Document:

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                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

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                                O'CHARLEY'S INC.

                            (a Tennessee corporation)

                                  $125,000,000

                      9% Senior Subordinated Notes due 2013

                               PURCHASE AGREEMENT

Dated: October 30, 2003

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                                O'CHARLEY'S INC.

                                  $125,000,000

                      9% Senior Subordinated Notes due 2013

                               PURCHASE AGREEMENT

                                                                October 30, 2003

WACHOVIA CAPITAL MARKETS, LLC
MORGAN JOSEPH & CO. INC.

c/o WACHOVIA CAPITAL MARKETS, LLC
12 East 49th Street
New York, New York 10017

Ladies and Gentlemen:

         O'Charley's Inc., a Tennessee corporation (the "Company"), and the
Company's subsidiaries listed on Schedule A hereto (the "Guarantors"), confirm
their agreement with Wachovia Capital Markets, LLC ("Wachovia") and Morgan
Joseph & Co. Inc. (collectively, the "Initial Purchasers," which term shall also
include any initial purchaser substituted as hereinafter provided in Section 11
hereof), with respect to the issue and sale by the Company, and the purchase by
the Initial Purchasers, acting severally and not jointly, of the respective
principal amounts set forth in Schedule B hereto, of $125,000,000 aggregate
principal amount of the Company's 9% Senior Subordinated Notes due 2013 (the
"Securities"). The Securities will be unconditionally guaranteed on a senior
subordinated basis by each of the Guarantors (collectively, the "Guarantees").

         The Securities, the Guarantees, the Exchange Securities (as defined
below) and the Exchange Guarantees (as defined below) are to be issued pursuant
to an indenture (the "Indenture") to be dated as of the Closing Time (as
hereinafter defined) among the Company, the Guarantors and The Bank of New York,
as trustee (the "Trustee"), and will be entitled to the benefits of a
Registration Rights Agreement in the form attached hereto as Exhibit A (the
"Registration Rights Agreement") to be dated as of the Closing Time among the
Company, the Guarantors and the Initial Purchasers.

         Contemporaneously with the issuance and sale of the Securities to the
Initial Purchasers at the Closing Time, the Company will enter into an amended
and restated credit agreement (the "Amended and Restated Credit Agreement,"
which term, as used herein, includes all pledge agreements, guarantees, security
agreements, promissory notes and other instruments or agreements entered into by
the Company or any of its subsidiaries pursuant thereto or in

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connection therewith) by and among the Company, as Borrower, the lenders
referred to therein, and Wachovia Bank, National Association, as Administrative
Agent, and the Co-Syndication and Co-Documentation Agents named within, which
will amend and restate the Company's Credit Agreement, dated as of January 27,
2003, by and among the Company, as Borrower, the lenders referred to therein,
Wachovia Bank, National Association, as Administrative Agent, Bank of America,
N.A., as Syndication Agent, and SunTrust Bank and AmSouth Bank, as
Co-Documentation Agents (the "Existing Credit Agreement").

         The Company and the Guarantors understand that the Initial Purchasers
propose to make an offering of the Securities on the terms and in the manner set
forth herein and agree that the Initial Purchasers may resell, subject to the
conditions set forth herein, all or a portion of the Securities to investors
("Subsequent Purchasers") at any time after this Agreement has been executed and
delivered. The Securities are to be offered and sold through the Initial
Purchasers without being registered under the Securities Act of 1933, as amended
(the "1933 Act"), in reliance upon exemptions therefrom and in reliance upon
Regulation S under the 1933 Act ("Regulation S").

         In connection with the sale of the Securities, the Company has prepared
a preliminary offering memorandum dated October 21, 2003 (the "Preliminary
Memorandum") and will prepare a final offering memorandum dated October 30, 2003
(the "Final Memorandum" and, with the Preliminary Memorandum, each a
"Memorandum") including or incorporating by reference a description of the terms
of the Securities and the Guarantees, the terms of the offering and a
description of the Company. As used herein, the terms "Preliminary Memorandum,"
"Final Memorandum" and "Memorandum" shall include in each case the documents
incorporated by reference therein. The terms "supplement," "amendment" and
"amend" as used herein with respect to a Memorandum shall include all documents
deemed to be incorporated by reference in such Memorandum that are filed
subsequent to the date of such Memorandum with the Securities and Exchange
Commission (the "Commission") pursuant to the Securities Exchange Act of 1934,
as amended (the "1934 Act").

         All references in this Agreement to financial statements and schedules
and other information which is "contained," "included" or "stated" in a
Memorandum (or other references of like import) shall be deemed to mean and
include all such financial statements and schedules and other information which
is incorporated or deemed to be incorporated by reference therein.

         Pursuant to the Registration Rights Agreement, the Company and the
Guarantors will agree, among other things, to use their reasonable best efforts
to file (i) a registration statement (the "Exchange Offer Registration
Statement") with the Commission under the 1933 Act relating to the Company's
offer (the "Exchange Offer") to issue its 9% Senior Subordinated Notes due 2013
(the "Exchange Securities"), which will be registered under the 1933 Act and
unconditionally guaranteed on a senior subordinated basis (the "Exchange
Guarantees") by the Guarantors and/or such other subsidiaries of the Company
that at the time are required pursuant to the Indenture to guarantee the
Exchange Securities (the "Exchange Guarantors"), in exchange for the Securities
and/or (ii) in certain circumstances, file a shelf registration statement
pursuant to Rule 415 of the 1933 Act (the "Shelf Registration Statement and,
together with the Exchange Offer Registration Statement, the "Registration
Statements") covering resales of the Securities and the Guarantees.

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         The Securities, the Exchange Securities, the Indenture, the
Registration Rights Agreement and the Amended and Restated Credit Agreement are
hereinafter sometimes referred to, collectively, as the "Operative Documents"
and, individually, as an "Operative Document."

         All references herein to a "subsidiary" or "subsidiaries" of the
Company shall include, without limitation, the Guarantors.

         SECTION 1. Representations and Warranties.

         (a) Representations and Warranties by the Company and the Guarantors.
The Company and the Guarantors, jointly and severally, represent and warrant to
each Initial Purchaser as of the date hereof and as of the Closing Time referred
to in Section 2(b) hereof, and agree with each Initial Purchaser, as follows:

                  (i) Final Memorandum. Neither the Final Memorandum nor any
         amendments or supplements thereto (at the time the Final Memorandum or
         any such amendment or supplement was issued or at the Closing Time)
         included or will include an untrue statement of a material fact or
         omitted or will omit to state a material fact necessary in order to
         make the statements therein, in the light of the circumstances under
         which they were made, not misleading. The representations and
         warranties in this subsection shall not apply to statements in or
         omissions from the Preliminary Memorandum or the Final Memorandum, or
         any amendment or supplement thereto, made in reliance upon and in
         conformity with information furnished to the Company in writing by any
         Initial Purchasers through Wachovia expressly for use in the
         Preliminary Memorandum, or any amendment or supplement thereto, or the
         Final Memorandum, as the case may be.

                  (ii) Incorporated Documents. The documents incorporated or
         deemed to be incorporated by reference in the Final Memorandum, at the
         time they were or hereafter are filed with the Commission, complied and
         will comply in all material respects with the requirements of the 1934
         Act and the rules and regulations of the Commission thereunder (the
         "1934 Act Regulations"), and, when read together with the other
         information in the Final Memorandum, at the time the Final Memorandum
         was issued and at the Closing Time, did not and will not contain an
         untrue statement of a material fact or omit to state a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading.

                  (iii) Independent Accountants. The accountants who certified
         the financial statements and supporting schedules included in the Final
         Memorandum are independent public accountants with respect to the
         Company and each of its subsidiaries as required by the 1933 Act and
         the rules and regulations of the Commission thereunder (the "1933 Act
         Regulations").

                  (iv) Financial Statements. The financial statements of the
         Company included in the Final Memorandum, together with the related
         schedules (if any) and notes, present fairly the financial position of
         the Company and its consolidated subsidiaries at the dates indicated
         and the results of operations, changes in shareholders'

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         equity and cash flows of the Company and its consolidated subsidiaries
         for the periods specified, and the combined financial statements of
         Ninety Nine Restaurant and Pub ("Ninety Nine") included in the Final
         Memorandum, together with the related schedules (if any) and notes,
         present fairly the financial position of Ninety Nine at the dates
         indicated and the results of operations, changes in shareholders'
         equity and comprehensive income and cash flows of Ninety Nine for the
         periods specified on a combined basis, and all such financial
         statements have been prepared in conformity with generally accepted
         accounting principles ("GAAP") applied on a consistent basis throughout
         the periods involved. The supporting schedules, if any, included in the
         Final Memorandum present fairly in accordance with GAAP the information
         required to be stated therein. The historical financial data appearing
         in the Final Memorandum under the captions "Offering Memorandum
         Summary--Summary Consolidated Financial Information" and "Selected
         Consolidated Financial Information" present fairly the information
         shown therein and have been compiled on an accounting basis consistent
         with that of the audited financial statements of the Company included
         in the Final Memorandum; and the pro forma financial statements and
         related notes thereto included in the Final Memorandum, and the pro
         forma financial information included in the Final Memorandum under the
         caption "Offering Memorandum Summary--Summary Consolidated Financial
         Information," have been prepared in accordance with the Commission's
         rules and guidelines with respect to pro forma financial statements and
         have been properly compiled on the bases described therein, and the
         assumptions used in the preparation thereof are reasonable and the
         adjustments used therein are appropriate to give effect to the
         transactions and circumstances referred to therein.

                  (v) No Material Adverse Change in Business. Since the
         respective dates as of which information is given in the Final
         Memorandum, except as otherwise stated therein, (A) there has been no
         material adverse change in the condition, financial or otherwise, or in
         the earnings, business affairs or business prospects of the Company and
         its subsidiaries considered as one enterprise, whether or not arising
         in the ordinary course of business (a "Material Adverse Effect"), (B)
         there have been no transactions entered into by the Company or any of
         its subsidiaries, other than those in the ordinary course of business,
         which are material with respect to the Company and its subsidiaries
         considered as one enterprise, and (C) there has been no dividend or
         distribution of any kind declared, paid or made by the Company on any
         class of its capital stock.

                  (vi) Good Standing of the Company. The Company has been duly
         organized and is validly existing as a corporation in good standing
         under the laws of the State of Tennessee and has power and authority to
         own, lease and operate its properties and to conduct its business as
         described in the Final Memorandum and to enter into and perform its
         obligations under the Operative Documents to which it is or will be a
         party; and the Company is duly qualified as a foreign corporation to
         transact business and is in good standing in each jurisdiction in which
         such qualification is required, whether by reason of the ownership or
         leasing of property or the conduct of business, except where the
         failure so to qualify or to be in good standing would not result in a
         Material Adverse Effect.

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                  (vii) Good Standing of Subsidiaries. Each subsidiary of the
         Company has been duly organized and is validly existing as a
         corporation, limited partnership, business trust or limited liability
         company, as the case may be, in good standing under the laws of the
         jurisdiction of its organization, has power and authority to own, lease
         and operate its properties and to conduct its business as described in
         the Final Memorandum and to enter into and to perform its obligations
         under the Operative Documents to which it is or will be a party and is
         duly qualified as a foreign corporation, limited partnership, business
         trust or limited liability company, as the case may be, to transact
         business and is in good standing in each jurisdiction in which such
         qualification is required, whether by reason of the ownership or
         leasing of property or the conduct of business, except where the
         failure so to qualify or to be in good standing would not result in a
         Material Adverse Effect; all of the issued and outstanding capital
         stock of each such subsidiary that is a corporation, all of the issued
         and outstanding partnership interests of each such subsidiary that is a
         limited partnership, all of the issued and outstanding trust interests,
         beneficial interests or other similar interests of each such subsidiary
         that is a business trust, and all of the issued and outstanding limited
         liability company interests, membership interests or other similar
         interests of each such subsidiary that is a limited liability company
         have been duly authorized and validly issued, are fully paid and, with
         respect to the capital stock of each subsidiary that is a corporation,
         non-assessable, and are owned by the Company, directly or through
         subsidiaries (except in the case of certain subsidiaries, which
         subsidiaries are accurately identified on Schedule D hereto, in which
         the Company indirectly owns 94% of the outstanding membership interests
         and in respect of which the Company or one of its wholly-owned
         subsidiaries is the manager), free and clear of any security interest,
         mortgage, pledge, lien, encumbrance, claim or equity, other than liens
         securing borrowings and other amounts due under the Existing Credit
         Agreement or, from and after the Closing Time, the Amended and Restated
         Credit Agreement; and none of the outstanding shares of capital stock,
         partnerships interests, trust interests, beneficial interests or other
         similar interests, or limited liability company interests, membership
         interests or other similar interests of any such subsidiary was issued
         in violation of any preemptive rights, rights of first refusal or other
         similar rights of any securityholder of such subsidiary. The only
         subsidiaries of the Company are the subsidiaries listed on Schedule D
         hereto and Schedule D accurately sets forth whether each such
         subsidiary is a corporation, limited partnership, business trust or
         limited liability company and the jurisdiction of organization of each
         such subsidiary and, in the case of any subsidiary which is a
         partnership, its partners, and, in the case of any subsidiary that is
         not wholly-owned by the Company, directly or through subsidiaries, the
         percentage ownership interest in such subsidiary that is owned by the
         Company, directly or through subsidiaries.

                  (viii) Capitalization. The shares of issued and outstanding
         capital stock of the Company have been duly authorized and validly
         issued and are fully paid and non-assessable; and none of the
         outstanding shares of capital stock of the Company was issued in
         violation of any preemptive rights, rights of first refusal or other
         similar rights of any securityholder of the Company.

                  (ix) Authorization of Agreement. This Agreement has been duly
         authorized, executed and delivered by the Company and each of the
         Guarantors.

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                  (x) Authorization of the Securities. The Securities have been
         duly authorized by the Company and, at Closing Time, will have been
         duly executed and delivered by the Company and will constitute valid
         and binding obligations of the Company, enforceable against the Company
         in accordance with their terms, except as enforcement thereof may be
         limited by bankruptcy, insolvency, reorganization, moratorium,
         fraudulent conveyance, or other similar laws affecting enforcement of
         creditor's rights generally and except as enforcement thereof may be
         subject to general principles of equity, and will be in the form
         contemplated by, and entitled to the benefits of, the Indenture; the
         Exchange Securities have been duly authorized by the Company and, when
         issued in exchange for a like principal amount of Securities pursuant
         to the Exchange Offer, will have been duly executed and delivered by
         the Company and will constitute valid and binding obligations of the
         Company, enforceable against the Company in accordance with their
         terms, except as the enforcement thereof may be limited by bankruptcy,
         insolvency, reorganization, moratorium, fraudulent conveyance, or
         similar laws affecting enforcement of creditors' rights generally and
         except as enforcement thereof may be subject to general principles of
         equity, and will be in the form contemplated by, and entitled to the
         benefits of, the Indenture.

                  (xi) Absence of Defaults and Conflicts. Neither the Company
         nor any of its subsidiaries is in violation of its Organizational
         Documents (as defined below) or in default in the performance or
         observance of any obligation, agreement, covenant or condition
         contained in any contract, indenture, mortgage, pledge agreement, deed
         of trust, loan or credit agreement, note, lease or other agreement or
         instrument to which the Company or any of its subsidiaries is a party
         or by which any of them may be bound, or to which any of the property
         or assets of the Company or any of its subsidiaries are subject
         (collectively, "Agreements and Instruments"), except, solely in the
         case of Specified Agreements and Instruments (as defined below), for
         such defaults that would not result in a Material Adverse Effect; and
         the execution, delivery and performance of the Operative Documents and
         the consummation of the transactions contemplated in the Operative
         Documents and in the Final Memorandum (including the issuance and sale
         of the Securities, the issuance of the Guarantees and the use of the
         proceeds from the sale of the Securities as described in the Final
         Memorandum under the caption "Use of Proceeds") and compliance by the
         Company and the Guarantors with their respective obligations under the
         Operative Documents have been duly authorized by all necessary action,
         corporate or other, and do not and will not, whether with or without
         the giving of notice or passage of time or both, conflict with or
         constitute a breach of, or default or Repayment Event (as defined
         below) under, or result in the creation or imposition of any lien,
         charge or encumbrance upon any property or assets of the Company or any
         of its subsidiaries pursuant to, any Agreements and Instruments
         (except, solely in the case of Specified Instruments and Agreements,
         for such conflicts, breaches or defaults or liens, charges or
         encumbrances that would not result in a Material Adverse Effect), nor
         will such action result in any violation of the provisions of the
         Organizational Documents of the Company or any of its subsidiaries or
         any applicable law, statute, rule, regulation, judgment, order, writ or
         decree of any government, government instrumentality or court, domestic
         or foreign, having jurisdiction over the Company or any of its
         subsidiaries or any of their respective assets, properties or
         operations. As used herein, "Organizational Documents" means, in the
         case of a corporation, its charter and by-laws; in the case of a

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         limited or general partnership, (a) its partnership certificate,
         certificate of formation or similar organizational document and (b) its
         partnership agreement; in the case of a limited liability company, (c)
         its articles of organization, certificate of formation or similar
         organizational document and (d) its operating agreement, limited
         liability company agreement, membership agreement or other similar
         agreement; in the case of a business trust, (e) its declaration of
         trust or similar organizational document and (f) its trust by-laws;
         and, in the case of any other entity, the organizational documents of
         such entity; a "Repayment Event" means any event or condition which
         gives the holder of any note, debenture or other evidence of
         indebtedness (or any person acting on such holder's behalf) the right
         to require the repurchase, redemption or repayment of all or a portion
         of such indebtedness by the Company or any of its subsidiaries; and
         "Specified Agreements and Instruments" means all Agreements and
         Instruments other than (x) indentures, loan or credit agreements,
         notes, leases, reimbursement agreements, participation agreements and
         other agreements and instruments relating to or evidencing indebtedness
         for borrowed money or capital lease agreements that include financial
         or similar restrictive covenants and (y) mortgages, pledge agreements,
         deeds of trust or other security agreements or guarantees entered into
         in connection with or pursuant to any of instruments, agreements and
         other documents referred to in clause (x) above.

                  (xii) Absence of Labor Dispute. No labor dispute with the
         employees of the Company or any subsidiary of the Company exists or, to
         the knowledge of the Company, is imminent, and the Company is not aware
         of any existing or imminent labor disturbance by the employees of any
         of the principal suppliers, manufacturers, customers or contractors of
         the Company or any of its subsidiaries which, in any such case, may
         reasonably be expected to result in a Material Adverse Effect.

                  (xiii) Absence of Proceedings. There is no action, suit,
         proceeding, inquiry or investigation before or brought by any court or
         governmental agency or body, domestic or foreign, now pending, or, to
         the knowledge of the Company, threatened, against or affecting the
         Company or any of its subsidiaries, which is required to be disclosed
         in the Final Memorandum or any document incorporated or deemed to be
         incorporated by reference in the Final Memorandum (other than as
         disclosed therein), or which might reasonably be expected to result in
         a Material Adverse Effect, or which might reasonably be expected to
         materially and adversely affect the properties or assets thereof or the
         consummation of the transactions contemplated in any of the Operative
         Documents or the performance by the Company or any of the Guarantors of
         their respective obligations under the Operative Documents; the
         aggregate of all pending legal or governmental proceedings to which the
         Company or any of its subsidiaries is a party or of which any of their
         respective property or assets is the subject which are not described in
         the Final Memorandum, including ordinary routine litigation incidental
         to the business, would not reasonably be expected to result in a
         Material Adverse Effect.

                  (xiv) Accuracy of Exhibits. There are no contracts or
         documents that would be required to be described in any document
         incorporated or deemed to incorporated by reference in the Final
         Memorandum or to be filed as exhibits to any such documents which have
         not been so described and filed as required.

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                  (xv) Possession of Intellectual Property. Except as described
         in the Final Memorandum, the Company and its subsidiaries own or
         possess, or can acquire on reasonable terms, adequate patents, patent
         rights, licenses, inventions, copyrights, know-how (including trade
         secrets and other unpatented and/or unpatentable proprietary or
         confidential information, systems or procedures), trademarks, service
         marks, trade names or other intellectual property (collectively,
         "Intellectual Property") necessary to carry on the business now
         operated by them, and neither the Company nor any of its subsidiaries
         has received any notice or is otherwise aware of any infringement of or
         conflict with asserted rights of others with respect to any
         Intellectual Property or of any facts or circumstances which would
         render any Intellectual Property invalid or inadequate to protect the
         interest of the Company or any of its subsidiaries therein, and which
         infringement or conflict (if the subject of any unfavorable decision,
         ruling or finding) or invalidity or inadequacy, singly or in the
         aggregate, would result in a Material Adverse Effect.

                  (xvi) Absence of Further Requirements. (A) No filing with, or
         authorization, approval, consent, license, order, registration,
         qualification or decree of, any court or governmental authority or
         agency, domestic or foreign, (B) no authorization, approval, vote or
         other consent of any shareholder of the Company or of any shareholder,
         limited or general partner or member of, or holder of a trust interest,
         beneficial interest or other similar interest or a limited liability
         company interest, membership interest or other similar interest in, any
         Guarantor, and (C) no authorization, approval, vote or other consent of
         any other person or entity, is necessary or required for the
         performance by the Company or any Guarantor of their respective
         obligations under the Operative Documents, for the offering, issuance,
         sale or delivery of the Securities or the Guarantees hereunder, or for
         the consummation of any of the other transactions contemplated by the
         Operative Documents, except such as may be required under the 1933 Act,
         the 1933 Act Regulations and the Trust Indenture Act of 1939, as
         amended (the "1939 Act"), in connection with the performance by the
         Company and the Guarantors of their respective obligations under the
         Registration Rights Agreement, such as may be required under state
         securities laws and the consent to amend the Existing Credit Agreement,
         which has been obtained.

                  (xvii) Possession of Licenses and Permits. The Company and its
         subsidiaries possess such permits, licenses, approvals, consents and
         other authorizations (collectively, "Governmental Licenses") issued by
         the appropriate federal, state, local or foreign regulatory agencies or
         bodies necessary to conduct the business now operated by them; the
         Company and its subsidiaries are in compliance with the terms and
         conditions of all such Governmental Licenses, except where the failure
         so to comply would not, singly or in the aggregate, have a Material
         Adverse Effect; all of the Governmental Licenses are valid and in full
         force and effect, except when the invalidity of such Governmental
         Licenses or the failure of such Governmental Licenses to be in full
         force and effect would not have a Material Adverse Effect; and neither
         the Company nor any of its subsidiaries has received any notice of
         proceedings relating to the revocation or modification of any such
         Governmental Licenses which, singly or in the aggregate, if the subject
         of an unfavorable decision, ruling or finding, would result in a
         Material Adverse Effect.

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                  (xviii) Title to Property. The Company and its subsidiaries
         have good and marketable title in fee simple to all real property owned
         by any of them and good title to all other properties owned by any of
         them, in each case, free and clear of all mortgages, pledges, liens,
         security interests, claims, restrictions or encumbrances of any kind
         except such as (a) are described in the Final Memorandum or (b) do not,
         singly or in the aggregate, materially affect the value of such
         property and do not interfere with the use made and proposed to be made
         of such property by the Company or its subsidiaries; all real property,
         buildings and other improvements, and equipment and other property,
         held under lease or sublease by the Company or any of its subsidiaries
         is held by them under valid, subsisting and enforceable leases or
         subleases, as the case may be, with, solely in the case of leases or
         subleases relating to real property and buildings or other
         improvements, such exceptions as are not material and do not interfere
         with the use made or proposed to be made of such property and buildings
         or other improvements by the Company and its subsidiaries, and all such
         leases and subleases are in full force and effect; and neither the
         Company nor any of its subsidiaries has any notice of any claim of any
         sort that has been asserted by anyone adverse to the rights of the
         Company or any of its subsidiaries under any of the leases or subleases
         mentioned above or affecting or questioning the rights of the Company
         or any of its subsidiaries to the continued possession of the leased or
         subleased premises under any such lease or sublease except for such
         claims which, if successfully asserted against the Company or any of
         its subsidiaries, would not singly or in the aggregate have a Material
         Adverse Effect.

                  (xix) Investment Company Act. Neither the Company nor any
         Guarantor is, and upon the issuance and sale of the Securities and the
         Guarantees as herein contemplated and the application of the net
         proceeds therefrom as described in the Final Memorandum neither the
         Company nor any Guarantor will be, an "investment company" or an entity
         "controlled" by an "investment company" as such terms are defined in
         the Investment Company Act of 1940, as amended (the "1940 Act").

                  (xx) Environmental Laws. Except as described in the Final
         Memorandum and except as would not, singly or in the aggregate, result
         in a Material Adverse Effect, (A) neither the Company nor any of its
         subsidiaries is in violation of any federal, state, local or foreign
         statute, law, rule, regulation, ordinance, code, policy or rule of
         common law or any judicial or administrative interpretation thereof,
         including any judicial or administrative order, consent, decree or
         judgment, relating to pollution or protection of human health, the
         environment (including, without limitation, ambient air, surface water,
         groundwater, land surface or subsurface strata) or wildlife, including,
         without limitation, laws and regulations relating to the release or
         threatened release of chemicals, pollutants, contaminants, wastes,
         toxic substances, hazardous substances, petroleum or petroleum products
         (collectively, "Hazardous Materials") or to the manufacture,
         processing, distribution, use, treatment, storage, disposal, transport
         or handling of Hazardous Materials (collectively, "Environmental
         Laws"), (B) the Company and its subsidiaries have all permits,
         authorizations and approvals required under any applicable
         Environmental Laws and are each in compliance with their requirements,
         (C) there are no pending or threatened administrative, regulatory or
         judicial actions, suits, demands, demand letters, claims, liens,
         notices of noncompliance or violation, investigation or proceedings
         relating to any Environmental Law against the Company or

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         any of its subsidiaries and (D) there are no events or circumstances
         that might reasonably be expected to form the basis of an order for
         clean-up or remediation, or an action, suit or proceeding by any
         private party or governmental body or agency, against or affecting the
         Company or any of its subsidiaries relating to Hazardous Materials or
         any Environmental Laws.

                  (xxi) Absence of Registration Rights. There are no persons
         with registration rights or other similar rights to have any securities
         (debt or equity) registered pursuant to any Registration Statement or
         included in any offering contemplated by the Registration Rights
         Agreement.

                  (xxii) Indenture. The Indenture has been duly authorized by
         the Company and each of the Guarantors and, at the Closing Time, will
         have been duly executed and delivered by the Company and each of the
         Guarantors and will constitute a valid and binding agreement of the
         Company and each of the Guarantors, enforceable against the Company and
         each of the Guarantors in accordance with its terms, except as the
         enforcement thereof may be limited by bankruptcy, insolvency,
         reorganization, moratorium, fraudulent conveyance or similar laws
         affecting enforcement of creditors' rights generally and except as
         enforcement thereof may be subject to general principles of equity.

                  (xxiii) Guarantees. The Guarantees have been duly authorized
         by each of the Guarantors and, at the Closing Time, will constitute
         valid and binding obligations of each of the Guarantors, enforceable
         against each of the Guarantors in accordance with their terms, except
         as enforcement thereof may be limited by bankruptcy, insolvency,
         reorganization, moratorium, fraudulent conveyance or similar laws
         affecting enforcement of creditors' rights generally (and, solely with
         respect to Guarantors that are corporations organized under the laws of
         Tennessee, Section 48-16-401 of the Tennessee Business Corporation Act)
         and except as enforcement thereof may be subject to general principles
         of equity, and will be in the form contemplated by, and entitled to the
         benefits of, the Indenture; the Exchange Guarantees have been duly
         authorized by each of the Guarantors and, when the Exchange Securities
         have been issued in exchange for a like principal amount of Securities
         pursuant to the Exchange Offer, the Exchange Guarantees will constitute
         valid and binding obligations of each of the Exchange Guarantors,
         enforceable against each of the Exchange Guarantors in accordance with
         their terms, except as the enforcement thereof may be limited by
         bankruptcy, insolvency, reorganization, moratorium, fraudulent
         conveyance or similar laws affecting enforcement of creditors' rights
         generally (and, solely with respect to Guarantors that are corporations
         organized under the laws of Tennessee, Section 48-16-401 of the
         Tennessee Business Corporation Act) and except as enforcement thereof
         may be subject to general principles of equity, and will be in the form
         contemplated by, and entitled to the benefits of, the Indenture.

                  (xxiv) Registration Rights Agreement. The Registration Rights
         Agreement has been duly authorized by the Company and each of the
         Guarantors and, at the Closing Time, will have been duly executed and
         delivered by the Company and each of the Guarantors and will constitute
         a valid and binding agreement of the Company and each of the
         Guarantors, enforceable against the Company and each of the Guarantors
         in

                                       10
<PAGE>

         accordance with its terms, except as the enforcement thereof may be
         limited by bankruptcy, insolvency, reorganization, moratorium,
         fraudulent conveyance or similar laws affecting enforcement of
         creditors' rights generally and except as enforcement thereof may be
         subject to general principles of equity, and except as rights to
         indemnity and contribution under the Registration Rights Agreement may
         be limited by applicable law.

                  (xxv) Description of Operative Documents. The Operative
         Documents conform and will conform in all material respects to the
         respective descriptions thereof and statements relating thereto
         contained in the Final Memorandum.

                  (xxvi) Internal Controls. Each of the Company and its
         subsidiaries maintains a system of internal accounting controls
         sufficient to provide reasonable assurances that (A) transactions are
         executed in accordance with management's general or specific
         authorization, (B) transactions are recorded as necessary to permit
         preparation of financial statements in conformity with generally
         accepted accounting principles and to maintain accountability for
         assets, (C) access to assets is permitted only in accordance with
         management's general or specific authorization and (D) the recorded
         accountability for assets is compared with the existing assets at
         reasonable intervals and appropriate action is taken with respect to
         any differences.

                  (xxvii) Solvency. The Company and each of the Guarantors is,
         and immediately after the Closing Time will be, Solvent. As used
         herein, the term "Solvent" means, with respect to the Company or any
         Guarantor, as the case may be, on any particular date, that on such
         date (A) the fair market value of the assets of the Company or such
         Guarantor, as the case may, is greater than the total amount of
         liabilities (including contingent liabilities) of the Company or such
         Guarantor, as the case may be, (B) the present fair saleable value of
         the assets of the Company or such Guarantor, as the case may be, is
         greater than the amount that will be required to pay the probable
         liabilities of the Company or such Guarantor, as the case may be, on
         its debts as they become absolute and matured, (C) the Company or such
         Guarantor, as the case may be, is able to realize upon its assets and
         pay its debts and other liabilities, including contingent obligations,
         as they mature, and (D) the Company or such Guarantor, as the case may
         be, does not have unreasonably small capital.

                  (xxviii) Offering Materials. Neither the Company nor any of
         its subsidiaries nor any of their respective Affiliates (as defined
         below) has distributed or will distribute any offering material in
         connection with the offering and sale of the Securities other than
         copies of the Preliminary Memorandum and Final Memorandum distributed
         through the Initial Purchasers.

                  (xxix) Similar Offerings. Neither the Company nor any of its
         subsidiaries nor any of their respective "affiliates," as such term is
         defined in Rule 501 under the 1933 Act (each, an "Affiliate"), nor any
         person acting on behalf of the Company or any of its subsidiaries has,
         directly or indirectly, sold, offered for sale, solicited any offer to
         buy or otherwise negotiated in respect of, or will sell, offer for
         sale, solicit any offer to buy or otherwise negotiate in respect of,
         any security (as defined in the 1933 Act) which

                                       11
<PAGE>

         is or would be integrated with the sale of the Securities or the
         Guarantees in a manner that would require the Securities or the
         Guarantees to be registered under the 1933 Act (it being understood
         that no representation or warranty is made by the Company and the
         Guarantors as to the Initial Purchasers and their agents).

                  (xxx) Rule 144A Eligibility. The Securities and the Guarantees
         are eligible for resale pursuant to Rule 144A and will, when issued,
         satisfy the requirements set forth in Rule 144A(d)(3) under the 1933
         Act.

                  (xxxi) No General Solicitation. Neither the Company nor any of
         its subsidiaries nor any of their respective Affiliates nor any person
         acting on behalf of the Company or any of its subsidiaries (it being
         understood that no representation or warranty is made by the Company
         and the Guarantors as to the Initial Purchasers and their agents) has
         engaged or will engage, in connection with the offering of the
         Securities, in any form of general solicitation or general advertising
         within the meaning of Rule 502 under the 1933 Act or in any manner
         involving a public offering within the meaning of Section 4(2) of the
         1933 Act.

                  (xxxii) No Directed Selling Efforts. Neither the Company nor
         any of its subsidiaries nor any of their respective Affiliates nor any
         person acting on behalf of the Company or any of its subsidiaries has
         engaged or will engage in any directed selling efforts (within the
         meaning of Regulation S) with respect to the Securities or the
         Guarantees, and the Company and its subsidiaries and their respective
         Affiliates and any person acting on behalf of the Company or any of its
         subsidiaries has complied, and will comply, with the offering
         restriction requirements of Regulation S (it being understood that no
         representation or warranty is made by the Company and the Guarantors as
         to the Initial Purchasers and their agents).

                  (xxxiii) No Registration Required. Assuming the accuracy of
         the representations and warranties of the Initial Purchasers in Section
         6 and compliance by the Initial Purchasers with the covenants set forth
         in Section 6, it is not necessary, in connection with the offer, sale
         and delivery of the Securities to the Initial Purchasers and to
         Subsequent Purchasers in the manner contemplated by this Agreement and
         the Final Memorandum, to register the Securities or the Guarantees
         under the 1933 Act or to qualify the Indenture under the 1939 Act.

                  (xxxiv) Usury Laws. None of the Operative Documents is or will
         be, and no payment by the Company or any of the Guarantors or Exchange
         Guarantors of any amounts payable under or pursuant to any of the
         Operative Documents (including, without limitation, any principal,
         interest or Additional Interest (as defined in the Registration Rights
         Agreement)) is or will be, subject to any usury law or other limitation
         on the rate or amount of interest or other amounts payable thereunder
         or the yield thereon (collectively, "Usury Laws"), or violates,
         contravenes or breaches, or will violate, contravene or breach, any
         Usury Laws.

                  (xxxv) Upstream Guarantees. No subsidiary of the Company is a
         guarantor of, or is a party to or bound by any instruments or
         agreements pursuant to

                                       12
<PAGE>

         which it is or may be required to guarantee or cause another subsidiary
         of the Company to guarantee, any borrowing, bonds, notes, debentures or
         other indebtedness or lease obligations of the Company, except for the
         Existing Credit Agreement or, from and after the Closing Time, the
         Amended and Restated Credit Agreement and the Indenture. The Company is
         not party to or bound by any instrument or agreement pursuant to which
         it is or may be required to cause any of its subsidiaries to guarantee
         any borrowing, bonds, notes, debentures or other indebtedness or lease
         obligations of the Company, other than the Existing Credit Agreement
         or, from and after the Closing Time, the Amended and Restated Credit
         Agreement and the Indenture.

                  (xxxvi) Amended and Restated Credit Agreement. At the Closing
         Time, the Amended and Restated Credit Agreement will have been duly
         authorized, executed and delivered by, and will constitute a valid and
         binding agreement of, the Company and each subsidiary of the Company
         party thereto, enforceable against the Company and each subsidiary of
         the Company party thereto in accordance with its terms, except as the
         enforcement thereof may be limited by bankruptcy, insolvency,
         reorganization, moratorium or similar laws affecting enforcement of
         creditors' rights generally and except as enforcement thereof may be
         subject to general principles of equity, all conditions precedent to
         the effectiveness of the Amended and Restated Credit Agreement, and all
         conditions precedent to the right of the Company to make borrowings
         under the Amended and Restated Credit Agreement in the amount
         contemplated by the Final Memorandum, will have been satisfied or
         waived.

         (b) Officer's Certificates. Any certificate signed by any officer of
the Company or any of the Guarantors and delivered to the Initial Purchasers or
counsel for the Initial Purchasers shall be deemed a joint and several
representation and warranty by the Company and the Guarantors to each Initial
Purchaser as to the matters covered thereby.

         SECTION 2. Sale and Delivery to Initial Purchasers; Closing.

         (a) Securities. On the basis of the representations and warranties
herein contained and subject to the terms and conditions herein set forth, the
Company agrees to sell to each Initial Purchaser, severally and not jointly, and
each Initial Purchaser, severally and not jointly, agrees to purchase from the
Company, at the price set forth in Schedule C, the principal amount of
Securities set forth in Schedule B opposite the name of such Initial Purchaser,
plus any additional principal amount of Securities that such Initial Purchaser
may become obligated to purchase pursuant to the provisions of Section 11
hereof.

         (b) Payment. Payment of the purchase price for, and delivery of
certificates for, the Securities shall be made at the offices of Sidley Austin
Brown & Wood LLP, 787 Seventh Avenue, New York, New York 10019, or at such other
place as shall be agreed upon by Wachovia and the Company, at 10:00 A.M.
(Eastern time) on November 4, 2003 (unless postponed in accordance with the
provisions of Section 11) or such other time not later than ten business days
after such date as shall be agreed upon by Wachovia and the Company (such time
and date of payment and delivery being herein called "Closing Time").

                                       13

<PAGE>

         Payment shall be made to the Company by wire transfer of immediately
available funds to a bank account in the State of New York designated by the
Company, against delivery to Wachovia of certificates for the Securities to be
purchased by the Initial Purchasers.

         (c) Denominations; Registration. Certificates for the Securities shall
be in such denominations ($1,000 or integral multiples of $1,000 in excess
thereof) and registered in such names as Wachovia may request in writing at
least one full business day before Closing Time. The certificates representing
the Securities shall be made available for examination and packaging by the
Initial Purchasers in The City of New York not later than 10:00 A.M. Eastern
Time on the business day prior to the Closing Time.

         SECTION 3. Covenants of the Company. The Company and each Guarantor,
jointly and severally, covenant with each Initial Purchaser as follows.

         (a) Amendment to Offering Memorandum and Supplement. During the period
beginning on the date of this Agreement through and including the date on which
all of the Securities shall have been sold by the Initial Purchasers as
evidenced by a notice in writing from Wachovia to the Company, the Company will
give the Initial Purchasers notice of its intention to file pursuant to the 1934
Act, or to use or issue, any amendment or supplement to any Memorandum, will
furnish the Initial Purchasers with copies of any such document in a reasonable
amount of time prior to such proposed filing, use or issuance, as the case may
be, and will not file, use or issue any such document to which the Initial
Purchasers or counsel for the Initial Purchasers shall object.

         (b) Delivery of Final Memorandum. The Company, as promptly as possible,
will furnish to each Initial Purchaser, without charge, such number of copies of
the Final Memorandum and any amendments and supplements thereto and documents
incorporated by reference therein as such Initial Purchaser may reasonably
request; and the Company and each Guarantor consent to the use of each
Memorandum and any amendments or supplements thereto in connection with the
offering of the Securities and the Guarantees.

         (c) Notice and Effect of Material Events. If, during the period
beginning on the date of this Agreement through and including the date on which
all of the Securities shall have been sold by the Initial Purchasers as
evidenced by a notice in writing from Wachovia to the Company, there shall occur
any material change in or affecting the condition, financial or otherwise, or
the earnings, business affairs or business prospects of the Company and its
subsidiaries considered as one enterprise, which makes any statement in the
Final Memorandum false or misleading, or if, during such period, any event shall
occur or condition shall exist as a result of which it is necessary, in the
opinion of counsel for the Initial Purchasers or the Company, to amend or
supplement the Final Memorandum in order that the Final Memorandum will not
include any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein not misleading in the light of
the circumstances existing at the time it is delivered to a Subsequent
Purchaser, the Company will, subject to Section 3(b), promptly prepare and
furnish to each Initial Purchaser an amendment or amendments of, or a supplement
or supplements to, the Final Memorandum so that, as so amended or supplemented,
the Final Memorandum will not include an untrue statement of a material fact or
omit to state a

                                       14
<PAGE>

material fact necessary in order to make the statements therein, in the light of
the circumstances existing at the time it is delivered to a Subsequent
Purchaser, not misleading.

         (d) Blue Sky Qualifications. The Company will use its best efforts, in
cooperation with the Initial Purchasers, to qualify the Securities and the
Guarantees for offering and sale under the applicable securities laws of such
states and other jurisdictions (domestic or foreign) as Wachovia may designate
and to maintain such qualifications in effect as long as required for the sale
of the Securities and the Guarantees; provided, however, that the Company shall
not be obligated to file any general consent to service of process or to qualify
as a foreign corporation or as a dealer in securities in any jurisdiction in
which it is not so qualified or to subject itself to taxation in respect of
doing business in any jurisdiction in which it is not otherwise so subject.

         (e) Use of Proceeds. The Company will use the net proceeds received by
it from the sale of the Securities in the manner specified in the Final
Memorandum under "Use of Proceeds."

         (f) Restriction on Sale of Securities. During a period of 90 days from
the date of this Agreement, the Company and the Guarantors will not, without the
prior written consent of Wachovia, directly or indirectly, issue, sell, offer or
agree to sell, grant any option for the sale of, or otherwise dispose of, any
debt securities of the Company or any securities of the Company that are
convertible into, or exchangeable or exercisable for debt securities of the
Company, other than the Securities sold to the Initial Purchasers pursuant to
this Agreement.

         (g) Rating of Securities. The Company will use its best efforts to have
Standard & Poor's Ratings Services, a division of McGraw Hill, Inc. ("S&P"), and
Moody's Investors Service Inc. ("Moody's") to provide their respective credit
ratings of the Securities and the Exchange Securities.

         (h) DTC. The Company will cooperate with the Initial Purchasers and use
its best efforts to permit the Securities to be eligible for clearance and
settlement through the facilities of DTC.

         (i) PORTAL Designation. The Company will use its best efforts to permit
the Securities to be designated PORTAL securities in accordance with the rules
and regulations adopted by the National Association of Securities Dealers, Inc.
("NASD") relating to trading in the PORTAL Market.

         (j) Reporting Requirements. Until the offering of the Securities is
complete as evidenced by a notice in writing from Wachovia to the Company, the
Company will file all documents required to be filed with the Commission
pursuant to the 1934 Act within the time periods required by the 1934 Act and
the 1934 Act Regulations.

         (k) Investment Company Act. For so long as any Securities are
outstanding, the Company and each of its subsidiaries will conduct its
operations in a manner that will not subject the Company or such subsidiary to
registration as an investment company under the 1940 Act.

                                       15
<PAGE>

         SECTION 4. Payment of Expenses.

         (a) Expenses. The Company will pay all expenses incident to the
performance of its obligations under this Agreement, including (i) the
preparation of each Memorandum (including financial statements) and of each
amendment or supplement thereto, (ii) the word processing, printing and delivery
to the Initial Purchasers of any Agreement among Initial Purchasers, and the
Operative Documents (excluding the Amended and Restated Credit Agreement) and
such other documents as may be required in connection with the offering,
purchase, sale, issuance or delivery of the Securities, (iii) the preparation,
issuance and delivery of the certificates for the Securities to the Initial
Purchasers, including any transfer taxes, any stamp or other duties payable upon
the sale, issuance or delivery of the Securities to the Initial Purchasers and
any charges of DTC in connection therewith, (iv) the fees and disbursements of
the counsel, accountants and other advisors to the Company and the Guarantors,
(v) the qualification of the Securities under securities laws in accordance with
the provisions of Section 3(d) hereof, including filing fees and the reasonable
fees and disbursements of counsel for the Initial Purchasers in connection
therewith and in connection with the preparation of the Blue Sky Survey and any
supplements thereto, (vi) the printing and delivery to the Initial Purchasers of
copies of each Memorandum and any amendments or supplements thereto, (vii) the
fees and disbursements of the Trustee and of counsel to the Trustee in
connection with the Indenture, Securities and Exchange Securities, (viii) the
preparation, printing and delivery to the Initial Purchasers of copies of the
Blue Sky Survey and any supplements thereto, (ix) fees payable in connection
with the rating of the Securities and the Exchange Securities and (x) any fees
and expenses payable in connection with the initial and continued designation of
the Securities as PORTAL securities.

         (b) Termination of Agreement. If this Agreement is terminated by
Wachovia in accordance with the provisions of Section 5 or Section 10(a)(i)
hereof, the Company shall reimburse the Initial Purchasers for all of their
out-of-pocket expenses, including the reasonable fees and disbursements of
counsel for the Initial Purchasers.

         SECTION 5. Conditions of Initial Purchasers' Obligations. The
obligations of the several Initial Purchasers hereunder are subject to the
accuracy of the representations and warranties of the Company and the Guarantors
contained in Section 1 hereof or in certificates of any officer of the Company
or any subsidiary of the Company delivered pursuant to the provisions hereof, to
the performance by the Company and the Guarantors of their covenants and other
obligations hereunder, and to the following further conditions:

                  (a) Opinion of Counsel for Company and the Guarantors. At
         Closing Time, the Initial Purchasers shall have received the favorable
         opinion, dated as of Closing Time, of (i) Bass, Berry & Sims PLC,
         counsel for the Company and the Guarantors that are organized under the
         laws of Delaware or Tennessee, in form and substance satisfactory to
         counsel for the Initial Purchasers, to the effect set forth in Exhibit
         B hereto and to such further effect as counsel to the Initial
         Purchasers may reasonably request, (ii) Maynard, Cooper & Gale, P.C.,
         special Alabama counsel to the applicable Guarantor, Gorsuch Kirgis
         LLP, special Colorado counsel to the applicable Guarantor, Seyfarth
         Shaw LLP, special Georgia counsel to the applicable Guarantor, Foley
         Hoag LLP, special Massachusetts counsel to the applicable Guarantor,
         and Downs Rachlin Martin PLLC,

                                       16
<PAGE>

         special Vermont counsel to the applicable Guarantor, each, in form and
         substance satisfactory to counsel for the Initial Purchasers, to the
         effect set forth in Exhibit C hereto and to such further effect as
         counsel for the Initial Purchasers may reasonably request and (iii)
         Winston & Strawn LLP, special New York counsel to the Company and the
         Guarantors, in form and substance satisfactory to counsel for the
         Initial Purchasers, to the effect set forth in Exhibit D hereto, and to
         such further effect as counsel for the Initial Purchasers may
         reasonably request.

                  (b) Opinion of Counsel for the Initial Purchasers. At Closing
         Time, the Initial Purchasers shall have received the favorable
         opinions, dated as of Closing Time, of Sidley Austin Brown & Wood LLP,
         counsel to the Initial Purchasers, and Shearman & Sterling LLP, counsel
         to the Initial Purchasers, with respect to this Agreement, the
         Indenture, the Securities, the Registration Rights Agreement, the Final
         Memorandum and such other matters as the Initial Purchasers may
         request. In giving such opinions, each such counsel may state that such
         opinion is limited to matters arising under the laws of the State of
         New York and the federal laws of the United States of America.

                  (c) Officers' Certificate. At Closing Time, there shall not
         have been, since the date hereof or since the respective dates as of
         which information is given in the Final Memorandum, any material
         adverse change in the condition, financial or otherwise, or in the
         earnings, business affairs or business prospects of the Company and its
         subsidiaries, considered as one enterprise, whether or not arising in
         the ordinary course of business, and the Initial Purchasers shall have
         received a certificate signed by the Chairman, Chief Executive Officer,
         President or a Vice President of the Company and by the chief financial
         or chief accounting officer of the Company, and by the Chairman, Chief
         Executive Officer or President and a Vice President of each Guarantor,
         dated as of Closing Time, to the effect that (i) there has been no such
         material adverse change, (ii) the representations and warranties of the
         Company and the Guarantors in Section 1(a) hereof are true and correct
         with the same force and effect as though expressly made at and as of
         Closing Time, and (iii) the Company and the Guarantors have complied
         with all agreements and satisfied all conditions on their part to be
         performed or satisfied at or prior to Closing Time.

                  (d) Accountant's Comfort Letter. At the time of the execution
         of this Agreement, the Initial Purchasers shall have received from KPMG
         LLP a letter, dated the date of this Agreement and in form and
         substance satisfactory to the Initial Purchasers, containing statements
         and information of the type ordinarily included in accountants'
         "comfort letters" to Initial Purchasers with respect to the financial
         statements and certain financial information of the Company and Ninety
         Nine contained in the Final Memorandum.

                  (e) Bring-down Comfort Letter. At Closing Time, the Initial
         Purchasers shall have received from KPMG LLP a letter, dated as of
         Closing Time and in form and substance satisfactory to the Initial
         Purchasers, to the effect that they reaffirm the statements made in the
         letter furnished pursuant to subsection (d) of this Section, except
         that the specified date referred to shall be a date not more than three
         business days prior to Closing Time.

                                       17
<PAGE>

                  (f) Maintenance of Rating. At Closing Time, the Securities
         shall be rated at least Ba3 by Moody's and B by S&P, and the Company
         shall have delivered to the Initial Purchasers a letter dated the
         Closing Time, from each such rating agency, or other evidence
         satisfactory to the Initial Purchasers, confirming that the Securities
         have such ratings; and since the date of this Agreement, there shall
         not have occurred a downgrading in the rating assigned to the
         Securities or any of the Company's other debt securities by any
         "nationally recognized statistical rating agency," as that term is
         defined by the Commission for purposes of Rule 436(g)(2) under the 1933
         Act, and no such securities rating agency shall have publicly announced
         that it has under surveillance or review, with possible negative
         implications or with no indication of the direction of possible change,
         its rating of the Securities or any of the Company's other debt
         securities.

                  (g) PORTAL. At Closing Time, the Securities shall have been
         designated for trading on PORTAL.

                  (h) Amended and Restated Credit Agreement. At Closing Time,
         the Amended and Restated Credit Agreement shall have been duly executed
         and delivered by the parties thereto and the Initial Purchasers shall
         have received a copy of a fully executed counterpart thereof; and,
         contemporaneously with the issuance of the Securities, the Company
         shall have made borrowings under the Amended and Restated Credit
         Agreement in the amount contemplated by the Final Memorandum.

                  (i) Additional Documents. At Closing Time, counsel for the
         Initial Purchasers shall have been furnished with such other documents
         and opinions as they may require for the purpose of enabling them to
         pass upon the issuance and sale of the Securities and the Guarantees as
         herein contemplated, or in order to evidence the accuracy of any of the
         representations or warranties, or the fulfillment of any of the
         conditions, contained in this Agreement; and all proceedings taken by
         the Company and the Guarantors in connection with the issuance and sale
         of the Securities and the Guarantees as herein contemplated and in
         connection with the other transactions contemplated by this Agreement
         shall be satisfactory in form and substance to Wachovia and counsel for
         the Initial Purchasers.

                  (j) Termination of Agreement. If any condition specified in
         this Section shall not have been fulfilled when and as required to be
         fulfilled, this Agreement may be terminated by Wachovia by notice to
         the Company at any time at or prior to Closing Time, as the case may
         be, and such termination shall be without liability of any party to any
         other party except as provided in Section 4 and except that Sections 1,
         7, 8 and 9 shall survive any such termination and remain in full force
         and effect.

         SECTION 6. Offers and Resales of the Securities.

                  (a) Each Initial Purchaser, severally and not jointly,
         represents and warrants to the Company that such Initial Purchaser is a
         "qualified institutional buyer" as defined in Rule 144A under the 1933
         Act (a "QIB"). Each Initial Purchaser, severally and not jointly,
         represents and warrants to, and agrees with, the Company that (i) it
         has not solicited and will not solicit offers for, and has not offered
         or sold and will not offer or

                                       18
<PAGE>

         sell, the Securities or the Guarantees by means of any form of general
         solicitation or general advertising (as those terms are used in
         Regulation D under the 1933 Act) or in any manner involving a public
         offering within the meaning of Section 4(2) of the 1933 Act and (ii) it
         has not offered or sold and will not offer or sell any Securities or
         Guarantees except to persons that it reasonably believes to be (A) QIBs
         or (B) in the case of offers outside the United States to persons other
         than U.S. persons ("foreign purchasers," which term shall include any
         discretionary account or similar account (other than an estate or
         trust) held for the benefit or account of a non-U.S. person by a dealer
         or other professional fiduciary organized, incorporated or (if an
         individual) resident in the United States acting on a discretionary
         basis) in reliance upon Regulation S that, in each case, in purchasing
         the Securities are deemed to have represented and agreed as provided in
         the Final Memorandum under the caption "Notice to Investors."

                  (b) Each Initial Purchaser, severally and not jointly,
         represents and warrants to, and agrees with, the Company that, with
         respect to offers and sales of Securities and Guarantees outside the
         United States:

                           (i) such Initial Purchaser understands that no action
                  has been or will be taken in any jurisdiction by the Company
                  or any Guarantor that would permit a public offering of the
                  Securities or the Guarantees, or possession or distribution of
                  the Preliminary Memorandum or the Final Memorandum or any
                  other offering or publicity material relating to the
                  Securities or the Guarantees, in any country or jurisdiction
                  where action for that purpose is required;

                           (ii) such Initial Purchaser will comply with all
                  applicable laws and regulations in each jurisdiction in which
                  it acquires, offers, sells or delivers Securities or has in
                  its possession or distributes the Preliminary Memorandum or
                  the Final Memorandum or any such other material, in all cases
                  at its own expense;

                           (iii) such Initial Purchaser understands that the
                  Securities and the Guarantees have not been registered under
                  the 1933 Act and agrees that the Securities and the Guarantees
                  may not be offered or sold within the United States to, or for
                  the account or benefit of, U.S. persons except in accordance
                  with Rule 144A or pursuant to another exemption from the
                  registration requirements of the 1933 Act;

                           (iv) such Initial Purchaser has offered the
                  Securities and the Guarantees and will offer and sell the
                  Securities and the Guarantees (A) as part of their
                  distribution at any time and (B) otherwise until 40 days after
                  the later of the commencement of the offering and the Closing
                  Time, only in accordance with Rule 903 of Regulation S or
                  pursuant to another available exception from the registration
                  requirements of the 1933 Act as permitted in Section 6(a);
                  accordingly, neither such Initial Purchaser nor any of its
                  Affiliates nor any persons acting on its or their behalf has
                  engaged or will engage in any directed selling efforts (within
                  the meaning of Regulation S) with respect to the Securities or
                  the Guarantees, and such Initial Purchaser, its Affiliates and
                  any such persons

                                       19
<PAGE>

                  have complied and will comply with the offering restrictions
                  requirements of Regulation S;

                           (v) such Initial Purchaser (A) has not offered or
                  sold and, prior to the expiry of a period of six months from
                  the Closing Time, will not offer or sell any Securities to
                  persons in the United Kingdom except to persons whose ordinary
                  activities involve them in acquiring, holding, managing or
                  disposing of investments (as principal or agent) for the
                  purposes of their businesses or otherwise in circumstances
                  which have not resulted and will not result in an offer to the
                  public in the United Kingdom within the meaning of the Public
                  Offers of Securities Regulations 1995 (as amended); (B) has
                  only communicated or caused to be communicated and will only
                  communicate or cause to be communicated any invitation or
                  inducement to engage in investment activity (within the
                  meaning of Section 21 of the Financial Services and Markets
                  Act (the "FSMA")) received by it in connection with the issue
                  or sale of any Securities in circumstances in which Section
                  21(1) of the FSMA does not apply to the Company; and (C) has
                  complied and will comply with all applicable provisions of the
                  FSMA with respect to anything done by it in relation to such
                  Securities in, from or otherwise involving the United Kingdom;

                           (vi) such Initial Purchaser agrees that, at or prior
                  to confirmation of sales of the Securities, it will have sent
                  to each distributor, dealer (as defined in Section 2(a)(12) of
                  the 1933 Act) or person receiving a selling concession, fee or
                  other remuneration that purchases Securities from it during
                  the 40-day distribution compliance period (as defined in
                  Regulation S) a confirmation or notice to substantially the
                  following effect:

                           "The securities covered hereby have not been
                           registered under the U.S. Securities Act of 1933 (the
                           "Securities Act") and may not be offered and sold
                           within the United States or to, or for the account or
                           benefit of, U.S. persons (i) as part of their
                           distribution at any time or (ii) otherwise until 40
                           days after the later of the commencement of the
                           offering and the closing date, except in either case
                           in accordance with Regulation S (or Rule 144A if
                           available) under the Securities Act. Terms used above
                           have the meaning given to them by Regulation S";

                           (vii) without limitation of the other agreements of
                  such Initial Purchaser set forth herein, such Initial
                  Purchaser agrees that all offers and sales of the Securities
                  prior to the expiration of the 40-day distribution compliance
                  period under Regulation S shall be made only in accordance
                  with the provisions of Section 903 or 904 of Regulation S,
                  pursuant to registration of the Securities and the Guarantees
                  under the 1933 Act or pursuant to an available exemption from
                  the registration requirements of the 1933 Act.

                                       20
<PAGE>

         As used in this Section 6, the terms "offering restrictions", "U.S.
person", and "United States" have the respective meanings given to them by
Regulation S.

                  (c) The Company and the Guarantors, jointly and severally,
         covenant with each Initial Purchaser as follows:

                           (i) Neither the Company nor any of its subsidiaries
                  nor any of their respective Affiliates will, directly or
                  through any agent (it being understood that no covenant is
                  made by the Company and the Guarantors with respect to the
                  Initial Purchasers and their agents), sell, offer for sale or
                  solicit offers to buy or otherwise negotiate in respect of any
                  security (as defined in the 1933 Act) that could be integrated
                  with the sale of the Securities or the Guarantees in a manner
                  that would require registration of the Securities or the
                  Guarantees under the 1933 Act.

                           (ii) Neither the Company nor any of its subsidiaries
                  nor any of their respective Affiliates will solicit any offer
                  to buy or offer or sell any of the Securities or Guarantees by
                  means of any form of general solicitation or general
                  advertising (as those terms are used in Regulation D under the
                  1933 Act) or in any manner involving a public offering within
                  the meaning of Section 4(2) of the 1933 Act.

                           (iii) While any of the Securities or Guarantees
                  remain "restricted securities" within the meaning of Rule 144
                  under the 1933 Act, the Company and the Guarantors will make
                  available, promptly upon request, to any holder or beneficial
                  owner of such Securities and any prospective purchaser
                  designated by such holder or beneficial owner, the information
                  specified in Rule 144A(d)(4) under the 1933 Act, unless the
                  Company and all of the then guarantors of the Securities are
                  subject to Section 13 or 15(d) of the 1934 Act.

                           (iv) None of the Company nor any of its subsidiaries
                  nor any their respective Affiliates nor any person acting on
                  its or their behalf (it being understood that no covenant is
                  made by the Company and the Guarantors with respect to the
                  Initial Purchasers and their agents) will engage in any
                  directed selling efforts (as that term is defined in
                  Regulation S) with respect to the Securities or the
                  Guarantees, and the Company and its subsidiaries and their
                  respective Affiliates and each person acting on its or their
                  behalf (it being understood that no covenant is made by the
                  Company and the Guarantors with respect to the Initial
                  Purchasers and their agents) will comply with the offering
                  restrictions requirement of Regulation S.

                           (v) So long as any of the Securities or Guarantees
                  are "restricted securities" (as defined in Rule 144 under the
                  1933 Act), the Company and the Guarantors will not resell or
                  otherwise transfer, and will not permit any of their
                  respective subsidiaries or other Affiliates to resell or
                  otherwise transfer, any of the Securities that have been
                  reacquired by any of them.

         SECTION 7. Indemnification.

         (a) Indemnification of Initial Purchasers. The Company and the
Guarantors, jointly and severally, agree to indemnify and hold harmless each
Initial Purchaser and each person, if

                                       21
<PAGE>

any, who controls any Initial Purchaser within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act as follows:

                           (i) against any and all loss, liability, claim,
                  damage and expense whatsoever, as incurred, arising out of any
                  untrue statement or alleged untrue statement of a material
                  fact contained in the Preliminary Memorandum or the Final
                  Memorandum (or any amendment or supplement thereto), or the
                  omission or alleged omission therefrom of a material fact
                  required to be stated therein or necessary in order to make
                  the statements therein, in the light of the circumstances
                  under which they were made, not misleading;

                           (ii) against any and all loss, liability, claim,
                  damage and expense whatsoever, as incurred, to the extent of
                  the aggregate amount paid in settlement of any litigation, or
                  any investigation or proceeding by any governmental agency or
                  body, commenced or threatened, or of any claim whatsoever
                  based upon any such untrue statement or omission, or any such
                  alleged untrue statement or omission; provided that (subject
                  to Section 7(d) below) any such settlement is effected with
                  the written consent of the Company; and

                           (iii) against any and all expense whatsoever, as
                  incurred (including the fees and disbursements of counsel
                  chosen by Wachovia), reasonably incurred in investigating,
                  preparing or defending against any litigation, or any
                  investigation or proceeding by any governmental agency or
                  body, commenced or threatened, or any claim whatsoever based
                  upon any such untrue statement or omission, or any such
                  alleged untrue statement or omission, to the extent that any
                  such expense is not paid under (i) or (ii) above;

provided, however, that this indemnity agreement shall not apply to any loss,
liability, claim, damage or expense to the extent arising out of any untrue
statement or omission or alleged untrue statement or omission made in reliance
upon and in conformity with written information furnished to the Company by any
Initial Purchaser through Wachovia expressly for use in the Preliminary
Memorandum or the Final Memorandum (or any amendment or supplement thereto); and
provided, further, that this indemnity agreement with respect to the Preliminary
Memorandum shall not inure to the benefit of any Initial Purchaser from whom the
person asserting any such losses, liabilities, claims, damages or expenses
purchased Securities, or any person controlling such Initial Purchaser, if a
copy of the Final Memorandum (as then amended or supplemented if the Company
shall have furnished any such amendments or supplements thereto, but excluding
documents incorporated or deemed to be incorporated by reference therein) was
not sent or given by or on behalf of such Initial Purchaser to such person, if
such is required by law, at or prior to the written confirmation of the sale of
such Securities to such person and if the Final Memorandum (as so amended or
supplemented, if applicable) would have corrected the defect giving rise to such
loss, liability, claim, damage or expense, except that this proviso shall not be
applicable if such defect shall have been corrected in a document which is
incorporated or deemed to be incorporated by reference in the Final Memorandum.

         (b) Indemnification of Company and Guarantors. Each Initial Purchaser
severally agrees to indemnify and hold harmless the Company, each Guarantor and
each person, if any,

                                       22
<PAGE>

who controls the Company or any Guarantor within the meaning of Section 15 of
the 1933 Act or Section 20 of the 1934 Act against any and all loss, liability,
claim, damage and expense described in the indemnity contained in subsection (a)
of this Section 7, as incurred, but only with respect to untrue statements or
omissions, or alleged untrue statements or omissions, made in the Preliminary
Memorandum or Final Memorandum (or any amendment or supplement thereto) in
reliance upon and in conformity with written information furnished to the
Company by such Initial Purchaser through Wachovia expressly for use in the
Preliminary Memorandum or Final Memorandum (or any amendment or supplement
thereto).

         (c) Actions Against Parties; Notification. Each indemnified party shall
give notice as promptly as reasonably practicable to each indemnifying party of
any action commenced against it in respect of which indemnity may be sought
hereunder, but failure to so notify an indemnifying party shall not relieve such
indemnifying party from any liability hereunder to the extent it is not
materially prejudiced as a result thereof and in any event shall not relieve it
from any liability which it may have otherwise than on account of this indemnity
agreement. In the case of parties indemnified pursuant to Section 7(a) above,
counsel to the indemnified parties shall be selected by Wachovia, and, in the
case of parties indemnified pursuant to Section 7(b) above, counsel to the
indemnified parties shall be selected by the Company. An indemnifying party may
participate at its own expense in the defense of any such action; provided,
however, that counsel to the indemnifying party shall not (except with the
consent of the indemnified party) also be counsel to the indemnified party. In
no event shall the indemnifying parties be liable for fees and expenses of more
than one counsel (in addition to any local counsel) separate from their own
counsel for all indemnified parties in connection with any one action or
separate but similar or related actions in the same jurisdiction arising out of
the same general allegations or circumstances. No indemnifying party shall,
without the prior written consent of the indemnified parties, settle or
compromise or consent to the entry of any judgment with respect to any
litigation, or any investigation or proceeding by any governmental agency or
body, commenced or threatened, or any claim whatsoever in respect of which
indemnification or contribution could be sought under this Section 7 or Section
8 hereof (whether or not the indemnified parties are actual or potential parties
thereto), unless such settlement, compromise or consent (i) includes an
unconditional release of each indemnified party from all liability arising out
of such litigation, investigation, proceeding or claim and (ii) does not include
a statement as to or an admission of fault, culpability or a failure to act by
or on behalf of any indemnified party.

         (d) Settlement Without Consent if Failure to Reimburse. If at any time
an indemnified party shall have requested an indemnifying party to reimburse the
indemnified party for fees and expenses of counsel, such indemnifying party
agrees that it shall be liable for any settlement of the nature contemplated by
Section 7(a)(ii) effected without its written consent if (i) such settlement is
entered into more than 45 days after receipt by such indemnifying party of the
aforesaid request, (ii) such indemnifying party shall have received notice of
the terms of such settlement at least 30 days prior to such settlement being
entered into and (iii) such indemnifying party shall not have reimbursed such
indemnified party in accordance with such request prior to the date of such
settlement. The obligations of the Company and the Guarantors under this
paragraph are joint and several.

                                       23
<PAGE>

         SECTION 8. Contribution. If the indemnification provided for in Section
7 hereof is for any reason unavailable to or insufficient to hold harmless an
indemnified party in respect of any losses, liabilities, claims, damages or
expenses referred to therein, then each indemnifying party shall contribute to
the aggregate amount of such losses, liabilities, claims, damages and expenses
incurred by such indemnified party, as incurred, (i) in such proportion as is
appropriate to reflect the relative benefits received by the Company and the
Guarantors on the one hand and the Initial Purchasers on the other hand from the
offering of the Securities pursuant to this Agreement or (ii) if the allocation
provided by clause (i) is not permitted by applicable law, in such proportion as
is appropriate to reflect not only the relative benefits referred to in clause
(i) above but also the relative fault of the Company and the Guarantors on the
one hand and of the Initial Purchasers on the other hand in connection with the
statements or omissions which resulted in such losses, liabilities, claims,
damages or expenses, as well as any other relevant equitable considerations.

         The relative benefits received by the Company and the Guarantors on the
one hand and the Initial Purchasers on the other hand in connection with the
offering of the Securities pursuant to this Agreement shall be deemed to be in
the same respective proportions as the total net proceeds from the offering of
the Securities pursuant to this Agreement (before deducting expenses) received
by the Company and the Guarantors and the total discounts and commissions
received by the Initial Purchasers, in each case as set forth in Schedule C
hereto, bear to the aggregate initial offering price of the Securities as set
forth on Schedule C hereto.

         The relative fault of the Company and the Guarantors on the one hand
and the Initial Purchasers on the other hand shall be determined by reference
to, among other things, whether any such untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by the Company or any of the Guarantors or by the
Initial Purchasers and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.

         The Company, each Guarantor and the Initial Purchasers agree that it
would not be just and equitable if contribution pursuant to this Section 8 were
determined by pro rata allocation (even if the Initial Purchasers were treated
as one entity for such purpose) or by any other method of allocation which does
not take account of the equitable considerations referred to above in this
Section 8. The aggregate amount of losses, liabilities, claims, damages and
expenses incurred by an indemnified party and referred to above in this Section
8 shall be deemed to include any legal or other expenses reasonably incurred by
such indemnified party in investigating, preparing or defending against any
litigation, or any investigation or proceeding by any governmental agency or
body, commenced or threatened, or any claim whatsoever based upon any such
untrue or alleged untrue statement or omission or alleged omission.

         Notwithstanding the provisions of this Section 8, no Initial Purchaser
shall be required to contribute any amount in excess of the amount by which the
total price at which the Securities purchased by it pursuant to this Agreement
and distributed to investors were offered to investors exceeds the amount of any
damages which such Initial Purchaser has otherwise been required to pay by
reason of any such untrue or alleged untrue statement or omission or alleged
omission.

                                       24
<PAGE>

         No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the 1933 Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.

         For purposes of this Section 8, each person, if any, who controls an
Initial Purchaser within the meaning of Section 15 of the 1933 Act or Section 20
of the 1934 Act shall have the same rights to contribution as such Initial
Purchaser, and each person, if any, who controls the Company or any Guarantor
within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act
shall have the same rights to contribution as the Company. The Initial
Purchasers' respective obligations to contribute pursuant to this Section 8 are
several in proportion to the principal amount of Securities set forth opposite
their respective names in Schedule B hereto and not joint. The obligations of
the Company and the Guarantor to contribute pursuant to this Section 8 are joint
and several.

         SECTION 9. Representations, Warranties and Agreements to Survive
Delivery. All representations, warranties and agreements contained in this
Agreement or in certificates of officers of the Company or any of its
subsidiaries submitted pursuant hereto, shall remain operative and in full force
and effect, regardless of any investigation made by or on behalf of any Initial
Purchaser or controlling person, or by or on behalf of the Company or any of the
Guarantors, and shall survive delivery of the Securities to the Initial
Purchasers.

         SECTION 10. Termination of Agreement.

         (a) Termination; General. Wachovia may terminate this Agreement, by
notice to the Company, at any time at or prior to Closing Time (i) if there has
been, since the time of execution of this Agreement or since the respective
dates as of which information is given in the Final Memorandum, any material
adverse change in the condition, financial or otherwise, or in the earnings,
business affairs or business prospects of the Company and its subsidiaries
considered as one enterprise, whether or not arising in the ordinary course of
business, or (ii) if there has occurred any material adverse change in the
financial markets in the United States or the international financial markets,
any outbreak of hostilities or escalation thereof or other calamity or crisis or
any change or development involving a prospective change in national or
international political, financial or economic conditions, in each case the
effect of which is such as to make it, in the judgment of Wachovia,
impracticable or inadvisable to market the Securities or to enforce contracts
for the sale of the Securities, or (iii) if trading in any securities of the
Company has been suspended or materially limited by the Commission or the Nasdaq
Stock Market's National Market, or if trading generally on the American Stock
Exchange or the New York Stock Exchange or in the Nasdaq Stock Market's National
Market has been suspended or materially limited, or minimum or maximum prices
for trading have been fixed, or maximum ranges for prices have been required, by
any of said exchanges or by such system or by order of the Commission, the
National Association of Securities Dealers, Inc. or any other governmental
authority, or (iv) if a banking moratorium has been declared by either Federal
or New York authorities.

         (b) Liabilities. If this Agreement is terminated pursuant to this
Section, such termination shall be without liability of any party to any other
party except as provided in

                                       25
<PAGE>

Section 4 hereof, and provided further that Sections 1, 7, 8 and 9 shall survive
such termination and remain in full force and effect.

         SECTION 11. Default by One of the Initial Purchasers. If one of the
Initial Purchasers shall fail at Closing Time to purchase the Securities that it
is obligated to purchase under this Agreement (the "Defaulted Securities"),
Wachovia shall have the right, within 24 hours thereafter, to make arrangements
for the non-defaulting Initial Purchaser, or any other initial purchasers, to
purchase all, but not less than all, of the Defaulted Securities in such amounts
as may be agreed upon and upon the terms herein set forth; if, however, Wachovia
shall not have completed such arrangements within such 24-hour period, then:

         (a)      if the number of Defaulted Securities does not exceed 10% of
                  the aggregate principal amount of Securities to be purchased
                  on such date, the non-defaulting Initial Purchaser shall be
                  obligated to purchase the full amount thereof, or

         (b)      if the number of Defaulted Securities exceeds 10% of the
                  aggregate principal amount of Securities to be purchased
                  hereunder, this Agreement shall terminate without liability on
                  the part of the non-defaulting Initial Purchaser.

         No action taken pursuant to this Section shall relieve any defaulting
Initial Purchaser from liability in respect of its default.

         In the event of any such default that does not result in a termination
of this Agreement, either Wachovia or the Company shall have the right to
postpone Closing Time for a period not exceeding seven days in order to effect
any required changes in the Final Memorandum or in any other documents or
arrangements. As used herein, the term "Initial Purchaser" includes any person
substituted for an Initial Purchaser under this Section 11.

         SECTION 12. Tax Disclosure. Notwithstanding any other provision of this
Agreement, immediately upon commencement of discussions with respect to the
transactions contemplated hereby, the Company and each Guarantor (and each
employee, the Initial Purchasers or other agent of the Company and such
Guarantor) may disclose to any and all persons, without limitation of any kind,
the tax treatment and tax structure of the transactions contemplated by this
Agreement and all materials of any kind (including opinions or other tax
analyses) that are provided to the Company and such Guarantor relating to such
tax treatment and tax structure. For purposes of the foregoing, the term "tax
treatment" is the purported or claimed federal income tax treatment of the
transactions contemplated hereby, and the term "tax structure" includes any fact
that may be relevant to understanding the purported or claimed federal income
tax treatment of the transactions contemplated hereby.

         SECTION 13. Notices. All notices and other communications hereunder
shall be in writing and shall be deemed to have been duly given if mailed or
transmitted by any standard form of telecommunication. Notices to any Initial
Purchaser shall be directed to it c/o Wachovia Capital Markets, LLC, 12 East
49th Street, New York, New York 10017, attention High Yield Capital Markets; and
notices to the Company and the Guarantors shall be directed to it at 3038 Sidco
Drive, Nashville, Tennessee 37204, attention of Chief Financial Officer.

                                       26
<PAGE>

         SECTION 14. Parties. This Agreement shall inure to the benefit of and
be binding upon the Initial Purchasers, the Guarantors and the Company and their
respective successors. Nothing expressed or mentioned in this Agreement is
intended or shall be construed to give any person, firm or corporation, other
than the Initial Purchasers, the Guarantors and the Company and their respective
successors and the controlling persons referred to in Sections 7 and 8, any
legal or equitable right, remedy or claim under or in respect of this Agreement
or any provision herein contained. This Agreement and all conditions and
provisions hereof are intended to be for the sole and exclusive benefit of the
Initial Purchasers and the Company, the Guarantors and their respective
successors, and said controlling persons, and for the benefit of no other
person, firm or corporation. No purchaser of Securities from any Initial
Purchaser shall be deemed to be a successor by reason merely of such purchase.

         SECTION 15. GOVERNING LAW AND TIME. THIS AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EXCEPT AS
OTHERWISE EXPRESSLY SET FORTH HEREIN, SPECIFIED TIMES OF DAY REFER TO NEW YORK
CITY TIME.

         SECTION 16. Effect of Headings. The Article and Section headings herein
are for convenience only and shall not affect the construction hereof.

                            [SIGNATURE PAGE FOLLOWS]

                                       27

<PAGE>
         If the foregoing is in accordance with your understanding of our
agreement, please sign and return to the Company and the Guarantors a
counterpart hereof, whereupon this instrument, along with all counterparts, will
become a binding agreement between the Initial Purchasers, the Company and the
Guarantors in accordance with its terms.

                                        Very truly yours,

                                        O'CHARLEY'S INC.

                                        By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Chief Financial Officer,
                                                   Secretary and Treasurer

                                        AIR TRAVEL SERVICES, INC.

                                        By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary and Treasurer

                                        DFI, INC.

                                        By:  /s/ A. Chad Fitzhugh
                                             -----------------------------------
                                             Name:  A. Chad Fitzhugh
                                             Title: Secretary and Treasurer

                                        O'CHARLEY'S FINANCE COMPANY, INC.

                                        By:  /s/ A. Chad Fitzhugh
                                             -----------------------------------
                                             Name:  A. Chad Fitzhugh
                                             Title: Secretary and Treasurer

                                        O'CHARLEY'S MANAGEMENT COMPANY, INC.

                                        By:  /s/ A. Chad Fitzhugh
                                             -----------------------------------
                                             Name:  A. Chad Fitzhugh
                                             Title: Secretary and Treasurer

                                       28

<PAGE>

                                       O'CHARLEY'S RESTAURANT PROPERTIES, LLC

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary

                                       O'CHARLEY'S SERVICE COMPANY, INC.

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary and Treasurer

                                       O'CHARLEY'S SPORTS BAR, INC.

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: President

                                       OCI, INC.

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary and Treasurer

                                       OPI, INC.

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary and Treasurer

                                       99 COMMISSARY, LLC

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary

                                       29
<PAGE>

                                       99 RESTAURANTS, LLC

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary

                                       99 RESTAURANTS OF BOSTON, LLC

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary

                                       99 RESTAURANTS OF MASSACHUSETTS,
                                       A MASSACHUSETTS BUSINESS TRUST

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary and Treasurer

                                       99 RESTAURANTS OF VERMONT, LLC

                                       By:  99 WEST, INC., its Sole Member

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Clerk and Treasurer

                                       99 WEST, INC.

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Clerk and Treasurer

                                       STONEY RIVER MANAGEMENT COMPANY, INC.

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary and Treasurer

                                       30
<PAGE>

                                       STONEY RIVER LEGENDARY MANAGEMENT, L.P.

                                       By:  STONEY RIVER, LLC, its General
                                            Partner

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary

                                       STONEY RIVER, LLC

                                       By:  /s/ A. Chad Fitzhugh
                                            ------------------------------------
                                            Name:  A. Chad Fitzhugh
                                            Title: Secretary

CONFIRMED AND ACCEPTED,
  as of the date first above written:

WACHOVIA CAPITAL MARKETS, LLC

By: /s/
    ---------------------------------
          Authorized Signatory

MORGAN JOSEPH & CO. INC.

By: /s/
    ---------------------------------
          Authorized Signatory

                                       31
<PAGE>

                                   SCHEDULE A

                               List of Guarantors

1.       Air Travel Services, Inc., a Tennessee corporation

2.       DFI, Inc., a Tennessee corporation

3.       O'Charley's Finance Company, Inc., a Tennessee corporation

4.       O'Charley's Management Company, Inc., a Tennessee corporation

5.       O'Charley's Restaurant Properties, LLC, a Delaware limited liability
         company

6.       O'Charley's Service Company, Inc., a Tennessee corporation

7.       O'Charley's Sports Bar, Inc., an Alabama corporation

8.       OCI, Inc., a Delaware corporation

9.       OPI, Inc., a Colorado corporation

10.      99 Commissary, LLC, a Delaware limited liability company

11.      99 Restaurants, LLC, a Delaware limited liability company

12.      99 Restaurants of Boston, LLC, a Delaware limited liability company

13.      99 Restaurants of Massachusetts, a Massachusetts Business Trust

14.      99 Restaurants of Vermont, LLC, a Vermont limited liability company

15.      99 West, Inc., a Massachusetts corporation

16.      Stoney River Management Company, Inc., a Delaware corporation

17.      Stoney River Legendary Management, L.P., a Georgia limited partnership

18.      Stoney River, LLC, a Delaware limited liability company

                                    Sch A-1
<PAGE>
                                   SCHEDULE B

<TABLE>
<CAPTION>
Name of Initial Purchasers:                       Principal Amount of Securities:
--------------------------                        ------------------------------
<S>                                               <C>
Wachovia Capital Markets, LLC                                 $113,000,000

Morgan Joseph & Co. Inc.                                      $ 12,000,000
                                                              ------------
                                           Total:             $125,000,000
</TABLE>

                                    Sch B-1

<PAGE>
                                   SCHEDULE C

         1. The initial offering price of the Securities shall be 100% of the
principal amount thereof, plus accrued interest, if any, from November 4, 2003.

         2. The purchase price to be paid by the Initial Purchasers for the
Securities shall be 98.318% of the principal amount thereof.

         3. For purposes of the second paragraph of Section 8 of the Purchase
Agreement to which this Schedule C is attached, the total net proceeds from the
offering of the Securities are $122,897,500, the total discounts and commissions
received by the Initial Purchasers are $2,102,500 and the aggregate initial
offering price of the Securities is $125,000,000.

                                    Sch C-1
<PAGE>
                                   SCHEDULE D

                           Subsidiaries of the Company

<TABLE>
<CAPTION>
                     Name                          Jurisdiction of Organization               Type of Entity
                     ----                          ----------------------------               --------------
<S>                                                <C>                                  <C>
Air Travel Services, Inc.                                    Tennessee                         Corporation
DFI, Inc.                                                    Tennessee                         Corporation
O'Charley's Finance Company, Inc.                            Tennessee                         Corporation
O'Charley's Management Company, Inc. ("OCMC")                Tennessee                         Corporation
O'Charley's Restaurant Properties, LLC                       Delaware                   Limited Liability Company
O'Charley's Service Company, Inc.                            Tennessee                         Corporation
O'Charley's Sports Bar, Inc.                                  Alabama                          Corporation
OCI, Inc.                                                    Delaware                          Corporation
OPI, Inc.                                                    Colorado                          Corporation
Stoney River, LLC                                            Delaware                   Limited Liability Company
Stoney River Legendary Management, L.P.                       Georgia                      Limited Partnership
("Stoney River")
Stoney River Management Company, Inc. ("SRMC")               Delaware                          Corporation
SRLS LLC 5001*                                               Delaware                   Limited Liability Company
SRLS LLC 5002*                                               Delaware                   Limited Liability Company
SRLS LLC 5003*                                               Delaware                   Limited Liability Company
SRLS LLC 5004*                                               Delaware                   Limited Liability Company
SRLS LLC 5005                                                Delaware                   Limited Liability Company
SRLS LLC 5006*                                               Delaware                   Limited Liability Company
</TABLE>

-----------------------

*   The Company owns, directly or through wholly-owned subsidiaries, a 94%
    membership interest in each of these subsidiaries and the Company or one of
    its wholly-owned subsidiaries is the manager of each of these subsidiaries.

                                    Sch D-1

<PAGE>

<TABLE>
<S>                                                        <C>                         <C>
99 Commissary, LLC                                           Delaware                   Limited Liability Company
99 Restaurants of Massachusetts, a                         Massachusetts               Massachusetts Business Trust
Massachusetts Business Trust
99 Restaurants of Vermont, LLC                                Vermont                   Limited Liability Company
99 Restaurants, LLC                                          Delaware                   Limited Liability Company
99 Restaurants of Boston, LLC                                Delaware                   Limited Liability Company
99 West, Inc.                                              Massachusetts                       Corporation
</TABLE>

                                    Sch D-2<PAGE>

                                                                    Exhibit 10.2

                                                                  EXECUTION COPY

                                O'Charley's Inc.

                                  $125,000,000

                      9% Senior Subordinated Notes due 2013

                          REGISTRATION RIGHTS AGREEMENT

November 4, 2003

Wachovia Capital Markets, LLC
Morgan Joseph & Co. Inc.

c/o Wachovia Capital Markets, LLC
12 East 49th Street
44th Floor
New York, New York  10017

Ladies and Gentlemen:

         O'Charley's Inc., a Tennessee corporation (the "Company"), and the
Company's subsidiaries listed on Schedule I hereto (the "Guarantors") confirm
their agreement with Wachovia Capital Markets, LLC ("Wachovia") and Morgan
Joseph & Co. Inc. (together with Wachovia, the "Initial Purchasers") on the
terms set forth herein.

         This agreement (the "Registration Rights Agreement" or this
"Agreement") is being entered into in connection with a certain note purchase
agreement, dated October 30, 2003, by and among the Company, the Guarantors and
the Initial Purchasers (the "Purchase Agreement"), which provides for the
issuance and sale by the Company to the Initial Purchasers of $125,000,000
aggregate principal amount of the Company's 9% Senior Subordinated Notes due
2013 (the "Notes") to be unconditionally guaranteed on an unsecured senior
subordinated basis by the Guarantors (the "Note Guarantees"). In order to induce
the Initial Purchasers to enter into the Purchase Agreement, the Company and the
Guarantors have agreed to provide the registration rights set forth in this
Agreement for the benefit of the Initial Purchasers and their direct and
indirect transferees. The parties hereby agree as follows:

                  1.       Definitions. Capitalized terms used herein without
definition shall have their respective meanings set forth in the Purchase
Agreement. As used in this Agreement, the following capitalized defined terms
shall have the following meanings:

                  "Act" means the Securities Act of 1933, as amended, and the
rules and regulations of the Commission promulgated thereunder.

<PAGE>

                  "Additional Interest" has the meaning set forth in Section 4
hereto.

                  "Affiliate" means, with respect to any specified person, any
other person that, directly or indirectly, is in control of, is controlled by,
or is under common control with, such specified person. For purposes of this
definition, control of a person means the power, direct or indirect, to direct
or cause the direction of the management and policies of such person whether by
contract or otherwise; and the terms "controlling" and "controlled" have
meanings correlative to the foregoing.

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

                  "Business Day" means any day excluding Saturday, Sunday or any
other day which is a legal holiday under the laws of the City of New York, New
York or is a day on which banking institutions therein located are authorized or
required by law or other governmental action to close.

                  "Commission" means the Securities and Exchange Commission.

                  "Consummate" means, with respect to a Registered Exchange
Offer, the occurrence of (a) the filing and effectiveness under the Act of the
Exchange Offer Registration Statement relating to the Exchange Notes to be
issued in the Registered Exchange Offer, (b) the maintenance of such
Registration Statement continuously effective and the keeping of the Registered
Exchange Offer open for a period not less than the minimum period required
pursuant to Section 2(c)(ii) hereof, (c) the Company's acceptance for exchange
of all Transfer Restricted Notes duly tendered and not validly withdrawn
pursuant to the Registered Exchange Offer and (d) the delivery of Exchange Notes
by the Company to the registrar under the Indenture in the same aggregate
principal amount as the aggregate principal amount of Transfer Restricted Notes
duly tendered and not validly withdrawn by Holders thereof pursuant to the
Registered Exchange Offer and the delivery of such Exchange Notes to such
Holders. The term "Consummation" has a meaning correlative to the foregoing.

                  "Exchange Act" means the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission promulgated thereunder.

                  "Exchange Notes" means debt securities of the Company,
guaranteed by the Guarantors, substantially identical in all material respects
to the Notes other than issue date (except that the Additional Interest
provisions and the transfer restrictions pertaining to the Notes will be
modified or eliminated, as appropriate), to be issued under the Indenture in
connection with the Registered Exchange Offer.

                  "Exchange Offer Registration Period" means the 180-day period
following the Consummation of the Registered Exchange Offer, exclusive of any
period during which any stop order shall be in effect suspending the
effectiveness of the Exchange Offer Registration Statement or during which the
Company has suspended the use of the Prospectus contained therein pursuant to
Section 2(d); provided, however, that in the event that all resales of Exchange
Notes (including, subject to the time periods set forth herein, any resales by
Participating Broker-Dealers) covered by such Exchange Offer Registration
Statement have been made, the Exchange Offer Registration Statement need not
thereafter remain continuously effective for such period.

<PAGE>

                  "Exchange Offer Registration Statement" means a registration
statement of the Company and the Guarantors on an appropriate form under the Act
with respect to the Registered Exchange Offer, all amendments and supplements to
such registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

                  "Filing Date" has the meaning set forth in Section 2 hereto.

                  "Holder" means any holder from time to time of Transfer
Restricted Notes or Exchange Notes (including any of the Initial Purchasers).

                  "Indenture" means the indenture relating to the Notes and the
Exchange Notes, dated as of November 4, 2003, among the Company, the Guarantors
and The Bank of New York, trustee, as the same may be amended, supplemented,
waived or otherwise modified from time to time in accordance with the terms
thereof.

                  "Initial Purchasers" has the meaning set forth in the preamble
hereto.

                  "Issue Date" means November 4, 2003.

                  "Losses" has the meaning set forth in Section 8(d) hereto.

                  "Majority Holders" means the Holders of a majority of the
aggregate principal amount of Transfer Restricted Notes registered under a
Registration Statement.

                  "Managing Underwriters" means the investment banker or
investment bankers and manager or managers that shall administer an underwritten
offering under a Shelf Registration Statement.

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

                  "Participating Broker-Dealer" means any Holder (which may
include any of the Initial Purchasers) that is a broker-dealer electing to
exchange Notes acquired for its own account as a result of market-making
activities or other trading activities for Exchange Notes.

                  "Private Exchange Notes" has the meaning set forth in Section
2(g) hereof.

                  "Prospectus" means the prospectus included in any Registration
Statement (including a prospectus that discloses information previously omitted
from a prospectus filed as part of an effective registration statement in
reliance upon Rule 430A under the Act or any similar rule that may be adopted by
the Commission), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Transfer Restricted
Notes covered by such Registration Statement, and all amendments and supplements
to the Prospectus.

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

<PAGE>

                  "Registered Exchange Offer" means the proposed offer to the
Holders to issue and deliver to such Holders, in exchange for the Notes, a like
aggregate principal amount of Exchange Notes.

                  "Registration Statement" means any Exchange Offer Registration
Statement or Shelf Registration Statement that covers any of the Transfer
Restricted Notes (including the Note Guarantee) pursuant to the provisions of
this Agreement, amendments and supplements to such registration statement,
including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto, and all material incorporated by
reference therein.

                  "Shelf Registration" means a registration of Transfer
Restricted Notes with the Commission effected pursuant to Section 3 hereof.

                  "Shelf Registration Period" has the meaning set forth in
Section 3(c) hereof.

                  "Shelf Registration Statement" means a "shelf" registration
statement of the Company and the Guarantors filed pursuant to the provisions of
Section 3 hereof, which covers some or all of the Transfer Restricted Notes, as
applicable, on an appropriate form under Rule 415 under the Act, or any similar
rule that may be adopted by the Commission, and which may be in the format of an
amendment to the Exchange Offer Registration Statement if permitted by the
Commission, all amendments and supplements to such registration statement,
including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated by
reference therein.

                  "Transfer Restricted Notes" means each Note upon original
issuance thereof and at all times subsequent thereto, each Private Exchange Note
as to which Section 3(a)(iii) or Section 3(a)(iv) applies upon original issuance
and at all times subsequent thereto, until in the case of any such Note or
Exchange Note, as the case may be, the earliest to occur of (i) the date on
which such Note has been exchanged by a person other than a Participating
Broker-Dealer for an Exchange Note (other than with respect to an Exchange Note
as to which Section 3(a)(iii) or Section 3(a)(iv) apply), (ii) with respect to
Exchange Notes received by Participating Broker-Dealers in the Registered
Exchange Offer, the date on which such Exchange Note has been sold by such
Participating Broker-Dealer by means of the Prospectus contained in the Exchange
Offer Registration Statement, (iii) a Shelf Registration Statement covering such
Note or Exchange Note, as the case may be, has been declared effective by the
Commission and such Note or Exchange Note, as the case may be, has been disposed
of in accordance with such effective Shelf Registration Statement, (iv) the date
on which such Note or Exchange Note, as the case may be, can be sold without any
limitations under Rule 144 under the Act or any similar rule that may be adopted
by the Commission, (v) the date on which such Note or Exchange is transferred to
the public pursuant to Rule 144 under the Act or (vi) such Note or Exchange
Note, as the case may be, ceases to be outstanding for purposes of the
Indenture.

                  "Trust Indenture Act" means the Trust Indenture Act of 1939,
as amended.

                  "Trustee" means the trustee with respect to the Notes or
Exchange Notes, as applicable, under the Indenture.

<PAGE>

                  2. Registered Exchange Offer; Resales of Exchange Notes by
Participating Broker-Dealers; Private Exchange. (a) The Company and the
Guarantors shall prepare and, not later than 90 days from the Issue Date (or, if
such 90th day is not a Business Day, by the first Business Day thereafter),
shall file with the Commission the Exchange Offer Registration Statement with
respect to the Registered Exchange Offer (the date of such filing hereinafter
referred to as the "Filing Date"). The Company and the Guarantors shall use
their reasonable best efforts (i) to cause the Exchange Offer Registration
Statement to be declared effective under the Act within 180 days from the Issue
Date (or, if such 180th day is not a Business Day, by the first Business Day
thereafter), and (ii) to Consummate the Registered Exchange Offer within 210
days from the Issue Date (or, if such 210th day is not a Business Day, by the
first Business Day thereafter).

                  (b) The objective of such Registered Exchange Offer is to
enable each Holder electing to exchange Transfer Restricted Notes for Exchange
Notes (assuming that such Holder (x) is not an "affiliate" of the Company or the
Guarantors within the meaning of the Act, (y) is not a broker-dealer that
acquired the Transfer Restricted Notes in a transaction other than as a part of
its market-making or other trading activities and (z) if such Holder is not a
broker-dealer, acquires the Exchange Notes in the ordinary course of such
Holder's business, is not participating in the distribution of the Exchange
Notes and has no arrangements or intentions with any person to make a
distribution of the Exchange Notes) to resell such Exchange Notes from and after
their receipt without any limitations or restrictions under the Act and without
material restrictions under the securities laws of a substantial proportion of
the several states of the United States. Each Holder participating in the
Registered Exchange Offer shall be required to represent to the Company and the
Guarantors that at the time of the Consummation of the Registered Exchange Offer
each of the items listed in subsections (x), (y) and (z) of this Section 2(b) is
true.

                  (c) In connection with the Registered Exchange Offer, the
Company and the Guarantors shall:

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

                  (ii)     keep the Registered Exchange Offer open for
         acceptance for not less than 20 Business Days (or longer if required by
         applicable law) after the date notice thereof is mailed to Holders;

                  (iii)    permit Holders to withdraw tendered Notes at any time
         prior to 5:00 p.m. New York City time on the last Business Day on which
         the Registered Exchange Offer shall remain open;

                  (iv)     utilize the services of a depositary for the
         Registered Exchange Offer with an address in the Borough of Manhattan,
         the City of New York; and

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

<PAGE>

                  (d) The Company and the Guarantors may suspend the use of the
Prospectus for a period not to exceed 30 days in any six-month period or an
aggregate of 45 days in any twelve-month period for valid business reasons (not
including avoidance of their obligations hereunder) or to avoid premature public
disclosure of a pending corporate transaction, including pending acquisitions or
divestitures of assets, mergers and combinations and similar events; provided
that (i) the Company and the Guarantors promptly thereafter comply with the
requirements of Section 5(k) hereof, if applicable, (ii) the Exchange Offer
Registration Period shall be extended by the number of days during which such
Registration Statement was not effective or usable pursuant to the foregoing
provisions and (iii) the Additional Interest shall accrue on the Notes as
provided in Section 4 hereof.

                  (e) As soon as practicable after the Consummation of the
Registered Exchange Offer, the Company and the Guarantors shall:

                  (i) accept for exchange all the Notes validly tendered and not
         withdrawn pursuant to the Registered Exchange Offer;

                  (ii) deliver to the Trustee for cancellation all of the Notes
         so accepted for exchange; and

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

                  (f) The Initial Purchasers, the Company and the Guarantors
acknowledge that, pursuant to interpretations by the staff of the Commission of
Section 5 of the Act, and in the absence of an applicable exemption therefrom,
each Participating Broker-Dealer is required to deliver a Prospectus in
connection with a sale of any Exchange Notes received by such Participating
Broker-Dealer pursuant to the Registered Exchange Offer in exchange for Transfer
Restricted Notes acquired for its own account as a result of market-making
activities or other trading activities. Accordingly, the Company and the
Guarantors will allow Participating Broker-Dealers and other persons, if any,
with similar prospectus delivery requirements to use the Prospectus contained in
the Exchange Offer Registration Statement during the Exchange Offer Registration
Period in connection with the resale of such Exchange Notes and shall:

                  (i) include the information set forth in (a) Annex A hereto on
         the cover of the Prospectus forming a part of the Exchange Offer
         Registration Statement; (b) Annex B hereto in the forepart of the
         Exchange Offer Registration Statement in a section setting forth
         details of the Registered Exchange Offer; (c) Annex C hereto in the
         plan of distribution section of the Prospectus forming a part of the
         Exchange Offer Registration Statement, and (d) Annex D hereto in the
         letter of transmittal delivered pursuant to the Registered Exchange
         Offer; and

                  (ii)use reasonable best efforts to keep the Exchange Offer
         Registration Statement continuously effective (subject to Section 2(d))
         under the Act during the Exchange Offer Registration Period for
         delivery of the Prospectus included therein by Participating

<PAGE>

         Broker-Dealers in connection with sales of Exchange Notes received
         pursuant to the Registered Exchange Offer, as contemplated by Section
         5(h) below.

                  (g) In the event that any Initial Purchaser determines that it
is not eligible to participate in the Registered Exchange Offer with respect to
the exchange of Transfer Restricted Notes constituting any portion of an unsold
allotment, upon the effectiveness of the Shelf Registration Statement as
contemplated by Section 3 hereof and at the request of such Initial Purchaser,
the Company and the Guarantors shall issue and deliver to such Initial
Purchaser, or to the party purchasing Transfer Restricted Notes registered under
the Shelf Registration Statement from such Initial Purchaser, in exchange for
such Transfer Restricted Notes, a like principal amount of Exchange Notes to the
extent permitted by applicable law (the "Private Exchange Notes"). The Company
and the Guarantors shall use their reasonable best efforts to cause the CUSIP
Service Bureau to issue the same CUSIP number for such Private Exchange Notes as
for Exchange Notes issued pursuant to the Registered Exchange Offer.

                  3. Shelf Registration. (a) If (i) the Company and the
Guarantors are not permitted to file the Exchange Offer Registration Statement
or to Consummate the Registered Exchange Offer because the Registered Exchange
Offer is not permitted by applicable law or Commission policy, (ii) for any
other reason the Registered Exchange Offer is not Consummated within 210 days
(or if such 210th day is not a Business Day, by the first Business Day
thereafter) of the Issue Date, (iii) an Initial Purchaser so requests with
respect to Notes acquired by it directly from the Company or one of its
Affiliates, which have not been resold on or prior to the 30th day (or if such
30th day is not a Business Day, by the first Business Day thereafter) following
the Consummation of the Registered Exchange Offer, (iv) any Holder notifies the
Company and the Guarantors on or prior to the 30th day (or if such 30th day is
not a Business Day, by the first Business Day thereafter) following the
Consummation of the Registered Exchange Offer that (A) such Holder is not
eligible to participate in the Registered Exchange Offer, due to applicable law
or Commission policy, (B) such Holder is a Participating Broker-Dealer that
cannot publicly resell the Exchange Notes that it acquires in the Registered
Exchange Offer without delivering a Prospectus and the Prospectus contained in
the Exchange Offer Registration Statement is not appropriate or available for
resales following the completion of the Registered Exchange Offer, or (C) the
Holder is a broker-dealer and owns Notes it has not exchanged and that it
acquired directly from the Company or one of its Affiliates, or (v) in the case
where an Initial Purchaser participates in the Registered Exchange Offer or
acquires Private Exchange Notes pursuant to Section 2(g) hereof, such Initial
Purchaser does not receive freely tradable Exchange Notes in exchange for Notes
constituting any portion of an unsold allotment and such Initial Purchaser
notifies the Company and the Guarantors on or prior to the 30th day following
the Consummation of the Registered Exchange Offer (it being understood that, for
purposes of this Section 3, (x) the requirement that the Initial Purchaser
deliver a Prospectus containing the information required by Items 507 and/or 508
of Regulation S-K under the Act in connection with sales of Exchange Notes
acquired in exchange for such Transfer Restricted Notes shall result in such
Exchange Notes being not "freely tradable" and (y) the requirement that a
Participating Broker-Dealer deliver a Prospectus in connection with sales of
Exchange Notes acquired in the Registered Exchange Offer in exchange for
Transfer Restricted Notes acquired as a result of market-making activities or
other trading activities shall not result in such Exchange Notes being not
"freely tradable"), the following provisions shall apply:

<PAGE>

                  (b) The Company and the Guarantors shall use their reasonable
best efforts to prepare and file with the Commission a Shelf Registration
Statement prior to the 30th day (or if such 30th day is not a Business Day, by
the first Business Day thereafter) following the earliest to occur of (i) the
date on which the Company and the Guarantors determine that they are not
permitted to file the Exchange Offer Registration Statement or to Consummate the
Exchange Offer; (ii) 30 days (or if such 30th day is not a Business Day, by the
first Business Day thereafter) after the Exchange Offer Registration Statement
has been declared effective if the Registered Exchange Offer has not been
Consummated by such date and (iii) the date notice is given pursuant to Section
(a)(iii), (iv) or (v) above (or if either such 30th day is not a Business Day,
by the first Business Day thereafter), and shall use their reasonable best
efforts to cause the Shelf Registration Statement to be declared effective by
the Commission within 60 days after the Company and the Guarantors become
obligated to file the Shelf Registration Statement (or if such 60th day is not a
Business Day, by the first Business Day thereafter). With respect to Exchange
Notes received by any of the Initial Purchasers in exchange for Notes
constituting any portion of an unsold allotment, the Company and the Guarantors
may, if permitted by current interpretations by the Commission's staff, file a
post-effective amendment to the Exchange Offer Registration Statement containing
the information required by Regulation S-K Items 507 and/or 508, as applicable,
in satisfaction of their obligations under this paragraph (b) with respect
thereto, and any such Exchange Offer Registration Statement, as so amended,
shall be referred to herein as, and governed by the provisions herein applicable
to, a Shelf Registration Statement.

                  (c) The Company and the Guarantors shall use their reasonable
best efforts to keep such Shelf Registration Statement continuously effective
(subject to Section 3(d)) in order to permit the Prospectus forming a part
thereof to be usable by Holders until the earliest of (i) such time as the Notes
or Exchange Notes covered by the Shelf Registration Statement can be sold
without any limitations under Rule 144(k) of the Securities Act or similar rule
adopted by the Commission and (ii) such date as of which all the Transfer
Restricted Notes have been sold pursuant to the Shelf Registration Statement (in
any such case, such period being called the "Shelf Registration Period"). The
Company and the Guarantors shall be deemed not to have used their reasonable
best efforts to keep the Shelf Registration Statement effective during the Shelf
Registration Period if they voluntarily take any action that would result in
Holders of Transfer Restricted Notes covered thereby not being able to offer and
sell such notes during that period, unless such action is (x) required by
applicable law or (y) pursuant to Section 3(d) hereof, and, in either case, so
long as the Company and the Guarantors promptly thereafter comply with the
requirements of Section 5(k) hereof, if applicable.

                  (d) The Company and the Guarantors may suspend the use of the
Prospectus for a period not to exceed 30 days in any six-month period or an
aggregate of 45 days in any twelve-month period for valid business reasons (not
including avoidance of their obligations hereunder) or to avoid premature public
disclosure of a pending corporate transaction, including pending acquisitions or
divestitures of assets, mergers and combinations and similar events; provided
that (i) the Company and the Guarantors promptly thereafter comply with the
requirements of Section 5(k) hereof, if applicable; (ii) the Shelf Registration
Statement Period shall be extended by the number of days during which such
Registration Statement was not effective or usable pursuant to the foregoing
provisions; and (iii) the Additional Interest shall accrue on the Notes as
provided in Section 4 hereof.

<PAGE>

                  (e) No Holder of Transfer Restricted Notes may include any of
its Transfer Restricted Notes in any Shelf Registration Statement pursuant to
this Agreement unless and until such Holder furnishes to the Company and the
Guarantors in writing, within 15 days after receipt of a request therefor, such
information relating to such Holder as the Company and the Guarantors may
reasonably request, that is required to be included in the Shelf Registration
Statement, for use in connection with any Shelf Registration Statement or
Prospectus or preliminary Prospectus included therein. No Holder of Transfer
Restricted Notes shall be entitled to Additional Interest pursuant to Section 4
hereof unless and until such Holder shall have provided all such reasonably
requested information. Each Holder of Transfer Restricted Notes as to which any
Shelf Registration Statement is being effected agrees to furnish promptly to the
Company and the Guarantors all information required to be disclosed in order to
make the information previously furnished to the Company and the Guarantors by
such Holder not misleading.

                  4.  Additional Interest.

                  (a) The parties hereto agree that Holders of Transfer
Restricted Notes will suffer damages if the Company or the Guarantors fail to
perform their obligations under Section 2 or Section 3 hereof and that it would
not be feasible to ascertain the extent of such damages. Accordingly, in the
event that (i) the applicable Registration Statement is not filed with the
Commission on or prior to the date specified herein for such filing, (ii) the
applicable Registration Statement has not been declared effective by the
Commission on or prior to the date specified herein for such effectiveness after
such obligation arises, (iii) if the Registered Exchange Offer is required to be
Consummated hereunder, the Registered Exchange Offer has not been Consummated by
the Company and the Guarantors within the time period set forth in Section 2(a)
hereof, (iv) prior to the end of the Exchange Offer Registration Period or the
Shelf Registration Period, the Commission shall have issued a stop order
suspending the effectiveness of the Exchange Offer Registration Statement or the
Shelf Registration Statement, as the case may be, or proceedings have been
initiated with respect to the Registration Statement under Section 8(d) or 8(e)
of the Act, or (v) the Company and the Guarantors shall have initiated and/or
maintained a suspension period longer than the periods specified in Section 2(d)
or 3(d) (each such event referred to in clauses (i) through (v), a "Registration
Default"), then additional interest with respect to the Transfer Restricted
Notes ("Additional Interest") will accrue with respect to the first 90-day
period immediately following the occurrence of such Registration Default in an
amount equal to 0.25% per annum per $1,000 principal amount of such Notes and
will increase by an additional 0.25% per annum per $1,000 principal amount of
such Notes for each subsequent 90-day period until such Registration Default has
been cured, up to an aggregate maximum amount of Additional Interest of 1.0% per
annum per $1,000 principal amount of Notes for all Registration Defaults.
Following the cure of a Registration Default, the accrual of Additional Interest
with respect to such Registration Default will cease and upon the cure of all
Registration Defaults the accrual of all Additional Interest will cease and the
interest rate on the Notes will revert immediately to the original interest
rate. Notwithstanding anything to the contrary in this Section 4(a), the Company
and the Guarantors shall not be required to pay Additional Interest to a Holder
of Restricted Transfer Notes if such Holder failed to comply with its
obligations to make the representations set forth in the second sentence of
Section 2(b) or provide the requested information pursuant to Section 3(e).

<PAGE>

                  (b) The Company shall notify the Trustee and paying agent
under the Indenture (or the trustee and paying agent under such other indenture
under which any Transfer Restricted Notes are issued) immediately upon the
happening of each and every Registration Default. The Company and the Guarantors
shall pay the Additional Interest due on the Transfer Restricted Notes by
depositing with the paying agent (which shall not be the Company or the
Guarantors) for the Transfer Restricted Notes, in trust, for the benefit of the
Holders thereof, prior to 11:00 a.m. on the next interest payment date specified
in the Indenture (or such other indenture), sums sufficient to pay the
Additional Interest then due. The Additional Interest due shall be payable on
each interest payment date specified by the Indenture (or such other indenture)
to the record holders entitled to receive the interest payment to be made on
such date. Each obligation to pay Additional Interest shall be deemed to accrue
from and include the date of the applicable Registration Default to, but
excluding, the relevant interest payment date.

                  (c) The parties hereto agree that the Additional Interest
provided for in this Section 4 constitutes a reasonable estimate of the damages
that will be suffered by Holders of Transfer Restricted Notes by reason of the
happening of any Registration Default and are intended to and shall constitute
the sole remedy for damages that will be suffered by the Holders of the Transfer
Restricted Notes by reason of any of the failures listed in Section 4(a).

                  (d) All of the Company's and the Guarantors's obligations set
forth in this Section 4 which are outstanding with respect to any Transfer
Restricted Note shall survive until such time as all such obligations with
respect to such Note have been satisfied in full (notwithstanding termination of
this Agreement or consummation of the Registered Exchange Offer).

                  5. Registration Procedures. In connection with any Exchange
Offer Registration Statement, and, to the extent applicable, any Shelf
Registration Statement, the following provisions shall apply:

                  (a) The Company and the Guarantors shall furnish to Wachovia,
prior to the filing thereof with the Commission, a copy of any Registration
Statement, and each amendment thereof and each amendment or supplement, if any,
to the Prospectus included therein and shall use their reasonable best efforts
to reflect in each such document, when so filed with the Commission, such
comments as Wachovia reasonably may propose.

                  (b)  The Company and the Guarantors shall ensure that:

                  (i)      any Registration Statement and any amendment thereto
         and any Prospectus contained therein and any amendment or supplement
         thereto complies in all material respects with the Act;

                  (ii)     any Registration Statement and any amendment thereto
         does not, when it becomes effective, contain an untrue statement of a
         material fact or omit to state a material fact required to be stated
         therein or necessary to make the statements therein not misleading; and

                  (iii)    any Prospectus forming part of any Registration
         Statement, including any amendment or supplement to such Prospectus,
         does not include an untrue statement of a

<PAGE>

         material fact or omit to state a material fact necessary in order to
         make the statements therein, in light of the circumstances under which
         they were made, not misleading;

provided that no representation or agreement is made hereby with respect to
information with respect to any of the Initial Purchasers, any Underwriter or
any Holder required to be included in any Registration Statement or Prospectus
pursuant to the Act or provided by any of the Initial Purchasers, any Holder or
any Underwriter specifically for inclusion in any Registration Statement or
Prospectus.

                  (c) (1) The Company and the Guarantors shall advise Wachovia
and, in the case of a Shelf Registration Statement, the Holders of Transfer
Restricted Notes covered thereby, and, if requested by Wachovia or any such
Holder, confirm such advice in writing:

                  (i)      when a Registration Statement and any amendment
         thereto has been filed with the Commission and when the Registration
         Statement or any post-effective amendment thereto has become effective;
         and

                  (ii)     of any request by the Commission for amendments or
         supplements to the Registration Statement or the Prospectus included
         therein or for additional information.

                  (2) The Company and the Guarantors shall advise Wachovia and,
in the case of a Shelf Registration Statement, the Holders of Transfer
Restricted Notes covered thereby, and, in the case of an Exchange Offer
Registration Statement, any Participating Broker-Dealer that has provided in
writing to the Company a telephone or facsimile number and address for notices,
and, if requested by Wachovia or any such Holder or Participating Broker-Dealer,
confirm such advice in writing:

                  (i)      of the issuance by the Commission of any stop order
         suspending the effectiveness of the Registration Statement or the
         initiation of any proceedings for that purpose;

                  (ii)     of the receipt by the Company or the Guarantors of
         any notification with respect to the suspension of the qualification of
         the Transfer Restricted Notes included in any Registration Statement
         for sale in any jurisdiction or the initiation or threatening of any
         proceeding for such purpose; and

                  (iii)    of the happening of any event that requires the
         making of any changes in the Registration Statement or the Prospectus
         so that, as of the date of the issuance of such advice, the statements
         therein are not misleading and do not omit to state a material fact
         required to be stated therein or necessary to make the statements
         therein (in the case of the Prospectus, in light of the circumstances
         under which they were made) not misleading (which advice shall be
         accompanied by an instruction to suspend the use of the Prospectus
         until the requisite changes have been made).

                  (d) The Company and the Guarantors shall use their reasonable
best efforts to obtain the withdrawal of any order suspending the effectiveness
of any Registration Statement at the earliest possible time.

<PAGE>

                  (e) The Company and the Guarantors shall furnish to each
Holder of Transfer Restricted Notes included within the coverage of any Shelf
Registration Statement, without charge, at least one copy of such Shelf
Registration Statement and any post-effective amendment thereto, including
financial statements and schedules, and, if the Holder so requests in writing,
all exhibits thereto (including those incorporated by reference).

                  (f) The Company and the Guarantors shall, during the Shelf
Registration Period, deliver to each Holder of Transfer Restricted Notes
included within the coverage of any Shelf Registration Statement, without
charge, as many copies of the Prospectus (including any preliminary Prospectus)
included in such Shelf Registration Statement and any amendment or supplement
thereto as such Holder may reasonably request; and the Company and the
Guarantors consent to the use of the Prospectus (including any preliminary
prospectus) or any amendment or supplement thereto by each of the selling
Holders of Transfer Restricted Notes in connection with the offering and sale of
the Transfer Restricted Notes covered by the Prospectus or any amendment or
supplement thereto.

                  (g) The Company and the Guarantors shall furnish to each
Participating Broker-Dealer that so requests, without charge, at least one copy
of the Exchange Offer Registration Statement and any post-effective amendment
thereto, including financial statements and schedules, any documents
incorporated by reference therein and, if the Participating Broker-Dealer so
requests in writing, all exhibits thereto (including those incorporated by
reference).

                  (h) The Company and the Guarantors shall, during the Exchange
Offer Registration Period and pursuant to the requirements of the Act for the
resale of the Exchange Notes during the period in which a prospectus is required
to be delivered under the Act (including any Commission no-action letters
relating to the Registered Exchange Offer), deliver to each Participating
Broker-Dealer, without charge, as many copies of the Prospectus (including any
preliminary Prospectus) included in such Exchange Offer Registration Statement
and any amendment or supplement thereto as such Participating Broker-Dealer may
reasonably request; and the Company and the Guarantors consent to the use of the
Prospectus (including any preliminary prospectus) or any amendment or supplement
thereto by any such Participating Broker-Dealer in connection with the offering
and sale of the Exchange Notes, as provided in Section 2(f) above.

                  (i) Prior to the Registered Exchange Offer or any other
offering of Transfer Restricted Notes pursuant to any Registration Statement,
the Company and the Guarantors shall use reasonable best efforts to register,
qualify or cooperate with the Holders of Transfer Restricted Notes included
therein and their respective counsel in connection with the registration or
qualification of such Transfer Restricted Notes for offer and sale under the
securities or blue sky laws of such states as any such Holders reasonably
request in writing and do any and all other acts or things necessary or
advisable to enable the offer and sale in such jurisdictions of the Transfer
Restricted Notes covered by such Registration Statement; provided, however,
neither the Company nor the Guarantors will be required to qualify generally to
do business in any jurisdiction in which it is not then so qualified, to file
any general consent to service of process or to take any action which would
subject it to general service of process or to taxation in any such jurisdiction
where it is not then so subject.

<PAGE>

                  (j) The Company and the Guarantors shall cooperate with the
Holders to facilitate the timely preparation and delivery of certificates
representing Transfer Restricted Notes to be sold pursuant to any Registration
Statement free of any restrictive legends and in denominations and registered in
such names as Holders may appropriately request prior to sales of Transfer
Restricted Notes pursuant to such Registration Statement.

                  (k) Upon the occurrence of any event contemplated by Section
2(d), 3(d) or paragraph (c)(2)(iii) of this Section 5, the Company and the
Guarantors shall promptly prepare and file a post-effective amendment to any
Registration Statement or an amendment or supplement to the related Prospectus
or any other required document so that, as thereafter delivered to purchasers of
the Transfer Restricted Notes included therein, the Prospectus will not include
an untrue statement of a material fact or omit to state any material fact
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading.

                  (l) The Company and the Guarantors shall use their reasonable
best efforts to cause The Depository Trust Company ("DTC") on the first Business
Day following the effective date of any Registration Statement hereunder or as
soon as possible thereafter to remove (i) from any existing CUSIP number
assigned to the Transfer Restricted Notes or Exchange Notes, as the case may be,
any designation indicating that such notes are "restricted securities," which
efforts shall include delivery to DTC of a letter executed by the Company
substantially in the form of Annex E hereto and (ii) any other stop order or
restriction on DTC's system with respect to the Transfer Restricted Notes or
Exchange Notes, as the case may be. In the event the Company and the Guarantors
are unable to cause DTC to take actions described in the immediately preceding
sentence, the Company and the Guarantors shall take such actions as the Initial
Purchasers may reasonably request to provide, as soon as practicable, a new
CUSIP (if not already obtained) number for the Transfer Restricted Notes or
Exchange Notes registered under such Registration Statement and to cause such
CUSIP number to be assigned to the Transfer Restricted Notes or Exchange Notes
(or to the maximum aggregate principal amount of the securities to which such
number may be assigned).

                  (m) The Company and the Guarantors shall use their reasonable
best efforts to comply with all applicable rules and regulations of the
Commission and shall make generally available to the security holders as soon as
practicable after the effective date of the applicable Registration Statement an
earnings statement satisfying the provisions of Section 11(a) of the Act and
Rule 158 promulgated thereunder.

                  (n) The Company and the Guarantors shall use reasonable best
efforts to cause the Indenture to be qualified under the Trust Indenture Act in
a timely manner.

                  (o) The Company and the Guarantors may require each Holder of
Transfer Restricted Notes to be sold pursuant to any Shelf Registration
Statement to furnish to the Company and the Guarantors such information
regarding the Holder and the distribution of such Transfer Restricted Notes as
may, from time to time, be reasonably required by the Act, and the obligations
of the Company and the Guarantors to any Holder hereunder shall be expressly
conditioned on the compliance of such Holder with such request.

<PAGE>

                  (p) The Company and the Guarantors shall, if requested,
promptly incorporate in a Prospectus supplement or post-effective amendment to a
Shelf Registration Statement (i) such information as the Majority Holders or, if
the Transfer Restricted Notes are being sold in an underwritten offering, as the
Managing Underwriters and the Majority Holders, reasonably provide to the
Company or the Guarantors in writing for inclusion in the Shelf Registration
Statement, or Prospectus, and (ii) such information as a Holder may reasonably
provide from time to time to the Company or the Guarantors in writing for
inclusion in a Prospectus or any Shelf Registration Statement, in the case of
clause (i) or (ii) above, concerning such Holder and/or underwriter and the
distribution of such Holder's Transfer Restricted Notes and, in either case,
shall make all required filings of such Prospectus supplement or post-effective
amendment as soon as practicable after being notified in writing of the matters
to be incorporated in such Prospectus supplement or post-effective amendment.

                  (q) In the case of any Shelf Registration Statement, the
Company and the Guarantors shall enter into such agreements (including
underwriting agreements) and take all other customary and appropriate actions as
may be reasonably requested in order to expedite or facilitate the registration
or the disposition of any Transfer Restricted Notes, and in connection
therewith, if an underwriting agreement is entered into, cause the same to
contain indemnification provisions and procedures no less favorable than those
set forth in Section 8 (or such other provisions and procedures reasonably
acceptable to the Majority Holders and the Managing Underwriters, if any, with
respect to all parties to be indemnified pursuant to Section 8).

                  (r) In the case of any Shelf Registration Statement, the
Company and the Guarantors shall:

                  (i)      make reasonably available for inspection by the
         Holders of Transfer Restricted Notes to be registered thereunder, any
         Managing Underwriter participating in any disposition pursuant to such
         Shelf Registration Statement, and any attorney, accountant or other
         agent retained by the Holders or any such Managing Underwriter, all
         relevant financial and other records, pertinent corporate documents and
         properties of the Company and any of its subsidiaries reasonably
         requested by such persons;

                  (ii)     cause the Company's and the Guarantors' officers,
         directors and employees to supply all relevant information reasonably
         requested by the Holders or any such Managing Underwriter, attorney,
         accountant or agent in connection with any such Registration Statement
         as is customary for similar due diligence examinations; provided,
         however, that any information that is designated in writing by the
         Company and the Guarantors as confidential at the time of delivery of
         such information shall be kept confidential by the Holders or any such
         Managing Underwriter, attorney, accountant or agent, unless (x)
         disclosure thereof is made in connection with a court proceeding or
         required by law; provided that each Holder and any such Managing
         Underwriter, attorney, accountant or agent will, upon learning that
         disclosure of such information is sought in a court proceeding or
         required by law, give notice to the Company and the Guarantors with
         enough time to allow the Company and the Guarantors to undertake
         appropriate action to prevent disclosure at the Company's and the
         Guarantors' sole expense, or (y) such information has previously been
         made or becomes available to the

<PAGE>

         public generally through the Company, the Guarantors or through a third
         party without an accompanying obligation of confidentiality or failure
         to safeguard such disclosure;

                  (iii)    make such representations and warranties to the
         Holders of Transfer Restricted Notes registered thereunder and the
         Managing Underwriters, if any, in form, substance and scope as are
         customarily made by the Company and the Guarantors to Managing
         Underwriters and covering matters including, but not limited to, those
         set forth in the Purchase Agreement;

                  (iv)     obtain opinions of counsel to the Company and the
         Guarantors and updates thereof (which counsel and opinions, in form,
         scope and substance, shall be reasonably satisfactory to the Managing
         Underwriters, if any) addressed to each selling Holder and the Managing
         Underwriters, if any, covering such matters as are customarily covered
         in opinions requested in underwritten offerings and such other matters
         as may be reasonably requested by such Holders and Managing
         Underwriters;

                  (v)      obtain "cold comfort" letters and updates thereof
         from the independent certified public accountants of the Company and
         the Guarantors (and, if necessary, any other independent certified
         public accountants of any subsidiary of the Company or of any business
         acquired by the Company for which financial statements and financial
         data are, or are required to be, included in the Registration
         Statement), addressed to each selling Holder of the Transfer Restricted
         Notes covered by such Shelf Registration Statement (provided such
         Holder furnishes the accountants with such representations as the
         accountants customarily require in similar situations) and the Managing
         Underwriters, if any, in customary form and covering matters of the
         type customarily covered in "cold comfort" letters in connection with
         underwritten offerings; and

                  (vi)     deliver such documents and certificates as may be
         reasonably requested by the Majority Holders and the Managing
         Underwriters, if any, including those to evidence compliance with
         Section 5(i) and with any customary conditions contained in the
         underwriting agreement or other agreement entered into by the Company
         and the Guarantors.

                  The foregoing actions set forth in this Section 5(r) shall be
performed at (i) the effectiveness of such Shelf Registration Statement and each
post-effective amendment thereto and (ii) each closing under any underwriting or
similar agreement as and to the extent required thereunder.

                  (s) The Company and the Guarantors shall, if and to the extent
required under the Act and/or the Trust Indenture Act and the rules and
regulations thereunder in order to register the Note Guarantee under the Act and
qualify the Indenture under the Trust Indenture Act, cause each guarantor, if
any, to sign any Registration Statement and take all other action necessary to
register the Note Guarantee under the applicable Registration Statement.

                  6. Registration Expenses. The Company and the Guarantors shall
bear all reasonable fees and expenses (including the reasonable fees and
expenses, if any, of Shearman & Sterling LLP, counsel for the Initial
Purchasers, incurred in connection with the Registered

<PAGE>

Exchange Offer) incurred in connection with the performance of their obligations
under Sections 2, 3, 4 and 5 hereof (other than brokers', dealers' and
underwriters' discounts and commissions and brokers', dealers' and underwriters'
counsel fees) and, in connection with the Shelf Registration Statement, shall
reimburse the Holders for the reasonable fees and disbursements of Shearman &
Sterling LLP or such other counsel designated by the Majority Holders to act as
counsel for the Holders in connection therewith.

                  7. Rules 144 and 144A. The Company shall use reasonable best
efforts to file the reports required to be filed by it under the Act and the
Exchange Act in a timely manner and, if at any time the Company is not required
to file such reports, it will, upon the request of any Holder of Transfer
Restricted Notes, make publicly available the applicable information necessary
to permit sales of their securities pursuant to Rules 144 and 144A (or any
successor rule adopted by the Commission). The Company covenants that it will
take such further action as any Holder of Transfer Restricted Notes may
reasonably request, all to the extent required from time to time to enable such
Holder to sell Transfer Restricted Notes without registration under the
Securities Act within the limitation of the exemptions provided by Rules 144 and
144A (including the requirements of Rule 144A(d)(4) if applicable). The Company
will provide a copy of this Agreement to prospective purchasers of Transfer
Restricted Notes identified to the Company by the Initial Purchasers upon
request. Upon the request of any Holder of Transfer Restricted Notes, the
Company shall deliver to such Holder a written statement as to whether it has
complied with such requirements.

                  8. Indemnification and Contribution.

                  (a) (i) In connection with any Registration Statement, the
         Company and the Guarantors, jointly and severally, agree to indemnify
         and hold harmless each Holder of Transfer Restricted Notes covered
         thereby, the directors, officers, employees and agents of each such
         Holder and each person who controls any such Holder within the meaning
         of either the Act or the Exchange Act against any and all losses,
         claims, damages or liabilities, including legal or other expenses
         reasonably incurred in connection with investigating or defending such
         losses, claims, damages or liabilities (collectively, "Losses"), joint
         or several, to which they or any of them may become subject under the
         Act, the Exchange Act or other Federal or state statutory law or
         regulation, at common law or otherwise, insofar as such Losses (or
         actions in respect thereof) arise out of or are based upon any untrue
         statement or alleged untrue statement of a material fact contained in
         the Registration Statement as originally filed or in any amendment
         thereof, in any preliminary Prospectus or Prospectus or in any
         amendment thereof or supplement thereto, or arise out of or are based
         upon 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, and agree to reimburse each such indemnified
         party, as incurred, for any legal or other expenses reasonably incurred
         by them in connection with investigating or defending any such loss,
         claim, damage, liability or action; provided, however, that the Company
         and the Guarantors will not be liable in any case to the extent that
         any such Loss arises out of or is based upon (A) any such untrue
         statement or alleged untrue statement or omission or alleged omission
         made therein in reliance upon and in conformity with written
         information relating to the Holder furnished to the Company and the
         Guarantors by or on behalf of any such Holder specifically for
         inclusion therein, or

<PAGE>

         (B) improper use of a Registration Statement or the related Prospectus
         during a period when a stop order has been issued in respect of such
         Registration Statement or any proceedings for that purpose have been
         initiated or use of a Prospectus when use of such Prospectus has been
         suspended pursuant to Section 2(d), 3(d) or 5(c)(2); provided that, in
         each case, such Holder received prior notice of such stop order,
         initiation of proceedings or suspension and such Holder is required to,
         but does not, deliver a Prospectus. This indemnity agreement will be in
         addition to any liability that the Company and the Guarantors may
         otherwise have.

                  (ii) The Company and the Guarantors also agree to indemnify or
         contribute to Losses, as provided in Section 8(d), of any Managing
         Underwriters of Transfer Restricted Notes registered under a
         Registration Statement, their officers and directors and each person
         who controls such Managing Underwriters on substantially the same basis
         as that of the indemnification of the selling Holders provided in
         Section 8(a)(i) and shall, if requested by any Holder, enter into an
         underwriting agreement reflecting such agreement, as provided in
         Section 5(q) hereof.

                  (b) Each Holder of Transfer Restricted Notes covered by a
Registration Statement severally agrees to indemnify and hold harmless the
Company and the Guarantors and their respective directors, officers, partners,
members, managers, employees and agents and each person who controls either of
the Company or the Guarantors within the meaning of either the Act or the
Exchange Act to the same extent as the foregoing indemnity from the Company and
the Guarantors to each such Holder, but only with reference to written
information relating to such Holder furnished to the Company and the Guarantors
by or on behalf of such Holder specifically for inclusion in the documents
referred to in the foregoing indemnity, or the improper use by the Holder of a
Registration Statement or the related Prospectus during a period when a stop
order has been issued in respect of such Registration Statement or any
proceedings for that purpose have been initiated or use of a Prospectus when use
of such Prospectus has been suspended pursuant to Section 2(d), 3(d) or 5(c)(2);
provided that, in each case, such Holder received prior notice of such stop
order, initiation of proceedings or suspension. This indemnity agreement will be
in addition to any liability which any such Holder or person may otherwise have.

                  (c) Promptly after receipt by an indemnified party under this
Section 8 of notice of the commencement of any action, such indemnified party
will, if a claim in respect thereof is to be made against the indemnifying party
under this Section 8, notify the indemnifying party in writing of the
commencement thereof; but the failure so to notify the indemnifying party (i)
will not relieve it from liability under paragraph (a) or (b) above unless and
to the extent it did not otherwise learn of such action and such failure results
in the forfeiture by the indemnifying party of substantial rights and defenses
and (ii) will not, in any event, relieve the indemnifying party from any
obligations to any indemnified party other than the indemnification obligation
provided in paragraph (a) or (b) above. The indemnifying party shall be entitled
to appoint counsel of the indemnifying party's choice at the indemnifying
party's expense to represent the indemnified party in any action for which
indemnification is sought (in which case the indemnifying party shall not
thereafter be responsible for the fees and expenses of any separate counsel
retained by the indemnified party or parties except as set forth below);
provided, however, that such counsel shall be reasonably satisfactory to the
indemnified party. Notwithstanding the indemnifying

<PAGE>

party's election to appoint counsel to represent the indemnified party in an
action, the indemnified party shall have the right to employ separate counsel
(including local counsel), and the indemnifying party shall bear the reasonable
fees, costs and expenses of such separate counsel (and local counsel) if (i) the
use of counsel chosen by the indemnifying party to represent the indemnified
party would present such counsel with a conflict of interest, (ii) the actual or
potential defendants in, or targets of, any such action include both the
indemnified party and the indemnifying party and the indemnified party shall
have reasonably concluded, based on the advice of outside counsel, that there
may be legal defenses available to it and/or other indemnified parties which are
different from or additional to those available to the indemnifying party, (iii)
the indemnifying party shall not have employed counsel satisfactory to the
indemnified party to represent the indemnified party within a reasonable time
after notice of the institution of such action or (iv) the indemnifying party
shall have authorized the indemnified party to employ separate counsel at the
expense of the indemnifying party; provided further, that the indemnifying party
shall not be responsible for the fees and expenses of more than one separate
counsel (together with appropriate local counsel) representing all the
indemnified parties under paragraph (a) or paragraph (b) above. An indemnifying
party will not, without the prior written consent of the indemnified parties,
settle or compromise or consent to the entry of any judgment with respect to any
pending or threatened claim, action, suit or proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not the
indemnified parties are actual or potential parties to such claim or action)
unless such settlement, compromise or consent includes an unconditional release
of each indemnified party from all liability arising out of such claim, action,
suit or proceeding.

                  (d) In the event that the indemnity provided in paragraph (a)
or (b) of this Section 8 is unavailable, or insufficient, to hold harmless an
indemnified party for any reason, then each applicable indemnifying party, in
lieu of indemnifying such indemnified party, shall have a joint and several
obligation to contribute to the aggregate Losses to which such indemnified party
may be subject in such proportion as is appropriate to reflect the relative
benefits received by such indemnifying party, on the one hand, and such
indemnified party, on the other hand, from the Registration Statement which
resulted in such Losses. If the allocation provided by the immediately preceding
sentence is unavailable for any reason, the indemnifying party and the
indemnified party shall contribute in such proportion as is appropriate to
reflect not only such relative benefits but also the relative fault of such
indemnifying party, on the one hand, and such indemnified party, on the other
hand, in connection with the statements or omissions which resulted in such
Losses as well as any other relevant equitable considerations. The relative
fault of the parties shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Company on the one hand or such Holder or such other indemnified
person, as the case may be, on the other, and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission. The relative benefits received by the Company and the
Guarantors on the one hand and the Holders on the other with respect to the
offering and such sale shall be deemed to be in the same proportion as the net
proceeds from the original issuance of the Notes received by the Company, on the
one hand, bear to the total proceeds received by the Holder with respect to its
sale of Transfer Restricted Securities, on the other. Benefits received by any
Managing Underwriter shall be deemed to be equal to the total underwriting
discounts and commissions, as set forth on the cover page of the Prospectus
forming a part of the Registration Statement which

<PAGE>

resulted in such Losses. The amount paid by an indemnified party as a result of
the Losses referred to in the first sentence of this subsection (d) shall be
deemed to include any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any action or
claim which is the subject of this subsection (d). Notwithstanding any other
provision of this Section 8(d), the Holders of the Transfer Restricted Notes
shall in no case be required to contribute any amount in excess of the amount by
which the net proceeds received by such Holders from the sale of the Transfer
Restricted Notes pursuant to a Registration Statement exceeds the amount of
damages which such Holders have otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission and in no
case shall any Managing Underwriter be responsible for any amount in excess of
the underwriting discount or commission applicable to the Transfer Restricted
Notes purchased by such Managing Underwriter under the Registration Statement
which resulted in such Losses pursuant to the terms of this Agreement. The
parties agree that it would not be just and equitable if contribution were
determined by pro rata allocation or any other method of allocation which does
not take into account the equitable considerations referred to above.
Notwithstanding the provisions of this paragraph (d), no person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section 8, each person who
controls an indemnified party within the meaning of either the Act or the
Exchange Act and each director, officer, partner, member, manager, employee and
agent of such indemnified party shall have the same rights to contribution as
such indemnified party, and each person who controls the Company or the
Guarantors within the meaning of either the Act or the Exchange Act and each
director, officer, partner, member, manager, employee and agent of the Company
or the Guarantors shall have the same rights to contribution as the Company and
the Guarantors, subject in each case to the applicable terms and conditions of
this paragraph (d).

                  (e) The provisions of this Section 8 will remain in full force
and effect, regardless of any investigation made by or on behalf of any Holder,
the Company, the Guarantors or any of the officers, directors or controlling
persons referred to in Section 8 hereof, and will survive the sale by a Holder
of Transfer Restricted Notes covered by a Registration Statement.

                  9.  Underwritten Registrations.

                  If any of the Transfer Restricted Notes covered by any Shelf
Registration statement are to be sold in an underwritten offering, the Managing
Underwriter that will administer the offering will be selected by the Majority
Holders of such Transfer Restricted Notes included in such offering, subject to
the consent of the Company not to be unreasonably withheld; it being expressly
agreed that Wachovia is an acceptable Managing Underwriter to the Company and
such Holders shall be responsible for all underwriting commissions and discounts
in connection therewith.

                  No person may participate in any underwritten registration
hereunder unless such person (i) agrees to sell such person's Transfer
Restricted Notes on the basis reasonably provided in any underwriting
arrangements approved by the persons entitled hereunder to approve such
arrangements and (ii) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements.

<PAGE>

                  10.  Miscellaneous.

                  (a) No Inconsistent Agreements. The Company and the Guarantors
have not, as of the date hereof, entered into nor shall they, on or after the
date hereof, enter into any agreement that is inconsistent with the rights
granted to the Holders herein or otherwise conflicts with the provisions hereof.

                  (b) Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, qualified,
modified or supplemented, and waivers or consents to departures from the
provisions hereof may not be given, unless the Company and the Guarantors have
obtained the written consent of the Majority Holders; provided that additional
Guarantors may become parties to this Agreement pursuant to Section 10(h) hereof
by executing an amendment hereto, which need not be signed by any of the other
parties hereto to become effective. Notwithstanding the foregoing, a waiver or
consent to depart from the provisions hereof with respect to a matter that
relates exclusively to the rights of the Holders whose securities are being sold
pursuant to an Exchange Offer Registration Statement or a Shelf Registration
Statement and that does not directly or indirectly adversely affect, impair,
limit or compromise the rights of other Holders may be given by Holders of at
least a majority in aggregate principal amount of the applicable notes being
sold pursuant to such registration statement.

                  (c) Notices. All notices and other communications provided for
or permitted hereunder shall be made in writing by hand-delivery, first-class
mail, telex, telecopier, or air courier guaranteeing overnight delivery:

                  (i)      if to the Initial Purchasers, as follows:

                           Wachovia Capital Markets, LLC
                           12 East 49th Street
                           44th Floor
                           New York, New York  10017
                           Attention:  High Yield Origination

                  (ii)     if to any other Holder, at the most current address
         given by such Holder to the Company and the Guarantors in accordance
         with the provisions of this Section 10(c), which address initially is,
         with respect to each Holder, the address of such Holder maintained by
         the registrar under the Indenture, with a copy in like manner to the
         Initial Purchasers; and

                  (iii)    if to the Company or the Guarantors, as follows:

                           O'Charley's Inc.
                           3038 Sidco Drive
                           Nashville, Tennessee 37204
                           Attention:  Chief Financial Officer

                           with a copy to:

<PAGE>

                           Bass, Berry & Sims PLC
                           315 Deaderick Street, Suite 2700
                           Nashville, Tennessee 37238
                           Attention:  J. Page Davidson

                  All such notices and communications shall be deemed to have
been duly given when received, if delivered by hand or air courier, and when
sent, if sent by first-class mail, telex or telecopier.

                  The Company and the Guarantors by notice to the others may
designate additional or different addresses for subsequent notices or
communications.

                  (d) Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors and assigns of each of the
parties, including, without the need for an express assignment or any consent by
the Company or the Guarantors thereto, subsequent Holders. The Company and the
Guarantors hereby agree to extend the benefits of this Agreement to any Holder
that acquired the applicable Notes from a Holder and any such Holder may
specifically enforce the provisions of this Agreement as if an original party
hereto.

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

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

                  (g) Governing Law and Consent to Jurisdiction. This agreement
shall be governed by and construed in accordance with the laws of the State of
New York. The Company and the Guarantors (x) submit to the nonexclusive
jurisdiction of the courts of the State of New York and of the United States
sitting in the Borough of Manhattan in respect of any action, claim or
proceeding ("Proceeding") arising out of or relating to this Agreement or the
transactions contemplated hereby, (y) irrevocably waive, to the fullest extent
permitted by applicable law, any objection that it may now or hereafter have to
the laying of venue of any Proceeding in the Supreme Court of the State of New
York, County of New York, or the United States District Court for the Southern
District of New York, and any claim that any Proceeding in any such court has
been brought in an inconvenient forum, and (z) agree that any service of process
or other legal summons in connection with any Proceeding may be served on it by
mailing a copy thereof by registered mail, or a form of mail substantially
equivalent thereto, postage prepaid, addressed to the served party at its
address as provided for in Section 10(c). Nothing in this section shall affect
the right of the parties to serve process in any other manner permitted by law.

                  (h) Obligations of New Subsidiary Guarantors. If any person
becomes a Subsidiary Guarantor (as defined in the Indenture) after the date
hereof and while the Company has continuing obligations under this Agreement,
the Company will cause such person to become

<PAGE>

a party hereto including for purposes of registration obligations, the guarantee
of Additional Interest on a joint and several basis and indemnification and
contribution pursuant to Section 8.

                  (i) Severability. In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstances, is
held invalid, illegal or unenforceable in any respect for any reason, the
validity, legality and enforceability of any such provision in every other
respect and of the remaining provisions hereof shall not be in any way impaired
or affected thereby, it being intended that all of the rights and privileges of
the parties shall be enforceable to the fullest extent permitted by law.

                  (j) Notes Held by the Company, Etc. Whenever the consent or
approval of Holders of a specified percentage of principal amount of Transfer
Restricted Notes or Exchange Notes is required hereunder, Transfer Restricted
Notes or Exchange Notes held by the Company, the Guarantors or any of their
respective Affiliates (other than subsequent Holders of Transfer Restricted
Notes or Exchange Notes if such subsequent Holders are deemed to be Affiliates
solely by reason of their holdings of such Notes) shall not be counted in
determining whether such consent or approval was given by the Holders of such
required percentage.

<PAGE>

                  Please confirm that the foregoing correctly sets forth the
agreement between and among the Company, the Guarantors and the Initial
Purchasers.

                                   Very truly yours,

                                      O'CHARLEY'S INC.

                                      By: /s/ A. Chad Fitzhugh
                                          -----------------------------------
                                          Name: A. Chad Fitzhugh
                                          Title: Chief Financial Officer,
                                                 Secretary and Treasurer

<PAGE>

                                   AIR TRAVEL SERVICES, INC.,
                                      a Tennessee corporation

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   DFI, INC.,
                                      a Tennessee corporation

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   O'CHARLEY'S FINANCE
                                   COMPANY, INC.,
                                      a Tennessee corporation

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   O'CHARLEY'S MANAGEMENT
                                   COMPANY, INC.,
                                      a Tennessee corporation

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   O'CHARLEY'S RESTAURANT
                                   PROPERTIES, LLC,
                                      a Delaware limited liability company

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary

<PAGE>

                                   O'CHARLEY'S SERVICE COMPANY, INC.,
                                      a Tennessee corporation

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   O'CHARLEY'S SPORTS BAR, INC.,
                                      an Alabama corporation

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: President

                                   OCI, INC.,
                                      a Delaware corporation

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   OPI, INC.,
                                      a Colorado corporation

                                   By: /s/ A. Chad Fitzhugh
                                       -----------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   99 COMMISSARY, LLC,
                                      a Delaware limited liability company

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary

<PAGE>

                                   99 RESTAURANTS, LLC,
                                      a Delaware limited liability company

                                   By: /s/ A. Chad Fitzhugh
                                       --------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary

                                   99 RESTAURANTS OF BOSTON, LLC,
                                      a Delaware limited liability company

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary

                                   99 RESTAURANTS OF MASSACHUSETTS,
                                      a Massachusetts Business Trust

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   99 RESTAURANTS OF VERMONT, LLC,
                                      a Vermont limited liability company

                                   By: 99 WEST, INC., its Sole Member

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Clerk and Treasurer

                                   99 WEST, INC.,
                                      a Massachusetts corporation

                                   By: /s/ A. Chad Fitzhugh
                                       ------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Clerk and Treasurer

<PAGE>

                                   STONEY RIVER MANAGEMENT
                                   COMPANY, INC.,
                                      a Delaware corporation

                                   By: /s/ A. Chad Fitzhugh
                                       -----------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary and Treasurer

                                   STONEY RIVER, LLC,
                                      a Delaware limited liability company

                                   By: /s/ A. Chad Fitzhugh
                                       -----------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary

                                   STONEY RIVER LEGENDARY
                                   MANAGEMENT, L.P.,
                                      a Georgia limited partnership

                                   By: STONEY RIVER, LLC, its General Partner

                                   By: /s/ A. Chad Fitzhugh
                                       -------------------------------------
                                       Name: A. Chad Fitzhugh
                                       Title: Secretary

<PAGE>

The foregoing Agreement is hereby
acknowledged and accepted as of
the date first written above.

WACHOVIA CAPITAL MARKETS, LLC

By: /s/ Lewis S. Morris III
    -----------------------------------
    Name: Lewis S. Morris III
    Title: Vice President

MORGAN JOSEPH & CO. INC.

By: /s/ Paul J. Huffman, III
    -----------------------------------
    Name: Paul J. Huffman, III
    Title: Managing Director

<PAGE>

                                                                      SCHEDULE I

                                   Guarantors

Air Travel Services, Inc., a Tennessee corporation

DFI, Inc., a Tennessee corporation

O'Charley's Finance Company, Inc., a Tennessee corporation

O'Charley's Management Company, Inc., a Tennessee corporation

O'Charley's Restaurant Properties, LLC, a Delaware limited liability company

O'Charley's Service Company, Inc., a Tennessee corporation

O'Charley's Sports Bar, Inc., an Alabama corporation

OCI, Inc., a Delaware corporation

OPI, Inc., a Colorado corporation

99 Commissary, LLC, a Delaware limited liability company

99 Restaurants, LLC, a Delaware limited liability company

99 Restaurants of Boston, LLC, a Delaware limited liability company

99 Restaurants of Massachusetts, a Massachusetts Business Trust

99 Restaurants of Vermont, LLC, a Vermont limited liability company

99 West, Inc., a Massachusetts corporation

Stoney River Management Company, Inc., a Delaware corporation

Stoney River, LLC, a Delaware limited liability company

Stoney River Legendary Management, L.P., a Georgia limited partnership

<PAGE>

                                                                         ANNEX A

Each broker-dealer that receives Exchange Notes for its own account pursuant to
the Registered Exchange Offer must acknowledge that it will deliver a prospectus
in connection with any resale of such Exchange Notes. The Letter of Transmittal
states that by so acknowledging and by delivering a prospectus, a broker-dealer
will not be deemed to admit that it is an "underwriter" within the meaning of
the Act. This Prospectus, as it may be amended or supplemented from time to
time, may be used by a broker-dealer during the Exchange Offer Registration
Period in connection with resales of Exchange Notes received in exchange for
Notes where such Notes were acquired by such broker-dealer as a result of
market-making activities or other trading activities. The Company and the
Guarantors have agreed that, during the Exchange Offer Registration Period, it
will make this Prospectus available to any broker-dealer for use in connection
with any such resale. See "Plan of Distribution."

<PAGE>

                                                                         ANNEX B

Each broker-dealer that receives Exchange Notes for its own account in exchange
for Notes, where such Notes were acquired by such broker-dealer as a result of
market-making activities or other trading activities, must acknowledge that it
will deliver a prospectus in connection with any resale of such Exchange Notes
during the Exchange Offer Registration Period. See "Plan of Distribution."

<PAGE>

                                                                         ANNEX C

                              Plan Of Distribution

                  Each broker-dealer that receives Exchange Notes for its own
account pursuant to the Registered Exchange Offer must acknowledge that it will
deliver a prospectus in connection with any resale of such Exchange Notes during
the Exchange Offer Registration Period. This Prospectus, as it may be amended or
supplemented from time to time, may be used by a broker-dealer in connection
with resales of Exchange Notes received in exchange for Notes where such Notes
were acquired as a result of market-making activities or other trading
activities. The Company and the Guarantors have agreed that, during the Exchange
Offer Registration Period, it will make this Prospectus, as amended or
supplemented, available to any broker-dealer for use in connection with any such
resale. In addition, until ____________, 2003, all dealers effecting
transactions in the Exchange Notes may be required to deliver a prospectus.

                  The Company and the Guarantors will not receive any proceeds
from any sale of Exchange Notes by broker-dealers. Exchange Notes received by
broker-dealers for their own account pursuant to the Registered Exchange Offer
may be sold from time to time in one or more transactions in the
over-the-counter market, in negotiated transactions, through the writing of
options on the Exchange Notes or a combination of such methods of resale, at
market prices prevailing at the time of resale, at prices related to such
prevailing market prices or negotiated prices. Any such resale may be made
directly to purchasers or to or through brokers or dealers who may receive
compensation in the form of commissions or concessions from any such
broker-dealer and/or the purchasers of any such Exchange Notes. Any
broker-dealer that resells Exchange Notes that were received by it for its own
account pursuant to the Registered Exchange Offer and any broker or dealer that
participates in a distribution of such Exchange Notes may be deemed to be an
"underwriter" within the meaning of the Act and any profit from any such resale
of Exchange Notes and any commissions or concessions received by any such
persons may be deemed to be underwriting compensation under the Act. The Letter
of Transmittal states that by acknowledging that it will deliver and by
delivering a prospectus, a broker-dealer will not be deemed to admit that it is
an "underwriter" within the meaning of the Act.

                  During the Exchange Offer Registration Period, the Company and
the Guarantors will promptly send additional copies of this Prospectus and any
amendment or supplement to this Prospectus to any broker-dealer that requests
such documents in the Letter of Transmittal. The Company and the Guarantors have
agreed to pay all expenses incident to the Registered Exchange Offer (including
the expenses of one counsel for the holders of the Notes) other than dealers'
and brokers' discounts, commissions and counsel fees and will indemnify the
holders of the Notes (including any broker-dealers) against certain liabilities,
including liabilities under the Act.

                  [If applicable, add information required by Regulation S-K
Items 507 and/or 508 of the Act.]

<PAGE>

                                                                         ANNEX D

                  CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10
                  ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY
                  AMENDMENTS OR SUPPLEMENTS THERETO.

             [  ]

                  Name:___________________________________

                  Address:________________________________

                          ________________________________

                  The undersigned represents that it is not an Affiliate of the
Company or the Guarantors, that any Exchange Notes to be received by it will be
acquired in the ordinary course of business and that at the time of the
commencement of the Registered Exchange Offer it had no arrangement with any
person to participate in a distribution of the Exchange Notes.

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

<PAGE>

                                                                         ANNEX E

                 FORM OF LETTER TO BE PROVIDED BY THE COMPANY TO
                          THE DEPOSITORY TRUST COMPANY

The Depository Trust Company
55 Water Street, 50th Floor
New York, NY 10041

                  Re:      9% Senior Subordinated Notes due 2013 (the "Notes")
                           of O'Charley's Inc.

Ladies and Gentlemen:

                  Please be advised that the Securities and Exchange Commission
has declared effective a Registration Statement on Form S-4 under the Securities
Act of 1933, as amended, with regard to all of the Notes referenced above.
Accordingly, there is no longer any restriction as to whom such Notes may be
sold and [any restrictions on the CUSIP designation are no longer appropriate
and may be removed] [the new CUSIP number for the Notes provided should be
used]. I understand that upon receipt of this letter, DTC will remove any stop
or restriction on its system with respect to this issue.

                  As always, please do not hesitate to call if we can be of
further assistance.

Very truly yours,

O'CHARLEY'S INC.

By:_______________________
   Authorized Officer

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