Document:

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                                                                    EXHIBIT 10.5

                   REVOLVING DOMESTIC LINE OF CREDIT AGREEMENT
                    AMENDED BY THE FIFTH EXTENTION AGREEMENT

                   FIFTH LOAN EXTENSION AGREEMENT - U.S. BANK

               This Fifth Loan Extension Agreement (the "Fifth Amendment") is
entered into on March 10, 2000, between U.S. BANK NATIONAL ASSOCIATION ("U.S.
Bank") and DAW TECHNOLOGIES, INC. ("Daw").

                                    RECITALS

               A. On or about April 17, 1998, Daw and U.S. Bank entered into a
loan agreement. The loan agreement was modified and amended by the terms of a
modification and forbearance agreement dated September 10, 1998, a second
modification and forbearance agreement dated October 10, 1998, a loan extension
agreement dated November 18, 1998, a second loan extension agreement dated
February 26, 1999, a third loan extension agreement (which was set forth in a
letter from U.S. Bank to Daw) dated June 10, 1999, and a fourth loan extension
agreement dated on or about September 29, 1999. The above-described loan
agreement, as amended, is referred to herein as the "Loan Agreement."

               B. Pursuant to the terms of the Loan Agreement, U.S. Bank
provides a revolving credit facility to Daw. Capitalized terms used in this
Fifth Amendment that are not defined herein shall have the meanings assigned to
those terms in the Loan Agreement.

               C. Daw is obligated to U.S. Bank pursuant to a promissory note
dated August 6, 1997, in the principal amount of $8,000,000 (which note, as
amended, is referred to herein as the "Note"). As of March 7, 2000, Daw owes
U.S. Bank the principal amount of $5,112,965.64, accrued interest of
$115,384.17, and late charges of $11,006.48 pursuant to the Note.

               D. Interest continues to accrue on Daw's obligations to U.S. Bank
pursuant to the Note on and after March 7, 2000. In addition, Daw is obligated
to reimburse U.S. Bank (or pay directly if requested to do so by U.S. Bank) for
fees and costs incurred by U.S. Bank in connection with its banking relationship
with Daw, including reasonable attorney fees.

               E. The debts and obligations of Daw to U.S. Bank pursuant to the
Loan Agreement and the Note are referred to below collectively as the
"Indebtedness."

               F. The Indebtedness is secured by security interests and liens
in, among other things, all of Daw's existing and after-acquired accounts,
chattel paper, contract rights, equipment, fixtures, general intangibles, and
inventory (and the products and proceeds of all of those assets). The security
agreements executed by Daw that grant the security interests and liens described
in the preceding sentence are referred to below as the "Security Agreements."

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The personal property of Daw in which security interests and liens have been
granted in favor of U.S. Bank pursuant to the Security Agreements is referred to
below as the "Collateral."

               G. The Loan Agreement, the Note, the Security Agreements, and the
other documents executed by Daw in favor of U.S. Bank are referred to herein as
the "Loan Documents."

               H. The credit commitment extended by U.S. Bank to Daw pursuant to
the Loan Agreement has expired. Furthermore, the amount owed by Daw pursuant to
the Loan Agreement and the Note exceeds the Borrowing Base. As a result, Daw is
not entitled to any additional credit under the credit facility governed by the
Loan Agreement. Notwithstanding the foregoing, U.S. Bank in its discretion has
made certain advances to Daw following the expiration of the revolving credit
facility governed by the Loan Agreement.

               I. Daw has asked U.S. Bank to extend the maturity date of the
revolving credit facility provided by U.S. Bank to Daw and to continue to make
credit available to Daw thereunder. U.S. Bank is willing to do so, subject to
the terms and conditions set forth in this Fifth Amendment.

               NOW, THEREFORE, for valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, the parties agree as follows:

                              TERMS AND CONDITIONS

                                    SECTION I

                             AVAILABILITY OF CREDIT

               1.1 Acknowledgment of Amounts Owed. Daw hereby acknowledges and
agrees that the amounts of principal and interest specified in Recital C above
with respect to the Note are payable to U.S. Bank without offset, defense,
counterclaim, or claim of recoupment. In addition, Daw acknowledges its
obligation to pay U.S. Bank the amounts referred to in Recital D to this Fifth
Amendment.

               1.2 Maximum Amount of Credit Available. From the effective date
of this Fifth Amendment through and including March 18, 2000, the maximum amount
of credit available to Daw pursuant to the revolving credit facility evidenced
by the Note shall be the lesser of (a) $5,500,000, or (b) the Borrowing Base (as
that term is defined in the Loan Agreement before the modifications and
amendments to the definition of that term effected by this Fifth Amendment) plus
$1,400,000. From March 19, 2000, through and including August 31, 2000, the
maximum amount of credit available to Daw pursuant to the revolving credit
facility evidenced by the Note shall be the lesser of (x) $5,000,000, or (y) the
Borrowing Base (as defined in the following paragraph of this Fifth Amendment).
It is the contemplation of Daw and U.S. Bank that in order for Daw to be in
compliance with the terms and conditions of the preceding sentence as of March
19, 2000, Daw either will have to have procured the Credit Insurance Policy (as
defined in paragraph 1.3 below) and be in a position to borrow against Eligible
Insured Foreign Accounts (as defined in paragraph 1.3 below), or shall use a
portion of an equity capital contribution recently obtained by means of a
private placement of securities of

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Daw to pay down the amount owed pursuant to the Note to the level of the
Borrowing Base. Daw hereby acknowledges and agrees that on or before March 19,
2000, Daw shall take one of the actions described in the preceding sentence to
insure that as of such date (and thereafter) the amount owed pursuant to the
Note does not exceed the lesser of the amounts described in the second sentence
of this paragraph. If at any time the amount outstanding pursuant to the Note
exceeds the maximum amount of credit available to Daw at the time in question,
Daw within three business days shall pay U.S. Bank an amount equal to such
excess (and Daw's failure to make such payment shall constitute an Event of
Default under Section 5.1(a) of this Fifth Amendment).

               1.3 New Definition of the Borrowing Base. Following the date of
this Fifth Amendment, except as specified in the first sentence of paragraph 1.2
above, the term "Borrowing Base," as used herein and in the Loan Agreement shall
mean the sum of 75 percent of Eligible Domestic Accounts and 90 percent of
Eligible Insured Foreign Accounts. As used in this Fifth Amendment, the terms
"Eligible Domestic Accounts" and "Eligible Insured Foreign Accounts" have the
following meanings:

               "Eligible Domestic Accounts" means all Eligible Accounts of Daw,
               Intelligent Enclosures, Inc., Translite Systems, Inc., Daw
               Technologies Contract Mfg. Services, Inc., Daw Technologies
               Europe, Ltd., or Daw Construction Services, Inc. (which entities
               other than Daw are referred to herein as the "Guarantors") with
               respect to which (a) the Account Debtor is a resident of the
               United States, or an entity incorporated or otherwise organized
               under the laws of a state in the United States, (b) the account
               arises out of goods sold or services performed by Daw or one of
               the Guarantors in the United States, and (c) the goods sold or
               services performed are delivered or provided to the Account
               Debtor in the United States.

               "Eligible Insured Foreign Accounts" means (a) Eligible Accounts
               of Daw or the Guarantors with respect to which the Account Debtor
               is not a resident of the United States or an entity incorporated
               under the laws of a state in the United States, to the extent
               that such accounts are covered by and insured under the Credit
               Insurance Policy (as defined below). Notwithstanding anything in
               this Fifth Amendment to the contrary, an account receivable that
               initially was an Eligible Insured Foreign Account shall not cease
               to be an Eligible Insured Foreign Account because it was not
               timely paid by the Account Debtor, provided that (a) the Account
               Debtor does not dispute its obligation to pay the account in
               question and (b) Daw (or the Guarantor, as applicable) (i) has
               timely complied with all provisions of the Credit Insurance
               Policy regarding proof of loss (including any requirements
               involving making demand for payment on the Account Debtor and
               submitting proof of loss to the insurer), (ii) has complied with
               the provisions of paragraph 1.11 of this Fifth Amendment (if such

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               provisions are applicable to the account or accounts in
               question), and (iii) has made a claim under the Credit Insurance
               Policy with respect to the account in question before the
               deadline under the Credit Insurance Policy for filing a claim of
               loss with respect to the full amount of the account.

               As used herein, the term "Credit Insurance Policy" means a policy
               of insurance obtained by Daw, which must be in a form
               satisfactory to U.S. Bank and issued by an insurer satisfactory
               to U.S. Bank in its good faith discretion, insuring the payment
               of accounts receivable of Daw or the Guarantors with respect to
               which the Account Debtor is not a resident of the United States,
               or an entity incorporated or otherwise organized under the laws
               of a state in the United States. The Credit Insurance Policy
               shall name U.S. Bank as an additional insured or additional loss
               payee.

               1.4 Amendment of Definition of Eligible Accounts. The definition
of the term "Eligible Accounts" in the Loan Agreement hereby is modified and
amended to add the following items to the list of matters that are not Eligible
Accounts:

                    (l) Accounts receivable from Western Star to the extent that
                Western Star has provided operating financing to Daw or has made
                any other loan or capital contribution to Daw that would give
                Western Star a right of offset against Daw.

                    (m) Deposits paid by customers of Daw for goods or services
                to be provided by Daw.

                    (n) Retainage.

                    (o) Prebillings.

                    (p) Progress billings in excess of the amount permitted by
                the terms of the applicable contract.

                    (q) Earned but unbilled revenue.

                    (r) Claims by Daw for work beyond the scope of the original
                contract for which no change order has been issued and approved
                by the other party to the contract in question.

               1.5 Loan Extension Fee. Prior to or contemporaneously with the
execution of this Fifth Amendment, Daw shall pay U.S. Bank a loan extension fee
of $30,000.

               1.6 Applicable Interest Rate. On or after the date of this Fifth
Amendment, the interest rate charged on the principal amount outstanding
pursuant to the Note shall be U.S. Bank's Prime Rate (as defined below) plus 3
percent per annum (fully floating). As used in this Fifth Amendment, the term
"Prime Rate" means the rate of interest that U.S. Bank from time to

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time establishes as its prime rate or reference rate. The Prime Rate is not
necessarily the lowest rate of interest that U.S. Bank collects from any
borrower, or class of borrowers.

               1.7 Amendment of the Note. Contemporaneously with the execution
of this Fifth Amendment, Daw shall execute and deliver to U.S. Bank a document
in form and content satisfactory to U.S. Bank amending the Note (the "Note
Amendment Agreement") to reflect the revised maturity date thereof and the new
interest rate thereon. Following the execution of this Fifth Amendment and the
Note Amendment Agreement by Daw, references in the Loan Agreement to the Note
shall mean the Note, as amended by the Note Amendment Agreement.

               1.8 Information Regarding Credit Insurance Policy. Daw hereby
agrees that it promptly shall provide U.S. Bank with a copy of the Credit
Insurance Policy, all endorsements, riders, schedules, and exhibits to that
policy, all modifications or amendments of the Credit Insurance Policy, and all
notices received by Daw from the insurer under the Credit Insurance Policy. In
addition, Daw immediately shall notify U.S. Bank in writing of the receipt by
Daw of any communication from the insurer under the Credit Insurance Policy
informing Daw of the insurer's intention to terminate or cancel the Credit
Insurance Policy. Daw shall obtain the agreement (in writing) of the insurer
under the Credit Insurance Policy to give U.S. Bank at least 30 days' prior
written notice of the insurer's intended termination, cancellation, or material
modification of the Credit Insurance Policy. Daw hereby acknowledges and agrees
that if Daw fails to timely pay the policy premium with respect to the Credit
Insurance Policy, U.S. Bank may (but shall not be required to) pay such premium
and the amount paid by U.S. Bank shall become part of the Indebtedness.

               1.9 Information Regarding Foreign Accounts. Daw hereby agrees
that it promptly shall deliver to the insurer under the Credit Insurance Policy
or to U.S. Bank all information requested by such insurer, or by U.S. Bank, as
the case may be, regarding Daw's (and the Guarantors') foreign accounts
receivable, or such other matters identified by the insurer or U.S. Bank in
relation to Daw's (or the Guarantors') foreign accounts or the insurance
thereof.

               1.10 Assignment of Rights Under the Credit Insurance Policy. Daw
hereby assigns to U.S. Bank as security for the Indebtedness all of Daw's rights
under the Credit Insurance Policy (including, but not limited to, its right to
receive any payments thereunder). Prior to the inclusion of Eligible Insured
Foreign Accounts in the Borrowing Base, Daw shall deliver to U.S. Bank written
evidence satisfactory to U.S. Bank that the insurer under the Credit Insurance
Policy has been notified of the assignment effected by the preceding sentence of
this Agreement and acknowledges that assignment. The assignment described in the
two preceding sentences shall extend to rights (if any) of the Guarantors under
the Credit Insurance Policy and Daw shall cause the Guarantors to promptly take
reasonable steps to effect the assignment of their rights (if any) under the
Credit Insurance Policy to U.S. Bank.

               1.11 Claim Procedure. Daw acknowledges that U.S. Bank's agreement
to make Advances available to Daw based upon Eligible Insured Foreign Accounts
is conditioned upon Daw obtaining credit insurance with respect to Eligible
Insured Foreign Accounts. Furthermore, Daw acknowledges that U.S. Bank is not
prepared to extend credit to Daw secured by Eligible Accounts other than
Eligible Domestic Accounts unless such other accounts are insured under the
Credit Insurance Policy and Daw (or a Guarantor, as applicable) takes all steps
required by that policy to recover payment from the insurer with respect to
Eligible Insured Foreign

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Accounts that are not paid by the Account Debtor. In that regard, Daw recognizes
that U.S. Bank expects Daw (or a Guarantor, as applicable) to strictly and
timely comply with all provisions of the Credit Insurance Policy related to
filing claims under the policy, providing proof of loss under the policy, and
notifying account debtors of their defaults as required by the Credit Insurance
Policy and Daw hereby agrees to timely comply (or cause the Guarantors to timely
comply) with all such provisions of the Credit Insurance Policy. Daw hereby
irrevocably appoints U.S. Bank as Daw's true and lawful attorney (such
appointment being coupled with an interest), with full power of substitution, in
the name of Daw, to take any and all steps or actions required by the Credit
Insurance Policy to timely and appropriately assert a claim under that policy,
subject to the conditions specified in this Agreement. Daw hereby agrees that if
Daw has not submitted (or caused the Guarantors to submit) a claim with respect
to a past-due Eligible Insured Foreign Account within 60 days of the deadline
for submitting a claim under the Credit Insurance Policy for full payment of the
account in question, Daw shall deliver to U.S. Bank a completed claim form with
respect to the account in question (which claim form shall be in form and
content satisfactory to the insurer under the Credit Insurance Policy and shall
be accompanied by any and all materials required by the insurer to establish
proof of loss). At the same time, Daw shall notify U.S. Bank in writing whether
Daw intends to make a claim (or cause the Guarantor in question to make a claim)
under the Credit Insurance Policy with respect to the account in question. If
Daw informs U.S. Bank that Daw does not intend to make a claim under the Credit
Insurance Policy with respect to an account (or cause the Guarantor in question
to make a claim), the account in question shall cease to be an Eligible Insured
Foreign Account and Daw within three business days shall pay U.S. Bank the
amount by which Daw's obligation under the Note exceeds the Borrowing Base
(exclusive of the account in question) (and Daw's failure to make such payment
shall constitute an Event of Default under paragraph 5.1(a) of this Fifth
Amendment). Furthermore, if Daw fails to timely provide the notice and the claim
form specified above, or if Daw has not taken (or caused the Guarantor in
question to take) any action that U.S. Bank reasonably believes is a condition
precedent under the Credit Insurance Policy to receive payment in full under
that policy of a claim with respect to an account included in the Borrowing
Base, and if Daw fails to provide the notice and claim form (or take action with
respect to a claim under the Credit Insurance Policy, as applicable) within
three business days of U.S. Bank giving Daw written notice of such failure or
inaction, then the account in question shall cease to be an Eligible Insured
Foreign Account and Daw shall have three business days to pay U.S. Bank an
amount equal to the amount by which the indebtedness under the Note exceeds the
Borrowing Base following the removal of that account from the Borrowing Base
(and Daw's failure to make such payment shall constitute an Event of Default
under paragraph 5.1(a) of this Fifth Amendment). If Daw fails to make the
payment required by either of the two preceding sentences following the removal
of an account from the Borrowing Base, U.S. Bank may use the power of attorney
granted in this paragraph to take any and all steps or actions U.S. Bank
reasonably believes are necessary to cause a claim to be made under the Credit
Insurance Policy for payment in full of the account in question (which actions
that may be taken by U.S. Bank include, but are not limited to, providing notice
of default to the Account Debtor, providing proof of loss to the insurer under
the Credit Insurance Policy, or asserting a claim for payment under the policy
with respect to the account in question). Notwithstanding the power of attorney
granted herein, U.S. Bank shall have no obligation to take any action on behalf
of Daw or any of the Guarantors under or with respect to the Credit Insurance
Policy.

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               1.12 New Maturity Date of the Revolving Credit Facility. Subject
to the terms of this Fifth Amendment, U.S. Bank hereby agrees to continue to
make Advances available to Daw through August 31, 2000, in accordance with the
terms of the Loan Agreement (as modified hereby). In that regard, the maturity
date of the Note and revolving credit facility governed by the Loan Agreement
hereby are extended to August 31, 2000.

                                   SECTION II
                              CONDITIONS PRECEDENT

               2.1 Conditions Precedent. This Fifth Amendment, and U.S. Bank's
agreement to extend and modify the revolving credit facility U.S. Bank makes
available to Daw on the basis set forth in this Fifth Amendment, shall not be
effective until all of the following events occur:

               (a) Execution of the Fifth Amendment. Daw executes this Fifth
        Amendment and delivers it to U.S. Bank;

               (b) Execution of the Note Amendment Agreement. Daw executes the
        Note Amendment Agreement and delivers it to U.S. Bank;

               (c) Payment of Attorney Fees. Daw pays U.S. Bank $1,250 for
        attorney fees related to the negotiation and preparation of this Fifth
        Amendment;

               (d) Payment of Loan Fees. Daw pays U.S. Bank $30,000 with
        respect to the loan fees owed pursuant to paragraph 1.5 of this Fifth
        Amendment; and

               (e) Execution of the Guaranty, the Guarantors' Security
        Agreement, and the Guarantors' Financing Statements. The Guarantors
        shall execute and deliver to U.S. Bank the Guaranty, the Guarantors'
        Security Agreement, and the Guarantors' Financing Statements (as those
        terms are defined in paragraph 3.2 of this Fifth Amendment).

If all of the above-described conditions precedent are not satisfied by March
13, 2000, this Fifth Amendment shall not be effective and the parties' rights
and obligations shall continue to be governed by the Loan Documents.

                                   SECTION III

                         COLLATERAL FOR THE INDEBTEDNESS

               3.1 Continued Validity of the Security Agreements Previously
Executed by Daw. Daw hereby expressly reaffirms and acknowledges the validity of
the Security Agreements, the accuracy of the information contained in those
documents, and its grant of security interests and liens in favor of U.S. Bank
in the Collateral. Daw acknowledges and agrees that the Security Agreements, and
the security interests and liens created by those agreements, secure payment of
the Indebtedness. Furthermore, Daw acknowledges and agrees that the Security
Agreements, and the security interests and liens created thereby, shall continue
in full force and effect after the execution of this Fifth Amendment.

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               3.2 The Guaranty, the Guarantors' Security Agreement, and the
Guarantors' Financing Statements. Prior to or contemporaneously with the
execution of this Fifth Amendment, the Guarantors shall execute and deliver to
U.S. Bank a guaranty (the "Guaranty") in form and content satisfactory to U.S.
Bank whereby the Guarantors guarantee payment of the Indebtedness and
performance of all of Daw's obligations under the Loan Documents. At the same
time, the Guarantors shall execute and deliver to U.S. Bank a security agreement
(the "Guarantors' Security Agreement") in form and content satisfactory to U.S.
Bank whereby the Guarantors grant a security interest in all of their personal
property to secure their obligations under the Guaranty and Daw's obligations
under the Loan Documents. In addition, the Guarantors shall execute financing
statements (the "Guarantors' Financing Statements") in form and content
satisfactory to U.S. Bank with respect to the assets described in the
Guarantors' Security Agreements. Following execution of the Guarantors' Security
Agreement, references herein and in the Loan Agreement to the Collateral shall
include the assets of the Guarantors described in the Guarantors' Security
Agreement.

               3.3 Additional Financing Statements; Other Documents. Daw hereby
agrees that until the Indebtedness has been paid in full, Daw promptly shall
execute and deliver to U.S. Bank (and shall cause the Guarantors to execute and
deliver to U.S. Bank) all documents deemed necessary or desirable by U.S. Bank
to evidence, perfect, or continue U.S. Bank's security interests or liens in the
Collateral. Among other things, if requested to do so by U.S. Bank, Daw shall
cause each of the Guarantors to sign separate guaranties and security agreements
in favor of U.S. Bank in form and content substantially similar to the Guaranty
and the Guarantors' Security Agreements. The failure of any Guarantor to sign
and return any such document to U.S Bank within ten days of the date U.S. Bank
delivers the document to Daw shall constitute an Event of Default hereunder.

                                   SECTION IV

                            MISCELLANEOUS PROVISIONS

               4.1 Daw's Commitment to Locate a New Lender. The parties to this
Fifth Amendment desire to discontinue their banking relationship not later than
August 31, 2000 (when the Note matures). Daw hereby represents and warrants that
it will use its best reasonable efforts to locate a new lender and replace U.S.
Bank as soon as possible (and in any event not later than August 31, 2000). In
that regard, Daw hereby agrees that by May 31, 2000, Daw shall deliver to U.S.
Bank a written commitment from another lender that demonstrates to U.S. Bank's
reasonable satisfaction that Daw will be able to obtain a new loan or loans
sufficient to enable Daw to repay in full its obligations to U.S. Bank pursuant
to the Note by August 31, 2000. If Daw fails to comply with the provisions of
the preceding sentence, then as of June 1, 2000, the interest rate charged by
U.S. Bank on the principal amount outstanding under the Note shall increase to
the Prime Rate plus 5 percent per annum and Daw shall pay U.S. Bank a $10,000
fee (which U.S. Bank hereby is authorized to deduct from any account maintained
by Daw with U.S. Bank without notice to Daw).

               4.2 No Agreement to Lend Additional Sums. Daw acknowledges and
agrees that, except as specified in the Loan Agreement (as modified and amended
by this Fifth Amendment), U.S. Bank has made no commitment to extend credit or
to lend funds to Daw and that U.S. Bank has no obligation to do so. Daw
acknowledges and agrees that this means, among

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other things, that U.S. Bank is not obligated to provide Daw a domestic line of
credit once contemplated by the parties hereto, or the foreign accounts
receivable credit facility guaranteed by the ExIm Bank previously discussed by
U.S. Bank and Daw.

               4.3 Expenses of U.S. Bank. Daw shall reimburse U.S. Bank for all
expenses incurred by U.S. Bank, including, but not limited to, collateral
appraisals, collateral examination and inspection costs, and the reasonable fees
and expenses of legal counsel for U.S. Bank in connection with the analysis of
the existing banking relationship between Daw and U.S. Bank, the preparation,
negotiation, closing, administration, amendment, modification, and enforcement
of this Fifth Amendment, or the agreement evidenced hereby; the preservation,
protection, or disposition of the Collateral (or U.S. Bank's security interests
therein); or as required by applicable law, rules, policies, and regulations.
The amounts owed by Daw pursuant to the preceding sentence of this Fifth
Amendment are part of the Indebtedness and shall be paid by Daw within ten days
of the date U.S. Bank provides Daw with written notice requesting payment of
such costs and expenses, or on August 31, 2000, whichever occurs first.

               4.4 Release of Claims. Daw hereby releases and forever discharges
U.S. Bank and U.S. Bank's agents, principals, successors, assigns, employees,
officers, directors, and attorneys, and each of them, of and from any and all
claims, demands, damages, suits, rights, defenses, offsets, or causes of action
of every kind and nature that Daw has or may have as of the date it executes
this Fifth Amendment, whether known or unknown, contingent or matured, foreseen
or unforeseen, asserted or unasserted, including, but not limited to, all claims
for compensatory, general, special, consequential, incidental, and punitive
damages, attorney fees, and equitable relief, other than U.S. Bank's obligations
under this Fifth Amendment and the Loan Agreement (as modified hereby) arising
on and after the date hereof.

               4.5 Waiver of Existing Defaults. Daw hereby acknowledges and
agrees that it is in default with respect to various terms and conditions of the
Loan Agreement, including the provision specifying that the amount owed by Daw
pursuant to the Note shall not exceed the amount of the Borrowing Base and the
fact that the Note matured prior to the date of this Fifth Amendment and was not
repaid by Daw as agreed. Daw's existing defaults under the Loan Agreement are
referred to in this Fifth Amendment as the "Existing Defaults." At the time this
Fifth Amendment becomes effective, U.S. Bank shall waive the Existing Defaults.

               4.6 Cash Collateral Account. Daw acknowledges the existence of
the Cash Collateral Account at U.S. Bank in connection with the parties' banking
relationship. Daw hereby represents and warrants that, except as specified in
the following sentence, until the Note is paid in full and U.S. Bank has no
further commitment to lend to Daw, Daw shall deposit (or cause to be deposited)
all proceeds of all of the Collateral into the Cash Collateral Account for
application to Daw's obligations pursuant to the Note. Notwithstanding the
foregoing, Daw and the Guarantors shall not be required to deposit proceeds of
their foreign accounts receivable into the Cash Collateral Account at any time
that Eligible Insured Foreign Accounts are not included in the Borrowing Base.

               4.7 Financial Information. Daw will deliver to U.S. Bank the
statements, reports, and other information listed below:

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               (a) Annual Audited Statement. As soon as available and in any
        event by June 30, 2000, the consolidated balance sheet of Daw as of the
        end of its 1999 fiscal year and the related statements of income and
        retained earnings and statement of changes in financial position of Daw
        for such year, accompanied by the audit report thereon by independent
        certified public accountants selected by Daw and reasonably satisfactory
        to U.S. Bank (which reports shall be prepared in accordance with
        generally accepted accounting principles consistently applied and shall
        not be qualified by reason of restricted or limited examination of any
        material portion of Daw's records and shall contain no disclaimer of
        opinion or adverse opinion except such as U.S. Bank in its sole
        discretion determines to be immaterial;

               (b) Monthly Financial Statement and Certificate. As soon as
        available and in any event within 25 days after the end of each month,
        the unaudited balance sheet and statement of income and retained
        earnings of Daw as of the end of such month (and for the period from the
        start of the fiscal year to the end of such month) accompanied by a
        certificate of an authorized officer of Daw that such unaudited balance
        sheet and statement of income and retained earnings present fairly the
        financial position and the results of operations of Daw as of the end of
        and for such month and that since the fiscal year-end report referred to
        in clause (a) there has been no material adverse change in the financial
        condition or operations of Daw as shown on the balance sheet as of said
        date;

               (c) Monthly Report Regarding Accounts Receivable. Within 25 days
        after the end of each month, a report with respect to Daw's accounts
        receivable (foreign and domestic) as of the last day of the preceding
        month, which reports shall be in a form reasonably satisfactory to U.S.
        Bank;

               (d) Monthly Report Regarding Work in Progress. Within 25 days of
        the end of each month, a report with respect to Daw's work in progress
        as of the end of the preceding month, which reports shall be in a form
        reasonably satisfactory to U.S. Bank;

               (e) Monthly Borrowing Certificate. Within 25 days after the end
        of each month, a written report identifying Daw's Eligible Domestic
        Accounts and Eligible Insured Foreign Accounts as of the end of the
        prior month, all reconciled to Daw's balance sheet as of the end of the
        month in question;

               (f) Monthly Report Regarding Accounts Payable. Within 25 days
        after the end of each month, a report with respect to Daw's accounts
        payable as of the end of the preceding month, which reports shall
        provide reasonable detail regarding the aging of such accounts payable
        and shall otherwise be in a form reasonably satisfactory to U.S. Bank;

               (g) Monthly Report Regarding Refinancing Efforts. Within 25 days
        after the end of each month, a written report in a form reasonably
        satisfactory to U.S. Bank identifying in reasonable detail the status as
        of the end of the preceding month of Daw's efforts to locate a new
        lender or lenders to replace U.S. Bank;

               (h) Shareholder Reports. As soon as available (and within 45 days
        of the end of each calendar quarter for Form 10Q's and within 180 days
        of the end of each fiscal

                                      -10-

<PAGE>   11
        year for Form 10K's), all reports sent by Daw to its shareholders and
        all quarterly and annual reports filed by Daw with the Securities and
        Exchange Commission and each other governmental authority having
        jurisdiction over Daw;

               (i) Tax Returns. As soon as available (and not more than 30 days
        after filing), Daw's federal income tax returns for 1998 and 1999; and

               (j) Other Information. All other statements, reports, and other
        information as U.S. Bank reasonably may request concerning the financial
        condition and business affairs of Daw.

If Daw does not timely provide U.S. Bank the information required pursuant to
any or all of subparagraphs 4.7(a), 4.7(h), or 4.7(i), Daw shall pay U.S. Bank a
late reporting fee of $1,000 per each report not timely provided to U.S. Bank.
If Daw does not provide each of the reports specified in subparagraphs 4.7(b)
through 4.7(g) each month, Daw shall pay U.S. Bank a late reporting fee of
$1,000 for each month in which all of the reports are not timely delivered to
U.S. Bank. Daw hereby authorizes U.S. Bank to deduct such fees from any account
maintained by Daw with U.S. Bank without notice to Daw.

               4.8 Capital Expenditures. Daw shall not make capital expenditures
(including expenditures with respect to capital leases) that in the aggregate
exceed the sum of $250,000 during the period from March 1, 2000, through August
31, 2000 (provided, however, that amounts paid by Daw in respect of its real
property lease obligations shall not be included in the foregoing limitation).

                                    SECTION V

                              DEFAULT AND REMEDIES

               5.1 Events of Default. The occurrence of any of the following
events ("Event(s) of Default") shall constitute a default by Daw under this
Fifth Amendment and the Loan Documents:

               (a) Failure to Pay. Daw fails to pay any amount owed to U.S. Bank
        pursuant to the Note when such amount is due and such failure shall
        continue for three business days following written notice from U.S.
        Bank;

               (b) Failure to Pay Attorney Fees and Costs. Daw fails to pay U.S.
        Bank's attorney fees, costs, and expenses as required by paragraph 4.3
        of this Fifth Amendment and such failure shall continue for three
        business days following written notice from U.S. Bank;

               (c) Failure to Comply with Other Obligations. Daw fails to comply
        with any other covenant, agreement, term, or condition imposed upon Daw
        by this Fifth Amendment, the Loan Documents, or any other agreement
        between Daw and U.S. Bank (or among Daw, U.S. Bank, and any third party
        or parties), including, but not limited to, Daw's obligation under the
        third sentence of paragraph 4.1 to deliver a lending

                                      -11-

<PAGE>   12
        commitment letter to U.S. Bank by May 31, 2000, and does not remedy or
        cure such failure within ten days following written notice from U.S.
        Bank of such failure;

                (d) Diminution in the Value of the Collateral. A material
        diminution in the value of all or any material portion of the
        Collateral;

                (e) Incorrect or Misleading Statement. Any material statement,
        representation, or warranty made by Daw in this Fifth Amendment, or in
        any oral or written statement furnished to U.S. Bank, whether prior to,
        contemporaneously with, or subsequent to the delivery of this Fifth
        Amendment, proves to have been incorrect or misleading in any material
        respect when made; or

                (f) Receivership/Bankruptcy. A receiver or trustee is appointed
        for Daw, or for any substantial part of its assets, or any bankruptcy
        case is instituted by or with respect to Daw.

               5.2 Acceleration. At the option of U.S. Bank, upon the occurrence
of any Event of Default, the Indebtedness immediately shall be due and payable
and U.S. Bank shall have no obligation to extend any further credit to Daw.

               5.3 Remedies. Following the occurrence of an Event of Default,
U.S. Bank immediately and without notice to Daw may exercise any or all of its
rights and remedies under the Loan Documents and applicable law, all of which
rights and remedies are cumulative.

                                   SECTION VI

                                  GENERAL TERMS

               6.1 Assignment. U.S. Bank reserves the right to transfer or
assign, without notice to or consent by Daw, any or all of the powers, rights,
title, and interests held by U.S. Bank under this Fifth Amendment, the Loan
Documents, or any other agreements between the parties to this Fifth Amendment
(or among those parties and any third party or parties). Those agreements may
not be assigned by Daw by operation of law, or otherwise, without U.S. Bank's
prior, written consent, and any such attempted assignment shall be void and
entirely without effect.

               6.2 Captions. Any captions for the sections of this Fifth
Amendment are for convenience only and do not control or affect the meaning or
construction of any of the provisions of this Fifth Amendment.

               6.3 Severability. If any term, condition, or provision of this
Fifth Amendment, or any other document or instrument referred to in this Fifth
Amendment, is held invalid for any reason, such offending term, condition, or
provision shall be stricken therefrom, and the remainder of this Fifth Amendment
shall not be affected thereby.

               6.4 Status of Loan Documents; Amendments. The Loan Documents may
be amended or modified only by a written agreement signed by an authorized
representative of Daw

                                      -12-

<PAGE>   13
and an authorized representative of U.S. Bank that by its terms expressly
supersedes, modifies, amends, or alters those documents.

               6.5 Continued Effectiveness of the Loan Documents. The Loan
Documents remain in full force and effect and are binding and enforceable in
accordance with their terms (as modified hereby and by the Note Amendment
Agreement). Following the execution of this agreement, references in the Loan
Agreement to the "Agreement" mean the Loan Agreement, as amended hereby.

               6.6 Negotiated Agreement. This Fifth Amendment is a negotiated
agreement. In the event of any ambiguity in this Fifth Amendment, such ambiguity
shall not be subject to a rule of contract interpretation that would cause the
ambiguity to be construed against either of the parties to this Fifth Amendment.

               6.7 Voluntary and Entire Agreement. The only consideration for
the execution of this Fifth Amendment is the consideration expressly recited
herein. This Fifth Amendment and the other agreements and instruments referred
to in this Fifth Amendment set forth and constitute the entire agreement among
the parties hereto with respect to the subject matter of this Fifth Amendment.
No oral promise or agreement of any kind or nature, other than those that have
been reduced to writing and set forth herein, has been made among U.S. Bank and
Daw. Daw acknowledges that it has been, or has had the opportunity to be,
represented by legal counsel in connection with the negotiation and execution of
this Fifth Amendment and the other agreements and instruments referred to in
this Fifth Amendment. Daw fully understands the meaning and intent of this Fifth
Amendment and voluntarily executed this Fifth Amendment and the other agreements
and instruments referred to in this Fifth Amendment.

               6.8 Construction and Conflict with Other Agreements. In the event
of any conflict between the terms of this Fifth Amendment and the terms of any
other agreements or instruments referred to in this Fifth Amendment, the terms
of this Fifth Amendment shall control.

               6.9 Waivers. No waiver of any provision of this Fifth Amendment,
the Loan Documents, or any other agreement between the parties hereto, nor
consent to any failure by Daw to comply with such provisions, shall be effective
unless the same shall be in writing and signed by U.S. Bank, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given.

               6.10 Applicable Law. Notwithstanding anything in the Loan
Documents to the contrary, the Loan Documents, this Fifth Amendment, and any
other instruments or agreements required or contemplated hereunder shall be
governed by, and construed under, the laws of the state of Oregon without regard
to principles of conflicts of law.

               6.11 Venue. Daw submits to the jurisdiction of any state or
federal court sitting in Portland, Oregon, in relation to any controversy or
dispute between the parties under the Loan Documents and hereby waives any claim
that such forum is not convenient, or that another forum is more convenient.

                                      -13-

<PAGE>   14
               6.12 STATUTORY NOTICES. UNDER OREGON LAW, MOST AGREEMENTS,
PROMISES, AND COMMITMENTS MADE BY U.S. BANK CONCERNING LOANS AND OTHER CREDIT
EXTENSIONS THAT ARE NOT FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES OR SECURED
SOLELY BY THE BORROWER'S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION,
AND BE SIGNED BY U.S. BANK TO BE ENFORCEABLE. BY UTAH STATUTE (UCA 25-5-4) THE
FOLLOWING DISCLOSURE IS REQUIRED: THIS FIFTH AMENDMENT IS A FINAL EXPRESSION OF
THE AGREEMENT BETWEEN U.S. BANK AND DAW AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF ANY ALLEGED ORAL AGREEMENT. DAW

                                      -14-

<PAGE>   15
ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS FIFTH AMENDMENT.

U.S. BANK NATIONAL ASSOCIATION          DAW TECHNOLOGIES, INC.

By                                      By
  -------------------------------          -------------------------------
  Betty J. Kinoshita                       Ronald W. Daw
  Vice President                           President

                                        By
                                           -------------------------------
                                           Michael J. Schifsky
                                           Executive Vice President and
                                           Chief Financial Officer

                                      -15-<PAGE>   1
                                                                     Exhibit 4.1

                        THE MONARCH MACHINE TOOL COMPANY

                            CERTIFICATE OF AMENDMENT

                                       TO

                        AMENDED ARTICLES OF INCORPORATION
                        ---------------------------------

         Leo E. Dugdale III, Secretary of THE MONARCH MACHINE TOOL COMPANY, an
Ohio corporation (the "Company"), does hereby certify that the following
resolution amending the Amended Articles of Incorporation of the Company was
adopted by the holders of shares entitling them to exercise two-thirds of the
voting power of the Company, pursuant to Section 1701.71 of the Ohio Revised
Code, at a Special Meeting of Shareholders duly held on August 31, 1999 in which
a quorum was present and acting throughout:

                           RESOLVED, that Article First of the Amended Articles
                  of Incorporation of The Monarch Machine Tool Company be
                  amended in its entirety to read as follows:

                           "FIRST: The name of the corporation is GENESIS
                  WORLDWIDE INC."

                  IN WITNESS WHEREOF, the undersigned has executed this
Certificate as of the 31st day of August, 1999.

                                                     /s/  Leo E. Dugdale III
                                                     -----------------------
                                                     Leo E. Dugdale III
                                                     Secretary

<PAGE>   2

                     1980 AMENDED ARTICLES OF INCORPORATION

                                       OF

                        THE MONARCH MACHINE TOOL COMPANY

                  FIRST. The name of the corporation is THE MONARCH MACHINE TOOL
COMPANY.

                  SECOND. The place in Ohio where its principal office is
located is the City of Sidney, in Shelby County.

                  THIRD. The purpose or purposes for which the Company is formed
are:

                  (a) To develop, manufacture, assemble, distribute, sell,
         lease, or otherwise dispose of, and to deal in or with machine tools,
         machinery, and other products.

                  (b) To manufacture, to purchase, lease, or otherwise acquire,
         to hold and use, to sell, lease, or otherwise dispose of, and to deal
         in or with personal property of any description and any interest
         therein.

                  (c) To purchase, lease, or otherwise acquire, to invest in,
         hold, use, and encumber, to sell, lease, exchange, transfer, or
         otherwise dispose of, and to construct, develop, improve, equip,
         maintain, and operate structures and real property of any description
         and any interest therein.

                  (d) To borrow money, to issue, sell, and pledge its notes,
         bonds, and other evidences of indebtedness, to secure any of its
         obligations by mortgage, pledge, or deed of trust of all or any of its
         property, and to guarantee and secure obligations of any person, all to
         the extent necessary, useful, or conducive to carrying out any of the
         purposes of the Company.

                  (e) To invest its funds in any shares or other securities of
         another corporation, business, or undertaking or of a government,
         governmental authority, or governmental subdivision.

                  (f) To do whatever is deemed necessary, useful, or conducive
         to carrying out any of the purposes of the Company and to exercise all
         other authority enjoyed by corporations generally by virtue of the
         provisions of the Ohio General Corporation Law.

                  FOURTH. The authorized number of shares of the Company is
12,500,000, consisting of 500,000 Preferred Shares without par value ("Preferred
Shares") and 12,000,000

<PAGE>   3

Common Shares without par value ("Common Shares"). The shares of each class
shall have the following express terms:

                  DIVISION A EXPRESS TERMS OF PREFERRED SHARES

                  1. The Preferred Shares may be issued from time to time in one
or more series. Each Preferred Share of any one series shall be identical with
each other share of the same series in all respects, except as to the date from
which dividends thereon shall be cumulative by reason of different dates of
issuance; and all Preferred Shares of all series shall rank equally and shall be
identical, except in respect of the terms which may be fixed by the Board of
Directors as hereinafter provided or which are fixed in Division A-1. Subject to
the provisions of sections 2 through 8 of this Division A, which provisions
shall apply to all Preferred Shares of all series, the Board of Directors is
hereby authorized to cause Preferred Shares to be issued in one or more series
and with respect to each such series, prior to the issuance thereof, to fix:

                  (a) The designation of the series, which may be by
         distinguishing number, letter, or title.

                  (b) The number of shares of the series, which number the Board
         of Directors may increase or decrease, except where otherwise provided
         in the creation of the series.

                  (c) The dividend rate of the series.

                  (d) The dates on which dividends, if declared, shall be
         payable and the dates, if any, from which dividends shall be
         cumulative.

                  (e) The redemption rights and price or prices, if any, for
         shares of the series.

                  (f) The terms and amount of any sinking fund provided for the
         purchase or redemption of shares of the series.

                  (g) Whether the shares of the series shall be convertible into
         Common Shares and, if so, the conversion rate or rates or price or
         prices and the adjustments thereof, if any, and all other terms and
         conditions upon which conversions may be made.

                  (h) The amounts payable on shares of the series in the event
         of any voluntary or involuntary liquidation, dissolution, or winding up
         of the affairs of the Company.

                  (i) Restrictions (in addition to those set forth in sections
         6(b) and 6(c) of this Division A) on the issuance of shares of the same
         series or of any other class or series.

                                      -2-
<PAGE>   4

The Board of Directors is authorized (as are the shareholders) to adopt from
time to time amendments to the Articles of Incorporation or Amended Articles of
Incorporation of the Company fixing, with respect to each such series, the
matters specified in clauses (a) through (i) of this section 1.

                  2. The holders of Preferred Shares of each series, in
preference to the holders of Common Shares and any other class of shares ranking
junior to the Preferred Shares, shall be entitled to receive, out of any funds
legally available and when and as declared by the Board of Directors, cash
dividends at the rate (and no more) for such series fixed in accordance with the
provisions of section 1 of this Division A or in Division A-1, payable quarterly
on the dates fixed for such series. Such dividends shall be cumulative from a
date specified, or non-cumulative, as fixed with respect to such series in
accordance with the provisions of section 1 of this Division A or in Division
A-1. No dividends may be paid upon or declared and set apart for any of the
Preferred Shares for any quarterly dividend period unless at the same time a
like proportionate dividend for the same quarterly dividend period, ratably in
proportion to the respective annual dividend rates fixed therefor, shall be
declared and paid or a sum sufficient for payment thereof set apart for the
Preferred Shares of all series.

                  3. So long as any Preferred Shares are outstanding, no
dividend (except a dividend payable in Common Shares or in other shares of the
Company ranking junior to the Preferred Shares) shall be paid or declared or any
distribution be made (except as aforesaid) in respect of the Common Shares or in
other shares of the Company ranking junior to the Preferred Shares, nor shall
any Common Shares or any other shares of the Company ranking junior to the
Preferred Shares be purchased, retired, or otherwise acquired by the Company
(except out of the proceeds of the sale of Common Shares or other shares of the
Company ranking junior to the Preferred Shares received by the Company
subsequent to December 31, 1967),

                  (a) Unless all accrued and unpaid dividends on the Preferred
         Shares of all series, including the full dividends for the current
         quarterly dividend period, shall have been declared and paid or a sum
         sufficient for payment thereof set apart; and

                  (b) Unless redemption of Preferred Shares of any Series shall
         have been effected from, and any required payment shall have been made
         into, any sinking fund provided for shares of such series in accordance
         with the provisions of section 1 of this Division A.

                  4. (a) Subject to the express terms of each series and to the
provisions of section 6(b)(iii) of this Division A, the Company (i) may from
time to time redeem all or any part of the Preferred Shares of any series at the
time outstanding at the option of the Board of Directors at the applicable
redemption price for such series fixed in accordance with the provisions of
section 1 of this Division A or in Division A-1, or (ii) shall from time to time
make such redemption of the Preferred Shares as may be required to fulfill the
requirements of any sinking fund provided for shares of such series at the
applicable sinking fund redemption price

                                      -3-
<PAGE>   5

fixed in accordance with the provisions of section 1 of this Division A,
together, in each case, with accrued and unpaid dividends to the redemption
date.

                  (b) Notice of every redemption shall be mailed, by first class
mail, postage prepaid, to the holders of record of the Preferred Shares to be
redeemed, at their respective addresses then appearing on the books of the
Company, not less than 30 nor more than 60 days prior to the date fixed for
redemption. At any time before or after notice has been given as above provided,
the Company may deposit the aggregate redemption price of the Preferred Shares
to be redeemed, together with accrued and unpaid dividends thereon to the
redemption date, with any bank or trust company in Dayton, Cincinnati, or
Cleveland, Ohio, or New York, New York, having capital and surplus of more than
$5,000,000, named in such notice, directed to be paid to the respective holders
of the Preferred Shares so to be redeemed, in amounts equal to the redemption
price of all Preferred Shares so to be redeemed, together with accrued and
unpaid dividends thereon to the redemption date, on surrender of the share
certificate or certificates held by such holders, and upon the giving of such
notice and the making of such deposit such holders shall cease to be
shareholders with respect to such shares, and after such notice shall have been
given and such deposit shall have been made such holders shall have no claim
against the Company or privileges with respect to such shares except only to
receive such money from such bank or trust company without interest or the right
to exercise, before the redemption date, any unexpired rights or conversion. In
case less than all of the outstanding Preferred Shares of any series are to be
redeemed, the Company shall select by lot the shares so to be redeemed in such
manner as shall be prescribed by its Board of Directors. If the holders of
Preferred Shares which shall have been called for redemption shall not, within
six years after such deposit, claim the amount deposited for the redemption of
their shares, any such bank or trust company shall, upon demand, pay over to the
Company such unclaimed amounts and thereupon such bank or trust company and the
Company shall be relieved of all responsibility in respect thereof and to such
holders.

                  (c) Any Preferred Shares which are redeemed by the Company
pursuant to the provisions of this section 4 of this Division A and any
Preferred Shares which are purchased and delivered in satisfaction of any
sinking fund requirements provided for shares of such series and any Preferred
Shares which are converted in accordance with their express terms shall be
cancelled and not reissued. Any Preferred Shares otherwise acquired by the
Company shall be restored to the status of authorized and unissued Preferred
Shares without serial designation.

                  5. (a) The holders of Preferred Shares of any series shall, in
case of liquidation, dissolution, or winding up of the affairs of the Company,
be entitled to receive in full, out of the assets of the Company, including its
capital, before any amount shall be paid or distributed among the holders of
Common Shares or any other shares ranking junior to the Preferred Shares, the
amounts fixed with respect to shares of any such series in accordance with
section 1 of this Division A or in Division A-1, plus in any such event an
amount equal in all dividends accrued and unpaid thereon to the date of payment
of the amount due pursuant to such liquidation, dissolution, or winding up of
the affairs of the Company. In case the net assets of the

                                      -4-
<PAGE>   6

Company legally available therefor are insufficient to permit the payment upon
all outstanding Preferred Shares of all series of the full preferential amount
to which they are respectively entitled, then such net assets shall be
distributed ratably upon outstanding Preferred Shares of all series in
proportion to the full preferential amount to which each such share is entitled.
After payment to holders of Preferred Shares of full preferential amounts as
aforesaid, holders of Preferred Shares as such shall have no right or claim to
any of the remaining assets of the Company.

                  (b) The merger or consolidation of the Company into or with
any other corporation, or the merger of any other corporation into it, or the
sale, lease, or conveyance of all or substantially all of the property or
business of the Company, shall not be deemed to be a dissolution, liquidation,
or winding up of the Company for the purposes of this section 5 of this Division
A.

                  6. (a) The holders of Preferred Shares of all series shall be
entitled to one vote for each such share upon all matters presented to
shareholders; and, except as otherwise provided herein or required by law, the
holders of Preferred Shares of all series and the holders of Common Shares shall
vote together as one class on all matters. If, and as often as, the Company
shall be in default in the payment of the equivalent of six quarterly dividends
(whether or not consecutive) on any series of Preferred Shares at any time
outstanding, whether or not earned or declared, the holders of Preferred Shares
of all series voting separately as a class and in addition to all other rights
to vote for Directors shall thereafter be entitled to elect, as herein provided,
two members of the Board of Directors of the Company; provided, however, that
the special class voting rights provided for herein, when the same shall have
become vested, shall remain so vested until all accrued and unpaid dividends on
the Preferred Shares of all series then outstanding shall have been paid,
whereupon the holders of Preferred Shares shall be divested of their special
class voting rights in respect to subsequent elections of Directors, subject to
the revesting of such special class voting rights in the event hereinabove
specified in this section 6(a). In the event of default entitling the holders of
Preferred Shares to elect two Directors as above specified, a special meeting of
the shareholders for the purpose of electing such Directors shall be called by
the Secretary of the Company upon written request of, or may be called by, the
holders of record of the greater of 10% of the Preferred Shares of all series at
the time outstanding or 50,000 Preferred Shares, and notice thereof shall be
given in the same manner as that required for the annual meeting of
shareholders; provided, however, that the Company shall not be required to call
such special meeting if the annual meeting of shareholders shall be held within
90 days after the date of receipt of the foregoing written request from the
holders of Preferred Shares. At any meeting at which the holders of Preferred
Shares shall be entitled to elect Directors, the holders of not less than the
greater of one-third of the outstanding Preferred Shares of all series or 50,000
Preferred Shares, present in person or by proxy, shall be sufficient to
constitute a quorum and the vote of the holders of a majority of such shares so
present at any such meeting at which there shall be a quorum shall be sufficient
to elect the members of the Board of Directors which the holders of Preferred
Shares are entitled to elect as hereinbefore provided. The two Directors who may
be elected by the holders of Preferred Shares pursuant to

                                      -5-
<PAGE>   7

the foregoing provisions shall be in addition to any other Directors then in
office or proposed to be elected otherwise than pursuant to such provisions, and
nothing in such provisions shall prevent any change otherwise permitted in the
total number of Directors of the Company or require the resignation of any
Director elected otherwise than pursuant to such provisions.

                  (b) The affirmative vote or consent of the holders of at least
two-thirds of the then outstanding Preferred Shares of all series, given in
person or by proxy, either in writing or at a meeting called for the purpose at
which the holders of Preferred Shares of all series shall vote separately as a
class, shall be necessary to effect any one or more of the following (but,
insofar as the holders of Preferred Shares are concerned, such action may be
effected with such vote or consent):

                           (i) Any amendment, alteration, or repeal of any of
         the provisions of the Articles of Incorporation or of the Regulations
         of the Company which affects adversely the voting powers, rights, or
         preferences of the holders of Preferred Shares; provided, however, that
         for the purpose of this clause (i) only, neither the amendment of the
         Articles of Incorporation of the Company to authorize, or to increase
         the authorized or outstanding number of, Preferred Shares or of any
         shares of any class ranking on a parity with or junior to the Preferred
         Shares, nor the increase by the shareholders pursuant to the
         Regulations of the number of Directors of the Company shall be deemed
         to affect adversely the voting powers, rights, or preferences of the
         holders of Preferred Shares; and provided further that, if such
         amendment, alteration, or repeal affects adversely the rights or
         preferences of one or more but not all then outstanding series of
         Preferred Shares, only the affirmative vote or consent of the holders
         of at least two-thirds of the number of the then outstanding shares of
         the series so affected shall be required;

                           (ii) The authorization, or the increase in the
         authorized number of, shares of any class ranking prior to the
         Preferred Shares; or

                           (iii) The purchase or redemption (whether for sinking
         fund purposes or otherwise) of less than all the then outstanding
         Preferred Shares except in accordance with a purchase offer made to all
         holders of record of Preferred Shares, unless all dividends on all
         Preferred Shares then outstanding for all previous quarterly dividend
         periods shall have been declared and paid or funds therefor set apart
         and all accrued sinking fund obligations applicable to all Preferred
         Shares shall have been complied with.

                  (c) The affirmative vote or consent of the holders of at least
a majority of the then outstanding Preferred Shares of all series, given in
person or by proxy, either in writing or at a meeting called for the purpose at
which the holders of Preferred Shares of all series shall vote separately as
class, shall be necessary (but insofar as the holders of Preferred Shares are
concerned, such action may be effected with such affirmative vote or consent) to
authorize any shares ranking on a parity with the Preferred Shares or an
increase in the authorized number of Preferred Shares.

                                      -6-
<PAGE>   8

                  7. No holder of Preferred Shares of any series, as such, shall
have any pre-emptive right to purchase or subscribe for shares of the Company,
of any class, or other securities of the Company, of any class, whether now or
hereafter authorized.

                  8. For the purposes of this Division A:

                  (a) Whenever reference is made to shares "ranking prior to the
         Preferred Shares," such reference shall mean and include all shares of
         the Company in respect of which the rights of the holders thereof as to
         the payment of dividends or as to distributions in the event of a
         voluntary or involuntary liquidation, dissolution, or winding up of the
         affairs of the Company are given preference over the rights of the
         holders of Preferred Shares.

                  (b) Whenever reference is made to shares "ranking on a parity
         with the Preferred Shares," such reference shall mean and include all
         shares of the Company in respect of which the rights of the holders
         thereof as to the payment of dividends and as to distributions in the
         event of a voluntary or involuntary liquidation, dissolution, or
         winding up of the affairs of the Company rank on an equality with the
         rights of the holders of Preferred Shares.

                  (c) Whenever reference is made to shares "ranking junior to
         the Preferred Shares," such reference shall mean and include all shares
         of the Company other than those defined under clauses (a) and (b) of
         this section 8 as shares "ranking prior to" or "ranking on a parity
         with" the Preferred Shares.

                                  DIVISION A-1

                        EXPRESS TERMS OF $1.80 CUMULATIVE
                     CONVERTIBLE PREFERRED SHARES, SERIES A

                  There is hereby established a first series of Preferred Shares
to which the following shall be applicable:

                  Section 1. DESIGNATION OF SERIES. The series shall be
designated "$1.80 Cumulative Convertible Preferred Shares, Series A"
(hereinafter called "Series A Preferred Shares").

                  Section 2. NUMBER OF SHARES. The number of Series A Preferred
Shares initially fixed is 117,734, which number the Board of Directors may
increase or decrease (but not below the number of shares of the series then
outstanding).

                                      -7-
<PAGE>   9

                  Section 3. DIVIDEND RATE. The dividend rate for Series A
Preferred Shares is $1.80 per share per annum.

                  Section 4. DIVIDEND PAYMENT DATES; CUMULATIVE DATES. The dates
at which dividends on the Series A Preferred Shares shall be payable are March
1, June 1, September 1, and December 1 of each year. Dividends on Series A
Preferred Shares shall be cumulative as follows:

                  (a) In the case of shares issued during the period commencing
         immediately after the record date for the payment of a dividend and
         terminating at the close of the payment date for such dividend,
         dividends shall be cumulative from such last-mentioned dividend payment
         date.

                  (b) In all other cases dividends shall be cumulative from the
         dividend payment date next preceding the date of issuance of such
         shares.

                  Section 5. REDEMPTION PRICE. The redemption price for the
Series A Preferred Shares shall be $40.00 per share.

                  Section 6. CONVERSION RIGHTS.

                  (a) [These 1980 Amended Articles of Incorporation give effect
to adjustments of the conversion price of the Series A Preferred Shares
occurring prior to the filing of these 1980 Amended Articles of Incorporation
with the Ohio Secretary of State and delete provisions in the express terms of
the Series A Preferred Shares that are no longer applicable at the time of the
filing.] The holder of Series A Preferred Shares shall be entitled at any time
(but in the case of such shares which have been called for redemption, such
right shall expire at the close of business on the date fixed for such
redemption, unless default shall be made in the deposit of the redemption
price), to convert, in the manner hereinafter provided (giving to Series A
Preferred Shares for the purpose hereof a value of $39.60 per share) into fully
paid and nonassessable Common Shares at the conversion price of $9.90 for each
Common Share. The conversion price of the Common Shares shall be subject to
adjustment from time to time in certain instances, as hereinafter provided;
provided, however, that no adjustment under paragraph (b) of this Section 6 of
the conversion price shall be made unless such adjustment with any other
adjustments not yet made by reason of this proviso would result in a change of
at least fifty cents in the conversion price in effect.

                  (b) Except as otherwise hereinafter provided, whenever the
Company shall issue Common Shares (which term shall not include the sale of
treasury shares) in excess of the number of Common Shares theretofore issued and
outstanding without receiving therefor a consideration per share at least equal
to the conversion price per Common Share in effect immediately prior to such
issuance, then, upon such issuance, the conversion price per Common Share shall
be adjusted to the price obtained by:

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<PAGE>   10

                           (i) Multiplying the number of Common Shares
         constituting issued and outstanding shares when the conversion price
         then in effect became effective by the conversion price then in effect;

                           (ii) Adding to the product the total amount of
         consideration, if any, received by the Company for the issuance of such
         additional Common Shares and for all other issuances of Common Shares
         subsequent to the time when the conversion price then in effect became
         effective; and

                           (iii) Dividing the sum so obtained by the total
         number of Common Shares constituting issued and outstanding shares
         immediately after the issuance of such additional Common Shares,
         disregarding in the quotient so obtained fractions of one cent.

                           (c) For the purpose of making the computations
described in paragraph (b) of this section 6, the following provisions shall be
applicable:

                           (i) Common Shares issued as a stock dividend or split
         and Common Shares issued to change or replace issued Common Shares
         shall, except for any money or other property also received by the
         Company therefor, be deemed to have then issued for a consideration of
         no value.

                           (ii) Common Shares issued for money or in
         extinguishment of debts or obligations of the Company shall be deemed
         to have been issued for a consideration equal to the money received by
         the Company and the amount of any debt or obligation so extinguished,
         plus such reasonable commissions and discounts for the underwriting or
         marketing thereof as may have been deducted from the money which
         otherwise would have been received by the Company or from the amount of
         the debt or obligation which would have been extinguished.

                           (iii) Common Shares issued for property other than
         cash shall be deemed to have been issued for a consideration equal to
         the fair value of such property as determined by the Board of Directors
         of the Company, plus such reasonable commissions for the underwriting
         or marketing of such Common Shares as may have been charged to the
         Company or deducted from the property which otherwise would have been
         received by the Company.

                           (iv) In case the Company shall in any manner issue or
         sell any shares or obligations (other than the presently authorized
         Series A Preferred Shares) which, at the option of the holder thereof,
         may be converted into or may be replaced by Common Shares at a price
         less than the conversion price in effect immediately prior to the
         issuance or sale of such convertible shares or obligations, such
         issuance or sale shall be deemed to be an issuance or sale (as of the
         date of the issuance or sale of such convertible shares or obligations)
         of the maximum number of Common Shares necessary to effect the

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<PAGE>   11

         conversion or replacement of all such convertible shares or obligations
         and the amount received by the Company as the consideration for the
         issuance or sale of such convertible shares or obligations plus the
         total amount or additional consideration, if any, payable to the
         Company on conversion or replacement (plus such reasonable commissions
         and discounts for the underwriting or marketing of such convertible
         shares or obligations as may have been charged to the Company or
         deducted from the consideration which otherwise would have been
         received by the Company) shall be deemed to be consideration actually
         received for the issuance or sale of such Common Shares, and such
         Common Shares shall be deemed to constitute issued and outstanding
         Common Shares as of said date; provided, however, that no further
         adjustment of the conversion price shall be made upon the actual
         issuance of any Common Shares to effect such conversion or replacement;
         and provided further that, if any such convertible shares or
         obligations shall be retired by the Company or otherwise cancelled
         without the issuance of any Common Shares to effect the conversion or
         replacement above provided, a computation as aforesaid shall again be
         made in the same manner as though the convertible shares or
         obligations, to the extent so retired or cancelled, had not been issued
         or sold.

                           (v) In case the Company shall grant any right or
         option (expiring more than 21 days from the date of the grant thereof)
         to subscribe for or purchase any Common Shares at a price less than the
         conversion price in effect immediately prior to the granting of such
         options or rights; such grant shall, except as provided in clause (vi)
         below, be deemed to be an issuance (as of the date of the granting of
         such right or option) of the maximum number of Common Shares issuable
         upon the exercise of such right or option, and the amount, if any,
         received by the Company as the consideration for the granting of such
         right or option plus the total amount of additional consideration, if
         any, payable to the Company upon the exercise of such right or option
         (plus such reasonable commissions and discounts for the underwriting or
         marketing of such right or option as may have been charged to the
         Company or deducted from the consideration which otherwise would have
         been received by the Company) shall be deemed to be the consideration
         actually received for the issuance of such Common Shares, and such
         Common Shares shall be deemed to constitute issued and outstanding
         Common Shares as of said date; provided, however, that no further
         adjustment of the conversion price shall be made upon the actual
         issuance of any Common Shares upon the exercise of any such right or
         option; and provided further that, if any such rights or options shall
         be terminated or shall expire without being fully exercised, a
         computation as aforesaid shall again be made in the same manner as
         though the rights or options, to the extent that they remain
         unexercised, had not been granted.

                           (vi) Common Shares issued pursuant to any employee
         stock option plan, employee stock purchase plan, or similar plan of the
         Company in existence on the date of the first issuance of Series A
         Preferred Shares or thereafter approved at a meeting of shareholders of
         the Company by the vote of the holders of a majority of the shares

                                      -10-
<PAGE>   12

         entitled to vote shall be deemed to have been issued for a
         consideration equal to the conversion price in effect at the time of
         issuance thereof.

                           (vii) Common Shares issued upon conversion of a
         Series A Preferred Shares shall be deemed to have been issued for a
         consideration equal to the conversion price in effect at the time of
         issuance thereof.

                           (d) In the event that shares of any class (other than
Common Shares) are issued by way of a stock divided on outstanding Common
Shares, then, in addition to any Common Shares receivable upon exercise of the
conversion rights to the Series A Preferred Shares, the holder of a Series A
Preferred Share (entitled to receive a specified number of shares of the first
mentioned class were such Series A Preferred Share converted immediately prior
to the declaration and issuance of the stock dividend) shall, upon such exercise
of the conversion rights of the Series A Preferred Shares, be entitled to
receive the same number of the first mentioned class and/or shares of any class
issued successively thereon as a stock dividend and/or any shares issued
successively upon any exchange, replacement, subdivision, or combination
thereof. No adjustment in the conversion price shall be made merely by virtue of
the happening of any event specified in this paragraph (d).

                           (e) Upon conversion of the Series A Preferred Shares,
no adjustment shall be made for any dividends on the Series A Preferred Shares,
or for any dividends on the shares into which the Series A Preferred Shares are
converted.

                           (f) In the event that the Company shall effect any
capital reorganization or reclassification of its shares or shall consolidate or
merge with or into any other corporation, involving in any such case the
issuance or delivery to the holders of Common Shares of other stock (or
securities or assets), then in any one or more of such events the Company shall
give notice thereof by mail as hereinafter provided, which notice shall state
the date as of or after which such transaction shall take place and the date as
of which holders of Common Shares shall be entitled to replace their Common
Shares with stock (and other securities and assets, if any) pursuant to such
reclassification, reorganization, merger, or consolidation, to the end that the
holders of the Series A Preferred Shares may at their option on or before the
date so specified surrender them for conversion and thereby be entitled in
respect of the Common Shares issuable upon such conversion to receive such stock
(and other securities and assets, if any), to the same extent and on the same
basis as other holders of Common Shares. The notice herein required to be given
shall be sufficiently given if the Company shall mail a copy thereof to the
holders of the Series A Preferred Shares at their addresses as shown by the
books of the Company, first class, postage prepaid. Such written notice shall be
mailed not less than 30 days before the proposed effective date of any such
transaction and not less than 30 days before the date as of which holders of
Common Shares shall be entitled to replace their Common Shares with stock or
securities pursuant to such reclassification, reorganization, merger, or
consolidation.

                                      -11-
<PAGE>   13

                           (g) In the event that the Company shall effect any
capital reorganization or reclassification of its shares or shall consolidate or
merge with or into any other corporation or shall sell all or substantially all
of its property as an entirety, lawful provision shall be made as part of the
terms of such transaction that the holders of Series A Preferred Shares may then
or thereafter receive in lieu of each Common Share otherwise issuable to them
upon conversion of the Series A Preferred Shares (but at the conversion price
which would otherwise be in effect at the time of conversion and with the same
protection against dilution, all as herein provided), the same kind and amount
of stock (and other securities and assets, if any) as may be issuable or
distributable upon such transaction with respect to each outstanding Common
Share, and after such transaction the conversion rights of the holders of the
Series A Preferred Shares shall be merely to receive such stock (and other
securities and assets, if any). The foregoing provisions shall similarly apply
to successive transactions of a similar nature by any such successor or
purchaser.

                           (h) Whenever there shall be any issuance of Common
Shares or there shall happen any other event as a consequence of which the
conversion price of the Common Shares or the conversion rights of the Series A
Preferred Shares shall be altered or varied, the Company shall forthwith file
with the Transfer Agent for the Series A Preferred Shares a statement describing
specifically such issuance of Common Shares or such other event (and, in the
case of a reorganization, reclassification, consolidation, merger, or sale, the
terms thereof) and the adjusted conversion price resulting from such event and
the change, if any, in the stock (and other securities and assets, if any)
issuable or distributable upon conversion. The Transfer Agent may receive and
file such statements without responsibility on its part for the matters therein
recited and as conclusive evidence of the facts therein stated.

                           (i) When the exercise of the conversion rights of the
Series A Preferred Shares shall result in a fraction of a Common Share issuable
upon such conversion, the Company shall not issue a fractional share but in lieu
thereof shall make a cash adjustment in respect thereof on the basis of the then
existing conversion price of the Common Shares.

                           (j) Any holder of a Series A Preferred Share desiring
to exercise the right of conversion shall surrender to the Company at the office
of the Transfer Agent (or at the principal office of the Company if, at the time
of such conversion, there be no transfer agent for the Series A Preferred
Shares) the certificate evidencing the Series A Preferred Shares so to be
converted, duly endorsed for transfer to the Company or accompanied by an
appropriate separate instrument of assignment; and promptly thereafter the
Company shall issue and deliver a stock certificate representing the full Common
Shares into which such Series A Preferred Shares shall have been so converted
together with cash adjustments in lieu of fractional shares and certificates
representing any shares to which such holder shall be entitled by reason of the
provisions of paragraph (g) of this section 6, under all suitable regulations to
be prescribed by the Company's Board of Directors. The issuance of the Common
Shares and the issuance of any such other shares shall be as of the date of the
surrender, as aforesaid, of the certificate evidencing the Series A Preferred
Share for conversion, notwithstanding any delay in the delivery of the
certificate for

                                      -12-
<PAGE>   14

the Common Shares into which such Series A Preferred Shares shall have been so
converted or in the delivery of certificates for any such other shares. The
Company shall pay any and all taxes which may be imposed in respect to the
issuance and delivery of the Common Shares (and any such other shares) issuable
upon conversion of Series A Preferred Shares; provided, however, that the
Company shall not be required in any event to pay any transfer or other taxes by
reason of the issuance of such Common Shares (or any such other shares) in a
name or names other than the name of the owner of the Series A Preferred Share
surrendered for conversion.

                           (k) The Company shall reserve and keep available out
of its authorized but unissued shares, solely for the purpose of delivery upon
exercise of the conversion rights provided in this section 6, such number of
shares as shall from time to time be sufficient to effect the conversion of all
of the Series A Preferred Shares then outstanding. The Company shall from time
to time, in accordance with the laws of the State of Ohio, increase the
authorized number of shares at any time the number of shares remaining unissued
and available for effecting conversion of Series A Preferred Shares shall not be
sufficient to permit the conversion of all then outstanding Series A Preferred
Shares.

                           (l) All Series A Preferred Shares surrendered for
conversion into the Common Shares shall be cancelled and not again issued.

                           Section 7. LIQUIDATION RIGHTS. The amount payable on
Series A Preferred Shares in the event of any voluntary liquidation,
dissolution, or winding up of the affairs of the Company shall be $40.00 per
share.

                  FIFTH. The Company, by action of its directors, and without
action by its shareholders, may purchase its own shares, of any class or series,
in accordance with the provisions of the Ohio General Corporation Law, either in
the open market or at public or private sale, in such manner and amounts, from
such holder or holders of outstanding shares of the Company, and at such prices
as the Directors shall from time to time determine, subject, however, to such
limitation or restriction, if any, as may be contained in the express terms of
any class or series of shares of the Company outstanding at the time of such
purchase.

                  SIXTH. No holder of shares of the Company or any class, as
such, shall have any pre-emptive right to purchase or subscribe for shares of
the Company, of any class, or other securities of the Company, of any class,
whether now or hereafter authorized.

                  SEVENTH. These Amended Articles of Incorporation supersede and
take the place of the existing Articles of Incorporation of the Company.

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