Document:

<PAGE>

<TABLE>
<S>                       <C>                       <C>                        <C>                   <C>
-------------------------------------------------------------------------------------------------------------------------
   LOAN NUMBER                    LOAN NAME               ACCT. NUMBER               NOTE DATE            INITIALS
    872000985                    Midwest Cable                                        11/04/99               BVS
                              Communications of
                                Arkansas, Inc.

   NOTE AMOUNT                INDEX (w/Margin)               RATE                  MATURITY DATE          LOAN PURPOSE
   $25,401.00                  Not Applicable               9.750%                     11/05/06            Commercial
                                                       Creditor Use Only
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                 PROMISSORY NOTE

                   (Commercial - Single Advance - Fixed Rate)
--------------------------------------------------------------------------------

DATE AND PARTIES. The date of this Promissory Note (Note) is November 4, 1999.
The Parties and their addresses are:

    LENDER:

        FIRST FINANCIAL BANK
        5106 S. Thompson
        Springdale, Arkansas 72764
        Telephone: (501) 872-1100

    BORROWER:

        MIDWEST CABLE COMMUNICATIONS OF ARKANSAS, INC.
        a Corporation
        2003 Carnes Drive
        Springdale, Arkansas 72762

1. DEFINITIONS. As used in this Note, the terms have the following meanings:

    A. Pronouns. The pronouns "I," "me," and "my" refer to each Borrower signing
    this Note, individually and together with their heirs, successors and
    assigns, and each other person or legal entity (including guarantors,
    endorsers, and sureties) who agrees to pay this Note. "You" and "Your" refer
    to the Lender, with its participants or syndicators, successors and assigns,
    or any person or company that acquires an interest in the Loan.

    B. Note. Note refers to this document, and any extensions, renewals,
    modifications and substitutions of this Note.

    C. Loan. Loan refers to this transaction generally, including obligations
    and duties arising from the terms of all documents prepared or submitted for
    this transaction such as applications, security agreements, disclosures or
    notes, and this Note.
    D. Property. Property is any property, real, personal or intangible, that
    secures my performance of the obligations of this Loan.

    E. Percent. Rates and rate change limitations are expressed as annualized
    percentages.

2. PROMISE TO PAY. For value received. I promise to pay you or your order at
your address, or at such other location as you may designate, the principal sum
of $25,401.00 (Principal) plus interest from November 4, 1999 on the unpaid
Principal balance until this Note matures or this obligation is accelerated.

3. INTEREST. Interest will accrue on the unpaid Principal balance of this Note
at the rate of 9.750 percent (Interest Rate).

    A. Interest After Default. If you declare a default under the terms of this
    Note, including for failure to pay in full at maturity, you may increase the
    Interest Rate otherwise payable as described in the INTEREST section. In
    such event, interest will accrue on the unpaid Principal balance of this
    Note at the Interest Rate in effect from time to time under the terms of
    this Note, until paid in full.

    B. Maximum Interest Amount. Any amount assessed or collected as interest
    under the terms of this Note or obligation will be limited to the Maximum
    Lawful Amount of interest allowed by state or federal law. Amounts collected
    in excess of the Maximum Lawful Amount will be applied first to the unpaid
    Principal balance. Any remainder will be refunded to me.

    C. Statutory Authority. The amount assessed or collected on this Note is
    authorized by Ark. Const. art. XIX, ss. 13(d)(i).

    D. Accrual. During the scheduled term of this Loan interest accrues using an
    Actual/365 days counting method.

4. ADDITIONAL CHARGES. As additional consideration. I agree to pay, or have
paid, certain additional fees and charges identified on other documents prepared
for this loan transaction or one or more of these fees and charges has been paid
or will be paid by a third party on my behalf.

5. GOVERNING AGREEMENT. This Note is further governed by the Commercial Loan
Agreement executed between you and me as part of this Loan, as modified, amended
or supplemented. Upon execution of this Note, I represent that I have reviewed
and am in compliance with the terms contained in the Commercial Loan Agreements.

6. PURCHASE MONEY LOAN. You may include the name of the seller on the check or
draft for this Note.

7. PAYMENT. I agreed to pay this Note on demand, but if no
demand is made, I agree to pay this Note in 84 payments. A payment of $418.60
will be due December 5, 1999, and on the 5th day of each month thereafter. A
final payment of the entire unpaid balance of Principal and interest will be due
November 5, 2006.

51094
<PAGE>

Payments will be rounded up to the nearest $.01. With the final payment, I also
agree to pay any additional fees or charges owing and the amount of any advances
you have made to others on my behalf. Payments scheduled to be paid on the 29th,
30th or 31st day of a month that contains no such day will, instead, be made on
the last day of such month.

Each payment I make on this Note will be applied first to interest that is due
then to principal that is due, and finally to any charges that I owe other than
principal and interest. If you and I agree to a different application of
payments, we will describe our agreement on this Note. The actual amount of my
final payment will depend on my payment record.

8. REMEDIAL CHARGES. In addition to interest or other finance charges, I agree
that I will pay certain additional fees based on my method and pattern of
payment.

    A. Late Charge. If a payment is more than 10 days late, I will be charged
    5.000 percent of the Unpaid Portion of Payment. I will pay this late charge
    promptly but only once for each late payment.

    B. Prepayment. I may prepay this Loan in full or in part at any time. Any
    partial prepayment will not excuse any later scheduled payments until I pay
    in full.

9. LOAN PURPOSE. The purpose of this Loan is purchase RV.

10. SECURITY. This Loan is secured by separate security instruments prepared
together with this Note as follows:

<TABLE>
<S>                                            <C>
Document Name                                  Parties to Document
Commercial Loan And Security Agreement         Midwest Cable Communications of Arkansas, Inc.
</TABLE>

11. ASSUMPTIONS. Someone buying the Property cannot assume the obligation. You
may declare the entire balance of the Note to be immediately due and payable
upon the creation of or contract for the creation of, any lien, encumbrance, or
transfer of the Property.

12. WAIVERS AND CONSENT. To the extent not prohibited by law. I waive protest,
presentment for payment, demand, notice of acceleration, notice of intent to
accelerate and notice of dishonor.

     A. Additional Waivers By Borrower. In addition, I, and any party to this
     Note and Loan, to the extent permitted by law, consent to certain actions
     you may take, and generally waive defenses that may be available based on
     these actions or based on the status of a party to this Note.

         (1) You may renew or extend payments on this Note regardless of the
         number of such renewals or extensions.

         (2) You may release any Borrower, endorser, guarantor, surety,
         accommodation maker or any other co-signer.

         (3) You may release, substitute or impair any Property securing this
         Note.

         (4) You, or any institution participating in this Note, may invoke your
         right of set-off.

         (5) You may enter into any sales, repurchases or participations of this
         Note to any person in any amounts and I waive notice of such sales,
         repurchases or participations.

         (6) I agree that any of us signing this Note as a Borrower is
         authorized to modify the terms of this Note or any instrument securing,
         guarantying or relating to this Note.

         (7) I agree that you may inform any party who guarantees this Loan of
         any Loan accommodations, renewals, extensions, modifications,
         substitutions or future advances.

     B. No Waiver By Lender. Your course of dealing, or your forbearance from,
     or delay in, the exercise of any of your rights, remedies, privileges or
     right to insist upon my strict performance of any provisions contained in
     this Note, or other Loan documents, shall not be construed as a waiver by
     you, unless any such waiver is in writing and is signed by you.

13. APPLICABLE LAW. This Note is governed by the laws of Arkansas, the United
States of America and to the extent required, by the laws of the jurisdiction
where the Property is located. In the event of a dispute, the exclusive forum,
venue and place of jurisdiction will be in Arkansas, unless otherwise required
by law.

14. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. My obligation to pay this
Loan is independent of the obligation of any other person who has also agreed to
pay it. You may sue me alone, or anyone else who is obligated on this Loan, or
any number of us together, to collect this Loan. Extending this Loan or new
obligations under this Loan, will not affect my duty under this Loan and I will
still be obligated to pay this Loan. The duties and benefits of this Loan will
bind and benefit the successors and assigns of you and me.

15. AMENDMENT, INTEGRATION AND SEVERABILITY. This Note may not be amended or
modified by oral agreement. No amendment or modification of this Note is
effective unless made in writing and executed by you and me. This Note is the
complete and final expression of the agreement. If any provision of this Note is
unenforceable, then the unenforceable provision will be severed and the
remaining provisions will still be enforceable.

16. INTERPRETATION. Whenever used, the singular includes the plural and the
plural includes the singular. The section headings are for convenience only and
are not to be used to interpret or define the terms of this Note.

17. NOTICE, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise
required by law, any notice will be given by delivering it or mailing it by
first class mail to the appropriate party's address listed in the DATE AND
PARTIES section, or to any other address designated in writing. Notice to one
party will be deemed to be notice to all parties. I will inform you in writing
of any change in my name, address or other application information. I agree to
sign, deliver, and file any additional documents or certifications that you may
consider necessary to perfect, continue, and preserve my obligations under the
Loan and to confirm your lien status on any Property. Time is of the essence.

18. CREDIT INFORMATION. I agree that from time to time you may obtain credit
information about me from others, including other lenders and credit reporting
agencies, and report to others (such as a credit reporting agency) your credit
experience with me. I agree that you will not be liable for any claim arising
from the use of information provided to you by others or for providing such
information to others.

19. SIGNATURES. By signing, I agree to the terms contained in this Note. I also
acknowledge receipt of a copy of this Note.

51094
<PAGE>

    BORROWER:

         Midwest Cable Communications of Arkansas, Inc.

           --------------------------
           Authorized Signor

    LENDER:

         First Financial Bank

           ---------------------------
           Ben V. Suddath, Consumer Loan Officer

51094<PAGE>
                    BARCODE - DOC64500000000000006280000000*

                                 REGIONS(R) BANK
                                 PROMISSORY NOTE

<TABLE>
<CAPTION>
----------------------- ---------------- ------------------ ------------- ------------- ---------------------- ----------- ---------
<S>                     <C>              <C>                <C>           <C>           <C>                    <C>         <C>
      Principal            Loan Date         Maturity         Loan No.     Call/Coll           Account           Officer    Initials
     $475,103.57          04-25-2001        04-25-2004         006280       590/4400         0862789-9002         2331
----------------------- ---------------- ------------------ ------------- ------------- ---------------------- ----------- ---------

References in the
shaded area are for
Lender's use and do
not limit the
applicability of
this document to any
particular loan or item.
Any item above containing
"***" has been omitted
due to text length
limitations.
------------------------------------------------------------------------------------------------------------------------------------
Borrower:       SMITHWELL DIRECTIONAL BORING INC                  Lender:  REGIONS BANK
                (SSN: 73-1560960)                                          ROGERS MAIN OFFICE
                13886 SAVOY RD                                             500 WEST WALNUT
                FAYETTEVILLE, AR 72704-8466                                ROGERS, AR 72756
====================================================================================================================================
</TABLE>

<TABLE>
<S>                <C>                      <C>                                          <C>
PRINCIPAL AMOUNT:  $475,103.57              INTEREST RATE:  8.750%                       DATE OF NOTE:  APRIL 25, 2001
</TABLE>

PROMISE TO PAY. SMITHWELL DIRECTIONAL BORING INC ("Borrower") promises to pay to
REGIONS BANK ("Lender"), or order, in lawful money of the United States of
America, the principal amount of Four Hundred Seventy Five Thousand One Hundred
Three & 57/100 Dollars ($475,103.57), together with interest at the rate of
8.750% per annum on the unpaid principal balance from April 25, 2001, until paid
in full.

PAYMENT. Borrower will pay this loan in 35 payments of $15,054.67 each payment
and an irregular last payment estimated at $15,054.86. Borrower's first payment
is due May 25, 2001, and all subsequent payments are due on the same day of each
month after that. Borrower's final payment will be due on April 25, 2004, and
will be for all principal and all accrued interest not yet paid. Payments
include principal and interest. Unless otherwise agreed or required by
applicable law, payments will be applied first to accrued unpaid interest, then
to principal, and any remaining amount to any unpaid collection costs and late
charges. Interest on this Notes is computed on a 365/365 simple interest basis;
that is, by applying the ratio of the annual interest rate over the number of
days in a year (366 during leap years), multiplied by the outstanding principal
balance, multiplied by the actual number of days the principal is outstanding.
Borrower will pay Lender at Lender's address shown above or at such other place
as Lender may designate in writing.

PREPAYMENT. Borrower may pay without penalty all or a portion of the amount owed
earlier than it is due. Early payments will not, unless agreed to by Lender in
writing, relieve Borrower of Borrower's obligation to continue to make payments
under the payment schedule. Rather, early payments will reduce the principal
balance due and may result in Borrower's making fewer payments. Borrower agrees
not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without
losing any of Lender's rights under this Note, and Borrower will remain
obligated to pay any further amount owed to Lender. All written communications
concerning disputed amounts, including any check or other payment instrument
that indicates the payment constitutes "payment in full" of the amount owed or
that is tendered with other conditions or limitations or as full satisfaction of
a disputed amount must be mailed or delivered to" REGIONS BANK, ROGERS MAIN
OFFICE, 500 WEST WALNUT, ROGERS, AR 72756.

LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged
5.000% of the unpaid portion of the regularly scheduled payment.

INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final
maturity, the total sum due under this Note will bear interest from the date of
acceleration or maturity at the interest rate on this Note. The interest rate
will exceed the maximum rate permitted by applicable law.

DEFAULT. Each of the following shall constitute an event of default ("Event of
Default") under this Note:

     PAYMENT DEFAULT. Borrower fails to make any payment when due under this
     Note.

     OTHER DEFAULTS. Borrower fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Note or in any of the
     related documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Borrower.

     DEFAULT IN FAVOR OF THIRD PARTIES. Borrower or any Grantor defaults under
     any loan, extension of credit, security agreement, purchase or a sales
     agreement, or any other agreement, in favor of any other creditor or person
     that may materially affect any of Borrower's property or Borrower's ability
     to repay this Note or perform Borrower's obligations under this Note or any
     of the related documents.

     FALSE STATEMENTS. Any warranty, representation or statement made or
     furnished to Lender by Borrower or on Borrower's behalf under this Note or
     the related documents is false or misleading in any material respect,
     either now or at the time made or furnished or becomes false or misleading
     at any time thereafter.

     INSOLVENCY. The dissolution or termination of Borrower's existence as a
     going business, the insolvency of Borrower, the appointment of a receiver
     for any part of Borrower's property, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Borrower.

     CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Borrower or by any
     governmental agency against any collateral securing the loan. This includes
     a garnishment of any of Borrower's accounts, including deposit accounts,
     with Lender. However, this Event of Default shall not apply of there is a
     good faith dispute by Borrower as to the validity or reasonableness of the
     claim which is the basis of the creditor or forfeiture proceeding and if
     Borrower gives Lender written notice to the creditor or forfeiture
     proceeding and deposits with Lender monies or a surety bond for the
     creditor or forfeiture proceeding, in an amount determined by Lender, in
     its sole discretion, as being an adequate reserve or bond for the dispute.

     EVENTS AFFECTING GUARANTOR. Any of the preceding events occur with respect
     to any Guarantor of any of the indebtedness or any Guarantor

51128
<PAGE>

     dies or becomes incompetent, or revokes or disputes the validity of, or a
     liability under, any guaranty of the indebtedness evidenced by this Note.
     In the event of a death, Lender, at its option, may, but shall not be
     required to, permit the Guarantor's estate to assume unconditionally the
     obligations arising under the guaranty in a manner satisfactory to Lender,
     and, in doing so, cure any Event of Default.

     CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent (25%)
     or more of the common stock of Borrower.

     ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
     condition, or Lender believes the prospect of payment or performance of
     this Note is impaired.

     INSECURITY. Lender in good faith believes itself insecure.

     CURE PROVISIONS. If any default, other than a default in payment is curable
     and if Borrower has not been given a notice of a breach of the same
     provision of this Note within the preceding twelve (12) months, it may be
     cured (and no event of default will have occurred) if Borrower, after
     receiving written notice from Lender demanding cure of such default: (1)
     cures the default within fifteen (15) days; or (2) if the cure requires
     more than fifteen (15) days, immediately initiates steps which Lender deems
     in Lender's sole discretion to be sufficient to cure the default and
     thereafter continues and completes all reasonable and necessary steps
     sufficient to produce compliance as soon as reasonably practical.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then
Borrower will pay that amount.

EXPENSES. If Lender institutes any suit or action to enforce any of the terms of
this Note, Lender shall be entitled to recover such sum as the court may adjudge
reasonable. Whether or not any court action is involved, and to the extent not
prohibited by law, all reasonable expenses Lender incurs that in Lender's
opinion are necessary at any time for the protection of its interest or the
enforcement of its rights shall become a part of the loan payable on demand and
shall bear interest at the Note rate from the date of the expenditure until
repaid. Expenses covered by this paragraph include, without limitation, however
subject to any limits under applicable law, Lender's expenses for bankruptcy
proceedings (including efforts to modify or vacate any automatic stay or
injunction), and appeals, to the extent permitted by applicable law. Borrower
also will pay any court costs, in addition to all other sums provided by law.

GOVERNING LAW. This Note will be governed by, and construed and enforced in
accordance with federal law and the laws of the State of

<PAGE>

                    BARCODE - DOC24000000000000006280000000*

                                 REGIONS(R) BANK
                     DISBURSEMENT REQUEST AND AUTHORIZATION

<TABLE>
<CAPTION>
----------------------- ---------------- ------------------ ------------- ------------- ----------------------- ---------- ---------
<S>                      <C>             <C>                <C>           <C>           <C>                     <C>        <C>
      Principal            Loan Date         Maturity         Loan No.     Call/Coll           Account           Officer    Initials
     $475,103.57          04-25-2001        04-25-2004         006280       590/4400         0862789-9002          2331
----------------------- ---------------- ------------------ ------------- ------------- ----------------------- ---------- ---------
References in the
shaded area are for
Lender's use and do
not limit the
applicability of this
document to any
particular loan or
item. Any item above
containing "***" has
been omitted due to
text length
limitations.
--------------- --------------------------------------------- ------------ ---------------------------------------------------------
Borrower:       SMITHWELL DIRECTIONAL BORING INC                  Lender:  REGIONS BANK
                (SSN: 73-1560960)                                          ROGERS MAIN OFFICE
                13886 SAVOY RD                                             500 WEST WALNUT
                FAYETTEVILLE, AR 72704-8466                                ROGERS, AR 72756
====================================================================================================================================
</TABLE>

LOAN TYPE. This is a Fixed Rate (8.750%) Nondisclosable Loan to a Corporation
for $475,103.57 due on April 25, 2004.

PRIMARY PURPOSE OF LOAN. The Primary purpose of this loan is for:

         |_|  Personal, Family, or Household Purposes or Personal Investment.

         |X|  Business (Including Real Estate Investment).

SPECIFIC PURPOSE. The specific purpose of this loan is: to refinance existing
debt & consolidate.

DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be
disbursed until all of Lender's conditions for making the loan have been
satisfied. Please disburse the loan proceeds of $475,103.57 as follows:

<TABLE>
<S>                                                                                                <C>
                         AMOUNT PAID TO OTHERS ON BORROWER'S BEHALF:                               $381,419.56
                                 $25,239.33 to First National Bank
                                 $34,271.25 to Chase Auto Finance
                                 $68,610.00 to New Holland
                                 $55,303.66 to Ford Motor Credit
                                 $24,318.23 to Ford Commercial Credit
                                 $106,580.25 to Cit Group
                                 $67,096.84 to Soris Financial

                         OTHER DISBURSEMENTS:                                                       $93,684.01
                                 $93,684.01 Regions Bank
                                                                                             -----------------

                         NOTE PRINCIPAL:                                                           $475,103.57
</TABLE>

CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the
following charges:

<TABLE>
<S>                                                                                                      <C>
                         PREPAID FINANCE CHARGES PAID IN CASH:                                           $0.00

                         OTHER CHARGES PAID IN CASH:                                                    $33.00
                                 $33.00 Recording Fees
                                                                                             -----------------

                         TOTAL CHARGES PAID IN CASH:                                                    $33.00

FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND
WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND
THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION
AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS
AUTHORIZATION IS DATED APRIL 25, 2001.

BORROWER:

SMITHWELL DIRECTIONAL BORING INC

By:                                                                  By:
   --------------------------------------------------                    ------------------------------------------
    O. Lee Capwell, President of SMITHWELL DIRECTIONAL                   Mike L. Smith, Vice President of SMITHWELL
    BORING INC                                                           DIRECTIONAL BORING INC
====================================================================================================================================
          ILASER PRO Landing, Reg. U.S. Pat. & T.M. OFF., Ver. 5.15.11.01 (c) Concentrex 1997, 2001. All Rights Reserved.
                                        AR a:\APPS\LPWIN\CFT\LPL\120.FC TR-0006280 PR-BN021
</TABLE>

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