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                                                                    EXHIBIT 10.3

                              AMENDED AND RESTATED
                            SECURITYHOLDERS AGREEMENT

      This AMENDED AND RESTATED SECURITYHOLDERS AGREEMENT (this "Agreement") is
made as of [November __], 2004 by and among Coinmach Holdings, LLC, a Delaware
limited liability company (the "Company"), Coinmach Service Corp., a Delaware
corporation ("CSC"), each of the executives listed on the Schedule of Executives
attached hereto (the "Executives"), GTCR-CLC, LLC, a Delaware limited liability
company ("GTCR-CLC"), Jefferies & Company, Inc. ("Jefferies") and each of the
investors listed on the Schedule of Investors attached hereto (the "Investors").
The Executives, GTCR-CLC, Jefferies and the Investors are collectively referred
to herein as the "Securityholders" and individually as a "Securityholder."
Capitalized terms used but not otherwise defined herein are defined in Section 9
hereof.

      WHEREAS, the parties hereto are parties to that certain Securityholders
Agreement, dated as of March 6, 2003 (the "Existing Agreement");

      WHEREAS, on or about the date hereof, the Company will exchange all of the
shares of capital stock of Coinmach Laundry Corporation and Appliance Warehouse
of America, Inc. held by it for shares of Class B Common Stock, par value $0.01
per share (the "Class B Stock"), of CSC;

      WHEREAS, in connection with the exchange described in the foregoing
recital, the Company and the Securityholders parties hereto desire to amend and
restate the Existing Agreement in its entirety in the manner set forth herein in
order to (i) contemplate the application of certain provisions thereof to any
Class B Stock or other securities of CSC that the Securityholders may acquire
from the Company, (ii) make CSC a party hereto and (iii) remove certain of the
voting agreements contained therein.

      NOW, THEREFORE, the parties hereto hereby agree to amend and restate the
Existing Agreement in its entirety as follows:

      1.    Board of Managers.

            (a) From the date hereof and until the provisions of this Section 1
cease to be effective, each Securityholder shall vote all of his or its
Securityholder Units which are voting Units and any other voting securities of
the Company over which such Securityholder has voting control and shall take all
other necessary or desirable actions within his or its control (whether in its
capacity as a securityholder, manager, member of a Board committee or officer of
the Company or otherwise, and including, without limitation, attendance at
meetings in person or by proxy for purposes of obtaining a quorum and execution
of written consents in lieu of meetings), and the Company shall take all
necessary or desirable actions within its control (including, without
limitation, calling special Board and securityholder meetings), so that:

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                  (i) the authorized number of managers on the Board shall be
            the number necessary to allow for the designations provided for
            pursuant to Section 1(a)(ii) below or such higher number as
            determined by GTCR-CLC from time to time;

                  (ii) the following individuals shall be elected to the Board:

                        (1) three (3) individuals designated by GTCR-CLC, which
               individuals initially shall be David A. Donnini, Vincent J.
               Hemmer and Bruce V. Rauner (the "GTCR Managers");

                        (2) the Chief Executive Officer of the Company (the
               "Management Manager");

                        (3) one (1) or more individuals designated by GTCR-CLC
               (the "Outside Managers") who are not members of CSC's or the
               Company's management or employees or officers of CSC, the Company
               or their respective Subsidiaries and who are reasonably
               acceptable to the Executives, one of which initially shall be
               James N. Chapman; provided that if after 60 days GTCR-CLC and the
               Executives are unable to agree upon the designation of any
               Outside Manager(s), then GTCR-CLC shall designate such Outside
               Manager(s) in its sole discretion; provided further that the
               rights of GTCR-CLC under this Section 1 shall terminate at such
               time as GTCR-CLC and its Permitted Transferees hold in the
               aggregate less than 50% of the Securityholder Units held by
               GTCR-CLC on the date hereof; and

                        (4) if requested by GIC, one individual (the "GIC
               Manager") designated by GIC; provided that the rights of GIC
               under this Section 1 shall terminate at such time as GIC and its
               Permitted Transferees hold in the aggregate less than 50% of the
               Securityholder Units held by GIC on the date hereof;

                  (iii) any committees of the Board shall be created only upon,
            and may be disbanded upon, the approval of not less than three
            members of the Board, and each such committee (if any) shall include
            at least one GTCR Manager;

                  (iv) the removal from the Board (with or without cause) of any
            GTCR Manager or Outside Manager shall be at GTCR-CLC's written
            request, but only upon such written request and under no other
            circumstances;

                  (v) if the Management Manager ceases to be the Chief Executive
            Officer of the Company, he shall be removed as a Manager of the
            Company promptly after his employment in such office ceases; and

                  (vi) in the event that any GTCR Manager, Management Manager,
            GIC Manager or Outside Manager ceases to serve as a member of the
            Board during his/her term of office, the resulting vacancy shall be
            filled in the manner provided in subparagraphs (ii)(1) through (4)
            above, as the case may be.

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            (b) The Company shall pay the reasonable out-of-pocket expenses
incurred by each Manager in connection with attending the meetings of the Board
and any committees thereof.

            (c) The provisions of this Section 1 shall terminate automatically
and be of no further force and effect upon the first to occur of (i) a Qualified
Public Offering or (ii) a Sale of the Company.

            (d) If any party fails to designate a representative to fill a
position pursuant to the terms of this Section 1, the election of an individual
to such position shall be accomplished in accordance with the Company's
operating agreement and applicable law.

            (e) Each of Mitchell Blatt, Robert M. Doyle, a representative
appointed by the TCW/Crescent Purchasers and, for so long as no GIC Manager
serves on the Board, a representative appointed by GIC (each of Messrs. Blatt
and Doyle and each such representative being an "Observer" and together the
"Observers") shall be entitled to certain rights set forth herein. The Company
shall provide to each Observer notice of each meeting of the Board at the same
time and in the same manner as notice is given to the Managers, and the Company
shall permit each Observer to attend, as an observer, without voting rights, all
meetings of the Board. Each Observer shall be entitled to receive all written
materials and other information given to Managers in connection with such
meetings at the same time such materials and information are given to the
Managers. If the Company proposes to take any action by written consent in lieu
of a meeting of the Board, the Company shall give notice to each Observer at the
same time and in the same manner as notice is given to the Managers. The Company
shall pay all reasonable out-of-pocket expenses of each Observer to attend
meetings of the Board. Notwithstanding anything herein to the contrary, if
counsel to the Company concludes in its reasonable discretion that the rights
granted to the Observers in this Section 1(e) will, or could, in certain
circumstances, result in a violation or waiver of the Company's attorney-client
privilege, such rights may be suspended in such circumstances so as to protect
the Company's attorney-client privilege; provided that such suspension shall be
applied on an individual issue basis and only to the extent reasonably required
to preserve such attorney-client privilege.

      2. Representations and Warranties. Each Securityholder represents and
warrants that (i) such Securityholder is the record owner of the number of
Securityholder Units set forth opposite his or its name on the Schedule of
Securityholders attached hereto, (ii) this Agreement has been duly authorized,
executed and delivered by such Securityholder and constitutes the valid and
binding obligation of such Securityholder, enforceable in accordance with its
terms, (iii) all Securityholder Units have been acquired by such Securityholder
for investment and not with a view to the sale or distribution thereof within
the meaning of the Securities Act, and (iv) such Securityholder has not granted
and is not a party to any proxy, voting trust or other agreement which is
inconsistent with, conflicts with or violates any provision of this Agreement.
No holder of Securityholder Units shall grant any proxy or become party to any
voting trust or other agreement which is inconsistent with, conflicts with or
violates any provision of this Agreement.

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      3. Restrictions on Transfer of Covered Securities. No Securityholder shall
sell, transfer, assign, pledge or otherwise dispose of (a "Transfer") any
interest in his or its Covered Securities, except pursuant to the provisions of
this Section 3.

            (a) Participation Rights. At least 30 days prior to any Transfer of
any Covered Securities by any Securityholder which, together with its Permitted
Transferees, holds at least the Threshold Amount of a class of Covered
Securities as of immediately prior to such Transfer (a "Significant
Securityholder") (other than (i) pursuant to a Public Sale or (ii) a Transfer
pursuant to Section 3(c) or Section 5 hereof), the transferring Significant
Securityholder will deliver a written notice (the "Sale Notice") to the Company
and the other Securityholders (the "Other Securityholders"), specifying in
reasonable detail the identity of the prospective transferee(s), the Covered
Securities to be sold and the terms and conditions of the Transfer. In the event
that the Other Securityholders hold (x) the class of Covered Securities which
are to be transferred, (y) securities convertible, exchangeable or exercisable
for the class of Covered Securities which are to be transferred, or (z)
securities into which the class of Covered Securities which are to be
transferred are convertible, exchangeable or exercisable, they may elect to
participate in the contemplated Transfer by delivering written notice to the
transferring Significant Securityholder within 15 days after delivery of the
Sale Notice. If any Other Securityholders have elected to participate in such
Transfer ("Participating Securityholders"), the transferring Significant
Securityholder and each Participating Securityholder will be entitled to sell in
the contemplated Transfer, at the same price and on the same terms, a number of
Covered Securities of such class (other than Unvested Units (as such term is
defined in the Executives' Equity Participation Agreements), or securities
convertible, exchangeable or exercisable for Covered Securities of such class
(or securities into which such class of Covered Securities are convertible,
exchangeable or exercisable), equal to the product of (i) the quotient
determined by dividing the number of Covered Securities of such class (other
than Unvested Units) and securities convertible, exchangeable or exercisable for
Covered Securities of such class (or securities into which such class of Covered
Securities are convertible, exchangeable or exercisable) held by such Person by
the aggregate number of Covered Securities of such class (other than Unvested
Units) and securities convertible, exchangeable or exercisable for Covered
Securities of such class (or securities into which such class of Covered
Securities are convertible, exchangeable or exercisable) owned by the
transferring Significant Securityholder and all Participating Securityholders
and (ii) the number of Covered Securities of such class and securities
convertible, exchangeable or exercisable for Covered Securities of such class
(or securities into which such class of Covered Securities are convertible,
exchangeable or exercisable) to be sold in the contemplated Transfer. Subject to
the remaining provisions of this Section 3(a), the transferring Significant
Securityholder shall use its best efforts to obtain the agreement of the
prospective transferee(s) to the participation of the Participating
Securityholders in any contemplated Transfer, and the transferring Significant
Securityholder shall not Transfer any of its Covered Securities of such class to
the prospective transferee(s) unless (1) the prospective transferee(s) agrees to
allow the participation of the Participating Securityholders or (2) the
transferring Significant Securityholder agrees to purchase the number of such
class of Covered Securities from any Participating Securityholders which the
Participating Securityholders would have been entitled to sell pursuant to this
Section 3(a). If any securities convertible, exchangeable or exercisable for
Covered Securities of such class (or securities into which such class of Covered
Securities are convertible, exchangeable or exercisable) are included in any
Transfer under this Section 3(a), the purchase price for such

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securities shall be equal to the full purchase price determined hereunder for
the Covered Securities covered by the portion of such securities to be
transferred, adjusted by the aggregate exercise price for such units.
Notwithstanding the foregoing, in the event that a prospective transferee of CSC
Securities, other than shares of Class A Stock, is not willing to agree to the
participation of a Participating Securityholder in any such Transfer for the
reason that such Participating Securityholder proposes to transfer Class B Stock
and, pursuant to the terms of the CSC Charter, the proposed Transfer would
result in holders of the Class B Stock losing any voting rights to which holders
of the Class B Stock are then entitled, then (i) the transferring Significant
Securityholder shall have no further obligation either to endeavor to include
such Class B Stock in the proposed Transfer or to purchase such Class B Stock
from such Participating Security holder, (iii) the transferring Significant
Securityholder shall not be precluded from transferring any of its Covered
Securities by reason of the exclusion of such Class B Stock from the proposed
Transfer, and (iii) such shares of Class B Stock shall be disregarded for
purposes of determining the number of Covered Securities that such Participating
Securityholder may sell in the contemplated Transfer. Each Securityholder
transferring Covered Securities pursuant to this Section 3(a) shall pay his or
its pro rata share (based on the number of Covered Securities to be sold) of the
expenses incurred by the Securityholders in connection with such transfer and
shall be obligated to join on a pro rata basis (based on the number of Covered
Securities to be sold) in any indemnification or other obligations that the
transferring Significant Securityholder agrees to provide in connection with
such transfer (other than any such obligations that relate specifically to a
particular Securityholder, such as indemnification with respect to
representations and warranties given by a Securityholder regarding such
Securityholder's title to, ownership of Covered Securities and, for such
Securityholders that are not individuals, authority to enter into such
agreement); provided, however, that no Investor shall be required to make a
representation or warranty that any other Investor is not required to make.

            (b) First Refusal Rights. Except for a Transfer of Securityholder
Units by an Executive (which Transfers are governed by the Senior Management
Agreements and the Management Contribution Agreements) or any Transfer of Class
B Preferred Units, at least thirty (30) days prior to any Transfer of Covered
Securities by any Securityholder which, together with its Permitted Transferees,
holds less than the Threshold Amount of a class of Covered Securities as of
immediately prior to such Transfer (other than (i) pursuant to a Public Sale,
(ii) a Transfer to the Company, (iii) a Transfer of Securityholder Units
pursuant to a Senior Management Agreement, or (iv) a Transfer pursuant to
Section 3(a), Section 3(c) or Section 5 hereof), the Securityholder making such
Transfer (the "Minority Transferor") shall deliver a written notice (the
"Transfer Notice") to the Company and each Significant Securityholder (which
shall, for purposes of this subsection (b), include GTCR-CLC and each Investor
other than any such Person that is the Minority Transferor hereunder) that it
desires to Transfer Covered Securities of such class, specifying in reasonable
detail the identity of the prospective transferee(s), the number of Covered
Securities to be transferred and the terms and conditions of the Transfer,
including the proposed price per Covered Security of such class (which price
shall be payable solely in cash at the closing of the transaction or in
installments over time). The Company may elect to purchase all or any portion of
the Covered Securities to be transferred, upon the same terms and conditions as
those set forth in the Transfer Notice, by delivering a written notice of such
election to the Minority Transferor and each Significant Securityholder within
15 days after the Transfer Notice has been given to the Company. If for any
reason the Company does not elect to purchase all of the Covered Securities to
be transferred, the Significant Securityholder(s)

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shall be entitled to purchase the Covered Securities which the Company has not
elected to purchase (the "Available Securities"), upon the same terms and
conditions as those set forth in the Transfer Notice, by giving written notice
of such election to the Company and to the Minority Transferor within 30 days
after the Transfer Notice has been given to the Company and each Significant
Securityholder. If more than one Significant Securityholder elects to purchase
the Available Securities, the Available Securities will be allocated among such
electing Securityholders (i) with respect to Available Securities that are
Securityholder Units, pro rata according to the number of Securityholder Units
of the applicable class owned by each such electing Securityholder on a Fully
Diluted Basis or (ii) with respect to Available Securities that are CSC
Securities, pro rata according to the number of Securityholder Units owned by
each such Securityholder on a Fully Diluted Basis together with the number of
Securityholder Units formerly held by each such Securityholder that were
redeemed, surrendered or exchanged for CSC Securities the applicable
Securityholder then owns. The closing of the purchase of any Covered Securities
pursuant to this Section 3(b) shall take place within sixty (60) days after the
date on which the parties to such purchase have been finally determined pursuant
to this Section 3(b). Notwithstanding the foregoing, if the Company, and the
Significant Securityholder(s) do not elect to purchase, collectively, all of the
Covered Securities of a class specified in the Transfer Notice, then the
Minority Transferor may transfer all of the Covered Securities of such class
specified in the Transfer Notice to the transferee(s) identified in the Transfer
Notice for (i) a price no less than the price specified in the Transfer Notice
and (ii) other terms no more favorable to the transferee(s) thereof than
specified in the Transfer Notice, during the 90-day period immediately following
the date on which the Transfer Notice has been given to the Company and the
Significant Securityholder(s). Any Covered Securities not transferred within
such 90-day period will be subject to the provisions of this Section 3(b) upon
subsequent transfer.

            (c) Permitted Transfers. The restrictions contained in this Section
3 shall not apply with respect to any Transfer of Covered Securities, other than
Class B Stock, by any Securityholder (i) in the case of a Securityholder who is
an individual, pursuant to applicable laws of descent and distribution or among
such individual's Family Group, (ii) in the case of a Securityholder which is an
entity, among such entity's Affiliates or a Transfer by such Securityholder as a
pledge to a trustee for the benefit of secured noteholders pursuant to documents
related to the financing of such Securityholder, (iii) as a pledge of
Securityholder Units owned by any of the Executives to the Company or its
Subsidiaries in connection with any loan(s) to purchase such units and (iv) to
the Company pursuant to the Redemption Agreement; provided that the restrictions
contained in this Section 3 shall continue to be applicable to the Covered
Securities after any of the foregoing Transfers, and provided further that the
transferees of such Covered Securities shall have agreed in writing to be bound
by the provisions of this Agreement which affect the Covered Securities so
transferred. The restrictions contained in this Section 3 shall not apply with
respect to (i) any Transfer of Class B Stock by any Securityholder to any Class
B Affiliate or (ii) any Transfer of Class B Stock that constitutes a bona fide
pledge of such Class B Stock as collateral security for indebtedness due to the
pledgee, provided, however, that such shares shall not be transferred to,
registered in the name of or voted by the pledgee. All transferees permitted
under this Section 3(c) are collectively referred to herein as "Permitted
Transferees." Each Permitted Transferee shall be deemed a Securityholder for
purposes of this Agreement.

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            (d) Other Agreements. Notwithstanding anything herein to the
contrary, the rights of any Securityholder to Transfer any Covered Securities
pursuant to the terms of this Agreement shall be subject to all such other
limitations and restrictions, if any, to which such Securityholder or such
Covered Securities are subject, including, by way of example but not in
limitation of the foregoing, the Equity Participation Agreements to which
certain of the Securityholders are party.

            (e) Termination of Restrictions. The restrictions set forth in this
Section 3 shall continue with respect to each Covered Security until the earlier
of (i) the transfer of such Covered Security in a Public Sale, or (ii) the
consummation of a Sale of the Company or a Qualified Public Offering.

      4. Pre-Emptive Rights. Except for issuances of equity securities of the
Company

                  (i) pursuant to a public offering registered under the
            Securities Act,

                  (ii) to employees or Outside Managers of the Company or its
            Subsidiaries,

                  (iii) as payment of all or a portion of the purchase price of
            any business or assets thereof acquired by the Company or any of its
            Subsidiaries,

                  (iv) to landlords, lessors or lenders in connection with any
            bona fide lease arrangement or financing,

                  (v) to consultants, financial advisors or vendors as payment
            for services or products,

                  (vi) to a strategic partner upon entering into a long-term
            business relationship with such Person,

                  (vii) upon the exercise of any option or other right described
            in any of clauses (i) through (vii) above, or

                  (viii) pursuant to the Redemption Agreement,

            if the Company authorizes the issuance or sale of any Common Units
or any securities convertible, exchangeable or exercisable for Common Units, the
Company shall offer to sell to each Securityholder that is a holder of Common
Units, at the same price and on the same terms, a portion of such units or
securities equal to the quotient determined by dividing (1) the number of Common
Units (other than Unvested Units) held by such Securityholder by (ii) the total
number of Common Units (other than Unvested Units) outstanding, in each case on
a Fully Diluted Basis (other than Unvested Units). Each holder of Common Units
shall be entitled to purchase such units or securities at the most favorable
price and on the most favorable terms as such units or securities are to be
offered to any other Persons; provided that if all Persons entitled to purchase
or receive such units or securities are required to also purchase other
securities of the Company, the Securityholders exercising their rights pursuant
to this Section 4(a) shall also be required to purchase the same strip of
securities (on the same terms and

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conditions) that such other Persons are required to purchase. The purchase price
for all units and securities to be offered to the holders of Securityholder
Units shall be payable in cash or, to the extent otherwise required hereunder,
notes issued by such holders.

            (b) In order to exercise its purchase rights hereunder, a holder of
Securityholder Units must within fifteen (15) days after receipt of written
notice from the Company describing in reasonable detail the units or securities
being offered, the purchase price thereof, the payment terms and such
Securityholder's percentage allotment, deliver a written notice to the Company
describing its election hereunder.

            (c) Upon the expiration of the offering period described above, the
Company shall be entitled to sell such units or securities which the holders of
Securityholder Units have not elected to purchase during the ninety (90) days
following such expiration on terms and conditions no more favorable to the
purchasers thereof than those offered to such holders. Any such securities
offered or sold by the Company after such 90-day period must be reoffered to the
holders of Securityholder Units pursuant to the terms of this Section 4.

            (d) The rights set forth in this Section 4 shall continue with
respect to each Securityholder Unit until the earlier of (i) the transfer of
such Securityholder Unit in a Public Sale, or (ii) the consummation of a Sale of
the Company or a Qualified Public Offering.

      5.    Sale of the Company.

            (a) If the Board and the holders of a majority of the Common Units
then outstanding approve a sale of all or substantially all of the Company's
assets determined on a consolidated basis or a sale of all or substantially all
of the Company's outstanding securities (whether by merger, recapitalization,
consolidation, reorganization, combination or otherwise) to any other Person
that is not an Affiliate of a Securityholder in a bona fide, arms-length
transaction (collectively, a "Sale of the Company"), each holder of
Securityholder Units shall vote for, consent to, and raise no objections
against, such Sale of the Company. If the Sale of the Company is structured as
(i) a merger or consolidation, each holder of Securityholder Units shall waive
any dissenters rights, appraisal rights or similar rights in connection with
such merger or consolidation, or (ii) a sale of securities, each holder of
Securityholder Units shall agree to sell all of its Securityholder Units (other
than Class B Preferred Units) and rights to acquire Securityholder Units (other
than any rights with respect to Class B Preferred Units) on the terms and
conditions approved by the Board and the holders of a majority of the Common
Units then outstanding. Each holder of Securityholder Units shall take all
necessary or desirable actions in connection with the consummation of the Sale
of the Company as requested by the Company.

            (b) The obligations of the holders of Securityholder Units with
respect to the Sale of the Company are subject to the satisfaction of the
following conditions: (i) upon the consummation of the Sale of the Company, each
holder of a class of Securityholder Units shall receive the same form of
consideration; (ii) if any holders of a class of Securityholder Units are given
an option as to the form and amount of consideration to be received, each holder
of such class of Securityholder Units shall be given the same option; and (iii)
each holder of then currently exercisable rights to acquire units of a class of
Securityholder Units shall be given an opportunity to either (A) exercise such
rights prior to the consummation of the Sale of the

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Company and participate in such sale as holders of such class of Securityholder
Units or (B) upon the consummation of the Sale of the Company, receive in
exchange for such rights consideration equal to the amount determined by
multiplying (1) the same amount of consideration per unit received by holders of
such class of Securityholder Units in connection with the Sale of the Company
less the exercise price per unit of such rights to acquire such class of
Securityholder Units by (2) the number of units of such class of Securityholder
Units represented by such rights.

            (c) The provisions of this Section 5 shall terminate upon the
consummation of a Qualified Public Offering.

      6. Initial Public Offering. In the event that the Board and the holders of
a majority of the Common Units then outstanding approve an Initial Public
Offering as contemplated by Section 15.7 of the LLC Agreement, the holders of
Securityholder Units shall take all necessary or desirable actions in connection
with the consummation of the Initial Public Offering. In the event that such
Initial Public Offering is an underwritten offering and the managing
underwriters advise the Company in writing that in their opinion the Company's
capital structure would adversely affect the marketability of the offering:

                  (i) each Securityholder who is a holder of units of the
            Company's Class A Preferred Units shall consent to and vote for a
            recapitalization, reorganization and/or exchange of the Company's
            Class A Preferred Units into securities or other consideration that
            the managing underwriters, the Board and the holders of at least a
            majority of the units of Class A Preferred Units then outstanding
            find acceptable and shall take all necessary or desirable actions in
            connection with the consummation of the recapitalization,
            reorganization and/or exchange;

                  (ii) each Securityholder who is a holder of units of the
            Company's Class B Preferred Units shall consent to and vote for a
            recapitalization, reorganization and/or exchange of the Company's
            Class B Preferred Units into securities that the managing
            underwriters, the Board and the holders of at least 70% of the units
            of Class B Preferred Units then outstanding find acceptable and
            shall take all necessary or desirable actions in connection with the
            consummation of the recapitalization, reorganization and/or
            exchange; provided that each holder of Class B Preferred Units shall
            receive the same type of security with the same value per unit;

                  (iii) each Securityholder who is a holder of units of the
            Company's Class C Preferred Units shall consent to and vote for a
            recapitalization, reorganization and/or exchange of the Company's
            Class C Preferred Units into securities that the managing
            underwriters, the Board and the holders of a majority of the units
            of Class C Preferred Units then outstanding find acceptable and
            shall take all necessary or desirable actions in connection with the
            consummation of the recapitalization, reorganization and/or
            exchange; provided that each holder of Class C Preferred Units shall
            receive the same type of security with the same value per unit; and

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                  (iv) each Securityholder who is a holder of units of the
            Company's Common Units shall consent to and vote for a
            recapitalization, reorganization and/or exchange of the Company's
            Common Units into securities that the managing underwriters, the
            Board and the holders of a majority of the units of Common Units
            then outstanding find acceptable and shall take all necessary or
            desirable actions in connection with the consummation of the
            recapitalization, reorganization and/or exchange; provided that each
            holder of Common Units shall receive the same type of security with
            the same value per unit.

      7. Legend. Each certificate issued after the date hereof evidencing
Covered Securities and each certificate issued in exchange for or upon the
transfer of any Covered Securities (if such units remain Covered Securities
after such transfer) shall be stamped or otherwise imprinted with a legend in
substantially the following form:

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN AMENDED
      AND RESTATED SECURITYHOLDERS AGREEMENT DATED AS OF NOVEMBER [__], 2004,
      AMONG THE ISSUER OF SUCH SECURITIES (THE "COMPANY") AND CERTAIN OF THE
      COMPANY'S SECURITYHOLDERS, AS AMENDED AND MODIFIED FROM TIME TO TIME. A
      COPY OF SUCH SECURITYHOLDERS AGREEMENT SHALL BE FURNISHED WITHOUT CHARGE
      BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST.

      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED FROM TIME TO TIME (THE
      "ACT"), AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION
      THEREUNDER."

            The Company shall imprint, or in the case of CSC Securities, CSC
shall cause its transfer agent to imprint, such legend on all certificates
evidencing Covered Securities outstanding from time to time. The legend set
forth above shall be removed from the certificates evidencing any securities
which cease to be Covered Securities, transferred pursuant to a Public Sale or
upon termination of the Agreement.

      8. Conditions to Transfer.

            (a) Prior to transferring any Covered Securities (other than in a
Public Sale, a Sale of the Company or a Transfer to the Company or to a
Securityholder) to any Person, the transferring holders of Covered Securities
shall cause the prospective transferee to execute and deliver to the Company,
for the benefit of the Company and the other Securityholders, a counterpart of
this Agreement pursuant to which such transferee agrees to be bound as a
"Securityholder" by the provisions of this Agreement.

            (b) Prior to the consummation of any Transfer of Covered Securities,
the transferring Securityholder shall obtain and deliver to the Company, in the
case of a Transfer of

                                       10
<PAGE>

Securityholder Units, or CSC, in the case of a Transfer of CSC Securities, a
Certificate of Transfer substantially in the form attached hereto as Exhibit A
from each transferee of the Transferred Covered Securities.

      9. Definitions.

      "Affiliate" of a Person means any direct or indirect general or limited
partner or member of such Person, or any employee or owner thereof, or any other
person, entity or investment fund controlling, controlled by or under common
control with such Person, and will include, without limitation, its owners and
employees. An Affiliate of TCW/Crescent Purchasers shall be deemed to include
any TCW/Crescent Purchaser and any of their Affiliates.

      "Agreement" has the meaning set forth in the preamble hereto.

      "Available Units" has the meaning set forth in Section 3(b) hereto.

      "Board" has the meaning set forth in the eleventh recital paragraph
hereto.

      "Class A Stock" means CSC's Class A Common Stock, par value $0.01 per
share.

      "Class B Affiliate" has the meaning set forth in the CSC Charter.

      "Class B Stock" has the meaning set forth in the recitals.

      "Common Units" means the Company's Common Units.

      "Company" has the meaning set forth in the preamble hereto.

      "Covered Securities" means all Securityholder Units and CSC Securities.

      "CSC" has the meaning set forth in the preamble.

      "CSC Charter" means CSC's Amended and Restated Certificate of
Incorporation, as in effect on the date hereof and as the same may be amended,
amended and restated, or otherwise modified from time to time.

      "CSC Securities" means any of the following securities to the extent they
are issued by the Company to Securityholders by way a distribution, redemption
of or otherwise in respect of their Securityholder Units: (i) Class B Stock; or
(ii) any securities or rights issued or issuable directly or indirectly with
respect to the securities and referred to in clauses (i) and (ii) above by way
of a stock dividend or stock split or in connection with a combination of
shares, recapitalization, merger, consolidation or other reorganization. As to
any particular CSC Securities, such securities shall cease to be CSC Securities
when they have been disposed of in a Public Sale or repurchased by the Company
or any Subsidiary.

      "Equity Participation Agreements" means, collectively, those Equity
Participation Agreements entered into between the Company, and each of the
employees of Coinmach Corporation that have acquired Equity Securities of the
Company, and any other agreements for

                                       11
<PAGE>

the sale of Equity Securities between the Company and any employees of the LLC
or its Subsidiaries which are designated as "Equity Participation Agreements" by
the Board.

      "Executives" has the meaning set forth in the preamble hereto.

      "Family Group" means with respect to any Person, their spouse and
descendants (whether natural or adopted), any trust solely for the benefit of
such Person and/or their spouse and/or descendants, and any retirement plan for
the Person.

      "Fully Diluted Basis" means, without duplication, (i) all Common Units
outstanding at the time of determination plus (ii) all Common Units issuable
upon conversion of any convertible securities or the exercise of any option,
warrant or similar right, whether or not such conversion, right or option,
warrant or similar right is then exercisable.

      "GIC" means Filbert Investment Pte Ltd.

      "GIC Manager" has the meaning set forth in Section 1(a)(ii)(4) hereto.

      "GTCR-CLC" has the meaning set forth in the preamble hereto.

      "GTCR Contribution Agreement" has the meaning set forth in the seventh
recital paragraph hereto.

      "GTCR Managers" has the meaning set forth in Section 1(a)(ii)(1) hereto.

      "Initial Public Offering" means the first sale after the date hereof in an
underwritten public offering registered under the Securities Act (other than on
Form S-8 or a similar form) of equity securities of the Company (or any
successor thereto).

      "Investors" has the meaning set forth in the preamble hereto.

      "LLC Agreement" means that certain Limited Liability Company Agreement of
the Company, dated as of March 6, 2003, as amended, amended and restated or
otherwise modified from time to time.

      "Management Contribution Agreements" means those certain Management
Contribution Agreements by and between each Executive and the Company, dated as
of March 6, 2003.

      "Management Manager" has the meaning set forth in Section 1(a)(ii)(2)
hereto.

      "Minority Transferor" has the meaning set forth in Section 3(b) hereto.

      "Observer(s)" has the meaning set forth in Section 1(e) hereto.

      "Other Securityholders" has the meaning set forth in Section 3(a) hereto.

      "Outside Managers" has the meaning set forth in Section 1(a)(ii)(3)
hereto.

      "Participating Securityholders" has the meaning set forth in Section 3(a)
hereto.

                                       12
<PAGE>

      "Permitted Transferees" has the meaning set forth in Section 3(c) hereto.

      "Person" means an individual, a partnership, a corporation, a limited
liability company, an association, a joint stock company, a trust, a joint
venture, an unincorporated organization and a governmental entity or any
department, agency or political subdivision thereof.

      "Public Sale" means any sale of Covered Securities to the public pursuant
to an offering registered under the Securities Act or to the public through a
broker, dealer or market maker pursuant to the provisions of Rule 144 adopted
under the Securities Act (other than Rule 144(k) prior to an Initial Public
Offering).

      "Qualified Public Offering" means the first sale after the date hereof in
an underwritten public offering registered under the Securities Act (other than
on Form S-8 or a similar form) of equity securities of the Company (or any
successor thereto) having an aggregate offering value of at least $25 million.

      "Redemption Agreement" means that certain Redemption Agreement, dated as
of November 10, 2004, by and among the Company and the Securityholders parties
thereto, as amended or otherwise modified from time to time.

      "Sale Notice" has the meaning set forth in Section 3(a) hereto.

      "Sale of the Company" has the meaning set forth in Section 5(a) hereto.

      "Securities Act" means the Securities Act of 1933, as amended from time to
time.

      "Securityholder(s)" has the meaning set forth in the preamble hereto.

      "Securityholder Units" means (i) any units of the Company purchased or
otherwise acquired by any Securityholder, (ii) any units or other securities
convertible into or exchangeable for, directly or indirectly, any units of the
Company, purchased or otherwise acquired by any Securityholder, whether or not
then convertible or exchangeable, and (iii) any securities or rights (other than
CSC Securities) issued or issuable directly or indirectly with respect to the
securities and rights referred to in clauses (i) and (ii) above by way of unit
dividend or unit split or in connection with a combination of units,
recapitalization, merger, consolidation or other reorganization. As to any
particular Securityholder Units, such units shall cease to be Securityholder
Units when they have been disposed of in a Public Sale or repurchased by the
Company or any Subsidiary.

      "Senior Management Agreements" means those Senior Management Agreements
between Coinmach Corporation and certain of the Executives dated on or before
March 6, 2003.

      "Significant Securityholder" has the meaning set forth in Section 3(a)
hereto.

      "Subsidiary" means, with respect to any Person, any corporation, limited
liability company, partnership, association or other business entity of which
(i) if a corporation, a majority of the total voting power of shares of stock
entitled (without regard to the occurrence of any contingency) to vote in the
election of directors, managers or trustees thereof is at the time

                                       13
<PAGE>

owned or controlled, directly or indirectly, by that Person or one or more of
the other Subsidiaries of that Person or a combination thereof, or (ii) if a
limited liability company, partnership, association or other business entity, a
majority of the limited liability company, partnership or other similar
ownership interest thereof is at the time owned or controlled, directly or
indirectly, by any Person or one or more Subsidiaries of that Person or a
combination thereof. For purposes hereof, a Person or Persons shall be deemed to
have a majority ownership interest in a limited liability company, partnership,
association or other business entity if such Person or Persons shall be
allocated a majority of limited liability company, partnership, association or
other business entity gains or losses or shall be or control the managing
director or general partner of such limited liability company, partnership,
association or other business entity. References to any "Subsidiary" of the
Company shall be given effect only at such times as the Company has one or more
Subsidiaries.

      "TCW/Crescent Purchasers" means, collectively, TCW/Crescent Mezzanine
Partners II, L.P., a Delaware limited partnership, TCW/Crescent Mezzanine Trust
II, a Delaware business trust, TCW Leverage Income Trust, L.P., a Delaware
limited partnership, TCW Leveraged Income Trust II, L.P., a Delaware limited
partnership, and TCW Leveraged Income Trust IV, L.P., a Delaware limited
partnership, any of their Affiliates or any holder of Securityholder Units for
whom Trust Company of the West or any Affiliate of Trust Company of the West
acts as an Account Manager (each individually a "TCW/Crescent Purchaser").

      "Threshold Amount" means, (i) with respect to any class of Securityholder
Units, 15% of such class, (ii) with respect to any class of CSC Securities,
other than Class B Stock, 15% of the aggregate number of shares of such class
held by all Securityholders at the time of determination, and (iii) with respect
to the Class B Stock, any amount of Class B Stock.

      "Transfer" has the meaning set forth in Section 3 hereto.

      "Transfer Notice" has the meaning set forth in Section 3(b) hereto.

      10. Transfers in Violation of Agreement. Any Transfer or attempted
Transfer of any Securityholder Units in violation of any provision of this
Agreement shall be void, and the Company shall not record such Transfer on its
books or treat any purported transferee(s) of such Securityholder Units as the
owner of such securities for any purpose.

      11. Amendment and Waiver. Except as otherwise provided herein, no
modification, amendment, or waiver of any provision of this Agreement shall be
effective against the Company or the Securityholders unless such modification,
amendment, or waiver is approved in writing by the Company and Securityholders
holding at least a majority of the Common Units (for the purpose of such
determination, Common Units that were surrendered, exchanged or redeemed for CSC
Securities shall be treated as outstanding); provided that no such amendment or
modification that would materially and adversely affect holders of one class or
series of Units in a manner different than holders of any other class or series
of Covered Securities shall be effective against the holders of such class or
group of Covered Securities without the prior written consent of (i) in the case
of Common Units or Class C Preferred Units, holders of at least a majority of
Securityholder Units of such class or group materially and adversely affected
thereby, (ii) in the case of Class B Preferred Units, at least 70% of
Securityholder Units of such

                                       14
<PAGE>

class or (iii) in the case of CSC Securities, holders of at least a majority of
the shares of Class B Stock comprising such CSC Securities. Notwithstanding the
foregoing, Schedule A hereto shall be amended to reflect the Units held by the
Securityholders following the consummation of the transactions contemplated by
the Redemption Agreement. No failure by any party to insist upon the strict
performance of any covenant, duty, agreement, or condition of this Agreement or
to exercise any right or remedy consequent upon a breach thereof shall
constitute a waiver of any such breach or any other covenant, duty, agreement,
or condition.

      12. Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
the validity, legality or enforceability of any other provision of this
Agreement in such jurisdiction or affect the validity, legality or
enforceability of any provision in any other jurisdiction, but this Agreement
shall be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein.

      13. Entire Agreement. Except as otherwise expressly set forth herein, this
Agreement embodies the complete agreement and understanding among the parties
hereto with respect to the subject matter hereof and supersedes and preempts any
prior understandings, agreements or representations by or among the parties,
written or oral, which may have related to the subject matter hereof in any way.

      14. Successors and Assigns. Except as otherwise provided herein, this
Agreement shall bind and inure to the benefit of and be enforceable by the
Company and its successors and assigns and the Securityholders and any
subsequent holders of Securityholder Units and the respective successors and
assigns of each of them, so long as they hold Securityholder Units; provided,
however, notwithstanding anything herein to the contrary, the rights of Messrs.
Mitchell Blatt and Robert Doyle and GIC and TCW/Crescent Purchasers under
Sections 1(a)(ii)(4) and 1(e) hereof, as applicable, shall not be assignable to
any other Person (other than to an Affiliate in the case of TCW/Crescent
Purchasers) except with the prior written consent of the Company.

      15. Counterparts. This Agreement may be executed in multiple counterparts
(including by means of telecopied signature pages), each of which shall be an
original and all of which taken together shall constitute one and the same
agreement.

      16. Remedies. The Company and the Securityholders shall be entitled to
enforce their rights under this Agreement specifically, to recover damages by
reason of any breach of any provision of this Agreement and to exercise all
other rights existing in their favor. The parties hereto agree and acknowledge
that money damages would not be an adequate remedy for any breach of the
provisions of this Agreement and that the Company or any Securityholder may in
its sole discretion apply to any court of law or equity of competent
jurisdiction for specific performance and/or injunctive relief (without posting
a bond or other security) in order to enforce or prevent any violation of the
provisions of this Agreement.

                                       15
<PAGE>

      17. Notices. Any notice provided for in this Agreement shall be in writing
and shall be either personally delivered, or mailed first class mail (postage
prepaid) or sent by reputable overnight courier service (charges prepaid) to the
Company at the address set forth below, to each Executive at the address
indicated on the Schedule of Executives attached hereto, to GTCR-CLC and each
Investor at the address indicated on the Schedule of Investors attached hereto
and to any subsequent holder of Securityholder Units subject to this Agreement
at such address as indicated by the Company's records, or at such address or to
the attention of such other person as the recipient party has specified by prior
written notice to the sending party. Notices shall be deemed to have been given
hereunder when delivered personally, three days after deposit in the U.S. mail
and one day after deposit with a reputable overnight courier service. Notices
shall be sent to the Company and GTCR-CLC at the following addresses:

      If to the Company:

            Coinmach Holdings, LLC
            c/o Coinmach Laundry Corporation
            521 East Morehead
            Charlotte, NC 28202
            Attention: Stephen R. Kerrigan

      with copies, which will not constitute notice to the Company, to:

            GTCR Fund VII, L.P.
            c/o GTCR Golder Rauner, L.L.C.
            6100 Sears Tower
            Chicago, IL 60606-6402
            Attention: David A. Donnini

            Kirkland & Ellis LLP
            200 East Randolph Drive
            Chicago, IL 60601
            Attention: Stephen L. Ritchie, P.C.

            Mayer, Brown, Rowe & Maw LLP
            1675 Broadway
            New York, NY 10019
            Attention: Ronald S. Brody, Esq.

      If to GTCR-CLC:

            GTCR-CLC, LLC
            c/o GTCR Golder Rauner, L.L.C.
            6100 Sears Tower
            Chicago, IL  60606-6402
            Attention:  David A. Donnini

      with a copy, which will not constitute notice to GTCR-CLC, to:

                                       16
<PAGE>
            Kirkland & Ellis LLP
            200 East Randolph Drive
            Chicago, IL 60601
            Attention: Stephen L. Ritchie, P.C.

      18. Governing Law. All issues and questions concerning the construction,
validity, interpretation and enforceability of this Agreement and the exhibits
and schedules hereto shall be governed by, and construed in accordance with, the
laws of the State of Delaware, without giving effect to any choice of law or
conflict of law rules or provisions (whether of the State of Delaware or any
other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Delaware.

      19. Descriptive Headings. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

                                     * * * *

                                       17
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Securityholders
Agreement on the day and year first above written.

                                       COINMACH HOLDINGS, LLC

                                       By:______________________________________
                                       Name: Robert M. Doyle
                                       Its: Chief Financial Officer

                                       COINMACH SERVICE CORP.

                                       By:______________________________________
                                       Name: Robert M. Doyle
                                       Its: Chief Financial Officer

                                       GTCR-CLC, LLC

                                       By:  GTCR Fund VII, L.P.
                                       Its: Managing Member

                                       By:  GTCR Partners VII, L.P.
                                       Its: General Partner

                                       By:  GTCR Golder Rauner, L.L.C.
                                       Its: General Partner

                                       By:______________________________________
                                       Name: David A. Donnini
                                       Its:  Principal

<PAGE>

                                       TCW/CRESCENT MEZZANINE PARTNERS II, L.P.
                                       TCW/CRESCENT MEZZANINE TRUST II

                                       By: TCW/Crescent Mezzanine II, L.L.C.,
                                           as investment manager

                                       By: TCW/Crescent Mezzanine, L.L.C., its
                                           managing owner

                                       By:______________________________________
                                       Name:
                                       Title:

                                       TCW LEVERAGED INCOME TRUST, L.P.

                                       By: TCW Advisors (Bermuda), Ltd., as
                                           general partner

                                       By:______________________________________
                                       Name:
                                       Title:

                                       By: TCW Investment Management Company,
                                           as Investment Advisor

                                       By:______________________________________
                                       Name:
                                       Title:
<PAGE>

                       TCW LEVERAGED INCOME TRUST II, L.P.

                       By: TCW (LINC II), L.P.,
                           as general partner

                       By: TCW Advisors (Bermuda), Ltd.,
                           as general partner

                       By: __________________________________________
                       Name:
                       Title:

                       By: TCW Investment Management Company,
                           as Investment Advisor

                       By: __________________________________________
                       Name:
                       Title:

                       TCW LEVERAGED INCOME TRUST IV, L.P.

                       By: TCW Asset Management Company, as Investment
                       Advisor

                       By: __________________________________________
                       Name:
                       Title:

                       By: TCW Asset Management Company, as managing
                           member
                           of TCW (LINC IV), L.L.C., the general partner

                       By: __________________________________________
                       Name:
                       Title:

<PAGE>

                         JEFFERIES & COMPANY, INC.

                         By:  _________________________________________
                         Name:
                         Its:

                         FILBERT INVESTMENT PTE LTD.

                         By:  _________________________________________
                         Name:
                         Title:

<PAGE>

                         MCS CAPITAL, INC.

                         By: __________________________________________
                         Name: Stephen R. Kerrigan
                         Title: President

<PAGE>

                              ____________________________________
                              Stephen R. Kerrigan

                              ____________________________________
                              Mitchell Blatt

                              ____________________________________
                              Robert M. Doyle

                              ____________________________________
                              Michael E. Stanky

                              ____________________________________
                              James N. Chapman

<PAGE>

SCHEDULE OF SECURITYHOLDERS

<TABLE>
<CAPTION>
                                                                             NUMBER AND CLASS OF
                            NAME                                             SECURITYHOLDER UNITS
-----------------------------------------------------------------         --------------------------
<S>                                                                       <C>
GTCR-CLC..........................................................        56,258.12 Class C Preferred
                                                                          116,133,474 Common

Filbert Investment Pte Ltd........................................        28,221.94 Class C Preferred
                                                                          15,384,615 Common

TCW Crescent Mezzanine Partners II, L.P...........................        9,086.27 Class C Preferred
                                                                          4,953,193 Common

TCW Crescent Mezzanine Trust II...................................        2,202.51 Class C Preferred
                                                                          1,200,655 Common

TCW Leverage Income Trust, L.P....................................        940.73 Class C Preferred
                                                                          512,821 Common

TCW Leveraged Income Trust II, L.P................................        940.73 Class C Preferred
                                                                          512,821 Common

TCW Leveraged Income Trust IV, L.P................................        940.73 Class C Preferred
                                                                          512,821 Common

Jefferies & Company...............................................        484.43 Class C Preferred
                                                                          1,000,000 Common

MCS Capital, Inc. (Stephen R. Kerrigan)...........................        1,553.05 Class C Preferred
                                                                          8,320,914 Common

Mitchell Blatt....................................................        2,062.95 Class C Preferred
                                                                          7,376,400 Common

Michael E. Stanky.................................................        197.83 Class C Preferred
                                                                          2,058,122 Common

Robert M. Doyle...................................................        410.50 Class C Preferred
                                                                          847,405 Common

James N. Chapman..................................................        59.09 Class C Preferred
                                                                          756,436 Common
</TABLE>

<PAGE>

SCHEDULE OF EXECUTIVES

Name and Address

Stephen R. Kerrigan
c/o Coinmach Laundry Corporation
521 East Morehead
Charlotte, NC 28202

         with a copy to:

         Mayer, Brown, Rowe & Maw LLP
         1675 Broadway
         New York, NY 10019
         Attention: Ronald S. Brody, Esq.

Mitchell Blatt
31 Wilmington Drive
Dix Hills, NY 11747

         with a copy to:

         Mayer, Brown, Rowe & Maw LLP
         1675 Broadway
         New York, NY 10019
         Attention: Ronald S. Brody, Esq.

Robert M. Doyle
53 Sheryl Crescent
Smithtown, NY 11787

         with a copy to:

         Mayer, Brown, Rowe & Maw LLP
         1675 Broadway
         New York, NY 10019
         Attention: Ronald S. Brody, Esq.

Michael E. Stanky
c/o Coinmach Laundry Corporation
521 East Morehead
Charlotte, NC 28202

         with a copy to:

         Mayer, Brown, Rowe & Maw LLP
         1675 Broadway
         New York, NY 10019
         Attention: Ronald S. Brody, Esq.

<PAGE>

James N. Chapman
521 East Morehead
Charlotte, NC 28202

         with a copy to:

         Mayer, Brown, Rowe & Maw LLP
         1675 Broadway
         New York, NY 10019
         Attention: Ronald S. Brody, Esq.

<PAGE>

SCHEDULE OF INVESTORS

FILBERT INVESTMENT PTE LTD
c/o GIC Special Investments
255 Shoreline Drive, Suite 600
Redwood City, CA 94107

with a copy to:

         Heller Ehrman White & McAuliffe LLP
         333 Bush Street
         San Francisco, CA 94104
         Attention: Randall B. Schai

TCW/CRESCENT MEZZANINE PARTNERS II, L.P.
TCW/CRESCENT MEZZANINE TRUST II
TCW LEVERAGE INCOME TRUST, L.P.
TCW LEVERAGED INCOME TRUST II, L.P.
TCW LEVERAGED INCOME TRUST IV, L.P.

c/o TCW Crescent Mezzanine L.L.C.
200 Crescent Court, Suite 1600
Dallas, Texas 75201
Attention: Timothy P. Costello

with a copy to:

         Gary B. Clark
         Gardere Wynne Sewell LLP
         1601 Elm Street
         3000 Thanksgiving Tower
         Dallas, Texas 75201

Jefferies & Company, Inc.
11100 Santa Monica Blvd., 10th Floor
Los Angeles, California 90025
Attention: Dan Esters

<PAGE>

EXHIBIT A

                             CERTIFICATE OF TRANSFER

                                                                [Date]

[Coinmach Holdings, LLC]/
[Coinmach Service Corp.]
303 Sunnyside Blvd., Suite 70
Plainview, NY  11803
Attention: Robert M. Doyle

Dear Sirs:

      In connection with the purchase or other acquisition by the undersigned of
the securities (the "OFFERED SECURITIES") of [Coinmach Holdings, LLC]/[Coinmach
Service Corp.] (the "COMPANY"), the undersigned hereby makes the following
representations, warranties and covenants to and for the benefit of the Company:

      1. (A) the purchase or other acquisition by the undersigned of the Offered
Securities has not been registered under the United States Securities Act of
1933, as amended (the "SECURITIES ACT") by reason of the reliance on an
exemption from registration requirements under the Securities Act, (B) the
Offered Securities have been acquired solely by and for the undersigned and have
been acquired for investment purposes only, and are not being purchased or
otherwise acquired for subdivision, fractionalization, resale or distribution
and the undersigned has no contract, undertaking, agreement or arrangement to
sell, transfer or pledge to anyone else the Offered Securities (or any portion
thereof) which the undersigned has purchased or otherwise acquired, and the
undersigned has no present plans or intentions to enter into any such contract,
undertaking, agreement or arrangement, (C) the undersigned understands and
agrees that the Offered Securities being sold or otherwise transferred to the
undersigned must be held indefinitely by the undersigned unless they are
subsequently registered under the Securities Act or a transfer or sale is made
pursuant to an exemption from such registration, including, for example,
pursuant to Rule 144 under the Securities Act and that the Company has no
agreements in respect of registering the Offered Securities under the Securities
Act, and (D) the undersigned's financial condition is such that the undersigned
is not under any present necessity or constraint, and does not foresee in the
future any necessity or constraint, to dispose of these Offered Securities to
satisfy any existing or contemplated debt or undertaking;

      2. the undersigned understands that all certificates representing the
Offered Securities shall be endorsed as follows:

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN AMENDED
      AND RESTATED SECURITYHOLDERS AGREEMENT DATED AS OF NOVEMBER [__], 2004,
      AMONG THE ISSUER OF SUCH SECURITIES (THE "COMPANY") AND CERTAIN OF THE
      COMPANY'S SECURITYHOLDERS, AS

                                       A-1

<PAGE>

      AMENDED AND MODIFIED FROM TIME TO TIME. A COPY OF SUCH SECURITYHOLDERS
      AGREEMENT SHALL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER
      HEREOF UPON WRITTEN REQUEST.

      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED FROM TIME TO TIME (THE
      "ACT"), AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION
      THEREUNDER."

      3. the undersigned: (A) is aware of the Company's business affairs and
financial condition, (B) has made an informed and knowledgeable investment
decision with respect to its purchase or other acquisition of the Offered
Securities and (C) has such business and financial experience as is required to
give it the capacity to protect its own interests in connection with the
purchase or other acquisition of the Offered Securities;

      4. the undersigned: (A) has not and will not solicit offers for, or offer
or resell, the Offered Securities by means of any general solicitation or
general advertising within the meaning of Rule 502(c) under Regulation D under
the Securities Act, and (B) has not engaged and will not engage in any directed
selling efforts with respect to the Offered Securities sold pursuant to
Regulation S under the Securities Act ("REGULATION S");

      5. the undersigned will offer and sell the Offered Securities only: (A)
outside the United States to a person other than a "U.S. person" within the
meaning of Regulation S, not acting for the account or benefit of a "U.S.
person," which is acquiring Offered Securities in a transaction meeting the
requirements of Regulation S, (B) to institutional investors that are reasonably
believed by it to qualify as Qualified Institutional Buyers as that term is
defined in Rule 144A of the Securities Act ("RULE 144A") in transactions meeting
the requirements of Rule 144A, (C) in a transaction otherwise exempt from the
Securities Act, or (D) pursuant to registration under the Securities Act;

      6. if the undersigned consummates a sale or other transfer of the Offered
Securities on or after the date hereof, prior to such sale or transfer it will
have obtained and delivered to the Company an executed certificate of transfer
in the form of this Certificate of Transfer (the "CERTIFICATE OF TRANSFER") for
the benefit of the Company from each purchaser or transferee of the Offered
Securities (each, a "SUBSEQUENT BUYER");

      7. the undersigned understands that no public market now exists for the
Offered Securities and that the Company has made no assurances that a public
market will ever exist for any of the Offered Securities;

      8. the undersigned has the legal capacity, power and authority to, and has
taken all corporate action necessary to, enter into and perform all of its
obligations under this Certificate of Transfer;

      9. the execution, delivery and performance by the undersigned of this
Certificate of Transfer and each transaction contemplated by this Certificate of
Transfer as being performed by it will not violate a provision of its charter,
articles of organization, bylaws, constitution or other constituent or
organizational documents or any other agreement or document which is binding on
it or its assets;

      10. in acquiring the Offered Securities, the undersigned has acquired all
of the outstanding securities of the Company (other than short-term paper) owned
or beneficially owned by the transferor,

                                       A-2

<PAGE>

or, if that is not the case, the undersigned will promptly notify the Company of
that fact prior to acquiring the Offered Securities and will assist the Company
as needed or requested for the Company to determine that the acquisition of the
Offered Securities by the undersigned would not require the Company to register
as an investment company under the United States Investment Company Act of 1940,
as amended (the "INVESTMENT COMPANY ACT");

      11. (A) if the undersigned is a natural person, he or she has acquired the
Offered Securities solely for his or her own benefit, except that the
undersigned may have acquired the Offered Securities jointly with his or her
spouse; or (B) if the undersigned is not a natural person, (i) it was not formed
for the purpose of investing in the Company or to permit the Company to avoid
classification as an investment company under the Investment Company Act; (ii)
not more than 40% of its assets will be invested in interests of the Company;
(iii) it (as opposed to its equity owners or beneficial owners) is not making
this investment with a principal purpose of enabling the Company to avoid
"publicly traded" partnership status under the United States Internal Revenue
Code of 1986, as may be amended from time to time; (iv) it is not an "investment
company" within the meaning of the Investment Company Act and it also would not
be an investment company but for the exceptions to the definitions of investment
company provided by Sections 3(c)(1) or 3(c)(7) thereof; (v) the holders of
equity or beneficial interests in it are not able to decide individually whether
to participate, or the extent of their participation in the undersigned's
investment in the Company; (vi) it is not a "defined contribution plan" within
the meaning of the United States Employee Retirement Income Security Act of
1974, as amended, which allows participants to determine whether or how much
will be invested in investments on their behalf; and (vii) no persons other than
the undersigned will have a beneficial interest in the interests of the Company
being acquired pursuant to this Certificate of Transfer (other than as a
shareholder, partner or other beneficial owner of an equity interest in the
undersigned); or (C) if neither SUBCLAUSE (A) nor (B) is true as of the date of
transfer, the undersigned will promptly notify the Company of that fact prior to
acquiring the Offered Securities and will assist the Company as needed or
requested for the Company to determine that the acquisition of the Offered
Securities by the undersigned would not require the Company to register as an
investment company under the Investment Company Act;

      12. (A) to the best knowledge of the undersigned, the acquisition of the
Offered Securities by it would not require the Company to register as an
investment company under the Investment Company Act; (B) at the time of
acquiring the Offered Securities, the undersigned agrees to provide promptly, at
the request of the Company, written certifications, representations and
warranties, financial statements and incorporation and operating documents that
would, in the sole discretion of the Company, provide reasonable assurances to
the Company that the beneficial ownership of the Offered Securities by the
undersigned would not require the Company to register as an investment company
under the Investment Company Act, and (C) the undersigned understands and
acknowledges that the Company will, and it authorizes the Company to, rely on
the representations, warranties, agreements and statements contained herein when
determining not to register as an investment company under the Investment
Company Act;

      13. the undersigned agrees that (A) it will offer and sell, or otherwise
dispose of, the Offered Securities only in a transaction that it reasonably
believes would not require the Company to register as an investment company, and
any sale or other disposition that would require the Company to register as an
investment company shall be void ab initio; and (B) for so long as it holds
outstanding securities of the Company, not to do any act, or fail to do any act,
that would cause a reasonable person to believe that the Company might be
required to register as an investment company under the Investment Company Act;
and

      14. this Certificate of Transfer has been duly and validly authorized,
executed and delivered by the undersigned and constitutes a valid and binding
obligation enforceable in accordance with its

                                       A-3

<PAGE>

terms, subject to any necessary stamping and registration and to customary
insolvency and other qualifications with regard to the meaning of "enforceable".

      [INSERT FOR TRANSFERS OF COINMACH SERVICE CORP. CLASS B COMMON STOCK: 15.
the undersigned understands and acknowledges that, under certain circumstances,
pursuant to Section 3.2.4 of the Company's Amended and Restated Certificate of
Incorporation, as amended or otherwise modified from time to time (the
"CHARTER"), transfers of the Company's Class B Common Stock to persons that are
not Class B Affiliates (as defined in the Charter) will result in the loss of
certain voting rights of all shares of the Company's Class B Common Stock.]

      The undersigned understands and agrees that this Certificate of Transfer
must be executed by the undersigned and delivered to the Company prior to
consummation of the purchase or other acquisition of Offered Securities by it
and is intended, without limiting any other right or remedy in law or equity
available to the Company, to inure to the benefit of the Company and provide the
Company with a contractual right to take action against the undersigned to
enforce this Certificate of Transfer and obtain damages in the event of any
breach of the representations, warranties and covenants contained herein. The
Company may prohibit and implement "stop transfer" instructions against the
purchase or other acquisition by the undersigned if, in the Company's sole
discretion, this Certificate of Transfer is improperly executed or delivered or
the Company has reasonable knowledge that the representations and warranties
contained herein and made by the undersigned are inaccurate in any respect.
Prior to its purchase or acquisition of the Offered Securities, the undersigned
agrees that it must provide the Company with an opportunity to request, and if
the Company so requests, must obtain and deliver to the Company, a written
opinion of counsel satisfactory to the Company to the effect that the purchase
or other acquisition of the Offered Securities by the undersigned will not
violate or require registration under the Securities Act.

                                     Very truly yours,

                                     [_______________]

                                     By: _______________________
                                     Name:
                                     Title:

                                       A-4<PAGE>

                                                                    EXHIBIT 10.7

                AMENDED AND RESTATED SENIOR MANAGEMENT AGREEMENT

      THIS AMENDED AND RESTATED SENIOR MANAGEMENT AGREEMENT (this "Agreement")
is made as of         , 2004 by and among Coinmach Corporation, a Delaware
corporation (the "Company"), Coinmach Holdings, LLC, a Delaware limited
liability company ("Holdings"), Coinmach Service Corp., a Delaware corporation
("CSC"), MCS Capital, Inc., a Delaware corporation ("MCS"), and Stephen R.
Kerrigan ("Executive").

      WHEREAS, the Company, MCS, Holdings and Executive are parties to a senior
management agreement dated as of March 6, 2003 (as amended from time to time,
the "Existing Employment Agreement");

      WHEREAS, the Company, Holdings, MCS and Executive desire to amend and
restate the Existing Employment Agreement and enter into this Agreement, which
includes CSC as a party hereto;

      WHEREAS, simultaneously with the execution of this Agreement, Robert M.
Doyle is entering into an amended and restated senior management agreement;

      WHEREAS, CSC has, on or about the date hereof and pursuant to an effective
registration statement on Form S-1 filed with the Securities and Exchange
Commission, completed the registered offer and sale of its Income Deposit
Securities (including shares of Class A Common Stock and senior secured notes of
CSC underlying such Income Deposit Securities) ("IDSs") and senior secured notes
not forming a part of any IDS (the offer and sale of such securities being
collectively referred to as the "IPO");

      WHEREAS, as part of a series of corporate reorganizations and other
transactions in connection with the IPO (the "Transactions"), voting power of
CSC was given on or about the date hereof to Holdings through its consolidated
ownership of all the outstanding shares of CSC's Class B Common Stock;

      WHEREAS, as part of the Transactions, Coinmach Laundry Corporation, a
Delaware corporation ("Coinmach Laundry"), became a subsidiary of CSC;

      WHEREAS, the Company is wholly-owned by Coinmach Laundry;

      WHEREAS, MCS is the owner of (i) 9,270,914 Common Units of Holdings, of
which 4,539,406 Common Units (the "Carried Common Units") were issued to MCS in
exchange for 4,539,406 shares of common stock of Coinmach Laundry (previously
issued to MCS pursuant to the Equity Participation Agreement), and 3,781,508
Common Units (the "Co-Invest Common Units") were issued to MCS in exchange for
3,781,508 shares of common stock of Coinmach Laundry (previously issued to MCS
in connection with Coinmach Laundry's going-private transaction in July of
2000), and (ii) 1553.05 Class C Preferred Units (the "Preferred Units") (subject
to increase in connection with the Transactions).
<PAGE>
      NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

                                   ARTICLE I
                     PROVISIONS RELATING TO EXECUTIVE UNITS

      1.1 Vesting of Carried Common Units. Carried Common Units which have
become vested, together with all of the Co-Invest Common Units, are referred to
herein as "Vested Common Units" and all other Carried Common Units are referred
to herein as "Unvested Common Units." In addition to any vesting requirements in
respect of the Carried Common Units contained in the Management Contribution
Agreement, immediately prior to the closing of (i) any Significant Sale of
equity securities which results in any person, or group of related persons not
affiliated with GTCR owning equity securities of Holdings possessing the power
to elect (without reference to any special or default voting rights) a majority
of the members of the Holdings Board (a "Change of Control"), or (ii) a sale of
all or substantially all of Holdings' assets, all Unvested Common Units will
become Vested Common Units. In addition, if Executive's employment with either
CSC or the Company is terminated (i) by the CSC Board (in the case of employment
with CSC) or the Coinmach Board (in the case of employment with the Company)
without Cause, or (ii) by Executive for Good Reason, and in each case no CSC
Event of Default (in the case of termination of employment with CSC) or Company
Event of Default (in the case of termination of employment with the Company) has
occurred and is continuing, all Unvested Common Units will become Vested Common
Units.

      1.2 Put Option.

      (a) Upon the consummation of a Qualified Disposition, MCS shall have the
right to require that Holdings repurchase up to 50% of each class of Executive
Units, pursuant to the terms of this Section 1.2(a) (the "Qualified Disposition
Put Option"). The purchase price for each Common Unit pursuant to the Qualified
Disposition Put Option shall be the price per Unit paid to GTCR in connection
with the Qualified Disposition, and the purchase price for each Preferred Unit
pursuant to the Qualified Disposition Put Option shall be the lesser of (i) the
liquidation value of such Unit (plus all accrued and unpaid dividends thereon)
and (ii) the price per Unit of such class paid to GTCR in connection with the
Qualified Disposition. Within 30 days after the date of the Qualified
Disposition, Holdings shall notify MCS of the occurrence of such event and MCS
may elect to exercise the Qualified Disposition Put Option by giving written
notice to Holdings of such election, setting forth the number of Common Units
and/or Preferred Units to be repurchased by Holdings, within 15 days after the
date of delivery of Holdings' notice to MCS. In the event of the exercise of a
Qualified Disposition Put Option, CSC and the Company will, subject to the terms
of any of their then outstanding indebtedness, be jointly and severally
obligated to transfer to Holdings an amount of money at least equal to the
aggregate purchase price of the Executive Units subject to the Qualified
Disposition Put Option, in order that Holdings can satisfy its obligations under
such Qualified Disposition Put Option. The closing of the repurchase pursuant to
the Qualified Disposition Put Option shall take place on a date designated by
Holdings, but in any event not later than 270 days after the date of the
Qualified Disposition. At such closing, MCS shall deliver to Holdings the
certificates

                                      -2-
<PAGE>
representing the Common Units and/or Preferred Units to be repurchased by
Holdings, and, subject to Section 1.6 hereof, Holdings shall deliver to MCS the
purchase price for such Units by cashier's or certified check or wire transfer.

            (b)Upon the termination of Executive's employment hereunder (i) by
      the Coinmach Board (in the case of employment with the Company) or by the
      CSC Board (in the case of employment with CSC), in each case without
      Cause, or (ii) by Executive for Good Reason, MCS shall have the right to
      require that Holdings repurchase all Units of each class of Executive
      Units held by MCS pursuant to the terms of this Section 1.2(b) (the
      "Termination Put Option"), and in the event the Termination Put Option is
      exercised, CSC and the Company will be jointly and severally obligated to
      transfer to Holdings an amount of money at least equal to the aggregate
      purchase price of the Executive Units subject to the Termination Put
      Option, in order that Holdings can satisfy its obligations under such
      Termination Put Option; provided, however, that Holdings shall only be
      obligated to repurchase MCS's Executive Units pursuant to the Termination
      Put Option at such time as the CSC Board, in its good faith judgment,
      determines that the Company and/or CSC (as the case may be) has sufficient
      assets to repurchase MCS's Executive Units without a material negative
      impact on CSC's and/or the Company's working capital or liquidity (taking
      into account any reasonably foreseeable acquisitions or capital
      expenditures of such parties). The purchase price for each Executive Unit
      pursuant to the Termination Put Option shall be the Fair Market Value
      thereof on the Date of Termination. Within 30 days after the Date of
      Termination as described in subsections (i) and (ii) above, MCS may elect
      to exercise the Termination Put Option by giving written notice to
      Holdings of such election, setting forth the number of Executive Units to
      be repurchased by Holdings. The closing of the repurchase pursuant to the
      Termination Put Option shall take place on a date designated by Holdings,
      but in any event not later than 15 days after the date of receipt of MCS's
      written notice of election to exercise the Termination Put Option. At such
      closing, MCS shall deliver to Holdings the certificates representing the
      Executive Units to be repurchased by Holdings, and, subject to Section 1.6
      hereof, Holdings shall deliver to MCS the purchase price for such Units by
      cashier's or certified check or wire transfer.

      1.3 Repurchase Option.

      (a) In the event Executive violates Section 2.3(a) of this Agreement (a
"Noncompete Breach"), or in the event Executive's employment by CSC and its
Subsidiaries (including but not limited to the Company) terminates for any
reason (a "Termination"), the Executive Units (whether held by MCS or one or
more of MCS's transferees, other than Holdings or GTCR) will be subject to
repurchase by Holdings first, the Other Senior Managers second and the Investors
third pursuant to the terms and conditions set forth in this Section 1.3 (the
"Repurchase Option").

      (b) If the Repurchase Option becomes exercisable because of a Noncompete
Breach or a Termination resulting from CSC's or the Company's termination of
Executive's employment for Cause, then, the purchase price for each Executive
Unit will be the lower of (i) MCS's Original Cost for such Unit and (ii) the
Fair Market Value of such Unit on the Date of Termination. If Executive's
employment terminates other than as described in the preceding sentence, the
purchase price for each (y) Executive Unit (other than an Unvested Common Unit)
shall be the Fair Market Value of such Unit and (z) Unvested Common Unit shall
be MCS's

                                      -3-
<PAGE>
Original Cost for such Unit, in each instance as of the date of the related
Repurchase Notice or Investor Notice (as hereinafter defined), as the case may
be.

      (c) Holdings may, at the option of the Holdings Board, elect to purchase
all or any portion of the Executive Units from time to time by delivering
written notice (the "Repurchase Notice") to the Other Senior Managers, the
Investors and the holder or holders of such Executive Units from time to time
during the 180 days after the Noncompete Breach or Termination, as the case may
be. The Repurchase Notice will set forth the number of Executive Units,
including the number of Unvested Common Units and Vested Common Units, to be
acquired from the recipient holder, the aggregate consideration to be paid for
such Units and the time and place for the closing of the transaction.

      (d) If for any reason Holdings has not elected to purchase all of the
Executive Units pursuant to the Repurchase Option, the Other Senior Managers
shall be entitled to exercise the Repurchase Option for any or all of the
Executive Units, including the Unvested Common Units and the Vested Common
Units, Holdings has not elected to purchase (the "Available Units"), by giving
written notice to Holdings and the holder(s) of the Available Units to be
repurchased during the 30 days after the date of delivery to the Other Senior
Managers of the Repurchase Notice (the "Management Repurchase Notice") setting
forth the number of Available Units each Other Senior Manager is willing to
purchase. If the Other Senior Managers elect to purchase an aggregate number of
Units greater than the number of Available Units, the Available Units shall be
allocated among the Other Senior Managers pro rata based on the number of Common
Units owned by each Other Senior Manager on a Fully Diluted Basis. As soon as
practicable, and in any event within ten days after the expiration of the 30-day
period set forth above, Holdings shall notify the holder(s) of the Available
Units and the Investors as to the number of Units being purchased from such
holder(s) by the Other Senior Managers (the "Supplemental Management Repurchase
Notice"). At the time Holdings delivers the Supplemental Management Repurchase
Notice to the holder(s) of the Available Units, Holdings shall also deliver
written notice to each Other Senior Manager and the Investors setting forth the
number of Units such Other Senior Manager is entitled to purchase, the aggregate
purchase price and the time and place of the closing of the transaction and, in
the notice to the Investors, a statement of the number, type and purchase price
of Available Units available for purchase by the Investors.

      (e) If for any reason the Other Senior Managers have elected not to
purchase any or all of the Available Units pursuant to Section 1.3(d) above, the
Investors may elect to purchase any or all of the Available Units not purchased
by the Other Senior Managers by giving written notice to Holdings and the
holder(s) of the Available Units to be repurchased within 30 days after the date
of delivery to the Investors of the Supplemental Management Repurchase Notice
(the "Investor Repurchase Notice") setting forth the number of Available Units
the Investors are willing to purchase. If the Investors elect to purchase an
aggregate number greater than the number of Available Units, the Available Units
shall be allocated among the Investors pro rata based upon the number of Common
Units owned by each Investor on a Fully Diluted Basis. As soon as practicable,
and in any event within ten days after the expiration of the 30-day period set
forth above, Holdings shall notify each holder of Available Units as to the
number of Units being purchased from such holder by the Investors (the
"Supplemental Investor Repurchase Notice"). At the time Holdings delivers the
Supplemental Investor Repurchase Notice to the holder(s) of Available Units,
Holdings shall also deliver written notice to each Investor setting forth the

                                      -4-
<PAGE>
number of Units such Investor is entitled to purchase, the aggregate purchase
price and the time and place of the closing of the transaction.

      (f) Each closing of the purchase of the Executive Units pursuant to the
Repurchase Option shall take place on the date designated by Holdings, the Other
Senior Managers or the Investors in the related Repurchase Notice, Management
Repurchase Notice, or Investor Repurchase Notice, as the case may be, but in any
event not later than 270 days after the date of the Noncompete Breach or
Termination. At such closing, MCS shall deliver to Holdings, the Other Senior
Managers and/or the Investors, certificates representing the Executive Units to
be repurchased by Holdings, the Other Senior Managers and/or the Investors, and
Holdings, the Other Senior Managers, and/or the Investors, as the case may be,
will pay for the Executive Units to be purchased pursuant to the Repurchase
Option, subject to Section 1.6 hereof and the terms below, on the date of the
closing of the Repurchase Option.

      (g) Any payment made pursuant to this Section 1.3 shall be payable, at the
option of Holdings, in cash, by check or with Class A Preferred Units; provided,
that if Holdings elects to pay MCS with Class A Preferred Units, upon the
request of Holdings, MCS shall enter into documentation with Holdings with
respect to the issuance of such Class A Preferred Units on terms and conditions
reasonably acceptable to Holdings. In addition, Holdings may pay the total
purchase price for such Units by offsetting amounts outstanding under any bona
fide debts owed by Executive or MCS to Holdings. Holdings, the Other Senior
Managers and the Investors will be entitled to receive customary representations
and warranties from the sellers regarding such sale and to require that all
sellers' signatures be guaranteed.

      (h) If within six months following the repurchase of Executive Units
pursuant to the Repurchase Option under this Section 1.3, (i) a Significant Sale
or a Public Offering occurs and (ii) the amount received by MCS for Vested
Common Units pursuant to the Repurchase Option is less than the amount that MCS
would have received for such Vested Common Units had Holdings not repurchased
such Vested Common Units pursuant to the Repurchase Option and had MCS disposed
of such Vested Common Units (or such other securities into which such Vested
Common Units may have been exchanged or converted) pursuant to such Significant
Sale or Public Offering, then MCS shall be entitled to receive the benefit of
such higher valuation for the Vested Common Units sold under the Repurchase
Option. Subject to Section 1.6 hereof, the excess of (x) the amount which MCS
would have received in such Significant Sale or Public Offering assuming the
sale of his Vested Common Units purchased by exercise of the Repurchase Option
in connection with such transaction, over (y) the purchase price of the Vested
Common Units paid to MCS under the Repurchase Option (the "Excess"), shall be
paid by Holdings (or any designee of Holdings) to MCS by wire transfer of
immediately available funds (to such account designated in writing by MCS)
promptly upon consummation of any such transaction; provided, however, if (i)
the repurchase of Executive Units under this Section 1.3 was paid by Holdings
with Class A Preferred Units and in connection with a Significant Sale the
holders of Class A Preferred Units received consideration other than cash in
exchange for such Class A Preferred Units, then Holdings may pay the Excess to
MCS in the same form of consideration which the holders of Class A Preferred
Units received in such Significant Sale, or (ii) the repurchase of Executive
Units under this Section 1.3 was paid by Holdings with Class A Preferred Units
and in connection with a Public Offering the Class A Preferred Units were
converted into common stock or another form of equity security, then Holdings
may pay the

                                      -5-
<PAGE>
Excess to MCS in the form of common stock or such other equity security into
which the Class A Preferred Units were converted in connection with such Public
Offering; provided, further, if the repurchase of Executive Units under this
Section 1.3 was paid by Holdings with Class A Preferred Units and at the time of
the Significant Sale or the Public Offering there were no issued and outstanding
Class A Preferred Units other than Class A Preferred Units held by MCS, then MCS
shall be paid the Excess by Holdings (or any designee of Holdings), at the
option of Holdings, by wire transfer of immediately available funds (to such
account designated in writing by MCS) or in the form of compensation received by
the holders of Common Units, in either case promptly upon consummation of any
such transaction.

            (i)In the event Holdings elects to repurchase Executive Units
      pursuant to this Section 1.3, CSC and the Company will be jointly and
      severally obligated to transfer to Holdings an amount of money at least
      equal to the aggregate purchase price of the Executive Units subject to
      such repurchase, in order that Holdings can complete such repurchase in
      accordance with the terms of this Section 1.3.

      1.4   Restrictions on Transfer.

      (a) Transfer of Executive Units. Neither Executive nor MCS shall, directly
or indirectly, transfer, sell, assign, pledge, offer or otherwise dispose of any
interest in any Executive Units (a "Transfer") except pursuant to (i) Section
1.2, Section 1.3, Section 1.4(c), Section 1.4(d) or Section 1.4(e) hereof, (ii)
Section 3(a) (participation rights), Section 3(c) (permitted transfers) and
Section 5 (sale of the company) of the Securityholders Agreement, or (iii) a
Public Sale (clauses (i) through (iii) collectively referred to herein as
"Exempt Transfers"). Prior to effecting any Transfer of Executive Units (other
than (y) to Holdings, to any Other Senior Manager or to the Investors or (z) in
connection with a Public Sale or Significant Sale), MCS shall obtain from each
transferee their written agreement to be bound by the provisions of Section 1.4
of this Agreement for the benefit of Holdings, the Other Senior Managers and the
Investors.

      (b) Sale Notice. Prior to making any Transfer (other than an Exempt
Transfer), MCS will give written notice (the "Sale Notice") to Holdings, the
Other Senior Managers and the Investors. The Sale Notice will disclose in
reasonable detail the number of Units to be transferred and the terms and
conditions of the proposed Transfer and, if known, the identity of the
prospective transferee(s). MCS will not consummate any such Transfer until 90
days after the Sale Notice has been given to Holdings, the Other Senior Managers
and the Investors, unless the parties to the Transfer have been fully determined
pursuant to this Section 1.4(b), Section 1.4(c) and Section 1.4(d) prior to the
expiration of such 90-day period. (The date of the first to occur of such events
is referred to herein as the "Authorization Date").

            (c)First Refusal Rights. Holdings may elect to purchase all (but not
      less than all) of the Executive Units to be Transferred upon the same
      terms and conditions as those set forth in the Sale Notice by delivering a
      written notice of such election to MCS, each Other Senior Manager and each
      Investor within 30 days after the Sale Notice has been given to Holdings.
      In the event Holdings elects to repurchase Executive Units pursuant to
      this Section 1.4(c), CSC and the Company will be jointly and severally
      obligated to transfer to Holdings an amount of money at least equal to the
      aggregate purchase price of the Executive Units

                                      -6-
<PAGE>
      subject to such repurchase, in order that Holdings can complete such
      repurchase in accordance with the terms of this Section 1.4(c). If
      Holdings has not elected to purchase all of the Executive Units to be
      Transferred, the Other Senior Managers may elect to purchase all (but not
      less than all) of the Executive Units to be Transferred upon the same
      terms and conditions as those set forth in the Sale Notice by giving
      written notice of such election to MCS, Holdings and the Investors within
      60 days after the Sale Notice has been given to the Other Senior Managers.
      The Other Senior Managers' rights hereunder shall be allocated among the
      Other Senior Managers pro rata based on the number of Common Units owned
      by each Other Senior Manager on a Fully Diluted Basis. If Holdings and the
      Other Senior Managers have not elected to purchase all of the Executive
      Units to be Transferred, the Investors may elect to purchase all (but not
      less than all) of the Executive Units to be Transferred upon the same
      terms and conditions as those set forth in the Sale Notice by giving
      written notice of such election to MCS, Holdings and each Other Senior
      Manager within 90 days after the Sale Notice has been given to the
      Investors. If Holdings, the Other Senior Managers or the Investors do not
      elect to purchase all of the Executive Units specified in the Sale Notice,
      MCS may Transfer the Executive Units specified in the Sale Notice at a
      price and on terms no more favorable to the transferee(s) thereof than
      specified in the Sale Notice during the 30-day period immediately
      following the Authorization Date. Any Executive Units not Transferred
      within such 30-day period will be subject to the provisions of this
      Section 1.4(c) upon subsequent Transfer.

      (d) Co-Sale Rights. The Investors may elect to participate in the
contemplated Transfer by delivering written notice to MCS within 90 days after
delivery of the Sale Notice to the Investors. If any of the Investors (each a
"Participating Investor") have elected to participate in such Transfer, and any
of the Units specified in the Sale Notice are Common Units, MCS and the
Participating Investors shall be entitled to sell in the contemplated Transfer,
at the same price and on the same terms, a number of Common Units equal to the
product of (x) the quotient determined by dividing the percentage of Common
Units owned by such Person by the aggregate percentage of Common Units owned by
MCS and all Participating Investors and (y) the number of Common Units to be
sold in the contemplated Transfer.

      For example, if the Sale Notice contemplated a sale of 100 Common Units by
      MCS, and if MCS was at such time the owner of 30% of Holdings' outstanding
      Common Units (on a fully-diluted basis) and if one Participating Investor
      elects to participate and such Participating Investor owns 20% of
      Holdings' outstanding Common Units (on a fully-diluted basis), MCS would
      be entitled to sell 60 Common Units ((30% / 50%) x 100 Units) and the
      Participating Investor would be entitled to sell 40 Common Units
      ((20% / 50%) x 100 Units).

If any of the Executive Units specified in the Sale Notice consist of Class C
Preferred Units, MCS and the Participating Investors shall be entitled to sell
in the contemplated Transfer, at the same price and on the same terms, a number
of Class C Preferred Units equal to the aggregate number of Class C Preferred
Units to be Transferred multiplied by a fraction, the numerator of which is the
Class C Unreturned Capital plus the Class C Unpaid Yield of all Class C
Preferred Units held by such Person and the denominator of which is the
aggregate Class C Unreturned Capital plus the Class C Unpaid Yield of all Class
C Preferred Units held by MCS and the Participating Investors.

                                      -7-
<PAGE>
      For example, if the Sale Notice contemplated a sale of 100 Class C
      Preferred Units by MCS, and if the Class C Unreturned Capital plus the
      Class C Unpaid Yield on all Class C Preferred Units held by MCS was at
      such time $1,080,000, and if one Participating Investor elects to
      participate and the Class C Unreturned Capital plus the Class C Unpaid
      Yield on all Class C Preferred Units held by such Participating Investor
      was at such time $2,160,000, MCS would be entitled to sell 33 1/3 Class C
      Preferred Units ((1,080,000  /  3,240,000) x 100 Units) and the
      Participating Investor would be entitled to sell 66 2/3 Class C Preferred
      Units ((2,160,000  /  3,240,000) x 100 Units).

MCS will use its best efforts to obtain the agreement of the prospective
transferee(s) to the participation of the Investors in the contemplated Transfer
and will not Transfer any Executive Units to the prospective transferee(s) if
such transferee(s) refuse(s) to allow the participation of the Investors.

      (e) Permitted Transfers. The restrictions contained in this Section 1.4
shall not apply with respect to any Transfer of Executive Units pursuant to
applicable laws of descent and distribution or among (i) Executive or MCS and
(ii) Executive's Family Members; provided that such restrictions will continue
to be applicable to the Executive Units after any such Transfer and the
transferees of such Executive Units have agreed in writing to be bound by the
provisions of this Agreement.

      (f) Legend. The certificates representing the Executive Units will bear a
legend in substantially the following form:

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND MAY NOT BE
      SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
      UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES
      REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL
      RESTRICTIONS ON TRANSFER, CERTAIN REPURCHASE OPTIONS AND CERTAIN OTHER
      AGREEMENTS SET FORTH IN A SENIOR MANAGEMENT AGREEMENT BY AND AMONG
      COINMACH SERVICE CORP. ("COINMACH"), COINMACH CORPORATION, COINMACH
      HOLDINGS, LLC, MCS CAPITAL, INC. AND STEPHEN R. KERRIGAN, DATED         ,
      2004. COINMACH MAY REQUEST A WRITTEN OPINION OF COUNSEL (FROM COUNSEL
      ACCEPTABLE TO COINMACH) SATISFACTORY TO COINMACH, TO THE EFFECT THAT
      REGISTRATION IS NOT REQUIRED IN CONNECTION WITH SUCH SALE, PLEDGE OR
      HYPOTHECATION, OR OTHER TRANSFER. A COPY OF SUCH AGREEMENT MAY BE OBTAINED
      AT COINMACH'S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE."

      1.5 Recapitalization Undertaking. Prior to a Public Offering pursuant to
which any holder of Units of common securities of Holdings is given an
opportunity to sell all or any portion of such holder's Units of common
securities of Holdings, Holdings will use its reasonable best efforts, at the
request of MCS, to effect a recapitalization of the Preferred Units

                                      -8-
<PAGE>
into Units of common securities of Holdings at a price per Unit equal to the
price per Unit at which Units of Holdings' common securities are offered to the
public in such Public Offering.

      1.6 Payments. Notwithstanding any other provision to the contrary
contained in this Agreement, payments (including, but not limited to, in the
form of securities) to be made to MCS pursuant to this Agreement shall be made
only to the extent permitted by the financing arrangements of Holdings and its
Subsidiaries in effect at the time such payments are required to be made;
provided, however, such payments shall be made at such time that they are
permitted to be made by such financing arrangements.

      1.7 Opinion. In connection with the Transfer of any Executive Units (other
than an Exempt Transfer or in connection with a Significant Sale), the holder
thereof shall deliver written notice to Holdings describing in reasonable detail
the Transfer or proposed Transfer, which, if requested by Holdings, shall be
accompanied by an opinion of counsel which (to Holdings' reasonable
satisfaction) is knowledgeable in securities law matters to the effect that such
Transfer of Executive Units may be effected without registration of such
Executive Units under the Securities Act. In addition, if the holder of the
Executive Units delivers to Holdings an opinion of counsel that no subsequent
Transfer of such Executive Units shall require registration under the Securities
Act, Holdings shall promptly upon such contemplated Transfer deliver new
certificates for such Executive Units which do not bear the Securities Act
legend set forth in Section 1.4(f) (but which may bear any applicable
contractual restrictions on Transfer).

      1.8 Transfers of MCS Stock. Executive shall not, directly or indirectly,
Transfer any interest in any securities of MCS except pursuant to applicable
laws of descent and distribution or among Executive and Executive's Family
Members; provided that such restriction will continue to be applicable to any
securities of MCS after any such Transfer and the transferees of such securities
of MCS have agreed in writing to be bound by the provisions of this Agreement.

                                   ARTICLE II
                        PROVISIONS RELATING TO EMPLOYMENT

      2.1 Employment. CSC agrees to employ Executive, and Executive accepts such
employment, for the period from the date hereof until such employment is
terminated (the "CSC Employment Period"). The Company agrees to employ
Executive, and Executive accepts such employment, for the period from the date
hereof until such employment is terminated (the "Company Employment Period" and,
together with the CSC Employment Period, the "Employment Period").

      (a) Duties. During (i) the CSC Employment Period, Executive shall serve as
the President, Chief Executive Officer and Chairman of the Board of CSC and (ii)
the Company Employment Period, Executive shall serve as the Chief Executive
Officer and Chairman of the Board of the Company, and with respect to each such
employment Executive shall have the normal duties, responsibilities and
authority assigned to him by the CSC Board and CSC's by-laws (in the case of
employment with CSC), and the Coinmach Board and the Company's by-laws (in the
case of employment with the Company).

                                      -9-
<PAGE>
      (b) Salary, Bonus and Benefits.

            (i) Salary. During the Employment Period, the Company will pay
      Executive a base salary (the "Annual Base Salary") as the CSC Board may
      designate from time to time, beginning at the rate of $446,250 per annum,
      which amount shall be reviewed and may be increased, but not decreased,
      annually by the CSC Board in its sole discretion, and which Annual Base
      Salary shall represent an aggregate base salary for services provided to
      both CSC and the Company. The obligation in any year during the Employment
      Period to pay Executive's Annual Base Salary shall be the joint and
      several obligations of CSC and the Company; provided that in the event
      Executive's employment terminates with respect to either CSC or the
      Company but not both, (i) the obligation hereunder to pay Executive's
      Annual Base Salary for all periods subsequent to such termination shall be
      the sole obligation of the party with whom such employment was not
      terminated and (ii) Executive's Annual Base Salary for all periods
      subsequent to such termination shall be determined by the board of
      directors of the party with whom such employment was not terminated.
      Executive's Annual Base Salary for any partial year will be prorated based
      upon the number of days elapsed in such year.

            (ii) Bonus. During the Employment Period, Executive will be entitled
      to receive any bonus which the CSC Board may grant in its discretion,
      which bonus shall represent an aggregate bonus for services provided to
      both CSC and the Company. The obligation to pay any bonus so granted shall
      be the joint and several obligations of CSC and the Company; provided that
      in the event Executive's employment terminates with respect to either CSC
      or the Company but not both, the bonus to which Executive will be entitled
      for all periods subsequent to such termination shall be granted in the
      discretion of the board of directors of the party with whom such
      employment was not terminated and payment of such bonuses will be the
      obligation of such party. In addition, upon the consummation of a
      Qualified Disposition, Executive will be entitled to a bonus in an amount
      equal to 2.0 times the sum of his Annual Base Salary then in effect plus
      the amount of the bonus paid to Executive for the most recently completed
      fiscal year, payable in a lump sum on the closing of such Qualified
      Disposition.

            (iii) Benefits. During the Employment Period, Executive will be
      entitled to benefits consistent with past practices, as well as to such
      other benefits approved by the CSC Board and made available to CSC's
      and/or the Company's senior management (without duplication), in each
      case, as such benefits may be adjusted by the CSC Board from time to time.

      (c) Severance.

                  (i) Termination of Employment with CSC. If Executive's
employment with CSC is terminated by the CSC Board without Cause, or if
Executive's employment is terminated by Executive for Good Reason (and not by
reason of Executive's death or disability) and (i) no CSC Event of Default has
occurred and is continuing, Executive shall be entitled to receive severance pay
in an amount equal to 2.0 times the sum of his Annual Base Salary then in effect
plus the amount of the bonus paid to Executive for the most recently completed
fiscal year, payable in 18 equal monthly installments, or (ii) a CSC Event of
Default has occurred and is

                                      -10-
<PAGE>
continuing, Executive shall be entitled to receive severance pay in an amount
equal to his Annual Base Salary then in effect payable in 12 equal monthly
installments, in the case of each of clauses (i) and (ii) subject to applicable
withholding tax requirements, commencing upon the execution by CSC and Executive
of a mutual release of the parties' respective rights, duties, privileges and
obligations hereunder other than those rights, duties, privileges and
obligations which are contemplated to continue beyond the Employment Period,
which release the parties hereby agree to use their reasonable good faith
efforts to secure.

                  (ii) Termination of Employment with the Company. If
Executive's employment with the Company is terminated by the Coinmach Board
without Cause, or if Executive's employment is terminated by Executive for Good
Reason (and not by reason of Executive's death or disability) and (i) no Company
Event of Default has occurred and is continuing, Executive shall be entitled to
receive severance pay in an amount equal to 2.0 times the sum of his Annual Base
Salary then in effect plus the amount of the bonus paid to Executive for the
most recently completed fiscal year, payable in 18 equal monthly installments,
or (ii) a Company Event of Default has occurred and is continuing, Executive
shall be entitled to receive severance pay in an amount equal to his Annual Base
Salary then in effect payable in 12 equal monthly installments, in the case of
each of clauses (i) and (ii) subject to applicable withholding tax requirements,
commencing upon the execution by the Company and Executive of a mutual release
of the parties' respective rights, duties, privileges and obligations hereunder
other than those rights, duties, privileges and obligations which are
contemplated to continue beyond the Employment Period, which release the parties
hereby agree to use their reasonable good faith efforts to secure.

                  (iii) Limitations on Multiple Severance. In the event
Executive's employment with both CSC and the Company is terminated within any
twelve month period by the Coinmach Board or the CSC Board or Executive as
described in Sections 2.1(c)(i) and (ii):

                   (A) Executive shall only be entitled to receive one severance
            payment described in this Section 2.1(c), notwithstanding
            termination of employment with both parties,

                  (B)   payment of such severance payment shall be the
            joint and several obligations of CSC and the Company,

                  (C) if the Annual Base Salary in effect at the time of the
            first termination is different than the Annual Base Salary in effect
            at the time of the second termination, whichever Annual Base Salary
            is greater will be the Annual Base Salary used in calculating
            Executive's severance payment and

                  (D) if (1) at the time of termination of employment with CSC a
            CSC Event of Default had occurred and was continuing and at the time
            of termination of employment with the Company no Company Event of
            Default had occurred and was continuing or (2) at the time of
            termination of employment with CSC no CSC Event of Default had
            occurred and was continuing and at the time of termination of
            employment with the Company a Company Event of Default had

                                      -11-
<PAGE>
            occurred and was continuing, then in either case Executive's
            severance payment shall be calculated as if no Event of Default had
            occurred and was continuing.

                  In the event that (A) subclause (C) of the first paragraph of
      this Section 2(c)(iii) is applicable, (B) the greater Annual Base Salary
      is in effect at the time of the second termination and (C) installment
      payments on the severance payment relating to the first termination have
      already been paid or begun to be paid to Executive, then (y) the severance
      payment amount owed to Executive will be recalculated and adjusted upward
      to account for the Annual Base Salary in effect at the time of the second
      termination in accordance with subclause (C) and (z) all installment
      payments already paid to Executive relating to the first termination will
      be deducted from such adjusted severance payment amount.

                  In the event that (A) subclause (D) of the first paragraph of
      this Section 2(c)(iii) is applicable, (B) either (1) the first termination
      of employment related to CSC and at the time of such termination a CSC
      Event of Default occurred and was continuing or (2) the first termination
      of employment related to the Company and at the time of such termination a
      Company Event of Default occurred and was continuing and (C) installment
      payments on the severance payment relating to the first termination have
      already been paid or begun to be paid to Executive, then (x) the severance
      payment amount owed to Executive will be recalculated and adjusted upward
      to account for the severance payment owed as if no Event of Default had
      occurred and was continuing in accordance with subclause (D), (y) all
      installment payments already paid to Executive relating to the first
      termination will be deducted from such adjusted severance payment amount
      and (z) the adjusted severance payment amount, minus any deductions in
      accordance with the preceding subclause (y), will be payable in a number
      of equal monthly installments equal to 18 minus the number of installment
      payments already paid to Executive at the time of the second termination.

      (d) Effect of Termination on Bonuses and Benefits. With respect to
termination of employment with either CSC or the Company, all of Executive's
rights to fringe benefits and bonuses hereunder (if any) related to such
employment which accrue after the Date of Termination shall, except as otherwise
provided by law, cease upon such Date of Termination; provided, however, that
Executive shall continue to be entitled to medical benefits consistent with
those provided to Executive prior to the Date of Termination during the period
that installment payments on the severance payment to which the Executive is
entitled are being made to Executive pursuant to Section 2.1(c) hereof. The
Company or CSC, as the case may be, may offset the amounts of any outstanding
loans, advances or other disbursements made to or on behalf of Executive by CSC
or the Company against any amounts CSC or the Company owes Executive hereunder
for severance pay, benefits, bonuses or other items.

      2.2 Confidential Information. Executive acknowledges that the information,
observations and data obtained by him during the course of his performance
concerning the business and affairs of Holdings, CSC, or any of their respective
Subsidiaries and Affiliates will be the property of Holdings, CSC, and their
respective Subsidiaries. Therefore, Executive agrees that he will not disclose
to any unauthorized person or use for the account of any Person other than
Holdings, CSC, and their respective Subsidiaries any such information,
observations or data

                                      -12-
<PAGE>
("Confidential Information") without the written consent of the Holdings Board
(in the case of Confidential Information relating to Holdings and/or its
Subsidiaries) or the CSC Board (in the case of Confidential Information relating
to CSC and/or its Subsidiaries), unless and to the extent that the
aforementioned matters become generally known to and available for use by the
public other than as a result of Executive's acts or omissions to act and except
as required by law or legal process. Executive agrees to deliver to CSC and/or
the Company at the termination of his employment with either of such parties, or
at any other time CSC, the Company or Holdings may request in writing, all
memoranda, notes, plans, records, reports and other documents (and copies
thereof) relating to the business of Holdings or its Subsidiaries, or CSC or its
Subsidiaries, and all acquisition prospects, lists and contact information which
he may then possess or have under his control. "Confidential Information" shall
include, but is not limited to, information concerning acquisition opportunities
in or reasonably related to Holdings' or its Subsidiaries', or CSC's or its
Subsidiaries', business or industry of which Executive becomes aware during his
employment.

      2.3 Noncompetition and Nonsolicitation.

      (a) Noncompetition. Executive acknowledges that in the course of his
employment with CSC and the Company he will become familiar, and during his
employment with CSC and the Company prior to the date of this Agreement he has
become familiar, with Holdings', CSC's, their respective Subsidiaries', and each
of their Affiliates' (collectively, the "Coinmach Group") trade secrets and with
other confidential information concerning the Coinmach Group, and that his
services will be of special, unique and extraordinary value to the Coinmach
Group. Therefore, Executive agrees that, during the Employment Period and for
one year thereafter (the "Noncompete Period"), he shall not directly or
indirectly own, manage, control, participate in, consult with, assist, render
services for, or in any manner engage in any business competing with, or
otherwise substantially similar to, the businesses of the Coinmach Group as such
businesses exist or are in process on the Date of Termination, (i) within the
geographical area included in the 50-mile radius around each location of a
customer of the Coinmach Group or any business which a member of the Coinmach
Group is actively considering acquiring at the time of Executive's termination
or has actively considered acquiring in the last 12 months or (ii) within any
State in the United States or any Province in Canada in which Executive has
spent a significant amount of time on behalf of the Coinmach Group at any time
during the twelve-month period prior to the Date of Termination. The
restrictions of this Section 2.3(a) shall not apply to Executive's ownership
interests in not more than three laundromats at any one time.

      (b) Nonsolicitation. During the Noncompete Period, Executive shall not
directly or indirectly through another entity (i) induce or attempt to induce
any employee of the Coinmach Group to leave the employ of the Coinmach Group, or
in any way interfere with the relationship between the Coinmach Group and any
employee thereof, (ii) offer employment to or hire any person who was an
employee of the Coinmach Group at any time during the one-year period prior to
the Date of Termination, or (iii) induce or attempt to induce any customer,
supplier, licensee or other business relation of the Coinmach Group to cease
doing business with the Coinmach Group, or in any way interfere with the
relationship between any such customer, supplier, licensee or business relation
and the Coinmach Group; provided that clauses (i) and (ii)

                                      -13-
<PAGE>
above shall not in any way prohibit Executive from offering employment to,
hiring or employing James N. Chapman during the Noncompete Period.

      (c) Enforcement. If, at the time of enforcement of Section 2.2 or Section
2.3 of this Agreement, a court holds that the restrictions stated herein are
unreasonable under circumstances then existing, the parties hereto agree that
the maximum duration, scope and geographical area reasonable under such
circumstances shall be substituted for the stated period, scope and area and
that the court shall be allowed to reduce the restrictions contained herein to
cover the maximum duration, scope and area permitted by law.

      (d) Submission to Jurisdiction. Each of the parties hereto (i) submits to
the jurisdiction of any state or federal court sitting in New York, New York in
any action or proceeding arising out of or relating to this Agreement, (ii)
agrees that all claims in respect of such action or proceeding may be heard or
determined in any such court and (iii) agrees not to bring any action or
proceeding arising out of or relating to this Agreement in any other court. Each
of the parties waives any defense of inconvenient forum to the maintenance of
any action or proceeding so brought and waives any bond, surety or other
security that might be required of any other party with respect thereto. Each
party agrees that a final judgment in any action or proceeding so brought shall
be conclusive and may be enforced by suit on the judgment or in any other manner
provided by law.

      (e) Additional Acknowledgments. Executive acknowledges that the provisions
of Section 2.2 and Section 2.3 are in consideration of: (i) employment with CSC
and the Company, and (ii) additional good and valuable consideration as set
forth in this Agreement. In addition, Executive agrees and acknowledges that the
restrictions contained in Section 2.2 and this Section 2.3 do not preclude
Executive from earning a livelihood, nor do they unreasonably impose limitations
on Executive's ability to earn a living. In addition, Executive acknowledges (i)
that the business of CSC and the Company and their respective Subsidiaries will
be national in scope and without geographical limitation, (ii) notwithstanding
the state of incorporation or principal office of CSC or the Company or any of
their respective Subsidiaries, or any of their respective executives or
employees (including Executive), it is expected that CSC and the Company will
have business activities and have valuable business relationships within its
industry throughout the United States, and (iii) as part of Executive's
responsibilities, Executive will be traveling around the United States in
furtherance of CSC's and the Company's business and its relationships. Executive
agrees and acknowledges that the potential harm to CSC and the Company of the
non-enforcement of Section 2.2 and this Section 2.3 outweighs any potential harm
to Executive of its enforcement by injunction or otherwise. Executive
acknowledges that he has carefully read this Agreement and has given careful
consideration to the restraints imposed upon him by this Agreement, and is in
full accord as to their necessity for the reasonable and proper protection of
confidential and proprietary information of CSC and the Company now existing or
to be developed in the future. Executive expressly acknowledges and agrees that
each and every restraint imposed by this Agreement is reasonable with respect to
subject matter, time period and geographical area.

                                      -14-
<PAGE>
                                  ARTICLE III
                               GENERAL PROVISIONS

      3.1 Definitions.

      "Affiliate" of a Person means any direct or indirect general or limited
partner or member of such Person, or any employee or owner thereof, or any other
person, entity or investment fund controlling, controlled by or under common
control with such Person, and will include, without limitation, its owners and
employees.

      "Agreement" has the meaning set forth in the preamble hereto.

      "Annual Base Salary" has the meaning set forth in Section 2.1(b)(i)
hereto.

      "Authorization Date" has the meaning set forth in Section 1.4(b) hereto.

      "Available Units" has the meaning set forth in Section 1.3(d) hereto.

      "Carried Common Units" has the meaning set forth in the recitals
hereto

      "Cause" means (i) a material breach by Executive of any agreement with any
member of the Coinmach Group (after notice and reasonable opportunity to cure),
(ii) a breach of Executive's duty of loyalty to any member of the Coinmach Group
or any of its Subsidiaries or any act of dishonesty, gross negligence, willful
misconduct or fraud with respect to any member of the Coinmach Group or any of
their securityholders, customers or suppliers, (iii) the commission by Executive
of a felony, a crime involving moral turpitude or other act or omission tending
to cause harm to the standing and reputation of, or otherwise bring public
disgrace or disrepute to, any member of the Coinmach Group, (iv) Executive's
continued failure or refusal to perform any material duty to any member of the
Coinmach Group which is normally attached to his position (after notice and
reasonable opportunity to cure), (v) Executive's gross negligence or willful
misconduct in performing those duties which are normally attached to his
position (after notice and reasonable opportunity to cure) or (vi) any breach of
Section 2.2 or Section 2.3 of this Agreement. For purposes of this Agreement,
"Executive's duty of loyalty to any member of the Coinmach Group" shall include
Executive's fiduciary obligation to place the interests of any member of the
Coinmach Group ahead of his personal interests and thereby not knowingly profit
personally at the expense of any member of the Coinmach Group, and shall also
include specifically the affirmative obligation to disclose promptly to the CSC
Board any known conflicts of interest Executive may have with respect to any
member of the Coinmach Group, and the negative obligations not to usurp
corporate opportunities of any member of the Coinmach Group, not to engage in
any "conflict-of-interest" transactions with any member of the Coinmach Group
(without the approval of the CSC Board), and not to compete directly with any
member of the Coinmach Group (without the approval of the CSC Board).

      "Change of Control" has the meaning set forth in Section 1.1 hereto.

      "Class A Common Stock" means the Class A common stock, par value $0.01 per
share, of CSC.

                                      -15-
<PAGE>
      "Class B Common Stock" means the Class B common stock, par value $0.01 per
share, of CSC.

      "Class C Preferred Units" has the meaning set forth in the LLC Agreement.

      "Class C Unpaid Yield" has the meaning set forth in the LLC Agreement.

      "Class C Unreturned Capital" has the meaning set forth in the LLC
Agreement.

      "Co-Invest Common Units" has the meaning set forth in the recitals hereto.

      "Coinmach Board" means the Board of Directors of the Company.

      "Coinmach Group" has the meaning set forth in Section 2.3(a) hereto.

      "Coinmach Laundry" has the meaning set forth in the recitals hereto.

      "Common Units" means Units having the rights and obligations of Common
Units set forth in the LLC Agreement.

      "Company" has the meaning set forth in the preamble hereto.

      "Company Event of Default" means an "Event of Default" as such term is
defined in the Company's (i) credit agreement dated January 25, 2002, among the
Company, Coinmach Laundry, the subsidiary guarantors named therein, and certain
lenders named therein, as amended on         , 2004, and (ii) Indenture dated as
of January 25, 2002, as each such agreement may be further amended, modified or
replaced, from time to time.

      "Confidential Information" has the meaning set forth in Section 2.2
hereto.

      "CSC" has the meaning set forth in the preamble hereto.

      "CSC Board" means the board of directors of CSC.

      "CSC Event of Default" means an "Event of Default" as defined in CSC's
indenture by and among CSC, the subsidiary guarantors names therein and The Bank
of New York, as trustee, dated as of , 2004, as such agreement may be further
amended, modified or replaced, from time to time.

      "Date of Termination" means the first day occurring on or after the date
hereof on which Executive ceases to be an Employee of CSC or the Company,
regardless of the reason for such cessation, provided that Executive's cessation
as an Employee shall not be deemed to occur by reason of a transfer of Executive
by or among Holdings, CSC, the Company, or any of their respective Subsidiaries;
and provided further that Executive's cessation as an Employee shall not be
deemed to occur by Executive's being on a leave of absence from CSC, the Company
or any of their respective Subsidiaries approved by Executive's employer. If, as
a result of a sale or other transaction, the Subsidiary of CSC or the Company
for whom Executive is employed ceases to be a Subsidiary of CSC or the Company
(and the entity for whom Executive is

                                      -16-
<PAGE>
employed is or becomes an entity that is separate from CSC or the Company), and
Executive is not, at the end of the 30-day period following the transaction, an
Employee of CSC or the Company or an entity that is then a Subsidiary of CSC or
the Company, then the occurrence of such transaction shall be treated as
Executive's Date of Termination caused by Executive being discharged by the
entity for whom Executive is employed.

      "Employee" means any person, including officers and directors, employed by
CSC, the Company or any of their respective Subsidiaries.

      "Employment Period" has the meaning set forth in Section 2.1 hereto.

      "Event of Default" means, collectively, a CSC Event of Default and a
Company Event of Default.

      "Excess" has the meaning set forth in Section 1.3(h) hereto.

      "Executive" has the meaning set forth in the preamble hereto.

      "Executive Units" means, at any time, (i) all Common Units and Preferred
Units then held by MCS, Executive or a Family Member, and (ii) all equity
securities of CSC issued or issuable directly or indirectly with respect to such
Units in connection with a combination of Units, dividend, recapitalization,
merger, consolidation, reorganization or otherwise. In addition, Executive Units
shall continue to be Executive Units in the hands of any holder (except to the
extent such holder is CSC, any Investor or a transferee in a Public Sale
consummated in accordance with this Agreement or the Securityholders Agreement),
and except as otherwise provided herein, each such holder of Executive Units
shall succeed to all rights and obligations attributable to Executive or MCS, as
the case may be, as a holder of Executive Units hereunder.

      "Exempt Transfers" has the meaning set forth in Section 1.4(a) hereto.

      "Existing Employment Agreement" has the meaning set forth in the recitals
hereto.

      "Fair Market Value".  For purposes of determining the "Fair Market
Value" of any Executive Unit as of any date, the following rules shall
apply:

            (i) If, at that time, the principal market for the Executive Unit is
      a national securities exchange or the Nasdaq stock market, then the "Fair
      Market Value" shall be the mean between the lowest and highest reported
      sale prices of such Executive Unit on that date on the principal exchange
      or market on which such Executive Unit is then listed or admitted to
      trading;

            (ii) If, at that time, the sale prices are not available or the
      principal market for the Executive Unit is not a national securities
      exchange and such Executive Unit is not quoted on the Nasdaq stock market,
      then the "Fair Market Value" shall be the average between the highest bid
      and lowest asked prices for such Executive Unit on such day as reported on
      the Nasdaq OTC Bulletin Board Service or by the National Quotation Bureau,
      Incorporated or a comparable service;

                                      -17-
<PAGE>
            (iii) If the day is not a business day, and as a result, paragraphs
      (i) and (ii) next above are inapplicable, the "Fair Market Value" of the
      Executive Unit shall be determined as of the next earlier business day;
      and

            (iv) If, in accordance with rules established by the Holdings Board,
      a determination of "Fair Market Value" is required as of any date and, as
      of that date, paragraphs (i) and (ii) next above are inapplicable for
      reasons other than those specified in paragraph (iii) next above, then the
      "Fair Market Value" as of that date shall be determined by the Holdings
      Board in its reasonable discretion or by such other Person designated by
      the Holdings Board;

provided, however, that notwithstanding any other paragraph in this definition
to the contrary, the Fair Market Value for any Preferred Unit shall be no more
than the unpaid yield and unreturned capital of such Unit.

      "Family Members" means Executive's spouse and/or lineal descendants, a
trust for the sole benefit of Executive and/or Executive's spouse or lineal
descendants or upon Executive's death, Executive's estate.

      "Fully Diluted Basis" means, without duplication, (i) all Common Units
outstanding at the time of determination plus (ii) all Common Units issuable
upon conversion of any convertible securities or the exercise of any option,
warrant or similar right, whether or not such conversion, right or option,
warrant or similar right is then exercisable.

      "Good Reason" means (i) a material breach of Section 1.2 which is not
cured within thirty days after the Holdings Board's receipt of written notice
from Executive of non-compliance; (ii) a material diminution of Executive's
duties under this Agreement, including but not limited to the assignment to
Executive of duties inconsistent with Executive's position, duties or
responsibilities as in effect after the date of execution of this Agreement;
(iii) Executive's own physical or mental disability; or (iv) a material breach
of Section 2.1(b) which is not cured within thirty days after either the
Coinmach Board's or the CSC Board's receipt of written notice from Executive of
non-compliance. For purposes of this Agreement, "disability" shall mean
Executive's inability to perform his duties hereunder in a competent manner on
account of illness or other physical or mental incapacity, if such illness or
other physical or mental incapacity continues for a period of more than three
consecutive months, or an aggregate of six months in any twelve-month period
during the term hereof.

      "GTCR" means GTCR-CLC, LLC or any Affiliate thereof.

      "Holdings" has the meaning set forth in the preamble hereto.

      "Holdings Board" means the board of directors of Holdings.

      "IDSs" has the meaning set forth in the recitals hereto.

      "Investor Repurchase Notice" has the meaning set forth in Section 1.3(e)
hereto.

                                      -18-
<PAGE>
      "Investors" means, collectively, GTCR, Filbert Investment Pte Ltd, the
TCW/Crescent Purchasers, and each of their transferees.

      "IPO" has the meaning set forth in the recitals hereto.

      "LLC Agreement" means the Limited Liability Company Agreement, by and
among Holdings and its members, dated as of March 6, 2003, as amended as of ,
2004.

      "Management Contribution Agreement" means that certain Contribution
Agreement, dated on or prior to the date hereof, by and among Holdings,
Executive and MCS.

      "Management Repurchase Notice" has the meaning set forth in Section 1.3(d)
hereto.

      "MCS" has the meaning set forth in the preamble hereto.

      "Noncompete Breach" has the meaning set forth in Section 1.3(a) hereto.

      "Noncompete Period" has the meaning set forth in Section 2.3(a) hereto.

      "Original Cost" means, (i) with respect to each Common Unit, $.10 per
Unit, and (ii) with respect to each Preferred Unit, $1,000 per Unit (in each
case as proportionately adjusted for all subsequent securities splits, dividends
and other recapitalizations).

      "Other Senior Managers" means Mitchell Blatt, Robert M. Doyle and
Michael E. Stanky.

      "Participating Investor" has the meaning set forth in Section 1.4(d)
hereto.

      "Person" means an individual, a partnership, a limited liability company,
a corporation, an association, a joint stock company, a trust, a joint venture,
an unincorporated organization and a governmental entity or any department,
agency or political subdivision thereof.

      "Preferred Units" has the meaning set forth in the recitals hereto.

      "Public Offering" means a sale in an underwritten public offering
registered under the Securities Act (other than on Form S-8 or a similar or
successor form) of Common Units (or other shares of equity interests into which
such Common Units may be exchanged or converted) approved by the Holdings Board.

      "Public Sale" means (i) any sale pursuant to a Public Offering or (ii) any
sale to the public pursuant to Rule 144 promulgated under the Securities Act
effected through a broker, dealer or market maker (other than pursuant to Rule
144(k) prior to a Public Offering).

      "Qualified Disposition" means a Significant Sale in which the aggregate
consideration (including the fair market value of any notes or other evidence of
indebtedness) received by GTCR at the closing of such Significant Sale is equal
to or greater than 300% of the aggregate net amount invested in Holdings and its
Subsidiaries by GTCR on or after July 3, 2000 through the date of such closing.

      "Qualified Disposition Put Option" has the meaning set forth in Section
1.2(a) hereto.

                                      -19-
<PAGE>
      "Repurchase Notice" has the meaning set forth in Section 1.3(c) hereto.

      "Repurchase Option" has the meaning set forth in Section 1.3(a) hereto.

      "Sale Notice" has the meaning set forth in Section 1.4(b) hereto.

      "Securities Act" means the Securities Act of 1933, as amended from time to
time.

      "Securityholders Agreement" means the Amended and Restated Securityholders
Agreement, dated as of         , 2004 among Holdings, certain of its
securityholders, and CSC.

      "Significant Sale" means any transaction or series of transactions
pursuant to which any Person or group of related Persons in the aggregate
acquire(s) (i) equity securities of Holdings possessing the voting power (other
than voting rights accruing only in the event of a default, breach or event of
noncompliance) to elect a majority of the Holdings Board (whether by merger,
consolidation, reorganization, combination or sale or Transfer of Holdings'
equity or otherwise) or (ii) all or substantially all of Holdings' assets
determined on a consolidated basis; provided that none of (w) a Public Offering,
(x) a pro rata distribution of the Class B Common Stock to a unit holder or unit
holders of Holdings, (y) the redemption by CSC or sale by Holdings to CSC of
shares of Class B Common Stock or (z) a sale by Holdings in an underwritten
public offering registered under the Securities Act of shares of Class B Common
Stock shall constitute a Significant Sale.

      "Subsidiary" means, with respect to any Person, any corporation,
partnership, association or other business entity of which (i) if a corporation,
a majority of the total voting power of securities entitled (without regard to
the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof is at the time owned or controlled, directly or
indirectly, by that Person or one or more of the other Subsidiaries of that
Person or a combination thereof, or (ii) if a partnership, association or other
business entity, a majority of the partnership or other similar ownership
interest thereof is at the time owned or controlled, directly or indirectly, by
any Person or one or more Subsidiaries of that Person or a combination thereof.
For purposes hereof, a Person or Persons shall be deemed to have a majority
ownership interest in a partnership, association or other business entity if
such Person or Persons shall be allocated a majority of partnership, association
or other business entity gains or losses or shall be or control the managing
director or general partner of such partnership, association or other business
entity. Reference to any "Subsidiary" of the Company or CSC shall be given
effect only at such times as the Company or CSC has one or more Subsidiaries.

      "Supplemental Investor Repurchase Notice" has the meaning set forth in
Section 1.3(e) hereto.

      "Supplemental Management Repurchase Notice" has the meaning set forth in
Section 1.3(d) hereto.

      "Taxes" has the meaning set forth in Section 3.3(k) hereto.

      "TCW/Crescent Purchasers" means, collectively, TCW/Crescent Mezzanine
Partners II, L.P., a Delaware limited partnership, TCW/Crescent Mezzanine Trust
II, a Delaware business

                                      -20-
<PAGE>
trust, TCW Leverage Income Trust, L.P., a Delaware limited partnership, and TCW
Leveraged Income Trust II, L.P., a Delaware limited partnership, any of their
Affiliates or any holder of Units for whom Trust Company of the West or any
Affiliate of Trust Company of the West acts as an Account Manager (each
individually a "TCW/Crescent Purchaser").

      "Termination" has the meaning set forth in Section 1.3(a) hereto.

      "Termination Put Option" has the meaning set forth in Section 1.2(b)
hereto.

      "Transactions" has the meaning set forth in the recitals hereto.

      "Transfer" has the meaning set forth in Section 1.4(a) hereto.

      "Units" has the meaning set forth in the LLC Agreement.

      "Unvested Common Units" has the meaning set forth in Section 1.1 hereto.

      "Vested Common Units" has the meaning set forth in Section 1.1 hereto.

      3.2 Notices. Any notice provided for in this Agreement must be in writing
and must be either personally delivered, mailed by first class mail (postage
prepaid and return receipt requested) or sent by reputable overnight courier
service (charges prepaid) to the recipient at the address below indicated or
such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party:

            If to the Company, to:

                  Coinmach Corporation
                  303 Sunnyside Blvd.
                  Suite 70
                  Plainview, New York 11803
                  Attention: Chief Executive Officer

                  with copies, which will not constitute notice to the
                  Company, to:

                  GTCR Fund VII, L.P.
                  c/o GTCR Golder Rauner, L.L.C.
                  6100 Sears Tower
                  Chicago, Illinois  60606-6402
                  Attention: David A. Donnini

                  Kirkland & Ellis
                  200 East Randolph Drive
                  Chicago, Illinois  60601
                  Attention: Stephen L. Ritchie, P.C.

                  Mayer, Brown, Rowe & Maw LLP
                  1675 Broadway

                                      -21-
<PAGE>
                  New York, New York  10019
                  Attention: Ronald S. Brody

            If to CSC, to:

                  Coinmach Service Corp.
                  303 Sunnyside Blvd.
                  Suite 70
                  Plainview, NY  11803
                  Attention: Chief Executive Officer

                  with copies, which will not constitute notice to CSC, to:

                  GTCR-CLC, LLC
                  c/o GTCR Golder Rauner, L.L.C.
                  Sears Tower
                  Chicago, IL 60606-6402
                  Attention: David A. Donnini
                  Kirkland & Ellis
                  200 East Randolph Drive
                  Chicago, IL 60601
                  Attention: Stephen L. Ritchie, P.C.

                  Mayer, Brown, Rowe & Maw LLP
                  1675 Broadway
                  New York, NY 10019
                  Attention: Ronald S. Brody

            If to Holdings, to:

                  Coinmach Holdings, LLC
                  c/o Coinmach Laundry Corporation
                  521 East Morehead Street
                  Suite 590
                  Charlotte, NC  28202
                  Attention: Stephen R. Kerrigan

                  with copies, which will not constitute notice to
                  Holdings, to:

                  GTCR-CLC, LLC
                  c/o GTCR Golder Rauner, L.L.C.
                  Sears Tower
                  Chicago, IL 60606-6402
                  Attention: David A. Donnini

                                      -22-
<PAGE>
                  Kirkland & Ellis
                  200 East Randolph Drive
                  Chicago, IL 60601
                  Attention: Stephen L. Ritchie, P.C.

                  Mayer, Brown, Rowe & Maw LLP
                  1675 Broadway
                  New York, NY 10019
                  Attention: Ronald S. Brody

            If to Executive or MCS, to:

                  Stephen R. Kerrigan
                  c/o Coinmach Corporation
                  521 East Morehead
                  Charlotte, North Carolina 28202

Any notice to an Investor shall be sent to the address for such Investor as set
forth in the current records of Holdings and a copy of such notice shall be sent
to GTCR and to Kirkland & Ellis at their respective addresses set forth above.
Any notice under this Agreement will be deemed to have been given when so
delivered or sent or, if mailed, five days after deposit in the U.S. mail.

      3.3 General Provisions.

      (a) Transfers in Violation of Agreement. Any Transfer or attempted
Transfer of any Executive Units in violation of any provision of this Agreement
shall be void, and Holdings shall not record such Transfer on its books or treat
any purported transferee of such Executive Units as the owner of such equity for
any purpose.

      (b) Severability. Whenever possible, each provision of this Agreement will
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

      (c) Complete Agreement. This Agreement, those documents expressly referred
to herein and other documents of even date herewith (i) embody the complete
agreement and understanding among the parties, (ii) supersede and preempt any
prior summaries of terms and conditions, understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way (except for any indemnity agreement that
may be or may have been entered into by and between Executive and CSC), and
(iii) terminate and cancel the Existing Employment Agreement.

      (d) Counterparts. This Agreement may be executed in separate counterparts
(including by means of telecopied signature pages), each of which is deemed to
be an original and all of which taken together constitute one and the same
agreement.

                                      -23-
<PAGE>
      (e) Successors and Assigns. Except as otherwise provided herein, this
Agreement shall bind MCS, Executive, CSC and the Company and their respective
successors and permitted assigns and inure to the benefit of and be enforceable
by MCS, Executive, CSC, the Company, GTCR, the Investors and each of their
respective successors and permitted assigns (including in each case subsequent
holders of Executive Units); provided that MCS may not assign any of its rights
under any provision of Article I of this Agreement except as part of a Transfer
of Executive Units in accordance with (i) Section 1.3 and Section 1.4 of this
Agreement, and (ii) Section 3(a) (participation rights) and Section 3(c)
(permitted transfers) of the Securityholders Agreement.

      (f) Choice of Law. The limited liability company law of the State of
Delaware will govern all questions concerning the relative rights of Holdings
and its securityholders. All other questions concerning the construction,
validity and interpretation of this Agreement and the exhibits hereto will be
governed by and construed in accordance with the internal laws of the State of
Delaware, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the
State of Delaware.

      (g) Remedies. Each of the parties to this Agreement (including the
Investors) will be entitled to enforce its rights under this Agreement,
specifically, to recover damages and costs (including attorney's fees) caused by
any breach of any provision of this Agreement and to exercise all other rights
existing in its favor. The parties hereto agree and acknowledge that money
damages may not be an adequate remedy for any breach of the provisions of this
Agreement and, except as otherwise provided in Section 2.3(d), that any party
may in its sole discretion apply to any court of law or equity of competent
jurisdiction (without posting any bond or deposit) for specific performance
and/or other injunctive relief in order to enforce or prevent any violations of
the provisions of this Agreement.

      (h) Amendment and Waiver. Except as otherwise expressly provided herein,
the provisions of this Agreement may be amended or modified only by written
agreement of CSC, the Company and Executive. No other course of dealing between
the parties or third-party beneficiaries hereof or any delay in exercising any
rights hereunder shall operate as a waiver of any rights of any such holders.

      (i) Survival Upon Termination. Notwithstanding a Termination, this
Agreement (excluding Sections 2.1(a) and (b)) shall survive and continue in full
force and effect in accordance with its terms.

      (j) Business Days. If any time period for giving notice or taking action
hereunder expires on a day which is a Saturday, Sunday or holiday in the state
in which CSC's chief executive office is located, the time period shall be
automatically extended to the business day immediately following such Saturday,
Sunday or holiday.

      (k) Indemnification and Reimbursement of Payments on Behalf of
Executive/MCS. CSC, the Company and their respective Subsidiaries shall be
entitled to deduct or withhold from any amounts owing from CSC, the Company or
any of their respective Subsidiaries to Executive or MCS, as the case may be,
any federal, state, local or foreign withholding taxes, excise taxes,

                                      -24-
<PAGE>
or employment taxes ("Taxes") imposed with respect to Executive's compensation
or other payments from CSC, the Company or any of their respective Subsidiaries
or MCS's ownership interest in Holdings, including, without limitation, wages,
bonuses, dividends, the receipt or exercise of equity options and/or the receipt
or vesting of restricted equity. In the event CSC, the Company or their
respective Subsidiaries do not make such deductions or withholdings, Executive
or MCS, as the case may by, shall indemnify CSC, the Company and their
respective Subsidiaries for any amounts paid with respect to any such Taxes.

      (l) Deemed Transfer of Executive Units. If Holdings (and/or the Investors
and/or any other Person acquiring securities) shall make available, at the time
and place and in the amount and form provided in this Agreement, the
consideration for the Executive Units to be repurchased in accordance with the
provisions of this Agreement, then from and after such time, the Person from
whom such Units are to be repurchased shall no longer have any rights as a
holder of such Units (other than the right to receive payment of such
consideration in accordance with this Agreement), and such Units shall be deemed
purchased in accordance with the applicable provisions hereof and Holdings
(and/or the Investors and/or any other Person acquiring securities) shall be
deemed the owner and holder of such Units, whether or not the certificates
therefor have been delivered as required by this Agreement.

      (m) Rights Granted to GTCR and Other Investors and Their Affiliates. Any
rights granted to GTCR and other Investors and their Affiliates hereunder may
also be exercised (in whole or in part) by any Affiliate thereof.

      (n) Third-Party Beneficiaries. Certain provisions of this Agreement are
entered into for the benefit of and shall be enforceable by the Investors as
provided herein.

      (o) Descriptive Headings; Interpretation. The descriptive headings of this
Agreement are inserted for convenience only and do not constitute a paragraph of
this Agreement. The use of the word "including" in this Agreement shall be by
way of example rather than by limitation.

                                 * * * * *

                                      -25-
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have executed this Amended and
Restated Senior Management Agreement on the date first written above.

                                    COINMACH CORPORATION

                                     By:
                                        ------------------------------
                                        Name: Mitchell Blatt
                                        Title:   President

                                    COINMACH SERVICE CORP.

                                     By:
                                        ------------------------------
                                        Name: Robert M. Doyle
                                        Title:  Chief Financial Officer,
                                              Senior Vice President, Secretary
                                              and Treasurer

                                    COINMACH HOLDINGS, LLC

                                     By:
                                        ------------------------------
                                        Name: Mitchell Blatt
                                        Title:   President

                                    MCS CAPITAL, INC.

                                     By:
                                        ------------------------------
                                        Name: Stephen R. Kerrigan
                                        Title: President

                                    EXECUTIVE:

                                    ------------------------------
                                    Stephen R. Kerrigan
<PAGE>
                                     CONSENT

      The undersigned spouse of Executive hereby acknowledges that I have read
the foregoing Agreement (the "Amended and Restated SMA") and that I understand
its contents. I am aware that the Amended and Restated SMA provides for the
repurchase of the Executive Units under certain circumstances and imposes other
restrictions on the transfer of such Executive Units. I agree that MCS's, my and
my spouse's interest in the Executive Units are subject to:

      (i) the Amended and Restated SMA,

      (ii) the Limited Liability Company Agreement, dated as of March 6, 2003,
by and among Coinmach Holdings, LLC ("Holdings") and certain of its members (the
"LLC Agreement"), as amended on          , 2004,

      (iii) the Amended and Restated Securityholders Agreement, dated as
of            , 2004, by and among Holdings and the other parties thereto
(the "Securityholders Agreement"),

      (iv) the Registration Agreement, dated as of March 6, 2003, by and among
Holdings and the other parties thereto (the "Registration Agreement"),

      (v) the Management Contribution Agreement, dated as of March 5,
2003, by and between Holdings and MCS Capital, Inc. (the "Contribution
Agreement")

      (vi) the Amended and Restated Promissory Note, dated as of March 6,
2003, by MCS Capital, Inc. in favor of Coinmach Laundry Corporation (the
"Promissory Note"); and

      (vii) the Amended and Restated Security Agreement, dated as of March 6,
2003, by and between MCS Capital, Inc. and Coinmach Laundry Corporation (the
"Security Agreement", and collectively with the Amended and Restated SMA, the
LLC Agreement, the Securityholders Agreement, the Registration Agreement, the
Contribution Agreement and the Promissory Note, the "Operative Agreements").

      I further agree that any interest I may have, directly or indirectly, in
such Executive Units shall be irrevocably bound by the Operative Agreements and
that my community or marital property interest, if any, shall be similarly bound
by the Operative Agreements.

                                          --------------------------
                                          Maureen W. Kerrigan

WITNESS:

-----------------------
Name:

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