Document:

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                                                                     Exhibit 4.1

                               BE AEROSPACE, INC.

                                       TO

                              THE BANK OF NEW YORK

                                     Trustee

                                   ----------

                                    Indenture

                           Dated as of October 7, 2003

                                   ----------

                                  $175,000,000

                          8 1/2% Senior Notes due 2010

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                               BE AEROSPACE, INC.

               Reconciliation and tie between Trust Indenture Act
               of 1939 and Indenture, dated as of October 7, 2003

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<S>                                                                   <C>
Trust Indenture                                                       Indenture
  Act Section                                                         Section
 310(a)(1)     ...............................................        607
       (a)(2)  ...............................................        607
       (b)     ...............................................        608
 312(c)        ...............................................        701
 314(a)(4)     ...............................................        1008(a)
       (c)(1)  ...............................................        103
       (c)(2)  ...............................................        103
       (e)     ...............................................        103
 315(b)        ...............................................        601
 316(a)(last
   sentence)   ...............................................        101 ("Outstanding")
    (a)(1)(A)  ...............................................        502, 512
    (a)(1)(B)  ...............................................        513
       (b)     ...............................................        508
       (c)     ...............................................        105(d)
 317(a)(1)     ...............................................        503
       (a)(2)  ...............................................        504
       (b)     ...............................................        1003
 318(a)        ...............................................        112
</Table>

Note: This reconciliation and tie shall not, for any purpose, be deemed to be a
part of the Indenture.

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ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS  OF GENERAL APPLICATION..........................................................1

SECTION 101. DEFINITIONS......................................................................................................1
         Acquired Indebtedness................................................................................................2
         Act..................................................................................................................2
         Additional Securities................................................................................................2
         Affiliate............................................................................................................2
         Agent Bank...........................................................................................................2
         Applicable Procedures................................................................................................2
         Asset Acquisition....................................................................................................2
         Asset Sale...........................................................................................................2
         Attributable Indebtedness............................................................................................3
         Average Life.........................................................................................................3
         Bank Credit Agreement................................................................................................3
         Banks................................................................................................................3
         Board of Directors...................................................................................................3
         Board Resolution.....................................................................................................3
         Business Day.........................................................................................................3
         Capital Stock........................................................................................................4
         Capitalized Lease Obligation.........................................................................................4
         Cash Equivalents.....................................................................................................4
         Change of Control....................................................................................................4
         Clearstream..........................................................................................................5
         Closing Date.........................................................................................................5
         Commission...........................................................................................................5
         Commodity Price Protection Obligation................................................................................5
         Common Stock.........................................................................................................5
         Company..............................................................................................................5
         Company Request......................................................................................................5
         Company Order........................................................................................................5
         Consolidated Adjusted Net Income.....................................................................................5
         Consolidated Debt....................................................................................................6
         Consolidated EBITDA..................................................................................................6
         Consolidated Fixed Charge Coverage Ratio.............................................................................6
         Consolidated Income Tax Expenses.....................................................................................6
         Consolidated Interest Expense........................................................................................6
         Consolidated Net Tangible Assets.....................................................................................7
         Consolidated Noncash Charges.........................................................................................7
         Consolidated Total Assets............................................................................................7
         Corporate Trust Office...............................................................................................7
         corporation..........................................................................................................7
         Credit Facilities....................................................................................................7
         Currency Exchange Protection Obligation..............................................................................7
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         <S>                                                                                                                 <C>
         Default..............................................................................................................7
         Defaulted Interest...................................................................................................7
         Depositary...........................................................................................................7
         Disinterested Director...............................................................................................8
         Domestic Subsidiary..................................................................................................8
         Eligible Inventories.................................................................................................8
         Eligible Receivables.................................................................................................8
         Equity Offering......................................................................................................8
         Euroclear............................................................................................................8
         Event of Default.....................................................................................................8
         Excess Proceeds Offer................................................................................................8
         Exchange Act.........................................................................................................8
         Exchange Offer.......................................................................................................8
         Exchange Offer Registration Statement................................................................................8
         Exchange Global Securities...........................................................................................8
         Exchange Securities..................................................................................................8
         Fair Market Value....................................................................................................9
         Federal Bankruptcy Code..............................................................................................9
         Foreign Subsidiary...................................................................................................9
         Fully Traded Common Stock............................................................................................9
         GAAP.................................................................................................................9
         Global Security......................................................................................................9
         guarantee............................................................................................................9
         Guarantee............................................................................................................9
         Guarantor............................................................................................................9
         Hedging Protection Obligations......................................................................................10
         Holder..............................................................................................................10
         Indebtedness........................................................................................................10
         Indenture...........................................................................................................11
         Initial Securities..................................................................................................11
         Interest Payment Date...............................................................................................11
         Interest Rate Protection Obligations................................................................................11
         Investment..........................................................................................................11
         Lien................................................................................................................11
         Maturity............................................................................................................11
         Moody's.............................................................................................................11
         Net Cash Proceeds...................................................................................................11
         Non-U.S. Person.....................................................................................................12
         Officers' Certificate...............................................................................................12
         Opinion of Counsel..................................................................................................12
         Outstanding.........................................................................................................12
         Pari Passu Indebtedness.............................................................................................13
         Paying Agent........................................................................................................13
         Permitted Indebtedness..............................................................................................13
         Permitted Investments...............................................................................................13
         Permitted Liens.....................................................................................................13
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         <S>                                                                                                                 <C>
         Person..............................................................................................................15
         Predecessor Security................................................................................................15
         Preferred Stock.....................................................................................................16
         QIB.................................................................................................................16
         Qualified Institutional Buyer.......................................................................................16
         Qualified Capital Stock.............................................................................................16
         Redeemable Capital Stock............................................................................................16
         Redemption Date.....................................................................................................16
         Redemption Price....................................................................................................16
         Registration Rights Agreement.......................................................................................16
         Registration Statement..............................................................................................16
         Regular Record Date.................................................................................................16
         Regulation S........................................................................................................16
         Regulation S Global Securities......................................................................................17
         Responsible Officer.................................................................................................17
         Restricted Subsidiary...............................................................................................17
         Rule 144A...........................................................................................................17
         S&P.................................................................................................................17
         Sale/Leaseback Transaction..........................................................................................17
         Securities..........................................................................................................17
         Securities Act......................................................................................................17
         Security Register...................................................................................................17
         Security Registrar..................................................................................................17
         Senior Indebtedness.................................................................................................17
         Shelf Registration Statement........................................................................................17
         Significant Subsidiary..............................................................................................17
         Special Record Date.................................................................................................18
         Stated Maturity.....................................................................................................18
         Subordinated Indebtedness...........................................................................................18
         Subsidiary..........................................................................................................18
         total consolidated revenues.........................................................................................18
         Trust Indenture Act.................................................................................................18
         TIA.................................................................................................................18
         Trustee.............................................................................................................18
         Unrestricted Subsidiary.............................................................................................18
         Vice President......................................................................................................19
         Voting Stock........................................................................................................19
         wholly-owned........................................................................................................19
         8% Notes............................................................................................................19
         8 7/8% Notes........................................................................................................19
         9 1/2% Notes........................................................................................................19
SECTION 102. INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT...............................................................19
SECTION 103. COMPLIANCE CERTIFICATES AND OPINIONS............................................................................20
SECTION 104. FORM OF DOCUMENTS DELIVERED TO TRUSTEE..........................................................................20
SECTION 105. ACTS OF HOLDERS.................................................................................................21
SECTION 106. NOTICES, ETC., TO TRUSTEE, COMPANY..............................................................................22
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<S>                                                                                                                          <C>
SECTION 107. NOTICE TO HOLDERS; WAIVER.......................................................................................22
SECTION 108. EFFECT OF HEADINGS AND TABLE OF CONTENTS........................................................................23
SECTION 109. SUCCESSORS AND ASSIGNS..........................................................................................23
SECTION 110. SEPARABILITY CLAUSE.............................................................................................23
SECTION 111. BENEFITS OF INDENTURE...........................................................................................23
SECTION 112. GOVERNING LAW...................................................................................................23
SECTION 113. LEGAL HOLIDAYS..................................................................................................23
SECTION 114. NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES, MEMBERS, PARTNERS AND STOCKHOLDERS.....................24

ARTICLE TWO SECURITY FORMS...................................................................................................25

SECTION 201. FORMS GENERALLY.................................................................................................25
SECTION 202. RESTRICTIVE LEGENDS.............................................................................................26

ARTICLE THREE THE SECURITIES.................................................................................................28

SECTION 301. TITLE AND TERMS.................................................................................................28
SECTION 302. DENOMINATIONS...................................................................................................29
SECTION 303. EXECUTION, AUTHENTICATION, DELIVERY AND DATING..................................................................29
SECTION 304. TEMPORARY SECURITIES............................................................................................30
SECTION 305. REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE.............................................................30
SECTION 306. BOOK-ENTRY PROVISIONS FOR GLOBAL SECURITIES.....................................................................32
SECTION 307. SPECIAL TRANSFER PROVISIONS.....................................................................................33
SECTION 308. MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES................................................................35
SECTION 309. PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED..................................................................36
SECTION 310. PERSONS DEEMED OWNERS...........................................................................................37
SECTION 311. CANCELLATION....................................................................................................37
SECTION 312. COMPUTATION OF INTEREST.........................................................................................38
SECTION 313. CUSIP NUMBERS...................................................................................................38

ARTICLE FOUR SATISFACTION AND DISCHARGE......................................................................................39

SECTION 401. SATISFACTION AND DISCHARGE OF INDENTURE.........................................................................39
SECTION 402. APPLICATION OF TRUST MONEY......................................................................................40

ARTICLE FIVE REMEDIES........................................................................................................41

SECTION 501. EVENTS OF DEFAULT...............................................................................................41
SECTION 502. ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT..............................................................42
SECTION 503. COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE.................................................44
SECTION 504. TRUSTEE MAY FILE PROOFS OF CLAIM................................................................................44
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SECTION 505. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES.....................................................45
SECTION 506. APPLICATION OF MONEY COLLECTED..................................................................................45
SECTION 507. LIMITATION ON SUITS.............................................................................................46
SECTION 508. UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST.......................................46
SECTION 509. RESTORATION OF RIGHTS AND REMEDIES..............................................................................46
SECTION 510. RIGHTS AND REMEDIES CUMULATIVE..................................................................................47
SECTION 511. DELAY OR OMISSION NOT WAIVER....................................................................................47
SECTION 512. CONTROL BY HOLDERS..............................................................................................47
SECTION 513. WAIVER OF PAST DEFAULTS.........................................................................................47
SECTION 514. WAIVER OF STAY OR EXTENSION LAWS................................................................................48

ARTICLE SIX THE TRUSTEE......................................................................................................49

SECTION 601. NOTICE OF DEFAULTS..............................................................................................49
SECTION 602. CERTAIN RIGHTS OF TRUSTEE.......................................................................................49
SECTION 603. TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES..................................................51
SECTION 604. MAY HOLD SECURITIES.............................................................................................51
SECTION 605. MONEY HELD IN TRUST.............................................................................................51
SECTION 606. COMPENSATION AND REIMBURSEMENT..................................................................................51
SECTION 607. CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.........................................................................52
SECTION 608. RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR...............................................................52
SECTION 609. ACCEPTANCE OF APPOINTMENT BY SUCCESSOR..........................................................................54
SECTION 610. MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.....................................................54

ARTICLE SEVEN HOLDERS' LISTS AND REPORTS BY TRUSTEE..........................................................................55

SECTION 701. DISCLOSURE OF NAMES AND ADDRESSES OF HOLDERS....................................................................55
SECTION 702. REPORTS BY TRUSTEE..............................................................................................55

ARTICLE EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE...........................................................56

SECTION 801. COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS............................................................56
SECTION 802. SUCCESSOR SUBSTITUTED...........................................................................................57
SECTION 803. SECURITIES TO BE SECURED IN CERTAIN EVENTS......................................................................57

ARTICLE NINE SUPPLEMENTAL INDENTURES.........................................................................................58

SECTION 901. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS..............................................................58
SECTION 902. SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS.................................................................58
SECTION 903. EXECUTION OF SUPPLEMENTAL INDENTURES............................................................................59
SECTION 904. EFFECT OF SUPPLEMENTAL INDENTURES...............................................................................59
</Table>

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<S>                                                                                                                          <C>
SECTION 905. CONFORMITY WITH TRUST INDENTURE ACT.............................................................................60
SECTION 906. REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES..............................................................60
SECTION 907. NOTICE OF SUPPLEMENTAL INDENTURES...............................................................................60

ARTICLE TEN COVENANTS........................................................................................................61

SECTION 1001. PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST............................................................61
SECTION 1002. MAINTENANCE OF OFFICE OR AGENCY................................................................................61
SECTION 1003. MONEY FOR SECURITY PAYMENTS TO BE HELD IN TRUST................................................................61
SECTION 1004. CORPORATE EXISTENCE............................................................................................62
SECTION 1005. PAYMENT OF TAXES AND OTHER CLAIMS..............................................................................63
SECTION 1006. MAINTENANCE OF PROPERTIES......................................................................................63
SECTION 1007. INSURANCE......................................................................................................63
SECTION 1008. STATEMENT BY OFFICERS AS TO DEFAULT............................................................................63
SECTION 1009. PROVISION OF FINANCIAL STATEMENTS..............................................................................64
SECTION 1010. LIMITATION ON INDEBTEDNESS.....................................................................................64
SECTION 1011. LIMITATION ON RESTRICTED PAYMENTS..............................................................................67
SECTION 1012. INTENTIONALLY OMITTED..........................................................................................70
SECTION 1013. LIMITATION ON TRANSACTIONS WITH AFFILIATES.....................................................................70
SECTION 1014. LIMITATION ON LIENS............................................................................................71
SECTION 1015. CHANGE OF CONTROL..............................................................................................71
SECTION 1016. LIMITATION ON DISPOSITION OF PROCEEDS OF ASSET SALES...........................................................72
SECTION 1017. LIMITATION ON GUARANTEES OF INDEBTEDNESS BY RESTRICTED SUBSIDIARIES............................................73
SECTION 1018. LIMITATION ON DIVIDENDS AND OTHER PAYMENT RESTRICTIONS AFFECTING RESTRICTED SUBSIDIARIES.......................74
SECTION 1019. INTENTIONALLY OMITTED..........................................................................................75
SECTION 1020. LIMITATION ON SALE/LEASEBACK TRANSACTIONS......................................................................75
SECTION 1021. ISSUANCES OF GUARANTEES BY WHOLLY-OWNED DOMESTIC SUBSIDIARIES..................................................75
SECTION 1022. PAYMENTS FOR CONSENT...........................................................................................76
SECTION 1023. LIMITATION ON CREDIT SUPPORT FOR UNRESTRICTED SUBSIDIARIES.....................................................76
SECTION 1024. WAIVER OF CERTAIN COVENANTS....................................................................................76

ARTICLE ELEVEN REDEMPTION OF SECURITIES......................................................................................78

SECTION 1101. RIGHT OF REDEMPTION............................................................................................78
SECTION 1102. APPLICABILITY OF ARTICLE.......................................................................................78
SECTION 1103. ELECTION TO REDEEM; NOTICE TO TRUSTEE..........................................................................78
SECTION 1104. SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED..............................................................78
SECTION 1105. NOTICE OF REDEMPTION...........................................................................................79
SECTION 1106. DEPOSIT OF REDEMPTION PRICE....................................................................................79
SECTION 1107. SECURITIES PAYABLE ON REDEMPTION DATE..........................................................................80
SECTION 1108. SECURITIES REDEEMED IN PART....................................................................................80
</Table>

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<S>                                                                                                                          <C>
ARTICLE TWELVE DEFEASANCE AND COVENANT DEFEASANCE............................................................................81

SECTION 1201. COMPANY'S OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE...................................................81
SECTION 1202. DEFEASANCE AND DISCHARGE.......................................................................................81
SECTION 1203. COVENANT DEFEASANCE............................................................................................81
SECTION 1204. CONDITIONS TO DEFEASANCE OR COVENANT DEFEASANCE................................................................82
SECTION 1205. DEPOSITED MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS............83
SECTION 1206. REINSTATEMENT..................................................................................................84

                                    EXHIBITS

Exhibit A         Form of Security
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          INDENTURE, dated as of October 7, 2003 between BE AEROSPACE, INC., a
corporation duly organized and existing under the laws of the State of Delaware
(herein called the "Company"), having its principal office at 1400 Corporate
Center Way, Wellington, Florida 33414, and THE BANK OF NEW YORK, a New York
banking corporation formed under the laws of the State of New York, as Trustee
(herein called the "Trustee").

                             RECITALS OF THE COMPANY

          The Company has duly authorized the creation of an issue of 8 1/2%
Senior Notes due 2010 (herein called the "Initial Securities"), and 8 1/2%
Series B Senior Notes due 2010 (the "Exchange Securities" and, together with the
Initial Securities and any Additional Securities, as defined herein, the
"Securities") of substantially the tenor and amount hereinafter set forth
(subject to the ability of the Company to issue Additional Securities hereunder
as described herein), and to provide therefor the Company has duly authorized
the execution and delivery of this Indenture.

          Upon the issuance of the Exchange Securities, if any, or the
effectiveness of the Shelf Registration Statement (as defined herein), this
Indenture will be subject to the provisions of the Trust Indenture Act of 1939,
as amended, that are required to be part of this Indenture and shall, to the
extent applicable, be governed by such provisions.

          All things necessary have been done to make the Securities, when
executed by the Company and authenticated and delivered hereunder and duly
issued by the Company, the valid obligations of the Company and to make this
Indenture a valid agreement of the Company, in accordance with their and its
terms.

          NOW, THEREFORE, THIS INDENTURE WITNESSETH:

          For and in consideration of the premises and the purchase of the
Securities by the Holders thereof, it is mutually covenanted and agreed, for the
equal and proportionate benefit of all Holders of the Securities, as follows:

                                   ARTICLE ONE

                        DEFINITIONS AND OTHER PROVISIONS
                             OF GENERAL APPLICATION

          SECTION 101.  DEFINITIONS.

          For all purposes of this Indenture, except as otherwise expressly
provided or unless the context otherwise requires:

          (a)     the terms defined in this Article have the meanings assigned
to them in this Article, and include the plural as well as the singular;

          (b)     all other terms used herein which are defined in the Trust
Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein, and the terms "cash transaction" and "self-liquidating
paper", as used in TIA Section 311, shall have the meanings assigned to them in
the rules of the Commission adopted under the Trust Indenture Act;

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          (c)     all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with GAAP; and

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

          Certain terms, used principally in Articles Two, Ten and Twelve, are
defined in those Articles.

          "Acquired Indebtedness" means Indebtedness of a Person (a) assumed in
connection with an Asset Acquisition from such Person or (b) existing at the
time such Person becomes a subsidiary of any other Person (other than any
Indebtedness incurred in connection with, or in contemplation of, such Asset
Acquisition or such Person becoming such a subsidiary).

          "Act", when used with respect to any Holder, has the meaning specified
in Section 105.

          "Additional Securities" means further Securities (other than the
Initial Securities issued on the date of this Indenture) issued under this
Indenture in accordance with the terms of this Indenture, including Section 303
hereof, as part of the same series as the Initial Securities, ranking equally
with the Initial Securities in all respects, subject to compliance with Section
1010 herein.

          "Affiliate" means, with respect to any specified Person, any other
Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person.

          "Agent Bank" means JPMorgan Chase Bank (formerly known as The Chase
Manhattan Bank), a New York banking corporation, as Administrative Agent under
the Bank Credit Agreement, and any future agent under the Bank Credit Agreement.

          "Applicable Procedures" means, with respect to any transfer or
transaction involving a Global Security or beneficial interest therein, the
rules and procedures of the Depositary for such Security, Euroclear and
Clearstream, in each case to the extent applicable to such transaction and as in
effect at the time of such transfer or transaction.

          "Asset Acquisition" means (a) an Investment by the Company or any
Restricted Subsidiary of the Company in any other Person pursuant to which such
Person shall become a Restricted Subsidiary or any Restricted Subsidiary shall
be merged with or into the Company or any Restricted Subsidiary or (b) the
acquisition by the Company or any Restricted Subsidiary of the assets of any
Person which constitute all or substantially all of the assets of such Person or
any division or line of business of such Person.

          "Asset Sale" means any sale, issuance, conveyance, transfer, lease or
other disposition to any Person other than the Company or a Restricted
Subsidiary, in one or a series of related transactions, of (a) any Capital Stock
of any Restricted Subsidiary held by the Company or any Restricted Subsidiary;
(b) all or substantially all of the properties and assets of any division or
line of business of the Company or any Restricted Subsidiary; or (c) any other
properties or assets of the Company or any Restricted Subsidiary other than in
the ordinary course of business. For the purposes

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of this definition, the term "Asset Sale" shall not include any sale, issuance,
conveyance, transfer, lease or other disposition of properties or assets (i)
that is governed by the provisions of Article Eight of this Indenture, (ii) that
constitutes a Permitted Investment or Restricted Payment, if permitted under
Section 1011 of this Indenture, (iii) that consists of damaged, obsolete or worn
out property or equipment, or property or equipment that is no longer necessary
or useful in the conduct of the business of the Company and its Restricted
Subsidiaries or (iv) having a Fair Market Value of less than $250,000.

          "Attributable Indebtedness" in respect of a Sale/Leaseback Transaction
means, as at the time of determination, the present value (discounted at the
interest rate borne by the Securities, compounded annually) of the total
obligations of the lessee for rental payments during the remaining term of the
lease included in such Sale/Leaseback Transaction (including any period for
which such lease has been extended); provided, however, that "Attributable
Indebtedness" shall not include any such obligations to the extent they relate
to the lease of manufacturing facilities, warehouses, offices, distribution
facilities or other facilities, including without limitation, the fixtures
appertaining thereto, unless such obligations are required to be recorded on the
Company's balance sheet in accordance with GAAP.

          "Average Life" means, with respect to any Indebtedness, as at any date
of determination, the quotient obtained by dividing (a) the sum of the products
of (i) the number of years from such date to the date or dates of each
successive scheduled principal payment (including, without limitation, any
sinking fund requirements) of such Indebtedness multiplied by (ii) the amount of
each such principal payment by (b) the sum of all such principal payments.

          "Bank Credit Agreement" means the Credit Agreement dated as of August
21, 2001, as amended as of December 14, 2001, January 23, 2003, March 4, 2003,
September 26, 2003 and October 2, 2003, between the Company and the Banks as in
effect on the date hereof and as such Agreement may be amended, restated,
supplemented, modified, renewed, refunded, replaced (which replacement can occur
after termination of the relevant agreement), refinanced or substituted in one
or more agreements and in whole or in part from time to time.

          "Banks" means the banks and other financial institutions from time to
time that are lenders under the Bank Credit Agreement.

          "Board of Directors" means either the board of directors of the
Company or any duly authorized committee of that board.

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

          "Business Day" means each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in The City of New York
or the city in which the principal corporate trust office of the Trustee is
located are authorized or obligated by law or executive order to close.

                                       -3-
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          "Capital Stock" means, with respect to any Person, any and all shares,
interests, participations, rights in or other equivalents (however designated)
of such Person's capital stock, and any rights (other than debt securities
convertible into capital stock), warrants or options exchangeable for or
convertible into such capital stock.

          "Capitalized Lease Obligation" means any obligation under a lease of
(or other agreement conveying the right to use) any property (whether real,
personal or mixed) that is required to be classified and accounted for as a
capital lease obligation under GAAP, and, for the purpose of this Indenture, the
amount of such obligation at any date shall be the capitalized amount thereof at
such date, determined in accordance with GAAP.

          "Cash Equivalents" means (i) any evidence of Indebtedness with a
maturity of 180 days or less issued or directly and fully guaranteed or insured
by the United States of America or any agency or instrumentality thereof
(provided that the full faith and credit of the United States of America is
pledged in support thereof); (ii) certificates of deposit or acceptances with a
maturity of 180 days or less of any financial institution that is a member of
the Federal Reserve System having combined capital and surplus and undivided
profits of not less than $500,000,000; (iii) commercial paper with a maturity of
180 days or less issued by a corporation that is not an Affiliate of the Company
and is organized under the laws of any state of the United States or the
District of Columbia and rated at least A-1 by S&P or at least P-1 by Moody's;
(iv) repurchase obligations with a term of not more than thirty days for
underlying securities of the types described in clauses (i) and (ii) above
entered into with any financial institution meeting the qualifications specified
in clause (ii) above; and (v) money market funds, at least 95% of the assets of
which constitute Cash Equivalents of the kinds described in clauses (i) through
(iv) of this definition.

          "Change of Control" means the occurrence of any of the following
events: (a) any "person" or "group" (as such terms are used in Sections 13(d)
and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined
in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person shall be
deemed to have "beneficial ownership" of all securities that such Person has the
right to acquire, whether such right is exercisable immediately or only after
the passage of time), directly or indirectly, of more than 40% of the total
Voting Stock of the Company; (b) the Company consolidates with, or merges with
or into, another Person or sells, assigns, conveys, transfers, leases or
otherwise disposes of all or substantially all of its assets to any Person, or
any Person consolidates with, or merges with or into, the Company, in any such
event pursuant to a transaction in which the outstanding Voting Stock of the
Company is converted into or exchanged for cash, securities or other property,
other than any such transaction where (i) the outstanding Voting Stock of the
Company is converted into or exchanged for (1) Voting Stock (other than
Redeemable Capital Stock) of the surviving or transferee corporation or (2)
cash, securities and other property in an amount which could be paid by the
Company as a Restricted Payment under this Indenture and (ii) immediately after
such transaction no "person" or "group" (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act) is the "beneficial owner" (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person shall be
deemed to have "beneficial ownership" of all securities that such Person has the
right to acquire, whether such right is exercisable immediately or only after
the passage of time), directly or indirectly, of more than 40% of the total
Voting Stock of the surviving or transferee corporation; (c) during any
consecutive two-year period, individuals who at the beginning of such period
constituted the Board of Directors of the Company (together with any new
directors

                                       -4-
<Page>

whose election by such Board of Directors or whose nomination for election by
the stockholders of the Company was approved by a vote of 66-2/3% of the
directors then still in office who were either directors at the beginning of
such period or whose election or nomination for election was previously so
approved) cease for any reason to constitute a majority of the Board of
Directors of the Company then in office; or (d) any final order, judgment or
decree of a court of competent jurisdiction shall be entered against the Company
decreeing the dissolution or liquidation of the Company.

          "Clearstream" means Clearstream Banking, societe anonyme (or any
successor securities clearing agency).

          "Closing Date" means October 7, 2003.

          "Commission" means the Securities and Exchange Commission, as from
time to time constituted, created under the Securities Exchange Act of 1934, or,
if at any time after the execution of this Indenture such Commission is not
existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties at such time.

          "Commodity Price Protection Obligation" means, in respect of a Person,
any forward contract, commodity swap agreement, commodity option agreement or
other similar agreement or arrangement designed to fix or hedge commodity price
risk.

          "Common Stock" means, with respect to any Person, any and all shares,
interests or other participations in, and other equivalents (however designated
and whether voting or nonvoting) of, such Person's common stock, whether
outstanding at the Closing Date or issued after the Closing Date, and includes,
without limitation, all series and classes of such common stock.

          "Company" means the Person named as the "Company" in the first
paragraph of this Indenture, until a successor Person shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter
"Company" shall mean such successor Person.

          "Company Request" or "Company Order" means a written request or order
in sufficient form and detail satisfactory to the Trustee signed in the name of
the Company by its Chairman, Chief Executive Officer, its President, any Vice
President, its Chief Financial Officer, its Treasurer or an Assistant Treasurer,
and delivered to the Trustee.

          "Consolidated Adjusted Net Income" means, with respect to any Person
for any period, the consolidated net income (or loss) of such Person and its
Restricted Subsidiaries for such period as determined in accordance with GAAP,
adjusted by excluding (a) net after-tax extraordinary gains or losses (less all
fees and expenses relating thereto), (b) net after-tax gains or losses (less all
fees and expenses relating thereto) attributable to asset dispositions, (c) the
net income (or net loss) of any Person (other than the Company or a Restricted
Subsidiary), including Unrestricted Subsidiaries, in which the Company or any of
its Restricted Subsidiaries has an ownership interest, except to the extent of
the amount of dividends or other distributions actually paid to the Company or
its Restricted Subsidiaries in cash by such other Person during such period, (d)
net income (or net loss) of any Person combined with the Company or any of its
Restricted Subsidiaries on a "pooling of interests" basis attributable to any
period prior to the date of combination, (e) the net income of any Restricted
Subsidiary to the extent that the declaration or payment of dividends or similar
distributions by that

                                       -5-
<Page>

Restricted Subsidiary of that net income is not at the date of determination
permitted, directly or indirectly, by operation of the terms of its charter or
any agreement, instrument, judgment, decree, order, statute, rule or
governmental regulation applicable to that Restricted Subsidiary or its
stockholders, (f) any noncash compensation charges or other noncash expenses or
charges arising from the grant of or issuance or repricing of stock, stock
options or other equity-based awards or any amendment, modification,
substitution or change of any such stock, stock options or other equity-based
awards and (g) any net gain or loss arising from the extinguishment of any
Indebtedness of any Person, including the amortization or write-off of debt
issuance costs or debt discount.

          "Consolidated Debt" means, as of the date of determination, the
aggregate amount of Indebtedness reflected on the consolidated balance sheet of
the Company and its Restricted Subsidiaries as of such date in conformity with
GAAP.

          "Consolidated EBITDA" means, with respect to any Person for any
period, the sum of Consolidated Adjusted Net Income plus, to the extent not
previously added back in calculating Consolidated Adjusted Net Income,
Consolidated Interest Expense, Consolidated Income Tax Expense and Consolidated
Noncash Charges for such period of such Person on a consolidated basis.

          "Consolidated Fixed Charge Coverage Ratio" of any Person means, for
any period, the ratio of (a) Consolidated EBITDA of such Person for such period,
to (b) the Consolidated Interest Expense of such Person for such period;
PROVIDED that (i) in making such computation, the Consolidated Interest Expense
of such Person attributable to interest on any Indebtedness computed on a PRO
FORMA basis and bearing a floating interest rate shall be computed as if the
rate in effect on the date of computation had been the applicable rate for the
entire period, (ii) in making such computation, the Consolidated Interest
Expense of such Person attributable to interest on any Indebtedness under a
revolving credit facility computed on a PRO FORMA basis shall be computed based
upon the average daily balance of such Indebtedness during the applicable
period, and (iii) notwithstanding clauses (i) and (ii) above, interest on
Indebtedness determined on a fluctuating basis, to the extent such interest is
covered by agreements relating to Interest Rate Protection Obligations, shall be
deemed to have accrued at the rate PER ANNUM resulting after giving effect to
the operation of such agreements. If such Person or any of its subsidiaries
directly or indirectly guarantees Indebtedness of a third Person, the above
clause shall give effect to the incurrence of such guaranteed Indebtedness as if
such Person or such subsidiary had directly incurred or otherwise assumed such
guaranteed Indebtedness.

          "Consolidated Income Tax Expense" means, with respect to any Person
for any period, the provision for federal, state, local and foreign income taxes
of such Person and its Restricted Subsidiaries for such period as determined on
a consolidated basis in accordance with GAAP.

          "Consolidated Interest Expense" means, with respect to any Person for
any period, without duplication, the sum of (i) the interest expense of such
Person and its Restricted Subsidiaries for such period as determined on a
consolidated basis in accordance with GAAP, including, without limitation, (a)
any amortization of debt discount, (b) the net cost under Interest Rate
Protection Obligations (including any amortization of discounts), (c) the
interest portion of any deferred payment obligation, (d) all commissions,
discounts and other fees and charges owed with respect to letters of credit and
bankers' acceptance financing and (e) all accrued interest, (ii) the interest
component of Capitalized Lease Obligations paid, accrued and/or scheduled to be
paid or accrued by such Person

                                       -6-
<Page>

and its Restricted Subsidiaries during such period as determined on a
consolidated basis in accordance with GAAP and (iii) the aggregate dividends
paid or accrued on Preferred Stock of such Person or its Restricted Subsidiaries
during such period, to the extent such Preferred Stock is owned by Persons other
than such Person and its Restricted Subsidiaries; provided, however, that
Consolidated Interest Expense will not include any gain, loss or expense from
extinguishment of debt, including the amortization or write-off of debt issuance
costs or debt discount.

          "Consolidated Net Tangible Assets" of any Person means, as of any
date, (a) all amounts that would be shown as assets on the latest consolidated
balance sheet of such Person and its Subsidiaries prepared in accordance with
GAAP, at the date of determination less (b) the amount thereof constituting
goodwill and other intangible assets as calculated in accordance with GAAP.

          "Consolidated Noncash Charges" means, with respect to any Person for
any period, the aggregate depreciation, amortization and other noncash expenses
of such Person and its Restricted Subsidiaries reducing Consolidated Adjusted
Net Income of such Person for such period, determined on a consolidated basis in
accordance with GAAP, excluding any noncash charge which requires an accrual or
reserve for cash charges for any future period.

          "Consolidated Total Assets" of any Person means, as of any date, all
amounts that would be shown as assets on the latest consolidated balance sheet
of such Person and its Restricted Subsidiaries prepared in accordance with GAAP,
at the date of determination.

          "Corporate Trust Office" means the principal corporate trust office of
the Trustee, at which at any particular time its corporate trust business shall
be administered, which office at the date of execution of this Indenture is
located at 101 Barclay Street, New York, New York 10286.

          "corporation" includes corporations, associations, companies and
business trusts.

          "Credit Facilities" means, one or more debt facilities (including,
without limitation, the Bank Credit Agreement or commercial paper facilities or
other agreements or indentures, in each case with banks or other lenders
providing for revolving credit loans, term loans, receivables financing
(including through the sale of receivables to such lenders or to special purpose
entities formed to borrow from such lenders against such receivables) or other
debt) or letters of credit or other debt, in each case, as amended, restated,
modified, renewed, refunded, replaced (which replacement can occur after
termination of the relevant agreement), refinanced or substituted in whole or in
part from time to time by one or more of such facilities, whether with the same
or different banks or lenders and whether or not increasing the amount
thereunder.

          "Currency Exchange Protection Obligation" means, in respect of a
Person, any foreign exchange contract, currency swap agreement, currency option
or other similar agreement or arrangement designed to fix or hedge currency
exchange risk.

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

          "Defaulted Interest" has the meaning specified in Section 309.

          "Depositary" means The Depository Trust Company, its nominees and
successors.

                                       -7-
<Page>

          "Disinterested Director" means, with respect to any transaction or
series of transactions in respect of which the Board of Directors is required to
deliver a resolution of the Board of Directors under this Indenture, a member of
the Board of Directors who does not have any material direct or indirect
financial interest in or with respect to such transaction or series of
transactions.

          "Domestic Subsidiary" means a Restricted Subsidiary other than a
Foreign Subsidiary.

          "Eligible Inventories" as of any date means the consolidated
inventories of the Company and its Restricted Subsidiaries (net of any reserve)
as shown on a consolidated balance sheet of the Company and its Restricted
Subsidiaries, all in accordance with GAAP.

          "Eligible Receivables" as of any date means the consolidated accounts
receivables (net of any reserve) of the Company and its Restricted Subsidiaries
that are not more than 60 days past their due date and that were entered into on
normal payment terms as shown on a consolidated balance sheet of the Company and
its Restricted Subsidiaries, all in accordance with GAAP.

          "Equity Offering" means any public or private sale of common stock of
the Company, other than (i) any public offerings with respect to the Company's
Common Stock registered on Form S-8 or Form S-4 and (ii) any private placement
occurring in connection with or after the occurrence of a Change of Control when
the Company's Common Stock is eligible for delisting from a national securities
exchange or automated quotation dealer system on which such Common Stock was
trading or quoted prior to such Change of Control.

          "Euroclear" means Euroclear Bank S.A./N.V., as operator of the
Euroclear Clearance System (or any successor securities clearing agency).

          "Event of Default" has the meaning specified in Section 501.

          "Excess Proceeds Offer" has the meaning specified in Section 1016.

          "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time, and the rules and regulations thereunder.

          "Exchange Offer" means the exchange offer that may be effected
pursuant to the Registration Rights Agreement.

          "Exchange Offer Registration Statement" means the Exchange Offer
Registration Statement as defined in the Registration Rights Agreement.

          "Exchange Global Securities" has the meaning specified in Section 201.

          "Exchange Securities" has the meaning stated in the first recital of
this Indenture and refers to any Exchange Securities containing terms
substantially identical to the Initial Securities or Additional Securities, as
the case may be (except that such Exchange Securities shall not contain terms
with respect to transfer restrictions) that are issued and exchanged for the
Initial Securities or Additional Securities, as the case may be, pursuant to
this Indenture.

                                       -8-
<Page>

          "Fair Market Value" means, with respect to any asset, the price which
could be negotiated in an arm's-length free market transaction, for cash,
between a willing seller and a willing buyer, neither of which is under pressure
or compulsion to complete the transaction.

          "Federal Bankruptcy Code" means the Bankruptcy Act of Title 11 of the
United States Code, as amended from time to time.

          "Foreign Subsidiary" means a Restricted Subsidiary (x) that is
incorporated in a jurisdiction other than the United States or a state thereof
or the District of Columbia or (y) is organized under the laws of the United
States of America or any State thereof or the District of Columbia that has no
material assets other than Capital Stock of one or more foreign entities of the
type described in clause (x) above and is not a guarantor of Indebtedness under
the Bank Credit Agreement.

          "Fully Traded Common Stock" means Common Stock issued by any
corporation if (A) such Common Stock is listed on The New York Stock Exchange,
The American Stock Exchange or The London Stock Exchange or the Nasdaq National
Market; PROVIDED that such Common Stock is freely tradeable under the Securities
Act (or, in the case of The London Stock Exchange, any applicable law, rule or
regulation) upon issuance; and (B) such Common Stock does not constitute more
than 15% of the issued and outstanding Common Stock of such corporation held by
Persons other than 10% holders of such Common Stock and Affiliates and insiders
of such corporation.

          "GAAP" means generally accepted accounting principles, consistently
applied, that are set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards Board or in
such other statements by such other entity as may be approved by a significant
segment of the accounting profession of the United States of America, which are
applicable as of the Closing Date.

          "Global Security" means the U.S. Global Securities, the Regulation S
Global Securities and the Series B Global Securities to be issued as Book-Entry
Securities issued to the Depositary in accordance with Section 306.

          "guarantee" means, as applied to any obligation, (i) a guarantee
(other than by endorsement of negotiable instruments for collection in the
ordinary course of business), direct or indirect, in any manner, of any part or
all of such obligation and (ii) an agreement, direct or indirect, contingent or
otherwise, the practical effect of which is to assure in any way the payment or
performance (or payment of damages in the event of nonperformance) of all or any
part of such obligation, including, without limiting the foregoing, the payment
of amounts drawn down by letters of credit.

          "Guarantee" means any guarantee of any Indebtedness of the Company
incurred by any Restricted Subsidiary in accordance with this Indenture. When
used as a verb, "Guarantee" shall have a corresponding meaning.

          "Guarantor" means any Restricted Subsidiary which incurs a Guarantee.

                                       -9-
<Page>

          "Hedging Protection Obligations" means, with respect to any specified
Person, the obligations of such Person under Interest Rate Protection
Obligations, Commodity Protection Obligations and Currency Exchange Protection
Obligations.

          "Holder" means a Person in whose name a Security is registered in the
Security Register.

          "Indebtedness" means, with respect to any Person, without duplication,
(a) all liabilities of such Person for borrowed money or for the deferred
purchase price of property or services, excluding any trade payables and other
accrued current liabilities incurred in the ordinary course of business, but
including, without limitation, all obligations, contingent or otherwise, of such
Person in connection with any letters of credit, bankers' acceptance or other
similar credit transaction and in connection with any agreement to purchase,
redeem, exchange, convert or otherwise acquire for value any Capital Stock of
such Person, or any warrants, rights or options to acquire such Capital Stock,
now or hereafter outstanding, if, and to the extent, any of the foregoing would
appear as a liability upon a balance sheet of such Person prepared in accordance
with GAAP, (b) all obligations of such Person evidenced by bonds, notes,
debentures or other similar instruments, if, and to the extent, any of the
foregoing would appear as a liability upon a balance sheet of such Person
prepared in accordance with GAAP, (c) all indebtedness of such Person created or
arising under any conditional sale or other title retention agreement with
respect to property acquired by such Person (even if the rights and remedies of
the seller or lender under such agreement in the event of default are limited to
repossession or sale of such property), but excluding trade accounts payable
arising in the ordinary course of business, (d) all Capitalized Lease
Obligations of such Person, (e) all Indebtedness referred to in the preceding
clauses of other Persons and all dividends of other Persons, the payment of
which is secured by (or for which the holder of such Indebtedness has an
existing right, contingent or otherwise, to be secured by) any Lien upon
property (including, without limitation, accounts and contract rights) owned by
such Person, even though such Person has not assumed or become liable for the
payment of such Indebtedness (the amount of such obligation being deemed to be
the lesser of the value of such property or asset or the amount of the
obligation so secured), (f) all guarantees by such Person of Indebtedness
referred to in this definition, (g) all Redeemable Capital Stock of such Person
valued at the greater of its voluntary or involuntary maximum fixed repurchase
price plus accrued dividends, (h) all obligations of such Person under or in
respect of Currency Exchange Protection Obligations and Interest Rate Protection
Obligations, and (i) all Preferred Stock of any Restricted Subsidiary of such
Person; provided that for purposes of this Indenture, performance, surety and
appeal bonds incurred in the ordinary course of business and undrawn letters of
credit (or if drawn which are reimbursed within 5 business days) shall not be
deemed Indebtedness. For purposes hereof, the "maximum fixed repurchase price"
of any Redeemable Capital Stock which does not have a fixed repurchase price
shall be calculated in accordance with the terms of such Redeemable Capital
Stock as if such Redeemable Capital Stock were purchased on any date on which
Indebtedness shall be required to be determined pursuant to this Indenture, and
if such price is based upon, or measured by, the fair market value of such
Redeemable Capital Stock, such fair market value shall be determined in good
faith by the board of directors of the issuer of such Redeemable Capital Stock.

                                      -10-
<Page>

          "Indenture" means this instrument as originally executed and as it may
from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof.

          "Initial Securities" has the meaning stated in the first recital of
this Indenture and means Securities other than Exchange Securities issued under
this Indenture.

          "Interest Payment Date" means the Stated Maturity of an installment of
interest on the Securities.

          "Interest Rate Protection Obligations" means the obligations of any
Person pursuant to any arrangement with any other Person whereby, directly or
indirectly, such Person is entitled to receive from time to time periodic
payments calculated by applying either a floating or a fixed rate of interest on
a stated notional amount in exchange for periodic payments made by such Person
calculated by applying a fixed or a floating rate of interest on the same
notional amount and shall include without limitation, interest rate swaps, caps,
floors, collars and similar agreements.

          "Investment" means, with respect to any Person, any direct or indirect
loan or other extension of credit or capital contribution to (by means of any
transfer of cash or other property to others or any payment for property or
services for the account or use of others), or any purchase or acquisition by
such Person of any Capital Stock, bonds, notes, debentures or other securities
or evidences of Indebtedness issued by, any other Person. In addition, the Fair
Market Value of the net assets of any Restricted Subsidiary of the Company at
the time that such Restricted Subsidiary is designated an Unrestricted
Subsidiary shall be deemed to be an "Investment" made by the Company in such
Unrestricted Subsidiary at such time. "Investments" shall exclude extensions of
trade credit on commercially reasonable terms in accordance with normal trade
practices.

          "Lien" means any mortgage, charge, pledge, lien (statutory or other),
security interest, hypothecation, assignment for security, claim, or preference
or priority or other encumbrance upon or with respect to any property of any
kind. A Person shall be deemed to own subject to a Lien any property which such
Person has acquired or holds subject to the interest of a vendor or lessor under
any conditional sale agreement, capital lease or other title retention
agreement.

          "Maturity", means with respect to any Security, the date on which any
principal of such Security or an installment of interest becomes due and payable
as provided therein or herein, whether at the Stated Maturity with respect to
such principal or by declaration of acceleration, call for redemption or
purchase or otherwise.

          "Moody's" means Moody's Investors Service, Inc. and its successors.

          "Net Cash Proceeds" means, with respect to any Asset Sale, the
proceeds thereof in the form of cash or Cash Equivalents including payments in
respect of deferred payment obligations when received in the form of cash or
Cash Equivalents (except to the extent that such obligations are financed or
sold with recourse to the Company or any Restricted Subsidiary of the Company),
net of (i) brokerage commissions and other fees and expenses (including fees and
expenses of legal counsel and investment banks) related to such Asset Sale, (ii)
provisions for all taxes payable as a result of such Asset Sale, (iii) amounts
required to be paid to any Person (other than the Company or any

                                      -11-
<Page>

Restricted Subsidiary) owning a beneficial interest in the assets subject to the
Asset Sale and (iv) appropriate amounts to be provided by the Company or any
Restricted Subsidiary, as the case may be, as a reserve required in accordance
with GAAP consistently applied against any liabilities associated with such
Asset Sale and retained by the Company or any Restricted Subsidiary, as the case
may be, after such Asset Sale, including, without limitation, pension and other
post-employment benefit liabilities, liabilities related to environmental
matters and liabilities under any indemnification obligations associated with
such Asset Sale, all as reflected in an Officers' Certificate delivered to the
Trustee.

          "Non-U.S. Person" means a Person that is not a "U.S. person" as
defined in Regulation S under the Securities Act.

          "Officers' Certificate" means a certificate signed by the Chairman,
the Chief Executive Officer, the President, a Vice President or the Chief
Financial Officer, and by the Treasurer, the Chief Financial Officer, an
Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, and
delivered to the Trustee.

          "Opinion of Counsel" means a written opinion of counsel in form and
substance reasonably satisfactory to the Trustee, who may be counsel for the
Company, including an employee of the Company, and who shall be acceptable to
the Trustee.

          "Outstanding", when used with respect to Securities, means, as of the
date of determination, all Securities theretofore authenticated and delivered
under this Indenture, except:

          (i)     Securities theretofore cancelled pursuant to a Company Order
     by the Trustee or delivered to the Trustee for cancellation;

          (ii)    Securities, or portions thereof, for whose payment or
     redemption money in the necessary amount has been theretofore irrevocably
     deposited with the Trustee or any Paying Agent (other than the Company) in
     trust or set aside and segregated in trust by the Company (if the Company
     shall act as its own Paying Agent) for the Holders of such Securities;
     PROVIDED that, if such Securities are to be redeemed, notice of such
     redemption has been duly given pursuant to this Indenture or provision
     therefor satisfactory to the Trustee has been made;

          (iii)   Securities, except to the extent provided in Sections 1202 and
     1203, with respect to which the Company has effected defeasance and/or
     covenant defeasance as provided in Article Twelve; and

          (iv)    Securities which have been paid pursuant to Section 308 or in
     exchange for or in lieu of which other Securities have been authenticated
     and delivered pursuant to this Indenture, other than any such Securities in
     respect of which there shall have been presented and delivered to the
     Trustee proof satisfactory to it in its sole discretion that such
     Securities are held by a bona fide purchaser in whose hands the Securities
     are valid obligations of the Company;

                                      -12-
<Page>

PROVIDED, HOWEVER, that, in determining whether the Holders of the requisite
principal amount of Outstanding Securities have given any request, demand,
authorization, direction, consent, notice or waiver hereunder, and for the
purpose of making the calculations required by TIA Section 313, Securities owned
by the Company or any other obligor upon the Securities or any Affiliate of the
Company or such other obligor shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Trustee shall be protected
in making such calculation or in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Securities which the
Trustee actually knows to be so owned shall be so disregarded. Securities so
owned which have been pledged in good faith may be regarded as Outstanding if
the pledgee establishes to the satisfaction of the Trustee the pledgee's right
so to act with respect to such Securities and that the pledgee is not the
Company or any other obligor upon the Securities or any Affiliate of the Company
or such other obligor.

          "Pari Passu Indebtedness" means Indebtedness of the Company which is
PARI PASSU with the Securities.

          "Paying Agent" means any Person (including the Company acting as
Paying Agent) authorized by the Company to pay the principal of (and premium, if
any, on) or interest on any Securities on behalf of the Company.

          "Permitted Indebtedness" has the meaning specified in Section 1010(b).

          "Permitted Investments" means any of the following:

          (i)     Investments in Cash Equivalents;

          (ii)    Investments in the Company or Restricted Subsidiaries;

          (iii)   Investments in an amount not to exceed $15,000,000 at any one
     time outstanding;

          (iv)    Investments by the Company or any Restricted Subsidiary of the
     Company in another Person, if as a result of such Investment (A) such other
     Person becomes a Restricted Subsidiary or (B) such other Person is merged
     or consolidated with or into, or transfers or conveys all or substantially
     all of its assets to, the Company or a Restricted Subsidiary;

          (v)     Investments of the type described in clause (iv) of Section
     1010(b); or

          (vi)    Investments made as a result of the receipt of noncash
     consideration from an asset sale that was made in compliance with the
     provisions of Section 1016.

          In connection with any assets or property contributed or transferred
to any Person as an Investment, such property and assets shall be equal to the
Fair Market Value (as determined by the Company's Board of Directors) at the
time of Investment.

          "Permitted Liens" means the following types of Liens:

                                      -13-
<Page>

          (i)     Liens created pursuant to a Credit Facility in an amount not
     to exceed the greater of (i) the amount of debt incurred pursuant to clause
     (i) under subclause (b)(i) of Section 1010; and (ii) the sum of 80% of the
     aggregate amount of Eligible Receivables and 50% of the aggregate amount of
     Eligible Inventory measured as of the most recent fiscal quarter preceding
     the time such Indebtedness is incurred;

          (ii)    Liens outstanding on the date on which the first Securities
     are originally issued;

          (iii)   Liens imposed by any governmental authority for taxes,
     assessments or charges not yet due or which are being contested in good
     faith and by appropriate proceedings if adequate reserves with respect
     thereto are maintained on the books of the Company or the affected
     Restricted Subsidiaries, as the case may be, in accordance with GAAP;

          (iv)    carriers', warehousemen's, mechanics', materialmen's,
     repairmen's or other like Liens arising in the ordinary course of business
     which are not overdue for a period of more than 60 days or which are being
     contested in good faith and by appropriate proceedings and Liens securing
     judgments but only to the extent, for an amount and for a period not
     resulting in an Event of Default under clause (vi) of Section 501;

          (v)     pledges or deposits under worker's compensation, unemployment
     insurance and other social security legislation;

          (vi)    Liens, pledges or deposits to secure the performance of bids,
     trade contracts (other than for borrowed money), leases, statutory
     obligations, surety and appeal bonds, performance bonds and other
     obligations of a like nature incurred in the ordinary course of business;

          (vii)   easements, rights-of-way, restrictions and other similar
     encumbrances incurred in the ordinary course of business and encumbrances
     consisting of zoning restrictions, easements, licenses, restrictions on the
     use of property or minor imperfections in title thereto which, in the
     aggregate, are not material in amount, and which do not in any case
     materially detract from the value of the property subject thereto or
     interfere with the ordinary conduct of the business of the Company or any
     of its Restricted Subsidiaries;

          (viii)  Liens on property of any entity which becomes a Restricted
     Subsidiary of the Company after the date on which the first Securities are
     originally issued; provided that such Liens are in existence at the time
     such entity becomes a Restricted Subsidiary of the Company and were not
     created in anticipation thereof and do not extend to any other property of
     the Company or any Restricted Subsidiary;

          (ix)    Liens upon property, including software and license rights
     with respect to software, acquired after the date on which the first
     Securities are originally issued (by purchase, construction or otherwise)
     by the Company or any of its Restricted Subsidiaries, any of which Liens
     either (A) existed on such property before the time of its acquisition and
     was not created in anticipation thereof, or (B) was created solely for the
     purpose of securing Indebtedness representing, or incurred to finance,
     refinance or refund, the cost (including the

                                      -14-
<Page>

     cost of construction) of such property; provided that no such Lien shall
     extend to or cover any property of the Company or such Restricted
     Subsidiary other than the property so acquired and improvements thereon;
     and provided, further, that the principal amount of Indebtedness secured by
     any such Lien shall not exceed (at the time of incurrence) 100% of the fair
     market value (as determined in good faith by a senior financial officer of
     the Company) of such property at the time it was acquired (by purchase,
     construction or otherwise);

          (x)     any Liens arising as a result of the sale of property owned by
     the Company or any Restricted Subsidiary of the Company which property is,
     immediately following such sale, leased back to the Company or any
     Restricted Subsidiary;

          (xi)    additional Liens upon property of the Company or any of its
     Restricted Subsidiaries created after the date on which the first
     Securities are originally issued; provided that the aggregate Indebtedness
     secured thereby and incurred on and after the date on which the first
     Securities are originally issued shall not exceed $30 million in the
     aggregate at any one time outstanding;

          (xii)   Liens in favor of the Company or any Restricted Subsidiary;

          (xiii)  Liens securing Hedging Protection Obligations of the Company
     or any of its Restricted Subsidiaries permitted to be incurred under the
     Indenture;

          (xiv)   Liens on property necessary to defease Indebtedness that was
     not incurred in violation of the Indenture;

          (xv)    Liens in favor of collecting or payor banks having a right of
     setoff, revocation, refund or chargeback with respect to money or
     instruments of the Company or any Restricted Subsidiary on deposit or in
     possession of such bank;

          (xvi)   Liens on the property of Foreign Subsidiaries to secure
     Indebtedness of Foreign Subsidiaries permitted to be incurred under the
     Indenture;

          (xvii)  Liens related to bonds or similar instruments related to the
     Company's or any Restricted Subsidiary's 401(k) or other retirement based
     benefit plans;

          (xviii) Liens incurred with respect to any environmental remediation
     program; and

          (xix)   any extension, renewal or replacement (which replacement can
     occur after termination of the relevant agreement) of the foregoing;
     provided, however, that the Liens permitted hereunder shall not be spread
     to cover any additional Indebtedness or property (other than a substitution
     of like property).

          "Person" means any individual, corporation, limited liability company,
partnership, joint venture, association, joint stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof or other similar entity.

          "Predecessor Security" of any particular Security means every previous
Security evidencing all or a portion of the same debt as that evidenced by such
particular Security; and, for the

                                      -15-
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purposes of this definition, any Security authenticated and delivered under
Section 308 in exchange for a mutilated security or in lieu of a lost, destroyed
or stolen Security shall be deemed to evidence the same debt as the mutilated,
lost, destroyed or stolen Security.

          "Preferred Stock" means, with respect to any Person, any and all
shares, interests, participations or other equivalents (however designated) of
such Person's preferred or preference stock whether now outstanding, or issued
after the Closing Date, and including, without limitation, all classes and
series of preferred or preference stock of such Person.

          "QIB" means a "Qualified Institutional Buyer" under Rule 144A.

          "Qualified Capital Stock" of any person means any and all Capital
Stock of such person other than Redeemable Capital Stock.

          "Redeemable Capital Stock" means any class or series of Capital Stock
that, either by its terms, by the terms of any security into which it is
convertible or exchangeable or by contract or otherwise, is, or upon the
happening of an event or passage of time would be, required to be redeemed prior
to the final Stated Maturity of the Securities or is redeemable at the option of
the holder thereof at any time prior to such final Stated Maturity, or is
convertible into or exchangeable for debt securities at any time prior to such
final Stated Maturity. Notwithstanding the preceding sentence, any Capital Stock
that would constitute Redeemable Capital Stock solely because the holders
thereof have the right to require the Company to repurchase such Capital Stock
upon the occurrence of a Change of Control or an Asset Sale shall not constitute
Redeemable Capital Stock if the terms of such Capital Stock provide that the
Company may not repurchase or redeem any Capital Stock pursuant to such
provisions unless such repurchase or redemption complies with Section 1011.

          "Redemption Date", when used with respect to any Security to be
redeemed, in whole or in part, means the date fixed for such redemption by or
pursuant to this Indenture.

          "Redemption Price", when used with respect to any Security to be
redeemed, means the price at which it is to be redeemed pursuant to this
Indenture.

          "Registration Rights Agreement" means (i) the Registration Rights
Agreement between the Company and the Initial Purchasers named therein, dated as
of October 7, 2003, relating to the Securities and (ii) with respect to any
Additional Securities issued subsequent to October 7, 2003, any registration
rights agreement entered into for the benefit of the holders of such Additional
Securities, if any.

          "Registration Statement" means the Registration Statement as defined
in the Registration Rights Agreement.

          "Regular Record Date" for the interest payable on any Interest Payment
Date means the 15th of April or October (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date.

          "Regulation S" means Regulation S under the Securities Act, as amended
from time to time.

                                      -16-
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          "Regulation S Global Securities" means one or more permanent global
Securities in registered form representing the aggregate principal amount of
Securities sold in reliance on Regulation S under the Securities Act.

          "Responsible Officer", when used with respect to the Trustee, means
any vice president, any assistant vice president, any assistant treasurer, any
trust officer or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above-designated officers,
and also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of his knowledge of and
familiarity with the particular subject.

          "Restricted Subsidiary" means any Subsidiary of the Company other than
an Unrestricted Subsidiary.

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

          "S&P" means Standard & Poor's Ratings Group, a division of The
McGraw-Hill Companies, Inc., and its successors.

          "Sale/Leaseback Transaction" means an arrangement relating to property
now owned or hereafter acquired whereby the Company or a Restricted Subsidiary
transfers such property to a Person and the Company or a Restricted Subsidiary
leases it from such Person.

          "Securities" has the meaning stated in the first recital of this
Indenture and more particularly means any Securities authenticated and delivered
under this Indenture. For all purposes of this Indenture, the term "Securities"
shall include any Exchange Securities to be issued and exchanged for any
Securities pursuant to the Registration Rights Agreement and this Indenture and,
for purposes of this Indenture (i) all Initial Securities and Exchange
Securities that are issued and exchanged for the Initial Securities and (ii) all
Additional Securities and Exchange Securities that are issued and exchanged for
the Additional Securities, shall vote together as one series of Securities under
this Indenture.

          "Securities Act" means the Securities Act of 1933, as amended from
time to time, and the rules and regulations thereunder.

          "Security Register" and "Security Registrar" have the respective
meanings specified in Section 305.

          "Senior Indebtedness" means any indebtedness that is PARI PASSU as to
ranking with the Securities.

          "Shelf Registration Statement" means the Shelf Registration Statement
as defined in the Registration Rights Agreement.

          "Significant Subsidiary" of the Company means any Restricted
Subsidiary of the Company that is a "significant subsidiary" as defined in Rule
1.02(v) of Regulation S-X under the Securities Act, as in effect on the date of
this Indenture.

                                      -17-
<Page>

          "Special Record Date" for the payment of any Defaulted Interest means
a date fixed by the Trustee pursuant to Section 309.

          "Stated Maturity" means, when used with respect to any Security or any
installment of interest thereon, the date specified in such Security as the
fixed date on which the principal of such Security or such installment of
interest is due and payable, and, when used with respect to any other
Indebtedness, means the date specified in the instrument governing such
Indebtedness as the fixed date on which the principal of such Indebtedness, or
any installment of interest thereon, is due and payable.

          "Subordinated Indebtedness" means Indebtedness of the Company which is
expressly subordinated in right of payment to the Securities.

          "Subsidiary" means, with respect to any Person, (i) a corporation a
majority of whose Voting Stock is at the time, directly or indirectly, owned by
such Person, by one or more Subsidiaries of such Person or by such Person and
one or more Subsidiaries thereof or (ii) any other Person (other than a
corporation), including, without limitation, a joint venture, in which such
Person, one or more Subsidiaries thereof or such Person and one or more
Subsidiaries thereof, directly or indirectly, at the date of determination
thereof, has at least majority ownership interest entitled to vote in the
election of directors, managers or trustees thereof (or other Person performing
similar functions). Unless specifically provided to the contrary herein,
Unrestricted Subsidiaries shall not be included in the definition of
Subsidiaries for any purpose of this Indenture (other than for the purposes of
the definition of "Unrestricted Subsidiary" herein).

          "total consolidated revenues" means, with respect to any Person for
any period, the net sales of such Person and its Subsidiaries determined on a
consolidated basis in accordance with GAAP; for purposes of this definition, the
definition of Subsidiaries shall include Unrestricted Subsidiaries and, for
purposes of calculating net sales, net sales of a Person shall exclude any
intercompany sales with the Company or any of its Subsidiaries.

          "Trust Indenture Act" or "TIA" means the Trust Indenture Act of 1939
as in force at the date as of which this Indenture was executed, except as
provided in Section 905.

          "Trustee" means the Person named as the "Trustee" in the first
paragraph of this Indenture until a successor Trustee shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter
"Trustee" shall mean such successor Trustee.

          "Unrestricted Subsidiary" means (1) any Subsidiary of the Company
which at the time of determination shall be an Unrestricted Subsidiary (as
designated by the Board of Directors of the Company, as provided below) and (2)
any Subsidiary of an Unrestricted Subsidiary. As of the date the Securities are
issued, the following Subsidiaries of the Company are Unrestricted Subsidiaries:
Advanced Thermal Sciences Corporation and its Subsidiaries. The Board of
Directors of the Company may designate any Subsidiary of the Company (including
any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary
unless such Subsidiary owns any Capital Stock of, or owns, or holds any Lien on,
any property of the Company or any other Subsidiary of the Company which is not
a Subsidiary of the Subsidiary to be so designated; PROVIDED that either (x) the
Subsidiary to be designated has total assets of $1,000 or less at the time of
its designation or (y)

                                      -18-
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immediately after giving effect to such designation, the Company could incur
$1.00 of additional Indebtedness (other than Permitted Indebtedness) pursuant to
Section 1010. The Board of Directors may designate any Unrestricted Subsidiary
to be a Subsidiary; PROVIDED that immediately after giving effect to such
designation, the Company could incur $1.00 of additional Indebtedness (other
than Permitted Indebtedness) pursuant to Section 1010. For purposes of the
foregoing, the designation of a Subsidiary of the Company as an Unrestricted
Subsidiary shall be deemed to be the designation of all of the Subsidiaries of
such Subsidiary.

          "Vice President", when used with respect to the Company or the
Trustee, means any vice president, whether or not designated by a number or a
word or words added before or after the title "vice president".

          "Voting Stock" means any class or classes of Capital Stock pursuant to
which the holders thereof have the general voting power under ordinary
circumstances to elect at least a majority of the board of directors, managers
or trustees of any Person (irrespective of whether or not, at the time, stock of
any other class or classes shall have, or might have, voting power by reason of
the happening of any contingency).

          "wholly-owned" with respect to any Subsidiary, means any Subsidiary of
any Person of which at least 99% of the outstanding Capital Stock is owned by
such Person or another wholly-owned Subsidiary of such Person. For purposes of
this definition, any directors' qualifying shares or investments by foreign
nationals mandated by applicable law shall be disregarded in determining the
ownership of a Subsidiary.

          "8% Notes" means the Company's 8% Senior Subordinated Notes due 2008.

          "8 7/8% Notes" means the Company's 8 7/8% Senior Subordinated Notes
due 2011.

          "9 1/2% Notes" means the Company's 9 1/2% Senior Subordinated Notes
due 2008.

          SECTION 102.  INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT.

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

          "indenture securities" means the Securities;

          "indenture security holder" means a Holder;

          "indenture to be qualified" means this Indenture;

          "indenture trustee" or "institutional trustee" means the Trustee; and

          "obligor" on the indenture securities means the Company or any other
obligor on the Securities.

                                      -19-
<Page>

          All other Trust Indenture Act terms used in this Indenture that are
defined by the Trust Indenture Act, defined by reference in the Trust Indenture
Act to another statute or defined by a rule of the Commission and not otherwise
defined herein shall have the meanings assigned to them therein.

          SECTION 103.  COMPLIANCE CERTIFICATES AND OPINIONS.

          Upon any application or request by the Company to the Trustee to take
any action under any provision of this Indenture, the Company shall furnish to
the Trustee an Officers' Certificate and an Opinion of Counsel each satisfactory
in form and substance to the Trustee, which, taken together, state that all
conditions precedent, if any, provided for in this Indenture (including any
covenant compliance with which constitutes a condition precedent) relating to
the proposed action have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be
furnished.

          Every certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture (other than pursuant to
Section 1008(a)) shall include:

          (1)     a statement that each individual signing such certificate or
     opinion has read and understands such covenant or condition and the
     definitions herein relating thereto;

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

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

          (4)     a statement as to whether, in the opinion of each such
     individual, such condition or covenant has been complied with.

          SECTION 104.  FORM OF DOCUMENTS DELIVERED TO TRUSTEE.

          In any case where several matters are required to be certified by, or
covered by an opinion of, any specified Person, it is not necessary that all
such matters be certified by, or covered by the opinion of, only one such
Person, or that they be so certified or covered by only one document, but one
such Person may certify or give an opinion with respect to some matters and one
or more other such Persons as to other matters, and any such Person may certify
or give an opinion as to such matters in one or several documents.

          Any certificate or opinion of an officer of the Company may be based,
insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations
with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or Opinion of Counsel may be based, insofar as
it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Company stating that the
information with respect to such factual matters is in the possession of the
Company,

                                      -20-
<Page>

unless such counsel knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to such matters
are erroneous.

          Where any Person is required to make, give or execute two or more
applications, requests, consents, certificates, statements, opinions or other
instruments under this Indenture, they may, but need not, be consolidated and
form one instrument.

          SECTION 105.  ACTS OF HOLDERS.

          (a)     Any request, demand, authorization, direction, notice,
consent, waiver or other action provided by this Indenture to be given or taken
by Holders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Holders (which may be electronic) in
person or by agents duly appointed in writing and may be given or obtained in
connection with a purchase of, or tender offer or exchange offer for,
outstanding Securities; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments are delivered
to the Trustee and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the "Act" of the Holders signing
such instrument or instruments. Proof of execution of any such instrument or of
a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and conclusive in favor of the Trustee and the Company, if made in the
manner provided in this Section.

          (b)     The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by
law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution thereof. Where such
execution is by a signer acting in a capacity other than his individual
capacity, such certificate or affidavit shall also constitute sufficient proof
of authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved
in any other manner which the Trustee deems sufficient.

          (c)     The principal amount and serial numbers of Securities held by
any Person, and the date of holding the same, shall be proved by the Security
Register.

          (d)     If the Company shall solicit from the Holders of Securities
any request, demand, authorization, direction, notice, consent, waiver or other
Act, the Company may, at its option, by or pursuant to Board Resolution, fix in
advance a record date, of which it shall notify the Trustee and Paying Agent,
for the determination of Holders entitled to give such request, demand,
authorization, direction, notice, consent, waiver or other Act, but the Company
shall have no obligation to do so. Notwithstanding TIA Section 316(c), such
record date shall be the record date specified in or pursuant to such Board
Resolution, which shall be a date not earlier than the date 30 days prior to the
first solicitation of Holders generally in connection therewith and not later
than the date such solicitation is completed. If such a record date is fixed,
such request, demand, authorization, direction, notice, consent, waiver or other
Act may be given before or after such record date, but only the Holders of
record at the close of business on such record date shall be deemed to be
Holders for the purposes of determining whether Holders of the requisite
proportion of Outstanding Securities have authorized or agreed or consented to
such request, demand, authorization, direction,

                                      -21-
<Page>

notice, consent, waiver or other Act, and for that purpose the Outstanding
Securities shall be computed as of such record date; PROVIDED that no such
authorization, agreement or consent by the Holders on such record date shall be
deemed effective unless it shall become effective pursuant to the provisions of
this Indenture not later than eleven months after the record date.

          (e)     Any request, demand, authorization, direction, notice,
consent, waiver or other Act of the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon
the registration of transfer thereof or in exchange therefor or in lieu thereof
in respect of anything done, omitted or suffered to be done by the Trustee or
the Company in reliance thereon, whether or not notation of such action is made
upon such Security.

          SECTION 106.  NOTICES, ETC., TO TRUSTEE, COMPANY.

          Any request, demand, authorization, direction, notice, consent, waiver
or Act of Holders or other document provided or permitted by this Indenture to
be made upon, given or furnished to, or filed with,

          (1)     the Trustee by any Holder or by the Company shall be
     sufficient for every purpose hereunder if made, given, furnished or filed
     in writing to or with the Trustee at 101 Barclay Street, New York, New York
     10286, telefax: 212-815-5915, Attention: Corporate Trust Administration, or

          (2)     the Company by the Trustee or by any Holder shall be
     sufficient for every purpose hereunder (unless otherwise herein expressly
     provided) if in writing and mailed, first-class postage prepaid, to the
     Company addressed to it at 1400 Corporate Center Way, Wellington, Florida
     33414, telefax: 561-791-3966, Attention: Chief Financial Officer, or at any
     other address previously furnished in writing to the Trustee by the
     Company.

          SECTION 107.  NOTICE TO HOLDERS; WAIVER.

          Where this Indenture provides for notice of any event to Holders by
the Company or the Trustee, such notice shall be sufficiently given (unless
otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to each Holder affected by such event, at his address as it
appears in the Security Register, not later than the latest date, and not
earlier than the earliest date, prescribed for the giving of such notice. In any
case where notice to Holders is given by mail, neither the failure to mail such
notice, nor any defect in any notice so mailed, to any particular Holder shall
affect the sufficiency of such notice with respect to other Holders. Any notice
mailed to a Holder in the manner herein prescribed shall be conclusively deemed
to have been received by such Holder, whether or not such Holder actually
receives such notice. Where this Indenture provides for notice in any manner,
such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the
equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of
any action taken in reliance upon such waiver.

          In case by reason of the suspension of or irregularities in regular
mail service or by reason of any other cause, it shall be impracticable to mail
notice of any event to Holders when such notice is required to be given pursuant
to any provision of this Indenture, then any manner of giving

                                      -22-
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such notice as shall be satisfactory to the Trustee shall be deemed to be a
sufficient giving of such notice for every purpose hereunder.

          SECTION 108.  EFFECT OF HEADINGS AND TABLE OF CONTENTS.

          The Article and Section headings herein and the Table of Contents are
for convenience only and shall not affect the construction hereof.

          SECTION 109.  SUCCESSORS AND ASSIGNS.

          All covenants and agreements in this Indenture by the Company shall
bind its successors and assigns, whether so expressed or not.

          SECTION 110.  SEPARABILITY CLAUSE.

          In case any provision in this Indenture or in the Securities shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

          SECTION 111.  BENEFITS OF INDENTURE.

          Nothing in this Indenture or in the Securities, express or implied,
shall give to any Person, other than the parties hereto, any Paying Agent, any
Securities Registrar and their successors hereunder, the Holders and, with
respect to any provisions hereof relating to the subordination of the Securities
or the rights of holders of Senior Indebtedness, the holders of Senior
Indebtedness, any benefit or any legal or equitable right, remedy or claim under
this Indenture.

          SECTION 112.  GOVERNING LAW.

          This Indenture and the Securities shall be governed by and construed
in accordance with the law of the State of New York, without regard to the
principles of conflicts of law. Upon the issuance of the Exchange Securities or
the effectiveness of the Shelf Registration Statement, this Indenture shall be
subject to the provisions of the Trust Indenture Act of 1939, as amended, that
are required to be part of this Indenture and shall, to the extent applicable,
be governed by such provisions.

          SECTION 113.  LEGAL HOLIDAYS.

          In any case where any Interest Payment Date, Redemption Date, Stated
Maturity or Maturity of any Security shall not be a Business Day, then
(notwithstanding any other provision of this Indenture or of the Securities)
payment of interest or principal (and premium, if any) need not be made on such
date, but may be made on the next succeeding Business Day with the same force
and effect as if made on the Interest Payment Date, Redemption Date or at the
Stated Maturity or Maturity; PROVIDED that no interest shall accrue for the
period from and after such Interest Payment Date, Redemption Date, Stated
Maturity or Maturity, as the case may be.

                                      -23-
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          SECTION 114.  NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES,
 MEMBERS, PARTNERS AND STOCKHOLDERS.

          No director, officer, employee, member, partner or stockholder of the
Company will have any liability for any obligations of the Company under the
Securities, this Indenture, of for any claim based on, in respect of, or by
reason of, such obligations or their creation. Each Holder by accepting a
Security waives and releases all such liability. The waiver and release are part
of the consideration for issuance of the Securities. The waiver may not be
effective to waive liabilities under the federal securities laws.

                                      -24-
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                                   ARTICLE TWO

                                 SECURITY FORMS

          SECTION 201.  FORMS GENERALLY.

          The definitive Securities shall be printed, lithographed or engraved
on steel-engraved borders or may be produced in any other manner, all as
determined by the officers of the Company executing such Securities, as
evidenced by their execution of such Securities.

          The Initial Securities shall be known as the "8 1/2% Senior Notes due
2010" and the Exchange Securities shall be known as the "8 1/2% Series B Senior
Notes due 2010", in each case, of the Company. The Securities and the Trustee's
certificate of authentication shall be in substantially the form annexed hereto
as Exhibit A. The Securities may have such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by the Indenture
and may have letters, notations or other marks of identification and such
notations, legends or endorsements required by law, stock exchange agreements to
which the Company is subject or usage. Any portion of the text of any Security
may be set forth on the reverse thereof, with an appropriate reference thereto
on the face of the Security. The Company shall approve the form of the
Securities and any notation, legend or endorsement on the Securities. Each
Security shall be dated the date of its authentication.

          The terms and provisions contained in the form of the Securities
annexed hereto as Exhibit A shall constitute, and are hereby expressly made, a
part of this Indenture. To the extent applicable, the Company and the Trustee,
by their execution and delivery of this Indenture, expressly agree to such terms
and provisions and to be bound thereby.

          Initial Securities offered and sold in reliance on Rule 144A shall be
issued initially in the form of one or more permanent global Securities
substantially in the form set forth in Exhibit A (the "U.S. Global Security")
deposited with the Trustee, as custodian for the Depositary, duly executed by
the Company and authenticated by the Trustee as hereinafter provided. The
aggregate principal amount of the U.S. Global Security may from time to time be
increased or decreased by adjustments made on the records of the Trustee, as
custodian for the Depositary or its nominee, as hereinafter provided.

          Initial Securities offered and sold in reliance on Regulation S shall
be issued in the form of one or more Regulation S Global Securities,
substantially in the form set forth in Exhibit A, deposited with the Trustee, as
custodian for the Depositary, duly executed by the Company and authenticated by
the Trustee as hereinafter provided; provided, however, that upon such deposit
through and including the 40th day after the later of the commencement of the
offering of the Initial Securities offered and sold in reliance on Regulation S
and the original issue date of the Securities (such period through and including
such 40th day, the "Restricted Period"), all such Securities shall be credited
to or through accounts maintained at the Depositary by or on behalf of Euroclear
or Clearstream unless exchanged for interests in the U.S. Global Securities in
accordance with the transfer and certification requirements described below. The
aggregate principal amount of the Regulation S Global Securities may from time
to time be increased or decreased by adjustments made on the records of the
Trustee, as custodian for the Depositary or its nominee, as hereinafter
provided.

                                      -25-
<Page>

          Exchange Securities exchanged for Initial Securities shall be issued
initially in the form of one or more Exchange Global Securities, substantially
in the form set forth in Exhibit A ("Exchange Global Securities"), deposited
with the Trustee, as custodian for the Depositary, duly executed by the Company
and authenticated by the Trustee as hereinafter provided. The aggregate
principal amount of the Exchange Global Securities may from time to time be
increased or decreased by adjustments made on the records of the Trustee, as
custodian for the Depositary or its nominee, as hereinafter provided.

          Initial Securities offered and sold other than as described in the
second and third preceding paragraphs shall be issued in the form of permanent
certificated Securities in registered form in substantially the form set forth
in Exhibit A (the "Physical Securities".)

          With respect to any Additional Securities issued subsequent to the
date of this Indenture notwithstanding anything else herein, (1) all references
in Section 202 herein and elsewhere in this Indenture to a Registration Rights
Agreement shall be to the registration rights agreement entered into with
respect to such Additional Securities, (2) any references in this Indenture to
the Exchange Offer, Exchange Offer Registration Statement, Shelf Registration
Statement, Initial Purchasers, and any other term related thereto shall be to
such terms as they are defined in such registration rights agreement entered
into with respect to such Additional Securities, (3) all time periods described
in the Securities with respect to the registration of such Additional Securities
shall be as provided in such Registration Rights Agreement entered into with
respect to such Additional Securities, (4) any penalty interest may, if set
forth in the Registration Rights Agreement, be paid to the holders of the
Additional Securities immediately prior to the making or the consummation of the
Exchange Offer regardless of any other provisions regarding record dates herein
and (5) all provisions of this Indenture shall be construed and interpreted to
permit the issuance of such Additional Securities and to allow such Additional
Securities to become fungible and interchangeable with the Initial Securities
originally issued under this Indenture.

          SECTION 202.  RESTRICTIVE LEGENDS.

          Unless and until (i) an Initial Security is sold under an effective
Registration Statement or (ii) an Initial Security is exchanged for an Exchange
Security in connection with an effective Registration Statement, in each case
pursuant to the Registration Rights Agreement, each such Security shall bear the
following legend (the "Private Placement Legend") on the face thereof:

     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
     AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS. NEITHER THIS
     SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD,
     ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
     ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR
     NOT SUBJECT TO, REGISTRATION. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE
     HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO
     THE DATE WHICH IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE
     HEREOF AND THE LAST DATE ON WHICH THE COMPANY, OR ANY AFFILIATE OF THE
     COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF THIS
     SECURITY) ONLY (A) TO THE COMPANY, (B) PURSUANT

                                      -26-
<Page>

     TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE
     SECURITIES ACT, (C) FOR SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE
     PURSUANT TO RULE 144A UNDER THE SECURITIES ACT ("RULE 144A"), TO A PERSON
     IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN
     RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A
     QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
     BEING MADE IN RELIANCE ON RULE 144A, (D) OUTSIDE THE UNITED STATES IN AN
     OFFSHORE TRANSACTION COMPLYING WITH THE PROVISIONS OF RULE 904 OF
     REGULATION S UNDER THE SECURITIES ACT, (E) PURSUANT TO THE EXEMPTION FROM
     REGISTRATION PROVIDED BY RULE 144 (IF AVAILABLE), OR (F) PURSUANT TO
     ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
     SECURITIES ACT, SUBJECT TO THE COMPANY'S AND THE TRUSTEE'S RIGHT PRIOR TO
     ANY SUCH OFFER, SALE OR TRANSFER (i) PURSUANT TO CLAUSES (E) OR (F) TO
     REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
     INFORMATION SATISFACTORY TO EACH OF THEM, AND (ii) IN EACH OF THE FOREGOING
     CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON
     THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED BY THE
     TRANSFEROR TO THE TRUSTEE.

          Each Global Security, whether or not an Initial Security, shall also
bear the following legend on the face thereof:

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
     DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
     TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN
     THE NAME OF CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
     AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER
     REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER NAME AS IS
     REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY
     (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO.), ANY TRANSFER, PLEDGE OR
     OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
     SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

     TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS TO NOMINEES
     OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND
     TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
     MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTIONS 306 AND 307
     OF THE INDENTURE.

                                      -27-
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                                  ARTICLE THREE

                                 THE SECURITIES

          SECTION 301.  TITLE AND TERMS.

          The initial aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is $175,000,000, in principal
amount of Securities, except for Securities authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other Securities
pursuant to Section 304, 305, 306, 307, 308, 906, 1015, 1016 or 1108.
Notwithstanding the foregoing, the Company may, from time to time, without
notice to or the consent of the Holders of Securities, create and issue
Additional Securities under this Indenture ranking equally with the Securities
in all respects, subject to the limitations described in Section 1010 hereof.
The terms of the Securities and any Additional Securities may have different
issuance dates and dates from which interest accrues and shall be part of the
same series. The total amount of the Securities which may be issued under this
Indenture is unlimited. Such Additional Securities will be consolidated and form
a single series with the Securities, vote together with the Securities and have
the same terms as to status, redemption or otherwise as the Securities.
References to the Securities under this Indenture include these Additional
Securities if they are in the same series, unless the context requires
otherwise.

          The Initial Securities shall be known and designated as the "8 1/2%
Senior Notes due 2010" of the Company. The Exchange Securities shall be known
and designated as the "8 1/2% Series B Senior Notes due 2010" of the Company.
The Stated Maturity of the Initial Securities and the Exchange Securities shall
be October 1, 2010, and, except as otherwise set forth herein, they shall bear
interest at the rate of 8 1/2% per annum from October 7, 2003, or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, payable semi-annually in arrears on April 1 and October 1, beginning April
1, 2004, in each year and at said Stated Maturity, until the principal thereof
is paid or duly provided for.

          The principal of (and premium, if any, on) and interest on the
Securities shall be payable at the office or agency of the Company maintained
for such purpose in The City of New York, or at such other office or agency of
the Company as may be maintained for such purpose; PROVIDED, HOWEVER, that, at
the option of the Company, interest may be paid by check mailed to addresses of
the Persons entitled thereto as such addresses shall appear on the Security
Register.

          The Securities shall be redeemable as provided in Article Eleven.

          If Additional Securities are issued under this Indenture, then such
Securities shall be issued on terms substantially identical to: (a) if such
Additional Securities are issued prior to the issuance of any Exchange
Securities that are issued and exchanged for the Initial Securities, the Initial
Securities, with substantially identical registration rights, or (b) if such
Additional Securities are issued on or after the date of issuance of the
Exchange Securities that are issued and exchanged for the Initial Securities,
the Initial Securities, with substantially identical registration rights, or, at
the Company's option, the Exchange Securities.

                                      -28-
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          The terms of the Initial Securities and any Additional Securities may
have different issuance dates and dates from which interest accrues and shall be
part of the same series. The Initial Securities and any Additional Securities
subsequently issued under this Indenture will be consolidated and form a single
series for all purposes under this Indenture, including, without limitation,
voting, status, redemptions, waivers and amendments.

          SECTION 302.  DENOMINATIONS.

          The Securities shall be issuable only in registered form without
coupons and only in denominations of $1,000 and any integral multiple thereof.

          SECTION 303.  EXECUTION, AUTHENTICATION, DELIVERY AND DATING.

          The Securities shall be executed on behalf of the Company by its
Chairman, its President or a Vice President, and be notarized by a notary
public. The signature of any of these officers on the Securities may be manual
or facsimile signatures of the present or any future such authorized officer and
may be imprinted or otherwise reproduced on the Securities.

          Securities bearing the manual or facsimile signatures of individuals
who were at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or did not
hold such offices at the date of such Securities.

          At any time and from time to time after the execution and delivery of
this Indenture, the Company may deliver Securities executed by the Company to
the Trustee for authentication, together with a Company Order for the
authentication and delivery of such Securities directing the Trustee to
authenticate the Securities and certifying that all conditions precedent to the
issuance of Securities contained herein have been fully complied with, and the
Trustee in accordance with such Company Order shall authenticate and deliver
such Securities. On Company Order, the Trustee shall authenticate for original
issue (i) Exchange Securities in exchange for Initial Securities in an aggregate
principal amount not to exceed $175,000,000 or (ii) Exchange Securities in
exchange for Additional Securities; PROVIDED that such Exchange Securities shall
be issuable only upon the valid surrender for cancellation of Initial Securities
or Additional Securities, as the case may be, of a like aggregate principal
amount in accordance with an Exchange Offer pursuant to the Registration Rights
Agreement. In each case, the Trustee shall be entitled to receive an Officers'
Certificate and an Opinion of Counsel of the Company that it may reasonably
request in connection with such authentication of Securities. Such order shall
specify the amount of Securities to be authenticated and the date on which the
original issue of Securities or Exchange Securities is to be authenticated.

          Each Security shall be dated the date of its authentication.

          No Security shall be entitled to any benefit under this Indenture or
be valid or obligatory for any purpose unless there appears on such Security a
certificate of authentication substantially in the form provided for in Exhibit
A duly executed by the Trustee by manual signature of a Responsible Officer, and
such certificate upon any Security shall be conclusive evidence, and the only
evidence, that such Security has been duly authenticated and delivered hereunder
and is entitled to the benefits of this Indenture.

                                      -29-
<Page>

          In case the Company, pursuant to Article Eight, shall be consolidated
or merged with or into any other Person or shall convey, transfer, lease or
otherwise dispose of its properties and assets substantially as an entirety to
any Person, and the successor Person resulting from such consolidation, or
surviving such merger, or into which the Company shall have been merged, or the
Person which shall have received a conveyance, transfer, lease or other
disposition as aforesaid, shall have executed an indenture supplemental hereto
with the Trustee pursuant to Article Eight, any of the Securities authenticated
or delivered prior to such consolidation, merger, conveyance, transfer, lease or
other disposition may, from time to time, at the request of the successor
Person, be exchanged for other Securities executed in the name of the successor
Person with such changes in phraseology and form as may be appropriate, but
otherwise in substance of like tenor as the Securities surrendered for such
exchange and of like principal amount; and the Trustee, upon Company Request of
the successor Person, shall authenticate and deliver Securities as specified in
such request for the purpose of such exchange. If Securities shall at any time
be authenticated and delivered in any new name of a successor Person pursuant to
this Section in exchange or substitution for or upon registration of transfer of
any Securities, such successor Person, at the option of the Holders but without
expense to them, shall provide for the exchange of all Securities at the time
Outstanding for Securities authenticated and delivered in such new name.

          SECTION 304.  TEMPORARY SECURITIES.

          Pending the preparation of definitive Securities, the Company may
execute, and upon Company Order the Trustee shall authenticate and deliver,
temporary Securities which are printed, lithographed, typewritten, mimeographed
or otherwise produced, in any authorized denomination, substantially of the
tenor of the definitive Securities in lieu of which they are issued and with
such appropriate insertions, omissions, substitutions and other variations as
the officers executing such Securities may determine, as conclusively evidenced
by their execution of such Securities.

          If temporary Securities are issued, the Company will cause definitive
Securities to be prepared without unreasonable delay. After the preparation of
definitive Securities, the temporary Securities shall be exchangeable for
definitive Securities upon surrender of the temporary Securities at the office
or agency of the Company designated for such purpose pursuant to Section 1002,
without charge to the Holder. Upon surrender for cancellation of any one or more
temporary Securities, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a like principal amount of
definitive Securities of authorized denominations. Until so exchanged, the
temporary Securities shall in all respects be entitled to the same benefits
under this Indenture as definitive Securities.

          SECTION 305.  REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE.

          The Company shall cause to be kept at the Corporate Trust Office of
the Trustee a register (the register maintained in such office and in any other
office or agency designated pursuant to Section 1002 being herein sometimes
referred to as the "Security Register") in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration
of Securities and of transfers of Securities. The Security Register shall be in
written form or any other form capable of being converted into written form
within a reasonable time. At all reasonable times, the Security Register shall
be open to inspection by the Trustee. The Trustee is hereby initially

                                      -30-
<Page>

appointed as security registrar (the "Security Registrar") for the purpose of
registering Securities and transfers of Securities as herein provided.

          Upon surrender for registration of transfer of any Security at the
office or agency of the Company designated pursuant to Section 1002, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Securities of any
authorized denomination or denominations of a like aggregate principal amount.

          Furthermore, any Holder of the U.S. Global Security shall, by
acceptance of such Global Security, agree that transfers of beneficial interest
in such Global Security may be effected only through a book-entry system
maintained by the Holder at such Global Security (or its agent), and that
ownership of a beneficial interest in the Security shall be required to be
reflected in a book entry.

          At the option of the Holder, Securities may be exchanged for other
Securities of any authorized denomination and of a like aggregate principal
amount, upon surrender of the Securities to be exchanged at such office or
agency. Whenever any Securities are so surrendered for exchange, the Company
shall execute, and the Trustee shall authenticate and deliver, the Securities
which the Holder making the exchange is entitled to receive; PROVIDED that no
exchange of (i) Initial Securities for Exchange Securities that are issued and
exchanged for the Initial Securities or (ii) Additional Securities for Exchange
Securities that are issued and exchanged for the Additional Securities, shall
occur until an Exchange Offer Registration Statement shall have been declared
effective by the Commission and that the Securities to be exchanged for the
Exchange Securities shall be cancelled by the Trustee.

          All Securities issued upon any registration of transfer or exchange of
Securities shall be the valid obligations of the Company, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Securities
surrendered upon such registration of transfer or exchange.

          Every Security presented or surrendered for registration of transfer
or for exchange shall (if so required by the Company or the Security Registrar)
be duly endorsed, or be accompanied by a written instrument of transfer, in form
satisfactory to the Company and the Security Registrar, duly executed by the
Holder thereof or his attorney duly authorized in writing.

          No service charge shall be made for any registration of transfer or
exchange or redemption of Securities, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any registration of transfer or exchange of Securities, other
than exchanges pursuant to Section 304, 906, 1015, 1016 or 1108 not involving
any transfer.

          The Company shall not be required (i) to issue, register the transfer
of or exchange any Security during a period beginning at the opening of business
15 days before the selection of Securities to be redeemed under Section 1104 and
ending at the close of business on the day of such mailing of the relevant
notice of redemption, or (ii) to register the transfer of or exchange any
Security so selected for redemption in whole or in part, except the unredeemed
portion of any Security being redeemed in part.

                                      -31-
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          SECTION 306.  BOOK-ENTRY PROVISIONS FOR GLOBAL SECURITIES.

          (a)     Each Global Security initially shall (i) be registered in the
name of the Depositary for such Global Security or the nominee of such
Depositary, (ii) be delivered to the Trustee as custodian for such Depositary
and (iii) bear legends as set forth in Section 202.

          Members of, or participants in, the Depositary ("Agent Members") shall
have no rights under this Indenture with respect to any Global Security held on
their behalf by the Depositary, or the Trustee as its custodian, or under the
Global Security, and the Depositary may be treated by the Company, the Trustee
and any agent of the Company or the Trustee as the absolute owner of such Global
Security for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee or any agent of the Company or the
Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or shall impair, as between the
Depositary and its Agent Members, the operation of customary practices governing
the exercise of the rights of a holder of any Security.

          (b)     Transfers of the U.S. Global Security or the Regulation S
Global Security shall be limited to transfers of such Global Security to the
Depositary, its successors or their respective nominees. Interests of beneficial
owners in the U.S. Global Security or the Regulation S Global Security may be
transferred in accordance with the rules and procedures of the Depositary and
the provisions of Section 307. Beneficial owners may obtain Physical Securities
in exchange for their beneficial interests in the U.S. Global Security or the
Regulation S Global Security upon request in accordance with the Depositary's
and the Registrar's procedures. In addition, Physical Securities shall be
transferred to all beneficial owners in exchange for their beneficial interests
in the Global Security or the Regulation S Global Security if (i) the Depositary
(A) notifies the Company that it is unwilling or unable to continue as
Depositary for such Global Security or (B) ceases to be a clearing agency
registered as such under the Exchange Act and, in either case, a successor
depositary is not appointed by the Company within 90 days of such notice or (ii)
an Event of Default has occurred and is continuing and the Registrar has
received a request from the Depositary.

          (c)     In connection with any transfer of a portion of the beneficial
interest in the U.S. Global Security or the Regulation S Global Security to
beneficial owners pursuant to subsection (b) of this Section, the Registrar
shall reflect on its books and records the date and a decrease or increase in
the principal amount of the U.S. Global Security or the Regulation S Global
Security in an amount equal to the principal amount of the beneficial interest
in the U.S. Global Security or the Regulation S Global Security to be
transferred, and the Company shall execute, and the Trustee shall authenticate
and deliver, one or more Physical Securities of like tenor and amount.

          (d)     In connection with the transfer of the entire U.S. Global
Security or the Regulation S Global Security to beneficial owners pursuant to
subsection (b) of this Section, a Global Security shall be deemed to be
surrendered to the Trustee for cancellation, and the Company shall execute, and
the Trustee shall authenticate and deliver, to each beneficial owner identified
by the Depositary in exchange for its beneficial interest in a Global Security,
an equal aggregate principal amount of Physical Securities of authorized
denominations.

          (e)     Any Physical Security delivered in exchange for an interest in
a Global Security pursuant to subsection (c) or subsection (d) of this Section
shall, except as otherwise

                                      -32-
<Page>

provided by paragraph (e) of Section 307, bear the applicable legend regarding
transfer restrictions applicable to the Physical Security set forth in Section
202.

          (f)     If any Global Security is to be exchanged for other Securities
or canceled in whole, it shall be surrendered by or on behalf of the Depositary
or its nominee to the Trustee, as Registrar, for exchange or cancellation as
provided in this Article Three. If any Global Security is to be exchanged for
other Securities or cancelled in part, or if another Security is to be exchanged
in whole or in part for a beneficial interest in any Global Security, then
either (i) such Global Security shall be so surrendered for exchange or
cancellation as provided in this Article Three or (ii) the principal amount
thereof shall be reduced or increased by an amount equal to the portion thereof
to be so exchanged or canceled, or equal to the principal amount of such other
Security to be so exchanged for a beneficial interest therein, as the case may
be, by means of an appropriate adjustment made on the records of the Trustee, as
Registrar, whereupon the Trustee, in accordance with the Applicable Procedures,
shall instruct the Depositary or its authorized representative to make a
corresponding adjustment to its records. Upon any such surrender or adjustment
of a Global Security, the Trustee shall, subject to this Section 306(f) and as
otherwise provided in this Article Three, authenticate and deliver any
Securities issuable in exchange for such Global Security (or any portion
thereof) to or upon the order of, and registered in such names as may be
directed by, the Depositary or its authorized representative.

          (g)     The registered holder of a Global Security may grant proxies
and otherwise authorize any person, including Agent Members and persons that may
hold interests through Agent Members, to take any action which a Holder is
entitled to take under this Indenture or the Securities.

          SECTION 307.  SPECIAL TRANSFER PROVISIONS.

          Unless and until (i) a Security is sold under an effective
Registration Statement, or (ii) a Security is exchanged for an Exchange Security
in connection with an effective Registration Statement, in each case pursuant to
the Registration Rights Agreement, the following provisions shall apply:

          (a)     TRANSFERS TO QIBs. The following provisions shall apply with
respect to the registration of any proposed transfer of an Initial Security to a
QIB (excluding Non-U.S. Persons):

          (i)     If the Security to be transferred consists of Physical
     Securities, the Registrar shall register the transfer if such transfer is
     being made by a proposed transferor who has checked the box provided for on
     the form of Security stating, or has otherwise advised the Company and the
     Registrar in writing, that the sale has been made in compliance with the
     provisions of Rule 144A to a transferee who has signed the certification
     provided for on the form of Security stating, or has otherwise advised the
     Company and the Registrar in writing, that it is purchasing the Security
     for its own account or an account with respect to which it exercises sole
     investment discretion and that it, or the person on whose behalf it is
     acting with respect to any such account, is a QIB within the meaning of
     Rule 144A, and is aware that the sale to it is being made in reliance on
     Rule 144A and acknowledges that it has received such information regarding
     the Company as it has requested pursuant to Rule 144A or has determined not
     to request such information and that it is aware that the transferor is
     relying

                                      -33-
<Page>

     upon its foregoing representations in order to claim the exemption from
     registration provided by Rule 144A.

          (ii)    If the proposed transferee is an Agent Member, and the
     Security to be transferred consists of Physical Securities, upon receipt by
     the Registrar of instructions given in accordance with the Depositary's and
     the Registrar's procedures therefor, the Registrar shall reflect on its
     books and records the date and an increase in the principal amount of the
     U.S. Global Security or the Regulation S Security in an amount equal to the
     principal amount of the Physical Securities, to be transferred, and the
     Trustee shall cancel the Physical Security so transferred.

          (b)     CERTAIN OTHER TRANSFERS AND EXCHANGES. Transfers and exchanges
of Securities and beneficial interests in a Global Security of the kinds
specified in this Section 307 shall be made in accordance with this Section 307
and subject in each case to the Applicable Procedures, which Applicable
Procedures shall, to the extent lawful, override the provisions of this
Indenture to the extent inconsistent.

          (i)     U.S. GLOBAL SECURITY TO REGULATION S GLOBAL SECURITY. If the
     owner of a beneficial interest in the U.S. Global Security wishes at any
     time to transfer such interest to a Person who wishes to acquire the same
     in the form of a beneficial interest in the Regulation S Global Security,
     such transfer may be effected only in accordance with the provisions of
     this paragraph and paragraph (iv) below and subject to the Applicable
     Procedures. Upon receipt by the Trustee, as Registrar, of (a) an order
     given by the Depositary or its authorized representative directing that a
     beneficial interest in the Regulation S Global Security in a specified
     principal amount be credited to a specified Agent Member's account and that
     a beneficial interest in the U.S. Global Security in an equal principal
     amount be debited from another specified Agent Member's account and (b) a
     Regulation S Certificate in the form satisfactory to the Trustee and duly
     executed by the owner of such beneficial interest in the U.S. Global
     Security or his attorney duly authorized in writing, then the Trustee, as
     Registrar but subject to paragraph (iv) below, shall reduce the principal
     amount of the U.S. Global Security and increase the principal amount of the
     Regulation S Global Security by such specified principal amount as provided
     in Section 306(f).

          (ii)    REGULATION S GLOBAL SECURITY TO U.S. GLOBAL SECURITY. If the
     owner of a beneficial interest in the Regulation S Global Security wishes
     at any time to transfer such interest to a Person who wishes to acquire the
     same in the form of a beneficial interest in the U.S. Global Security, such
     transfer may be effected only in accordance with this paragraph (ii) and
     subject to the Applicable Procedures. Upon receipt by the Trustee, as
     Security Registrar, of (a) an order given by the Depositary or its
     authorized representative directing that a beneficial interest in the U.S.
     Global Security in a specified principal amount be credited to a specified
     Agent Member's account and that a beneficial interest in the Regulation S
     Global Security in an equal principal amount be debited from another
     specified Agent Member's account and (b) if such transfer is to occur
     during the Restricted Period, a Restricted Securities Certificate in the
     form satisfactory to the Trustee and duly executed by the owner of such
     beneficial interest in the Regulation S Global Security or his attorney
     duly authorized in writing, then the Trustee, as Security Registrar, shall
     reduce the principal amount of the

                                      -34-
<Page>

     Regulation S Global Security and increase the principal amount of the U.S.
     Global Security by such specified principal amount as provided in Section
     306(f).

          (iii)   EXCHANGES BETWEEN GLOBAL SECURITY AND NON-GLOBAL SECURITY. A
     beneficial interest in a Global Security may be exchanged for a Security
     that is not a Global Security as provided in Section 307(c), provided that,
     if such interest is a beneficial interest in the U.S. Global Security, or
     if such interest is a beneficial interest in the Regulation S Global
     Security and such exchange is to occur during the Restricted Period, then
     such interest shall bear the Private Placement Legend (subject in each case
     to Section 307(c)).

          (iv)    REGULATION S GLOBAL SECURITY TO BE HELD THROUGH EUROCLEAR OR
     CLEARSTREAM DURING RESTRICTED PERIOD. The Company shall use its best
     efforts to cause the Depositary to ensure that, until the expiration of the
     Restricted Period, beneficial interests in the Regulation S Global Security
     may be held only in or through accounts maintained at the Depositary by
     Euroclear or Clearstream (or by Agent Members acting for the account
     thereof), and no person shall be entitled to effect any transfer or
     exchange that would result in any such interest being held otherwise than
     in or through such an account; provided that this paragraph (iv) shall not
     prohibit any transfer or exchange of such an interest in accordance with
     paragraph (ii) above.

          (c)     PRIVATE PLACEMENT LEGEND. Upon the transfer, exchange or
replacement of Securities not bearing the Private Placement Legend, the
Registrar shall deliver Securities that do not bear the Private Placement
Legend. Upon the transfer, exchange or replacement of Securities bearing the
Private Placement Legend, the Registrar shall deliver only Securities that bear
the Private Placement Legend unless there is delivered to the Registrar an
Opinion of Counsel reasonably satisfactory to the Company and the Trustee to the
effect that neither such legend nor the related restrictions on transfer are
required in order to maintain compliance with the provisions of the Securities
Act.

          (d)     GENERAL. By its acceptance of any Security bearing the Private
Placement Legend, each Holder of such a Security acknowledges the restrictions
on transfer of such Security set forth in this Indenture and in the Private
Placement Legend and agrees that it will transfer such Security only as provided
in this Indenture.

          The Registrar shall retain copies of all letters, notices and other
written communications received pursuant to Section 306 or this Section 307. The
Company shall have the right to inspect and make copies of all such letters,
notices or other written communications at any reasonable time upon the giving
of reasonable written notice to the Registrar.

          SECTION 308.  MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES.

          If (i) any mutilated Security is surrendered to the Trustee or the
Registrar, or (ii) the Company and the Trustee receive evidence to their
satisfaction of the destruction, loss or theft of any Security, and there is
delivered to the Company and the Trustee such security or indemnity as may be
required by them to save each of them harmless, then, in the absence of notice
to the Company or the Trustee that such Security has been acquired by a bona
fide purchaser, the Company shall execute and upon Company Order the Trustee
shall authenticate and deliver, in exchange for any such mutilated

                                      -35-
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Security or in lieu of any such destroyed, lost or stolen Security, a new
Security of like tenor and principal amount, bearing a number not
contemporaneously outstanding.

          In case any such mutilated, destroyed, lost or stolen Security has
become or is about to become due and payable, the Company in its discretion may,
instead of issuing a new Security, pay such Security.

          Upon the issuance of any new Security under this Section, the Company
may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected therewith.

          Every new Security issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or
stolen Security shall be at any time enforceable by anyone, and shall be
entitled to all benefits of this Indenture equally and proportionately with any
and all other Securities duly issued hereunder.

          The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities.

          SECTION 309.  PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED.

          Interest on any Security which is payable, and is punctually paid or
duly provided for, on any Interest Payment Date shall be paid to the Person in
whose name such Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such interest at the
office or agency of the Company maintained for such purpose pursuant to Section
1002; PROVIDED, HOWEVER, that each installment of interest may at the Company's
option be paid by (i) mailing a check for such interest, payable to or upon the
written order of the Person entitled thereto pursuant to Section 310, to the
address of such Person as it appears in the Security Register or (ii) transfer
to an account maintained by the payee located in the United States.

          Any interest on any Security which is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date shall forthwith cease to
be payable to the Holder on the Regular Record Date by virtue of having been
such Holder, and such defaulted interest and (to the extent lawful) interest on
such defaulted interest at the rate borne by the Securities (such defaulted
interest and interest thereon herein collectively called "Defaulted Interest")
may be paid by the Company, at its election in each case, as provided in clause
(1) or (2) below:

          (1)     The Company may elect to make payment of any Defaulted
     Interest to the Persons in whose names the Securities (or their respective
     Predecessor Securities) are registered at the close of business on a
     Special Record Date for the payment of such Defaulted Interest, which shall
     be fixed in the following manner. The Company shall notify the Trustee in
     writing of the amount of Defaulted Interest proposed to be paid on each
     Security and the date of the proposed payment, and at the same time the
     Company shall irrevocably deposit with the Trustee an amount of money equal
     to the aggregate amount proposed to be paid in

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     respect of such Defaulted Interest or shall make arrangements satisfactory
     to the Trustee for such deposit prior to the date of the proposed payment,
     such money when deposited to be held in trust for the benefit of the
     Persons entitled to such Defaulted Interest as in this clause provided.
     Thereupon the Trustee shall fix a Special Record Date for the payment of
     such Defaulted Interest which shall be not more than 15 days and not less
     than 10 days prior to the date of the proposed payment and not less than 10
     days after the receipt by the Trustee of the notice of the proposed
     payment. The Trustee shall promptly notify the Company of such Special
     Record Date, and in the name and at the expense of the Company, shall cause
     notice of the proposed payment of such Defaulted Interest and the Special
     Record Date therefor to be given in the manner provided for in Section 107,
     not less than 10 days prior to such Special Record Date. Notice of the
     proposed payment of such Defaulted Interest and the Special Record Date
     therefor having been so given, such Defaulted Interest shall be paid to the
     Persons in whose names the Securities (or their respective Predecessor
     Securities) are registered at the close of business on such Special Record
     Date and shall no longer be payable pursuant to the following clause (2).

          (2)     The Company may make payment of any Defaulted Interest in any
     other lawful manner not inconsistent with the requirements of any
     securities exchange on which the Securities may be listed, and upon such
     notice as may be required by such exchange, if, after notice given by the
     Company to the Trustee of the proposed payment pursuant to this clause,
     such manner of payment shall be deemed practicable by the Trustee.

          Subject to the foregoing provisions of this Section, each Security
delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued
and unpaid, and to accrue, which were carried by such other Security.

          SECTION 310.  PERSONS DEEMED OWNERS.

          Prior to the due presentment of a Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name such Security is registered as the owner of
such Security for the purpose of receiving payment of principal of (and premium,
if any, on) and (subject to Sections 305 and 309) interest on such Security and
for all other purposes whatsoever, whether or not such Security be overdue, and
none of the Company, the Trustee or any agent of the Company or the Trustee
shall be affected by notice to the contrary.

          SECTION 311.  CANCELLATION.

          All Securities surrendered for payment, redemption, registration of
transfer or exchange shall, if surrendered to any Person other than the Trustee,
be delivered to the Trustee and shall be promptly cancelled by it. The Company
may at any time deliver to the Trustee for cancellation any Securities
previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and may deliver to the Trustee (or to any
other Person for delivery to the Trustee) for cancellation any Securities
previously authenticated hereunder which the Company has not issued and sold,
and all Securities so delivered shall be promptly cancelled by the Trustee. If
the Company shall so acquire any of the Securities, however, such acquisition
shall not operate as a redemption or satisfaction of the indebtedness
represented by such Securities unless and until the same are surrendered to the
Trustee for cancellation along with an Officers' Certificate and

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Company Order requesting the cancellation. No Securities shall be authenticated
in lieu of or in exchange for any Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture. All cancelled
Securities held by the Trustee shall be disposed of by the Trustee in accordance
with its customary procedures and certification of their disposal delivered to
the Company unless by Company Order the Company shall direct that cancelled
Securities be returned to it.

          SECTION 312.  COMPUTATION OF INTEREST.

          Interest on the Securities shall be computed on the basis of a 360-day
year of twelve 30-day months.

          SECTION 313.  CUSIP NUMBERS.

          The Company in issuing the Securities may use "CUSIP" numbers (if then
generally in use), and, if so, the Trustee shall use "CUSIP" numbers in notices
of redemption as a convenience to Holders; provided that any such notice may
state that no representation is made as to the correctness of such numbers
either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the identification numbers
printed on the Securities, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Company will promptly notify the
Trustee of any change in the "CUSIP" numbers.

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                                  ARTICLE FOUR

                           SATISFACTION AND DISCHARGE

          SECTION 401.  SATISFACTION AND DISCHARGE OF INDENTURE.

          This Indenture shall upon Company Request cease to be of further
effect (except as to surviving rights or registration of transfer or exchange of
Securities herein expressly provided for) and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture when

          (1)     either

                     (a)    all Securities theretofore authenticated and
          delivered (other than (i) Securities which have been destroyed, lost
          or stolen and which have been replaced or paid as provided in Section
          308 and (ii) Securities for whose payment money has theretofore been
          deposited in trust with the Trustee or any Paying Agent or segregated
          and held in trust by the Company and thereafter repaid to the Company
          or discharged from such trust, as provided in Section 1003) have been
          delivered to the Trustee for cancellation; or

                     (b)    all such Securities not theretofore delivered to the
          Trustee for cancellation

                              (i)   have become due and payable, or

                              (ii)  will become due and payable at their Stated
                  Maturity within one year, or

                              (iii) are to be called for redemption within one
                  year under arrangements satisfactory to the Trustee for the
                  giving of notice of redemption by the Trustee in the name, and
                  at the expense, of the Company,

                  and the Company or any Guarantor, in the case of (i), (ii) or
          (iii) above, has irrevocably deposited or caused to be deposited with
          the Trustee as trust funds in trust for the purpose an amount
          sufficient to pay and discharge the entire indebtedness on such
          Securities not theretofore delivered to the Trustee for cancellation,
          for principal (and premium, if any) and interest to the date of such
          deposit (in the case of Securities which have become due and payable)
          or to the Stated Maturity or Redemption Date, as the case may be;

          (2)     the Company has paid or caused to be paid all other sums
     payable hereunder by the Company; and

          (3)     the Company has delivered to the Trustee an Officers'
     Certificate and an Opinion of Counsel each satisfactory in form and
     substance to the Trustee, which, taken together, state that all conditions
     precedent herein provided for relating to the satisfaction and discharge of
     this Indenture have been complied with.

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          Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 606 and, if money shall
have been deposited with the Trustee pursuant to subclause (b) of clause (1) of
this Section, the obligations of the Trustee under Section 402 and the last
paragraph of Section 1003 shall survive.

          SECTION 402.  APPLICATION OF TRUST MONEY.

          Subject to the provisions of the last paragraph of Section 1003, all
money deposited with the Trustee pursuant to Section 401 shall be held in trust
and applied by it, in accordance with the provisions of the Securities and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal (and premium, if
any) and interest for whose payment such money has been deposited with the
Trustee; but such money need not be segregated from other funds except to the
extent required by law.

                                      -40-
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                                  ARTICLE FIVE

                                    REMEDIES

          SECTION 501.  EVENTS OF DEFAULT.

          "Event of Default", wherever used herein, means any one of the
following events (whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body):

          (1)     default in the payment of the principal of or premium, if any,
     when due and payable, on any of the Securities; or

          (2)     default in the payment of an installment of interest on any of
     the Securities, when due and payable, for 30 days; or

          (3)     default in the performance or breach of the provisions of
     Article Eight of this Indenture, the failure to make or consummate a Change
     of Control Offer in accordance with the provisions of Section 1015 or the
     failure to make or consummate an Excess Proceeds Offer in accordance with
     the provisions of Section 1016; or

          (4)     the Company or any Guarantor shall fail to perform or observe
     any other term, covenant or agreement contained in the Securities, any
     Guarantee or this Indenture (other than a default specified in (1), (2) or
     (3) above) for a period of 30 days after written notice of such failure
     requiring the Company to remedy the same shall have been given (x) to the
     Company by the Trustee or (y) to the Company and the Trustee by the holders
     of 25% in aggregate principal amount of the Securities then outstanding; or

          (5)     (x) payment default or defaults under one or more mortgages,
     bonds, debentures or other evidences of Indebtedness under which the
     Company or any Significant Subsidiary then has outstanding Indebtedness in
     excess of $5,000,000, individually or in the aggregate, or (y) any other
     default under any Indebtedness of the type and in excess of the amount
     described in clause (x) and either (a) such Indebtedness is already due and
     payable in full or (b) such default or defaults have resulted in the
     acceleration of the maturity of such Indebtedness; or

          (6)     one or more final judgments, orders or decrees (to the extent
     not paid or covered by insurance in the good faith judgment of the Company)
     of any court or regulatory or administrative agency of competent
     jurisdiction for the payment of money in excess of $5,000,000, either
     individually or in the aggregate, shall be entered against the Company or
     any of its Significant Subsidiaries or any of their respective properties
     and shall not be discharged or fully bonded and there shall have been a
     period of 60 days after the date on which any period for appeal has expired
     and during which a stay of enforcement of such judgment, order or decree,
     shall not be in effect; or

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          (7)     any Guarantee ceases to be in full force and effect or is
     declared null and void or any Guarantor denies that it has any further
     liability under any Guarantee, or gives notice to such effect (other than
     by reason of the termination of this Indenture or the release of any such
     Guarantee in accordance with this Indenture) and such condition shall have
     continued for a period of 30 days after written notice of such failure
     requiring the Guarantor and the Company to remedy the same shall have been
     given (x) to the Company by the Trustee or (y) to the Company and the
     Trustee by the holders of 25% in aggregate principal amount of the
     Securities then outstanding; or

          (8)     the entry of a decree or order by a court having jurisdiction
     in the premises adjudging the Company or any Significant Subsidiary a
     bankrupt or insolvent, or approving as properly filed a petition seeking
     reorganization, arrangement, adjustments or composition of or in respect of
     the Company or any Significant Subsidiary under the Federal Bankruptcy Code
     or any other applicable federal or state law, or appointing a receiver,
     liquidator, assignee, trustee, sequestrator (or other similar official) of
     the Company or any Significant Subsidiary or of any substantial part of its
     property, or ordering the winding up or liquidation of its affairs, and the
     continuance of any such decree or order unstayed and in effect for a period
     of 90 consecutive days; or

          (9)     the institution by the Company or any Significant Subsidiary
     of proceedings to be adjudicated a bankrupt or insolvent, or the consent by
     it to the institution of bankruptcy or insolvency proceedings against it,
     or the filing by it of a petition or answer or consent seeking
     reorganization or relief under the Federal Bankruptcy Code or any other
     applicable federal or state law, or the consent by it to the filing of any
     such petition or to the appointment of a receiver, liquidator, assignee,
     trustee, sequestrator (or other similar official) of the Company or any
     Significant Subsidiary or of any substantial part of its property, or the
     making by it of an assignment for the benefit of creditors, or the
     admission by it in writing of its inability to pay its debts generally as
     they become due.

          SECTION 502.  ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT.

          If an Event of Default (other than an Event of Default specified in
Section 501(8) or 501(9)) occurs and is continuing, then and in every such case
the Trustee or the Holders of not less than 25% in principal amount of the
Securities Outstanding may declare the principal amount of, premium, if any, and
accrued interest on all the Securities to be due and payable immediately, by a
notice in writing to the Company (and to the Trustee if given by Holders), upon
which declaration all amounts payable in respect of the Securities shall be
immediately due and payable. If an Event of Default specified in Section 501(8)
or 501(9) occurs and is continuing, then the principal amount of, premium, if
any, and accrued interest on all the Securities shall IPSO FACTO become and be
immediately due and payable without any declaration or other act on the part of
the Trustee or any Holder.

          In the case of any Event of Default occurring by reason of any willful
action or inaction taken or not taken by or on behalf of the Company with the
intention of avoiding payment of the premium that the Company would have had to
pay if the Company had then elected to redeem the Securities pursuant to Article
Eleven of this Indenture and the conditions specified in the form of Security,
an equivalent premium shall also become immediately due and payable to the
extent permitted by law upon the acceleration of the Securities. If an Event of
Default occurs during any

                                      -42-
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time that the Securities are outstanding, by reason of any willful action or
inaction taken or not taken by or on behalf of the Company with the intention of
avoiding the limitation on redemptions of Securities specified in this
Indenture, then the initial redemption premium specified in the first paragraph
of Section 1101 of this Indenture shall also become immediately due and payable
to the extent permitted by law upon the acceleration of the Securities.

          At any time after a declaration of acceleration has been made and
before a judgment or decree for payment of the money due has been obtained by
the Trustee as hereinafter in this Article provided, the Holders of a majority
in principal amount of the Securities Outstanding, by written notice to the
Company and the Trustee, may rescind and annul such declaration and its
consequences if

          (1)     the Company has paid or deposited with the Trustee a sum
     sufficient to pay

                        (A)   all overdue interest on all Outstanding
          Securities,

                        (B)   all unpaid principal of (and premium, if any, on)
          any Outstanding Securities which has become due otherwise than by such
          declaration of acceleration, and interest on such unpaid principal at
          the rate borne by the Securities,

                        (C)   to the extent that payment of such interest is
          lawful, interest on overdue interest at the rate borne by the
          Securities which has become due otherwise than by such declaration of
          acceleration, and

                        (D)   all sums paid or advanced by the Trustee
          hereunder and the reasonable compensation, expenses, disbursements and
          advances of the Trustee, its agents and counsel; and

          (2)     such rescission would not conflict with any judgment or decree
     of a court of competent jurisdiction; and

          (3)     all Events of Default, other than the non-payment of amounts
     of principal of (or premium, if any, on) or interest on Securities which
     have become due solely by such declaration of acceleration, have been cured
     or waived as provided in Section 513.

No such rescission shall affect any subsequent default or impair any right
consequent thereon.

          Notwithstanding the preceding paragraph, in the event of a declaration
of acceleration in respect of the Securities because of an Event of Default
shall have occurred and be continuing, such declaration of acceleration shall be
automatically annulled if the Indebtedness that is the subject of such Event of
Default has been discharged or the holders thereof have rescinded their
declaration of acceleration in respect of such Indebtedness, and written notice
of such discharge or rescission, as the case may be, shall have been given to
the Trustee by the Company and countersigned by the holders of such Indebtedness
or a trustee, fiduciary or agent for such holders, within 30 days after such
declaration of acceleration in respect of the Securities, and no other Event of
Default has occurred during such 30-day period which has not been cured or
waived during such period.

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          SECTION 503.  COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT
BY TRUSTEE.

          The Company covenants that if

          (a)     default is made in the payment of any installment of interest
on any Security when such interest becomes due and payable and such default
continues for a period of 30 days, or

          (b)     default is made in the payment of the principal of (or
premium, if any, on) any Security at the Maturity thereof,

the Company will, upon demand of the Trustee, pay to the Trustee for the benefit
of the Holders of such Securities, the whole amount then due and payable on such
Securities for principal (and premium, if any) and interest, and interest on any
overdue principal (and premium, if any) and, to the extent that payment of such
interest shall be legally enforceable, upon any overdue installment of interest,
at the rate borne by the Securities, and, in addition thereto, such further
amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel.

          If the Company fails to pay such amounts forthwith upon such demand,
the Trustee, in its own name as trustee of an express trust, may institute a
judicial proceeding for the collection of the sums so due and unpaid, may
prosecute such proceeding to judgment or final decree and may enforce the same
against the Company or any other obligor upon the Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of
the property of the Company or any other obligor upon the Securities, wherever
situated.

          If an Event of Default occurs and is continuing, the Trustee may in
its discretion proceed to protect and enforce its rights and the rights of the
Holders by such appropriate judicial proceedings as the Trustee shall deem most
effectual to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy.

          SECTION 504.  TRUSTEE MAY FILE PROOFS OF CLAIM.

          In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the
Securities or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand on
the Company for the payment of overdue principal, premium, if any, or interest)
shall be entitled and empowered, by intervention in such proceeding or
otherwise,

          (i)     to file and prove a claim for the whole amount of principal
     (and premium, if any) and interest owing and unpaid in respect of the
     Securities and to file such other papers or documents as may be necessary
     or advisable in order to have the claims of the Trustee (including any
     claim for the reasonable compensation, expenses, disbursements and advances

                                      -44-
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     of the Trustee, its agents and counsel) and of the Holders allowed in such
     judicial proceeding, and

          (ii)    to collect and receive any moneys or other property payable or
     deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay the
Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 606.

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

          SECTION 505.  TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF
SECURITIES.

          All rights of action and claims under this Indenture or the Securities
may be prosecuted and enforced by the Trustee without the possession of any of
the Securities or the production thereof in any proceeding relating thereto, and
any such proceeding instituted by the Trustee shall be brought in its own name
and as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders of the Securities in respect of which such
judgment has been recovered.

          SECTION 506.  APPLICATION OF MONEY COLLECTED.

          Any money collected by the Trustee pursuant to this Article shall be
applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such money on account of principal (or premium,
if any) or interest, upon presentation of the Securities and the notation
thereon of the payment if only partially paid and upon surrender thereof if
fully paid:

          FIRST: To the payment of all amounts due the Trustee under
     Section 606;

          SECOND: To the payment of the amounts then due and unpaid for
     principal of (and premium, if any, on) and interest on the Securities in
     respect of which or for the benefit of which such money has been collected,
     ratably, without preference or priority of any kind, according to the
     amounts due and payable on such Securities for principal (and premium, if
     any) and interest, respectively; and

          THIRD: The balance, if any, to the Person or Persons entitled thereto.

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          SECTION 507.  LIMITATION ON SUITS.

          No Holder of any Securities shall have any right to institute any
proceeding, judicial or otherwise, with respect to this Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless

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

          (2)     the Holders of not less than 25% in principal amount of the
     Outstanding Securities shall have made written request to the Trustee to
     institute proceedings in respect of such Event of Default in its own name
     as Trustee hereunder;

          (3)     such Holder or Holders have offered to the Trustee reasonable
     indemnity against the costs, expenses and liabilities (including fees and
     expenses of its agents and counsel) to be incurred in compliance with such
     request;

          (4)     the Trustee for 15 days after its receipt of such notice,
     request and offer of indemnity has failed to institute any such proceeding;
     and

          (5)     no direction inconsistent with such written request has been
     given to the Trustee during such 15-day period by the Holders of a majority
     or more in principal amount of the Outstanding Securities;

it being understood and intended that no one or more Holders shall have any
right in any manner whatever by virtue of, or by availing of, any provision of
this Indenture to affect, disturb or prejudice the rights of any other Holders,
or to obtain or to seek to obtain priority or preference over any other Holders
or to enforce any right under this Indenture, except in the manner herein
provided and for the equal and ratable benefit of all the Holders.

          SECTION 508.  UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL,
PREMIUM AND INTEREST.

          Notwithstanding any other provision in this Indenture, the Holder of
any Security shall have the right, which is absolute and unconditional, to
receive payment, as provided herein (including, if applicable, Article Twelve)
and in such Security of the principal of (and premium, if any, on) and (subject
to Section 309) interest on, such Security on the respective Stated Maturities
expressed in such Security (or, in the case of redemption, on the Redemption
Date) and to institute suit for the enforcement of any such payment, and such
rights shall not be impaired without the consent of such Holder.

          SECTION 509.  RESTORATION OF RIGHTS AND REMEDIES.

          If the Trustee or any Holder has instituted any proceeding to enforce
any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to
the Trustee or to such Holder, then and in every such case, subject to any
determination in such proceeding, the Company, the Trustee and the Holders shall
be restored severally and respectively to their former positions hereunder and
thereafter all rights and

                                      -46-
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remedies of the Trustee and the Holders shall continue as though no such
proceeding had been instituted.

          SECTION 510.  RIGHTS AND REMEDIES CUMULATIVE.

          Except as otherwise provided with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities in the last paragraph
of Section 308, no right or remedy herein conferred upon or reserved to the
Trustee or to the Holders is intended to be exclusive of any other right or
remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

          SECTION 511.  DELAY OR OMISSION NOT WAIVER.

          No delay or omission of the Trustee or of any Holder of any Security
to exercise any right or remedy accruing upon any Event of Default shall impair
any such right or remedy or constitute a waiver of any such Event of Default or
an acquiescence therein. Every right and remedy given by this Article or by law
to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case
may be.

          SECTION 512.  CONTROL BY HOLDERS.

          The Holders of not less than a majority in principal amount of the
Outstanding Securities shall have the right to direct the time, method and place
of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee, PROVIDED that

          (1)     such direction shall not be in conflict with any rule of law
     or with this Indenture,

          (2)     the Trustee may take any other action deemed proper by the
     Trustee which is not inconsistent with such direction, and

          (3)     the Trustee need not take any action which might subject it to
     personal liability or be unjustly prejudicial to the Holders not
     consenting.

          SECTION 513.  WAIVER OF PAST DEFAULTS.

          The Holders of not less than a majority in principal amount of the
Outstanding Securities may on behalf of the Holders of all the Securities waive
any past default hereunder and its consequences, except a default

          (1)     in respect of the payment of the principal of (or premium, if
     any, on) or interest on any Security, or

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          (2)     in respect of a covenant or provision hereof which under
     Article Nine cannot be modified or amended without the consent of the
     Holder of each Outstanding Security affected.

          Upon any such waiver, such default shall cease to exist, and any Event
of Default arising therefrom shall be deemed to have been cured, for every
purpose of this Indenture; but no such waiver shall extend to any subsequent or
other default or Event of Default or impair any right consequent thereon.

          SECTION 514.  WAIVER OF STAY OR EXTENSION LAWS.

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

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                                   ARTICLE SIX

                                   THE TRUSTEE

          SECTION 601.  NOTICE OF DEFAULTS.

          If any Default hereunder is actually known to the Trustee, the Trustee
shall transmit in the manner and to the extent provided in TIA Section 313(c),
notice of such Default within 5 days after the occurrence of any such Default,
unless such Default shall have been cured or waived; PROVIDED, HOWEVER, that,
except in the case of a Default in the payment of the principal of (or premium,
if any, on) or interest on any Security, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the
Trustee in good faith determines that the withholding of such notice is in the
interest of the Holders; and PROVIDED FURTHER that in the case of any Default of
the character specified in Section 501(4) no such notice to Holders shall be
given until at least 30 days after the occurrence thereof.

          SECTION 602.  CERTAIN RIGHTS OF TRUSTEE.

          Subject to the provisions of TIA Sections 315(a) through 315(d):

          (1)     the Trustee may conclusively rely and shall be protected in
     acting or refraining from acting, pursuant to the terms of this Indenture
     or otherwise, upon any resolution, certificate, statement, instrument,
     opinion, report, notice, request, direction, consent, order, bond,
     debenture, note, other evidence of indebtedness or other paper or document
     believed by it to be genuine and to have been signed or presented by the
     proper party or parties;

          (2)     any request or direction of the Company mentioned herein shall
     be sufficiently evidenced by a Company Request or Company Order with
     sufficient detail as may be requested by the Trustee and any resolution of
     the Board of Directors may be sufficiently evidenced by a Board Resolution;

          (3)     whenever in the administration of this Indenture the Trustee
     shall deem it desirable that a matter be proved or established prior to
     taking, suffering or omitting any action hereunder, the Trustee (unless
     other evidence be herein specifically prescribed) may, in the absence of
     bad faith on its part conclusively, rely upon an Officers' Certificate
     and/or an Opinion of Counsel;

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

          (5)     the Trustee shall be under no obligation to exercise any of
     the rights or powers vested in it by this Indenture at the request or
     direction of any of the Holders pursuant to this Indenture, unless such
     Holders shall have offered to the Trustee security or indemnity reasonably
     satisfactory to it against the costs, expenses and liabilities (including
     fees and

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     expenses of its agents and counsel) which might be incurred by it in
     compliance with such request or direction;

          (6)     the Trustee shall not be bound to make any investigation into,
     and may conclusively rely upon, the facts or matters stated in any
     resolution, certificate, statement, instrument, opinion, report, notice,
     request, direction, consent, order, bond, debenture, note, other evidence
     of indebtedness or other paper or document, but the Trustee, in its
     discretion, may make such further inquiry or investigation into such facts
     or matters as it may see fit, and, if the Trustee shall determine to make
     such further inquiry or investigation, it shall be entitled to examine the
     books, records and premises of the Company, personally or by agent or
     attorney at the sole cost of the Company and shall incur no liability or
     additional liability of any kind by reason of such inquiry or
     investigation;

          (7)     the Trustee may execute any of the trusts or powers hereunder
     or perform any duties hereunder either directly or by or through agents or
     attorneys and the Trustee shall not be responsible for any misconduct or
     negligence on the part of any agent or attorney appointed with due care by
     it hereunder;

          (8)     the Trustee shall not be liable for any action taken, suffered
     or omitted by it in good faith and believed by it to be authorized or
     within the discretion or rights or powers conferred upon it by this
     Indenture;

          (9)     the Trustee shall not be liable with respect to any action
     taken or omitted to be taken by it in good faith in accordance with the
     direction of the Holders of a majority in principal amount of the
     Outstanding Securities of any series, determined as provided in Sections
     105 and 512, relating to the time, method and place of conducting any
     proceeding for any remedy available to the Trustee, or exercising any trust
     or power conferred upon the Trustee, under this Indenture with respect to
     the Securities of such series;

          (10)    notwithstanding anything else to the contrary contained
     herein, the Trustee need perform only those duties as are specifically set
     forth in this Indenture and no others and no implied covenants or
     obligations shall be read into this Indenture against the Trustee.

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

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

          (13)    the Trustee may request that the Company deliver an Officers'
     Certificate setting forth the names of individuals and/or titles of
     officers authorized at such time to take specified actions pursuant to this
     Indenture, which Officers' Certificate may be signed by any

                                      -50-
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     person authorized to sign an Officers' Certificate, including any person
     specified as so authorized in any such certificate previously delivered and
     not superseded.

          The Trustee shall not be required to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers if it shall have
reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it.

          Whether or not therein expressly so provided, every provision of this
Indenture relating to the conduct or affecting the liability of or affording
protection to the Trustee shall be subject to the provisions of this Section.

          SECTION 603.  TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF
SECURITIES.

          The recitals contained herein and in the Securities, except for the
Trustee's certificates of authentication, shall be taken as the statements of
the Company, and the Trustee assumes no responsibility for their correctness.
The Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities, except that the Trustee represents that it is
duly authorized to execute and deliver this Indenture, authenticate the
Securities and perform its obligations hereunder and, upon the effectiveness of
the Registration Statement, that the statements made by it in a Statement of
Eligibility on Form T-1 supplied to the Company are true and accurate, subject
to the qualifications set forth therein. The Trustee shall not be accountable
for the use or application by the Company of Securities or the proceeds thereof.

          SECTION 604.  MAY HOLD SECURITIES.

          The Trustee, any Paying Agent, any Security Registrar or any other
agent of the Company or of the Trustee, in its individual or any other capacity,
may become the owner or pledgee of Securities and, subject to TIA Sections
310(b) and 311, may otherwise deal with the Company with the same rights it
would have if it were not Trustee, Paying Agent, Security Registrar or such
other agent.

          SECTION 605.  MONEY HELD IN TRUST.

          Money held by the Trustee in trust hereunder need not be segregated
from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as
otherwise agreed in writing with the Company.

          SECTION 606.  COMPENSATION AND REIMBURSEMENT.

          The Company agrees:

          (1)     to pay to the Trustee (in its capacity as Trustee, Paying
     Agent and Registrar) from time to time such compensation for all services
     rendered by it hereunder as the Company and the Trustee shall from time to
     time agree in writing (which compensation shall not be limited by any
     provision of law in regard to the compensation of a trustee of an express
     trust);

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          (2)     except as otherwise expressly provided herein, to reimburse
     the Trustee upon its request for all reasonable expenses, disbursements and
     advances incurred or made by the Trustee in accordance with any provision
     of this Indenture (including the reasonable compensation and the expenses
     and disbursements of its agents and counsel); and

          (3)     to indemnify the Trustee or any predecessor Trustee and their
     agents for, and to hold it harmless against, any loss, liability or expense
     incurred without negligence or bad faith on its part, arising out of or in
     connection with the acceptance or administration of this trust, including
     the costs and expenses of defending itself against any claim or liability
     in connection with the exercise or performance of any of its powers or
     duties hereunder.

          The obligations of the Company under this Section to compensate the
Trustee, to pay or reimburse the Trustee for expenses, disbursements and
advances and to indemnify and hold harmless the Trustee shall constitute
additional indebtedness hereunder. As security for the performance of such
obligations of the Company, the Trustee shall have a claim prior to the
Securities upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the payment of principal of (and premium, if any,
on) or interest on particular Securities.

          When the Trustee incurs expenses or renders services in connection
with an Event of Default specified in Section 501(9) or Section 501(10), the
expenses and the compensation for the services are intended to constitute
expenses of administration under any bankruptcy law.

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

          SECTION 607.  CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

          There shall at all times be a Trustee hereunder which shall be
eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined
capital and surplus of at least $50,000,000. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements
of federal, state, territorial or District of Columbia supervising or examining
authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at
any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with
the effect hereinafter specified in this Article.

          SECTION 608.  RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

          (a)     No resignation or removal of the Trustee and no appointment of
a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the
applicable requirements of Section 609.

          (b)     The Trustee may resign at any time by giving written notice
thereof to the Company. If the instrument of acceptance by a successor Trustee
required by Section 609 shall not have been delivered to the Trustee within 30
days after the giving of such notice of resignation, the

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resigning Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee.

          (c)     The Trustee may be removed at any time by Act of the Holders
of not less than a majority in principal amount of the Outstanding Securities,
delivered to the Trustee and to the Company.

          (d)     If at any time:

          (1)     the Trustee shall fail to comply with the provisions of TIA
     Section 310(b) after written request therefor by the Company or by any
     Holder who has been a bona fide Holder of a Security for at least six
     months, except when the Trustee's duty to resign is stayed in accordance
     with the provisions of TIA Section 310(b), or

          (2)     the Trustee shall cease to be eligible under Section 607 and
     shall fail to resign after written request therefor by the Company or by
     any Holder who has been a bona fide Holder of a Security for at least six
     months, or

          (3)     the Trustee shall become incapable of acting or shall be
     adjudged a bankrupt or insolvent or a receiver of the Trustee or of its
     property shall be appointed or any public officer shall take charge or
     control of the Trustee or of its property or affairs for the purpose of
     rehabilitation, conservation or liquidation,

then, in any such case, (i) the Company, by a Board Resolution, may remove the
Trustee, or (ii) subject to TIA Section 315(e), any Holder who has been a bona
fide Holder of a Security for at least six months may, on behalf of himself and
all others similarly situated, petition any court of competent jurisdiction for
the removal of the Trustee and the appointment of a successor Trustee.

          (e)     If the Trustee shall resign, be removed or become incapable of
acting, or if a vacancy shall occur in the office of Trustee for any cause, the
Company, by a Board Resolution, shall promptly appoint a successor Trustee. If,
within one year after such resignation, removal or incapability, or the
occurrence of such vacancy, a successor Trustee shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities
delivered to the Company and the retiring Trustee, the successor Trustee so
appointed shall, forthwith upon its acceptance of such appointment, become the
successor Trustee and supersede the successor Trustee appointed by the Company.
If no successor Trustee shall have been so appointed by the Company or the
Holders and accepted appointment in the manner hereinafter provided subject to
TIA Section 315(e), any Holder who has been a bona fide Holder of a Security for
at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the appointment of a successor
Trustee.

          (f)     The Company shall give notice of each resignation and each
removal of the Trustee and each appointment of a successor Trustee to the
Holders of Securities in the manner provided for in Section 107. Each notice
shall include the name of the successor Trustee and the address of its Corporate
Trust Office.

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          SECTION 609.  ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

          Every successor Trustee appointed hereunder shall execute, acknowledge
and deliver to the Company and to the retiring Trustee an instrument accepting
such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective and such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts
and duties of the retiring Trustee; but, on request of the Company or the
successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the
rights, powers and trusts of the retiring Trustee and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder subject to the retiring Trustee's rights as
provided under the last sentence of Section 606. Upon request of any such
successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such
rights, powers and trusts.

          No successor Trustee shall accept its appointment unless at the time
of such acceptance such successor Trustee shall be qualified and eligible under
this Article.

          SECTION 610.  MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO
BUSINESS.

          Any corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any
corporation succeeding to all or substantially all of the corporate trust
business of the Trustee, shall be the successor of the Trustee hereunder,
provided such corporation shall be otherwise qualified and eligible under this
Article, without the execution or filing of any paper or any further act on the
part of any of the parties hereto. In case any Securities shall have been
authenticated, but not delivered, by the Trustee then in office, any successor
by merger, conversion or consolidation to such authenticating Trustee may adopt
such authentication and deliver the Securities so authenticated with the same
effect as if such successor Trustee had itself authenticated such Securities;
and in case at that time any of the Securities shall not have been
authenticated, any successor Trustee may authenticate such Securities either in
the name of any predecessor hereunder or in the name of the successor Trustee;
and in all such cases such certificates shall have the full force which it is
anywhere in the Securities or in this Indenture provided that the certificate of
the Trustee shall have; PROVIDED, HOWEVER, that the right to adopt the
certificate of authentication of any predecessor Trustee or to authenticate
Securities in the name of any predecessor Trustee shall apply only to its
successor or successors by merger, conversion or consolidation.

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                                  ARTICLE SEVEN

                      HOLDERS' LISTS AND REPORTS BY TRUSTEE

          SECTION 701.  DISCLOSURE OF NAMES AND ADDRESSES OF HOLDERS.

          Every Holder of Securities, by receiving and holding the same, agrees
with the Company and the Trustee that none of the Company or the Trustee or any
agent of either of them shall be held accountable by reason of the disclosure of
any such information as to the names and addresses of the Holders in accordance
with TIA Section 312, regardless of the source from which such information was
derived, and that the Trustee shall not be held accountable by reason of mailing
any material pursuant to a request made under TIA Section 312(b).

          SECTION 702.  REPORTS BY TRUSTEE.

          Within 60 days after May 15 of each year commencing with the first May
15 after the first issuance of Securities, the Trustee shall transmit to the
Holders, in the manner and to the extent provided in TIA Section 313(c), a brief
report dated as of such May 15 if required by TIA Section 313(a) as provided for
in TIA Section 313(d). The Company will promptly notify the Trustee when the
Securities are listed on any stock exchange and any delisting thereof.

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                                  ARTICLE EIGHT

              CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

          SECTION 801.  COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS.

          The Company will not, in any transaction or series of transactions,
merge or consolidate with or into, or sell, assign, transfer, lease or otherwise
dispose of all or substantially all of its properties and assets as an entirety
to, any Person or Persons, and the Company will not permit any Restricted
Subsidiary to enter into any such transaction or series of transactions if such
transaction or series of transactions, in the aggregate, would result in a sale,
assignment, transfer, lease or other disposition of all or substantially all of
the properties and assets of the Company and its Restricted Subsidiaries on a
consolidated basis to any other Person or Persons (other than if a Restricted
Subsidiary merges or consolidates with or into, or sells, assigns, transfers,
leases or otherwise disposes of all or substantially all of its properties and
assets as an entity to the Company), unless at the time and after giving effect
thereto:

          (1)     either (A) if the transaction or transactions is a merger or
     consolidation, the Company shall be the surviving Person of such merger or
     consolidation, or (B) the Person formed by such consolidation or into which
     the Company or such Restricted Subsidiary is merged or to which the
     properties and assets of the Company or such Restricted Subsidiary, as the
     case may be, substantially as an entirety, are sold, assigned, transferred,
     leased or otherwise disposed of (any such surviving Person or transferee
     Person being the "Surviving Entity") shall be a corporation organized and
     existing under the laws of the United States of America, any state thereof
     or the District of Columbia and shall expressly assume by a supplemental
     indenture executed and delivered to the Trustee, in form satisfactory to
     the Trustee, all the obligations of the Company under the Securities and
     the Indenture, and, in each case, the Indenture shall remain in full force
     and effect; and

          (2)     immediately before and immediately after giving effect to such
     transaction or series of transactions on a PRO FORMA basis (including,
     without limitation, any Indebtedness incurred or anticipated to be incurred
     in connection with or in respect of such transaction or series of
     transactions), no Default or Event of Default shall have occurred and be
     continuing and the Company or the Surviving Entity, as the case may be,
     after giving effect to such transaction or series of transactions on a PRO
     FORMA basis, could incur $1.00 of additional Indebtedness (other than
     Permitted Indebtedness) pursuant to Section 1010.

          In connection with any consolidation, merger, transfer, lease or other
disposition contemplated hereby, the Company shall deliver, or cause to be
delivered, to the Trustee, in the form and substance reasonably satisfactory to
the Trustee, an Officers' Certificate stating that such consolidation, merger,
transfer, lease or other disposition and the supplemental indenture in respect
thereto comply with the requirements under this Indenture and an Opinion of
Counsel stating that the requirements of clause (1) of the preceding paragraph
have been complied with

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          SECTION 802.  SUCCESSOR SUBSTITUTED.

          Upon any consolidation or merger or any sale, assignment, conveyance,
transfer, lease or disposition of all or substantially all of the properties and
assets of the Company in accordance with Section 801 in which the Company is not
the continuing obligor under this Indenture, the Surviving Entity shall succeed
to and be substituted for, and may exercise every right and power of, the
Company under this Indenture with the same effect as if such successor had been
named as the Company therein. When a successor assumes all the obligations of
its predecessor under this Indenture or the Securities, the predecessor shall be
released from those obligations; PROVIDED that in the case of a transfer by
lease, the predecessor shall not be released from the payment of principal and
interest on the Securities.

          SECTION 803.  SECURITIES TO BE SECURED IN CERTAIN EVENTS.

          If, upon any such consolidation of the Company with or merger of the
Company into any other corporation, or upon any conveyance, lease or transfer of
the property of the Company substantially as an entirety to any other Person,
any property or assets of the Company would thereupon become subject to any
Lien, then unless such Lien could be created pursuant to Section 1014 without
equally and ratably securing the Securities, the Company, prior to or
simultaneously with such consolidation, merger, conveyance, lease or transfer,
will as to such property or assets, secure the Securities Outstanding (together
with, if the Company shall so determine any other Indebtedness of the Company
now existing or hereinafter created which is not subordinate in right of payment
to the Securities) equally and ratably with (or prior to) the Indebtedness which
upon such consolidation, merger, conveyance, lease or transfer is to become
secured as to such property or assets by such Lien, or will cause such
Securities to be so secured.

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                                  ARTICLE NINE

                             SUPPLEMENTAL INDENTURES

          SECTION 901.  SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS.

          Without the consent of any Holders, the Company, when authorized by a
Board Resolution, any affected Guarantor and the Trustee, at any time and from
time to time, may enter into one or more indentures supplemental hereto, in form
satisfactory to the Trustee, for any of the following purposes:

          (1)     to evidence the succession of another Person to the Company
     and the assumption by any such successor of the covenants of the Company
     contained herein and in the Securities; or

          (2)     to add to the covenants of the Company for the benefit of the
     Holders or to surrender any right or power herein conferred upon the
     Company; or

          (3)     to add any additional Events of Default; or

          (4)     to evidence and provide for the acceptance of appointment
     hereunder by a successor Trustee pursuant to the requirements of Section
     609; or

          (5)     to cure any ambiguity or to correct or supplement any
     provision herein which may be defective or inconsistent with any other
     provision herein; or

          (6)     to secure the Securities pursuant to the requirements of
     Section 803 or 1014 or otherwise; or

          (7)     to qualify, or maintain the qualification of, this Indenture
     under the Trust Indenture Act; or

          (8)     to make any other provisions with respect to matters or
     questions arising under this Indenture; provided that such action shall not
     adversely affect the interests of the Holders in any material respect.

          SECTION 902.  SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS.

          With the consent of the Holders of not less than a majority in
principal amount of the Outstanding Securities, (including consents obtained in
connection with a tender offer or exchange offer for Securities) by Act of said
Holders delivered to the Company and the Trustee, the Company, when authorized
by a Board Resolution, and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Indenture or of
modifying in any manner the rights of the Holders under this Indenture;
PROVIDED, HOWEVER, that no such supplemental indenture shall, without the
consent of the Holder of each Outstanding Security affected thereby:

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          (1)     change the Stated Maturity of the principal of, or any
     installment of interest on, any Security, or reduce the principal amount
     thereof or the rate of interest thereon or any premium payable upon the
     redemption thereof, or change the coin or currency in which any Security or
     any premium or the interest thereon is payable, or impair the right to
     institute suit for the enforcement of any such payment after the Stated
     Maturity thereof (or, in the case of redemption, on or after the Redemption
     Date), or

          (2)     reduce the percentage in principal amount of the Outstanding
     Securities, the consent of whose Holders is required for any such
     supplemental indenture, or the consent of whose Holders is required for any
     waiver of compliance with certain provisions of this Indenture or certain
     defaults hereunder and their consequences provided for in this Indenture,
     or

          (3)     release any Guarantor from any of its obligations under its
     Guarantee or this Indenture other than in accordance with the terms of this
     Indenture, or

          (4)     modify any of the provisions of this Section or Sections 513,
     1022 and 1024, except to increase any such percentage or to provide that
     certain other provisions of this Indenture cannot be modified or waived
     without the consent of the Holder of each Outstanding Security affected
     thereby, or

          (5)     affect any of the provisions of this Indenture relating to the
     ranking of the Securities in any material respect, or

          (6)     at any time after a Change of Control has occurred or the
     requirement to make an Excess Proceeds Offer has occurred, amend, change or
     modify the obligation of the Company to make and consummate a Change in
     Control Offer in the event of a Change in Control in accordance with
     Section 1015, or an Excess Proceeds Offer, if one is required under Section
     1016, as the case may be, including amending, changing or modifying any
     definition relating thereto.

          It shall not be necessary for any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall
be sufficient if such Act shall approve the substance thereof .

          SECTION 903.  EXECUTION OF SUPPLEMENTAL INDENTURES.

          In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby of
the trusts created by this Indenture, the Trustee shall be entitled to receive,
and shall be fully protected in relying upon, an Opinion of Counsel stating that
the execution of such supplemental indenture is authorized or permitted by this
Indenture. The Trustee may, but shall not be obligated to, enter into any such
supplemental indenture which affects the Trustee's own rights, duties or
immunities under this Indenture or otherwise.

          SECTION 904.  EFFECT OF SUPPLEMENTAL INDENTURES.

          Upon the execution of any supplemental indenture under this Article,
this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this

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Indenture for all purposes; and every Holder of Securities theretofore or
thereafter authenticated and delivered hereunder shall be bound thereby.

          SECTION 905.  CONFORMITY WITH TRUST INDENTURE ACT.

          Every supplemental indenture executed pursuant to the Article shall
conform to the requirements of the Trust Indenture Act as then in effect.

          SECTION 906.  REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES.

          Securities authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article may, and shall if required by
the Trustee, bear a notation in form and substance approved by the Trustee as to
any matter provided for in such supplemental indenture. If the Company shall so
determine, new Securities so modified as to conform, in the opinion of the
Trustee and the Company, to any such supplemental indenture may be prepared and
executed by the Company and authenticated and delivered by the Trustee in
exchange for Outstanding Securities.

          SECTION 907.  NOTICE OF SUPPLEMENTAL INDENTURES.

          Promptly after the execution by the Company and the Trustee of any
supplemental indenture pursuant to the provisions of Section 902, the Company
shall give notice thereof to the Holders of each Outstanding Security affected,
in the manner provided for in Section 107, setting forth in general terms the
substance of such supplemental indenture.

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                                   ARTICLE TEN

                                    COVENANTS

          SECTION 1001. PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST.

          The Company covenants and agrees for the benefit of the Holders that
it will duly and punctually pay the principal of (and premium, if any, on) and
interest on the Securities in accordance with the terms of the Securities and
this Indenture.

          SECTION 1002. MAINTENANCE OF OFFICE OR AGENCY.

          The Company will maintain in The City of New York, an office or agency
where Securities may be presented or surrendered for payment, where Securities
may be surrendered for registration of transfer or exchange and where notices
and demands to or upon the Company in respect of the Securities and this
Indenture may be served. The Trust Office located at 101 Barclay Street, New
York, New York 10286 of the Trustee shall be such office or agency of the
Company, unless the Company shall designate and maintain some other office or
agency for one or more of such purposes. The Company will give prompt written
notice to the Trustee of any change in the location of any such office or
agency. If at any time the Company shall fail to maintain any such required
office or agency or shall fail to furnish the Trustee with the address thereof,
such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and
demands.

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

          SECTION 1003. MONEY FOR SECURITY PAYMENTS TO BE HELD IN TRUST.

          If the Company shall at any time act as its own Paying Agent, it will,
on or before each due date of the principal of (and premium, if any, on) or
interest on any of the Securities, segregate and hold in trust for the benefit
of the Persons entitled thereto a sum sufficient to pay the principal (and
premium, if any) or interest so becoming due until such sums shall be paid to
such Persons or otherwise disposed of as herein provided and will promptly
notify the Trustee of its action or failure so to act.

          Whenever the Company shall have one or more Paying Agents for the
Securities, it will, on or before each due date of the principal of (and
premium, if any, on), or interest on, any Securities, deposit with a Paying
Agent a sum sufficient to pay the principal (and premium, if any) or interest so
becoming due, such sum to be held in trust for the benefit of the Persons
entitled to such

                                      -61-
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principal, premium or interest, and (unless such Paying Agent is the Trustee)
the Company will promptly notify the Trustee of such action or any failure so to
act.

          The Company will cause each Paying Agent (other than the Trustee) to
execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section, that
such Paying Agent will:

          (1)     hold all sums held by it for the payment of the principal of
     (and premium, if any, on) or interest on Securities in trust for the
     benefit of the Persons entitled thereto until such sums shall be paid to
     such Persons or otherwise disposed of as herein provided;

          (2)     give the Trustee notice of any default by the Company (or any
     other obligor upon the Securities) in the making of any payment of
     principal (and premium, if any) or interest; and

          (3)     at any time during the continuance of any such default, upon
     the written request of the Trustee, forthwith pay to the Trustee all sums
     so held in trust by such Paying Agent.

          The Company may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture or for any other purpose, pay, or
by Company Order direct any Paying Agent to pay, to the Trustee all sums held in
trust by the Company or such Paying Agent, such sums to be held by the Trustee
upon the same trusts as those upon which such sums were held by the Company or
such Paying Agent; and, upon such payment by any Paying Agent to the Trustee,
such Paying Agent shall be released from all further liability with respect to
such sums.

          Any money deposited with the Trustee or any Paying Agent, or then held
by the Company, in trust for the payment of the principal of (and premium, if
any, on) or interest on any Security and remaining unclaimed for two years after
such principal (and premium, if any) or interest has become due and payable
shall be paid to the Company on Company Request, or (if then held by the
Company) shall be discharged from such trust; and the Holder of such Security
shall thereafter, as an unsecured general creditor, look only to the Company for
payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; PROVIDED, HOWEVER, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in a newspaper published in
the English language, customarily published on each Business Day and of general
circulation in the Borough of Manhattan, The City of New York, notice that such
money remains unclaimed and that, after a date specified therein, which shall
not be less than 30 days from the date of such publication, any unclaimed
balance of such money then remaining will be repaid to the Company.

          SECTION 1004. CORPORATE EXISTENCE.

          Subject to Article Eight, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect the corporate
existence, rights (charter and statutory) and franchises of the Company and each
Restricted Subsidiary; PROVIDED, HOWEVER, that the Company shall not be required
to preserve any such right or franchise if the Board of Directors shall
determine

                                      -62-
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that the preservation thereof is no longer desirable in the conduct of the
business of the Company and its Subsidiaries as a whole and that the loss
thereof is not disadvantageous in any material respect to the Holders.

          SECTION 1005. PAYMENT OF TAXES AND OTHER CLAIMS.

          The Company will pay or discharge or cause to be paid or discharged,
before the same shall become delinquent, (a) all taxes, assessments and
governmental charges levied or imposed upon the Company or any Subsidiary or
upon the income, profits or property of the Company or any Restricted Subsidiary
and (b) all lawful claims for labor, materials and supplies, which, if unpaid,
might by law become a lien upon the property of the Company or any Restricted
Subsidiary; PROVIDED, HOWEVER, that the Company shall not be required to pay or
discharge or cause to be paid or discharged any such tax, assessment, charge or
claim whose amount, applicability or validity is being contested in good faith
by appropriate proceedings.

          SECTION 1006. MAINTENANCE OF PROPERTIES.

          The Company will cause all properties owned by the Company or any
Restricted Subsidiary or used or held for use in the conduct of its business or
the business of any Restricted Subsidiary to be maintained and kept in good
condition, repair and working order and supplied with all necessary equipment
and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as in the judgment of the Company may
be necessary so that the business carried on in connection therewith may be
properly and advantageously conducted at all times; PROVIDED, HOWEVER, that
nothing in this Section shall prevent the Company from discontinuing the
maintenance of any of such properties if such discontinuance is, in the judgment
of the Company, desirable in the conduct of its business or the business of any
Restricted Subsidiary and not disadvantageous in any material respect to the
Holders.

          SECTION 1007. INSURANCE.

          The Company will at all times keep all of its and its Restricted
Subsidiaries properties which are of an insurable nature insured with insurers,
believed by the Company to be responsible, against loss or damage to the extent
that property of similar character is usually so insured by corporations
similarly situated and owning like properties.

          SECTION 1008. STATEMENT BY OFFICERS AS TO DEFAULT.

          (a)     The Company will deliver to the Trustee, within (x) 120 days
after the end of each fiscal year, (y) within 45 days after the end of each
fiscal quarter and (z) within 15 days of the date of receipt by the Company of
the request of the Trustee, a brief certificate from the principal executive
officer, principal financial officer or principal accounting officer as to his
or her knowledge of compliance by the Company and the Guarantors with all
conditions and covenants under this Indenture. For purposes of this Section
1008(a), such compliance shall be determined without regard to any period of
grace or requirement of notice under this Indenture.

          (b)     When any Default has occurred and is continuing under this
Indenture, or if the trustee for or the holder of any other evidence of
Indebtedness of the Company or any Subsidiary

                                      -63-
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gives any notice or takes any other action with respect to a claimed default
(other than with respect to Indebtedness in the principal amount of less than
$5,000,000), the Company shall deliver to the Trustee by registered or certified
mail or by telegram, telex or facsimile transmission an Officers' Certificate
specifying such event, notice or other action within 10 days of its occurrence.

          SECTION 1009. PROVISION OF FINANCIAL STATEMENTS.

          The Company will file on a timely basis with the Commission, to the
extent such filings are accepted by the Commission and whether or not the
Company has a class of securities registered under the Exchange Act, the annual
reports, quarterly reports and other documents that the Company would be
required to file if it were subject to Section 13 or 15 of the Exchange Act. The
Company shall also (a) file with the Trustee, and provide to each holder of
Securities, without cost to such holder, copies of such reports and documents
within 15 days after the date on which the Company files such reports and
documents with the Commission or the date on which the Company would be required
to file such reports and documents if the Company were so required and (b) if
filing such reports and documents with the Commission is not accepted by the
Commission or is prohibited under the Exchange Act, the Company shall supply at
its cost copies of such reports and documents to any prospective holder of
Securities promptly upon written request therefor.

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

          SECTION 1010. LIMITATION ON INDEBTEDNESS.

          (a)     The Company will not, and will not permit any Restricted
Subsidiary to, create, incur, issue, assume, guarantee or in any manner become
directly or indirectly liable for the payment of, or otherwise incur
(collectively, to "incur") any Indebtedness (including any Acquired
Indebtedness), other than Permitted Indebtedness, except that the Company and
any Guarantor (or a Restricted Subsidiary which guarantees the Securities at the
time of such incurrence) may incur Indebtedness if (x) the Company's
Consolidated Fixed Charge Coverage Ratio for the four full fiscal quarters
immediately preceding the incurrence of such Indebtedness, taken as one period
on a PRO FORMA basis, would have been at least equal to 2.0 to 1, (y) the
Company's ratio of (i) Senior Debt as of the last day of the most recent fiscal
quarter immediately preceding the incurrence of such Indebtedness to (ii)
Consolidated EBITDA for the four full fiscal quarters immediately preceding the
incurrence of such Indebtedness, taken as one period, in each case under clause
(i) and (ii) on a PRO FORMA basis, would have been no more than 3.25 to 1; and
(z) if such Indebtedness is Subordinated Indebtedness, such Indebtedness shall
have an Average Life longer than the Average Life of the Securities and a final
Stated Maturity of principal later than the final Stated Maturity of principal
of the Securities.

          (b)     The foregoing limitation will not apply to the incurrence of
any of the following (collectively, "Permitted Indebtedness"):

                                      -64-
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          (i)     Indebtedness of the Company or any Guarantor under the Bank
     Credit Agreement in an aggregate principal amount at any one time
     outstanding not to exceed the greater of (i) $50 million and (ii) (x) the
     sum of 80% of the aggregate amount of Eligible Receivables and 50% of the
     aggregate amount of Eligible Inventory, measured as of the end of the most
     recent fiscal quarter preceding the time such Indebtedness is incurred,
     minus (y) $150 million;

          (ii)    Indebtedness of the Company or any Guarantor under the
     Securities issued on the date of this Indenture or any Exchange Securities
     issued in respect thereof;

          (iii)   Indebtedness of the Company or any Restricted Subsidiary
     outstanding on the date of the Indenture (other than Indebtedness incurred
     pursuant to clause (i) of this Section 1010(b));

          (iv)    obligations of the Company or any Restricted Subsidiary
     pursuant to Hedging Protection Obligations which are not incurred for
     speculative purposes;

          (v)     Indebtedness of the Company to any Restricted Subsidiary;

          (vi)    Indebtedness of any Restricted Subsidiary to any other
     Restricted Subsidiary of the Company or to the Company;

          (vii)   Indebtedness (as defined in clauses (e) and (f) of the
     definition of "Indebtedness") to the holders of the Securities incurred
     pursuant to provisions of the Indenture;

          (viii)  Guarantees by the Company or any Restricted Subsidiary of
     Indebtedness of the Company or any Restricted Subsidiary permitted under
     this Section 1010(b) or Section 1017;

          (ix)    Indebtedness of the Company or any Restricted Subsidiary
     consisting of guarantees, indemnities or obligations in respect of purchase
     price adjustments in connection with the acquisition or disposition of
     assets, including, without limitation, shares of Capital Stock of
     Restricted Subsidiaries;

          (x)     Indebtedness of the Company or any Restricted Subsidiary in
     respect of purchase money obligations incurred or assumed in connection
     with the acquisition, construction, improvement or development of real or
     personal property (whether through the direct purchase of assets or Capital
     Stock of any Person owning such assets), in each case incurred within 180
     days before or after the acquisition, construction, development or
     improvement of the related asset, and any renewals, extensions,
     substitutions, refinancings or replacements (which replacement can occur
     after termination of the relevant agreement) thereof, in an aggregate
     principal amount not to exceed $10 million at any time outstanding;

          (xi)    Indebtedness of any Foreign Subsidiary incurred for working
     capital purposes in an aggregate principal amount not in excess of $10
     million at any one time outstanding;

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          (xii)   any renewals, extensions, substitutions, replacements (which
     replacements can occur after termination of the relevant agreement) or
     refinancings (each, for purposes of this clause, a "refinancing") by the
     Company or any Restricted Subsidiary of any Indebtedness of the Company or
     any Restricted Subsidiary incurred pursuant to paragraph (a) of this
     Section 1010 or clauses (ii) and (iii) of this Section 1010(b), including
     any successive refinancings by the Company or any Restricted Subsidiary, so
     long as (A) any such new Indebtedness shall be in a principal amount that
     does not exceed the principal amount (or, if such Indebtedness being
     refinanced provides for an amount less than the principal amount thereof to
     be due and payable upon a declaration of acceleration thereof, such lesser
     amount as of the date of determination) so refinanced plus the amount of
     any premium required to be paid in connection with such refinancing
     pursuant to the terms of the Indebtedness refinanced or the amount of any
     premium reasonably determined by the Company as necessary to accomplish
     such refinancing, plus the amount of expenses of the Company or any
     Restricted Subsidiary incurred in connection with such refinancing, (B) in
     the case of any refinancing of PARI PASSU Indebtedness or Subordinated
     Indebtedness, such new Indebtedness is made PARI PASSU with or subordinate
     to the Securities at least to the same extent as the Indebtedness being
     refinanced, (C) such new Indebtedness has an Average Life longer than the
     Average Life of the Notes and a final Stated Maturity later than the final
     Stated Maturity of the Securities and (D) any Indebtedness of the Company
     or any Guarantor may only be refinanced by the Company or a Guarantor; and

          (xiii)  Indebtedness of the Company or any Restricted Subsidiary in an
     aggregate principal amount not in excess of $30 million at any one time
     outstanding.

          For purposes of determining compliance with this Section 1010, in the
event that an item of Indebtedness meets the criteria of more than one of the
categories of Permitted Indebtedness, or is permitted to be incurred pursuant to
clause (a) of this Section 1010, the Company will be permitted to classify such
item of Indebtedness on the date of its incurrence or later reclassify all or a
portion of such item of Indebtedness, in any manner that complies with this
covenant.

          Accrual of interest, accrual of dividends, the accretion of accreted
value, the payment of interest in the form of additional Indebtedness and the
payment of dividends in the form of additional shares of preferred stock will
not be deemed to be an incurrence of Indebtedness for purposes of this covenant.
The amount of any Indebtedness outstanding as of any date shall be (i) the
accreted value of the Indebtedness on the date of such issuance in the case of
any Indebtedness issued with original issue discount and (ii) the principal
amount or liquidation preference thereof, together with any interest thereon
that is more than 30 days past due, in the case of any other Indebtedness.

          For purposes of determining compliance with any U.S.
dollar-denominated restriction on the incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign
currency shall be calculated based on the relevant currency exchange rate in
effect on the date such Indebtedness was incurred, in the case of term
Indebtedness, or first committed, in the case of revolving credit Indebtedness;
provided that if such Indebtedness is incurred to refinance other Indebtedness
denominated in a foreign currency, and such refinancing would cause the
applicable U.S. dollar-dominated restriction to be exceeded if calculated at the
relevant currency exchange rate in effect on the date of such refinancing, such
U.S. dollar-dominated restriction shall be deemed not to have been exceeded so
long as the principal amount of such

                                      -66-
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Refinancing Indebtedness does not exceed the principal amount of such
Indebtedness being refinanced. The principal amount of any Indebtedness
refinancing other Indebtedness, if incurred in a different currency from the
Indebtedness, shall be calculated based on the currency exchange rate applicable
to the currencies in which refinancing Indebtedness is denominated that is in
effect on the date of such refinancing. Notwithstanding any other provision of
this covenant, the maximum amount of Indebtedness that the Company may incur
pursuant to this covenant shall not be deemed to be exceeded solely as a result
of fluctuations in the exchange rate of currencies.

          For purposes of the Securities, except as otherwise provided, on a PRO
FORMA basis means giving effect to: (i) the incurrence of such Indebtedness and
(if applicable) the application of the net proceeds therefrom, including to
refinance other Indebtedness, as if such Indebtedness was incurred and the
application of such proceeds occurred at the beginning of such four-quarter
period, or as of the last day of the most recent fiscal quarter, as the case may
be; (ii) the incurrence, repayment or retirement of any other Indebtedness by
the Company or its Restricted Subsidiaries since the first day of such
four-quarter period, or since the last day of the most recent fiscal quarter, as
the case may be, as if such Indebtedness was incurred, repaid or retired at the
beginning of such four-quarter period, or as of the last day of the most recent
fiscal quarter, as the case may be; and (iii) notwithstanding clause (d) of the
definition of "Consolidated Adjusted Net Income", the acquisition (whether by
purchase, merger or otherwise) or disposition (whether by sale, merger or
otherwise) of any company, entity or business acquired or disposed of by the
Company or its Restricted Subsidiaries, as the case may be, since the first day
of such four-quarter period, as if such acquisition or disposition occurred at
the beginning of such four-quarter period, reflecting in the case of such an
acquisition, any amount attributable to operating expense that will be
eliminated or cost reduction that will be realized (in each case, net of any
operating expense or other cost increase) in connection with such acquisition,
as determined in good faith by the chief financial officer of the Company in
accordance with GAAP and the rules, regulations and guidelines of the
Commission, as if such elimination of operating expense or the realization of
such cost reduction were achieved at the beginning of such four-quarter-period).

          SECTION 1011. LIMITATION ON RESTRICTED PAYMENTS.

          (a)     The Company will not, and will not permit any Restricted
Subsidiary to, directly or indirectly, take the following actions:

          (i)     declare or pay any dividend on, or make any distribution to
     holders of, any shares of the Company's Capital Stock (other than dividends
     or distributions payable in shares of its Capital Stock or in options,
     warrants or other rights to purchase such Capital Stock, but excluding
     dividends or distributions payable in Redeemable Capital Stock or in
     options, warrants or other rights to purchase Redeemable Capital Stock),

          (ii)    purchase, redeem or otherwise acquire or retire for value any
     Capital Stock of the Company or any options, warrants or other rights to
     acquire such Capital Stock,

          (iii)   make any principal payment on or repurchase, redeem, defease
     or otherwise acquire or retire for value, prior to a scheduled principal
     payment, scheduled sinking fund payment or maturity, any Subordinated
     Indebtedness (other than repurchases, redemptions, defeasances, or other
     acquisitions or retirement of any Subordinated Indebtedness purchased

                                      -67-
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     in anticipation of satisfying a scheduled principal payment, maturity,
     sinking fund or amortization or other installment obligation or mandatory
     redemption, in each case due within one year of the date of acquisition or
     retirement), or

          (iv)    make any Investment (other than any Permitted Investment) in
     any Person,

(such payments or other actions described in (but not excluded from) clauses (i)
through (iv) are collectively referred to as "Restricted Payments"), unless at
the time of and after giving effect to the proposed Restricted Payment (the
amount of any such Restricted Payment, if other than cash, as determined by the
Board of Directors of the Company, whose determination shall be conclusive and
evidenced by a Board Resolution), (1) no Default or Event of Default shall have
occurred and be continuing, (2) the Company could incur $1.00 of additional
Indebtedness (other than Permitted Indebtedness) pursuant to Section 1010, and
(3) the aggregate amount of all Restricted Payments declared or made after the
date of this Indenture shall not exceed the sum of (A) 50% of the aggregate
cumulative Consolidated Adjusted Net Income of the Company accrued on a
cumulative basis during the period beginning on the first day after the date of
this Indenture and ending on the last day of the Company's last fiscal quarter
ending prior to the date of such proposed Restricted Payment (or, if such
aggregate cumulative Consolidated Adjusted Net Income shall be a loss, minus
100% of such loss), PLUS (B) the aggregate net proceeds, including the Fair
Market Value of property other than cash (as determined by the Company's Board
of Directors, whose determination shall be conclusive), received after the date
of this Indenture by the Company from the issuance or sale (other than to any
Restricted Subsidiary) of shares of Capital Stock of the Company (other than
Redeemable Capital Stock) or warrants, options or rights to purchase such shares
of Capital Stock of the Company, PLUS (C) the aggregate net cash proceeds
received after the date of this Indenture by the Company from the issuance or
sale (other than to any Restricted Subsidiary) of debt securities that have been
converted into or exchanged for Capital Stock of the Company (other than
Redeemable Capital Stock) to this extent such debt securities were originally
sold for cash, together with the aggregate cash received by the Company at the
time of such conversion or exchange, PLUS (D) to the extent not otherwise
included in the Company's Consolidated Adjusted Net Income, the net reduction in
Investments constituting a Restricted Payment resulting from the payments of
interest on Indebtedness, dividends, repayments of loans or advances, or other
transfers of assets, in each case to the Company or a Restricted Subsidiary or
from the sale of such Investment after the date of this Indenture or from the
redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary (valued
in each case as provided in the definition of "Investment"), not to exceed the
total amount of Investments (other than Permitted Investments), after the date
of this Indenture in such Unrestricted Subsidiary or such Investment by the
Company and its Restricted Subsidiaries.

          (b)     Notwithstanding paragraph (a) above, the Company and its
Restricted Subsidiaries may take the following actions so long as (with respect
to clauses (iv), (v), (vii) and (ix) below) no Default or Event of Default shall
have occurred and be continuing:

          (i)     the payment of any dividend within 60 days after the date of
     declaration thereof, if at such declaration date such declaration complied
     with the provisions of paragraph (a) above;

          (ii)    the purchase, redemption or other acquisition or retirement
     for value of any shares of Capital Stock of the Company, in exchange for,
     or out of the net cash proceeds of, a

                                      -68-
<Page>

     substantially concurrent issuance and sale (other than to a Restricted
     Subsidiary) of shares of Capital Stock (other than Redeemable Capital
     Stock) of the Company;

          (iii)   the purchase, redemption, defeasance or other acquisition or
     retirement for value of any Subordinated Indebtedness (other than
     Redeemable Capital Stock) in exchange for or out of the net cash proceeds
     of a substantially concurrent issuance and sale (other than to a Restricted
     Subsidiary) of shares of Capital Stock (other than Redeemable Capital
     Stock) of the Company;

          (iv)    the repurchase of any Subordinated Indebtedness of the Company
     at a purchase price not greater than 100% of the principal amount of such
     Subordinated Indebtedness in the event of an Asset Sale pursuant to a
     provision similar to Section 1016; provided that prior to such repurchase
     the Company has made the Excess Proceeds Offer as provided in such covenant
     with respect to the Securities and has repurchased all Securities validly
     tendered for payment in connection with such Excess Proceeds Offer;

          (v)     the repurchase of any Subordinated Indebtedness of the Company
     at a purchase price not greater than 101% of the principal amount of such
     Subordinated Indebtedness in the event of a Change of Control pursuant to a
     provision similar to Section 1015; PROVIDED that prior to such repurchase
     the Company has made the Change of Control Offer as provided in such
     covenant with respect to the Securities and has repurchased all Securities
     validly tendered for payment in connection with such Change of Control
     Offer;

          (vi)    the purchase, redemption or other acquisition or retirement
     for value of Subordinated Indebtedness (other than Redeemable Capital
     Stock) in exchange for, or out of the net cash proceeds of a substantially
     concurrent incurrence (other than to a Restricted Subsidiary) of,
     Indebtedness of the Company so long as (A) the principal amount of such new
     Indebtedness does not exceed the principal amount (or, if such Indebtedness
     being refinanced provides for an amount less than the principal amount
     thereof to be due and payable upon a declaration of acceleration thereof,
     such lesser amount as of the date of determination) of the Indebtedness
     being so purchased, redeemed, acquired or retired, PLUS the amount of any
     premium required to be paid in connection with such refinancing pursuant to
     the terms of the Subordinated Indebtedness refinanced or the amount of any
     premium reasonably determined by the Company, as necessary to accomplish
     such refinancing, PLUS the amount of expenses of the Company incurred in
     connection with such refinancing, (B) such new Indebtedness is subordinated
     to the Securities at least to the same extent as the Subordinated
     Indebtedness being refinanced and (C) such new Indebtedness has an Average
     Life longer than the Average Life of the Securities and a final Stated
     Maturity of principal later than the final Stated Maturity of principal of
     the Securities;

          (vii)   the purchase, redemption or other acquisition or retirement
     for value of shares of Common Stock of the Company issued pursuant to
     non-qualified options granted under stock option plans of the Company, in
     order to pay withholding taxes due as a result of income recognized upon
     the exercise of such options; PROVIDED that (1) the Company is required, by
     the terms of such plans, to effect such purchase, redemption or other
     acquisition or retirement for value of such shares and (2) the aggregate
     consideration paid by the

                                      -69-
<Page>

     Company for such shares so purchased, redeemed or otherwise acquired or
     retired for value does not exceed $2,000,000 during any fiscal year of the
     Company.

          (viii)  the repurchase of Capital Stock deemed to occur upon the
     exercise of stock options to the extent such Capital Stock represents a
     portion of the exercise price of those stock options;

          (ix)    the purchase, redemption or other acquisition or retirement
     for value of existing 8% Notes and 9 1/2% Notes which mature prior to final
     Stated Maturity of the principal of the Securities in an aggregate amount
     used to make such purchase, redemption, acquisition or retirement not to
     exceed $50 million during the term of the Securities; and

          (x)     Restricted Payments in an aggregate amount not to exceed $10
     million during the term of the Securities.

The actions described in clauses (i), (ii), (iii), (iv), (v) and (vii) of this
paragraph (b) shall be Restricted Payments that shall be permitted to be taken
in accordance with this paragraph (b) but shall reduce the amount that would
otherwise be available for Restricted Payments under clause (3) of paragraph (a)
(PROVIDED that any dividend paid pursuant to clause (i) of this paragraph (b)
shall reduce the amount that would otherwise be available under clause (3) of
paragraph (a) when declared, but not also when subsequently paid pursuant to
such clause (i)) and the actions described in clauses (vi), (viii), (ix) and (x)
of this paragraph (b) shall be Restricted Payments that shall be permitted to be
taken in accordance with this paragraph (b) and shall not reduce the amount that
would otherwise be available for Restricted Payments under clause (3) of
paragraph (a).

          (c)     In computing Consolidated Adjusted Net Income of the Company
under clause (3)(A) of paragraph (a) above, (1) the Company shall use audited
financial statements for the portions of the relevant period for which audited
financial statements are available on the date of determination and unaudited
financial statements and other current financial data based on the books and
records of the Company for the remaining portion of such period and (2) the
Company shall be permitted to rely in good faith on the financial statements and
other financial data derived from the books and records of the Company that are
available on the date of determination. If the Company makes a Restricted
Payment which, at the time of the making of such Restricted Payment would in the
good faith determination of the Company be permitted under the requirements of
this Indenture, such Restricted Payment shall be deemed to have been made in
compliance with this Indenture notwithstanding any subsequent adjustments made
in good faith to the Company's financial statements affecting Consolidated
Adjusted Net Income of the Company for any period.

          SECTION 1012. INTENTIONALLY OMITTED.

          SECTION 1013. LIMITATION ON TRANSACTIONS WITH AFFILIATES.

          The Company will not, and will not permit any Restricted Subsidiary
to, directly or indirectly, enter into any transaction with, or for the benefit
of, any Affiliate of the Company or any beneficial owner of 5% or more of any
class of the Company's Capital Stock at any time outstanding ("Interested
Persons"), unless: (i) such transaction is among the Company and Restricted
Subsidiaries or among Restricted Subsidiaries; or (ii) (A) such transaction is
on terms that are no less favorable to

                                      -70-
<Page>

the Company, or such Restricted Subsidiary, as the case may be, than those which
could have been obtained in an arm's length transaction with third parties who
are not Interested Persons, (B) with respect to any transaction or series of
related transactions involving aggregate consideration equal to or greater than
$2 million, the Company has delivered an Officers' Certificate to the Trustee
certifying that such transaction or series of related transactions comply with
clause (ii)(A) above, (C) with respect to any transaction or series of related
transactions involving aggregate consideration equal to or greater than $5
million, such transaction or series of related transactions has been approved by
the Board of Directors (including a majority of the Disinterested Directors) and
(D) with respect to any transaction or series of related transactions involving
aggregate consideration equal to or greater than $15 million, a written opinion
as to the fairness has been delivered to the Company of such Restricted
Subsidiary of such transactions or series of related transaction from a
financial point of view issued by an accounting, appraisal or investment banking
firm, in each case of national standing; PROVIDED, HOWEVER, that this covenant
will not prohibit (i) the Company from paying reasonable and customary regular
compensation and fees to directors of the Company or any Restricted Subsidiary
who are not employees of the Company or any Restricted Subsidiary (ii)
Restricted Payments and Restricted Investments that are permitted by the
provisions of Section 1011 of this Indenture and (iii) arrangements with respect
to the employment agreements and compensation and other benefits, including
options and other equity arrangements, and similar arrangements and related
agreements with management of the Company or any Restricted Subsidiary so long
as any such arrangement or agreement complies with clause (ii) (A), (B) and (C)
above.

          SECTION 1014. LIMITATION ON LIENS.

          The Company will not, and will not permit any Restricted Subsidiary
to, directly or indirectly, create, incur, assume or permit to exist any Lien on
any of its property or assets (including Capital Stock) or any proceeds
therefrom, whether owned on the Closing Date or thereafter acquired, securing
any obligation, other than Permitted Liens, unless contemporaneously therewith
effective provision is made to secure the Securities equally and ratably with
(or on a senior basis to, in the case of Subordinated Indebtedness) such
obligation for so long as such obligation is so secured.

          SECTION 1015. CHANGE OF CONTROL.

          (a)     Upon the occurrence of a Change of Control, the Company shall
be obligated to make an offer to purchase all of the then outstanding Securities
(a "Change of Control Offer"), and shall purchase, on a business day (the
"Change of Control Purchase Date") (i) no earlier than the later of (A) 30 days
from the date of the notice of the Change of Control Offer and (B) no later than
70 days following the Change of Control, all of the then outstanding Securities
validly tendered pursuant to such Change of Control Offer, at a purchase price
(the "Change of Control Purchase Price") equal to 101% of the principal amount
thereof plus accrued and unpaid interest, if any, to the Change of Control
Purchase Date. The Company may send the notice of the Change of Control prior to
the consummation of the Change of Control, subject to consummation of the
transaction and the Change of Control Offer may be conditioned on the
consummation of the Change of Control. The Change of Control Offer is required
to remain open for at least 20 Business Days and until the close of business on
the Change of Control Purchase Date.

          (b)     In order to effect such Change of Control Offer, the Company
shall, not later than the 30th day after the Change of Control, notify the
Trustee thereof and mail to each Holder and

                                      -71-
<Page>

the Banks notice of the Change of Control Offer in the manner provided in
Section 107, which notice shall govern the terms of the Change of Control Offer
and shall state:

          (1)     that a Change of Control has occurred and that such Holder has
     the right to require the Company to repurchase such Holder's Securities at
     the Change of Control Purchase Price.

          (2)     the circumstances and relevant facts regarding such Change of
     Control (including but not limited to information with respect to pro forma
     historical income, cash flow and capitalization after giving effect to such
     Change of Control);

          (3)     the Change of Control Purchase Date (which shall not be prior
     to the consummation of the Change of Control); and

          (4)     the instructions a Holder must follow in order to have its
     Securities repurchased in accordance with paragraph (c) of this Section.

          (c)     Holders electing to have Securities purchased will be required
to surrender such Securities to the Company at the address specified in the
notice at least five Business Days prior to the Change of Control Purchase Date.
Holders will be entitled to withdraw their election if the Company receives, not
later than three Business Days prior to the Change of Control Purchase Date, a
telegram, telex, facsimile transmission or letter setting forth the name of the
Holder, the principal amount of the Securities delivered for purchase by the
Holder as to which his election is to be withdrawn and a statement that such
Holder is withdrawing his election to have such Securities purchased. Holders
whose Securities are purchased only in part will be issued new Securities equal
in principal amount of the unpurchased portion of the Securities surrendered.

          (d)     The Company will not be required to make a Change of Control
Offer if a third party makes a Change of Control Offer in compliance with this
Section 1015 and purchases all Securities validly tendered and not withdrawn.

          (e)     The Company will comply with Rule 14e-1 under the Exchange Act
and any other securities laws and regulations thereunder to the extent such laws
and regulations are applicable, in the event that a Change of Control occurs and
the Company is required to purchase Securities as described above.

          SECTION 1016. LIMITATION ON DISPOSITION OF PROCEEDS OF ASSET SALES.

          (a)     The Company will not, and will not permit any Restricted
Subsidiary to, engage in any Asset Sale unless: (i) such Asset Sale is for not
less than the Fair Market Value of the assets sold (as determined by the Board
of Directors of the Company, whose determination shall be conclusive and
evidenced by a Board Resolution) and (ii) the consideration received by the
Company or the relevant Restricted Subsidiary in respect of such Asset Sale
consists of at least 75% cash or Cash Equivalents; PROVIDED that the Company and
its Restricted Subsidiaries may engage in Asset Sales for consideration not in
the form of cash or Cash Equivalents in amounts in excess of that permitted in
this clause (ii), so long as such excess consideration is in (A) (x) the form of
Fully Traded Common Stock, (y) the aggregate Fair Market Value of such Fully
Traded Common Stock

                                      -72-
<Page>

received by the Company and its Restricted Subsidiaries (measured as of the date
of receipt) from all Asset Sales in reliance on this proviso since the date of
this Indenture that has not been converted into cash or Cash Equivalents does
not exceed $10,000,000 and (z) any Fully Traded Common Stock that is converted
into cash or Cash Equivalents shall be applied as provided in paragraphs (b) and
(c) of this Section 1016 or (B) the form of the assumption by the purchaser of
liabilities of the Company or any Restricted Subsidiary (other than liabilities
that are Subordinated Indebtedness), as a result of which the Company and its
Restricted Subsidiaries are no longer obligated with respect to such
liabilities.

          (b)     If the Company or any Restricted Subsidiary engages in an
Asset Sale, the Company may use the Net Cash Proceeds thereof, within 12 months
after such Asset Sale, to (i) repay or prepay any then outstanding Senior
Indebtedness of the Company or (ii) invest (or enter into a legally binding
agreement to invest) in properties and assets to replace the properties and
assets that were the subject of the Asset Sale or in properties and assets that
will be used in the businesses of the Company or its Restricted Subsidiaries, as
the case may be, existing on the Closing Date or in businesses reasonably
related thereto. If any such legally binding agreement to invest such Net Cash
Proceeds is terminated, then the Company may, within 90 days of such termination
or within 12 months of such Asset Sale, whichever is later, invest such Net Cash
Proceeds as provided in clause (i) or (ii) (without regard to the parenthetical
contained in such clause (ii)) above. The amount of such Net Cash Proceeds not
so used as set forth above in this paragraph (b) constitutes "Excess Proceeds."

          (c)     When the aggregate amount of Excess Proceeds exceeds
$10,000,000, the Company shall, within 15 Business Days, make an offer to
purchase (an "Excess Proceeds Offer") from all holders of Securities and from
the holders of any Pari Passu Indebtedness, to the extent required by the terms
thereof, on a PRO RATA basis, in accordance with the procedures set forth below,
the maximum principal amount (expressed as a multiple of $1,000) of Securities
and any Pari Passu Indebtedness, if any, that may be purchased with the Excess
Proceeds. The offer price as to each Security and any Pari Passu Indebtedness,
if any, shall be payable in cash in an amount equal to 100% of the principal
amount of such Security and any Pari Passu Indebtedness, if any, plus accrued
and unpaid interest, if any, to the date such Excess Proceeds Offer is
consummated. To the extent that the aggregate principal amount of Securities and
any Pari Passu Indebtedness, if any, tendered pursuant to an Excess Proceeds
Offer is less than the Excess Proceeds, the Company may use such deficiency for
general corporate purposes. If the aggregate principal amount of Securities and
any Pari Passu Indebtedness, if any, validly tendered and not withdrawn by
holders thereof exceeds the Excess Proceeds, Securities and any Pari Passu
Indebtedness, if any, to be purchased will be selected on a PRO RATA basis on
the basis of the aggregate principal amount of tendered Securities and any Pari
Passu Indebtedness. Upon completion of such offer to purchase, the amount of
Excess Proceeds shall be reset to zero.

          SECTION 1017. LIMITATION ON GUARANTEES OF INDEBTEDNESS BY RESTRICTED
SUBSIDIARIES.

          (a)     The Company will not permit any Restricted Subsidiary to
guarantee the payment of any Indebtedness of the Company or any Indebtedness of
any Guarantor unless (i) such Restricted Subsidiary simultaneously executes and
delivers a supplemental indenture to this Indenture, in a form reasonably
acceptable to the Trustee, providing for a full and unconditional Guarantee of
payment of the Securities by such Restricted Subsidiary on a senior basis except
that if

                                      -73-
<Page>

such Indebtedness is by its express terms subordinated in right of payment to
the Securities, any such guarantee of such Restricted Subsidiary with respect to
such Indebtedness shall be subordinated in right of payment to such Restricted
Subsidiary's Guarantee with respect to the Securities substantially to the same
extent as such Indebtedness is subordinated to the Securities; and (ii) such
Restricted Subsidiary shall deliver to the Trustee an Opinion of Counsel to the
effect that (A) such Guarantee of the Securities has been duly executed and
authorized and (B) such Guarantee of the Securities constitutes a valid, binding
and enforceable obligation of such Restricted Subsidiary, except insofar as
enforcement thereof may be limited by bankruptcy, insolvency or similar laws
(including, without limitation, all laws relating to fraudulent transfers) and
except insofar as enforcement thereof is subject to general principles of
equity; PROVIDED that this paragraph (a) shall not be applicable to any
Guarantee of any Restricted Subsidiary that (x) existed at the time such Person
became a Restricted Subsidiary of the Company and (y) was not incurred in
connection with, or in contemplation of, such Person becoming a Restricted
Subsidiary of the Company.

          (b)     Notwithstanding the foregoing and the other provisions of this
Indenture, any Guarantee by a Restricted Subsidiary of the Securities shall
provide by its terms that it shall be automatically and unconditionally released
and discharged upon (i) any sale, exchange or transfer, to any Person not an
Affiliate of the Company, of all of the Company's Capital Stock in, or all or
substantially all the assets of, such Restricted Subsidiary or the designation
of such Restricted Subsidiary as an Unrestricted Subsidiary (in any such case,
which transaction is not prohibited by this Indenture) or (ii) the release or
discharge of the Guarantee which resulted in the creation of such Guarantee,
except a discharge or release by or as a result of payment under such guarantee.

          SECTION 1018. LIMITATION ON DIVIDENDS AND OTHER PAYMENT RESTRICTIONS
AFFECTING RESTRICTED SUBSIDIARIES.

          The Company will not, and will not permit any Restricted Subsidiary
to, directly or indirectly, create or otherwise cause or suffer to exist or
become effective any encumbrance or restriction on the ability of any Restricted
Subsidiary of the Company to (a) pay dividends, in cash or otherwise, or make
any other distributions on or in respect of its Capital Stock or any other
interest or participation in, or measured by, its profits, (b) pay any
Indebtedness owed to the Company or any other Restricted Subsidiary of the
Company, (c) make loans or advances to the Company or any other Restricted
Subsidiary of the Company or (d) transfer any of its properties or assets to the
Company or any other Restricted Subsidiary of the Company, except for such
encumbrances or restrictions existing under or by reason of (i) applicable law,
(ii) customary non-assignment provisions of any lease governing a leasehold
interest of the Company or any Restricted Subsidiary of the Company, (iii) any
agreement or other instrument applicable to a Person or the property or assets
of such Person acquired by the Company or any Restricted Subsidiary of the
Company in existence at the time of such acquisition (but not created in
contemplation thereof), which encumbrance or restriction is not applicable to
any Person, or the properties or assets of any Person, other than the Person, or
the property or assets of the Person, so acquired, (iv) any agreement in
existence on the Closing Date (to the extent of any encumbrances or restrictions
in existence thereunder on the Closing Date), (v) Liens on any property or
assets of the Company or any Restricted Subsidiary which Liens are not otherwise
prohibited by any provision of this Indenture and which restrictions only cover
the property or assets subject to the Liens, (vi) any agreement for the sale or
other disposition of all or substantially all of the Capital Stock of, or any
property and assets of, a Restricted Subsidiary pending closing of such

                                      -74-
<Page>

sale or disposition or any agreement for the sale or other disposition of any
property or assets that restricts the sale or other disposition of such property
or assets pending such sale or other disposition, (vii) any refinancing
indebtedness permitted under this Indenture, provided that the restrictions
contained in the agreements governing such refinancing indebtedness are not
materially more restrictive, taken as a whole, that those contained in the
agreements governing the Indebtedness being refinanced, (viii) provisions
contained in any Indebtedness incurred by a Foreign Subsidiary in compliance
with the provisions of Section 1010, and (ix) provisions contained in joint
venture agreements, provided that such encumbrances or restrictions at any one
time outstanding do not relate to entities or assets constituting more than 5%
of the Company's Consolidated Total Assets.

          SECTION 1019. INTENTIONALLY OMITTED.

          SECTION 1020. LIMITATION ON SALE/LEASEBACK TRANSACTIONS.

          The Company will not, and will not permit any Restricted Subsidiary
to, enter into any Sale/Leaseback Transaction with respect to any property
unless (i) the Company or such Restricted Subsidiary would be entitled to (A)
incur Indebtedness in an amount equal to the Attributable Indebtedness with
respect to such Sale/Leaseback Transaction pursuant to Section 1010 and (B)
create a Lien, if any, on such property securing such Attributable Indebtedness
without equally and ratably securing the Securities pursuant to Section 1014,
(ii) the Net Cash Proceeds received by the Company or any Restricted Subsidiary
in connection with such Sale/Leaseback Transaction are at least equal to the
fair value (as determined in good faith and certified in an Officers'
Certificate to the Trustee) of such property and (iii) the transfer of such
property is permitted by, and the Company or such Restricted Subsidiary applies
the proceeds of such transaction in compliance with Section 1016.

          SECTION 1021. ISSUANCES OF GUARANTEES BY WHOLLY-OWNED DOMESTIC
SUBSIDIARIES.

          (a)     The Company will provide to the Trustee, in each case within
15 days after (x) the date (the "Guarantee Trigger Date") that the total
consolidated revenues of the Company's wholly-owned Domestic Subsidiaries exceed
7.5% of the Company's total consolidated revenues, in each case, on a PRO FORMA
basis for the most recent four full fiscal quarter period for which financial
statements are available, and (y) if a Guarantee Trigger Date has occurred
(unless the related Guarantee Release Date has occurred), the date that any
Person becomes a wholly-owned Domestic Subsidiary, (i) a supplemental indenture
to this Indenture, in a form reasonably acceptable to the Trustee, executed by
all such wholly-owned Domestic Subsidiaries in the case of (a) (x) or any new
wholly-owned Domestic Subsidiary in the case of clause (a) (y), providing for a
full and unconditional guarantee on a senior basis by such wholly-owned Domestic
Subsidiary or Domestic Subsidiaries of the Company's obligations under the
Securities and this Indenture to; and (ii) an Opinion of Counsel to the effect
that such Guarantee of the Securities has been duly executed and authorized and
such Guarantee of the Notes constitutes a valid, binding and enforceable
obligation of such Restricted Subsidiary, except insofar as enforcement thereof
may be limited by bankruptcy, insolvency or similar laws (including, without
limitation, all laws relating to fraudulent transfers) and except insofar as
enforcement thereof is subject to general principles of equity.

          (b)     Notwithstanding the foregoing and the other provisions of this
Indenture, any Guarantee by a Restricted Subsidiary of the Securities shall
provide by its terms that it shall be automatically and unconditionally released
and discharged (i) upon any sale, exchange or transfer, to

                                      -75-
<Page>

any Person not an Affiliate of the Company, of all of the Company's Capital
Stock in, or all or substantially all the assets of, such Restricted Subsidiary,
or the designation of such Restricted Subsidiary as an Unrestricted Subsidiary
(in any such case which transaction is not prohibited by this Indenture) or (ii)
on the date (the "Guarantee Release Date") that the total consolidated revenues
of the Company's wholly-owned Domestic Subsidiaries are less than 7.5% of the
Company's total consolidated revenues, in each case, on a pro forma basis for
the most recent four full fiscal quarters for which financial statements are
available.

          (c)     For purposes of this Section 1021, on a PRO FORMA basis means
giving effect to (i) the acquisition (whether by purchase, merger or otherwise)
or disposition (whether by sale, merger or otherwise) of any company, entity or
business acquired or disposed of by the Company or its Restricted Subsidiaries,
(ii) the transfer of assets by the Company to any Domestic Subsidiary or by any
Domestic Subsidiary to the Company outside the ordinary course of business,
(iii) the merger or combination of any Domestic Subsidiary with and into the
Company, and (iv) the creation of any Domestic Subsidiary, in each case as if
such event occurred at the beginning of such four quarter period.

          SECTION 1022. PAYMENTS FOR CONSENT.

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

          SECTION 1023. LIMITATION ON CREDIT SUPPORT FOR UNRESTRICTED
SUBSIDIARIES.

          The Company shall not, and shall not cause or permit any Restricted
Subsidiary to, at any time (x) provide credit support for, or subject any of its
property or assets, other than the Capital Stock of any Unrestricted Subsidiary,
to the satisfaction of, any Indebtedness of any Unrestricted Subsidiary,
including any undertaking, agreement or instrument evidencing such Indebtedness,
(other than Permitted Investments in Unrestricted Subsidiaries) or (y) be
directly or indirectly liable for any Indebtedness of any Unrestricted
Subsidiary.

          SECTION 1024. WAIVER OF CERTAIN COVENANTS.

          The Company may omit in any particular instance to comply with any
term, provision or condition set forth in Section 803, Sections 1007 through
1021, inclusive, or Section 1023, if before or after the time for such
compliance the Holders of at least a majority in principal amount of the
Outstanding Securities, by Act of such Holders, waive such compliance in such
instance with such term, provision or condition, but no such waiver shall extend
to or affect such term, provision or condition except to the extent so expressly
waived, and, until such waiver shall become effective, the obligations of the
Company and the duties of the Trustee in respect of any such term, provision or
condition shall remain in full force and effect; PROVIDED, HOWEVER, that the
Holders of each Outstanding Security affected thereby is required to waive the
obligation of the Company to make

                                      -76-
<Page>

and consummate a Change in Control Offer in the event of a Change of Control or
make and consummate an Offer with respect to any Asset Sale.

                                      -77-
<Page>

                                 ARTICLE ELEVEN

                            REDEMPTION OF SECURITIES

          SECTION 1101. RIGHT OF REDEMPTION.

          The Securities may be redeemed at the election of the Company, as a
whole or from time to time in part, at any time after October 1, 2007, subject
to the conditions and at the Redemption Prices specified in the form of
Security, together with accrued interest to the Redemption Date.

          In addition, at any time or from time to time, on or prior to October
1, 2006, the Company may, at its option, redeem up to 35% of the aggregate
principal amount of the Securities issued under this Indenture (including any
Additional Securities) at a Redemption Price equal to 108.5% of the aggregate
principal amount thereof, plus accrued and unpaid interest thereon, if any, to
the Redemption Date, with the net cash proceeds of one or more Equity Offerings;
PROVIDED that at least 65% of the aggregate principal amount of Securities
issued under this Indenture (including any Additional Securities) remains
outstanding immediately after the occurrence of such redemption (excluding
Securities held by the Company and its Subsidiaries); PROVIDED FURTHER such
redemption occurs within 60 days of the date of closing of each such Equity
Offering.

          SECTION 1102. APPLICABILITY OF ARTICLE.

          Redemption of Securities at the election of the Company or otherwise,
as permitted or required by any provision of this Indenture, shall be made in
accordance with such provision and this Article.

          SECTION 1103. ELECTION TO REDEEM; NOTICE TO TRUSTEE.

          The election of the Company to redeem any Securities pursuant to
Section 1101 shall be evidenced by a Board Resolution. In case of any redemption
at the election of the Company, the Company shall, at least 60 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee of such Redemption Date and of
the principal amount of Securities to be redeemed and shall deliver to the
Trustee such documentation and records as shall enable the Trustee to select the
Securities to be redeemed pursuant to Section 1104.

          SECTION 1104. SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED.

          If less than all the Securities are to be redeemed, the particular
Securities to be redeemed shall be selected not more than 30 days prior to the
Redemption Date by the Trustee, from the Outstanding Securities not previously
called for redemption, by such method as the Trustee shall deem fair and
appropriate and which may provide for the selection for redemption of portions
of the principal of Securities; PROVIDED, HOWEVER, that no such partial
redemption shall reduce the portion of the principal amount of a Security not
redeemed to less than $1,000.

                                      -78-
<Page>

          The Trustee shall promptly notify the Company in writing of the
Securities selected for redemption and, in the case of any Securities selected
for partial redemption, the principal amount thereof to be redeemed.

          For all purposes of this Indenture, unless the context otherwise
requires, all provisions relating to redemption of Securities shall relate, in
the case of any Security redeemed or to be redeemed only in part, to the portion
of the principal amount of such Security which has been or is to be redeemed.

          SECTION 1105. NOTICE OF REDEMPTION.

          Notice of redemption shall be given in the manner provided for in
Section 107 not less than 30 nor more than 60 days prior to the Redemption Date,
to each Holder of Securities to be redeemed.

          All notices of redemption shall state:

          (1)     the Redemption Date,

          (2)     the Redemption Price,

          (3)     if less than all Outstanding Securities are to be redeemed,
     the identification (and, in the case of a partial redemption, the principal
     amounts) of the particular Securities to be redeemed,

          (4)     that on the Redemption Date the Redemption Price (together
     with accrued interest, if any, to the Redemption Date payable as provided
     in Section 1107) will become due and payable upon each such Security, or
     the portion thereof, to be redeemed, and that interest thereon will cease
     to accrue on and after said date,

          (5)     the place or places where such Securities are to be
     surrendered for payment of the Redemption Price, and

          (6)     the CUSIP number.

          Notice of redemption of Securities to be redeemed at the election of
the Company shall be given by the Company or, at the Company's request, by the
Trustee in the name and at the expense of the Company.

          SECTION 1106. DEPOSIT OF REDEMPTION PRICE.

          Prior to any Redemption Date, the Company shall deposit with the
Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, segregate and hold in trust as provided in Section 1003) an amount of
money sufficient to pay the Redemption Price of, and accrued interest on, all
the Securities which are to be redeemed on that date.

                                      -79-
<Page>

          SECTION 1107. SECURITIES PAYABLE ON REDEMPTION DATE.

          Notice of redemption having been given as aforesaid, the Securities so
to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified (together with accrued interest, if any, to
the Redemption Date), and from and after such date (unless the Company shall
default in the payment of the Redemption Price and accrued interest) such
Securities shall cease to bear interest. Upon surrender of any such Security for
redemption in accordance with said notice, such Security shall be paid by the
Company at the Redemption Price, together with accrued interest, if any, to the
Redemption Date; PROVIDED, HOWEVER, that installments of interest whose Stated
Maturity is on or prior to the Redemption Date shall be payable to the Holders
of such Securities, or one or more Predecessor Securities, registered as such at
the close of business on the relevant Record Dates according to their terms and
the provisions of Section 309.

          If any Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal (and premium, if any) shall,
until paid, bear interest from the Redemption Date at the rate borne by the
Securities.

          SECTION 1108. SECURITIES REDEEMED IN PART.

          Any Security which is to be redeemed only in part shall be surrendered
at the office or agency of the Company maintained for such purpose pursuant to
Section 1002 (with, if the Company or the Trustee so requires, due endorsement
by, or a written instrument of transfer in form satisfactory to the Company and
the Trustee duly executed by, the Holder thereof or such Holder's attorney duly
authorized in writing), and the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Security without service charge,
a new Security or Securities, of any authorized denomination as requested by
such Holder, in aggregate principal amount equal to and in exchange for the
unredeemed portion of the principal of the Security so surrendered.

                                      -80-
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                                 ARTICLE TWELVE

                       DEFEASANCE AND COVENANT DEFEASANCE

          SECTION 1201. COMPANY'S OPTION TO EFFECT DEFEASANCE OR COVENANT
DEFEASANCE.

          The Company may, at its option by Board Resolution, at any time, with
respect to the Securities, elect to have either Section 1202 or Section 1203 be
applied to all Outstanding Securities upon compliance with the conditions set
forth below in this Article Twelve.

          SECTION 1202. DEFEASANCE AND DISCHARGE.

          Upon the Company's exercise under Section 1201 of the option
applicable to this Section 1202, the Company and the Guarantors shall be deemed
to have been discharged from their respective obligations with respect to all
Outstanding Securities on the date the conditions set forth in Section 1204 are
satisfied (hereinafter, "defeasance"). For this purpose, such defeasance means
that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by the Outstanding Securities, which shall thereafter
be deemed to be "Outstanding" only for the purposes of Section 1205 and the
other Sections of this Indenture referred to in (A) and (B) below, and to have
satisfied all its other obligations under such Securities and this Indenture
insofar as such Securities are concerned (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), except for
the following which shall survive until otherwise terminated or discharged
hereunder: (A) the rights of Holders of Outstanding Securities to receive,
solely from the trust fund described in Section 1204 and as more fully set forth
in such Section, payments in respect of the principal of (and premium, if any,
on) and interest on such Securities when such payments are due, (B) the
Company's obligations with respect to such Securities under Sections 304, 305,
308, 1002 and 1003, (C) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and (D) this Article Twelve. Subject to compliance with this
Article Twelve, the Company may exercise its option under this Section 1202
notwithstanding the prior exercise of its option under Section 1203 with respect
to the Securities.

          SECTION 1203. COVENANT DEFEASANCE.

          Upon the Company's exercise under Section 1201 of the option
applicable to this Section 1203, the Company and the Guarantors shall be
released from their respective obligations under any covenant contained in
Section 801 and Section 803 and in Sections 1007 through 1023 with respect to
the Outstanding Securities on and after the date the conditions set forth below
are satisfied (hereinafter, "covenant defeasance"), and the Securities shall
thereafter be deemed not to be "Outstanding" for the purposes of any direction,
waiver, consent or declaration or Act of Holders (and the consequences of any
thereof) in connection with such covenants, but shall continue to be deemed
"Outstanding" for all other purposes hereunder. For this purpose, such covenant
defeasance means that, with respect to the Outstanding Securities, the Company
and the Guarantors may omit to comply with and shall have no liability in
respect of any term, condition or limitation set forth in any such covenant,
whether directly or indirectly, by reason of any reference elsewhere herein to
any such covenant or by reason of any reference in any such covenant to any
other provision herein or in any other document and such omission to comply
shall not constitute a Default or an Event of Default

                                      -81-
<Page>

under Section 501(3) or Section 501(4), but, except as specified above, the
remainder of this Indenture and such Securities shall be unaffected thereby.

          SECTION 1204. CONDITIONS TO DEFEASANCE OR COVENANT DEFEASANCE.

          The following shall be the conditions to application of either Section
1202 or Section 1203 to the Outstanding Securities:

          (1)     The Company shall irrevocably have deposited or caused to be
     deposited with the Trustee (or another trustee satisfying the requirements
     of Section 607 who shall agree to comply with the provisions of this
     Article Twelve applicable to it) as trust funds in trust for the purpose of
     making the following payments, specifically pledged as security for, and
     dedicated solely to, the benefit of the Holders of such Securities, (A)
     money in an amount, or (B) U.S. Government Obligations which through the
     scheduled payment of principal and interest in respect thereof in
     accordance with their terms will provide, not later than one day before the
     due date of any payment, money in an amount, or (C) a combination thereof,
     sufficient, in the opinion of a nationally recognized firm of independent
     public accountants expressed in a written certification thereof delivered
     to the Trustee, to pay and discharge, and which shall be applied by the
     Trustee (or other qualifying trustee) to pay and discharge, the principal
     of (and premium, if any, on) and interest on the Outstanding Securities on
     the Stated Maturity (or Redemption Date, if applicable) of such principal
     (and premium, if any) or installment of interest; provided that the Trustee
     shall have been irrevocably instructed to apply such money or the proceeds
     of such U.S. Government Obligations to said payments with respect to the
     Securities. Before such a deposit, the Company may give to the Trustee, in
     accordance with Section 1103 hereof, a notice of its election to redeem all
     of the Outstanding Securities at a future date in accordance with Article
     Eleven hereof, which notice shall be irrevocable. Such irrevocable
     redemption notice, if given, shall be given effect in applying the
     foregoing. For this purpose, "U.S. Government Obligations" means securities
     that are (x) direct obligations of the United States of America for the
     timely payment of which its full faith and credit is pledged or (y)
     obligations of a Person controlled or supervised by and acting as an agency
     or instrumentality of the United States of America the timely payment of
     which is unconditionally guaranteed as a full faith and credit obligation
     by the United States of America, which, in either case, are not callable or
     redeemable at the option of the issuer thereof, and shall also include a
     depository receipt issued by a bank (as defined in Section 3(a)(2) of the
     Securities Act of 1933, as amended), as custodian with respect to any such
     U.S. Government Obligation or a specific payment of principal of or
     interest on any such U.S. Government Obligation held by such custodian for
     the account of the holder of such depository receipt, provided that (except
     as required by law) such custodian is not authorized to make any deduction
     from the amount payable to the holder of such depository receipt from any
     amount received by the custodian in respect of the U.S. Government
     Obligation or the specific payment of principal of or interest on the U.S.
     Government Obligation evidenced by such depository receipt.

          (2)     No Default or Event of Default with respect to the Securities
     shall have occurred and be continuing on the date of such deposit.

                                      -82-
<Page>

          (3)     Such defeasance or covenant defeasance shall not cause the
     Trustee to have a conflicting interest, as determined by the Trustee, with
     respect to any securities of the Company or any Guarantor.

          (4)     Such defeasance or covenant defeasance shall not result in a
     breach or violation of, or constitute a default under, this Indenture or
     any other material agreement or instrument to which the Company or any
     Guarantor is a party or by which it is bound.

          (5)     In the case of an election under Section 1202, the Company
     shall have delivered to the Trustee an Opinion of Counsel stating that (x)
     the Company has received from, or there has been published by, the Internal
     Revenue Service a ruling, or (y) since April 17, 2001 there has been a
     change in the applicable federal income tax law, in either case to the
     effect that, and based thereon such opinion shall confirm that, the Holders
     of the Outstanding Securities will not recognize income, gain or loss for
     federal income tax purposes as a result of such defeasance and will be
     subject to federal income tax on the same amounts, in the same manner and
     at the same times as would have been the case if such defeasance had not
     occurred.

          (6)     In the case of an election under Section 1203, the Company
     shall have delivered to the Trustee an Opinion of Counsel to the effect
     that the Holders of the Outstanding Securities will not recognize income,
     gain or loss for federal income tax purposes as a result of such covenant
     defeasance and will be subject to federal income tax on the same amounts,
     in the same manner and at the same times as would have been the case if
     such covenant defeasance had not occurred.

          (7)     The Company shall have delivered to the Trustee an Opinion of
     Counsel to the effect that after the 91st day following the deposit, the
     trust funds will not be subject to the effect of any applicable bankruptcy,
     insolvency, reorganization or similar laws affecting creditors' rights
     generally.

          (8)     The Company shall have delivered to the Trustee an Officers'
     Certificate and an Opinion of Counsel satisfactory to the Trustee, which,
     taken together, state that all conditions precedent provided for relating
     to either the defeasance under Section 1202 or the covenant defeasance
     under Section 1203 (as the case may be) have been complied with.

          SECTION 1205. DEPOSITED MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE
HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.

          Subject to the provisions of the last paragraph of Section 1003, all
money and U.S. Government Obligations (including the proceeds thereof) deposited
with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 1205, the "Trustee") pursuant to Section 1204 in respect of the
Outstanding Securities shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Holders of
such Securities of all sums due and to become due thereon in respect of
principal (and premium, if any) and interest, but such money need not be
segregated from other funds except to the extent required by law.

                                      -83-
<Page>

          The Company shall pay and indemnify the Trustee against any tax, fee
or other charge imposed on or assessed against the U.S. Governmental Obligations
deposited pursuant to Section 1204 or the principal and interest received in
respect thereof other than any such tax, fee or other charge which by law is for
the account of the Holders of the Outstanding Securities.

          Anything in this Article Twelve to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon Company
Request any money or U.S. Government Obligations held by it as provided in
Section 1204 which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then
be required to be deposited to effect an equivalent defeasance or covenant
defeasance, as applicable, in accordance with this Article.

          SECTION 1206. REINSTATEMENT.

          If the Trustee or any Paying Agent is unable to apply any money in
accordance with Section 1205 by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company's obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred
pursuant to Section 1202 or 1203, as the case may be, until such time as the
Trustee or Paying Agent is permitted to apply all such money in accordance with
Section 1205; PROVIDED, HOWEVER, that if the Company makes any payment of
principal of (or premium, if any, on) or interest on any Security following the
reinstatement of its obligations, the Company shall be subrogated to the rights
of the Holders of such Securities to receive such payment from the money held by
the Trustee or Paying Agent.

          This Indenture may be signed in any number of counterparts each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same Indenture.

                                      -84-
<Page>

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

                                   BE AEROSPACE, INC.

                                   By  /s/ Thomas P. McCaffrey
                                      --------------------------------------
                                      Name:   Thomas P. McCaffrey
                                      Title:  Corporate Senior Vice President
                                              of Administration and Chief
                                              Financial Officer

<Page>

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

                                   THE BANK OF NEW YORK

                                   By  /s/ Margaret M. Ciesmelewski
                                      --------------------------------------
                                      Title: Vice President

<Page>

STATE OF  New York    )
                      ) ss.:
COUNTY OF New York    )

          On the 7th day of October, 2003, before me personally came Thomas P.
McCaffrey to me known who, being by me duly sworn, did depose and say that he is
Chief Financial Officer of BE Aerospace, Inc., one of the corporations described
in and which executed the foregoing instrument, and that he signed his name
thereto by like authority.

                                       /s/ Thomas P. McNulty
                                      -------------------------------------

<Page>

STATE OF New York     )
                      ) ss.:
COUNTY OF New York    )

          On the 7th day of October, 2003, before me personally came
Margaret M. Ciesmelewski, to me known who, being by me duly sworn, did depose
and say that she is Vice President of The Bank of New York, one of the
corporations described in and which executed the foregoing instrument; and
that she signed her name thereto by like authority.

                                      /s/ Joyce W. Chang

<Page>

                                                                       Exhibit A

                               [FACE OF SECURITY]

                               BE AEROSPACE, INC.
                    8 1/2% [Series B]** Senior Note due 2010

                                                     CUSIP [           ]

No. _______                                          $[            ]

          BE AEROSPACE, INC., a Delaware corporation (the "Company", which term
includes any successor under the Indenture hereinafter referred to), for value
received, promises to pay to ________________________________, or its registered
assigns, the principal sum of ____________________________________
($___________), on ____________, 2010.

          [Initial Interest Rate:     8 1/2% per annum.]*

          [Interest Rate:             8 1/2% per annum.]**

          Interest Payment Dates:     April 1 and October 1 of each year
                                      commencing April 1, 2004.

          Regular Record Dates:       March 15 and September 15 of each year.

          Reference is hereby made to the further provisions of this Security
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

----------
*  Include only for Initial Securities.
** Include only for Exchange Securities.

                                    Exh. A-1
<Page>

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

Date:                                      BE AEROSPACE, INC.

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

                                    Exh. A-2
<Page>

                (Form of Trustee's Certificate of Authentication)

     This is one of the 8 1/2% [Series B]** Senior Notes due 2010 described in
the within-mentioned Indenture.

                                           THE BANK OF NEW YORK, as Trustee

Date:  [_________, ______]                 By:
                                               --------------------------------
                                                     Authorized Signatory

----------
** Include only for Exchange Securities.

                                    Exh. A-3
<Page>

                           [REVERSE SIDE OF SECURITY]

                               BE AEROSPACE, INC.

                    8 1/2% [Series B]** Senior Note due 2010

1.   PRINCIPAL AND INTEREST.

          The Company will pay the principal of this Security on October 1,
2010.

          The Company promises to pay interest on the principal amount of this
Security on each Interest Payment Date, as set forth below, at the rate of
[8 1/2% per annum (subject to adjustment as provided below)]* [8 1/2% per annum,
except that interest accrued on this Security pursuant to the penultimate
paragraph of this Section 1 for periods prior to the applicable Exchange Date
(as such term is defined in the Registration Rights Agreement referred to below)
will accrue at the rate or rates borne by the Securities from time to time
during such periods.]**

          Interest will be payable semiannually (to the holders of record of the
Securities (or any predecessor Securities) at the close of business on March 15
or September 15 immediately preceding the Interest Payment Date) on each
Interest Payment Date, commencing [April 1, 2004].

          [The Holder of this Security is entitled to the benefits of the
Registration Rights Agreement, dated October 7, 2003***, between the Company and
the Purchasers named therein (the "Registration Rights Agreement"). The
Securities rank pari passu in right of payment with the Exchange Securities and
will be treated as one class with the Exchange Securities. In the event that
either (a) the Exchange Offer Registration Statement (as such term is defined in
the Registration Rights Agreement) is not filed with the Securities and Exchange
Commission within the time prescribed under the Registration Rights Agreement
following the date of original issue of the Securities, (b) the Exchange Offer
Registration Statement has not been declared effective within the time
prescribed under the Registration Rights Agreement following the date of
original issue of the Securities or (c) the Exchange Offer (as such term is
defined in the Registration Rights Agreement) is not consummated or a Shelf
Registration Statement (as such term is defined in the Registration Rights
Agreement) is not declared effective within the time prescribed under the
Registration Rights Agreement following the date of original issue of the
Securities, the interest rate borne by this Security shall be increased by the
amount stated in the Registration Rights Agreement. The aggregate amount of such
increase from the original interest rate pursuant to these provisions shall in
no event exceed the amount stated in the Registration Rights Agreement. Upon (x)
the filing of the Exchange Offer Registration Statement within the time
prescribed under the Registration Rights Agreement as described in clause (a)
above, (y) the effectiveness of the Exchange Offer Registration Statement within
the time prescribed under the Registration Rights Agreement as described in
clause (b) above or (z) the consummation of the Exchange Offer or the
effectiveness of a Shelf Registration Statement, as the case may be, within the
time prescribed under the Registration Rights Agreement as described

----------
*  Include only for Initial Securities.
** Include only for Exchange Securities.
*** For Additional Securities, insert the date of the Registration Rights
    Agreement for those Securities.

                                    Exh. A-4
<Page>

in clause (c) above, the interest rate borne by this Security from the date of
such filing, effectiveness or consummation, as the case may be, will be reduced
to the interest rate set forth above.]*

          Interest on this Security will accrue from the most recent date to
which interest has been paid [on this Security or the Security surrendered in
exchange herefor]** or, if no interest has been paid, from October 7, 2003;
provided that, if there is no existing default in the payment of interest and if
this Security is authenticated between a Regular Record Date referred to on the
face hereof and the next succeeding Interest Payment Date, interest shall accrue
from such Interest Payment Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months.

          The Company shall pay interest on overdue principal and premium, if
any, and interest on overdue installments of interest, to the extent lawful, at
a rate per annum equal to the rate of interest applicable to the Securities.

2.   METHOD OF PAYMENT.

          The Company will pay interest (except defaulted interest) on the
principal amount of the Securities on each April 1 and October 1 to the persons
who are Holders (as reflected in the Security Register at the close of business
on March 15 and September 15 immediately preceding the Interest Payment Date),
in each case, even if the Security is cancelled on registration of transfer or
registration of exchange after such record date; provided that, with respect to
the payment of principal, the Company will make payment to the Holder that
surrenders this Security to any Paying Agent on or after October 1, 2010.

          The Company will pay principal, premium, if any, and interest in money
of the United States that at the time of payment is legal tender for payment of
public and private debts. However, the Company may pay principal, premium, if
any, and interest by its check payable in such money. The Company may mail an
interest check to a Holder's registered address (as reflected in the Security
Register). If a payment date is a date other than a Business Day at a place of
payment, payment may be made at that place on the next succeeding day that is a
Business Day and no interest shall accrue for the intervening period.

3.   PAYING AGENT AND REGISTRAR.

          Initially, the Trustee will act as Paying Agent and Registrar. The
Company may change any Paying Agent or Registrar upon written notice thereto.
The Company, any Subsidiary or any Affiliate of any of them may act as Paying
Agent, Registrar or co-registrar.

4.   INDENTURE; LIMITATIONS.

          The Company issued the Securities under an Indenture dated as of
October 7, 2003 (the "Indenture"), between the Company and The Bank of New York,
as trustee (the "Trustee"). Capitalized terms herein are used as defined in the
Indenture unless otherwise indicated. The terms of the Securities include those
stated in the Indenture and those made part of the Indenture by reference to the
Trust Indenture Act. The Securities are subject to all such terms, and Holders
are

----------
*  Include only for Initial Securities.
** Include only for Exchange Securities.

                                    Exh. A-5
<Page>

referred to the Indenture and the Trust Indenture Act for a statement of all
such terms. To the extent permitted by applicable law, in the event of any
inconsistency between the terms of this Security and the terms of the Indenture,
the terms of the Indenture shall control.

          The Securities are general unsecured obligations of the Company. The
Company may, from time to time, without notice to or the consent of the Holders
of the Securities, create and issue Additional Securities under the Indenture
ranking equally with the Securities in all respects, subject to the limitations
described in Section 1010 of the Indenture. The terms of the Securities and any
Additional Securities may have additional issuance dates and dates from which
interest accrues and shall be part of the same series. The total amount of the
Securities which may be issued under the Indenture is unlimited. Such Additional
Securities will be consolidated and form a single series with the Securities,
vote together with the Securities and have the same terms as to status,
redemption or otherwise as the Securities. References to the Securities under
the Indenture include these Additional Securities if they are in the same
series, unless the context requires otherwise.

5.   REDEMPTION.

          OPTIONAL REDEMPTION. The Securities may be redeemed at the option of
the Company, in whole or in part, at any time and from time to time on or after
October 1, 2007, at the following Redemption Prices (expressed in percentages of
principal amount), plus accrued and unpaid interest, if any, to the Redemption
Date (subject to the right of Holders of record on the relevant Regular Record
Date to receive interest due on an Interest Payment Date that is on or prior to
the Redemption Date), if redeemed during the 12-month period beginning October 1
of each of the years set forth below:

<Table>
<Caption>
                                          Redemption
                    Year                     Price
                    ----                     -----
                    <S>                     <C>
                    2007                    104.250%
                    2008                    102.125%
                    2009 and thereafter     100.000%
</Table>

          REDEMPTION WITH PROCEEDS OF OFFERING. In addition, at any time or from
time to time, on or prior to October 1, 2006, the Company may, at its option,
redeem up to 35% of the aggregate principal amount of the Securities issued
under this Indenture (including any Additional Securities) at a Redemption Price
equal to 108.500% of the aggregate principal amount thereof, plus accrued and
unpaid interest thereon, if any, to the Redemption Date, with the net cash
proceeds of one or more Equity Offerings; PROVIDED that at least 65% of the
aggregate principal amount of Securities issued under this Indenture (including
any Additional Securities) remains outstanding immediately after the occurrence
of such redemption (excluding Securities held by the Company and its
Subsidiaries); PROVIDED FURTHER such redemption occurs within 60 days of the
date of closing of each such Equity Offering.

          PROCEDURES. Notice of a redemption will be mailed at least 30 days but
not more than 60 days before the Redemption Date to each Holder to be redeemed
at such Holder's last address as it appears in the Security Register. Securities
in original denominations larger than $1,000 may be redeemed in part in integral
multiples of $1,000. On and after the Redemption Date, interest ceases

                                    Exh. A-6
<Page>

to accrue on Securities or portions of Securities called for redemption, unless
the Company defaults in the payment of the Redemption Price.

6.   REPURCHASE UPON A CHANGE IN CONTROL AND ASSET SALES.

          (a)     Upon the occurrence of a Change of Control, the Company is
obligated to make an offer to purchase all outstanding Securities at a
redemption price of 101% of the principal amount thereof, plus accrued and
unpaid interest, if any, to the date of purchase and (b) upon Asset Sales, the
Company may be obligated to make offers to purchase Securities with a portion of
the Net Cash Proceeds of such Asset Sales at a redemption price of 100% of the
principal amount thereof plus accrued and unpaid interest, if any, to the date
of purchase.

7.   DENOMINATIONS; TRANSFER; EXCHANGE.

          The Securities are in registered form without coupons, in
denominations of $1,000 and multiples of $1,000 in excess thereof. A Holder may
register the transfer or exchange of Securities in accordance with the
Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes and fees
required by law or permitted by the Indenture. The Registrar need not register
the transfer or exchange of any Securities selected for redemption (except the
unredeemed portion of any Security being redeemed in part). Also, it need not
register the transfer or exchange of any Securities for a period of 15 days
before a selection of Securities to be redeemed is made.

8.   PERSONS DEEMED OWNERS.

          A Holder may be treated as the owner of a Security for all purposes.

9.   UNCLAIMED MONEY.

          If money for the payment of principal, premium, if any, or interest
remains unclaimed for two years, the Trustee and the Paying Agent will pay the
money back to the Company at its request. After that, Holders entitled to the
money must look to the Company for payment, unless an abandoned property law
designates another Person, and all liability of the Trustee and such Paying
Agent with respect to such money shall cease.

10.  DISCHARGE PRIOR TO REDEMPTION OR MATURITY.

          If the Company irrevocably deposits, or causes to be deposited, with
the Trustee money or U.S. Government Obligations sufficient to pay the then
outstanding principal of, premium, if any, and accrued interest on the
Securities (a) to redemption or maturity, the Company will be discharged from
the Indenture and the Securities, except in certain circumstances for certain
sections thereof, and (b) to the Stated Maturity, the Company will be discharged
from certain covenants set forth in the Indenture.

11.  AMENDMENT; SUPPLEMENT; WAIVER.

          Subject to certain exceptions, the Indenture or the Securities may be
amended or supplemented with the consent of the Holders of at least a majority
in aggregate principal amount of

                                    Exh. A-7
<Page>

the Securities then outstanding (including consents obtained in connection with
a purchase of, or tender offer or exchange offer for, the Securities), and any
existing default or compliance with any provision may be waived with the consent
of the Holders of a majority in aggregate principal amount of the Securities
then outstanding. Without notice to or the consent of any Holder, the parties
thereto may amend or supplement the Indenture or the Securities to, among other
things, cure any ambiguity, defect or inconsistency and make any change that
does not materially adversely affect the rights of any Holder.

12.  RESTRICTIVE COVENANTS.

          The Indenture contains certain covenants, including, without
limitation, covenants with respect to the following matters: (i) Indebtedness;
(ii) Restricted Payments; (iii) transactions with Affiliates; (iv) Liens; (v)
guarantees of Indebtedness by Restricted Subsidiaries; (vi) disposition of
proceeds of Asset Sales; (vii) dividends and other payment restrictions
affecting Restricted Subsidiaries; (viii) merger and certain transfers of
assets; (ix) sale/leaseback transactions; (x) guarantees of Indebtedness by
wholly-owned Domestic Subsidiaries; (xi) payments for consents; and (xii)
limitation on credit support for Unrestricted Subsidiaries. Within 120 days
after the end of each fiscal year and within 45 days after each fiscal quarter,
the Company must report to the Trustee on compliance with such limitations.

13.  SUCCESSOR PERSONS.

          When a successor person or other entity assumes all the obligations of
its predecessor under the Securities and the Indenture, the predecessor person
will be released from those obligations.

14.  REMEDIES FOR EVENTS OF DEFAULT.

          If an Event of Default, as defined in the Indenture, occurs and is
continuing, the Trustee or the Holders of not less than 25% in principal amount
of the Securities then outstanding may declare all the Securities to be
immediately due and payable. If a bankruptcy or insolvency default with respect
to the Company or any of its Significant Subsidiaries occurs and is continuing,
the Securities automatically become immediately due and payable. Holders may not
enforce the Indenture or the Securities except as provided in the Indenture. The
Trustee may require indemnity satisfactory to it before it enforces the
Indenture or the Securities. Subject to certain limitations, Holders of at least
a majority in principal amount of the Securities then outstanding may direct the
Trustee in its exercise of any trust or power.

15.  TRUSTEE DEALINGS WITH COMPANY.

          The Trustee under the Indenture, in its individual or any other
capacity, may become the owner or pledgee of Securities and may make loans to,
accept deposits from, perform services for, and otherwise deal with, the Company
and its Affiliates as if it were not the Trustee.

16.  AUTHENTICATION.

          This Security shall not be valid until the Trustee signs the
certificate of authentication on the other side of this Security.

                                    Exh. A-8
<Page>

17.  GOVERNING LAW.

          THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS
PRINCIPLES THEREOF.

18.  ABBREVIATIONS.

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

          The Company will furnish to any Holder upon written request and
without charge a copy of the Indenture. Requests may be made to BE Aerospace,
Inc., 1400 Corporate Center Way, Wellington, Florida 33414, Attention: Chief
Executive Officer.

                                    Exh. A-9
<Page>

                            [FORM OF TRANSFER NOTICE]

          FOR VALUE RECEIVED the undersigned registered holder hereby sell(s),
assign(s) and transfer(s) unto

INSERT TAXPAYER IDENTIFICATION NO.

(Please print or typewrite name and address including zip code of assignee)

the within Security and all rights thereunder, hereby irrevocably constituting
and appointing

attorney to transfer such Security on the books of the Company with full power
of substitution in the premises.

          In connection with any transfer of this Security occurring prior to
the date which is the earlier of the date of an effective Registration Statement
or ____________, the undersigned confirms that without utilizing any general
solicitation or general advertising that:

                                   [CHECK ONE]

/ / (a) this Security is being transferred in compliance with the
        exemption from registration under the Securities Act of 1933, as
        amended, provided by Rule 144A thereunder.

                                       or

/ / (b) this Security is being transferred other than in accordance with
        (a) above and documents are being furnished which comply with the
        conditions of transfer set forth in this Security and the Indenture.

If none of the foregoing boxes is checked, the Trustee or other Registrar shall
not be obligated to register this Security in the name of any Person other than
the Holder hereof unless and until the conditions to any such transfer of
registration set forth herein and in Section 307 of the Indenture shall have
been satisfied.

Date:
      ---------------------

                              -----------------------------------------
                              NOTICE: The signature to this assignment must
                              correspond with the name as written upon the face
                              of the within-mentioned instrument in every
                              particular, without alteration or any change
                              whatsoever.

Signature Guarantee:

Signatures must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent

                                    Exh. A-10
<Page>

Medallion Program ("STAMP") or such other "signature guarantee program" as may
be determined by the Registrar in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934, as amended.

TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED.

          The undersigned represents and warrants that it is purchasing this
Security for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act of
1933, as amended, and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding the
Company as the undersigned has requested pursuant to Rule 144A or has determined
not to request such information and that it is aware that the transferor is
relying upon the undersigned's foregoing representations in order to claim the
exemption from registration provided by Rule 144A.

Dated:
       ------------------------       ------------------------------------
                                      NOTICE:  To be executed by an
                                               executive officer.

                                    Exh. A-11
<Page>

                       OPTION OF HOLDER TO ELECT PURCHASE

          If you wish to have this Security purchased by the Company pursuant to
Section 1015 or Section 1016 of the Indenture, check the Box: / /.

          If you wish to have a portion of this Security purchased by the
Company pursuant to Section 1015 or Section 1016 of the Indenture, state the
amount (in original principal amount) below:

                                    $_________________________.

Date:
      ---------------------------

Your Signature:
               -------------------------------

(Sign exactly as your name appears on the other side of this Security)

Signature Guarantee:
                    -------------------------------

Signatures must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program ("STAMP") or such
other "signature guarantee program" as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

                                   Exh. A-12<Page>

                                                                     Exhibit 4.3

================================================================================

                          Registration Rights Agreement

                           Dated as of October 7, 2003

                                      among

                               BE Aerospace, Inc.

                                       and

                         Credit Suisse First Boston LLC,

                           J.P. Morgan Securities Inc.

            Jefferies/Quarterdeck, LLC and Jefferies & Company, Inc.

                                       and

                                  Stephens Inc.

================================================================================

<Page>

                          REGISTRATION RIGHTS AGREEMENT

          THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made and
entered into October 7, 2003, among BE Aerospace, Inc., a Delaware corporation
(the "Company"), and Credit Suisse First Boston LLC ("CS First Boston"), J.P.
Morgan Securities Inc., Jefferies/Quarterdeck, LLC and Jefferies & Company, Inc.
and Stephens Inc. (the "Purchasers").

          This Agreement is made pursuant to the Purchase Agreement dated
October 2, 2003 among the Company and the Purchasers (the "Purchase Agreement"),
which provides for the sale by the Company to the Purchasers of an aggregate of
$175,000,000 principal amount of the Company's 8 1/2% Senior Notes due 2010 (the
"Securities"). In order to induce the Purchasers to enter into the Purchase
Agreement, the Company has agreed to provide to the Purchasers and their direct
and indirect transferees the registration rights set forth in this Agreement.
The execution of this Agreement is a condition to the closing under the Purchase
Agreement.

          In consideration of the foregoing, the parties hereto agree as
follows:

          1.      DEFINITIONS. As used in this Agreement, the following
capitalized defined terms shall have the following meanings:

          "1933 ACT" shall mean the Securities Act of 1933, as amended from time
     to time.

          "1934 ACT" shall mean the Securities Exchange Act of 1934, as amended
     from time to time.

          "CLOSING DATE" shall mean the Closing Time as defined in the Purchase
     Agreement.

          "COMPANY" shall have the meaning set forth in the preamble and also
     includes the Company's successors.

          "DEPOSITARY" shall mean the Depository Trust Company, or any other
     depositary appointed by the Company; PROVIDED, HOWEVER, that such
     depositary must have an address in the Borough of Manhattan, in the City of
     New York.

          "EXCHANGE OFFER" shall mean the exchange offer by the Company of
     Exchange Securities for Registrable Securities pursuant to Section 2(a)
     hereof.

          "EXCHANGE OFFER REGISTRATION" shall mean a registration under the 1933
     Act effected pursuant to Section 2(a) hereof.

                                      - 1 -
<Page>

          "EXCHANGE OFFER REGISTRATION STATEMENT" shall mean an exchange offer
     registration statement on Form S-4 (or, if applicable, on another
     appropriate form), and all amendments and supplements to such registration
     statement, in each case including the Prospectus contained therein, all
     exhibits thereto and all material incorporated by reference therein.

          "EXCHANGE SECURITIES" shall mean 8 1/2% Series B Senior Notes due 2010
     issued by the Company under the Indenture containing terms identical to the
     Securities (except that (i) interest thereon shall accrue from the last
     date on which interest was paid on the Securities or, if no such interest
     has been paid, from the date of their original issue, (ii) the transfer
     restrictions thereon shall be eliminated and (iii) certain provisions
     relating to an increase in the stated rate of interest thereon shall be
     eliminated), to be offered to Holders of Securities in exchange for
     Securities pursuant to the Exchange Offer.

          "HOLDERS" shall mean the Purchasers, for so long as they own any
     Registrable Securities, and each of their successors, assigns and direct
     and indirect transferees who become registered owners of Registrable
     Securities under the Indenture.

          "INDENTURE" shall mean the Indenture relating to the Securities dated
     as of October 7, 2003 between the Company and The Bank of New York, as
     trustee, as the same may be amended from time to time in accordance with
     the terms thereof.

          "MAJORITY HOLDERS" shall mean the Holders of a majority of the
     aggregate principal amount of outstanding Registrable Securities; PROVIDED
     that whenever the consent or approval of Holders of a specified percentage
     of Registrable Securities is required hereunder, Registrable Securities
     held by the Company shall be disregarded in determining whether such
     consent or approval was given by the Holders of such required percentage or
     amount.

          "PERSON" shall mean an individual, partnership, corporation, trust or
     unincorporated organization, or a government or agency or political
     subdivision thereof.

          "PROSPECTUS" shall mean the prospectus included in a Registration
     Statement, including any preliminary prospectus, and any such prospectus as
     amended or supplemented by any prospectus supplement, including a
     prospectus supplement with respect to the terms of the offering of any
     portion of the Registrable Securities covered by a Shelf Registration
     Statement, and by all other amendments and supplements to a prospectus,
     including post-effective amendments, and in each case including all
     material incorporated by reference therein.

          "PURCHASE AGREEMENT" shall have the meaning set forth in the preamble.

          "PURCHASER" shall have the meaning set forth in the preamble.

          "REGISTRABLE SECURITIES" shall mean the Securities; PROVIDED, HOWEVER,
     that the Securities shall cease to be Registrable Securities when (i) a
     Registration Statement with

                                      - 2 -
<Page>

     respect to such Securities shall have been declared effective under the
     1933 Act and such Securities shall have been disposed of pursuant to such
     Registration Statement, (ii) such Securities shall have been sold to the
     public pursuant to Rule 144(k) (or any similar provision then in force, but
     not Rule 144A) under the 1933 Act, (iii) such Securities shall have ceased
     to be outstanding or (iv) such Securities have been exchanged for Exchange
     Securities upon consummation of the Exchange Offer.

          "REGISTRATION EXPENSES" shall mean any and all expenses incident to
     performance of or compliance by the Company with this Agreement, including
     without limitation: (i) all SEC, stock exchange or National Association of
     Securities Dealers, Inc. ("NASD") registration and filing fees, (ii) all
     fees and expenses incurred in connection with compliance with state
     securities or blue sky laws and compliance with the rules of the NASD
     (including reasonable fees and disbursements of counsel for any
     underwriters or Holders in connection with blue sky qualification of any of
     the Exchange Securities or Registrable Securities), (iii) all expenses of
     any Persons in preparing or assisting in preparing, word processing,
     printing and distributing any Registration Statement, any Prospectus, any
     amendments or supplements thereto, any underwriting agreements, securities
     sales agreements and other documents relating to the performance of and
     compliance with this Agreement, (iv) all rating agency fees, (v) all fees
     and expenses incurred in connection with the listing, if any, of any of the
     Registrable Securities on any securities exchange or exchanges, (vi) the
     fees and disbursements of counsel for the Company and of the independent
     public accountants of the Company, including the expenses of any special
     audits or "cold comfort" letters required by or incident to such
     performance and compliance, (vii) the fees and expenses of the Trustee, and
     any escrow agent or custodian, and (viii) any fees and disbursements of the
     underwriters customarily required to be paid by issuers or sellers of
     securities and the reasonable fees and expenses of any special experts
     retained by the Company in connection with any Registration Statement, but
     excluding fees of counsel to the underwriters or the Holders and
     underwriting discounts and commissions and transfer taxes, if any, relating
     to the sale or disposition of Registrable Securities by a Holder.

          "REGISTRATION STATEMENT" shall mean any registration statement of the
     Company which covers any of the Exchange Securities or Registrable
     Securities pursuant to the provisions of this Agreement, and all amendments
     and supplements to any such Registration Statement, including
     post-effective amendments, in each case including the Prospectus contained
     therein, all exhibits thereto and all material incorporated by reference
     therein.

          "SEC" shall mean the Securities and Exchange Commission.

          "SHELF REGISTRATION" shall mean a registration effected pursuant to
     Section 2(b) hereof.

          "SHELF REGISTRATION STATEMENT" shall mean a "shelf" registration
     statement of the Company pursuant to the provisions of Section 2(b) of this
     Agreement which covers all of the Registrable Securities on an appropriate
     form under Rule 415 under the 1933 Act,

                                      - 3 -
<Page>

     or any similar rule that may be adopted by the SEC, and all amendments and
     supplements to such registration statement, including post-effective
     amendments, in each case including the Prospectus contained therein, all
     exhibits thereto and all material incorporated by reference therein.

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

          2.      REGISTRATION UNDER THE 1933 ACT. (a) EXCHANGE OFFER
REGISTRATION. To the extent not prohibited by any applicable law or applicable
interpretation of the Staff of the SEC, the Company shall use its best efforts
(A) to file within 60 days after the Closing Date an Exchange Offer Registration
Statement covering the offer by the Company to the Holders to exchange all of
the Registrable Securities for Exchange Securities, (B) to cause such Exchange
Offer Registration Statement to be declared effective by the SEC within 180 days
after the Closing Date, (C) to cause such Registration Statement to remain
effective until the closing of the Exchange Offer and (D) to consummate the
Exchange Offer within 210 days following the Closing Date. The Exchange
Securities will be issued under the Indenture. Upon the effectiveness of the
Exchange Offer Registration Statement, the Company shall promptly commence the
Exchange Offer, it being the objective of such Exchange Offer to enable each
Holder (other than Participating Broker-Dealers (as defined in Section 3(f))
eligible and electing to exchange Registrable Securities for Exchange Securities
(assuming that such Holder is not an affiliate of the Company within the meaning
of Rule 405 under the 1933 Act, acquires the Exchange Securities in the ordinary
course of such Holder's business and has no arrangements or understandings with
any person to participate in the Exchange Offer for the purpose of distributing
the Exchange Securities) to trade such Exchange Securities from and after their
receipt without any limitations or restrictions under the 1933 Act and without
material restrictions under the securities laws of a substantial proportion of
the several states of the United States.

          In connection with the Exchange Offer, the Company shall:

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

          (ii)    keep the Exchange Offer open for not less than 30 days after
     the date notice thereof is mailed to the Holders (or longer if required by
     applicable law);

          (iii)   use the services of the Depositary for the Exchange Offer;

          (iv)    permit Holders to withdraw tendered Registrable Securities at
     any time prior to the close of business, New York City time, on the last
     business day on which the Exchange Offer shall remain open, by sending to
     the institution specified in the notice, a telegram, telex, facsimile
     transmission or letter setting forth the name of such Holder, the principal
     amount of Registrable Securities delivered for exchange, and a statement
     that such Holder is withdrawing his election to have such Securities
     exchanged; and

                                      - 4 -
<Page>

          (v)     otherwise comply in all respects with all applicable laws
     relating to the Exchange Offer.

          As soon as practicable after the close of the Exchange Offer, the
     Company shall:

          (i)     accept for exchange Registrable Securities duly tendered and
     not validly withdrawn pursuant to the Exchange Offer in accordance with the
     terms of the Exchange Offer Registration Statement and the letter of
     transmittal which is an exhibit thereto;

          (ii)    deliver, or cause to be delivered, to the Trustee for
     cancellation all Registrable Securities so accepted for exchange by the
     Company; and

          (iii)   cause the Trustee promptly to authenticate and deliver
     Exchange Securities to each Holder of Registrable Securities equal in
     amount to the Registrable Securities of such Holder so accepted for
     exchange.

          Interest on each Exchange Security will accrue from the last date on
which interest was paid on the Registrable Securities surrendered in exchange
therefor or, if no interest has been paid on the Registrable Securities, from
the date of its original issue. The Exchange Offer shall not be subject to any
conditions, other than that the Exchange Offer, or the making of any exchange by
a Holder, does not violate applicable law or any applicable interpretation of
the Staff of the SEC. Each Holder of Registrable Securities (other than
Participating Broker-Dealers) who wishes to exchange such Registrable Securities
for Exchange Securities in the Exchange Offer will be required to represent that
(i) it is not an affiliate of the Company, (ii) any Exchange Securities to be
received by it were acquired in the ordinary course of business and (iii) at the
time of the commencement of the Exchange Offer it has no arrangement with any
person to participate in the distribution (within the meaning of the Securities
Act) of the Exchange Securities. The Company shall inform the Purchasers of the
names and addresses of the Holders to whom the Exchange Offer is made, and the
Purchasers shall have the right to contact such Holders and otherwise facilitate
the tender of Registrable Securities in the Exchange Offer.

          (b)     SHELF REGISTRATION. (i) If, because of any change in law or
applicable interpretations thereof by the Staff of the SEC, the Company is not
permitted to effect the Exchange Offer as contemplated by Section 2(a) hereof,
or (ii) if for any other reason the Exchange Offer is not consummated within 210
days after the Closing Date, or (iii) if any Holder (other than a Purchaser) is
not eligible to participate in the Exchange Offer or (iv) upon the request of
any Purchaser (with respect to any Registrable Securities which it acquired
directly from the Company) following the consummation of the Exchange Offer if
such Purchaser shall hold Registrable Securities which it acquired directly from
the Company and if such Purchaser is not permitted, in the opinion of counsel to
such Purchaser, pursuant to applicable law or applicable interpretation of the
Staff of the SEC to participate in the Exchange Offer, the Company shall, at its
cost,

          (A)     as promptly as practicable, file with the SEC a Shelf
     Registration Statement relating to the offer and sale of the Registrable
     Securities by the Holders from time to time in accordance with the methods
     of distribution elected by the Majority

                                      - 5 -
<Page>

     Holders of such Registrable Securities and set forth in such Shelf
     Registration Statement, and use its best efforts to cause such Shelf
     Registration Statement to be declared effective by the SEC by 210 days
     after the Closing Date. In the event that the Company is required to file a
     Shelf Registration Statement upon the request of any Holder (other than a
     Purchaser) not eligible to participate in the Exchange Offer pursuant to
     clause (iii) above or upon the request of any Purchaser pursuant to clause
     (iv) above, the Company shall file and have declared effective by the SEC
     both an Exchange Offer Registration Statement pursuant to Section 2(a) with
     respect to all Registrable Securities and a Shelf Registration Statement
     (which may be a combined Registration Statement with the Exchange Offer
     Registration Statement) with respect to offers and sales of Registrable
     Securities held by such Holder or such Purchaser after completion of the
     Exchange Offer;

          (B)     use its best efforts to keep the Shelf Registration Statement
     continuously effective in order to permit the Prospectus forming part
     thereof to be usable by Holders for a period of two years from the date the
     Shelf Registration Statement is declared effective by the SEC (or one year
     from the date the Shelf Registration Statement is declared effective if
     such Shelf Registration Statement is filed upon the request of any
     Purchaser pursuant to clause (iv) above) or such shorter period which will
     terminate when all of the Registrable Securities covered by the Shelf
     Registration Statement have been sold pursuant to the Shelf Registration
     Statement; and

          (C)     notwithstanding any other provisions hereof, use its best
     efforts to ensure that (i) any Shelf Registration Statement and any
     amendment thereto and any Prospectus forming part thereof and any
     supplement thereto complies in all material respects with the 1933 Act and
     the rules and regulations thereunder, (ii) any Shelf Registration Statement
     and any amendment thereto does not, when it becomes effective, contain an
     untrue statement of a material fact or omit to state a material fact
     required to be stated therein or necessary to make the statements therein
     not misleading and (iii) any Prospectus forming part of any Shelf
     Registration Statement, and any supplement to such Prospectus (as amended
     or supplemented from time to time), does not include an untrue statement of
     a material fact or omit to state a material fact necessary in order to make
     the statements, in light of the circumstances under which they were made,
     not misleading.

          The Company further agrees, if necessary, to supplement or amend the
Shelf Registration Statement if reasonably requested by the Majority Holders
with respect to information relating to the Holders and otherwise as required by
Section 3(b) below, to use all reasonable efforts to cause any such amendment to
become effective and such Shelf Registration to become usable as soon as
thereafter practicable and to furnish to the Holders of Registrable Securities
copies of any such supplement or amendment promptly after its being used or
filed with the SEC.

                                      - 6 -
<Page>

          (c)     EXPENSES. The Company shall pay all Registration Expenses in
connection with the registration pursuant to Section 2(a) or 2(b) and, in the
case of any Shelf Registration Statement, will reimburse the Holders or
Purchasers for the reasonable fees and disbursements of one firm or counsel
designated in writing by the Majority Holders to act as counsel for the Holders
of the Registrable Securities in connection therewith, and, in the case of an
Exchange Offer Registration Statement, will reimburse the Purchasers, as
applicable, for the reasonable fees and disbursements of counsel in connection
therewith. Each Holder shall pay all expenses of its counsel other than as set
forth in the preceding sentence, underwriting discounts and commissions and
transfer taxes, if any, relating to the sale or disposition of such Holder's
Registrable Securities pursuant to the Shelf Registration Statement.

          (d)     EFFECTIVE REGISTRATION STATEMENT. (i) The Company will be
deemed not to have used its best efforts to cause the Exchange Offer
Registration Statement or the Shelf Registration Statement, as the case may be,
to become, or to remain, effective during the requisite period if it voluntarily
takes any action that would result in any such Registration Statement not being
declared effective or in the Holders of Registrable Securities covered thereby
not being able to exchange or offer and sell such Registrable Securities during
that period unless (A) such action is required by applicable law or (B) such
action is taken by the Company in good faith and for valid business reasons (not
including avoidance of the Company's obligations hereunder), including the
acquisition or divestiture of assets, so long as the Company promptly complies
with the requirements of Section 3(k) hereof, if applicable.

          (ii)    An Exchange Offer Registration Statement pursuant to
Section 2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b)
hereof will not be deemed to have become effective unless it has been declared
effective by the SEC; provided, HOWEVER, that if, after it has been declared
effective, the offering of Registrable Securities pursuant to a Registration
Statement is interfered with by any stop order, injunction or other order or
requirement of the SEC or any other governmental agency or court, such
Registration Statement will be deemed not to have been effective during the
period of such interference, until the offering of Registrable Securities
pursuant to such Registration Statement may legally resume.

          (e)     INCREASE IN INTEREST RATE. In the event that (i) the Exchange
Offer Registration Statement is not filed with the Commission on or prior to the
60th calendar day after the Closing Date, (ii) the Exchange Offer Registration
Statement is not declared effective on or prior to the 180th calendar day after
the Closing Date or (iii) the Exchange Offer is not consummated or a Shelf
Registration Statement with respect to the Registrable Securities is not
declared effective on or prior to the 210th calendar day after the Closing Date,
the interest rate borne by the Securities shall be increased by one-quarter of
one percent per annum following such 60-day period in the case of clause (i)
above, such 180-day period in the case of clause (ii) above, or such 210-day
period in the case of clause (iii) above. The interest rate on the Securities
will increase by an additional one quarter of one percent per annum for each
subsequent 90-day period during which the registration default continues, with
the aggregate increase in such interest rate to in no event exceed one percent
per annum. Upon (x) the filing of the Exchange Offer Registration Statement
after the 60-day period described in clause (i) above, (y) the effectiveness of
the Exchange Offer Registration Statement after the 180-day period described in
clause (ii) above or (z) the consummation of the Exchange Offer or the
effectiveness

                                      - 7 -
<Page>

of a Shelf Registration Statement, as the case may be, after the 210-day period
described in clause (iii) above, the interest rate borne by the Securities from
the date of such filing, effectiveness or consummation, as the case may be, will
be reduced to the original interest rate.

          (f)     SPECIFIC ENFORCEMENT. Without limiting the remedies available
to the Purchasers and the Holders, the Company acknowledges that any failure by
the Company to comply with its obligations under Section 2(a) and Section 2(b)
hereof may result in material irreparable injury to the Purchasers or the
Holders for which there is no adequate remedy at law, that it will not be
possible to measure damages for such injuries precisely and that, in the event
of any such failure, the Purchasers or any Holder may obtain such relief as may
be required to specifically enforce the Company's obligations under Section 2(a)
and Section 2(b) hereof.

          3.      REGISTRATION PROCEDURES. In connection with the obligations
of the Company with respect to the Registration Statements pursuant to Sections
2(a) and 2(b) hereof, the Company shall:

          (a)     prepare and file with the SEC a Registration Statement,
     within the time period specified in Section 2, on the appropriate form
     under the 1933 Act, which form (i) shall be selected by the Company, (ii)
     shall, in the case of a Shelf Registration, be available for the sale of
     the Registrable Securities by the selling Holders thereof and (iii) shall
     comply as to form in all material respects with the requirements of the
     applicable form and include or incorporate by reference all financial
     statements required by the SEC to be filed therewith, and use its best
     efforts to cause such Registration Statement to become effective and remain
     effective in accordance with Section 2 hereof;

          (b)     prepare and file with the SEC such amendments and
     post-effective amendments to each Registration Statement as may be
     necessary under applicable law to keep such Registration Statement
     effective for the applicable period; cause each Prospectus to be
     supplemented by any required prospectus supplement, and as so supplemented
     to be filed pursuant to Rule 424 under the 1933 Act; and comply with the
     provisions of the 1933 Act with respect to the disposition of all
     securities covered by each Registration Statement during the applicable
     period in accordance with the intended method or methods of distribution by
     the selling Holders thereof;

                                      - 8 -
<Page>

          (c)     in the case of a Shelf Registration, (i) notify each Holder of
     Registrable Securities, at least five days prior to filing, that a Shelf
     Registration Statement with respect to the Registrable Securities is being
     filed and advising such Holders that the distribution of Registrable
     Securities will be made in accordance with the method elected by the
     Majority Holders; and (ii) furnish to each Holder of Registrable
     Securities, to counsel for the Purchasers, to counsel for the Holders and
     to each underwriter of an underwritten offering of Registrable Securities,
     if any, without charge, as many copies of each Prospectus, including each
     preliminary Prospectus, and any amendment or supplement thereto and such
     other documents as such Holder or underwriter may reasonably request,
     including financial statements and schedules and, if the Holder so
     requests, all exhibits (including those incorporated by reference) in order
     to facilitate the public sale or other disposition of the Registrable
     Securities; and (iii) subject to the last paragraph of Section 3, hereby
     consent to the use of the Prospectus or any amendment or supplement thereto
     by each of the selling Holders of Registrable Securities in connection with
     the offering and sale of the Registrable Securities covered by the
     Prospectus or any amendment or supplement thereto;

          (d)     use its best efforts to register or qualify the Registrable
     Securities under all applicable state securities or "blue sky" laws of such
     jurisdictions as any Holder of Registrable Securities covered by a
     Registration Statement and each underwriter of an underwritten offering of
     Registrable Securities shall reasonably request by the time the applicable
     Registration Statement is declared effective by the SEC, to cooperate with
     the Holders in connection with any filings required to be made with the
     NASD, and do any and all other acts and things which may be reasonably
     necessary or advisable to enable such Holder to consummate the disposition
     in each such jurisdiction of such Registrable Securities owned by such
     Holder; PROVIDED, HOWEVER, that the Company shall not be required to (i)
     qualify as a foreign corporation or as a dealer in securities in any
     jurisdiction where it would not otherwise be required to qualify but for
     this Section 3(d) or (ii) take any action which would subject it to general
     service of process or taxation in any such jurisdiction if it is not then
     so subject;

          (e)     in the case of a Shelf Registration, notify each Holder of
     Registrable Securities and counsel for the Purchasers promptly and, if
     requested by such Holder or counsel, confirm such advice in writing
     promptly (i) when a Registration Statement has become effective and when
     any post-effective amendments and supplements thereto become effective,
     (ii) of any request by the SEC or any state securities authority for
     post-effective amendments and supplements to a Registration Statement and
     Prospectus or for additional information after the Registration Statement
     has become effective, (iii) of the issuance by the SEC or any state
     securities authority of any stop order suspending the effectiveness of a
     Registration Statement or the initiation of any proceedings for that
     purpose, (iv) if, between the effective date of a Registration Statement
     and the closing of any sale of Registrable Securities covered thereby, the
     representations and warranties of the Company contained in any underwriting
     agreement, securities sales agreement or other similar agreement, if any,
     relating to such offering cease to be true and correct in all material
     respects, (v) of the receipt by the Company of any notification with
     respect to the suspension of the qualification of the Registrable
     Securities for sale in any jurisdiction or

                                      - 9 -
<Page>

     the initiation or threatening of any proceeding for such purpose, (vi) of
     the happening of any event or the discovery of any facts during the period
     a Shelf Registration Statement is effective which makes any statement made
     in such Registration Statement or the related Prospectus untrue in any
     material respect or which requires the making of any changes in such
     Registration Statement or Prospectus in order to make the statements
     therein not misleading and (vii) of any determination by the Company that a
     post-effective amendment to a Registration Statement would be appropriate;

          (f)     (A) in the case of the Exchange Offer, (i) include in the
     Exchange Offer Registration Statement a "Plan of Distribution" section
     covering the use of the Prospectus included in the Exchange Offer
     Registration Statement by broker-dealers who have exchanged their
     Registrable Securities for Exchange Securities for the resale of such
     Exchange Securities, (ii) furnish to each broker-dealer who desires to
     participate in the Exchange Offer, without charge, as many copies of each
     Prospectus included in the Exchange Offer Registration Statement, including
     any preliminary prospectus, and any amendment or supplement thereto, as
     such broker-dealer may reasonably request, (iii) include in the Exchange
     Offer Registration Statement a statement that any broker-dealer who holds
     Registrable Securities acquired for its own account as a result of
     market-making activities or other trading activities (a "Participating
     Broker-Dealer"), and who receives Exchange Securities for Registrable
     Securities pursuant to the Exchange Offer, may be a statutory underwriter
     and must deliver a prospectus meeting the requirements of the 1933 Act in
     connection with any resale of such Exchange Securities, (iv) subject to the
     last paragraph of Section 3, hereby consent to the use of the Prospectus
     forming part of the Exchange Offer Registration Statement or any amendment
     or supplement thereto, by any broker-dealer in connection with the sale or
     transfer of the Exchange Securities covered by the Prospectus or any
     amendment or supplement thereto, and (v) include in the transmittal letter
     or similar documentation to be executed by an exchange offeree in order to
     participate in the Exchange Offer (x) the following provision:

          "If the undersigned is not a broker-dealer, the undersigned represents
          that it is not engaged in, and does not intend to engage in, a
          distribution of Exchange Securities. If the undersigned is a
          broker-dealer that will receive Exchange Securities for its own
          account in exchange for Registrable Securities, it represents that the
          Registrable Securities to be exchanged for Exchange Securities were
          acquired by it as a result of market-making activities or other
          trading activities and acknowledges that it will deliver a prospectus
          meeting the requirements of the 1933 Act in connection with any resale
          of such Exchange Securities pursuant to the Exchange Offer; however,
          by so acknowledging and by delivering a prospectus, the undersigned
          will not be deemed to admit that it is an "underwriter" within the
          meaning of the 1933 Act";

     and (y) a statement to the effect that by a broker-dealer making the
     acknowledgment described in subclause (x) and by delivering a Prospectus in
     connection with the exchange of registrable Securities, the broker-dealer
     will not be deemed to admit that it is an underwriter within the meaning of
     the 1933 Act; and

                                     - 10 -
<Page>

          (B)     to the extent any Participating Broker-Dealer participates in
     the Exchange Offer, the Company shall use its best efforts to cause to be
     delivered at the request of an entity representing the Participating
     Broker-Dealers (which entity shall be one of the Purchasers, unless they
     elect not to act as such representative) only one, if any, "cold comfort"
     letter with respect to the Prospectus in the form existing on the last date
     for which exchanges are accepted pursuant to the Exchange Offer and with
     respect to each subsequent amendment or supplement, if any, effected during
     the period specified in clause (C) below; and

          (C)     to the extent any Participating Broker-Dealer participates in
     the Exchange Offer, the Company shall use its best efforts to maintain the
     effectiveness of the Exchange Offer Registration Statement for a period of
     one year following the closing of the Exchange Offer; and

          (D)     the Company shall not be required to amend or supplement the
     Prospectus contained in the Exchange Offer Registration Statement as would
     otherwise be contemplated by Section 3(b), or take any other action as a
     result of this Section 3(f), for a period exceeding 180 days after the last
     date for which exchanges are accepted pursuant to the Exchange Offer (as
     such period may be extended by the Company) and Participating
     Broker-Dealers shall not be authorized by the Company to, and shall not,
     deliver such Prospectus after such period in connection with resales
     contemplated by this Section 3.

          (g) (A) in the case of an Exchange Offer, furnish counsel for the
     Purchasers and (B) in the case of a Shelf Registration, furnish counsel for
     the Holders of Registrable Securities copies of any request by the SEC or
     any state securities authority for amendments or supplements to a
     Registration Statement and Prospectus or for additional information;

          (h)     make every reasonable effort to obtain the withdrawal of any
     order suspending the effectiveness of a Registration Statement as soon as
     practicable and provide immediate notice to each Holder of the withdrawal
     of any such order;

          (i)     in the case of a Shelf Registration, furnish to each Holder of
     Registrable Securities, without charge, at least one conformed copy of each
     Registration Statement and any post-effective amendment thereto (without
     documents incorporated therein by reference or exhibits thereto, unless
     requested);

          (j)     in the case of a Shelf Registration, cooperate with the
     selling Holders of Registrable Securities to facilitate the timely
     preparation and delivery of certificates representing Registrable
     Securities to be sold and not bearing any restrictive legends; and cause
     such Registrable Securities to be in such denominations (consistent with
     the provisions of the Indenture) and registered in such names as the
     selling Holders or the underwriters, if any, may reasonably request at
     least two business days prior to the closing of any sale of Registrable
     Securities;

                                     - 11 -
<Page>

          (k)     in the case of a Shelf Registration, upon the occurrence of
     any event or the discovery of any facts, each as contemplated by Section
     3(e)(vi) hereof, use its best efforts to prepare a supplement or
     post-effective amendment to a Registration Statement or the related
     Prospectus or any document incorporated therein by reference or file any
     other required document so that, as thereafter delivered to the purchasers
     of the Registrable Securities, such Prospectus will not contain at the time
     of such delivery any untrue statement of a material fact or omit to state a
     material fact necessary to make the statements therein, in light of the
     circumstances under which they were made, not misleading. The Company
     agrees to notify each Holder to suspend use of the Prospectus as promptly
     as practicable after the occurrence of such an event, and each Holder
     hereby agrees to suspend use of the Prospectus until the Company has
     amended or supplemented the Prospectus to correct such misstatement or
     omission. At such time as such public disclosure is otherwise made or the
     Company determines that such disclosure is not necessary, in each case to
     correct any misstatement of a material fact or to include any omitted
     material fact, the Company agrees promptly to notify each Holder of such
     determination and to furnish each Holder such numbers of copies of the
     Prospectus, as amended or supplemented, as such Holder may reasonably
     request;

          (l)     obtain a CUSIP number for all Exchange Securities, or
     Registrable Securities, as the case may be, not later than the effective
     date of a Registration Statement, and provide the Trustee with printed
     certificates for the Exchange Securities or the Registrable Securities, as
     the case may be, in a form eligible for deposit with the Depositary;

          (m)     (i) cause the Indenture to be qualified under the Trust
     Indenture Act of 1939, as amended (the "TIA"), in connection with the
     registration of the Exchange Securities, or Registrable Securities, as the
     case may be, (ii) cooperate with the Trustee and the Holders to effect such
     changes to the Indenture as may be required for the Indenture to be so
     qualified in accordance with the terms of the TIA and (iii) execute, and
     use its best efforts to cause the Trustee to execute, all documents as may
     be required to effect such changes, and all other forms and documents
     required to be filed with the SEC to enable the Indenture to be so
     qualified in a timely manner;

          (n)     in the case of a Shelf Registration, enter into agreements
     (including underwriting agreements) and take all other customary and
     appropriate actions (including those reasonably requested by the Majority
     Holders) in order to expedite or facilitate the disposition of such
     Registrable Securities and in such connection whether or not an
     underwriting agreement is entered into and whether or not the registration
     is an underwritten registration:

                  (i)    make such representations and warranties to the Holders
          of such Registrable Securities and the underwriters, if any, in form,
          substance and scope as are customarily made by issuers to underwriters
          in similar underwritten offerings as may be reasonably requested by
          them;

                                     - 12 -
<Page>

                  (ii)   obtain opinions of counsel to the Company and updates
          thereof (which counsel and opinions (in form, scope and substance)
          shall be reasonably satisfactory to the managing underwriters, if any,
          and the holders of a majority in principal amount of the Registrable
          Securities being sold) addressed to each selling Holder and the
          underwriters, if any, covering the matters customarily covered in
          opinions requested in sales of securities or underwritten offerings
          and such other matters as may be reasonably requested by such Holders
          and underwriters;

                  (iii)  obtain "cold comfort" letters and updates thereof from
          the Company's independent certified public accountants addressed to
          the underwriters, if any, and will use reasonable best efforts to have
          such letter addressed to the selling Holders of Registrable
          Securities, such letters to be in customary form and covering matters
          of the type customarily covered in "cold comfort" letters to
          underwriters in connection with similar underwritten offerings;

                  (iv)   enter into a securities sales agreement with the
          Holders and an agent of the Holders providing for, among other things,
          the appointment of such agent for the selling Holders for the purpose
          of soliciting purchases of Registrable Securities, which agreement
          shall be in form, substance and scope customary for similar offerings;

                  (v)    if an underwriting agreement is entered into, cause the
          same to set forth indemnification provisions and procedures
          substantially equivalent to the indemnification provisions and
          procedures set forth in Section 5 hereof with respect to the
          underwriters and all other parties to be indemnified pursuant to said
          Section; and

                  (vi)   deliver such documents and certificates as may be
          reasonably requested and as are customarily delivered in similar
          offerings.

     The above shall be done at (i) the effectiveness of such Registration
     Statement (and, if appropriate, each post-effective amendment thereto) and
     (ii) each closing under any underwriting or similar agreement as and to the
     extent required thereunder. In the case of any underwritten offering, the
     Company shall provide written notice to the Holders of all Registrable
     Securities of such underwritten offering at least 30 days prior to the
     filing of a prospectus supplement for such underwritten offering. Such
     notice shall (x) offer each such Holder the right to participate in such
     underwritten offering, (y) specify a date, which shall be no earlier than
     10 days following the date of such notice, by which such Holder must inform
     the Company of its intent to participate in such underwritten offering and
     (z) include the instructions such Holder must follow in order to
     participate in such underwritten offering;

                                     - 13 -
<Page>

          (o)     in the case of a Shelf Registration, make available for
     inspection by representatives of the Holders of the Registrable Securities
     and any underwriters participating in any disposition pursuant to a Shelf
     Registration Statement and any counsel or accountant retained by such
     Holders or underwriters, all financial and other records, pertinent
     corporate documents and properties of the Company reasonably requested by
     any such persons, and cause the respective officers, directors, employees,
     and any other agents of the Company to supply all information reasonably
     requested by any such representative, underwriter, special counsel or
     accountant in connection with a Registration Statement;

          (p)     (i) a reasonable time prior to the filing of any Exchange
     Offer Registration Statement, any Prospectus forming a part thereof, any
     amendment to an Exchange Offer Registration Statement or amendment or
     supplement to a Prospectus, provide copies of such document to the
     Purchasers, and make such changes in any such document prior to the filing
     thereof as any of the Purchasers or their counsel may reasonably request;
     (ii) in the case of a Shelf Registration, a reasonable time prior to filing
     any Shelf Registration Statement, any Prospectus forming a part thereof,
     any amendment to such Shelf Registration Statement or amendment or
     supplement to such Prospectus, provide copies of such document to the
     Holders of Registrable Securities, to the Purchasers, to counsel on behalf
     of the Holders and to the underwriter or underwriters of an underwritten
     offering of Registrable Securities, if any, and make such changes in any
     such document prior to the filing thereof as the Holders of Registrable
     Securities, the Purchasers on behalf of such Holders, their counsel and any
     underwriter may reasonably request; and (iii) cause the representatives of
     the Company to be available for discussion of such document as shall be
     reasonably requested by the Holders of Registrable Securities, the
     Purchasers on behalf of such Holders or any underwriter and shall not at
     any time make any filing of any such document of which such Holders, the
     Purchasers on behalf of such Holders, their counsel or any underwriter
     shall not have previously been advised and furnished a copy or to which
     such Holders, the Purchasers on behalf of such Holders, their counsel or
     any underwriter shall reasonably object;

          (q)     in the case of a Shelf Registration, use its best efforts to
     cause all Registrable Securities to be listed on any securities exchange on
     which similar debt securities issued by the Company are then listed if
     requested by the Majority Holders or by the underwriter or underwriters of
     an underwritten offering of Registrable Securities, if any;

          (r)     in the case of a Shelf Registration, use its best efforts to
     cause the Registrable Securities to be rated with the appropriate rating
     agencies, if so requested by the Majority Holders or by the underwriter or
     underwriters of an underwritten offering of Registrable Securities, if any,
     unless the Registrable Securities are already so rated;

          (s)     otherwise use its best efforts to comply with all applicable
     rules and regulations of the SEC and make available to its security
     holders, as soon as reasonably practicable, an earnings statement covering
     at least 12 months which shall satisfy the provisions of Section 11(a) of
     the 1933 Act and Rule 158 thereunder; and

                                     - 14 -
<Page>

          (t)     cooperate and assist in any filings required to be made with
     the NASD and in the performance of any due diligence investigation by any
     underwriter and its counsel.

          In the case of a Shelf Registration Statement, the Company may (as a
condition to such Holder's participation in the Shelf Registration) require each
Holder of Registrable Securities to furnish to the Company such information
regarding such Holder and the proposed distribution by such Holder of such
Registrable Securities as the Company may from time to time reasonably request
in writing.

          In the case of a Shelf Registration Statement, each Holder agrees
that, upon receipt of any notice from the Company of the happening of any event
or the discovery of any facts, each of the kind described in Section 3(e)(ii) -
(vi) hereof, such Holder will forthwith discontinue disposition of Registrable
Securities pursuant to a Registration Statement until such Holder's receipt of
the copies of the supplemented or amended Prospectus contemplated by
Section 3(k) hereof, and, if so directed by the Company, such Holder will
deliver to the Company (at its expense) all copies in its possession, other than
permanent file copies then in such Holder's possession, of the Prospectus
covering such Registrable Securities current at the time of receipt of such
notice. If the Company shall give any such notice to suspend the disposition of
Registrable Securities pursuant to a Shelf Registration Statement as a result of
the happening of any event or the discovery of any facts, each of the kind
described in Section 3(e)(vi) hereof, the Company shall be deemed to have used
its best efforts to keep the Shelf Registration Statement effective during such
period of suspension provided that the Company shall use its best efforts to
file and have declared effective (if an amendment) as soon as practicable an
amendment or supplement to the Shelf Registration Statement and shall extend the
period during which the Registration Statement shall be maintained effective
pursuant to this Agreement by the number of days during the period from and
including the date of the giving of such notice to and including the date when
the Holders shall have received copies of the supplemented or amended Prospectus
necessary to resume such dispositions.

          4.      UNDERWRITTEN REGISTRATIONS. If any of the Registrable
Securities covered by any Shelf Registration are to be sold in an underwritten
offering, the investment banker or investment bankers and manager or managers
that will manage the offering will be selected by the Majority Holders of such
Registrable Securities included in such offering and shall be reasonably
acceptable to the Company.

          No Holder of Registrable Securities may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell such
Holder's Registrable Securities on the basis provided in any underwriting
arrangements approved by the persons entitled hereunder to approve such
arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

          5.      INDEMNIFICATION AND CONTRIBUTION. (a) The Company agrees to
indemnify and hold harmless each Purchaser, each Holder, any Participating
Broker-Dealer, their respective affiliates, and the respective partners,
directors, officers, employees, agents and each Person, if

                                     - 15 -
<Page>

any, who controls any of such parties within the meaning of the 1933 Act or the
1934 Act (all such persons are referred to collectively as the "Indemnified
Parties"), from and against any losses, claims, damages or liabilities, joint or
several, or any actions in respect thereof (including, but not limited to, any
losses, claims, damages, liabilities or actions relating to purchases and sales
of the Securities, the Exchange Securities or Registrable Securities) to which
each Indemnified Party may become subject under the 1933 Act, the 1934 Act or
otherwise, insofar as such losses, claims, damages, liabilities or actions arise
out of or are based upon any untrue statement or alleged untrue statement of a
material fact contained in a Registration Statement or Prospectus or in any
amendment or supplement thereto or in any preliminary prospectus relating to a
Shelf Registration, or arise out of, or are based upon, the omission or alleged
omission to state therein a material fact required to be stated thereon or
necessary to make the statements therein not misleading, and shall reimburse, as
incurred, the Indemnified Parties for any legal or other expenses reasonably
incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action in respect thereof; provided, however, that
(i) the Company shall not be liable in any such case to the extent that such
loss, claim, damage or liability arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission made in a
Registration Statement or Prospectus or in any amendment or supplement thereto
or in any preliminary prospectus relating to a Shelf Registration in reliance
upon and in conformity with written information pertaining to such Holder and
furnished to the Company by or on behalf of such Holder specifically for
inclusion therein and (ii) with respect to any untrue statement or omission or
alleged untrue statement or omission made in any preliminary prospectus relating
to a Shelf Registration Statement, the indemnity agreement contained in this
subsection (a) shall not inure to the benefit of any Holder or Participating
Broker-Dealer from whom the person asserting any such losses, claims, damages or
liabilities purchased the Securities or Registrable Securities concerned, to the
extent that a prospectus relating to such Securities or Registrable Securities
was required to be delivered by such Holder or Participating Broker-Dealer under
the 1933 Act in connection with such purchase and any such loss, claim, damage
or liability of such Holder or Participating Broker-Dealer results from the fact
that there was not sent or given to such person, at or prior to the written
confirmation of the sale of such Securities or Registrable Securities to such
person, a copy of the final prospectus if the Company had previously furnished
copies thereof to such Holder or Participating Broker-Dealer; provided further,
however, that this indemnity agreement will be in addition to any liability
which the Company may otherwise have to such Indemnified Party. The Company
shall also indemnify underwriters, their officers and directors and each person
who controls such underwriters within the meaning of the 1933 Act or the 1934
Act to the same extent as provided above with respect to the indemnification of
the Holders of the Securities if requested by such Holders.

          (b)     In the event of a Shelf Registration Statement, each Holder,
severally and not jointly, will indemnify and hold harmless the Company, its
directors and officers and each person, if any, who controls the Company within
the meaning of the 1933 Act or the 1934 Act from and against any losses, claims,
damages or liabilities or any actions in respect thereof, to which the Company
or any such controlling person may become subject under the 1933 Act, the 1934
Act or otherwise, insofar as such losses, claims, damages, liabilities or
actions arise out of or are based upon any untrue statement or alleged untrue
statement of material fact contained in such Shelf Registration Statement or
prospectus forming a part thereof or in any amendment or

                                     - 16 -
<Page>

supplement thereto or in any preliminary prospectus relating to a Shelf
Registration, or arise out of or are based upon the omission or alleged omission
to state therein a material fact necessary to make the statements therein not
misleading, but in each case only to the extent that the untrue statement or
omission or alleged untrue statement or omission was made in reliance upon and
in conformity with written information pertaining to such Holder and furnished
to the Company by or on behalf of such Holder specifically for inclusion
therein; and, subject to the limitation set forth immediately preceding this
clause, shall reimburse, as incurred, the Company for any legal or other
expenses reasonably incurred by the Company or any such controlling person in
connection with investigating or defending any loss, claim, damage, liability or
action in respect thereof. This indemnity agreement will be in addition to any
liability which such Holder may otherwise have to the Company or any of its
controlling persons.

          (c)     Promptly after receipt by an indemnified party under this
Section 5 of notice of the commencement of any action or proceeding (including a
governmental investigation), such indemnified party will, if a claim in respect
thereof is to be made against the indemnifying party under this Section 5,
notify the indemnifying party of the commencement thereof; but the failure to
notify the indemnifying party shall not relieve the indemnifying party from any
liability that it may have under subsection (a) or (b) above except to the
extent that it has been materially prejudiced (through the forfeiture of
substantive rights or defenses) by such failure; and provided further that the
failure to notify the indemnifying party shall not relieve it from any liability
that it may have to an indemnified party otherwise than under subsection (a) or
(b) above. In case any such action is brought against any indemnified party, and
it notifies the indemnifying party of the commencement thereof, the indemnifying
party will be entitled to participate therein and, to the extent that it may
wish, jointly with any other indemnifying party similarly notified, to assume
the defense thereof, with counsel reasonably satisfactory to such indemnified
party (who shall not, except with the consent of the indemnified party, be
counsel to the indemnifying party), and after notice from the indemnifying party
to such indemnified party of its election so to assume the defense thereof the
indemnifying party will not be liable to such indemnified party under this
Section 5 for any legal or other expenses, other than reasonable costs of
investigation, subsequently incurred by such indemnified party in connection
with the defense thereof. In any such proceeding, any indemnified party shall
have the right to retain its own counsel, but the fees and expenses of such
counsel shall be at the expense of such indemnified party unless (i) the
indemnifying party and the indemnified party shall have mutually agreed in
writing to the contrary; (ii) the indemnifying party has failed within a
reasonable time after receiving notice of the commencement of the action to
retain counsel reasonably satisfactory to the indemnified party; (iii) the
indemnified party shall have reasonably concluded (based upon advice of counsel
to the indemnified party) that there may be legal defenses available to it that
are different from or in addition to those available to the indemnifying party;
or (iv) the named parties in any such proceeding (including any impleaded
parties) include both the indemnifying party and the indemnified party and
representation of both parties by the same counsel would (based upon advice of
counsel to the indemnified party) be inappropriate due to a conflict or
potential conflict between them. It is understood and agreed that the
indemnifying party shall not, in connection with any proceeding or related
proceeding in the same jurisdiction, be liable for the fees and expenses of more
than one separate firm (in addition to any local counsel) for all indemnified
parties, and that all such fees and expenses shall be reimbursed as they are
incurred. Any such separate firm for any Initial Purchaser, its affiliates,
directors and

                                     - 17 -
<Page>

officers and any control persons of such Initial Purchaser shall
be designated in writing by CS First Boston and any such separate firm for the
Company, their directors and officers and any control persons of the Company
shall be designated in writing by the Company. No indemnifying party shall,
without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party unless such settlement (i) includes
an unconditional release of such indemnified party from all liability on any
claims that are the subject matter of such action, and (ii) does not include a
statement as to or an admission of fault, culpability or a failure to act by or
on behalf of any indemnified party.

          (d)     If the indemnification provided for in this Section 5 is
unavailable or insufficient to hold harmless an indemnified party under
subsections (a) or (b) above, then each indemnifying party shall contribute to
the amount paid or payable by such indemnified party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to in
subsection (a) or (b) above (i) in such proportion as is appropriate to reflect
the relative benefits received by the indemnifying party or parties from the
offering and sale of the Securities on the one hand and the indemnified party
with respect to the sale by such Indemnified Party of Securities or Exchange
Securities on the other, pursuant to the Exchange Offer, or (ii) if the
allocation provided by the foregoing clause (i) is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i) above but also the relative fault of the
indemnifying party or parties on the one hand and the indemnified party on the
other in connection with the statements or omissions that resulted in such
losses, claims, damages or liabilities (or actions in respect thereof) as well
as any other relevant equitable considerations. The relative fault of the
parties shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company
on the one hand or such Holder or such other indemnified party, as the case may
be, on the other, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.
The amount paid by an indemnified party as a result of the losses, claims,
damages or liabilities referred to in the first sentence of this subsection (d)
shall be deemed to include any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any action
or claim which is the subject of this subsection (d). Notwithstanding the
provisions of this subsection (d), the Holders shall not be required to
contribute any amount in excess of the amount by which the net proceeds received
by such Holders from the sale of Exchange Securities or Registrable Securities
pursuant to a Registration Statement exceeds the amount of damages which such
Holders have otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this paragraph (d), each person, if any, who
controls such indemnified party within the meaning of the 1933 Act or the 1934
Act shall have the same rights to contribution as such indemnified party and
each person, if any, who controls the Company within the meaning of the 1933 Act
or the 1934 Act shall have the same rights to contribution as the Company.

                                     - 18 -
<Page>

          (e)     The agreements contained in this Section 5 shall survive the
sale of the Exchange Securities, Registrable Securities or Securities pursuant
to a Registration Statement and shall remain in full force and effect,
regardless of any termination or cancellation of this Agreement or any
investigation made by or on behalf of any indemnified party.

          6.      MISCELLANEOUS. (a) RULE 144 AND RULE 144A. For so long as the
Company is subject to the reporting requirements of Section 13 or 15 of the 1934
Act, the Company covenants that it will file the reports required to be filed by
it under the 1933 Act and Section 13(a) or 15(d) of the 1934 Act and the rules
and regulations adopted by the SEC thereunder, that if it ceases to be so
required to file such reports, it will upon the request of any Holder of
Registrable Securities (i) make publicly available such information as is
necessary to permit sales pursuant to Rule 144 under the 1933 Act, (ii) deliver
such information to a prospective purchaser as is necessary to permit sales
pursuant to Rule 144A under the 1933 Act and it will take such further action as
any Holder of Registrable Securities may reasonably request, and (iii) take such
further action that is reasonable in the circumstances, in each case, to the
extent required from time to time to enable such Holder to sell its Registrable
Securities without registration under the 1933 Act within the limitation of the
exemptions provided by (x) Rule 144 under the 1933 Act, as such Rule may be
amended from time to time, (y) Rule 144A under the 1993 Act, as such Rule may be
amended from time to time, or (z) any similar rules or regulations hereafter
adopted by the SEC. Upon the request of any Holder of Registrable Securities,
the Company will deliver to such Holder a written statement as to whether it has
complied with such requirements.

          (b)     NO INCONSISTENT AGREEMENTS. The Company has not entered into,
and the Company will not on or after the date of this Agreement enter into, any
agreement which is inconsistent with the rights granted to the Holders of
Registrable Securities in this Agreement or otherwise conflicts with the
provisions hereof. The rights granted to the Holders hereunder do not in any way
conflict with and are not inconsistent with the rights granted to the holders of
the Company's other issued and outstanding securities under any such agreements.

          (c)     AMENDMENTS AND WAIVERS. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given unless the Company has obtained the written consent of Holders
of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement,
waiver or departure; PROVIDED, HOWEVER, that no amendment, modification,
supplement or waiver or consent to any departure from the provisions of Section
5 hereof shall be effective as against any Holder of Registrable Securities
unless consented to in writing by such Holder.

          (d)     NOTICES. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, telex, telecopier, or any courier guaranteeing overnight
delivery (i) if to a Holder, at the most current address given by such Holder to
the Company by means of a notice given in accordance with the provisions of this
Section 6(d), which address initially is, with respect to a Purchaser, the
address set forth in the Purchase Agreement; and (ii) if to the Company,
initially at the Company's address set forth

                                     - 19 -
<Page>

in the Purchase Agreement and thereafter at such other address, notice of which
is given in accordance with the provisions of this Section 6(d).

          All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; five business
days after being deposited in the mail, postage prepaid, if mailed; when
answered back, if telexed; when receipt is acknowledged, if telecopied; and on
the next business day if timely delivered to an air courier guaranteeing
overnight delivery.

          Copies of all such notices, demands, or other communications shall be
concurrently delivered by the person giving the same to the Trustee, at the
address specified in the Indenture.

          (e)     SUCCESSORS AND ASSIGNS. This Agreement shall inure to the
benefit of and be binding upon the successors, assigns and transferees of each
of the parties, including, without limitation and without the need for an
express assignment, subsequent Holders; PROVIDED that nothing herein shall be
deemed to permit any assignment, transfer or other disposition of Registrable
Securities in violation of the terms hereof or of the Purchase Agreement or the
Indenture. If any transferee of any Holder shall acquire Registrable Securities,
in any manner, whether by operation of law or otherwise, such Registrable
Securities shall be held subject to all of the terms of this Agreement, and by
taking and holding such Registrable Securities, such Person shall be
conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement, including the restrictions on resale set
forth in this Agreement and, if applicable, the Purchase Agreement, and such
Person shall be entitled to receive the benefits hereof.

          (f)     THIRD PARTY BENEFICIARY. The Purchasers shall be third party
beneficiaries to the agreements made hereunder between the Company, on the one
hand, and the Holders, on the other hand, and shall have the right to enforce
such agreements directly to the extent it deems such enforcement necessary or
advisable to protect its rights or the rights of Holders hereunder.

          (g)     COUNTERPARTS. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

          (h)     HEADINGS. The headings in this Agreement are for convenience
of reference only and shall not limit or otherwise affect the meaning hereof.

          (i)     GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          (j)     SEVERABILITY. In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is
held invalid, illegal or unenforceable,

                                     - 20 -
<Page>

the validity, legality and enforceability of any such provision in every other
respect and of the remaining provisions contained herein shall not be affected
or impaired thereby.

                                     - 21 -
<Page>

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

                         BE AEROSPACE, INC.

                         By:  /s/ Thomas P. McCaffrey
                             ----------------------------
                             Name: Thomas P. McCaffrey
                             Title: Corporate Senior Vice President of
                                    Administration and Chief Financial Officer

                                     - 22 -
<Page>

Confirmed and accepted as of
 the date first above
 written:

Credit Suisse First Boston LLC
J.P. Morgan Securities Inc.
Jefferies/Quarterdeck, LLC and Jefferies & Company, Inc.
Stephens Inc.

By:  Credit Suisse First Boston LLC

By:   /s/ Jared C. Felt
     ---------------------------------
     Name: Jared C. Felt
     Title: Director

                                     - 23 -

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