Cardinal Airlines Inc Watch

from 10-Q 1 page Agreement With Bruce Nierenberg

from S-1/A ~5 pages Cunningham Employment Agreement

from S-1/A ~5 pages Freeman Employment Agreement

from S-1/A 1 page Promissory Note for Value Received, the Undersigned Promises to Pay to the Order of Cardinal Airlines, Inc., a Delaware Corporation, the Sum of Seventeen Thousand One Hundred Twenty Three ($ 17,123.00) Dollars, With Interest Thereon at the Rate of 8 % Per Annum on the Unpaid Balance. This Note Shall Be Fully Paid, Including Principal and All Accrued Interest, on or Before June 30, 2003. the Undersigned Shall Have the Right to Prepay Without Penalty. Guaranty for Value Received, the Undersigned Do Hereby Guarantee Payment of the Above Note and Agree to Remain Fully Bound Until Fully Paid. the Undersigned Pledges 34,236 Shares of the Common Stock of Cardinal Airlines, Inc. as Collateral for This Note. the Date of This Note Is June 30, 1998. for Cardinal Airlines, Inc., Maker /S/ Debtor and Guarantor /S/ Lawrence a Watson

from S-1/A 1 page Promissory Note for Value Received, the Undersigned Promises to Pay to the Order of Cardinal Airlines, Inc., a Delaware Corporation, the Sum of Twenty Seven Thousand Nine Hundred Seventy One ($ 27,971.00) Dollars, With Interest Thereon at the Rate of 8 % Per Annum on the Unpaid Balance. This Note Shall Be Fully Paid, Including Principal and All Accrued Interest, on or Before June 30, 2003. the Undersigned Shall Have the Right to Prepay Without Penalty. Guaranty for Value Received, the Undersigned Do Hereby Guarantee Payment of the Above Note and Agree to Remain Fully Bound Until Fully Paid. the Undersigned Pledges 55,942 Shares of the Common Stock of Cardinal Airlines, Inc. as Collateral for This Note. the Date of This Note Is June 30, 1998. for Cardinal Airlines, Inc., Maker /S/ Debtor and Guarantor /S/ Ted A. Walker

from S-1/A 1 page Promissory Note for Value Received, the Undersigned Promises to Pay to the Order of Cardinal Airlines, Inc., a Delaware Corporation, the Sum of Twenty Six Thousand One Hundred Eighty Three ($ 26,183.00) Dollars, With Interest Thereon at the Rate of 8 % Per Annum on the Unpaid Balance. This Note Shall Be Fully Paid, Including Principal and All Accrued Interest, on or Before June 30, 2003. the Undersigned Shall Have the Right to Prepay Without Penalty. Guaranty for Value Received, the Undersigned Do Hereby Guarantee Payment of the Above Note and Agree to Remain Fully Bound Until Fully Paid. the Undersigned Pledges 52,366 Shares of the Common Stock of Cardinal Airlines, Inc. as Collateral for This Note. the Date of This Note Is June 30, 1998. for Cardinal Airlines, Inc., Maker /S/ Debtor and Guarantor /S/ Vincent T. Paris

from S-1/A 1 page Promissory Note for Value Received, the Undersigned Promises to Pay to the Order of Cardinal Airlines, Inc., a Delaware Corporation, the Sum of Twenty Five Thousand Three Hundred Ninety Four ($ 25,394.00) Dollars, With Interest Thereon at the Rate of 8 % Per Annum on the Unpaid Balance. This Note Shall Be Fully Paid, Including Principal and All Accrued Interest, on or Before June 30, 2003. the Undersigned Shall Have the Right to Prepay Without Penalty. Guaranty for Value Received, the Undersigned Do Hereby Guarantee Payment of the Above Note and Agree to Remain Fully Bound Until Fully Paid. the Undersigned Pledges 50,788 Shares of the Common Stock of Cardinal Airlines, Inc. as Collateral for This Note. the Date of This Note Is June 30, 1998. for Cardinal Airlines, Inc., Maker /S/ Debtor and Guarantor /S/ H. Lawrence Mason

from S-1 ~5 pages Maviation Consulting Agreement

from S-1 ~5 pages Thomas Vandervelde Employment Agreement

from S-1 ~5 pages John Pertschi Employment Agreement

from S-1 ~5 pages David Linsley Employment Agreement

from S-1 ~5 pages Karen Glover Employment Agreement

from S-1 ~5 pages Ted Walker Employment Agreement

from S-1 ~5 pages Ronald Newbold Employment Agreement

from S-1 ~5 pages John Ryff Employment Agreement

from S-1 ~5 pages Vincent Paris Employment Agreement

from S-1 ~5 pages H. Lawrence Mason Employment Agreement

from S-1 ~5 pages Lawrence Watson Employment Agreement