Common use of Incurrence of Liabilities Clause in Contracts

Incurrence of Liabilities. (a) On March 29, 1996 the Company entered into a $1 Million Revolving Line of Credit (the "NationsBank Line") with NationsBank, N.A. $500,000 has been drawn against such line of credit. (b) On April 26, 1996 the Company closed a $2 Million loan with National Bank of South Carolina guaranteed by Hamb▇▇▇▇▇ & Quis▇ ▇▇▇up. (c) On May 17, 1996, the Company entered into a $1 Million demand loan with H&Q. This loan was repaid with proceeds from the Series B Preferred Stock financing. (d) On July 17 and July 18, 1996, the Company entered into demand loans with H&Q for $250,000 and $800,000, respectively. (e) On August 1 and August 8, 1996, the Company entered into demand loans with H&Q for $1,000,000 and $250,000, respectively. (f) On August 13, 1996, the Company entered into a demand loan with H&Q for $250,000. 83 (g) On August 15, 1996, the Company entered into a demand loan with H&Q for $250,000.

Incurrence of Liabilities. (a) On March 29, 1996 the Company entered into a $1 Million Revolving Line of Credit (the "NationsBank Line") with NationsBank, N.A. $500,000 has been drawn against such line of credit. (b) On April 26, 1996 the Company closed a $2 Million loan with National Bank of South Carolina guaranteed by Hamb▇▇▇▇▇ & Quis▇uis▇ ▇▇▇up. (c) On May 17, 1996, the Company entered into a $1 Million demand loan with H&Q. H&Q Air South Investors, L.P. ("H&Q"). This loan was repaid with proceeds from the Series B Preferred Stock financing.financing referred to in (i) "(a)" above. 80 (d) On July 17 and July 18, 1996, the Company entered into demand loans with H&Q for $250,000 and $800,000, respectively.* (e) On August 1 and August 8, 1996, the Company entered into demand loans with H&Q for $1,000,000 and $250,000, respectively.* (f) On August 13, 1996, the Company entered into a demand loan with H&Q for $250,000. 83.* (g) On August 15, 1996, the Company entered into a demand loan with H&Q for $250,000.*