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                                                                    Exhibit 4.16

                           GENERAL SECURITY AGREEMENT

         THIS GENERAL SECURITY AGREEMENT ("Security Agreement") is made as of
the 15th day of September, 2003, by CASTING TECHNOLOGY COMPANY, an Indiana
general partnership, having its chief executive offices at 1450 Musicland Drive,
Franklin, Indiana 46131 (Taxpayer I.D. No. ____________) (the "Borrower"), in
favor of THE PROVIDENT BANK, having a notice address of One East Fourth Street,
Cincinnati, Ohio 45202 (the "Bank").

SECTION 1.  DEFINITIONS.

         1.1  Defined Terms. As used herein:

         "Accounts", "Inventory", "Equipment", "Fixtures", "General
Intangibles", "Chattel Paper", "Documents", "Goods", "Deposit Accounts",
"Instruments", "Investment Property" and "Proceeds" shall mean all of Borrower's
such property within the meanings ascribed in the Indiana Uniform Commercial
Code, as in effect from time to time.

         "Account Debtor" shall have the meaning ascribed in the Indiana Uniform
Commercial Code, as in effect from time to time.

         "Collateral" shall mean all of the Borrower's property or rights in
which a security interest is granted hereunder.

         "Collateral Account" shall mean the Deposit Account more fully
described in Section 4.5.

         "Control" shall have the meaning ascribed in the Indiana Uniform
Commercial Code, as in effect from time to time.

         "Credit Agreement" shall mean the Credit Agreement executed between the
Borrower and the Bank dated as of even date herewith and as amended from time to
time.

         "Intellectual Property" shall mean all intellectual property of the
Borrower, including, without limitation, (a) all patents, patent applications,
patent disclosures and inventions (whether or not patentable and whether or not
reduced to practice); (b) all trademarks, service marks, trade dress, trade
names, and corporate names and all the goodwill and quality control standards
associated therewith; (c) all registered and unregistered statutory and common
law copyrights; (d) all registrations, applications and renewals for any of the
foregoing; (e) all trade secrets, confidential information, ideas, formulae,
compositions, know-how, manufacturing and production processes and techniques,
research and development information, drawings, specifications, designs, plans,
improvements, proposals, technical and computer data, financial, business and
marketing plans, and customer and supplier lists and related information; (f)
all other proprietary rights (including, without limitation, all computer
software and documentation and all license agreements and sublicense agreements
to and from third parties relating to any of the foregoing); (g) all copies and
tangible embodiments of the foregoing in whatever form or medium; (h) all
damages and payments for past, present and future infringements of the

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foregoing; (i) all royalties and income due with respect to the
foregoing; and (j) the right to sue and recover for past, present and future
infringements of the foregoing.

         "Liabilities" shall mean (a) all Obligations including all future
advances; (b) all other time to time obligations of the Borrower to the Bank of
every type and description, direct or indirect, absolute or contingent, due or
to become due, now existing or hereafter arising, and whether or not
contemplated by the Borrower or the Bank as of the date of this Security
Agreement, including, without limitation, any modification, extension, or
addition to or of the Obligations or the Credit Agreement and any overlying
advances, out of formula advances and overdrafts made or permitted in connection
with the Obligations or other Liabilities; and (c) any duty of the Borrower to
act or to refrain from acting in connection with any Liability.

         "Obligations" shall have the meaning ascribed in the Credit Agreement.

         "Schedule of Accounts" shall have the meaning ascribed in Section 4.3.

         "Stock Rights" means any securities, dividends or other distributions
and any other right or property which the Borrower shall receive or shall become
entitled to receive for any reason whatsoever with respect to, in substitution
for or in exchange for any securities or other ownership interests in a
corporation, partnership, joint venture or limited liability company
constituting Collateral and any securities, any right to receive securities and
any right to receive earnings, in which the Borrower now has or hereafter
acquires any right, issued by an issuer of such securities.

         1.2 Incorporation of Credit Agreement Definitions. Other capitalized
terms used herein and not specifically herein defined shall have the meanings
ascribed to them in the Credit Agreement.

         1.3 Terms Defined in the Indiana Uniform Commercial Code. Terms defined
in the Indiana Uniform Commercial Code which are not otherwise defined in this
Security Agreement are used herein as defined in the Indiana Uniform Commercial
Code, as in effect from time to time.

SECTION 2.  SECURITY INTEREST IN COLLATERAL.

         As security for the payment and performance of the Liabilities, the
Bank shall have, and the Borrower does hereby grant to the Bank, a continuing
security interest in the following Collateral:

         (a) All Accounts, Deposit Accounts, General Intangibles, Documents,
Instruments, Investment Property, Chattel Paper and any other similar rights of
the Borrower however created or evidenced, whether now existing or hereafter
owned, acquired, created, used, or arising, specifically including, without
limitation, claims, leases, agreements, license agreements, licensing fees,
royalties, policies, credit insurance, guaranties, letters of credit, advices of
credit, binders or certificates of insurance, deposits, documents of title,
securities, security interests, licenses, goodwill, tax refunds (federal, state
or local), customer lists, franchises, franchise rights, drawings, designs,
marketing rights, computer programs, artwork, databases and other like business
property rights, all applications to acquire such rights, for which application
may at any time be made by the Borrower, together with any and all books and
records pertaining thereto and any right, title or interest in any Inventory
which gave rise to an Account, and all Intellectual Property throughout the
world;

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         (b) All Inventory, whether now existing or hereafter acquired and
wherever located, specifically including, without limitation, all merchandise,
personal property, raw materials, work in process, finished Goods, materials and
supplies of every nature usable or useful in connection with the manufacturing,
packing, shipping, advertising, selling, leasing or furnishing of any of such
Inventory and all materials of the Borrower used or consumed or to be used or
consumed in the Borrower's business, together with any and all books and records
pertaining thereto;

         (c) All Equipment, Fixtures, Goods and all other tangible personal
property of the Borrower of every kind or nature, whether now owned or hereafter
acquired, wherever located, specifically including, without limitation, all
machinery, trucks, boats, barges, on and off the road vehicles, forklifts,
tools, dies, jigs, presses, appliances, implements, improvements, accessories,
attachments, parts, components, partitions, systems, carpeting, draperies and
apparatus;

         (d) All products and Proceeds of each of the foregoing, specifically
including, without limitation, (i) any and all Proceeds of any insurance,
indemnity, warranty or guaranty payable to the Borrower from time to time, (ii)
any and all payments of any form whatsoever made or due and payable to the
Borrower from time to time in connection with any requisition, confiscation,
condemnation, seizure or forfeiture of all or any part of the foregoing by any
Governmental Authority or any Person acting under color of Governmental
Authority, (iii) to the extent of the value of Collateral, claims arising out of
the loss, nonconformity, or interference with the use of, defects or
infringement of rights in, or damage to, the Collateral, (iv) any Stock Rights,
and (v) any and all other amounts from time to time paid or payable under or in
connection with any of the foregoing, whether or not in lieu thereof;

         (e) All renewals, extensions, replacements, modifications, additions,
improvements, accretions, accessions, betterments, substitutions, replacements,
annexations, tools, accessories, parts and the like now in, attached to or which
may hereafter at any time be placed in or added to any Collateral, whether or
not of like kind; and

         (f) All rights, remedies, claims and demands under or in connection
with each of the foregoing.

SECTION 3.  REPRESENTATIONS AND WARRANTIES.

         To induce the Bank to enter into the Credit Agreement and to make each
and every loan and other financial accommodation thereunder, the Borrower
represents and warrants to the Bank that, except as may otherwise be provided in
the Credit Agreement:

         3.1 Names of Borrower. The exact corporate name of the Borrower and its
state of organization are each correctly stated in the preamble to this Security
Agreement. Set forth on Schedule 1 hereto is a true, accurate and complete list
of all previous legal names of the Borrower and all past and present assumed (or
fictitious) names and tradenames of the Borrower for the past six (6) years.

         3.2 Prior Combinations. Except as set forth on Schedule 1 hereto, the
Borrower has not ever been conducted as a proprietorship, no entity has merged
into the Borrower or has been consolidated with the Borrower, and no entity has
sold substantially all of its assets to the Borrower or sold assets to the
Borrower outside the ordinary course of such entity's business.

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         3.3 Chief Executive Office, etc. The Borrower's chief executive office
and taxpayer identification number are set forth in the preamble to this
Security Agreement. Subject to Section 4.1 hereof, Borrower maintains all of its
records with respect to its Accounts at such address. Borrower has not at any
time within the past four (4) months maintained its chief executive office or
its records with respect to Accounts at any other location.

         3.4 Title to Collateral. Except for Intellectual Property, which is
separately addressed in Section 3.6 below, all Collateral is lawfully owned by
the Borrower, free and clear of any prior security interest, pledge, sale,
assignment, transfer or other encumbrance other than Permitted Encumbrances; the
Borrower has the unencumbered right to pledge, sell, assign or transfer the
Collateral subject to the Permitted Encumbrances and to subject the Collateral
to the security interest in favor of the Bank herein; except in respect of
Permitted Encumbrances, no financing statement covering all or any portion of
the Collateral is on file in any public office other than in favor of the Bank;
and the security interest herein constitutes a legal and valid, first priority
security interest in the Collateral.

         3.5 Representations Regarding Accounts. Except for Permitted
Encumbrances, each Account (a) is a valid Account representing an undisputed,
bona fide right to payment from the Account Debtor named therein for Goods sold
or leased, Intellectual Property licensed, or for services rendered, whether or
not such right to payment has been earned by performance; (b) is free and clear
of any agreement wherein the Account Debtor may claim a deduction or discount;
and (c) is free and clear of all set-offs or counterclaims.

         3.6 Representations Regarding Intellectual Property. Schedule 2 hereto
contains a complete and accurate list as of the date hereof of all patented and
registered Intellectual Property owned by the Borrower and of all pending
applications for the registration of other Intellectual Property owned or filed
by the Borrower. Schedule 2 also contains a complete and accurate list of all
licenses and other rights granted by the Borrower to any third party with
respect to the Intellectual Property and licenses and other rights granted by
any third party to the Borrower. Except for Permitted Encumbrances and except as
may be set forth in Schedule 2 (a) the Borrower owns and possesses all right,
title and interest in and to, or has a valid and enforceable license to use, all
of the Intellectual Property necessary for the operation of the Borrower's
business as presently conducted or proposed to be conducted; (b) no claim by any
third party contesting the validity, enforceability, use or ownership of any
Intellectual Property has been made, is currently outstanding or, to the
Borrower's knowledge, is threatened, and, to the Borrower's knowledge, there are
no grounds for any such claim; (c) the Borrower has not received any notice of,
nor is the Borrower aware of any facts which indicate the likelihood of, any
material infringement or misappropriation by, or conflict with, any third party
with respect to any Intellectual Property, nor has the Borrower received any
claim of infringement or misappropriation of, or other conflict with, any
intellectual property rights of any third party; (d) the Borrower has not
materially infringed, misappropriated or otherwise conflicted with any
intellectual property rights of any third party, nor is Borrower aware of any
material infringement, misappropriation or conflict which will occur as a result
of the continued operation of the business of the Borrower as presently
conducted or proposed to be conducted; (e) the Borrower has made or will timely
make all necessary filings and recordations (except user filings) and has paid
or will pay all required fees and taxes to record and maintain its ownership in
its Intellectual Property throughout the world to the extent necessary to
conduct Borrower's business as currently being conducted or proposed to be
conducted; and (f) no consents are

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required on any licenses listed on Schedule 2 hereto, except as set forth on
Schedule 2, to the grant of the security interests to, and the exercise of the
rights and remedies of, the Bank.

         3.7 Representations Regarding Contracts and Leases. All leases of real
or personal property and all contracts to which the Borrower is a party are in
full force and effect. To the best of Borrower's knowledge, no Person is
challenging or disputing the validity or enforceability of any such leases or
contracts, and the Borrower is not in material default under any such leases or
contracts.

         3.8 Representations Regarding Equipment and Inventory. Schedule 3 is a
true and correct list of all locations where Equipment and Inventory of the
Borrower is located (except Inventory in transit) and all locations where
Equipment and Inventory of the Borrower has been located in the four (4) months
immediately preceding the date of this Agreement. Borrower has not purchased any
Inventory in a transaction subject to the bulk transfer laws of any state or
otherwise outside the ordinary course of the Inventory seller's business.

         3.9 Representations Regarding Investment Property. The Borrower is the
direct and beneficial owner of each type of Investment Property listed on
Schedule 4 hereto as being owned by it, free and clear of any liens,
encumbrances or security interests except for the security interest granted to
the Bank. The Borrower further represents and warrants that (i) all such
Investment Property which are shares of stock in a corporation or ownership
interests in a partnership or limited liability company have been (to the extent
such concepts are relevant with respect to such Investment Property) duly and
validly issued, are fully paid and non-assessable, (ii) this pledge of such
Investment Property will not violate the proscriptions or require the consent,
license, filing, report, permit, exemption, regulation or approval, of any
Governmental Authority or other Person or violate any provision of law, (iii)
such ownership of pledged Investment Property represent One Hundred Percent
(100%) of the issued and outstanding ownership of the Borrower's Subsidiaries,
(iv) such Investment Property has not been materially altered and all signatures
thereon are genuine, (v) there exists no default by an issuer under any of such
Investment Property with respect thereto, (vi) no insolvency proceedings have
been instituted with respect to the issuer of such Investment Property (vii) the
Borrower has executed no instrument of any kind assigning any of such Investment
Property or the liability of any issuer thereon, or with respect thereto, which
remains in effect, (viii) none of the issuers of such Investment Property have
any obligation, commitment, subscription, option, warrant or other rights
outstanding entitling the holder thereof to purchase or otherwise acquire any
capital stock of such issuer, and (ix) with respect to any certificates
delivered to the Bank representing an ownership interest in a partnership or
limited liability company, either such certificates are Securities as defined in
Article 8 or 8.1 (as applicable) of the Uniform Commercial Code of the
applicable jurisdiction as a result of actions by the issuer or otherwise, or,
if such certificates are not Securities, the Borrower has so informed the Bank
so that the Bank may take steps to perfect its security interest therein as a
General Intangible.

SECTION 4.  AGREEMENTS CONCERNING ACCOUNTS

         4.1 Location. The Borrower will give the Bank written notice of each
office of the Borrower at which records of the Borrower relative to Accounts are
kept. Except where such notice is given, all records of the Borrower relative to
Accounts are and will be kept at the chief executive office of the Borrower.

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         4.2 Returns and Repossessions. Prior to the occurrence of a Default or
Unmatured Default, the Borrower may grant, in the ordinary course of business,
to any Account Debtor, any rebate, refund or adjustment to which such Account
Debtor may be lawfully entitled and may accept, in connection therewith, the
return of Goods, the sale or lease of which shall have given rise to the
obligation of the Account Debtor, subject, however, to the Bank's security
interest therein and in any Proceeds arising from the disposition thereof. After
the occurrence of a Default or an Unmatured Default, no discount, credit or
allowance shall be granted by the Borrower to any Account Debtor, and no return
of Goods shall be accepted by the Borrower without the Bank's prior written
consent.

         4.3 Schedule of Accounts. From time to time as the Bank may require,
the Borrower will, from time to time, deliver to the Bank a schedule identifying
each Account ("Schedule of Accounts"), together with such schedules and
certificates and reports relative to all or any of the Collateral and the items
or amounts received by the Borrower in full or partial payment or otherwise, as
Proceeds of any of the Collateral. Each Schedule of Accounts or other schedule,
certificate or report shall be executed by its duly authorized officer and shall
be in the form reasonably specified by the Bank. Any Schedule of Accounts
identifying any Account shall be accompanied, (a) by a true and correct copy of
the invoice evidencing such Account, (b) by evidence of shipment, delivery or
performance, (c) by such other schedules and information as the Bank may
reasonably request, and (d) if such request shall be made after the occurrence
of a Default or an Unmatured Default, by a duly executed assignment of such
Account from the Borrower to the Bank; provided, however, that the Borrower's
failure to execute and deliver any such Schedule of Account and/or assignment
shall not affect or limit the Bank's security interest or other rights in and to
Accounts, and provided, further, that a proper assignment of any Account wherein
the United States Government is the Account Debtor may be requested by the Bank
at any time whether or not there shall have occurred a Default or Unmatured
Default.

         4.4 Verification of Accounts. The Bank, its officers, agents,
attorneys, and accountants, may verify Accounts and returned and repossessed
Goods and, under reasonable procedures, directly with the Account Debtor or by
other methods, and the Borrower shall furnish to the Bank upon request
additional Schedules of Accounts, together with all notes or other papers
evidencing the same and any guaranty, securities or other information relating
thereto, and shall do, make and deliver all such additional and further acts,
things, deeds, assurances and instruments as the Bank may reasonably require.
The Bank shall have no obligation to disclose or discuss with Borrower the names
or identities of any Account Debtors from whom the Bank obtains or requests
information as to Accounts. Borrower agrees to cooperate with the Bank in the
confirmation and verification of any Accounts, or reconciling any discrepancy
between those amounts verified by the Bank and information provided to the Bank
by Borrower.

         4.5 Collateral Account. So long as the Bank does not request that the
Account Debtors on the Collateral be notified of the assignment thereof to Bank
or that all collections be directed to a lock box at Bank, Borrower may make
collections on the Collateral. The Borrower (a) will deposit all checks, drafts,
cash remittances and other Proceeds in payment of Accounts in a special
collateral account ("Collateral Account") maintained with the Bank and
thereafter keep segregated any such checks, drafts, cash remittances or other
Proceeds in trust for the benefit of the Bank until deposited in the Collateral
Account with the Bank; (b) will, upon the written request of the Bank at any
time, note the security interest of the Bank on all records relative to

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the Collateral including, without limitation, any invoice which evidences an
Account; (c) will, upon the written request of the Bank at any time there exists
a Default, give notice of the Bank's security interest to Account Debtor and
other obligors to the Borrower; (d) agrees that all checks and other Instruments
received by the Bank as Proceeds of Accounts while there exists a Default will
be credited upon receipt to the Liabilities in such order as the Bank may
determine, subject to final payment; and (e) will, whenever the Borrower obtains
possession (by return, repossession or otherwise) of any Goods while there
exists a Default, the sale or lease of which shall have given rise to any of the
Collateral, upon the Bank's written request, segregate, label and hold such
Goods as subject to the security interest of the Bank hereunder, and will, at
its own expense, dispose of such Goods in such manner as the Bank may from time
to time direct. The Bank alone shall have sole power of withdrawal from the
Collateral Account. On a daily basis, the Bank will apply all or part of the
collected balance of the Collateral Account against the Obligations, the amount,
order and method of such application to be in the sole discretion of the Bank.
In no event shall the Bank be obligated to apply any funds deposited in the
Collateral Account before the second business day after the day of deposit. Any
part of the collected balance in the Collateral Account which the Bank elects
not to apply to the Obligations may be paid over and deposited by the Bank to
Borrower's commercial account. The crediting of items in the Collateral Account
to the reduction of the Obligations shall be conditioned upon final payment of
the item and if any item is not so paid, the amount of any credit given for it
may be charged to the Obligations or to any other deposit account of Borrower,
whether or not the item is returned.

         4.6 Notification of Assignment. At any time there exists a Default, the
Bank may notify any Account Debtor of its security interest in the Accounts and
to require payment to be made directly to the Bank. At any time there exists a
Default, the Bank may enforce the collection of any Accounts by suit or
otherwise and surrender, release or exchange all or any part thereof, or
compromise or extend or renew for a period (whether or not longer than the
original period) any indebtedness thereunder or evidenced thereby. Such notice
may require the Account Debtor or other obligor to pay the Account or other
obligation directly to the Bank. Any Proceeds shall be deposited in the form
received except for the endorsement of the Borrower where required, which
endorsement the Bank is authorized to make on the Borrower's behalf and shall be
held by the Bank as security for all Liabilities.

         4.7 Accounts Owed by the Federal Government. If any Account shall arise
out of a contract with the United States of America, or any department, agency,
subdivision, or instrumentality thereof, the Borrower shall promptly notify the
Bank thereof in writing and shall take all other action reasonably requested by
the Bank to protect the Bank's security interest in such Account under the
provisions of the federal Assignment of Claims Act, as amended.

         4.8 Assignment of Security Interests. If, at any time the Borrower
shall take and perfect a security interest in any property of an Account Debtor
or any other Person to secure payment or performance of an Account, the Borrower
shall promptly assign such security interest to the Bank.

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SECTION 5.  AGREEMENTS CONCERNING CERTAIN COLLATERAL.

         5.1 Maintenance of Intellectual Property. Unless otherwise agreed in
writing by the Bank, Borrower shall have the duty to do any and all acts which
are necessary to preserve and maintain all material rights in the Intellectual
Property. Borrower will give proper statutory notice in connection with the use
of its Intellectual Property. Borrower has used, and will continue to use for
the duration of this Agreement, consistent standards of quality in its
manufacture or creation of products sold under its trademarks. The Borrower
shall not abandon any of the Intellectual Property nor permit the expiration of
any material Intellectual Property registrations, except where occasioned by
non-use, without the written consent of the Bank, which consent shall not be
unreasonably withheld or delayed. Borrower shall do any and all acts reasonably
required by the Bank to ensure Borrower's compliance with this Section 5.1. Any
reasonable expenses incurred in connection with the Intellectual Property shall
be borne by Borrower.

         5.2 After-Acquired Intellectual Property. If the Borrower obtains
rights to any new Intellectual Property, the provisions of this Security
Agreement shall automatically apply thereto. With respect to any new
applications for Intellectual Property, the issuance of any new registration for
Intellectual Property, and renewals or extensions of any of the foregoing, the
Borrower shall give the Bank prompt written notice thereof in writing.

         5.3 Opposition Proceedings. Unless and until there shall have occurred
and be continuing a Default, Borrower shall retain the legal and equitable title
to the Intellectual Property and shall have the right to bring any opposition
proceedings, cancellation proceedings or lawsuit in its own name to enforce,
protect and use the Intellectual Property in the ordinary course of its
business, but shall not be permitted, except with the prior written consent of
the Bank, which consent shall not be unreasonably withheld or delayed, to sell,
assign, transfer or otherwise encumber the Intellectual Property, other than
licensings or other dispositions in the ordinary course of business or to
resolve litigation or disputed claims brought or made by unrelated parties.

         5.4 Verification of Intellectual Property. The Bank, its officers,
agents, attorneys and accountants, may verify the Intellectual Property and all
licenses and other agreements with respect thereto, under reasonable procedures,
directly with licensees or by other methods, and the Borrower shall furnish to
the Bank upon request schedules of Intellectual Property and licenses, together
with other information relating thereto, and shall do, make and deliver all such
additional and further acts, things, deeds, assurances and instruments as the
Bank may reasonably require with respect to the Intellectual Property,
including, without limitation, the licenses. The Borrower shall promptly notify
the Bank, if it knows that any material application or registration relating to
Intellectual Property may become abandoned or dedicated to the public, or of any
material adverse determination or development (including any claim) regarding
the Intellectual Property or any material license with respect thereto, or
regarding its right to register, keep and maintain the same, or if it knows that
a material item of Intellectual Property is materially infringed or
misappropriated by a third party, and, in any such event, unless (a) the Bank,
or (b) the members of the Borrower in the exercise of its reasonable business
judgment after having considered the advice of reputable intellectual property
counsel shall have determined that litigation is inappropriate or unadvisable,
promptly sue for infringement or misappropriation.

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         5.5 Supplemental Documentation. Concurrently with the execution of this
Security Agreement, and from time to time hereafter upon reasonable request of
the Bank, the Borrower shall execute and deliver to the Bank supplemental
security agreements relating to any or all registered patents, trademarks,
tradenames, copyrights and applications for any of the foregoing, in a form
reasonably satisfactory to the Bank and suitable for recording in the records of
the registering Governmental Authority.

         5.6 Contracts and Leases. The Borrower shall perform, when due, each of
its obligation under all contracts, leases and other agreements (including,
without limitation, all license agreements) to which the Borrower is a party,
and, immediately upon learning of any material default by any party under any
such contract, lease or other agreement, the Borrower shall give written notice
thereof to the Bank, together with a description as to the nature and status
thereof. After the occurrence of any Default or Unmatured Default, the Borrower
shall not amend, modify, supplement or otherwise agree to any change in any
contract, lease or other agreement or waive any provision thereof, without the
prior written consent of the Bank.

         5.7 Deposit Accounts. The Borrower will (i) upon the Bank's request,
cause each bank or other financial institution in which it maintains (a) a
Deposit Account to enter into a control agreement with the Bank, in form and
substance reasonably satisfactory to the Bank in order to give the Bank Control
of the Deposit Account or (b) other deposits (general or special, time or
demand, provisional or final) to be notified of the security interest granted to
the Bank hereunder and cause each such bank or other financial institution to
acknowledge such notification in writing, and (ii) upon the Bank's request after
the occurrence and during the continuance of a Default, deliver to each such
bank or other financial institution a letter, in form and substance reasonably
acceptable to the Bank, transferring ownership of the Deposit Account to the
Bank or transferring dominion and control over each such other deposit to the
Bank until such time as no Default exists.

         5.8 Letter-of-Credit Rights. The Borrower will, upon the Bank's
reasonable request, cause each issuer of a letter of credit to consent to the
assignment of proceeds of the letter of credit in order to give the Bank Control
of the letter-of-credit rights to such letter of credit.

         5.9 Uncertificated Securities. The Borrower will permit the Bank from
time to time to cause the appropriate issuers (and, if held with a securities
intermediary, such securities intermediary) of uncertificated securities which
are Collateral to mark their books and records with the numbers and face amounts
of all such uncertificated securities and all rollovers and replacements
therefor to reflect the Lien of the Bank granted pursuant to this Security
Agreement. The Borrower will take any actions necessary to cause the issuers of
uncertificated securities which are Collateral and which are Securities to cause
the Bank to have and retain Control over such Securities.

         5.10     Stock and Other Ownership Interests.

                  5.10.1. Changes in Capital Structure of Issuers. The Borrower
         will not (i) permit or suffer any issuer of privately held corporate
         securities or other ownership interests in a corporation, partnership,
         joint venture or limited liability company constituting Collateral
         controlled by the Borrower to dissolve, liquidate, retire any of its
         capital stock or other Instruments or Securities evidencing ownership,
         reduce its capital or merge or consolidate with any other entity, or
         (ii) vote any of the Instruments or Securities in favor of any of the
         foregoing.

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                  5.10.2. Issuance of Additional Securities. The Borrower will
         not permit or suffer the issuer of privately held corporate securities
         or other ownership interests in a corporation, partnership, joint
         venture or limited liability company constituting Collateral controlled
         by the Borrower to issue any such securities or other ownership
         interests, any right to receive the same or any right to receive
         earnings, except to the Borrower.

                  5.10.3. Registration of Pledged Securities. After and during
         the continuance of a Default, the Borrower will permit any registerable
         Collateral to be registered in the name of the Bank or its nominee at
         any time at the option of the Bank.

                  5.10.4. Exercise of Rights in Pledged Securities. The Borrower
         will permit the Bank or its nominee at any time after the occurrence of
         a Default, without notice, to exercise all voting and corporate rights
         relating to the Collateral, including, without limitation, exchange,
         subscription or any other rights, privileges, or options pertaining to
         any corporate securities or other ownership interests in or of a
         corporation, partnership, joint venture or limited liability company
         constituting Collateral and the Stock Rights as if it were the absolute
         owner thereof.

         5.11. Commercial Tort Claims. If Borrower shall at any time hold or
acquire a commercial tort claim (as defined in the Indiana Uniform Commercial
Code, as amended from time to time), immediately notify the Bank in a writing
signed by Borrower of the brief details thereof and grant to the Bank in such
writing a security interest therein and in the Proceeds thereof, all upon the
terms of this Agreement, with such writing to be in form and substance
satisfactory to the Bank.

SECTION 6.  AGREEMENTS CONCERNING INVENTORY.

         6.1 Locations. Borrower will give the Bank written notice of each
location at which Inventory is or will be kept at all times. Except where such
notice is given and except for Inventory sold in the ordinary course of
business, all Inventory is and shall be kept at the locations set forth on
Schedule 3 hereto.

         6.2 Sales of Inventory. The Borrower may, in the ordinary course of
business, at its own expense, sell, lease or furnish under contracts of sale or
service, any of the Inventory normally held by the Borrower for such purpose (a
sale in the ordinary course of business does not include a transfer in total or
partial satisfaction of a debt), and use and consume, in the ordinary course of
business, any raw materials, work-in-process or materials normally held by it
for such purpose.

         6.3 Condition of Inventory; Books and Records. Borrower shall keep all
Inventory in good order and condition and shall maintain full, accurate and
complete books and records with respect to Inventory at all times.

         6.4 Warehousemen and Landlords. Borrower shall not store any material
portion of its Inventory with any bailee, warehouseman, or similar party without
the Bank's prior written consent, which consent shall not be unreasonably
withheld or delayed. If Inventory is so stored, Borrower will, concurrently with
storing such Inventory, cause such bailee, warehouseman, or similar party to
issue and deliver to the Bank, in a form acceptable to the Bank, warehouse
receipts in the Bank's name evidencing the storage of the Inventory. The
Borrower shall provide the Bank with copies of all agreements between the
Borrower and any bailee, warehouseman, or

General Security Agreement Page 10

<PAGE>

similar party and shall deliver to the Bank a landlord's or warehouseman's lien
waiver in a form reasonably acceptable to the Bank, prior to entering into any
material lease for warehouse storage or business facilities.

         6.5 Consigned Inventory. If at any time any of the Inventory is placed
by the Borrower on consignment with any consignee, Borrower shall, prior to
delivery of such consigned Inventory, (a) provide Bank with all consignment
agreements and other instruments and documentation to be used in connection with
such consignment (all of which shall be in a form reasonably acceptable to the
Bank); (b) prepare, execute and file appropriate financing statements with
respect to any consigned Inventory showing the consignee as debtor, the Borrower
as secured party, and the Bank as assignee of the secured party; (c) prepare,
execute and file appropriate financing statements with respect to any consigned
Inventory showing the Borrower, as debtor, and the Bank, as secured party; (d)
conduct a search of all UCC filings made against the consignee and all
jurisdictions in which Inventory to be consigned is to be located while on
consignment, and furnish copies of such results to the Bank; and (e) notify in
writing all creditors of the consignee that are or may be holders of security
interests in the Inventory to be consigned that the Borrower expects to deliver
certain Inventory to the consignee.

         6.6 Compliance with Law. Borrower shall substantially comply in all
material respects with all federal, state and local laws, regulations, rulings
and orders applicable to the Borrower for its assets or business in all
respects. Without limiting the generality of the foregoing, Borrower shall
comply with all requirements of the federal Fair Labor Standards Act, as
amended, in the conduct of its business and the production of Inventory.
Borrower shall notify the Bank immediately of any violation by Borrower of the
Fair Labor Standards Act, and the absence of such notice shall constitute
Borrower's continuing representation that all Inventory then existing has been
produced in compliance with the Fair Labor Standards Act.

SECTION 7.  AGREEMENTS CONCERNING EQUIPMENT AND FIXTURES.

         7.1 Locations. Borrower will give the Bank written notice of each
location at which Equipment is or will be kept at all times, except where such
notice is given, the Equipment will be kept at locations set forth on Schedule 3
hereto. Schedule 3 sets forth all locations at which Equipment and Fixtures of
the Borrower are located and the name and owner of record of the real estate at
each location if the Borrower is not the owner of record.

         7.2 Condition. The Borrower will keep the Equipment in good order and
repair, ordinary wear and tear excepted, and will not waste or destroy the
Equipment or any portion thereof, except in the case of obsolete Equipment which
is no longer used or useful in Borrower's business.

         7.3 Titled Equipment. If Borrower now or hereafter has any vehicles,
aircraft, watercraft, or other Equipment for which a certificate of title has
been issued by a Governmental Authority, the Borrower shall immediately deliver
to the Bank, properly endorsed, each certificate of title or application for
title or other evidence of ownership for each such item of Equipment, and the
Borrower shall take all actions necessary to have the Bank's security interest
properly recorded on each such certificate of title and shall take all other
steps necessary to perfect the Bank's security interest in such Equipment.

General Security Agreement Page 11

<PAGE>

         7.4 Compliance with Laws. The Borrower will not use the Equipment in
violation of any statute, rule, regulation or ordinance or any policy of
insurance thereon. Borrower will neither use the Equipment nor permit the
Equipment to be used, for any unlawful purpose or contrary to any statute, law,
ordinance or regulation relating to the registration, use, operation or control
of the Equipment.

         7.5 Transfers of Equipment. Borrower may from time to time substitute
Equipment, provided that (a) the substituted Equipment is not subject to any
lien or other encumbrance and has a fair market value at least equal to the fair
market of the Equipment for which it is substituted; (b) the marketability and
operating integrity of Borrower's Equipment after such substitution is not
impaired; (c) the Equipment substituted for is no longer used or useful in the
operation of Borrower's business and is sold in arm's length transaction in
exchange for money or monies' worth at least equal to the fair market value of
such Equipment substituted for; and (d) no Default or Unmatured Default has
occurred and is continuing.

         7.6 Fixtures. The Borrower shall not permit any item of Equipment to
become a Fixture to real estate or an accession to any other property not
subject to the Bank's security interest herein without the prior written consent
of the Bank. If any Equipment is or will be attached to real estate in such a
manner as to become a fixture, such real estate is encumbered, the Borrower will
obtain from the holder of such real estate encumbrance a written consent and
subordination to the security interest hereby granted, or a written disclaimer
of any interest in such Collateral, in a form reasonably acceptable to the Bank.

SECTION 8.  GENERAL PROVISIONS CONCERNING COLLATERAL.

         8.1 Title to After-Acquired Collateral. All Collateral acquired after
the date hereof will be acquired by the Borrower free of any lien, security
interest or encumbrance, except Permitted Encumbrances.

         8.2 Further Assurances. The Borrower agrees to do such reasonable acts
and things and deliver or cause to be delivered such other documents as the Bank
may reasonably deem necessary to establish and maintain a valid security
interest in the Collateral (free of all other liens and claims except Permitted
Encumbrances) to secure the payment and performance of the Liabilities and to
defend title to the Collateral against any Person claiming any interest therein
adverse to the Bank. The Borrower authorizes the Bank, at the expense of the
Borrower, to execute and file a financing statement or statements on its behalf
in those public offices deemed advisable or necessary by the Bank to protect the
security interests of the Bank herein granted. If permitted by law, the Borrower
agrees that a carbon, photographic or other reproduction of this Security
Agreement or of a financing statement may be filed as a financing statement.

         8.3      Insurance.

                  (a) The Borrower shall have and maintain at all times, with
         respect to Inventory and Equipment, insurance written by companies
         reasonably acceptable to the Bank covering risks customarily insured
         against by companies engaged in business similar to that of the
         Borrower in reasonable amounts, containing such terms, in such form,
         and for such periods customarily maintained by companies engaged in
         business similar to that of the Borrower. Such insurance shall be
         payable to the Borrower and the Bank as their interests may appear.

General Security Agreement Page 12

<PAGE>

                  (b) In addition to the insurance requirements set forth in
         Section 8.3(a), the Borrower will carry any other insurance and amounts
         for periods as may be reasonably required by the Bank, and will deliver
         to the Bank, not less than five (5) days prior to the expiration of any
         such policy of insurance, renewals or new policies in like amounts
         covering the same risks.

                  (c) All such insurance policies shall carry standard,
         non-contributory lender's loss payable clauses and breach of warranty
         endorsements, in favor of the Bank. The insurance certificates
         evidencing the Borrower's compliance with the above shall be deposited
         with the Bank, and in the event the Borrower fails to file and maintain
         such insurance, the Bank may, at its option, purchase such insurance
         and the cost of such insurance shall become a Liability secured by
         these presents and all sums expended shall bear interest at the highest
         Default rate of interest set forth in the Credit Agreement until paid.
         If requested by the Bank, the Borrower shall deliver certified copies
         of such policies to the Bank. The Borrower shall pay all insurance
         premiums promptly when due and shall provide substitute policies of
         insurance should the Bank at any time reject, for reasonable cause, any
         such policies of insurance furnished by the Borrower. The Borrower
         hereby assigns to the Bank the proceeds of all such insurance,
         including, without limitation, any premium refunds, to the extent of
         the Liabilities, shall direct the insurer to make payment of any losses
         or refunds directly to the Bank, and appoints the Bank its
         attorney-in-fact to endorse any draft, check or other form of payment
         made by such insurer.

         8.4 Collection of Collateral. The Borrower will, at its own expense,
endeavor to collect, as and when due, all amounts due with respect to any
Collateral including the taking of such action with respect to such collection
as the Bank may reasonably request or, in the absence of such request, as the
Borrower may deem advisable.

         8.5 Bank May Defend Title. In the event the Borrower fails to pay any
taxes, assessments, premiums, or fees, or fails to discharge any liens or claims
against the Collateral required to be paid or discharged by the Borrower, or
fails to purchase, maintain and file with the Bank any insurance required by
this Security Agreement, or if any such insurance is inappropriate to the
situation, in the Bank's reasonable discretion, the Bank may, without demand or
notice, pay any such taxes, assessments, premiums or fees, or pay, acquire,
satisfy or discharge any liens or claims asserted against the Collateral
(without any obligation to determine the validity thereof), or purchase any such
insurance. All sums so expended by the Bank shall become a Liability secured by
these presents and shall bear interest at the highest Default rate of interest
set forth in the Credit Agreement until paid.

         8.6 Negotiable Collateral. If any Collateral, including Proceeds,
consists of a letter of credit, advice of credit, Instrument, money,
certificates of deposit, negotiable Documents, chattel paper or similar
property, the Borrower shall, immediately upon receipt thereof, endorse and
assign such Collateral, and deliver actual physical possession thereof, to the
Bank, and prior to such delivery, shall hold such property in trust for the
Bank. Schedule 5 hereto is a true and correct list of all such negotiable
Collateral owned by the Borrower. The Borrower will give the Bank written notice
each time it acquires such additional negotiable Collateral.

         8.7 Contracts. The Borrower shall remain liable to perform its
obligations under any contracts included in the Collateral to the extent as
though this Security Agreement had not been

General Security Agreement Page 13

<PAGE>

entered into, and the Bank shall not have any obligation under any such
contracts by reason of this Agreement.

         8.8 Accounting System. Borrower shall maintain a standard and modern
system of accounting in accordance with GAAP which contain information
pertaining to the Collateral that may from time to time be requested by the
Bank.

         8.9 Inspection of Collateral and Records. During Borrower's usual
business hours with prior reasonable notice, the Bank may inspect and examine
the Collateral and check and test the same as to quality, quantity, value, and
condition. The Bank shall also have the right at any time or times hereafter,
during Borrower's usual business hours or during the usual business hours of any
third party having control over the records of the Borrower with prior
reasonable notice, to inspect Borrower's books and records in order to verify
the amount or condition of, or any other matter relating to, the Collateral and
Borrower's financial condition and to copy and make extracts from such books and
records. Borrower waives the right to assert a confidential relationship, if
any, it may have with any accounting firm in connection with any information
requested by the Bank pursuant to this Security Agreement and agrees that the
Bank may directly contact any such accounting firm in order to obtain such
information.

         8.10 Transfer of Collateral. Borrower shall not sell, lease, license,
transfer or otherwise dispose of any interest in any Collateral except (a) sales
of Inventory in the ordinary course of business pursuant to Section 6.2, (b)
licensings and other dispositions of Intellectual Property in the ordinary
course of business pursuant to Section 5.3, and (c) dispositions of Equipment in
accordance with Section 7.5.

SECTION 9.  REMEDY.

         9.1 Remedies Generally; Power of Sale. Upon the occurrence of any
Default and at any time thereafter, the Bank shall have all rights and remedies
available at law or in equity including, without limitation, the rights and
remedies of a secured party under the Indiana Uniform Commercial Code, as in
effect from time to time (regardless of whether the Code has been enacted in the
jurisdiction where rights or remedies are asserted), including, without
limitation, the right to take possession of the Collateral, and for that purpose
the Bank may, so far as the Borrower can give authority therefor, enter upon any
premises on which the Collateral may be situated and remove the same therefrom.
The Bank shall give to the Borrower at least ten (10) days' prior written notice
of the time and place of any public sale of Collateral or of the time after
which any private sale or any other intended disposition is to be made. The Bank
may in its discretion transfer any securities or other property constituting
Collateral into its own name or that of its nominee and receive the income
thereon and hold the same as security for Liabilities or apply it on principal
or interest due on Liabilities. In the event that the Bank takes possession of
any Intellectual Property, the goodwill associated with any trademarks,
tradenames, trade dress, and service marks of the Borrower shall be transferred
to the Bank.

         9.2 Deposits. Any and all Deposit Accounts, deposits or other sums at
any time credited by or due from the Bank to the Borrower shall at all times
constitute security for any and all Liabilities, and the Bank may apply or set
off such deposits or other sums against Liabilities at any time in Default
whether or not the Liabilities are then due or other Collateral is considered by
the Bank to be adequate.

General Security Agreement Page 14

<PAGE>

         9.3 Waiver and Amendment. Except as otherwise expressly set forth
herein, to the extent permitted by law, the Borrower waives demand, notice,
protest, notice of acceptance of this Security Agreement, notice of loans made,
credit extended, Collateral received or delivered or other action taken in
reliance hereon and all other demands and notices of any description. With
respect to both Liabilities and Collateral, the Borrower assents to any
extension or postponement of the time of payment or any other indulgence, to any
substitution, exchange, or release of Collateral, to the addition or release of
any party or person primarily or secondarily liable, to the acceptance of
partial payments thereon and the settlement, compromise or adjustment of any
thereof, all in such manner and at such time or times as the Bank may deem
advisable. Except as otherwise provided by law, the Bank shall have no duty as
to the collection or protection of the Collateral, or any income therefrom, nor
as to the preservation of rights against prior parties nor as the preservation
of any rights pertaining thereto beyond the safe custody thereof. The Bank may
exercise its rights with respect to Collateral without resorting or regard to
other Collateral or sources of reimbursement for any Liability. The Bank shall
not be deemed to have waived any of these rights upon or under Liabilities or
Collateral unless such waiver be in writing and signed by the Bank. No delay or
omission on the part of the Bank in exercising any right shall operate as a
waiver of such right or any other right. A waiver on any one occasion shall not
be construed as a bar to the exercise of any right on any future occasion. All
rights and remedies of the Bank as to the Liabilities or Collateral whether
evidenced hereby or by any other instrument or papers shall be cumulative and
may be exercised singly, successively or together. The Bank may, from time to
time, without notice to the Borrower (a) retain or obtain a security interest in
any property of any other Person, in addition to the Collateral, to secure any
of the Liabilities; (b) retain or obtain the primary or secondary liability of
any party or parties, in addition to the Borrower with respect to any of the
Liabilities; (c) extend or renew for any period (whether or not longer than the
original period) or release or compromise any liability of any party or parties
primarily or secondarily liable to the Bank under the Credit Agreement; (d)
release its security interest in any of the property securing any of the
Liabilities and permit any substitution or exchange for any such property; and
(e) resort to the Collateral for the payment of any of the Liabilities whether
or not it shall have resorted to any other property or shall have proceeded
against any party primarily or secondarily liable for any of the Liabilities.
The Bank shall not, under any circumstances, or in any event whatsoever, have
any liability for any error or omission or delay of any kind occurring in the
liquidation of any Collateral, including the settlement, collection of any
Account or for any damage resulting therefrom except liability resulting from
any act or omission by the Bank which constitutes willful misconduct. This
Security Agreement may be amended only by a writing duly signed by the Bank and
the Borrower.

         9.4 Expenses; Proceeds of Collateral. The Borrower shall pay to the
Bank on demand any and all reasonable out-of-pocket expenses, including
reasonable attorneys' fees, incurred or paid by the Bank in protecting the
Collateral or the existence, perfection or priority of the Bank's security
interest therein. After deducting all of such expenses, the residue of any
Proceeds of collection or sale of the Collateral shall be applied to the payment
of principal or interest on Liabilities in such order of preference as the Bank
may determine, proper allowance for interest on Liabilities not then due being
made, and any excess shall be returned to the Borrower.

         9.5 Power of Attorney. The Borrower hereby irrevocably appoints the
Bank and the Bank's designees from time to time its true and lawful
attorneys-in-fact, with full power of

General Security Agreement Page 15

<PAGE>

substitution in the premises (a) upon the occurrence of a Default, to demand,
collect, receipt for, settle, compromise, adjust, sue for, foreclose or realize
upon the Collateral in such manner as the Bank may determine, whether or not the
Collateral is then due; (b) to receive, open, and dispose of mail addressed to
the Borrower and take therefrom any payments on or proceeds of Accounts; (c) to
endorse notes, checks, drafts, money orders, Documents or other evidences of
payment, shipment or storage or any form of Collateral on behalf of and in the
name of the Borrower; (d) to sign and send on behalf of the Borrower any invoice
or bill of lading relating to any Account, on drafts against customers, on
schedules and assignments of Accounts, on notices of assignment, financing
statements and other public records, on verifications of Accounts and on notices
to customers; (e) to sign the Borrower's name to the proofs of claim against any
Account Debtor on behalf of the Borrower; (f) to notify the post office
authorities to change the address for delivery of the Borrower's mail to an
address designated by the Bank; (g) upon the occurrence of a Default, to endorse
Borrower's name on all applications, documents, papers, certificates and
instruments necessary or expedient for the Bank to use the Intellectual
Property, or necessary or expedient to grant or issue any exclusive or
nonexclusive license under the Intellectual Property to anyone else, or
necessary or expedient for the Bank to assign, pledge, convey or otherwise
transfer title in, or dispose of, the Intellectual Property to anyone else, for
the purpose of recording, registering, filing or accomplishing any other formula
with respect to the Intellectual Property; and (h) to do all things necessary to
carry out this Security Agreement. The Borrower hereby ratifies and approves all
acts of such attorneys. Neither the Bank nor any attorney will be liable for any
acts or omissions nor for any error of judgment or mistake of fact or law,
absent gross negligence, bad faith or willful misconduct. This power, being
coupled with an interest, is irrevocable until the Liabilities have been fully
satisfied. Notwithstanding anything herein to the contrary, no attorney acting
pursuant to this Section 9.5 shall have any authority to confess judgment on
behalf of the Borrower.

         9.6 License. Borrower hereby grants to the Bank a license to use,
without charge, Borrower's Intellectual Property and other Collateral in
completing production of, advertising for sale, or selling any Collateral after
any Default, and all of the Borrower's rights under all licenses and franchise
agreements shall, in such event, inure to the Bank's benefit. In addition, the
Borrower shall, upon request by the Bank, make available such personnel in
Borrower's employ on the date of any Default as the Bank may reasonably
designate to permit the Bank to continue, directly or indirectly, to produce,
advertise and sell the Collateral sold by the Borrower under any Intellectual
Property or license. The license herein shall include the right of the Bank to
use, assign, license or sublicense any of the Borrower's Intellectual Property,
including in such license reasonable access as to all media in which any of the
licensed items may be recorded or stored; provided that the Bank shall comply
with all pre-existing quality control standards and trademark use requirements
of the Borrower. No agreements hereafter entered into by the Borrower shall
prohibit, restrict or impair the rights of the Bank granted hereunder.

         9.7 Reinstatement. If, at any time after payment in full by the
Borrower of all Liabilities and termination of the Bank's security interest, any
payments on the Liabilities previously made by the Borrower or any other Person
must be disgorged by the Bank for any reason whatsoever, including, without
limitation, the insolvency, bankruptcy or reorganization of the Borrower or such
Person, this Security Agreement and the Bank's security interests herein shall
be reinstated as to all disgorged payments as though such payments had not been
made, and the Borrower shall sign and deliver to the Bank all documents, and
shall do such other acts and things, as may be necessary to re-perfect the
Bank's security interest.

General Security Agreement Page 16

<PAGE>

         9.8 No Marshaling. The Borrower, on its own behalf and on behalf of its
successors and assigns, hereby expressly waives all rights, if any, to require a
marshaling of assets by the Bank or to require the Bank's first resort to some
or any portion of the Collateral before foreclosing upon, selling or otherwise
realizing on any other portion thereof.

SECTION 10.  MISCELLANEOUS PROVISIONS.

         10.1 Priority. Unless otherwise expressly provided, the security
interest hereby created shall be pro rata on par with any prior security
interests in the Collateral now or hereafter existing in favor of the Bank.

         10.2 Governing Law. This Security Agreement and all rights and
obligations hereunder, including matters of construction, validity and
performance, shall be governed by the Uniform Commercial Code and other
applicable laws of the State of Indiana, without regard to conflict of law
principles.

         10.3 Severability. Whenever possible each provision of this Security
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition without invalidating the
remainder of such provision or the remaining provisions of this Security
Agreement. The Borrower recognizes that the Bank has relied on this Security
Agreement in extending credit to the Borrower and agrees that such reliance by
the Bank shall be sufficient consideration for this Security Agreement.

         10.4 Binding on Successors. The rights and privileges of the Bank shall
inure to the benefit of its respective successors and assigns.

         10.5     Chattel Mortgage.  This Security Agreement shall also
constitute a chattel mortgage and an assignment of rents.

         10.6     WAIVER OF JURY TRIAL. BANK AND BORROWER, AFTER CONSULTING OR
HAVING HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL, KNOWINGLY, VOLUNTARILY,
INTENTIONALLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT EITHER OF THEM
MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR
WRITTEN), OR ACTIONS OF EITHER OF THEM. NEITHER BANK NOR BORROWER SHALL SEEK TO
CONSOLIDATE, BY COUNTERCLAIM OR OTHERWISE, ANY ACTION IN WHICH A JURY TRIAL HAS
BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT
BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY
RESPECT OR RELINQUISHED BY EITHER BANK OR BORROWER EXCEPT BY A WRITTEN
INSTRUMENT EXECUTED BY BOTH OF THEM.

General Security Agreement Page 17

<PAGE>

         IN WITNESS WHEREOF, the Borrower and the Bank have caused this Security
Agreement to be executed by their respective officers duly authorized as of the
date first above written.

                                           CASTING TECHNOLOGY COMPANY,
                                           an Indiana general partnership

                                           By AMCAST CASTING TECHNOLOGIES, INC.,
                                           its general partner

                                           By:_________________________________
                                                 Name:
                                                 Title:

                                           By IZUMI, INC.,
                                           its general partner

                                           By:_________________________________
                                                 Name:
                                                 Title:

ACCEPTED:

                                           THE PROVIDENT BANK

                                           By:_________________________________

                                           Printed:____________________________

                                           Title:______________________________

STATE OF INDIANA  )
                  ) SS:
COUNTY OF MARION  )

         Before me, a Notary Public in and for said County and State, personally
appeared ___________________________, known to me to be the ____________ of
Casting Technology Company and acknowledged the execution of the foregoing for
and on behalf of said partnership.

         Witness my hand and Notarial Seal, this _____ day of September, 2003.

                                                     --------------------------
                                                     Notary Public - Signature

                                                     --------------------------
                                                     Notary Public - Printed

My Commission Expires:                               My County of Residence:
--------------------                                 -----------------------


General Security Agreement Page 18

<PAGE>

                                   SCHEDULE 1

                           Former Names, Assumed Names
                           and Tradenames of Borrower

    Casting Technology Company is considered an assumed name of the general
                                  partnership






                               Prior Combinations

                                      None

General Security Agreement Page 19

<PAGE>

                                   SCHEDULE 2

                              Intellectual Property

                                      None

General Security Agreement Page 20

<PAGE>

                                   SCHEDULE 3

                             Location of Collateral

Equipment and Inventory Locations:

1450 Musicland Drive, Franklin, Indiana  46131
(obsolete machinery and equipment not in a material amount is stored at 5151
Bellevue St., Detroit, Michigan  48211)







Fixture Locations:

1450 Musicland Drive, Franklin, Indiana  46131

General Security Agreement Page 21

<PAGE>

                                   SCHEDULE 4

                               Investment Property

                           A. CERTIFICATED SECURITIES:

                                      None
<TABLE>
<CAPTION>
                                                                                Percentage
         Issuer's          Certificate     Number of           Number of         of Shares
Issuer   Organization      Number        Shares Owned        Shares Pledged      Pledged
<S>      <C>               <C>           <C>                 <C>                <C>
                                      None
</TABLE>

                          B. UNCERTIFICATED SECURITIES:

           Issuer's
Issuer   Organization    Description of Collateral Percentage Ownership Interest

                                      None

                            C. SECURITY ENTITLEMENTS:

                                      None

                              D. SECURITY ACCOUNTS:

                                      None

                             E. COMMODITY CONTRACTS:

                                      None

                             F. COMMODITY ACCOUNTS:

                                      None

General Security Agreement Page 22

<PAGE>

                                   SCHEDULE 5

                              Negotiable Collateral

                                      None


General Security Agreement Page 23