Document:

Exhibit 10.1

                               CONMED CORPORATION
                               ------------------

                          REGISTRATION RIGHTS AGREEMENT

November 10, 2004

<PAGE>

                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

            THIS  REGISTRATION  RIGHTS  AGREEMENT (the  "Agreement") is made and
entered into as of November 10, 2004, by and between CONMED  Corporation,  a New
York  corporation  (the  "Company"),  and UBS  Securities  LLC, on behalf of the
several Initial  Purchasers  (collectively,  the "Initial  Purchasers") named in
that  certain  Purchase  Agreement,   dated  November  5,  2004  (the  "Purchase
Agreement"), between the Company and the Initial Purchasers.

            In order to induce the Initial Purchasers to enter into the Purchase
Agreement,  the Company has agreed to provide the registration  rights set forth
in this Agreement. The execution of this Agreement is a condition to the closing
under  the  Purchase   Agreement.   The  terms  "herein,"   "hereof,"  "hereto,"
"hereinafter"  and similar terms, as used in this Agreement,  shall in each case
refer to this Agreement as a whole and not to any particular section, paragraph,
sentence or other subdivision of this Agreement.

            The Company agrees with the Initial Purchasers (i) for their benefit
as  Initial  Purchasers  and  (ii)  for the  benefit  of the  beneficial  owners
(including the Initial  Purchasers) from time to time of the Covered  Securities
(as  defined  herein)  (each of the  foregoing  a "Holder"  and,  together,  the
"Holders"), as follows:

      1.  Definitions.  Capitalized  terms used herein without  definition shall
      have the  respective  meanings set forth in, as  applicable,  the Purchase
      Agreement  or the  Indenture,  dated as of the date  hereof,  between  the
      Company and the Trustee (the "Indenture"), pursuant to which the Notes are
      being issued.  As used in this  Agreement,  the following terms shall have
      the following meanings:

      (a) "Additional Filing Deadline Date" has the meaning set forth in Section
      2(e) hereof.

      (b)  "additional  interest"  has the  meaning  set forth in  Section  2(e)
      hereof.

      (c)  "Additional  Interest  Accrual  Period"  has the meaning set forth in
      Section 2(e) hereof.

      (d) "Additional Interest Amount" has the meaning set forth in Section 2(e)
      hereof.

      (e) "Additional  Interest  Payment Date" means each May 15 and November 15
      of each year.

      (f) "Business  Day" means each day on which the New York Stock Exchange is
      open for trading.

                                      -1-
<PAGE>

      (g) "Common  Stock" means the shares of common stock,  $0.01 par value per
      share,  of the  Company  and any  other  shares  of  capital  stock as may
      constitute  "Common  Stock" for purposes of the  Indenture,  including the
      Underlying Common Stock.

      (h) "Covered Security" has the meaning set forth in Section 1(ii) hereof.

      (i) "Designated Counsel" has the meaning set forth in Section 3(c) hereof.

      (j)  "Effectiveness  Deadline  Date" has the  meaning set forth in Section
      2(a) hereof.

      (k)  "Effectiveness  Period" means a period that terminates when there are
      no Registrable Securities outstanding.

      (l) "Event" has the meaning set forth in Section 2(e) hereof.

      (m) "Event Date" has the meaning set forth in Section 2(e) hereof.

      (n)  "Filing  Deadline  Date" has the  meaning  set forth in Section  2(a)
      hereof.

      (o)  "Form  S-3"  means a  Registration  Statement  on Form S-3  under the
      Securities Act.

      (p) "Holder" has the meaning set forth in the preamble hereof.

      (q) "Holder Information" has the meaning set forth in Section 6(b) hereof.

      (r) "Indemnified Party" has the meaning set forth in Section 6(c) hereof.

      (s) "Indemnifying Party" has the meaning set forth in Section 6(c) hereof.

      (t) "Indenture" has the meaning set forth in the preamble hereof.

      (u) "Initial Purchasers" has the meaning set forth in the preamble hereof.

      (v) "Initial  Shelf  Registration  Statement" has the meaning set forth in
      Section 2(a) hereof.

      (w) "Issue Date" means November 10, 2004.

      (x)  "Managing  Underwriters"  has the meaning  set forth in Section  8(a)
      hereof.

      (y) "Material Event" has the meaning set forth in Section 3(i) hereof.

      (z) "NASD Rules" has the meaning set forth in Section 3(r) hereof.

                                      -2-
<PAGE>

      (aa) "Notes" means the 2.50%  Convertible  Senior  Subordinated  Notes due
2024 of the Company to be purchased pursuant to the Purchase Agreement.

      (bb) "Notice and Questionnaire" means a written  questionnaire  containing
substantially the information  called for by the Selling  Securityholder  Notice
and Questionnaire attached as Annex A to the Offering Memorandum of the Company,
dated November 5, 2004, relating to the Notes.

      (cc) "Notice Holder" means, on a given date, any Holder that has delivered
a properly  completed and executed Notice and Questionnaire to the Company on or
prior to such date,  provided not all of such  Holder's  Registrable  Securities
that have been registered for resale pursuant to a Notice and Questionnaire have
been  sold in  accordance  with a  Shelf  Registration  and  provided  that  the
information in such Notice and Questionnaire shall not, in any material respect,
be incomplete, misleading or incorrect.

      (dd) "Proceeding" has the meaning set forth in Section 6(c) hereof.

      (ee) "Prospectus" means the prospectus  included in any Shelf Registration
Statement   (including,   without   limitation,   a  prospectus  that  discloses
information  previously  omitted from a prospectus filed as part of an effective
registration  statement in reliance  upon Rule 415 under the Act), as amended or
supplemented by any amendment or prospectus supplement, including post-effective
amendments,  and  all  materials  incorporated  by  reference  or  deemed  to be
incorporated by reference in such Prospectus.

      (ff)  "Purchase  Agreement"  has the  meaning  set  forth in the  preamble
hereof.

      (gg)  "Record  Date"  means,  (i) May 1,  with  respect  to an  Additional
Interest Payment Date that occurs on May 15 and (ii) November 1, with respect to
an Additional Interest Payment Date that occurs on November 15.

      (hh) "Record Holder" means, with respect to an Additional Interest Payment
Date relating to a Registrable Security for which any Additional Interest Amount
has accrued,  a Notice Holder that was the holder of record of such  Registrable
Security at the close of business on the Record Date relating to such Additional
Interest Payment Date.

      (ii) "Registrable  Securities" means the Notes, until such Notes have been
converted into the Underlying  Common Stock,  and, at all times,  the Underlying
Common Stock and any securities into or for which such  Underlying  Common Stock
has been converted or exchanged,  and any security  issued with respect  thereto
upon any stock  dividend,  split or  similar  event  (each of the  foregoing,  a
"Covered Security") until, in the case of any such security, the earliest of:

            (i) the date on which such security has been effectively  registered
      under  the  Act  and  disposed  of in  accordance  with  the  Registration
      Statement relating thereto;

            (ii)  the  date  on  which  such  security  may  be  resold  without
      restriction pursuant to Rule 144(k) or any successor provision thereto; or

                                      -3-
<PAGE>

            (iii)  the date on  which  such  security  has  been  publicly  sold
      pursuant to Rule 144 or any successor provision thereto.

      (jj)  "Registration  Expenses"  has the  meaning  set  forth in  Section 5
hereof.

      (kk) "Registration Statement" means any registration statement,  under the
Securities  Act, of the Company  that covers any of the  Registrable  Securities
pursuant to this Agreement, including the Prospectus, amendments and supplements
to  such  registration  statement,   including  post-effective  amendments,  all
exhibits  and  all  materials   incorporated   by  reference  or  deemed  to  be
incorporated by reference in such registration statement,  Prospectus, amendment
or supplement.

      (ll) "Rule 144" means Rule 144 under the Act,  as such Rule may be amended
from time to time,  or any similar rule or regulation  hereafter  adopted by the
Commission.

      (mm) "Shelf  Registration  Statement" means the Initial Shelf Registration
Statement and any Subsequent Shelf Registration Statement.

      (nn) "Subsequent Effectiveness Deadline Date" has the meaning set forth in
Section 2(d) hereof.

      (oo) "Subsequent Shelf  Registration  Statement" has the meaning set forth
in Section 2(b) hereof.

      (pp) "Suspension Notice" has the meaning set forth in Section 3(i) hereof.

      (qq) "Suspension Period" has the meaning set forth in Section 3(i) hereof.

      (rr) "TIA" means the Trust Indenture Act of 1939, as amended.

      (ss)  "Trustee"  means  The  Bank  of New  York,  the  trustee  under  the
Indenture.

      (tt)  "Underlying  Common  Stock"  means the Common  Stock  issuable  upon
conversion of the Notes.

      2. Shelf Registration.

      (a) The Company shall prepare and file, or cause to be prepared and filed,
with the  Commission,  by the date (the "Filing  Deadline  Date") that is ninety
(90) days after the Issue Date, a  Registration  Statement  (the "Initial  Shelf
Registration  Statement")  for an offering to be made on a delayed or continuous
basis  pursuant  to Rule 415 under the Act  registering  the resale from time to
time  by  Holders  thereof  of  all  of  the  Registrable   Securities  (or,  if
registration  of  Registrable  Securities  not  held by  Notice  Holders  is not
permitted by the rules and regulations of the Commission,  then  registering the
resale from time to time by Notice Holders of their Registrable Securities). The
Initial Shelf Registration Statement shall be on Form S-3 or another appropriate
form and shall provide for the registration of such  Registrable  Securities for
resale by such Holders in accordance with any method of distribution  elected by
the Holders.  The Company shall use its commercially  reasonable best efforts to
(i) cause the Initial Shelf

                                      -4-
<PAGE>

Registration  Statement  to  become  effective  under  the  Act as  promptly  as
practicable  but in any event by the date (the  "Effectiveness  Deadline  Date")
that is two  hundred  and ten (210)  days after the Issue Date and (ii) keep the
Initial Shelf  Registration  Statement  (and any Subsequent  Shelf  Registration
Statement)  continuously  effective  under the Act until the  expiration  of the
Effectiveness  Period.  At the time the  Initial  Shelf  Registration  Statement
becomes  effective  under the Act, each Holder that became a Notice Holder prior
to the date of such effectiveness shall be named as a selling  securityholder in
the Initial Shelf  Registration  Statement and the related  Prospectus in such a
manner as to permit such Holder to deliver  such  Prospectus  to  purchasers  of
Registrable Securities in accordance with applicable law.

      (b) If any Shelf  Registration  Statement ceases to be effective under the
Act for any reason at any time  during the  Effectiveness  Period,  the  Company
shall use its commercially  reasonable best efforts to promptly cause such Shelf
Registration  Statement to become  effective under the Act (including  obtaining
the prompt  withdrawal of any order  suspending the  effectiveness of such Shelf
Registration  Statement),  and  in  any  event  shall,  as  soon  as  reasonably
practicable,  (i) amend such Shelf Registration Statement in a manner reasonably
expected to obtain the withdrawal of any order  suspending the  effectiveness of
such  Shelf  Registration  Statement  or (ii)  file an  additional  Registration
Statement (a "Subsequent  Shelf  Registration  Statement") for an offering to be
made  on a  delayed  or  continuous  basis  pursuant  to  Rule  415 of  the  Act
registering  the resale from time to time by Holders  thereof of all  securities
that  are  Registrable  Securities  as of  the  time  of  such  filing  (or,  if
registration  of  Registrable  Securities  not  held by  Notice  Holders  is not
permitted by the rules and regulations of the Commission,  then  registering the
resale  from  time to time by  Notice  Holders  of  their  securities  that  are
Registrable  Securities  as of the time of such filing).  If a Subsequent  Shelf
Registration  Statement  is  filed,  the  Company  shall  use  its  commercially
reasonable  best  efforts  to  (A)  cause  such  Subsequent  Shelf  Registration
Statement to become  effective  under the Act as promptly as  practicable  after
such filing,  but in no event later than the Subsequent  Effectiveness  Deadline
Date and (B) keep such  Subsequent  Shelf  Registration  Statement  (or  another
Subsequent Shelf Registration Statement) continuously effective until the end of
the Effectiveness Period. Any such Subsequent Shelf Registration Statement shall
be  on  Form  S-3  or  another  appropriate  form  and  shall  provide  for  the
registration  of such  Registrable  Securities  for  resale by such  Holders  in
accordance with any reasonable method of distribution elected by the Holders.

      (c)  The  Company  shall  supplement  and  amend  any  Shelf  Registration
Statement if required by the rules,  regulations or  instructions  applicable to
the registration form used by the Company for such Shelf Registration Statement,
if required by the Act or as reasonably  requested by the Initial  Purchasers or
by the Trustee on behalf of the Holders of the Registrable Securities covered by
such Shelf Registration Statement.

      (d)

            (i) Each  Holder of  Registrable  Securities  agrees  that,  if such
      Holder  wishes  to  sell  Registrable   Securities  pursuant  to  a  Shelf
      Registration  Statement  and  related  Prospectus,  it  will do so only in
      accordance  with  this  Section  2(d) and  Section  3(i).  Each  Holder of
      Registrable  Securities wishing to sell Registrable Securities pursuant to
      a Shelf Registration  Statement and related Prospectus agrees to deliver a
      completed and executed  Notice and  Questionnaire  to the Company prior to
      any attempted or actual distribution of

                                      -5-
<PAGE>

      Registrable Securities under a Shelf Registration  Statement.  If a Holder
      becomes  a  Notice   Holder  on  or  after  the  date  the  Initial  Shelf
      Registration Statement becomes effective under the Act, the Company shall,
      as promptly  as  practicable  after the date such  Holder  became a Notice
      Holder, and in any event, subject to clause (B) below, within the later of
      (x) thirty  (30)  calendar  days after such date or (y) ten (10)  Business
      Days after the expiration of any  Suspension  Period that either (I) is in
      effect when such Holder  became a Notice Holder or (II) is put into effect
      within  thirty  (30)  calendar  days after the date such  Holder  became a
      Notice Holder,

                  (A) if required by applicable  law, file with the Commission a
            supplement to the related  Prospectus or a post-effective  amendment
            to the  Shelf  Registration  Statement  or file a  Subsequent  Shelf
            Registration  Statement and any necessary supplement or amendment to
            any document  incorporated  therein by reference  and file any other
            required  document with the Commission so that such Notice Holder is
            named as a selling  securityholder in a Shelf Registration Statement
            and the related Prospectus in such a manner as to permit such Notice
            Holder to deliver a  Prospectus  to  purchasers  of the  Registrable
            Securities in accordance  with applicable  law;  provided,  however,
            that,  if  a   post-effective   amendment  or  a  Subsequent   Shelf
            Registration  Statement is required by the rules and  regulations of
            the Commission in order to permit resales by such Notice Holder, the
            Company   shall  not  be   required   to  file  more  than  one  (1)
            post-effective  amendment or Subsequent Shelf Registration Statement
            for such purpose in any ninety (90) day period;

                  (B) if the Company shall have filed a post-effective amendment
            to the Shelf  Registration  Statement  or filed a  Subsequent  Shelf
            Registration  Statement,  the  Company  shall  use its  commercially
            reasonable  best efforts to cause such  post-effective  amendment or
            Subsequent  Shelf  Registration  Statement,  as the case may be,  to
            become  effective under the Act as promptly as  practicable,  but in
            any event by the date (the "Subsequent Effectiveness Deadline Date")
            that  is  ninety  (90)  days  after  the  date  such  post-effective
            amendment or Subsequent Shelf  Registration  Statement,  as the case
            may be,  is  required  by this  Section  2(d) to be  filed  with the
            Commission;

                  (C) the Company  shall provide such Notice Holder a reasonable
            number of copies  of any  documents  filed  pursuant  to clause  (A)
            above;

                  (D) the Company shall notify such Notice Holder as promptly as
            practicable   after   the   effectiveness   under  the  Act  of  any
            post-effective  amendment or Subsequent Shelf Registration Statement
            filed pursuant to clause (A) above;

                  (E) if such Holder  became a Notice Holder during a Suspension
            Period, or a Suspension Period is put into effect within thirty (30)
            calendar days after the date such Holder became a Notice Holder, the
            Company  shall so inform  such  Notice  Holder  and  shall  take the
            actions set forth in clauses (A),  (B), (C) and (D) above within ten
            (10) Business Days after  expiration  of such  Suspension  Period in
            accordance with Section 3(i); and

                                      -6-
<PAGE>

                  (F) if,  under  applicable  law, the Company has more than one
            option  as to the type or  manner of  making  any such  filing,  the
            Company  shall make the required  filing or filings in the manner or
            of a type that is  reasonably  expected  to  result in the  earliest
            availability  of a Prospectus  for effecting  resales of Registrable
            Securities.

            (ii) Notwithstanding  anything contained herein to the contrary, the
            Company  shall be under no obligation to name any Holder that is not
            a  Notice   Holder  as  a  selling   securityholder   in  any  Shelf
            Registration  Statement or related  Prospectus;  provided,  however,
            that any Holder that  becomes a Notice  Holder  (regardless  of when
            such  Holder  became a Notice  Holder)  shall be named as a  selling
            securityholder  in  a  Shelf   Registration   Statement  or  related
            Prospectus in accordance with the  requirements of this Section 2(d)
            or Section 2(a), as applicable.

      (e) The parties  hereto agree that the Holders of  Registrable  Securities
will suffer  damages,  and that it would not be feasible to ascertain the extent
of such damages with precision, if

            (i)   the Initial  Shelf  Registration  Statement has not been filed
                  with the Commission on or prior to the Filing Deadline Date;

            (ii)  the  Initial  Shelf  Registration  Statement  has  not  become
                  effective  under  the  Securities  Act  on  or  prior  to  the
                  Effectiveness Deadline Date;

            (iii) either  a  supplement  to  a  Prospectus,   a   post-effective
                  amendment  or a  Subsequent  Shelf  Registration  Statement is
                  required to be filed with the Commission and fails to be filed
                  with the Commission  within the  prescribed  period and in the
                  manner  set forth in  Section  2(d)  (the date such  filing is
                  required  to be made  being  an  "Additional  Filing  Deadline
                  Date")  or,  in the case of a  post-effective  amendment  or a
                  Subsequent Shelf Registration  Statement,  such post-effective
                  amendment or Subsequent Registration Statement does not become
                  effective   under  the  Act  by  the   applicable   Subsequent
                  Effectiveness Deadline Date;

            (iv)  the Initial  Shelf  Registration  Statement or any  Subsequent
                  Registration  Statement  is  filed  with  the  Commission  and
                  becomes  effective under the Act but shall thereafter cease to
                  be effective  (without being  succeeded by a new  Registration
                  Statement that is filed and becomes  effective  under the Act)
                  or usable for the offer and sale of Registrable  Securities in
                  the manner contemplated by this Agreement for a period of time
                  (including   any   Suspension   Period)   which  shall  exceed
                  forty-five  (45) days in the  aggregate in any three (3) month
                  period or ninety (90) days in the aggregate in any twelve (12)
                  month period; or

            (v)   any Registration  Statement or amendment thereto,  at the time
                  it becomes effective under the Act, or any Prospectus relating
                  thereto, at the time it is

                                      -7-
<PAGE>

                  filed  with  the  Commission  or,  if  later,  at the time the
                  Registration   Statement  to  which  such  Prospectus  relates
                  becomes  effective  under  the Act,  shall  fail to name  each
                  Holder  as a  selling  securityholder  in such a manner  as to
                  permit such Holder to sell its Registrable Securities pursuant
                  to such  Registration  Statement and  Prospectus in accordance
                  with  applicable  law, which Holder was entitled,  pursuant to
                  the  terms  of  this  Agreement,  to be  so  named  (it  being
                  understood that, without  limitation,  naming such Holder in a
                  manner that permits such Holder to sell only a portion of such
                  Holder's  Registrable  Securities  referenced in such Holder's
                  Notice and Questionnaire  shall be deemed to be an "Event" (as
                  defined below) for purposes of this clause (v)).

Each of the events of a type described in any of the foregoing clauses (i)
through (v) are individually referred to herein as an "Event," and

                  (V) the Filing Deadline Date, in the case of clause (i) above,

                  (W) the  Effectiveness  Deadline  Date,  in the case of clause
            (ii) above,

                  (X) the  Additional  Filing  Deadline  Date or the  Subsequent
            Effectiveness  Deadline  Date,  as the case  may be,  in the case of
            clause (iii) above,

                  (Y) the date on which the duration of the  ineffectiveness  or
            unusability of the Shelf  Registration  Statement exceeds the number
            of days  permitted by clause (iv) above,  in the case of clause (iv)
            above, and

                  (Z)  the  date  the  applicable   Registration   Statement  or
            amendment  thereto shall become effective under the Act, or the date
            the applicable Prospectus is filed with the Commission or, if later,
            the time the Registration Statement to which such Prospectus relates
            becomes  effective  under the Securities Act, as the case may be, in
            the case of clause  (v) above,  are each  herein  referred  to as an
            "Event Date." Events shall be deemed to continue until the following
            dates with respect to the respective types of Events:

                  (A) the date the Initial Shelf Registration Statement is filed
            with the  Commission,  in the case of an Event of the type described
            in clause (i) above;

                  (B) the date the Initial Shelf Registration  Statement becomes
            effective  under the Securities  Act, in the case of an Event of the
            type described in clause (ii) above;

                  (C) the date a supplement  to a Prospectus,  a  post-effective
            amendment or a Subsequent Shelf Registration Statement, whichever is
            required, is filed with the Commission (in the case of a supplement)
            or becomes  effective under the Act (in the case of a post-effective
            amendment or a Subsequent Shelf Registration Statement), in the case
            of an Event of the type described in clause (iii) above;

                                      -8-
<PAGE>

                  (D) the date the Initial Shelf  Registration  Statement or the
            Subsequent Shelf Registration Statement, as the case may be, becomes
            effective and usable  again,  or the date another  Subsequent  Shelf
            Registration  Statement  is filed with the  Commission  pursuant  to
            Section 2(b) and becomes  effective,  in the case of an Event of the
            type described in clause (iv) above; or

                  (E) the date a supplement to the  Prospectus is filed with the
            Commission,   or  the  date  a   post-effective   amendment  to  the
            Registration  Statement becomes effective under the Act, or the date
            a Subsequent Shelf  Registration  Statement  becomes effective under
            the Act, which  supplement,  post-effective  amendment or Subsequent
            Shelf Registration  Statement,  as the case may be, names as selling
            securityholders,  in such a manner as to permit  them to sell  their
            Registrable  Securities  pursuant to the Registration  Statement and
            Prospectus supplement in accordance with applicable law, all Holders
            entitled as herein  provided to be so named, in the case of an Event
            of the type described in clause (v) above.

      Accordingly,  commencing on (and  including)  any Event Date and ending on
      (but  excluding)  the next date on which  there  are no  Events  that have
      occurred and are continuing (an "Additional Interest Accrual Period"), the
      Company agrees to pay, as additional interest ("additional  interest") and
      not as a penalty, an amount (the "Additional Interest Amount") at the rate
      described below,  payable periodically on each Additional Interest Payment
      Date to  Record  Holders  of  Notes,  to the  extent  of,  for  each  such
      Additional  Interest Payment Date, the unpaid  Additional  Interest Amount
      that has accrued to (but excluding) such Additional  Interest Payment Date
      (or, if the Additional  Interest  Accrual Period shall have ended prior to
      such Additional  Interest Payment Date, the day immediately after the last
      day of such Additional Interest Accrual Period);  provided,  however, that
      any unpaid Additional Interest Amount that has accrued with respect to any
      Note, or portion  thereof,  called for Redemption on a Redemption Date, or
      purchased by the Company  pursuant to a Repurchase  at Holder's  Option or
      Repurchase Upon Repurchase  Event on an Option Purchase Date or Repurchase
      Date,  as the case may be,  that is after  the  close of  business  on the
      Record Date relating to such Additional  Interest  Payment Date and before
      such  Additional  Interest  Payment Date,  shall, in each case, be instead
      paid, on such Redemption Date, Option Purchase Date or Repurchase Date, as
      the case may be, to the Holder who submitted such Note or portion  thereof
      for   Redemption,   Repurchase  at  Holder's  Option  or  Repurchase  Upon
      Repurchase Event, as the case may be.

      The Additional  Interest  Amount shall accrue at a rate per annum equal to
      one  quarter  of one  percent  (0.25%)  for the  ninety  (90)  day  period
      beginning on, and including, Event Date and thereafter at a rate per annum
      equal to one half of one percent (0.50%) of the aggregate principal amount
      of the Notes of which such Record  Holders of Notes were holders of record
      at the close of business on the applicable Record Date; provided, however,
      that:

                                      -9-
<PAGE>

                  (I)  unless  there  shall be a default  in the  payment of any
            Additional  Interest  Amount,  no Additional  Interest Amounts shall
            accrue as to any Note from and  after  the  earlier  of (x) the date
            such Note is no longer a Registrable Security,  (y) the date, and to
            the extent,  such Note is  converted  into cash and, if  applicable,
            shares of Common Stock in accordance  with the Indenture and (z) the
            expiration of the Effectiveness Period;

                  (II) only  those  Holders  (or their  subsequent  transferees)
            failing  to be  named  as  selling  securityholders  in  the  manner
            prescribed in Section 2(e)(v) above shall be entitled to receive any
            Additional Interest Amounts that have accrued solely with respect to
            an Event of the type  described in Section  2(e)(v)  above (it being
            understood  that this  clause (II) shall not impair any right of any
            Holder to receive Additional Interest Amounts that have accrued with
            respect  to an Event  other than an Event of the type  described  in
            Section 2(e)(v) above);

                  (III) only those  Holders  (or their  subsequent  transferees)
            whose  delivery  of a  Notice  and  Questionnaire  gave  rise to the
            obligation of the Company, pursuant to Section 2(d)(i), to file and,
            if  applicable,   make  effective  under  the  Act  the  supplement,
            post-effective  amendment or Subsequent Shelf Registration Statement
            referred to in Section  2(e)(iii) above shall be entitled to receive
            any  Additional  Interest  Amounts  that have  accrued  solely  with
            respect to an Event of the type described in Section 2(e)(iii) above
            (it being  understood  that this  clause  (III) shall not impair any
            right of any Holder to receive Additional Interest Amounts that have
            accrued  with  respect  to an Event  other than an Event of the type
            described in Section 2(e)(iii) above); and

                  (IV) if a Note ceases to be  outstanding  during an Additional
            Interest  Accrual  Period for which an  Additional  Interest  Amount
            would be payable  with  respect to such  Note,  then the  Additional
            Interest Amount payable hereunder with respect to such Note shall be
            prorated  on the  basis of the  number  of full  days  such  Note is
            outstanding during such Additional Interest Amount.

      The rate of accrual of the Additional  Interest Amount with respect to any
      period  shall  not  exceed  the rate  provided  for in this  Section  2(e)
      notwithstanding  the occurrence of multiple  concurrent Events.  Following
      the cure of all Events  requiring the payment by the Company of Additional
      Interest  Amounts to the Holders of Notes  pursuant to this  Section,  the
      accrual of Additional  Interest  Amounts  shall cease  (without in any way
      limiting  the effect of any  subsequent  Event  requiring  the  payment of
      Additional   Interest  Amounts  by  the  Company).   All  installments  of
      Additional  Interest  shall  be paid in the same  manner  as  payments  of
      interest pursuant to the Indenture.

      All of the Company's  obligations  set forth in this Section 2(e) that are
      outstanding  with  respect to any  Registrable  Security  at the time such
      Registrable  Security  ceases to be a Registrable  Security  shall survive
      until such time as all such obligations with respect to such security have
      been  satisfied in full  (notwithstanding  termination  of this  Agreement
      pursuant to Section 9(n)).

                                      -10-
<PAGE>

      The parties hereto agree that the additional interest provided for in this
      Section 2(e)  constitutes a reasonable  estimate of the damages in respect
      of  Covered  Securities  that may be  incurred  by Holders by reason of an
      Event relating to such Covered Securities,  including, without limitation,
      the  failure  of a  Shelf  Registration  Statement  to  be  filed,  become
      effective  under the Act,  amended or replaced to include the names of all
      Notice   Holders  or  available  for  effecting   resales  of  Registrable
      Securities  in  accordance  with the  provisions  hereof and therefore the
      payment of the additional interest provided for in this Section 2(e) shall
      constitute  a Holder's  sole and  exclusive  monetary  remedy for any such
      failure (in  addition to any rights  Holders may have  pursuant to Section
      6).

      If any  Additional  Interest  Amounts are not paid when due,  then, to the
      extent permitted by law, such overdue Additional Interest Amounts, if any,
      shall bear interest,  compounded semi-annually,  until paid at the rate of
      interest  payable with respect to overdue amounts on the Notes pursuant to
      Section 2.12 of the Indenture.

            (f)   The Trustee shall be entitled,  on behalf of Holders,  to seek
                  any available  remedy for the  enforcement of this  Agreement,
                  including for the payment of any Additional Interest Amount.

      3.   Registration   Procedures.   In  connection  with  the   registration
obligations of the Company under Section 2 hereof, the Company shall:

            (a)  Prepare  and file  with  the  Commission  a Shelf  Registration
Statement on Form S-3 or any other  appropriate form under the Act available for
the sale of the Registrable Securities by the Holders thereof in accordance with
the intended method or methods of distribution thereof, and use its commercially
reasonable  best  efforts  to cause each such Shelf  Registration  Statement  to
become  effective  under the Act and remain  effective under the Act as provided
herein;  provided,  that,  before  filing any Shelf  Registration  Statement  or
Prospectus or any amendments or  supplements  thereto with the  Commission,  the
Company  shall  furnish to the  Initial  Purchasers  and counsel for the Initial
Purchasers (or, if applicable,  separate  counsel for the Record Holders) copies
of all such  documents  proposed to be filed and  reflect in each such  document
when so filed with the  Commission  such  comments as the Initial  Purchasers or
such  counsel  reasonably  shall  propose  within two (2)  Business  Days of the
delivery of such copies to the Initial Purchasers and such counsel.

            (b)  Prepare  and  file  with the  Commission  such  amendments  and
post-effective  amendments  to  each  Shelf  Registration  Statement  as  may be
necessary  to  keep  such  Shelf  Registration  Statement  or  Subsequent  Shelf
Registration  Statement  continuously  effective  until  the  expiration  of the
Effectiveness  Period;  cause the related  Prospectus to be  supplemented by any
required  Prospectus  supplement and, as so  supplemented,  to be filed with the
Commission  pursuant to Rule 424 (or any similar provisions then in force) under
the Act; and comply with the provisions of the Act applicable to it with respect
to  the  disposition  of all  securities  covered  by  each  Shelf  Registration
Statement  during  the  Effectiveness  Period in  accordance  with the  intended
methods  of  disposition  by  the  sellers  thereof  set  forth  in  such  Shelf
Registration Statement as so amended or such Prospectus as so supplemented.

                                      -11-
<PAGE>

            (c) As promptly as  practicable,  give notice to the Notice Holders,
UBS  Securities  LLC and, if  designated,  one separate  counsel  designated  in
writing to the  Company by Holders of a majority of the  Registrable  Securities
("Designated Counsel"):

                  (i)  when  any  Prospectus,   Prospectus   supplement,   Shelf
            Registration  Statement  or  post-effective  amendment  to  a  Shelf
            Registration  Statement has been filed with the Commission and, with
            respect  to a Shelf  Registration  Statement  or any  post-effective
            amendment, when the same has become effective under the Act,

                  (ii) of any request,  following the  effectiveness  of a Shelf
            Registration Statement under the Act, by the Commission or any other
            governmental  authority for  amendments or supplements to such Shelf
            Registration  Statement or the related  Prospectus or for additional
            information,

                  (iii)  of  the  issuance  by  the   Commission  or  any  other
            governmental   authority   of  any   stop   order   suspending   the
            effectiveness of any Shelf Registration  Statement or the initiation
            or threatening of any proceedings for that purpose,

                  (iv) of the receipt by the Company or its legal counsel of any
            notification  with respect to the suspension of the qualification or
            exemption from  qualification  of any of the Registrable  Securities
            for sale in any jurisdiction or the initiation or threatening of any
            proceeding for such purpose,

                  (v)  after  the  effective  date  of  any  Shelf  Registration
            Statement filed with the Commission  pursuant to this Agreement,  of
            the  occurrence  of (but not the nature of or details  concerning) a
            Material Event, and

                  (vi) of the determination by the Company that a post-effective
            amendment to a Shelf  Registration  Statement or a Subsequent  Shelf
            Registration  Statement  will be filed  with the  Commission,  which
            notice  may,  at the  discretion  of  the  Company  (or as  required
            pursuant to Section  3(i)),  state that it  constitutes a Suspension
            Notice, in which event the provisions of Section 3(i) shall apply.

            (d) Use its commercially  reasonable best efforts to (i) prevent the
issuance of, and, if issued,  to obtain the withdrawal of, any order  suspending
the effectiveness of a Shelf Registration  Statement and (ii) obtain the lifting
of any suspension of the qualification (or exemption from  qualification) of any
of the  Registrable  Securities for sale in any  jurisdiction in which they have
been  qualified for sale, in either case at the earliest  possible  moment,  and
provide  prompt  notice  to each  Notice  Holder,  UBS  Securities  LLC and,  if
applicable,  Designated  Counsel, of the withdrawal or lifting of any such order
or suspension.

            (e) If requested by any Notice  Holder,  as promptly as  practicable
incorporate in a Prospectus supplement or a post-effective  amendment to a Shelf
Registration  Statement such  information as such Notice Holder (if  applicable,
based on advice of  Designated  Counsel)  shall  determine  to be required to be
included  therein  by  applicable  law and make  any  required  filings  of such
Prospectus supplement or such post-effective amendment;  provided, however, that
the

                                      -12-
<PAGE>

Company  shall not be required to take any actions  under this Section 3(e) that
are not in compliance with applicable law.

            (f) As promptly as practicable, furnish to each Notice Holder and to
UBS  Securities  LLC,  without  charge,  at least one (1) conformed copy of each
Shelf   Registration   Statement  and  each  amendment  thereto  (but  excluding
schedules,  exhibits and all documents incorporated or deemed to be incorporated
therein by reference),  and at least one copy of any Prospectus  relating to the
Registrable Securities.

            (g) During the Effectiveness Period,  deliver to each Notice Holder,
in  connection  with  any sale of  Registrable  Securities  pursuant  to a Shelf
Registration  Statement,  without  charge,  as many copies of the  Prospectus or
Prospectuses  relating  to such  Registrable  Securities  and any  amendment  or
supplement thereto as such Notice Holder may reasonably request; and the Company
hereby  consents  (except  during  such  periods  that a  Suspension  Notice  is
outstanding  and has not been  revoked) to the use of such  Prospectus  and each
amendment or supplement  thereto by each Notice Holder,  in connection  with any
offering and sale of the  Registrable  Securities  covered by such Prospectus or
any amendment or supplement thereto in the manner set forth therein.

            (h)  Prior to any  public  offering  of the  Registrable  Securities
pursuant to a Shelf Registration Statement, use its commercially reasonable best
efforts  to  register  or  qualify  or  cooperate  with the  Notice  Holders  in
connection  with the  registration  or  qualification  (or  exemption  from such
registration or qualification) of such Registrable Securities for offer and sale
under the  securities or Blue Sky laws of such  jurisdictions  within the United
States as any Notice Holder reasonably requests in writing (which request may be
included in the Notice and Questionnaire);  use its commercially reasonable best
efforts to keep each such registration or qualification (or exemption therefrom)
effective  during  the  Effectiveness  Period in  connection  with  such  Notice
Holder's offer and sale of Registrable  Securities pursuant to such registration
or  qualification  (or  exemption  therefrom)  and do any and all other  acts or
things  reasonably  necessary  or advisable  to enable the  disposition  in such
jurisdictions  of such  Registrable  Securities  in the  manner set forth in the
relevant  Shelf  Registration  Statement and the related  Prospectus;  provided,
however,  that the  Company  will not be  required  to qualify  generally  to do
business in any jurisdiction where it is not then so qualified.

            (i)  Upon:  (A)  the  issuance  by the  Commission  of a stop  order
suspending  the  effectiveness  of  any  Shelf  Registration  Statement  or  the
initiation of proceedings with respect to any Shelf Registration Statement under
Section  8(d)  or 8(e)  of the  Act;  (B) the  occurrence  of any  event  or the
existence  of any fact as a result  of which any  Shelf  Registration  Statement
shall  contain  any untrue  statement  of a  material  fact or omit to state any
material fact required to be stated  therein or necessary to make the statements
therein not misleading,  or any Prospectus shall contain any untrue statement of
a material  fact or omit to state any material  fact  necessary in order to make
the statements  therein, in the light of the circumstances under which they were
made,  not  misleading;  or (C)  the  occurrence  or  existence  of any  pending
corporate development (a "Material Event") that, in the reasonable discretion of
the  Company,  makes it  appropriate  to suspend the  availability  of any Shelf
Registration Statement and the related Prospectus,

                                      -13-
<PAGE>

                  (i) in the case of clause  (B) or (C)  above,  subject  to the
            next sentence,  as promptly as reasonably  practicable,  prepare and
            file,  if necessary  pursuant to  applicable  law, a  post-effective
            amendment to such Shelf  Registration  Statement or a supplement  to
            such Prospectus or any document incorporated therein by reference or
            file any other  required  document  that  would be  incorporated  by
            reference into such Shelf  Registration  Statement and Prospectus so
            that such Shelf  Registration  Statement does not contain any untrue
            statement  of a  material  fact or omit to state any  material  fact
            required to be stated  therein or necessary  to make the  statements
            therein not misleading, and so that such Prospectus does not contain
            any  untrue  statement  of a  material  fact or omit  to  state  any
            material fact necessary in order to make the statements  therein, in
            the light of the  circumstances  under  which  they were  made,  not
            misleading,  as  thereafter  delivered  to  the  purchasers  of  the
            Registrable Securities being sold thereunder,  and, in the case of a
            post-effective amendment to a Shelf Registration Statement,  subject
            to the next sentence,  use its commercially  reasonable best efforts
            to  cause  it to  become  effective  under  the Act as  promptly  as
            practicable, and

                  (ii) give notice to the Notice  Holders (and,  if  applicable,
            separate  counsel for the Notice  Holders) that the  availability of
            the  Shelf  Registration   Statement  is  suspended  (a  "Suspension
            Notice") (and,  upon receipt of any Suspension  Notice,  each Notice
            Holder  agrees not to sell any  Registrable  Securities  pursuant to
            such Shelf Registration Statement until such Notice Holder's receipt
            of copies of the supplemented or amended Prospectus  provided for in
            clause (i) above or until such  Notice  Holder is advised in writing
            by the Company that the Prospectus may be used).

The Company will use its commercially reasonable best efforts to ensure that the
use of the  Prospectus  may be resumed  (x) in the case of clause (A) above,  as
promptly as is practicable,  (y) in the case of clause (B) above, as soon as, in
the reasonable  judgment of the Company,  the Shelf Registration  Statement does
not  contain  any  untrue  statement  of a  material  fact or omit to state  any
material fact required to be stated  therein or necessary to make the statements
therein not misleading and the Prospectus does not contain any untrue  statement
of a material fact or omit to state any material fact necessary in order to make
the statements  therein, in the light of the circumstances under which they were
made, not  misleading,  and (z) in the case of clause (C) above,  as soon as, in
the  reasonable  discretion  of  the  Company,  such  suspension  is  no  longer
appropriate.  The period during which the availability of the Shelf Registration
Statement and any Prospectus may be suspended (the "Suspension  Period") without
the Company  incurring any  obligation to pay  additional  interest  pursuant to
Section 2(e) shall not exceed forty-five (45) days in the aggregate in any three
(3) month  period or ninety (90) days in the  aggregate in any twelve (12) month
period.

            (j) If the Notice Holders retain  underwriters to participate in the
disposition of Registrable Securities pursuant to a Shelf Registration Statement
(or if otherwise  reasonably  requested by Notice Holders,  provided such Notice
Holders  have been  advised in writing by  Designated  Counsel  that such Notice
Holders have a due diligence  defense to liabilities under the Securities Act in
respect of such Shelf  Registration  Statement)  make  available for  inspection
during normal business hours by such Designated  Counsel and such  underwriters,
all relevant

                                      -14-
<PAGE>

financial and other records and pertinent  corporate documents and properties of
the Company and its subsidiaries,  and cause the appropriate officers, directors
and  employees  of the  Company  and  its  subsidiaries  to make  available  for
inspection  during normal  business  hours all relevant  information  reasonably
requested by such Designated  Counsel or such  underwriters,  in each case as is
customary for similar "due diligence" examinations; provided, however, that such
persons shall, at the Company's request, first agree in writing with the Company
that any  information  that is  reasonably  and in good faith  designated by the
Company in writing as confidential  at the time of delivery of such  information
shall be kept  confidential  by such  persons  and shall be used  solely for the
purposes of exercising  rights under this  Agreement,  unless (i)  disclosure of
such information is required by court or administrative order or is necessary to
respond to inquiries of governmental or regulatory authorities (after reasonable
notice is provided to the  Company),  (ii)  disclosure  of such  information  is
required  by law  (including  any  disclosure  requirements  pursuant to federal
securities  laws  in  connection  with  the  filing  of any  Shelf  Registration
Statement  or the  use of any  Prospectus  referred  to in  this  Agreement)  or
necessary to defend or prosecute a claim brought  against or by any such persons
(e.g., to establish a "due diligence"  defense),  (iii) such information becomes
generally  available  to the public  other than as a result of a  disclosure  or
failure  to  safeguard  by any such  person  or (iv)  such  information  becomes
available  to any such  person  from a source  other than the  Company  and such
source is not bound by a  confidentiality  agreement or is not otherwise under a
duty of trust to the Company;  provided further,  that the foregoing  inspection
and information gathering shall, to the greatest extent possible, be coordinated
on behalf of all the Notice  Holders and the other parties  entitled  thereto by
the counsel,  referred to in Section 5, for the Holders in connection with Shelf
Registration Statements.

            (k)  Comply  with  all  applicable  rules  and  regulations  of  the
Commission and with the reporting requirements of Section 13(a) or Section 15(d)
of the  Exchange  Act;  and  make  generally  available  to its  securityholders
earnings  statements  (which need not be audited)  satisfying  the provisions of
Section 11(a) of the Act and Rule 158 thereunder.

            (l)  Cooperate  with each  Notice  Holder to  facilitate  the timely
preparation and delivery of  certificates  representing  Registrable  Securities
sold pursuant to a Shelf  Registration  Statement,  which certificates shall not
bear any restrictive  legends,  and cause such  Registrable  Securities to be in
such  denominations  as are permitted by the  Indenture  and  registered in such
names as such  Notice  Holder may  request in writing at least two (2)  Business
Days prior to any sale of such Registrable Securities.

            (m) Provide a CUSIP number for all Registrable Securities covered by
a Shelf Registration  Statement not later than the effective date of the Initial
Shelf Registration  Statement and provide the Trustee and the transfer agent for
the Common Stock with certificates for the Registrable  Securities that are in a
form eligible for deposit with The Depository Trust Company.

            (n) Cooperate and assist in any filings required to be made with the
National Association of Securities Dealers, Inc.

            (o) If the Notice Holders retain  underwriters to participate in the
disposition  of  Registrable   Securities   pursuant  to  a  Shelf  Registration
Statement, take all actions and enter into such customary agreements (including,
if requested, an underwriting agreement in

                                      -15-
<PAGE>

customary  form)  as are  necessary  in  order  to  permit  disposition  of such
Registrable Securities and in such connection:

                  (i) the Company shall make such representations and warranties
to the Holders of such  Registrable  Securities  and the  underwriters  in form,
substance and scope as would be customarily  made by the Company to underwriters
in similar offerings of securities;

                  (ii) the Company shall obtain customary opinions of counsel of
the Company  addressed  to the  underwriters  covering the matters that would be
customarily covered in opinions requested in sales of securities or underwritten
offerings;

                  (iii) the Company shall obtain  "comfort  letters" and updates
thereof from the Company's  independent  certified public  accountants  (and, if
necessary,  any other independent certified public accountants of any subsidiary
of the Company or of any  business  acquired by the Company for which  financial
statements  are,  or are  required  to be,  included  in any Shelf  Registration
Statement)  addressed  to  the  underwriters  (to  the  extent  consistent  with
Statement on Auditing  Standards  No. 72 of the American  Institute of Certified
Public  Accounts),  such letters to be in customary form and covering matters of
the type that would  customarily be covered in "comfort letters" to underwriters
in connection with similar underwritten offerings;

                  (iv) the Company shall cause any such  underwriting  agreement
to contain indemnification provisions and procedures substantially equivalent to
the indemnification provisions and procedures set forth in Section 6 hereof with
respect to the underwriters and all other parties to be indemnified  pursuant to
said Section; and

                  (v) the Company shall deliver such documents and  certificates
as may be  reasonably  requested  and as are  customarily  delivered  in similar
offerings to the holders of a majority of the Registrable  Securities being sold
and to the Managing Underwriters, if any;

the above to be done in connection  with each  underwriting  agreement as and to
the extent required thereunder.

            (p) Cause the Indenture to be qualified under the TIA not later than
the  effective  date  of the  Initial  Shelf  Registration  Statement;  and,  in
connection  therewith,  cooperate with the Trustee 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 execute, and use its commercially  reasonable 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 Commission to enable the Indenture to be so qualified in a timely manner.

            (q) Use its  commercially  reasonable  best  efforts  to  cause  the
Underlying  Common  Stock to be approved for  quotation  on the Nasdaq  National
Market.

            (r) In  the  event  that  any  broker-dealer  registered  under  the
Exchange Act shall  underwrite  any  Registrable  Securities or participate as a
member of an underwriting syndicate or selling group or "participate in a public
offering"  (within the meaning of the  Conduct  Rules (the "NASD  Rules") of the
National Association of Securities Dealers,  Inc.) thereof,  whether as a Holder
of such Registrable Securities or as an underwriter, a placement or

                                      -16-
<PAGE>

sales agent or a broker or dealer in respect thereof, or otherwise,  the Company
will assist such  broker-dealer  in complying with the requirements of such NASD
Rules, including, without limitation, by: (i) if such NASD Rules, including NASD
Rule 2720, shall so require,  engaging a "qualified independent underwriter" (as
defined  in NASD  Rule  2720) to  participate  in the  preparation  of the Shelf
Registration  Statement  relating to such  Registrable  Securities,  to exercise
usual  standards of due diligence in respect  thereof and, if any portion of the
offering  contemplated by such Shelf  Registration  Statement is an underwritten
offering or is made through a placement or sales agent,  to recommend  the yield
or price, as the case may be, of such Registrable Securities;  (ii) indemnifying
any such qualified independent  underwriter to the extent of the indemnification
of  underwriters  provided  in  Section  6  hereof;  and  (iii)  providing  such
information  to  such  broker-dealer  as may  be  required  in  order  for  such
broker-dealer to comply with the requirements of the NASD Rules.

      4.  Holder's  Obligations.  Each  Holder  agrees,  by  acquisition  of the
Registrable  Securities,  that no  Holder  of  Registrable  Securities  shall be
entitled  to  sell  any of  such  Registrable  Securities  pursuant  to a  Shelf
Registration Statement or to receive a Prospectus relating thereto,  unless such
Holder has  furnished  the Company  with a  completed  and  executed  Notice and
Questionnaire  as  required  pursuant  to Section  2(d)  hereof  (including  the
information  required to be included in such Notice and  Questionnaire)  and the
information  set forth in the next sentence.  Each Notice Holder agrees promptly
to furnish to the Company all  information  required to be disclosed in order to
make the information  previously  furnished to the Company by such Notice Holder
not  misleading and any other  information  regarding such Notice Holder and the
distribution of such Registrable Securities as the Company may from time to time
reasonably request.  Any sale of any Registrable  Securities by any Holder shall
constitute a  representation  and  warranty by such Holder that the  information
relating  to such  Holder  and its plan of  distribution  is as set forth in the
Prospectus  delivered by such Holder in connection with such  disposition,  that
such  Prospectus  does  not as of the  time  of such  sale  contain  any  untrue
statement of a material  fact relating to or provided by such Holder or its plan
of  distribution  and that such  Prospectus does not as of the time of such sale
omit to state any  material  fact  relating to or provided by such Holder or its
plan  of  distribution  necessary  in  order  to  make  the  statements  in such
Prospectus,  in the light of the  circumstances  under which they were made, not
misleading.  If any Notice Holder  retains  underwriters  to  participate in the
distribution  of  Registrable   Securities  pursuant  to  a  Shelf  Registration
Statement,  such  Notice  Holder  agrees  to enter  into,  and use  commercially
reasonable efforts to cause any such underwriters to enter into, an underwriting
agreement in customary form for the type of underwriting contemplated.

      5.  Registration  Expenses.  The Company  shall bear all fees and expenses
incurred in connection  with the  performance by the Company of its  obligations
under Section 2 and Section 3 of this Agreement  whether or not any of the Shelf
Registration Statements are filed or declared effective under the Act. Such fees
and expenses ("Registration  Expenses") shall include,  without limitation,  (i)
all registration and filing fees and expenses  (including,  without  limitation,
fees and  expenses  (x) with  respect  to filings  required  to be made with the
National  Association  of Securities  Dealers,  Inc. and (y) of compliance  with
federal  securities  laws and  state  securities  or Blue  Sky laws  (including,
without  limitation,  reasonable fees and  disbursements  of one counsel for the
Holders in connection with Blue Sky qualifications of the Registrable Securities
under the laws of such  jurisdictions as the Notice Holders of a majority of the
Registrable Securities being sold pursuant to a Shelf Registration Statement may
designate), (ii) all printing expenses

                                      -17-
<PAGE>

(including,   without   limitation,   expenses  of  printing   certificates  for
Registrable  Securities in a form eligible for deposit with The Depository Trust
Company and printing  Prospectuses),  (iii) all duplication and mailing expenses
relating to copies of any Shelf Registration  Statement or Prospectus  delivered
to any Holders  hereunder,  (iv) all fees and  disbursements  of counsel for the
Company;  and (v) all fees and  disbursements of the Trustee and its counsel and
of the registrar and transfer agent for the Common Stock.

      6. Indemnification, Contribution.

            (a) The Company  agrees to indemnify,  defend and hold harmless each
Initial Purchaser,  each Holder, each person (a "Controlling  Person"),  if any,
who controls any Initial Purchaser or Holder within the meaning of Section 15 of
the  Act  or  Section  20 of the  Exchange  Act  and  the  respective  officers,
directors,  partners and employees of any Initial Purchaser,  the Holders or any
Controlling Person, from and against any loss, damage, expense, liability, claim
or  any  actions  in  respect   thereof   (including  the  reasonable   cost  of
investigation)  which such  Indemnified  Party (as  defined  below) may incur or
become subject to under the Act, the Exchange Act or otherwise,  insofar as such
loss, damage, expense, liability, claim or action arises out of or is based upon
any untrue statement or alleged untrue statement of a material fact contained in
any  Shelf  Registration   Statement  or  Prospectus,   including  any  document
incorporated by reference therein,  or in any amendment or supplement thereto or
in any preliminary prospectus, or arises out of or is based upon any omission or
alleged  omission  to state a material  fact  required to be stated in any Shelf
Registration Statement or in any amendment or supplement thereto or necessary to
make the statements  therein not  misleading,  or arises out of or is based upon
any omission or alleged  omission to state a material fact necessary in order to
make the  statements  made in any  Prospectus  or in any amendment or supplement
thereto  or in any  preliminary  prospectus,  in the light of the  circumstances
under which such  statements  were made, not  misleading,  and the Company 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,  damage,  expense,  liability,  claim or action in  respect  thereof;
provided,  however,  that the  Company  shall not be  required  to  provide  any
indemnity  pursuant to this  Section  6(a) in any such case  insofar as any such
loss, damage, expense, liability, claim or action arises out of or is based upon
any untrue  statement or omission or alleged  untrue  statement or omission of a
material fact contained in, or omitted from, and in conformity with  information
furnished in writing by or on behalf of an Initial  Purchaser or a Holder to the
Company  expressly  for  use  in,  any  Shelf  Registration   Statement  or  any
Prospectus.  This indemnity agreement will be in addition to any liability which
the Company may otherwise have to such Indemnified Party.

            (b) Each Holder,  severally  and not jointly,  agrees to  indemnify,
defend and hold harmless the Company,  any Controlling Person of the Company and
their  respective  directors,  officers and employees from and against any loss,
damage, expense,  liability,  claim or any actions in respect thereof (including
the reasonable cost of investigation)  which such Indemnified Party may incur or
become subject to under the Act, the Exchange Act or otherwise,  insofar as such
loss, damage, expense, liability, claim or action arises

                                      -18-
<PAGE>

out of or is based upon any untrue  statement or alleged  untrue  statement of a
material  fact  contained in, and in conformity  with  information  (the "Holder
Information") furnished in writing by or on behalf of such Holder to the Company
expressly for use in, any Shelf Registration Statement or Prospectus,  or arises
out of or is based upon any  omission  or alleged  omission  to state a material
fact in  connection  with such Holder  Information  required to be stated in any
Shelf  Registration  Statement  or  Prospectus  or necessary to make such Holder
Information  not  misleading;  and,  subject to the  limitation set forth in the
immediately  preceding  clause,  each Holder 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,  damage,  expense,  liability,  claim 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.  In no event
shall the liability of any selling Holder of Registrable Securities hereunder be
greater in amount than the dollar amount of the proceeds received by such Holder
upon the sale, pursuant to the Shelf Registration  Statement, of the Registrable
Securities giving rise to such indemnification obligation.

            (c) If any action,  suit or proceeding  (each,  a  "Proceeding")  is
brought  against any person in respect of which indemnity may be sought pursuant
to either Section 6(a) or Section 6(b),  such person (the  "Indemnified  Party")
shall promptly  notify the person against whom such indemnity may be sought (the
"Indemnifying  Party") in writing of the  institution of such Proceeding and the
Indemnifying  Party  shall  assume  the  defense of such  Proceeding;  provided,
however,  that the  omission  to so notify  such  Indemnifying  Party  shall not
relieve such  Indemnifying  Party from any  liability  which it may have to such
Indemnified  Party or otherwise.  Such Indemnified Party shall have the right to
employ  its own  counsel  in any such case,  but the fees and  expenses  of such
counsel shall be at the expense of such Indemnified  Party unless the employment
of such counsel shall have been authorized in writing by such Indemnifying Party
in connection  with the defense of such  Proceeding or such  Indemnifying  Party
shall not have employed counsel to have charge of the defense of such Proceeding
within  a  reasonable  period  of time  or such  Indemnified  Party  shall  have
reasonably concluded upon the written advice of counsel that there may be one or
more  defenses  available to it that are  different  from,  additional  to or in
conflict  with those  available to such  Indemnifying  Party (in which case such
Indemnifying  Party  shall  not have the  right to direct  that  portion  of the
defense  of such  Proceeding  on  behalf  of the  Indemnified  Party,  but  such
Indemnifying Party may employ counsel and participate in the defense thereof but
the  fees  and  expenses  of  such  counsel  shall  be at the  expense  of  such
Indemnifying  Party),  in any of which events such  reasonable fees and expenses
shall  be borne by such  Indemnifying  Party  and  paid as  incurred  (it  being
understood,  however,  that such Indemnifying  Party shall not be liable for the
expenses of more than one separate  counsel in any one  Proceeding  or series of
related   Proceedings   together  with   reasonably   necessary   local  counsel
representing  the  Indemnified  Parties  who are  parties  to such  action).  An
Indemnifying  Party shall not be liable for any  settlement  of such  Proceeding
effected without the written consent of such Indemnifying  Party, but if settled
with the written consent of such Indemnifying  Party,  such  Indemnifying  Party
agrees to indemnify and hold harmless an Indemnified  Party from and against any
loss or liability by reason of such  settlement.  No  Indemnifying  Party shall,
without  the  prior  written  consent  of  any  Indemnified  Party,  effect  any
settlement  of any  pending or  threatened  Proceeding  in respect of which such
Indemnified  Party is or could have been a party and  indemnity  could have been
sought hereunder by such Indemnified Party,  unless such settlement  includes an
unconditional  release of such  Indemnified  Party from all  liability on claims
that are the subject matter of such Proceeding and does not include an admission
of fault or culpability or a failure to act by or on behalf of such  Indemnified
Party.

                                      -19-
<PAGE>

            (d)  If  the  indemnification  provided  for in  this  Section  6 is
unavailable  to an  Indemnified  Party under  Section 6(a) or Section  6(b),  or
insufficient to hold such Indemnified Party harmless,  in respect of any losses,
damages, expenses, liabilities, claims or actions referred to therein, then each
applicable  Indemnifying  Party, in lieu of indemnifying such Indemnified Party,
shall  contribute to the amount paid or payable by such  Indemnified  Party as a
result of such losses, damages, expenses,  liabilities, claims or actions (i) in
such proportion as is appropriate to reflect the relative  benefits  received by
the Company, on the one hand, and by the Holders or the Initial  Purchasers,  on
the other hand, from the offering of the  Registrable  Securities or (ii) if the
allocation  provided by clause (i) above 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 Company,  on
the one hand, and of the Holders or the Initial  Purchasers,  on the other hand,
in connection  with the  statements or omissions  which resulted in such losses,
damages, expenses, liabilities, claims or actions, as well as any other relevant
equitable  considerations.  The relative fault of the Company,  on the one hand,
and of the  Holders  or the  Initial  Purchasers,  on the other  hand,  shall be
determined by reference to, among other things,  whether the untrue statement or
alleged  untrue  statement  of a material  fact or omission or alleged  omission
relates to information  supplied by the Company or by the Holders or the Initial
Purchasers and the parties'  relative intent,  knowledge,  access to information
and  opportunity  to correct or prevent such  statement or omission.  The amount
paid or  payable  by a party  as a  result  of the  losses,  damages,  expenses,
liabilities, claims and actions referred to above shall be deemed to include any
reasonable legal or other fees or expenses  reasonably incurred by such party in
connection with investigating or defending any Proceeding.

            (e) The Company,  the Holders and the Initial  Purchasers agree that
it would not be just and  equitable if  contribution  pursuant to this Section 6
were  determined  by pro rata  allocation  or by any other method of  allocation
which  does not take  account of the  equitable  considerations  referred  to in
Section 6(d) above.  Notwithstanding the provisions of this Section 6, no Holder
shall be required to contribute  any amount in excess of the amount by which the
total price at which the Registrable Securities giving rise to such contribution
obligation and sold by such Holder were offered to the public exceeds the amount
of any damages  which it has  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 Act) shall be entitled to contribution from any person who was not guilty of
such  fraudulent  misrepresentation.  The  Holders'  respective  obligations  to
contribute  pursuant  to  this  Section  6 are  several  in  proportion  to  the
respective  amount of Registrable  Securities they have sold pursuant to a Shelf
Registration Statement, and not joint. The remedies provided for in this Section
6 are not  exclusive  and  shall not limit  any  rights  or  remedies  which may
otherwise be available to any indemnified party at law or in equity.

            (f) The  indemnity  and  contribution  provisions  contained in this
Section 6 shall remain operative and in full force and effect  regardless of (i)
any termination of this Agreement,  (ii) any investigation  made by or on behalf
of any Holder or the Initial  Purchasers or any person controlling any Holder or
Initial Purchaser, or the Company, or the Company's officers or directors or any
person controlling the Company and (iii) the sale of any Registrable Security by
any Holder.

                                      -20-
<PAGE>

      7. Information  Requirements.  The Company  covenants that, if at any time
before the end of the  Effectiveness  Period it is not subject to the  reporting
requirements  of the  Exchange  Act,  it  will  cooperate  with  any  Holder  of
Registrable Securities and take such further action as any Holder of Registrable
Securities may reasonably  request in writing  (including,  without  limitation,
making such representations as any such Holder may reasonably  request),  all to
the extent required from time to time to enable such Holder to sell  Registrable
Securities  without  registration  under the Act within the  limitations  of the
exemptions  provided by Rule 144,  Rule 144A and  Regulation S under the Act and
customarily taken in connection with sales pursuant to such exemptions. Upon the
written  request of any  Holder,  the  Company  shall  deliver to such  Holder a
written  statement  as to whether the Company has  complied  with the  reporting
requirements  of the Exchange Act,  unless such a statement has been included in
the Company's most recent report filed with the  Commission  pursuant to Section
13 or Section 15(d) of Exchange Act.

      8. Underwritten Registrations.
         ---------------------------

            (a) If  any  of the  Registrable  Securities  covered  by the  Shelf
      Registration  Statement  are to be  offered  and  sold in an  underwritten
      offering,  the  investment  banker or  investment  bankers  and manager or
      managers that will administer the offering ("Managing Underwriters") shall
      be selected by the holders of a majority of such Registrable Securities to
      be included in such offering with the consent of the Company,  which shall
      not be unreasonably withheld.

            (b)  No  person  (including,   without   limitation,   a  Holder  or
      underwriter)  may participate in any underwritten  registration  hereunder
      unless such person (i) agrees to sell such person's Registrable Securities
      on the basis reasonably provided in any underwriting arrangements approved
      by the persons  entitled  hereunder to approve such  arrangements and (ii)
      completes   and   executes   all   questionnaires,   powers  of  attorney,
      indemnities,   underwriting  agreements  and  other  documents  reasonably
      required under the terms of such underwriting arrangements.

      9. Miscellaneous.
         --------------

            (a) Remedies.  The Company  acknowledges and agrees that any failure
      by the Company to comply with its obligations under this Agreement in such
      circumstances where additional interest is not payable pursuant to Section
      2(e)  (including,  without  limitation,  Events  occurring with respect to
      Underlying Common Stock) may result in material  irreparable injury to the
      Initial  Purchasers and 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,  any  Initial
      Purchaser  or  Holder  may  obtain  such  relief  as  may be  required  to
      specifically enforce the Company's obligations under this Agreement,  and,
      in such  circumstances,  the  Company  agrees to waive the  defense in any
      action for specific performance that a remedy at law would be adequate.

            (b) No  Conflicting  Agreements.  The Company is not, as of the date
      hereof,  a party to, nor shall it, on or after the date of this Agreement,
      enter into,  any agreement with respect to the Company's  securities  that
      conflicts  with the rights granted to the Holders in this  Agreement.  The
      Company represents and warrants that the rights granted to the

                                      -21-
<PAGE>

      Holders  hereunder do not in any way conflict  with the rights  granted to
      the holders of the Company's  securities under any other  agreements.  The
      Company  will  not  take  any  action  with  respect  to  the  Registrable
      Securities which would  materially  adversely affect the ability of any of
      the  Holders to include  such  Registrable  Securities  in a  registration
      undertaken  pursuant to this  Agreement,  and after the date  hereof,  the
      Company shall not grant to any of its securityholders  (other than Holders
      in such capacity) the right to include any of the Company's  securities in
      any Shelf Registration Statement filed pursuant to this Agreement.

            (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 a majority of  outstanding  Registrable  Securities;
      provided,  however,  that, no consent is necessary from any of the Holders
      in the event that this Agreement is amended,  modified or supplemented for
      the purpose of curing any ambiguity, defect or inconsistency that does not
      materially adversely affect the rights of any Holders. Notwithstanding the
      foregoing,  a waiver or consent to depart from the provisions  hereof with
      respect to a matter that relates  exclusively  to the rights of Holders of
      Registrable Securities whose securities are being sold pursuant to a Shelf
      Registration Statement and that does not directly or indirectly affect the
      rights of other Holders of Registrable  Securities may be given by Holders
      of at least a majority of the  Registrable  Securities  being sold by such
      Holders pursuant to such Shelf Registration Statement;  provided, however,
      that the  provisions  of this  sentence may not be amended,  modified,  or
      supplemented  except in accordance  with the provisions of the immediately
      preceding sentence.  Each Holder of Registrable  Securities outstanding at
      the  time of any  such  amendment,  modification,  supplement,  waiver  or
      consent or thereafter shall be bound by any such amendment,  modification,
      supplement,  waiver or consent  effected  pursuant to this  Section  9(c),
      whether or not any notice,  writing or marking  indicating such amendment,
      modification,  supplement,  waiver or consent  appears on the  Registrable
      Securities or is delivered to such Holder.

            (d) Notices.  All notices and other  communications  provided for or
      permitted  hereunder  shall  be  made in  writing  by  hand  delivery,  by
      facsimile,  by courier  guaranteeing  overnight delivery or by first-class
      mail, return receipt  requested,  and shall be deemed given (A) when made,
      if made by hand delivery, (B) upon confirmation, if made by facsimile, (C)
      one (1) Business Day after being  deposited with such courier,  if made by
      overnight  courier or (D) on the date  indicated on the notice of receipt,
      if made by first-class mail, to the parties as follows:

                  (i)   if to a Holder,  at the most  current  address  given by
                        such Holder to the Company in a Notice and Questionnaire
                        or any amendment thereto;

                                      -22-
<PAGE>

                  (ii) if to the Company, to:

                        CONMED Corporation
                        525 French Road
                        Utica, New York 13502
                        Attention: General Counsel
                        Facsimile No.: (315) 793-8929

                  (iii) if to the Initial Purchasers, to:

                        UBS Securities LLC
                        299 Park Avenue
                        New York, New York 10171
                        Attention: Syndicate Department
                        Telecopy No.: (212) 713-1205

                        with a copy to (for informational purposes only):

                        UBS Securities LLC
                        299 Park Avenue
                        New York, New York 10171
                        Attention: Legal Department
                        Telecopy No.: (212) 821-4042

                                and

                        UBS Securities LLC
                        677 Washington Boulevard
                        Stamford, Connecticut 06901
                        Attention: Syndicate Department
                        Telecopy No.: (203) 719-0683

or to such other address as such person may have  furnished to the other persons
identified in this Section 9(d) in writing in accordance herewith.

            (e) Majority of Registrable Securities.  For purposes of determining
what constitutes holders of a majority of Registrable Securities, as referred to
in this Agreement, a majority shall constitute a majority in aggregate principal
amount of  Registrable  Securities,  treating each relevant  holder of shares of
Underlying  Common  Stock of the  Notes as a holder of the  aggregate  principal
amount of Notes in respect of which such Common Stock was issued.

            (f) Approval of Holders. Whenever the consent or approval of Holders
of a specified  percentage  of  Registrable  Securities  is required  hereunder,
Registrable  Securities held by the Company or its "affiliates" (as such term is
defined  in Rule 405  under  the Act)  (other  than the  Initial  Purchasers  or
subsequent Holders of Registrable Securities,  if the Initial Purchasers or such
subsequent  Holders are deemed to be such  affiliates  solely by reason of their
holdings of

                                      -23-
<PAGE>

such Registrable  Securities)  shall not be counted in determining  whether such
consent or approval was given by the Holders of such required percentage.

            (g) Third  Party  Beneficiaries.  Subject to their  compliance  with
their obligations  hereunder,  the Holders shall be third party beneficiaries to
the  agreements  made  hereunder  between the Company,  on the one hand, and the
Initial Purchasers,  on the other hand, and shall have the right to enforce such
agreements  directly to the extent they may deem such  enforcement  necessary or
advisable  to  protect  their  rights or the rights of  Holders  hereunder.  The
Trustee  shall  be  entitled  to the  rights  granted  to it  pursuant  to  this
Agreement.

            (h)  Successors  and Assigns.  Any person who  purchases any Covered
Security  from any Initial  Purchaser  or from any Holder  shall be deemed,  for
purposes of this Agreement,  to be an assignee of such Initial Purchaser or such
Holder,  as the case may be. This Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of each of the parties hereto
and shall inure to the benefit of and be binding upon each Holder of any Covered
Security.

            (i)  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 original and all of which taken together
shall constitute one and the same agreement.

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

            (k)  Governing  Law.  THIS  AGREEMENT  SHALL  BE  GOVERNED  BY,  AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

            (l) Severability. If any term, provision, covenant or restriction of
this  Agreement  is held to be  invalid,  illegal,  void or  unenforceable,  the
remainder of the terms, provisions,  covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected,  impaired
or  invalidated  thereby,  and the parties  hereto shall use their  commercially
reasonable  best efforts to find and employ an alternative  means to achieve the
same or  substantially  the  same  result  as that  contemplated  by such  term,
provision, covenant or restriction, it being intended that all of the rights and
privileges of the parties shall be enforceable  to the fullest extent  permitted
by law.

            (m) Entire  Agreement.  This  Agreement  is  intended by the parties
hereto as a final expression of their agreement and is intended to be a complete
and exclusive statement of the agreement and understanding of the parties hereto
in respect of the subject matter contained  herein and the  registration  rights
granted by the Company with  respect to the  Registrable  Securities.  Except as
provided  in  the  Purchase  Agreement,  there  are no  restrictions,  promises,
warranties  or  undertakings,  other than those set forth or referred to herein,
with respect to the  registration  rights granted by the Company with respect to
the Registrable  Securities.  This Agreement supersedes all prior agreements and
undertakings among the parties with respect to

                                      -24-
<PAGE>

such  registration  rights.  No party  hereto  shall have any rights,  duties or
obligations other than those specifically set forth in this Agreement.

            (n)  Termination.  This Agreement and the obligations of the parties
hereunder shall terminate upon the end of the Effectiveness  Period,  except for
any  liabilities or  obligations  under Section 4, Section 5 or Section 6 hereof
and the  obligations  to make  payments of and provide for  additional  interest
under Section 2(e) hereof to the extent such additional  interest  accrues prior
to the end of the Effectiveness  Period and to the extent any overdue additional
interest  accrues in  accordance  with the last  paragraph of such Section 2(e),
each of which shall remain in effect in accordance with its terms.

  [The Remainder of This Page Intentionally Left Blank; Signature Page Follows]

                                      -25-
<PAGE>

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

                                    Very truly yours,

                                    CONMED CORPORATION

                                    By: /s/  Daniel S. Jonas
                                        ---------------------
                                        Name: Daniel S. Jonas
                                        Title: VP Legal Affairs, General Counsel

Accepted  and  agreed to as of
the date first above  written,
on behalf  of  itself  and the
other     several      Initial
Purchasers:

UBS SECURITIES LLC

By:  /s/  David Gately
     --------------------------------
     Name:  David Gately
     Title:  Managing Director

By:  /s/  Jill Kosner
     --------------------------------
     Name:  Jill Kosner
     Title:  Director

                                      -26-Exhibit 10.2

                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

                                                  November 12, 2004

Mr. Joseph J. Corasanti, Esq.
Conmed Corporation
525 French Road
Utica, New York 13502

Dear Mr. Corasanti:

      In  consideration  of  the  mutual  promises  herein   contained,   CONMED
Corporation,  a New York corporation (hereinafter the "Company"), and you hereby
agree  that you will be  employed  by the  Company  on the  following  terms and
conditions:

      1.    Employment.
            -----------

      The  Company  hereby  agrees  that  you will be  employed  to serve as the
President  and  Chief  Operating  Officer  of the  Company  during  the  term of
employment set forth in Section 2 of this  Agreement.  You hereby agree to serve
as  President  and Chief  Operating  Officer of the Company  during such term of
employment.

      2.    Term of Employment.
            -------------------

      Subject to the provisions for early  termination  pursuant to Section 5 of
the  Agreement,  your term of  employment  under this  Agreement  shall be for a
period beginning January 1, 2000 and ending December 31, 2009.

      3.    Duties During Term of Employment.
            ---------------------------------

      During your term of employment under this Agreement, you shall devote your
full business time and  attention and all  reasonable  efforts to the affairs of
the Company and its subsidiaries and affiliates and shall perform such executive
and administrative duties for the Company and subsidiaries and affiliates as you
may be called upon to perform,  from time to time,  by the Board of Directors of
the Company (the "Board").

      4.    Compensation and Benefits.
            --------------------------

      (a)   Base Annual Salary.
            -------------------

The Company shall pay to you during your term of employment under this Agreement
a base annual salary at the rate of at least $200,000 per year, payable in equal
weekly installments  during each year of your term of employment,  provided that
after the date hereof  such  annual  base  salary  shall be at a rate of a least
$375,000. It is understood

<PAGE>

Joseph J. Corasanti, Esq.
Amended and Restated Employment Agreement
November 12, 2004
Page 2 of 7

that the Board of  Directors  of the Company may in its  discretion  review from
time to time your base annual salary and in its discretion may from time to time
increase your base annual  salary  and/or grant  bonuses if it  determines  that
circumstances justify any such increase and/or bonuses.

      (b)   Deferred Compensation
            ---------------------

      Existing Arrangement.  In addition to your base annual salary, the Company
shall establish a deferred  compensation  account on your behalf, which shall be
credited with the amount of $100,000 on December 31, 2000 and on each subsequent
December 31 during the term of this Agreement  through  December 31, 2004.  This
account  shall also be  credited  on  December  31,  2001 and each  December  31
thereafter  with an amount  equal to interest on the amount  outstanding  in the
account  on the day  prior to such  December  31 at the  rate of 10% per  annum.
Commencing  within 60 days after  retirement or termination  of employment,  the
Company  shall pay you,  for 120  months,  an amount  equal to the  amount  then
outstanding  in the  deferred  compensation  account  divided  by the  number of
payments remaining to be made. The account shall be reduced by the amount of any
payments and shall continue to be credited with interest  annually on the amount
outstanding in the account.  You may elect to receive  payments over a period of
less than 120 months (including a lump sum), provided that your election is made
prior  to the  beginning  of the year  before  the  year of your  retirement  or
termination  of  employment.  In the event of your death the Company  shall make
payments to your estate.  Such payments to your estate shall be made in the same
manner as specified  above,  except that such payments shall commence within one
month of your death. You understand and agree, and the Company agrees,  that the
deferred  compensation  account  is  solely  a  bookkeeping  account,  does  not
represent a segregated amount of money for your benefit,  and that you shall not
have by virtue of this Agreement a security interest in the foregoing account or
in any assets or funds of the Company.

      Future  Arrangement.  In addition to your existing  deferred  compensation
account above, the Company shall establish another deferred compensation account
on your behalf,  which shall be credited with the amount of $125,000 on December
31, 2005 and on each  subsequent  December 31 during the term of this Agreement.
This account  shall also be credited on December  31, 2005 and each  December 31
thereafter  with an amount  equal to interest on the amount  outstanding  in the
account on the day prior to such  December  31 at a rate equal to the prime rate
of JPMorgan Chase on such date plus 2%.  Commencing six months and one day after
retirement  or  termination  of  employment,  the Company shall pay you, for 120
months,  an  amount  equal  to the  amount  then  outstanding  in  the  deferred
compensation account divided by the number of payments remaining to be made. The
account shall be reduced by the amount of any payments and shall  continue to be
credited with interest annually on the amount outstanding in the account. In the
event of your  death the  Company  shall  make  payments  to your  estate.  Such
payments to your estate  shall be made in the same  manner as  specified  above,
except that such payments  shall  commence  within one month of your death.  You
understand and agree,  and the Company  agrees,  that the deferred  compensation
account is solely a bookkeeping account, does not represent a

<PAGE>
Joseph J. Corasanti, Esq.
Amended and Restated Employment Agreement
November 12, 2004
Page 3 of 7

Segregated  amount  of money  for your  benefit,  and that you shall not have by
virtue of this Agreement a security  interest in the foregoing account or in any
assets or funds of the Company.

      (c)   Benefit Plans.
            --------------

      You also shall be entitled to participate in all life and health insurance
plans, pension plans and other plans, benefits or bonus arrangements provided by
the  Company  from  time to time  during  your  term of  employment  under  this
Agreement and made available by the Company to its executives generally,  if and
to the extent  that you are  eligible  to  participate  in  accordance  with the
provisions  of any such plan or for such  benefits.  Specifically,  you shall be
entitled to participate  in the Company's  stock option plans and shall continue
to be entitled to participate in the Company's  pension and disability plans and
be provided with  reimbursement of club  memberships and automobile  expenses as
under present practices. In no event shall the benefits provided you be less, in
the aggregate,  than those  provided you under present plans and  practices.  In
addition,  for each calendar year commencing after the date hereof,  the Company
shall pay you an amount, which after the payment of any applicable taxes on such
payment,  is  sufficient  for you to purchase  and  maintain (i) $2.0 million of
whole life  insurance  coverage and (ii) the insurance  policies  referred to on
Exhibit A hereto.  Life and health insurance benefits  (including the payment to
purchase term life  insurance  coverage)  shall  continue for your and your wife
during the terms of your lives. In addition, the Company shall reimburse you for
your reasonable  personal legal and accounting  expenses  related to your estate
and tax planning and to preparing and filing your tax returns.

      5.    Early Termination of the Term of Employment.
            --------------------------------------------

      (a)   Early Termination Other Than for Just Cause.
            --------------------------------------------

      If at any time during your term of employment  under this  Agreement,  the
Board of Directors of the Company shall fail to reelect you as the President and
Chief Operating Officer of the Company, shall remove you from such office, shall
substantially  reduce your duties and  responsibilities  or shall terminate your
employment  under this  Agreement,  in each case other than for "just  cause" as
such term is defined in  paragraph  (c) of this  Section 5, such event  shall be
deemed  an  early  termination  other  than  for  just  cause.  After  an  early
termination  other than for just cause, you shall have no obligations under this
Agreement  (other  than  your  obligations  under  Sections  7  and  8  of  this
Agreement),  you shall have no obligation to seek other employment in mitigation
of damages in respect of any period following the date of such early termination
and you shall be entitled  to receive  from the  Company an  immediate  lump sum
payment equal to the result of  multiplying  (i) the greater of (A) three or (B)
the number of years and fractions  thereof  (rounded to the nearest  month) then
remaining  in the term of  employment  by (ii) the sum of (A) your  base  annual
salary to which you are then  entitled and (B) an amount equal to the average of
the bonuses,  deferred compensation and incentive  compensation earned by you in
each of the  Company's  three  fiscal  years  prior  to the  date of your  early
termination. If such lump sum payment is

<PAGE>
Joseph J. Corasanti, Esq.
Amended and Restated Employment Agreement
November 12, 2004
Page 4 of 7

not made in full within ten days of such early  termination  other than for just
cause,  the Company  shall also pay you interest on the amount of the  remaining
payment at the prime rate of JPMorgan Chase, in effect from time to time.

      In addition,  in the event of your early  termination  other than for just
cause,  you shall be entitled to continued  coverage  under the benefit plans of
the Company specified in paragraph (c) of Section 4 of this Agreement as if such
early  termination  had not  occurred,  for a period equal to the greater of (x)
three years from the date of such early  termination or (y) the remainder of the
term of  employment.  You shall  also be  entitled  to  receive  payment  of the
deferred compensation account as specified in paragraph (b) of Section 4 of this
Agreement,  and you or your estate shall be entitled to receive from the Company
all payments and benefits  required  pursuant to the  provisions of Section 6 of
this Agreement, as if such early termination had not occurred.

      (b)   Early Termination for Just Cause.
            ---------------------------------

      If at any time during your term of employment  under this  Agreement,  the
Board of  Directors  of the  Company  shall  fail to  reelect  you as the  Chief
Operating  Officer of the  Company,  shall  remove you from such  office,  shall
substantially  reduce your duties and  responsibilities  or shall terminate your
employment  under this Agreement,  in each case for "just cause" as such term is
defined in paragraph (c) of this Section 5, subject to the provisions of Section
6 for  additional  payments and benefits in the event of your death or permanent
disability  (as such term is defined in Section  6), the  Company  shall only be
obligated to pay you (i) your then base salary and to provide continued coverage
under the benefit  plans of the Company  specified in paragraph (c) of Section 4
of  this  Agreement  through  the  end of the  month  during  which  such  early
termination occurs, and (ii) the deferred  compensation  account as specified in
paragraph  (b) of  Section 4 of this  Agreement,  plus an  additional  amount of
deferred  compensation equal to a pro rata amount of such deferred  compensation
under paragraph (b) of Section 4 for the year of your termination.

      (c)   Definition of Just Cause.
            -------------------------

      "Just  cause"  under  this  Agreement  shall  mean a breach by you of your
obligations under this Agreement, willful misconduct,  dishonesty, conviction of
a crime (other than traffic or other similar violations or minor  misdemeanors),
intoxication on the job or excessive absenteeism not related to illness.

      6.    Death or Disability.
            --------------------

If before the  expiration  date of your term of employment  under this Agreement
you shall die, or become permanently disabled, the Company shall be obligated to
pay (in the case of death) to your estate,  or (in the case of such  disability)
to you or your representative,  100% of your annual base salary to which you are
then entitled to the end of such term of employment.  In addition,  in the event
of such disability, you shall continue to fully

<PAGE>
Joseph J. Corasanti, Esq.
Amended and Restated Employment Agreement
November 12, 2004
Page 5 of 7

participate  in all benefit  plans of the Company  specified in paragraph (c) of
Section 4 of this Agreement to the  expiration  date of such term of employment,
and in the case of life and health insurance benefits  (including the payment to
purchase term life insurance  coverage),  the benefits will continue for you and
your wife  during  the terms of your  lives.  For  purposes  of this  Agreement,
"permanent  disability"  means inability to perform the services  required under
this  Agreement due to physical or mental  disability,  which  continues for 180
consecutive days.  Evidence of such disability shall be certified by a physician
acceptable to both the Company and you.

      7.    Non-competition.
            ----------------

      It is agreed that during your term of employment  under this Agreement and
for a period of two years  thereafter  you will not,  without the prior  written
approval of the Board of Directors of the Company, become an officer,  employee,
agent,  limited or  general  partner,  director,  member or  shareholder  of any
business  enterprise in  competition  with the Company or any  subsidiary of the
Company,  as  the  business  of  the  Company  or  any  such  subsidiary  may be
constituted during such term of employment, or at the expiration of such term or
period. Notwithstanding the preceding sentence, you shall not be prohibited from
owning less than five (5%)  percent of the  outstanding  equity of any  publicly
traded business enterprise.

      8.    Non-disclosure.
            ---------------

      You shall not, at any time  during or  following  your term of  employment
under this  Agreement,  disclose or use, except in the course of your employment
or consultation  arrangements with the Company in the pursuit of the business or
interests  of  the  Company  or  any  of its  subsidiaries  or  affiliates,  any
confidential  information  or  proprietary  data  of the  Company  or any of its
subsidiaries or affiliates,  whether such  information or proprietary data is in
your memory or memorialized in writing or other physical terms.

      9.    Conflicts.
            ----------

      Any paragraph, sentence, phrase or other provision of this Agreement which
is in conflict with any applicable  statute,  rule or other law shall be deemed,
if possible,  to be modified or altered to conform  thereto or, if not possible,
to be omitted  herefrom.  The invalidity of any portion of this Agreement  shall
not affect the force and effect of the remaining valid portions hereof.  Section
and paragraph  headings are included in this Agreement for convenience  only and
are not  intended  to affect in any way the  meaning or  interpretation  of this
Agreement.

      10.   Governing Law.
            --------------

      This  Agreement  is governed  by and is to be  construed  and  enforced in
accordance with the laws of the State of New York.

<PAGE>

Joseph J. Corasanti, Esq.
Amended and Restated Employment Agreement
November 12, 2004
Page 6 of 7

      11.   Miscellaneous.
            --------------

      This  Agreement  amends  and  restates  in  its  entirety  the  Employment
Agreement  between  the  Company  and you  dated  May 2,  2000.  This  Agreement
constitutes  the entire  understanding  between you and the Company  relating to
your  employment  with the Company and  supersedes and cancels all prior written
and oral understandings and agreements with respect to such matters,  other than
with respect to (1) the deferred compensation account under Section 4(b) and (2)
the Change in Control Severance  Agreement between the Company and you dated May
3, 2000 (the  "CICSA").  Both  parties  agree that  although you are entitled to
receive  payments and benefits under both this  Agreement and the CICSA,  in the
event of your termination of employment you shall receive severance payments and
benefits  under  either  Section 5 of this  Agreement  or Section 4 of the CICSA
depending  upon which  section  provides  you with more  favorable  payments and
benefits  (but you shall not  receive  payments  and  benefits  under  both such
sections).  This Agreement shall be binding upon, and shall inure to the benefit
of you and  the  Company,  your  heirs,  executors  and  administrators  and the
Company's successors.

      If the foregoing  correctly sets forth the  understanding  between you and
the Company, please execute and return the enclosed copy of this letter.

                                         CONMED CORPORATION

                                         By: /s/  Daniel S. Jonas, Esq.
                                             ------------------------------
                                             Daniel S. Jonas, Esq.
                                             Vice President - Legal Affairs
                                             General Counsel

Agreed and accepted as of the date first above written:

/s/ Joseph J. Corasanti
-------------------------------
Joseph J. Corasanti

<PAGE>
Joseph J. Corasanti, Esq.
Amended and Restated Employment Agreement
November 12, 2004
Page 7 of 7

Exhibit A
Scheduled Insurance Policies

Policy Number          Carrier               Current Estimated Premium
----------------------------------------------------------------------

11-86-228              MassMutual                     $14,000

11-905-063             Northwest                      $22,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]