Document:

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                                  EXHIBIT 4.11

                                REMEDYTEMP, INC.

                                       and

                              [-------------------]

                                  AS DEPOSITARY

                                       and

                         HOLDERS OF DEPOSITARY RECEIPTS

                              --------------------

                                DEPOSIT AGREEMENT

                               -------------------

                                   Dated as of

                               [----------------]

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                                TABLE OF CONTENTS

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ARTICLE I             DEFINITIONS..................................................................  1

ARTICLE II            FORM OF RECEIPTS, DEPOSIT OF STOCK, EXECUTION
                      AND DELIVERY, TRANSFER, SURRENDER AND REDEMPTION
                      AND REPURCHASE OF RECEIPTS...................................................  2

         Section 2.1           Form and Transfer of Receipts.......................................  2

         Section 2.2           Deposit of Stock; Execution and Delivery of Receipts in
                               Respect Thereof.....................................................  4

         Section 2.3           Redemption and Repurchase of Stock..................................  4

         Section 2.4           Register of Transfer of Receipts....................................  6

         Section 2.5           Combination and Split-ups of Receipts...............................  7

         Section 2.6           Surrender of Receipts and Withdrawal of Stock.......................  7

         Section 2.7           Limitations on Execution and Delivery, Transfer, Split-up,
                               Combination and Surrender of Receipts and Withdrawal or
                               Deposit of Stock....................................................  8

         Section 2.8           Lost Receipts, etc..................................................  8

         Section 2.9           Cancellation and Destruction of Surrendered Receipts................  9

         Section 2.10          Conversion..........................................................  9

ARTICLE III           CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS
                      AND THE COMPANY.............................................................. 10

         Section 3.1           Filing Proofs, Certificates and Other Information................... 10

         Section 3.2           Payment of Taxes or Other Governmental Charges...................... 10

         Section 3.3           Withholding......................................................... 11

         Section 3.4           Representations and Warranties as to Stock.......................... 11

ARTICLE IV            THE STOCK, NOTICES........................................................... 11

         Section 4.1           Cash Distributions.................................................. 11

         Section 4.2           Distributions Other Than Cash....................................... 12
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         Section 4.3           Subscription Rights, Preferences or Privileges...................... 12

         Section 4.4           Notice of Dividends, Fixing of Record Date for
                               Holders of Receipts................................................. 13

         Section 4.5           Voting Rights....................................................... 13

         Section 4.6           Changes Affecting Stock and Reclassifications,
                               Recapitalizations, etc.............................................. 14

         Section 4.7           Reports............................................................. 14

         Section 4.8           Lists of Receipt Holders............................................ 14

ARTICLE V             THE DEPOSITARY, THE DEPOSITARY'S AGENTS, THE
                      REGISTRAR AND THE COMPANY.................................................... 14

         Section 5.1           Maintenance of Offices, Agencies, Transfer Books by the
                               Depositary; the Registrar........................................... 14

         Section 5.2           Prevention or Delay in Performance by the Depositary, the
                               Depositary's Agents, the Registrar or the Company................... 15

         Section 5.3           Obligations of the Depositary, the Depositary's Agents, the
                               Registrar and the Company........................................... 16

         Section 5.4           Resignation and Removal of the Depositary, Appointment of
                               Successor Depositary................................................ 17

         Section 5.5           Corporate Notices and Reports....................................... 18

         Section 5.6           Deposit of Stock by the Company..................................... 18

         Section 5.7           Indemnification by the Company...................................... 18

         Section 5.8           Fees, Charges and Expenses.......................................... 18

ARTICLE VI            AMENDMENT AND TERMINATION.................................................... 19

         Section 6.1           Amendment........................................................... 19

         Section 6.2           Termination......................................................... 19

ARTICLE VII           MISCELLANEOUS................................................................ 20

         Section 7.1           Counterparts........................................................ 20

         Section 7.2           Exclusive Benefits of Parties....................................... 20
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         Section 7.3           Invalidity of Provisions............................................ 20

         Section 7.4           Notices............................................................. 20

         Section 7.5           Depositary's Agents................................................. 21

         Section 7.6           Holders of Receipts Are Parties..................................... 21

         Section 7.7           Governing Law....................................................... 21

         Section 7.8           Headings............................................................ 21
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                                DEPOSIT AGREEMENT

         DEPOSIT AGREEMENT, dated as of [___________________] among REMEDYTEMP,
INC., a California corporation, [_______________], a [_______] under the laws of
the State of [__________________], as Depositary, and all holders from time to
time of Receipts issued hereunder.

                              W I T N E S S E T H:

         WHEREAS, the Company desires to provide as hereinafter set forth in
this Deposit Agreement, for the deposit of shares of the Stock with the
Depositary, as agent for the holders of the Receipts evidencing Depositary
Shares representing an interest in the Stock so deposited, for the purposes set
forth in this Deposit Agreement and for the issuance hereunder of such Receipts;
and

         WHEREAS, the Receipts are to be substantially in the form annexed as
Exhibit A to this Deposit Agreement, with appropriate insertions, modifications
and omissions to reflect the terms of any Certificate of Determination and
otherwise, as hereinafter provided in this Deposit Agreement.

         NOW, THEREFORE, in consideration of the premises contained herein, it
is agreed by and among the parties hereto as follows:

                                    ARTICLE I
                                   DEFINITIONS

         The following definitions shall apply to the respective terms (in the
singular and plural forms of such terms) used in this Deposit Agreement and the
Receipts:

         "ARTICLES OF INCORPORATION" shall mean the Amended and Restated
Articles of Incorporation, as amended or as amended and restated from time to
time, of the Company.

         "CERTIFICATE OF DETERMINATION" shall mean the Certificate of
Determination establishing and setting forth the rights, preferences,
privileges, limitations and restrictions of the Stock, as filed with the
Secretary of State of the State of California.

         "COMPANY" shall mean RemedyTemp, Inc., a California corporation, and
its successors.

         "CORPORATE OFFICE" shall mean the office of the Depositary in
[_______________], at which at any particular time its business in respect of
matters governed by this Deposit Agreement shall be administered, which at the
date of this Deposit Agreement is located at [_________] .

         "DEPOSIT AGREEMENT" shall mean this agreement, as the same may be
amended, modified or supplemented from time to time to reflect the terms of any
Certificate of Determination or otherwise in accordance with the provisions
hereof.

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         "DEPOSITARY" shall mean [______________], as Depositary hereunder, and
any successor as Depositary hereunder.

         "DEPOSITARY SHARE" shall mean the rights evidenced by the Receipts
executed and delivered hereunder, including the interests in Stock granted to
holders of Receipts pursuant to the terms and conditions of the Deposit
Agreement. Each Depositary Share shall represent an interest in [_____________]
of one share of Stock deposited with the Depositary hereunder and the same
proportionate interest in any and all other property received by the Depositary
in respect of such share of Stock and held under this Deposit Agreement. Subject
to the terms of this Deposit Agreement, each record holder of a Receipt
evidencing a Depositary Share or Shares is entitled, proportionately, to all the
rights, preferences and privileges, and subject to all the qualifications and
restrictions, of the Stock represented by such Depositary Share or Shares,
including any dividend, voting, conversion, redemption, liquidation and sinking
fund rights contained in the Certificate of Determination, and to the benefits
of all obligations and duties of the Company in respect of the Stock under the
Certificate of Determination and the Articles of Incorporation.

         "DEPOSITARY'S AGENT" shall mean an agent appointed by the Depositary as
provided, and for the purposes specified, in Section 7.5.

         "RECEIPT" shall mean a Depositary Receipt executed and delivered
hereunder, in substantially the form of Exhibit A hereto, evidencing a
Depositary Share or Shares, as the same may be amended from time to time to
reflect the terms of any Certificate of Determination or otherwise in accordance
with the provisions hereof.

         "RECORD HOLDER" or "HOLDER" as applied to a Receipt shall mean the
person in whose name a Receipt is registered on the books maintained by or on
behalf of the Depositary for such purpose.

         "REGISTRAR" shall mean any company appointed to register ownership and
transfers of Receipts as herein provided.

         "SECURITIES ACT" shall mean the Securities Act of 1933, as amended.

         "STOCK" shall mean shares of the Company's [_______]Preferred Stock,
Series [_______], par value $0. 01 per share.

                                   ARTICLE II
           FORM OF RECEIPTS, DEPOSIT OF STOCK, EXECUTION AND DELIVERY,
          TRANSFER, SURRENDER AND REDEMPTION AND REPURCHASE OF RECEIPTS

SECTION 2.1 FORM AND TRANSFER OF RECEIPTS.

         Receipts shall be engraved or printed or lithographed unless they are
evidenced by a global receipt held by a depositary for a clearing system and
shall be substantially in the form set forth in Exhibit A annexed to this
Deposit Agreement, with appropriate insertions, modifications and omissions to
reflect the terms of any Certificate of Determination or otherwise, as
hereinafter provided. Receipts shall be executed by the Depositary by the manual
signature of a duly

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authorized officer of the Depositary; provided, however, that such signature may
be a facsimile if a Registrar (other than the Depositary) shall have
countersigned the Receipts by manual signature of a duly authorized officer of
the Registrar. Pending the preparation of definitive Receipts, the Depositary,
upon the written order of the Company delivered in accordance with Section 2.2,
shall execute and deliver temporary Receipts which shall be printed,
lithographed, typewritten, or otherwise reproduced substantially of the tenor of
the definitive Receipts in lieu of which they are issued and with appropriate
insertions, modifications, omissions, substitutions and other variations as the
persons executing such Receipts may determine are necessary for such temporary
Receipts, as evidenced by their execution of such temporary Receipts. If
temporary Receipts are issued, the Company and the Depositary will cause
definitive Receipts to be prepared without unreasonable delay; provided that if
such temporary Receipts are global Receipts held by a depositary for a clearing
system, definitive Receipts need not be prepared until the Receipts cease to be
so held. After the preparation of definitive Receipts, the temporary Receipts
shall be exchangeable for definitive Receipts upon surrender of the temporary
Receipts at the Corporate Office or such other office as the Depositary may
designate, without charge to the holder. Upon surrender for cancellation of any
one or more temporary Receipts, the Depositary shall execute and deliver in
exchange therefor definitive Receipts representing the same number of Depositary
Shares as represented by the surrendered temporary Receipt or Receipts. Such
exchange shall be made at the Company's expense and without any charge therefor.
Until so exchanged, the temporary Receipts shall in all respects be entitled to
the same benefits under this Deposit Agreement, and with respect to the Stock,
as definitive Receipts.

         No Receipt shall be entitled to any benefits under this Deposit
Agreement or be valid or obligatory for any purpose unless it shall have been
executed as provided in the preceding paragraph.

         The Depositary shall record on its books each Receipt executed as
provided above and delivered as hereinafter provided. Receipts bearing the
facsimile signature of anyone who was at any time a duly authorized officer of
the Depositary shall bind the Depositary, notwithstanding that such officer has
ceased to hold such office prior to the delivery of such Receipts.

         Receipts may be issued in denominations of any number of whole
Depositary Shares. All Receipts shall be dated the date of their execution.

         Receipts may be endorsed with or have incorporated in the text thereof
such legends or recitals or changes not inconsistent with the provisions of this
Deposit Agreement as may be required by the Depositary or required to comply
with any applicable law or regulation or with the rules and regulations of any
securities exchange upon which the Stock or the Depositary Shares may be listed
or to conform with any usage with respect thereto, or to indicate any special
limitations or restrictions to which any particular Receipts are subject by
reason of the date of issuance of the Stock or otherwise.

         Title to any Receipt (and to the Depositary Shares evidenced by such
Receipt) that is properly endorsed or accompanied by a properly executed
instrument of transfer shall be transferable by delivery with the same effect as
in the case of investment securities in general; provided, however, that the
Depositary may, notwithstanding any notice to the contrary, treat the record
holder thereof at such time as the absolute owner thereof for the purpose of
determining

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the person entitled to distributions of dividends or other distributions or to
any notice provided for in this Deposit Agreement and for all other purposes.

SECTION 2.2 DEPOSIT OF STOCK; EXECUTION AND DELIVERY OF RECEIPTS IN RESPECT
            THEREOF.

         Subject to the terms and conditions of this Deposit Agreement, the
Company or any holder of Stock may deposit such Stock under this Deposit
Agreement by delivery to the Depositary of a certificate or certificates for the
Stock to be deposited, properly endorsed or accompanied, if required by the
Depositary, by a properly executed instrument of transfer in form satisfactory
to the Depositary, together with (i) all such certifications as may be required
by the Depositary in accordance with the provisions of this Deposit Agreement
and (ii) a written order of the Company or such holder, as the case may be,
directing the Depositary to execute and deliver to or upon the written order of
the person or persons stated in such order a Receipt or Receipts for the number
of Depositary Shares representing such deposited Stock.

         Upon receipt by the Depositary of a certificate or certificates for
Stock to be deposited hereunder, together with the other documents specified
above, the Depositary shall, as soon as transfer and registration can be
accomplished, present such certificate or certificates to the registrar and
transfer agent of the Stock for transfer and registration in the name of the
Depositary or its nominee of the Stock being deposited. Deposited Stock shall be
held by the Depositary in an account to be established by the Depositary at the
Corporate Office.

         Upon receipt by the Depositary of a certificate or certificates for
Stock to be deposited hereunder, together with the other documents specified
above, the Depositary, subject to the terms and conditions of this Deposit
Agreement, shall execute and deliver, to or upon the order of the person or
persons named in the written order delivered to the Depositary referred to in
the first paragraph of this Section 2.2, a Receipt or Receipts for the number of
whole Depositary Shares representing the Stock so deposited and registered in
such name or names as may be requested by such person or persons. The Depositary
shall execute and deliver such Receipt or Receipts at the Corporate Office,
except that, at the request, risk and expense of any person requesting such
delivery and for such person's account or, upon the order of such person, any
other person's account, such delivery may be made at such other place as may be
designated by such person. In each case, delivery will be made only upon payment
to the Depositary of all taxes and other governmental charges and any fees
payable in connection with such deposit and the transfer of the deposited Stock.

         The Company shall deliver to the Depositary from time to time such
quantities of Receipts as the Depositary may request to enable the Depositary to
perform its obligations under this Deposit Agreement.

SECTION 2.3 REDEMPTION AND REPURCHASE OF STOCK.

         Whenever the Company shall redeem shares of Stock in accordance with a
Certificate of Determination, it shall (unless otherwise agreed in writing with
the Depositary) give the Depositary in its capacity as Depositary not less than
3 business days' prior notice of the proposed date of the mailing of a notice of
redemption of Stock and the simultaneous redemption

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of the Depositary Shares representing the Stock to be redeemed and of the number
of such shares of Stock held by the Depositary to be redeemed. Unless the
Certificate of Determination for a specific series of Stock provides for a
different notice period with respect to that Stock in the event of its
redemption, the Depositary shall, as directed by the Company in writing, mail,
first class postage prepaid, notice of the redemption of Stock and the proposed
simultaneous redemption of the Depositary Shares representing the Stock to be
redeemed not less than 30 and not more than 60 days prior to the date fixed for
redemption of such Stock and Depositary Shares, to the record holders of the
Receipts evidencing the Depositary Shares to be so redeemed at the addresses of
such holders as the same appear on the records of the Depositary or any
Depositary's Agent or Registrar. Notwithstanding the foregoing, neither failure
to mail or publish any such notice to one or more such holders nor any defect in
any notice shall affect the sufficiency of the proceedings for redemption. The
Company shall provide the Depositary with such notice, and each such notice
shall state the method for determining the amount payable per Depositary Share,
the redemption date, and the number of Depositary Shares to be redeemed, and
such notice shall call upon each holder of Depositary Shares to surrender, on
the redemption date and at the place or places designated by the Company, the
Receipts evidencing Depositary Shares to be redeemed. On the date of any such
redemption the Depositary shall surrender the certificate or certificates held
by the Depositary evidencing the number of shares of Stock to be redeemed in the
manner specified in the notice of redemption of Stock provided by the Company
pursuant to the applicable Certificate of Determination. The Depositary shall,
thereafter, redeem the number of Depositary Shares representing such redeemed
Stock upon the surrender of Receipts evidencing such Depositary Shares in the
manner provided in the notice sent to record holders of Receipts.

         Notice having been mailed by the Depositary as aforesaid, from and
after the redemption date (unless the Company shall have failed to redeem the
shares of Stock to be redeemed by it upon the surrender of the certificate or
certificates therefor by the Depositary as described in the preceding
paragraph), the Depositary Shares called for redemption shall be deemed no
longer to be outstanding and all rights of the holders of Receipts evidencing
such Depositary Shares (except the right to receive the cash, securities or
other property payable upon redemption upon surrender of such Receipts) shall,
to the extent of such Depositary Shares, cease and terminate. The foregoing
shall be subject further to the terms and conditions of the applicable
Certificate of Determination.

         If fewer than all the Depositary Shares are to be redeemed, the
Depositary Shares to be redeemed will be selected by lot or proportionately, as
may be determined by the Depositary. If fewer than all of the Depositary Shares
evidenced by a Receipt are called for redemption, the Depositary will deliver to
the holder of such Receipt upon its surrender to the Depositary, cash,
securities or other property payable upon redemption in respect of the
Depositary Shares called for redemption and a new Receipt evidencing the
Depositary Shares evidenced by such prior Receipt and not called for redemption.

         The Depositary shall not be required to transfer or exchange for
another Receipt any Receipt evidencing Depositary Shares called or being called
for redemption, in whole or in part except as provided in the immediately
preceding paragraph of this Section 2.3.

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         Whenever the Company shall be required to make an offer to repurchase
Depositary Shares representing Stock in accordance with a Certificate of
Determination, it shall (unless otherwise agreed in writing with the Depositary)
give the Depositary in its capacity as Depositary not less than 3 business days'
prior notice of the required date of the mailing of a notice of the repurchase
offer. The Depositary shall, as directed by the Company in writing, mail, first
class postage prepaid, notice of the relevant terms of the repurchase offer, as
provided by the Company, to the record holders of the Receipts at the addresses
of such holders as the same appear on the records of the Depositary or any
Depositary's Agent or Registrar, including: (i) that such notice is being given
pursuant to a repurchase offer, (ii) the number of Depositary Shares and Stock
for which the offer is being made, (iii) the method for determining the amount
payable per Depositary Share, (iv) the last date, which, unless the Certificate
of Determination for a specific series of Stock provides for a different period
with respect to that Stock in the event that the Company is required to make an
offer to repurchase it, shall not be less than 30 nor more than 60 days after
the date of such notice, by which a holder must elect to accept the repurchase
offer, (v) the procedures that such holder must follow to exercise its rights,
and (vi) the procedures for withdrawing an election.

         The Depositary shall, thereafter, receive from each holder electing to
have Depositary Shares repurchased pursuant to the repurchase offer in
accordance with the instructions in the notice, the holder's Receipts, with an
appropriate form duly completed prior to the repurchase date. Holders will be
entitled to withdraw an election by a written notice of withdrawal delivered to
the Depositary prior to the close of business on the repurchase date. The notice
of withdrawal shall state the number of Depositary Shares and the Receipt
numbers to which the notice of withdrawal relates and the number of Depositary
Shares and Receipt numbers, if any, which remain subject to election. In case
the aggregate number of Depositary Shares offered for repurchase by the holders
exceeds the amount of Depositary Shares which the Company has offered to
repurchase pursuant to the repurchase offer, the Depositary Shares to be
repurchased shall be selected by the Depositary by lot or proportionately, as
may be determined by the Depositary. The Depositary shall, at the direction of
the Company, cause payment to be mailed or delivered to each tendering holder as
promptly as reasonably practicable after the repurchase date, in the amount of
the repurchase price for the Depositary Shares tendered, and any unpurchased
Depositary Shares to be returned to the holder thereof. The foregoing is subject
further to the terms and conditions of the applicable Certificate of
Determination.

SECTION 2.4 REGISTER OF TRANSFER OF RECEIPTS.

         Subject to the terms and conditions of this Deposit Agreement, the
Depositary shall register on its books from time to time transfers of Receipts
upon any surrender thereof at the Corporate Office, or such other office as the
Depositary may designate for such purpose, by the record holder in person or by
a duly authorized attorney, properly endorsed or accompanied by a properly
executed instrument of transfer, together with evidence of the payment of any
transfer taxes as may be required by law. Upon such surrender, the Depositary
shall execute a new Receipt or Receipts and deliver the same to or upon the
order of the person entitled thereto evidencing the same aggregate number of
Depositary Shares evidenced by the Receipt or Receipts surrendered.

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SECTION 2.5 COMBINATION AND SPLIT-UPS OF RECEIPTS.

         Upon surrender of a Receipt or Receipts at the Corporate Office, or
such other office as the Depositary may designate for the purpose of effecting a
split-up or combination of Receipts, subject to the terms and conditions of this
Deposit Agreement, the Depositary shall execute and deliver a new Receipt or
Receipts in the authorized denominations requested evidencing the same aggregate
number of Depositary Shares evidenced by the Receipt or Receipts surrendered;
provided, however, that the Depositary shall not issue any Receipt evidencing a
fractional Depositary Share.

SECTION 2.6 SURRENDER OF RECEIPTS AND WITHDRAWAL OF STOCK.

         Any holder of a Receipt, including the Company, shall have the right,
upon payment of any amount due to the Depositary with respect to the Receipt, to
withdraw any or all of the Stock (but only in whole shares of Stock) represented
by the Depositary Shares and all money and other property, if any, represented
by such Depositary Shares by surrendering the Receipt or Receipts evidencing
such Depositary Shares at the Corporate Office, or at such other office as the
Depositary may designate for such withdrawals (and cancellation of the
surrendered Receipts as provided in Section 2.9). After such surrender, without
unreasonable delay, the Depositary shall deliver to the holder the whole number
of shares of Stock and all such money and other property, if any, represented by
the Depositary Shares evidenced by the Receipt or Receipts so surrendered for
withdrawal. If the Receipt or Receipts delivered by the holder to the Depositary
in connection with such withdrawal shall evidence a number of Depositary Shares
in excess of the number of whole Depositary Shares representing the whole number
of shares of Stock to be withdrawn, the Depositary shall at the same time, in
addition to such whole number of shares of Stock and such money and other
property, if any, to be withdrawn, deliver to the holder, or (subject to Section
2.4) upon its order, a new Receipt or Receipts evidencing such excess number of
whole Depositary Shares.

         Delivery of the Stock and such money and other property being withdrawn
may be made by the delivery of such certificates, documents of title and other
instruments as the Depositary may deem appropriate, which, if required by the
Depositary, shall be properly endorsed or accompanied by proper instruments of
transfer.

         The Depositary shall deliver the Stock and the money and other
property, if any, represented by the Depositary Shares evidenced by Receipts
surrendered for withdrawal, without unreasonable delay, at the office at which
such Receipts were surrendered, except that, at the request, risk and expense of
the Company such delivery may be made, without unreasonable delay, at such other
place as may be designated by the Company.

         For purposes of determining the number of Depositary Shares outstanding
on any dividend payment date, the Receipts representing Depositary Shares
acquired by the Company on or prior to such dividend payment date and not
theretofore delivered to the Depositary for withdrawal and cancellation shall be
deemed to be outstanding.

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SECTION 2.7 LIMITATIONS ON EXECUTION AND DELIVERY, TRANSFER, SPLIT-UP,
            COMBINATION AND SURRENDER OF RECEIPTS AND WITHDRAWAL OR DEPOSIT OF
            STOCK.

         As a condition precedent to the execution and delivery, registration of
transfer, split-up, combination, or surrender of any Receipt, the delivery of
any distribution thereon or withdrawal or deposit of Stock, or the exercise of
any conversion right referred to in Section 2.10, the Depositary, any of the
Depositary's Agents, the Registrar or the Company may require any or all of the
following: (i) payment to it of a sum sufficient for the payment (or, in the
event that the Depositary or the Company shall have made such payment, the
reimbursement to it) of any tax or other governmental charge or fee with respect
thereto (including any such tax or charge or fee with respect to the Stock being
deposited or the Stock being withdrawn or with respect to property of the
Company being issued upon redemption or conversion); (ii) production of proof
satisfactory to it as to the identity and genuineness of any signature; and
(iii) compliance with such reasonable regulations, if any, as the Depositary or
the Company may establish not inconsistent with the provisions of this Deposit
Agreement.

         The deposit of Stock may be refused, or the registration of transfer,
split-up, combination or surrender of outstanding Receipts and the withdrawal of
deposited Stock or the exercise of any conversion right referred to in Section
2.10 may be suspended (i) during any period when the register of stockholders of
the Company is closed, (ii) if any such action is deemed necessary or advisable
by the Depositary, any of the Depositary's Agents or the Company at any time or
from time to time because of any requirement of law or of any government or
governmental body or commission, or under any provision of this Deposit
Agreement, or (iii) with the approval of the Company, for any other reason.
Without limitation of the foregoing, the Depositary shall not knowingly accept
for deposit under this Deposit Agreement any shares of Stock that are required
to be registered under the Securities Act unless a registration statement under
the Securities Act is in effect as to such shares of Stock.

SECTION 2.8 LOST RECEIPTS, ETC.

         In case any Receipt shall be mutilated or destroyed or lost or stolen,
the Depositary shall execute and deliver a Receipt of like form and tenor in
exchange and substitution for such mutilated Receipt or in lieu of and in
substitution for such destroyed, lost or stolen Receipt unless the Depositary
has notice that such Receipt has been acquired by a bona fide purchaser;
provided, however, that the holder thereof provides the Depositary with (i)
evidence satisfactory to the Depositary of such destruction, loss or theft of
such Receipt, of the authenticity thereof and of his ownership thereof, (ii)
reasonable indemnification satisfactory to the Depositary or the payment of any
charges incurred by the Depositary in obtaining insurance in lieu of such
indemnification and (iii) payment of any expense (including fees, charges and
expenses of the Depositary) in connection with such execution and delivery.

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SECTION 2.9 CANCELLATION AND DESTRUCTION OF SURRENDERED RECEIPTS.

         All Receipts surrendered to the Depositary or any Depositary's Agent
shall be cancelled by the Depositary. Except as prohibited by applicable law or
regulation, the Depositary is authorized to destroy such Receipts so canceled.

SECTION 2.10 CONVERSION.

         In the event that the Stock, in accordance with its Certificate of
Determination, is convertible into the Company's common stock or other
securities, subject to the terms and conditions of this Deposit Agreement, a
holder of a Receipt or Receipts may surrender such Receipt or Receipts at the
Corporate Office or at such other office or to a Depositary's Agent that the
Depositary may designate for such purpose, together with a notice of conversion
duly completed and executed, thereby directing the Depositary or such
Depositary's Agent to instruct the Company to cause the conversion of the number
of shares of Stock specified in such notice of conversion into shares of the
Company's common stock or other securities at the rate specified in the
applicable Certificate of Determination, and an assignment of such Receipt or
Receipts to the Company or in blank, duly completed and executed, along with any
other documents or instruments and any amounts required by the applicable
Certificate of Determination.

         Upon receipt by the Depositary or a Depositary's Agent of a Receipt or
Receipts, together with a notice of conversion, duly completed and executed,
directing the Depositary or such Depositary's Agent to instruct the Company to
cause the conversion of a specified number of shares of Stock at the rate
specified in the applicable Certificate of Determination, and an assignment of
such Receipt or Receipts to the Company or in blank, duly completed and
executed, along with any other documents or instruments or amounts referred to
in the preceding paragraph, the Depositary or such Depositary's Agent shall
instruct the Company, subject to any adjustment provided for in the applicable
Certificate of Determination, (i) to cause the conversion at the rate specified
in the applicable Certificate of Determination of the number of shares of Stock
represented by the Depositary Shares evidenced by the Receipt or Receipts so
surrendered for conversion as specified in the written notice to the Depositary
or such Depositary's Agent and (ii) to cause the delivery to the holder of such
Receipt or Receipts of (a) a certificate or certificates evidencing the number
of whole shares of the Company's common stock or other securities into which
such Stock has been converted, and (b) the amount of cash or other property, if
any, to which such holder is entitled in lieu of fractional shares of, or
fractional interests in, the Company's common stock or other securities
otherwise deliverable by the Company upon such conversion, calculated in
accordance with the applicable Certificate of Determination. The Company shall
as promptly as practicable after receipt thereof cause the delivery of the
certificate or certificates and cash or other property, if any, referred to in
clauses (a) and (b) above, and such conversion shall be deemed to have been
effected immediately prior to the close of business on the date of such receipt
and shall occur at the rate specified in the Certificate of Determination in
effect at such time and on such date. Upon such conversion, the Depositary or
such Depositary's Agent (i) shall deliver to the holder a Receipt evidencing the
number of Depositary Shares evidenced by the surrendered Receipt or Receipts in
excess of the number of Depositary Shares evidenced by such Receipt or Receipts
that have been so converted, (ii) shall cancel the Receipts surrendered for
conversion and (iii) shall deliver to the

                                       9
<PAGE>

Company for cancellation the number of shares of Stock evidenced by the Receipts
so surrendered and so converted. Upon the delivery of the shares of Stock to be
cancelled due to such conversion by the Depositary or such Depositary's Agent to
the Company, the Company shall deliver to the Depositary or such Depositary's
Agent, as applicable, a certificate or certificates evidencing the number of
shares of Stock, if any, that equals the excess of the number of shares
evidenced by the surrendered certificate over the number of shares evidenced by
that certificate that have been so converted. Depositary Shares converted in
connection with conversion of the Stock represented thereby shall only be
converted in whole, and not in part.

         Upon the conversion of any Stock for which a notice of conversion has
been provided to the Depositary or a Depositary's Agent by the holder of the
Receipt or Receipts representing such Stock, the Depositary Shares evidenced by
such Receipt or Receipts shall be deemed no longer outstanding, all rights of
the holder of the Receipt or Receipts evidencing such Depositary Shares (except
the right to receive (i) the Company's common stock or other securities to which
such holder is entitled upon conversion in accordance with the applicable
Certificate of Determination, (ii) any cash or other property payable in
accordance with the applicable Certificate of Determination with respect to any
fractional shares or other fractional interests in the Company's common stock or
other securities otherwise deliverable by the Company upon conversion, (iii) any
Receipts evidencing Depositary Shares representing Stock which was not so
converted and (iv) any other securities, property or cash to which such holder
is entitled under this Deposit Agreement) shall cease and terminate, and the
Receipt or Receipts evidencing such Depositary Shares shall be cancelled.

         No fractional shares or other fractional interests in the Company's
common stock or other securities shall be deliverable by the Company upon
conversion of the Stock represented by the Depositary Shares.

                                   ARTICLE III
           CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

SECTION 3.1 FILING PROOFS, CERTIFICATES AND OTHER INFORMATION.

         Any person presenting Stock for deposit or any holder of a Receipt may
be required from time to time to file such proof of residence or other
information, to execute such certificates and to make such representations and
warranties as the Depositary or the Company may reasonably deem necessary or
proper. The Depositary or the Company may withhold or delay the delivery of any
Receipt, the registration of transfer or redemption of any Receipt, the
withdrawal of the Stock represented by the Depositary Shares evidenced by any
Receipt, the distribution of any dividend or other distribution or the exercise
of any conversion right referred to in Section 2.10, or refuse to accept
Receipts that are delivered for surrender, until such proof or other information
is filed, such certificates are executed or such representations and warranties
are made.

SECTION 3.2 PAYMENT OF TAXES OR OTHER GOVERNMENTAL CHARGES.

         If any tax or other governmental charge or fee shall become payable by
or on behalf of the Depositary with respect to (i) any Receipt, (ii) the
Depositary Shares evidenced by such Receipt, (iii) the Stock (or fractional
interest therein) or other property represented by such

                                       10
<PAGE>

Depositary Shares, or (iv) any transaction referred to in Section 4.6, such tax
(including transfer, issuance or acquisition taxes, if any) or governmental
charge or fee shall be payable by the holder of such Receipt, who shall pay the
amount thereof to the Depositary. Until such payment is made, registration or
transfer of any Receipt or any split-up or combination thereof or any withdrawal
of the Stock or money or other property, if any, represented by the Depositary
Shares evidenced by such Receipt or Receipts delivered for surrender or the
exercise of any conversion right referred to in Section 2.10 may be refused, any
dividend or other distribution may be withheld and any part or all of the Stock
or other property represented by the Depositary Shares evidenced by such Receipt
may be sold for the account of the holder thereof (after attempting by
reasonable means to notify such holder prior to such sale). Any dividend or
other distribution so withheld and the proceeds of any such sale may be applied
to any payment of such tax or other governmental charge or fee, the holder of
such Receipt remaining liable for any deficiency.

SECTION 3.3 WITHHOLDING.

         The Depositary shall act as the tax withholding agent for any payments,
distributions made with respect to the Depositary Shares and Receipts, and the
Stock. The Depositary shall be responsible with respect to the Depositary
Shares, Receipts and Stock for the timely (i) collection and deposit of any
required withholding or backup withholding tax, and (ii) filing of any
information returns or other documents with federal (and other applicable)
taxing authorities.

SECTION 3.4 REPRESENTATIONS AND WARRANTIES AS TO STOCK.

         In the case of the initial deposit of the Stock, the Company and, in
the case of subsequent deposits thereof, each person so depositing Stock under
this Deposit Agreement shall be deemed thereby to represent and warrant that
such Stock and each certificate therefor are valid and that the person making
such deposit is duly authorized to do so. Such representations and warranties
shall survive the deposit of the Stock and the issuance of Receipts therefor.

                                   ARTICLE IV
                               THE STOCK, NOTICES

SECTION 4.1 CASH DISTRIBUTIONS.

         Whenever the Depositary shall receive any cash dividend or other cash
distribution on the Stock (other than cash dividends or cash distributions paid
by the Company in lieu of fractional shares or other fractional interests in the
Company's common stock or other securities otherwise deliverable by the Company
in accordance with the applicable Certificate of Determination), the Depositary
shall, subject to Section 3.2, distribute to record holders of Receipts on the
record date fixed pursuant to Section 4.4 such amounts of such sum as are, as
nearly as practicable, in proportion to the respective numbers of Depositary
Shares evidenced by the Receipts held by such holders; provided, however, that
in case the Company or the Depositary shall be required by law to withhold and
does withhold from any cash dividend or other cash distribution in respect of
the Stock an amount on account of taxes, the amount made available for
distribution or distributed in respect of Depositary Shares shall be reduced
accordingly. The Depositary shall distribute or make available for distribution,
as the case may be, only such amount, however, as can be distributed without
attributing to any holder of Depositary Shares a fraction of one cent

                                       11
<PAGE>

and any balance not so distributable shall be held by the Depositary (without
liability for interest thereon) and shall be added to and be treated as part of
the next sum received by the Depositary for distribution to record holders of
Receipts then outstanding.

SECTION 4.2 DISTRIBUTIONS OTHER THAN CASH.

         Whenever the Depositary shall receive any distribution other than cash,
rights, preferences or privileges upon the Stock, the Depositary shall, subject
to Section 3.2, distribute to record holders of Receipts on the record date
fixed pursuant to Section 4.4 such amounts of the securities or property
received by it as are, as nearly as practicable, in proportion to the respective
numbers of Depositary Shares evidenced by the Receipts held by such holders, in
any manner that the Depositary and the Company may deem equitable and
practicable for accomplishing such distribution. If, in the opinion of the
Company after consultation with the Depositary, such distribution cannot be made
proportionately among such record holders, or if for any other reason (including
any tax withholding or securities law requirement), the Depositary deems, after
consultation with the Company, such distribution not to be feasible, the
Depositary may, with the approval of the Company which approval shall not be
unreasonably withheld, adopt such method as it deems equitable and practicable
for the purpose of effecting such distribution, including the sale (at public or
private sale) of the securities or property thus received, or any part thereof,
at such place or places and upon such terms as it may deem proper. The net
proceeds of any such sale shall, subject to Section 3.2, be distributed or made
available for distribution, as the case may be, by the Depositary to record
holders of Receipts as provided by Section 4.1 in the case of a distribution
received in cash.

SECTION 4.3 SUBSCRIPTION RIGHTS, PREFERENCES OR PRIVILEGES.

         If the Company shall at any time offer or cause to be offered to the
persons in whose names Stock is registered on the books of the Company any
rights, preferences or privileges to subscribe for or to purchase any securities
or any rights, preferences or privileges of any other nature, such rights,
preferences or privileges shall in each such instance be made available by the
Depositary to the record holders of Receipts in such manner as the Company shall
instruct (including by the issue to such record holders of warrants representing
such rights, preferences or privileges); provided, however, that (i) if at the
time of issue or offer of any such rights, preferences or privileges the Company
determines and instructs the Depositary that it is not lawful or feasible to
make such rights, preferences or privileges available to some or all holders of
Receipts (by the issue of warrants or otherwise) or (ii) if and to the extent
instructed by holders of Receipts who do not desire to exercise such rights,
preferences or privileges, the Depositary shall then, in each case, and if
applicable laws or the terms of such rights, preferences or privileges so
permit, sell such rights, preferences or privileges of such holders at public or
private sale, at such place or places and upon such terms as it may deem proper.
The net proceeds of any such sale shall be distributed by the Depositary to the
record holders of Receipts entitled thereto as provided by Section 4.1 in the
case of a distribution received in cash.

         If registration under the Securities Act of the securities to which any
rights, preferences or privileges relate is required in order for holders of
Receipts to be offered or sold such securities, the Company shall promptly file
a registration statement pursuant to the Securities Act with respect to such
rights, preferences or privileges and securities and use its reasonable best

                                       12
<PAGE>

efforts and take all steps reasonably available to it to cause such registration
statement to become effective sufficiently in advance of the expiration of such
rights, preferences or privileges to enable such holders to exercise such
rights, preferences or privileges. In no event shall the Depositary make
available to the holders of Receipts any right, preference or privilege to
subscribe for or to purchase any securities unless and until such registration
statement shall have become effective or unless the offering and sale of such
securities to such holders are exempt from registration under the provisions of
the Securities Act.

         If any other action under the law of any jurisdiction or any
governmental or administrative authorization, consent or permit is required in
order for such rights, preferences or privileges to be made available to holders
of Receipts, the Company agrees with the Depositary that the Company will use
its reasonable best efforts to take such action or obtain such authorization,
consent or permit sufficiently in advance of the expiration of such rights,
preferences or privileges to enable such holders to exercise such rights,
preferences or privileges.

SECTION 4.4 NOTICE OF DIVIDENDS, FIXING OF RECORD DATE FOR HOLDERS OF RECEIPTS.

         Whenever (i) any cash dividend or other cash distribution shall become
payable, or any distribution other than cash shall be made, or any rights,
preferences or privileges shall at any time be offered, with respect to the
Stock, or (ii) the Depositary shall receive notice of any meeting at which
holders of Stock are entitled to vote or of which holders of Stock are entitled
to notice, or (iii) of any mandatory conversion of, or any election on the part
of the Company to call for the redemption or exchange of, any shares of Stock,
in accordance with the provisions of the applicable Certificate of Determination
or otherwise, the Depositary shall in each such instance fix a record date
(which shall be the same date as the record date fixed by the Company with
respect to the Stock) for the determination of the holders of Receipts (x) who
shall be entitled to receive such dividend, distribution, rights, preferences or
privileges or the net proceeds of the sale thereof, or (y) who shall be entitled
to give instructions for the exercise of voting rights at any such meeting or to
receive notice of such meeting or of such conversion, exchange or redemption.

SECTION 4.5 VOTING RIGHTS.

         Upon receipt of notice of any meeting at which the holders of Stock are
entitled to vote, the Depositary shall, as soon as practicable thereafter, mail
to the record holders of Receipts a notice, which shall be provided by the
Company and which shall contain (i) such information as is contained in such
notice of meeting, (ii) a statement that the holders of Receipts at the close of
business on a specified record date fixed pursuant to Section 4.4 will be
entitled, subject to any applicable provision of law, the Articles of
Incorporation or the applicable Certificate of Determination, to instruct the
Depositary as to the exercise of the voting rights pertaining to the Stock
represented by their respective Depositary Shares and (iii) a brief statement as
to the manner in which such instructions may be given. Upon the written request
of a holder of a Receipt on such record date, the Depositary shall endeavor
insofar as practicable to vote or cause to be voted the Stock represented by the
Depositary Shares evidenced by such Receipt in accordance with the instructions
set forth in such request. The Company hereby agrees to take all reasonable
action that may be deemed necessary by the Depositary in order to enable the

                                       13
<PAGE>

Depositary to vote such Stock or cause such Stock to be voted. In the absence of
specific instructions from the holder of a Receipt, the Depositary will abstain
from voting to the extent of the Stock represented by the Depositary Shares
evidenced by such Receipt.

SECTION 4.6 CHANGES AFFECTING STOCK AND RECLASSIFICATIONS, RECAPITALIZATIONS,
            ETC.

         Upon any split-up, consolidation or any other reclassification of
Stock, or upon any recapitalization, reorganization, merger, amalgamation or
consolidation affecting the Company or to which it is a party or sale of all or
substantially all of the Company's assets, the Depositary shall treat any shares
of Stock or other securities or property (including cash) that shall be received
by the Depositary in exchange for or in conversion of or in respect of the Stock
as new deposited property under this Deposit Agreement, and Receipts then
outstanding shall thenceforth represent the proportionate interests of holders
thereof in the new deposited property so received in exchange for or in respect
of such Stock. In any such case the Depositary may, in its discretion, with the
approval of the Company, execute and deliver additional Receipts, or may call
for the surrender of all outstanding Receipts to be exchanged for new Receipts
specifically describing such new deposited property.

SECTION 4.7 REPORTS.

         The Company or, at the option of the Company, the Depositary shall
forward to the holders of Receipts any reports and communications received from
the Company that are received by the Depositary as the holder of Stock.

SECTION 4.8 LISTS OF RECEIPT HOLDERS.

         Promptly upon request from time to time by the Company, the Depositary
shall furnish to it a list, as of a recent date, of the names, addresses and
holdings of Depositary Shares of all persons in whose names Receipts are
registered on the books of the Depositary, any Depositary's Agent or the
Registrar. At the expense of the Company, the Company shall have the right to
inspect transfer and registration records of the Depositary, any Depositary's
Agent or the Registrar, take copies thereof and require the Depositary, any
Depositary's Agent or the Registrar to supply copies of such portions of such
records as the Company may request.

                                    ARTICLE V
             THE DEPOSITARY, THE DEPOSITARY'S AGENTS, THE REGISTRAR
                                 AND THE COMPANY

SECTION 5.1 MAINTENANCE OF OFFICES, AGENCIES, TRANSFER BOOKS BY THE DEPOSITARY;
            THE REGISTRAR.

         Upon execution of this Deposit Agreement in accordance with its terms,
the Depositary shall maintain (i) at the Corporate Office facilities for the
execution and delivery, registration, registration of transfer, surrender,
split-up, combination, redemption and conversion of Receipts and deposit and
withdrawal of Stock, and (ii) at the offices of the Depositary's Agents, if any,
facilities for the delivery, registration, registration of transfer, surrender,
split-up, combination,

                                       14
<PAGE>

redemption and conversion of Receipts and deposit and withdrawal of Stock, all
in accordance with the provisions of this Deposit Agreement.

         The Depositary, acting as transfer agent and Registrar, shall keep
books at the Corporate Office for the registration and transfer of Receipts,
which books at all reasonable times shall be open for inspection by the record
holders of Receipts; provided that any such holder requesting to exercise such
right shall certify to the Depositary that such inspection shall be for a proper
purpose reasonably related to such person's interest as an owner of Depositary
Shares. The Depositary shall consult with the Company upon receipt of any
request for inspection. The Depositary may close such books, at any time or from
time to time, when deemed expedient by it in connection with the performance of
its duties hereunder.

         If the Receipts or the Depositary Shares evidenced thereby or the Stock
represented by such Depositary Shares shall be listed on one or more securities
exchanges, the Depositary shall, with the approval of the Company, appoint a
Registrar for registry of such Receipts or Depositary Shares in accordance with
the requirements of such exchange or exchanges. Such Registrar (which may be the
Depositary if so permitted by the requirements of such exchange or exchanges)
may be removed and a substitute Registrar appointed by the Depositary upon the
request or with the approval of the Company. In addition, if the Receipts, such
Depositary Shares or such Stock are listed on one or more securities exchanges,
the Depositary will, at the request of the Company, arrange such facilities for
the delivery, registration, registration of transfer, surrender, split-up,
combination, redemption and conversion of such Receipts, such Depositary Shares
or such Stock as may be required by law or applicable security exchange
regulations.

SECTION 5.2 PREVENTION OR DELAY IN PERFORMANCE BY THE DEPOSITARY, THE
            DEPOSITARY'S AGENTS, THE REGISTRAR OR THE COMPANY.

         Neither the Depositary nor any Depositary's Agent nor the Registrar nor
the Company shall incur any liability to any holder of any Receipt, if by reason
of any provision of any present or future law or regulation thereunder of the
United States of America or of any other governmental authority or of any
provision, present or future, of the Articles of Incorporation or the applicable
Certificate of Determination or by reason of any act of god or war or other
circumstances beyond the control of the relevant party, the Depositary, any
Depositary's Agent, the Registrar or the Company shall be prevented or forbidden
from doing or performing any act or thing that the terms of this Deposit
Agreement provide shall be done or performed; nor shall the Depositary, any
Depositary's Agent, the Registrar or the Company incur any liability to any
holder of a Receipt (i) by reason of any nonperformance or delay, caused as
aforesaid, in the performance of any act or thing that the terms of this Deposit
Agreement provide shall or may be done or performed, or (ii) by reason of any
exercise of, or failure to exercise, any discretion provided for in this Deposit
Agreement except, in the case of the Depositary, any Depositary's Agent or the
Registrar, if any such exercise or failure to exercise discretion is caused by
its negligence or willful misconduct.

                                       15
<PAGE>

SECTION 5.3 OBLIGATIONS OF THE DEPOSITARY, THE DEPOSITARY'S AGENTS, THE
            REGISTRAR AND THE COMPANY.

         The Company assumes no obligation and shall be subject to no liability
under this Deposit Agreement or the Receipts to holders or other persons, except
to perform its obligations as are specifically set forth and undertaken by it to
perform in this Deposit Agreement without negligence or bad faith. Each of the
Depositary, the Depositary's Agents and the Registrar assumes no obligation and
shall be subject to no liability under this Deposit Agreement or the Receipts to
holders or other persons, except to perform such obligations as are specifically
set forth and undertaken by it to perform in this Deposit Agreement without
negligence or willful misconduct.

         Neither the Depositary nor any Depositary's Agent nor the Registrar nor
the Company shall be liable for any action or any failure to act by it in
reliance upon the advice of or information from legal counsel, accountants, any
person presenting Stock for deposit, any holder of a Receipt or any other person
believed by it in good faith to be competent to give such advice or information.
The Depositary, any Depositary's Agent, the Registrar and the Company may each
rely and shall each be protected in acting upon any written notice, request,
direction or other document believed by it to be genuine and to have been signed
or presented by the proper party or parties.

         The Depositary, the Registrar and any Depositary's Agent may own and
deal in any class of securities of the Company and its affiliates and in
Receipts or Depositary Shares. The Depositary may also act as transfer agent or
Registrar of any of the securities of the Company and its affiliates.

         It is intended that neither the Depositary nor any Depositary's Agent
nor the Registrar shall be deemed to be an "issuer" of the Stock, the Depositary
Shares, or the Receipts or other securities issued upon conversion, exchange or
redemption of the Stock under the federal securities laws or applicable state
securities laws, it being expressly understood and agreed that the Depositary
and any Depositary's Agent and the Registrar are acting only in a ministerial
capacity; provided, however, that the Depositary and any Depositary's Agent
agree to comply with all information reporting and withholding requirements
applicable to each of them under law or this Deposit Agreement in their capacity
as such.

         Neither the Depositary (or its officers, directors, employees or
agents) nor any Depositary's Agent nor the Registrar makes any representation or
has any responsibility as to the validity of the registration statement pursuant
to which the Depositary Shares are registered under the Securities Act, the
Stock, the Depositary Shares or any instruments referred to therein or herein,
or as to the correctness of any statement made therein or herein; provided,
however, that the Depositary is responsible for its representations in this
Deposit Agreement.

         The Depositary assumes no responsibility for the correctness of the
description that appears in the Receipts, which can be taken as a statement of
the Company summarizing certain provisions of this Deposit Agreement.
Notwithstanding any other provision herein or in the Receipts, the Depositary
makes no warranties or representations as to the validity, genuineness or
sufficiency of any Stock at any time deposited with the Depositary hereunder or
of the

                                       16
<PAGE>

Depositary Shares, as to the validity or sufficiency of this Deposit Agreement,
as to the value of the Depositary Shares or as to any right, title or interest
of the record holders of Receipts in and to the Depositary Shares except that
the Depositary hereby represents and warrants as follows: (i) the Depositary has
been duly organized and is validly existing and in good standing under the laws
of the State of [_______________], with full power, authority and legal right
under such law to execute, deliver and carry out the terms of this Deposit
Agreement; (ii) this Deposit Agreement has been duly authorized, executed and
delivered by the Depositary; and (iii) this Deposit Agreement constitutes, and
when executed and delivered, each Receipt will constitute, a valid and binding
obligation of the Depositary, enforceable against the Depositary in accordance
with its terms, except as enforcement thereof may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting enforcement of
creditors' rights generally and except as enforcement thereof is subject to
general principles of equity (regardless of whether enforcement is considered in
a proceeding in equity or at law). The Depositary shall not be accountable for
the use or application by the Company of its proceeds from the Depositary Shares
or the Receipts.

SECTION 5.4 RESIGNATION AND REMOVAL OF THE DEPOSITARY, APPOINTMENT OF SUCCESSOR
            DEPOSITARY.

         The Depositary may at any time resign as Depositary hereunder by
written notice to the Company of its election to do so, such resignation to take
effect upon the appointment of a successor Depositary and its acceptance of such
appointment as hereinafter provided.

         The Depositary may at any time be removed by the Company by written
notice to the Depositary of such removal, such removal to take effect upon the
appointment of a successor depositary and its acceptance of such appointment as
hereinafter provided.

         In case at any time the Depositary acting hereunder shall resign or be
removed, the Company shall, within 60 days after the delivery of the notice of
resignation or removal, as the case may be, appoint a successor depositary,
which shall be a bank or trust company, or an affiliate of a bank or trust
company, having its principal office in the United States of America and having
a combined capital and surplus of at least $50,000,000. If a successor
depositary shall not have been appointed in 60 days, the resigning or removed
Depositary may petition a court of competent jurisdiction to appoint a successor
depositary. Every successor depositary shall execute and deliver to its
predecessor and to the Company an instrument in writing accepting its
appointment hereunder, and thereupon such successor depositary, without any
further act or deed, shall become fully vested with all the rights, powers,
duties and obligations of its predecessor and for all purposes shall be the
Depositary under this Deposit Agreement, and such predecessor, upon payment of
all sums due it and on the written request of the Company, shall promptly
execute and deliver an instrument transferring to such successor all rights and
powers of such predecessor hereunder, shall duly assign, transfer and deliver
all rights, title and interest in the Stock and any moneys or property held
hereunder to such successor and shall deliver to such successor a list of the
record holders of all outstanding Receipts. Any successor Depositary shall
promptly mail notice of its appointment to the record holders of Receipts.

         Any corporation into or with which the Depositary may be merged,
consolidated or converted shall be the successor of such Depositary without the
execution or filing of any

                                       17
<PAGE>

document or any further act. Such successor Depositary may execute the Receipts
either in the name of the predecessor Depositary or in the name of the successor
Depositary.

SECTION 5.5 CORPORATE NOTICES AND REPORTS.

         The Company agrees that it will deliver to the Depositary, and the
Depositary will, promptly after receipt thereof, transmit to the record holders
of Receipts, in each case at the address recorded in the Depositary's books or
the books of any Depositary's Agent or the Registrar, copies of all notices and
reports (including financial statements) required by law, by the rules of any
national securities exchange upon which the Stock, the Depositary Shares or the
Receipts are listed or by the Articles of Incorporation or the applicable
Certificate of Determination to be furnished by the Company to holders of Stock.
Such transmission will be at the Company's expense and the Company will provide
the Depositary with such number of copies of such documents as the Depositary
may reasonably request. In addition, the Depositary will transmit to the record
holders of Receipts at the Company's expense such other documents as may be
requested by the Company.

SECTION 5.6 DEPOSIT OF STOCK BY THE COMPANY.

         The Company agrees with the Depositary that neither the Company nor any
Company controlled by the Company will at any time deposit any Stock if such
Stock is required to be registered under the provisions of the Securities Act
and no registration statement is at such time in effect as to such Stock.

SECTION 5.7 INDEMNIFICATION BY THE COMPANY.

         The Company shall indemnify the Depositary for, and hold it harmless
against, any loss, liability, claim or expense ("Loss") arising out of or in
connection with its duties under this Deposit Agreement, including the
reasonable costs and expenses of defending itself against Loss, unless such Loss
shall have been determined by a court of competent jurisdiction to be a result
of the Depositary's negligence or willful misconduct.

SECTION 5.8 FEES, CHARGES AND EXPENSES.

         No fees, charges and expenses of the Depositary or any Depositary's
Agent hereunder or of any Registrar shall be payable by any person other than
the Company, except for any taxes and other governmental charges and except as
provided in this Deposit Agreement. If, at the request of a holder of a Receipt,
the Depositary incurs fees, charges or expenses for which it is not otherwise
liable hereunder, such holder or other person will be liable for such fees,
charges and expenses. All other fees, charges and expenses of the Depositary and
any Depositary's Agent hereunder and of any Registrar (including, in each case,
reasonable fees and expenses of counsel) incident to the performance of their
respective obligations hereunder will be paid from time to time upon
consultation and agreement between the Depositary and the Company as to the
amount and nature of such fees, charges and expenses.

                                       18
<PAGE>

                                   ARTICLE VI
                            AMENDMENT AND TERMINATION

SECTION 6.1 AMENDMENT.

         The form of the Receipts and any provision of this Deposit Agreement
may at any time and from time to time be amended by agreement between the
Company and the Depositary in any respect that they may deem necessary or
desirable, including to reflect the terms of any Certificate of Determination;
provided, however, that no such amendment that shall materially and adversely
alter the rights of the holders of Receipts shall be effective as to outstanding
Receipts until the expiration of 90 days after notice of such amendment shall
have been given to the record holders of outstanding Receipts. Each holder of an
outstanding Receipt at the time any such amendment becomes effective shall be
deemed, by continuing to hold such Receipt, to consent and agree to such
amendment and to be bound by this Deposit Agreement as amended thereby. In no
event shall any amendment impair the right, subject to the provisions of this
Deposit Agreement, of any holder of any Depositary Shares to surrender the
Receipt evidencing such Depositary Shares with instructions to the Depositary to
deliver to the holder the Stock or to cause the conversion of such Stock into
the Company's common stock or other securities in accordance with the applicable
Certificate of Determination and to deliver all securities, money and other
property, if any, represented thereby, except in order to comply with mandatory
provisions of applicable law.

SECTION 6.2 TERMINATION.

         This Deposit Agreement may be terminated by either the Company or the
Depositary, upon notice to the other, only if (i) all of the outstanding
Depositary Shares have been redeemed or converted for any other securities into
which the Stock is convertible, or (ii) there has been a final distribution of
the Stock to the holders of Receipts in connection with the Company's
liquidation, dissolution or winding up. The Depositary will mail notice of such
termination to the record holders of all Receipts then outstanding at least 30
days prior to the date fixed in such notice for such termination. If any
Receipts shall remain outstanding after the date of termination of this Deposit
Agreement, the Depositary thereafter shall discontinue the transfer of Receipts,
and shall not give any further notices or perform any further acts under this
Deposit Agreement, except that the Depositary shall continue to deliver the
Stock and any money and other property represented by Receipts, without
liability for interest thereon, upon surrender thereof by the holders thereof,
and the Depositary shall be discharged from all obligations under this Deposit
Agreement except to account for such Stock, money and other property. Upon the
termination of this Deposit Agreement, the Company shall be discharged from all
obligations under this Deposit Agreement except for its obligations to the
Depositary, any Depositary's Agent and any Registrar under Sections 5.7 and 5.8.

                                       19
<PAGE>

                                   ARTICLE VII
                                  MISCELLANEOUS

SECTION 7.1 COUNTERPARTS.

         This Deposit Agreement may be executed by the Company and the
Depositary in separate counterparts, each of which counterparts, when so
executed and delivered, shall be deemed an original, but all such counterparts
taken together shall constitute one and the same instrument. Delivery of an
executed counterpart of a signature page to this Deposit Agreement by telecopier
shall be effective as delivery of a manually executed counterpart of this
Deposit Agreement. Copies of this Deposit Agreement shall be filed with the
Depositary and the Depositary's Agents and shall be open to inspection during
business hours at the Corporate Office and the respective offices of the
Depositary's Agents, if any, by any holder of a Receipt.

SECTION 7.2 EXCLUSIVE BENEFITS OF PARTIES.

         This Deposit Agreement is for the exclusive benefit of the parties
hereto, and their respective successors hereunder, and shall not be deemed to
give any legal or equitable right, remedy or claim to any other person
whatsoever.

SECTION 7.3 INVALIDITY OF PROVISIONS.

         In case any one or more of the provisions contained in this Deposit
Agreement or in the Receipts should be or become invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein or therein shall in no way be affected,
prejudiced or disturbed thereby.

SECTION 7.4 NOTICES.

         Any notices to be given to the Company hereunder or under the Receipts
shall be in writing and shall be deemed to have been duly given if personally
delivered or sent by mail (first class postage prepaid), by a nationally
recognized overnight courier service, or by telecopier confirmed by letter,
addressed to the Company at 101 Enterprise, Aliso Viejo, California 92656,
Attention: Investor Relations, or at any other place to which the Company may
have transferred its principal executive office.

         Any notices to be given to the Depositary hereunder or under the
Receipts shall be in writing and shall be deemed to have been duly given if
personally delivered or sent by mail (first class postage), by a nationally
recognized overnight courier service, or by telecopier confirmed by letter,
addressed to the Depositary at the Corporate Office.

         Except as provided in the next paragraph, any notices given to any
record holder of a Receipt hereunder or under the Receipts shall be in writing
and shall be deemed to have been duly given if personally delivered or sent by
mail (first class postage), by a nationally recognized overnight courier service
or by telecopier confirmed by letter, addressed to such record holder at the
address of such record holder as it appears on the books of the Depositary or,
if such holder shall have filed with the Depositary a written request that
notices intended for such holder be mailed to some other address, at the address
designated in such request.

                                       20
<PAGE>

         In addition, whenever the Certificate of Determination requires any
notice to be published, the Depositary will, if requested by the Company, cause
such notice to be published in the manner directed by the Company.

         Delivery of a notice sent by mail, by overnight courier or by
telecopier shall be deemed to be effected at the time when a duly addressed
letter containing the same (or a duly addressed letter confirming an earlier
notice in the case of a telecopier message) is deposited, postage prepaid, in a
post office letter box or with the overnight courier service. The Depositary or
the Company may, however, act upon any telecopier message received by it from
the other or from any holder of a Receipt, notwithstanding that such telecopier
message shall not subsequently be confirmed by letter as aforesaid.

SECTION 7.5 DEPOSITARY'S AGENTS.

         The Depositary may, with the approval of the Company which approval
shall not be unreasonably withheld, from time to time appoint one or more
Depositary's Agents to act in any respect for the Depositary for the purposes of
this Deposit Agreement and may vary or terminate the appointment of such
Depositary's Agents.

SECTION 7.6 HOLDERS OF RECEIPTS ARE PARTIES.

         Notwithstanding that holders of Receipts have not executed and
delivered this Deposit Agreement or any counterpart thereof, the holders of
Receipts from time to time shall be deemed to be parties to this Deposit
Agreement and shall be bound by all of the terms and conditions, and be entitled
to all of the benefits, hereof and of the Receipts by acceptance of delivery of
Receipts.

SECTION 7.7 GOVERNING LAW.

         This Deposit Agreement and the Receipts and all rights hereunder and
thereunder and provisions hereof and thereof shall be governed by, and construed
in accordance with, the law of the State of New York without giving effect to
principles of conflict of laws.

SECTION 7.8 HEADINGS.

         The headings of articles and sections in this Deposit Agreement and in
the form of the Receipt set forth in Exhibit A hereto have been inserted for
convenience only and are not to be regarded as a part of this Deposit Agreement
or to have any bearing upon the meaning or interpretation of any provision
contained herein or in the Receipts.

                                       21
<PAGE>

         IN WITNESS WHEREOF, RemedyTemp, Inc. and [_____________] have duly
executed this Deposit Agreement as of the day and year first above set forth and
all holders of Receipts shall become parties hereto by and upon acceptance by
them of delivery of Receipts issued in accordance with the terms hereof.

                                        REMEDYTEMP, INC.

                                        By:
                                            ------------------------------------
                                                 Authorized Officer

                                                              , AS DEPOSITARY
                                        ----------------------

                                        By:
                                            ------------------------------------
                                                 Authorized Officer

                                        [SIGNATURE PAGE TO DEPOSIT AGREEMENT]

                                       22
<PAGE>

                         Exhibit A to Deposit Agreement

                          [FORM OF DEPOSITARY RECEIPT]

         [Unless this certificate is presented by an authorized representative
of The Depository Trust Company, a New York corporation ("DTC"), to the Company
or its agent for registration of transfer, conversion, exchange or payment, and
any certificate issued is registered in the name of Cede & Co. or in such other
name as is requested by an authorized representative of DTC (and any payment is
made to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL in as much as the registered owner
hereof, Cede & Co., has an interest herein.]

                               DEPOSITARY RECEIPT

                                       FOR

                                DEPOSITARY SHARES

                    EACH REPRESENTING [______] OF A SHARE OF

                        PREFERRED STOCK, SERIES [_______]

                                       OF

                                REMEDYTEMP, INC.

                                   No. CUSIP:

         [__________] (the "Depositary") hereby certifies that [Cede & Co.]
[__________]is the registered holder of [___________] Depositary Shares (the
"Depositary Shares"), each Depositary Share representing [_____________] of a
share of [__________] Preferred Stock, Series [___], $0.01 par value (the
"Stock"), of RemedyTemp, Inc., a corporation duly organized and existing under
the laws of the State of California (the "Company"), deposited with the
Depositary and the same proportionate interest in any and all other property
received by the Depositary in respect of such shares of Stock and held by the
Depositary under the Deposit Agreement (as defined below). Subject to the terms
of the Deposit Agreement, each owner of a Depositary Share is entitled,
proportionately, to all the rights, preferences and privileges, and subject to
all the limitations and restrictions, of the Stock represented thereby,
including any dividend, voting, conversion, redemption, liquidation and sinking
fund rights contained in the Certificate of Determination establishing the
rights, preferences, privileges, limitations and restrictions of the Stock (the
"Certificate of Determination"), copies of which are on file at the office of
the Depositary in the City of New York, Borough of Manhattan [__________] at
which at any particular time its business in respect of matters governed by the
Deposit Agreement shall be administered, which at the time of the execution of
the Deposit Agreement is located at [__________] (the "Corporate Office").

                                       1
<PAGE>

         This Depositary Receipt ("Receipt") shall not be entitled to any
benefits under the Deposit Agreement or be valid or obligatory for any purpose
unless this Receipt shall have been executed manually or, if a Registrar for the
Receipts (other than the Depositary) shall have been appointed, by facsimile by
the Depositary by the signature of a duly authorized officer and, if executed by
facsimile signature of the Depositary, shall have been countersigned manually by
such Registrar by the signature of a duly authorized officer.

         THE DEPOSITARY IS NOT RESPONSIBLE FOR THE VALIDITY OF ANY DEPOSITED
STOCK. THE DEPOSITARY ASSUMES NO RESPONSIBILITY FOR THE CORRECTNESS OF THE
DESCRIPTION SET FORTH IN THIS RECEIPT, WHICH CAN BE TAKEN AS A STATEMENT OF THE
COMPANY SUMMARIZING CERTAIN PROVISIONS OF THE DEPOSIT AGREEMENT. UNLESS
EXPRESSLY SET FORTH IN THE DEPOSIT AGREEMENT, THE

         DEPOSITARY MAKES NO WARRANTIES OR REPRESENTATIONS AS TO THE VALIDITY,
GENUINENESS OR SUFFICIENCY OF ANY STOCK AT ANY TIME DEPOSITED WITH THE
DEPOSITARY UNDER THE DEPOSIT AGREEMENT OR OF THE DEPOSITARY SHARES, AS TO THE
VALIDITY OR SUFFICIENCY OF THE DEPOSIT AGREEMENT, AS TO THE VALUE OF THE
DEPOSITARY SHARES OR AS TO ANY RIGHT, TITLE OR INTEREST OF THE RECORD HOLDERS OF
THE RECEIPTS IN AND TO THE DEPOSITARY SHARES.

         The Company will furnish to any holder of this Receipt without charge,
upon request addressed to its executive office, a full statement of the
designation, relative rights, preferences, privileges, limitations and
restrictions of the shares of each authorized class, and of each class of
preferred stock authorized to be issued, so far as the same may have been fixed,
and a statement of the authority of the board of directors of the Company to
designate and fix the relative rights, preferences, privileges, limitations and
restrictions of other classes.

         This Receipt is continued on the reverse hereof and the additional
provisions therein set forth for all purposes have the same effect as if set
forth at this place.

                                       Dated:
                                              ----------------------------------
                                                as Depositary and Registrar

                                       By:
                                           -------------------------------------
                                                Authorized Officer

                                       Further Conditions and Agreements Forming
                                       Part of this Receipt Appear on the
                                       Reverse Side.

                                       2
<PAGE>

                         [REVERSE OF DEPOSITARY RECEIPT]

         1. THE DEPOSIT AGREEMENT. Receipts, of which this Receipt is one,
are made available upon the terms and conditions set forth in the Deposit
Agreement, dated as of [______] (the "Deposit Agreement"), among the Company,
the Depositary and all holders from time to time of Receipts. The Deposit
Agreement (copies of which are on file at the Corporate Office and at the office
of any agent of the Depositary) sets forth the rights of holders of Receipts and
the rights and duties of the Depositary. The statements made on the face and the
reverse of this Receipt are summaries of certain provisions of the Deposit
Agreement and are subject to the detailed provisions thereof, to which reference
is hereby made. In the event of any conflict between the provisions of this
Receipt and the provisions of the Deposit Agreement, the provisions of the
Deposit Agreement will govern.

         2. DEFINITIONS. Unless otherwise expressly herein provided, all
defined terms used herein shall have the meanings ascribed thereto in the
Deposit Agreement.

         3. REDEMPTION BY THE COMPANY; REPURCHASE BY THE COMPANY. Whenever
the Company shall redeem shares of Stock in accordance with a Certificate of
Determination, it shall (unless otherwise agreed in writing with the Depositary)
give the Depositary in its capacity as Depositary not less than 3 business days'
prior notice of the proposed date of the mailing of a notice of redemption of
Stock and the simultaneous redemption of the Depositary Shares representing the
Stock to be redeemed and of the number of such shares of Stock held by the
Depositary to be redeemed. Unless the Certificate of Determination for a
specific series of Stock provides for a different notice period with respect to
that Stock in the event of its redemption, the Depositary shall, as directed by
the Company in writing, mail, first class postage prepaid, notice of the
redemption not less than 30 and not more than 60 days prior to the date fixed
for redemption of such Stock and Depositary Shares, to the record holders of the
Receipts evidencing the Depositary Shares to be so redeemed, at the addresses of
such holders as the same appear on the records of the Depositary or any
Depositary's Agent or Registrar. Notwithstanding the foregoing, neither failure
to mail or publish any such notice to one or more such holders nor any defect in
any notice shall affect the sufficiency of the proceedings for redemption. On
the date of any such redemption, the Depositary shall surrender the certificate
or certificates held by the Depositary evidencing the number of shares of Stock
to be redeemed in the manner specified in the notice of redemption. The
Depositary shall, thereafter, redeem the number of Depositary Shares
representing such redeemed Stock upon the surrender of Receipts evidencing such
Depositary Shares in the manner provided in the notice sent to record holders of
Receipts. Notice having been mailed as aforesaid, from and after the redemption
date (unless the Company shall have failed to redeem the shares of Stock to be
redeemed by it upon the surrender of the certificate or certificates therefor by
the Depositary as described above), the Depositary Shares called for redemption
shall be deemed no longer to be outstanding and all rights of the holders of
Receipts evidencing such Depositary Shares (except the right to receive the
cash, securities or other property payable upon redemption upon surrender of
such Receipts) shall, to the extent of such Depositary Shares, cease and
terminate. The foregoing shall be subject further to the terms and conditions of
the applicable Certificate of Determination.

         Whenever the Company shall be required to make an offer to repurchase
Depositary Shares in accordance with a Certificate of Determination, it shall
(unless otherwise agreed in

                                       1
<PAGE>

writing with the Depositary) give the Depositary in its capacity as Depositary
not less than 3 business days' prior notice of the required date of the mailing
of a notice of the repurchase offer. The Depositary shall, as directed by the
Company in writing, mail, first class postage prepaid, notice of the relevant
terms of the repurchase offer, as provided by the Company, to the record holders
of the Receipts at the addresses of such holders as the same appear on the
records of the Depositary or any Depositary's Agent or Registrar. The Depositary
shall, thereafter, receive from each holder electing to have Depositary Shares
repurchased pursuant to the repurchase offer in accordance with the instructions
in the notice, the holder's Receipts, with an appropriate form duly completed
prior to the repurchase date. In case the aggregate number of Depositary Shares
offered for repurchase by the holders exceeds the amount of Depositary Shares
which the Company has offered to repurchase pursuant to the repurchase offer,
the Depositary Shares to be repurchased shall be selected by the Depositary by
lot or proportionately, as may be determined by the Depositary. The foregoing is
subject further to the terms and conditions of the applicable Certificate of
Determination.

         4. CONVERSION. In the event that the Stock, in accordance with
its Certificate of Determination, is convertible into the Company's common stock
or other securities, subject to the terms and conditions of the Deposit
Agreement, a holder of a Receipt or Receipts may surrender such Receipt or
Receipts at the Corporate Office or at such other office or to a Depositary's
Agent that the Depositary may designate for such purpose, together with a notice
of conversion duly completed and executed, thereby directing the Depositary or
such Depositary's Agent to instruct the Company to cause the conversion of the
number of shares of Stock specified in such notice of conversion into shares of
the Company's common stock or other securities at the rate specified in the
applicable Certificate of Determination, and an assignment of such Receipt or
Receipts to the Company or in blank, duly completed and executed, along with any
other documents or instruments and any amounts required by the applicable
Certificate of Determination.

         Upon receipt by the Depositary or a Depositary's Agent of a Receipt or
Receipts of such notice, assignment and other documents, instruments or amounts,
the Depositary or such Depositary's Agent shall instruct the Company, subject to
any adjustment provided for in the applicable Certificate of Determination, (i)
to cause the conversion at the rate specified in the applicable Certificate of
Determination of the number of shares of Stock evidenced by the Receipt or
Receipts so surrendered for conversion as specified in the written notice to the
Depositary or such Depositary's Agent and (ii) to cause the delivery to the
holder of such Receipt or Receipts of (a) a certificate or certificates
evidencing the number of whole shares of the Company's common stock or other
securities into which such Stock has been converted, and (b) the amount of cash
or other property, if any, to which such holder is entitled in lieu of
fractional shares of, or fractional interests in, the Company's common stock or
other securities otherwise deliverable by the Company upon such conversion,
calculated in accordance with the applicable Certificate of Determination. Upon
such conversion, the Depositary or such Depositary's Agent (i) shall deliver to
the holder a Receipt evidencing the number of Depositary Shares evidenced by the
surrendered Receipt or Receipts in excess of the number of Depositary Shares
evidenced by such Receipt or Receipts that have been so converted, (ii) shall
cancel the Receipts surrendered for conversion and (iii) shall deliver to the
Company for cancellation the number of shares of Stock evidenced by the Receipts
so surrendered and so converted.

                                       2
<PAGE>

         Upon the conversion of any Stock for which a notice of conversion has
been provided to the Depositary or a Depositary's Agent by the holder of the
Receipt or Receipts representing such Stock, the Depositary Shares evidenced by
such Receipt or Receipts shall be deemed no longer outstanding, all rights of
the holder of the Receipt or Receipts evidencing such Depositary Shares (except
the right to receive (i) the Company's common stock or other securities to which
such holder is entitled upon conversion in accordance with the applicable
Certificate of Determination, (ii) any cash or other property payable in
accordance with the applicable Certificate of Determination with respect to any
fractional shares or other fractional interests in the Company's common stock or
other securities otherwise deliverable by the Company upon conversion, (iii) any
Receipts evidencing Depositary Shares representing Stock which was not so
converted and (iv) any other securities, property or cash to which such holder
is entitled under this Deposit Agreement) shall cease and terminate, and the
Receipt or Receipts evidencing such Depositary Shares shall be cancelled.

         No fractional shares or other fractional interests in the Company's
common stock or other securities shall be deliverable by the Company upon
conversion of the Stock represented by the Depositary Shares.

         5. WITHDRAWAL OF STOCK. Holders of Receipts shall have the right,
upon payment of any amount due to the Depositary with respect to the Receipts,
to withdraw any or all of the Stock (but only in whole shares of Stock)
represented by the Depositary Shares and all money and other property, if any,
represented by such Depositary Shares by surrendering the Receipt or Receipts
evidencing such Depositary Shares at the Corporate Office, or at such other
offices as the Depositary may designate for such withdrawal (and cancellation of
the surrendered Receipts as provided in the Deposit Agreement).

         6. TRANSFERS, SPLIT-UPS, COMBINATIONS. Subject to Paragraphs 7, 8
and 9 below, this Receipt is transferable on the books of the Depositary upon
surrender of this Receipt to the Depositary at the Corporate Office or at such
other offices as the Depositary may designate for such purchase, properly
endorsed or accompanied by a properly executed instrument of transfer, together
with evidence of the payment of any transfer taxes as may be required by law,
and upon such transfer the Depositary shall execute and deliver a Receipt or
Receipts to or upon the order of the person entitled thereto, all as provided in
and subject to the Deposit Agreement. Subject to the Deposit Agreement, this
Receipt may be split into other Receipts or combined with other Receipts into
one Receipt evidencing the same aggregate number of Depositary Shares evidenced
by the Receipt or Receipts surrendered; provided, however, that the Depositary
shall not issue any Receipt evidencing a fractional Depositary Share.

         7. CONDITIONS TO SIGNING AND DELIVERY, TRANSFER, ETC., OF
RECEIPTS. Prior to the execution and delivery, registration of transfer,
split-up, combination, or surrender of this Receipt, the delivery of any
distribution hereon or withdrawal or deposit of the Stock evidenced hereby, or
the exercise of any applicable conversion right, the Depositary, any of the
Depositary's Agents, the Registrar or the Company may require any or all of the
following: (i) payment to it of a sum sufficient for the payment (or, in the
event that the Depositary or the Company shall have made such payment, the
reimbursement to it) of any tax or other governmental charge or fee with respect
thereto (including any such tax or charge or fee with respect to Stock being
deposited or withdrawn or with respect to other property of the Company

                                       3
<PAGE>

being issued upon redemption or conversion); (ii) production of proof
satisfactory to it as to the identity and genuineness of any signature; and
(iii) compliance with such reasonable regulations, if any, as the Depositary or
the Company may establish not inconsistent with the Deposit Agreement. Any
person presenting Stock for deposit, or any holder of this Receipt, may be
required to file such proof of residence or other information, to execute such
certificates and to make such representations and warranties as the Depositary
or the Company may reasonably deem necessary or proper. The Depositary or the
Company may withhold or delay the delivery of this Receipt, the registration of
transfer or redemption of this Receipt, the withdrawal of the Stock represented
by the Depositary Shares evidenced by this Receipt, the distribution of any
dividend or other distribution or the exercise of any applicable conversion
right, until such proof or other information is filed, such certificates are
executed or such representations and warranties are made.

         8. SUSPENSION OF DELIVERY, TRANSFER, ETC. The registration of
transfer, split-up, combination or surrender of this Receipt and the withdrawal
of deposited Stock or the exercise of any applicable conversion right may be
suspended (i) during any period when the register of stockholders of the Company
is closed, (ii) if any such action is deemed necessary or advisable by the
Depositary, any of the Depositary's Agents or the Company at any time or from
time to time because of any requirement of law or of any government or
governmental body or commission, or under any provision of the Deposit
Agreement, or (iii) with the approval of the Company, for any other reason.

         9. PAYMENT OF TAXES OR OTHER GOVERNMENTAL CHARGES. If any tax or
other governmental charge or fee shall become payable by or on behalf of the
Depositary with respect to (i) this Receipt, (ii) the Depositary Shares
evidenced by this Receipt, (iii) the Stock (or fractional interest therein) or
other property represented by such Depositary Shares, or (iv) any transaction
referred to in Section 4.6 of the Deposit Agreement, such tax (including
transfer, issuance or acquisition taxes, if any) or governmental charge or fee
shall be payable by the holder of this Receipt, who shall pay the amount thereof
to the Depositary. Until such payment is made, registration or transfer of this
Receipt or any split-up or combination of this Receipt or any withdrawal of the
Stock or money or other property, if any, represented by the Depositary Shares
evidenced by this Receipt upon its surrender or the exercise of any applicable
conversion right may be refused, any dividend or other distribution may be
withheld and any part or all of the Stock or other property represented by the
Depositary Shares evidenced by this Receipt may be sold for the account of the
holder hereof (after attempting by reasonable means to notify such holder prior
to such sale). Any dividend or other distribution so withheld and the proceeds
of any such sale may be applied to any payment of such tax or other governmental
charge or fee, the holder of this Receipt remaining liable for any deficiency.

         10. AMENDMENT. The form of the Receipts and any provision of the
Deposit Agreement may at any time and from time to time be amended by agreement
between the Company and the Depositary in any respect that they may deem
necessary or desirable, including to reflect the terms of any Certificate of
Determination; provided, however, that no such amendment that shall materially
and adversely alter the rights of the holders of Receipts shall be effective as
to outstanding Receipts until the expiration of 90 days after notice of such
amendment shall have been given to the record holders of outstanding Receipts.
Each holder of an outstanding Receipt at the time any such amendment becomes
effective shall be deemed, by

                                       4
<PAGE>

continuing to hold such Receipt, to consent and agree to such amendment and to
be bound by the Deposit Agreement as amended thereby. In no event shall any
amendment impair the right, subject to the provisions of the Deposit Agreement,
of the holder of the Depositary Shares evidenced by this Receipt to surrender
this Receipt with instructions to the Depositary to deliver to the holder the
Stock or to cause the conversion of such Stock into the Company's common stock
or other securities in accordance with the applicable Certificate of
Determination and to deliver all securities, money and other property, if any,
represented thereby, except in order to comply with mandatory provisions of
applicable law.

         11. FEES, CHARGES AND EXPENSES. The Company will pay all fees,
charges and expenses of the Depositary, except for taxes and other governmental
charges and such charges as are otherwise expressly provided for in the Deposit
Agreement.

         12. TITLE TO RECEIPTS. It is a condition of this Receipt, and
every successive holder hereof by accepting or holding the same consents and
agrees, that title to this Receipt (and to the Depositary Shares evidenced
hereby), when properly endorsed or accompanied by a properly executed instrument
of transfer, is transferable by delivery with the same effect as in the case of
investment securities in general; provided, however, that the Depositary may,
notwithstanding any notice to the contrary, treat the record holder hereof at
such time as the absolute owner hereof for the purpose of determining the person
entitled to distribution of dividends or other distributions or to any notice
provided for in the Deposit Agreement and for all other purposes.

         13. DIVIDENDS AND DISTRIBUTIONS. Whenever the Depositary shall
receive any cash dividend or other cash distribution on the Stock (other than
cash dividends or cash distributions paid by the Company in lieu of fractional
shares or other fractional interests in the Company's common stock or other
securities otherwise deliverable by the Company in accordance with the
applicable Certificate of Determination), the Depositary shall, subject to the
provisions of the Deposit Agreement, distribute to record holders of Receipts on
the record date fixed pursuant to paragraph 15 such amounts of such sums as are,
as nearly as practicable, in proportion to the respective numbers of Depositary
Shares evidenced by the Receipts held by such holders; provided, however, that
in case the Company or the Depositary shall be required by law to withhold and
does withhold from any cash dividend or other cash distribution in respect of
the Stock an amount on account of taxes, the amount made available for
distribution or distributed in respect of Depositary Shares shall be reduced
accordingly. The Depositary shall distribute or make available for distribution,
as the case may be, only such amount, however, as can be distributed without
attributing to any holder of Depositary Shares a fraction of one cent and any
balance not so distributable shall be held by the Depositary (without liability
for interest thereon) and shall be added to and be treated as part of the next
sum received by the Depositary for distribution to record holders of Receipts
then outstanding.

         14. SUBSCRIPTION RIGHTS, PREFERENCES OR PRIVILEGES. If the Company
shall at any time offer or cause to be offered to the persons in whose name
Stock is registered on the books of the Company any rights, preferences or
privileges to subscribe for or to purchase any securities or any rights,
preferences or privileges of any other nature, such rights, preferences or
privileges shall in each such instance, subject to the provisions of the Deposit
Agreement, be

                                       5
<PAGE>

made available by the Depositary to the record holders of Receipts in such
manner as the Company shall instruct.

         15. NOTICE OF DIVIDENDS, FIXING OF RECORD DATE. Whenever (i) any
cash dividend or other cash distribution shall become payable, or any
distribution other than cash shall be made, or any rights, preferences or
privileges shall at any time be offered, with respect to the Stock, or (ii) the
Depositary shall receive notice of any meeting at which holders of Stock are
entitled to vote or of which holders of Stock are entitled to notice, or (iii)
of any mandatory conversion of, or any election on the part of the Company to
call for redemption or exchange of, any shares of Stock, in accordance with the
applicable Certificate of Determination or otherwise, the Depositary shall in
each such instance fix a record date (which shall be the same date as the record
date fixed by the Company with respect to the Stock) for the determination of
the holders of Receipts (x) who shall be entitled to receive such dividend,
distribution, rights, preferences or privileges or the net proceeds of the sale
thereof, or (y) who shall be entitled to give instructions for the exercise of
voting rights at any such meeting or to receive notice of such meeting or of
such conversion, exchange or redemption.

         16. VOTING RIGHTS. Upon receipt of notice of any meeting at which
the holders of Stock are entitled to vote, the Depositary shall, as soon as
practicable thereafter, mail to the record holders of Receipts a notice, which
shall contain (i) such information as is contained in such notice of meeting,
(ii) a statement that the holders of Receipts at the close of business on a
specified record date determined as provided in paragraph 15 will be entitled,
subject to any applicable provision of law, the Articles of Incorporation or the
applicable Certificate of Determination, to instruct the Depositary as to the
exercise of the voting rights pertaining to the Stock represented by their
respective Depositary Shares, and (iii) a brief statement as to the manner in
which such instructions may be given. Upon the written request of a holder of
this Receipt on such record date, the Depositary shall endeavor insofar as
practicable to vote or cause to be voted the Stock represented by the Depositary
Shares evidenced by this Receipt in accordance with the instructions set forth
in such request. The Company hereby agrees to take all reasonable action that
may be deemed necessary by the Depositary in order to enable the Depositary to
vote such Stock or cause such Stock to be voted. In the absence of specific
instructions from the holder of this Receipt, the Depositary will abstain from
voting to the extent of the Stock represented by the Depositary Shares evidenced
by this Receipt.

         17. REPORTS, INSPECTION OF TRANSFER BOOKS. The Company agrees that
it will deliver to the Depositary, and the Depositary will, promptly after
receipt thereof, transmit to the record holders of Receipts, in each case at the
address recorded in the Depositary's books or the books of any Depositary's
Agent or the Registrar, copies of all notices and reports (including financial
statements) required by law, by the rules of any national securities exchange
upon which the Stock, the Depositary Shares or the Receipts are listed or by the
Articles of Incorporation or the applicable Certificate of Determination to be
furnished by the Company to holders of Stock. The Depositary, acting as transfer
agent and Registrar, shall keep books at the Corporate Office for the
registration and transfer of Receipts, which books at all reasonable times shall
be open for inspection by the record holders of Receipts; provided that any such
holder requesting to exercise such right shall certify to the Depositary that
such inspection shall be for a proper purpose reasonably related to such
person's interest as an owner of Depositary Shares.

                                       6
<PAGE>

         18. LIABILITY OF THE DEPOSITARY, THE DEPOSITARY'S AGENTS, THE
REGISTRAR AND THE COMPANY. Neither the Depositary nor any Depositary's Agent nor
the Registrar nor the Company shall incur any liability to any holder of this
Receipt, if by reason of any provision of any present or future law or
regulation thereunder of any governmental authority or of any provision, present
or future, of the Articles of Incorporation or the applicable Certificate of
Determination or by reason of any act of god or war or other circumstances
beyond the control of the relevant party, the Depositary, any Depositary's
Agent, the Registrar or the Company shall be prevented or forbidden from doing
or performing any act or thing that the terms of the Deposit Agreement provide
shall be done or performed; nor shall the Depositary, any Depositary's Agent,
the Registrar or the Company incur any liability to any holder of this Receipt
(i) by reason of any nonperformance or delay, caused as aforesaid, in the
performance of any act or thing that the terms of the Deposit Agreement provide
shall or may be done or performed or (ii) by reason of any exercise of, or
failure to exercise, any discretion provided for in the Deposit Agreement
except, in the case of the Depositary, any Depositary's Agent or the Registrar,
if such exercise or failure to exercise discretion is caused by its negligence
or willful misconduct.

         19. OBLIGATIONS OF THE DEPOSITARY, THE DEPOSITARY'S AGENT, THE
REGISTRAR AND THE COMPANY. The Company assumes no obligation and shall be
subject to no liability under the Deposit Agreement or this Receipt to the
holder hereof or other persons, except to perform its obligations as are
specifically set forth and undertaken by it to perform in the Deposit Agreement
without negligence or bad faith. Each of the Depositary, the Depositary's Agents
and the Registrar assumes no obligation and shall be subject to no liability
under the Deposit Agreement or this Receipt to the holder hereof or other
persons, except to perform such obligations as are specifically set forth and
undertaken by it to perform in the Deposit Agreement without negligence or
willful misconduct.

         Neither the Depositary nor any Depositary's Agent nor the Registrar nor
the Company shall be liable for any action or failure to act by it in reliance
upon the advice of or information from legal counsel, accountants, any person
presenting Stock for deposit, any holder of this Receipt or any other person
believed by it in good faith to be competent to give such advice or information.

         20. TERMINATION OF DEPOSIT AGREEMENT. The Deposit Agreement may be
terminated only if (i) all of the outstanding Depositary Shares have been
redeemed or converted for any other securities into which the Stock is
convertible or (ii) there has been a final distribution of the Stock to the
holders of Receipts in connection with the Company's liquidation, dissolution or
winding up. The Depositary will mail notice of such termination to the record
holders of all Receipts then outstanding at least 30 days prior to the date
fixed in such notice for such termination. Upon the termination of the Deposit
Agreement, the Company shall be discharged from all obligations thereunder
except for its obligations to the Depositary, any Depositary's Agent and any
Registrar under Sections 5.7 and 5.8 of the Deposit Agreement.

         If any Receipts remain outstanding after the date of termination of the
Deposit Agreement, the Depositary thereafter shall discontinue all functions and
be discharged from all obligations as provided in the Deposit Agreement, except
as specifically provided therein.

                                       7
<PAGE>

         21. GOVERNING LAW. The Deposit Agreement and this Receipt and all
rights thereunder and hereunder and provisions thereof and hereof shall be
governed by, and construed in accordance with, the law of the State of New York
without giving effect to principles of conflict of laws.

                                       8
<PAGE>

                               FORM OF ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto the within Receipt and all rights and interests represented by the
Depositary Shares evidenced thereby, and hereby irrevocably constitutes and
appoints [____________] attorney, to transfer the same on the books of the
within-named Depositary, with full power of substitution in the premises.

Dated:__________________________       Signature:_______________________________

NOTE: The signature to this assignment must correspond with the name as written
upon the face of the Receipt in every particular, without alteration or
enlargement, or any change whatever.

                                       9<PAGE>

                                  EXHIBIT 4.13

                                REMEDYTEMP, INC.

                                       AND

                        [_____________], AS WARRANT AGENT

                              FORM OF COMMON STOCK

                                WARRANT AGREEMENT

                                   DATED AS OF

                              [------------------]

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
ARTICLE I             ISSUANCE OF WARRANTS AND EXECUTION AND DELIVERY OF WARRANT CERTIFICATES..................  1

         Section 1.1           Issuance of Warrants............................................................  1

         Section 1.2           Execution and Delivery of Warrant Certificates..................................  1

         Section 1.3           Issuance of Warrant Certificates................................................  2

ARTICLE II            WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS.........................................  3

         Section 2.1           Warrant Price...................................................................  3

         Section 2.2           Duration of Warrants............................................................  3

         Section 2.3           Exercise of Warrants............................................................  3

ARTICLE III           OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES...................  4

         Section 3.1           No Rights as Warrant Securityholder Conferred by Warrants or Warrant
                                        Certificates...........................................................  4

         Section 3.2           Lost, Stolen, Mutilated or Destroyed Warrant Certificates.......................  5

         Section 3.3           Holder of Warrant Certificate May Enforce Rights................................  5

         Section 3.4           Adjustments.....................................................................  5

         Section 3.5           Notice to Warrantholders........................................................  8

         Section 3.6           [If the Warrants are subject to acceleration by the Company, insert --
                               Acceleration of Warrants by the Company]........................................  8

ARTICLE IV            EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES............................................  9

         Section 4.1           Exchange and Transfer of Warrant Certificates...................................  9

         Section 4.2           Treatment of Holders of Warrant Certificates.................................... 10

         Section 4.3           Cancellation of Warrant Certificates............................................ 10
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
ARTICLE V             CONCERNING THE WARRANT AGENT............................................................. 11

         Section 5.1           Warrant Agent................................................................... 11

         Section 5.2           Conditions of Warrant Agent's Obligations....................................... 11

         Section 5.3           Resignation, Removal and Appointment of Successor............................... 13

ARTICLE VI            MISCELLANEOUS............................................................................ 14

         Section 6.1           Amendment....................................................................... 14

         Section 6.2           Notices and Demands to the Company and Warrant Agent............................ 14

         Section 6.3           Addresses....................................................................... 14

         Section 6.4           Governing Law................................................................... 14

         Section 6.5           Delivery of Prospectus.......................................................... 14

         Section 6.6           Obtaining of Governmental Approvals............................................. 15

         Section 6.7           Persons Having Rights Under Warrant Agreement................................... 15

         Section 6.8           Headings........................................................................ 15

         Section 6.9           Counterparts.................................................................... 15

         Section 6.10          Inspection of Agreement......................................................... 15
</TABLE>

<PAGE>

                                REMEDYTEMP, INC.

                     Form of Common Stock Warrant Agreement

         COMMON STOCK WARRANT AGREEMENT, dated as of [________]between
REMEDYTEMP, INC., a California corporation (the "COMPANY") and [___________], a
[corporation] [national banking association] organized and existing under the
laws of [___________] and having a corporate trust office in [_____________], as
warrant agent (the "WARRANT AGENT").

         WHEREAS, the Company proposes to sell [if Warrants are sold with other
securities -- [title of such other securities being offered] (the "OTHER
SECURITIES") with] warrant certificates evidencing one or more warrants (the
"WARRANTS" or individually a "WARRANT") representing the right to purchase
Common Stock of the Company, par value $0.01 per share (the "WARRANT
SECURITIES"), such warrant certificates and other warrant certificates issued
pursuant to this Agreement being herein called the "WARRANT CERTIFICATES"; and

         WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company, and the Warrant Agent is willing so to act, in connection with the
issuance, registration, transfer, exchange, exercise and replacement of the
Warrant Certificates, and in this Agreement wishes to set forth, among other
things, the form and provisions of the Warrant Certificates and the terms and
conditions on which they may be issued, registered, transferred, exchanged,
exercised and replaced;

         NOW THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

                                    ARTICLE I
                     ISSUANCE OF WARRANTS AND EXECUTION AND
                        DELIVERY OF WARRANT CERTIFICATES

         SECTION 1.1 ISSUANCE OF WARRANTS. [If Warrants alone -- Upon issuance,
each Warrant Certificate shall evidence one or more Warrants.] [If Other
Securities and Warrants -- Warrants shall be [initially] issued in connection
with the issuance of the Other Securities [but shall be separately transferable
on and after [___________] (the "Detachable Date")] [and shall not be separately
transferable] and each Warrant Certificate shall evidence one or more Warrants.]
Each Warrant evidenced thereby shall represent the right, subject to the
provisions contained herein and therein, to purchase one Warrant Security. [If
Other Securities and Warrants -- Warrant Certificates shall be initially issued
in units with the Other Securities and each Warrant Certificate included in such
a unit shall evidence [_____________] Warrants for each [$ [__________]principal
amount] [_________shares] of Other Securities included in such unit.]

         SECTION 1.2 EXECUTION AND DELIVERY OF WARRANT CERTIFICATES. Each
Warrant Certificate, whenever issued, shall be in registered form substantially
in the form set forth in Exhibit A hereto, shall be dated the date of its
countersignature by the Warrant Agent

<PAGE>

and may have such letters, numbers, or other marks of identification or
designation and such legends or endorsements printed, lithographed or engraved
thereon as the officers of the Company executing the same may approve (execution
thereof to be conclusive evidence of such approval) and as are not inconsistent
with the provisions of this Agreement, or as may be required to comply with any
law or with any rule or regulation made pursuant thereto or with any rule or
regulation of any securities exchange on which the Warrants may be listed, or to
conform to usage. The Warrant Certificates shall be signed on behalf of the
Company by any of its present or future chief executive officers, presidents,
senior vice presidents, vice presidents, chief financial officers, chief legal
officers, treasurers, assistant treasurers, controllers, assistant controllers,
secretaries or assistant secretaries under its corporate seal reproduced
thereon. Such signatures may be manual or facsimile signatures of such
authorized officers and may be imprinted or otherwise reproduced on the Warrant
Certificates. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant
Certificates.

         No Warrant Certificate shall be valid for any purpose, and no Warrant
evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the manual signature of the Warrant Agent. Such signature by
the Warrant Agent upon any Warrant Certificate executed by the Company shall be
conclusive evidence that the Warrant Certificate so countersigned has been duly
issued hereunder.

         In case any officer of the Company who shall have signed any of the
Warrant Certificates either manually or by facsimile signature shall cease to be
such officer before the Warrant Certificates so signed shall have been
countersigned and delivered by the Warrant Agent, such Warrant Certificates may
be countersigned and delivered notwithstanding that the person who signed
Warrant Certificates ceased to be such officer of the Company; and any Warrant
Certificate may be signed on behalf of the Company by such persons as, at the
actual date of the execution of such Warrant Certificate, shall be the proper
officers of the Company, although at the date of the execution of this Agreement
any such person was not such officer.

         The term "holder" or "holder of a Warrant Certificate" as used herein
shall mean any person in whose name at the time any Warrant Certificate shall be
registered upon the books to be maintained by the Warrant Agent for that purpose
[If Other Securities and Warrants are not immediately detachable -- or upon the
registration of the Other Securities prior to the Detachable Date. Prior to the
Detachable Date, the Company will, or will cause the registrar of the Other
Securities to, make available at all times to the Warrant Agent such information
as to holders of the Other Securities as may be necessary to keep the Warrant
Agent's records up to date].

         SECTION 1.3 ISSUANCE OF WARRANT CERTIFICATES. Warrant Certificates
evidencing the right to purchase Warrant Securities may be executed by the
Company and delivered to the Warrant Agent upon the execution of this Warrant
Agreement or from time to time thereafter. The Warrant Agent shall, upon receipt
of Warrant Certificates duly executed on behalf of the Company, countersign such
Warrant Certificates and shall deliver such Warrant Certificates to or upon the
order of the Company.

                                       2
<PAGE>

                                   ARTICLE II
                WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

         SECTION 2.1 WARRANT PRICE. During the period specified in Section 2.2,
each Warrant shall, subject to the terms of this Warrant Agreement and the
applicable Warrant Certificate, entitle the holder thereof to initially purchase
the number of Warrant Securities specified in the applicable Warrant Certificate
at an initial exercise price of $ [_________] per Warrant Security, subject to
adjustment upon the occurrence of certain events, as hereinafter provided. Such
purchase price per Warrant Security is referred to in this Agreement as the
"WARRANT PRICE."

         SECTION 2.2 DURATION OF WARRANTS. Each Warrant may be exercised in
whole or in part at any time, as specified herein, on or after [the date
thereof] [______] and at or before [_______] p.m., [City] time, on _________ or
such later date as the Company may designate by notice to the Warrant Agent and
the holders of Warrant Certificates mailed to their addresses as set forth in
the record books of the Warrant Agent (the "EXPIRATION DATE"). Each Warrant not
exercised at or before [_________] p.m., [City] time, on the Expiration Date
shall become void, and all rights of the holder of the Warrant Certificate
evidencing such Warrant under this Agreement shall cease.

         SECTION 2.3 EXERCISE OF WARRANTS.

                  (a) During the period specified in Section 2.2, the Warrants
         may be exercised to purchase a whole number of Warrant Securities in
         registered form by providing certain information as set forth on the
         reverse side of the Warrant Certificate and by paying in full, in
         lawful money of the United States of America, [in cash or by certified
         check or official bank check in New York Clearing House funds] [by bank
         wire transfer in immediately available funds] the Warrant Price for
         each Warrant Security with respect to which a Warrant is being
         exercised to the Warrant Agent at its corporate trust office, provided
         that such exercise is subject to receipt within five business days of
         such payment by the Warrant Agent of the Warrant Certificate with the
         form of election to purchase Warrant Securities set forth on the
         reverse side of the Warrant Certificate properly completed and duly
         executed. The date on which payment in full of the Warrant Price is
         received by the Warrant Agent shall, subject to receipt of the Warrant
         Certificate as aforesaid, be deemed to be the date on which the Warrant
         is exercised; provided, however, that if, at the date of receipt of
         such Warrant Certificates and payment in full of the Warrant Price, the
         transfer books for the Warrant Securities purchasable upon the exercise
         of such Warrants shall be closed, no such receipt of such Warrant
         Certificates and no such payment of such Warrant Price shall be
         effective to constitute the person so designated to be named as the
         holder of record of such Warrant Securities on such date, but shall be
         effective to constitute such person as the holder of record of such
         Warrant Securities for all purposes at the opening of business on the
         next succeeding day on which the transfer books for the Warrant
         Securities purchasable upon the exercise of such Warrants shall be
         opened, and the certificates for the Warrant Securities in respect of
         which such Warrants are then exercised shall be issuable as of the date
         on such next succeeding day on which the transfer books shall next be
         opened, and until such date the Company shall be under no duty to
         deliver any certificate for such Warrant Securities.

                                       3
<PAGE>

         The Warrant Agent shall deposit all funds received by it in payment of
         the Warrant Price in an account of the Company maintained with it and
         shall advise the Company by telephone at the end of each day on which a
         payment for the exercise of Warrants is received of the amount so
         deposited to its account. The Warrant Agent shall promptly confirm such
         telephone advice to the Company in writing.

                  (b) The Warrant Agent shall, from time to time, as promptly as
         practicable, advise the Company of (i) the number of Warrant Securities
         with respect to which Warrants were exercised, (ii) the instructions of
         each holder of the Warrant Certificates evidencing such Warrants with
         respect to delivery of the Warrant Securities to which such holder is
         entitled upon such exercise, (iii) delivery of Warrant Certificates
         evidencing the balance, if any, of the Warrants for the remaining
         Warrant Securities after such exercise, and (iv) such other information
         as the Company shall reasonably require.

                  (c) As soon as practicable after the exercise of any Warrant,
         the Company shall issue to or upon the order of the holder of the
         Warrant Certificate evidencing such Warrant the Warrant Securities to
         which such holder is entitled, in fully registered form, registered in
         such name or names as may be directed by such holder. If fewer than all
         of the Warrants evidenced by such Warrant Certificate are exercised,
         the Company shall execute, and an authorized officer of the Warrant
         Agent shall manually countersign and deliver, a new Warrant Certificate
         evidencing Warrants for the number of Warrant Securities remaining
         unexercised.

                  (d) The Company shall not be required to pay any stamp or
         other tax or other governmental charge required to be paid in
         connection with any transfer involved in the issue of the Warrant
         Securities, and in the event that any such transfer is involved, the
         Company shall not be required to issue or deliver any Warrant Security
         until such tax or other charge shall have been paid or it has been
         established to the Company's satisfaction that no such tax or other
         charge is due.

                  (e) Prior to the issuance of any Warrants there shall have
         been reserved, and the Company shall at all times through the
         Expiration Date keep reserved, out of its authorized but unissued
         Warrant Securities, a number of shares sufficient to provide for the
         exercise of the Warrants.

                                   ARTICLE III
                       OTHER PROVISIONS RELATING TO RIGHTS
                       OF HOLDERS OF WARRANT CERTIFICATES

         SECTION 3.1 NO RIGHTS AS WARRANT SECURITYHOLDER CONFERRED BY WARRANTS
OR WARRANT CERTIFICATES. No Warrant Certificate or Warrant evidenced thereby
shall entitle the holder thereof to any of the rights of a holder of Warrant
Securities, including, without limitation, the right to receive the payment of
dividends or distributions, if any, on the Warrant Securities or to exercise any
voting rights, except to the extent expressly set forth in this Agreement or the
applicable Warrant Certificate.

                                       4
<PAGE>

         SECTION 3.2 LOST, STOLEN, MUTILATED OR DESTROYED WARRANT CERTIFICATES.
Upon receipt by the Warrant Agent of evidence reasonably satisfactory to it and
the Company of the ownership of and the loss, theft, destruction or mutilation
of any Warrant Certificate and/or indemnity reasonably satisfactory to the
Warrant Agent and the Company and, in the case of mutilation, upon surrender of
the mutilated Warrant Certificate to the Warrant Agent for cancellation, then,
in the absence of notice to the Company or the Warrant Agent that such Warrant
Certificate has been acquired by a bona fide purchaser, the Company shall
execute, and an authorized officer of the Warrant Agent shall manually
countersign and deliver, in exchange for or in lieu of the lost, stolen,
destroyed or mutilated Warrant Certificate, a new Warrant Certificate of the
same tenor and evidencing Warrants for a like number of Warrant Securities. Upon
the issuance of any new Warrant Certificate under this Section 3.2, the Company
may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Warrant Agent) in connection
therewith. Every substitute Warrant Certificate executed and delivered pursuant
to this Section 3.2 in lieu of any lost, stolen or destroyed Warrant Certificate
shall represent an additional contractual obligation of the Company, whether or
not the lost, stolen or destroyed Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Warrant Certificates duly
executed and delivered hereunder. The provisions of this Section 3.2 are
exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement of mutilated, lost, stolen or destroyed
Warrant Certificates.

         SECTION 3.3 HOLDER OF WARRANT CERTIFICATE MAY ENFORCE RIGHTS.
Notwithstanding any of the provisions of this Agreement, any holder of a Warrant
Certificate, without the consent of the Warrant Agent, the holder of any Warrant
Securities or the holder of any other Warrant Certificate, may, in such holder's
own behalf and for such holder's own benefit, enforce, and may institute and
maintain any suit, action or proceeding against the Company suitable to enforce,
or otherwise in respect of, such holder's right to exercise the Warrants
evidenced by such holder's Warrant Certificate in the manner provided in such
holder's Warrant Certificate and in this Agreement.

         SECTION 3.4 ADJUSTMENTS.

                  (a) In case the Company shall at any time subdivide its
         outstanding shares of Common Stock into a greater number of shares, the
         Warrant Price in effect immediately prior to such subdivision shall be
         proportionately reduced and the number of Warrant Securities
         purchasable under the Warrants shall be proportionately increased.
         Conversely, in case the outstanding shares of Common Stock of the
         Company shall be combined into a smaller number of shares, the Warrant
         Price in effect immediately prior to such combination shall be
         proportionately increased and the number of Warrant Securities
         purchasable under the Warrants shall be proportionately decreased.

                                       5
<PAGE>

                  (b) If at any time or from time to time the holders of Common
         Stock (or any shares of stock or other securities at the time
         receivable upon the exercise of the Warrants) shall have received or
         become entitled to receive, without payment therefore,

                           (i) Common Stock or any shares of stock or other
                  securities which are at any time directly or indirectly
                  convertible into or exchangeable for Common Stock, or any
                  rights or options to subscribe for, purchase or otherwise
                  acquire any of the foregoing by way of dividend or other
                  distribution;

                           (ii) any cash paid or payable otherwise than as a
                  cash dividend paid or payable out of the Company's current or
                  retained earnings;

                           (iii) any evidence of the Company's indebtedness or
                  rights to subscribe for or purchase the Company's
                  indebtedness; or

                           (iv) Common Stock or additional stock or other
                  securities or property (including cash) by way of spinoff,
                  split-up, reclassification, combination of shares or similar
                  corporate rearrangement (other than shares of Common Stock
                  issued as a stock split or adjustments in respect of which
                  shall be covered by the terms of Section 3.4(a) above),

                           then and in each such case, the holder of each
                  Warrant shall, upon the exercise of the Warrant, be entitled
                  to receive, in addition to the number of Warrant Securities
                  receivable thereupon, and without payment of any additional
                  consideration therefore, the amount of stock and other
                  securities and property (including cash and indebtedness (or
                  rights to subscribe for or purchase indebtedness) which such
                  holder would hold on the date of such exercise had he been the
                  holder of record of such Warrant Securities as of the date on
                  which holders of Common Stock received or became entitled to
                  receive such shares or all other additional stock and other
                  securities and property.

                  (c) In case of (i) any reclassification, capital
         reorganization, or change in the Common Stock of the Company (other
         than as a result of a subdivision, combination, or stock dividend
         provided for in Section 3.4(a) or Section 3.4(b) above), (ii) share
         exchange, merger or similar transaction of the Company with or into
         another person or entity (other than a share exchange, merger or
         similar transaction in which the Company is the acquiring or surviving
         corporation and which does not result in any change in the Common Stock
         other than the issuance of additional shares of Common Stock) or (iii)
         the sale, exchange, lease, transfer or other disposition of all or
         substantially all of the properties and assets of the Company as an
         entirety (in any such case, a "REORGANIZATION EVENT"), then, as a
         condition of such Reorganization Event, lawful provisions shall be
         made, and duly executed documents evidencing the same from the Company
         or its successor shall be delivered to the holders of the Warrants, so
         that the holders of the Warrants shall have the right at any time prior
         to the expiration of the Warrants to purchase, at a total price equal
         to that payable upon the exercise of the Warrants, the kind and amount
         of shares of stock and other securities and property receivable in
         connection with such Reorganization Event by a holder of the same
         number of Warrant Securities as were purchasable by the holders of the
         Warrants immediately prior to such Reorganization Event. In any such
         case appropriate provisions shall be made with respect to the rights
         and interests of the holders of the Warrants so that the provisions
         hereof shall thereafter be applicable with respect to any shares of
         stock or

                                       6
<PAGE>

         other securities and property deliverable upon exercise the Warrants,
         and appropriate adjustments shall be made to the Warrant Price payable
         hereunder provided the aggregate purchase price shall remain the same.
         In the case of any transaction described in clauses (ii) and (iii)
         above, the Company shall thereupon be relieved of any further
         obligation hereunder or under the Warrants, and the Company as the
         predecessor corporation may thereupon or at any time thereafter be
         dissolved, wound up or liquidated. Such successor or assuming entity
         thereupon may cause to be signed, and may issue either in its own name
         or in the name of the Company, any or all of the Warrants issuable
         hereunder which heretofore shall not have been signed by the Company,
         and may execute and deliver securities in its own name, in fulfillment
         of its obligations to deliver Warrant Securities upon exercise of the
         Warrants. All the Warrants so issued shall in all respects have the
         same legal rank and benefit under this Agreement as the Warrants
         theretofore or thereafter issued in accordance with the terms of this
         Agreement as though all of such Warrants had been issued at the date of
         the execution hereof. In any case of any such Reorganization Event,
         such changes in phraseology and form (but not in substance) may be made
         in the Warrants thereafter to be issued as may be appropriate.

                  The Warrant Agent may receive a written opinion of legal
         counsel as conclusive evidence that any such Reorganization Event
         complies with the provisions of this Section 3.4.

                  (d) The Company may, at its option, at any time until the
         Expiration Date, reduce the then current Warrant Price to any amount
         deemed appropriate by the Board of Directors of the Company for any
         period not exceeding twenty consecutive days (as evidenced in a
         resolution adopted by such Board of Directors), but only upon giving
         the notices required by Section 3.5 at least ten days prior to taking
         such action.

                  (e) Except as herein otherwise expressly provided, no
         adjustment in the Warrant Price shall be made by reason of the issuance
         of shares of Common Stock, or securities convertible into or
         exchangeable for shares of Common Stock, or securities carrying the
         right to purchase any of the foregoing or for any other reason
         whatsoever.

                  (f) No fractional Warrant Securities shall be issued upon the
         exercise of Warrants. If more than one Warrant shall be exercised at
         one time by the same holder, the number of full Warrant Securities
         which shall be issuable upon such exercise shall be computed on the
         basis of the aggregate number of Warrant Securities purchased pursuant
         to the Warrants so exercised. Instead of any fractional Warrant
         Security which would otherwise be issuable upon exercise of any
         Warrant, the Company shall pay a cash adjustment in respect of such
         fraction in an amount equal to the same fraction of the last sales
         price (or bid price if there were no sales) per Warrant Security, in
         either case as reported on the New York Stock Exchange, Composite Tape
         on the business day which next precedes the day of exercise or, if the
         Warrant Securities are not then listed or admitted to trading on the
         New York Stock Exchange, on the principal national securities exchange
         on which the Warrant 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. Automated Quotations System ("NASDAQ"), or if
         the Warrant Securities are not then listed or admitted to

                                       7
<PAGE>

         trading on any national securities exchange or quoted on the National
         Market System of NASDAQ, the average of the closing high bid and low
         asked prices in the over-the-counter market, as reported by NASDAQ, or
         such other system then in use, or if on any such date the Warrant
         Securities are not quoted by any such organization, an amount equal to
         the same fraction of the average of the closing bid and asked prices as
         furnished by any New York Stock Exchange or NASDAQ firm selected from
         time to time by the Company for that purpose at the close of business
         on the business day which next precedes the day of exercise.

                  (g) Whenever the Warrant Price then in effect is adjusted as
         herein provided, the Company shall mail to each holder of the Warrants
         at such holder's address as it shall appear on the books of the Company
         a statement setting forth the adjusted Warrant Price then and
         thereafter effective under the provisions hereof, together with the
         facts, in reasonable detail, upon which such adjustment is based.

         SECTION 3.5 NOTICE TO WARRANTHOLDERS. In case the Company shall (a)
effect any dividend or distribution described in Section 3.4(b), (b) effect any
Reorganization Event, (c) make any distribution on or in respect of the Common
Stock in connection with the dissolution, liquidation or winding up of the
Company, or (d) reduce the then current Warrant Price pursuant to Section
3.4(d), then the Company shall mail to each holder of Warrants at such holder's
address as it shall appear on the books of the Warrant Agent, at least ten days
prior to the applicable date hereinafter specified, a notice stating (x) the
record date for such dividend or distribution, or, if a record is not to be
taken, the date as of which the holders of record of Common Stock that will be
entitled to such dividend or distribution are to be determined, (y) the date on
which such Reorganization Event, dissolution, liquidation or winding up is
expected to become effective, and the date as of which it is expected that
holders of Common Stock of record shall be entitled to exchange their shares of
Common Stock for securities or other property deliverable upon such
Reorganization Event, dissolution, liquidation or winding up, or (z) the first
date on which the then current Warrant Price shall be reduced pursuant to
Section 3.4(d). No failure to mail such notice nor any defect therein or in the
mailing thereof shall affect any such transaction or any adjustment in the
Warrant Price required by Section 3.4.

         SECTION 3.6 [IF THE WARRANTS ARE SUBJECT TO ACCELERATION BY THE
COMPANY, INSERT--ACCELERATION OF WARRANTS BY THE COMPANY.]

                  (a) At any time on or after[__________], the Company shall
         have the right to accelerate any or all Warrants at any time by causing
         them to expire at the close of business on the day next preceding a
         specified date (the "ACCELERATION DATE"), if the Market Price (as
         hereinafter defined) of the Common Stock equals or exceeds[__________]
         percent (____%) of the then effective Warrant Price on any twenty
         Trading Days (as hereinafter defined) within a period of thirty
         consecutive Trading Days ending no more than five Trading Days prior to
         the date on which the Company gives notice to the Warrant Agent of its
         election to accelerate the Warrants.

                  (b) Market Price" for each Trading Day shall be, if the Common
         Stock is listed or admitted for trading on the New York Stock Exchange,
         the last reported sale price, regular way (or, if no such price is
         reported, the average of the reported closing bid

                                       8
<PAGE>

         and asked prices, regular way) of Common Stock, in either case as
         reported on the New York Stock Exchange Composite Tape or, if the
         Common Stock is not listed or admitted to trading on the New York Stock
         Exchange, on the principal national securities exchange on which the
         Common Stock is listed or admitted to trading or, if not listed or
         admitted to trading on any national securities exchange, on the
         National Market System of NASDAQ or, if not listed or admitted to
         trading on any national securities exchange or quoted on the National
         Market System of NASDAQ, the average of the closing high bid and low
         asked prices in the over-the-counter market, as reported by NASDAQ, or
         such other system then in use, or if on any such date the shares of
         Common Stock are not quoted by any such organization, the average of
         the closing bid and asked prices as furnished by any New York Stock
         Exchange or NASDAQ firm selected from time to time by the Company for
         that purpose. "Trading Day" shall be each Monday through Friday, other
         than any day on which securities are not traded in the system or on the
         exchange that is the principal market for the Common Stock, as
         determined by the Board of Directors of the Company.

                  (c) In the event of an acceleration of less than all of the
         Warrants, the Warrant Agent shall select the Warrants to be accelerated
         by lot, pro rata or in such other manner as it deems, in its
         discretion, to be fair and appropriate.

                  (d) Notice of an acceleration specifying the Acceleration Date
         shall be sent by mail first class, postage prepaid, to each registered
         holder of a Warrant Certificate representing a Warrant accelerated at
         such holder's address appearing on the books of the Warrant Agent not
         more than sixty days nor less than thirty days before the Acceleration
         Date. Such notice of an acceleration also shall be given no more than
         twenty days, and no less than ten days, prior to the mailing of notice
         to registered holders of Warrants pursuant to this Section 3.6, by
         publication at least once in a newspaper of general circulation in the
         City of New York.

                  (e) Any Warrant accelerated may be exercised until [_____]
         p.m., [City] time, on the business day next preceding the Acceleration
         Date. The Warrant Price shall be payable as provided in Section 2.]

                                   ARTICLE IV
                  EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

         SECTION 4.1 EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES. [If Other
Securities with Warrants which are immediately detachable--Upon] [If Other
Securities with Warrants which are not immediately detachable--Prior to the
Detachable Date, a Warrant Certificate may be exchanged or transferred only
together with the Other Security to which the Warrant Certificate was initially
attached, and only for the purpose of effecting or in conjunction with an
exchange or transfer of such Other Security. Prior to any Detachable Date, each
transfer of the Other Security shall operate also to transfer the related
Warrant Certificates. After the Detachable Date, upon] surrender at the
corporate trust office of the Warrant Agent, Warrant Certificates evidencing
Warrants may be exchanged for Warrant Certificates in other denominations
evidencing such Warrants or the transfer thereof may be registered in whole or
in part; provided that such other Warrant Certificates evidence Warrants for the
same aggregate

                                       9
<PAGE>

number of Warrant Securities as the Warrant Certificates so surrendered. The
Warrant Agent shall keep, at its corporate trust office, books in which, subject
to such reasonable regulations as it may prescribe, it shall register Warrant
Certificates and exchanges and transfers of outstanding Warrant Certificates,
upon surrender of the Warrant Certificates to the Warrant Agent at its corporate
trust office for exchange or registration of transfer, properly endorsed or
accompanied by appropriate instruments of registration of transfer and written
instructions for transfer, all in form satisfactory to the Company and the
Warrant Agent. No service charge shall be made for any exchange or registration
of transfer of Warrant Certificates, but the Company may require payment of a
sum sufficient to cover any stamp or other tax or other governmental charge that
may be imposed in connection with any such exchange or registration of transfer.
Whenever any Warrant Certificates are so surrendered for exchange or
registration of transfer, an authorized officer of the Warrant Agent shall
manually countersign and deliver to the person or persons entitled thereto a
Warrant Certificate or Warrant Certificates duly authorized and executed by the
Company, as so requested.

         The Warrant Agent shall not be required to effect any exchange or
registration of transfer which will result in the issuance of a Warrant
Certificate evidencing a Warrant for a fraction of a Warrant Security or a
number of Warrants for a whole number of Warrant Securities and a fraction of a
Warrant Security. All Warrant Certificates issued upon any exchange or
registration of transfer of Warrant Certificates shall be the valid obligations
of the Company, evidencing the same obligations and entitled to the same
benefits under this Agreement as the Warrant Certificate surrendered for such
exchange or registration of transfer.

         SECTION 4.2 TREATMENT OF HOLDERS OF WARRANT CERTIFICATES. [If Other
Securities and Warrants are not immediately detachable--Prior to the Detachable
Date, the Company, the Warrant Agent and all other persons may treat the owner
of the Other Security as the owner of the Warrant Certificates initially
attached thereto for any purpose and as the person entitled to exercise the
rights represented by the Warrants evidenced by such Warrant Certificates, any
notice to the contrary notwithstanding. After the Detachable Date and prior to
due presentment of a Warrant Certificate for registration of transfer, the]
[T]he Company, the Warrant Agent and all other persons may treat the registered
holder of a Warrant Certificate as the absolute owner thereof for any purpose
and as the person entitled to exercise the rights represented by the Warrants
evidenced thereby, any notice to the contrary notwithstanding.

         SECTION 4.3 CANCELLATION OF WARRANT CERTIFICATES. Any Warrant
Certificate surrendered for exchange, registration of transfer or exercise of
the Warrants evidenced thereby shall, if surrendered to the Company, be
delivered to the Warrant Agent and all Warrant Certificates surrendered or so
delivered to the Warrant Agent shall be promptly canceled by the Warrant Agent
and shall not be reissued and, except as expressly permitted by this Agreement,
no Warrant Certificate shall be issued hereunder in exchange therefor or in lieu
thereof. The Warrant Agent shall deliver to the Company from time to time or
otherwise dispose of canceled Warrant Certificates in a manner satisfactory to
the Company.

                                       10
<PAGE>

                                    ARTICLE V
                          CONCERNING THE WARRANT AGENT

         SECTION 5.1 WARRANT AGENT. The Company hereby appoints [____________]
as Warrant Agent of the Company in respect of the Warrants and the Warrant
Certificates upon the terms and subject to the conditions herein set forth, and
[____________] hereby accepts such appointment. The Warrant Agent shall have the
powers and authority granted to and conferred upon it in the Warrant
Certificates and hereby and such further powers and authority to act on behalf
of the Company as the Company may hereafter grant to or confer upon it. All of
the terms and provisions with respect to such powers and authority contained in
the Warrant Certificates are subject to and governed by the terms and provisions
hereof.

         SECTION 5.2 CONDITIONS OF WARRANT AGENT'S OBLIGATIONS. The Warrant
Agent accepts its obligations herein set forth upon the terms and conditions
hereof, including the following to all of which the Company agrees and to all of
which the rights hereunder of the holders from time to time of the Warrant
Certificates shall be subject:

                  (a) COMPENSATION AND INDEMNIFICATION. The Company agrees
         promptly to pay the Warrant Agent the compensation to be agreed upon
         with the Company for all services rendered by the Warrant Agent and to
         reimburse the Warrant Agent for reasonable out-of-pocket expenses
         (including reasonable counsel fees) incurred without negligence, bad
         faith or willful misconduct by the Warrant Agent in connection with the
         services rendered hereunder by the Warrant Agent. The Company also
         agrees to indemnify the Warrant Agent for, and to hold it harmless
         against, any loss, liability or expense incurred without negligence,
         bad faith or willful misconduct on the part of the Warrant Agent,
         arising out of or in connection with its acting as Warrant Agent
         hereunder, including the reasonable costs and expenses of defending
         against any claim of such liability.

                  (b) AGENT FOR THE COMPANY. In acting under this Warrant
         Agreement and in connection with the Warrant Certificates, the Warrant
         Agent is acting solely as agent of the Company and does not assume any
         obligations or relationship of agency or trust for or with any of the
         holders of Warrant Certificates or beneficial owners of Warrants.

                  (c) COUNSEL. The Warrant Agent may consult with counsel
         satisfactory to it, which may include counsel for the Company, and the
         written advice of such counsel shall be full and complete authorization
         and protection in respect of any action taken, suffered or omitted by
         it hereunder in good faith and in accordance with the advice of such
         counsel.

                  (d) DOCUMENTS. The Warrant Agent shall be protected and shall
         incur no liability for or in respect of any action taken or omitted by
         it in reliance upon any Warrant Certificate, notice, direction,
         consent, certificate, affidavit, statement or other paper or document
         reasonably believed by it to be genuine and to have been presented or
         signed by the proper parties.

                                       11
<PAGE>

                  (e) CERTAIN TRANSACTIONS. The Warrant Agent, and its officers,
         directors and employees, may become the owner of, or acquire any
         interest in, Warrants, with the same rights that it or they would have
         if it were not the Warrant Agent hereunder, and, to the extent
         permitted by applicable law, it or they may engage or be interested in
         any financial or other transaction with the Company and may act on, or
         as depositary, trustee or agent for, any committee or body of holders
         of Warrant Securities or other obligations of the Company as freely as
         if it were not the Warrant Agent hereunder. Nothing in this Warrant
         Agreement shall be deemed to prevent the Warrant Agent from acting as
         trustee under any indenture to which the Company is a party.

                  (f) NO LIABILITY FOR INTEREST. Unless otherwise agreed with
         the Company, the Warrant Agent shall have no liability for interest on
         any monies at any time received by it pursuant to any of the provisions
         of this Agreement or of the Warrant Certificates.

                  (g) NO LIABILITY FOR INVALIDITY. The Warrant Agent shall have
         no liability with respect to any invalidity of this Agreement or any of
         the Warrant Certificates (except as to the Warrant Agent's
         countersignature thereon).

                  (h) NO RESPONSIBILITY FOR REPRESENTATIONS. The Warrant Agent
         shall not be responsible for any of the recitals or representations
         herein or in the Warrant Certificates (except as to the Warrant Agent's
         countersignature thereon), all of which are made solely by the Company.

                  (i) NO IMPLIED OBLIGATIONS. The Warrant Agent shall be
         obligated to perform only such duties as are herein and in the Warrant
         Certificates specifically set forth and no implied duties or
         obligations shall be read into this Agreement or the Warrant
         Certificates against the Warrant Agent. The Warrant Agent shall not be
         under any obligation to take any action hereunder which may tend to
         involve it in any expense or liability, the payment of which within a
         reasonable time is not, in its reasonable opinion, assured to it. The
         Warrant Agent shall not be accountable or under any duty or
         responsibility for the use by the Company of any of the Warrant
         Certificates authenticated by the Warrant Agent and delivered by it to
         the Company pursuant to this Agreement or for the application by the
         Company of the proceeds of the Warrant Certificates. The Warrant Agent
         shall have no duty or responsibility in case of any default by the
         Company in the performance of its covenants or agreements contained
         herein or in the Warrant Certificates or in the case of the receipt of
         any written demand from a holder of a Warrant Certificate with respect
         to such default, including, without limiting the generality of the
         foregoing, any duty or responsibility to initiate or attempt to
         initiate any proceedings at law or otherwise or, except as provided in
         Section 6.2 hereof, to make any demand upon the Company.

                                       12
<PAGE>

SECTION 5.3 RESIGNATION, REMOVAL AND APPOINTMENT OF SUCCESSOR.

                  (a) The Company agrees, for the benefit of the holders from
         time to time of the Warrant Certificates, that there shall at all times
         be a Warrant Agent hereunder until all the Warrants have been exercised
         or are no longer exercisable.

                  (b) The Warrant Agent may at any time resign as agent by
         giving written notice to the Company of such intention on its part,
         specifying the date on which its desired resignation shall become
         effective; provided that such date shall not be less than three months
         after the date on which such notice is given unless the Company
         otherwise agrees. The Warrant Agent hereunder may be removed at any
         time by the filing with it of an instrument in writing signed by or on
         behalf of the Company and specifying such removal and the intended date
         when it shall become effective. Such resignation or removal shall take
         effect upon the appointment by the Company, as hereinafter provided, of
         a successor Warrant Agent (which shall be a bank or trust company
         authorized under the laws of the jurisdiction of its organization to
         exercise corporate trust powers) and the acceptance of such appointment
         by such successor Warrant Agent. The obligation of the Company under
         Section 5.2(a) shall continue to the extent set forth therein
         notwithstanding the resignation or removal of the Warrant Agent.

                  (c) In case at any time the Warrant Agent shall resign, or
         shall be removed, or shall become incapable of acting, or shall be
         adjudged a bankrupt or insolvent, or shall commence a voluntary case
         under the Federal bankruptcy laws, as now or hereafter constituted, or
         under any other applicable Federal or state bankruptcy, insolvency or
         similar law or shall consent to the appointment of or taking possession
         by a receiver, custodian, liquidator, assignee, trustee, sequestrator
         (or other similar official) of the Warrant Agent or its property or
         affairs, or shall make an assignment for the benefit of creditors, or
         shall admit in writing its inability to pay its debts generally as they
         become due, or shall take corporate action in furtherance of any such
         action, or a decree or order for relief by a court having jurisdiction
         in the premises shall have been entered in respect of the Warrant Agent
         in an involuntary case under the Federal bankruptcy laws, as now or
         hereafter constituted, or any other applicable Federal or state
         bankruptcy, insolvency or similar law, or a decree or order by a court
         having jurisdiction in the premises shall have been entered for the
         appointment of a receiver, custodian, liquidator, assignee, trustee,
         sequestrator (or similar official) of the Warrant Agent or of its
         property or affairs, or any public officer shall take charge or control
         of the Warrant Agent or of its property or affairs for the purpose of
         rehabilitation, conservation, winding up or liquidation, a successor
         Warrant Agent, qualified as aforesaid, shall be appointed by the
         Company by an instrument in writing, filed with the successor Warrant
         Agent. Upon the appointment as aforesaid of a successor Warrant Agent
         and acceptance by the successor Warrant Agent of such appointment, the
         Warrant Agent shall cease to be Warrant Agent hereunder.

                  (d) Any successor Warrant Agent appointed hereunder shall
         execute, acknowledge and deliver to its predecessor and to the Company
         an instrument accepting such appointment hereunder, and thereupon such
         successor Warrant Agent, without any

                                       13
<PAGE>

         further act, deed or conveyance, shall become vested with all the
         authority, rights, powers, trusts, immunities, duties and obligations
         of such predecessor with like effect as if originally named as Warrant
         Agent hereunder, and such predecessor, upon payment of its charges and
         disbursements then unpaid, shall thereupon become obligated to
         transfer, deliver and pay over, and such successor Warrant Agent shall
         be entitled to receive, all monies, securities and other property on
         deposit with or held by such predecessor, as Warrant Agent hereunder.

                  (e) Any corporation into which the Warrant Agent hereunder may
         be merged or converted or any corporation with which the Warrant Agent
         may be consolidated, or any corporation resulting from any merger,
         conversion or consolidation to which the Warrant Agent shall be a
         party, or any corporation to which the Warrant Agent shall sell or
         otherwise transfer all or substantially all the assets and business of
         the Warrant Agent, provided that it shall be qualified as aforesaid,
         shall be the successor Warrant Agent under this Agreement without the
         execution or filing of any paper or any further act on the part of any
         of the parties hereto.

                                   ARTICLE VI
                                  MISCELLANEOUS

         SECTION 6.1 AMENDMENT. This Agreement may be amended by the parties
hereto, without the consent of the holder of any Warrant Certificate, for the
purpose of curing any ambiguity, or of curing, correcting or supplementing any
defective provision contained herein, or making any other provisions with
respect to matters or questions arising under this Agreement as the Company and
the Warrant Agent may deem necessary or desirable; provided that such action
shall not materially adversely affect the interests of the holders of the
Warrant Certificates.

         SECTION 6.2 NOTICES AND DEMANDS TO THE COMPANY AND WARRANT AGENT. If
the Warrant Agent shall receive any notice or demand addressed to the Company by
the holder of a Warrant Certificate pursuant to the provisions of the Warrant
Certificates, the Warrant Agent shall promptly forward such notice or demand to
the Company.

         SECTION 6.3 ADDRESSES. Any communication from the Company to the
Warrant Agent with respect to this Agreement shall be addressed to
[_____________], Attention: [__________] and any communication from the Warrant
Agent to the Company with respect to this Agreement shall be addressed to
RemedyTemp, Inc., 101 Enterprise, Aliso Viejo, California 92656, Attention:
Investor Relations (or such other address as shall be specified in writing by
the Warrant Agent or by the Company).

         SECTION 6.4 GOVERNING LAW. This Agreement and each Warrant Certificate
issued hereunder shall be governed by and construed in accordance with the laws
of the State of New York.

         SECTION 6.5 DELIVERY OF PROSPECTUS. The Company shall furnish to the
Warrant Agent sufficient copies of a prospectus meeting the requirements of the
Securities Act of 1933, as amended, relating to the Warrant Securities
deliverable upon exercise of the Warrants

                                       14
<PAGE>

(the "PROSPECTUS"), and the Warrant Agent agrees that upon the exercise of any
Warrant, the Warrant Agent will deliver to the holder of the Warrant Certificate
evidencing such Warrant, prior to or concurrently with the delivery of the
Warrant Securities issued upon such exercise, a Prospectus.

         The Warrant Agent shall not, by reason of any such delivery, assume any
responsibility for the accuracy or adequacy of such Prospectus.

         SECTION 6.6 OBTAINING OF GOVERNMENTAL APPROVALS. The Company will from
time to time take all action which may be necessary to obtain and keep effective
any and all permits, consents and approvals of governmental agencies and
authorities and securities act filings under United States Federal and state
laws (including without limitation a registration statement in respect of the
Warrants and Warrant Securities under the Securities Act of 1933, as amended),
which may be or become requisite in connection with the issuance, sale,
transfer, and delivery of the Warrant Securities issued upon exercise of the
Warrants, the issuance, sale, transfer and delivery of the Warrants or upon the
expiration of the period during which the Warrants are exercisable.

         SECTION 6.7 PERSONS HAVING RIGHTS UNDER WARRANT AGREEMENT. Nothing in
this Agreement shall give to any person other than the Company, the Warrant
Agent and the holders of the Warrant Certificates any right, remedy or claim
under or by reason of this Agreement.

         SECTION 6.8 HEADINGS. The descriptive headings of the several Articles
and Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

         SECTION 6.9 COUNTERPARTS. This Agreement may be executed in any number
of counterparts, each of which as so executed shall be deemed to be an original,
but such counterparts shall together constitute but one and the same instrument.

         SECTION 6.10 INSPECTION OF AGREEMENT. A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of the
Warrant Agent for inspection by the holder of any Warrant Certificate. The
Warrant Agent may require such holder to submit his Warrant Certificate for
inspection by it.

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

                                      REMEDYTEMP, INC.

                                      By:
                                          --------------------------------------

                                      Its:
                                           -------------------------------------

                                      Attest:

                                      ---------------------------------------

                                      Warrant agent

                                      By:
                                          --------------------------------------

                                      Its:
                                           -------------------------------------

                                      [SIGNATURE PAGE TO COMMON STOCK WARRANT
                                      AGREEMENT]

                                       15
<PAGE>

                                    EXHIBIT A

                           FORM OF WARRANT CERTIFICATE

                          [FACE OF WARRANT CERTIFICATE]

[Form if Warrants are attached to          Prior to             , this Warrant
Other Securities and are not               Certificate cannot be transferred or
immediately detachable.                    exchanged unless attached to a [Title
                                           of Other Securities].]

[Form of Legend if Warrants are not        Prior to             , Warrants
immediately exercisable.                   evidenced by this Warrant Certificate
                                           cannot be exercised.]

                EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT

                            AGENT AS PROVIDED HEREIN

         VOID AFTER [_______] P.M., [CITY] TIME, ON _______, __________

                                REMEDYTEMP, INC.

                        WARRANT CERTIFICATE REPRESENTING

                              WARRANTS TO PURCHASE

                    COMMON STOCK, PAR VALUE $0.01 PER SHARE

                                         ---------------------------------------
No.                                                           Warrants

         This certifies that [___________] or registered assigns is the
registered owner of the above indicated number of Warrants, each Warrant
entitling such owner [if Warrants are attached to Other Securities and are not
immediately detachable--, subject to the registered owner qualifying as a
"Holder" of this Warrant Certificate, as hereinafter defined),] to purchase, at
any time [after [_________] p.m., [City] time, on [_______] and] on or before
[________] p.m., [City] time, on __________,_____ shares of Common Stock, par
value $0.01 per share (the "WARRANT SECURITIES"), of RemedyTemp, Inc. (the
"COMPANY") on the following basis: during the period from [__________], through
and including [__________], the exercise price

                                       1
<PAGE>

per Warrant Security will be $[__________] , subject to adjustment as provided
in the Warrant Agreement (as hereinafter defined) (the "WARRANT PRICE"). The
Holder may exercise the Warrants evidenced hereby by providing certain
information set forth on the back hereof and by paying in full, in lawful money
of the United States of America, [in cash or by certified check or official bank
check in New York Clearing House funds] [by bank wire transfer in immediately
available funds], the Warrant Price for each Warrant Security with respect to
which this Warrant is exercised to the Warrant Agent (as hereinafter defined)
and by surrendering this Warrant Certificate, with the purchase form on the back
hereof duly executed, at the corporate trust office of [name of Warrant Agent],
or its successor as warrant agent (the "WARRANT AGENT"), which is, on the date
hereof, at the address specified on the reverse hereof, and upon compliance with
and subject to the conditions set forth herein and in the Warrant Agreement (as
hereinafter defined).

         The term "HOLDER" as used herein shall mean [if Warrants are attached
to Other Securities and are not immediately detachable--prior to [__________,
______] (the "DETACHABLE DATE"), the registered owner of the Company's [title of
Other Securities]to which this Warrant Certificate was initially attached, and
after such Detachable Date,] the person in whose name at the time this Warrant
Certificate shall be registered upon the books to be maintained by the Warrant
Agent for that purpose pursuant to Section 4 of the Warrant Agreement.

         The Warrants evidenced by this Warrant Certificate may be exercised to
purchase a whole number of Warrant Securities in registered form. Upon any
exercise of fewer than all of the Warrants evidenced by this Warrant
Certificate, there shall be issued to the Holder hereof a new Warrant
Certificate evidencing Warrants for the number of Warrant Securities remaining
unexercised.

         This Warrant Certificate is issued under and in accordance with the
Warrant Agreement dated as of [__________ , ___] (the "WARRANT AGREEMENT"),
between the Company and the Warrant Agent and is subject to the terms and
provisions contained in the Warrant Agreement, to all of which terms and
provisions the Holder of this Warrant Certificate consents by acceptance hereof.
Copies of the Warrant Agreement are on file at the above-mentioned office of the
Warrant Agent.

         [If Warrants are attached to Other Securities and are not immediately
detachable--Prior to the Detachable Date, this Warrant Certificate may be
exchanged or transferred only together with the [Title of Other Securities] (the
"OTHER SECURITIES") to which this Warrant Certificate was initially attached,
and only for the purpose of effecting or in conjunction with, an exchange or
transfer of such Other Security. Additionally, on or prior to the Detachable
Date, each transfer of such Other Security on the register of the Other
Securities shall operate also to transfer this Warrant Certificate. After such
date, transfer of this] [If Warrants are attached to Other Securities and are
immediately detachable--Transfer of this] Warrant Certificate may be registered
when this Warrant Certificate is surrendered at the corporate trust office of
the Warrant Agent by the registered owner or such owner's assigns, in the manner
and subject to the limitations provided in the Warrant Agreement.

                                       2
<PAGE>

         [If Other Securities with Warrants which are not immediately
detachable--Except as provided in the immediately preceding paragraph, after]
[If Other Securities with Warrants which are immediately detachable or Warrants
alone--After] countersignature by the Warrant Agent and prior to the expiration
of this Warrant Certificate, this Warrant Certificate may be exchanged at the
corporate trust office of the Warrant Agent for Warrant Certificates
representing Warrants for the same aggregate number of Warrant Securities.

         This Warrant Certificate shall not entitle the Holder hereof to any of
the rights of a holder of the Warrant Securities, including, without limitation,
the right to receive payments of dividends or distributions, if any, on the
Warrant Securities (except to the extent set forth in the Warrant Agreement) or
to exercise any voting rights.

         Reference is hereby made to the further provisions of this Warrant
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

         This Warrant Certificate shall not be valid or obligatory for any
purpose until countersigned by the Warrant Agent.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
in its name and on its behalf by the facsimile signatures of its duly authorized
officers.

REMEDYTEMP, INC.

Dated:
       --------------------------
By:
    -----------------------------
Its:
     ----------------------------
Attest:

---------------------------------

Countersigned:

---------------------------------

As warrant Agent

By:
    -----------------------------

Warrant agent

 [REVERSE OF WARRANT CERTIFICATE]

 (Instructions for Exercise of Warrant)

                                       3
<PAGE>

         To exercise any Warrants evidenced hereby for Warrant Securities (as
hereinafter defined), the Holder must pay, in lawful money of the United States
of America, [in cash or by certified check or official bank check in New York
Clearing House funds] [by bank wire transfer in immediately available funds],
the Warrant Price in full for Warrants exercised, to [Warrant Agent] [address of
Warrant Agent], Attn: [__________], which payment must specify the name of the
Holder and the number of Warrants exercised by such Holder. In addition, the
Holder must complete the information required below and present this Warrant
Certificate in person or by mail (certified or registered mail is recommended)
to the Warrant Agent at the appropriate address set forth above. This Warrant
Certificate, completed and duly executed, must be received by the Warrant Agent
within five business days of the payment.

 (To be executed upon exercise of Warrants)

         The undersigned hereby irrevocably elects to exercise [__________]
Warrants, evidenced by this Warrant Certificate, to purchase [__________] shares
of the Common Stock, par value $0.01 per share (the "WARRANT SECURITIES"), of
RemedyTemp, Inc. and represents that he has tendered payment for such Warrant
Securities, in lawful money of the United States of America, [in cash or by
certified check or official bank check in New York Clearing House funds] [by
bank wire transfer in immediately available funds], to the order of RemedyTemp,
Inc., c/o [insert name and address of Warrant Agent], in the amount of
$[________] in accordance with the terms hereof. The undersigned requests that
said Warrant Securities be in fully registered form in the authorized
denominations, registered in such names and delivered all as specified in
accordance with the instructions set forth below.

      If the number of Warrants exercised is less than all of the Warrants
evidenced hereby, the undersigned requests that a new Warrant Certificate
evidencing the Warrants for the number of Warrant Securities remaining
unexercised be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

Dated:                                  Name
       -----------------------------         -----------------------------------
                                             (Please Print)

                                        Address:
                                                 ---------------------------

                                        ------------------------------------

                                        ------------------------------------
                                        (Insert Social Security or Other
                                        Indentifying Number of Holder)

Signature Guaranteed
                       ---------------------------------------------------------
                       Signature

                                       4
<PAGE>

(Signature must conform in all respects to name of holder as specified on the
face of this Warrant Certificate and must bear a signature guarantee by a bank,
trust company or member broker of the New York, Midwest or Pacific Stock
Exchange)

This Warrant may be exercised at the following addresses:

   By Hand at
               -----------------------------------------------------------------

               -----------------------------------------------------------------

  By mail at
               -----------------------------------------------------------------

               -----------------------------------------------------------------

[Instructions as to form and delivery of Warrant Securities and, if applicable,
Warrant Certificates evidencing Warrants for the number of Warrant Securities
remaining unexercised--complete as appropriate.]

                                   ASSIGNMENT

                      [Form of assignment to be executed if

                   Warrant Holder desires to transfer Warrant)

      FOR VALUE RECEIVED, _______________hereby sells, assigns and transfers
unto:

---------------------------------------

---------------------------------------

---------------------------------------   --------------------------------------
(Please print name and address            Please insert Social Security or
including zip code)                       other identifying number

the right represented by the within Warrant to purchase [__________] shares of
[Title of Warrant Securities] of RemedyTemp, Inc. to which the within Warrant
relates and appoints [________] attorney to transfer such right on the books of
the Warrant Agent with full power of substitution in the premises.

Dated
      ---------------------------       ----------------------------------------
                                                         Signature

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

Signature Guaranteed

------------------------------------------

                                       5

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