Document:

<PAGE>

                                                                    EXHIBIT 10.2

                              ARMOR HOLDINGS, INC.,

                                   as Issuer,

                           THE SUBSIDIARY GUARANTORS,

                                 as Guarantors,

                                       and

                      WACHOVIA BANK, NATIONAL ASSOCIATION,

                                   as Trustee

                                    INDENTURE

                           DATED AS OF AUGUST 12, 2003

                    8 1/4% SENIOR SUBORDINATED NOTES DUE 2013

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                                PAGE
                                                                                                                ----
<S>                   <C>                                                                                       <C>
ARTICLE ONE DEFINITIONS AND INCORPORATION BY REFERENCE............................................................1

         Section 1.01. Definitions................................................................................1
         Section 1.02. Other Definitions.........................................................................16
         Section 1.03. Incorporation by Reference of Trust Indenture Act.........................................17
         Section 1.04. Rules of Construction.....................................................................17

ARTICLE TWO THE NOTES............................................................................................18

         Section 2.01. Form and Dating...........................................................................18
         Section 2.02. Execution and Authentication..............................................................18
         Section 2.03. Methods of Receiving Payments on the Notes................................................19
         Section 2.04. Registrar and Paying Agent................................................................19
         Section 2.05. Paying Agent to Hold Money in Trust.......................................................19
         Section 2.06. Lists of Holders of Notes.................................................................20
         Section 2.07. Transfer and Exchange.....................................................................20
         Section 2.08. Replacement Notes.........................................................................31
         Section 2.09. Outstanding Notes; Treasury Notes.........................................................31
         Section 2.10. Temporary Notes...........................................................................32
         Section 2.11. Cancellation..............................................................................32
         Section 2.12. Defaulted Interest........................................................................32
         Section 2.13. CUSIP Number..............................................................................32
         Section 2.14. Persons Deemed Owners.....................................................................32
         Section 2.15. Issuance of Additional Notes..............................................................33

ARTICLE THREE REDEMPTION.........................................................................................33

         Section 3.01. Notice to Trustee.........................................................................33
         Section 3.02. Selection of Notes to Be Redeemed.........................................................33
         Section 3.03. Notice of Redemption......................................................................33
         Section 3.04. Effect of Notice of Redemption............................................................34
         Section 3.05. Deposit of Redemption Price...............................................................34
         Section 3.06. Notes Redeemed in Part....................................................................34
         Section 3.07. Optional Redemption.......................................................................35
         Section 3.08. No Mandatory Redemption...................................................................35

ARTICLE FOUR COVENANTS...........................................................................................36

         Section 4.01. Payment of Notes..........................................................................36
         Section 4.02. Commission Reports........................................................................36
         Section 4.03. Compliance Certificates...................................................................36
         Section 4.04. Maintenance of Office or Agency...........................................................37
         Section 4.05. Corporate Existence.......................................................................37
         Section 4.06. Waiver of Stay, Extension or Usury Laws...................................................38
         Section 4.07. Payment of Taxes and Other Claims.........................................................38
         Section 4.08. Business Activities.......................................................................38
         Section 4.09. Limitation on Incurrence of Additional Indebtedness and Issuance of Preferred Stock.......38
         Section 4.10. Limitation on Restricted Payments.........................................................40
         Section 4.11. Limitation on Sale of Assets..............................................................42
         Section 4.12. Limitation on Liens.......................................................................44

<PAGE>

         Section 4.13. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.................44
         Section 4.14. Limitation on Transactions with Affiliates................................................45
         Section 4.15. Limitation on Senior Subordinated Indebtedness............................................46
         Section 4.16. Change of Control.........................................................................46
         Section 4.17. Designation of Restricted and Unrestricted Subsidiaries...................................47
         Section 4.18. Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries..........48
         Section 4.19. Payments for Consent......................................................................48
         Section 4.20. Limitations on Issuances of Guarantees by Restricted Subsidiaries; Merger,
                           Consolidation and Sale of All or Substantially All Assets by Subsidiary
                           Guarantors; Release of Subsidiary Guarantees..........................................49
         Section 4.21. Sale and Leaseback Transactions...........................................................50
         Section 4.22. Additional Subsidiary Guarantees..........................................................50

ARTICLE FIVE SUCCESSOR CORPORATION...............................................................................51

         Section 5.01. Merger; Consolidation or Sale of All or Substantially All Assets..........................51
         Section 5.02. Successor Corporation Substituted.........................................................52

ARTICLE SIX DEFAULTS AND REMEDIES................................................................................52

         Section 6.01. Events of Default.........................................................................52
         Section 6.02. Acceleration..............................................................................53
         Section 6.03. Other Remedies............................................................................54
         Section 6.04. Waiver of Past Defaults...................................................................54
         Section 6.05. Control by Majority.......................................................................55
         Section 6.06. Limitation on Remedies....................................................................55
         Section 6.07. Rights of Holders to Receive Payment......................................................55
         Section 6.08. Collection Suit by Trustee................................................................55
         Section 6.09. Trustee May File Proofs of Claim..........................................................56
         Section 6.10. Priorities................................................................................56
         Section 6.11. Undertaking for Costs.....................................................................56

ARTICLE SEVEN TRUSTEE............................................................................................57

         Section 7.01. Duties of Trustee.........................................................................57
         Section 7.02. Rights of Trustee.........................................................................57
         Section 7.03. Individual Rights of Trustee..............................................................58
         Section 7.04. Trustee's Disclaimer......................................................................58
         Section 7.05. Notice of Defaults........................................................................59
         Section 7.06. Reports by Trustee to Holders.............................................................59
         Section 7.07. Compensation and Indemnity................................................................59
         Section 7.08. Replacement of Trustee....................................................................60
         Section 7.09. Successor Trustee by Merger, Etc..........................................................61
         Section 7.10. Eligibility; Disqualification.............................................................61
         Section 7.11. Preferential Collection of Claims Against Company.........................................61

ARTICLE EIGHT SATISFACTION AND DISCHARGE OF INDENTURE............................................................61

         Section 8.01. Termination of Company's Obligations......................................................61
         Section 8.02. Application of Trust Money................................................................62
         Section 8.03. Repayment to the Company..................................................................62
         Section 8.04. Survival..................................................................................62
         Section 8.05. Reinstatement.............................................................................63

                                                    ii

<PAGE>

ARTICLE NINE AMENDMENTS, SUPPLEMENTS AND WAIVERS.................................................................63

         Section 9.01. Without Consent of Holders................................................................63
         Section 9.02. With Consent of Holders...................................................................64
         Section 9.03. Compliance with Trust Indenture Act.......................................................65
         Section 9.04. Revocation and Effect of Consents.........................................................65
         Section 9.05. Notation on or Exchange of Notes..........................................................66
         Section 9.06. Trustee Protected.........................................................................66

ARTICLE TEN SUBORDINATION OF NOTES...............................................................................66

         Section 10.01. Agreement to Subordinate.................................................................66
         Section 10.02. Liquidation; Dissolution; Bankruptcy.....................................................66
         Section 10.03. Default on Designated Senior Debt........................................................67
         Section 10.04. Acceleration of Notes....................................................................67
         Section 10.05. When Distribution Must Be Paid Over......................................................68
         Section 10.06. Notice by the Company....................................................................68
         Section 10.07. Subrogation..............................................................................68
         Section 10.08. Relative Rights..........................................................................68
         Section 10.09. Subordination May Not Be Impaired by the Company.........................................69
         Section 10.10. Distribution or Notice to Representative.................................................69
         Section 10.11. Rights of Trustee and Paying Agent.......................................................69
         Section 10.12. Authorization to Effect Subordination....................................................69
         Section 10.13. Trustee Not Fiduciary for Holders of Senior Debt.........................................69

ARTICLE ELEVEN GUARANTEES........................................................................................70

         Section 11.01. Unconditional Guarantee..................................................................70
         Section 11.02. [Reserved]...............................................................................71
         Section 11.03. [Reserved]...............................................................................71
         Section 11.04. [Reserved]...............................................................................71
         Section 11.05. Limitation of Subsidiary Guarantor's Liability...........................................71
         Section 11.06. Contribution.............................................................................71
         Section 11.07. Execution and Delivery of Subsidiary Guarantees..........................................71
         Section 11.08. Severability.............................................................................71

ARTICLE TWELVE SUBORDINATION OF SUBSIDIARY GUARANTEES............................................................72

         Section 12.01. Guarantees Subordinated to Senior Debt...................................................72
         Section 12.02. Liquidation; Dissolution; Bankruptcy.....................................................72
         Section 12.03. Default on Designated Senior Debt........................................................72
         Section 12.04. Guarantees Unconditional.................................................................73
         Section 12.05. When Distribution Must Be Paid Over......................................................73
         Section 12.06. Notice by the Company....................................................................74
         Section 12.07. Subrogation..............................................................................74
         Section 12.08. Relative Rights..........................................................................74
         Section 12.09. Subordination May Not Be Impaired by the Company.........................................74
         Section 12.10. Distribution or Notice to Representative.................................................75
         Section 12.11. Rights of Trustee and Paying Agent.......................................................75
         Section 12.12. Authorization to Effect Subordination....................................................75
         Section 12.13. Trustee Not Fiduciary for Holders of Senior Debt.........................................75

                                               iii

<PAGE>

ARTICLE THIRTEEN DEFEASANCE AND COVENANT DEFEASANCE..............................................................76

         Section 13.01. Option to Effect Legal Defeasance or Covenant Defeasance.................................76
         Section 13.02. Legal Defeasance and Discharge...........................................................76
         Section 13.03. Covenant Defeasance......................................................................76
         Section 13.04. Conditions to Legal or Covenant Defeasance...............................................77
         Section 13.05. Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous
                           Provisions............................................................................78
         Section 13.06. Repayment to the Company.................................................................78
         Section 13.07. Reinstatement............................................................................78

ARTICLE FOURTEEN MISCELLANEOUS...................................................................................79

         Section 14.01. Trust Indenture Act Controls.............................................................79
         Section 14.02. Notices..................................................................................79
         Section 14.03. Communication by Holders with Other Holders..............................................80
         Section 14.04. Certificate and Opinion as to Conditions Precedent.......................................80
         Section 14.05. Statements Required in Certificate or Opinion............................................80
         Section 14.06. Rules by Trustee and Agents..............................................................80
         Section 14.07. Legal Holidays...........................................................................80
         Section 14.08. No Personal Liability of Directors, Officers, Employees and Stockholders.................81
         Section 14.09. Governing Law............................................................................81
         Section 14.10. No Adverse Interpretation of Other Agreements............................................81
         Section 14.11. [Reserved]...............................................................................81
         Section 14.12. Successors...............................................................................81
         Section 14.13. Duplicate Originals......................................................................81
         Section 14.14. Severability.............................................................................81
         Section 14.15. Table of Contents, Headings, etc.........................................................81

                  Exhibit A - Form of Initial Note
                  Exhibit B - Form of Certificate of Transfer
                  Exhibit C - Form of Certificate of Exchange
                  Exhibit D - Form of Certificate from Acquiring Institutional Accredited Investor

                                                    iv

</TABLE>

<PAGE>

                              CROSS-REFERENCE TABLE

TRUST INDENTURE                                                      INDENTURE
   ACT SECTION                                                        SECTION
------------------                                                   ---------
310  (a)(1)...............................................................7.10
     (a)(2)...............................................................7.10
     (a)(3) ...............................................................N/A
     (a)(4) ...............................................................N/A
     (a)(5) ..............................................................7.08
     (b) .................................................................7.10
     (c) ..................................................................N/A
311  (a)..................................................................7.11
     (b)..................................................................7.11
     (c) ..................................................................N/A
312  (a) ..................................................................N/A
     (b) ................................................................14.03
     (c) ................................................................14.03
313  (a) .................................................................7.06
     (b)(1) ...............................................................N/A
     (b)(2) ..............................................................7.06
     (c) .................................................................7.06
     (d) .................................................................7.06
314  (a) ...........................................................4.02; 4.03
     (b) ..................................................................N/A
     (c)(1) .............................................................14.04
     (c)(2) .............................................................14.01
     (c)(3) ...............................................................N/A
     (d) ..................................................................N/A
     (e) .................................................................4.03
     (f) ..................................................................N/A
315  (a)..................................................................7.01
     (b) .................................................................7.05
     (c) .................................................................7.01
     (d) .................................................................7.01
     (e) ..................................................................N/A
316  (a)(1)(A) ...........................................................6.05
     (a)(1)(B) ...........................................................6.04
     (a)(2) ...............................................................N/A
     (b) .................................................................6.07
     (c)..................................................................9.04
317  (a)(1) ..............................................................6.08
     (a)(2) ..............................................................6.09
     (b) ..................................................................N/A
318  (a) ................................................................14.01
     (b) ..................................................................N/A
     (c) ................................................................14.01

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

N/A means Not Applicable

NOTE: This Cross-Reference Table shall not, for any purpose, be deemed to be
part of this Indenture.

                                       v

<PAGE>

                  INDENTURE, dated as of August 12, 2003, among ARMOR HOLDINGS,
         INC., a Delaware corporation (the "Company"), the SUBSIDIARY GUARANTORS
         listed as signatories hereto, and Wachovia Bank, National Association,
         a national banking association, as trustee ("Trustee").

                  The Company has duly authorized the execution and delivery of
         this Indenture to provide for the issuance, initially, of up to
         $150,000,000 aggregate principal amount of the Company's 8 1/4% Senior
         Subordinated Notes due 2013 (the "Notes") issuable as provided in this
         Indenture. All actions necessary to make this Indenture a valid and
         legally binding agreement of the Company and each Subsidiary Guarantor,
         in accordance with its terms, have been taken.

                  Each party agrees as follows for the benefit of the other
         parties and for the equal and ratable benefit of the holders of the
         Notes.

                                  ARTICLE ONE

                   DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.01. Definitions.

                  "144A Global Note" means a global note substantially in the
         form of Exhibit A-1 hereto bearing the Global Note Legend and the
         Private Placement Legend and deposited with or on behalf of, and
         registered in the name of, the Depositary or its nominee that shall be
         issued in a denomination equal to the outstanding principal amount of
         the Notes initially sold in reliance on Rule 144A.

                  "Acquired Debt" means, with respect to any specified Person,
         (i) Indebtedness of any other Person existing at the time such other
         Person is merged with or into, or becomes a Subsidiary of, such
         specified Person, whether or not such Indebtedness is incurred in
         connection with, or in contemplation of, such other Person merging with
         or into, or becoming a Subsidiary of, such specified Person, and (ii)
         Indebtedness secured by a Lien encumbering any asset acquired by such
         specified Person.

                  "Affiliate" of any specified Person means (i) any other Person
         directly or indirectly controlling or controlled by or under direct or
         indirect common control with such specified Person or (ii) any
         executive officer or director of such specified Person. For purposes of
         this definition, "control," as used with respect to any Person, shall
         mean the possession, directly or indirectly, of the power to direct or
         cause the direction of the management or policies of such Person,
         whether through the ownership of voting securities, by agreement or
         otherwise; provided that beneficial ownership of 10% or more of the
         Voting Stock of a Person shall be deemed to be control. For purposes of
         this definition, the terms "controlling," "controlled by" and "under
         common control with" shall have correlative meanings.

                  "Agent" means any Registrar, Paying Agent or co-registrar.

                  "Applicable Procedures" means, with respect to any transfer or
         exchange of or for beneficial interests in any Global Note, the rules
         and procedures of the Depositary, Euroclear and Clearstream that apply
         to such transfer or exchange.

                  "Asset Sale" means (i) the sale, lease, conveyance or other
         disposition of any assets or rights; provided that the sale, lease,
         conveyance or other disposition of all or substantially all of the
         assets of the Company and its Restricted Subsidiaries taken as a whole
         shall be governed by Section 4.16 and/or Section 5.01 and not by
         Section 4.11 hereof; and (ii) the issuance of Equity Interests by any
         of the Company's Restricted Subsidiaries or the sale by the Company or
         any Restricted Subsidiary of Equity Interests in any of its
         Subsidiaries. Notwithstanding the preceding, the following items shall
         be deemed not to be Asset

<PAGE>

         Sales: (i) any Qualifying Services Division Sale, provided that the
         Company or any Restricted Subsidiary receives consideration at the time
         of such Qualifying Services Division Sale at least equal to the fair
         market value of the assets or Equity Interests issued or sold or
         otherwise disposed of and such fair market value is determined by the
         Company's Board of Directors and evidenced by a resolution of the Board
         of Directors set forth in an Officers' Certificate delivered to the
         Trustee; (ii) any Qualifying USDS Sale, provided that the Company or
         any Restricted Subsidiary receives consideration at the time of such
         Qualifying USDS Sale at least equal to the fair market value of the
         assets or Equity Interests issued or sold or otherwise disposed of and
         such fair market value is determined by the Company's Board of
         Directors and evidenced by a resolution of the Board of Directors set
         forth in an Officers' Certificate delivered to the Trustee; (iii) any
         single transaction or series of related transactions that involves
         assets having a fair market value of less than $5.0 million; (iv) a
         transfer of assets between or among the Company and its Restricted
         Subsidiaries; (v) an issuance of Equity Interests by a Restricted
         Subsidiary to the Company or to another Restricted Subsidiary; (vi) the
         sale or lease of equipment, inventory, accounts receivable or other
         assets in the ordinary course of business; (vii) the sale or other
         disposition of Cash Equivalents; (viii) a Restricted Payment that is
         permitted by Section 4.10; and (ix) any sale or disposition of any
         property or equipment that has become damaged, worn out, obsolete or
         otherwise not useful or no longer used by the Company in connection
         with the business of the Company or its Restricted Subsidiaries.

                  "Attributable Debt" in respect of a sale and leaseback
         transaction means, at the time of determination, the present value of
         the obligation of the lessee for net rental payments during the
         remaining term of the lease included in such sale and leaseback
         transaction, including any period for which such lease has been
         extended or may, at the option of the lessor, be extended. Such present
         value shall be calculated using a discount rate equal to the rate of
         interest implicit in such transaction, determined in accordance with
         GAAP.

                  "Beneficial Owner" has the meaning assigned to such term in
         Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in
         calculating the beneficial ownership of any particular "person" (as
         that term is used in Section 13(d)(3) of the Exchange Act), such
         "person" shall be deemed to have beneficial ownership of all securities
         that such "person" has the right to acquire by conversion or exercise
         of other securities, whether such right is currently exercisable or is
         exercisable only upon the occurrence of a subsequent condition. The
         terms "Beneficially Owns" and "Beneficially Owned" shall have a
         corresponding meaning.

                  "Board of Directors" means (i) with respect to a corporation,
         the board of directors of the corporation; (ii) with respect to a
         partnership, the board of directors of the general partner of the
         partnership; and (iii) with respect to any other Person, the board or
         committee of such Person serving a similar function.

                  "Board Resolution" means, with respect to any Person, a copy
         of a resolution certified by the Secretary or an Assistant Secretary of
         such Person to have been duly adopted by the Board of Directors of such
         Person and to be in full force and effect on the date of such
         certification, and delivered to the Trustee.

                  "Broker-Dealer" has the meaning set forth in the Registration
         Rights Agreement.

         "Business Day" means any day on which the New York Stock Exchange, Inc.
         is open for trading and which is not a Legal Holiday.

                  "Capital Lease Obligation" means, at the time any
         determination thereof is to be made, the amount of the liability in
         respect of a capital lease that would at that time be required to be
         capitalized on a balance sheet in accordance with GAAP.

                  "Capital Stock" means (i) in the case of a corporation,
         corporate stock; (ii) in the case of an association or business entity,
         any and all shares, interests, participations, rights or other
         equivalents (however designated) of corporate stock; (iii) in the case
         of a partnership or limited liability company, partnership or
         membership interests (whether general or limited); and (iv) any other
         interest or participation

                                       2
<PAGE>

         that confers on a Person the right to receive a share of the profits
         and losses of, or distributions of assets of, the issuing Person.

                  "Cash Equivalents" means (i) United States dollars; (ii)
         securities issued or directly and fully guaranteed or insured by the
         United States government or any agency or instrumentality thereof
         (provided that the full faith and credit of the United States is
         pledged in support thereof) having maturities of not more than six
         months from the date of acquisition; (iii) certificates of deposit and
         eurodollar time deposits with maturities of six months or less from the
         date of acquisition, bankers' acceptances with maturities not exceeding
         six months and overnight bank deposits, in each case, with any domestic
         commercial bank having capital and surplus in excess of $500.0 million
         and a Thomson Bank Watch Rating of "B" or better; (iv) repurchase
         obligations with a term of not more than seven days for underlying
         securities of the types described in clauses (ii) and (iii) above
         entered into with any financial institution meeting the qualifications
         specified in clause (iii) above; (v) commercial paper having the
         highest rating obtainable from Moody's Investors Service, Inc. or
         Standard & Poor's, a division of the McGraw-Hill Companies, Inc. and in
         each case maturing within six months after the date of acquisition; and
         (vi) money market funds at least 95% of the assets of which constitute
         Cash Equivalents of the kinds described in clauses (i) through (v) of
         this definition.

                  "Change of Control" means the occurrence of any of the
         following: (i) the direct or indirect sale, transfer, conveyance or
         other disposition (other than by way of merger or consolidation), in
         one or a series of related transactions, of all or substantially all of
         the properties or assets of the Company and its Restricted
         Subsidiaries, taken as a whole, to any "person" (as that term is used
         in Section 13(d)(3) of the Exchange Act); (ii) the adoption of a plan
         relating to the liquidation or dissolution of the Company; (iii) any
         "person" or "group" (as such terms are used in Sections 13(d) and 14(d)
         of the Exchange Act) becomes the ultimate Beneficial Owner, directly or
         indirectly, of 50% or more of the voting power of the Voting Stock of
         the Company; (iv) the first day on which a majority of the members of
         the Board of Directors of the Company are not Continuing Directors; or
         (v) the Company consolidates with, or merges with or into, any Person,
         or any Person consolidates with, or merges with or into the Company, in
         any such event pursuant to a transaction in which any of the
         outstanding Voting Stock of the Company or such other Person is
         converted into or exchanged for cash, securities or other property,
         other than any such transaction where (A) the Voting Stock of the
         Company outstanding immediately prior to such transaction is converted
         into or exchanged for Voting Stock (other than Disqualified Stock) of
         the surviving or transferee Person constituting a majority of the
         outstanding shares of such Voting Stock of such surviving or transferee
         Person (immediately after giving effect to such issuance) and (B)
         immediately after such transaction, no "person" or "group" (as such
         terms are used in Section 13(d) and 14(d) of the Exchange Act) becomes,
         directly or indirectly, the beneficial owner (as defined above) of 50%
         or more of the voting power of all classes of Voting Stock of the
         Company.

                  "Clearstream" means Clearstream Banking, societe anonyme,
         Luxembourg or, as the context requires, its depositary, Citibank, N.A.,
         as operator of the Clearstream System.

                  "Commission" means the Securities and Exchange Commission.

                  "Company" means the party named as such above, until a
         successor replaces such Person in accordance with the terms of this
         Indenture, and thereafter means such successor.

                  "Consolidated Cash Flow" means, with respect to any specified
         Person for any period, the Consolidated Net Income of such Person for
         such period plus: (i) provision for taxes based on income or profits of
         such Person and its Restricted Subsidiaries for such period, to the
         extent that such provision for taxes was deducted in computing such
         Consolidated Net Income; plus (ii) Fixed Charges to the extent deducted
         in computing such Consolidated Net Income; plus (iii) depreciation,
         amortization (including amortization of goodwill and other intangibles
         but excluding amortization of prepaid cash expenses that were paid in a
         prior period) and other non-cash expenses (excluding any such non-cash
         expense to the extent that it represents an accrual of or reserve for
         cash expenses in any future period or amortization of a

                                       3
<PAGE>

         prepaid cash expense that was paid in a prior period) of such Person
         and its Subsidiaries for such period to the extent that such
         depreciation, amortization and other non-cash expenses were deducted in
         computing such Consolidated Net Income; minus (iv) non-cash items
         increasing such Consolidated Net Income for such period, other than the
         accrual of revenue consistent with past practice, in each case, on a
         consolidated basis and determined in accordance with GAAP.
         Notwithstanding the preceding, the provision for taxes based on the
         income or profits of, and the depreciation and amortization and other
         non-cash expenses of, a Restricted Subsidiary of the Company shall be
         added to Consolidated Net Income to compute Consolidated Cash Flow of
         the Company only to the extent that a corresponding amount would be
         permitted at the date of determination to be dividended to the Company
         by such Restricted Subsidiary without prior governmental approval (that
         has not been obtained), and without direct or indirect restriction
         pursuant to the terms of its charter and all agreements, instruments,
         judgments, decrees, orders, statutes, rules and governmental
         regulations applicable to that Subsidiary or its stockholders.

                  "Consolidated Net Income" means, with respect to any specified
         Person for any period, the aggregate of the Net Income of such Person
         and its Subsidiaries for such period, on a consolidated basis,
         determined in accordance with GAAP; provided that: (i) the Consolidated
         Net Income of the Company and its Subsidiaries for any period shall be
         deemed to include any extraordinary integration costs incurred in
         connection with acquisitions or divestitures and other non-recurring
         charges and costs to the extent such costs or charges were included in
         the computation of the Consolidated EBITDA (as defined in the Credit
         Agreement) of the Company for such period for the purposes of the
         Credit Agreement; (ii) the Net Income (but not loss) of any Person that
         is not a Restricted Subsidiary or that is accounted for by the equity
         method of accounting shall be included only to the extent of the amount
         of dividends or distributions paid in cash to the specified Person or a
         Wholly Owned Restricted Subsidiary thereof; (iii) the Net Income of any
         Restricted Subsidiary shall be excluded to the extent that the
         declaration or payment of dividends or similar distributions by that
         Restricted Subsidiary of that Net Income is not at the date of
         determination permitted without any prior governmental approval (that
         has not been obtained) or, directly or indirectly, by operation of the
         terms of its charter or any agreement, instrument, judgment, decree,
         order, statute, rule or governmental regulation applicable to that
         Restricted Subsidiary or its equityholders; (iv) the Net Income of any
         Person acquired during the specified period for any period prior to the
         date of such acquisition shall be excluded; (v) the cumulative effect
         of a change in accounting principles shall be excluded; and (vi) the
         Net Income (but not loss) of any Unrestricted Subsidiary shall be
         excluded, whether or not distributed to the specified Person or one of
         its Subsidiaries.

                  "Consolidated Net Tangible Assets" means the total amount of
         assets of any Person on a consolidated basis, including deferred
         pension costs, after deducting therefrom (i) all current liabilities
         (excluding any indebtedness classified as a current liability), (ii)
         all goodwill, tradenames, trademarks, patents, unamortized debt
         discount and financing costs and all other like intangible assets and
         (iii) appropriate adjustments on account of minority interests of other
         Persons holding shares of the Subsidiaries of such Person, all as set
         forth in the most recent balance sheet of such Person and its
         consolidated Subsidiaries, (but, in any event, as of a date within 150
         days of the date of determination) and computed in accordance with
         generally accepted accounting principles.

                  "Consolidated Net Worth" means, with respect to any specified
         Person as of any date, the sum of: (i) the consolidated equity of the
         common stockholders of such Person and its consolidated Restricted
         Subsidiaries as set forth on the most recently available quarterly or
         annual consolidated balance sheet of the Company and its Restricted
         Subsidiaries (which shall be as of a date not more than 90 days prior
         to the date of computation, and which shall not take into account
         Unrestricted Subsidiaries); plus (ii) the respective amounts reported
         on such Person's balance sheet as of such date with respect to any
         series of preferred stock (other than Disqualified Stock) that by its
         terms is not entitled to the payment of dividends unless such dividends
         may be declared and paid only out of net earnings in respect of the
         year of such declaration and payment, but only to the extent of any
         cash received by such Person upon issuance of such preferred stock.

                  "Continuing Directors" means, as of any date of determination,
         any member of the Board of Directors of the Company who: (i) was a
         member of such Board of Directors on the date hereof; or (ii) was

                                       4
<PAGE>

         nominated for election or elected to such Board of Directors with the
         approval of a majority of the Continuing Directors who were members of
         such Board at the time of such nomination or election.

                  "Credit Agreement" means that certain Credit Agreement, to be
         entered into on or within five days of the date hereof by and among the
         Company, Bank of America, N.A., as Administrative Agent and Arranger
         and the other lenders named therein, relating to a $60 million senior
         secured revolving credit facility, including any related letters of
         credit, notes, Guarantees, collateral documents, instruments and
         agreements executed in connection therewith, and in each case, as
         amended, restated, modified, renewed, refunded, replaced or refinanced
         from time to time by one or more credit facilities, in which case, the
         credit agreement or similar agreement together with all other documents
         and instruments related shall constitute the "Credit Agreement,"
         whether with the same or different agents and lenders.

                  "Credit Facilities" means, one or more debt facilities
         (including, without limitation, the Credit Agreement (and any hedging
         arrangements with the lenders thereunder or Affiliates of such lenders,
         secured by the collateral securing the Company's Obligations under the
         Credit Agreement) or commercial paper facilities, in each case with
         banks or other institutional lenders providing for revolving credit
         loans, term loans, receivables financing (including through the sale of
         receivables to such lenders or to special purpose entities formed to
         borrow from such lenders against such receivables) or letters of
         credit, in each case, as amended, restated, modified, renewed,
         refunded, replaced or refinanced in whole or in part from time to time
         by one or more of such facilities, whether with the same or different
         banks and lenders.

                  "Current Trading Price" means, with respect to any shares of
         Equity Interests, any sale price (regular way) quoted on the New York
         Stock Exchange, or any other national securities exchange or quotation
         system on which such Equity Interests are listed or quoted, on the
         applicable date of purchase, repurchase or redemption.

                  "Default" means any event that is, or with the passage of time
         or the giving of notice or both would be, an Event of Default.

                  "Definitive Note" means a certificated Note registered in the
         name of the Holder thereof and issued in accordance with Section 2.07
         hereof, substantially in the form of Exhibit A hereto, except that such
         Note shall not bear the Global Note Legend and shall not have the
         "Schedule of Exchanges of Interests in the Global Note" attached
         thereto.

                  "Depositary" means, with respect to the Notes issuable or
         issued in whole or in part in global form, the Person specified in
         Section 2.04 hereof as the depositary with respect to the Notes, and
         any and all successors thereto appointed as depositary hereunder and
         having become such pursuant to the applicable provision of this
         Indenture.

                  "Designated Senior Debt" means (i) any Indebtedness
         outstanding under the Credit Facilities, and (ii) after payment in full
         of all Obligations under the Credit Facilities, any other Senior Debt
         permitted under this Indenture the principal amount of which is $25.0
         million or more and that has been designated by the Company as
         "Designated Senior Debt."

                  "Discontinued Domestic Subsidiary" means any of the following
         Subsidiaries of the Company: (i) ArmorGroup North America, Inc., (ii)
         ArmorGroup Services, LLC, (iii) CDR International, Inc., (iv) U.S.
         Defense Systems, LLC, (v) O'Gara Security Associates, Inc., (vi) ITI
         Limited Partnership, (vii) International Training, Inc., (viii) Network
         Audit Systems, Inc., (ix) New Technologies Armor, Inc., (x) The Parvus
         Company, (xi) Parvus Crisis Management Corporation, and (xii) The
         Parvus International Information Company.

                  "Disqualified Stock" means any Capital Stock that, by its
         terms (or by the terms of any security into which it is convertible, or
         for which it is exchangeable, in each case at the option of the holder
         thereof), or upon the happening of any event, matures or is mandatorily
         redeemable, pursuant to a sinking fund

                                       5
<PAGE>

         obligation or otherwise, or redeemable at the option of the holder
         thereof, in whole or in part, on or prior to the date that is one year
         after the date on which the Notes mature. Notwithstanding the preceding
         sentence, any Capital Stock that would constitute Disqualified Stock
         solely because the holders thereof have the right to require the
         Company to repurchase such Capital Stock upon the occurrence of a
         change of control or an asset sale shall not constitute Disqualified
         Stock if the terms of such Capital Stock provide that the Company may
         not repurchase or redeem any such Capital Stock pursuant to such
         provisions unless and until the Company first complies with Section
         4.10. The term "Disqualified Stock" shall also include any options,
         warrants or other rights that are convertible into Disqualified Stock
         or that are redeemable at the option of the holder, or required to be
         redeemed, on or prior to the date that is one year after the date on
         which the Notes mature.

                  "Domestic Subsidiary" means any Subsidiary of the Company that
         was formed under the laws of the United States or any state thereof or
         the District of Columbia.

                  "Equity Interests" means Capital Stock and all warrants,
         options or other rights to acquire Capital Stock (but excluding any
         debt security that is convertible into, or exchangeable for, Capital
         Stock).

                  "Euroclear" means Euroclear Bank S.A./N.A. or, as the context
         requires, its depositary, Morgan Guaranty Trust Company of New York,
         Brussels office, as operator of the Euroclear System.

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

                  "Exchange Notes" means the Notes issued in the Exchange Offer
         in accordance with Section 2.07(f) hereof.

                  "Exchange Offer" has the meaning set forth in the Registration
         Rights Agreement.

                  "Exchange Offer Registration Statement" has the meaning set
         forth in the Registration Rights Agreement.

                  "Existing Indebtedness" means the aggregate principal amount
         of Indebtedness of the Company and its Subsidiaries (other than
         Indebtedness under the Credit Agreement and the Notes) in existence on
         the date hereof, until such amounts are repaid.

                  "fair market value" means the price that would be paid in an
         arm's-length transaction between an informed and willing seller under
         no compulsion to sell and an informed and willing buyer under no
         compulsion to buy, as determined in good faith by the Board of
         Directors, whose determination shall be conclusive if evidenced by a
         Board Resolution.

                  "Fixed Charges" means, with respect to any specified Person
         for any period, the sum, without duplication, of: (i) the consolidated
         interest expense of such Person and its Subsidiaries for such period,
         whether paid or accrued, including, without limitation, amortization of
         debt issuance costs and original issue discount, non-cash interest
         payments, the interest component of any deferred payment obligations,
         the interest component of all payments associated with Capital Lease
         Obligations, imputed interest with respect to Attributable Debt,
         commissions, discounts and other fees and charges incurred in respect
         of letter of credit or bankers' acceptance financings, and net of the
         effect of all payments made or received pursuant to Hedging
         Obligations; plus (ii) the consolidated interest of such Person and its
         Restricted Subsidiaries that was capitalized during such period; plus
         (iii) any interest expense on Indebtedness of another Person that is
         Guaranteed by such Person or one of its Restricted Subsidiaries or
         secured by a Lien on assets of such Person or one of its Restricted
         Subsidiaries, whether or not such Guarantee or Lien is called upon;
         plus (iv) the product of (a) all dividends, whether paid or accrued and
         whether or not in cash, on any series of Disqualified Stock or
         preferred stock of such Person or any of its Restricted Subsidiaries,
         other than dividends on Equity Interests payable solely in Equity
         Interests of the Company (other than Disqualified

                                       6
<PAGE>

         Stock) or to the Company or a Restricted Subsidiary of the Company,
         times (b) a fraction, the numerator of which is one and the denominator
         of which is one minus the then current combined federal, state and
         local statutory tax rate of such Person, expressed as a decimal, in
         each case, on a consolidated basis and in accordance with GAAP.

                  "Fixed Charge Coverage Ratio" means with respect to any
         specified Person for any period, the ratio of the Consolidated Cash
         Flow of such Person for such period to the Fixed Charges of such Person
         for such period. In the event that the specified Person or any of its
         Subsidiaries incurs, assumes, Guarantees, repays, repurchases or
         redeems any Indebtedness or issues, repurchases or redeems preferred
         stock subsequent to the commencement of the period for which the Fixed
         Charge Coverage Ratio is being calculated and on or prior to the date
         on which the event for which the calculation of the Fixed Charge
         Coverage Ratio is made (the "Calculation Date"), then the Fixed Charge
         Coverage Ratio shall be calculated giving pro forma effect to such
         incurrence, assumption, Guarantee, repayment, repurchase or redemption
         of Indebtedness, or such issuance, repurchase or redemption of
         preferred stock, and the use of the proceeds therefrom as if the same
         had occurred at the beginning of the applicable four-quarter reference
         period. In addition, for purposes of calculating the Fixed Charge
         Coverage Ratio: (i) acquisitions and dispositions of business entities
         or property and assets constituting a division or line of business of
         any Person that have been made by the specified Person or any of its
         Restricted Subsidiaries, including through mergers or consolidations
         and including any related financing transactions, during the
         four-quarter reference period or subsequent to such reference period
         and on or prior to the Calculation Date shall be given pro forma effect
         as if they had occurred on the first day of the four-quarter reference
         period and Consolidated Cash Flow for such reference period shall be
         calculated on a pro forma basis in accordance with Regulation S-X under
         the Exchange Act; (ii) the Consolidated Cash Flow attributable to
         discontinued operations, as determined in accordance with GAAP shall be
         excluded; (iii) the Fixed Charges attributable to discontinued
         operations, as determined in accordance with GAAP shall be excluded,
         but only to the extent that the obligations giving rise to such Fixed
         Charges will not be obligations of the specified Person or any of its
         Subsidiaries following the Calculation Date; and (iv) consolidated
         interest expense attributable to interest on any Indebtedness (whether
         existing or being incurred) computed on a pro forma basis and bearing a
         floating interest rate shall be computed as if the rate in effect on
         the Calculation Date (taking into account any interest rate option,
         swap, cap or similar agreement applicable to such Indebtedness if such
         agreement has a remaining term in excess of 12 months or, if shorter,
         at least equal to the remaining term of such Indebtedness) had been the
         applicable rate for the entire period.

                  "GAAP" means generally accepted accounting principles set
         forth in the opinions and pronouncements of the Accounting Principles
         Board of the American Institute of Certified Public Accountants, the
         opinions and pronouncements of the Public Company Accounting Oversight
         Board and in the statements and pronouncements of the Financial
         Accounting Standards Board or in such other statements by such other
         entity as have been approved by a significant segment of the accounting
         profession, which are in effect from time to time.

                  "Global Note Legend" means the legend set forth in Section
         2.07(g)(ii), which is required to be placed on all Global Notes issued
         under this Indenture.

                  "Global Notes" means, individually and collectively, each of
         the Restricted Global Notes and the Unrestricted Global Notes,
         substantially in the form of Exhibit A hereto, as appropriate, issued
         in accordance with Section 2.01 of this Indenture.

                  "Guarantee" means a guarantee, other than by endorsement of
         negotiable instruments for collection in the ordinary course of
         business, direct or indirect, in any manner including, without
         limitation, by way of a pledge of assets or through letters of credit
         or reimbursement agreements in respect thereof, of all or any part of
         any Indebtedness. The terms "guarantee" and "guaranteed" used as a verb
         shall have a correlative meaning.

                                       7
<PAGE>

                  "Hedging Obligations" means, with respect to any specified
         Person, the obligations of such Person under: (i) interest rate swap
         agreements, interest rate cap agreements, interest rate collar
         agreements and other agreements or arrangements designed to protect
         such Person against fluctuations in interest rates; (ii) commodity swap
         agreements, commodity option agreements, forward contracts and other
         agreements or arrangements designed to protect such Person against
         fluctuations in commodity prices; and (iii) foreign exchange contracts,
         currency swap agreements and other agreements or arrangements designed
         to protect such Person against fluctuations in foreign currency
         exchange rates.

                  "Holder" means a Person in whose name a Note is registered on
         the Registrar's books.

                  "incur" means, with respect to any Indebtedness, to incur,
         create, issue, assume, Guarantee or otherwise become directly or
         indirectly liable for or with respect to, or become responsible for,
         the payment of, contingently or otherwise, such Indebtedness; provided
         that (i) any Indebtedness of a Person existing at the time such Person
         becomes a Restricted Subsidiary shall be deemed to be incurred by such
         Restricted Subsidiary at the time it becomes a Restricted Subsidiary
         and (ii) neither the accrual of interest nor the accretion of original
         issue discount nor the payment of interest in the form of additional
         Indebtedness (to the extent provided for when the Indebtedness on which
         such interest is paid was originally issued) shall be considered an
         incurrence of Indebtedness.

                  "Indebtedness" means, without duplication, with respect to any
         specified Person, any indebtedness of such Person, whether or not
         contingent, in respect of: (i) borrowed money; (ii) evidenced by bonds,
         notes, debentures or similar instruments or letters of credit (or
         reimbursement agreements in respect thereof), but excluding obligations
         with respect to letters of credit (including trade letters of credit)
         securing obligations described in clause (v) below entered into in the
         ordinary course of business of such Person to the extent such letters
         of credit are not drawn upon or, if drawn upon, to the extent such
         drawing is reimbursed no later than the third Business Day following
         receipt by such Person of a demand for reimbursement; (iii) banker's
         acceptances; (iv) Capital Lease Obligations and Attributable Debt; (v)
         the balance deferred and unpaid of the purchase price of any property
         which purchase price is due more than six months after the date of
         placing such property in service or taking delivery and title thereto
         or the completion of such services, except any such balance that
         constitutes an accrued expense or trade payable; (vi) Hedging
         Obligations, other than Hedging Obligations that are incurred for the
         purpose of protecting the Company or its Restricted Subsidiaries
         against fluctuations in interest rates, commodity prices or foreign
         currency exchange rates, and not for speculative purposes, and that do
         not increase the Indebtedness of the obligor outstanding at any time
         other than as a result of fluctuations in interest rates, commodity
         prices or foreign currency exchange rates or by reason of fees,
         indemnifies and compensation payable thereunder; or (vii) Disqualified
         Stock valued at the greater of its voluntary or involuntary maximum
         fixed repurchase price plus accrued dividends. In addition, the term
         "Indebtedness" includes (x) all Indebtedness of others secured by a
         Lien on any asset of the specified Person (whether or not such
         Indebtedness is assumed by the specified Person), provided that the
         amount of such Indebtedness shall be the lesser of (A) the fair market
         value of such asset at such date of determination and (B) the amount of
         such Indebtedness, and (y) to the extent not otherwise included, the
         Guarantee by the specified Person of any Indebtedness of any other
         Person. For purposes hereof, the "maximum fixed repurchase price" of
         any Disqualified Stock which does not have a fixed repurchase price
         shall be calculated in accordance with the terms of such Disqualified
         Stock as if such Disqualified Stock were purchased on any date on which
         Indebtedness shall be required to be determined pursuant to this
         Indenture, and if such price is based upon, or measured by, the fair
         market value of such Disqualified Stock, such fair market shall be
         determined in good faith by the Board of Directors of the issuer of
         such Disqualified Stock. The amount of any Indebtedness outstanding as
         of any date shall be the outstanding balance at such date of all
         unconditional obligations as described above and, with respect to
         contingent obligations, the maximum liability upon the occurrence of
         the contingency giving rise to the obligation, and shall be: (i) the
         accreted value thereof, in the case of any Indebtedness issued with
         original issue discount; and (ii) the principal amount thereof,
         together with any interest thereon that is more than 30 days past due,
         in the case of any other Indebtedness; provided that the obligation to
         repay money borrowed and set aside at the time of the incurrence of any
         Indebtedness in order to pre-fund the payment of the interest on such
         Indebtedness shall be deemed not to be "Indebtedness" so long as such
         money is held to secure the payment of such interest.

                                       8
<PAGE>

                  "Indenture" means this Indenture, as amended or supplemented
         from time to time in accordance with the terms hereof.

                  "Indirect Participant" means a Person who holds a beneficial
         interest in a Global Note through a Participant.

                  "Institutional Accredited Investor" means an institution that
         is an "accredited investor" as defined in Rule 501(a)(1), (2), (3) or
         (7) under the Securities Act, who are not also QIBs.

                  "Initial Purchaser" means Wachovia Capital Markets, LLC.

                  "Investments" means, with respect to any Person, all direct or
         indirect investments by such Person in other Persons (including
         Affiliates) in the forms of loans or other extensions of credit
         (including Guarantees or other arrangements, but excluding advances to
         customers or suppliers in the ordinary course of business that are, in
         conformity with GAAP, recorded as accounts receivable, prepaid expenses
         or deposits on the balance sheet of the Company or its Restricted
         Subsidiaries and endorsements for collection or deposit arising in the
         ordinary course of business), advances (excluding commission, travel
         and similar advances to officers and employees made consistent with
         past practices), capital contributions (by means of any transfer of
         cash or other property to others or any payment for property or
         services for the account or use of others), purchases or other
         acquisitions for consideration of Indebtedness, Equity Interests or
         other securities, together with all items that are or would be
         classified as investments on a balance sheet prepared in accordance
         with GAAP. If the Company or any Restricted Subsidiary of the Company
         sells or otherwise disposes of any Equity Interests of any direct or
         indirect Restricted Subsidiary of the Company such that, after giving
         effect to any such sale or disposition, such Person is no longer a
         Restricted Subsidiary of the Company, the Company shall be deemed to
         have made an Investment on the date of any such sale or disposition
         equal to the fair market value of the Investment in such Restricted
         Subsidiary not sold or disposed of in an amount determined as provided
         in the final paragraph of Section 4.10. The acquisition by the Company
         or any Restricted Subsidiary of the Company of a Person that holds an
         Investment in a third Person shall be deemed to be an Investment by the
         Company or such Restricted Subsidiary in such third Person in an amount
         equal to the fair market value of the Investment held by the acquired
         Person in such third Person in an amount determined as provided in the
         final paragraph of Section 4.10.

                  "Issue Date" means the date hereof, which is the date on which
         the Notes are originally issued under this Indenture.

                  "Letter of Transmittal" means the Letter of Transmittal to be
         prepared by the Company and sent to all Holders of the Notes for use by
         such Holders in connection with the Exchange Offer.

                  "Lien" means, with respect to any asset, any mortgage, lien,
         pledge, charge, security interest or encumbrance of any kind in respect
         of such asset, whether or not filed, recorded or otherwise perfected
         under applicable law, including any conditional sale or other title
         retention agreement, any lease in the nature thereof, any option or
         other agreement to sell or give a security interest in and any filing
         of or agreement to give any financing statement under the Uniform
         Commercial Code (or equivalent statutes) of any jurisdiction.

                  "Maturity Date" means August 15, 2013.

                  "Net Income" means, with respect to any specified Person, the
         net income (loss) of such Person, determined in accordance with GAAP
         and before any reduction in respect of preferred stock dividends,
         excluding, however:

              (1) any gain (but not loss), together with any related
         provision for taxes on such gain (but not loss), realized in connection
         with: (a) any asset sale outside the ordinary course of business; or
         (b) the

                                       9
<PAGE>

         disposition of any securities by such Person or any of its Restricted
         Subsidiaries or the extinguishment of any Indebtedness of such Person
         or any of its Restricted Subsidiaries; and

              (2) any extraordinary gain (but not loss), together with any
         related provision for taxes on such extraordinary gain (but not loss).

                  "Net Proceeds" means the aggregate cash proceeds received by
         the Company or any of its Restricted Subsidiaries in respect of any
         Asset Sale (including, without limitation, any cash received upon the
         sale or other disposition of any non-cash consideration received in any
         Asset Sale), net of the direct costs relating to such Asset Sale,
         including, without limitation, legal, accounting and investment banking
         fees, and sales commissions, and any relocation expenses incurred as a
         result thereof, taxes paid or payable as a result thereof, in each
         case, after taking into account any available tax credits or deductions
         and any tax sharing arrangements, and amounts required to be applied to
         the repayment of Indebtedness, secured by a Lien on the asset or assets
         that were the subject of such Asset Sale and any reserve for adjustment
         in respect of the sale price of such asset or assets established in
         accordance with GAAP.

                  "Non-U.S. Person" means a Person who is not a U.S. Person.

                  "Notes" means the 8 1/4% Senior Subordinated Notes due 2013 of
         the Company initially issued on the date hereof. For all purposes of
         this Indenture, the term "Notes" shall include the Notes initially
         issued on the Issue Date, any Exchange Notes to be issued and exchanged
         for any Notes pursuant to the Registration Rights Agreement and this
         Indenture and any other Notes issued after the Issue Date under this
         Indenture. For purposes of this Indenture, all Notes shall vote
         together as one series of Notes under this Indenture.

                  "Notes Custodian" means the custodian with respect to a Global
         Note (as appointed by the Depositary), or any successor person thereto
         and shall initially be the Trustee.

                  "Obligations" means any principal, interest, penalties, fees,
         indemnifications, reimbursements, damages and other liabilities payable
         under the documentation governing any Indebtedness.

                  "Officer" means, with respect to any Person, the Chairman of
         the Board, the President, any Vice President, the Chief Operating
         Officer, the Chief Financial Officer, the Treasurer, the Controller,
         the Secretary or the Assistant Secretary of such Person.

                  "Officers' Certificate" means, with respect to any Person, a
         certificate signed by two Officers, one of which must be the principal
         executive, principal financial or principal accounting officer or a
         Vice President of such Person.

                  "Offshore Transaction" has the meaning set forth in Rule 902
         (h) of Regulation S.

                  "Opinion of Counsel" means a written opinion from legal
         counsel. The counsel may be an employee of or counsel to the Company
         (or any Subsidiary Guarantor, if applicable).

                  "Participant" means, with respect to the Depositary, Euroclear
         or Clearstream, a Person who has an account with the Depositary,
         Euroclear or Clearstream, respectively (and with respect to DTC, shall
         include Euroclear and Clearstream).

                  "Permitted Business" means any business conducted or proposed
         to be conducted (as described in the Company's Offering Memorandum
         dated August 6, 2003 related to the Notes) by the Company and its
         Restricted Subsidiaries on the date hereof and other businesses
         reasonably related or ancillary thereto.

                  "Permitted Investments" means (i) any Investment in the
         Company or in a Wholly Owned Restricted Subsidiary of the Company
         (including, without limitation, Guarantees of Obligations with respect

                                       10
<PAGE>

         to any Credit Facilities); (ii) any Investment in Cash Equivalents;
         (iii) any Investment by the Company or any Restricted Subsidiary of the
         Company in a Person, if as a result of such Investment, (a) such Person
         becomes a Wholly Owned Restricted Subsidiary of the Company; or (b)
         such Person is merged, consolidated or amalgamated with or into, or
         transfers or conveys substantially all of its assets to, or is
         liquidated into, the Company or a Wholly Owned Restricted Subsidiary of
         the Company; (iv) any Investment made as a result of the receipt of
         non-cash consideration from an Asset Sale that was made pursuant to and
         in compliance with Section 4.11 hereof; (v) Investments acquired solely
         in exchange for the issuance of Equity Interests (other than
         Disqualified Stock) of the Company; (vi) Hedging Obligations that are
         incurred for the purpose of protecting the Company or its Restricted
         Subsidiaries against fluctuations in interest rates, commodity prices
         or foreign currency exchange rates, and not for speculative purposes,
         and that do not increase the Indebtedness of the obligor outstanding at
         any time other than as a result of fluctuations in interest rates,
         commodity prices or foreign currency exchange rates or by reason of
         fees, indemnifies and compensation payable thereunder; (vii) other
         Investments in any Person that is not an Affiliate of the Company
         (other than a Wholly Owned Restricted Subsidiary of the Company) having
         an aggregate fair market value (measured on the date each such
         Investment was made and without giving effect to subsequent changes in
         value), when taken together with all other Investments made pursuant to
         this clause (vii) since the date hereof, not to exceed 5% of the
         Company's Consolidated Net Tangible Assets; and (viii) stock,
         obligations or securities received in satisfaction of judgments.

                  "Permitted Junior Securities" means (i) Equity Interests in
         the Company or any Subsidiary Guarantor or any other business entity
         provided for by a plan of reorganization, or (ii) debt securities of
         the Company or any Subsidiary Guarantor or any other business entity
         provided for by a plan of reorganization, in each case, that are
         subordinated to all Senior Debt and any debt securities issued in
         exchange for Senior Debt to substantially the same extent as, or to a
         greater extent than, the Notes and the Subsidiary Guarantees are
         subordinated to Senior Debt under this Indenture.

                  "Permitted Liens" means (i) Liens on the assets of the Company
         and any Subsidiary Guarantor securing Senior Debt that was permitted by
         the terms of this Indenture to be incurred; (ii) Liens in favor of the
         Company or any Restricted Subsidiary; (iii) Liens on property of a
         Person existing at the time such Person is merged with or into or
         consolidated with the Company or any Restricted Subsidiary of the
         Company (or any Lien on the proceeds from any sale, liquidation or
         other disposition of such property); provided that such Liens were in
         existence prior to the contemplation of such merger or consolidation
         and do not extend to any assets other than those of the Person merged
         into or consolidated with the Company or the Restricted Subsidiary;
         (iv) Liens on property existing at the time of acquisition thereof by
         the Company or any Restricted Subsidiary of the Company (or any Lien on
         the proceeds from any sale, liquidation or other disposition of such
         property), provided that such Liens were in existence prior to the
         contemplation of such acquisition and do not extend to any property
         other than the property so acquired by the Company or the Restricted
         Subsidiary; (v) Liens existing on the date hereof; (vi) in addition to
         all other Permitted Liens, Liens incurred in the ordinary course of
         business of the Company or any Restricted Subsidiary of the Company
         with respect to obligations that do not exceed $5.0 million at any one
         time outstanding; (vii) Liens to secure Indebtedness (including Capital
         Lease Obligations) permitted by clause 4 of the second paragraph of
         Section 4.09 covering only the assets acquired with such Indebtedness
         (or any Lien on the proceeds from any sale, liquidation or other
         disposition of such assets); (viii) statutory and common law Liens of
         landlords and carriers, warehousemen, mechanics, suppliers,
         materialmen, repairmen or other similar Liens arising in the ordinary
         course of business and with respect to amounts not yet delinquent or
         being contested in good faith by appropriate legal proceedings promptly
         instituted and diligently conducted and for which a reserve or other
         appropriate provision, if any, as shall be required in conformity with
         GAAP shall have been made (ix) Liens upon specific items of inventory
         or other goods and proceeds of any Person securing such Person's
         obligations in respect of bankers' acceptances issued or created for
         the account of such Person to facilitate the purchase, shipment or
         storage of such inventory or other goods; (x) Liens securing
         reimbursement obligations with respect to letters of credit and surety
         or performance bonds issued in the ordinary course of business,
         provided that such letters of credit or surety or performance bonds do
         not constitute Indebtedness; (xi) Liens for taxes, assessments or other
         governmental charges not yet subject to penalties for non-payment or
         which are being contested in good faith by appropriate proceedings
         provided appropriate reserves required pursuant to GAAP have been made
         in respect thereof; and (xii)

                                       11
<PAGE>

         encumbrances, easements or reservations of, or rights of others for,
         licenses, rights or way, sewers, electric lines, telegraph and
         telephone lines and other similar purposes, or zoning or other
         restrictions as to the use of real properties or liens incidental to
         the conduct of the business of such Person or to the ownership of its
         properties which do not in the aggregate materially adversely affect
         the value of the said properties or materially impair their use in the
         operation of the business of such Person.

                  "Permitted Refinancing Indebtedness" means any Indebtedness of
         the Company or any of its Restricted Subsidiaries issued in exchange
         for, or the net proceeds of which are used to extend, refinance, renew,
         replace, defease or refund other Indebtedness of the Company or any of
         its Restricted Subsidiaries (other than intercompany Indebtedness);
         provided that: (i) the principal amount (or accreted value, if
         applicable) of such Permitted Refinancing Indebtedness does not exceed
         the principal amount (or accreted value, if applicable) of the
         Indebtedness so extended, refinanced, renewed, replaced, defeased or
         refunded (plus all accrued interest thereon and the amount of any
         reasonably determined premium necessary to accomplish such refinancing
         and such reasonable expenses incurred in connection therewith); (ii)
         such Permitted Refinancing Indebtedness has a final maturity date later
         than the final maturity date of, and has a Weighted Average Life to
         Maturity equal to or greater than the Weighted Average Life to Maturity
         of, the Indebtedness being extended, refinanced, renewed, replaced,
         defeased or refunded; (iii) if the Indebtedness being extended,
         refinanced, renewed, replaced, defeased or refunded is subordinated in
         right of payment to the Notes or the Subsidiary Guarantees, such
         Permitted Refinancing Indebtedness has a final maturity date later than
         the final maturity date of, and is subordinated in right of payment to,
         the Notes on terms at least as favorable to the Holders of Notes as
         those contained in the documentation governing the Indebtedness being
         extended, refinanced, renewed, replaced, defeased or refunded; and (iv)
         if the Indebtedness being extended, refinanced, renewed, replaced,
         defeased or refunded is pari passu in right of payment to the Notes or
         the Subsidiary Guarantees, such Permitted Refinancing Indebtedness is
         pari passu or subordinated in right of payment to the Notes; and (v)
         such Indebtedness is incurred either by the Company or by the
         Restricted Subsidiary who is the obligor on the Indebtedness being
         extended, refinanced, renewed, replaced, defeased or refunded.

                  "Person" means any individual, corporation, partnership, joint
         venture, association, joint-stock company, trust, unincorporated
         organization, limited liability company or government or other entity.

                  "Private Placement Legend" means the legend set forth in
         Section 2.07(g)(i) to be placed on all Notes issued under this
         Indenture except where otherwise permitted by the provisions of this
         Indenture.

                  "Public Equity Offering" means an offer and sale of Capital
         Stock (other than Disqualified Stock) of the Company pursuant to a
         registration statement that has been declared effective by the
         Commission pursuant to the Securities Act (other than a registration
         statement on Form S-8 or otherwise relating to equity securities
         issuable under any employee benefit plan of the Company).

                  "QIB" means a "qualified institutional buyer" as defined under
         Rule 144A.

                  "Qualifying Services Division Sale" means any single
         transaction or series of related transactions involving the disposition
         of any of the Discontinued Domestic Subsidiaries or any other entities
         classified as held for sale and presented separately as discontinued
         operations in the Company's audited financial statements for the year
         ended and as of December 31, 2002 in accordance with Financial
         Accounting Standards No. 144 (as set forth in Schedule I hereto), in
         the case of each such entity, for so long as such entity is so held for
         sale and presented separately as discontinued operations.

                  "Qualifying USDS Sale" means any single transaction or series
         of related transactions involving the disposition of USDS, Inc. and its
         respective direct and indirect Subsidiaries as long as the Consolidated
         Net Income of such entities are excluded from the Consolidated Net
         Income of the Company for the purposes of the Indenture, provided that
         a determination by the Company to include the Consolidated Net Income
         of such entities in the Consolidated Net Income of the Company for the
         purposes of the Indenture shall be irrevocable.

                                       12
<PAGE>

                  "Registration Rights Agreement" means the Registration Rights
         Agreement dated August 12, 2003 among the Company, the Subsidiary
         Guarantors and the Initial Purchaser relating to the Notes initially
         issued hereunder on the date hereof, or any other Registration Rights
         Agreement executed in connection with Notes issued hereunder after the
         Issue Date, as the case may be.

                  "Regulation S" means Regulation S promulgated under the
         Securities Act.

                  "Regulation S Global Note" means a Regulation S Temporary
         Global Note or a Regulation S Permanent Global Note, as appropriate.

                  "Regulation S Permanent Global Note" means a permanent global
         Note in the form of Exhibit A-1 hereto bearing the Global Note Legend
         and the Private Placement Legend and deposited with or on behalf of and
         registered in the name of the Depositary or its nominee, issued in a
         denomination equal to the outstanding principal amount of the
         Regulation S Temporary Global Note upon expiration of the Restricted
         Period.

                  "Regulation S Temporary Global Note" means a temporary global
         Note in the form of Exhibit A-2 hereto bearing the Global Note Legend,
         the Private Placement Legend and the Temporary Regulation S Legend and
         deposited with or on behalf of and registered in the name of the
         Depositary or its nominee, issued in a denomination equal to the
         outstanding principal amount of the Notes initially sold in reliance on
         Rule 903.

                  "Representative" means the indenture trustee or other trustee,
         agent or representative in respect of any Senior Debt; provided that
         if, and for so long as, any such Indebtedness lacks such
         representative, then the Representative for such Senior Debt shall at
         all times constitute the holders of a majority in outstanding principal
         amount of such Indebtedness in respect of any Senior Debt.

                  "Replacement Assets" means (1) non-current tangible assets
         that will be used or useful in a Permitted Business or (2)
         substantially all the assets of a Permitted Business or a majority of
         the Voting Stock of any Person engaged in a Permitted Business that
         will become on the date of acquisition thereof a Restricted Subsidiary.

                  "Restricted Definitive Note" means a Definitive Note bearing
         the Private Placement Legend.

                  "Restricted Global Note" means a Global Note bearing the
         Private Placement Legend.

                  "Restricted Investment" means an Investment other than a
         Permitted Investment.

                  "Restricted Period" means the 40-day distribution compliance
         period as defined in Regulation S.

                  "Restricted Subsidiary" of a Person means any Subsidiary of
         the referent Person that is not an Unrestricted Subsidiary.

                  "Rule 144" means Rule 144 promulgated under the Securities
         Act.

                  "Rule 144A" means Rule 144A promulgated under the Securities
         Act.

                  "Rule 903" means Rule 903 promulgated under the Securities
         Act.

                  "Rule 904" means Rule 904 promulgated under the Securities
         Act.

                  "sale and leaseback transaction" means, with respect to any
         Person, any transaction involving any of the assets or properties of
         such Person whether now owned or hereafter acquired, whereby such
         Person sells or transfers such assets or properties and then or
         thereafter leases such assets or properties or any part

                                       13
<PAGE>

         thereof or any other assets or properties which such Person intends to
         use for substantially the same purpose or purposes as the assets or
         properties sold or transferred.

                  "Securities Act" means the Securities Act of 1933, as amended,
         and the rules and regulations promulgated thereunder.

                  "Senior Debt" means (i) all Indebtedness of the Company or any
         Subsidiary Guarantor outstanding under the Credit Facilities and all
         Hedging Obligations with respect thereto, (ii) any other Indebtedness
         (including, without limitation, Hedging Obligations) of the Company or
         any Subsidiary Guarantor permitted to be incurred under the terms of
         this Indenture, unless the instrument under which such Indebtedness is
         incurred expressly provides that it is on a parity with or subordinated
         in right of payment to the Notes or any Subsidiary Guarantee, and (iii)
         all other Obligations with respect to the items listed in the preceding
         clauses (i) and (ii). Notwithstanding anything to the contrary in the
         preceding, Senior Debt shall not include (i) any liability for federal,
         state, local or other taxes owed or owing by the Company or any
         Subsidiary Guarantor, (ii) any Indebtedness of the Company or any
         Subsidiary Guarantor to any Subsidiaries, other Affiliates of the
         Company or any Subsidiary Guarantor or, in the case of Indebtedness of
         any Subsidiary Guarantor, to the Company, (iii) any trade payables;
         (iv) the portion of any Indebtedness that is incurred in violation of
         this Indenture, (v) any Indebtedness of the Company or any Subsidiary
         Guarantor that, when incurred, was without recourse to the Company or
         such Subsidiary Guarantor, (vi) any repurchase, redemption or other
         Obligation in respect of Disqualified Stock or any rights with respect
         thereto, or (vii) any Indebtedness owed to any employee of the Company
         or any of its Subsidiaries.

                  "Shelf Registration Statement" has the meaning set forth in
         the Registration Rights Agreement.

                  "Significant Subsidiary" means any Restricted Subsidiary that
         would constitute a "significant subsidiary" as defined in Article 1,
         Rule 1-02 of Regulation S-X, promulgated pursuant to the Exchange Act,
         as such Regulation is in effect on the date hereof.

                  "Stated Maturity" means, with respect to any installment of
         interest or principal on any series of Indebtedness, the date on which
         such payment of interest or principal was scheduled to be paid in the
         original documentation governing such Indebtedness, and shall not
         include any contingent obligations to repay, redeem or repurchase any
         such interest or principal prior to the date originally scheduled for
         the payment thereof.

                  "Subsidiary" means, with respect to any specified Person: (i)
         any corporation, association or other business entity of which more
         than 50% of the total voting power of shares of Capital Stock entitled
         (without regard to the occurrence of any contingency) to vote in the
         election of directors, managers or trustees thereof is at the time
         owned or controlled, directly or indirectly, by such Person or one or
         more of the other Subsidiaries of that Person (or a combination
         thereof); and (ii) any partnership (a) the sole general partner or the
         managing general partner of which is such Person or a Subsidiary of
         such Person or (b) the only general partners of which are such Person
         or one or more Subsidiaries of such Person (or any combination
         thereof).

                  "Subsidiary Guarantee" means a Guarantee of the Company's
         payment obligations under the Notes by each Subsidiary Guarantor on a
         senior subordinated basis.

                  "Subsidiary Guarantor" means: (i) each direct or indirect
         Domestic Subsidiary of the Company as of the Issue Date that is a
         Restricted Subsidiary, other than USDS, Inc. and the Discontinued
         Domestic Subsidiaries; and (ii) after the Issue Date, each Discontinued
         Domestic Subsidiary and any other Subsidiary that executes a Subsidiary
         Guarantee in accordance with the provisions of this Indenture; and
         their respective successors and assigns until released from their
         obligations under their Subsidiary Guarantees and this Indenture in
         accordance with the terms of this Indenture.

                                       14
<PAGE>

                  "TIA" means the Trust Indenture Act of 1939 (15 U.S. Code
         Sections 77aaa-77bbbb) as in effect on the date hereof, except as
         provided in Section 9.03.

                  "Transfer Restricted Notes" means Definitive Notes and Notes
         that bear or are required to bear the legend set forth in Section
         2.06(d).

                  "Trust Officer" means, when used with respect to the Trustee,
         any officer within the corporate trust department of the Trustee,
         including any vice president, assistant vice president, assistant
         treasurer, trust officer or any other officer of the Trustee who
         customarily performs functions similar to those performed by the
         Persons who at the time shall be such officers, respectively, or to
         whom any corporate trust matter is referred because of such person's
         knowledge of and familiarity with the particular subject and who shall
         have direct responsibility for the administration of this Indenture.

                  "Trustee" means the party named as such above until a
         successor replaces it in accordance with the applicable provisions of
         this Indenture and thereafter means the successor.

                  "Unrestricted Definitive Note" means one or more Definitive
         Notes that do not bear and are not required to bear the Private
         Placement Legend.

                  "Unrestricted Global Note" means a permanent Global Note
         substantially in the form of Exhibit A attached hereto that bears the
         Global Note Legend and that has the "Schedule of Exchanges of Interests
         in the Global Note" attached thereto, and that is deposited with or on
         behalf of and registered in the name of the Depositary, representing a
         series of Notes that do not bear the Private Placement Legend.

                  "Unrestricted Subsidiary" means any Subsidiary of the Company
         that is designated by the Board of Directors as an Unrestricted
         Subsidiary pursuant to a Board Resolution in compliance with Section
         4.17 hereof and any Subsidiary of such Subsidiary.

                  "U.S. Government Obligations" means securities that are (i)
         direct obligations of the United States of America for the payment of
         which its full faith and credit is pledged or (ii) obligations of a
         Person controlled or supervised by and acting as an agency or
         instrumentality of the United States of America the payment of which is
         unconditionally guaranteed as a full faith and credit obligation by the
         United States of America, which, in either case under clauses (i) or
         (ii) are not callable or redeemable at the option of the issuer
         thereof.

                  "U.S. Legal Tender" means such coin or currency of the United
         States as at the time of payment shall be legal tender for the payment
         of public and private debts.

                  "U.S. Person" means a U.S. person as defined in Rule 902(k)
         under the Securities Act.

                  "Voting Stock" of any Person as of any date means the Capital
         Stock of such Person that is at the time entitled to vote in the
         election of the Board of Directors of such Person.

                  "Weighted Average Life to Maturity" means, when applied to any
         Indebtedness at any date, the number of years obtained by dividing: (i)
         the sum of the products obtained by multiplying (a) the amount of each
         then remaining installment, sinking fund, serial maturity or other
         required payments of principal, including payment at final maturity, in
         respect thereof, by (b) the number of years (calculated to the nearest
         one-twelfth) that will elapse between such date and the making of such
         payment; by (ii) the then outstanding principal amount of such
         Indebtedness.

                  "Wholly Owned Restricted Subsidiary" of any specified Person
         means a Restricted Subsidiary of such Person all of the outstanding
         Capital Stock or other ownership interests of which (other than
         directors' qualifying shares or Investments by foreign nationals
         mandated by applicable law) shall at the time be

                                       15
<PAGE>

         owned by such Person or by one or more Wholly Owned Restricted
         Subsidiaries of such Person and one or more Wholly Owned Restricted
         Subsidiaries of such Person.

Section 1.02. Other Definitions.

              Term Defined in Section

             "Affiliate Transaction"..............................    4.14

             "Asset Sale Offer"...................................    4.11

             "Authentication Order"...............................    2.02

             "Bankruptcy Law".....................................    6.01

             "Change of Control Offer "...........................    4.16

             "Change of Control Payment"..........................    4.16

             "Change of Control Payment Date".....................    4.16

             "Covenant Defeasance"................................    13.03

             "Custodian"..........................................    6.01

             "DTC"................................................    2.04

             "Event of Default"...................................    6.01

             "Excess Proceeds"....................................    4.11

             "Funding Guarantor"..................................    11.06

             "Legal Defeasance"...................................    13.02

             "Legal Holiday"......................................    14.07

             "nonpayment default".................................    10.03

             "Note Register"......................................    2.04

             "Paying Agent".......................................    2.04

             "Payment Blockage Notice"............................    10.03

             "Payment Restriction"................................    4.13

             "Permitted Debt".....................................    4.09

             "Registrar"..........................................    2.04

             "Restricted Payments"................................    4.10

                                       16
<PAGE>

             "Subsidiary nonpayment default"......................    12.03

             "Subsidiary Payment Blockage Notice".................    12.03

Section 1.03. Incorporation by Reference of Trust Indenture Act.

                  Whenever this Indenture refers to a provision of the TIA, the
         provision is incorporated by reference in and made a part of this
         Indenture. The following TIA terms, if used in this Indenture, have the
         following meanings:

                  "Commission" means the Commission.

                  "indenture securities" means the Notes and the Subsidiary
         Guarantees.

                  "indenture security holder" means a Holder.

                  "indenture to be qualified" means this Indenture.

                  "indenture trustee" or "institutional trustee" means the
         Trustee.

                  "obligor" on the indenture securities means the Company, the
         Subsidiary Guarantors and any other obligor on the Notes or the
         Subsidiary Guarantees.

                  All other TIA terms used in this Indenture that are defined by
         the TIA, defined by TIA reference to another statute or defined by
         Commission rule have the meanings assigned to them therein.

Section 1.04. Rules of Construction.

                  Unless the context otherwise requires:

                  (1) a term has the meaning assigned to it;

                  (2) an accounting term not otherwise defined has the meaning
         assigned to it in accordance with GAAP;

                  (3) "or" is not exclusive;

                  (4) words in the singular include the plural, and words in the
         plural include the singular;

                  (5) any gender used in this Indenture shall be deemed to
         include the neuter, masculine or feminine genders;

                  (6) provisions apply to successive events and transactions;
         and

                  (7) "herein," "hereof" and other words of similar import refer
         to this Indenture as a whole and not to any particular Article, Section
         or other Subdivision.

                                       17
<PAGE>

                                   ARTICLE TWO

                                    THE NOTES

Section 2.01. Form and Dating.

                  The Notes and the Trustee's certificate of authentication
         shall be substantially in the form of Exhibit A hereto, the terms of
         which are incorporated in and made a part of this Indenture. To the
         extent any provision of any Note conflicts with the express provision
         of this Indenture, the provisions of this Indenture shall control. The
         Notes may have such notations, legends or endorsements approved as to
         form by the Company and required, as applicable, by law, stock exchange
         rule, agreements to which the Company is subject and/or usage. The
         Notes shall be dated the date of their authentication. The Notes shall
         be issuable only in denominations of $1,000 principal amount and
         integral multiples thereof. The terms of the Notes set forth in Exhibit
         A are part of the terms of this Indenture.

         (a) Global Notes. Notes issued in global form shall be substantially in
the form of Exhibit A attached hereto (including the Global Note Legend thereon
and the "Schedule of Exchanges of Interests in the Global Note" attached
thereto). Notes issued in definitive form shall be substantially in the form of
Exhibit A attached hereto (but without the Global Note Legend thereon and
without the "Schedule of Exchanges of Interests in the Global Note" attached
thereto). Each Global Note shall represent such of the outstanding Notes as
shall be specified therein and each shall provide that it shall represent the
aggregate principal amount of outstanding Notes from time to time endorsed
thereon and that the aggregate principal amount of outstanding Notes represented
thereby may from time to time be reduced or increased, as appropriate, to
reflect exchanges and redemptions. Any endorsement of a Global Note to reflect
the amount of any increase or decrease in the aggregate principal amount of
outstanding Notes represented thereby shall be made by the Trustee in accordance
with instructions given by the Holder thereof as required by Section 2.07
hereof.

         (b) Euroclear and Clearstream Procedures Applicable. The provisions of
the "Operating Procedures of the Euroclear System" and "Terms and Conditions
Governing Use of Euroclear" of Euroclear and the "General Terms and Conditions
of Clearstream" and "Customer Handbook" of Clearstream shall be applicable to
transfers of beneficial interests in the Regulation S Global Notes that are held
by Participants through Euroclear or Clearstream.

Section 2.02. Execution and Authentication.

                  Two Officers of the Company shall sign the Notes for the
         Company, by manual or facsimile signature.

                  If an Officer of the Company whose signature is on a Note no
         longer holds that office at the time such Note is authenticated such
         Note shall be valid nevertheless.

                  A Note shall not be valid until authenticated by the manual
         signature of the Trustee. The signature of the Trustee shall be
         conclusive evidence that a Note has been authenticated in accordance
         with the terms of this Indenture.

                  The Trustee, upon a written order of the Company signed by two
         Officers of the Company (an "Authentication Order"), shall authenticate
         and deliver Notes for original issue in an aggregate principal amount
         specified in such order. Such Authentication Order shall specify the
         amount of the Notes to be authenticated and the date on which the
         original issue of Notes is to be authenticated. The aggregate principal
         amount of Notes which may be authenticated and delivered under this
         Indenture is unlimited.

                  The Trustee may appoint an authenticating agent acceptable to
         the Company to authenticate the Notes. Unless limited by the terms of
         such appointment, any such authenticating agent may authenticate the
         Notes whenever the Trustee may do so. Each reference in this Indenture
         to authentication by the Trustee

                                       18
<PAGE>

         includes authentication by such authenticating agent of the Trustee. An
         authenticating agent has the same rights as an Agent to deal with the
         Company or an Affiliate of the Company.

Section 2.03. Methods of Receiving Payments on the Notes.

                  If a Holder has given wire transfer instructions to the
         Company, the Company shall pay all principal, interest and premium, if
         any, on that Holder's Notes in accordance with those instructions. All
         other payments on Notes shall be made at the office or agency of the
         Paying Agent and Registrar within the City and State of New York, New
         York (which will initially be the corporate trust office of the Trustee
         at One Penn Plaza, Suite 1414, New York, New York 10119) or Charlotte,
         North Carolina (which will initially be the corporate trust office of
         the Trustee at 1525 West W.T. Harris Blvd (3C3), Charlotte, North
         Carolina 28288-1153) unless the Company elects to make interest
         payments by check mailed to the Holders at their addresses set forth in
         the register of Holders.

Section 2.04. Registrar and Paying Agent.

                  The Company shall maintain (i) an office or agency where the
         Notes may be presented for registration of transfer or for exchange
         (including any co-registrar, the "Registrar"); and (ii) an office or
         agency where the Notes may be presented for payment ("Paying Agent").
         The Registrar shall keep a register of the Holders of Notes and of the
         transfer and exchange of such Notes (the "Note Register"). The Company
         may appoint one or more co-registrars and one or more additional paying
         agents. The term "Paying Agent" shall include any such additional
         paying agent. The Company may change any Paying Agent, Registrar or
         co-registrar without prior notice to any Holder of a Note. The Company
         shall notify the Trustee and the Trustee shall, at the Company's
         expense, notify the Holders of the Notes of the name and address of any
         Agent not a party to this Indenture. The Company or any of its
         domestically incorporated Wholly Owned Subsidiaries may act as Paying
         Agent, Registrar or co-registrar. The Company shall enter into an
         appropriate agency agreement with any Agent not a party to this
         Indenture, which shall incorporate the provisions of the TIA. Any such
         agency agreement shall implement the provisions of this Indenture that
         relate to such Agent. If the Company fails to maintain a Registrar or
         Paying Agent, or fails to give the foregoing notice, the Trustee shall
         act as such, as appropriate, and shall be entitled to appropriate
         compensation in accordance with Section 7.07.

                  The Company initially appoints The Depository Trust Company
         ("DTC") to act as Depositary with respect to the Global Notes.

                  The Company initially appoints the Trustee to act as (i)
         Registrar and Paying Agent, (ii) Note Custodian with respect to the
         Global Notes and (iii) agent for service of notices and demands in
         connection with the Notes.

Section 2.05. Paying Agent to Hold Money in Trust.

                  On or prior to each due date of the principal of, premium, if
         any, and interest on any Note, the Company shall deposit with the
         Paying Agent a sum sufficient to pay such principal, premium, if any,
         and interest when so becoming due. The Company shall require each
         Paying Agent (other than the Trustee) to agree in writing that the
         Paying Agent shall hold in trust for the benefit of the Holders of the
         Notes or the Trustee all money held by the Paying Agent for the payment
         of principal of, premium, if any, and interest on the Notes, and shall
         notify the Trustee of any Default by the Company in making any such
         payment. While any such Default continues, the Trustee may require a
         Paying Agent to pay all money held by it to the Trustee and to account
         for any funds disbursed. The Company at any time may require a Paying
         Agent to pay all money held by it to the Trustee. Upon payment over to
         the Trustee and accounting for any funds disbursed, the Paying Agent
         (if other than the Company or one of its wholly owned Subsidiaries)
         shall have no further liability for the money delivered to the Trustee.
         If the Company or one of its wholly owned Subsidiaries acts as Paying
         Agent, it shall segregate and hold in a separate trust fund for the
         benefit of the Holders of the Notes all money held by it as Paying
         Agent.

                                       19
<PAGE>

Section 2.06. Lists of Holders of Notes.

                  The Trustee shall preserve in as current a form as is
         reasonably practicable the most recent list available to it of the
         names and addresses of the Holders of Notes. If the Trustee is not the
         Registrar, the Company shall furnish or cause to be furnished to the
         Trustee at least seven Business Days before each interest payment date
         and at such other times as the Trustee may request in writing a list in
         such form and as of such date as the Trustee may reasonably require of
         the names and addresses of the Holders of Notes, including the
         aggregate principal amount of Notes held by each such Holder of Notes.

Section 2.07. Transfer and Exchange.

         (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred as a whole except by the Depositary to a nominee of the Depositary,
by a nominee of the Depositary to the Depositary or to another nominee of the
Depositary, or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary. All Global Notes shall be exchanged
by the Company for Definitive Notes if:

                  (i)        the Company delivers to the Trustee notice from the
         Depositary that it is unwilling or unable to continue to act as
         Depositary or that it is no longer a clearing agency registered under
         the Exchange Act and, in either case, a successor Depositary is not
         appointed by the Company within 120 days after the date of such notice
         from the Depositary;

                  (ii)       the Company in its sole discretion determines that
         the Global Notes (in whole but not in part) should be exchanged for
         Definitive Notes and delivers a written notice to such effect to the
         Trustee , provided that in no event shall the Regulation S Temporary
         Global Note be exchanged by the Company for Definitive Notes prior to
         (x) the expiration of the Restricted Period and (y) the receipt by the
         Registrar of any certificates required pursuant to Rule 903; or

                  (iii)      there shall have occurred and be continuing a
         Default or Event of Default with respect to the Notes.

                  Upon the occurrence of either of the preceding events in (i),
         (ii) or (iii) above, Definitive Notes shall be issued in such names as
         the Depositary shall instruct the Trustee. Global Notes also may be
         exchanged or replaced, in whole or in part, as provided in Sections
         2.08 and 2.10 hereof. Except as otherwise provided above in this
         Section 2.07(a), every Note authenticated and delivered in exchange
         for, or in lieu of, a Global Note or any portion thereof, pursuant to
         this Section 2.07 or Section 2.08 or 2.10 hereof, shall be
         authenticated and delivered in the form of, and shall be, a Global
         Note. A Global Note may not be exchanged for another Note other than as
         provided in this Section 2.07(a), however, beneficial interests in a
         Global Note may be transferred and exchanged as provided in Section
         2.07(b), (c) or (f) hereof.

         (b) Transfer and Exchange of Beneficial Interests in the Global Notes.
The transfer and exchange of beneficial interests in the Global Notes shall be
effected through the Depositary, in accordance with the provisions of this
Indenture and the Applicable Procedures. Beneficial interests in the Restricted
Global Notes shall be subject to restrictions on transfer comparable to those
set forth herein to the extent required by the Securities Act. Transfers of
beneficial interests in the Global Notes also shall require compliance with
either subparagraph (i) or (ii) below, as applicable, as well as one or more of
the other following subparagraphs, as applicable:

                  (i)        Transfer of Beneficial Interests in the Same Global
         Note. Beneficial interests in any Restricted Global Note may be
         transferred to Persons who take delivery thereof in the form of a
         beneficial interest in the same Restricted Global Note in accordance
         with the transfer restrictions set forth in the Private Placement
         Legend; provided, however, that prior to the expiration of the
         Restricted Period, transfers of beneficial interests in the Regulation
         S Temporary Global Note may not be made to a U.S. Person or for the
         account or benefit of a U.S. Person (other than the Initial Purchaser).
         Beneficial interests in any Unrestricted Global Note may be transferred
         to Persons who take delivery thereof in the form of a

                                       20
<PAGE>

         beneficial interest in an Unrestricted Global Note. No written orders
         or instructions shall be required to be delivered to the Registrar to
         effect the transfers described in this Section 2.07(b)(i).

                  (ii)       All Other Transfers and Exchanges of Beneficial
         Interests in Global Notes. In connection with all transfers and
         exchanges of beneficial interests that are not subject to Section
         2.07(b)(i) above, the transferor of such beneficial interest must
         deliver to the Registrar either (A) (1) a written order from a
         Participant or an Indirect Participant given to the Depositary in
         accordance with the Applicable Procedures directing the Depositary to
         credit or cause to be credited a beneficial interest in another Global
         Note in an amount equal to the beneficial interest to be transferred
         or exchanged and (2) instructions given in accordance with the
         Applicable Procedures containing information regarding the Participant
         account to be credited with such increase or (B) (1) a written order
         from a Participant or an Indirect Participant given to the Depositary
         in accordance with the Applicable Procedures directing the Depositary
         to cause to be issued a Definitive Note in an amount equal to the
         beneficial interest to be transferred or exchanged and (2)
         instructions given by the Depositary to the Registrar containing
         information regarding the Person in whose name such Definitive Note
         shall be registered to effect the transfer or exchange referred to in
         (1) above provided that in no event shall Definitive Notes be issued
         upon the transfer or exchange of beneficial interests in the
         Regulation S Temporary Global Note prior to (x) the expiration of the
         Restricted Period and (y) the receipt by the Registrar of any
         certificates required pursuant to Rule 903. Upon consummation of an
         Exchange Offer by the Company in accordance with Section 2.07(f)
         hereof, the requirements of this Section 2.07(b)(ii) shall be deemed
         to have been satisfied upon receipt by the Registrar of the
         instructions contained in the Letter of Transmittal delivered by the
         Holder of such beneficial interests in the Restricted Global Notes.
         Upon satisfaction of all of the requirements for transfer or exchange
         of beneficial interests in Global Notes contained in this Indenture
         and the Notes or otherwise applicable under the Securities Act, the
         Trustee shall adjust the principal amount at maturity of the relevant
         Global Notes pursuant to Section 2.07(h) hereof.

                  (iii)      Transfer of Beneficial Interests in a Restricted
         Global Note to Another Restricted Global Note. A beneficial interest
         in any Restricted Global Note may be transferred to a Person who takes
         delivery thereof in the form of a beneficial interest in another
         Restricted Global Note if the transfer complies with the requirements
         of Section 2.07(b)(ii) above and the Registrar receives the following:

                           (A) if the transferee shall take delivery in the form
                  of a beneficial interest in the 144A Global Note, then the
                  transferor must deliver a certificate in the form of Exhibit B
                  hereto, including the certifications in item (1) thereof; and

                           (B) if the transferee shall take delivery in the form
                  of a beneficial interest in the Regulation S Global Note, then
                  the transferor must deliver a certificate in the form of
                  Exhibit B hereto, including the certifications in item (2)
                  thereof.

                  (iv)       Transfer and Exchange of Beneficial Interests in a
         Restricted Global Note for Beneficial Interests in the Unrestricted
         Global Note. A beneficial interest in any Restricted Global Note may be
         exchanged by any Holder thereof for a beneficial interest in an
         Unrestricted Global Note or transferred to a Person who takes delivery
         thereof in the form of a beneficial interest in an Unrestricted Global
         Note if the exchange or transfer complies with the requirements of
         Section 2.07(b)(ii) above and:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the Holder of the beneficial interest to be
                  transferred, in the case of an exchange, or the transferee, in
                  the case of a transfer, certifies in the applicable Letter of
                  Transmittal that it is not (1) a Broker-Dealer, (2) a Person
                  participating in the distribution of the Exchange Notes or (3)
                  a Person who is an affiliate (as defined in Rule 144) of the
                  Company;

                           (B) such transfer is effected pursuant to the Shelf
                  Registration Statement in accordance with the Registration
                  Rights Agreement;

                                       21
<PAGE>

                           (C) such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (1) if the Holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           exchange such beneficial interest for a beneficial
                           interest in an Unrestricted Global Note, a
                           certificate from such Holder in the form of Exhibit C
                           hereto, including the certifications in item (1)(a)
                           thereof; or

                                    (2) if the Holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           transfer such beneficial interest to a Person who
                           shall take delivery thereof in the form of a
                           beneficial interest in an Unrestricted Global Note, a
                           certificate from such Holder in the form of Exhibit B
                           hereto, including the certifications in item (4)
                           thereof;

                           and, in each such case set forth in this subparagraph
                  (D), if the Registrar so requests or if the Applicable
                  Procedures so require, an Opinion of Counsel in form
                  reasonably acceptable to the Registrar to the effect that such
                  exchange or transfer is in compliance with the Securities Act
                  and that the restrictions on transfer contained herein and in
                  the Private Placement Legend are no longer required in order
                  to maintain compliance with the Securities Act.

                  If any such transfer is effected pursuant to subparagraph (B)
         or (D) above at a time when an Unrestricted Global Note has not yet
         been issued, the Company shall issue and, upon receipt of an
         Authentication Order in accordance with Section 2.02 hereof, the
         Trustee shall authenticate one or more Unrestricted Global Notes in an
         aggregate principal amount equal to the aggregate principal amount of
         beneficial interests transferred pursuant to subparagraph (B) or (D)
         above.

                  Beneficial interests in an Unrestricted Global Note cannot be
         exchanged for, or transferred to Persons who take delivery thereof in
         the form of, a beneficial interest in a Restricted Global Note.

         (c) Transfer or Exchange of Beneficial Interests for Definitive Notes.

                  (i)        Beneficial Interests in Restricted Global Notes to
         Restricted Definitive Notes. If any Holder of a beneficial interest in
         a Restricted Global Note proposes to exchange such beneficial interest
         for a Restricted Definitive Note or to transfer such beneficial
         interest to a Person who takes delivery thereof in the form of a
         Restricted Definitive Note, then, upon receipt by the Registrar of the
         following documentation:

                           (A) if the Holder of such beneficial interest in a
                  Restricted Global Note proposes to exchange such beneficial
                  interest for a Restricted Definitive Note, a certificate from
                  such Holder in the form of Exhibit C hereto, including the
                  certifications in item (2)(a) thereof;

                           (B) if such beneficial interest is being transferred
                  to a QIB in accordance with Rule 144A under the Securities
                  Act, a certificate to the effect set forth in Exhibit B
                  hereto, including the certifications in item (1) thereof;

                           (C) if such beneficial interest is being transferred
                  to a Non-U.S. Person in an offshore transaction in accordance
                  with Rule 903 or Rule 904 under the Securities Act, a
                  certificate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (2) thereof;

                                       22
<PAGE>

                           (D) if such beneficial interest is being transferred
                  pursuant to an exemption from the registration requirements of
                  the Securities Act in accordance with Rule 144, a certificate
                  to the effect set forth in Exhibit B hereto, including the
                  certifications in item (3)(a) thereof;

                           (E) if such beneficial interest is being transferred
                  to an Institutional Accredited Investor in reliance on an
                  exemption from the registration requirements of the Securities
                  Act other than those listed in subparagraphs (B) and (C)
                  above, a certificate to the effect set forth in Exhibit B
                  hereto, including the certifications, certificates and Opinion
                  of Counsel required by item (3)(d) thereof, if applicable; or

                           (F) if such beneficial interest is being transferred
                  to the Company or any of its Subsidiaries, a certificate to
                  the effect set forth in Exhibit B hereto, including the
                  certifications in item (3)(b) thereof; or

                           (G) if such beneficial interest is being transferred
                  pursuant to an effective registration statement under the
                  Securities Act, a certificate to the effect set forth in
                  Exhibit B hereto, including the certifications in item (3)(c)
                  thereof,

the Trustee shall cause the aggregate principal amount of the applicable Global
Note to be reduced accordingly pursuant to Section 2.07(h) hereof, and the
Company shall execute and the Trustee shall authenticate and deliver to the
Person designated in the instructions a Definitive Note in the appropriate
principal amount. Any Definitive Note issued in exchange for a beneficial
interest in a Restricted Global Note pursuant to this Section 2.07(c) shall be
registered in such name or names and in such authorized denomination or
denominations as the Holder of such beneficial interest shall instruct the
Registrar through instructions from the Depositary and the Participant or
Indirect Participant. The Trustee shall deliver such Definitive Notes to the
Persons in whose names such Notes are so registered. Any Definitive Note issued
in exchange for a beneficial interest in a Restricted Global Note pursuant to
this Section 2.07(c)(i) shall bear the Private Placement Legend and shall be
subject to all restrictions on transfer contained therein.

                  (ii)       Beneficial Interests in Restricted Global Notes to
         Unrestricted Definitive Notes. A Holder of a beneficial interest in a
         Restricted Global Note may exchange such beneficial interest for an
         Unrestricted Definitive Note or may transfer such beneficial interest
         to a Person who takes delivery thereof in the form of an Unrestricted
         Definitive Note only if Definitive Notes are being or have been issued
         in accordance with Section 2.07(a) and only if:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the Holder of such beneficial interest, in the
                  case of an exchange, or the transferee, in the case of a
                  transfer, certifies in the applicable Letter of Transmittal
                  that it is not (1) a Broker-Dealer, (2) a Person participating
                  in the distribution of the Exchange Notes or (3) a Person who
                  is an affiliate (as defined in Rule 144) of the Company;

                           (B) such transfer is effected pursuant to the Shelf
                  Registration Statement in accordance with the Registration
                  Rights Agreement;

                           (C) such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (1) if the Holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           exchange such beneficial interest for a Definitive
                           Note that does not bear the Private Placement Legend,
                           a certificate from such Holder in the form of Exhibit
                           C hereto, including the certifications in item (1)(b)
                           thereof; or

                                       23
<PAGE>

                                    (2) if the Holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           transfer such beneficial interest to a Person who
                           shall take delivery thereof in the form of a
                           Definitive Note that does not bear the Private
                           Placement Legend, a certificate from such Holder in
                           the form of Exhibit B hereto, including the
                           certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so
requests or if the Applicable Procedures so require, an Opinion of Counsel in
form reasonably acceptable to the Registrar to the effect that such exchange or
transfer is in compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act.

                  (iii)      Beneficial Interests in Unrestricted Global Notes
         to Unrestricted Definitive Notes. If any Holder of a beneficial
         interest in an Unrestricted Global Note proposes to exchange such
         beneficial interest for a Definitive Note or to transfer such
         beneficial interest to a Person who takes delivery thereof in the form
         of a Definitive Note, then, upon satisfaction of the conditions set
         forth in Section 2.07(b)(ii) hereof, the Trustee shall cause the
         aggregate principal amount of the applicable Global Note to be reduced
         accordingly pursuant to Section 2.07(h) hereof, and the Company shall
         execute and the Trustee shall authenticate and deliver to the Person
         designated in the instructions a Definitive Note in the appropriate
         principal amount. Any Definitive Note issued in exchange for a
         beneficial interest pursuant to this Section 2.07(c)(iii) shall be
         registered in such name or names and in such authorized denomination
         or denominations as the Holder of such beneficial interest shall
         instruct the Registrar through instructions from the Depositary and
         the Participant or Indirect Participant. The Trustee shall deliver
         such Definitive Notes to the Persons in whose names such Notes are so
         registered. Any Definitive Note issued in exchange for a beneficial
         interest pursuant to this Section 2.07(c)(iii) shall not bear the
         Private Placement Legend.

                  (iv)       Beneficial Interests in Regulation S Temporary
         Global Note to Definitive Notes. Notwithstanding Sections 2.07(c)(i)(A)
         and (C), a beneficial interest in the Regulation S Temporary Global
         Note may not be exchanged for a Definitive Note or transferred to a
         Person who takes delivery thereof in the form of a Definitive Note
         prior to (x) the expiration of the Restricted Period, (y) the receipt
         by the Registrar of any certificates required pursuant to Rule 903,
         except in the case of a transfer pursuant to an exemption from the
         registration requirements of the Securities Act other than Rule 903 or
         Rule 904, and (z) receipt by the Trustee of written certification from
         the Company (based upon evidence received by the Company and reasonably
         acceptable to it) certifying delivery to the Trustee of all
         certificates required pursuant to clause (y) above.

         (d) Transfer and Exchange of Definitive Notes for Beneficial Interests.

                  (i)         Restricted Definitive Notes to Beneficial
         Interests in Restricted Global Notes. If any Holder of a Restricted
         Definitive Note proposes to exchange such Note for a beneficial
         interest in a Restricted Global Note or to transfer such Restricted
         Definitive Notes to a Person who takes delivery thereof in the form of
         a beneficial interest in a Restricted Global Note, then, upon receipt
         by the Registrar of the following documentation:

                           (A) if the Holder of such Restricted Definitive Note
                  proposes to exchange such Note for a beneficial interest in a
                  Restricted Global Note, a certificate from such Holder in the
                  form of Exhibit C hereto, including the certifications in item
                  (2)(b) thereof;

                           (B) if such Restricted Definitive Note is being
                  transferred to a QIB in accordance with Rule 144A under the
                  Securities Act, a certificate to the effect set forth in
                  Exhibit B hereto, including the certifications in item (1)
                  thereof; or

                           (C) if such Restricted Definitive Note is being
                  transferred to a Non-U.S. Person in an offshore transaction in
                  accordance with Rule 903 or Rule 904 under the Securities Act,
                  a certificate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (2) thereof;

                                       24
<PAGE>

                           (D) if such Restricted Definitive Note is being
                  transferred pursuant to an exemption from the registration
                  requirements of the Securities Act in accordance with Rule
                  144, a certficate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (3)(a) thereof;

                           (E) if such Restricted Definitive Note is being
                  transferred to an Institutional Accredited Investor in
                  reliance on an exemption from the registration requirements of
                  the Securities Act other than those listed in subparagraphs
                  (B) through (D) above, a certificate to the effect set forth
                  in Exhibit B hereto, including the certifications,
                  certificates and Opinion of Counsel required by item (3)(d)
                  thereof, if applicable;

                           (F) if such Restricted Definitive Note is being
                  transferred to the Company or any of its Subsidiaries, a
                  certificate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (3)(b) thereof; or

                           (G) if such Restricted Definitive Note is being
                  transferred pursuant to an effective registration statement
                  under the Securities Act, a certificate to the effect set
                  forth in Exhibit B hereto, including the certifications in
                  item (3)(c) thereof,

the Trustee shall cancel the Restricted Definitive Note and increase or cause to
be increased the aggregate principal amount of the applicable Restricted Global
Note.

                  (ii)       Restricted Definitive Notes to Beneficial Interests
         in Unrestricted Global Notes. A Holder of a Restricted Definitive Note
         may exchange such Note for a beneficial interest in an Unrestricted
         Global Note or transfer such Restricted Definitive Note to a Person who
         takes delivery thereof in the form of a beneficial interest in an
         Unrestricted Global Note only if:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the Holder, in the case of an exchange, or the
                  transferee, in the case of a transfer, certifies in the
                  applicable Letter of Transmittal that it is not (1) a
                  Broker-Dealer, (2) a Person participating in the distribution
                  of the Exchange Notes or (3) a Person who is an affiliate (as
                  defined in Rule 144) of the Company;

                           (B) such transfer is effected pursuant to the Shelf
                  Registration Statement in accordance with the Registration
                  Rights Agreement;

                           (C) such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (1) if the Holder of such Definitive Notes
                           proposes to exchange such Notes for a beneficial
                           interest in the Unrestricted Global Note, a
                           certificate from such Holder in the form of Exhibit C
                           hereto, including the certifications in item (1)(c)
                           thereof; or

                                    (2) if the Holder of such Definitive Notes
                           proposes to transfer such Notes to a Person who shall
                           take delivery thereof in the form of a beneficial
                           interest in the Unrestricted Global Note, a
                           certificate from such Holder in the form of Exhibit B
                           hereto, including the certifications in item (4)
                           thereof;

                  and, in each such case set forth in this subparagraph (D), if
                  the Registrar so requests or if the Applicable Procedures so
                  require, an Opinion of Counsel in form reasonably acceptable
                  to the Registrar to the effect that such exchange or transfer
                  is in compliance with the Securities Act and that the
                  restrictions on transfer contained herein and in the

                                       25
<PAGE>

                  Private Placement Legend are no longer required in order to
                  maintain compliance with the Securities Act.

                  Upon satisfaction of the conditions of any of the
         subparagraphs in this Section 2.07(d)(ii), the Trustee shall cancel the
         Definitive Notes and increase or cause to be increased the aggregate
         principal amount of the Unrestricted Global Note.

                  (iii)      Unrestricted Definitive Notes to Beneficial
         Interests in Unrestricted Global Notes. A Holder of an Unrestricted
         Definitive Note may exchange such Note for a beneficial interest in an
         Unrestricted Global Note or transfer such Definitive Notes to a Person
         who takes delivery thereof in the form of a beneficial interest in an
         Unrestricted Global Note at any time. Upon receipt of a request for
         such an exchange or transfer, the Trustee shall cancel the applicable
         Unrestricted Definitive Note and increase or cause to be increased the
         aggregate principal amount of one of the Unrestricted Global Notes.

                  If any such exchange or transfer from a Definitive Note to a
         beneficial interest is effected pursuant to subparagraphs (ii)(B),
         (ii)(D) or (iii) above at a time when an Unrestricted Global Note has
         not yet been issued, the Company shall issue and, upon receipt of an
         Authentication Order in accordance with Section 2.02 hereof, the
         Trustee shall authenticate one or more Unrestricted Global Notes in an
         aggregate principal amount equal to the principal amount of Definitive
         Notes so transferred.

         (e) Transfer and Exchange of Definitive Notes for Definitive Notes.
Upon request by a Holder of Definitive Notes and such Holder's compliance with
the provisions of this Section 2.07(e), the Registrar shall register the
transfer or exchange of Definitive Notes. Prior to such registration of transfer
or exchange, the requesting Holder shall present or surrender to the Registrar
the Definitive Notes duly endorsed or accompanied by a written instruction of
transfer in form satisfactory to the Registrar duly executed by such Holder or
by its attorney, duly authorized in writing. In addition, the requesting Holder
shall provide any additional certifications, documents and information, as
applicable, required pursuant to the following provisions of this Section
2.07(e).

                  (i)        Restricted Definitive Notes to Restricted
         Definitive Notes. Any Restricted Definitive Note may be transferred to
         and registered in the name of Persons who take delivery thereof in the
         form of a Restricted Definitive Note if the Registrar receives the
         following:

                           (A) if the transfer is being made to a QIB in
                  accordance with Rule 144A under the Securities Act, then the
                  transferor must deliver a certificate in the form of Exhibit B
                  hereto, including the certifications in item (1) thereof;

                           (B) if the transfer is being made to a Non-U.S.
                  Person in an offshore transaction in accordance with Rule 903
                  or Rule 904, then the transferor must deliver a certificate in
                  the form of Exhibit B hereto, including the certifications in
                  item (2) thereof;

                           (C) if the transfer is being made to an Institutional
                  Accredited Investor pursuant to an exemption from the
                  registration requirements of the Securities Act, then the
                  transferor must deliver a certificate in the form of Exhibit B
                  hereto, including the certifications, certificates and Opinion
                  of Counsel required by item (3)(d) thereof, if applicable; and

                           (D) if the transfer is being made to the Company or
                  any of its Subsidiaries, a certificate to the effect set forth
                  in Exhibit B hereto, including the certifications in item 3(b)
                  thereof.

                  (ii)       Restricted Definitive Notes to Unrestricted
         Definitive Notes. Any Restricted Definitive Note may be exchanged by
         the Holder thereof for an Unrestricted Definitive Note or transferred
         to a Person or Persons who take delivery thereof in the form of an
         Unrestricted Definitive Note if:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the Holder, in the case of an exchange, or the

                                       26
<PAGE>

                  transferee, in the case of a transfer, certifies in the
                  applicable Letter of Transmittal that it is not (1) a
                  Broker-Dealer, (2) a Person participating in the distribution
                  of the Exchange Notes or (3) a Person who is an affiliate (as
                  defined in Rule 144) of the Company;

                           (B) any such transfer is effected pursuant to the
                  Shelf Registration Statement in accordance with the
                  Registration Rights Agreement;

                           (C) any such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                              (1)   if the Holder of such Restricted Definitive
                                    Notes proposes to exchange such Notes for an
                                    Unrestricted Definitive Note, a certificate
                                    from such Holder in the form of Exhibit C
                                    hereto, including the certifications in item
                                    (1)(d) thereof; or

                              (2)   if the Holder of such Restricted Definitive
                                    Notes proposes to transfer such Notes to a
                                    Person who shall take delivery thereof in
                                    the form of an Unrestricted Definitive Note,
                                    a certificate from such Holder in the form
                                    of Exhibit B hereto, including the
                                    certifications in item (4) thereof;

and, in each such case set forth in this subparagraph (D), if the Registrar so
requests, an Opinion of Counsel in form reasonably acceptable to the Company to
the effect that such exchange or transfer is in compliance with the Securities
Act and that the restrictions on transfer contained herein and in the Private
Placement Legend are no longer required in order to maintain compliance with the
Securities Act.

                  (iii)      Unrestricted Definitive Notes to Unrestricted
         Definitive Notes. A Holder of Unrestricted Definitive Notes may
         transfer such Notes to a Person who takes delivery thereof in the form
         of an Unrestricted Definitive Note. Upon receipt of a request to
         register such a transfer, the Registrar shall register the Unrestricted
         Definitive Notes pursuant to the instructions from the Holder thereof.

         (f) Exchange Offer. Upon the occurrence of the Exchange Offer in
accordance with the Registration Rights Agreement, the Company shall issue and,
upon receipt of an Authentication Order in accordance with Section 2.02, the
Trustee shall authenticate (i) one or more Unrestricted Global Notes in an
aggregate principal amount equal to the principal amount of the beneficial
interests in the Restricted Global Notes tendered for acceptance by Persons that
certify in the applicable Letters of Transmittal that (x) they are not
Broker-Dealers, (y) they are not participating in a distribution of the Exchange
Notes and (z) they are not affiliates (as defined in Rule 144) of the Company,
and accepted for exchange in the Exchange Offer and (ii) Unrestricted Definitive
Notes in an aggregate principal amount equal to the principal amount of the
Restricted Definitive Notes accepted for exchange in the Exchange Offer.
Concurrently with the issuance of such Notes, the Trustee shall cause the
aggregate principal amount of the applicable Restricted Global Notes to be
reduced accordingly, and the Company shall execute and the Trustee shall
authenticate and deliver to the Persons designated by the Holders of Restricted
Definitive Notes so accepted Unrestricted Definitive Notes in the appropriate
principal amount. Any Notes that remain outstanding after the consummation of
the Exchange Offer, and Exchange Notes issued in connection with the Exchange
Offer, shall be treated as a single class of securities under this Indenture.

         (g) Legends. The following legends shall appear on the face of all
Global Notes and Definitive Notes issued under this Indenture unless
specifically stated otherwise in the applicable provisions of this Indenture.

                  (i)        Private Placement Legend. Except as permitted
         below, each Global Note and each Definitive Note (and all Notes issued
         in exchange therefor or substitution thereof) shall bear the legend in
         substantially the following form:

                                       27
<PAGE>

"THIS SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND THE SECURITY
EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER
MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A OR REGULATION S THEREUNDER. THE HOLDER OF
THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT:

                           (A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR
                  OTHERWISE TRANSFERRED, ONLY

                                    (1) (a) TO A PERSON WHOM THE SELLER
                           REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL
                           BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES
                           ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF
                           RULE 144A, (b) IN A TRANSACTION MEETING THE
                           REQUIREMENTS OF RULE 144 (IF AVAILABLE) UNDER THE
                           SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A
                           NON-U.S. PERSON IN A TRANSACTION MEETING THE
                           REQUIREMENTS OF RULE 903 OR 904 UNDER THE SECURITIES
                           ACT, (d) TO AN INSTITUTIONAL "ACCREDITED INVESTOR"
                           (AS DEFINED IN RULE 501(a) (1) , (2) , (3) OR (7) OF
                           THE SECURITIES ACT (AN "INSTITUTIONAL ACCREDITED
                           INVESTOR")) THAT, PRIOR TO SUCH TRANSFER, FURNISHES
                           THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN
                           REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN
                           BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER
                           IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF
                           NOTES LESS THAN $100,000, AN OPINION OF COUNSEL
                           ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN
                           COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN
                           ACCORDANCE WITH ANOTHER EXEMPTION FROM THE
                           REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND
                           BASED UPON AN OPINION OF COUNSEL IF THE ISSUER SO
                           REQUESTS),

                                    (2) TO THE ISSUER, OR

                                    (3) PURSUANT TO AN EFFECTIVE REGISTRATION
                           STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY
                           APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
                           STATES OR ANY OTHER APPLICABLE JURISDICTION; AND

                  (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED
         TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF
         THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.

THIS SECURITY MAY NOT BE ACQUIRED OR HELD WITH THE ASSETS OF (I) AN "EMPLOYEE
BENEFIT PLAN" (AS DEFINED IN THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA")) THAT IS SUBJECT TO ERISA, (II) A "PLAN" DESCRIBED IN
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"),
(III) ANY ENTITY DEEMED TO HOLD "PLAN ASSETS" OF ANY OF THE FOREGOING BY REASON
OF AN EMPLOYEE BENEFIT PLAN'S OR PLAN'S INVESTMENT IN SUCH ENTITY, OR (IV) A
GOVERNMENTAL PLAN OR CHURCH PLAN SUBJECT TO APPLICABLE LAW THAT IS SUBSTANTIALLY
SIMILAR TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF
ERISA OR SECTION 4975 OF THE

                                       28
<PAGE>

CODE ("SIMILAR LAW"), UNLESS THE ACQUISITION AND HOLDING OF THIS SECURITY BY THE
PURCHASER OR TRANSFEREE, THROUGHOUT THE PERIOD THAT IT HOLDS THIS SECURITY, ARE
EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS UNDER ERISA AND SECTION 4975
OF THE CODE OR ANY PROVISIONS OF SIMILAR LAW, AS APPLICABLE, PURSUANT TO ONE OR
MORE PROHIBITED TRANSACTION STATUTORY OR ADMINISTRATIVE EXEMPTIONS. BY ITS
ACQUISITION OR HOLDING OF THIS SECURITY, EACH PURCHASER AND TRANSFEREE WILL BE
DEEMED TO HAVE REPRESENTED AND WARRANTED THAT THE FOREGOING REQUIREMENTS HAVE
BEEN SATISFIED."

                  Notwithstanding the foregoing, any Global Note or Definitive
         Note issued pursuant to subparagraph (b)(iv), (c)(ii), (c)(iii),
         (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f) to this Section 2.07 (and
         all Notes issued in exchange therefor or substitution thereof) shall
         not bear the Private Placement Legend.

                  (ii)        Global Note Legend. Each Global Note shall bear a
         legend in substantially the following form:

"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 2.07 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE
EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.07(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, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN."

                  (iii)      Regulation S Temporary Global Note Legend. The
         Regulation S Temporary Global Note shall bear a legend in substantially
         the following form:

"THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE
BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED
TO RECEIVE PAYMENT OF INTEREST HEREON."

         (h) Cancellation and/or Adjustment of Global Notes. At such time as all
beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or
canceled in whole and not in part, each such Global Note shall be returned to or
retained and canceled by the Trustee in accordance with Section 2.12 hereof. At
any time prior to such cancellation, if any beneficial interest in a

                                       29
<PAGE>

Global Note is exchanged for or transferred to a Person who shall take delivery
thereof in the form of a beneficial interest in another Global Note or for
Definitive Notes, the principal amount of Notes represented by such Global Note
shall be reduced accordingly and an endorsement shall be made on such Global
Note by the Trustee or by the Depositary at the direction of the Trustee to
reflect such reduction; and if the beneficial interest is being exchanged for or
transferred to a Person who shall take delivery thereof in the form of a
beneficial interest in another Global Note, such other Global Note shall be
increased accordingly and an endorsement shall be made on such Global Note by
the Trustee or by the Depositary at the direction of the Trustee to reflect such
increase.

         (i) General Provisions Relating to Transfers and Exchanges.

                  (i)        To permit registrations of transfers and exchanges,
         the Company shall execute and the Trustee shall authenticate Global
         Notes and Definitive Notes upon the Company's order or at the
         Registrar's request.

                  (ii)       No service charge shall be made to a Holder of a
         beneficial interest in a Global Note or to a Holder of a Definitive
         Note for any registration of transfer or exchange, but the Company may
         require payment of a sum sufficient to cover any transfer tax or
         similar governmental charge payable in connection therewith (other than
         any such transfer taxes or similar governmental charge payable upon
         exchange or transfer pursuant to Sections 2.10, 3.06, 4.11, 4.16 and
         9.05 hereof).

                  (iii)      The Registrar shall not be required to register the
         transfer of or exchange any Note selected for redemption in whole or in
         part, except the unredeemed portion of any Note being redeemed in part.

                  (iv)       All Global Notes and Definitive Notes issued upon
         any registration of transfer or exchange of Global Notes or Definitive
         Notes shall be the valid and legally binding obligations of the
         Company, evidencing the same debt, and entitled to the same benefits
         under this Indenture, as the Global Notes or Definitive Notes
         surrendered upon such registration of transfer or exchange.

                  (v)        The Company shall not be required (A) to issue, to
         register the transfer of or to exchange any Notes during a period
         beginning at the opening of business 15 days before the day of any
         selection of Notes for redemption under Section 3.02 hereof and ending
         at the close of business on the day of selection, (B) to register the
         transfer of or to exchange any Note so selected for redemption in whole
         or in part, except the unredeemed portion of any Note being redeemed in
         part or (C) to register the transfer of or to exchange a Note between a
         record date and the next succeeding interest payment date.

                  (vi)       Prior to due presentment for the registration of a
         transfer of any Note, the Trustee, any Agent and the Company may deem
         and treat the Person in whose name any Note is registered as the
         absolute owner of such Note for the purpose of receiving payment of
         principal of and interest on such Notes and for all other purposes, and
         none of the Trustee, any Agent or the Company shall be affected by
         notice to the contrary.

                  (vii)      The Trustee shall authenticate Global Notes and
         Definitive Notes in accordance with the provisions of Section 2.02
         hereof.

                  (viii)     All certifications, certificates and Opinions of
         Counsel required to be submitted to the Registrar pursuant to this
         Section 2.07 to effect a registration of transfer or exchange may be
         submitted by facsimile with the original to follow by first class mail.

         (j) No Obligation of the Trustee.

                  (i)        The Trustee shall have no responsibility or
         obligation to any beneficial owner in a Global Note, a member of, or a
         participant in the Depositary or other Person with respect to the
         accuracy of the records of the Depositary or its nominee or of any
         participant or member thereof, with respect to any

                                       30
<PAGE>

         ownership interest in the Notes or with respect to the delivery to any
         participant, member, beneficial owner or other Person (other than the
         Depositary) of any notice (including any notice of redemption) or the
         payment of any amount, under or with respect to such Notes. All notices
         and communications to be given to the Holders and all payments to be
         made to Holders under the Notes shall be given or made only to or upon
         the order of the registered Holders (which shall be the Depositary or
         its nominee in the case of the Global Note). The rights of beneficial
         owners in the Global Note shall be exercised only through the
         Depositary subject to the applicable rules and procedures of the
         Depositary. The Trustee may rely and shall be fully protected in
         relying upon information furnished by the Depositary with respect to
         its members, participants and any beneficial owners.

                  (ii)       The Trustee shall have no obligation or duty to
         monitor, determine or inquire as to compliance with any restrictions on
         transfer imposed under this Indenture or under applicable law with
         respect to any transfer of any interest in any Note (including any
         transfers between or among Depositary participants, members or
         beneficial owners in the Global Note) other than to make any required
         delivery of such certificates and other documentation or evidence as
         are expressly required by, and to do so if and when expressly required
         by, the terms of this Indenture, and to examine the same to determine
         substantial compliance as to form with the express requirements hereof.

Section 2.08. Replacement Notes.

                  If any mutilated Note is surrendered to the Trustee, or the
         Company and the Trustee receive evidence to their satisfaction of the
         destruction, loss or theft of any Note, the Company shall issue and the
         Trustee, upon receipt of an Authentication Order, shall authenticate a
         replacement Note if the Company's and the Trustee's reasonable
         requirements for the replacements of Notes are met. An indemnity bond
         shall be supplied by the Holder that is sufficient in the judgment of
         the Trustee and the Company to protect the Company, the Trustee, any
         Agent or any authenticating agent from any loss which any of them may
         suffer if a Note is replaced. The Company may charge for its expenses
         (including fees and expenses of the Trustee) in replacing a Note.

                  Every replacement Note shall be an obligation of the Company
         and shall be entitled to all benefits of this Indenture equally and
         proportionately with all other Notes duly issued hereunder.

Section 2.09. Outstanding Notes; Treasury Notes.

                  The Notes outstanding at any time are all the Notes
         authenticated by the Trustee, except for those canceled by it, those
         delivered to it for cancellation and those described in this Section
         2.09 as not outstanding. A Note does not cease to be outstanding
         because the Company, a Subsidiary Guarantor or any of their respective
         Subsidiaries or Affiliates of the Company holds such Note.

                  In determining whether the Holders of the required principal
         amount of Notes have concurred in any direction, waiver or consent,
         Notes owned by the Company, any Subsidiary Guarantor or any Affiliate
         of the Company shall be considered as though they are not outstanding,
         except that for the purposes of determining whether the Trustee shall
         be protected in relying on any such direction, waiver or consent, only
         Notes which a Trust Officer of the Trustee actually knows are so owned
         shall be so disregarded.

                  If a Note is replaced pursuant to Section 2.08, it shall cease
         to be outstanding unless the Trustee receives proof satisfactory to it
         that such replaced Note is held by a bona fide purchaser. A mutilated
         Note ceases to be outstanding upon surrender of such Note and
         replacement thereof pursuant to Section 2.08.

                  If the Principal amount of any Note is considered paid under
         Section 4.01 hereof, it ceases to be outstanding and interest on it
         ceases to accrue.

                  If the Paying Agent segregates and holds in trust, in
         accordance with this Indenture, on a redemption date or maturity date
         money sufficient to pay all principal and interest payable on that date
         with

                                       31
<PAGE>

         respect to the Notes (or portions thereof) to be redeemed or maturing,
         as the case may be, and the Paying Agent is not prohibited from paying
         such money to the Holders of Notes on that date pursuant to the terms
         of this Indenture, then on and after that date such Notes (or portions
         thereof) shall cease to be outstanding and interest thereon shall cease
         to accrue.

Section 2.10. Temporary Notes.

                  Until certificates in definitive form for the Notes are ready
         for delivery, the Company may prepare and the Trustee shall
         authenticate certificates in temporary form for the Notes. Certificates
         in temporary form for the Notes shall be substantially in the form of
         certificates in definitive form for the Notes but may have such
         variations as the Company and the Trustee consider appropriate for
         certificates in temporary form for the Notes. Without unreasonable
         delay, the Company shall prepare and the Trustee shall authenticate
         certificates in definitive form for the Notes in exchange for
         certificates in temporary form for the Notes. Until such exchange,
         certificates in temporary form for the Notes shall be entitled to the
         same rights, benefits and privileges as certificates in definitive form
         for the Notes.

Section 2.11. Cancellation.

                  The Company or any Subsidiary Guarantor at any time may
         deliver Notes to the Trustee for cancellation. The Registrar and the
         Paying Agent shall forward to the Trustee any Notes surrendered to them
         for registration of transfer, exchange or payment. The Trustee and no
         one else shall cancel all Notes surrendered for registration of
         transfer, exchange, payment, replacement or cancellation, and shall
         dispose of such canceled Notes in its customary manner. Certification
         of the destruction of all cancelled Notes will be delivered to the
         Company. The Company may not issue new Notes to replace Notes that it
         has paid or that have been delivered to the Trustee for cancellation.

Section 2.12. Defaulted Interest.

                  If the Company defaults in a payment of interest on the Notes,
         the Company shall pay such defaulted interest in any lawful manner. The
         Company may pay such defaulted interest to the Persons who are Holders
         of the Notes on a subsequent special record date, which date shall be
         at the earliest practicable date but in all events at least five
         Business Days prior to the payment date, in each case at the rate
         provided in the Notes. The Company shall fix or cause to be fixed any
         such special record date and payment date, and, at least 15 days prior
         to the special record date, the Company (or, upon the written request
         of the Company, the Trustee in the name and at the expense of the
         Company) shall mail or cause to be mailed to each Holder of a Note a
         notice that states such special record date, such related payment date
         and the amount of any such defaulted interest to be paid to Holders of
         the Notes.

Section 2.13. CUSIP Number.

                  The Company in issuing the Notes may use a "CUSIP" number,
         and, if the Company shall do so, the Trustee shall use such CUSIP
         number in notices of redemption or exchange as a convenience to
         Holders; provided, however, that any such notice may state that no
         representation is made as to the correctness or accuracy of the CUSIP
         number printed in such notice or on the Notes and that reliance may be
         placed only on the other identification numbers printed on the Notes.
         The Company shall promptly notify the Trustee of any change in a CUSIP
         number.

Section 2.14. Persons Deemed Owners.

                  The Company, any Subsidiary Guarantor, the Trustee, any Paying
         Agent and any authenticating agent may treat the Person in whose name
         any Note is registered as the owner of such Note for the purpose of
         receiving payments of principal of, premium, if any, or interest on
         such Note and for all other purposes. None of the Company, any
         Subsidiary Guarantor, the Trustee, any Paying Agent or any
         authenticating agent shall be affected by any notice to the contrary.

                                       32
<PAGE>

Section 2.15. Issuance of Additional Notes.

                  The Company may, subject to Article Four of this Indenture and
         applicable law, issue additional Notes under this Indenture. The Notes
         issued on the Issue Date and any additional Notes subsequently issued
         shall be treated as a single class for all purposes under this
         Indenture.

                                  ARTICLE THREE

                                   REDEMPTION

Section 3.01. Notice to Trustee.

                  If the Company elects to redeem Notes pursuant to the optional
         redemption provisions of Section 3.07, it shall furnish to the Trustee,
         at least 45 days but not more than 60 days before the redemption date,
         an Officers' Certificate setting forth the redemption date, the
         principal amount of Notes to be redeemed and the redemption price.

Section 3.02. Selection of Notes to Be Redeemed.

                  If less than all of the Notes are to be redeemed, the Trustee
         shall select the Notes to be redeemed in multiples of $1,000 on a pro
         rata basis, by lot or by any other method that the Trustee considers
         fair and appropriate; provided that if the Notes are listed on any
         securities exchange, that such method complies with the requirements of
         such exchange. The Trustee shall make the selection from outstanding
         Notes not previously called for redemption not less than 30 nor more
         than 60 days prior to the redemption date. The Trustee may select for
         redemption portions of principal amounts of Notes that have
         denominations larger than $1,000. Notes and portions of them it selects
         shall be in principal amounts of $1,000 or whole multiples of $1,000.
         Provisions of this Indenture that apply to Notes called for redemption
         also apply to portions of Notes called for redemption. The Trustee
         shall notify the Company promptly of the Notes or portions of Notes
         selected for redemption.

Section 3.03. Notice of Redemption.

(a) At least 30 days but not more than 60 days before a redemption date, the
Company shall mail a notice of redemption by first-class mail to each Holder of
Notes to be redeemed at such Holder's registered address, except that redemption
notices may be mailed more than 60 days prior to a redemption date if the notice
is issued in connection with a defeasance of the Notes or a satisfaction and
discharge of this Indenture pursuant to Articles 8 or 13 of this Indenture.

                  The notice shall identify the Notes to be redeemed and shall
         state:

                  (1) the redemption date;

                  (2) the redemption price;

                  (3) the aggregate principal amount of Notes being redeemed;

                  (4) the name and address of the Paying Agent;

                  (5) that Notes called for redemption must be surrendered to
         the Paying Agent at the address specified in such notice to collect the
         redemption price;

                                       33
<PAGE>

                  (6) that, unless the Company defaults in the payment of the
         redemption price or accrued interest, interest on Notes called for
         redemption ceases to accrue on and after the redemption date and the
         only remaining right of the Holders is to receive payment of the
         redemption price and accrued interest upon surrender to the Paying
         Agent of the Notes;

                  (7) if any Note is being redeemed in part, the portion of the
         principal amount of such Note to be redeemed and that, after the
         redemption date, upon surrender of such Note, a new Note or Notes in
         principal amount equal to the unredeemed portion shall be issued;

                  (8) the paragraph of the Notes pursuant to which the Notes
         called for redemption are being redeemed; and

                  (9) the CUSIP number of the Notes.

         (b) At the Company's request, the Trustee shall give the notice of
redemption required in Section 3.03(a) in the Company's name and at the
Company's expense; provided, however, that the Company shall deliver to the
Trustee, at least 45 days prior to the redemption date, an Officers' Certificate
requesting that the Trustee give such notice and setting forth the information
to be stated in such notice as provided in Section 3.03(a).

Section 3.04. Effect of Notice of Redemption.

                  Once notice of redemption is mailed in accordance with Section
         3.03, Notes called for redemption become irrevocably due and payable on
         the redemption date at the redemption price. Upon surrender to the
         Paying Agent, such Notes shall be paid at the redemption price, plus
         accrued interest to the redemption date.

Section 3.05. Deposit of Redemption Price.

                  Prior to the redemption date, the Company shall deposit with
         the Paying Agent funds available on the redemption date sufficient to
         pay the redemption price of, and accrued interest on, the Notes to be
         redeemed on that date. The Paying Agent shall promptly return to the
         Company any money deposited with the Paying Agent by the Company in
         excess of the amounts necessary to pay the redemption price of, and
         accrued interest on, all Notes to be redeemed, except with respect to
         monies owed as obligations to the Trustee pursuant to Article Seven.

                  If the Company complies with the provisions of the preceding
         paragraph, on and after the redemption date, interest will cease to
         accrue on the Notes or the portions of Notes called for redemption. If
         a Note is redeemed on or after an interest record date but on or prior
         to the related interest payment date, then any accrued and unpaid
         interest shall be paid to the Person in whose name such Note was
         registered at the close of business on such record date. If any Note
         called for redemption shall not be so paid upon redemption because of
         the failure of the Company to comply with the preceding paragraph,
         interest will continue to be payable on the unpaid principal and
         premium, if any, including from the redemption date until such
         principal and premium, if any, is paid, and, to the extent lawful, on
         any interest not paid on such unpaid principal, in each case at the
         rate provided in the Notes and in Section 4.01 hereof.

Section 3.06. Notes Redeemed in Part.

                  Upon surrender of a Note that is to be redeemed in part, the
         Company shall issue and the Trustee shall authenticate for the Holder,
         at the expense of the Company, a new Note equal in aggregate amount to
         the unredeemed portion of the Note surrendered.

                                       34
<PAGE>

Section 3.07. Optional Redemption

                  Except as provided below, the Notes will not be redeemable at
         the Company's option prior to August 15, 2008. After August 15, 2008,
         the Company may redeem all or a part of the Notes, subject to any
         restriction or other provisions relating thereto contained in any
         Senior Debt, upon not less than 30 nor more than 60 days' notice, at
         the redemption prices (expressed as percentages of principal amount)
         set forth below plus accrued and unpaid interest and additional
         interest, if any, thereon, to the applicable redemption date, if
         redeemed during the twelve-month period beginning on August 15 of the
         years indicated below:

                  Year                                         Percentage
                  ----                                         ----------
                  2008                                          104.125%
                  2009                                          102.750%
                  2010                                          101.375%
                  2011 and thereafter                           100.000%

                  Notwithstanding the foregoing, at any time prior to August 15,
         2006, the Company may redeem up to 35% of the aggregate principal
         amount of the Notes issued under the Indenture, subject to any
         restriction or other provisions relating thereto contained in any
         Senior Debt, at a redemption price of 108.25% of the principal amount
         thereof, plus accrued and unpaid interest and additional interest, if
         any, to the redemption date, with the net cash proceeds of one or more
         Public Equity Offerings; provided that:

                  (1) at least 65% of the aggregate principal amount of the
         Notes originally issued under the Indenture remains outstanding
         immediately after the occurrence of each such redemption (excluding the
         Notes held by the Company and its Subsidiaries); and

                  (2) such redemption must occur within 60 days of the date of
         the closing of each such Public Equity Offering.

                  If less than all of the Notes are to be redeemed at any time,
         the Trustee will select Notes for redemption on a pro rata basis, by
         lot or by such method as the Trustee shall deem fair and appropriate.
         The Notes may only be redeemed in integral multiples of $1,000. Notices
         of redemption shall be mailed by first class mail at least 30 but not
         more than 60 days before the redemption date to each Holder of Notes to
         be redeemed at its registered address. Notices of redemption may not be
         conditional.

                  If any Note is to be redeemed in part only, the notice of
         redemption that relates to that Note shall state the portion of the
         principal amount thereof (which must be an integral multiple of $1,000)
         to be redeemed. A new Note in principal amount equal to the unredeemed
         portion of the original Note will be issued in the name of the Holder
         thereof upon cancellation of the original Note. Notes called for
         redemption become due on the date fixed for redemption. On and after
         the redemption date, interest ceases to accrue on Notes or portions of
         them called for redemption.

Section 3.08. No Mandatory Redemption

                  The Company is not required to make mandatory redemption or
         sinking fund payments with respect to the Notes.

                                       35
<PAGE>

                                   ARTICLE FOUR

                                    COVENANTS

Section 4.01. Payment of Notes.

                  The Company shall pay the principal of, premium, if any, and
         interest on, the Notes on the dates and in the manner provided in the
         Notes and this Indenture. Principal, premium, if any, and interest
         shall be considered paid on the date due if the Trustee or Paying Agent
         holds on that date money deposited by the Company designated for and
         sufficient to pay all principal, premium, if any, and interest then
         due. Reference in this Indenture and the Notes to "interest" with
         respect to the Notes shall include any additional interest that accrues
         on the Notes as a result of the provisions of the Registration Rights
         Agreement, which additional interest on the Notes shall be due and
         payable as provided by the Registration Rights Agreement.

                  The Company shall pay interest (including post-petition
         interest in any proceeding under any Bankruptcy Law) on overdue
         principal, and premium, if any, at the rate borne by the Notes to the
         extent lawful; and 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
         period) at the same rate to the extent lawful.

Section 4.02. Commission Reports.

                  (a) Whether or not required by the Commission, so long as any
         Notes are outstanding, the Company shall furnish to the Trustee for
         forwarding to the Holders of Notes upon their request therefor, within
         the time periods specified in the Commission's rules and regulations:

                           (1) all quarterly and annual financial information
                  that would be required to be contained in a filing with the
                  Commission on Forms 10-Q and 10-K if the Company were required
                  to file such Forms, including a "Management's Discussion and
                  Analysis of Financial Condition and Results of Operations"
                  and, with respect to the annual information only, a report on
                  the annual financial statements by the Company's certified
                  independent accountants; and

                           (2) all current reports that would be required to be
                  filed with the Commission on Form 8-K if the Company were
                  required to file such reports.

                  In addition, whether or not required by the Commission, the
         Company shall file a copy of all of the information and reports
         referred to in clauses (1) and (2) above with the Commission for public
         availability within the time periods specified in the Commission's
         rules and regulations (unless the Commission will not accept such a
         filing) and make such information available to prospective investors
         upon request. In addition, the Company and the Subsidiary Guarantors
         have agreed that, for so long as any Notes remain outstanding, they
         will furnish to the Holders and to prospective investors, upon their
         request, the information required to be delivered pursuant to Rule
         144A(d)(4) under the Securities Act.

                  (b)        Delivery of such reports, information, and
         documents to the Trustee pursuant to the provisions of this Section
         4.02 is for informational purposes only and the Trustee's receipt of
         such shall not constitute constructive notice of any information
         contained therein or determinable from information contained therein,
         including the Company's compliance with any of its covenants hereunder
         (as to which the Trustee is entitled to rely exclusively on Officers'
         Certificates).

Section 4.03. Compliance Certificates.

                  (a)        The Company (and each Subsidiary Guarantor to the
         extent that such Subsidiary Guarantor is so required under the TIA)
         shall deliver to the Trustee, within 90 days after the end of each

                                       36
<PAGE>

         fiscal year, an Officers' Certificate stating that a review of the
         activities of the Company and its Subsidiaries (or such Subsidiary
         Guarantor and its Subsidiaries) during the preceding fiscal year has
         been made under the supervision of the signing Officers with a view to
         determining whether the Company (or such Subsidiary Guarantor) has
         kept, observed, performed and fulfilled its obligations under this
         Indenture, and further stating, as to each such Officer signing such
         certificate, that to the best of his or her knowledge, the Company (or
         such Subsidiary Guarantor) has kept, observed, performed and fulfilled
         its obligations under this Indenture and is not in default in the
         performance or observance of any of the terms, provisions and
         conditions of this Indenture (or, if a Default or Event of Default
         shall have occurred, describing all such Defaults or Events of Default
         of which he or she may have knowledge and what action the Company (or
         such Subsidiary Guarantor) is taking or proposes to take with respect
         thereto) and that to the best of his or her knowledge no event has
         occurred and remains in existence by reason of which payments on
         account of the principal of or interest, if any, on the Notes is
         prohibited or if such event has occurred, a description of the event
         and what action the Company (or such Subsidiary Guarantor) is taking or
         proposes to take with respect thereto.

                  (b)        The Company shall, so long as any of the Notes are
         outstanding, deliver to the Trustee, forthwith upon any Officer
         becoming aware of any Default or Event of Default, an Officers'
         Certificate specifying such Default or Event of Default and what action
         the Company is taking or proposes to take with respect thereto.

Section 4.04. Maintenance of Office or Agency.

                  The Company shall maintain in the Borough of Manhattan, The
         City of New York, an office or agency where Notes may be surrendered
         for registration of transfer or exchange or for presentation for
         payment and where notices and demands to or upon the Company in respect
         of the Notes and this Indenture may be served. The Company initially
         designates Wachovia Bank, National Association, New York office located
         at One Penn Plaza, Suite 1414, New York, New York 10119 to be its agent
         for purposes of the preceding sentence. The Company shall give prompt
         written notice to the Trustee of any change in the location of such
         office or agency. If at any time the Company shall fail to maintain any
         such required office or agency or shall fail to furnish the Trustee
         with the address thereof, such presentations, surrenders, notices and
         demands may be made or served at the address of the Trustee set forth
         in Section 14.02.

                  The Company may also from time to time designate one or more
         other offices or agencies where the Notes may be presented or
         surrendered for any or all such purposes and may from time to time
         rescind such designations; provided that no such designation or
         rescission shall in any manner relieve the Company of its obligation to
         maintain an office or agency in the Borough of Manhattan, The City of
         New York, for such purposes. The Company shall give prompt written
         notice to the Trustee of any such designation or rescission and of any
         change in the location of any such other office or agency.

Section 4.05. Corporate Existence.

                  Subject to the provisions of Article Five of this Indenture,
         the Company shall do or cause to be done all things necessary to
         preserve and keep in full force and effect its corporate existence and
         the corporate, partnership or other existence of each Restricted
         Subsidiary and all rights (charter and statutory) and franchises of the
         Company and the Restricted Subsidiaries; provided that the Company
         shall not be required to preserve the corporate existence of any
         Restricted Subsidiary, or any such right or franchise, if the Board of
         Directors of the Company shall determine that the preservation thereof
         is no longer desirable in the conduct of the business of the Company
         and its Restricted Subsidiaries taken as a whole and that the loss
         thereof would not reasonably be expected to have a material adverse
         effect on the ability of the Company to perform its obligations
         hereunder; and provided further, that the foregoing shall not prohibit
         a sale, transfer or conveyance of a Restricted Subsidiary or any of its
         assets in compliance with the terms of this Indenture.

                                       37
<PAGE>

Section 4.06. Waiver of Stay, Extension or Usury Laws.

                  Each of the Company and the Subsidiary Guarantors covenants
         (to the extent that it may lawfully do so) that it shall not at any
         time insist upon, plead, or in any manner whatsoever claim or take the
         benefit or advantage of, any stay, extension or usury law wherever
         enacted, now or at any time hereafter in force, that may affect the
         covenants or the performance of this Indenture; and each of the Company
         and the Subsidiary Guarantors (to the extent that it may lawfully do
         so), hereby expressly waives all benefit or advantage of any such law,
         and covenant that it shall not, by resort to any such law, hinder,
         delay or impede the execution of any power herein granted to the
         Trustee, but shall suffer and permit the execution of every such power
         as though no such law has been enacted.

Section 4.07. Payment of Taxes and Other Claims.

                  The Company shall pay, and shall cause each of its
         Subsidiaries to pay, prior to delinquency, any material taxes,
         assessments, and governmental levies except such as are contested in
         good faith and by appropriate proceedings or where the failure to
         effect such payment is not adverse in any material respect to the
         Holders of the Notes.

Section 4.08. Business Activities.

                  The Company shall not, and shall not permit any Restricted
         Subsidiary to, engage in any business other than a Permitted Business,
         except to such extent as would not be material to the Company and its
         Restricted Subsidiaries taken as a whole.

Section 4.09. Limitation on Incurrence of Additional Indebtedness and Issuance
              of Preferred Stock.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, directly or indirectly, incur any
         Indebtedness (including Acquired Debt), and the Company shall not
         permit any of its Restricted Subsidiaries to issue any preferred stock;
         provided, however, that the Company or any Subsidiary Guarantor may
         incur Indebtedness or issue preferred stock, if the Fixed Charge
         Coverage Ratio for the Company's most recently ended four full fiscal
         quarters for which internal financial statements are available
         immediately preceding the date on which such additional Indebtedness is
         incurred would have been at least 2.00 to 1, determined on a pro forma
         basis (including a pro forma application of the net proceeds
         therefrom), as if the additional Indebtedness had been incurred or such
         preferred stock had been issued at the beginning of such four-quarter
         period.

                  So long as no Default shall have occurred and be continuing as
         of the date such Indebtedness is incurred (or, as applicable, such
         preferred stock is issued) or would be caused thereby, the first
         paragraph of this covenant will not prohibit the incurrence of any of
         the following items of Indebtedness (collectively, "Permitted Debt"):

                  (1) the incurrence by the Company or any Subsidiary Guarantor
         of Indebtedness under Credit Facilities in an aggregate principal
         amount at any one time outstanding (with letters of credit being deemed
         to have a principal amount equal to the maximum potential liability of
         the Company and its Restricted Subsidiaries thereunder) not to exceed
         $70.0 million, less the aggregate amount of all Net Proceeds of Asset
         Sales applied by the Company or any Restricted Subsidiary to
         permanently repay any such Indebtedness (and, in the case of any
         revolving credit Indebtedness, to effect a corresponding commitment
         reduction thereunder) pursuant to Section 4.11 hereof;

                  (2) Existing Indebtedness;

                  (3) the incurrence by the Company and the Subsidiary
         Guarantors of Indebtedness represented by the Notes and the related
         Subsidiary Guarantees to be issued on the date hereof and the Exchange
         Notes and

                                       38
<PAGE>

         the related Subsidiary Guarantees to be issued pursuant to this
         Indenture and the Registration Rights Agreement;

                  (4) the incurrence by the Company or any Restricted Subsidiary
         of the Company of Indebtedness represented by Capital Lease
         Obligations, mortgage financings or purchase money obligations, in each
         case, incurred for the purpose of financing all or any part of the
         purchase price or cost of construction or improvement of property,
         plant or equipment (whether through the direct purchase of such assets
         or the Capital Stock of any Person owning such assets) used in the
         business of the Company or such Restricted Subsidiary, in an aggregate
         principal amount, including all Permitted Refinancing Indebtedness
         incurred to refund, refinance or replace any Indebtedness incurred
         pursuant to this clause (4), not to exceed $10.0 million at any time
         outstanding;

                  (5) the incurrence by the Company or any Restricted Subsidiary
         of the Company of Permitted Refinancing Indebtedness in exchange for,
         or the net proceeds of which are used to refund, refinance or replace
         Indebtedness (other than intercompany Indebtedness) that was permitted
         by this Indenture to be incurred under the first paragraph of this
         Section 4.09 or clauses (2), (3), (4), (5) or (8) of this paragraph;

                  (6) the incurrence by the Company or any of its Restricted
         Subsidiaries of intercompany Indebtedness owing to and held by the
         Company or any of its Wholly Owned Restricted Subsidiaries; provided,
         however, that:

                           (a) if the Company or any Subsidiary Guarantor is the
                  obligor on such Indebtedness, such Indebtedness must be
                  unsecured and expressly subordinated to the prior payment in
                  full in cash of all Obligations with respect to the Notes, in
                  the case of the Company, or the Subsidiary Guarantee, in the
                  case of a Subsidiary Guarantor;

                           (b) (i) any subsequent issuance or transfer of Equity
                  Interests that results in any such Indebtedness being held by
                  a Person other than the Company or a Wholly Owned Restricted
                  Subsidiary of the Company and (ii) any sale or other transfer
                  of any such Indebtedness to a Person that is not either the
                  Company or a Wholly Owned Restricted Subsidiary of the
                  Company, shall be deemed, in each case, to constitute an
                  incurrence of such Indebtedness by the Company or such
                  Restricted Subsidiary, as the case may be, that was not
                  permitted by this clause (6); and

                           (c) Indebtedness owed to the Company or any
                  Subsidiary Guarantor must be evidenced by an unsubordinated
                  promissory note, unless the obligor under such Indebtedness is
                  the Company or a Subsidiary Guarantor;

                  (7) the incurrence by the Company or any Restricted Subsidiary
         of additional Indebtedness in an aggregate principal amount (or
         accreted value, as applicable) at any time outstanding, including all
         Permitted Refinancing Indebtedness incurred to refund, refinance or
         replace any Indebtedness incurred pursuant to this clause (7), not to
         exceed $20.0 million;

                  (8) (i) Indebtedness of the Company or any of its Restricted
         Subsidiaries under agreements providing for indemnification, adjustment
         of purchase price or similar obligations, or Guarantees or letters of
         credit, surety bonds or performance bonds securing any obligations of
         the Company or any of its Restricted Subsidiaries pursuant to such
         agreements, in any case incurred in connection with the disposition of
         any business or assets, so long as the principal amount does not exceed
         the gross proceeds actually received by the Company or any Restricted
         Subsidiary in connection with such disposition, and (ii) Indebtedness
         of the Company or any of its Restricted Subsidiaries represented by
         letters of credit for the account of the Company or such Restricted
         Subsidiary, as the case may be, issued in the ordinary course of
         business of the Company or such Restricted Subsidiary, including,
         without limitation, in order to provide security for workers'
         compensation claims or payment obligations in connection with
         self-insurance or similar requirements in the ordinary course of
         business and other Indebtedness with respect to worker's compensation
         claims, self-insurance obligations, performance, surety and similar
         bonds and completion

                                       39
<PAGE>

         guarantees provided by the Company or any of its Restricted
         Subsidiaries in the ordinary course of business;

                  (9) Indebtedness of Simula, Inc. incurred and outstanding on
         the date it is acquired by the Company (other than any Indebtedness
         incurred (i) to provide all or any portion of the funds utilized to
         consummate such acquisition or (ii) otherwise in connection with, or in
         contemplation of, such acquisition); provided, however, that (a)
         Simula, Inc. is designated a Restricted Subsidiary and executes and
         delivers to the Trustee a supplemental indenture providing for its
         Guarantee of the Notes on the date on which such acquisition is
         consummated, and (b) all such Indebtedness is prepaid, repaid, redeemed
         or repurchased within 90 days of such date of consummation;

                  (10) the incurrence by the Company or any of its Restricted
         Subsidiaries of Hedging Obligations that are incurred for the purpose
         of fixing, swapping or hedging interest rate risk with respect to any
         Indebtedness that is permitted by the terms of this Indenture to be
         outstanding; and

                  (11) the accrual of interest, the accretion or amortization of
         original issue discount, the payment of interest on any Indebtedness in
         the form of additional Indebtedness with the same terms, and the
         payment of dividends on Disqualified Stock in the form of additional
         shares of the same class of Disqualified Stock shall not be deemed to
         be an incurrence of Indebtedness or an issuance of Disqualified Stock
         for purposes of the first paragraph of this covenant; provided, in each
         such case, that the amount thereof is included in Fixed Charges of the
         Company as accrued.

                  For purposes of determining compliance with this Section 4.09,
         in the event that any proposed Indebtedness meets the criteria of more
         than one of the categories of Permitted Debt described in clauses (1)
         through (11) above, or is entitled to be incurred pursuant to the first
         paragraph of this Section 4.09, subject to the following sentence, the
         Company shall be permitted to classify on the date of its incurrence,
         and from time to time to reclassify all or a portion of, such item of
         Indebtedness in any manner that complies with this Section 4.09.
         Indebtedness under the Credit Agreement outstanding on the date on
         which Notes are first issued under this Indenture shall be deemed to
         have been incurred on such date in reliance on the exception provided
         by clause (1) of the definition of Permitted Debt and the Company will
         not be permitted to reclassify any Indebtedness incurred pursuant to
         such clause (1).

                  Notwithstanding any other provision of this Section 4.09, the
         maximum amount of Indebtedness that may be Incurred pursuant to this
         Section 4.09 will not be deemed to be exceeded with respect to any
         outstanding Indebtedness due solely to the result of fluctuations in
         the exchange rates of currencies.

Section 4.10. Limitation on Restricted Payments.

                  (A)      The Company shall not, and shall not permit any of
         its Restricted Subsidiaries to, directly or indirectly:

                  (i)        declare or pay any dividend or make any other
         payment or distribution on account of the Company's or any of its
         Restricted Subsidiaries' Equity Interests (including, without
         limitation, any payment in connection with any merger or consolidation
         involving the Company or any of its Restricted Subsidiaries) or to the
         direct or indirect holders of the Company's or any of its Restricted
         Subsidiaries' Equity Interests in their capacity as such (other than
         dividends or distributions payable in Equity Interests (other than
         Disqualified Stock) of the Company or distributions payable to the
         Company or a Wholly Owned Restricted Subsidiary of the Company);

                  (ii)       purchase, redeem or otherwise acquire or retire for
         value (including, without limitation, in connection with any merger or
         consolidation involving the Company) any Equity Interests of the
         Company, or any Subsidiary of the Company (other than a Wholly Owned
         Restricted Subsidiary of the Company) or any direct or indirect parent
         of the Company;

                                       40
<PAGE>

                  (iii)      make any payment on or with respect to, or
         purchase, redeem, defease or otherwise acquire or retire for value any
         Indebtedness that is subordinated to the Notes or any Subsidiary
         Guarantee, except a payment of interest or principal at the Stated
         Maturity thereof; or

                  (iv)       make any Restricted Investment (all such payments
         and other actions set forth in clauses (i) through (iv) being
         collectively referred to as "Restricted Payments"),

            unless, at the time of and after giving effect to such Restricted
            Payment:

                  (1) no Default or Event of Default shall have occurred and be
         continuing or would occur as a consequence thereof; and

                  (2) the Company would, at the time of such Restricted Payment
         and after giving pro forma effect thereto as if such Restricted Payment
         had been made at the beginning of the applicable four-quarter period,
         have been permitted to incur at least $1.00 of additional Indebtedness
         pursuant to the Fixed Charge Coverage Ratio test set forth in the first
         paragraph of Section 4.09; and

                  (3) such Restricted Payment, together with the aggregate
         amount of all other Restricted Payments made by the Company and its
         Restricted Subsidiaries after the date hereof (excluding Restricted
         Payments permitted by clauses (2), (3) and (5) of the next succeeding
         paragraph (B)), is less than the sum, without duplication, of:

                  (a)        50% of the Consolidated Net Income of the Company
         for the period (taken as one accounting period) from the beginning of
         the first fiscal quarter commencing after the date hereof to the end of
         the Company's most recently ended fiscal quarter for which internal
         financial statements are available at the time of such Restricted
         Payment (or, if such Consolidated Net Income for such period is a
         deficit, less 100% of such deficit), plus

                  (b)        100% of the aggregate net cash proceeds received by
         the Company since the date hereof as a contribution to its common
         equity capital or from the issue or sale of Equity Interests of the
         Company (other than Disqualified Stock) or from the issue or sale of
         convertible or exchangeable Disqualified Stock or convertible or
         exchangeable debt securities of the Company that have been converted
         into or exchanged for such Equity Interests (other than Equity
         Interests (or Disqualified Stock or debt securities) sold to a
         Subsidiary of the Company); plus

                  (c)        to the extent that any Restricted Investment that
         was made after the date hereof is sold for cash or otherwise liquidated
         or repaid for cash, the lesser of (i) the cash return of capital with
         respect to such Restricted Investment (less the cost of disposition, if
         any) and (ii) the initial amount of such Restricted Investment; plus

                  (d)        $10.0 million.

                  (B) So long as no Default or Event of Default has occurred and
         is continuing or would be caused thereby, the preceding provisions
         shall not prohibit:

                  (1) the payment of any dividend within 60 days after the date
         of declaration thereof, if at said date of declaration such payment
         would have complied with the provisions of this Indenture;

                  (2) the redemption, repurchase, retirement, defeasance or
         other acquisition of any subordinated Indebtedness of the Company or
         any Subsidiary Guarantor or of any Equity Interests of the Company in
         exchange for, or out of the net cash proceeds of the substantially
         concurrent sale (other than to a Subsidiary of the Company) of, Equity
         Interests of the Company (other than Disqualified Stock); provided that
         the amount of any such net cash proceeds that are utilized for any such
         redemption, repurchase, retirement, defeasance or other acquisition
         shall be excluded from clause (3) (b) of the preceding paragraph (A);

                                       41
<PAGE>

                  (3) the defeasance, redemption, repurchase or other
         acquisition of subordinated Indebtedness of the Company or any
         Subsidiary Guarantor with the net cash proceeds from an incurrence of
         Permitted Refinancing Indebtedness;

                  (4) the payment of any dividend by a Restricted Subsidiary of
         the Company to the holders of its common Equity Interests on a pro rata
         basis;

                  (5) Investments acquired as a capital contribution to, or in
         exchange for, or out of the net cash proceeds of a substantially
         concurrent offering of, Capital Stock (other than Disqualified Stock)
         of the Company; provided that the amount of any such net cash proceeds
         that are utilized for any such acquisition or exchange shall be
         excluded from clause (3)(b) of the preceding paragraph (A);

                  (6) the repurchase of Capital Stock deemed to occur upon the
         exercise of options or warrants if such Capital Stock represents all or
         a portion of the exercise price thereof;

                  (7) dividends paid on shares of Disqualified Stock of the
         Company issued in accordance with Section 4.09 hereof;

                  (8) the repurchase of shares of Equity Interests (other than
         Disqualified Stock) of the Company or any Restricted Subsidiary;
         provided, however, that the aggregate amount of such repurchases shall
         not exceed $5.0 million in any calendar year unless the aggregate
         amount of such repurchases in any prior calendar year was less than
         $5.0 million in which case (x) the difference, up to an aggregate
         amount of $5.0 million, may be carried forward and (y) the aggregate
         amount of such repurchases in any subsequent calendar year may not
         exceed $5.0 million plus the then remaining balance of such carry
         forward amount (after giving effect to all prior repurchases utilizing
         such carry forward amount); provided further, however, that such
         repurchases shall be excluded from the calculation of the amount of
         Restricted Payments; or

                  (9) Restricted Payments in an aggregate amount not to exceed
         $25.0 million.

                  The amount of all Restricted Payments (other than cash) shall
         be the fair market value on the date of the Restricted Payment of the
         asset(s) or securities proposed to be transferred or issued to or by
         the Company or such Subsidiary, as the case may be, pursuant to the
         Restricted Payment. The fair market value of any cash Restricted
         Payment shall be its face amount and the fair market value of any
         assets, securities or other non-cash Restricted Payment that are
         required to be valued under this Section 4.10 shall be determined by
         the Board of Directors, whose resolution with respect thereto shall be
         delivered to the Trustee. The Board of Directors' determination must be
         based upon an opinion or appraisal issued by an accounting, appraisal
         or investment banking firm of national standing if the fair market
         value exceeds $10.0 million, provided, however, that such opinion or
         appraisal shall not be required for any repurchase or redemption of
         shares of Equity Interests of the Company at Current Trading Prices.
         Not later than the date of making any Restricted Payment, the Company
         shall deliver to the Trustee an Officers' Certificate stating that such
         Restricted Payment is permitted and setting forth the basis upon which
         the calculations required by this Section 4.10 were computed, together
         with a copy of any fairness opinion or appraisal required by this
         Indenture.

Section 4.11. Limitation on Sale of Assets.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, consummate an Asset Sale unless:

                  (1) the Company (or the Restricted Subsidiary, as the case may
         be) receives consideration at the time of such Asset Sale at least
         equal to the fair market value of the assets or Equity Interests
         issued, sold or otherwise disposed of;

                                       42
<PAGE>

                  (2) such fair market value is determined by the Company's
         Board of Directors and evidenced by a resolution of the Board of
         Directors set forth in an Officers' Certificate delivered to the
         Trustee; and

                  (3) at least 75% of the consideration therefor received by the
         Company or such Restricted Subsidiary is in the form of cash, Cash
         Equivalents, promissory notes or Replacement Assets or a combination
         thereof; provided that, for purposes of this Section 4.11, each of the
         following shall be deemed to be cash:

                  (a)        any liabilities (as shown on the Company's or such
         Restricted Subsidiary's most recent balance sheet) of the Company or
         any Restricted Subsidiary (other than contingent liabilities and
         liabilities that are by their terms pari passu or subordinated to the
         Notes or any Subsidiary Guarantee and liabilities that are owed to the
         Company or any Affiliate of the Company) that are assumed by the
         transferee of any such assets pursuant to a customary written novation
         agreement that releases the Company or such Restricted Subsidiary from
         further liability; and

                  (b)        any securities or other obligations (other than
         promissory notes) received by the Company or any such Restricted
         Subsidiary from such transferee that are contemporaneously (subject to
         ordinary settlement periods) converted by the Company or such
         Restricted Subsidiary into cash (to the extent of the cash received in
         that conversion).

                  Within 365 days after the receipt of any Net Proceeds from an
         Asset Sale, the Company may apply an amount equal to such Net Proceeds
         at its option:

                  (1) to prepay, repay or repurchase Senior Debt and, if (i) the
         Senior Debt repaid is revolving credit Indebtedness, and (ii) at the
         time of such Asset Sale and at the time of such repayment, the Company
         is not permitted to incur at least $1.00 of additional Indebtedness
         pursuant to the Fixed Charge Coverage Ratio test set forth in the first
         paragraph of Section 4.09, correspondingly reduce commitments with
         respect thereto; or

                  (2) to purchase Replacement Assets or to make a capital
         expenditure in or that is used or useful in a Permitted Business.

                  Pending the final application of any such Net Proceeds, the
         Company may temporarily reduce revolving credit borrowings or otherwise
         invest such Net Proceeds in any manner that is not prohibited by this
         Indenture.

                  Any Net Proceeds from Asset Sales that are not applied or
         invested as provided in the preceding paragraph shall constitute
         "Excess Proceeds." Within 30 days after the aggregate amount of Excess
         Proceeds exceeds $5.0 million, the Company shall make an "Asset Sale
         Offer" to all Holders of Notes, and all holders of other Indebtedness
         that is pari passu with the Notes or any Subsidiary Guarantee
         containing provisions similar to those set forth in this Indenture with
         respect to offers to purchase with the proceeds of sales of assets, to
         purchase the maximum principal amount of Notes and such other pari
         passu Indebtedness that may be purchased out of the Excess Proceeds.
         The offer price in any Asset Sale Offer shall be equal to 100% of
         principal amount of the Notes purchased plus accrued and unpaid
         interest thereon to the date of purchase, and shall be payable in cash.
         If any Excess Proceeds remain after consummation of an Asset Sale
         Offer, the Company may use such Excess Proceeds for any purpose not
         otherwise prohibited by this Indenture. If the aggregate principal
         amount of Notes and such other pari passu Indebtedness tendered into
         such Asset Sale Offer exceeds the amount of Excess Proceeds, the
         Trustee shall select the Notes and such other pari passu Indebtedness
         to be purchased on a pro rata basis based on the principal amount of
         Notes and such other pari passu Indebtedness tendered. Upon completion
         of each Asset Sale Offer, the amount of Excess Proceeds shall be reset
         at zero.

                  The Company shall comply with the requirements of Rule 14e-1
         under the Exchange Act and any other securities laws and regulations
         thereunder to the extent such laws and regulations are applicable in

                                       43
<PAGE>

         connection with each repurchase of Notes pursuant to an Asset Sale
         Offer. To the extent that the provisions of any securities laws or
         regulations conflict with the Asset Sales provisions of this Indenture,
         the Company shall comply with the applicable securities laws and
         regulations and shall not be deemed to have breached its obligations
         under this Section 4.11 by virtue of such compliance.

Section 4.12. Limitation on Liens.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, directly or indirectly, create, incur,
         assume or otherwise cause or suffer to exist or become effective any
         Lien of any kind securing Indebtedness (other than Permitted Liens)
         upon any of their property or assets, now owned or hereafter acquired,
         unless all payments due under this Indenture and the Notes are secured
         on an equal and ratable basis with the obligations so secured until
         such time as such obligations are no longer secured by a Lien.

Section 4.13. Dividend and Other Payment Restrictions Affecting Restricted
Subsidiaries.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, directly or indirectly, create or permit to
         exist or become effective any consensual encumbrance or restriction on
         the ability of any Restricted Subsidiary to:

                  (1) pay dividends or make any other distributions to the
         Company or any of its Restricted Subsidiaries with respect to its
         Capital Stock or any other interest or participation in, or measured
         by, its profits, or pay any indebtedness owed to the Company or any of
         its Restricted Subsidiaries;

                  (2) make loans or advances to the Company or any of its
         Restricted Subsidiaries; or

                  (3) transfer any of its properties or assets to the Company or
         any of its Restricted Subsidiaries.

                  However, the preceding restrictions shall not apply to
         encumbrances or restrictions existing under, by reason of or with
         respect to:

                  (1) the Credit Agreement, Existing Indebtedness or any other
         agreements in effect on the date hereof and any amendments,
         modifications, restatements, renewals, extensions, supplements,
         refundings, replacements or refinancings thereof, provided that the
         encumbrances and restrictions in any such amendments, modifications,
         restatements, renewals, extensions, supplements, refundings,
         replacement or refinancings are not materially more restrictive, taken
         as a whole, than those in effect on the date hereof;

                  (2) this Indenture, the Notes and the Subsidiary Guarantees;

                  (3) applicable law, rule or regulation;

                  (4) any Person, or the property or assets of such Person,
         acquired by the Company or any of its Restricted Subsidiaries, existing
         at the time of such acquisition and not incurred in connection with or
         in contemplation of such acquisition, which encumbrance or restriction
         is not applicable to any Person or the properties or assets of any
         Person, other than the Person, or the property or assets of such
         Person, so acquired and any amendments, modifications, restatements,
         renewals, extensions, supplements, refundings, replacements or
         refinancings thereof, provided that the encumbrances and restrictions
         in any such amendments, modifications, restatements, renewals,
         extensions, supplements, refundings, replacement or refinancings are no
         more restrictive, taken as a whole, than those in effect on the date of
         the acquisition;

                  (5) in the case of clause (3) of the first paragraph of this
         Section 4.13:

                  (a) that restrict in a customary manner the subletting,
         assignment or transfer of any property or asset that is subject to a
         lease, license, conveyance or similar contract,

                                       44
<PAGE>

                  (b) existing by virtue of any transfer of, agreement to
         transfer, option or right with respect to, or Lien on, any property or
         assets of the Company or any Restricted Subsidiary not otherwise
         prohibited by the Indenture, or

                  (c) arising or agreed to in the ordinary course of business,
         not relating to any Indebtedness, and that do not, individually or in
         the aggregate, detract from the value of property or assets of the
         Company or any Restricted Subsidiary in any manner material to the
         Company or any Restricted Subsidiary;

                  (6) any agreement for the sale or other disposition of all or
         substantially all of the Capital Stock of, or property and assets of, a
         Restricted Subsidiary pending closing of such sale or disposition;

                  (7) Permitted Refinancing Indebtedness, provided that the
         restrictions contained in the agreements governing such Permitted
         Refinancing Indebtedness are no more restrictive, taken as a whole,
         than those contained in the agreements governing the Indebtedness being
         refinanced;

                  (8) contained in the terms of any Indebtedness permitted under
         this Indenture or any agreement pursuant to which such Indebtedness was
         issued if:

                  (a) the encumbrance or restriction applies only in the event
         of a payment default or a default with respect to a financial covenant
         contained in such Indebtedness or agreement,

                  (b) the encumbrance or restriction is not materially more
         disadvantageous to the Holders of the Notes than is customary in
         comparable financings (as determined by the Company in good faith), and

                  (c) the Company determines in good faith that any such
         encumbrance or restriction will not materially affect the Company's
         ability to make principal or interest payments on the Notes.

Section 4.14. Limitation on Transactions with Affiliates.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, directly or indirectly, make any payment
         to, or sell, lease, transfer or otherwise dispose of any of its
         properties or assets to, or purchase any property or assets from, or
         enter into, make, amend, renew or extend any transaction, contract,
         agreement, understanding, loan, advance or Guarantee with, or for the
         benefit of, any Affiliate (each, an "Affiliate Transaction"), unless:

                  (1) such Affiliate Transaction is on terms that are no less
         favorable to the Company or the relevant Restricted Subsidiary than
         those that would have been obtained in a comparable transaction by the
         Company or such Restricted Subsidiary at the time of such transaction
         in arm's-length dealings with a Person that is not an Affiliate of the
         Company; and

                  (2) the Company delivers to the Trustee:

                  (a) with respect to any Affiliate Transaction or series of
         related Affiliate Transactions involving aggregate consideration in
         excess of $2.5 million, a resolution of the Board of Directors set
         forth in an Officers' Certificate certifying that such Affiliate
         Transaction or series of related Affiliate Transactions complies with
         this Section 4.14 and that such Affiliate Transaction or series of
         related Affiliate Transactions has been approved by a majority of the
         disinterested members of the Board of Directors; and

                  (b) with respect to any Affiliate Transaction or series of
         related Affiliate Transactions involving aggregate consideration in
         excess of $10.0 million, an opinion as to the fairness to the Company
         or such Restricted Subsidiary of such Affiliate Transaction or series
         of related Affiliate Transactions from a financial point of view issued
         by an independent accounting, appraisal or investment banking firm of
         national standing.

                                       45
<PAGE>

                  The following items shall not be deemed to be Affiliate
         Transactions and, therefore, shall not be subject to the provisions of
         the prior paragraph:

                  (1) transactions between or among the Company and/or its
         Restricted Subsidiaries;

                  (2) any issuance of securities, or other payments, awards or
         grants in cash, securities or otherwise pursuant to, or the funding of,
         employment arrangements, stock options and stock ownership plans and
         other reasonable and customary fees, compensation, benefits and
         indemnities paid or entered into by the Company or its Restricted
         Subsidiaries in the ordinary course of business consistent with past
         practices to or with officers, directors, employees or consultants of
         the Company and its Restricted Subsidiaries;

                  (3) Restricted Payments that are permitted by Section 4.10
         hereof; and

                  (4) any sale of Equity Interests (other than Disqualified
         Stock) of the Company.

Section 4.15. Limitation on Senior Subordinated Indebtedness.

                  The Company shall not incur any Indebtedness that is
         subordinate or junior in right of payment to any Senior Debt of the
         Company unless it is pari passu or subordinate in right of payment to
         the Notes. No Subsidiary Guarantor shall incur any Indebtedness that is
         subordinate or junior in right of payment to the Senior Debt of such
         Subsidiary Guarantor unless it is pari passu or subordinate in right of
         payment to such Subsidiary Guarantor's Subsidiary Guarantee.

Section 4.16. Change of Control.

         (a)       If a Change of Control occurs, each Holder of Notes shall
have the right to require the Company to repurchase all or any part (equal to
$1,000 principal amount or an integral multiple thereof) of such Holder's Notes
pursuant to the offer described below (the "Change of Control Offer") at an
offer price in cash equal to 101% of the aggregate principal amount thereof plus
accrued and unpaid interest thereon to the date of purchase (the "Change of
Control Payment"). Within 30 days following any Change of Control, the Company
shall mail a notice to each Holder describing the transaction or transactions
that constitute the Change of Control and stating (1) that the Change of Control
Offer is being made pursuant to this Section 4.16 and that all Notes tendered
prior to the deadline specified in clause (5) below will be accepted for payment
on the Change of Control Payment Date; (2) the purchase price and the purchase
date, which shall be no earlier than 30 days and no later than 90 days from the
date such notice is mailed (the "Change of Control Payment Date"); (3) that any
Note not tendered shall continue to accrue interest; (4) that, unless the
Company defaults in the payment of the Change of Control Payment, all Notes
accepted for payment pursuant to the Change of Control Offer shall cease to
accrue interest after the Change of Control Payment Date; (5) that Holders
electing to have any Notes purchased pursuant to a Change of Control Offer shall
be required to surrender the Notes, with the form entitled "Option of Holder to
Elect Purchase" on the reverse of the Notes completed, to the Paying Agent at
the address specified in the notice prior to the close of business on the third
Business Day preceding the Change of Control Payment Date; (6) that Holders
shall be entitled to withdraw their election if the Paying Agent receives, not
later than the close of business on the second Business Day preceding the Change
of Control Payment Date, a telegram, telex, facsimile transmission or letter
setting forth the name of the Holder, the principal amount of Notes delivered
for purchase, and a statement that such Holder is withdrawing his election to
have the Notes purchased; and (7) that Holders whose Notes are being purchased
only in part shall be issued new Notes equal in principal amount to the
unpurchased portion of the Notes surrendered, which unpurchased portion must be
equal to $1,000 in principal amount or an integral multiple thereof. The Company
shall comply with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations thereunder to the extent such laws and
regulations are applicable in connection with the repurchase of the Notes as a
result of a Change of Control. To the extent that the provisions of any
securities laws or regulations conflict with the provisions of this Indenture
relating to such Change of Control Offer, the Company shall comply with the
applicable securities laws and regulations and shall not be deemed to have
breached its obligations under this Section 4.16 by virtue of such compliance.

                                       46
<PAGE>

         (b)        By 12:00 p.m. (noon) Eastern Time on the Change of Control
Payment Date, the Company shall, to the extent lawful, (1) accept for payment
all Notes or portions thereof properly tendered pursuant to the Change of
Control Offer, (2) deposit with the Paying Agent an amount equal to the Change
of Control Payment in respect of all Notes or portions thereof so tendered, and
(3) deliver or cause to be delivered to the Trustee the Notes so accepted
together with an Officers' Certificate stating the aggregate principal amount of
Notes or portions thereof being purchased by the Company. The Paying Agent shall
promptly mail or wire transfer to each Holder of Notes so tendered the Change of
Control Payment for such Notes, and the Trustee shall promptly authenticate and
mail (or cause to be transferred by book entry) to each Holder a new Note equal
in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided that each such new Note shall be in a principal amount of $1,000 or an
integral multiple thereof. Prior to complying with this Section 4.16, but in any
event within 60 days following a Change of Control, the Company shall either
repay all outstanding Senior Debt or obtain the requisite consents, if any,
required under all agreements governing outstanding Senior Debt to permit the
repurchase of Notes in accordance with this Section 4.16. The Company shall
publicly announce the results of the Change of Control Offer on or as soon as
practicable after the Change of Control Payment Date.

         (c)       Notwithstanding anything to the contrary in this Section
4.16, the Company shall not be required to make a Change of Control Offer upon a
Change of Control if (i) a third party makes the Change of Control Offer in the
manner, at the times and otherwise in compliance with the requirements set forth
in this Section 4.16 and all other provisions of this Indenture applicable to a
Change of Control Offer made by the Company and purchases all Notes validly
tendered and not withdrawn under such Change of Control Offer, or (ii) the
Company effects Legal Defeasance or Covenant Defeasance of the Notes under
Article Thirteen of this Indenture prior to the occurrence of such Change of
Control or otherwise discharges this Indenture under Article Eight of this
Indenture.

Section 4.17. Designation of Restricted and Unrestricted Subsidiaries.

                  The Board of Directors of the Company may designate any
         Restricted Subsidiary to be an Unrestricted Subsidiary; provided that:

                  (1) any Guarantee by the Company or any Restricted Subsidiary
         of any Indebtedness of the Subsidiary being so designated shall be
         deemed to be an incurrence of Indebtedness by the Company or such
         Restricted Subsidiary (or both, if applicable) at the time of such
         designation, and such incurrence of Indebtedness would be permitted
         under the covenant described above under Section 4.09 hereof;

                  (2) the aggregate fair market value of all outstanding
         Investments owned by the Company and its Restricted Subsidiaries in the
         Subsidiary being so designated (including any Guarantee by the Company
         or any Restricted Subsidiary of any Indebtedness of the such
         Subsidiary) shall be deemed to be a Restricted Investment made as of
         the time of such designation and that such Investment would be
         permitted under Section 4.10 hereof;

                  (3) such Subsidiary does not own any Equity Interests of, or
         hold any Liens on any property of, the Company or any Restricted
         Subsidiary;

                  (4) the Subsidiary being so designated:

                           (a) is not party to any agreement, contract,
                           arrangement or understanding with the Company or any
                           Restricted Subsidiary of the Company unless the terms
                           of any such agreement, contract, arrangement or
                           understanding are no less favorable to the Company or
                           such Restricted Subsidiary than those that might be
                           obtained at the time from Persons who are not
                           Affiliates of the Company; and

                           (b) is a Person with respect to which neither the
                           Company nor any of its Restricted Subsidiaries has
                           any direct or indirect obligation (a) to subscribe
                           for additional Equity Interests or (b) to maintain or
                           preserve such Person's financial condition or to
                           cause such Person to achieve any specified levels of
                           operating results; and

                                       47
<PAGE>

                  (5) no Default or Event of Default would be in existence
         following such designation.

                  Any designation of a Restricted Subsidiary of the Company as
         an Unrestricted Subsidiary shall be evidenced to the Trustee by filing
         with the Trustee a certified copy of the Board Resolution giving effect
         to such designation and an Officers' Certificate certifying that such
         designation complied with the preceding conditions and was permitted by
         this Indenture.

                  The Board of Directors of the Company may at any time
         designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
         provided that:

                  (1) such designation shall be deemed to be an incurrence of
         Indebtedness by a Restricted Subsidiary of the Company of any
         outstanding Indebtedness of such Unrestricted Subsidiary and such
         designation shall only be permitted if such Indebtedness is permitted
         under Section 4.09 hereof, calculated on a pro forma basis as if such
         designation had occurred at the beginning of the four-quarter reference
         period;

                  (2) all outstanding Investments owned by such Unrestricted
         Subsidiary shall be deemed to be made as of the time of such
         designation and such Investments shall only be permitted if such
         Investments would be permitted under Section 4.10 hereof;

                  (3) all Liens of such Unrestricted Subsidiary existing at the
         time of such designation would be permitted under Section 4.12 hereof;
         and

                  (4) no Default or Event of Default would be in existence
         following such designation.

Section 4.18. Limitation on Issuances and Sales of Equity Interests in
              Restricted Subsidiaries.

                  The Company shall not transfer, convey, sell, lease or
         otherwise dispose of, and shall not permit any of its Restricted
         Subsidiaries to issue, transfer, convey, sell or otherwise dispose of,
         any Equity Interests in any Restricted Subsidiary of the Company to any
         Person (other than the Company or a Wholly Owned Restricted Subsidiary
         of the Company or, if necessary, shares of its Capital Stock
         constituting directors' qualifying shares or issuances of shares of
         Capital Stock of foreign Restricted Subsidiaries to foreign nationals,
         to the extent required by applicable law), except:

                  (1) if, immediately after giving effect to such issuance,
         transfer, conveyance, sale, lease or other disposition, such Restricted
         Subsidiary would no longer constitute a Restricted Subsidiary and any
         Investment in such Person remaining after giving effect to such
         issuance or sale would have been permitted to be made under Section
         4.10 hereof if made on the date of such issuance or sale; and

                  (2) the Company or such Restricted Subsidiary complies with
         Section 4.11 hereof.

Section 4.19. Payments for Consent.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, directly or indirectly, pay or cause to be
         paid any consideration to or for the benefit of any Holder of Notes for
         or as an inducement to any consent, waiver or amendment of any of the
         terms or provisions of this Indenture or the Notes unless such
         consideration is offered to all Holders of the Notes and is paid to all
         Holders of the Notes that consent, waive or agree to amend in the time
         frame set forth in the solicitation documents relating to such consent,
         waiver or agreement.

                                       48
<PAGE>

Section 4.20. Limitations on Issuances of Guarantees by Restricted Subsidiaries;
              Merger, Consolidation and Sale of All or Substantially All Assets
              by Subsidiary Guarantors; Release of Subsidiary Guarantees.

         (A) The Company shall not permit any of its Restricted Subsidiaries,
directly or indirectly, to Guarantee or pledge any assets to secure the payment
of any other Indebtedness of the Company, unless such Restricted Subsidiary is a
Subsidiary Guarantor or simultaneously executes and delivers a supplemental
indenture providing for a Subsidiary Guarantee by such Restricted Subsidiary,
which Subsidiary Guarantee shall be senior to or pari passu with such
Subsidiary's Guarantee of or pledge to secure such other Indebtedness unless
such other Indebtedness is Senior Debt, in which case such Subsidiary's
Subsidiary Guarantee may be subordinated to the Guarantee of such Senior Debt to
the same extent as the Notes are subordinated to such Senior Debt.

         (B) A Subsidiary Guarantor shall not sell or otherwise dispose of all
or substantially all of its assets to, or consolidate with or merge with or into
(whether or not such Subsidiary Guarantor is the surviving Person), another
Person, other than the Company or another Subsidiary Guarantor, unless:

                  (1) immediately after giving effect to that transaction, no
         Default or Event of Default exists; and

                  (2) either:

                           (a) the Person acquiring the property in any such
                  sale or disposition or the Person formed by or surviving any
                  such consolidation or merger is a corporation organized or
                  existing under the laws of the United States, any state
                  thereof or the District of Columbia and assumes all the
                  obligations of such Subsidiary Guarantor under this Indenture,
                  its Subsidiary Guarantee and the Registration Rights Agreement
                  pursuant to a supplemental indenture satisfactory to the
                  Trustee and in accordance with the provisions of Section 4.22;
                  or

                           (b) such sale or other disposition complies with
                  Section 4.11 hereof, including the application of the Net
                  Proceeds therefrom.

         (C) The Subsidiary Guarantee of a Subsidiary Guarantor may be released:

                  (1) in connection with any sale or other disposition of all of
         the Capital Stock of a Subsidiary Guarantor to a Person that is not
         (either before or after giving effect to such transaction) an Affiliate
         of the Company, if the sale or other disposition complies with Section
         4.11 hereof;

                  (2) in connection with the release or discharge of the
         Guarantee which resulted in the creation of such Subsidiary Guarantee
         pursuant to this covenant, except a discharge or release by, or as a
         result of, a payment under such Guarantee;

                  (3) if the Company properly designates any Restricted
         Subsidiary that is a Subsidiary Guarantor as an Unrestricted Subsidiary
         pursuant to Section 4.17 hereof; or

                  (4) in connection with the liquidation, dissolution or winding
         up of a Subsidiary Guarantor.

         In addition, each Discontinued Domestic Subsidiary which becomes a
         Subsidiary Guarantor pursuant to Section 4.22 after the date of this
         Indenture will be released from its Subsidiary Guarantee upon the sale,
         transfer or other disposition of all or substantially of its assets,
         unless and until such Subsidiary Guarantor thereafter becomes part of
         the continuing operations of the Company on a consolidated basis after
         the date hereof. Upon the occurrence of any of the foregoing events
         described in this subsection (C) of this Section 4.20, the Subsidiary
         Guarantor will be released from its Subsidiary Guarantee upon receipt
         by the Trustee of a request by the Company accompanied by an Officers'
         Certificate and an Opinion of Counsel certifying that all conditions
         specified in this Indenture for such release have been satisfied in
         accordance with the provisions of this Indenture. Upon receipt of the
         items specified in the preceding sentence, the Trustee shall

                                       49
<PAGE>

         deliver to the Company an appropriate instrument evidencing such
         release. Any Subsidiary Guarantor not so released remains liable for
         the full amount of principal of and interest on the Notes as provided
         in Article Eleven.

Section 4.21. Sale and Leaseback Transactions.

                  The Company shall not, and shall not permit any of its
         Restricted Subsidiaries to, enter into any sale and leaseback
         transaction; provided that the Company or any Restricted Subsidiary may
         enter into a sale and leaseback transaction if:

                  (1) the Company or that Restricted Subsidiary, as applicable,
         could have incurred Indebtedness in an amount equal to the Attributable
         Debt relating to such sale and leaseback transaction under the Fixed
         Charge Coverage Ratio test in the first paragraph of Section 4.09
         hereof;

                  (2) the gross cash proceeds of that sale and leaseback
         transaction are at least equal to the fair market value, as determined
         in good faith by the Board of Directors of the Company and set forth in
         an Officers' Certificate delivered to the Trustee, of the property that
         is the subject of that sale and leaseback transaction; and

                  (3) the transfer of assets in that sale and leaseback
         transaction is permitted by, and the Company applies the proceeds of
         such transaction in compliance with Section 4.11.

Section 4.22. Additional Subsidiary Guarantees.

                  The Company shall cause each of its existing and future
         Restricted Subsidiaries that is a Domestic Subsidiary, other than USDS,
         Inc. and the Discontinued Domestic Subsidiaries, to become a Subsidiary
         Guarantor by executing and delivering to the Trustee (i) a supplemental
         indenture in form and substance satisfactory to the Trustee, which
         subjects such Person to the provisions (including the representations
         and warranties) of this Indenture (and, unless the Registration Rights
         Agreement has terminated prior to the date of such Supplemental
         Indenture, the Registration Rights Agreement) as a Subsidiary Guarantor
         and (ii) an Opinion of Counsel and Officers' Certificate to the effect
         that such supplemental indenture has been duly authorized and executed
         by such Person and constitutes the legal, valid, binding and
         enforceable obligation of such Person (subject to such customary
         exceptions concerning creditors' rights and equitable principles as may
         be acceptable to the Trustee and provided that no opinion need be
         rendered concerning the enforceability of the Subsidiary Guarantee);
         provided, further that the Company shall cause each Discontinued
         Domestic Subsidiary to become a Subsidiary Guarantor by execution and
         delivery to the Trustee of a supplemental indenture pursuant to which
         such Discontinued Domestic Subsidiary shall assume all obligations of
         the Subsidiary Guarantors under the Indenture, the Notes and the
         Registration Rights Agreement, such supplemental indenture to be
         executed and delivered by the Company, the Subsidiary Guarantors and
         each Discontinued Domestic Subsidiary no later than September 30, 2003
         (except to the extent such Discontinued Domestic Subsidiary is sold by
         the Company prior to such date). No supplemental indenture is required
         with respect to any Subsidiary Guarantor that has duly authorized,
         executed and delivered this Indenture on the date hereof.

                                       50
<PAGE>

                                  ARTICLE FIVE

                              SUCCESSOR CORPORATION

Section 5.01. Merger; Consolidation or Sale of All or Substantially All Assets.

                  The Company shall not, directly or indirectly: (1) consolidate
         or merge with or into another Person (whether or not the Company is the
         surviving corporation); or (2) directly or indirectly sell, assign,
         transfer, convey, lease or otherwise dispose of all or substantially
         all of the properties or assets of the Company and its Subsidiaries
         taken as a whole, in one or more related transactions, to another
         Person or Persons; unless:

                  (1) either: (a) the Company is the surviving corporation; or
         (b) the Person formed by or surviving any such consolidation or merger
         (if other than the Company) or to which such sale, assignment,
         transfer, conveyance or other disposition shall have been made (i) is a
         corporation organized and existing under the laws of the United States,
         any state thereof or the District of Columbia, and (ii) expressly
         assumes, by a supplemental indenture executed and delivered to the
         Trustee, in form satisfactory to the Trustee, all the obligations of
         the Company under the Notes, this Indenture and the Registration Rights
         Agreement;

                  (2) immediately after giving effect such transaction, no
         Default or Event of Default exists;

                  (3) immediately after giving effect to such transaction on a
         pro forma basis, the Company or the Person formed by or surviving any
         such consolidation or merger (if other than the Company), or to which
         such sale, assignment, transfer, conveyance or other disposition shall
         have been made:

                           (a) will have Consolidated Net Worth immediately
                  after the transaction equal to or greater than the
                  Consolidated Net Worth of the Company immediately preceding
                  the transaction; and

                           (b) will, on the date of such transaction after
                  giving pro forma effect thereto and any related financing
                  transactions as if the same had occurred at the beginning of
                  the applicable four-quarter period, be permitted to incur at
                  least $1.00 of additional Indebtedness pursuant to the Fixed
                  Charge Coverage Ratio test set forth in the first paragraph of
                  Section 4.09; and

                  (4) each Subsidiary Guarantor, unless such Subsidiary
         Guarantor is the Person with which the Company has entered into a
         transaction under this Section 5.01, shall have by supplemental
         indenture to its Subsidiary Guarantee confirmed that its Subsidiary
         Guarantee shall apply to the obligations of the Company or the
         Surviving Person in accordance with the Notes and the Indenture and its
         obligations under the Registration Rights Agreement shall continue to
         be in effect; and

                  (5) the Company shall have delivered to the Trustee an
         Officers' Certificate and an Opinion of Counsel, each stating that such
         consolidation, merger, sale, assignment, transfer or conveyance and
         such supplemental indenture (if any) comply with the Indenture.

                  This Section 5.01 shall not apply to any Qualifying Services
         Division Sale or any merger, consolidation, sale, assignment, transfer,
         conveyance, lease or other disposition of assets between or among the
         Company and any of its Restricted Subsidiaries. For purposes of this
         Section 5.01, the sale, assignment, transfer, conveyance, lease or
         other disposition of all or substantially all of the properties and
         assets of one or more Subsidiaries of the Company, which properties and
         assets, if held by the Company instead of such Subsidiaries, would
         constitute all or substantially all of the properties and assets of the
         Company on a consolidated basis, shall be deemed to be the transfer of
         all or substantially all of the properties and assets of the Company.

                                       51
<PAGE>

Section 5.02. Successor Corporation Substituted.

                  Upon any consolidation or merger, or any sale, assignment,
         transfer, conveyance, lease or other disposition of all substantially
         all of the assets of the Company in accordance with Section 5.01
         hereof, the successor corporation formed by such consolidation or into
         or with which the Company is merged or to which such sale, assignment,
         transfer, conveyance or other disposition is made shall succeed to, and
         be substituted for (so that from and after the date of such
         consolidation, merger, sale, assignment, transfer conveyance or other
         disposition, the provisions of this Indenture referring to the
         "Company" shall refer instead to the successor corporation and not to
         the Company), and may exercise every right and power of, the Company
         under this Indenture with the same effect as if such successor Person
         had been named as the Company herein; and thereafter the predecessor
         Company shall be relieved of all further obligations and covenants
         under this Indenture and the Notes.

                                  ARTICLE SIX

                              DEFAULTS AND REMEDIES

Section 6.01. Events of Default.

         Each of the following is an "Event of Default":

                  (1) default for 30 days in the payment when due of interest
         (including any additional interest) on the Notes whether or not
         prohibited by the provisions of Article Ten of this Indenture;

                  (2) default in payment when due (whether at maturity, upon
         acceleration, redemption or otherwise, including the failure to
         repurchase Notes tendered pursuant to a Change of Control Offer or an
         Asset Sale Offer on the date specified for such payment in the
         applicable offer to purchase) of the principal of, or premium, if any,
         on the Notes, whether or not prohibited by the provisions of Article
         Ten of this Indenture;

                  (3) failure (other than a default described in clause (2)
         above) by the Company or any of its Restricted Subsidiaries to comply
         with the provisions of Sections 4.11, 4.16 and 5.01 hereof for 45 days
         after written notice by the Trustee or Holders representing 25% or more
         of the aggregate principal amount of Notes outstanding to comply with
         such provisions;

                  (4) failure by the Company or any of its Restricted
         Subsidiaries for 60 days after written notice by the Trustee or Holders
         representing 25% or more of the aggregate principal amount of NOTES
         outstanding to comply with any of the other agreements in this
         Indenture;

                  (5) default under any mortgage, indenture or instrument under
         which there may be issued or by which there may be secured or evidenced
         any Indebtedness for money borrowed by the Company or any of its
         Restricted Subsidiaries (or the payment of which is Guaranteed by the
         Company or any of its Restricted Subsidiaries) whether such
         Indebtedness or Guarantee now exists, or is created after the date of
         this Indenture, if that default:

                           (a) is caused by a failure to pay principal of,
                  premium, if any, or interest on such I Indebtedness at final
                  maturity thereof; or

                           (b) results in the acceleration of such Indebtedness
                  prior to its final maturity,

         and, in each case, the principal amount of any such Indebtedness,
         together with the principal amount of any other such Indebtedness under
         which there has been a similar default aggregates $5.0 million or more,

                                       52
<PAGE>

         unless the obligation of the Company or such Restricted Subsidiary to
         pay such Indebtedness is being disputed in good faith through proper
         proceedings and such proceedings have not been determined against the
         Company or such Restricted Subsidiary;

                  (6) failure by the Company or any of its Restricted
         Subsidiaries to pay final judgments aggregating in excess of $5.0
         million, which judgments are not paid, discharged or stayed for a
         period of 60 days;

                  (7) except as permitted by this Indenture, any Subsidiary
         Guarantee shall be held in any judicial proceeding to be unenforceable
         or invalid or shall cease for any reason to be in full force and effect
         or any Subsidiary Guarantor, or any Person acting on behalf of any
         Subsidiary Guarantor, shall deny or disaffirm its obligations under its
         Subsidiary Guarantee; and

                  (8) the Company, any of its Significant Subsidiaries or any
         Subsidiaries of the Company that, taken together, would constitute a
         Significant Subsidiary, pursuant to or within the meaning of any
         Bankruptcy Law:

                           (A) commences a voluntary case,

                           (B) consents to the entry of an order for relief
                  against it in an involuntary case,

                           (C) makes a general assignment for the benefit of its
                  creditors, or

                           (D) generally is not paying its debts as they become
                  due; and

                  (9) a court of competent jurisdiction enters an order or
         decree under any Bankruptcy Law that:

                           (i) is for relief against the Company, any of its
                  Significant Subsidiaries or any Subsidiaries of the Company
                  that, taken together, would constitute a Significant
                  Subsidiary, in an involuntary case;

                           (ii) appoints a custodian for the Company, any of its
                  Significant Subsidiaries or any Subsidiaries of the Company
                  that, taken together, would constitute a Significant
                  Subsidiary, or for all or substantially all of the properties
                  of the Company, any of its Significant Subsidiaries or any
                  Subsidiaries of the Company that, taken together, would
                  constitute a Significant Subsidiary; or

                           (iii) orders the liquidation of the Company, any of
                  its Significant Subsidiaries or any Subsidiaries of the
                  Company that, taken together, would constitute a Significant
                  Subsidiary;

         and the order or decree remains unstayed and in effect for 60
         consecutive days.

                  The term "Bankruptcy Law" means Title 11, U.S. Code or any
         similar federal or state law for the relief of debtors. The term
         "Custodian" means any receiver, trustee, assignee, liquidator or
         similar official under any Bankruptcy Law.

Section 6.02. Acceleration.

                  If an Event of Default (other than an Event of Default
         specified in clauses 8 and 9 above) under Section 6.01 occurs and is
         continuing, then and in every such case the Trustee or the Holders of
         not less than 25% in aggregate principal amount of the outstanding
         Notes may declare the unpaid principal of, premium, if any, and accrued
         and unpaid interest on, all the Notes then outstanding to be due and
         payable, by a notice in writing to the Company (and to the Trustee, if
         given by Holders) specifying the respective Event of Default and upon
         any such declaration such principal, premium, if any, and accrued and
         unpaid interest shall become immediately due and payable; provided,
         however, that so long as any Obligations

                                       53
<PAGE>

         under any Credit Facilities shall be outstanding, the acceleration
         shall not be effective until the earlier of (1) an acceleration of
         Indebtedness under such Credit Facilities or (2) five business days
         after receipt by the Company and the agent under such Credit Facilities
         of written notice of such declaration of acceleration of the Notes. If
         an Event of Default specified in clauses 8 or 9 above occurs, all
         unpaid principal of, and accrued interest on, the Notes then
         outstanding will become due and payable immediately, without any
         declaration or other act on the part of the Trustee or any Holder.

                  If any Event of Default occurs by reason of any willful action
         or inaction taken or not taken by or on behalf of the Company with the
         intention of avoiding payment of the premium that the Company would
         have had to pay if the Company then had elected to redeem the Notes
         pursuant to the optional redemption provisions of Section 3.07, then,
         upon acceleration of the Notes, an equivalent premium shall also become
         and be immediately due and payable, to the extent permitted by law,
         anything in this Indenture or in the Notes to the contrary
         notwithstanding. If an Event of Default occurs during any time that the
         Notes are outstanding, by reason of any willful action or inaction
         taken or not taken by or on behalf of the Company with the intention of
         avoiding the prohibition on redemption of the Notes, then, the premium
         specified in this Indenture shall also become immediately due and
         payable to the extent permitted by law upon the acceleration of the
         Notes.

                  If (i) (A) the Company or any Subsidiary Guarantor has paid or
         deposited with such Trustee a sum sufficient to pay (1) all overdue
         installments of interest on all the Notes, (2) the principal of, and
         premium, if any, on any Notes that have become due otherwise than by
         such declaration of acceleration and interest thereon at the rate or
         rates prescribed therefor in the Notes, (3) to the extent that payment
         of such interest is lawful, interest on the defaulted interest at the
         rate or rates prescribed therefor in the Notes, and (4) all money paid
         or advanced by the Trustee thereunder and the reasonable compensation,
         expenses, disbursements and advances of the Trustee, its agents and
         counsel; (B) all Events of Default, other than the nonpayment of the
         principal of any Notes that have become due solely by such declaration
         of acceleration, have been cured or waived as provided in this
         Indenture; and (C) the rescission would not conflict with any judgment
         or decree of a court of competent jurisdiction and (ii) the Holders of
         a majority in aggregate principal amount of then outstanding Notes give
         written notice to the Company, the Subsidiary Guarantors and the
         Trustee of their desire to rescind and annul a declaration of
         acceleration and its consequences, then such declaration of
         acceleration shall be deemed rescinded and annulled. No such rescission
         will affect any subsequent Event of Default or impair any right
         consequent thereon.

Section 6.03. Other Remedies.

                  If an Event of Default occurs and is continuing, the Trustee
         may pursue, in its own name and as trustee of an express trust, any
         available remedy by proceeding at law or in equity to collect the
         payment of principal or interest on the Notes or to enforce the
         performance of any provision of the Notes or this Indenture.

                  The Trustee may maintain a proceeding even if it does not
         possess any of the Notes or does not produce any of them in the
         proceeding. A delay or omission by the Trustee or any Holder in
         exercising any right or remedy accruing upon an Event of Default shall
         not impair the right or remedy or constitute a waiver of or
         acquiescence in the Event of Default. No remedy is exclusive of any
         other remedy. All available remedies are cumulative to the extent
         permitted by law.

Section 6.04. Waiver of Past Defaults.

                  Subject to Sections 6.07 and 9.02, the Holders of at least a
         majority in aggregate principal amount of Notes then outstanding by
         notice to the Trustee may waive an existing Default or Event of Default
         and its consequences, or rescind an acceleration and its consequences
         if the rescission would not conflict with any judgment or decree and if
         all existing Defaults or Events of Default (except nonpayment of
         principal, interest or premium that has become due solely because of
         the acceleration) have been cured or waived, in each case, except a
         continuing Default or Event of Default in payment of principal,
         premium, if any, or

                                       54
<PAGE>

         interest on the Notes, including any optional redemption payments or
         Change of Control or Asset Sale Offer payments.

Section 6.05. Control by Majority.

                  The Holders of a majority in aggregate principal amount of the
         Notes then outstanding will have the right, by an instrument or
         concurrent instruments in writing executed and delivered to the
         Trustee, to direct the time, method and place of conducting any
         proceeding for exercising any remedy available to the Trustee under
         this Indenture or exercising any trust or power conferred on such
         Trustee; provided that the Trustee (i) may refuse to follow any
         direction that is in conflict with any rule of law or with this
         Indenture, that may involve the Trustee in personal liability, or that
         the Trustee determines in good faith may be prejudicial to the rights
         of Holders of Notes not joining in the giving of such direction and
         (ii) may take any other action it deems proper that is not inconsistent
         with any such direction received from Holders of Notes.

Section 6.06. Limitation on Remedies.

                  No Holder of any of the Notes will have any right to institute
         any proceeding, judicial or otherwise, or for the appointment of a
         receiver or trustee or pursue any remedy under this Indenture, unless:

                  (1) such Holder has previously given written notice to the
         Trustee of a continuing Event of Default;

                  (2) the Holders of not less than 25% in aggregate principal
         amount of the outstanding Notes have made written request to such
         Trustee to pursue such remedy, including, if applicable, to institute
         proceedings in respect of such Event of Default in its own name as
         Trustee under this Indenture;

                  (3) such Holder or Holders have offered to such Trustee
         reasonable indemnity and security satisfactory to the Trustee against
         the costs, expenses and liabilities to be incurred in compliance with
         such request;

                  (4) such Trustee for 60 days after its receipt of such notice,
         request and offer of indemnity has failed to institute such requested
         proceeding; and

                  (5) no direction inconsistent with such written request has
         been given to such Trustee during such 60-day period by the Holders of
         a majority in aggregate principal amount of the outstanding Notes.

                  A Holder may not use this Indenture to prejudice the rights of
         another Holder or to obtain a preference or priority over other
         Holders.

Section 6.07. Rights of Holders to Receive Payment.

                  Notwithstanding any other provision of this Indenture, the
         Holder of any Notes will have the right, which is absolute and
         unconditional, to receive payment of the principal of and interest on
         such Notes on the Stated Maturity therefor and to institute suit for
         the enforcement of any such payment, and such right may not be impaired
         without the consent of such Holder.

Section 6.08. Collection Suit by Trustee.

                  If an Event of Default in payment of principal, premium, if
         any, or interest specified in Section 6.01(l) or (2) occurs and is
         continuing, the Trustee may recover judgment in its own name and as
         trustee of an express trust against the Company or any Subsidiary
         Guarantor for the whole amount of principal, premium, if any, and
         interest remaining unpaid with respect to the Notes, and interest on
         overdue principal and premium, if any, and, to the extent lawful,
         interest on overdue interest, and such further amounts as

                                       55
<PAGE>

         shall be sufficient to cover the costs and expenses of collection,
         including the reasonable compensation and expenses of the Trustee, its
         agents and counsel.

Section 6.09. Trustee May File Proofs of Claim.

         (a) The Trustee may file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the
Trustee and the Holders allowed in any judicial proceedings relative to the
Company, the Subsidiary Guarantors, their creditors or their property and may
collect and receive any money or other property payable or deliverable on any
such claims and to distribute the same.

         (b) Nothing herein contained shall be deemed to authorize the Trustee
to authorize or consent to or accept or adopt on behalf of any Holder any plan
of reorganization, arrangement, adjustment or composition affecting the Notes or
the rights of any Holder thereof, or to authorize the Trustee to vote in respect
of the claim of any Holder in any such proceeding.

Section 6.10. Priorities.

         If the Trustee collects any money pursuant to this Article Six, it
shall pay out the money in the following order:

             First:     to the Trustee for amounts due under Section 7.07;

             Second:    to Holders of Senior Debt to the extent required by
                        Article Ten;

             Third:     to Holders for amounts due and unpaid on the Notes for
                        principal, premium, if any, and interest, ratably,
                        without preference or priority of any kind, according
                        to the amounts due and payable on the Notes for
                        principal, premium, if any, and interest, respectively;
                        and,

             Fourth     to the Company.

         The Trustee may fix a record date and payment date for any payment to
Holders pursuant to this Section 6.10.

Section 6.11. Undertaking for Costs.

                  In any suit for the enforcement of any right or remedy under
         this Indenture or in any suit against the Trustee for any action taken
         or omitted by it as Trustee, a court in its discretion may require the
         filing by any party litigant in the suit of an undertaking to pay the
         costs of the suit, and the court in its discretion may assess
         reasonable costs, including reasonable attorney's fees and expenses,
         against any party litigant in the suit, having due regard to the merits
         and good faith of the claims or defenses made by the party litigant.
         The foregoing shall not apply to a suit by the Trustee, a suit by a
         holder pursuant to Section 6.07 hereof, or a suit by Holders of more
         than 10% in aggregate principal amount of the then outstanding Notes.

                                       56
<PAGE>

                                 ARTICLE SEVEN

                                     TRUSTEE

Section 7.01. Duties of Trustee.

         (a) If an Event of Default has occurred and is continuing, the Trustee
shall exercise such rights and powers vested in it by this Indenture and use the
same degree of care and skill in such exercise as a prudent person would
exercise or use under the circumstances in the conduct of such person's own
affairs.

         (b) Except during the continuance of an Event of Default:

                  (1) The Trustee need perform only those duties that are
         specifically set forth (or incorporated by reference) in this Indenture
         and no implied covenants or obligations shall be read into this
         Indenture against Trustee.

                  (2) In the absence of bad faith on its part, the Trustee may
         conclusively rely, as to the truth of the statements and the
         correctness of the opinions expressed therein, upon certificates or
         opinions furnished to the Trustee and conforming to the requirements of
         this Indenture. However, in the case of any such certificates or
         opinions which by any provision hereof are specifically required to be
         furnished to the Trustee, the Trustee shall examine such certificates
         and opinions to determine whether or not they conform to the
         requirements of this Indenture (but need not confirm or investigate the
         accuracy of mathematical calculations or other facts stated therein).

         (c) The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act, or its own willful
misconduct, except that:

                  (1) This paragraph (c) does not limit the effect of paragraph
         (b) of this Section.

                  (2) The Trustee shall not be liable for any error of judgment
         made in good faith by an officer of the Trustee, unless it is proved
         that the Trustee was negligent in ascertaining the pertinent facts.

                  (3) The Trustee shall not be liable with respect to action it
         takes or omits to take in good faith in accordance with a direction
         received by it pursuant to Section 6.05, and the Trustee shall be
         entitled from time to time to request such a direction.

         (d) Every provision of this Indenture that in any way relates to the
Trustee is subject to paragraphs (a), (b) and (c) of this Section.

         (e) The Trustee shall be under no obligation and may refuse to perform
any duty or exercise any right or power unless it receives indemnity
satisfactory to it against any loss, liability or expense.

         (f) The Trustee shall not be liable for interest on any money received
by it except as the Trustee may agree in writing with the Company. Money held in
trust by the Trustee need not be segregated from other funds except to the
extent required by law.

Section 7.02. Rights of Trustee.

                  Subject to Section 7.01:

         (a) The Trustee may conclusively rely on and shall be protected in
acting or refraining from acting upon any document (whether in its original or
facsimile form) believed by it to be genuine and to have been signed or
presented by the proper person. The Trustee shall not be bound to make any
investigation into the facts or matters

                                       57
<PAGE>

stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture or other paper or
document.

         (b) Before the Trustee acts or refrains from acting, it may require an
Officers' Certificate or an Opinion of Counsel. The Trustee shall not be liable
for any action it takes or omits to take in good faith in reliance on such
certificate or opinion.

         (c) The Trustee may act through agents and shall not be responsible for
the misconduct or negligence of any agent appointed with due care.

         (d) The Trustee shall not be liable for any action it takes or omits to
take in good faith which it believes to be authorized or within its rights or
powers.

         (e) The Trustee may consult with counsel of its selection and the
advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted
by it hereunder in good faith and in reliance thereon.

         (f) The Trustee shall not be deemed to have notice of any Default or
Event of Default unless a Responsible Officer of the Trustee has actual
knowledge thereof or unless written notice of any event which is in fact such a
default is received by the Trustee at the Corporate Trust Office of the Trustee,
and such notice references the Notes and this Indenture.

         (g) The Trustee shall be under no obligation to exercise any of the
rights or powers vested in it by this Indenture at the request or direction of
any of the Holders pursuant to this Indenture, unless such Holders shall have
offered to the Trustee security or indemnity satisfactory to the Trustee against
the costs, expenses and liabilities that might be incurred by it in compliance
with such request or direction;

         (h) The rights, privileges, protections, immunities and benefits given
to the Trustee, including, without limitation, its right to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder, and to each agent, custodian and other Person employed to act
hereunder; and

         (i) The Trustee may request that the Company deliver an Officers'
Certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture,
which Officers' Certificate may be signed by any person authorized to sign an
Officers' Certificate, including any person specified as so authorized in any
such certificate previously delivered and not superseded.

Section 7.03. Individual Rights of Trustee.

                  The Trustee in its individual or any other capacity may become
         the owner or pledgee of Notes and may otherwise deal with the Company
         or its Subsidiaries or Affiliates with the same rights it would have if
         it were not Trustee. However, in the event that the Trustee acquires
         any conflicting interest it must eliminate such conflict within 90
         days, apply to the Commission for permission to continue as trustee or
         resign. Any Agent may do the same with like rights. However, the
         Trustee must comply with Sections 7.10 and 7.11.

Section 7.04. Trustee's Disclaimer.

                  The Trustee makes no representation as to the validity or
         adequacy of this Indenture or the Notes, it shall not be accountable
         for the Company's use of the proceeds from the Notes, and it shall not
         be responsible for any statement in the Notes other than its
         certificate of authentication.

                                       58
<PAGE>

Section 7.05. Notice of Defaults.

                  If a Default occurs and is continuing and if it is actually
         known to the Trustee, the Trustee shall mail to each Holder pursuant to
         Section 14.02 a notice of the Default within 90 days after the
         occurrence thereof. Except in the case of a Default in any payment on
         any Note, the Trustee may withhold the notice if and so long as the
         board of directors, executive committee or a trust committee of its
         directors and/or officers in good faith determines that withholding the
         notice is in the interests of Holders.

Section 7.06. Reports by Trustee to Holders.

                  Within 60 days after each May 15, beginning with May 15, 2004,
         the Trustee shall mail to each Holder a brief report dated as of such
         May 15, that complies with TIA Section 313(a), but only if such report
         is required in any year under TIA Section 313(a). The Trustee also
         shall comply with TIA Sections 313(b) and 313(c).

                  A copy of each report at the time of its mailing to Holders
         shall be mailed by the Trustee to the Company and filed by the Trustee
         with the Commission and each stock exchange on which the Notes are
         listed. The Company shall promptly notify the Trustee in writing if the
         Notes become listed on any national securities exchange or of any
         delisting thereof.

Section 7.07. Compensation and Indemnity.

                  The Company and the Subsidiary Guarantors jointly and
         severally agree to pay the Trustee from time to time such compensation
         as the Company and the Trustee shall from time to time agree in writing
         for its services rendered by it hereunder (which compensation shall not
         be limited by any provision of law in regard to the compensation of a
         trustee of an express trust). The Company and the Subsidiary Guarantors
         jointly and severally agree to reimburse the Trustee upon request for
         all reasonable out-of-pocket expenses, disbursements and advances
         incurred by it. Such expenses may include the reasonable compensation
         and expenses of the Trustee's agents and counsel.

                  The Trustee shall not be under any obligation to institute any
         suit, or take any remedial action under this Indenture, or to enter any
         appearance or in any way defend any suit in which it may be a
         defendant, or to take any steps in the execution of the trusts created
         hereby or thereby or in the enforcement of any rights and powers under
         this Indenture, until it shall be indemnified to its satisfaction
         against any and all reasonable expenses, disbursements and advances
         incurred or made by the Trustee in accordance with any provisions of
         this Indenture, including compensation for services, costs, expenses,
         outlays, counsel fees and other disbursements, and against all
         liability not due to its negligence or willful misconduct. The Company
         and the Subsidiary Guarantors jointly and severally agree to indemnify
         each of the Trustee and any predecessor trustee and their agents for
         and to hold them harmless against any and all loss, liability, damage,
         claim or expense, including taxes (other than taxes based on the income
         of Trustee) incurred by it in connection with the acceptance and
         administration of the trust and its duties hereunder as Trustee,
         Registrar and/or Paying Agent including the costs and expenses of
         defending itself against any claim or liability in connection with the
         exercise or performance of any of its powers or duties hereunder. The
         Trustee shall promptly notify the Company and the Subsidiary Guarantors
         in writing of any claim of which a Trust Officer has received written
         notice and for which it may seek indemnity; provided, however, unless
         the position of the Company is prejudiced by such failure, the failure
         of the Trustee to promptly notify the Company shall not limit its right
         to indemnification. The Company shall defend each such claim and the
         Trustee shall cooperate in the defense. The Trustee may retain separate
         counsel if the Trustee shall have been reasonably advised by such
         counsel that there may be one or more legal defenses available to it
         that are different from or additional to those available to the Company
         and in the reasonable judgment of such counsel it is advisable for the
         Trustee to employ separate counsel, and the Company shall reimburse the
         Trustee for the reasonable fees and expenses of such counsel. The
         Company need not pay for any settlement made without its consent which
         consent shall not be unreasonably witheld.

                                       59
<PAGE>

                  Neither the Company nor the Subsidiary Guarantors shall be
         obligated to reimburse any expense or indemnify against any loss or
         liability determined by a court of competent jurisdiction to have been
         caused by the Trustee through the Trustee's own negligence, willful
         misconduct or breach of its duties under this Indenture.

                  To secure the payment obligations of the Company and the
         Subsidiary Guarantors in this Section, the Trustee shall have a lien
         prior to that of the Holders of the Notes on all money or property held
         or collected by the Trustee for any amount owing it or any predecessor
         trustee pursuant to this section, except that held in trust to pay
         principal of and interest on particular Notes.

                  When the Trustee incurs expenses or renders services after the
         occurrence of any Event of Default specified in Section 6.01(8) or (9),
         the expenses (including the reasonable charges and expenses of its
         counsel) and the compensation for the services are intended to
         constitute expenses of administration under any Bankruptcy Law.

                  The provisions of this Section shall survive the termination
         of this Indenture and resignation or removal of the Trustee.

Section 7.08. Replacement of Trustee.

                  The Trustee may resign by so notifying the Company and the
         Subsidiary Guarantors in writing. The Holders of a majority in
         aggregate principal amount of the Notes may remove the Trustee by so
         notifying the Trustee, in writing. The Company may remove the Trustee
         if:

                  (1) the Trustee fails to comply with Section 7.10;

                  (2) the Trustee is adjudged a bankrupt or an insolvent;

                  (3) a receiver or other public officer takes charge of the
         Trustee or its property; or

                  (4) the Trustee becomes incapable of acting as Trustee
         hereunder.

                  If the Trustee resigns or is removed or if a vacancy exists in
         the office of Trustee for any reason, the Company shall promptly
         appoint a successor Trustee. Within one year after the successor
         Trustee takes office, the Holders of a majority in aggregate principal
         amount of the Notes may appoint a successor Trustee to replace the
         successor Trustee appointed by the Company.

                  A successor Trustee shall deliver a written acceptance of its
         appointment to the retiring Trustee and to the Company and the
         Subsidiary Guarantors. Immediately after that, the retiring Trustee
         shall transfer all property held by it as Trustee to the successor
         Trustee, subject to the lien provided for in Section 7.07, the
         resignation or removal of the retiring Trustee shall become effective,
         and the successor Trustee shall have all the rights, powers and duties
         of the Trustee under this Indenture. A successor Trustee shall mail
         notice of its succession to each Holder.

                  If a successor Trustee does not take office within 60 days
         after the retiring Trustee resigns or is removed, the retiring Trustee
         (at the expense of the Company), the Company or the Holders of a
         majority in aggregate principal amount of the Notes may petition any
         court of competent jurisdiction for the appointment of a successor
         Trustee.

                  If the Trustee fails to comply with Section 7.10, any Holder
         may petition any court of competent jurisdiction for the removal of the
         Trustee and the appointment of a successor Trustee. Any successor
         Trustee shall comply with TIA Section 310(a)(5).

                                       60
<PAGE>

Section 7.09. Successor Trustee by Merger, Etc.

                  If the Trustee consolidates, merges or converts into, or
         transfers all or substantially all of its corporate trust assets to,
         another corporation, the successor corporation without any further act
         shall be the successor Trustee; provided that such corporation or
         association shall be otherwise eligible and qualified under this
         Article.

Section 7.10. Eligibility; Disqualification.

                  There will at all times be a trustee hereunder that is a
         corporation organized and doing business under the laws of the United
         States of America or of any state thereof that is authorized under such
         laws to exercise corporate trustee power, that is subject to
         supervision or examination by federal or state authorities and that has
         a combined capital and surplus of at least $50 million as set forth in
         its most recent published annual report of condition.

                  This Indenture will always have a trustee who satisfies the
         requirements of TIA (ss.) 310(a)(1), (2) and (5). The Trustee shall
         also comply with TIA (ss.) 310(b).

Section 7.11. Preferential Collection of Claims Against Company.

                  The Trustee shall comply with TIA Section 311(a), excluding
         any creditor relationship listed in TIA Section 311(b). A Trustee who
         has resigned or been removed shall be subject to TIA Section 311(a) to
         the extent indicated therein.

                                 ARTICLE EIGHT

                     SATISFACTION AND DISCHARGE OF INDENTURE

Section 8.01. Termination of Company's Obligations.

                  (i) Subject to the provisions of Sections 8.04 and 8.05
         hereof, this Indenture shall cease to be of further effect as to all
         Notes issued hereunder, and the Trustee, at the expense of the Company,
         shall execute proper instruments acknowledging satisfaction and
         discharge of this Indenture when:

                  (1)      either:

                  (a) all Notes that have been authenticated (except lost,
         stolen or destroyed Notes that have been replaced or paid and Notes for
         whose payment money has theretofore been deposited in trust and
         thereafter repaid to the Company) have been delivered to the Trustee
         for cancellation; or

                  (b) all Notes that have not been delivered to the Trustee for
         cancellation have become due and payable by reason of the making of a
         notice of redemption or otherwise or will become due and payable within
         one year and the Company or any Subsidiary Guarantor has irrevocably
         deposited or caused to be deposited with the Trustee as trust funds in
         trust solely for the benefit of the Holders, cash in U.S. dollars, U.S.
         Government Obligations, or a combination thereof, in such amounts as
         will be sufficient without consideration of any reinvestment of
         interest, to pay and discharge the entire indebtedness on the Notes not
         delivered to the Trustee for cancellation for principal, premium, if
         any, and accrued interest to the date of maturity or redemption;

                  (2) no Default or Event of Default shall have occurred and be
         continuing on the date of such deposit or shall occur as a result of
         such deposit and such deposit will not result in a breach or violation
         of,

                                       61
<PAGE>

         or constitute a default under, any other instrument to which the
         Company or any Subsidiary Guarantor is a party or by which the Company
         or any Subsidiary Guarantor is bound;

                  (3) the Company or any Subsidiary Guarantor has paid or caused
         to be paid all sums payable by it hereunder; and

                  (4) the Company has delivered irrevocable instructions to the
         Trustee hereunder to apply the deposited money toward the payment of
         the Notes at maturity or the redemption date, as the case may be; and

                  (5) the Company has delivered to the Trustee an Officers'
         Certificate and an Opinion of Counsel, each stating that all conditions
         precedent herein provided for relating to the satisfaction and
         discharge of this Indenture have been satisfied.

                  (ii) Notwithstanding the above, the Trustee shall pay to the
         Company from time to time upon its request any cash or U.S. Government
         Obligations held by it as provided in this section which, in the
         opinion of a nationally recognized firm of independent public
         accountants expressed in a written certification delivered to the
         Trustee, are in excess of the amount thereof that would then be
         required to be deposited to effect a satisfaction and discharge under
         this Article Eight.

Section 8.02. Application of Trust Money.

                  The Trustee shall hold in trust money or U.S. Government
         Obligations deposited with it pursuant to Section 8.01. It shall apply
         the deposited money and the money from U.S. Government Obligations
         through the Paying Agent and in accordance with the provisions of the
         Notes and this Indenture to the payment of principal of, premium, if
         any, and interest on the Notes.

Section 8.03. Repayment to the Company.

                  Any money deposited with the Trustee in trust for the payment
         of the principal of, premium, if any, or interest on any Note and
         remaining unclaimed for two years after such principal, and premium, if
         any, or interest has become due and payable shall be paid to the
         Company on its request; and the Holder of such Note shall thereafter
         look only to the Company for payment thereof, and all liability of the
         Trustee with respect to such trust money shall thereupon cease;
         provided, however, that the Trustee, before being required to make any
         such repayment, may at the expense of the Company cause to be published
         once, in the New York Times or Wall Street Journal (national edition),
         notice that such money remains unclaimed and that, after a date
         specified therein, which shall not be less than 30 days from the date
         of such notification or publication, any unclaimed balance of such
         money then remaining shall be repaid to the Company.

Section 8.04. Survival.

                  In the event that the Company makes (or causes to be made) an
         irrevocable deposit with the Trustee for the benefit of the Holders
         pursuant to Section 8.01(1)(b) hereof, prior to the date of maturity or
         redemption, as the case may be, the following provisions of the
         Indenture shall survive until otherwise terminated or discharged
         hereunder:

                  (1) the rights of Holders of outstanding Notes to receive
         payments in respect of the principal of, premium, if any, and interest
         on such Notes when such payments are due from the trust;

                  (2) the Company's obligations with respect to such Notes under
         Article Two and Section 4.04 hereof;

                                       62
<PAGE>

                  (3) the rights, powers, trusts, duties and immunities of the
         Trustee hereunder and the Company's obligations in connection
         therewith; and

                  (4) this Article Eight.

Section 8.05. Reinstatement

                  If the Trustee or Paying Agent is unable to apply any United
         States dollars or U.S. Government Obligations in accordance with
         Section 8.02 hereof, as the case may be, by reason of any order or
         judgment of any court or governmental authority enjoining, restraining
         or otherwise prohibiting such application, then the Company's
         obligations under this Indenture and the Notes shall be revived and
         reinstated as though no deposit had occurred pursuant to Section
         8.01(1)(b) hereof until such time as the Trustee or Paying Agent is
         permitted to apply all such money in accordance with Section 8.02
         hereof; provided, however, that, if the Company makes any payment of
         principal of, premium, if any, or interest on any Note following the
         reinstatement of its obligations, the Company shall be subrogated to
         the rights of the Holders of such Notes to receive such payment from
         the money held by the Trustee or Paying Agent.

                                  ARTICLE NINE

                       AMENDMENTS, SUPPLEMENTS AND WAIVERS

Section 9.01. Without Consent of Holders.

                  The Company, the Subsidiary Guarantors and the Trustee may
         modify, amend or supplement this Indenture or the Notes without notice
         to or consent of any Holder:

                  (1) to cure any ambiguity, defect or inconsistency;

                  (2) to provide for uncertificated Notes in addition to or in
         place of certificated Notes;

                  (3) to provide for the assumption of the Company's or any
         Subsidiary Guarantor's obligations to the Holders of the Notes in the
         case of a merger or consolidation or sale of all or substantially all
         of the Company's or such Subsidiary Guarantor's assets pursuant to the
         provisions of Section 5.01, 4.20(B) or 4.22;

                  (4) to make any change that would provide any additional
         benefit or rights to the Holders or that does not adversely affect the
         legal rights hereunder of any such Holder;

                  (5) to comply with requirements of the Commission in order to
         effect or maintain the qualification of this Indenture under the TIA;

                  (6) to comply with Sections 4.20(C) and 4.22;

                  (7) to evidence and provide for the acceptance of appointment
         by a successor Trustee;

                  (8) to provide for the issuance of Additional Notes in
         accordance with the limitations set forth in this Indenture as of the
         date hereof; or

                  (9) to allow any Subsidiary of the Company or any of its
         Subsidiaries to execute a supplemental indenture to become a Subsidiary
         Guarantor or to execute a Subsidiary Guarantee with respect to the
         Notes.

                                       63
<PAGE>

                  Upon the request of the Company and the Subsidiary Guarantors,
         accompanied by a Board Resolution of the Company and each Subsidiary
         Guarantor authorizing the execution of any such supplemental indenture,
         and upon receipt by the Trustee of the documents described in Section
         9.06, the Trustee will join with the Company and the Subsidiary
         Guarantors in the execution of any supplemental indenture authorized or
         permitted by the terms of this Indenture and make any further
         appropriate agreements and stipulations that may be therein contained.
         After an amendment or waiver under this Section becomes effective, the
         Company (or, upon the written request of the Company, the Trustee in
         the name and at the expense of the Company) shall mail to the Holders
         of each Note affected thereby a notice briefly describing the amendment
         or waiver. Any failure of the Company to mail such notice, or any
         defect therein, shall not, however, in any way impair or affect the
         validity of any such supplemental indenture.

Section 9.02. With Consent of Holders.

                  Except as provided below in this Section 9.02, the Company,
         the Subsidiary Guarantors and the Trustee may amend this Indenture or
         the Notes with the written consent (including consents obtained in
         connection with a tender offer or exchange offer for Notes or a
         solicitation of consents in respect of Notes, provided that in each
         case such offer or solicitation is made to all Holders of then
         outstanding Notes on equal terms) of the Holders of at least a majority
         in aggregate principal amount of the then outstanding Notes.

                  Upon the request of the Company and the Subsidiary Guarantors,
         accompanied by a Board Resolution of the Company and each Subsidiary
         Guarantor authorizing the execution of any such supplemental indenture,
         and upon the filing with the Trustee of evidence of the consent of the
         Holders as aforesaid, and upon receipt by the Trustee of the Opinion of
         Counsel documents described in Section 9.06, the Trustee will join with
         the Company and the Subsidiary Guarantors in the execution of such
         supplemental indenture.

                  It shall not be necessary for the consent of the Holders under
         this Section to approve the particular form of any proposed amendment
         or waiver, but it shall be sufficient if such consent approves the
         substance thereof.

                  The Holders of a majority in aggregate principal amount of the
         then outstanding Notes may waive compliance in a particular instance by
         the Company or the Subsidiary Guarantors with any provision of this
         Indenture or the Notes (including waivers obtained in connection with a
         tender offer or exchange offer for Notes or a solicitation of consents
         in respect of Notes, provided that in each case such offer or
         solicitation is made to all Holders of the then outstanding Notes on
         equal terms). However, without the consent of each Holder affected, an
         amendment or waiver under this Section 9.02 may not (with respect to
         any Notes held by a non-consenting Holder):

                  (1) reduce the principal amount of Notes whose Holders must
         consent to an amendment, supplement or waiver;

                  (2) reduce the principal of or change the fixed maturity of
         any Note or alter the provisions, or waive any payment, with respect to
         the redemption of the Notes;

                  (3) reduce the rate of or change the time for payment of
         interest on any Note;

                  (4) waive a Default or Event of Default in the payment of
         principal of, premium, if any, or interest on the Notes (except a
         rescission of acceleration of the Notes by the Holders of at least a
         majority in aggregate principal amount of the Notes and a waiver of the
         payment default that resulted from such acceleration);

                  (5) make any Note payable in money other than U.S. dollars;

                                       64
<PAGE>

                  (6) make any change in the provisions of this Indenture
         relating to waivers of past Defaults or the rights of Holders of Notes
         to receive payments of principal of, premium, if any, or interest on
         the Notes;

                  (7) release any Subsidiary Guarantor from any of its
         obligations under its Subsidiary Guarantee or the Indenture, except in
         accordance with the terms of the Indenture; or

                  (8) impair the right to institute suit for the enforcement of
         any payment on or with respect to the Notes or the Subsidiary
         Guarantees;

                  (9) amend, change or modify the obligation of the Company to
         make and consummate an Asset Sale Offer with respect to any Asset Sale
         in accordance with Section 4.11 hereof or the obligation of the Company
         to make and consummate a Change of Control Offer in the event of a
         Change of Control in accordance with Section 4.16 hereof, including, in
         each case, amending, changing or modifying any definition relating
         thereto;

                  (10) except as otherwise permitted under Sections 5.01 or 4.20
         hereof, consent to the assignment or transfer by the Company or any
         Subsidiary Guarantor of any of their rights or obligations under the
         Indenture;

                  (11) amend or modify any of the provisions of the Indenture or
         the related definitions affecting the subordination or ranking of the
         Notes or any Subsidiary Guarantee in any manner adverse to the holders
         of the Notes or any Subsidiary Guarantee; or

                  (12) make any change in the preceding amendment and waiver
         provisions.

                  The right of any Holder to participate in any consent required
         or sought pursuant to any provision of this Indenture (and the
         obligation of the Company to obtain any such consent otherwise required
         from such Holder) may be subject to the requirement that such Holder
         shall have been the Holder of record of any Notes with respect to which
         such consent is required or sought as of a date identified by the
         Trustee in a notice furnished to Holders in accordance with the terms
         of this Indenture.

Section 9.03. Compliance with Trust Indenture Act.

                  Every amendment to or supplement of this Indenture or the
         Notes shall comply with the TIA as then in effect.

Section 9.04. Revocation and Effect of Consents.

                  A consent to an amendment, supplement or waiver by a Holder of
         a Note shall bind the Holder and every subsequent Holder of a Note or
         portion of a Note that evidences the same debt as the consenting
         Holder's Note, even if notation of the consent is not made on any Note.
         However, until an amendment, supplement or waiver becomes effective,
         any such Holder or subsequent Holder may revoke the consent as to his
         Note or portion of a Note. For such revocation to be effective, the
         Trustee must receive the notice of revocation before the date the
         amendment, supplement or waiver becomes effective.

                  The Company may, but shall not be obligated to, fix a record
         date for the purpose of determining the Holders entitled to consent to
         any amendment or waiver. If the Company elects to fix a record date for
         such purpose, the record date shall be fixed at such date as the
         Company may designate. If a record date is fixed, then notwithstanding
         the provisions of the immediately preceding paragraph, those Persons
         who were Holders at such record date (or their duly designated
         proxies), and only those Persons, shall be entitled to consent to such
         amendment or waiver or to revoke any consent previously given, whether
         or not such Persons continue to be Holders after such record date. No
         consent shall be valid or effective for more than 90 days after such
         record date unless consent from the Holders of the principal amount of
         Notes required

                                       65
<PAGE>

         hereunder for such amendment or waiver to be effective also shall have
         been given and not revoked within such 90-day period.

                  After an amendment, supplement or waiver becomes effective, it
         shall bind every Holder unless it makes a change described in any of
         clauses (1) through (9) of Section 9.02. In that case the amendment,
         supplement or waiver shall bind each Holder of a Note who has consented
         to it and every subsequent Holder of a Note or portion of a Note that
         evidences the same debt as the consenting Holder's Note.

Section 9.05. Notation on or Exchange of Notes.

                  If an amendment, supplement or waiver changes the terms of a
         Note, the Trustee may require the Holder of the Note to deliver it to
         the Trustee. The Trustee may place an appropriate notation on the Note
         about the changed terms and return it to the Holder. Alternatively, if
         the Company or the Trustee so determines, the Company in exchange for
         the Note shall issue and the Trustee shall authenticate a new Note that
         reflects the changed terms.

                  Failure to make the appropriate notation or issue a new Note
         will not affect the validity and effect of such amendment, supplement
         or waiver.

Section 9.06. Trustee Protected.

                  The Trustee shall sign any amendment or supplement or waiver
         authorized pursuant to this Article. In signing such amendment or
         supplement or waiver the Trustee shall be provided with, and (subject
         to Article Seven) shall be fully protected in relying upon, an Opinion
         of Counsel stating that such amendment or supplement or waiver is
         authorized or permitted by and complies with this Indenture. The
         Trustee may, but shall not be obligated to, enter into any such
         supplemental indenture which affects the Trustee's own rights, duties
         or immunities under this Indenture or otherwise.

                                  ARTICLE TEN

                             SUBORDINATION OF NOTES

Section 10.01. Agreement to Subordinate.

                  The Company agrees, and each Holder by accepting a Note
         agrees, that payment of principal, premium, if any, and interest on (or
         any other Obligations relating to) the Notes is subordinated in right
         of payment, to the extent and in the manner provided in this Article
         Ten, to the prior payment in full in cash of all Senior Debt of the
         Company (whether outstanding on the date hereof or hereafter created,
         incurred, assumed or guaranteed), and that the subordination is for the
         benefit of the holders of Senior Debt.

                  This Article Ten shall constitute a continuing offer to all
         Persons who become holders of, or continue to hold, Senior Debt, and
         such provisions are made for the benefit of the holders of Senior Debt,
         and such holders are made obligees hereunder and any one or more of
         them may enforce such provisions.

Section 10.02. Liquidation; Dissolution; Bankruptcy.

                  The holders of Senior Debt of the Company shall be entitled to
         receive payment in full in cash of all Obligations due in respect of
         Senior Debt of the Company (including interest after the commencement
         of any bankruptcy proceeding at the rate specified in the applicable
         Senior Debt of the Company) before the Holders of Notes shall be
         entitled to receive any payment with respect to (or any other
         Obligations relating to) the Notes or any distribution of assets or
         proceeds (except that Holders of Notes may receive and retain

                                       66
<PAGE>

         Permitted Junior Securities and payments made from the trust pursuant
         to Article Thirteen hereof), in the event of any distribution to
         creditors of the Company in connection with:

                  (i) any liquidation or dissolution of the Company, whether
         voluntary or involuntary;

                  (ii) any bankruptcy, reorganization, insolvency, receivership
         or similar proceeding relating to the Company or its property, whether
         voluntary or involuntary;

                  (iii) any assignment for the benefit of creditors; or

                  (iv) any marshaling of the Company's assets and liabilities.

                  The Company shall give prompt written notice to the Trustee of
         the occurrence of any event described in clauses (i) through (iv)
         above.

Section 10.03. Default on Designated Senior Debt.

                  The Company may not make any payment in respect of the Notes
         or any distribution of assets or proceeds (except in respect of
         Permitted Junior Securities or from the trust pursuant to Article
         Thirteen hereof) if:

                  (1) a payment default on Designated Senior Debt of the Company
         occurs and is continuing beyond any applicable grace period; or

                  (2) any other default occurs and is continuing on any series
         of Designated Senior Debt of the Company that permits holders of that
         series of Designated Senior Debt of the Company to accelerate its
         maturity and the Trustee receives a notice (a "Payment Blockage
         Notice") of such default from the Company or any agent or
         representative with respect to such Designated Senior Debt (a
         "nonpayment default").

                  Payments on the Notes may and shall be resumed:

                  (1) in the case of a payment default on Designated Senior Debt
         of the Company, upon the date on which such default is cured or waived;
         and

                  (2) in case of a nonpayment default, the earlier of the date
         on which such default is cured or waived or 179 days after the date on
         which the applicable Payment Blockage Notice is received by the
         Trustee, unless the maturity of such Designated Senior Debt of the
         Company has been accelerated.

                  No new Payment Blockage Notice may be delivered unless and
         until 360 days have elapsed since the delivery of the immediately prior
         Payment Blockage Notice.

                  No nonpayment default that existed or was continuing on the
         date of delivery of any Payment Blockage Notice to the Trustee shall
         be, or be made, the basis for a subsequent Payment Blockage Notice
         unless such default has been cured or waived for a period of not less
         than 90 days.

Section 10.04. Acceleration of Notes.

                  The Company shall promptly notify holders of its Senior Debt
         and any agent or representative with respect to such Senior Debt if
         payment of the Notes is accelerated because of an Event of Default.

                                       67
<PAGE>

Section 10.05. When Distribution Must Be Paid Over.

                  If the Trustee or any Holder of the Notes receives a payment
         in respect of the Notes (except in respect of Permitted Junior
         Securities or from the trust under Article Thirteen hereof) when:

                  (1) the payment is prohibited by this Article Ten; and

                  (2) the Trustee or the Holder has actual knowledge that the
         payment is prohibited; the Trustee or the Holder, as the case may be,
         shall hold the payment in trust for the benefit of the holders of
         Senior Debt of the Company and shall deliver notice thereof to the
         agent or representative of the holders of Senior Debt. Upon the proper
         written request of the agent or representative of the holders of
         Designated Senior Debt of the Company, or, if no such Designated Senior
         Debt exists, the holders of Senior Debt of the Company, the Trustee or
         the Holder, as the case may be, shall deliver the amounts in trust to
         the holders of Senior Debt of the Company or their proper
         representative.

                  With respect to the holders of Senior Debt, the Trustee
         undertakes to perform only such obligations on the part of the Trustee
         as are specifically set forth in this Article Ten, and no implied
         covenants or obligations with respect to the holders of Senior Debt
         shall be read into this Indenture against the Trustee. The Trustee
         shall not be deemed to owe any fiduciary duty to the holders of Senior
         Debt, and shall not be liable to any such holders if the Trustee shall
         mistakenly pay over or distribute to or on behalf of Holders or the
         Company or any other Person money or assets to which any holders of
         Senior Debt shall be entitled by virtue of this Article Ten, except if
         such payment is made as a result of the willful misconduct or gross
         negligence of the Trustee.

Section 10.06. Notice by the Company.

                  The Company shall promptly notify the Trustee and the Paying
         Agent in writing of any facts known to the Company that would cause a
         payment of any Obligations with respect to the Notes to violate this
         Article Ten, but failure to give such notice shall not affect the
         subordination of the Notes to the Senior Debt as provided in this
         Article Ten.

Section 10.07. Subrogation.

                  After all Senior Debt is paid in full and until the Notes are
         paid in full, Holders of Notes shall be subrogated to the rights of
         holders of Senior Debt to receive distributions applicable to Senior
         Debt to the extent that distributions otherwise payable to the Holders
         of Notes have been applied to the payment of Senior Debt. A
         distribution made under this Article Ten to holders of Senior Debt that
         otherwise would have been made to Holders of Notes is not, as between
         the Company and Holders, a payment by the Company on the Notes.

Section 10.08. Relative Rights.

                  This Article Ten defines the relative rights of Holders of
         Notes and holders of Senior Debt. Nothing in this Indenture shall:

         (a) impair, as between the Company and Holders of Notes, the obligation
of the Company, which is absolute and unconditional, to pay principal of and
interest on the Notes in accordance with their terms;

         (b) affect the relative rights of Holders of Notes and creditors of the
Company other than their rights in relation to holders of Senior Debt; or

                                       68
<PAGE>

         (c) prevent the Trustee or any Holder of Notes from exercising its
available remedies upon a Default or Event of Default, subject to the rights of
holders and owners of Senior Debt to receive distributions and payments
otherwise payable to Holders of Notes.

                  If the Company fails because of this Article Ten to pay
         principal of or interest on a Note on the due date, the failure is
         still a Default or Event of Default.

Section 10.09. Subordination May Not Be Impaired by the Company.

                  No right of any holder of Senior Debt to enforce the
         subordination of the Indebtedness evidenced by the Notes shall be
         impaired by any act or failure to act by the Company or any Holder or
         by the failure of the Company or any Holder to comply with this
         Indenture.

Section 10.10. Distribution or Notice to Representative.

                  Whenever a distribution is to be made or a notice given to
         holders of Senior Debt, the distribution may be made and the notice
         given to their Representative.

                  Upon any payment or distribution of assets of the Company
         referred to in this Article Ten, the Trustee and the Holders of Notes
         shall be entitled to rely upon any order or decree made by any court of
         competent jurisdiction or upon any certificate of such Representative
         or of the liquidating trustee or agent or other Person making any
         distribution to the Trustee or to the Holders of Notes for the purpose
         of ascertaining the Persons entitled to participate in such
         distribution, the holders of the Senior Debt and other Indebtedness of
         the Company, the amount thereof or payable thereon, the amount or
         amounts paid or distributed thereon and all other facts pertinent
         thereto or to this Article Ten.

Section 10.11. Rights of Trustee and Paying Agent.

                  Notwithstanding the provisions of this Article Ten or any
         other provision of this Indenture, the Trustee shall not be charged
         with knowledge of the existence of any facts that would prohibit the
         making of any payment or distribution by the Trustee, and the Trustee
         and the Paying Agent may continue to make payments on the Notes, unless
         the Trustee shall have received at its Corporate Trust Office at least
         five Business Days prior to the date of such payment written notice of
         facts that would cause the payment of any Obligations with respect to
         the Notes to violate this Article Ten. Only the Company or a
         Representative may give the notice. Nothing in this Article Ten shall
         impair the claims of, or payments to, the Trustee under or pursuant to
         Section 7.07 hereof.

                  The Trustee in its individual or any other capacity may hold
         Senior Debt with the same rights it would have if it were not Trustee.
         Any Agent may do the same with like rights.

Section 10.12. Authorization to Effect Subordination.

                  Each Holder of Notes, by the Holder's acceptance thereof,
         authorizes and directs the Trustee on such Holder's behalf to take such
         action as may be necessary or appropriate to effectuate the
         subordination as provided in this Article Ten, and appoints the Trustee
         to act as such Holder's attorney-in-fact for any and all such purposes.
         If the Trustee does not file a proper proof of claim or proof of debt
         in the form required in any proceeding referred to in Section 6.09
         hereof at least 30 days before the expiration of the time to file such
         claim, the lenders under the Credit Facilities are hereby authorized to
         file an appropriate claim for and on behalf of the Holders of the
         Notes.

Section 10.13. Trustee Not Fiduciary for Holders of Senior Debt.

                  The Trustee shall not be deemed to owe any fiduciary duty to
         the holders of Senior Debt and shall not be liable to any such holders
         if the Trustee shall in good faith mistakenly pay over or distribute to

                                       69
<PAGE>

         Holders of the Notes or to the Company or to any other person cash,
         property or securities to which any holders of Senior Debt shall be
         entitled by virtue of this Article or otherwise. With respect to the
         holders of Senior Debt, the Trustee undertakes to perform or to observe
         only such of its covenants or obligations as are specifically set forth
         in this Article and no implied covenants or obligations with respect to
         holders of Senior Debt shall be read into this Indenture against the
         Trustee.

                                 ARTICLE ELEVEN

                                   GUARANTEES

Section 11.01. Unconditional Guarantee.

                  Each Subsidiary Guarantor hereby, jointly and severally,
         unconditionally guarantees (such guarantee to be referred to herein as
         the "Subsidiary Guarantee") to each Holder and to the Trustee the due
         and punctual payment of the principal of, premium, if any, and interest
         on the Notes and all other amounts due and payable under this Indenture
         and the Notes by the Company whether at maturity, by acceleration,
         redemption, repurchase or otherwise, including, without limitation,
         interest on the overdue principal of, premium, if any, and interest on
         the Notes, to the extent lawful, all in accordance with the terms
         hereof and thereof; subject, however, to the limitations set forth in
         this Article Eleven and Article Twelve.

                  Failing payment when due of any amount so guaranteed for
         whatever reason, the Subsidiary Guarantors will be jointly and
         severally obligated to pay the same immediately. Each Subsidiary
         Guarantor hereby agrees that its obligations hereunder shall be
         unconditional, irrespective of the validity, regularity or
         enforceability of the Notes or this Indenture, the absence of any
         action to enforce the same, any waiver or consent by any Holder of the
         Notes with respect to any provisions hereof or thereof, the recovery of
         any judgment against the Company, any action to enforce the same or any
         other circumstance which might otherwise constitute a legal or
         equitable discharge or defense of a guarantor. Each Subsidiary
         Guarantor hereby waives diligence, presentment, demand of payments,
         filing of claims with a court in the event of insolvency or bankruptcy
         of the Company, any right to require a proceeding first against the
         Company, protest, notice and all demands whatsoever and covenants that
         this Subsidiary Guarantee will not be discharged except by complete
         performance of the obligations contained in the Notes, this Indenture
         and in this Subsidiary Guarantee. If any Holder or the Trustee is
         required by any court or otherwise to return to the Company, any
         Subsidiary Guarantor, or any custodian, trustee, liquidator or other
         similar official acting in relation to the Company or any Subsidiary
         Guarantor, any amount paid by the Company or any Subsidiary Guarantor
         to the Trustee or such Holder, this Subsidiary Guarantee, to the extent
         theretofore discharged, shall be reinstated in full force and effect.
         Each Subsidiary Guarantor agrees it shall not be entitled to any right
         of subrogation in relation to the Holders in respect of any obligations
         guaranteed hereby until payment in full of all obligations guaranteed
         hereby. Each Subsidiary Guarantor further agrees that, as between each
         Subsidiary Guarantor, on the one hand, and the Holders and the Trustee,
         on the other hand, (x) the maturity of the Obligations guaranteed
         hereby may be accelerated as provided in Article Six for the purposes
         of this Subsidiary Guarantee, notwithstanding any stay, injunction or
         other prohibition preventing such acceleration in respect of the
         obligations guaranteed hereby, and (y) in the event of any acceleration
         of such obligations as provided in Article Six, such obligations
         (whether or not due and payable) shall forthwith become due and payable
         by each Subsidiary Guarantor for the purpose of this Subsidiary
         Guarantee.

                  The Subsidiary Guarantee of each Subsidiary Guarantor herein
         shall be, in the manner and to the extent set forth in Article Twelve,
         subordinated in right of payment to the prior payment when due of the
         principal of, premium, if any, accrued and unpaid interest and all
         other amounts owing on all existing and future Senior Debt of such
         Subsidiary Guarantor and of the Company, as the case may be, and senior
         to the right of payment of principal of, premium, if any, and accrued
         and unpaid interest on all existing and future

                                       70
<PAGE>

         Subordinated Indebtedness of such Subsidiary Guarantor that is
         subordinated in right of payment to the Notes or the Subsidiary
         Guarantee.

Section 11.02. [Reserved].

Section 11.03. [Reserved].

Section 11.04. [Reserved].

Section 11.05. Limitation of Subsidiary Guarantor's Liability.

                  Each Subsidiary Guarantor and by its acceptance hereof each
         Holder hereby confirms that it is the intention of all such parties
         that the guarantee by such Subsidiary Guarantor pursuant to its
         Subsidiary Guarantee not constitute a fraudulent transfer or conveyance
         for purposes of any federal, state or foreign law. To effectuate the
         foregoing intention, the Holders and each Subsidiary Guarantor hereby
         irrevocably agree that the obligations of each Subsidiary Guarantor
         under its Subsidiary Guarantee shall be limited to the maximum amount
         as will, after giving effect to all other contingent and fixed
         liabilities of such Subsidiary Guarantor and after giving effect to any
         collections from or payments made by or on behalf of any other
         Subsidiary Guarantor in respect of the obligations of such other
         Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to
         Section 11.06, result in the obligations of such Subsidiary Guarantor
         under the Subsidiary Guarantee not constituting a fraudulent conveyance
         or fraudulent transfer under federal, state or foreign law.

Section 11.06. Contribution.

                  In order to provide for just and equitable contribution among
         the Subsidiary Guarantors, the Subsidiary Guarantors agree, inter se,
         that in the event any payment or distribution is made by any Subsidiary
         Guarantor (a "Funding Guarantor") under the Subsidiary Guarantee, such
         Funding Guarantor shall be entitled to a contribution from each other
         Subsidiary Guarantor for all payments, damages and expenses incurred by
         the Funding Guarantor in discharging the Company's Obligations with
         respect to the Notes or any other Subsidiary Guarantor's Obligations
         with respect to the Subsidiary Guarantee.

Section 11.07. Execution and Delivery of Subsidiary Guarantees.

                  Each Subsidiary Guarantor hereby agrees that its execution and
         delivery of this Indenture or any supplemental indentures pursuant to
         Section 4.22 hereof shall evidence its Subsidiary Guarantee set forth
         in Section 11.01 without the need for any further notation on the
         Notes.

                  Each of the Subsidiary Guarantors hereby agrees that its
         Subsidiary Guarantee set forth in Section 11.01 shall remain in full
         force and effect notwithstanding any failure to endorse on each Note a
         notation relating to such Subsidiary Guarantee.

                  If an Officer of a Subsidiary Guarantor whose signature is on
         this Indenture or any Supplemental indenture no longer holds that
         office at the time the Trustee authenticates such Notes or at any time
         thereafter, such Subsidiary Guarantor's Subsidiary Guarantee shall be
         valid nevertheless.

                  The delivery of any Note by the Trustee, after the
         authentication thereof hereunder, shall constitute due delivery of any
         Subsidiary Guarantee set forth in this Indenture on behalf of the
         Subsidiary Guarantor.

Section 11.08. Severability.

                  In case any provision of this Subsidiary Guarantee shall be
         invalid, illegal or unenforceable, that portion of such provision that
         is not invalid, illegal or unenforceable shall remain in effect, and
         the validity, legality, and enforceability of the remaining provisions
         shall not in any way be affected or impaired thereby.

                                       71
<PAGE>

                                 ARTICLE TWELVE

                     SUBORDINATION OF SUBSIDIARY GUARANTEES

Section 12.01. Guarantees Subordinated to Senior Debt.

                  Each Subsidiary Guarantor agrees, and each Holder by accepting
         a Note agrees, that any payment in respect of the Subsidiary Guarantee
         of such Subsidiary Guarantor is subordinated in right of payment, to
         the extent and in the manner provided in this Article Twelve, to the
         prior payment in full in cash of all Senior Debt of such Subsidiary
         Guarantor (whether outstanding on the date hereof or hereafter created,
         incurred, assumed or guaranteed), and that the subordination is for the
         benefit of the holders of Senior Debt.

                  This Article Twelve shall constitute a continuing offer to all
         Persons who become holders of, or continue to hold, Senior Debt, and
         such provisions are made for the benefit of the holders of Senior Debt,
         and such holders are made obligees hereunder and any one or more of
         them may enforce such provisions.

Section 12.02. Liquidation; Dissolution; Bankruptcy.

                  The holders of Senior Debt of the Subsidiary Guarantors shall
         be entitled to receive payment in full in cash of all Obligations due
         in respect of such Senior Debt (including interest after the
         commencement of any bankruptcy proceeding at the rate specified in the
         applicable Senior Debt of the Company) before the Holders of Notes
         shall be entitled to receive any payment with respect to any such
         Subsidiary Guarantor's Subsidiary Guarantee or any distribution of
         assets or proceeds (except that Holders of Notes may receive and retain
         Permitted Junior Securities and payments made from the trust pursuant
         to Article Thirteen hereof), in the event of any distribution to
         creditors of any such Subsidiary Guarantors in connection with:

                  (i) any liquidation or dissolution of such Subsidiary
         Guarantor, whether voluntary or involuntary;

                  (ii) any bankruptcy, reorganization, insolvency, receivership
         or similar proceeding relating to such Subsidiary Guarantor or its
         property, whether voluntary or involuntary;

                  (iii) any assignment for the benefit of such Subsidiary
         Guarantor's creditors; or

                  (iv) any marshaling of such Subsidiary Guarantor's assets and
         liabilities.

                  The Company shall give prompt written notice to the Trustee of
         the occurrence of any event described in clauses (i) through (iv) above
         with respect to any Subsidiary Guarantor.

Section 12.03. Default on Designated Senior Debt

                  No Subsidiary Guarantor may make any payment in respect of its
         Subsidiary Guarantee or any distribution of assets or proceeds (except
         in respect of Permitted Junior Securities or from the trust pursuant to
         Article Thirteen hereof) if:

                  (1) a payment default on Designated Senior Debt of such
         Subsidiary Guarantor occurs and is continuing beyond any applicable
         grace period; or

                  (2) any other default occurs and is continuing on any series
         of Designated Senior Debt of such Subsidiary Guarantor that permits
         holders of that series of Designated Senior Debt of such Subsidiary
         Guarantor to accelerate its maturity and the Trustee receives a notice
         (a "Subsidiary Payment Blockage Notice") of such default from the
         Company, such Subsidiary Guarantor or any agent or representative with
         respect to such Designated Senior Debt (a "Subsidiary nonpayment
         default").

                                       72
<PAGE>

                  Payments on such Subsidiary Guarantee may be resumed:

                  (1) in the case of a payment default on Designated Senior Debt
         of such Subsidiary Guarantor, upon the date on which such default is
         cured or waived; and

                  (2) in case of a Subsidiary nonpayment default, the earlier of
         the date on which such default is cured or waived or 179 days after the
         date on which the applicable Subsidiary Payment Blockage Notice is
         received by the Trustee, unless the maturity of such Designated Senior
         Debt of such Subsidiary Guarantor has been accelerated.

                  No new Subsidiary Payment Blockage Notice may be delivered
         unless and until 360 days have elapsed since the delivery of the
         immediately prior Subsidiary Payment Blockage Notice.

                  No Subsidiary nonpayment default that existed or was
         continuing on the date of delivery of any Subsidiary Payment Blockage
         Notice to the Trustee shall be, or be made, the basis for a subsequent
         Subsidiary Payment Blockage Notice unless such default has been cured
         or waived for a period of not less than 90 days.

Section 12.04. Guarantees Unconditional.

                  Except as otherwise provided herein, nothing contained in this
         Indenture or in any Guarantee is intended to or shall impair, as
         between the Subsidiary Guarantors and the Holders, the Guarantees,
         which are absolute and unconditional, as and when the same shall become
         due and payable in accordance with their terms, or is intended to or
         shall affect the relative rights of the Holders and creditors of the
         Subsidiary Guarantors, other than the holders of the Senior Debt, nor
         shall anything herein or therein prevent the Trustee or any Holder from
         exercising all remedies otherwise permitted by applicable law upon
         default under this Indenture, subject to the rights, if any, under this
         Article Twelve, of the holders of Senior Debt in respect of cash,
         property or securities of any Subsidiary Guarantor received upon the
         exercise of any such remedy. Upon any distribution of assets of any
         Subsidiary Guarantor referred to in this Article Twelve, the Trustee,
         subject to the provisions of Section 7.01, and the Holders shall be
         entitled to rely upon any order or decree made by any court of
         competent jurisdiction in which any insolvency or liquidation
         proceedings is pending, or a certificate of the liquidating trustee or
         agent or other Person making any distribution to the Trustee or to the
         Holders for the purpose of ascertaining the Persons entitled to
         participate in such distribution, the holders of the Senior Debt and
         other indebtedness of such Subsidiary Guarantor, the amount thereof or
         payable thereon, the amount or amounts paid or distributed thereon and
         all other facts pertinent thereto or to this Article Twelve.

Section 12.05. When Distribution Must Be Paid Over.

                  If the Trustee or any Holder of the Notes receives a payment
         in respect of any Subsidiary Guarantor's Subsidiary Guarantee (except
         in respect of Permitted Junior Securities or from the trust under
         Article Thirteen hereof) when:

                  (1) the payment is prohibited by this Article Twelve; and

                  (2) the Trustee or the Holder has actual knowledge that the
         payment is prohibited;

                  the Trustee or the Holder, as the case may be, shall hold the
         payment in trust for the benefit of the holders of Senior Debt of such
         Subsidiary Guarantor and shall deliver notice thereof to the agent or
         representative of the holders of such Senior Debt. Upon the proper
         written request of the agent or representative of the holders of
         Designated Senior Debt of such Subsidiary Guarantor, or, if no such
         Designated Senior Debt exists, the holders of Senior Debt of such
         Subsidiary Guarantor, the Trustee or the Holder, as the case may be,
         shall deliver the amounts in trust to the holders of Senior Debt of
         such Subsidiary Guarantor or their proper representative.

                                       73
<PAGE>

                  With respect to the holders of Senior Debt, the Trustee
         undertakes to perform only such obligations on the part of the Trustee
         as are specifically set forth in this Article Twelve, and no implied
         covenants or obligations with respect to the holders of Senior Debt
         shall be read into this Indenture against the Trustee. The Trustee
         shall not be deemed to owe any fiduciary duty to the holders of Senior
         Debt, and shall not be liable to any such holders if the Trustee shall
         mistakenly pay over or distribute to or on behalf of Holders or any
         Subsidiary Guarantor or any other Person money or assets to which any
         holders of Senior Debt shall be entitled by virtue of this Article
         Twelve, except if such payment is made as a result of the willful
         misconduct or gross negligence of the Trustee.

Section 12.06. Notice by the Company.

                  The Company shall promptly notify the Trustee and the Paying
         Agent in writing of any facts known to the Company that would cause a
         payment of any Obligations with respect to the Subsidiary Guarantees to
         violate this Article Twelve, but failure to give such notice shall not
         affect the subordination of the Subsidiary Guarantees to the Senior
         Debt as provided in this Article Twelve.

Section 12.07. Subrogation.

                  After all Senior Debt of a Subsidiary Guarantor is paid in
         full and until the Notes are paid in full, Holders of Notes shall be
         subrogated to the rights of holders of such Senior Debt to receive
         distributions applicable to Senior Debt to the extent that
         distributions otherwise payable to the Holders of Notes have been
         applied to the payment of such Senior Debt. A distribution made under
         this Article Twelve to holders of such Senior Debt that otherwise would
         have been made to Holders of Notes is not, as between any Subsidiary
         Guarantor and the Holders, a payment by any such Subsidiary Guarantors
         with respect to a Subsidiary Guarantee.

Section 12.08. Relative Rights.

                  This Article Twelve defines the relative rights of Holders of
         Notes and holders of Senior Debt of the Subsidiary Guarantors. Nothing
         in this Indenture shall:

         (a) impair, as between any Subsidiary Guarantor and Holders of Notes,
the obligation of such Subsidiary Guarantor, which is absolute and
unconditional, to make payments in accordance with the terms of the Subsidiary
Guarantee;

         (b) affect the relative rights of Holders of Notes and creditors of any
Subsidiary Guarantor other than their rights in relation to holders of such
Senior Debt; or

         (c) prevent the Trustee or any Holder of Notes from exercising its
available remedies upon a Default or Event of Default, subject to the rights of
holders and owners of such Senior Debt to receive distributions and payments
otherwise payable to Holders of Notes by any such Subsidiary Guarantor.

                  If any Subsidiary Guarantor fails because of this Article
         Twelve to make a payment pursuant to the terms of its Subsidiary
         Guarantee, the failure is still a Default or Event of Default.

Section 12.09. Subordination May Not Be Impaired by the Company.

                  No right of any holder of Senior Debt of any Subsidiary
         Guarantor to enforce the subordination of the Indebtedness evidenced by
         the Subsidiary Guarantees shall be impaired by any act or failure to
         act by the Company, any Subsidiary Guarantor or any Holder or by the
         failure of the Company, any Subsidiary Guarantor or any Holder to
         comply with this Indenture.

                                       74
<PAGE>

Section 12.10. Distribution or Notice to Representative.

                  Whenever a distribution is to be made or a notice given to
         holders of Senior Debt of the Subsidiary Guarantors, the distribution
         may be made and the notice given to their Representative.

                  Upon any payment or distribution of assets of any Subsidiary
         Guarantor referred to in this Article Twelve, the Trustee and the
         Holders of Notes shall be entitled to rely upon any order or decree
         made by any court of competent jurisdiction or upon any certificate of
         such Representative or of the liquidating trustee or agent or other
         Person making any distribution to the Trustee or to the Holders of
         Notes for the purpose of ascertaining the Persons entitled to
         participate in such distribution, the holders of the Senior Debt and
         other Indebtedness of such Subsidiary Guarantor, the amount thereof or
         payable thereon, the amount or amounts paid or distributed thereon and
         all other facts pertinent thereto or to this Article Twelve.

Section 12.11. Rights of Trustee and Paying Agent.

                  Notwithstanding the provisions of this Article Twelve or any
         other provision of this Indenture, the Trustee shall not be charged
         with knowledge of the existence of any facts that would prohibit the
         making of any payment or distribution by the Trustee, and the Trustee
         and the Paying Agent may continue to make payments on the Notes, unless
         the Trustee shall have received at its Corporate Trust Office at least
         five Business Days prior to the date of such payment written notice of
         facts that would cause the payment of any Obligations with respect to
         the Notes or any Subsidiary Guarantee to violate this Article Twelve.
         Only the Company or a Representative may give the notice. Nothing in
         this Article Twelve shall impair the claims of, or payments to, the
         Trustee under or pursuant to Section 7.07 hereof.

                  The Trustee in its individual or any other capacity may hold
         Senior Debt of any Subsidiary Guarantor with the same rights it would
         have if it were not Trustee. Any Agent may do the same with like
         rights.

Section 12.12. Authorization to Effect Subordination.

                  Each Holder of Notes, by the Holder's acceptance thereof,
         authorizes and directs the Trustee on such Holder's behalf to take such
         action as may be necessary or appropriate to effectuate the
         subordination as provided in this Article Twelve, and appoints the
         Trustee to act as such Holder's attorney-in-fact for any and all such
         purposes. If the Trustee does not file a proper proof of claim or proof
         of debt in the form required in any proceeding referred to in Section
         6.09 hereof at least 30 days before the expiration of the time to file
         such claim, the lenders under the Credit Facilities are hereby
         authorized to file an appropriate claim for and on behalf of the
         Holders of the Notes.

Section 12.13. Trustee Not Fiduciary for Holders of Senior Debt.

                  The Trustee shall not be deemed to owe any fiduciary duty to
         the holders of Senior Debt and shall not be liable to any such holders
         if the Trustee shall in good faith mistakenly pay over or distribute to
         Holders of the Notes or to the Company or to any other person cash,
         property or securities to which any holders of Senior Debt shall be
         entitled by virtue of this Article or otherwise. With respect to the
         holders of Senior Debt, the Trustee undertakes to perform or to observe
         only such of its covenants or obligations as are specifically set forth
         in this Article and no implied covenants or obligations with respect to
         holders of Senior Debt shall be read into this Indenture against the
         Trustee.

                                       75
<PAGE>

                                ARTICLE THIRTEEN

                       DEFEASANCE AND COVENANT DEFEASANCE

Section 13.01. Option to Effect Legal Defeasance or Covenant Defeasance.

                  The Company may, at the option of the Board of Directors
         evidenced by a resolution set forth in an Officers' Certificate, at any
         time, elect to have either Section 13.02 or 13.03 hereof be applied to
         all outstanding Notes upon compliance with the conditions set forth
         below in this Article Thirteen.

Section 13.02. Legal Defeasance and Discharge.

                  Upon the Company's exercise under Section 13.01 hereof of the
         option applicable to this Section 13.02, the Company shall, subject to
         the satisfaction of the conditions set forth in Section 13.04 hereof,
         be deemed to have been discharged from its obligations with respect to
         all outstanding Notes and all obligations of the Subsidiary Guarantors
         shall be deemed to have been discharged with respect to their
         obligations under the Subsidiary Guarantees on the date the conditions
         set forth below are satisfied (hereinafter, "Legal Defeasance"). For
         this purpose, Legal Defeasance means that the Company and the
         Subsidiary Guarantors shall be deemed to have paid and discharged the
         entire Indebtedness represented by the outstanding Notes and Subsidiary
         Guarantees, respectively, which shall thereafter be deemed to be
         "outstanding" only for the purposes of Section 13.05 hereof and the
         other Sections of this Indenture referred to in (a) and (b) below, and
         to have satisfied all its other obligations under such Notes and this
         Indenture (and the Trustee, on demand of and at the expense of the
         Company, shall execute proper instruments acknowledging the same),
         except for the following provisions which shall survive until otherwise
         terminated or discharged hereunder:

         (a) the rights of Holders of outstanding Notes to receive payments in
respect of the principal of, premium, if any, and interest on such Notes when
such payments are due from the trust;

         (b) the Company's obligations with respect to such Notes under Article
Two and Section 4.04 hereof;

         (c) the rights, powers, trusts, duties and immunities of the Trustee
hereunder and the Company's obligations in connection therewith; and

         (d) this Article Thirteen.

                  Subject to compliance with this Article Thirteen, the Company
         may exercise its option under this Section 13.02 notwithstanding the
         prior exercise of its option under Section 13.03 hereof.

Section 13.03. Covenant Defeasance.

                  Upon the Company's exercise under Section 13.01 hereof of the
         option applicable to this Section 13.03, the Company shall, subject to
         the satisfaction of the conditions set forth in Section 13.04 hereof,
         be released from its obligations under the covenants contained in
         Sections 4.02, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.16,
         4.17, 4.18, 4.20, 4.21, 4.22 and clause (3) of Section 5.01 hereof with
         respect to the outstanding Notes on and after the date the conditions
         set forth in Section 13.04 are satisfied (hereinafter, "Covenant
         Defeasance"), and the Notes shall thereafter be deemed not
         "outstanding" for the purposes of any direction, waiver, consent or
         declaration or act of Holders (and the consequences of any thereof) in
         connection with such covenants, but shall continue to be deemed
         "outstanding" for all other purposes hereunder (it being understood
         that such Notes shall not be deemed outstanding for accounting
         purposes). For this purpose, Covenant Defeasance means that, with
         respect to the outstanding Notes, the Company may omit to comply with
         and shall have no liability in respect of any term, condition or
         limitation set forth in any such covenant, whether directly or
         indirectly, by reason of any reference elsewhere herein to any such

                                       76
<PAGE>

         covenant or by reason of any reference in any such covenant to any
         other provision herein or in any other document and such omission to
         comply shall not constitute a Default or an Event of Default under
         Section 6.01 hereof, but, except as specified above, the remainder of
         this Indenture and such Notes shall be unaffected thereby. In addition,
         upon the Company's exercise under Section 13.01 hereof of the option
         applicable to this Section 13.03, subject to the satisfaction of the
         conditions set forth in Section 13.04 hereof, Sections 6.01(3) though
         (6) shall not constitute Events of Default.

Section 13.04. Conditions to Legal or Covenant Defeasance.

                  The following shall be the conditions to the application of
         either Section 13.02 or 13.03 hereof to the outstanding Notes:

         (a) the Company must irrevocably deposit with the Trustee, in trust,
for the benefit of the Holders of the Notes, cash in United States dollars, U.S.
Government Obligations, or a combination thereof, in such amounts as shall be
sufficient, in the opinion of a nationally recognized firm of independent public
accountants, to pay the principal of, premium, if any and interest on the
outstanding Notes on the Stated Maturity or on the applicable redemption date,
as the case may be, and the Company must specify whether the Notes are being
defeased to maturity or to a particular redemption date; provided that the
Trustee shall have been irrevocably instructed to apply such money or the
proceeds of such U.S. Government Obligations to the payment of such principal
of, premium, if any, and interest on the outstanding Notes on such Stated
Maturity date or such redemption date and, with respect to any redemption date,
the Company shall have provided the Trustee with irrevocable instructions to
redeem all of the Notes on such redemption date;

         (b) in the case of an election under Section 13.02 hereof, the Company
shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee confirming that (i) the Company has received from, or there has
been published by, the Internal Revenue Service a ruling or (ii) since the date
hereof, there has been a change in the applicable federal income tax law, in
either case to the effect that, and based thereon, such Opinion of Counsel shall
confirm that, the Holders of the outstanding Notes will not recognize income,
gain or loss for federal income tax purposes as a result of such Legal
Defeasance and will be subject to federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such Legal
Defeasance had not occurred;

         (c) in the case of an election under Section 13.03 hereof, the Company
shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable
to the Trustee confirming that the Holders of the outstanding Notes will not
recognize income, gain or loss for federal income tax purposes as a result of
such Covenant Defeasance and will be subject to federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if
such Covenant Defeasance had not occurred;

         (d) no Default or Event of Default shall have occurred and be
continuing either (i) on the date of such deposit; or (ii) insofar as Sections
6.01(8) and (9) hereof are concerned, at any time in the period ending on the
123rd day after the date of deposit;

         (e) such election under either Section 13.02 or Section 13.03 hereof
shall not result in a breach or violation of, or constitute a default under, any
material agreement or instrument or any other material agreement or instrument
to which the Company or any of its Subsidiaries are a party or by which the
Company or any of its Subsidiaries is bound;

         (f) the Company must have delivered to the Trustee an Opinion of
Counsel to the effect that, (1) assuming no intervening bankruptcy of the
Company or any Subsidiary Guarantor between the date of deposit and the 123rd
day following the deposit and assuming that no Holder is an "insider" of the
Company under applicable bankruptcy law, after the 123rd day following the
deposit, the trust funds will not be subject to the effect of Section 547 of the
United States Bankruptcy Code or any applicable state bankruptcy, insolvency,
reorganization or similar state law affecting creditors' rights generally and
(2) the creation of the defeasance trust does not violate the Investment Company
Act of 1940;

                                       77
<PAGE>

         (g) the Company must deliver to the Trustee an Officers' Certificate
stating that the deposit was not made by the Company with the intent of
preferring the Holders of Notes over the other creditors of the Company with the
intent of defeating, hindering, delaying or defrauding creditors of the Company
or others;

         (h) if the Notes are to be redeemed prior to their Stated Maturity, the
Company must deliver to the Trustee irrevocable instructions to redeem all of
the Notes on the specified redemption date; and

         (i) the Company must deliver to the Trustee an Officers' Certificate
and an Opinion of Counsel, each stating that all conditions precedent relating
to the Legal Defeasance or the Covenant Defeasance have been complied with.

Section 13.05. Deposited Money and Government Securities to Be Held in Trust;
               Other Miscellaneous Provisions.

                  Subject to Section 13.06 hereof, all money and U.S. Government
         Obligations (including the proceeds thereof) deposited with the Trustee
         (or other qualifying trustee, collectively for purposes of this Section
         13.05, the "Trustee") pursuant to Section 13.04 hereof in respect of
         the outstanding Notes shall be held in trust and applied by the
         Trustee, in accordance with the provisions of such Notes and this
         Indenture, to the payment, either directly or through any Paying Agent
         (including the Company acting as Paying Agent) as the Trustee may
         determine, to the Holders of such Notes of all sums due and to become
         due thereon in respect of principal, premium, if any, and interest, but
         such money need not be segregated from other funds except to the extent
         required by law.

                  The Company shall pay and indemnify the Trustee against any
         tax, fee or other charge imposed on or assessed against the cash or
         U.S. Government Obligations deposited pursuant to Section 13.04 hereof
         or the principal and interest received in respect thereof other than
         any such tax, fee or other charge which by law is for the account of
         the Holders of the outstanding Notes.

                  Anything in this Article Thirteen to the contrary
         notwithstanding, the Trustee shall deliver or pay to the Company from
         time to time upon the request of the Company any money or U.S.
         Government Obligations held by it as provided in Section 13.04 hereof
         which, in the opinion of a nationally recognized firm of independent
         public accountants expressed in a written certification thereof
         delivered to the Trustee (which may be the opinion delivered under
         Section 13.04(a) hereof), are in excess of the amount thereof that
         would then be required to be deposited to effect an equivalent Legal
         Defeasance or Covenant Defeasance.

Section 13.06. Repayment to the Company.

                  Any money deposited with the Trustee, in trust for the payment
         of the principal of, premium, if any, or interest on any Note pursuant
         to Section 13.04 and remaining unclaimed for two years after such
         principal, and premium, if any, or interest has become due and payable
         shall be paid to the Company on its request; and the Holder of such
         Note shall thereafter look only to the Company for payment thereof, and
         all liability of the Trustee with respect to such trust money, shall
         thereupon cease; provided, however, that the Trustee, before being
         required to make any such repayment, may at the expense of the Company
         cause to be published once, in the New York Times and The Wall Street
         Journal (national edition), notice that such money remains unclaimed
         and that, after a date specified therein, which shall not be less than
         30 days from the date of such notification or publication, any
         unclaimed balance of such money then remaining shall be repaid to the
         Company.

Section 13.07. Reinstatement.

                  If the Trustee or Paying Agent is unable to apply any United
         States dollars or U.S. Government Obligations in accordance with
         Section 13.02 or 13.03 hereof, as the case may be, by reason of any
         order or judgment of any court or governmental authority enjoining,
         restraining or otherwise prohibiting such application, then the
         Company's obligations under this Indenture and the Notes shall be
         revived and

                                       78
<PAGE>

         reinstated as though no deposit had occurred pursuant to Section 13.02
         or 13.03 hereof until such time as the Trustee or Paying Agent is
         permitted to apply all such money in accordance with Section 13.02 or
         13.03 hereof, as the case may be; provided, however, that, if the
         Company makes any payment of principal of, premium, if any, or interest
         on any Note following the reinstatement of its obligations, the Company
         shall be subrogated to the rights of the Holders of such Notes to
         receive such payment from the money held by the Trustee or Paying
         Agent.

                                ARTICLE FOURTEEN

                                  MISCELLANEOUS

Section 14.01. Trust Indenture Act Controls.

                  If any provision of this Indenture limits, qualifies, or
         conflicts with the duties imposed by operation of TIA Section 318(c),
         the imposed duties shall control.

Section 14.02. Notices.

                  Any notice or communication shall be sufficiently given if in
         writing and delivered in person or mailed by certified or registered
         mail (return receipt requested), telecopier or overnight air courier
         guaranteeing next day delivery, addressed as follows:

                  If to the Company or any Subsidiary Guarantor:

                  Armor Holdings, Inc.
                  1400 Marsh Landing Parkway
                  Suite 112
                  Jacksonville, Florida  32250
                  Facsimile:  (904) 741-5403
                  Attention:  Philip Baratelli

                  If to the Trustee:

                  Wachovia Bank, National Association
                  225 Water Street, 3rd Floor
                  Jacksonville, Florida  32202
                  Facsimile:  (904) 489-5410
                  Attention:  Corporate Trust

                  The Company or any Subsidiary Guarantor or the Trustee by
         notice to the other may designate additional or different addresses for
         subsequent notices or communications.

                  All notices and communications shall be deemed to have been
         duly given: at the time delivered by hand, if personally delivered;
         five Business Days after being deposited in the mail, postage prepaid,
         if mailed; when receipt acknowledged, if telecopied; and the next
         Business Day after timely delivery to the courier, if sent by overnight
         air courier guaranteeing next day delivery.

                  Any notice or communication mailed to a Holder shall be mailed
         to him by first-class mail at this address as it appears on the
         registration books of the Registrar and shall be sufficiently given to
         him if so mailed within the time prescribed. Failure to mail a notice
         or communication to a Holder or any defect in it shall not affect its
         sufficiency with respect to other Holders.

                                       79
<PAGE>

                  If a notice or communication is mailed in the manner provided
         above, it is duly given, whether or not the addressee receives it. If
         the Company or any Subsidiary Guarantor mails notice or communications
         to Holders it shall mail a copy to the Trustee and each Agent at the
         same time.

Section 14.03. Communication by Holders with Other Holders.

                  Holders may communicate pursuant to TIA Section 312(b) with
         other Holders with respect to their rights under this Indenture or the
         Notes. The Company, the Subsidiary Guarantors, the Trustee, the
         Registrar and anyone else shall have the protection of TIA Section
         312(c).

Section 14.04. Certificate and Opinion as to Conditions Precedent.

                  Upon any request or application by the Company or any
         Subsidiary Guarantor to the Trustee to take any action under this
         Indenture (except with respect to the initial issuance of the Notes),
         the Company or such Subsidiary Guarantor, as the case may be, shall
         furnish to the Trustee:

                  (1) an Officers' Certificate (which shall include the
         statements set forth in Section 14.05) stating that, in the opinion of
         the signers, the conditions precedent, if any, provided for in this
         Indenture relating to the proposed action have been complied with; and

                  (2) an Opinion of Counsel stating that, in the opinion of such
         counsel, such conditions precedent have been complied with.

Section 14.05. Statements Required in Certificate or Opinion.

                  Each certificate or opinion with respect to compliance with a
         condition or covenant provided for in this Indenture shall include:

                  (1) a statement that each person making such certificate or
         opinion has read such covenant or condition;

                  (2) a brief statement as to the nature and scope of the
         examination or investigation upon which the statements or opinions
         contained in such certificate or opinion are based;

                  (3) a statement that, in the opinion of each such person, he
         has made such examination or investigation as is necessary to enable
         him to express an informed opinion as to whether or not such covenant
         or condition has been complied with; and

                  (4) a statement as to whether or not, in the opinion of each
         such person, such covenant or condition has been complied with.

Section 14.06. Rules by Trustee and Agents.

                  The Trustee may make reasonable rules for action by or for a
         meeting of Holders. The Registrar or Paying Agent may make reasonable
         rules for its functions.

Section 14.07. Legal Holidays.

                  A "Legal Holiday" is a Saturday, a Sunday, or a day on which
         banks and trust companies in The City of New York are not required by
         law or executive order to be open. If a payment date is a Legal Holiday
         at a place of payment, payment may be made at the place on the next
         succeeding day that is not a Legal Holiday, without additional
         interest.

                                       80
<PAGE>

Section 14.08. No Personal Liability of Directors, Officers, Employees and
               Stockholders.

                  No director, officer, employee, incorporator or stockholder of
         the Company or any Subsidiary Guarantor, as such, shall have any
         liability for any obligations of the Company or the Subsidiary
         Guarantors under the Notes, this Indenture, the Subsidiary Guarantees
         or for any claim based on, in respect of, or by reason of, such
         obligations or their creation. Each Holder of Notes by accepting a Note
         waives and releases all such liability. This waiver and release are
         part of the consideration for issuance of the Notes.

Section 14.09. Governing Law.

                  THIS INDENTURE AND THE NOTES AND THE GUARANTEES SHALL BE
         GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
         NEW YORK.

Section 14.10. No Adverse Interpretation of Other Agreements.

                  This Indenture may not be used to interpret another indenture,
         loan or debt agreement of the Company, any Subsidiary Guarantor or any
         other Subsidiary. Any such indenture, loan or debt agreement may not be
         used to interpret this Indenture.

Section 14.11. [Reserved].

Section 14.12. Successors.

                  All agreements of the Company and the Subsidiary Guarantors in
         this Indenture and the Notes shall bind its successor. All agreements
         of the Trustee in this Indenture shall bind its successor.

Section 14.13. Duplicate Originals.

                  The parties may sign any number of copies of this Indenture.
         Each signed copy shall be an original, but all of them together
         represent the same instrument.

Section 14.14. Severability.

                  In case any provision in this Indenture or in the Notes shall
         be invalid, illegal or unenforceable, the validity, legality and
         enforceability of the remaining provisions shall not in any way be
         affected or impaired thereby, and a Holder shall have no claim therefor
         against any party hereto.

Section 14.15. Table of Contents, Headings, etc.

                  The table of contents, cross-reference table and headings of
         the articles and sections of this Indenture have been inserted for
         convenience of reference only, are not to be considered a part of this
         Indenture and will in no way modify or restrict any of the terms or
         provisions hereof.

                                       81
<PAGE>

                                   SIGNATURES

                  IN WITNESS WHEREOF, the parties hereto have caused this
         Indenture to be duly executed as of the date first written above.

                                          ARMOR HOLDINGS, INC.,
                                               a Delaware corporation

                                          By:___________________________________
                                             Name:
                                             Title:

<PAGE>

                                          WACHOVIA BANK, NATIONAL ASSOCIATION,
                                               as Trustee

                                          By:___________________________________
                                             Name:
                                             Title:

<PAGE>

                                          SUBSIDIARY GUARANTORS

                                          911EP, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          AHI PROPERTIES I, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          ARMOR BRANDS, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          ARMOR HOLDINGS FORENSICS, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          ARMOR HOLDINGS GP, LLC,
                                              a Delaware company

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          ARMOR HOLDINGS LP, LLC,
                                              a Delaware company

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                         ARMOR HOLDINGS MOBILE SECURITY, L.L.C.,
                                             a Delaware company

                                         By:___________________________________
                                            Name: Robert R. Schiller
                                            Title: Vice President

<PAGE>

                                          ARMOR HOLDINGS PAYROLL SERVICES, LLC,
                                              a Delaware company

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Manager

<PAGE>

                                          ARMOR HOLDINGS PRODUCTS, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          ARMOR HOLDINGS PROPERTIES, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          ARMOR SAFETY PRODUCTS COMPANY,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          B-SQUARE, INC.,
                                              a Texas corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          BREAK-FREE ARMOR CORP.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          BREAK-FREE, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          CASCO INTERNATIONAL, INC.,
                                              a New Hampshire corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                      DEFENSE TECHNOLOGY CORPORATION OF AMERICA,
                                          a Delaware corporation

                                      By:___________________________________
                                         Name: Robert R. Schiller
                                         Title: Vice President

<PAGE>

                                          INDENTICATOR, INC.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                         MONADNOCK LIFETIME PRODUCTS, INC. (DE),
                                             a Delaware corporation

                                         By:___________________________________
                                            Name: Robert R. Schiller
                                            Title: Vice President

<PAGE>

                                         MONADNOCK LIFETIME PRODUCTS, INC. (NH),
                                             a New Hampshire corporation

                                         By:___________________________________
                                            Name: Robert R. Schiller
                                            Title: Vice President

<PAGE>

                                        MONADNOCK POLICE TRAINING COUNCIL, INC.,
                                            a New Hampshire corporation

                                        By:___________________________________
                                           Name: Robert R. Schiller
                                           Title: Vice President

<PAGE>

                                          NAP PROPERTIES, LTD.,
                                               a California limited partnership

                                          By: NAP PROPERTY MANAGERS, LLC,
                                              its General Partner

                                          By: ARMOR HOLDINGS PROPERTIES, INC.,
                                              its Managing Member

                                          By:___________________________________
                                              Name: Robert R. Schiller
                                              Title: Vice President

<PAGE>

                                          NAP PROPERTY MANAGERS, LLC,
                                              a California company

                                          By: ARMOR HOLDINGS PROPERTIES, INC.,
                                              its Managing Member

                                          By:___________________________________
                                              Name: Robert R. Schiller
                                              Title: Vice President

<PAGE>

                                          O'GARA-HESS & EISENHARDT ARMORING
                                          COMPANY, L.L.C.
                                              a Delaware company

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          PRO-TECH ARMORED PRODUCTS OF
                                          MASSACHUSETTS, INC.,
                                              a Massachusetts corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          RAMTECH DEVELOPMENT CORP.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          SAFARI LAND LTD, INC.,
                                              a California corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          SAFARILAND GOVERNMENT SALES, INC.,
                                              a California corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          SPEEDFEED ACQUISITION CORP.,
                                              a Delaware corporation

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                          THE O'GARA COMPANY,
                                              an Ohio company

                                          By:___________________________________
                                             Name: Robert R. Schiller
                                             Title: Vice President

<PAGE>

                                                                      SCHEDULE I

                        DISCONTINUED OPERATIONS ENTITIES

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------

              Company                                                                 Jurisdiction of Formation

----------------------------------------------------------------------------------------------------------------------
<S>           <C>                                                                    <C>
1             AH Holdings Germany GmbH                                                       Germany
----------------------------------------------------------------------------------------------------------------------
2             AH Worldwide LP                                                               Scotland
----------------------------------------------------------------------------------------------------------------------
3             Alarm Protection Services Ltd.                                                 Uganda
----------------------------------------------------------------------------------------------------------------------
4             Armor (Special Clearance Services) Limited                             British Virgin Islands
----------------------------------------------------------------------------------------------------------------------
5             Armor Group (Asia Pacific) Co., Limited (BVI)                          British Virgin Islands
----------------------------------------------------------------------------------------------------------------------
6             Armor Group (Asia Pacific) Co., Limited (Hong Kong)                           Hong Kong
----------------------------------------------------------------------------------------------------------------------
7             Armor Group (Asia Pacific) Co., Limited (Thailand)                            Thailand
----------------------------------------------------------------------------------------------------------------------
8             Armor Group Africa (Pty) Limited                                            South Africa
----------------------------------------------------------------------------------------------------------------------
9             Armor Group Limited                                                        United Kingdom
----------------------------------------------------------------------------------------------------------------------
10            ARMOR GROUP LIMITED PARTNERSHIP                                               SCOTLAND
----------------------------------------------------------------------------------------------------------------------
11            Armor Group Mozambique Lda                                                   Mozambique
----------------------------------------------------------------------------------------------------------------------
12            Armor Group Oriente SAC                                                         Peru
----------------------------------------------------------------------------------------------------------------------
13            Armor Group Peru SA                                                             Peru
----------------------------------------------------------------------------------------------------------------------
14            Armor Group Tanzania Limited                                                  Tanzania
----------------------------------------------------------------------------------------------------------------------
15            Armor Group Venezuela SA                                                      Venezuela
----------------------------------------------------------------------------------------------------------------------
16            Armor Holding Chad SARL                                                         Chad
----------------------------------------------------------------------------------------------------------------------
17            Armor Holdings Venezuela SA                                                   Venezuela
----------------------------------------------------------------------------------------------------------------------
18            Armor Integracion SA                                                          Venezuela
----------------------------------------------------------------------------------------------------------------------
19            Armor Products International Limited                                       United Kingdom
----------------------------------------------------------------------------------------------------------------------
20            Armor Services Limited Partnership                                            Scotland
----------------------------------------------------------------------------------------------------------------------
21            ArmorGroup (Nigeria) Limited                                                   Nigeria
----------------------------------------------------------------------------------------------------------------------
22            ArmorGroup Eurasia Limited (Azerbaijan)                                      Azerbaijan
----------------------------------------------------------------------------------------------------------------------
23            ArmorGroup Eurasia ZAO                                                         Russia
----------------------------------------------------------------------------------------------------------------------
24            ArmorGroup Humanitarian Operations LLC                                         Russia
----------------------------------------------------------------------------------------------------------------------
25            ArmorGroup Kenya Limited                                                        Kenya
----------------------------------------------------------------------------------------------------------------------
26            ArmorGroup Mexico SA de CV                                                     Mexico
----------------------------------------------------------------------------------------------------------------------
27            ArmorGroup North America, Inc.                                                Delaware
----------------------------------------------------------------------------------------------------------------------
28            ArmorGroup Services (Jersey) Limited                                           Jersey
----------------------------------------------------------------------------------------------------------------------
29            ArmorGroup Services Limited                                                United Kingdom
----------------------------------------------------------------------------------------------------------------------
30            ArmorGroup Services, LLC                                                      Delaware
----------------------------------------------------------------------------------------------------------------------
31            ArmorGroup Sever LLC                                                           Russia
----------------------------------------------------------------------------------------------------------------------
32            ArmorGroup Vostok OOO ChOP                                                     Russia
----------------------------------------------------------------------------------------------------------------------
33            ArmorGroup Yug OOO ChOP                                                        Russia
----------------------------------------------------------------------------------------------------------------------
34            Asmara Limited                                                             United Kingdom
----------------------------------------------------------------------------------------------------------------------
35            CDR International Ltd                                                      United Kingdom
----------------------------------------------------------------------------------------------------------------------
36            CDR International, Inc.                                                       Delaware
----------------------------------------------------------------------------------------------------------------------
37            Defence Systems Africa (Congo) SPRL                              Democratic Republic of Congo (DRC)
----------------------------------------------------------------------------------------------------------------------
38            Defence Systems Colombia SA                                                   Columbia
----------------------------------------------------------------------------------------------------------------------
39            Defence Systems Ecuador DSE SA                                                 Ecuador
----------------------------------------------------------------------------------------------------------------------
40            Defence Systems Eurasia Limited                                            United Kingdom
----------------------------------------------------------------------------------------------------------------------
41            Defence Systems Eurasia Limited (Moscow)                                       Russia
----------------------------------------------------------------------------------------------------------------------
42            Defence Systems Eurasia Limited (Ukraine)                                      Ukraine
----------------------------------------------------------------------------------------------------------------------
43            Defence Systems France SARL                                                    France
----------------------------------------------------------------------------------------------------------------------

                                      S-1
<PAGE>

----------------------------------------------------------------------------------------------------------------------
44            Defence Systems International Africa SA                                        France
----------------------------------------------------------------------------------------------------------------------
45            Defence Systems International Limited                                      United Kingdom
----------------------------------------------------------------------------------------------------------------------
46            Defence Systems Limited                                                    United Kingdom
----------------------------------------------------------------------------------------------------------------------
47            DSL (Overseas) Limited                                                         Cyprus
----------------------------------------------------------------------------------------------------------------------
48            DSL Holdings Limited                                                       United Kingdom
----------------------------------------------------------------------------------------------------------------------
49            DSL Integrated Systems Limited                                             United Kingdom
----------------------------------------------------------------------------------------------------------------------
50            DSL Integrated Systems Limited Liability Company                               Russia
----------------------------------------------------------------------------------------------------------------------
51            DSL Security (Asia) Pte Limited                                               Singapore
----------------------------------------------------------------------------------------------------------------------
52            ESSONNE CARROSSERIE VI S.A.R.L                                                 FRANCE
----------------------------------------------------------------------------------------------------------------------
53            Gorandel Trading Limited (Cyprus)                                              Cyprus
----------------------------------------------------------------------------------------------------------------------
54            HELLIO POIDS LOURDS - CARROSSERIE                                              FRANCE
----------------------------------------------------------------------------------------------------------------------
55            International Training, Inc.                                                  Virginia
----------------------------------------------------------------------------------------------------------------------
56            ITI Limited Partnership                                                         Texas
----------------------------------------------------------------------------------------------------------------------
57            Mozambique Mine Action Limitada                                              Mozambique
----------------------------------------------------------------------------------------------------------------------
58            Network Audit Systems, Inc.                                                   Delaware
----------------------------------------------------------------------------------------------------------------------
59            New Technologies Armor, Inc.                                                  Delaware
----------------------------------------------------------------------------------------------------------------------
60            O'GARA HESS & EISENHARDT- FRANCE S.A.                                          FRANCE
----------------------------------------------------------------------------------------------------------------------
61            O'Gara Security Associates, Inc.                                                Ohio
----------------------------------------------------------------------------------------------------------------------
62            O'GARA-FRANCE S.A.                                                             FRANCE
----------------------------------------------------------------------------------------------------------------------
63            O'GARA-HESS & EISENHARDT DE COLOMBIA, S.A.                                    COLUMBIA
----------------------------------------------------------------------------------------------------------------------
64            O'GARA-HESS & EISENHARDT DE VENEZUELA                                         VENEZUELA
----------------------------------------------------------------------------------------------------------------------
65            O'GARA-HESS & EISENHARDT DO BRASIL LTDA                                        BRAZIL
----------------------------------------------------------------------------------------------------------------------
66            O'GARA-HESS & EISENHARDT, SRL                                                   ITALY
----------------------------------------------------------------------------------------------------------------------
67            O'Reilly Vernier & Gurka Singapore Pte. Limited                               Singapore
----------------------------------------------------------------------------------------------------------------------
68            ORIENTACION PROFESIONAL Y ADMINISTRATIVA, S.A. DE C.V.                         MEXICO
----------------------------------------------------------------------------------------------------------------------
69            Parvus Crisis Management Corporation                                          Maryland
----------------------------------------------------------------------------------------------------------------------
70            SARL ESSONNE SECURITE                                                          FRANCE
----------------------------------------------------------------------------------------------------------------------
71            SARL NORMANDIE CARROSSERIE                                                     FRANCE
----------------------------------------------------------------------------------------------------------------------
72            Servicios ArmorGroup Mexico SA de CV                                           Mexico
----------------------------------------------------------------------------------------------------------------------
73            Site Logistics S.p.r.l.                                          Democratic Republic of Congo (DRC)
----------------------------------------------------------------------------------------------------------------------
74            SOCIETE DE BLINDAGE ET DE SECURITE S.B.S.                                      FRANCE
----------------------------------------------------------------------------------------------------------------------
75            THE O'GARA COMPANY DE MEXICO, S.A. DE C.V.                                     MEXICO
----------------------------------------------------------------------------------------------------------------------
76            The Parvus Company                                                            Maryland
----------------------------------------------------------------------------------------------------------------------
77            The Parvus International Information Company                                  Maryland
----------------------------------------------------------------------------------------------------------------------
78            TRASCO Grundstucksverwaltungs GmbH                                             Germany
----------------------------------------------------------------------------------------------------------------------
79            TRASCO Vehicles GmbH                                                           Germany
----------------------------------------------------------------------------------------------------------------------
80            U.S. Defense Systems, LLC                                                     Delaware
----------------------------------------------------------------------------------------------------------------------
81            US Defense Systems Peru, S.A.C.                                                 Peru
----------------------------------------------------------------------------------------------------------------------
82            USDS (Zimbabwe) (Private) Limited                                             Zimbabwe
----------------------------------------------------------------------------------------------------------------------
83            Vulcano Integrated Alarm Systems SA (VIAS)                                    Venezuela
------------ -------------------------------------------------------------- ------------------------------------------
</TABLE>

                                     A-1-2

<PAGE>

                                                                     EXHIBIT A-1
                                                                     -----------

                             [FORM OF FACE OF NOTE]

                              ARMOR HOLDINGS, INC.

                           [Private Placement Legend]

THIS SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND THE SECURITY
EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER
MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A OR REGULATION S THEREUNDER. THE HOLDER OF
THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT:

                  (A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
         TRANSFERRED, ONLY

                           (1) (a) TO A PERSON WHOM THE SELLER REASONABLY
                  BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
                  RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
                  THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING
                  THE REQUIREMENTS OF RULE 144 (IF AVAILABLE) UNDER THE
                  SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A NON U.S
                  PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903
                  OR 904 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL
                  "ACCREDITED INVESTOR" (AS DEFINED IN RULE 501(a)(1),(2),(3) OR
                  (7) OF THE SECURITIES ACT (AN "INSTITUTIONAL ACCREDITED
                  INVESTOR")) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE
                  TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND
                  AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE
                  TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE
                  PRINCIPAL AMOUNT OF NOTES LESS THAN $100,000, AN OPINION OF
                  COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN
                  COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH
                  ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
                  SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE
                  ISSUER SO REQUESTS),

                          (2) TO THE ISSUER, OR

                          (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
                  AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE
                  SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
                  APPLICABLE JURISDICTION; AND

                  (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED
         TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF
         THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.

                  THIS SECURITY MAY NOT BE ACQUIRED OR HELD WITH THE ASSETS OF
         (I) AN "EMPLOYEE BENEFIT PLAN" (AS DEFINED IN THE EMPLOYEE RETIREMENT
         INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA")) THAT IS SUBJECT TO
         ERISA, (II) A "PLAN"

                                     A-1-1
<PAGE>

         DESCRIBED IN SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS
         AMENDED (THE "CODE"), (III) ANY ENTITY DEEMED TO HOLD "PLAN ASSETS" OF
         ANY OF THE FOREGOING BY REASON OF AN EMPLOYEE BENEFIT PLAN'S OR PLAN'S
         INVESTMENT IN SUCH ENTITY, OR (IV) A GOVERNMENTAL PLAN OR CHURCH PLAN
         SUBJECT TO APPLICABLE LAW THAT IS SUBSTANTIALLY SIMILAR TO THE
         FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA
         OR SECTION 4975 OF THE CODE ("SIMILAR LAW"), UNLESS THE ACQUISITION AND
         HOLDING OF THIS SECURITY BY THE PURCHASER OR TRANSFEREE, THROUGHOUT THE
         PERIOD THAT IT HOLDS THIS SECURITY, ARE EXEMPT FROM THE PROHIBITED
         TRANSACTION RESTRICTIONS UNDER ERISA AND SECTION 4975 OF THE CODE OR
         ANY PROVISIONS OF SIMILAR LAW, AS APPLICABLE, PURSUANT TO ONE OR MORE
         PROHIBITED TRANSACTION STATUTORY OR ADMINISTRATIVE EXEMPTIONS. BY ITS
         ACQUISITION OR HOLDING OF THIS SECURITY, EACH PURCHASER AND TRANSFEREE
         WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT THE FOREGOING
         REQUIREMENTS HAVE BEEN SATISFIED.

                              [Global Note Legend]

                  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 2.07 OF
         THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT
         IN PART PURSUANT TO SECTION 2.07(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, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR
         REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
         ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
         IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
         MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
         AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE
         HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
         AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                                     A-1-2
<PAGE>

                    8 1/4% SENIOR SUBORDINATED NOTES DUE 2013

No. __________                                                    $ ___________

                                                          CUSIP No. ___________

         Armor Holdings, Inc., a Delaware corporation, promises to pay to
_________________ or registered assigns the principal sum of ___________ Dollars
on August 15, 2013.

         Interest Payment Dates: February 15 and August 15, commencing
___________

         Record Dates:  February 1 and August 1

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

                                     A-1-3
<PAGE>

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

                                          ARMOR HOLDINGS, INC.

                                          By:___________________________________
                                             Name:
                                             Title:

                                          By:___________________________________
                                             Name:
                                             Title:

Dated:

Certificate of Authentication:

Wachovia Bank, National Association,
as Trustee, certifies that this is one of
the Notes referred to in the within
mentioned Indenture.

By:____________________________________
          Authorized Signatory

                                     A-1-4
<PAGE>

                                [REVERSE OF NOTE]

                              ARMOR HOLDINGS, INC.

                    8 1/4% SENIOR SUBORDINATED NOTES DUE 2013

                  1. Interest. Armor Holdings, Inc., a Delaware corporation (the
         "Company"), promises to pay interest on the principal amount of this
         Note at 8.25% per annum from ______________, 2003 until maturity;
         provided, however, that if a Registration Default (as defined in the
         Registration Rights Agreement) occurs, additional interest will accrue
         on this Note 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 at a rate of 0.5% per annum with respect to
         the first 90-day period following such Registration Default, increasing
         by an additional 0.5% per annum with respect to each subsequent 90-day
         period until all Registration Defaults have been cured, up to a maximum
         amount of additional interest of 1.0% per annum. The Company will pay
         interest semiannually on February 15 and August 15 of each year (each
         an "Interest Payment Date"), or if any such day is not a Business Day,
         on the next succeeding Business Day. Interest on the Notes will accrue
         from the most recent Interest Payment Date on which interest has been
         paid or, if no interest has been paid, from _________________; provided
         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 ________________.
         The Company 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 equal to the interest
         rate then in effect; it shall pay interest 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 will be
         computed on the basis of a 360-day year of twelve 30-day months.

                  2. Method of Payment. The Company shall pay interest on the
         Notes (except defaulted interest) to the persons who are registered
         holders of Notes at the close of business on the record date
         immediately preceding the Interest Payment Date, even if such Notes are
         cancelled after the record date and on or before the Interest Payment
         Date, except as provided in Section 2.11 of the Indenture with respect
         to defaulted interest. The Notes shall be payable as to principal,
         premium, if any, and interest at the office or agency of the Company
         maintained for such purpose in The City of New York, or Charlotte,
         North Carolina maintained for such purposes, or, at the option of the
         Company, payment of interest may be made by check mailed to the Holders
         at their addresses set forth in the register of Holders, and provided
         that payment by wire transfer of immediately available funds shall be
         required with respect to principal of, premium, if any, and interest
         on, all Global Notes and all other Notes the Holders of which shall
         have provided wire transfer instructions to the Company or the Paying
         Agent. Holders must surrender Notes to a Paying Agent to collect
         principal payments. The Company will pay principal of, premium, if any,
         and interest on the Notes in money of the United States of America that
         at the time of payment is legal tender for payment of public and
         private debts. However, the Company may pay such amounts by check
         payable in such money. It may mail an interest check to a Holder's
         registered address.

                  3. Paying Agent and Registrar. Initially, the Trustee will act
         as Paying Agent and Registrar. The Company may change any Paying Agent,
         Registrar or co-registrar without notice. The Company or any of its
         Subsidiaries may act as Paying Agent or Registrar.

                  4. Indenture. The Company issued the Notes under an Indenture,
         dated as of August 12, 2003 (the "Indenture"), among the Company, the
         Subsidiary Guarantors and the Trustee. Capitalized terms herein are
         used as defined in the Indenture unless otherwise defined herein. 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
         (15 U.S. Code Sections 77aaa-77bbb) as in effect on the date of the
         Indenture. Notwithstanding

                                     A-1-5
<PAGE>

         anything to the contrary herein, 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. The Indenture
         pursuant to which the Notes are issued provides that an unlimited
         aggregate principal amount of Notes may be issued thereunder.

                  5. Guarantees. The Notes are general senior subordinated
         unsecured obligations of the Company. The Company's obligation to pay
         principal, premium, if any, and interest with respect to the Notes is
         unconditionally guaranteed on a senior subordinated basis, jointly and
         severally, by the Subsidiary Guarantors pursuant to Article Eleven of
         the Indenture. Certain limitations to the obligations of the Subsidiary
         Guarantors are set forth in further detail in the Indenture.

                  6. Subordination. Each Holder by accepting this Note agrees,
         that payment of principal, premium, if any, and interest on (or any
         other Obligations relating to) the Notes is subordinated in right of
         payment, to the extent and in the manner provided in Article Ten of the
         Indenture, to the prior payment in full in cash of all Senior Debt of
         the Company (whether outstanding on the date hereof or hereafter
         created, incurred, assumed or guaranteed), and that the subordination
         is for the benefit of the holders of Senior Debt. Each Holder by
         accepting this Note agrees, that any payment in respect of the
         Subsidiary Guarantee of each Subsidiary Guarantor is subordinated in
         right of payment, to the extent and in the manner provided in Article
         Twelve of the Indenture, to the prior payment in full in cash of all
         Senior Debt of such Subsidiary Guarantor (whether outstanding on the
         date hereof or hereafter created, incurred, assumed or guaranteed), and
         that the subordination is for the benefit of the holders of Senior
         Debt.

                  7. Optional Redemption. Except as described below, the Notes
         will not be redeemable at the Company's option prior to August 15,
         2008. At any time on or after August 15, 2008, the Company may, at its
         option, redeem all or any portion of the Notes, subject to any
         restriction or other provisions relating thereto contained in any
         Senior Debt, upon not less than 30 nor more than 60 days' notice, at
         the redemption prices (expressed as percentages of the principal amount
         of the Notes) set forth below, plus, in each case, accrued and unpaid
         interest and additional interest, if any, thereon to the applicable
         redemption date, if redeemed during the 12-month period beginning on
         August 15 of the years indicated below:

                           Year                             Percentage
                           ----                             ----------
                           2008                             104.125%
                           2009                             102.750%
                           2010                             101.375%
                           2011 and thereafter              100.000%

                  Notwithstanding the foregoing, at any time and from time to
         time on or prior to August 15, 2006, the Company may redeem up to 35%
         of the aggregate principal amount of the Notes originally issued under
         the Indenture, subject to any restriction or other provisions relating
         thereto contained in any Senior Debt, with the proceeds of one or more
         Public Equity Offerings, at a redemption price (expressed as a
         percentage of principal amount) of 108.25%, plus accrued and unpaid
         interest and additional interest, if any, to the redemption date
         (subject to the right of Holders of record on the relevant record date
         to receive interest due on the relevant interest payment date);
         provided, however, that (1) at least 65% of the aggregate principal
         amount of the Notes originally issued under the Indenture must remain
         outstanding immediately after the occurrence of each such redemption
         (excluding Notes held by the Company and its Subsidiaries); and (2) any
         such redemption must occur within 60 days of the date of the closing of
         each such Public Equity Offering.

                  8. No Mandatory Redemption. The Company shall not be required
         to make mandatory redemption payments or sinking fund payments with
         respect to the Notes.

                                     A-1-6
<PAGE>

                  9. Selection and Notice of Redemption. Notice of redemption
         will be mailed to the Holder's registered address at least 30 days but
         not more than 60 days before the redemption date to each Holder of
         Notes to be redeemed. If less than all of the Notes are to be redeemed,
         the Trustee shall select the Notes to be redeemed in integral multiples
         of $1,000 pro rata, by lot or by any other method that the Trustee
         considers fair and appropriate; provided that if the Notes are listed
         on any securities exchange, that such method complies with the
         requirements of such exchange. Notes in denominations larger than
         $1,000 may be redeemed in part. On and after the redemption date
         interest ceases to accrue on Notes or portions of them called for
         redemption (unless the Company shall default in the payment of the
         redemption price or accrued interest).

                  10. Repurchase at Option of Holder. (a) Upon the occurrence of
         a Change of Control, each Holder of Notes will have the right to
         require the Company to repurchase all or any part (equal to $1,000 or
         an integral multiple thereof) of such Holder's Notes pursuant to a
         Change of Control Offer at an offer price in cash equal to 101% of the
         aggregate principal amount thereof plus accrued and unpaid interest and
         additional interest, if any, thereon, to the date of purchase. Within
         30 days following any Change of Control, the Company will mail a notice
         to each Holder describing, among other things, the transaction or
         transactions that constitute the Change of Control and offering to
         repurchase Notes on the date specified in such notice, which date shall
         be no earlier than 30 days and no later than 90 days from the date such
         notice is mailed, pursuant to the procedures required by the Indenture
         and described in such notice.

                  (b) Within 365 days after the receipt of any Net Proceeds from
         an Asset Sale, the Company may apply such Net Proceeds at its option to
         (1) prepay, repay or repurchase Senior Debt and, if (i) the Senior Debt
         repaid is revolving credit Indebtedness, and (ii) at the time of such
         Asset Sale and at the time of such repayment, the Company is not
         permitted to incur at least $1.00 of additional Indebtedness pursuant
         to the Fixed Charge Coverage Ratio test set forth in the first
         paragraph of Section 4.09 of the Indenture, correspondingly reduce
         commitments with respect thereto or (2) to purchase Replacement Assets
         or to make a capital expenditure in or that is used or useful in a
         Permitted Business. Any Net Proceeds from Asset Sales that are not
         applied or invested as provided in the immediately preceding sentence
         shall constitute "Excess Proceeds." Within 30 days after the aggregate
         amount of Excess Proceeds exceeds $5.0 million, the Company shall make
         an "Asset Sale Offer" to all Holders of Notes, and all holders of other
         Indebtedness that is pari passu with the Notes or any Subsidiary
         Guarantee containing provisions similar to those set forth in this
         Indenture with respect to offers to purchase with the proceeds of sales
         of assets, to purchase the maximum principal amount of Notes and such
         other pari passu Indebtedness that may be purchased out of the Excess
         Proceeds. The offer price in any Asset Sale Offer shall be equal to
         100% of principal amount of the Notes purchased plus accrued and unpaid
         interest and additional interest, if any, thereon, to the date of
         purchase, and shall be payable in cash. If any Excess Proceeds remain
         after consummation of an Asset Sale Offer, the Company may use such
         Excess Proceeds for any purpose not otherwise prohibited by this
         Indenture. If the aggregate principal amount of Notes and such other
         pari passu Indebtedness tendered into such Asset Sale Offer exceeds the
         amount of Excess Proceeds, the Trustee shall select the Notes and such
         other pari passu Indebtedness to be purchased on a pro rata basis based
         on the principal amount of Notes and such other pari passu Indebtedness
         tendered. Upon completion of each Asset Sale Offer, the amount of
         Excess Proceeds shall be reset at zero.

                  11. Denominations, Transfer, Exchange. The Notes are in
registered form without coupons in denominations of $1,000 and whole multiples
of $1,000. A Holder may transfer or exchange Notes in accordance with the
Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes and fees
required by law or permitted by the Indenture. The Registrar need not transfer
or exchange any Notes selected for redemption. Also, it need not transfer or
exchange any Notes for a period of 15 days before the mailing of a notice of
redemption of Notes to be redeemed.

                  12. Persons Deemed Owners. The registered Holder of a Note may
be treated as the owner of it for all purposes and neither the Company, any
Subsidiary Guarantor, the Trustee nor any Agent shall be affected by notice to
the contrary.

                                     A-1-7
<PAGE>

                  13. Amendment, Supplement, 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 Notes, and any existing default or noncompliance with any provision of the
Indenture or the Notes may be waived with the consent of the Holders of a
majority in aggregate principal amount of the then outstanding Notes. Without
the consent of any Holder, the Company and the Trustee may amend or supplement
the Indenture or the Notes to: cure any ambiguity, defect or inconsistency;
provide for uncertificated Notes in addition to or in place of certificated
Notes; provide for the assumption of the Company's or any Subsidiary Guarantor's
Obligations to the Holders of the Notes in the case of a merger or consolidation
or sale of all or substantially all of the Company's or such Subsidiary
Guarantor's assets pursuant to the provisions of Section 5.01, 4.20(B) or 4.22
of the Indenture; to make any change that would provide any additional benefit
or rights to the Holders or that does not adversely affect the legal rights
hereunder of any such Holder; to comply with requirements of the Commission in
order to effect or maintain the qualification of this Indenture under the TIA;
to comply with Sections 4.20(C) (release of Subsidiary Guarantees) and 4.22
(Additional Subsidiary Guarantors) of the Indenture; evidence and provide for
the acceptance of appointment by a successor Trustee; provide for the issuance
of Additional Notes in accordance with the limitations set forth in the
Indenture as of the date thereof; or allow any Subsidiary of the Company or any
of its Subsidiaries to execute a supplemental indenture to become a Subsidiary
Guarantor or to execute a Subsidiary Guarantee with respect to the Notes.

                  14. Defaults and Remedies. If an Event of Default (other than
an Event of Default related to bankruptcy or insolvency of the Company, any
Significant Subsidiary of the Company or any Subsidiaries of the Company that,
taken together as a whole, would constitute a Significant Subsidiary) under the
Indenture occurs and is continuing, then and in every such case the Trustee or
the Holders of not less than 25% in aggregate principal amount of the
outstanding Notes may declare the unpaid principal of, premium, if any, accrued
and unpaid interest and additional interest, if any, on, all the Notes then
outstanding to be due and payable, by a notice in writing to the Company (and to
the Trustee, if given by Holders) specifying the respective Event of Default and
upon any such declaration such principal, premium, if any, accrued and unpaid
interest and additional interest, if any, shall become immediately due and
payable; provided, however, that so long as any Obligations under any Credit
Facilities shall be outstanding, the acceleration shall not be effective until
the earlier of (1) an acceleration of Indebtedness under such Credit Facilities
or (2) five business days after receipt by the Company and the agent under such
Credit Facilities of written notice of such declaration of acceleration of the
Notes. If an Event of Default related to bankruptcy or insolvency of the
Company, any Significant Subsidiary of the Company or any Subsidiaries of the
Company that, taken together as a whole, would constitute a Significant
Subsidiary occurs, all unpaid principal of, accrued interest and additional
interest, if any, on, the Notes then outstanding will become due and payable
immediately, without any declaration or other act on the part of the Trustee or
any Holder. Holders may not enforce the Indenture or the Notes except as
provided in the Indenture. The Trustee may require indemnity and security
satisfactory to it before it enforces the Indenture or the Notes. Subject to
certain limitations, Holders of a majority in aggregate principal amount of the
Notes may direct the Trustee in its exercise of any trust or power.

                  15. Trustee Dealings with Company and Subsidiary Guarantors.
The Trustee under the Indenture, in its individual or any other capacity, may
become the owner or pledgee of Notes and may otherwise deal with the Company,
the Subsidiary Guarantors or their respective Subsidiaries or Affiliates with
the same rights it would have if it were not Trustee.

                  16. Authentication. This Note shall not be valid until the
Trustee or an authenticating agent signs the certificate of authentication on
the other side of this Note.

                  17. CUSIP Numbers. Pursuant to a recommendation promulgated by
the Committee on Uniform Security Identification Procedures, the Company will
cause CUSIP numbers to be printed on the Notes as a convenience to Holders of
the Notes. No representation is made as to the accuracy of such numbers as
printed on the Notes and reliance may be placed only on the other identification
numbers printed hereon.

                  18. No Recourse Against Others. A director, officer, employee,
incorporator or stockholder, as such, of the Company, any Subsidiary Guarantor
or the Trustee, shall not have any liability for any obligations of the Company,
any Subsidiary Guarantor or the Trustee, under the Notes or the Indenture or for
any claim based on,

                                     A-1-8
<PAGE>

in 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 the issue of the Notes.

                  19. 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).

                  This Note shall be governed by and construed in accordance
         with the laws of the State of New York.

         The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture. Requests may be made to: Armor Holdings, Inc.,
1400 Marsh Landing Parkway, Suite 112, Jacksonville, Florida 32250, Attention:
Philip Baratelli.

                                     A-1-9
<PAGE>

                                 ASSIGNMENT FORM

To assign this Note, fill in the form below:

I or we assign and transfer this Note to:

--------------------------------------------------------------------------------
               (Insert assignee's social security or tax I.D. no.)

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

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

--------------------------------------------------------------------------------
              (Print or type assignee's name, address and zip code)

and irrevocably appoint _____________________________________as agent to
transfer this Note on the books of the Company. The agent may substitute another
to act for him.

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

Your Signature:_________________________________________________________________
              (Sign exactly as your name appears on the other side of this Note)

Your Name:_______________________________________

Date:

Signature Guarantee:_____________________________

                                     A-1-10
<PAGE>

                   FORM OF OPTION OF HOLDER TO ELECT PURCHASE

         If you want to elect to have this Note purchased by the Company
pursuant to Section 4.11 or Section 4.16 of the Indenture, check the box: ?

         If you want to have only part of this Note purchased by the Company
pursuant to Section 4.11 or Section 4.16 of the Indenture, state the amount (in
integral multiples of $1,000:

$_______________________________

Date:___________________________

Signature:____________________________________
(Sign exactly as your name appears on the other side of this Note)

Name:___________________________________________________________________________

Signature Guarantee:____________________________________________________________

                                     A-1-11
<PAGE>

                         [TO BE ATTACHED TO GLOBAL NOTE]

                SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

    The following increases or decreases in this Global Note have been made:

<TABLE>
<CAPTION>
====================================================================================================================
                                                                       PRINCIPAL AMOUNT OF        SIGNATURE OF
                        AMOUNT OF DECREASE IN  AMOUNT OF INCREASE IN     THIS GLOBAL NOTE     AUTHORIZED SIGNATORY
                         PRINCIPAL AMOUNT OF    PRINCIPAL AMOUNT OF       FOLLOWING SUCH      OF TRUSTEE OR NOTES
   DATE OF EXCHANGE        THIS GLOBAL NOTE       THIS GLOBAL NOTE     DECREASE OR INCREASE        CUSTODIAN
====================================================================================================================
<S>                     <C>                    <C>                     <C>                    <C>

====================================================================================================================
</TABLE>

                                     A-1-12
<PAGE>

                                                                     EXHIBIT A-2
                                                                     -----------

                             [FORM OF FACE OF NOTE]

                              ARMOR HOLDINGS, INC.

                   [Regulation S Temporary Global Note Legend]

THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE
BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED
TO RECEIVE PAYMENT OF INTEREST HEREON.

                           [Private Placement Legend]

THIS SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND THE SECURITY
EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER
MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A OR REGULATION S THEREUNDER. THE HOLDER OF
THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT:

                  (A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
         TRANSFERRED, ONLY

                           (1) (a) TO A PERSON WHOM THE SELLER REASONABLY
                  BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
                  RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
                  THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING
                  THE REQUIREMENTS OF RULE 144 (IF AVAILABLE) UNDER THE
                  SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A NON U.S
                  PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903
                  OR 904 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL
                  "ACCREDITED INVESTOR" (AS DEFINED IN RULE 501(a) (1) , (2) ,
                  (3) OR (7) OF THE SECURITIES ACT (AN "INSTITUTIONAL ACCREDITED
                  INVESTOR")) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE
                  TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND
                  AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE
                  TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE
                  PRINCIPAL AMOUNT OF NOTES LESS THAN $100,000, AN OPINION OF
                  COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN
                  COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH
                  ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
                  SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE
                  ISSUER SO REQUESTS),

                           (2) TO THE ISSUER, OR

                           (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
                  AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE
                  SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
                  APPLICABLE JURISDICTION; AND

                                     A-2-1
<PAGE>

                  (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED
         TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF
         THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE.

                  THIS SECURITY MAY NOT BE ACQUIRED OR HELD WITH THE ASSETS OF
         (I) AN "EMPLOYEE BENEFIT PLAN" (AS DEFINED IN THE EMPLOYEE RETIREMENT
         INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA")) THAT IS SUBJECT TO
         ERISA, (II) A "PLAN" DESCRIBED IN SECTION 4975 OF THE INTERNAL REVENUE
         CODE OF 1986, AS AMENDED (THE "CODE"), (III) ANY ENTITY DEEMED TO HOLD
         "PLAN ASSETS" OF ANY OF THE FOREGOING BY REASON OF AN EMPLOYEE BENEFIT
         PLAN'S OR PLAN'S INVESTMENT IN SUCH ENTITY, OR (IV) A GOVERNMENTAL PLAN
         OR CHURCH PLAN SUBJECT TO APPLICABLE LAW THAT IS SUBSTANTIALLY SIMILAR
         TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF
         ERISA OR SECTION 4975 OF THE CODE ("SIMILAR LAW"), UNLESS THE
         ACQUISITION AND HOLDING OF THIS SECURITY BY THE PURCHASER OR
         TRANSFEREE, THROUGHOUT THE PERIOD THAT IT HOLDS THIS SECURITY, ARE
         EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS UNDER ERISA AND
         SECTION 4975 OF THE CODE OR ANY PROVISIONS OF SIMILAR LAW, AS
         APPLICABLE, PURSUANT TO ONE OR MORE PROHIBITED TRANSACTION STATUTORY OR
         ADMINISTRATIVE EXEMPTIONS. BY ITS ACQUISITION OR HOLDING OF THIS
         SECURITY, EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE
         REPRESENTED AND WARRANTED THAT THE FOREGOING REQUIREMENTS HAVE BEEN
         SATISFIED.

                              [Global Note Legend]

                  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 2.07 OF
         THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT
         IN PART PURSUANT TO SECTION 2.07(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, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR
         REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
         ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
         IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
         MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
         AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE
         HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
         AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

         [THE REMAINDER OF THIS SECURITY SHALL BE IN THE FORM SET FORTH IN
         EXHIBIT A-1.]

                                     A-2-2
<PAGE>

                                                                       EXHIBIT B
                                                                       ---------

                         FORM OF CERTIFICATE OF TRANSFER

         Armor Holdings, Inc.
         1400 Marsh Landing Parkway, Suite 112
         Jacksonville, Florida  32250
         Facsimile:  (904) 741-5403
         Attention:  Philip Baratelli

         CUSIP:_____________

                  Re:  8 1/4% Senior Subordinated Notes due 2013

                  Reference is hereby made to the Indenture, dated as of August
         12, 2003 (the "Indenture"), between Armor Holdings, Inc., a Delaware
         corporation (the "Company"), the Subsidiary Guarantors and Wachovia
         Bank, National Association, as trustee. Capitalized terms used but not
         defined herein shall have the meanings given to them in the Indenture.

                  ___________________ (the "Transferor") owns and proposes to
         transfer the Note[s] or interest in such Note[s] specified in Annex A
         hereto, in the principal amount at maturity of $___________ in such
         Note[s] or interests (the "Transfer"), to ___________________________
         (the "Transferee"), as further specified in Annex A hereto. In
         connection with the Transfer, the Transferor hereby certifies that:

                           [CHECK ALL THAT APPLY]

                  1. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL
         INTEREST IN THE 144A GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO RULE
         144A. The Transfer is being effected pursuant to and in accordance with
         Rule 144A under the United States Securities Act of 1933, as amended
         (the "Securities Act"), and, accordingly, the Transferor hereby further
         certifies that the beneficial interest or Definitive Note is being
         transferred to a Person that the Transferor reasonably believed and
         believes is purchasing the beneficial interest or Definitive Note for
         its own account, or for one or more accounts with respect to which such
         Person exercises sole investment discretion, and such Person and each
         such account is a "qualified institutional buyer" within the meaning of
         Rule 144A in a transaction meeting the requirements of Rule 144A and
         such Transfer is in compliance with any applicable blue sky securities
         laws of any state of the United States. Upon consummation of the
         proposed Transfer in accordance with the terms of the Indenture, the
         transferred beneficial interest or Definitive Note shall be subject to
         the restrictions on transfer enumerated in the Private Placement Legend
         printed on the 144A Global Note and/or the Definitive Note and in the
         Indenture and the Securities Act.

                  2. [ ] Check if Transferee will take delivery of a beneficial
         interest in the Regulation S Global Note or a Definitive Note pursuant
         to Regulation S. The Transfer is being effected pursuant to and in
         accordance with Rule 903 or Rule 904 under the Securities Act and,
         accordingly, the Transferor hereby further certifies that (i) the
         Transfer is not being made to a person in the United States and (x) at
         the time the buy order was originated, the Transferee was outside the
         United States or such Transferor and any Person acting on its behalf
         reasonably believed and believes that the Transferee was outside the
         United States or (y) the transaction was executed in, on or through the
         facilities of a designated offshore securities market and neither such
         Transferor nor any Person acting on its behalf knows that the
         transaction was prearranged with a buyer in the United States, (ii) no
         directed selling efforts have been made in contravention of the
         requirements of Rule 903(b) or Rule 904(b) of Regulation S under the
         Securities Act, (iii) the transaction is not part of a plan or scheme
         to evade the registration requirements of the Securities Act and (iv)
         if the proposed transfer is being made prior to the expiration of the
         restricted period as defined in Regulation S, the transfer is not being
         made to a U.S. Person or for the account or benefit of a U.S.

                                      B-1
<PAGE>

         Person (other than the Initial Purchaser). Upon consummation of the
         proposed transfer in accordance with the terms of the Indenture, the
         transferred beneficial interest or Definitive Note shall be subject to
         the restrictions on Transfer enumerated in the Private Placement Legend
         printed on the Regulation S Global Note and/or the Definitive Note
         transferred pursuant to Regulation S and in the Indenture and the
         Securities Act.

                  3. [ ] CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF
         A BENEFICIAL INTEREST IN A DEFINITIVE NOTE PURSUANT TO ANY PROVISION OF
         THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S. The Transfer
         is being effected in compliance with the transfer restrictions
         applicable to beneficial interests in Restricted Global Notes and
         Restricted Definitive Notes and pursuant to and in accordance with the
         Securities Act and any applicable blue sky securities laws of any state
         of the United States, and accordingly the Transferor hereby further
         certifies that (check one):

                  (a) [ ] such Transfer is being effected pursuant to and in
         accordance with Rule 144 under the Securities Act; or

                  (b) [ ] such Transfer is being effected to the Company or a
         subsidiary thereof; or

                  (c) [ ] such Transfer is being effected pursuant to an
         effective registration statement under the Securities Act and in
         compliance with the prospectus delivery requirements of the Securities
         Act; or

                  (d) [ ] such Transfer is being effected to an Institutional
         Accredited Investor and pursuant to an exemption from the registration
         requirements of the Securities Act other than Rule 144A, Rule 144 or
         Rule 904, and the Transferor hereby further certifies that it has not
         engaged in any general solicitation within the meaning of Regulation D
         under the Securities Act and the Transfer complies with the transfer
         restrictions applicable to beneficial interests in a Restricted Global
         Note or Restricted Definitive Notes and the requirements of the
         exemption claimed, which certification is supported by (1) a
         certificate executed by the Transferee in the form of Exhibit D to the
         Indenture and (2) if the principal amount of Notes to be transferred is
         less than $100,000, an Opinion of Counsel provided by the Transferor or
         the Transferee (a copy of which the Transferor has attached to this
         certification), to the effect that such Transfer is in compliance with
         the Securities Act. Upon consummation of the proposed transfer in
         accordance with the terms of the Indenture, the transferred beneficial
         interest or Definitive Note shall be subject to the restrictions on
         transfer enumerated in the Private Placement Legend printed on the
         Definitive Notes and in the Indenture and the Securities Act.

                  4. [ ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL
         INTEREST IN AN UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED
         DEFINITIVE NOTE.

                  (a) [ ] CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The
         Transfer is being effected pursuant to and in accordance with Rule 144
         under the Securities Act and in compliance with the transfer
         restrictions contained in the Indenture and any applicable blue sky
         securities laws of any state of the United States and (ii) the
         restrictions on transfer contained in the Indenture and the Private
         Placement Legend are not required in order to maintain compliance with
         the Securities Act. Upon consummation of the proposed Transfer in
         accordance with the terms of the Indenture, the transferred beneficial
         interest or Definitive Note shall no longer be subject to the
         restrictions on transfer enumerated in the Private Placement Legend
         printed on the Restricted Global Notes, on Restricted Definitive Notes
         and in the Indenture.

                  (b) [ ] CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The
         Transfer is being effected pursuant to and in accordance with Rule 903
         or Rule 904 under the Securities Act and in compliance with the
         transfer restrictions contained in the Indenture and any applicable
         blue sky securities laws of any state of the United States and (ii) the
         restrictions on transfer contained in the Indenture and the Private
         Placement Legend are not required in order to maintain compliance with
         the Securities Act. Upon consummation of the proposed Transfer in
         accordance with the terms of the Indenture, the transferred

                                      B-2
<PAGE>

         beneficial interest or Definitive Note shall no longer be subject to
         the restrictions on transfer enumerated in the Private Placement Legend
         printed on the Restricted Global Notes or Restricted Definitive Notes
         and in the Indenture.

                  (c) [ ] CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i)
         The Transfer is being effected pursuant to and in compliance with an
         exemption from the registration requirements of the Securities Act
         other than Rule 144, Rule 903 or Rule 904 and in compliance with the
         transfer restrictions contained in the Indenture and any applicable
         blue sky securities laws of any State of the United States and (ii) the
         restrictions on transfer contained in the Indenture and the Private
         Placement Legend are not required in order to maintain compliance with
         the Securities Act. Upon consummation of the proposed Transfer in
         accordance with the terms of the Indenture, the transferred beneficial
         interest or Definitive Note shall not be subject to the restrictions on
         transfer enumerated in the Private Placement Legend printed on the
         Restricted Global Notes or Restricted Definitive Notes and in the
         Indenture.

                  This certificate and the statements contained herein are made
         for your benefit and the benefit of the Company.

                                              __________________________________
                                                [Insert Name of Transferor]

                                              By:_______________________________
                                                 Name:
                                                 Title:
Dated:______________________

                                      B-3
<PAGE>

                       ANNEX A TO CERTIFICATE OF TRANSFER

1.             The Transferor owns and proposes to transfer the following:

                           [CHECK ONE OF (A) OR (B)]

           (A)     [ ] a beneficial interest in the:

              (i)  [ ] 144A Global Note (CUSIP __________); or

              (ii) [ ] Regulation S Global Note (CUSIP __________); or

           (B)     [ ] a Restricted Definitive Note.

2.                     After the Transfer the Transferee shall hold:

                                   [CHECK ONE]

           (A)     [ ] a beneficial interest in the:

              (i)  [ ] 144A Global Note (CUSIP __________); or

              (ii) [ ] Regulation S Global Note (CUSIP __________); or

              (iii)[ ] Unrestricted Global Note (CUSIP __________); or

           (B)     [ ] a Restricted Definitive Note; or

           (C)     [ ] an Unrestricted Definitive Note,

in accordance with the terms of the Indenture.

                                      B-4
<PAGE>

                                                                       EXHIBIT C
                                                                       ---------

                         FORM OF CERTIFICATE OF EXCHANGE

         Armor Holdings, Inc.
         1400 Marsh Landing Parkway, Suite 112
         Jacksonville, Florida  32250
         Facsimile:  (904) 741-5403
         Attention:  Philip Baratelli

         CUSIP: ______________

                  Re:  8 1/4% Senior Subordinated Notes due 2013

                  Reference is hereby made to the Indenture, dated as of August
         12, 2003 (the "Indenture"), between Armor Holdings, Inc., a Delaware
         corporation (the "Company), the Subsidiary Guarantors and Wachovia
         Bank, National Association, as trustee. Capitalized terms used but not
         defined herein shall have the meanings given to them in the Indenture.

                  __________________________ (the "Owner") owns and proposes to
         exchange the Note[s] or interest in such Note[s] specified herein, in
         the principal amount at maturity of $____________ in such Note[s] or
         interests (the "Exchange"). In connection with the Exchange, the Owner
         hereby certifies that:

                  1. EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL
         INTERESTS IN A RESTRICTED GLOBAL NOTE FOR UNRESTRICTED DEFINITIVE NOTES
         OR BENEFICIAL INTERESTS IN AN UNRESTRICTED GLOBAL NOTE.

                  (a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A
         RESTRICTED GLOBAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL
         NOTE. In connection with the Exchange of the Owner's beneficial
         interest in a Restricted Global Note for a beneficial interest in an
         Unrestricted Global Note in an equal principal amount, the Owner hereby
         certifies (i) the beneficial interest is being acquired for the Owner's
         own account without transfer, (ii) such Exchange has been effected in
         compliance with the transfer restrictions applicable to the Global
         Notes and pursuant to and in accordance with the United States
         Securities Act of 1933, as amended (the "Securities Act"), (iii) the
         restrictions on transfer contained in the Indenture and the Private
         Placement Legend are not required in order to maintain compliance with
         the Securities Act and (iv) the beneficial interest in an Unrestricted
         Global Note is being acquired in compliance with any applicable blue
         sky securities laws of any state of the United States.

                  (b) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A
         RESTRICTED GLOBAL NOTE TO UNRESTRICTED DEFINITIVE NOTE. In connection
         with the Exchange of the Owner's beneficial interest in a Restricted
         Global Note for an Unrestricted Definitive Note, the Owner hereby
         certifies (i) the Definitive Note is being acquired for the Owner's own
         account without transfer, (ii) such Exchange has been effected in
         compliance with the transfer restrictions applicable to the Restricted
         Global Notes and pursuant to and in accordance with the Securities Act,
         (iii) the restrictions on transfer contained in the Indenture and the
         Private Placement Legend are not required in order to maintain
         compliance with the Securities Act and (iv) the Definitive Note is
         being acquired in compliance with any applicable blue sky securities
         laws of any state of the United States.

                  (c) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE
         TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection
         with the Owner's Exchange of a Restricted Definitive Note for a
         beneficial interest in an Unrestricted Global Note, the Owner hereby
         certifies (i) the beneficial interest is

                                      C-1
<PAGE>

         being acquired for the Owner's own account without transfer, (ii) such
         Exchange has been effected in compliance with the transfer restrictions
         applicable to Restricted Definitive Notes and pursuant to and in
         accordance with the Securities Act, (iii) the restrictions on transfer
         contained in the Indenture and the Private Placement Legend are not
         required in order to maintain compliance with the Securities Act and
         (iv) the beneficial interest is being acquired in compliance with any
         applicable blue sky securities laws of any state of the United States.

                  (d) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE
         TO UNRESTRICTED DEFINITIVE NOTE. In connection with the Owner's
         Exchange of a Restricted Definitive Note for an Unrestricted Definitive
         Note, the Owner hereby certifies (i) the Unrestricted Definitive Note
         is being acquired for the Owner's own account without transfer, (ii)
         such Exchange has been effected in compliance with the transfer
         restrictions applicable to Restricted Definitive Notes and pursuant to
         and in accordance with the Securities Act, (iii) the restrictions on
         transfer contained in the Indenture and the Private Placement Legend
         are not required in order to maintain compliance with the Securities
         Act and (iv) the Unrestricted Definitive Note is being acquired in
         compliance with any applicable blue sky securities laws of any state of
         the United States.

                  2. EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL
         INTERESTS IN RESTRICTED GLOBAL NOTES FOR RESTRICTED DEFINITIVE NOTES OR
         BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES.

                  (a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A
         RESTRICTED GLOBAL NOTE TO RESTRICTED DEFINITIVE NOTE. In connection
         with the Exchange of the Owner's beneficial interest in a Restricted
         Global Note for a Restricted Definitive Note with an equal principal
         amount, the Owner hereby certifies that the Restricted Definitive Note
         is being acquired for the Owner's own account without transfer. Upon
         consummation of the proposed Exchange in accordance with the terms of
         the Indenture, the Restricted Definitive Note issued shall continue to
         be subject to the restrictions on transfer enumerated in the Private
         Placement Legend printed on the Restricted Definitive Note and in the
         Indenture and the Securities Act.

                  (b) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE
         TO BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE. In connection with
         the Exchange of the Owner's Restricted Definitive Note for a beneficial
         interest in the [CHECK ONE]

                                   [ ]  144A Global Note,

                                   [ ]  Regulation S Global Note

                  with an equal principal amount, the Owner hereby certifies (i)
         the beneficial interest is being acquired for the Owner's own account
         without transfer and (ii) such Exchange has been effected in compliance
         with the transfer restrictions applicable to the Restricted Global
         Notes and pursuant to and in accordance with the Securities Act, and in
         compliance with any applicable blue sky securities laws of any state of
         the United States. Upon consummation of the proposed Exchange in
         accordance with the terms of the Indenture, the beneficial interest
         issued shall be subject to the restrictions on transfer enumerated in
         the Private Placement Legend printed on the relevant Restricted Global
         Note and in the Indenture and the Securities Act.

                                      C-2
<PAGE>

                  This certificate and the statements contained herein are made
         for your benefit and the benefit of the Company.

                                             ___________________________________
                                             [Insert Name of Transferor]

                                             By:________________________________
                                                Name:
                                                Title:

         Dated:_______________________

                                      C-3
<PAGE>

                                                                       EXHIBIT D
                                                                       ---------

                            FORM OF CERTIFICATE FROM

                   ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

Armor Holdings, Inc.
1400 Marsh Landing Parkway, Suite 112
Jacksonville, Florida  32250
Facsimile:  (904) 741-5403
Attention:  Philip Baratelli

                  CUSIP: ____________

                  Re:  8 1/4% Senior Subordinated Notes due 2013

                  Reference is hereby made to the Indenture, dated as of August
         12, 2003 (the "Indenture"), between Armor Holdings, Inc., a Delaware
         corporation (the "Company"), the Subsidiary Guarantors and Wachovia
         Bank, National Association, as trustee. Capitalized terms used but not
         defined herein shall have the meanings given to them in the Indenture.

                  In connection with our proposed purchase of $____________
         aggregate principal amount at maturity of:

                      (a)  [ ]   beneficial interest in a Global Note, or

                      (b)  [ ]   a Definitive Note,

         we confirm that:

                  1. We understand that any subsequent transfer of the Notes or
         any interest therein is subject to certain restrictions and conditions
         set forth in the Indenture and the undersigned agrees to be bound by,
         and not to resell, pledge or otherwise transfer the Notes or any
         interest therein except in compliance with, such restrictions and
         conditions and the United States Securities Act of 1933, as amended
         (the "Securities Act").

                  2. We understand that the offer and sale of the Notes have not
         been registered under the Securities Act, and that the Notes and any
         interest therein may not be offered or sold except as permitted in the
         following sentence. We agree, on our own behalf and on behalf of any
         accounts for which we are acting as hereinafter stated, that if we
         should sell the Notes or any interest therein, we shall do so only (A)
         to the Company or any subsidiary thereof, (B) in accordance with Rule
         144A under the Securities Act to a "qualified institutional buyer" (as
         defined therein), (C) to an institutional "accredited investor" (as
         defined below) that, prior to such transfer, furnishes (or has
         furnished on its behalf by a U.S. broker-dealer) to you and to the
         Company a signed letter substantially in the form of this letter and an
         Opinion of Counsel in form reasonably acceptable to the Company to the
         effect that such transfer is in compliance with the Securities Act, (D)
         outside the United States in accordance with Rule 904 of Regulation S
         under the Securities Act, (E) pursuant to the provisions of Rule 144
         under the Securities Act or (F) pursuant to an effective registration
         statement under the Securities Act, and we further agree to provide to
         any person purchasing the Definitive Note or beneficial interest in a
         Global Note from us in a transaction meeting the requirements of
         clauses (A) through (E) of this paragraph a notice advising such
         purchaser that resales thereof are restricted as stated herein.

                                      D-1
<PAGE>

                  3. We understand that, on any proposed resale of the Notes or
         beneficial interest therein, we shall be required to furnish to you and
         the Company such certifications, legal opinions and other information
         as you and the Company may reasonably require to confirm that the
         proposed sale complies with the foregoing restrictions. We further
         understand that the Notes purchased by us shall bear a legend to the
         foregoing effect.

                  4. We are an institutional "accredited investor" (as defined
         in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities
         Act) and have such knowledge and experience in financial and business
         matters as to be capable of evaluating the merits and risks of our
         investment in the Notes, and we and any accounts for which we are
         acting are each able to bear the economic risk of our or its
         investment.

                  5. We are acquiring the Notes or beneficial interest therein
         purchased by us for our own account or for one or more accounts (each
         of which is an institutional "accredited investor") as to each of which
         we exercise sole investment discretion.

                  You and the Company are entitled to rely upon this letter and
         are irrevocably authorized to produce this letter or a copy hereof to
         any interested party in any administrative or legal proceedings or
         official inquiry with respect to the matters covered hereby.

                                            ____________________________________
                                            [Insert Name of Accredited Investor]

                                            By:_________________________________
                                               Name:
                                               Title:

         Dated:_________________

                                      D-2<PAGE>

                                                       EXECUTION COPY

                              Armor Holdings, Inc.

                                  $150,000,000

                    8 1/4% Senior Subordinated Notes due 2013

                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

August 12, 2003

Wachovia Capital Markets, LLC
One Wachovia Center
301 South College Street
Charlotte, North Carolina 28288-0604

Ladies and Gentlemen:

         Armor Holdings, Inc., a Delaware corporation (the "Company") and the
Company's domestic subsidiaries listed on Schedule 1 hereto (the "Guarantors")
confirm their agreement with Wachovia Capital Markets, LLC ("Wachovia") (the
"Initial Purchaser") on the terms set forth herein.

         This agreement (the "Registration Rights Agreement" or this
"Agreement") is being entered into in connection with a certain note purchase
agreement, dated August 6, 2003, by and among the Company, the Guarantors and
the Initial Purchaser (the "Purchase Agreement"), which provides for the
issuance and sale by the Company to the Initial Purchaser of $150,000,000
aggregate principal amount of the Company's 8 1/4% Senior Subordinated Notes due
2013 (the "Notes") to be unconditionally guaranteed on an unsecured senior
subordinated basis by the Guarantors (the "Note Guarantees"). In order to induce
the Initial Purchaser to enter into the Purchase Agreement, the Company and the
Guarantors have agreed to provide the registration rights set forth in this
Agreement for the benefit of the Initial Purchaser and its direct and indirect
transferees. The parties hereby agree 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:

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

                  "Additional Interest" has the meaning set forth in Section 4
hereto.

                  "Affiliate" means, with respect to any specified person, any
other person that, directly or indirectly, is in control of, is controlled by,
or is under common control with, such

                                       1

<PAGE>

specified person. For purposes of this definition, control of a person means 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" have meanings correlative to the foregoing.

                  "Agreement" has the meaning set forth in the preamble hereto.

                  "Business Day" means any day excluding Saturday, Sunday or any
other day which is a legal holiday under the laws of New York, New York or is a
day on which banking institutions therein located are authorized or required by
law or other governmental action to close.

                  "Commission" means the Securities and Exchange Commission.

                  "Consummate" means, with respect to a Registered Exchange
Offer, the occurrence of (a) the filing and effectiveness under the Act of the
Exchange Offer Registration Statement relating to the Exchange Notes to be
issued in the Registered Exchange Offer, (b) the maintenance of such
Registration Statement continuously effective and the keeping of the Registered
Exchange Offer open for a period not less than the minimum period required
pursuant to Section 2(c)(ii) hereof, (c) the Company's acceptance for exchange
of all Transfer Restricted Notes duly tendered and not validly withdrawn
pursuant to the Registered Exchange Offer and (d) the delivery of Exchange Notes
by the Company to the registrar under the Indenture in the same aggregate
principal amount as the aggregate principal amount of Transfer Restricted Notes
duly tendered and not validly withdrawn by Holders thereof pursuant to the
Registered Exchange Offer and the delivery of such Exchange Notes to such
Holders. The term "Consummation" has a meaning correlative to the foregoing.

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

                  "Exchange Notes" means debt securities of the Company,
guaranteed by the Guarantors, substantially identical in all material respects
to the Notes other than issue date (except that the Additional Interest
provisions and the transfer restrictions pertaining to the Notes will be
modified or eliminated, as appropriate), to be issued under the Indenture in
connection with the Registered Exchange Offer.

                  "Exchange Offer Registration Period" means the 180-day 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 or during which the
Company has suspended the use of the Prospectus contained therein pursuant to
Section 2(d); provided, however, that in the event that all resales of Exchange
Notes (including, subject to the time periods set forth herein, any resales by
Participating Broker-Dealers) covered by such Exchange Offer Registration
Statement have been made, the Exchange Offer Registration Statement need not
thereafter remain continuously effective for such period.

                  "Exchange Offer Registration Statement" means 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,

                                       2

<PAGE>

including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated by
reference therein.

                  "Filing Date" has the meaning set forth in Section 2 hereto.

                  "Holder" means any holder from time to time of Transfer
Restricted Notes or Exchange Notes (including the Initial Purchaser).

                  "Indenture" means the indenture relating to the Notes and the
Exchange Notes, dated as of August 12, 2003, among the Company, the Guarantors
and Wachovia Bank, National Association, as trustee, as the same may be amended,
supplemented, waived or otherwise modified from time to time in accordance with
the terms thereof.

                  "Initial Purchaser" has the meaning set forth in the preamble
hereto.

                  "Issue Date" means August 12, 2003.

                  "Losses" has the meaning set forth in Section 8(d) hereto.

                  "Majority Holders" means the Holders of a majority of the
aggregate principal amount of Transfer Restricted Notes registered under a
Registration Statement.

                  "Managing Underwriters" means the investment banker or
investment bankers and manager or managers that shall administer an underwritten
offering under a Shelf Registration Statement.

                  "Notes" has the meaning set forth in the preamble hereto.

                  "Participating Broker-Dealer" means any Holder (which may
include the Initial Purchaser) that is a broker-dealer electing to exchange
Notes acquired for its own account as a result of market-making activities or
other trading activities for Exchange Notes.

                  "Private Exchange Notes" has the meaning set forth in Section
2(g) hereof.

                  "Prospectus" means the prospectus included in any Registration
Statement (including 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 or any similar rule that may be adopted by
the Commission), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Transfer Restricted
Notes covered by such Registration Statement, and all amendments and supplements
to the Prospectus.

                  "Purchase Agreement" has the meaning set forth in the preamble
hereto.

                  "Registered Exchange Offer" means the proposed offer to the
Holders to issue and deliver to such Holders, in exchange for the Notes, a like
aggregate principal amount of Exchange Notes.

                                       3
<PAGE>

                  "Registration Statement" means any Exchange Offer Registration
Statement or Shelf Registration Statement that covers any of the Transfer
Restricted Notes (including the Note Guarantee) pursuant to the provisions of
this Agreement, 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.

                  "Shelf Registration" means a registration of Transfer
Restricted Notes with the Commission effected pursuant to Section 3 hereof.

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

                  "Shelf Registration Statement" means a "shelf" registration
statement of the Company and the Guarantors filed pursuant to the provisions of
Section 3 hereof, which covers some or all of the Transfer Restricted Notes, as
applicable, on an appropriate form under Rule 415 under the Act, or any similar
rule that may be adopted by the Commission, and which may be in the format of an
amendment to the Exchange Offer Registration Statement if permitted by the
Commission, all 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.

                  "Transfer Restricted Notes" means each Note upon original
issuance thereof and at all times subsequent thereto, each Private Exchange Note
as to which Section 3(a)(iii) or Section 3(a)(iv) applies upon original issuance
and at all times subsequent thereto, until in the case of any such Note or
Exchange Note, as the case may be, the earliest to occur of (i) the date on
which such Note has been exchanged by a person other than a Participating
Broker-Dealer for an Exchange Note (other than with respect to an Exchange Note
as to which Section 3(a)(iii) or Section 3(a)(iv) apply), (ii) with respect to
Exchange Notes received by Participating Broker-Dealers in the Registered
Exchange Offer, the date on which such Exchange Note has been sold by such
Participating Broker-Dealer by means of the Prospectus contained in the Exchange
Offer Registration Statement, (iii) a Shelf Registration Statement covering such
Note or Exchange Note, as the case may be, has been declared effective by the
Commission and such Note or Exchange Note, as the case may be, has been disposed
of in accordance with such effective Shelf Registration Statement, (iv) the date
on which such Note or Exchange Note, as the case may be, can be sold without any
limitations under clauses (c), (e), (f) or (h) of Rule 144 under the Act or any
similar rule that may be adopted by the Commission, (v) the date on which such
Note or Exchange is transferred to the public pursuant to Rule 144 under the Act
or (vi) such Note or Exchange Note, as the case may be, ceases to be outstanding
for purposes of the Indenture.

                  "Trust Indenture Act" means the Trust Indenture Act of 1939,
as amended.

                  "Trustee" means the trustee with respect to the Notes or
Exchange Notes, as applicable, under the Indenture.

                  2. Registered Exchange Offer; Resales of Exchange Notes by
Participating Broker-Dealers; Private Exchange. (a) The Company and the
Guarantors shall prepare and, not later than 150 days from the Issue Date (or,
if such 150th day is not a Business Day, by the first

                                       4

<PAGE>

Business Day thereafter), shall file with the Commission the Exchange Offer
Registration Statement with respect to the Registered Exchange Offer (the date
of such filing hereinafter referred to as the "Filing Date"). The Company and
the Guarantors shall use their reasonable best efforts (i) to cause the Exchange
Offer Registration Statement to be declared effective under the Act within 195
days from the Issue Date (or, if such 195th day is not a Business Day, by the
first Business Day thereafter), and (ii) to Consummate the Registered Exchange
Offer within 225 days from the Issue Date (or, if such 225th day is not a
Business Day, by the first Business Day thereafter).

                  (b) The objective of such Registered Exchange Offer is to
enable each Holder electing to exchange Transfer Restricted Notes for Exchange
Notes (assuming that such Holder (x) is not an "affiliate" of the Company or the
Guarantors within the meaning of the Act, (y) is not a broker-dealer that
acquired the Transfer Restricted Notes in a transaction other than as a part of
its market-making or other trading activities and (z) if such Holder is not a
broker-dealer, acquires the Exchange Notes in the ordinary course of such
Holder's business, is not participating in the distribution of the Exchange
Notes and has no arrangements or intentions with any person to make a
distribution of the Exchange Notes) to resell such Exchange Notes 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. 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
each of the items listed in subsections (x), (y) and (z) of this Section 2(b) is
true.

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

                  (i) mail 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;

                  (ii) keep the Registered Exchange Offer open for acceptance
         for not less than 30 Business Days (or longer if required by applicable
         law) after the date notice thereof is mailed to Holders;

                  (iii) permit Holders to withdraw tendered Notes at any time
         prior to 5:00 p.m. New York City time on the last Business Day on which
         the Registered Exchange Offer shall remain open;

                  (iv) utilize the services of a depositary for the Registered
          Exchange Offer with an address in the Borough of Manhattan, The City
          of New York; and

                  (v) comply in all material respects with all applicable laws
          relating to the Registered Exchange Offer.

                  (d) The Company and the Guarantors may suspend the use of the
Prospectus for a period not to exceed 30 days in any six-month period or an
aggregate of 60 days in any twelve-month period for valid business reasons (not
including avoidance of their obligations

                                       5

<PAGE>

hereunder) to avoid premature public disclosure of a pending corporate
transaction, including pending acquisitions or divestitures of assets, mergers
and combinations and similar events; provided that (i) the Company and the
Guarantors promptly thereafter comply with the requirements of Section 5(k)
hereof, if applicable; and (ii) the period during which the Registration
Statement is required to be effective and usable shall be extended by the number
of days during which such Registration Statement was not effective or usable
pursuant to the foregoing provisions.

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

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

                  (ii) deliver to the Trustee for cancellation all of the Notes
          so accepted for exchange; and

                  (iii) cause the Trustee promptly to authenticate and deliver
         to each Holder Exchange Notes equal in principal amount to the Transfer
         Restricted Notes of such Holder so accepted for exchange.

                  (f) The Initial Purchaser, the Company and the Guarantors
acknowledge that, pursuant to interpretations by the staff of the Commission of
Section 5 of the Act, and in the absence of an applicable exemption therefrom,
each Participating Broker-Dealer is required to deliver a Prospectus in
connection with a sale of any Exchange Notes received by such Participating
Broker-Dealer pursuant to the Registered Exchange Offer in exchange for Transfer
Restricted Notes acquired for its own account as a result of market-making
activities or other trading activities. Accordingly, the Company and the
Guarantors will allow Participating Broker-Dealers and other persons, if any,
with similar prospectus delivery requirements to use the Prospectus contained in
the Exchange Offer Registration Statement during the Exchange Offer Registration
Period in connection with the resale of such Exchange Notes and shall:

                  (i) include the information set forth in (a) Annex A hereto on
         the cover of the Prospectus forming a part of the Exchange Offer
         Registration Statement; (b) Annex B hereto in the forepart of the
         Exchange Offer Registration Statement in a section setting forth
         details of the Registered Exchange Offer; (c) Annex C hereto in the
         plan of distribution section of the Prospectus forming a part of the
         Exchange Offer Registration Statement, and (d) Annex D hereto in the
         letter of transmittal delivered pursuant to the Registered Exchange
         Offer; and

                  (ii) use reasonable best efforts to keep the Exchange Offer
         Registration Statement continuously effective (subject to Section 2(d))
         under the Act during the Exchange Offer Registration Period for
         delivery of the Prospectus included therein by Participating
         Broker-Dealers in connection with sales of Exchange Notes received
         pursuant to the Registered Exchange Offer, as contemplated by Section
         5(h) below.

                  (g) In the event that the Initial Purchaser determines that it
is not eligible to participate in the Registered Exchange Offer with respect to
the exchange of Transfer Restricted

                                       6

<PAGE>

Notes constituting any portion of an unsold allotment, upon the effectiveness of
the Shelf Registration Statement as contemplated by Section 3 hereof and at the
request of the Initial Purchaser, the Company and the Guarantors shall issue and
deliver to the Initial Purchaser, or to the party purchasing Transfer Restricted
Notes registered under the Shelf Registration Statement from the Initial
Purchaser, in exchange for such Transfer Restricted Notes, a like principal
amount of Exchange Notes to the extent permitted by applicable law (the "Private
Exchange Notes"). The Company and the Guarantors shall use their reasonable best
efforts to cause the CUSIP Service Bureau to issue the same CUSIP number for
such Private Exchange Notes as for Exchange Notes issued pursuant to the
Registered Exchange Offer.

                  3. Shelf Registration. (a) If (i) the Company and the
Guarantors are not permitted to file the Exchange Offer Registration Statement
or to Consummate the Registered Exchange Offer because the Registered Exchange
Offer is not permitted by applicable law or Commission policy, (ii) for any
other reason the Registered Exchange Offer is not Consummated within 225 days
(or if such 225th day is not a Business Day, by the first Business Day
thereafter) of the Issue Date, (iii) the Initial Purchaser so requests with
respect to Notes acquired by it directly from the Company and the Guarantors,
which have not been resold on or prior to the 30th day (or if such 30th day is
not a Business Day, by the first Business Day thereafter) following the
Consummation of the Registered Exchange Offer, (iv) any Holder notifies the
Company and the Guarantors on or prior to the 30th day (or if such 30th day is
not a Business Day, by the first Business Day thereafter) following the
Consummation of the Registered Exchange Offer that (A) such Holder is not
eligible to participate in the Registered Exchange Offer, due to applicable law
or Commission policy, (B) the Exchange Notes such Holder would receive would not
be freely tradable, (C) such Holder is a Participating Broker-Dealer that cannot
publicly resell the Exchange Notes that it acquires in the Registered Exchange
Offer without delivering a Prospectus and the Prospectus contained in the
Exchange Offer Registration Statement is not appropriate or available for
resales following the completion of the Registered Exchange Offer, or (D) the
Holder is a broker-dealer and owns Notes it has not exchanged and that it
acquired directly from the Company, one of its Affiliates or the Guarantors, or
(v) in the case where the Initial Purchaser participates in the Registered
Exchange Offer or acquires Private Exchange Notes pursuant to Section 2(g)
hereof, the Initial Purchaser does not receive freely tradable Exchange Notes in
exchange for Notes constituting any portion of an unsold allotment and the
Initial Purchaser notifies the Company and the Guarantors on or prior to the
30th day following the Consummation of the Registered Exchange Offer (it being
understood that, for purposes of this Section 3, (x) the requirement that the
Initial Purchaser deliver a Prospectus containing the information required by
Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of
Exchange Notes acquired in exchange for such Transfer Restricted Notes shall
result in such Exchange Notes being not "freely tradable" and (y) the
requirement that a Participating Broker-Dealer deliver a Prospectus in
connection with sales of Exchange Notes acquired in the Registered Exchange
Offer in exchange for Transfer Restricted Notes acquired as a result of
market-making activities or other trading activities shall result in such
Exchange Notes being not "freely tradable"), the following provisions shall
apply:

                  (b) The Company and the Guarantors shall use their reasonable
best efforts to prepare and file with the Commission a Shelf Registration
Statement prior to the 45th day (or if such 45th day is not a Business Day, by
the first Business Day thereafter) following the earliest to occur of (i) the
date on which the Company and the Guarantors determine that they are not

                                       7

<PAGE>

permitted to file the Exchange Offer Registration Statement or to Consummate the
Exchange Offer; (ii) 45 days (or if such 45th day is not a Business Day, by the
first Business Day thereafter) after the Exchange Offer Registration Statement
has been declared effective if the Registered Exchange Offer has not been
Consummated by such date and (iii) the date notice is given pursuant to Section
(a)(iii), (iv) or (v) above (or if either such 30th day is not a Business Day,
by the first Business Day thereafter), and shall use their reasonable best
efforts to cause the Shelf Registration Statement to be declared effective by
the Commission within 60 days after such filing (or if such 60th day is not a
Business Day, by the first Business Day thereafter). With respect to Exchange
Notes received by the Initial Purchaser in exchange for Notes 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 Regulation S-K Items 507 and/or 508, as applicable, in
satisfaction of their obligations under this paragraph (b) 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.

                  (c) The Company and the Guarantors shall use their reasonable
best efforts to keep such Shelf Registration Statement continuously effective
(subject to Section 3(d)) in order to permit the Prospectus forming a part
thereof to be usable by Holders until the earliest of (i) such time as the Notes
or Exchange Notes covered by the Shelf Registration Statement can be sold
without any limitations under clauses (c), (e), (f) and (h) of Rule 144 or
similar rule adopted by the Commission, (ii) two years from the date the Shelf
Registration Statement has been declared effective exclusive of any period
during which any stop order shall be in effect suspending the effectiveness of
the Shelf Registration Statement or during which the Company has suspended the
use of the Prospectus contained therein pursuant to Section 3(d) and (iii) such
date as of which all the Transfer Restricted Notes 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 reasonable best efforts to keep the Shelf Registration
Statement effective during the Shelf Registration Period if it voluntarily takes
any action that would result in Holders of Transfer Restricted Notes covered
thereby not being able to offer and sell such notes during that period, unless
such action is (x) required by applicable law or (y) pursuant to Section 3(d)
hereof, and, in either case, so long as the Company and the Guarantors promptly
thereafter comply with the requirements of Section 5(k) hereof, if applicable.

                  (d) The Company and the Guarantors may suspend the use of the
Prospectus for a period not to exceed 30 days in any six-month period or an
aggregate of 60 days in any twelve-month period for valid business reasons (not
including avoidance of their obligations hereunder) or to avoid premature public
disclosure of a pending corporate transaction, including pending acquisitions or
divestitures of assets, mergers and combinations and similar events; provided
that (i) the Company and the Guarantors promptly thereafter comply with the
requirements of Section 5(k) hereof, if applicable; and (ii) the period during
which the Registration Statement is required to be effective and usable shall be
extended by the number of days during which such Registration Statement was not
effective or usable pursuant to the foregoing provisions.

                                       8
<PAGE>

                  (e) No Holder of Transfer Restricted Notes may include any of
its Transfer Restricted Notes in any Shelf Registration Statement pursuant to
this Agreement unless and until such Holder furnishes to the Company and the
Guarantors in writing, within 15 days after receipt of a request therefor, such
information as the Company and the Guarantors may reasonably request for use in
connection with any Shelf Registration Statement or Prospectus or preliminary
Prospectus included therein. No Holder of Transfer Restricted Notes shall be
entitled to Additional Interest pursuant to Section 4 hereof unless and until
such Holder shall have provided all such reasonably requested information. Each
Holder of Transfer Restricted Notes as to which any Shelf Registration Statement
is being effected agrees to furnish promptly to the Company and the Guarantors
all information required to be disclosed in order to make the information
previously furnished to the Company and the Guarantors by such Holder not
misleading.

                  4. Additional Interest. (a) The parties hereto agree that
Holders of Transfer Restricted Notes will suffer damages if the Company or the
Guarantors fails to perform their obligations under Section 2 or Section 3
hereof and that it would not be feasible to ascertain the extent of such
damages. Accordingly, in the event that (i) the applicable Registration
Statement is not filed with the Commission on or prior to the date specified
herein for such filing, (ii) the applicable Registration Statement has not been
declared effective by the Commission on or prior to the date specified herein
for such effectiveness after such obligation arises, (iii) if the Registered
Exchange Offer is required to be Consummated hereunder, the Registered Exchange
Offer has not been Consummated by the Company and the Guarantors within the time
period set forth in Section 2(a) hereof or (iv) prior to the end of the Exchange
Offer Registration Period or the Shelf Registration Period, the Commission shall
have issued a stop order suspending the effectiveness of the Exchange Offer
Registration Statement or the Shelf Registration Statement, as the case may be,
or proceedings have been initiated with respect to the Registration Statement
under Section 8(d) or 8(e) of the Act, (each such event referred to in clauses
(i) through (iv), a "Registration Default"), then additional interest with
respect to the Transfer Restricted Notes ("Additional Interest") will accrue
with respect to the first 90-day period immediately following the occurrence of
such Registration Default in an amount equal to 0.5 % per annum per $1,000
principal amount of such Notes and will increase by an additional 0.5% per annum
per $1,000 principal amount of such Notes for each subsequent 90-day period
until such Registration Default has been cured, up to an aggregate maximum
amount of Additional Interest of 1.0% per annum per $1,000 principal amount of
Notes for all Registration Defaults. Following the cure of a Registration
Default, the accrual of Additional Interest with respect to such Registration
Default will cease and upon the cure of all Registration Defaults the accrual of
all Additional Interest will cease and the interest rate on the Notes shall
thereafter be the coupon rate. Notwithstanding anything to the contrary in this
Section 4(a), the Company and the Guarantors shall not be required to pay
Additional Interest to a Holder of Restricted Transfer Notes if such Holder
failed to comply with its obligations to make the representations set forth in
the second sentence of Section 2(b) or provide the requested information
pursuant to Section 3(e).

                  (b) The Company shall notify the Trustee and paying agent
under the Indenture (or the trustee and paying agent under such other indenture
under which any Transfer Restricted Notes are issued) immediately upon the
happening of each and every Registration Default. The Company and the Guarantors
shall pay the Additional Interest due on the Transfer Restricted Notes by
depositing with the paying agent (which shall not be the Company or the
Guarantors for these purposes) for the Transfer Restricted Notes, in trust, for
the benefit of the

                                       9

<PAGE>

Holders thereof, prior to 11:00 a.m. on the next interest payment date specified
in the Indenture (or such other indenture), sums sufficient to pay the
Additional Interest then due. The Additional Interest due shall be payable on
each interest payment date specified by the Indenture (or such other indenture)
to the record holders entitled to receive the interest payment to be made on
such date. Each obligation to pay Additional Interest shall be deemed to accrue
from and include the date of the applicable Registration Default to, but
excluding, the relevant interest payment date.

                  (c) The parties hereto agree that the Additional Interest
provided for in this Section 4 constitutes a reasonable estimate of the damages
that will be suffered by Holders of Transfer Restricted Notes by reason of the
happening of any Registration Default and are intended to and shall constitute
the sole remedy for damages that will be suffered by the Holders of the Transfer
Restricted Notes by reason of any of the failures listed in Section 4(a).

                  (d) All Additional Interest which has accrued pursuant to this
Section 4 and which is outstanding with respect to any Transfer Restricted Note
shall remain outstanding until paid in full (notwithstanding termination of this
Agreement, Consummation of the Registered Exchange Offer or cessation of
effectiveness of the Shelf Registration Period).

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

                  (a) The Company and the Guarantors shall furnish to the
         Initial Purchaser, prior to the filing thereof with the Commission, a
         copy of any Registration Statement, and each amendment thereof and each
         amendment or supplement, if any, to the Prospectus included therein and
         shall reflect in each such document, when so filed with the Commission,
         such comments as the Initial Purchaser reasonably may propose.

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

                            (i) any Registration Statement and any amendment
                   thereto and any Prospectus contained therein and any
                   amendment or supplement thereto complies in all material
                   respects with the Act;

                           (ii) any Registration Statement and any amendment
                  thereto does not, when it becomes effective, contain an untrue
                  statement of a material fact or omit to state a material fact
                  required to be stated therein or necessary to make the
                  statements therein not misleading; and

                           (iii) any Prospectus forming part of any Registration
                  Statement, including any amendment or supplement to such
                  Prospectus, does not include an untrue statement of a material
                  fact or omit to state a material fact necessary in order to
                  make the statements therein, in light of the circumstances
                  under which they were made, not misleading;

         provided that no representation or agreement is made hereby with
         respect to information with respect to the Initial Purchaser, any
         Underwriter or any Holder required to be included in any Registration
         Statement or Prospectus pursuant to the Act or provided by

                                       10

<PAGE>

         the Initial Purchaser, any Holder or any Underwriter specifically for
         inclusion in any Registration Statement or Prospectus.

                  (c) (1) The Company and the Guarantors shall advise the
         Initial Purchaser and, in the case of a Shelf Registration Statement,
         the Holders of Transfer Restricted Notes covered thereby, and, if
         requested by the Initial Purchaser or any such Holder, confirm such
         advice in writing:

                           (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; and

                           (ii) of any request by the Commission for amendments
                  or supplements to the Registration Statement or the Prospectus
                  included therein or for additional information.

                  (2) The Company and the Guarantors shall advise the Initial
         Purchaser and, in the case of a Shelf Registration Statement, the
         Holders of Transfer Restricted Notes covered thereby, and, in the case
         of an Exchange Offer Registration Statement, any Participating
         Broker-Dealer that has provided in writing to the Company a telephone
         or facsimile number and address for notices, and, if requested by the
         Initial Purchaser or any such Holder or Participating Broker-Dealer,
         confirm such advice in writing:

                           (i) 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;

                           (ii) of the receipt by the Company or the Guarantors
                  of any notification with respect to the suspension of the
                  qualification of the Transfer Restricted Notes included in any
                  Registration Statement for sale in any jurisdiction or the
                  initiation or threatening of any proceeding for such purpose;
                  and

                           (iii) of the happening of any event that requires the
                  making of any changes in the Registration Statement or the
                  Prospectus so that, as of the date of the issuance of such
                  advice, 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 light of the circumstances under which they
                  were made) not misleading (which advice shall be accompanied
                  by an instruction to suspend the use of the Prospectus until
                  the requisite changes have been made).

                  (d) The Company and the Guarantors shall use their reasonable
         best efforts to obtain the withdrawal of any order suspending the
         effectiveness of any Registration Statement at the earliest possible
         time.

                  (e) The Company and the Guarantors shall furnish to each
         Holder of Transfer Restricted Notes included within the coverage of any
         Shelf Registration Statement,

                                       11

<PAGE>

         without charge, at least one copy of such Shelf Registration Statement
         and any post-effective amendment thereto, including financial
         statements and schedules, and, if the Holder so requests in writing,
         all exhibits thereto (including those incorporated by reference).

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

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

                  (h) The Company and the Guarantors shall, during the Exchange
         Offer Registration Period and pursuant to the requirements of the Act
         for the resale of the Exchange Notes during the period in which a
         prospectus is required to be delivered under the Act (including any
         Commission no-action letters relating to the Registered Exchange
         Offer), deliver to each Participating Broker-Dealer, without charge, as
         many copies of the Prospectus (including any preliminary Prospectus)
         included in such Exchange Offer Registration Statement and any
         amendment or supplement thereto as such Participating Broker-Dealer may
         reasonably request; and the Company and the Guarantors consent to the
         use of the Prospectus (including any preliminary prospectus) or any
         amendment or supplement thereto by any such Participating Broker-Dealer
         in connection with the offering and sale of the Exchange Notes, as
         provided in Section 2(f) above.

                  (i) Prior to the Registered Exchange Offer or any other
         offering of Transfer Restricted Notes pursuant to any Registration
         Statement, the Company and the Guarantors shall use reasonable best
         efforts to register, qualify or cooperate with the Holders of Transfer
         Restricted Notes included therein and their respective counsel in
         connection with the registration or qualification of such Transfer
         Restricted Notes for offer and sale under the securities or blue sky
         laws of such states as any such Holders reasonably request in writing
         and do any and all other acts or things necessary or advisable to
         enable the offer and sale in such jurisdictions of the Transfer
         Restricted Notes covered by such Registration Statement; provided,
         however, neither the Company nor the Guarantors will be required to
         qualify generally to do business in any jurisdiction in which it is not
         then so qualified, to file any general consent to service of process or
         to

                                       12

<PAGE>

         take any action which would subject it to general service of process
         or to taxation in any such jurisdiction where it is not then so
         subject.

                  (j) The Company and the Guarantors shall cooperate with the
         Holders to facilitate the timely preparation and delivery of
         certificates representing Transfer Restricted Notes to be sold pursuant
         to any Registration Statement free of any restrictive legends and in
         denominations and registered in such names as Holders may appropriately
         request prior to sales of Transfer Restricted Notes pursuant to such
         Registration Statement.

                  (k) Upon the occurrence of any event contemplated by Section
         2(d), 3(d) or paragraph (c)(2)(iii) of this Section 5, the Company and
         the Guarantors shall promptly prepare and file a post-effective
         amendment to any Registration Statement or an amendment or supplement
         to the related Prospectus or any other required document so that, as
         thereafter delivered to purchasers of the Transfer Restricted Notes
         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 light of the circumstances under which they
         were made, not misleading.

                  (l) The Company and the Guarantors shall use their reasonable
         best efforts to cause The Depository Trust Company ("DTC") on the first
         Business Day following the effective date of any Registration Statement
         hereunder or as soon as possible thereafter to remove (i) from any
         existing CUSIP number assigned to the Transfer Restricted Notes or
         Exchange Notes, as the case may be, any designation indicating that
         such notes are "restricted securities," which efforts shall include
         delivery to DTC of a letter executed by the Company substantially in
         the form of Annex E hereto and (ii) any other stop or restriction on
         DTC's system with respect to the Transfer Restricted Notes or Exchange
         Notes, as the case may be. In the event the Company and the Guarantors
         are unable to cause DTC to take actions described in the immediately
         preceding sentence, the Company and the Guarantors shall take such
         actions as the Initial Purchaser may reasonably request to provide, as
         soon as practicable, a new CUSIP (if not already obtained) number for
         the Transfer Restricted Notes or Exchange Notes registered under such
         Registration Statement and to cause such CUSIP number to be assigned to
         the Transfer Restricted Notes or Exchange Notes (or to the maximum
         aggregate principal amount of the securities to which such number may
         be assigned).

                  (m) The Company and the Guarantors shall use their reasonable
         best efforts to comply with all applicable rules and regulations of the
         Commission and shall make generally available to the 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 and Rule 158 promulgated thereunder.

                  (n) The Company and the Guarantors shall use reasonable best
         efforts to cause the Indenture to be qualified under the Trust
         Indenture Act in a timely manner.

                  (o) The Company and the Guarantors may require each Holder of
         Transfer Restricted Notes to be sold pursuant to any Shelf Registration
         Statement to furnish to the

                                       13

<PAGE>

         Company and the Guarantors such information regarding the Holder and
         the distribution of such Transfer Restricted Notes as may, from time
         to time, be reasonably required by the Act, and the obligations of the
         Company and the Guarantors to any Holder hereunder shall be expressly
         conditioned on the compliance of such Holder with such request.

                  (p) The Company and the Guarantors shall, if requested,
         promptly incorporate in a Prospectus supplement or post-effective
         amendment to a Shelf Registration Statement (i) such information as the
         Majority Holders or, if the Transfer Restricted Notes are being sold in
         an underwritten offering, as the Managing Underwriters and the Majority
         Holders, reasonably provide to the Company or the Guarantors in writing
         for inclusion in the Shelf Registration Statement, or Prospectus, and
         (ii) such information as a Holder may reasonably provide from time to
         time to the Company or the Guarantors in writing for inclusion in a
         Prospectus or any Shelf Registration Statement, in the case of clause
         (i) or (ii) above, concerning such Holder and/or underwriter and the
         distribution of such Holder's Transfer Restricted Notes and, in either
         case, shall make all required filings of such Prospectus supplement or
         post-effective amendment as soon as practicable after being notified in
         writing of the matters to be incorporated in such Prospectus supplement
         or post-effective amendment.

                  (q) In the case of any Shelf Registration Statement, the
         Company and the Guarantors shall enter into such agreements (including
         underwriting agreements) and take all other customary and appropriate
         actions as may be reasonably requested in order to expedite or
         facilitate the registration or the disposition of any Transfer
         Restricted Notes, 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 8 (or such other provisions and procedures reasonably
         acceptable to the Majority Holders and the Managing Underwriters, if
         any, with respect to all parties to be indemnified pursuant to Section
         8).

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

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

                           (ii) cause the Company's and the Guarantors'
                  officers, directors and employees to supply all relevant
                  information reasonably requested by the Holders or any such
                  Managing 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 and the Guarantors as confidential at the time of
                  delivery of such information shall be kept confidential by the
                  Holders or any such Managing Underwriter, attorney, accountant
                  or agent, unless (x) disclosure thereof is made in connection
                  with a court proceeding or required by law; provided that each
                  Holder and any such

                                       14

<PAGE>

                  Managing Underwriter, attorney, accountant or agent will,
                  upon learning that disclosure of such information is sought
                  in a court proceeding or required by law, give notice to the
                  Company and the Guarantors with enough time to allow the
                  Company and the Guarantors to undertake appropriate action
                  to prevent disclosure at the Company's and the Guarantors'
                  sole expense, or (y) such information has previously been
                  made or becomes available to the public generally through
                  the Company, the Guarantors or through a third party without
                  an accompanying obligation of confidentiality or failure to
                  safeguard such disclosure;

                           (iii) make such representations and warranties to the
                  Holders of Transfer Restricted Notes registered thereunder and
                  the Managing Underwriters, if any, in form, substance and
                  scope as are customarily made by the Company and the
                  Guarantors to Managing Underwriters 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 Managing 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 Managing
                  Underwriters;

                           (v) obtain "cold comfort" letters and updates thereof
                  from the independent certified public accountants of the
                  Company and the Guarantors (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 the Transfer Restricted
                  Notes covered by such Shelf Registration Statement (provided
                  such Holder furnishes the accountants with such
                  representations as the accountants customarily require in
                  similar situations) and the Managing 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

                           (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(i) and with any customary conditions
                  contained in the underwriting agreement or other agreement
                  entered into by the Company and the Guarantors.

                  The foregoing actions set forth in this Section 5(r) shall be
         performed at (i) the effectiveness of such Shelf Registration Statement
         and each post-effective amendment

                                       15

<PAGE>

         thereto and (ii) each closing under any underwriting or similar
         agreement as and to the extent required thereunder.

                  (s) The Company and the Guarantors shall, if and to the extent
         required under the Act and/or the Trust Indenture Act and the rules and
         regulations thereunder in order to register the Note Guarantee under
         the Act and qualify the Indenture under the Trust Indenture Act, cause
         each guarantor, if any, to sign any Registration Statement and take all
         other action necessary to register the Note Guarantee under the
         applicable Registration Statement.

                  (t) If in the reasonable opinion of counsel to the Company
         there is a question as to whether the Registered Exchange Offer is
         permitted by applicable law, the Company and the Guarantors hereby
         agree to seek a no-action letter or other favorable decision from the
         Securities Exchange Commission (the "Commission") allowing the Company
         and the Guarantors to consummate a Registered Exchange Offer for such
         Transfer Restricted Notes. The Company and the Guarantors each hereby
         agrees to pursue the issuance of such a decision to the Commission
         staff level but shall not be required to take commercially unreasonable
         action to effect a change of Commission policy. The Company and the
         Guarantors each hereby agrees, however, to (A) participate in
         telephonic conferences with the Commission, (B) deliver to the
         Commission staff an analysis prepared by counsel to the Company setting
         forth the legal bases, if any, upon which such counsel has concluded
         that such a Registered Exchange Offer should be permitted and (C)
         diligently pursue a favorable resolution by the Commission staff of
         such submission.

                  6. Registration Expenses. The Company and the Guarantors shall
bear all reasonable fees and expenses (including the reasonable fees and
expenses, if any, of Shearman & Sterling, counsel for the Initial Purchaser,
incurred in connection with the Registered Exchange Offer) incurred in
connection with the performance of their obligations under Sections 2, 3, 4 and
5 hereof (other than brokers', dealers' and underwriters' discounts and
commissions and brokers', dealers' and underwriters' counsel fees) and, in
connection with the Shelf Registration Statement, shall reimburse the Holders
for the reasonable fees and disbursements of Shearman & Sterling to act as
counsel for the Holders in connection therewith.

                  7. Rules 144 and 144A. The Company shall use reasonable best
efforts to file the reports required to be filed by it under the Act and the
Exchange Act in a timely manner and, if at any time the Company is not required
to file such reports, it will, upon the request of any Holder of Transfer
Restricted Notes, make publicly available the applicable information necessary
to permit sales of their securities pursuant to Rules 144 and 144A (or any
successor rule adopted by the Commission). The Company covenants that it will
take such further action as any Holder of Transfer Restricted Notes may
reasonably request, all to the extent required from time to time to enable such
Holder to sell Transfer Restricted Notes without registration under the
Securities Act within the limitation of the exemptions provided by Rules 144 and
144A (including the requirements of Rule 144A(d)(4) if applicable). The Company
will provide a copy of this Agreement to prospective purchasers of Transfer
Restricted Notes identified to the Company by the Initial Purchaser upon
request. Upon the request of any Holder of Transfer

                                       16

<PAGE>

Restricted Notes, the Company shall deliver to such Holder a written statement
as to whether it has complied with such requirements.

                  8. Indemnification and Contribution. (a) (i) In connection
with any Registration Statement, the Company and the Guarantors, jointly and
severally, agree to indemnify and hold harmless each Holder of Transfer
Restricted Notes covered thereby, 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, in any preliminary Prospectus or 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
agree 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
(A) any such untrue statement or alleged untrue statement or omission or alleged
omission made therein in reliance upon and in conformity with written
information relating to the Holder furnished to the Company and the Guarantors
by or on behalf of any such Holder specifically for inclusion therein, or (B)
use of a Registration Statement or the related Prospectus during a period when a
stop order has been issued in respect of such Registration Statement or any
proceedings for that purpose have been initiated or use of a Prospectus when use
of such Prospectus has been suspended pursuant to Section 2(d), 3(d) or 5(c)(2);
provided that in each case, that such Holder received prior notice of such stop
order, initiation of proceedings or suspension; and such Holder is required to
but does not deliver a Prospectus or the then-current Prospectus. This indemnity
agreement will be in addition to any liability that the Company and the
Guarantors may otherwise have.

                  (ii) The Company and the Guarantors also agree to indemnify or
contribute to Losses, as provided in Section 8(d), of any Managing Underwriters
of Transfer Restricted Notes registered under a Registration Statement, their
officers and directors and each person who controls such Managing Underwriters
on substantially the same basis as that of the indemnification of the selling
Holders provided in this Section 8(a) and shall, if requested by any Holder,
enter into an underwriting agreement reflecting such agreement, as provided in
Section 5(q) hereof.

                  (b) Each Holder of Transfer Restricted Notes covered by a
Registration Statement severally agrees to indemnify and hold harmless the
Company and the Guarantors and their respective directors, officers, employees
and agents and each person who controls either of the Company or 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

                                       17

<PAGE>

documents referred to in the foregoing indemnity, or improper use by the Holder
of a Registration Statement or the related Prospectus during a period when a
stop order has been issued in respect of such Registration Statement or any
proceedings for that purpose have been initiated or use of a Prospectus when use
of such Prospectus has been suspended pursuant to Section 2(d), 3(d) or 5(c)(2);
provided that in each case, that such Holder received prior notice of such stop
order, initiation of proceedings or suspension. This indemnity agreement will be
in addition to any liability which any such Holder or person may otherwise have.

                  (c) Promptly after receipt by an indemnified party under this
Section 8 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 8, 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 separate counsel
retained by the indemnified party or parties except as set forth below);
provided, however, that such counsel shall be reasonably satisfactory to the
indemnified party. Notwithstanding the indemnifying party's election to appoint
counsel to represent the indemnified party in an action, the indemnified parties
collectively shall have the right to employ one separate counsel (in addition to
local counsel), and the indemnifying party shall bear the reasonable fees, costs
and expenses of such separate counsel (and local 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, based on the advice of outside counsel, 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 have authorized the indemnified party to employ separate counsel at the
expense of the indemnifying party; provided further, that the indemnifying party
shall not be responsible for the fees and expenses of more than one separate
counsel (together with the appropriate local counsel) representing all the
indemnified parties under paragraph (a) or paragraph (b) above. 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 8 is unavailable to or insufficient to hold harmless an
indemnified party for any reason,

                                       18

<PAGE>

then each applicable indemnifying party, in lieu of indemnifying such
indemnified 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 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. The relative fault of the parties shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company on the one hand or such Holder or
such other indemnified person, as the case may be, on the other, and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The relative benefits received by
the Company and the Guarantors on the one hand and the Holders on the other with
respect to the offering and such sale shall be deemed to be in the same
proportion as the sum of the net proceeds from the original issuance of the
Notes received by the Company, on the one hand, bear to the total proceeds
received by the Holder with respect to its sale of Transfer Restricted
Securities, on the other. Benefits received by any Managing 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. The amount paid by an indemnified party
as a result of the losses, claims, damages or liabilities referred to in the
first sentence of this subsection (d) shall be deemed to include any legal or
other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any action or claim which is the subject of this
subsection (d). Notwithstanding any other provision of this Section 8(d), the
Holders of the Transfer Restricted Notes shall in no case be required to
contribute any amount in excess of the amount by which the net proceeds received
by such Holders from the sale of the Transfer Restricted Notes pursuant to a
Registration Statement exceeds the amount of damages which such Holders have
otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission and in no case shall any Managing
Underwriter be responsible for any amount in excess of the underwriting discount
or commission applicable to the Transfer Restricted Notes purchased by such
Managing Underwriter under the Registration Statement which resulted in such
Losses pursuant to the terms of this Agreement. The parties agree that it would
not be just and equitable if contribution were determined by pro rata allocation
or any other method of allocation which does not take into account 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 8, each person who controls an indemnified party within the meaning
of either the Act or the Exchange Act and each director, officer, employee and
agent of such indemnified party shall have the same rights to contribution as
such indemnified party, and each person who controls the Company or the
Guarantors within the

                                       19

<PAGE>

meaning of either the Act or the Exchange Act and each director, officer,
employee and agent of the Company or the Guarantors shall have the same rights
to contribution as the Company and the Guarantors, subject in each case to the
applicable terms and conditions of this paragraph (d).

                  (e) The provisions of this Section 8 will remain in full force
and effect, regardless of any investigation made by or on behalf of any Holder,
the Company, the Guarantors or any of the officers, directors or controlling
persons referred to in Section 8 hereof, and will survive the sale by a Holder
of Transfer Restricted Notes covered by a Registration Statement.

                  9.  Underwritten Registrations.

                  If any of the Transfer Restricted Notes covered by any Shelf
Registration statement are to be sold in an underwritten offering, the Managing
Underwriter that will administer the offering will be selected by the Majority
Holders of such Transfer Restricted Notes included in such offering, subject to
the consent of the Company not to be unreasonably withheld; it being expressly
agreed that the Initial Purchaser is an acceptable Managing Underwriter to the
Company and such Holders shall be responsible for all underwriting commissions
and discounts in connection therewith.

                  No person may participate in any underwritten registration
hereunder unless such person (i) agrees to sell such person's Transfer
Restricted Notes on the basis reasonably provided in any underwriting
arrangements approved by the persons entitled hereunder to approve such
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.

                  10. Miscellaneous. (a) No Inconsistent Agreements. The Company
and the Guarantors have not, as of the date hereof, entered into nor shall they,
on or after the date hereof, enter into any agreement that is inconsistent with
the rights granted to the Holders herein or otherwise conflicts with the
provisions hereof.

                  (b) 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 and the Guarantors have
obtained the written consent of the Majority Holders; provided that additional
Guarantors may become parties to this Agreement pursuant to Section 10(h) hereof
by executing an amendment hereto, which need not be signed by any of the other
parties hereto to become effective. Notwithstanding the foregoing, a waiver or
consent to depart from the provisions hereof with respect to a matter that
relates exclusively to the rights of the Holders whose securities are being sold
pursuant to an Exchange Offer Registration Statement or a Shelf Registration
Statement and that does not directly or indirectly affect, impair, limit or
compromise the rights of other Holders may be given by Holders of at least a
majority in aggregate principal amount of the applicable notes being sold
pursuant to such registration statement.

                                       20
<PAGE>

                  (c) 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:

                  (i)      if to the Initial Purchaser, as follows:

                           Wachovia Capital Markets, LLC
                           One Wachovia Center
                           301 South College Street
                           Charlotte, North Carolina  28288-0604
                           Attention:  High Yield Origination

                  (ii) if to any other Holder, at the most current address given
         by such Holder to the Company and the Guarantors in accordance with the
         provisions of this Section 10(c), 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 the
         Initial Purchaser; and

                  (iii)    if to the Company or the Guarantors, as follows:

                           Armor Holdings, Inc.
                           1400 Marsh Landing Parkway
                           Suite 112
                           Jacksonville, Florida 32250
                           Attention:  Chief Financial Officer

                           With a copy to:

                           Kane Kessler, P.C.
                           1350 Avenue of the Americas, 26th Floor
                           New York, NY 10019
                           Attention:  Robert L. Lawrence

                  All such notices and communications shall be deemed to have
been duly given when received, if delivered by hand or air courier, and when
sent, if sent by first-class mail, telex or telecopier.

                  The Company and the Guarantors by notice to the others may
designate additional or different addresses for subsequent notices or
communications.

                  (d) Successors and Assigns. 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 or the Guarantors thereto, subsequent Holders. The Company and the
Guarantors hereby agree to extend the benefits of this Agreement to any Holder
that acquired the applicable Notes from a Holder and any such Holder may
specifically enforce the provisions of this Agreement as if an original party
hereto.

                                       21
<PAGE>

                  (e) Counterparts. This Agreement may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

                  (f) Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                  (g) Governing Law and Consent to Jurisdiction. This agreement
shall be governed by and construed in accordance with the laws of the State of
New York. The Company and the Guarantors (x) submit to the nonexclusive
jurisdiction of the courts of the State of New York and of the United States
sitting in the Borough of Manhattan in respect of any action, claim or
proceeding ("Proceeding") arising out of or relating to this Agreement or the
transactions contemplated hereby, (y) irrevocably waive, to the fullest extent
permitted by applicable law, any objection that it may now or hereafter have to
the laying of venue of any Proceeding in the Supreme Court of the State of New
York, County of New York, or the United States District Court for the Southern
District of New York, and any claim that any Proceeding in any such court has
been brought in an inconvenient forum, and (z) agree that any service of process
or other legal summons in connection with any Proceeding may be served on it by
mailing a copy thereof by registered mail, or a form of mail substantially
equivalent thereto, postage prepaid, addressed to the served party at its
address as provided for in Section 10(c). Nothing in this section shall affect
the right of the parties to serve process in any other manner permitted by law.

                  (h) Obligations of New Subsidiary Guarantors. If any person
becomes a Subsidiary Guarantor (as defined in the Indenture) after the date
hereof and while the Company has continuing obligations under this Agreement,
the Company will cause such person to become a party hereto including for
purposes of registration obligations, the guarantee of Additional Interest on a
joint and several basis and indemnification and contribution pursuant to Section
8.

                  (i) Severability. In the event that any one or 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.

                  (j) Notes Held by the Company, Etc. Whenever the consent or
approval of Holders of a specified percentage of principal amount of Transfer
Restricted Notes or Exchange Notes is required hereunder, Transfer Restricted
Notes or Exchange Notes held by the Company, the Guarantors or any of their
respective Affiliates (other than subsequent Holders of Transfer Restricted
Notes or Exchange Notes if such subsequent Holders are deemed to be Affiliates
solely by reason of their holdings of such Notes) shall not be counted in
determining whether such consent or approval was given by the Holders of such
required percentage.

                                       22

<PAGE>

                 Please confirm that the foregoing correctly sets forth the
agreement between and among the Company, the Guarantors and the Initial
Purchaser.

                                Very truly yours,

                                   ARMOR HOLDINGS, INC.

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

<PAGE>

                                   SUBSIDIARY GUARANTORS

                                   911EP, INC.,
                                      a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   AHI PROPERTIES I, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

<PAGE>

                                   ARMOR BRANDS, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   ARMOR HOLDINGS FORENSICS, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   ARMOR HOLDINGS GP, LLC,
                                     a Delaware company

                                   By:
                                      -----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   ARMOR HOLDINGS LP, LLC,
                                     a Delaware company

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

<PAGE>

                                   ARMOR HOLDINGS MOBILE SECURITY, L.L.C.,
                                     a Delaware company

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   ARMOR HOLDINGS PAYROLL SERVICES, LLC,
                                     a Delaware company

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Manager

                                   ARMOR HOLDINGS PRODUCTS, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   ARMOR HOLDINGS PROPERTIES, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

<PAGE>

                                   ARMOR SAFETY PRODUCTS COMPANY,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   B-SQUARE, INC.,
                                      a Texas corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   BREAK-FREE ARMOR CORP.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   BREAK-FREE, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   CASCO INTERNATIONAL, INC.,
                                     a New Hampshire corporation

<PAGE>

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   DEFENSE TECHNOLOGY CORPORATION OF AMERICA,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   INDENTICATOR, INC.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   MONADNOCK LIFETIME PRODUCTS, INC. (DE),
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   MONADNOCK LIFETIME PRODUCTS, INC. (NH),

<PAGE>

                                     a New Hampshire corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   MONADNOCK POLICE TRAINING COUNCIL, INC.,
                                     a New Hampshire corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   NAP PROPERTIES, LTD.,
                                     a California limited partnership

                                   By:  NAP PROPERTY MANAGERS, LLC,
                                        its General Partner

                                   By:  ARMOR HOLDINGS PROPERTIES, INC.,
                                        its Managing Member

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   NAP PROPERTY MANAGERS, LLC,
                                     a California company

                                   By:  ARMOR HOLDINGS PROPERTIES, INC.,
                                        its Managing Member

<PAGE>

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

<PAGE>

                                   O'GARA-HESS & EISENHARDT ARMORING COMPANY,
                                      L.L.C.
                                      a Delaware company

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   PRO-TECH ARMORED PRODUCTS OF MASSACHUSETTS,
                                     INC.,
                                     a Massachusetts corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   RAMTECH DEVELOPMENT CORP.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   SAFARI LAND LTD, INC.,
                                     a California corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

<PAGE>

                                   SAFARILAND GOVERNMENT SALES, INC.,
                                     a California corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   SPEEDFEED ACQUISITION CORP.,
                                     a Delaware corporation

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

                                   THE O'GARA COMPANY,
                                     an Ohio company

                                   By:
                                      ----------------------------------
                                       Name: Robert R. Schiller
                                       Title: Vice President

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

WACHOVIA CAPITAL MARKETS, LLC

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

<PAGE>

                                   SCHEDULE 1
                                   ----------

                              SUBSIDIARY GUARANTORS

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------

            Company                                                               Jurisdiction of Formation

---------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>
    1       911EP, Inc.                                                                     Delaware
---------------------------------------------------------------------------------------------------------------------
    2       AHI Properties I, Inc.                                                          Delaware
---------------------------------------------------------------------------------------------------------------------
    3       Armor Brands, Inc.                                                              Delaware
---------------------------------------------------------------------------------------------------------------------
    4       Armor Holdings Forensics, Inc.                                                  Delaware
---------------------------------------------------------------------------------------------------------------------
    5       Armor Holdings GP, LLC                                                          Delaware
---------------------------------------------------------------------------------------------------------------------
    6       Armor Holdings LP, LLC                                                          Delaware
---------------------------------------------------------------------------------------------------------------------
    7       Armor Holdings Mobile Security, L.L.C.                                          Delaware
---------------------------------------------------------------------------------------------------------------------
    8       Armor Holdings Payroll Services, LLC                                            Delaware
---------------------------------------------------------------------------------------------------------------------
    9       Armor Holdings Products, Inc.                                                   Delaware
---------------------------------------------------------------------------------------------------------------------
    10      Armor Holdings Properties, Inc.                                                 Delaware
---------------------------------------------------------------------------------------------------------------------
    11      Armor Safety Products Company                                                   Delaware
---------------------------------------------------------------------------------------------------------------------
    12      B-Square, Inc.                                                                   Texas
---------------------------------------------------------------------------------------------------------------------
    13      Break-Free Armor Corp.                                                          Delaware
---------------------------------------------------------------------------------------------------------------------
    14      Break-Free, Inc.                                                                Delaware
---------------------------------------------------------------------------------------------------------------------
    15      Casco International, Inc.                                                    New Hampshire
---------------------------------------------------------------------------------------------------------------------
    16      Defense Technology Corporation of America                                       Delaware
---------------------------------------------------------------------------------------------------------------------
    17      Identicator, Inc.                                                               Delaware
---------------------------------------------------------------------------------------------------------------------
    18      Monadnock Lifetime Products, Inc.                                               Delaware
---------------------------------------------------------------------------------------------------------------------
    19      Monadnock Lifetime Products, Inc.                                            New Hampshire
---------------------------------------------------------------------------------------------------------------------
    20      Monadnock Police Training Council, Inc.                                      New Hampshire
---------------------------------------------------------------------------------------------------------------------
    21      NAP Properties, Ltd.                                                           California
---------------------------------------------------------------------------------------------------------------------
    22      NAP Property Managers, LLC                                                     California
---------------------------------------------------------------------------------------------------------------------
    23      O'Gara-Hess & Eisenhardt Armoring Company, L.L.C.                               Delaware
---------------------------------------------------------------------------------------------------------------------
    24      Pro-Tech Armored Products of Massachusetts, Inc.                             Massachusetts
---------------------------------------------------------------------------------------------------------------------
    25      Ramtech Development Corp.                                                       Delaware
---------------------------------------------------------------------------------------------------------------------
    26      Safari Land Ltd., Inc.                                                         California
---------------------------------------------------------------------------------------------------------------------
    27      Safariland Government Sales, Inc.                                              California
---------------------------------------------------------------------------------------------------------------------
    28      Speedfeed Acquisition Corp.                                                     Delaware
---------------------------------------------------------------------------------------------------------------------
    29      The O'Gara Company                                                                Ohio
---------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]