Document:

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                                                                     EXHIBIT 4.5

         FOURTH AMENDMENT TO CREDIT AGREEMENT; FIRST AMENDMENT TO U.S. SECURITY
         AGREEMENT; AND ACKNOWLEDGMENTS AND AGREEMENTS WITH RESPECT TO U.S.
         SUBSIDIARIES GUARANTY AND U.S. SECURITY DOCUMENTS

                  FOURTH AMENDMENT TO CREDIT AGREEMENT; FIRST AMENDMENT TO U.S.
SECURITY AGREEMENT; AND ACKNOWLEDGMENTS AND AGREEMENTS WITH RESPECT TO U.S.
SUBSIDIARIES GUARANTY AND U.S. SECURITY DOCUMENTS (collectively, this
"Amendment"), dated as of December 14, 2001, among QUALITY DISTRIBUTION, INC.
(f/k/a MTL, Inc.), a Florida corporation (the "U.S. Borrower"), LEVY TRANSPORT
LTD./LEVY TRANSPORT LTEE, a Quebec company and a Wholly-Owned Subsidiary of the
U.S. Borrower (the "Canadian Borrower"), the various Subsidiaries of the U.S.
Borrower party to the U.S. Subsidiaries Guaranty, the U.S. Security Agreement
and the U.S. Pledge Agreement referred to below (collectively, the "U.S.
Subsidiary Guarantors"), various Banks party to the Credit Agreement referred to
below and CREDIT SUISSE FIRST BOSTON, as Administrative Agent (in such capacity,
the "Administrative Agent") under the Credit Agreement and as Collateral Agent
(in such capacity, the "Collateral Agent") under the U.S. Security Agreement.
All capitalized terms used herein and not otherwise defined herein shall have
the respective meanings provided such terms in the Credit Agreement referred to
below.

                              W I T N E S S E T H:

                  WHEREAS, the U.S. Borrower, the Canadian Borrower, the Banks,
Lasalle Bank National Association, The Bank of Nova Scotia, PB Capital Corp.
(f/k/a BHF-Bank Aktiengesellschaft), Bank Austria Creditanstalt Corporate
Finance, Inc. (f/k/a Creditanstalt Corporate Finance, Inc.) and Royal Bank of
Canada, as Co-Agents, Salomon Brothers Holding Company, Inc., as Documentation
Agent, Bankers Trust Company, as Syndication Agent, and the Administrative Agent
are parties to a Credit Agreement, dated as of June 9, 1998 and amended and
restated as of August 28, 1998 (as so amended and restated and as the same has
been further amended, modified and/or supplemented through but not including the
date hereof, the "Credit Agreement");

                  WHEREAS, the U.S. Borrower, the U.S. Subsidiary Guarantors and
the Collateral Agent are parties to a Security Agreement, dated as of June 9,
1998 and amended and restated as of August 28, 1998 (as so amended and restated,
the "U.S. Security Agreement");

                  WHEREAS, the U.S. Subsidiary Guarantors and the Administrative
Agent are parties to a Subsidiaries Guaranty, dated as of June 9, 1998 and
amended and restated as of August 28, 1998 (as so amended and restated, the
"U.S. Subsidiaries Guaranty");

                  WHEREAS, the U.S. Borrower, the U.S. Subsidiary Guarantors and
the Collateral Agent are parties to a Pledge Agreement, dated as of June 9, 1998
and amended and restated as of August 28, 1998 (as so amended and restated, the
"U.S. Pledge Agreement"); and

                  WHEREAS, subject to the terms and conditions of this
Amendment, the parties hereto wish to amend or otherwise modify certain
provisions of the Credit Agreement and the U.S. Security Agreement, and the U.S.

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Credit Parties wish to enter into certain agreements with respect to the U.S.
Subsidiaries Guaranty and the U.S. Security Documents, in each case as herein
provided;

                  NOW, THEREFORE, it is agreed:

I.       AMENDMENTS AND CONSENT TO CREDIT AGREEMENT.

                  1. Section 1.01 of the Credit Agreement is hereby amended by
inserting the following new clause (g) at the end of said Section:

                  "(g) Subject to and upon the terms and conditions set forth
         herein, each Bank with a Tranche D Term Loan Commitment severally
         agrees to make, on the Fourth Amendment Effective Date, a term loan or
         term loans (each, a "Tranche D Term Loan" and, collectively, the
         "Tranche D Term Loans") to the U.S. Borrower, which Tranche D Term
         Loans:

                           (i) shall be denominated in U.S. Dollars;

                           (ii) except as hereafter provided, shall, at the
                  option of the U.S. Borrower, be incurred and maintained as,
                  and/or converted into, Base Rate Loans or Eurodollar Loans,
                  PROVIDED that except as otherwise specifically provided in
                  Section 1.10(b), all Tranche D Term Loans made as part of the
                  same Borrowing shall at all times consist of Tranche D Term
                  Loans of the same Type; and

                           (iii) shall not exceed for any Bank, in that initial
                  principal amount, that amount which equals the Tranche D Term
                  Loan Commitment of such Bank as in effect on the Fourth
                  Amendment Effective Date (before giving effect to the
                  termination thereof on such date pursuant to Section 3.03(i)).

                  Once repaid, Tranche D Term Loans incurred hereunder may not
                  be reborrowed.".

                  2. Notwithstanding anything to the contrary contained in the
Credit Agreement, the Borrowers and the Banks hereby agree that on and after the
Fourth Amendment Effective Date (as defined below) and to but excluding the
Original Financial Covenants Compliance Date (as defined below), (i) no Credit
Event constituting the making of a Loan (other than a Revolving Loan made
pursuant to a Mandatory Borrowing) or the issuance of a Letter of Credit shall
be permitted to occur if the occurrence of the same (after giving effect to the
application of the proceeds therefrom) would cause the Total Revolving Credit
Exposure (as defined below) to exceed $70,397,408.17(1). As used herein, (A) the
term "Total Revolving Credit Exposure" shall mean, at any time, the sum of (i)
the aggregate principal amount of all Revolving Loans then outstanding (for this
purpose, (x) at all times prior to the occurrence of any Sharing Event and
automatic conversion of all Canadian Dollar Revolving Loans to Dollar Revolving

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(1)   Amount equals the sum of $15.0 million PLUS the Total Revolving Credit
      Exposure on the Fourth Amendment Effective Date.

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Loans pursuant to Section 1.15, using the Dollar Equivalent (determined on the
same basis as provided for Section 1.01 of the Credit Agreement in the
definition thereof and subject to the second proviso appearing in said
definition) of the principal amount or Face Amount, as the case may be, of all
Canadian Dollar Revolving Loans then outstanding and (y) at all times after the
occurrence of any Sharing Event, giving effect to the conversions required by
Section 1.15 and to all participations purchased by such Bank pursuant to
Section 1.15) PLUS (ii) the aggregate amount of all Letter of Credit
Outstandings at such time PLUS (iii) the aggregate principal amount of all
Swingline Loans then outstanding and (B) the term "Original Financial Covenants
Compliance Date" shall mean the date of the first delivery by the U.S. Borrower
of a compliance certificate pursuant to (and in accordance with the requirements
of) Section 8.01(d) in respect of any fiscal quarter or fiscal year of the U.S.
Borrower ending on or after the fiscal year of the U.S. Borrower ended December
31, 2002, demonstrating, INTER ALIA, compliance with the financial covenant
contained in Section 9.17 (in the case of a compliance certificate delivered for
the fiscal year ended December 31, 2002) or the financial covenants contained in
Sections 9.09 and 9.10 (in the case of a compliance certificate delivered for a
fiscal quarter or fiscal year ended after December 31, 2002), in any such case
as at the end of the relevant fiscal quarter or fiscal year, as the case may be.
The parties hereto understand and agree that this Section 2 shall supersede and
replace in all respects Section 1 of the Consent and Waiver to the Credit
Agreement, dated as of October 26, 2001.

                  3. Section 1.03(a) of the Credit Agreement is hereby amended
by inserting the text "Tranche D Term Loans," immediately following the text
"Tranche C Term Loans," appearing in clause (iii) of the second sentence in said
Section.

                  4. Section 1.05(a) of the Credit Agreement is hereby amended
by (i) deleting the term "Section 1.05(i)" appearing in said Section and
inserting the term "Section 1.05(j)" in lieu thereof, (ii) deleting the word
"and" appearing at the end of clause (v) of said Section and inserting a comma
in lieu thereof and (iii) inserting the following new clause (vii) at the end of
said Section:

         "and (vii) if Tranche D Term Loans, by a promissory note substantially
         in the form of Exhibit B-7 with blanks appropriately completed in
         conformity herewith (each, a "Tranche D Term Note" and, collectively,
         the "Tranche D Term Notes")".

                  5. Section 1.05 of the Credit Agreement is hereby further
amended by (i) redesignating clauses (h) and (i) thereof as clauses (i) and (j),
respectively, (ii) deleting the text "clause (f)" appearing in the third
sentence of clause (j) of said Section (as redesignated pursuant to preceding
clause (i)) and inserting the text "clause (i)" in lieu thereof and (iii)
inserting the following new clause (h) immediately following clause (g) of said
Section:

                  "(h) The Tranche D Term Note issued to each Bank with a
         Tranche D Term Loan Commitment and/or outstanding Tranche D Term Loans
         shall (i) be executed by the U.S. Borrower, (ii) be payable to such
         Bank or its registered assigns and be dated the Fourth Amendment
         Effective Date (or, in the case of any Tranche D Term Note issued after
         the Fourth Amendment Effective Date, the date of issuance thereof),
         (iii) be in a stated principal amount equal to the Tranche D Term Loan
         Commitment of such Bank on the Fourth Amendment Effective Date (or, in
         the case of any Tranche D Term Note issued after the Fourth Amendment
         Effective Date, in a stated principal amount equal to the outstanding
         principal amount of the Tranche D Term Loan of such Bank on the date of
         the issuance thereof) and be payable in the principal amount of Tranche
         D Term Loans evidenced thereby from time to time, (iv) mature on the

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         Tranche D Term Loan Maturity Date, (v) bear interest as provided in the
         appropriate clause of Section 1.08 in respect of the Base Rate Loans
         and Eurodollar Loans, as the case may be, evidenced thereby, (vi) be
         subject to voluntary repayment as provided in Section 4.01 and
         mandatory repayment as provided in Section 4.02 and (vii) be entitled
         to the benefits of this Agreement and the other Credit Documents.".

                  6. Section 1.07 of the Credit Agreement is hereby amended by
deleting the first sentence of said Section in its entirety and inserting the
following sentence in lieu thereof:

         "All Borrowings of Tranche A Term Loans, Tranche B Term Loans, Tranche
         C Term Loans and Tranche D Term Loans shall be incurred by the U.S.
         Borrower from the Banks PRO RATA on the basis of such Banks' Tranche A
         Term Loan Borrowing Amount, Tranche B Term Loan Commitments, Tranche C
         Term Loan Commitments or Tranche D Term Loan Commitments, as the case
         may be.".

                  7. Section 1.13 of the Credit Agreement is hereby amended by
inserting the text "(other than a Post-Put Tranche D Bank)" (i) after the text
"any Bank" in each place such text appears in the first sentence of said Section
and (ii) after the text "a Bank" appearing in the first sentence of said
Section.

                  8. Section 3.02(b) of the Credit Agreement is hereby amended
by inserting the text "(other than a Post-Put Tranche D Bank)" after the text "a
Bank" appearing in said Section.

                  9. Section 3.03 of the Credit Agreement is hereby amended by
(x) deleting clause (g) of said Section in its entirety and inserting the
following new clause (g) in lieu thereof:

                  "(g) Each reduction to the Total New Tranche A Term Loan
         Commitment, the Total Tranche B Term Loan Commitment, the Total Tranche
         C Term Loan Commitment and the Total Tranche D Term Loan Commitment
         pursuant to this Section 3.03 (or pursuant to Section 4.02) shall be
         applied proportionately to reduce the New Tranche A Term Loan
         Commitment, the Tranche B Term Loan Commitment, the Tranche C Term Loan
         Commitment or the Tranche D Term Loan Commitment, as the case may be,
         of each Bank with such a Commitment.",

and (y) inserting the following new clause (i) at the end of said Section:

                  "(i) In addition to any other mandatory commitment reductions
         pursuant to this Section 3.03, the Total Tranche D Term Loan Commitment
         (and the Tranche D Term Loan Commitment of each Bank) shall terminate

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         in its entirety on the Fourth Amendment Effective Date (after giving
         effect to the making of the Tranche D Term Loans on such date).".

                  10. Section 4.01 of the Credit Agreement is hereby amended by
(i) deleting the text "and/or Tranche C Term Loans" appearing in the first
sentence of said Section and inserting the text ", Tranche C Term Loans and/or
Tranche D Term Loans" in lieu thereof, (ii) inserting the text "Tranche D Term
Loans," immediately after the text "Tranche C Term Loans," appearing in clause
(i) of said Section, (iii) deleting the text "and" appearing prior to the text
"(II)" in clause (i) of said Section and inserting a comma in lieu thereof, (iv)
inserting the following text before the semi-colon appearing in clause (i) of
said Section:

         "and (III) in the case of any prepayment of Tranche D Term Loans, shall
         (x) set forth the Adjusted Senior Leverage Ratio (which shall be less
         than 2.00:1.00) as at the date of the delivery of such notice
         (calculated on a PRO FORMA Basis after giving effect to respective
         prepayment of such Tranche D Term Loans on such date), certified by the
         chief financial officer or other Authorized Officer of the U.S.
         Borrower, together with the calculations (in reasonable detail)
         necessary to establish such Adjusted Senior Leverage Ratio and (y)
         include a certification that, to the best of such officer's knowledge,
         no Default or Event of Default is then in existence or would exist
         immediately after giving effect to the respective prepayment of Tranche
         D Term Loans",

(v) inserting the text "(other than a Post-Put Tranche D Bank)" immediately
after the text "a Bank" appearing in clause (vii) of said Section, (vi) deleting
clause (viii) of said Section in its entirety and inserting the following new
clause (viii) in lieu thereof:

                  "(viii) subject to the proviso to this clause (viii), each
         prepayment of Term Loans pursuant to this Section 4.01 must consist
         solely of a prepayment of Tranche A Term Loans, Tranche B Term Loans
         and Tranche C Term Loans, with such prepayment to be applied to the
         Tranche A Term Loans, the Tranche B Term Loans and the Tranche C Term
         Loans on a PRO RATA basis (based upon the then outstanding principal
         amount of Tranche A Term Loans, Tranche B Term Loans or Tranche C Term
         Loans, as the case may be); PROVIDED that (A) the provisions of this
         clause (viii) shall not be applicable in connection with any prepayment
         of Term Loans pursuant to preceding clause (vii) and (B) nothing in
         this clause (viii) shall prohibit (or be deemed to prohibit) the
         prepayment of Tranche D Term Loans (without any concurrent prepayment
         of Term Loans of any other Tranche) in accordance with the last
         sentence of this Section 4.01",

and (vii) adding the following new paragraph at the end of said Section:

                  "Notwithstanding anything to the contrary contained above or
         elsewhere in this Agreement or otherwise, (i) the U.S. Borrower may at
         any time and from time to time prepay Tranche D Term Loans, in whole or
         in part, in an amount not to exceed the Excess Proceeds Amount as then
         in effect, so long as no Default or Event of Default exists at the time
         of such voluntary prepayment and immediately after giving effect
         thereto, (ii) the U.S. Borrower may prepay Tranche D Term Loans, in
         whole or in part, so long as (x) no Default or Event of Default exists
         at the time of such voluntary prepayment and immediately after giving

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         effect thereto and (y) the chief financial officer or other Authorized
         Officer of the U.S. Borrower shall have delivered to the Banks on the
         date of such proposed prepayment an officer's certificate establishing
         compliance with an Adjusted Senior Leverage Ratio as at the date of the
         proposed prepayment (calculated on a PRO FORMA Basis after giving
         effect to respective prepayment of such Tranche D Term Loans) of less
         than 2.00:1.00 and containing the other certifications and calculations
         required to be included in the prepayment notice for Tranche D Term
         Loans pursuant to subclause (III) of clause (i) of the first sentence
         of this Section 4.01 and (iii) the U.S. Borrower may prepay Tranche D
         Term Loans, in whole or in part, at any time after the date on which
         the Total Commitment and all Letters of Credit have been terminated and
         all Loans (other than the Tranche D Term Loans), Notes (other than the
         Tranche D Term Notes) and Unpaid Drawings, together with all interest
         owing with respect thereto, have been indefeasably paid in full in
         cash.".

                  11. Section 4.02(e) of the Credit Agreement is hereby amended
by deleting clause (y) appearing in the second parenthetical in said Section in
its entirety and inserting the following new clause (y) in lieu thereof:

         "(y) so long as no Default or Event of Default is then in existence,
         any issuance of U.S. Borrower Common Stock or Qualified Preferred Stock
         to the extent the proceeds therefrom are used to repurchase and/or
         redeem Senior Subordinated Notes in accordance with the requirements of
         subclause (x) or (y) of the proviso appearing in Section 9.12(ii)".

                  12. Section 4.02(h) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
4.02(h) in lieu thereof:

                  "(h) Each amount required to be applied pursuant to Sections
         4.02(c), (d), (e), (f) and (g) in accordance with this Section 4.02(h)
         shall be applied (i) FIRST, to repay the outstanding principal amount
         of Tranche A Term Loans, Tranche B Term Loans and Tranche C Term Loans,
         with each such amount required to be applied to repay outstanding
         Tranche A Term Loans, Tranche B Term Loans or Tranche C Term Loans, as
         the case may be, to be applied PRO RATA to each such Tranche of Term
         Loans based upon the then remaining principal amounts of such Tranches
         of Term Loans (with each of the Tranche A Term Loans, Tranche B Term
         Loans or Tranche C Term Loans, as the case may be, to be allocated that
         percentage of the amount to be applied as is equal to a fraction
         (expressed as a percentage), the numerator of which is equal to the
         then outstanding principal amount of such Tranche A Term Loans, Tranche
         B Term Loans or Tranche C Term Loans, as the case may be, and the
         denominator of which is equal to the then aggregate principal amount of
         all outstanding Tranche A Term Loans, Tranche B Term Loans and Tranche

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         C Term Loans), (ii) SECOND, to the extent in excess of the amounts
         required to be applied pursuant to the preceding clause (i), to reduce
         the Total Revolving Loan Commitment in the manner provided in Section
         3.03(f) (it being understood and agreed that (x) the amount of any
         reduction to the Total Revolving Loan Commitment as provided in
         immediately preceding clause (ii) shall be deemed to be an application
         of proceeds for purposes of this Section 4.02(h) even though cash is
         not actually applied and (y) any cash received by the U.S. Borrower or
         any of its Subsidiaries will be retained by such Person except to the
         extent that such cash is otherwise required to be applied as provided
         in Section 4.02(a) as a result of any reduction to the Total Revolving
         Loan Commitment or is otherwise required to be applied to the repayment
         of Tranche D Term Loans as provided in clause (iii) below) and (iii)
         THIRD, to the extent in excess of the amounts required to be applied
         pursuant to the preceding clauses (i) and (ii) (and only after the
         Total Commitment and all Letters of Credit have been terminated and all
         Loans (other than Tranche D Term Loans), Notes (other than Tranche D
         Term Notes) and Unpaid Drawings have been indefeasably paid in full in
         cash), to the Tranche D Term Loans then outstanding. All repayments of
         outstanding Tranche A Term Loans, Tranche B Term Loans and Tranche C
         Term Loans pursuant to Sections 4.02(c), (d), (e), (f) or (g) shall be
         applied to reduce the then remaining Scheduled Repayments of such
         Tranche of Term Loans on a PRO RATA basis (based upon the then
         remaining Scheduled Repayments of such Tranche after giving effect to
         all prior reductions thereto). For purposes of greater clarity, the
         parties hereto acknowledge and agree that any amount applied pursuant
         to Section 4.02(c), (d), (e) or (f) as a mandatory repayment in
         accordance with this Section 4.02(h) need not represent the actual
         proceeds received by the U.S. Borrower or any of its Subsidiaries in
         connection with the respective Asset Sale, debt incurrence, equity
         issuance or Recovery Event, as the case may be.".

                  13. Section 7.05 of the Credit Agreement is hereby amended by
inserting the following new clause (e) at the end of said Section:

                  "(e) The proceeds of all Tranche D Term Loans shall be
         utilized by the U.S. Borrower on the Fourth Amendment Effective Date
         solely to repay Tranche A Term Loans, Tranche B Term Loans and Tranche
         C Term Loans in an aggregate principal amount equal to $15,000,000
         pursuant to, and in accordance with the terms of, Section 4.01 of the
         Credit Agreement.".

                  14. Section 7.10 of the Credit Agreement is hereby amended by
inserting the following new clause (f) at the end of said Section:

                  "(f) The Updated Projections have been prepared on a basis
         consistent with the financial statements referred to in Section
         7.10(b), and have been prepared in good faith and are based on
         reasonable assumptions under the then known facts and circumstances. On
         the Fourth Amendment Effective Date, the management of the U.S.
         Borrower believes that the Updated Projections are reasonable and
         attainable based upon the then known facts and circumstances (it being
         understood that nothing contained in this Section 7.10(f) shall
         constitute a representation that the results forecasted in such Updated
         Projections will in fact be achieved). There is no fact known to either
         Borrower or any of its Subsidiaries which could reasonably be expected
         to have a Material Adverse Effect, which has not been disclosed herein
         or in such other documents, certificates and statements furnished to
         the Banks for use in connection with the transactions contemplated by
         the Fourth Amendment.".

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                  15. Section 8.01(d) of the Credit Agreement is hereby amended
by deleting the text "9.09 and 9.10" in each place such text appears in said
Section and inserting the text "9.09, 9.10, 9.11, 9.16 and 9.17" in lieu
thereof.

                  16. Section 8 of the Credit Agreement is hereby amended by
inserting the following new Sections 8.18 and 8.19 at the end of said Section:

                  "8.18 MORTGAGE AMENDMENTS. Each U.S. Credit Party party to a
         Mortgage hereby agrees to deliver to the Collateral Agent, or cause to
         be delivered to the Collateral Agent, within 30 days following the
         Fourth Amendment Effective Date (x) fully executed counterparts of
         amendments (the "Mortgage Amendments"), in form and substance
         satisfactory to the Collateral Agent, to each Mortgage as may be
         specified by the Collateral Agent, together with evidence that
         counterparts of each of the Mortgage Amendments have been delivered to
         the title company insuring the Lien on the relevant Mortgage for
         recording in all places to the extent necessary or desirable, in the
         judgment of the Collateral Agent, effectively to maintain a valid and
         enforceable first priority mortgage lien on the relevant Mortgaged
         Properties in favor of the Collateral Agent for the benefit of the
         Secured Creditors and (y) either endorsements to the relevant existing
         Mortgage Policies or new Mortgage Policies assuring the Collateral
         Agent that each Mortgage so specified by the Collateral Agent, after
         giving effect to the respective Mortgage Amendment, is a valid and
         enforceable first priority mortgage lien on the respective Mortgaged
         Property, free and clear of all defects and encumbrances, except
         Permitted Encumbrances.

                  8.19 PAYMENT OF CONSULTANT'S FEES. The Borrowers shall pay (on
         a joint and several basis) all costs, fees and disbursements of Conway,
         Del Genio, Gries & Co., LLC ("CDG") in connection with its engagement
         and indemnify CDG for all losses, liabilities, expenses, claims and
         other obligations, in each case at such times, and in such amounts, as
         required by the terms of the Consultant's Engagement Letter.".

                  17. Notwithstanding anything to the contrary contained in
Sections 8.14, 9.02(h) and 9.05(j) of the Credit Agreement, at all times on and
after the Fourth Amendment Effective Date and prior to the Original Financial
Covenants Compliance Date (as defined in Section 2 hereof), neither the U.S.
Borrower nor any of its Subsidiaries shall be permitted to consummate any
Permitted Acquisition without the express written consent of the Required Banks.

                  18. Section 9.07 of the Credit Agreement is hereby amended by
(i) deleting the text "the Agent" appearing in clause (iii) of the first proviso
appearing in the first sentence of said Section and inserting the text "the
Administrative Agent" in lieu thereof, (ii) deleting the word "and" appearing at
the end of clause (x) of the first proviso appearing in the first sentence of
said Section, (iii) deleting the period at the end of clause (xi) of the first
proviso appearing in the first sentence of said Section and inserting the text
"; and" in lieu thereof and (iv) inserting the following new clause (xii) at the
end of the first sentence appearing in said Section:

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                  "(xii) each Apollo Obligor may enter into and perform its
         respective obligations pursuant to the Put and Call Agreement and,
         following the purchase of any Tranche D Obligations by it pursuant to
         the Put and Call Agreement, such Apollo Obligor shall have all rights
         with respect thereto as are provided in this Agreement and the related
         Credit Documents; PROVIDED that no Apollo Obligor shall be entitled to
         receive any other, or additional, consideration (except as expressly
         provided in this Agreement with respect to any Tranche D Term Loans
         actually purchased by it) in connection with its entering into or
         performance of the Put and Call Agreement.".

                  19. The Banks hereby waive compliance by the U.S. Borrower
with Section 9.09 of the Credit Agreement for (and only for) the Test Periods
ending on the last day of the fiscal quarters of the U.S. Borrower ended
December 31, 2001, March 31, 2002, June 30, 2002, September 30, 2002 and
December 31, 2002.

                  20. The Banks hereby waive compliance by the U.S. Borrower
with Section 9.10 of the Credit Agreement for (and only for) the last day of the
fiscal quarters of the U.S. Borrower ended December 31, 2001, March 31, 2002,
June 30, 2002, September 30, 2002 and December 31, 2002.

                  21. Section 9.11(a) of the Credit Agreement is hereby amended
by deleting the amount "$30,000,000" appearing in the table in said Section
opposite the fiscal year ending December 31, 2002 and inserting the amount
"$18,000,000" in lieu thereof.

                  22. Section 9.12 of the Credit Agreement is hereby amended by
(i) redesignating subclause (x) of the proviso appearing in clause (ii) of said
Section as subclause (w), (ii) inserting the following new subclause (x)
immediately after the text "Permitted Subordinated Refinancing Indebtedness,"
appearing in subclause (w) of the proviso appearing in clause (ii) of said
Section (as redesignated pursuant to preceding clause (i)):

         "(x) Senior Subordinated Notes may from time to time be redeemed in
         accordance with the terms of the Senior Subordinated Notes Indenture
         and/or repurchased on the open-market, in either case with the proceeds
         of an issuance of U.S. Borrower Common Stock or Qualified Preferred
         Stock, so long as (I) the Administrative Agent has consented to any
         such redemption or repurchase in writing and (II) in the case of any
         repurchase of Senior Subordinated Notes, the aggregate amount of cash
         expended by the U.S. Borrower to effect such repurchases shall not
         exceed the principal amount of the Senior Subordinated Notes so
         repurchased,",

(iii) deleting the word "and" appearing at the end of clause (iii) thereof, (iv)
deleting the period at the end of clause (iv) appearing in said Section and
inserting the text "; and" in lieu thereof and (v) inserting the following new
clause (v) at the end of said Section:

                  "(v) directly or indirectly make (or give any notice in
         respect of) any voluntary or optional payment or prepayment on or
         redemption or acquisition for value of, or in respect of, any Tranche D
         Term Loans except as expressly permitted by the last sentence of
         Section 4.01.".

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                  23. Section 9 of the Credit Agreement is hereby further
amended by inserting the following new Section 9.17 at the end of said Section:

                  "9.17 MINIMUM CONSOLIDATED EBITDA. The U.S. Borrower will not
         permit Consolidated EBITDA for any Test Period ending on the last day
         of any fiscal quarter of the U.S. Borrower specified below to be less
         than the amount set forth opposite such fiscal quarter below:

                  FISCAL QUARTER ENDED                    AMOUNT
                  --------------------                    ------
                  March 31, 2002                          $13,280,000
                  June 30, 2002                           $28,262,000
                  September 30, 2002                      $44,034,000
                  December 31, 2002                       $59,491,000".

                  24. Section 10 of the Credit Agreement is hereby amended by
(i) inserting the word "or" immediately after the text "shall have occurred;"
appearing in Section 10.10 of said Section and (ii) adding the following new
Section 10.11 immediately after Section 10.10 of said Section and before the
remedies provisions appearing immediately thereafter:

                  "10.11. PUT AND CALL AGREEMENT. The Put and Call Agreement or
         any provision thereof shall cease to be in full force or effect as to
         any Apollo Obligor or any Person acting by or on behalf of any Apollo
         Obligor shall deny or disaffirm such Apollo Obligor's obligations under
         the Put and Call Agreement;".

                  25. The definition of "Maximum Permitted Acquisition Leverage
Ratio" appearing in Section 11.01 of the Credit Agreement is hereby amended by
inserting the word "Total" immediately after the word "Adjusted" in each place
it appears in said Section.

                  26. The definition of "Applicable Margin" appearing in Section
11.01 of the Credit Agreement is hereby amended by (i) redesignating clause (vi)
appearing in the first sentence of said definition as clause (vii), (ii)
inserting the following new clause (vi) immediately following clause (v)
appearing in the first sentence of said definition:

         "(vi) in the case of Tranche D Term Loans maintained as (x) Base Rate
         Loans, 1.00% and Eurodollar Loans, 2.00%,"

, (iii) inserting the text "for the respective Tranche of Loans (other than
Tranche D Term Loans) or Commitment Fees" immediately following the text "a
different margin" appearing in the second sentence of said definition and (iv)
inserting the following sentence at the end of said definition:

         "It is understood and agreed that the new "Applicable Margins" included
         in the first sentence of this definition pursuant to the Third
         Amendment or the Fourth Amendment, as the case may be, shall be
         effective for all purposes of this Agreement on and after the Third
         Amendment Effective Date or the Fourth Amendment Effective Date, as the
         case may be, but not for periods prior to the Third Amendment Effective
         Date or the Fourth Amendment Effective Date, as the case may be.".

                                       10
<PAGE>

                  27. The definition of "Commitment" appearing in Section 11.01
of the Credit Agreement is hereby amended by inserting the text ", a Tranche D
Term Loan Commitment" immediately following the text "a Tranche C Term Loan
Commitment" appearing in said definition.

                  28. The definition of "Consolidated EBITDA" appearing in
Section 11.01 of the Credit Agreement is hereby amended by (i) inserting the
text "(I)" immediately prior to the text "to the extent" appearing in the last
sentence contained in said definition and (ii) inserting the text "and (II) for
purposes of any determination of compliance with Section 9.17, Consolidated
EBITDA shall be calculated in accordance with the requirements of the last
sentence appearing in the definition of Test Period contained herein"
immediately following the text "contained herein" appearing in the last sentence
contained in said definition.

                  29. The definition of "Consolidated Senior Debt" appearing in
Section 11.01 of the Credit Agreement is hereby amended by inserting the text ",
the aggregate principal amount of all Tranche D Term Loans then outstanding"
immediately after the text "Senior Subordinated Notes" appearing in said
definition.

                  30. The definition of "Credit Documents" appearing in Section
11.01 of the Credit Agreement is hereby amended by inserting the text "and, on
and after the execution and delivery thereof, but for purposes of Sections 13.01
only (including for purposes of the term "Documents" used therein), the Put and
Call Agreement" immediately following the text "Security Document" appearing in
said definition.

                  31. The definition of "Eligible Transferee" appearing in
Section 11.01 of the Credit Agreement is hereby amended by inserting the phrase
"and (for purposes of Tranche D Obligations only) any Apollo Obligor"
immediately after the text "(other than an individual)" appearing in said
definition.

                  32. The definition of "Final Maturity Date" appearing in
Section 11.01 of the Credit Agreement is hereby amended by (i) deleting the word
"or" appearing in said definition and inserting a comma in lieu thereof and (ii)
inserting the text "or the Tranche D Term Loan Maturity Date" immediately
following the text "the Tranche C Term Loan Maturity Date" appearing in said
definition.

                  33. The definition of "Loan" appearing in Section 11.01 of the
Credit Agreement is hereby amended by inserting the text "each Tranche D Term
Loan," immediately following the text "each Tranche C Term Loan," appearing in
said definition.

                  34. The definition of "Note" appearing in Section 11.01 of the
Credit Agreement is hereby amended by inserting the text "each Tranche D Term
Note," immediately following the text "each Tranche C Term Note," appearing in
said definition.

                  35. The definition of "Obligations" appearing in Section 11.01
of the Credit Agreement is hereby amended by inserting the phrase "(including,
without limitation, any interest accruing subsequent to the filing of a petition

                                       11
<PAGE>

of bankruptcy at the rate provided for in the documentation with respect
thereto, whether or not such interest is an allowed claim under applicable law)"
immediately after the phrase "all amounts" appearing in said definition.

                  36. The definition of "PRO FORMA Basis" appearing in Section
11.01 of the Credit Agreement is hereby amended by inserting the text "(other
than any such determination for purposes of Section 9.17)" immediately after the
text "Consolidated EBITDA" appearing in clause (iii) of the first sentence of
said definition.

                  37. The definition of "Required Banks" appearing in Section
11.01 of the Credit Agreement is hereby amended by inserting the following
sentence at the end of said definition:

                  "Notwithstanding anything to the contrary contained in this
         definition, it is understood and agreed that outstanding Tranche D Term
         Loans shall not be included in the foregoing calculations of Required
         Banks at any time after the date on which any Tranche D Term Loans have
         been assigned or otherwise transferred to any Apollo Obligor in
         accordance with the terms of the Put and Call Agreement, unless the
         Total Commitment and all Letters of Credit have been terminated and all
         Loans (other than the Tranche D Term Loans), Notes (other than the
         Tranche D Term Notes) and Unpaid Drawings, together with all interest
         owing with respect thereto, have been indefeasibly paid in full in
         cash.".

                  38. The definition of "Sub-Tranche" appearing in Section 11.01
of the Credit Agreement is hereby amended by (i) deleting the word "and"
appearing at the end of clause (iv) of said definition and (ii) including the
following text immediately after clause (v) appearing in said definition:

         "and (vi) the Tranche D Term Loans and the Commitments pursuant to
         which the Tranche D Term Loans are extended".

                  39. The definition of "Term Loans" appearing in Section 11.01
of the Credit Agreement is hereby amended by (i) deleting the word "and"
appearing after the text "Tranche B Term Loans" in said definition and inserting
a comma in lieu thereof and (ii) inserting the text "and Tranche D Term Loans"
immediately following the text "Tranche C Term Loans" appearing in said
definition.

                  40. The definition of "Test Period" appearing in Section 11.01
of the Credit Agreement is hereby amended by inserting the following sentence at
the end of said Section:

         "Notwithstanding anything to the contrary contained above, for purpose
         of any determination of compliance with Section 9.17, the term "Test
         Period" shall mean the period commencing on January 1, 2002 and ending
         on the last day of the fiscal quarter of the U.S. Borrower then last
         ended.".

                  41. The definition of "Total Term Loan Commitment" appearing
in Section 11.01 of the Credit Agreement is hereby amended by (i) deleting the
word "and" appearing in said definition and inserting a comma in lieu thereof

                                       12
<PAGE>

and (ii) inserting the text "and the Total Tranche D Term Loan Commitment"
immediately following the text "Total Tranche C Term Loan Commitment" appearing
in said definition.

                  42. The definition of "Tranche" appearing in Section 11.01 of
the Credit Agreement is hereby amended by (i) inserting the text "Tranche D Term
Loans," immediately following the text "Tranche C Term Loans," appearing in said
definition and (ii) deleting the word "five" appearing in said definition and
inserting the word "six" in lieu thereof.

                  43. The definition of "U.S. Bank" appearing in Section 11.01
of the Credit Agreement is hereby amended by inserting the text "a Tranche D
Term Loan Commitment," immediately following the text "Tranche C Term Loan
Commitment," appearing in said definition.

                  44. Section 11.01 of the Credit Agreement is hereby further
amended by inserting in the appropriate alphabetical order the following new
definitions:

                  "Apollo Obligors" shall mean the General Partner, Apollo
         Investment Fund III, L.P., a Delaware limited partnership, Apollo
         Overseas Partners III, L.P., a Delaware limited partnership, and Apollo
         (U.K.) Partners III, L.P., a limited partnership organized under the
         laws of England.

                  "CDG" shall have the meaning provided in Section 8.19.

                  "Consultant's Engagement Letter" shall mean that certain
         Engagement Letter, dated as of November 7, 2001, among the Borrowers,
         the Administrative Agent and CDG.

                  "Disposition" means the sale, assignment, transfer, lease,
         conveyance or other disposition by the U.S. Borrower or any of its
         Subsidiaries of any Collateral, including, without limitation an
         involuntary disposition as a result of a casualty or condemnation.

                  "Excess Proceeds Amount" shall initially be $0, which amount
         shall be (A) INCREASED on each Excess Cash Flow Payment Date so long as
         any repayment required pursuant to Section 4.02(g) has been made, by an
         amount equal to Adjusted Excess Cash Flow for the immediately preceding
         Excess Cash Flow Payment Period multiplied by a percentage equal to
         100% MINUS the Applicable Excess Cash Flow Percentage as in effect for
         the respective Excess Cash Flow Payment Date, and (B) REDUCED (i) on
         each Excess Cash Flow Payment Date where Excess Cash Flow for the
         immediately preceding Excess Cash Flow Payment Period is a negative
         number, by such amount and (ii) at any time any Tranche D Term Loans
         are repaid pursuant to clause (i) of the last sentence of Section 4.01,
         by the aggregate principal amount of the Tranche D Terms so repaid (it
         being understood that the Excess Proceeds Amount may be reduced to an
         amount below zero after giving effect to the reductions enumerated in
         clause (B) above).

                  "Fourth Amendment" shall mean the Fourth Amendment to Credit
         Agreement; First Amendment to U.S. Security Agreement; and

                                       13
<PAGE>

         Acknowledgements and Agreements with respect to U.S. Subsidiaries
         Guaranty and U.S. Security Documents, dated as of December 14, 2001.

                  "Fourth Amendment Effective Date" shall have the meaning
         provided in the Fourth Amendment.

                  "General Partner" shall mean Apollo Advisors II, L.P., a
         Delaware limited partnership.

                  "Mortgage Amendments" shall have the meaning provided in
         Section 8.18.

                  "Non-Tranche D Obligations" shall mean all Obligations
         (including, without limitation, any interest accruing subsequent to the
         filing of a petition of bankruptcy at the rate provided for in the
         documentation with respect thereto, whether or not such interest is an
         allowed claim under applicable law, but excluding any Other Secured
         Obligations) other than the Tranche D Obligations.

                  "Non-Tranche D Secured Obligations" shall mean and include all
         Non-Tranche D Obligations (including, without limitation, any interest
         accruing subsequent to the filing of a petition of bankruptcy at the
         rate provided for in the documentation with respect thereto, whether or
         not such interest is an allowed claim under applicable law) and all
         Other Secured Obligations.

                  "Other Secured Obligations" shall mean any Other Obligations
         under, and as defined in, the various Security Documents which are
         secured pursuant to the various Security Documents.

                  "Post-Put Tranche D Bank" shall mean (i) each Apollo Obligor,
         (ii) any Tranche D Bank to which any Apollo Obligor assigns its Tranche
         D Obligations, (iii) any other Tranche D Bank to which a Tranche D Bank
         described in preceding clause (ii) assigns its Tranche D Obligations
         and (iv) all other transferees and assigns of the Tranche D Banks
         described in preceding clauses (i) through (iii) and their respective
         transferees and assigns.

                  "Proceeds" shall mean "Proceeds" as such term is defined in
         Section 9-306(1) of the UCC and, in any event, shall include, without
         limitation, (a) any and all proceeds of any insurance, indemnity,
         warranty or guaranty payable to the U.S. Borrower or its Subsidiaries
         from time to time with respect to any of the Collateral, (b) any and
         all payments (in any form whatsoever) made or due and payable to the
         U.S. Borrower or its Subsidiaries 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 agency (or any
         Person acting under color of governmental authority), (c) any claim of
         the U.S. Borrower or any of its Subsidiaries against third parties (i)
         for past, present or future infringement of any patent or patent
         license or (ii) for past, present or future infringement or dilution of
         any trademark or trademark license or for injury to the goodwill
         associated with any trademark, trademark registration or trademark

                                       14
<PAGE>

         licensed under any trademark license, and (d) any and all other amounts
         from time to time paid or payable under or in connection with any of
         the Collateral.

                  "Put and Call Agreement" shall mean the Put and Call Agreement
         in the form of Exhibit O hereto, dated as of December 14, 2001, among
         the Apollo Obligors, certain Tranche D Banks and the Administrative
         Agent, on behalf of the Tranche D Banks, as the same may be amended,
         modified and/or supplemented from time to time in accordance with the
         terms hereof and thereof.

                  "Remedial Action" means any claim, proceeding or action to
         foreclose upon, take possession or control of, sell, lease or otherwise
         dispose of, or in any other manner realize, take steps to realize or
         seek to realize upon, the whole or any part of any Collateral, whether
         pursuant to the UCC, by foreclosure, by setoff, by self-help
         repossession, by notification to account debtors, by deed in lieu of
         foreclosure, by exercise of power of sale, by judicial action or
         otherwise, or the exercise of any other remedies with respect to any
         Collateral available under any of the Security Documents, or under
         applicable law.

                  "Required Tranche D Banks" shall mean those Banks, the sum of
         whose outstanding Tranche D Term Loans (or, if prior to the termination
         of the Total Tranche D Term Loan Commitment, Tranche D Term Loan
         Commitments) represent an amount greater than 50% of the sum of all
         outstanding Tranche D Term Loans (or, if prior to the termination of
         the Total Tranche D Term Loan Commitment, the Total Tranche D Term Loan
         Commitment) of the Tranche D Banks.

                  "Secured Obligations" shall mean and include all Non-Tranche D
         Secured Obligations and, subject to the provisions of Section 15, all
         Tranche D Obligations.

                  "Third Amendment" shall mean the Third Amendment to this
         Agreement, dated as of May 23, 2001.

                  "Total Tranche D Term Loan Commitment" shall mean the sum of
         the Tranche D Term Loan Commitments of each of the Banks.

                  "Tranche D Bank" at any time shall mean any Bank which has a
         Tranche D Term Loan Commitment or any outstanding Tranche D Term Loans.

                  "Tranche D Obligations" shall mean all Obligations
         constituting the principal of, or interest (including, without
         limitation, any interest accruing subsequent to the filing of a
         petition of bankruptcy at the rate provided for in the documentation
         with respect thereto, whether or not such interest is an allowed claim
         under applicable law) on, Tranche D Term Loans or under the Tranche D
         Term Notes, and any other amounts owing pursuant to the terms of this
         Agreement or any other Credit Documents with respect to the Tranche D
         Term Loans.

                  "Tranche D Term Loan" shall have the meaning provided in
         Section 1.01(g).

                                       15
<PAGE>

                  "Tranche D Term Loan Commitment" shall mean, with respect to
         each Bank, the amount set forth opposite such Bank's name in Schedule I
         directly below the column entitled "Tranche D Term Loan Commitment," as
         the same may be terminated pursuant to Sections 3.03 and/or 10.

                  "Tranche D Term Loan Maturity Date" shall mean the earlier of
         (i) March 2, 2006 and (ii) that date, if any, which occurs two Business
         Days after the acceleration of any principal of any outstanding Loans
         pursuant to Section 10 of this Agreement; PROVIDED that in the event of
         any acceleration as described in preceding clause (ii), if the
         respective such acceleration is rescinded, then the Tranche D Term Loan
         Maturity Date shall be deemed not to have occurred.

                  "Tranche D Term Note" shall have the meaning provided in
         Section 1.05(a)(vii).

                  "Updated Projections" shall have the meaning provided in the
         Fourth Amendment.

                  45. Section 12.07 of the Credit Agreement is hereby amended by
(i) inserting the text "(including, without limitation, reasonable fees and
expenses of counsel)" immediately after the text "reasonable expenses" appearing
in the first sentence of said Section, (ii) inserting the text ", as the case
may be," immediately prior to text "for the payment of any portion" appearing in
the proviso in the first sentence of said Section and (iii) inserting the text
", as the case may be" immediately prior to the period at the end of the first
sentence appearing in said Section.

                  46. Section 13.01 of the Credit Agreement is hereby amended by
(x) redesignating clause (iv) of said Section as clause (vi) of said Section,
(y) inserting the text "(including, without limitation, reasonable fees and
disbursements of counsel)" immediately after the text "damages or expenses" in
the first place such text appears in clause (iv) of said Section and (z)
inserting the following new clauses (iv) and (v) immediately after the text "to
pay such taxes;" appearing in clause (iii) of said Section:

                  "(iv) pay all reasonable out-of-pocket fees, costs and
         expenses of any financial advisor engaged by the Administrative Agent
         on behalf of the Banks (or by counsel or another agent on behalf of the
         Administrative Agent) and approved by the U.S. Borrower (such approval
         not to be unreasonably withheld or delayed); (v) pay all reasonable
         out-of-pocket fees, costs and expenses of special bankruptcy counsel
         engaged by the Administrative Agent (on behalf of the Banks) or the
         Banks (acting collectively) and approved by the U.S. Borrower (such
         approval not to be unreasonably withheld or delayed) in connection with
         any refinancing or restructuring of the credit arrangements provided
         under this Agreement in the nature of a "work-out" or pursuant to any
         insolvency or bankruptcy proceedings (although nothing in this clause
         (v) shall limit (or be deemed to limit) the expense reimbursement
         provisions in favor of each Bank pursuant to clause (ii) above in the
         circumstances contemplated thereby);".

                  47 Section 13.04 of the Credit Agreement is hereby amended by
(i) inserting the text "except in the case of assignments to an Apollo Obligor
pursuant to the Put and Call Agreement," immediately prior to the text "the

                                       16
<PAGE>

Administrative Agent shall receive" appearing in subclause (viii) of the first
proviso appearing in clause (b) of said Section and (ii) inserting the clause
"(x) assigning, transferring or granting participations in its interests in
Tranche D Term Loans and/or Tranche D Term Notes pursuant to the provisions of
the Put and Call Agreement or (y)" immediately following the text "prohibit any
Bank or CSFB from" appearing in clause (c) of said Section.

                  48. Section 13.06 of the Credit Agreement is hereby amended by
(i) deleting the text "in each case prior to the occurrence of a Sharing Event,"
appearing in clause (b) of said Section and (ii) inserting the following new
clause (c) at the end of said Section:

                  "(c) Notwithstanding anything to the contrary contained
         herein, the provisions of preceding Sections 13.06(a) and (b) shall be
         subject to the express provisions of this Agreement which (x) require
         differing payments to be made with respect to the various Tranches of
         Loans or (y) prohibit payments in respect of any Tranche of Loans.".

                  49. Section 13.07 of the Credit Agreement is hereby amended by
deleting the text "9.09 and 9.10" appearing in the parenthetical in clause (b)
of said Section and inserting the text "9.09, 9.10 and 9.17" in lieu thereof.

                  50. Section 13 of the Credit Agreement is hereby amended by
inserting the following new Section 13.17 at the end of said Section:

                  "13.17 SPECIAL AGREEMENTS REGARDING INCURRENCE OF TRANCHE D
         TERM LOANS AND OTHER LOANS. Each of the Borrowers hereby acknowledges
         and agrees that (i) all Revolving Loans, Swingline Loans, Letters of
         Credit and Tranche A Term Loans (other than New Tranche A Term Loans)
         were incurred (or will be incurred, as applicable) as permitted by
         Section 4.04 of the Senior Subordinated Notes Indenture in reliance on
         clause (ii) of the definition of "Permitted Indebtedness" contained
         therein, (ii) all New Tranche A Term Loans, Tranche B Term Loans and
         Tranche C Term Loans were incurred in reliance on the proviso to
         Section 4.04 of the Senior Subordinated Notes Indenture, (iii)
         $2,631,578.95 of principal of Tranche D Term Loans (I.E., an amount
         equal to the principal amount of Tranche A Term Loans (which
         constituted Original Term Loans on their date of incurrence) refinanced
         with the proceeds of Tranche D Term Loans on the Fourth Amendment
         Effective Date) was incurred as permitted by Section 4.04 of the Senior
         Subordinated Notes Indenture in reliance on clause (ii) of the
         definition of "Permitted Indebtedness" contained therein, (iv)
         $12,368,421.05 of principal of Tranche D Term Loans (I.E., an amount
         equal to the principal amount of Term Loans (other than those which
         constituted Original Term Loans on their date of incurrence) refinanced
         with the proceeds of Tranche D Term Loans on the Fourth Amendment
         Effective Date) was incurred as permitted by Section 4.04 of the Senior
         Subordinated Notes Indenture in reliance on clause (xiii) of the
         definition of "Permitted Indebtedness" contained therein and (v) it
         will not take a position contrary to positions set forth above in this
         Section 13.17 for any purpose.".

                                       17
<PAGE>

                  51. The Credit Agreement is hereby further amended by adding
the following new Section 15 immediately after Section 14 thereof:

                  "SECTION 15. SPECIAL PROVISIONS WITH RESPECT TO TRANCHE D TERM
         LOANS. To induce the Required Banks to enter into the Fourth Amendment
         and thereby permit the making of the Tranche D Term Loans, the
         following agreements are made by the Tranche D Banks (and their
         successors and assigns) for the benefit of the Banks holding
         Non-Tranche D Obligations hereunder (except that the agreement
         contained in Section 15.14 is made by the Banks party to the Fourth
         Amendment (and their successors and assigns) for the benefit of the
         Tranche D Banks):

                  15.01 PROVISIONS APPLICABLE TO AFFILIATES HOLDING TRANCHE D
         TERM LOANS. Notwithstanding anything to the contrary contained
         elsewhere in this Agreement or any other Credit Document, each holder
         of any Tranche D Obligations which is an Apollo Obligor or another
         Affiliate of the U.S. Borrower shall have (i) no right to receive any
         amounts (whether as additional compensation, reimbursement or payments
         in respect of indemnities) pursuant to any of Sections 1.10, 1.11, 4.04
         or 13.01 of this Agreement, (ii) unless the Required Banks otherwise
         expressly consent, no right to set-off (whether pursuant to Section
         13.02, applicable law or otherwise) any amounts owed to it by any
         Credit Party against or on account of any of the Obligations with
         respect to Tranche D Term Loans and (iii) no right (in its capacity as
         a Bank) to attend any meetings of the Banks or to receive information
         with respect to either Borrower or any of their respective Subsidiaries
         from the Administrative Agent or any other Bank. In no event shall the
         provisions of this Section 15.01 be applicable to the Tranche D Banks
         which constituted Banks party to this Credit Agreement on the Fourth
         Amendment Effective Date.

                  15.02 PRIORITIES WITH RESPECT TO COLLATERAL. The Banks
         acknowledge and agree that all Secured Obligations shall be secured
         pursuant to the Security Documents in accordance with the terms
         thereof; PROVIDED that, notwithstanding anything to the contrary
         contained in this Agreement or any other Credit Document, as between
         the Tranche D Obligations and Non-Tranche D Secured Obligations, the
         following priorities with respect to the Collateral shall apply:

                           (i) the Non-Tranche D Secured Obligations shall be
                  entitled to a first priority security interest in all
                  Collateral, superior and prior to the rights of the holders of
                  the Tranche D Obligations with respect thereto, which rights
                  of the holders of Tranche D Obligations to any and all
                  Collateral shall be subordinate and junior to the interests of
                  the holders of the Non-Tranche D Secured Obligations under the
                  Security Documents; and

                           (ii) the holders of the Tranche D Obligations, for
                  themselves and their successors and assigns, hereby
                  acknowledge and agree for the benefit of the other Secured
                  Creditors that they shall not be entitled to receive, in
                  respect of the Tranche D Obligations held by them, any of the
                  proceeds of any Collateral following the occurrence of an
                  Event of Default or received as a result of the enforcement of

                                       18
<PAGE>

                  rights pursuant to the Security Documents until all
                  Non-Tranche D Secured Obligations have been indefeasibly paid
                  in full in cash. The Tranche D Banks (for themselves and their
                  successors and assigns) hereby agree that, to the extent that
                  their outstanding Tranche D Term Loans are excluded for
                  purposes of determining the "Required Banks" in accordance
                  with the last sentence appearing in the definition thereof
                  contained herein, they shall have no rights to institute
                  foreclosure or other enforcement rights under the Security
                  Documents or any other Credit Document or otherwise, but shall
                  only be entitled to share in the proceeds of the Collateral as
                  realized and following the indefeasible payment in full in
                  cash of all Non-Tranche D Secured Obligations. The Tranche D
                  Banks also acknowledge and agree that they shall have no
                  rights to accelerate the maturity of any Tranche D Term Loans
                  or otherwise to participate in enforcement decisions pursuant
                  to Section 10 of this Agreement at any time that their Tranche
                  D Term Loans are excluded for purposes of determining the
                  "Required Banks" in accordance with the last sentence
                  appearing in the definition thereof contained herein.

                           (iii) Until all Non-Tranche D Secured Obligations
                  have been indefeasibly paid in full in cash, each holder of
                  the Tranche D Obligations hereby agrees (x) not to exercise,
                  with respect to the Tranche D Obligations, any right of setoff
                  or counterclaim with respect to the Collateral or any Proceeds
                  thereof, (y) that all Proceeds of Collateral shall be paid to
                  the Administrative Agent for application to the Non-Tranche D
                  Secured Obligations and (z) that any Proceeds of Collateral
                  received by any holder of the Tranche D Obligations in its
                  capacity as such and any other cash or other property received
                  by any holder of the Tranche D Obligations in its capacity as
                  such shall be segregated and held in trust and paid over to
                  the Administrative Agent for the benefit of the holders of all
                  Non-Tranche D Secured Obligations in the same form as
                  received, with any necessary endorsements.

                           (iv) If the Collateral Agent releases its liens in
                  any Collateral in connection with the sale, lease, transfer or
                  other disposition thereof, the holders of the Tranche D
                  Obligations shall execute and deliver to the Collateral Agent
                  such termination statements, release documents, consents and
                  other documents as the Collateral Agent may request to
                  effectively release, and facilitate the release of, the Liens
                  held by the Collateral Agent in such Collateral.

                  The foregoing provisions shall be effective at all times
         during the term of this Agreement, and notwithstanding (without
         limitation): (i) the initiation of any bankruptcy, moratorium,
         reorganization or other insolvency proceeding with respect to either
         Borrower or any of their respective Subsidiaries; (ii) the priorities
         which would otherwise result under the terms of the respective Security
         Documents or under applicable law; (iii) the taking of possession of
         any Collateral by any Tranche D Bank; or (iv) any other matter
         whatsoever; and shall continue in full force and effect until the Total
         Commitment has terminated and all Secured Obligations have been repaid
         in full.

                  15.03 PRIORITY ON DISTRIBUTION OF PROCEEDS OF COLLATERAL. In
the event of:

                                       19
<PAGE>

                           (a) any distribution of any Collateral upon any
                  bankruptcy, arrangement, receivership, assignment for the
                  benefit of creditors or any other action or proceeding
                  involving the readjustment of the obligations and indebtedness
                  of either Borrower or their respective Subsidiaries, or the
                  application of any Collateral to the payment thereof;

                           (b) any distribution of the Collateral upon the
                  liquidation or dissolution of either Borrower or their
                  respective Subsidiaries, or the winding up of the assets or
                  business of either Borrower or their respective Subsidiaries;

                           (c) any realization by any of the Banks or the
                  Collateral Agent with respect to the Liens pursuant to the
                  Credit Documents whether through a Remedial Action or
                  otherwise; or

                           (d) any Disposition of any Collateral, to the extent
                  that any part of the proceeds of such disposition are required
                  to be applied to any of the Obligations or held by the
                  Administrative Agent or the Collateral Agent in accordance
                  with the provisions of this Agreement or any of the Security
                  Documents;

         then, in any such event, as between the Secured Creditors, all of the
         Collateral and any Proceeds thereof so distributed, applied or realized
         upon shall be distributed or paid to (or retained by) the
         Administrative Agent or Collateral Agent for application FIRST to the
         Administrative Agent and Collateral Agent to pay the Administrative
         Agent's and Collateral Agent's fees, expenses and indemnities provided
         for in this Agreement and in the Security Documents, SECOND, to the
         Non-Tranche D Secured Obligations and third, after the indefeasible
         payment in full in cash of all Non-Tranche D Secured Obligations, the
         remaining amount or such Proceeds shall be distributed or paid to (or
         retained by) the Collateral Agent for application to the Tranche D
         Obligations then due and payable.

                  15.04 CERTAIN DISPOSITIONS OF COLLATERAL. Notwithstanding
         anything to the contrary contained above, to the extent Collateral is
         sold in accordance with the requirements of Section 9.02 of this
         Agreement (and is not sold as a result of any Remedial Action pursuant
         to a Security Document) at a time when no Default or Event of Default
         exists pursuant to Section 10.05, the proceeds thereof shall be applied
         in accordance with the requirements of Section 4.02 of this Agreement.

                  15.05 RIGHT TO CONTEST. Each holder of Tranche D Obligations
         and each Bank described in Section 15.14 agrees for itself, and its
         successors and assigns, not to contest or support any other Person in
         contesting, in any proceeding, including without limitation, any
         bankruptcy, insolvency or liquidation proceeding, the priority,
         validity or enforceability of the Liens held by the Banks, the
         Administrative Agent or the Collateral Agent in the Collateral or the
         priority, validity or enforceability of the Obligations, or the
         provisions of this Section 15. Notwithstanding anything to the contrary
         contained in the immediately preceding sentence, the Banks shall be
         entitled to assert the relative priorities, as between the Non-Tranche
         D Secured Obligations and the Tranche D Obligations, created pursuant
         to this Section 15 and the relevant provisions of the Security
         Documents.

                                       20
<PAGE>

                  15.06 PAYMENT INVALIDATED. In the event that any of the
         Non-Tranche D Secured Obligations shall be paid in full and
         subsequently, for whatever reason (including, but not limited to, an
         order or judgment for disgorgement of a preference under Title 11 of
         the United Stated Code, or any similar law, or the settlement of any
         claim in respect thereof), formerly paid or satisfied Non-Tranche D
         Secured Obligations become unpaid or unsatisfied, the terms and
         conditions of this Section 15 shall be fully applicable thereto until
         all such Non-Tranche D Secured Obligations are again paid in full.

                  15.07 RIGHT TO AMEND. ETC. As between the Tranche D Banks and
         the other Secured Creditors (including without limitation the Banks),
         it is agreed that the Secured Creditors (excluding the Tranche D Banks
         in their capacities as such) may at any time and from time to time, in
         their sole discretion, and without any obligation to give any notice or
         receive any consent from any Tranche D Bank in its capacity as such,
         change the manner, place or terms of payment, or change or extend the
         time of payment of, or renew, alter, refinance, increase or add to the
         Non-Tranche D Secured Obligations, or obtain, release, or dispose of
         any Collateral therefor, or amend or supplement in any manner this
         Agreement, the Security Documents, the other Credit Documents or any
         other agreements or instruments evidencing, securing or relating to the
         Non-Tranche D Secured Obligations, and the provisions of this Section
         15 shall continue in full force and effect with respect to all such
         Non-Tranche D Secured Obligations; PROVIDED, HOWEVER, that the actions
         of the Banks in effecting any amendments, waivers or modifications of
         this Agreement or the other Credit Documents shall be required to be
         taken in compliance with the relevant provisions regarding amendments
         (including without limitation Section 13.12 and, to the extent
         applicable, Section 15.14) contained in this Agreement or the
         respective Credit Document.

                  15.08 CREATION OF FUTURE OBLIGATIONS. All of the Non-Tranche D
         Secured Obligations shall be deemed to have been funded by the Secured
         Creditors in reliance upon the agreements contained in this Section 15,
         and each Tranche D Bank expressly waives notice of acceptance of the
         agreements set forth herein, notice of reliance thereon and any other
         agreements and notice of the creation of any Non-Tranche D Secured
         Obligations after the date hereof, and agrees that the Secured
         Creditors shall be entitled to rely upon the agreements set forth
         herein at all times in creating Non-Tranche D Secured Obligations. It
         is expressly agreed that additional extensions of credit may be made
         pursuant to this Agreement, with the consent of the Required Banks in
         accordance with Section 13.12 and any other Banks whose consent is
         required thereunder, and that such additional Obligations may be
         designated as Non-Tranche D Secured Obligations (and shall be entitled
         to such priorities with respect to the Collateral as may be agreed
         amongst the Required Banks), and that no further consent of the Tranche
         D Banks shall be required in connection therewith and that the
         provisions of this Section 15 shall be fully applicable to the
         Obligations so created in the future.

                  15.09 WAIVER OF LIABILITY FOR ACTIONS TAKEN WITH RESPECT TO
         TRANCHE D OBLIGATIONS AND Collateral. (a) Neither the Administrative
         Agent, the Collateral Agent nor any Bank shall have any liability to
         the holder of any Tranche D Obligations (in its capacity as such), and
         each Tranche D Bank (in its capacity as such), on behalf of itself and

                                       21
<PAGE>

         its successors and assigns, hereby waives to the extent permitted by
         applicable law any claim, right, action or cause of action which it may
         now or hereafter have against the Administrative Agent, the Collateral
         Agent or any other Bank (including, without limitation, any and all
         claims, rights, actions or causes of action that any Tranche D Bank may
         otherwise have against the Administrative Agent, the Collateral Agent
         or any other Bank under Sections 9-207, 9-609, 9-610, 9-611, 9-615,
         9-617 and 9-625 to 9-628, inclusive, of the UCC) arising out of, any
         and all actions which the Administrative Agent, the Collateral Agent or
         any other Bank, in good faith, takes or omits to take with respect to
         the Secured Obligations, any obligor with respect to the Secured
         Obligations or any Collateral, including, without limitation, actions
         with respect to: the creation, perfection or continuation of Liens with
         respect to any Collateral; any Remedial Action or Disposition of any
         Collateral; the release of any Collateral; the custody, valuation,
         protection, preservation, use or depreciation of any Collateral; the
         realizing upon or failure to realize upon any Collateral; or the
         collection of the Obligations. To the extent that any of the foregoing
         waivers is not permitted by applicable law, it is agreed that the
         applicable standard by which any non-waivable rights, duties or claims
         are to be measured shall be that none of the Administrative Agent, the
         Collateral Agent or any other Bank shall have any liability or
         responsibility to any holder of any Tranche D Obligations, for any
         actions or omissions by the Administrative Agent, the Collateral Agent
         or such Bank other than actions or omissions constituting gross
         negligence or wilful misconduct of the respective such Person as
         determined by a court of competent jurisdiction in a final and
         non-appealable decision.

                  15.10 FINANCING ISSUES. If the U.S. Borrower or any of its
         Subsidiaries shall be subject to a bankruptcy, insolvency, liquidation
         or similar proceeding (including as a result of the commencement of a
         case under the Bankruptcy Code) and the Administrative Agent, the
         Collateral Agent, the Banks or any of them shall desire to permit the
         usage of cash collateral or to provide financing to either Borrower or
         any of their respective Subsidiaries under Section 363 or Section 364
         of the Bankruptcy Code, then: each of the holders of the Tranche D
         Obligations agrees that (i) notice received two Business Days' prior to
         the entry of an order approving such usage of cash collateral and five
         Business Days' prior to the entry of an order approving such financing
         shall be adequate notice; and (ii) provided it receives a Lien in any
         property arising or acquired after the commencement of such proceeding
         which may be substituted for the Collateral subject to such usage under
         Section 363 or which secures such financing under Section 364 (which
         Lien shall be subordinated to any Lien in such property held by the
         Administrative Agent, the Collateral Agent, or the Banks, as the case
         may be, on terms substantially the same as the terms set forth in this
         Section 15), it will raise no objection to such usage or financing on
         the grounds that its junior Lien position with respect to any
         Collateral is not adequately protected.

                  15.11 EFFECTIVENESS. The provisions in this Section 15 shall
         be effective both before and after the commencement of a bankruptcy,
         insolvency, liquidation or similar proceeding. All references in this
         Agreement to the U.S. Borrower or any of its Subsidiaries shall include
         such entity as debtor in possession or any receiver or trustee for such
         entity.

                                       22
<PAGE>

                  15.12 FURTHER ASSURANCES. Each of the holders of the Tranche D
         Obligations agrees to take such further action and shall execute and
         deliver to the Administrative Agent, the Collateral Agent and the Banks
         such additional documents and instruments (in recordable form, if
         requested) as the Administrative Agent, the Collateral Agent or the
         Banks may reasonably request to effectuate the terms of, and the
         priorities established by, this Section 15.

                  15.13 NATURE OF TRANCHE D OBLIGATIONS. The parties hereto
         acknowledge and agree that the Tranche D Obligations constitute senior
         indebtedness of the U.S. Borrower and the various U.S. Subsidiary
         Guarantors (by virtue of the U.S. Subsidiary Guaranty), which is not
         subordinate in right of payment to any other Indebtedness of the U.S.
         Borrower. Notwithstanding anything to the contrary contained in the
         immediately preceding sentence, it is acknowledged and agreed that the
         priorities with respect to the Collateral and the Proceeds thereof
         shall be governed by the provisions of this Section 15, and the
         provisions of this Section 15.13 shall in no event limit or modify the
         agreements contained in Sections 15.01 through 15.12, or the provisions
         of the Security Documents as amended hereby.

                  15.14 AGREEMENT FOR BENEFIT OF TRANCHE D BANKS. Each Bank
         which executes and delivers a counterpart of the Fourth Amendment
         hereby irrevocably agrees, for the benefit of the Tranche D Banks, that
         such Bank (and its successors and assigns) will not, unless the prior
         written consent of the Required Tranche D Banks has been obtained,
         agree to any amendment or modification to this Agreement to the extent
         such amendment or modification would amend, modify or alter any of the
         provisions of this Section 15 or any defined term as used herein. The
         agreements contained in this Section 15.14 are made for the benefit of
         the Tranche D Banks and may not be amended or modified without the
         prior written consent of the Required Tranche D Banks.".

                  52. Part A of Schedule I to the Credit Agreement is hereby
amended by supplementing said Part A with the information appearing on Schedule
I attached hereto.

                  53. Exhibit A to the Credit Agreement (FORM OF NOTICE OF
BORROWING) is hereby amended by inserting the text "[Tranche D Term Loans]"
immediately following the text "[Tranche C Term Loans]" appearing in clause
(iii) of the first sentence in said Exhibit.

                  54. Exhibit L to the Credit Agreement (FORM OF ASSIGNMENT AND
ASSUMPTION AGREEMENT) is hereby amended by deleting such Exhibit in its entirety
and inserting in lieu thereof a new Exhibit L in the form of Exhibit L attached
hereto.

                  55. The Credit Agreement is hereby further amended by adding
Exhibit B-8 thereto (FORM OF TRANCHE D TERM NOTE) in the form of Exhibit B-8
attached hereto.

                  55. The Credit Agreement is hereby further amended by adding
Exhibit O (FORM OF PUT AND CALL AGREEMENT) thereto in the form of Exhibit O
attached hereto.

II.      AMENDMENTS TO THE U.S. SECURITY AGREEMENT.

                                       23
<PAGE>

                  1. Section 8.4 of the U.S. Security Agreement is hereby
amended as follows:

                  (i) deleting clause (iv) of Section 8.4(a) of the U.S.
         Security Agreement in its entirety and by inserting the following new
         clauses (iv) and (v) in lieu thereof:

                           "(iv) FOURTH, but subject to the provisions of
                  following clauses (g) and (h), to the extent proceeds remain
                  after the applications pursuant to preceding clauses (i)
                  through (iii), an amount equal to the outstanding Tertiary
                  Obligations (as hereinafter defined) shall be paid to the
                  Secured Creditors as provided in Section 8.4(e), with each
                  Secured Creditor receiving an amount equal to its outstanding
                  Tertiary Obligations or, if the proceeds are insufficient to
                  pay in full all such Tertiary Obligations, its Pro Rata Share
                  of the amount remaining to be distributed; and

                           (v) FIFTH, to the extent proceeds remain after the
                  applications pursuant to preceding clauses (i) through (iv),
                  inclusive, and following the termination of this Agreement
                  pursuant to Section 11.8(a) hereof, to the relevant Assignor
                  or to whomever may be lawfully entitled to receive such
                  surplus.";

                  (ii) deleting clauses (b) and (c) of said Section in their
         entirety and by inserting in lieu thereof the following new clauses (b)
         and (c):

                           "(b) For purposes of this Agreement (w) "Pro Rata
                  Share" shall mean, when calculating a Secured Creditor's
                  portion of any distribution or amount, that amount (expressed
                  as a percentage) equal to a fraction the numerator of which is
                  the then unpaid amount of such Secured Creditor's Primary
                  Obligations, Secondary Obligations or Tertiary Obligations, as
                  the case may be, and the denominator of which is the then
                  outstanding amount of all Primary Obligations, Secondary
                  Obligations or Tertiary Obligations, as the case may be, (x)
                  "Primary Obligations" shall mean (i) in the case of the Credit
                  Agreement Obligations, all principal of, and interest on, all
                  Loans (other than Tranche D Term Loans), all Unpaid Drawings
                  theretofore made (together with all interest accrued thereon),
                  the aggregate Stated Amounts of all Letters of Credit issued
                  under the Credit Agreement, and all Fees and (ii) in the case
                  of the Other Obligations, all amounts due under any Interest
                  Rate Protection Agreement or Other Hedging Agreement (other
                  than indemnities, fees (including, without limitation,
                  attorneys' fees) and similar obligations and liabilities), (y)
                  "Secondary Obligations" shall mean all Obligations other than
                  Primary Obligations and Tertiary Obligations and (z) "Tertiary
                  Obligations" shall mean all Tranche D Obligations under, and
                  as defined in, the Credit Agreement.

                           (c) When payments to Secured Creditors are based upon
                  their respective Pro Rata Shares, the amounts received by such
                  Secured Creditors hereunder shall be applied (for purposes of
                  making determinations under this Section 8.4 only) (i) FIRST,

                                       24
<PAGE>

                  to their Primary Obligations, (ii) SECOND, to the Secondary
                  Obligations (other than Secondary Obligations constituting
                  indemnity or reimbursement obligations not then due and owing
                  and for which no claim has been made at the time of the
                  proposed payment) and (iii) THIRD, to their Tertiary
                  Obligations. If any payment to any Secured Creditor of its Pro
                  Rata Share of any distribution would result in overpayment to
                  such Secured Creditor, such excess shall instead be
                  distributed in respect of the unpaid Primary Obligations,
                  Secondary Obligations or Tertiary Obligations, as the case may
                  be, of the other Secured Creditors, with each such Secured
                  Creditor whose Primary Obligations, Secondary Obligations or
                  Tertiary Obligations, as the case may be, have not been paid
                  in full to receive an amount equal to such excess amount
                  multiplied by a fraction the numerator of which is the unpaid
                  Primary Obligations, Secondary Obligations or Tertiary
                  Obligations, as the case may be, of such Secured Creditor and
                  the denominator of which is the unpaid Primary Obligations,
                  Secondary Obligations or Tertiary Obligations, as the case may
                  be, of all Secured Creditors entitled to such distribution.";

                  (iii) in clause (d) of said Section 8.4, inserting the phrase
         "(other than Tranche D Term Loans)" immediately after the phrase "all
         outstanding Loans" appearing therein;

                  (iv) in clause (f) of said Section 8.4, deleting the text
         "Primary Obligations and Secondary Obligations" appearing in said
         clause and inserting the text "Primary Obligations, Secondary
         Obligations and Tertiary Obligations" in lieu thereof;

                  (v) in clause (g) of said Section 8.4, deleting the text
         "Primary Obligations and Secondary Obligations" appearing in said
         clause and inserting the text "Primary Obligations, Secondary
         Obligations and Tertiary Obligations" in lieu thereof; and

                  (vi) in clause (h) of said Section 8.4, deleting the text
         "Primary Obligations and Secondary Obligations" appearing in said
         clause and inserting the text "Primary Obligations, Secondary
         Obligations and Tertiary Obligations" in lieu thereof.

III.     ACKNOWLEDGMENTS AND AGREEMENTS WITH RESPECT TO U.S. SUBSIDIARY GUARANTY
         AND U.S. SECURITY DOCUMENTS.

                  1. Each U.S. Subsidiary Guarantor hereby acknowledges and
agrees that all Obligations (including, without limitation, all Tranche D
Obligations after the extension thereof) are, and shall at all times be, fully
guaranteed pursuant to the U.S. Subsidiaries Guaranty in accordance with the
terms thereof.

                  2. Each of the parties thereto hereby acknowledge and agree
that all Obligations (including the Tranche D Obligations after the extension
thereof) are, and shall at all times be, entitled to the benefits of the U.S.
Security Documents. Each of the parties hereto also acknowledge and agree that,
to the extent the proceeds of any Collateral covered by, or subject to, any
Security Document are to be applied pursuant to the U.S. Security Agreement,
then such application shall be made in accordance with Section 15 of the Credit
Agreement and Section 8.4 of the U.S. Security Agreement (after giving effect to
this Amendment).

                                       25
<PAGE>

IV.      MISCELLANEOUS PROVISIONS.

                  1. In order to induce the Banks to enter into this Amendment,
each of the U.S. Borrower and the Canadian Borrower hereby represents and
warrants that:

                  (a) no Default or Event of Default exists as of the Fourth
         Amendment Effective Date, both immediately before and after giving
         effect to this Amendment; and

                  (b) all of the representations and warranties contained in the
         Credit Agreement or the other Credit Documents are true and correct in
         all material respects on the Fourth Amendment Effective Date both
         immediately before and after giving effect to this Amendment, with the
         same effect as though such representations and warranties had been made
         on and as of the Fourth Amendment Effective Date (it being understood
         that any representation or warranty made as of a specific date shall be
         true and correct in all material respects as of such specific date).

                  2. This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement or any other Credit Document.

                  3. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the U.S. Borrower and the Administrative
Agent.

                  4. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.

                  5. This Amendment shall become effective on the date (the
"Fourth Amendment Effective Date") when (x) each of the following conditions
shall have been met to the satisfaction of the Administrative Agent and the
Required D Tranche Banks and (y) the conditions specified in (v), (vi), (vii),
(viii), (x), (xi), (xii), (xiii), (xiv) and (xv) shall have been met to the
satisfaction of the Required Banks (determined immediately after the occurrence
of the Fourth Amendment Effective Date) :

                 (i) the Administrative Agent shall have received for the
         account of each Tranche D Bank requesting same a Tranche D Term Note,
         in the amount, maturity and as otherwise provided in this Amendment and
         Section 1.05 of the Credit Agreement (as amended hereby);

                (ii) the Administrative Agent shall have received from each
         Borrower, each U.S. Subsidiary Guarantor and each Apollo Obligor true
         and correct certified copies of resolutions of the Board of Directors
         of such Person with respect to the matters set forth in this Amendment,
         and such resolutions shall in form and substance satisfactory to the
         Administrative Agent;

                                       26
<PAGE>
                  (iii) the Administrative Agent shall have received from each
         Apollo Obligor a certificate, dated the Fourth Amendment Effective
         Date, signed by an appropriate officer of such Apollo Obligor,
         certifying and attaching true and correct copies of the certificate of
         limited partnership, partnership agreement or other organizational
         documents of such Apollo Obligor, and all of the foregoing shall be
         reasonably satisfactory to the Administrative Agent;

                (iv) all corporate, partnership and legal proceedings and all
         instruments and agreements in connection with the transactions
         contemplated by this Agreement and the Fourth Amendment shall be
         reasonably satisfactory in form and substance to the Administrative
         Agent and the Tranche D Banks, and the Administrative Agent shall have
         received all information and copies of all documents and papers,
         including records of proceedings, governmental approvals, good standing
         certificates and bring-down telegrams or facsimiles, if any, which the
         Administrative Agent reasonably may have requested in connection
         therewith, such documents and papers where appropriate to be certified
         by proper corporate, partnership or governmental authorities;

                 (v) the Administrative Agent shall have received from (x)
         O'Sullivan LLP, special New York counsel to the Credit Parties, an
         opinion addressed to each Agent, the Collateral Agent and each of the
         Banks and dated the Fourth Amendment Effective Date, (y) Akin Gump
         Strauss Hauer & Feld LLP, special New York counsel to the Apollo
         Obligors and (z) Robert Kasak, special counsel to the Credit Parties,
         an opinion addressed to each Agent, the Collateral Agent and each of
         the Banks and dated the Fourth Amendment Effective Date, in each case
         covering such matters incident to this Amendment and the transactions
         contemplated herein as the Administrative Agent and the Required D
         Tranche Banks may reasonably request (including, without limitation, an
         opinion as to no conflict with the Senior Subordinated Notes Indenture
         and appropriate opinions as to the Put and Call Agreement) and
         otherwise in form and substance satisfactory to the Administrative
         Agent and the Required D Tranche Banks;

                  (vi) since December 31, 2000, nothing shall have occurred
         which (i) the Administrative Agent or the Required Tranche D Banks
         shall determine has had, or could reasonably be expected to have, a
         material adverse effect on the rights or remedies of the Agents or the
         Banks, or on the ability of any Credit Party or any Apollo Obligor to
         perform their respective obligations to them under the Credit Documents
         to which it is a party or (ii) which has had a Material Adverse Effect;

                  (vii) there shall be no actions, suits, proceedings or
         investigations pending or threatened (a) with respect to this
         Amendment, any Credit Document or the transactions contemplated by this
         Amendment, (b) which either the Administrative Agent or the Required D
         Tranche Banks shall determine could reasonably be expected to have (i)
         a Material Adverse Effect or (ii) a material adverse effect on the
         transactions contemplated by this Amendment, the rights or remedies of
         the Banks or the Agents under the Credit Agreement or under any other
         Credit Document or on the ability of any Credit Party or any Apollo
         Obligor to perform its respective obligations to the Banks or the
         Agents under any Credit Document to which it is a party;

                                       27
<PAGE>

                  (viii) (x) all necessary governmental (domestic and foreign),
         regulatory and third party approvals in connection with the
         transactions contemplated by this Amendment and otherwise referred to
         herein shall have been obtained and remain in full force and effect and
         evidence thereof shall have been provided to the Administrative Agent,
         and (y) there shall not exist any judgment, order, injunction or other
         restraint issued or filed or a hearing seeking injunctive relief or
         other restraint pending or notified prohibiting or imposing materially
         adverse conditions upon, or materially delaying, or making economically
         unfeasible, the consummation of the transactions contemplated by this
         Amendment or the making of the Tranche D Loans;

                  (ix) each Apollo Obligor shall have duly authorized, executed
         and delivered the Put and Call Agreement in the form of Exhibit O to
         the Credit Agreement (the "Put and Call Agreement"), and the Put and
         Call Agreement shall be in full force and effect;

                  (x) the Lenders shall have received detailed consolidated
         financial projections (in the form included in the report prepared by
         CDG), certified by the chief financial officer of the U.S. Borrower,
         for the U.S. Borrower and its Subsidiaries, and after giving effect to
         the incurrence of the Tranche D Term Loans on the Fourth Amendment
         Effective Date and the repayment of a portion of the outstanding Term
         Loans and the other transactions contemplated hereby (the "Updated
         Projections"), which Updated Projections, and the supporting
         assumptions and explanations thereto, shall be satisfactory in form and
         substance to the Administrative Agent and the Required Lenders;

                  (xi) the Lenders shall have received a solvency certificate
         meeting the requirements of Section 5.14(a) of the Credit Agreement,
         except that such certificate shall be dated the Fourth Amendment
         Effective Date and shall be modified (to the satisfaction of the
         Administrative Agent) to provide that such certificate is being
         provided after giving effect to the incurrence of the Tranche D Term
         Loans on the Fourth Amendment Effective Date and the repayment of other
         outstanding Term Loans;

                  (xii) the U.S. Borrower shall have delivered to the
         Administrative Agent an officer's certificate signed by an appropriate
         officer of the U.S. Borrower in form and substance satisfactory to the
         Administrative Agent, (x) establishing that the incurrence of Tranche D
         Term Loans on such date complies with the terms of the Senior
         Subordinated Notes Indenture and (y) containing a representation and
         warranty that (i) all Revolving Loans, Swingline Loans, Letters of
         Credit and Tranche A Term Loans (other than New Tranche A Term Loans)
         are permitted pursuant to Section 4.04 of the Senior Subordinated Notes
         Indenture by virtue of the application of (and were, or will be,
         incurred in reliance on) clause (ii) of the definition of "Permitted
         Indebtedness" contained therein, (ii) all New Tranche A Term Loans,
         Tranche B Term Loans and Tranche C Term Loans are permitted pursuant
         to, and were incurred in reliance on, the proviso to Section 4.04 of

                                       28
<PAGE>

         the Senior Subordinated Notes Indenture, (iii) $2,631,578.95 of
         principal of Tranche D Term Loans (I.E., an amount equal to the
         principal amount of Tranche A Term Loans (which constituted Original
         Term Loans on their date of incurrence) to be refinanced with the
         proceeds of Tranche D Term Loans) is permitted pursuant to Section 4.04
         of the Senior Subordinated Notes Indenture by virtue of the application
         of (and will be incurred in reliance on) clause (ii) of the definition
         of "Permitted Indebtedness" contained therein, (iv) $12,368,421.05 of
         principal of Tranche D Term Loans (I.E., an amount equal to the
         principal amount of Term Loans (other than those which constituted
         Original Term Loans on their date of incurrence) to be refinanced with
         the proceeds of Tranche D Term Loans) is permitted pursuant to Section
         4.04 of the Senior Subordinated Notes Indenture by virtue of the
         application of (and will be incurred in reliance on) clause (xiii) of
         the definition of "Permitted Indebtedness" contained therein and (v)
         the Indebtedness evidenced by the Tranche D Term Loans (and each Credit
         Event occurring after the Fourth Amendment Effective Date) constitutes,
         or will constitute, as the case may be, "Senior Debt" and "Designated
         Senior Debt" under the Senior Subordinated Notes Indenture;

                  (xiii) the Borrowers shall have paid to the Administrative
         Agent and the Banks all fees, costs and expenses (including, without
         limitation, legal fees and expenses and any breakage costs incurred as
         a result of the repayment of Term Loans as contemplated by clause (xiv)
         below) payable to the Administrative Agent and the Banks to the extent
         then due;

                  (xiv) concurrently with the satisfaction of the last condition
         specified in this Section 5 of Part IV to be satisfied, the U.S.
         Borrower shall have prepaid outstanding Term Loans in an aggregate
         principal amount equal to $15,000,000 pursuant to, and in accordance
         with the requirements of, Section 4.01 of the Credit Agreement (as
         amended hereby);

                  (xv) the Administrative Agent shall have received a
         certificate, dated the Fourth Amendment Effective Date and signed on
         behalf of the U.S. Borrower by an Authorized Officer of the U.S.
         Borrower, stating all of the conditions in clauses (vi), (vii), (viii),
         (xii), (xiii) and (xiv) of this Part IV, Section 5 and Section 6.01 of
         the Credit Agreement have been satisfied on such date; and

                  (xvi) the U.S. Borrower, the Canadian Borrower, each U.S.
         Subsidiary Guarantor, the Administrative Agent, the Banks constituting
         the Required Banks and each Tranche D Bank shall have signed a
         counterpart hereof (whether the same or different counterparts) and
         shall have delivered (including by way of facsimile transmission) the
         same to the Administrative Agent at its Notice Office.

Unless the Administrative Agent has received actual notice from any Bank that
the conditions contained above have not been met with satisfaction, upon the
satisfaction of the condition described in clauses (xv) and (xvi) of the
immediately preceding sentence and upon the Administrative Agent's good faith
determination that the other conditions described above have been met, the
Fourth Amendment Effective Date shall be deemed to have occurred, regardless of
any subsequent determination that one or more of the conditions thereto had not
been met (although the occurrence of the Fourth Amendment Effective Date shall
not release any Credit Party from any liability for failure to satisfy one or
more of the applicable conditions specified above). The acceptance by the U.S.
Borrower of the proceeds of the extensions of Tranche D Term Loans on the Fourth
Amendment Effective Date shall be deemed to constitute a representation and
warranty by the U.S. Borrower (including, without limitation, for purposes of

                                       29
<PAGE>

Section 10.02 of the Credit Agreement) to the effect that all conditions
contained above in this Section 5 of Part IV of this Amendment have been
satisfied on the Fourth Amendment Effective Date.

                  6. So long as the Fourth Amendment Effective Date occurs, the
U.S. Borrower shall pay to each Bank which has executed a counterpart hereof on
or prior to 12:00 Noon (New York time) on the later to occur of December 14,
2001 or the Fourth Amendment Effective Date, a consent fee equal to 0.25% of the
sum of (x) its Revolving Loan Commitment as in effect on the Fourth Amendment
Effective Date and (y) the aggregate principal amount of its Term Loans (other
than Tranche D Term Loans) outstanding on the Fourth Amendment Effective Date
(after giving effect to the repayment of Term Loans as contemplated by clause
(xiv) of Section 5, Part IV of this Amendment). All fees payable pursuant to the
immediately preceding sentence shall be paid to the Administrative Agent within
one Business Day after the later date specified in the immediately preceding
sentence, which fees shall be distributed by the Administrative Agent to the
relevant Banks in the amounts specified in the immediately preceding sentence.

                  7. From and after the Fourth Amendment Effective Date, all
references in the Credit Agreement and each of the other Credit Documents to the
Credit Agreement and the U.S. Security Agreement shall be deemed to be
references to the Credit Agreement or the U.S. Security Agreement, as the case
may be, as modified hereby.

                                      * * *

                                       30
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused their duly
authorized officers to execute and deliver this Amendment as of the date first
above written.

                               QUALITY DISTRIBUTION INC. (f/k/a MTL, Inc.)

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

                               LEVY TRANSPORT LTD./LEVY
                                  TRANSPORT LTEE

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

                               CREDIT SUISSE FIRST BOSTON,
                                   Individually and as Administrative Agent

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

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

                                       31
<PAGE>

                               BANKERS TRUST COMPANY,
                                   Individually and as Syndication Agent

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

                               CITICORP USA, INC.

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

                               LASALLE BANK NATIONAL ASSOCIATION

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

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

                               THE BANK OF NOVA SCOTIA

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

                                       32
<PAGE>

                               PB CAPITAL CORP. (f/k/a BHF-BANK
                                  AKTIENGESELLSCHAFT)

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

                               BALANCED HIGH YIELD FUND II LTD.,
                                   By: ING CAPITAL ADVISORS LLC, as Asset
                                       Manager

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

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

                               BANK AUSTRIA CREDITANSTALT CORPORATE FINANCE,
                                  INC. (f/k/a Creditanstalt Corporate Finance,
                                  Inc.)

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

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

                                       33
<PAGE>

                               ROYAL BANK OF CANADA

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

                               COMERICA BANK, N.A.

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

                               THE MITSUBISHI TRUST AND BANKING CORPORATION

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

                               BANK OF TOKYO-MITSUBISHI TRUST COMPANY

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

                               BANK POLSKA KASA OPIEKI S.A. - PEKAO

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

                                       34
<PAGE>

                               THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

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

                               MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST

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

                               SENIOR DEBT PORTFOLIO
                                   By: Boston Management and Research,
                                         as Investment Advisor

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

                               SANKATY ADVISORS

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

                               ARCHIMEDES FUNDING, L.L.C.

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

                                       35
<PAGE>

                               ARCHIMEDES FUNDING II, L.L.C.

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

                               CERES FINANCE LTD.

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

                               INDOSUEZ CAPITAL FUNDING IIA, LIMITED

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

                               INDOSUEZ CAPITAL FUNDING IV, LP

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

                               KZH ING-2 LLC

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

                                       36
<PAGE>

                               KZH STERLING LLC

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

                               KZH ING-3 LLC

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

                               OASIS COLLATERALIZED HIGH INCOME PORTFOLIO I

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

                               TRANSAMERICA LIFE & ANNUITY COMPANY

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

                               AERIES FINANCE LTD.

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

                                       37
<PAGE>

                               ELC (CAYMAN) LTD.

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

                               ELC (CAYMAN) LTD., CDO SERIES 1999-I

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

                               ELC (CAYMAN) LTD., CDO SERIES 1999-II

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

                               GREAT POINT CLO 1999-I LTD.

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

                               AVALON CAPITAL II

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

                                       38
<PAGE>

                               ARCHIMEDES FUNDING III, L.L.C.

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

                               TEXTRON FINANCIAL CORPORATION

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

                               APEX (IDM) CDO I LTD.

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

                               BRANT POINT CBO 1999-1 LTD.

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

                               BRANT POINT II CBO 2000-1 LTD.

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

                                       39
<PAGE>

                               ELC (CAYMAN) 1999-III

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

                               ELC (CAYMAN) LTD. 2000-I

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

                               INDOSUEZ CAPITAL FUNDING III

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

                               ML CBO IV (CAYMAN), LTD.

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

                               PAM CAPITAL FUNDING LP

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

                                       40
<PAGE>

                               PAMCO CAYMAN LTD.

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

                               SANKATY HIGH YIELD PARTNERS II, LP

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

                               SANKATY HIGH YIELD PARTNERS III, LP

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

                               TRYON CLO 2000-1

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

                                       41
<PAGE>

                  Each of the undersigned, each being an Assignor under the U.S.
Security Agreement, a Pledgor under, and as defined in, the U.S. Pledge
Agreement and a U.S. Subsidiary Guarantor under, and as defined in, the Credit
Agreement referenced in the foregoing Fourth Amendment, hereby consents to the
entering into of the Fourth Amendment and agrees to the provisions thereof
(including Parts II and III thereof).

                               AMERICAN TRANSINSURANCE GROUP, INC.

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

                               CAPACITY MANAGEMENT SYSTEMS, INC.

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

                               CHEMICAL LEAMAN CORPORATION

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

                               CHEMICAL LEAMAN TANK LINES, INC.

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

                               CHEMICAL PROPERTIES, INC.

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

                                       42
<PAGE>

                               CLT SERVICES, INC.

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

                               CLM, INC.

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

                               ENVIROPOWER, INC.

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

                               FLEET TRANSPORT COMPANY, INC.

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

                               LAKESHORE LEASING, INC.

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

                                       43
<PAGE>

                               LLI, INC.

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

                               MEXICO INVESTMENTS, INC.

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

                               MTL OF NEVADA

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

                               PICKERING WAY FUNDING CORP.

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

                               POWER PURCHASING, INC.

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

                                       44
<PAGE>

                               QUALA SYSTEMS, INC.

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

                               QUALITY CARRIERS, INC.

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

                               QSI SERVICES, INC.

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

                               TRANSPLASTICS, INC.

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

                                       45
<PAGE>

                                                                      SCHEDULE I
                                     PART A

                          LIST OF BANKS AND COMMITMENTS

                                                           TRANCHE D TERM
                                                                LOAN
                   BANK                                      COMMITMENT
                   ----                                      ----------
Credit Suisse First Boston                                   $15,000,000

Bankers Trust Company                                             0

Salomon Brothers Holding Company Inc.                             0

ABN AMRO Bank N.V.                                                0

The Bank of Nova Scotia                                           0

BHF-Bank Aktiengesellschaft                                       0

Creditanstalt Corporate Finance, Inc.                             0

Comerica Bank, N.A.                                               0

The Mitsubishi Trust and Banking                                  0
  Corporation
<PAGE>
                                                                      SCHEDULE I
                                                                       Page 2

                                                           TRANCHE D TERM
                                                                LOAN
                   BANK                                      COMMITMENT
                   ----                                      ----------

Bank of Tokyo-Mitsubishi Trust Company                            0

Royal Bank of Canada                                              0

Societe Generale                                                  0

Bank Polska Kasa Opieki S.A. - Pekao                              0

Balanced High Yield Fund II, Ltd.                                 0

Metropolitan Life Insurance Company                               0

Prudential Insurance Company of America                           0

National Westminster Bank Plc                                     0

BankBoston, N.A.                                                  0
<PAGE>
                                                                      SCHEDULE I
                                                                       Page 3

                                                           TRANCHE D TERM
                                                                LOAN
                   BANK                                      COMMITMENT
                   ----                                      ----------

Morgan Stanley Dean Witter Prime Income                           0
  Trust

KZH Soleil LLC                                                    0

Canadian Imperial Bank of Commerce                                0

Oxford Strategic Income Fund                                      0

Senior Debt Portfolio                                             0

Sankaty High Yield Asset Partners, L.P.                           0

Merrill Lynch, Pierce Fenner & Smith                              0
  Incorporated

Total                                                        15,000,000

<PAGE>

                                                                     EXHIBIT B-8

                           FORM OF TRANCHE D TERM NOTE

$_____________                                               New York, New York
                                                             __________ ___, ___

                  FOR VALUE RECEIVED, QUALITY DISTRIBUTION, INC. (f/k/a MTL,
Inc.), a Florida corporation (the "U.S. Borrower"), hereby promises to pay to
the order of __________ or its registered assigns (the "Bank"), in lawful money
of the United States of America in immediately available funds, at the Payment
Office (as defined in the Agreement referred to below) initially located at 11
Madison Avenue, New York, York 10010 on the Tranche D Term Loan Maturity Date
(as defined in the Agreement) the principal sum of ______________________ U.S.
DOLLARS ($__________) or, if less, the unpaid principal amount of all Tranche D
Term Loans (as defined in the Agreement) made by the Bank pursuant to the
Agreement payable at such times and in such amounts as are specified in the
Agreement.

                  The U.S. Borrower promises to pay interest on the unpaid
principal amount of each Tranche D Term Loan made by the Bank in like money at
said office from the date hereof until paid at the rates and at the times
provided in Section 1.08 of the Agreement.

                  This Note is one of the Tranche D Term Notes referred to in
the Credit Agreement, dated as of June 9, 1998 and amended and restated as of
August 28, 1998, among the U.S. Borrower, Levy Transport Ltd./Levy Transport
Ltee, the financial institutions from time to time party thereto (including the
Bank), ABN AMRO Bank N.V., The Bank of Nova Scotia, BHF-Bank Aktiengesellschaft,
Creditanstalt Corporate Finance, Inc. and Royal Bank of Canada, as Co-Agents,
Salomon Brothers Holding Company Inc, as Documentation Agent, Bankers Trust
Company, as Syndication Agent, and Credit Suisse First Boston, as Administrative
Agent (as so amended and restated and as the same may be further amended,
amended and restated, modified and/or supplemented from time to time, the
"Agreement") and is entitled to the benefits thereof and of the other Credit
Documents (as defined in the Agreement). This Note is secured by the U.S.
Security Documents (as defined in the Agreement) and is entitled to the benefits
of the U.S. Subsidiaries Guaranty (as defined in the Agreement). As provided in
the Agreement, this Note is subject to voluntary prepayment and mandatory
repayment prior to the Tranche D Term Loan Maturity Date, in whole or in part,
and Tranche D Term Loans may be converted from one Type (as defined in the
Agreement) into another Type to the extent provided in the Agreement.

                  In case an Event of Default (as defined in the Agreement)
shall occur and be continuing, the principal of and accrued interest on this
Note may be declared to be due and payable in the manner and with the effect
provided in the Agreement.

                  The U.S. Borrower hereby waives presentment, demand, protest
or notice of any kind in connection with this Note.

<PAGE>
                                                                     EXHIBIT B-8
                                                                       Page 2

                  THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                                                 QUALITY DISTRIBUTION, INC.
                                                    (f/k/a/ MTL, Inc.)

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

<PAGE>

                                                                       EXHIBIT L

                   FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT

                                                            DATE: ________, ____

                  Reference is made to the Credit Agreement described in Item 2
of Annex I annexed hereto (as such Credit Agreement may hereafter be amended,
modified or supplemented from time to time, the "Credit Agreement"). Unless
defined in Annex I attached hereto, terms defined in the Credit Agreement are
used herein as therein defined. _____________ (the "Assignor") and
______________ (the "Assignee") hereby agree as follows:

                  1. The Assignor hereby sells and assigns to the Assignee
without recourse and without representation or warranty (other than as expressly
provided herein), and the Assignee hereby purchases and assumes from the
Assignor, that interest in and to all of the Assignor's rights and obligations
under the Credit Agreement as of the date hereof which represents the percentage
interest specified in Item 4 of Annex I (the "Assigned Share") of all of the
outstanding rights and obligations under the Credit Agreement relating to the
Tranches indicated in Item 4 of Annex I, including, without limitation, (i) in
the case of any assignment of all or any portion of outstanding Tranche A Term
Loans, all rights and obligations with respect to the Assigned Share of all then
outstanding Tranche A Term Loans, (ii) in the case of any assignment of all or
any portion of outstanding Tranche B Term Loans, all rights and obligations with
respect to the Assigned Share of all then outstanding Tranche B Term Loans,
(iii) in the case of any assignment of all or any portion of outstanding Tranche
C Term Loans, all rights and obligations with respect to the Assigned Share of
all then outstanding Tranche C Term Loans, (iv) in the case of any assignment of
all or any portion of outstanding Tranche D Term Loans, all rights and
obligations with respect to the Assigned Share of all then outstanding Tranche D
Term Loans and (v) in the case of any assignment of all or any portion of the
Total Revolving Loan Commitment, all rights and obligations with respect to (x)
the Assigned Share of the Total Revolving Loan Commitment, (y) the Assigned
Share or Shares, as the case may be, of the related Canadian Revolving Loan
Sub-Commitment and/or Non-Canadian Revolving Loan Sub-Commitment (it being
understood that the aggregate amount of the assigned portion of the Canadian
Revolving Loan Sub-Commitment and/or Non-Canadian Revolving Loan Sub-Commitment
must equal the amount of the assigned Revolving Loan Commitment) and (z) the
Assigned Share of all then outstanding Revolving Loans and Letters of Credit.
After giving effect to such sale and assignment, the Assignee's Revolving Loan
Commitment, Canadian Revolving Loan Sub-Commitment and/or Non-Canadian Revolving
Loan Sub-Commitment and the amount of the outstanding Tranche A Term Loans,
Tranche B Term Loans, Tranche C Term Loans and/or Tranche D Term Loans owing to
the Assignee will be as set forth in Item 4 of Annex I.

                  2. The Assignor (i) represents and warrants that it is the
legal and beneficial owner of the interest being assigned by it hereunder and
that such interest is free and clear of any adverse claim; (ii) makes no
representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the
Credit Agreement or the other Credit Documents or the execution, legality,

<PAGE>
                                                                       EXHIBIT L
                                                                        Page 2

validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or the other Credit Documents or any other instrument or document
furnished pursuant thereto; and (iii) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the U.S.
Borrower or any of its Subsidiaries or the performance or observance by the U.S.
Borrower or any of its Subsidiaries of any of its obligations under the Credit
Agreement or the other Credit Documents or any other instrument or document
furnished pursuant thereto.

                  3. The Assignee (i) represents and warrants that it is duly
authorized to enter into and perform the terms of this Assignment and Assumption
Agreement; (ii) confirms that it has received a copy of the Credit Agreement and
the other Credit Documents, together with copies of the financial statements
referred to therein and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption Agreement; (iii) agrees that it will, independently
and without reliance upon the Documentation Agent, the Syndication Agent, the
Administrative Agent, the Assignor or any other Bank and based on such documents
and information as it shall deem appropriate at the time, continue to make its
own credit decisions in taking or not taking action under the Credit Agreement;
(iv) appoints and authorizes the Documentation Agent, the Syndication Agent, the
Administrative Agent and the Collateral Agent to take such action as agent on
its behalf and to exercise such powers under the Credit Agreement and the other
Credit Documents as are delegated to the Documentation Agent, the Syndication
Agent, the Administrative Agent and the Collateral Agent by the terms thereof,
together with such powers as are reasonably incidental thereto; (v) confirms
that it is a parent company and/or an affiliate of the Assignor or an Eligible
Transferee under Section 13.04(b) of the Credit Agreement; (vi) in the event the
Assignee is purchasing outstanding Tranche D Term Loans pursuant to this
Assignment and Assumption Agreement, agrees to be bound by, and subject to the
terms of, the Put and Call Agreement as a "Tranche D Bank"; [and] (vii) agrees
that it will perform in accordance with their terms all of the obligations which
by the terms of the Credit Agreement are required to be performed by it as a
Bank[; and (viii) attaches the forms described in Section 13.04(b) of the Credit
Agreement].(1)

                  4. Following the execution of this Assignment and Assumption
Agreement by the Assignor and the Assignee, an executed original hereof
(together with all attachments) will be delivered to the Administrative Agent.
The effective date of this Assignment and Assumption Agreement shall be (x) the
date upon which all of the following conditions have been satisfied: (i) the
execution hereof by the Assignor and the Assignee, (ii) the consent hereto by
the Administrative Agent, the U.S. Borrower and each Letter of Credit Issuer to
the extent required by Section 13.04(b) of the Credit Agreement, (iii) the
receipt by the Administrative Agent of the assignment fee referred to in Section
13.04(b) of the Credit Agreement, and (iv) the recordation of the assignment
effected hereby on the Register by the Administrative Agent as provided in
Section 13.17 of the Credit Agreement, or (y) such later date as is otherwise
specified in Item 5 of Annex I hereto (the "Settlement Date").

                  5. Upon the delivery of a fully executed original hereof to
the Administrative Agent, as of the Settlement Date, (i) the Assignee shall be a
party to the Credit Agreement and, to the extent provided in this Assignment and
Assumption Agreement, have the rights and obligations of a Bank thereunder and

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

(1)   If the Assignee is a U.S. Bank organized under the laws of a jurisdiction
      outside the United States.

<PAGE>
                                                                       EXHIBIT L
                                                                        Page 3

under the other Credit Documents and (ii) the Assignor shall, to the extent
provided in this Assignment and Assumption Agreement, relinquish its rights and
be released from its obligations under the Credit Agreement and the other Credit
Documents.

                  6. It is agreed that upon the effectiveness hereof, the
Assignee shall be entitled to (w) all interest on the Assigned Share of the
outstanding Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans,
Tranche D Term Loans and/or Revolving Loans at the rates specified in Item 6 of
Annex I, (y) all Commitment Fees (if applicable) on the Assigned Share of the
Total Revolving Loan Commitment at the rate specified in Item 7 of Annex I and
(z) all Letter of Credit Fees (if applicable) on the Assignee's participation in
all Letters of Credit at the rate specified in Item 8 of Annex I, which, in each
case, accrue on and after the Settlement Date, such interest and, if applicable,
Commitment Fees and Letter of Credit Fees, to be paid by the Administrative
Agent, upon receipt thereof from the respective Borrower or Borrowers directly
to the Assignee. It is further agreed that all payments of principal made on the
Assigned Share of the outstanding Tranche A Term Loans, Tranche B Term Loans,
Tranche C Term Loans, Tranche D Term Loans and/or Revolving Loans which occur on
and after the Settlement Date will be paid directly by the Administrative Agent
to the Assignee. Upon the Settlement Date, the Assignee shall pay to the
Assignor an amount specified by the Assignor in writing which represents the
Assigned Share of the principal amount of the Tranche A Term Loans, Tranche B
Term Loans, Tranche C Term Loans, Tranche D Term Loans and/or Revolving Loans
which are outstanding on the Settlement Date, net of any closing costs. The
Assignor and the Assignee shall make all appropriate adjustments in payments
under the Credit Agreement for periods prior to the Settlement Date directly
between themselves.

                  7. THIS ASSIGNMENT AND ASSUMPTION AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

<PAGE>
                                                                       EXHIBIT L
                                                                        Page 4

                  IN WITNESS WHEREOF, the parties hereto have caused this
Assignment and Assumption Agreement to be executed by their respective officers
thereunto duly authorized, as of the date first above written, such execution
also being made on Annex I hereto.

                                                   [NAME OF ASSIGNOR],
                                                   as Assignor

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

                                                   [NAME OF ASSIGNEE],
                                                   as Assignee

                                                   By
                                                     ---------------------------
                                                      Name:
                                                      Title:
Acknowledged and Agreed:

[CREDIT SUISSE FIRST BOSTON,
  as Administrative Agent

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

QUALITY DISTRIBUTION, INC.
     (f/k/a MTL, Inc.)

By
  --------------------------
    Name:
    Title:](2)

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

(2)   The consent of each of the Administrative Agent and, so long as no Default
      or Event of Default is then in existence, the U.S. Borrower is required in
      connection with any assignment to an Eligible Transferee pursuant to
      clause (y) of Section 13.04(b) of the Credit Agreement (which consent, in
      either case, shall not be unreasonably withheld or delayed).

<PAGE>

                                                                       EXHIBIT L
                                                                        Page 5

[NAME OF EACH LETTER OF CREDIT ISSUER,
  as Letter of Credit Issuer

By                                ](3)
  --------------------------------
    Name:
    Title:

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

(3)   The consent of each Letter of Credit Issuer is required in connection with
      any assignment of Non-Canadian Revolving Loan Sub-Commitments to an
      Eligible Transferee pursuant to clause (y) of Section 13.04(b) of the
      Credit Agreement (which consent shall not be unreasonably withheld or
      delayed).

<PAGE>

                                                                         ANNEX I

1.       The Borrowers:   Quality Distribution, Inc. (f/k/a MTL, Inc.) (the
                          "U.S. Borrower") and Levy Transport Ltd./Levy
                          Transport Ltee

2.       Name and Date of Credit Agreement:

                           Credit Agreement, dated as of June 9, 1998 and
         amended and restated as of August 28, 1998, among the Borrowers, the
         Banks from time to time party thereto, ABN AMRO Bank N.V., The Bank of
         Nova Scotia, BHF-Bank Aktiengesellschaft, Creditanstalt Corporate
         Finance, Inc. and Royal Bank of Canada, as Co-Agents, Salomon Brothers
         Holding Company Inc, as Documentation Agent, Bankers Trust Company, as
         Syndication Agent, and Credit Suisse First Boston, as Administrative
         Agent, as so amended and restated and as the same may be further
         amended, restated, modified and/or supplemented from time to time.

3.       Date of Assignment Agreement:

4.       Amounts (as of date of item #3 above):
<TABLE>
<CAPTION>

========================= ============= ============= ============== ============== ============== ============== ================
                                                                                                   Total          Total Non-
                          Outstanding   Outstanding   Outstanding    Outstanding    Total          Canadian       Canadian
                          Principal     Principal     Principal of   Principal of   Revolving      Revolving      Revolving Loan
                          of Tranche A  of Tranche B  Tranche C      Tranche D      Loan           Loan           Sub-Commitment
                          Term Loans    Term Loans    Term Loans     Term Loans     Commitment     Sub-Commitment
------------------------- ------------- ------------- -------------- -------------- -------------- -------------- ----------------

<S>                       <C>           <C>           <C>            <C>            <C>            <C>            <C>
a.  Aggregate Amount for  $_______      $_______      $_______       $________      $_______       $_______       $_______
    all Banks
------------------------- ------------- ------------- -------------- -------------- -------------- -------------- ----------------

b.  Assigned Share        _____%        _____%        _____%         _________%     _____%         _____%         _____%
------------------------- ------------- ------------- -------------- -------------- -------------- -------------- ----------------

c.  Amount of Assigned    $_______      $_______      $_______       $________      $_______       $_______       $_______
    Share
========================= ============= ============= ============== ============== ============== ============== ================
</TABLE>

5.  Settlement Date:

6.  Rate of Interest
    to the Assignee:          As set forth in Section 1.08 of the Credit
                              Agreement (unless otherwise agreed to by the
                              Assignor and the Assignee)(1)

7.  Commitment Fees
    to the Assignee:          As set forth in Section 3.01(a) of the Credit
                              Agreement (unless otherwise agreed to by the
                              Assignor and the Assignee)(2)

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

(1)   The Borrowers and the Administrative Agent shall direct the entire amount
      of the interest to the Assignee at the rate set forth in Section 1.08 of
      the Credit Agreement, with the Assignor and the Assignee effecting any
      agreed upon sharing of interest through payments by the Assignee to the
      Assignor.

(2)   Insert "Not Applicable" in lieu of text if no portion of the Total
      Revolving Loan Commitment is being assigned. Otherwise, the Borrowers and
      the Administrative Agent shall direct the entire amount of the Commitment
      Fees to the Assignee at the rate set forth in Section 3.01(a) of the
      Credit Agreement, with the Assignor and the Assignee effecting any agreed
      upon sharing of the Commitment Fees through payment by the Assignee to the
      Assignor.

<PAGE>

                                                                         ANNEX I
                                                                         Page 2

8.  Letter of
    Credit Fees to
    the Assignee:             As set forth in Section 3.01(b) of the Credit
                              Agreement (unless otherwise agreed to by the
                              Assignor and the Assignee)(3)

9.  Notice:

             ASSIGNEE:

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

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

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

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

                  Attention:
                  Telephone:
                  Facsimile:
                  Reference:

                  ASSIGNOR:

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

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

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

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

                  Attention:
                  Telephone:
                  Facsimile:
                  Reference:

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

(3)   Insert "Not Applicable" in lieu of text if no portion of the Total
      Non-Canadian Revolving Loan Sub-Commitment is being assigned. Otherwise,
      the U.S. Borrower and the Administrative Agent shall direct the entire
      amount of the Letter of Credit Fees to the Assignee at the rate set forth
      in Section 3.01(b) of the Credit Agreement, with the Assignor and the
      Assignee effecting any agreed upon sharing of Letter of Credit Fees
      through payment by the Assignee to the Assignor.
<PAGE>

                                                                         ANNEX I
                                                                         Page 3

10.      Payment Instructions:

                  ASSIGNEE:

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

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

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

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

                  Attention:
                  Reference:

                  ASSIGNOR:

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

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

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

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

                  Attention:
                  Reference:

Accepted and Agreed:

[NAME OF ASSIGNEE]                          [NAME OF ASSIGNOR]

By                                          By
   ------------------------                   -------------------------

   ------------------------                   -------------------------
   (Print Name and Title)                     (Print Name and Title)

<PAGE>

                                                                       EXHIBIT O<PAGE>
                                                                  EXHIBIT 4.13

                  AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT

                                      among

                                    MTL INC.,
                        APOLLO INVESTMENT FUND III, L.P.,
                       APOLLO OVERSEAS PARTNERS III, L.P.,
                           APOLLO U.K. FUND III, L.P.,

                                       and

                              Certain Shareholders
                                   of MTL Inc.

                          Dated as of February 10,1998

<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
   Paragraph                                                                                           Page No.
<S>   <C>                                                                                              <C>
1.    Restrictions on Transfer: Permitted Transferees: Pledges ......................................    1
2.    Notice by Babbitt of Proposed Transfers .......................................................    2
3.    Offer to Sell Shares ..........................................................................    3
4.    Elections to Purchase Shares ..................................................................    3
5.    Procedures Upon Elections for Less than All of Shares Offered .................................    3
6.    Closing of Purchase of Shares .................................................................    4
7.    Disposition by Babbitt of Shares not Purchased by the Apollo Entities .........................    4
8.    O'Brien Sale Right ............................................................................    4
9.    Participation Rights: Bring-Along Rights ......................................................    6
10.   Representations and Warranties ................................................................    8
11.   Incidental Registration .......................................................................    8
12.   Expenses ......................................................................................   10
13.   Holdback Agreements ...........................................................................   10
14.   Indemnification and Contribution ..............................................................   10
15.   Rule 144 Reporting ............................................................................   13
16.   Preemptive Rights .............................................................................   13
17.   Certain Agreements ............................................................................   15
18.   Confidentiality................................................................................   15
19.   Financial Statements...........................................................................   15
20.   General Restrictions...........................................................................   16
21.   Legends........................................................................................   16
22.   Further Assurances.............................................................................   16
23    Notices........................................................................................   16
24    Amendment; Termination.........................................................................   17
25    General........................................................................................   17
</TABLE>

                                       i
<PAGE>

         THIS AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT, dated as of February
10,1998, is among APOLLO INVESTMENT FUND III, L.P. (the "Apollo
Representative"), APOLLO OVERSEAS PARTNERS III, L.P. and APOLLO (U.K.) PARTNERS
III, L.P., (the foregoing and their transferees and assignees, each, an "Apollo
Entity," and, collectively, the "Apollo Entities"), Charles J. O'Brien, Jr., an
individual ("O'Brien'% Marvin Sexton, an individual, Richard Brandewie, an
individual (the foregoing individuals, herein sometimes individually referred to
as a "Management Shareholder" and collectively as the "Management Shareholders")
and Elton Babbitt, an individual ("Babbitt") (the Management Shareholders and
Babbitt, herein sometimes individually referred to as a "Shareholder" and
collectively as the "Shareholders") all of the foregoing, shareholders of MTL
Inc., a Florida corporation (the "Corporation"), and the Corporation.

                WHEREAS, Sombrero Acquisition Corp., a Florida corporation
("Sombrero"), and the Corporation have entered into an Agreement and Plan of
Merger of even date herewith (as the same may be amended or supplemented, the
"Merger Agreement") providing for the merger of Sombrero with and into the
Corporation (the "Merger");

                WHEREAS, the transactions contemplated by the Merger Agreement
were consummated on lone 9,1998 (the "Merger Date"), and the Apollo Entities are
the record and beneficial owners of the number of shares of Common Shares, par
value $.41 per share, of the Corporation (the "Common Shares") as provided in
the Merger Agreement and the Management Shareholders arc the record and
beneficial owner of the Common Shares and Options (as defined in the Merger
Agreement) (the Common Shares and Options, collectively, the "MTL Securities")
as set forth on Exhibit A hereto (the "Shares"). The term "Shares" shall include
any MTL Securities now owned or hereinafter acquired by any Shareholder, any
securities that may be issued by the Corporation as a result of any Shares
dividend, Shares split or other distribution, reconstruction, reclassification,
reorganization or the like and any warrants or options to acquire MTL Securities
or securities convertible into shares of MTL Securities now owned or hereafter
acquired by any Shareholder,

                WHEREAS, the Shareholders, the Apollo Entities and the Company
wish to amend and restate the original shareholders agreement, also dated as of
February 10,1998, among such parties (the "Original Agreement") in its entirety;

                WHEREAS, the Shareholders and the Apollo Entities desire to
impose certain limited restrictions on the disposition and transfer of the
Shares, to create certain limited sale participation and bring-along rights, to
create certain registration rights and to agree with respect to certain matters
relating to the voting of the Stock;

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

1. Restrictions on Transfer, Permitted Transferees; Pledges (a) No Shareholder
shall make or suffer to be made, any transfer, sale, assignment, gift, pledge,
mortgage, or other disposition or encumbrance (all of which are comprised within
the work "transfer" as used hereinafter) of all or any portion of the Shares now
owned or hereafter acquired by such Shareholder, unless (i) the transferee of
such Shares shall be bound by and benefit from (except

<PAGE>

as otherwise provided herein) the terms and provisions of this Agreement as if
he were a Shareholder hereunder and shall enter into a joinder to this Agreement
(in the form attached hereto as Exhibit B) to such extent and (ii) the
Corporation and the Apollo Entities shall receive such assurances as they may
reasonably require to the effect that such transfer does not violate the
Securities Act of 1933, as amended (the "Act"), or applicable state securities
laws (including, without limitation, representations and warranties as to
investment intention and an opinion of counsel).

                (b) In addition to the provisions of Paragraph 1(a) above,
Babbitt shall not make, or suffer to be made any transfer of all or any portion
of the Shares now owned or hereafter acquired by Babbitt, except that each of
the following transfers by Babbitt are expressly permitted:

              (i) after thirty months from the Merger Date, by Babbitt to a bona
        fide purchaser, after Babbitt shall have first offered the Shares to the
        Apollo Entities in accordance with the procedures hereinafter set forth
        in Paragraphs 2 through 7 below; provided that in no event may such
        purchaser be a person or entity which, directly or indirectly, engages
        in the bulk transportation services business, in any related business or
        in any other business competitive with the Corporation at the time of
        sale;

     (ii) to a Permitted Transferee (as hereinafter defined);

     (iii) as expressly approved by the Apollo Entities (but subject to any
terms or conditions provided by the Apollo Entities in granting any such
approval); or

     (iv) as otherwise expressly provided herein, including pursuant to the
rights specified in Section 9 or the incidental registration rights specified in
Section 11.

         (c) For the purposes of the foregoing, a "Permitted Transferee" shall
mean:

         (i) the heirs, executor, administrator or personal representative of
Babbitt, upon the death of Babbitt;

         (ii) the spouse, sibling, parent, child or grandchild of Babbitt who is
a natural

         (iii) a trust for the exclusive benefit of Babbitt and any of the
family members listed in clause (ii) above;

         (iv) any entity in which Babbitt holds a controlling equity interest;
and

         (v) an Apollo Entity or the Corporation

         2. Notice by Babbitt of Proposed Transfers Subject to Paragraph 1(b)
above, if at any time Babbitt proposes to transfer any Shares, he shall, prior
to making any transfer of Shares, give written notice (the "Notice") to the
Apollo Representative, specifying (i) the Shares to be so transferred, (ii) the
method of transfer, (iii) the identify of the prospective transferee and

                                       2
<PAGE>

         (iv) in the case of a proposed bona fide sale, the terms of the offer
made by the prospective purchaser or to the prospective purchaser and accepted
by such prospective purchaser.

         3. Offer to Sell Shares In the case of a proposed bona fide sale, the
Notice provided in Paragraph 2 shall, except as provided in Paragraph 7 or in
the case of a proposed transfer permitted by clauses (ii) through (iv) of the
first sentence of Paragraph 1(b), constitute an irrevocable offer to sell such
Shares to the Apollo Entities on the terms and at the price specified in this
Paragraph 3 (such offer is hereinafter referred to as the "Offer to Sell"). The
Offer to Sell shall be at the price and on the other terms (including any
deferral of payment in whole or in part) offered by the prospective purchaser
specified in the Notice, except that if the proposed sale is to be wholly or
partly for consideration other than money (the term "money" being used in this
Paragraph 3 to include deferred obligations to pay money), the Offer to Sell
shall be at a price equal to the amount of the monetary consideration plus the
fair market value (as determined in good faith by the Apollo Entities within 10
days after receipt of the Notice by the Apollo Representative), at the date of
the Notice to the Corporation of the consideration other than money offered by
the prospective purchaser.

         4. Elections to Purchase Shares (a) The Apollo Representative will
promptly, and in any event within 5 days, notify the Apollo Entities of its
receipt of an Offer to Sell and the terms thereof upon receipt of such Offer to
Sell (or, if later, as soon as the determination of the fair market value of
non-monetary consideration is made pursuant to Paragraph 3). The Apollo Entities
will then have 30 days after the giving of such notice by the Apollo
Representative of the Offer to Sell (the "Exercise Period"), within which to
notify Babbitt in writing of their election to purchase all, but not less than
a11, of the Shares offered.

         (b) Within the Exercise Period, the Apollo Entities may elect to accept
the Offer to Sell as to all of the Shares offered by providing Babbitt with
written notice specifying the number of Shares of offered Shares each of the
Apollo Entities elects to purchase. Each election to purchase Shares shall be
irrevocable, regardless of whether the number of shares deliverable upon the
exercise of such election shall be reduced in accordance with the provisions of
Paragraph 4(c) below, and shall be deemed to constitute an election to purchase
such lesser number of shares as shall be determined in accordance with such
Paragraph 4(c). Except as provided in Paragraph 5 below, all elections shall be
binding on Babbitt.

         (c) If the aggregate number of Shares accepted by the Apollo Entities
exceeds the number of offered Shares, then the right to purchase the offered
Shares shall be allocated to the electing Apollo Entities pro rata (to the
extent of the Shares elected to be purchased) on the basis of their respective
Common Shares ownership on the date of the initial Offer to Sell.

         5. Procedures Upon Elections for Less than All of Shares Offered If
elections have been made by the Apollo Entities in the aggregate for all of the
Shares offered, the Apollo Entities in the aggregate for all of the Shares
offered, the Apollo Representative shall in such notice designate a place, time
and date (not more than 20 days nor less than 10 days after the expiration of
the Exercise Period) for a closing of such purchase and sale.

         Notwithstanding the provisions of Paragraph 4, in the case of a
proposed bona fide sale by Babbitt, elections to purchase made by the Apollo
Entities shall not be binding on

                                       3
<PAGE>

Babbitt if the Apollo Entities do not in the aggregate elect to purchase all of
the Shares offered. In such event, no sales pursuant to such elections need be
made by Babbitt and he may then sell the Shams to the proposed bona fide
purchaser, subject to the provisions of Paragraph 7. Notwithstanding the
foregoing, Babbitt may, by written notice to the Apollo Representative within 10
days after the Apollo Entities give notice under this Paragraph 5, waive his
right not to sell that part of the Shares for which elections have been made,
and accept and confirm all such elections so made. Upon receipt by the Apollo
Representative from Babbitt of such notice of waiver and acceptance, the Apollo
Representative shall promptly by separate notice designate a place, time and
date (not more than 20 days nor less than 10 days after receipt by the Apollo
Representative of such notice) for a closing of the purchase and sale.

                 6. Closing of Purchase of Shares At the closing designated
pursuant to Paragraph 5, Babbitt shall (i) deliver against receipt of the
purchase price therefor by cash or certified or bank cashier's check, the
certificate or certificates representing the Shares that each Apollo Entity has
elected to purchase, properly endorsed for transfer, with all necessary transfer
and documentary stamps affixed, and in a form such that upon presentation to the
Corporation the Shares represented thereby may be registered in the names of the
respective purchasers and (ii) be deemed to have represented and warranted to
such purchaser that (a) the Shares to be sold are beneficially and of record
owned by Babbitt free and clear of all liens, claims, privileges, options,
security interests, rights of first refusal, agreements, limitations or voting
rights, preemptive rights, charges or other encumbrances of any nature (except
as expressly provided by this Agreement) (an "Encumbrance") and (b) the sale and
delivery of the Shares by Babbitt as contemplated hereby shall vest in the
purchaser on such date good and marketable title to such Shares free and clear
of all Encumbrances (clauses (a) and (b), the "Sale Representations").

                 7. Disposition by Babbitt of Shares not Purchased by the Apollo
Entities Any Shares not purchased by the Apollo Entities pursuant to Paragraphs
4 through 6 may be disposed of by Babbitt to the prospective transferee named in
his notice under Paragraph 2, at a price and on terms not more favorable to the
transferee than those specified in such notice, but only within 90 days after
the expiration of the Exercise Period; provided, that a transferee shall, prior
to the transfer, execute and deliver to the Apollo Representative a written
agreement that (i) the Shares so transferred shall continue to be subject to all
the restrictions and other provisions of this Agreement, and (ii) the transferee
shall be bound by such restrictions and other provisions as if he were an
original party to this Agreement. Notwithstanding the foregoing, no such
transferee shall be entitled to the rights of Babbitt under this Agreement,
unless such transferee was a Shareholder prior to such transfer.

                 8. O'Brien Sale Right a) In the event (i) O'Brien remains
employed by the Corporation for a period of four years from the Merger Date or
(ii) O'Brien's Employment Agreement is not renewed by the Corporation in
accordance with such agreement's terms and he does not remain employed by the
Corporation for a period of four years from the Merger Date, O'Brien may within
180 days after the determination of Fair Market Value as contemplated hereby,
following such fourth anniversary, elect to cause the Corporation to purchase
such number of Common Shares (but not Options or Shares acquired after the
Merger Date or upon the exercise of any Option) owned by O'Brien on the date of
such election that will allow him to recoup his original investment in the
Common Shares in accordance with the following formula (such number of Common
Shares is herein referred to as the "Recoupment Number"):

                                       4
<PAGE>

<TABLE>
<CAPTION>
<S>                                                                              <C>
Number of
Common                                                                             Proceeds (expressed
Shares to be                                                                       in dollars) of all
sold (the    =    $1,209,560                                                     - sales of Shares or
"Recoupment                                                                        Options prior to the
Number")                                                                           date of exercise
-------------------------------------------------------------------------------------------------------
                      Fair Market Value of a Common Share
</TABLE>

Upon exercise of such election, the Corporation shall be required to purchase
from O'Brien a number of Common Shares equal to the Recoupment Number for a
purchase price equal to Fair Market Value within 60 days thereafter, unless
suspended on account of Legal Impediment, against receipt of the certificate of
certificates representing such Shares, properly endorsed for transfer, with all
necessary transfer and documentary stamps affixed, which shall be free and clear
of all liens, encumbrances and rights of third parties. In addition, O'Brien
shall be deemed to have made the Sale Representations with respect to the Common
Shares being sold by him to the purchaser of the Common Shares upon the closing
of such purchase and sale.

                (b) Notwithstanding the foregoing, Apollo may, in its sole
discretion fulfill the Corporation's obligation under this Paragraph 8 and shall
be entitled to arrange for all or a part of such Common Shares to be purchased
by a third party for cash; provided, that such transferee shall be bound by the
terms and provisions of this Agreement as if such transferee were an Apollo
Entity hereunder and shall be entitled to the rights of an Apollo Entity under
this Agreement. If such third party does not purchase all of such Common Shares,
the remainder of the purchase price shall be paid by the Corporation or the
Apollo Entities in cash at closing to the extent the cash payment by the third
party purchaser is less than the cash amount the Corporation or the Apollo
Entities would have been required to pay at closing as contemplated above.

                (c) For the purposes of the foregoing provisions:

      (i) "Fair Market Value" shall be calculated on the same basis as "Per
Share Equity" as set forth in the Option Plan.

      (ii) The term "Legal Impediment" shall include, without limiting the
generality of the following, (A) restrictions on account of applicable corporate
or creditors' rights laws or contractual commitments and covenant obligations to
lending institutions or other third parties and (B) a good faith determination
by the Board of Directors of the Corporation that sufficient funds are not
available to the Corporation to purchase the Shares. The Corporation covenants
and agree to use commercially reasonable efforts to obtain any consents or
waivers from third parties that may be necessary in order to eliminate or waive
any Legal Impediment which could otherwise prevent the Corporation from
purchasing the Shares; provided, that the Corporation shall not be required in
order to obtain any such consent or waiver to incur any third party expense or
enter into any unfavorable modification of any existing agreement. The
Corporation's obligation to acquire the Shares (if not already purchased
pursuant to the provisions of this Paragraph 8) shall resume upon the cessation
of a Legal Impediment.

                                       5
<PAGE>

(iii) "Option Plan" means the Corporation's 1998 Stock Option Plan.

                9. Participation Rights: Bring-Along Rights (a) Subject to the
further provisions of Paragraph 9(h) and Paragraph 11 below, no Apollo Entity or
group of Apollo Entities (the "Transferring Holders") shall transfer, directly
or indirectly, in a single public offering (as provided in Paragraph 11 below)
or in a transaction or series of related transactions, Shares which result in a
transfer to an unrelated party of greater than ten percent (10%) of the
aggregate value of the MTL Securities outstanding on the date of transfer (a
"10% Transfer") unless the terms and conditions of such sale shall include an
offer to the Management Shareholders to include in the transfer, at the option
of each Management Shareholder, a pro rata portion (on the basis of such
Management Shareholder's ownership on the date of the Participation Notice (as
defined below) and the total number of Shares to be transferred pursuant to the
10% Transfer) of Shares of each Management Shareholder at the same price and on
the same terms and conditions applicable to the Shares being transferred by the
Transferring Holders.

                (b) In the event that the Transferring Holders receive a bona
fide offer or offers from a third party to purchase or otherwise determines to
transfer Shares which purchase or transfer would trigger a 10% Transfer (the
"Participation Offer"), the Transferring Holders shall then cause the
Participation Offer to be reduced to writing and shall give each Management
Shareholder written notice thereof (a "Participation Notice"). Each
Participation Notice shall contain a true and correct copy of the Participation
Offer and shall identify the number of Shares with RESPECT TO which the
Transferring Holders have a bona fide offer or other agreement to sell (the
"Designated Shares"), the total number of Shares which the Transferring Holders
own beneficially, the price per share of Shares at which the sale is proposed to
be made and any other material term or condition of the Participation Offer. The
Management Shareholders shall have the right and option, within 15 days after
the Participation Notice is given to the Shareholders (the "Participation
Period") to accept the Participation Offer for the number of Shares as
determined pursuant to Paragraph 9(c) below. Each Management Shareholder who
desires to exercise such option shall provide the Transferring Holders with
written notice which shall constitute an irrevocable acceptance of the
Participation Offer by such Management Shareholder (each such Shareholder a
"Participating Shareholder").

                (c) Each Participating Shareholder shall have the right to sell
on the terms and conditions of the Participation Offer (and for like
consideration), a pro rata portion of the Shares then beneficially owned by such
other Shareholder. If the aggregate number of Shares to be offered by the
Participating Shareholder and the Transferring Holders (the "Offered Stock")
under the Participation Offer exceeds the number of Designated Shares, then the
right to SELL the Offered Stock shall be allocated among the Participating
Shareholders and the Transferring Holders pro rata, on the basis of their
respective Share ownership on the date of the Participation Notice.

                (d) The Transferring Holders shall notify the Participating
Shareholders who have elected to sell their Shares 15 days prior to the date
upon which the transfer of Shares pursuant to this Paragraph 9 shall be
consummated, which notice shall contain the date, time and location of the
closing. The Participating Shareholders shall deliver at the closing to the
Transferring Holders the certificate or certificates representing the pro rata
of their Shares (the "Other Shares") together with a power-of-attorney
authorizing the Transferring Holders to sell such

                                       6
<PAGE>

Shares pursuant to the terms of the Participation Offer. At the closing of the
transfer of the Designated Shares and the Other Shares to the third party
pursuant to the Participation Offer, the Transferring Holders shall remit to
each of the Participating Shareholders the total sales price of the Shares of
such Participating Shareholder sold or otherwise disposed of pursuant thereto.

                (e) If at the termination of the Participation Period any
Participating Shareholder shall not have accepts the offer contained in the
Participation Notice, such Participating Shareholder will be deemed to have
waived any and all of his or her rights under this Paragraph 9 with respect to
the transfer of his or her Shares to such third party. The Transferring Holders
shall have 180 days in which to sell the Designated Shares and the Other Shares,
not otherwise excluded pursuant to the previous sentence, to the third party, at
a price equal to that contained in the Participation Notice and on the terms set
forth in the Participation Notice in the same manner as set forth in Paragraph
9(b) above.

                (f) Notwithstanding any other provision contained in this
Paragraph 9, there shall not be any liability on the part of the Transferring
Holders in the event that the transfer of Shares pursuant to this Paragraph 9 is
not consummated for any reason whatsoever. The decision whether to effect a
transfer of Shares pursuant to this Paragraph 9 shall be in the sole and
absolute discretion of the Transferring Holders.

                (g) In the event that Transferring Holders, shall transfer,
directly or indirectly, in a single transaction or series of related
transactions, Shares which result in a transfer to an unrelated party of
greater, than (i) fifty percent (50%) of the aggregate value of the MTL
Securities outstanding on the date of transfer or (ii) 50% or more of the MTL
Securities held by Transferring Holders immediately following the closing of
Merger (a "50% Transfer"), then the Transferring Holders may require, by written
notice to each Shareholder (the "Bring-Along Notice") that each Shareholder
transfer a pro rata portion (on the basis of such Shareholders' Share ownership
on the date of the Bring-Along Notice and the total number of Shares to be
transferred pursuant to the 50% Transfer) of his or her Shares in the 50%
Transfer on the same terms and conditions contained in the Bring-Along Notice.
The Bring-Along Notice shall contain a true and correct copy of the teens of the
50% Transfer and shall identify the third party, the number of Shares with
respect to which the Apollo Entities have a bona fide offer, the price per share
of Shares at which the sale is proposed to be made and all other material terms
and conditions of the 50% Transfer, including the date, time and location of the
closing. The Bring Along Notice shall be delivered not less than five business
days prior to the closing of the purchase and sale contemplated by this
Paragraph 9(g). In such event, each of the Shareholders shall deliver at the
closing to the Transferring Holders the certificate or certificates representing
his Shares together with a power-of-attorney authorizing the Transferring
Holders to sell such Shareholder's pro rata portion of the Shares pursuant to
the terms of the Bring-Along Notice. At the closing of the transfer of such
Shares, the Transferring Holders shall remit to each of the Shareholders the
total sales price (net of pro rata expenses) of the Shares of such Shareholder
sold or otherwise disposed of pursuant thereto.

         (h) Notwithstanding any provision of this Agreement to the contrary,
in the event the terms on which a sale is proposed to be made under Paragraph
9(g) above (such sale, a "Bring-Along Sale") shall include a provision which
materially and adversely affects the ability of any Shareholder to compete in
any line of business or geographic area, such Shareholder shall

<
                                       7
<PAGE>

not be required to participate in the Bring-Along Sale on the terms and
conditions set forth in the Bring-Along Notice, as applicable. In the event any
Shareholder shall elect, pursuant to the preceding sentence, not to participate
in the Bring-Along Sale, the Transferring Holders shall have the right to
purchase, and such Shareholder shall be obligated to sell to the Transferring
Holders, such Shareholder's Shares which are subject to the Bring-Along Sale, at
the price (net of pro rata expenses) and on substantially the same terms (other
than any such non-compete provision), as those contained in the relevant
Bring-Along Notice, not later than two business days prior to the consummation
of the Bring-Along Sale.

                 10. Representations and Warranties (a) Each Shareholder hereby
represents and warrants to the Corporation and the Apollo Entities that (i) such
Shareholder is acquiring the Shares for investment purposes, without any present
intention of selling or distributing the Shares, (ii) such Shareholder is an
"accredited investor" (as such term is defined in Regulation D, promulgated
under the Act) and/or either atone or together with any persons the Shareholder
has retained to advise him with respect to the transactions contemplated hereby,
has knowledge and experience in financial and business matters in general, and
investments in particular, and the Shareholder is capable of evaluating the
merits and risks of acquiring the Shares, (iii) such Shareholder does not
anticipate any change in circumstances, financial or otherwise, which would
cause the sale or distribution of the Shares, (iv) such Shareholder acknowledges
that the Shares consists of "restricted securities" (as such term is defined in
Rule 144 of the Act) and that such Shareholder may not effect a distribution of
the Shares without registration under the Securities Act or pursuant to an
exemption thereunder and without compliance with any applicable state securities
laws and (v) this Agreement has been duly executed and delivered by such
Shareholder and constitutes the legal, valid and binding obligation of such
Shareholder, enforceable against such Shareholder in accordance with its terms.
Each Shareholder acknowledges that he has received from the Corporation the
opportunity to ask such questions and receive such information concerning the
Corporation and the Shares as such Shareholder has deemed necessary or
desirable.

                 (b) The Corporation represents and warrants to each Shareholder
that (i) the Corporation is duly organized, validly existing and in good
standing under the laws of Florida, and has all requisite corporate power to
carry on its business as it is now being conducted, (ii) the execution, delivery
and performance of this Agreement by the Corporation have been duly authorized
by the Corporation's Board of Directors and (iii) this Agreement has been duly
executed and delivered by the Corporation and constitutes the legal, valid and
binding obligation of the Corporation, enforceable against the Corporation in
accordance with its terms.

                 (c) The Apollo Entities hereby severally, and not jointly,
represent and warrant to each Shareholder that (i) such Apollo Entity has the
power, capacity and authority to enter into this Agreement and to perform fully
such Apollo Entity's obligations hereunder and (ii) this Agreement has been duly
executed and delivered by such Apollo Entity and constitutes the legal,

         11. Incidental Registration

                                       8
<PAGE>

                (a) If the Corporation at any time proposes to register any of
its Common Stock under the Act for sale to the public, (i) for its own account
(except with respect to a registration to be made on Forms S-4, S-8 or such
other form which is not available for registering Common Shares for sale to the
public) or (ii) for the account of the Apollo Entities, each such time it will
give at least 10 days prior written notice to all Shareholders of its intention
so to do. Upon the written request of any such Shareholder, received by the
Corporation within five days after the giving of any such notice by the
Corporation, to register any of its shares of Common Stock (which request shall
state the intended method of disposition thereof), the Corporation will use all
commercially reasonable efforts to cause the shares of Common Stock as to which
registration shall have been so requested to be included in the securities to be
covered by the registration statement proposed to be filed by the Corporation,
all to the extent requisite to permit the sale by. the Shareholder (in
accordance with its written request) of such shares of Common Stock so
registered. Alternatively, the Corporation may in its sole discretion include
such shares of Common Stock in a separate registration statement to be filed
concurrently with the registration statement for the securities to be filed by
the Corporation for its own account or for the account of the Apollo Entities.
In the event that any registration pursuant to this Paragraph 11 shall be, in
whole or in part, an underwritten public offering of shares of Common Stock, the
number of shares of Common Stock to be included in such an underwriting may be
reduced (pro rata among the requesting Shareholders based upon the number of
sharps of Common Stock owned by such Shareholders) due to underwriter market
limitations if, and to the extent, that the managing underwriter advises the
Corporation that in its opinion such inclusion would adversely affect the
marketing of the securities to be sold by the Corporation therein. In addition,
if the managing underwriter so advises, for any reason, against the inclusion of
all or any portion of shares or Common Stock owned by Shareholders in the public
offering, then the Shareholders shall only have the right to register shares of
Common Stock therein as so advised by the managing underwriter. It is
acknowledged by the parties hereto, that the rights of any selling Shareholder
to include shares of Common Stock in a registration shall be subordinate to
those of the Corporation and, subject to the foregoing provisions hereto, on a
parity with any Apollo Entity or other person (including BT Investment Partners,
Inc. and MTL Equity Investors, L.L.C. (collectively, the "Purchasers") pursuant
to that certain common stock purchase and shareholders' agreement, dated as of
June 9,1998, by and among the Corporation, the Apollo Entities and the
Purchasers (the "Purchasers Shareholders' Agreement")) selling shares of Common
Stock for its own account so that, except as may be provided pursuant to the two
immediately preceding sentences, cut backs shall be made on a pro rata basis
based on the number of shares of Common Stock held by each such person. Except
as set forth above, there shall be no limit to the number of registrations that
may be requested pursuant to this Paragraph 11.

         (b) In connection with each registration pursuant to Paragraph 11(a)
covering an underwritten public offering, each Shareholder selling Shares
pursuant thereto agrees to (i) enter into a written agreement with the managing
underwriter under the same terms and conditions as apply to the Corporation or
the selling shareholders, as applicable and (ii) furnish to the Corporation in
writing such information with respect to themselves and the proposed
distribution by them as reasonably shall be necessary and shall be requested by
the Corporation in order to comply with federal and applicable state securities
laws

                                       9
<PAGE>

                (c) If, at any time after giving notice of its intention to
register any stock pursuant to this Paragraph 11 and prior to the effective date
of the registration statement filed in connection with such registration, the
Corporation shall determine for any reason not to register such stock, the
Corporation shall give written notice to all Shareholders and, thereupon, shall
be relieved of its obligation to register any Shares. in connection with such
registration.

                (d) The Shares shall cease to be registrable pursuant to this
Paragraph 1 I on the date which is the earlier of (i) the date upon which it is
effectively registered under the Act and disposed of in accordance with any
registration statement covering it, (ii) the date upon which it may be
distributed to the public without limitation pursuant to Rule 144 (or any
similar provision then in force) promulgated under the Act and (iii) the date
four years from the Merger Date.

                12. Expenses All expenses incurred by the Corporation in
complying with Paragraph 11, including, without limitation, all registration and
filing fees, printing expenses, fees and disbursements of counsel and
independent public accountants for the Corporation, fees and expenses (including
counsel fees) incurred in connection with complying with state securities or
"blue sky" laws, fees of the National Association of Securities Dealers, Ire.,
transfer taxes, fees of transfer agents and registrars, costs of insurance and
reasonable fees and disbursements of one counsel for the sellers of Shares, but
excluding any Selling Expenses, are herein referred to as "Registration
Expenses." "Selling Expenses" as used herein mean all underwiting discounts and
selling commissions applicable to the sale of Shares.

                The Corporation will pay all Registration Expenses in connection
with each registration statement under Paragraph 11. All Selling Expenses in
connection with each registration statement under Paragraph 11 shall be borne by
the participating sellers of Shares in proportion to the number of shares sold
by each, or by such participating sellers of Shams other than the Corporation
(except to the extent the Corporation shall be a seller of Shares) as they may
agree.

                I3. Holdback Agreements Notwithstanding any other provision
hereof, with respect to each and every public offering, each Shareholder agrees
not to offer, sell or otherwise transfer any Shares (except for Shares sold (a)
in such public offering or (b) to a Permitted Transferee (it being understood
for the purposes of this clause (b) only that each Management Shareholder shall
apply the definition of "Permitted Transferee" set forth in paragraph 1(c) above
to himself as if he were Babbitt)) during the black-out period prior to the
effective date of the applicable registration statement or other offering
document as advised by counsel for the Company and during the period after such
effective date equal to (i) 180 days in the case of an initial public offering
and (ii) 90 days in the case of any other public offering or, in the case of
clause (i) or (ii), such shorter or longer period as may be applicable to
Apollo.

         14. Indemnification and Contribution (a) In the event of a registration
of any Shares under the Act pursuant to Paragraph 11, the Corporation will
indemnify and hold harmless, to the full extent permitted by law, each
Shareholder selling Shares thereunder, each underwriter of such Shares
thereunder and each other person, if any, who controls such selling Shareholder
or underwriter with the meaning of the Act or the Securities Exchange Act of
1934, as amended (the "Exchange Act"), against any losses, claims, damages,
liabilities and expenses, joint or several, to which such selling Shareholder,
underwriter or controlling person

                                       10
<PAGE>

may become subject under the Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained in any registration statement under which such Shares were registered
under the Act pursuant to Paragraph 11, any preliminary prospectus or final
prospectus contained therein, or any amendment or supplement thereof, or arise
out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, and will pay or reimburse each such selling Shareholder,
each such underwriter and each such controlling person for any legal or other
expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action; provided, however,
that the Corporation (i) will not be liable in any such case if and to the
extent that any such loss, claim, damage or liability arises out of or is based
upon an untrue statement or alleged untrue statement or omission or alleged
omission so made in conformity with information pertaining to such selling
Shareholder and furnished by any such selling Shareholder, any such underwriter
or any such controlling person, as the case may be, in writing specifically for
use in such registration statement, prospectus, amendment or supplement and (ii)
will not be liable for amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Corporation, such consent not to be unreasonably withheld or delayed.

         (b) In the event of a registration of any Common Shares under the Act
pursuant to Paragraph 11, each Shareholder selling Shares thereunder, severally
and not jointly, will indemnify and hold harmless the Corporation, each person,
if any, who controls the Corporation within the meaning of the Act, each officer
of the Corporation who signs the registration statement, each director of the
Corporation, each underwriter and each person who controls any underwriter
within the meaning of the Act, against all losses, claims, damages or
liabilities, joint or several, to which the Corporation or such officer,
director, underwriter or controlling person may become subject under the Act or
otherwise, but only insofar as such losses, claims, damages or liabilities (or
actions in respect thereof), arise out of or are based upon an untrue statement
or alleged untrue statement or omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, made in reliance upon and in conformity with information
pertaining to such selling Shareholder, as such, furnished in writing to the
Corporation by such selling Shareholder specifically for use in such
registration statement under which such Shares was registered under the Act
pursuant to Paragraph 11, any preliminary prospectus or final prospectus
contained therein, or any amendment or supplement thereof, and will pay or
reimburse the Corporation and each such offices, director, underwriter and
controlling person for any legal or other expenses reasonably incurred by them
in connection with investigating or defending any such loss, claim, damage,
liability or action; provided however, that (i) the liability of each selling
Shareholder hereunder shall be limited to the proportion of any such loss,
claim, damage, liability or expense which is equal to the proportion that the
public offering price of the Shares sold by such selling Shareholder under such
registration statement bears to the total public offering price of all
securities sold thereunder, but not in any event to exceed the net proceeds
received by such selling Shareholder from the sale of Shares covered by such
registration statements and (ii) no selling Shareholder shall be liable for
amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of such selling Shareholder,
such consent not to be unreasonably withheld or delayed.

                                       11
<PAGE>

                (c) Promptly after receipt by an indemnified party hereunder of
written notice of any claim or the commencement of any action or proceeding,
such indemnified party shall, if a claim in respect thereof is to be made
against the indemnifying party hereunder, notify the indemnifying party in
writing thereof, but the omission so to notify the indemnifying party shall not
relieve it from any liability which it may have to such indemnified party other
than under this Paragraph 14 and shall only relieve it from any liability which
it may have to such indemnified parry under this Paragraph 14 if and to the
extent the indemnifying party is materially prejudiced by such omission. In case
any such action shall be brought against any indemnified party and the
indemnified party shall notify the indemnifying party of the commencement
thereof, the indemnifying party shall be untitled to participate in and, to the
extent it shall wish, to assume and undertake the defense thereof with counsel
reasonably satisfactory to such indemnified party, and, after notice from the
indemnifying party to such indemnified party of its election so to assume and
undertake the defense thereof, the indemnifying party shall not be liable to
such indemnified party under this Paragraph 14 for any legal or other
professional expenses subsequently incurred by such indemnified party in
connection with the defense thereof other than reasonable costs of investigation
and of liaison with counsel so selected; provided, however, that if the
defendants in any such action include both the indemnified party and the
indemnifying party, and the indemnified party shall have reasonably concluded
that there may be reasonable defenses available to it which are different from
or additional to those available to the indemnifying party or if the interests
of the indemnified party reasonably may be deemed to conflict with the interests
of the indemnifying party, the indemnified party shall have the right to select
a separate counsel and to assume such legal defenses and otherwise to
participate in the defense of such action, with the reasonable fees and expenses
of such separate counsel and other expenses related to such participation to be
reimbursed by the indemnifying party as incurred. No indemnifying party, in the
defense of any such claim or litigation against an indemnified party, shall
consent to entry of any judgment or enter into any settlement which does not
include as an unconditional term thereof the giving by the claimant or plaintiff
to such indemnified party of a release from all liability in respect of such
claim or litigation, unless such indemnified party shall otherwise consent in
writing. An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim shall not be obligated to pay the fees and expenses of
more than one counsel for all parties indemnified by such indemnifying party
with respect to such claim, unless any indemnified party reasonably concludes
that there may be legal defenses available to such indemnified party with
respect to such claim which are different from or additional to those available
to any other of such indemnified parties or that a conflict of interest may
exist between such indemnified party and any other of such indemnified parties
with respect to such claim, in which event the indemnifying party shall be
obligated to pay the reasonable fees and expenses of such additional counsel or
counsels.

         (d) In order to provide for just and equitable contribution in any case
in which either (i) any Shareholder exercising registration rights under
Paragraph 11 of this Agreement, or any controlling person of any such
Shareholder, makes a claim for indemnification pursuant to this Paragraph 14 but
it is judicially determined (by the entry of a final judgment or decree by a
court of competent jurisdiction and following the expiration of time to appeal
or the denial of the last right of appeal) that such indemnification may not be
enforced in such case, notwithstanding the fact that this Paragraph 14 provides
for indemnification in such case, or (ii) contribution under the Act may be
required on the part of any such Shareholder or any such controlling person in
circumstances for which indemnification is provided under this Paragraph 14;
then, and

                                       12
<PAGE>

in each such case, the Corporation and such Shareholder shall contribute to the
aggregate losses, claims, damages or liabilities to which they may be subject
(after contribution from others) in such proportion as is appropriate to reflect
both the relative benefit received by such Shareholder and the relative fault of
the Corporation and such Shareholder; provided, however, that, in any such case,
(A) no such Shareholder will be required to contribute any amount in excess of
the public offering price of all such Shares offered by it pursuant to such
registration statement; and (B) no person or entity guilty of fraudulent
misrepresentation (within the meaning of Section 11(fj of the Act) will be
entitled to contribution from any person or entity who was not guilty of such
fraudulent misrepresentation. For purposes of the preceding sentence, the
relative benefit received by such Shareholder shall be deemed to be in the same
proportion as the public offering price of its Shares offered by the
registration statement bears to the public offering price of all securities
offered by such registration statement; and the relative fault of the
Corporation and such Shareholder shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or omission of a material fact relates to information supplied by the
Corporation or by such Shareholder and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or
omission.

                 15. Rule 144 Reporting With a view to making available the
benefits of certain rules and regulations of the Securities and Exchange
Commission (the "Commission") which may at any time permit the sale of the
Common Shares to the public without registration, at all times after any
registration statement covering a public offering of securities of the
Corporation under the Act shall have become effective, the Corporation agrees to
use all reasonable efforts to: (a) make and keep public information available,
as those terms are understood and defined in Rule 144 under the Act; (b) use all
reasonable efforts to file with the Commission in a timely manner all reports
and other documents required of the Corporation under the Act and the Exchange
Act; and (c) furnish to each Shareholder forthwith upon request a written
statement by the Corporation as to its compliance with the reporting
requirements of such Rule 144 and of the Act and the Exchange Act, a copy of the
most recent annual or quarterly report of the Corporation, and such other
reports and documents so filed by the Corporation as such Shareholder may
reasonably request in availing itself of any rule or regulation of the
Commission allowing such Shareholder to sell any Shares without registration.

         16. Preemptive Rights (a) In the event that the Corporation proposes to
issue (a "Proposed Issuance") any Common Stock or any securities containing
options or rights to acquire any Common Stock or any securities convertible into
or exchangeable for Common Stock ("New Securities") to any Apollo Entity or any
Affiliate (as defined below) thereof (collectively, "Apollo") (a "Purchasing
Party"), other than pursuant to the exceptions specified below, and the
Participation Conditions (as defined hereinafter) are met, the Corporation shall
deliver a notice, with respect to such Proposed Issuance (the "Preemptive
Notice"), to each Shareholder (excluding Babbitt, who shall have no Preemptive
Rights (as defined hereinafter) under this paragraph 16) setting forth the
identity of the Purchasing Party, the period of time within which the Preemptive
Right must be exercised (the "Acceptance Period") and the prices, terms and
conditions of the Proposed Issuance. Each Management Shareholder shall have the
right (the "Preemptive Right"), exercisable as hereinafter provided, to
participate in such issuance of New Securities ("Offered Securities") on a pro
rate at basis in accordance with the respective aggregate number of shares of
Common Stock held by such Management Shareholders on the date of such notice
from the Corporation by purchasing an amount of such

                                       13
<PAGE>

New Securities proposed to be issued to Apollo multiplied by a fraction, the
numerator of which shall be the aggregate number of shares of Common Stock owned
by such Management Shareholder on the date of such notice from the Corporation
and the denominator of which shall be the total number of shares of Common Stock
outstanding on such date, such purchase to be at the same price and on the same
terms and conditions as the Proposed Issuance. The number of shares of Common
Stock to be sold to Apollo pursuant to the Proposed Issuance shall be calculated
after first taking into account the effect of the preemptive rights granted by
the Company to the Purchasers pursuant to the Purchasers Shareholders'
Agreement. The "Participation Conditions" with respect to a Management
Shareholder shall be as follows: (i) the Management Shareholder at the time of
exercise of the Preemptive Right must be an employee of or consultant to the
Corporation pursuant to a binding written agreement and (ii) the Management
Shareholder at the time of exercise of the Preemptive Right continues to hold
shares of Common Stock. An "Affiliate," for the purposes of this Agreement,
shall mean, as to any person, any other person that directly or indirectly,
through one or more intermediaries, controls, is controlled by or is under
common control with, such person.

                (b) Anything to the contrary notwithstanding, the Preemptive
Rights provided for herein shall not be applicable to: (i) any Proposed Issuance
of New Securities, in an amount (assuming exercise of all options, warrants and
rights and conversion and exchange of all convertible and exchangeable
securities included in the New Securities) not to exceed twenty (20%) percent of
the fully diluted Common Stock of the Corporation outstanding on the date of
this Agreement; provided, however. that each Management Shareholder may, at its
option, elect, to the extent Apollo is a Purchasing Party and the Management
Shareholders are not offered the opportunity to exercise their Preemptive Rights
pursuant to this clause (i), to purchase from Apollo at the same purchase price
per share paid by Apollo for the New Securities such number of New Securities
such Management Shareholder would have been entitled to purchase in the event
such Management Shareholder had exercised its Preemptive Right with respect to
such Proposal Issuance (each Management Shareholder must exercise its right
under this clause (i) within fifteen business days of receiving written notice
of the consummation of such Proposed Issuance and the closing of the purchase
and sale between such Management Shareholder and Apollo shall take place as they
may reasonably agree), (ii) any Proposed Issuance of Common Stock to Apollo, in
an amount equal to (A) the number of shares of Common Stock previously sold or
otherwise transferred by Apollo to employees or members of management of the
Corporation less (B) the number of shares of Common Stock previously purchased
by Apollo pursuant to the provision of this clause (ii) and (iii) any stock
split or Proposed Issuance of New Securities as a dividend.

         (c) The Preemptive Rights shall be exercisable by delivery of notice
(the "Purchaser Notice") to the Corporation given within the Acceptance Period
set forth in the Preemptive Notice. If a Management Shareholder shall fail to
respond to the Corporation within the Acceptance Period, such failure shall be
regarded as a rejection of such Management Shareholder's right to exercise such
Stockholder's Preemptive Right. The closing of any purchase by the Management
Shareholders under this Paragraph 16 shall be held at such other time and place
upon which the parties to the transaction may agree. At such closing, the
Management Shareholders participating in the purchase shall deliver by certified
bank check, payment in full for such New Securities and all parties to the
transaction shall execute such additional documents as are otherwise deemed
necessary or appropriate by the Corporation. At

                                       14
<PAGE>

such closing, the Corporation may issue and sell to a Purchasing Party such
portion of the Offered Securities as have not been purchased by the Management
Shareholders pursuant to the exercise of their Preemptive Rights at the same
price and on the same terms and conditions as the Offered Securities sold to
Management Shareholders. Unless otherwise determined by the Apollo Entities, the
Purchasing Party shall be bound by the terms and conditions of this Agreement as
though it were a Shareholder hereunder.

                 (d) In the event of a Proposed Issuance of New Securities,
which Proposed Issuance is subject to the Preemptive Rights under this Paragraph
and which is offered only in combination with the purchase of debt or debt
securities, then the Preemptive Rights shall apply to the combination and a
Management Shareholder exercising his Preemptive Right shall be entitled and
required to purchase his pro rata share of both the debt and equity components
of such combination on the basis set forth in Paragraph 16(a).

         17. Certain Agreements (a) Each party agrees as of the date hereof that
each of the following persons shall be a director of the Corporation: Elton
Babbitt, Richard J. Brandewie, Marvin Sexton, Charles J. O'Brien, Jr. and such
number of persons designated by Apollo Entities.

                 (b) The Corporation agrees that any transactions between itself
and any Affiliate (including an Apollo Entity) shall be on an arm's-length basis
as determined in good faith by the board of directors of the Corporation in
their reasonable business judgment. The parties agree and acknowledge that the
Corporation will pay the management fees to Apollo, as set forth in the
Management Agreement between Apollo Management, L.P. and the Corporation, dated
as of the date hereof. The parties further agree that Apollo shall be entitled
to a transaction fee of up to one point (1% of value) per transaction as
determined in the sole discretion of Apollo. Except as set forth herein, no
other fees shall be payable to Apollo, except as approved by a majority of the
disinterested directors of the Corporation.

                 (c) The Corporation agrees to use commercially reasonable
efforts to cause the covenants in its debt agreements to allow the exercise of
the O'Brien sale right contained in Paragraph 8.

         18. Confidentiality During the term of this Agreement and at all times
thereafter, each Shareholder agrees that, except to the extent required in the
course of his employment, he will not divulge to anyone (other than the
Corporation or any persons employed or designated by the Corporation) any
confidential knowledge or information relating to the business of the
Corporation or any of its subsidiaries or affiliates, including, without
limitation, all types of trade secrets (unless readily ascertainable from public
or published information or trade sources), secrets (unless readily
ascertainable from public or published information or trade sources), product
design and customer and supplier information. Each Shareholder further agrees
not to disclose, publish or make use of any such knowledge or information for
personal purposes or for the benefit of any persons, firm, corporation or other
entity (other than the Corporation or any persons employed or designated by the
Corporation) without the prior written consent of the Corporation.

         19. Financial Statements. The Corporation will provide each Shareholder
with copies of its quarterly (unaudited) and annual audited financial statements
promptly upon

                                       15
<PAGE>

completion of such financial statements during any period in which a Shareholder
remains a shareholder, but is not an officer of or consultant to the
Corporation.

                20. General Restriction Each Shareholder understands and agrees
that (a) the MIL Securities received pursuant to the Merger Agreement have not
been registered under the Securities Act and are restricted securities; (b) it
will not, directly or indirectly, sell, assign, transfer, grant a participation
in, pledge or otherwise dispose of any MTL Securities (or solicit any offers to
buy or otherwise acquire, or take a pledge of any MTL Securities) except in
compliance with the Securities Act and the terms and conditions of this
Agreement; and (c) any attempt to transfer any MTL Securities not in compliance
with this Agreement shall be null and void and the Corporation shall not, and
shall cause any transfer agent not to, give any effect in the Corporation's
records to such attempted transfer.

                21. Legends (a) In addition to any other legend that may be
required, each certificate for shares of MTL Securities that is issued to any
Shareholder shall bear a legend in substantially the following form:

         "THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
         1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED
         OR SOLD EXCEPT IN COMPLIANCE THEREWITH. THIS SECURITY IS ALSO SUBJECT
         TO ADDITIONAL RESTRICTIONS ON TRANSFER AS SET FORTH IN THE AMENDED AND
         RESTATED SHAREHOLDERS' AGREEMENT DATED AS OF FEBRUARY 10, 1998, COPIES
         OF WHICH MAY BE OBTAINED UPON REQUEST FROM MTL INC. OR ANY SUCCESSOR
         THERETO."

                (b) If any MTL Securities shall become registered under the
Securities Act, the Corporation shall, upon the written request of the holder
thereof, issue to such holder a new certificate evidencing such shares without
the first sentence of the legend required by Paragraph 21(a) endorsed thereon.
If any MTL Securities cease to be subject to any and all restrictions on
transfer set forth in this Agreement, the Corporation shall, upon the written
request of the holder thereof, issue to such holder a new certificate evidencing
such MTL Security without the second sentence of the legend required by
Paragraph 21(a) endorsed thereon.

         22. Further Assurances The parties hereto agree to execute and deliver
all such further instruments as may be necessary from time to time to carry out
the provisions of this Agreement.

         23. Notices. All offers, acceptance, notices, certificates and other
communications provided for in this Agreement shall be in writing and (except as
otherwise provided in this Agreement) shall be deemed to have been given when
(a) sent by facsimile transmission, (b) sent by a nationally known overnight
delivery service, (c) delivered by hand or (d) mailed by first-class registered
or certified mail in a post-paid envelope, in each case addressed to the
respective persons to be notified as follows: in the case of the Apollo
Representative, c/o Apollo Management, L.P., 1301 Avenue of the Americas, 38th
Floor, New York, NY 10019; Attention: Joshua J. Harris/Michael Weiner, Esq. with
a copy to, Morton A. Pierce, Esq./Douglas L. Getter,

                                       16
<PAGE>

Esq., Dewey Ballantine LLP, 1301 Avenue of the Americas, New York, New York
10019; in the case of the Shareholders, at their respective addresses appearing
on the signature pages of this Agreement or at such other address as the party
to be notified shall from time to time have furnished to the other parties in
writing.

         24. Amendment: Termination No provision of this Agreement may be waived
except by an instrument in writing executed by the party against whom the waiver
is to be effective. This Agreement may be amended only by an instrument executed
by the parties hereto holding 80% of all of the Common Shares held by the
parties hereto on a fully diluted basis or by their successors and assigns;
provided, however, that in the event any amendment materially and adversely
affects any party to this Agreement, this Agreement may not be amended without
such party's approval. Except with respect to Paragraphs 9 through 15, Paragraph
18 and Paragraphs 21 through 25, this Agreement shall terminate automatically
upon the earlier of (i) the tenth anniversary of the date hereof and (ii) at
such time as the Corporation shall be a Public Corporation (as defined below).
For the purposes of the foregoing provision, the term "Public Corporation" means
a corporation with one or more classes of equity securities listed on a national
securities exchange or publicly traded in the over-the-counter market.

         25. General (a) This Agreement (i) shall be construed and enforced in
accordance with the laws of the State of New York, (ii) except as set forth in
Paragraph 25(c) below, constitutes the entire agreement, and supersedes any and
all prior agreements and understandings between the parties in respect to the
subject matter hereof, including, without limitation, the Original Agreement,
(iii) shall bind and inure to the benefit of the parties hereto and their
respective heirs, executors, administrators, personal representatives,
successors and assigns and (iv) may be executed in two or more counterparts each
of which shall be deemed an original but all of which together shall constitute
one and the same instrument. The parties hereto hereby consent and agree that
they shall commence any action with respect to any claims or disputes between
the parties hereto pertaining to this Agreement or to any matter arising out of
or related to this Agreement in the United States District Court for the
Southern District of New York, so long as the action falls within the subject
matter jurisdiction of such court; in the event any such action shall be
determined by the court to be outside its subject matter jurisdiction, then the
parties agree to commence any such action in the Supreme Court of New York
County, New York and to take such action as may be necessary to effect
assignment of such action to the Commercial Part of that court. The parties
hereto expressly submit and consent in advance to such jurisdiction in any
action or suit commenced in any such court, and hereby waive any objection which
it may have based upon lack of personal jurisdiction, improper venue or forum
non conveniens and hereby consent to the granting for such legal or equitable
relief as is deemed appropriate by such court. Each party hereto irrevocably
consents to the service of process by registered or certified mail, postage
prepaid, to it at its address given in accordance herewith.

         (b) The parties hereto acknowledge that irreparable damage would result
if this Agreement is not specifically enforced and that, therefore, the rights
and obligations of the parties under this Agreement may be enforced by a decree
of specific performance issued by a court of competent jurisdiction, and
appropriate injunctive relief may be applies for and granted in connection
therewith. Such remedies shall, however, be cumulative and not exclusive and
shall be in addition to any other remedies which any party may have under this
Agreement or otherwise. This Agreement may be executed simultaneously in two or
more counterparts, each

                                       17
<PAGE>

of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

                 (c) The restrictions with respect to Shares set forth herein
shall be in addition to and shall is no way limit any other restrictions on the
Shares set forth in any other agreement, if any.

                 (d) The section and other headings contained in this Agreement
are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

                 (e) To the extent that any provision of this Agreement shall be
invalid or unenforceable, it shall be considered deleted herefrom and the
remainder of such provision and of this Agreement shall be unaffected and shall
continue in full force and effect. In furtherance and not in limitation of the
foregoing, if any provision, term, covenant or restriction of this Agreement is
held by a court of competent jurisdiction or other authority to be invalid,
void, unenforceable or against its regulatory policy, then such provision, term,
covenant or restriction shall be construed to cover only that duration, extent
or activities which may be validly and enforceably covered and the remainder of
the provisions, terms covenants and restrictions contained herein shall remain
in full force and effect and shall in no way be affected, impaired or
invalidated.

                  (f) This agreement shall be deemed to be effective as of the
Merger Date.

                                       18
<PAGE>

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

                                          MTL INC.

                                          By:  /s/ ???
                                              ----------------------------
                                              Name:
                                              Title:

                                          APOLLO INVESTMENT FUND III, L.P.

                                          By: Apollo Advisors II, L.P.,
                                              Its General Partner

                                          By: Apollo Capital Management II, Ins.
                                              Its General Partner

                                          By: /s/ JOSHUA J. HARRIS
                                          ---------------------
                                             Name: Joshua J. Harris
                                             Title: Vice President

                                          APOLLO OVERSEAS PARTNERS III, L.P.

                                          By: Apollo Advisors II, L.P.,
                                                   Its General Partner

                                          By: Apollo Capital Management II, Ins.
                                                   Its General Partner

                                          By: /s/ JOSHUA J. HARRIS
                                              ---------------------
                                              Name: Joshua J. Harris
                                              Title: Vice President

<PAGE>

                                          APOLLO UK FUND III, L.P.

                                          By: Apollo Advisors II, L.P.,
                                                Its General Partner

                                          By: Apollo Capital Management II, Inc.
                                               Its General Partner

                                          By:  /s/ Joshua J. Harris
                                              ----------------------
                                              Name: Joshua J. Harris
                                              Title: Vice President

<PAGE>
                                          SHAREHOLDERS:

                                          /s/ Elton E. Babbitt
                                          -------------------------------

                                          -------------------------------
                                          Richard J. Brandewie

                                          /s/ Marvin E. Sexton, Jr.
                                          -------------------------------
                                          Marvin Sexton

                                          -------------------------------
                                          Charles J. O'Brien, Jr.
<PAGE>

                                          SHAREHOLDERS:

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

                                          /s/ Richard J. Brandewie
                                          -------------------------------
                                          Richard J. Brandewie

                                          -------------------------------
                                          Marvin Sexton

                                          /s/ Charles J. O'Brien, Jr.
                                          -------------------------------
                                          Charles J. O'Brien, Jr.

<PAGE>

                                                                       EXHIBIT A
<TABLE>
<CAPTION>

                                       # of Shares
Shareholder                          of Common Shares
-----------                          ----------------
<S>                                  <C>
Elton Babbitt                             66,892

Charles J. O'Brien, Jr.                   30,239

Marvin Sexton                             35,135

Richard Brandewie                         40,541
</TABLE>

<PAGE>

                                                                       EXHIBIT B

                                   JOINDER IN
                            SHAREHOLDERS' AGREEMENT

         In consideration of the transfer to (him) (her) of ____shares of Common
Stock, par value $.O1 per share, of MTL Inc. (the "Corporation") and the
registration of such transfers on the books of Corporation, _______("Additional
Shareholder"), and the Corporation agree that, as of the date written below,
Additional Shareholder shall become a party as a Shareholder to MTL Inc.
Shareholders' Agreement dated as of February __, 1998 (the "Shareholders'
Agreement"), and shall be bound by all of the terms and provisions of the
Shareholders' Agreement, as though he was an original party thereto and was
included in the definition of "Shareholder" as used therein.

            Executed as of the ________ day of _____________, ____.

                                          [            ]

                                          By:

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

                                          -------------------
                                           Shareholder

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