Document:

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                                                                    EXHIBIT 10.6

                               INDEMNITY AGREEMENT

      This Indemnity Agreement, dated as of ___________, 2004 (the "Agreement")
is made by and between Coinmach Service Corp., a Delaware corporation (the
"Company") and _____________, (the "Indemnitee").

                                    RECITALS

      A. The Company is aware that competent and experienced persons are
increasingly reluctant to serve as directors or officers of corporations unless
they are protected by adequate indemnification, due to increased exposure to
litigation costs and risk resulting from their service to such corporations, and
due to the fact that the exposure may bear no reasonable relationship to the
compensation of such directors and officers;

      B. The statutes and judicial decisions regarding the duties of directors
and officers are often difficult to apply, ambiguous, or conflicting, and
therefore fail to provide such directors and officers with adequate, reliable
knowledge of legal risks to which they are exposed or information regarding the
proper course of action to take;

      C. Plaintiffs often seek damages in such large amounts and the costs of
litigation may be so great (whether or not the case is meritorious), that the
defense and/or settlement of such litigation may be beyond the personal
resources of directors and officers;

      D. The Board of Directors of the Company (the "Board") has concluded that,
to retain and attract talented and experienced individuals to serve as officers
and directors of the Company and to encourage such individuals to make the
business decisions necessary or appropriate for the success of the Company and
its Subsidiaries (as defined in Section 1 below), it is necessary for the
Company to contractually indemnify its directors and certain of its officers,
and certain of the directors and officers of its Subsidiaries, and to assume for
itself maximum permissible liability for Expenses, losses, liabilities and
damages in connection with claims against such officers and directors relating
to their service in such capacities, and has further concluded that the failure
to provide such contractual indemnification could result in significant harm to
the Company and its Subsidiaries and the Company's stockholders;

      E. The provisions of the Amended and Restated Certificate of Incorporation
of the Company (the "Certificate of Incorporation") specifically state that the
rights to indemnification and payment of expenses described therein are not
exclusive, and thereby contemplate that contracts with respect to
indemnification and payment of Expenses by the Company and similar obligations
of the Company may be entered into by and between the Company and persons
entitled to such rights described in the Certificate of Incorporation; and

      F. The Company desires the Indemnitee to serve or continue to serve as a
director or officer of the Company and/or one or more of its Subsidiaries
without undue concern for claims for damages arising out of or related to such
services to the Company and/or one or more of its Subsidiaries.
<PAGE>
      NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:

      1. Definitions. For the purposes of this Agreement, the following terms
shall have the meanings set forth below:

            (a) Agent. "Agent" means any person who (i) is or was a director,
      officer, employee, or other agent of the Company or a Subsidiary of the
      Company, (ii) is or was serving at the request of, for the convenience of,
      or to represent the "interest of the Company" or a Subsidiary of the
      Company as a director, officer, trustee, partner, employee, fiduciary or
      agent of another foreign or domestic corporation, partnership, limited
      liability company, joint venture, trust, foundation, association,
      organization or other legal entity or enterprise or (iii) is or was
      serving in any capacity with respect to any employee, fiduciary benefits
      plans of the Company or any Subsidiary. For purposes of subsection (ii) of
      this Section 1(a), if Indemnitee is serving or has served as a director,
      officer, trustee, partner, employee, fiduciary or agent of a Subsidiary,
      Indemnitee shall be deemed to be serving at the request of the Company.

            (b) Controlled. "Controlled" means subject to the power to exercise
      a controlling influence over the management or policies of a corporation,
      partnership, joint venture, trust or other entity.

            (c) Expenses. "Expenses" includes all direct and indirect costs,
      fees and expenses of any type or nature whatsoever (including, without
      limitation, attorneys' fees and related disbursements and retainers, other
      out-of-pocket costs such as fees and disbursements of expert witnesses,
      private investigators and professional advisors, court costs, transcript
      costs, fees of experts, duplicating, printing and binding costs, telephone
      and fax transmission charges, postage, delivery services, secretarial
      services and other disbursements and Expenses and reasonable compensation
      for time spent by the Indemnitee for which he is not otherwise compensated
      by the Company or any third party) actually and reasonably incurred by the
      Indemnitee in connection with either the investigation, defense,
      settlement or appeal of, or otherwise related to a Proceeding or
      establishing or enforcing a right to indemnification under this Agreement,
      [Section 8.75] or otherwise.

            (d) Proceeding. "Proceeding" means any threatened, pending, or
      completed claim, action, suit, arbitration, alternate dispute resolution
      process, investigation, administrative hearing, appeal or any other
      proceeding, whether civil, criminal, administrative, investigative or any
      other type whatsoever, whether formal or informal, including a proceeding
      initiated by Indemnitee pursuant to Section 6 of this Agreement to enforce
      Indemnitee's rights hereunder.

            (e) Subsidiary. "Subsidiary" means (i) any corporation of which 50%
      or more of the outstanding voting securities are owned directly or
      indirectly by the Company, or which is otherwise controlled by the
      Company, (ii) any partnership, joint venture, limited liability company,
      trust or other entity of which 50% or more of the equity interest is owned
      directly or indirectly by the Company, or which is otherwise controlled by
      the

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      Company or (iii) the Company owns a general partner or managing member or
      similar interest.

      2. Agreement To Serve. The Indemnitee agrees to serve and/or continue to
serve as an Agent of the Company, at its will (or under separate agreement, if
such agreement exists), in the capacity Indemnitee currently serves as an Agent
of the Company; provided, however, that nothing contained in this Agreement is
intended to or shall (i) restrict the ability of the Indemnitee to resign at any
time and for any reason from any current or future position or positions, (ii)
create any right to continued employment of the Indemnitee in any current or
future position or positions, or (iii) restrict the ability of the Company to
terminate the employment or agency of Indemnitee at any time and for any reason
(subject to compliance with the terms of any employment or other applicable
agreement to which the Company (or any of its Subsidiaries) and the Indemnitee
are parties).

      3. Indemnification as Agent.

      (a) Third Party Actions. If the Indemnitee was or is a party or is
threatened to be made a party to any Proceeding (other than an action by or in
the right of the Company) by reason of the fact that he is or was an Agent of
the Company, or by reason of anything done or not done by him in any such
capacity or otherwise at the request of the Company or any of its officers,
directors, or stockholders, the Company shall indemnify and hold harmless the
Indemnitee against any and all Expenses, losses and liabilities of any type
whatsoever (including, but not limited to, judgments, damages, liabilities,
losses, fines, excise taxes, penalties and amounts paid in settlement) actually
and reasonably incurred by him in connection with the investigation, defense,
settlement or appeal of, or otherwise related to such Proceeding, if he acted in
good faith and in a manner he reasonably believed to be in, or not opposed to,
the best interests of the Company, and, with respect to any criminal action or
Proceeding, if he had no reasonable cause to believe his conduct was unlawful.
The termination of any Proceeding, or any claim, issue or matter in such a
Proceeding by reason of settlement, judgment, order or otherwise, shall be
deemed to be a successful result as to such Proceeding, claim, issue or matter,
so long as there has been no finding (either adjudicated or pursuant to Section
6(c) below) that Indemnitee (i) did not act in good faith, or (ii) did not act
in a manner reasonably believed to be in, or not opposed to, the best interests
of the Company, or (iii) with respect to any criminal Proceeding, had reasonable
cause to believe his conduct was unlawful.

      (b) Derivative Actions. If the Indemnitee was or is a party or is
threatened to be made a party to any Proceeding by or in the right of the
Company to procure a judgment in its favor by reason of the fact that he is or
was an Agent of the Company, or by reason of anything done or not done by him in
any such capacity, the Company shall indemnify and hold harmless the Indemnitee
against any amounts paid in settlement of any such Proceeding and any and all
Expenses, losses and liabilities of any type whatsoever (including, but not
limited to, judgments, damages, liabilities, losses, fines, excise taxes,
penalties and amounts paid in settlement) actually and reasonably incurred by
him in connection with the investigation, defense, settlement, or appeal of, or
otherwise related to such Proceeding, if he acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the
Company; except that no indemnification under this subsection shall be made with
respect to any claim, issue or matter as to which such person has been finally
adjudged to have been liable to the Company, unless and

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only to the extent that the Court of Chancery of the State of Delaware or the
court in which such Proceeding was brought shall determine upon application
that, despite the adjudication of liability but in view of all the circumstances
of the case, such person is fairly and reasonably entitled to indemnity for such
Expenses as the court shall deem proper.

      (c) Scope of Indemnification. If the General Corporation Law of the State
of Delaware (the "Delaware Law") or any other applicable law is amended after
the date hereof to permit the Company to indemnify Indemnitee for Expenses or
liabilities, or to indemnify Indemnitee with respect to any action or
Proceeding, not contemplated by this Agreement, then this Agreement (without any
further action be either party hereto) shall automatically be deemed to be
amended to require that the Company indemnify Indemnitee to the fullest extent
permitted by the Delaware Law.

      4. Advancement of Expenses. Subject to Sections 7(a) and (b) below, the
Company shall advance all Expenses actually and reasonably incurred by the
Indemnitee in connection with the investigation, defense, settlement or appeal
of, or otherwise related to any Proceeding to which the Indemnitee is a party or
is threatened to be made a party by reason of the fact that the Indemnitee is or
was an Agent of the Company. Indemnitee hereby agrees to repay such amounts
advanced if it shall ultimately be determined pursuant to Section 6 below that
the Indemnitee is not entitled to be indemnified by the Company.

      5. Indemnification Procedures.

      (a) Notice by Indemnitee. Promptly after receipt by the Indemnitee of
notice of the commencement of or the threat of commencement of any Proceeding,
the Indemnitee shall, if the Indemnitee believes that indemnification with
respect thereto may be sought from the Company under this Agreement, provide
written notice to the Company of the commencement or threat of commencement
thereof; provided that the failure to give such notice shall not impair
Indemnitee's rights under this Agreement.

      (b) Notice to Insurer. If, at the time of the receipt of a notice of the
commencement of a Proceeding pursuant to Section 5(a) above, the Company has in
effect an insurance policy or policies providing directors' and officers'
liability insurance, the Company shall give prompt notice of the commencement of
such Proceeding to the insurers in accordance with the procedures set forth in
the respective policies. The Company shall thereafter take all necessary or
desirable action to cause such insurers to pay, on behalf of the Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of
such policies.

      (c) Assumption of Defense. In the event the Company shall be obligated to
pay the Expenses of the Indemnitee with respect to any Proceeding, the Company
shall be entitled to assume the defense of such Proceeding, with counsel of its
choosing, upon the delivery to the Indemnitee of written notice of its election
to do so, which written notice shall be delivered within ten (10) calendar days
after receipt of written notice of the Proceeding pursuant to Section 5(a)
above. After delivery of such notice, the Company will not be liable to the
Indemnitee under this Agreement for any fees and Expenses of counsel which are
subsequently incurred by the Indemnitee with respect to the same Proceeding;
provided, however, that the Indemnitee shall have the right to employ his
counsel in any such Proceeding at the Indemnitee's

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expense; and provided further, that if (i) the employment of counsel by the
Indemnitee has been previously authorized by the Company, or (ii) the Indemnitee
shall have reasonably concluded that there may be a conflict of interest between
the Company and the Indemnitee in the conduct of any such defense or that
Indemnitee may have separate defenses or counterclaims to assert with respect to
any issue which may not be consistent with the position of other defendants in
such Proceeding, or (iii) the Company shall not, in fact, have employed counsel
to assume the defense of such Proceeding in a timely manner, then, in any such
case, the fees and Expenses of Indemnitee's counsel shall be at the expense of
the Company. In addition, if the Company fails to comply with any of its
obligations under this Agreement or in the event that the Company or any other
person takes any action to declare this Agreement void or unenforceable, or
institutes any action, suit or Proceeding to deny or to recover from Indemnitee
the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall
have the right to retain counsel of Indemnitee's choice, at the expense of the
Company, to represent Indemnitee in connection with any such matter. The Company
shall not, without the prior written consent of Indemnitee, consent to the entry
of any judgment against Indemnitee or enter into any settlement or compromise
which (i) includes an admission of fault of Indemnitee or (ii) does not include,
as an unconditional term thereof, the full release of Indemnitee from all
liability in respect of such Proceeding, which release shall be in form and
substance reasonably satisfactory to Indemnitee. This Section 5(c) shall not
apply to a Proceeding brought by Indemnitee under Section 6 below or pursuant to
Section 7(a) or (b) below.

      (d) Subrogation. In the event of payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of
recovery of the Indemnitee. Indemnitee shall execute all documents required and
shall do everything that may be necessary to secure such rights, including the
execution of such documents necessary to enable the Company to effectively bring
suit to enforce such rights.

      (e) Cooperation by Indemnitee. Indemnitee shall give the Company such
information and cooperation as it may reasonably require and as shall be within
Indemnitee's power.

      6. Determination of Right to Indemnification.

      (a) Successful Proceeding. To the extent the Indemnitee has been
successful, on the merits or otherwise, in the defense of any Proceeding
referred to in Section 3 above, the Company shall indemnify the Indemnitee
against any and all Expenses actually and reasonably incurred by him in
connection therewith. If Indemnitee is not wholly successful in such Proceeding
but is successful, on the merits or otherwise, as to one or more but less than
all claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against any and all Expenses actually and reasonably incurred by or
for him in connection with each successfully resolved claim, issue or matter.

      (b) Other Proceeding. In the event that Section 6(a) above is
inapplicable, or applicable only in part, the Company shall nevertheless
indemnify the Indemnitee unless it is determined in a form described below that
the Indemnitee has not met the applicable standard of conduct set forth in
Section 3 above, if any, which entitles Indemnitee to such indemnification.

                                      -5-
<PAGE>
      (c) Forum in Event of Dispute. The Indemnitee shall be entitled to select
the forum in which the validity of the Company's claim under Section 6(b) hereof
that the Indemnitee is not entitled to indemnification will be heard, from among
the following (subject to provisions of applicable law):

            (i) by a majority vote of the directors of the Board who are not
      parties to such Proceeding, even though less than a quorum; or

            (ii) by a committee of such directors designated by majority vote of
      such directors, even though less than a quorum; or

            (iii) if there are no such directors, or if such directors so
      direct, by independent legal counsel in a written opinion; or

            (iv) by the stockholders.

      (d) Submission of Company's Claim. As soon as practicable, and in no event
later than thirty (30) days after written notice of the Indemnitee's choice of
forum pursuant to Section 6(c) above, the Company shall, at its own expense,
submit to the selected forum in such manner as the Indemnitee or the
Indemnitee's counsel may reasonably request, its claim that the Indemnitee is
not entitled to indemnification. The Company shall act in the utmost good faith
to assure the Indemnitee a complete opportunity to defend against such claim.

      (e) Appeal to Court. Notwithstanding a determination by any forum listed
in Section 6(c) above that Indemnitee is not entitled to indemnification with
respect to a specific Proceeding, the Indemnitee shall have the right to apply
to the court in which that Proceeding is or was pending or any other court of
competent jurisdiction, for the purpose of enforcing the Indemnitee's right to
indemnification pursuant to this Agreement.

      (f) Indemnity for Expenses in Enforcement of Agreement. Notwithstanding
any other provision in this Agreement to the contrary, the Company shall
indemnify the Indemnitee against all Expenses incurred by the Indemnitee in
connection with any hearing or Proceeding under this Section 6 involving the
Indemnitee and against all Expenses incurred by the Indemnitee in connection
with any other Proceeding between the Company and the Indemnitee involving the
interpretation or enforcement of the rights of the Indemnitee under this
Agreement unless a court of competent jurisdiction finds that the claims and/or
defenses of the Indemnitee in any such Proceeding was frivolous or made in bad
faith.

      (g) Effect of Certain Resolutions. Neither the settlement or termination
of any Proceeding nor the failure of the Company to award indemnification or to
determine that indemnification is payable shall create a presumption that
Indemnitee is not entitled to indemnification hereunder. In addition, the
termination of any Proceeding by judgment, order, settlement, conviction, or
upon a plea of nolo contendere or its equivalent shall not create a presumption
that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company
or, with respect to any criminal Proceeding, had reasonable cause to believe
that Indemnitee's action was unlawful.

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      (h) Failure To Act Not a Defense. The failure of the Company (including
its Board of Directors or any committee thereof, independent legal counsel, or
stockholders) to make a determination concerning the permissibility of
indemnification hereunder or the advancement of Expenses under this Agreement
shall not be a defense in any action brought under Section 6 above, and shall
not create a presumption that such indemnification or advancement is not
permissible.

      7. Exceptions.

      (a) Excluded Action or Omissions. Any other provision herein to the
contrary notwithstanding, the Company shall not be obligated to indemnify or
advance Expenses to Indemnitee with respect to Proceedings or claims arising out
of acts, omissions or transactions for which Indemnitee is prohibited from
receiving indemnification under applicable law.

      (b) Claims Initiated by Indemnitee. Any other provision herein to the
contrary notwithstanding, the Company shall not be obligated pursuant to the
terms of this Agreement to indemnify or advance Expenses to the Indemnitee with
respect to Proceedings or claims initiated or brought voluntarily by the
Indemnitee and not by way of defense or counterclaims asserted by Indemnitee in
any Proceeding brought against Indemnitee, except with respect to Proceedings
brought to establish or enforce a right to indemnification under this Agreement
or any other statute or law or otherwise as required under the General
Corporation Law of the State of Delaware, but such indemnification or
advancement of Expenses may be provided by the Company in specific cases if the
Board finds it to be appropriate.

      (c) Lack of Good Faith. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement to indemnify the Indemnitee for any Expenses incurred by the
Indemnitee with respect to any Proceeding instituted by the Indemnitee to
enforce or interpret this Agreement, if a court of competent jurisdiction
determines that each of the material assertions made by the Indemnitee in such
Proceeding was frivolous or made in bad faith.

      (d) Unauthorized Settlements. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement to indemnify the Indemnitee for any amount paid in settlement of
a Proceeding effected without the prior written consent of the Company. The
Company agrees not to unreasonably withhold its consent to any settlement.

      (e) No Duplicative Payment. The Company shall not be liable under this
Agreement to make any payment of amounts otherwise indemnifiable hereunder if
and to the extent that Indemnitee has otherwise actually received such payment
under any insurance policy, contract, agreement or otherwise.

      8. Non-exclusivity. THE PROVISIONS FOR INDEMNIFICATION AND ADVANCEMENT OF
EXPENSES SET FORTH IN THIS AGREEMENT SHALL NOT BE DEEMED EXCLUSIVE OF ANY OTHER
RIGHTS WHICH THE INDEMNITEE MAY HAVE UNDER ANY PROVISION OF LAW, THE CERTIFICATE
OF INCORPORATION OR AMENDED AND RESTATED BYLAWS, THE VOTE OF THE COMPANY'S
STOCKHOLDERS OR DISINTERESTED DIRECTORS, OTHER AGREEMENTS, OR OTHERWISE, BOTH AS
TO ACTION IN HIS OFFICIAL

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CAPACITY AND AS TO ACTION IN ANOTHER CAPACITY WHILE OCCUPYING A POSITION AS AN
AGENT OF THE COMPANY.

      9. Interpretation of Agreement; Scope. It is understood that the parties
hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification to the Indemnitee to the fullest extent now or hereafter
permitted by applicable law. The benefits of this Agreement shall inure to the
Indemnitee both with respect to acts done or not done by him both before and
after this date.

      10. Burden of Proof. In making a determination with respect to entitlement
to indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under
this Agreement, and the Company shall have the burden of proof to overcome that
presumption in connection with the making by any person, persons or entity of
any determination contrary to that presumption.

      11. Severability. If any provision or provisions of this Agreement shall
be held to be invalid, illegal or unenforceable for any reason whatsoever, (i)
the validity, legality and enforceability of the remaining provisions of the
Agreement (including, without limitation, all portions of any paragraphs of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby, and (ii) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, all
portions of any paragraph of this Agreement containing any such provision held
to be invalid, illegal or unenforceable, that are not themselves invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent
manifested by the provision held invalid, illegal or unenforceable and to give
effect to Section 9 hereof.

      12. Modification and Waiver. Except as contemplated by Section 3(c), no
supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by all parties hereto. No waiver of any of the provisions of
this Agreement shall be deemed or shall constitute a waiver of any other
provisions hereof (whether or not similar) nor shall such waiver constitute a
continuing waiver.

      13. Survival, Successors and Assigns. The Indemnitee's rights under this
Agreement shall continue after the Indemnitee has ceased acting as an Agent of
the Company. The terms of this Agreement shall be binding on and inure to the
benefit of the Company and its successors and assigns and shall be binding on
and inure to the benefit of Indemnitee and Indemnitee's heirs, executors and
administrators.

      14. Gender. The masculine, feminine or neuter pronouns used herein shall
be interpreted without regard to gender, and the use of the singular or plural
shall be deemed to include the other whenever the context so requires.

      15. Notice. All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and received by the party addressee or (ii) if mailed by
certified or registered mail with postage prepaid, on the third business day
after the mailing date. All notice to either party will be sent to the
applicable address below, or as subsequently modified by written notice.

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      If to the Company:

            Coinmach Service Corp.
            303 Sunnyside Blvd., Suite 70
            Plainview, NY  11803
            Attention:  Robert M. Doyle

      If to Indemnitee, at such Indemnitee's primary address listed in the
records of the Company.

      16. Governing Law. This Agreement, and all rights, remedies, liabilities,
powers and duties of the parties to this Agreement, shall be governed
exclusively by and construed according to the laws of the State of Delaware
without regard to principles of conflicts of laws.

      17. Consent to Jurisdiction. The Company and the Indemnitee each hereby
irrevocably consent to the jurisdiction of the courts of the State of Delaware
for all purposes in connection with any action or Proceeding which arises out of
or relates to this Agreement and agree that any action instituted under this
Agreement shall be brought only in the state courts of the State of Delaware.

      18. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all such
counterparts shall together constitute one and the same instrument.

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      The parties hereto have entered into this Indemnity Agreement effective as
of the date first above written.

                                    COINMACH SERVICE CORP.

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

                                    Title:
                                             --------------------------------

                                    INDEMNITEE:
                                                 ----------------------------

                                      -10-<PAGE>
                                                                  EXHIBIT 10.12

                           HOLDINGS PLEDGE AGREEMENT

            HOLDINGS PLEDGE AGREEMENT (as amended, modified or supplemented from
time to time, this "Agreement"), dated as of January 25, 2002, made by COINMACH
LAUNDRY CORPORATION, a Delaware corporation (the "Pledgor"), in favor of BANKERS
TRUST COMPANY, a New York banking corporation, as Collateral Agent (in such
capacity and together with any successors in such capacity, the "Collateral
Agent") for the benefit of (x) the Banks (as hereinafter defined), the
Administrative Agent (as hereinafter defined), the Syndication Agents (as
hereinafter defined),the Lead Arranger and Book Manager (as hereinafter
defined), the Collateral Agent, the Documentation Agent (as hereinafter defined)
and any other lenders from time to time party to, the Credit Agreement
hereinafter referred to (such Banks, the Administrative Agent, the Syndication
Agents, the Lead Arranger and Book Manager, the Collateral Agent, the
Documentation Agent and such other lenders, if any, are hereinafter called the
"Bank Creditors"), and (y) if one or more Banks or any Affiliate of a Bank
enters into one or more Interest Rate Protection Agreements or Other Hedging
Agreements (each as hereinafter defined), from time to time with, or guaranteed
by, any Pledgor, any such Bank or Banks or Affiliate or Affiliates of such Bank
or Banks (even if the respective Bank subsequently ceases to be a Bank under the
Credit Agreement for any reason) so long as any such Bank or Affiliate
participates in the extension of such Interest Rate Protection Agreements or
Other Hedging Agreements, and their subsequent assigns, if any (collectively,
the "Other Creditors"; together with the Bank Creditors, the "Secured
Creditors"). Except as otherwise defined herein, all capitalized terms used
herein and defined in the Credit Agreement shall be used herein as so defined.

                                R E C I T A L S:
                                - - - - - - - -

      1. The Pledgor, Coinmach Corporation (the "Borrower"), certain
subsidiaries (the "Subsidiary Guarantors") of the Borrower from time to time
party thereto, the lenders from time to time party thereto (the "Banks"),
Bankers Trust Company, as Administrative Agent (in such capacity and together
with any successors in such capacity, the "Administrative Agent") and Collateral
Agent, Deutsche Banc Alex. Brown Inc., as Lead Arranger and Bank Manager (in
such capacities and together with any successors in such capacities, the "Lead
Arranger and Book Manager"), and J.P. Morgan Securities Inc. and First Union
Securities, Inc., as Syndication Agents (in such capacities and together with
any successors in such capacities, the "Syndication Agents"), and Credit
Lyonnais New York Branch, as Documentation Agent (in such capacity and together
with any successors in such capacity, the Documentation Agent"), have entered
into a Credit Agreement, dated as of the date hereof, providing for the making
of Loans and the issuance of, and participation in, Letters of Credit as
contemplated therein (such agreement, as amended, modified, extended, renewed,
replaced, restated or supplemented from time to time, and including any
agreement extending the maturity of, or restructuring of, all or any portion of
the Indebtedness under such agreement or any successor agreement, the "Credit
Agreement").

      2. The Borrower or any Subsidiary Guarantor may at any time and from time
to time enter into, or guarantee obligations of one or more other Credit Parties
under, one or more Interest Rate Protection Agreements or Other Hedging
Agreements with one or more Other Creditors.

<PAGE>

      3. It is a condition to each of the above-described extensions of credit
to the Borrower and the Subsidiary Guarantors that the Pledgor shall have
executed and delivered this Agreement.

      4. The Pledgor desires to enter into this Agreement in order to satisfy
the condition described in the preceding paragraph.

                               A G R E E M E N T:
                               - - - - - - - - -

            NOW, THEREFORE, in consideration of the above-described premises and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Pledgor hereby makes the following representations and
warranties to the Collateral Agent for the benefit of the Secured Creditors and
hereby covenants and agrees with the Collateral Agent for the benefit of the
Secured Creditors as follows:

      Section 1. SECURITY FOR OBLIGATIONS. This Agreement is made by the Pledgor
for the benefit of the Secured Creditors to secure the full and prompt payment
and performance when due (whether at the stated maturity, by acceleration or
otherwise in accordance with the terms of the Credit Agreement) of the
Obligations (as defined in that certain Security Agreement, dated as of the date
hereof, among the Borrower, the Subsidiary Guarantors and the Collateral Agent
for the benefit of the Secured Creditors (as the same may be amended, modified
or supplemented from time to time, the "Security Agreement")), whether
outstanding on the date of this Agreement or extended from time to time after
the date of this Agreement.

      Section 2. DEFINITION OF STOCK, NOTES, SECURITIES, ETC. As used herein,
(i) the term "Stock" shall mean (x) with respect to corporations incorporated
under the laws of the United States or any State or territory thereof (each, a
"Domestic Corporation"), all of the issued and outstanding shares of capital
stock of whatever class at any time owned by the Pledgor of each Domestic
Corporation and (y) with respect to corporations that do not constitute Domestic
Corporations (each, a "Foreign Corporation"), all of the issued and outstanding
shares of capital stock of whatever class at any time owned by the Pledgor of
each Foreign Corporation, in each case described in clauses (i)(x) and (i)(y) of
this sentence, together with the certificates representing such shares and any
interest of such Pledgor in the entries on the books of any financial
intermediary pertaining to such shares, provided that, except as provided in the
last sentence of this Section 2, the Pledgor shall not be required to pledge
hereunder more than 65% of the total combined voting power of all classes of
capital stock of any Foreign Corporation entitled to vote, (ii) the term
"Interests" shall mean (x) with respect to limited liability companies,
partnerships or other entities (other than corporations) organized under the
laws of the United States or any state or territory thereof (each, a "Domestic
Non-Corporate Entity"), all of the issued and outstanding membership interests,
partnership interests or other interests of whatever class at any time owned by
the Pledgor of each Domestic Non-Corporate Entity and (y) with respect to
limited liability companies, partnerships or other entities (other than
corporations) that do not constitute Domestic Non-Corporate Entities (each, a
"Foreign Non-Corporate Entity"), all of the issued and outstanding membership
interests, partnership interests or other interests of whatever class at any
time owned by the Pledgor of each Foreign Non-Corporate Entity, in each case
described in clauses (ii)(x) and (ii)(y) of this sentence, together will all
rights, privileges, authority and powers of the Pledgor in and to each such
Domestic Non-

                                       -2-

<PAGE>

Corporate Entity or under the membership, partnership or other operative
agreement of each such entity, and the certificates, instruments and agreements,
if any, representing such membership, partnership or other equity interests;
provided that, except as provided in the last sentence of this Section 2, the
Pledgor shall not be required to pledge hereunder more than 65% of the total
combined voting power of all classes of interests of any Foreign Non-Corporate
Entity entitled to vote, and (iii) the term "Notes" shall mean (x) all
promissory notes at any time issued to the Pledgor by any of its Subsidiaries
together with all certificates or instruments evidencing such promissory notes
and all proceeds thereof, and all accessions thereto and substitutions therefore
and (y) except as provided in the last sentence of this Section 2, the Pledgor
shall not be required to pledge hereunder any promissory notes issued to the
Pledgor by any Subsidiary of the Pledgor which is a Foreign Corporation or
Foreign Non-Corporate Entity. If and to the extent that the Collateral Agent
receives or holds stock certificates representing more than 65% of the total
combined voting power of all classes of capital stock or other interests of any
Foreign Corporation or Foreign Non-Corporate Entity entitled to vote, the
Collateral Agent agrees to act as bailee and custodian for the benefit of the
Pledgor with respect to any portion of such capital stock or other interests
representing more than 65% of the total combined voting power of all classes of
capital stock or other interests of any Foreign Corporation or Foreign
Non-Corporate Entity entitled to vote except as otherwise provided in the last
sentence of this Section 2. As used herein, the term "Securities" shall mean all
of the Stock, Interests and Notes. The Pledgor represents and warrants, as to
the stock of corporations, interests in non-corporate entities and promissory
notes owned by the Pledgor, that on the date hereof (a) the Stock consists of
the number and type of shares of the stock of the corporations as described in
Part I of Schedule A hereto; (b) such Stock constitutes that percentage of the
issued and outstanding capital stock of the issuing corporation as is set forth
in Part I of Schedule A hereto; (c) the Notes consist of the promissory notes
described in Part II of Schedule A hereto;(d) the Interests consist of the type
of interests of the non-corporate entities as described in Part III of Schedule
A hereto; (e) such Interests constitute that percentage of the issued interests
of the issuing non-corporate entities as described in Part III of Schedule A
hereto; and (f) the Pledgor is the holder of record and sole beneficial owner of
the Stock, the Interests and the Notes and there exist no options or preemption
rights in respect of any of the Securities. If following a change in the
relevant sections of the Code or the regulations, rules, rulings, notices or
other official pronouncements issued or promulgated thereunder which would
permit a pledge (x) of 66 2/3% or more (or would be adjusted to permit a pledge
of less than 66 2/3%) of the total combined voting power of all classes of
capital stock of any Foreign Corporation or Foreign Non-Corporate Entity
entitled to vote and (y) of any promissory note issued by any Subsidiary of the
Pledgor which is a Foreign Corporation or Foreign Non-Corporate Entity without
causing the undistributed earnings of such Foreign Corporation or Foreign
Non-Corporate Entity as determined for Federal income taxes to be treated as a
deemed dividend to the Pledgor for Federal income tax purposes and without
causing any other material adverse tax consequences to the Pledgor or any of its
Subsidiaries or Affiliates, then the 65% limitation set forth in clauses the
provisos to (i) and (ii) and the limitation set forth in clause (iii)(y) of this
Section 2 shall no longer be applicable (or shall be adjusted as appropriate)
and the Pledgor shall duly pledge and deliver to the Collateral Agent such of
the Securities not theretofore required to be pledged hereunder or the
Collateral Agent shall return such Securities as applicable.

                                       -3-

<PAGE>

      Section 3. PLEDGE OF SECURITIES, ETC.

      Section 3.1 Pledge. To secure the payment and performance when due of all
of the Obligations and for the purposes set forth in Section 1, the Pledgor (i)
hereby grants to the Collateral Agent for the benefit of the Secured Creditors,
a continuing first priority security interest in and to all of the right, title
and interest of such Pledgor in, to and under the Collateral (as hereinafter
defined), (ii) hereby pledges and deposits with the Collateral Agent the
Securities owned by the Pledgor on the date hereof, and delivers to the
Collateral Agent certificates therefor, duly endorsed in blank in the case of
promissory notes and accompanied by undated stock powers duly executed in blank
by the Pledgor (and accompanied by any transfer tax stamps required in
connection with the pledge of such Securities) in the case of capital stock, or
such other instruments of transfer as are reasonably acceptable to the
Collateral Agent and (iii) hereby collaterally assigns, transfers, hypothecates
and sets over to the Collateral Agent all of the Pledgor's right, title and
interest in and to such Securities (and in and to the certificates or
instruments evidencing such Securities) and the other Collateral, to be held by
the Collateral Agent as collateral security for the Obligations, upon the terms
and conditions set forth in this Agreement

      Section 3.2 Subsequently Acquired Securities. If the Pledgor shall acquire
(by purchase, stock dividend or otherwise) any additional Securities at any time
or from time to time after the date hereof, the Pledgor will promptly thereafter
(and in any event within five Business Days) pledge and deposit such Securities
(or certificates or instruments representing Securities) as security with the
Collateral Agent and deliver to the Collateral Agent certificates or instruments
therefor, duly endorsed in blank in the case of promissory notes, and
accompanied by undated stock powers duly executed in blank by the Pledgor (and
accompanied by any transfer tax stamps required in connection with the pledge of
such Securities) in the case of capital stock, or such other instruments of
transfer as are reasonably acceptable to the Collateral Agent, and will promptly
thereafter (and in any event within five Business Days) deliver to the
Collateral Agent a pledge amendment duly executed by a principal executive
officer of the Pledgor substantially in the form of Exhibit 1 hereto (each, a
"Pledge Amendment"), describing such Securities and certifying that the same has
been duly pledged with the Collateral Agent hereunder. Subject to the last
sentence of Section 2, the Pledgor shall not be required at any time to pledge
hereunder any promissory notes issued to the Pledgor by a Subsidiary which is a
Foreign Corporation or a Foreign Non-Corporate Entity or more than 65% of the
total combined voting power of all classes of capital stock or other interests
of any Foreign Corporation or Foreign Non-Corporate Entity entitled to vote.

      Section 3.3 Uncertificated Securities. Notwithstanding anything to the
contrary contained in Sections 3.1 and 3.2, if any Securities (whether now owned
or hereafter acquired) are uncertificated securities, the Pledgor shall promptly
(and in any event within five Business Days) notify the Collateral Agent
thereof, and shall promptly (and in any event within ten Business Days) take all
actions reasonably required to perfect the security interest of the Collateral
Agent under applicable law. The Pledgor further agrees to take such actions as
the Collateral Agent deems reasonably necessary or desirable to effect the
foregoing (including, without limitation, causing the issuer of such
uncertificated Securities to execute and deliver to the Collateral Agent an
acknowledgment of the pledge of such Securities hereunder substantially in the
form of Exhibit 2 hereto) and to permit the Collateral Agent to exercise any of
its rights

                                       -4-

<PAGE>

and remedies hereunder, and agrees to provide an opinion of counsel reasonably
satisfactory to the Collateral Agent with respect to any such pledge of
uncertificated Securities promptly upon the reasonable request of the Collateral
Agent.

      Section 3.4 Definitions of Pledged Stock; Pledged Notes; Pledged
Securities and Collateral. As used herein, "Collateral" shall mean all of the
following property of the Pledgor, whether now existing or owned or hereafter
arising or acquired:

            (i) all Stock at any time pledged or required to be pledged
      hereunder (hereinafter called the "Pledged Stock");

            (ii) all Interests at any time pledged or required to be pledged
      hereunder (hereinafter called the "Pledged Interests");

            (iii) all Notes at any time pledged or required to be pledged
      hereunder (hereinafter called the "Pledged Notes"; together with all
      Pledged Stock and Pledged Interests are hereinafter called the "Pledged
      Securities");

            (iv) all dividends, cash, options, warrants, rights, instruments,
      distributions, returns of capital or principal, income, interest, profits
      and other property, interests (debt or equity) or proceeds, including as a
      result of a split, revision, reclassification or other like change of the
      Pledged Securities, from time to time received, receivable or otherwise
      distributed to the Pledgor in respect of or in exchange for any or all of
      the Pledged Securities (collectively, "Distributions");

            (v) without affecting the obligations of the Pledgor under any
      provision prohibiting such action hereunder or under the Credit Agreement,
      in the event of any consolidation or merger in which any Person listed in
      Schedule A hereto is not the surviving entity, all shares of each class of
      the capital stock of the successor corporation or interests or
      certificates of the successor limited liability company or partnership or
      other entity owned by the Pledgor (unless such successor is the Pledgor
      itself) formed by or resulting from such consolidation or merger; and

            (vi) all Proceeds (as defined under the Uniform Commercial Code as
      in effect in any relevant jurisdiction (the "UCC") or under other relevant
      law) of any of the foregoing, and in any event, including, without
      limitation, any and all (a) proceeds of any insurance, indemnity, warranty
      or guarantee payable to the Collateral Agent or to the Pledgor from time
      to time with respect to any of the Collateral, (b) payments (in any form
      whatsoever) made or due and payable to the Pledgor from time to time in
      connection with any requisition, confiscation, condemnation, seizure or
      forfeiture of all or any part of the Collateral by any Governmental
      Authority (or any person acting under color of a Governmental Authority),
      (c) instruments representing obligations to pay amounts in respect of any
      Collateral, (d) products of the Collateral and (e) any and all other
      amounts from time to time paid or payable under or in connection with any
      of the Collateral, including any securities and moneys received and at any
      time held by the Collateral Agent hereunder.

                                       -5-

<PAGE>

      Section 4. APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Collateral
Agent shall have the right to appoint one or more sub-agents, at the cost and
expense of the Pledgor, for the purpose of retaining physical possession of the
Pledged Securities on behalf of the Collateral Agent, which may be held (in the
reasonable discretion of the Collateral Agent) in the name of the Pledgor,
endorsed or assigned in blank or in favor of the Collateral Agent or any nominee
or nominees of the Collateral Agent or a sub-agent appointed by the Collateral
Agent.

      Section 5. VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there
shall have occurred and be continuing an Event of Default and the Collateral
Agent has given written notice to the Borrower in accordance with Section 10 of
the Credit Agreement to the extent such notice is required pursuant to Section
10 of the Credit Agreement, the Pledgor shall be entitled to vote any and all
Pledged Securities owned by it, and to give consents, waivers or ratifications
in respect thereof, provided that no vote shall be cast or any consent, waiver
or ratification given or any action taken which would violate, result in breach
of any covenant contained in this Agreement, the Credit Agreement or any other
Credit Document, or which is not permitted under any of the Credit Documents and
could reasonably be expected to have the effect of materially impairing the
value of the Collateral or any material part thereof or the position or
interests of the Collateral Agent or any Secured Creditor. All such rights of
the Pledgor to vote and to give consents, waivers and ratifications shall cease
in case an Event of Default has occurred and is continuing and the Collateral
Agent has given written notice to the Borrower in accordance with Section 10 of
the Credit Agreement to the extent such notice is required pursuant to Section
10 of the Credit Agreement, and Section 7 hereof shall become applicable.

      Section 6. DIVIDENDS AND OTHER DISTRIBUTIONS. Any and all Permitted Tax
Distributions payable to the Pledgor and, unless and until there shall have
occurred and be continuing an Event of Default and the Collateral Agent has
given written notice to the Borrower in accordance with Section 10 of the Credit
Agreement to the extent such notice is required pursuant to Section 10 of the
Credit Agreement, all other cash dividends and distributions payable in respect
of the Pledged Stock and Pledged Interests and all payments in respect of the
Pledged Notes shall be paid to the Pledgor. The Collateral Agent shall be
entitled to receive directly, and to retain as part of the Collateral:

            (a) all other or additional stock or securities or other interests
      (other than cash) paid or distributed by way of dividend or otherwise, as
      the case may be, in respect of the Pledged Securities;

            (b) all other or additional stock or other securities or other
      interests paid (other than cash) or distributed in respect of the Pledged
      Securities by way of stock-split, spin-off, split-up, reclassification,
      combination of shares or similar rearrangement; and

            (c) all other or additional stock or other securities or other
      interests or property (excluding cash) which may be paid in respect of the
      Collateral by reason of any consolidation, merger, exchange of stock,
      conveyance of assets, liquidation or similar corporate reorganization.

                                       -6-

<PAGE>

Nothing contained in this Section 6 shall limit or restrict in any way the
Collateral Agent's right to receive proceeds of the Collateral in any form in
accordance with Section 3 of this Agreement. All dividends, distributions or
other payments which are received by the Pledgor contrary to the provisions of
this Section 6 and Section 7 shall be received in trust for the benefit of the
Collateral Agent, shall be segregated from other property or funds of the
Pledgor and shall be forthwith paid or delivered over to the Collateral Agent as
Collateral in the same form as so received (with any necessary endorsement).

      Section 7. REMEDIES IN CASE OF EVENTS OF DEFAULT. If there shall have
occurred and be continuing an Event of Default and the Collateral Agent has
given written notice to the Borrower in accordance with Section 10 of the Credit
Agreement to the extent such notice is required pursuant to Section 10 of the
Credit Agreement, then and in every such case, the Collateral Agent shall be
entitled to exercise all of the rights, powers and remedies (whether vested in
it by this Agreement, any other Credit Document, any Interest Rate Protection
Agreement or Other Hedging Agreement or by law) for the protection and
enforcement of its rights in respect of the Collateral, and the Collateral Agent
shall be entitled to exercise all the rights and remedies of a secured party
under the UCC and also shall be entitled, without limitation, to exercise the
following rights, which the Collateral Agent agrees to exercise in a
commercially reasonable manner:

            (a) to receive all amounts payable in respect of the Collateral
      otherwise payable under Section 6 to the Pledgor (excluding Permitted Tax
      Distribution, which shall be payable to and may be retained by the
      Pledgor);

            (b) to transfer all or any part of the Collateral into the
      Collateral Agent's name or the name of its nominee or nominees;

            (c) to accelerate any Pledged Note which may be accelerated in
      accordance with its terms, and take any other lawful action to collect
      upon any Pledged Note at such times and under the conditions set forth
      therein;

            (d) to vote all or any part of the Pledged Stock and/or Pledged
      Interests (whether or not transferred into the name of the Collateral
      Agent) and give all consents, waivers and ratifications in respect of the
      Collateral and otherwise act with respect thereto in a commercially
      reasonable manner as though it were the outright owner thereof (the
      Pledgor hereby irrevocably constituting and appointing the Collateral
      Agent the proxy and attorney-in-fact of the Pledgor, with full power of
      substitution to do so upon the occurrence and during the continuance of an
      Event of Default provided that the Collateral Agent has delivered written
      notice to the Borrower in accordance with Section 10 of the Credit
      Agreement to the extent such notice is required pursuant to Section 10 of
      the Credit Agreement); and

            (e) to sell, assign and deliver, or grant options to purchase, all
      or any part of the Collateral, or any interest therein, at any public or
      private sale, without demand of performance, advertisement or notice of
      intention to sell or of the time or place of sale or adjournment thereof
      or to redeem or otherwise (all of which are hereby waived by the Pledgor),
      for cash, on credit or for other property, for immediate or future
      delivery

                                       -7-

<PAGE>

      without any assumption of credit risk, and for such price or prices and on
      such terms as the Collateral Agent may determine in a commercially
      reasonable manner, provided that at least 10 days' written notice of the
      time and place of any such sale shall be given to the Pledgor. The
      Collateral Agent shall not be obligated to make any such sale of
      Collateral regardless of whether any such notice of sale has theretofore
      been given. The Pledgor hereby waives and releases to the fullest extent
      permitted by law any right or equity of redemption with respect to the
      Collateral, whether before or after sale hereunder other than the
      Pledgor's right to receive any excess proceeds or Collateral remaining
      after payment in full of the Obligations, and all rights, if any, of
      marshaling the Collateral and any other security for the obligations or
      otherwise. At any such sale, unless prohibited by applicable law, the
      Collateral Agent on behalf of the Secured Creditors may bid for and
      purchase all or any part of the Collateral so sold free from any such
      right or equity of redemption. Neither the Collateral Agent nor any
      Secured Creditor shall be liable for failure to collect (except in such
      cases where the Collateral Agent bids for and purchases all or part of the
      Collateral) or realize upon any or all of the Collateral or for any delay
      in so doing nor shall any of them be under any obligation to take any
      action whatsoever with regard thereto.

      Section 8. REMEDIES, ETC., CUMULATIVE. Each and every right, power and
remedy of the Collateral Agent provided for in this Agreement, the other Credit
Documents, or the Interest Rate Protection Agreements or Other Hedging
Agreements, or now or hereafter existing at law or in equity or by statute shall
be cumulative and concurrent and shall be in addition to every other such right,
power or remedy. The exercise or beginning of the exercise by the Collateral
Agent or any Secured Creditor of any one or more of the rights, powers or
remedies provided for in this Agreement, the other Credit Documents or the
Interest Rate Protection Agreements or Other Hedging Agreements or now or
hereafter existing at law or in equity or by statute or otherwise shall not
preclude the simultaneous or later exercise by the Collateral Agent or any
Secured Creditor of all such other rights, powers or remedies, and no failure or
delay on the part of the Collateral Agent or any Secured Creditor to exercise
any such right, power or remedy shall operate as a waiver thereof except as
required by applicable law. Unless otherwise required by the Credit Documents,
no notice to or demand on the Pledgor in any case shall entitle it to any other
or further notice or demand in similar or other circumstances or constitute a
waiver of any of the rights of the Collateral Agent or any Secured Creditor to
any other or further action in any circumstances without notice or demand.

      Section 9. APPLICATION OF PROCEEDS. (a) All moneys collected by the
Collateral Agent upon any sale or other disposition of the Collateral, together
with all other moneys received by the Collateral Agent hereunder, shall be
applied to the payment of the Obligations in the manner set forth in Section 7.4
of the Security Agreement.

      Section 10. PURCHASERS OF COLLATERAL. Upon any sale of the Collateral by
the Collateral Agent hereunder (whether by virtue of the power of sale herein
granted, pursuant to judicial process or otherwise), the receipt of the
Collateral Agent or the officer making the sale shall be a sufficient discharge
to the purchaser or purchasers of the Collateral so sold, and such purchaser or
purchasers shall not be obligated to see to the application of any part of the
purchase money paid over to the Collateral Agent or such officer or be
answerable in any way for the misapplication or nonapplication thereof.

                                       -8-

<PAGE>

      Section 11. INDEMNITY. The Pledgor agrees to indemnify and hold harmless
the Collateral Agent, and each Secured Creditor and their respective successors,
assigns, employees, agents and servants (each, an "Indemnitee"; collectively,
the "Indemnities") from and against any and all claims, demands, losses,
judgments and liabilities (including liabilities for penalties) of whatsoever
kind or nature, and to reimburse each Indemnitee for all costs and expenses,
including reasonable attorneys' fees, growing out of or resulting from this
Agreement or the exercise by any Indemnitee of any right or remedy granted to it
hereunder or under the other Credit Documents or the Interest Rate Protection
Agreement and Other Hedging Agreements (but excluding any claims, demands,
losses, judgments and liabilities or expenses to the extent finally judicially
determined to have been incurred by reason of gross negligence or willful
misconduct of such Indemnitee). If and to the extent that the obligations of the
Pledgor under this Section 11 are unenforceable for any reason, the Pledgor
hereby agrees to make the maximum contribution to the payment and satisfaction
of such obligations which is permissible under applicable law.

      Section 12. FURTHER ASSURANCES; POWER-OF-ATTORNEY. (a) The Pledgor agrees
that it will join with the Collateral Agent in executing and, at its own
expense, file and refile under the UCC or other applicable law such financing
statements, continuation statements and other documents in such offices as the
Collateral Agent may deem reasonably necessary and wherever required by law in
order to perfect and preserve the Collateral Agent's security interest in the
Collateral and hereby authorizes the Collateral Agent to file financing
statements and amendments thereto relative to all or any part of the Collateral
of the Pledgor where permitted by law, and agrees to do such further acts and
things and to execute and deliver to the Collateral Agent such additional
conveyances, assignments, agreements and instruments as the Collateral Agent may
reasonably require or deem necessary to carry into effect the purposes of this
Agreement or to further assure and confirm unto the Collateral Agent its rights,
powers and remedies hereunder.

      (b) The Pledgor hereby appoints the Collateral Agent the Pledgor's
attorney-in-fact, with full authority in the place and stead of the Pledgor and
in the name of the Pledgor or otherwise, from time to time after the occurrence
and during the continuance of an Event of Default and provided that the
Collateral Agent shall have delivered notice to the Pledgor in accordance with
Section 10 of the Credit Agreement, to the extent such notice is required
pursuant to Section 10 of the Credit Agreement, in the Collateral Agent's
reasonable discretion to take any action and to execute any instrument which the
Collateral Agent may reasonably deem necessary or advisable to accomplish the
purposes of this Agreement.

      Section 13. THE PLEDGEE AS AGENT. The Collateral Agent will hold in
accordance with this Agreement all items of the Collateral at any time received
under this Agreement. It is expressly understood and agreed by the parties
hereto and each Secured Creditor, by accepting the benefits of this Agreement,
each such person acknowledges and agrees that the obligations of the Collateral
Agent as holder of the Collateral and interests therein and with respect to the
disposition thereof, and otherwise under this Agreement, are only those
expressly set forth in this Agreement. The Collateral Agent shall act hereunder
on the terms and conditions set forth herein and in Section 12 of the Credit
Agreement.

                                       -9-

<PAGE>

      Section 14. TRANSFER BY THE PLEDGOR. The Pledgor will not sell or
otherwise dispose of, grant any option with respect to, or mortgage, pledge or
otherwise encumber any of the Collateral or any interest therein (except as may
be permitted in accordance with the terms of the Credit Agreement).

      Section 15. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PLEDGOR. The
Pledgor represents and warrants that as of the date hereof (i) it is, or at the
time when pledged hereunder will be, the legal, record and beneficial owner of,
and has (or will have) good title to, all Collateral pledged by it hereunder,
subject to no Lien (except the Lien created by this Agreement and except
Permitted Liens); (ii) it has full corporate power, authority and legal right to
pledge all the Collateral pursuant to this Agreement; (iii) this Agreement has
been duly authorized, executed and delivered by the Pledgor and constitutes a
legal, valid and binding obligation of the Pledgor enforceable in accordance
with its terms, except to the extent that the enforceability hereof may be
limited by applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium or other similar laws generally affecting creditors'
rights and by equitable principles (regardless of whether enforcement is sought
in equity or at law); (iv) except to the extent already obtained or made, no
consent of any other party (including, without limitation, any stockholder or
creditor of the Pledgor or any of its Subsidiaries) and no consent, license,
permit, approval or authorization of, exemption by, notice or report to, or
registration, filing or declaration with, any governmental authority is required
to be obtained by the Pledgor in connection with (w) the execution, delivery or
performance of this Agreement, (x) the validity or enforceability of this
Agreement, (y) the perfection or enforceability of the Collateral Agent's
security interest in the Collateral or (z) except for compliance with or as may
be required by applicable securities laws, the exercise by the Collateral Agent
of any of its rights or remedies provided herein; (v) the execution, delivery
and performance of this Agreement will not violate any provision of any
applicable law or regulation or of any order, judgment, writ, award or decree of
any court, arbitrator or governmental authority, domestic or foreign, applicable
to the Pledgor, or of the Certificate of Incorporation or By-Laws of the Pledgor
or of any securities issued by the Pledgor or any of its Subsidiaries, or of any
material mortgage, indenture, lease, loan agreement, credit agreement or other
contract, agreement or instrument or undertaking to which the Pledgor or any of
its Subsidiaries is a party or which purports to be binding upon the Pledgor or
any of its Subsidiaries or upon any of their respective assets and will not
result in the creation or imposition of (or the obligation to create or impose)
any lien or encumbrance on any of the material assets of the Pledgor or any of
its Subsidiaries except as contemplated by this Agreement; (vi) all the shares
of the Stock and Interests have been duly and validly issued, are fully paid and
non-assessable (in the case of the Pledged Stock) and are subject to no options
to purchase or similar rights; (vii) each of the Pledged Notes to the extent
executed by the Borrower or any of its Subsidiaries constitutes, or when
executed by the obligor thereof will constitute, the legal, valid and binding
obligation of such obligor, enforceable in accordance with its terms, except to
the extent that the enforceability thereof may by limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
generally affecting creditors' rights and by equitable principles (regardless of
whether enforcement is sought in equity or at law); and (viii) the pledge,
collateral assignment and, in the case of certificated securities, delivery to
the Collateral Agent of the Securities or, in the case of uncertificated
securities, the filing of a financing statement naming the Pledgor, as debtor,
and, the Collateral Agent, as Secured Party, in each case, pursuant to this
Agreement creates (i) a valid and perfected first priority Lien in the
Collateral in favor of the Collateral Agent for the

                                      -10-

<PAGE>

benefit of the Secured Creditors subject to no other Lien or to any agreement
purporting to grant to any third party a Lien on the property or assets of the
Pledgor which would include the Collateral. The Pledgor covenants and agrees
that it will take commercially reasonable steps to defend the Collateral Agent's
right, title and security interest in and to the Collateral against the claims
and demands of all persons whomsoever; and the Pledgor covenants and agrees that
it will have like title to and right to pledge any other property at any time
hereafter pledged to the Collateral Agent as Collateral hereunder and will
likewise take commercially reasonable steps to defend the right thereto and
security interest therein of the Collateral Agent and the Secured Creditors.

      The Pledgor further represents, warrants and covenants that the exact
legal name, type of organization and jurisdiction of organization (together with
the organizational identification number, if any, issued by such jurisdiction to
the Pledgor) of the Pledgor is set forth in Schedule B hereto. The Pledgor shall
not "reincorporate" or "reorganize" or otherwise cause the Collateral to be
transferred to a Person incorporated or organized in another state except to the
extent (x) permitted pursuant to the provisions of the Credit Agreement, (y) it
shall have given to Collateral Agent not less than 30 days' prior written notice
(in the form of an officers' certificate) of its intention so to do clearly
describing such transaction and providing such other information in connection
therewith as Collateral Agent may reasonably request and (z) with respect to
such transaction, the Pledgor shall have taken all action reasonably
satisfactory to Collateral Agent to maintain the perfection and priority of the
security interest of Collateral Agent for the benefit of the Secured Parties in
the Collateral intended to be granted hereby.

      Section 16. PLEDGOR'S OBLIGATIONS ABSOLUTE, ETC. The obligations of the
Pledgor under this Agreement shall be absolute and unconditional and shall
remain in full force and effect without regard to, and shall not be released,
suspended, discharged, terminated or otherwise affected by, any circumstance or
occurrence whatsoever, including, without limitation: (a) any renewal,
extension, amendment or modification of or addition or supplement to or deletion
from the Credit Documents, the Interest Rate Protection Agreements or Other
Hedging Agreements, or any other instrument or agreement referred to therein, or
any assignment or transfer of any thereof; (b) any waiver, consent, extension,
indulgence or other action or inaction under or in respect of any such agreement
or instrument including, without limitation, this Agreement; (c) any furnishing
of any additional security to the Collateral Agent or its assignee or any
acceptance thereof or any release of any security by the Collateral Agent or its
assignee; (d) any limitation on any party's liability or obligations under any
such instrument or agreement or any invalidity or unenforceability, in whole or
in part, of any such instrument or agreement or any term thereof; or (e) any
bankruptcy, insolvency, reorganization, composition, adjustment, dissolution,
liquidation or other like proceeding relating to the Pledgor or any Subsidiary
of the Pledgor, or any action taken with respect to this Agreement by any
trustee or receiver, or by any court, in any such proceeding, whether or not the
Pledgor shall have notice or knowledge of any of the foregoing.

      Section 17. REGISTRATION, ETC. If at any time when the Collateral Agent
shall determine to exercise its right to sell all or any part of the Pledged
Securities pursuant to Section 7, and such Pledged Securities or the part
thereof to be sold shall not, for any reason whatsoever, be effectively
registered under the Securities Act of 1933, as then in effect, the

                                      -11-

<PAGE>

Collateral Agent may, in its sole and absolute discretion, sell such Pledged
Securities or part thereof by private sale in such manner and under such
circumstances as the Collateral Agent may deem reasonably necessary or advisable
in order that such sale may legally be effected without such registration.
Without limiting the generality of the foregoing, in any such event the
Collateral Agent, in its commercially reasonable discretion (i) may proceed to
make such private sale notwithstanding that a registration statement for the
purpose of registering such Pledged Securities or part thereof shall have been
filed under such Securities Act, (ii) may approach and negotiate with a single
possible purchaser to effect such sale, and (iii) may restrict such sale to a
purchaser who will represent and agree that such purchaser is purchasing for its
own account, for investment, and not with a view to the distribution or sale of
such Pledged Securities or part thereof. In the event of any such sale, the
Collateral Agent shall incur no responsibility or liability for selling all or
any part of the Pledged Securities at a price which the Collateral Agent, in its
commercially reasonable discretion, in good faith deems reasonable under the
circumstances, notwithstanding the possibility that a substantially higher price
might be realized if the sale were deferred until after registration as
aforesaid.

      Section 18. TERMINATION; RELEASE. (a) After the Termination Date (as
defined below), this Agreement and the security interest created hereby shall
terminate, and the Collateral Agent, at the request and expense of the Pledgor,
will execute and deliver to the Pledgor a proper instrument or instruments
acknowledging the satisfaction and termination of this Agreement, and will duly
assign, transfer and deliver to the Pledgor (without recourse and without any
representation or warranty other than a representation that the Collateral Agent
has not granted any lien on or security interest in the Collateral) such of the
Collateral as may be in the possession of the Collateral Agent or any of its
subagents and has not theretofore been sold or otherwise applied or released
pursuant to this Agreement, together with any proceeds of Collateral at the time
held by the Collateral Agent or any of its sub-agents hereunder. As used in this
Agreement, "Termination Date" shall mean the date upon which the Commitments and
all Interest Rate Protection Agreements or Other Hedging Agreements have been
terminated, no Note under the Credit Agreement is outstanding (and all Loans
have been repaid in full), all Letters of Credit have been terminated and all
obligations then owing have been paid in full.

      (b) Notwithstanding anything to the contrary contained above, upon the
presentment of satisfactory evidence to the Collateral Agent in its sole
discretion that all obligations evidenced by any Pledged Note have been repaid
or otherwise satisfied or forgiven in full, and that any payments received by
the Pledgor were permitted to be received by the Pledgor pursuant to Section 6
hereof, the Collateral Agent shall, upon the request and at the expense of the
Pledgor, duly assign, transfer and deliver to the Pledgor (without recourse and
without any representation or warranty other than a representation that the
Collateral Agent has not granted any lien on or security interest in such
Pledged Note) such Pledged Note if same is then in the possession of the
Collateral Agent or any of its sub-agents and has not theretofore been sold or
otherwise applied or released pursuant to this Agreement.

      (c) In the event that any part of the Collateral is sold in connection
with a sale permitted by Section 9.02 of the Credit Agreement or otherwise
released at the direction of the Required Banks (or all Banks if required by
Section 13.12 of the Credit Agreement) and the proceeds of such sale or sales or
from such release are applied in accordance with the provisions of Section
4.02(f) of the Credit Agreement, to the extent required to be so applied, the
Collateral

                                      -12-

<PAGE>

Agent, at the request and expense of the Pledgor, will duly assign, transfer and
deliver to the Pledgor (without recourse and without any representation or
warranty) such of the Collateral as is then being (or has been) so sold or
released and as may be in the possession of the Collateral Agent or any of its
sub-agents and has not theretofore been released pursuant to this Agreement.

      (d) At any time that the Pledgor desires that Collateral be released as
provided in the foregoing subsection (a), (b) or (c), it shall deliver to the
Collateral Agent a certificate signed by its chief financial officer stating
that the release of the respective Collateral is permitted pursuant to such
subsection (a), (b) or (c).

      (e) Collateral Agent shall have no liability whatsoever to any Secured
Creditor as the result of any release of Collateral by it in accordance with
this Section 18.

      Section 19. NOTICES ETC. All such notices and communications hereunder
shall be telecopied or delivered by messenger or overnight courier service and
all such notices and communications shall, when mailed, telegraphed, telexed,
telecopied, or cabled or sent by overnight courier, be effective when delivered
to the telegraph company, cable company or overnight courier, as the case may
be, or sent by telex or telecopier and when mailed shall be effective three
Business Days following deposit in the mail with proper postage, except that
notices and communications to the Collateral Agent shall not be effective until
received by the Collateral Agent. All notices and other communications shall be
in writing and addressed as follows:

            (a) if to the Pledgor, at:

            (b) Coinmach Laundry Corporation
                303 Sunnyside Boulevard
                Plainview, New York 11803
                Attention: Robert M. Doyle

                with a copy to:

                Mayer Brown & Platt
                1675 Broadway
                New York, NY 10019
                Attention: Ronald S. Brody

            (b) if to the Collateral Agent, at:

                Bankers Trust Company
                31 West 52nd Street
                New York, New York 10019
                Attention: Deal Administration

            (c) if to any Bank Creditor, either (x) to the Administrative Agent,
      at the address of the Administrative Agent specified in the Credit
      Agreement or (y) at such address as such Bank Creditor shall have
      specified in the Credit Agreement; and

                                      -13-

<PAGE>

            (d) if to any Other Creditor at such address as such Other Creditor
      shall have specified in writing to the Pledgor and the Collateral Agent.

or at such other address as shall have been furnished in writing by any Person
described above to and received by the party required to give notice hereunder.

      Section 20. WAIVER; AMENDMENT. None of the terms and conditions of this
Agreement may be changed, waived, modified or varied in any manner whatsoever
unless in writing duly signed by the Pledgor, the Collateral Agent (with the
written consent of the Required Banks or, to the extent required by Section
13.12 of the Credit Agreement, with the consent of each of the Banks); provided,
however, that any change, waiver, modification or variance affecting the rights
and benefits of a single Class (as defined below) of Secured Creditors (and not
all Secured Creditors in a like or similar manner) shall require the written
consent of the Requisite Creditors (as defined below) of such affected Class.
For the purpose of this Agreement, the term "Class" shall mean each class of
Secured Creditors, i.e., whether (y) the Bank Creditors as holders of the Credit
Agreement Obligations or (z) the Other Creditors as the holders of the Other
Obligations. For the purpose of this Agreement, the term "Requisite Creditors"
of any Class shall mean each of (x) with respect to the Credit Agreement
Obligations, the Required Banks and (y) with respect to the Other Obligations,
the holders of 51% of all obligations outstanding from time to time under the
Interest Rate Protection Agreements or Other Hedging Agreements.

      Section 21. MISCELLANEOUS. This Agreement shall be binding upon the
parties hereto and their respective successors and assigns and shall inure to
the benefit of and be enforceable by each of the parties hereto and its
successors and assigns. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. The headings
in this Agreement are for purposes of reference only and shall not limit or
define the meaning hereof. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which shall
constitute one instrument. In the event that any provision of this Agreement
shall prove to be invalid or unenforceable, such provision shall be deemed to be
severable from the other provisions of this Agreement which shall remain binding
on all parties hereto.

      Section 22. RECOURSE. This Agreement is made with full recourse to the
Pledgor and pursuant to and upon all the representations, warranties, covenants
and agreements on the part of the Pledgor contained herein, in the other Credit
Documents, in the Interest Rate Protection Agreements or Other Hedging
Agreements, and otherwise in writing in connection herewith or therewith.

                                      -14-

<PAGE>

            IN WITNESS WHEREOF, the Pledgor and the Collateral Agent have caused
this Agreement to be executed by their duly elected officers duly authorized as
of the date first above written.

                                                COINMACH LAUNDRY CORPORATION,
                                                      as Pledgor

                                                By /s/ Robert M. Doyle
                                                   -----------------------------
                                                   Name: Robert M. Doyle
                                                   Title: CFO

                                                BANKERS TRUST COMPANY,
                                                      as Collateral Agent

                                                By: /s/ Mary Kay Cole
                                                    ----------------------------
                                                    Name: Mary Kay Cole
                                                    Title: Managing Director

                                      -15-

<PAGE>

                                   SCHEDULE A

PLEDGOR: [----------------------------]

Part I. PLEDGED STOCK

<TABLE>
<CAPTION>
                                                                                          Percentage of all
                                                                                        Outstanding Shares of
Name of Issuing Corporation   Type of Shares   Number of Shares   Certificate No(s).   Capital Stock of Issuer
---------------------------   --------------   ----------------   ------------------   -----------------------
<S>                           <C>              <C>                <C>                  <C>
</TABLE>

Part II. PLEDGED NOTES

<TABLE>
<CAPTION>
Name of Issuer   Principal Amount   Date of Issuance   Interest Rate   Maturity Date
--------------   ----------------   ----------------   -------------   -------------
<S>              <C>                <C>                <C>             <C>
</TABLE>

Part III. PLEDGED INTERESTS

<TABLE>
<CAPTION>
Name of Issuing Non-                                            Percentage of all Outstanding
Corporate Entity        Type of Interest   Certificate No(s).   Interest of Issuer
--------------------    ----------------   -----------------    -----------------------------
<S>                     <C>                <C>                  <C>
</TABLE>

<PAGE>

                                   SCHEDULE B

<TABLE>
<CAPTION>
                                 Organizational
Type of        Jurisdiction of   Identification   Chief Executive   Principal Place of
Organization   Organization      Number           Office            Business
------------   ---------------   --------------   ---------------   ------------------
<S>            <C>               <C>              <C>               <C>

</TABLE>

<PAGE>

                                    EXHIBIT 1

      This Pledge Amendment, dated ______________, is delivered pursuant to
Section 3.2 of the Agreement referred to below. The undersigned hereby agrees
that this Pledge Amendment may be attached to the HOLDINGS PLEDGE AGREEMENT,
dated as of January 25, 2002, among the undersigned, certain other parties
identified therein and BANKERS TRUST COMPANY, as Collateral Agent (the
"Agreement" capitalized terms used herein and not defined have the meanings
ascribed to them in the Agreement) and that the Pledged Securities listed on
this Pledge Amendment shall be deemed to be and shall become part of the
Collateral and shall secure all Obligations.

                                          _____________________________________,
                                          as Pledgor

                                          By:___________________________________
                                             Name:
                                             Title:

Part I. PLEDGED STOCK

<TABLE>
<CAPTION>
                                                                                         Percentage of all
                                                                                        Outstanding Shares of
Name of Issuing Corporation   Type of Shares   Number of Shares   Certificate No(s).   Capital Stock of Issuer
---------------------------   --------------   ----------------   -----------------    -----------------------
<S>                           <C>              <C>                <C>                  <C>
</TABLE>

Part II. PLEDGED NOTES

<TABLE>
<CAPTION>
Name of Issuer   Principal Amount   Date of Issuance   Interest Rate   Maturity Date
--------------   ----------------   ----------------   -------------   -------------
<S>              <C>                <C>                <C>             <C>
</TABLE>

Part III. PLEDGED INTERESTS

<TABLE>
<CAPTION>
Name of Issuing                                                Percentage of all Outstanding
Non-Corporate Entity   Type of Interest   Certificate No(s).        Interest of Issuer
--------------------   ----------------   ------------------   ------------------------------
<S>                    <C>                <C>                  <C>
</TABLE>

<PAGE>

                                    EXHIBIT 2

                          FORM OF ISSUER ACKNOWLEDGMENT

      The undersigned hereby (i) acknowledges receipt of a copy of the HOLDINGS
PLEDGE AGREEMENT (as amended, amended and restated, supplemented or otherwise
modified from time to time, the "Agreement"; capitalized terms used herein but
not defined herein have the meanings given such terms in the Agreement), dated
as of January 25, 2002, among COINMACH CORPORATION, EACH OF THE GUARANTORS
LISTED ON THE SIGNATURE PAGES THERETO and BANKERS TRUST COMPANY, as collateral
agent (in such capacity, "Collateral Agent"), (ii) agrees promptly to note on
its books the security interests granted and confirmed under the Agreement in
[DESCRIBE SECURITIES] (the "Uncertificated Securities"), (iii) agrees that it
will comply with instructions of Collateral Agent with respect to the
Uncertificated Securities and all proceeds and other interest related thereto
constituting Collateral without further consent by applicable Pledgor, (iv)
agrees to notify Collateral Agent upon obtaining knowledge of any interest in
favor of any Person in the Uncertificated Securities or any related Collateral
that is adverse to the interest of Collateral Agent therein and (v) waives any
right or requirement at any time hereafter to receive a copy of the Agreement in
connection with the registration of any uncertificated Securities thereunder in
the name of Collateral Agent or its nominee or the exercise of voting rights by
Collateral Agent or its nominee.

                                          [NAME OF ISSUER]

                                          By:___________________________________
                                             Name:
                                             Title:

Note: This form should be signed by each issuer of uncertificated Pledged
      Collateral.

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