<PAGE>   1

                         BORROWER STOCK PLEDGE AGREEMENT




      THIS STOCK PLEDGE AGREEMENT is entered into as of July 11, 1997, between
(i) Connectivity Products Incorporated, a Delaware corporation (the "Pledgor")
and (ii) NBD BANK, a national banking association organized under the laws of
the United States, as administrative agent (in such capacity, the "Agent") for
the Banks (as defined below).

                                    RECITALS

      A. Pursuant to the Amended and Restated Revolving Credit and Term Loan
Agreement, dated as of May 31, 1996 (as amended and in effect from time to time,
the "Credit Agreement"), among the Pledgor, the financial institutions listed on
Schedule 1 thereto (collectively, the "Banks"), and the Agent and BankBoston,
N.A., formerly known as The First National Bank of Boston, as co-agents for the
Banks (together, the "Co-Agents"), the Banks have agreed to make Loans and
extend other financial accommodations to the Pledgor.

      B. The Pledgor proposes to sell its EEC division to Reel Acquisition Corp.
("Acquisition Corp.") (the "Sale"), a portion of the purchase price for which
shall be paid to the Pledgor in common stock of Anicom, Inc. ("Anicom"), a
Delaware corporation and sole stockholder of Acquisition Corp. as more
particularly set forth in the Asset Purchase Agreement of even date herewith
(the "Purchase Agreement") among the Pledgor, Anicom and Acquisition Corp.

      C. It is a condition precedent to the making of further Loans and the
extension of other financial accommodations to the Pledgor that the Pledgor
execute and deliver to the Agent a stock pledge agreement substantially in the
form hereof.

      Accordingly, the parties hereto hereby agree as follows:


                                    ARTICLE I

                                   DEFINITIONS

      SECTION 1.1. Certain Terms. The following terms, when used in this
Agreement, including the introductory paragraph and Recitals hereto, shall,
unless the context otherwise requires, have the following meanings:

      "Agent" is defined in the introductory paragraph hereto.

      "Agreement" means this Stock Pledge Agreement.
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      "Banks" is defined in Paragraph A of the Recitals hereto.

      "Common Stock" means the common stock of Anicom, Inc., par value $ 0.001
per share.

      "Credit Agreement" is defined in Paragraph A of the Recitals hereto.

      "Distributions" means all stock dividends, liquidating dividends, shares
of stock resulting from stock splits, combinations, reclassifications, warrants
or options, non-cash dividends and other dividends or distributions (whether
similar or dissimilar to the foregoing) on or with respect to any Pledged Stock,
but shall not mean Dividends.

      "Dividends" means cash dividends and cash distributions with respect to
any Pledged Collateral.

      "Escrow Agent" means Harris Trust and Savings Bank, as escrow agent under
the Escrow Agreement.

      "Escrow Agreement" means the Stock Escrow Agreement, dated as of July 11,
1997, among the Pledgor, Acquisition Corp. and the Escrow Agent.

      "Escrow Period"  means the "Term" as defined in the Escrow Agreement.

      "Freely Transferable Pledged Stock" means, as of any date of
determination, Pledged Stock with respect to which all representations made in
Article III hereof applicable thereto would continue to be true and correct if
repeated on such date, and which, as of such date, (i) is pledged to the Agent
in compliance with this Agreement and in which the Agent has a perfected first
priority security interest, securing all the Obligations, (ii) is not subject to
any liens or encumbrances other than Permitted Liens. (iii) is not subject to
any restrictions on assignment, pledge, encumbrance or transfer "instrument"
(iv) is traded on the Nasdaq National Market, and (v) could be sold by the Agent
pursuant to this Agreement (A) under the exemption from the registration
requirements of the Securities Act afforded by Rule 144 promulgated by the
Securities and Exchange Commission or (B) under a registration statement filed
under and in compliance with the Securities Act which has been declared or
ordered effective by such Commission.

      "Initial Pledged Stock" means those shares of Common Stock legally and
beneficially owned by the Pledgor, more fully described on Attachment 1 hereto.
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                                      - 3 -


      "Instrument" means any contract, agreement, indenture or other document or
writing (whether by formal agreement, letter or otherwise) under which any
obligation is evidenced, assumed or undertaken, or any right to any lien or
security interest is granted or perfected.

      "Permitted Dividends" means Dividends which at the time of payment or
distribution thereof are not prohibited by the terms of the Loan Agreement.

      "Pledged Collateral" is defined in Section 2.1.

      "Pledged Stock" means the Initial Pledged Stock and all other shares of
Common Stock which is pledged by the Pledgor pursuant to this Agreement.

      "Pledgor" is defined in the introductory paragraph hereto.

      "Registration Rights Agreement" means the Registration Rights Agreement,
dated as of July 11, 1997, between the Pledgor and Anicom.

      "Securities Act" means the Securities Act of 1933, as amended.

      "U.C.C." means the Uniform Commercial Code as in effect in the
Commonwealth of Massachusetts.

      SECTION 1.2. Credit Agreement Definitions. Unless otherwise defined herein
or the context otherwise requires, terms used in this Agreement that are defined
in the Credit Agreement shall have the meanings given to such terms in the
Credit Agreement.

      SECTION 1.3. U.C.C. Definitions. Unless otherwise defined herein or the
context otherwise requires, terms for which meanings are provided in the U.C.C.
are used in this Agreement with such meanings.

      SECTION 1.4. General Provisions Relating to Definitions. Terms for which
meanings are defined in this Agreement shall apply equally to the singular and
plural forms of the term defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The term
"including" means including, without limiting the generality of any description
preceding such term. Each reference herein to any Person shall include a
reference to such Person's successors and assigns. References to any Instrument
defined in this Agreement refer to such Instrument as originally executed or, if
subsequently varied, replaced or supplemented from time to time, as so varied,
replaced or supplemented and in effect at the relevant time of reference
thereto.
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                                      - 4 -


                                   ARTICLE II

                                     PLEDGE

      SECTION 2.1. Grant of Security Interest and Pledge. The Pledgor hereby
pledges, assigns, charges and mortgages to the Agent, for the benefit of the
Banks and the Co-Agents, and hereby grants to the Agent, for the benefit of the
Banks and the Co- Agents, a continuing pledge and security interest in and to,
all of the Pledgor's right, title and interest in, to and under the following
property (the "Pledged Collateral"):

            (a)   the Initial Pledged Stock;

            (b)   all other Pledged Stock;

            (c)   all Dividends and Distributions;  and

            (d)   all products and proceeds of any of the foregoing.

      SECTION 2.2. Security for Obligations. This Agreement (and the Pledged
Collateral) secures the prompt payment in full and performance when due of all
of the Obligations. In addition, all advances, charges, costs and expenses,
including reasonable attorney's fees, incurred or paid by the Agent or any Bank
in exercising any right, power or remedy conferred by this Agreement, or in the
enforcement hereof, shall, to the extent lawful, become a part of the
Obligations secured hereby.

      SECTION 2.3. Pledgor Remains Liable. Anything herein to the contrary
notwithstanding:

            (a) the Pledgor shall remain liable under all Instruments included
      in the Pledged Collateral to the extent set forth therein to perform all
      of its duties and obligations thereunder to the same extent as if this
      Agreement had not been executed;

            (b) the exercise by the Agent of any rights hereunder shall not
      release the Pledgor from any of its duties or obligations under any
      Instruments included in the Pledged Collateral; and

            (c) the Agent shall not have any obligation or liability under any
      Instruments included in the Pledged Collateral by reason of this
      Agreement, nor shall the Agent be obligated to perform any of the
      obligations or duties of the Pledgor thereunder or to take any action to
      collect or enforce any claim for payment assigned thereunder.
<PAGE>   5
                                      - 5 -


      SECTION 2.4. Pledge and Delivery of Pledged Collateral. All certificates
or instruments representing or evidencing any Pledged Collateral to be delivered
on the date hereof or hereafter shall be:

            (a) during the Escrow Period, delivered to the Escrow Agent and held
      on behalf of the Agent pursuant hereto;

            (b) from and after the expiration date of the Escrow Period,
      delivered to the Agent pursuant hereto;

            (c) in suitable form for transfer by delivery; and

            (d) accompanied by all necessary instruments of transfer or
      assignment (including undated stock powers executed in blank) and in form
      and substance satisfactory to the Agent.

The Pledgor shall deliver all certificates or instruments representing or
evidencing the Initial Pledged Stock to the Escrow Agent on or prior to the date
hereof for the duration of the Escrow Period and from and after the expiration
date of the Escrow Period, the Agent. From and after the date hereof, the
Pledgor shall, immediately upon its receipt thereof, deliver or cause to be
delivered to the Agent in pledge hereunder any and all additional shares of
Common Stock and all other Pledged Collateral (other than Permitted Dividends
paid while no Event of Default is continuing), issued, distributed or sold to,
or purchased or otherwise acquired or received by, such Pledgor. Subject to the
terms of the Escrow Agreement, the Pledgor shall take all other action from time
to time requested by the Agent to grant to the Agent, during the Escrow Period a
[perfected ]security interest and from and after the expiration of the Escrow
Period a first priority, perfected security interest, in all of the Pledged
Collateral. The Agent shall have the right at any time to exchange certificates
or instruments representing or evidencing any Pledged Stock for certificates or
instruments of smaller or larger denominations.

      SECTION 2.5. Security Interest Absolute. All rights and security interests
of the Agent granted hereunder, and all obligations of the Pledgor hereunder,
shall be absolute and unconditional, irrespective of, and shall not be impaired
or affected by

            (a) any lack of validity or enforceability of the Credit Agreement
      or any other Loan Document or any Instrument relating to any thereof or to
      any of the Obligations;

            (b) any change in the corporate existence, structure or ownership of
      the Pledgor, or any bankruptcy or insolvency proceeding affecting the
      Pledgor or any property of the Pledgor or any resulting release or
      discharge of any Obligation;
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                                      - 6 -


            (c) the failure of any Bank or the Co-Agents

                  (i) to assert any claim or demand or to enforce any right or
            remedy against the Pledgor or any other Person under the provisions
            of the Credit Agreement or any other Loan Document to which it is a
            party or any other Instrument relating to any thereof or under any
            applicable law, or

                  (ii) to exercise any right or remedy against any Collateral;

            (d) any change in the time, manner or place of payment of, or in any
      other term of, all or any of the Obligations or any other amendment to,
      rescission, waiver or other modification of, or any consent to any
      departure from, the Credit Agreement or any other Loan Document or any
      other Instrument relating to any thereof;

            (e) any increase, reduction, limitation, impairment or termination
      of the Obligations for any reason, including any claim of waiver, release,
      surrender, alteration or compromise, and any defense or set-off,
      counterclaim, recoupment or termination whatsoever by reason of the
      invalidity, illegality, ungenuineness, irregularity, compromise, or
      unenforceability of, or any other event or occurrence affecting, any of
      the Obligations (and the Pledgor hereby waives any right to or claim of
      any such defense or set-off, counterclaim, recoupment or termination);

            (f) any sale, exchange, release, surrender or non-perfection of any
      of the Pledged Collateral or any other Collateral, or any release of or
      amendment or waiver of or consent to departure from, any guaranty held by
      the Agent or any Bank securing or guaranteeing all or any of the
      Obligations;

            (g) any defense, set-off or counterclaim which may at any time be
      available to or be asserted by the Pledgor or against any Bank or
      Co-Agent; or

            (h) any other circumstances which might otherwise constitute a
      suretyship or other defense available to, or a legal or equitable
      discharge of, the Pledgor.

      SECTION 2.6. Attorney-in-Fact. The Pledgor hereby irrevocably appoints the
Agent, and any officer or agent thereof, the Pledgor's attorney-in-fact, with
full authority in the place and stead of the Pledgor and in the name of the
Pledgor or otherwise, from time to time in the Agent's reasonable discretion
whenever an Event of Default is continuing, with respect to those actions
specified in clauses (a), (b), (c) and (e) below, and in the Agent's reasonable
discretion at any time, with respect to those actions specified in clause (d)
below, to take any and all action and to execute any Instrument or other
assurance which the Agent may deem reasonably
<PAGE>   7
                                      - 7 -


necessary or advisable to accomplish the purposes of this Agreement subject to
the rights of Anicom set forth in the Escrow Agreement, including:

            (a) to ask, demand, collect, sue for, recover, compromise, receive
      and give acquittance and receipts for moneys due and to become due under
      or in respect of any of the Pledged Collateral of the Pledgor;

            (b) to receive, endorse and collect any drafts or other Instruments
      in connection with clause (a);

            (c) to execute and do all such assurances, acts and things which the
      Pledgor is required to do under the covenants and provisions of this
      Agreement;

            (d) to take any and all actions as the Agent may reasonably
      determine to be necessary or advisable for the purpose of maintaining,
      preserving or protecting the security constituted by this Agreement or any
      of the rights, remedies, powers or privileges of the Agent under this
      Agreement; and

            (e) generally, in the name of the Pledgor or in the name of the
      Agent, to exercise all or any of the powers, authorities and discretions
      conferred on or reserved to the Agent pursuant to this Agreement.

To the extent permitted by applicable law, the Pledgor hereby ratifies and
confirms, and hereby agrees to ratify and confirm, whatever the Agent shall do
or purport to do in the exercise of the power of attorney granted to the Agent
pursuant to this Section 2.6, which power of attorney, being given for security,
is irrevocable.

      SECTION 2.7. Agent Has No Duty. The powers conferred on the Agent
hereunder are solely to protect its interest (on behalf of the Banks and the
Co-Agents) in the Pledged Collateral and shall not impose any duty on it to
exercise any such powers. Except for duties imposed by the U.C.C. upon secured
creditors (unless otherwise modified hereby), the Agent shall have no duty as to
any Pledged Collateral or responsibility for taking any necessary steps to
preserve rights against prior parties or any other rights pertaining to any
Pledged Collateral.

      SECTION 2.8. Continuing Security Interest; Transfer of Obligations. This
Agreement has created and shall create a continuing security interest in the
Pledged Collateral and shall:

            (a) remain in full force and effect until payment in full of all the
      Obligations in accordance with the Loan Documents;
<PAGE>   8
                                      - 8 -


            (b) be binding upon the Pledgor and its successors and assigns
      (provided that the Pledgor may not assign any of its obligations hereunder
      without the prior written consent of the Agent); and

            (c) inure to the benefit of the Banks and the Co-Agents and their
      successors and assigns.

Without limiting the generality of the foregoing clause (c), any Bank or
Co-Agent may assign or otherwise transfer (in whole or in part) any Loan or
other Obligation held by it to any other Person or entity in accordance with the
terms of the Credit Agreement, and such other Person or entity shall thereupon
become vested with all the benefits in respect thereof granted in this Agreement
or otherwise. Upon the payment in full in cash of all the Obligations in
accordance with the Loan Documents, the security interest granted hereby shall
terminate and all rights to the Pledged Collateral shall revert to the Pledgor.

      SECTION 2.9. Release and Termination of Security Interest. Upon any
termination or release by the Agent of security interests granted hereunder by
the Pledgor, the Agent will, at the sole expense of the Pledgor, promptly
execute and deliver to the Pledgor all such Instruments and other assurances as
the Pledgor shall reasonably request to evidence such termination or release,
including properly completed UCC-3 termination statements, and will duly assign,
transfer and deliver to the Pledgor the Pledged Collateral in the possession of
the Agent.

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

      The Pledgor represents and warrants to the Agent, for the benefit of the
Banks and the Co-Agents as set forth in this Article.

      SECTION 3.1.  Ownership, No Liens, Capitalization, etc.

            (a) The Pledgor is the sole legal and beneficial owner of, and has
      good and marketable title to (and has full right and authority to pledge
      and assign) all Pledged Collateral purported to be pledged by the Pledgor
      to the Agent hereunder (including all Pledged Collateral indicated on
      Attachment 1 hereto as being owned by the Pledgor), free and clear of all
      liens or other encumbrances, except for the interest granted during the
      Escrow Period by the Pledgor to Acquisition Corp. described in the Escrow
      Agreement, and the security interest created by this Agreement in favor of
      the Co-Agents and the Banks.
<PAGE>   9
                                      - 9 -


            (b) The description of the authorized, issued and outstanding shares
      of Common Stock set forth on Attachment 1 hereto based upon the
      representations and warranties of Anicom made in the Purchase Agreement,
      is true, correct and complete.

            (c) There are no outstanding agreements, options, warrants or other
      similar rights or obligations which require or could require the Pledgor
      to issue, sell, transfer, pledge or otherwise dispose of any Pledged
      Collateral other than the Escrow Agreement and the Purchase Agreement.

            (d) Other than the Registration Rights Agreement and the Escrow
      Agreement, no Pledged Collateral is subject to any Instrument.

      SECTION 3.2. Valid Security Interest. The execution and delivery of this
Agreement, and the delivery of Pledged Stock to or on behalf of the Agent, is
effective to create, in favor of the Agent for the benefit of the Banks and the
Co-Agents, a valid, perfected, first-priority security interest in such Pledged
Stock, except as otherwise provided in the Escrow Agreement and no filing,
action or other approval is or will be necessary to perfect, protect or enforce
such security interest.

      SECTION 3.3. Pledged Equity. All of the Pledged Stock has been duly
authorized and validly issued and is fully paid and non-assessable. All the
Pledged Stock upon the expiration date of the Escrow Agreement shall be Freely
Transferable Pledged Stock.

      SECTION 3.4. Authorization, Approval, etc. No authorization, approval or
other action by any Person has been or will be required either:

            (a) for the pledge by the Pledgor of any Pledged Collateral required
      to be pledged under the terms of this Agreement, for the execution,
      delivery or performance of this Agreement by the Pledgor, or for the
      validity or enforceability of any such pledge or this Agreement;

            (b) for the exercise by the Agent of the voting rights (except
      during the Escrow Period, which shall be subject to the terms of the
      Escrow Agreement) or other rights provided for in this Agreement; or

            (c) except as may be required in connection with any disposition of
      Pledged Collateral by applicable laws affecting the offering and sale of
      securities generally, for the exercise by the Agent of any remedies in
      respect of the Pledged Collateral pursuant to this Agreement.
<PAGE>   10
                                     - 10 -


      SECTION 3.5. Purchase Agreement. The copy of the Purchase Agreement
heretofore delivered to the Agent is a true, correct and complete copy thereof,
and has not been amended, modified or supplemented in any respect, except for
any such amendments, modifications or supplements as are attached to the copy
thereof delivered to the Agent.

      SECTION 3.6. No Conflict. The execution, delivery and performance of this
Agreement by the Pledgor will not conflict with, result in any violation of, or
constitute any default under any Instrument or other agreement to which it is a
party.

      SECTION 3.7. Validity, etc.. This Agreement has been duly executed and
delivered by the Pledgor and is in full force and effect, and the agreements and
obligations of the Pledgor contained in this Agreement constitute the legal,
valid and binding obligations of the Pledgor, enforceable against the Pledgor in
accordance with their terms. The enforceability of this Agreement against the
Pledgor shall be subject to bankruptcy, insolvency, reorganization, moratorium
or similar laws at the time in effect affecting the enforceability of the rights
of creditors generally.


                                   ARTICLE IV

                                    COVENANTS

      SECTION 4.1. Certain Affirmative Covenants of the Pledgor. The Pledgor
covenants and agrees with the Agent, for the benefit of each of the Co-Agents
and the Banks, and warrants that, until all the Obligations have been paid in
full in cash in accordance with the Loan Documents, the Pledgor will:

      SECTION 4.1.1. Further Assurances Generally. Defend the right and title
herein granted unto the Agent in and to the Pledged Collateral (and all right,
title and interest represented or evidenced by the Pledged Collateral) against
the claims and demands of any other Person; promptly execute and deliver all
further Instruments and other assurances, and take, or cause to be taken, all
further action, at the expense of the Pledgor, that may be reasonably necessary
or desirable, or that the Agent may reasonably request, in order to perfect or
protect any security interest purported to be granted under this Agreement or to
enable the Agent to exercise or enforce its rights and remedies hereunder with
respect to any Pledged Collateral; and furnish to the Agent all such financing
statements, certificates, legal opinions and other documents, and obtain all
such approvals or consents as the Agent may reasonably request in order to give
full effect to this Agreement and to maintain, preserve, safeguard and continue
at all times all or any of the rights, remedies, powers and privileges of the
Agent under this Agreement; and cause Anicom to issue substitute stock
certificates for any stock certificates
<PAGE>   11
                                     - 11 -


issued by Anicom and delivered to the Agent hereunder in any share denomination
that the Agent may request.

      SECTION 4.1.2. Stock Powers, Instruments etc. From time to time upon the
request of the Agent, (a) promptly deliver to the Agent such stock powers,
instructions to register pledge, Instruments and similar documents, satisfactory
in form and substance to the Agent, with respect to the Pledged Collateral as
the Agent may request, and (b) during the continuance of any Event of Default,
promptly transfer any Collateral into the name of the Agent or any nominee
designated by the Agent.

      SECTION 4.1.3. Continuous Pledge. Subject to Section 2.9 hereof, keep
pledged to the Agent pursuant hereto all Pledged Collateral.

      SECTION 4.1.4. Voting Rights; Dividends, etc.:

            (a) If no Event of Default is continuing, be entitled to (i)
      exercise, in its reasonable judgment, but in a manner that would not
      impair the Pledged Collateral and that would not be inconsistent with the
      terms of this Agreement, the Credit Agreement or any other Loan Document,
      the voting power and all other incidental rights of ownership with respect
      to all Pledged Stock, and (ii) receive and retain all Dividends payable or
      distributable to the Pledgor.

            (b) If an Event of Default is continuing, deliver to the Agent:

                  (i) promptly upon receipt thereof by the Pledgor (properly
            endorsed where required hereby or requested by the Agent), all
            Dividends, which shall be distributed and applied in accordance with
            Section 5.2, and all Distributions, which shall be held by the Agent
            in pledge subject to the terms of this Agreement; and

                  (ii) promptly upon request of the Agent, such proxies and
            other documents as may be necessary to allow the Agent to exercise
            voting power with respect to any Pledged Collateral.

      SECTION 4.2. No Other Liens. The Pledgor agrees with the Agent, for the
benefit of Banks and the Co-Agents, and warrants that, until all the Obligations
are paid in full in accordance with the Loan Documents, the Pledgor will not
enter into any stockholders agreement with respect to any Pledged Collateral or
sell, assign, transfer, pledge, hypothecate or otherwise encumber or permit to
exist any liens or other encumbrances on any of the Pledged Collateral (except
in favor of Anicom pursuant to the Escrow Agreement and the Agent pursuant to
the terms hereof or as otherwise permitted by the Credit Agreement).
<PAGE>   12
                                     - 12 -



      SECTION 4.3. No Modification of Registration Rights Agreement, Purchase
Agreement and Escrow Agreement The Pledgor agrees that the Pledgor:

            (a) will not consent to any modifications of or amendment or
      supplement to the Registration Rights Agreement, the Purchase Agreement or
      the Escrow Agreement or waive any rights or benefits under any such
      Instrument without the prior written consent of the Banks, if such
      amendment, modification or supplement or waiver could adversely affect
      rights or interests of the Co-Agents or the Banks;

            (b) will use all reasonable efforts to cause Anicom to (i) satisfy
      all the conditions of paragraph (c)(i) of Rule 144 promulgated by the
      Securities and Exchange Commission with respect to public information, and
      (ii) continue to be eligible for listing, and be listed, on the Nasdaq
      National Market.


                                    ARTICLE V

                                    REMEDIES

      SECTION 5.1. Actions upon Event of Default under the Loan Agreement.

            (a) Subject to the terms of the Escrow Agreement during the Escrow
      Period, if any Event of Default is continuing, the Agent may exercise in
      respect of the Pledged Collateral, (i) in addition to all other rights and
      remedies provided for herein or otherwise available to it, all rights and
      remedies of a Bank upon default under the U.C.C. (whether or not the
      U.C.C. applies to the affected Pledged Collateral) or other applicable law
      and (ii) without notice except as specified below, sell the Pledged
      Collateral or any part thereof in one or more parcels at public or private
      sales, at any one of the Agent's offices or elsewhere, for cash or credit
      or for future delivery, and upon such other terms as the Agent may deem
      commercially reasonable. The Pledgor agrees that, to the extent notice of
      sale shall be required by applicable law, at least five (5) Business Days'
      notice to the Pledgor of the time and place of any public sale or the time
      after which any private sale is to be made shall constitute reasonable
      notification. The Agent shall not be obligated to make any sale of Pledged
      Collateral regardless of notice of sale having been given. The Agent may
      adjourn any public or private sale from time to time by announcement at
      the time and place fixed therefor, and such sale may, without further
      notice, be made at the time and place to which it was so adjourned.
      Without limitation of the above but subject to the Escrow Agreement during
      the Escrow Period, the Agent may, whenever any Event of Default is
      continuing, without prior notice to the Pledgor, take all or any of the
      following actions:
<PAGE>   13
                                     - 13 -


                  (A) take in the name of the Agent or in the name of the
            Pledgor, such action as the Agent may determine to be necessary or
            advisable to protect or enforce any of the rights, powers,
            privileges or remedies of the Pledgor under the Registration Rights
            Agreement,

                  (B) transfer all or any part of the Pledged Collateral into
            the name of the Agent or its nominee;

                  (C) vote any or all of the Pledged Collateral (whether or not
            the same shall have been transferred into its name or the name of
            its nominee or nominees) for any lawful purpose (including in
            connection with any bankruptcy or insolvency proceeding), give all
            consents, waivers and ratifications in respect of the Pledged
            Collateral, and otherwise act with respect thereto as though it were
            the outright owner thereof;

                  (D) enforce collection of any of the Pledged Collateral by
            suit or otherwise, and surrender, release or exchange all or any
            part thereof, or compromise or extend or renew for any period
            (whether or not longer than the original period) any obligations of
            any nature of any party with respect thereto;

                  (E) endorse any checks, drafts or other writings in the
            Pledgor's name to allow collection of the Pledged Collateral;

                  (F) take control of any products or proceeds of the Pledged
            Collateral;

                  (G) execute (in the name, place and stead of the Pledgor)
            endorsements, assignments, stock powers and other instruments of
            conveyance or transfer with respect to all or any of the Pledged
            Collateral; and

                  (H) generally, do all such other acts and things as may be
            considered incidental or conducive to any of the matters or powers
            mentioned in the foregoing provisions of this paragraph (a) and
            which the Agent may or can do lawfully and to use the name of the
            Pledgor for such purposes and in any proceedings arising therefrom.

            (b) The Pledgor recognizes that the Agent may be unable to effect a
      public sale of the Pledged Stock by reason of certain prohibitions
      contained in the Securities Act, and other applicable laws, but may be
      compelled to resort to one or more private sales thereof to a restricted
      group of purchasers. The Pledgor agrees that any such private sales may be
      at prices and upon other terms less favorable to the seller than if
<PAGE>   14
                                     - 14 -


      sold at public sales and that such private sales shall not by reason
      thereof be deemed not to have been made in a commercially reasonable
      manner.

            (c) The Agent may buy any part or all of the Pledged Collateral at
      any public sale and if any part or all of the Pledged Collateral is of a
      type customarily sold in a recognized market, or is of the type which is
      the subject of widely distributed price standard price quotations, the
      Agent may buy at private sale, and may make payments thereof by any means.

      SECTION 5.2. Application of Proceeds. All cash proceeds received by the
Agent in respect of any sale of, collection from, or other realization upon, all
or any part of the Pledged Collateral shall be distributed by the Agent in the
following order:

            (a) first, to the Co-Agents, on account of the payment of, or the
      reimbursement of the Co-Agents for, all costs and expenses incurred or
      sustained by the Co-Agents that are required by the terms of this
      Agreement, the Credit Agreement or any other Loan Document to be paid or
      reimbursed by the Pledgor; and

            (b) second, to the Banks, pro rata, for application to the payment
      of all other Obligations (i) if no Event of Default is continuing, in such
      order as shall be required by the terms of the Credit Agreement and (ii)
      if an Event of Default is continuing, in such order as the Co-Agents shall
      determine in their sole discretion.

Any surplus of such cash proceeds held by the Agent and remaining after payment
in full of all the Obligations in accordance with the Loan Documents shall be
paid over to the Pledgor or to whomsoever may be lawfully entitled to receive
such surplus and who shall have notified the Agent of such entitlement in
accordance with applicable law. The Pledgor shall remain liable for any
deficiency.

      SECTION 5.3. Indemnity and Expenses. The Pledgor hereby indemnifies and
holds harmless each Co-Agent and each Bank, and the shareholders, officers,
directors, employees, agents, Subsidiaries and Affiliates of each such Person,
from and against any and all claims, losses and liabilities arising out of or
resulting from this Agreement (including the enforcement thereof), except for
any portion of such claims, losses or liabilities which a court of competent
jurisdiction has found, in a final, nonappealable order, resulted by reason of
such Person's gross negligence or wilful misconduct. Upon demand, the Pledgor
will pay to the Agent the amount of any and all expenses, including the
reasonable fees and disbursements of its counsel and of any experts, which the
Agent may incur in connection with:

            (a) the administration of this Agreement or any Instrument relating
      hereto;
<PAGE>   15
                                     - 15 -


            (b) the custody, preservation, use or operation of, or the sale of,
      collection from, or other realization upon, any of the Pledged Collateral;

            (c) the exercise or enforcement of any of the rights of the Agent
      hereunder;

            (d) the failure by the Pledgor to perform or observe any of the
      provisions hereof; or

            (e) the advancing of any funds in connection with actions taken
      pursuant to Section 6.3 hereof.

      SECTION 5.4. No Waiver; Remedies Cumulative. No delay, act or omission on
the part of the Agent of any of its rights hereunder shall be deemed a waiver of
any rights hereunder unless also contained in a writing signed by the Agent, nor
shall any single or partial exercise of, or any failure to exercise, any right,
power or privilege preclude any other or further or initial exercise thereof or
of any other right, power or privilege. The rights and remedies provided herein
are cumulative, and not exclusive of rights and remedies which may be granted or
provided by applicable law.

      SECTION 5.5. Marshalling. Neither the Agent nor any Bank shall be required
to marshal any present or future collateral security (including this Agreement
and the Pledged Collateral) for, or other assurances of payment of, the
Obligations or any of them or to resort to such collateral security or other
assurances of payment in any particular order, and all of the rights of the
Agent hereunder and the Co-Agents or any Bank in respect of such collateral
security and other assurances of payment shall be cumulative and in addition to
all other rights, however existing or arising. To the extent that it lawfully
may, the Pledgor hereby agrees that it will not invoke any applicable law
relating to the marshalling of collateral or assurances of payment which might
cause delay in or impede the enforcement of the Agent's rights under this
Agreement or under any other Instrument creating or evidencing any of the
Obligations or under which any of the Obligations is outstanding or by which any
of the Obligations is secured or payment thereof is otherwise assured, and, to
the extent that they lawfully may, the Pledgor hereby irrevocably waives the
benefits of all such laws.


                                   ARTICLE VI

                            MISCELLANEOUS PROVISIONS

      SECTION 6.1. Collateral Document, etc. This Agreement is a Loan Document
executed pursuant to the Credit Agreement and shall (unless otherwise expressly
indicated herein) be construed, administered and applied in accordance with the
terms and provisions thereof.
<PAGE>   16
                                     - 16 -


      SECTION 6.2. Amendments, etc. No amendment to any provision of this
Agreement shall in any event be effective unless the same shall be in writing
and signed by the Agent and the Pledgor. No waiver of any provision of this
Agreement nor consent to any departure by the Pledgor herefrom shall in any
event be effective unless the same shall be in writing and signed by the Agent,
and then such waiver or consent shall be effective only in the specific instance
and for the specific purpose for which it is given.

      SECTION 6.3. Protection of Collateral. The Agent may from time to time, at
its option, perform any act which the Pledgor agrees hereunder to perform and
which the Pledgor shall fail to perform after being requested in writing to so
perform and the Agent may from time to time take any other action which the
Agent reasonably deems necessary for the maintenance, preservation or protection
of any of the Pledged Collateral or of the security interest therein.

      SECTION 6.4. Addresses for Notices. All notices and other communications
provided for hereunder shall be in writing or by facsimile transmission and, if
to the Pledgor or the Agent, addressed or delivered to it at the address set
forth therefor in to the Credit Agreement, or as to any party at such other
address as shall be designated by such party in a written notice to the other
parties complying as to delivery with the terms of this Section. Any such
notices and other communications, if mailed and properly addressed with postage
prepaid or transmitted by facsimile transmission, shall be deemed given when
received.

      SECTION 6.5. Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

      SECTION 6.6. CONSENT TO JURISDICTION. THE PLEDGOR BY ITS EXECUTION HEREOF
(A) HEREBY IRREVOCABLY SUBMITS TO THE NON- EXCLUSIVE JURISDICTION OF THE STATE
COURTS OF THE COMMONWEALTH OF MASSACHUSETTS AND TO THE NON-EXCLUSIVE
JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF
MASSACHUSETTS FOR THE PURPOSE OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING
OUT OF OR BASED UPON THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE SUBJECT
MATTER HEREOF OR THEREOF, AND (B) HEREBY WAIVES TO THE EXTENT NOT PROHIBITED BY
APPLICABLE LAW, AND AGREES NOT TO ASSERT, BY WAY OF MOTION, AS A DEFENSE OR
OTHERWISE, IN ANY SUCH PROCEEDING, ANY CLAIM THAT IT IS NOT SUBJECT PERSONALLY
TO THE JURISDICTION OF THE ABOVE-NAMED COURTS, THAT ITS PROPERTY IS EXEMPT OR
IMMUNE FROM ATTACHMENT OR EXECUTION, THAT ANY SUCH PROCEEDING BROUGHT IN ONE OF
THE ABOVE-NAMED COURTS IS IMPROPER,
<PAGE>   17
                                     - 17 -


OR THAT THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR THE SUBJECT MATTER HEREOF
OR THEREOF MAY NOT BE ENFORCED IN OR BY SUCH COURT. THE PLEDGOR HEREBY CONSENTS
TO SERVICE OF PROCESS IN ANY SUCH PROCEEDING IN ANY MANNER PERMITTED BY CHAPTER
223A OF THE GENERAL LAWS OF THE COMMONWEALTH OF MASSACHUSETTS, AND AGREES THAT
SERVICE OF PROCESS BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, AT
ITS ADDRESS SPECIFIED IN OR PURSUANT TO SECTION 6.4 IS REASONABLY CALCULATED TO
GIVE ACTUAL NOTICE.

      SECTION 6.7.  GOVERNING LAW.  THIS AGREEMENT HAS BEEN EXECUTED
AND DELIVERED IN THE COMMONWEALTH OF MASSACHUSETTS AND SHALL IN ALL RESPECTS BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF SUCH STATE
APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE.

      SECTION 6.8. Counterparts. This Agreement may be executed by the parties
hereto in several counterparts, each of which shall be deemed to be an original
and all of which shall constitute together but one and the same agreement.

      SECTION 6.9. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY
APPLICABLE LAW WHICH CANNOT BE WAIVED, THE PLEDGOR HEREBY WAIVES, AND COVENANTS
THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY
RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT OR THE SUBJECT MATTER HEREOF OR THEREOF OR ANY OBLIGATION OR
IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
PLEDGOR IN CONNECTION WITH ANY OF THE ABOVE, IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING AND WHETHER IN CONTRACT OR TORT OR OTHERWISE. THE PLEDGOR
ACKNOWLEDGES THAT THE PROVISIONS OF THIS SECTION 6.9 CONSTITUTE A MATERIAL
INDUCEMENT UPON WHICH THE AGENT IS RELYING AND WILL RELY IN ENTERING INTO THIS
AGREEMENT. THE AGENT OR THE PLEDGOR MAY FILE AN ORIGINAL COUNTERPART OR A COPY
OF THIS SECTION 6.9 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE
AGENT AND THE PLEDGOR TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
<PAGE>   18
                                     - 18 -


      IN WITNESS WHEREOF, the parties hereto have executed or have caused this
Agreement to be executed by their respective officers thereunto duly authorized
as of the day and year first above written.



                                          NBD BANK, As Agent



                                          By:/s/ Erik W. Bakker
                                             ----------------------------------
                                             Erik W. Bakker, Vice President



                                          CONNECTIVITY PRODUCTS
                                            INCORPORATED



                                          By:/s/ James S. Harrington
                                             ----------------------------------
                                             Name:  James S. Harrington
                                             Title: President
<PAGE>   19
                                     - 19 -


ATTACHMENT 1
(to the Stock Pledge Agreement)


PLEDGED STOCK:

<TABLE>
<CAPTION>
========================================================================================
                                                   ISSUED
                                                     AND
                                   AUTHORIZED    OUTSTANDING     PLEDGED    CERTIFICATE
      PLEDGOR            ISSUER      SHARES        SHARES        SHARES       NUMBER

----------------------------------------------------------------------------------------
<S>                     <C>        <C>          <C>              <C>        <C>

                                                                                 --

----------------------------------------------------------------------------------------
Connectivity Products              60,000,000    15,811,105      190,476
Incorporation          Anicom        common        common        common
                                    1,000,000   27,000 Series
                                   preferred          A
                                                 Convertible
                                                  Preferred
----------------------------------------------------------------------------------------
</TABLE>
<PAGE>   20
                                   SCHEDULE 1

                       Commitments, Commitment Percentages

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                             Revolving
                             Revolving        Credit                       Line of Credit                 Term Loan A    Term Loan B
                              Credit        Commitment     Line of Credit   Commitment     Term Loan A    Commitment     Commitment
         Bank               Commitment      Percentage      Commitment      Percentage     Commitment     Percentage     Percentage
------------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>             <C>            <C>              <C>            <C>            <C>            <C>
BankBoston, N.A. f/k/a      $6,000,000          50%         $3,000,000          50%        $6,000,000         50%            50%
The First National Bank
of Boston
Domestic Lending Office
One Federal Street
Boston, MA  02110
LIBOR Lending Office
Same as Above

------------------------------------------------------------------------------------------------------------------------------------
NBD Bank                    $6,000,000          50%         $3,000,000          50%        $6,000,000         50%            50%
Domestic Lending Office
Michigan Banking
Division
611 Woodward Avenue
Detroit, Michigan  48226
LIBOR Lending Office
Same as above
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>