Document:

EXHIBIT 99.2

                              REVOLVING CREDIT NOTE

$30,000,000.00                                                    March 31, 2000

         FOR VALUE RECEIVED, the undersigned, MIDWAY AIRLINES CORPORATION (the
Maker"), hereby promises to pay to the order of Reedy Creek Investments, LLC,
having an address at P.O. Box 3557, Cary, NC 27519 (the "Lender"), the principal
sum of Thirty Million Dollars ($30,000,000.00) or, if less, the aggregate unpaid
principal amount of Loans hereunder made by the Lender to the Maker pursuant to
that certain Credit Agreement dated as of March 31, 2000, as the same may be
amended, restated, renewed, replaced, supplemented or otherwise modified from
time to time hereafter (the "Credit Agreement"), by and among the Maker and the
Lender, together with interest on any and all principal remaining unpaid
hereunder from the date hereof until payment in full, payable on the dates and
at the interest rate or rates specified in the Credit Agreement. Capitalized
terms used in this Note without definition have the meanings assigned to them in
the Credit Agreement.

         The aggregate principal amount outstanding hereunder shall be payable
as provided in the Credit Agreement. This Note may be prepaid in accordance with
the terms and provisions of the Credit Agreement without penalty or premium
(other than certain indemnification payments under SECTION 1.10 of the Credit
Agreement). This Note is also subject to mandatory prepayment in certain
circumstances as provided in the Credit Agreement.

         All principal and interest hereunder are payable in lawful money of the
United States of America to the Lender at its address specified in the Credit
Agreement in immediately available funds as provided in the Credit Agreement on
the date on which such payment shall become due.

         The Maker, for itself and its legal representatives, successors and
assigns, to the extent it may lawfully do so, hereby expressly waives
presentment, demand, protest, notice of protest, presentment for the purpose of
accelerating maturity, diligence in collection, and the benefit of any exemption
or insolvency laws, and consents that the Lender may release or surrender,
exchange or substitute any personal property or other collateral security now
held or which may hereafter be held as security for the payment of this Note,
and may extend the time for payment or otherwise modify the terms of payment of
any part or the whole of the debt evidenced hereby to the extent provided in the
Credit Agreement without in any way affecting the liability of the Maker;
provided that such modifications do not increase the obligations hereunder.

<PAGE>

         This Note is one of the "Notes" referred to in and is entitled to the
benefits of the Credit Agreement (including Schedules thereto) and all other
instruments and agreements evidencing and/or securing the indebtedness
hereunder, which Credit Agreement and other instruments and agreements are
hereby made part of this Note and are deemed incorporated herein in full. The
occurrence or existence of an Event of Default shall constitute a default under
this Note and shall, subject to the provisions of ARTICLE XII of the Credit
Agreement, entitle the Lender to accelerate the entire indebtedness hereunder
and to take such other action as may be provided for in the Credit Agreement or
any other instrument or agreement evidencing and/or securing this Note, all in
accordance with the terms of the Credit Agreement.

         All agreements between or among the Maker and the Lender are hereby
expressly limited so that in no continency or event whatsoever, whether by
reason of acceleration of maturity of the indebtedness or otherwise, shall the
amount paid or agreed to be paid for the use or forbearance of the indebtedness
evidenced hereby exceed the maximum amount which the Lender is permitted to
receive under applicable law. If, from any circumstances whatsoever, fulfillment
of any provision hereof or of the Credit Agreement, at the time performance of
such provision shall be due, shall involve exceeding such amount, then the
obligation to be fulfilled shall automatically be reduced to the limit of such
validity and if, from any circumstances, the Lender should ever receive as
interest an amount which would exceed such maximum amount, such amount which
would be excessive interest shall be applied to the reduction of the principal
balance evidenced hereby and not to the payment of interest. As used herein the
term "applicable law" shall mean the law in effect as of the date hereof,
provided, however, that in the event there is a change in the law which results
in a higher permissible rate of interest, then this Note shall be governed by
such new law as of its effective date. This provision shall control every other
provision of all agreements between or among the Maker and the Lender.

         This Note and all transactions hereunder and/or evidenced herein shall
be governed by, and construed and enforced in accordance with, the laws of the
State of New York.

         If this Note shall not be paid when due and shall be placed by the
holder hereof in the hands of any attorney for collection, through legal
proceedings or otherwise, the Maker will pay reasonable attorneys' fees to the
holder hereof together with reasonable costs and expenses of collection,
including without limitation, any such attorneys' fees, costs and expenses
relating to any proceedings with respect to the bankruptcy, reorganization,
insolvency, readjustment of debt, dissolution or liquidation of any of the Maker
or any party (other than the Lender) to any instrument or agreement securing
this Note.

                                       2
<PAGE>

         IN WITNESS WHEREOF, the Maker has caused this Note to be executed under
seal by its duly authorized representative as of the date first above written.

                                                     MIDWAY AIRLINES CORPORATION

                                                     By: /s/ J. S. Waller
                                                         -----------------------
                                                         Jonathan S. Waller
                                                         Senior Vice President
                                                         General Counsel

                                       3EXHIBIT 4.1

                             STOCK OPTION AGREEMENT

         STOCK OPTION AGREEMENT as of June 24, 1999, by and between MegaMedia
Networks, Inc., and John P. Chambers. (the "Optionee").

                         ------------------------------

         In consideration for the Optionee signing an Employment Agreement (the
"Employment Agreement") with MegaMedia Networks, Inc. (the "Company") and for
other good and valuable consideration, receipt of which is hereby acknowledged,
MegaMedia Networks hereby grants the Optionee the option to acquire shares of
the common stock of the Company upon the following terms and conditions:

1.       Grant of Option
         ---------------

         A. The Company hereby grants to the Optionee the right and option (the
"Option") to purchase up to 100,000 fully paid and non-assessable shares of
Common Stock par value $.01 per share of the Company (the "Shares"), subject to
the vesting provisions described below.

         B. This Option shall vest in Executive on the earliest to occur of the
following:

             (i) On June 24, 2001, provided that Executive remains employed by
Company, a parent or subsidiary corporation of Company; or,

             (ii) Upon termination of Executive's employment by Company without
"Cause" as defined in paragraph 9D of Executive's Employment Agreement of even
date herewith prior to June 24, 2001; or,

             (iii) Upon Executive's voluntary termination of his employment for
"Constructive Discharge" as defined paragraph 9C of Executive's Employment
Agreement of even date herewith prior to June 24, 2001; or,

             (iv) Upon a "change in control" of the Company, which shall be
defined as (i) a sale, merger or other business combination which results in
transfer to a third party of an ownership interest of greater than 50% of the
Company or any successor entity to the Company, (ii) a sale of all or
substantially all of the Company's assets, or (iii) election by the shareholders
of the Company of persons to serve as directors of the Company, comprising more
than one-half (1/2) the total number of directors, persons who were not
nominated or recommended to the shareholders for election as directors by the
Board's nominating committee, prior to June 24, 2001.

         C. The Option once vested, may be exercised during the period ("Option
Period") commencing on June 24, 2001 and expiring at 5:00 p.m. Eastern Standard
Time on June 24, 2011 at which time the Optionee shall have no further right to
purchase any Shares not then purchased. MegaMedia Networks shall at all times
during the term of this Agreement have available such number of Shares of Common
Stock as will be sufficient to satisfy the Option.

                                                Initials___________/____________
<PAGE>

         D. It is not intended that these Options qualify as Incentive Stock
Options within the meaning of Section 422A of the Internal Revenue Code of 1986,
as amended (the "Code").

2.       Exercise Price
         ---------------

         The exercise price of the Option (the "Exercise Price") shall be Two
Dollars $2.00 per Share, and shall be payable by certified or bank check payable
to the order of MegaMedia Networks in full at the time of the exercise. As an
alternative, Optionee may present Shares already owned by the Optionee with a
market value at least equal to the aggregate Exercise Price of the Options which
Optionee seeks to exercise.

3.       Exercise of Option
         ------------------

         The Optionee may exercise this Option in whole or in part, by providing
notice to MegaMedia Networks, in the form attached as Exhibit A, by registered
or certified mail, return receipt requested, addressed to his principal office,
signed by Optionee, indicating the number of Options which he desires to
exercise. The notice shall be accompanied by payment of the Option Price as
specified in Paragraph 2 above. As soon as practicable after the receipt of such
notice of exercise, MegaMedia Networks shall cause the Company's transfer agent
to issue to the Optionee certificates issued in the Optionee's name evidencing
the Shares purchased by the Optionee.

4.       Death of Optionee
         ------------------

         In the event of the death of the Optionee, any unexercised portion of
his Option shall be exercisable (to the extent that such Option was exercisable
at the time of his death) for sixty (60) days after the Optionee's death only by
his personal representative or such persons to whom such deceased Optionee's
rights shall pass under such Optionee's will or by the laws of descent and
distribution.

5.       Non-Transferability of Option
         -----------------------------

         The Optionee may not give, grant, sell, exchange, transfer legal title,
pledge, assign or otherwise encumber or dispose of the Option or any interest
therein, otherwise than by will or the laws of descent and distribution and,
except as provided in this paragraph and paragraph 4, the Option shall be
exercisable only by the Optionee. Upon any attempt to so transfer the Option, or
upon the levy or attachment or similar process of the Option, the Option shall
automatically become null and void.

6.        Restriction on Issuance of Shares - Investment Representation. By
accepting the Option, the Optionee agrees for himself, his heirs and legatees
that any and all Shares purchased upon the exercise of the Option shall be
acquired for investment and not for distribution. Upon the issuance of any or
all of the Shares subject to the Option, the Company, in its discretion, may
require the Optionee, or his heirs or legatees receiving such Shares to deliver
to the Company a representation in writing, in a form satisfactory to the Board
of Directors, that such Shares are being acquired in good faith for investment
and not for distribution. The Company may place a "stop transfer" order with
respect to such Shares with its transfer agent and may place an appropriate
restrictive legend on the certificate(s) evidencing such Shares. Any stock
certificates issued upon the exercise of the Option may bear an appropriate
restrictive legend, if deemed necessary by the Company. The Company agrees to
register the Shares as part of any Form S-8 registration by the Company for so
long as any Shares subject to Options remain outstanding.

                                            Initials____________/_______________

                                       2
<PAGE>

7.       Adjustments Upon Changes in Capitalization
         ------------------------------------------

         A. In the event of changes in the outstanding shares of the Company by
reason of stock dividends, split-ups, recapitalizations, mergers,
consolidations, combinations or exchanges of shares, separations,
reorganizations or liquidations, the number and class of shares or the amount of
cash or other assets or securities available upon the exercise of the Option and
the Exercise Price shall be correspondingly adjusted.

         B. Any adjustment in the number of Shares shall apply proportionately
to only the then unexercised portion of the Option. If fractional Shares would
result from any such adjustment, the adjustment shall be revised to the next
higher whole number.

8.       No Rights as Stockholder
         ------------------------
         The Optionee shall have no rights as a stockholder in Shares as to
which the Option has not been exercised.

9.       Taxes
         -----

         The Company may make such provisions as it may deem appropriate for the
withholding of any taxes which it determines is required in connection with the
Options granted hereby. The Company may further require notification from the
Optionee upon any disposition of Shares acquired pursuant to the exercise of
Options granted hereunder.

10.      Binding Effect
         --------------
         Except as herein otherwise expressly provided, this Agreement shall be
binding upon and shall inure to the benefit of the parties hereto, their legal
representatives and assigns.

11.      Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida applicable to agreements made
and to be performed wholly within the State of Florida

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and year first above written.

-------------------------------------
Witness:                                  MegaMedia Networks, Inc.
         ----------------------------     By /s/   William A. Mobley, Jr.
                                             ----------------------------------
                                             William A. Mobley, Jr., President

-------------------------------------
Witness:                                  Optionee:   /s/  John P. Chambers
         ----------------------------              ----------------------------
                                                           John P. Chambers

                                                  Initials__________/___________

                                       3
<PAGE>

                                    EXHIBIT A

                                  EXERCISE FORM

          (To be Executed If Optionee Desires to Exercise the Options)

TO:      MegaMedia Networks, Inc.

         The undersigned, being the Optionee of certain options ("Options") to
purchase shares of common stock of MegaMedia Networks, Inc. (the "Company" and
the "Shares"), under the conditions thereof, hereby exercises Options to
purchase __________________ Shares evidenced by the within Option Agreement, and
herewith makes payment of the exercise price in full in cash or immediately
available funds. Kindly issue all Shares to the undersigned and deliver them to
the undersigned at the address stated below. If such number of Shares shall not
be all of the Shares purchasable under the within Option Agreement, please issue
a new Option Agreement of like tenor for the balance of the remaining Shares
purchasable hereunder to be delivered to the undersigned at the address stated
below.

         By signing below, the Undersigned acknowledges that he has received
such financial and other information to his satisfaction regarding the Company
as he requires to make an informed investment decision. The Undersigned has had
the opportunity to ask questions and receive answers from the Company regarding
the Shares and the Company. The Undersigned further acknowledges that he is
aware that the Shares issued pursuant to this exercise are restricted from
transfer.

                                    Name ____________________________________
                                                      (Please Print)

                                    Address __________________________________

                                    Signature _________________________________

Dated _____________________

                                                  Initials_________/____________

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