Document:

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                                                                    EXHIBIT 10.9

                               Sublease Agreement

         This Sublease Agreement ("Sublease") is made as of the first day of
August 2000 by and between BE Aerospace, Inc., a Delaware corporation (herein
"Sublandlord") and Advanced Thermal Technologies Inc., a Delaware corporation
and wholly owned subsidiary of BE Aerospace, Inc. (herein "Subtenant").

                                    RECITALS

         This Sublease is made with regard to the following facts:

         A.       Sublandlord is the tenant under the Standard
Industrial/Commercial Single-Tenant Lease-Net (herein the "Master Lease"), dated
October 1998, with Kilroy Realty, L.P., a Delaware limited partnership (herein
the "Master Landlord"). A copy of that Master Lease is attached to this Sublease
and marked as Exhibit A. Under the Master Lease, Sublandlord leases Building 5
of Anaheim Technology Center located at 3355 East La Palma Avenue, Anaheim,
California, 92806, which includes approximately 98,200 square feet of Floor
Area, as improved, the Exclusive Use Areas and the Lessee Parking Areas (as such
terms are defined in the Master Lease), which building and areas are
collectively referred to herein as the "Premises".

         B.       Subtenant desires to sublease from Sublandlord a portion of
the Premises for Subtenant's exclusive use and occupancy, as well as the
nonexclusive use of the Premises' corridors, hallways, stairwells, elevators,
lobby(s), lunch rooms, conference and meeting rooms, shipping and receiving
docks, Exclusive Use Areas and Lessee Parking Areas (collectively the "Subleased
Premises"), which Subleased Premises are more particularly described in Exhibit
B attached to this Sublease. Sublandlord has agreed to sublease the Subleased
Premises to Subtenant on the terms, covenants and conditions stated in this
Sublease.

         NOW, THEREFORE, in consideration of the mutual covenants contained in
this Sublease, and for valuable consideration, the receipt and sufficiency of
which are acknowledged by the parties, the parties agree as follows:

         1. Sublease. Sublandlord subleases to Subtenant and

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Subtenant subleases from Sublandlord the Subleased Premises, subject to the
terms, covenants, and conditions contained in this Sublease. Sublandlord and
Subtenant agree that the Subleased Premises shall, among other things, contain
up to 20,000 square feet of Floor Area for Subtenant's exclusive use and
occupancy as more particularly described in Exhibit B attached to this Sublease.

         2. Term. The terms and provisions of this Sublease shall be
effective between Sublandlord and Subtenant as of the date of this Sublease. The
term of this Sublease will commence on August 01, 2000, and will expire July 31,
2005, unless sooner terminated by Subtenant upon six (6) months written notice
to Sublandlord.

         3. Rent. Subtenant will pay rent during the term of this Sublease in
the amount of $25,000.00 dollars per month ("Rent"), payable monthly in advance
on the first business day of each month. Furthermore, in the event that the term
of this Sublease begins or ends on a date that is not the first day of a month,
Rent will be prorated as of that date.

                  The monthly Rent payable under this section of the Sublease is
inclusive of all real property taxes relating to the Subleased Premises, all
operating, utility, security, janitorial and maintenance costs and expenses
relating to Subtenant's use and occupancy of the Subleased Premises, the
premises' common areas, the Exclusive Use Areas and the Lessee Parking Areas, as
well as all premiums and costs for real property insurance covering the Premises
and the Subleased Premises. Concurrent with Subtenant's execution of this
Sublease, Subtenant will deliver to Sublandlord the first month's Rent in the
amount of $25,000.00.

         4. Additional Rent. Subtenant acknowledges that during the term of this
Sublease should it need more than 20,000 square feet of Floor Area (as defined
in the Master Lease) for its exclusive use and occupancy and/or adds a second or
third shift to its manufacturing operations, then rent, in additional to the
Rent set forth in section 3 above, would be due from it to Sublandlord.

                  The amount of the additional rent will be mutually agreed to
by Sublandlord and Subtenant and will relate to the amount of additional Floor
Area needed by Subtenant and/or the increase in operating, utility, janitorial,
maintenance,

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security expenses attributed to a second or third shift. If Subtenant and
Sublandlord are unable to agree to the amount of additional rent, then such
issue shall be promptly submitted by the parties to this Sublease to binding
arbitration through the American Arbitration Association, which entity shall
decide the issue using a panel of three arbitrators in accordance with its
standard rules and procedures. The cost of the arbitration shall be borne
equally by Subtenant and Sublandlord. Subtenant agrees to pay the additional
rent to Sublandlord monthly along with the Rent due under section 3 of this
Sublease.

         5. Use. Subtenant agrees to use the Subleased Premises in accordance
with paragraph 1.8 of the Master Lease entitled Permitted Use, and for no other
purpose.

         6. Master Lease. As between the parties to this Sublease only, in the
event of a conflict between the terms of the Master Lease referenced herein and
the terms of this Sublease, the terms of this Sublease shall control.

         7. Performance by Sublandlord; Status of Master Lease.

                  7.1. Subtenant will not have any claim against Sublandlord
based on the Master Landlord's failure or refusal to comply with any of the
provisions of the Master Lease unless that failure or refusal is a result of
Sublandlord's act or failure to act.

                  7.2 Obtaining Master Landlord's Consent. Whenever the consent
of the Master Landlord is required under the Master Lease, Sublandlord agrees to
use its reasonable, good faith efforts to obtain that consent or performance on
behalf of Subtenant.

                  7.3 No Existing Defaults. Sublandlord represents and warrants
to Subtenant that the Master Lease is in full force and effect, and Sublandlord
has neither given nor received a notice of default under the Master Lease.

                  7.4 Preservation of Master Lease. Sublandlord agrees not to
terminate the Master Lease voluntarily, or modify the Master Lease in a manner
that adversely affects Subtenant's rights under this Sublease. Subtenant and
Sublandlord will each refrain from any act or omission that would result in a
breach of any of the covenants, provisions, or conditions of the Master Lease on
the part of the Lessee under the Master Lease.

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         8. Brokers. The parties to this Sublease represent and warrant to each
other that neither party dealt with any broker or finder in connection with the
consummation of this Sublease.

         9. Insurance and Condemnation.

                  9.1 Liability Insurance. Subtenant shall obtain and keep in
force during the term of this Sublease, either by a separate policy or an
endorsement to an existing policy, a Commercial General Liability policy of
insurance protecting Subtenant against claims for bodily injury and property
damage based upon, involving or arising out of the use, occupancy or maintenance
of the Subleased Premises and all areas appurtenant thereto, with coverage in an
amount not lees than $1,000,000 per occurrence.

                  9.2 Subtenant Property Insurance. Subtenant at its cost shall
either by a separate policy or an endorsement to an existing policy maintain
insurance coverage on all of Subtenant's personal property in or about the
Subleased Premises in such amounts and with such deductibles as deemed prudent
by Subtenant.

                  9.3 Condemnation Proceeds. Despite anything contained in the
Master Lease to the contrary, as between Sublandlord and Subtenant, in the event
of damage to or condemnation of the Subleased Premises, all insurance proceeds
or condemnation awards actually received by Sublandlord under the Master Lease
with respect thereto shall be deemed to be the property of Subtenant. In the
event of damage to or condemnation of the Subleased Premises, however,
Sublandlord will have no obligation to rebuild or restore the Subleased
Premises.

         10. Environmental Compliance.

                  10.1 Subtenant's Obligations.

                    (a) Subtenant agrees that it will remediate both during and
following the term of this Sublease, to the satisfaction of the applicable Laws,
any release into, on or about the Subleased Premises of Hazardous Substance (as
such term is defined in the Master Lease) that is required to be remediated
under applicable Laws, to the extent such release

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results from Subtenant's use of the Subleased Premises. In those instances where
Subtenant has a duty to remediate pursuant to the immediately preceding
sentence, Subtenant shall commence the process necessary for such remediation
with reasonable promptness following the receipt of written notice from
Sublandlord or any applicable governmental or regulatory agency to the
governmental requirement for such remediation, and thereafter shall pursue such
remediation to completion with reasonable promptness. Subtenant agrees that any
such remediation required under this section 10.1 shall be conducted in a manner
consistent with the standard of remediation applied to similar contaminations
with respect to comparable commercial projects in California. Notwithstanding
any provision of this section 10.1 to the contrary, (i) Subtenant shall not be
responsible for any current, pre-existing or future contamination of the
Subleased Premises by Hazardous Substances to the extent such contamination did
not result from Subtenant's use of the Subleased Premises, and (ii) Subtenant
shall have no obligation to pay to or reimburse Sublandlord for (or otherwise
bear) any expense, cost or liability with respect to such contamination to the
extent the same did not result from Subtenant's use of the Subleased Premises.

                  (b) In any case where Subtenant is required to remediate (or
bear the cost of remediating) any Hazardous Substance in, on or about the
Subleased Premises (i) Subtenant shall be permitted to supervise investigation
of the extent of the release of Hazardous Substance in question, (ii) Subtenant
shall be permitted, subject to the reasonable approval Sublandlord, to structure
and negotiate the remediation plan to be submitted to and approved by the
governmental authorities having jurisdiction, and (iii) Subtenant shall be
permitted to supervise the actual remediation. In connection with the foregoing,
Subtenant shall be provided, free of charge, with reasonable access to all
portions of the Subleased Premises possibly relevant to the foregoing
activities, including reasonable access beyond the term of the Sublease.

         11. Amounts Payable. All amounts payable under this Sublease by
Subtenant are payable directly to Sublandlord.

         12. Provisions of Master Lease Not Applicable. The provisions of the
Master Lease, except as otherwise provided herein, do not apply to this
Sublease.

         13. "As-Is." Sublandlord will deliver the Subleased

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Premises to Subtenant in their current "as is" and "where is" condition.
Notwithstanding the foregoing, Sublandlord warrants to Subtenant that, as of
August 01, 2000, the Subleased Premises are free of defects and in good
operating condition and are in compliance with all applicable Laws, as defined
in this Sublease. If any non-compliance with said warranty or warranties exists,
Sublandlord shall promptly after receipt of notice from either Subtenant, or any
other third party as applicable, setting forth the nature and extent of such
non-compliance, rectify the same at Sublandlord's sole expense.

         14. Subtenant's Furniture and Equipment. Sublandlord and Subtenant
agree that the Subleased Premises contain the furniture and equipment listed on
Exhibit C to this Sublease (herein the "Furniture and Equipment"), which
Furniture and Equipment are the sole property of Subtenant and will remain the
sole property of Subtenant on the expiration and/or earlier termination of this
Sublease. It is expected that Subtenant will bring additional furniture and
equipment to the Subleased Premises during the term of the Sublease, and that
Exhibit C will be amended from time to time to reflect such additional property.
Subtenant has the authority and right to reasonably remove the Furniture and
Equipment from the Subleased Premises in its sole discretion.

         15. Compliance with Laws and Rules/Regulations. Subtenant shall, at
Subtenant's expense, comply with all applicable statutes, ordinances, rules,
regulations, orders, covenants and restrictions (herein collectively the Laws)
in effect during the term of this Sublease, relating to the specific use or
occupation of the Subleased Premises by Subtenant. Subtenant shall also observe
and comply with the Rules and Regulations set forth in Exhibit F to the Master
Lease, and all reasonable non-discriminatory modifications thereof and additions
thereto from time to time put into effect by the Master Landlord and furnished
to Subtenant by Sublandlord.

         16. Subtenant Indemnity. Upon timely notice from Sublandlord, Subtenant
agrees to protect, defend, indemnify, and hold harmless Sublandlord from and
against any and all liabilities, claims, expenses, losses and damages (including
reasonable attorney fees and costs), that may at any time be asserted against
Sublandlord by (a) the Master Landlord for failure of Subtenant to perform any
of the covenants, agreements, terms, provisions, or conditions contained in this
Sublease, or (b) any third party as a result of Subtenant's

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wrongful use or occupancy of the Subleased Premises; except to the extent any of
the foregoing is caused by the negligence or willful misconduct of Sublandlord.
In the event any action or proceeding is brought against Sublandlord by reason
of any claim under this section 16, Subtenant, upon timely notice from
Sublandlord, shall defend the same at Subtenant's expense by counsel reasonably
satisfactory to Sublandlord. The provisions of this section 16 will survive the
expiration or earlier termination of the Master Lease or this Sublease.

         17. Sublandlord Indemnity. Upon timely notice from Subtenant,
Sublandlord agrees to protect, defend, indemnify, and hold harmless Subtenant
from and against any and all liabilities, claims, expenses, losses and damages
(including reasonable attorney fees and costs), that may at any time be asserted
against Subtenant by any third party, including the Master Landlord, as a result
of Sublandlord's use or occupancy of the Premises, except to the extent any of
the foregoing is caused by the negligence or willful misconduct of Subtenant. In
the event any action or proceeding is brought against Subtenant by reason of any
claim under this section 17, Sublandlord, upon timely notice from Subtenant,
shall defend the same at Sublandlord's expense by counsel reasonably
satisfactory to Subtenant. The provisions of this section 17 will survive the
expiration or earlier termination of the Master Lease or this Sublease.

         18. Notices. Any notice that may or must be given by either party under
this Sublease will be delivered (i) personally, (ii) by certified mail, return
receipt requested, or (iii) by a nationally recognized overnight courier,
addressed to the party to whom it is intended. Any notice given to Sublandlord
or Subtenant shall be sent to the respective address set forth on the signature
page below, or to such other address as that party may designate for service of
notice by a notice given in accordance with the provisions of this section 18. A
notice sent pursuant to the terms of this section 18 shall be deemed delivered
(A) when delivery is completed, if delivered personally, (B) three (3) business
days after deposit into the United States mail, or (C) the business day
following deposit with a nationally recognized overnight courier if the delivery
is marked for delivery "next business day."

         19. Certificates. Each party to this Sublease will, from time to time
as requested by the other party, on not less than thirty (30) days written
notice, execute, acknowledge, and

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deliver to the other party a statement in writing certifying that this Sublease
is unmodified and in full force and effect (or if there have been modifications
that this Sublease is in full force and effect as modified and stating the
modifications). That statement will certify the dates to which Rent, additional
rent, and any other charges have been paid. That statement will also state
whether, to the knowledge of the person signing the certificate, the other party
is in default in the performance of any of its obligations under this Sublease.
If the other party is in default, the statement will specify each default of
which the signer then has knowledge. It is intended that others with whom the
party requesting the certificate may be dealing may rely on this statement.

         20. Assignments or Subleasing. Subtenant is not entitled to assign this
Sublease or to sublet all or any portion of the Subleased Premises without the
prior written consent of Sublandlord, which consent may be withheld by
Sublandlord for no reason or any reason.

         21. Signage. Subtenant, at its expense, shall the right to place any
sign upon the interior and exterior of the Subleased Premises, as well as any
monument signs on East La Palma Avenue, to the extent of and consistent with
Sublandlord's signage rights and obligations contained in paragraph 34(a) and
(b) the Master Lease (section 27 of the Addendum to the Master Lease).

         22. Limitation on Liability. The obligations of Sublandlord and
Subtenant under this Sublease do not constitute personal obligations of the
individual partners, directors, officers, members or shareholders of Sublandlord
or Subtenant, and neither party shall seek recourse against the individual
partners, directors, officers, members or shareholders of the other party.

         23. General Provisions.

                  23.1. Severability. If any provision of this Sublease or the
application of any provision of this Sublease to any person or circumstance is,
to any extent, held to be invalid or unenforceable, the remainder of this
Sublease or the application of that provision to persons or circumstances other
than those as to which it is held invalid or unenforceable, will not be
affected, and each provision of this Sublease will be valid and be enforced to
the fullest extent permitted by law.

                  23.2. Entire Agreement; Waiver. This Sublease

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constitutes the final, complete and exclusive statement between the parties to
this Sublease pertaining to the Subleased Premises, supersedes all prior and
contemporaneous understandings or agreements of the parties, and is binding on
and inures to the benefit of their respective heirs, representatives,
successors, and assigns. No party has been induced to enter into this Sublease
by, nor is any party relying on any representation or warranty outside those
expressly set forth in this Sublease. Any agreement made after the date of this
Sublease is ineffective to modify, waive, release, terminate, or effect an
abandonment of this Sublease, in whole or in part, unless that agreement is in
writing, is signed by the parties to this Sublease, and specifically states that
agreement modifies this Sublease.

                  23.3 Captions. Captions to the sections in this Sublease are
included for convenience only and do not modify any of the terms of this
Sublease.

                  23.4 Further Assurances. Each party to this Sublease will at
its own cost and expense execute and deliver such further documents and
instruments and will take such other actions as may be reasonably required or
appropriate to evidence or carry out the intent and purposes of this Sublease.

                  23.5. Governing Law. This Sublease will be governed by and in
all respects construed in accordance with the laws of the State of California.

                  23.6. Consent of Landlord. The Master Landlord's written
consent to this Sublease is not required pursuant to section 12.1 (f) of the
Master Lease. Subtenant is a wholly owned subsidiary of Sublandlord and
Sublandlord is not assigning the Master Lease to Subtenant.

                  23.7. Capitalized Terms. All terms spelled with initial
capital letters in this Sublease that are not expressly defined in this Sublease
will have the respective meanings given such terms in the Master Lease to the
extent applicable.

                  23.8. Word Usage. Unless the context clearly requires
otherwise, (a) the plural and singular numbers will each be deemed to include
the other; (b) the masculine, feminine, and neuter genders will each be deemed
to include the others; (c) "shall," "will," "must," "agrees," and "covenants"
are each mandatory; (d) "may" is permissive; (e) "or" is not

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exclusive; and (f) "includes" and "including" are not limiting.

The parties have executed this Sublease as of the date specified above.

Sublandlord:

BE Aerospace, Inc.,
a Delaware corporation

By:      /s/ J. Holtzman
     --------------------------

Its:     Vice President
     --------------------------

Address of Sublandlord:

1400 Corporate Center Way
Wellington, FL 33414
TEL: (561)791-5000
FAX: (561)791-3966

Subtenant:

Advanced Thermal Technologies Inc.,
a Delaware corporation

By:      /s/ Bruce Thayer
     --------------------------

Its:     President
     --------------------------

Address of Subtenant:

3355 East La Palma Avenue
Anaheim, CA 92806
TEL:(714)688-4200
FAX:(714)688-4153

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         EXHIBIT A

         Master Lease.

         EXHIBIT B

         Description of Subleased Premises subject to Subtenant's exclusive use
         and occupancy.

         EXHIBIT C

         Subtenant's list of Furniture and Equipment.

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                                                                   EXHIBIT 10.11

                                                                  EXECUTION COPY

                          REGISTRATION RIGHTS AGREEMENT

                  REGISTRATION RIGHTS AGREEMENT dated as of July 31, 2000 (this
"Agreement") between ADVANCED THERMAL TECHNOLOGIES, INC., a Delaware corporation
(the "Company"), and B/E AEROSPACE, INC., a Delaware corporation (the
"Stockholder").

                  WHEREAS, the Stockholder owns all of the issued and
outstanding shares of the capital stock of the Company;

                  WHEREAS, the Company intends to conduct an initial public
offering (the "Public Offering") of shares of its Class A common stock; and

                  WHEREAS, the Company and the Stockholder have agreed to enter
into this Agreement prior to the completion of the Public Offering.

                  NOW, THEREFORE, in consideration of the foregoing and the
mutual convenants and agreements herein contained, and intending to be legally
bound hereby, the parties hereto hereby agree as follows:

                  1.       Certain Definitions.  The following terms, as used
herein, have the following meanings:

                  "Affiliate" of a Holder means a Person who controls, is
         controlled by or is under common control with such Holder or the spouse
         or children (or a trust exclusively for the benefit of a spouse and/or
         children) of such Holder or, in the case of a Holder that is a
         partnership, its partners.

                  "Agreement" has the meaning set forth in the preamble to this
         agreement.

                  "Class A Common Stock" means the common stock of the Company,
         $0.01 par value per share, designated Class A.

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                                       2

                  "Class A Shares" means any shares of the Class A Common Stock
         issued upon the conversion of any Class B Common Stock in accordance
         with the Amended and Restated Certificate of Incorporation of the
         Company, as amended.

                  "Class B Common Stock" means the common stock of the Company,
         $0.01 par value per share, designated Class B.

                  "Class B Shares" means the 10,000,000 shares of the Class B
         Common Stock owned by the Stockholder as of the date of this Agreement.

                  "Common Stock" means all classes of the common stock of the
         Company.

                  "Company" has the meaning set forth in the preamble to this
         Agreement.

                  "Exchange Act" means the Securities Exchange Act of 1934, as
         amended, or any similar federal statute, as the same shall be in effect
         at the time.

                  "Holder" means the Stockholder or any assignee thereof to whom
         the rights under this Agreement are assigned in accordance with the
         provisions of Section 12.

                  "Initiating Holders" has the meaning set forth in Section
         2(a).

                  "Minimum Demand Amount" has the meaning set forth in Section
         2(a).

                  "Person" means an individual, corporation, partnership,
         limited partnership, syndicate, person (including, without limitation,
         a "person" as defined in Section 13(d)(3) of the Exchange Act), trust,
         association or entity or government, political subdivision, agency or
         instrumentality of a government.

                  "PORTAL" has the meaning set forth in Section 8(b).

                  "register," "registered" and "registration" refer to a
         registration effected by preparing and filing a registration statement
         or similar document in compliance with the Securities Act and the
         declaration or ordering of effectiveness of such registration statement
         or document.

                  "Registrable Stock" means (a) the Class B Shares, (b) the
         Class A Shares, (c) any other shares of Class B Common Stock or Class A
         Common Stock which the Holders may hold from time to time, and (d) any
         Common Stock issued or issuable in respect of Common Stock referred to
         in clauses (a), (b) or (c) or this clause (d) by way of a stock
         dividend or stock split or in connection with a combination or
         subdivision of

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                                       3

         shares, reclassification, recapitalization, merger, consolidation or
         other reorganization of the Company. For purposes of this Agreement,
         any Registrable Stock shall cease to be Registrable Stock when (1) a
         registration statement covering such Registrable Stock has been
         declared effective and such Registrable Stock has been disposed of
         pursuant to such effective registration statement, (2) such Registrable
         Stock is sold by a Person in a transaction in which the rights under
         the provisions of this Agreement are not assigned or (3) such
         Registrable Stock may be sold pursuant to Rule 144(k) (or any similar
         provision then in force under the Securities Act) without registration
         under the Securities Act.

                  "Registration Date" means the date upon which a registration
         statement pursuant to which the Company shall have initially registered
         shares of the Class A Common Stock under the Securities Act for sale to
         the public shall have been declared effective.

                  "SEC" means the Securities and Exchange Commission.

                  "Securities Act" means the Securities Act of 1933, as amended,
         or any similar federal statute, as the same shall be in effect at the
         time.

                  "Stockholder" has the meaning set forth in the preamble to
         this Agreement.

                  2.       Demand for Registration.

                  (a)      The Holders of Registrable Stock (the "Initiating
         Holders") may demand in a written notice that the Company file a
         registration statement under the Securities Act (or a similar document
         pursuant to any other statute then in effect corresponding to the
         Securities Act) covering the registration of any or all Registrable
         Stock held by such Initiating Holders in the manner specified in such
         notice. Holders of Registrable Stock may initiate any number of demands
         for registration under this Section 2(a), provided that the amount of
         Registrable Stock included in each such registration shall be equal to
         at least 500,000 shares of Common Stock (the "Minimum Demand Amount")
         and at least 1,200,000 shares of Registrable Stock are outstanding
         immediately prior to such demand. Following receipt of any notice under
         this Section 2 the Company shall (x) within twenty (20) days notify all
         other Holders of such request in writing and (y) use its best efforts
         to cause to be registered under the Securities Act, subject to the
         proviso of the immediately preceding sentence, all Registrable Stock
         that the Initiating Holders and such other Holders have demanded,
         within ten (10) days after the Company has given such notice, be
         registered in accordance with the manner of disposition specified in
         such notice by the Initiating Holders. Notwithstanding anything to the
         contrary in this Section 2, if the managing underwriter (or, in the
         case of a non-underwritten offering, the Company) has informed the
         Holders of Registrable Stock

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                                       4

         requesting inclusion in such offering (and the Company in the case of
         an underwritten offering) that in such underwriter's opinion (or, in
         the case of a non-underwritten offering, the opinion of the Company)
         the total number of securities which the Holders of Registrable Stock
         and any other Persons desiring to participate in such registration
         intend to include in such offering is such as could materially and
         adversely affect the success of such offering, including the price at
         which such securities can be sold, then the Company will be required to
         include in such registration only the amount of securities which it is
         so advised (or, in the case of a non-underwritten offering, that it
         reasonably determines) should be included in such registration and in
         such event securities shall be registered in the offering in the
         following order of priority: (i) first, the securities which have been
         requested to be included in such registration by the Holders of
         Registrable Stock pursuant to this Agreement (pro rata based upon the
         aggregate amount of securities then held); (ii) second, provided that
         no securities of such Persons referred to in the immediately preceding
         clause (i) have been excluded from such registration, the securities of
         other Persons entitled to exercise participatory registration rights
         pursuant to contractual commitments of the Company (pro rata based upon
         the aggregate amount of securities then held) and are not included in
         the immediately preceding clause (i), and (iii) third, provided that no
         securities of any other Person have been excluded from such
         registration, the securities which the Company proposes to register.

                  (b)      If the Initiating Holders intend to have the
         Registrable Stock distributed by means of an underwritten offering, the
         Company shall include such information in the written notice referred
         to in clause (x) of Section 2(a). In such event, the right of any
         Holder to include its Registrable Stock in such registration shall be
         conditioned upon such Holder's participation in such underwritten
         offering and the inclusion of such Holder's Registrable Stock in the
         underwritten offering (unless otherwise mutually agreed by a majority
         in voting interest of the Initiating Holders and such Holder) on the
         terms provided below. All Holders proposing to distribute Registrable
         Stock through such underwritten offering shall enter into an
         underwriting agreement in customary form with the underwriter or
         underwriters. Such underwriter or underwriters shall be selected by a
         majority in voting interest of the Initiating Holders and shall be
         approved by the Company, which approval shall not be unreasonably
         withheld, provided that (i) all of the representations and warranties
         by, and the other agreements on the part of, the Company to and for the
         benefit of such underwriters shall also be made to and for the benefit
         of such Holders of Registrable Stock, (ii) any or all of the conditions
         precedent to the obligations of such underwriters under such
         underwriting agreement shall be conditions precedent to the obligations
         of such Holders of Registrable Stock, and (iii) no Holder shall be
         required to make any representations or warranties to or agreements
         with the Company or the underwriters other than representations,
         warranties or agreements regarding such Holder, the Registrable Stock
         of such Holder

<PAGE>   5
                                       5

         and such Holder's intended method of distribution and any other
         representations required by law or reasonably required by the
         underwriter or the Company. If any Holder of Registrable Stock
         disapproves of the terms of the underwriting, such Holder may elect to
         withdraw all its Registrable Stock by written notice to the Company,
         the managing underwriter and the Initiating Holders. The Registrable
         Stock so withdrawn shall also be withdrawn from registration. If, as a
         result of such withdrawal, the amount of Registrable Stock to be
         included in the offering is less than the Minimum Demand Amount, the
         Company shall not be required to proceed with such offering.

                  (c)      Notwithstanding any provision of this Agreement to
         the contrary, the Company shall not be required to effect a
         registration pursuant to this Section 2 during the period starting with
         the date of filing by the Company of, and ending on a date ninety (90)
         days following the effective date of, a registration statement
         pertaining to a public offering of securities (x) for the account of
         the Company or (y) on behalf of selling stockholders under any other
         registration rights agreement, which, in the case of each of (x) and
         (y), the Holders have been entitled to join pursuant to Section 3 of
         this Agreement; provided that the Company shall actively employ best
         efforts to cause such registration statement to become effective as
         soon as possible.

                  3.       Participatory Registration.

                  (a)      If at any time the Company determines that it shall
         file a registration statement under the Securities Act (other than a
         registration statement on Form S-4 or S-8 or filed in connection with
         an exchange offer or an offering of securities solely to the Company's
         existing stockholders) on any form that would also permit the
         registration of the Registrable Stock and such filing is to be on its
         behalf and/or on behalf of selling holders of its securities for the
         general registration of its Common Stock to be sold for cash, the
         Company shall each such time promptly give each Holder written notice
         of such determination setting forth the date on which the Company
         proposes to file such registration statement, which date shall be no
         earlier than thirty (30) days from the date of such notice, and
         advising each Holder of its right to have Registrable Stock included in
         such registration. Upon the written request of any Holder received by
         the Company no later than fifteen (15) days after the date of receipt
         of the Company's notice, the Company shall use its best efforts to
         cause to be registered under the Securities Act all of the Registrable
         Stock that each such Holder has so requested in such written request to
         be registered.

                  (b)      In a registration pursuant to Section 3(a) hereof, if
         the managing underwriter (or, in the case of a non-underwritten
         offering, the Company) has informed the Holders of Registrable Stock
         requesting inclusion in such offering (and the Company in the case of
         an underwritten offering) that in such underwriter's opinion

<PAGE>   6
                                       6

         (or, in the case of a non-underwritten offering, the opinion of the
         Company) the total number of securities which the Company, the Holders
         of Registrable Stock and any other Persons desiring to participate in
         such registration intend to include in such offering is such as could
         materially and adversely affect the success of such offering, including
         the price at which such securities can be sold, then the Company will
         be required to include in such registration only the amount of
         securities which it is so advised (or, in the case of a
         non-underwritten offering, that it reasonably determines) should be
         included in such registration. In such event: (1) in cases where the
         registration for sale of securities is initiated by the Company in
         order to sell securities for the Company's own account, securities
         shall be registered in such offering in the following order of
         priority: (i) first, the securities which the Company proposes to
         register, (ii) second, provided that no securities sought to be
         included by the Company have been excluded from such registration, the
         securities which have been requested to be included in such
         registration by the Holders of Registrable Stock pursuant to this
         Agreement (pro rata based upon the aggregate amount of securities then
         held), and (iii) third, provided that no securities sought to be
         included by the Company or the Holders of Registrable Stock have been
         excluded from such registration, the securities of other Persons
         entitled to exercise participatory registration rights pursuant to
         contractual commitments of the Company (pro rata based upon the
         aggregate amount of securities then held) and are not included in the
         immediately preceding clause (ii); and (2) in cases where the
         registration for sale of securities is initiated by any other Person
         (other than a Holder), securities shall be registered in such offering
         in the following order of priority: (i) first, the securities of any
         Person whose exercise of a "demand" registration right pursuant to a
         contractual commitment of the Company is the basis for the
         registration, (ii) second, provided that no securities of such Person
         referred to in the immediately preceding clause (i) have been excluded
         from such registration, the securities which have been requested to be
         included in such registration by the Holders of Registrable Stock
         pursuant to this Agreement, (iii) third, provided that no securities of
         such Persons referred to in the immediately preceding clause (i) or
         (ii) have been excluded from such registration, the securities of other
         Persons entitled to exercise participatory registration rights pursuant
         to contractual commitments of the Company (pro rata based upon the
         aggregate amount of securities then held) and are not included in the
         immediately preceding clause (ii) and (iv) fourth, provided that no
         securities of any other Person have been excluded from such
         registration, the securities which the Company proposes to register.

                  4.       Obligations of the Company.  Whenever required under
this Agreement to use its best efforts to effect the registration of any
Registrable Stock, the Company shall, as expeditiously as possible:

<PAGE>   7
                                       7

                  (a)      prepare and file with the SEC a registration
         statement signed, pursuant to Section 6(a) of the Securities Act, by
         the officers and directors of the Company with respect to such
         Registrable Stock and use its best efforts to cause such registration
         statement to become and remain effective for the period of the
         distribution contemplated thereby determined as hereinafter provided;

                  (b)      prepare and file with the SEC such amendments and
         supplements to such registration statement signed, pursuant to Section
         6(a) of the Securities Act, by the officers and directors of the
         Company and the prospectus used in connection therewith as may be
         necessary to comply with the provisions of the Securities Act with
         respect to the disposition of all Registrable Stock covered by such
         registration statement;

                  (c)      furnish to the Holders such numbers of copies of the
         registration statement and the prospectus included therein (including
         each preliminary prospectus and any amendments or supplements thereto
         in conformity with the requirements of the Securities Act) and such
         other documents and information as they may reasonably request;

                  (d)      use its best efforts to register or qualify the
         Registrable Stock covered by such registration statement under such
         other securities or blue sky laws of such jurisdiction within the
         United States and Puerto Rico as shall be reasonably appropriate for
         the distribution of the Registrable Stock covered by the registration
         statement; provided, however, that the Company shall not be required in
         connection therewith or as a condition thereto to qualify to do
         business in, subject itself to general taxation by or to file a general
         consent to service of process in any jurisdiction wherein it would not
         but for the requirements of this paragraph (d) be obligated to do so;
         and provided further that the Company shall not be required to qualify
         such Registrable Stock in any jurisdiction in which the securities
         regulatory authority requires that any Holder submit any shares of its
         Registrable Stock to the terms, provisions and restrictions of any
         escrow, lockup or similar agreement(s) for consent to sell Registrable
         Stock in such jurisdiction unless such Holder agrees to do so;

                  (e)      furnish, at least five business days before filing a
         registration statement, to counsel designated by the Holders of
         Registrable Stock covered by the registration statement, a copy of the
         registration statement proposed to be filed and the prospectus relating
         thereto or any amendments or supplements relating to such a
         registration statement or prospectus (it being understood that such
         five-business-day period need not apply to successive drafts of the
         same document proposed to be filed so long as such successive drafts
         are supplied to such counsel in advance of the proposed filing by a
         period of time that is reasonable under the circumstances);

<PAGE>   8
                                       8

                  (f)      promptly notify each Holder for whom such Registrable
         Stock is covered by such registration statement, at any time when a
         prospectus relating thereto is required to be delivered under the
         Securities Act, of the happening of any event as a result of which the
         prospectus included in such registration statement, as then in effect,
         includes an untrue statement of a material fact or omits to state any
         material fact required to be stated therein or necessary to make the
         statements therein not misleading in light of the circumstances under
         which they were made, and at the request of any such Holder promptly
         prepare and furnish to such Holder a reasonable number of copies of a
         supplement to or an amendment of such prospectus as may be necessary so
         that, as thereafter delivered to the purchasers of such securities,
         such prospectus shall not include an untrue statement of a material
         fact or omit to state a material fact required to be stated therein or
         necessary to make the statements therein not misleading in light of the
         circumstances under which they were made;

                  (g)      use best efforts to furnish, at the request of any
         Holder demanding registration of Registrable Stock pursuant to this
         Agreement, if the method of distribution is by means of an
         underwriting, on the date that the shares of Registrable Stock are
         delivered to the underwriters for sale pursuant to such registration,
         or if such Registrable Stock is not being sold through underwriters, on
         the date that the registration statement with respect to such shares of
         Registrable Stock becomes effective, (i) a signed opinion, dated such
         date, of the independent legal counsel representing the Company for the
         purpose of such registration, addressed to the underwriters, if any,
         and if such Registrable Stock is not being sold through underwriters,
         then to the Holders making such request, as to such matters as such
         underwriters or the Holders holding a majority of the Registrable Stock
         included in such registration, as the case may be, may reasonably
         request and as would be customary in such a transaction; and (ii)
         letters dated such date and the date the offering is priced from the
         independent certified public accountants of the Company, addressed to
         the underwriters, if any, and if such Registrable Stock is not being
         sold through underwriters, then to the Holders making such request and,
         if such accountants refuse to deliver such letters to such Holders,
         then to the Company (A) stating that they are independent certified
         public accountants within the meaning of the Securities Act and that,
         in the opinion of such accountants, the financial statements and other
         financial data of the Company included in the registration statement or
         the prospectus, or any amendment or supplement thereto, comply as to
         form in all material respects with the applicable accounting
         requirements of the Securities Act and (B) covering such other
         financial matters (including information as to the period ending not
         more than five business days prior to the date of such letters) with
         respect to the registration in respect of which such letter is being
         given as such underwriters or the Holders holding a majority of the
         Registrable Stock included in such registration, as the case may be,
         may reasonably request and as would be customary in such a transaction;

<PAGE>   9
                                       9

                  (h)      enter into customary agreements (including if the
         method of distribution is by means of an underwriting, an underwriting
         agreement in customary form) and take such other actions as are
         reasonably required in order to expedite or facilitate the disposition
         of the Registrable Stock to be so included in the registration
         statement;

                  (i)      otherwise use its best efforts to comply with all
         applicable rules and regulations of the SEC, and make available to its
         security holders, as soon as reasonably practicable, but not later than
         eighteen (18) months after the effective date of the registration
         statement, an earnings statement covering the period of at least twelve
         (12) months beginning with the first full month after the effective
         date of such registration statement, which earnings statement shall
         satisfy the provisions of Section 11(a) of the Securities Act;

                  (j)      use its best efforts to list the Registrable Stock
         covered by such registration statement with any securities exchange on
         which the Common Stock is then listed;

                  (k)      use its best efforts to cause its senior officers to
         participate in any "road show" in connection with the disposition of
         the Registrable Stock to be so included in the registration statement;

                  (l)      provide a transfer agent and registrar (which may be
         the same entity and which may be the Company) for such Registrable
         Stock;

                  (m)      issue to any underwriter to which the Holders of such
         Registrable Stock may sell shares in such offering certificates
         evidencing such Registrable Stock; and

                  (n)      subject to all the other provisions of this
         Agreement, use its best efforts to take all other steps necessary to
         effect such registration of such Registrable Stock contemplated hereby.

For purposes of Sections 4(a) and 4(b), the period of distribution of
Registrable Stock shall be deemed to extend until the earlier of (i) the sale of
all Registrable Stock covered thereby or, in the case of a firm commitment
underwritten public offering, the distribution of all securities purchased by
the underwriters and (ii) six (6) months after the effective date thereof.

                  5.       Suspension of Registration Statement. The Company may
delay or suspend for a period of up to sixty (60) days the filing or
effectiveness of any registration statement referred to in Section 2 or 3 and
the use of the prospectus included therein if such suspension is effected in
good faith and for valid business reasons (not including avoidance of the
Company's obligations hereunder), including the acquisition or divestiture of
assets, the

<PAGE>   10
                                       10

filing of public reports with the SEC and during the pendency of material
corporate developments. Upon such suspension of a registration statement by the
Company, the Holders shall suspend offers and sales of Registrable Stock until
the Company notifies the Holders that (i) offers and sales may recommence or
(ii) the Company has filed a supplement to the prospectus or an amendment to
such registration statement to update the disclosure contained therein.

                  6.       Furnish Information. It shall be a condition
precedent to the obligations of the Company to take any action pursuant to this
Agreement that the Holders shall furnish to the Company such information
regarding themselves, the Registrable Stock held by them, and the intended
method of disposition of such securities as the Company shall reasonably request
and as shall be required in connection with the action to be taken by the
Company.

                  7.       Expenses of Registration. All expenses incurred in
connection with each registration pursuant to Section 2 and Section 3 of this
Agreement, excluding underwriters' discounts and commissions and fees, but
including, without limitation, all registration, filing and qualification fees,
word processing, duplicating, printers' and accounting fees (including the
expenses of any special audits or "cold comfort" letters required by or incident
to such performance and compliance), listing fees, messenger and delivery
expenses, all fees and expenses of complying with state securities or blue sky
laws, fees and disbursements of counsel for the Company, and the fees and
disbursements of one counsel for the selling Holders (which counsel shall be
selected by the holders of a majority in interest of the Common Stock being
registered (excluding the Company)), shall be paid by the Company, the selling
Holders and any other selling holders pro rata based upon the amount of Common
Stock being offered by the Company, the selling Holders and any other selling
holders in such registration. The Holders shall bear and pay the underwriting
commissions and discounts applicable to securities offered for their account in
connection with any registrations, filings and qualifications made pursuant to
this Agreement.

                  8.       Rule 144 Information. With a view to making available
the benefits of certain rules and regulations of the SEC which may at any time
permit the sale of the Registrable Stock to the public without registration, (a)
at all times after the Registration Date during which the Company is subject to
the reporting requirements of either Section 13 or 15(d) of the Exchange Act,
the Company agrees to:

                  (i)      make and keep public information available, as those
         terms are understood and defined in Rule 144 under the Securities Act;

                  (ii)     use its best efforts to file with the SEC in a timely
         manner all reports and other documents required of the Company under
         the Securities Act and the Exchange Act; and

<PAGE>   11
                                       11

                  (iii)    furnish to each Holder of Registrable Stock forthwith
         upon request a written statement by the Company as to its compliance
         with the reporting requirements of such Rule 144 and of the Securities
         Act and the Exchange Act, a copy of the most recent annual or quarterly
         report of the Company, and such other reports and documents so filed by
         the Company as such Holder may reasonably request in availing itself of
         any rule or regulation of the SEC allowing such Holder to sell any
         Registrable Stock without registration; and

                  (b)      at all times during which the Company is not subject
to the reporting requirements of either Section 13 or 15(d) of the Exchange Act,
it will provide, upon the written request of any Holder of Registrable Stock in
written form (as promptly as practicable and in any event within 15 business
days), to any prospective buyer of such stock designated by such Holder, all
information required by Rule 144A(d)(4)(i) of the General Regulations
promulgated by the SEC under the Securities Act and upon written request of the
Holder, the Company will cooperate with and assist any Holder of Registrable
Stock or any member of the National Association of Securities Dealers, Inc.
system for Private Offerings Resales and Trading through Automated Linkage
("PORTAL") in applying to designate and thereafter maintain the eligibility of
the Registrable Stock for trading through PORTAL.

                  9.       Indemnification.  In the event any Registrable Stock
is included in a registration statement under this Agreement:

                  (a)      The Company shall indemnify and hold harmless each
         Holder, such Holder's directors and officers, each Person who
         participates in the offering of such Registrable Stock, including
         underwriters (as defined in the Securities Act), and each Person, if
         any, who controls such Holder or participating Person within the
         meaning of the Securities Act, against any losses, claims, damages or
         liabilities, joint or several, to which they may become subject under
         the Securities Act or otherwise, insofar as such losses, claims,
         damages or liabilities (or proceedings in respect thereof) arise out of
         or are based on any untrue statement or alleged untrue statement of any
         material fact contained in such registration statement (or any
         amendments or supplements thereto), including all documents
         incorporated therein by reference, or arise out of or are based upon
         the omission or alleged omission to state therein a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading, or arise out of or are based upon an untrue
         statement or alleged untrue statement of a material fact contained in
         any preliminary prospectus or prospectus (or any amendment or
         supplement thereto) or arise out of or are based upon the omission or
         alleged omission therefrom of a material fact necessary in order to
         make the statements therein, in light of the circumstances under which
         they were made, not misleading, and shall reimburse each such Holder,
         such Holder's directors and officers, such participating person or
         controlling person for any legal or other expenses reasonably incurred
         by them (but not

<PAGE>   12
                                       12

         in excess of expenses incurred in respect of one counsel for all of
         them unless, in the reasonable judgment of an indemnified party there
         is a conflict of interest with another indemnified party, in which case
         the indemnified parties may be represented by separate counsel) in
         connection with investigating or defending any such loss, claim,
         damage, liability or action; provided, however, that the indemnity
         agreement contained in this Section 9(a) shall not apply to amounts
         paid in settlement of any such loss, claim, damage, liability or action
         if such settlement is effected without the consent of the Company
         (which consent shall not be unreasonably withheld); and provided
         further that the Company shall not be liable to any Holder, such
         Holder's directors and officers, participating Person or controlling
         Person in any such case for any such loss, claim, damage, liability or
         action to the extent that it arises out of or is based upon an untrue
         statement or alleged untrue statement or omission or alleged omission
         made in connection with such registration statement, preliminary
         prospectus, final prospectus or amendments or supplements thereto, in
         reliance upon and in conformity with written information furnished
         expressly for use in connection with such registration by any such
         Holder, such Holder's directors and officers, participating Person or
         controlling Person. Such indemnity shall remain in full force and
         effect regardless of any investigation made by or on behalf of any such
         Holder, such Holder's directors and officers, participating Person or
         controlling Person, and shall survive the transfer of such securities
         by such Holder.

                  (b)      The Holders demanding or joining in a registration
         severally and not jointly shall indemnify and hold harmless the
         Company, each of its directors and officers, each agent and any
         underwriter for the Company (within the meaning of the Securities Act)
         and each Person who controls any of the foregoing Persons (within the
         meaning of the Securities Act) against any losses, claims, damages or
         liabilities, joint or several, to which the Company or any such
         director, officer, controlling Person, agent or underwriter may become
         subject, under the Securities Act or otherwise, insofar as such losses,
         claims, damages or liabilities (or proceedings in respect thereof)
         arise out of or are based upon any untrue statement or alleged untrue
         statement of any material fact contained in such registration statement
         (or any amendments or supplements thereto), including all documents
         incorporated therein by reference, or arise out of or are based upon
         the omission or alleged omission to state therein a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading, or arise out of or are based upon an untrue
         statement or alleged untrue statement of a material fact contained in
         any preliminary prospectus or prospectus (or any amendment or
         supplement thereto) or arise out of or are based upon the omission or
         alleged omission therefrom of a material fact necessary in order to
         make the statements therein, in light of the circumstances under which
         they were made, not misleading, in each case to the extent, but only to
         the extent, that such untrue statement or alleged untrue statement or
         omission or alleged omission was made in such

<PAGE>   13
                                       13

         registration statement, preliminary or final prospectus, or amendments
         or supplements thereto, in reliance upon and in conformity with written
         information furnished by or on behalf of such Holder expressly for use
         in connection with such registration; and each such Holder shall
         reimburse any legal or other expenses reasonably incurred by the
         Company or any such director, officer, agent, underwriter or
         controlling Person (but not in excess of expenses incurred in respect
         of one counsel for all of them unless, in the reasonable judgment of an
         indemnified party, there is a conflict of interest with another
         indemnified party, in which case the indemnified parties may be
         represented by separate counsel) in connection with investigating or
         defending any such loss, claim, damage, liability or action; provided,
         however, that the indemnity agreement contained in this Section 9(b)
         shall not apply to amounts paid in settlement of any such loss, claim,
         damage, liability or action if such settlement is effected without the
         consent of such Holder (which consent shall not be unreasonably
         withheld), and provided further that the liability of each Holder
         hereunder shall be limited to the proportion of any such loss, claim,
         damage, liability or expense which is equal to the proportion that the
         net proceeds from the sale of the shares sold by such Holder under such
         registration statement bears to the total net proceeds from the sale of
         all securities sold thereunder, but not in any event to exceed the net
         proceeds received by such Holder from the sale of Registrable Stock
         covered by such registration statement.

                  (c)      Promptly after receipt by an indemnified party under
         this Section 9 of notice of the commencement of any action, such
         indemnified party shall, if a claim in respect thereof is to be made
         against any indemnifying party under this Section, notify the
         indemnifying party in writing of the commencement thereof and the
         indemnifying party shall have the right to participate in and assume
         the defense thereof with counsel selected by the indemnifying party and
         reasonably satisfactory to the indemnified party; provided, however,
         that an indemnified party shall have the right to retain its own
         counsel, with all fees and expenses thereof to be paid by such
         indemnified party (except as provided in paragraph (a) and (b) above),
         and to be apprised of all progress in any proceeding the defense of
         which has been assumed by the indemnifying party. The failure to notify
         an indemnifying party promptly of the commencement of any such action
         shall only release the indemnifying party from any of its obligations
         under this Section 9 if, and only to the extent that, such indemnifying
         party is materially prejudiced by such failure, but the omission to so
         notify the indemnifying party will not relieve it of any liability that
         it may have to any indemnified party otherwise than under this Section.

                  (d)      To the extent any indemnification by an indemnifying
         party is prohibited or limited by law, the indemnifying party, in lieu
         of indemnifying such indemnified party, shall contribute to the amount
         paid or payable by such indemnified party as a result of such losses,
         claims, damages or liabilities in such proportion as is appropriate

<PAGE>   14
                                       14

         to reflect the relative fault of the indemnifying party and indemnified
         party in connection with the actions which resulted in such losses,
         claims, damages or liabilities, as well as any other relevant equitable
         considerations. The relative fault of such indemnifying party and
         indemnified party shall be determined by reference to, among other
         things, whether any action in question, including any untrue or alleged
         untrue statement of material fact or omission or alleged omission to
         state a material fact, has been made by, or relates to information
         supplied by, such indemnifying party or indemnified party, and the
         parties' relative intent, knowledge, access to information and
         opportunity to correct or prevent such action. The amount paid or
         payable by a party as a result of the losses, claims, damages or
         liabilities referred to above shall be deemed to include any legal or
         other fees or expenses reasonably incurred by such party in connection
         with any investigation or proceeding.

                  The parties hereto agree that it would not be just and
         equitable if contribution pursuant to this Section 9(d) were determined
         by pro rata allocation or by any other method of allocation which does
         not take account of the equitable considerations referred to in the
         immediately preceding paragraph. No Person guilty of fraudulent
         misrepresentation (within the meaning of Section 11(f) of the
         Securities Act) shall be entitled to contribution from any Person who
         was not guilty of such fraudulent misrepresentation.

                  10.      Lockup. Each Holder shall, in connection with any
registration of the Company's securities, upon the request of the Company or the
underwriters managing any underwritten offering of the Company's securities,
agree in writing not to effect any sale, transfer, disposition or distribution
of any Registrable Stock (other than that included in the registration) without
the prior written consent of the Company or such underwriters, as the case may
be, for such period of time which shall begin not more than ten (10) days prior
to the initial filing of the registration statement pursuant to which such
public offering shall be made and which shall not exceed ninety (90) days from
the effective date of such registration statement, as the Company or the
underwriters may specify; provided, however, that the officers and directors of
the Company who own capital stock of the Company and all other holders of 5% or
more of the capital stock of the Company shall each be subject to similar
restrictions.

                  11.      No Conflict of Rights. The Company shall not, after
the date hereof, grant any registration rights unless such registration rights
are substantially similar to and no more favorable than those registration
rights granted hereby and do not conflict with or otherwise impair any
registration rights contained herein.

                  12.      Assignment of Registration Rights. The registration
rights of any Holder under this Agreement with respect to any Registrable Stock
may be assigned to any purchaser

<PAGE>   15
                                       15

or transferee of such Registrable Stock; provided, however, that (a) the
assigning Holder shall give the Company written notice at or prior to the time
of such assignment stating the name and address of the assignee and identifying
the securities with respect to which the rights under this Agreement are being
assigned; (b) such assignee shall agree in writing, in form and substance
reasonably satisfactory to the Company, to be bound as a Holder by the
provisions of this Agreement; and (c) immediately following such assignment the
further disposition of such securities by such assignee is restricted under the
Securities Act. No assignment of the registration rights of any Holder with
respect to any Registrable Stock in accordance with this Section 12 shall cause
such Registrable Stock to lose such status as Registrable Stock.

                  13.      Binding Effect; Benefit. Subject to Section 12, this
Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective successors and assigns and nothing in this
Agreement, expressed or implied, is intended to confer on any Person other than
the parties hereto or their respective successors and assigns any rights,
remedies, obligations or liabilities under or by reason of this Agreement.

                  14.      Governing Law; Jurisdiction and Service of Process.
This Agreement shall be governed by, and construed in accordance with, the laws
of the State of New York applicable to contracts executed in and to be performed
in that State. Any legal action or proceeding with respect to this Agreement
shall be brought in the courts of the State of New York located in New York, New
York or the United States District Court for the Southern District of New York.
By execution and delivery of this Agreement, each of the parties hereto accepts
for itself and in respect of its property, generally and unconditionally, the
jurisdiction of the aforesaid courts. Each of the parties hereto irrevocably
consents to the service of process of any of the aforementioned courts in any
such action or proceeding by the mailing of copies thereof by certified mail,
postage prepaid, to the party at its address set forth in Section 17.

                  15.      Counterparts. This Agreement may be executed and
delivered (including by facsimile transmission) in one or more counterparts, and
by the different parties hereto in separate counterparts, each of which when
executed and delivered shall be deemed to be an original but all of which taken
together shall constitute one and the same agreement.

                  16.      Headings.  The descriptive headings contained in this
Agreement are included for convenience of reference only and shall not affect in
any way the meaning or interpretation of this Agreement.

                  17.      Notices. All notices, requests, claims, demands and
other communications hereunder shall be in writing and shall be given (and shall
be deemed to have been duly given upon receipt) by delivery in person, telecopy,
nationally-recognized overnight courier or by registered or certified mail
(postage prepaid, return receipt requested) to the

<PAGE>   16
                                       16

respective parties at the following addresses (or at such other address for a
party as shall be specified in a notice given in accordance with this Section
17):

                  if to the Company:

                  Advanced Thermal Technologies, Inc.
                  3355 East La Palma Avenue
                  Anaheim, California 92806
                  Facsimile: (714) 688-4153
                  Attention: Chief Executive Officer

                  if to the Stockholder:

                  B/E Aerospace, Inc.
                  1400 Corporate Center Way
                  Wellington, Florida 33414
                  Facsimile: (561) 791-3966
                  Attention: General Counsel

                  in each case, with a copy to:

                  Shearman & Sterling
                  599 Lexington Avenue
                  New York, New York  10022
                  Facsimile:  (212) 848-7179
                  Attention:  Rohan S. Weerasinghe

                  18.      Amendments and Waivers. Any provision of this
Agreement may be amended or waived if such amendment or waiver is in writing and
is signed, in the case of an amendment, by the Holders of a majority of the
Registrable Stock and the Company, or in the case of a waiver, by the party
against whom the waiver is to be effective. No failure or delay by any party in
exercising any right, power or privilege hereunder shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.

                  19.      Severability. If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule of law,
or public policy, such term or provision, as to such jurisdiction, shall be
ineffective, and all other conditions and provisions of this Agreement shall
nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions set forth in this Agreement is not affected in any
manner materially adverse to any party hereto. Upon such determination that any
term or other

<PAGE>   17
                                       17

provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in a mutually acceptable
manner in order that the transactions set forth in this Agreement be consummated
as originally contemplated to the fullest extent possible.

                  20.      Entire Agreement. This Agreement constitutes the
entire agreement among the parties hereto with respect to the subject matter
hereof and supersedes all prior agreements and understandings among the parties
hereto with respect thereto.

                  21.      Attorneys' Fees. In the event that any party hereto
shall file suit to enforce any of the terms of this Agreement or to recover
damages for a breach of this Agreement, the prevailing party shall be entitled
to recover attorneys' fees and costs incurred in such proceeding.

                  22.      Waiver of Jury Trial. EACH OF THE COMPANY AND THE
HOLDERS HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE)
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF THE COMPANY AND
THE HOLDERS IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT
THEREOF.

<PAGE>   18

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date first above written.

                              ADVANCED THERMAL TECHNOLOGIES, INC.

                              By: /s/Cameron Adamson
                                  ----------------------------------------
                              Name: Cameron Adamson
                              Title:   CFO

                              B/E AEROSPACE, INC.

                              By: /s/ Thomas P. McCaffrey
                                  -------------------------------------------
                              Name: Thomas P. McCaffrey
                              Title: Sr. VP & CFO

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