Document:

<PAGE>   1

                                                                    Exhibit 10.2

                                 PROMISSORY NOTE
                                 ---------------

$3,500,000.00                           Chicago, Illinois;                , 2000
                                                           ---------------

         FOR VALUE RECEIVED, the undersigned (the "Borrower") hereby promises to
pay to the order of FLEET BUSINESS CREDIT CORPORATION, a Delaware corporation
("LENDER"), the principal sum of THREE MILLION FIVE HUNDRED THOUSAND AND NO/100
DOLLARS ($3,500,000.00) or, if less, the aggregate unpaid principal amount as
may be outstanding pursuant to the Loan Agreement (as hereinafter defined),
together with interest on the unpaid principal amount of this Note outstanding
from time to time. Capitalized terms used herein and not otherwise defined
herein shall have the meanings given such terms in the Loan Agreement.

         This Note evidences the Loan made pursuant to that certain Loan and
Security Agreement, dated as of the date hereof, among Borrower and Lender (the
"LOAN AGREEMENT"), and is entitled to the benefit and security of the
Collateral, to which reference is hereby made for a statement of all of the
terms and conditions under which the Loan is made. The principal amount of the
indebtedness evidenced hereby shall be payable in installments in the amounts
and on the dates specified in the Loan Agreement and, if not sooner paid in
full, on the Maturity Date. Interest thereon shall be paid until such principal
amount is paid in full at such interest rates and at such times as are specified
in the Loan Agreement.

         All payments of principal and interest under this Note shall be made in
lawful money of the United States of America in immediately available funds at
the Lender's office at One South Wacker Drive, Chicago, Illinois 60606, or at
such other place as may be designated by Lender to Borrower in writing. All
parties hereto, whether as makers, endorsers or otherwise, severally waive
presentment, demand, protest and notice of dishonor in connection with this
Note. This Note is governed by the internal laws of the State of Illinois.

WITNESSES:                                    WM LIMITED PARTNERSHIP-1998, a
                                              Michigan limited partnership

                                              By:   S & Q Management, LLC, its
                                                    General Partner

                                       1<PAGE>   1

                                                                    Exhibit 10.1

                 SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

                  This Sixth Amendment to Loan and Security Agreement (the
         "Sixth Amendment") is made as of this __ day of August, 2000 by and
         between

                  Fleet Retail Finance Inc., formerly known as BankBoston Retail
         Finance Inc. (in such capacity, herein the "Agent"), a Delaware
         corporation with offices at 40 Broad Street, Boston, Massachusetts
         02109, as agent for the ratable benefit of the "Lenders", who are party
         to the Agreement (defined below)

                                       and

                  Back Bay Capital Funding LLC, a Delaware Limited Liability
         Company with offices at 40 Broad Street, Boston, Massachusetts 02109
         (the "Term Lender")

                                       and

                  Drug Emporium, Inc. (hereinafter, the "Borrower"), a Delaware
         corporation with its principal executive offices at 155 Hidden Ravines
         Drive, Powell, Ohio 43065

in consideration of the mutual covenants herein contained and benefits to be
derived herefrom.

                              W I T N E S S E T H:

         WHEREAS, on October 28, 1998 the Agent, the Lenders and the Borrower
entered in a certain Loan and Security Agreement, as amended by a First
Amendment to Loan and Security Agreement dated May 11, 1999, a Second Amendment
to Loan and Security Agreement dated September 15, 1999, a Third Amendment to
Loan and Security Agreement dated December 10, 1999, a Fourth Amendment to Loan
and Security Agreement dated March 8, 2000, and a Fifth Amendment to Loan and
Security Agreement dated May 10, 2000 (the "Agreement"); and

         WHEREAS, the Borrower, the Agent, the Lenders, and the Term Lender
desire to amend certain of the provisions of the Agreement;

         NOW, THEREFORE, it is hereby agreed among the Agent, the Lenders, the
Term Lender, and the Borrower as follows:

1. CAPITALIZED TERMS. All capitalized terms used herein and not otherwise
defined

                                      -1-
<PAGE>   2

shall have the same meaning herein as in the Agreement.

2.

3. AMENDMENT TO ARTICLE 1. Article 1 of the Agreement is hereby amended by
deleting the definition of "Libor Margin" and replacing it with the following:

4.

5.

         "LIBOR MARGIN":   (a) Until Section (b) of this Definition is in
                  effect: 250 basis points.

                           (b) Commencing February, 2001, the Libor Margin shall
                  be reset monthly (commencing with the Business Day after the
                  Agent's receipt of the Pricing Certificate (Section ) for
                  loans initiated on or after the date when so set, that is to
                  say Libor contracts in effect at the time of
                  increases/decreases in margin will remain at the margin
                  originally utilized when the contract was opened. The margin
                  in effect at a given time will apply to contracts opened at
                  that time, and shall be based upon the following pricing grid:

                            LIBOR MARGIN PRICING GRID

<TABLE>
<CAPTION>
      ------------ -------------------------------- --------------------------------- ------------------
      TIER         FIXED CHARGE RATIO               TRAILING/ROLLING 12 MONTH         MARGIN (BASIS
                                                    AVERAGE EXCESS AVAILABILITY       POINTS)
      ------------ -------------------------------- --------------------------------- ------------------
<S>                <C>                              <C>                               <C>
      I            Equal or Greater than 1.7        Equal or Greater than             125
                                                    $20,000,000.00
      ------------ -------------------------------- --------------------------------- ------------------
      II           Equal or Greater than 1.7        Less than $20,000,000.00          150
      ------------ -------------------------------- --------------------------------- ------------------
      III          less than 1.7 and greater than   N/A                               150
                   1.25
      ------------ -------------------------------- --------------------------------- ------------------
      IV           less than 1.25 and greater       N/A                               200
                   than 1.0
      ------------ -------------------------------- --------------------------------- ------------------
      V            less than or equal to 1.0        N/A                               250
      ------------ -------------------------------- --------------------------------- ------------------
</TABLE>

1. AMENDMENT TO ARTICLE 2A. Section 2A-4(a) of the Agreement is hereby amended
to read as follows:

2.

         2A-4. INTEREST ON THE TERM LOAN.

         (a) The unpaid principal balance of the Term Loan shall bear interest,
         until repaid, fixed at 15.25% per annum, payable as follows:

                                      -2-
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                  (i) Interest on the unpaid principal balance of the Term Loan,
                  equal to 12.75% per annum ("CURRENT PAY INTEREST") shall be
                  payable monthly in arrears, on the first day of each month,
                  and on the Term Loan Maturity Date.

                  (i) Accrued Interest on the unpaid principal balance of the
                  Term Loan, equal to 2.5% per annum ("PIK INTEREST") , shall be
                  added to the then unpaid principal balance of the Term Note
                  quarterly, on the first day of each April, July, October, and
                  January hereafter.

         (a) Following the occurrence of any Event of Default (and whether or
         not Acceleration has taken place), at the direction of the Term Lender,
         Current Pay Interest shall be 14.75% per annum and PIK Interest shall
         remain at 2.5% per annum.

1. WAIVER OF COMPLIANCE WITH SECTIONS 4-18, 4-19, 4-20 AND 4-23. The Lenders
waive compliance by the Borrower with the terms of Sections 4-18, 4-19, 4-20 and
4-23 of the Agreement in connection with the investments in and/or loans to be
made in connection with the continued operation of Borrower's commerce business
("E-Commerce", which term includes DrugEmporium.com Inc. and the business to be
carried on by it), including without limitation, any amount invested in,
advanced to or paid or incurred by or on behalf of E-Commerce up to a maximum
aggregate amount of $30,500,00.00. An additional amount not to exceed
$1,500,000.00 may be invested in, advanced to or paid or incurred by or on
behalf of E-Commerce for a period ending 60 days from the date of this
Amendment. Thereafter, no further amounts shall be advanced to E-COMMERCE
directly or indirectly, including by way of any additional trade support.

2.

3. REVOLVING CREDIT AMENDMENT FEE. As compensation for the Revolving Credit
Lenders' having committed to enter into this Sixth Amendment the Borrower shall
pay to the Agent for the benefit of the Revolving Credit Lenders, at closing, an
amendment fee in the amount of $110,000.00.

4.

5. TERM LOAN AMENDMENT FEE. As compensation for the Term Lender's having
committed to enter into this Sixth Amendment the Borrower shall pay to the Agent
for the benefit of the Term Lender, at closing, an amendment fee in the amount
of $12,500.00.

6.

7. RATIFICATION OF LOAN DOCUMENTS. Except as provided herein, all terms and
conditions of the Agreement and of the other Loan Documents remain in full force
and effect. Furthermore, except as provided herein, all warranties and
representations made in the Agreement and in the other Loan Documents remain in
full force and

                                      -3-
<PAGE>   4

effect.

8.

9. CONDITIONS TO EFFECTIVENESS. This Sixth Amendment shall not be effective
until each of the following conditions precedent have been fulfilled to the
satisfaction of the Agent and the Lenders:

10.

         (a) This Sixth Amendment shall have been duly executed and delivered by
         the all necessary parties hereto.

         (a) No Suspension Event shall have occurred and be continuing.

         (a) The Borrower shall have provided such additional instruments and
         documents to the Agent as the Agent and the Agent's counsel may have
         reasonably requested.

         (a) The Agent shall promptly notify the Borrower when such conditions
         are satisfied.

         (a) The Borrower shall have paid to the Agent for the account of the
         Revolving Credit Lenders and the Term Lender, the respective Amendment
         Fees.

         (a) The Borrower shall have furnished the Agent with corporate
         resolutions authorizing the execution of this Amendment and the
         documents contemplated herein.

1.       MISCELLANEOUS.

2.

         (a) This Sixth Amendment may be executed in several counterparts and by
         each party on a separate counterpart, each of which when so executed
         and delivered shall be an original, and all of which together shall
         constitute one instrument.

         (a) This Sixth Amendment expresses the entire understanding of the
         parties with respect to the transactions contemplated hereby. No prior
         negotiations or discussions shall limit, modify, or otherwise affect
         the provisions hereof.

         (a) Any determination that any provision of this Sixth Amendment or any
         application hereof is invalid, illegal or unenforceable in any respect
         and in any instance shall not effect the validity, legality, or
         enforceability of such provision in any other instance, or the
         validity, legality or enforceability of any other provisions of this
         Sixth Amendment.

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<PAGE>   5

(a)      The Borrower shall pay on demand all costs and expenses of the Agent,
         including, without limitation, reasonable attorneys' fees, in
         connection with the preparation, negotiation, execution and delivery of
         this Sixth Amendment.

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         (a) The Borrower warrants and represents that the Borrower has
         consulted with independent legal counsel of the Borrower's selection in
         connection with this Sixth Amendment and is not relying on any
         representations or warranties of any Lender or the Agent or their
         respective counsel in entering into this Sixth Amendment.

         IN WITNESS WHEREOF, the parties have caused this Sixth Amendment to
Loan and Security Agreement to be executed by their duly authorized officers as
a sealed instrument as of the date first above written.

                                    DRUG EMPORIUM, INC.
                                    ("Borrower")

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

                                    FLEET RETAIL FINANCE INC.
                                    ("Agent")

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

                                The "LENDERS"

                                    FLEET RETAIL FINANCE INC.

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

                                      -6-
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                                    NATIONAL CITY COMMERCIAL FINANCE, INC.

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

                                    AMERICAN NATIONAL BANK AND
                                    TRUST COMPANY OF CHICAGO

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

                                    LASALLE BUSINESS CREDIT, INC.

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

                                    BACK BAY CAPITAL FUNDING LLC

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

                                      -7-

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