Document:

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                    REMARKETING AGREEMENT, February 9, 2000 (this "AGREEMENT"),
               among (i) The Titan Corporation, a Delaware corporation (the
               "COMPANY"), (ii) Titan Capital Trust, a Delaware business trust
               (the "TRUST"), (iii) Wilmington Trust Company, as Tender Agent
               and  (iv)  Credit Suisse First Boston Corporation, a
               Massachusetts corporation (together with its successors and
               assigns, the "REMARKETING AGENT").

                                       RECITALS

          WHEREAS the Trust is a statutory business trust that has been created
under Delaware law and exists pursuant to the Trust Agreement (as defined below)
and a certificate of trust filed with the Delaware Secretary of State; and

          WHEREAS the Trust is issuing on today's date or has heretofore issued
$200,000,000 (or up to $250,000,000 to the extent the over-allotment option is
exercised in full) aggregate Liquidation Amount (as defined below) of
Remarketable Term Income Deferrable Equity Securities (HIGH TIDES)K, liquidation
amount $50 per security (the "HIGH TIDES") representing preferred undivided
beneficial interests in the assets of the Trust and has used the proceeds of the
HIGH TIDES, together with the proceeds of $6,185,600 (or up to $7,732,000 to the
extent the over-allotment option is exercised in full) aggregate Liquidation
Amount of its Common Securities (as defined in the Trust Agreement) of the
Trust, to purchase $206,185,600 (or up to $257,732,000 to the extent the
over-allotment option is exercised in full) aggregate principal amount of
Convertible Senior Subordinated Debentures Due 2030 (the "DEBENTURES") issued by
the Company pursuant to the Indenture (as defined below);

          NOW, THEREFORE, the parties hereto agree as follows:

          SECTION 1.  DEFINITIONS.  (a)  The following terms shall have the
meanings indicated below:

          "ADDITIONAL AMOUNTS" has the meaning specified in the Indenture.

          "ADMINISTRATIVE TRUSTEES" has the meaning specified in the definition
of Trust Agreement in this Section 1.

          "BROKER-DEALER" has the meaning assigned to such term in Section 5.

          "BROKER-DEALER AGREEMENT" means an agreement between the Remarketing
Agent and a Broker-Dealer.

          "BUSINESS DAY" means a day other than (a) a Saturday or Sunday, (b) a
day on which banking institutions in The City of New York are authorized or
required by law or executive order to remain closed, or (c) a day on which the
Property Trustee's or Debenture

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Trustee's Corporate Trust Office (as defined in the Trust Agreement with respect
to the Property Trustee and in the Indenture with respect to the Debenture
Trustee) is closed for business.

          "CAUSE" means any one of the following events or circumstances shall
have occurred and be continuing:  (i) the bankruptcy or insolvency of the
Remarketing Agent; or (ii) the Remarketing Agent shall cease to be registered as
a broker-dealer under the Exchange Act.

          "CLOSING PRICE" means for any security on any day the last reported
sale price of the security on that day, or in case no sale takes place on that
day, the average of the closing bid and asked prices in each case on the
principal national securities exchange on which the securities are listed or
admitted to trading or, if not listed or admitted to trading on any national
securities exchange, on the National Market System of the National Association
of Securities Dealers, Inc. or any successor national automated interdealer
quotation system (the "NMS") or, if the securities are not listed or admitted to
trading on any national securities exchange or quoted on the NMS, the average of
the closing bid and asked prices of the security in the over-the-counter market
as furnished by any New York Stock Exchange member firm selected by the Company
for that purpose.

          "COMMISSION" means the Securities and Exchange Commission or any
successor thereto.

          "COMMON STOCK" has the meaning assigned to such term in the Indenture.

          "COMPANY" has the meaning assigned to such term in the preamble to
this Agreement.

          "COMPARABLE TREASURY ISSUE" means the United States Treasury security
selected by the Quotation Agent as having a maturity comparable to the Remaining
Life that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities
of comparable maturity to the Remaining Life. If no United States Treasury
security has a maturity which is within a period from three months before to
three months after the Reset Date, the two most closely corresponding United
States Treasury securities shall be used as the Comparable Treasury Issue, and
the rate being calculated shall be interpolated or extrapolated on a
straight-line basis, rounding to the nearest month using such securities.

          "COMPARABLE TREASURY PRICE" means (A) the arithmetic mean of five
Reference Treasury Dealer Quotations, after excluding the highest and lowest
such Reference Treasury

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Dealer Quotations, or (B) if the Quotation Agent obtains fewer than five such
Reference Treasury Dealer Quotations, the arithmetic mean of all such Reference
Treasury Dealer Quotations.

          "CONVERTIBLE REMARKETING" has the meaning specified in Section 2(d).

          "DEBENTURE TRUSTEE" means Wilmington Trust Company, as Trustee under
the Indenture (including its successors as Debenture Trustee thereunder).

          "DEBENTURES" has the meaning assigned to such term in the recitals to
this Agreement.

          "DECLARATION TRUSTEES" means collectively, the Property Trustee, the
Delaware Trustee and the Administrative Trustees.

          "DISCLOSURE DOCUMENTS" means the Registration Statement, or if the
Registration Statement is not required to be filed with the Commission pursuant
to Section 2(b), the Nonregistered Offering Documents, including any preliminary
offering document or Preliminary Prospectus, as applicable, and as each may be
amended or supplemented.

          "EFFECTIVE TIME" means the date and time as of which the Registration
Statement or its most recent post-effective amendment is declared effective by
the Commission.

          "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended
from time to time.

          "FAILED FINAL REMARKETING" has the meaning specified in Section 2(d).

          "FINAL REMARKETING" has the meaning specified in Section 2(d).

          "FINAL REMARKETING PERIOD" means the period beginning on the Business
Day immediately following the Initial Remarketing Termination Date and ending on
the day which is ten (10) Business Days (or such shorter period as shall be
agreed to by the Remarketing Agent) after the Initial Remarketing Termination
Date.

          "FINAL RESET DATE" means February 15, 2005.

          "GLOBAL SECURITY CERTIFICATE" has the meaning assigned to (i) the term
"Global Preferred Securities" in the Trust Agreement if the Subject Securities
are HIGH TIDES or (ii) the term "Global Security" in the Indenture if the
Subject Securities are Debentures.

          "HIGH TIDES" has the meaning assigned to such term in the recitals to
this Agreement.

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          "INDENTURE" means the Indenture, dated as of February 9, 2000, between
the Company and the Debenture Trustee, as such indenture may from time to time
be amended, modified or supplemented.

          "INITIAL FAILED REMARKETING" has the meaning specified in Section
2(d).

          "INITIAL REMARKETING" has the meaning specified in Section 2(d).

          "INITIAL REMARKETING PERIOD" means the period beginning on the first
Business Day immediately following the Tender Notification Date and ending on
the day which is ten (10) Business Days (or such shorter period as shall be
agreed to by the Remarketing Agent) after the Tender Notification Date.

          "INITIAL REMARKETING TERMINATION DATE" means the tenth (10) Business
Day following the Tender Notification Date (or such shorter period as shall be
agreed to by the Remarketing Agent).

          "INTEREST" means all quarterly payments, interest (to the extent
permitted by applicable law) on quarterly payments not paid on the applicable
Interest Payment Date and Additional Amounts, as applicable.

          "INTEREST PAYMENT DATE" has the meaning specified in the Indenture and
the Trust Agreement.

          "LIQUIDATION AMOUNT" means, with respect to a HIGH TIDES or Common
Security, its stated liquidation amount of $50.

          "MARKET EVENT" means the occurrence of (i) a change in U.S. or
international financial, political or economic conditions or currency exchange
rates or exchange controls as would, in the sole judgment of the Remarketing
Agent, be likely to prejudice materially the success of the Remarketing, issue,
sale or distribution of the Subject Securities, or (ii) (A) any change, or any
development or event involving a prospective change, in the condition (financial
or other), business, properties or results of operations of the Company or its
subsidiaries which, in the sole judgment of the Remarketing Agent, is material
and adverse and makes it impractical or inadvisable to proceed with completion
of the Remarketing or the sale of and payment for the Subject Securities; (B)
any downgrading in the rating of the Subject Securities or any other debt
securities of the Company by any "nationally recognized statistical rating
organization" (as defined for purposes of Rule 436(g) under the Securities Act),
or any public announcement that any such organization has under surveillance or
review its rating of the Subject Securities or any other debt securities of the
Company (other than an announcement with positive implications of a possible
upgrading, and no implication of a possible downgrading, of such rating); (C)
any suspension or limitation of trading in securities generally on the New York
Stock Exchange, or any setting of minimum prices for trading on such exchange,
or any suspension of trading of any securities of the Company on any exchange or
in the over-the-counter market; (D) any banking

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moratorium declared by U.S. Federal or New York authorities; or (E) any outbreak
or escalation of major hostilities in which the United States is involved, any
declaration of war by Congress or any other substantial national or
international calamity or emergency if, in the sole judgment of the Remarketing
Agent, the effect of any such outbreak, escalation, declaration, calamity or
emergency makes it impractical or inadvisable to proceed with completion of the
Remarketing or the sale of and payment for the Subject Securities.

          "MAXIMUM RATE" means a rate per annum equal to the Treasury Rate plus
10%.

          "NO REGISTRATION OPINION" means an opinion of Securities Counsel that
the securities issuable in the Remarketing do not need to be registered under
the Securities Act and that no other filing of any kind is required to be made
with the Commission as a condition to the sale of such securities, which No
Registration Opinion shall be reasonably satisfactory to the Remarketing Agent
and its counsel.

          "NONCONVERTIBLE REMARKETING" has the meaning specified in Section
2(d).

          "NONREGISTERED OFFERING DOCUMENTS" has the meaning specified in
Section 6(a).

          "NOTICE OF PURCHASERS" means a notice delivered by the Remarketing
Agent on the Reset Date to (i) the Tender Agent if the Subject Securities are
not evidenced by a Global Security Certificate on the Reset Date or (ii) The
Depository Trust Company if the Subject Securities are evidenced by a Global
Security Certificate on the Reset Date, in either case naming the parties who
will purchase the Subject Securities from the Remarketing Agent.

          "OFFERING CIRCULAR" means the confidential offering circular, dated as
of February 3, 2000, relating to the issuance by the Trust of the HIGH TIDES.

          "PAR AMOUNT" means $50 per Subject Security.

          "PAYING AGENT" has the meaning specified in the Trust Agreement.

          "PRELIMINARY PROSPECTUS" means each prospectus included in the
Registration Statement, or amendment thereof, before it becomes effective under
the Securities Act and any prospectus which may be filed by the Company with the
Commission pursuant to Rule 424(a) (or any successor applicable rule) of the
rules and regulations under the Securities Act (the "RULES AND REGULATIONS") in
connection with the Registration Statement.
          "PRIMARY TREASURY DEALER" has the meaning specified in the definition
of Quotation Agent in this Section 1.

          "PROPERTY TRUSTEE" has the meaning specified in the definition of
Trust Agreement in this Section 1.

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          "PROSPECTUS" means the final prospectus which will be filed with the
Commission pursuant to Rule 424(b) (or any successor applicable rule) of the
Rules and Regulations and deemed to be a part of the Registration Statement at
the time of its effectiveness under the Securities Act pursuant to paragraph (b)
of Rule 430A (or any successor applicable rule) of the Rules and Regulations.

          "QUOTATION AGENT" means Credit Suisse First Boston Corporation and its
successors; PROVIDED, HOWEVER, that if Credit Suisse First Boston Corporation or
its successors shall cease to be a primary United States Government securities
dealer in The City of New York (a "PRIMARY TREASURY DEALER"), the Company shall
substitute therefor another Primary Treasury Dealer.

          "REFERENCE TREASURY DEALER" means (i) the Quotation Agent and (ii) any
other Primary Treasury Dealer selected by the Debenture Trustee after
consultation with the Company.

          "REFERENCE TREASURY DEALER QUOTATIONS" means, with respect to each
Reference Treasury Dealer, the arithmetic mean, as determined by the Debenture
Trustee of the bid and asked prices for the Comparable Treasury Issue (expressed
in each case as a percentage of its principal amount) quoted in writing to the
Debenture Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City
time, on the third Business Day preceding the Reset Date.

          "REGISTRATION STATEMENT" means a registration statement covering the
securities to be issued in the Remarketing filed with the Commission pursuant to
the Securities Act, including any amendments thereto and any document or other
information incorporated by reference therein.

          "REMAINING LIFE" means the period beginning on (and including) the
Reset Date and ending on February 15, 2030.

          "REMARKETING" means the remarketing of all HIGH TIDES tendered as set
forth herein.

          "REMARKETING AGENT" has the meaning assigned to such term in the
preamble to this Agreement (including any successor Remarketing Agent).

          "REMARKETING CONDITIONS" means the following factors:  (i) short-term
and long-term market rates and indices of such short-term and long-term rates,
(ii) market supply and demand for short-term and long-term securities, (iii)
yield curves for short-term and long-term securities comparable to the Subject
Securities, (iv) industry and financial conditions which may affect the Subject
Securities, (v) the number of Subject Securities to be remarketed, (vi) the
number of potential purchasers, (vii) the current ratings by nationally
recognized statistical rating organizations of long-term subordinated debt of
the Company and of other outstanding capital securities of the Company's trust
subsidiaries, (viii) the number of shares of Common Stock, if

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any, into which the Subject Securities will be convertible and (ix) the length
and type of call protections, if any.

          "REMARKETING NOTICE" has the meaning specified in Section 2(d).

          "RESET DATE" means any date (1) not later than February 15, 2005 (the
Final Reset Date) or, if such date is not a Business Day, the next succeeding
Business Day and (2) not earlier than 70 Business Days prior to February 15,
2005, as may be determined by the Remarketing Agent, in its sole discretion.

          "RULES AND REGULATIONS" has the meaning specified in the definition of
Preliminary Prospectus in this Section 1.

          "SECURITIES ACT" means the Securities Act of 1933, as amended from
time to time.

          "SECURITIES COUNSEL" means counsel experienced in matters relating to
securities law.

          "SUBJECT SECURITIES" means (i) the HIGH TIDES if, on the Reset Date,
the Debentures have not been distributed to holders of HIGH TIDES in connection
with a liquidation or dissolution of the Trust or (ii) otherwise, the
Debentures.

          "TENDER AGENT" means (i) the Property Trustee if the Subject
Securities are HIGH TIDES or (ii) the Debenture Trustee if the Subject
Securities are Debentures.

          "TENDER NOTIFICATION DATE" means a Business Day no earlier than ten
(10) Business Days following the date of the Remarketing Notice (or such shorter
period as shall be agreed to by the Remarketing Agent).

          "TERM CALL PROTECTIONS" has the meaning assigned to such term in
Section 2(c).

          "TERM CONVERSION PRICE" has the meaning assigned to such term in
Section 2(c).

          "TERM CONVERSION RATIO" has the meaning assigned to such term in
Section 2(c).
          "TERM PROVISIONS" has the meaning specified in Section 2(c).

          "TERM RATE" has the meaning assigned to such term in Section 2(c).

          "TREASURY RATE" means (i) the yield, under the heading which
represents the average for the week immediately prior to the date of
calculation, appearing in the most recently published statistical release
designated H.15(519) or any successor publication which is published weekly by
the Federal Reserve and which establishes yields on actively traded United
States Treasury securities adjusted to constant maturity under the caption
"Treasury Constant Maturities," for the maturity corresponding to the Remaining
Life (if no maturity is within three

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months before or after the Remaining Life, yields for the two published
maturities most closely corresponding to the Remaining Life shall be determined
and the Treasury Rate shall be interpolated or extrapolated from such yields on
a straight-line basis, rounding to the nearest month) or (ii) if such release
(or any successor release) is not published during the week preceding the
calculation date or does not contain such yields, the rate per annum equal to
the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for
the Reset Date. The Treasury Rate shall be calculated by the Remarketing Agent
on the third Business Day preceding the Reset Date.

          "TRUST" has the meaning assigned to such term in the preamble to this
Agreement.

          "TRUST AGREEMENT" means the Amended and Restated Declaration of Trust,
dated as of February 15, 2000, among the Company, as Depositor, Wilmington Trust
Company, as Property Trustee (the "PROPERTY TRUSTEE"), Wilmington Trust Company,
as Delaware Trustee (the "DELAWARE TRUSTEE"), Deanna Hom Petersen and Ray
Guillaume (the "ADMINISTRATIVE TRUSTEES") and the holders from time to time of
undivided beneficial interests in the assets of the Trust, as such agreement may
from time to time be amended, modified or supplemented.

          (b)  Capitalized terms used herein and not otherwise defined but
defined in the Trust Agreement or Indenture shall have the meanings assigned to
such terms in the Trust Agreement or the Indenture, as applicable.

          SECTION 2.  ACCEPTANCE AND PERFORMANCE OF DUTIES.  The Remarketing
Agent, the Company, the Trust and the Tender Agent agree as follows:

          (a)  The Remarketing Agent will perform the duties and obligations of
Remarketing Agent for the remarketed securities as specified in the Trust
Agreement (if the tendered securities are the HIGH TIDES), the Indenture (if the
tendered securities are the Debentures) and in this Agreement in good faith and
in compliance with the provisions of applicable laws.

          (b)  The Remarketing Agent will use its best efforts to remarket all
Subject Securities tendered or deemed tendered for sale; PROVIDED, HOWEVER, that
the Remarketing Agent will not be obligated to attempt to remarket such Subject
Securities, or to determine the Term Rate pursuant to Section 2(c) below, if (A)
in the Remarketing Agent's judgment any (i) Disclosure Document provided by the
Trust or the Company in connection with the Remarketing or (ii) document
publicly disclosed (including in a filing pursuant to the Exchange Act) by or on
behalf of the Trust or the Company, includes any untrue statement of a material
fact or omits to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading, unless the Remarketing Agent is satisfied in its sole discretion
that such statement or omission has been properly corrected, (B) unless the
Company provides a No Registration Opinion to the Remarketing Agent prior to the
Tender Notification Date, the Company and the Trust (if applicable) shall have
failed to have the

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Registration Statement declared effective by the Commission on or prior to the
Tender Notification Date and remain effective at least through and including the
Reset Date, PROVIDED that the Registration Statement may be declared effective
later than the Tender Notification Date if the Company provides an opinion of
Securities Counsel to the Remarketing Agent to the effect that such Registration
Statement need not become effective until the date the Initial Remarketing
Period is required to commence and the Remarketing Agent consents to such delay
or (C) the Company fails to comply with the requirements set forth in Section
6(c) of this Agreement. The Remarketing Agent may, but except as provided in
Section 11 shall not be obligated to, purchase tendered Subject Securities for
its own account.

          (c)  The Remarketing Agent has agreed to use its best efforts to
remarket all Subject Securities tendered as set forth herein for Remarketing on
the Tender Notification Date.  The Remarketing Agent will establish, effective
beginning on the Reset Date, (i) the rate (the "TERM RATE") per annum at which
Interest will accrue on the Subject Securities, (ii) the term conversion ratio
and price, which determine the number of shares of Common Stock, if any, into
which each Subject Security may be converted (respectively, the "TERM CONVERSION
RATIO" and the "TERM CONVERSION PRICE") and (iii) the price, manner and time, if
any, at which the Subject Securities may be redeemed (the "TERM CALL
PROTECTIONS" and together with the Term Rate, Term Conversion Ratio and Term
Conversion Price, the "TERM PROVISIONS").  The Remarketing Agent will use its
best efforts to establish the Term Provisions most favorable to the Company
consistent with the successful remarketing of Subject Securities tendered as set
forth herein therefor at a price equal to 101% of the aggregate Par Amount
thereof; PROVIDED that each Subject Security will have the same Term Provisions;
PROVIDED that the Term Provisions may not permit the Company to redeem the
Subject Securities for a price less than the aggregate Par Amount thereof plus
any accrued and unpaid Interest thereon; and, PROVIDED FURTHER, that if no
Subject Security is tendered as set forth herein for remarketing on the Tender
Notification Date, the Remarketing will not take place (although the Remarketing
will not be deemed to have failed), and the Remarketing Agent will set the Term
Provisions in a manner consistent with the Remarketing Notice that it believes,
in its sole discretion, would result in a price per Subject Security equal to
101% of its Par Amount were the Remarketing actually to occur.

          (d)  The remarketing process will commence on the first Business Day
following the Tender Notification Date and will be conducted on the following
schedule and in the following manner:

At Least 30 Business Days, But
Not More Than 90 Business Days
Prior to the Final Reset Date:

The Trust shall cause a notice (the "REMARKETING NOTICE") to be sent to holders
of the Subject Securities stating whether it intends to remarket the Subject
Securities as securities which will be convertible into Common Stock of the
Company (a "CONVERTIBLE REMARKETING") or which will be nonconvertible (a
"NONCONVERTIBLE REMARKETING").

The date of the Remarketing           Each outstanding Subject Security shall be
Notice through the Tender             deemed to have been tendered for
Notification Date:                    remarketing unless the holder thereof has

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                                                                              10

                                      given irrevocable notice to the contrary
                                      to the Tender Agent (which the Tender
                                      Agent will promptly remit to the
                                      Remarketing Agent).  Such irrevocable
                                      notice, which may be telephonic or
                                      written, must be delivered prior to 5:00
                                      p.m., New York City time, on the Tender
                                      Notification Date. A holder's notice of an
                                      election to retain Subject Securities must
                                      state the number of Subject Securities to
                                      be retained (which must be all of the
                                      Subject Securities represented by the
                                      applicable certificate, unless such
                                      certificate is a Global Security
                                      Certificate), the number of the
                                      certificate representing the Subject
                                      Securities not to be deemed to have been
                                      so tendered (unless such certificate is a
                                      Global Security Certificate) and the
                                      number of Subject Securities represented
                                      by such certificate (unless such
                                      certificate is a Global Security
                                      Certificate).  Any transferee of a Subject
                                      Security for which such notice has been
                                      provided shall be bound thereby.  The
                                      failure by a holder of Subject Securities
                                      to give timely notice of an election to
                                      retain all (or, in the case of a Global
                                      Security Certificate, any part) of such
                                      holder's Subject Securities will
                                      constitute the irrevocable tender for sale
                                      in the Remarketing of all the Subject
                                      Securities it holds.  A holder of Subject
                                      Securities which has not duly given notice
                                      that it will not tender and retain its
                                      Subject Securities will cease to have any
                                      further rights with respect to such
                                      Subject Securities upon the successful
                                      remarketing thereof, except the right of
                                      such holder to receive an amount equal to
                                      (i) from the proceeds of the Remarketing,
                                      101% of the aggregate Par Amount thereof,
                                      plus (ii) from the Company, any accrued
                                      and unpaid Interest thereon to (but
                                      excluding) the Reset Date.

If any Subject Securities are

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                                                                              11

tendered for remarketing, the
Remarketing Agent will commence a
Convertible Remarketing or a
Nonconvertible Remarketing, as the
case may be (in either case, an
"INITIAL REMARKETING"), in
accordance with the terms of this
Agreement and pursuant to the
instructions set forth in the
Remarketing Notice.  The
Remarketing Agent will determine,
and upon request make available to
interested persons, nonbinding
indications of, the Term Provisions
based upon then-current Remarketing
Conditions.  The Remarketing Agent
will solicit and receive orders
from prospective investors to
purchase tendered Subject
Securities.  The Initial
Remarketing shall be deemed to have
failed (an "INITIAL FAILED
REMARKETING") if (i) despite using
its best efforts, the Remarketing
Agent is unable to establish, prior
to the Initial Remarketing
Termination Date, a Term Rate which
is less than or equal to the
Maximum Rate, (ii) the Remarketing
Agent is excused from Remarketing
the Subject Securities because of
(a) the failure by the Company or
the Trust to satisfy a condition in
this Agreement or (b) the
occurrence of a Market Event, (iii)
there is no Remarketing Agent on
the first day of the Initial
Remarketing Period or (iv) prior to
the Initial Remarketing Termination
Date, Term Provisions are
established by the Remarketing
Agent, but the Remarketing Agent,
despite

<PAGE>

                                                                              12

using its best efforts, is unable to
consummate the sale of one or more
Subject Securities tendered for
remarketing because of the occurrence
of a Market Event.

Remainder of the Initial Remarketing     The Remarketing Agent will continue,
Period:                                  if necessary, using its best efforts
                                         to remarket the Subject Securities
                                         tendered for remarketing as described
                                         above, adjusting the non-binding
                                         indications of the Term Provisions
                                         necessary to establish the Term
                                         Provisions most favorable to the
                                         Company consistent with remarketing
                                         all Subject Securities tendered
                                         therefor at 101% of the Par Amount,
                                         until the Initial Remarketing is
                                         completed or is deemed to have failed.
                                         See the definition of an Initial
                                         Failed Remarketing above.  Promptly
                                         upon determination of the Term
                                         Provisions, the Remarketing Agent will
                                         communicate such Term Provisions to
                                         the Tender Agent, which will
                                         communicate such Term Provisions to
                                         the Declaration Trustees (if the Trust
                                         has not dissolved), the Trust (if the
                                         Trust has not dissolved), the
                                         Debenture Trustee, the Paying Agent,
                                         the Company and each holder (if any)
                                         which timely elected not to tender all
                                         of its Subject Securities for
                                         remarketing, by delivery of a written
                                         notice or by telephone promptly
                                         confirmed by telecopy or writing.

Beginning the First Business Day        If, prior to the Initial Remarketing
Following an Initial Failed             Termination Date, the Initial
Remarketing (if applicable):            Remarketing fails because the
                                        Remarketing Agent was not able to
                                        establish a Term Rate less than or
                                        equal to the Maximum Rate or prior to
                                        such Initial Termination Date, Term
                                        Provisions are established by the
                                        Remarketing Agent but the Remarketing
                                        Agent, despite using its best efforts,
                                        is unable to consummate the sale of one
                                        or more Subject Securities tendered for

<PAGE>

                                                                              13

                                        remarketing because of the occurrence
                                        of a Market Event, the Remarketing
                                        Agent will commence a second
                                        remarketing (the "FINAL REMARKETING"),
                                        which will be a Convertible Remarketing
                                        if the Initial Remarketing was a
                                        Nonconvertible Remarketing and a
                                        Nonconvertible Remarketing if the
                                        Initial Remarketing was a Convertible
                                        Remarketing.  The Remarketing Agent
                                        will determine, and upon request make
                                        available to interested persons,
                                        nonbinding indications of, the Term
                                        Provisions based upon then-current
                                        Remarketing Conditions.  The
                                        Remarketing Agent will solicit and
                                        receive orders from prospective
                                        investors to purchase tendered Subject
                                        Securities.  The Final Remarketing will
                                        be deemed to have failed (a "FAILED
                                        FINAL REMARKETING") if (i) despite
                                        using its best efforts, the Remarketing
                                        Agent is still not able to establish a
                                        Term Rate less than or equal to the
                                        Maximum Rate prior to the expiration of
                                        the Final Remarketing Period, (ii) the
                                        Remarketing Agent is excused from
                                        Remarketing the Subject Securities
                                        because of (a) the failure by the
                                        Company or the Trust to satisfy a
                                        condition in this Agreement or (b) the
                                        occurrence of a Market Event, or (iii)
                                        prior to the termination date for the
                                        Final Remarketing Period, Term
                                        Provisions are established by the
                                        Remarketing Agent but the Remarketing
                                        Agent, despite using its best efforts,
                                        is unable to consummate the sale of one
                                        or more Subject Securities tendered for
                                        remarketing because of the occurrence
                                        of a Market Event.

The Remarketing Agent will              Reset Date:
continue, if necessary, to use its
best efforts to remarket the
Subject Securities, as described
above, adjusting the non-binding
indications of the Term

<PAGE>

                                                                              14

Provisions as necessary to
establish the Term Provisions
most favorable to the Company
consistent with remarketing
all Subject Securities
tendered therefor at 101% of the
Par Amount until the Final
Remarketing is completed or is
deemed to have failed.  See the
definition of a Failed Final
Remarketing above.  If the
Remarketing Agent is able to
establish a Term Rate less than or
equal to the Maximum Rate during
the Final Remarketing Period, it
will promptly communicate such
Term Provisions to the Tender
Agent, which will communicate such
Term Provisions to the Declaration
Trustees (if the Trust has not
dissolved), the Trust (if the
Trust has not dissolved), the
Debenture Trustee, the Paying
Agent, the Company and each holder
(if any) which timely elected not
to tender all of its Subject
Securities for remarketing, by
delivery of a written notice or by
telephone promptly confirmed by
telecopy or writing.

New holders must deliver the
purchase price for the remarketed
securities in same-day funds to the
Remarketing Agent and the
Remarketing Agent will deliver such
purchase price to the Tender Agent
(in like funds).  Settlement of
transactions in connection with the
remarketing will take place on the
Reset Date, or such date as the
Remarketing Agent may, in its

<PAGE>

                                                                              15

sole discretion, determine, or, as
otherwise required by applicable
law.  Payments to tendering holders
who hold Subject Securities in the
form of one or more Global Security
Certificates will be made in the
manner provided in the Offering
Circular under "Description of HIGH
TIDES-Depositary Procedures."
Tendering holders who hold Subject
Securities in certificated form
(other than in the form of Global
Security Certificates) must deliver
their certificates properly
endorsed for transfer to the Tender
Agent by 2:30 p.m., New York City
time on the Reset Date (or any
succeeding date) to receive payment
of the purchase price for their
Subject Securities.  Subject to
compliance with the preceding two
sentences, the Tender Agent will
pay former holders the proceeds of
the Remarketing of their Subject
Securities by the Remarketing
Agent.  In the event of a Failed
Final Remarketing, the Term Rate
shall be a rate equal to the
Treasury Rate plus 10% per annum.
The Term Conversion Price will be
equal to 105% of the average
Closing Price of the Company's
Common Stock for the five (5)
consecutive trading days after the
Final Remarketing Period.  In the
event of a Failed Final
Remarketing, all outstanding
Subject Securities will be
redeemable by the Company, in whole
or in part, at any time on or after
the third anniversary of the Reset
Date at a

<PAGE>

                                                                              16

redemption price equal to
100% of the aggregate Par Amount
thereof, plus accrued and unpaid
interest thereon.  On and after the
Reset Date, the terms of all
Subject Securities, whether or not
tendered for remarketing, will be
modified by the Term Provisions, as
the same shall be established by
the Remarketing Agent.  If the
Subject Securities are not held by
The Depository Trust Company or its
nominee in the form of one or more
Global Security Certificates,
certificates representing
remarketed Subject Securities will
be issued to the purchasers thereof,
irrespective of whether the
certificates formerly representing
such Subject Securities have been
delivered to the Tender Agent.

          SECTION 3.  REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS OF
THE COMPANY AND THE REMARKETING AGENT.  (a)  The Company represents, warrants,
covenants and agrees with the Remarketing Agent as follows:

          (i)  the Company has full power and authority to enter into
     this Agreement and will have full power and authority to enter
     into any agreements which it may enter into in connection with
     the Remarketing; this Agreement and the transactions contemplated
     hereby have been, and each other such agreement and the
     transactions contemplated thereby will be, duly authorized,
     executed and delivered by the Company; and this Agreement is, and
     each such other agreement will be at the Reset Date, a valid and
     binding obligation of the Company, enforceable against the
     Company in accordance with its terms, subject to bankruptcy,
     insolvency, fraudulent transfer, reorganization, moratorium and
     similar laws of general applicability relating to or affecting
     creditors' rights and to general equity principles and except to
     the extent that the right to indemnity and contribution in the
     Remarketing Agreement may be limited by state or federal
     securities laws or the public policy underlying such laws;

          (ii)  the consummation of the transactions contemplated
     herein do not now, and the consummation of the transactions
     contemplated in any other agreement entered into by the Company
     in connection with the Remarketing will not, at the Reset Date,
     conflict with or constitute a breach of, or a default under, or
     result in the creation or imposition of any lien, charge, other
     encumbrance, or violation upon any property or

<PAGE>

                                                                              17

     assets of the Trust, the Company or any of the Company's subsidiaries
     pursuant to any contract, indenture, declaration of trust, deed of trust,
     mortgage, loan agreement, note, lease or other instrument or agreement to
     which the Trust, the Company or any of its subsidiaries is or will be a
     party or by which it or any of them may be bound, or to which any of the
     property or assets of any of them is or will be subject, nor will such
     actions result in any violation of the provisions of the charter or by-laws
     of the Company or any of its subsidiaries or any statute (including the
     Securities Act, the Exchange Act and state securities laws) or any order,
     rule or regulation of any court or governmental agency or body (including
     the Commission) which has or will have jurisdiction over the Company or any
     of its subsidiaries or any of their material property or assets except for
     a conflict, breach, default, lien, charge, encumbrance or violation which
     could not reasonably be expected to have a material adverse effect on the
     consummation of the transactions contemplated herein or therein;

          (iii)  all required consents, rulings and approvals of
     governmental authorities (other than "Blue Sky" authorities) required in
     connection with the execution and delivery by the Company of this Agreement
     and any agreement entered into by the Company in connection with the
     transactions contemplated by any Disclosure Documents, and the performance
     by the Company of its obligations hereunder and thereunder, have been
     obtained and are in full force and effect and, at the Reset Date, will have
     been obtained and be in full force and effect;

          (iv)  except as disclosed in the Disclosure Documents, neither the
     Company nor any of its subsidiaries is or, at the Reset Date, will be (A)
     in violation of its charters or by-laws, (B) in default in any respect, and
     no event has occurred or will have occurred which, with notice or lapse of
     time or both, would constitute such a default, in the due performance or
     observance of any term, covenant or condition contained in any contract,
     indenture, declaration of trust, deed of trust, mortgage, loan agreement,
     note, lease or other instrument or agreement to which it is or will be
     bound or to which any of its properties or assets is or will be subject or
     (C) in violation of any law, ordinance, governmental rule, regulation or
     court decree to which it or its property or assets may be subject;

          (v)  the Disclosure Documents, including as provided in Section 3(x),
     will not, at the Effective Time and thereafter through and including the
     Reset Date, contain an untrue statement of a material fact or omit to state
     a material fact required to be stated therein or necessary to make the
     statements therein not misleading; PROVIDED that no representation or
     warranty is made as to information contained in or omitted from the
     Disclosure Documents in reliance upon and in conformity with written
     information furnished to the Company by the Remarketing Agent specifically
     for inclusion therein;

          (vi)  the financial statements of the Company contained (or
     incorporated by reference) in the Disclosure Documents will present fairly
     the financial position of the entity set forth therein as of the dates
     indicated, and the results of operations and

<PAGE>

                                                                              18

     changes in financial position of such entity for the periods covered, in
     conformity with generally accepted accounting principles applied on a
     consistent basis, except as otherwise set forth therein;

          (vii)  after the date of the most recent financial statements of the
     Company contained (or incorporated by reference) in the Disclosure
     Documents, there will not have been any material adverse change in the
     condition (financial or other), stockholders' equity, results of operations
     or business of the Company and its subsidiaries, except as disclosed in the
     Disclosure Documents;

          (viii)  except as disclosed in the Disclosure Documents, there will be
     no legal or governmental proceedings pending at the Reset Date to which the
     Company or any of its subsidiaries is a party or of which any material
     property or assets of the Company or any of its subsidiaries is the subject
     which, if determined adversely to the Company or any of its subsidiaries,
     could reasonably be expected to have a material adverse effect on the
     condition (financial or other), stockholders' equity, results of operations
     or business of the Company and its subsidiaries, taken as a whole;

          (ix)  any description of a contract, indenture, declaration of trust,
     deed of trust, mortgage, loan agreement, note, lease or other instrument or
     agreement contained in the Disclosure Documents will be, at the Effective
     Time and thereafter through and including the Reset Date, true and complete
     in all material respects; and

          (x)  If the Registration Statement is filed, the Registration
     Statement at the Effective Time will conform to the requirements of the
     Securities Act and the Rules and Regulations and will not contain an untrue
     statement of a material fact or omit to state a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading, and the Prospectus, as of the Effective Time and thereafter
     through and including the Reset Date, will conform to the requirements of
     the Securities Act and the Rules and Regulations and will not include any
     untrue statement of a material fact or omit to state a material fact
     necessary in order to make the statements therein, in the light of the
     circumstances under which they were made, not misleading; PROVIDED that no
     representation or warranty is made as to information contained in or
     omitted from any Preliminary Prospectus, the Registration Statement or the
     Prospectus in reliance upon and in conformity with written information
     furnished to the Company by the Remarketing Agent specifically for
     inclusion therein.

          (b)  The Remarketing Agent represents, warrants, covenants and agrees
with the Company that if it shall not have received a No Registration Opinion
and the Registration Statement shall not be effective on the Tender Notification
Date (or such later date as may be provided in Section 2(b)), the Remarketing
Agent will offer and sell the Subject Securities only in compliance with the
federal and state securities laws applicable to unregistered sales of securities
in effect at the time of the Remarketing.

<PAGE>

                                                                              19

          SECTION 4.  FEES AND EXPENSES.  (a)  The Company agrees to pay to the
Remarketing Agent upon settlement of the transactions contemplated by the
Remarketing (i) as compensation for its services hereunder, a fee equal to 1% of
the aggregate Par Amount of outstanding Subject Securities on the Reset Date,
plus (ii) all out-of-pocket expenses reasonably incurred by the Remarketing
Agent in connection with the performance of its duties; PROVIDED that if both
the Initial Remarketing and the Final Remarketing fail, the Company shall not be
required to pay any fees to, or reimburse any out-of-pocket expenses of, the
Remarketing Agent.

          (b)  The Remarketing Agent acknowledges and agrees that the
performance of its duties hereunder will be without charge to holders or
purchasers of the Subject Securities other than the Company.

          SECTION 5.  BROKER-DEALER PARTICIPATION.  The Remarketing Agent shall
enter into Broker-Dealer Agreements with all broker-dealers ("BROKER-DEALERS"),
if any, which it selects to have participate in the remarketing process;
PROVIDED that (i) such Broker-Dealers agree to comply with the terms of this
Agreement, including the terms of Section 3(b) of this Agreement, (ii) any fees
or commissions paid to the Broker-Dealers shall be paid by the Remarketing Agent
out of the fees it is paid pursuant to Section 4(a), and (iii) the Remarketing
Agent agrees to provide to the Company an executed copy of each Broker-Dealer
Agreement.  None of the Remarketing Agent, the Trust and the Company shall be
responsible for the out-of-pocket expenses of such Broker-Dealers or for
ensuring compliance by such Broker-Dealers with the terms of this Agreement
(except, with respect to the Remarketing Agent, as specifically set forth in the
Broker-Dealer Agreement).

          SECTION 6.  DISCLOSURE DOCUMENTS AND OTHER INFORMATION.  (a)  If (i)
the Registration Statement is not required to be filed with the Commission
pursuant to the provisions of Section 2(b) of this Agreement and (ii) the
Remarketing Agent determines that it is necessary or desirable to use a
disclosure document in connection with the performance of its obligation to
remarket the Subject Securities, the Remarketing Agent will notify the Company
and the Company will provide to the Remarketing Agent prior to the Tender
Notification Date at the Company's expense a disclosure document or documents
reasonably satisfactory to the Remarketing Agent and its counsel in respect of
the Subject Securities (collectively, and including any documents or other
information incorporated by reference therein, the "NONREGISTERED OFFERING
DOCUMENTS").  The Company will supply the Remarketing Agent at the Company's
expense with such number of copies of the Disclosure Documents as the
Remarketing Agent reasonably requests from time to time.  The Company will
supplement and amend the Disclosure Documents so that at all times they will not
contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements in the Disclosure Documents, in light of the
circumstances under which they were made, not misleading.

          (b)  The Company and the Trust each agrees to furnish to the
Remarketing Agent (i) as promptly as practicable after they are available, all
regular and periodic reports, if

<PAGE>

                                                                              20

any, which the Company or the Trust files with the Commission under the Exchange
Act and all reports which the Company or the Trust provides generally to holders
of its publicly held securities and (ii) from time to time, such other
information concerning the Company and the Trust as the Remarketing Agent may
reasonably request.

          (c)  The Company will provide the Remarketing Agent with such
certificates, opinions of counsel, accountants' letters and other support for
the information contained in any Disclosure Documents as the Remarketing Agent
and its counsel may reasonably request.

          (d)  If the Registration Statement is filed with the Commission, the
Company agrees that it will:

          (i)  prepare the Registration Statement in conformity with the
     requirements of the Securities Act and the Rules and Regulations;

          (ii)  cause the Registration Statement to become effective prior to
     the Tender Notification Date (or such later date as may be permitted in
     accordance with the provisions of Section 2(b));

          (iii)  prepare the Prospectus in a form approved by the Remarketing
     Agent and file the Prospectus in accordance with Rule 424(b) (or any
     successor applicable rule) under the Securities Act and Rule 430A(a)(3) (or
     any successor applicable rule) under the Securities Act; make no further
     amendment or any supplement to the Registration Statement or to the
     Prospectus except as permitted herein or required hereby; advise the
     Remarketing Agent, promptly after it receives notice thereof, of the time
     when any amendment to the Registration Statement has been filed or becomes
     effective or any supplement to the Prospectus or any amended Prospectus has
     been filed and furnish the Remarketing Agent with copies thereof; advise
     the Remarketing Agent, promptly after it receives notice thereof, of the
     issuance by the Commission of any stop order or of any order preventing or
     suspending the use of any Preliminary Prospectus or the Prospectus, of the
     suspension of the qualification of the securities covered by such
     Registration Statement for offering or sale in any jurisdiction, of the
     initiation or threatening of any proceeding for any such purpose, or of any
     request by the Commission for the amending or supplementing of the
     Registration Statement or the Prospectus or for additional information; and
     in the event of the issuance of any stop order or of any order preventing
     or suspending the use of any Preliminary Prospectus or the Prospectus or
     suspending any such qualification, promptly use its best efforts to obtain
     its withdrawal;

          (iv)  furnish promptly to the Remarketing Agent and to counsel for the
     Remarketing Agent a signed copy of the Registration Statement as originally
     filed with the Commission, and each amendment thereto filed with the
     Commission, including all consents and exhibits filed therewith;

<PAGE>

                                                                              21

          (v)  deliver promptly to the Remarketing Agent such number of the
     following documents as the Remarketing Agent shall reasonably request: (1)
     conformed copies of the Registration Statement as originally filed with the
     Commission and each amendment thereto (in each case excluding exhibits) and
     (2) each Preliminary Prospectus, the Prospectus and any amended or
     supplemented Prospectus; and, if the delivery of a prospectus is required
     at any time after the Effective Time in connection with the offering or
     sale of the securities covered by the Registration Statement and if at such
     time any events shall have occurred as a result of which the Prospectus as
     then amended or supplemented would include an untrue statement of a
     material fact or omit to state any material fact necessary in order to make
     the statements therein, in the light of the circumstances under which they
     were made when such Prospectus is delivered, not misleading, or, if for any
     other reason it shall be necessary to amend or supplement the Prospectus in
     order to comply with the Securities Act, notify the Remarketing Agent and,
     upon its request, prepare and furnish without charge to the Remarketing
     Agent as many copies as the Remarketing Agent may from time to time
     reasonably request of an amended or supplemented Prospectus which will
     correct such statement or omission or effect such compliance;

          (vi)  file promptly with the Commission any amendment to the
     Registration Statement or the Prospectus or any supplement to the
     Prospectus that may, in the judgment of the Company or the Remarketing
     Agent, be required by the Securities Act or requested by the Commission;

          (vii)  prior to filing with the Commission any amendment to the
     Registration Statement or supplement to the Prospectus or any Prospectus
     pursuant to Rule 424 (or any applicable successor rule) of the Rules and
     Regulations, furnish a copy thereof to the Remarketing Agent and counsel
     for the Remarketing Agent;

          (viii)  as soon as practicable after the Effective Time, make
     generally available to the Company's security holders and deliver to the
     Remarketing Agent an earnings statement of the Company and its subsidiaries
     (which need not be audited) complying with Section 11(a) (or any applicable
     successor section) of the Securities Act and the Rules and Regulations
     (including, at the option of the Company, Rule 158 (or any applicable
     successor rule));

          (ix)  promptly from time to time take such action as the Remarketing
     Agent may request to qualify the securities covered by the Registration
     Statement for offering and sale under the securities laws of such
     jurisdictions as the Remarketing Agent may request and to take all steps
     necessary to comply with such laws so as to permit the continuance of sales
     and dealings therein in such jurisdictions for as long as may be necessary
     to complete the distribution of the Subject Securities; PROVIDED, HOWEVER,
     that in connection therewith the Company will not be required to qualify as
     a foreign corporation or to file a general consent to service of process in
     any jurisdiction where it is not so qualified; and

<PAGE>

                                                                              22

          (x)  use its best effort to have the Subject Securities listed on any
     securities exchange or quoted in any automated inter-dealer quotation
     system reasonably requested by the Remarketing Agent.

          SECTION 7.  INDEMNIFICATION.  (a)  The Company and the Trust will
indemnify and hold harmless the Remarketing Agent against any losses, claims,
damages or liabilities, joint or several, to which the Remarketing Agent may
become subject, under the Securities Act or the Exchange Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of any material fact contained in any Disclosure Document, or any
amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state therein a material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were
made, not misleading, and will reimburse the Remarketing Agent for any legal or
other expenses reasonably incurred by the Remarketing Agent in connection with
investigating or defending any such loss, claim, damage liability or action as
such expenses are incurred; PROVIDED, HOWEVER, that the Company will not be
liable in any such case to the extent that any such loss, claim, damage or
liability arises out of or is based upon an untrue statement or alleged untrue
statement in or omission or alleged omission from any Disclosure Document in
reliance upon and in conformity with written information furnished to the
Company by the Remarketing Agent specifically for use therein.

          (b)  The Remarketing Agent will indemnify and hold harmless the
Company and the Trust against any losses, claims, damages or liabilities to
which the Company or the Trust may become subject, under the Securities Act or
the Exchange Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon any
untrue statement or alleged untrue statement of any material fact contained in
the Disclosure Documents, or any amendment or supplement thereto, or arise out
of or are based upon the omission or the alleged omission to state therein a
material fact necessary in order to make the statements therein, in the light of
the circumstances under which they were made, not misleading, in each case to
the extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in
conformity with written information furnished to the Company or the Trust by the
Remarketing Agent specifically for use therein, and will reimburse any legal or
other expenses reasonably incurred by the Company or the Trust in connection
with investigating or defending any such loss, claim, damage, liability or
action as such expenses are incurred.

          (c)  Promptly after receipt by an indemnified party under this Section
of notice of the commencement of any action, such indemnified party will, if a
claim in respect thereof is to be made against the indemnifying party under
subsection (a) or (b) above, notify the indemnifying party of the commencement
thereof; but the omission so to notify the indemnifying party will not relieve
the indemnifying party from any liability which it may have to any indemnified
party otherwise than under subsection (a) or (b) above.  In case any such action
is brought against any indemnified party and it notifies the indemnifying party
of the commencement thereof, the indemnifying party will be entitled to
participate therein and, to the

<PAGE>

                                                                              23

extent that it may wish, jointly with any other indemnifying party similarly
notified, to assume the defense thereof, with counsel satisfactory to such
indemnified party (who shall not, except with the consent of the indemnified
party, be counsel to the indemnifying party), and after notice from the
indemnifying party to such indemnified party of its election so to assume the
defense thereof, the indemnifying party will not be liable to such indemnified
party under this Section for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof other than
reasonable costs of investigation. No indemnifying party shall, without the
prior written consent of the indemnified party, effect any settlement of any
pending or threatened action in respect of which any indemnified party is or
could have been a party and indemnity could have been sought hereunder by such
indemnified party unless such settlement includes an unconditional release of
such indemnified party from all liability on any claims that are the subject
matter of such action.

          (d)  If the indemnification provided for in this Section is
unavailable or insufficient to hold harmless an indemnified party under
subsection (a) or (b) above, then each indemnifying party shall contribute to
the amount paid or payable by such indemnified party as a result of the losses,
claims, damages or liabilities referred to in subsection (a) or (b) above (i) in
such proportion as is appropriate to reflect the relative benefits received by
the Company on the one hand and the Remarketing Agent on the other from the
Remarketing of the Subject Securities in accordance with this Agreement or (ii)
if the allocation provided by clause (i) above is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i) above but also the relative fault of the
Company on the one hand and the Remarketing Agent on the other in connection
with the statements or omissions which resulted in such losses, claims, damages
or liabilities as well as any other relevant equitable considerations.  The
relative benefits received by the Company on the one hand and the Remarketing
Agent on the other shall be deemed to be in the same proportion as the aggregate
outstanding Liquidation Amount (if the Subject Securities are HIGH TIDES) or
principal amount (if the Subject Securities are Debentures) bear to the fees
received by the Remarketing Agent from the Company under this Agreement. The
relative fault shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the
Company or the Remarketing Agent and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent such untrue
statement or omission.  The amount paid by an indemnified party as a result of
the losses, claims, damages or liabilities referred to in the first sentence of
this subsection (d) shall be deemed to inclde any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending any action or claim which is the subject of this subsection (d).
Notwithstanding the provisions of this subsection (d), the Remarketing Agent
shall not be required to contribute any amount in excess of the amount by which
the aggregate outstanding Liquidation Amount (if the Subject Securities are HIGH
TIDES) or principal amount (if the Subject Securities are Debentures) of the
Subject Securities remarketed exceeds the amount of any damages which the
Remarketing Agent has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission.

<PAGE>

                                                                              24

          (e)  The obligations of the Company and the Trust under this Section
shall be in addition to any liability which the Company and the Trust may
otherwise have and shall extend, upon the same terms and conditions, to each
person, if any, who controls the Remarketing Agent within the meaning of the
Securities Act or the Exchange Act; and the obligations of the Remarketing Agent
under this Section shall be in addition to any liability which the Remarketing
Agent may otherwise have and shall extend, upon the same terms and conditions,
to each person, if any, who controls the Company and the Trust within the
meaning of the Securities Act or the Exchange Act.

          SECTION 8.  REMARKETING AGENT'S LIABILITIES.  The Remarketing Agent
shall incur no liability to the Company, the Debenture Trustee, the Property
Trustee, the Administrative Trustees, the Delaware Trustee, the Tender Agent or
any holder of Subject Securities for its actions as Remarketing Agent pursuant
to the terms hereof and of the Trust Agreement or Indenture without gross
negligence or in the absence of wilful misconduct.  The undertaking of the
Remarketing Agent to remarket any Subject Securities shall be on a "best
efforts" basis.

          SECTION 9.  TERMINATION.  This Agreement will terminate upon the
earliest to occur of the following:  (i) the written agreement of all parties
hereto; (ii) the date that no Debenture is outstanding; and (iii) the day
immediately following the Reset Date. The provisions of Sections 7, 8, 11 and 12
hereof will continue in effect as to actions prior to the date of termination,
and each party will pay to the others any amounts owing at the time of
termination.

          SECTION 10.  RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.  (a)
The Remarketing Agent may resign at any time hereunder by giving at least 30
days' written notice thereof to the Company and the Tender Agent.  No successor
need have accepted its appointment for such resignation to be effective.

          (b)  The Remarketing Agent may be removed at any time for Cause by the
holders of a majority in aggregate Par Amount of the Subject Securities
outstanding, by written notice to the Remarketing Agent, the Tender Agent and
the Company.  No successor need have accepted its appointment for such removal
to be effective.

          (c)  If the Remarketing Agent resigns or is removed in accordance with
Section 10(b), the Company will use its best efforts to appoint as the successor
Remarketing Agent hereunder an investment bank, broker, dealer or other
organization which, in the judgment of the Company, is qualified to remarket the
Subject Securities and to establish the Term Provisions.  If the Company fails
to so appoint a successor Remarketing Agent reasonably promptly, in light of the
proximity of the Tender Notification Date, or if such successor fails to accept
such appointment, the holders of not less than 25% in aggregate Par Amount of
the Subject Securities outstanding, by written notice to the Tender Agent and
the Company, may appoint a successor Remarketing Agent which is an investment
bank, broker, dealer or other organization qualified to remarket the Subject
Securities and to establish the Term Provisions; PROVIDED that for purposes of
determining the holders of not less than 25% in aggregate Par Amount of the
Subject

<PAGE>

                                                                              25

Securities outstanding, Subject Securities owned by the Company, the Trust or
any trustee or administrator of the Trust or any affiliate of any of the
foregoing shall be disregarded and deemed not to be outstanding.

          (d)  A successor Remarketing Agent shall accept its appointment by
executing and delivering a written instrument of acceptance to the Tender Agent
and the Company.

          (e)  The provisions of Sections 7, 8, 11 and 12 hereof will continue
in effect as to actions of the Remarketing Agent prior to the date of
resignation or removal, and the Remarketing Agent will pay to and have the right
to receive from the other parties hereto any amounts owing at the time of such
event.

          (f)  The Tender Agent shall provide written notice of each resignation
and each removal of the Remarketing Agent and each appointment of a successor
Remarketing Agent and such successor's acceptance thereof by first-class mail,
postage prepaid, to the holders of the Subject Securities as their names and
addresses appear in the applicable register.

          (g)  Any corporation or other entity into which the Remarketing Agent
may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the
Remarketing Agent may be a party, or any corporation succeeding to all or
substantially all of the business of the Remarketing Agent, shall be the
successor of the Remarketing Agent hereunder, without the execution or filing of
any paper or any further act on the part of any of the parties hereto.

          SECTION 11.  DEALING IN SUBJECT SECURITIES BY REMARKETING AGENT.  The
Remarketing Agent, either as principal or agent, may buy, sell, own, hold and
deal in Subject Securities, and may join in any action which any owner of the
Subject Securities may be entitled to take with like effect as if it did not act
in any capacity hereunder.  Except as provided in the next succeeding sentence,
the Remarketing Agent is under no obligation at any time to purchase Subject
Securities.  If the Term Provisions are established by the Remarketing Agent but
on the Reset Date the Remarketing Agent is unable to consummate the sale of one
or more Subject Securities tendered for remarketing, the Remarketing Agent shall
purchase such Subject Securities on the Reset Date for 101% of their aggregate
Par Amount; PROVIDED, HOWEVER, that if, prior to the Initial Remarketing
Termination Date or prior to the expiration of the Final Remarketing Period,
Term Provisions are established by the Remarketing Agent but the Remarketing
Agent is unable to consummate the sale of one or more Subject Securities
tendered for remarketing due to the occurrence of a Market Event, then the
Initial Remarketing or Final Remarketing, as the case may be, shall be deemed to
have failed, and the provisions of this Agreement relating to an Initial Failed
Remarketing or a Failed Final Remarketing, as applicable, shall apply.  The
Remarketing Agent agrees that the purchase of Subject Securities for its own
account or the account of its affiliates will be upon terms no more favorable to
it than those pertaining to the purchase of Subject Securities in the market
(which shall be determined by the Remarketing Agent in its sole discretion) in
general at the time of such purchase and that neither it nor its affiliates will
elect to retain Subject Securities on the Reset Date if the Subject

<PAGE>

                                                                              26

Securities could be remarketed pursuant to this Agreement on terms more
favorable to the Trust or the Company than the terms upon which the Remarketing
Agent or such affiliates would continue to hold it. The Remarketing Agent,
either as principal or agent, may also engage in or be interested in any
financial or other transaction with the Trust or the Company and may act as
depository, trustee or agent for any committee or body of owners of Subject
Securities or other obligations of the Trust or the Company as freely as if it
had no obligations hereunder or under the Trust Agreement or Indenture.

          SECTION 12.  RECORDS.  The Remarketing Agent agrees to keep books and
records relating to its activities as Remarketing Agent in accordance with
standard industry practice.

          SECTION 13.  PURCHASE AND SALES BY COMPANY.  While the Company and its
affiliates may from time to time purchase, hold and sell Subject Securities, the
Company and the Remarketing Agent acknowledge that neither the Company nor any
affiliate of the Company may acquire or bid to acquire Subject Securities on the
Reset Date or submit orders in the Remarketing.  The Remarketing Agent agrees
that it will not knowingly remarket any Subject Securities to the Company or any
of its affiliates.

          SECTION 14.  COMMUNICATION OF REMARKETING CONDITIONS.  The Remarketing
Agent agrees, upon request from time to time by any holder of Subject Securities
and to the extent the Remarketing Agent deems advisable, to advise such holder
of current Remarketing Conditions.

          SECTION 15.  NOTICES.  Unless otherwise provided herein, all notices,
requests, demands and formal actions hereunder shall be in writing and mailed or
sent by facsimile transmission or delivered, as follows:

          If to the Company:

               The Titan Corporation
               3033 Science Park Road
               San Diego, California 92121-1199
               Attention: General Counsel
               Telephone: (858) 552-9500
               Telecopy:  (858) 552-9759

          If to the Tender Agent:

               Wilmington Trust Company, as Tender Agent
               Rodney Square North
               1100 North Market Street
               Wilmington, DE 19890-0001
               Telephone:  (302) 651-1000
               Telecopy:  (302) 651-8882

<PAGE>

                                                                              27

          If to the Trust:

               c/o The Titan Corporation
               Attention: General Counsel
               3033 Science Park Road
               San Diego, California 92121-1199
               Telephone:  (858) 552-9500
               Telecopy:   (858) 552-9759

          If to the Remarketing Agent:

               Credit Suisse First Boston Corporation
               Eleven Madison Avenue
               New York, New York  10010-3629
               Attention:  Transactions Advisory Group - Joseph D. Fashano
               Telephone:  (212) 325-2107
               Telecopy:  (212) 325-4296

          Each of the above parties may, by written notice given hereunder to
the others, designate any further or different addresses or telecopier numbers
to which subsequent notices, certificates, requests or other communications
shall be sent.  In addition, the parties hereto may agree to any other means by
which subsequent notices, certificates, requests or other communications may be
sent.

          SECTION 16.  SUCCESSORS AND ASSIGNS.  This Agreement shall be binding
upon, inure to the benefit of and be enforceable by, the respective successors
and assigns of the Company, the Trust, the Tender Agent, the Remarketing Agent
and the holders of the Subject Securities.

          SECTION 17.  THE TENDER AGENT.  In serving as the Tender Agent
hereunder, the Debenture Trustee shall be entitled to the protections and
benefits of Sections 6.01(d), 6.03, 6.06 and 12.07 of the Indenture and the
Property Trustee shall be entitled to the protections and benefits of Sections
3.09, 3.10 and 10.04 of the Trust Agreement.

          SECTION 18.  ENTIRE AGREEMENT.  Except as otherwise provided herein,
this Agreement contains the entire agreement between the parties relating to the
subject matter hereof, and there are no other representations, endorsements,
promises, agreements or understandings, oral, written or inferred, among the
parties.

          SECTION 19.  DESCRIPTIVE HEADINGS.  The descriptive headings of the
several sections of this Agreement are inserted for convenience only and do not
constitute a part of this Agreement.

<PAGE>

                                                                              28

          SECTION 20.  AMENDMENT; WAIVER.  (a)  This Agreement shall not be
deemed or construed to be modified, amended, rescinded, canceled or waived, in
whole or in part, except by a written instrument signed by a duly authorized
representative of each of the Company, the Tender Agent, the Administrative
Trustees on behalf of the Trust and the Remarketing Agent.

          (b)  Failure of any party to exercise any right or remedy under this
Agreement in the event of a breach hereof by the other party shall not
constitute a waiver of any such right or remedy with respect to any subsequent
breach.

          SECTION 21.  SEVERABILITY.  If any clause, provision or section of
this Agreement shall be ruled invalid or unenforceable by any court of competent
jurisdiction, the invalidity or unenforceability of such clause, provision or
section shall not affect any of the remaining clauses, provisions or sections
hereof.

          SECTION 22.  EXECUTION IN COUNTERPARTS.  This Agreement may be
executed in several counterparts, each of which shall be deemed an original and
all of which shall constitute but one and the same instrument.  It shall not be
necessary in making proof of this Agreement to produce or account for more than
one such counterpart signed by the party against which enforcement of this
Agreement is sought.

          SECTION 23.  GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK INCLUDING,
WITHOUT LIMITATION, SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

<PAGE>

                                                                              29

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed as of the day and year first above written.

                         THE TITAN CORPORATION

                         By:

                              Name:
                              Title:

                         TITAN CAPITAL TRUST

                         By:
                              Name: Deanna Hom Petersen
                              Title:  Administrative Trustee

                         By:
                              Name: Ray Guillaume
                              Title:  Administrative Trustee

                         WILMINGTON TRUST COMPANY, as Tender Agent

                         By:
                              Name:
                              Title:

                         CREDIT SUISSE FIRST BOSTON CORPORATION

                         By:
                              Name:
                              Title:<PAGE>

                            4,000,000 HIGH TIDES-SM-

                               TITAN CAPITAL TRUST

                     5 3/4% CONVERTIBLE PREFERRED SECURITIES
     REMARKETABLE TERM INCOME DEFERRABLE EQUITY SECURITIES (HIGH TIDES-SM-)
                           (LIQUIDATION AMOUNT $50 PER
                             EACH OF THE HIGH TIDES)
                       GUARANTEED TO THE EXTENT SET FORTH
                       IN THE GUARANTEE AGREEMENT BY, AND
                        CONVERTIBLE INTO COMMON STOCK OF,
                              THE TITAN CORPORATION

                          REGISTRATION RIGHTS AGREEMENT

                                                                February 9, 2000

Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette
  Securities Corporation
c/o Credit Suisse First Boston Corporation
As Representative of Donaldson, Lufkin & Jenrette
Securities Corporation
Eleven Madison Avenue
New York, NY 10010-3629

Dear Sirs:

     Titan Capital Trust, a statutory business trust formed under the laws of
the State of Delaware (the "Trust") by The Titan Corporation, a Delaware
corporation (the "Company"), proposes to issue and sell to Credit Suisse First
Boston Corporation and the other initial purchasers (collectively, the
"Purchasers") named in Schedule A to the Purchase Agreement dated February 3,
2000 (the "Purchase Agreement"), among the Purchasers, the Company and the
Trust, upon the terms set forth in the Purchase Agreement, up to 4,000,000 (or
up to 5,000,000 to the extent the over-allotment option is exercised in full) of
its Remarketable Term Income Deferrable Equity Securities (HIGH TIDES)K,
liquidation amount $50 per security (the "Preferred Securities") (the "Initial
Placement").  The proceeds of the sale by the

<PAGE>

Trust of the Preferred Securities and the Common Securities of the Trust,
liquidation amount $50 per Common Security (the "Common Securities"), are to be
invested in the Convertible Senior Subordinated Debentures due 2030 of the
Company issued pursuant to the Indenture dated February 9, 2000 between the
Company and Wilmington Trust Company, as Trustee (the "Debentures") having an
aggregate principal amount equal to the aggregate liquidation amount of the
Preferred Securities and the Common Securities. As an inducement to you to enter
into the Purchase Agreement and in satisfaction of a condition to your
obligations thereunder, the Trust and the Company agree with you, (i) for the
benefit of the Purchasers and (ii) for the benefit of the registered holders
from time to time of the Preferred Securities, the Debentures and the Common
Stock of The Titan Corporation, par value $.01 per share (such Common Stock and
any other shares issuable in place of or in addition to such shares pursuant to
the antidilution provisions of the Debentures, being referred to as the "Common
Stock"), of the Company issuable upon conversion of the Preferred Securities or
the Debentures (collectively, together with the Guarantee by the Company of the
Preferred Securities, the "Securities"), including the Purchasers (each of the
foregoing a "Holder" and together the "Holders"), as follows:

1.        DEFINITIONS.  Capitalized terms used herein without definition shall
have their respective meanings set forth in or pursuant to the Purchase
Agreement or, if not defined therein, in the Offering Circular dated February 3,
2000, in respect of the Preferred Securities or, if not defined therein, in the
Amended and Restated Declaration of Trust dated as of February 9, 2000 (the
"Declaration") relating to the Trust.  As used in this Agreement, the following
capitalized defined terms shall have the following meanings:

          "ACT" or "SECURITIES ACT" means the Securities Act of 1933, as
amended, and the rules and regulations of the Commission promulgated thereunder.

          "AFFILIATE" of any specified person means any other person which,
directly or indirectly, is in control of, is controlled by, or is under common
control with, such specified person.  For purposes of this definition, control
of a person means the power, direct or indirect, to direct or cause the
direction of the management and policies of such person whether by contract or
otherwise; the terms "controlling" and "controlled" have meanings correlative to
the foregoing.

          "APPLICABLE RATE" means the rate at which the Preferred Securities
accrue distributions and the Debentures accrue interest.  The Applicable Rate
shall be 5 3/4% per annum from the date of original issuance of the Preferred
Securities to (but excluding) the Reset Date.  From the Reset Date, the
Applicable Rate will be the Term Rate established by the Remarketing Agent to be
effective on the Reset Date.  The Applicable Rate will be increased upon the
occurrence of a Registration Default, as set forth in Section 7(a) hereof.

          "BUSINESS DAY" means any day other than (i) a Saturday or Sunday, (ii)
a day on which banking institutions in The City of New York are authorized or

<PAGE>

required by law or executive order to remain closed or (iii) a day on which the
corporate trust office of the Debenture Trustee or the Property Trustee is
closed for business.

          "CLOSING DATE" has the meaning given such term in the Purchase
Agreement.

          "COMMISSION" means the Securities and Exchange Commission.

          "COMMON STOCK"  has the meaning set forth in the first paragraph to
this Agreement.

          "COMPANY" has the meaning set forth in the first paragraph to this
Agreement.

          "DEBENTURES" has the meaning set forth in the first paragraph to this
Agreement.

          "DEBENTURE TRUSTEE," "GUARANTEE TRUSTEE" and "PROPERTY TRUSTEE" each
means Wilmington Trust Company.

          "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.

          "GUARANTEE" means the guarantee by the Company of the Preferred
Securities pursuant to a Guarantee Agreement dated as of February 9, 2000
between the Company and the Guarantee Trustee.

          "HOLDER" and "HOLDERS" each has the meaning set forth in the first
paragraph to this Agreement.

          "INDEMNIFIED PARTIES" has the meaning set forth in Section 5(a)
hereof.

          "INITIAL PLACEMENT" has the meaning set forth in the first paragraph
to this Agreement.

          "MANAGING UNDERWRITERS" means the investment banker or investment
bankers and manager or managers that shall administer an underwritten offering,
if any, as set forth in Section 6 hereof.

          "PARTICIPATING BROKER-DEALER" means any broker-dealer that is the
beneficial owner (as defined in Rule13d-3 under the Exchange Act) of Securities
received by such broker-dealer.

          "PREFERRED SECURITIES" has the meaning set forth in the first
paragraph to this Agreement.

          "PROSPECTUS" means the prospectus included in any Shelf Registration
Statement (including, without limitation, a prospectus that discloses
information

<PAGE>

previously omitted from a prospectus filed as part of an effective registration
statement in reliance upon Rule 430A under the Act), with respect to the terms
of the offering of any portion of the Securities covered by such Shelf
Registration Statement, as amended or supplemented by all amendments (including
post-effective amendments) and supplements to the Prospectus.

          "PURCHASE AGREEMENT" has the meaning set forth in the first paragraph
to this Agreement.

          "PURCHASERS" has the meaning set forth in the first paragraph to this
Agreement.

          "REGISTRABLE SECURITIES" has the meaning specified in the Indenture.

          "REGISTRATION DEFAULT" has the meaning given to such term in Section
7(a) hereof.

          "REMARKETING AGENT" has the meaning specified in the Indenture.

          "RESET DATE" means any date that is (i) not later than February 15,
2005 (or, if such day is not a Business Day, the next succeeding Business Day),
and (ii) not earlier than 70 Business Days prior to February 15, 2005, as may be
determined by the Remarketing Agent, in its sole discretion.

          "SECURITIES" means the Preferred Securities, the Debentures, the
Common Stock and the Guarantee, individually and collectively.

          "SHELF REGISTRATION" means a registration effected pursuant to Section
2 hereof.

          "SHELF REGISTRATION PERIOD" has the meaning set forth in Section 2(b)
hereof.

          "SHELF REGISTRATION STATEMENT" means a "shelf" registration statement
of the Trust and the Company pursuant to the provisions of Section 2 hereof
filed with the Commission which covers some or all of the Securities, as
applicable, on an appropriate form under Rule 415 under the Act, or any similar
rule that may be adopted by the Commission, amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

          "SUSPENSION PERIOD" has the meaning set forth in Section 7(b) hereof.

          "TERM RATE" means the rate established by the Remarketing Agent (as
defined in the Indenture) in connection with the Remarketing (as defined in the

<PAGE>

Indenture) at which interest will accrue on the Debentures and distributions
will accrue on the Preferred Securities on and after the Reset Date.

          "TRUST" has the meaning set forth in the first paragraph to this
Agreement.

          "TRUSTEE" means the Guarantee Trustee, the Debenture Trustee or the
Property Trustee, as applicable.

          "UNDERWRITER" means any underwriter of Securities in connection with
an offering thereof under a Shelf Registration Statement.

(a)       SHELF REGISTRATION.    The Trust and the Company shall as promptly as
practicable prepare and, not later than the 75th day following the Closing Date,
shall file with the Commission and thereafter shall each use their best efforts
to cause to be declared effective under the Act as soon as practicable, but in
no event later than the 150th day following the Closing Date, a Shelf
Registration Statement relating to the offer and sale of the Securities by the
Holders from time to time in accordance with the methods of distribution elected
by such Holders and set forth in such Shelf Registration Statement.

     (b)       The Trust and the Company shall each use its best efforts

          (i)       to keep the Shelf Registration Statement continuously
          effective in order to permit the Prospectus forming part thereof to be
          usable by Holders until resale of the Securities is permitted pursuant
          to Rule 144(k) under the Securities Act or any successor rule or
          regulation thereto after the date the Shelf Registration Statement is
          declared effective or such shorter period that will terminate upon the
          earlier of the following:

               (1)       when all the Preferred Securities covered by the Shelf
               Registration Statement have been sold pursuant to the Shelf
               Registration Statement;

               (2)       when all Debentures issued to Holders in respect of
               Preferred Securities that had not been sold pursuant to the Shelf
               Registration Statement have been sold pursuant to the Shelf
               Registration Statement; or

               (3)       when all shares of Common Stock issued upon conversion
               of any such Preferred Securities or any such Debentures that had
               not been sold pursuant to the Shelf Registration Statement have
               been sold pursuant to the Shelf Registration Statement (in any
               such case, such period being called the "Shelf Registration
               Period"); and

<PAGE>

          (ii)      after the effectiveness of the Shelf Registration Statement,
          promptly upon the request of any Holder to take any action reasonably
          necessary to register the sale of any Securities of such Holder and to
          identify such Holder as a selling securityholder.

2.        REGISTRATION PROCEDURES.  In connection with any Shelf Registration
Statement, the following provisions shall apply:

     (a)       The Trust and the Company shall furnish to the Purchasers and any
     other Holders who so request, and their respective counsel and accountants,
     prior to the filing thereof with the Commission, a copy of any Shelf
     Registration Statement, and each amendment thereof and each amendment or
     supplement, if any, to the Prospectus included therein and shall each use
     its best efforts to reflect in each such document, when so filed with the
     Commission, such comments as the Purchasers and such other Holders
     reasonably may propose.

     (b)       The Trust and the Company shall take such action as may be
     necessary so that (i) any Shelf Registration Statement and any amendment
     thereto and any Prospectus forming part thereof and any amendment or
     supplement thereto (and each report or other document incorporated therein
     by reference in each case) complies in all material respects with the
     Securities Act and the Exchange Act and the respective rules and
     regulations thereunder, (ii) any Shelf Registration Statement and any
     amendment thereto does not, when it becomes effective, contain an untrue
     statement of a material fact or omit to state a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading and (iii) any Prospectus forming part of any Shelf Registration
     Statement, and any amendment or supplement to such Prospectus, does not,
     during the Shelf Registration Period, include an untrue statement of a
     material fact or omit to state a material fact necessary in order to make
     the statements, in the light of the circumstances under which they were
     made, not misleading.

     (i)         The Company shall advise the Purchasers and the Holders and, if
     requested by the Purchasers or any such Holder, confirm such advice in
     writing:

               (1)       when a Shelf Registration Statement and any amendment
               thereto has been filed with the Commission and when the Shelf
               Registration Statement or any post-effective amendment thereto
               has become effective; and

               (2)       of any request by the Commission for amendments or
               supplements to the Shelf Registration Statement or the Prospectus
               included therein or for additional information.

<PAGE>

          (ii)      The Trust and the Company shall advise the Purchasers and
          the Holders and, if requested by the Purchasers or any such Holder,
          confirm such advice in writing:

               (1)       of the issuance by the Commission of any stop order
               suspending the effectiveness of the Shelf Registration Statement
               or the initiation of any proceedings for that purpose;

               (2)       of the receipt by the Trust or the Company of any
               notification with respect to the suspension of the qualification
               of the Securities included therein for sale in any state or the
               initiation or threatening of any proceeding for such purpose; and

               (3)       of the happening, during the Shelf Registration Period,
               of any event that requires the making of any changes in the Shelf
               Registration Statement or the Prospectus so that, as of such
               date, the Registration Statement and the Prospectus do not
               contain an untrue statement of a material fact and do not omit to
               state a material fact required to be stated therein or necessary
               to make the statements therein (in the case of the Prospectus, in
               light of the circumstances  under which they were made) not
               misleading (which advice shall be accompanied by an instruction
               to suspend the use of the Prospectus until the requisite changes
               have been made).

     (c)       Each of the Trust and the Company shall use its best efforts to
     prevent the issuance, and if issued to obtain the withdrawal, of any order
     suspending the effectiveness of any Shelf Registration Statement at the
     earliest possible time.

     (d)       The Trust and the Company shall furnish to each Holder of
     Securities included within the coverage of any Shelf Registration
     Statement, without charge, at least one copy of such Shelf Registration
     Statement and any post-effective amendment thereto (including any reports
     or other documents incorporated therein by reference), including financial
     statements and schedules, and, if the Holder so requests in writing, all
     exhibits (including those incorporated by reference).

     (e)       The Trust and the Company shall, during the Shelf Registration
     Period, deliver to each Holder of Securities included within the coverage
     of any Shelf Registration Statement, without charge, as many copies of the
     Prospectus (including each preliminary Prospectus) included in such Shelf
     Registration Statement and any amendment or supplement thereto as such
     Holder may reasonably request; and each of the Trust and the Company
     consents to the use of the Prospectus or any amendment or supplement
     thereto by each of the selling Holders of Securities in connection

<PAGE>

     with the offering and sale of the Securities covered by the Prospectus or
     any amendment or supplement thereto during the Shelf Registration Period.

     (f)       Prior to any offering of Securities pursuant to any Shelf
     Registration Statement, the Trust and the Company shall register or qualify
     or cooperate with the Holders of Securities included therein and their
     respective counsel in connection with the registration or qualification of
     such Securities for offer and sale under the securities or blue sky laws of
     such states as any such Holders reasonably request in writing and do any
     and all other acts or things necessary or advisable to enable the offer and
     sale in such states of the Securities covered by such Shelf Registration
     Statement; provided, however, that neither the Trust nor the Company will
     be required to qualify generally to do business in any jurisdiction where
     it is not then so qualified or to take any action which would subject it to
     general service of process or to taxation in any such jurisdiction where it
     is not then so subject.

     (g)       Unless the applicable Securities shall be in book-entry only
     form, the Trust and the Company shall cooperate with the Holders of
     Securities to facilitate the timely preparation and delivery of
     certificates representing Securities to be sold pursuant to any Shelf
     Registration Statement free of any restrictive legends and in such
     permitted denominations and registered in such names as Holders may request
     in connection with the sale of Securities pursuant to such Shelf
     Registration Statement.

     (h)       Upon the occurrence of any event contemplated by Section
     3(c)(i)(2) or 3(c)(ii)(3) above, the Trust and the Company shall promptly
     prepare a post-effective amendment to any Shelf Registration Statement or
     an amendment or supplement to the related Prospectus or file any other
     required document so that, as thereafter delivered to purchasers of the
     Securities included therein, the Prospectus will not include an untrue
     statement of a material fact or omit to state any material fact necessary
     to make the statements therein, in the light of the circumstances under
     which they were made, not misleading.  If the Trust or the Company notifies
     the Holders of the occurrence of any event contemplated by Section
     3(c)(ii)(3) above, the Holders shall suspend the use of the Prospectus
     until the requisite changes to the Prospectus have been made.

     (i)       Not later than the effective date of any Shelf Registration
     Statement hereunder, the Trust and the Company shall provide a CUSIP number
     for the Preferred Securities and, in the event of and at the time of any
     distribution thereof to Holders, the Debentures, registered under such
     Shelf Registration Statement, and provide the applicable Trustee with
     certificates for such Securities, in a form eligible for deposit with The
     Depository Trust Company.

     (j)       The Trust and the Company shall use their best efforts to comply
     with all applicable rules and regulations of the Commission and shall

<PAGE>

     make generally available to their securityholders or otherwise in
     accordance with Section 11(a) of the Securities Act as soon as practicable
     after the effective date of the applicable Shelf Registration Statement an
     earning statement satisfying the provisions of Section 11(a) of the
     Securities Act.

     (k)       The Trust and the Company shall cause the Indenture, the
     Declaration and the Guarantee to be qualified under the Trust Indenture Act
     in a timely manner.

     (l)       The Trust and the Company may require each Holder of Securities
     to be sold pursuant to any Shelf Registration Statement to furnish to the
     Trust and the Company such information regarding the Holder and the
     distribution of such Securities as the Trust and the Company may from time
     to time reasonably require for inclusion in such Shelf Registration
     Statement.

     (m)       The Trust and the Company shall, if requested, promptly
     incorporate in a Prospectus supplement or post-effective amendment to a
     Shelf Registration Statement, such information as the Managing Underwriters
     reasonably agree should be included therein and to which the Trust and the
     Company do not reasonably object and shall make all required filings of
     such Prospectus supplement or post-effective amendment as soon as
     practicable after they are notified of the matters to be incorporated in
     such Prospectus supplement or post-effective amendment.

     (n)       The Trust and the Company shall enter into such customary
     agreements (including underwriting agreements in customary form) to take
     all other appropriate actions in order to expedite or facilitate the
     registration or the disposition of the Securities, and in connection
     therewith, if an underwriting agreement is entered into, cause the same to
     contain indemnification provisions and procedures substantially identical
     to those set forth in Section 5 hereof (or such other customary provisions
     and procedures acceptable to the Managing Underwriters, if any) with
     respect to all parties to be indemnified pursuant to Section 5 hereof.

     (o)       The Trust and the Company shall (i) make reasonably available for
     inspection by the Holders of Securities to be registered thereunder, any
     underwriter participating in any disposition pursuant to such Shelf
     Registration Statement, and any attorney, accountant or other agent
     retained by such Holders or any such underwriter, all relevant financial
     and other records, pertinent corporate documents and properties of the
     Trust and the Company and its subsidiaries as shall be requested in
     connection with the discharge of their due diligence obligations; (ii)
     cause the Company's officers, directors, employees and independent public
     accountants and any relevant Trustees to supply at the Company's expense
     all relevant information reasonably requested by such Holders or any such
     underwriter, attorney, accountant or agent in connection with any such
     Shelf Registration Statement as is customary for similar due diligence
     examinations; provided, however,

<PAGE>

     that any information that is designated in writing by the Trust and the
     Company in good faith as confidential at the time of delivery of such
     information shall be kept confidential by such Holders or any such
     underwriter, attorney, accountant or agent, unless such disclosure is made
     in connection with a court proceeding or required by law, or such
     information becomes available to the public generally or through a third
     party without an accompanying obligation of confidentiality; and provided
     further that the foregoing inspection and information gathering shall, to
     the greatest extent possible, be coordinated on behalf of the Holders and
     the other parties entitled thereto by one counsel designated by and on
     behalf of such Holders and other parties; (iii) to the extent requested,
     make such representations and warranties to the Holders of Securities
     registered thereunder and the underwriters, if any, in form, substance and
     scope as are customarily made by the issuers to underwriters in primary
     underwritten offerings and covering matters as are customarily covered in
     representation and warranties requested in primary underwritten offerings
     including, but not limited to, those set forth in the Purchase Agreement;
     (iv) to the extent requested, obtain opinions of counsel to the Trust and
     the Company and updates thereof (which counsel and opinions (in form, scope
     and substance) shall be reasonably satisfactory to the Managing
     Underwriters, if any) addressed to each selling Holder and the
     underwriters, if any, covering such matters and with such exceptions as are
     customarily covered or taken in opinions requested in underwritten
     offerings and such other matters as may be reasonably requested by such
     Holders and underwriters (it being agreed that the matters to be covered by
     such opinion shall include, without limitation, as of the date of the
     opinion and as of the effective date of the Shelf Registration Statement or
     most recent post-effective amendment thereto, as the case may be, a
     statement by such counsel regarding the absence from such Shelf
     Registration Statement and the prospectus included therein, as then amended
     or supplemented, including the documents incorporated by reference therein,
     of an untrue statement of a material fact or the omission to state therein
     a material fact required to be stated therein or necessary to make the
     statements therein not misleading); (v) to the extent requested, obtain
     "cold comfort" letters and updates thereof from the independent certified
     public accountants of the Company (and, if necessary, any other independent
     certified public accountants of any subsidiary of the Company or of any
     business acquired by the Company for which financial statements and
     financial data are, or are required to be, included in the Shelf
     Registration Statement), addressed to each such Holder of Securities
     registered thereunder and the underwriters, if any, in customary form and
     covering matters of the type customarily covered in "cold comfort" letters
     in connection with primary underwritten offerings; and (vi) deliver such
     documents and certificates as may be reasonably requested by any such
     Holders and the Managing Underwriters, if any, including those to evidence
     compliance with Section 3(i) and with any customary conditions contained in
     the underwriting agreement or other agreement entered into by the Trust and
     the Company. The foregoing actions set forth in clauses (iii), (iv), (v)
     and (vi) of this Section 3(p), to the extent

<PAGE>

     requested, shall be performed at (A) the effectiveness of such Shelf
     Registration Statement and each post-effective amendment thereto and (B)
     each closing under any underwritten offering to the extent required under
     any related underwriting or similar agreement.

     (p)       Each of the Trust and the Company will use its best efforts to
     cause the Common Stock relating to such Shelf Registration Statement to be
     listed on each securities exchange, over-the-counter market, or respective
     counterpart if any, on which any shares of Common Stock are then listed.

     (q)       The Trust and the Company shall, in the event that any broker-
     dealer registered under the Exchange Act shall underwrite any Securities or
     participate as a member of an underwriting syndicate or selling group or
     "assist in the distribution" (within the meaning of the Rules of Fair
     Practice and the By-Laws of the National Association of Securities Dealers,
     Inc.  ("NASD")) thereof, whether as a Holder of such Securities or as an
     underwriter, a placement or sales agent or a broker or dealer in respect
     thereof, or otherwise, assist such broker-dealer in complying with the
     requirements of such Rules and By-Laws, including, without limitation, by
     (A) if such Rules or By-Laws, including Schedule E thereto, shall so
     require, engaging a "qualified independent underwriter" (as defined in such
     Schedule) to participate in the preparation of the Shelf Registration
     Statement relating to such Securities, to exercise usual standards of due
     diligence in respect thereto, (B) indemnifying any such qualified
     independent underwriter to the extent of the indemnification of
     underwriters provided in Section 5 hereof and (C) providing such
     information to such broker-dealer as may be required in order for such
     broker-dealer to comply with the requirements of the Rules of Fair Practice
     of the NASD.

     (r)       The Trust and the Company shall use their best efforts to take
     all other steps necessary to effect the registration, offering and sale of
     the Securities covered by the Shelf Registration Statement contemplated
     hereby.

3.        REGISTRATION EXPENSES.  Except as otherwise provided in Section 6, the
Company shall bear all fees and expenses incurred in connection with the
performance of the obligations of the Company and the Trust under Sections 2 and
3 hereof and shall bear, or reimburse the Purchasers or the Holders for, the
reasonable fees and disbursements of one counsel designated in connection with
the filing of the Shelf Registration Statement.  Notwithstanding anything to the
contrary herein contained, each Holder of Securities shall pay all registration
expenses to the extent required by applicable law.

4.        INDEMNIFICATION. (a) The Trust and the Company, jointly and severally
agree, to indemnify and hold harmless each Holder of the Securities, any
Participating Broker-Dealer and each person, if any, who controls such Holder or
such Participating Broker-Dealer within the meaning of the Securities Act or the
Exchange Act (each Holder, any Participating Broker-Dealer and such controlling

<PAGE>

persons are referred to collectively as the "INDEMNIFIED PARTIES") from and
against any losses, claims, damages or liabilities, joint or several, or any
actions in respect thereof (including, but not limited to, any losses, claims,
damages, liabilities or actions relating to purchases and sales of the
Securities) to which each Indemnified Party may become subject under the
Securities Act, the Exchange Act or otherwise, insofar as such losses, claims,
damages, liabilities or actions arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in the Shelf
Registration Statement as originally filed or in an amendment thereof, or in any
preliminary prospectus relating to a Shelf Registration, or arise out of, or are
based upon, the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and shall reimburse, as incurred, the Indemnified Parties for any
legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action in
respect thereof; PROVIDED, HOWEVER, that (i) the Trust and the Company shall not
be liable in any such case to the extent that such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue
statement or omission or alleged omission made in the Shelf Registration
Statement as originally filed or in an amendment thereof, or in any preliminary
prospectus relating to a Shelf Registration Statement in reliance upon and in
conformity with written information pertaining to any Holder and furnished to
the Trust or the Company by or on behalf of any Holder specifically for
inclusion therein and (ii) with respect to any untrue statement or omission or
alleged untrue statement or omission made in any preliminary prospectus relating
to a Shelf Registration Statement, the indemnity agreement contained in this
paragraph  (a) shall not inure to the benefit of any Holder or Participating
Broker-Dealer from whom the person asserting any such losses, claims, damages or
liabilities purchased the Securities concerned, to the extent that a prospectus
relating to such Securities was required to be delivered by such Holder or
Participating Broker-Dealer under the Securities Act in connection with such
purchase and any such loss, claim, damage or liability of such Holder or
Participating Broker-Dealer results from the fact that there was not sent or
given to such person, at or prior to the written confirmation of the sale of
such Securities to such person, a copy of the final prospectus if the Trust or
the Company had previously furnished copies thereof to such Holder or
Participating Broker-Dealer; PROVIDED FURTHER, HOWEVER, that this indemnity
agreement will be in addition to any liability which the Trust or the Company
may otherwise have to such Indemnified Party.  The Trust and the Company shall
also indemnify underwriters, their officers and directors and each person who
controls such underwriters within the meaning of the Securities Act or the
Exchange Act to the same extent as provided above with respect to the
indemnification of the Holders of the Securities if requested by such Holders.

     (b)  Each Holder of the Securities, severally and not jointly, will
indemnify and hold harmless the Trust, the Trustee, the Company, each of the
directors of the Company, each of the officers of the Company who signs such
Shelf Registration Statement and each person, if any, who controls the Trust or
the Company within the meaning of the Securities Act or the Exchange Act from
and against any losses, claims, damages or liabilities or any actions in respect
thereof, to which the

<PAGE>

Company, the Trust, the Trustee, each of the directors of the Company, each of
the officers of the Company who signs such Shelf Registration Statement or any
person who controls the Trust or the Company may become subject under the
Securities Act, the Exchange Act or otherwise, insofar as such losses, claims,
damages, liabilities or actions arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in the Shelf
Registration Statement as originally filed or in an amendment thereof, or in any
preliminary prospectus relating to a Shelf Registration Statement, or arise out
of or are based upon the omission or alleged omission to state therein a
material fact necessary to make the statements therein not misleading, but in
each case only to the extent that the untrue statement or omission or alleged
untrue statement or omission was made in reliance upon and in conformity with
written information pertaining to such Holder and furnished to the Trust or the
Company by or on behalf of such Holder specifically for inclusion therein; and,
subject to the limitation set forth immediately preceding this clause, shall
reimburse, as incurred, the Trust, the Trustee, the Company, each of the
directors of the Company, each of the officers of the Company who signs such
Shelf Registration Statement or any person who controls the Trust or the Company
for any legal or other expenses reasonably incurred by the Trust, the Trustees,
the Company, each of the directors of the Company, each of the officers of the
Compay who signs such Shelf Registration Statement or any such controlling
person in connection with investigating or defending any loss, claim, damage,
liability or action in respect thereof. This indemnity agreement will be in
addition to any liability which such Holder may otherwise have to the Company,
the Trust, the Trustees, each of the directors of the Company, each of the
officers of the Company who signs such Shelf Registration Statement or any
person who controls the Trust or the Company.

     (c)  Promptly after receipt by an indemnified party under this Section 5 of
notice of the commencement of any action or proceeding (including a governmental
investigation), such indemnified party will, if a claim in respect thereof is to
be made against the indemnifying party under this Section 5, notify the
indemnifying party of the commencement thereof; but the omission so to notify
the indemnifying party will not, in any event, relieve the indemnifying party
from any obligations to any indemnified party other than the indemnification
obligation provided in paragraph (a) or (b) above.  In case any such action is
brought against any indemnified party, and it notifies the indemnifying party of
the commencement thereof, the indemnifying party will be entitled to participate
therein and, to the extent that it may wish, jointly with any other indemnifying
party similarly notified, to assume the defense thereof, with counsel reasonably
satisfactory to such indemnified party (who shall not, except with the consent
of the indemnified party, be counsel to the indemnifying party), and after
notice from the indemnifying party to such indemnified party of its election so
to assume the defense thereof the indemnifying party will not be liable to such
indemnified party under this Section 5 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such
indemnified party in connection with the defense thereof.  No indemnifying party
shall, without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder

<PAGE>

by such indemnified party unless such settlement includes an unconditional
release of such indemnified party from all liability on any claims that are the
subject matter of such action, and does not include a statement as to or an
admission of fault, culpability or a failure to act by or on behalf of any
indemnifid party.

     (d)  If the indemnification provided for in this Section 5 is unavailable
or insufficient to hold harmless an indemnified party under paragraphs (a) or
(b) above, then each indemnifying party shall contribute to the amount paid or
payable by such indemnified party as a result of the losses, claims, damages or
liabilities (or actions in respect thereof) referred to in paragraph (a) or (b)
above (i) in such proportion as is appropriate to reflect the relative benefits
received by the indemnifying party or parties on the one hand and the
indemnified party on the other from the Initial Placement and the Shelf
Registration Statement, or (ii) if the allocation provided by the foregoing
clause (i) is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the indemnifying party or parties on the
one hand and the indemnified party on the other in connection with the
statements or omissions that resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any other relevant
equitable considerations.  The relative fault of the parties shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company or the Trust, on
the one hand, or such Holder or such other indemnified party, as the case may
be, on the other, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.
The amount paid by an indemnified party as a result of the losses, claims,
damages or liabilities referred to in the first sentence of this paragraph (d)
shall be deemed to include any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any action
or claim which is the subject of this paragraph (d).  Notwitstanding any other
provision of this Section 5(d), the Holders of the Securities shall not be
required to contribute any amount in excess of the amount by which the net
proceeds received by such Holders from the sale of the Securities pursuant to
the Shelf Registration Statement exceeds the amount of damages which such
Holders have otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission.  No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation.  For purposes of this paragraph
(d), each person, if any, who controls such indemnified party within the meaning
of the Securities Act or the Exchange Act shall have the same rights to
contribution as such indemnified party and each of the directors of the Company,
each of the officers of the Company who signs such Shelf Registration Statement,
and each person, if any, who controls the Company within the meaning of the
Securities Act or the Exchange Act shall have the same rights to contribution as
the Company and each person, if any, who controls the Trust within the meaning
of the Securities Act or the Exchange Act shall have the same rights to
contribution as the Trust.

<PAGE>

     (e)  The agreements contained in this Section 5 shall survive the sale of
the Securities pursuant to a Registration Statement and shall remain in full
force and effect, regardless of any termination or cancellation of this
Agreement or any investigation made by or on behalf of any indemnified party.

5.        UNDERWRITTEN OFFERING.  If, pursuant to written notice delivered to
the Company by the Holders of a majority in aggregate liquidation amount of the
Preferred Securities, a majority in aggregate principal amount of the Debentures
or a majority of Holders of the Common Stock, as the case may be, registered
pursuant to a Shelf Registration, such Holders so elect, the offer and sale of
any such Preferred Securities, Debentures and/or Common Stock may be effected in
the form of an underwritten offering.  In any such underwritten offering, the
investment banker or bankers and manager or managers that will administer the
offering will be selected by, and the underwriting arrangements with respect
thereto will be approved by, the Company; provided, however, that such
investment bankers and managers and underwriting arrangements must be reasonably
satisfactory to the Holders of a majority of the Securities to be included in
such offering.  The Company shall not, in any event, be obligated to arrange for
more than one underwritten offering during the Shelf Registration Period.  No
Holder may participate in any underwritten offering contemplated hereby unless
(i) such Holder (a) agrees to sell such Holder's Securities in accordance with
any approved underwriting arrangements, (b) completes and executes all
reasonable questionnaires, powers of attorney, indemnities, underwriting
agreements, lock-up letters and other documents required under the terms of such
approved underwriting arrangements and (ii) at least 20% of the outstanding
Securities are included in such underwritten offering.  The Holders
participating in any underwritten offering shall be responsible for any expenses
customarily borne by selling securityholders, including underwriting discounts
and commissions and fees and expenses of counsel to the selling securityholders
and shall reimburse the Trust and the Company for the fees and disbursements of
their counsel, their independent public accountants and any printing expenses
incurred in connection with such underwritten offering.  Notwithstanding the
foregoing or the provisions of Section 3(n) hereof, upon receipt of a request
from the Managing Underwriter or a representative of Holders of a majority of
the Securities outstanding to prepare and file an amendment or supplement to the
Shelf Registration Statement and Prospectus in connection with an underwritten
offering, the Company may delay the filing of any such amendment or supplement
for up to 90 days if the Company in good faith has a valid business reason for
such delay.

(a)       CHANGES TO THE APPLICABLE RATE UNDER CERTAIN CIRCUMSTANCES.    The
Applicable Rate at which interest is paid on the Debentures (including in
respect of amounts accruing during any Deferral Period), and distributions are
paid on the Preferred Securities shall be adjusted as follows, if any of the
following events occur (each such event in clauses (i) through (iii) below, a
"Registration Default"):

          (i)       if a Shelf Registration Statement is not filed with the
          Commission on or prior to the 75th day following the Closing Date;

<PAGE>

          (ii)      if the Shelf Registration Statement is not declared
          effective on or prior to the 150th day following the Closing Date;

          (iii)     if (1) after the Shelf Registration Statement is declared
          effective, such Shelf Registration Statement ceases to be effective
          prior to the end of the Shelf Registration Period (except as permitted
          in paragraph (b) of this Section 7) or (2) such Shelf Registration
          Statement or the related Prospectus ceases to be usable in connection
          with resales of Securities covered by such Shelf Registration
          Statement prior to the end of the Shelf Registration Period (except as
          permitted in paragraph (b) of this Section 7) because either (A) any
          event occurs as a result of which the related Prospectus forming part
          of such Shelf Registration Statement would include any untrue
          statement of a material fact or omit to state any material fact
          necessary to make the statements therein in light of the circumstances
          in which they were made not misleading or (B) it shall be necessary to
          amend such Shelf Registration Statement, or supplement the related
          Prospectus, to comply with the Securities Act or the Exchange Act or
          the respective rules thereunder.

          The Applicable Rate will increase following the occurrence of each
Registration Default set forth in clauses (i), (ii) and (iii) above from and
including the next day following each such Registration Default, in each case by
 .50% per annum of the principal amount or liquidation amount, as applicable, of
the Securities without prejudice to any other claim that any Holder may have for
any failure by the Company to obtain or maintain continuous effectiveness of a
Shelf Registration Statement in accordance with the terms of this Registration
Agreement.  The increase in the Applicable Rate attributable to each
Registration Default shall cease to be effective from the date such Registration
Default is cured, and the Applicable Rate shall be reduced at such time to the
Applicable Rate in effect immediately prior to such Registration Default;
provided, however, in the event a Registration Default occurs prior to the Reset
Date and is cured on or after the Reset Date, the Applicable Rate shall be the
Term Rate from the date such Registration Default is cured.

     (b)       Notwithstanding anything in Section 7(a) to the contrary, the
     Company may prohibit offers and sales of Registrable Securities at any time
     if

          (i)       (1) it is in possession of material non-public information,
          (2)(A) the Board of Directors of the Company or (B) the Chief
          Financial Officer and the General Counsel of the Company, determine in
          good faith that disclosure of such material non-public information at
          such time would not be in the best interests of the Company, and
          (3)(A) the Chief Executive Officer of the Company or (B) the Chief
          Financial Officer and the General Counsel of the Company, determine
          that such prohibition is necessary in order to

<PAGE>

          avoid a requirement to disclose such material non-public information;
          or

          (ii)      the Company has made a public announcement relating to an
          acquisition or business combination transaction including the  Company
          and/or one or more of its subsidiaries (1) that is material to  the
          Company and its subsidiaries taken as a whole (and for such purpose no
          transaction shall be deemed material unless, on a pro forma basis and
          after giving effect thereto, consolidated assets or consolidated
          revenues of the Company and its subsidiaries as of the end of or for
          the most recently completed fiscal year would be increased by at least
          20%) and (2) the Board of Directors of the Company or the Chief
          Executive Officer or the Chief Financial Officer of the Company
          determines in good faith that offers and sales of Registrable
          Securities prior to the consummation of such transaction  (or such
          earlier date as the Board of Directors or the Chief Executive Officer
          or the Chief Financial Officer of the Company shall determine) is not
          in the best interests of the Company;

provided that during any period of prohibition neither the Company nor any other
Person to whom the Company shall have given registration rights with respect to
shares of Common Stock shall be entitled to make offers and sales of Common
Stock pursuant to a registration statement filed under the Securities Act, other
than pursuant to an employee stock purchase plan, stock option or other employee
benefit plan or a dividend re-investment plan of the Company (each period during
which any prohibition of offers and sales of Registrable Securities is in effect
pursuant to clause (i) or (ii) of this Section 7(b) is referred to herein as a
"Suspension Period").

          A Suspension Period shall commence on and include the date on which
the Company provides written notice to Holders of Registrable Securities that
offers and sales of Registrable Securities cannot be made in accordance with
this Section 7(b) and shall end on the date on which each such Holder of
Registrable Securities either receives copies of a prospectus supplement, or is
advised in writing by the Company that offers and sales of Registrable
Securities and use of the Prospectus may be resumed; provided, however, that all
Suspension Periods pursuant to clause (i) of this Section 7(b) in the aggregate
shall not exceed 60 days during any period of twelve consecutive calendar months
(nor more than 20 consecutive days for any one Suspension Period) and each
Suspension Period shall be followed by at least ten Business Days during which
no Suspension Period is in effect.

     (c)       A Registration Default referred to in Section 7(a)(iii) shall be
     deemed not to have occurred and be continuing in relation to the Shelf
     Registration Statement or the related Prospectus if (i) such Registration
     Default has occurred solely as a result of (1) the filing of a
     post-effective amendment to such Shelf Registration Statement to
     incorporate annual audited financial information with respect to the
     Company where such post-effective amendment is not yet effective and needs
     to be declared effective to

<PAGE>

     permit Holders to use the related Prospectus or (2) the occurrence of other
     material events or developments with respect to the Trust or the Company
     that would need to be described in such Registration Statement or the
     related Prospectus and (ii) in the case of clause (2), the Trust and the
     Company are proceeding promptly and in good faith to amend or supplement
     such Registration Statement and related Prospectus to describe such events;
     provided, however, that in any case, if such Registration Default occurs
     for a continuous period in excess of 45 days, the Applicable Rate shall
     increase by .50% per annum of the principal amount or the liquidation
     amount, as applicable, in accordance with paragraph (a) above from the
     first day of such 45-day period until the date on which such Registration
     Default is cured.

6.        MISCELLANEOUS.

     (a)       No Inconsistent Agreements.  The Trust and the Company have not,
     as of the date hereof, entered into, nor shall they on or after the date
     hereof, enter into, any agreement with respect to their securities or
     otherwise that is inconsistent with the rights granted to the Holders
     herein or otherwise conflicts with the provisions hereof.

     (b)       Amendments and Waivers.  The provisions of this Agreement,
     including the provisions of this sentence, may not be amended, qualified,
     modified or supplemented, and waivers or consents to departures from the
     provisions hereof may not be given, unless the Trust and the Company have
     obtained the written consent of the Purchasers.

     (c)       Notices.  All notices and other communications provided for or
     permitted hereunder shall be made in writing by hand-delivery, first-class
     mail, telex, telecopier, or air courier guaranteeing overnight delivery:

          (i)       if to a Holder, at the most current address given by such
          Holder to the Company in accordance with the provisions of this
          Section 8(c), which address initially is, with respect to each Holder,
          the address of such Holder maintained by the Registrar under the
          Indenture, with respect to the Debentures, or the Declaration, with
          respect to the Preferred Securities, with a copy in a like manner to
          Credit Suisse First Boston Corporation;

          (ii)      if to the Purchasers, initially at the address set forth in
          the Purchase Agreement; and

          (iii)     if to the Trust or the Company, initially at its address set
          forth in the Purchase Agreement.

          All such notices and communications shall be deemed to have been duly
     given when received.

<PAGE>

          The Purchaser or the Trust and the Company by notice to the other may
designate additional or different addresses for subsequent notices or
communications.

     (d)       Successors and Assigns.  This Agreement shall inure to the
     benefit of and be binding upon the successors and assigns of each of the
     parties and the Holders, including, without the need for an express
     assignment or any consent by the Trust or the Company thereto, subsequent
     Holders of Securities.  The Trust and the Company hereby agree to extend
     the benefits of this Agreement to any Holder of Securities and any such
     Holder may specifically enforce the provisions of this Agreement as if an
     original party hereto.

     (e)       Counterparts.  This Agreement may be executed in any number of
     counterparts and by the parties hereto in separate counterparts, each of
     which when so executed shall be deemed to be an original and all of which
     taken together shall constitute one and the same agreement.

     (f)       Headings.  The headings in this Agreement are for convenience of
     reference only and shall not limit or otherwise affect the meaning hereof.

     (g)       Applicable Law.  This Agreement shall be governed by, and
     construed in accordance with, the laws of the State of New York without
     regard to principles of conflicts of laws.

     (h)       Severability.  In the event that any one of more of the
     provisions contained herein, or the application thereof in any
     circumstances, is held invalid, illegal or unenforceable in any respect for
     any reason, the validity, legality and enforceability of any such provision
     in every other respect and of the remaining provisions hereof shall not be
     in any way impaired or affected thereby, it being intended that all of the
     rights and privileges of the parties shall be enforceable to the fullest
     extent permitted by law.

<PAGE>

          Please confirm that the foregoing correctly sets forth the agreement
between the Company, the Trust and you.

                              Very truly yours,

                              TITAN CAPITAL TRUST

                              By:  _______________________________
                                   Name:
                                   Title:    Administrative Trustee, solely in a
                                             capacity as trustee and not in an
                                             individual capacity

                              THE TITAN CORPORATION

                              By:  _______________________________
                                   Name:
                                   Title:

The foregoing Registration Rights Agreement
     is hereby confirmed and accepted as of
     the date first above written.

CREDIT SUISSE FIRST BOSTON CORPORATION
DONALDSON, LUFKIN & JENRETTE
     SECURITIES CORPORATION

By:  CREDIT SUISSE FIRST BOSTON CORPORATION
     Acting on behalf of itself and as the
     representative of Donaldson, Lufkin & Jenrette
     Securities Corporation

     By:  _________________________
          Name:
          Title:

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