Document:

EXHIBIT 4.2

      THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  UNDER THE  SECURITIES ACT OF
      1933, AS AMENDED,  OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD
      OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION STATEMENT
      FOR THE SECURITIES OR AN OPINION OF COUNSEL OR OTHER  EVIDENCE  ACCEPTABLE
      TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

US $________________

                           RCG COMPANIES INCORPORATED

              7% SECURED PROMISSORY NOTE DUE _______________, 2005

      FOR VALUE RECEIVED,  RCG COMPANIES  INCORPORATED,  a corporation organized
and existing under the laws of the State of Delaware (the  "COMPANY"),  promises
to  pay  to   __________________________   the  registered  holder  hereof  (the
"HOLDER"),  the principal sum of ____________  and 00/100 Dollars (US $_____) on
the Maturity  Date (as defined  below) and to pay interest on the  principal sum
outstanding from time to time at the rate of 7% per annum (computed on the basis
of the actual  number of days  elapsed  and a year of 365 days),  accruing  from
______________,  2005,  the date of initial  issuance  of this Note (the  "ISSUE
DATE"), to the date of payment. Such interest shall be payable on the date which
is the earlier of (i) the Maturity  Date, or (ii) the date of any  prepayment of
principal permitted  hereunder.  Accrual of interest shall commence on the Issue
Date and shall  continue to accrue on a daily basis until payment in full of the
principal  sum has been made or duly  provided for (whether  before or after the
Maturity Date).

      This Note is being  issued  pursuant  to the terms of the Loan  Agreement,
dated as of  ________________,  2005 (the  "LOAN  AGREEMENT").  This is one of a
series of notes in the aggregate  principal  amount of $1,098,500,  to which the
Company and the Holder (or the Holder's  predecessor  in interest)  are parties.
Capitalized  terms not otherwise defined herein shall have the meanings ascribed
to them in the Loan Agreement.

      This Note is subject to the following additional provisions:

      1. The term "MATURITY DATE" means ___________, 2005.

      2. (i) This Note may be  prepaid  in whole or in part at any time prior to
the Maturity Date, without penalty.  Any payment shall be applied as provided in
Section 3.

            (ii) The Company shall be in default hereunder if any payment is not
made in a timely manner after any applicable grace or cure period.

<PAGE>

      3. Any  payment  made on  account  of the Note  shall  be  applied  in the
following order of priority:  (i) first, to any amounts due hereunder other than
principal  and accrued  interest,  (ii) then,  to accrued  interest  through and
including the date of payment, and (iii) then, to principal of this Note.

      4. All payments  contemplated hereby to be made "in cash" shall be made in
immediately  available  good funds of United States of America  currency by wire
transfer to an account designated in writing by the Holder to the Company (which
account may be changed by notice  similarly  given).  For purposes of this Note,
the  phrase  "date of  payment"  means the date good funds are  received  in the
account designated by the notice which is then currently effective.

      5. Subject to the terms of the Loan  Agreement,  no provision of this Note
shall alter or impair the  obligation  of the  Company,  which is  absolute  and
unconditional,  to pay the principal of, and interest on, this Note at the time,
place, and rate, and in the coin or currency, as herein prescribed. This Note is
a direct obligation of the Company.

      6. The  obligations  of the Company  under this Note are secured under the
terms of the  Pledge  Agreement,  to which the Holder and  FlightServ,  Inc.,  a
Delaware  corporation are parties, the terms of which are incorporated herein by
reference,  by a pledge of all the  shares of the Common  Stock of FS  SunTours,
Inc., of which FlightServ, Inc. is the record and beneficial owner.

      7. No recourse  shall be had for the payment of the  principal  of, or the
interest on, this Note, or for any claim based  hereon,  or otherwise in respect
hereof,  against any incorporator,  shareholder,  officer or director,  as such,
past, present or future, of the Company or Pledgor or any successor corporation,
whether  by  virtue  of any  constitution,  statute  or rule  of law,  or by the
enforcement of any assessment or penalty or otherwise, all such liability being,
by the acceptance  hereof and as part of the consideration for the issue hereof,
expressly waived and released.

      8. The Holder of the Note, by acceptance hereof,  agrees that this Note is
being  acquired  for  investment  and that such Holder  will not offer,  sell or
otherwise dispose of this Note except under  circumstances which will not result
in a violation of the  Securities  Act of 1933,  as amended,  or any  applicable
state  Blue  Sky or  foreign  laws  or  similar  laws  relating  to the  sale of
securities.

      9. Any notice  given by any party to the other  with  respect to this Note
shall be given in the manner  contemplated  by the Loan Agreement in the section
entitled "Notices".

      10. This Note shall be governed by and  construed in  accordance  with the
laws of the State of Delaware.

      11. JURY TRIAL WAIVER.  The Company and the Holder hereby waive a trial by
jury in any action,  proceeding or counterclaim brought by either of the parties
hereto  against  the  other  in  respect  of  any  matter  arising  out of or in
connection with this Note.

                                       2
<PAGE>

      12. The following shall constitute an "EVENT OF DEFAULT":

      a.    The Company shall default in the payment of principal or interest on
            this Note after ten (10) days of the date such  payment is then due;
            or

      b.    Any of the representations or warranties made by the Company herein,
            in the Loan  Agreement  or any of the other  Transaction  Agreements
            shall be false or  misleading  in any  material  respect at the time
            made and shall have a material adverse effect on the Company; or

      c.    The Company shall make an assignment for the benefit of creditors or
            commence proceedings for its dissolution; or

      d.    A trustee, liquidator or receiver shall be appointed for the Company
            without its consent,  and such appointment shall remain  undismissed
            for a period of 60 days of appointment; or

      e.    Any  governmental  agency or any court of competent  jurisdiction at
            the instance of any  governmental  agency  shall  assume  custody or
            control of the the Company,  which  custody or control  shall remain
            undismissed for a period of 60 days of appointment; or

      f.    Bankruptcy, reorganization, insolvency or liquidation proceedings or
            other proceedings for relief under any bankruptcy law or any law for
            the relief of debtors shall be instituted by or against the Company,
            which, if instituted  against the Company,  shall remain undismissed
            for a period of 60 days of such filing.

If an Event of Default shall have occurred, then, or at any time thereafter, and
in each and every such case, unless such Event of Default shall have been waived
by the Holder (which waiver shall not be deemed to be a waiver of any subsequent
default) at the option of the Holder and in the Holder's  sole  discretion,  the
Holder may consider this Note immediately due and payable (and the Maturity Date
shall be  accelerated  accordingly),  without  presentment,  demand,  protest or
notice of any kinds, all of which are hereby expressly  waived,  anything herein
or in any note or other instruments  contained to the contrary  notwithstanding,
and interest shall accrue on the total amount due (the "DEFAULT  AMOUNT") on the
date of the Event of Default (the  "DEFAULT  DATE") at the rate of 12% per annum
or the maximum  rate allowed by law,  whichever is lower,  from the Default Date
until the date payment is made, and the Holder may  immediately  enforce any and
all of the Holder's  rights and remedies  provided herein or any other rights or
remedies afforded by law.

                                       3
<PAGE>

      13. In the event for any  reason,  any payment by or act of the Company or
the Holder  shall  result in payment of interest  which  would  exceed the limit
authorized  by or be in violation of the law of the  jurisdiction  applicable to
this Note,  then ipso facto the  obligation  of the  Company to pay  interest or
perform such act or requirement  shall be reduced to the limit  authorized under
such law,  so that in no event shall the  Company be  obligated  to pay any such
interest, perform any such act or be bound by any requirement which would result
in the payment of interest  in excess of the limit so  authorized.  In the event
any payment by or act of the Company shall result in the extraction of a rate of
interest in excess of a sum which is lawfully collectible as interest, then such
amount (to the extent of such excess not returned to the Company) shall, without
further  agreement or notice between or by the Company or the Holder,  be deemed
applied to the payment of principal,  if any, hereunder immediately upon receipt
of such excess funds by the Holder, with the same force and effect as though the
Company had specifically  designated such sums to be so applied to principal and
the Holder had agreed to accept such sums as an interest-free prepayment of this
Note.  If any part of such excess  remains  after the principal has been paid in
full,  whether by the  provisions of the preceding  sentences of this Section or
otherwise,  such  excess  shall be deemed to be an  interest-free  loan from the
Company to the Holder,  which loan shall be payable  immediately  upon demand by
the Company.  The provisions of this Section shall control every other provision
of this Note.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       4
<PAGE>

      IN WITNESS  WHEREOF,  the Company has caused  this  instrument  to be duly
executed by an officer thereunto duly authorized this ____ day of _____________,
2005.

                                      RCG COMPANIES INCORPORATED

                                      By:_______________________________________

                                      __________________________________________
                                      (Print Name)

                                      __________________________________________
                                      (Title)

                                       5EXHIBIT 4.3

NEITHER THESE  SECURITIES  NOR THE  SECURITIES  INTO WHICH THESE  SECURITIES ARE
EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE  COMMISSION OR
THE  SECURITIES  COMMISSION  OF ANY STATE IN  RELIANCE  UPON AN  EXEMPTION  FROM
REGISTRATION  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED  (THE  "SECURITIES
ACT"),  AND,  ACCORDINGLY,  MAY NOT BE OFFERED  OR SOLD  EXCEPT  PURSUANT  TO AN
EFFECTIVE  REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OR PURSUANT TO AN
AVAILABLE  EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE  REGISTRATION
REQUIREMENTS  OF THE  SECURITIES  ACT AND IN ACCORDANCE  WITH  APPLICABLE  STATE
SECURITIES  LAWS AS  EVIDENCED BY A LEGAL  OPINION OF COUNSEL TO THE  TRANSFEROR
REASONABLY  ACCEPTABLE  TO THE COMPANY TO SUCH  EFFECT,  THE  SUBSTANCE OF WHICH
SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

                          COMMON STOCK PURCHASE WARRANT

                      To Purchase Shares of Common Stock of

                           RCG COMPANIES INCORPORATED

            THIS COMMON STOCK PURCHASE  WARRANT (the "Warrant")  certifies that,
for value received,  (the "Holder"),  is entitled, upon the terms and subject to
the  limitations on exercise and the conditions  hereinafter  set forth,  at any
time on or after January 25, 2005 (the "Initial  Exercise Date") and on or prior
to the  close of  business  on the  three (3) year  anniversary  of the  Initial
Exercise Date (the "Termination Date") but not thereafter,  to subscribe for and
purchase  from  RCG  Companies   Incorporated,   a  Delaware   corporation  (the
"Company"),  up to ______  shares (the "Warrant  Shares") of Common  Stock,  par
value $0.04 per share, of the Company (the "Common  Stock").  The purchase price
of one share of Common Stock under this  Warrant  shall be equal to the Exercise
Price, as defined under Section 1(b).

      Section 1. Exercise.

            a) Exercise of Warrant.  Exercise of the purchase rights represented
      by this  Warrant  may be made at any time or times on or after the Initial
      Exercise  Date and on or before the  Termination  Date by  delivery to the
      Company of a duly executed  facsimile  copy of the Notice of Exercise Form
      annexed  hereto (or such other  office or agency of the  Company as it may
      designate by notice in writing to the registered  Holder at the address of
      such Holder  appearing on the books of the  Company);  provided,  however,
      within 5 Trading  Days of the date said Notice of Exercise is delivered to
      the Company, the Holder shall have surrendered this Warrant to the Company
      and the Company  shall have  received  payment of the  aggregate  Exercise
      Price of the shares thereby  purchased by wire transfer or cashier's check
      drawn on a United States bank.

            b) Exercise Price.  The exercise price of each share of Common Stock
      under this Warrant shall be $1.25,  subject to adjustment  hereunder  (the
      "Exercise Price").

<PAGE>

            c) Mechanics of Exercise.

                  i. Authorization of Warrant Shares. The Company covenants that
            all  Warrant  Shares  which may be issued  upon the  exercise of the
            purchase  rights  represented by this Warrant will, upon exercise of
            the purchase rights represented by this Warrant, be duly authorized,
            validly  issued,  fully  paid and  nonassessable  and free  from all
            taxes, liens and charges in respect of the issue thereof (other than
            taxes in respect of any transfer  occurring  contemporaneously  with
            such  issue).  The  Company  covenants  that  during  the period the
            Warrant is  outstanding,  it will  reserve from its  authorized  and
            unissued  Common Stock a sufficient  number of shares to provide for
            the issuance of the Warrant Shares upon the exercise of any purchase
            rights under this Warrant.  The Company  further  covenants that its
            issuance of this  Warrant  shall  constitute  full  authority to its
            officers  who  are  charged   with  the  duty  of  executing   stock
            certificates to execute and issue the necessary certificates for the
            Warrant  Shares upon the exercise of the purchase  rights under this
            Warrant.

                  ii. Delivery of Certificates  Upon Exercise.  Certificates for
            shares purchased  hereunder shall be transmitted to the Holder after
            delivery to the Company of the Notice of Exercise Form, surrender of
            this  Warrant and  payment of the  aggregate  Exercise  Price as set
            forth above ("Warrant Share Delivery  Date").  This Warrant shall be
            deemed  to have been  exercised  on the date the  Exercise  Price is
            received by the Company.

                  iii.  Delivery of New Warrants Upon Exercise.  If this Warrant
            shall have been exercised in part, the Company shall, at the time of
            delivery of the  certificate or  certificates  representing  Warrant
            Shares,  deliver to Holder a new  Warrant  evidencing  the rights of
            Holder to purchase the unpurchased Warrant Shares called for by this
            Warrant,  which new Warrant shall in all other respects be identical
            with this Warrant.

                  iv. No Fractional  Shares or Scrip.  No  fractional  shares or
            scrip  representing  fractional  shares  shall  be  issued  upon the
            exercise of this Warrant.

                  v.   Closing  of  Books.   The  Company  will  not  close  its
            stockholder books or records in any manner which prevents the timely
            exercise of this Warrant, pursuant to the terms hereof.

      Section 3. Certain Adjustments.

            a) Stock Splits.  If the Company,  at any time while this Warrant is
      outstanding:  (A)  subdivides  outstanding  shares of Common  Stock into a
      larger number of shares,  (B) combines  (including by way of reverse stock
      split) outstanding shares of Common Stock into a smaller number of shares,
      or (C) issues by reclassification of shares of the Common Stock any shares
      of capital  stock of the  Company,  then in each case the  Exercise  Price
      shall be  multiplied  by a fraction  of which the  numerator  shall be the
      number of  shares of Common  Stock  (excluding  treasury  shares,  if any)
      outstanding  before such event and of which the  denominator  shall be the
      number of shares of Common  Stock  outstanding  after  such  event and the
      number of Warrant  Shares  issuable upon exercise of this Warrant shall be
      proportionately  adjusted.  Any  adjustment  made pursuant to this Section
      3(a) shall become effective immediately.

                                       2
<PAGE>

            b) Calculations. All calculations under this Section 3 shall be made
      to the nearest cent or the nearest 1/100th of a share, as the case may be.
      For  purposes  of this  Section  3, the  number of shares of Common  Stock
      outstanding as of a given date shall be the sum of the number of shares of
      Common Stock (excluding treasury shares, if any) outstanding.

            c) Notice to Holders for Adjustment to Exercise Price.  Whenever the
      Exercise  Price is adjusted  pursuant to this Section 3, the Company shall
      promptly  mail to each Holder a notice  setting  forth the Exercise  Price
      after such  adjustment  and setting  forth a brief  statement of the facts
      requiring such adjustment.

            Section 4. Transfer of Warrant/Warrant  Register.  The Company shall
      register  this  Warrant,  upon records to be maintained by the Company for
      that purpose (the  "Warrant  Register"),  in the name of the record Holder
      hereof from time to time.  The  Company may deem and treat the  registered
      Holder of this Warrant as the absolute owner hereof for the purpose of any
      exercise  hereof  or any  distribution  to the  Holder,  and for all other
      purposes, absent actual notice to the contrary.

      Section 5. Miscellaneous.

            a) No Rights as Shareholder  Until  Exercise.  This Warrant does not
      entitle the Holder to any voting  rights or other rights as a  shareholder
      of the Company  prior to the exercise  hereof.  Upon the surrender of this
      Warrant  and the  payment of the  aggregate  Exercise  Price,  the Warrant
      Shares so purchased  shall be and be deemed to be issued to such Holder as
      the record  owner of such  shares as of the close of business on the later
      of the date of such surrender or payment.

            b) Loss,  Theft,  Destruction or Mutilation of Warrant.  The Company
      covenants  that  upon  receipt  by  the  Company  of  evidence  reasonably
      satisfactory to it of the loss,  theft,  destruction or mutilation of this
      Warrant or any stock  certificate  relating to the Warrant Shares,  and in
      case of loss,  theft or destruction,  of indemnity or security  reasonably
      satisfactory to it, and upon surrender and cancellation of such Warrant or
      stock certificate,  if mutilated,  the Company will make and deliver a new
      Warrant  or  stock  certificate  of  like  tenor  and  dated  as  of  such
      cancellation, in lieu of such Warrant or stock certificate.

            c) Saturdays,  Sundays,  Holidays, etc. If the last or appointed day
      for the taking of any action or the  expiration  of any right  required or
      granted herein shall be a Saturday,  Sunday or a legal holiday,  then such
      action may be taken or such right may be exercised on the next  succeeding
      day not a Saturday, Sunday or legal holiday.

                                       3
<PAGE>

            d) Authorized  Shares.  The Company covenants that during the period
      the  Warrant is  outstanding,  it will  reserve  from its  authorized  and
      unissued  Common  Stock a  sufficient  number of shares to provide for the
      issuance of the Warrant  Shares upon the exercise of any  purchase  rights
      under this Warrant.  The Company  further  covenants  that its issuance of
      this  Warrant  shall  constitute  full  authority  to its officers who are
      charged with the duty of executing stock certificates to execute and issue
      the necessary certificates for the Warrant Shares upon the exercise of the
      purchase rights under this Warrant.

            e)  Jurisdiction.   All  questions   concerning  the   construction,
      validity, enforcement and interpretation of this Warrant shall be governed
      by and  construed  and enforced in  accordance  with  internal laws of the
      State of  Delaware,  without  regard to  principles  of  conflicts  of law
      thereof.

            f)  Restrictions.  The Holder  acknowledges  that the Warrant Shares
      acquired upon the exercise of this Warrant,  if not registered,  will have
      restrictions upon resale imposed by state and federal  securities laws and
      will bear a restrictive legend.

            g)  Nonwaiver.  No course of  dealing  or any  delay or  failure  to
      exercise  any right  hereunder  on the part of Holder  shall  operate as a
      waiver of such right or otherwise  prejudice  Holder's  rights,  powers or
      remedies;  provided,  however,  all  rights  hereunder  terminate  on  the
      Termination Date.

            h) Notices. All notices, requests, consents,  instructions and other
      communications  required or  permitted to be given  hereunder  shall be in
      writing and sent by  nationally  recognized  next day delivery  service or
      mailed by certified or registered mail, return receipt requested,  postage
      prepaid,  addressed  as  set  forth  below  or by  facsimile  transmission
      confirmed  in writing,  by next day  delivery  service.  Receipt  shall be
      deemed to occur on the date of actual  receipt of delivery  by  overnight,
      registered or certified mail or the time of receipted transmission if sent
      by facsimile.

            To the Company at:
            RCG Companies Incorporated
            6836 Morrison Blvd Ste 200
            Charlotte, NC  28211-2668
            Attn: Chief Financial Officer

                                       4
<PAGE>

            To Holder:

            To the address set forth such Person's name on the signature page to
            the Loan Agreement.

      or  such  other  address  or  persons  as the  parties  from  time to time
      designate in writing in the manner provided in this section.

            i) Successors and Assigns.  Subject to applicable  securities  laws,
      this Warrant and the rights and obligations  evidenced  hereby shall inure
      to the benefit of and be binding  upon the  successors  of the Company and
      the heirs, successors and permitted assigns of Holder.

            j)  Amendment.  This  Warrant  may be  modified  or  amended  or the
      provisions  hereof waived with the written  consent of the Company and the
      Holder.

            k) Severability.  Wherever possible,  each provision of this Warrant
      shall be  interpreted  in such manner as to be  effective  and valid under
      applicable  law, but if any  provision of this Warrant shall be prohibited
      by or invalid under applicable law, such provision shall be ineffective to
      the extent of such  prohibition or invalidity,  without  invalidating  the
      remainder of such provisions or the remaining provisions of this Warrant.

            l)  Headings.  The  headings  used  in  this  Warrant  are  for  the
      convenience of reference only and shall not, for any purpose,  be deemed a
      part of this Warrant.

                              ********************

                                       5
<PAGE>

      IN WITNESS WHEREOF,  the Company has caused this Warrant to be executed by
its officer thereunto duly authorized.

Dated: January 25, 2005

                                                RCG COMPANIES INCORPORATED

                                                By:
                                                   --------------------------
                                                   Name: Michael D. Pruitt
                                                   Title: President

                                       6
<PAGE>

                                                                     EXHIBIT 4.3

                               NOTICE OF EXERCISE

TO: RCG COMPANIES INCORPORATED

            (1)_____The  undersigned hereby elects to purchase Warrant Shares of
the Company  pursuant to the terms of the attached Warrant (only if exercised in
full), and tenders herewith payment of the exercise price in full, together with
all applicable transfer taxes, if any.

            (2)_____Payment  shall take the form of cash in lawful  money of the
United States.

            (3)_____Please issue a certificate or certificates representing said
Warrant Shares in the name of the undersigned.

The Warrant Shares shall be delivered to the following:

                   __________________________________________

                   __________________________________________

                   __________________________________________

            (4) Accredited Investor. The undersigned is an "accredited investor"
as defined in  Regulation D  promulgated  under the  Securities  Act of 1933, as
amended.

                                        [PURCHASER]

                                        By:
                                            ------------------------------------
                                            Name:
                                            Title:

                                        Dated:
                                               ---------------------------------

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