Document:

THE  SECURITIES  REPRESENTED  BY THIS  CERTIFICATE  AND  ISSUABLE  UPON
         EXERCISE  HEREOF HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF
         1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE PROVISIONS OF ANY
         APPLICABLE  STATE  SECURITIES  LAWS,  BUT  HAVE  BEEN  ACQUIRED  BY THE
         REGISTERED  HOLDER HEREOF FOR PURPOSES OF INVESTMENT AND IN RELIANCE ON
         STATUTORY EXEMPTIONS UNDER THE SECURITIES ACT, AND UNDER ANY APPLICABLE
         STATE SECURITIES LAW. THESE  SECURITIES AND THE SECURITIES  ISSUED UPON
         EXERCISE HEREOF MAY NOT BE SOLD, PLEDGED,  TRANSFERRED OR ASSIGNED, NOR
         MAY THESE  WARRANTS BE EXERCISED,  EXCEPT IN ACCORDANCE  WITH TERMS SET
         FORTH IN THIS  CERTIFICATE  OR IN A  TRANSACTION  WHICH IS EXEMPT UNDER
         PROVISIONS OF THE SECURITIES ACT AND ANY  APPLICABLE  STATE  SECURITIES
         LAWS OR PURSUANT TO AN  EFFECTIVE  REGISTRATION  STATEMENT;  AND IN THE
         CASE OF AN  EXEMPTION,  ONLY IF THE COMPANY HAS  RECEIVED AN OPINION OF
         COUNSEL  SATISFACTORY  TO THE COMPANY  THAT SUCH  TRANSACTION  DOES NOT
         REQUIRE REGISTRATION OF ANY SUCH SECURITIES

                                                               No. I-1

                           GLOBAL TECHNOVATIONS, INC.

                                    WARRANTS

                   TO PURCHASE 770,833 SHARES OF COMMON STOCK

         Global  Technovations,  Inc., a Delaware  corporation  (the "Company"),
hereby  certifies that for value received,  Wilmington  Trust Company and George
Jeff Mennen,  Co-Trustees  u/a dated November 25, 1970 with George S. Mennen FBO
John Henry  Mennen,  or its assigns (the "Holder "), is entitled  subject to the
terms set forth  below to  purchase  from the  Company  770,833  fully  paid and
non-assessable shares of common stock (the "Common Stock") of the Company at the
price of  $_____per  share (the  "Purchase  Price").  Subject to vesting,  these
warrants  shall  be  exercisable  for 10  years  commencing  August__,  2000 and
expiring on August__, 2009 at 6:00 p.m. New York time. These Warrants shall vest
as follows:  (i).  520,833 are fully vested and not subject to  forfeiture ; and
(ii) 250,000 shall only vest if by 6:00 p.m. New York time September ____, 2001,
the Holder has not received full payment  including accrued interest of a Senior
Secured  Promissory  Note in the principal  amount of  $5,000,000  issued by the
Company to the Holder as of the date  hereof.  The number and  character of such
shares of Common  Stock and the  Purchase  Price are  subject to  adjustment  as
provided herein.

         As used  herein the  following  capitalized  terms,  unless the context
otherwise requires, have the following respective meanings:

                  (a)      The term  "Company"  includes  any  corporation
         which  shall  succeed to or assume the  obligations  of the Company
         hereunder.

                  (b) The term "Common Stock" means the common stock,  par value
         $0.001 per share, of the Company,  together with all stock of any class
         or classes  (however  designated) of the Company,  the holders of which
         shall have the right, without limitation as to amount, either to all or
         to a  share  of  the  balance  of  current  dividends  and  liquidating
         dividends  after the  payment of  dividends  and  distributions  on any
         shares  entitled  to  preference,   and  the  holders  of  which  shall
         ordinarily,  in the absence of  contingencies,  be entitled to vote for
         the election of a majority of directors of the Company (even though the
         right  so to  vote  has  been  suspended  by the  happening  of  such a
         contingency).

                  (c) The term  "Purchase  Price  per  share"  shall be the then
         applicable  purchase  price for one share of Common  Stock as  adjusted
         pursuant to Sections 5 and 6 hereof.

                  (d)      The term "Securities Act" means the Securities Act of
         1933 as the same shall be in effect at the time.

                  (e)      The term "Warrants" refers to these Warrants.

         1. Registration.  The Company shall register for public sale the Common
Stock and all other shares of Common Stock owned by the Holder or  obtainable by
the  Holder  upon  exercise  of  outstanding  warrants,  options or rights or by
conversion of  convertible  securities,  all in accordance  with a  Registration
Rights Agreement in the form annexed as Exhibit A.

         2.  Sale or  Exercise  Without  Registration.  If,  at the  time of any
exercise,  permitted  transfer or  surrender  for exchange of the Warrants or of
Common Stock previously issued upon the exercise of the Warrants,  such Warrants
or Common Stock shall not be registered  under the  Securities  Act, the Company
may require,  as a condition of allowing  such  exercise,  transfer or exchange,
that the holder or transferee of such Warrants or Common Stock,  as the case may
be, furnish to the Company an opinion of counsel reasonably  satisfactory to the
Company to the effect  that such  exercise,  transfer  or  exchange  may be made
without  registration  under the Securities  Act,  provided that the disposition
thereof  shall at all times be within the control of such holder or  transferee,
as the case may be, and provided further that nothing  contained in this Section
2 shall  relieve the Company from  complying  with any request for  registration
pursuant  to Section 1 hereof.  The  Holder of the  Warrants  represents  to the
Company that it is acquiring the Warrants for  investment and not with a view to
the distribution thereof.

         3.       Exercise of Warrants; Partial Exercise.

                  3.1  Exercise  in  Full  or in  Part.  These  Warrants  may be
exercised  in full or in  part  by the  Holder  hereof  by  surrender  of  these
Warrants,  with the form of  subscription  attached hereto duly executed by such
holder,  to the  Company at its  principal  office,  as  provided  in Section 19
hereof,  accompanied  by payment by certified or official  bank check payable to
the order of the Company,  in the amount  obtained by multiplying  the number of
shares of Common Stock called for on the face of these Warrants  (without giving
effect to any adjustment therein) by the Purchase Price.

                  3.2 Company to Reaffirm Obligations.  The Company will, at the
time of any exercise of these  Warrants,  upon the request of the Holder hereof,
acknowledge  in writing its  continuing  obligation to afford to such Holder any
rights to which such Holder shall continue to be entitled after such exercise in
accordance with the provisions of these Warrants, provided that if the Holder of
these  Warrants  shall fail to make any such  request,  such  failure  shall not
affect the  continuing  obligation of the Company to afford such Holder any such
rights.

         4.       Delivery of Stock  Certificates,  etc., on Exercise.  As soon
as practicable  after the exercise of these Warrants infull or in part,  and in
any event within  two days  thereafter, the Company  at its  expense (including
the  payment by it of any applicable  issue or  transfer  taxes)  will cause to
be issued in the name of and  delivered  to the Holder  hereof a  certificate or
certificates  for the number of fully paid and  non-assessable  Common Stock or
Other Securities to which such Holder shall be entitled upon such  exercise,
plus,  in lieu of any  fractional  share to which such holder would  otherwise
be  entitled,  cash equal to such fraction  multiplied by the then current fair
market value of one full share (determined by the closing price on the principal
market as of the date of receipt of the Warrants with executed  subscription),
together with any other stock or other securities and property (including cash,
where applicable) to which such Holder is entitled upon such exercise pursuant
to Section 5 hereof or otherwise.

         5.  Anti-Dilution  Provisions.  If and to the extent that the number of
issued  shares of Common  Stock of the Company  shall be  increased,  reduced or
changed by change in par value, split up, reclassification, or distribution of a
dividend  payable in Common Stock,  the number of shares subject to the Warrants
and the exercise price per share shall be  proportionately  adjusted;  provided,
however,  that the anti-dilution  provision described in this Section 5 does not
apply to sales of Common Stock made by the Company at a price below the Purchase
Price.

         6.  Reorganization,  Consolidation,  Merger,  etc.  In case the Company
shall (a) effect a  reorganization,  (b) consolidate  with or merge with or into
any other entity,  or (c) transfer all or substantially all of its properties or
assets  to any other  entity  under any plan or  arrangement  contemplating  the
dissolution  of the  Company,  then,  in each  such  case,  the  holder of these
Warrants,  upon the exercise thereof as provided in Section 3 hereof at any time
after the  consummation of such  reorganization,  consolidation or merger or the
effective  date of such  dissolution,  as the case may be,  shall be entitled to
receive (and the Company  shall be entitled to  deliver),  in lieu of the Common
Stock issuable upon such exercise prior to such  consummation  or such effective
date, the stock and other securities and property (including cash) to which such
Holder would have been entitled  upon such  consummation  or in connection  with
such  dissolution,  as the case may be, if such  Holder had so  exercised  these
Warrants immediately prior thereto, all subject to further adjustment thereafter
as provided in Section 5 hereof.

         7. Further Assurances.  The Company will take all such action as may be
necessary or appropriate in order that the Company may validly and legally issue
fully paid and  non-assessable  Common  Stock upon the  exercise of all Warrants
from time to time outstanding.

         8.  Officer's  Certificate  as to  Adjustments.  In  each  case  of any
adjustment or readjustment in the Common Stock issuable upon the exercise of the
Warrants,  the Company at its expense will promptly  compute such  adjustment or
readjustment  in  accordance  with  the  terms of the  Warrants  and  prepare  a
certificate,  executed by its chief  financial or  accounting  officer,  setting
forth such adjustment or readjustment and showing in detail the facts upon which
such  adjustment  or  readjustment  is based,  and the  number  of Common  Stock
outstanding or deemed to be outstanding.  The Company will forthwith mail a copy
of each such certificate to each Holder of Warrants.

         9.       Notices of Record Date, etc.  In the event of

                  (a)  any   capital   reorganization   of  the   Company,   any
         reclassification  or  recapitalization  of  the  capital  stock  of the
         Company or any transfer of all or  substantially  all the assets of the
         Company to or  consolidation  or merger of the Company with or into any
         other person; or

                  (b)      any voluntary or involuntary dissolution, liquidation
         or winding-up of the Company;

         and to which  the  provisions  of either  or both of  Sections  5 and 6
         hereof are  applicable,  then and in each such event the  Company  will
         mail or  cause  to be  mailed  to each  holder  of  Warrants  a  notice
         specifying (i) the date on which any such record is to be taken for the
         purpose of such dividend, distribution or right, and stating the amount
         and character of such  dividend,  distribution  or right;  and (ii) the
         date   on   which    any   such    reorganization,    reclassification,
         recapitalization,   transfer,   consolidation,   merger,   dissolution,
         liquidation or winding-up is to take place, and the time, if any, as of
         which  the  holders  of record of Common  Stock  shall be  entitled  to
         exchange  their shares of Common Stock for securities or other property
         deliverable     upon     such     reorganization,     reclassification,
         recapitalization,   transfer,   consolidation,   merger,   dissolution,
         liquidation or winding-up. Such notice shall be mailed at least 15 days
         prior to the date therein specified.

         10. Reservation of Common Stock, etc., Issuable on Exercise of
Warrants.  The Company will at all times reserve and keep available, solely for
issuance and delivery  upon the exercise of the Warrants, all Common Stock from
time to time issuable upon the exercise of the Warrants.

         11. Listing on Securities  Exchanges;  Registration.  If the Company at
any time shall list any Common Stock on any national  securities  exchange,  the
Company  will,  at its  expense,  simultaneously  list  on such  exchange,  upon
official  notice of issuance upon  exercise of the  Warrants,  and maintain such
listing of, all Common Stock from time to time issuable upon the exercise of the
Warrants.  The Company shall  promptly seek, and use its best efforts to obtain,
stockholder approval if required by any national securities exchange.

         12.  Exchange  of  Warrants.  Subject  to the  provisions  of Section 2
hereof,  upon surrender for exchange of any Warrants,  properly  endorsed to the
Company,  the  Company at its own  expense  will issue and deliver to the holder
thereof new  Warrants of like tenor,  in the name of such holder  calling in the
aggregate on the face or faces  thereof for the number of shares of Common Stock
called for on the face of the Warrants so surrendered.

         13.  Replacement  of  Warrants.  Upon  receipt of  evidence  reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of any
Warrants and, in the case of any such loss, theft or destruction,  upon delivery
of an  indemnity  agreement  reasonably  satisfactory  in form and amount to the
Company or, in the case of any such mutilation,  upon surrender and cancellation
of such Warrants,  the Company at its expense will execute and deliver,  in lieu
thereof, new Warrants of like tenor.

         14. Warrant Agent. The Company may, by written notice to each Holder of
the Warrants,  appoint an agent for the purpose of issuing Common Stock upon the
exercise  of the  Warrants  pursuant  to Section 3 hereof,  exchanging  Warrants
pursuant to Section 12 hereof,  and  replacing  Warrants  pursuant to Section 13
hereof, or any of the foregoing,  and thereafter any such issuance,  exchange or
replacement, as the case may be, shall be made at such office by such agent.

         15.  Legend.  Unless  the shares of Common  Stock have been  registered
under the Securities  Act, upon exercise of any of the Warrants and the issuance
of any of the Common  Stock,  pursuant  thereto  all  certificates  representing
Common Stock shall bear on the face thereof substantially the following legend:

          The  securities   represented  by  this   certificate  have  not  been
          registered  under the Securities Act of 1933, as amended,  and may not
          be sold, offered for sale, assigned, transferred or otherwise disposed
          of, unless registered pursuant to the provisions of that Act or unless
          a written  opinion  of  counsel  to the  Company  concludes  that such
          disposition  is in compliance  with an available  exemption  from such
          registration.

         16.  Remedies.  The Company  stipulates that the remedies at law of the
Holder of these  Warrants in the event of any default or  threatened  default by
the Company in the  performance of or compliance  with any of the terms of these
Warrants  are  not  and  will  not be  adequate,  and  that  such  terms  may be
specifically  enforced by a decree for the specific performance of any agreement
contained  herein or by an  injunction  against a violation  of any of the terms
hereof or otherwise.

         17.      Severability.  In the event any parts of these  Warrants  are
found to be void,  the  remaining  provisions  of these Warrants shall neverthe-
less be binding with the same effect as though the void parts were deleted.

         18.      Benefit.  These  Warrants  shall be binding upon and inure to
the benefit of the parties hereto and their legal representatives, successors
and assigns.

         19.  Notices and  Addresses.  All notices,  offers,  acceptance and any
other acts under these Warrants  (except  delivery of these Warrants and payment
of the Purchase Price) shall be in writing,  and shall be sufficiently  given if
delivered to the addressees in person,  by Federal Express or similar  receipted
delivery,  by facsimile  delivery or, if mailed,  postage prepaid,  by certified
mail, return receipt requested, as follows:

The Company:                        Mr. William C. Willis, Jr., President and
                                    Chief Executive Officer
                                    Global Technovations, Inc.
                                    7108 Fairway Drive, Suite 200
                                    Palm Beach Gardens, FL  33418-3757
                                    Facsimile:  (561) 691-5220

The Holder:                         Mr. George Jeff Mennen
                                    TMF Investments, Inc.
                                    25B Hanover Road
                                    Florham Park, NJ 07932

                                    Wilmington Trust Co. & George Jeff Mennen,
                                    Co-Trustees U/A
                                    Dated 11/25/70 with Geroge S. Mennen for
                                    John Henry Mennen
                                    Rodney Square North
                                    1100 North Market Street
                                    Wilmington, DE 19890-0001

or to such other  address as any of them,  by notice to the others may designate
from time to time.  The  transmission  confirmation  receipt  from the  sender's
facsimile machine shall be evidence of successful facsimile delivery. Time shall
be  counted  to,  or from,  as the case may be,  the  delivery  in  person or by
mailing.

         20.  Attorney's  Fees.  In the event that there is any  controversy  or
claim arising out of or relating to these  Warrants,  or to the  interpretation,
breach or  enforcement  thereof,  and any  action  or  proceeding  including  an
arbitration proceeding is commenced to enforce the provisions of these Warrants,
the  prevailing  party shall be entitled to an award by the court of  reasonable
attorney's fees, costs and expenses.

         21.  Governing Law. These  Warrants and any dispute,  disagreement,  or
issue of construction or  interpretation  arising  hereunder whether relating to
its execution,  its validity,  the  obligations  provided  herein or performance
shall be governed or interpreted  according to the internal laws of the State of
Delaware without regard to choice of law considerations.

         22. Section or Paragraph  Headings.  Section  headings herein have been
inserted  for  reference  only and shall  not be  deemed  to limit or  otherwise
affect,  in any matter, or be deemed to interpret in whole or in part any of the
terms or provisions of these Warrants.

Dated: August__, 2000                       GLOBAL TECHNOVATIONS, INC.

                                            By:
                                                 William C. Willis, Jr.
                                                 President and Chief
                                                 Executive Officer

<PAGE>

                                 ASSIGNMENT FORM

              (To be executed only upon the assignment of Warrants)

         FOR VALUE  RECEIVED  the  undersigned  registered  holder of the within
Warrants hereby sells, assigns and transfers unto ______________,  whose address
is  ____________________________  all of the rights of the undersigned under the
within  Warrants,   with  respect  to  ______________  Common  Stock  of  Global
Technovations,  Inc.  and,  if such  Common  Stock do not include all the Common
Stock issuable as provided in the Warrants,  that new Warrants of like tenor for
the number of Common Stock not being transferred hereunder be issued in the name
of and delivered to the undersigned,  and does hereby irrevocably constitute and
appoint  ______________  Attorney  to  register  such  transfer  on the books of
______________  maintained for the purpose,  with full power of  substitution in
the premises.

Dated: ______________, ______.

(Signature must conform in all respects to name of holder as specified
on the face of the Warrants)

Signature Guaranteed

Address:

<PAGE>

                              FORM OF SUBSCRIPTION

                  (To be signed only upon exercise of Warrants)

To:___________________________

         The undersigned,  the holder of the within Warrants, hereby irrevocably
elects to exercise the purchase  right  represented by such Warrants for, and to
purchase thereunder,  ______________ Common Stock of Global Technovations, Inc.,
and herewith makes payment of  $______________  therefor,  and requests that the
certificates for such shares be issued in the name of, and delivered to, , whose
address is . If the Common Stock being  purchased  hereby do not include all the
Common  Stock  issuable as provided in the  Warrants,  that new Warrants for the
number of Common  Stock not being  purchased  hereunder be issued in the name of
and delivered to the undersigned.

Dated: ______________, ______.

(Signature must conform in all respects to name of holder as specified
on the face of the Warrants)

Signature Guaranteed

Address:

<PAGE>

                                    EXHIBIT A

                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement") is entered into as
of the ___ day of  August,  2000 by and  among  Global  Technovations,  Inc.,  a
Delaware  corporation (the  "Company"),  and Wilmington Trust Company and George
Jeff Mennen  Co-Trustees U/A dated 11/25/70 with George S. Mennen FBO John Henry
Mennen (the "Investor").

         WHEREAS,  the Company has issued to the Investor,  warrants to purchase
shares of common stock dated as of the date hereof (the "warrants"); and

         WHEREAS,  the Company has agreed to provide certain registration rights
to the Investor in  connection  with the shares of Common Stock  issuable to the
Investor pursuant to exercise of the Warrants;

         Therefore, the parties hereto hereby agree as follows:

         1.       Definitions.  Unless the context  otherwise  requires,  the
terms  defined in this  Section 1 shall have the meanings herein  specified for
all  purposes of this  Agreement,  applicable  to both the  singular and plural
forms of any of the terms herein
defined.

         "Agreement" means this Registration  Rights Agreement,  as the same may
be amended, modified or supplemented in accordance with the terms hereof.

         "Board" means the Board of Directors of the Company.

         "Common  Stock" means the Common Stock,  $.001 par value per share,  of
the Company.

         "Commission" means the Securities and Exchange Commission.

         "Company" has the meaning assigned to it in the introductory  paragraph
of this Agreement.

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

         "Excluded  Forms" has the meaning  assigned to it in Section 2c of this
Agreement.

         "Investor" has the meaning assigned to it in the introductory paragraph
of this Agreement.

         "Other  Shares"  has the  meaning  assigned to it in Section 4f of this
Agreement.

         "Person" includes any natural person, corporation,  trust, association,
company, partnership,  joint venture, limited liability company and other entity
and  any  government,   governmental   agency,   instrumentality   or  political
subdivision.

         "Proposed  Registration" has the meaning assigned to it in Section 4 of
this Agreement.

         The  terms  "register"  "registered"  and  "registration"  refer  to  a
registration effected by preparing and filing a registration  statement on other
than any of the Excluded Forms in compliance  with the  Securities  Act, and the
declaration or ordering of the effectiveness of such registration statement.

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

         "Warrants"  mean the warrants  referred to on the first WHEREAS  clause
hereof.

         2.       Required Registration.

                  a. At any time,  the holders of Common  Stock may from time to
time request (the "Request") that the Company register under the Securities Act,
all or any portion of the shares of Common Stock held by such requesting  holder
or holders for sale in the manner specified in such notice. The Company shall be
obligated  to file a  registration  statement  with respect to such Common Stock
registered pursuant to this Section 2 within 45 days of such Request.

                  b. Following  receipt of any Request under this Section 2, the
Company  shall use its best efforts to register  under the  Securities  Act, for
public  sale in  accordance  with the method of  disposition  specified  in such
Request,  the number of shares  specified in such Request (and in all subsequent
notices  received by the  Company  from other  holders of shares  within 30 days
after the giving of such notice by the Company).  If the holders  initiating the
Request hereunder intend to distribute the Common Stock covered by their Request
by means of an  underwriting,  the underwriter will be selected by a majority in
interest of the holders so requesting and shall be reasonably  acceptable to the
Company.

                  c.  The   Company   shall  be   entitled  to  include  in  any
registration  statement referred to in this Section 2, shares of Common Stock to
be sold by the Company for its own account, except as and to the extent that, in
the opinion of the managing  underwriter (if such method of disposition shall be
an underwritten  public  offering),  such inclusion  would adversely  affect the
marketing of the shares to be sold for the Investor.

                  d. provided,  however,  that shares of Common Stock shall only
be  registrable  pursuant to this Agreement if and so long as they have not been
(i)  sold  to  or  through  a  broker  or  dealer  or  underwriter  in a  public
distribution or a public securities  transaction,  or (ii) sold in a transaction
exempt  from  the  registration  and  prospectus  delivery  requirements  of the
Securities  Act under Section 41 thereof so that all transfer  restrictions  and
restrictive legends with respect to such shares of Common Stock are removed upon
the  consummation  of such sale and the seller and  purchaser  of such shares of
Common Stock shall have  received an opinion of counsel for the  Company,  which
shall be in form and content reasonably satisfactory to the seller and buyer and
their respective  counsel, to the effect that such shares of Common Stock in the
hands  of  the  purchaser  are  freely   transferable   without  restriction  or
registration under the Securities Act in any public or private transaction.

         3.       Piggyback Registration.

                  a. Each  time  that the  Company  proposes  for any  reason to
register any of its Common Stock under the Securities Act in connection with the
proposed  offer and sale of its  Common  Stock  for  money,  either  for its own
account or on behalf of any other  security  holder  ("Proposed  Registration"),
other than pursuant to a registration  statement on Excluded Forms,  the Company
shall promptly give written notice of such Proposed Registration to the Investor
and shall  offer the  Investor  the right to request  inclusion  of the share of
Common Stock in the Proposed Registration.

                  b. The  Investor  shall have 30 days from the  receipt of such
notice to  deliver to the  Company a written  request  specifying  the number of
share of Common Stock such holder  intends to sell in the Proposed  Registration
and the holder's intended method of disposition.

                  c. In the event that the Proposed  Registration by the Company
is, in whole or in part, an underwritten  public offering,  the Company shall so
advise the Investor as part of the written  notice given pursuant to Section 4a,
and any request under Section 4b must specify that the shares be included in the
underwriting  on the same terms and conditions as the shares of Common Stock, if
any, otherwise being sold through underwriters under such registration.

                  d. Upon receipt of a written  request  pursuant to Section 4b,
the  Company  shall  promptly  use its best  efforts to cause all such shares of
Common Stock held by the Investor to be registered under the Securities Act (and
included in any related qualifications under blue sky laws or other compliance),
to the  extent  required  to  permit  sale or  disposition  as set  forth in the
Proposed Registration.

                  e. In the event  that the  offering  is to be an  underwritten
offering,  all holders of Shares  proposing to distribute their shares of Common
Stock through such  underwritten  offering  agree to enter into an  underwriting
agreement with the underwriter or underwriters selected for such underwriting by
the Company.

                  f.  Notwithstanding  the  foregoing,  if  in  its  good  faith
judgment,  the Company or managing underwriter determines and advises in writing
that the  inclusion  of shares of Common  Stock  proposed  to be included in the
underwritten  public  offering,  together with any other issued and  outstanding
shares of Common Stock proposed to be included therein by holders other than the
Investor (such other shares hereinafter  collectively  referred to as the "Other
Shares"), would interfere with the successful marketing of such securities, then
the number of such shares to be included in such  underwritten  public  offering
shall be reduced  first,  (i) by the shares  requested  to be  included  in such
registration by the holders of Other Shares, on a pro rata basis, based upon the
number of Other Shares sought to be registered by each holder,  and, second (ii)
from the  number of  shares of Common  Stock  then  owned by the  Investor.  The
foregoing  shall  not  apply  to the sale of  Common  Stock  by the  Company  or
registration rights previously granted by the Company.

         4.       Preparation  and Filing.  If and whenever the Company is under
an  obligation pursuant to this Agreement to use its best efforts to effect the
registration of any Common Stock, the Company shall, as expeditiously as
practicable:

                  a.       prepare and file with the  Commission a registration
statement with respect to such securities and use its best efforts to cause such
registration statement to become and remain effective in accordance with Section
5b hereof;

                  b. prepare and file with the  Commission  such  amendments and
supplements to such registration statement and the prospectus used in connection
therewith  as may be  necessary to keep such  registration  statement  effective
until the earlier of (i) the sale of all Common  Stock  covered  thereby or (ii)
the  expiration  of 12  months  from  the  effective  date  of the  registration
statement,  and to comply with the provisions of the Securities Act with respect
to the sale or other  disposition  of all shares of Common Stock covered by such
registration statement;

                  c.  furnish  to the  Investors,  such  number of copies of any
summary prospectus or other prospectus,  including a preliminary prospectus,  in
conformity with the requirements of the Securities Act, and such other documents
as such holder may reasonably  request in order to facilitate the public sale or
other disposition of such shares of Common Stock;

                  d. use its best  efforts to  register or qualify the shares of
Common Stock covered by such registration statement under the securities or blue
sky laws of such  jurisdictions as the Investor shall reasonably  request within
days prior to the original filing of the  registration  statement and do any and
all other acts or things  which may be  necessary  or  advisable  to enable such
holder to consummate the public sale or other disposition in such  jurisdictions
of such shares of Common Stock; provided, however, that the Company shall not be
required  to consent to general  service  of  process  for all  purposes  in any
jurisdiction where it is not then subject to process,  qualify to do business as
a foreign  corporation  where it would not be  otherwise  required to qualify or
submit to  liability  for state or local  taxes  where it is not liable for such
taxes;

                  e. at any time when a prospectus  relating  thereto covered by
such registration statement is required to be delivered under the Securities Act
within the  appropriate  period  mentioned  in  Section  5b  hereof,  notify the
Investor  of the  happening  of any event as a result  of which  the  prospectus
included in such registration,  as then in effect,  includes an untrue statement
of a  material  fact or omits to state a  material  fact  required  to be stated
therein or necessary to make the  statements  therein not misleading in light of
the circumstances  then existing and, at the request of such holder, as promptly
as practicable  prepare,  file and furnish to such holder a reasonable number of
copies of a supplement to or an amendment of such prospectus as may be necessary
so  that,  as  thereafter  delivered  to the  purchasers  of such  shares,  such
prospectus  shall not include 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 in light of the circumstances then existing;

                  f.  if  the  Company  has  delivered   preliminary   or  final
prospectuses  to the Investor and after having done so the prospectus is amended
to comply  with the  requirements  of the  Securities  Act,  the  Company  shall
promptly notify the Investor and, if requested,  the Investor shall  immediately
cease making offers of shares of Common Stock and return all prospectuses to the
Company.   The  Company  shall  promptly   provide  the  Investor  with  revised
prospectuses and,  following receipt of the revised  prospectuses,  the Investor
shall be free to resume making offers of the shares of Common Stock; and

                  g.  furnish,  at the request of the  Investor on the date that
such  shares  of Common  Stock are  delivered  to the  underwriters  for sale in
connection with a registration  pursuant to this  Agreement,  if such securities
are being sold through  underwriters,  or, if such securities are not being sold
through underwriters,  on the date that the registration  statement with respect
to such securities becomes effective,  (i) an opinion, dated as of such date, of
the counsel  representing the Company for the purposes of such registration,  in
form and substance as is customarily  given to  underwriters  in an underwritten
public offering and reasonably  satisfactory  to the Investor,  addressed to the
underwriters,  if any, and to the  Investor,  and (ii) a letter dated as of such
date, from the independent  certified public accountants of the Company, in form
and  substance  as  is  customarily   given  by  independent   certified  public
accountants to underwriters  in an  underwritten  public offering and reasonably
satisfactory  to the  Investor,  addressed to the  underwriters,  if any, and if
permitted by applicable accounting standards,  to Investor.  [Will - do you want
to give a comfort letter].

         5. Expenses. The Company shall pay all expenses incurred by the Company
in complying with Sections 2, 3, 4 and 5 of this Agreement,  including,  without
limitation, all registration and filing fees (including all expenses incident to
filing with the NASD  Regulation,  Inc.),  fees and expenses of  complying  with
securities and blue sky laws,  printing expenses,  and fees and disbursements of
the Company's  counsel;  provided,  however,  that all  underwriting  discounts,
selling  commissions  and  counsel  fees of the  Investor  shall  be paid by the
Investor.

         6.       Indemnification.

                  a. In the event of any  registration  of any  shares of Common
Stock under the  Securities  Act pursuant to this  Agreement,  the Company shall
indemnify  and hold harmless the  Investor,  each of such holder's  trustees and
their officers, directors and partners, each underwriter of such shares, if any,
each broker or any other  person,  if any,  who  controls  any of the  foregoing
Persons,  within the meaning of the Securities Act, from and against any losses,
claims, damages or liabilities,  joint or several, to which any of the foregoing
persons may become  subject under the  Securities  Act or otherwise,  insofar as
such losses,  claims,  damages or  liabilities  (or actions in respect  thereof)
arise out of or are based upon an untrue  statement or alleged untrue  statement
of a material  fact  contained in any  registration  statement  under which such
shares of Common Stock were registered under the Securities Act, any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereto, or any document incident to registration or qualification of any shares
of Common Stock pursuant to Section 5d hereof, 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 or,
with respect to any  prospectus,  necessary to make the statements  therein,  in
light of the  circumstances  under which they were made, not misleading,  or any
violation  by the Company of the  Securities  Act,  the  Exchange  Act, or state
securities or blue sky laws  applicable to the Company and relating to action or
inaction  required  of the  Company  in  connection  with such  registration  or
qualification  under the  Securities  Act or such state  securities  or blue sky
laws. The Company shall reimburse  (after receipt of appropriate  documentation)
such selling holder, trustee officer, director, partner, underwriter,  broker or
other Person acting on behalf of such selling  holder and each such  controlling
Person for any legal or any other out-of-pocket  expenses reasonably incurred by
any of them in connection with  investigating or defending any such loss, claim,
damage,  liability or action;  provided,  however, that the Company shall 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 or omission or alleged omission made in said  registration  statement,
said preliminary prospectus, said prospectus, or said amendment or supplement or
any document  incident to registration or  qualification of any shares of Common
Stock  pursuant to Section 5d hereof in  reliance  upon and in  conformity  with
written  information  furnished  to the Company by such  selling  holder or such
underwriter  specifically  for use in the  preparation  thereof  or  information
omitted to be furnished by such selling holder.

                  b. Before shares of Common Stock held by the Investor shall be
included in any  registration  pursuant to this  Agreement,  and any underwriter
acting on its behalf  shall have agreed to indemnify  and hold  harmless (in the
same manner and to the same extent as set forth in Section 7a the Company,  each
director of the Company, each officer of the Company who signs such registration
statement  and any Person who  controls  the  Company  within the meaning of the
Securities  Act,  with  respect to any untrue  statement  or omission  from such
registration statement, any preliminary prospectus or final prospectus contained
therein,  or any amendment or supplement  thereto,  if such untrue  statement or
omission was made in reliance  upon and in conformity  with written  information
furnished to the Company  through an  instrument  duly  executed by such selling
holder  or such  underwriter  specifically  for use in the  preparation  of such
registration statement, preliminary prospectus, final prospectus or amendment or
supplement.

                  c. Promptly after receipt by an indemnified party of notice of
the commencement of any action involving a claim referred to in Section 7a or b,
such  indemnified  party will, if a claim in respect  thereof is made against an
indemnifying  party,  give written notice to the latter of the  commencement  of
such action.  In case any such action is brought  against an indemnified  party,
the  indemnifying  party will be  entitled to  participate  in and to assume the
defense thereof, jointly with any other indemnifying party similarly notified to
the  extent  that it may wish,  with  counsel  reasonably  satisfactory  to such
indemnified  party,  and,  after  notice  from  the  indemnifying  party to such
indemnified  party of its  election  so as to assume the  defense  thereof,  the
indemnifying  party  shall  be  responsible  for any  legal  or  other  expenses
subsequently  incurred by the latter in  connection  with the  defense  thereof,
provided,  however,  that,  if  counsel  for any  indemnified  party  shall have
reasonably  concluded that there may be one or more legal defenses  available to
such indemnified party which are different from or additional to those available
to the indemnifying  party, there is an actual or potential conflict of interest
between  the  indemnified  and the  indemnifying  party,  or that such  claim or
litigation involves or could have an effect upon matters beyond the scope of the
indemnity agreement provided in this Section 7, the indemnifying party shall not
have  the  right  to  assume  the  defense  of such  action  on  behalf  of such
indemnified  party, and such indemnifying party shall reimburse such indemnified
party  and any  Person  controlling  such  indemnified  party  for the  fees and
expenses of counsel  retained  by the  indemnified  party  which are  reasonably
related to the  matters  covered by the  indemnity  agreement  provided  in this
Section 7; provided,  however, that in no event shall any indemnification by the
Investor under this Section 7 exceed the net proceeds from the offering received
by the  Investor.  The  indemnified  party shall not make any  settlement of any
claims  indemnified  against  hereunder  without  the  written  consent  of  the
indemnifying party or parties, which consent shall not be unreasonably withheld.
No indemnifying party, in defense of any such claim or litigation, shall, except
with the consent of such indemnified party,  consent to entry of any judgment or
enter into any  settlement  which  does not  include  as an  unconditional  term
thereof the giving by the  claimant or  plaintiff  to such  indemnified  party a
release from all liability in respect to such claim or litigation.

                  d. In order to provide for just and equitable  contribution to
joint  liability  under the Securities Act in any case in which either (i) party
exercising  rights  under  this  Agreement,  makes a claim  for  indemnification
pursuant to this Section 7, but it is judicially  determined  (by the entry of a
final judgment or decree by a court of competent jurisdiction and the expiration
of time to  appeal  or the  denial  of the  last  right  of  appeal)  that  such
indemnification  may not be enforced in such case  notwithstanding the fact that
this Section 7 provides for  indemnification  in such case, or (ii) contribution
under  the  Securities  Act  may  be  required  on the  part  of  any  party  in
circumstances for which  indemnification is provided under this Section 7; then,
in each such case, the Company and the Investor will contribute to the aggregate
losses,  claims,  damages  or  liabilities  to which  they may be  subject as is
appropriate  to reflect the  relative  fault of the Company and the  Investor in
connection  with the  statements  or  omissions  which  resulted in such losses,
claims, damages or liabilities, it being understood that the parties acknowledge
that the  overriding  equitable  consideration  to be given effect in connection
with this  provision  is the  ability of one party or the other to  correct  the
statement  or  omission  which  resulted  in such  losses,  claims,  damages  or
liabilities,  and  that it  would  not be just  and  equitable  if  contribution
pursuant  hereto were to be  determined  by pro rata  allocation or by any other
method of  allocation  which  does not take  into  consideration  the  foregoing
equitable considerations. Notwithstanding the foregoing, no person or entity who
is guilty of fraudulent misrepresentation,  within the meaning of Section 12f of
the Securities Act, shall be entitled to contribution  from any person or entity
who is not guilty of such fraudulent misrepresentation.

                  e.  Notwithstanding  any of the  foregoing,  if, in connection
with an underwritten public offering of the shares of Common Stock, the Company,
the  Investor  and the  underwriters  enter  into an  underwriting  or  purchase
agreement  relating  to  such  offering  which  contains   provisions   covering
indemnification  among the parties,  then the indemnification  provision of this
Section 7 shall be deemed inoperative for purposes of such offering.

         7. Reporting Requirements Under the Exchange Act. The Company agrees to
keep effective its  registration  under the Exchange Act and to file timely such
information,  documents and reports as the  Commission  may require or prescribe
under Section 13 of the Exchange Act. The Company  forthwith upon request agrees
to furnish to the  Investor  (a) a written  statement by the Company that it has
complied with such reporting requirements,  (b) a copy of the most recent annual
or  quarterly  report of the  Company and (c) such other  reports and  documents
filed by the Company with the Commission as such holder may  reasonably  request
in availing itself of an exemption for the sale of share of Common Stock without
registration under the Securities Act. The Company  acknowledges and agrees that
the purposes of the  requirements  contained in this Section 8 are to enable the
Investor to comply with the current public information requirements contained in
Rule 144 under the Securities Act should such holder ever wish to dispose of any
of the securities of the Company acquired by it without  registration  under the
Securities  Act in  reliance  upon  Rule  144 (or any  other  similar  exemptive
provision). In addition, the Company agrees to take such other measures and file
such other  information,  documents  and  reports,  as shall be  required  of it
hereafter by the Commission as a condition to the availability of Rule 144 under
the Securities Act (or any similar exemptive  provision hereafter in effect) and
the use of Form S-3.

         8. Shareholder Information.  The Company may request the Investor as to
which any  registration is to be effected  pursuant to this Agreement to furnish
the Company with such information with respect to it and the distribution of its
share of Common Stock as the Company may from time to time reasonably request in
writing  and as shall be  required  by law or by the  Commission  in  connection
therewith,  and the  Investor  as to which any  registration  is to be  effected
pursuant to this Agreement agrees to furnish the Company with such information.

         9.  "Market  Stand-Off"  Agreement.  The Investor  hereby  agrees that,
except  for a  registration  of the  share  of  Common  Stock  on Form  S-4,  if
applicable,  during the  period of  duration  specified  by the  Company  and an
underwriter of securities of the Company (not to exceed 180 days)  following the
effective  date of a  registration  statement  of the  Company  filed  under the
Securities  Act, it shall not, to the extent  requested  by the Company and such
underwriter,  directly  or  indirectly  sell,  offer to sell,  contract  to sell
(including, without limitation, any short sale), grant any option to purchase or
otherwise transfer or dispose of (other than to donees who agree to be similarly
bound) any  securities  of the Company held by it at any time during such period
except Common Stock included in such registration;  provided,  however, that the
Investor  agrees to such limitation if and only if all officers and directors of
the Company do so.

                  In order to enforce the  foregoing  covenant,  the Company may
impose  stop-transfer  instructions  with  respect to the share of Common  Stock
owned by the  Investor  (and the  shares or  securities  of every  other  Person
subject to the foregoing restriction) until the end of such period.

         10.      Forms. All references in this Agreement to particular forms of
registration statements are intended to include, and shall be deemed to include,
references to all successor forms which are intended to replace, or to apply to
similar  transactions as, the forms herein referenced.

         11.  Termination  of Rights.  The rights of the  Investor  to  register
shares of Common Stock pursuant to this Agreement, and the Company's obligations
to effect such  registration,  (i) shall  terminate  as to all of the  Company's
obligations  hereunder  on the date on which all share of Common Stock have been
registered  under  applicable  federal and state  securities laws, and (ii) with
respect to the  Company's  obligations  pursuant to Section 2 of this  Agreement
only,  shall terminate  after the Company has registered  shares of Common Stock
pursuant to Section 2 on two occasions.

         12.   Granting of Registration Rights.  The Company shall not grant
any future registration  rights superior to those granted hereunder without the
prior written consent of the Investor.

         13.   Severability.  In the event any  parts of this  Agreement are
found to be void, the remaining provisions of this Agreement shall nevertheless
be binding with the same effect as though the void parts were deleted.

         14.   Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same  instrument.  The  execution of this
Agreement  may be by  actual  or facsimile signature.

         15.      Benefit.  This  Agreement  shall be binding upon and inure to
the benefit of the parties hereto and their  legal representatives, successors
and assigns.

         16.  Notices and  Addresses.  All notices,  offers,  acceptance and any
other acts under this Agreement (except payment) shall be in writing,  and shall
be  sufficiently  given if delivered  to the  addressees  in person,  by Federal
Express or similar  receipted  delivery,  by  facsimile  delivery or, if mailed,
postage prepaid, by certified mail, return receipt requested, as follows:

The Company:                     Global Technovations, Inc.
                                 William C. Willis, Jr. President
                                 7108 Fairway Drive, Suite 200
                                 Palm Beach Gardens, FL 33418
                                 Facsimile (561) 691-5220

with a copy to:                  Michael D. Harris, Esq.
                                 Michael Harris, P.A.
                                 1645 Palm Beach Lakes Blvd.
                                 Suite 550
                                 West Palm Beach, FL  33401
                                 Facsimile (561) 478-1817

Trustees:                        Wilmington Trust Company
                                 Rodney Square North
                                 1100 North Market Street
                                 Wilmington, DE 19890-0001

                                 George Jeff Mennen
                                 c/o TMF Investments, Inc.
                                 25B Hanover Road
                                 Florhen Park, NJ 07932

or to such other address as either of them, by notice to the other may designate
from time to time.  Time shall be counted  to, or from,  as the case may be, the
date of delivery.

         17.  Attorney's  Fees.  In the event that there is any  controversy  or
claim arising out of or relating to this  Agreement,  or to the  interpretation,
breach or  enforcement  thereof,  and any  action  or  proceeding  including  an
arbitration proceeding is commenced to enforce the provisions of this Agreement,
the  prevailing  party shall be entitled to an award by the court or arbitrator,
as appropriate,  of reasonable  attorney's  fees,  including the fees on appeal,
costs and expenses.

         18. Oral Evidence.  This  Agreement  constitutes  the entire  Agreement
between the parties and supersedes all prior oral and written agreements between
the parties  hereto with  respect to the subject  matter  hereof.  Neither  this
Agreement  nor any  provision  hereof  may be  changed,  waived,  discharged  or
terminated  orally,  except by a  statement  in  writing  signed by the party or
parties against which enforcement or the change, waiver discharge or termination
is sought.

         19.  Additional Documents.  The parties hereto shall execute such
additional  instruments as may be reasonably required by their counsel in order
to carry out the purpose and intent of this Agreement and to fulfill the obliga-
tions of the parties hereunder.

         20.  Governing  Law. This Agreement and any dispute,  disagreement,  or
issue of construction or  interpretation  arising  hereunder whether relating to
its execution,  its validity,  the  obligations  provided  herein or performance
shall be governed or interpreted  according to the internal laws of the State of
Delaware without regard to choice of law considerations.

         21.  Arbitration.  Any controversy,  dispute or claim arising out of or
relating to this Agreement, or its interpretation,  application, implementation,
breach or  enforcement  which  the  parties  are  unable  to  resolve  by mutual
agreement,  shall be settled by submission  by either party of the  controversy,
claim or dispute to binding  arbitration  in  Wilmington,  Delaware  (unless the
parties agree in writing to a different location), before a single arbitrator in
accordance  with  the  rules of the  American  Arbitration  Association  then in
effect.  In any such  arbitration  proceeding  the parties  agree to provide all
discovery deemed necessary by the arbitrator. The decision and award made by the
arbitrator shall be final,  binding and conclusive on all parties hereto for all
purposes,  and judgment may be entered thereon in any court having  jurisdiction
thereof.

         22. Section or Paragraph  Headings.  Section  headings herein have been
inserted  for  reference  only and shall  not be  deemed  to limit or  otherwise
affect,  in any matter, or be deemed to interpret in whole or in part any of the
terms or provisions of this Agreement.

         23. Force  Majure.  The parties shall each be excused from any delay in
performance  or for  non-performance  of any of the terms and conditions of this
Agreement  caused  by  any  circumstances   beyond  their  respective   control,
including,  but not  limited  to, any Act of God,  fire,  flood,  or  government
regulation,  direction  or request,  or  accident,  labor  dispute,  unavoidable
breakdown, civil unrest or disruption.

         IN  WITNESS  WHEREOF,  each  of the  parties  hereto  has  caused  this
Agreement  to be  executed  personally  or by a duly  authorized  representative
thereof as of the day and year first above written.

                                    THE COMPANY:

________________________            Global Technovations, Inc..

________________________            By:     __________________________
                                            Name:  William C. Willis, Jr.
                                            Title: President

                                    INVESTOR:

________________________            Wilmington Trust Company and
                                    George Jeff Mennen Co-Trustees U/A dated
                                    11/23/70 with George S. Mennen
                                    FBO John Henry Mennen

_______________________             By:    ____________________________

                                    Trustee:

                                    Wilmington Trust Company, Trustee

                                       By: ____________________________

                                       By: ____________________________
                                           George Jeff Mennen, TrusteeFIFTH AMENDMENT

                             Dated as of May 3, 2000

     This FIFTH AMENDMENT (this "Amendment") is among JACK IN THE BOX INC.
(formerly Foodmaker, Inc.), a Delaware corporation (the "Borrower"), the
financial institutions and other entities party to the Credit Agreement referred
to below (the "Lenders"), and BANK OF AMERICA, N.A. (formerly NationsBank, N.A.
(successor to NationsBank of Texas, N.A.)), as L/C Bank (as defined in the
Credit Agreement) and as agent (the "Agent") for the Lenders and the Issuing
Banks thereunder.

                             PRELIMINARY STATEMENTS:

     1. The Borrower, the Lenders, the Arranger, the Documentation Agent and the
Agent have entered into a Credit Agreement dated as of April 1, 1998, as amended
by the First Amendment, dated as of August 24, 1998, the Second Amendment, dated
as of February 27, 1999, the Third Amendment, dated as of September 17, 1999,
and the Fourth Amendment, dated as of December 6, 1999 (as so amended, the
"Credit Agreement"; capitalized terms used and not otherwise defined herein have
the meanings assigned to such terms in the Credit Agreement).

     2. The Borrower has requested that the Lenders (i) amend Section 6.02 of
the Credit Agreement to permit the Borrower to provide short-term financing to
certain franchise purchasers for the acquisition by such purchasers of certain
Jack In The Box franchises and (ii) amend Section 6.02(o) of the Credit
Agreement with respect to the restrictions relating to Qualifying Subsidiaries.

     3. The Required Lenders are, on the terms and conditions stated below,
willing to grant the request of the Borrower.

     NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     SECTION 1. Amendments to Credit Agreement. Effective as of the date hereof
and subject to satisfaction of the conditions precedent set forth in Section 2
hereof, the Credit Agreement is hereby amended as follows:

     (a) Section 6.02 of the Credit Agreement is hereby amended by deleting the
word "and" as it appears immediately following clause (xi) of Section 6.02(f),
by deleting the period as it appears immediately following clause (xii) of
Section 6.02(f) and substituting in lieu thereof the phrase "; and", and by
adding immediately following clause (xii) of Section 6.02(f) the following new
clause (xiii):

     "(xiii) an Investment consisting of secured promissory notes payable by
     certain franchise purchasers to the Borrower on or before July 31, 2000 in
     an aggregate amount for all such notes at any one time outstanding not to
     exceed $17,500,000 in order to finance, in whole or in part, the
     acquisition by such purchasers from the Borrower of thirteen Jack In The
     Box franchises; provided that such promissory notes are paid in full in
     immediately available funds on or before August 31, 2000."

                                       1
<PAGE>

     (b) Section 6.02 of the Credit Agreement is hereby amended by deleting
Section 6.02(o) in its entirety and substituting in lieu thereof the following
new Section 6.02(o):

     "(o) Qualifying Subsidiaries. (i) Permit, or permit any of its Subsidiaries
     to permit, any Qualifying Subsidiary to create, incur, assume or suffer to
     exist, any Lien on or with respect to any of its assets or properties of
     any character (whether now owned or hereafter acquired); (ii) permit, or
     permit any of its Subsidiaries to permit, any Qualifying Subsidiary to
     create, incur, assume or suffer to exist any Debt (other than (x) Debt
     incurred by a Qualifying Subsidiary in the ordinary course of business to
     the state in which such Qualifying Subsidiary is organized in respect of
     franchise taxes and related fees payable by such Qualifying Subsidiary in
     an amount not to exceed $1,000 in the aggregate for any Qualifying
     Subsidiary, and (y) Debt incurred by a Qualifying Subsidiary in the
     ordinary course of business to states that require domestic corporations to
     hold alcohol licenses in respect of license fees payable by such Qualifying
     Subsidiary relating to alcohol licenses held by such Qualifying Subsidiary
     in an aggregate amount not to exceed $15,000 in the aggregate for any
     Qualifying Subsidiary); (iii) sell, lease, or otherwise transfer, or permit
     any of its Subsidiaries to sell, lease or otherwise transfer, any assets or
     property to any Qualifying Subsidiary or grant, or permit any of its
     Subsidiaries to grant, any option or other right to any Qualifying
     Subsidiary to purchase, lease or otherwise acquire any assets or property
     (except a capital contribution by the Borrower to a Qualifying Subsidiary
     in an amount not to exceed $25,000 in the aggregate for any Qualifying
     Subsidiary); (iv) make or hold, or permit any of its Subsidiaries to make
     or hold, any Investment in a Qualifying Subsidiary (except a capital
     contribution by the Borrower to a Qualifying Subsidiary in an amount not to
     exceed $25,000 in the aggregate for any Qualifying Subsidiary); or (v)
     create more than 40 Qualifying Subsidiaries."

     SECTION 2. Conditions to Effectiveness. This Amendment shall not be
effective until each of the following conditions precedent shall have been
satisfied:

     (a) the Agent shall have executed this Amendment and shall have received
counterparts of this Amendment executed by the Borrower and the Required Lenders
and counterparts of the Consent appended hereto (the "Consent") executed by each
of the Guarantors listed therein (such Guarantors, together with the Borrower,
each a "Loan Party" and, collectively, the "Loan Parties"); and

     (b) each of the representations and warranties in Section 3 below shall be
true and correct.

                                       2
<PAGE>

     SECTION 3. Representations and Warranties. The Borrower represents and
warrants as follows:

     (a) Authority. The Borrower and each other Loan Party has the requisite
corporate power and authority to execute and deliver this Amendment and the
Consent, as applicable, and to perform its obligations hereunder and under the
Loan Documents (as amended hereby) to which it is a party. The execution,
delivery and performance by the Borrower of this Amendment and by each other
Loan Party of the Consent, and the performance by each Loan Party of each Loan
Document (as amended hereby) to which it is a party have been duly approved by
all necessary corporate action of such Loan Party and no other corporate
proceedings on the part of such Loan Party are necessary to consummate such
transactions.

     (b) Enforceability. This Amendment has been duly executed and delivered by
the Borrower. The Consent has been duly executed and delivered by each
Guarantor. This Amendment and each Loan Document (as amended hereby) is the
legal, valid and binding obligation of each Loan Party party hereto and thereto,
enforceable against such Loan Party in accordance with its terms, and is in full
force and effect.

     (c) Representations and Warranties. The representations and warranties
contained in each Loan Document (other than any such representations and
warranties that, by their terms, are specifically made as of a date other than
the date hereof) are true and correct on and as of the date hereof as though
made on and as of the date hereof.

     (d) No Default. No event has occurred and is continuing that constitutes a
Default or Event of Default.

     SECTION 4. Reference to and Effect on the Loan Documents. (a) Upon and
after the effectiveness of this Amendment, each reference in the Credit
Agreement to "this Agreement", "hereunder", "hereof" or words of like import
referring to the Credit Agreement, and each reference in the other Loan
Documents to "the Credit Agreement", "thereunder", "thereof" or words of like
import referring to the Credit Agreement, shall mean and be a reference to the
Credit Agreement as amended hereby.

     (b) Except as specifically amended above, the Credit Agreement and the
other Loan Documents are and shall continue to be in full force and effect and
are hereby in all respects ratified and confirmed.

     (c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender, any Issuing Bank, the Arranger, the Documentation Agent or
the Agent under any of the Loan Documents, nor constitute a waiver or amendment
of any provision of any of the Loan Documents.

                                       3
<PAGE>

     SECTION 5. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute but one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment or the
Consent by facsimile shall be effective as delivery of a manually executed
counterpart of this Amendment or such Consent.

     SECTION 6. Governing Law. This Amendment shall be governed by, and
construed in accordance with, the laws of the State of California.

                            [Signature Pages Follow]

                                       4
<PAGE>

                                 FIFTH AMENDMENT

     IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to
be executed by their respective officers thereunto duly authorized, as of the
date first written above.

                                    JACK IN THE BOX INC. (successor to
                                    Foodmaker, Inc.), a Delaware corporation

                                    By:    HAROLD L. SACHS
                                        -------------------------------
                                    Name:  Harold L. Sachs
                                    Title: Vice President and Treasurer

                                    BANK OF AMERICA, N.A. as Agent

                                    By:     RICHARD G. PARKHURST, JR.
                                        ------------------------------
                                    Name:   Richard G. Parkhurst, Jr.
                                    Title:  Managing Director

                                    Lenders
                                    -------
                                    BANK OF AMERICA, N.A.

                                    By:     RICHARD G. PARKHURST, JR.
                                        ------------------------------
                                    Name:   Richard G. Parkhurst, Jr.
                                    Title:  Managing Director

                                    CREDIT LYONNAIS NEW YORK BRANCH

                                    By:     ROBERT J. IVOSEVICH
                                        -------------------------------
                                    Name:   Robert J. Ivosevich
                                    Title:  Senior Vice President

                                    ROYAL BANK OF CANADA

                                    By:
                                        -------------------------------
                                    Name:
                                    Title:

                                    UNION BANK OF CALIFORNIA, N.A.

                                    By:     LINDA WALKER
                                        ------------------------------
                                    Name:   Linda Walker
                                    Title:  Vice President

                                  S-1 thru S-6
<PAGE>

                                    U.S. BANK NATIONAL ASSOCIATION

                                    By:
                                        ------------------------------
                                    Name:
                                    Title:

                                    BANK ONE, TEXAS, N.A.

                                    By:     JOSEPH PERDENZA
                                        ------------------------------
                                    Name:   Joseph Perdenza
                                    Title:  Assistant Vice President

                                    CIBC INC.

                                    By:     STEPHANIE E. DeVANE
                                        ------------------------------
                                    Name:   Stephanie E. DeVane
                                    Title:  Executive Director
                                            CIBC World Markets Corp., As Agent

                                    MORGAN GUARANTY TRUST CO.

                                    By:     DENNIS WILCZEK
                                        ------------------------------
                                    Name:   Dennis Wilczek
                                    Title:  Associate

                                    SANWA BANK CALIFORNIA

                                    By:     LYNN MYERNICK
                                        ------------------------------
                                    Name:   Lynn Myernick
                                    Title:  Assistant Vice President

                                    NATEXIS BANQUE - BFCE

                                    By:     GARY KANIA
                                        ------------------------------
                                    Name:   Gary Kania
                                    Title:  Vice President

                                    By:     FRANK H. MADDEN, JR.
                                        ------------------------------
                                    Name:   Frank H. Madden, Jr.
                                    Title:  Vice President & Group Manager

                                 S-7 thru S-12
<PAGE>

                                FIFTH AMENDMENT

                                     CONSENT

                             Dated as of May 3, 2000

     The undersigned, as Guarantors under the "Guaranty" (as such terms are
defined in and under the Credit Agreement referred to in the foregoing Fifth
Amendment), each hereby consents and agrees to the foregoing Fifth Amendment and
hereby confirms and agrees that the Guaranty is, and shall continue to be, in
full force and effect and is hereby ratified and confirmed in all respects
except that, upon the effectiveness of, and on and after the date of, said Fifth
Amendment, each reference in the Guaranty to the "Credit Agreement",
"thereunder", "thereof" and words of like import referring to the Credit
Agreement, shall mean and be a reference to the Credit Agreement as amended by
said Fifth Amendment.

                          CP DISTRIBUTION CO., a Delaware corporation,
                          CP WHOLESALE CO., a Delaware corporation,
                          and JACK IN THE BOX, INC., a New Jersey corporation

                           By:     LAWRENCE E. SCHAUF
                                ---------------------------------
                           Name:   Lawrence E. Schauf
                           Title:  Executive Vice President and Secretary

                           FOODMAKER INTERNATIONAL FRANCHISING, INC.,
                           a Delaware corporation

                           By:     HAROLD L. SACHS
                                ---------------------------------
                           Name:   Harold L. Sachs
                           Title:  Treasurer

                                        7

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