Document:

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Exhibit 10B
                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT ("Agreement"), made as of the 9th day of November, 2000 by
and between MFN Financial Corporation, a Delaware corporation ("Company"), and
Jeffrey B. Weeden ("Executive"), to be effective as of January 1, 2001.

                                WITNESSETH THAT:

     WHEREAS, pursuant to an Employment Agreement made as of March 23, 1999 (the
"1999 Employment Agreement), the Executive currently serves as the President and
Chief Operating Officer of the Company; and

     WHEREAS, in connection with the management succession plan approved by the
Board of Directors of the Company ("Board"), the Company and the Executive
desire to amend and restate that 1999 Employment Agreement to modify the
Executive's duties and compensation;

     NOW, THEREFORE, in consideration of the mutual covenants set forth in the
1999 Employment Agreement and herein, the Company and the Executive hereby agree
as follows:

1.   Employment.  The Company hereby agrees to employ the Executive, and the
Executive agrees to serve the Company, in the capacities described herein during
the Period of Employment (as defined in Section 2 of this Agreement), in
accordance with the terms and conditions of this Agreement.

2.   Period of Employment.  The term "Period of Employment," for purposes of
this Agreement, shall mean the period which commences on January 1, 2001 (the
"Effective Date") and, unless earlier terminated pursuant to Section 6, ends on
December 31, 2003.

3.   Duties During the Period of Employment.

     (a)  Duties.  During the Period of Employment, the Executive shall be
employed as President and Chief Executive Officer of the Company with overall
charge and responsibility for the business and affairs of the Company, and shall
perform such appropriate duties as the Executive shall reasonably be directed to
perform by the Board. The Company shall also elect the Executive as a member of
the Board.

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     (b)  Scope.  During the Period of Employment, and excluding any periods of
vacation and sick leave to which the Executive is entitled, the Executive shall
devote substantially all of his business time and attention to the business and
affairs of the Company. It shall not be a violation of this Agreement for the
Executive to (i) serve on corporate, civic or charitable boards or committees,
(ii) deliver lectures, fulfill speaking engagements or teach at educational
institutions, or (iii) manage personal investments, so long as such activities
under clauses (i), (ii) and (iii) do not interfere, in any substantial respect,
with the Executive's responsibilities hereunder.

4.   Compensation and Other Payments.

     (a)  Salary.  During the Period of Employment the Company shall pay the
Executive an annual base salary ("Base Salary") of four hundred fifty thousand
dollars ($450,000) per year.  The Executive's Base Salary shall be paid in
advance, in equal monthly installments.  The Base Salary shall be reviewed
annually as of the end of each fiscal year of the Company (the "Applicable
Year") during the Period of Employment by the Compensation Committee (the
"Committee") of the Board of Directors of the Company (the "Board").  Each
annual review shall be completed by January 1 following the Applicable Year.
Based upon such reviews, the Committee may increase, but shall not decrease, the
Base Salary.  Any increase in Base Salary shall not serve to limit or reduce any
other obligation to the Executive under this Agreement.

     (b)  Annual Bonuses.  The Committee or the Board shall at least annually
review the Executive's performance under this Agreement.  The Executive shall be
awarded annual bonus opportunities pursuant to the Annual Executive Incentive
Bonus Plan of the Company (the "Bonus Plan").  The Executive's bonus opportunity
for Plan Level of performance under the Bonus Plan shall be one hundred percent
(100%) of his Base Salary and his bonus opportunity for Goal Level of
performance under the Bonus Plan shall be one hundred fifty percent (150%) of
his Base Salary.

     (c)  Additional Stock Options.  In addition to the stock options previously
granted to the Executive, the Company shall grant the Executive a ten (10) year
option to purchase two hundred thousand (200,000) shares of stock of the
Company, which option shall vest and be exercisable as set forth below and shall
be transferable by the Executive to members of his immediate family or to trusts
or partnerships formed for the benefit of the Executive or members of his
immediate family.  The option shall vest and be exercisable with respect to
sixty-six thousand six hundred sixty-seven (66,667) shares from and after
December 31, 2001, shall vest and be exercisable with respect to an additional
sixty-six thousand six hundred sixty-seven (66,667) shares from and after
December 31, 2002, and shall vest and be exercisable with respect to the balance
of the two hundred thousand (200,000) shares from and after December 31, 2003.
The exercise price for such option shall be the fair market value of the shares
of stock of the Company at the time of the grant, as reasonably determined by
the Board or the Committee.

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          The Company shall take such reasonable efforts as may be necessary to
cause any shares to be issued in connection with such option awards to be
registered under the Federal Securities Act of 1933, as amended, or under
applicable state securities laws, or to secure an appropriate exemption from
such registration. The terms and conditions of the said option awards are to be
included in a Stock Option Agreement in the form attached hereto as Exhibit A.
The options shall become exercisable immediately upon vesting and shall remain
exercisable until they expire or otherwise terminate in accordance with this
Agreement or the terms and conditions set forth in Exhibit A. To the extent the
Company is unable to provide sufficient shares to comply with this Section 4(c),
the Company shall provide the Executive with the economic equivalent of the
value of the option award(s) described in this Section 4(c) in the form of a
stock appreciation right based upon substantially the same terms and conditions
as set forth in Exhibit A.

          (d)  Promotion Bonus.  In connection with the Executive's promotion to
the position of Chief Executive Officer of the Company, the Company shall pay
the Executive a promotion bonus in the total amount of three hundred thousand
dollars ($300,000) which shall be paid on December 27, 2000.

          (e)  Reimbursement of Professional Fees.  The Company shall pay on the
Executive's behalf all reasonable fees and expenses shown on statements
submitted to the Executive by the Executive's attorneys, accountants and other
advisors in connection with the negotiation and execution of this Agreement.

5.   Other Executive Benefits.

          (a)  Regular Reimbursed Business Expenses.  The Company shall promptly
reimburse the Executive for all expenses and disbursements reasonably incurred
by the Executive in the performance of his duties hereunder during the Period of
Employment.

          (b)  Benefit Plans.  The Executive and his eligible family members
shall be entitled to participate, on terms no less favorable to the Executive
and his eligible family members than the terms offered to other senior
executives of the Company, in any group and/or executive life, hospitalization
or disability insurance plan, health program, vacation policy, pension, profit
sharing, ESOP, 401(k) and similar benefit plans (qualified, non-qualified and
supplemental) or other fringe benefits of the Company, including use of an
automobile provided by the Company, club memberships and dues, and similar
programs (collectively referred to as the "Benefits"). In the event that any
health programs or insurance policies applicable to the Benefits provided
hereunder contain a preexisting conditions clause, the Company shall either
obtain a waiver from such clause with respect to the Executive and/or his
eligible family members or self-insure the Executive and/or his eligible family
members with respect to such conditions. Anything contained herein to the
contrary notwithstanding, the benefits described herein shall not duplicate
benefits made available to the Executive pursuant to any other provision of this
Agreement. The Company shall reimburse the Executive for all taxes payable

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by the Executive due to payments made by the Company pursuant to this paragraph
(b), including tax reimbursement payments; provided however, that such tax
reimbursement shall not apply to payments which constitute vacation pay or
pension, profit-sharing or similar retirement or deferred compensation benefits
normally taxable to recipients.

          (c)  Perquisites.  The Company shall provide the Executive such
perquisites of employment as are commonly provided to other senior executives of
the Company.

     6.   Termination.

          (a)  Death or Disability.  This Agreement and the Period of Employment
shall terminate automatically upon the Executive's death. If the Company
determines in good faith that the Disability of the Executive has occurred
(pursuant to the definition of "Disability" set forth below), it may give to the
Executive written notice of its intention to terminate the Executive's
employment. In such event, the Executive's employment with the Company shall
terminate effective on the thirtieth day after receipt by the Executive of such
notice given at any time after a period of one hundred twenty (120 consecutive
days of Disability or a period of one hundred eighty (180) days of Disability
within any twelve (12) consecutive months, and, in either case, while such
Disability is continuing ("Disability Effective Date"); provided that, within
the thirty (30) days after such receipt, the Executive shall not have returned
to full-time performance of the Executive's duties. For purposes of this
Agreement, "Disability" means the Executive's inability to substantially perform
his duties hereunder, with reasonable accommodation, as evidenced by a
certificate signed either by a physician mutually acceptable to the Company and
the Executive or, if the Company and the Executive cannot agree upon a
physician, by a physician selected by agreement of a physician designated by the
Company and a physician designated by the Executive. Until the Disability
Effective Date, the Executive shall be entitled to all compensation and benefits
provided for under Section 4 and Section 5 hereof. It is understood that nothing
in this Section 6(a) shall serve to limit the Company's obligations under
Section 7(b) hereof.

          (b)  By the Company for Cause.  The Company may terminate the
Executive's employment hereunder for "Cause" upon five (5) days' written notice.
For purposes of this Agreement, "Cause" shall mean (i) Executive's commission of
an act materially and demonstrably detrimental to the Company, which act
constitutes gross negligence or willful misconduct by Executive in the
performance of his material duties to the Company or (ii) Executive's commission
of any material act of dishonesty or breach of trust resulting or intended to
result in material personal gain or enrichment of Executive at the expense of
the Company, or (iii) Executive's conviction of a felony involving theft or
moral turpitude, but specifically excluding any conviction based entirely on
vicarious liability.

          (c)  By Executive for Good Reason.  The Executive's employment
hereunder may be terminated by the Executive for Good Reason upon five (5) days'
written notice. For purposes of this Agreement, "Good Reason" shall mean:

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          (i)  The assignment to the Executive of any duties inconsistent in any
     respect with the Executive's position (including status, offices, titles
     and reporting relationships), authority, duties or responsibilities as
     contemplated by Section 3 of this Agreement, or any other action by the
     Company which results in a significant diminution in such position,
     authority, duties or responsibilities, excluding for this Section 6(c) any
     isolated, immaterial and inadvertent action not taken in bad faith and
     which is remedied by the Company promptly after receipt of notice thereof
     given by the Executive;

          (ii)  Any failure by the Company to comply with any of the provisions
     of this Agreement, other than an isolated, immaterial and inadvertent
     failure not taken in bad faith and which is remedied by the Company
     promptly after receipt of notice thereof given by the Executive;

          (iii)  The filing of any involuntary bankruptcy petition against the
     Company which is not dismissed within sixty (60) days of the filing of the
     petition;

          (iv)  The revocation of any significant business license of the
     Company by any state, except such a revocation which does not have a
     material adverse effect on the business or prospects of the Company taken
     as a whole; or

          (v)  Any criminal indictment of the Company, except for any such
     indictment (A) which (1) is based upon the investigation by the federal
     Securities and Exchange Commission into actions of the Company which
     preceded the July 15, 1998 filing date of the bankruptcy petition of the
     Company and (2) does not have a material adverse effect on the business or
     prospects of the Company taken as a whole or (B) which is based primarily
     upon the Executive's own actions, but excluding any indictment based upon
     an allegation of vicarious liability on the part of the Executive, with
     vicarious liability meaning liability which is based on actions of the
     Company for which the Executive is alleged to be responsible solely as a
     result of his offices with the Company and in which he was not directly
     involved and of which he did not have prior knowledge.

          (d)  By Executive Other Than for Good Reason.  The Executive may,
without liability to the Company, terminate his employment hereunder at any time
other than for Good Reason, upon thirty (30) days' written notice to the
Company.

          (e)  By the Company Without Cause.  The Company may, subject to
Section 7(d) hereof, terminate the Executive's employment hereunder at any time
upon thirty (30) days' written notice to the Executive.

          (f)  Notice of Termination.  Any termination of employment under this
Agreement by the Company or by the Executive shall be communicated by Notice of
Termination to the other party hereto.  For purposes of this Agreement, a
"Notice of Termination" means a written notice which (i) indicates the specific
termination provision in this

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Agreement relied upon, (ii) sets forth in reasonable detail, if applicable, the
facts and circumstances claimed to provide a basis for termination of the
Executive's employment under the provision so indicated, and (iii) specifies the
Date of Termination (as defined below). The failure by the Executive or Company
to set forth in the Notice of Termination any fact or circumstance which
contributes to a showing of the basis for termination shall not waive any right
of such party hereunder or preclude such party from asserting such fact or
circumstance in enforcing his or its rights hereunder.

          (g)  Date of Termination.  "Date of Termination" means the date
specified in the Notice of Termination; provided, however, that if the
Executive's employment is terminated by reason of death or Disability, the Date
of Termination shall be the date of death of the Executive or the Disability
Effective Date, as the case may be.

     7.   Obligations of the Company Upon Termination.

          (a)  Death.  If the Executive's employment is terminated by reason of
the Executive's death, this Agreement shall terminate without further
obligations to the Executive's legal representatives under this Agreement, other
than those obligations accrued or earned and vested (if applicable) by the
Executive as of the Date of Termination, including, but not limited to, (i) the
Executive's Base Salary through the Date of Termination at the rate in effect on
the Date of Termination disregarding any reduction in Base Salary in violation
of this Agreement and (ii) any other rights and benefits (including, without
limitation, payments due pursuant to Section 5(a) or Section 5(b) of this
Agreement) available to the Executive under employee compensation and benefit
arrangements of the Company (without duplication) in which the Executive was a
participant on the Date of Termination, determined in accordance with the
applicable terms and provisions of such arrangements (such amounts specified in
clauses (i) and (ii) being hereinafter referred to as "Accrued Obligations").

          (b)  Disability.  If the Executive's employment is terminated by
reason of the Executive's Disability, this Agreement shall terminate without
further obligations to the Executive, other than those obligations accrued or
earned and vested (if applicable) by the Executive as of the Date of
Termination, including, but not limited to, all Accrued Obligations.

          (c)  Cause; Other Than Good Reason.  If the Executive's employment
shall be terminated by the Company for Cause or by the Executive other than for
Good Reason, this Agreement shall terminate without further obligations to the
Executive, other than those obligations accrued or earned and vested (if
applicable) by the Executive through the Date of Termination, including, but not
limited to, all Accrued Obligations.

          (d)  Good Reason; Other Than for Cause or Disability.  If the Company
shall terminate the Executive's employment other than for Cause or Disability,
or if the Executive shall terminate his employment for Good Reason:

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          (i)  The Company shall cause the Executive to receive the aggregate of
     the following amounts:

               (A)  Continuation of Base Salary through the third anniversary of
          the Effective Date;

               (B)  Any options or stock awards previously granted and not yet
          vested as of the Date of Termination shall be fully vested
          immediately, and all options shall remain exercisable through the end
          of their original term;

               (C)  All unpaid and vested compensation and Benefits accrued or
          earned by the Executive as of the Date of Termination, including, but
          not limited to, all Accrued Obligations; and

               (D)  Any unpaid balance of the promotion bonus provided for by
          Section 4(d) of this Agreement.

          (ii)  Through the third anniversary of the Effective Date, or such
     longer period as any plan, program, practice or policy may provide, the
     Company shall continue benefits to the Executive and/or the Executive's
     family at least equal to those which would have been provided to them in
     accordance with Section 5(b) of this Agreement if the Executive's
     employment had not been terminated, including health insurance and life
     insurance.  Thereafter, the Executive shall be treated as a retired senior
     executive of the Company for purposes of Benefits provided by the Company
     to such retirees.

It is understood that the Executive's rights under this Section 7 are in lieu of
all other rights which the Executive may otherwise have had upon termination of
this Agreement, except his rights pursuant to the Change in Control Agreement
dated as of March 23, 1999 between the Company and the Executive, as amended,
(which rights shall be in lieu of his rights under this Section 7), and except
that no provision of this Agreement is intended to adversely affect the
Executive's rights under the Consolidated Omnibus Budget Reconciliation Act of
1985.

          (e)  Amendment of Change in Control Agreement.  The Change in Control
Agreement dated as of March 23, 1999 between the Company and the Executive (a
copy of which is attached hereto as Exhibit B) is hereby amended by modifying
the definition of "Employment Agreement" included in Section 7 of that Change in
Control Agreement to provide as follows:

               "Employment Agreement" shall mean that certain
               employment agreement between the Executive and
               the Company dated March 23, 1999, as amended
               and restated effective as of January 1, 2001.

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The Executive and the Company agree to execute such additional documentation of
the foregoing amendment as either party may reasonably request from time to
time.

     8.   Mitigation.  In no event shall the Executive be obligated to seek
other employment or take any other action by way of mitigation of the amounts
payable to the Executive under any of the provisions of this Agreement, and such
amounts shall not be reduced whether or not the Executive obtains other
employment.

     9.   Indemnification.  The Company shall maintain, for the benefit of the
Executive, director and officer liability insurance in form at least as
comprehensive as, and in an amount that is at least equal to, that maintained by
the Company on October 1, 1998.  The Executive's rights to such insurance shall
continue so long as the Company maintains director and office liability
insurance for any then current director or officer; provided that such insurance
shall in any event be maintained through December 31, 2005.  In addition, the
Executive shall be indemnified by the Company against liability as an officer of
the Company or any subsidiary or affiliate of the Company to the maximum extent
permitted by applicable law.

     10.  Confidential Information and Noncompetition.

          (a)  The Executive shall hold in a fiduciary capacity for the benefit
of the Company all secret or confidential information, knowledge or data
relating to the Company, or any of its subsidiaries, affiliates and businesses,
which shall have been obtained by the Executive pursuant to his employment by
the Company or any of its subsidiaries and affiliates and which shall not have
become public knowledge (other than by acts by the Executive or his
representatives in violation of this Agreement).  After termination of the
Executive's employment with the Company, the Executive shall not, without the
prior written consent of the Company, communicate or divulge any such
information, knowledge or data to anyone other than the Company and those
designated by it.  However, in no event shall an asserted violation of the
provisions of this Section 10 constitute a basis for deferring or withholding
any amounts otherwise payable to the Executive under this Agreement.

          (b)  During the Period of Employment and during the one (1)-year
period immediately following (i) the Company's termination of the Executive's
employment for Cause or (ii) the Executive's termination of his employment other
than for Good Reason, the Executive shall not, directly or indirectly, engage
in, be employed by, act as a consultant to, or be a director, officer, owner or
partner of, any business activity or entity which competes significantly and
directly with the Company or any of its subsidiaries in lines of business
conducted by the Company or its subsidiaries during the Period of Employment or,
for purposes of applying this noncompetition restriction after the Period of
Employment, in lines of business conducted by the Company or its subsidiaries as
of the Date of Termination and, in either event, in any geographic area in which
the Company or its subsidiaries engage in such business; provided, however, that
it shall not be a violation of this paragraph (b) for the Executive to continue
to serve in those

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current directorships which are disclosed to the Company by the Executive in
writing at the time of his execution of this Agreement; and provided further
that it shall not be a violation of this Agreement for the Executive to own an
interest of less than five percent (5%) in any entity whose ownership interests
are publicly traded.

     11.  Remedy for Violation of Section 10.  The Executive acknowledges that
the Company has no adequate remedy at law and will be irreparably harmed if the
Executive breaches or threatens to breach the provisions of Section 10 of this
Agreement and, therefore, agrees that the Company shall be entitled to
injunctive relief to prevent any breach or threatened breach of such section and
that the Company shall be entitled to specific performance of the terms of such
section in addition to any other legal or equitable remedy it may have.  Nothing
in this Agreement shall be construed as prohibiting the Company from pursuing
any other remedies at law or in equity that it may have or any other rights that
it may have under any other agreement.

     12.  Withholding.  Anything in this Agreement to the contrary
notwithstanding, all payments required to be made by the Company hereunder to
the Executive shall be subject to withholding of such amounts, at the time
payments are actually made to the Executive and received by him, relating to
taxes as the Company may reasonably determine it should withhold pursuant to any
applicable law or regulation.  In lieu of withholding such amounts, in whole or
in part, the Company may, in its sole discretion, accept other provision for
payment of taxes as required by law, provided that it is satisfied that all
requirements of law affecting its responsibilities to withhold such taxes have
been satisfied.

     13.  Arbitration.  Any dispute or controversy between the Company and the
Executive, whether arising out of or relating to this Agreement, the breach of
this Agreement, or otherwise, shall be settled by arbitration administered in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association ("AAA") then in effect, and judgment on the award rendered by the
arbitrator may be entered in any court having jurisdiction.  Any arbitration
shall be held before a single arbitrator who shall be selected by the mutual
agreement of the Company and the Executive, unless the parties are unable to
agree to an arbitrator, in which case, the arbitrator will be selected by the
then President of the Chicago Bar Association.  The arbitrator shall have the
authority to award any remedy or relief that a court of competent jurisdiction
could order or grant, including, without limitation, the issuance of an
injunction.  However, either party may, without inconsistency with this
arbitration provision, apply to any court having jurisdiction over such dispute
or controversy and seek interim provisional, injunctive or other equitable
relief until the arbitration award is rendered or the controversy is otherwise
resolved.  Except as necessary in court proceedings to enforce this arbitration
provision or an award rendered hereunder, or to obtain interim relief, or as
required by law, neither a party nor an arbitrator may disclose the existence,
content or results of any arbitration hereunder without the prior written
consent of the Company and the Executive.  The Company and the Executive
acknowledge that this Agreement evidences a transaction involving interstate
commerce.  Notwithstanding any choice of law provision included in this
Agreement the United

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States Federal Arbitration Act shall govern the interpretation and enforcement
of this arbitration provision. The arbitration proceeding shall be conducted in
Chicago, Illinois or such other location to which the parties may agree. The
Company shall pay the costs of any arbitrator appointed hereunder.

     14.  Reimbursement of Legal Expenses.  In the event that the Executive is
the prevailing party, or is successful to a material degree, in pursuing or
defending, whether in arbitration or litigation, any claim or dispute involving
the Executive's employment with the Company, including any claim or dispute
relating to (a) this Agreement, (b) termination of the Executive's employment
with the Company or (c) the failure or refusal of the Company to perform fully
in accordance with the terms hereof, the Company shall promptly reimburse the
Executive for all reasonable costs and expenses (including, without limitation,
attorneys' fees) relating solely, or allocable, to such claim.  In any other
case, the Executive and the Company shall each bear all their own costs and
attorneys' fees.

     15.  Taxes.  In the event that the aggregate of all payments or benefits
made or provided to, or that may be made or provided to, the Executive under
this Agreement and under all other plans, programs and arrangements of the
Company (the "Aggregate Payment") is determined to constitute an "excess
parachute payment," as such term is defined in Section 280G(b) of the Internal
Revenue Code, the Company shall pay to the Executive prior to the time any
excise tax imposed by Section 4999 of the Internal Revenue Code ("Excise Tax")
is payable with respect to such Aggregate Payment, an additional amount which,
after the imposition of all income and excise taxes thereon, is equal to the
Excise Tax on the Aggregate Payment.  The determination of whether the Aggregate
Payment constitutes an excess parachute payment and, if so, the amount to be
provided to the Executive and the time of payment pursuant to this Section 15
shall be made by an independent auditor (the "Auditor") jointly selected by the
Company and the Executive and paid by the Company.  The Auditor shall be a
nationally recognized United States public accounting firm which has not, during
the two (2) years preceding the date of its selection, acted in any way on
behalf of the Company or any affiliate thereof.  If the Executive and the
Company cannot agree on the firm to serve as the Auditor, then the Executive and
the Company shall each select one accounting firm and those two firms shall
jointly select the accounting firm to serve as the Auditor.  Notwithstanding the
foregoing, in the event that the amount of the Executive's Excise Tax liability
is subsequently determined to be greater than the Excise Tax liability with
respect to which any initial payment to the Executive under this Section 15 has
been made, the Company shall pay to the Executive an additional amount (grossed
up for all taxes), with respect to such additional Excise Tax (and any interest
and penalties thereon) at the time and in the amount reasonably determined by
the Auditor.  Similarly, if the amount of the Executive's Excise Tax liability
is subsequently determined to be less than the Excise Tax liability with respect
to which any prior payment to the Executive has been made under this Section 15,
the Executive shall refund to the Company the excess amount received, after
reduction for any nonrefundable tax, penalties and/or interest incurred by the
Executive in connection with the receipt of such excess, and such refund shall
be paid promptly after the Executive has received any corresponding refund of
excess Excise Tax paid to the

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Internal Revenue Service. The Executive and the Company shall cooperate with
each other in connection with any proceeding or claim relating to the existence
or amount of liability for Excise Tax, and all expenses incurred by the
Executive in connection therewith shall be paid by the Company promptly upon
notice of demand from the Executive.

     16.  Successors.

          (a)  This Agreement is personal to the Executive and, without the
     prior written consent of the Company, the Executive's rights hereunder
     shall not be assignable by the Executive otherwise than by will or the laws
     of descent and distribution. This Agreement shall inure to the benefit of
     and be enforceable by the Executive's heirs and legal representatives.

          (b)  This Agreement shall inure to the benefit of and be binding upon
     the Company and its successors and assigns.

          (c)  As used in this Agreement the term "Company" shall include any
     successor to the Company's business and/or assets as aforesaid which
     assumes and agrees to perform this Agreement by operation of law, or
     otherwise.  The Company shall require any successor (whether direct or
     indirect, by purchase, merger, reorganization, consolidation, acquisition
     of property or stock, liquidation, or otherwise) to all or a substantial
     portion of its assets, by agreement in form and substance reasonably
     satisfactory to the Executive, expressly to assume and agree to perform
     this Agreement in the same manner and to the same extent that the Company
     would be required to perform this Agreement if no such succession had taken
     place.

     17.  Representations.

          (a)  The Company represents and warrants that (i) the execution of
this Agreement has been duly authorized by the Company, including action of the
Board, (ii) the execution, delivery and performance of this Agreement by the
Company does not and will not violate any law, regulation, order, judgment or
decree or any agreement, plan or corporate governance document of the Company
and (iii) upon the execution and delivery of this Agreement by the Executive,
this Agreement shall be the valid and binding obligation of the Company,
enforceable in accordance with its terms, except to the extent enforceability
may be limited by applicable bankruptcy, insolvency or similar laws affecting
the enforcement of creditors' rights generally and by the effect of general
principles of equity (regardless of whether enforceability is considered in a
proceeding in equity or at law).

          (b)  The Executive represents and warrants to the Company that (i) the
execution, delivery and performance of this Agreement by the Executive does not
and will not violate any law, regulation, order, judgment or decree or any
agreement to which the Executive is a party or by which he is bound; (ii) the
Executive is not a party to or bound by any employment

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agreement, noncompetition agreement or confidentiality agreement with any other
person or entity that would interfere with this Agreement or his performance of
services hereunder; and (iii) upon the execution and delivery of this Agreement
by the Company, this Agreement shall be the valid and binding obligation of the
Executive, enforceable in accordance with its terms, except to the extent
enforceability may be limited by applicable bankruptcy, insolvency or similar
laws affecting the enforcement of creditors' rights generally and by the effect
of general principles of equity (regardless of whether enforceability is
considered in a proceeding in equity or at law).

     18.  Miscellaneous.

          (a)  This Agreement shall be governed by and construed in accordance
with the laws of the State of Illinois, without reference to principles of
choice of law.  The captions of this Agreement are not part of the provisions
hereof and shall have no force or effect.  This Agreement may not be amended or
modified otherwise than by a written agreement executed by the parties hereto or
their respective successors and legal representatives.

          (b)  All notices and other communications hereunder shall be in
writing and shall be given by hand delivery to the other party, by overnight
courier, or by registered or certified mail, return receipt requested, postage
prepaid, addressed as follows:

               If to the Executive:

               Mr. Jeffrey B. Weeden
               MFN Financial Corporation
               100 Field Drive, Suite 340
               Lake Forest, Illinois 60045

               If to the Company:

               MFN Financial Corporation
               100 Field Drive, Suite 340
               Lake Forest, Illinois 60045
               Attn: General Counsel

               with a copy to:

               Robert J. Stucker, Esq.
               Vedder, Price, Kaufman & Kammholz
               222 N. LaSalle Street
               Chicago, Illinois 60601

                                       12
<PAGE>

or to such other addresses as either party shall have furnished to the other in
writing in accordance herewith.  Notices and communications shall be effective
when actually received by the addressee, as evidenced by a delivery receipt.

          (c)  None of the provisions of this Agreement shall be deemed to be a
penalty.

          (d)  The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or unenforceability of any other
provision of this Agreement.

          (e)  Either party's failure to insist upon strict compliance with any
provision hereof shall not be deemed to be a waiver of such provision or any
other provision hereof.

          (f)  This Agreement supersedes any prior agreements or understandings,
written or oral, between the Company and the Executive (including the 1999
Employment Agreement) with respect to the Executive's employment by the Company
after December 31, 2000 and contains the entire understanding of the Company and
the Executive with respect to such employment; but the 1999 Employment
Agreement, as in effect prior to this Agreement, shall remain fully effective
with respect to the terms and conditions of the Executive's employment by the
Company prior to January 1, 2001.

          (g)  This Agreement may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

     IN WITNESS HEREOF, the parties have executed this Agreement all as of the
day and year first above written.

                                  MFN FINANCIAL CORPORATION

                                  _________________________________________
                                  Edward G. Harshfield, Chairman and Chief
                                   Executive Officer

                                  JEFFREY B. WEEDEN

                                  _________________________________________

                                       13
<PAGE>

                                   Exhibit A
                                   ---------

                             STOCK OPTION AGREEMENT
                             ----------------------

Jeffrey B. Weeden
President, Chief Operating Officer    __________, 2000

     In accordance with the terms of your Amended and Restated Employment
Agreement with MFN Financial Corporation (the "Company"), and in consideration
of the mutual covenants contained in that employment agreement and other good
and valuable consideration, you are hereby awarded a stock option with the
following terms and conditions:

     1.  Shares: This option is for a total of two hundred thousand (200,000)
shares of common stock of the Company.

     2.  Price: The option price under this option is $______________ per share.

     3.  When Exercisable: Your rights to purchase shares covered by this option
shall vest and be exercisable as set forth below and shall remain fully
exercisable by you (or by an authorized representative in the event of your
death or disability) throughout the term of this option, as described in Section
4, below, except as otherwise provided in Section 4:

          (a)  This option shall vest and be exercisable from and after
December 31, 2001 with respect to sixty-six thousand six hundred and sixty-seven
(66,667) shares.

          (b)  This option shall vest and be exercisable from and after
December 31, 2002 with respect to an additional sixty-six thousand six hundred
and sixty-seven (66,667) shares; and

          (c)  This option shall vest and be exercisable from and after
December 31, 2003 with respect to the remaining sixty-six thousand six hundred
and sixty-six (66,666) shares.

                                       1
<PAGE>

     The vesting of this option shall be subject to acceleration in accordance
with the terms of your employment agreement with the Company and your change in
control agreement with the Company.

     4.  Term. Any vested portion of this option shall remain in full force and
effect for a term of ten (10) years ending on _______________, 2010, without
regard to the termination of your employment with the Company; provided,
however, that if your employment with the Company is terminated by you other
than for Good Reason (as that term is defined in your Employment Agreement) or
if your employment with the Company is terminated by the Company for Cause (as
that term is defined in your Employment Agreement), the term of this option
shall end immediately upon such termination.

     5.  Manner of Exercise. You, or an authorized representative acting on your
behalf in the event of your death or disability, may exercise this option in
whole or in part, from time to time, by written notice delivered to the
Secretary of the Company, which includes the following:

          (a)  Your name, mailing address and Social Security number;

          (b)  The date of the notice;

          (c)  The number of shares with respect to which this option is being
exercised;

          (d)  The exercise price for the shares with respect to which this
option is being exercised;

          (e)  Payment, in accordance with Section 6, below, for the shares
being purchased; and

          (f)  Your signature or the signature of an authorized representative
acting on your behalf in the event of your death or disability.

     6.  Payment.  Payment under this option may be made in cash or by
transferring shares of the Company's common stock valued at fair market value at
the effective date of exercising this option, or a combination of both. Shares
of Company common stock so delivered

                                       2
<PAGE>

must have been held by you for at least six (6) months.  Shares shall be issued
promptly after full payment has been made.

     7.  Tax Withholding. Tax withholding is required upon exercising this
option in whole or in part. Payment of the minimum statutory payroll and
withholding taxes may be made in cash or, pursuant to your election, by
transferring shares of the Company's common stock or the withholding of shares
to be issued, or any combination of cash, shares and withholding of shares. Any
election to use or withhold shares must be made in accordance with applicable
tax and securities laws and established administrative procedures and shall be
subject to disapproval by the Company for failure to comply with such laws and
procedures.

     8.  Transferability.  Your rights to purchase shares pursuant to this
option are  transferable by you from time to time, in whole or in part, to
members of your immediate family or to trusts or partnerships formed for your
benefit or the benefit of members of your immediate family.  Such transfer may
be effected by delivering to the Treasurer of the Company a written notice
identifying the transferee(s) and the portion of the option which is being
transferred to each transferee.

     9.  Adjustment. In the event of any change in the common stock of the
Company through stock dividends, stock splits, recapitalization,
reclassification or otherwise, or in the event that any other stock shall be
substituted for the present common stock of the Company as the result of any
merger, consolidation or reorganization, then the Board of Directors of the
Company (or a committee thereof) shall make appropriate adjustment or
substitution in the number, kind and/or price of the shares subject to this
option, so as to preserve the overall value of this option.  In connection with
any merger, consolidation or reorganization in which the present common stock of
the Company is converted into the right to receive only cash, the Board of
Directors may require you to tender your options to the Company for cash in an
amount equal to the positive difference, if any, between the cash price per
share in such merger, consolidation or reorganization and the exercise price per
share of such options.

                                       3
<PAGE>

     10.  Registration of Shares. The Company shall take such reasonable efforts
as may be necessary to cause any shares to be issued in connection with this
option to be registered under the Federal Securities Act of 1933, as amended, or
under applicable state securities laws, or to secure an appropriate exemption
from such registration.

     11.  Nonstatutory Stock Option. This option shall be a nonstatutory stock
option and is not to be treated as an incentive stock option within the meaning
of Section 422 of the Internal Revenue Code of 1986, as amended.

                              MFN FINANCIAL CORPORATION

                              _________________________________________
                              Edward G. Harshfield, Chairman and Chief
                                Executive Officer

Accepted and agreed to this___
day of _______________, 2000.

____________________________
Jeffrey B. Weeden

                                       4<PAGE>   1
EXHIBIT 4.4  Offer letter to change the terms of certain warrants expiring
             March 14, 2001

January 31, 2001

Re:  Warrants to Purchase Common Stock of
     Meridian Medical Technologies, Inc.

Dear _____________:

According to our records, you currently hold Warrant No. _____to purchase
_____shares of our common stock (the "Common Stock") at an exercise price of
$8.33, per share (the "Warrant"). Your Warrant expires on March 14, 2001.

By its terms, your Warrant requires that you pay, by check or wire transfer, an
amount equal to the exercise price of your Warrant multiplied by the number of
shares then being purchased if you choose to exercise your Warrant (the
"Purchase Price"). The Board of Directors has authorized a change in the terms
of your Warrant that would allow you to pay the Purchase Price due upon exercise
of your Warrant by surrendering the right to receive a portion of the shares of
Common Stock to be purchased on exercise (the "Amendment"). This feature will
only be available to you if you choose to accept the Amendment. The Amendment
will modify Section 3 of your Warrant as well as the Notice of Exercise attached
as Exhibit 1 to your Warrant. The revised Section 3 and Notice of Exercise will
read as shown in the attached Exhibits A and B. All other terms and conditions
of your Warrant will remain the same.

We are not advising any Warrantholder with respect to the tax, financial
reporting disclosures, or other consequences of the Amendment. Warrantholders
are not to construe the contents of this notice or any prior or subsequent
communications with the Company or any of its officers, directors, employees or
representatives as legal or tax advice or as information necessarily applicable
to a Warrantholder's particular financial situation. Each Warrantholder should
make his, her or its own decision about whether to accepts the Amendment and
should consult his, her or its own financial advisor, counsel and accountant as
to tax and related matters concerning the Amendment. Furthermore, Warrantholders
other than institutions should also consider the financial and reporting
consequences of the Amendment.

<PAGE>   2

January 31, 2001
Page 2

If you choose to accept the Amendment and the subsequent changes to your
Warrant, please countersign this letter and return it to the Company to the
attention of Tiffany Roebuck, Assistant Corporate Secretary. You may also return
the documents to us by fax at (410) 309-1691. Please feel free to contact Mike
McGuire at (410) 309-1459 if you have any questions with respect to the
Amendment.

Sincerely,

James H. Miller
Chairman, President
   Chief Executive Officer

AGREED AND ACCEPTED:
WARRANTHOLDER

By:                                 ____________________________
Name:                               ____________________________
Title:                              ____________________________

<PAGE>   3

                                                                       EXHIBIT A
                                                        (for financing warrants)

                             AMENDMENT TO SECTION 3

    3.   Exercise of Warrant.

        (a)     Method of Exercise; Payment. Subject to Section 1 hereof, the
purchase right represented by this Warrant may be exercised by the Holder, in
whole or in part, by the surrender of this Warrant (with the notice of exercise
form attached hereto as Exhibit 1 duly executed) at the principal office of the
Company and by the payment to the Company, by check or wire transfer, of an
amount equal to the Warrant Price per share multiplied by the number of shares
then being purchased; provided, however, that the Holder may exercise this
Warrant in whole or in part by the surrender of this Warrant to the Company,
with the notice of exercise marked to reflect "Net Issue Exercise" and
specifying the number of shares of Common Stock to be purchased and upon such
Net Issue Exercise, the Holder shall be entitled to pay the exercise price for
Common Stock purchased hereunder by surrendering to the Company the right to
receive a portion of the number of shares of Common Stock with respect to which
this Warrant is then being exercised equal to the product obtained by
multiplying such number of shares of Common Stock by a fraction, the numerator
of which is the Warrant Price in effect on the date of such exercise and the
denominator of which is the Current Market Price per share (as defined below) of
the Common Stock on such date. For the purposes of this section, the Current
Market Price per share of Common Stock as of the Date of Exercise shall be the
last reported sales price regular way or, in case no such reported sale takes
place on such date, the closing bid price regular way, in either case on the
principal national securities exchange (including, for purposes hereof, the
Nasdaq National Market) on which the Common Stock is listed or admitted to
trading or, if the Common Stock is not listed or admitted to trading on any
national securities exchange, the highest reported bid price of the Common Stock
as furnished by the National Association of Securities Dealers, Inc. though
Nasdaq, or a similar organization if Nasdaq is no longer reporting such
information. If on any such date the Common Stock is not listed or admitted to
trading on any national securities exchange and is not quoted by Nasdaq or any
similar organization, the fair value of a share of Common Stock on such date, as
determined in good faith by the board of directors of the Company, whose
determination shall be conclusive absent manifest error, shall be used. The Date
of Exercise shall be the last trading day preceding the date on which the
Company receives the notice of exercise and this Warrant at the Company's
headquarters.

        (b)     Issuance of Shares; Issuance of New Warrant. The Company agrees
that the shares so purchased shall be deemed to be issued to the Holder as the
record owner of such shares as of the close of business on the date on which
this Warrant shall have been surrendered and payment made for such shares as
aforesaid. In the event of any exercise of this Warrant, certificates for the
shares of stock so purchased shall be delivered to the Holder within 15 days
thereafter and, unless this Warrant has been fully exercised or expired, a new
Warrant representing the portion of the shares, if any, with respect to which
this Warrant shall not then have been exercised, shall also be issued to the
Holder within such 15 day period.

<PAGE>   4

                                                                       EXHIBIT B

                               NOTICE OF EXERCISE

TO:     MERIDIAN MEDICAL TECHNOLOGIES, INC.

        1.      The undersigned hereby elects to purchase ____ shares of Common
Stock of MERIDIAN MEDICAL TECHNOLOGIES, INC. pursuant to the terms of the
attached Warrant, and tenders herewith payment of the purchase price of such
shares in full as provided by such Warrant.

                [ ]     Check Box for Net Issue Exercise

        2.      Please issue a certificate or certificates representing said
shares of Common Stock in the name of the undersigned or in such other name as
is specified below:

                              ---------------------
                                     (Name)

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

                              ---------------------
                                    (Address)

        3.      THE UNDERSIGNED REPRESENTS THAT THE AFORESAID SHARES OF COMMON
STOCK ARE BEING ACQUIRED FOR THE ACCOUNT OF THE UNDERSIGNED FOR INVESTMENT AND
NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, THE DISTRIBUTION THEREOF
AND THAT THE UNDERSIGNED HAS NO PRESENT INTENTION OF DISTRIBUTING OR RESELLING
SUCH SHARES.

                                    ----------------------------
                                    Signature

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