Document:

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                                    INDENTURE

                         STREICHER MOBILE FUELING, INC.

                                       AND

                             AMERICAN NATIONAL BANK

                          DATED AS OF JANUARY 25, 2005

                                   $6,100,000

                  10% SENIOR SECURED NOTES DUE JANUARY 24, 2010

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                                TABLE OF CONTENTS
                                                                            Page
                                    ARTICLE I
                      DEFINITIONS AND RULES OF CONSTRUCTION

1.1      Definitions..........................................................1

1.2      Other Definitions....................................................3

1.3      Rules of Construction................................................4

                                   ARTICLE II
                                 THE SECURITIES

2.1      Form and Dating......................................................4

2.2      Agents...............................................................4

2.3      Paying Agent and Trustee to Hold Money in Trust......................4

2.4      Holder Lists.........................................................5

2.5      Transfer and Exchange................................................5

2.6      Outstanding Notes....................................................5

2.7      Treasury Notes Disregarded for Certain Purposes......................6

2.8      Cancellation.........................................................6

                                   ARTICLE III
                                   REDEMPTION

3.1      Notice to Trustee....................................................6

3.2      Selection of Notes to be Redeemed....................................6

3.3      Notice of Redemption.................................................6

3.4      Deposit of Redemption Price..........................................6

3.5      Notes Redeemed in Part...............................................7

                                   ARTICLE IV
                                    COVENANTS

4.1      Payment of Notes.....................................................7

4.2      SEC Reports..........................................................7

4.3      Compliance Certificate...............................................7

4.4      Notice of Certain Events.............................................7

                                    ARTICLE V
                                   SUCCESSORS

5.1      When Company May Merge, etc..........................................8

5.2      Successor Corporation Substituted....................................8

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                                   ARTICLE VI
                              DEFAULTS AND REMEDIES

6.1      Acceleration.........................................................9

6.2      Notice of Defaults...................................................9

6.3      Other Remedies.......................................................9

6.4      Control by Two-Thirds Majority.......................................9

6.5      Limitation on Suits..................................................9

6.6      Rights of Holders To Receive Payment................................10

6.7      Priorities..........................................................10

6.8      Undertaking for Costs...............................................11

6.9      Proof of Claim......................................................11

6.10     Actions of a Holder.................................................11

                                   ARTICLE VII
                               OTHER DISTRIBUTIONS

7.1      Priorities..........................................................11

                                  ARTICLE VIII
                                     TRUSTEE

8.1      Duties of Trustee...................................................12

8.2      Rights of Trustee...................................................13

8.3      Individual Rights of Trustee; Disqualification......................13

8.4      Trustee's Disclaimer................................................13

8.5      Compensation and Indemnity..........................................13

8.6      Replacement of Trustee..............................................15

8.7      Successor Trustee by Merger, etc....................................15

                                   ARTICLE IX
                           SATISFACTION AND DISCHARGE

9.1      Satisfaction and Discharge of Indenture.............................16

9.2      Application of Trust Funds..........................................16

9.3      Reinstatement.......................................................17

9.4      Repayment to Company................................................17

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                                    ARTICLE X
                                   AMENDMENTS

10.1     Without Consent of Holders..........................................17

10.2     With Consent of Holders.............................................17

10.3     Compliance with Trust Indenture Act and Section 12.3................18

10.4     Revocation and Effect of Consents and Waivers.......................18

10.5     Notice of Amendment; Notation on or Exchange of Notes...............19

10.6     Trustee Protected...................................................19

                                   ARTICLE XI
                                  SUBORDINATION

11.1     Notes Subordinated to Senior Debt...................................19

11.2     Notes Subordinated in Any Proceeding................................19

11.3     No Payment on Notes in Certain Circumstances........................19

11.4     Obligations of the Company Unconditional............................19

11.5     Trustee Entitled to Assume Payments Not Prohibited in
            Absence of Notice................................................20

11.6     Satisfaction and Discharge..........................................20

11.7     Subordination Rights Not Impaired by Acts or Omissions of
            the Company or Holders of Senior Debt............................20

11.8     No Fiduciary Duty of Trustee or Holders to Holders of
            Senior Debt......................................................20

11.9     Trustee's Rights to Compensation, Reimbursement of
            Expenses and Indemnification.....................................20

11.10    Exception for Certain Distributions.................................20

                                   ARTICLE XII
                                  MISCELLANEOUS

12.1     Notices.............................................................21

12.2     Communication by Holders with Other Holders.........................22

12.3     Certificate and Opinion as to Conditions Precedent..................22

12.4     Statements Required in Certificate or Opinion.......................22

12.5     Rules by Trustee....................................................22

12.6     No Recourse Against Others..........................................22

12.7     Variable Provisions.................................................22

12.8     Governing Law.......................................................23

12.9     Severability........................................................23

12.10    Effect of Headings, Table of Contents, etc..........................23

12.11    Counterparts; Facsimile.............................................23

12.12    Successors and Assigns..............................................23

12.13    No Interpretation of Other Agreements...............................23

EXHIBIT A      Form of Note

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         THIS INDENTURE is dated as of January 25, 2005, between Streicher
Mobile Fueling, Inc., a Florida corporation (the "Company"), and American
National Bank, a Colorado corporation (the "Trustee").

         Each party agrees as follows for the benefit of the other party and for
the equal and ratable benefit of the Holders of the Company's 10% Senior Secured
Notes due January 24, 2010, in substantially the form attached as Exhibit A
hereto (the "Notes"):

                                   ARTICLE I
                      DEFINITIONS AND RULES OF CONSTRUCTION

1.1      Definitions.

         "2003 Notes" means the Company's 10% Senior Secured Promissory Notes
due August 28, 2008.

         "Affiliate" means any Person controlling, controlled by, or under
common control with the referenced Person. "Control" for this definition means
the power to direct the management and policies of a Person, directly or
indirectly, whether through the ownership of voting securities, by contract, or
otherwise. The terms "controlling" and "controlled" have meanings correlative to
the definition of "control."

         "Bankruptcy Law" means Title 11 of the U.S. Code or any similar federal
or state law for the relief of debtors.

         "Business Day" means a day that is not a Legal Holiday.

         "Common Stock" means the common stock of the Company, par value $.01
per share.

         "Collateral" shall have the meaning given to that term in the Security
Agreement.

         "Company" means Streicher Mobile Fueling, Inc., a Florida corporation.

         "Custodian" means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

          "Debt" means, with respect to any Person, (a) any obligation of such
Person to pay the principal of, premium of, if any, interest on (including
interest accruing on or after the filing of any petition in bankruptcy or for
reorganization relating to the Company, whether or not a claim for such
post-petition interest is allowed in such proceeding), penalties, reimbursement
or indemnification amounts, fees, expenses or other amounts relating to any
indebtedness, and any other liability, contingent or otherwise, of such Person
(i) for borrowed money (including instances where the recourse of the lender is
to the whole of the assets of such Person or to a portion thereof), (ii)
evidenced by a note, debenture or similar instrument (including a purchase money
obligation) including securities, (iii) for any letter of credit or performance
bond in favor of such Person, or (iv) for the payment of money relating to a
capitalized lease obligation; (b) any liability of others of the kind described
in the preceding clause (a), which the Person has guaranteed or which is
otherwise its legal liability; (c) any obligation of the type described in
clauses (a) and (b) secured by a lien to which the property or assets of such
Person are subject, whether or not the obligations secured thereby shall have
been assumed by or shall otherwise be such Person's legal liability; and (d) any
and all deferrals, renewals, extensions and refunding of, or amendments,
modifications or supplements to, any liability of the kind described in any of
the preceding clauses (a), (b) or (c).
<PAGE>

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

         "Distribution" in any Proceeding means any payment or distribution of
assets or securities of the Company of any kind or character from any source,
whether in cash, securities or other property made by the Company, custodian,
liquidating trustee or agent or any other person whether pursuant to a plan or
otherwise.

         "Event of Default" shall be as defined in the Note.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended.

         "Holder" means a Person in whose name a Note is registered.

         "Indenture" means this Indenture as amended from time to time.

         A "Legal Holiday" is a Saturday, a Sunday or a day on which banking
institutions are not required to be open. If a payment date is a Legal Holiday
at a place of payment, payment may be made at that place on the next succeeding
day that is not a Legal Holiday, and no interest shall accrue for the
intervening period.

         "Notes" means the 10% Senior Secured Promissory Notes due January 24,
2010 held by a Holder, in substantially the form attached as Exhibit A hereto.

         "Officer" means the President, any Vice President, the Treasurer, the
Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.

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

         "Proceeding" means a liquidation, dissolution, bankruptcy, insolvency,
reorganization, receivership, or similar proceeding under Bankruptcy Law, an
assignment for the benefit of creditors, any marshalling of assets or
liabilities, or winding up or dissolution, but does not include any transaction
permitted by, and made in compliance with, Article 5.

         "SEC" means the United States Securities and Exchange Commission.

         "Securities Purchase Agreement" means the Securities Purchase Agreement
by and between the Company and the Purchasers (as defined therein), dated the
date hereof.

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         "Security Agreement" means the Security Agreement dated of even date
herewith between the Company and Trustee.

         "Senior Debt" means debt of the Company whenever incurred, outstanding
at any time, which expressly states by its terms that it is senior in right of
payment to the Notes, including, but not limited to, the debt evidenced under
the Wachovia Agreements; provided, however, that Debt held by the Company or any
Affiliate of the Company is not deemed to be Senior Debt; provided, further,
that the obligations under the 2003 Notes and the related indenture are not
deemed to be Senior Debt for any purpose hereunder.

         "Senior Debt Default Notice" means any notice of a default (other than
a Senior Debt Payment Default) that permits the holders of any Senior Debt to
declare such Senior Debt due and payable.

         "Senior Debt Payment Default" means a default in the payment of any
principal of or interest on any Senior Debt.

         "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. ss.ss.
77aaa-77bbbb), as amended from time to time.

         "Trustee" means American National Bank, a Colorado corporation.

         "U.S. Government Obligations" means securities that are direct,
noncallable, nonredeemable obligations of, or noncallable, nonredeemable
obligations guaranteed by, the United States for the timely payment of which
obligation or guarantee the full faith and credit of the United States is
pledged, or funds consisting solely of those securities, including funds managed
by Trustee or one of its Affiliates (including funds for which it or its
Affiliates receives fees in connection with such management).

         "Wachovia" means Wachovia Bank, National Association, successor by
merger to Congress Financial Corporation (Florida).

         "Wachovia Agreements" means, collectively, the Loan and Security
Agreement by and between the Company and Wachovia dated September 26, 2002 and
the loan documents referenced therein, together with all amendments thereto.

         1.2   Other Definitions.

         Term                                              Defined in Section

         "EBITDA".........................................................5.1
         "Notice"........................................................11.1
         "Paying Agent"...................................................2.3
         "Registrar"......................................................2.3
         "Total Debt".....................................................5.1
         "Total Debt Ratio"...............................................5.1

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         1.3   Rules of Construction.  Unless the context otherwise requires:

               (a) a term defined in Section 1.1 or Section 1.2 has the meaning
assigned to it in those Sections;

               (b) an accounting term not otherwise defined has the meaning
assigned to that term in accordance with generally accepted accounting
principles in the United States;

               (c) the word "or" is not exclusive;

               (d) a word in the singular includes the plural, and a word in the
plural includes the singular;

               (e) provisions apply to successive events and transactions; and

               (f) the word "including" means including without limitation.

                                   ARTICLE II
                                 THE SECURITIES

         2.1   Form and Dating. The Notes will be substantially in the form
attached hereto as Exhibit A, the terms of which are incorporated by reference
in, and expressly made a part of, this Indenture. The Notes may have notations,
legends, or endorsements required by law, national stock exchange rule,
automated quotation system, an agreement to which the Company is subject, or
usage. Each Note will be dated the date of its issuance.

         2.2   Agents.

               (a) The Company will maintain an office or agency where Notes may
be presented for registration of transfer or for exchange (the "Registrar") and
where Notes may be presented for payment (the "Paying Agent"). The Registrar
will keep a register of the Notes and of their transfer and exchange.

               (b) The Company may appoint more than one Registrar or Paying
Agent. The Company will notify Trustee of the name and address of any Registrar
or Paying Agent not a party to this Indenture. If the Company does not appoint
another Registrar or Paying Agent, the Company will act in that capacity.

         2.3  Paying Agent and Trustee to Hold Money in Trust. On or prior to
the due date for each payment of the principal and/or interest on any Note, the
Company will deposit with the Paying Agent, or the Company or its Affiliate will
segregate and hold in a separate trust fund, a sum sufficient to pay such
payment. If the Company is not the Paying Agent, then the Company will require
each Paying Agent, other than Trustee, to agree in writing that such Paying
Agent will hold such sums in trust for the benefit of Holders. If Trustee
receives any proceeds from the Collateral, which payment is not required by the
Security Agreement to be applied to the purchase of replacement Collateral, then
Trustee shall hold such amounts in trust until Trustee delivers such amounts to
the Paying Agent on or prior to the due date for the next payment of the
principal and/or interest on any Note, and such amounts shall be used to fund,

                                       4
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in whole or in part, such payment, reducing the amount required to be paid by
the Company to fund such payment. If Trustee receives any funds representing the
proceeds of casualty or similar insurance on the Collateral , Trustee shall, in
collaboration with the Company, cause such funds to be applied to the purchase
of replacement Collateral, or repairs to existing Collateral, as the Company
shall, in its discretion, elect. If and to the extent that the Company elects
not to apply any such insurance proceeds to the purchase of replacement
Collateral or the repair of existing Collateral, then the Trustee shall hold
such amounts in trust until Trustee delivers such amounts to the Paying Agent on
or prior to the due date for the next payment of the principal and/or interest
on any Note, and such amounts shall be used to fund, in whole or in part, such
payment reducing the amount required to be paid by the Company to fund such
payment. The Paying Agent will notify the Holders and Trustee of any Default by
the Company in making any deposit required under this Section 2.3. During the
continuation of any such Default, the Company may require the Paying Agent to
transfer all sums held by the Paying Agent to Trustee and to account for any
funds disbursed by the Paying Agent. Upon complying with this Section 2.3, the
Paying Agent shall have no further liability for such amounts delivered to
Trustee. If the Company or any Affiliate of the Company acts as the Paying
Agent, the Company or that Affiliate will segregate the sums held in its
capacity as the Paying Agent in a separate trust fund.

         2.4   Holder Lists. The Registrar maintain a list of the currently
available names and addresses of Holders. The Company will furnish to Trustee,
in writing at least ten (10) Business Days before each interest payment date and
at such other times as Trustee may request, a list in such form and as of such
date as Trustee may reasonably require of the names and addresses of Holders.

         2.5   Transfer and Exchange.

               (a) Each Note will be issued in unregistered form and will be
transferable only upon surrender of such Note for registration of transfer and
pursuant to the transfer restrictions noted in the Note. When a Note is
presented to the Registrar with a request to register a transfer or to exchange
it for an equal principal amount of Notes of other denominations in accordance
with the provisions of the Note, the Registrar will register the transfer or
make the exchange if the requirements for such transactions are met and the Note
has not been redeemed. The Company may charge a reasonable fee for any
registration of transfer or exchange.

               (b) All notes issued upon any transfer or exchange in accordance
with the terms of this Indenture and the Notes will evidence the same debt and
be subject to the same terms and conditions as the Notes surrendered upon such
transfer or exchange.

         2.6   Outstanding Notes.

               (a) The Notes "outstanding" as of any time are all of the Notes
that have not been cancelled by Trustee or delivered to Trustee for cancellation
pursuant to Section 2.8. A Note does not cease to be outstanding because the
Company or an Affiliate holds the Note.

               (b) A Note considered paid under Section 4.1 ceases to be
outstanding and interest on that Note ceases to accrue.

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         2.7   Treasury Notes Disregarded for Certain Purposes. In determining
whether the Holders of the required principal amount of Notes have concurred in
any direction, waiver, or consent, any Notes owned by the Company or an
Affiliate will be disregarded and deemed not to be outstanding, except that, for
the purposes of determining whether Trustee will be protected in relying on any
such direction, waiver, or consent, only Notes which Trustee knows are owned by
the Company or an Affiliate will be disregarded. Notes owned by the Company or
Affiliate that have been pledged in good faith will not be disregarded if the
pledgee establishes to the satisfaction of Trustee the pledgee's right to
deliver any direction, waiver, or consent with respect to the Notes and that the
pledgee is not the Company or any other obligor upon the Notes or any Affiliate
of the Company or of that other obligor.

         2.8   Cancellation. The Company at any time may deliver Notes to
Trustee for cancellation. The Paying Agent will forward to Trustee any Notes
surrendered to the Paying Agent for payment. The Trustee will cancel all Notes
surrendered for registration of transfer, exchange, payment or cancellation and
will dispose of canceled Notes according to Trustee's standard procedures or as
the Company otherwise directs. The Company will not issue new Notes to replace
Notes that (a) the Company has paid or (b) have been delivered to Trustee for
cancellation.

                                  ARTICLE III
                                   REDEMPTION

         3.1   Notice to Trustee.

               (a) If the Company elects to redeem a Note pursuant to any
optional redemption provisions of such Note, the Company will notify Trustee of
the redemption in accordance with the terms and conditions set forth in the
Note.

               (b) The Company shall give the notice provided for in this
Section 3.1 at least forty-five (45) days (unless both Wachovia and Trustee
agree in writing to a shorter period) but not more than sixty (60) days before a
redemption date, which notice shall specify the redemption date, the amount of
principal due on the Note to be redeemed and the provisions of the Note pursuant
to which the Company elects to redeem such Securities.

         3.2   Selection of Notes to be Redeemed. If less than all the Notes are
to be redeemed, Trustee will select the Notes to be redeemed in a manner it
deems fair and appropriate, which may include selection pro rata or by lot.
Trustee will make such selection from all outstanding Notes that have not been
previously called for redemption. Provisions of this Indenture that apply to
Notes called for redemption also apply to portions of Notes called for
redemption.

         3.3   Notice of Redemption. The Company will send a notice of
redemption to each Holder whose Note is to be redeemed in accordance with the
terms and conditions set forth in the Note.

         3.4   Deposit of Redemption Price. On or before the redemption date,
the Company will deposit with the Paying Agent (or, if the Company or any
Affiliate is the Paying Agent, will segregate and hold in trust) the amounts
sufficient to pay the redemption price of the Notes being redeemed together with
all accrued interest thereon.

                                       6
<PAGE>

         3.5   Notes Redeemed in Part. Upon surrender of a Note that is redeemed
in part, the Company will deliver to the Holder, at the Company's expense, a new
Note equal in principal amount to the unredeemed portion of the redeemed Note.

                                   ARTICLE IV
                                    COVENANTS

         4.1   Payment of Notes.

               (a) The Company will pay the principal of, and interest on, the
Notes on the dates and in the manner provided in the Notes and this Indenture.
Principal and interest will be considered paid on the date due if the requisite
amounts (i) are paid to the Holders prior to or on such due date if the Paying
Agent is the Company or its Affiliate, or (ii) are deposited with the Paying
Agent prior to or on such due date if the Paying Agent is not the Company or its
Affiliate.

               (b) The Company will pay interest on overdue principal and unpaid
interest in accordance with the terms of, and at the rate prescribed in, the
Notes.

         4.2   SEC Reports. From the date hereof until such time as all Notes
have been paid in full, the Company will provide Trustee with copies of the
annual reports and of the information, documents and other reports which the
Company is required to file with the SEC pursuant to Section 13 or 15(d) of the
Exchange Act. In the event the Company is no longer a reporting company with the
SEC, the Company will provide Trustee with copies of the information and
financial statements that would be required to be included in Forms 10-K and
10-Q at such times that any such form would be required to be filed with the SEC
if the Company were a reporting company. The Company will also make available
copies of any quarterly and annual reports that the Company makes available to
its stockholders. Delivery of such reports, information, documents, and other
reports to Trustee is for informational purposes only and Trustee's receipt of
such reports will not constitute notice or constructive notice of any
information contained in such reports or determinable from information contained
in such reports, including the Company's compliance with any of covenants
contained in this Indenture.

         4.3   Compliance Certificate. The Company will deliver to Trustee,
within one hundred and five (105) days after the end of each fiscal year of the
Company, a certificate signed by the chief executive officer, chief financial
officer or principal accounting officer of the Company, as to such officer's
knowledge of the Company's compliance with all conditions and covenants
contained in this Indenture and the Note (determined without regard to any
period of grace or requirement of notice provided in this Indenture).

         4.4   Notice of Certain Events. The Company shall give prompt written
notice to Trustee, each Holder and any Paying Agent of (a) any Proceeding, (b)
any Default or Event of Default, (c) any cure or waiver of any Default or Event
of Default, (d) any Senior Debt Payment Default or Senior Debt Default Notice,
and (e) the listing of any of the Notes on any national stock exchange.

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<PAGE>

                                   ARTICLE V
                                   SUCCESSORS

         5.1   When Company May Merge, etc.

               (a) Without the consent in writing of the Holders of at least
sixty-six and 2/3 percent (662/3%) of the principal amount of outstanding Notes,
the Company will not consolidate or merge with or into, or transfer all or
substantially all of its assets to, or acquire all or substantially all of the
assets of, any Person, unless:

                   (i)   either:

                         (A)  the Company will be the resulting or surviving
         entity; or

                         (B)  that Person (1) is a corporation organized and
         existing under the laws of the United States, a State of the United
         States or the District of Columbia and (2) assumes by supplemental
         indenture all the obligations of the Company under the Notes and this
         Indenture;

                   (ii)  the ratio of Total Debt divided by EBITDA (the "Total
         Debt Ratio") is equal to or less than 4.0;

                   (iii) immediately before and immediately after the
         transaction no Default exists;

                   (iv)  Richard E. Gathright remains as Chief Executive Officer
         of the Company; and

                   (v) prior to the proposed transaction, the Company delivers
         to Trustee an Officer's Certificate and an Opinion of Counsel, each of
         which will state that such consolidation, merger, or transfer and the
         supplemental indenture comply with this Article 5 and that the Company
         has complied with all conditions precedent in this Indenture and
         relating to this transaction.

               (b) As used in this Section 5.1, "Total Debt" means all Debt of
the Company, including all subordinated debt but excluding the Senior Debt,
accounts payable and accrued liabilities incurred in the ordinary course of
business.

               (c) As used in this Section 5.1, "EBITDA" means earnings before
interest, taxes, depreciation and amortization calculated on an annualized basis
based on the twelve (12) months preceding the month in which such transaction
occurs.

         5.2   Successor Corporation Substituted. Upon any consolidation,
merger, or any transfer of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such
consolidation or into which the Company is merged or to which such transfer is
made, will succeed to, and be substituted for, and may exercise every right and
power of, the Company under this Indenture and the Notes with the same effect as
if that successor had been named as the Company in this Indenture and in the
Notes. In the event of any such transfer, the predecessor Company shall be
released and discharged from all liabilities and obligations in respect of the
Notes and the Indenture, and the predecessor Company may be dissolved, wound up
or liquidated at any time thereafter.

                                       8

<PAGE>

                                   ARTICLE VI
                              DEFAULTS AND REMEDIES

         6.1   Acceleration. Upon the occurrence and during the continuation of
an Event of Default, all outstanding principal and accrued and unpaid interest
on the Notes will be immediately due and payable.

         6.2   Notice of Defaults. If a continuing Default is known to Trustee,

Trustee will mail to the Holders a notice of the Default no later than thirty
(30) days after it receives knowledge of such Default. Except in the case of a
Default in the payment of any amounts of principal or interest due on any Note,
Trustee may withhold the notice if and so long as Trustee in good faith
determines that withholding the notice is in the interests of the Holders.
Trustee shall mail to Holders any notice it receives from the Holder(s) under
Section 6.5, and of any notice Trustee provides pursuant to Section 6.5(c)(i).

         6.3   Other Remedies.

               (a) If an Event of Default occurs and is continuing, Trustee may
pursue any available remedy to collect the payment of principal or interest on
the Notes or to enforce the performance of any provision of the Notes, this
Indenture or the Security Agreement.

               (b) The Trustee may maintain a proceeding under Section 6.2(a)
even if the Trustee does not possess any of the Notes or does not produce any of
them in the Proceeding. A delay or omission by Trustee or any Holder in
exercising any right or remedy accruing upon an Event of Default will not impair
the right or remedy or constitute a waiver of or acquiescence in the Event of
Default. All remedies are cumulative to the extent permitted by law.

         6.4   Control by Two-Thirds Majority. The Holders of at least sixty-six
and 2/3 percent (662/3%) of the principal amount of outstanding Notes may direct
the time, method, and place of conducting any Proceeding for any remedy
available to Trustee or exercising any trust or power conferred on Trustee. The
Trustee, however, may refuse to follow any direction that conflicts with law or
this Indenture, is unduly prejudicial to the rights of other Holders, or would
involve Trustee in personal liability or expense for which Trustee has not
received an indemnity reasonably satisfactory to Trustee.

         6.5   Limitation on Suits.

               (a) A Holder may pursue a remedy with respect to this Indenture
or the Holder's Note only if:

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<PAGE>

                   (i)   Trustee has notice of an Event of Default;

                   (ii)  Holders of at least twenty-five percent (25%) in
         principal amount of the Notes make a written request to Trustee to
         pursue the remedy;

                   (iii) Trustee either (A) gives to such Holders notice that
         Trustee will not comply with such request, or (B) does not comply with
         such request within fifteen (15) days after receipt of the request from
         such Holders; and

                   (iv)  Holders of more than sixty-six and 2/3 percent (662/3%)
         of the principal amount of the Notes do not give Trustee written notice
         inconsistent with the request delivered under Section 6.5(a)(ii) prior
         to the earlier of (A) the date on which Trustee delivers a notice under
         Section 6.5(a)(iii)(A) or (B) the expiration of the period described in
         Section 6.5(a)(iii)(B).

               (b) A Holder may not use this Indenture to prejudice the rights
of another Holder or to obtain a preference or priority over another Holder.

         6.6   Rights of Holders To Receive Payment.

               (a) Notwithstanding any other provision of this Indenture, the
right of any Holder of a Note to receive payment of principal and interest on
the Note, on or after the respective due dates expressed in the Note, or to
bring suit for the enforcement of any such payment on or after such respective
dates, will not be impaired or affected without the consent of the Holder.

               (b) Nothing in this Indenture limits or defers the right or
ability of any Holder to petition for commencement of a case pertaining to the
Company under applicable Bankruptcy Law.

         6.7   Priorities.

               (a) After an Event of Default, any money or other property
distributable in respect of the Company's obligations under this Indenture will
be paid in the following order:

                   (i)   first, to Trustee (including any predecessor Trustee)
         for amounts due under Section 8.6;

                   (ii)  second, to holders of Senior Debt to the extent
         required by Article 11;

                   (iii) third, to Holders for amounts due and unpaid on the
         Notes for principal and interest, ratably, without preference or
         priority of any kind, according to the amounts due and payable on the
         Notes for principal and interest, respectively; and

                   (iv)  fourth, to the Company.

               (b) The Trustee may fix a record date and payment date for any
payment to Holders.

                                       10
<PAGE>

         6.8   Undertaking for Costs. In any suit for the enforcement of any
right or remedy under this Indenture or the Notes or in any suit against Trustee
for any action taken or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of an undertaking to pay
the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys' fees, against any party litigant in the
suit, having due regard to the merits and good faith of the claims or defenses
made by the party litigant. This Section will not apply to a suit by Trustee, a
suit by a Holder pursuant to Section 6.6, or a suit by Holders of more than ten
percent (10%) in principal amount of the Notes.

         6.9   Proof of Claim. In the event of any Proceeding, Trustee may file
a claim for the unpaid balance of the Notes in the form required in the
Proceeding and cause the claim to be approved or allowed. Nothing contained in
this Indenture will be deemed to authorize Trustee to authorize or consent to,
or accept or adopt on behalf of, any Holder any plan of reorganization,
arrangement, adjustment, or composition affecting the Notes or the rights of any
Holder, or to authorize Trustee to vote in respect of the claim of any Holder in
any Proceeding.

         6.10  Actions of a Holder. For the purpose of providing any consent,
waiver or instruction to the Company or Trustee, a "Holder" shall include a
Person who provides to the Company or Trustee, as the case may be, an affidavit
of beneficial ownership of a Note together with a satisfactory indemnity against
any loss, liability, or expense to that party, to the extent that such party
acts upon such affidavit of beneficial ownership, including any consent, waiver
or instructions given by a Person providing such affidavit and indemnity.

                                  ARTICLE VII
                               OTHER DISTRIBUTIONS

         7.1   Priorities.

               (a) Upon a full or partial sale of Collateral pursuant to the
terms of the Security Agreement, Trustee will hold the proceeds thereof in a
separate account for the benefit of Holders in kind, and any money or other
property distributable in respect of the Company's obligations under this
Indenture will be paid in the following order:

                   (i)   first, to Trustee (including any predecessor Trustee)
         for amounts due under Section 8.6;

                   (ii)  second, to holders of Senior Debt to the extent
         required by Article 11;

                   (iii) third, to Holders for amounts due and unpaid on the
         Notes for Principal and interest, ratably, without preference or
         priority of any kind, according to the amounts due and payable on the
         Notes for Principal and interest, respectively; and

                   (iv)  fourth, to the Company.

                                       11
<PAGE>

               (b) Any money or other property distributable arising out of
foreclosure proceedings brought against the Company and distributable in respect
of the Company's obligations under this Indenture will be paid in the order
noted in Section 7.1(a) above.

               (c) The Trustee may fix a record date and payment date for any
payment to Holders pursuant to this Article 7.

                                  ARTICLE VIII
                                     TRUSTEE

         8.1   Duties of Trustee.

               (a) If an Event of Default has occurred and is continuing,
Trustee will exercise those rights and powers vested in it by the Indenture, the
Notes and the Security Agreement, and use the same degree of care and skill in
their exercise, as a prudent person would exercise or use under the
circumstances in the conduct of its own affairs, including the exercise of the
remedies set forth in this Indenture and the Note.

               (b) Except during the continuance of an Event of Default:

                   (i)   The Trustee need perform only those duties that are
         specifically set forth in this Indenture, the Notes and the Security
         Agreement.

                   (ii)  In the absence of bad faith on its part, Trustee may
         conclusively rely upon certificates or opinions furnished to Trustee
         and conforming to the requirements of this Indenture, as to the truth
         of the statements and the correctness of the opinions expressed in
         those certificates and opinions. However, Trustee will examine the
         certificates and opinions to determine whether or not the certificates
         and opinions conform to the requirements of this Indenture.

               (c) The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own willful
misconduct, except that:

                   (i)   This paragraph does not limit the effect of Section
         8.1(b).

                   (ii)  Trustee will not be liable for any error of judgment
         made in good faith by a Trustee or by any agent, employee or affiliate
         of Trustee, unless a court of competent jurisdiction finds that Trustee
         was negligent in ascertaining the pertinent facts.

                   (iii) Trustee will not be liable with respect to any action
         Trustee takes or omits to take in good faith in accordance with a
         direction received by Trustee pursuant to Section 2.3 or Section 6.4.

                   (iv)  Trustee may refuse to perform any duty or exercise any
         right or power which would require Trustee to expend its own funds or
         risk any liability if Trustee reasonably believes that repayment of
         such funds or adequate indemnity against that risk is not reasonably
         assured to Trustee.

                                       12
<PAGE>

               (d) Every provision of this Indenture that in any way relates to
Trustee is subject to Section 8.1(a), (b) and (c).

               (e) The Trustee will not be liable for interest on any money
received by Trustee, except as Trustee may agree with the Company. The Trustee
is not required to segregate money in trust from other funds, except to the
extent required by this Indenture or as may be otherwise required by law.

         8.2   Rights of Trustee.

               (a) Except as set forth in Section 8.1(b), the Trustee may rely
on any document believed by Trustee to be genuine and to have been signed or
presented by the proper Person. The Trustee is not required to investigate any
fact or matter stated in the document.

               (b) Before Trustee acts or refrains from acting, Trustee may
require a certificate from an Officer of the Company or an opinion of counsel.
The Trustee shall not be liable for any action it takes or omits to take in good
faith in reliance on such certificate or opinion. The Trustee may also consult
with counsel on any matter relating to this Indenture or the Notes. The Trustee
shall not be liable for any action Trustee takes or omits to take in good faith
in reliance on the advice of counsel.

               (c) The Trustee may act through agents and will not be
responsible for the misconduct or negligence of any agent appointed with due
care.

               (d) The Trustee will not be liable for any action Trustee takes
or omits to take in good faith which Trustee believes to be authorized or within
Trustee's rights or powers.

               (e) Trustee will only be charged with knowledge of agents,
officers, employees or other affiliates of Trustee.

         8.3   Individual Rights of Trustee; Disqualification. Trustee in its
individual or any other capacity may become the owner or pledgee of Notes and
may otherwise deal with the Company or an Affiliate with the same rights Trustee
would have if it were not Trustee.

         8.4   Trustee's Disclaimer. Trustee will have no responsibility for the
validity or adequacy of this Indenture, the Security Agreement or the Notes. The
Trustee will not be accountable for the Company's use of the proceeds from the
Notes. The Trustee will not be responsible for the accuracy or completeness of
any statement of fact in the Security Agreement or the Notes.

         8.5   Compensation and Indemnity.

               (a) The Company will pay to Trustee from time to time reasonable
compensation for Trustee's services. The Trustee's compensation will not be
limited by any law on compensation of a trustee of an express trust. The Company
will reimburse Trustee upon request for all reasonable out-of-pocket expenses
incurred by Trustee. Those expenses will include the reasonable compensation and
out-of-pocket expenses of Trustee's agents and counsel.

                                       13
<PAGE>

               (b) The Company will indemnify Trustee against any loss,
liability or expense incurred by Trustee. The Trustee will notify the Company
promptly of any claim for which Trustee may seek indemnity. The Company shall
defend the claim and Trustee shall cooperate in the defense. The Trustee may
have separate counsel and the Company will pay the reasonable fees and expenses
of such counsel. The Company need not pay for any settlement made without the
Company's consent, which consent shall not unreasonably be withheld.

               (c) The Company need not reimburse any expense or indemnify
against any loss or liability incurred by Trustee through gross negligence,
willful misconduct, or bad faith.

               (d) To secure the Company's payment obligations in this Section
8.5, Trustee will have a lien prior to the Notes on all money or property held
or collected by Trustee, except any money held in trust to pay principal and
interest on any Note(s).

               (e) Without prejudice to its rights under this Indenture, when
Trustee incurs expenses or renders services after an Event of Default relating
to the following, the expenses and the compensation for the services are
intended to constitute expenses of administration under any Bankruptcy Law when:

                   (i) the Company pursuant to, or within the meaning of, any
         Bankruptcy Law:

                         (A)  commences a voluntary case;

                         (B)  consents to the entry of an order for relief
         against the Company in an involuntary case;

                         (C)  consents to the appointment of a Custodian of the
         Company or for all or substantially all of the Company's property; or

                         (D)  makes a general assignment for the benefit of the
         Company's creditors; or

                   (ii)  a court of competent jurisdiction enters an order or
         decree under any Bankruptcy Law that:

                         (A)  is for relief against the Company in an
         involuntary case,

                         (B)  appoints a Custodian of the Company or for all or
         substantially all of the Company's property, or

                         (C)  orders the liquidation of the Company, and the
         order or decree remains unstayed and in effect for sixty (60) days.

                                       14
<PAGE>

         8.6   Replacement of Trustee.

               (a) A resignation or removal of Trustee and appointment of a
successor Trustee will become effective only upon the successor Trustee's
acceptance of appointment as provided in this Section 8.6.

               (b) The Trustee may resign by notifying the Company. The Holders
of at least sixty-six and 2/3 percent (662/3%) of the principal amount of
outstanding Notes may remove Trustee by notifying Trustee and the Company. The
Company may remove Trustee if:

                   (i)   Trustee fails to comply with Section 8.7;

                   (ii)  Trustee is adjudged bankrupt or insolvent;

                   (iii) a receiver or public officer takes charge of Trustee or
         its property; or

                   (iv)  Trustee becomes incapable of acting.

               (c) If Trustee resigns or is removed or if a vacancy exists in
the office of Trustee for any reason, the Company will promptly appoint a
successor Trustee.

               (d) If a successor Trustee is not appointed and does not take
office within thirty (30) days after the retiring Trustee resigns or is removed,
the retiring Trustee may appoint a successor Trustee at any time prior to the
date on which a successor Trustee takes office. If a successor Trustee does not
take office within forty-five (45) days after the retiring Trustee resigns or is
removed, the retiring Trustee, the Company or, subject to Section 6.8, any
Holder may petition any court of competent jurisdiction for the appointment of a
successor Trustee.

               (e) If Trustee fails to comply with Section 8.7, any Holder may
petition any court of competent jurisdiction for the removal of Trustee and the
appointment of a successor Trustee. Within one (1) year after a successor
Trustee appointed by the Company or a court pursuant to this Section 8.6 takes
office, the Holders of at least sixty-six and 2/3 percent (662/3%) of the
principal amount of outstanding Notes may appoint a successor Trustee to replace
such successor Trustee.

               (f) A successor Trustee will deliver a written acceptance of the
appointment to the retiring Trustee and to the Company. Upon receipt of the
acceptance by the Company, the resignation or removal of the retiring Trustee
will become effective, and the successor Trustee will have all the rights,
powers, and duties of Trustee under this Indenture. The successor Trustee shall
mail a notice of its succession to the Holders. The retiring Trustee will
promptly transfer all property held by that retiring Trustee as Trustee to the
successor Trustee, subject to the lien provided for in Section 8.5.

         8.7   Successor Trustee by Merger, etc. If Trustee consolidates, merges
or converts into, or transfers all or substantially all of its corporate trust
business to, another corporation, the successor corporation without any further
act will be the successor Trustee.

                                       15
<PAGE>

                                   ARTICLE IX
                           SATISFACTION AND DISCHARGE

         9.1   Satisfaction and Discharge of Indenture.

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

                   (i)   Either

                         (A) all Notes theretofore delivered (other than Notes
         for whose payment money has theretofore been deposited in trust or
         segregated and held in trust by the Company and thereafter repaid to
         the Company or discharged from such trust, as provided in Section 9.4)
         have been delivered to Trustee for cancellation; or

                         (B) all such Notes not theretofore delivered to Trustee
         for cancellation (i) have become due and payable, (ii) will become due
         and payable at their stated maturity within one (1) year, or (iii) are
         to be called for redemption within one (1) year under arrangements
         satisfactory to Trustee for the giving of notice of redemption by
         Trustee in the name, and at the expense, of the Company, and the
         Company has deposited or caused to be deposited with Trustee in trust
         an amount of money or U.S. Government Obligations sufficient to pay and
         discharge the entire indebtedness on such Notes not theretofore
         delivered to Trustee for cancellation, for principal and interest to
         the date of such deposit (in the case of Notes which have become due
         and payable) or to the stated maturity or redemption date, as the case
         may be;

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

                   (iii) the Company has delivered to Trustee a certificate of
         an Officer of the Company and a legal opinion from Company counsel,
         each stating that all conditions precedent herein relating to the
         satisfaction and discharge of this Indenture have been complied with.

               (b) Notwithstanding the satisfaction and discharge of this
Indenture, the obligations of the Company to the Holders under Section 4.1, to
Trustee under Section 8.5, and, if money or U.S. Government Obligations shall
have been deposited with Trustee pursuant to Section 9.1(a)(i)(B) of this
Section, the obligations of Trustee under Section 9.2 shall survive.

         9.2   Application of Trust Funds. The Trustee or Paying Agent shall
hold in trust, for the benefit of the Holders, all money and U.S. Government
Obligations deposited with it (or into which such money and U.S. Government
Obligations are reinvested) pursuant to Section 9.1. It shall apply such
deposited money and money from U.S. Government Obligations in accordance with
this Indenture to the payment of the principal and interest on the Notes. Money
and U.S. Government Obligations so held in trust (a) are not subject to Article
11 and (b) are subject to Trustee's rights under Section 8.5.

                                       16
<PAGE>

         9.3   Reinstatement. If Trustee or Paying Agent is unable to apply any
money or U.S. Obligations in accordance with Section 9.1 by reason of any order
or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, then the Company's obligations under
this Indenture and the Notes will be revived and restated as though no deposit
had occurred pursuant to this Article 9, until such time as Trustee or Paying
Agent is permitted to apply all such money or U.S. Government Obligations in
accordance with Section 9.1; provided, however, that if the Company makes any
payment of principal of, or interest on, any Note following the reinstatement of
its obligations, the Company will be subrogated to the rights of the Holders of
such Notes to receive such payment from the money or U.S. Government Obligations
held by Trustee or Paying Agent after payment in full to the Holders.

         9.4   Repayment to Company.

               (a) The Trustee and Paying Agent shall promptly turn over to the
Company upon request any excess money or U.S. Government Obligations held by
them at any time. All money or U.S. Government Obligations deposited with
Trustee pursuant to Section 9.1 (and held by it or a Paying Agent) for the
payment of Notes subsequently redeemed or cancelled will be returned to the
Company upon request.

               (b) The Trustee and the Paying Agent shall pay to the Company
upon request any money held by them for payment of principal or interest that
remains unclaimed for two (2) years after the right to such money has matured.
After payment to the Company, Holders entitled to the money shall look to the
Company for payment as unsecured general creditors unless an abandoned property
law designates another Person.

                                   ARTICLE X
                                   AMENDMENTS

         10.1  Without Consent of Holders. The Company and Trustee may amend
this Indenture or the Notes without the consent of any Holder:

               (a) to cure any ambiguity, defect or inconsistency;

               (b) to comply with Section 4.1; or

               (c) to make any change that does not adversely affect the rights
of any Holder.

         10.2  With Consent of Holders.

               (a) The Company and Trustee may amend this Indenture with the
written consent of the Holders of at least sixty-six and 2/3 percent (662/3%) of
the principal amount of outstanding Notes. However, without the consent of each
Holder affected, an amendment under this Section may not:

                                       17
<PAGE>

                   (i) reduce the amount of Notes whose Holders must consent to
         an amendment;

                   (ii) reduce the interest on or change the time for payment of
         interest on any Note;

                   (iii) reduce the principal of or change the fixed maturity of
         any Note;

                   (iv) reduce the premium payable upon the redemption of any
         Note or change the time at which any Note may or will be redeemed;

                   (v) make any Note payable in money other than of the type
         stated in the Note;

                   (vi) make any change to Section 6.5 or this Section 10.2; or

                   (vii) make any change to Article 11 that adversely affects
         the rights of any Holder.

               (b) The consent of the Holders under this Section will not be
necessary to approve the particular form of any proposed amendment, but will be
sufficient if that consent approves the substance of that amendment.

               (c) An amendment under this Section 10.2 may not make any change
that adversely affects the rights under Article 11 of any Senior Debt unless the
holder(s) of such Senior Debt consent(s) to the change.

         10.3  Compliance with Trust Indenture Act and Section 12.3. Every
amendment to this Indenture or the Notes shall comply with the TIA as then in
effect, so long as the Indenture and Notes are subject to the TIA. The Trustee
is entitled to, and the Company will provide, an opinion of counsel and a
certificate of an Officer of the Company pursuant to Section 12.3 that Trustee's
execution of any amendment or supplemental indenture is permitted under this
Article 10.

         10.4  Revocation and Effect of Consents and Waivers.

               (a) A consent to an amendment or a waiver by a Holder of a Note
will bind the Holder and every subsequent Holder of that Note or portion of the
Note that evidences the same debt as the consenting Holder's Note, even if a
notation of the consent or waiver is not made on the Note.

               (b) The Company may, but shall not be obligated to, fix a record
date for the purpose of determining the Holders entitled to give their consent
or take any other action described above or required or permitted to be taken
pursuant to this Indenture. If a record date is fixed, then notwithstanding the
immediately preceding paragraph, those Persons who were Holders at such record
date (or their duly designated proxies), and only those Persons, will be
entitled to give such consent or to revoke any consent previously given or take
any such action, whether or not such Persons continue to be Holders after such
record date. No consent will be valid or effective for more than one hundred
twenty (120) days after the record date.

                                       18
<PAGE>

         10.5  Notice of Amendment; Notation on or Exchange of Notes.

               (a) After any amendment under this Article 10 becomes effective,
the Company will mail to the Holders a notice briefly describing that amendment.
The failure to give notice to all Holders, or any defect in that notice, will
not impair or affect the validity of an amendment under this Article 10.

               (b) The Company or Trustee may place an appropriate notation
about an amendment or waiver on any Note issued after the date of that amendment
or waiver. The Company may issue in exchange for affected Notes new Notes that
reflect the amendment or waiver.

         10.6  Trustee Protected. The Trustee need not sign any supplemental
indenture that adversely affects that Trustee's rights.

                                   ARTICLE XI
                                  SUBORDINATION

         11.1  Notes Subordinated to Senior Debt. Except for the rights of
Holders to the Collateral described in the Security Agreement, which is a first
priority security interest in such Collateral, the rights of Holders to payment
of the principal of and interest on the Notes is subordinated to the rights of
holders of Senior Debt, to the extent and in the manner provided in this Article
11 and the Notes.

         11.2  Notes Subordinated in Any Proceeding. In the event that any
Distribution in any Proceeding is received by Trustee before all Senior Debt is
paid in full, such Distribution will be applied by Trustee in accordance with
this Article 11. As used in this Article 11, "Trustee" includes any Paying
Agent.

         11.3  No Payment on Notes in Certain Circumstances.

               (a) The Company shall not, directly or indirectly (other than in
capital stock of the Company) pay any principal of or interest on, redeem,
defease or repurchase the Notes except as provided in the Notes.

               (b) If any Distribution, payment or deposit to redeem, defease or
acquire any of the Notes shall have been received by Trustee at a time when such
Distribution was prohibited by the provisions of Section 11.3(a), then, unless
such Distribution is no longer prohibited by Section 11.3(a), such Distribution
will be received and applied by Trustee for the benefit of the holders of Senior
Debt, and will be paid or delivered by Trustee to the holders of Senior Debt for
application to the payment of all Senior Debt, pursuant to the terms of the
Notes and (i) the Wachovia Agreements, in the case of Wachovia, and (ii) the
applicable Senior Debt agreement(s), in the case of other holders of Senior
Debt.

                                       19
<PAGE>

         11.4  Obligations of the Company Unconditional. Nothing in this
Indenture is intended to or shall impair, as between the Company and the
Holders, the obligation of the Company, which is absolute and unconditional, to
pay to the Holders the principal of and interest on the Notes as and when the
same will become due and payable in accordance with their terms, or is intended
to or shall affect the relative rights of the Holders and creditors of the
Company, other than the holders of Senior Debt. If the Company fails because of
this Article 11 to pay principal of or interest on a Note on the due date, the
failure is still a Default. Upon any Distribution, Trustee and the Holders will
be entitled to rely upon any order or decree made by any court of competent
jurisdiction in which the Proceeding is pending, or a certificate of the
liquidating trustee or agent or other Person making any Distribution for the
purpose of ascertaining the Persons entitled to participate in such
Distribution, the holders of Senior Debt and other Debt of the Company, the
amount thereof or payable thereon, the amount or amounts paid or distributed
thereon and all other facts pertinent thereto or to this Article 11.

         11.5  Trustee Entitled to Assume Payments Not Prohibited in Absence of
Notice. The Trustee shall not at any time be charged with knowledge of the
existence of any facts which would prohibit the making of any payment to or by
Trustee, unless and until Trustee shall have received, no later than three (3)
Business Day(s) prior to such payment, written notice thereof from the Company
or from one or more holders of Senior Debt (or shall have expressly declared in
writing actual knowledge of such fact) and, prior to the receipt of any such
written notice (or the existence of such declaration), Trustee will be entitled
in all respects conclusively to presume that no such fact exists. Unless Trustee
shall have received the notice provided for in the preceding sentence or shall
have expressly declared in writing actual knowledge of such fact, Trustee shall
have full power and authority to receive such payment and to apply the same to
the purpose for which it was received, and shall not be affected by any notice
to the contrary which may be received by it on or after such date. The foregoing
shall not apply to the Company or any of its Affiliates acting as Paying Agent.

         11.6  Satisfaction and Discharge. Amounts deposited in trust with
Trustee pursuant to and in accordance with Article 9 and not prohibited to be
deposited under Section 11.3(a) when deposited shall not be subject to this
Article 11.

         11.7  Subordination Rights Not Impaired by Acts or Omissions of the
Company or Holders of Senior Debt. No right of any holder of any Senior Debt
established in this Article 11 shall at any time or in any way be prejudiced or
impaired by any act or failure to act on the part of the Company or by any act
or failure to act, in good faith, by any such holder, or by any failure by the
Company to comply with the terms of this Indenture.

         11.8  No Fiduciary Duty of Trustee or Holders to Holders of Senior
Debt. Neither Trustee nor the Holders owes any fiduciary duty to the holders of
Senior Debt. Neither Trustee nor the Holders will be liable to any holder of
Senior Debt in the event that Trustee, acting in good faith, shall pay over or
distribute to the Holders, the Company, or any other Person, any property to
which any holders of Senior Debt are entitled by virtue of this Article 11 or
otherwise. Nothing contained in this Section 11.8 shall affect the obligation of
any other such Person to hold such payment for the benefit of, and to pay such
payment over to, the holders of Senior Debt.

         11.9  Trustee's Rights to Compensation, Reimbursement of Expenses and
Indemnification. The Trustee's rights to compensation, reimbursement of expenses
and indemnification under Sections 6.6 and 8.5 are not subordinated.

                                       20
<PAGE>

         11.10 Exception for Certain Distributions. The rights of holders of
Senior Debt under this Article 11 do not extend (a) to any Distribution to the
extent applied to Trustee's rights to compensation, reimbursement of expenses or
indemnification or (b) to Distributions under any plan approved by the court in
any Proceeding.

                                   ARTICLE XII
                                  MISCELLANEOUS

         12.1  Notices.

               (a) Any notice or communication is duly given if in writing and
delivered in person or sent by first-class mail (registered or certified, return
receipt requested), facsimile or overnight air courier guaranteeing next-day
delivery, addressed as follows:

         If to the Company:

               Streicher Mobile Fueling, Inc.
               800 West Cypress Creek Road, Suite 580
               Ft. Lauderdale, Florida 33309
               Attn: Richard E. Gathright
               Ph: 954-308-4200
               Fax: 954-308-4210

         If to the Trustee:

               American National Bank
               3033 East 1st Avenue
               Denver, CO  80206
               Attention:  Philip Munishor
               Ph: 303-394-5123
               Fax: 303-394-5320

The Company or the Trustee by notice to the other may designate additional or
different addresses for subsequent notices or communications.

               (b) All notices and communications (other than those sent to
Holders) shall be deemed to have been duly given: at the time delivered by hand,
if personally delivered; five (5) business days after being deposited in the
mail, postage prepaid, if mailed; when receipt acknowledged, if faxed; and the
next business day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next-day delivery.

               (c) Any notice or communication to a Holder shall be mailed by
first-class mail to such Holder's address shown on the register kept by the
Registrar. Failure to mail a notice or communication to a Holder or any defect
in it shall not affect its sufficiency with respect to other Holders. If the
Company mails a notice or communication to Holders, it shall mail a copy to the
Trustee at the same time.

                                       21
<PAGE>

               (d) If a notice or communication is mailed in the manner provided
above within the time prescribed, it is duly given, whether or not the addressee
receives it.

         12.2  Communication by Holders with Other Holders. Holders may
communicate with other Holders with respect to their rights under this
Indenture, the Note or the Securities Purchase Agreement.

         12.3  Certificate and Opinion as to Conditions Precedent. Upon any
request or application by the Company to Trustee to take any action under this
Indenture, the Company shall furnish to Trustee:

               (a) a certificate of an Officer of the Company stating that, to
the knowledge of such Officer, all conditions precedent, if any, provided for in
this Indenture relating to the proposed action have been complied with; and

               (b) an opinion of counsel to the Company stating that, in the
opinion of such counsel, all such conditions precedent have been complied with.

         12.4  Statements Required in Certificate or Opinion. Each certificate
or opinion with respect to compliance with a condition or covenant provided for
in this Indenture shall include:

               (a) a statement that each Person making such certificate or
opinion has read such covenant or condition;

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

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

               (d) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been complied with.

         12.5  Rules by Trustee. The Trustee may make reasonable rules for
action by or a meeting of Holders.

         12.6  No Recourse Against Others. A director, officer, employee or
stockholder, as such, of the Company shall not have any liability for any
obligations of the Company under the Notes or the Indenture or for any claim
based on, in respect of or by reason of such obligations or their creation.

         12.7  Variable Provisions.

               (a) The Company will initially act as Paying Agent.

               (b) The first certificate pursuant to Section 4.3 will be for the
fiscal year ending on June 30, 2005.

                                       22
<PAGE>

               (c) The depositary institution into which Trustee or Paying Agent
deposits any funds held under this Indenture shall always have a combined
capital and surplus of at least $50,000,000 as set forth in its most recent
published annual report of condition. The Trustee and Paying Agent will be
deemed to be in compliance with the capital and surplus requirement set forth in
the preceding sentence if the obligations of such depositary institution are
guaranteed by a Person which could otherwise qualify as such depositary
institution hereunder.

         12.8  Governing Law. The laws of the State of Florida shall govern this
Indenture, without regard to the conflicts of laws of that state.

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

         12.10 Effect of Headings, Table of Contents, etc. The Article and
Section headings herein and the table of contents are for convenience only and
shall not affect the construction hereof.

         12.11 Counterparts; Facsimile. This Indenture may be executed in two or
more counterparts, each of which shall be deemed to be an original but all of
which taken together shall constitute one agreement. Signatures to this
Indenture may be transmitted by facsimile and such transmission shall be deemed
to be an original.

         12.12 Successors and Assigns. All covenants and agreements of the
Company in this Indenture and the Notes shall bind its successors and assigns.
All agreements of the Trustee in this Indenture shall bind its successor.

         12.13 No Interpretation of Other Agreements. This Indenture may not be
used to interpret another indenture, loan or debt agreement of the Company or
any Subsidiary. Any such indenture, loan or debt agreement may not be used to
interpret this Indenture.

                            [Signature page follows.]

                                       23
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be
executed by their respective duly authorized officers or persons as of the date
first set forth above.

                                    COMPANY:

                                    Streicher Mobile Fueling, Inc.

                                    By: /s/Richard E. Gathright
                                        ----------------------------------------
                                           Richard E. Gathright, President and
                                           Chief Executive Officer

                                    TRUSTEE:
                                    American National Bank

                                    By: /s/Tamara L. Dixon
                                        ----------------------------------------
                                    Name: Tamara L. Dixon
                                    Title:

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

                                       24THE SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY STATE
SECURITIES LAW. THESE SECURITIES MAY NOT BE SOLD OR OFFERED FOR SALE IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION THEREFROM.

THIS WARRANT MAY NOT BE EXERCISED EXCEPT IN COMPLIANCE WITH ALL APPLICABLE
FEDERAL AND STATE SECURITIES LAWS TO THE REASONABLE SATISFACTION OF THE COMPANY
AND LEGAL COUNSEL FOR THE COMPANY.

Void after 5:00 P.M., Fort Lauderdale,   Right to Purchase 140,300 Shares of the
Florida time, on  January 24, 2009.      Common Stock of Streicher Mobile
                                         Fueling, Inc.

                         STREICHER MOBILE FUELING, INC.

                             STOCK PURCHASE WARRANT

         Streicher Mobile Fueling, Inc., a Florida corporation (the "COMPANY"),
hereby certifies that for value received, Philadelphia Brokerage Corporation,
992 Old Eagle School Road, Suite 915, Wayne, Pennsylvania 19087, EIN 23-2571052
or its assigns ("HOLDER"), is entitled to purchase, subject to the terms and
conditions hereinafter set forth, an aggregate of One Hundred Forty Thousand
Three Hundred (140,300) fully paid and nonassessable shares ("SHARES") of the
common stock of the Company ("COMMON STOCK"), at an exercise price per Share
equal to One Dollar and Sixty Cents ($1.60) per Share. The number of Shares to
be received upon the exercise of this Warrant and the price to be paid for a
Share may be adjusted from time to time as hereinafter set forth. The exercise
price of a Share in effect at any time and as adjusted from time to time is
hereinafter referred to as the "WARRANT PRICE."

     1.  Term. The purchase right represented by this Warrant for 140,300 Shares
is exercisable for a period of four (4) years, but in no event later than 5:00
P.M., Fort Lauderdale, Florida time, on January 24, 2009 (the "EXPIRATION
DATE"). The Company shall be under no obligation to furnish to any Holder a
notice of the expiration of this Warrant.

     2.  Method of Exercise; Payment; Issuance of Shares and New Warrant.

         (a)   Cash. Subject to Section 1 hereof, the purchase right represented
by this Warrant may be exercised by any Holder hereof, in whole or in part, by
the surrender of this Warrant (together with a duly executed notice of exercise,
substantially in the form attached hereto as Exhibit A) at the principal office
of the Company and the payment to the Company, in immediately available funds,
of an amount equal to the then applicable Warrant Price per Share multiplied by
the number of Shares then being purchased.

<PAGE>

         (b)   Net Issue Exercise. In lieu of exercising this Warrant for cash,
Holder may elect to receive Shares equal to the value (as determined below) of
this Warrant (or the portion thereof being canceled) by surrender of this
Warrant at the principal office of the Company together with the duly executed
notice of exercise in which event the Company shall issue to the Holder a number
of Shares computed using the following formula:

                  X    =     Y(A-B)
                             ------
                                 A

Where:            X    =    the number of shares of Common Stock to be issued
                            to the Holder.

                  Y    =    the number of shares of Common Stock with respect
                            to which this Warrant is being exercised.

                  A    =    the fair market value of one share of Common Stock.

                  B     =   Warrant Price.

         (c)   Merger, Acquisition or Consolidation. If the Company is merged,
acquired or consolidated pursuant to a transaction in which the Company is not
the surviving party, Holder may elect, or the Company may require, on the date
of such merger, acquisition or consolidation, Holder to surrender some or all of
the rights represented by this Warrant in exchange for a number of Shares equal
to the value of the Warrant being surrendered, in which case the number of
Shares to be issued to Holder upon such surrender shall be computed using the
formula set forth in Section 2(b). If any Holder does surrender such exercise
right in conjunction with a merger, acquisition or other consolidation pursuant
to which the Company is not the surviving party, then the fair market value of
one share of Common Stock shall be the value received by the holders of the
Company's Common Stock pursuant to such transaction for each share of Common
Stock, and such purchase shall be effective upon the closing of such
transaction, subject to the due, proper and prior surrender of this Warrant.

         (d)   Delivery of Shares and New Warrant. In the event of an exercise
of the purchase right represented by this Warrant, certificates for the Shares
of stock so purchased shall be delivered to the exercising Holder hereof within
thirty (30) days of the effective date of such purchase and, unless this Warrant
has been fully exercised or expired, a new Warrant representing the portion of
the Shares, if any, with respect to which this Warrant shall not then have been
exercised shall also be issued to such Holder hereof within such thirty-day
period. Upon the effective date of such purchase, the exercising Holder shall be
deemed to be the holder of record of the Shares, even if a certificate
representing such Shares has not been delivered to such Holder or if such Shares
have not yet been set forth on the stock transfer books of the Company.

     3.  Stock Fully Paid; Reservation of Shares. All Shares which may be issued
upon the exercise of the rights represented by this Warrant will, upon issuance,
be fully paid and nonassessable, and free from all taxes, liens and charges with
respect to the issue thereof. During the period within which the rights
represented by this Warrant may be exercised, the Company will at all times have
authorized, and reserved for the purpose of the issue upon exercise of the
purchase rights evidenced by this Warrant, a sufficient number of Shares of its
Common Stock to provide for the exercise of the rights represented by this
Warrant.

                                       2
<PAGE>

     4.  Adjustment of Warrant Price and Number of Shares. The number and kind
of securities purchasable upon the exercise of this Warrant and the Warrant
Price shall be subject to adjustment from time to time upon the occurrence of
certain events, as follows:

         (a)  Reclassification or Merger. In case of any reclassification or
change of outstanding securities of the class issuable upon exercise of this
Warrant (other than a change in par value, or from par value to no par value, or
from no par value to par value, or as a result of a subdivision or combination),
or in case of any merger of the Company with or into another corporation (other
than a merger with another corporation in which the Company is a continuing
corporation and which does not result in any reclassification or change of
outstanding securities issuable upon exercise of this Warrant), or in case of
any sale of all or substantially all of the assets of the Company, the Company
shall, as a condition precedent to such transaction, (i) require the surrender
of the Warrant pursuant to Section 2 hereof, or (ii) execute a new Warrant or
cause such successor or purchasing corporation, as the case may be, to execute a
new Warrant, providing that the Holders shall have the right to exercise such
new Warrant and upon such exercise to receive, in lieu of each Share of Common
Stock theretofore issuable upon exercise of this Warrant, the kind and amount of
shares of stock, other securities, money and property receivable upon such
reclassification, change or merger by the holder of one share of Common Stock,
or (iii) any combination thereof. Such new Warrant shall provide for adjustments
which shall be as nearly equivalent as may be practicable to the adjustments
provided for in this Section 4. The provisions of this Section 4(a) shall
similarly apply to successive reclassifications, changes, mergers and transfers.

         (b)  Subdivision or Combination of Shares. If the Company at any time
while this Warrant remains outstanding and unexpired shall subdivide or combine
its Common Stock, the Warrant Price shall be proportionately decreased in the
case of a subdivision or increased in the case of a combination.

         (c)  Stock Dividends. If the Company at any time while this Warrant is
outstanding and unexpired shall pay a dividend or other distribution with
respect to Common Stock or any other equity interest in the Company which is
payable in Common Stock (except any distribution specifically provided for in
the foregoing Sections 4(a) and 4(b)) then the Warrant Price shall be adjusted,
from and after the date of determination of stockholders entitled to receive
such dividend or distribution to that price determined by multiplying the
Warrant Price in effect immediately prior to such date of determination by a
fraction (a) the numerator of which shall be the total number of shares of
Common Stock outstanding immediately prior to such dividend or distribution and
(b) the denominator of which shall be the total number of shares of Common Stock
outstanding immediately after such dividend or distribution.

                                       3
<PAGE>

         (d)  Adjustment of Number of Shares. Upon each adjustment in the
Warrant Price, the number of Shares of Common Stock purchasable hereunder shall
be adjusted, to the nearest whole Share, to the product obtained by multiplying
the number of Shares purchasable immediately prior to such adjustment in the
Warrant Price by a fraction, the numerator of which shall be the Warrant Price
immediately prior to such adjustment and the denominator of which shall be the
Warrant Price immediately thereafter.

     5.  Notice of Adjustments. Whenever the Warrant Price shall be adjusted
pursuant to Section 4 hereof, the Company shall make a certificate signed by its
chief financial officer setting forth, in reasonable detail, the event requiring
the adjustment, the amount of the adjustment, the method by which such
adjustment was calculated, and the Warrant Price or Prices after giving effect
to such adjustment, and shall cause copies of such certificate to be mailed (by
first class mail, postage prepaid) to the Holder.

     6.  Notice of Certain Actions. In the event that the Company shall propose
at any time:

         (i)   to declare any dividend or distribution upon any class or series
     of its stock, whether in cash, property, stock or other securities, whether
     or not a regular cash dividend and whether or not out of earnings or earned
     surplus;

         (ii)  to offer for subscription pro rata to the Holders of any class or
     series of its stock any additional shares of stock of any class or series
     or other rights;

         (iii) to effect any reclassification or recapitalization of its Common
     Stock outstanding involving a change in the Common Stock; or

         (iv)  to merge or consolidate with or into any other corporation, or
     sell, lease or convey all or substantially all its assets or property, or
     to liquidate, dissolve or wind up, whether voluntary or involuntary,

     then in connection with each such event, the Company shall send to the
     Holder:

               (1)   in respect of the matters referred to in (i) and (ii)
     above, at least ten (10) days' prior written notice of the date on which a
     record shall be taken for such dividend, distribution or subscription
     rights (and specifying the date on which the holders of Common Stock shall
     be entitled thereto) or for determining rights to vote;

               (2)   in the case of the matters referred to in (iii) and (iv)
     above, at least ten (10) days' prior written notice of the date for the
     determination of stockholders entitled to vote thereon (and specifying the
     date on which the holders of Common Stock Shares shall be entitled to
     exchange their Common Stock for securities or other property deliverable
     upon the occurrence of such event); and

               (3)   prompt notice of any material change in the terms of any
     transaction described in (i) through (iv) above.

     Each such written notice shall be delivered personally or given by first
class mail, postage prepaid, addressed to the Holders of the Warrants at the
address for each such Holder as shown on the books of this Company.

                                       4
<PAGE>

     7.  Fractional Shares. No fractional Shares of Common Stock will be issued
in connection with any exercise hereunder, but in lieu of such fractional Shares
the Company shall make a cash payment therefore in an amount determined in such
reasonable manner as may be prescribed by the board of directors of the Company.

      8. Compliance with Securities Act. The Holders, by acceptance hereof,
agree that this Warrant and the Shares to be issued upon exercise hereof are
being acquired for investment and that no Holder will offer, sell or otherwise
dispose of this Warrant or any Shares to be issued upon exercise hereof except
under circumstances which will not result in a violation of the Securities Act
of 1933, as amended (the "SECURITIES ACT"). Upon any acquisition or exercise of
this Warrant or any portion thereof, the exercising Holder shall confirm in
writing, in a form attached hereto as Exhibit B, that the Shares so purchased
are being acquired for investment and not with a view toward distribution or
resale other than by a registration statement filed by the Company. In addition,
in the absence of such registration, the exercising Holder shall provide such
additional information regarding such Holder's financial and investment
background as the Company may reasonably request. All Shares issued upon
exercise of this Warrant (unless registered under the Securities Act) shall be
stamped or imprinted with a legend in substantially the following form:

         The Shares represented by this Certificate have not been registered
         under the Securities Act of 1933 (the "SECURITIES ACT") or the
         securities laws of any state and are "restricted securities" as that
         term is defined in Rule 144 under the Securities Act. Such Shares may
         not be offered for sale, sold or otherwise transferred except pursuant
         to an effective registration statement under the Securities Act and the
         applicable state securities laws or pursuant to an exemption from
         registration thereunder, the availability of which is to be established
         to the satisfaction of counsel to the issuer.

     9.  Registration Rights. Nothing contained in this Section 9 shall be
construed as requiring the exercise of the Warrant prior to the initial filing
of any registration statement provided for in this Section 9 or the
effectiveness thereof.

         (a)  Demand Registration. At any time commencing on the date of
issuance of this warrant as shown on the signature page hereto (the "ISSUE
DATE") and on or before the Expiration Date, the holders of at least sixty-six
and two-thirds percent (662/3%) of the shares (the "REGISTRABLE SHARES")
issuable upon exercise of (i) the warrants issued in accordance with the
Securities Purchase Agreement dated January 25, 2005 (the "SECURITIES PURCHASE
AGREEMENT") between the Company, the Holder and the other Purchasers (as defined
therein) and (ii) this Warrant, shall have the right to request registration
under the Securities Act for all or any portion of the Registrable Shares upon
the terms and conditions set forth in this Section 9(a). Promptly after receipt
of a request for registration pursuant to this Section 9(a) the Company shall
notify the Holder in writing of such request for registration. Upon receipt of
such notice from the Company (the "COMPANY NOTICE"), the Holder may give the
Company a written request to register all or some of the Holder's Shares in the
Registration Statement described in the Company Notice (the "DEMAND NOTICE"),

                                       5
<PAGE>

provided that such Demand Notice is given within ten (10) days after the date on
which the Company Notice is given (with such request stating (i) the amount of
Shares to be included and (ii) any other information reasonably requested by the
Company to properly effect the registration of such Shares). The Company shall,
as soon as practicable after the date on which the Company Notice is given, file
with the Securities and Exchange Commission (the "SEC") and use its best efforts
to cause to become effective a Registration Statement which shall cover the
Shares specified in the Demand Notice and in any written request from any other
Purchaser received by the Company within ten (10) days of the date on which the
Company Notice is given. No right to registration of Shares under this Section
9(a) shall be construed to limit any registration required under Section 9(b)
hereof. The obligations of the Company under this Section 9(a) shall expire
after the Company has afforded the Holder the opportunity to exercise
registration rights under this Section 9(a) for one registration.

         (b)  Piggy-back Registration. If at any time commencing on the Issue
Date and on or before the Expiration Date, the Company shall determine to
prepare and file with the SEC a Registration Statement relating to an offering
for its own account or the account of others under the Securities Act of any
securities of the Company, other than on Form S-4 or Form S-8 or their then
equivalents relating to equity securities to be issued solely in connection with
any acquisition of any entity or business or equity securities issuable in
connection with employee benefit plans, the Company shall send to the Holder
written notice of such determination and if, within ten (10) days after receipt
of such notice, Holder shall so request in writing, the Company shall include in
such Registration Statement all or any part of the Shares the Holder requests to
be registered, except that if, in connection with any underwritten public
offering for the account of the Company, the managing underwriter(s) thereof
shall impose a limitation on the number of Registrable Shares which may be
included in the Registration Statement because, in such underwriter(s)'
judgment, such limitation is necessary to effect an orderly public distribution,
then the Company shall be obligated to include in such Registration Statement
only such limited portion of the Registrable Shares with respect to which Holder
has requested inclusion. Any exclusion of Registrable Shares shall be made pro
rata among all Purchasers who have requested that Registrable Shares be
included, in proportion to the number of Registrable Shares specified in their
respective requests; provided, however, that the Company shall not exclude any
Registrable Shares unless the Company has first excluded all outstanding
securities the holders of which are not entitled by right to inclusion of
securities in such Registration Statement; and provided further, however, that,
after giving effect to the immediately preceding proviso, any exclusion of
Registrable Shares shall be made pro rata with holders of other securities
having the right to include such securities in the Registration Statement, based
on the number of securities for which registration is requested except to the
extent such pro rata exclusion of such other securities is prohibited under any
written agreement entered into by the Company with the holder of such other
securities prior to the Issue Date, in which case such other securities shall be
excluded, if at all, in accordance with the terms of such agreement. No right to
registration of Shares under this Section 9(b) shall be construed to limit any
registration required under Section 9(a) hereof. The obligations of the Company
under this Section 9(b) may be waived by holders of at least sixty-six and
two-thirds percent (662/3%) of the Registrable Shares.

                                       6
<PAGE>

         (c)  Obligations of the Company. In connection with the registration of
the Shares, the Company shall:

               (i)   prepare promptly and file with the SEC the Registration
     Statement provided in Section 9(a) with respect to the Shares and
     thereafter to use its best efforts to cause such Registration Statement
     relating to the Shares to become effective as soon as possible after such
     filing, and keep the Registration Statement effective at all times until
     the earlier of (A) two years from the Expiration Date or (B) the date on
     which all Registrable Shares have been sold by the holders thereof (the
     "REGISTRATION PERIOD"); submit to the SEC, within three (3) Business Days
     after the Company learns that no review of the Registration Statement will
     be made by the staff of the SEC or the staff of the SEC has no further
     comments on the Registration Statement, as the case may be, a request for
     acceleration of the effectiveness of the Registration Statement to a time
     and date not later than forty-eight (48) hours after the submission of such
     request; notify the Holder of the effectiveness of the Registration
     Statement on the date the Registration Statement is declared effective;
     and, the Company represents and warrants to, and covenants and agrees with
     the Holder that the Registration Statement (including any amendments or
     supplements thereto and prospectuses contained therein, at the time it is
     first filed with the SEC, at the time it is ordered effective by the SEC
     and at all times during which it is required to be effective hereunder) and
     each such amendment and supplement at the time it is filed with the SEC and
     all times during which it is available for use in connection with the offer
     and sale of Shares shall not contain any untrue statement of a material
     fact or omit to state a material fact required to be stated therein, or
     necessary to make the statements therein, in light of the circumstances in
     which they were made, not misleading;

               (ii)  prepare and file with the SEC such amendments (including
     post-effective amendments) and supplements to the Registration Statement
     and the prospectus used in connection with the Registration Statement as
     may be necessary to keep the Registration Statement effective at all times
     during the Registration Period, and during the Registration Period, comply
     with the provisions of the Securities Act with respect to the disposition
     of all Shares covered by the Registration Statement until such time as all
     of such Shares have been disposed of in accordance with the intended
     methods of disposition by the Holder as set forth in the Registration
     Statement;

               (iii) furnish to the Holder (1) promptly after the same is
     prepared and publicly distributed, filed with the SEC or received by the
     Company, one copy of the Registration Statement and any amendment thereto,
     each preliminary prospectus and prospectus and each amendment or supplement
     thereto, each letter written by or on behalf of the Company to the SEC or
     the staff of the SEC and each item of correspondence from the SEC or the
     staff of the SEC relating to such Registration Statement (other than any
     portion of any thereof which contains information for which the Company has
     sought confidential treatment) and (2) such number of copies of a
     prospectus, including a preliminary prospectus and all amendments and
     supplements thereto and such other documents, as such Holder reasonably may
     request in order to facilitate the disposition of the Shares;

                                       7
<PAGE>

               (iv)  use best efforts to register and qualify the Shares covered
     by the Registration Statement under such securities or blue sky laws of
     such jurisdictions as the Purchasers who hold at least sixty-six and
     two-thirds percent (662/3%) of the Registrable Shares being offered
     reasonably request and use reasonable efforts to (1) prepare and file in
     those jurisdictions such amendments (including post-effective amendments)
     and supplements to such registrations and qualifications as may be
     necessary to maintain the effectiveness thereof at all times until the end
     of the Registration Period, (2) take such other actions as may be necessary
     to maintain such registrations and qualifications in effect at all times
     during the Registration Period and (3) take all other actions reasonably
     necessary or advisable to qualify the Shares for sale in such
     jurisdictions; provided, however, that the Company shall not be required in
     connection therewith or as a condition thereto (1) to qualify to do
     business in any jurisdiction where it would not otherwise be required to
     qualify but for this Section 9(c)(iv), (2) to subject itself to general
     taxation in any such jurisdiction, (3) to file a general consent to service
     of process in any such jurisdiction or (4) to make any change in its
     Articles of Incorporation or Bylaws which the Board of Directors of the
     Company determines to be contrary to the best interests of the Company and
     its stockholders;

               (v)   as promptly as practicable after becoming aware of such
     event or circumstance, notify the Holder of any event or circumstance of
     which the Company has knowledge, as a result of which the prospectus
     included in the Registration Statement, as then in effect, includes an
     untrue statement of a material fact or omits to state a material fact
     required to be stated therein or necessary to make the statements therein,
     in light of the circumstances under which they were made, not misleading,
     and use its reasonable best efforts promptly to prepare a supplement or
     amendment to the Registration Statement to correct such untrue statement or
     omission, file such supplement or amendment with the SEC at such time as
     shall permit the Holder to sell Shares pursuant to the Registration
     Statement as promptly as practicable, and deliver a number of copies of
     such supplement or amendment to the Holder as the Holder may reasonably
     request;

               (vi)  as promptly as practicable after becoming aware of such
     event, notify the Holder (or, in the event of an underwritten offering the
     managing underwriters) of the issuance by the SEC of any stop order or
     other suspension of effectiveness of the Registration Statement at the
     earliest possible time;

               (vii) permit one legal counsel designated by the Purchasers
     holding at least sixty-six and two-thirds percent (662/3%) of the
     Registrable Shares being sold to review and comment on the Registration
     Statement and all amendments and supplements thereto a reasonable period of
     time prior to their filing with the SEC;

               (viii) make generally available to its security holders as soon
     as practical, but not later than ninety (90) days after the close of the
     period covered thereby, an earnings statement (in form complying with the
     provisions of Rule 158 under the Securities Act) covering a twelve (12)
     month period beginning not later than the first day of the Company's fiscal
     quarter next following the effective date of the Registration Statement;

                                       8
<PAGE>

               (ix)  during the period the Company is required to maintain
     effectiveness of the Registration Statement pursuant to Section 9(c)(i),
     the Company shall not bid for or purchase any Common Stock or other
     securities or any right to purchase Common Stock or other securities or
     attempt to induce any person to purchase any such security or right if such
     bid, purchase or attempt would in any way limit the right of the Holder to
     sell Shares by reason of the limitations set forth in Regulation M under
     the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT"); and

               (x)   take all other reasonable actions necessary to expedite and
     facilitate disposition by the Holder of the Shares pursuant to the
     Registration Statement.

         (d)   Obligations of the Holder. In connection with the registration of
the Shares, the Holder shall have the following obligations:

               (i)   it shall be a condition precedent to the obligations of the
     Company to complete the registration pursuant hereto with respect to the
     Holder's Shares that the Holder shall furnish to the Company such
     information regarding Holder, the Shares held by Holder and the intended
     method of disposition of the Shares held by Holder as shall be reasonably
     required to effect the registration of such Shares and shall execute such
     documents in connection with such registration as the Company may
     reasonably request. At least five (5) days prior to the first anticipated
     filing date of the Registration Statement, the Company shall notify the
     Holder of the information the Company requires from the Holder (the
     "REQUESTED INFORMATION") if any of Holder's Shares are eligible for
     inclusion in the Registration Statement. If at least two (2) Business Days
     prior to the filing date the Company has not received the Requested
     Information from the Holder (at such time Holder becoming a "NON-RESPONSIVE
     HOLDER"), then the Company may file the Registration Statement without
     including the Shares but shall not be relieved of its obligation to file a
     Registration Statement with the SEC relating to the Shares of
     Non-Responsive Holder promptly after Non-Responsive Holder provides the
     Requested Information;

               (ii)  by Holder's acceptance of the Shares, Holder agrees to
     cooperate with the Company as reasonably requested by the Company in
     connection with the preparation and filing of the Registration Statement
     hereunder, unless Holder has notified the Company in writing of such
     Holder's election to exclude all of Holder's Shares from the Registration
     Statement;

                                       9
<PAGE>

               (iii) in the event Purchasers holding at least sixty-six and
     two-thirds percent (662/3%) of the Registrable Shares being registered
     determine to engage the services of an underwriter, Holder agrees to enter
     into and perform Holder's obligations under an underwriting agreement, in
     usual and customary form, including, without limitation, customary
     indemnification and contribution obligations, with the managing underwriter
     of such offering and take such other actions as are reasonably required in
     order to expedite or facilitate the disposition of Shares, unless Holder
     has notified the Company in writing of the Holder's election to exclude all
     of Holder's Shares from the Registration Statement;

               (iv)  Holder agrees that, upon receipt of any notice from the
     Company of the happening of any event of the kind described in Section
     9(c)(v), Holder will immediately discontinue disposition of Shares pursuant
     to the Registration Statement covering such Shares until Holder's receipt
     of the copies of the supplemented or amended prospectus contemplated by
     Section 9(c)(v) and, if so directed by the Company, Holder shall deliver to
     the Company (at the expense of the Company) or destroy (and deliver to the
     Company a certificate of destruction) all copies in such Holder's
     possession of the prospectus covering such Shares current at the time of
     receipt of such notice;

               (v)   Holder may not participate in any underwritten registration
     hereunder unless Holder (1) agrees to sell Holder's Shares on the basis
     provided in any underwriting arrangements approved by the Purchasers
     entitled hereunder to approve such arrangements, (2) completes and executes
     all questionnaires, powers of attorney, indemnities, underwriting
     agreements and other documents reasonably required under the terms of such
     underwriting arrangements and (3) agrees to pay its pro rata share of all
     underwriting discounts and commissions and other fees and expenses of
     investment bankers and any manager or managers of such underwriting and
     legal expenses to the underwriters applicable with respect to its Shares,
     in each case to the extent not payable by the Company pursuant to the terms
     of this Agreement; and

               (vi)  Holder agrees to take all reasonable actions necessary to
     comply with the prospectus delivery requirements of the Securities Act
     applicable to its sales of Shares.

         (e)  Expenses of Registration. All costs and expenses, other than
underwriting or brokerage discounts, commissions and other fees related to the
distribution of the Registrable Shares, incurred in connection with
registrations, filings or qualifications pursuant to Sections 9(a) and 9(b),
including, without limitation, all registration, listing and qualifications
fees, printers and accounting fees and the fees and disbursement of counsel for
the Company shall be borne by the Company, provided, however, that the Holder
together with the other Purchasers shall bear the fees and out-of-pocket
expenses of the one legal counsel selected by the Purchasers pursuant to Section
9(c)(vii) hereof.

         (f)  Indemnification. In the event any Shares are included in a
Registration Statement under this Agreement:

               (i)   To the extent permitted by law, the Company will indemnify
     and hold harmless Holder, the directors, if any, of Holder, the officers,
     if any, of Holder, each person, if any, who controls Holder within the
     meaning of the Securities Act or the Exchange Act, any underwriter (as
     defined in the Securities Act) for Holder, the directors, if any, of such
     underwriter and the officers, if any, of such underwriter, and each person,
     if any, who controls any such underwriter within the meaning of the
     Securities Act or the Exchange Act (each, an "INDEMNIFIED PERSON"), against
     any losses, claims, damages, liabilities or expenses (joint or several)
     incurred (collectively, "CLAIMS") to which any of them may become subject
     under the Securities Act, the Exchange Act or otherwise, insofar as such
     Claims (or actions or proceedings, whether commenced or threatened, in

                                       10
<PAGE>

     respect thereof) arise out of or are based upon any of the following
     statements, omissions or violations in the Registration Statement or any
     post-effective amendment thereof, or any prospectus included therein: (1)
     any untrue statement or alleged untrue statement of a material fact
     contained in the Registration Statement or any post-effective amendment
     thereof or the omission or alleged omission to state therein a material
     fact required to be stated therein or necessary to make the statements
     therein not misleading, (2) any untrue statement or alleged untrue
     statement of a material fact contained in any preliminary prospectus if
     used prior to the effective date of such Registration Statement, or
     contained in the final prospectus (as amended or supplemented, if the
     Company files any amendment thereof or supplement thereto with the SEC) or
     the omission or alleged omission to state therein any material fact
     necessary to make the statements made therein, in light of the
     circumstances under which the statements therein were made, not misleading
     or (3) any violation or alleged violation by the Company of the Securities
     Act, the Exchange Act, any state securities law or any rule or regulation
     under the Securities Act, the Exchange Act or any state securities law (the
     matters in the foregoing clauses (1) through (3) being, collectively,
     "Violations.") Subject to the restrictions set forth in Section 9(f)(iv)
     with respect to the number of legal counsel, the Company
     shall reimburse Holder and the other Indemnified Persons, promptly as such
     expenses are incurred and are due and payable, for any legal fees or other
     reasonable expenses incurred by them in connection with investigating or
     defending any such Claim. Notwithstanding anything to the contrary
     contained herein, the indemnification agreement contained in this Section
     9(f)(i): (1) shall not apply to a Claim arising out of or
     based upon a Violation which occurs in reliance upon and in conformity with
     information furnished in writing to the Company by any Indemnified Person
     or underwriter for such Indemnified Person expressly for use in connection
     with the preparation of the Registration Statement, the prospectus or any
     such amendment thereof or supplement thereto, if such prospectus was timely
     made available by the Company pursuant to Section 9(c)(iii) hereof; (2)
     with respect to any preliminary prospectus shall not
     inure to the benefit of any Indemnified Person if the untrue statement or
     omission of material fact contained in the preliminary prospectus was
     corrected in the prospectus, as then amended or supplemented, if such
     prospectus was timely made available by the Company pursuant to Section
     9(c)(iii) hereof, and (3) shall not apply to amounts paid in settlement of
     any Claim if such settlement is effected without the
     prior written consent of the Company, which consent shall not be
     unreasonably withheld. Such indemnity shall remain in full force and effect
     regardless of any investigation made by or on behalf of the Indemnified
     Person and shall survive the transfer of the Shares by Holder.

               (ii)  In connection with any Registration Statement in which
     Holder is participating, Holder agrees to indemnify and hold harmless, to
     the same extent and in the same manner set forth in Section 9(f)(i), the
     Company, each of its directors, each of its officers who signs the
     Registration Statement, each person on, if any, who controls the Company
     within the meaning of the Securities Act or the Exchange Act, any
     underwriter and any other stockholder selling securities pursuant to the
     Registration Statement or any of its directors or officers or any person
     who controls such stockholder or underwriter within the meaning of the

                                       11
<PAGE>

     Securities Act or the Exchange Act (collectively and together with an
     Indemnified Person, an "INDEMNIFIED PARTY"), against any Claim to which any
     of them may become subject, under the Securities Act, the Exchange Act or
     otherwise, insofar as such Claim arises out of or is based upon any
     Violation, in each case to the extent (and only to the extent) that such
     Violation occurs in reliance upon and in conformity with written
     information furnished to the Company by Holder expressly for use in
     connection with such Registration Statement, and Holder will reimburse any
     legal or other expenses reasonably incurred by any Indemnified Party,
     promptly as such expenses are incurred and are due and payable, in
     connection with investigating or defending any such Claim; provided,
     however, that the indemnity agreement contained in this Section 9(f)(ii)
     shall not apply to amounts paid in settlement of any Claim if such
     settlement is effected without the prior written consent of Holder, which
     consent shall not be unreasonably withheld; provided further, however, that
     Holder shall be liable under this Section 9(f)(ii) for only that amount of
     a Claim as does not exceed the amount by which the net proceeds to Holder
     from the sale of Shares pursuant to such Registration Statement exceeds the
     cost of such Shares to Holder. Such indemnity shall remain in full force
     and effect regardless of any investigation made by or an behalf of such
     Indemnified Party and shall survive the transfer of the Shares by Holder.
     Notwithstanding anything to the contrary contained herein, the
     indemnification agreement contained in this Section 9(f)(ii) with respect
     to any preliminary prospectus shall not inure to the benefit of any
     Indemnified Party if the untrue statement or omission of material fact
     contained in the preliminary prospectus was corrected on a timely basis in
     the prospectus, as then amended or supplemented.

               (iii) The Company shall be entitled to receive indemnities from
     underwriters, selling brokers, dealer managers and similar securities
     industry professionals participating in any distribution, to the same
     extent as provided above, with respect to information so furnished in
     writing by such persons expressly for inclusion in the Registration
     Statement.

               (iv)  Promptly after receipt by an Indemnified Person or
     Indemnified Party under this Section 9(f) of notice of the commencement of
     any action (including any governmental action), such Indemnified Person or
     Indemnified Party shall, if a Claim in respect thereof is to be made
     against any indemnifying party under this Section 9(f), deliver to the
     indemnifying party a written notice of the commencement thereof and the
     indemnifying party shall have the right to participate in, and, to the
     extent the indemnifying party so desires, jointly with any other
     indemnifying party similarly noticed, to assume control of the defense
     thereof with counsel selected by the indemnifying party but reasonably
     acceptable to the Indemnified Person or the Indemnified Party, as the case
     may be; provided, however, that an Indemnified Person or Indemnified Party
     shall have the right to retain its own counsel with the fees and expenses
     to be paid by the indemnifying party, if, in the reasonable opinion of
     counsel retained by the indemnifying party, the representation by such
     counsel of the Indemnified Person or Indemnified Party and the indemnifying
     party would be inappropriate due to actual or potential differing interests
     between such Indemnified Person or Indemnified Party and any other party

                                       12
<PAGE>

     represented by such counsel in such proceeding. In such event, the Company
     shall pay for only one separate legal counsel for the Purchasers; such
     legal counsel shall be selected by the Purchasers holding at least
     sixty-six and two-thirds percent (66-2/3%) of the Registrable Shares
     included in the Registration Statement to which the Claim relates. The
     failure to deliver written notice to the indemnifying party within a
     reasonable time of the commencement of any such action shall not relieve
     such indemnifying party of any liability to the Indemnified Person or
     Indemnified Party under this Section 9(f), except to the extent that the
     indemnifying party is prejudiced in its ability to defend such action. The
     indemnification required by Section 9(f) shall be made by periodic payments
     of the amount thereof during the course of the investigation or defense, as
     such expense, loss, damage or liability is incurred and is due and payable.

               (v)   The agreements, representations and warranties of the
     Company and Holder set forth or provided in this Section 9 shall survive
     any exercise of this Warrant and the delivery of and payment for the Shares
     hereunder and shall remain in full force and effect, regardless of any
     investigation made by or on behalf of the Company and Holder.

     10. Rights of Stockholders. Holder shall not be entitled to vote or receive
dividends or be deemed the holder of Common Stock or any other securities of the
Company which may at any time be issuable on the exercise hereof for any
purpose, nor shall anything contained herein be construed to confer upon Holder,
any of the rights of a stockholder of the Company or any right to vote for the
election of directors or upon any matter submitted to stockholders at any
meeting thereof, or to give or withhold consent to any corporate action (whether
upon any recapitalization, issuance of stock, reclassification of stock, change
of par value or change of stock to no par value, consolidation, merger,
conveyance, or otherwise) or to receive notice of meetings, or to receive
dividends or subscription rights or otherwise before the Warrant or Warrants
shall have been exercised and the Shares purchasable upon the exercise hereof
shall have become deliverable, as provided herein.

     11. Governing Law. The terms and conditions of this Warrant shall be
governed by and construed in accordance with Florida law.

     12. Miscellaneous. The headings in this Warrant are for purposes of
convenience and reference only, and shall not be deemed to constitute a part
hereof. Neither this Warrant nor any term hereof may be changed, waived,
discharged or terminated orally but only by an instrument in writing signed by
the Company and the registered Holder hereof. All notices and other
communications from the Company to Holder shall be mailed by first-class
registered or certified mail, postage prepaid, to the address furnished to the
Company in writing by the last Holder of this Warrant who shall have furnished
an address to the Company in writing.

                                       13
<PAGE>

                                       STREICHER MOBILE FUELING, INC.

                                       By:
                                          --------------------------------------
                                          Richard E. Gathright, President and
                                          Chief Executive Officer

Issue Date:  January 25, 2005

                                       14
<PAGE>

                                    EXHIBIT A
                            TO STOCK PURCHASE WARRANT

                               NOTICE OF EXERCISE

TO:      STREICHER MOBILE FUELING, INC.

         1. The undersigned hereby elects to purchase ____________ Shares of
Common Stock of Streicher Mobile Fueling, Inc. pursuant to the terms of the
attached Warrant, and tenders herewith payment of the purchase price of such
Shares in full, together with all applicable transfer taxes, if any.

         2. Please issue a certificate or certificates representing said Shares
of Common Stock in the name of the undersigned or in such other names as is
specified below:

                       __________________________________

                       __________________________________

                       __________________________________

         3. [For use only in the absence of an effective registration statement
covering the Shares] The undersigned represents that the aforesaid Shares of
Common Stock are being acquired for the account of the undersigned for
investment and not with a view to, or for resale in connection with, the
distribution thereof and that the undersigned has no present intention of
distributing or reselling such Shares. In support thereof, the undersigned has
executed an Investment Representation Statement attached hereto as Exhibit B.

Date:
     ---------------------------      ------------------------------------------
                                                     (Signature)

<PAGE>

                                    EXHIBIT B
                            TO STOCK PURCHASE WARRANT

                       INVESTMENT REPRESENTATION STATEMENT

PURCHASER:
                  --------------------------------------------

COMPANY:          STREICHER MOBILE FUELING, INC.

SECURITY:         COMMON STOCK PURCHASE WARRANT AND UNDERLYING
                  COMMON STOCK

AMOUNT:
                  --------------------------------------------

DATE:
                  --------------------------------------------

         In connection with the purchase of the above-listed securities (the
"SECURITIES"), the undersigned (the "PURCHASER") represents to the Company the
following:

         (a) The Purchaser is aware of the Company's business affairs and
financial condition, and has acquired sufficient information about the Company
to reach an informed and knowledgeable decision to acquire the Securities. The
Purchaser is purchasing these Securities for the Purchaser's own account for
investment purposes only and not with a view to, or for the resale in connection
with, any "distribution" thereof for purposes of the Securities Act of 1933
("SECURITIES ACT").

         (b) The Purchaser understands that the Securities have not been
registered under the Securities Act in reliance upon a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide
nature of the Purchaser's investment intent as expressed herein. In this
connection, the Purchaser understands that, in the view of the Securities and
Exchange Commission ("SEC"), the statutory basis for such exemption may be
unavailable if the Purchaser's representation was predicated solely upon a
present intention to hold these Securities for the minimum capital gains period
specified under tax statutes, for a deferred sale, for or until an increase or
decrease in the market price of the Securities, or for a period of one year or
any other fixed period in the future.

         (c) The Purchaser further understands that the Securities must be held
indefinitely unless subsequently registered under the Securities Act or unless
an exemption from registration is otherwise available. Moreover, the Purchaser
understands that the Company is under no obligation to register the Securities
except as set forth in the Warrant. In addition, the Purchaser understands that
the certificate evidencing the Securities will be imprinted with a legend which
prohibits the transfer of the Securities unless they are registered or such
registration is not required in the opinion of counsel for the Company.

<PAGE>

         (d) The Purchaser is aware of the provisions of Rule 144, promulgated
under the Securities Act, which, in substance, permits limited public resale of
"restricted securities" acquired, directly or indirectly, from the issuer
thereof (or from an affiliate of such issuer), in a non- public offering subject
to the satisfaction of certain conditions.

         (e) The Purchaser further understands that at the time the Purchaser
wishes to sell the Securities there may be no public market upon which to make
such a sale.

         (f) The Purchaser further understands that in the event all of the
requirements of Rule 144 are not satisfied, registration under the Securities
Act, compliance with Regulation A, or some other registration exemption will be
required; and that, notwithstanding the fact that Rule 144 is not exclusive, the
Staff of the SEC has expressed its opinion that persons proposing to sell
private placement securities other than in a registered offering and otherwise
than pursuant to Rule 144 will have a substantial burden of proof in
establishing that an exemption from registration is available for such offers or
sales, and that such persons and their respective brokers who participate in
such transactions do so at their own risk.

                                           Signature of Purchaser:

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

                                       2

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