Document:

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                                                                    EXHIBIT 10.1

                REVOLVING PROMISSORY NOTE FOR DISCRETIONARY LOANS
                                  (this "NOTE")

U.S. $15,000,000.00                                      April 11, 2002 ("DATE")

FOR VALUE RECEIVED, WORLDWIDE FLIGHT SERVICES, INC. ("BORROWER,") a Delaware
corporation, promises to pay to the order of JPMORGAN CHASE BANK ("BANK") on or
before March 31, 2003 (the "TERMINATION DATE"), at its banking house at 712 Main
Street, Houston, Harris County, Texas, or at such other location as Bank may
designate, in lawful money of the United States of America, the lesser of: (i)
the principal sum of FIFTEEN MILLION AND 00/100 UNITED STATES DOLLARS (U.S.
$15,000,000.00) (the "MAXIMUM LOAN TOTAL"); or (ii) the aggregate unpaid
principal amount of all loans made by Bank (each such loan being a "LOAN"),
which may be outstanding on the Termination Date. Each Loan shall be due and
payable on the maturity date agreed to by Bank and Borrower with respect to such
Loan (the "MATURITY DATE"). In no event shall any Maturity Date fall on a date
after the Termination Date. Subject to the terms and conditions of this Note and
the Loan Documents, Borrower may borrow, repay and reborrow all or any part of
the credit provided for herein at any time before the Termination Date, there
being no limitation on the number of Loans made so long as the total unpaid
principal amount at any time outstanding does not exceed the Maximum Loan Total.

BANK IS NOT OBLIGATED IN ANY WAY TO MAKE ANY LOANS UNDER THIS NOTE, AND ANY
LOANS SHALL BE AT BANK'S SOLE AND ABSOLUTE DISCRETION.

This Note is issued to evidence Loans outstanding from time to time pursuant to
an UNCOMMITTED discretionary line of credit extended by Bank to Borrower
pursuant to that certain letter agreement dated April 11, 2002 between Borrower
and Bank (the "LETTER AGREEMENT"). All capitalized terms used herein and not
otherwise defined shall have the meaning assigned to them in the Letter
Agreement.

   "ADJUSTED LIBOR RATE" means a per annum interest rate determined by Bank by
   dividing: (i) the LIBOR Rate by (ii) Statutory Reserves provided that
   Statutory Reserves is greater than zero, otherwise Adjusted LIBOR Rate means
   a per annum interest rate equal to the LIBOR Rate. "LIBOR RATE" means with
   respect to any LIBOR Loan for any Interest Period the interest rate
   determined by Bank by reference to Page 3756 of the Dow Jones Market Service
   (or on any successor or substitute page of such service, or any successor to
   or substitute for such service, providing rate quotations comparable to those
   currently provided on such page of such service, as determined by Bank from
   time to time for purposes of providing quotations of interest rates
   applicable to dollar deposits in the London interbank market) to be the rate
   at approximately 11:00 a.m. London time, two Business Days prior to the
   commencement of such Interest Period for the offering by Bank's London
   office, of dollar deposits in an amount comparable to such LIBOR Loan with a
   maturity comparable to such Interest Period.

   "BOARD" means the Board of Governors of the Federal Reserve System of the
   United States.

   "BORROWING DATE" means any Business Day on which Bank shall make or continue
   a Loan hereunder.

   "BUSINESS DAY" means a day: (i) on which Bank and commercial banks in New
   York City are generally open for business; and (ii) with respect to LIBOR
   Loans, on which dealings in United States Dollar deposits are carried out in
   the London interbank market.

   "HIGHEST LAWFUL RATE" means the maximum nonusurious rate of interest from
   time to time permitted by applicable law. To the extent that Texas law
   determines the Highest Lawful Rate, the Highest Lawful Rate is the weekly
   rate ceiling as defined in the Texas Finance Code Chapter 303. Bank may from
   time to time, as to current and future balances, elect and implement any
   other ceiling under such statutes and/or revise the index, formula or
   provisions of law used to compute the rate on this open-end account by notice
   to Borrower, if and to the extent permitted by, and in the manner provided in
   applicable law.

   "INTEREST PERIOD" means the period commencing on the Borrowing Date and
   ending on the Maturity Date, consistent with the following provisions. The
   duration of each Interest Period shall be: (a) in the case of a Prime Rate
   Loan, a period of up to the Termination Date unless any portion thereof is
   converted to a LIBOR Loan hereunder; and (b) in the case of a LIBOR Loan, a
   period of one, two, three or six months; in each case as selected by Borrower
   and agreed to by Bank. Borrower's choice of Interest Period is subject to the
   following limitations: (i) No Interest Period shall end on a date after the
   Termination Date; and (ii) If the last day of an Interest Period would be a
   day other than a Business Day, the Interest Period shall end on the next
   succeeding Business Day (unless the Interest Period relates to a LIBOR Loan
   and the next succeeding Business Day is in a different calendar month than
   the day on which the Interest Period would otherwise end, in which case the
   Interest Period shall end on the next preceding Business Day).

   "LIBOR LOAN" means a Loan which bears interest at a rate determined by
   reference to the Adjusted LIBOR Rate.

   "LOAN DOCUMENTS" means this Note, the Letter Agreement and any document or
   instrument evidencing, securing, guaranteeing or given in connection with
   this Note.

   "OBLIGATIONS" means all principal, interest and other amounts which are or
   become owing under this Note or any other Loan Document.

   "OBLIGOR" means Borrower and any guarantor, surety, co-signer, general
   partner or other person who may now or hereafter be obligated to pay all or
   any part of the Obligations.

   "PRIME RATE" means the rate determined from time to time by Bank as its prime
   rate. The Prime Rate shall change automatically from time to time without
   notice to Borrower or any other person. THE PRIME RATE IS A REFERENCE RATE
   AND MAY NOT BE BANK'S LOWEST RATE.

   "PRIME RATE LOAN" means a Loan which bears interest at a rate determined by
   reference to the Prime Rate.

   "STATUTORY RESERVES" means the difference (expressed as a decimal) of the
   number one minus the aggregate of the maximum reserve percentages (including,
   without limitation, any marginal, special, emergency, or supplemental
   reserves) expressed as a decimal established by the Board and any other
   banking authority to which Bank is subject to, with respect to the LIBOR
   Rate, for Eurocurrency Liabilities (as defined in Regulation D of the Board).
   Such reserve percentages shall include, without limitation, those imposed
   under such Regulation D. LIBOR Loans shall be deemed to constitute
   Eurocurrency Liabilities and as such shall be deemed to be subject to such
   reserve requirements without benefit of or credit for proration, exceptions
   or offsets which may be available from time to time to any bank under such
   Regulation D. Statutory Reserves shall be adjusted automatically on and as of
   the effective date of any change in any reserve percentage.

SUBJECT TO THE TERMS AND CONDITIONS OF THIS NOTE, THE LETTER AGREEMENT AND THE
LOAN DOCUMENTS, BORROWER MAY REQUEST LOANS AND BANK MAY AT BANK'S SOLE AND
ABSOLUTE DISCRETION MAKE A LOAN AND PERMIT BORROWER TO BORROW, REPAY AND
RE-BORROW UP TO THE MAXIMUM AMOUNT (AS DEFINED IN THE LETTER AGREEMENT) AT
BANK'S SOLE DISCRETION AT ANY TIME BEFORE THE TERMINATION DATE, THERE BEING NO
LIMITATION ON THE NUMBER OF LOANS MADE AT BANK'S SOLE DISCRETION SO LONG AS THE
TOTAL UNPAID PRINCIPAL AMOUNT AT ANY TIME OUTSTANDING DOES NOT EXCEED THE
MAXIMUM AMOUNT.

         Any Loans made hereunder, in Bank's sole and absolute discretion, may
be either Prime Rate Loans or LIBOR Loans. Borrower shall pay interest on the
unpaid principal amount of each Prime Rate Loan at a rate per annum equal to the
lesser of: (i) the Prime Rate in effect from time to time (the "EFFECTIVE PRIME
RATE"); or (ii) the Highest Lawful Rate. Accrued interest

                                Page 1 of 3 Pages
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on each Prime Rate Loan is due and payable quarterly beginning on July 15, 2002
and continuing on the fifteenth (15th) day of each third month thereafter and at
the Maturity Date. Borrower shall pay interest on the unpaid principal amount of
each LIBOR Loan for the Interest Period with respect thereto at a rate per annum
equal to the lesser of: (i) the Adjusted LIBOR Rate plus one and one quarter of
one percent (1.25%) (the "EFFECTIVE LIBOR RATE"); or (ii) the Highest Lawful
Rate. Accrued interest on each LIBOR Loan is due on the last day of each
Interest Period applicable thereto, and in the case of an Interest Period in
excess of three months, on each day which occurs every three months after the
initial date of such Interest Period, and on any prepayment (on the amount
prepaid).

         If at any time the effective rate of interest which would otherwise be
payable on any Loan evidenced by this Note exceeds the Highest Lawful Rate, the
rate of interest to accrue on the unpaid principal balance of such Loan during
all such times shall be limited to the Highest Lawful Rate, but any subsequent
reductions in such interest rate shall not become effective to reduce such
interest rate below the Highest Lawful Rate until the total amount of interest
accrued on the unpaid principal balance of such Loan equals the total amount of
interest which would have accrued if the Effective Prime Rate, or Effective
LIBOR Rate, whichever is applicable, had at all times been in effect.

         Each LIBOR Loan shall be in an amount not less than $1,000,000.00 and
an integral multiple of $500,000.00. Each Prime Rate Loan shall be in an amount
not less than $500,000.00 and an integral multiple of $250,000.00. Interest on
all Loans shall be computed on the basis of the actual number of days elapsed
and a year comprised of 360 days, unless such calculation would result in a
usurious interest rate, in which case such interest shall be calculated on the
basis of a 365 or 366 day year, as the case may be.

         The unpaid principal balance of this Note at any time will be the total
amounts advanced by Bank, less the amount of all payments or prepayments of
principal. Absent manifest error, the records of Bank will be conclusive as to
amounts owed.

         Loans shall be made on Borrower's irrevocable notice to Bank, given not
later than 12:00 NOON (Houston time) on, in the case of LIBOR Loans, the third
Business Day prior to the proposed Borrowing Date or, in the case of Prime Rate
Loans, not later than 1:00 P.M. (Houston time) on the proposed Borrowing Date.
Each notice of a requested borrowing (a "NOTICE OF REQUESTED BORROWING") under
this paragraph may be oral or written, and shall specify: (i) the requested
amount; (ii) proposed Borrowing Date; (iii) whether the requested Loan is to be
a Prime Rate Loan or LIBOR Loan; and (iv) Interest Period for the LIBOR Loan. If
any Notice of Requested Borrowing shall be oral, Borrower shall deliver to Bank
prior to the Borrowing Date a confirmatory written Notice of Requested
Borrowing.

         Borrower may on any Business Day prepay the outstanding principal
amount of any Prime Rate Loan, in whole or in part. Partial prepayments shall be
in an aggregate principal amount of $500,000.00 or a greater integral multiple
of $250,000.00. Borrower shall have no right to prepay any LIBOR Loan.

         Provided that no Event of Default has occurred and is continuing,
Borrower may elect to continue all or any part of any LIBOR Loan beyond the
expiration of the then current Interest Period relating thereto by providing
Bank at least three Business Days written or telecopy notice of such election,
specifying the Loan or portion thereof to be continued and the Interest Period
therefor and whether it is to be a Prime Rate Loan or LIBOR Loan provided that
any continuation as a LIBOR Loan shall not be less than $1,000,000.00 and shall
be in an integral multiple of $500,000.00. If an Event of Default shall have
occurred and be continuing, Borrower shall not have the option to elect to
continue any such LIBOR Loan or to convert Prime Rate Loans into LIBOR Loans.
Provided that no Event of Default has occurred and is continuing, Borrower may
elect to convert any Prime Rate Loan at any time or from time to time to a LIBOR
Loan by providing Bank at least three Business Days written or telecopy notice
of such election, specifying each Interest Period therefor. Any conversion of
Prime Rate Loans shall not result in a borrowing of LIBOR Loans in an amount
less than $1,000,000.00 and in integral multiples of $500,000.00.

         In the event any LIBOR Loan shall mature and Borrower shall not provide
timely notice of an election to continue or change its rate election as to that
Loan as heretofore provided, then Bank at Bank's sole option shall be entitled
to (1) continue the LIBOR Loan for another Interest Period of like duration to
the Interest Period maturing, (2) convert the LIBOR Loan to a Prime Rate Loan,
or (3) otherwise provide for continuation of the Loan in accordance with Bank's
then prevailing practices for loans of similar type and tenor; in each case,
such action by Bank deemed in all respects to be as if in response to an actual
Notice of Requested Borrowing.

         If at any time Bank determines in good faith (which determination shall
be conclusive) that any change in any applicable law, rule or regulation or in
the interpretation, application or administration thereof makes it unlawful, or
any central bank or other governmental authority asserts that it is unlawful,
for Bank or its foreign branch or branches to maintain any LIBOR Loan by means
of dollar deposits obtained in the London interbank market (any of the above
being described as a "LIBOR EVENT"), then, at the option of Bank, the aggregate
principal amount of all LIBOR Loans outstanding shall be prepaid; however the
prepayment may be made at the sole option of the Bank with a Prime Rate Loan.
Upon the occurrence of any LIBOR Event, and at any time thereafter so long as
such LIBOR Event shall continue, the Bank may exercise its aforesaid option by
giving written notice thereof to Borrower.

         If Bank determines after the date of this Note that any change in
applicable laws, rules or regulations regarding capital adequacy, or any change
in the interpretation or administration thereof by any appropriate governmental
agency, or compliance with any request or directive to Bank regarding capital
adequacy (whether or not having the force of law) of any such agency, increases
the capital required to be maintained with respect to any Loan and therefore
reduces the rate of return on Bank's capital below the level Bank could have
achieved but for such change or compliance (taking into consideration Bank's
policies with respect to capital adequacy), then Borrower will pay to Bank from
time to time, within 15 days of Bank's request, any additional amount required
to compensate Bank for such reduction. Bank will request any additional amount
by delivering to Borrower a certificate of Bank setting forth the amount
necessary to compensate Bank. The certificate will be conclusive and binding,
absent manifest error. Bank may make any assumptions, and may use any
allocations of costs and expenses and any averaging and attribution methods,
which Bank in good faith finds reasonable.

         If any domestic or foreign law, treaty, rule or regulation (whether now
in effect or hereinafter enacted or promulgated, including Regulation D of the
Board) or any interpretation or administration thereof by any governmental
authority charged with the interpretation or administration thereof (whether or
not having the force of law): (a) changes, imposes, modifies, applies or deems
applicable any reserve, special deposit or similar requirements in respect of
any Loan or against assets of, deposits with or for the account of, or credit
extended or committed by, Bank; or (b) imposes on Bank or the interbank
eurocurrency deposit and transfer market or the market for domestic bank
certificates or deposit any other condition affecting any such Loan; and the
result of any of the foregoing is to impose a cost to Bank of agreeing to make,
funding or maintaining any such Loan or to reduce the amount of any sum
receivable by Bank in respect of any such Loan, then Bank may notify Borrower in
writing of the happening of such event and Borrower shall upon demand pay to
Bank such additional amounts as will compensate Bank for such costs as
determined by Bank. Without prejudice to the survival of any other agreement of
Borrower under this Note, the obligations of Borrower under this paragraph shall
survive the termination of this Note.

         Borrower will indemnify Bank against, and reimburse Bank on demand for,
any loss, cost or expense incurred or sustained by Bank (including without
limitation any loss, cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by Bank to fund or maintain
LIBOR Loans) as a result of: (a) any payment or prepayment (whether permitted by
Bank or required hereunder or otherwise) of all or a portion of any LIBOR Loan
on a day other than the Maturity Date of such Loan; (b) any payment or
prepayment, whether required hereunder or otherwise, of any LIBOR Loan made
after the delivery of a Notice of Requested Borrowing but before the applicable
Borrowing Date if such payment or prepayment prevents the proposed Loan from
becoming fully effective; or (c) the failure of any LIBOR Loan to be made by
Bank due to any action or inaction of Borrower. Such funding losses and other
costs and expenses shall be calculated and billed by Bank and such bill shall,
as to the costs incurred, be conclusive absent manifest error.

                                Page 2 of 3 Pages
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         All past-due principal and interest on this Note, will, at Bank's
option, bear interest at the Highest Lawful Rate, or if applicable law does not
provide for a maximum nonusurious rate of interest, at a rate per annum equal to
the Prime Rate plus five percent (5%).

         In addition to all principal and accrued interest on this Note,
Borrower agrees to pay: (a) all reasonable costs and expenses incurred by Bank
and all owners and holders of this Note in collecting this Note through probate,
reorganization, bankruptcy or any other proceeding; and (b) reasonable
attorney's fees if and when this Note is placed in the hands of an attorney for
collection.

         If any Event of Default occurs as defined in the Letter Agreement, then
Bank may do any or all of the following: (i) cease making Loans hereunder; (ii)
declare the Obligations to be immediately due and payable, without notice of
acceleration or of intention to accelerate, presentment and demand or protest or
notice of any kind, all of which are hereby expressly waived; (iii) set off, in
any order, against the Obligations any debt owing by Bank to any Obligor,
including, but not limited to, any deposit account, which right is hereby
granted by each Obligor to Bank; and (iv) exercise any and all other rights
under the Loan Documents, at law, in equity or otherwise. Nothing in this Note
is intended to waive or vary the duties of Bank or the rights of any Obligor in
violation of Section 9.602 of the Texas Business and Commerce Code.

         No waiver of any default is a waiver of any other default. Bank's delay
in exercising any right or power under any Loan Document is not a waiver of such
right or power.

         Each Obligor severally waives notice, demand, presentment for payment,
notice of nonpayment, notice of intent to accelerate, notice of acceleration,
protest, notice of protest, and the filing of suit and diligence in collecting
this Note and all other demands and notices, and consents and agrees that its
liabilities and obligations will not be released or discharged by any or all of
the following, whether with or without notice to it or any other Obligor, and
whether before or after the stated maturity hereof: (i) extensions of the time
of payment; (ii) renewals; (iii) acceptances of partial payments; (iv) releases
or substitutions of any collateral or any Obligor; and (v) failure, if any, to
perfect or maintain perfection of any security interest in any collateral. Each
Obligor agrees that acceptance of any partial payment will not constitute a
waiver and that waiver of any default will not constitute waiver of any prior or
subsequent default.

         Where appropriate the neuter gender includes the feminine and the
masculine and the singular number includes the plural number.

         Chapter 346 of the Finance Code (which regulates certain revolving loan
accounts) shall not apply to this Note or to any Loan evidenced by this Note.

         This Note is governed by Texas law. If any provision of this Note is
illegal or unenforceable, that illegality or unenforceability will not affect
the remaining provisions of this Note. For purposes of this Note, any assignee
or subsequent holder of this Note will be considered the "Bank," and each
successor to Borrower will be considered the "Borrower."

         Each Borrower and cosigner represents that if it is not a natural
person, it is duly organized and validly existing and in good standing under the
laws of the state of its incorporation or organization; has full power to own
its properties and to carry on its business as now conducted; is duly qualified
to do business and is in good standing in each jurisdiction in which the nature
of the business conducted by it makes such qualification desirable; and has not
commenced any dissolution proceedings. Each Borrower and cosigner represents
that if it conducts business under an assumed business or professional name it
has properly filed Assumed Name Certificate(s) in the office(s) required by
Chapter 36 of the Texas Business and Commerce Code. Each of the persons signing
below as Borrower or cosigner represents that he/she has full requisite power
and authority to execute and deliver this Note to Bank on behalf of the party
for whom he/she signs and to bind such party to the terms and conditions of this
Note and that this Note is enforceable against such party.

JURY TRIAL WAIVER. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, BORROWER AND
BANK HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHT TO TRIAL
BY JURY THAT BORROWER OR BANK MAY HAVE IN ANY ACTION OR PROCEEDING, IN LAW OR IN
EQUITY, IN CONNECTION WITH THIS NOTE OR THE OBLIGATIONS. BORROWER REPRESENTS AND
WARRANTS THAT NO REPRESENTATIVE OR AGENT OF BANK HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT BANK WILL NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THIS
RIGHT TO JURY TRIAL WAIVER. BORROWER ACKNOWLEDGES THAT BANK HAS BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE PROVISIONS OF THIS WAIVER.

BANK IS NOT OBLIGATED IN ANY WAY TO MAKE ANY LOANS UNDER THIS NOTE, AND ALL
LOANS SHALL BE AT BANK'S SOLE AND ABSOLUTE DISCRETION. NOTHING IN THIS NOTE OR
ANY OTHER AGREEMENTS, DOCUMENTS, INSTRUMENTS, CERTIFICATES OR OTHER WRITINGS
EXECUTED OR DELIVERED IN CONNECTION WITH OR PURSUANT TO THE TERMS OF ANY OF THE
FOREGOING, THE DISCRETIONARY LINE OF CREDIT OR THIS NOTE IS INTENDED TO BE OR TO
BE CONSTRUED AS A COMMITMENT ON THE PART OF BANK TO MAKE ANY LOAN. BANK MAY
REFUSE TO MAKE ANY LOAN AT ANY TIME NOT WITHSTANDING THAT NO EVENT OF DEFAULT
HAS OCCURRED OR EXISTS OR THAT BANK HAS MADE LOANS HEREUNDER UNDER SIMILAR
CIRCUMSTANCES. BANK MAY, FOR ANY REASON OR NO REASON AT ALL, REFUSE TO MAKE ANY
LOAN UNDER THIS NOTE. Borrower has executed and delivered this Note to evidence
Loans that may be made under a discretionary line of credit and for ease of
administering Loans that Bank may make in its sole discretion to Borrower.

         NO COURSE OF DEALING BETWEEN BORROWER AND BANK, NO COURSE OF
PERFORMANCE, NO TRADE PRACTICES, AND NO EXTRINSIC EVIDENCE OF ANY NATURE MAY BE
USED TO CONTRADICT OR MODIFY ANY TERM OF THIS NOTE OR ANY OTHER LOAN DOCUMENT.

         THIS NOTE AND THE OTHER WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

         THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

IN WITNESS WHEREOF, Borrower has executed this Note effective the day, month and
year first aforesaid.

BORROWER: WORLDWIDE FLIGHT SERVICES, INC.

By: /s/ JEAN-FRANCOISE GOUEDARD
   -----------------------------------------

Name: Jean-Francoise Gouedard
     ---------------------------------------

Title: President and Chief Operating Officer
      --------------------------------------

(Bank's signature is provided as its acknowledgment of the above as the final
written agreement between the parties and its agreement with the Jury Trial
Waiver.)

JPMORGAN CHASE BANK

By: /s/ ERIC JUDD
   ------------------------------------------

Name: Eric Judd
     ----------------------------------------

Title: Senior Vice President
      ---------------------------------------

                                Page 3 of 3 Pages<PAGE>
                                                                    EXHIBIT 10.2

              SECURITY AGREEMENT - ACCOUNTS AND GENERAL INTANGIBLES
                               (THIS "AGREEMENT")

WORLDWIDE FLIGHT SERVICES, INC.
1001 West Euless Boulevard, Suite 320
Euless, Texas 76090

(whether one or more, "DEBTOR"), jointly and severally if more than one, each of
whose address pursuant to Section 3.(d) is set forth below under Debtor's name
if different than the address above, and JPMorgan Chase Bank whose principal
office in Texas is located at 712 Main Street, P. O. Box 2558, Houston, Harris
County, Texas 77252-2558 (together with its successors and assigns, "SECURED
PARTY"), agree as follows:

SECTION 1. DEFINITIONS. (a) "COLLATERAL" means all Accounts, all other
Intellectual Property and all Proceeds, together with all books and other
records of Debtor relating to the Collateral. "ACCOUNTS" means all accounts
(excluding inter-company receivables, affiliate receivables or non-trade
receivables), general intangibles, instruments, documents, investment property,
chattel paper, deposit accounts and other obligations of a financial institution
(including Secured Party) to Debtor, letter-of-credit rights, letters of credit,
moneys and all supporting obligations. "INTELLECTUAL PROPERTY" means goodwill,
trademarks, service marks, trade dress, trade names, trade secrets, copyrights,
inventions, patents, patent applications, licenses and other similar rights and
property whether recognized by common law, statute, treaty, rule, or regulation,
whether registered, unregistered, or pending and all infringement claims and
tort claims related to the foregoing. (b) "HIGHEST LAWFUL RATE" means the
maximum nonusurious rate of interest permitted to be charged by applicable
Federal or state law governing this Agreement (whichever permits the higher
lawful rate) from time to time in effect. To the extent that Texas law
determines the Highest Lawful Rate, the Highest Lawful Rate is the weekly rate
ceiling as defined in the Texas Finance Code Chapter 303. (c) "LIEN" means any
mortgage, pledge, charge, encumbrance, security interest, assignment or other
lien or restriction of any kind, whether based on common law, constitutional
provision, statute or contract. (d) "OBLIGATIONS" means all debts, obligations
and liabilities of every kind and character of Debtor, whether joint or several,
contingent or otherwise, now or hereafter existing in favor of Secured Party,
including without limitation all liabilities arising under or from any note,
open account, overdraft, letter of credit application, endorsement, surety
agreement, guaranty, interest rate swap or other derivative product, acceptance,
foreign exchange contract or depository service contract, whether payable to
Secured Party or to a third party and subsequently acquired by Secured Party.
Debtor and Secured Party specifically contemplate that Obligations include
indebtedness hereafter incurred by Debtor to Secured Party. (e) "PAST DUE RATE"
means the Highest Lawful Rate or if applicable law does not provide for a
maximum nonusurious rate, then 18%. (f) "PROCEEDS" means all products and
proceeds of all Collateral, including but not limited to all interest,
dividends, cash, instruments and other property now or hereafter received,
receivable or otherwise distributed in connection with the sale, lease, license,
exchange or other disposition of any of the Collateral. (g) "PROPER FORM" means
in form and substance satisfactory to Secured Party. (h) "SECURITY INTEREST"
means the Liens created by this Agreement. (i) "UCC" means the Texas Uniform
Commercial Code, as amended from time to time if this Agreement is governed by
Texas law, or the New York Uniform Commercial Code as amended from time to time
if this Agreement is governed by New York law. All terms defined in the UCC and
used in this Agreement shall have the same definitions herein as specified
therein unless otherwise defined in this Agreement.

SECTION 2. CREATION OF SECURITY INTEREST. To secure the payment and performance
of the Obligations, Debtor grants to Secured Party a security interest in,
pledges and assigns to Secured Party all Collateral owned by Debtor or in which
Debtor has rights or the power to transfer rights, and all Collateral in which
Debtor later acquires ownership, other rights or the power to transfer rights.

SECTION 3. DEBTOR'S REPRESENTATIONS. Debtor represents and warrants to Secured
Party the following: (a) Debtor is the sole and lawful owner of the Collateral,
free and clear of all Liens and adverse claims, and has the right and power to
assign and transfer the Collateral to Secured Party and to assign, pledge and
grant to Secured Party the Security Interest. No financing statement or similar
record covering the Collateral, other than in favor of Secured Party, is on file
in any public office. The Security Interest does not violate the rights of any
person. There are no restrictions on transfer, assignment or pledge of the
Collateral except as created by this Agreement. Debtor has obtained any consents
necessary to execute, deliver and perform its obligations under this Agreement
and for Secured Party to enforce the Security Interest. (b) This Agreement
constitutes the legal, valid and binding obligation of Debtor, enforceable in
accordance with its terms, except as may be limited by bankruptcy, insolvency
and other similar laws affecting creditors' rights generally. (c) The Collateral
and Debtor's use thereof comply with all applicable laws, rules and regulations.
(d) The address set forth in this Agreement is: (i) Debtor's principal
residence, if Debtor is an individual; (ii) Debtor's chief executive office, if
Debtor is not an individual and has more than one place of business; or (iii)
Debtor's place of business if Debtor is not an individual and has only one place
of business. (e) If Debtor is a registered organization, it is organized under
the laws of the state or foreign jurisdiction set forth under Debtor's
certification below. (f) If Debtor is an individual, Debtor's correct name is
set forth above in this Agreement. If Debtor is a registered organization,
Debtor's name as set forth above in this Agreement is its correct name as
indicated on the public record of Debtor's jurisdiction of organization which
shows Debtor to have been organized. If Debtor is neither a registered
organization nor an individual, the name of Debtor set forth in this Agreement
satisfies the requirements of the UCC for providing the name of Debtor in any
financing statement related hereto, including by example only, if Debtor is a
trust, the name of Debtor is the name specified for the trust in Debtor's
organic document and if Debtor is an organization other than a registered
organization, a trust or a decedent's estate and Debtor has a name, the name of
Debtor is the organizational name of Debtor. If Debtor uses any trade or assumed
names, Debtor has properly filed of record in the appropriate filing office all
those trade names and has delivered to Bank a list of all of Debtor's assumed or
trade names. (g) The Collateral is free from damage caused by fire or other
casualty. (h) No Account contains any provisions which (i) would prohibit,
restrict, require the consent of any person to, or impair the creation,
attachment, perfection or enforcement of the Security Interest, or (ii) provide
that the creation, attachment, perfection or enforcement of the Security
Interest may give rise to a default, breach, right of recoupment, claim,
defense, termination, right of termination or remedy thereunder. (i) No
Collateral is held by a bailee except as specified in an attached schedule. (j)
Upon the making of all filings and the taking of all other actions necessary to
perfect the Security Interest, this Agreement will create a valid and perfected
first priority Lien on the Collateral securing the Obligations.

SECTION 4. DEBTOR'S AGREEMENTS. (a) Debtor will warrant and defend its title in
and to the Collateral and the Security Interest against any adverse claimant.
(b) Debtor will promptly take all reasonable and appropriate steps to collect
the Accounts. Debtor will not agree to a material modification of the terms of
any Account without the written consent of Secured Party. (c) Notwithstanding
the Security Interest in Proceeds, Secured Party has not authorized Debtor to,
and Debtor agrees not to sell, lease, transfer, license, assign or otherwise
dispose of any interest in the Collateral, except as authorized in this
Agreement or in writing by Secured Party. Debtor will keep the Collateral
(including Proceeds) free from unpaid charges, including taxes and assessments,
and from all Liens other than those in favor of Secured Party. Debtor
understands that any sale, lease, license, transfer, pledge, assignment or other
disposition or encumbrance of the Collateral contrary to this Agreement would
violate the rights of Secured Party under this Agreement. (d) Secured Party may
require at any time that Debtor (i) deposit all payments on the Accounts and all
Proceeds in a special bank account over which Secured Party alone has power of
withdrawal and control, (ii) notify account debtors and other persons obligated
on the Collateral of Secured Party's Security Interest and that payment is to be
made directly to Secured Party or to any financial institution designated by
Secured Party as Secured Party's agent and bailee therefor, and Secured Party
may, itself, without notice to or demand upon Debtor, so notify account debtors
and other persons obligated on the Collateral. Debtor shall hold any Proceeds of
collection of Collateral received by Debtor as trustee for Secured Party without
commingling them with other funds of Debtor and shall turn them over to Secured
Party in the identical form received, together with any necessary endorsements,
assignments or agreements providing Secured Party with control, all in Proper
Form. Secured Party shall apply the Proceeds of collection of Accounts and other
Collateral received by Secured Party to the Obligations, such proceeds to be
credited after final payment in cash or other immediately available funds of the
items giving rise to them, or to be held as Collateral for the Obligations. (e)
Debtor will furnish Secured Party all records and other information Secured
Party may reasonably request. (f) Debtor will notify Secured Party promptly of
any event or condition that could have a significant effect on the aggregate
value of the Collateral or on the Security Interest. (g) Debtor will not change
Debtor's principal residence, chief executive office or any of its other
business locations without providing Secured Party 60 days' prior written
notice. Debtor will not change its legal identity, name, organizational
structure or the jurisdiction in which it is organized without the prior written
consent of Secured Party and shall notify Secured Party 60 days prior to a
request for consent of its intention or desire to so change. (h) Debtor will
keep accurate books and other records regarding the Collateral and will allow
Secured Party to inspect the Collateral and make test verifications of the
Collateral and make copies (including electronic copies) of Debtor's books and
records during regular business hours. (i) Debtor will not create any record or
records constituting chattel paper without placing a legend in Proper Form on
the record indicating the Security Interest of Secured Party in the chattel
paper and will not create more than one electronic record if the chattel paper
is electronic chattel paper. (j) Secured Party shall have the right at any time
to enforce Debtor's rights against any account debtor and other persons liable
on the Collateral. (k) Debtor has the risk of loss of

<PAGE>

the Collateral. (l) Debtor will not deposit any Proceeds into a deposit account
which is not maintained with Secured Party. (m) Debtor will promptly advise
Secured Party of any claims by or defenses of any account debtors or other
persons liable on the Collateral, which in the aggregate have a significant
effect on the value of the Collateral. (n) If any Collateral is located or
maintained with any bailee or person other than Debtor, Debtor will immediately
notify Secured Party and obtain the acknowledgement of the bailee or other
person that the Collateral is held for the benefit of Secured Party and Debtor
will, and will cause such bailee or other person to enter into a control
agreement in Proper Form with Secured Party. (o) Debtor will take any action
requested by Secured Party to establish and maintain control by Secured Party of
any Collateral consisting of deposit accounts, letter of credit rights and
investment property.

SECTION 5. FURTHER ASSURANCES. Debtor will promptly deliver to Secured Party any
Collateral that constitutes instruments, documents or chattel paper, and will
make a designation in Proper Form on all of its chattel paper, instruments and
documents to reflect the Security Interest and obtain any consents of any
account debtor or other person obligated on any Collateral for the enforcement
by Secured Party of its Security Interest. Secured Party may file this
Agreement, or any financing statements or amendments thereto or other record
wherever Secured Party believes necessary or appropriate to perfect the Security
Interest including but not limited to any official filing office, or in any
other recording, registration, or certificate-of-title system. The financing
statement or other record may (a) indicate the Collateral as being of an equal
or lesser scope or with greater detail than set forth in this Agreement and (b)
contain any other information required by the UCC or other law regarding the
notification of a Lien, assignment or other right to direct disposition, for the
sufficiency of the filing office's or other registrar's acceptance of any
financing statement or amendments thereto or other record including if Debtor is
an organization, the type of organization and any organization identification
number issued to Debtor. Debtor also ratifies its authorization for Secured
Party's filing of any financing statements covering the Collateral in any
jurisdiction prior to the date hereof. A photographic or other reproduction of
this Agreement or any financing statement relating to this Agreement will be
sufficient as a financing statement. Debtor will take such action as Secured
Party may at any time require to create, attach, perfect, protect, assure the
first priority of and to enforce the Security Interest.

SECTION 6. SECURED PARTY APPOINTED ATTORNEY-IN-FACT. Debtor authorizes and
irrevocably appoints Secured Party as Debtor's attorney-in-fact to take any
action and execute or otherwise authenticate any record or other documentation
that Secured Party considers necessary or advisable to accomplish the purposes
of this Agreement, including but not limited to the following actions: (1) to
endorse and collect all checks, drafts, other payment orders and instruments
representing or included in the Collateral or representing any payment, dividend
or distribution relating to any Collateral or to take any other action to
enforce, collect or compromise any of the Collateral; (2) to transfer any
Collateral into the name of Secured Party or its nominee or any broker-dealer
which may be an affiliate of Secured Party and to execute any control agreement
on Debtor's behalf and as attorney-in-fact for Debtor in order to perfect
Secured Party's first priority and continuing Security Interest in the
Collateral and in order to provide Secured Party with control of the Collateral,
and Debtor's signature on this Agreement or other authentication of this
Agreement shall constitute an irrevocable direction by Debtor to any bank,
custodian, broker-dealer, any other securities intermediary or commodity
intermediary holding any Collateral or any issuer of any letters of credit to
comply with the instructions or entitlement orders, as applicable, of Secured
Party without further consent of Debtor; (3) to exercise any right, privilege or
option pertaining to any Collateral, but Secured Party has no obligation to do
so; (4) to file any claims, take any actions or institute any proceedings which
Secured Party determines to be necessary or appropriate to collect or preserve
the Collateral or to enforce Secured Party's rights with respect to the
Collateral; (5) to execute in the name of or otherwise authenticate on behalf of
Debtor any record reasonably believed necessary or appropriate by Secured Party
for compliance with laws, rules or regulations applicable to any Collateral, or
in connection with exercising Secured Party's rights under this Agreement; (6)
to file any financing statement relating to this Agreement electronically, and
Secured Party's transmission of Debtor's name as part of any filing relating to
this Agreement will constitute Debtor's signature on and authentication of the
financing statement; and (7) to do and take any and all actions with respect to
the Collateral and to perform any of Debtor's obligations under this Agreement.
This appointment is irrevocable and coupled with an interest and shall survive
the death or disability of Debtor.

SECTION 7. COSTS AND EXPENSES. To the maximum extent not prohibited by
applicable law, Debtor will pay, or reimburse Secured Party for, all costs and
expenses of every character incurred from time to time in connection with this
Agreement and the Obligations, including costs and expenses incurred (a) for
recording any record in connection with this Agreement, and for any mortgage or
recording taxes, (b) to satisfy any obligation of Debtor under this Agreement or
to protect or preserve the Collateral, (c) in connection with the evaluation,
monitoring or administration of the Obligations or the Collateral (whether or
not an Event of Default has occurred) including any test verifications and
searches of any Lien or organization records, and (d) in connection with the
exercise of Secured Party's rights and remedies. Costs and expenses include
reasonable fees and expenses of outside counsel and other outside professionals
and charges imposed or allocated for the services of attorneys and other
professionals employed by Secured Party or its affiliates. Any amount owing
under this Section will be due and payable on demand and will bear interest from
the date of expenditure by Secured Party until paid at the Past Due Rate. If any
part of the Obligations is governed by the Consumer Restrictions (as defined in
Section 12), this Section is limited to the extent required by the Consumer
Restrictions with respect to those Obligations.

SECTION 8. WAIVERS. Debtor waives all suretyship defenses that may lawfully be
waived, including but not limited to notice of acceptance of this Agreement,
notice of the incurrence or acquisition of any Obligations, credit extended,
collateral received or delivered or other action taken in reliance on this
Agreement, notices and all other demands and notices of any description. With
respect to both Obligations and the Collateral, Debtor assents to any extension
or postponement of the time of payment or any other indulgence, to any
substitution, exchange or release of or failure to perfect a Lien in any
collateral, to the addition or release of any person primarily or secondarily
liable, to the acceptance of partial payment thereon and the settlement,
compromising or adjusting of any thereof, all in such manner and at such time or
times as Secured Party may deem advisable. To the extent not prohibited by
applicable law, Debtor further waives (i) diligence and promptness in preserving
liability of any person on the Obligations, and in collecting or bringing suit
to collect the Obligations; (ii) all rights, if any, of Debtor under Rule 31,
Texas Rules of Civil Procedure, or Chapter 34 of the Texas Business and Commerce
Code, or Section 17.001 of the Texas Civil Practice and Remedies Code; (iii) to
the extent Debtor is subject to the Texas Revised Partnership Act ("TRPA"),
compliance by Secured Party with Section 3.05(d) of TRPA; (iv) notice of
extensions, renewals, modifications, rearrangements and substitutions of the
Obligations; (v) failure to pay any of the Obligations as they mature, any other
default, adverse change in any obligor's or any Debtor's financial condition,
release or substitution of Collateral, subordination of Secured Party's rights
in any collateral, and every other notice of every kind. Nothing in this
Agreement is intended to waive or vary the duties of Secured Party or the rights
of Debtor or any obligor in violation of Section 9.602 of the UCC.

SECTION 9. DEFAULT. Each of the following events or conditions is an "EVENT OF
DEFAULT:" (a) Debtor fails to pay when due (or within any contractually agreed
grace period) any of the Obligations; (b) any event occurs that results in the
automatic acceleration of any Obligations or gives Secured Party the immediate
right to declare any of the Obligations due and payable in full prior to final
maturity; (c) any warranty, representation or statement contained in this
Agreement or made in connection with this Agreement or any of the Obligations
was false or misleading in any respect when made; (d) Debtor violates any
covenant, condition or agreement contained in this Agreement or any other
documentation relating to any of the Obligations; (e) any Collateral is lost,
stolen, substantially damaged, destroyed, abandoned, levied upon, seized or
attached; (f) Debtor conceals or removes any part of the Collateral with intent
to hinder, delay or defraud Secured Party; (g) Secured Party receives at any
time a report indicating that Secured Party's Security Interest is not prior to
all other Liens in the Collateral reflected in such report; or (h) Debtor fails
to comply with or becomes subject to any administrative or judicial proceeding
under any federal, state or local hazardous waste or environmental law, asset
forfeiture or similar law which may result in the forfeiture of property, or
other law where non-compliance may have a significant effect on the Collateral
or Debtor's ability to pay the Obligations. After an Event of Default occurs,
Secured Party may, without notice to any person, declare the Obligations to be
immediately due and payable. DEBTOR WAIVES DEMAND, PRESENTMENT AND ALL NOTICES,
INCLUDING WITHOUT LIMITATION NOTICE OF DISHONOR AND DEFAULT, NOTICE OF INTENT TO
ACCELERATE AND NOTICE OF ACCELERATION.

SECTION 10. SECURED PARTY'S RIGHTS AND REMEDIES. After an Event of Default
occurs, Secured Party will have all rights and remedies of a secured party after
default under the UCC and other applicable law, including without limitation,
the right to take possession of the Collateral, and for that purpose Secured
Party may, so far as Debtor can give authority therefor, enter upon any premises
on which any Collateral may be situated and lawfully remove any Collateral.
Secured Party may require Debtor to assemble the Collateral and make it
available at a reasonably convenient place Secured Party designates. Secured
Party may provide a copy of this Agreement to any account debtor or other person
liable on or having any interest in any Collateral. Except for the reasonable
safe custody of any Collateral in its possession and accounting for moneys
actually received by it and except as expressly provided in the UCC, Secured
Party will have no duty as to any Collateral, including any duty to preserve
rights against prior parties. Secured Party is not required to

<PAGE>

take possession of any Collateral prior to any sale, or to have any Collateral
present at any sale. Secured Party may sell part of the Collateral without
waiving its right to proceed against the remaining Collateral. If any sale is
not completed or is defective in the opinion of Secured Party, Secured Party may
make a subsequent sale of the same Collateral. Any bill of sale or other record
evidencing any foreclosure sale will be prima facie evidence of the factual
matters recorded therein. If a sale of Collateral is conducted in conformity
with customary practices of banks disposing of similar property, the sale will
be deemed commercially reasonable, but Secured Party will have no obligation to
advertise or to sell Collateral on credit. However, if Secured Party sells any
of the Collateral upon credit, Debtor will be credited only with payments
actually made by the purchaser, received by Secured Party and applied to the
indebtedness of the purchaser with respect to the sale. In the event the
purchaser fails to pay for the Collateral, Secured Party may resell the
Collateral and Debtor shall be credited with the proceeds of the sale. In
addition, Debtor waives any and all rights that Debtor may have to a judicial
hearing in advance of the enforcement of any of Secured Party's rights
hereunder, including without limitation, its rights following an Event of
Default to take immediate possession of the Collateral and to exercise its
rights with respect thereto. By exercising its rights, Secured Party will not
become liable for, and Debtor will not be released from, any of Debtor's duties
or obligations under the Accounts included in the Collateral. All remedies in
this Agreement are cumulative of any and all other legal, equitable or
contractual remedies available to Secured Party and any such remedies may be
exercised simultaneously or in any order as determined by Secured Party. Debtor
WAIVES any rights to a marshalling of assets or sale in inverse order of
alienation, and any rights to notice except as required by the UCC.

SECTION 11. STANDARDS FOR EXERCISING REMEDIES. To the extent that applicable law
imposes duties on Secured Party to exercise remedies in a commercially
reasonable manner, Debtor acknowledges and agrees that it is not commercially
unreasonable for Secured Party (a) to fail to incur expenses reasonably deemed
significant by Secured Party to prepare any Collateral for disposition, (b) to
fail to obtain third party consents for access to Collateral to be disposed of,
or to obtain or if not required by other law, to fail to obtain governmental or
third party consents for the collection or disposition of the Collateral to be
collected or disposed of, (c) to fail to exercise collection remedies against
account debtors or other persons obligated on Collateral or to remove Liens on
or any adverse claims against the Collateral, (d) to exercise collection
remedies against account debtors and other persons obligated on Collateral
directly or through the use of collection agencies and other collection
specialists, (e) to advertise dispositions of Collateral through publications or
media of general circulation, whether or not the Collateral is of a specialized
nature, (f) to contact other persons, whether or not in the same business as
Debtor, for expressions of interest in acquiring all or any portion of the
Collateral, (g) to hire one or more professional auctioneers to assist in the
disposition of Collateral, whether or not the Collateral is of a specialized
nature, (h) to dispose of Collateral by utilizing Internet sites that provide
for the auction of assets of the types included in the Collateral or that have
the reasonable capability of doing so, or that match buyers and sellers of
assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to
disclaim disposition warranties, (k) to purchase insurance or credit
enhancements to insure Secured Party against risks of loss, collection or
disposition of Collateral or to provide Secured Party a guaranteed return from
the collection or disposition of Collateral, (l) to the extent deemed
appropriate by Secured Party, to obtain the services of brokers, investment
bankers, consultants and other professionals (including Secured Party and its
affiliates) to assist Secured Party in the collection or disposition of any of
the Collateral or (m) to comply with any applicable state or federal law
requirement in connection with the disposition or collection of the Collateral.
Debtor acknowledges that this Section is intended to provide non-exhaustive
indications of what actions or omissions by Secured Party would not be
commercially unreasonable in Secured Party's exercise of remedies against the
Collateral and that other actions or omissions by Secured Party shall not be
deemed commercially unreasonable solely by not being included in this Section.
Without limitation upon the foregoing, nothing contained in this Section shall
be construed to grant any rights to Debtor or to impose any duties upon Secured
Party that would not have been granted or imposed by this Agreement or by
applicable law in the absence of this Section.

SECTION 12. ADDITIONAL AGREEMENTS. (a) For so long as any Obligations exist, or
Secured Party has any commitment to provide financing to any Debtor, or Secured
Party makes available a line of credit to any Debtor whether or not extensions
of credit under the line are at Secured Party's sole discretion, or Secured
Party has any obligation to purchase from or guarantee to any affiliate any
extension of credit to any Debtor, or Secured Party provides any banking
services to any Debtor and until Secured Party executes and delivers to Debtor
an authenticated termination statement, this Agreement will remain in effect.
(b) No modification or waiver of the terms of this Agreement will be effective
unless in writing and signed by Secured Party. Secured Party may waive any
default without waiving any other prior or subsequent default. Secured Party's
failure to exercise or delay in exercising any right under this Agreement will
not operate as a waiver of such right. No single or partial exercise of any
right under this Agreement will preclude any other or further exercise of that
right or any other right. (c) Any notice required or permitted under this
Agreement will be given in a record by United States mail, by hand delivery or
delivery service, by telegraphic, telex, telecopy or cable communication, or
electronic message via the Internet sent to the intended addressee at the
address shown in this Agreement, or to such different address as the addressee
designates by 10 days' prior notice to be the address for this Agreement. Notice
by United States mail will be effective when mailed. All other notices will be
effective when received. Written confirmation or electronic notification of
receipt will be conclusive. (d) If any provision of this Agreement is
unenforceable or invalid, that provision will not affect the enforceability or
validity of any other provision. If the application of any provision of this
Agreement to any person or circumstance is illegal or unenforceable, that
application will not affect the legality or enforceability of the provision as
to any other person or circumstance. (e) If more than one person executes this
Agreement as Debtor, their obligations under this Agreement are joint and
several, and the term Collateral includes any property described in Section 1
that is owned by any Debtor individually or jointly with any other Debtor, and
the term "Obligations" includes both several and joint obligations of each
Debtor. (f) The section headings in this Agreement are for convenience only and
shall not be considered in construing this Agreement. (g) This Agreement may be
executed or authenticated in any number of counterparts and by different parties
in separate counterparts, each of which will constitute one and the same
agreement. (h) This Agreement benefits Secured Party and its successors and
assigns and is binding on Debtor and Debtor's heirs, legal representatives,
successors and assigns and shall bind all who become bound as a debtor to this
Security Agreement. Secured Party may assign its rights and interests under this
Agreement. Debtor shall render performance under this Agreement to any
subsequent assignee. Debtor waives and will not assert against any assignee any
claims, defenses or set-off which Debtor could assert against Secured Party
except those which cannot legally be waived. (i) If any of the Obligations is
subject to Chapters 342 or 346 of the Texas Finance Code or Regulation AA of the
Board of Governors of the Federal Reserve System (collectively, the "CONSUMER
RESTRICTIONS") or is a consumer transaction, (1) nothing in this Agreement
waives any rights which cannot be legally waived under the Consumer Restrictions
or the UCC, and (2) Collateral securing Obligations subject to the Consumer
Restrictions does not include any assignment of wages or any non-possessory,
non-purchase money security interest in household goods. (j) This Agreement is
governed by the laws of the State of Texas. (k) Secured Party is executing this
Agreement for the purpose of acknowledging and agreeing to the following Jury
Trial Waiver, the notice given under Section 26.02 of the Texas Business and
Commerce Code and to comply with the waiver requirement of TRPA, and Secured
Party's failure to execute or authenticate this Agreement will not invalidate
this Agreement.

JURY TRIAL WAIVER. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, DEBTOR AND
SECURED PARTY HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHT
TO TRIAL BY JURY DEBTOR OR SECURED PARTY MAY HAVE IN ANY ACTION OR PROCEEDING,
IN LAW OR IN EQUITY, IN CONNECTION WITH THIS AGREEMENT OR THE OBLIGATIONS.
DEBTOR REPRESENTS AND WARRANTS THAT NO REPRESENTATIVE OR AGENT OF SECURED PARTY
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SECURED PARTY WILL NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THIS RIGHT TO JURY TRIAL WAIVER. DEBTOR
ACKNOWLEDGES THAT SECURED PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT
BY, AMONG OTHER THINGS, THE PROVISIONS OF THIS WAIVER.

THIS WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT OF THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.

Executed effective as of April 11, 2002.

Debtor certification for all non-individuals: Debtor certifies that it is
organized under the laws of the State of Delaware if a U.S. Debtor, and if not a
U.S. Debtor, the laws of _______________________.

<PAGE>

DEBTOR:  WORLDWIDE FLIGHT SERVICES, INC.

    SECTION 3.(d) ADDRESS (if different from the address set forth above):

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

BY:  /s/ Jean-Francois Gouedard                 TITLE: President & COO
--------------------------------------------------------------------------------

BY:                                             TITLE:
--------------------------------------------------------------------------------

Debtor certification for all non-individuals: Debtor certifies that it is
organized under the laws of the State of ______________________ if a U.S.
Debtor, and if not a U.S. Debtor, the laws of ___________________________.

DEBTOR:

    SECTION 3.(d) ADDRESS (if different from the address set forth above):

BY:                                             TITLE:
--------------------------------------------------------------------------------

BY:                                             TITLE:
--------------------------------------------------------------------------------

SECURED PARTY:    JPMorgan Chase Bank
                  712 Main Street
                  P. O. Box 2558
                  Houston, Texas 77252-2558

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

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