Document:

<PAGE>

                                                                    EXHIBIT 4(b)

================================================================================
                                 (Face of Note)

                    8-7/8% Senior Subordinated Note due 2012

                                                            CUSIP  _____________
No. _____                                                         $_____________

                             GREIF BROS. CORPORATION

promises to pay to _____________ or registered assigns, the principal sum of
_____________________ Dollars________________ on August 1, 2012.

Interest Payment Dates:  February 1 and August 1, commencing February 1, 2003

Record Dates:  January 15 and July 15.

<PAGE>

     IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually
or by facsimile by its duly authorized officers.

                                         GREIF BROS. CORPORATION

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

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

                          CERTIFICATE OF AUTHENTICATION

This is one of the Global
Notes referred to in the
within-mentioned Indenture.

J.P. MORGAN TRUST COMPANY
NATIONAL ASSOCIATION,
as Trustee

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

Dated ____________, 2002

<PAGE>

                                 (Back of Note)

                    8-7/8% Senior Subordinated Note due 2012

     THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 2.06 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE
EXCHANGED PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE
MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE
INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY
WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

     UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN
DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY
SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"),
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER
NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

     Capitalized terms used herein shall have the meanings assigned to them in
the Indenture referred to below unless otherwise indicated.

     1.   Interest. Greif Bros. Corporation., a Delaware corporation (the
"Issuer"), promises to pay interest on the principal amount of this Note at
8.875% per annum until maturity and shall pay Special Interest, if any, as
provided in Section 4 of the Registration Rights Agreement. The Issuer shall pay
interest semi-annually on February 1 and August 1 of each year, or if any such
day is not a Business Day, on the next succeeding Business Day (each an
"Interest Payment Date"). Interest on the Notes shall accrue from the most
recent date to which interest has been paid or, if no interest has been paid,
from the date of issuance; provided, however, that if there is no existing
Default in the payment of interest, and if this Note is authenticated between a
record date referred to on the face hereof and the next succeeding Interest
Payment Date, interest shall accrue from such next succeeding Interest Payment
Date; provided, further, that the first Interest Payment Date shall be February
1, 2003. The Issuer shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any,
from time to time on demand at a rate that is 1% per annum in excess of the rate
then in effect; it shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at
the same rate to the extent lawful. Interest shall be computed on the basis of a
360-day year of twelve 30-day months.

     2.   Method of Payment. The Issuer shall pay interest on the Notes to the
Persons who are Holders at the close of business on the January 15 or July 15
next preceding the Interest Payment Date, even if such Notes are cancelled after
such record date and on or before such Interest Payment Date, except as provided
in Section 2.13 of the Indenture with respect to defaulted interest. The Notes
shall be payable as to principal, premium, if any, and interest and Special
Interest, if any, at the office or agency of the Issuer maintained for such
purpose within or without the City and State of New York, or, at the option of
the Issuer, payment of interest may be made by check mailed to the Holders at
their addresses set forth in the Security Register; provided, however, that
payment by wire transfer of immediately available funds shall be required with
respect to principal of, and interest and Special Interest, if any, and premium,
if any, on, all Global Notes and all other Notes the Holders of which shall have
provided wire transfer instructions to the Issuer or the Paying Agent. Such
payment shall be in such coin or

<PAGE>

currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. The principal of the Notes shall
be payable only upon surrender of any Note at the Corporate Trust Office of the
Trustee or at the specified offices of any other Paying Agent. If any Interest
Payment Date for, or the due date for payment of the principal of, the Notes is
not a Business Day at the place in which it is presented for payment, the Holder
thereof shall not be entitled to payment of the amount due until the next
succeeding Business Day at such place and shall not be entitled to any further
interest or other payment in respect of such delay.

     3.   Paying Agent and Registrar. Initially, J.P. Morgan Trust Company,
National Association, the Trustee under the Indenture, shall act as Paying Agent
and Registrar. The Issuer may change any Paying Agent or Registrar without
notice to any Holder. The Issuer or any of its Subsidiaries may act in any such
capacity.

     4.   Indenture. The Issuer issued the Notes under an Indenture dated as of
July 31, 2002 ("Indenture") among the Issuer, the guarantors party thereto (the
"Subsidiary Guarantors") and the Trustee. The terms of the Notes include those
stated in the Indenture and those made part of the Indenture by reference to the
Trust Indenture Act of 1939, as amended (15 U.S. Code ss.ss. 77aaa-77bbbb). The
Notes are subject to all such terms, and Holders are referred to the Indenture
and such Act for a statement of such terms. To the extent any provision of this
Note conflicts with the express provisions of the Indenture, the provisions of
the Indenture shall govern and be controlling.

     5.   Optional Redemption.

     (a) Except as set forth in clauses (b) and (c) of this Section 5, the Notes
shall not be redeemable at the option of the Issuer prior to August 1, 2007.
Starting on that date, the Issuer may redeem all or any portion of the Notes, at
once or over time, after giving the required notice under the Indenture. The
Notes may be redeemed at the redemption prices set forth below, plus accrued and
unpaid interest, including Special Interest, if any, to the redemption date
(subject to the right of Holders on the relevant record date to receive interest
due on the relevant Interest Payment Date). The following prices are for Notes
redeemed during the 12-month period commencing on August 1 of the years set
forth below, and are expressed as percentages of principal amount:

                                                                Redemption
                                                                -----------
Year                                                               Price
----                                                               -----
2007 ..........................................................    104.438%
2008 ..........................................................    102.958%
2009 ..........................................................    101.479%
2010 and thereafter ...........................................    100.000%

     (b) At any time prior to August 1, 2007, the Issuer may redeem all or any
portion of the Notes, at once or over time, after giving the required notice
under the Indenture at a redemption price equal to the greater of:

               (i)  100% of the principal amount of the Notes to be redeemed,
          and

               (ii) the sum of the present values of (1) the redemption price of
          the Notes at August 1, 2007 (as set forth in clause (a) of this
          Section 5) and (2) the remaining scheduled payments of interest from
          the redemption date to August 1, 2007, but excluding accrued and
          unpaid interest to the redemption date, discounted to the redemption
          date on a semi-annual basis (assuming a 360-day year consisting of
          twelve 30-day months) at the Treasury Rate plus 50 basis points,

plus, in either case, accrued and unpaid interest, including Special Interest,
if any, to the redemption date (subject to the right of Holders on the relevant
record date to receive interest due on the relevant Interest Payment Date).

     Any notice to Holders of a redemption pursuant to this clause (b) shall
include the appropriate calculation of the redemption price, but need not
include the redemption price itself. The actual redemption price, calculated as
described in this clause (b), shall be set forth in an Officer's Certificate
delivered to the Trustee no later than two Business Days prior to the redemption
date (unless clause (2) of the definition of "Comparable Treasury Price" is

<PAGE>

applicable, in which case such Officer's Certificate will be delivered on the
redemption date).

     (c) At any time and from time to time prior to August 1, 2005, the Issuer
may redeem up to a maximum of 35% of the aggregate principal amount of the Notes
(including any Additional Notes) that have been issued under the Indenture on or
after the Issue Date with the proceeds of one or more Equity Offerings, at a
redemption price equal to 108.875% of the principal amount thereof, plus accrued
and unpaid interest, including Special Interest, if any, to the redemption date
(subject to the right of Holders on the relevant record date to receive interest
due on the relevant Interest Payment Date); provided, however, that after giving
effect to any such redemption, at least 65% of the aggregate principal amount of
the Notes (including any Additional Notes) that have been issued under the
Indenture on or after the Issue Date remains outstanding. Any such redemption
shall be made within 90 days of such Equity Offering upon not less than 30 nor
more than 60 days' prior notice.

     (d) Any prepayment pursuant to this Section 5 shall be made pursuant to the
provisions of Sections 3.01 through 3.06 of the Indenture.

     6.   Mandatory Redemption. The Issuer shall not be required to make
mandatory redemption or sinking fund payments with respect to the Notes.

     7.   Notice of Redemption. Notice of redemption shall be mailed at least 30
days but not more than 60 days before the redemption date to each Holder whose
Notes are to be redeemed at its registered address. Notes in denominations
larger than $1,000 may be redeemed in part but only in whole multiples of
$1,000, unless all of the Notes held by a Holder are to be redeemed. On and
after the redemption date interest ceases to accrue on Notes or portions thereof
called for redemption.

     8.   Denominations, Transfer, Exchange. The Notes are in registered form
without coupons in denominations of $1,000 and integral multiples of $1,000. The
transfer of Notes may be registered and Notes may be exchanged as provided in
the Indenture. The Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and the
Issuer may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Issuer need not exchange or register the
transfer of any Note or portion of a Note selected for redemption, except for
the unredeemed portion of any Note being redeemed in part. Also, the Issuer need
not exchange or register the transfer of any Notes for a period of 15 days
before a selection of Notes to be redeemed or during the period between a record
date and the corresponding Interest Payment Date.

     9.   Persons Deemed Owners. The registered holder of a Note may be treated
as its owner for all purposes.

     10.  Amendment, Supplement and Waiver. Subject to certain exceptions, the
Indenture or the Notes may be amended or supplemented with the consent of the
Holders of at least a majority in aggregate principal amount of the then
outstanding Notes voting as a single class, and any existing default or
compliance with any provision of the Indenture or the Notes may be waived with
the consent of the Holders of at least a majority in aggregate principal amount
of the then outstanding Notes voting as a single class. Without the consent of
any Holder, the Indenture or the Notes may be amended or supplemented to: cure
any ambiguity, omission, defect or inconsistency; provide for the assumption by
a Surviving Person of the obligations of the Issuer under the Indenture or of a
Subsidiary Guarantor under the Indenture or its Subsidiary Guaranty; provide for
uncertificated Notes in addition to or in place of certificated Notes (provided
that the uncertificated Notes are issued in registered form for purposes of
Section 163(f) of the Code, or in a manner such that the uncertificated Notes
are described in Section 163(f)(2)(B) of the Code); add additional Guarantees
with respect to the Notes or to release Subsidiary Guarantors from Subsidiary
Guaranties as provided by the terms of the Indenture; secure the Notes, add to
the covenants of the Issuer for the benefit of the Holders of the Notes or
surrender any right or power conferred upon the Issuer; make any change that
does not adversely affect in any material respect the rights of any Holder of
the Notes under the Indenture; make any change to the subordination provisions
of the Indenture that would limit or terminate the benefits available to any
holder of Senior Debt under such provisions (subject to the consent of such
holders of Senior Debt pursuant to Section 9.03 of the Indenture); comply with
any requirement of the Commission in connection with the qualification of the
Indenture under the TIA; or provide for the issuance of additional Notes in
accordance with the Indenture. No amendment or supplement may be made to the
subordination provisions of this

<PAGE>

Indenture that adversely affects the rights of any holder of Senior Debt then
outstanding unless the holders of such Senior Debt (or their Representative)
consents to such change.

     11.  Defaults and Remedies. Each of the following is an Event of Default
under the Indenture: (1) failure to make the payment of any interest, or Special
Interest, if any, on the Notes issued under the Indenture when the same becomes
due and payable, and such failure continues for a period of 30 days; (2) failure
to make the payment of any principal of, or premium, if any, on, any of the
Notes issued under the Indenture when the same becomes due and payable at their
Stated Maturity, upon acceleration, redemption, required repurchase or
otherwise; (3) failure to comply with Section 5.01 of the Indenture; (4) failure
to comply with any other covenant or agreement in the Notes or in the Indenture
(other than a failure that is the subject of the foregoing clause (1), (2) or
(3)), and such failure continues for 30 days after written notice is given to
the Issuer as provided in Section 6.01(b) of the Indenture; (5) a default under
any Debt by the Issuer or any Restricted Subsidiary that results in acceleration
of the maturity of such Debt, or failure to pay any such Debt at maturity, in an
aggregate amount greater than $20.0 million or its foreign currency equivalent
at the time; (6) any judgment or judgments for the payment of money in an
aggregate amount in excess of $20.0 million (or its foreign currency equivalent
at the time) (net of applicable insurance coverage) that shall be rendered
against the Issuer or any Restricted Subsidiary by a court of competent
jurisdiction and that judgment shall not be vacated, waived, satisfied or
discharged for any period of 60 consecutive days during which a stay of
enforcement shall not be in effect; (7) certain events involving bankruptcy,
insolvency or reorganization of the Issuer or any Restricted Subsidiary that is
a Significant Subsidiary; and (8) any Subsidiary Guaranty of one or more
Restricted Subsidiaries that are Subsidiary Guarantors which by themselves or
taken together would constitute a Significant Subsidiary ceases to be in full
force and effect (other than in accordance with the terms of such Subsidiary
Guaranty or the Indenture), or any Subsidiary Guarantor denies or disaffirms its
obligations under its Subsidiary Guaranty relating to the Notes. A Default under
clause (4) is not an Event of Default in respect of the Notes until the Trustee
or the Holders of not less than 25% in aggregate principal amount of Notes then
outstanding notify the Issuer of the Default, and the Issuer does not cure such
Default within the time specified after receipt of such notice. If any Event of
Default (other than under clause (7)) occurs and is continuing, the Trustee or
the Holders of not less than 25% in aggregate principal amount of the Notes then
outstanding may declare all the Notes to be due and payable. In the case of an
Event of Default under clause (7), all outstanding Notes shall become due and
payable immediately without any declaration or other act on the part of the
Trustee or the Holders. Holders may not enforce the Indenture or the Notes
except as provided in the Indenture. In the event of a declaration of
acceleration of the Notes because an Event of Default has occurred and is
continuing as a result of the acceleration of any Debt described in clause (5),
the declaration of acceleration of the Notes shall be automatically annulled if
the holders of any Debt described in clause (5) have rescinded the declaration
of acceleration in respect of such Debt within 30 days of the date of such
declaration and if (i) the annulment of the acceleration of the Notes would not
conflict with any judgment or decree of a court of competent jurisdiction, and
(ii) all existing Events of Default, except nonpayment of principal or interest
on the Notes that became due solely because of the acceleration of the Notes,
have been cured or waived. Subject to certain limitations, Holders of a majority
in aggregate principal amount of the Notes then outstanding may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from
Holders notice of any continuing Default or Event of Default (except a Default
or Event of Default relating to the payment of principal, premium, if any, or
interest, including Special Interest, if any) if a committee of Responsible
Officers of the Trustee determines that withholding the notice is in the
interest of the Holders. Holders of not less than a majority in aggregate
principal amount of the then outstanding Notes by notice to the Trustee may on
behalf of the Holders of all of the Notes waive any existing Default or Event of
Default and its consequences under the Indenture, except a continuing Default or
Event of Default in the payment of interest or Special Interest on, or the
principal of, the Notes. The Issuer is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Issuer is
required upon becoming aware of any Default or Event of Default, to deliver to
the Trustee a statement specifying such Default or Event of Default.

     12.  Trustee Dealings with Issuer. The Trustee in its individual or any
other capacity may become the owner or pledgee of Notes and may otherwise deal
with the Issuer or any Affiliate of the Issuer with the same rights it would
have if it were not Trustee.

     13.  No Recourse Against Others. No past, present or future director,
officer, employee, incorporator, member, partner or stockholder of the Issuer or
any Subsidiary Guarantor as such, shall have any liability for any Obligations
of the Issuer or any Subsidiary Guarantor under the Notes, the Indenture or for
any claim based on, in

<PAGE>

respect of, or by reason of, such Obligations or their creation. Each Holder by
accepting a Note waives and releases all such liability. The waiver and release
are part of the consideration for issuance of the Notes.

     14.  Authentication. This Note shall not be valid until authenticated by
the manual signature of the Trustee or an authenticating agent.

     15.  Abbreviations. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of
survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A
(= Uniform Gifts to Minors Act).

     16.  CUSIP Numbers. Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Issuer has caused
CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers
in notices of redemption as a convenience to Holders. No representation is made
as to the accuracy of such numbers either as printed on the Notes or as
contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

     The Issuer shall furnish to any Holder upon written request and without
charge a copy of the Indenture. Requests may be made to:

               Greif Bros. Corporation
               425 Winter Road
               Delaware, Ohio  43015
               Attention: General Counsel
               Telecopier No:  740-549-6101

<PAGE>

                                 Assignment Form

To assign this Note, fill in the form below: (I) or (we) assign and transfer
this Note to

--------------------------------------------------------------------------------
                  (Insert assignee's soc. sec. or tax I.D. no.)

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

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

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

--------------------------------------------------------------------------------
              (Print or type assignee's name, address and zip code)
and irrevocably appoint
                       ---------------------------------------------------------
to transfer this Note on the books of the Issuer. The agent may substitute
another to act for him.

--------------------------------------------------------------------------------
Date:
      --------------
                                Your Signature:
                                               ---------------------------------
                                (Sign exactly as your name appears on the face
                                of this Note)
                                Signature Guarantee:
                                                    ----------------------------

<PAGE>

                       Option of Holder to Elect Purchase

     If you want to elect to have this Note purchased by the Issuer pursuant to
Section 4.13 or 4.17 of the Indenture, check the box below:

[_]  Section 4.13                         [_]  Section 4.17

     If you want to elect to have only part of the Note purchased by the Issuer
pursuant to Section 4.13 or Section 4.17 of the Indenture, state the amount you
elect to have purchased: $___________

Date:                        Your Signature:
     ---------------                        ------------------------------------
                             (Sign exactly as your name appears on the Note)

                             Soc. Sec. or Tax Identification No.:
                                                                 ---------------

SignatureGuarantee:
                   ----------------------------------------------------
                            (Signature must be guaranteed by a financial
                            institution that is a member of the Securities
                            Transfer Agent Medallion Program ("STAMP"), the
                            Stock Exchange Medallion Program ("SEMP"), the New
                            York Stock Exchange, Inc. Medallion Signature
                            Program ("MSP") or such other signature guarantee
                            program as may be determined by the Registrar in
                            addition to, or in substitution for, STAMP, SEMP or
                            MSP, all in accordance with the Securities Exchange
                            Act of 1934, as amended.)

<PAGE>

              SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

     The following exchanges of an interest in this Global Note for an interest
in another Global Note or for a Definitive Note, or exchanges of an interest in
another Global Note or Definitive Note for an interest in this Global Note, have
been made:

<TABLE>
<S>                <C>                    <C>                    <C>                    <C>
                                                                  Principal Amount
                        Amount of                                of this Global Note        Signature of
                       decrease in         Amount of increase      following such       authorized signatory
                    Principal Amount      in Principal Amount       decrease (or           of Trustee or
Date of Exchange   of this Global Note    of this Global Note         increase)           Note Custodian
----------------   -------------------    -------------------         ---------           --------------
</TABLE><PAGE>

                                                                    EXHIBIT 4(c)

                                                               EXECUTION VERSION

                             GREIF BROS. CORPORATION

                                  $250,000,000
                     8? % Senior Subordinated Notes Due 2012

                          REGISTRATION RIGHTS AGREEMENT

                                                              New York, New York
                                                                   July 31, 2002

Salomon Smith Barney Inc.
Deutsche Bank Securities Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
McDonald Investments Inc.
SunTrust Capital Markets, Inc.
NatCity Investments, Inc.
ING Financial Markets LLC
U.S. Bancorp Piper Jaffray Inc.
Huntington Capital Corp.
As Representatives of the Initial Purchasers

c/o Salomon Smith Barney Inc.
388 Greenwich Street
New York, New York 10013

Dear Sirs:

     Greif Bros. Corporation, a corporation organized under the laws of Delaware
(the "Company"), proposes to issue and sell to certain purchasers (the "Initial
Purchasers"), upon the terms set forth in a Purchase Agreement dated as of July
25, 2002, between the Company, the subsidiary guarantors signatory thereto and
the Initial Purchasers (the "Purchase Agreement"), $250,000,000 aggregate
principal amount of its 8? % Senior Subordinated Notes Due 2012 (the "Notes")
relating to the initial placement of the Notes (the "Initial Placement"). The
Notes will be unconditionally guaranteed (the "Guarantees," and, together with
the Notes, the "Securities") on a senior subordinated basis by each of the
Company's direct and indirect domestic subsidiaries set forth on the signature
page hereto (the "Guarantors"). To induce the Initial Purchasers to enter into
the Purchase Agreement and to satisfy a condition of your obligations
thereunder, the Company and the Guarantors agree with you for your benefit and
the benefit of the holders from time to time of the Securities (including the
Initial Purchasers) (each a "Holder" and, together, the "Holders"), as follows:

     1.   Definitions. Capitalized terms used herein without definition shall
have their respective meanings set forth in the Purchase Agreement. As used in
this Agreement, the following capitalized defined terms shall have the following
meanings:

<PAGE>

     "Act" shall mean the Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.

     "Affiliate" of any specified Person shall mean any other Person that,
directly or indirectly, is in control of, is controlled by, or is under common
control with, such specified Person. For purposes of this definition, control of
a Person shall mean the power, direct or indirect, to direct or cause the
direction of the management and policies of such Person whether by contract or
otherwise; and the terms "controlling" and "controlled" shall have meanings
correlative to the foregoing.

     "Broker-Dealer" shall mean any broker or dealer registered as such under
the Exchange Act.

     "Business Day" shall mean any day other than a Saturday, a Sunday or a
legal holiday or a day on which banking institutions or trust companies are
authorized or obligated by law to close in New York City.

     "Commission" shall mean the Securities and Exchange Commission.

     "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended,
and the rules and regulations of the Commission promulgated thereunder.

     "Exchange Offer Registration Period" shall mean the one-year period
following the consummation of the Registered Exchange Offer, exclusive of any
period during which any stop order shall be in effect suspending the
effectiveness of the Exchange Offer Registration Statement.

     "Exchange Offer Registration Statement" shall mean a registration statement
of the Company and the Guarantors on an appropriate form under the Act with
respect to the Registered Exchange Offer, all amendments and supplements to such
registration statement, including post-effective amendments thereto, in each
case including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

     "Exchanging Dealer" shall mean any Holder (which may include any Initial
Purchaser) that is a Broker-Dealer and elects to exchange for New Securities any
Securities that it acquired for its own account as a result of market-making
activities or other trading activities (but not directly from the Company or any
Affiliate of the Company) for New Securities.

     "Final Memorandum" shall have the meaning set forth in the Purchase
Agreement.

     "Holder" shall have the meaning set forth in the preamble hereto.

     "Indenture" shall mean the Indenture relating to the Securities, dated as
of July 31, 2002 between the Company, the Guarantors and J.P. Morgan Trust
Company, National Association, as trustee, as the same may be amended from time
to time in accordance with the terms thereof.

                                        2

<PAGE>

     "Initial Placement" shall have the meaning set forth in the preamble
hereto.

     "Initial Purchasers" shall have the meaning set forth in the preamble
hereto.

     "Losses" shall have the meaning set forth in Section 7(d) hereof.

     "Majority Holders" shall mean the Holders of a majority of the aggregate
principal amount of Securities registered under a Registration Statement.

     "Managing Underwriters" shall mean the investment banker or investment
bankers and manager or managers that shall administer an underwritten offering.

     "New Securities" shall mean debt securities of the Company and the
Guarantors, identical in all material respects to the Securities (except that
the cash interest and interest rate step-up provisions and the transfer
restrictions shall be modified or eliminated, as appropriate) and to be issued
under the Indenture or the New Securities Indenture.

     "New Securities Indenture" shall mean an indenture between the Company, the
Guarantors and the New Securities Trustee, identical in all material respects to
the Indenture (except that the cash interest and interest rate step-up
provisions will be modified or eliminated, as appropriate).

     "New Securities Trustee" shall mean a bank or trust company reasonably
satisfactory to the Initial Purchasers, as trustee with respect to the New
Securities under the New Securities Indenture.

     "Prospectus" shall mean the prospectus included in any Registration
Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A under the Act), as amended or
supplemented by any prospectus supplement, with respect to the terms of the
offering of any portion of the Securities or the New Securities covered by such
Registration Statement, and all amendments and supplements thereto and all
material incorporated by reference therein.

     "Purchase Agreement" shall have the meaning set forth in the preamble
hereto.

     "Registered Exchange Offer" shall mean the proposed offer of the Company to
issue and deliver to the Holders of the Securities that are not prohibited by
any law or policy of the Commission from participating in such offer, in
exchange for the Securities, a like aggregate principal amount of the New
Securities.

     "Registration Statement" shall mean any Exchange Offer Registration
Statement or Shelf Registration Statement that covers any of the Securities or
the New Securities pursuant to the provisions of this Agreement, any amendments
and supplements to such registration statement, including post-effective
amendments (in each case including the Prospectus contained therein), all
exhibits thereto and all material incorporated by reference therein.

     "Securities" shall have the meaning set forth in the preamble hereto.

                                        3

<PAGE>

     "Shelf Registration" shall mean a registration effected pursuant to Section
3 hereof.

     "Shelf Registration Period" has the meaning set forth in Section 3(b)(ii)
hereof.

     "Shelf Registration Statement" shall mean a "shelf" registration statement
of the Company and the Guarantors pursuant to the provisions of Section 3 hereof
which covers some or all of the Securities or New Securities, as applicable, on
an appropriate form under Rule 415 under the Act, or any similar rule that may
be adopted by the Commission, amendments and supplements to such registration
statement, including post-effective amendments, in each case including the
Prospectus contained therein, all exhibits thereto and all material incorporated
by reference therein.

     "Trustee" shall mean the trustee with respect to the Securities under the
Indenture.

     "underwriter" shall mean any underwriter of Securities in connection with
an offering thereof under a Shelf Registration Statement.

     2.   Registered Exchange Offer.

          (a)  The Company and the Guarantors shall prepare and, not later than
     90 days following the date of the original issuance of the Securities (or
     if such 90th day is not a Business Day, the next succeeding Business Day),
     shall file with the Commission the Exchange Offer Registration Statement
     with respect to the Registered Exchange Offer. The Company and the
     Guarantors shall use their best efforts to cause the Exchange Offer
     Registration Statement to become effective under the Act within 150 days of
     the date of the original issuance of the Securities (or if such 150th day
     is not a Business Day, the next succeeding Business Day).

          (b)  Upon the effectiveness of the Exchange Offer Registration
     Statement, the Company and the Guarantors shall promptly commence the
     Registered Exchange Offer, it being the objective of such Registered
     Exchange Offer to enable each Holder electing to exchange Securities for
     New Securities (assuming that such Holder is not an Affiliate of the
     Company, acquires the New Securities in the ordinary course of such
     Holder's business, has no arrangements with any Person to participate in
     the distribution of the New Securities and is not prohibited by any law or
     policy of the Commission from participating in the Registered Exchange
     Offer) to trade such New Securities from and after their receipt without
     any limitations or restrictions under the Act and without material
     restrictions under the securities laws of a substantial proportion of the
     several states of the United States.

          (c)  In connection with the Registered Exchange Offer, the Company and
     the Guarantors shall:

               (i)  mail or cause to be mailed or delivered to each Holder a
          copy of the Prospectus forming part of the Exchange Offer Registration
          Statement, together with an appropriate letter of transmittal and
          related documents;

                                        4

<PAGE>

               (ii) keep the Registered Exchange Offer open for not less than 30
          days and not more than 45 days after the date notice thereof is mailed
          to the Holders (or, in each case, longer if required by applicable
          law);

               (iii) use their best efforts to keep the Exchange Offer
          Registration Statement continuously effective under the Act,
          supplemented and amended as required, under the Act to ensure that it
          is available for sales of New Securities by Exchanging Dealers during
          the Exchange Offer Registration Period;

               (iv) utilize the services of a depositary for the Registered
          Exchange Offer with an address in the Borough of Manhattan in New York
          City, which may be the Trustee, the New Securities Trustee or an
          Affiliate of either of them;

               (v) permit Holders to withdraw tendered Securities at any time
          prior to the close of business, New York time, on the last Business
          Day on which the Registered Exchange Offer is open;

               (vi) if requested by the Commission, prior to effectiveness of
          the Exchange Offer Registration Statement, provide a supplemental
          letter to the Commission (A) stating that the Company and the
          Guarantors are conducting the Registered Exchange Offer in reliance on
          the position of the Commission in Exxon Capital Holdings Corporation
          (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub.
          avail. June 5, 1991); and (B) including a representation that the
          Company and the Guarantors have not entered into any arrangement or
          understanding with any Person to distribute the New Securities to be
          received in the Registered Exchange Offer and that, to the best of
          their information and belief, each Holder participating in the
          Registered Exchange Offer is acquiring the New Securities in the
          ordinary course of business and has no arrangement or understanding
          with any Person to participate in the distribution of the New
          Securities; and

               (vii) comply in all respects with all applicable laws.

          (d)  As soon as practicable after the close of the Registered Exchange
     Offer, the Company and the Guarantors shall:

               (i) accept for exchange all Securities tendered and not validly
          withdrawn pursuant to the Registered Exchange Offer;

               (ii) deliver to the Trustee for cancellation in accordance with
          Section 5(s) all Securities so accepted for exchange; and

               (iii) cause the Trustee or the New Securities Trustee, as the
          case may be, promptly to authenticate and deliver to each Holder of
          Securities a principal amount of New Securities equal to the principal
          amount of the Securities of such Holder so accepted for exchange.

                                        5

<PAGE>

          (e)  Each Holder hereby acknowledges and agrees that any Broker-Dealer
     and any such Holder using the Registered Exchange Offer to participate in a
     distribution of the New Securities, if the resales are of New Securities
     obtained by such Holder in exchange for Securities acquired by such Holder
     directly from the Company or one of its Affiliates, (x) could not under
     Commission policy as in effect on the date of this Agreement rely on the
     position of the Commission in Morgan Stanley and Co., Inc. (pub. avail.
     June 5, 1991) and Exxon Capital Holdings Corporation (pub. avail. May 13,
     1988), as interpreted inthe Commission's letter to Shearman & Sterling
     dated July 2, 1993 and similar no-action letters; and (y) must comply with
     the registration and prospectus delivery requirements of the Act in
     connection with any secondary resale transaction and such transaction must
     be covered by an effective registration statement containing the selling
     security holder information required by Item 507 or 508, as applicable, of
     Regulation S-K under the Act. Accordingly, each Holder participating in the
     Registered Exchange Offer shall be required to represent to the Company and
     the Guarantors that, at the time of the consummation of the Registered
     Exchange Offer:

               (i) any New Securities received by such Holder will be acquired
          in the ordinary course of business;

               (ii) such Holder will have no arrangement or understanding with
          any Person to participate in the distribution of the Securities or the
          New Securities within the meaning of the Act; and

               (iii) such Holder is not an Affiliate of the Company or any of
          the Guarantors (or if it is, that it will comply with the registration
          and prospectus delivery requirements of the Act to the extent
          applicable).

          (f)  If any Initial Purchaser determines that it is not eligible to
     participate in the Registered Exchange Offer with respect to the exchange
     of Securities constituting any portion of an unsold allotment, at the
     request of such Initial Purchaser, the Company and the Guarantors shall
     issue and deliver to such Initial Purchaser or the Person purchasing New
     Securities registered under a Shelf Registration Statement as contemplated
     by Section 3 hereof from such Initial Purchaser, in exchange for such
     Securities, a like principal amount of New Securities. The Company and the
     Guarantors shall use their best efforts to cause the CUSIP Service Bureau
     to issue the same CUSIP number for such New Securities as for New
     Securities issued pursuant to the Registered Exchange Offer.

     3.   Shelf Registration.

          (a)  If (i) due to any change in law or applicable interpretations
     thereof by the Commission's staff, the Company determines upon advice of
     its outside counsel that it is not permitted to effect the Registered
     Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other
     reason the Exchange Offer Registration Statement is not declared effective
     by the Commission under the Act within 150 days of the date of the original
     issuance of the Securities or the Registered Exchange Offer is not
     consummated within 180 days of the date of the original issuance of the
     Securities; (iii)

                                        6

<PAGE>

     any Initial Purchaser so requests with respect to Securities that are not
     eligible to be exchanged for New Securities in the Registered Exchange
     Offer and that are held by it following consummation of the Registered
     Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not
     eligible to participate in the Registered Exchange Offer or does not
     receive freely tradable New Securities in the Registered Exchange Offer
     other than by reason of such Holder being an Affiliate of the Company (it
     being understood that the requirement that a participating Broker-Dealer
     deliver the prospectus contained in the Exchange Offer Registration
     Statement in connection with sales of New Securities shall not result in
     such New Securities being not "freely tradable"); or (v) in the case of any
     Initial Purchaser that participates in the Registered Exchange Offer or
     acquires New Securities pursuant to Section 2(f) hereof, such Initial
     Purchaser does not receive freely tradable New Securities in exchange for
     Securities constituting any portion of an unsold allotment, other than by
     reason of such Holder being an Affiliate of the Company (it being
     understood that (x) the requirement that an Initial Purchaser deliver a
     Prospectus containing the information required by Item 507 or 508 of
     Regulation S-K under the Act in connection with sales of New Securities
     acquired in exchange for such Securities shall result in such New
     Securities being not "freely tradable;" and (y) the requirement that an
     Exchanging Dealer deliver a Prospectus in connection with sales of New
     Securities acquired in the Registered Exchange Offer in exchange for
     Securities acquired as a result of market-making activities or other
     trading activities shall not result in such New Securities being not
     "freely tradable") the Company and the Guarantors shall effect a Shelf
     Registration Statement in accordance with subsection (b) below.

          (b)

               (i) The Company and the Guarantors shall as promptly as
          practicable (but in no event more than 45 days after so required or
          requested pursuant to this Section 3), file with the Commission and
          thereafter shall use their best efforts to cause to be declared
          effective under the Act a Shelf Registration Statement relating to the
          offer and sale of the Securities or the New Securities, as applicable,
          by the Holders thereof from time to time in accordance with the
          methods of distribution elected by such Holders and set forth in such
          Shelf Registration Statement; provided, however, that no Holder (other
          than an Initial Purchaser) shall be entitled to have the Securities
          held by it covered by such Shelf Registration Statement unless such
          Holder agrees in writing to be bound by all of the provisions of this
          Agreement applicable to such Holder; and provided further, that with
          respect to New Securities received by an Initial Purchaser in exchange
          for Securities constituting any portion of an unsold allotment, the
          Company and the Guarantors may, if permitted by current
          interpretations by the Commission's staff, file a post-effective
          amendment to the Exchange Offer Registration Statement containing the
          information required by Item 507 or 508 of Regulation S-K, as
          applicable, in satisfaction of their obligations under this subsection
          with respect thereto, and any such Exchange Offer Registration
          Statement, as so amended, shall be referred to herein as, and governed
          by the provisions herein applicable to, a Shelf Registration
          Statement.

                                        7

<PAGE>

               (ii) The Company and the Guarantors shall use their best efforts
          to keep the Shelf Registration Statement continuously effective,
          supplemented and amended as required by the Act, in order to permit
          the Prospectus forming part thereof to be usable by Holders for a
          period of two years from the date the Shelf Registration Statement is
          declared effective by the Commission or such shorter period that will
          terminate when all the Securities or New Securities, as applicable,
          covered by the Shelf Registration Statement have been sold pursuant to
          the Shelf Registration Statement (in any such case, such period being
          called the "Shelf Registration Period"). The Company and the
          Guarantors shall be deemed not to have used their best efforts to keep
          the Shelf Registration Statement effective during the requisite period
          if they voluntarily take any action that would result in Holders of
          Securities covered thereby not being able to offer and sell such
          Securities during that period, unless (A) such action is required by
          applicable law; or (B) such action is taken by the Company and the
          Guarantors in good faith and for valid business reasons (not including
          avoidance of the Company's and the Guarantors' obligations hereunder),
          including the acquisition or divestiture of assets to the extent
          permitted by the terms of the Indenture, so long as the Company and
          the Guarantors promptly thereafter comply with the requirements of
          Section 5(k) hereof, if applicable.

               (iii) The Company and the Guarantors shall cause the Shelf
          Registration Statement and the related Prospectus and any amendment or
          supplement thereto, as of the effective date of the Shelf Registration
          Statement or such amendment or supplement, (A) to comply in all
          material respects with the applicable requirements of the Act and the
          rules and regulations of the Commission; and (B) not to contain any
          untrue statement of a material fact or omit to state a material fact
          required to be stated therein or necessary in order to make the
          statements therein, in the light of the circumstances under which they
          were made, not misleading.

     4.   Special Interest. If (a) on or prior to the 90th day following the
original issue date of the Securities, neither the Exchange Offer Registration
Statement nor the Shelf Registration Statement has been filed with the
Commission, (b) on or prior to the 150th day following the original issue date
of the Securities, neither the Exchange Offer Registration Statement nor the
Shelf Registration Statement has been declared effective, (c) on or prior to the
180th day following the original issue date of the Securities, neither the
Registered Exchange Offer has been consummated nor the Shelf Registration
Statement has been declared effective, or (d) after either the Exchange Offer
Registration Statement or the Shelf Registration Statement has been declared
effective, such Registration Statement thereafter ceases to be effective or
usable (subject to certain exceptions) in connection with resales of Securities
or New Securities in accordance with and during the periods specified in this
Agreement (each such event referred to in clauses (a) through (d), a
("Registration Default"), interest ("Special Interest") will accrue on the
principal amount of the Securities and the New Securities (in addition to the
stated interest on the Securities and New Securities) from and including the
date on which any such Registration Default shall occur to but excluding the
date on which all Registration Defaults have been cured. Special Interest will
accrue at a rate of 0.25% per annum during the 90-day period immediately
following the occurrence of such Registration Default and shall increase by
0.25%

                                        8

<PAGE>

per annum at the end of each subsequent 90-day period, but in no event shall
such rate exceed 1.00% per annum.

     All obligations of the Company and the Guarantors set forth in the
preceding paragraph that are outstanding with respect to any Security at the
time such Security is exchanged for a New Security shall survive until such time
as all such obligations with respect to such Security have been satisfied in
full.

     5.   Additional Registration Procedures. In connection with any Shelf
Registration Statement and, to the extent applicable, any Exchange Offer
Registration Statement, the following provisions shall apply.

          (a)  The Company and the Guarantors shall:

               (i) furnish to you, not less than five Business Days prior to the
          filing thereof with the Commission, a copy of any Exchange Offer
          Registration Statement and any Shelf Registration Statement, and each
          amendment thereof and each amendment or supplement, if any, to the
          Prospectus included therein (including all documents incorporated by
          reference therein after the initial filing) and shall use their best
          efforts to reflect in each such document, when so filed with the
          Commission, such comments as you reasonably propose;

               (ii) include the information set forth in Annex A hereto on the
          facing page of the Exchange Offer Registration Statement, in Annex B
          hereto in the forepart of the Exchange Offer Registration Statement in
          a section setting forth details of the Exchange Offer, in Annex C
          hereto in the underwriting or plan of distribution section of the
          Prospectus contained in the Exchange Offer Registration Statement, and
          in Annex D hereto in the letter of transmittal delivered pursuant to
          the Registered Exchange Offer;

               (iii) if requested by an Initial Purchaser, include the
          information required by Item 507 or 508 of Regulation S-K, as
          applicable, in the Prospectus contained in the Exchange Offer
          Registration Statement; and

               (iv) in the case of a Shelf Registration Statement, include the
          names of the Holders that propose to sell Securities pursuant to the
          Shelf Registration Statement as selling security holders.

          (b)  The Company and the Guarantors shall ensure that:

               (i) any Registration Statement and any amendment thereto and any
          Prospectus forming part thereof and any amendment or supplement
          thereto complies in all material respects with the Act and the rules
          and regulations thereunder; and

               (ii) any Registration Statement and any amendment thereto does
          not, when it becomes effective, contain an untrue statement of a
          material fact

                                        9

<PAGE>

               or omit to state a material fact required to be stated therein or
               necessary to make the statements therein not misleading.

          (c)  The Company and the Guarantors shall advise you, the Holders of
     Securities covered by any Shelf Registration Statement and any Exchanging
     Dealer under any Exchange Offer Registration Statement that has provided in
     writing to the Company and the Guarantors a telephone or facsimile number
     and address for notices, and, if requested by you or any such Holder or
     Exchanging Dealer, shall confirm such advice in writing (which notice
     pursuant to clauses (ii) through (v) hereof shall be accompanied by an
     instruction to suspend the use of the Prospectus until the Company and the
     Guarantors shall have remedied the basis for such suspension):

               (i) when a Registration Statement and any amendment thereto has
          been filed with the Commission and when the Registration Statement or
          any post-effective amendment thereto has become effective;

               (ii) of any request by the Commission for any amendment or
          supplement to the Registration Statement or the Prospectus or for
          additional information;

               (iii) of the issuance by the Commission of any stop order
          suspending the effectiveness of the Registration Statement or the
          initiation of any proceedings for that purpose;

               (iv) of the receipt by the Company and the Guarantors of any
          notification with respect to the suspension of the qualification of
          the securities included therein for sale in any jurisdiction or the
          initiation of any proceeding for such purpose; and

               (v) of the happening of any event that requires any change in the
          Registration Statement or the Prospectus so that, as of such date, the
          statements therein are not misleading and do not omit to state a
          material fact required to be stated therein or necessary to make the
          statements therein (in the case of the Prospectus, in the light of the
          circumstances under which they were made) not misleading.

          (d)  The Company and the Guarantors shall use their best efforts to
     obtain the withdrawal of any order suspending the effectiveness of any
     Registration Statement or the qualification of the securities therein for
     sale in any jurisdiction at the earliest possible time.

          (e)  The Company and the Guarantors shall furnish to each Holder of
     Securities covered by any Shelf Registration Statement, without charge, at
     least one copy of such Shelf Registration Statement and any post-effective
     amendment thereto, including all material incorporated therein by
     reference, and, if the Holder so requests in writing, all exhibits thereto
     (including exhibits incorporated by reference therein).

                                       10

<PAGE>

          (f)  The Company and the Guarantors shall, during the Shelf
     Registration Period, deliver to each Holder of Securities covered by any
     Shelf Registration Statement, without charge, as many copies of the
     Prospectus (including each preliminary Prospectus) included in such Shelf
     Registration Statement and any amendment or supplement thereto as such
     Holder may reasonably request. The Company and the Guarantors consent to
     the use of the Prospectus or any amendment or supplement thereto by each of
     the selling Holders of securities in connection with the offering and sale
     of the securities covered by the Prospectus, or any amendment or supplement
     thereto, included in the Shelf Registration Statement.

          (g)  The Company and the Guarantors shall furnish to each Exchanging
     Dealer which so requests, without charge, at least one copy of the Exchange
     Offer Registration Statement and any post-effective amendment thereto,
     including all material incorporated by reference therein, and, if the
     Exchanging Dealer so requests in writing, all exhibits thereto (including
     exhibits incorporated by reference therein).

          (h)  The Company and the Guarantors shall promptly deliver to each
     Initial Purchaser, each Exchanging Dealer and each other Person required to
     deliver a Prospectus during the Exchange Offer Registration Period, without
     charge, as many copies of the Prospectus included in such Exchange Offer
     Registration Statement and any amendment or supplement thereto as any such
     Person may reasonably request. The Company and the Guarantors consent to
     the use of the Prospectus or any amendment or supplement thereto by any
     Initial Purchaser, any Exchanging Dealer and any such other Person that may
     be required to deliver a Prospectus following the Registered Exchange Offer
     in connection with the offering and sale of the New Securities covered by
     the Prospectus, or any amendment or supplement thereto, included in the
     Exchange Offer Registration Statement.

          (i)  Prior to the Registered Exchange Offer or any other offering of
     Securities or New Securities pursuant to any Registration Statement, the
     Company and the Guarantors shall arrange, if necessary, for the
     qualification of the Securities or the New Securities for sale under the
     laws of such jurisdictions as any Holder shall reasonably request and will
     maintain such qualification in effect so long as required; provided that in
     no event shall the Company and the Guarantors be obligated to qualify to do
     business in any jurisdiction where they are not then so qualified or to
     take any action that would subject them to service of process in suits,
     other than those arising out of the Initial Placement, the Registered
     Exchange Offer or any offering pursuant to a Shelf Registration Statement,
     in any such jurisdiction where they are not then so subject.

          (j)  The Company and the Guarantors shall cooperate with the Holders
     of Securities to facilitate the timely preparation and delivery of
     certificates representing New Securities or Securities to be issued or sold
     pursuant to any Registration Statement free of any restrictive legends and
     in such denominations and registered in such names as Holders may request.

          (k)  Upon the occurrence of any event contemplated by subsections
     (c)(ii) through (v) above, the Company and the Guarantors shall promptly

                                       11

<PAGE>

     prepare a post-effective amendment to the applicable Registration Statement
     or an amendment or supplement to the related Prospectus or file any other
     required document so that, as thereafter delivered to initial purchasers of
     the securities included therein, the Prospectus will not include an untrue
     statement of a material fact or omit to state any material fact necessary
     to make the statements therein, in the light of the circumstances under
     which they were made, not misleading. In such circumstances, the period of
     effectiveness of the Exchange Offer Registration Statement provided for in
     Section 2 and the Shelf Registration Statement provided for in Section 3(b)
     shall each be extended by the number of days from and including the date of
     the giving of a notice of suspension pursuant to Section 5(c) to and
     including the date when the Initial Purchasers, the Holders of the
     Securities and any known Exchanging Dealer shall have received such amended
     or supplemented Prospectus pursuant to this Section.

          (l)  Not later than the effective date of any Registration Statement,
     the Company and the Guarantors shall provide a CUSIP number for the
     Securities or the New Securities, as the case may be, registered under such
     Registration Statement and provide the Trustee with printed certificates
     for such Securities or New Securities, in a form eligible for deposit with
     The Depository Trust Company.

          (m)  The Company shall comply with all applicable rules and
     regulations of the Commission and shall make generally available to its
     security holders as soon as practicable after the effective date of the
     applicable Registration Statement an earnings statement satisfying the
     provisions of Section 11(a) of the Act.

          (n)  The Company and the Guarantors shall cause the Indenture or the
     New Securities Indenture, as the case may be, to be qualified under the
     Trust Indenture Act in a timely manner.

          (o)  The Company and the Guarantors may require each Holder of
     Securities or New Securities to be sold pursuant to any Shelf Registration
     Statement to furnish to the Company and the Guarantors such information
     regarding the Holder and the distribution of such Securities or New
     Securities as the Company and the Guarantors may from time to time
     reasonably require for inclusion in such Registration Statement. The
     Company and the Guarantors may exclude from such Shelf Registration
     Statement the Securities or New Securities of any Holder that unreasonably
     fails to furnish such information within a reasonable time after receiving
     such request.

          (p)  In the case of any Shelf Registration Statement, the Company and
     the Guarantors shall enter into such agreements and take all other
     appropriate actions (including if requested an underwriting agreement in
     customary form) in order to expedite or facilitate the registration or the
     disposition of the Securities or New Securities, and in connection
     therewith, if an underwriting agreement is entered into, cause the same to
     contain indemnification provisions and procedures no less favorable than
     those set forth in Section 7 (or such other provisions and procedures
     acceptable to the Majority Holders and the Managing Underwriters, if any,
     with respect to all parties to be indemnified pursuant to Section 7).

                                       12

<PAGE>

          (q)  In the case of any Shelf Registration Statement, the Company and
     the Guarantors shall:

               (i) make reasonably available for inspection by the Holders of
          Securities or New Securities to be registered thereunder, any
          underwriter participating in any disposition pursuant to such
          Registration Statement, and any attorney, accountant or other agent
          retained by the Holders or any such underwriter all relevant financial
          and other records, pertinent corporate documents and properties of the
          Company and its subsidiaries;

               (ii) cause the Company's officers, directors and employees to
          supply all relevant information reasonably requested by the Holders or
          any such underwriter, attorney, accountant or agent in connection with
          any such Registration Statement as is customary for similar due
          diligence examinations; provided, however, that any information that
          is designated in writing by the Company, in good faith, as
          confidential at the time of delivery of such information shall be kept
          confidential by the Holders or any such underwriter, attorney,
          accountant or agent, unless such disclosure is made in connection with
          a court proceeding or required by law, or such information becomes
          available to the public generally or through a third party without an
          accompanying obligation of confidentiality;

               (iii) make such representations and warranties to the Holders of
          Securities or New Securities registered thereunder and the
          underwriters, if any, in form, substance and scope as are customarily
          made by issuers to underwriters in primary underwritten offerings and
          covering matters including, but not limited to, those set forth in the
          Purchase Agreement;

               (iv) obtain opinions of counsel to the Company and the Guarantors
          and updates thereof (which counsel and opinions (in form, scope and
          substance) shall be reasonably satisfactory to the Managing
          Underwriters, if any) addressed to each selling Holder and the
          underwriters, if any, covering such matters as are customarily covered
          in opinions requested in underwritten offerings and such other matters
          as may be reasonably requested by such Holders and underwriters;

               (v) obtain "cold comfort" letters and updates thereof from the
          independent certified public accountants of the Company (and, if
          necessary, any other independent certified public accountants of any
          subsidiary of the Company or of any business acquired by the Company
          for which financial statements and financial data are, or are required
          to be, included in the Registration Statement), addressed to each
          selling Holder of Securities or New Securities registered thereunder
          and the underwriters, if any, in customary form and covering matters
          of the type customarily covered in "cold comfort" letters in
          connection with primary underwritten offerings; and

                                       13

<PAGE>

               (vi) deliver such documents and certificates as may be reasonably
          requested by the Majority Holders and the Managing Underwriters, if
          any, including those to evidence compliance with Section 5(k) and with
          any customary conditions contained in the underwriting agreement or
          other agreement entered into by the Company and the Guarantors.

The actions set forth in clauses (iii), (iv), (v) and (vi) of this Section shall
be performed at (A) the effectiveness of such Registration Statement and each
post-effective amendment thereto; and (B) each closing under any underwriting or
similar agreement as and to the extent required thereunder.

          (r)  In the case of any Exchange Offer Registration Statement, the
     Company and the Guarantors shall:

               (i) make reasonably available for inspection by such Initial
          Purchaser, and any attorney, accountant or other agent retained by
          such Initial Purchaser, all relevant financial and other records,
          pertinent corporate documents and properties of the Company and its
          subsidiaries;

               (ii) cause the Company's officers, directors and employees to
          supply all relevant information reasonably requested by such Initial
          Purchaser or any such attorney, accountant or agent in connection with
          any such Registration Statement as is customary for similar due
          diligence examinations; provided, however, that any information that
          is designated in writing by the Company, in good faith, as
          confidential at the time of delivery of such information shall be kept
          confidential by such Initial Purchaser or any such attorney,
          accountant or agent, unless such disclosure is made in connection with
          a court proceeding or required by law, or such information becomes
          available to the public generally or through a third party without an
          accompanying obligation of confidentiality;

               (iii) make such representations and warranties to such Initial
          Purchaser, in form, substance and scope as are customarily made by
          issuers to underwriters in primary underwritten offerings and covering
          matters including, but not limited to, those set forth in the Purchase
          Agreement;

               (iv) obtain opinions of counsel to the Company and the Guarantors
          and updates thereof (which counsel and opinions (in form, scope and
          substance) shall be reasonably satisfactory to such Initial Purchaser
          and its counsel), addressed to such Initial Purchaser, covering such
          matters as are customarily covered in opinions requested in
          underwritten offerings and such other matters as may be reasonably
          requested by such Initial Purchaser or its counsel;

               (v) obtain "cold comfort" letters and updates thereof from the
          independent certified public accountants of the Company (and, if
          necessary, any other independent certified public accountants of any
          subsidiary of the Company or of any business acquired by the Company
          for which financial statements and

                                       14

<PAGE>

               financial data are, or are required to be, included in the
               Registration Statement), addressed to such Initial Purchaser, in
               customary form and covering matters of the type customarily
               covered in "cold comfort" letters in connection with primary
               underwritten offerings, or if requested by such Initial Purchaser
               or its counsel in lieu of a "cold comfort" letter, an agreed-upon
               procedures letter under Statement on Auditing Standards No. 35,
               covering matters requested by such Initial Purchaser or its
               counsel; and

                    (vi) deliver such documents and certificates as may be
               reasonably requested by such Initial Purchaser or its counsel,
               including those to evidence compliance with Section 5(k) and with
               conditions customarily contained in underwriting agreements.

The foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of this
Section shall be performed at the close of the Registered Exchange Offer and the
effective date of any post-effective amendment to the Exchange Offer
Registration Statement.

               (s)  If a Registered Exchange Offer is to be consummated, upon
          delivery of the Securities by Holders to the Company (or to such other
          Person as directed by the Company) in exchange for the New Securities,
          the Company shall mark, or caused to be marked, on the Securities so
          exchanged that such Securities are being canceled in exchange for the
          New Securities. In no event shall the Securities be marked as paid or
          otherwise satisfied.

               (t)  The Company and the Guarantors will use their best efforts
          (i) if the Securities have been rated prior to the initial sale of
          such Securities, to confirm such ratings will apply to the Securities
          or the New Securities, as the case may be, covered by a Registration
          Statement; or (ii) if the Securities were not previously rated, to
          cause the Securities covered by a Registration Statement to be rated
          with at least one nationally recognized statistical rating agency, if
          so requested by Majority Holders with respect to the related
          Registration Statement or by any Managing Underwriters.

               (u)  In the event that any Broker-Dealer shall underwrite any
          Securities or participate as a member of an underwriting syndicate or
          selling group or "assist in the distribution" (within the meaning of
          the Rules of Fair Practice and the By-Laws of the National Association
          of Securities Dealers, Inc.) thereof, whether as a Holder of such
          Securities or as an underwriter, a placement or sales agent or a
          broker or dealer in respect thereof, or otherwise, assist such
          Broker-Dealer in complying with the requirements of such Rules and
          By-Laws, including, without limitation, by:

                    (i) if such Rules or By-Laws shall so require, engaging a
               "qualified independent underwriter" (as defined in such Rules) to
               participate in the preparation of the Registration Statement, to
               exercise usual standards of due diligence with respect thereto
               and, if any portion of the offering contemplated by such
               Registration Statement is an underwritten offering or is made
               through a placement or sales agent, to recommend the yield of
               such Securities;

                                       15

<PAGE>

                    (ii) indemnifying any such qualified independent underwriter
               to the extent of the indemnification of underwriters provided in
               Section 6 hereof; and

                    (iii) providing such information to such Broker-Dealer as
               may be required in order for such Broker-Dealer to comply with
               the requirements of such Rules.

                    (iv) The Company and the Guarantors shall use their best
               efforts to take all other steps necessary to effect the
               registration of the Securities or the New Securities, as the case
               may be, covered by a Registration Statement.

     6.   Registration Expenses. The Company and the Guarantors shall bear all
expenses incurred in connection with the performance of their obligations under
Sections 2, 3 and 5 hereof and, in the event of any Shelf Registration
Statement, will reimburse the Holders for the reasonable fees and disbursements
of one firm or counsel designated by the Majority Holders to act as counsel for
the Holders in connection therewith, and, in the case of any Exchange Offer
Registration Statement, will reimburse the Initial Purchasers for the reasonable
fees and disbursements of counsel acting in connection therewith.

     7.   Indemnification and Contribution.

          (a)  The Company and the Guarantors, jointly and severally, agree to
     indemnify and hold harmless each Holder of Securities or New Securities, as
     the case may be, covered by any Registration Statement (including each
     Initial Purchaser and, with respect to any Prospectus delivery as
     contemplated in Section 5(h) hereof, each Exchanging Dealer), the
     directors, officers, employees and agents of each such Holder and each
     Person who controls any such Holder within the meaning of either the Act or
     the Exchange Act against any and all losses, claims, damages or
     liabilities, joint or several, to which they or any of them may become
     subject under the Act, the Exchange Act or other Federal or state statutory
     law or regulation, at common law 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 a
     material fact contained in the Registration Statement as originally filed
     or in any amendment thereof, or in any preliminary Prospectus or the
     Prospectus, or in any amendment thereof or supplement thereto, 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 agrees to reimburse each such
     indemnified party, as incurred, 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
     Company and the Guarantors will not be liable in any case to the extent
     that any such loss, claim, damage or liability arises out of or is based
     upon any such untrue statement or alleged untrue statement or omission or
     alleged omission made therein in reliance upon and in conformity with
     written information furnished to the Company and the Guarantors by or on
     behalf of any such Holder specifically for inclusion therein. This
     indemnity agreement will be in addition to any liability that the Company
     and the Guarantors may otherwise have.

                                       16

<PAGE>

     The Company and the Guarantors also, jointly and severally, agree to
indemnify or contribute as provided in Section 7(d) to Losses of any underwriter
of any Securities or New Securities, as the case may be, registered under a
Shelf Registration Statement, their directors, officers, employees or agents and
each Person who controls such underwriter on substantially the same basis as
that of the indemnification of the Initial Purchasers and the selling Holders
provided in this Section 7(a) and shall, if requested by any Holder, enter into
an underwriting agreement reflecting such agreement, as provided in Section 5(p)
hereof.

     With respect to any untrue statement or omission of material fact made in
any preliminary Prospectus, the indemnity agreement contained in this Section
7(a) shall not inure to the benefit of any indemnified person from whom the
person asserting any such loss, claim, damage or liability purchased the
securities concerned, to the extent that any such loss, claim, damage or
liability of such indemnified person occurs under the circumstance where it
shall have been determined by a court of competent jurisdiction by final and
non-appealable judgment that (w) the Company had previously furnished copies of
the Final Prospectus to such indemnified person, (x) delivery of the Final
Prospectus was required by the Act to be made to such person, (y) the untrue
statement or omission of a material fact contained in the preliminary Prospectus
was corrected in the Final Prospectus and (z) there was not sent or given to
such person, at or prior to the written confirmation of the sale of such
securities to such person, a copy of the Final Prospectus.

          (b)  Each Holder of securities covered by a Registration Statement
     (including each Initial Purchaser and, with respect to any Prospectus
     delivery as contemplated in Section 5(h) hereof, each Exchanging Dealer)
     severally agrees to indemnify and hold harmless the Company and the
     Guarantors, each of their directors, each of their officers who sign such
     Registration Statement and each Person who controls the Company or any of
     the Guarantors within the meaning of either the Act or the Exchange Act, to
     the same extent as the foregoing indemnity from the Company and the
     Guarantors to each such Holder, but only with reference to written
     information relating to such Holder furnished to the Company and the
     Guarantors by or on behalf of such Holder specifically for inclusion in the
     documents referred to in the foregoing indemnity. This indemnity agreement
     will be in addition to any liability that any such Holder may otherwise
     have.

          (c)  Promptly after receipt by an indemnified party under this Section
     7 of notice of the commencement of any action, such indemnified party will,
     if a claim in respect thereof is to be made against the indemnifying party
     under this Section, notify the indemnifying party in writing of the
     commencement thereof; but the failure so to notify the indemnifying party
     (i) will not relieve it from liability under paragraph (a) or (b) above
     unless and to the extent it did not otherwise learn of such action and such
     failure results in the forfeiture by the indemnifying party of substantial
     rights and defenses; and (ii) will not, in any event, relieve the
     indemnifying party from any obligations to any indemnified party other than
     the indemnification obligation provided in paragraph (a) or (b) above. The
     indemnifying party shall be entitled to appoint counsel of the indemnifying
     party's choice at the indemnifying party's expense to represent the
     indemnified party in any action for which indemnification is sought (in
     which case the indemnifying party shall not thereafter be responsible for
     the fees and expenses of any

                                       17

<PAGE>

          separate counsel retained by the indemnified party or parties except
          as set forth below); provided, however, that such counsel shall be
          satisfactory to the indemnified party. Notwithstanding the
          indemnifying party's election to appoint counsel to represent the
          indemnified party in an action, the indemnified party shall have the
          right to employ separate counsel (including local counsel), and the
          indemnifying party shall bear the reasonable fees, costs and expenses
          of such separate counsel if (i) the use of counsel chosen by the
          indemnifying party to represent the indemnified party would present
          such counsel with a conflict of interest; (ii) the actual or potential
          defendants in, or targets of, any such action include both the
          indemnified party and the indemnifying party and the indemnified party
          shall have reasonably concluded that there may be legal defenses
          available to it and/or other indemnified parties which are different
          from or additional to those available to the indemnifying party; (iii)
          the indemnifying party shall not have employed counsel satisfactory to
          the indemnified party to represent the indemnified party within a
          reasonable time after notice of the institution of such action; or
          (iv) the indemnifying party shall authorize the indemnified party to
          employ separate counsel at the expense of the indemnifying party. An
          indemnifying party will not, without the prior written consent of the
          indemnified parties, settle or compromise or consent to the entry of
          any judgment with respect to any pending or threatened claim, action,
          suit or proceeding in respect of which indemnification or contribution
          may be sought hereunder (whether or not the indemnified parties are
          actual or potential parties to such claim or action) unless such
          settlement, compromise or consent includes an unconditional release of
          each indemnified party from all liability arising out of such claim,
          action, suit or proceeding.

               (d)  In the event that the indemnity provided in paragraph (a) or
          (b) of this Section is unavailable to or insufficient to hold harmless
          an indemnified party for any reason, then each applicable indemnifying
          party shall have a joint and several obligation to contribute to the
          aggregate losses, claims, damages and liabilities (including legal or
          other expenses reasonably incurred in connection with investigating or
          defending same) (collectively "Losses") to which such indemnified
          party may be subject in such proportion as is appropriate to reflect
          the relative benefits received by such indemnifying party, on the one
          hand, and such indemnified party, on the other hand, from the Initial
          Placement and the Registration Statement which resulted in such
          Losses; provided, however, that in no case shall any Initial Purchaser
          or any subsequent Holder of any Security or New Security be
          responsible, in the aggregate, for any amount in excess of the
          purchase discount or commission applicable to such Security, or in the
          case of a New Security, applicable to the Security that was
          exchangeable into such New Security, as set forth on the cover page of
          the Final Memorandum, nor shall any underwriter be responsible for any
          amount in excess of the underwriting discount or commission applicable
          to the securities purchased by such underwriter under the Registration
          Statement which resulted in such Losses. If the allocation provided by
          the immediately preceding sentence is unavailable for any reason, the
          indemnifying party and the indemnified party shall contribute in such
          proportion as is appropriate to reflect not only such relative
          benefits but also the relative fault of such indemnifying party, on
          the one hand, and such indemnified party, on the other hand, in
          connection with the statements or omissions which resulted in such
          Losses as well as any other relevant equitable considerations.
          Benefits received by the Company and the Guarantors shall be deemed to
          be equal to the sum of (x) the total net proceeds from the Initial
          Placement (before

                                       18

<PAGE>

          deducting expenses) as set forth on the cover page of the Final
          Memorandum and (y) the total amount of additional interest which the
          Company and the Guarantors were not required to pay as a result of
          registering the securities covered by the Registration Statement which
          resulted in such Losses. Benefits received by the Initial Purchasers
          shall be deemed to be equal to the total purchase discounts and
          commissions as set forth on the cover page of the Final Memorandum,
          and benefits received by any other Holders shall be deemed to be equal
          to the value of receiving Securities or New Securities, as applicable,
          registered under the Act. Benefits received by any underwriter shall
          be deemed to be equal to the total underwriting discounts and
          commissions, as set forth on the cover page of the Prospectus forming
          a part of the Registration Statement which resulted in such Losses.
          Relative fault shall be determined by reference to, among other
          things, whether any alleged untrue statement or omission relates to
          information provided by the indemnifying party, on the one hand, or by
          the indemnified party, on the other hand, the intent of the parties
          and their relative knowledge, access to information and opportunity to
          correct or prevent such untrue statement or omission. The parties
          agree that it would not be just and equitable if contribution were
          determined by pro rata allocation (even if the Holders were treated as
          one entity for such purpose) or any other method of allocation which
          does not take account of the equitable considerations referred to
          above. Notwithstanding the provisions of this paragraph (d), no Person
          guilty of fraudulent misrepresentation (within the meaning of Section
          11(f) of the Act) shall be entitled to contribution from any Person
          who was not guilty of such fraudulent misrepresentation. For purposes
          of this Section, each Person who controls a Holder within the meaning
          of either the Act or the Exchange Act and each director, officer,
          employee and agent of such Holder shall have the same rights to
          contribution as such Holder, and each Person who controls the Company
          or any of the Guarantors within the meaning of either the Act or the
          Exchange Act, each officer of the Company or any of the Guarantors who
          shall have signed the Registration Statement and each director of the
          Company or any of the Guarantors shall have the same rights to
          contribution as the Company, subject in each case to the applicable
          terms and conditions of this paragraph (d).

               (e)  The provisions of this Section will remain in full force and
          effect, regardless of any investigation made by or on behalf of any
          Holder or the Company and the Guarantors or any of the officers,
          directors or controlling Persons referred to in this Section hereof,
          and will survive the sale by a Holder of securities covered by a
          Registration Statement.

     8.   Underwritten Registrations.

          (a)  If any of the Securities or New Securities, as the case may be,
     covered by any Shelf Registration Statement are to be sold in an
     underwritten offering, the Managing Underwriters shall be selected by the
     Majority Holders.

          (b)  No Person may participate in any underwritten offering pursuant
     to any Shelf Registration Statement, unless such Person (i) agrees to sell
     such Person's Securities or New Securities, as the case may be, on the
     basis reasonably provided in any underwriting arrangements approved by the
     Persons entitled hereunder to approve such

                                       19

<PAGE>

     arrangements; and (ii) completes and executes all questionnaires, powers of
     attorney, indemnities, underwriting agreements and other documents
     reasonably required under the terms of such underwriting arrangements.

     9.   No Inconsistent Agreements. The Company has not, as of the date
hereof, entered into, nor shall it, on or after the date hereof, enter into, any
agreement with respect to its securities that is inconsistent with the rights
granted to the Holders herein or otherwise conflicts with the provisions hereof.

     10.  Amendments and Waivers. The provisions of this Agreement, including
the provisions of this sentence, may not be amended, qualified, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, unless the Company has obtained the written consent of the
Majority Holders; provided that, with respect to any matter that directly or
indirectly affects the rights of any Initial Purchaser hereunder, the Company
shall obtain the written consent of each such Initial Purchaser against which
such amendment, qualification, supplement, waiver or consent is to be effective.
Notwithstanding the foregoing, a waiver or consent to departure from the
provisions hereof with respect to a matter that relates exclusively to the
rights of Holders whose Securities or New Securities, as the case may be, are
being sold pursuant to a Registration Statement and that does not directly or
indirectly affect the rights of other Holders may be given by the Holders
representing a majority of the aggregate principal amount of the Securities or
the New Securities, as the case may be, being sold rather than registered under
such Registration Statement, voting together as a single class.

     11.  Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, first-class mail,
telex, telecopier or air courier guaranteeing overnight delivery:

          (a)  if to a Holder, at the most current address given by such holder
     to the Company in accordance with the provisions of this Section, which
     address initially is, with respect to each Holder, the address of such
     Holder maintained by the Registrar under the Indenture, with a copy in like
     manner to Salomon Smith Barney Inc;

          (b)  if to you, initially at the respective addresses set forth in the
     Purchase Agreement; and

          (c)  if to the Company or the Guarantors, initially at their
     respective address set forth in the Purchase Agreement.

     All such notices and communications shall be deemed to have been duly given
when received.

     The Initial Purchasers or the Company by notice to the other parties may
designate additional or different addresses for subsequent notices or
communications.

     12.  Successors. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties, including,
without the need for an express assignment or any consent by the Company
thereto, subsequent Holders of Securities and the

                                       20

<PAGE>

New Securities. The Company hereby agrees to extend the benefits of this
Agreement to any Holder of Securities and the New Securities, and any such
Holder may specifically enforce the provisions of this Agreement as if an
original party hereto.

     13.  Counterparts. This agreement may be in signed counterparts, each of
which shall an original and all of which together shall constitute one and the
same agreement.

     14.  Headings. The headings used herein are for convenience only and shall
not affect the construction hereof.

     15.  Applicable Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to contracts made
and to be performed in the State of New York.

     16.  Severability. In the event that any one of more of the provisions
contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of
the remaining provisions hereof shall not be in any way impaired or affected
thereby, it being intended that all of the rights and privileges of the parties
shall be enforceable to the fullest extent permitted by law.

     17.  Securities Held by the Company, etc. Whenever the consent or approval
of Holders of a specified percentage of principal amount of Securities or New
Securities is required hereunder, Securities or New Securities, as applicable,
held by the Company or its Affiliates (other than subsequent Holders of
Securities or New Securities if such subsequent Holders are deemed to be
Affiliates solely by reason of their holdings of such Securities or New
Securities) shall not be counted in determining whether such consent or approval
was given by the Holders of such required percentage.

                                       21

<PAGE>

     If the foregoing is in accordance with your understanding of our agreement,
please sign and return to us the enclosed duplicate hereof, whereupon this
Agreement and your acceptance shall represent a binding agreement among the
Company, the Guarantors and the several Initial Purchasers.

                                       Very truly yours,

                                       GREIF BROS. CORPORATION

                                       By: Donald S. Huml
                                           -------------------------------------
                                           Name: Donald S. Huml
                                           Title: Chief Financial Officer

The foregoing Agreement is hereby confirmed and
accepted as of the date first above written.

SALOMON SMITH BARNEY INC.
DEUTSCHE BANK SECURITIES INC.
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MCDONALD INVESTMENTS INC.
SUNTRUST CAPITAL MARKETS, INC.
NATCITY INVESTMENTS, INC.
ING FINANCIAL MARKETS LLC
U.S. BANCORP PIPER JAFFRAY INC.
HUNTINGTON CAPITAL CORP.

By: SALOMON SMITH BARNEY INC.

By: /s/ Whit Marshall
    ------------------------------
Name:  Whit Marshall
Title: Vice President

                                       22

<PAGE>

                                       SUBSIDIARY GUARANTORS

                                       AMERICAN FLANGE & MANUFACTURING CO., INC.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       BARZON CORPORATION

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       GREAT LAKES CORRUGATED CORP.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       GREIF BROS. CORP. OF OHIO, INC.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       GREIF BROS. SERVICE CORP.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                      SIRCO SYSTEMS, LLC

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       SOTERRA LLC

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       23

<PAGE>

                                       TAINER TRANSPORT, INC.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       TREND-PAK, INC.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       GREIF CONTAINERS, INC.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       GREIF U.S. HOLDINGS, INC.

                                       By: /s/ Donald S. Huml
                                          --------------------------------------
                                          Name: Donald S. Huml
                                          Title: Vice President

                                       24

<PAGE>

                                                                         ANNEX A

     Each Broker-Dealer that receives New Securities for its own account
pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such New Securities. The Letter of
Transmittal states that by so acknowledging and by delivering a prospectus, a
Broker-Dealer will not be deemed to admit that it is an "underwriter" within the
meaning of the Securities Act. This Prospectus, as it may be amended or
supplemented from time to time, may be used by a Broker-Dealer in connection
with resales of New Securities received in exchange for Securities where such
Securities were acquired by such Broker-Dealer as a result of market-making
activities or other trading activities. The Company has agreed that, starting on
the Expiration Date (as defined herein) and ending on the close of business one
year after the Expiration Date, it will make this Prospectus available to any
Broker-Dealer for use in connection with any such resale. See "Plan of
Distribution."

                                       25

<PAGE>

                                                                         ANNEX B

          Each Broker-Dealer that receives New Securities for its own account in
     exchange for Securities, where such Securities were acquired by such
     Broker-Dealer as a result of market-making activities or other trading
     activities, must acknowledge that it will deliver a prospectus in
     connection with any resale of such New Securities. See "Plan of
     Distribution."

                                       26

<PAGE>

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

     Each Broker-Dealer that receives New Securities for its own account
pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such New Securities. This
Prospectus, as it may be amended or supplemented from time to time, may be used
by a Broker-Dealer in connection with resales of New Securities received in
exchange for Securities where such Securities were acquired as a result of
market-making activities or other trading activities. The Company and the
Guarantors have agreed that, starting on the Expiration Date and ending on the
close of business one year after the Expiration Date, they will make this
Prospectus, as amended or supplemented, available to any Broker-Dealer for use
in connection with any such resale. In addition, until __________, 200__, all
dealers effecting transactions in the New Securities may be required to deliver
a prospectus.

     The Company will not receive any proceeds from any sale of New Securities
by brokers-dealers. New Securities received by Broker-Dealers for their own
account pursuant to the Exchange Offer may be sold from time to time in one or
more transactions in the over-the-counter market, in negotiated transactions,
through the writing of options on the New Securities or a combination of such
methods of resale, at market prices prevailing at the time of resale, at prices
related to such prevailing market prices or negotiated prices. Any such resale
may be made directly to purchasers or to or through brokers or dealers who may
receive compensation in the form of commissions or concessions from any such
Broker-Dealer and/or the purchasers of any such New Securities. Any
Broker-Dealer that resells New Securities that were received by it for its own
account pursuant to the Exchange Offer and any broker or dealer that
participates in a distribution of such New Securities may be deemed to be an
"underwriter" within the meaning of the Securities Act and any profit of any
such resale of New Securities and any commissions or concessions received by any
such Persons may be deemed to be underwriting compensation under the Securities
Act. The Letter of Transmittal states that by acknowledging that it will deliver
and by delivering a prospectus, a Broker-Dealer will not be deemed to admit that
it is an "underwriter" within the meaning of the Securities Act.

     For a period of one year after the Expiration Date, the Company and the
Guarantors will promptly send additional copies of this Prospectus and any
amendment or supplement to this Prospectus to any Broker-Dealer that requests
such documents in the Letter of Transmittal. The Company has agreed to pay all
expenses incident to the Exchange Offer (including the expenses of one counsel
for the holder of the Securities) other than commissions or concessions of any
brokers or dealers and will indemnify the holders of the Securities (including
any Broker-Dealers) against certain liabilities, including liabilities under the
Securities Act.

     [If applicable, add information required by Regulation S-K Items 507 and/or
508.]

                                       27

<PAGE>

                                                                         ANNEX D

Rider A

                 CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH
                 TO RECEIVE 10 ADDITIONAL COPIES OF THE
                 PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR
                 SUPPLEMENTS THERETO.

                 Name:
                           --------------------------------------------
                 Address:
                           --------------------------------------------

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

Rider B

If the undersigned is not a Broker-Dealer, the undersigned represents that it
acquired the New Securities in the ordinary course of its business, it is not
engaged in, and does not intend to engage in, a distribution of New Securities
and it has no arrangements or understandings with any Person to participate in a
distribution of the New Securities. If the undersigned is a Broker-Dealer that
will receive New Securities for its own account in exchange for Securities, it
represents that the Securities to be exchanged for New Securities were acquired
by it as a result of market-making activities or other trading activities and
acknowledges that it will deliver a prospectus in connection with any resale of
such New Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.

                                       28

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