Document:

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                                                                    Exhibit 10.1

                         CREDIT AND GUARANTY AGREEMENT

                         DATED AS OF SEPTEMBER 5, 2002

                                     AMONG

                                  KROLL INC.,

                       CERTAIN SUBSIDIARIES OF KROLL INC.,
                                 AS GUARANTORS,

                                VARIOUS LENDERS,

                       GOLDMAN SACHS CREDIT PARTNERS L.P.,
           AS SOLE LEAD ARRANGER, SOLE BOOK RUNNER, SYNDICATION AGENT,
                    COLLATERAL AGENT AND ADMINISTRATIVE AGENT

                      BEAR STEARNS CORPORATE LENDING INC.,
                           AS CO-DOCUMENTATION AGENT,

                                       AND

               CREDIT SUISSE FIRST BOSTON, CAYMAN ISLANDS BRANCH,
                            AS CO-DOCUMENTATION AGENT

            --------------------------------------------------------
                  $100,000,000 SENIOR SECURED CREDIT FACILITIES
            --------------------------------------------------------
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                                TABLE OF CONTENTS

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                                                                                                                      Page
<S>                                                                                                                   <C>
SECTION 1. DEFINITIONS AND INTERPRETATION.......................................................................         2
           1.1. DEFINITIONS.....................................................................................         2
           1.2. ACCOUNTING TERMS................................................................................        35
           1.3. INTERPRETATION, ETC.............................................................................        36
SECTION 2. LOANS AND LETTERS OF CREDIT..........................................................................        36
           2.1. TERM LOANS......................................................................................        36
           2.2. REVOLVING LOANS.................................................................................        37
           2.3. ISSUANCE OF LETTERS OF CREDIT AND PURCHASE OF PARTICIPATIONS THEREIN............................        38
           2.4. PRO RATA SHARES; AVAILABILITY OF FUNDS..........................................................        42
           2.5. USE OF PROCEEDS.................................................................................        43
           2.6. EVIDENCE OF DEBT; REGISTER; LENDERS' BOOKS AND RECORDS; NOTES...................................        43
           2.7. INTEREST ON LOANS...............................................................................        44
           2.8. CONVERSION/CONTINUATION.........................................................................        46
           2.9. DEFAULT INTEREST................................................................................        46
           2.10. FEES...........................................................................................        47
           2.11. SCHEDULED INSTALLMENTS.........................................................................        48
           2.12. VOLUNTARY PREPAYMENTS/COMMITMENT REDUCTIONS....................................................        49
           2.13. MANDATORY PREPAYMENTS..........................................................................        50
           2.14. APPLICATION OF PREPAYMENTS/REDUCTIONS..........................................................        51
           2.15. GENERAL PROVISIONS REGARDING PAYMENTS..........................................................        52
           2.16. [RESERVED.]....................................................................................        53
           2.17. RATABLE SHARING................................................................................        53
           2.18. MAKING OR MAINTAINING EURODOLLAR RATE LOANS....................................................        54
           2.19. INCREASED COSTS; CAPITAL ADEQUACY..............................................................        56
           2.20. TAXES; WITHHOLDING, ETC........................................................................        57
           2.21. OBLIGATION TO MITIGATE.........................................................................        59
           2.22. DEFAULTING LENDERS.............................................................................        60
           2.23. REMOVAL OR REPLACEMENT OF A LENDER.............................................................        61
SECTION 3. CONDITIONS PRECEDENT AND SUBSEQUENT..................................................................        62
           3.1. CONDITIONS PRECEDENT TO CLOSING DATE............................................................        62
           3.2. CONDITIONS PRECEDENT TO EACH CREDIT EXTENSION...................................................        67
           3.3. CONDITIONS SUBSEQUENT TO CLOSING DATE...........................................................        68
SECTION 4. REPRESENTATIONS AND WARRANTIES.......................................................................        69
           4.1. ORGANIZATION; REQUISITE POWER AND AUTHORITY; QUALIFICATION......................................        69
           4.2. CAPITAL STOCK AND OWNERSHIP.....................................................................        69
           4.3. DUE AUTHORIZATION...............................................................................        70
           4.4. NO CONFLICT.....................................................................................        70
           4.5. GOVERNMENTAL CONSENTS...........................................................................        70
           4.6. BINDING OBLIGATION..............................................................................        70
           4.7. HISTORICAL FINANCIAL STATEMENTS.................................................................        71
</TABLE>
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<TABLE>
<S>                                                                                                                    <C>
           4.8. PROJECTIONS.....................................................................................        71
           4.9. NO MATERIAL ADVERSE EFFECT......................................................................        71
           4.10. NO RESTRICTED JUNIOR PAYMENTS..................................................................        71
           4.11. ADVERSE PROCEEDINGS, ETC.......................................................................        71
           4.12. PAYMENT OF TAXES...............................................................................        72
           4.13. PROPERTIES.....................................................................................        72
           4.14. ENVIRONMENTAL MATTERS..........................................................................        72
           4.15. NO DEFAULTS....................................................................................        73
           4.16. MATERIAL CONTRACTS.............................................................................        73
           4.17. GOVERNMENTAL REGULATION........................................................................        73
           4.18. MARGIN STOCK...................................................................................        73
           4.19. EMPLOYEE MATTERS...............................................................................        73
           4.20. EMPLOYEE BENEFIT PLANS.........................................................................        74
           4.21. CERTAIN FEES...................................................................................        74
           4.22. SOLVENCY.......................................................................................        75
           4.23. RELATED AGREEMENTS.............................................................................        75
           4.24. COMPLIANCE WITH STATUTES, ETC..................................................................        75
           4.25. DISCLOSURE.....................................................................................        75
           4.26. [RESERVED.]....................................................................................        76
           4.27. [RESERVED.]....................................................................................        76
           4.28. INVENTORY......................................................................................        76
           4.29. EQUIPMENT......................................................................................        76
           4.30. LOCATION OF EQUIPMENT..........................................................................        76
           4.31. LOCATION OF CHIEF EXECUTIVE OFFICE; FEIN.......................................................        76
           4.32. INTELLECTUAL PROPERTY..........................................................................        76
           4.33. LEASES.........................................................................................        77
           4.34. DEPOSIT ACCOUNTS...............................................................................        77
           4.35. INDEBTEDNESS...................................................................................        77
           4.36. CUSTOMERS AND SUPPLIERS........................................................................        77
SECTION 5. AFFIRMATIVE COVENANTS................................................................................        77
           5.1. FINANCIAL STATEMENTS AND OTHER REPORTS..........................................................        78
           5.2. EXISTENCE.......................................................................................        82
           5.3. COLLATERAL REPORTING............................................................................        82
           5.4. PAYMENT OF TAXES AND CLAIMS.....................................................................        83
           5.5. MAINTENANCE OF PROPERTIES.......................................................................        83
           5.6. INSURANCE.......................................................................................        83
           5.7. [RESERVED.].....................................................................................        84
           5.8. LEASES..........................................................................................        84
           5.9. INSPECTIONS.....................................................................................        84
           5.10. LENDERS MEETINGS...............................................................................        84
           5.11. COMPLIANCE WITH LAWS...........................................................................        85
           5.12. ENVIRONMENTAL..................................................................................        85
           5.13. ADDITIONAL MATERIAL REAL ESTATE ASSETS.........................................................        86
</TABLE>

                                       ii
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<TABLE>
<S>                                                                                                                    <C>
           5.14. SUBSIDIARIES...................................................................................        86
           5.15. INTEREST RATE PROTECTION.......................................................................        87
           5.16. FURTHER ASSURANCES.............................................................................        87
           5.17. MISCELLANEOUS BUSINESS COVENANTS...............................................................        88
           5.18. POST-CLOSING OBLIGATIONS.......................................................................        88
SECTION 6. NEGATIVE COVENANTS...................................................................................        88
           6.1. INDEBTEDNESS....................................................................................        88
           6.2. LIENS..........................................................................................    .    90
           6.3. EQUITABLE LIEN..................................................................................        92
           6.4. NO FURTHER NEGATIVE PLEDGES.....................................................................        92
           6.5. RESTRICTED JUNIOR PAYMENTS......................................................................        92
           6.6. RESTRICTIONS ON SUBSIDIARY DISTRIBUTIONS........................................................        92
           6.7. INVESTMENTS.....................................................................................        93
           6.8. FINANCIAL COVENANTS.............................................................................        93
           6.9. FUNDAMENTAL CHANGES; DISPOSITION OF ASSETS; ACQUISITIONS........................................        96
           6.10. DISPOSAL OF SUBSIDIARY INTERESTS...............................................................        97
           6.11. SALES AND LEASE-BACKS..........................................................................        97
           6.12. TRANSACTIONS WITH SHAREHOLDERS AND AFFILIATES..................................................        97
           6.13. CONDUCT OF BUSINESS............................................................................        98
           6.14. USE OF PROCEEDS................................................................................        98
           6.15. AMENDMENTS OR WAIVERS OF CERTAIN RELATED AGREEMENTS............................................        98
           6.16. AMENDMENTS OR WAIVERS WITH RESPECT TO SUBORDINATED INDEBTEDNESS................................        98
           6.17. FISCAL YEAR....................................................................................        98
           6.18. [RESERVED.]....................................................................................        98
           6.19. CHANGE NAME....................................................................................        98
           6.20. [RESERVED.]....................................................................................        99
           6.21. CASH; CONTROL AGREEMENTS.......................................................................        99
           6.22. [RESERVED.]....................................................................................        99
SECTION 7. GUARANTY.............................................................................................        99
           7.1. GUARANTY OF THE OBLIGATIONS.....................................................................        99
           7.2. CONTRIBUTION BY GUARANTORS......................................................................        99
           7.3. PAYMENT BY GUARANTORS...........................................................................       100
           7.4. LIABILITY OF GUARANTORS ABSOLUTE................................................................       100
           7.5. WAIVERS BY GUARANTORS...........................................................................       103
           7.6. GUARANTORS' RIGHTS OF SUBROGATION, CONTRIBUTION, ETC............................................       103
           7.7. SUBORDINATION OF OTHER OBLIGATIONS..............................................................       104
           7.8. CONTINUING GUARANTY.............................................................................       104
           7.9. AUTHORITY OF GUARANTORS OR COMPANY..............................................................       104
           7.10. FINANCIAL CONDITION OF COMPANY.................................................................       105
           7.11. BANKRUPTCY, ETC................................................................................       105
           7.12. DISCHARGE OF GUARANTY UPON SALE OF GUARANTOR...................................................       106
SECTION 8. EVENTS OF DEFAULT....................................................................................       106
           8.1. EVENTS OF DEFAULT...............................................................................       106
</TABLE>

                                      iii
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<S>                                                                                                                    <C>
SECTION 9. AGENTS...............................................................................................       109
           9.1. APPOINTMENT OF AGENTS...........................................................................       109
           9.2. POWERS AND DUTIES...............................................................................       109
           9.3. GENERAL IMMUNITY................................................................................       110
           9.4. AGENTS ENTITLED TO ACT AS LENDER................................................................       111
           9.5. LENDERS' REPRESENTATIONS, WARRANTIES AND ACKNOWLEDGMENT.........................................       111
           9.6. RIGHT TO INDEMNITY..............................................................................       111
           9.7. SUCCESSOR ADMINISTRATIVE AGENT AND COLLATERAL AGENT.............................................       113
           9.8. COLLATERAL DOCUMENTS AND GUARANTY...............................................................       114
SECTION 10. MISCELLANEOUS.......................................................................................       114
           10.1. NOTICES........................................................................................       114
           10.2. EXPENSES.......................................................................................       115
           10.3. INDEMNITY......................................................................................       115
           10.4. SET-OFF........................................................................................       116
           10.5. AMENDMENTS AND WAIVERS.........................................................................       117
           10.6. SUCCESSORS AND ASSIGNS; PARTICIPATIONS.........................................................       119
           10.7. INDEPENDENCE OF COVENANTS......................................................................       122
           10.8. SURVIVAL OF REPRESENTATIONS, WARRANTIES AND AGREEMENTS.........................................       122
           10.9. NO WAIVER; REMEDIES CUMULATIVE.................................................................       122
           10.10. MARSHALLING; PAYMENTS SET ASIDE...............................................................       123
           10.11. SEVERABILITY..................................................................................       123
           10.12. OBLIGATIONS SEVERAL; INDEPENDENT NATURE OF LENDERS' RIGHTS....................................       123
           10.13. HEADINGS......................................................................................       123
           10.14. APPLICABLE LAW................................................................................       123
           10.15. CONSENT TO JURISDICTION.......................................................................       123
           10.16. WAIVER OF JURY TRIAL..........................................................................       124
           10.17. CONFIDENTIALITY...............................................................................       125
           10.18. USURY SAVINGS CLAUSE..........................................................................       125
           10.19. COUNTERPARTS..................................................................................       126
           10.20. EFFECTIVENESS.................................................................................       126
</TABLE>

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<TABLE>
<S>               <C>      <C>
APPENDICES:       A-1      Term Loan Commitments
                  A-2      Revolving Commitments
                  B        Notice Addresses

SCHEDULES:        1.1(a)   Certain Adjustments to Consolidated Adjusted EBITDA,
                           Consolidated Fixed Charges and Consolidated Interest Expense
                  1.1(b)   Immaterial Subsidiaries
                  3.3      Post-Closing Date Mortgaged Properties
                  4.1      Jurisdictions of Organization and Qualification
                  4.2      Capital Stock and Ownership
                  4.11     Adverse Proceedings
                  4.16     Material Contracts
                  4.30     Location of Equipment
                  4.31     Chief Executive Offices
                  4.34     Deposit Accounts
                  4.35     Indebtedness
                  5.18     Post-Closing Obligations
                  6.1      Certain Indebtedness
                  6.2      Certain Liens
                  6.7      Certain Investments
                  6.12     Certain Affiliate Transactions

EXHIBITS:         A-1      Funding Notice
                  A-2      Conversion/Continuation Notice
                  A-3      Issuance Notice
                  B-1      Term Loan Note
                  B-2      Revolving Loan Note
                  C        Compliance Certificate
                  D        Opinions of Counsel
                  E        Assignment Agreement
                  F        Certificate re Non-Bank Status
                  G-1      Closing Date Certificate
                  G-2      Solvency Certificate
                  H        Counterpart Agreement
                  I        Pledge and Security Agreement
                  J        Borrowing Base Certificate
</TABLE>

                                       v
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                          CREDIT AND GUARANTY AGREEMENT

         This CREDIT AND GUARANTY AGREEMENT, dated as of September 5, 2002, is
entered into by and among KROLL INC., a Delaware corporation ("COMPANY"),
CERTAIN SUBSIDIARIES OF COMPANY, as Guarantors, the Lenders party hereto from
time to time, GOLDMAN SACHS CREDIT PARTNERS L.P. ("GSCP"), as Sole Lead
Arranger, Sole Book Runner and Syndication Agent (in such capacities,
"SYNDICATION AGENT"), as Administrative Agent (together with its permitted
successors in such capacity, "ADMINISTRATIVE AGENT"), and as Collateral Agent
(together with its permitted successor in such capacity, "COLLATERAL AGENT"),
BEAR STEARNS CORPORATE LENDING INC. ("BEAR STEARNS"), as Co-Documentation Agent,
and CREDIT SUISSE FIRST BOSTON, CAYMAN ISLANDS BRANCH ("CSFB"), as
Co-Documentation Agent (in such capacity, together with Bear Stearns, each a
"CO-DOCUMENTATION AGENT" and, collectively, the "CO-DOCUMENTATION AGENTS").

                                    RECITALS:

         WHEREAS, capitalized terms used in these recitals shall have the
respective meanings set forth for such terms in Section 1.1 hereof;

         WHEREAS, Lenders have agreed to extend certain credit facilities to
Company, in an aggregate amount not to exceed $100,000,000, consisting of
$75,000,000 aggregate principal amount of Term Loans, the proceeds of which will
be used to finance a portion of the cash portion of the purchase price to be
paid in connection with the Acquisition, and up to $25,000,000 aggregate
principal amount of Revolving Commitments, the proceeds of which will be used to
finance the working capital needs and other general corporate purposes of
Company and its Domestic Subsidiaries;

         WHEREAS, Company has agreed to secure all of its Obligations by
granting to Collateral Agent, for the benefit of Secured Parties, a First
Priority Lien on substantially all of its assets, including a pledge of all of
the Capital Stock of each of its Domestic Subsidiaries (other than Immaterial
Subsidiaries) and 65% of all of the Capital Stock of certain of its Foreign
Subsidiaries; and

         WHEREAS, Guarantors have agreed to guarantee the Obligations of Company
hereunder and to secure their respective Obligations by granting to Collateral
Agent, for the benefit of Secured Parties, a First Priority Lien on
substantially all of their respective assets, including a pledge of all of the
Capital Stock of each of their respective Domestic Subsidiaries (other than
Immaterial Subsidiaries) and 65% of all of the Capital Stock of certain of their
respective Foreign Subsidiaries.
<PAGE>
         NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained, the parties hereto agree as follows:

SECTION 1. DEFINITIONS AND INTERPRETATION

         1.1. DEFINITIONS. The following terms used herein, including in the
preamble, recitals, exhibits and schedules hereto, shall have the following
meanings:

         "ACCOUNT" means any right to payment for goods sold or services
rendered in the ordinary course of business, regardless of how such right is
evidenced and whether or not it has been earned by performance.

         "ACCOUNT DEBTOR" means, with respect to any Account, the obligor with
respect to such Account.

         "ACQUISITION" means the acquisition by Company of 100% of the
membership interests and/or assets of Target pursuant to the Purchase Agreement.

         "ADJUSTED EURODOLLAR RATE" means, for any Interest Rate Determination
Date with respect to an Interest Period for a Eurodollar Rate Loan, the rate per
annum obtained by dividing (and rounding upward to the next whole multiple of
1/16 of 1%) (i) (a) the rate per annum (rounded to the nearest 1/100 of 1%)
equal to the rate determined by Administrative Agent to be the offered rate
which appears on the page of the Telerate Screen which displays an average
British Bankers Association Interest Settlement Rate (such page currently being
page number 3740 or 3750, as applicable) for deposits (for delivery on the first
day of such period) with a term equivalent to such period in Dollars, determined
as of approximately 11:00 a.m. (London, England time) on such Interest Rate
Determination Date, or (b) in the event the rate referenced in the preceding
clause (a) does not appear on such page or service or if such page or service
shall cease to be available, the rate per annum (rounded to the nearest 1/100 of
1%) equal to the rate determined by Administrative Agent to be the offered rate
on such other page or other service which displays an average British Bankers
Association Interest Settlement Rate for deposits (for delivery on the first day
of such period) with a term equivalent to such period in Dollars, determined as
of approximately 11:00 a.m. (London, England time) on such Interest Rate
Determination Date, or (c) in the event the rates referenced in the preceding
clauses (a) and (b) are not available, the rate per annum (rounded to the
nearest 1/100 of 1%) equal to the offered quotation rate to first class banks in
the London interbank market by CSFB for deposits (for delivery on the first day
of the relevant period) in Dollars of amounts in same day funds comparable to
the principal amount of the applicable Loan of Administrative Agent, in its
capacity as a Lender, for which the Adjusted Eurodollar Rate is then being
determined with maturities comparable to such period as of approximately 11:00
a.m. (London, England time) on such Interest Rate Determination Date, by (ii) an
amount equal to (a) one minus (b) the Applicable Reserve Requirement.

                                       2
<PAGE>
         "ADMINISTRATIVE AGENT" as defined in the preamble hereto.

         "ADVERSE PROCEEDING" means any action, suit, proceeding (whether
administrative, judicial or otherwise), governmental investigation or
arbitration (whether or not purportedly on behalf of Company or any of its
Subsidiaries) at law or in equity, or before or by any Governmental Authority,
domestic or foreign (including any Environmental Claims), whether pending or, to
the knowledge of Company or any of its Subsidiaries, threatened against or
directly affecting Company or any of its Subsidiaries or any property of Company
or any of its Subsidiaries.

         "AFFECTED LENDER" as defined in Section 2.18(b).

         "AFFECTED LOANS" as defined in Section 2.18(b).

         "AFFILIATE" means, as applied to any Person, any other Person directly
or indirectly controlling, controlled by, or under common control with, that
Person. For the purposes of this definition, "control" (including, with
correlative meanings, the terms "controlling," "controlled by" and "under common
control with"), as applied to any Person, means the possession, directly or
indirectly, of the power (i) to vote 10% or more of the Securities having
ordinary voting power for the election of directors of such Person or (ii) to
direct or cause the direction of the management and policies of that Person,
whether through the ownership of voting Securities or by contract or otherwise.

         "AGENT" means each of Syndication Agent, Administrative Agent,
Collateral Agent and Co-Documentation Agents.

         "AGGREGATE AMOUNTS DUE" as defined in Section 2.17.

         "AGGREGATE PAYMENTS" means, with respect to a Contributing Guarantor as
of any date of determination, an amount equal to (1) the aggregate amount of all
payments and distributions made on or before such date by such Contributing
Guarantor in respect of the Guaranty (including, without limitation,
contributions under Section 7.2) minus (2) the aggregate amount of all payments
received on or before such date by such Contributing Guarantor from the other
Contributing Guarantors as contributions under Section 7.2.

         "AGREEMENT" means this Credit and Guaranty Agreement, dated as of
September 5, 2002 as it may be amended, supplemented or otherwise modified from
time to time.

         "APPLICABLE MARGIN" means, (i) with respect to any Term Loan, the rate
per annum set forth on the table below under the caption for such Loan's Class
and Type and opposite Leverage Ratio Level 2 of the Rating Tier in effect as of
the Closing Date and (ii) with respect to any Revolving Loan, (a) prior to the
First Day, the rate per annum set forth on the table below under the caption for
such Loan's Class and Type and opposite Leverage Ratio Level 2 of the Rating

                                       3
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Tier in effect as of the Closing Date and (b) beginning on the First Day and
thereafter, the rate per annum set forth on the table below under the caption
for such Loan's Class and Type and opposite the Leverage Ratio Level in effect
from time to time of the Rating Tier in effect as of the Closing Date:

<TABLE>
<CAPTION>
RATING TIER           LEVERAGE RATIO     TERM LOANS                             REVOLVING LOANS
                      LEVEL              (IN BPS)                               (IN BPS)
                      -----              --------                               --------
                                         Eurodollar Rate     Base Rate          Eurodollar Rate     Base Rate
                                         ---------------     ---------          ---------------     ---------
<S>                   <C>                <C>                 <C>                <C>                 <C>
I                     1                  300                 200                275                 175
                      2                  275                 175                250                 150
                      3                  250                 150                225                 125
                      4                  225                 125                200                 100
II                    1                  325                 225                300                 200
                      2                  300                 200                275                 175
                      3                  275                 175                250                 150
                      4                  250                 150                225                 125
III                   1                  350                 250                325                 225
                      2                  325                 225                300                 200
                      3                  300                 200                275                 175
                      4                  275                 175                250                 150
IV                    1                  375                 275                350                 250
                      2                  350                 250                325                 225
                      3                  325                 225                300                 200
                      4                  300                 200                275                 175
V                     1                  400                 300                375                 275
                      2                  375                 275                350                 250
                      3                  350                 250                325                 225
                      4                  325                 225                300                 200
</TABLE>

Notwithstanding any of the foregoing, upon the repayment of the Term Loans in
full, each of the rates set forth on the table above shall (x) in the case of
the Eurodollar Rate, decrease by 75 basis points and (y) in the case of the Base
Rate, decrease by 37.5 basis points.

No change in the Leverage Ratio Level shall be effective until three (3)
Business Days after the date on which Administrative Agent shall have received
the applicable financial statements and a Compliance Certificate pursuant to
Section 5.1(d) calculating the Leverage Ratio. At any time Company has not
submitted to Administrative Agent the applicable information as and when
required under Section 5.1(d), the Leverage Ratio Level shall be Leverage Ratio
Level 1. Within one (1) Business Day of receipt of the applicable information
under Section 5.1(d),

                                       4
<PAGE>
Administrative Agent shall give each Lender telefacsimile or telephonic notice
(confirmed in writing) of the Applicable Margin in effect from such date.

         "APPLICABLE RESERVE REQUIREMENT" means, at any time, for any Eurodollar
Rate Loan, the maximum rate, expressed as a decimal, at which reserves
(including, without limitation, any basic marginal, special, supplemental,
emergency or other reserves) are required to be maintained with respect thereto
against "Eurocurrency liabilities" (as such term is defined in Regulation D)
under regulations issued from time to time by the Board of Governors of the
Federal Reserve System or other applicable banking regulator. Without limiting
the effect of the foregoing, the Applicable Reserve Requirement shall reflect
any other reserves required to be maintained by such member banks with respect
to (i) any category of liabilities which includes deposits by reference to which
the applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is
to be determined or (ii) any category of extensions of credit or other assets
which include Eurodollar Rate Loans. A Eurodollar Rate Loan shall be deemed to
constitute Eurocurrency liabilities and as such shall be deemed subject to
reserve requirements without benefits of credit for proration, exceptions or
offsets that may be available from time to time to the applicable Lender. The
rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and
as of the effective date of any change in the Applicable Reserve Requirement.

         "ASSET SALE" means a sale, lease or sub-lease (as lessor or sublessor),
sale and leaseback, assignment, conveyance, transfer or other disposition to, or
any exchange of property with, any Person (other than any Credit Party), in one
transaction or a series of transactions, of all or any part of Company's or any
of its Subsidiaries' businesses, assets or properties of any kind, whether real,
personal, or mixed and whether tangible or intangible, whether now owned or
hereafter acquired, including, without limitation, the Capital Stock of any of
Company's Subsidiaries, other than inventory (or other assets) sold or leased in
the ordinary course of business (excluding any such sales by operations or
divisions discontinued or to be discontinued).

         "ASSIGNMENT AGREEMENT" means an Assignment Agreement substantially in
the form of Exhibit E, with such amendments or modifications as may be approved
by Administrative Agent.

         "AUTHORIZED OFFICER" means, as applied to any Person, any individual
holding the position of chairman of the board (if an officer), chief executive
officer, president or one of its vice presidents (or the equivalent thereof),
and such Person's chief financial officer or treasurer.

         "BANKRUPTCY CODE" means Title 11 of the United States Code entitled
"Bankruptcy," as now and hereafter in effect, or any successor statute.

         "BASE RATE" means, for any day, a rate per annum equal to the greater
of (i) the Prime Rate in effect on such day and (ii) the Federal Funds Effective
Rate in effect on such day plus 1/2 of 1%. Any change in the Base Rate due to a
change in the Prime Rate or the Federal Funds

                                       5
<PAGE>
Effective Rate shall be effective on the effective day of such change in the
Prime Rate or the Federal Funds Effective Rate, respectively.

         "BASE RATE LOAN" means a Loan bearing interest at a rate determined by
reference to the Base Rate.

         "BEAR STEARNS" as defined in the preamble hereto.

         "BENEFICIARY" means each Agent, Issuing Bank, Lender and Lender
Counterparty.

         "BORROWING BASE" means, as at any date of determination, an amount
equal to 85% of the amount of Eligible Accounts, determined by reference to the
most recent Borrowing Base Certificate provided to Administrative Agent pursuant
to Section 5.3. Administrative Agent, in its reasonable discretion (after
reasonable consultation with Company), may adjust and revise from time to time
the standards of eligibility for Eligible Accounts, with any changes in such
standards to be effective three (3) Business Days after delivery of notice
thereof to Company.

         "BORROWING BASE CERTIFICATE" means a certificate substantially in the
form of Exhibit J.

         "BUSINESS DAY" means (i) any day excluding Saturday, Sunday and any day
which is a legal holiday under the laws of the State of New York or is a day on
which banking institutions located in such state are authorized or required by
law or other governmental action to close and (ii) with respect to all notices,
determinations, fundings and payments in connection with the Adjusted Eurodollar
Rate or any Eurodollar Rate Loans, any day which is a Business Day described in
clause (i) and which is also a day for trading by and between banks in Dollar
deposits in the London interbank market.

         "CAPITAL LEASE" means, as applied to any Person, any lease of any
property (whether real, personal or mixed) by that Person as lessee that, in
conformity with GAAP, is or should be accounted for as a capital lease on the
balance sheet of that Person.

         "CAPITAL STOCK" means any and all shares, interests, participations or
other equivalents (however designated) of capital stock of a corporation, any
and all equivalent ownership interests in a Person (other than a corporation),
including, without limitation, partnership interests and membership interests,
and any and all warrants, rights or options to purchase or other arrangements or
rights to acquire any of the foregoing.

         "CASH" means money, currency or a credit balance in any demand or
Deposit Account.

         "CASH EQUIVALENTS" means, as at any date of determination, (i)
marketable Securities (a) issued or directly and unconditionally guaranteed as
to interest and principal by the United States Government or (b) issued by any
agency of the United States the obligations of which are backed by the full
faith and credit of the United States, in each case maturing within one year
after such

                                       6
<PAGE>
date; (ii) marketable direct obligations issued by any state of the United
States of America or any political subdivision of any such state or any public
instrumentality thereof, in each case maturing within one year after such date
and having, at the time of the acquisition thereof, a rating of at least A-1
from S&P or at least P-1 from Moody's; (iii) commercial paper maturing no more
than one year from the date of creation thereof and having, at the time of the
acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from
Moody's; (iv) certificates of deposit or bankers' acceptances maturing within
one year after such date and issued or accepted by any Lender or by any
commercial bank organized under the laws of the United States of America or any
state thereof or the District of Columbia that (a) is at least "adequately
capitalized" (as defined in the regulations of its primary Federal banking
regulator) and (b) has Tier 1 capital (as defined in such regulations) of not
less than $100,000,000; and (v) shares of any money market mutual fund that (a)
has substantially all of its assets invested continuously in the types of
investments referred to in clauses (i) and (ii) above, (b) has net assets of not
less than $500,000,000 and (c) has the highest rating obtainable from either S&P
or Moody's.

         "CERTIFICATE RE NON-BANK STATUS" means a certificate substantially in
the form of Exhibit F.

         "CHANGE OF CONTROL" means, at any time, (i) any Person or "group"
(within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) (a) shall
have acquired beneficial ownership of (x) until such time as the Term Loans
shall have been repaid in full, 20% or more and (y) thereafter, 30% or more, in
each case on a fully diluted basis, of the voting and/or economic interest in
the Capital Stock of Company or (b) shall have obtained the power (whether or
not exercised) to elect a majority of the members of the board of directors (or
similar governing body) of Company or (ii) the majority of the seats (other than
vacant seats) on the board of directors (or similar governing body) of Company
cease to be occupied by Persons who either (a) were members of the board of
directors of Company on the Closing Date or (b) were nominated for election by
the board of directors of Company, a majority of whom were directors on the
Closing Date or whose election or nomination for election was previously
approved by a majority of such directors or by a majority of directors who were
nominated by such directors.

         "CLASS" means (i) with respect to Lenders, each of the following
classes of Lenders: (a) Lenders having Term Loan Exposure and (b) Lenders having
Revolving Exposure and (ii) with respect to Loans, each of the following classes
of Loans: (a) Term Loans and (b) Revolving Loans.

         "CLOSING DATE" means the date on which the Term Loans are made.

         "CLOSING DATE CERTIFICATE" means a Closing Date Certificate
substantially in the form of Exhibit G-1.

         "CO-DOCUMENTATION AGENTS" as defined in the preamble hereto.

                                       7

<PAGE>

         "COLLATERAL" means, collectively, all of the real, mixed and personal
property (including Capital Stock, Deposit Accounts, and Securities Accounts) in
which Liens are purported to be granted pursuant to the Collateral Documents as
security for the Obligations.

         "COLLATERAL AGENT" as defined in the preamble hereto.

         "COLLATERAL DOCUMENTS" means the Pledge and Security Agreement, the
Mortgages, if any, and all other instruments, documents and agreements delivered
by any Credit Party pursuant to this Agreement or any of the other Credit
Documents in order to grant to Collateral Agent, for the benefit of Lenders, a
Lien on any real, mixed or personal property of that Credit Party as security
for the Obligations.

         "COLLATERAL QUESTIONNAIRE" means a certificate in form reasonably
satisfactory to Collateral Agent that provides information with respect to the
personal or mixed property of each Credit Party.

         "COMPANY" as defined in the preamble hereto.

         "COMMITMENT" means any Revolving Commitment or Term Loan Commitment.

         "COMPLIANCE CERTIFICATE" means a Compliance Certificate substantially
in the form of Exhibit C.

         "CONSOLIDATED ADJUSTED EBITDA" means, for any period, an amount
determined for Company and its Subsidiaries on a consolidated basis equal to (i)
the sum, without duplication, of the amounts for such period of (a) Consolidated
Net Income, (b) Consolidated Interest Expense, (c) provisions for taxes based on
income, (d) total depreciation expense, (e) total amortization expense, and (f)
other non-Cash items reducing Consolidated Net Income (excluding any such
non-Cash item to the extent that it represents an accrual or reserve for
potential Cash items in any future period or amortization of a prepaid Cash item
that was paid in a prior period) minus (ii) other non-Cash items increasing
Consolidated Net Income for such period (excluding any such non-Cash item to the
extent it represents the reversal of an accrual or reserve for potential Cash
item in any prior period); provided that, with respect to any period or portion
thereof occurring prior to the Closing Date, Consolidated Adjusted EBITDA shall
be adjusted in accordance with Schedule 1.1(a).

         "CONSOLIDATED CAPITAL EXPENDITURES" means, for any period, the
aggregate of all expenditures (including, without limitation, database
capitalization) of Company and its Subsidiaries during such period determined on
a consolidated basis that, in accordance with GAAP, are or should be included in
"purchase of property and equipment" or similar items reflected in the
consolidated statement of cash flows of Company and its Subsidiaries.

                                       8
<PAGE>
         "CONSOLIDATED CASH INTEREST EXPENSE" means, for any period,
Consolidated Interest Expense for such period, excluding any amount not payable
in Cash.

         "CONSOLIDATED CURRENT ASSETS" means, as at any date of determination,
the total assets of Company and its Subsidiaries on a consolidated basis that
may properly be classified as current assets in conformity with GAAP, excluding
Cash and Cash Equivalents.

         "CONSOLIDATED CURRENT LIABILITIES" means, as at any date of
determination, the total liabilities of Company and its Subsidiaries on a
consolidated basis that may properly be classified as current liabilities in
conformity with GAAP, excluding the current portion of long term debt.

         "CONSOLIDATED EXCESS CASH FLOW" means, for any period, an amount (if
positive) equal to: (i) the sum, without duplication, of the amounts for such
period of (a) Consolidated Adjusted EBITDA plus (b) the Consolidated Working
Capital Adjustment, minus (ii) the sum, without duplication, of the amounts for
such period of (a) voluntary and scheduled repayments of Consolidated Total Debt
(excluding repayments of Revolving Loans except to the extent the Revolving
Commitments are permanently reduced in connection with such repayments), (b)
Consolidated Capital Expenditures (net of any proceeds of (y) any related
financings with respect to such expenditures and (z) any sales of assets used to
finance such expenditures), (c) Consolidated Cash Interest Expense, (d)
provisions for current taxes based on income of Company and its Subsidiaries and
payable in Cash with respect to such period and (e) Cash payments made in
connection with Permitted Acquisitions in accordance with Section 6.9(e).

         "CONSOLIDATED FIXED CHARGES" means, for any period, the sum, without
duplication, of the amounts determined for Company and its Subsidiaries on a
consolidated basis equal to (i) Consolidated Interest Expense, (ii) scheduled
payments of principal on Consolidated Total Debt, (iii) Consolidated Capital
Expenditures and (iv) the portion of taxes based on income actually paid in cash
and provisions for cash income taxes; provided that, with respect to any period
or portion thereof occurring prior to the Closing Date, Consolidated Fixed
Charges shall be adjusted in accordance with Schedule 1.1(a).

         "CONSOLIDATED INTEREST EXPENSE" means, for any period, total interest
expense (including that portion attributable to Capital Leases in accordance
with GAAP and capitalized interest) of Company and its Subsidiaries on a
consolidated basis with respect to all outstanding Indebtedness of Company and
its Subsidiaries, including all commissions, discounts and other fees and
charges owed with respect to letters of credit and net costs under Interest Rate
Agreements, but excluding, however, (i) any amounts referred to in Section
2.10(d) payable on or before the Closing Date and (ii) the amount of any
original issue discount otherwise included in Consolidated Interest Expense to
the extent derived from the Senior Subordinated Notes; provided that, with
respect to any period or portion thereof occurring prior to the Closing Date,
Consolidated Interest Expense shall be adjusted in accordance with Schedule
1.1(a).

                                       9
<PAGE>
         "CONSOLIDATED NET INCOME" means, for any period, (i) the net income (or
loss) of Company and its Subsidiaries on a consolidated basis for such period
taken as a single accounting period determined in conformity with GAAP minus
(ii) (a) the income (or loss) of any Person (other than a Subsidiary of Company)
in which any other Person (other than Company or any of its Subsidiaries) has a
joint interest, except to the extent of the amount of dividends or other
distributions actually paid to Company or any of its Subsidiaries by such Person
during such period, (b) the income (or loss) of any Person accrued prior to the
date it becomes a Subsidiary of Company or is merged into or consolidated with
Company or any of its Subsidiaries or that Person's assets are acquired by
Company or any of its Subsidiaries, (c) the income of any Subsidiary of Company
to the extent that the declaration or payment of dividends or similar
distributions by that Subsidiary of that income is not at the time permitted by
operation of the terms of its charter or any agreement, instrument, judgment,
decree, order, statute, rule or governmental regulation applicable to that
Subsidiary, (d) any after-tax gains or losses attributable to Asset Sales or
returned surplus assets of any Pension Plan, and (e) (to the extent not included
in clauses (a) through (d) above) any net extraordinary gains or net
extraordinary losses.

         "CONSOLIDATED TOTAL DEBT" means, as at any date of determination, the
aggregate stated balance sheet amount of all Indebtedness of Company and its
Subsidiaries determined on a consolidated basis in accordance with GAAP.

         "CONSOLIDATED WORKING CAPITAL" means, as at any date of determination,
the excess of Consolidated Current Assets over Consolidated Current Liabilities.

         "CONSOLIDATED WORKING CAPITAL ADJUSTMENT" means, for any period on a
consolidated basis, the amount (which may be a negative number) by which
Consolidated Working Capital as of the beginning of such period exceeds (or is
less than) Consolidated Working Capital as of the end of such period.

         "CONTRACTUAL OBLIGATION" means, as applied to any Person, any provision
of any Security issued by that Person or of any indenture, mortgage, deed of
trust, contract, undertaking, agreement or other instrument to which that Person
is a party or by which it or any of its properties is bound or to which it or
any of its properties is subject.

         "CONTRIBUTING GUARANTORS" as defined in Section 7.2.

         "CONTROL AGREEMENT" means a control agreement, in form and substance
reasonably satisfactory to Administrative Agent and Company, executed and
delivered by the applicable Credit Party, Collateral Agent and securities
intermediary with respect to a Securities Account or bank with respect to a
Deposit Account.

         "CONVERSION/CONTINUATION DATE" means the effective date of a
continuation or conversion, as the case may be, as set forth in the applicable
Conversion/Continuation Notice.

                                       10
<PAGE>
         "CONVERSION/CONTINUATION NOTICE" means a Conversion/Continuation Notice
substantially in the form of Exhibit A-2.

         "COPYRIGHT SECURITY AGREEMENT" means a copyright security agreement
executed and delivered by each Credit Party and Collateral Agent, the form and
substance of which is reasonably satisfactory to Collateral Agent and Company.

         "COUNTERPART AGREEMENT" means a Counterpart Agreement substantially in
the form of Exhibit H delivered by a Credit Party pursuant to Section 5.14.

         "CREDIT DATE" means the date of a Credit Extension.

         "CREDIT DOCUMENT" means any of this Agreement, the Notes, if any, the
Collateral Documents, any documents or certificates executed by Company in favor
of Issuing Bank relating to Letters of Credit, and all other documents,
instruments or agreements executed and delivered by a Credit Party for the
benefit of any Agent, Issuing Bank or any Lender in connection herewith.

         "CREDIT EXTENSION" means the making of a Loan or the issuing of a
Letter of Credit.

         "CREDIT PARTY" means Company and each Person that is from time to time
a Guarantor and/or a Grantor.

         "CSFB" as defined in the preamble hereto.

         "CURRENCY AGREEMENT" means any foreign exchange contract, currency swap
agreement, futures contract, option contract, synthetic cap or other similar
agreement or arrangement, each of which is for the purpose of hedging the
foreign currency risk associated with Company's and its Subsidiaries' operations
and not for speculative purposes.

         "DEFAULT" means a condition or event that, after notice or lapse of
time or both, would constitute an Event of Default.

         "DEFAULT EXCESS" means, with respect to any Defaulting Lender, the
excess, if any, of such Defaulting Lender's Pro Rata Share of the aggregate
outstanding principal amount of Loans of all Lenders (calculated as if all
Defaulting Lenders (other than such Defaulting Lender) had funded all of their
respective Defaulted Loans) over the aggregate outstanding principal amount of
all Loans of such Defaulting Lender.

         "DEFAULT PERIOD" means, with respect to any Defaulting Lender, the
period commencing on the date of the applicable Funding Default and ending on
the earliest of the following dates: (i) the date on which all Commitments are
cancelled or terminated and/or the Obligations are declared or become
immediately due and payable, (ii) the date on which (a) the Default Excess

                                       11
<PAGE>
with respect to such Defaulting Lender shall have been reduced to zero (whether
by the funding by such Defaulting Lender of any Defaulted Loans of such
Defaulting Lender or by the non-pro rata application of any voluntary or
mandatory prepayments of the Loans in accordance with the terms of Sections 2.12
or 2.13 or by a combination thereof) and (b) such Defaulting Lender shall have
delivered to Company and Administrative Agent a written reaffirmation of its
intention to honor its obligations hereunder with respect to its Commitments and
(iii) the date on which Company, Administrative Agent and Requisite Lenders
waive all Funding Defaults of such Defaulting Lender in writing.

         "DEFAULTING LENDER" as defined in Section 2.22.

         "DEFAULTED LOAN" as defined in Section 2.22.

         "DEPOSIT ACCOUNT" means a demand, time, savings, passbook or like
account with a bank, savings and loan association, credit union or like
organization, other than an account evidenced by a negotiable certificate of
deposit.

         "DOLLARS" and the sign "$" mean the lawful money of the United States
of America.

         "DOMESTIC SUBSIDIARY" means any Subsidiary organized under the laws of
the United States of America, any State thereof or the District of Columbia.

         "ELIGIBLE ACCOUNTS" means Credit Parties' Accounts, net of any customer
deposits, unapplied cash remitted to Credit Parties and retainages; provided,
however, that Eligible Accounts excludes the following:

                  (i) Accounts that the Account Debtor has failed to pay within
         one hundred twenty (120) days of original invoice date or Accounts with
         selling terms of more than thirty (30) days;

                  (ii) Accounts owed by an Account Debtor (or its Affiliates)
         where 50% or more of all Accounts owed by that Account Debtor (or its
         Affiliates) are deemed ineligible under clause (i) above;

                  (iii) Accounts with respect to which the Account Debtor is an
         employee, Affiliate or agent of any Credit Party;

                  (iv) Accounts arising in a transaction wherein services are
         sold on any terms by reason of which the payment by the Account Debtor
         may be conditional;

                  (v) Accounts that are not payable in Dollars;

                                       12
<PAGE>
                  (vi) Accounts with respect to which the Account Debtor either
         (a) does not maintain its chief executive office in the United States,
         (b) is not organized under the laws of the United States or any state
         thereof or (c) is the government of any foreign country or sovereign
         state, or of any state, province, municipality or other political
         subdivision thereof, or of any department, agency, public corporation
         or other instrumentality thereof, unless (i) the Account is supported
         by an irrevocable letter of credit reasonably satisfactory to
         Administrative Agent (as to form, substance and issuer or domestic
         confirming bank) that has been delivered to Administrative Agent and is
         directly drawable by Administrative Agent, or (ii) the Account is
         covered by credit insurance in form, substance and amount, and by an
         insurer, reasonably satisfactory to Administrative Agent;

                  (vii) Accounts with respect to which the Account Debtor is
         either (i) the United States or any department, agency or
         instrumentality of the United States (exclusive, however, of Accounts
         with respect to which the applicable Credit Party has complied, to the
         reasonable satisfaction of Collateral Agent, with the Assignment of
         Claims Act, 31 U.S.C. Section 3727) or (ii) any state of the United
         States (exclusive, however, of (a) Accounts owed by any state that does
         not have a statutory counterpart to the Assignment of Claims Act and
         (b) Accounts owed by any state that does have a statutory counterpart
         to the Assignment of Claims Act as to which the applicable Credit Party
         has complied to Collateral Agent's reasonable satisfaction);

                  (viii) Accounts with respect to which the Account Debtor is a
         creditor of any Credit Party, has or has asserted, in writing, a right
         of return, a right of cancellation, a right of setoff or a
         counterclaim, has disputed, in writing, its liability, has asserted a
         defense to its liability, or has made any claim, in writing, with
         respect to its obligation to pay the Account, to the extent of such
         claim, defense, counterclaim, right of return, right of cancellation,
         right of setoff or dispute;

                  (ix) Accounts with respect to an Account Debtor whose total
         obligations owing to Credit Parties exceed 10% of all Eligible
         Accounts, to the extent of the obligations owing by such Account Debtor
         in excess of such percentage;

                  (x) Accounts, other than Target Accounts, with respect to
         which the Account Debtor is subject to a bankruptcy, reorganization or
         insolvency case or proceeding, is not Solvent, has gone out of business
         or as to which a Credit Party has received notice of an imminent
         bankruptcy, reorganization or insolvency case or proceeding or a
         material impairment of the financial condition of such Account Debtor;

                  (xi) Accounts with respect to which the Account Debtor is
         located in the states of New Jersey, Minnesota or West Virginia (or any
         other state that requires a creditor to file a business activity report
         or similar document in order to bring suit or otherwise

                                       13
<PAGE>
         enforce its remedies against such Account Debtor in the courts or
         through any judicial process of such state), unless the applicable
         Credit Party has qualified to do business in New Jersey, Minnesota,
         West Virginia or such other states, or has filed a business activities
         report with the applicable division of taxation, the department of
         revenue or with such other state offices, as appropriate, for the
         then-current year or is exempt from such filing requirement;

                  (xii) Accounts, other than Target Accounts, the collection of
         which Collateral Agent, in its reasonable discretion, believes to be
         doubtful by reason of the Account Debtor's financial condition;

                  (xiii) Accounts that are not subject to a First Priority Lien
         in favor of Secured Parties;

                  (xiv) Accounts with respect to which the services giving rise
         to such Account have not been performed and billed to the Account
         Debtor;

                  (xv) Accounts, other than Target Accounts, that represent the
         right to receive progress payments or other advance billings that are
         due prior to the completion of performance by Company or the applicable
         Credit Party of the subject contract for goods or services; or

                  (xvi) Accounts created by a Credit Party whose Tangible Net
         Worth is not in excess of $0.

         "ELIGIBLE ASSIGNEE" means (i) any Lender, any Affiliate of any Lender
and any Related Fund (any two or more Related Funds being treated as a single
Eligible Assignee for all purposes hereof), and (ii) any commercial bank,
insurance company, investment or mutual fund or other entity that is an
"accredited investor" (as defined in Regulation D under the Securities Act) and
which extends credit or buys loans as one of its businesses; provided, no
Affiliate of Company shall be an Eligible Assignee.

         "EMPLOYEE BENEFIT PLAN" means any "employee benefit plan" as defined in
Section 3(3) of ERISA which is or was sponsored, maintained or contributed to
by, or required to be contributed by, Company, any of its Subsidiaries or any of
their respective ERISA Affiliates.

         "ENVIRONMENTAL CLAIM" means any investigation, notice, notice of
violation, claim, action, suit, proceeding, demand, abatement order or other
order or directive (conditional or otherwise) by any Governmental Authority or
any other Person, arising (i) pursuant to or in connection with any actual or
alleged violation of any Environmental Law; (ii) in connection with any
Hazardous Material or any actual or alleged Hazardous Materials Activity; or
(iii) in connection with any actual or alleged damage, injury, threat or harm to
health, safety, natural resources or the environment.

                                       14
<PAGE>
         "ENVIRONMENTAL LAWS" means any and all current or future foreign or
domestic, federal or state (or any subdivision of either of them), statutes,
ordinances, orders, rules, regulations, judgments, Governmental Authorizations
or any other requirements of Governmental Authorities relating to (i)
environmental matters, including those relating to any Hazardous Materials
Activity; (ii) the generation, use, storage, transportation or disposal of
Hazardous Materials; or (iii) occupational safety and health, industrial
hygiene, land use or the protection of human, plant or animal health or welfare,
in any manner applicable to Company or any of its Subsidiaries or any Facility.

         "EQUIPMENT" means all of Company's and its Subsidiaries' now owned or
hereafter acquired right, title and interest with respect to equipment,
machinery, machine tools, motors, furniture, furnishings, fixtures, vehicles
(including motor vehicles), tools and parts, wherever located, including all
attachments, accessories, accessions, replacements, substitutions, additions and
improvements to any of the foregoing.

         "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and any successor thereto.

         "ERISA AFFILIATE" means, as applied to any Person, (i) any corporation
which is a member of a controlled group of corporations within the meaning of
Section 414(b) of the Internal Revenue Code of which that Person is a member;
(ii) any trade or business (whether or not incorporated) which is a member of a
group of trades or businesses under common control within the meaning of Section
414(c) of the Internal Revenue Code of which that Person is a member; and (iii)
any member of an affiliated service group within the meaning of Section 414(m)
or (o) of the Internal Revenue Code of which that Person, any corporation
described in clause (i) above or any trade or business described in clause (ii)
above is a member. Any former ERISA Affiliate of Company or any of its
Subsidiaries shall continue to be considered an ERISA Affiliate of Company or
any such Subsidiary within the meaning of this definition with respect to the
period such entity was an ERISA Affiliate of Company or such Subsidiary and with
respect to liabilities arising after such period for which Company or such
Subsidiary could be liable under the Internal Revenue Code or ERISA.

         "ERISA EVENT" means (i) a "reportable event" within the meaning of
Section 4043 of ERISA and the regulations issued thereunder with respect to any
Pension Plan (excluding those for which the provision for 30-day notice to the
PBGC has been waived by regulation); (ii) the failure to meet the minimum
funding standard of Section 412 of the Internal Revenue Code with respect to any
Pension Plan (whether or not waived in accordance with Section 412(d) of the
Internal Revenue Code) or the failure to make by its due date a required
installment under Section 412(m) of the Internal Revenue Code with respect to
any Pension Plan or the failure to make any required contribution to a
Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan
pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such
plan in a distress termination described in Section 4041(c) of ERISA; (iv) the
withdrawal

                                       15
<PAGE>
by Company, any of its Subsidiaries or any of their respective ERISA Affiliates
from any Pension Plan with two or more contributing sponsors or the termination
of any such Pension Plan resulting in liability to Company, any of its
Subsidiaries or any of their respective Affiliates pursuant to Section 4063 or
4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate any
Pension Plan, or the occurrence of any event or condition which might constitute
grounds under ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (vi) the imposition of liability on Company, any
of its Subsidiaries or any of their respective ERISA Affiliates pursuant to
Section 4062(e) or 4069 of ERISA or by reason of the application of Section
4212(c) of ERISA; (vii) the withdrawal of Company, any of its Subsidiaries or
any of their respective ERISA Affiliates in a complete or partial withdrawal
(within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer
Plan if there is any potential liability therefore, or the receipt by Company,
any of its Subsidiaries or any of their respective ERISA Affiliates of notice
from any Multiemployer Plan that it is in reorganization or insolvency pursuant
to Section 4241 or 4245 of ERISA, or that it intends to terminate or has
terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an act
or omission which could give rise to the imposition on Company, any of its
Subsidiaries or any of their respective ERISA Affiliates of material fines,
penalties, taxes or related charges under Chapter 43 of the Internal Revenue
Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA
in respect of any Employee Benefit Plan; (ix) the assertion of a material claim
(other than routine claims for benefits) against any Employee Benefit Plan other
than a Multiemployer Plan or the assets thereof, or against Company, any of its
Subsidiaries or any of their respective ERISA Affiliates in connection with any
Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice
of the failure of any Pension Plan (or any other Employee Benefit Plan intended
to be qualified under Section 401(a) of the Internal Revenue Code) to qualify
under Section 401(a) of the Internal Revenue Code, or of the failure of any
trust forming part of any Pension Plan to qualify for exemption from taxation
under Section 501(a) of the Internal Revenue Code, which failure cannot be
corrected without a material expenditure by Company or its Subsidiaries or the
imposition of a material fine or penalty; or (xi) the imposition of a Lien
pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or
pursuant to ERISA with respect to any Pension Plan.

         "EURODOLLAR RATE LOAN" means a Loan bearing interest at a rate
determined by reference to the Adjusted Eurodollar Rate.

         "EVENT OF DEFAULT" means each of the conditions or events set forth in
Section 8.1.

         "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended
from time to time, and any successor statute.

         "EXISTING INDEBTEDNESS" means Indebtedness and other obligations
outstanding under that certain Loan and Security Agreement dated as of February
15, 2002 between Company,

                                       16
<PAGE>
certain of Company's Subsidiaries and Foothill Capital Corporation, as amended
prior to the Closing Date.

         "FACILITY" means any real property (including all buildings, fixtures
or other improvements located thereon) now, hereafter or heretofore owned,
leased, operated or used by Company or any of its Subsidiaries or any of their
respective predecessors or Affiliates.

         "FAIR SHARE" means, with respect to a Contributing Guarantor as of any
date of determination, an amount equal to (a) the ratio of (i) the Fair Share
Contribution Amount with respect to such Contributing Guarantor to (ii) the
aggregate of the Fair Share Contribution Amounts with respect to all
Contributing Guarantors multiplied by (b) the aggregate amount paid or
distributed on or before such date by all Funding Guarantors under the Guaranty
in respect of the Guaranteed Obligations.

         "FAIR SHARE CONTRIBUTION AMOUNT" means, with respect to a Contributing
Guarantor as of any date of determination, the maximum aggregate amount of the
Obligations of such Contributing Guarantor under the Guaranty that would not
render its Obligations hereunder or thereunder subject to avoidance as a
fraudulent transfer or conveyance under Section 548 of the Bankruptcy or any
comparable applicable provisions of state law; provided, solely for purposes of
calculating the Fair Share Contribution Amount with respect to any Contributing
Guarantor for purposes of Section 7.2, any assets or liabilities of such
Contributing Guarantor arising by virtue of any rights to subrogation,
reimbursement or indemnification or any rights to or Obligations of contribution
hereunder shall not be considered as assets or liabilities of such Contributing
Guarantor.

         "FAIR SHARE SHORTFALL" means, with respect to a Contributing Guarantor
as of any date of determination, the excess, if any, of the Fair Share of such
Contributing Guarantor over the Aggregate Payments of such Contributing
Guarantor.

         "FEDERAL FUNDS EFFECTIVE RATE" means, for any day, the rate per annum
(expressed as a decimal, rounded upwards, if necessary, to the next higher 1/100
of 1%) equal to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal
funds brokers on such day, as published by the Federal Reserve Bank of New York
on the Business Day next succeeding such day; provided, (i) if such day is not a
Business Day, the Federal Funds Effective Rate for such day shall be such rate
on such transactions on the next preceding Business Day as so published on the
next succeeding Business Day, and (ii) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Effective Rate for such day
shall be the average rate charged to Administrative Agent, in its capacity as a
Lender, on such day on such transactions as determined by Administrative Agent.

         "FINANCIAL OFFICER CERTIFICATION" means, with respect to the financial
statements for which such certification is required, the certification of the
chief financial officer of Company

                                       17
<PAGE>
that such financial statements fairly present, in all material respects, the
financial condition of Company and its Subsidiaries as at the dates indicated
and the results of their operations and their cash flows for the periods
indicated, subject to changes resulting from audit and normal year-end
adjustments.

         "FINANCIAL PLAN" as defined in Section 5.1(i).

         "FIRST DAY" means the first day of the first Interest Period occurring
after the date of delivery of the Compliance Certificate and the financial
statements for the first Fiscal Quarter ending in 2003.

         "FIRST PRIORITY" means, with respect to any Lien purported to be
created in any Collateral pursuant to any Collateral Document, that such Lien is
duly perfected and valid and is the only Lien to which such Collateral is
subject, other than any Permitted Lien.

         "FISCAL QUARTER" means a fiscal quarter of any Fiscal Year.

         "FISCAL YEAR" means the fiscal year of Company and its Subsidiaries
ending on December 31 of each calendar year.

         "FIXED CHARGE COVERAGE RATIO" means the ratio as of the last day of any
Fiscal Quarter of (i) Consolidated Adjusted EBITDA for the four-Fiscal Quarter
period then ending to (ii) Consolidated Fixed Charges for such four-Fiscal
Quarter period.

         "FOREIGN SUBSIDIARY" means any Subsidiary that is not a Domestic
Subsidiary.

         "FUNDING DEFAULT" as defined in Section 2.22.

         "FUNDING GUARANTOR" as defined in Section 7.2.

         "FUNDING NOTICE" means a notice substantially in the form of Exhibit
A-1.

         "GAAP" means, subject to the limitations on the application thereof set
forth in Section 1.2, United States generally accepted accounting principles in
effect as of the date of determination thereof.

         "GOVERNMENTAL ACTS" means any act or omission, whether rightful or
wrongful, of any present or future de jure or de facto government or
Governmental Authority.

         "GOVERNMENTAL AUTHORITY" means any federal, state, municipal, national
or other government, governmental department, commission, board, bureau, court,
agency or instrumentality or political subdivision thereof or any entity or
officer exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to any government

                                       18
<PAGE>
or any court, in each case whether associated with a state of the United States,
the United States, or a foreign entity or government.

         "GOVERNMENTAL AUTHORIZATION" means any permit, license, authorization,
plan, directive, consent order or consent decree of or from any Governmental
Authority.

         "GRANTOR" as defined in the Pledge and Security Agreement.

         "GSCP" as defined in the preamble hereto.

         "GUARANTEED OBLIGATIONS" as defined in Section 7.1.

         "GUARANTOR" means each Domestic Subsidiary of Company other than
Immaterial Subsidiaries.

         "GUARANTY" means the guaranty of each Guarantor set forth in Section 7.

         "HAZARDOUS MATERIALS" means any chemical, material or substance,
exposure to which is prohibited, limited or regulated by any Governmental
Authority or which may or could pose a hazard to the health and safety of the
owners, occupants or any Persons in the vicinity of any Facility or to the
indoor or outdoor environment.

         "HAZARDOUS MATERIALS ACTIVITY" means any past, current, proposed or
threatened activity, event or occurrence involving any Hazardous Materials,
including the use, manufacture, possession, storage, holding, presence,
existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, construction, treatment, abatement,
removal, remediation, disposal, disposition or handling of any Hazardous
Materials, and any corrective action or response action with respect to any of
the foregoing.

         "HEDGE AGREEMENT" means an Interest Rate Agreement or a Currency
Agreement entered into with a Lender Counterparty in order to satisfy the
requirements of this Agreement or otherwise in the ordinary course of Company's
or any of its Subsidiaries' businesses.

         "HIGHEST LAWFUL RATE" means the maximum lawful interest rate, if any,
that at any time or from time to time may be contracted for, charged, or
received under the laws applicable to any Lender which are presently in effect
or, to the extent allowed by law, under such applicable laws which may hereafter
be in effect and which allow a higher maximum nonusurious interest rate than
applicable laws now allow.

         "HISTORICAL FINANCIAL STATEMENTS" means, as of the Closing Date, (i)
the audited financial statements of Company and its Subsidiaries, for the period
ended December 31, 2001, consisting of balance sheets and the related
consolidated statements of income, stockholders' equity and cash flows for such
period, and (ii) the unaudited financial statements of Company

                                       19
<PAGE>
and its Subsidiaries as of the most recently ended Fiscal Quarter, consisting of
a balance sheet and the related consolidated statements of income and cash
flows, and, in the case of clauses (i) and (ii), certified by a Financial
Officer Certification.

         "IMMATERIAL SUBSIDIARY" means (i) each Subsidiary of Company identified
on Schedule 1.1(b) and (ii) any Subsidiary of a Credit Party organized and/or
acquired after the Closing Date, provided that (x) such Subsidiary shall have
been identified in writing to Administrative Agent as an Immaterial Subsidiary,
(y) (A) the annual revenues of any Immaterial Subsidiary individually under both
clause (i) above and this clause (ii) shall not exceed $1,000,000 and (B) the
aggregate annual revenues of such Immaterial Subsidiaries under both clause (i)
above and this clause (ii) shall not exceed $10,000,000, in each case during any
Fiscal Year and (z) (A) the book value of the assets of any Immaterial
Subsidiary individually under both clause (i) above and this clause (ii) shall
not exceed $1,000,000 and (B) the aggregate book value of the assets of all such
Immaterial Subsidiaries under both clause (i) above and this clause (ii) shall
not exceed $10,000,000, in each case at any time.

         "INCREASED-COST LENDER" as defined in Section 2.23.

         "INDEBTEDNESS", as applied to any Person, means, without duplication,
(i) all indebtedness for borrowed money; (ii) that portion of obligations with
respect to Capital Leases that is properly classified as a liability on a
balance sheet in conformity with GAAP; (iii) notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for
borrowed money; (iv) any obligation owed for all or any part of the deferred
purchase price of property or services (excluding any such obligations incurred
under ERISA), which purchase price is (a) due more than six months from the date
of incurrence of the obligation in respect thereof or (b) evidenced by a note or
similar written instrument; (v) all indebtedness secured by any Lien on any
property or asset owned or held by that Person regardless of whether the
indebtedness secured thereby shall have been assumed by that Person or is
nonrecourse to the credit of that Person; (vi) the face amount of any letter of
credit issued for the account of that Person or as to which that Person is
otherwise liable for reimbursement of drawings; (vii) the direct or indirect
guaranty, endorsement (otherwise than for collection or deposit in the ordinary
course of business), co-making, discounting with recourse or sale with recourse
by such Person of the obligation of another; (viii) any obligation of such
Person the primary purpose or intent of which is to provide assurance to an
obligee that the obligation of the obligor thereof will be paid or discharged,
or any agreement relating thereto will be complied with, or the holders thereof
will be protected (in whole or in part) against loss in respect thereof; and
(ix) any liability of such Person for the obligation of another through any
agreement (contingent or otherwise) (a) to purchase, repurchase or otherwise
acquire such obligation or any security therefor, or to provide funds for the
payment or discharge of such obligation (whether in the form of loans, advances,
stock purchases, capital contributions or otherwise) or (b) to maintain the
solvency or any balance sheet item, level of income or financial condition of
another if, in the case of any agreement described under subclauses (a) or (b)
of this clause (ix),

                                       20
<PAGE>
the primary purpose or intent thereof is as described in clause (viii) above;
and (x) obligations of such Person in respect of any exchange traded or over the
counter derivative transaction, including, without limitation, any Interest Rate
Agreement and Currency Agreement, whether entered into for hedging or
speculative purposes; provided, in no event shall obligations under any Interest
Rate Agreement and any Currency Agreement be deemed "Indebtedness" for any
purpose under Section 6.8.

         "INDEMNIFIED LIABILITIES" means, collectively, any and all liabilities,
obligations, losses, damages (including natural resource damages), penalties,
claims (including Environmental Claims), reasonable costs (including the costs
of any investigation, study, sampling, testing, abatement, cleanup, removal,
remediation or other response action necessary to remove, remediate, clean up or
abate any Hazardous Materials Activity), reasonable expenses and disbursements
of any kind or nature whatsoever (including the reasonable fees and
disbursements of counsel for Indemnitees in connection with any investigative,
administrative or judicial proceeding commenced or threatened by any Person,
whether or not any such Indemnitee shall be designated as a party or a potential
party thereto, and any reasonable fees or expenses incurred by Indemnitees in
enforcing the indemnity in Section 10.3), whether direct, indirect or
consequential and whether based on any federal, state or foreign laws, statutes,
rules or regulations (including securities and commercial laws, statutes, rules
or regulations and Environmental Laws), on common law or equitable cause or on
contract or otherwise, that may be imposed on, incurred by or asserted against
any such Indemnitee, in any manner relating to or arising out of (i) this
Agreement or the other Credit Documents or the transactions contemplated hereby
or thereby (including Lenders' agreement to make Credit Extensions or the use or
intended use of the proceeds thereof, or any enforcement of any of the Credit
Documents (including any sale of, collection from or other realization upon any
of the Collateral or the enforcement of the Guaranty)); (ii) the statements
contained in the commitment letter delivered by any Lender to Company with
respect to the transactions contemplated by this Agreement; or (iii) any
Environmental Claim or any Hazardous Materials Activity relating to or arising
from, directly or indirectly, any past or present activity, operation, land
ownership or practice of Company or any of its Subsidiaries.

         "INDEMNITEE" as defined in Section 10.3.

         "INSTALLMENT" as defined in Section 2.11(a).

         "INSTALLMENT DATE" as defined in Section 2.11(a).

         "INTANGIBLE ASSETS" means, with respect to any Person, that portion of
the book value of all of such Person's assets that would be treated as
intangibles under GAAP.

         "INTELLECTUAL PROPERTY" shall have the meaning assigned to such term in
the Pledge and Security Agreement.

                                       21
<PAGE>
         "INTEREST PAYMENT DATE" means with respect to (i) any Base Rate Loan,
each March 31, June 30, September 30 and December 31 of each year, commencing on
December 31, 2002, and the final maturity date of such Loan; and (ii) any
Eurodollar Rate Loan, the last day of each Interest Period applicable to such
Loan; provided, in the case of each Interest Period of longer than three months
"Interest Payment Date" shall also include each date that is three months, or an
integral multiple thereof, after the commencement of such Interest Period.

         "INTEREST PERIOD" means, in connection with a Eurodollar Rate Loan, an
interest period of one, two, three, six or nine-months, as selected by Company
in the applicable Funding Notice or Conversion/Continuation Notice, (i)
initially commencing on the Credit Date or Conversion/Continuation Date thereof,
as the case may be; and (ii) thereafter commencing on the day on which the
immediately preceding Interest Period expires; provided, (a) if an Interest
Period would otherwise expire on a day that is not a Business Day, such Interest
Period shall expire on the next succeeding Business Day unless no further
Business Day occurs in such month, in which case such Interest Period shall
expire on the immediately preceding Business Day; (b) any Interest Period that
begins on the last Business Day of a calendar month (or on a day for which there
is no numerically corresponding day in the calendar month at the end of such
Interest Period) shall, subject to clauses (c) and (d) of this definition, end
on the last Business Day of a calendar month; (c) no Interest Period with
respect to any portion of the Term Loans shall extend beyond the Term Loan
Maturity Date; and (d) no Interest Period with respect to any portion of the
Revolving Loans shall extend beyond the Revolving Commitment Termination Date.

         "INTEREST RATE AGREEMENT" means any interest rate swap agreement,
interest rate cap agreement, interest rate collar agreement, interest rate
hedging agreement or other similar agreement or arrangement, each of which is
for the purpose of hedging the interest rate exposure associated with Company's
and its Subsidiaries' operations and not for speculative purposes.

         "INTEREST RATE DETERMINATION DATE" means, with respect to any Interest
Period, the date that is two Business Days prior to the first day of such
Interest Period.

         "INTERNAL REVENUE CODE" means the Internal Revenue Code of 1986, as
amended to the date hereof and from time to time hereafter, and any successor
statute.

         "INVENTORY" means all of Company's and its Subsidiaries' now owned or
hereafter acquired right, title and interest with respect to inventory,
including goods held for sale or lease or to be furnished under a contract of
service, goods that are leased by Company or any of its Subsidiaries as lessor,
goods that are furnished by Company or any of its Subsidiaries under a contract
of service and raw materials, work in process or materials used or consumed in
Company's or any of its Subsidiaries' business.

         "INVESTMENT" means (i) any direct or indirect purchase or other
acquisition of, or of a beneficial interest in, any of the Securities of any
other Person (other than any Credit Party); (ii) any direct or indirect
redemption, retirement, purchase or other acquisition for value from

                                       22
<PAGE>
any Person (other than any Credit Party) of any Capital Stock of such Person;
and (iii) any direct or indirect loan, advance (other than advances to employees
for moving, entertainment and travel expenses, drawing accounts and similar
expenditures in the ordinary course of business) or capital contribution to any
other Person (other than any Credit Party), including all indebtedness and
accounts receivable from that other Person that are not current assets or did
not arise from sales to that other Person in the ordinary course of business.
The amount of any Investment shall be the original cost of such Investment plus
the cost of all additions thereto, without any adjustments for increases or
decreases in value, or write-ups, write-downs or write-offs with respect to such
Investment.

         "ISSUANCE NOTICE" means an Issuance Notice substantially in the form of
Exhibit A-3.

         "ISSUING BANK" means GSCP as Issuing Bank hereunder, together with its
permitted successors and assigns in such capacity, or such other Lender from
time to time designated by Company and GSCP, which has agreed in writing to act
as Issuing Bank hereunder.

         "JOINT VENTURE" means a joint venture, partnership or other similar
arrangement, whether in corporate, partnership or other legal form; provided, in
no event shall any corporate Subsidiary of any Person be considered to be a
Joint Venture to which such Person is a party.

         "LAB SPECIALISTS NOTE" means the $40,000,000 7% Senior Unsecured Note
dated February 1, 2002 issued by Kroll Laboratory Specialists Inc. to KCMS,
Inc., as assignee of Kroll Laboratory Specialists of America, Inc.

         "LANDLORD CONSENT AND ESTOPPEL" means, with respect to any Leasehold
Property, a letter, certificate or other instrument in writing from the lessor
under the related lease, pursuant to which, among other things, the landlord
consents to the granting of a Mortgage on such Leasehold Property by the Credit
Party tenant, such Landlord Consent and Estoppel to be in form and substance
acceptable to Collateral Agent in its reasonable discretion.

         "LEASEHOLD PROPERTY" means any leasehold interest of any Credit Party
as lessee under any lease of real property, other than any such leasehold
interest designated from time to time by Collateral Agent in its reasonable
judgment as not being required to be included in the Collateral.

         "LENDER" means each financial institution listed on the signature pages
hereto as a Lender, and any other Person that becomes a party hereto pursuant to
an Assignment Agreement.

         "LENDER COUNTERPARTY" means each Lender or any Affiliate of a Lender
counterparty to a Hedge Agreement.

         "LETTER OF CREDIT" means a commercial or standby letter of credit
issued or to be issued by Issuing Bank pursuant to this Agreement.

                                       23
<PAGE>
         "LETTER OF CREDIT SUBLIMIT" means the lesser of (i) $5,000,000 and (ii)
the aggregate unused amount of the Revolving Commitments then in effect.

         "LETTER OF CREDIT USAGE" means, as at any date of determination, the
sum of (i) the maximum aggregate amount which is, or at any time thereafter may
become, available for drawing under all Letters of Credit then outstanding and
(ii) the aggregate amount of all drawings under Letters of Credit honored by
Issuing Bank and not theretofore reimbursed by or on behalf of Company.

         "LEVERAGE RATIO" means the ratio as of the last day of any Fiscal
Quarter of (i) Consolidated Total Debt as of such day to (ii) Consolidated
Adjusted EBITDA for the four-Fiscal Quarter period ending on such date.

         "LEVERAGE RATIO LEVEL" means the level set forth on the table below
corresponding to the Leverage Ratio as of the last day of the most
recently-ended Fiscal Quarter:

<TABLE>
<CAPTION>
                  LEVEL            LEVERAGE RATIO
                  -----            --------------
<S>                                <C>
                  1                >2.0:1.0
                  2                <2.0:1.0
                                   -
                                   >1.5:1.0
                                   -
                  3                <1.5:1.0
                                   >1.0:1.0
                                   -
                  4                <1.0:1.0
</TABLE>

         "LIEN" means (i) any lien, mortgage, pledge, assignment, security
interest, charge or encumbrance of any kind (including any agreement to give any
of the foregoing, any conditional sale or other title retention agreement, and
any lease in the nature thereof) and any option, trust or other preferential
arrangement having the practical effect of any of the foregoing and (ii) in the
case of Securities, any purchase option, call or similar right of a third party
with respect to such Securities.

         "LOAN" means a Term Loan or a Revolving Loan.

         "MARGIN STOCK" as defined in Regulation U of the Board of Governors of
the Federal Reserve System as in effect from time to time.

         "MATERIAL ADVERSE EFFECT" means a material adverse effect on (i) the
business operations, properties, assets, condition (financial or otherwise) or
prospects of Company and its Subsidiaries taken as a whole; (ii) a significant
portion of the industry or business segment in which Company or its Subsidiaries
operate or rely upon if such effect or development is reasonably likely to have
a material adverse effect on Company and its Subsidiaries taken as a whole;
(iii) the ability of any Credit Party to fully and timely perform its
Obligations; (iv) the legality, validity, binding effect or enforceability
against a Credit Party of a Credit Document to

                                       24
<PAGE>
which it is a party; or (v) the rights, remedies and benefits available to, or
conferred upon, any Agent and any Lender or any Secured Party under any Credit
Document.

         "MATERIAL CONTRACT" means any contract or other arrangement to which
Company or any of its Subsidiaries is a party (other than the Credit Documents)
for which breach, nonperformance, cancellation or failure to renew would
reasonably be expected to have a Material Adverse Effect.

         "MATERIAL REAL ESTATE ASSET" means (i) (a) any fee-owned Real Estate
Asset having a fair market value in excess of $1,000,000 as of the date of the
acquisition thereof and (b) all Leasehold Properties other than those with
respect to which the aggregate payments under the term of the lease are less
than $1,000,000 per annum or (ii) any Real Estate Asset that the Requisite
Lenders have reasonably determined is material to the business, operations,
properties, assets, condition (financial or otherwise) or prospects of Company
and its Subsidiaries taken as a whole.

         "MOODY'S" means Moody's Investor Services, Inc.

         "MORTGAGE" means a Mortgage in form and substance acceptable to the
Administrative Agent in its reasonable discretion, as it may be amended,
supplemented or otherwise modified from time to time.

         "MULTIEMPLOYER PLAN" means any Employee Benefit Plan which is a
"multiemployer plan" as defined in Section 3(37) of ERISA.

         "NAIC" means The National Association of Insurance Commissioners and
any successor thereto.

         "NET ASSET SALE PROCEEDS" means, with respect to any Asset Sale, an
amount equal to: (i) Cash payments (including any Cash received by way of
deferred payment pursuant to, or by monetization of, a note receivable or
otherwise, but only as and when so received) received by Company or any of its
Subsidiaries from such Asset Sale minus (ii) any bona fide direct costs incurred
in connection with such Asset Sale, including (a) income or gains taxes payable
by the seller as a result of any gain recognized in connection with such Asset
Sale, (b) payment of the outstanding principal amount of, premium or penalty, if
any, and interest on any Indebtedness (other than the Loans) that is secured by
a Lien on the stock or assets in question and that is required to be repaid
under the terms thereof as a result of such Asset Sale, (c) a reasonable reserve
for any indemnification payments (fixed or contingent) attributable to seller's
indemnities and representations and warranties to purchaser in respect of such
Asset Sale undertaken by Company or any of its Subsidiaries in connection with
such Asset Sale and (d) the fees, commissions and other transaction costs
incurred in connection with such Asset Sale.

                                       25
<PAGE>
         "NET INSURANCE/CONDEMNATION PROCEEDS" means an amount equal to: (i) any
Cash payments or proceeds received by Company or any of its Subsidiaries (a)
under any casualty insurance policy in respect of a covered loss thereunder or
(b) as a result of the taking of any assets of Company or any of its
Subsidiaries by any Person pursuant to the power of eminent domain, condemnation
or otherwise, or pursuant to a sale of any such assets to a purchaser with such
power under threat of such a taking, minus (ii) (a) any actual and reasonable
costs incurred by Company or any of its Subsidiaries in connection with the
adjustment or settlement of any claims of Company or such Subsidiary in respect
thereof and (b) any bona fide direct costs incurred in connection with any sale
of such assets as referred to in clause (i)(b) of this definition, including
income taxes payable as a result of any gain recognized in connection therewith.

         "NON-CONSENTING LENDER" as defined in Section 2.23.

         "NON-US LENDER" as defined in Section 2.20(c).

         "NOTE" means a Term Loan Note or a Revolving Loan Note.

         "NOTICE" means a Funding Notice, an Issuance Notice, or a Conversion/
Continuation Notice.

         "OBLIGATIONS" means all obligations of every nature of each Credit
Party from time to time owed to the Agents (including former Agents), the
Lenders or any of them and Lender Counterparties under any Credit Document or
Hedge Agreement (including, without limitation, with respect to a Hedge
Agreement, obligations owed thereunder to any Person who was a Lender or an
Affiliate of a Lender at the time such Hedge Agreement was entered into),
whether for principal, interest (including interest which, but for the filing of
a petition in bankruptcy with respect to such Credit Party, would have accrued
on any Obligation, whether or not a claim is allowed against such Credit Party
for such interest in the related bankruptcy proceeding), reimbursement of
amounts drawn under Letters of Credit, payments for early termination of Hedge
Agreements, fees, expenses, indemnification or otherwise.

         "OBLIGEE GUARANTOR" as defined in Section 7.7.

         "ORGANIZATIONAL DOCUMENTS" means (i) with respect to any corporation,
its certificate or articles of incorporation or organization, as amended, and
its by-laws, as amended, (ii) with respect to any limited partnership, its
certificate of limited partnership, as amended, and its partnership agreement,
as amended, (iii) with respect to any general partnership, its partnership
agreement, as amended, and (iv) with respect to any limited liability company,
its certificate of formation, as amended, and its operating agreement, as
amended. In the event any term or condition of this Agreement or any other
Credit Document requires any Organizational Document to be certified by a
secretary of state or similar governmental official, the reference to

                                       26
<PAGE>
any such "Organizational Document" shall only be to a document of a type
customarily certified by such governmental official.

         "PBGC" means the Pension Benefit Guaranty Corporation or any successor
thereto.

         "PENSION PLAN" means any Employee Benefit Plan, other than a
Multiemployer Plan, which is subject to Section 412 of the Internal Revenue Code
or Section 302 of ERISA.

         "PERMITTED ACQUISITION" means any acquisition by Company or any of its
wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or
substantially all of the assets of, all of the Capital Stock of, or a business
line or unit or a division of, any Person; provided,

                  (i) immediately prior to, and after giving effect thereto, no
         Default or Event of Default shall have occurred and be continuing or
         would result therefrom;

                  (ii) all transactions in connection therewith shall be
         consummated, in all material respects, in accordance with all
         applicable laws and in conformity with all applicable Governmental
         Authorizations;

                  (iii) in the case of the acquisition of Capital Stock, all of
         the Capital Stock (except for any such Securities in the nature of
         directors' qualifying shares required pursuant to applicable law)
         acquired or otherwise issued by such Person or any newly formed
         Subsidiary of Company in connection with such acquisition shall be
         owned 100% by a Credit Party and Company shall have taken, or caused to
         be taken, as of the date such Person becomes a Subsidiary of Company,
         each of the actions set forth in Sections 5.13 and/or 5.14, as
         applicable;

                  (iv) Credit Parties shall be in compliance with the financial
         covenants set forth in Section 6.8 on a pro forma basis after giving
         effect to such acquisition as of the last day of the Fiscal Quarter
         most recently ended (as determined in accordance with Section 6.8(f));

                  (v) Company shall have delivered to Administrative Agent (A)
         at least ten (10) Business Days prior to such proposed acquisition, a
         Compliance Certificate evidencing compliance with Section 6.8 as
         required under clause (iv) above, together with all relevant financial
         information with respect to such acquired assets, including, without
         limitation, the aggregate consideration for such acquisition and any
         other information required to demonstrate compliance with Section 6.8;

                  (vi) any Person or assets or division as acquired in
         accordance herewith (y) shall be in the same or reasonably related
         business or lines of business in which Company and/or its Subsidiaries
         are engaged as of the Closing Date and (z) shall have

                                       27
<PAGE>
         generated positive cash flow for the four quarter period most recently
         ended prior to the date of such acquisition; and

                  (vii) any Accounts of such Person shall not be included in the
         Borrowing Base unless and until Company so requests and Administrative
         Agent shall have conducted an audit of the Accounts of such Person and
         has, in its sole discretion, elected to include such Accounts in the
         Borrowing Base.

         "PERMITTED LIENS" means each of the Liens permitted pursuant to Section
6.2.

         "PERMITTED PROTEST" means the right of the applicable Credit Party to
protest any rental payment, provided that: (a) a reserve with respect to such
obligation is established on the books in such amount as is required under GAAP,
(b) any such protest is instituted promptly and prosecuted diligently by the
applicable Credit Party in good faith and (c) Administrative Agent is satisfied
that, while any such protest is pending, it is not likely that there will be any
impairment of the enforceability, validity or priority of any of Lenders' Liens.

         "PERSON" means and includes natural persons, corporations, limited
partnerships, general partnerships, limited liability companies, limited
liability partnerships, joint stock companies, Joint Ventures, associations,
companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Authorities.

         "PLEDGE AND SECURITY AGREEMENT" means the Pledge and Security Agreement
to be executed by Company and each Guarantor substantially in the form of
Exhibit I, as it may be amended, supplemented or otherwise modified from time to
time.

         "POST-CLOSING DATE MORTGAGED PROPERTY" as defined in Section 3.3(a).

         "PRIME RATE" means the rate of interest per annum that CSFB announces
from time to time as its prime lending rate, as in effect from time to time. The
Prime Rate is a reference rate and does not necessarily represent the lowest or
best rate actually charged to any customer. GSCP or any other Lender may make
commercial loans or other loans at rates of interest at, above or below the
Prime Rate.

         "PRINCIPAL OFFICE" means, for each of Administrative Agent and Issuing
Bank, such Person's "Principal Office" as set forth on Appendix B, or such other
office as such Person may from time to time designate in writing to Company,
Administrative Agent and each Lender.

         "PROJECTIONS" as defined in Section 4.8.

         "PRO RATA SHARE" means (i) with respect to all payments, computations
and other matters relating to the Term Loan of any Lender, the percentage
obtained by dividing (a) the Term Loan Exposure of that Lender by (b) the
aggregate Term Loan Exposure of all Lenders;

                                       28
<PAGE>
and (ii) with respect to all payments, computations and other matters relating
to the Revolving Commitment or Revolving Loans of any Lender or any Letters of
Credit issued or participations purchased therein by any Lender, the percentage
obtained by dividing (a) the Revolving Exposure of that Lender by (b) the
aggregate Revolving Exposure of all Lenders. For all other purposes with respect
to each Lender, "Pro Rata Share" means the percentage obtained by dividing (A)
an amount equal to the sum of the Term Loan Exposure and the Revolving Exposure
of that Lender by (B) an amount equal to the sum of the aggregate Term Loan
Exposure and the aggregate Revolving Exposure of all Lenders.

         "PURCHASE AGREEMENT" means the Purchase Agreement, dated September 5,
2002, among Company and Sellers.

         "RATING TIER" means the tier set forth below corresponding to Company's
rating for senior secured debt as determined by S&P and Moody's; provided that,
if there is a split between the ratings, then the Rating Tier shall be the tier
set forth below corresponding to the lower of the two ratings:

<TABLE>
<CAPTION>
                  TIER             RATING
<S>                                <C>
                  ----             ------
                  I                >BB+/Ba2
                                   -
                  II               BB/Ba2
                  III              BB-/Ba3
                  IV               BB-/B1 or B+/Ba3
                  V                <B+/B1
                                   -
</TABLE>

         "REAL ESTATE ASSET" means, at any time of determination, any interest
(fee, leasehold or otherwise) then owned by any Credit Party in any real
property.

         "REAL PROPERTY SECURITY AGREEMENT" means a security agreement entered
into by Company and Guarantors and granting Secured Parties a First Priority
Lien in the Material Real Estate Assets of Company and Guarantors.

         "RECORD DOCUMENT" means, with respect to any Leasehold Property, (i)
the lease evidencing such Leasehold Property or a memorandum thereof, executed
and acknowledged by the owner of the affected real property, as lessor, or (ii)
if such Leasehold Property was acquired or subleased from the holder of a
Recorded Leasehold Interest, the applicable assignment or sublease document,
executed and acknowledged by such holder, in each case in form sufficient to
give such constructive notice upon recordation and otherwise in form reasonably
satisfactory to Collateral Agent.

         "RECORDED LEASEHOLD INTEREST" means a Leasehold Property with respect
to which a Record Document has been recorded in all places necessary or
desirable, in Administrative

                                       29
<PAGE>
Agent's reasonable judgment, to give constructive notice of such Leasehold
Property to third-party purchasers and encumbrances of the affected real
property.

         "REGISTER" as defined in Section 2.6(b).

         "REGULATION D" means Regulation D of the Board of Governors of the
Federal Reserve System, as in effect from time to time.

         "REIMBURSEMENT DATE" as defined in Section 2.3(d).

         "RELATED AGREEMENTS" means, collectively, (i) the Purchase Agreement,
(ii) the Termination, Amendment and Consent and (iii) the Allonge to 6% Senior
Secured Subordinated Convertible Note dated November 14, 2001 issued by Company
to Palisade Concentrated Equity Partnership, L.P. and, in each of the cases (i)
- (iii), any agreements, instruments or other documents executed and delivered,
or required to be executed and delivered, in connection therewith.

         "RELATED FUND" means, with respect to any Lender that is an investment
fund, any other investment fund that invests in commercial loans and that is
managed or advised by the same investment advisor as such Lender or by an
Affiliate of such investment advisor.

         "RELEASE" means any release, spill, emission, leaking, pumping,
pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping,
leaching or migration of any Hazardous Material into the indoor or outdoor
environment (including the abandonment or disposal of any barrels, containers or
other closed receptacles containing any Hazardous Material), including the
movement of any Hazardous Material through the air, soil, surface water or
groundwater.

         "REPLACEMENT LENDER" as defined in Section 2.23.

         "REQUISITE CLASS LENDERS" means, at any time of determination, (i) for
the Class of Lenders having Term Loan Exposure, Lenders holding more than 50% of
the aggregate Term Loan Exposure of all Lenders and (ii) for the Class of
Lenders having Revolving Exposure, Lenders holding more than 50% of the
aggregate Revolving Exposure of all Lenders.

         "REQUISITE LENDERS" means one or more Lenders having or holding Term
Loan Exposure and/or Revolving Exposure and representing more than 50% of the
sum of (i) the aggregate Term Loan Exposure of all Lenders and (ii) the
aggregate Revolving Exposure of all Lenders.

         "RESTRICTED JUNIOR PAYMENT" means (i) any dividend or other
distribution, direct or indirect, on account of any shares of any class of stock
of Company now or hereafter outstanding, except a dividend payable solely in
shares of stock to the holders of that stock;

                                       30
<PAGE>
(ii) any redemption, retirement, sinking fund or similar payment, purchase or
other acquisition for value, direct or indirect, of any shares of any class of
stock of Company now or hereafter outstanding; (iii) any payment made to retire,
or to obtain the surrender of, any outstanding warrants, options or other rights
to acquire shares of any class of stock of Company now or hereafter outstanding;
and (iv) any optional payment or prepayment of principal of, premium, if any, or
interest on, or optional redemption, purchase, retirement, defeasance (including
in-substance or legal defeasance), sinking fund or similar payment with respect
to, any Subordinated Indebtedness.

         "REVOLVING COMMITMENT" means the commitment of a Lender to make or
otherwise fund any Revolving Loan and to acquire participations in Letters of
Credit hereunder and "REVOLVING COMMITMENTS" means such commitments of all
Lenders in the aggregate. The amount of each Lender's Revolving Commitment, if
any, is set forth on Appendix A-2 or in the applicable Assignment Agreement,
subject to any adjustment or reduction pursuant to the terms and conditions
hereof. The aggregate amount of the Revolving Commitments as of the Closing Date
is $25,000,000.

         "REVOLVING COMMITMENT PERIOD" means the period from the Closing Date to
but excluding the Revolving Commitment Termination Date.

         "REVOLVING COMMITMENT TERMINATION DATE" means the earliest to occur of
(i) the third anniversary of the Closing Date, (ii) the date the Revolving
Commitments are permanently reduced to zero pursuant to Section 2.12(b) and
(iii) the date of the termination of the Revolving Commitments pursuant to
Section 8.1.

         "REVOLVING EXPOSURE" means, with respect to any Lender as of any date
of determination, (i) prior to the termination of the Revolving Commitments,
that Lender's Revolving Commitment; and (ii) after the termination of the
Revolving Commitments, the sum of (a) the aggregate outstanding principal amount
of the Revolving Loans of that Lender, (b) in the case of Issuing Bank, the
aggregate Letter of Credit Usage in respect of all Letters of Credit issued by
that Lender (net of any participations by Lenders in such Letters of Credit) and
(c) the aggregate amount of all participations by that Lender in any outstanding
Letters of Credit or any unreimbursed drawing under any Letter of Credit.

         "REVOLVING LOAN" means a Loan made by a Lender to Company pursuant to
Section 2.2(a) and/or 2.22.

         "REVOLVING LOAN NOTE" means a promissory note in the form of Exhibit
B-2, as it may be amended, supplemented or otherwise modified from time to time.

         "S&P" means Standard & Poor's Ratings Group, a division of The McGraw
Hill Corporation.

                                       31
<PAGE>
         "SECURED PARTIES" has the meaning assigned to that term in the Pledge
and Security Agreement.

         "SECURITIES" means any stock, shares, partnership interests, voting
trust certificates, certificates of interest or participation in any
profit-sharing agreement or arrangement, options, warrants, bonds, debentures,
notes, or other evidences of Indebtedness, secured or unsecured, convertible,
subordinated or otherwise, or in general any instruments commonly known as
"securities" or any certificates of interest, shares or participations in
temporary or interim certificates for the purchase or acquisition of, or any
right to subscribe to, purchase or acquire, any of the foregoing.

         "SECURITIES ACCOUNT" means a "securities account" as that term is
defined in the UCC.

         "SECURITIES ACT" means the Securities Act of 1933, as amended from time
to time, and any successor statute.

         "SELLERS" means Zolfo Cooper Acquisition, LLC, Stephen Cooper, Michael
France and Leonard LoBiondo.

         "SENIOR SUBORDINATED NOTES" means Company's unsecured Senior
Subordinated Convertible Notes due November 14, 2006, as amended on or prior to
the Closing Date.

         "SOLVENCY CERTIFICATE" means a Solvency Certificate of the chief
financial officer of Company substantially in the form of Exhibit G-2.

         "SOLVENT" means, with respect to any Credit Party, that as of the date
of determination both (i) (a) the sum of such Credit Party's debt (including
contingent liabilities) does not exceed the present fair saleable value of such
Credit Party's present assets, (b) such Credit Party's capital is not
unreasonably small in relation to its business as contemplated on the Closing
Date and reflected in the Projections or with respect to any transaction
contemplated or undertaken after the Closing Date and (c) such Person has not
incurred and does not intend to incur, or believe (nor should it reasonably
believe) that it will incur, debts beyond its ability to pay such debts as they
become due (whether at maturity or otherwise); and (ii) such Person is "solvent"
within the meaning given that term and similar terms under applicable laws
relating to fraudulent transfers and conveyances. For purposes of this
definition, the amount of any contingent liability at any time shall be computed
as the amount that, in light of all of the facts and circumstances existing at
such time, represents the amount that can reasonably be expected to become an
actual or matured liability (irrespective of whether such contingent liabilities
meet the criteria for accrual under Statement of Financial Accounting Standard
No. 5).

         "SUBJECT TRANSACTION" as defined in Section 6.8(f).

                                       32
<PAGE>

           "SUBORDINATED INDEBTEDNESS" means the Senior Subordinated Notes and
any other debt of any Credit Party or any Subsidiary thereof that is on terms
and conditions (including, without limitation, amount of debt, subordination
provisions, payment terms, interest rates, covenants, remedies, defaults and
other material terms) reasonably satisfactory to Administrative Agent and is
subject to a subordination agreement in form and substance reasonably
satisfactory to Administrative Agent, whereby the payment of such debt is
subordinated to the prior payment and satisfaction in full in cash of all of the
Obligations.

           "SUBSIDIARY" means, with respect to any Person, any corporation,
partnership, limited liability company, association, joint venture or other
business entity of which more than 50% of the total voting power of shares of
stock or other ownership interests entitled (without regard to the occurrence of
any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions)
having the power to direct or cause the direction of the management and policies
thereof is at the time owned or controlled, directly or indirectly, by that
Person or one or more of the other Subsidiaries of that Person or a combination
thereof; provided, in determining the percentage of ownership interests of any
Person controlled by another Person, no ownership interest in the nature of a
"qualifying share" of the former Person shall be deemed to be outstanding;
provided further that an Unrestricted Subsidiary shall not be a Subsidiary for
any purposes under this Agreement.

           "SYNDICATION AGENT" as defined in the preamble hereto.

           "TANGIBLE NET WORTH" means, as at any date of determination and with
respect to any Person, the result of (a) the total consolidated stockholder's
equity of such Person and its Subsidiaries determined in accordance with GAAP,
minus (b) the sum of (i) all Intangible Assets of such Person and its
Subsidiaries and (ii) all amounts due to such Person and its Subsidiaries from
Affiliates.

           "TARGET" means Zolfo Cooper, LLC, a New Jersey limited liability
company, Zolfo Cooper Holdings, Inc., a New Jersey corporation, and their
respective subsidiaries.

           "TARGET ACCOUNT" means an Account created by Target or any of its
Subsidiaries with respect to which the Account Debtor is subject to a
bankruptcy, reorganization or insolvency case or proceeding under the Bankruptcy
Code and the Account balance arises out of a contract that has been approved by
the United States Bankruptcy Court or the United States District Court, as
applicable, for payment by the Account Debtor as an administrative expense of
the Account Debtor's bankruptcy estate.

           "TAX" means any present or future tax, levy, impost, duty,
assessment, charge, fee, deduction or withholding of any nature and whatever
called, by whomsoever, on whomsoever and wherever imposed, levied, collected,
withheld or assessed; provided, "Tax on the overall net income" of a Person
shall be construed as a reference to a tax imposed by the jurisdiction in which
that Person is organized or in which that Person's applicable principal office
(and/or, in

                                       33
<PAGE>

the case of a Lender, its lending office) is located or in which that Person
(and/or, in the case of a Lender, its lending office) is deemed to be doing
business on all or part of the net income, profits or gains (whether worldwide,
or only insofar as such income, profits or gains are considered to arise in or
to relate to a particular jurisdiction, or otherwise) of that Person (and/or, in
the case of a Lender, its applicable lending office).

           "TERM LOAN" means a Term Loan made by a Lender to Company pursuant to
Section 2.1.

           "TERM LOAN COMMITMENT" means the commitment of a Lender to make or
otherwise fund a Term Loan; and "TERM LOAN COMMITMENTS" means such commitments
of all Lenders in the aggregate. The amount of each Lender's Term Loan
Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment
Agreement, subject to any adjustment or reduction pursuant to the terms and
conditions hereof. The aggregate amount of the Term Loan Commitments as of the
Closing Date is $75,000,000.

           "TERM LOAN EXPOSURE" means, with respect to any Lender, as of any
date of determination, the outstanding principal amount of the Term Loans of
such Lender; provided, at any time prior to the making of the Term Loans, the
Term Loan Exposure of any Lender shall be equal to such Lender's Term Loan
Commitment.

           "TERM LOAN MATURITY DATE" means the earlier of (i) the third
anniversary of the Closing Date and (ii) the date that all Term Loans shall
become due and payable in full hereunder, whether by acceleration or otherwise.

           "TERM LOAN NOTE" means a promissory note in the form of Exhibit B-1,
as it may be amended, supplemented or otherwise modified from time to time.

           "TERMINATED LENDER" as defined in Section 2.23.

           "TERMINATION, AMENDMENT AND CONSENT" means that certain Termination,
Amendment and Consent Agreement, dated as of September 4, 2002, between Company
and Palisade Concentrated Equity Partnership, L.P.

           "TOTAL UTILIZATION OF REVOLVING COMMITMENTS" means, as at any date of
determination, the sum of (i) the aggregate principal amount of all outstanding
Revolving Loans (other than Revolving Loans made for the purpose of reimbursing
Issuing Bank for any amount drawn under any Letter of Credit, but not yet so
applied), and (ii) the Letter of Credit Usage.

           "TRANSACTION COSTS" means the reasonable fees, costs and expenses
payable by Company or any of its Subsidiaries on or before the Closing Date in
connection with the transactions contemplated by the Credit Documents and the
Related Agreements.

                                       34
<PAGE>

           "TYPE OF LOAN" means, with respect to either Term Loans or Revolving
Loans, a Base Rate Loan or a Eurodollar Rate Loan.

           "UCC" means the Uniform Commercial Code (or any similar or equivalent
legislation) as in effect in any applicable jurisdiction.

           "UNADJUSTED EURODOLLAR RATE COMPONENT" means that component of the
interest costs to Company in respect of a Eurodollar Rate Loan that is based
upon the rate obtained pursuant to clause (i) of the definition of Adjusted
Eurodollar Rate.

           "UNRESTRICTED SUBSIDIARY" means any Person that is acquired by
Company or any of its Subsidiaries pursuant to a Permitted Acquisition (provided
that, solely for purposes of this definition of Unrestricted Subsidiary, the
requirements of clauses (iii) and (vi) of the proviso to the definition of
Permitted Acquisition need not be satisfied in order for an acquisition to
qualify as a Permitted Acquisition) consummated at any time after the Terms
Loans shall have been repaid in full, provided that (i) the consideration for
such Permitted Acquisition shall be comprised solely of Capital Stock, (ii)
following consummation of such Permitted Acquisition, such Person shall not at
any time directly, or indirectly through any other Person, cause or induce or
attempt to cause or induce any Person who is then an employee of Company or any
of its Subsidiaries at such time, or was an employee of the Company or any of
its Subsidiaries at any time within the twelve (12) month period immediately
preceding such time, to terminate his or her employment with Company, or to
become employed by or enter into an employment, consulting or similar
relationship with any other Person, or endorse or recommend to any other Person
that it employ or retain or solicit for employment or retention any such
employee and (iii) to the extent there shall arise any business opportunity of a
kind suitable for both such Person, on the one hand, and Company and its
Subsidiaries, on the other hand, such opportunity shall be allocated among such
Person, on the one hand, and Company and its Subsidiaries, on the other hand, so
as not to disproportionately disadvantage Company and its Subsidiaries (for the
avoidance of doubt, for purposes of this clause (iii), such Person shall not be
a Subsidiary of Company).

         1.2. ACCOUNTING TERMS. Except as otherwise expressly provided herein,
all accounting terms not otherwise defined herein shall have the meanings
assigned to them in conformity with GAAP. Financial statements and other
information required to be delivered by Company to Lenders pursuant to Section
5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect
at the time of such preparation (and delivered together with the reconciliation
statements provided for in Section 5.1(e), if applicable). Subject to the
foregoing, calculations in connection with the definitions, covenants and other
provisions hereof shall utilize accounting principles and policies in conformity
with those used to prepare the Historical Financial statements.

                                       35
<PAGE>

         1.3. INTERPRETATION, ETC. Any of the terms defined herein may, unless
the context otherwise requires, be used in the singular or the plural, depending
on the reference. References herein to any Section, Appendix, Schedule or
Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the
case may be, hereof unless otherwise specifically provided. The use herein of
the word "include" or "including," when following any general statement, term or
matter, shall not be construed to limit such statement, term or matter to the
specific items or matters set forth immediately following such word or to
similar items or matters, whether or not nonlimiting language (such as "without
limitation" or "but not limited to" or words of similar import) is used with
reference thereto, but rather shall be deemed to refer to all other items or
matters that fall within the broadest possible scope of such general statement,
term or matter.

SECTION 2.   LOANS AND LETTERS OF CREDIT

         2.1.     TERM LOANS.

                  (a) Loan Commitments. Subject to the terms and conditions
hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan
to Company in an amount equal to such Lender's Term Loan Commitment. Company may
make only one borrowing under the Term Loan Commitment, which shall be on the
Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently
repaid or prepaid may not be reborrowed. Subject to Section 2.12(a) and 2.13,
all amounts owed hereunder with respect to Term Loans shall be paid in full no
later than the Term Loan Maturity Date. Each Lender's Term Loan Commitment shall
terminate immediately and without further action on the Closing Date after
giving effect to the funding of such Lender's Term Loan Commitment on such date.

                  (b) Borrowing Mechanics for Term Loans.

                           (i) Company shall deliver to Administrative Agent a
         fully executed Funding Notice no later than two (2) Business Days prior
         to the Closing Date. Promptly upon receipt by Administrative Agent of
         such Funding Notice, Administrative Agent shall notify each Lender of
         the proposed borrowing.

                           (ii) Each Lender shall make its Term Loan available
         to Administrative Agent not later than 12:00 p.m. (New York City time)
         on the Closing Date, by wire transfer of same day funds in Dollars, at
         Administrative Agent's Principal Office. Upon satisfaction or waiver of
         the conditions precedent specified herein, Administrative Agent shall
         make the proceeds of the Term Loans available to Company on the Closing
         Date by causing an amount of same day funds in Dollars equal to the
         proceeds of all such Term Loans received by Administrative Agent from
         Lenders to be credited to the account of Company at Administrative
         Agent's Principal Office or to such other account as may be designated
         in writing to Administrative Agent by Company.

                                       36
<PAGE>

         2.2.     REVOLVING LOANS.

                  (a) Revolving Commitments. During the Revolving Commitment
Period, subject to the terms and conditions hereof, each Lender severally agrees
to make Revolving Loans to Company in the aggregate amount up to but not
exceeding such Lender's Revolving Commitment; provided, after giving effect to
the making of any Revolving Loans in no event shall the Total Utilization of
Revolving Commitments exceed the lesser of (i) the Revolving Commitments then in
effect and (ii) the Borrowing Base then in effect. Amounts borrowed pursuant to
this Section 2.2(a) may be repaid and reborrowed during the Revolving Commitment
Period. Each Lender's Revolving Commitment shall expire on the Revolving
Commitment Termination Date and all Revolving Loans and all other amounts owed
hereunder with respect to the Revolving Loans and the Revolving Commitments
shall be paid in full no later than such date.

                  (b) [Reserved.]

                  (c) Borrowing Mechanics for Revolving Loans.

                           (i) Except pursuant to Section 2.3(d), Revolving
         Loans that are Base Rate Loans shall be made in an aggregate minimum
         amount of $1,000,000 and integral multiples of $500,000 in excess of
         that amount, and Revolving Loans that are Eurodollar Rate Loans shall
         be in an aggregate minimum amount of $1,000,000 and integral multiples
         of $500,000 in excess of that amount.

                           (ii) Whenever Company desires that Lenders make
         Revolving Loans, Company shall deliver to Administrative Agent a fully
         executed and delivered Funding Notice no later than 10:00 a.m. (New
         York City time) at least three (3) Business Days in advance of the
         proposed Credit Date in the case of a Eurodollar Rate Loan, and at
         least one (1) Business Day in advance of the proposed Credit Date in
         the case of a Revolving Loan that is a Base Rate Loan. Except as
         otherwise provided herein, a Funding Notice for a Revolving Loan that
         is a Eurodollar Rate Loan shall, subject to Section 2.18, be
         irrevocable on and after the related Interest Rate Determination Date,
         and Company shall be bound to make a borrowing in accordance therewith.

                           (iii) Notice of receipt of each Funding Notice in
         respect of Revolving Loans, together with the amount of each Lender's
         Pro Rata Share thereof, if any, together with the applicable interest
         rate, shall be provided by Administrative Agent to each applicable
         Lender by telefacsimile with reasonable promptness, but (provided
         Administrative Agent shall have received such notice by 10:00 a.m. (New
         York City time)) not later than 2:00 p.m. (New York City time) on the
         same day as Administrative Agent's receipt of such Funding Notice from
         Company.

                                       37
<PAGE>

                           (iv) Each Lender shall make the amount of its
         Revolving Loan available to Administrative Agent not later than 12:00
         p.m. (New York City time) on the applicable Credit Date by wire
         transfer of same day funds in Dollars, at Administrative Agent's
         Principal Office. Except as provided herein, upon satisfaction or
         waiver of the conditions precedent specified herein, Administrative
         Agent shall make the proceeds of such Revolving Loans available to
         Company on the applicable Credit Date by causing an amount of same day
         funds in Dollars equal to the proceeds of all such Revolving Loans
         received by Administrative Agent from Lenders to be credited to the
         account of Company at Administrative Agent's Principal Office or such
         other account as may be designated in writing to Administrative Agent
         by Company.

         2.3. ISSUANCE OF LETTERS OF CREDIT AND PURCHASE OF PARTICIPATIONS
         THEREIN.

                  (a) Letters of Credit. During the Revolving Commitment Period,
subject to the terms and conditions hereof, Issuing Bank agrees to issue Letters
of Credit for the account of Company in the aggregate amount up to but not
exceeding the Letter of Credit Sublimit; provided, (i) each Letter of Credit
shall be denominated in Dollars; (ii) the stated amount of each Letter of Credit
shall not be less than $250,000 or such lesser amount as is acceptable to
Issuing Bank; (iii) after giving effect to such issuance, in no event shall the
Total Utilization of Revolving Commitments exceed the lesser of (a) the
Revolving Commitments then in effect and (b) the Borrowing Base; (iv) after
giving effect to such issuance, in no event shall the Letter of Credit Usage
exceed the Letter of Credit Sublimit then in effect; (v) in no event shall any
standby Letter of Credit have an expiration date later than the earlier of (1)
the Revolving Commitment Termination Date and (2) the date which is one year
from the date of issuance of such standby Letter of Credit; and (vi) in no event
shall any commercial Letter of Credit have an expiration date later than the
earlier of (1) the Revolving Commitment Termination Date and (2) the date which
is 180 days from the date of issuance of such commercial Letter of Credit or (b)
be issued if such commercial Letter of Credit is otherwise unacceptable to the
Issuing Bank in its reasonable discretion. Subject to the foregoing, Issuing
Bank may agree that a standby Letter of Credit will automatically be extended
for one or more successive periods not to exceed one year each, unless Issuing
Bank elects not to extend for any such additional period; provided, Issuing Bank
shall not extend any such Letter of Credit if it has received written notice
that an Event of Default has occurred and is continuing at the time Issuing Bank
must elect to allow such extension; and provided further, in the event a Funding
Default exists, Issuing Bank shall not be required to issue any Letter of Credit
unless Issuing Bank has entered into arrangements satisfactory to it and Company
to eliminate Issuing Bank's risk with respect to the participation in Letters of
Credit of the Defaulting Lender, including by cash collateralizing such
Defaulting Lender's Pro Rata Share of the Letter of Credit Usage.

                  (b) Notice of Issuance. Whenever Company desires the issuance
of a Letter of Credit, it shall deliver to Administrative Agent an Issuance
Notice no later than 12:00 p.m. (New York City time) at least three (3) Business
Days (in the case of standby letters of credit) or five

                                       38
<PAGE>

(5) Business Days (in the case of commercial letters of credit), or in each case
such shorter period as may be agreed to by Issuing Bank in any particular
instance, in advance of the proposed date of issuance. Upon satisfaction or
waiver of the conditions set forth in Section 3.2, Issuing Bank shall issue the
requested Letter of Credit only in accordance with Issuing Bank's standard
operating procedures. Upon the issuance of any Letter of Credit or amendment or
modification to a Letter of Credit, Issuing Bank shall promptly notify each
Lender of such issuance, which notice shall be accompanied by a copy of such
Letter of Credit or amendment or modification to a Letter of Credit and the
amount of such Lender's respective participation in such Letter of Credit
pursuant to Section 2.3(e).

                  (c) Responsibility of Issuing Bank With Respect to Requests
for Drawings and Payments. In determining whether to honor any drawing under any
Letter of Credit by the beneficiary thereof, Issuing Bank shall be responsible
only to examine the documents delivered under such Letter of Credit with
reasonable care so as to ascertain whether they appear on their face to be in
accordance with the terms and conditions of such Letter of Credit. As between
Company and Issuing Bank, Company assumes all risks of the acts and omissions
of, or misuse of the Letters of Credit issued by Issuing Bank, by the respective
beneficiaries of such Letters of Credit. In furtherance and not in limitation of
the foregoing, Issuing Bank shall not be responsible for: (i) the form,
validity, sufficiency, accuracy, genuineness or legal effect of any document
submitted by any party in connection with the application for and issuance of
any such Letter of Credit, even if it should in fact prove to be in any or all
respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) the
validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign any such Letter of Credit or the rights or
benefits thereunder or proceeds thereof, in whole or in part, which may prove to
be invalid or ineffective for any reason; (iii) failure of the beneficiary of
any such Letter of Credit to comply fully with any conditions required in order
to draw upon such Letter of Credit; (iv) errors, omissions, interruptions or
delays in transmission or delivery of any messages, by mail, cable, telegraph,
telex or otherwise, whether or not they be in cipher; (v) errors in
interpretation of technical terms; (vi) any loss or delay in the transmission or
otherwise of any document required in order to make a drawing under any such
Letter of Credit or of the proceeds thereof; (vii) the misapplication by the
beneficiary of any such Letter of Credit of the proceeds of any drawing under
such Letter of Credit; or (viii) any consequences arising from causes beyond the
control of Issuing Bank, including any Governmental Acts; none of the above
shall affect or impair, or prevent the vesting of, any of Issuing Bank's rights
or powers hereunder. Without limiting the foregoing and in furtherance thereof,
any action taken or omitted by Issuing Bank under or in connection with the
Letters of Credit or any documents and certificates delivered thereunder, if
taken or omitted in good faith and without gross negligence, shall not give rise
to any liability on the part of Issuing Bank to Company. Notwithstanding
anything to the contrary contained in this Section 2.3(c), Company shall retain
any and all rights it may have against Issuing Bank for any liability arising
solely out of the gross negligence or willful misconduct of Issuing Bank.

                                       39
<PAGE>

                  (d) Reimbursement by Company of Amounts Drawn or Paid Under
Letters of Credit. In the event Issuing Bank has determined to honor a drawing
under a Letter of Credit, it shall immediately notify Company and Administrative
Agent, and Company shall reimburse Issuing Bank on or before the Business Day
immediately following the date on which such drawing is honored (the
"REIMBURSEMENT DATE") in an amount in Dollars and in same day funds equal to the
amount of such honored drawing; provided, anything contained herein to the
contrary notwithstanding, (i) unless Company shall have notified Administrative
Agent and Issuing Bank prior to 10:00 a.m. (New York City time) on the date such
drawing is honored that Company intends to reimburse Issuing Bank for the amount
of such honored drawing with funds other than the proceeds of Revolving Loans,
Company shall be deemed to have given a timely Funding Notice to Administrative
Agent requesting Lenders to make Revolving Loans that are Base Rate Loans on the
Reimbursement Date in an amount in Dollars equal to the amount of such honored
drawing, and (ii) subject to satisfaction or waiver of the conditions specified
in Section 3.2, Lenders shall, on the Reimbursement Date, make Revolving Loans
that are Base Rate Loans in the amount of such honored drawing, the proceeds of
which shall be applied directly by Administrative Agent to reimburse Issuing
Bank for the amount of such honored drawing; and provided further, if for any
reason proceeds of Revolving Loans are not received by Issuing Bank on the
Reimbursement Date in an amount equal to the amount of such honored drawing,
Company shall reimburse Issuing Bank, on demand, in an amount in same day funds
equal to the excess of the amount of such honored drawing over the aggregate
amount of such Revolving Loans, if any, which are so received. Nothing in this
Section 2.3(d) shall be deemed to relieve any Lender from its obligation to make
Revolving Loans on the terms and conditions set forth herein, and Company shall
retain any and all rights it may have against any Lender resulting from the
failure of such Lender to make such Revolving Loans under this Section 2.3(d).

                  (e) Lenders' Purchase of Participations in Letters of Credit.
Immediately upon the issuance of each Letter of Credit, each Lender having a
Revolving Commitment shall be deemed to have purchased, and hereby agrees to
irrevocably purchase, from Issuing Bank a participation in such Letter of Credit
and any drawings honored thereunder in an amount equal to such Lender's Pro Rata
Share (with respect to the Revolving Commitments) of the maximum amount which is
or at any time may become available to be drawn thereunder. In the event that
Company shall fail for any reason to reimburse Issuing Bank as provided in
Section 2.3(d), Issuing Bank shall promptly notify each Lender of the
unreimbursed amount of such honored drawing and of such Lender's respective
participation therein based on such Lender's Pro Rata Share of the Revolving
Commitments. Each Lender shall make available to Issuing Bank an amount equal to
its respective participation, in Dollars and in same day funds, at the office of
Issuing Bank specified in such notice, not later than 12:00 p.m. (New York City
time) on the first business day (under the laws of the jurisdiction in which
such office of Issuing Bank is located) after the date notified by Issuing Bank.
In the event that any Lender fails to make available to Issuing Bank on such
business day the amount of such Lender's participation in such Letter of Credit
as provided in this Section 2.3(e), Issuing Bank shall be entitled to recover
such amount

                                       40
<PAGE>

on demand from such Lender together with interest thereon for three Business
Days at the rate customarily used by Issuing Bank for the correction of errors
among banks and thereafter at the Base Rate. Nothing in this Section 2.3(e)
shall be deemed to prejudice the right of any Lender to recover from Issuing
Bank any amounts made available by such Lender to Issuing Bank pursuant to this
Section in the event that it is determined that the payment with respect to a
Letter of Credit in respect of which payment was made by such Lender constituted
gross negligence or willful misconduct on the part of Issuing Bank. In the event
Issuing Bank shall have been reimbursed by other Lenders pursuant to this
Section 2.3(e) for all or any portion of any drawing honored by Issuing Bank
under a Letter of Credit, such Issuing Bank shall distribute to each Lender
which has paid all amounts payable by it under this Section 2.3(e) with respect
to such honored drawing such Lender's Pro Rata Share of all payments
subsequently received by Issuing Bank from Company in reimbursement of such
honored drawing when such payments are received. Any such distribution shall be
made to a Lender at its primary address set forth below its name on Appendix B
or at such other address as such Lender may request.

                  (f) Obligations Absolute. The obligation of Company to
reimburse Issuing Bank for drawings honored under the Letters of Credit issued
by it and to repay any Revolving Loans made by Lenders pursuant to Section
2.3(d) and the obligations of Lenders under Section 2.3(e) shall be
unconditional and irrevocable and shall be paid strictly in accordance with the
terms hereof under all circumstances including any of the following
circumstances: (i) any lack of validity or enforceability of any Letter of
Credit; (ii) the existence of any claim, set-off, defense or other right which
Company or any Lender may have at any time against a beneficiary or any
transferee of any Letter of Credit (or any Persons for whom any such transferee
may be acting), Issuing Bank, Lender or any other Person or, in the case of a
Lender, against Company, whether in connection herewith, the transactions
contemplated herein or any unrelated transaction (including any underlying
transaction between Company or one of its Subsidiaries and the beneficiary for
which any Letter of Credit was procured); (iii) any draft or other document
presented under any Letter of Credit proving to be forged, fraudulent, invalid
or insufficient in any respect or any statement therein being untrue or
inaccurate in any respect; (iv) payment by Issuing Bank under any Letter of
Credit against presentation of a draft or other document which does not
substantially comply with the terms of such Letter of Credit; (v) any adverse
change in the business, operations, properties, assets, condition (financial or
otherwise) or prospects of Company or any of its Subsidiaries; (vi) any breach
hereof or any other Credit Document by any party thereto; (vii) any other
circumstance or happening whatsoever, whether or not similar to any of the
foregoing; or (viii) the fact that an Event of Default or a Default shall have
occurred and be continuing; provided, in each case, that payment by Issuing Bank
under the applicable Letter of Credit shall not have constituted gross
negligence or willful misconduct of Issuing Bank under the circumstances in
question.

                  (g) Indemnification. Without duplication of any obligation of
Company under Section 10.2 or 10.3, in addition to amounts payable as provided
herein, Company hereby agrees to protect, indemnify, pay and save harmless
Issuing Bank from and against any and all claims,

                                       41
<PAGE>

demands, liabilities, damages, losses, costs, charges and reasonable expenses
(including reasonable fees, expenses and disbursements of counsel and reasonable
allocated costs of internal counsel) which Issuing Bank may incur or be subject
to as a consequence, direct or indirect, of (i) the issuance of any Letter of
Credit by Issuing Bank, other than as a result of (1) the gross negligence or
willful misconduct of Issuing Bank or (2) the wrongful dishonor by Issuing Bank
of a proper demand for payment made under any Letter of Credit issued by it, or
(ii) the failure of Issuing Bank to honor a drawing under any such Letter of
Credit as a result of any Governmental Act.

                  (h) Election for Alternate Issuance. In lieu of issuance of a
Letter of Credit by Issuing Bank as provided in this Section 2.3, Issuing Bank
may, at its election, arrange for another financial institution to issue such
Letter of Credit for the account of Issuing Bank under arrangements whereby
Company will be required to reimburse Issuing Bank with respect to any drawing
thereunder and Issuing Bank shall be entitled to all the rights and benefits of
Issuing Bank hereunder with respect of any such Letter of Credit issued by such
other financial institution.

         2.4.     PRO RATA SHARES; AVAILABILITY OF FUNDS.

                  (a) Pro Rata Shares. All Loans shall be made, and all
participations purchased, by Lenders simultaneously and proportionately to their
respective Pro Rata Shares, it being understood that no Lender shall be
responsible for any default by any other Lender in such other Lender's
obligation to make a Loan requested hereunder or purchase a participation
required hereby nor shall any Term Loan Commitment or any Revolving Commitment
of any Lender be increased or decreased as a result of a default by any other
Lender in such other Lender's obligation to make a Loan requested hereunder or
purchase a participation required hereby.

                  (b) Availability of Funds. Unless Administrative Agent shall
have been notified by any Lender prior to the applicable Credit Date that such
Lender does not intend to make available to Administrative Agent the amount of
such Lender's Loan requested on such Credit Date, Administrative Agent may
assume that such Lender has made such amount available to Administrative Agent
on such Credit Date and Administrative Agent may, in its sole discretion, but
shall not be obligated to, make available to Company a corresponding amount on
such Credit Date. If such corresponding amount is not in fact made available to
Administrative Agent by such Lender, Administrative Agent shall be entitled to
recover such corresponding amount on demand from such Lender together with
interest thereon, for each day from such Credit Date until the date such amount
is paid to Administrative Agent, at the customary rate set by Administrative
Agent for the correction of errors among banks for three Business Days and
thereafter at the Base Rate. If such Lender does not pay such corresponding
amount forthwith upon Administrative Agent's demand therefor, Administrative
Agent shall promptly notify Company and within one (1) Business Day Company
shall pay such corresponding amount to Administrative Agent together with
interest thereon, for each day from such Credit Date until the

                                       42
<PAGE>

date such amount is paid to Administrative Agent, at the rate payable hereunder
for Base Rate Loans for such Class of Loans. Nothing in this Section 2.4(b)
shall be deemed to relieve any Lender from its obligation to fulfill its Term
Loan Commitments and Revolving Commitments hereunder or to prejudice any rights
that Company may have against any Lender as a result of any default by such
Lender hereunder.

         2.5. USE OF PROCEEDS. The proceeds of the Term Loans made on the
Closing Date shall be applied by Company to finance a portion of the cash
portion of the purchase price to be paid in connection with the Acquisition. The
proceeds of the Revolving Loans and Letters of Credit made on or after the
Closing Date shall be applied by Company for working capital and general
corporate purposes of Company and its Domestic Subsidiaries. No portion of the
proceeds of any Credit Extension shall be used in any manner that causes or
might reasonably be expected to cause such Credit Extension or the application
of such proceeds to violate Regulation T, Regulation U or Regulation X of the
Board of Governors of the Federal Reserve System or any other regulation thereof
or to violate the Exchange Act.

         2.6.     EVIDENCE OF DEBT; REGISTER; LENDERS' BOOKS AND RECORDS; NOTES.

                  (a) Lenders' Evidence of Debt. Each Lender shall maintain on
its internal records an account or accounts evidencing the Indebtedness of
Company to such Lender, including the amounts of the Loans made by it and each
repayment and prepayment in respect thereof. Any such recordation shall be
conclusive and binding on Company, absent manifest error; provided, failure to
make any such recordation, or any error in such recordation, shall not affect
any Lender's Revolving Commitments or Company's Obligations in respect of any
applicable Loans; and provided further, in the event of any inconsistency
between the Register and any Lender's records, the recordations in the Register
shall govern, absent manifest error.

                  (b) Register. Administrative Agent shall maintain at its
Principal Office a register for the recordation of the names and addresses of
Lenders and the Revolving Commitments and Loans of each Lender from time to time
(the "REGISTER"). The Register shall be available for inspection by Company or
any Lender at any reasonable time and from time to time upon reasonable prior
notice. Administrative Agent shall record in the Register the Revolving
Commitments and the Loans, and each repayment or prepayment in respect of the
principal amount of the Loans, and any such recordation shall be conclusive and
binding on Company and each Lender, absent manifest error; provided, failure to
make any such recordation, or any error in such recordation, shall not affect
any Lender's Revolving Commitments or Company's Obligations in respect of any
Loan. Company hereby designates GSCP to serve as Company's agent solely for
purposes of maintaining the Register as provided in this Section 2.6, and
Company hereby agrees that, to the extent GSCP serves in such capacity, GSCP and
its officers, directors, employees, agents and affiliates shall constitute
Indemnitees.

                                       43
<PAGE>

                  (c) Notes. If so requested by any Lender by written notice to
Company (with a copy to Administrative Agent) at least two (2) Business Days
prior to the Closing Date, or at any time thereafter, Company shall execute and
deliver to such Lender (and/or, if applicable and if so specified in such
notice, to any Person who is an assignee of such Lender pursuant to Section
10.6) on the Closing Date (or, if such notice is delivered after the Closing
Date, promptly after Company's receipt of such notice) a Note or Notes to
evidence such Lender's Term Loan or Revolving Loan, as the case may be.

         2.7.     INTEREST ON LOANS.

                  (a) Except as otherwise set forth herein, each Type of Loan
shall bear interest on the unpaid principal amount thereof from the date made
through repayment (whether by acceleration or otherwise) thereof as follows:

                           (i) if a Base Rate Loan, at the Base Rate plus the
         Applicable Margin; and

                           (ii) if a Eurodollar Rate Loan, at the Adjusted
         Eurodollar Rate plus the Applicable Margin.

                  (b) The basis for determining the rate of interest with
respect to any Loan, and the Interest Period with respect to any Eurodollar Rate
Loan, shall be selected by Company and notified to Administrative Agent and
Lenders pursuant to the applicable Funding Notice or Conversion/Continuation
Notice, as the case may be; provided that the Term Loans shall initially be made
as Base Rate Loans. If on any day a Loan is outstanding with respect to which a
Funding Notice or Conversion/Continuation Notice has not been delivered to
Administrative Agent in accordance with the terms hereof specifying the
applicable basis for determining the rate of interest, then for that day such
Loan shall be a Base Rate Loan.

                  (c) In connection with Eurodollar Rate Loans there shall be no
more than five (5) Interest Periods outstanding at any time. In the event
Company fails to specify between a Base Rate Loan or a Eurodollar Rate Loan in
the applicable Funding Notice or Conversion/Continuation Notice, such Loan (if
outstanding as a Eurodollar Rate Loan) will be automatically converted into a
Base Rate Loan on the last day of the then-current Interest Period for such Loan
(or if outstanding as a Base Rate Loan will remain as, or (if not then
outstanding) will be made as, a Base Rate Loan). In the event Company fails to
specify an Interest Period for any Eurodollar Rate Loan in the applicable
Funding Notice or Conversion/Continuation Notice, Company shall be deemed to
have selected an Interest Period of one month. As soon as practicable after
10:00 a.m. (New York City time) on each Interest Rate Determination Date,
Administrative Agent shall determine (which determination shall, absent manifest
error, be final, conclusive and binding upon all parties) the interest rate that
shall apply to the Eurodollar Rate Loans for which an interest rate is then
being determined for the applicable Interest Period and shall promptly give
notice thereof (in writing or by telephone confirmed in writing) to Company and
each Lender.

                                       44
<PAGE>

                  (d) Interest payable pursuant to Section 2.7(a) shall be
computed (i) in the case of Base Rate Loans on the basis of a 365-day or 366-day
year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the
basis of a 360-day year, in each case for the actual number of days elapsed in
the period during which it accrues. In computing interest on any Loan, the date
of the making of such Loan or the first day of an Interest Period applicable to
such Loan or, with respect to a Base Rate Loan being converted from a Eurodollar
Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate
Loan, as the case may be, shall be included, and the date of payment of such
Loan or the expiration date of an Interest Period applicable to such Loan or,
with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the
date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the
case may be, shall be excluded; provided, if a Loan is repaid on the same day on
which it is made, one day's interest shall be paid on that Loan.

                  (e) Except as otherwise set forth herein, interest on each
Loan shall be payable in arrears on and to (i) each Interest Payment Date
applicable to that Loan; (ii) any prepayment of that Loan, whether voluntary or
mandatory, to the extent accrued on the amount being prepaid; and (iii) at
maturity, including final maturity.

                  (f) Company agrees to pay to Issuing Bank, with respect to
drawings honored under any Letter of Credit, interest on the amount paid by
Issuing Bank in respect of each such honored drawing from the date such drawing
is honored to but excluding the date such amount is reimbursed by or on behalf
of Company at a rate equal to (i) for the period from the date such drawing is
honored to but excluding the applicable Reimbursement Date, the rate of interest
otherwise payable hereunder with respect to Revolving Loans that are Base Rate
Loans, and (ii) thereafter, a rate which is 2% per annum in excess of the rate
of interest otherwise payable hereunder with respect to Revolving Loans that are
Base Rate Loans.

                  (g) Interest payable pursuant to Section 2.7(f) shall be
computed on the basis of a 365/366-day year for the actual number of days
elapsed in the period during which it accrues, and shall be payable on demand
or, if no demand is made, on the date on which the related drawing under a
Letter of Credit is reimbursed in full. Promptly upon receipt by Issuing Bank of
any payment of interest pursuant to Section 2.7(f), Issuing Bank shall
distribute to each Lender, out of the interest received by Issuing Bank in
respect of the period from the date such drawing is honored to but excluding the
date on which Issuing Bank is reimbursed for the amount of such drawing
(including any such reimbursement out of the proceeds of any Revolving Loans),
the amount that such Lender would have been entitled to receive in respect of
the letter of credit fee that would have been payable in respect of such Letter
of Credit for such period if no drawing had been honored under such Letter of
Credit. In the event Issuing Bank shall have been reimbursed by Lenders for all
or any portion of such honored drawing, Issuing Bank shall distribute to each
Lender which has paid all amounts payable by it under Section 2.3(e) with
respect to such honored drawing such Lender's Pro Rata Share of any interest
received by Issuing Bank in respect of that portion of such honored drawing so
reimbursed by Lenders for the period

                                       45
<PAGE>

from the date on which Issuing Bank was so reimbursed by Lenders to but
excluding the date on which such portion of such honored drawing is reimbursed
by Company.

         2.8.     CONVERSION/CONTINUATION.

                  (a) Subject to Section 2.18 and so long as no Default or Event
of Default shall have occurred and then be continuing, Company shall have the
option:

                           (i) to convert at any time all or any part of any
         Term Loan or Revolving Loan equal to $1,000,000 and integral multiples
         of $500,000 in excess of that amount from one Type of Loan to another
         Type of Loan; provided, a Eurodollar Rate Loan may only be converted on
         the expiration of the Interest Period applicable to such Eurodollar
         Rate Loan unless Company shall pay all amounts due under Section 2.18
         in connection with any such conversion; or

                           (ii) upon the expiration of any Interest Period
         applicable to any Eurodollar Rate Loan, to continue all or any portion
         of such Loan equal to $1,000,000 and integral multiples of $500,000 in
         excess of that amount as a Eurodollar Rate Loan.

                  (b) The Company shall deliver a Conversion/Continuation Notice
to Administrative Agent no later than 10:00 a.m. (New York City time) at least
one (1) Business Day in advance of the proposed conversion date (in the case of
a conversion to a Base Rate Loan) and at least three (3) Business Days in
advance of the proposed conversion/continuation date (in the case of a
conversion to, or a continuation of, a Eurodollar Rate Loan). Except as
otherwise provided herein, a Conversion/Continuation Notice for conversion to,
or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu
thereof) shall be irrevocable on and after the related Interest Rate
Determination Date, and Company shall be bound to effect a conversion or
continuation in accordance therewith.

         2.9. DEFAULT INTEREST. Upon the occurrence and during the continuance
of an Event of Default, the principal amount of all Loans outstanding and, to
the extent permitted by applicable law, any overdue interest payments on the
Loans or any overdue fees or other amounts owed hereunder, shall thereafter bear
interest (including post-petition interest in any proceeding under the
Bankruptcy Code or other applicable bankruptcy laws) payable on demand at a rate
that is 2% per annum in excess of the interest rate otherwise payable hereunder
with respect to the applicable Loans (or, in the case of any such fees and other
amounts, at a rate which is 2% per annum in excess of the interest rate
otherwise payable hereunder for Base Rate Loans); provided, in the case of
Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at
the time any such increase in interest rate is effective such Eurodollar Rate
Loans shall thereupon become Base Rate Loans and shall thereafter bear interest
payable upon demand at a rate which is 2% per annum in excess of the interest
rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance of
the increased rates of interest provided for in this Section 2.9 is not a

                                       46
<PAGE>

permitted alternative to timely payment and shall not constitute a waiver of any
Event of Default or otherwise prejudice or limit any rights or remedies of
Administrative Agent or any Lender.

         2.10.    FEES.

                  (a) Company agrees to pay to Lenders having Revolving
Exposure:

                           (i) from and including the Closing Date through but
         excluding the date the Terms Loans shall have been repaid in full,
         commitment fees equal to 0.75% per annum times the average of the daily
         difference between (1) the Revolving Commitments and (2) the sum of (A)
         the aggregate principal amount of outstanding Revolving Loans plus (B)
         the Letter of Credit Usage;

                           (ii) on and after the date the Terms Loans shall have
         been repaid in full, commitment fees equal to 0.375% per annum times
         the average of the daily difference between (1) the Revolving
         Commitments and (2) the sum of (A) the aggregate principal amount of
         outstanding Revolving Loans plus (B) the Letter of Credit Usage; and

                           (iii) letter of credit fees equal to (1) the
         Applicable Margin for Revolving Loans that are Eurodollar Rate Loans
         times (2) the average aggregate daily maximum amount available to be
         drawn under all such Letters of Credit (regardless of whether any
         conditions for drawing could then be met and determined as of the close
         of business on any date of determination).

All fees referred to in this Section 2.10(a) shall be paid to Administrative
Agent at its Principal Office, and upon receipt, Administrative Agent shall
promptly distribute to each Lender its Pro Rata Share thereof.

                  (b) Company agrees to pay directly to Issuing Bank, for its
own account, the following fees:

                           (i) a fronting fee equal to 0.250%, per annum, times
         the average aggregate daily maximum amount available to be drawn under
         all Letters of Credit (determined as of the close of business on any
         date of determination); and

                           (ii) such documentary and processing charges for any
         issuance, amendment, transfer or payment of a Letter of Credit as are
         in accordance with Issuing Bank's standard schedule for such charges
         and as in effect at the time of such issuance, amendment, transfer or
         payment, as the case may be.

                  (c) All fees referred to in Section 2.10(a) and 2.10(b)(i)
shall be calculated on the basis of a 360-day year and the actual number of days
elapsed and shall be payable quarterly in arrears on each Interest Payment Date
for Base Rate Loans of each year during the Revolving

                                       47
<PAGE>

Commitment Period, commencing on the first such date to occur after the Closing
Date, and on the Revolving Commitment Termination Date.

                  (d) In addition to any of the foregoing fees, Company agrees
to pay to Agents such other fees in the amounts and at the times separately
agreed upon in writing.

         2.11.    SCHEDULED INSTALLMENTS.

                  (a) Scheduled Installments. The principal amounts of the Term
Loans shall be repaid in consecutive installments (each, an "INSTALLMENT") in
the aggregate amounts and on each payment date set forth below (each, an
"INSTALLMENT DATE"), commencing December 31, 2002:

<TABLE>
<CAPTION>
PAYMENT DATE                           TERM LOAN INSTALLMENTS
------------                           ----------------------
<S>                                    <C>
December 31, 2002                      $   750,000
March 31, 2003                         $   750,000
June 30, 2003                          $ 3,750,000
December 31, 2003                      $ 3,750,000
March 31, 2004                         $ 7,500,000
June 30, 2004                          $ 7,500,000
December 31, 2004                      $ 7,500,000
March 31, 2005                         $ 7,500,000
June 30, 2005                          $ 7,500,000
Third Anniversary of Closing Date      $28,500,000
</TABLE>

Notwithstanding the foregoing, (i) such Installments shall be reduced in
connection with any voluntary or mandatory prepayments of the Term Loans in
accordance with Sections 2.12, 2.13 and 2.14, as applicable; and (ii) the Term
Loans, together with all other amounts owed hereunder with respect thereto,
shall, in any event, be paid in full no later than the Term Loan Maturity Date.

                                       48
<PAGE>

         2.12.    VOLUNTARY PREPAYMENTS/COMMITMENT REDUCTIONS.

                  (a) Voluntary Prepayments.

                           (i) Any time and from time to time, without penalty
         or premium (but subject to Section 2.18):

                                    (1) with respect to Base Rate Loans, Company
                  may prepay any such Loans on any Business Day in whole or in
                  part, in an aggregate minimum amount of $1,000,000 and
                  integral multiples of $500,000 in excess of that amount;

                                    (2) with respect to Eurodollar Rate Loans,
                  Company may prepay any such Loans on any Business Day in whole
                  or in part in an aggregate minimum amount of $1,000,000 and
                  integral multiples of $500,000 in excess of that amount;

                           (ii) All such prepayments shall be made:

                                    (1) upon not less than one (1) Business
                  Day's prior written or telephonic notice in the case of Base
                  Rate Loans; and

                                    (2) upon not less than three (3) Business
                  Days' prior written or telephonic notice in the case of
                  Eurodollar Rate Loans;

         in each case given to Administrative Agent by 12:00 p.m. (New York City
         time) on the date required and, if given by telephone, promptly
         confirmed in writing to Administrative Agent (and Administrative Agent
         will promptly transmit such telephonic or original notice for Term
         Loans or Revolving Loans, as the case may be, by telefacsimile or
         telephone to each Lender). Upon the giving of any such notice, the
         principal amount of the Loans specified in such notice shall become due
         and payable on the prepayment date specified therein.

                  (b) Voluntary Commitment Reductions.

                           (i) Company may, upon not less than three (3)
         Business Days' prior written or telephonic notice confirmed in writing
         to Administrative Agent (which original written or telephonic notice
         Administrative Agent will promptly transmit by telefacsimile or
         telephone to each applicable Lender), at any time and from time to time
         terminate in whole or permanently reduce in part, without premium or
         penalty, the Revolving Commitments in an amount up to the amount by
         which the Revolving Commitments exceed the Total Utilization of
         Revolving Commitments at the time of such proposed termination or
         reduction; provided, any such partial reduction of the Revolving

                                       49
<PAGE>

         Commitments shall be in an aggregate minimum amount of $1,000,000 and
         integral multiples of $500,000 in excess of that amount.

                           (ii) Company's notice to Administrative Agent shall
         designate the date (which shall be a Business Day) of such termination
         or reduction and the amount of any partial reduction, and such
         termination or reduction of the Revolving Commitments shall be
         effective on the date specified in Company's notice and shall reduce
         the Revolving Commitment of each Lender proportionately to its Pro Rata
         Share thereof.

         2.13.    MANDATORY PREPAYMENTS.

                  (a) Asset Sales. No later than the first Business Day
following the date of receipt by Company or any of its Subsidiaries of any Net
Asset Sale Proceeds, Company shall prepay the Loans as set forth in Section
2.14(b) in an aggregate amount equal to such Net Asset Sale Proceeds.

                  (b) Insurance/Condemnation Proceeds. No later than the first
Business Day following the date of receipt by Company or any of its
Subsidiaries, or Administrative Agent as loss payee, of any Net
Insurance/Condemnation Proceeds, Company shall prepay the Loans as set forth in
Section 2.14(b) in an aggregate amount equal to such Net Insurance/Condemnation
Proceeds; provided, (i) so long as no Default or Event of Default shall have
occurred and be continuing and (ii) to the extent that aggregate Net
Insurance/Condemnation Proceeds from the Closing Date through the applicable
date of determination do not exceed $2,000,000, Company shall have the option,
directly or through one or more of its Subsidiaries, to invest such Net
Insurance/Condemnation Proceeds within one hundred eighty (180) days of receipt
thereof in long term productive assets of the general type used in the business
of Company and its Subsidiaries, which investment may include the repair,
restoration or replacement of the applicable assets thereof; provided further,
pending any such investment all such Net Insurance/Condemnation Proceeds, as the
case may be, shall be applied to prepay Revolving Loans to the extent
outstanding (without a reduction in Revolving Commitments).

                  (c) Issuance of Equity Securities. On the date of receipt by
Company of any Cash proceeds from a capital contribution to, or the issuance of
any Capital Stock of, Company or any of its Subsidiaries (other than pursuant to
any employee stock or stock option compensation plan and, with respect to any
Subsidiary, other than by Company), Company shall prepay the Loans as set forth
in Section 2.14(b) in an aggregate amount equal to 100% of such proceeds, net of
underwriting discounts and commissions and other reasonable costs and expenses
associated therewith, including reasonable legal fees and expenses.

                  (d) Issuance of Debt. On the date of receipt by Company or any
of its Subsidiaries of any Cash proceeds from incurrence of any Indebtedness of
Company or any of its Subsidiaries (other than with respect to any Indebtedness
permitted to be incurred pursuant to Section 6.1), Company shall prepay the
Loans as set forth in Section 2.14(b) in an aggregate

                                       50
<PAGE>

amount equal to 100% of such proceeds, net of underwriting discounts and
commissions and other reasonable costs and expenses associated therewith,
including reasonable legal fees and expenses.

                  (e) Consolidated Excess Cash Flow. In the event that there
shall be Consolidated Excess Cash Flow for (i) the period commencing October 1,
2002 through March 31, 2003 or (ii) any Fiscal Quarter period thereafter,
Company shall, no later than thirty (30) days after the end of such period,
prepay the Loans as set forth in Section 2.14(b) in an aggregate amount equal to
100% of such Consolidated Excess Cash Flow for such period; provided that no
such prepayment shall be required to the extent that, after giving effect
thereto, the aggregate Cash balances of Company and its Subsidiaries would be
less than $15,000,000.

                  (f) Excess Revolving Loans. Company shall from time to time
prepay Revolving Loans to the extent necessary so that the Total Utilization of
Revolving Commitments shall not at any time exceed the lesser of (i) the
Revolving Commitments and (ii) the Borrowing Base.

                  (g) Prepayment Certificate. Concurrently with any prepayment
of the Loans pursuant to Sections 2.13(a) through 2.13(e), Company shall deliver
to Administrative Agent a certificate of an Authorized Officer demonstrating the
calculation of the amount of the applicable net proceeds or Consolidated Excess
Cash Flow, as the case may be. In the event that Company shall subsequently
determine that the actual amount received exceeded the amount set forth in such
certificate, Company shall promptly make an additional prepayment of the Loans
in an amount equal to such excess, and Company shall concurrently therewith
deliver to Administrative Agent a certificate of an Authorized Officer
demonstrating the derivation of such excess.

         2.14.    APPLICATION OF PREPAYMENTS/REDUCTIONS.

                  (a) Application of Voluntary Prepayments by Class of Loans.
Any prepayment of any Loan pursuant to Section 2.12(a) shall be applied as
specified by Company in the applicable notice of prepayment; provided, in the
event Company fails to specify the Loans to which any such prepayment shall be
applied, such prepayment shall be applied first, to prepay the scheduled
Installments of principal on Term Loans in inverse order of maturity and,
second, to repay outstanding Revolving Loans (without a reduction in the
Revolving Commitments) to the full extent thereof.

                  (b) Application of Mandatory Prepayments by Class of Loans.
Any amount required to be paid pursuant to Sections 2.13(a) through 2.14(f)
shall be applied as follows:

                           first, to prepay remaining scheduled Installments of
         principal of the Term Loans in inverse order of maturity;

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<PAGE>

                           second, to prepay the Revolving Loans (without a
         reduction in the Revolving Commitments) to the full extent thereof ;

                           third, to repay any outstanding reimbursement
         obligations with respect to Letters of Credit; and

                           fourth, to the extent such prepayment is made
         pursuant to Section 2.13(f), to cash collateralize Letters of Credit to
         the extent necessary to satisfy the prepayment requirements of Section
         2.13(f).

                  (c) Application of Prepayments of Loans to Base Rate Loans and
Eurodollar Rate Loans. Considering each Class of Loans being prepaid separately,
any prepayment thereof shall be applied first to Base Rate Loans to the full
extent thereof before application to Eurodollar Rate Loans, in each case in a
manner which minimizes the amount of any payments required to be made by Company
pursuant to Section 2.18(c).

         2.15.    GENERAL PROVISIONS REGARDING PAYMENTS.

                  (a) All payments by Company of principal, interest, fees and
other Obligations shall be made in Dollars in same day funds, without defense,
setoff or counterclaim, free of any restriction or condition, and delivered to
Administrative Agent not later than 12:00 p.m. (New York City time) on the date
due at Administrative Agent's Principal Office for the account of Lenders; funds
received by Administrative Agent after that time on such due date shall be
deemed to have been paid by Company on the next succeeding Business Day.

                  (b) All payments in respect of the principal amount of any
Loan (other than voluntary prepayments of Revolving Loans) shall include payment
of accrued interest on the principal amount being repaid or prepaid, and all
such payments (and, in any event, any payments in respect of any Loan on a date
when interest is due and payable with respect to such Loan) shall be applied to
the payment of interest before application to principal.

                  (c) Administrative Agent shall promptly distribute to each
Lender at such address as such Lender shall indicate in writing, such Lender's
applicable Pro Rata Share of all payments and prepayments of principal and
interest due hereunder, together with all other amounts due thereto, including,
without limitation, all fees payable with respect thereto, to the extent
received by Administrative Agent.

                  (d) Notwithstanding the foregoing provisions hereof, if any
Conversion/Continuation Notice is withdrawn as to any Affected Lender or if any
Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any
Eurodollar Rate Loans, Administrative Agent shall give effect thereto in
apportioning payments received thereafter.

                                       52
<PAGE>

                  (e) Subject to the provisos set forth in the definition of
"Interest Period," whenever any payment to be made hereunder shall be stated to
be due on a day that is not a Business Day, such payment shall be made on the
next succeeding Business Day and such extension of time shall be included in the
computation of the payment of interest hereunder or of the Revolving Commitment
fees hereunder.

                  (f) Company hereby authorizes Administrative Agent to charge
Company's accounts with Administrative Agent in order to cause timely payment to
be made to Administrative Agent of all principal, interest, fees and expenses
due hereunder (subject to sufficient funds being available in its accounts for
that purpose).

                  (g) Administrative Agent shall deem any payment by or on
behalf of Company hereunder that is not made in same day funds prior to 12:00
p.m. (New York City time) to be a non-conforming payment. Any such payment shall
not be deemed to have been received by Administrative Agent until the later of
(i) the time such funds become available funds and (ii) the applicable next
Business Day. Administrative Agent shall give prompt telephonic notice to
Company and each applicable Lender (confirmed in writing) if any payment is
non-conforming. Any non-conforming payment may constitute or become a Default or
Event of Default in accordance with the terms of Section 8.1(a). Interest shall
continue to accrue on any principal as to which a non-conforming payment is made
until such funds become available funds (but in no event less than the period
from the date of such payment to the next succeeding applicable Business Day) at
the rate determined pursuant to Section 2.9 from the date such amount was due
and payable until the date such amount is paid in full.

                  (h) If an Event of Default shall have occurred and not
otherwise been waived, and the maturity of the Obligations shall have been
accelerated pursuant to Section 8.1, all payments or proceeds received by Agents
hereunder in respect of any of the Obligations, shall be applied in accordance
with the application arrangements described in Section 7.2 of the Pledge and
Security Agreement.

         2.16.    [RESERVED.]

         2.17. RATABLE SHARING. Lenders hereby agree among themselves that,
except as otherwise provided in the Collateral Documents with respect to amounts
realized from the exercise of rights with respect to Liens on the Collateral, if
any of them shall, whether by voluntary payment (other than a voluntary
prepayment of Loans made and applied in accordance with the terms hereof),
through the exercise of any right of set-off or banker's lien, by counterclaim
or cross action or by the enforcement of any right under the Credit Documents or
otherwise, or as adequate protection of a deposit treated as cash collateral
under the Bankruptcy Code, receive payment or reduction of a proportion of the
aggregate amount of principal, interest, amounts payable in respect of Letters
of Credit, fees and other amounts then due and owing to such Lender hereunder or
under the other Credit Documents (collectively, the

                                       53
<PAGE>

"AGGREGATE AMOUNTS DUE" to such Lender) which is greater than the proportion
received by any other Lender in respect of the Aggregate Amounts Due to such
other Lender, then the Lender receiving such proportionately greater payment
shall (a) notify Administrative Agent and each other Lender of the receipt of
such payment and (b) apply a portion of such payment to purchase participations
(which it shall be deemed to have purchased from each seller of a participation
simultaneously upon the receipt by such seller of its portion of such payment)
in the Aggregate Amounts Due to the other Lenders so that all such recoveries of
Aggregate Amounts Due shall be shared by all Lenders in proportion to the
Aggregate Amounts Due to them; provided, if all or part of such proportionately
greater payment received by such purchasing Lender is thereafter recovered from
such Lender upon the bankruptcy or reorganization of Company or otherwise, those
purchases shall be rescinded and the purchase prices paid for such
participations shall be returned to such purchasing Lender ratably to the extent
of such recovery, but without interest. Company expressly consents to the
foregoing arrangement and agrees that any holder of a participation so purchased
may exercise any and all rights of banker's lien, set-off or counterclaim with
respect to any and all monies owing by Company to that holder with respect
thereto as fully as if that holder were owed the amount of the participation
held by that holder.

         2.18.    MAKING OR MAINTAINING EURODOLLAR RATE LOANS.

                  (a) Inability to Determine Applicable Interest Rate. In the
event that Administrative Agent shall have determined (which determination shall
be final and conclusive and binding upon all parties hereto), on any Interest
Rate Determination Date with respect to any Eurodollar Rate Loans, that by
reason of circumstances affecting the London interbank market adequate and fair
means do not exist for ascertaining the interest rate applicable to such Loans
on the basis provided for in the definition of Adjusted Eurodollar Rate,
Administrative Agent shall on such date give notice (by telefacsimile or by
telephone confirmed in writing) to Company and each Lender of such
determination, whereupon (i) no Loans may be made as, or converted to,
Eurodollar Rate Loans until such time as Administrative Agent notifies Company
and Lenders that the circumstances giving rise to such notice no longer exist
and (ii) any Funding Notice or Conversion/Continuation Notice given by Company
with respect to the Loans in respect of which such determination was made shall
be deemed to be rescinded by Company.

                  (b) Illegality or Impracticability of Eurodollar Rate Loans.
In the event that on any date any Lender shall have determined (which
determination shall be final and conclusive and binding upon all parties hereto
but shall be made only after consultation with Company and Administrative Agent)
that the making, maintaining or continuation of its Eurodollar Rate Loans (i)
has become unlawful as a result of compliance by such Lender in good faith with
any law, treaty, governmental rule, regulation, guideline or order (or would
conflict with any such treaty, governmental rule, regulation, guideline or order
not having the force of law even though the failure to comply therewith would
not be unlawful) or (ii) has become impracticable, as a result of contingencies
occurring after the date hereof which materially and adversely affect the

                                       54
<PAGE>

London interbank market or the position of such Lender in that market, then, and
in any such event, such Lender shall be an "AFFECTED LENDER" and it shall on
that day give notice (by telefacsimile or by telephone confirmed in writing) to
Company and Administrative Agent of such determination (which notice
Administrative Agent shall promptly transmit to each other Lender). Thereafter
(1) the obligation of the Affected Lender to make Loans as, or to convert Loans
to, Eurodollar Rate Loans shall be suspended until such notice shall be
withdrawn by the Affected Lender; (2) to the extent such determination by the
Affected Lender relates to a Eurodollar Rate Loan then being requested by
Company pursuant to a Funding Notice or a Conversion/Continuation Notice, the
Affected Lender shall make such Loan as (or continue such Loan as or convert
such Loan to, as the case may be) a Base Rate Loan; (3) the Affected Lender's
obligation to maintain its outstanding Eurodollar Rate Loans (the "AFFECTED
LOANS") shall be terminated at the earlier to occur of the expiration of the
Interest Period then in effect with respect to the Affected Loans or when
required by law; and (4) the Affected Loans shall automatically convert into
Base Rate Loans on the date of such termination. Notwithstanding the foregoing,
to the extent a determination by an Affected Lender as described above relates
to a Eurodollar Rate Loan then being requested by Company pursuant to a Funding
Notice or a Conversion/Continuation Notice, Company shall have the option,
subject to the provisions of Section 2.18(c), to rescind such Funding Notice or
Conversion/Continuation Notice as to all Lenders by giving notice (by
telefacsimile or by telephone confirmed in writing) to Administrative Agent of
such rescission on the date on which the Affected Lender gives notice of its
determination as described above (which notice of rescission Administrative
Agent shall promptly transmit to each other Lender). Except as provided in the
immediately preceding sentence, nothing in this Section 2.18(b) shall affect the
obligation of any Lender other than an Affected Lender to make or maintain Loans
as, or to convert Loans to, Eurodollar Rate Loans in accordance with the terms
hereof.

                  (c) Compensation for Breakage or Non-Commencement of Interest
Periods. Company shall compensate each Lender, upon written request by such
Lender (which request shall set forth the basis for requesting such amounts and
the calculation thereof), for all reasonable losses, expenses and liabilities
(including any interest paid by such Lender to lenders of funds borrowed by it
to make or carry its Eurodollar Rate Loans and any loss, expense or liability
sustained by such Lender in connection with the liquidation or re-employment of
such funds but excluding loss of anticipated profits) which such Lender may
sustain: (i) if for any reason (other than a default by such Lender) a borrowing
of any Eurodollar Rate Loan does not occur on a date specified therefor in a
Funding Notice or a telephonic request for borrowing, or a conversion to or
continuation of any Eurodollar Rate Loan does not occur on a date specified
therefor in a Conversion/Continuation Notice or a telephonic request for
conversion or continuation; (ii) if any prepayment or other principal payment or
any conversion of any of its Eurodollar Rate Loans occurs on a date prior to the
last day of an Interest Period applicable to that Loan; or (iii) if any
prepayment of any of its Eurodollar Rate Loans is not made on any date specified
in a notice of prepayment given by Company.

                                       55
<PAGE>

                  (d) Booking of Eurodollar Rate Loans. Any Lender may make,
carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its
branch offices or the office of an Affiliate of such Lender.

                  (e) Assumptions Concerning Funding of Eurodollar Rate Loans.
Calculation of all amounts payable to a Lender under this Section 2.18 and under
Section 2.19 shall be made as though such Lender had actually funded each of its
relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit
bearing interest at the rate obtained pursuant to clause (i) of the definition
of Adjusted Eurodollar Rate in an amount equal to the amount of such Eurodollar
Rate Loan and having a maturity comparable to the relevant Interest Period and
through the transfer of such Eurodollar deposit from an offshore office of such
Lender to a domestic office of such Lender in the United States of America;
provided, however, each Lender may fund each of its Eurodollar Rate Loans in any
manner it sees fit and the foregoing assumptions shall be utilized only for the
purposes of calculating amounts payable under this Section 2.18 and under
Section 2.19.

         2.19.    INCREASED COSTS; CAPITAL ADEQUACY.

                  (a) Compensation For Increased Costs and Taxes. Subject to the
provisions of Section 2.20 (which shall be controlling with respect to the
matters covered thereby), in the event that any Lender (which term shall include
Issuing Bank for purposes of this Section 2.19(a)) shall determine (which
determination shall, absent manifest error, be final and conclusive and binding
upon all parties hereto) that any law, treaty or governmental rule, regulation
or order, or any change therein or in the interpretation, administration or
application thereof (including the introduction of any new law, treaty or
governmental rule, regulation or order), or any determination of a court or
governmental authority, in each case that becomes effective after the date
hereof, or compliance by such Lender with any guideline, request or directive
issued or made after the date hereof by any central bank or other governmental
or quasi-governmental authority (whether or not having the force of law): (i)
subjects such Lender (or its applicable lending office) to any additional Tax
(other than any Tax on the overall net income of such Lender) with respect to
this Agreement or any of the other Credit Documents or any of its obligations
hereunder or thereunder or any payments to such Lender (or its applicable
lending office) of principal, interest, fees or any other amount payable
hereunder; (ii) imposes, modifies or holds applicable any reserve (including any
marginal, emergency, supplemental, special or other reserve), special deposit,
compulsory loan, FDIC insurance or similar requirement against assets held by,
or deposits or other liabilities in or for the account of, or advances or loans
by, or other credit extended by, or any other acquisition of funds by, any
office of such Lender (other than any such reserve or other requirements with
respect to Eurodollar Rate Loans that are reflected in the definition of
Adjusted Eurodollar Rate); or (iii) imposes any other condition (other than with
respect to a Tax matter) on or affecting such Lender (or its applicable lending
office) or its obligations hereunder or the London interbank market; and the
result of any of the foregoing is to increase the cost to such Lender of
agreeing to make, making or maintaining

                                       56
<PAGE>

Loans hereunder or to reduce any amount received or receivable by such Lender
(or its applicable lending office) with respect thereto; then, in any such case,
Company shall promptly pay to such Lender, upon receipt of the statement
referred to in the next sentence, such additional amount or amounts (in the form
of an increased rate of, or a different method of calculating, interest or
otherwise as such Lender in its sole discretion shall determine) as may be
necessary to compensate such Lender for any such increased cost or reduction in
amounts received or receivable hereunder. Such Lender shall deliver to Company
(with a copy to Administrative Agent) a written statement, setting forth in
reasonable detail the basis for calculating the additional amounts owed to such
Lender under this Section 2.19(a), which statement shall be conclusive and
binding upon all parties hereto absent manifest error.

                  (b) Capital Adequacy Adjustment. In the event that any Lender
(which term shall include Issuing Bank for purposes of this Section 2.19(b))
shall have determined that the adoption, effectiveness, phase-in or
applicability after the Closing Date of any law, rule or regulation (or any
provision thereof) regarding capital adequacy, or any change therein or in the
interpretation or administration thereof by any Governmental Authority, central
bank or comparable agency charged with the interpretation or administration
thereof, or compliance by any Lender (or its applicable lending office) with any
guideline, request or directive regarding capital adequacy (whether or not
having the force of law) of any such Governmental Authority, central bank or
comparable agency, has or would have the effect of reducing the rate of return
on the capital of such Lender or any corporation controlling such Lender as a
consequence of, or with reference to, such Lender's Loans or Revolving
Commitments or Letters of Credit, or participations therein or other obligations
hereunder with respect to the Loans or the Letters of Credit to a level below
that which such Lender or such controlling corporation could have achieved but
for such adoption, effectiveness, phase-in, applicability, change or compliance
(taking into consideration the policies of such Lender or such controlling
corporation with regard to capital adequacy), then from time to time, within
five Business Days after receipt by Company from such Lender of the statement
referred to in the next sentence, Company shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such controlling
corporation on an after-tax basis for such reduction. Such Lender shall deliver
to Company (with a copy to Administrative Agent) a written statement setting
forth in reasonable detail the basis for calculating the additional amounts owed
to Lender under this Section 2.19(b), which statement shall be conclusive and
binding upon all parties hereto absent manifest error.

         2.20.    TAXES; WITHHOLDING, ETC.

                  (a) Payments to Be Free and Clear. All sums payable by any
Credit Party hereunder and under the other Credit Documents shall (except to the
extent required by law) be paid free and clear of, and without any deduction or
withholding on account of, any Tax (other than a franchise Tax or a Tax on the
overall net income of any Lender) imposed, levied, collected, withheld or
assessed by or within the United States of America or any political subdivision
in or of the United States of America or any other jurisdiction from or to which
a

                                       57
<PAGE>

payment is made by or on behalf of any Credit Party or by any federation or
organization of which the United States of America or any such jurisdiction is a
member at the time of payment.

                  (b) Withholding of Taxes. If any Credit Party or any other
Person is required by law to make any deduction or withholding on account of any
such Tax from any sum paid or payable by any Credit Party to Administrative
Agent or any Lender (which term shall include Issuing Bank for purposes of this
Section 2.20(b)) under any of the Credit Documents: (i) Company shall notify
Administrative Agent of any such requirement or any change in any such
requirement as soon as Company becomes aware of it; (ii) Company shall pay any
such Tax before the date on which penalties attach thereto, such payment to be
made (if the liability to pay is imposed on any Credit Party) for its own
account or (if that liability is imposed on Administrative Agent or such Lender,
as the case may be) on behalf of and in the name of Administrative Agent or such
Lender; (iii) the sum payable by such Credit Party in respect of which the
relevant deduction, withholding or payment is required shall be increased to the
extent necessary to ensure that, after the making of that deduction, withholding
or payment, Administrative Agent or such Lender, as the case may be, receives on
the due date a net sum equal to what it would have received had no such
deduction, withholding or payment been required or made; and (iv) within thirty
(30) days after paying any sum from which it is required by law to make any
deduction or withholding, and within thirty (30) days after the due date of
payment of any Tax which it is required by clause (ii) above to pay, Company
shall deliver to Administrative Agent evidence satisfactory to the other
affected parties of such deduction, withholding or payment and of the remittance
thereof to the relevant taxing or other authority; provided, no such additional
amount shall be required to be paid to any Lender under clause (iii) above
except to the extent that any change after the date hereof (in the case of each
Lender listed on the signature pages hereof on the Closing Date) or after the
effective date of the Assignment Agreement pursuant to which such Lender became
a Lender (in the case of each other Lender) in any such requirement for a
deduction, withholding or payment as is mentioned therein shall result in an
increase in the rate of such deduction, withholding or payment from that in
effect at the date hereof or at the date of such Assignment Agreement, as the
case may be, in respect of payments to such Lender.

                  (c) Evidence of Exemption From U.S. Withholding Tax. Each
Lender that is not a United States Person (as such term is defined in Section
7701(a)(30) of the Internal Revenue Code) for U.S. federal income tax purposes
(a "NON-US LENDER") shall deliver to Administrative Agent for transmission to
Company, on or prior to the Closing Date (in the case of each Lender listed on
the signature pages hereof on the Closing Date) or on or prior to the date of
the Assignment Agreement pursuant to which it becomes a Lender (in the case of
each other Lender), and at such other times as may be necessary in the
determination of Company or Administrative Agent (each in the reasonable
exercise of its discretion), (i) two original copies of Internal Revenue Service
Form W-8BEN or W-8ECI (or any successor forms), properly completed and duly
executed by such Lender, and such other documentation required under the
Internal Revenue Code and reasonably requested by Company to establish that such
Lender is

                                       58
<PAGE>

not subject to deduction or withholding of United States federal income tax with
respect to any payments to such Lender of principal, interest, fees or other
amounts payable under any of the Credit Documents, or (ii) if such Lender is not
a "bank" or other Person described in Section 881(c)(3) of the Internal Revenue
Code and cannot deliver either Internal Revenue Service Form W-8BEN or W-8ECI
pursuant to clause (i) above, a Certificate re Non-Bank Status together with two
original copies of Internal Revenue Service Form W-8 (or any successor form),
properly completed and duly executed by such Lender, and such other
documentation required under the Internal Revenue Code and reasonably requested
by Company to establish that such Lender is not subject to deduction or
withholding of United States federal income tax with respect to any payments to
such Lender of interest payable under any of the Credit Documents. Each Lender
required to deliver any forms, certificates or other evidence with respect to
United States federal income tax withholding matters pursuant to this Section
2.20(c) hereby agrees, from time to time after the initial delivery by such
Lender of such forms, certificates or other evidence, whenever a lapse in time
or change in circumstances renders such forms, certificates or other evidence
obsolete or inaccurate in any material respect, that such Lender shall promptly
deliver to Administrative Agent for transmission to Company two new original
copies of Internal Revenue Service Form W-8BEN or W-8ECI, or a Certificate re
Non-Bank Status and two original copies of Internal Revenue Service Form W-8, as
the case may be, properly completed and duly executed by such Lender, and such
other documentation required under the Internal Revenue Code and reasonably
requested by Company to confirm or establish that such Lender is not subject to
deduction or withholding of United States federal income tax with respect to
payments to such Lender under the Credit Documents, or notify Administrative
Agent and Company of its inability to deliver any such forms, certificates or
other evidence. Company shall not be required to pay any additional amount to
any Non-US Lender under Section 2.20(b)(iii) if such Lender shall have failed
(1) to deliver the forms, certificates or other evidence referred to in the
second sentence of this Section 2.20(c) or (2) to notify Administrative Agent
and Company of its inability to deliver any such forms, certificates or other
evidence, as the case may be; provided, if such Lender shall have satisfied the
requirements of the first sentence of this Section 2.20(c) on the Closing Date
or on the date of the Assignment Agreement pursuant to which it became a Lender,
as applicable, nothing in this last sentence of Section 2.20(c) shall relieve
Company of its Obligation to pay any additional amounts pursuant to Section
2.17(a) in the event that, as a result of any change in any applicable law,
treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer
properly entitled to deliver forms, certificates or other evidence at a
subsequent date establishing the fact that such Lender is not subject to
withholding as described herein.

         2.21. OBLIGATION TO MITIGATE. Each Lender (which term shall include
Issuing Bank for purposes of this Section 2.21) agrees that, as promptly as
practicable after the officer of such Lender responsible for administering its
Loans or Letters of Credit, as the case may be, becomes aware of the occurrence
of an event or the existence of a condition that would cause such Lender to
become an Affected Lender or that would entitle such Lender to receive payments
under

                                       59
<PAGE>

Section 2.18, 2.18 or 2.19, it will, to the extent not inconsistent with the
internal policies of such Lender and any applicable legal or regulatory
restrictions, use reasonable efforts to (a) make, issue, fund or maintain its
Credit Extensions, including any Affected Loans, through another office of such
Lender, or (b) take such other measures as such Lender may deem reasonable, if
as a result thereof the circumstances which would cause such Lender to be an
Affected Lender would cease to exist or the additional amounts which would
otherwise be required to be paid to such Lender pursuant to Section 2.18, 2.19
or 2.20 would be materially reduced and if, as determined by such Lender in its
sole discretion, the making, issuing, funding or maintaining of such Revolving
Commitments, Loans or Letters of Credit through such other office or in
accordance with such other measures, as the case may be, would not otherwise
adversely affect such Revolving Commitments, Loans or Letters of Credit or the
interests of such Lender; provided, such Lender will not be obligated to utilize
such other office pursuant to this Section 2.21 unless Company agrees to pay all
incremental expenses incurred by such Lender as a result of utilizing such other
office as described in clause (a) above. A certificate as to the amount of any
such expenses payable by Company pursuant to this Section 2.21 (setting forth in
reasonable detail the basis for requesting such amount and the calculation
thereof) submitted by such Lender to Company (with a copy to Administrative
Agent) shall be conclusive absent manifest error.

         2.22. DEFAULTING LENDERS. Anything contained herein to the contrary
notwithstanding, in the event that any Lender defaults (a "DEFAULTING LENDER")
in its obligation to fund (a "FUNDING DEFAULT") any Revolving Loan or its
portion of any unreimbursed payment under Section 2.3(e) (in each case, a
"DEFAULTED LOAN"), then (a) during any Default Period with respect to such
Defaulting Lender, such Defaulting Lender shall be deemed not to be a "Lender"
for purposes of voting on any matters (including the granting of any consents or
waivers) with respect to any of the Credit Documents; (b) to the extent
permitted by applicable law, until such time as the Default Excess with respect
to such Defaulting Lender shall have been reduced to zero, (i) any voluntary
prepayment of the Revolving Loans shall, if Company so directs at the time of
making such voluntary prepayment, be applied to the Revolving Loans of other
Lenders as if such Defaulting Lender had no Revolving Loans outstanding and the
Revolving Exposure of such Defaulting Lender were zero, and (ii) any mandatory
prepayment of the Revolving Loans shall, if Company so directs at the time of
making such mandatory prepayment, be applied to the Revolving Loans of other
Lenders (but not to the Revolving Loans of such Defaulting Lender) as if such
Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender, it
being understood and agreed that Company shall be entitled to retain any portion
of any mandatory prepayment of the Revolving Loans that is not paid to such
Defaulting Lender solely as a result of the operation of the provisions of this
clause (b); (c) such Defaulting Lender's Revolving Commitment and outstanding
Revolving Loans and such Defaulting Lender's Pro Rata Share of the Letter of
Credit Usage shall be excluded for purposes of calculating the Revolving
Commitment fee payable to Lenders in respect of any day during any Default
Period with respect to such Defaulting Lender, and such Defaulting Lender shall
not be entitled to receive any Revolving Commitment fee pursuant to Section 2.10
with respect to such Defaulting Lender's Revolving Commitment in respect of any
Default Period with respect to such Defaulting Lender;

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and (d) the Total Utilization of Revolving Commitments as at any date of
determination shall be calculated as if such Defaulting Lender had funded all
Defaulted Loans of such Defaulting Lender. No Revolving Commitment of any Lender
shall be increased or otherwise affected, and, except as otherwise expressly
provided in this Section 2.22, performance by Company of its Obligations shall
not be excused or otherwise modified as a result of any Funding Default or the
operation of this Section 2.22. The rights and remedies against a Defaulting
Lender under this Section 2.22 are in addition to other rights and remedies
which Company may have against such Defaulting Lender with respect to any
Funding Default and which Administrative Agent or any Lender may have against
such Defaulting Lender with respect to any Funding Default.

         2.23. REMOVAL OR REPLACEMENT OF A LENDER. Anything contained herein to
the contrary notwithstanding, in the event that (a) any Lender (an
"INCREASED-COST LENDER") shall give notice to Company that such Lender is an
Affected Lender or that such Lender is entitled to receive payments under
Section 2.17, 2.18 or 2.19, the circumstances which have caused such Lender to
be an Affected Lender or which entitle such Lender to receive such payments
shall remain in effect, and such Lender shall fail to withdraw such notice
within five Business Days after Company's request for such withdrawal; or (b)
any Lender shall become a Defaulting Lender, the Default Period for such
Defaulting Lender shall remain in effect, and such Defaulting Lender shall fail
to cure the default as a result of which it has become a Defaulting Lender
within five Business Days after Company's request that it cure such default; or
(c) in connection with any proposed amendment, modification, termination, waiver
or consent with respect to any of the provisions hereof as contemplated by
Section 10.5(b), the consent of Requisite Lenders shall have been obtained but
the consent of one or more of such other Lenders (each a "NON-CONSENTING
LENDER") whose consent is required shall not have been obtained; then, with
respect to each such Increased-Cost Lender, Defaulting Lender or Non-Consenting
Lender (the "TERMINATED LENDER"), Company may, by giving written notice to
Administrative Agent and any Terminated Lender of its election to do so, elect
to cause such Terminated Lender (and such Terminated Lender hereby irrevocably
agrees) to assign its outstanding Loans and its Revolving Commitments, if any,
in full to one or more Eligible Assignees (each a "REPLACEMENT LENDER") in
accordance with the provisions of Section 10.6 and Terminated Lender shall pay
any fees payable thereunder in connection with such assignment; provided, (1) on
the date of such assignment, the Replacement Lender shall pay to Terminated
Lender an amount equal to the sum of (A) an amount equal to the principal of,
and all accrued interest on, all outstanding Loans of the Terminated Lender, (B)
an amount equal to all unreimbursed drawings that have been funded by such
Terminated Lender, together with all then unpaid interest with respect thereto
at such time and (C) an amount equal to all accrued, but theretofore unpaid,
fees owing to such Terminated Lender pursuant to Section 2.10; (2) on the date
of such assignment, Company shall pay any amounts payable to such Terminated
Lender pursuant to Section 2.18(c), 2.19 or 2.20 or otherwise as if it were a
prepayment; and (3) in the event such Terminated Lender is a Non-Consenting
Lender, each Replacement Lender shall consent, at the time of such assignment,
to each matter in respect of which such Terminated Lender was a Non-Consenting
Lender; provided, Company may not make such election with respect to any

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Terminated Lender that is also an Issuing Bank unless, prior to the
effectiveness of such election, Company shall have caused each outstanding
Letter of Credit issued thereby to be cancelled. Upon the prepayment of all
amounts owing to any Terminated Lender and the termination of such Terminated
Lender's Revolving Commitments, if any, such Terminated Lender shall no longer
constitute a "Lender" for purposes hereof; provided, any rights of such
Terminated Lender to indemnification hereunder shall survive as to such
Terminated Lender.

SECTION 3.           CONDITIONS PRECEDENT AND SUBSEQUENT

         3.1. CONDITIONS PRECEDENT TO CLOSING DATE. The obligation of any Lender
to make a Credit Extension on the Closing Date is subject to the satisfaction,
or waiver in accordance with Section 10.5, of the following conditions on or
before the Closing Date:

                  (a) Credit Documents. Administrative Agent shall have received
sufficient copies of each Credit Document originally executed and delivered by
each applicable Credit Party for each Lender.

                  (b) Organizational Documents; Incumbency. Administrative Agent
shall have received (other than with respect to Mijenix Corporation) (i)
sufficient copies of each Organizational Document executed and delivered by each
Credit Party, as applicable, and, to the extent applicable, certified as of a
recent date by the appropriate governmental official, for each Lender, each
dated the Closing Date or a recent date prior thereto; (ii) signature and
incumbency certificates of the officers of such Person executing the Credit
Documents to which it is a party; (iii) resolutions of the board of directors or
similar governing body of each Credit Party approving and authorizing the
execution, delivery and performance of this Agreement and the other Credit
Documents and the Related Agreements to which it is a party or by which it or
its assets may be bound as of the Closing Date, certified as of the Closing Date
by its secretary or an assistant secretary as being in full force and effect
without modification or amendment; (iv) a good standing certificate from the
applicable Governmental Authority of each Credit Party's jurisdiction of
incorporation, organization or formation and in each jurisdiction in which it is
qualified as a foreign corporation or other entity to do business, each dated a
recent date prior to the Closing Date; and (v) such other documents as
Administrative Agent may reasonably request.

                  (c) Organizational and Capital Structure. The organizational
structure and capital structure of Company and its Subsidiaries, both before and
after giving effect to the Acquisition, shall be as set forth on Schedule 4.1.
Copies of all agreements relating to the corporate structure of Company and
Guarantors, other than those related to the Acquisition, shall be delivered to
Administrative Agent and shall be satisfactory to Administrative Agent.

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<PAGE>

               (d)    Consummation of the Acquisition.

                      (i) (1) All conditions to the Acquisition set forth in the
        Purchase Agreement shall have been satisfied or the fulfillment of any
        such conditions shall have been waived with the consent of Syndication
        Agent and Administrative Agent, (2) the Acquisition shall have become
        effective in accordance with the terms of the Purchase Agreement and (3)
        the aggregate cash consideration paid to Sellers in connection with the
        Acquisition shall not exceed $100,000,000.

                      (ii) Syndication Agent and Administrative Agent shall each
        have received a fully executed or conformed copy of each Related
        Agreement and any documents executed in connection therewith, together
        with copies of each of the opinions of counsel delivered to the parties
        under the Related Agreements, accompanied by a letter from each such
        counsel (to the extent not inconsistent with such counsel's established
        internal policies) authorizing Lenders to rely upon such opinion to the
        same extent as though it were addressed to Lenders. Each Related
        Agreement shall be in full force and effect, shall include terms and
        provisions reasonably satisfactory to Administrative Agent and
        Syndication Agent and no provision thereof shall have been modified or
        waived in any respect reasonably determined by Syndication Agent or
        Administrative Agent to be material, in each case without the consent of
        Syndication Agent and Administrative Agent.

                      (iii) The capitalization structure used to consummate the
        Acquisition and the pro forma capitalization of Company after giving
        effect to the Acquisition and the Related Agreements shall be in form
        and substance reasonably satisfactory to Administrative Agent and
        Syndication Agent.

               (e) Existing Indebtedness. On the Closing Date, Company and its
Subsidiaries shall have (i) repaid in full all Existing Indebtedness, (ii)
terminated any commitments to lend or make other extensions of credit
thereunder, (iii) delivered to Syndication Agent and Administrative Agent all
documents or instruments necessary to release all Liens securing Existing
Indebtedness or other obligations of Company and its Subsidiaries thereunder
being repaid on the Closing Date and (iv) made arrangements satisfactory to
Syndication Agent and Administrative Agent with respect to the cancellation of
any letters of credit outstanding thereunder or the issuance of Letters of
Credit to support the obligations of Company and its Subsidiaries with respect
thereto.

               (f) Transaction Costs. On or prior to the Closing Date, Company
shall have delivered to Administrative Agent Company's reasonable best estimate
of the Transaction Costs (other than fees payable to any Agent).

               (g) Governmental Authorizations and Consents. Each Credit Party
shall have obtained all Governmental Authorizations and all consents of other
Persons, including, without

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limitation, the consent, approval and agreement of the holders of the Senior
Subordinated Notes, in each case that are necessary or advisable in connection
with the transactions contemplated by the Credit Documents and the Related
Agreements (including, without limitation, any provisions contained therein
imposing restrictions upon the sale of Company's Capital Stock by the holders of
the Senior Subordinated Notes) and each of the foregoing shall be in full force
and effect and in form and substance reasonably satisfactory to Syndication
Agent and Administrative Agent. All applicable waiting periods shall have
expired without any action being taken or threatened by any competent authority
which would restrain, prevent or otherwise impose adverse conditions on the
transactions contemplated by the Credit Documents or the Related Agreements or
the financing thereof and no action, request for stay, petition for review or
rehearing, reconsideration or appeal with respect to any of the foregoing shall
be pending, and the time for any applicable agency to take action to set aside
its consent on its own motion shall have expired.

               (h) Personal Property Collateral. In order to create in favor of
Collateral Agent, for the benefit of Secured Parties, a valid, perfected First
Priority security interest in the personal property Collateral, Collateral Agent
shall have received:

                      (i) evidence reasonably satisfactory to Collateral Agent
        and Administrative Agent of the compliance by each Credit Party of their
        obligations under the Pledge and Security Agreement and the other
        Collateral Documents (including, without limitation, their obligations
        to authorize the filing of and deliver UCC financing statements, deliver
        originals of Securities, instruments and chattel paper and execute and
        deliver certain agreements governing Deposit Accounts and/or Securities
        Accounts as provided therein).

                      (ii) A completed Collateral Questionnaire dated the
        Closing Date and executed by an Authorized Officer of each Credit Party,
        together with all attachments contemplated thereby, including (A) the
        results of a recent search, by a Person satisfactory to Collateral
        Agent, of all effective UCC financing statements (or equivalent filings)
        made with respect to any personal or mixed property of any Credit Party
        in the jurisdictions specified in the Collateral Questionnaire, together
        with copies of all such filings disclosed by such search, and (B) UCC
        termination statements (or similar documents) duly authorized by all
        applicable Persons for filing in all applicable jurisdictions as may be
        necessary to terminate any effective UCC financing statements (or
        equivalent filings) disclosed in such search (other than any such
        financing statements in respect of Permitted Liens);

                      (iii) opinions of counsel (which counsel shall be
        reasonably satisfactory to Collateral Agent) with respect to the
        creation and perfection of the security interests in favor of Collateral
        Agent in such Collateral and such other matters governed by the laws of
        each jurisdiction in which any Credit Party is located as Collateral
        Agent may

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<PAGE>
        reasonably request, in the form of Exhibit E to the Pledge and Security
        Agreement and otherwise in form and substance reasonably satisfactory to
        Collateral Agent; and

                      (iv) evidence that each Credit Party shall have taken or
        caused to be taken any other action, executed and delivered or caused to
        be executed and delivered any other agreement, document and instrument
        and made or caused to be made any other filing and recording (other than
        as set forth herein) reasonably required by Collateral Agent.

               (i) Environmental Matters. To the extent reasonably requested
thereby, Syndication Agent and Administrative Agent shall have received reports
and other information, in form, scope and substance reasonably satisfactory to
Syndication Agent and Administrative Agent, confirming the absence of any
material environmental liabilities of Company and its Subsidiaries.

               (j) Financial Statements; Projections; Securities Filings.
Lenders shall have received from Company (i) the Historical Financial
Statements, (ii) the Projections; (iii) Company's Form 8-K to be filed with the
Securities and Exchange Commission on the Closing Date or as soon as practicable
thereafter, which Form 8-K shall include pro forma financial statements of
Company and its Subsidiaries (giving effect to the Acquisition and the other
transactions contemplated by the Credit Documents to occur on or prior to the
Closing Date) in form and substance reasonably satisfactory to Administrative
Agent and Syndication Agent; (iv) Company's Form S-3 to be filed with the
Securities and Exchange Commission on the Closing Date, which Form S-3 shall
contemplate a public offering of Company's Capital Stock, the anticipated
proceeds of which shall be sufficient to repay the Term Loans in full, and (v)
the financial statements of Target and its Subsidiaries for the 1999, 2000 and
2001 fiscal years of Target and its Subsidiaries, audited by Deloitte & Touche
LLP.

               (k) Evidence of Insurance. Syndication Agent and Administrative
Agent shall have received a certificate from Company's insurance broker or other
evidence satisfactory to it that all insurance required to be maintained
pursuant to Section 5.6 is in full force and effect and that Collateral Agent,
for the benefit of Lenders has been named as additional insured and loss payee
thereunder to the extent required under Section 5.6.

               (l) Opinions of Counsel to Credit Parties. Lenders and their
respective counsel shall have received originally executed copies of the
favorable written opinions of Kramer Levin Naftalis & Frankel LLP, counsel for
Credit Parties, in the form of Exhibit D and as to such other matters as
Administrative Agent or Syndication Agent may reasonably request, dated as of
the Closing Date and otherwise in form and substance reasonably satisfactory to
Administrative Agent and Syndication Agent (and each Credit Party hereby
instructs such counsel to deliver such opinions to Agents and Lenders).

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<PAGE>
               (m) Opinions of Counsel to Syndication Agent and Administrative
Agent. Lenders shall have received originally executed copies of one or more
favorable written opinions of Skadden, Arps, Slate, Meagher & Flom LLP, counsel
to Syndication Agent and Administrative Agent dated as of the Closing Date, in
form and substance reasonably satisfactory to Syndication Agent and
Administrative Agent.

               (n) Fees. Company shall have paid to Syndication Agent,
Administrative Agent, Collateral Agent and Co-Documentation Agent, the fees
payable on the Closing Date referred to in Section 2.10(d).

               (o) Solvency Certificate. On the Closing Date, Syndication Agent
and Administrative Agent shall have received a Solvency Certificate from
Company, dated the Closing Date and addressed to Syndication Agent,
Administrative Agent and Lenders, in the form of Exhibit G-2 and otherwise in
form, scope and substance satisfactory to Syndication Agent and Administrative
Agent.

               (p) Closing Date Certificate. Company shall have delivered to
Syndication Agent and Administrative Agent an originally executed Closing Date
Certificate, together with all attachments thereto.

               (q) Credit Rating. The credit facilities provided for under this
Agreement shall have been assigned a credit rating by either S&P and/or Moody's
of not less than B+ in the case of S&P or B1 in the case of Moody's, in each
case with stable outlook.

               (r) Closing Date. Lenders shall have made the Term Loans to
Company on or before September 30, 2002.

               (s) No Litigation. There shall not exist any action, suit,
investigation, litigation or proceeding or other legal or regulatory
developments, pending or threatened in any court or before any arbitrator or
Governmental Authority that, in the reasonable opinion of Administrative Agent
and Syndication Agent, singly or in the aggregate, materially impairs the
Acquisition, the financing thereof or any of the other transactions contemplated
by the Credit Documents or the Related Agreements, or that could reasonably be
expected to have a Material Adverse Effect.

               (t) Completion of Proceedings. All partnership, corporate and
other proceedings taken or to be taken in connection with the transactions
contemplated hereby and all documents incidental thereto not previously found
acceptable by Administrative Agent or Syndication Agent and its counsel shall be
reasonably satisfactory in form and substance to Administrative Agent and
Syndication Agent and such counsel; and Administrative Agent, Syndication Agent
and such counsel shall have received all such counterpart originals or certified
copies of such documents as Administrative Agent or Syndication Agent may
reasonably request.

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<PAGE>
Each Lender, by delivering its signature page to this Agreement and funding a
Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and
consented to and approved, each Credit Document and each other document required
to be approved by any Agent, Requisite Lenders or Lenders, as applicable on the
Closing Date.

        3.2.   CONDITIONS PRECEDENT TO EACH CREDIT EXTENSION.

               (a) Conditions Precedent. The obligation of each Lender to make
any Loan, or Issuing Bank to issue any Letter of Credit, on any Credit Date,
including the Closing Date, is subject to the satisfaction, or waiver in
accordance with Section 10.5, of the following conditions precedent:

                      (i) Administrative Agent shall have received a fully
        executed and delivered Funding Notice or Issuance Notice, as the case
        may be;

                      (ii) after making the Credit Extensions requested on such
        Credit Date, the Total Utilization of Revolving Commitments shall not
        exceed the lesser of (A) the Revolving Commitments then in effect and
        (B) the Borrowing Base then in effect;

                      (iii) as of such Credit Date, the representations and
        warranties contained herein and in the other Credit Documents shall be
        true and correct in all material respects on and as of that Credit Date
        to the same extent as though made on and as of that date, except to the
        extent such representations and warranties specifically relate to an
        earlier date, in which case such representations and warranties shall
        have been true and correct in all material respects on and as of such
        earlier date;

                      (iv) as of such Credit Date, no event shall have occurred
        and be continuing or would result from the consummation of the
        applicable Credit Extension that would constitute an Event of Default or
        a Default;

                      (v) Administrative Agent shall have received the reports
        and calculations listed in Section 5.3 at the times indicated in Section
        5.3, but in any event prior to each Credit Extension;

                      (vi) on or before the date of issuance of any Letter of
        Credit, Administrative Agent shall have received all other information
        required by the applicable Issuance Notice, and such other documents or
        information as Issuing Bank may reasonably require in connection with
        the issuance of such Letter of Credit;

                      (vii) the chief financial officer of Company shall have
        delivered a certificate representing and warranting and otherwise
        demonstrating to the satisfaction of Agents that, as of such Credit
        Date, Company reasonably expects, after giving effect to the proposed
        borrowing and based upon good faith determinations and projections

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<PAGE>
        consistent with the Financial Plan, to be in compliance with all
        operating and financial covenants set forth in this Agreement as of the
        last day of each Fiscal Quarter ending prior to the Revolving Commitment
        Termination Date;

                      (viii) as of such Credit Date, the Leverage Ratio
        determined as of such date after giving effect to the contemplated
        Credit Extension shall not exceed the maximum Leverage Ratio permitted
        as of the last day of the immediately succeeding Fiscal Quarter pursuant
        to Section 6.8;

                      (ix) after giving effect to such Credit Extension, the
        aggregate Cash and Cash Equivalents of Company and its Subsidiaries will
        not exceed $25,000,000;

Any Agent or Requisite Lenders shall be entitled, but not obligated, to request
and receive, prior to the making of any Credit Extension, additional information
reasonably satisfactory to the requesting party confirming the satisfaction of
any of the foregoing if, in the good faith judgment of such Agent or Requisite
Lender, such request is warranted under the circumstances.

               (b) Notices. Any Notice shall be executed by an Authorized
Officer in a writing delivered to Administrative Agent. In lieu of delivering a
Notice, Company may give Administrative Agent telephonic notice by the required
time of any proposed borrowing or conversion/continuation or issuance of a
Letter of Credit, as the case may be; provided, each such notice shall be
promptly confirmed in writing by delivery of the applicable Notice to
Administrative Agent on or before the applicable date of borrowing or
continuation/conversion or issuance. Neither Administrative Agent nor any Lender
shall incur any liability to Company in acting upon any telephonic notice
referred to above that Administrative Agent believes in good faith to have been
given by a duly authorized officer or other person authorized on behalf of
Company or for otherwise acting in good faith.

        3.3. CONDITIONS SUBSEQUENT TO CLOSING DATE. In the event that the Term
Loans shall not have been repaid in full within 180 days following the Closing
Date, within 60 days following Administrative Agent's written request therefor,
Credit Parties will create in favor of Collateral Agent, for the benefit of
Secured Parties, a valid and, subject to any filing and/or recording referred to
herein, perfected First Priority security interest in each Real Estate Asset
listed in Schedule 3.3 and any other Real Estate Assets of Credit Parties in
which such security interest may reasonably be requested by Administrative Agent
(each, a "POST-CLOSING DATE MORTGAGED PROPERTY"). In such event, each applicable
Credit Party shall take all such action and execute and deliver, or cause to be
executed and delivered, all such instruments and other documentation, in form
and substance reasonably satisfactory to Administrative Agent, as Administrative
Agent may reasonably request in order to create such security interest,
including, without limitation:

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               (a) fully executed and notarized Mortgages, in proper form for
recording in all appropriate places in all applicable jurisdictions, encumbering
each Post-Closing Date Mortgaged Property;

               (b) an opinion of counsel (which counsel shall be reasonably
satisfactory to Collateral Agent) in each state in which a Post-Closing Date
Mortgaged Property is located with respect to the enforceability of the form(s)
of Mortgages to be recorded in such state and such other matters as Collateral
Agent may reasonably request, in each case in form and substance reasonably
satisfactory to Collateral Agent; and

               (c) in the case of each Leasehold Property that is a Post-Closing
Date Mortgaged Property, (1) a Landlord Consent and Estoppel and (2) evidence
that such Leasehold Property is a Recorded Leasehold Interest.

SECTION 4.     REPRESENTATIONS AND WARRANTIES

        In order to induce Lenders and Issuing Bank to enter into this Agreement
and to make each Credit Extension to be made thereby, each Credit Party
represents and warrants to each Lender and Issuing Bank, on the Closing Date and
on each Credit Date, that the following statements are true and correct (it
being understood and agreed that the representations and warranties made on the
Closing Date are deemed to be made concurrently with the consummation of the
Acquisition):

        4.1. ORGANIZATION; REQUISITE POWER AND AUTHORITY; QUALIFICATION. Each of
Company and its Subsidiaries (a) is duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization as identified in
Schedule 4.1, (b) has all requisite corporate (or similar) power and authority
to own and operate its properties, to carry on its business as now conducted and
as proposed to be conducted, to enter into the Credit Documents to which it is a
party and to carry out the transactions contemplated thereby and (c) is
qualified to do business and in good standing in every jurisdiction where its
assets are located and wherever necessary to carry out its business and
operations, except in jurisdictions where the failure to be so qualified or in
good standing has not had, and would not be reasonably expected to have, a
Material Adverse Effect.

        4.2. CAPITAL STOCK AND OWNERSHIP. The Capital Stock of each of Company
and its Subsidiaries has been duly authorized and validly issued and is fully
paid and non-assessable. Except as set forth on Schedule 4.2, as of the date
hereof, there is no existing option, warrant, call, right, commitment or other
agreement to which Company or any of its Subsidiaries is a party requiring, and
there is no membership interest or other Capital Stock of Company or any of its
Subsidiaries outstanding which upon conversion or exchange would require, the
issuance by Company or any of its Subsidiaries of any additional membership
interests or other Capital Stock of Company or any of its Subsidiaries or other
Securities convertible into, exchangeable for or evidencing the right to
subscribe for or purchase, a membership interest or other Capital Stock of

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<PAGE>
Company or any of its Subsidiaries. Schedule 4.2 correctly sets forth the
ownership interest of Company and each of its Subsidiaries in their respective
Subsidiaries as of the Closing Date both before and after giving effect to the
Acquisition. As of the Closing Date, (i) each Domestic Subsidiary (other than
Immaterial Subsidiaries) of Company is a Credit Party and (ii) Company and each
such Domestic Subsidiary has taken all of the actions necessary to grant and
perfect a First Priority Lien in favor of Collateral Agent, for the benefit of
Secured Parties, under and to the extent required by the Pledge and Security
Agreement, in the ownership interests of each Foreign Subsidiary (other than
Immaterial Subsidiaries) of Company, which ownership interests are owned by
Company or any Domestic Subsidiary thereof.

        4.3. DUE AUTHORIZATION. The execution, delivery and performance of the
Credit Documents have been duly authorized by all necessary action on the part
of each Credit Party that is a party thereto; provided that this representation
in respect of Mijenix Corporation shall be deemed to be made upon, but not prior
to, the expiry of the period specified in item 3 of Schedule 5.18.

        4.4. NO CONFLICT. The execution, delivery and performance by Credit
Parties of the Credit Documents to which they are parties and the consummation
of the transactions contemplated by the Credit Documents do not and will not (a)
violate any provision of any law or any governmental rule or regulation
applicable to Company or any of its Subsidiaries, any of the Organizational
Documents of Company or any of its Subsidiaries, or any order, judgment or
decree of any court or other agency of government binding on Company or any of
its Subsidiaries which could reasonably be expected to have a Material Adverse
Effect; (b) conflict with, result in a breach of or constitute (with due notice
or lapse of time or both) a default under any Contractual Obligation of Company
or any of its Subsidiaries; (c) result in or require the creation or imposition
of any Lien upon any of the properties or assets of Company or any of its
Subsidiaries (other than any Liens created under any of the Credit Documents in
favor of Collateral Agent, on behalf of Secured Parties); or (d) require any
approval of stockholders, members or partners or any approval or consent of any
Person under any Contractual Obligation of Company or any of its Subsidiaries,
except for such approvals or consents which will be obtained on or before the
Closing Date and disclosed in writing to Lenders.

        4.5. GOVERNMENTAL CONSENTS. The execution, delivery and performance by
Credit Parties of the Credit Documents to which they are parties and the
consummation of the transactions contemplated by the Credit Documents do not and
will not require any registration with, consent or approval of, or notice to, or
other action to, with or by any Governmental Authority except as otherwise set
forth in the Purchase Agreement, and except for filings and recordings with
respect to the Collateral to be made, or otherwise delivered to Collateral Agent
for filing and/or recordation, as of the Closing Date.

        4.6. BINDING OBLIGATION. Each Credit Document has been duly executed and
delivered by each Credit Party that is a party thereto and is the legally valid
and binding obligation of such

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Credit Party, enforceable against such Credit Party in accordance with its
respective terms, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or limiting creditors'
rights generally or by equitable principles relating to enforceability.

        4.7. HISTORICAL FINANCIAL STATEMENTS. The Historical Financial
Statements were prepared in conformity with GAAP and fairly present, in all
material respects, the financial position, on a consolidated basis, of the
Persons described in such financial statements as at the respective dates
thereof and the results of operations and cash flows, on a consolidated basis,
of the entities described therein for each of the periods then ended, subject,
in the case of any such unaudited financial statements, to changes resulting
from audit and normal year-end adjustments. As of the Closing Date, neither
Company nor any of its Subsidiaries has any contingent liability or liability
for taxes, long-term lease or unusual forward or long-term commitment that is
not reflected in the Historical Financial Statements or the notes thereto and
which in any such case is material in relation to the business, operations,
properties, assets, condition (financial or otherwise) or prospects of Company
and its Subsidiaries taken as a whole.

        4.8. PROJECTIONS. On and as of the Closing Date, the Projections of
Company and its Subsidiaries for the period Fiscal Year 2002 through and
including Fiscal Year 2005 (the "PROJECTIONS") are based on good faith estimates
and assumptions made by the management of Company; provided that, while, as of
the Closing Date, management of Company believed that the Projections were
reasonable and attainable, the Projections are not to be viewed as facts and
actual results during the period or periods covered by the Projections may
differ from such Projections and the differences may be material.

        4.9. NO MATERIAL ADVERSE EFFECT. Since December 31, 2001, no event,
circumstance or change has occurred that has caused or evidences, either in any
case or in the aggregate, a Material Adverse Effect.

        4.10. NO RESTRICTED JUNIOR PAYMENTS. Since December 31, 2001, neither
Company nor any of its Subsidiaries has directly or indirectly declared,
ordered, paid or made, or set apart any sum or property for, any Restricted
Junior Payment or agreed to do so except as permitted pursuant to Section 6.5.

        4.11. ADVERSE PROCEEDINGS, ETC. Except as set forth on Schedule 4.11,
there are no Adverse Proceedings, individually or in the aggregate, that, if
adversely determined, could reasonably be expected to have a Material Adverse
Effect. Neither Company nor any of its Subsidiaries (a) is in violation of any
applicable laws (including Environmental Laws) that, individually or in the
aggregate, would reasonably be expected to have a Material Adverse Effect or (b)
is subject to or in default with respect to any final judgments, writs,
injunctions, decrees, rules or regulations of any court or any federal, state,
municipal or other governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign, that,

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individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect.

        4.12. PAYMENT OF TAXES. Except as otherwise permitted under Section 5.4,
all material tax returns and reports of Company and its Subsidiaries (other than
Immaterial Subsidiaries) required to be filed by any of them have been timely
filed, and all material taxes shown on such tax returns to be due and payable
and all assessments, fees and other governmental charges upon Company and its
Subsidiaries and upon their respective properties, assets, income, businesses
and franchises which are due and payable have been paid when due and payable.
Company knows of no proposed tax assessment against Company or any of its
Subsidiaries which is not being actively contested by Company or such Subsidiary
in good faith and by appropriate proceedings; provided, such reserves or other
appropriate provisions, if any, as shall be required in conformity with GAAP
shall have been made or provided therefor.

        4.13. PROPERTIES. Each of Company and its Subsidiaries has (i) good,
sufficient and legal title to (in the case of fee interests in real property),
(ii) valid leasehold interests in (in the case of leasehold interests in real or
personal property) and (iii) good title to (in the case of all other personal
property) all of their respective properties and assets reflected in their
respective Historical Financial Statements referred to in Section 4.7 and in the
most recent financial statements delivered pursuant to Section 5.1, in each case
except for assets disposed of since the date of such financial statements in the
ordinary course of business or as otherwise permitted under Section 6.9. Except
as permitted by this Agreement, all such properties and assets are free and
clear of Liens.

        4.14. ENVIRONMENTAL MATTERS. Neither Company nor any of its Subsidiaries
nor any of their respective Facilities or operations are subject to any
outstanding written order, consent decree or settlement agreement with any
Person relating to any Environmental Law, any Environmental Claim or any
Hazardous Materials Activity that, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect. Neither Company nor
any of its Subsidiaries has received any letter or request for information under
Section 104 of the Comprehensive Environmental Response, Compensation, and
Liability Act (42 U.S.C. Section 9604) or any comparable state law. There are
and, to each of Company's and its Subsidiaries' knowledge, have been no
conditions, occurrences or Hazardous Materials Activities which could reasonably
be expected to form the basis of an Environmental Claim against Company or any
of its Subsidiaries that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect. Neither Company nor any of its
Subsidiaries nor, to any Credit Party's knowledge, any predecessor of Company or
any of its Subsidiaries has filed any notice under any Environmental Law
indicating past or present treatment of Hazardous Materials at any Facility, and
none of Company's or any of its Subsidiaries' operations involves the
generation, transportation, treatment, storage or disposal of hazardous waste,
as defined under 40 C.F.R. Parts 260-270 or any state equivalent. Compliance
with all current or reasonably foreseeable future requirements pursuant to or
under Environmental Laws could not be reasonably expected

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to have, individually or in the aggregate, a Material Adverse Effect. No event
or condition has occurred or is occurring with respect to Company or any of its
Subsidiaries relating to any Environmental Law, any Release of Hazardous
Materials, or any Hazardous Materials Activity which individually or in the
aggregate has had, or could reasonably be expected to have, a Material Adverse
Effect.

        4.15. NO DEFAULTS. Neither Company nor any of its Subsidiaries is in
default in the performance, observance or fulfillment of any of the obligations,
covenants or conditions contained in any of its Contractual Obligations, and no
condition exists which, with the giving of notice or the lapse of time or both,
could reasonably be expected to constitute such a default, except where the
consequences, direct or indirect, of such default or defaults, if any, would not
reasonably be expected to have a Material Adverse Effect.

        4.16. MATERIAL CONTRACTS. Schedule 4.16 contains a true, correct and
complete list of all the Material Contracts in effect on the Closing Date, and
except as described thereon, all such Material Contracts are in full force and
effect and no defaults currently exist thereunder.

        4.17. GOVERNMENTAL REGULATION. Neither Company nor any of its
Subsidiaries is subject to regulation under the Public Utility Holding Company
Act of 1935, the Federal Power Act or the Investment Company Act of 1940 or
under any other federal or state statute or regulation which may limit its
ability to incur Indebtedness or which may otherwise render all or any portion
of the Obligations unenforceable. Neither Company nor any of its Subsidiaries is
a "registered investment company" or a company "controlled" by a "registered
investment company" or a "principal underwriter" of a "registered investment
company" as such terms are defined in the Investment Company Act of 1940.

        4.18. MARGIN STOCK. Neither Company nor any of its Subsidiaries is
engaged principally, or as one of its important activities, in the business of
extending credit for the purpose of purchasing or carrying any Margin Stock. No
part of the proceeds of the Loans made to such Credit Party will be used to
purchase or carry any such margin stock or to extend credit to others for the
purpose of purchasing or carrying any such margin stock or for any purpose that
violates, or is inconsistent with, the provisions of Regulation T, U or X of the
Board of Governors of the Federal Reserve System.

        4.19. EMPLOYEE MATTERS. Neither Company nor any of its Subsidiaries is
engaged in any unfair labor practice that would reasonably be expected to have a
Material Adverse Effect. There is (a) no unfair labor practice complaint pending
against Company or any of its Subsidiaries or, to the best knowledge of Company,
threatened against any of them before the National Labor Relations Board and no
grievance or arbitration proceeding arising out of or under any collective
bargaining agreement that is so pending against Company or any of its
Subsidiaries or, to the best knowledge of Company, threatened against any of
them, (b) no strike or work stoppage in existence or threatened involving
Company or any of its Subsidiaries that

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would reasonably be expected to have a Material Adverse Effect and (c) to the
best knowledge of Company, no union representation question existing with
respect to the employees of Company or any of its Subsidiaries and, to the best
knowledge of Company, no union organization activity that is taking place,
except (with respect to any matter specified in clause (a), (b) or (c) above,
either individually or in the aggregate) such as is not reasonably likely to
have a Material Adverse Effect.

        4.20. EMPLOYEE BENEFIT PLANS. Company, each of its Subsidiaries and each
of their respective ERISA Affiliates are in compliance in all material respects
with all applicable provisions and requirements of ERISA and the Internal
Revenue Code and the regulations and published interpretations thereunder with
respect to each Employee Benefit Plan and have performed all their obligations
under each Employee Benefit Plan. Each Employee Benefit Plan that is intended to
qualify under Section 401(a) of the Internal Revenue Code has received a
favorable determination letter from the Internal Revenue Service indicating that
such Employee Benefit Plan is so qualified and nothing has occurred that could
not be corrected without a material expenditure by Company or its Subsidiaries
or the imposition of a material fine or penalty subsequent to the issuance of
such determination letter which would cause such Employee Benefit Plan to lose
its qualified status. No liability to the PBGC (other than required premium
payments) has been or is expected to be incurred by Company, any of its
Subsidiaries or any of their ERISA Affiliates. No ERISA Event has occurred or is
reasonably expected to occur. Except to the extent required under Section 4980B
of the Internal Revenue Code or similar state laws, no Employee Benefit Plan
provides health or welfare benefits (through the purchase of insurance or
otherwise) for any retired or former employee of Company, any of its
Subsidiaries or any of their respective ERISA Affiliates. The present value of
the aggregate benefit liabilities under each Pension Plan sponsored, maintained
or contributed to by Company, any of its Subsidiaries or any of their ERISA
Affiliates (determined as of the end of the most recent plan year on the basis
of the actuarial assumptions specified for funding purposes in the most recent
actuarial valuation for such Pension Plan) did not exceed the aggregate current
value of the assets of such Pension Plan. As of the most recent valuation date
for each Multiemployer Plan for which the actuarial report is available, the
potential liability of Company, its Subsidiaries and their respective ERISA
Affiliates for a complete withdrawal from such Multiemployer Plan (within the
meaning of Section 4203 of ERISA), when aggregated with such potential liability
for a complete withdrawal from all Multiemployer Plans, based on information
available pursuant to Section 4221(e) of ERISA is zero. Company, each of its
Subsidiaries and each of their ERISA Affiliates have complied with the
requirements of Section 515 of ERISA with respect to each Multiemployer Plan and
are not in material "default" (as defined in Section 4219(c)(5) of ERISA) with
respect to payments to a Multiemployer Plan.

        4.21. CERTAIN FEES. No broker's or finder's fee or commission will be
payable with respect hereto or any of the transactions contemplated hereby
(other than in connection with the Acquisition).

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        4.22. SOLVENCY. Each Credit Party is and, upon the incurrence of any
Obligation by such Credit Party on any date on which this representation and
warranty is made, will be Solvent.

        4.23.  RELATED AGREEMENTS.

               (a) Delivery. Company has delivered to Syndication Agent and
Administrative Agent complete and correct copies of each Related Agreement and
of all exhibits and schedules thereto as of the date hereof.

               (b) Representations and Warranties. Except to the extent
otherwise expressly set forth herein or in the schedules hereto, and subject to
the qualifications set forth therein, each of the representations and warranties
given by any Credit Party in any Related Agreement is true and correct in all
material respects as of the Closing Date (or as of any earlier date to which
such representation and warranty specifically relates). Notwithstanding anything
in the Related Agreements to the contrary, the representations and warranties of
each Credit Party set forth in this Section 4.23 shall, solely for purposes
hereof, survive the Closing Date for the benefit of Lenders.

               (c) Governmental Approvals. All Governmental Authorizations and
all other authorizations, approvals and consents of any other Person required by
the Related Agreements or to consummate the Acquisition have been obtained and
are in full force and effect.

               (d) Conditions Precedent. On the Closing Date, (i) all of the
conditions to effecting or consummating the Acquisition set forth in the Related
Agreements have been duly satisfied or, with the consent of Administrative Agent
and Syndication Agent, waived, and (ii) the Acquisition has been consummated in
all material respects in accordance with the Related Agreements and all
applicable laws.

        4.24. COMPLIANCE WITH STATUTES, ETC. Each of Company and its
Subsidiaries is in compliance with all applicable statutes, regulations and
orders of, and all applicable restrictions imposed by, all Governmental
Authorities in respect of the conduct of its business and the ownership of its
property (including compliance with all applicable Environmental Laws with
respect to any Real Estate Asset or governing its business and the requirements
of any permits issued under such Environmental Laws with respect to any such
Real Estate Asset or the operations of Company or any of its Subsidiaries),
except such non-compliance that, individually or in the aggregate, would not
reasonably be expected to result in a Material Adverse Effect.

        4.25. DISCLOSURE. No representation or warranty of any Credit Party
contained in any Credit Document or in any other documents, certificates or
written statements furnished to Lenders by or on behalf of Company or any of its
Subsidiaries for use in connection with the transactions contemplated hereby
contains any untrue statement of a material fact or omits to state a material
fact (known to Company in the case of any document not furnished by Company)
necessary in order to make the statements contained herein or therein not
misleading in light of

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the circumstances in which the same were made. Any projections and pro forma
financial information contained in such materials are based upon good faith
estimates and assumptions believed by Company to be reasonable at the time made,
it being recognized by Lenders that such projections as to future events are not
to be viewed as facts and that actual results during the period or periods
covered by any such projections may differ from the projected results. There are
no facts known (or which should upon the reasonable exercise of diligence be
known) to Company (other than matters of a general economic nature) that,
individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect and that have not been disclosed herein or in such other
documents, certificates and statements furnished to Lenders for use in
connection with the transactions contemplated hereby.

        4.26.  [RESERVED.]

        4.27.  [RESERVED.]

        4.28. INVENTORY. No Credit Party nor any of its Material Subsidiaries
owns any Inventory.

        4.29. EQUIPMENT. All of the Equipment is used or held for use in Credit
Parties' or their Material Subsidiaries' businesses and is reasonably fit for
such purposes.

        4.30. LOCATION OF EQUIPMENT. Each item of Equipment is not stored with a
bailee, warehouseman, or similar party and is located at one of the locations
identified on Schedule 4.30 under the name of the relevant Credit Party.

        4.31. LOCATION OF CHIEF EXECUTIVE OFFICE; FEIN. The chief executive
office of each Credit Party is located at the address indicated on Schedule
4.31, such address has been the chief executive office of each Credit Party
since July 1, 2000 except as otherwise noted on Schedule 4.31, and each Credit
Party's FEIN is identified on Schedule 4.31. Each Credit Party's exact legal
name is as set forth on the signature pages of this Agreement. The Credit
Parties do not have or use any name other than the names listed on Schedule
4.31. Each Credit Party's jurisdiction of organization is as set forth on
Schedule 4.1 and organizational identification number is as set forth on
Schedule 4.31.

        4.32. INTELLECTUAL PROPERTY. Each Credit Party owns, or has the valid
right to use, all Intellectual Property used in or necessary to the conduct of
its business as currently conducted or as contemplated to be conducted. Each
Credit Party's use of such Intellectual Property in the conduct of its business
does not, to its knowledge, infringe any intellectual property right held by any
third party. All Intellectual Property of each Credit Party, except the
Intellectual Property licensed to such Credit Party by a third party pursuant to
a written license agreement has, been created by employees of such Credit Party
within the scope of their employment and under obligation to assign to such
Credit Party, or by independent contractors under written obligations to assign
all such Intellectual Property, including all rights related thereto, to such
Credit Party.

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No Credit Party has any copyrights (other than immaterial copyrights) from which
it is deriving revenues other than those that have been registered, or for which
such Credit Party has submitted an application for registration, with the United
States Copyright Office or any similar office of any other jurisdiction and that
are the subject of a Copyright Security Agreement that has been filed with the
United States Copyright Office or any similar office of any other jurisdiction
in which such copyright is registered or an application to register is pending.

        4.33. LEASES. Each Credit Party enjoys peaceful and undisturbed
possession under all leases material to its business and to which such Credit
Party is a party or under which it is operating. All of such leases are valid
and subsisting and no material default by any Credit Party exists under any of
them.

        4.34. DEPOSIT ACCOUNTS. Set forth on Schedule 4.34 are all of the
Deposit Accounts of each Credit Party as of the date hereof, including, with
respect to each depository, (i) the name and address of that depository and (ii)
the account numbers of the accounts maintained with such depository.

        4.35. INDEBTEDNESS. Set forth on Schedule 4.35 is a true and complete
list of all Indebtedness of each Credit Party outstanding on the Closing Date
and such Schedule accurately reflects the aggregate principal amount of such
Indebtedness as of the Closing Date. Each Credit Party has provided
Administrative Agent and its counsel with true, correct and complete documents
evidencing the Indebtedness set forth on Schedule 4.35.

        4.36. CUSTOMERS AND SUPPLIERS. There exists no actual or, to the
knowledge of any Credit Party, threatened termination, cancellation or
limitation of, or modification to or change in, the business relationship
between (a) any Credit Party, on the one hand, and any customer or any group
thereof, on the other hand, or (b) any Credit Party, on the one hand, and any
supplier thereof, on the other hand, which in either case (a) or (b) could
reasonably be expected to have a Material Adverse Effect.

SECTION 5.     AFFIRMATIVE COVENANTS

        Each Credit Party covenants and agrees that so long as any Commitment is
in effect and until payment in full of all Obligations and cancellation or
expiration of all Letters of Credit, each Credit Party shall perform, and shall
cause each of its Subsidiaries to perform, all covenants in this Section 5.

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        5.1. FINANCIAL STATEMENTS AND OTHER REPORTS. Company will deliver to
Administrative Agent and Lenders (it being understood and agreed that, to the
extent, but only to the extent, any of the following information or material is
included in Company's periodic reports on Forms 10-K, 10-Q or 8-K, the filing of
such reports with the Securities and Exchange Commission shall be deemed to
constitute delivery of such information or material in satisfaction of the
requirements of this Section 5.1):

               (a) Monthly Reports. Until such time as the Term Loans shall have
been repaid in full, as soon as available, and in any event within thirty (30)
days (forty-five (45) days in the case of a month that is the end of one of the
first three (3) Fiscal Quarters in a Fiscal Year) after the end of each month
ending after the Closing Date, the consolidated balance sheet of Company and its
Subsidiaries as at the end of such month and the related consolidated statements
of income and cash flows of Company and its Subsidiaries for such month and for
the period from the beginning of the then current Fiscal Year to the end of such
month, all in reasonable detail, together with a Financial Officer Certification
with respect thereto;

               (b) Quarterly Financial Statements. As soon as available, and in
any event within forty-five (45) days after the end of each of the first three
(3) Fiscal Quarters of each Fiscal Year, the consolidated balance sheet of
Company and its Subsidiaries as at the end of such Fiscal Quarter and the
related consolidated statements of income and cash flows of Company and its
Subsidiaries for such Fiscal Quarter and for the period from the beginning of
the then current Fiscal Year to the end of such Fiscal Quarter, all in
reasonable detail, together with a Financial Officer Certification with respect
thereto;

               (c) Annual Financial Statements. As soon as available, and in any
event within ninety (90) days after the end of each Fiscal Year, (i) the
consolidated balance sheet of Company and its Subsidiaries as at the end of such
Fiscal Year and the related consolidated (and with respect to statements of
income, consolidating) statements of income, stockholders' equity and cash flows
of Company and its Subsidiaries for such Fiscal Year, setting forth in each case
in comparative form the corresponding figures for the previous Fiscal Year and,
commencing December 31, 2003, the corresponding figures from the Financial Plan
for the Fiscal Year covered by such financial statements, in reasonable detail,
together with a Financial Officer Certification with respect thereto; and (ii)
with respect to such consolidated financial statements a report thereon of
Deloitte & Touche LLP, other independent certified public accountants of
recognized national standing selected by Company, and reasonably satisfactory to
Administrative Agent (which report shall be unqualified as to going concern and
scope of audit, and shall state that such consolidated financial statements
fairly present, in all material respects, the consolidated financial position of
Company and its Subsidiaries as at the dates indicated and the results of their
operations and their cash flows for the periods indicated in conformity with
GAAP applied on a basis consistent with prior years (except as otherwise
disclosed in such financial statements) and that the examination by such
accountants in connection with such consolidated financial statements has been
made in accordance with generally accepted auditing

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standards), together with a written statement by such independent certified
public accountants stating (1) that their audit examination has included a
review of the terms of the Credit Documents, (2) whether, in connection
therewith, any condition or event that constitutes a Default or an Event of
Default has come to their attention and, if such a condition or event has come
to their attention, specifying the nature and period of existence thereof and
(3) that nothing has come to their attention that causes them to believe that
the information contained in any Compliance Certificate is not correct or that
the matters set forth in such Compliance Certificate are not stated in
accordance with the terms hereof;

               (d) Compliance Certificate. Together with each delivery of
financial statements of Company and its Subsidiaries pursuant to Sections 5.1(b)
and 5.1(c), a duly executed and completed Compliance Certificate;

               (e) Statements of Reconciliation after Change in Accounting
Principles. If, as a result of any change in accounting principles and policies
from those used in the preparation of the Historical Financial Statements, the
consolidated financial statements of Company and its Subsidiaries delivered
pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from
the consolidated financial statements that would have been delivered pursuant to
such subsections had no such change in accounting principles and policies been
made, then, together with the first delivery of such financial statements after
such change, one or more statements of reconciliation for all such prior
financial statements in form and substance reasonably satisfactory to
Administrative Agent;

               (f) Notice of Default. Promptly upon any officer of Company
obtaining knowledge (i) of any condition or event that constitutes a Default or
an Event of Default or that notice has been given to Company with respect
thereto; (ii) that any Person has given any notice to Company or any of its
Subsidiaries or taken any other action with respect to any event or condition
set forth in Section 8.1(b); or (iii) of the occurrence of any event or change
that has caused or evidences, either in any case or in the aggregate, a Material
Adverse Effect, a certificate of its Authorized Officers specifying the nature
and period of existence of such condition, event or change, or specifying the
notice given and action taken by any such Person and the nature of such claimed
Event of Default, Default, default, event or condition and what action Company
has taken, is taking and proposes to take with respect thereto;

               (g) Notice of Litigation. Promptly upon any officer of Company
obtaining knowledge of (i) the institution of, or non-frivolous threat of, any
Adverse Proceeding not previously disclosed in writing by Company to Lenders, or
(ii) any material development in any Adverse Proceeding that, in the case of
either (i) or (ii) if adversely determined, could be reasonably expected to have
a Material Adverse Effect, or seeks to enjoin or otherwise prevent the
consummation of, or to recover any damages or obtain relief as a result of, the
transactions contemplated hereby, written notice thereof together with such
other information as may be reasonably available to Company to enable Lenders
and their counsel to evaluate such matters;

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               (h) ERISA. (i) Promptly upon becoming aware of the occurrence of
or forthcoming occurrence of any ERISA Event, a written notice specifying the
nature thereof, what action Company, any of its Subsidiaries or any of their
respective ERISA Affiliates has taken, is taking or proposes to take with
respect thereto and, when known, any action taken or threatened by the Internal
Revenue Service, the Department of Labor or the PBGC with respect thereto; and
(ii) with reasonable promptness, copies of (1) each Schedule B (Actuarial
Information) to the annual report (Form 5500 Series) filed by Company, any of
its Subsidiaries or any of their respective ERISA Affiliates with the Internal
Revenue Service with respect to each Pension Plan, (2) all notices received by
Company, any of its Subsidiaries or any of their respective ERISA Affiliates
from a Multiemployer Plan sponsor concerning an ERISA Event and (3) copies of
such other documents or governmental reports or filings relating to any Employee
Benefit Plan as Administrative Agent shall reasonably request;

               (i) Financial Plan. As soon as practicable and in any event no
later than ten (10) days prior to the beginning of each Fiscal Year, a
consolidated plan and financial forecast for such Fiscal Year and each Fiscal
Year (or portion thereof) through the final maturity date of the Loans (a
"FINANCIAL PLAN"), including (i) a forecasted consolidated balance sheet and
forecasted consolidated statements of income and cash flows of Company and its
Subsidiaries for each such Fiscal Year, together with pro forma Compliance
Certificates for each such Fiscal Year and an explanation of the assumptions on
which such forecasts are based, (ii) forecasted consolidated statements of
income and cash flows of Company and its Subsidiaries for each Fiscal Quarter of
each such Fiscal Year, (iii) forecasts demonstrating projected compliance with
the requirements of Section 6.8 through the final maturity date of the Loans and
(iv) forecasts demonstrating adequate liquidity through the final maturity date
of the Loans without giving effect to any additional debt or equity offerings
not reflected in the Projections, together, in each case, with an explanation of
the assumptions on which such forecasts are based all in form and substance
reasonably satisfactory to Agents;

               (j) Insurance Report. As soon as practicable and in any event by
the last day of each Fiscal Year, a report in form and substance reasonably
satisfactory to Administrative Agent outlining all material insurance coverage
maintained as of the date of such report by Company and its Subsidiaries (other
than Immaterial Subsidiaries) and all material insurance coverage planned to be
maintained by Company and its Subsidiaries (other than Immaterial Subsidiaries)
in the immediately succeeding Fiscal Year;

               (k) Notice of Change in Board of Directors. With reasonable
promptness, written notice of any change in the board of directors (or similar
governing body) of Company;

               (l) Notice Regarding Material Contracts. Promptly, and in any
event within ten (10) Business Days, after (i) any Material Contract of Company
or any of its Subsidiaries is terminated or amended in a manner that is
materially adverse to Company or such Subsidiary, as the case may be, or (ii)
any new Material Contract is entered into, a written statement describing

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such event, with copies of such material amendments or new contracts, delivered
to Administrative Agent (to the extent such delivery is permitted by the terms
of any such Material Contract, provided, no such prohibition on delivery shall
be effective if it were bargained for by Company or its applicable Subsidiary
with the intent of avoiding compliance with this Section 5.1(l)), and an
explanation of any actions being taken with respect thereto;

               (m) Environmental Reports and Audits. As soon as practicable
following receipt thereof, copies of all environmental audits and reports with
respect to environmental matters at any Facility or which relate to any
environmental liabilities of Company or its Subsidiaries which, in any such
case, individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect;

               (n) Information Regarding Collateral. (a) Company will furnish to
Collateral Agent prompt written notice of any change (i) in any Credit Party's
corporate name, (ii) in any Credit Party's identity or corporate structure or
(iii) in any Credit Party's Federal Taxpayer Identification Number. Company
agrees not to effect or permit any change referred to in the preceding sentence
unless all filings have been made under the UCC or otherwise that are reasonably
required in order for Collateral Agent to continue at all times following such
change to have a valid, legal and perfected security interest in all the
Collateral as contemplated in the Collateral Documents. Company also agrees
promptly to notify Collateral Agent if any material portion of the Collateral is
damaged or destroyed;

               (o) Annual Collateral Verification. Each year, at the time of
delivery of annual financial statements with respect to the preceding Fiscal
Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent an
officer's certificate (i) either confirming that there has been no change in
such information since the date of the Collateral Questionnaire delivered on the
Closing Date or the date of the most recent certificate delivered pursuant to
this Section 5.1(o) and/or identifying such changes (ii) certifying that all UCC
financing statements (including fixtures filings, as applicable) or other
appropriate filings, recordings or registrations, have been filed of record in
each governmental, municipal or other appropriate office in each jurisdiction
identified pursuant to clause (i) above to the extent necessary to protect and
perfect the security interests under the Collateral Documents for a period of
not less than 18 months after the date of such certificate (except as noted
therein with respect to any continuation statements to be filed within such
period);

               (p) Taxes. Company shall deliver to Administrative Agent (i)
copies of the federal income tax returns of each Credit Party, and any
amendments thereto, filed with the Internal Revenue Service, and (ii) if and
when filed by any Credit Party and as requested by Administrative Agent,
satisfactory evidence of payment of applicable excise taxes in each jurisdiction
in which (A) any Credit Party conducts business or is required to pay any such
excise tax, (B) where any Credit Party's failure to pay any such applicable
excise tax would result in a Lien on the material properties or assets of any
Credit Party, or (C) where any Credit Party's

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failure to pay any such applicable excise tax would reasonably be expected to
result in a Material Adverse Change; and

               (q) Other Information. (A) Promptly upon their becoming
available, copies of (i) all financial statements, reports, notices and proxy
statements sent or made available generally by Company to its security holders
acting in such capacity or by any Subsidiary of Company to its security holders
other than Company or another Subsidiary of Company, (ii) all regular and
periodic reports and all registration statements and prospectuses, if any, filed
by Company or any of its Subsidiaries with any securities exchange or with the
Securities and Exchange Commission or any governmental or private regulatory
authority, and (iii) all press releases and other statements made available
generally by Company or any of its Subsidiaries to the public concerning
material developments in the business of Company or any of its Subsidiaries and
(B) such other information and data with respect to Company or any of its
Subsidiaries as from time to time may be reasonably requested by Administrative
Agent or any Lender.

        5.2. EXISTENCE. Except as otherwise permitted under Section 6.9, each
Credit Party will, and will cause each of its Subsidiaries (other than
Immaterial Subsidiaries) to, at all times preserve and keep in full force and
effect its existence and all rights and franchises, licenses and permits
material to its business; provided, no Credit Party or any such Subsidiaries
shall be required to preserve any such existence, right or franchise, licenses
and permits if such Person's board of directors (or similar governing body)
shall determine that the preservation thereof is no longer desirable in the
conduct of the business of such Person and that the loss thereof is not
disadvantageous in any material respect to such Person or to Lenders.

        5.3. COLLATERAL REPORTING. Prior to the initial Credit Extension under
the Revolving Commitments, Company will provide Collateral Agent, on a quarterly
basis, with a summary aging of the Accounts and, following the initial Credit
Extension under the Revolving Commitments, with the following documents, at the
following times, in form reasonably satisfactory to Administrative Agent:

Until such time as the Term Loans shall have Credit been repaid in full, monthly
(not later than the 30th day of each month) and, thereafter, quarterly (not
later than the 30th day following the last day of each Fiscal Quarter)

(a) a calculation of the Borrowing Base and summary aging by Party pursuant to
the delivery of a Borrowing Base Certificate, duly completed and executed by the
Chief Financial Officer of Company.

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Upon reasonable request by Collateral Agent (and in any event, unless an Event
of Default shall have occurred and be continuing, no more than twice during any
twelve month period)

(a) copies of invoices in connection with the Accounts, credit memos, remittance
advices, deposit slips, shipping and delivery documents in connection with the
Accounts; and

(b) such other reports as to the Collateral or the financial condition of Credit
Parties as Collateral Agent may reasonably request.

        5.4. PAYMENT OF TAXES AND CLAIMS. Each Credit Party will, and will cause
each of its Subsidiaries to, pay all Taxes imposed upon it or any of its
properties or assets or in respect of any of its income, businesses or
franchises before any penalty or fine accrues thereon, and all claims (including
claims for labor, services, materials and supplies) for sums that have become
due and payable and that by law have or may become a Lien upon any of its
properties or assets, prior to the time when any penalty or fine shall be
incurred with respect thereto; provided, no such Tax or claim need be paid if it
is being contested in good faith by appropriate proceedings promptly instituted
and diligently conducted, so long as (a) adequate reserve or other appropriate
provision, as shall be required in conformity with GAAP, shall have been made
therefor, and (b) in the case of a charge or claim which has or may become a
Lien against any of the Collateral, such contest proceedings conclusively
operate to stay the sale of any portion of the Collateral to satisfy such Tax or
claim. No Credit Party will, nor will it permit any of its Subsidiaries to, file
or consent to the filing of any consolidated income Tax return with any Person
(other than Company or any of its Subsidiaries).

        5.5. MAINTENANCE OF PROPERTIES. Each Credit Party will, and will cause
each of its Subsidiaries (other than Immaterial Subsidiaries) to, maintain or
cause to be maintained in good repair, working order and condition, ordinary
wear and tear excepted, all material properties used or useful in the business
of such Credit Party and its Subsidiaries and from time to time will make or
cause to be made all appropriate repairs, renewals and replacements thereof,
except where the failure to so maintain such properties could not reasonably be
expected to have a Material Adverse Effect.

        5.6. INSURANCE. Company will maintain or cause to be maintained, with
financially sound and reputable insurers, such public liability insurance, third
party property damage insurance, business interruption insurance and casualty
insurance with respect to liabilities, losses or damage in respect of the
assets, properties and businesses of Company and its Subsidiaries (other than
Immaterial Subsidiaries) as may customarily be carried or maintained under
similar circumstances by Persons of established reputation engaged in similar
businesses, in each case in such amounts (giving effect to self-insurance), with
such deductibles, covering such risks and otherwise on such terms and conditions
as shall be customary for such Persons. Each such policy of insurance shall (i)
name Collateral Agent, on behalf of Lenders, as an

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additional insured thereunder as its interests may appear and (ii) in the case
of each casualty insurance policy with respect to loss of property, contain a
loss payable clause or endorsement, reasonably satisfactory in form and
substance to Collateral Agent, that names Collateral Agent, on behalf of
Lenders, as the loss payee thereunder and provides for at least thirty (30)
days' prior written notice to Collateral Agent of any modification or
cancellation of such policy.

        5.7.   [RESERVED.]

        5.8. LEASES. Each Credit Party will, and will cause each of its
Subsidiaries to, (a) pay when due all rents and other amounts payable under any
leases to which such Credit Party or Subsidiary is a party or by which such
Credit Party's or Subsidiary's properties and assets are bound, unless such
payments are the subject of a Permitted Protest or would not reasonably be
expected to have a Material Adverse Effect, and (b) comply at all times with any
other provisions of all leases to which it is a party as lessee, so as to
prevent any loss or forfeiture thereof or thereunder, unless the failure to
comply would not reasonably be expected to have a Material Adverse Effect.

        5.9. INSPECTIONS. Each Credit Party will, and will cause each of its
Subsidiaries (other than Immaterial Subsidiaries) to, permit any authorized
representatives designated by any Lender to visit and inspect any of the
properties of any Credit Party and any of such Subsidiaries, to discuss its and
their affairs, finances and accounts with its and their officers and independent
public accountants and, in connection therewith, to make reasonable requests
with respect to information regarding Company and its Subsidiaries, all upon
reasonable notice and at such reasonable times during normal business hours and
as often as may reasonably be requested; provided that all such visits and
requests shall be coordinated by and through Collateral Agent so as not to be
unduly burdensome on Company. In addition, Company shall permit (and pay the
associated reasonable fees (including customary internally allocated fees of
employees of Collateral Agent as to which invoices have been furnished) and
reasonable expenses of any such authorized representatives retained by
Collateral Agent as to which invoices have been furnished) to be conducted from
time to time such evaluations or appraisals with respect to the Collateral as
Collateral Agent may reasonably request, provided that, unless an Event of
Default shall have occurred and be continuing, such appraisals shall not be
conducted more than twice during any Fiscal Year. To the extent reasonably
required by Collateral Agent as a result of any such evaluation, appraisal or
monitoring, the Borrowing Base shall be modified and the computation of the
Borrowing Base shall be adjusted (which modification or adjustment may include
modifying the eligibility criteria for the Eligible Accounts).

        5.10. LENDERS MEETINGS. Company will, upon the request of Administrative
Agent or Requisite Lenders, participate in a meeting of Administrative Agent and
Lenders once during each Fiscal Year to be held at Company's corporate offices
(or at such other location as may be agreed to by Company and Administrative
Agent) at such time as may be agreed to by Company and Administrative Agent.

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        5.11. COMPLIANCE WITH LAWS. Each Credit Party will comply, and shall
cause each of its Subsidiaries and all other Persons, if any, on or occupying
any Facilities to comply, with the requirements of all applicable laws, rules,
regulations and orders of any Governmental Authority (including all
Environmental Laws), noncompliance with which could reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.

        5.12.  ENVIRONMENTAL.

               (a) Environmental Disclosure. Company will deliver to
Administrative Agent and Lenders:

                      (i) as soon as practicable following receipt thereof,
        copies of all environmental audits, investigations, analyses and reports
        of any kind or character, whether prepared by personnel of Company or
        any of its Subsidiaries or by independent consultants, Governmental
        Authorities or any other Persons, with respect to significant
        environmental matters at any Facility or with respect to any
        Environmental Claims;

                      (ii) promptly upon the occurrence thereof, written notice
        describing in reasonable detail (1) any Release required to be reported
        to any federal, state or local governmental or regulatory agency under
        any applicable Environmental Laws, (2) any remedial action taken by
        Company or any other Person in response to (A) any Hazardous Materials
        Activities the existence of which has a reasonable possibility of
        resulting in one or more Environmental Claims having, individually or in
        the aggregate, a Material Adverse Effect, or (B) any Environmental
        Claims that, individually or in the aggregate, have a reasonable
        possibility of resulting in a Material Adverse Effect and (3) Company's
        discovery of any occurrence or condition on any real property adjoining
        or in the vicinity of any Facility that could cause such Facility or any
        part thereof to be subject to any material restrictions on the
        ownership, occupancy, transferability or use thereof under any
        Environmental Laws;

                      (iii) as soon as practicable following the sending or
        receipt thereof by Company or any of its Subsidiaries, a copy of any and
        all written communications with respect to (1) any Environmental Claims
        that, individually or in the aggregate, have a reasonable possibility of
        giving rise to a Material Adverse Effect, (2) any Release required to be
        reported to any federal, state or local governmental or regulatory
        agency and (3) any request for information from any governmental agency
        that suggests such agency is investigating whether Company or any of its
        Subsidiaries may be potentially responsible for any Hazardous Materials
        Activity;

                      (iv) prompt written notice describing in reasonable detail
        (1) any proposed acquisition of stock, assets or property by Company or
        any of its Subsidiaries that could reasonably be expected to (A) expose
        Company or any of its Subsidiaries to, or result in, Environmental
        Claims that could reasonably be expected to have, individually

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        or in the aggregate, a Material Adverse Effect or (B) affect the ability
        of Company or any of its Subsidiaries to maintain in full force and
        effect all material Governmental Authorizations required under any
        Environmental Laws for their respective operations and (2) any proposed
        action to be taken by Company or any of its Subsidiaries to modify
        current operations in a manner that could reasonably be expected to
        subject Company or any of such Subsidiaries to any additional material
        obligations or requirements under any Environmental Laws; and

                      (v) with reasonable promptness, such other documents and
        information as from time to time may be reasonably requested by
        Administrative Agent in relation to any matters disclosed pursuant to
        this Section 5.12(a).

               (b) Hazardous Materials Activities, Etc. Each Credit Party shall
promptly take, and shall cause each of its Subsidiaries promptly to take, any
and all actions necessary to (i) cure any violation of applicable Environmental
Laws by such Credit Party or its Subsidiaries that could reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect and (ii)
make an appropriate response to any Environmental Claim against such Credit
Party or any of its Subsidiaries and discharge any obligations it may have to
any Person thereunder where failure to do so could reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.

        5.13. ADDITIONAL MATERIAL REAL ESTATE ASSETS. In the event that any
Credit Party acquires a Material Real Estate Asset or a Real Estate Asset owned
on the Closing Date becomes a Material Real Estate Asset and such interest has
not, at the time required by and in accordance with Section 3.3, otherwise been
made subject to the Lien of the Collateral Documents in favor of Collateral
Agent, for the benefit of Secured Parties, then such Credit Party,
contemporaneously with acquiring such Material Real Estate Asset, shall take all
such actions and execute and deliver, or cause to be executed and delivered, all
such mortgages, documents, instruments, agreements, opinions and certificates
similar to those described in Section 3.3 with respect to each such Material
Real Estate Asset that Collateral Agent shall reasonably request to create in
favor of Collateral Agent, for the benefit of Secured Parties, a valid and,
subject to any filing and/or recording referred to herein, perfected First
Priority security interest in such Material Real Estate Asset. In addition to
the foregoing, Company shall, at the request of Requisite Lenders, deliver, from
time to time, to Administrative Agent such appraisals as are required by law or
regulation of Real Estate Assets with respect to which Collateral Agent has been
granted a Lien.

        5.14. SUBSIDIARIES. In the event that (x) any Person (other than an
Immaterial Subsidiary) becomes a Domestic Subsidiary of Company or (y) any
Domestic Subsidiary that is an Immaterial Subsidiary ceases to be an Immaterial
Subsidiary, Company shall (a) promptly cause such Domestic Subsidiary to become
a Guarantor hereunder and a Grantor under the Pledge and Security Agreement by
executing and delivering to Administrative Agent and

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        Collateral Agent a Counterpart Agreement and (b) take all such actions
        and execute and deliver, or cause to be executed and delivered, all such
        documents, instruments, agreements and certificates as are similar to
        those described in Sections 3.1(b), 3.1(h), 3.1(i) and 3.1(l). In the
        event that (A) any Person (other than an Immaterial Subsidiary) becomes
        a Foreign Subsidiary of Company or (B) any Foreign Subsidiary that is an
        Immaterial Subsidiary ceases to be an Immaterial Subsidiary, and, in
        either of cases (A) or (B), the ownership interests of such Foreign
        Subsidiary are owned by Company or by any Domestic Subsidiary thereof,
        Company shall, or shall cause such Domestic Subsidiary to, deliver, all
        such documents, instruments, agreements and certificates as are similar
        to those described in Section 3.1(b), and Company shall take, or shall
        cause such Domestic Subsidiary to take, all of the actions referred to
        in Section 3.1(h) necessary to grant and to perfect a First Priority
        Lien in favor of Collateral Agent, for the benefit of Secured Parties,
        under and to the extent required by the Pledge and Security Agreement in
        such ownership interests. With respect to each such Subsidiary, Company
        shall promptly send to Administrative Agent written notice setting forth
        with respect to such Person (i) the date on which such Person became a
        Subsidiary of Company or ceased to be an Immaterial Subsidiary, as
        applicable, and (ii) all of the data required to be set forth in
        Schedules 4.1 and 4.2 with respect to all Subsidiaries of Company;
        provided, such written notice shall be deemed to supplement Schedule 4.1
        and 4.2 for all purposes hereof.

        5.15. INTEREST RATE PROTECTION. No later than 180 days following the
Closing Date and at all times thereafter, Company shall maintain, or cause to be
maintained, in effect one or more Interest Rate Agreements for a term of not
less than two (2) years and otherwise in form and substance reasonably
satisfactory to Syndication Agent, which Interest Rate Agreements shall
effectively limit the Unadjusted Eurodollar Rate Component of the interest costs
to Company with respect to an aggregate notional principal amount of not less
than 50% of the aggregate principal amount of the Term Loans outstanding from
time to time (based on the assumption that such notional principal amount was a
Eurodollar Rate Loan with an Interest Period of three months) to a rate equal to
not more than 6% per annum.

        5.16. FURTHER ASSURANCES. At any time or from time to time upon the
reasonable request of Administrative Agent, each Credit Party will, at its
expense, promptly execute, acknowledge and deliver such further documents and do
such other acts and things as Administrative Agent or Collateral Agent may
reasonably request in order to effect fully the purposes of the Credit
Documents. In furtherance and not in limitation of the foregoing, each Credit
Party shall take such actions as Administrative Agent or Collateral Agent may
reasonably request from time to time to ensure that the Obligations are
guarantied by the Guarantors and are secured by substantially all of the assets
of Company and its Domestic Subsidiaries (other than Immaterial Subsidiaries)
and all of the outstanding Capital Stock of Company and its Subsidiaries (other
than Immaterial Subsidiaries and subject to limitations contained in the Credit
Documents with respect to Foreign Subsidiaries).

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      5.17. MISCELLANEOUS BUSINESS COVENANTS. Unless otherwise consented to by
Agents or Requisite Lenders:

            (a)   Non-Consolidation. Company will and will cause each of its
Subsidiaries to: (i) maintain entity records and books of account separate from
those of any other entity which is an Affiliate of such entity; (ii) not
commingle its funds or assets with those of any other entity which is an
Affiliate of such entity; and (iii) provide that its board of directors or other
analogous governing body will hold all appropriate meetings to authorize and
approve such entity's actions, which meetings will be separate from those of
other entities.

            (b)   Filing of Agreement. Within thirty (30) days following the
Closing Date, provided that Company or any of its Subsidiaries is otherwise
required to file periodic reports with the Securities and Exchange Commission,
Company or such Subsidiaries shall file a copy of this Agreement and Schedules
1.1(a) and 1.1(b) hereto as a material contract with the Securities and Exchange
Commission.

      5.18. POST-CLOSING OBLIGATIONS. Each Credit Party will and will cause each
of its Subsidiaries to perform the actions or otherwise comply with each of the
terms and conditions set forth on Schedule 5.18 within the relevant time period
following the Closing Date thereon stated.

SECTION 6.  NEGATIVE COVENANTS

      Each Credit Party covenants and agrees that, so long as any Commitment is
in effect and until payment in full of all Obligations and cancellation or
expiration of all Letters of Credit, such Credit Party shall perform, and shall
cause each of its Subsidiaries to perform, all covenants in this Section 6;
provided that, upon the repayment of the Term Loans in full, each of the Dollar
amounts referred to in Sections 6.1, 6.2, 6.7 and 6.9 shall be deemed to be
increased by 300%.

      6.1.  INDEBTEDNESS. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, directly or indirectly, create, incur, assume or guaranty, or
otherwise become or remain directly or indirectly liable with respect to any
Indebtedness, except:

            (a)   the Obligations;

            (b)   Indebtedness of any Credit Party to another Credit Party;
provided, (i) none of such Indebtedness (other than the Lab Specialist Note)
shall be evidenced by any promissory note, (ii) in the case of the Lab
Specialist Note, such note shall be subject to a First Priority Lien pursuant to
the Pledge and Security Agreement, (iii) all such Indebtedness shall be
unsecured and (iii) any payment by any such Guarantor under any Guaranty shall
result in a pro tanto

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reduction of the amount of any Indebtedness owed by such Guarantor to Company or
to any of its Subsidiaries for whose benefit such payment is made;

            (c)   the Senior Subordinated Notes;

            (d)   Indebtedness incurred by Company or any of its Subsidiaries
arising from agreements providing for indemnification, adjustment of purchase
price or similar obligations, or from guaranties or letters of credit, surety
bonds or performance bonds securing the performance of Company or any such
Subsidiary pursuant to such agreements, in connection with Permitted
Acquisitions or permitted dispositions of any business, assets or Subsidiary of
Company or any of its Subsidiaries;

            (e)   Indebtedness which may be deemed to exist pursuant to any
guaranties, performance, surety, statutory, appeal or similar obligations
incurred in the ordinary course of business;

            (f)   Indebtedness in respect of netting services, overdraft
protections and otherwise in connection with deposit accounts;

            (g)   guaranties in the ordinary course of business of the
obligations of suppliers, customers, franchisees, lessees and licensees of
Company and its Subsidiaries;

            (h)   guaranties by Company of Indebtedness of a Guarantor or
guaranties by a Subsidiary of Company of Indebtedness of Company or a Guarantor
with respect, in each case, to Indebtedness otherwise permitted to be incurred
pursuant to this Section 6.1;

            (i)   Indebtedness described in Schedule 6.1;

            (j)   extensions, renewals or replacements of Indebtedness permitted
under clauses (a), (c), (h), (i), (k), (l), (m) and (n) of this Section 6.1 to
the extent such extensions, renewals or replacements include terms and
conditions not less favorable to the obligor thereon or to the Lenders than the
Indebtedness being refinanced or extended, and the average life to maturity
thereof is greater than or equal to that of the Indebtedness being refinanced or
extended; provided, such Indebtedness permitted under the immediately preceding
clause shall not (A) exceed in a principal amount the Indebtedness being
renewed, extended or refinanced or (B) be incurred, created or assumed if any
Default or Event of Default has occurred and is continuing or would result
therefrom;

            (k)   Indebtedness with respect to Capital Leases in an aggregate
amount not to exceed at any time $2,000,000;

            (l)   purchase money Indebtedness in an aggregate amount not to
exceed at any time $10,000,000 (including any Indebtedness acquired in
connection with a Permitted

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Acquisition); provided, any such Indebtedness (i) shall be secured only to the
asset acquired in connection with the incurrence of such Indebtedness and (ii)
shall constitute not less than 50% of the aggregate consideration paid with
respect to such asset;

            (m)   Indebtedness of an Immaterial Subsidiary or Foreign Subsidiary
to a Credit Party; provided that the aggregate principal amount of all such
Indebtedness outstanding at any time (net of intercompany offsets made in
accordance with Company's and its Subsidiaries' standard past practices) shall
not exceed $4,000,000; and

            (n)   upon the repayment in full of the Term Loans, other unsecured
Indebtedness in an aggregate amount not to exceed $5,000,000 at any time.

      6.2.  LIENS. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, directly or indirectly, create, incur, assume or permit to
exist any Lien on or with respect to any property or asset of any kind
(including any document or instrument in respect of goods or accounts
receivable) of Company or any of its Subsidiaries, whether now owned or
hereafter acquired, or any income or profits therefrom, or file or permit the
filing of, or permit to remain in effect, any financing statement or other
similar notice of any Lien with respect to any such property, asset, income or
profits under the UCC of any State or under any similar recording or notice
statute, except:

            (a)   Liens in favor of Collateral Agent for the benefit of Secured
Parties granted pursuant to any Credit Document;

            (b)   Liens for Taxes if obligations with respect to such Taxes are
being contested in good faith by appropriate proceedings promptly instituted and
diligently conducted;

            (c)   statutory Liens of landlords, banks (and rights of set-off),
carriers, warehousemen, mechanics, repairmen, workmen and materialmen, and other
Liens imposed by law (other than any such Lien imposed pursuant to Section
401(a)(29) or 412(n) of the Internal Revenue Code or by ERISA), in each case
incurred in the ordinary course of business (i) for amounts not yet overdue or
(ii) for amounts that are overdue and that (in the case of any such amounts
overdue for a period in excess of five days) are being contested in good faith
by appropriate proceedings, so long as such reserves or other appropriate
provisions, if any, as shall be required by GAAP, shall have been made for any
such contested amounts;

            (d)   Liens incurred in the ordinary course of business in
connection with workers' compensation, unemployment insurance and other types of
social security, or to secure the performance of tenders, statutory obligations,
surety and appeal bonds, bids, leases, government contracts, trade contracts,
performance and return-of-money bonds and other similar obligations (exclusive
of obligations for the payment of borrowed money or other Indebtedness), so long
as no foreclosure, sale or similar proceedings have been commenced with respect
to any portion of the Collateral on account thereof;

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            (e)   easements, rights-of-way, restrictions, encroachments and
other minor defects or irregularities in title, in each case which do not and
will not interfere in any material respect with the ordinary conduct of the
business of Company or any of its Subsidiaries;

            (f)   any interest or title of a lessor or sublessor under any lease
of real estate permitted hereunder;

            (g)   Liens solely on any cash earnest money deposits made by
Company or any of its Subsidiaries in connection with any letter of intent or
purchase agreement permitted hereunder;

            (h)   purported Liens evidenced by the filing of precautionary UCC
financing statements relating solely to operating leases of personal property
entered into in the ordinary course of business;

            (i)   Liens in favor of customs and revenue authorities arising as a
matter of law to secure payment of customs duties in connection with the
importation of goods;

            (j)   any zoning or similar law or right reserved to or vested in
any governmental office or agency to control or regulate the use of any real
property;

            (k)   licenses of patents, trademarks and other intellectual
property rights granted by Company or any of its Subsidiaries in the ordinary
course of business and not interfering in any material respect with the ordinary
conduct of the business of Company or such Subsidiary;

            (l)   Liens described in Schedule 6.2;

            (m)   Liens securing Indebtedness permitted pursuant to Section
6.1(k) or (l); provided, any such Lien shall encumber only the asset acquired
with the proceeds of such Indebtedness; and

            (n)   Liens that are replacements of Liens permitted under the other
clauses of this Section 6.2 to the extent that the original Indebtedness is
refinanced, renewed or extended in accordance with and under Section 6.1(j) and
so long as the replacement Liens only encumber those assets that secured the
refinanced, renewed, or extended Indebtedness;

            (o)   other Liens on assets other than the Collateral securing
Indebtedness in an aggregate amount not to exceed $2,000,000 at any time
outstanding.

Notwithstanding the foregoing, in no event shall any Credit Party, nor shall any
Credit Party permit any of its Subsidiaries to, make any Investment which
results in or facilitates in any manner any Restricted Junior Payment not
otherwise permitted under the terms of Section 6.5.

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      6.3.  EQUITABLE LIEN. If any Credit Party or any of its Subsidiaries shall
create or assume any Lien upon any of its properties or assets, whether now
owned or hereafter acquired, other than Permitted Liens, it shall make or cause
to be made effective provisions whereby the Obligations will be secured by such
Lien equally and ratably with any and all other Indebtedness secured thereby as
long as any such Indebtedness shall be so secured; provided, notwithstanding the
foregoing, this covenant shall not be construed as a consent by Requisite
Lenders to the creation or assumption of any such Lien not otherwise permitted
hereby.

      6.4.  NO FURTHER NEGATIVE PLEDGES. Except with respect to (a) specific
property encumbered to secure payment of particular Indebtedness or to be sold
pursuant to an executed agreement with respect to a permitted Asset Sale and (b)
restrictions by reason of customary provisions restricting assignments,
subletting or other transfers contained in leases, licenses and similar
agreements entered into in the ordinary course of business (provided, that such
restrictions are limited to the property or assets secured by such Liens or the
property or assets subject to such leases, licenses or similar agreements, as
the case may be), no Credit Party nor any of its Subsidiaries shall enter into
any agreement prohibiting the creation or assumption of any Lien upon any of its
properties or assets, whether now owned or hereafter acquired.

      6.5.  RESTRICTED JUNIOR PAYMENTS. No Credit Party shall, nor shall it
permit any of its Subsidiaries or Affiliates through any manner or means or
through any other Person to, directly or indirectly, declare, order, pay, make
or set apart, or agree to declare, order, pay, make or set apart any sum for any
Restricted Junior Payment except that Company may (i) make regularly scheduled
payments of interest in respect of any Subordinated Indebtedness in accordance
with the terms of, and only to the extent required by and subject to the
subordination provisions contained in, the indenture or other agreement pursuant
to which such Subordinated Indebtedness was issued, (ii) accelerate interest
payments and pay any related premiums in connection with the conversion of the
Senior Subordinated Notes, provided that the aggregate Cash paid in connection
with all such payments of interest and premiums shall not exceed $4,000,000 and
(iii) make any payments to Palisade Concentrated Equity Partnership, L.P. solely
to the extent required by Sections 6 and 7, respectively, of the Termination,
Amendment and Consent.

      6.6.  RESTRICTIONS ON SUBSIDIARY DISTRIBUTIONS. Except as provided herein,
no Credit Party shall, nor shall it permit any of its Subsidiaries to, create or
otherwise cause or suffer to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any such Subsidiary of
Company to (a) pay dividends or make any other distributions on any of such
Subsidiary's Capital Stock owned by Company or any other Subsidiary of Company,
(b) repay or prepay any Indebtedness owed by such Subsidiary to Company or any
other Subsidiary of Company, (c) make loans or advances to Company or any other
Subsidiary of Company or (d) transfer any of its property or assets to Company
or any other Subsidiary of Company other than restrictions (i) in agreements
evidencing Indebtedness permitted by Section 6.1 (k) or (l) that impose
restrictions on the property so acquired, (ii) by reason of customary

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<PAGE>
provisions restricting assignments, subletting or other transfers contained in
leases, licenses, joint venture agreements and similar agreements entered into
in the ordinary course of business and (iii) that are or were created by virtue
of any transfer of, agreement to transfer or option or right with respect to any
property, assets or Capital Stock not otherwise prohibited under this Agreement.

      6.7.  INVESTMENTS. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, directly or indirectly, make or own any Investment in any
Person, including without limitation any Joint Venture, except:

            (a)   subject to Section 6.21, Cash Equivalents;

            (b)   equity Investments owned as of the Closing Date in any
Subsidiary and Investments made after the Closing Date in Credit Parties;

            (c)   Investments (i) in any Securities received in satisfaction or
partial satisfaction thereof from financially troubled account debtors and (ii)
in the form of deposits, prepayments and other credits to suppliers made in the
ordinary course of business consistent with the past practices of Credit Parties
and their respective Subsidiaries;

            (d)   intercompany Indebtedness to the extent permitted under
Section 6.1(b) and/or 6.1(m);

            (e)   Consolidated Capital Expenditures permitted by Section 6.8(e);

            (f)   loans and advances to employees of Company and its
Subsidiaries made in the ordinary course of business in an aggregate principal
amount not to exceed $1,000,000;

            (g)   Investments made in connection with Permitted Acquisitions
permitted pursuant to Section 6.9;

            (h)   Investments described in Schedule 6.7;

            (i)   the Acquisition; and

            (j)   other Investments in an aggregate amount not to exceed at any
time $2,000,000.

      6.8.  FINANCIAL COVENANTS.

            (a)   [Reserved.]

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<PAGE>
            (b)   Fixed Charge Coverage Ratio. Company shall not permit the
Fixed Charge Coverage Ratio as of the last day of any Fiscal Quarter, beginning
with the Fiscal Quarter ending December 31, 2002, to be less than 1.25:1.00.

            (c)   Leverage Ratio. Company shall not permit the Leverage Ratio as
of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending
December 31, 2002, to exceed the correlative ratio indicated:

<TABLE>
<CAPTION>
                  FISCAL
                  QUARTER ENDING                 LEVERAGE RATIO
<S>                                              <C>
                  December 31, 2002              1.5:1.0
                  March 31, 2003                 1.0:1.0
                  June 30, 2003                  1.0:1.0
                  September 30, 2003             1.0:1.0
                  December 31, 2003              1.0:1.0
                  March 31, 2004                 0.5:1.0
                  June 30, 2004                  0.5:1.0
                  September 30, 2004             0.5:1.0
                  December 31, 2004              0.5:1.0
                  March 31, 2005                 0.5:1.0
                  June 30, 2005                  0.5:1.0
                  September 30, 2005             0.5:1.0
</TABLE>

            (d)   Consolidated Adjusted EBITDA. Company shall not permit
Consolidated Adjusted EBITDA as at the end of any Fiscal Quarter, beginning with
the Fiscal Quarter ending December 31, 2002, for the four Fiscal Quarter period
then ended to be less than the correlative amount indicated:

<TABLE>
<CAPTION>
                  FISCAL                         CONSOLIDATED
                  QUARTER ENDING                 ADJUSTED EBITDA
<S>                                              <C>
                  December 31, 2002              $60,000,000
                  March 31, 2003                 $70,000,000
                  June 30, 2003                  $70,000,000
                  September 30, 2003             $70,000,000
                  December 31, 2003              $70,000,000
</TABLE>

                                       94
<PAGE>
<TABLE>
<CAPTION>
                  FISCAL                         CONSOLIDATED
                  QUARTER ENDING                 ADJUSTED EBITDA
<S>                                              <C>
                  March 31, 2004                 $70,000,000
                  June 30, 2004                  $70,000,000
                  September 30, 2004             $70,000,000
                  December 31, 2004              $70,000,000
                  March 31, 2005                 $70,000,000
                  June 30, 2005                  $70,000,000
                  September 30, 2005             $70,000,000
</TABLE>

            (e)   Maximum Consolidated Capital Expenditures. Company shall not,
and shall not permit its Subsidiaries to, make or incur Consolidated Capital
Expenditures, in any time period indicated below, in an aggregate amount for
Company and its Subsidiaries in excess of the corresponding amount set forth
below opposite such time period; provided, such amount for any time period shall
be increased by an amount equal to the excess, if any (but in no event more than
50%), of such amount for the immediately preceding time period (as adjusted in
accordance with this proviso) over the actual amount of Consolidated Capital
Expenditures for such immediately preceding time period:

<TABLE>
<CAPTION>
            TIME PERIOD                            CONSOLIDATED
                                                   CAPITAL EXPENDITURES
<S>                                                <C>
            Closing Date through                   $4,000,000
            December 31, 2002
            Fiscal Year 2003                       $15,000,000
            Fiscal Year 2004                       $15,000,000
            January 1, 2005 through third          $11,000,000
            anniversary of Closing Date
</TABLE>

            (f)   Certain Calculations. With respect to any period during which
a Permitted Acquisition or an Asset Sale shall have occurred (each, a "SUBJECT
TRANSACTION"), for purposes of determining compliance with the financial
covenants set forth in this Section 6.8, Consolidated Adjusted EBITDA and the
components of Consolidated Fixed Charges shall be calculated with respect to
such period on a pro forma basis (including pro forma adjustments arising out of
events which are directly attributable to a specific transaction, are factually
supportable and are expected to have a continuing impact, in each case
determined on a basis consistent with Article 11 of Regulation S-X promulgated
under the Securities Act and as

                                       95
<PAGE>
interpreted by the staff of the Securities and Exchange Commission, which would
include cost savings resulting from head count reduction, closure of facilities
and similar restructuring charges, which pro forma adjustments shall be
certified by the chief financial officer of Company) using the historical
audited financial statements of any business so acquired or to be acquired or
sold or to be sold and the consolidated financial statements of Company and its
Subsidiaries which shall be reformulated as if such Subject Transaction, and any
Indebtedness incurred or repaid in connection therewith, had been consummated or
incurred or repaid at the beginning of such period (and assuming that such
Indebtedness bears interest during any portion of the applicable measurement
period prior to the relevant acquisition at the weighted average of the interest
rates applicable to outstanding Loans incurred during such period).

For the purposes of determining compliance with the covenant set forth at
Section 6.8(d), following consummation of a Permitted Acquisition at any time
after the Closing Date, each of the minimum Consolidated Adjusted EBITDA amounts
set forth in Section 6.8(d) shall be increased by 100% of EBITDA of the entity
or assets being acquired for the four-quarter period most recently ended prior
to the consummation of such Permitted Acquisition.

      6.9.  FUNDAMENTAL CHANGES; DISPOSITION OF ASSETS; ACQUISITIONS. No Credit
Party shall, nor shall it permit any of its Subsidiaries (other than Immaterial
Subsidiaries) to, enter into any transaction of merger or consolidation, or
liquidate, wind-up or dissolve itself (or suffer any liquidation or
dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor),
transfer or otherwise dispose of, in one transaction or a series of
transactions, all or any part of its business, assets or property of any kind
whatsoever, whether real, personal or mixed and whether tangible or intangible,
whether now owned or hereafter acquired, or acquire by purchase or otherwise
(other than purchases or other acquisitions of inventory, materials and
equipment in the ordinary course of business) the business, property or fixed
assets of, or stock or other evidence of beneficial ownership of, any Person or
any division or line of business or other business unit of any Person, except:

            (a)   any Subsidiary of Company may be merged with or into Company
or any Guarantor, or be liquidated, wound up or dissolved, or all or any part of
its business, property or assets may be conveyed, sold, leased, transferred or
otherwise disposed of, in one transaction or a series of transactions, to
Company or any Guarantor; provided, in the case of such a merger, Company or
such Guarantor, as applicable, shall be the continuing or surviving Person;

            (b)   sales or other dispositions of assets that do not constitute
Asset Sales;

            (c)   Asset Sales, the proceeds of which (valued at the principal
amount thereof in the case of non-Cash proceeds consisting of notes or other
debt Securities and valued at fair market value in the case of other non-Cash
proceeds) when aggregated with the proceeds of all other Asset Sales made within
the same Fiscal Year, are less than $7,000,000; provided (1) the consideration
received for such assets shall be in an amount at least equal to the fair market
value

                                       96
<PAGE>
thereof (determined in good faith by the board of directors (or similar
governing body) of Company), (2) no less than 25% thereof shall be paid in Cash
and (3) the Net Asset Sale Proceeds thereof shall be applied as required by
Section 2.13(a);

            (d)   disposals of obsolete, worn out or surplus property;

            (e)   Permitted Acquisitions, the consideration for which
constitutes (unless such consideration is comprised solely of Capital Stock)
less than $10,000,000 in the aggregate in any Fiscal Year;

            (f)   the Acquisition; and

            (g)   Investments made in accordance with Section 6.7.

      6.10. DISPOSAL OF SUBSIDIARY INTERESTS. Except for any sale of all of its
interests in the Capital Stock of any of its Subsidiaries in compliance with the
provisions of Section 6.9, no Credit Party shall (a) directly or indirectly
sell, assign, pledge or otherwise encumber or dispose of any Capital Stock of
any of its Subsidiaries (other than Immaterial Subsidiaries), except to qualify
directors if required by applicable law or (b) permit any of its Subsidiaries
directly or indirectly to sell, assign, pledge or otherwise encumber or dispose
of any Capital Stock of any of its Subsidiaries, except to another Credit Party
(subject to the restrictions on such disposition otherwise imposed hereunder) or
to qualify directors if required by applicable law.

      6.11. SALES AND LEASE-BACKS. No Credit Party shall, nor shall it permit
any of its Subsidiaries to, directly or indirectly, become or remain liable as
lessee or as a guarantor or other surety with respect to any lease of any
property (whether real, personal or mixed), whether now owned or hereafter
acquired, which such Credit Party (a) has sold or transferred or is to sell or
to transfer to any other Person (other than any Credit Party or any of its
Subsidiaries) or (b) intends to use for substantially the same purpose as any
other property which has been or is to be sold or transferred by such Credit
Party to any Person (other than any Credit Party or any of its Subsidiaries) in
connection with such lease.

      6.12. TRANSACTIONS WITH SHAREHOLDERS AND AFFILIATES. No Credit Party
shall, nor shall it permit any of its Subsidiaries to, directly or indirectly,
enter into or permit to exist any transaction (including the purchase, sale,
lease or exchange of any property or the rendering of any service) with any
Affiliate of Company or of any such holder, on terms that are less favorable to
Company or that Subsidiary, as the case may be, than those that might be
obtained at the time from a Person who is not such a holder or Affiliate;
provided, the foregoing restriction shall not apply to (a) any transaction
between Company and any Guarantor, (b) reasonable and customary fees paid to
members of the board of directors (or similar governing body) of Company and its
Subsidiaries, (c) compensation arrangements for officers and other employees of
Company and its Subsidiaries entered into in the ordinary course of business and
(d) transactions described in Schedule 6.12.

                                       97
<PAGE>
      6.13. CONDUCT OF BUSINESS. From and after the Closing Date, no Credit
Party shall, nor shall it permit any of its Subsidiaries to, engage in any
business other than (i) the businesses engaged in by such Credit Party or such
Subsidiary on the Closing Date and similar or related businesses and (ii) such
other lines of business as may be consented to by Requisite Lenders.

      6.14. USE OF PROCEEDS. Company will use the proceeds of the Term Loans
only to finance a portion of the Cash portion of the purchase price to be paid
in connection with the Acquisition and the proceeds of the Revolving Loans and
the Letters of Credit only to finance the working capital needs and other
general corporate purposes of Company and its Domestic Subsidiaries.

      6.15. AMENDMENTS OR WAIVERS OF CERTAIN RELATED AGREEMENTS. No Credit Party
shall, nor shall it permit any of its Subsidiaries to, agree to any material
amendment, restatement, supplement or other modification to, or waiver of, any
of its material rights under any Related Agreement (as amended, restated,
supplemented or otherwise modified from time to time) after the Closing Date,
without in each case obtaining the prior written consent of Requisite Lenders to
such amendment, restatement, supplement or other modification or waiver.

      6.16. AMENDMENTS OR WAIVERS WITH RESPECT TO SUBORDINATED INDEBTEDNESS. No
Credit Party shall, nor shall it permit any of its Subsidiaries to, amend or
otherwise change the terms of any Subordinated Indebtedness or make any payment
consistent with an amendment thereof or change thereto, if the effect of such
amendment or change is to increase the interest rate on such Subordinated
Indebtedness, change (to earlier dates) any dates upon which payments of
principal or interest are due thereon, change any event of default or condition
to an event of default with respect thereto (other than to eliminate any such
event of default or increase any grace period related thereto), change the
redemption, prepayment or defeasance provisions thereof, or change the
subordination provisions of such Subordinated Indebtedness (or of any guaranty
thereof); or if the effect of such amendment or change, together with all other
amendments or changes made, is to increase materially the obligations of the
obligor thereunder or to confer any additional rights on the holders of such
Subordinated Indebtedness (or a trustee or other representative on their behalf)
which would be adverse to any Credit Party or Lenders.

      6.17. FISCAL YEAR. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, change its Fiscal Year-end from December 31.

      6.18. [RESERVED.]

      6.19. CHANGE NAME. No Credit Party shall change its name or use any name
not listed on Schedule 4.31, FEIN, jurisdiction of incorporation, corporate
structure or identity, or add any new fictitious name; provided, however, that a
Borrower may change its name or use any name not listed on Schedule 4.31, FEIN
or state of incorporation upon at least thirty (30) days prior written notice by
such Credit Party to Administrative Agent of such change and so long as, at the

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<PAGE>
time of such written notification, such Credit Party provides any financing
statements or fixture filings necessary to perfect and continue perfected
Lenders' Liens.

      6.20. [RESERVED.]

      6.21. CASH; CONTROL AGREEMENTS.

            (a)   Company and its Subsidiaries shall not at any time hold Cash
and/or Cash Equivalents in excess of $25,000,000 in the aggregate.

            (b)   Credit Parties shall enter into Control Agreements no later
than thirty (30) days after the Closing Date, in form and substance reasonably
satisfactory to Administrative Agent, with respect to (x) each of their
respective Deposit Accounts and Securities Accounts the balance of which shall
individually equal or exceed $1,000,000 at any time and (y) such Deposit
Accounts and/or Securities Accounts the aggregate balances of which shall
constitute at least eighty per cent (80%) of all of the Cash and Cash
Equivalents held by Credit Parties in the aggregate at any time.

      6.22. [RESERVED.]

SECTION 7.  GUARANTY

      7.1.  GUARANTY OF THE OBLIGATIONS. Subject to the provisions of Section
7.2, Guarantors jointly and severally hereby irrevocably and unconditionally
guaranty to Administrative Agent for the ratable benefit of the Beneficiaries
the due and punctual payment in full of all Obligations when the same shall
become due, whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise (including amounts that would become due but
for the operation of the automatic stay under Section 362(a) of the Bankruptcy
Code) (collectively, the "GUARANTEED OBLIGATIONS").

      7.2.  CONTRIBUTION BY GUARANTORS. All Guarantors desire to allocate among
themselves (collectively, the "CONTRIBUTING GUARANTORS"), in a fair and
equitable manner, their Obligations arising under this Guaranty. Accordingly, in
the event any payment or distribution is made on any date by a Guarantor (a
"FUNDING GUARANTOR") under this Guaranty that exceeds its Fair Share as of such
date, such Funding Guarantor shall be entitled to a contribution from each of
the other Contributing Guarantors in the amount of such other Contributing
Guarantor's Fair Share Shortfall as of such date, with the result that all such
contributions will cause each Contributing Guarantor's Aggregate Payments to
equal its Fair Share as of such date. The amounts payable as contributions
hereunder shall be determined as of the date on which the related payment or
distribution is made by the applicable Funding Guarantor. The allocation among
Contributing Guarantors of their obligations as set forth in this Section 7.2
shall not be construed in any way to limit the liability of any Contributing
Guarantor hereunder. Each Guarantor is a third party beneficiary to the
contribution agreement set forth in this Section 7.2.

                                       99
<PAGE>
      7.3.  PAYMENT BY GUARANTORS. Subject to Section 7.2, Guarantors hereby
jointly and severally agree, in furtherance of the foregoing and not in
limitation of any other right which any Beneficiary may have at law or in equity
against any Guarantor by virtue hereof, that upon the failure of Company to pay
any of the Guaranteed Obligations when and as the same shall become due, whether
at stated maturity, by required prepayment, declaration, acceleration, demand or
otherwise (including amounts that would become due but for the operation of the
automatic stay under Section 362(a) of the Bankruptcy Code), Guarantors will
upon demand pay, or cause to be paid, in Cash, to Administrative Agent for the
ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid
principal amount of all Guaranteed Obligations then due as aforesaid, accrued
and unpaid interest on such Guaranteed Obligations (including interest which,
but for Company's becoming the subject of a case under the Bankruptcy Code,
would have accrued on such Guaranteed Obligations, whether or not a claim is
allowed against Company for such interest in the related bankruptcy case) and
all other Guaranteed Obligations then owed to Beneficiaries as aforesaid.

      7.4.  LIABILITY OF GUARANTORS ABSOLUTE. Each Guarantor agrees that its
obligations hereunder are irrevocable, absolute, independent and unconditional
and shall not be affected by any circumstance which constitutes a legal or
equitable discharge of a guarantor or surety other than payment in full of the
Guaranteed Obligations. In furtherance of the foregoing and without limiting the
generality thereof, each Guarantor agrees as follows:

            (a)   this Guaranty is a guaranty of payment when due and not of
collectability. This Guaranty is a primary obligation of each Guarantor and not
merely a contract of surety;

            (b)   Administrative Agent may enforce this Guaranty upon the
occurrence of an Event of Default notwithstanding the existence of any dispute
between Company and any Beneficiary with respect to the existence of such Event
of Default;

            (c)   the obligations of each Guarantor hereunder are independent of
the obligations of Company and the obligations of any other guarantor (including
any other Guarantor) of the obligations of Company, and a separate action or
actions may be brought and prosecuted against such Guarantor whether or not any
action is brought against Company or any of such other guarantors and whether or
not Company is joined in any such action or actions;

            (d)   payment by any Guarantor of a portion, but not all, of the
Guaranteed Obligations shall in no way limit, affect, modify or abridge any
Guarantor's liability for any portion of the Guaranteed Obligations which has
not been paid. Without limiting the generality of the foregoing, if
Administrative Agent is awarded a judgment in any suit brought to enforce any
Guarantor's covenant to pay a portion of the Guaranteed Obligations, such
judgment shall not be deemed to release such Guarantor from its covenant to pay
the portion of the Guaranteed Obligations that is not the subject of such suit,
and such judgment shall not, except to the extent

                                      100
<PAGE>
satisfied by such Guarantor, limit, affect, modify or abridge any other
Guarantor's liability hereunder in respect of the Guaranteed Obligations;

            (e)   any Beneficiary, upon such terms as it deems appropriate,
without notice or demand and without affecting the validity or enforceability
hereof or giving rise to any reduction, limitation, impairment, discharge or
termination of any Guarantor's liability hereunder, from time to time may (i)
renew, extend, accelerate, increase the rate of interest on, or otherwise change
the time, place, manner or terms of payment of the Guaranteed Obligations; (ii)
settle, compromise, release or discharge, or accept or refuse any offer of
performance with respect to, or substitutions for, the Guaranteed Obligations or
any agreement relating thereto and/or subordinate the payment of the same to the
payment of any other obligations; (iii) request and accept other guaranties of
the Guaranteed Obligations and take and hold security for the payment hereof or
the Guaranteed Obligations; (iv) release, surrender, exchange, substitute,
compromise, settle, rescind, waive, alter, subordinate or modify, with or
without consideration, any security for payment of the Guaranteed Obligations,
any other guaranties of the Guaranteed Obligations, or any other obligation of
any Person (including any other Guarantor) with respect to the Guaranteed
Obligations; (v) enforce and apply any security now or hereafter held by or for
the benefit of such Beneficiary in respect hereof or the Guaranteed Obligations
and direct the order or manner of sale thereof, or exercise any other right or
remedy that such Beneficiary may have against any such security, in each case as
such Beneficiary in its discretion may determine consistent herewith or the
applicable Hedge Agreement and any applicable security agreement, including
foreclosure on any such security pursuant to one or more judicial or nonjudicial
sales, whether or not every aspect of any such sale is commercially reasonable,
and even though such action operates to impair or extinguish any right of
reimbursement or subrogation or other right or remedy of any Guarantor against
Company or any security for the Guaranteed Obligations; and (vi) exercise any
other rights available to it under the Credit Documents or the Hedge Agreements;
and

            (f)   this Guaranty and the obligations of Guarantors hereunder
shall be valid and enforceable and shall not be subject to any reduction,
limitation, impairment, discharge or termination for any reason (other than
payment in full of the Guaranteed Obligations), including the occurrence of any
of the following, whether or not any Guarantor shall have had notice or
knowledge of any of them: (i) any failure or omission to assert or enforce, or
agreement or election not to assert or enforce, or the stay or enjoining, by
order of court, by operation of law or otherwise, of the exercise or enforcement
of, any claim or demand or any right, power or remedy (whether arising under the
Credit Documents or the Hedge Agreements, at law, in equity or otherwise) with
respect to the Guaranteed Obligations or any agreement relating thereto, or with
respect to any other guaranty of or security for the payment of the Guaranteed
Obligations; (ii) any rescission, waiver, amendment or modification of, or any
consent to departure from, any of the terms or provisions (including provisions
relating to events of default) hereof, any of the other Credit Documents, any of
the Hedge Agreements or any agreement or instrument executed pursuant thereto,
or of any other guaranty or security for the Guaranteed Obligations, in each

                                      101
<PAGE>
case whether or not in accordance with the terms hereof or such Credit Document,
such Hedge Agreement or any agreement relating to such other guaranty or
security; (iii) the Guaranteed Obligations, or any agreement relating thereto,
at any time being found to be illegal, invalid or unenforceable in any respect;
(iv) the application of payments received from any source (other than payments
received pursuant to the other Credit Documents or any of the Hedge Agreements
or from the proceeds of any security for the Guaranteed Obligations, except to
the extent such security also serves as collateral for Indebtedness other than
the Guaranteed Obligations) to the payment of Indebtedness other than the
Guaranteed Obligations, even though any Beneficiary might have elected to apply
such payment to any part or all of the Guaranteed Obligations; (v) any
Beneficiary's consent to the change, reorganization or termination of the
corporate structure or existence of Company or any of its Subsidiaries and to
any corresponding restructuring of the Guaranteed Obligations; (vi) any failure
to perfect or continue perfection of a security interest in any collateral which
secures any of the Guaranteed Obligations; (vii) any defenses, set-offs or
counterclaims which Company may allege or assert against any Beneficiary in
respect of the Guaranteed Obligations, including failure of consideration,
breach of warranty, payment, statute of frauds, statute of limitations, accord
and satisfaction and usury; and (viii) any other act or thing or omission, or
delay to do any other act or thing, which may or might in any manner or to any
extent vary the risk of any Guarantor as an obligor in respect of the Guaranteed
Obligations.

                                      102
<PAGE>
      7.5.  WAIVERS BY GUARANTORS. Each Guarantor hereby waives, for the benefit
of Beneficiaries: (a) any right to require any Beneficiary, as a condition of
payment or performance by such Guarantor, to (i) proceed against Company, any
other guarantor (including any other Guarantor) of the Guaranteed Obligations or
any other Person, (ii) proceed against or exhaust any security held from
Company, any such other guarantor or any other Person, (iii) proceed against or
have resort to any balance of any Deposit Account or credit on the books of any
Beneficiary in favor of Company or any other Person or (iv) pursue any other
remedy in the power of any Beneficiary whatsoever; (b) any defense arising by
reason of the incapacity, lack of authority or any disability or other defense
of Company or any other Guarantor including any defense based on or arising out
of the lack of validity or the unenforceability of the Guaranteed Obligations or
any agreement or instrument relating thereto or by reason of the cessation of
the liability of Company or any other Guarantor from any cause other than
payment in full of the Guaranteed Obligations; (c) any defense based upon any
statute or rule of law which provides that the obligation of a surety must be
neither larger in amount nor in other respects more burdensome than that of the
principal; (d) any defense based upon any Beneficiary's errors or omissions in
the administration of the Guaranteed Obligations, except behavior which amounts
to bad faith; (e) (i) any principles or provisions of law, statutory or
otherwise, which are or might be in conflict with the terms hereof and any legal
or equitable discharge of such Guarantor's obligations hereunder, (ii) the
benefit of any statute of limitations affecting such Guarantor's liability
hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments
and counterclaims and (iv) promptness, diligence and any requirement that any
Beneficiary protect, secure, perfect or insure any security interest or Lien or
any property subject thereto; (f) notices, demands, presentments, protests,
notices of protest, notices of dishonor and notices of any action or inaction,
including acceptance hereof, notices of default hereunder, the Hedge Agreements
or any agreement or instrument related thereto, notices of any renewal,
extension or modification of the Guaranteed Obligations or any agreement related
thereto, notices of any extension of credit to Company and notices of any of the
matters referred to in Section 7.4 and any right to consent to any thereof; and
(g) any defenses or benefits that may be derived from or afforded by law which
limit the liability of or exonerate guarantors or sureties, or which may
conflict with the terms hereof.

      7.6.  GUARANTORS' RIGHTS OF SUBROGATION, CONTRIBUTION, ETC. Until the
Guaranteed Obligations shall have been indefeasibly paid in full and the
Revolving Commitments shall have terminated and all Letters of Credit shall have
expired or been cancelled, each Guarantor hereby waives any claim, right or
remedy, direct or indirect, that such Guarantor now has or may hereafter have
against Company or any other Guarantor or any of its assets in connection with
this Guaranty or the performance by such Guarantor of its obligations hereunder,
in each case whether such claim, right or remedy arises in equity, under
contract, by statute, under common law or otherwise and including, without
limitation, (a) any right of subrogation, reimbursement or indemnification that
such Guarantor now has or may hereafter have against Company with

                                      103
<PAGE>
respect to the Guaranteed Obligations, (b) any right to enforce, or to
participate in, any claim, right or remedy that any Beneficiary now has or may
hereafter have against Company and (c) any benefit of, and any right to
participate in, any collateral or security now or hereafter held by any
Beneficiary. In addition, until the Guaranteed Obligations shall have been
indefeasibly paid in full and the Revolving Commitments shall have terminated
and all Letters of Credit shall have expired or been cancelled, each Guarantor
shall withhold exercise of any right of contribution such Guarantor may have
against any other guarantor (including any other Guarantor) of the Guaranteed
Obligations, including, without limitation, any such right of contribution as
contemplated by Section 7.2. Each Guarantor further agrees that, to the extent
the waiver or agreement to withhold the exercise of its rights of subrogation,
reimbursement, indemnification and contribution as set forth herein is found by
a court of competent jurisdiction to be void or voidable for any reason, any
rights of subrogation, reimbursement or indemnification such Guarantor may have
against Company or against any collateral or security, and any rights of
contribution such Guarantor may have against any such other guarantor, shall be
junior and subordinate to any rights any Beneficiary may have against Company,
to all right, title and interest any Beneficiary may have in any such collateral
or security, and to any right any Beneficiary may have against such other
guarantor. If any amount shall be paid to any Guarantor on account of any such
subrogation, reimbursement, indemnification or contribution rights at any time
when all Guaranteed Obligations shall not have been finally and indefeasibly
paid in full, such amount shall be held in trust for Administrative Agent on
behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent
for the benefit of Beneficiaries to be credited and applied against the
Guaranteed Obligations, whether matured or unmatured, in accordance with the
terms hereof.

      7.7.  SUBORDINATION OF OTHER OBLIGATIONS. Any Indebtedness of Company or
any Guarantor now or hereafter held by any Guarantor (the "OBLIGEE GUARANTOR")
is hereby subordinated in right of payment to the Guaranteed Obligations, and
any such Indebtedness collected or received by the Obligee Guarantor after an
Event of Default has occurred and is continuing shall be held in trust for
Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over
to Administrative Agent for the benefit of Beneficiaries to be credited and
applied against the Guaranteed Obligations but without affecting, impairing or
limiting in any manner the liability of the Obligee Guarantor under any other
provision hereof.

      7.8.  CONTINUING GUARANTY. This Guaranty is a continuing guaranty and
shall remain in effect until all of the Guaranteed Obligations shall have been
paid in full and the Revolving Commitments shall have terminated and all Letters
of Credit shall have expired or been cancelled. Each Guarantor hereby
irrevocably waives any right to revoke this Guaranty as to future transactions
giving rise to any Guaranteed Obligations.

      7.9.  AUTHORITY OF GUARANTORS OR COMPANY. It is not necessary for any
Beneficiary to inquire into the capacity or powers of any Guarantor or Company
or the officers, directors or any agents acting or purporting to act on behalf
of any of them.

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      7.10. FINANCIAL CONDITION OF COMPANY. Any Credit Extension may be made to
Company or continued from time to time, and any Hedge Agreements may be entered
into from time to time, in each case without notice to or authorization from any
Guarantor, regardless of the financial or other condition of Company at the time
of any such grant or continuation or at the time such Hedge Agreement is entered
into, as the case may be. No Beneficiary shall have any obligation to disclose
or discuss with any Guarantor its assessment, or any Guarantor's assessment, of
the financial condition of Company. Each Guarantor has adequate means to obtain
information from Company on a continuing basis concerning the financial
condition of Company and its ability to perform its Obligations, and each
Guarantor assumes the responsibility for being and keeping informed of the
financial condition of Company and of all circumstances bearing upon the risk of
nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and
relinquishes any duty on the part of any Beneficiary to disclose any matter,
fact or thing relating to the business, operations or conditions of Company now
known or hereafter known by any Beneficiary.

      7.11. BANKRUPTCY, ETC. (a) So long as any Guaranteed Obligations remain
outstanding, no Guarantor shall, without the prior written consent of
Administrative Agent acting pursuant to the instructions of Requisite Lenders,
commence or join with any other Person in commencing any bankruptcy,
reorganization or insolvency case or proceeding of or against Company or any
other Guarantor. The obligations of Guarantors hereunder shall not be reduced,
limited, impaired, discharged, deferred, suspended or terminated by any case or
proceeding, voluntary or involuntary, involving the bankruptcy, insolvency,
receivership, reorganization, liquidation or arrangement of Company or any other
Guarantor or by any defense which Company or any other Guarantor may have by
reason of the order, decree or decision of any court or administrative body
resulting from any such proceeding.

            (b)   Each Guarantor acknowledges and agrees that any interest on
any portion of the Guaranteed Obligations which accrues after the commencement
of any case or proceeding referred to in clause (a) above (or, if interest on
any portion of the Guaranteed Obligations ceases to accrue by operation of law
by reason of the commencement of such case or proceeding, such interest as would
have accrued on such portion of the Guaranteed Obligations if such case or
proceeding had not been commenced) shall be included in the Guaranteed
Obligations because it is the intention of Guarantors and Beneficiaries that the
Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should
be determined without regard to any rule of law or order which may relieve
Company of any portion of such Guaranteed Obligations. Guarantors will permit
any trustee in bankruptcy, receiver, debtor in possession, assignee for the
benefit of creditors or similar person to pay Administrative Agent, or allow the
claim of Administrative Agent in respect of, any such interest accruing after
the date on which such case or proceeding is commenced.

            (c)   In the event that all or any portion of the Guaranteed
Obligations are paid by Company, the obligations of Guarantors hereunder shall
continue and remain in full force and

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effect or be reinstated, as the case may be, in the event that all or any part
of such payment(s) are rescinded or recovered directly or indirectly from any
Beneficiary as a preference, fraudulent transfer or otherwise; and any such
payments which are so rescinded or recovered shall constitute Guaranteed
Obligations for all purposes hereunder.

      7.12. DISCHARGE OF GUARANTY UPON SALE OF GUARANTOR. If all of the Capital
Stock of any Guarantor or any of its successors in interest hereunder shall be
sold or otherwise disposed of (including by merger or consolidation) in
accordance with the terms and conditions hereof, the Guaranty of such Guarantor
or such successor in interest, as the case may be, hereunder shall automatically
be discharged and released without any further action by any Beneficiary or any
other Person effective as of the time of such Asset Sale.

SECTION 8.  EVENTS OF DEFAULT

      8.1.  EVENTS OF DEFAULT. If any one or more of the following conditions or
events shall occur:

            (a)   Failure to Make Payments When Due. Failure by Company to pay
(i) when due any installment of principal of any Loan, whether at stated
maturity, by acceleration, by notice of voluntary prepayment, by mandatory
prepayment or otherwise; (ii) when due any amount payable to Issuing Bank in
reimbursement of any drawing under a Letter of Credit; or (iii) any interest on
any Loan or any fee or any other amount due hereunder within five (5) days after
the date due; or

            (b)   Default in Other Agreements. (i) Failure of any Credit Party
or any of their respective Subsidiaries to pay when due any principal of or
interest on or any other amount payable in respect of one or more items of
Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an
individual principal amount of $1,000,000 or more or with an aggregate principal
amount of $2,000,000 or more, in each case beyond the grace period, if any,
provided therefor; or (ii) breach or default by any Credit Party with respect to
any other material term of (1) one or more items of Indebtedness in the
individual or aggregate principal amounts referred to in clause (i) above or (2)
any loan agreement, mortgage, indenture or other agreement relating to such
item(s) of Indebtedness, in each case beyond the grace period, if any, provided
therefor, if the effect of such breach or default is to cause, or to permit the
holder or holders of that Indebtedness (or a trustee on behalf of such holder or
holders) to cause, that Indebtedness to become or be declared due and payable
(or redeemable) prior to its stated maturity or the stated maturity of any
underlying obligation, as the case may be; or

            (c)   Breach of Certain Covenants. Failure of any Credit Party to
perform or comply with any term or condition contained in Section 2.5, Section
5.2 or Section 6; or

            (d)   Breach of Representations, etc. Any representation, warranty,
certification or other statement made or deemed made by any Credit Party in any
Credit Document or in any

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statement or certificate at any time given by any Credit Party or any of its
Subsidiaries in writing pursuant hereto or thereto or in connection herewith or
therewith shall be false in any material respect as of the date made or deemed
made; or

            (e)   Other Defaults Under Credit Documents. Any Credit Party shall
default in the performance of or compliance with any term contained herein or
any of the other Credit Documents, other than any such term referred to in any
other Section of this Section 8.1, and such default shall not have been remedied
or waived within thirty (30) days after the earlier of (i) an officer of such
Credit Party becoming aware of such default or (ii) receipt by Company of notice
from Administrative Agent or any Lender of such default; or

            (f)   Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A
court of competent jurisdiction shall enter a decree or order for relief in
respect of Company or any of its Subsidiaries (other than any Immaterial
Subsidiary) in an involuntary case under the Bankruptcy Code or under any other
applicable bankruptcy, insolvency or similar law now or hereafter in effect,
which decree or order is not stayed; or any other similar relief shall be
granted under any applicable federal or state law; or (ii) an involuntary case
shall be commenced against Company or any of such Subsidiaries under the
Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar
law now or hereafter in effect; or a decree or order of a court having
jurisdiction in the premises for the appointment of a receiver, liquidator,
sequestrator, trustee, custodian or other officer having similar powers over
Company or any of such Subsidiaries, or over all or a substantial part of its
property, shall have been entered; or there shall have occurred the involuntary
appointment of an interim receiver, trustee or other custodian of Company or any
of such Subsidiaries for all or a substantial part of its property; or a warrant
of attachment, execution or similar process shall have been issued against any
substantial part of the property of Company or any of such Subsidiaries, and any
such event described in this clause (ii) shall continue for sixty (60) days
without having been dismissed, bonded or discharged; or

            (g)   Voluntary Bankruptcy; Appointment of Receiver, etc. (i)
Company or any of its Subsidiaries (other than any Immaterial Subsidiary) shall
have an order for relief entered with respect to it or shall commence a
voluntary case under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, or shall
consent to the entry of an order for relief in an involuntary case, or to the
conversion of an involuntary case to a voluntary case, under any such law, or
shall consent to the appointment of or taking possession by a receiver, trustee
or other custodian for all or a substantial part of its property; or Company or
any of such Subsidiaries shall make any assignment for the benefit of creditors;
or (ii) Company or any of such Subsidiaries shall be unable, or shall fail
generally, or shall admit in writing its inability, to pay its debts as such
debts become due; or the board of directors (or similar governing body) of
Company or any of such Subsidiaries (or any committee thereof) shall adopt any
resolution or otherwise authorize any action to approve any of the actions
referred to herein or in Section 8.1(f); or

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            (h)   Judgments and Attachments. Any money judgment, writ or warrant
of attachment or similar process involving (i) in any individual case an amount
in excess of $1,000,000 or (ii) in the aggregate at any time an amount in excess
of $2,000,000 (in either case to the extent not adequately covered by insurance
as to which a solvent and unaffiliated insurance company has acknowledged
coverage) shall be entered or filed against Company or any of its Subsidiaries
or any of their respective assets and shall remain undischarged, unvacated,
unbonded or unstayed for a period of thirty (30) days (or in any event later
than five (5) days prior to the date of any proposed sale thereunder); or

            (i)   Dissolution. Any order, judgment or decree shall be entered
against any Credit Party decreeing the dissolution or split up of such Credit
Party and such order shall remain undischarged or unstayed for a period in
excess of thirty (30) days; or

            (j)   Employee Benefit Plans. (i) There shall occur one or more
ERISA Events which individually or in the aggregate results in or might
reasonably be expected to result in liability of Company, any of its
Subsidiaries or any of their respective ERISA Affiliates in excess of $1,000,000
during the term hereof; or (ii) there exists any fact or circumstance that
reasonably could be expected to result in the imposition of a Lien or security
interest under Section 412(n) of the Internal Revenue Code or under ERISA; or

            (k)   Change of Control. A Change of Control shall occur; or

            (l)   Guaranties, Collateral Documents and other Credit Documents.
At any time after the execution and delivery thereof, (i) the Guaranty for any
reason, other than the satisfaction in full of all Obligations, shall cease to
be in full force and effect (other than in accordance with its terms) or shall
be declared to be null and void or any Guarantor shall repudiate its obligations
thereunder, (ii) this Agreement or any Collateral Document ceases to be in full
force and effect (other than by reason of a release of Collateral in accordance
with the terms hereof or thereof or the satisfaction in full of the Obligations
in accordance with the terms hereof) or shall be declared null and void, or
Collateral Agent shall not have or shall cease to have a valid and perfected
Lien in any Collateral purported to be covered by the Collateral Documents with
the priority required by the relevant Collateral Document, in each case for any
reason other than the failure of Collateral Agent or any Secured Party to take
any action within its control, or (iii) any Credit Party shall contest the
validity or enforceability of any Credit Document in writing or deny in writing
that it has any further liability, including with respect to future advances by
Lenders, under any Credit Document to which it is a party;

THEN, (1) upon the occurrence of any Event of Default described in Section
8.1(f) or 8.1(g), automatically, or (2) upon the occurrence of any other Event
of Default, at the request of (or with the consent of) Requisite Lenders, upon
notice to Company by Administrative Agent, (A) the Revolving Commitments, if
any, of each Lender having such Revolving Commitments and the obligation of
Issuing Bank to issue any Letter of Credit shall immediately terminate; (B) each
of

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the following shall immediately become due and payable, in each case without
presentment, demand, protest or other requirements of any kind, all of which are
hereby expressly waived by each Credit Party: (I) the unpaid principal amount of
and accrued interest on the Loans, (II) an amount equal to the maximum amount
that may at any time be drawn under all Letters of Credit then outstanding
(regardless of whether any beneficiary under any such Letter of Credit shall
have presented, or shall be entitled at such time to present, the drafts or
other documents or certificates required to draw under such Letters of Credit)
and (III) all other Obligations; provided, the foregoing shall not affect in any
way the obligations of Lenders under Section 2.3(e); (C) Administrative Agent
may cause Collateral Agent to enforce any and all Liens and security interests
created pursuant to Collateral Documents; and (D) Administrative Agent shall
direct Company to pay (and Company hereby agrees upon receipt of such notice, or
upon the occurrence of any Event of Default specified in Section 8.1(f) and (g)
to pay) to Administrative Agent such additional amounts of cash, to be held as
security for Company's reimbursement Obligations in respect of Letters of Credit
then outstanding, equal to the Letter of Credit Usage at such time.

SECTION 9.  AGENTS

      9.1.  APPOINTMENT OF AGENTS. GSCP is hereby appointed Syndication Agent
hereunder, and each Lender hereby authorizes Syndication Agent to act as its
agent in accordance with the terms hereof and the other Credit Documents. GSCP
is hereby appointed Administrative Agent hereunder and under the other Credit
Documents and each Lender hereby authorizes Administrative Agent to act as its
agent in accordance with the terms hereof and the other Credit Documents. GSCP
is hereby appointed Collateral Agent hereunder, and each Lender hereby
authorizes Collateral Agent to act as its agent in accordance with the terms
hereof and the other Credit Documents. Each of CSFB and Bear Stearns is hereby
appointed Co-Documentation Agent hereunder, and each Lender hereby authorizes
each Co-Documentation Agent to act as its agent in accordance with the terms
hereof and the other Credit Documents. Each Agent hereby agrees to act upon the
express conditions contained herein and the other Credit Documents, as
applicable. The provisions of this Section 9 are solely for the benefit of
Agents and Lenders and no Credit Party shall have any rights as a third party
beneficiary of any of the provisions thereof. In performing its functions and
duties hereunder, each Agent shall act solely as an agent of Lenders and does
not assume and shall not be deemed to have assumed any obligation towards or
relationship of agency or trust with or for Company or any of its Subsidiaries.
Each of Syndication Agent and each Co-Documentation Agent, without consent of or
notice to any party hereto, may assign any and all of its rights or obligations
hereunder to any of its Affiliates. As of the Closing Date, neither GSCP, in its
capacity as Syndication Agent, nor CSFB or Bear Stearns, in their respective
capacities as Co-Documentation Agents, shall have any obligations but shall be
entitled to all benefits of this Section 9.

      9.2.  POWERS AND DUTIES. Each Lender irrevocably authorizes each Agent to
take such action on such Lender's behalf and to exercise such powers, rights and
remedies hereunder and

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under the other Credit Documents as are specifically delegated or granted to
such Agent by the terms hereof and thereof, together with such powers, rights
and remedies as are reasonably incidental thereto. Each Agent shall have only
those duties and responsibilities that are expressly specified herein and the
other Credit Documents. Each Agent may exercise such powers, rights and remedies
and perform such duties by or through its agents or employees. No Agent shall
have, by reason hereof or any of the other Credit Documents, a fiduciary
relationship in respect of any Lender; and nothing herein or any of the other
Credit Documents, expressed or implied, is intended to or shall be so construed
as to impose upon any Agent any obligations in respect hereof or any of the
other Credit Documents except as expressly set forth herein or therein.

      9.3.  GENERAL IMMUNITY.

            (a)   No Responsibility for Certain Matters. No Agent shall be
responsible to any Lender for the execution, effectiveness, genuineness,
validity, enforceability, collectability or sufficiency hereof or any other
Credit Document or for any representations, warranties, recitals or statements
made herein or therein or made in any written or oral statements or in any
financial or other statements, instruments, reports or certificates or any other
documents furnished or made by any Agent to Lenders or by or on behalf of any
Credit Party to any Agent or any Lender in connection with the Credit Documents
and the transactions contemplated thereby or for the financial condition or
business affairs of any Credit Party or any other Person liable for the payment
of any Obligations, nor shall any Agent be required to ascertain or inquire as
to the performance or observance of any of the terms, conditions, provisions,
covenants or agreements contained in any of the Credit Documents or as to the
use of the proceeds of the Loans or as to the existence or possible existence of
any Event of Default or Default or to make any disclosures with respect to the
foregoing. Anything contained herein to the contrary notwithstanding,
Administrative Agent shall not have any liability arising from confirmations of
the amount of outstanding Loans or the Letter of Credit Usage or the component
amounts thereof.

            (b)   Exculpatory Provisions. No Agent nor any of its officers,
partners, directors, employees or agents shall be liable to Lenders for any
action taken or omitted by any Agent under or in connection with any of the
Credit Documents except to the extent caused by such Agent's gross negligence or
willful misconduct. Each Agent shall be entitled to refrain from any act or the
taking of any action (including the failure to take an action) in connection
herewith or any of the other Credit Documents or from the exercise of any power,
discretion or authority vested in it hereunder or thereunder unless and until
such Agent shall have received instructions in respect thereof from Requisite
Lenders (or such other Lenders as may be required to give such instructions
under Section 10.5) and, upon receipt of such instructions from Requisite
Lenders (or such other Lenders, as the case may be), such Agent shall be
entitled to act or (where so instructed) refrain from acting, or to exercise
such power, discretion or authority, in accordance with such instructions.
Without prejudice to the generality of the foregoing, (i) each Agent shall be
entitled to rely, and shall be fully protected in relying, upon any
communication, instrument or document believed by it to be genuine and correct
and to have been signed or sent by the

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proper Person or Persons and shall be entitled to rely and shall be protected in
relying on opinions and judgments of attorneys (who may be attorneys for Company
and its Subsidiaries), accountants, experts and other professional advisors
selected by it; and (ii) no Lender shall have any right of action whatsoever
against any Agent as a result of such Agent acting or (where so instructed)
refraining from acting hereunder or any of the other Credit Documents in
accordance with the instructions of Requisite Lenders (or such other Lenders as
may be required to give such instructions under Section 10.5).

      9.4.  AGENTS ENTITLED TO ACT AS LENDER. The agency hereby created shall in
no way impair or affect any of the rights and powers of, or impose any duties or
obligations upon, any Agent in its individual capacity as a Lender hereunder.
With respect to its participation in the Loans and the Letters of Credit, each
Agent shall have the same rights and powers hereunder as any other Lender and
may exercise the same as if it were not performing the duties and functions
delegated to it hereunder, and the term "Lender" shall, unless the context
clearly otherwise indicates, include each Agent in its individual capacity. Any
Agent and its Affiliates may accept deposits from, lend money to, own Securities
of, and generally engage in any kind of banking, trust, financial advisory or
other business with Company or any of its Affiliates as if it were not
performing the duties specified herein and may accept fees and other
consideration from Company for services in connection herewith and otherwise
without having to account for the same to Lenders.

      9.5.  LENDERS' REPRESENTATIONS, WARRANTIES AND ACKNOWLEDGMENT.

            (a)   Each Lender represents and warrants that it has made its own
independent investigation of the financial condition and affairs of Company and
its Subsidiaries in connection with Credit Extensions hereunder and that it has
made and shall continue to make its own appraisal of the creditworthiness of
Company and its Subsidiaries. No Agent shall have any duty or responsibility,
either initially or on a continuing basis, to make any such investigation or any
such appraisal on behalf of Lenders or to provide any Lender with any credit or
other information with respect thereto, whether coming into its possession
before the making of the Loans or at any time or times thereafter, and no Agent
shall have any responsibility with respect to the accuracy of or the
completeness of any information provided to Lenders.

            (b)   Each Lender, by delivering its signature page to this
Agreement and funding its Term Loan and/or a Revolving Loan on the Closing Date,
shall be deemed to have acknowledged receipt of, and consented to and approved,
each Credit Document and each other document required to be approved by any
Agent, Requisite Lenders or Lenders, as applicable on the Closing Date.

      9.6.  RIGHT TO INDEMNITY. Each Lender, in proportion to its Pro Rata
Share, severally agrees to indemnify each Agent, to the extent that such Agent
shall not have been reimbursed by any Credit Party, for and against any and all
liabilities, obligations, losses, damages, penalties,

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actions, judgments, suits, costs, expenses (including counsel fees and
disbursements) or disbursements of any kind or nature whatsoever which may be
imposed on, incurred by or asserted against such Agent in exercising its powers,
rights and remedies or performing its duties hereunder or under the other Credit
Documents or otherwise in its capacity as such Agent in any way relating to or
arising out of this Agreement or the other Credit Documents; provided, no Lender
shall be liable for any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements
resulting from such Agent's gross negligence or willful misconduct. If any
indemnity furnished to any Agent for any purpose shall, in the opinion of such
Agent, be insufficient or become impaired, such Agent may call for additional
indemnity and cease, or not commence, to do the acts indemnified against until
such additional indemnity is furnished; provided, in no event shall this
sentence require any Lender to indemnify any Agent against any liability,
obligation, loss, damage, penalty, action, judgment, suit, cost, expense or
disbursement in excess of such Lender's Pro Rata Share thereof; and provided
further, this sentence shall not be deemed to require any Lender to indemnify
any Agent against any liability, obligation, loss, damage, penalty, action,
judgment, suit, cost, expense or disbursement described in the proviso in the
immediately preceding sentence.

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      9.7.  SUCCESSOR ADMINISTRATIVE AGENT AND COLLATERAL AGENT.

            (a)   Successor Administrative Agent. Administrative Agent may
resign at any time by giving thirty (30) days' prior written notice thereof to
Lenders and Company; and Administrative Agent may be removed at any time with or
without cause by an instrument or concurrent instruments in writing delivered to
Company and Administrative Agent and signed by Requisite Lenders. Upon any such
notice of resignation or any such removal, Requisite Lenders shall have the
right, upon five (5) Business Days' notice to Company, to appoint a successor
Administrative Agent reasonably satisfactory to Company. Upon the acceptance of
any appointment as Administrative Agent hereunder by a successor Administrative
Agent, that successor Administrative Agent shall thereupon succeed to and become
vested with all the rights, powers, privileges and duties of the retiring or
removed Administrative Agent and the retiring or removed Administrative Agent
shall promptly transfer to such successor Administrative Agent all records and
other documents necessary or appropriate in connection with the performance of
the duties of the successor Administrative Agent under the Credit Documents, and
take such other actions, as may be necessary or appropriate in connection with
the assignment to such successor Administrative Agent, whereupon such retiring
or removed Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Credit Documents. After any retiring
or removed Administrative Agent's resignation or removal hereunder as
Administrative Agent, the provisions of this Section 9 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Agent
hereunder.

            (b)   Successor Collateral Agent. Collateral Agent may resign at any
time by giving thirty (30) days' prior written notice thereof to Administrative
Agent, Lenders and Company; and Collateral Agent may be removed at any time with
or without cause by an instrument or concurrent instruments in writing delivered
to Company and Administrative Agent and signed by Requisite Lenders. Upon any
such notice of resignation or any such removal, Requisite Lenders shall have the
right, upon five (5) Business Days' notice to Administrative Agent, to appoint a
successor Collateral Agent reasonably satisfactory to Company. Upon the
acceptance of any appointment as Collateral Agent hereunder by a successor
Collateral Agent, that successor Collateral Agent shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring
or removed Collateral Agent and the retiring or removed Collateral Agent shall
promptly (i) transfer to such successor Collateral Agent all sums, Securities
and other items of Collateral held under the Collateral Documents, together with
all records and other documents necessary or appropriate in connection with the
performance of the duties of the successor Collateral Agent under the Credit
Documents, and (ii) authorize the filing of and deliver to such successor
Collateral Agent such amendments to financing statements, and take such other
actions, as may be necessary or appropriate in connection with the assignment to
such successor Collateral Agent of the security interests created under the
Collateral Documents, whereupon such retiring or removed Collateral Agent shall
be discharged from its duties and

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obligations hereunder and under the other Credit Documents. After any retiring
or removed Collateral Agent's resignation or removal hereunder as Collateral
Agent, the provisions of this Section 9 shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Agent hereunder.

      9.8.  COLLATERAL DOCUMENTS AND GUARANTY.

            (a)   Agents under Collateral Documents and Guaranty. Each Lender
hereby further authorizes Administrative Agent or Collateral Agent, as
applicable, on behalf of and for the benefit of Lenders, to be the agent for and
representative of Lenders with respect to the Guaranty, the Collateral and the
Collateral Documents. Subject to Section 10.5, without further written consent
or authorization from Lenders, Administrative Agent or Collateral Agent, as
applicable, may execute and/or authorize the filing of any documents or
instruments necessary to (i) release any Lien encumbering any item of Collateral
that is the subject of a sale or other disposition of assets permitted hereby or
to which Requisite Lenders (or such other Lenders as may be required to give
such consent under Section 10.5) have otherwise consented or (ii) release any
Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which
Requisite Lenders (or such other Lenders as may be required to give such consent
under Section 10.5) have otherwise consented.

            (b)   Right to Realize on Collateral and Enforce Guaranty. Anything
contained in any of the Credit Documents to the contrary notwithstanding,
Company, Administrative Agent, Collateral Agent and each Lender hereby agree
that (i) no Lender shall have any right individually to realize upon any of the
Collateral or to enforce the Guaranty, it being understood and agreed that all
powers, rights and remedies hereunder may be exercised solely by Administrative
Agent, on behalf of Lenders, in accordance with the terms hereof and all powers,
rights and remedies under the Collateral Documents may be exercised solely by
Collateral Agent and (ii) in the event of a foreclosure by Collateral Agent on
any of the Collateral pursuant to a public or private sale, Collateral Agent or
any Lender may be the purchaser of any or all of such Collateral at any such
sale and Collateral Agent, as agent for and representative of Secured Parties
(but not any Lender or Lenders in its or their respective individual capacities
unless Requisite Lenders shall otherwise agree in writing) shall be entitled,
for the purpose of bidding and making settlement or payment of the purchase
price for all or any portion of the Collateral sold at any such public sale, to
use and apply any of the Obligations as a credit on account of the purchase
price for any Collateral payable by Collateral Agent at such sale.

SECTION 10. MISCELLANEOUS

      10.1. NOTICES. Unless otherwise specifically provided herein, any notice
or other communication herein required or permitted to be given to a Credit
Party, Syndication Agent, Collateral Agent, Administrative Agent, Issuing Bank
or either Co-Documentation Agent shall be sent to such Person's address as set
forth on Appendix B or in the other relevant Credit

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Document and, in the case of any Lender, the address as indicated on Appendix B
or otherwise indicated to Administrative Agent in writing. Each notice hereunder
shall be in writing and may be personally served, telexed or sent by
telefacsimile or United States mail or courier service and shall be deemed to
have been given when delivered in person or by courier service and signed for
against receipt thereof, upon receipt of telefacsimile or telex, or three (3)
Business Days after depositing it in the United States mail with postage prepaid
and properly addressed; provided, no notice to any Agent shall be effective
until received by such Agent.

      10.2. EXPENSES. Whether or not the transactions contemplated hereby shall
be consummated, Company agrees to pay promptly (a) all the actual and reasonable
costs and expenses of preparation of the Credit Documents and any consents,
amendments, waivers or other modifications thereto; (b) all the costs of
furnishing all opinions by counsel for Company and the other Credit Parties; (c)
the reasonable fees, expenses and disbursements of counsel to Agents (in each
case including allocated costs of internal counsel) in connection with the
negotiation, preparation, execution and administration of the Credit Documents
and any consents, amendments, waivers or other modifications thereto and any
other documents or matters requested by Company; (d) all the actual costs and
reasonable expenses of creating and perfecting Liens in favor of Collateral
Agent, for the benefit of Secured Parties, pursuant to the Pledge and Security
Agreement, including filing and recording fees, expenses and taxes, stamp or
documentary taxes, search fees, title insurance premiums and reasonable fees,
expenses and disbursements of counsel to each Agent and of counsel providing any
opinions that any Agent or Requisite Lenders may request in respect of the
Collateral or the Liens created pursuant to the Collateral Documents; (e) all
the actual costs and reasonable fees, expenses and disbursements of any
auditors, accountants, consultants or appraisers; (f) all the actual costs and
reasonable expenses (including the reasonable fees, expenses and disbursements
of any appraisers, consultants, advisors and agents employed or retained by
Collateral Agent and its counsel) in connection with the custody or preservation
of any of the Collateral; (g) all other actual and reasonable costs and expenses
incurred by each Agent in connection with the syndication of the Loans and
Commitments and the negotiation, preparation and execution of the Credit
Documents and any consents, amendments, waivers or other modifications thereto
and the transactions contemplated thereby; and (h) after the occurrence of a
Default or an Event of Default, all costs and expenses, including reasonable
attorneys' fees (including allocated costs of internal counsel) and costs of
settlement, incurred by any Agent and Lenders in enforcing any Obligations of or
in collecting any payments due from any Credit Party hereunder or under the
other Credit Documents by reason of such Default or Event of Default (including
in connection with the sale of, collection from, or other realization upon any
of the Collateral or the enforcement of the Guaranty) or in connection with any
refinancing or restructuring of the credit arrangements provided hereunder in
the nature of a "work-out" or pursuant to any insolvency or bankruptcy cases or
proceedings.

      10.3. INDEMNITY. (a) In addition to the payment of expenses pursuant to
Section 10.2, whether or not the transactions contemplated hereby shall be
consummated, each Credit Party

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agrees to defend (subject to Indemnitees' selection of counsel), indemnify, pay
and hold harmless each Agent and Lender and the officers, partners, directors,
trustees, employees, agents and Affiliates of each Agent and each Lender (each,
an "INDEMNITEE"), from and against any and all Indemnified Liabilities;
provided, no Credit Party shall have any obligation to any Indemnitee hereunder
with respect to any Indemnified Liabilities to the extent such Indemnified
Liabilities arise from the gross negligence or willful misconduct of that
Indemnitee. To the extent that the undertakings to defend, indemnify, pay and
hold harmless set forth in this Section 10.3 may be unenforceable in whole or in
part because they are violative of any law or public policy, the applicable
Credit Party shall contribute the maximum portion that it is permitted to pay
and satisfy under applicable law to the payment and satisfaction of all
Indemnified Liabilities incurred by Indemnitees or any of them. To the extent
permitted by applicable law, no Credit Party shall assert, and each hereby
waives, any claim against any Indemnitee, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or
actual damages) arising out of, in connection with or as a result of any Credit
Document or any agreement or instrument or transaction contemplated hereby.

            (b)   To the extent permitted by applicable law, neither Company nor
any of its Subsidiaries or Affiliates shall assert, and hereby waives, any claim
against any Lender or any of their Affiliates, directors, employees, attorneys
or agents, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) (whether or not the
claim therefor is based on contract, tort or duty imposed by any applicable
legal requirement) arising out of, in connection with, as a result of or in any
way related to this Agreement or any Credit Document or any agreement or
instrument contemplated hereby or thereby, the transactions contemplated hereby
or thereby, any Loan or the use of the proceeds thereof or any act or omission
or event occurring in connection therewith, and Company hereby waives, releases
and agrees not to sue upon any such claim or any such damages, whether or not
accrued and whether or not known or suspected to exist in its favor.

      10.4. SET-OFF. In addition to any rights now or hereafter granted under
applicable law and not by way of limitation of any such rights, upon the
occurrence and during the continuation of any Event of Default, each Lender is
hereby authorized by each Credit Party at any time or from time to time subject
to the consent of Administrative Agent (such consent not to be unreasonably
withheld or delayed), without notice to any Credit Party or to any other Person
(other than Administrative Agent), any such notice being hereby expressly
waived, to set off and to appropriate and to apply any and all deposits (general
or special, including Indebtedness evidenced by certificates of deposit, whether
matured or unmatured, but not including trust accounts) and any other
Indebtedness at any time held or owing by such Lender to or for the credit or
the account of any Credit Party against and on account of the obligations and
liabilities of any Credit Party to such Lender hereunder, the Letters of Credit
and participations therein and under the other Credit Documents, including all
claims of any nature or description arising out of or connected hereto, the
Letters of Credit and participations therein or with any other Credit Document,
irrespective of whether or not (a) such Lender shall have made any demand

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hereunder or (b) the principal of or the interest on the Loans or any amounts in
respect of the Letters of Credit or any other amounts due hereunder shall have
become due and payable pursuant to Section 2 and although such obligations and
liabilities, or any of them, may be contingent or unmatured. Each Credit Party
hereby further grants to Administrative Agent and each Lender a security
interest in all Deposit Accounts and Securities Accounts maintained with
Administrative Agent or such Lender as security for the Obligations.

      10.5. AMENDMENTS AND WAIVERS.

            (a)   Requisite Lenders' Consent. Subject to Section 10.5(b) and
10.5(c), no amendment, modification, termination or waiver of any provision of
the Credit Documents, or consent to any departure by any Credit Party therefrom,
shall in any event be effective without the written concurrence of the Requisite
Lenders.

            (b)   Affected Lenders' Consent. Without the written consent of each
Lender (other than a Defaulting Lender) that would be affected thereby, no
amendment, modification, termination or consent shall be effective if the effect
thereof would:

                  (i)   extend the scheduled final maturity of any Loan or Note;

                  (ii)  waive, reduce or postpone any scheduled repayment (but
      not prepayment);

                  (iii) extend the stated expiration date of any Letter of
      Credit beyond the Revolving Commitment Termination Date;

                  (iv)  reduce the rate of interest on any Loan (other than any
      waiver of any increase in the interest rate applicable to any Loan
      pursuant to Section 2.9) or any fee payable hereunder;

                  (v)   extend the time for payment of any such interest or fee;

                  (vi)  reduce the principal amount of any Loan or any
      reimbursement obligation in respect of any Letter of Credit;

                  (vii) amend, modify, terminate or waive any provision of this
      Section 10.5(b) or 10.5(c);

                  (viii) amend the definition of "Requisite Lenders" or "Pro
      Rata Share"; provided, with the consent of Requisite Lenders, additional
      extensions of credit pursuant hereto may be included in the determination
      of "Requisite Lenders" or "Pro Rata Share" on substantially the same basis
      as the Term Loan Commitments, the Term Loans, the Revolving Commitments
      and the Revolving Loans are included on the Closing Date;

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                  (ix)  release all or substantially all of the Collateral or
      all or substantially all of the Guarantors from the Guaranty except as
      expressly provided in the Credit Documents; or

                  (x)   consent to the assignment or transfer by any Credit
      Party of any of its rights and obligations under any Credit Document.

            (c)   Other Consents. No amendment, modification, termination or
waiver of any provision of the Credit Documents, or consent to any departure by
any Credit Party therefrom, shall:

                  (i)   increase any Revolving Commitment of any Lender over the
      amount thereof then in effect without the consent of such Lender;
      provided, no amendment, modification or waiver of any condition precedent,
      covenant, Default or Event of Default shall constitute an increase in any
      Revolving Commitment of any Lender;

                  (ii)  amend the definition of "Requisite Class Lenders"
      without the consent of Requisite Class Lenders of each Class; provided,
      with the consent of the Requisite Lenders, additional extensions of credit
      pursuant hereto may be included in the determination of such "Requisite
      Class Lenders" on substantially the same basis as the Term Loan
      Commitments, the Term Loans, the Revolving Commitments and the Revolving
      Loans are included on the Closing Date;

                  (iii) alter the required application of any repayments or
      prepayments as between Classes pursuant to Section 2.14 without the
      consent of Requisite Class Lenders of each Class that is being allocated a
      lesser repayment or prepayment as a result thereof; provided, Requisite
      Lenders may waive, in whole or in part, any prepayment so long as the
      application, as between Classes, of any portion of such prepayment which
      is still required to be made is not altered;

                  (iv)  amend, modify, terminate or waive any obligation of
      Lenders relating to the purchase of participations in Letters of Credit as
      provided in Section 2.3(e) without the written consent of Administrative
      Agent and Issuing Bank; or

                  (v)   amend, modify, terminate or waive any provision of
      Section 9 as the same applies to any Agent, or any other provision hereof
      as the same applies to the rights or obligations of any Agent, in each
      case without the consent of such Agent.

            (d)   Execution of Amendments, etc. Administrative Agent may, but
shall have no obligation to, with the concurrence of any Lender, execute
amendments, modifications, waivers or consents on behalf of such Lender. Any
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which it was given. No notice to or demand on any Credit
Party in any case shall entitle any Credit Party to any other or further notice
or

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demand in similar or other circumstances. Any amendment, modification,
termination, waiver or consent effected in accordance with this Section 10.5
shall be binding upon each Lender at the time outstanding, each future Lender
and, if signed by a Credit Party, such Credit Party.

      10.6. SUCCESSORS AND ASSIGNS; PARTICIPATIONS.

            (a)   Generally. This Agreement shall be binding upon the parties
hereto and their respective successors and assigns and shall inure to the
benefit of the parties hereto and the successors and assigns of Lenders. No
Credit Party's rights or obligations hereunder nor any interest therein may be
assigned or delegated by any Credit Party without the prior written consent of
all Lenders. Nothing in this Agreement, expressed or implied, shall be construed
to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby and, to the extent expressly
contemplated hereby, Affiliates of each of the Agents and the Lenders) any legal
or equitable right, remedy or claim under or by reason of this Agreement.

            (b)   Register. Company, Administrative Agent and Lenders shall deem
and treat the Persons listed as Lenders in the Register as the holders and
owners of the corresponding Commitments and Loans listed therein for all
purposes hereof, and no assignment or transfer of any such Commitment or Loan
shall be effective, in each case, unless and until an Assignment Agreement
effecting the assignment or transfer thereof shall have been delivered to and
accepted by Administrative Agent and recorded in the Register as provided in
Section 10.6(e). Prior to such recordation, all amounts owed with respect to the
applicable Commitment or Loan shall be owed to the Lender listed in the Register
as the owner thereof, and any request, authority or consent of any Person who,
at the time of making such request or giving such authority or consent, is
listed in the Register as a Lender shall be conclusive and binding on any
subsequent holder, assignee or transferee of the corresponding Commitments or
Loans.

            (c)   Right to Assign. Each Lender shall have the right at any time
to sell, assign or transfer all or a portion of its rights and obligations under
this Agreement, including, without limitation, all or a portion of its
Commitment or Loans owing to it or other Obligation (provided, however, that
each such assignment shall be of a uniform, and not varying, percentage of all
rights and obligations under and in respect of any Loan and any related
Commitments):

                  (i)   to any Person meeting the criteria of clause (i) of the
      definition of the term of "Eligible Assignee" upon the giving of notice to
      Company and Administrative Agent; and

                  (ii)  to any Person meeting the criteria of clause (ii) of the
      definition of the term of "Eligible Assignee" and, in the case of
      assignments of Revolving Loans or Revolving Commitments, to any such
      Person (except in the case of assignments made by or to GSCP) consented to
      by each of Company and Administrative Agent (such consent not to be (x)
      unreasonably withheld or delayed or, (y) in the case of Company, required
      at

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      any time an Event of Default shall have occurred and then be continuing);
      provided, each such assignment pursuant to this Section 10.6(c)(ii) shall
      be in an aggregate amount of not less than $1,000,000 (or such lesser
      amount as may be agreed to by Company and Administrative Agent or as shall
      constitute the aggregate amount of Loans of the assigning Lender).

            (d)   Mechanics. The assigning Lender and the assignee thereof shall
execute and deliver to Administrative Agent an Assignment Agreement and (ii)
such forms, certificates or other evidence, if any, with respect to United
States federal income tax withholding matters as the assignee under such
Assignment Agreement may be required to deliver to Administrative Agent pursuant
to Section 2.20(c).

            (e)   Notice of Assignment. Upon its receipt of a duly executed and
completed Assignment Agreement (and any forms, certificates or other evidence
required by this Agreement in connection therewith), Administrative Agent shall
record the information contained in such Assignment Agreement in the Register,
shall give prompt notice thereof to Company and shall maintain a copy of such
Assignment Agreement.

            (f)   Representations and Warranties of Assignee. Each Lender, upon
execution and delivery hereof or upon executing and delivering an Assignment
Agreement, as the case may be, represents and warrants as of the Closing Date or
as of the applicable Effective Date (as defined in the applicable Assignment
Agreement) that (i) it is an Eligible Assignee, (ii) it has experience and
expertise in the making of or investing in commitments or loans such as the
applicable Commitments or Loans, as the case may be, and (iii) it will make or
invest in, as the case may be, its Commitments or Loans for its own account in
the ordinary course of its business and without a view to distribution of such
Commitments or Loans within the meaning of the Securities Act or the Exchange
Act or other federal securities laws (it being understood that, subject to the
provisions of this Section 10.6, the disposition of such Commitments or Loans or
any interests therein shall at all times remain within its exclusive control).

            (g)   Effect of Assignment. Subject to the terms and conditions of
this Section 10.6, as of the "Effective Date" specified in the applicable
Assignment Agreement: (i) the assignee thereunder shall have the rights and
obligations of a "Lender" hereunder to the extent such rights and obligations
hereunder have been assigned to it pursuant to such Assignment Agreement and
shall thereafter be a party hereto and a "Lender" for all purposes hereof; (ii)
the assigning Lender thereunder shall, to the extent that rights and obligations
hereunder have been assigned thereby pursuant to such Assignment Agreement,
relinquish its rights (other than any rights which survive the termination
hereof under Section 10.8) and be released from its obligations hereunder (and,
in the case of an Assignment Agreement covering all or the remaining portion of
an assigning Lender's rights and obligations hereunder, such Lender shall cease
to be a party hereto; provided, anything contained in any of the Credit
Documents to the contrary notwithstanding, (y) Issuing Bank shall continue to
have all rights and obligations

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thereof with respect to such Letters of Credit until the cancellation or
expiration of such Letters of Credit and the reimbursement of any amounts drawn
thereunder and (z) such assigning Lender shall continue to be entitled to the
benefit of all indemnities hereunder as specified herein with respect to matters
arising out of the prior involvement of such assigning Lender as a Lender
hereunder); (iii) the Commitments shall be modified to reflect the Commitment of
such assignee and any Revolving Commitment of such assigning Lender, if any; and
(iv) if any such assignment occurs after the issuance of any Note hereunder, the
assigning Lender shall, upon the effectiveness of such assignment or as promptly
thereafter as practicable, surrender its applicable Notes to Administrative
Agent for cancellation, and thereupon Company shall issue and deliver new Notes,
if so requested by the assignee and/or assigning Lender, to such assignee and/or
to such assigning Lender, with appropriate insertions, to reflect the new
Revolving Commitments and/or outstanding Loans of the assignee and/or the
assigning Lender.

            (h)   Participations. Each Lender shall have the right at any time
to sell one or more participations to any Person (other than Company, any of its
Subsidiaries or any of its Affiliates) in all or any part of its Commitments,
Loans or any other Obligation. The holder of any such participation, other than
an Affiliate of the Lender granting such participation, shall not be entitled to
require such Lender to take or omit to take any action hereunder except with
respect to any amendment, modification or waiver that would (i) extend the final
scheduled maturity of any Loan, Note or Letter of Credit (unless such Letter of
Credit is not extended beyond the Revolving Commitment Termination Date) in
which such participant is participating, or reduce the rate or extend the time
of payment of interest or fees thereon (except in connection with a waiver of
applicability of any post-default increase in interest rates) or reduce the
principal amount thereof, or increase the amount of the participant's
participation over the amount thereof then in effect (it being understood that a
waiver of any Default or Event of Default or of a mandatory reduction in the
Commitment shall not constitute a change in the terms of such participation and
that an increase in any Commitment or Loan shall be permitted without the
consent of any participant if the participant's participation is not increased
as a result thereof), (ii) consent to the assignment or transfer by any Credit
Party of any of its rights and Obligations under this Agreement or (iii) release
all or substantially all of the Collateral under the Collateral Documents
(except as expressly provided in the Credit Documents) supporting the Loans
hereunder in which such participant is participating. Company agrees that each
participant shall be entitled to the benefits of Section 2.18(c), 2.19 and 2.20
to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to paragraph (c) of this Section 10.6; provided, (i) a
participant shall not be entitled to receive any greater payment under Section
2.19 or 2.20 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such participant, unless the sale of the
participation to such participant is made with Company's prior written consent
and (ii) a participant that would be a Non-US Lender if it were a Lender shall
not be entitled to the benefits of Section 2.20 unless Company is notified of
the participation sold to such participant and such participant agrees, for the
benefit of Company, to comply with Section 2.20 as though it were a Lender. To
the extent permitted by law, each participant also shall be entitled to the
benefits of Section 10.4 as though it were a

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Lender, provided such participant agrees to be subject to Section 2.17 as though
it were a Lender.

            (i)   Certain Other Assignments. In addition to any other assignment
permitted pursuant to this Section 10.6, (i) any Lender may assign and/or pledge
all or any portion of its Loans, the other Obligations owed by or to such
Lender, and its Notes, if any, to secure obligations of such Lender including,
without limitation, any Federal Reserve Bank as collateral security pursuant to
Regulation A of the Board of Governors of the Federal Reserve System and any
operating circular issued by the applicable Federal Reserve Bank; provided, no
Lender, as between Company and such Lender, shall be relieved of any of its
obligations hereunder as a result of any such assignment and pledge, and
provided further, in no event shall the applicable Federal Reserve Bank or
trustee be considered to be a "Lender" or be entitled to require the assigning
Lender to take or omit to take any action hereunder.

      10.7. INDEPENDENCE OF COVENANTS. All covenants hereunder shall be given
independent effect so that if a particular action or condition is not permitted
by any of such covenants, the fact that it would be permitted by an exception
to, or would otherwise be within the limitations of, another covenant shall not
avoid the occurrence of a Default or an Event of Default if such action is taken
or condition exists.

      10.8. SURVIVAL OF REPRESENTATIONS, WARRANTIES AND AGREEMENTS. All
representations, warranties and agreements made herein shall survive the
execution and delivery hereof and the making of any Credit Extension.
Notwithstanding anything herein or implied by law to the contrary, the
agreements of each Credit Party set forth in Sections 2.18(c), 2.19, 2.20, 10.2,
10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.17 and 9.6
shall survive the payment of the Loans, the cancellation or expiration of the
Letters of Credit, the reimbursement of any amounts drawn thereunder and the
termination hereof.

      10.9. NO WAIVER; REMEDIES CUMULATIVE. No failure or delay on the part of
any Agent or any Lender in the exercise of any power, right or privilege
hereunder or under any other Credit Document shall impair such power, right or
privilege or be construed to be a waiver of any default or acquiescence therein,
nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other power, right or
privilege. The rights, powers and remedies given to each Agent and each Lender
hereby are cumulative and shall be in addition to and independent of all rights,
powers and remedies existing by virtue of any statute or rule of law or in any
of the other Credit Documents or any of the Hedge Agreements. Any forbearance or
failure to exercise, and any delay in exercising, any right, power or remedy
hereunder shall not impair any such right, power or remedy or be construed to be
a waiver thereof, nor shall it preclude the further exercise of any such right,
power or remedy.

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      10.10. MARSHALLING; PAYMENTS SET ASIDE. Neither any Agent nor any Lender
shall be under any obligation to marshal any assets in favor of any Credit Party
or any other Person or against or in payment of any or all of the Obligations.
To the extent that any Credit Party makes a payment or payments to
Administrative Agent or Lenders (or to Administrative Agent, on behalf of
Lenders), or Administrative Agent or Lenders enforce any security interests or
exercise their rights of setoff, and such payment or payments or the proceeds of
such enforcement or setoff or any part thereof are subsequently invalidated,
declared to be fraudulent or preferential, set aside and/or required to be
repaid to a trustee, receiver or any other party under any bankruptcy law, any
other state or federal law, common law or any equitable cause, then, to the
extent of such recovery, the obligation or part thereof originally intended to
be satisfied, and all Liens, rights and remedies therefor or related thereto,
shall be revived and continued in full force and effect as if such payment or
payments had not been made or such enforcement or setoff had not occurred.

      10.11. SEVERABILITY. In case any provision in or obligation hereunder or
any Note shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

      10.12. OBLIGATIONS SEVERAL; INDEPENDENT NATURE OF LENDERS' RIGHTS. The
obligations of Lenders hereunder are several and no Lender shall be responsible
for the obligations or Commitment of any other Lender hereunder. Nothing
contained herein or in any other Credit Document, and no action taken by Lenders
pursuant hereto or thereto, shall be deemed to constitute Lenders as a
partnership, an association, a joint venture or any other kind of entity. The
amounts payable at any time hereunder to each Lender shall be a separate and
independent debt, and each Lender shall be entitled to protect and enforce its
rights arising out hereof and it shall not be necessary for any other Lender to
be joined as an additional party in any proceeding for such purpose.

      10.13. HEADINGS. Section headings herein are included herein for
convenience of reference only and shall not constitute a part hereof for any
other purpose or be given any substantive effect.

      10.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT
OF LAWS PRINCIPLES THEREOF.

      10.15. CONSENT TO JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST
ANY CREDIT PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENT,
OR ANY OF THE OBLIGATIONS,

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MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE
STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT,
EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY
(a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND
VENUE OF SUCH COURTS; (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (c) AGREES
THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE
BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE
CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1; (d) AGREES
THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE IS SUFFICIENT TO CONFER PERSONAL
JURISDICTION OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH
COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT;
AND (e) AGREES AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE
COURTS OF ANY OTHER JURISDICTION.

      10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO
WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR
ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN
TRANSACTION OR THE LENDER/COMPANY RELATIONSHIP THAT IS BEING ESTABLISHED. THE
SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES
THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS
TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND
ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT
THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT
EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT
EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH
PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER
WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY
TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS
IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING
(OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION
10.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY
TO

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<PAGE>
ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY
OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING
TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE
FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

      10.17. CONFIDENTIALITY. Each Lender shall hold all non-public information
regarding Company and its business identified as such by Company and obtained by
such Lender pursuant to the requirements hereof in accordance with such Lender's
customary procedures for handling confidential information of such nature, it
being understood and agreed by Company that, in any event, a Lender may make (i)
disclosures of such information to Affiliates of such Lender and to their agents
and advisors (and to other persons authorized by a Lender or Agent to organize,
present or disseminate such information in connection with disclosures otherwise
made in accordance with this Section 10.17), (ii) disclosures of such
information reasonably required by any bona fide or potential assignee,
transferee or participant in connection with the contemplated assignment,
transfer or participation by such Lender of any Loans or any participations
therein or by any direct or indirect contractual counterparties (or the
professional advisors thereto) in Hedge Agreements (provided, such
counterparties and advisors are advised of and agree to be bound by the
provisions of this Section 10.17), (iii) disclosure to any rating agency when
required by it, provided that, prior to any disclosure, such rating agency shall
undertake in writing to preserve the confidentiality of any confidential
information relating to the Credit Parties received by it from any of the Agents
or any Lender, and (iv) disclosures required or requested by any governmental
agency or representative thereof or by the NAIC or pursuant to legal or judicial
process; provided, unless specifically prohibited by applicable law or court
order, each Lender shall make reasonable efforts to notify Company of any
request by any governmental agency or representative thereof (other than any
such request in connection with any examination of the financial condition or
other routine examination of such Lender by such governmental agency) for
disclosure of any such non-public information prior to disclosure of such
information.

      10.18. USURY SAVINGS CLAUSE. Notwithstanding any other provision herein,
the aggregate interest rate charged with respect to any of the Obligations,
including all charges or fees in connection therewith deemed in the nature of
interest under applicable law shall not exceed the Highest Lawful Rate. If the
rate of interest (determined without regard to the preceding sentence) under
this Agreement at any time exceeds the Highest Lawful Rate, the outstanding
amount of the Loans made hereunder shall bear interest at the Highest Lawful
Rate until the total amount of interest due hereunder equals the amount of
interest which would have been due hereunder if the stated rates of interest set
forth in this Agreement had at all times been in effect. In addition, if when
the Loans made hereunder are repaid in full the total interest due hereunder
(taking into account the increase provided for above) is less than the total
amount of interest which would have been due hereunder if the stated rates of
interest set forth in this Agreement had at all times been in effect, then to
the extent permitted by law, Company shall

                                      125
<PAGE>
pay to Administrative Agent an amount equal to the difference between the amount
of interest paid and the amount of interest which would have been paid if the
Highest Lawful Rate had at all times been in effect. Notwithstanding the
foregoing, it is the intention of Lenders and Company to conform strictly to any
applicable usury laws. Accordingly, if any Lender contracts for, charges or
receives any consideration which constitutes interest in excess of the Highest
Lawful Rate, then any such excess shall be cancelled automatically and, if
previously paid, shall at such Lender's option be applied to the outstanding
amount of the Loans made hereunder or be refunded to Company.

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

      10.20. EFFECTIVENESS. This Agreement shall become effective upon the
execution of a counterpart hereof by each of the parties hereto and receipt by
Company and Administrative Agent of written or telephonic notification of such
execution and authorization of delivery thereof.

                            [SIGNATURE PAGES FOLLOW]

                                      126
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered by their respective officers thereunto duly
authorized as of the date first written above.

                                    KROLL INC.

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

                                    CORPLEX, INC.
                                    CRUCIBLE, INC.
                                    FINANCIAL RESEARCH, INC.
                                    INPHOTO SURVEILLANCE, INC.
                                    KCMS, INC.
                                    KROLL ASSOCIATES INC.
                                    KROLL BACKGROUND AMERICA, INC.
                                    KROLL CRISIS MANAGEMENT GROUP, INC.
                                    KROLL ELECTRONIC RECOVERY, INC.
                                    KROLL HOLDINGS, INC.
                                    KROLL LABORATORY SPECIALISTS, INC.
                                    KROLL LINDQUIST AVEY, INC.
                                    KROLL ONTRACK, INC.
                                    KROLL SCHIFF & ASSOCIATES, INC.
                                    LABORATORY SPECIALISTS OF AMERICA, INC.
                                    L.A.M.B. ACQUISITION, INC.
                                    MIJENIX CORPORATION
                                    ONTRACK DATA RECOVERY, INC.
                                    U.S. HOLDING, INC.
                                    ZOLFO COOPER LLC
                                    ZOLFO COOPER HOLDINGS, INC.

                                    By:
                                       ---------------------------
                                    Name:
                                    Title:
<PAGE>
                                    GOLDMAN SACHS CREDIT PARTNERS L.P.,
                                    as Sole Lead Arranger, Sole Book Runner,
                                    Syndication Agent, Administrative Agent,
                                    Collateral Agent and a Lender

                                    By:
                                       ---------------------------
                                       Authorized Signatory
<PAGE>
                                    BEAR STEARNS CORPORATE LENDING INC.,
                                    as Co-Documentation Agent and a Lender

                                    By:
                                       ---------------------------
                                    Name: John Kilgallon
                                    Title:  Authorized Signatory
<PAGE>
                                    CREDIT SUISSE FIRST BOSTON, CAYMAN
                                    ISLANDS BRANCH
                                    as Co-Documentation Agent and a Lender

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

                                    By:
                                       ---------------------------
                                    Name:
                                    Title:
<PAGE>
APPENDIX A-1
TO CREDIT AND GUARANTY AGREEMENT

TERM LOAN COMMITMENTS

<TABLE>
<CAPTION>
                                                                   PRO
LENDER                                   TERM LOAN COMMITMENT      RATA SHARE
<S>                                      <C>                       <C>

GOLDMAN SACHS CREDIT PARTNERS L.P.       $41,250,000.00            55.0%

BEAR STEARNS CORPORATE LENDING, INC.     $18,750,000.00            25.0%

CREDIT SUISSE FIRST BOSTON, CAYMAN       $15,000,000.00            20.0%
ISLANDS BRANCH

               TOTAL                     $75,000,000.00            100.0%
</TABLE>

                                 APPENDIX A-1-1
<PAGE>
APPENDIX A-2
TO CREDIT AND GUARANTY AGREEMENT

REVOLVING COMMITMENTS

<TABLE>
<CAPTION>
LENDER                                   REVOLVING COMMITMENT      PRO
                                                                   RATA SHARE
<S>                                      <C>                       <C>
GOLDMAN SACHS CREDIT PARTNERS L.P.       $13,750,000.00            55.0%

BEAR STEARNS CORPORATE LENDING,          $6,250,000.00             25.0%
INC.

CREDIT SUISSE FIRST BOSTON, CAYMAN       $5,000,000.00             20.0%
ISLANDS BRANCH

             TOTAL                       $25,000,000.00            100%

</TABLE>

                                 APPENDIX A-2-1
<PAGE>
APPENDIX B
TO CREDIT AND GUARANTY AGREEMENT

NOTICE ADDRESSES

KROLL INC.
      900 Third Avenue
      New York, NY 10022
      Attention: Sabrina H. Perel
      Telecopier: (212)-833-3392

CORPLEX, INC.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

CRUCIBLE, INC.
      60 Jack Ellington Road
      Fredericksburg, VA 22406
      Attention:
      Telecopier:

FINANCIAL RESEARCH, INC.
      8 Penn Center
      1628 JFK Boulevard, 16th Floor
      Philadelphia, PA 19103
      Attention:
      Telecopier:

INPHOTO SURVEILLANCE, INC.
      530 Lockport Road
      Plainfield, IL 60544
      Attention:
      Telecopier:

                                  APPENDIX B-1
<PAGE>
KCMS, Inc.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

KROLL ASSOCIATES INC.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

KROLL BACKGROUND AMERICA, INC.
      1900 Church Street, Suite 400
      Nashville, TN 37203
      Attention:
      Telecopier:

KROLL CRISIS MANAGEMENT GROUP, INC.
      100 East Street, S.E., Suite 222
      Vienna, VA 22180
      Attention:
      Telecopier:

KROLL ELECTRONIC RECOVERY, INC.
      900 Third Ave
      NewYork, NY 10022
      Attention:
      Telecopier:

KROLL HOLDINGS, INC.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

KROLL, INC.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

                                  APPENDIX B-2
<PAGE>
KROLL LABORATORY SPECIALISTS, INC.
      1111 Newton Street
      Gretna, LA 70053
      Attention:
      Telecopier:

KROLL LINDQUIST AVEY, INC.
      8 Penn Center, Suite 1600
      1628 JFK Boulevard
      Philadelphia, PA 19103
      Attention:
      Telecopier:

KROLL ONTRACK, INC.
      9023 Columbine Road
      Eden Prairie, MN 55347
      Attention:
      Telecopier:

KROLL SCHIFF & ASSOCIATES, INC.
      1025 Main Street
      Bastrop. TX 78602
      Attention:
      Telecopier:

LABORATORY SPECIALISTS OF AMERICA, INC.
      1111 Newton Street
      Gretna, LA 70053
      Attention:
      Telecopier:

L.A.M.B. ACQUISITION, INC.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

                                  APPENDIX B-3
<PAGE>
MIJENIX CORPORATION
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

ONTRACK DATA RECOVERY, INC.
      9023 Columbine Road
      Eden Prairie, MN 55347
      Attention:
      Telecopier:

U.S. HOLDING, INC.
      900 Third Avenue
      New York, NY 10022
      Attention:
      Telecopier:

ZOLFO COOPER LLC
      101 Eisenhower Parkway
      Roseland, NJ 07068
      Attention:
      Telecopier:

ZOLFO COOPER HOLDINGS, INC.
      101 Eisenhower Parkway
      Roseland, NJ 07068
      Attention:
      Telecopier:

in each case, with a copy to:
      Kramer Levin Naftalis & Frankel, LLP
      919 Third Avenue
      New York, NY 10022
      Attention: Chatchada Chiamprasert
      Telecopier: (212) 715-8135

                                  APPENDIX B-4
<PAGE>
GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Sole Lead Arranger, Sole Bookrunner, Syndication Agent,
Administrative Agent, Collateral Agent and a Lender

      Goldman Sachs Credit Partners L.P.
      85 Broad Street
      New York, New York  10004
      Attention:  Stephen King
      Telecopier:  (212) 357-0932

with a copy to:

      Goldman Sachs Credit Partners L.P.
      85 Broad Street
      New York, New York  10004
      Attention: John Makrinos
      Telecopier:  (212) 357-4597

                                  APPENDIX B-5
<PAGE>
BEAR STEARNS CORPORATE LENDING INC.,
as Co-Documentation Agent and a Lender

Co-Documentation Agent's Principal Office:
      383 Madison Avenue
      New York, NY 10179
      Attention: Gloria Dombrowski
      Telecopier: (212)-272-4844

with a copy to:
      383 Madison Avenue
      New York, NY 10179
      Attention: Stephen O'Keefe
      Telecopier: (212)-272-9184

                                  APPENDIX B-6
<PAGE>
CREDIT SUISSE FIRST BOSTON, CAYMAN
ISLANDS BRANCH,
as Co-Documentation Agent and a Lender

Co-Documentation Agent's Principal Office:
      11 Madison Avenue
      New York, NY 10016
      Attention: William O'Daly
      Telecopier: (212)-743-2254

                                  APPENDIX B-7

<PAGE>

                                 SCHEDULE 1.1(a)

                          CONSOLIDATED ADJUSTED EBITDA
                                  LTM 6/30/2002

<TABLE>
<CAPTION>
                                 6 MONTHS 2002               LAST 6 MONTHS 2001               LAST 12 MONTHS               TOTAL
                                 -------------               ------------------               ---------------              -----
                              Kroll                           Kroll
                          Consolidated      Ontrack       Consolidated      Ontrack              Trump
                          ------------      -------       ------------      -------              -----
<S>                            <C>            <C>             <C>             <C>                <C>                     <C>
Operating Income
 before non-recurring
 expenses                      10,436         2,625           (553)           1,463                                      13,971

Depreciation                    5,094         1,769           3,284           1,523                                      11,670

Amortization of                   544                         1,239             802                                       2,585
 goodwill

Amortization of
 databases                                                    2,076                                                       2,076

Amortization of                                                 596                                                         596
 intangibles

Interest Income                                 339                                                                         339

                               ------         -----           -----           -----              ------                  ------
EBITDA                         16,074         4,733           6,642           3,788              31,796                  63,033
                               ------         -----           -----           -----              ------                  ------
</TABLE>

<PAGE>

                                 SCHEDULE 1.1(b)

                             IMMATERIAL SUBSIDIARIES

AMBB, Inc.
Blacker Italia S.r.l.
Blacker SA
Buchler Phillips Financial Consulting Limited
Buchler Phillips Consulting Limited
Concord Securities Services
Fact Finders (Asia) Limited (Isle of Man)
Fact Finders (Singapore) Pte Ltd.
448448 B.C. Ltd.
Ivex Capital Limited
Ivex Partners Limited
KAGIS LLC
Kroll Associates (South Africa)
Kroll Associates Deutschland GmbH
Kroll Associates (India) Private Ltd.
Kroll Associates International Holdings Inc.
Kroll Associates Philippines, Inc.
Kroll Associates Pte. Ltd. (Singapore)
Kroll Associates Pty Ltd.
Kroll Associates S.A. (Belgium)
Kroll Associates S.A. (Chile)
Kroll Associates SRL
KA Uruguay S.A.
Kroll Background America Corporation (Canada)
Kroll Background America of Florida, Inc.
Kroll Background UK Ltd.
Kroll Environmental Enterprises, Inc.
Kroll Government Services, Inc.
Kroll Information Services, Inc.
Kroll Lindquist Avey Limited
Kroll Municipal Services, Inc.
Kroll Restructuring, Ltd.
Kroll Security International, Inc.
Kroll Stevens Corp.
LAMB Acquisition II, Inc.
LAMBCO International Inc.
LAMB UK
National Psychopharmacology Laboratories, Inc.
964886 Ontario, Inc.
1186626 Ontario, Inc.
Ontrack France SARL
Ontrack Iberia, S.L.
Quality Facts, Inc.
Risk Co. A (Philippines)
Risk Co. B (Philippines)
Risk Company A UK Limited (UK)
Satellite Networks Corp.
600 North Pearl, Inc.
Tactrade PLC (UK)<PAGE>
                                                                    Exhibit 10.2

                          PLEDGE AND SECURITY AGREEMENT

                          DATED AS OF SEPTEMBER 5, 2002

                                     BETWEEN

                        EACH OF THE GRANTORS PARTY HERETO

                                       AND

                       GOLDMAN SACHS CREDIT PARTNERS L.P.,

                               AS COLLATERAL AGENT
<PAGE>
                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
                                                                                                                            PAGE
<S>                                                                                                                         <C>
SECTION 1. DEFINITIONS...............................................................................................         1
    1.1 GENERAL DEFINITIONS..........................................................................................         1
    1.2 DEFINITIONS; INTERPRETATION..................................................................................         8
SECTION 2. GRANT OF SECURITY.........................................................................................         8
    2.1 GRANT OF SECURITY............................................................................................         8
    2.2 CERTAIN LIMITED EXCLUSIONS...................................................................................         9
SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE..........................................................         9
    3.1 SECURITY FOR OBLIGATIONS.....................................................................................         9
    3.2 CONTINUING LIABILITY UNDER COLLATERAL........................................................................         9
SECTION 4. REPRESENTATIONS AND WARRANTIES AND COVENANTS..............................................................        10
    4.1 GENERALLY....................................................................................................        10
    4.2 EQUIPMENT AND INVENTORY......................................................................................        13
    4.3 RECEIVABLES..................................................................................................        14
    4.4 INVESTMENT RELATED PROPERTY..................................................................................        16
    4.5 MATERIAL CONTRACTS...........................................................................................        21
    4.6 LETTER OF CREDIT RIGHTS......................................................................................        23
    4.7 INTELLECTUAL PROPERTY........................................................................................        23
    4.8 COMMERCIAL TORT CLAIMS.......................................................................................        27
SECTION 5. ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES; ADDITIONAL GRANTORS ..................................        27
    5.1 ACCESS; RIGHT OF INSPECTION..................................................................................        27
    5.2 FURTHER ASSURANCES...........................................................................................        27
    5.3 ADDITIONAL GRANTORS..........................................................................................        28
SECTION 6. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT...............................................................        28
    6.1 POWER OF ATTORNEY............................................................................................        28
    6.2 NO DUTY ON THE PART OF COLLATERAL AGENT OR SECURED PARTIES...................................................        29
SECTION 7. REMEDIES..................................................................................................        29
    7.1 GENERALLY....................................................................................................        29
    7.2 APPLICATION OF PROCEEDS......................................................................................        31
    7.3 SALES ON CREDIT..............................................................................................        31
    7.4 DEPOSIT ACCOUNTS.............................................................................................        31
    7.5 INVESTMENT RELATED PROPERTY..................................................................................        31
    7.6 INTELLECTUAL PROPERTY........................................................................................        32
    7.7 CASH PROCEEDS................................................................................................        34
SECTION 8. COLLATERAL AGENT..........................................................................................        34
SECTION 9. CONTINUING SECURITY INTEREST; TRANSFER OF LOANS...........................................................        34
SECTION 10. STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM...........................................................        35
SECTION 11. MISCELLANEOUS............................................................................................        35

SCHEDULE 4.1 -- GENERAL INFORMATION

SCHEDULE 4.2  -- LOCATION OF EQUIPMENT AND INVENTORY

SCHEDULE 4.4 -- INVESTMENT RELATED PROPERTY

SCHEDULE 4.5 -- MATERIAL CONTRACTS
</TABLE>
                                       ii
<PAGE>
SCHEDULE 4.6 -- DESCRIPTION OF LETTERS OF CREDIT

SCHEDULE 4.7 -- INTELLECTUAL PROPERTY

SCHEDULE 4.8 -- COMMERCIAL TORT CLAIMS

EXHIBIT A -- PLEDGE SUPPLEMENT

EXHIBIT B -- UNCERTIFICATED SECURITIES CONTROL AGREEMENT

EXHIBIT C -- SECURITIES ACCOUNT CONTROL AGREEMENT

EXHIBIT D -- DEPOSIT ACCOUNT CONTROL AGREEMENT

EXHIBIT E -- PERSONAL PROPERTY SECURITY INTEREST OPINION

                                      iii
<PAGE>
                     This PLEDGE AND SECURITY AGREEMENT, dated as of September
5, 2002 (this "AGREEMENT"), between EACH OF THE UNDERSIGNED, whether as an
original signatory hereto or as an Additional Grantor (each, a "GRANTOR"), and
GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Agent for Secured Parties (in
such capacity, "COLLATERAL AGENT").

                                    RECITALS:

           WHEREAS, reference is made to that certain Credit and Guaranty
Agreement, dated as of the date hereof (as it may be amended, restated,
supplemented or otherwise modified from time to time, the "CREDIT AGREEMENT"),
by and among KROLL INC. ("COMPANY"), CERTAIN SUBSIDIARIES OF COMPANY, as
Guarantors, the lenders party thereto from time to time (the "LENDERS"), GOLDMAN
SACHS CREDIT PARTNERS L.P., as Sole Lead Arranger, Sole Book Runner, Syndication
Agent, Administrative Agent, and Collateral Agent, BEAR STEARNS CORPORATE
LENDING INC., as Co-Documentation Agent, and CREDIT SUISSE FIRST BOSTON, CAYMAN
ISLANDS BRANCH, as Co-Documentation Agent;

           WHEREAS, subject to the terms and conditions of the Credit Agreement,
certain Grantors may enter into one or more Hedge Agreements with one or more
Lender Counterparties;

           WHEREAS, in consideration of the extensions of credit and other
accommodations of Lenders and Lender Counterparties as set forth in the Credit
Agreement and the Hedge Agreements, respectively, each Grantor has agreed to
secure such Grantor's Obligations under the Credit Documents and the Hedge
Agreements as set forth herein; and

           NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained, each Grantor and Collateral Agent
agree as follows:

SECTION 1. DEFINITIONS.

    1.1 GENERAL DEFINITIONS. In this Agreement, the following terms shall have
the following meanings:

        "ACCOUNT DEBTOR" means each Person who is obligated on a Receivable or
any Supporting Obligation related thereto.

        "ACCOUNTS" means all "accounts" as defined in Article 9 of the UCC.

        "AGREEMENT" as defined in the preamble hereto.

        "ADDITIONAL GRANTOR" as defined in Section 5.3.

        "ASSIGNED IP" as defined in Section 4.7 (a)(iii).

        "ASSIGNED AGREEMENTS" means all agreements and contracts to which such
Grantor is a party as of the date hereof, or to which such Grantor becomes a
party after the date hereof, including, without limitation, each Material
Contract, as each such agreement may be amended, supplemented or otherwise
modified from time to time.
                                       1
<PAGE>
        "BANKRUPTCY CODE" means Title 11 of the United States Code entitled
"Bankruptcy," as now and hereafter in effect, or any successor statute.

        "CASH PROCEEDS" as defined in Section 7.7.

        "CHATTEL PAPER" means all "chattel paper" as defined in Article 9 of the
UCC, including, without limitation, "electronic chattel paper" or "tangible
chattel paper," as each term is defined in Article 9 of the UCC.

        "COLLATERAL" as defined in Section 2.1.

        "COLLATERAL AGENT" as defined in the preamble hereto.

        "COLLATERAL RECORDS" means books, records, ledger cards, files,
correspondence, customer lists, blueprints, technical specifications, manuals,
computer software, computer printouts, tapes, disks and related data processing
software and similar items that at any time evidence or contain information
relating to any of the Collateral or are otherwise necessary in the collection
thereof or realization thereupon.

        "COLLATERAL SUPPORT" means all property (real, to the extent set forth
in the Credit Agreement, or personal) assigned, hypothecated or otherwise
securing any Collateral and includes any security agreement or other agreement
granting a lien or security interest in such real or personal property.

        "COMMERCIAL TORT CLAIMS" means all "commercial tort claims" as defined
in Article 9 of the UCC, including, without limitation, all commercial tort
claims listed on Schedule 4.8 (as such schedule may be amended or supplemented
from time to time).

        "COMMODITIES ACCOUNTS" (i) means all "commodity accounts" as defined in
Article 9 of the UCC and (ii) includes, without limitation, all of the accounts
listed on Schedule 4.4 under the heading "Commodities Accounts" (as such
schedule may be amended or supplemented from time to time).

        "COMPANY" as defined in the recitals hereto.

        "CONTROLLED FOREIGN CORPORATION" means "controlled foreign corporation"
as defined in the Tax Code.

        "COPYRIGHT LICENSES" means any and all agreements providing for the
granting of any right in or to Copyrights (whether the applicable Grantor is
licensee or licensor thereunder), including, without limitation, each agreement
referred to in Section B of Schedule 4.7 (as such schedule may be amended or
supplemented from time to time).

        "COPYRIGHTS" means all United States and foreign copyrights, all mask
works fixed in semi-conductor chip products (as defined under 17 U.S.C. Section
901 of the U.S. Copyright Act), whether registered or unregistered, now or
hereafter in force throughout the world, all registrations and applications
therefor including, without limitation, the registrations and applications
referred to in Section A of Schedule 4.7 (as such schedule may be amended or
supplemented from time to time), all rights corresponding thereto throughout the
world, all extensions and renewals of any thereof, the right to sue for past,
present and future infringements

                                       2
<PAGE>
of any of the foregoing, and all proceeds of the foregoing, including, without
limitation, royalties, income, payments, claims, damages and proceeds of suit.

        "CREDIT AGREEMENT" as defined in the recitals hereto.

        "DOCUMENTS" means all "documents" as defined in Article 9 of the UCC.

        "DEPOSIT ACCOUNTS" (i) means all "deposit accounts" as defined in
Article 9 of the UCC and (ii) includes, without limitation, all of the accounts
listed on Schedule 4.4 under the heading "Deposit Accounts" (as such schedule
may be amended or supplemented from time to time).

        "EQUIPMENT" means: (i) all "equipment" as defined in Article 9 of the
UCC, (ii) all machinery, manufacturing equipment, data processing equipment,
computers, office equipment, furnishings, furniture, appliances, fixtures and
tools (in each case, regardless of whether characterized as equipment under the
UCC) and (iii) all accessions or additions thereto, all parts thereof, whether
or not at any time of determination incorporated or installed therein or
attached thereto, and all replacements therefor, wherever located, now or
hereafter existing, including any fixtures.

        "EXCLUDED SUBSIDIARY INTERESTS" as defined in Section 2.2.

        "GENERAL INTANGIBLES" (i) means all "general intangibles" as defined in
Article 9 of the UCC, including "payment intangibles" also as defined in Article
9 of the UCC, and (ii) includes, without limitation, all interest rate or
currency protection or hedging arrangements, all tax refunds, all licenses,
permits, concessions and authorizations, all Assigned Agreements and all
Intellectual Property (in each case, regardless of whether characterized as
general intangibles under the UCC).

        "GOODS" (i) means all "goods" as defined in Article 9 of the UCC and
(ii) includes, without limitation, all Inventory and Equipment (in each case,
regardless of whether characterized as goods under the UCC).

        "GRANTOR" as defined in the preamble hereto.

        "INSTRUMENTS" means all "instruments" as defined in Article 9 of the
UCC.

        "INSURANCE" means: (i) all insurance policies covering any or all of the
Collateral (regardless of whether Collateral Agent is the loss payee thereof)
and (ii) any key man life insurance policies.

        "INTELLECTUAL PROPERTY" means, collectively, the Copyrights, the
Copyright Licenses, the Patents, the Patent Licenses, the Trademarks, the
Trademark Licenses, the Trade Secrets and the Trade Secret Licenses.

        "INVENTORY" means: (i) all "inventory" as defined in Article 9 of the
UCC and (ii) all goods held for sale or lease or to be furnished under contracts
of service or so leased or furnished, all raw materials, work in process,
finished goods and materials used or consumed in the manufacture, packing,
shipping, advertising, selling, leasing, furnishing or production of such
inventory or otherwise used or consumed in any Grantor's business; all goods in
which any Grantor has an interest in mass or a joint or other interest or right
of any kind; and all goods

                                       3
<PAGE>
which are returned to or repossessed by any Grantor, all computer programs
embedded in any goods and all accessions thereto and products thereof (in each
case, regardless of whether characterized as inventory under the UCC).

        "INVESTMENT ACCOUNTS" means the Securities Accounts, Commodities
Accounts and Deposit Accounts.

        "INVESTMENT RELATED PROPERTY" means: (i) all "investment property" (as
such term is defined in Article 9 of the UCC) and (ii) all of the following
(regardless of whether classified as investment property under the UCC): all
Pledged Equity Interests, Pledged Debt, the Investment Accounts and certificates
of deposit.

        "LENDERS" as defined in the recitals hereto.

        "LETTER OF CREDIT RIGHT" means "letter-of-credit right" as defined in
Article 9 of the UCC.

        "LIEN" means (i) any lien, mortgage, pledge, assignment, security
interest, charge or encumbrance of any kind (including any agreement to give any
of the foregoing, any conditional sale or other title retention agreement, and
any lease in the nature thereof) and any option, trust or other preferential
arrangement having the practical effect of any of the foregoing and (ii) in the
case of Pledged Equity Interests, any purchase option, call or similar right of
a third party with respect to such Pledged Equity Interests.

        "MONEY" means "money" as defined in the UCC.

        "NON-ASSIGNABLE CONTRACT" means any agreement, contract or license to
which any Grantor is a party that by its terms purports to restrict or prevent
the assignment or granting of a security interest therein (either by its terms
or by any federal or state statutory prohibition or otherwise irrespective of
whether such prohibition or restriction is enforceable under Sections 9-406
through 409 of the UCC).

        "OWNED IP" as defined in Section 4.7 (a)(iii).

        "PATENT LICENSES" means all agreements providing for the granting of any
right in, to or under Patents (whether the applicable Grantor is licensee or
licensor thereunder), including, without limitation, each agreement referred to
in Section D of Schedule 4.7 (as such schedule may be amended or supplemented
from time to time).

        "PATENTS" means all United States and foreign patents and applications
for letters patent throughout the world, including, but not limited to, each
patent and patent application referred to in Section C of Schedule 4.7 (as such
schedule may be amended or supplemented from time to time), all reissues,
divisions, continuations, continuations-in-part, extensions, renewals and
reexaminations of any of the foregoing, all rights corresponding thereto
throughout the world and all proceeds of the foregoing, including, without
limitation, royalties, income, payments, claims, damages and proceeds of suit
and the right to sue for past, present and future infringements of any of the
foregoing.

        "PERMITTED SALE" means those sales, transfers, assignments or other
dispositions permitted by the Credit Agreement.

                                       4
<PAGE>
        "PERSON" means and includes natural persons, corporations, limited
partnerships, general partnerships, limited liability companies, limited
liability partnerships, joint stock companies, joint ventures, associations,
companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and governmental authorities.

        "PLEDGED DEBT" means all Indebtedness owed to a Grantor, including,
without limitation, all Indebtedness of such Grantor described on Schedule 4.4
under the heading "Pledged Debt" (as such schedule may be amended or
supplemented from time to time), issued by the obligors named therein, the
instruments evidencing such Indebtedness, and all interest, cash, instruments
and other property or proceeds from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all of such
Indebtedness.

        "PLEDGED EQUITY INTERESTS" means all Pledged Stock, Pledged LLC
Interests, Pledged Partnership Interests and Pledged Trust Interests.

        "PLEDGED LLC INTERESTS" means all interests owned by a Grantor in any
limited liability company including, without limitation, all limited liability
company interests owned by such Grantor listed on Schedule 4.4 under the heading
"Pledged LLC Interests" (as such schedule may be amended or supplemented from
time to time) and the certificates, if any, representing such limited liability
company interests and any interest of such Grantor on the books and records of
such limited liability company or on the books and records of any securities
intermediary pertaining to such interest, and all dividends, distributions,
cash, rights, Securities and other property or proceeds from time to time
received, receivable or otherwise distributed in respect of or in exchange for
any or all of such limited liability company interests; provided that Pledged
LLC Interests shall not include Excluded Subsidiary Interests or interests in
Immaterial Subsidiaries.

        "PLEDGED PARTNERSHIP INTERESTS" means all interests owned by a Grantor
in any general partnership, limited partnership, limited liability partnership
or other partnership, including, without limitation, all partnership interests
owned by such Grantor listed on Schedule 4.4 under the heading "Pledged
Partnership Interests" (as such schedule may be amended or supplemented from
time to time) and the certificates, if any, representing such partnership
interests and any interest of such Grantor on the books and records of such
partnership or on the books and records of any securities intermediary
pertaining to such interest, and all dividends, distributions, cash, rights,
Securities and other property or proceeds from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of such
partnership interests; provided that Pledged Partnership Interests shall not
include Excluded Subsidiary Interests or interests in Immaterial Subsidiaries.

        "PLEDGED TRUST INTERESTS" means all interests owned by a Grantor in a
Delaware business trust or other trust, including, without limitation, all trust
interests owned by such Grantor listed on Schedule 4.4 under the heading
"Pledged Trust Interests" (as such schedule may be amended or supplemented from
time to time) and the certificates, if any, representing such trust interests
and any interest of such Grantor on the books and records of such trust or on
the books and records of any securities intermediary pertaining to such
interest, and all dividends, distributions, cash, rights, Securities and other
property or proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such trust interests;
provided that Pledged Trust Interests shall not include Excluded Subsidiary
Interests or interests in Immaterial Subsidiaries.

                                       5
<PAGE>
        "PLEDGED STOCK" means all shares of Capital Stock owned by a Grantor,
including, without limitation, all shares of Capital Stock owned by such Grantor
described on Schedule 4.4 under the heading "Pledged Stock" (as such schedule
may be amended or supplemented from time to time) and the certificates, if any,
representing such shares and any interest of such Grantor in the entries on the
books of the issuer of such shares or on the books of any securities
intermediary pertaining to such shares, and all dividends, distributions, cash,
rights, Securities and other property or proceeds from time to time received,
receivable or otherwise distributed in respect of or in exchange for any or all
of such shares; provided that Pledged Stock Interests shall not include Excluded
Subsidiary Interests or interests in Immaterial Subsidiaries.

        "PLEDGE SUPPLEMENT" means any supplement to this Agreement in
substantially the form of Exhibit A.

        "PROCEEDS" means: (i) all "proceeds" as defined in Article 9 of the UCC,
(ii) payments or distributions made with respect to any Investment Related
Property and (iii) whatever is receivable or received when Collateral or
proceeds are sold, exchanged, collected or otherwise disposed of, whether such
disposition is voluntary or involuntary.

        "RECEIVABLES" means all rights to payment, whether or not earned by
performance, for goods or other property sold, leased, licensed, assigned or
otherwise disposed of, or services rendered or to be rendered, including,
without limitation, all such rights constituting or evidenced by any Account,
Chattel Paper, Instrument, General Intangible or Investment Related Property,
together with all of a Grantor's rights, if any, in any Goods or other property
giving rise to such right to payment and all Collateral Support and Supporting
Obligations related thereto and all Receivables Records.

        "RECEIVABLES RECORDS" means (i) all original copies of all documents,
instruments or other writings or electronic records or other Records evidencing
the Receivables, (ii) all books, correspondence, credit or other files, Records,
ledger sheets or cards, invoices and other papers relating to Receivables,
including, without limitation, all tapes, cards, computer tapes, computer discs,
computer runs, record keeping systems and other papers and documents relating to
the Receivables, whether in the possession or under the control of a Grantor or
any computer bureau or agent from time to time acting for such Grantor, (iii)
all evidences of the filing of financing statements and the registration of
other instruments in connection therewith, and amendments, supplements or other
modifications thereto, notices to other creditors or secured parties and
certificates, acknowledgments or other writings, including, without limitation,
lien search reports, from filing or other registration officers, (iv) all credit
information, reports and memoranda relating thereto and (v) all other written or
nonwritten forms of information related in any way to the foregoing or any
Receivable.

        "RECORD" as defined in Article 9 of the UCC.

        "SECURED OBLIGATIONS" as defined in Section 3.1.

        "SECURED PARTIES" means the Lenders and the Lender Counterparties and
includes, without limitation, all former Lenders and Lender Counterparties to
the extent that any Obligations owing to such Persons were incurred while such
Persons were Lenders or Lender Counterparties and such Obligations have not been
paid or satisfied in full.

        "SECURITIES" means any stock, shares, partnership interests, voting
trust certificates, certificates of interest or participation in any
profit-sharing agreement or

                                       6
<PAGE>
arrangement, options, warrants, bonds, debentures, notes or other evidences of
indebtedness, secured or unsecured, convertible, subordinated or otherwise, or
in general any instruments commonly known as "securities" or any certificates of
interest, shares or participations in temporary or interim certificates for the
purchase or acquisition of, or any right to subscribe to, purchase or acquire,
any of the foregoing.

        "SECURITIES ENTITLEMENTS" means any "security entitlement" as defined in
Article 8 of the UCC.

        "SECURITIES ACCOUNTS" (i) means all "securities accounts" as defined in
Article 8 of the UCC and (ii) includes, without limitation, all of the accounts
listed on Schedule 4.4 under the heading "Securities Accounts" (as such schedule
may be amended or supplemented from time to time).

        "SCHEDULED IP" as defined in Section 4.7 (a)(iii).

        "SUPPORTING OBLIGATIONS" means all "supporting obligations" as defined
in Article 9 of the UCC.

        "TAX CODE" means the United States Internal Revenue Code of 1986, as
amended from time to time.

        "TRADEMARK LICENSES" means any and all agreements providing for the
granting of any right in, to or under Trademarks (whether the applicable Grantor
is licensee or licensor thereunder), including, without limitation, each
agreement referred to in Section F of Schedule 4.7 (as such schedule may be
amended or supplemented from time to time).

        "TRADEMARKS" means all United States, state and foreign trademarks,
trade names, corporate names, company names, business names, fictitious business
names, internet domain names, trade styles, service marks, certification marks,
collective marks, logos, other source or business identifiers, designs and
general intangibles of a like nature, all registrations and applications for any
of the foregoing, including, but not limited, to the registrations and
applications referred to in Section E of Schedule 4.7 (as such schedule may be
amended or supplemented from time to time), all extensions or renewals of any of
the foregoing, all of the goodwill of the business connected with the use of and
symbolized by the foregoing, the right to sue for past, present and future
infringement or dilution of any of the foregoing or for any injury to goodwill,
and all proceeds of the foregoing, including, without limitation, royalties,
income, payments, claims, damages and proceeds of suit.

        "TRADE SECRET LICENSES" means any and all agreements providing for the
granting of any right in, to or under Trade Secrets (whether the applicable
Grantor is licensee or licensor thereunder), including, without limitation, each
agreement referred to in Section G of Schedule 4.7 (as such schedule may be
amended or supplemented from time to time).

        "TRADE SECRETS" means all trade secrets and all other confidential or
proprietary information and know-how now or hereafter owned or used in the
business of a Grantor (all of the foregoing being collectively called a "Trade
Secret"), whether or not such Trade Secret has been reduced to a writing or
other tangible form, including all documents and things embodying, incorporating
or referring in any way to such Trade Secret, the right to sue for past, present
and future infringement of any Trade Secret and all proceeds of the foregoing,
including, without limitation, royalties, income, payments, claims, damages and
proceeds of suit.

                                       7
<PAGE>
         "UCC" means the Uniform Commercial Code as in effect from time to time
in the State of New York or, when the context implies, the Uniform Commercial
Code as in effect from time to time in any other applicable jurisdiction.

         "UNITED STATES" means the United States of America.

     1.2 DEFINITIONS; INTERPRETATION. All capitalized terms used herein
(including the preamble and recitals hereto) and not otherwise defined herein
shall have the meanings ascribed thereto in the Credit Agreement or, if not
defined therein, in the UCC. References to "Sections," "Exhibits" and
"Schedules" shall be to Sections, Exhibits and Schedules, as the case may be, of
this Agreement unless otherwise specifically provided. Section headings in this
Agreement are included herein for convenience of reference only and shall not
constitute a part of this Agreement for any other purpose or be given any
substantive effect. Any of the terms defined herein may, unless the context
otherwise requires, be used in the singular or the plural, depending on the
reference. The use herein of the word "include" or "including," when following
any general statement, term or matter, shall not be construed to limit such
statement, term or matter to the specific items or matters set forth immediately
following such word or to similar items or matters, whether or not nonlimiting
language (such as "without limitation" or "but not limited to" or words of
similar import) is used with reference thereto, but rather shall be deemed to
refer to all other items or matters that fall within the broadest possible scope
of such general statement, term or matter. If any conflict or inconsistency
exists between this Agreement and the Credit Agreement, the Credit Agreement
shall govern. All references herein to provisions of the UCC shall include all
successor provisions under any subsequent version or amendment to any Article of
the UCC.

SECTION 2. GRANT OF SECURITY.

     2.1 GRANT OF SECURITY. Each Grantor hereby grants to Collateral Agent a
security interest and continuing lien on all of such Grantor's right, title and
interest in, to and under all personal property of such Grantor including, but
not limited to, the following, in each case whether now owned or existing or
hereafter acquired or arising and wherever located (all of which being
hereinafter collectively referred to as the "COLLATERAL"):

        (a) Accounts;

                     (b)       Chattel Paper;

                     (c)       Documents;

                     (d)       General Intangibles;

                     (e)       Goods;

                     (f)       Instruments;

                     (g)       Insurance;

                     (h)       Intellectual Property;

                     (i)       Investment Related Property;

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<PAGE>
                     (j)       Letter of Credit Rights;

                     (k)       Money;

                     (l)       Receivables and Receivables Records;

                     (m)       Commercial Tort Claims;

                     (n) to the extent not otherwise included above, all
Collateral Records, Collateral Support and Supporting Obligations relating to
any of the foregoing; and

                     (o) to the extent not otherwise included above, all
Proceeds, products, accessions, rents and profits of or in respect of any of the
foregoing.

           2.2 CERTAIN LIMITED EXCLUSIONS Notwithstanding anything herein to the
contrary, in no event shall the security interest granted under Section 2.1
attach to (a) any Non-Assignable Contract, lease, license, contract, property
rights or agreement to which any Grantor is a party or any of its rights or
interests thereunder if and for so long as the grant of such security interest
shall constitute or result in (i) the abandonment, invalidation or
unenforceability of any right, title or interest of any Grantor therein or (ii)
in a breach or termination pursuant to the terms of, or a default under, any
such lease, license, contract, property rights or agreement (other than to the
extent that any such term would be rendered ineffective pursuant to Sections
9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or
provisions) of any relevant jurisdiction or any other applicable law (including
the Bankruptcy Code) or principles of equity); provided, however, that such
security interest shall attach immediately at such time as the condition causing
such abandonment, invalidation or unenforceability shall be remedied and to the
extent severable, shall attach immediately to any portion of such lease,
license, contract, property rights or agreement that does not result in any of
the consequences specified in clause (i) or (ii) above; or (b) any of the
outstanding Capital Stock of a Controlled Foreign Corporation in excess of 65%
of the voting power of all classes of Capital Stock of such Controlled Foreign
Corporation entitled to vote; provided that immediately upon the amendment of
the Tax Code to allow the pledge of a greater percentage of the voting power of
Capital Stock in a Controlled Foreign Corporation without adverse tax
consequences, the Collateral shall include, and the security interest granted by
each Grantor shall attach to, such greater percentage of Capital Stock of each
Controlled Foreign Corporation; provided further that any such Capital Stock to
the extent excluded by this sub-clause (b) shall be defined herein as "EXCLUDED
SUBSIDIARY INTERESTS".

SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE.

      3.1 SECURITY FOR OBLIGATIONS. This Agreement secures, and the Collateral
is collateral security for, the prompt and complete payment or performance in
full when due, whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise (including the payment of amounts that would
become due but for the operation of the automatic stay under Section 362(a) of
the Bankruptcy Code, (and any successor provision thereof)), of all Obligations
with respect to every Grantor (the "SECURED OBLIGATIONS").

      3.2 CONTINUING LIABILITY UNDER COLLATERAL. Notwithstanding anything herein
to the contrary, (i) each Grantor shall remain liable for all obligations under
the Collateral and nothing contained herein is intended or shall be a delegation
of duties to Collateral Agent or any Secured Party; (ii) each Grantor shall
remain liable under each of the agreements included in the

                                       9
<PAGE>
Collateral, including, without limitation, any agreements relating to Pledged
Partnership Interests or Pledged LLC Interests, to perform all of the
obligations undertaken by it thereunder, all in accordance with and pursuant to
the terms and provisions thereof, and neither Collateral Agent nor any Secured
Party shall have any obligation or liability under any of such agreements by
reason of or arising out of this Agreement or any other document related
thereto, nor shall Collateral Agent nor any Secured Party have any obligation to
make any inquiry as to the nature or sufficiency of any payment received by it
or have any obligation to take any action to collect or enforce any rights under
any agreement included in the Collateral, including, without limitation, any
agreements relating to Pledged Partnership Interests or Pledged LLC Interests;
and (iii) the exercise by Collateral Agent of any of its rights hereunder shall
not release any Grantor from any of its duties or obligations under the
contracts and agreements included in the Collateral.

SECTION 4. REPRESENTATIONS AND WARRANTIES AND COVENANTS.

      4.1 GENERALLY.

          (a) Representations and Warranties. Each Grantor hereby represents and
      warrants that:

                               (i) it owns the Collateral purported to be owned
           by it or otherwise has the rights it purports to have in each item of
           Collateral and, as to all Collateral whether now existing or
           hereafter acquired, will continue to own or have such rights in each
           item of the Collateral (except to the extent otherwise permitted by
           the Credit Agreement), in each case free and clear of any and all
           Liens, rights or claims of all other Persons, including, without
           limitation, Liens arising as a result of such Grantor becoming bound
           (as a result of merger or otherwise) as debtor under a security
           agreement entered into by another Person, other than Permitted Liens;

                               (ii) it has indicated on Section A of Schedule
           4.1 (as such schedule may be amended or supplemented from time to
           time): (w) the type of organization of such Grantor, (x) the
           jurisdiction of organization of such Grantor, (y) its organizational
           identification number and (z) the jurisdiction where the chief
           executive office or its sole place of business is, and for the
           one-year period preceding the date hereof has been, located;

                               (iii) the full legal name of such Grantor is as
           set forth on Section A of Schedule 4.1 and it has not done in the
           last five (5) years, and does not do, business under any other name
           (including any trade-name or fictitious business name) except for
           those names set forth on Section B of Schedule 4.1 (as such schedule
           may be amended or supplemented from time to time);

                               (iv) except as provided on Section C of Schedule
           4.1, it has not changed its name, jurisdiction of organization, chief
           executive office or sole place of business or its corporate structure
           in any way (e.g., by merger, consolidation, change in corporate form
           or otherwise) within the past five (5) years;

                               (v) it has not within the last five (5) years
           become bound (whether as a result of merger or otherwise) as debtor
           under a security agreement entered into by another Person, which has
           not heretofore been terminated; other than the

                                       10
<PAGE>
            agreements identified on Section D of Schedule 4.1 (as such schedule
            may be amended or supplemented from time to time);

                               (vi) with respect to each agreement identified on
           Section D of Schedule 4.1, it has indicated on Sections A and B of
           Schedule 4.1 the information required pursuant to Section 4.1(a)(ii),
           (iii) and (iv) with respect to the debtor under each such agreement;

                               (vii) upon (A) the filing of all UCC financing
           statements naming each Grantor as "debtor" and Collateral Agent as
           "secured party" and describing the Collateral in the filing offices
           set forth opposite such Grantor's name on Section E of Schedule 4.1
           (as such schedule may be amended or supplemented from time to time)
           and other filings delivered by each Grantor; (B) the execution of a
           control agreement in the form of Exhibits B, C or D hereto with
           respect to any uncertificated security, Securities Account or Deposit
           Account, respectively; (C) the consent of Issuing Bank with respect
           to Letter of Credit Rights; (D) the United States Copyright Office
           filings set forth opposite such Grantor's name on Section F of
           Schedule 4.1; and (E) the United States Patent and Trademark Office
           filings set forth opposite such Grantor's name on Section G of
           Schedule 4.1, the security interests granted to Collateral Agent
           hereunder constitute valid and perfected First Priority Liens
           (subject in the case of priority only to Permitted Liens and to the
           rights of the United States government (including any agency or
           department thereof) with respect to United States government
           Receivables) on all of the Collateral;

                               (viii) all actions and consents, including all
           filings, notices, registrations and recordings necessary for the
           exercise by Collateral Agent of the voting or other rights provided
           for in this Agreement or the exercise of remedies in respect of the
           Collateral have been made or obtained;

                               (ix) other than the financing statements filed in
           favor of Collateral Agent, no effective UCC financing statement,
           fixture filing or other instrument similar in effect under any
           applicable law covering all or any part of the Collateral is on file
           in any filing or recording office except for (x) financing statements
           for which proper termination statements have been delivered to
           Collateral Agent for filing and (y) financing statements filed in
           connection with Permitted Liens;

                               (x) no authorization, approval or other action
           by, and no notice to or filing with, any Governmental Authority or
           regulatory body is required for either (i) the pledge or grant by any
           Grantor of the Liens purported to be created in favor of Collateral
           Agent hereunder or (ii) the exercise by Collateral Agent of any
           rights or remedies in respect of any Collateral (whether specifically
           granted or created hereunder or created or provided for by applicable
           law), except (A) for the filings contemplated by clause (vii) above
           and (B) as may be required, in connection with the disposition of any
           Investment Related Property, by laws generally affecting the offering
           and sale of Securities;

                               (xi) all information supplied by any Grantor with
           respect to any of the Collateral (in each case taken as a whole with
           respect to any particular type of Collateral) is accurate and
           complete in all material respects;

                                       11
<PAGE>
                               (xii) none of the Collateral constitutes, or is
           the Proceeds of, "farm products" (as defined in the UCC);

                               (xiii) it does not own any "as extracted
           collateral" (as defined in the UCC) or any timber to be cut;

                               (xiv) except as described on Section D of
           Schedule 4.1, such Grantor is not bound as a debtor, either by
           contract or by operation of law, by a security agreement previously
           entered into by another Person; and

                               (xv) such Grantor has been duly organized as an
           entity of the type set forth opposite such Grantor's name on Section
           A of Schedule 4.1 solely under the laws of the jurisdiction as set
           forth opposite such Grantor's name on Section A of Schedule 4.1 and
           remains duly existing as such. Such Grantor has not filed any
           certificates of domestication, transfer or continuance in any other
           jurisdiction.

                     (b) Covenants and Agreements. Each Grantor hereby covenants
     and agrees that:

                               (i) except for the security interest created by
           this Agreement, it shall not create or suffer to exist any Lien upon
           or with respect to any of the Collateral, except Permitted Liens, and
           such Grantor shall defend the Collateral against all Persons at any
           time claiming any interest therein;

                               (ii) it shall not produce, use or permit any
           Collateral to be used unlawfully or in violation of any provision of
           this Agreement or any applicable statute, regulation or ordinance or
           any policy of insurance covering the Collateral, where such use or
           violation could reasonably be expected to have, individually or in
           the aggregate, a Material Adverse Effect;

                               (iii) it shall not change such Grantor's name,
           identity, corporate structure (e.g., by merger, consolidation, change
           in corporate form or otherwise), sole place of business, chief
           executive office, type of organization or jurisdiction of
           organization unless it shall have (a) notified Collateral Agent in
           writing, by executing and delivering to Collateral Agent a completed
           Pledge Supplement, together with all Supplements to Schedules
           attached thereto, at least thirty (30) days prior to any such change
           or establishment, identifying such new proposed name, identity,
           corporate structure, sole place of business, chief executive office
           or jurisdiction of organization and providing such other information
           in connection therewith as Collateral Agent may reasonably request
           and (b) taken all actions necessary to maintain the continuous
           validity, perfection and the same priority of Collateral Agent's
           security interest in the Collateral intended to be granted and agreed
           to hereby;

                               (iv) if Collateral Agent or any Secured Party
           gives value to enable Grantor to acquire rights in or the use of any
           Collateral, it shall use such value for such purposes and such
           Grantor further agrees that repayment of any Obligation shall apply
           on a "first-in, first-out" basis so that the portion of the value
           used to acquire rights in any Collateral shall be paid in the
           chronological order such Grantor acquired rights therein;

                                       12
<PAGE>
                               (v) it shall pay when due all property and other
           taxes, assessments and governmental charges or levies imposed upon,
           and all claims (including claims for labor, materials and supplies)
           against, the Collateral, except to the extent the validity thereof is
           being contested in good faith; provided, such Grantor shall in any
           event pay such taxes, assessments, charges, levies or claims not
           later than five (5) days prior to the date of any proposed sale under
           any judgment, writ or warrant of attachment entered or filed against
           such Grantor or any of the Collateral as a result of the failure to
           make such payment;

                               (vi) upon such Grantor or any officer of such
           Grantor obtaining knowledge thereof, it shall promptly notify
           Collateral Agent in writing of any event that may reasonably be
           expected to materially adversely affect the value of the Collateral
           or any material portion thereof, the ability of any Grantor or
           Collateral Agent to dispose of the Collateral or any material portion
           thereof or the rights and remedies of Collateral Agent in relation
           thereto, including, without limitation, the levy of any legal process
           against the Collateral or any material portion thereof;

                               (vii) it shall not take or permit any action not
           otherwise permitted by the Credit Documents which could reasonably be
           expected to impair Collateral Agent's rights in the Collateral; and

                               (viii) it shall not sell, transfer or assign (by
           operation of law or otherwise) any Collateral, except as Permitted
           Sales.

           4.2       EQUIPMENT AND INVENTORY.

                     (a) Representations and Warranties. Each Grantor represents
     and warrants that:

                         (i) all of the Equipment and Inventory included in the
           Collateral has been kept for the past five (5) years or such shorter
           period of time as such Grantor has owned such Equipment or Inventory
           only at the locations specified for any Grantor in Schedule 4.2 (as
           such schedule may be amended or supplemented from time to time);

                         (ii) any Goods now or hereafter produced by any Grantor
           included in the Collateral have been and will be produced in
           compliance in all material respects with the requirements of the Fair
           Labor Standards Act, as amended; and

                         (iii) none of the Inventory or Equipment is in the
           possession of an issuer of a negotiable document (as defined in
           Section 7-104 of the UCC) therefor or otherwise in the possession of
           a bailee or a warehouseman.

                     (b) Covenants and Agreements. Each Grantor covenants and
     agrees that:

                         (i) it shall keep the Equipment, Inventory and any
           Documents evidencing any Equipment and Inventory in the locations
           specified for any Grantor on Schedule 4.2 (as such schedule may be
           amended or supplemented from time to time) unless it shall have (a)
           notified Collateral Agent in writing, by executing and delivering to
           Collateral Agent a completed Pledge Supplement, together with all
           Supplements to Schedules thereto, at least twenty (20) days prior to
           any change in locations, identifying such new locations and providing
           such other information in connection therewith as

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            Collateral Agent may reasonably request and (b) taken all actions
            necessary to maintain the continuous validity, perfection and the
            same priority of Collateral Agent's security interest in the
            Collateral intended to be granted and agreed to hereby, or to enable
            Collateral Agent to exercise and enforce its rights and remedies
            hereunder, with respect to such Equipment and Inventory;

                         (ii) it shall keep correct and accurate records of the
           Inventory, as is customarily maintained by it and, in any event, in
           conformity with GAAP;

                         (iii) it shall not deliver any Document evidencing any
           Equipment and Inventory to any Person other than the issuer of such
           Document to claim the Goods evidenced therefor or Collateral Agent;

                         (iv) if any Equipment or Inventory is in possession or
           control of any third party (other than for repairs), each Grantor
           shall join with Collateral Agent in notifying the third party of
           Collateral Agent's security interest and obtaining an acknowledgment
           from the third party that it is holding the Equipment and Inventory
           for the benefit of Collateral Agent; and

                         (v) with respect to any item of Equipment which is
           covered by a certificate of title under a statute of any jurisdiction
           under the law of which indication of a security interest on such
           certificate is required as a condition of perfection thereof, upon
           the reasonable request of Collateral Agent, (A) provide information
           with respect to any such Equipment having a book value in excess of
           $100,000 individually or $1,000,000 in the aggregate, (B) execute and
           file with the registrar of motor vehicles or other appropriate
           authority in such jurisdiction an application or other document
           requesting the notation or other indication of the security interest
           created hereunder on such certificate of title, and (C) deliver to
           Collateral Agent copies of all such applications or other documents
           filed during such calendar quarter and copies of all such
           certificates of title issued during such calendar quarter indicating
           the security interest created hereunder in the items of Equipment
           covered thereby.

           4.3       RECEIVABLES.

                     (a) Covenants and Agreements. Each Grantor hereby covenants
     and agrees that:

                               (i) it shall keep and maintain at its own cost
           and expense satisfactory and complete, in all material respects,
           records of the Receivables, including, but not limited to, records of
           all payments received and all credits granted on the Receivables;

                               (ii) it shall mark conspicuously, in form and
           manner reasonably satisfactory to Collateral Agent, all Chattel Paper
           and Instruments (other than any delivered to Collateral Agent as
           provided herein), as well as the Receivables Records, with an
           appropriate reference to the fact that Collateral Agent has a
           security interest therein;

                               (iii) it shall perform in all material respects
           all of its obligations with respect to the Receivables owned by such
           Grantor;

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<PAGE>
                               (iv) it shall not amend, modify, terminate or
           waive any provision of any Receivable in any manner which could
           reasonably be expected to materially adversely affect the value of
           the Receivables as Collateral. Other than in the ordinary course of
           business as generally conducted by it on and prior to the date
           hereof, and except as otherwise provided in subsection (v) below,
           upon the occurrence and during the continuance of an Event of
           Default, such Grantor shall not (w) grant any extension or renewal of
           the time of payment of any Receivable owned by such Grantor, (x)
           compromise or settle any dispute, claim or legal proceeding with
           respect to any Receivable owned by such Grantor for less than the
           total unpaid balance thereof, (y) release, wholly or partially, any
           Person liable for the payment thereof or (z) allow any credit or
           discount thereon;

                               (v) except as otherwise provided in this
           subsection, each Grantor shall continue to collect all amounts due or
           to become due to such Grantor under the Receivables and any
           Supporting Obligation and diligently exercise each material right it
           may have under any Receivable, any Supporting Obligation or
           Collateral Support, in each case, at its own expense and consistent
           with past practices, and in connection with such collections and
           exercise, such Grantor shall take such action as such Grantor or
           Collateral Agent may deem necessary. In addition, at any time
           following the occurrence and during the continuance of an Event of
           Default, Collateral Agent may: (1) direct the Account Debtors under
           any Receivables owned by such Grantor to make payment of all amounts
           due or to become due to such Grantor thereunder directly to
           Collateral Agent; (2) notify, or require any Grantor to notify, each
           Person maintaining a lockbox or similar arrangement to which Account
           Debtors under any Receivables have been directed to make payment to
           remit all amounts representing collections on checks and other
           payment items from time to time sent to or deposited in such lockbox
           or other arrangement directly to Collateral Agent; and (3) enforce,
           at the expense of such Grantor, collection of any such Receivables
           and adjust, settle or compromise the amount or payment thereof, in
           the same manner and to the same extent as such Grantor might have
           done. If Collateral Agent notifies any Grantor that it has elected to
           collect the Receivables in accordance with the preceding sentence,
           any payments of Receivables received by such Grantor shall be
           forthwith (and in any event within two (2) Business Days) deposited
           by such Grantor in the exact form received, duly indorsed by such
           Grantor to Collateral Agent if required, in an account maintained
           under the sole dominion and control of Collateral Agent, and until so
           turned over, all amounts and proceeds (including checks and other
           instruments) received by such Grantor in respect of the Receivables,
           any Supporting Obligation or Collateral Support shall be received in
           trust for the benefit of Collateral Agent hereunder and shall be
           segregated from other funds of such Grantor and such Grantor shall
           not adjust, settle or compromise the amount or payment of any
           Receivable, or release wholly or partly any Account Debtor or obligor
           thereof, or allow any credit or discount thereon; and

                               (vi) it shall use commercially reasonable efforts
           to keep in full force and effect any Supporting Obligation or
           Collateral Support relating to any Receivable.

                      (b) Delivery and Control of Receivables. With respect to
any Receivables of any Grantor in excess of $150,000 individually or $1,000,000
in the aggregate that is evidenced by, or constitutes, Chattel Paper or
Instruments, such Grantor shall cause each originally executed copy thereof to
be delivered to Collateral Agent (or its agent or designee) appropriately
indorsed to Collateral Agent or indorsed in blank (i) with respect to any such
Receivables in existence on

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<PAGE>
the date hereof, within ten (10) days of the date hereof and (ii) with respect
to any such Receivables hereafter arising, within ten (10) days of such Grantor
acquiring rights therein. With respect to any Receivables of any Grantor in
excess of $150,000 individually or $1,000,000 in the aggregate which would
constitute "electronic chattel paper" under Article 9 of the UCC, such Grantor
shall take all steps necessary to give Collateral Agent control over such
Receivables (within the meaning of Section 9-105 of the UCC) (i) with respect to
any such Receivables in existence on the date hereof, within ten (10) days of
the date hereof and (ii) with respect to any such Receivables hereafter arising,
within ten (10) days of such Grantor acquiring rights therein. Any Receivable
not otherwise required to be delivered or subjected to the control of Collateral
Agent in accordance with this subsection (c) shall be subjected to the control
of the applicable Grantor at any time.

            4.4 INVESTMENT RELATED PROPERTY.

                     4.4.1     INVESTMENT RELATED PROPERTY GENERALLY

                      (a) Covenants and Agreements. Each Grantor hereby
     covenants and agrees that:

                               (i) in the event it acquires rights in any
           Investment Related Property after the date hereof, it shall deliver
           to Collateral Agent a completed Pledge Supplement, together with all
           Supplements to Schedules thereto, reflecting such new Investment
           Related Property. Notwithstanding the foregoing, it is understood and
           agreed that the security interest of Collateral Agent shall attach to
           all Investment Related Property immediately upon any Grantor's
           acquisition of rights therein and shall not be affected by the
           failure of any Grantor to deliver a Supplement to Schedule 4.4 as
           required hereby;

                               (ii) except as provided in the next sentence, in
           the event such Grantor receives any dividends, interest or
           distributions on any Investment Related Property, or any Securities
           or other property upon the merger, consolidation, liquidation or
           dissolution of any issuer of any Investment Related Property, then
           (a) such dividends, interest or distributions and Securities or other
           property shall be included in the definition of Collateral without
           further action and (b) such Grantor shall immediately take all steps,
           if any, necessary to ensure the validity, perfection, priority and,
           if applicable, control of Collateral Agent over such Investment
           Related Property (including, without limitation, delivery thereof to
           Collateral Agent) and, pending any such action, such Grantor shall be
           deemed to hold such dividends, interest, distributions, Securities or
           other property in trust for the benefit of Collateral Agent and shall
           segregate such dividends, distributions, Securities or other property
           from all other property of such Grantor. Notwithstanding the
           foregoing, so long as no Event of Default shall have occurred and be
           continuing, Collateral Agent authorizes each Grantor to retain all
           cash dividends and distributions paid in the normal course of the
           business of the issuer and consistent with the past practice of the
           issuer and all payments of interest; and

                               (iii) each Grantor consents to the grant by each
           other Grantor of a security interest in all Investment Related
           Property to Collateral Agent.

                      (b) Delivery and Control. Each Grantor agrees that, with
respect to any Investment Related Property in which it currently has rights, it
has complied with the provisions of this Section 4.4.1(b) on or before the date
hereof and, with respect to any Investment Related

                                       16
<PAGE>
Property hereafter acquired by such Grantor, it shall comply with the provisions
of this Section 4.4.1(b) immediately upon acquiring rights therein, in each case
in form and substance reasonably satisfactory to Collateral Agent. With respect
to any Investment Related Property that is represented by a certificate or that
is an Instrument (other than any Investment Related Property credited to a
Securities Account), it shall cause such certificate or Instrument to be
delivered to Collateral Agent, indorsed in blank by an "effective indorsement"
(as defined in Section 8-107 of the UCC), regardless of whether such certificate
constitutes a "certificated security" for purposes of the UCC. With respect to
any Investment Related Property that is an "uncertificated security" for
purposes of the UCC (other than any "uncertificated securities" credited to a
Securities Account), it shall cause the issuer of such uncertificated security
to either (i) register Collateral Agent as the registered owner thereof on the
books and records of the issuer or (ii) execute an agreement substantially in
the form of Exhibit B hereto.

                      (c) Voting and Distributions. So long as no Event of
Default shall have occurred and be continuing:

                          (i) except as otherwise provided under the covenants
      and agreements relating to Investment Related Property in this Agreement
      or in the Credit Agreement, each Grantor shall be entitled to exercise or
      refrain from exercising any and all voting and other consensual rights
      pertaining to the Investment Related Property, or any part thereof, for
      any purpose not inconsistent with the terms of this Agreement or the
      Credit Agreement; provided, no Grantor shall exercise or refrain from
      exercising any such right if Collateral Agent shall have notified such
      Grantor that, in Collateral Agent's reasonable judgment, such action would
      have a Material Adverse Effect; and provided further, such Grantor shall
      give Collateral Agent at least five (5) Business Days prior written notice
      of the manner in which it intends to exercise, or the reasons for
      refraining from exercising, any such right; it being understood, however,
      that neither the voting by such Grantor of any Pledged Stock for, or such
      Grantor's consent to, the election of directors (or similar governing
      body) at a regularly scheduled annual or other meeting of stockholders or
      with respect to incidental matters at any such meeting, nor such Grantor's
      consent to or approval of any action otherwise permitted under this
      Agreement and the Credit Agreement, shall be deemed inconsistent with the
      terms of this Agreement or the Credit Agreement within the meaning of this
      Section 4.4.1(c)(i), and no notice of any such voting or consent need be
      given to Collateral Agent;

                          (ii) Collateral Agent shall promptly execute and
      deliver (or cause to be executed and delivered) to each Grantor all
      proxies and other instruments as such Grantor may from time to time
      reasonably request for the purpose of enabling such Grantor to exercise
      the voting and other consensual rights when and to the extent which it is
      entitled to exercise pursuant to clause (i) above; and

                          (iii) upon the occurrence and during the continuance
      of an Event of Default:

      (1)   all rights of each Grantor to exercise or refrain from exercising
            the voting and other consensual rights which it would otherwise be
            entitled to exercise pursuant hereto shall cease, and all such
            rights shall thereupon become vested in Collateral Agent who shall
            thereupon have the sole right to exercise such voting and other
            consensual rights; and

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<PAGE>
      (2)   in order to permit Collateral Agent to exercise the voting and other
            consensual rights which it may be entitled to exercise pursuant
            hereto and to receive all dividends and other distributions which it
            may be entitled to receive hereunder, (A) each Grantor shall
            promptly execute and deliver (or cause to be executed and delivered)
            to Collateral Agent all proxies, dividend payment orders and other
            instruments as Collateral Agent may from time to time reasonably
            request and (B) each Grantor acknowledges that Collateral Agent may
            utilize the power of attorney set forth in and in accordance with
            Section 6.1.

                     4.4.2     PLEDGED EQUITY INTERESTS

                     (a) Representations and Warranties. Each Grantor hereby
represents and warrants that:

                         (i) Section A of Schedule 4.4 (as such schedule may be
         amended or supplemented from time to time) sets forth under the
         headings "Pledged Stock," "Pledged LLC Interests," "Pledged Partnership
         Interests" and "Pledged Trust Interests," respectively, all of the
         Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and
         Pledged Trust Interests owned by such Grantor, and such Pledged Equity
         Interests constitute the percentage of issued and outstanding shares of
         stock, percentage of membership interests, percentage of partnership
         interests or percentage of beneficial interest of the respective
         issuers thereof indicated on such Schedule;

                         (ii) except as set forth on Section B of Schedule 4.4,
         it has not acquired any equity interests of another entity or
         substantially all the assets of another entity within the past five (5)
         years;

                         (iii) it is the record and beneficial owner of such
         Pledged Equity Interests free of all Liens, rights or claims of other
         Persons other than Permitted Liens, and, other than as set forth on
         Schedule 4.4, there are no outstanding warrants, options or other
         rights to purchase, or shareholder, voting trust or similar agreements
         outstanding with respect to, or property that is convertible into, or
         that requires the issuance or sale of, any Pledged Equity Interests;

                         (iv) without limiting the generality of Section
         4.4.2(a)(iii), no consent of any Person, including any other general or
         limited partner, any other member of a limited liability company, any
         other shareholder or any other trust beneficiary, is necessary in
         connection with the creation, perfection or First Priority status of
         the security interest of Collateral Agent in any Pledged Equity
         Interests or the exercise by Collateral Agent of the voting or other
         rights provided for in this Agreement or the exercise of remedies in
         respect thereof; and

                         (v) none of the Pledged LLC Interests nor Pledged
         Partnership Interests are or represent interests in issuers that (A)
         are registered as investment companies, (B) are dealt in or traded on
         securities exchanges or markets or (C) have opted to be treated as
         securities under the uniform commercial code of any jurisdiction.

                      (b) Covenants and Agreements. Each Grantor hereby
covenants and agrees that:

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<PAGE>
                           (i)      without the prior written consent of
         Collateral Agent, it shall not vote to, enable another Person to or
         take any other action to (a) amend or terminate (other than as
         permitted by the Credit Agreement) any partnership agreement, limited
         liability company agreement, certificate of incorporation, by-laws or
         other organizational documents related to such Grantor's Pledged Equity
         Interests in any way that materially adversely changes the rights of
         such Grantor with respect to any Investment Related Property or
         adversely affects the validity, perfection or priority of Collateral
         Agent's security interest, (b) permit any issuer of any Pledged Equity
         Interest owned by such Grantor to issue any additional stock,
         partnership interests, limited liability company interests or other
         equity interests of any nature or to issue Securities convertible into
         or granting the right of purchase or exchange for any stock or other
         equity interest of any nature of such issuer, (c) other than as
         permitted under the Credit Agreement, permit any issuer of any Pledged
         Equity Interest to dispose of all or a material portion of their
         assets, (d) waive any default under or breach of any terms of
         organizational documents relating to the issuer of any Pledged Equity
         Interest or the terms of any Pledged Debt owned by such Grantor, which
         default or breach may reasonably be expected to materially adversely
         affect the Collateral, or (e) cause any issuer of any Pledged
         Partnership Interests or Pledged LLC Interests which are not Securities
         (for purposes of the UCC) on the date hereof to elect or otherwise take
         any action to cause such Pledged Partnership Interests or Pledged LLC
         Interests to be treated as Securities for purposes of the UCC;
         provided, however, notwithstanding the foregoing, if any issuer of any
         Pledged Partnership Interests or Pledged LLC Interests takes any such
         action in violation of the foregoing in this clause (e), such Grantor
         shall promptly notify Collateral Agent in writing of any such election
         or action and, in such event, shall take all steps necessary to
         establish Collateral Agent's "control" thereof;

                           (ii)     it shall comply, in all material respects,
         with all of its obligations under any partnership agreement or limited
         liability company agreement relating to Pledged Partnership Interests
         or Pledged LLC Interests owned by such Grantor and shall enforce all of
         its rights with respect to any Investment Related Property owned by
         such Grantor;

                           (iii)    without the prior written consent of
         Collateral Agent, it shall not permit any issuer of any Pledged Equity
         Interest to merge or consolidate unless (i) such issuer creates a
         security interest that is perfected by a filed financing statement
         (that is not effective solely under Section 9-508 of the UCC) in
         collateral in which such new debtor has or acquires rights and (ii), to
         the extent required by the Credit Agreement, all the outstanding
         Capital Stock of the surviving or resulting corporation, limited
         liability company, partnership or other entity is, upon such merger or
         consolidation, pledged hereunder and no cash, Securities or other
         property is distributed in respect of the outstanding equity interests
         of any other constituent Grantor; provided that if the surviving or
         resulting Grantor upon any such merger or consolidation involving an
         issuer which is a Controlled Foreign Corporation, then such Grantor
         shall only be required to pledge equity interests in accordance with
         Section 2.2; and

                            (iv)     each Grantor consents to the grant by each
          other Grantor of a security interest in all Investment Related
          Property to Collateral Agent and, without limiting the foregoing,
          consents to the transfer of any Pledged Partnership Interest and any
          Pledged LLC Interest to Collateral Agent or its nominee following and
          during the continuance of an Event of Default and to the substitution
          of Collateral Agent or its

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          nominee as a partner in any partnership or as a member in any limited
          liability company with all the rights and powers related thereto.

                  4.4.3    PLEDGED DEBT

                  (a)      Representations and Warranties. Each Grantor hereby
represents and warrants that Schedule 4.4 (as such schedule may be amended or
supplemented from time to time) sets forth under the heading "Pledged Debt" all
of the Pledged Debt owned by such Grantor and all of such Pledged Debt has been
duly authorized, authenticated or issued, and delivered and is the legal, valid
and binding obligation of the issuers thereof and is not in default and
constitutes all of the issued and outstanding inter-company Indebtedness of such
Grantor.

                  (b)      Covenants and Agreements. Each Grantor hereby
covenants and agrees that it shall notify Collateral Agent of any default under
any Pledged Debt owned by such Grantor that has caused, either in any individual
case or in the aggregate, a Material Adverse Effect.

                  4.4.4    INVESTMENT ACCOUNTS

                  (a)      Representations and Warranties. Each Grantor hereby
represents and warrants that:

                           (i)      Schedule 4.4 (as such schedule may be
         amended or supplemented from time to time) sets forth under the
         headings "Securities Accounts" and "Commodities Accounts,"
         respectively, all of the Securities Accounts and Commodities Accounts
         in which such Grantor has an interest. Such Grantor is the sole
         entitlement holder of each such Securities Account and Commodities
         Account attributed to it, and such Grantor has not consented to, and is
         not otherwise aware of, any Person (other than Collateral Agent
         pursuant hereto) having "control" (within the meanings of Sections
         8-106 and 9-106 of the UCC) over, or any other interest in, any such
         Securities Account or Commodities Account or Securities or other
         property credited thereto;

                           (ii)     Schedule 4.4 (as such schedule may be
         amended or supplemented from time to time) sets forth under the
         headings "Deposit Accounts" all of the Deposit Accounts in which such
         Grantor has an interest. Such Grantor is the sole account holder of
         each such Deposit Account attributed to it and such Grantor has not
         consented to, and is not otherwise aware of, any Person (other than
         Collateral Agent pursuant hereto) having either sole dominion and
         control (within the meaning of common law) or "control" (within the
         meaning of Section 9-104 of the UCC) over, or any other interest in,
         any such Deposit Account or any Money or other property deposited
         therein; and

                           (iii)    Except as otherwise provided in Section
         6.21(b) of the Credit Agreement, such Grantor has taken all actions
         necessary, including those specified in Section 4.4.4(b), to (a)
         establish Collateral Agent's "control" (within the meanings of Sections
         8-106 and 9-106 of the UCC) over any portion of the Investment Related
         Property constituting certificated Securities, uncertificated
         Securities, Securities Accounts, Securities Entitlements or Commodities
         Accounts (each as defined in the UCC), (b) establish Collateral Agent's
         "control" (within the meaning of Section 9-104 of the UCC) over all
         Deposit Accounts and (c) deliver all Instruments in connection
         therewith to Collateral Agent.

                                       20
<PAGE>
                  (b)      Delivery and Control

                           (i)      Each Grantor agrees that, except as
         otherwise provided in Section 6.21(b) of the Credit Agreement, with
         respect to any Investment Related Property consisting of Securities
         Accounts or Securities Entitlements in which it has rights, it shall
         cause the securities intermediary maintaining such Securities Account
         or Securities Entitlement to enter into an agreement substantially in
         the form of Exhibit C. Each Grantor agrees that, except as otherwise
         provided in Section 6.21(b) of the Credit Agreement, with respect to
         any Investment Related Property in which it has rights that is a
         "Deposit Account," it shall cause the depositary institution
         maintaining such account to enter into an agreement substantially in
         the form of Exhibit D. Except as otherwise provided in Section 6.21(b)
         of the Credit Agreement, each Grantor shall have entered into such
         control agreement or agreements with respect to (i) any Securities
         Accounts, Securities Entitlements or Deposit Accounts that exist on the
         date hereof, as of or prior to the Credit Date and (ii) any Securities
         Accounts, Securities Entitlements or Deposit Accounts that are created
         or acquired after the date hereof, as of or prior to the deposit or
         transfer of any such Securities Entitlements or funds, whether
         constituting moneys or investments, into such Securities Accounts or
         Deposit Accounts. Upon the cure or waiver of any Event of Default,
         Collateral Agent shall notify the appropriate depositary institution
         maintaining such Securities Accounts or Deposit Accounts that such
         depositary institution shall accept instructions from the appropriate
         Grantor until such time as such depositary institution receives further
         instructions from Collateral Agent.

                           (ii)     In addition to the foregoing, if any issuer
         of any Investment Related Property is located in a jurisdiction outside
         of the United States, each Grantor shall take such additional actions,
         including, without limitation, causing the issuer to register the
         pledge on its books and records or making such filings or recordings,
         in each case as may be necessary, under the laws of such issuer's
         jurisdiction to insure the validity, perfection and priority of the
         security interest of Collateral Agent. Upon the occurrence and during
         the continuance of an Event of Default, Collateral Agent shall have the
         right, without notice to any Grantor, to transfer all or any portion of
         the Investment Related Property to its name or the name of its nominee
         or agent. In addition, Collateral Agent shall have the right at any
         time after the occurrence and during the continuance of an Event of
         Default, without notice to any Grantor, to exchange any certificates or
         instruments representing any Investment Related Property for
         certificates or instruments of smaller or larger denominations.

         4.5      MATERIAL CONTRACTS.

                  (a)      Representations and Warranties. Each Grantor hereby
represents and warrants that:

                           (i)      Schedule 4.5 (as such schedule may be
         amended or supplemented from time to time) sets forth all of the
         Material Contracts to which such Grantor has rights;

                           (ii)     the Material Contracts, true and complete
         copies (including any amendments or supplements thereof) of which have
         been furnished to Collateral Agent, have been duly authorized, executed
         and delivered by all parties thereto, are in full force and effect and
         are binding upon and enforceable against all parties thereto in
         accordance with their respective terms. There exists no default that
         could reasonably be

                                       21
<PAGE>
         expected to cause a Material Adverse Effect under any Material Contract
         by any party thereto and neither such Grantor nor, to its best
         knowledge, any other Person party thereto is likely to become in
         default thereunder, and no Person party thereto has any defenses,
         counterclaims or right of set-off with respect to any Material
         Contract; and

                           (iii)    except as otherwise set forth on Schedule
         4.5, no Material Contract prohibits assignment or requires consent of
         or notice to any Person in connection with the assignment to Collateral
         Agent hereunder, except such as has been given or made or is currently
         sought pursuant to Section 4.5 (b)(vii).

                  (b)      Covenants and Agreements. Each Grantor hereby
covenants and agrees that:

                           (i)      after the occurrence and during the
         continuance of an Event of Default, Collateral Agent may, upon written
         notice to the applicable Grantor, notify, or require such Grantor to
         notify, the counterparty to make all payments under any Material
         Contract of such Grantor directly to Collateral Agent;

                           (ii)     such Grantor shall deliver promptly to
         Collateral Agent a copy of each material demand, notice or document
         received by it relating in any way to any Material Contract;

                           (iii)    such Grantor shall deliver promptly to
         Collateral Agent, and in any event within ten (10) Business Days, after
         (1) any Material Contract of such Grantor is terminated or amended in a
         manner that is materially adverse to such Grantor or (2) any new
         Material Contract is entered into by such Grantor, a written statement
         describing such event, with copies of such material amendments or new
         contracts, delivered to Collateral Agent (to the extent such delivery
         is permitted by the terms of any such Material Contract; provided, no
         prohibition on delivery shall be effective if it were bargained for by
         such Grantor with the intent of avoiding compliance with this Section
         4.5(b)(iii));

                           (iv)     it shall perform in all material respects
         all of its obligations with respect to the Material Contracts of such
         Grantor;

                           (v)      it shall promptly and diligently exercise
         each material right (except the right of termination) it may have under
         any Material Contract, any Supporting Obligation or Collateral Support,
         in each case, at its own expense, and in connection with such
         collections and exercise, such Grantor shall take such action as such
         Grantor or Collateral Agent may deem necessary;

                           (vi)     it shall use commercially reasonable efforts
         to keep in full force and effect any Supporting Obligation or
         Collateral Support relating to any Material Contract of such Grantor;
         and

                           (vii)    such Grantor shall, within thirty (30) days
         of the date hereof with respect to any Non-Assignable Contract that is
         a Material Contract in effect on the date hereof and within thirty (30)
         days after entering into any Non-Assignable Contract that is a Material
         Contract after the Closing Date, request in writing the consent of the
         counterparty or counterparties to such Non-Assignable Contract pursuant
         to the terms of such Non-Assignable Contract or applicable law to the
         assignment or granting of a

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<PAGE>
         security interest in such Non-Assignable Contract to Collateral Agent
         and use commercially reasonable efforts to obtain such consent as soon
         as practicable thereafter.

         4.6      LETTER OF CREDIT RIGHTS.

                  (a)      Representations and Warranties. Each Grantor hereby
represents and warrants that:

                           (i)      all material letters of credit to which such
         Grantor has rights are listed on Schedule 4.6 (as such schedule may be
         amended or supplemented from time to time); and

                           (ii)     it has obtained the consent of each issuer
         of any material letter of credit to the assignment of the proceeds of
         the letter of credit to Collateral Agent.

                  (b)      Covenants and Agreements. Each Grantor hereby
covenants and agrees that, with respect to any material letter of credit to
which such Grantor has rights hereafter arising, it shall obtain the consent of
the issuer thereof to the assignment of the proceeds of such letter of credit to
Collateral Agent and shall deliver to Collateral Agent a completed Pledge
Supplement, together with all Supplements to Schedules thereto.

         4.7      INTELLECTUAL PROPERTY.

                  (a)      Representations and Warranties. Except as disclosed
in Section H of Schedule 4.7 (as such schedule may be amended or supplemented
from time to time), each Grantor hereby represents and warrants that:

                           (i)      Schedule 4.7 (as such schedule may be
         amended or supplemented from time to time) sets forth a true and
         complete list of (i) all United States, state and foreign registrations
         of and applications for Patents, Trademarks and Copyrights owned by
         such Grantor and (ii) all Patent Licenses, Trademark Licenses and
         Copyright Licenses, in each case material to the business of such
         Grantor;

                           (ii)     it is the sole and exclusive owner of the
         entire right, title and interest in and to all Intellectual Property
         owned by it on Schedule 4.7 (as such schedule may be amended or
         supplemented from time to time) and owns or has the valid right to use
         all other Intellectual Property used in or necessary to conduct its
         business, free and clear of all Liens and licenses, except for
         Permitted Liens and the licenses set forth on Sections B, D, F and G of
         Schedule 4.7 (as each may be amended or supplemented from time to
         time);

                           (iii)    all Intellectual Property owned by such
         Grantor and listed on Schedule 4.7 (the "SCHEDULED IP"), all other
         Intellectual Property owned by such Grantor necessary to conduct its
         business (the "OWNED IP") and, to the knowledge of such Grantor, all
         other Intellectual Property necessary to conduct its business (the
         "ADDITIONAL IP") is subsisting, valid and enforceable and has not been
         adjudged invalid or unenforceable, in whole or in part, and such
         Grantor has performed all acts and has paid all renewal, maintenance
         and other fees and taxes required to maintain each and every
         registration and application of Intellectual Property owned by such
         Grantor in full force and effect;

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<PAGE>
                           (iv)     no holding, decision or judgment has been
         rendered in any action or proceeding before any court or administrative
         authority challenging the validity of such Grantor's right to register,
         or such Grantor's rights to own or use, any Scheduled IP, Owned IP or,
         to the knowledge of such Grantor, Additional IP, and no such action or
         proceeding is pending or, to the best of such Grantor's knowledge,
         threatened;

                           (v)      such Grantor is listed as the record owner
         for all registrations and applications for Copyrights, Patents and
         Trademarks owned by such Grantor in the applicable United States, state
         or foreign office or agency, and none of the Trademarks, Patents,
         Copyrights or Trade Secrets included in the Collateral has been
         licensed by such Grantor to any Affiliate or third party, except as
         disclosed in Schedule 4.7 (as such schedule may be amended or
         supplemented from time to time);

                           (vi)     it has been using appropriate statutory
         notices of registration in connection with its use of registered
         Trademarks, proper marking practices in connection with the use of
         Patents and appropriate notices of copyright in connection with the
         publication of Copyrights, in each case material to the business of
         such Grantor;

                           (vii)    it uses adequate standards of quality in the
         manufacture, distribution and sale of any products sold and in the
         provision of all services rendered under or in connection with all
         Trademarks necessary to conduct its business included in the Collateral
         and has taken all action necessary to insure that all licensees of such
         Trademarks included in the Collateral owned by such Grantor use such
         adequate standards of quality;

                           (viii)   the conduct of such Grantor's business does
         not, to such Grantor's knowledge, infringe upon any Trademark, Patent,
         Copyright, Trade Secret or similar Intellectual Property right owned or
         controlled by a third party, and no claim has been made in writing to a
         Grantor that the use of any Intellectual Property owned or used by such
         Grantor (or any of its respective licensees) violates the asserted
         rights of any third party;

                           (ix)     to such Grantor's knowledge, no third party
         is infringing upon any Intellectual Property owned by such Grantor;

                           (x)      no settlements or consents, covenants not to
         sue, nonassertion assurances or releases have been entered into by
         Grantor or to which Grantor is bound that adversely affect Grantor's
         rights to own or use any Scheduled IP, Owned IP or, to the knowledge of
         such Grantor, Additional IP;

                           (xi)     it has not made a previous assignment, sale,
         transfer or agreement constituting a present or future assignment,
         sale, transfer or agreement of any Scheduled IP, Owned IP or Additional
         IP that has not been terminated or released;

                           (xii)    there is no effective financing statement or
         other document or instrument now executed, or on file or recorded in
         any public office, granting a security interest in or otherwise
         encumbering any part of the Scheduled IP, Owned IP or, to the knowledge
         of such Grantor, Additional IP, other than in favor of Collateral
         Agent; and

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<PAGE>
                           (xiii)   it is not a party to any agreement pursuant
         to which it has obtained the exclusive rights to use any third party's
         Copyrights, except as set forth on Schedule 4.7, and no license of
         Intellectual Property to which such Grantor is a party is reasonably
         likely to be construed as an assignment of such licensed Intellectual
         Property to such Grantor.

                  (b)      Covenants and Agreements. Each Grantor hereby
covenants and agrees as follows:

                           (i)      it shall not do any act or omit to do any
         act whereby any of the Intellectual Property which is material to the
         business of such Grantor may lapse or become abandoned, dedicated to
         the public or unenforceable, or which would adversely affect the
         validity, grant or enforceability of the security interest granted
         herein;

                           (ii)     it shall not, with respect to any Trademarks
         which are material to the business of such Grantor, cease the use of
         any of such Trademarks or fail to maintain the level of the quality of
         products sold, if any, and services rendered under any of such
         Trademarks at a level at least substantially consistent with the
         quality of such products and services as of the date hereof, and each
         Grantor shall take all reasonable steps necessary to insure that
         licensees of such Trademarks use such standards of quality;

                           (iii)    it shall, within sixty (60) days of the
         creation or acquisition of any copyrightable work which is material to
         the business of such Grantor, apply to register the Copyright in the
         United States Copyright Office, and it shall record its interest in any
         exclusive license of a Copyright to such Grantor in the United States
         Copyright Office within sixty (60) days of the execution of such
         license;

                           (iv)     it shall promptly notify Collateral Agent if
         it knows that any item of the Intellectual Property that is material to
         the business of such Grantor may become (A) abandoned or dedicated to
         the public or placed in the public domain, (B) invalid or unenforceable
         or (C) subject to any adverse determination or development (including
         the institution of proceedings) in any action or proceeding in the
         United States Patent and Trademark Office, the United States Copyright
         Office, any state registry, any foreign counterpart of the foregoing or
         any court, arbitral tribunal or regulatory agency;

                           (v)      it shall take all reasonable steps in the
         United States Patent and Trademark Office, the United States Copyright
         Office, any state registry or any foreign counterpart of the foregoing
         to pursue any application and maintain any registration of each
         Trademark, Patent and Copyright owned by such Grantor which is now or
         shall become included in the Intellectual Property (except for those
         items of Intellectual Property with respect to which such Grantor has
         determined, in the exercise of its commercially reasonable judgment,
         are no longer in use or have negligible value), including, but not
         limited to, those items on Sections A, C and E of Schedule 4.7 (as each
         may be amended or supplemented from time to time);

                           (vi)     in the event that any Intellectual Property
         owned by or exclusively licensed to any Grantor is infringed,
         misappropriated, diluted or otherwise violated by a third party, such
         Grantor shall promptly take all commercially reasonable actions to stop
         such infringement, misappropriation, dilution or other violation and
         protect its exclusive rights in such Intellectual Property, including,
         but not limited to, the initiation of a suit for injunctive relief and
         to recover damages;

                                       25
<PAGE>
                           (vii)    it shall promptly (but in no event more than
         thirty (30) days after any Grantor obtains knowledge thereof) report to
         Collateral Agent (i) the filing of any application to register any
         Intellectual Property with the United States Patent and Trademark
         Office, the United States Copyright Office, any state registry or any
         foreign counterpart of the foregoing (whether such application is filed
         by such Grantor or through any agent, employee, licensee or designee
         thereof), (ii) the registration of any Intellectual Property by any
         such office, (iii) the acquisition by such Grantor of any application
         or registration of any Intellectual Property and (iv) the existence of
         any agreement granting an Intellectual Property license which is in the
         nature of an agreement described in Section 4.7(a)(xiii), in each case
         by executing and delivering to Collateral Agent a completed Pledge
         Supplement, together with all Supplements to Schedules thereto;

                           (viii)   it shall, promptly upon the reasonable
         request of Collateral Agent, execute and deliver to Collateral Agent
         any document required to acknowledge, confirm, register, record or
         perfect Collateral Agent's security interest in any part of the
         Intellectual Property, whether now owned or hereafter acquired;

                           (ix)     except with the prior consent of Collateral
         Agent or as permitted under the Credit Agreement, such Grantor shall
         not execute, and there will not be on file in any public office, any
         financing statement or other document or instruments, except financing
         statements or other documents or instruments filed or to be filed in
         favor of Collateral Agent, and such Grantor shall not sell, assign,
         transfer, license, grant any option or create or suffer to exist any
         Lien upon or with respect to the Intellectual Property, except for the
         Lien created by and under this Security Agreement and the other Credit
         Documents and Permitted Liens, if any;

                           (x)      it shall hereafter use commercially
         reasonable efforts so as not to permit the inclusion in any contract to
         which it hereafter becomes a party of any provision that could or might
         in any way materially impair or prevent the creation hereunder of a
         security interest in, or the assignment of, such Grantor's rights and
         interests in any property included within the definitions of any
         Intellectual Property such Grantor acquires under such contracts;

                           (xi)     it shall take all steps reasonably necessary
         to protect the secrecy of all Trade Secrets, including, without
         limitation, entering into confidentiality and nondisclosure agreements
         with employees and other Persons having access to such Trade Secrets
         and labeling and restricting access to Trade Secrets;

                           (xii)    it shall use appropriate statutory notices
         of registration in connection with its use of registered Trademarks,
         proper marking practices in connection with the use of Patents and
         appropriate notices of copyright in connection with the publication of
         Copyrights, in each case material to the business of such Grantor; and

                           (xiii)   it shall continue to collect, at its own
         expense, all amounts due or to become due to such Grantor in respect of
         the Intellectual Property or any portion thereof. In connection with
         such collections, Grantor may take (and, at Collateral Agent's
         reasonable direction, shall take) such action as such Grantor or
         Collateral Agent may deem reasonably necessary to enforce collection of
         such amounts. Notwithstanding the foregoing, Collateral Agent shall
         have the right at any time, to notify, or require such Grantor to
         notify, any obligors with respect to any such amounts of the existence
         of the security interest created hereby.

                                       26
<PAGE>
         4.8      COMMERCIAL TORT CLAIMS

                  (a)      Representations and Warranties. Each Grantor hereby
represents and warrants that Schedule 4.8 (as such schedule may be amended or
supplemented from time to time) sets forth all Commercial Tort Claims of such
Grantor in excess of $100,000 individually or $1,000,000 in the aggregate; and

                  (b)      Covenants and Agreements. Each Grantor hereby
covenants and agrees that, with respect to any Commercial Tort Claim in excess
of $100,000 individually or $1,000,000 in the aggregate hereafter arising, it
shall deliver to Collateral Agent a completed Pledge Supplement, together with
all Supplements to Schedules thereto, identifying such new Commercial Tort
Claims.

SECTION 5.        ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES;
                  ADDITIONAL GRANTORS.

         5.1      ACCESS; RIGHT OF INSPECTION. Collateral Agent and its
representatives shall have access to all the books, correspondence and records
of each Grantor, and the right to enter any premises of each Grantor and inspect
any property of each Grantor where any of the Collateral of such Grantor granted
pursuant to this Agreement is located for the purpose of inspecting the same,
observing its use or otherwise protecting its interests therein, in each case to
the extent provided in and in accordance with Section 5.9 of the Credit
Agreement.

         5.2      FURTHER ASSURANCES.

                  (a)      Each Grantor agrees that from time to time, at the
expense of such Grantor, it shall promptly execute and deliver all further
instruments and documents and take all further action that may be necessary or
desirable, or that Collateral Agent may reasonably request, in order to create
and/or maintain the validity, perfection or priority of and protect any security
interest granted or purported to be granted hereby or to enable Collateral Agent
to exercise and enforce its rights and remedies hereunder with respect to any
Collateral. Without limiting the generality of the foregoing, each Grantor
shall:

                           (i)      file such financing or continuation
         statements, or amendments thereto, and execute and deliver such other
         agreements, instruments, endorsements, powers of attorney or notices as
         may be necessary, or as Collateral Agent may reasonably request, in
         order to perfect and preserve the security interests granted or
         purported to be granted hereby;

                           (ii)     take all actions necessary to ensure the
         recordation of appropriate evidence of the liens and security interest
         granted hereunder in the Intellectual Property with any intellectual
         property registry in which said Intellectual Property is registered or
         in which an application for registration is pending, including, without
         limitation, the United States Patent and Trademark Office, the United
         States Copyright Office, the various Secretaries of State and the
         foreign counterparts of any of the foregoing; and

                                       27
<PAGE>
                           (iii)    at Collateral Agent's request, appear in and
         defend any action or proceeding that may affect such Grantor's title to
         or Collateral Agent's security interest in all or any part of the
         Collateral.

                  (b)      Each Grantor hereby authorizes Collateral Agent to
file a Record or Records, including, without limitation, financing or
continuation statements and amendments thereto in any jurisdictions and with any
filing offices as Collateral Agent may determine, in its reasonable judgment,
are necessary to perfect the security interest granted to Collateral Agent
herein. Such financing statements may describe the Collateral in the same manner
as described herein or may contain an indication or description of collateral
that describes such property in any other manner as Collateral Agent may
determine, in its reasonable judgment, is necessary, advisable or prudent to
ensure the perfection of the security interest in the Collateral granted to
Collateral Agent herein, including, without limitation, describing such property
as "all assets" or "all personal property, whether now owned or hereafter
acquired." Each Grantor shall furnish to Collateral Agent from time to time
statements and schedules further identifying and describing the Collateral and
such other reports in connection with the Collateral as Collateral Agent may
reasonably request, all in reasonable detail.

                  (c)      Each Grantor hereby authorizes Collateral Agent to
modify this Agreement after obtaining such Grantor's approval of or signature to
such modification by amending Schedule 4.7 (as such schedule may be amended or
supplemented from time to time) to include reference to any right, title or
interest in any existing Intellectual Property or any Intellectual Property
acquired or developed by any Grantor after the execution hereof or to delete any
reference to any right, title or interest in any Intellectual Property in which
any Grantor no longer has or claims any right, title or interest.

         5.3      ADDITIONAL GRANTORS. From time to time subsequent to the date
hereof, additional Persons may become parties hereto as additional Grantors
(each, an "ADDITIONAL GRANTOR") by executing a Counterpart Agreement. Upon
delivery of any such counterpart agreement to Collateral Agent, notice of which
is hereby waived by Grantors, each Additional Grantor shall be a Grantor and
shall be as fully a party hereto as if Additional Grantor were an original
signatory hereto. Each Grantor expressly agrees that its obligations arising
hereunder shall not be affected or diminished by the addition or release of any
other Grantor hereunder, nor by any election of Collateral Agent not to cause
any Domestic Subsidiary of Company to become an Additional Grantor hereunder.
This Agreement shall be fully effective as to any Grantor that is or becomes a
party hereto, regardless of whether any other Person becomes, fails to become or
ceases to be a Grantor hereunder.

SECTION 6.        COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT.

         6.1      POWER OF ATTORNEY. Each Grantor hereby irrevocably appoints
Collateral Agent (such appointment being coupled with an interest) as such
Grantor's attorney-in-fact, with full authority in the place and stead of such
Grantor and in the name of such Grantor, Collateral Agent or otherwise, from
time to time in Collateral Agent's discretion, to take the following actions:

                  (a)      upon the occurrence and during the continuance of any
Event of Default, to obtain and adjust insurance required to be maintained by
such Grantor or paid to Collateral Agent pursuant to the Credit Agreement;

                                       28
<PAGE>
                  (b)      upon the occurrence and during the continuance of any
Event of Default, to ask for, demand, collect, sue for, recover, compound,
receive and give acquittance and receipts for moneys due and to become due under
or in respect of any of the Collateral;

                  (c)      upon the occurrence and during the continuance of any
Event of Default, to receive, endorse and collect any drafts or other
instruments, documents and chattel paper in connection with clause (b) above;

                  (d)      upon the occurrence and during the continuance of any
Event of Default, to file any claims or take any action or institute any
proceedings that Collateral Agent may deem necessary or desirable for the
collection of any of the Collateral or otherwise to enforce the rights of
Collateral Agent with respect to any of the Collateral;

                  (e)      upon the occurrence and during the continuance of any
Event of Default, to prepare and file any UCC financing statements against such
Grantor as debtor;

                  (f)      to prepare, sign and file for recordation in any
intellectual property registry appropriate evidence of the Lien granted herein
in the Intellectual Property in the name of such Grantor as assignor;

                  (g)      upon the occurrence and during the continuance of any
Event of Default, to take or cause to be taken all actions necessary to pay or
discharge taxes or Liens (other than Permitted Liens) levied or placed upon or
threatened against the Collateral, the legality or validity thereof and the
amounts necessary to discharge the same to be determined by Collateral Agent in
its reasonable good faith judgment, any such payments made by Collateral Agent
to become obligations of such Grantor to Collateral Agent, due and payable
promptly upon demand; and

                  (h)      upon the occurrence and during the continuance of any
Event of Default, generally to sell, transfer, pledge, make any agreement with
respect to or otherwise deal with any of the Collateral as fully and completely
as though Collateral Agent were the absolute owner thereof for all purposes and
to do, at Collateral Agent's option and such Grantor's expense, at any time or
from time to time, all acts and things that Collateral Agent deems reasonably
necessary to protect, preserve or realize upon the Collateral and Collateral
Agent's security interest therein in order to effect the intent of this
Agreement, all as fully and effectively as such Grantor might do.

         6.2      NO DUTY ON THE PART OF COLLATERAL AGENT OR SECURED PARTIES.
The powers conferred on Collateral Agent hereunder are solely to protect the
interests of Secured Parties in the Collateral and shall not impose any duty
upon Collateral Agent or any Secured Party to exercise any such powers.
Collateral Agent and Secured Parties shall be accountable only for amounts that
they actually receive as a result of the exercise of such powers, and neither
they nor any of their officers, directors, employees or agents shall be
responsible to any Grantor for any act or failure to act hereunder, except for
their own gross negligence or willful misconduct.

SECTION 7.        REMEDIES.

         7.1      GENERALLY.

                  (a)      If any Event of Default shall have occurred and be
continuing, Collateral Agent may exercise in respect of the Collateral, in
addition to all other rights and remedies provided for herein or otherwise
available to it at law or in equity, all the rights and remedies of

                                       29
<PAGE>
Collateral Agent on default under the UCC to collect, enforce or satisfy any
Secured Obligations then owing, whether by acceleration or otherwise, and also
may pursue any of the following separately, successively or simultaneously:

                           (i)      require any Grantor to, and each Grantor
         hereby agrees that it shall at its expense and promptly upon request of
         Collateral Agent forthwith, assemble all or part of the Collateral as
         directed by Collateral Agent and make it available to Collateral Agent
         at a place to be designated by Collateral Agent that is reasonably
         convenient to both parties;

                           (ii)     enter onto the property where any Collateral
         is located and take possession thereof with or without judicial
         process;

                           (iii)    prior to the disposition of the Collateral,
         store, process, repair or recondition the Collateral or otherwise
         prepare the Collateral for disposition in any manner to the extent
         Collateral Agent deems appropriate; and

                           (iv)     without notice, except as specified below,
         under the UCC or as required by law, sell, assign, lease, license (on
         an exclusive or nonexclusive basis) or otherwise dispose of the
         Collateral or any part thereof in one or more parcels at public or
         private sale, at any of Collateral Agent's offices or elsewhere, for
         cash, on credit or for future delivery, at such time or times, at such
         price or prices and upon such other terms as Collateral Agent deems
         commercially reasonable.

                  (b)      Collateral Agent or any Secured Party may be the
purchaser of any or all of the Collateral at any public or private (to the
extent any portion of the Collateral being privately sold is of a kind that is
customarily sold on a recognized market or the subject of widely distributed
standard price quotations) sale in accordance with the UCC; and Collateral
Agent, as collateral agent for and representative of Secured Parties, shall be
entitled, for the purpose of bidding and making settlement or payment of the
purchase price for all or any portion of the Collateral sold at any such sale
made in accordance with the UCC, to use and apply any of the Secured Obligations
as a credit on account of the purchase price for any Collateral payable by
Collateral Agent at such sale. Each purchaser at any such sale shall hold the
property sold absolutely free from any claim or right on the part of any
Grantor, and each Grantor hereby waives (to the extent permitted by applicable
law) all rights of redemption, stay and/or appraisal, which it now has or may at
any time in the future have under any rule of law or statute now existing or
hereafter enacted. Each Grantor agrees that, to the extent notice of sale shall
be required by law, at least ten (10) days notice to such Grantor of the time
and place of any public sale or the time after which any private sale is to be
made shall constitute reasonable notification. Collateral Agent shall not be
obligated to make any sale of Collateral regardless of notice of sale having
been given. Collateral Agent may adjourn any public or private sale from time to
time by announcement at the time and place fixed therefor, and such sale may,
without further notice, be made at the time and place to which it was so
adjourned. Each Grantor agrees that it would not be commercially unreasonable
for Collateral Agent to dispose of the Collateral or any portion thereof by
using Internet sites that provide for the auction of assets of the types
included in the Collateral, that have the reasonable capability of doing so or
that match buyers and sellers of assets. Each Grantor hereby waives any claims
against Collateral Agent arising by reason of the fact that the price at which
any Collateral may have been sold at such a private sale was less than the price
which might have been obtained at a public sale, even if Collateral Agent
accepts the first offer received and does not offer such Collateral to more than
one offeree. If the proceeds of any sale or other disposition of the Collateral
are insufficient to pay all the Secured Obligations,

                                       30
<PAGE>
Grantors shall be liable for the deficiency and the reasonable fees of any
attorneys employed by Collateral Agent to collect such deficiency. Each Grantor
further agrees that a breach of any of the covenants contained in this Section
will cause irreparable injury to Collateral Agent, that Collateral Agent has no
adequate remedy at law in respect of such breach and, as a consequence, that
each and every covenant contained in this Section shall be specifically
enforceable against such Grantor, and such Grantor hereby waives and agrees not
to assert any defenses against an action for specific performance of such
covenants except for a defense that no default has occurred giving rise to the
Secured Obligations becoming due and payable prior to their stated maturities.
Nothing in this Section shall in any way alter the rights of Collateral Agent
hereunder.

                  (c)      Collateral Agent may sell the Collateral without
giving any warranties as to the Collateral. Collateral Agent may specifically
disclaim or modify any warranties of title or the like. This procedure will not
be considered to adversely affect the commercial reasonableness of any sale of
the Collateral.

                  (d)      Collateral Agent shall have no obligation to marshall
any of the Collateral.

         7.2      APPLICATION OF PROCEEDS. Except as expressly provided
elsewhere in this Agreement, all proceeds received by Collateral Agent in
respect of any sale, any collection from or other realization upon all or any
part of the Collateral shall be applied in full or in part by Collateral Agent
against the Secured Obligations in the following order of priority: first, to
the payment of all reasonable costs and expenses of such sale, collection or
other realization, including reasonable compensation to Collateral Agent and its
agents and counsel, all other reasonable expenses, liabilities and advances made
or incurred by Collateral Agent in connection therewith, all amounts for which
Collateral Agent is entitled to indemnification hereunder (in its capacity as
Collateral Agent and not as a Lender) and all advances made by Collateral Agent
hereunder for the account of the applicable Grantor, and to the payment of all
reasonable costs and expenses paid or incurred by Collateral Agent in connection
with the exercise of any right or remedy hereunder or under the Credit
Agreement, all in accordance with the terms hereof or thereof; second, to the
extent of any excess of such proceeds, to the payment of all other Secured
Obligations for the ratable benefit of the Lenders and the Lender
Counterparties; and third, to the extent of any excess of such proceeds, to the
payment to or upon the order of Grantors or to whosoever may be lawfully
entitled to receive the same or as a court of competent jurisdiction may direct.

         7.3      SALES ON CREDIT. If Collateral Agent sells any of the
Collateral upon credit, the Secured Obligations will be credited only with
payments actually made by purchaser and received by Collateral Agent and applied
to indebtedness of the purchaser. In the event the purchaser fails to pay for
the Collateral, Collateral Agent may resell the Collateral and Grantors shall be
credited with proceeds of the sale.

         7.4      DEPOSIT ACCOUNTS. If any Event of Default shall have occurred
and be continuing, Collateral Agent may apply the balance from any Deposit
Account or instruct the bank at which any Deposit Account is maintained to pay
the balance of any Deposit Account to or for the benefit of Collateral Agent.

         7.5      INVESTMENT RELATED PROPERTY. Each Grantor recognizes that, by
reason of certain prohibitions contained in the Securities Act and applicable
state securities laws, Collateral Agent may be compelled, with respect to any
sale of all or any part of the Investment Related Property conducted without
prior registration or qualification of such Investment Related

                                       31
<PAGE>
Property under the Securities Act and/or such state securities laws, to limit
purchasers to those who will agree, among other things, to acquire the
Investment Related Property for their own account, for investment and not with a
view to the distribution or resale thereof. Each Grantor acknowledges that any
such private sale may be at prices and on terms less favorable than those
obtainable through a public sale without such restrictions (including a public
offering made pursuant to a registration statement under the Securities Act)
and, notwithstanding such circumstances, each Grantor agrees that any such
private sale shall be deemed to have been made in a commercially reasonable
manner and that Collateral Agent shall have no obligation to engage in public
sales and no obligation to delay the sale of any Investment Related Property for
the period of time necessary to permit the issuer thereof to register it for a
form of public sale requiring registration under the Securities Act or under
applicable state securities laws, even if such issuer would, or should, agree to
so register it. If Collateral Agent determines to exercise its right to sell any
or all of the Investment Related Property, upon written request, each Grantor
shall and shall cause each issuer of any Pledged Stock to be sold hereunder,
each partnership and each limited liability company from time to time to furnish
to Collateral Agent all such information as Collateral Agent may reasonably
request in order to determine the number and nature of interest, shares or other
instruments included in the Investment Related Property which may be sold by
Collateral Agent in exempt transactions under the Securities Act and the rules
and regulations of the Securities and Exchange Commission thereunder, as the
same are from time to time in effect.

         7.6      INTELLECTUAL PROPERTY.

                  (a)      Anything contained herein to the contrary
notwithstanding, upon the occurrence and during the continuance of an Event of
Default:

                           (i)      Collateral Agent shall have the right (but
         not the obligation) to bring suit or otherwise commence any action or
         proceeding in the name of any Grantor, Collateral Agent or otherwise,
         in Collateral Agent's sole discretion, to enforce any Intellectual
         Property, in which event such Grantor shall, at the request of
         Collateral Agent, do any and all lawful acts and execute any and all
         documents required by Collateral Agent in aid of such enforcement and
         such Grantor shall promptly, upon demand, reimburse and indemnify
         Collateral Agent as provided in Section 10 hereof in connection with
         the exercise of its rights under this Section, and, to the extent that
         Collateral Agent shall elect not to bring suit to enforce any
         Intellectual Property as provided in this Section, each Grantor agrees
         to use all commercially reasonable measures, whether by action, suit,
         proceeding or otherwise, to prevent the infringement of any of the
         Intellectual Property by others and for that purpose agrees to
         diligently maintain any action, suit or proceeding against any Person
         so infringing as shall be necessary to prevent such infringement;

                           (ii)     upon written demand from Collateral Agent,
         each Grantor shall grant, assign, convey or otherwise transfer to
         Collateral Agent an absolute assignment of all of such Grantor's right,
         title and interest in and to the Intellectual Property and shall
         execute and deliver to Collateral Agent such documents as are necessary
         or appropriate to carry out the intent and purposes of this Agreement,
         and in the event of any assignment, conveyance or other transfer of any
         of the Trademarks included in the Collateral, the goodwill symbolized
         by any such Trademarks shall be included in such sale or transfer, and
         such Grantor shall supply to Collateral Agent or its designee such
         Grantor's manufacturing, advertising and distribution know-how and

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         copies of records embodying such know-how, if any, relating to products
         and services theretofore sold under such Trademarks;

                           (iii)    each Grantor agrees that such an assignment
         and/or recording shall be applied to reduce the Secured Obligations
         outstanding only to the extent that Collateral Agent (or any Secured
         Party) receives cash proceeds in respect of the sale of, or other
         realization upon, the Intellectual Property;

                           (iv)     Collateral Agent shall have the right to
         notify, or require each Grantor to notify, any obligors with respect to
         amounts due or to become due to such Grantor in respect of the
         Intellectual Property, of the existence of the security interest
         created herein, to direct such obligors to make payment of all such
         amounts directly to Collateral Agent, and, upon such notification and
         at the expense of such Grantor, to enforce collection of any such
         amounts and to adjust, settle or compromise the amount or payment
         thereof, in the same manner and to the same extent as such Grantor
         might have done; and

                           (v)      all amounts and proceeds (including checks
         and other instruments) received by Grantor in respect of amounts due to
         such Grantor in respect of the Collateral or any portion thereof shall
         be received in trust for the benefit of Collateral Agent hereunder,
         shall be segregated from other funds of such Grantor and shall be
         forthwith paid over or delivered to Collateral Agent in the same form
         as so received (with any necessary endorsement) to be held as cash
         Collateral and applied as provided by Section 7.7 hereof; and Grantor
         shall not adjust, settle or compromise the amount or payment of any
         such amount or release wholly or partly any obligor with respect
         thereto or allow any credit or discount thereon.

                  (b)      If (i) an Event of Default shall have occurred and,
by reason of cure, waiver, modification, amendment or otherwise, no longer be
continuing, (ii) no other Event of Default shall have occurred and be
continuing, (iii) an assignment or other transfer to Collateral Agent of any
rights, title and interests in and to the Intellectual Property shall have been
previously made and shall have become absolute and effective and (iv) the
Secured Obligations shall not have become immediately due and payable, then upon
the written request of any Grantor, Collateral Agent shall promptly execute and
deliver to such Grantor, at such Grantor's sole cost and expense, such
assignments or other transfer as may be necessary to reassign to such Grantor
any such rights, title and interests as may have been assigned to Collateral
Agent as aforesaid, subject to any disposition thereof that may have been made
by Collateral Agent; provided, after giving effect to such reassignment,
Collateral Agent's security interest granted pursuant hereto, as well as all
other rights and remedies of Collateral Agent granted hereunder, shall continue
to be in full force and effect; and provided further, the rights, title and
interests so reassigned shall be free and clear of any Liens granted by or on
behalf of Collateral Agent and Secured Parties.

                  (c)      Solely for the purpose of enabling Collateral Agent
to exercise rights and remedies under this Section 7 and at such time as
Collateral Agent shall be lawfully entitled to exercise such rights and
remedies, each Grantor hereby grants to Collateral Agent, to the extent it has
the right to do so, an irrevocable, nonexclusive license (exercisable without
payment of royalty or other compensation to such Grantor), subject, in the case
of Trademarks, to sufficient rights to quality control and inspection in favor
of such Grantor to avoid the risk of invalidation of said Trademarks, to use,
operate under, license or sublicense any Intellectual Property now owned or
hereafter acquired by such Grantor, and wherever the same may be located.

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<PAGE>
         7.7      CASH PROCEEDS. In addition to the rights of Collateral Agent
specified in Section 4.3 with respect to payments of Receivables, all proceeds
of any Collateral received by any Grantor consisting of cash, checks and other
near-cash items (collectively, "CASH PROCEEDS") shall be held by such Grantor in
trust for Collateral Agent, segregated from other funds of such Grantor, and
shall, forthwith upon receipt by such Grantor, unless otherwise provided
pursuant to Section 4.4.1(a)(ii), be turned over to Collateral Agent in the
exact form received by such Grantor (duly indorsed by such Grantor to Collateral
Agent, if required) and held by Collateral Agent in an account maintained under
the sole dominion and control of the Collateral Agent. If an Event of Default
shall have occurred and be continuing, any Cash Proceeds received by Collateral
Agent (whether from a Grantor or otherwise), in the sole discretion of
Collateral Agent, (A) may be held by Collateral Agent for the ratable benefit of
Secured Parties, as collateral security for the Secured Obligations (whether
matured or unmatured) and/or (B) then or at any time thereafter, may be applied
by Collateral Agent against the Secured Obligations then due and owing.

SECTION 8.        COLLATERAL AGENT.

         Collateral Agent has been appointed to act as Collateral Agent
hereunder by Lenders and, by their acceptance of the benefits hereof, the other
Secured Parties. Collateral Agent shall be obligated, and shall have the right
hereunder, to make demands, to give notices, to exercise or refrain from
exercising any rights and to take or refrain from taking any action (including,
without limitation, the release or substitution of Collateral), solely in
accordance with this Agreement and the Credit Agreement; provided, Collateral
Agent shall, after payment in full of all Obligations under the Credit Agreement
and the other Credit Documents, exercise, or refrain from exercising, any
remedies provided for herein in accordance with the instructions of the holders
of a majority of the aggregate notional amount (or, with respect to any Hedge
Agreement that has been terminated in accordance with its terms, the amount then
due and payable (exclusive of expenses and similar payments but including any
early termination payments then due) under such Hedge Agreement) under all Hedge
Agreements. In furtherance of the foregoing provisions of this Section, each
Secured Party, by its acceptance of the benefits hereof, agrees that it shall
have no right individually to realize upon any of the Collateral hereunder, it
being understood and agreed by such Secured Party that all rights and remedies
hereunder may be exercised solely by Collateral Agent for the benefit of Lenders
and Lender Counterparties in accordance with the terms of this Section.
Collateral Agent may resign or be removed and a successor Collateral Agent may
be appointed, all in accordance with Section 9.7(b) of the Credit Agreement.
After any retiring or removed Collateral Agent's resignation or removal as
Collateral Agent, the provisions of this Agreement shall inure to its benefit as
to any actions taken or omitted to be taken by it under this Agreement while it
was Collateral Agent hereunder.

SECTION 9.        CONTINUING SECURITY INTEREST; TRANSFER OF LOANS.

         This Agreement shall create a continuing security interest in the
Collateral and shall remain in full force and effect until the payment in full
of all Secured Obligations, the cancellation or termination of the Commitments
and the cancellation or expiration of all outstanding Letters of Credit, be
binding upon each Grantor, its successors and assigns, and inure, together with
the rights and remedies of Collateral Agent hereunder, to the benefit of
Collateral Agent and its successors, transferees and assigns. Without limiting
the generality of the foregoing, but subject to the terms of the Credit
Agreement, any Lender may assign or otherwise

                                       34
<PAGE>
transfer any Loans held by it to any other Person, and such other Person shall
thereupon become vested with all the benefits in respect thereof granted to
Lenders herein or otherwise. Upon the payment in full of all Secured
Obligations, the cancellation or termination of the Commitments and the
cancellation or expiration of all outstanding Letters of Credit, the security
interest granted hereby shall terminate automatically hereunder and of record
and all rights to the Collateral shall revert to Grantors. Upon any such
termination, Collateral Agent shall, at Grantors' expense, execute and deliver
to Grantors such instruments and documents as Grantors shall reasonably request
to evidence such termination.

SECTION 10.       STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM.

         The powers conferred on Collateral Agent hereunder are solely to
protect its interest in the Collateral and shall not impose any duty upon it to
exercise any such powers. Except for the exercise of reasonable care in the
custody of any Collateral in its possession and the accounting for moneys
actually received by it hereunder and as otherwise required by law, Collateral
Agent shall have no duty as to any Collateral or as to the taking of any
necessary steps to preserve rights against prior parties or any other rights
pertaining to any Collateral. Collateral Agent shall be deemed to have exercised
reasonable care in the custody and preservation of Collateral in its possession,
if such Collateral is accorded treatment substantially equal to that which
Collateral Agent accords its own property. Neither Collateral Agent nor any of
its directors, officers, employees or agents shall be liable for failure to
demand, collect or realize upon all or any part of the Collateral or for any
delay in doing so or shall be under any obligation to sell or otherwise dispose
of any Collateral upon the request of any Grantor or otherwise. If any Grantor
fails to perform any agreement contained herein, Collateral Agent may itself
perform, or cause performance of, such agreement, and the expenses of Collateral
Agent incurred in connection therewith shall be payable by each Grantor under
Section 10.2 of the Credit Agreement.

SECTION 11.       MISCELLANEOUS.

         Any notice required or permitted to be given under this Agreement shall
be given in accordance with Section 10.1 of the Credit Agreement. No failure or
delay on the part of Collateral Agent in the exercise of any power, right or
privilege hereunder or under any other Credit Document shall impair such power,
right or privilege or be construed to be a waiver of any default or acquiescence
therein, nor shall any single or partial exercise of any such power, right or
privilege preclude other or further exercise thereof or of any other power,
right or privilege. All rights and remedies existing under this Agreement and
the other Credit Documents are cumulative to, and not exclusive of, any rights
or remedies otherwise available. In case any provision in or obligation under
this Agreement shall be invalid, illegal or unenforceable in any jurisdiction,
the validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby. All covenants hereunder shall be
given independent effect so that if a particular action or condition is not
permitted by any of such covenants, the fact that it would be permitted by an
exception to, or would otherwise be within the limitations of, another covenant
shall not avoid the occurrence of a Default or an Event of Default if such
action is taken or condition exists. This Agreement shall be binding upon and
inure to the benefit of Collateral Agent and Grantors and their respective
successors and assigns. No Grantor shall, without the prior written consent of
Collateral Agent given in accordance with the Credit Agreement, assign any
right, duty or obligation hereunder. This Agreement and the other Credit
Documents embody

                                       35
<PAGE>
the entire agreement and understanding between Grantors and Collateral Agent and
supersede all prior agreements and understandings between such parties relating
to the subject matter hereof and thereof. Accordingly, the Credit Documents may
not be contradicted by evidence of prior, contemporaneous or subsequent oral
agreements of the parties. There are no unwritten oral agreements between the
parties. This Agreement may be executed in one or more counterparts and by
different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument; signature pages may
be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are physically attached to the same
document.

                  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ITS
CONFLICTS OF LAW PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW
YORK GENERAL OBLIGATION LAWS).

                                       36
<PAGE>
         IN WITNESS WHEREOF, each Grantor and Collateral Agent have caused this
Agreement to be duly executed and delivered by their respective officers
thereunto duly authorized as of the date first written above.

                                        KROLL INC.

                                        By: __________________________
                                            Name:
                                            Title:

                                        CORPLEX, INC.
                                        CRUCIBLE, INC.
                                        FINANCIAL RESEARCH, INC.
                                        INPHOTO SURVEILLANCE, INC.
                                        KCMS, INC.
                                        KROLL ASSOCIATES, INC.
                                        KROLL BACKGROUND AMERICA, INC.
                                        KROLL CRISIS MANAGEMENT GROUP, INC.
                                        KROLL ELECTRONIC RECOVERY, INC.
                                        KROLL HOLDINGS, INC.
                                        KROLL LABORATORY SPECIALISTS, INC.
                                        KROLL LINDQUIST AVEY, INC.
                                        KROLL ONTRACK, INC.
                                        KROLL SCHIFF & ASSOCIATES, INC.
                                        LABORATORY SPECIALISTS OF AMERICA, INC.
                                        L.A.M.B. ACQUISITION, INC.
                                        MIJENIX CORPORATION
                                        ONTRACK DATA RECOVERY, INC.
                                        U.S. HOLDING, INC.
                                        ZOLFO COOPER LLC
                                        ZOLFO COOPER HOLDINGS, INC.

                                        By: __________________________
                                        Name:
                                        Title:

                                       37
<PAGE>
                                        GOLDMAN SACHS CREDIT PARTNERS L.P.,
                                        as Collateral Agent

                                        By: __________________________
                                            Name:
                                            Title:

                                       38

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