Document:

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                                                                     Exhibit 4.1

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                           BLOCK COMMUNICATIONS, INC.

                     AND EACH OF THE GUARANTORS NAMED HEREIN

                              SERIES A AND SERIES B
                   9 1/4% SENIOR SUBORDINATED NOTES DUE 2009

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

                                    INDENTURE

                           DATED AS OF APRIL 18, 2002

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

                                       AND

                WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION,

                                   AS TRUSTEE

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                             CROSS-REFERENCE TABLE*

Trust Indenture                                         Indenture Section
Act Section
310(a)(1)..........................................             7.10
   (a)(2)..........................................             7.10
   (a)(3)..........................................             N.A.
   (a)(4)..........................................             N.A.
   (a)(5)..........................................             7.10
   (b).............................................             7.10
   (c).............................................             N.A.
311(a).............................................             7.11
   (b).............................................             7.11
   (c).............................................             N.A.
312(a).............................................             2.05
   (b).............................................            13.03
   (c).............................................            13.03
313(a).............................................             7.06
   (b)(2)..........................................          7.06; 7.07
   (c).............................................         7.06; 13.02
   (d).............................................             7.06
314(a).............................................      4.03; 13.02; 13.05
   (c)(1)..........................................            13.04
   (c)(2)..........................................            13.04
   (c)(3)..........................................             N.A.
   (e).............................................            13.05
   (f).............................................             N.A.
315(a).............................................             7.01
   (b).............................................         7.05, 13.02
   (c).............................................             7.01
   (d).............................................             7.01
   (e).............................................             6.11
316(a) (last sentence).............................             2.09
   (a)(1)(A).......................................             6.05
   (a)(1)(B).......................................             6.04
   (a)(2)..........................................             N.A.
   (b).............................................             6.07
   (c).............................................             2.12
317(a)(1)..........................................             6.08
   (a)(2)..........................................             6.09
   (b).............................................             2.04
318(a).............................................            13.01
   (b).............................................             N.A.
   (c).............................................            13.01

N.A. means not applicable.
* This Cross Reference Table is not part of the Indenture.
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                                TABLE OF CONTENTS

                                                                            Page

                                   ARTICLE 1.
                          DEFINITIONS AND INCORPORATION
                                  BY REFERENCE

Section 1.01   Definitions.....................................................1
Section 1.02   Other Definitions..............................................18
Section 1.03   Incorporation by Reference of Trust Indenture Act..............19
Section 1.04   Rules of Construction..........................................19

                                   ARTICLE 2.
                                    THE NOTES

Section 2.01   Form and Dating................................................20
Section 2.02   Execution and Authentication...................................21
Section 2.03   Registrar and Paying Agent.....................................21
Section 2.04   Paying Agent to Hold Money in Trust............................22
Section 2.05   Holder Lists...................................................22
Section 2.06   Transfer and Exchange..........................................22
Section 2.07   Replacement Notes..............................................33
Section 2.08   Outstanding Notes..............................................34
Section 2.09   Treasury Notes.................................................34
Section 2.10   Temporary Notes................................................34
Section 2.11   Cancellation...................................................34
Section 2.12   Defaulted Interest.............................................35

                                   ARTICLE 3.
                            REDEMPTION AND PREPAYMENT

Section 3.01   Notices to Trustee.............................................35
Section 3.02   Selection of Notes to Be Redeemed or Purchased.................35
Section 3.03   Notice of Redemption...........................................36
Section 3.04   Effect of Notice of Redemption.................................36
Section 3.05   Deposit of Redemption or Purchase Price........................36
Section 3.06   Notes Redeemed or Purchased in Part............................37
Section 3.07   Optional Redemption............................................37
Section 3.08   Mandatory Redemption...........................................38
Section 3.09   Offer to Purchase by Application of Excess Proceeds............38

                                   ARTICLE 4.
                                    COVENANTS

Section 4.01   Payment of Notes...............................................39
Section 4.02   Maintenance of Office or Agency................................40
Section 4.03   Reports........................................................40
Section 4.04   Compliance Certificate.........................................41
Section 4.05   Taxes..........................................................41
Section 4.06   Stay, Extension and Usury Laws.................................41
Section 4.07   Restricted Payments............................................42
Section 4.08   Dividend and Other Payment Restrictions
               Affecting Subsidiaries.........................................44
Section 4.09   Incurrence of Indebtedness and Issuance of
               Preferred Stock................................................45
Section 4.10   Asset Sales....................................................47
Section 4.11   Transactions with Affiliates...................................49
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Section 4.12   Liens..........................................................50
Section 4.13   Business Activities............................................50
Section 4.14   Corporate Existence............................................50
Section 4.15   Offer to Repurchase Upon Change of Control.....................51
Section 4.16   No Senior Subordinated Debt....................................52
Section 4.17   Payments for Consent...........................................52
Section 4.18   Additional Subsidiary Guarantees...............................52
Section 4.19   Designation of Restricted and Unrestricted
               Subsidiaries...................................................53

                                   ARTICLE 5.
                                   SUCCESSORS

Section 5.01   Merger, Consolidation, or Sale of Assets.......................53
Section 5.02   Successor Corporation Substituted..............................54

                                   ARTICLE 6.
                              DEFAULTS AND REMEDIES

Section 6.01   Events of Default..............................................54
Section 6.02   Acceleration...................................................55
Section 6.03   Other Remedies.................................................56
Section 6.04   Waiver of Past Defaults........................................57
Section 6.05   Control by Majority............................................57
Section 6.06   Limitation on Suits............................................57
Section 6.07   Rights of Holders of Notes to Receive Payment..................57
Section 6.08   Collection Suit by Trustee.....................................58
Section 6.09   Trustee May File Proofs of Claim...............................58
Section 6.10   Priorities.....................................................58
Section 6.11   Undertaking for Costs..........................................59

                                   ARTICLE 7.
                                     TRUSTEE

Section 7.01   Duties of Trustee..............................................59
Section 7.02   Rights of Trustee..............................................60
Section 7.03   Individual Rights of Trustee...................................60
Section 7.04   Trustee's Disclaimer...........................................60
Section 7.05   Notice of Defaults.............................................61
Section 7.06   Reports by Trustee to Holders of the Notes.....................61
Section 7.07   Compensation and Indemnity.....................................61
Section 7.08   Replacement of Trustee.........................................62
Section 7.09   Successor Trustee by Merger, etc...............................63
Section 7.10   Eligibility; Disqualification..................................63
Section 7.11   Preferential Collection of Claims Against Company..............63

                                   ARTICLE 8.
                    LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01   Option to Effect Legal Defeasance or Covenant
               Defeasance.....................................................63
Section 8.02   Legal Defeasance and Discharge.................................63
Section 8.03   Covenant Defeasance............................................64
Section 8.04   Conditions to Legal or Covenant Defeasance.....................64
Section 8.05   Deposited Money and Government Securities to be
               Held in Trust; Other Miscellaneous Provisions. ................65
Section 8.06   Repayment to Company...........................................66
Section 8.07   Reinstatement..................................................66

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                                   ARTICLE 9.
                        AMENDMENT, SUPPLEMENT AND WAIVER

Section 9.01   Without Consent of Holders of Notes............................66
Section 9.02   With Consent of Holders of Notes...............................67
Section 9.03   Compliance with Trust Indenture Act............................68
Section 9.04   Revocation and Effect of Consents..............................68
Section 9.05   Notation on or Exchange of Notes...............................69
Section 9.06   Trustee to Sign Amendments, etc................................69

                                   ARTICLE 10.
                                  SUBORDINATION

Section 10.01  Agreement to Subordinate.......................................69
Section 10.02  Liquidation; Dissolution; Bankruptcy...........................69
Section 10.03  Default on Designated Senior Debt..............................70
Section 10.04  Acceleration of Notes..........................................70
Section 10.05  When Distribution Must Be Paid Over............................70
Section 10.06  Notice by Company..............................................71
Section 10.07  Subrogation....................................................71
Section 10.08  Relative Rights................................................71
Section 10.09  Subordination May Not Be Impaired by Company...................72
Section 10.10  Distribution or Notice to Representative.......................72
Section 10.11  Rights of Trustee and Paying Agent.............................72
Section 10.12  Authorization to Effect Subordination..........................72
Section 10.13  Amendments.....................................................72
Section 10.14  Reinstatement..................................................73
Section 10.15  No Waiver of Subordination Provisions..........................73

                                   ARTICLE 11.
                                 NOTE GUARANTEES

Section 11.01  Guarantee......................................................73
Section 11.02  Limitation on Guarantor Liability..............................74
Section 11.03  Execution and Delivery of Subsidiary Guarantee.................74
Section 11.04  Guarantors May Consolidate, etc., on Certain Terms.............75
Section 11.05  Releases Following Sale of Assets..............................75
Section 11.06  Subordination of Subsidiary Guarantee..........................76
Section 11.07  Release Following Designation as an
               Unrestricted Subsidiary........................................76

                                   ARTICLE 12.
                           SATISFACTION AND DISCHARGE

Section 12.01  Satisfaction and Discharge.....................................76
Section 12.02  Application of Trust Money.....................................77

                                   ARTICLE 13.
                                  MISCELLANEOUS

Section 13.01  Trust Indenture Act Controls...................................77
Section 13.02  Notices........................................................78
Section 13.03  Communication by Holders of Notes with
               Other Holders of Notes.........................................79
Section 13.04  Certificate and Opinion as to Conditions Precedent.............79
Section 13.05  Statements Required in Certificate or Opinion..................79
Section 13.06  Rules by Trustee and Agents....................................79
Section 13.07  No Personal Liability of Directors, Officers,
               Employees and Stockholders.....................................80
Section 13.08  Governing Law..................................................80

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Section 13.09  No Adverse Interpretation of Other Agreements..................80
Section 13.10  Successors.....................................................80
Section 13.11  Severability...................................................80
Section 13.12  Counterpart Originals..........................................80
Section 13.13  Table of Contents, Headings, etc...............................80

                                EXHIBITS

Exhibit A1    FORM OF NOTE
Exhibit A2    FORM OF REGULATION S TEMPORARY GLOBAL NOTE
Exhibit B     FORM OF CERTIFICATE OF TRANSFER
Exhibit C     FORM OF CERTIFICATE OF EXCHANGE
Exhibit D     FORM OF CERTIFICATE OF ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
Exhibit E     FORM OF NOTE GUARANTEE
Exhibit F     FORM OF SUPPLEMENTAL INDENTURE

                                       iv
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         INDENTURE dated as of April 18, 2002 among Block Communications, Inc.,
an Ohio corporation (the "Company"), the Guarantors (as defined) and Wells Fargo
Bank Minnesota, National Association, as trustee (the "Trustee").

         The Company, the Guarantors and the Trustee agree as follows for the
benefit of each other and for the equal and ratable benefit of the Holders (as
defined) of the 9 1/4% Series A Senior Subordinated Notes due 2009 (the "Series
A Notes") and the 9 1/4% Series B Senior Subordinated Notes due 2009 (the
"Series B Notes" and, together with the Series A Notes, the "Notes"):

                                   ARTICLE 1.
                          DEFINITIONS AND INCORPORATION
                                  BY REFERENCE

Section 1.01 Definitions.

         "144A Global Note" means a Global Note substantially in the form of
Exhibit A1 hereto bearing the Global Note Legend and the Private Placement
Legend and deposited with or on behalf of, and registered in the name of, the
Depositary or its nominee that will be issued in a denomination equal to the
outstanding principal amount of the Notes sold in reliance on Rule 144A.

         "Acquired Debt" means, with respect to any specified Person:

                  (1) Indebtedness of any other Person existing at the time such
         other Person is merged with or into or became a Subsidiary of such
         specified Person, whether or not such Indebtedness is incurred in
         connection with, or in contemplation of, such other Person merging with
         or into, or becoming a Subsidiary of, such specified Person; and

                  (2) Indebtedness secured by a Lien encumbering any asset
         acquired by such specified Person.

         "Additional Interest" means all Additional Interest then owing pursuant
to Section 5 of the Registration Rights Agreement.

         "Additional Notes" means Notes issued under this Indenture in
accordance with Sections 2.02 and 4.09 hereof, as part of the same series as the
Notes issued on the date of this Indenture.

         "Affiliate" of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For purposes of this definition, "control,"
as used with respect to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or
policies of such Person, whether through the ownership of voting securities, by
agreement or otherwise; provided that beneficial ownership of 10% or more of the
Voting Stock of a Person will be deemed to be control. For purposes of this
definition, the terms "controlling," "controlled by" and "under common control
with" have correlative meanings.

          "Agent" means any Registrar, co-registrar, Paying Agent or additional
paying agent.

         "Applicable Procedures" means, with respect to any transfer or exchange
of or for beneficial interests in any Global Note, the rules and procedures of
the Depositary, Euroclear and Clearstream that apply to such transfer or
exchange.

         "Asset Sale" means:

                  (1) the sale, lease, conveyance or other disposition of any
         assets or rights; provided that
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         the sale, conveyance or other disposition of all or substantially all
         of the assets of the Company and its Subsidiaries taken as a whole
         shall be governed by Sections 4.15 and 5.01 and not by Section 4.10;
         and

                  (2) the issuance of Equity Interests in any of the Company's
         Restricted Subsidiaries or the sale of Equity Interests in any of its
         Restricted Subsidiaries.

                  Notwithstanding the preceding, the following items shall not
         be deemed to be Asset Sales:

                  (1) any single transaction or series of related transactions
         that involves assets having a fair market value of less than $1.0
         million;

                  (2) a transfer of assets between or among the Company and its
         Restricted Subsidiaries,

                  (3) an issuance of Equity Interests by a Restricted Subsidiary
         to the Company or to another Restricted Subsidiary;

                  (4) the sale or lease of equipment, inventory, accounts
         receivable or other assets in the ordinary course of business;

                  (5) the sale or other disposition of cash or Cash Equivalents;

                  (6) the sale and leaseback of any assets within 90 days of the
         acquisition;

                  (7) foreclosures on assets;

                  (8) the disposition of equipment no longer used or useful in
         the business of the Company or a Restricted Subsidiary;

                  (9) the licensing of intellectual property; and

                  (10) a Restricted Payment or Permitted Investment that is
         permitted by the covenant described in Section 4.07.

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

         "Beneficial Owner" has the meaning assigned to such term in Rule 13d-3
and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial
ownership of any particular "person" (as that term is used in Section 13(d)(3)
of the Exchange Act), such "person" will be deemed to have beneficial ownership
of all securities that such "person" has the right to acquire by conversion or
exercise of other securities, whether such right is currently exercisable or is
exercisable only upon the occurrence of a subsequent condition. The terms
"Beneficially Owns" and "Beneficially Owned" have a corresponding meaning.

         "Board of Directors" means:

                  (1) with respect to a corporation, the board of directors of
         the corporation;

                  (2) with respect to a partnership, the Board of Directors of
         the general partner of the partnership; and

                  (3) with respect to any other Person, the board or committee
         of such Person serving a

                                       2
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         similar function.

          "Broker-Dealer" has the meaning set forth in the Registration Rights
Agreement.

         "Business Day" means any day other than a Legal Holiday.

         "Capital Lease Obligation" means, at the time any determination is to
be made, the amount of the liability in respect of a capital lease that would at
that time be required to be capitalized on a balance sheet in accordance with
GAAP.

         "Capital Stock" means:

                  (1) in the case of a corporation, corporate stock;

                  (2) in the case of an association or business entity, any and
         all shares, interests, participations, rights or other equivalents
         (however designated) of corporate stock;

                  (3) in the case of a partnership or limited liability company,
         partnership or membership interests (whether general or limited); and

                  (4) any other interest or participation that confers on a
         Person the right to receive a share of the profits and losses of, or
         distributions of assets of, the issuing Person.

         "Cash Equivalents" means:

                  (1) United States dollars;

                  (2) securities issued or directly and fully guaranteed or
         insured by the United States government or any agency or
         instrumentality of the United States government (provided that the full
         faith and credit of the United States is pledged in support of those
         securities) having maturities of not more than six months from the date
         of acquisition;

                  (3) certificates of deposit and eurodollar time deposits with
         maturities of six months or less from the date of acquisition, bankers'
         acceptances with maturities not exceeding six months and overnight bank
         deposits, in each case, with any domestic commercial bank having
         capital and surplus in excess of $500.0 million;

                  (4) repurchase obligations with a term of not more than seven
         days for underlying securities of the types described in clauses (2)
         and (3) above entered into with any financial institution meeting the
         qualifications specified in clause (3) above;

                  (5) commercial paper having the highest rating obtainable from
         Moody's Investors Service, Inc. or Standard & Poor's Rating Services
         and in each case maturing within six months after the date of
         acquisition; and

                  (6) money market funds at least 95% of the assets of which
         constitute Cash Equivalents of the kinds described in clauses (1)
         through (5) of this definition.

         "Clearstream" means Clearstream Banking, S.A.

         "Change of Control" means the occurrence of any of the following:

                  (1) the direct or indirect sale, transfer, conveyance or other
         disposition (other than by way of merger or consolidation), in one or a
         series of related transactions, of all or substantially

                                       3
<PAGE>
         all of the properties or assets of the Company and its Restricted
         Subsidiaries, taken as a whole, to any "person" (as that term is used
         in Section 13(d)(3) of the Exchange Act) other than a Principal or a
         Related Party of a Principal;

                  (2) the adoption of a plan relating to the liquidation or
         dissolution of the Company;

                  (3) the consummation of any transaction (including, without
         limitation, any merger or consolidation) the result of which is that
         any "person" (as defined above), other than the Principals and their
         Related Parties, becomes the Beneficial Owner, directly or indirectly,
         of more than 50% of the Voting Stock of the Company, measured by voting
         power rather than number of shares; or

                  (4) the first day on which a majority of the members of the
         Board of Directors of the Company are not Continuing Directors.

         "Commission" means the Securities and Exchange Commission.

         "Company" means the issuer, and any and all successors thereto.

         "Consolidated Cash Flow" means, with respect to any specified Person
for any period, the Consolidated Net Income of such Person for such period plus:

                  (1) an amount equal to any extraordinary loss plus any net
         loss realized by such Person or any of its Restricted Subsidiaries in
         connection with an Asset Sale, to the extent such losses were deducted
         in computing such Consolidated Net Income; plus

                  (2) provision for taxes based on income or profits of such
         Person and its Restricted Subsidiaries for such period, to the extent
         that such provision for taxes was deducted in computing such
         Consolidated Net Income; plus

                  (3) consolidated interest expense of such Person and its
         Restricted Subsidiaries for such period, whether paid or accrued and
         whether or not capitalized (including, without limitation, amortization
         of debt issuance costs and original issue discount, non-cash interest
         payments, the interest component of any deferred payment obligations,
         the interest component of all payments associated with Capital Lease
         Obligations, commissions, discounts and other fees and charges incurred
         in respect of letter of credit or bankers' acceptance financings, and
         net of the effect of all payments made or received pursuant to Hedging
         Obligations), to the extent that any such expense was deducted in
         computing such Consolidated Net Income; plus

                  (4) depreciation, amortization (including amortization of
         goodwill and other intangibles but excluding amortization of prepaid
         cash expenses that were paid in a prior period) and other non-cash
         expenses (excluding any such non-cash expense to the extent that it
         represents an accrual of or reserve for cash expenses in any future
         period or amortization of a prepaid cash expense that was paid in a
         prior period) of such Person and its Restricted Subsidiaries for such
         period to the extent that such depreciation, amortization and other
         non-cash expenses were deducted in computing such Consolidated Net
         Income; minus

                  (5) non-cash items increasing such Consolidated Net Income for
         such period, other than the accrual of revenue in the ordinary course
         of business; minus

                  (6) programming rights payments made during such period, in
         each case, on a consolidated basis and determined in accordance with
         GAAP.

         Notwithstanding the preceding, the provision for taxes based on the
income or profits of, and the

                                       4
<PAGE>
depreciation and amortization and other non-cash expenses of, a Subsidiary of
the Company will be added to Consolidated Net Income to compute Consolidated
Cash Flow of the Company only to the extent that a corresponding amount would be
permitted at the date of determination to be dividended or otherwise paid to the
Company by such Subsidiary without prior governmental approval (that has not
been obtained), and without direct or indirect restriction pursuant to the terms
of its charter and all agreements, instruments, judgments, decrees, orders,
statutes, rules and governmental regulations applicable to that Subsidiary or
its stockholders.

         "Consolidated Indebtedness" means, with respect to any Person as of any
date of determination, the sum, without duplication, of (i) the total amount of
Indebtedness of such Person and its Restricted Subsidiaries, plus (ii) the total
amount of Indebtedness of any other Person, to the extent that such Indebtedness
has been Guaranteed by the referent Person or one or more of its Restricted
Subsidiaries or is secured by a Lien on assets of the referent Person or any of
its Restricted Subsidiaries, plus (iii) the aggregate liquidation value of all
Disqualified Stock of such Person and all preferred stock of Restricted
Subsidiaries of such Person, in each case, determined on a consolidated basis in
accordance with GAAP.

         "Consolidated Interest Expense" means, with respect to any Person for
any period, the sum of (i) the consolidated interest expense of the referent
Person and its Restricted Subsidiaries for such period, whether paid or accrued
(including, without limitation, amortization of debt issuance costs and original
issue discount, non-cash interest payments, the interest component of any
deferred payment obligations, the interest component of all payments associated
with Capital Lease Obligations, commissions, discounts and other fees and
charges incurred in respect of letter of credit or bankers' acceptance
financings, and net payments (if any) pursuant to Hedging Obligations) and (ii)
the consolidated interest expense of the referent Person and its Restricted
Subsidiaries that was capitalized during such period, and (iii) any interest
expense on Indebtedness of another Person that is guaranteed by the referent
Person or one of its Restricted Subsidiaries or secured by a Lien on assets of
the referent Person or one of its Restricted Subsidiaries (whether or not such
Guarantee or Lien is called upon) and (iv) the product of (a) all dividend
payments, whether or not in cash, on any series of preferred stock of such
Person or any of its Restricted Subsidiaries, other than dividend payments on
Equity Interests payable solely in Equity Interests of such Person (other than
Disqualified Stock) or to such Person or any of its Restricted Subsidiaries,
times (b) a fraction, the numerator of which is one and the denominator of which
is one minus the then current combined federal, state and local statutory tax
rate of the referent Person, expressed as a decimal, in each case, on a
consolidated basis and in accordance with GAAP.

         "Consolidated Net Income" means, with respect to any specified Person
for any period, the aggregate of the Net Income of such Person and its
Restricted Subsidiaries for such period, on a consolidated basis, determined in
accordance with GAAP; provided that:

                  (1) the Net Income (but not loss) of any Person that is not a
         Restricted Subsidiary or that is accounted for by the equity method of
         accounting shall be included only to the extent of the amount of
         dividends or distributions paid in cash to the specified Person or a
         Restricted Subsidiary of the Person;

                  (2) the Net Income of any Restricted Subsidiary shall be
         excluded to the extent that the declaration or payment of dividends or
         similar distributions by that Restricted Subsidiary of that Net Income
         is not at the date of determination permitted without any prior
         governmental approval (that has not been obtained) or, directly or
         indirectly, by operation of the terms of its charter or any agreement,
         instrument, judgment, decree, order, statute, rule or governmental
         regulation applicable to that Restricted Subsidiary or its
         stockholders;

                  (3) the Net Income of any Person acquired in a pooling of
         interests transaction for any period prior to the date of such
         acquisition shall be excluded; and

                                       5
<PAGE>
                  (4) the cumulative effect of a change in accounting principles
         shall be excluded.

         "Continuing Directors" means, as of any date of determination, any
member of the Board of Directors of the Company who:

                  (1) was a member of such Board of Directors on the date of
         this Indenture; or

                  (2) was nominated for election or elected to such Board of
         Directors with the approval of a majority of the Continuing Directors
         who were members of such Board at the time of such nomination or
         election.

         "Corporate Trust Office of the Trustee" will be at the address of the
Trustee specified in Section 13.02 hereof or such other address as to which the
Trustee may give notice to the Company.

         "Credit Agreement" means that certain Revolving Credit Agreement, dated
as of December 29, 1998, by and among the Company, the Lenders referred to
therein, Mellon Bank, N.A., as Administrative Agent, and The Huntington National
Bank, as Documentation Agent, as amended, and that certain 364-Day Standby Term
Loan Agreement, dated as of December 29, 1998, by and among the Company, the
Lenders referred to therein, Mellon Bank, N.A., as Administrative Agent, and The
Huntington National Bank, as Documentation Agent, as amended, including any
related notes, guarantees, collateral documents, instruments and agreements
executed in connection therewith, and in each case as amended, amended and
restated, modified, supplemented, renewed, refunded, replaced or refinanced from
time to time.

         "Credit Facilities" means, one or more debt facilities (including,
without limitation, the Credit Agreement) or commercial paper facilities, in
each case with banks or other institutional lenders providing for revolving
credit loans, term loans, receivables financing (including through the sale of
receivables to such lenders or to special purpose entities formed to borrow from
such lenders against such receivables) or letters of credit, in each case, as
amended, amended and restated, modified, supplemented, renewed, refunded,
replaced or refinanced in whole or in part from time to time.

         "Custodian" means the Trustee, as custodian with respect to the Notes
in global form, or any successor entity thereto.

         "Debt to Cash Flow Ratio" means, as of any date of determination, the
ratio of (a) the Consolidated Indebtedness of the Company as of such date to (b)
the Consolidated Cash Flow of the Company for the four most recent full fiscal
quarters ending immediately prior to such date for which internal financial
statements are available, determined on a pro forma basis after giving effect to
all acquisitions or dispositions of assets made by the Company and its
Restricted Subsidiaries from the beginning of such four-quarter period through
and including such date of determination (including any related financing
transactions) as if such acquisitions and dispositions had occurred at the
beginning of such four-quarter period. In addition, for purposes of making the
computation referred to above, (i) acquisitions that have been made by the
Company or any of its Restricted Subsidiaries, including through mergers or
consolidations and including any related financing transactions, during the
four-quarter reference period or subsequent to such reference period and on or
prior to the Calculation Date shall be deemed to have occurred on the first day
of the four-quarter reference period and Consolidated Cash Flow for such
reference period shall be calculated without giving effect to clause (3) of the
proviso set forth in the definition of Consolidated Net Income, and (ii) the
Consolidated Cash Flow attributable to discontinued operations, as determined in
accordance with GAAP, and operations or businesses disposed of prior to the
Calculation Date, shall be excluded.

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

                                       6
<PAGE>
         "Definitive Note" means a certificated Note registered in the name of
the Holder thereof and issued in accordance with Section 2.06 hereof,
substantially in the form of Exhibit A1 hereto except that such Note shall not
bear the Global Note Legend and shall not have the "Schedule of Exchanges of
Interests in the Global Note" attached thereto.

         "Depositary" means, with respect to the Notes issuable or issued in
whole or in part in global form, the Person specified in Section 2.03 hereof as
the Depositary with respect to the Notes, and any and all successors thereto
appointed as depositary hereunder and having become such pursuant to the
applicable provision of this Indenture.

         "Designated Senior Debt" means:

                  (1) any Indebtedness outstanding under the Credit Agreement;
         and

                  (2) after payment in full of all Obligations under the Credit
         Agreement, any other Senior Debt permitted under this Indenture the
         principal amount of which is $25.0 million or more and that has been
         designated by the Company as "Designated Senior Debt."

         "Disqualified Stock" means any Capital Stock that, by its terms (or by
the terms of any security into which it is convertible, or for which it is
exchangeable, in each case at the option of the holder of the Capital Stock), or
upon the happening of any event, matures or is mandatorily redeemable, pursuant
to a sinking fund obligation or otherwise, or redeemable at the option of the
holder of the Capital Stock, in whole or in part, on or prior to the date that
is 91 days after the date on which the Notes mature. Notwithstanding the
preceding sentence, any Capital Stock that would constitute Disqualified Stock
solely because the holders of the Capital Stock have the right to require the
Company to repurchase such Capital Stock upon the occurrence of a change of
control or an asset sale shall not constitute Disqualified Stock if the terms of
such Capital Stock provide that the Company may not repurchase or redeem any
such Capital Stock pursuant to such provisions unless such repurchase or
redemption complies with Section 4.07 hereof. Capital Stock subject to
redemption by virtue of the Amendment to and Restatement of Stock Redemption
Agreement, dated as of December 12, 1991, as in effect on the date of this
Indenture (with such changes that from time to time do not materially adversely
affect the Company and its Restricted Subsidiaries taken as a whole or increase
the amounts payable thereunder), shall not be "Disqualified Stock" solely by
virtue of such redemption.

         "Domestic Subsidiary" means any Restricted Subsidiary of the Company
that was formed under the laws of the United States or any state of the United
States or the District of Columbia or that guarantees or otherwise provides
direct credit support for any Indebtedness of the Company.

         "Equity Interests" means Capital Stock and all warrants, options or
other rights to acquire Capital Stock (but excluding any debt security that is
convertible into, or exchangeable for, Capital Stock).

         "Euroclear" means Euroclear Bank S.A./N.V., as operator of the
Euroclear system.

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

         "Exchange Notes" means the 9 -1/4% Senior Subordinated Notes due 2009,
of the same series under this Indenture as the Notes, to be issued to Holders in
exchange for Transfer Restricted Securities pursuant to the Registration Rights
Agreement.

         "Exchange Offer" means the registration by the Company and the
Guarantors under the Securities Act of the Exchange Notes pursuant to a
Registration Statement pursuant to which Block and the Guarantors offer the
Holders of all outstanding Transfer Restricted Securities the opportunity to
exchange all such outstanding Transfer Restricted Securities held by such
Holders for Exchange Notes

                                       7
<PAGE>
and Exchange Guarantees in an aggregate principal amount equal to the aggregate
principal amount of the Transfer Restricted Securities tendered in such exchange
offer by such Holders.

         "Exchange Offer Registration Statement" means the Registration
Statement relating to the Exchange Offer, including the related Prospectus.

         "Existing Indebtedness" means the Indebtedness of the Company and its
Restricted Subsidiaries (other than Indebtedness under the Credit Agreement) in
existence on the date of this Indenture, until such amounts are repaid.

         "GAAP" means generally accepted accounting principles in the United
States set forth in the opinions and pronouncements of the Accounting Principles
Board of the American Institute of Certified Public Accountants and statements
and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as have been approved by a significant segment
of the accounting profession, which are in effect from time to time.

          "Global Notes" means, individually and collectively, each of the
Restricted Global Notes and the Unrestricted Global Notes, substantially in the
form of Exhibit A1 hereto issued in accordance with Section 2.01, 2.06(b)(3),
2.06(b)(4), 2.06(d)(2) or 2.06(f) hereof.

         "Global Note Legend" means the legend set forth in Section 2.06(g)(2),
which is required to be placed on all Global Notes issued under this Indenture.

         "Government Securities" means direct obligations of, or obligations
guaranteed by, the United States of America, and the payment for which the
United States pledges its full faith and credit.

         "Guarantee" means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or
indirect, in any manner including, without limitation, by way of a pledge of
assets or through letters of credit or reimbursement agreements in respect
thereof, of all or any part of any Indebtedness.

         "Guarantors" means each of:

                  (1) each Domestic Subsidiary of the Company, other than WAND
         (TV) Partnership; and

                  (2) any other Subsidiary that executes a Subsidiary Guarantee
         in accordance with the provisions of this Indenture; and their
         respective successors and assigns.

         "Hedging Obligations" means, with respect to any specified Person, the
obligations of such Person under:

                  (1) interest rate swap agreements, interest rate cap
         agreements and interest rate collar agreements; and

                  (2) other agreements or arrangements designed to protect such
         Person against fluctuations in interest rates.

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

         "IAI Global Note" means a Global Note substantially in the form of
Exhibit A1 hereto bearing the Global Note Legend and the Private Placement
Legend and deposited with or on behalf of and

                                       8
<PAGE>
registered in the name of the Depositary or its nominee that will be issued in a
denomination equal to the outstanding principal amount of the Notes sold to
Institutional Accredited Investors.

         "Indebtedness" means, with respect to any specified Person, any
indebtedness of such Person, whether or not contingent:

                  (1) in respect of borrowed money;

                  (2) evidenced by bonds, notes, debentures or similar
         instruments or letters of credit (or reimbursement agreements in
         respect thereof);

                  (3) in respect of banker's acceptances;

                  (4) representing Capital Lease Obligations;

                  (5) representing the balance deferred and unpaid of the
         purchase price of any property, except any such balance that
         constitutes an accrued expense or trade payable; or

                  (6) representing any Hedging Obligations,

if and to the extent any of the preceding items (other than letters of credit
and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term
"Indebtedness" includes all Indebtedness of others secured by a Lien on any
asset of the specified Person (whether or not such Indebtedness is assumed by
the specified Person) and, to the extent not otherwise included, the Guarantee
by the specified Person of any Indebtedness of any other Person.

         The amount of any Indebtedness outstanding as of any date shall be:

                  (1) the accreted value of the Indebtedness, in the case of any
         Indebtedness issued with original issue discount; and

                  (2) the principal amount of the Indebtedness, together with
         any interest on the Indebtedness that is more than 30 days past due, in
         the case of any other Indebtedness.

          "Indenture" means this Indenture, as amended or supplemented from time
to time.

         "Indirect Participant" means a Person who holds a beneficial interest
in a Global Note through a Participant.

         "Initial Purchasers" means Bank of America Securities LLC, Fleet
Securities, Inc., Comerica Securities, Inc., NatCity Investments, Inc. and BMO
Nesbitt Burns Corp.

         "Institutional Accredited Investor" means an institution that is an
"accredited investor" as defined in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act, who are not also QIBs.

         "Investments" means, with respect to any Person, all direct or indirect
investments by such Person in other Persons (including Affiliates) in the forms
of loans (including Guarantees or other obligations), advances or capital
contributions (excluding commission, travel and similar advances to officers and
employees made in the ordinary course of business), purchases or other
acquisitions for consideration of Indebtedness, Equity Interests or other
securities, together with all items that are or would be classified as
investments on a balance sheet prepared in accordance with GAAP. If the Company
or any Restricted Subsidiary of the Company sells or otherwise disposes of any
Equity Interests of any direct or indirect Subsidiary of the Company such that,
after giving effect to any such sale or disposition, such Person is no

                                       9
<PAGE>
longer a Subsidiary of the Company, the Company shall be deemed to have made an
Investment on the date of any such sale or disposition equal to the fair market
value of the Company's Investments in such Subsidiary that were not sold or
disposed of in an amount determined as provided in the final paragraph of
Section 4.07.

         "Legal Holiday" means a Saturday, a Sunday or a day on which banking
institutions in the City of New York or at a place of payment are authorized by
law, regulation or executive order to remain closed. If a payment date is a
Legal Holiday at a place of payment, payment may be made at that place on the
next succeeding day that is not a Legal Holiday, and no interest shall accrue on
such payment for the intervening period.

         "Letter of Transmittal" means the letter of transmittal to be prepared
by the Company and sent to all Holders of the Notes for use by such Holders in
connection with the Exchange Offer.

         "Lien" means, with respect to any asset, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such asset,
whether or not filed, recorded or otherwise perfected under applicable law,
including any conditional sale or other title retention agreement, any lease in
the nature thereof, any option or other agreement to sell or give a security
interest in and any filing of or agreement to give any financing statement under
the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

         "Net Income" means, with respect to any specified Person, the net
income (loss) of such Person, determined in accordance with GAAP and before any
reduction in respect of preferred stock dividends, excluding, however:

                  (1) any gain or loss, together with any related provision for
         taxes on such gain or loss, realized in connection with: (a) any Asset
         Sale; or (b) the disposition of any securities by such Person or any of
         its Restricted Subsidiaries or the extinguishment of any Indebtedness
         of such Person or any of its Restricted Subsidiaries; and

                  (2) any extraordinary gain or loss, together with any related
         provision for taxes on such extraordinary gain or loss.

         "Net Proceeds" means the aggregate cash proceeds received by the
Company or any of its Restricted Subsidiaries in respect of any Asset Sale
(including, without limitation, any cash received upon the sale or other
disposition of any non-cash consideration received in any Asset Sale), net of
the direct costs relating to such Asset Sale, including, without limitation,
legal, accounting and investment banking fees, and sales commissions, and any
relocation expenses incurred as a result of the Asset Sale, taxes paid or
payable as a result of the Asset Sale, in each case, after taking into account
any available tax credits or deductions and any tax sharing arrangements, and
amounts required to be applied to the repayment of Indebtedness, other than
Senior Debt, secured by a Lien on the asset or assets that were the subject of
such Asset Sale.

         "Non-Recourse Debt" means Indebtedness:

                  (1) as to which neither the Company nor any of its Restricted
         Subsidiaries (a) provides credit support of any kind (including any
         undertaking, agreement or instrument that would constitute
         Indebtedness), (b) is directly or indirectly liable as a guarantor or
         otherwise, or (c) constitutes the lender;

                  (2) no default with respect to which (including any rights
         that the holders of the Indebtedness may have to take enforcement
         action against an Unrestricted Subsidiary) would permit upon notice,
         lapse of time or both any holder of any other Indebtedness of the
         Company or any of its Restricted Subsidiaries to declare a default on
         such other Indebtedness or cause the

                                       10
<PAGE>
         payment of the Indebtedness to be accelerated or payable prior to its
         stated maturity; and

                  (3) as to which the lenders have been notified in writing that
         they will not have any recourse to the stock or assets of the Company
         or any of its Restricted Subsidiaries.

          "Non-U.S. Person" means a Person who is not a U.S. Person.

          "Notes" has the meaning assigned to it in the preamble to this
Indenture. For purposes of this Indenture, the term "Notes" shall include any
Additional Notes issued under the Indenture in accordance with Section 2.02 and
4.09 hereof, as part of the same series of Notes issued on the date of this
Indenture.

         "Obligations" means any principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities payable under
the documentation governing any Indebtedness.

         "Officer" means, with respect to any Person, the Chairman of the Board,
the Chief Executive Officer, the President, the Chief Operating Officer, the
Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller,
the Secretary or any Vice-President of such Person.

         "Officers' Certificate" means a certificate signed on behalf of the
Company by two Officers of the Company, one of whom must be the principal
executive officer, the principal financial officer, the treasurer or the
principal accounting officer of the Company, that meets the requirements of
Section 13.05 hereof.

         "Opinion of Counsel" means an opinion from legal counsel who is
reasonably acceptable to the Trustee, that meets the requirements of Section
13.05 hereof. The counsel may be an employee of or counsel to the Company, any
Subsidiary of the Company or the Trustee.

         "Participant" means, with respect to the Depositary, Euroclear or
Clearstream, a Person who has an account with the Depositary, Euroclear or
Clearstream, respectively (and, with respect to DTC, shall include Euroclear and
Clearstream).

         "Permitted Business" means any business engaged in by the Company or
its Restricted Subsidiaries as of the date of this Indenture or any business
reasonably related, ancillary or complimentary thereto.

         "Permitted Investments" means:

                  (1) any Investment in the Company or in a Restricted
         Subsidiary of the Company that is a Guarantor;

                  (2) any Investment by the Company in WAND (TV) Partnership;
         provided, however that:

                           (A) WAND (TV) Partnership is designated as a
                  Restricted Subsidiary on the date of such Investment;

                           (B) on the date of such Investment there does not
                  exist any consensual encumbrance or restriction (other than
                  those in or contemplated by the Partnership Agreement of WAND
                  (TV) Partnership as in effect on the date of this Indenture
                  with such changes that from time to time do not materially
                  adversely affect the Company or its Restricted Subsidiaries
                  (other than WAND (TV) Partnership) or increase the scope or
                  substance of any such encumbrances or restrictions) on the
                  ability of WAND (TV) Partnership to (i) pay dividends or make
                  any other distributions on its Capital Stock to the Company or
                  any other Restricted Subsidiary, or with respect to any other
                  interest or

                                       11
<PAGE>
                  participation in, or measured by, its profits, or pay any
                  indebtedness owed to the Company or any other Restricted
                  Subsidiary; (ii) make loans or advances to the Company or any
                  other Restricted Subsidiary; or (iii) transfer any of its
                  properties or assets to the Company or any other Restricted
                  Subsidiary; and

                           (C) senior management of the Company reasonably
                  believes that such Investment is prudent to operate WAND (TV)
                  Partnership's business in the ordinary course of its business;

                  (3) any Investment in Cash Equivalents;

                  (4) any Investment by the Company or any Restricted Subsidiary
         of the Company in a Person, if as a result of such Investment:

                           (A) such Person becomes a Restricted Subsidiary of
                  the Company and a Guarantor; or

                           (B) such Person is merged, consolidated or
                  amalgamated with or into, or transfers or conveys
                  substantially all of its assets to, or is liquidated into, the
                  Company or a Restricted Subsidiary of the Company that is a
                  Guarantor;

                  (5) any Investment made as a result of the receipt of non-cash
         consideration from an Asset Sale that was made pursuant to and in
         compliance with Section 4.10 hereof;

                  (6) any acquisition of assets solely in exchange for the
         issuance of Equity Interests (other than Disqualified Stock) of the
         Company;

                  (7) any Investments received in compromise of obligations of
         trade creditors or customers that were incurred in the ordinary course
         of the Company's or any of its Restricted Subsidiaries' business,
         including pursuant to any plan of reorganization or similar arrangement
         upon the bankruptcy or insolvency of any trade creditor or customer;

                  (8) Hedging Obligations; and

                  (9) other Investments in any Person having an aggregate fair
         market value (measured on the date each such Investment was made and
         without giving effect to subsequent changes in value), when taken
         together with all other Investments made pursuant to this clause (9)
         since the date of this Indenture not to exceed $5.0 million.

         "Permitted Junior Securities" means:

                  (1) Equity Interests in the Company or any Guarantor; or

                  (2) debt securities that are subordinated to all Senior Debt
         and any debt securities issued in exchange for Senior Debt to
         substantially the same extent as, or to a greater extent than, the
         Notes and the Subsidiary Guarantees are subordinated to Senior Debt
         under this Indenture.

         "Permitted Liens" means:

                  (1) Liens securing Senior Debt that was permitted by the terms
         of this Indenture to be incurred;

                  (2) Liens in favor of the Company or the Guarantors;

                                       12
<PAGE>
                  (3) Liens on property of a Person existing at the time such
         Person is merged with or into or consolidated with the Company or any
         Subsidiary of the Company; provided that such Liens were in existence
         prior to the contemplation of such merger or consolidation and do not
         extend to any assets other than those of the Person merged into or
         consolidated with the Company or the Subsidiary;

                  (4) Liens on property existing at the time of acquisition of
         the property by the Company or any Subsidiary of the Company, provided
         that such Liens were in existence prior to the contemplation of such
         acquisition;

                  (5) Liens to secure the performance of statutory obligations,
         surety or appeal bonds, performance bonds or other obligations of a
         like nature incurred in the ordinary course of business;

                  (6) Liens to secure Indebtedness (including Capital Lease
         Obligations) permitted by Section 4.09(b)(4) hereof covering only the
         assets acquired with such Indebtedness;

                  (7) Liens existing on the date of this Indenture;

                  (8) Liens for taxes, assessments or governmental charges or
         claims that are not yet delinquent or that are being contested in good
         faith by appropriate proceedings promptly instituted and diligently
         concluded, provided that any reserve or other appropriate provision as
         is required in conformity with GAAP has been made therefor;

                  (9) Liens securing Permitted Refinancing Indebtedness;
         provided, however that (a) such new Lien shall be limited to all or
         part of the same assets that secured the original Lien (plus
         improvements on such property) and (b) the Indebtedness secured by such
         Lien at such time is not increased (other than by an amount necessary
         to pay fees and expenses, including premiums, related to the
         refinancing, refunding, extension, renewal or replacement of such
         Indebtedness);

                  (10) easements, rights-of-way, zoning and similar restrictions
         and other similar encumbrances or title defects incurred or imposed, as
         applicable, in the ordinary course of business and consistent with
         industry practices;

                  (11) any interest or title of a lessor under any Capital Lease
         Obligation;

                  (12) Liens securing reimbursement obligations with respect to
         commercial letters of credit which encumber documents and other
         property relating to letters of credit and products and proceeds
         thereof;

                  (13) Liens encumbering deposits made to secure obligations
         arising from statutory, regulatory, contractual or warranty, including
         rights of offset and set-off;

                  (14) Liens securing Hedging Obligations which Hedging
         Obligations relate to Indebtedness that is otherwise permitted under
         this Indenture;

                  (15) leases or subleases granted to others;

                  (16) Liens under licensing agreements;

                  (17) Liens arising from filing Uniform Commercial Code
         financing statements regarding leases;

                  (18) judgment Liens not giving rise to an Event of Default;

                                       13
<PAGE>
                  (19) Liens encumbering property of the Company or a Restricted
         Subsidiary consisting of carriers, warehousemen, mechanics,
         materialmen, repairmen and landlords and other Liens arising by
         operation of law and incurred in the ordinary course of business for
         sums which are not overdue or which are being contested in good faith
         by appropriate proceedings and (if so contested) for which appropriate
         reserves with respect thereto have been established and maintained on
         the books of the Company or a Restricted Subsidiary in accordance with
         GAAP;

                  (20) Liens encumbering property of the Company or a Restricted
         Subsidiary incurred in the ordinary course of business in connection
         with workers' compensation, unemployment insurance, or other forms of
         governmental insurance or benefits, or to secure performance of bids,
         tenders, statutory obligations, leases, and contracts (other than for
         Indebtedness) entered into in the ordinary course of business of the
         Company or a Restricted Subsidiary; and

                  (21) Liens incurred in the ordinary course of business of the
         Company or any Subsidiary of the Company with respect to obligations
         that do not exceed $5.0 million at any one time outstanding.

         "Permitted Refinancing Indebtedness" means any Indebtedness of the
Company or any of its Restricted Subsidiaries issued in exchange for, or the net
proceeds of which are used to extend, refinance, renew, replace, defease or
refund other Indebtedness of the Company or any of its Restricted Subsidiaries
(other than intercompany Indebtedness); provided that:

                  (1) the principal amount (or accreted value, if applicable) of
         such Permitted Refinancing Indebtedness does not exceed the principal
         amount (or accreted value, if applicable) of the Indebtedness extended,
         refinanced, renewed, replaced, defeased or refunded (plus all accrued
         interest on the Indebtedness and the amount of all expenses and
         premiums incurred in connection therewith);

                  (2) such Permitted Refinancing Indebtedness has a final
         maturity date later than the final maturity date of, and has a Weighted
         Average Life to Maturity equal to or greater than the Weighted Average
         Life to Maturity of, the Indebtedness being extended, refinanced,
         renewed, replaced, defeased or refunded;

                  (3) if the Indebtedness being extended, refinanced, renewed,
         replaced, defeased or refunded is subordinated in right of payment to
         the Notes, such Permitted Refinancing Indebtedness has a final maturity
         date later than the final maturity date of, and is subordinated in
         right of payment to, the Notes on terms at least as favorable to the
         Holders of Notes as those contained in the documentation governing the
         Indebtedness being extended, refinanced, renewed, replaced, defeased or
         refunded; and

                  (4) such Indebtedness is incurred either by the Company or by
         the Restricted Subsidiary who is the obligor on the Indebtedness being
         extended, refinanced, renewed, replaced, defeased or refunded.

         "Person" means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization, limited
liability company or government or other entity.

         "Principals" means the members of the Block family.

         "Private Placement Legend" means the legend set forth in Section
2.06(g)(1) to be placed on all Notes issued under this Indenture except where
otherwise permitted by the provisions of this Indenture.

                                       14
<PAGE>
         "Prospectus" means the prospectus included in a Registration Statement,
as amended or supplemented by any prospectus supplement and by all other
amendments thereto, including post-effective amendments, and all material
incorporated by reference into such Prospectus.

         "Qualified Equity Offerings" means, any issuance of Capital Stock
(other than Disqualified Stock) by the Company to any Person or Persons other
than an Affiliate of the Company in a single transaction resulting in gross
proceeds to the Company in excess of $50.0 million.

         "QIB" means a "qualified institutional buyer" as defined in Rule 144A.

         "Registration Rights Agreement" means the Registration Rights
Agreement, dated as of April 18, 2002, among the Company, the Guarantors and the
other parties named on the signature pages thereof, as such agreement may be
amended, modified or supplemented from time to time and, with respect to any,
one or more registration rights agreements among the Company, the Guarantors and
the other parties thereto, as such agreement(s) may be amended, modified or
supplemented from time to time relating to rights given by the Company to the
purchasers of Additional Notes to register such Additional Notes.

         "Registration Statement" means any registration statement of the
Company relating to (a) an offering of Exchange Notes pursuant to an Exchange
Offer or (b) the registration for resale of Transfer Restricted Securities
pursuant to the Shelf Registration Statement, which is filed pursuant to the
provisions of the Registration Rights Agreement, in each case, including the
Prospectus included therein, all amendments and supplements thereto (including
post-effective amendments) and all exhibits and material incorporated by
reference therein.

         "Regulation S" means Regulation S promulgated under the Securities Act.

         "Regulation S Global Note" means a Regulation S Temporary Global Note
or Regulation S Permanent Global Note, as appropriate.

         "Regulation S Permanent Global Note" means a permanent Global Note in
the form of Exhibit A1 hereto bearing the Global Note Legend and the Private
Placement Legend and deposited with or on behalf of and registered in the name
of the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the Regulation S Temporary Global Note upon
expiration of the Restricted Period.

         "Regulation S Temporary Global Note" means a temporary Global Note in
the form of Exhibit A2 hereto deposited with or on behalf of and registered in
the name of the Depositary or its nominee, issued in a denomination equal to the
outstanding principal amount of the Notes initially sold in reliance on Rule 903
of Regulation S.

         "Related Party" means:

                  (1) any controlling stockholder, 80% (or more) owned
         Subsidiary, or immediate family member or legal guardian (in the case
         of an individual) of any Principal; or

                  (2) any trust, corporation, partnership or other entity, the
         beneficiaries, stockholders, partners, owners or Persons beneficially
         holding an 80% or more controlling interest of which consist of any one
         or more Principals and/or such other Persons referred to in the
         immediately preceding clause (1); or

                  (3) the estate of any deceased or incompetent Principal.

         "Representative" means the Indenture Trustee or other trustee, agent or
representative for any Senior Debt.

                                       15
<PAGE>
          "Responsible Officer," when used with respect to the Trustee, means
any officer within the Corporate Trust Administration of the Trustee (or any
successor group of the Trustee) or any other officer of the Trustee customarily
performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter,
any other officer to whom such matter is referred because of his knowledge of
and familiarity with the particular subject.

         "Restricted Global Note" means a Global Note bearing the Private
Placement Legend.

         "Restricted Investment" means an Investment other than a Permitted
Investment.

         "Restricted Period" means the 40-day distribution compliance period as
defined in Regulation S.

         "Restricted Subsidiary" of a Person means any Subsidiary of the
referent Person that is not an Unrestricted Subsidiary.

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

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

         "Rule 903" means Rule 903 promulgated under the Securities Act.

         "Rule 904" means Rule 904 promulgated the Securities Act.

          "Securities Act" means the Securities Act of 1933, as amended.

         "Senior Debt" means:

                  (1) all Indebtedness of the Company or any Guarantor
         outstanding under Credit Facilities and all Hedging Obligations with
         respect thereto;

                  (2) any other Indebtedness of the Company or any Guarantor
         permitted to be incurred under the terms of this Indenture, unless the
         instrument under which such Indebtedness is incurred expressly provides
         that it is on a parity with or subordinated in right of payment to the
         notes or any Subsidiary Guarantee; and

                  (3) all Obligations with respect to the items listed in the
         preceding clauses (1) and (2).

         Notwithstanding anything to the contrary in the preceding, Senior Debt
will not include:

                  (1) any liability for federal, state, local or other taxes
         owed or owing by the Company;

                  (2) any intercompany Indebtedness of the Company or any of its
         Subsidiaries to the Company or any of its Affiliates;

                  (3) any trade payables; or

                  (4) the portion of any Indebtedness that is incurred in
         violation of this Indenture.

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

         "Stated Maturity" means, with respect to any installment of interest or
principal on any series of Indebtedness, the date on which the payment of
interest or principal was scheduled to be paid in the original documentation
governing such Indebtedness, and shall not include any contingent obligations to

                                       16
<PAGE>
repay, redeem or repurchase any such interest or principal prior to the date
originally scheduled for the payment thereof.

         "Subsidiary" means, with respect to any specified Person:

                  (1) any corporation, association or other business entity of
         which more than 50% of the total voting power of shares of Capital
         Stock entitled (without regard to the occurrence of any contingency) to
         vote in the election of directors, managers or trustees of the
         corporation, association or other business entity is at the time owned
         or controlled, directly or indirectly, by that Person or one or more of
         the other Subsidiaries of that Person (or a combination thereof); and

                  (2) any partnership (a) the sole general partner or the
         managing general partner of which is such Person or a Subsidiary of
         such Person or (b) the only general partners of which are that Person
         or one or more Subsidiaries of that Person (or any combination
         thereof).

         "Subsidiary Guarantee" means, the Guarantee by each Guarantor of the
Company's payment obligations under this Indenture and the Notes, executed
pursuant to the terms of this Indenture.

         "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. Sections
77aaa-77bbbb) as in effect on the date on which this Indenture is qualified
under the TIA.

         "Transfer Restricted Securities" means the Transfer Restricted
Securities as defined in the Registration Rights Agreement.

         "Trustee" means the party named as such in the preamble to this
Indenture until a successor replaces it in accordance with the applicable
provisions of this Indenture and thereafter means the successor serving
hereunder.

         "Unrestricted Global Note" means a permanent global Note substantially
in the form of Exhibit A1 attached hereto that bears the Global Note Legend and
that has the "Schedule of Exchanges of Interests in the Global Note" attached
thereto, and that is deposited with or on behalf of and registered in the name
of the Depositary, representing a series of Notes that do not bear the Private
Placement Legend.

         "Unrestricted Definitive Note" means one or more Definitive Notes that
do not bear and are not required to bear the Private Placement Legend.

         "Unrestricted Subsidiary" means any Subsidiary of the Company that is
designated by the Board of Directors as an Unrestricted Subsidiary pursuant to a
Board Resolution, but only to the extent that such Subsidiary:

                  (1) has no Indebtedness other than Non-Recourse Debt;

                  (2) is not party to any agreement, contract, arrangement or
         understanding with the Company or any Restricted Subsidiary of the
         Company unless the terms of any such agreement, contract, arrangement
         or understanding are no less favorable to the Company or such
         Restricted Subsidiary than those that might be obtained at the time
         from Persons who are not Affiliates of the Company;

                  (3) is a Person with respect to which neither the Company nor
         any of its Restricted Subsidiaries has any direct or indirect
         obligation (a) to subscribe for additional Equity Interests or (b) to
         maintain or preserve such Person's financial condition or to cause such
         Person to achieve any specified levels of operating results;

                  (4) has not guaranteed or otherwise directly or indirectly
         provided credit support for any

                                       17
<PAGE>
         Indebtedness of the Company or any of its Restricted Subsidiaries; and

                  (5) has at least one director on its Board of Directors that
         is not a director or executive officer of the Company or any of its
         Restricted Subsidiaries and has at least one executive officer that is
         not a director or executive officer of the Company or any of its
         Restricted Subsidiaries.

         Any designation of a Subsidiary of the Company as an Unrestricted
Subsidiary shall be evidenced to the Trustee by filing with the Trustee a
certified copy of the Board Resolution giving effect to such designation and an
Officers' Certificate certifying that such designation complied with the
preceding conditions and was permitted by Section 4.07. If, at any time, any
Unrestricted Subsidiary would fail to meet the preceding requirements as an
Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted
Subsidiary for purposes of this Indenture and any Indebtedness of such
Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the
Company as of such date and, if such Indebtedness is not permitted to be
incurred as of such date under Section 4.09, the Company shall be in default of
such covenant. The Board of Directors of the Company may at any time designate
any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such
designation shall be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted
Subsidiary and such designation shall only be permitted if (1) such Indebtedness
is permitted under the covenant described under Section 4.09, calculated on a
pro forma basis as if such designation had occurred at the beginning of the
four-quarter reference period; and (2) no Default or Event of Default would be
in existence following such designation.

         "U.S. Person" means a U.S. Person as defined in Rule 902(o) under the
Securities Act.

         "Voting Stock" of any Person as of any date means the Capital Stock of
such Person that is at the time entitled to vote in the election of the Board of
Directors of such Person.

         "Weighted Average Life to Maturity" means, when applied to any
Indebtedness at any date, the number of years obtained by dividing:

                  (1) the sum of the products obtained by multiplying (a) the
         amount of each then remaining installment, sinking fund, serial
         maturity or other required payments of principal, including payment at
         final maturity, in respect of the Indebtedness, by (b) the number of
         years (calculated to the nearest one-twelfth) that will elapse between
         such date and the making of such payment; by

                  (2) the then outstanding principal amount of such
         Indebtedness.

Section 1.02 Other Definitions.

<TABLE>
<CAPTION>
                                                                     Defined in
        Term                                                           Section
        ----                                                           -------
<S>                                                                  <C>
        "Affiliate Transaction"..................................       4.11
        "Asset Sale Offer".......................................       3.09
        "Authentication Order"...................................       2.02
        "Change of Control Offer"................................       4.15
        "Change of Control Payment"..............................       4.15
        "Change of Control Payment Date".........................       4.15
        "Covenant Defeasance"....................................       8.03
        "DTC"....................................................       2.03
        "Event of Default".......................................       6.01
        "Excess Proceeds"........................................       4.10
        "incur"..................................................       4.09
</TABLE>

                                       18
<PAGE>
<TABLE>
<CAPTION>
                                                                     Defined in
        Term                                                           Section
        ----                                                           -------
<S>                                                                  <C>
        "Legal Defeasance".......................................       8.02
        "Offer Amount"...........................................       3.09
        "Offer Period"...........................................       3.09
        "Paying Agent"...........................................       2.03
        "Permitted Debt".........................................       4.09
        "Purchase Date"..........................................       3.09
        "Registrar"..............................................       2.03
        "Restricted Payments"....................................       4.07
</TABLE>

Section 1.03 Incorporation by Reference of Trust Indenture Act.

         Whenever this Indenture refers to a provision of the TIA, the provision
is incorporated by reference in and made a part of this Indenture.

         The following TIA terms used in this Indenture have the following
meanings:

         "indenture securities" means the Notes;

         "indenture security Holder" means a Holder of a Note;

         "indenture to be qualified" means this Indenture;

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

         "obligor" on the Notes and the Subsidiary Guarantees means the Company
and the Guarantors, respectively, and any successor obligor upon the Notes and
the Subsidiary Guarantees, respectively.

         All other terms used in this Indenture that are defined by the TIA,
defined by TIA reference to another statute or defined by Commission rule under
the TIA have the meanings so assigned to them.

Section 1.04 Rules of Construction.

         Unless the context otherwise requires:

                  (1) a term has the meaning assigned to it;

                  (2) an accounting term not otherwise defined has the meaning
         assigned to it in accordance with GAAP;

                  (3) "or" is not exclusive;

                  (4) words in the singular include the plural, and in the
         plural include the singular;

                  (5) "will" shall be interpreted to express a command;

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

                  (7) references to sections of or rules under the Securities
         Act will be deemed to include substitute, replacement of successor
         sections or rules adopted by the Commission from time to time.

                                       19
<PAGE>
                                   ARTICLE 2.
                                    THE NOTES

Section 2.01 Form and Dating.

         (a) General. The Notes and the Trustee's certificate of authentication
will be substantially in the form of Exhibit A1 hereto. The Notes may have
notations, legends or endorsements required by law, stock exchange rule or
usage. Each Note will be dated the date of its authentication. The Notes shall
be in denominations of $1,000 and integral multiples thereof.

         The terms and provisions contained in the Notes will constitute, and
are hereby expressly made, a part of this Indenture and the Company, the
Guarantors and the Trustee, by their execution and delivery of this Indenture,
expressly agree to such terms and provisions and to be bound thereby. However,
to the extent any provision of any Note conflicts with the express provisions of
this Indenture, the provisions of this Indenture shall govern and be
controlling.

         (b) Global Notes. Notes issued in global form will be substantially in
the form of Exhibits A1 or A2 attached hereto (including the Global Note Legend
thereon and the "Schedule of Exchanges of Interests in the Global Note" attached
thereto). Notes issued in definitive form will be substantially in the form of
Exhibit A1 attached hereto (but without the Global Note Legend thereon and
without the "Schedule of Exchanges of Interests in the Global Note" attached
thereto). Each Global Note will represent such of the outstanding Notes as will
be specified therein and each shall provide that it represents the aggregate
principal amount of outstanding Notes from time to time endorsed thereon and
that the aggregate principal amount of outstanding Notes represented thereby may
from time to time be reduced or increased, as appropriate, to reflect exchanges
and redemptions. Any endorsement of a Global Note to reflect the amount of any
increase or decrease in the aggregate principal amount of outstanding Notes
represented thereby will be made by the Trustee or the Custodian, at the
direction of the Trustee, in accordance with instructions given by the Holder
thereof as required by Section 2.06 hereof.

         (c) Temporary Global Notes. Notes offered and sold in reliance on
Regulation S will be issued initially in the form of the Regulation S Temporary
Global Note, which will be deposited on behalf of the purchasers of the Notes
represented thereby with the Trustee, at its New York office, as custodian for
the Depositary, and registered in the name of the Depositary or the nominee of
the Depositary for the accounts of designated agents holding on behalf of
Euroclear or Clearstream Bank, duly executed by the Company and authenticated by
the Trustee as hereinafter provided. The Restricted Period will be terminated
upon the receipt by the Trustee of:

                  (1) a written certificate from the Depositary, together with
         copies of certificates from Euroclear and Clearstream Bank certifying
         that they have received certification of non-United States beneficial
         ownership of 100% of the aggregate principal amount of the Regulation S
         Temporary Global Note (except to the extent of any beneficial owners
         thereof who acquired an interest therein during the Restricted Period
         pursuant to another exemption from registration under the Securities
         Act and who will take delivery of a beneficial ownership interest in a
         144A Global Note or an IAI Global Note bearing a Private Placement
         Legend, all as contemplated by Section 2.06(b) hereof); and

                  (2) an Officers' Certificate from the Company.

         Following the termination of the Restricted Period, beneficial
interests in the Regulation S Temporary Global Note will be exchanged for
beneficial interests in Regulation S Permanent Global Notes pursuant to the
Applicable Procedures. Simultaneously with the authentication of Regulation S
Permanent Global Notes, the Trustee will cancel the Regulation S Temporary
Global Note. The aggregate principal amount of the Regulation S Temporary Global
Note and the Regulation S Permanent

                                       20
<PAGE>
Global Notes may from time to time be increased or decreased by adjustments made
on the records of the Trustee and the Depositary or its nominee, as the case may
be, in connection with transfers of interest as hereinafter provided.

                  (3) Euroclear and Clearstream Procedures Applicable. The
         provisions of the "Operating Procedures of the Euroclear System" and
         "Terms and Conditions Governing Use of Euroclear" and the "General
         Terms and Conditions of Clearstream Banking" and "Customer Handbook" of
         Clearstream will be applicable to transfers of beneficial interests in
         the Regulation S Temporary Global Note and the Regulation S Permanent
         Global Notes that are held by Participants through Euroclear or
         Clearstream.

Section 2.02 Execution and Authentication.

         Two Officers must sign the Notes for the Company by manual or facsimile
signature.

         If an Officer whose signature is on a Note no longer holds that office
at the time a Note is authenticated, the Note will nevertheless be valid.

         A Note will not be valid until authenticated by the manual signature of
the Trustee. The signature will be conclusive evidence that the Note has been
authenticated under this Indenture.

         The Trustee will, upon receipt of a written order of the Company signed
by two Officers (an "Authentication Order"), authenticate Notes for original
issue up to the aggregate principal amount set forth in such Authentication
Order. The aggregate principal amount of Notes outstanding at any time may not
exceed the aggregate amount of Notes authenticated for original issue pursuant
to all Authentication Orders issued by the Company, except as provided in
Section 2.07 hereof.

         The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Notes. An authenticating agent may authenticate Notes
whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes authentication by such agent. An
authenticating agent has the same rights as an Agent to deal with Holders or an
Affiliate of the Company.

Section 2.03 Registrar and Paying Agent.

         The Company will maintain an office or agency where Notes may be
presented for registration of transfer or for exchange ("Registrar") and an
office or agency where Notes may be presented for payment ("Paying Agent"). The
Registrar will keep a register of the Notes and of their transfer and exchange.
The Company may appoint one or more co-registrars and one or more additional
paying agents. The term "Registrar" includes any co-registrar and the term
"Paying Agent" includes any additional paying agent. The Company may change any
Paying Agent or Registrar without notice to any Holder. The Company will notify
the Trustee in writing of the name and address of any Agent not a party to this
Indenture. If the Company fails to appoint or maintain another entity as
Registrar or Paying Agent, the Trustee shall act as such. The Company or any of
its Subsidiaries may act as Paying Agent or Registrar.

         The Company initially appoints The Depository Trust Company ("DTC") to
act as Depositary with respect to the Global Notes.

         The Company initially appoints the Trustee to act as the Registrar and
Paying Agent and to act as Custodian with respect to the Global Notes.

                                       21
<PAGE>
Section 2.04 Paying Agent to Hold Money in Trust.

         The Company will require each Paying Agent other than the Trustee to
agree in writing that the Paying Agent will hold in trust for the benefit of
Holders or the Trustee all money held by the Paying Agent for the payment of
principal, premium or Additional Interest, if any, or interest on the Notes, and
will notify the Trustee of any default by the Company in making any such
payment. While any such default continues, the Trustee may require a Paying
Agent to pay all money held by it to the Trustee. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee. Upon payment
over to the Trustee, the Paying Agent (if other than the Company or a
Subsidiary) will have no further liability for the money. If the Company or a
Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust
fund for the benefit of the Holders all money held by it as Paying Agent. Upon
any bankruptcy or reorganization proceedings relating to the Company, the
Trustee will serve as Paying Agent for the Notes.

Section 2.05 Holder Lists.

         The Trustee will preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA Section 312(a). If the Trustee
is not the Registrar, the Company will furnish to the Trustee at least seven
Business Days before each interest payment date and at such other times as the
Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of the Holders of
Notes and the Company shall otherwise comply with TIA Section 312(a).

Section 2.06 Transfer and Exchange.

         (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred as a whole except by the Depositary to a nominee of the Depositary,
by a nominee of the Depositary to the Depositary or to another nominee of the
Depositary, or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary. All Global Notes will be exchanged by
the Company for Definitive Notes if:

                  (1) the Company delivers to the Trustee notice from the
         Depositary that it is unwilling or unable to continue to act as
         Depositary or that it is no longer a clearing agency registered under
         the Exchange Act and, in either case, a successor Depositary is not
         appointed by the Company within 120 days after the date of such notice
         from the Depositary; or

                  (2) the Company in its sole discretion determines that the
         Global Notes (in whole but not in part) should be exchanged for
         Definitive Notes and delivers a written notice to such effect to the
         Trustee; provided that in no event shall the Regulation S Temporary
         Global Note be exchanged by the Company for Definitive Notes prior to
         (x) the expiration of the Restricted Period and (y) the receipt by the
         Registrar of any certificates required pursuant to Rule
         903(b)(3)(ii)(B) under the Securities Act.

         Upon the occurrence of either of the preceding events in (1) or (2)
above, Definitive Notes shall be issued in such names as the Depositary shall
instruct the Trustee. Global Notes also may be exchanged or replaced, in whole
or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note
authenticated and delivered in exchange for, or in lieu of, a Global Note or any
portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof,
shall be authenticated and delivered in the form of, and shall be, a Global
Note. A Global Note may not be exchanged for another Note other than as provided
in this Section 2.06(a), however, beneficial interests in a Global Note may be
transferred and exchanged as provided in Section 2.06(b), (c) or (f) hereof.

                                       22
<PAGE>
         (b) Transfer and Exchange of Beneficial Interests in the Global Notes.
The transfer and exchange of beneficial interests in the Global Notes will be
effected through the Depositary, in accordance with the provisions of this
Indenture and the Applicable Procedures. Beneficial interests in the Restricted
Global Notes will be subject to restrictions on transfer comparable to those set
forth herein to the extent required by the Securities Act. Transfers of
beneficial interests in the Global Notes also will require compliance with
either subparagraph (1) or (2) below, as applicable, as well as one or more of
the other following subparagraphs, as applicable:

                  (1) Transfer of Beneficial Interests in the Same Global Note.
         Beneficial interests in any Restricted Global Note may be transferred
         to Persons who take delivery thereof in the form of a beneficial
         interest in the same Restricted Global Note in accordance with the
         transfer restrictions set forth in the Private Placement Legend;
         provided, however, that prior to the expiration of the Restricted
         Period, transfers of beneficial interests in the Regulation S Temporary
         Global Note may not be made to a U.S. Person or for the account or
         benefit of a U.S. Person (other than an Initial Purchaser). Beneficial
         interests in any Unrestricted Global Note may be transferred to Persons
         who take delivery thereof in the form of a beneficial interest in an
         Unrestricted Global Note. No written orders or instructions shall be
         required to be delivered to the Registrar to effect the transfers
         described in this Section 2.06(b)(1).

                  (2) All Other Transfers and Exchanges of Beneficial Interests
         in Global Notes. In connection with all transfers and exchanges of
         beneficial interests that are not subject to Section 2.06(b)(1) above,
         the transferor of such beneficial interest must deliver to the
         Registrar either:

                           (A) both:

                                    (i) a written order from a Participant or an
                           Indirect Participant given to the Depositary in
                           accordance with the Applicable Procedures directing
                           the Depositary to credit or cause to be credited a
                           beneficial interest in another Global Note in an
                           amount equal to the beneficial interest to be
                           transferred or exchanged; and

                                    (ii) instructions given in accordance with
                           the Applicable Procedures containing information
                           regarding the Participant account to be credited with
                           such increase; or

                           (B) both:

                                    (i) a written order from a Participant or an
                           Indirect Participant given to the Depositary in
                           accordance with the Applicable Procedures directing
                           the Depositary to cause to be issued a Definitive
                           Note in an amount equal to the beneficial interest to
                           be transferred or exchanged; and

                                    (ii) instructions given by the Depositary to
                           the Registrar containing information regarding the
                           Person in whose name such Definitive Note shall be
                           registered to effect the transfer or exchange
                           referred to in (1) above; provided that in no event
                           shall Definitive Notes be issued upon the transfer or
                           exchange of beneficial interests in the Regulation S
                           Temporary Global Note prior to (A) the expiration of
                           the Restricted Period and (B) the receipt by the
                           Registrar of any certificates required pursuant to
                           Rule 903 under the Securities Act. Upon consummation
                           of an Exchange Offer by the Company in accordance
                           with Section 2.06(f) hereof, the requirements of this
                           Section 2.06(b)(2) shall be deemed to have been
                           satisfied upon receipt by the Registrar of the
                           instructions contained in the Letter of Transmittal
                           delivered by the Holder of such beneficial interests
                           in

                                       23
<PAGE>
                           the Restricted Global Notes. Upon satisfaction of all
                           of the requirements for transfer or exchange of
                           beneficial interests in Global Notes contained in
                           this Indenture and the Notes or otherwise applicable
                           under the Securities Act, the Trustee shall adjust
                           the principal amount of the relevant Global Note(s)
                           pursuant to Section 2.06(h) hereof.

                  (3) Transfer of Beneficial Interests to Another Restricted
         Global Note. A beneficial interest in any Restricted Global Note may be
         transferred to a Person who takes delivery thereof in the form of a
         beneficial interest in another Restricted Global Note if the transfer
         complies with the requirements of Section 2.06(b)(2) above and the
         Registrar receives the following:

                           (A) if the transferee will take delivery in the form
                  of a beneficial interest in the 144A Global Note, then the
                  transferor must deliver a certificate in the form of Exhibit B
                  hereto, including the certifications in item (1) thereof;

                           (B) if the transferee will take delivery in the form
                  of a beneficial interest in the Regulation S Temporary Global
                  Note or the Regulation S Permanent Global Note, then the
                  transferor must deliver a certificate in the form of Exhibit B
                  hereto, including the certifications in item (2) thereof; and

                           (C) if the transferee will take delivery in the form
                  of a beneficial interest in the IAI Global Note, then the
                  transferor must deliver a certificate in the form of Exhibit B
                  hereto, including the certifications, certificates and Opinion
                  of Counsel required by item (3) thereof, if applicable.

                  (4) Transfer and Exchange of Beneficial Interests in a
         Restricted Global Note for Beneficial Interests in an Unrestricted
         Global Note. A beneficial interest in any Restricted Global Note may be
         exchanged by any holder thereof for a beneficial interest in an
         Unrestricted Global Note or transferred to a Person who takes delivery
         thereof in the form of a beneficial interest in an Unrestricted Global
         Note if the exchange or transfer complies with the requirements of
         Section 2.06(b)(2) above and:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the holder of the beneficial interest to be
                  transferred, in the case of an exchange, or the transferee, in
                  the case of a transfer, certifies in the applicable Letter of
                  Transmittal that it is not (i) a Broker-Dealer, (ii) a Person
                  participating in the distribution of the Exchange Notes or
                  (iii) a Person who is an affiliate (as defined in Rule 144) of
                  the Company;

                           (B) such transfer is effected pursuant to the Shelf
                  Registration Statement in accordance with the Registration
                  Rights Agreement;

                           (C) such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (i) if the holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           exchange such beneficial interest for a beneficial
                           interest in an Unrestricted Global Note, a
                           certificate from such holder in the form of Exhibit C
                           hereto, including the certifications in item (1)(a)
                           thereof; or

                                       24
<PAGE>
                                    (ii) if the holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           transfer such beneficial interest to a Person who
                           shall take delivery thereof in the form of a
                           beneficial interest in an Unrestricted Global Note, a
                           certificate from such holder in the form of Exhibit B
                           hereto, including the certifications in item (4)
                           thereof;

                  and, in each such case set forth in this subparagraph (D), if
                  the Registrar so requests or if the Applicable Procedures so
                  require, an Opinion of Counsel in form reasonably acceptable
                  to the Registrar to the effect that such exchange or transfer
                  is in compliance with the Securities Act and that the
                  restrictions on transfer contained herein and in the Private
                  Placement Legend are no longer required in order to maintain
                  compliance with the Securities Act.

         If any such transfer is effected pursuant to subparagraph (B) or (D)
above at a time when an Unrestricted Global Note has not yet been issued, the
Company shall issue and, upon receipt of an Authentication Order in accordance
with Section 2.02 hereof, the Trustee shall authenticate one or more
Unrestricted Global Notes in an aggregate principal amount equal to the
aggregate principal amount of beneficial interests transferred pursuant to
subparagraph (B) or (D) above.

         Beneficial interests in an Unrestricted Global Note cannot be exchanged
for, or transferred to Persons who take delivery thereof in the form of, a
beneficial interest in a Restricted Global Note.

         (c) Transfer or Exchange of Beneficial Interests for Definitive Notes.

                  (1) Beneficial Interests in Restricted Global Notes to
         Restricted Definitive Notes. If any holder of a beneficial interest in
         a Restricted Global Note proposes to exchange such beneficial interest
         for a Restricted Definitive Note or to transfer such beneficial
         interest to a Person who takes delivery thereof in the form of a
         Restricted Definitive Note, then, upon receipt by the Registrar of the
         following documentation:

                           (A) if the holder of such beneficial interest in a
                  Restricted Global Note proposes to exchange such beneficial
                  interest for a Restricted Definitive Note, a certificate from
                  such holder in the form of Exhibit C hereto, including the
                  certifications in item (2)(a) thereof;

                           (B) if such beneficial interest is being transferred
                  to a QIB in accordance with Rule 144A, a certificate to the
                  effect set forth in Exhibit B hereto, including the
                  certifications in item (1) thereof;

                           (C) if such beneficial interest is being transferred
                  to a Non-U.S. Person in an offshore transaction in accordance
                  with Rule 903 or Rule 904, a certificate to the effect set
                  forth in Exhibit B hereto, including the certifications in
                  item (2) thereof;

                           (D) if such beneficial interest is being transferred
                  pursuant to an exemption from the registration requirements of
                  the Securities Act in accordance with Rule 144, a certificate
                  to the effect set forth in Exhibit B hereto, including the
                  certifications in item (3)(a) thereof;

                           (E) if such beneficial interest is being transferred
                  to an Institutional Accredited Investor in reliance on an
                  exemption from the registration requirements of the Securities
                  Act other than those listed in subparagraphs (B) through (D)
                  above, a certificate to the effect set forth in Exhibit B
                  hereto, including the certifications, certificates and Opinion
                  of Counsel required by item (3) thereof, if applicable; or

                                       25
<PAGE>
                           (F) if such beneficial interest is being transferred
                  to the Company or any of its Subsidiaries, a certificate to
                  the effect set forth in Exhibit B hereto, including the
                  certifications in item (3)(b) thereof,

the Trustee shall cause the aggregate principal amount of the applicable Global
Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the
Company shall execute and the Trustee shall authenticate and deliver to the
Person designated in the instructions a Definitive Note in the appropriate
principal amount. Any Restricted Definitive Note issued in exchange for a
beneficial interest in a Restricted Global Note pursuant to this Section
2.06(c)(1) shall be registered in such name or names and in such authorized
denomination or denominations as the holder of such beneficial interest shall
instruct the Registrar through instructions from the Depositary and the
Participant or Indirect Participant. The Trustee shall deliver such Restricted
Definitive Notes to the Persons in whose names such Notes are so registered. Any
Restricted Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the
Private Placement Legend and shall be subject to all restrictions on transfer
contained therein.

                  (2) Beneficial Interests in Regulation S Temporary Global Note
         to Definitive Notes. Notwithstanding Sections 2.06(c)(1)(A) and (C)
         hereof, a beneficial interest in the Regulation S Temporary Global Note
         may not be exchanged for a Definitive Note or transferred to a Person
         who takes delivery thereof in the form of a Definitive Note prior to
         (A) the expiration of the Restricted Period and (B) the receipt by the
         Registrar of any certificates required pursuant to Rule
         903(b)(3)(ii)(B) under the Securities Act, except in the case of a
         transfer pursuant to an exemption from the registration requirements of
         the Securities Act other than Rule 903 or Rule 904.

                  (3) Beneficial Interests in Restricted Global Notes to
         Unrestricted Definitive Notes. A holder of a beneficial interest in a
         Restricted Global Note may exchange such beneficial interest for an
         Unrestricted Definitive Note or may transfer such beneficial interest
         to a Person who takes delivery thereof in the form of an Unrestricted
         Definitive Note only if:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the holder of such beneficial interest, in the
                  case of an exchange, or the transferee, in the case of a
                  transfer, certifies in the applicable Letter of Transmittal
                  that it is not (i) a Broker-Dealer, (ii) a Person
                  participating in the distribution of the Exchange Notes or
                  (iii) a Person who is an affiliate (as defined in Rule 144) of
                  the Company;

                           (B) such transfer is effected pursuant to the Shelf
                  Registration Statement in accordance with the Registration
                  Rights Agreement;

                           (C) such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (i) if the holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           exchange such beneficial interest for a Definitive
                           Note that does not bear the Private Placement Legend,
                           a certificate from such holder in the form of Exhibit
                           C hereto, including the certifications in item (1)(b)
                           thereof; or

                                    (ii) if the holder of such beneficial
                           interest in a Restricted Global Note proposes to
                           transfer such beneficial interest to a Person who
                           shall take delivery thereof in the form of a
                           Definitive Note that does not bear the Private

                                       26
<PAGE>
                           Placement Legend, a certificate from such holder in
                           the form of Exhibit B hereto, including the
                           certifications in item (4) thereof;

                  and, in each such case set forth in this subparagraph (D), if
                  the Registrar so requests or if the Applicable Procedures so
                  require, an Opinion of Counsel in form reasonably acceptable
                  to the Registrar to the effect that such exchange or transfer
                  is in compliance with the Securities Act and that the
                  restrictions on transfer contained herein and in the Private
                  Placement Legend are no longer required in order to maintain
                  compliance with the Securities Act.

                  (4) Beneficial Interests in Unrestricted Global Notes to
         Unrestricted Definitive Notes. If any holder of a beneficial interest
         in an Unrestricted Global Note proposes to exchange such beneficial
         interest for a Definitive Note or to transfer such beneficial interest
         to a Person who takes delivery thereof in the form of a Definitive
         Note, then, upon satisfaction of the conditions set forth in Section
         2.06(b)(2) hereof, the Trustee will cause the aggregate principal
         amount of the applicable Global Note to be reduced accordingly pursuant
         to Section 2.06(h) hereof, and the Company will execute and the Trustee
         will authenticate and deliver to the Person designated in the
         instructions a Definitive Note in the appropriate principal amount. Any
         Definitive Note issued in exchange for a beneficial interest pursuant
         to this Section 2.06(c)(4) will be registered in such name or names and
         in such authorized denomination or denominations as the holder of such
         beneficial interest requests through instructions to the Registrar from
         or through the Depositary and the Participant or Indirect Participant.
         The Trustee will deliver such Definitive Notes to the Persons in whose
         names such Notes are so registered. Any Definitive Note issued in
         exchange for a beneficial interest pursuant to this Section 2.06(c)(4)
         will not bear the Private Placement Legend.

         (d) Transfer and Exchange of Definitive Notes for Beneficial Interests.

                  (1) Restricted Definitive Notes to Beneficial Interests in
         Restricted Global Notes. If any Holder of a Restricted Definitive Note
         proposes to exchange such Note for a beneficial interest in a
         Restricted Global Note or to transfer such Restricted Definitive Notes
         to a Person who takes delivery thereof in the form of a beneficial
         interest in a Restricted Global Note, then, upon receipt by the
         Registrar of the following documentation:

                           (A) if the Holder of such Restricted Definitive Note
                  proposes to exchange such Note for a beneficial interest in a
                  Restricted Global Note, a certificate from such Holder in the
                  form of Exhibit C hereto, including the certifications in item
                  (2)(b) thereof;

                           (B) if such Restricted Definitive Note is being
                  transferred to a QIB in accordance with Rule 144A, a
                  certificate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (1) thereof;

                           (C) if such Restricted Definitive Note is being
                  transferred to a Non-U.S. Person in an offshore transaction in
                  accordance with Rule 903 or Rule 904, a certificate to the
                  effect set forth in Exhibit B hereto, including the
                  certifications in item (2) thereof;

                           (D) if such Restricted Definitive Note is being
                  transferred pursuant to an exemption from the registration
                  requirements of the Securities Act in accordance with Rule
                  144, a certificate to the effect set forth in Exhibit B
                  hereto, including the certifications in item (3)(a) thereof;

                           (E) if such Restricted Definitive Note is being
                  transferred to an Institutional Accredited Investor in
                  reliance on an exemption from the registration requirements
                  of the

                                       27
<PAGE>
                  Securities Act other than those listed in subparagraphs (B)
                  through (D) above, a certificate to the effect set forth in
                  Exhibit B hereto, including the certifications, certificates
                  and Opinion of Counsel required by item (3) thereof, if
                  applicable;

                           (F) if such Restricted Definitive Note is being
                  transferred to the Company or any of its Subsidiaries, a
                  certificate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (3)(b) thereof; or

                           (G) if such Restricted Definitive Note is being
                  transferred pursuant to an effective registration statement
                  under the Securities Act, a certificate to the effect set
                  forth in Exhibit B hereto, including the certifications in
                  item (3)(c) thereof,

                  the Trustee will cancel the Restricted Definitive Note,
                  increase or cause to be increased the aggregate principal
                  amount of, in the case of clause (A) above, the appropriate
                  Restricted Global Note, in the case of clause (B) above, the
                  144A Global Note, in the case of clause (C) above, the
                  Regulation S Global Note, and in all other cases, the IAI
                  Global Note.

                  (2) Restricted Definitive Notes to Beneficial Interests in
         Unrestricted Global Notes. A Holder of a Restricted Definitive Note may
         exchange such Note for a beneficial interest in an Unrestricted Global
         Note or transfer such Restricted Definitive Note to a Person who takes
         delivery thereof in the form of a beneficial interest in an
         Unrestricted Global Note only if:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the Holder, in the case of an exchange, or the
                  transferee, in the case of a transfer, certifies in the
                  applicable Letter of Transmittal that it is not (i) a
                  Broker-Dealer, (ii) a Person participating in the distribution
                  of the Exchange Notes or (iii) a Person who is an affiliate
                  (as defined in Rule 144) of the Company;

                           (B) such transfer is effected pursuant to the Shelf
                  Registration Statement in accordance with the Registration
                  Rights Agreement;

                           (C) such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (i) if the Holder of such Definitive Notes
                           proposes to exchange such Notes for a beneficial
                           interest in the Unrestricted Global Note, a
                           certificate from such Holder in the form of Exhibit C
                           hereto, including the certifications in item (1)(c)
                           thereof; or

                                    (ii) if the Holder of such Definitive Notes
                           proposes to transfer such Notes to a Person who shall
                           take delivery thereof in the form of a beneficial
                           interest in the Unrestricted Global Note, a
                           certificate from such Holder in the form of Exhibit B
                           hereto, including the certifications in item (4)
                           thereof;

                  and, in each such case set forth in this subparagraph (D), if
                  the Registrar so requests or if the Applicable Procedures so
                  require, an Opinion of Counsel in form reasonably acceptable
                  to the Registrar to the effect that such exchange or transfer
                  is in compliance with the Securities Act and that the
                  restrictions on transfer contained herein and in the

                                       28
<PAGE>
                  Private Placement Legend are no longer required in order to
                  maintain compliance with the Securities Act.

                  Upon satisfaction of the conditions of any of the
         subparagraphs in this Section 2.06(d)(2), the Trustee will cancel the
         Definitive Notes and increase or cause to be increased the aggregate
         principal amount of the Unrestricted Global Note.

                  (3) Unrestricted Definitive Notes to Beneficial Interests in
         Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note
         may exchange such Note for a beneficial interest in an Unrestricted
         Global Note or transfer such Definitive Notes to a Person who takes
         delivery thereof in the form of a beneficial interest in an
         Unrestricted Global Note at any time. Upon receipt of a request for
         such an exchange or transfer, the Trustee will cancel the applicable
         Unrestricted Definitive Note and increase or cause to be increased the
         aggregate principal amount of one of the Unrestricted Global Notes.

                  If any such exchange or transfer from a Definitive Note to a
         beneficial interest is effected pursuant to subparagraphs (2)(B),
         (2)(D) or (3) above at a time when an Unrestricted Global Note has not
         yet been issued, the Company will issue and, upon receipt of an
         Authentication Order in accordance with Section 2.02 hereof, the
         Trustee will authenticate one or more Unrestricted Global Notes in an
         aggregate principal amount equal to the principal amount of Definitive
         Notes so transferred.

         (e) Transfer and Exchange of Definitive Notes for Definitive Notes.
Upon request by a Holder of Definitive Notes and such Holder's compliance with
the provisions of this Section 2.06(e), the Registrar will register the transfer
or exchange of Definitive Notes. Prior to such registration of transfer or
exchange, the requesting Holder must present or surrender to the Registrar the
Definitive Notes duly endorsed or accompanied by a written instruction of
transfer in form satisfactory to the Registrar duly executed by such Holder or
by its attorney, duly authorized in writing. In addition, the requesting Holder
must provide any additional certifications, documents and information, as
applicable, required pursuant to the following provisions of this Section
2.06(e).

                  (1) Restricted Definitive Notes to Restricted Definitive
         Notes. Any Restricted Definitive Note may be transferred to and
         registered in the name of Persons who take delivery thereof in the form
         of a Restricted Definitive Note if the Registrar receives the
         following:

                           (A) if such Restricted Definitive Note is being
                  transferred to a QIB in accordance with Rule 144A under the
                  Securities Act, then the transferor must deliver a certificate
                  in the form of Exhibit B hereto, including the certifications
                  in item (1) thereof;

                           (B) if such Restricted Definitive Note is being
                  transferred to a Non-U.S. Person in an offshore transaction in
                  accordance with Rule 903 or Rule 904, then the transferor must
                  deliver a certificate in the form of Exhibit B hereto,
                  including the certifications in item (2) thereof; and

                           (C) if such Restricted Definitive Note is being
                  transferred pursuant to an exemption from the registration
                  requirements of the Securities Act in accordance with Rule
                  144, a certificate to the effect set forth in Exhibit B
                  hereto, including the certifications in item (3)(a) thereof;

                           (D) if such Restricted Definitive Note is being
                  transferred to an Institutional Accredited Investor in
                  reliance on an exemption from the registration requirements of
                  the Securities Act other than those listed in subparagraphs
                  (A) through (C) above, a

                                       29
<PAGE>
                  certificate to the effect set forth in Exhibit B hereto,
                  including the certifications, certificates and Opinion of
                  Counsel required by item (3) thereof, if applicable; or

                           (E) if such Restricted Definitive Note is being
                  transferred to the Company or any of its Subsidiaries, a
                  certificate to the effect set forth in Exhibit B hereto,
                  including the certifications in item (3)(b) thereof.

                  (2) Restricted Definitive Notes to Unrestricted Definitive
         Notes. Any Restricted Definitive Note may be exchanged by the Holder
         thereof for an Unrestricted Definitive Note or transferred to a Person
         or Persons who take delivery thereof in the form of an Unrestricted
         Definitive Note if:

                           (A) such exchange or transfer is effected pursuant to
                  the Exchange Offer in accordance with the Registration Rights
                  Agreement and the Holder, in the case of an exchange, or the
                  transferee, in the case of a transfer, certifies in the
                  applicable Letter of Transmittal that it is not (i) a
                  broker-dealer, (ii) a Person participating in the distribution
                  of the Exchange Notes or (iii) a Person who is an affiliate
                  (as defined in Rule 144) of the Company;

                           (B) any such transfer is effected pursuant to the
                  Shelf Registration Statement in accordance with the
                  Registration Rights Agreement;

                           (C) any such transfer is effected by a Broker-Dealer
                  pursuant to the Exchange Offer Registration Statement in
                  accordance with the Registration Rights Agreement; or

                           (D) the Registrar receives the following:

                                    (i) if the Holder of such Restricted
                           Definitive Notes proposes to exchange such Notes for
                           an Unrestricted Definitive Note, a certificate from
                           such Holder in the form of Exhibit C hereto,
                           including the certifications in item (1)(d) thereof;
                           or

                                    (ii) if the Holder of such Restricted
                           Definitive Notes proposes to transfer such Notes to a
                           Person who shall take delivery thereof in the form of
                           an Unrestricted Definitive Note, a certificate from
                           such Holder in the form of Exhibit B hereto,
                           including the certifications in item (4) thereof;

                  and, in each such case set forth in this subparagraph (D), if
                  the Registrar so requests, an Opinion of Counsel in form
                  reasonably acceptable to the Company to the effect that such
                  exchange or transfer is in compliance with the Securities Act
                  and that the restrictions on transfer contained herein and in
                  the Private Placement Legend are no longer required in order
                  to maintain compliance with the Securities Act.

                  (3) Unrestricted Definitive Notes to Unrestricted Definitive
         Notes. A Holder of Unrestricted Definitive Notes may transfer such
         Notes to a Person who takes delivery thereof in the form of an
         Unrestricted Definitive Note. Upon receipt of a request to register
         such a transfer, the Registrar shall register the Unrestricted
         Definitive Notes pursuant to the instructions from the Holder thereof.

         (f) Exchange Offer. Upon the occurrence of the Exchange Offer in
accordance with the Registration Rights Agreement, the Company will issue and,
upon receipt of an Authentication Order in accordance with Section 2.02 hereof,
the Trustee will authenticate:

                                       30
<PAGE>
                  (1) one or more Unrestricted Global Notes in an aggregate
         principal amount equal to the principal amount of the beneficial
         interests in the Restricted Global Notes tendered into the Exchange
         Offer by Persons that certify in the applicable Letters of Transmittal
         that (A) they are not Broker-Dealers, (B) they are not participating in
         a distribution of the Exchange Notes and (C) they are not affiliates
         (as defined in Rule 144) of the Company; and

                  (2) Unrestricted Definitive Notes in an aggregate principal
         amount equal to the principal amount of the Restricted Definitive Notes
         accepted for exchange in the Exchange Offer.

         Concurrently with the issuance of such Notes, the Trustee will cause
the aggregate principal amount of the applicable Restricted Global Notes to be
reduced accordingly, and the Company will execute and the Trustee will
authenticate and deliver to the Persons designated by the Holders of Definitive
Notes so accepted Unrestricted Definitive Notes in the appropriate principal
amount.

         (g) Legends. The following legends will appear on the face of all
Global Notes and Definitive Notes issued under this Indenture unless
specifically stated otherwise in the applicable provisions of this Indenture.

                  (1) Private Placement Legend.

                           (A) Except as permitted by subparagraph (B) below,
                  each Global Note and each Definitive Note (and all Notes
                  issued in exchange therefor or substitution thereof) shall
                  bear the legend in substantially the following form:

"THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE
"SECURITIES ACT"), AND THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION
THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF
THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5
OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS
SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) IN THE UNITED STATES
TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL
BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE THE UNITED STATES IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (III)
PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE) OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (IV) IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS
REFERRED TO IN (A) ABOVE."

                           (B) Notwithstanding the foregoing, any Global Note or
                  Definitive Note issued pursuant to subparagraphs (b)(4),
                  (c)(3), (c)(4), (d)(2), (d)(3), (e)(2), (e)(3) or (f) of this
                  Section 2.06 (and all Notes issued in exchange therefor or
                  substitution thereof) will not bear the Private Placement
                  Legend.

                  (2) Global Note Legend. Each Global Note will bear a legend in
         substantially the following form:

                                       31
<PAGE>
"THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS
GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR
ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN."

                  (3) Regulation S Temporary Global Note Legend. The Regulation
         S Temporary Global Note will bear a legend in substantially the
         following form:

"THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE
BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED
TO RECEIVE PAYMENT OF INTEREST HEREON."

         (h) Cancellation and/or Adjustment of Global Notes. At such time as all
beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or
canceled in whole and not in part, each such Global Note will be returned to or
retained and canceled by the Trustee in accordance with Section 2.11 hereof. At
any time prior to such cancellation, if any beneficial interest in a Global Note
is exchanged for or transferred to a Person who will take delivery thereof in
the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note will be
reduced accordingly and an endorsement will be made on such Global Note by the
Trustee or by the Depositary at the direction of the Trustee to reflect such
reduction; and if the beneficial interest is being exchanged for or transferred
to a Person who will take delivery thereof in the form of a beneficial interest
in another Global Note, such other Global Note will be increased accordingly and
an endorsement will be made on such Global Note by the Trustee or by the
Depositary at the direction of the Trustee to reflect such increase.

                                       32
<PAGE>
         (i)  General Provisions Relating to Transfers and Exchanges.

                  (1) To permit registrations of transfers and exchanges, the
         Company will execute and the Trustee will authenticate Global Notes and
         Definitive Notes upon receipt of an Authentication Order in accordance
         with Section 2.02 or at the Registrar's request.

                  (2) No service charge will be made to a Holder of a Global
         Note or to a Holder of a Definitive Note for any registration of
         transfer or exchange, but the Holder will be required to pay of a sum
         sufficient to pay all transfer tax or similar governmental charges
         payable in connection therewith (other than any such transfer taxes or
         similar governmental charge payable upon exchange or transfer pursuant
         to Sections 2.10, 3.06, 3.09, 4.10, 4.15 and 9.05 hereof). The
         Registrar will not be required to register the transfer of or exchange
         any Note selected for redemption in whole or in part, except the
         unredeemed portion of any Note being redeemed in part.

                  (3) All Global Notes and Definitive Notes issued upon any
         registration of transfer or exchange of Global Notes or Definitive
         Notes will be the valid obligations of the Company, evidencing the same
         debt, and entitled to the same benefits under this Indenture, as the
         Global Notes or Definitive Notes surrendered upon such registration of
         transfer or exchange.

                  (4) The Company will not be required:

                           (A) to issue, to register the transfer of or to
                  exchange any Notes during a period beginning at the opening of
                  business 15 days before the day of any selection of Notes for
                  redemption under Section 3.02 hereof and ending at the close
                  of business on the day of selection;

                           (B) to register the transfer of or to exchange any
                  Note selected for redemption in whole or in part, except the
                  unredeemed portion of any Note being redeemed in part; or

                           (C) to register the transfer of or to exchange a Note
                  between a record date and the next succeeding interest payment
                  date.

                  (5) Prior to due presentment for the registration of a
         transfer of any Note, the Trustee, any Agent and the Company may deem
         and treat the Person in whose name any Note is registered as the
         absolute owner of such Note for the purpose of receiving payment of
         principal of and interest on such Notes and for all other purposes, and
         none of the Trustee, any Agent or the Company shall be affected by
         notice to the contrary.

                  (6) The Trustee will authenticate Global Notes and Definitive
         Notes in accordance with the provisions of Section 2.02 hereof.

                  (7) All certifications, certificates and Opinions of Counsel
         required to be submitted to the Registrar pursuant to this Section 2.06
         to effect a registration of transfer or exchange may be submitted by
         facsimile.

Section 2.07 Replacement Notes.

         If any mutilated Note is surrendered to the Trustee or the Company and
the Trustee receives evidence to its satisfaction of the destruction, loss or
theft of any Note, the Company will issue and the Trustee, upon receipt of an
Authentication Order, will authenticate a replacement Note if the Trustee's
requirements are met. If required by the Trustee or the Company, an indemnity
bond must be supplied by the Holder that is sufficient in the judgment of the
Trustee and the Company to protect the Company, the

                                       33
<PAGE>
Trustee, any Agent and any authenticating agent from any loss that any of them
may suffer if a Note is replaced. The Company may charge for its expenses in
replacing a Note.

         Every replacement Note is an additional obligation of the Company and
will be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued hereunder.

Section 2.08 Outstanding Notes.

         The Notes outstanding at any time are all the Notes authenticated by
the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest in a Global Note effected by the
Trustee in accordance with the provisions hereof, and those described in this
Section as not outstanding. Except as set forth in Section 2.09 hereof, a Note
does not cease to be outstanding because the Company or an Affiliate of the
Company holds the Note; however, Notes held by the Company or a Subsidiary of
the Company shall not be deemed to be outstanding for purposes of Section
3.07(a) hereof.

         If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be
outstanding unless the Trustee receives proof satisfactory to it that the
replaced Note is held by a bona fide purchaser.

         If the principal amount of any Note is considered paid under Section
4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue.

         If the Paying Agent (other than the Company, a Subsidiary or an
Affiliate of any thereof) holds, on a redemption date or maturity date, money
sufficient to pay Notes payable on that date, then on and after that date such
Notes will be deemed to be no longer outstanding and will cease to accrue
interest.

Section 2.09 Treasury Notes.

         In determining whether the Holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by the
Company, or by any Person directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company, will be considered as
though not outstanding, except that for the purposes of determining whether the
Trustee will be protected in relying on any such direction, waiver or consent,
only Notes that the Trustee knows are so owned will be so disregarded.

Section 2.10 Temporary Notes.

         Until certificates representing Notes are ready for delivery, the
Company may prepare and the Trustee, upon receipt of an Authentication Order,
will authenticate temporary Notes. Temporary Notes will be substantially in the
form of certificated Notes but may have variations that the Company considers
appropriate for temporary Notes and as may be reasonably acceptable to the
Trustee. Without unreasonable delay, the Company will prepare and the Trustee
will authenticate definitive Notes in exchange for temporary Notes.

         Holders of temporary Notes will be entitled to all of the benefits of
this Indenture.

Section 2.11 Cancellation.

         The Company at any time may deliver Notes to the Trustee for
cancellation. The Registrar and Paying Agent will forward to the Trustee any
Notes surrendered to them for registration of transfer, exchange or payment. The
Trustee and no one else will cancel all Notes surrendered for registration of
transfer, exchange, payment, replacement or cancellation and will destroy
canceled Notes (subject to the record retention requirement of the Exchange
Act). Certification of the destruction of all canceled Notes

                                       34
<PAGE>
will be delivered to the Company. The Company may not issue new Notes to replace
Notes that it has paid or that have been delivered to the Trustee for
cancellation.

Section 2.12 Defaulted Interest.

         If the Company defaults in a payment of interest on the Notes, it will
pay the defaulted interest in any lawful manner plus, to the extent lawful,
interest payable on the defaulted interest, to the Persons who are Holders on a
subsequent special record date, in each case at the rate provided in the Notes
and in Section 4.01 hereof. The Company will notify the Trustee in writing of
the amount of defaulted interest proposed to be paid on each Note and the date
of the proposed payment. The Company will fix or cause to be fixed each such
special record date and payment date, provided that no such special record date
may be less than 10 days prior to the related payment date for such defaulted
interest. At least 15 days before the special record date, the Company (or, upon
the written request of the Company, the Trustee in the name and at the expense
of the Company) will mail or cause to be mailed to Holders a notice that states
the special record date, the related payment date and the amount of such
interest to be paid.

                                   ARTICLE 3.
                            REDEMPTION AND PREPAYMENT

Section 3.01 Notices to Trustee.

         If the Company elects to redeem Notes pursuant to the optional
redemption provisions of Section 3.07 hereof, it must furnish to the Trustee, at
least 30 days but not more than 60 days before a redemption date, an Officers'
Certificate setting forth:

                  (1) the clause of this Indenture pursuant to which the
         redemption shall occur;

                  (2) the redemption date;

                  (3) the principal amount of Notes to be redeemed; and

                  (4) the redemption price.

Section 3.02 Selection of Notes to Be Redeemed or Purchased.

         If less than all of the Notes are to be redeemed or purchased in an
offer to purchase at any time, the Trustee will select Notes for redemption or
purchase as follows:

                  (1) if the Notes are listed on any national securities
         exchange, in compliance with the requirements of the principal national
         securities exchange on which the Notes are listed; or

                  (2) if the Notes are not listed on any national securities
         exchange, on a pro rata basis, by lot or by such method as the Trustee
         shall deem fair and appropriate.

          In the event of partial redemption or purchase by lot, the particular
Notes to be redeemed or purchased will be selected, unless otherwise provided
herein, not less than 30 nor more than 60 days prior to the redemption or
purchase date by the Trustee from the outstanding Notes not previously called
for redemption or purchase.

         The Trustee will promptly notify the Company in writing of the Notes
selected for redemption or purchase and, in the case of any Note selected for
partial redemption or purchase, the principal amount thereof to be redeemed or
purchased. Notes and portions of Notes selected will be in amounts of $1,000 or
whole multiples of $1,000; except that if all of the Notes of a Holder are to be
redeemed or purchased,

                                       35
<PAGE>
the entire outstanding amount of Notes held by such Holder, even if not a
multiple of $1,000, shall be redeemed or purchased. Except as provided in the
preceding sentence, provisions of this Indenture that apply to Notes called for
redemption or purchase also apply to portions of Notes called for redemption or
purchase.

Section 3.03 Notice of Redemption.

         Subject to the provisions of Section 3.09 hereof, at least 30 days but
not more than 60 days before a redemption date, the Company will mail or cause
to be mailed, by first class mail, a notice of redemption to each Holder whose
Notes are to be redeemed at its registered address, except that redemption
notices may be mailed more than 60 days prior to a redemption date if the notice
is issued in connection with a defeasance of the Notes or a satisfaction and
discharge of this Indenture pursuant to Articles 8 or 12 of this Indenture.

         The notice will identify the Notes to be redeemed and will state:

                  (1) the redemption date;

                  (2) the redemption price;

                  (3) if any Note is being redeemed in part, the portion of the
         principal amount of such Note to be redeemed and that, after the
         redemption date upon surrender of such Note, a new Note or Notes in
         principal amount equal to the unredeemed portion will be issued upon
         cancellation of the original Note;

                  (4) the name and address of the Paying Agent;

                  (5) that Notes called for redemption must be surrendered to
         the Paying Agent to collect the redemption price;

                  (6) that, unless the Company defaults in making such
         redemption payment, interest on Notes called for redemption ceases to
         accrue on and after the redemption date;

                  (7) the paragraph of the Notes and/or Section of this
         Indenture pursuant to which the Notes called for redemption are being
         redeemed; and

                  (8) that no representation is made as to the correctness or
         accuracy of the CUSIP number, if any, listed in such notice or printed
         on the Notes.

         At the Company's request, the Trustee will give the notice of
redemption in the Company's name and at its expense; provided, however, that the
Company has delivered to the Trustee, at least 45 days prior to the redemption
date, an Officers' Certificate requesting that the Trustee give such notice and
setting forth the information to be stated in such notice as provided in the
preceding paragraph.

Section 3.04 Effect of Notice of Redemption.

         Once notice of redemption is mailed in accordance with Section 3.03
hereof, Notes called for redemption become irrevocably due and payable on the
redemption date at the redemption price. A notice of redemption may not be
conditional.

Section 3.05 Deposit of Redemption or Purchase Price.

         One Business Day prior to the redemption or purchase price date, the
Company will deposit with the Trustee or with the Paying Agent money sufficient
to pay the redemption or purchase price of and

                                       36
<PAGE>
accrued interest and Additional Interest, if any, on all Notes to be redeemed or
purchased on that date. The Trustee or the Paying Agent will promptly return to
the Company any money deposited with the Trustee or the Paying Agent by the
Company in excess of the amounts necessary to pay the redemption or purchase
price of, and accrued interest and Additional Interest, if any, on, all Notes to
be redeemed or purchased.

         If the Company complies with the provisions of the preceding paragraph,
on and after the redemption or purchase date, interest will cease to accrue on
the Notes or the portions of Notes called for redemption or purchase. If a Note
is redeemed or purchased on or after an interest record date but on or prior to
the related interest payment date, then any accrued and unpaid interest shall be
paid to the Person in whose name such Note was registered at the close of
business on such record date. If any Note called for redemption or purchase is
not so paid upon surrender for redemption or purchase because of the failure of
the Company to comply with the preceding paragraph, interest shall be paid on
the unpaid principal, from the redemption or purchase date until such principal
is paid, and to the extent lawful on any interest not paid on such unpaid
principal, in each case at the rate provided in the Notes and in Section 4.01
hereof.

Section 3.06 Notes Redeemed or Purchased in Part.

         Upon surrender of a Note that is redeemed or purchased in part, the
Company will issue and, upon receipt of an Authentication Order, the Trustee
will authenticate for the Holder at the expense of the Company a new Note equal
in principal amount to the unredeemed or unpurchased portion of the Note
surrendered.

Section 3.07 Optional Redemption.

         (a) At any time prior to April 15, 2005, the Company may on any one or
more occasions redeem up to 35% of the aggregate principal amount of Notes
issued under this Indenture at a redemption price of 109.25% of the principal
amount thereof, plus accrued and unpaid interest and Additional Interest, if
any, to the redemption date, with the net cash proceeds of one or more Qualified
Equity Offerings, provided that:

                  (1) at least 65% of the aggregate principal amount of Notes
         issued under this Indenture remains outstanding immediately after the
         occurrence of such redemption (excluding Notes held by the Company and
         its Subsidiaries); and

                  (2) the redemption occurs within 45 days of the date of the
         closing of such Qualified Equity Offering.

         Except pursuant to this Section 3.07(a), the Notes may not be redeemed
at the option of the Company prior to April 15, 2006.

         (b) After April 15, 2006, the Company may redeem all or a part of the
Notes upon not less than 30 nor more than 60 days' notice, at the redemption
prices (expressed as percentages of principal amount) set forth below plus
accrued and unpaid interest, and Additional Interest, if any, on the Notes
redeemed, to the applicable redemption date, if redeemed during the twelve-month
period beginning on April 15 of the years indicated below:

<TABLE>
<CAPTION>
        Year                                                       Percentage
        ----                                                       ----------
<S>                                                                <C>
        2006..................................................      104.625%
        2007..................................................      102.313%
        2008 and thereafter...................................      100.000%
</TABLE>

                                       37
<PAGE>
         (c) Any redemption pursuant to this Section 3.07 shall be made pursuant
to the provisions of Section 3.01 through 3.06 hereof.

Section 3.08 Mandatory Redemption.

         The Company is not required to make mandatory redemption or sinking
fund payments with respect to the Notes.

Section 3.09 Offer to Purchase by Application of Excess Proceeds.

         In the event that, pursuant to Section 4.10 hereof, the Company is
required to commence an offer to all Holders to purchase Notes (an "Asset Sale
Offer"), it will follow the procedures specified below.

         The Asset Sale Offer shall be made to all Holders and all holders of
other Indebtedness that is pari passu with the Notes containing provisions
similar to those set forth in this Indenture with respect to offers to purchase
or redeem with the proceeds of sales and assets. The Asset Sale Offer will
remain open for a period of at least 20 Business Days following its commencement
and not more than 30 Business Days, except to the extent that a longer period is
required by applicable law (the "Offer Period"). No later than three Business
Days after the termination of the Offer Period (the "Purchase Date"), the
Company will apply all Excess Proceeds (the "Offer Amount") to the purchase of
Notes and such other pari passu Indebtedness (on a pro rata basis, if
applicable) or, if less than the Offer Amount has been tendered, all Notes and
other Indebtedness tendered in response to the Asset Sale Offer. Payment for any
Notes so purchased will be made in the same manner as interest payments are
made.

         If the Purchase Date is on or after an interest record date and on or
before the related interest payment date, any accrued and unpaid interest, and
Additional Interest, if any, will be paid to the Person in whose name a Note is
registered at the close of business on such record date, and no additional
interest will be payable to Holders who tender Notes pursuant to the Asset Sale
Offer.

         Upon the commencement of an Asset Sale Offer, the Company will send, by
first class mail, a notice to the Trustee and each of the Holders, with a copy
to the Trustee. The notice will contain all instructions and materials necessary
to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The
notice, which will govern the terms of the Asset Sale Offer, will state:

                  (1) that the Asset Sale Offer is being made pursuant to this
         Section 3.09 and Section 4.10 hereof and the length of time the Asset
         Sale Offer will remain open;

                  (2) the Offer Amount, the purchase price and the Purchase
         Date;

                  (3) that any Note not tendered or accepted for payment will
         continue to accrue interest;

                  (4) that, unless the Company defaults in making such payment,
         any Note accepted for payment pursuant to the Asset Sale Offer will
         cease to accrue interest after the Purchase Date;

                  (5) that Holders electing to have a Note purchased pursuant to
         an Asset Sale Offer may elect to have Notes purchased in integral
         multiples of $1,000 only;

                  (6) that Holders electing to have a Note purchased pursuant to
         any Asset Sale Offer will be required to surrender the Note, with the
         form entitled "Option of Holder to Elect Purchase" on the reverse of
         the Note completed, or transfer by book-entry transfer, to the Company,
         a Depositary, if appointed by the Company, or a Paying Agent at the
         address specified in the notice at least three days before the Purchase
         Date;

                                       38
<PAGE>
                  (7) that Holders will be entitled to withdraw their election
         if the Company, the Depositary or the Paying Agent, as the case may be,
         receives, not later than the expiration of the Offer Period, a
         telegram, telex, facsimile transmission or letter setting forth the
         name of the Holder, the principal amount of the Note the Holder
         delivered for purchase and a statement that such Holder is withdrawing
         his election to have such Note purchased;

                  (8) that, if the aggregate principal amount of Notes and other
         pari passu Indebtedness surrendered by Holders exceeds the Offer
         Amount, the Company will select the Notes and other pari passu
         Indebtedness to be purchased on a pro rata basis based on the principal
         amount of Notes and such other pari passu Indebtedness surrendered
         (with such adjustments as may be deemed appropriate by the Company so
         that only Notes in denominations of $1,000, or integral multiples
         thereof, will be purchased); and

                  (9) that Holders whose Notes were purchased only in part will
         be issued new Notes equal in principal amount to the unpurchased
         portion of the Notes surrendered (or transferred by book-entry
         transfer).

         On or before the Purchase Date, the Company will, to the extent lawful,
accept for payment, on a pro rata basis to the extent necessary, the Offer
Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer,
or if less than the Offer Amount has been tendered, all Notes tendered, and will
deliver to the Trustee an Officers' Certificate stating that such Notes or
portions thereof were accepted for payment by the Company in accordance with the
terms of this Section 3.09. The Company, the Depositary or the Paying Agent, as
the case may be, will promptly (but in any case not later than five days after
the Purchase Date) mail or deliver to each tendering Holder an amount equal to
the purchase price of the Notes tendered by such Holder and accepted by the
Company for purchase, and the Company will promptly issue a new Note, and the
Trustee, upon written request from the Company will authenticate and mail or
deliver such new Note to such Holder, in a principal amount equal to any
unpurchased portion of the Note surrendered. Any Note not so accepted shall be
promptly mailed or delivered by the Company to the Holder thereof. The Company
will publicly announce the results of the Asset Sale Offer on the Purchase Date.

         Other than as specifically provided in this Section 3.09, any purchase
pursuant to this Section 3.09 shall be made pursuant to the provisions of
Sections 3.01 through 3.06 hereof.

                                   ARTICLE 4.
                                    COVENANTS

Section 4.01 Payment of Notes.

         The Company shall pay or cause to be paid the principal of, premium, if
any, and interest and Additional Interest, if any, on the Notes on the dates and
in the manner provided in the Notes. Principal, premium, if any, and interest
and Additional Interest, if any will be considered paid on the date due if the
Paying Agent, if other than the Company or a Subsidiary thereof, holds as of
10:00 a.m. Eastern Time on the due date money deposited by the Company in
immediately available funds and designated for and sufficient to pay all
principal, premium, if any, and interest then due. The Company shall pay all
Additional Interest, if any, in the same manner on the dates and in the amounts
set forth in the Registration Rights Agreement.

         The Company shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal at the rate equal to
1% per annum in excess of the then applicable interest rate on the Notes to the
extent lawful; it shall pay interest (including post-petition interest in any

                                       39
<PAGE>
proceeding under any Bankruptcy Law) on overdue installments of interest and
Additional Interest (without regard to any applicable grace period) at the same
rate to the extent lawful.

Section 4.02 Maintenance of Office or Agency.

         The Company shall maintain in the Borough of Manhattan, the City of New
York, an office or agency (which may be an office of the Trustee or an affiliate
of the Trustee, Registrar or co-registrar) where Notes may be surrendered for
registration of transfer or for exchange and where notices and demands to or
upon the Company in respect of the Notes and this Indenture may be served. The
Company shall give prompt written notice to the Trustee of the location, and any
change in the location, of such office or agency. If at any time the Company
fails to maintain any such required office or agency or fails to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee.

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

         The Company hereby designates the Corporate Trust Office of the Trustee
as one such office or agency of the Company in accordance with Section 2.03
hereof.

Section 4.03 Reports.

         (a) Whether or not required by the rules and regulations of the
Commission, so long as any Notes are outstanding, the Company shall furnish to
the Holders of Notes, within the time periods specified in the Commission's
rules and regulations:

                  (1) all quarterly and annual financial information that would
         be required to be contained in a filing with the Commission on Forms
         10-Q and 10-K if the Company were required to file such forms,
         including a "Management's Discussion and Analysis of Financial
         Condition and Results of Operations" and, with respect to the annual
         information only, a report on the annual financial statements by the
         Company's certified independent accountants; and

                  (2) all current reports that would be required to be filed
         with the Commission on Form 8-K if the Company were required to file
         such reports.

         In addition, following the consummation of the Exchange Offer
contemplated by the Registration Rights Agreement, whether or not required by
the Commission, the Company will file a copy of all of the information and
reports referred to in clauses (1) and (2) above with the Commission for public
availability within the time periods specified in the Commission's rules and
regulations (unless the Commission will not accept such a filing) and make such
information available to securities analysts and prospective investors upon
request. The Company will at all times comply with TIA Section 314(a) to the
extent applicable.

         If the Company has designated any of its Subsidiaries as Unrestricted
Subsidiaries, then the quarterly and annual financial information required by
the preceding paragraph shall include a reasonably detailed presentation, either
on the face of the financial statements or in the footnotes thereto, and in
Management's Discussion and Analysis of Financial Condition and Results of
Operations, of the financial condition and results of operations of the Company
and its Restricted Subsidiaries separate from the financial condition and
results of operations of the Unrestricted Subsidiaries of the Company.

                                       40
<PAGE>
         (b) For so long as any Notes remain outstanding, the Company and the
Guarantors will furnish to the Holders and to securities analysts and
prospective investors, upon their request, the information required to be
delivered pursuant to Rule 144A(d)(4) under the Securities Act.

Section 4.04 Compliance Certificate.

         (a) The Company and each Guarantor (to the extent that such Guarantor
is so required under the TIA) shall deliver to the Trustee, within 90 days after
the end of each fiscal year, an Officers' Certificate stating that a review of
the activities of the Company and its Subsidiaries during the preceding fiscal
year has been made under the supervision of the signing Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its
obligations under this Indenture, and further stating, as to each such Officer
signing such certificate, that to the best of his or her knowledge the Company
has kept, observed, performed and fulfilled each and every covenant contained in
this Indenture and is not in default in the performance or observance of any of
the terms, provisions and conditions of this Indenture (or, if a Default or
Event of Default has occurred, describing all such Defaults or Events of Default
of which he or she may have knowledge and what action the Company is taking or
proposes to take with respect thereto) and that to the best of his or her
knowledge no event has occurred and remains in existence by reason of which
payments on account of the principal of or interest, if any, on the Notes is
prohibited or if such event has occurred, a description of the event and what
action the Company is taking or proposes to take with respect thereto.

         (b) So long as not contrary to the then current recommendations of the
American Institute of Certified Public Accountants, the year-end financial
statements delivered pursuant to Section 4.03(a) above shall be accompanied by a
written statement of the Company's independent public accountants (who shall be
a firm of established national reputation) that in making the examination
necessary for certification of such financial statements, nothing has come to
their attention that would lead them to believe that the Company has violated
any provisions of Article 4 or Article 5 hereof or, if any such violation has
occurred, specifying the nature and period of existence thereof, it being
understood that such accountants shall not be liable directly or indirectly to
any Person for any failure to obtain knowledge of any such violation.

         (c) So long as any of the Notes are outstanding, the Company shall
deliver to the Trustee, forthwith upon any Officer becoming aware of any Default
or Event of Default, an Officers' Certificate specifying such Default or Event
of Default and what action the Company is taking or proposes to take with
respect thereto.

Section 4.05 Taxes.

         The Company shall pay, and shall cause each of its Subsidiaries to pay,
prior to delinquency, all material taxes, assessments, and governmental levies
except such as are contested in good faith and by appropriate proceedings or
where the failure to effect such payment is not adverse in any material respect
to the Holders of the Notes.

Section 4.06 Stay, Extension and Usury Laws.

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

                                       41
<PAGE>
Section 4.07 Restricted Payments.

         (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly:

                  (1) declare or pay any dividend or make any other payment or
         distribution on account of the Company's or any of its Restricted
         Subsidiaries' Equity Interests (including, without limitation, any
         payment in connection with any merger or consolidation involving the
         Company or any of its Restricted Subsidiaries) or to the direct or
         indirect holders of the Company's or any of its Restricted
         Subsidiaries' Equity Interests in their capacity as such (other than
         dividends or distributions payable in Equity Interests (other than
         Disqualified Stock) of the Company or to the Company or a Restricted
         Subsidiary of the Company);

                  (2) purchase, redeem or otherwise acquire or retire for value
         (including, without limitation, in connection with any merger or
         consolidation involving the Company) any Equity Interests of the
         Company or any direct or indirect parent of the Company;

                  (3) make any payment on or with respect to, or purchase,
         redeem, defease or otherwise acquire or retire for value any
         Indebtedness that is subordinated to the Notes or the Subsidiary
         Guarantees, except a payment of interest or principal at the Stated
         Maturity thereof; or

                  (4) make any Restricted Investment (all such payments and
         other actions set forth in these clauses (1) through (4) above being
         collectively referred to as "Restricted Payments"),

                  unless, at the time of and after giving effect to such
         Restricted Payment:

                  (1) no Default or Event of Default has occurred and is
         continuing or would occur as a consequence of such Restricted Payment;
         and

                  (2) the Company would, at the time of such Restricted Payment
         and after giving pro forma effect thereto as if such Restricted Payment
         had been made at the beginning of the applicable four-quarter period,
         have been permitted to incur at least $1.00 of additional Indebtedness
         (other than Permitted Debt) pursuant to the Debt to Cash Flow Ratio
         test set forth in the first paragraph of Section 4.09 hereof; and

                  (3) such Restricted Payment, together with the aggregate
         amount of all other Restricted Payments made by the Company and its
         Restricted Subsidiaries after the date of this Indenture (excluding
         Restricted Payments permitted by clauses (1), (2), (3), (4), (5), (6),
         (7) and (9) of Section 4.07(b) hereof) shall not exceed, at the date of
         determination, the sum of:

                           (A) an amount equal to the Company's Consolidated
                  Cash Flow from the date of this Indenture to the end of the
                  Company's most recently ended full fiscal quarter for which
                  internal financial statements are available, taken as a single
                  accounting period, less the product of 1.4 times the Company's
                  Consolidated Interest Expense from the date of this Indenture
                  to the end of the Company's most recently ended full fiscal
                  quarter for which internal financial statements are available,
                  taken as a single accounting period, plus

                           (B) an amount equal to the net cash proceeds received
                  by the Company from the sale of Equity Interests after the
                  date of this Indenture (other than (i) sales of Disqualified
                  Stock and (ii) Equity Interests sold to any of the Company's
                  Restricted Subsidiaries) plus

                           (C) to the extent that any Restricted Investment that
                  was made after the date of this Indenture is sold for cash or
                  otherwise liquidated or repaid for cash, the lesser of (i)

                                       42
<PAGE>
                  the cash return of capital with respect to such Restricted
                  Investment (less the cost of disposition, if any) and (ii) the
                  initial amount of such Restricted Investment plus

                           (D) to the extent that any Unrestricted Subsidiary is
                  redesignated as a Restricted Subsidiary after the date of this
                  Indenture, the fair market value of such Subsidiary as of the
                  date of such redesignation.

         (b) So long as no Default has occurred and is continuing or would be
caused thereby, the provisions of Section 4.07(a) will not prohibit:

                  (1) the payment of any dividend within 60 days after the date
         of declaration of the dividend, if at the date of declaration the
         dividend payment would have complied with the provisions of this
         Indenture;

                  (2) the redemption, repurchase, retirement, defeasance or
         other acquisition of any subordinated Indebtedness of the Company or
         any Guarantor or of any Equity Interests of the Company in exchange
         for, or out of the net cash proceeds of the substantially concurrent
         sale (other than to a Restricted Subsidiary of the Company) of, Equity
         Interests of the Company (other than Disqualified Stock); provided that
         the amount of any such net cash proceeds that are utilized for any such
         redemption, repurchase, retirement, defeasance or other acquisition
         shall be excluded from clause (3)(B) of the preceding paragraph;

                  (3) the defeasance, redemption, repurchase or other
         acquisition of subordinated Indebtedness of the Company or any
         Guarantor with the net cash proceeds from an incurrence of Permitted
         Refinancing Indebtedness;

                  (4) the payment of any dividend by a Restricted Subsidiary of
         the Company to the holders of its common Equity Interests on a pro rata
         basis;

                  (5) the payment of dividends by the Company to holders of its
         common Equity Interests not to exceed $2.0 million in any twelve-month
         period;

                  (6) the repurchase, redemption or other acquisition or
         retirement for value of any Equity Interests of the Company or any
         Restricted Subsidiary of the Company held by any member of the
         Company's (or any of its Restricted Subsidiaries') management pursuant
         to any management equity subscription agreement, stock option agreement
         or similar agreement; provided that the aggregate price paid for all
         such repurchased, redeemed, acquired or retired Equity Interests may
         not exceed $750,000 in any twelve-month period (with unused amounts in
         any twelve month period being available to be so utilized in succeeding
         twelve month periods);

                  (7) Restricted Payments made solely with the net cash proceeds
         to the Company or any Restricted Subsidiary of any "keyman" life
         insurance proceeds (i) to repurchase, redeem or otherwise acquire or
         retire for value any Equity Interests of the Company or any Restricted
         Subsidiary of the Company held by any member of the Company's (or any
         of its Restricted Subsidiaries') management pursuant to any management
         equity subscription agreement, stock option agreement or similar
         agreement or (ii) to repurchase, redeem or otherwise acquire or retire
         for value any Equity Interests of the Company held by members of the
         Block family pursuant to the Amendment to and Restatement of Stock
         Redemption Agreement, dated as of December 12, 1991, as in effect on
         the date of this Indenture, with such changes that from time to time do
         not materially adversely affect the Company and its Restricted
         Subsidiaries taken as a whole or increase the amounts payable
         thereunder;

                  (8) the repurchase, redemption or other acquisition or
         retirement for value of any Equity

                                       43
<PAGE>
         Interests of the Company held by members of the Block family pursuant
         to the Amendment to and Restatement of Stock Redemption Agreement,
         dated as of December 12, 1991, as in effect on the date of this
         Indenture, with such changes that from time to time do not materially
         adversely affect the Company and its Restricted Subsidiaries taken as a
         whole or increase the amounts payable thereunder, other than
         repurchases, redemptions, acquisitions or retirements made for similar
         purposes pursuant to clause (7) above; and

                  (9) other Restricted Payments in an amount not to exceed $2.5
         million in the aggregate.

         The amount of all Restricted Payments (other than cash) shall be the
fair market value on the date of the Restricted Payment of the asset(s) or
securities proposed to be transferred or issued by the Company or such
Subsidiary, as the case may be, pursuant to the Restricted Payment. The fair
market value of any assets or securities that are required to be valued by this
Section 4.07 shall be determined by the Board of Directors whose resolution with
respect thereto shall be delivered to the Trustee. The Board of Directors'
determination must be based upon an opinion or appraisal issued by an
accounting, appraisal or investment banking firm of national standing if the
fair market value exceeds $10.0 million. Not later than the date of making any
Restricted Payment, the Company shall deliver to the Trustee an Officers'
Certificate stating that such Restricted Payment is permitted and setting forth
the basis upon which the calculations required by this Section 4.07 were
computed, together with a copy of any fairness opinion or appraisal required by
this Indenture.

Section 4.08 Dividend and Other Payment Restrictions Affecting Subsidiaries.

         (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly, create or permit to exist or become
effective any consensual encumbrance or restriction on the ability of any
Restricted Subsidiary to:

                  (1) pay dividends or make any other distributions on its
         Capital Stock to the Company or any of its Restricted Subsidiaries, or
         with respect to any other interest or participation in, or measured by,
         its profits, or pay any indebtedness owed to the Company or any of its
         Restricted Subsidiaries;

                  (2) make loans or advances to the Company or any of its
         Restricted Subsidiaries; or

                  (3) transfer any of its properties or assets to the Company or
         any of its Restricted Subsidiaries.

         (b) The restrictions in Section 4.08(a) will not apply to encumbrances
or restrictions existing under or by reason of:

                  (1) agreements governing Existing Indebtedness and Credit
         Facilities as in effect on the date of this Indenture and any
         amendments, modifications, restatements, renewals, increases,
         supplements, refundings, replacements or refinancings of those
         agreements, provided that the amendments, modifications, restatements,
         renewals, increases, supplements, refundings, replacement or
         refinancings are no more restrictive, taken as a whole, with respect to
         such dividend and other payment restrictions than those contained in
         those agreements on the date of this Indenture;

                  (2) this Indenture, the Notes and the Subsidiary Guarantees;

                  (3) applicable law;

                  (4) any instrument governing Indebtedness or Capital Stock of
         a Person acquired by the

                                       44
<PAGE>
         Company or any of its Restricted Subsidiaries as in effect at the time
         of such acquisition (except to the extent such Indebtedness or Capital
         Stock was incurred in connection with or in contemplation of such
         acquisition), which encumbrance or restriction is not applicable to any
         Person, or the properties or assets of any Person, other than the
         Person, or the property or assets of the Person, so acquired, provided
         that, in the case of Indebtedness, such Indebtedness was permitted by
         the terms of this Indenture to be incurred;

                  (5) customary non-assignment provisions in leases entered into
         in the ordinary course of business and consistent with past practices;

                  (6) purchase money obligations (including Capital Lease
         Obligations) for property acquired in the ordinary course of business
         that impose restrictions on that property of the nature described in
         clause (3) of Section 4.08(a);

                  (7) contracts for the sale of assets, including any agreement
         for the sale or other disposition of a Restricted Subsidiary that
         restricts distributions by that Restricted Subsidiary pending its sale
         or other disposition;

                  (8) Permitted Refinancing Indebtedness, provided that the
         restrictions contained in the agreements governing such Permitted
         Refinancing Indebtedness are no more restrictive, taken as a whole,
         than those contained in the agreements governing the Indebtedness being
         refinanced;

                  (9) Liens securing Indebtedness otherwise permitted to be
         incurred under Section 4.12 that limit the right of the debtor to
         dispose of the assets subject to such Liens;

                  (10) provisions with respect to the disposition or
         distribution of assets or property in joint venture agreements, assets
         sale agreements, stock sale agreements and other similar agreements
         entered into in the ordinary course of business;

                  (11) restrictions on cash or other deposits or net worth
         imposed by customers under contracts entered into in the ordinary
         course of business.

Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock.

         (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly, or indirectly, create, incur, issue, assume,
guarantee or otherwise become directly or indirectly liable, contingently or
otherwise, with respect to (collectively, "incur") any Indebtedness (including
Acquired Debt), and the Company shall not issue any Disqualified Stock and shall
not permit any of its Restricted Subsidiaries to issue any shares of preferred
stock; provided, however, that the Company may incur Indebtedness (including
Acquired Debt) or issue shares of Disqualified Stock if the Company's Debt to
Cash Flow Ratio at the time of incurrence of such Indebtedness or the issuance
of such Disqualified Stock, after giving pro forma effect to such incurrence or
issuance as of such date and to the use of proceeds therefrom as if the same had
occurred at the beginning of the most recently ended four full fiscal quarter
period of the Company for which internal financial statements are available,
would have been no greater than (a) 7.0 to 1, if such incurrence or issuance is
on or prior to April 15, 2005 and (b) 6.5 to 1, if such incurrence or issuance
is after April 15, 2005;

         (b) The provisions of Section 4.09(a) will not prohibit the incurrence
of any of the following items of Indebtedness (collectively, "Permitted Debt"):

                  (1) the incurrence by the Company and any of its Restricted
         Subsidiaries of additional Indebtedness and letters of credit under
         Credit Facilities in an aggregate principal amount at any one time
         outstanding under this clause (1)(with letters of credit being deemed
         to have a principal

                                       45
<PAGE>
         amount equal to the maximum potential liability of the Company and its
         Restricted Subsidiaries thereunder) not to exceed $200.0 million less
         the aggregate amount of all Net Proceeds of Asset Sales applied by the
         Company or any of its Restricted Subsidiaries since the date of this
         Indenture to repay any Indebtedness under a Credit Facility and effect
         a corresponding commitment reduction thereunder pursuant to Section
         4.10;

                  (2) the incurrence by the Company and its Restricted
         Subsidiaries of the Existing Indebtedness;

                  (3) the incurrence by the Company and the Guarantors of
         Indebtedness represented by the Notes and the related Subsidiary
         Guarantees to be issued on the date of this Indenture and the Exchange
         Notes and the related Subsidiary Guarantees to be issued pursuant to
         the Registration Rights Agreement;

                  (4) the incurrence by the Company or any of its Restricted
         Subsidiaries of Indebtedness represented by Capital Lease Obligations,
         mortgage financings or purchase money obligations, in each case,
         incurred for the purpose of financing all or any part of the purchase
         price or cost of construction or improvement of property, plant or
         equipment used in the business of the Company or such Restricted
         Subsidiary, in an aggregate principal amount, including all Permitted
         Refinancing Indebtedness incurred to refund, refinance or replace any
         Indebtedness incurred pursuant to this clause (4), not to exceed $10.0
         million at any time outstanding;

                  (5) the incurrence by the Company or any of its Restricted
         Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or
         the net proceeds of which are used to refund, refinance or replace
         Indebtedness (other than intercompany Indebtedness) that was permitted
         by this Indenture to be incurred under Section 4.09(a) hereof or
         clauses (2), (3), (4), (5) or (10) of this Section 4.09(b);

                  (6) the incurrence by the Company or any of its Restricted
         Subsidiaries of intercompany Indebtedness between or among the Company
         and any of its Restricted Subsidiaries; provided, however, that:

                           (A) if the Company or any Guarantor is the obligor on
                  such Indebtedness and the obligee under such Indebtedness is
                  neither the Company nor a Guarantor, such Indebtedness must be
                  expressly subordinated to the prior payment in full in cash of
                  all Obligations with respect to the Notes, in the case of the
                  Company, or the Subsidiary Guarantee, in the case of a
                  Guarantor; and

                            (B) (i) any subsequent issuance or transfer of
                  Equity Interests that results in any such Indebtedness being
                  held by a Person other than the Company or a Restricted
                  Subsidiary of the Company and (ii) any sale or other transfer
                  of any such Indebtedness to a Person that is not either the
                  Company or a Restricted Subsidiary of the Company; shall be
                  deemed, in each case, to constitute an incurrence of such
                  Indebtedness by the Company or such Restricted Subsidiary, as
                  the case may be, that was not permitted by this clause (6);

                  (7) the incurrence by the Company or any of its Restricted
         Subsidiaries of Hedging Obligations that are incurred for the purpose
         of fixing or hedging interest rate risk with respect to any floating
         rate Indebtedness that is permitted by the terms of this Indenture to
         be outstanding;

                  (8) the guarantee by the Company or any of the Guarantors of
         Indebtedness of the Company or a Restricted Subsidiary of the Company
         that was permitted to be incurred by another provision of this
         covenant;

                                       46
<PAGE>
                  (9) the accrual of interest, the accretion or amortization of
         original issue discount, the payment of interest on any Indebtedness in
         the form of additional Indebtedness with the same terms, and the
         payment of dividends on Disqualified Stock in the form of additional
         shares of the same class of Disqualified Stock shall not be deemed to
         be an incurrence of Indebtedness or an issuance of Disqualified Stock
         for purposes of this Section 4.09;

                  (10) Indebtedness incurred by the Company or any Restricted
         Subsidiary constituting reimbursement obligations with respect to
         letters of credit issued in the ordinary course of business, including,
         without limitation, letters of credit in respect of workers'
         compensation claims or self-insurance, or other Indebtedness with
         respect to reimbursement type obligations regarding workers'
         compensation claims; provided, however, that upon the drawing of such
         letters of credit or the incurrence of such Indebtedness, such
         obligations are reimbursed within 30 days following such drawing or
         incurrence;

                  (11) Indebtedness consisting of customary indemnification,
         adjustments of purchase price or similar obligations, in each case,
         incurred or assumed in connection with the acquisition of any business
         or assets;

                  (12) Obligations in respect of performance and surety bonds
         and completion guarantees provided by the Company or any Restricted
         Subsidiary in the ordinary course of business; and

                  (13) the incurrence by the Company or any of its Restricted
         Subsidiaries of additional Indebtedness in an aggregate principal
         amount (or accreted value, as applicable) at any time outstanding,
         including all Permitted Refinancing Indebtedness incurred to refund,
         refinance or replace any Indebtedness incurred pursuant to this clause
         (13), not to exceed $10.0 million.

         For purposes of determining compliance with this Section 4.09, in the
event that an item of proposed Indebtedness meets the criteria of more than one
of the categories of Permitted Debt described in clauses (1) through (13) above,
or is entitled to be incurred pursuant to Section 4.09(a), the Company will be
permitted to classify such item of Indebtedness on the date of its incurrence,
or later reclassify all or a portion of such item of Indebtedness, in any manner
that complies with this Section 4.09. Accrual of interest, accretion or
amortization of original issue discount and the accretion of accreted value will
not be deemed to be an incurrence of Indebtedness for purposes of this Section
4.09. Indebtedness under Credit Facilities outstanding on the date on which the
Notes are first issued and authenticated under this Indenture will be deemed to
have been incurred on such date in reliance on the exception provided by clause
(1) of the definition of Permitted Debt.

Section 4.10 Asset Sales.

         The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, consummate an Asset Sale unless:

(1)      the Company (or the Restricted Subsidiary, as the case may be) receives
         consideration at the time of the Asset Sale at least equal to the fair
         market value of the assets or Equity Interests issued or sold or
         otherwise disposed of;

(2)      the fair market value is determined by the Company's Board of Directors
         and evidenced by a resolution of the Board of Directors set forth in an
         Officers' Certificate delivered to the Trustee; and

(3)      at least 75% of the consideration received in the Asset Sale by the
         Company or such Restricted Subsidiary is in the form of cash or Cash
         Equivalents. For purposes of this provision, each of the following
         shall be deemed to be cash:

                                       47
<PAGE>
                           (A) any liabilities, as shown on the Company's most
                  recent consolidated balance sheet, of the Company or any
                  Restricted Subsidiary (other than contingent liabilities and
                  liabilities that are by their terms subordinated to the Notes
                  or any Subsidiary Guarantee) that are assumed by the
                  transferee of any such assets pursuant to a customary novation
                  agreement that releases the Company or such Restricted
                  Subsidiary from further liability; and

                           (B) any securities, notes or other obligations
                  received by the Company or any such Restricted Subsidiary from
                  such transferee that are converted within 90 days by the
                  Company or such Restricted Subsidiary into cash or Cash
                  Equivalents, to the extent of the cash or Cash Equivalents
                  received in that conversion.

         The 75% limitation referred to in clause (3) above will not apply to
any Asset Sale in which the cash or Cash Equivalents portion of the
consideration received therefrom, determined in accordance with the preceding
provision, is equal to or greater than what the after-tax proceeds would have
been had such Asset Sale complied with the aforementioned 75% limitation.

         Notwithstanding the foregoing, the Company or any Restricted Subsidiary
will be permitted to consummate an Asset Sale without complying with the
foregoing if:

                  (1) the Company or such Restricted Subsidiary receives
         consideration at the time of such Asset Sale at least equal to the fair
         market value of the assets or other property sold, issued or otherwise
         disposed of;

                  (2) the fair market value is determined by the Company's Board
         of Directors and is evidenced by a resolution of the Board of Directors
         set forth in an Officers' Certificate to the Trustee; and

                  (3) at least 75% (or 50% in the case of the sale of all of the
         Capital Stock owned by the Company of WAND (TV) Partnership) of the
         consideration for such Asset Sale constitutes a controlling interest in
         a Permitted Business, assets used or useful in a Permitted Business
         and/or cash;

provided that any cash (other than any amount deemed cash under this Section
4.10(3)(A)) received by the Company or such Restricted Subsidiary in connection
with any Asset Sale permitted to be consummated under this paragraph shall
constitute Net Proceeds subject to the provisions of the next paragraph.

         Within 365 days after the receipt of any Net Proceeds from an Asset
Sale, the Company may apply those Net Proceeds at its option:

                  (1) to repay Senior Debt and, if the Senior Debt repaid is
         revolving credit Indebtedness, to correspondingly reduce commitments
         with respect thereto;

                  (2) to acquire all or substantially all of the assets of, or a
         majority of the Voting Stock of, another Permitted Business;

                  (3) to make capital expenditures; or

                  (4) to acquire other non-current assets that are used or
         useful in a Permitted Business.

         Pending the final application of any Net Proceeds, the Company may
temporarily reduce revolving credit borrowings or otherwise invest the Net
Proceeds in any manner that is not prohibited by this Indenture.

                                       48
<PAGE>
         Any Net Proceeds from Asset Sales that are not applied or invested as
provided in the preceding paragraph will constitute "Excess Proceeds." When the
aggregate amount of Excess Proceeds exceeds $10.0 million, within five days
thereof the Company will make an Asset Sale Offer to all Holders of Notes and
all holders of other Indebtedness that is pari passu with the Notes containing
provisions similar to those set forth in this Indenture with respect to offers
to purchase or redeem with the proceeds of sales of assets in accordance with
Section 3.09 hereof to purchase the maximum principal amount of Notes and such
other pari passu Indebtedness that may be purchased out of the Excess Proceeds.
The offer price in any Asset Sale Offer will be equal to 100% of principal
amount plus accrued and unpaid interest and Additional Interest, if any, to the
date of purchase, and will be payable in cash. If any Excess Proceeds remain
after consummation of an Asset Sale Offer, the Company may use those Excess
Proceeds for any purpose not otherwise prohibited by this Indenture. If the
aggregate principal amount of Notes and other pari passu Indebtedness tendered
into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee
shall select the Notes and such other pari passu Indebtedness to be purchased on
a pro rata basis based on the principal amount of the Notes and such other pari
passu Indebtedness tendered. Upon completion of each Asset Sale Offer, the
amount of Excess Proceeds shall be reset at zero.

         The Company shall comply with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws and regulations thereunder to the
extent those laws and regulations are applicable in connection with each
repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the
provisions of any securities laws or regulations conflict with the provisions of
Section 3.09 or 4.10 of this Indenture, the Company shall comply with the
applicable securities laws and regulations and shall not be deemed to have
breached its obligations under those provisions of this Indenture by virtue of
such conflict.

Section 4.11 Transactions with Affiliates.

         (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or
assets from, or enter into or make or amend any transaction, contract,
agreement, understanding, loan, advance or guarantee with, or for the benefit
of, any Affiliate (each, an "Affiliate Transaction"), unless:

                  (1) the Affiliate Transaction is on terms that are no less
         favorable to the Company or the relevant Restricted Subsidiary than
         those that would have been obtained in a comparable transaction by the
         Company or such Restricted Subsidiary with an unrelated Person; and

                  (2) the Company delivers to the Trustee:

                           (A) with respect to any Affiliate Transaction or
                  series of related Affiliate Transactions involving aggregate
                  consideration in excess of $5.0 million, a resolution of the
                  Board of Directors set forth in an Officers' Certificate
                  certifying that such Affiliate Transaction complies with this
                  Section 4.11 and that such Affiliate Transaction has been
                  approved by a majority of the disinterested members of the
                  Board of Directors; and

                           (B) with respect to any Affiliate Transaction or
                  series of related Affiliate Transactions involving aggregate
                  consideration in excess of $10.0 million, an opinion as to the
                  fairness to the Company of such Affiliate Transaction from a
                  financial point of view issued by an accounting, appraisal or
                  investment banking firm of national standing.

         (b) The following items will not be deemed to be Affiliate Transactions
and, therefore, will not be subject to the provisions of Section 4.11(a):

                  (1) any compensation paid to employees, including pursuant to
         any employment

                                       49
<PAGE>
         agreement, entered into by the Company or any of its Restricted
         Subsidiaries in the ordinary course of business of the Company or such
         Restricted Subsidiary;

                  (2) transactions between or among the Company and/or its
         Restricted Subsidiaries;

                  (3) loans, advances, payment of reasonable fees,
         indemnification of directors or similar arrangements to officers,
         directors, employees and consultants who are not otherwise Affiliates
         of the Company;

                  (4) sales of Equity Interests (other than Disqualified Stock)
         of the Company to Affiliates of the Company;

                  (5) Restricted Payments and Permitted Investments that are
         permitted by Section 4.07; and

                  (6) transactions, including the repurchase, redemption or
         other acquisition or retirement for value of any Equity Interests of
         the Company held by members of the Block family, pursuant to the
         Amendment to and Restatement of Stock Redemption Agreement, dated as of
         December 12, 1991, as in effect on the date of this Indenture, with
         such changes that from time to time do not materially adversely affect
         the Company and its Restricted Subsidiaries taken as a whole or
         increase the amounts payable thereunder.

Section 4.12 Liens.

         The Company shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly, create, incur, assume or suffer to exist any Lien of any
kind securing Indebtedness or trade payables on any asset now owned or hereafter
acquired, except Permitted Liens, unless all payments due under this Indenture
and the Notes are secured on an equal and ratable basis with the obligations so
secured until such time as such obligations are no longer secured by a Lien.

Section 4.13 Business Activities.

         The Company shall not, and shall not permit any Restricted Subsidiary
to, engage in any business other than Permitted Businesses, except to such
extent as would not be material to the Company and its Restricted Subsidiaries
taken as a whole.

Section 4.14 Corporate Existence.

         Subject to Article 5 hereof, the Company shall do or cause to be done
all things necessary to preserve and keep in full force and effect:

                  (1) its corporate existence, and the corporate, partnership or
         other existence of each of its Subsidiaries, in accordance with the
         respective organizational documents (as the same may be amended from
         time to time) of the Company or any such Subsidiary; and

                  (2) the rights (charter and statutory), licenses and
         franchises of the Company and its Subsidiaries; provided, however, that
         the Company shall not be required to preserve any such right, license
         or franchise, or the corporate, partnership or other existence of any
         of its Subsidiaries, if the Board of Directors shall determine that the
         preservation thereof is no longer desirable in the conduct of the
         business of the Company and its Subsidiaries, taken as a whole, and
         that the loss thereof is not adverse in any material respect to the
         Holders of the Notes.

                                       50
<PAGE>
Section 4.15 Offer to Repurchase Upon Change of Control.

         (a) Upon the occurrence of a Change of Control, the Company will make
an offer (a "Change of Control Offer") to each Holder to repurchase all or any
part (equal to $1,000 or an integral multiple of $1,000) of each Holder's Notes
at a purchase price equal to 101% of the aggregate principal amount thereof plus
accrued and unpaid interest and Additional Interest, if any, on the Notes
repurchased to the date of purchase (the "Change of Control Payment"). Within 10
days following any Change of Control, the Company will mail a notice to each
Holder describing the transaction or transactions that constitute the Change of
Control and stating:

                  (1) that the Change of Control Offer is being made pursuant to
         this Section 4.15 and that all Notes tendered will be accepted for
         payment;

                  (2) the purchase price and the purchase date, which shall be
         no earlier than 30 days and no later than 60 days from the date such
         notice is mailed (the "Change of Control Payment Date");

                  (3) that any Note not tendered will continue to accrue
         interest;

                  (4) that, unless the Company defaults in the payment of the
         Change of Control Payment, all Notes accepted for payment pursuant to
         the Change of Control Offer will cease to accrue interest after the
         Change of Control Payment Date;

                  (5) that Holders electing to have any Notes purchased pursuant
         to a Change of Control Offer will be required to surrender the Notes,
         with the form entitled "Option of Holder to Elect Purchase" on the
         reverse of the Notes completed, to the Paying Agent at the address
         specified in the notice prior to the close of business on the third
         Business Day preceding the Change of Control Payment Date;

                  (6) that Holders will be entitled to withdraw their election
         if the Paying Agent receives, not later than the close of business on
         the second Business Day preceding the Change of Control Payment Date, a
         telegram, telex, facsimile transmission or letter setting forth the
         name of the Holder, the principal amount of Notes delivered for
         purchase, and a statement that such Holder is withdrawing his election
         to have the Notes purchased; and

                  (7) that Holders whose Notes are being purchased only in part
         will be issued new Notes equal in principal amount to the unpurchased
         portion of the Notes surrendered, which unpurchased portion must be
         equal to $1,000 in principal amount or an integral multiple thereof.

         The Company will comply with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws and regulations thereunder to the
extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change in Control. To the extent that
the provisions of any securities laws or regulations conflict with the
provisions of Sections 3.09 or 4.15 of this Indenture, the Company will comply
with the applicable securities laws and regulations and will not be deemed to
have breached its obligations under Section 3.09 or this Section 4.15 by virtue
of such conflict.

         (b) On the Change of Control Payment Date, the Company shall, to the
extent lawful:

                  (1) accept for payment all Notes or portions thereof properly
         tendered pursuant to the Change of Control Offer;

                                       51
<PAGE>
                  (2) deposit with the Paying Agent an amount equal to the
         Change of Control Payment in respect of all Notes or portions of Notes
         properly tendered; and

                  (3) deliver or cause to be delivered to the Trustee the Notes
         properly accepted together with an Officers' Certificate stating the
         aggregate principal amount of Notes or portions of Notes being
         purchased by the Company.

         The Paying Agent will promptly mail to each Holder of Notes properly
tendered the Change of Control Payment for such Notes, and the Trustee will
promptly authenticate and mail (or cause to be transferred by book entry) to
each Holder a new Note equal in principal amount to any unpurchased portion of
the Notes surrendered, if any; provided that each new Note will be in a
principal amount of $1,000 or an integral multiple thereof.

         Prior to complying with any of the provisions of this Section 4.15, but
in any event within 90 days following a Change of Control, the Company shall
either repay all outstanding Senior Debt or obtain the requisite consents, if
any, under all agreements governing outstanding Senior Debt to permit the
repurchase of Notes required by this Section 4.15. The Company shall publicly
announce the results of the Change of Control Offer on or as soon as practicable
after the Change of Control Payment Date.

         (c) Notwithstanding anything to the contrary in this Section 4.15, the
Company will not be required to make a Change of Control Offer upon a Change of
Control if a third party makes the Change of Control Offer in the manner, at the
times and otherwise in compliance with the requirements set forth in this
Section 4.15 and Section 3.09 hereof and purchases all Notes validly tendered
and not withdrawn under the Change of Control Offer.

Section 4.16 No Senior Subordinated Debt.

         The Company shall not incur, create, issue, assume, guarantee or
otherwise become liable for any Indebtedness that is subordinate or junior in
right of payment to any Senior Debt of the Company and senior in any respect in
right of payment to the Notes. No Guarantor will incur, create, issue, assume,
guarantee or otherwise become liable for any Indebtedness that is subordinate or
junior in right of payment to the Senior Debt of such Guarantor and senior in
any respect in right of payment to such Guarantor's Subsidiary Guarantee. For
purposes of this covenant, the foregoing limitations shall not apply to
distinctions between categories of Senior Debt of the Company that exist by
reason of any Liens or Guarantees arising or created in respect of some but not
all such Senior Debt.

Section 4.17 Payments for Consent.

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

Section 4.18 Additional Subsidiary Guarantees.

         If the Company or any of its Restricted Subsidiaries acquires or
creates another Domestic Subsidiary after the date of this Indenture, other than
a Subsidiary that has properly been designated as an Unrestricted Subsidiary in
accordance with this Indenture for so long as they continue to constitute
Unrestricted Subsidiaries, then that newly acquired or created Domestic
Subsidiary will become a Guarantor and execute a supplemental indenture and
deliver an Opinion of Counsel satisfactory to the Trustee within 10 Business
Days of the date on which it was acquired or created.

                                       52
<PAGE>
Section 4.19 Designation of Restricted and Unrestricted Subsidiaries

         The Board of Directors may designate any Restricted Subsidiary to be an
Unrestricted Subsidiary if that designation would not cause a Default. If a
Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate
fair market value of all outstanding Investments owned by the Company and its
Restricted Subsidiaries in the Subsidiary properly designated will be deemed to
be an Investment made as of the time of the designation and will reduce the
amount available for Restricted Payments under the first paragraph of Section
4.07 or under one or more clauses of the definition of Permitted Investments, as
applicable, as determined by the Company. That designation will only be
permitted if the Investment would be permitted at that time and if the
Restricted Subsidiary otherwise meets the definition of an Unrestricted
Subsidiary. The Board of Directors may redesignate any Unrestricted Subsidiary
to be a Restricted Subsidiary if the redesignation would not cause a Default.

                                   ARTICLE 5.
                                   SUCCESSORS

Section 5.01 Merger, Consolidation, or Sale of Assets.

         The Company shall not, directly or indirectly: (1) consolidate or merge
with or into another Person (whether or not the Company is the surviving
corporation); or (2) sell, assign, transfer, convey or otherwise dispose of all
or substantially all of the properties or assets of the Company and its
Restricted Subsidiaries taken as a whole, in one or more related transactions,
to another Person; unless:

                  (1) either: (a) the Company is the surviving corporation; or
         (b) the Person formed by or surviving any such consolidation or merger
         (if other than the Company) or to which such sale, assignment,
         transfer, conveyance or other disposition has been made is a
         corporation organized or existing under the laws of the United States,
         any state of the United States or the District of Columbia;

                  (2) the Person formed by or surviving any such consolidation
         or merger (if other than the Company) or the Person to which such sale,
         assignment, transfer, conveyance or other disposition has been made
         assumes all the obligations of the Company under the Notes, this
         Indenture and the Registration Rights Agreement pursuant to a
         supplemental indenture or other agreements reasonably satisfactory to
         the Trustee;

                  (3) immediately after such transaction no Default or Event of
         Default exists; and

                  (4) the Company or the Person formed by or surviving any such
         consolidation or merger (if other than the Company), or to which such
         sale, assignment, transfer, conveyance or other disposition has been
         made shall, on the date of such transaction after giving pro forma
         effect thereto and any related financing transactions as if the same
         had occurred at the beginning of the applicable four-quarter period, be
         permitted to incur at least $1.00 of additional Indebtedness pursuant
         to the Debt to Cash Flow Ratio test set forth in the first paragraph of
         Section 4.09.

         In addition, the Company shall not, directly or indirectly, lease all
or substantially all of its properties or assets, in one or more related
transactions, to any other Person. This Section 5.01 shall not apply to a sale,
assignment, transfer, conveyance or other disposition of assets between or among
the Company and any of the Guarantors.

         In the event of any transaction (other than a lease) described in and
complying with the conditions listed in the immediately preceding paragraph in
which the Company is not the surviving Person and the surviving Person is to
assume all the obligations of the Company under the Notes and this Indenture

                                       53
<PAGE>
pursuant to a supplemental indenture, such surviving Person shall succeed to,
and be substituted for, and may exercise every right and power of, the Company,
and the Company would be discharged from its obligations under this Indenture
and the Notes; provided that solely for the purpose of calculating amounts
described in Section 4.07(b)(2) any such surviving Person shall only be deemed
to have succeeded to and be substituted for the Company with respect to the
period subsequent to the effective time of such transaction (and the Company
(before giving effect to such transaction) shall be deemed to be the "Company"
for such purposes for all prior periods).

Section 5.02 Successor Corporation Substituted.

         Upon any consolidation or merger, or any sale, assignment, transfer,
lease, conveyance or other disposition of all or substantially all of the assets
of the Company in a transaction that is subject to, and that complies with the
provisions of, Section 5.01 hereof, the successor corporation formed by such
consolidation or into or with which the Company is merged or to which such sale,
assignment, transfer, lease, conveyance or other disposition is made shall
succeed to, and be substituted for (so that from and after the date of such
consolidation, merger, sale, lease, conveyance or other disposition, the
provisions of this Indenture referring to the "Company" shall refer instead to
the successor corporation and not to the Company), and may exercise every right
and power of the Company under this Indenture with the same effect as if such
successor Person had been named as the Company herein; provided, however, that
the predecessor Company shall not be relieved from the obligation to pay the
principal of and interest on the Notes except in the case of a sale of all of
the Company's assets in a transaction that is subject to, and that complies with
the provisions of, Section 5.01 hereof.

                                   ARTICLE 6.
                              DEFAULTS AND REMEDIES

Section 6.01 Events of Default.

         Each of the following is an "Event of Default":

                  (1) the Company defaults for 30 days in the payment when due
         of interest on, or Additional Interest with respect to, the Notes
         whether or not prohibited by the subordination provisions of this
         Indenture;

                  (2) the Company defaults in payment when due of the principal
         of, or premium, if any, on the Notes, whether or not prohibited by the
         subordination provisions of this Indenture;

                  (3) failure by the Company or any of its Restricted
         Subsidiaries to comply with the provisions of Section 4.15;

                  (4) failure by the Company or any of its Restricted
         Subsidiaries for 30 days after notice from the Trustee or Holders of at
         least 25% in principal amount of the Notes to comply with the
         provisions of 4.07, 4.09 or 4.10 hereof;

                  (5) failure by the Company or any of its Restricted
         Subsidiaries for 60 days after notice from the Trustee or Holders of at
         least 25% in principal amount of the Notes to comply with any of the
         other agreements in this Indenture;

                  (6) default under any mortgage, indenture or instrument under
         which there may be issued or by which there may be secured or evidenced
         any Indebtedness for money borrowed by the Company or any of its
         Restricted Subsidiaries (or the payment of which is guaranteed by the

                                       54
<PAGE>
         Company or any of its Restricted Subsidiaries) whether such
         Indebtedness or guarantee now exists, or is created after the date of
         this Indenture, if that default:

                           (A) is caused by a failure to pay principal of such
                  Indebtedness at the final stated maturity thereof (a "Payment
                  Default"); or

                           (B) results in the acceleration of such Indebtedness
                  prior to its express maturity,

         and, in each case, the principal amount of any such Indebtedness,
         together with the principal amount of any other such Indebtedness under
         which there has been a Payment Default or the maturity of which has
         been so accelerated, aggregates $5.0 million or more;

                  (7) failure by the Company or any of its Restricted
         Subsidiaries to pay final judgments aggregating in excess of $5.0
         million not covered by insurance, which judgments are not paid,
         discharged or stayed for a period of 60 days;

                  (8) the Company or any of its Restricted Subsidiaries pursuant
         to or within the meaning of Bankruptcy Law:

                           (a) commences a voluntary case,

                           (b) consents to the entry of an order for relief
                  against it in an involuntary case,

                           (c) consents to the appointment of a custodian of it
                  or for all or substantially all of its property,

                           (d) makes a general assignment for the benefit of its
                  creditors, or

                           (e) generally is not paying its debts as they become
                  due; or

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

                           (a) is for relief against the Company or any of its
                  Restricted Subsidiaries in an involuntary case;

                           (b) appoints a custodian of the Company or any of its
                  Restricted Subsidiaries or for all or substantially all of the
                  property of the Company or any of its Restricted Subsidiaries;
                  or

                           (c) orders the liquidation of the Company or any of
                  its Restricted Subsidiaries;

                  and the order or decree remains unstayed and in effect for 60
         consecutive days; or

                  (10) except as permitted by this Indenture, any Subsidiary
         Guarantee shall be held in any judicial proceeding to be unenforceable
         or invalid or shall cease for any reason to be in full force and effect
         or any Guarantor, or any Person acting on behalf of any Guarantor,
         shall deny or disaffirm its obligations under its Subsidiary Guarantee.

Section 6.02 Acceleration.

         In the case of an Event of Default specified in clauses (8) or (9) of
Section 6.01 hereof, with respect to the Company, all outstanding Notes will
become due and payable immediately without further action or notice. If any
other Event of Default occurs and is continuing, the Trustee or the Holders of
at

                                       55
<PAGE>
least 25% in principal amount of the then outstanding Notes may declare all the
Notes to be due and payable immediately.

         In the event of a declaration of acceleration of the Notes because an
Event of Default has occurred and is continuing as a result of the acceleration
of any Indebtedness described in clause (6) of Section 6.01, the declaration of
acceleration of the notes shall be automatically annulled if the Holders of any
Indebtedness described in clause (6) of Section 6.01 have rescinded the
declaration of acceleration in respect of the Indebtedness within 30 days of the
date of the declaration and if:

                  (1) the annulment of the acceleration of notes would not
         conflict with any judgment or decree of a court of competent
         jurisdiction; and

                  (2) all existing Events of Default, except nonpayment of
         principal or interest on the Notes that became due solely because of
         the acceleration of the Notes, have been cured or waived.

         Upon any such declaration, the Notes shall become due and payable
immediately. Notwithstanding the foregoing, if an Event of Default specified in
clauses (8) or (9) of Section 6.01 hereof occurs with respect to the Company or
any of its Restricted Subsidiaries, all outstanding Notes shall be due and
payable immediately without further action or notice. The Holders of a majority
in aggregate principal amount of the then outstanding Notes by written notice to
the Trustee may on behalf of all of the Holders rescind an acceleration and its
consequences if the rescission would not conflict with any judgment or decree
and if all existing Events of Default (except nonpayment of principal, interest
or premium that has become due solely because of the acceleration) have been
cured or waived.

         If an Event of Default occurs on or after April 15, 2006 by reason of
any willful action (or inaction) taken (or not taken) by or on behalf of the
Company with the intention of avoiding payment of the premium that the Company
would have had to pay if the Company then had elected to redeem the Notes
pursuant to Section 3.07 hereof, then, upon acceleration of the Notes, an
equivalent premium shall also become and be immediately due and payable, to the
extent permitted by law, anything in this Indenture or in the Notes to the
contrary notwithstanding. If an Event of Default occurs prior to April 15, 2006
by reason of any willful action (or inaction) taken (or not taken) by or on
behalf of the Company with the intention of avoiding the prohibition on
redemption of the Notes prior to such date, then, upon acceleration of the
Notes, an additional premium shall also become and be immediately due and
payable, to the extent permitted by law, in an amount, for each of the years
beginning on April 15 of the years set forth below, as set forth below
(expressed as a percentage of the principal amount of the Notes on the date of
payment that would otherwise be due but for the provisions of this sentence):

<TABLE>
<CAPTION>
        YEAR                                                      PERCENTAGE
        ----                                                      ----------
<S>                                                               <C>
        2002..................................................     9.25000%
        2003..................................................     8.09375%
        2004..................................................     6.93750%
        2005..................................................     5.78125%
</TABLE>

Section 6.03 Other Remedies.

         If an Event of Default occurs and is continuing, the Trustee may pursue
any available remedy to collect the payment of principal, premium and Additional
Interest, if any, and interest on the Notes or to enforce the performance of any
provision of the Notes or this Indenture.

         The Trustee may maintain a proceeding even if it does not possess any
of the Notes or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Holder of a Note in exercising any right or
remedy accruing upon an Event of Default shall not impair the right or remedy or

                                       56
<PAGE>
constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

Section 6.04 Waiver of Past Defaults.

         Holders of not less than a majority in aggregate principal amount of
the then outstanding Notes by notice to the Trustee may on behalf of the Holders
of all of the Notes waive an existing Default or Event of Default and its
consequences hereunder, except a continuing Default or Event of Default in the
payment of the principal of, premium and Additional Interest, if any, or
interest on, the Notes (including in connection with an offer to purchase);
provided, however, that the Holders of a majority in aggregate principal amount
of the then outstanding Notes may rescind an acceleration and its consequences,
including any related payment default that resulted from such acceleration. Upon
any such waiver, such Default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other Default or
impair any right consequent thereon.

Section 6.05 Control by Majority.

         Holders of a majority in principal amount of the then outstanding Notes
may direct the time, method and place of conducting any proceeding for
exercising any remedy available to the Trustee or exercising any trust or power
conferred on it. However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture that the Trustee determines may be unduly
prejudicial to the rights of other Holders of Notes or that may involve the
Trustee in personal liability. The Trustee may withhold from Holders of the
Notes notice of any continuing Default or Event of Default if it determines that
withholding notes is in their interest, except a Default or Event of Default
relating to the payment of principal or interest or Additional Interest.

Section 6.06 Limitation on Suits.

         A Holder of a Note may pursue a remedy with respect to this Indenture
or the Notes only if:

                  (1) the Holder of a Note gives to the Trustee written notice
         of a continuing Event of Default;

                  (2) the Holders of at least 25% in principal amount of the
         then outstanding Notes make a written request to the Trustee to pursue
         the remedy;

                  (3) such Holder of a Note or Holders of Notes offer and, if
         requested, provide to the Trustee indemnity satisfactory to the Trustee
         against any loss, liability or expense;

                  (4) the Trustee does not comply with the request within 60
         days after receipt of the request and the offer and, if requested, the
         provision of indemnity; and

                  (5) during such 60-day period the Holders of a majority in
         principal amount of the then outstanding Notes do not give the Trustee
         a direction inconsistent with the request.

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

Section 6.07 Rights of Holders of Notes to Receive Payment.

         Notwithstanding any other provision of this Indenture, the right of any
Holder of a Note to receive payment of principal, premium and Additional
Interest, if any, and interest on the Note, on or

                                       57
<PAGE>
after the respective due dates expressed in the Note (including in connection
with an offer to purchase), or to bring suit for the enforcement of any such
payment on or after such respective dates, shall not be impaired or affected
without the consent of such Holder.

Section 6.08 Collection Suit by Trustee.

         If an Event of Default specified in Section 6.01(1) or (2) occurs and
is continuing, the Trustee is authorized to recover judgment in its own name and
as trustee of an express trust against the Company for the whole amount of
principal of, premium and Additional Interest, if any, and interest remaining
unpaid on the Notes and interest on overdue principal and, to the extent lawful,
interest and such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel.

Section 6.09 Trustee May File Proofs of Claim.

         The Trustee is authorized to file such proofs of claim and other papers
or documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and the
Holders of the Notes allowed in any judicial proceedings relative to the Company
(or any other obligor upon the Notes), its creditors or its property and shall
be entitled and empowered to collect, receive and distribute any money or other
property payable or deliverable on any such claims and any custodian in any such
judicial proceeding is hereby authorized by each Holder to make such payments to
the Trustee, and in the event that the Trustee shall consent to the making of
such payments directly to the Holders, to pay to the Trustee any amount due to
it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07 hereof. To the extent that the payment of any such compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and
any other amounts due the Trustee under Section 7.07 hereof out of the estate in
any such proceeding, shall be denied for any reason, payment of the same shall
be secured by a Lien on, and shall be paid out of, any and all distributions,
dividends, money, securities and other properties that the Holders may be
entitled to receive in such proceeding whether in liquidation or under any plan
of reorganization or arrangement or otherwise. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Notes or the rights of any Holder, or to authorize the
Trustee to vote in respect of the claim of any Holder in any such proceeding.

Section 6.10 Priorities.

         If the Trustee collects any money pursuant to this Article 6, it shall
pay out the money in the following order:

                  First: to the Trustee, its agents and attorneys for amounts
         due under Section 7.07 hereof, including payment of all compensation,
         expense and liabilities incurred, and all advances made, by the Trustee
         and the costs and expenses of collection;

                  Second: to Holders of Notes for amounts due and unpaid on the
         Notes for principal, premium and Additional Interest, if any, and
         interest, ratably, without preference or priority of any kind,
         according to the amounts due and payable on the Notes for principal,
         premium and Additional Interest, if any and interest, respectively; and

                  Third: to the Company or to such party as a court of competent
         jurisdiction shall direct.

                                       58
<PAGE>
         The Trustee may fix a record date and payment date for any payment to
Holders of Notes pursuant to this Section 6.10.

Section 6.11 Undertaking for Costs.

         In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by
it as a Trustee, a court in its discretion may require the filing by any party
litigant in the suit of an undertaking to pay the costs of the suit, and the
court in its discretion may assess reasonable costs, including reasonable
attorneys' fees, against any party litigant in the suit, having due regard to
the merits and good faith of the claims or defenses made by the party litigant.
This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder of
a Note pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in
principal amount of the then outstanding Notes.

                                   ARTICLE 7.
                                     TRUSTEE

Section 7.01 Duties of Trustee.

         (a) If an Event of Default has occurred and is continuing, the Trustee
will exercise such of the rights and powers vested in it by this Indenture, and
use the same degree of care and skill in its exercise, as a prudent person would
exercise or use under the circumstances in the conduct of such person's own
affairs.

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

                  (1) the duties of the Trustee will be determined solely by the
         express provisions of this Indenture and the Trustee need perform only
         those duties that are specifically set forth in this Indenture and no
         others, and no implied covenants or obligations shall be read into this
         Indenture against the Trustee; and

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

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

                  (1) this paragraph does not limit the effect of paragraph (b)
         of this Section 7.01;

                  (2) the Trustee will not be liable for any error of judgment
         made in good faith by a Responsible Officer, unless it is proved that
         the Trustee was negligent in ascertaining the pertinent facts; and

                  (3) the Trustee will not be liable with respect to any action
         it takes or omits to take in good faith in accordance with a direction
         received by it pursuant to Section 6.05 hereof.

         (d) Whether or not therein expressly so provided, every provision of
this Indenture that in any way relates to the Trustee is subject to paragraphs
(a), (b), and (c) of this Section 7.01.

                                       59
<PAGE>
         (e) No provision of this Indenture will require the Trustee to expend
or risk its own funds or incur any liability. The Trustee will be under no
obligation to exercise any of its rights and powers under this Indenture at the
request of any Holders, unless such Holder has offered to the Trustee security
and indemnity satisfactory to it against any loss, liability or expense.

         (f) The Trustee will not be liable for interest on any money received
by it except as the Trustee may agree in writing with the Company. Money held in
trust by the Trustee need not be segregated from other funds except to the
extent required by law.

Section 7.02 Rights of Trustee.

         (a) The Trustee may conclusively rely upon any document believed by it
to be genuine and to have been signed or presented by the proper Person. The
Trustee need not investigate any fact or matter stated in the document.

         (b) Before the Trustee acts or refrains from acting, it may require an
Officers' Certificate or an Opinion of Counsel or both. The Trustee will not be
liable for any action it takes or omits to take in good faith in reliance on
such Officers' Certificate or Opinion of Counsel. The Trustee may consult with
counsel and the written advice of such counsel or any Opinion of Counsel will be
full and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon.

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

         (d) The Trustee will not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or
powers conferred upon it by this Indenture.

         (e) Unless otherwise specifically provided in this Indenture, any
demand, request, direction or notice from the Company will be sufficient if
signed by an Officer of the Company.

         (f) The Trustee will be under no obligation to exercise any of the
rights or powers vested in it by this Indenture at the request or direction of
any of the Holders unless such Holders have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities that might be
incurred by it in compliance with such request or direction.

Section 7.03 Individual Rights of Trustee.

         The Trustee in its individual or any other capacity may become the
owner or pledgee of Notes and may otherwise deal with the Company or any
Affiliate of the Company with the same rights it would have if it were not
Trustee. However, in the event that the Trustee acquires any conflicting
interest it must eliminate such conflict within 90 days, apply to the Commission
for permission to continue as trustee or resign. Any Agent may do the same with
like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11
hereof.

Section 7.04 Trustee's Disclaimer.

         The Trustee will not be responsible for and makes no representation as
to the validity or adequacy of this Indenture or the Notes, it shall not be
accountable for the Company's use of the proceeds from the Notes or any money
paid to the Company or upon the Company's direction under any provision of this
Indenture, it will not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it will not be
responsible for any statement or recital herein or any statement in

                                       60
<PAGE>
the Notes or any other document in connection with the sale of the Notes or
pursuant to this Indenture other than its certificate of authentication.

Section 7.05 Notice of Defaults.

         If a Default or Event of Default occurs and is continuing and if it is
known to the Trustee, the Trustee will mail to Holders of Notes a notice of the
Default or Event of Default within 90 days after it occurs. Except in the case
of a Default or Event of Default in payment of principal of, premium or
Additional Interest, if any, or interest on any Note, the Trustee may withhold
the notice if and so long as a committee of its Responsible Officers in good
faith determines that withholding the notice is in the interests of the Holders
of the Notes.

Section 7.06 Reports by Trustee to Holders of the Notes.

         (a) Within 60 days after each May 15 beginning with the May 15
following the date of this Indenture, and for so long as Notes remain
outstanding, the Trustee will mail to the Holders of the Notes a brief report
dated as of such reporting date that complies with TIA Section 313(a) (but if no
event described in TIA Section 313(a) has occurred within the twelve months
preceding the reporting date, no report need be transmitted). The Trustee also
will comply with TIA Section 313(b)(2). The Trustee will also transmit by mail
all reports as required by TIA Section 313(c).

         (b) A copy of each report at the time of its mailing to the Holders of
Notes will be mailed by the Trustee to the Company and filed by the Trustee with
the Commission and each stock exchange on which the Notes are listed in
accordance with TIA Section 313(d). The Company will promptly notify the Trustee
when the Notes are listed on any stock exchange.

Section 7.07 Compensation and Indemnity.

         (a) The Company will pay to the Trustee from time to time reasonable
compensation for its acceptance of this Indenture and services hereunder. The
Trustee's compensation will not be limited by any law on compensation of a
trustee of an express trust. The Company will reimburse the Trustee promptly
upon request for all reasonable disbursements, advances and expenses incurred or
made by it in addition to the compensation for its services. Such expenses will
include the reasonable compensation, disbursements and expenses of the Trustee's
agents and counsel.

         (b) The Company and the Guarantor will indemnify the Trustee against
any and all losses, liabilities or expenses incurred by it arising out of or in
connection with the acceptance or administration of its duties under this
Indenture, including the costs and expenses of enforcing this Indenture against
the Company and the Guarantors (including this Section 7.07) and defending
itself against any claim (whether asserted by the Company, the Guarantors or any
Holder or any other Person) or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any
such loss, liability or expense may be attributable to its negligence or bad
faith. The Trustee will notify the Company promptly of any claim for which it
may seek indemnity. Failure by the Trustee to so notify the Company will not
relieve the Company or any of the Guarantors of their obligations hereunder. The
Company or such Guarantor will defend the claim and the Trustee will cooperate
in the defense. The Trustee may have separate counsel and the Company will pay
the reasonable fees and expenses of such counsel. Neither the Company nor any
Guarantor need pay for any settlement made without its consent, which consent
will not be unreasonably withheld.

         (c) The obligations of the Company and the Guarantors under this
Section 7.07 will survive the satisfaction and discharge of this Indenture.

                                       61
<PAGE>
         (d) To secure the Company's payment obligations in this Section 7.07,
the Trustee will have a Lien prior to the Notes on all money or property held or
collected by the Trustee, except that held in trust to pay principal and
interest on particular Notes. Such Lien will survive the satisfaction and
discharge of this Indenture.

         (e) When the Trustee incurs expenses or renders services after an Event
of Default specified in Section 6.01(7) or (8) hereof occurs, the expenses and
the compensation for the services (including the fees and expenses of its agents
and counsel) are intended to constitute expenses of administration under any
Bankruptcy Law.

         (f) The Trustee will comply with the provisions of TIA Section
313(b)(2) to the extent applicable.

Section 7.08 Replacement of Trustee.

         (a) A resignation or removal of the Trustee and appointment of a
successor Trustee will become effective only upon the successor Trustee's
acceptance of appointment as provided in this Section 7.08.

         (b) The Trustee may resign in writing at any time and be discharged
from the trust hereby created by so notifying the Company. The Holders of a
majority in principal amount of the then outstanding Notes may remove the
Trustee by so notifying the Trustee and the Company in writing. The Company may
remove the Trustee if:

                  (1) the Trustee fails to comply with Section 7.10 hereof;

                  (2) the Trustee is adjudged a bankrupt or an insolvent or an
         order for relief is entered with respect to the Trustee under any
         Bankruptcy Law;

                  (3) a custodian or public officer takes charge of the Trustee
         or its property; or

                  (4) the Trustee becomes incapable of acting.

         (c) If the Trustee resigns or is removed or if a vacancy exists in the
office of Trustee for any reason, the Company will promptly appoint a successor
Trustee. Within one year after the successor Trustee takes office, the Holders
of a majority in principal amount of the then outstanding Notes may appoint a
successor Trustee to replace the successor Trustee appointed by the Company.

         (d) If a successor Trustee does not take office within 60 days after
the retiring Trustee resigns or is removed, the retiring Trustee, the Company,
or the Holders of at least 10% in principal amount of the then outstanding Notes
may petition any court of competent jurisdiction for the appointment of a
successor Trustee.

         (e) If the Trustee, after written request by any Holder who has been a
Holder for at least six months, fails to comply with Section 7.10, such Holder
may petition any court of competent jurisdiction for the removal of the Trustee
and the appointment of a successor Trustee.

         (f) A successor Trustee will deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Thereupon, the
resignation or removal of the retiring Trustee will become effective, and the
successor Trustee will have all the rights, powers and duties of the Trustee
under this Indenture. The successor Trustee will mail a notice of its succession
to Holders. The retiring Trustee will promptly transfer all property held by it
as Trustee to the successor Trustee, provided all sums owing to the Trustee
hereunder have been paid and subject to the Lien provided for in Section 7.07
hereof. Notwithstanding replacement of the Trustee pursuant to this Section
7.08, the Company's obligations under Section 7.07 hereof will continue for the
benefit of the retiring Trustee.

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Section 7.09      Successor Trustee by Merger, etc.

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

Section 7.10      Eligibility; Disqualification.

      There will at all times be a Trustee hereunder that is a corporation
organized and doing business under the laws of the United States of America or
of any state thereof that is authorized under such laws to exercise corporate
trustee power, that is subject to supervision or examination by federal or state
authorities and that has a combined capital and surplus of at least $100 million
as set forth in its most recent published annual report of condition.

      This Indenture will always have a Trustee who satisfies the requirements
of TIA Section 310(a)(1), (2) and (5). The Trustee is subject to TIA Section
310(b).

Section 7.11      Preferential Collection of Claims Against Company.

      The Trustee is subject to TIA Section 311(a), excluding any creditor
relationship listed in TIA Section 311(b). A Trustee who has resigned or been
removed shall be subject to TIA Section 311(a) to the extent indicated therein.

                                   ARTICLE 8.
                    LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01      Option to Effect Legal Defeasance or Covenant Defeasance.

      The Company may, at the option of its Board of Directors evidenced by a
resolution set forth in an Officers' Certificate, at any time, elect to have
either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon
compliance with the conditions set forth below in this Article 8.

Section 8.02      Legal Defeasance and Discharge.

      Upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.02, the Company and each of the Guarantors will,
subject to the satisfaction of the conditions set forth in Section 8.04 hereof,
be deemed to have been discharged from their obligations with respect to all
outstanding Notes (including the Subsidiary Guarantees) on the date the
conditions set forth below are satisfied (hereinafter, "Legal Defeasance"). For
this purpose, Legal Defeasance means that the Company and the Guarantors will be
deemed to have paid and discharged the entire Indebtedness represented by the
outstanding Notes (including the Subsidiary Guarantees), which will thereafter
be deemed to be "outstanding" only for the purposes of Section 8.05 hereof and
the other Sections of this Indenture referred to in clauses (1) and (2) below,
and to have satisfied all their other obligations under such Notes, the
Subsidiary Guarantees and this Indenture (and the Trustee, on demand of and at
the expense of the Company, shall execute proper instruments acknowledging the
same), except for the following provisions which will survive until otherwise
terminated or discharged hereunder:

            (1) the rights of Holders of outstanding Notes to receive payments
      in respect of the principal of, or interest or premium and Additional
      Interest, if any, on such Notes when such payments are due from the trust
      referred to in Section 8.04 hereof;

            (2)   the Company's obligations with respect to such Notes under
      Article 2 and Section 4.02 hereof;

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            (3)   the rights, powers, trusts, duties and immunities of the
      Trustee hereunder and the Company's and the Guarantors' obligations in
      connection therewith; and

            (4)   the provisions of this Article 8 relating to Legal
      Defeasance.

      Subject to compliance with this Article 8, the Company may exercise its
option under this Section 8.02 notwithstanding the prior exercise of its option
under Section 8.03 hereof.

Section 8.03      Covenant Defeasance.

      Upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.03, the Company and the Guarantors will, subject to
the satisfaction of the conditions set forth in Section 8.04 hereof, be released
from each of their obligations under the covenants contained in Sections 4.07,
4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16, 4.17, 4.18, 4.19 hereof and
clause (4) of the first paragraph of Section 5.01 hereof and the first sentence
of the second paragraph of Section 5.01 hereof with respect to the outstanding
Notes on and after the date the conditions set forth in Section 8.04 hereof are
satisfied (hereinafter, "Covenant Defeasance"), and the Notes will thereafter be
deemed not "outstanding" for the purposes of any direction, waiver, consent or
declaration or act of Holders (and the consequences of any thereof) in
connection with such covenants, but will continue to be deemed "outstanding" for
all other purposes hereunder (it being understood that such Notes will not be
deemed outstanding for accounting purposes). For this purpose, Covenant
Defeasance means that, with respect to the outstanding Notes and Subsidiary
Guarantees, the Company and the Guarantors may omit to comply with and will have
no liability in respect of any term, condition or limitation set forth in any
such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document and such
omission to comply will not constitute a Default or an Event of Default under
Section 6.01 hereof, but, except as specified above, the remainder of this
Indenture and such Notes and Subsidiary Guarantees will be unaffected thereby.
In addition, upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.03 hereof, subject to the satisfaction of the
conditions set forth in Section 8.04 hereof, Sections 6.01(3) through 6.01(5)
hereof will not constitute Events of Default.

Section 8.04      Conditions to Legal or Covenant Defeasance.

      In order to exercise either Legal Defeasance or Covenant Defeasance under
either Section 8.02 or 8.03 hereof:

            (1) the Company must irrevocably deposit with the Trustee, in trust,
      for the benefit of the Holders, cash in United States dollars,
      non-callable Government Securities, or a combination thereof, in such
      amounts as will be sufficient, in the opinion of a nationally recognized
      firm of independent public accountants, to pay the principal of, premium
      and Additional Interest, if any, and interest on the outstanding Notes on
      the stated date for payment thereof or on the applicable redemption date,
      as the case may be, and the Company must specify whether the Notes are
      being defeased to maturity or to a particular redemption date;

            (2) in the case of an election under Section 8.02 hereof, the
      Company has delivered to the Trustee an Opinion of Counsel in the United
      States reasonably acceptable to the Trustee confirming that:

                  (A) the Company has received from, or there has been published
            by, the Internal Revenue Service a ruling; or

                  (B) since the date of this Indenture, there has been a change
            in the applicable federal income tax law,

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            in either case to the effect that, and based thereon such Opinion of
            Counsel shall confirm that, the Holders of the outstanding Notes
            will not recognize income, gain or loss for federal income tax
            purposes as a result of such Legal Defeasance and will be subject to
            federal income tax on the same amounts, in the same manner and at
            the same times as would have been the case if such Legal Defeasance
            had not occurred;

            (3) in the case of an election under Section 8.03 hereof, the
      Company must deliver to the Trustee an Opinion of Counsel in the United
      States reasonably acceptable to the Trustee confirming that the Holders of
      the outstanding Notes will not recognize income, gain or loss for federal
      income tax purposes as a result of such Covenant Defeasance and will be
      subject to federal income tax on the same amounts, in the same manner and
      at the same times as would have been the case if such Covenant Defeasance
      had not occurred;

            (4) no Default or Event of Default shall have occurred and be
      continuing on the date of such deposit (other than a Default or Event of
      Default resulting from the borrowing of funds to be applied to such
      deposit);

            (5) such Legal Defeasance or Covenant Defeasance will not result in
      a breach or violation of, or constitute a default under, any material
      agreement or instrument (other than this Indenture) to which the Company
      or any of its Subsidiaries is a party or by which the Company or any of
      its Subsidiaries is bound;

            (6) the Company must deliver to the Trustee an Officers' Certificate
      stating that the deposit was not made by the Company with the intent of
      preferring the Holders of Notes over the other creditors of the Company
      with the intent of defeating, hindering, delaying or defrauding any other
      creditors of the Company or others; and

            (7) the Company must deliver to the Trustee an Officers' Certificate
      and an Opinion of Counsel, which Opinion of Counsel may be subject to
      customary assumptions and exclusions, each stating that all conditions
      precedent provided for or relating to the Legal Defeasance or the Covenant
      Defeasance have been complied with.

Section 8.05      Deposited Money and Government Securities to be Held in
Trust; Other Miscellaneous Provisions.

      Subject to Section 8.06 hereof, all money and non-callable Government
Securities (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 8.05, the
"Trustee") pursuant to Section 8.04 hereof in respect of the outstanding Notes
will be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and this Indenture, to the payment, either directly or
through any Paying Agent (including the Company acting as Paying Agent) as the
Trustee may determine, to the Holders of such Notes of all sums due and to
become due thereon in respect of principal, premium and Additional Interest, if
any, and interest, but such money need not be segregated from other funds except
to the extent required by law.

      The Company will pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the cash or non-callable Government
Securities deposited pursuant to Section 8.04 hereof or the principal and
interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the outstanding Notes.

      Notwithstanding anything in this Article 8 to the contrary, the Trustee
will deliver or pay to the Company from time to time upon the request of the
Company any money or non-callable Government Securities held by it as provided
in Section 8.04 hereof which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee

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(which may be the opinion delivered under Section 8.04(1) hereof), are in excess
of the amount thereof that would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance.

Section 8.06      Repayment to Company.

      Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of, premium or Additional
Interest, if any, or interest on any Note and remaining unclaimed for two years
after such principal, premium or Additional Interest, if any, or interest has
become due and payable shall be paid to the Company on its request or (if then
held by the Company) will be discharged from such trust; and the Holder of such
Note will thereafter be permitted to look only to the Company for payment
thereof, and all liability of the Trustee or such Paying Agent with respect to
such trust money, and all liability of the Company as trustee thereof, will
thereupon cease; provided, however, that the Trustee or such Paying Agent,
before being required to make any such repayment, may at the expense of the
Company cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that,
after a date specified therein, which will not be less than 30 days from the
date of such notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company.

Section 8.07      Reinstatement.

      If the Trustee or Paying Agent is unable to apply any United States
dollars or non-callable Government Securities in accordance with Section 8.02 or
8.03 hereof, as the case may be, by reason of any order or judgment of any court
or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company's and the Guarantor's obligations under this
Indenture and the Notes and the Subsidiary Guarantees will be revived and
reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03
hereof until such time as the Trustee or Paying Agent is permitted to apply all
such money in accordance with Section 8.02 or 8.03 hereof, as the case may be;
provided, however, that, if the Company makes any payment of principal of,
premium or Additional Interest, if any, or interest on any Note following the
reinstatement of its obligations, the Company will be subrogated to the rights
of the Holders of such Notes to receive such payment from the money held by the
Trustee or Paying Agent.

                                  ARTICLE 9.
                       AMENDMENT, SUPPLEMENT AND WAIVER

Section 9.01      Without Consent of Holders of Notes.

      Notwithstanding Section 9.02 of this Indenture, the Company, the
Guarantors and the Trustee may amend or supplement this Indenture, the
Subsidiary Guarantees or the Notes without the consent of any Holder of a Note:

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

            (2)   to provide for uncertificated Notes in addition to or in
      place of certificated Notes;

            (3) to provide for the assumption of the Company's obligations to
      Holders of Notes in the case of a merger or consolidation or sale of all
      or substantially all of the Company's assets;

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<PAGE>
            (4) to make any change that would provide any additional rights or
      benefits to the Holders of Notes or that does not adversely affect the
      legal rights under this Indenture of any such Holder;

            (5)   to comply with requirements of the Commission in order to
      effect or maintain the qualification of this Indenture under the TIA;

            (6)   to provide for the issuance of Additional Notes in
      accordance with the limitations set forth in this Indenture as of its
      date; or

            (7) to allow any Guarantor to execute a supplemental indenture
      and/or a Subsidiary Guarantee with respect to the Notes.

      Upon the request of the Company accompanied by a resolution of its Board
of Directors authorizing the execution of any such amended or supplemental
Indenture, and upon receipt by the Trustee of the documents described in Section
7.02 hereof, the Trustee will join with the Company and the Guarantors in the
execution of any amended or supplemental Indenture authorized or permitted by
the terms of this Indenture and to make any further appropriate agreements and
stipulations that may be therein contained, but the Trustee will not be
obligated to enter into such amended or supplemental Indenture that affects its
own rights, duties or immunities under this Indenture or otherwise.

Section 9.02      With Consent of Holders of Notes.

      Except as provided below in this Section 9.02, the Company and the Trustee
may amend or supplement this Indenture (including, without limitation, Section
3.09, 4.10 and 4.15 hereof), the Subsidiary Guarantees and the Notes with the
consent of the Holders of at least a majority in principal amount of the Notes
(including, without limitation, Additional Notes, if any) then outstanding
voting as a single class (including, without limitation, consents obtained in
connection with a purchase of or a tender offer or exchange offer for the
Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or
compliance with any provision of this Indenture or the Notes may be waived with
the consent of the Holders of a majority in principal amount of the then
outstanding Notes voting as a single class (including consents obtained in
connection with a tender offer or exchange offer for, or purchase of, the
Notes). Section 2.08 hereof shall determine which Notes are considered to be
"outstanding" for purposes of this Section 9.02.

      Upon the request of the Company accompanied by a resolution of its Board
of Directors authorizing the execution of any such amended or supplemental
Indenture, and upon the filing with the Trustee of evidence satisfactory to the
Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by
the Trustee of the documents described in Section 7.02 hereof, the Trustee will
join with the Company in the execution of such amended or supplemental Indenture
unless such amended or supplemental Indenture directly affects the Trustee's own
rights, duties or immunities under this Indenture or otherwise, in which case
the Trustee may in its discretion, but will not be obligated to, enter into such
amended or supplemental Indenture.

      It is not be necessary for the consent of the Holders of Notes under this
Section 9.02 to approve the particular form of any proposed amendment or waiver,
but it is sufficient if such consent approves the substance thereof.

      After an amendment, supplement or waiver under this Section 9.02 becomes
effective, the Company will mail to the Holders of Notes affected thereby a
notice briefly describing the amendment, supplement or waiver. Any failure of
the Company to mail such notice, or any defect therein, will not, however, in
any way impair or affect the validity of any such amended or supplemental
Indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a
majority in aggregate principal amount

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of the Notes then outstanding voting as a single class may waive compliance in a
particular instance by the Company with any provision of this Indenture or the
Notes. However, without the consent of each Holder affected, an amendment or
waiver under this Section 9.02 may not (with respect to any Notes held by a
non-consenting Holder):

            (1) reduce the principal amount of Notes whose Holders must consent
      to an amendment, supplement or waiver;

            (2) reduce the principal of or change the fixed maturity of any Note
      or alter or waive any of the provisions with respect to the redemption of
      the Notes except as provided above with respect to Sections 3.09, 4.10 and
      4.15 hereof;

            (3) reduce the rate of or change the time for payment of interest,
      including default interest, on any Note;

            (4) waive a Default or Event of Default in the payment of principal
      of or premium or Additional Interest, if any, or interest on the Notes
      (except a rescission of acceleration of the Notes by the Holders of at
      least a majority in aggregate principal amount of the then outstanding
      Notes and a waiver of the payment default that resulted from such
      acceleration);

            (5) make any Note payable in money other than that stated in the
      Notes;

            (6) make any change in the provisions of this Indenture relating to
      waivers of past Defaults or the rights of Holders of Notes to receive
      payments of principal of, or interest or premium or Additional Interest,
      if any, on the Notes;

            (7) waive a redemption payment with respect to any Note other than a
      payment required by Sections 3.09, 4.10 and 4.15 hereof; or

            (8) make any change in the preceding amendment and waiver
      provisions;

      In addition, any amendment to, or waiver of, the provisions of this
Indenture relating to (i) subordination that adversely affects the rights of the
Holders of the Notes or (ii) the release of any Guarantor from any of its
obligations under its Subsidiary Guarantee or this Indenture, except in
accordance with the terms of this Indenture, will require the consent of the
Holders of at least 75% in aggregate principal amount of notes then outstanding.

Section 9.03      Compliance with Trust Indenture Act.

      Every amendment or supplement to this Indenture or the Notes will be set
forth in a amended or supplemental Indenture that complies with the TIA as then
in effect.

Section 9.04      Revocation and Effect of Consents.

      Until an amendment, supplement or waiver becomes effective, a consent to
it by a Holder of a Note is a continuing consent by the Holder of a Note and
every subsequent Holder of a Note or portion of a Note that evidences the same
debt as the consenting Holder's Note, even if notation of the consent is not
made on any Note. However, any such Holder of a Note or subsequent Holder of a
Note may revoke the consent as to its Note if the Trustee receives written
notice of revocation before the date the waiver, supplement or amendment becomes
effective. An amendment, supplement or waiver becomes effective in accordance
with its terms and thereafter binds every Holder.

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Section 9.05      Notation on or Exchange of Notes.

      The Trustee may place an appropriate notation about an amendment,
supplement or waiver on any Note thereafter authenticated. The Company in
exchange for all Notes may issue and the Trustee shall, upon receipt of an
Authentication Order, authenticate new Notes that reflect the amendment,
supplement or waiver.

      Failure to make the appropriate notation or issue a new Note will not
affect the validity and effect of such amendment, supplement or waiver.

Section 9.06      Trustee to Sign Amendments, etc.

      The Trustee will sign any amended or supplemental Indenture authorized
pursuant to this Article 9 if the amendment or supplement does not adversely
affect the rights, duties, liabilities or immunities of the Trustee. The Company
may not sign an amendment or supplemental Indenture until the Board of Directors
approves it. In executing any amended or supplemental indenture, the Trustee
will be entitled to receive and (subject to Section 7.01 hereof) will be fully
protected in relying upon, in addition to the documents required by Section
13.04 hereof, an Officers' Certificate and an Opinion of Counsel stating that
the execution of such amended or supplemental Indenture is authorized or
permitted by this Indenture.

                                   ARTICLE 10.
                                  SUBORDINATION

Section 10.01     Agreement to Subordinate.

      The Company agrees, and each Holder by accepting a Note agrees, that the
Indebtedness evidenced by the Notes is subordinated in right of payment, to the
extent and in the manner provided in this Article 10, to the prior payment in
full in cash or Cash Equivalents of all Senior Debt (whether outstanding on the
date hereof or hereafter created, incurred, assumed or guaranteed), and that the
subordination is for the benefit of the holders of Senior Debt.

Section 10.02     Liquidation; Dissolution; Bankruptcy.

      Upon any distribution to creditors of the Company in a liquidation or
dissolution of the Company or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to the Company or its property, in
an assignment for the benefit of creditors or any marshaling of the Company's
assets and liabilities:

            (1) holders of Senior Debt will be entitled to receive payment in
      full of all Obligations in cash or Cash Equivalents due in respect of such
      Senior Debt (including interest after the commencement of any bankruptcy
      proceeding at the rate specified in the applicable Senior Debt) before the
      Holders of Notes will be entitled to receive any payment with respect to
      the Notes (except that Holders of Notes may receive and retain Permitted
      Junior Securities and payments made from any defeasance trust created
      pursuant to Section 8.01 hereof); and

            (2) until all Obligations with respect to Senior Debt (as provided
      in clause (1) above) are paid in full in cash or Cash Equivalents, any
      distribution to which Holders would be entitled but for this Article 10
      will be made to holders of Senior Debt (except that Holders of Notes may
      receive and retain Permitted Junior Securities and payments made from any
      defeasance trust created pursuant to Section 8.01 hereof), as their
      interests may appear.

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Section 10.03     Default on Designated Senior Debt.

      (a) The Company may not make any payment or distribution to the Trustee or
any Holder in respect of Obligations with respect to the Notes and may not
acquire from the Trustee or any Holder any Notes for cash or property (other
than Permitted Junior Securities and payments made from any defeasance trust
created pursuant to Section 8.01 hereof) until all principal and other
Obligations with respect to the Senior Debt have been paid in full in cash or
Cash Equivalents if:

            (1) payment default on Designated Senior Debt occurs and is
      continuing beyond any applicable grace period in the agreement, indenture
      or other document governing such Designated Senior Debt; or

            (2) any other default occurs and is continuing on any series of
      Designated Senior Debt that permits holders of that series of Designated
      Senior Debt to accelerate its maturity and the Trustee receives a notice
      of such default (a "Payment Blockage Notice") from the holders of any
      Designated Senior Debt or their representative. If the Trustee receives
      any such Payment Blockage Notice, no subsequent Payment Blockage Notice
      will be effective for purposes of this Section unless and until (A) at
      least 360 days have elapsed since the delivery of the immediately prior
      Payment Blockage Notice and (B) all scheduled payments of principal,
      premium and Additional Interest, if any, and interest on the Notes that
      have come due have been paid in full in cash or Cash Equivalents.

      No nonpayment default that existed or was continuing on the date of
delivery of any Payment Blockage Notice to the Trustee may be, or may be made,
the basis for a subsequent Payment Blockage Notice.

      (b) The Company may and will resume payments on and distributions in
respect of the Notes and may acquire them upon the earlier of:

            (1)   in the case of a payment default, upon the date upon which
      such default is cured or waived, or

            (2) in the case of a nonpayment default, upon the earlier of the
      date on which such nonpayment default is cured or waived or 179 days after
      the date on which the applicable Payment Blockage Notice is received,
      unless the maturity of any Designated Senior Debt has been accelerated,

if this Article 10 otherwise permits the payment, distribution or acquisition at
the time of such payment or acquisition.

Section 10.04     Acceleration of Notes.

      If payment of the Notes is accelerated because of an Event of Default, the
Company will promptly notify holders of Senior Debt of the acceleration.

Section 10.05     When Distribution Must Be Paid Over.

      In the event that the Trustee or any Holder receives any payment of any
Obligations with respect to the Notes (other than Permitted Junior Securities
and payments made from any defeasance trust created pursuant to Section 8.01
hereof) at a time when such payment is prohibited by Section 10.03 hereof, such
payment will be held by the Trustee or such Holder, in trust for the benefit of,
and will be paid forthwith over and delivered, upon written request, to, the
holders of Senior Debt as their interests may appear or their Representative
under the agreement, indenture or other document (if any) pursuant to which
Senior

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Debt may have been issued, as their respective interests may appear, for
application to the payment of all Obligations with respect to Senior Debt
remaining unpaid to the extent necessary to pay such Obligations in full in cash
or Cash Equivalents in accordance with their terms, after giving effect to any
concurrent payment or distribution to or for the holders of Senior Debt.

      With respect to the holders of Senior Debt, the Trustee undertakes to
perform only those obligations on the part of the Trustee as are specifically
set forth in this Article 10, and no implied covenants or obligations with
respect to the holders of Senior Debt will be read into this Indenture against
the Trustee. The Trustee will not be deemed to owe any fiduciary duty to the
holders of Senior Debt, and will not be liable to any such holders if the
Trustee pays over or distributes to or on behalf of Holders or the Company or
any other Person money or assets to which any holders of Senior Debt are then
entitled by virtue of this Article 10, except if such payment is made as a
result of the willful misconduct or gross negligence of the Trustee.

Section 10.06     Notice by Company.

      The Company will promptly notify the Trustee and the Paying Agent of any
facts known to the Company that would cause a payment of any Obligations with
respect to the Notes to violate this Article 10, but failure to give such notice
will not affect the subordination of the Notes to the Senior Debt as provided in
this Article 10.

Section 10.07     Subrogation.

      After all Senior Debt is paid in full in cash or Cash Equivalents and
until the Notes are paid in full, Holders of Notes will be subrogated (equally
and ratably with all other Indebtedness pari passu with the Notes) to the rights
of holders of Senior Debt to receive distributions applicable to Senior Debt to
the extent that distributions otherwise payable to the Holders of Notes have
been applied to the payment of Senior Debt. A distribution made under this
Article 10 to holders of Senior Debt that otherwise would have been made to
Holders of Notes is not, as between the Company and Holders, a payment by the
Company on the Notes.

Section 10.08     Relative Rights.

      This Article 10 defines the relative rights of Holders of Notes and
holders of Senior Debt. Nothing in this Indenture will:

            (1) impair, as between the Company and Holders of Notes, the
      obligation of the Company, which is absolute and unconditional, to pay
      principal of, premium and interest and Additional Interest, if any, on the
      Notes in accordance with their terms;

            (2) affect the relative rights of Holders of Notes and creditors of
      the Company other than their rights in relation to holders of Senior Debt;
      or

            (3) prevent the Trustee or any Holder of Notes from exercising its
      available remedies upon a Default or Event of Default, subject to the
      rights of holders and owners of Senior Debt to receive distributions and
      payments otherwise payable to Holders of Notes;

      provided, however, that all Senior Debt then due and payable or thereafter
declared to be due and payable shall first be paid in full, in cash or Cash
Equivalents, before the Holders or the Trustee are entitled to receive any
direct or indirect payment from the Company of Obligations with respect to the
Notes.

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      If the Company fails because of this Article 10 to pay principal of,
premium or interest or Additional Interest, if any, on a Note on the due date,
the failure is still a Default or Event of Default.

Section 10.09     Subordination May Not Be Impaired by Company.

      No right of any holder of Senior Debt to enforce the subordination of the
Indebtedness evidenced by the Notes may be impaired by any act or failure to act
by the Company or any Holder or by the failure of the Company or any Holder to
comply with this Indenture.

Section 10.10     Distribution or Notice to Representative.

      Whenever a distribution is to be made or a notice given to or by holders
of Senior Debt, the distribution may be made and the notice given to or by their
Representative.

      Upon any payment or distribution of assets of the Company referred to in
this Article 10, the Trustee and the Holders of Notes will be entitled to rely
upon any order or decree made by any court of competent jurisdiction or upon any
certificate of such Representative or of the liquidating trustee or agent or
other Person making any distribution to the Trustee or to the Holders of Notes
for the purpose of ascertaining the Persons entitled to participate in such
distribution, the holders of the Senior Debt and other Indebtedness of the
Company, the amount thereof or payable thereon, the amount or amounts paid or
distributed thereon and all other facts pertinent thereto or to this Article 10.

Section 10.11     Rights of Trustee and Paying Agent.

      Notwithstanding the provisions of this Article 10 or any other provision
of this Indenture, the Trustee will not be charged with knowledge of the
existence of any facts that would prohibit the making of any payment or
distribution by the Trustee, and the Trustee and the Paying Agent may continue
to make payments on the Notes, unless the Trustee has received at its Corporate
Trust Office at least five Business Days prior to the date of such payment
written notice of facts that would cause the payment of any Obligations with
respect to the Notes to violate this Article 10. Only the Company or a
Representative may give the notice. Nothing in this Article 10 will impair the
claims of, or payments to, the Trustee under or pursuant to Section 7.07 hereof.

      The Trustee in its individual or any other capacity may hold Senior Debt
with the same rights it would have if it were not Trustee. Any Paying Agent may
do the same with like rights.

Section 10.12     Authorization to Effect Subordination.

      Each Holder of Notes, by the Holder's acceptance thereof, authorizes and
directs the Trustee on such Holder's behalf to take such action as may be
necessary or appropriate to effectuate the subordination as provided in this
Article 10, and appoints the Trustee to act as such Holder's attorney-in-fact
for any and all such purposes. If the Trustee does not file a proper proof of
claim or proof of debt in the form required in any proceeding referred to in
Section 6.09 hereof at least 30 days before the expiration of the time to file
such claim, the Representatives are hereby authorized to file an appropriate
claim for and on behalf of the Holders of the Notes.

Section 10.13     Amendments.

      The provisions of this Article 10 may not be amended or modified without
the written consent of such holders of Senior Debt as are required under the
agreement, indenture or other document (if any) governing such Senior Debt. In
addition, any amendment to, or waiver of, the provisions of this Article 10 that
adversely affects the rights of the Holders of the Notes will require the
consent of the Holders of at least 75% in aggregate principal amount of Notes
then outstanding.

                                       72
<PAGE>
Section 10.14     Reinstatement.

      To the extent any payment of Senior Debt (whether by or on behalf of the
Company, as proceeds of security or enforcement of any right of setoff or
otherwise) is declared to be fraudulent or preferential, set aside or required
to be paid to any receiver, trustee in bankruptcy, liquidating trustee, agent or
other similar Person under any bankruptcy, insolvency, receivership, fraudulent
conveyance or similar law, then if such payment is recovered by, or paid over
to, such receiver, trustee in bankruptcy, liquidating trustee or other similar
Person, the Senior Debt or part thereof originally intended to be satisfied
shall be deemed to be reinstated and outstanding as if such payment had not
occurred. To the extent the obligation to repay any Senior Debt is declared to
be fraudulent, invalid, or otherwise set aside under any bankruptcy, insolvency,
receivership, fraudulent conveyance or similar law, then the obligation so
declared fraudulent, invalid or otherwise set aside (and all other amounts that
would come due with respect thereto had such obligation not been so affected)
shall be deemed to be reinstated and outstanding as Senior Debt for all purposes
hereof as if such declaration, invalidity or setting aside had not occurred.

Section 10.15     No Waiver of Subordination Provisions.

      Without in any way limiting the generality of Section 10.09, such holders
of Senior Debt as are required or permitted under the agreement, indenture or
other document (if any) governing such Senior Debt, may, at any time and from
time to time, without the consent of or notice to the Trustee or the Holders,
without incurring responsibility to the Holders and without impairing or
releasing the subordination provided in this Article 10 or the obligations
hereunder of the Holders to the holders of Senior Debt, do any one or more of
the following: (a) change the manner, place or terms of payment or extend the
time of payment, or renew or alter, Senior Debt or any instrument evidencing the
same or any agreement under which Senior Debt is outstanding or secured; (b)
sell, exchange or otherwise deal with any property pledged, mortgaged or
otherwise securing Senior Debt; (c) release any Person liable in any manner for
the collection of Senior Debt and (d) exercise or refrain from exercising any
rights against the Company and any other Person.

                                 ARTICLE 11.
                               NOTE GUARANTEES

Section 11.01     Guarantee.

      (a) Subject to this Article 11, each of the Guarantors hereby, jointly and
severally, unconditionally guarantees to each Holder of a Note authenticated and
delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of this Indenture, the Notes or
the obligations of the Company hereunder or thereunder, that:

            (1) the principal of, premium and Additional Interest, if any, and
      interest on the Notes will be promptly paid in full when due, whether at
      maturity, by acceleration, redemption or otherwise, and interest on the
      overdue principal of and interest on the Notes, if any, if lawful, and all
      other obligations of the Company to the Holders or the Trustee hereunder
      or thereunder will be promptly paid in full or performed, all in
      accordance with the terms hereof and thereof; and

            (2) in case of any extension of time of payment or renewal of any
      Notes or any of such other obligations, that same will be promptly paid in
      full when due or performed in accordance with the terms of the extension
      or renewal, whether at stated maturity, by acceleration or otherwise.

                                       73
<PAGE>
      Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Guarantors will be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a
guarantee of payment and not a guarantee of collection.

      (b) The Guarantors hereby agree that their obligations hereunder are
unconditional, irrespective of the validity, regularity or enforceability of the
Notes or this Indenture, the absence of any action to enforce the same, any
waiver or consent by any Holder of the Notes with respect to any provisions
hereof or thereof, the recovery of any judgment against the Company, any action
to enforce the same or any other circumstance which might otherwise constitute a
legal or equitable discharge or defense of a guarantor. Each Guarantor hereby
waives diligence, presentment, demand of payment, filing of claims with a court
in the event of insolvency or bankruptcy of the Company, any right to require a
proceeding first against the Company, protest, notice and all demands whatsoever
and covenant that this Subsidiary Guarantee will not be discharged except by
complete performance of the obligations contained in the Notes and this
Indenture.

      (c) If any Holder or the Trustee is required by any court or otherwise to
return to the Company, the Guarantors or any custodian, trustee, liquidator or
other similar official acting in relation to either the Company or the
Guarantors, any amount paid by either to the Trustee or such Holder, this
Subsidiary Guarantee, to the extent theretofore discharged, will be reinstated
in full force and effect.

      (d) Each Guarantor agrees that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed
hereby until payment in full of all obligations guaranteed hereby. Each
Guarantor further agrees that, as between the Guarantors, on the one hand, and
the Holders and the Trustee, on the other hand, (1) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article 6 hereof
for the purposes of this Subsidiary Guarantee, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the
obligations guaranteed hereby, and (2) in the event of any declaration of
acceleration of such obligations as provided in Article 6 hereof, such
obligations (whether or not due and payable) will forthwith become due and
payable by the Guarantors for the purpose of this Subsidiary Guarantee. The
Guarantors will have the right to seek contribution from any non-paying
Guarantor so long as the exercise of such right does not impair the rights of
the Holders under the Subsidiary Guarantee.

Section 11.02     Limitation on Guarantor Liability.

      Each Guarantor, and by its acceptance of Notes, each Holder, hereby
confirms that it is the intention of all such parties that the Subsidiary
Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance
for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the
extent applicable to any Subsidiary Guarantee. To effectuate the foregoing
intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree
that the obligations of such Guarantor will, after giving effect to such maximum
amount and all other contingent and fixed liabilities of such Guarantor that are
relevant under such laws, and after giving effect to any collections from,
rights to receive contribution from or payments made by or on behalf of any
other Guarantor in respect of the obligations of such other Guarantor under this
Article 11, result in the obligations of such Guarantor under its Subsidiary
Guarantee not constituting a fraudulent transfer or conveyance.

Section 11.03     Execution and Delivery of Subsidiary Guarantee.

      To evidence its Subsidiary Guarantee set forth in Section 11.01, each
Guarantor hereby agrees that a notation of such Subsidiary Guarantee
substantially in the form attached as Exhibit E hereto will be endorsed by an
Officer of such Guarantor on each Note authenticated and delivered by the
Trustee and that this Indenture will be executed on behalf of such Guarantor by
one of its Officers.

                                       74
<PAGE>
      Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in
Section 11.01 will remain in full force and effect notwithstanding any failure
to endorse on each Note a notation of such Subsidiary Guarantee.

      If an Officer whose signature is on this Indenture or on the Subsidiary
Guarantee no longer holds that office at the time the Trustee authenticates the
Note on which a Subsidiary Guarantee is endorsed, the Subsidiary Guarantee will
be valid nevertheless.

      The delivery of any Note by the Trustee, after the authentication thereof
hereunder, will constitute due delivery of the Subsidiary Guarantee set forth in
this Indenture on behalf of the Guarantors.

      In the event that the Company creates or acquires any Domestic Subsidiary
after the date of this Indenture, if required by Section 4.18 hereof, the
Company will cause such Domestic Subsidiary to comply with the provisions of
Section 4.18 hereof and this Article 11, to the extent applicable.

Section 11.04     Guarantors May Consolidate, etc., on Certain Terms.

      Except as otherwise provided in Section 11.05, no Guarantor may sell or
otherwise dispose of all or substantially all of its assets to, or consolidate
with or merge with or into (whether or not such Guarantor is the surviving
Person) another Person, other than the Company or another Guarantor, unless:

            (1)   immediately after giving effect to such transaction, no
      Default or Event of Default exists; and

            (2) if the Person acquiring the property in any such sale or
      disposition or the Person formed by or surviving any such consolidation or
      merger is a Restricted Subsidiary immediately following such transaction,
      such Person assumes all the obligations of that Guarantor under this
      Indenture, its Subsidiary Guarantee and the Registration Rights Agreement
      pursuant to a supplemental indenture satisfactory to the Trustee.

      In case of any such consolidation, merger, sale or conveyance and upon the
assumption by the successor Person, by supplemental indenture, executed and
delivered to the Trustee and satisfactory in form to the Trustee, of the
Subsidiary Guarantee endorsed upon the Notes and the due and punctual
performance of all of the covenants and conditions of this Indenture to be
performed by the Guarantor, such successor Person will succeed to and be
substituted for the Guarantor with the same effect as if it had been named
herein as a Guarantor. Such successor Person thereupon may cause to be signed
any or all of the Subsidiary Guarantees to be endorsed upon all of the Notes
issuable hereunder which theretofore shall not have been signed by the Company
and delivered to the Trustee. All the Subsidiary Guarantees so issued will in
all respects have the same legal rank and benefit under this Indenture as the
Subsidiary Guarantees theretofore and thereafter issued in accordance with the
terms of this Indenture as though all of such Subsidiary Guarantees had been
issued at the date of the execution hereof.

      Except as set forth in Articles 4 and 5 hereof, and notwithstanding
clauses (a) and (b) above, nothing contained in this Indenture or in any of the
Notes will prevent any consolidation or merger of a Guarantor with or into the
Company or another Guarantor, or will prevent any sale or conveyance of the
property of a Guarantor as an entirety or substantially as an entirety to the
Company or another Guarantor.

Section 11.05     Releases Following Sale of Assets.

      In the event of any sale or other disposition of all or substantially all
of the assets of any Guarantor, by way of merger, consolidation or otherwise, or
a sale or other disposition of all to the Capital Stock of any Guarantor, in
each case to a Person that is not (either before or after giving effect to such
transactions) a Restricted Subsidiary of the Company, then such Guarantor (in
the event of a sale or

                                       75
<PAGE>
other disposition, by way of merger, consolidation or otherwise, of all of the
capital stock of such Guarantor) or the corporation acquiring the property (in
the event of a sale or other disposition of all or substantially all of the
assets of such Guarantor) will be released and relieved of any obligations under
its Subsidiary Guarantee; provided that the Net Proceeds of such sale or other
disposition are applied in accordance with the applicable provisions of this
Indenture, including without limitation Section 4.10 hereof. Upon delivery by
the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel
to the effect that such sale or other disposition, merger or consolidation was
made by the Company in accordance with the provisions of this Indenture,
including without limitation Section 4.10 hereof, the Trustee will execute any
documents reasonably required in order to evidence the release of any Guarantor
from its obligations under its Subsidiary Guarantee.

      Any Guarantor not released from its obligations under its Subsidiary
Guarantee will remain liable for the full amount of principal of and interest on
the Notes and for the other obligations of any Guarantor under this Indenture as
provided in this Article 11.

Section 11.06     Subordination of Subsidiary Guarantee.

            The Obligations of each Guarantor under its Subsidiary Guarantee
pursuant to this Article 11 will be junior and subordinated to the Senior Debt
of such Guarantor on the same basis as the Notes are junior and subordinated to
Senior Debt of the Company. For the purposes of the foregoing sentence, the
Trustee and the Holders will have the right to receive and/or retain payments by
any of the Guarantors only at such times as they may receive and/or retain
payments in respect of the Notes pursuant to this Indenture, including Article
10 hereof.

Section 11.07     Release Following Designation as an Unrestricted Subsidiary.

            In the event the Company designates any Guarantor as an Unrestricted
Subsidiary in accordance with Section 4.19, the Obligations of such Guarantor
under its Subsidiary Guarantee pursuant to this Article 11 shall be released.

                                 ARTICLE 12.
                          SATISFACTION AND DISCHARGE

Section 12.01     Satisfaction and Discharge.

      This Indenture will be discharged and will cease to be of further effect
as to all Notes issued hereunder, when:

            (1)   either:

                  (a) all Notes that have been authenticated (except lost,
      stolen or destroyed Notes that have been replaced or paid and Notes for
      whose payment money has theretofore been deposited in trust and thereafter
      repaid to the Company) have been delivered to the Trustee for
      cancellation; or

                  (b) all Notes that have not been delivered to the Trustee for
      cancellation have become due and payable by reason of the making of a
      notice of redemption or otherwise or will become due and payable within
      one year and the Company or any Guarantor has irrevocably deposited or
      caused to be deposited with the Trustee as trust funds in trust solely for
      the benefit of the Holders, cash in U.S. dollars, non-callable Government
      Securities, or a combination thereof, in such amounts as will be
      sufficient without consideration of any reinvestment of interest, to pay
      and discharge the entire indebtedness on the Notes not previously
      delivered to the Trustee for

                                       76
<PAGE>
      cancellation for principal, premium and Additional Interest, if any, and
      accrued interest to the date of maturity or redemption;

            (2) no Default or Event of Default has occurred and is continuing on
      the date of such deposit or will occur as a result of such deposit and
      such deposit will not result in a breach or violation of, or constitute a
      default under, any other instrument to which the Company or any Guarantor
      is a party or by which the Company or any Guarantor is bound;

            (3)   the Company or any Guarantor has paid or caused to be paid
      all other sums payable by it under this Indenture; and

            (4) the Company has delivered irrevocable instructions to the
      Trustee under this Indenture to apply the deposited money toward the
      payment of the Notes at maturity or the redemption date, as the case may
      be.

      In addition, the Company must deliver an Officers' Certificate and an
Opinion of Counsel, which Opinion of Counsel may be subject to customary
assumptions and exclusions, to the Trustee stating that all conditions precedent
to satisfaction and discharge have been satisfied.

      Notwithstanding the satisfaction and discharge of this Indenture, if money
has been deposited with the Trustee pursuant to subclause (b) of clause (1) of
this Section, the provisions of Section 12.02 and Section 8.06 will survive. In
addition, nothing in this Section 12.01 will be deemed to discharge those
provisions of Section 7.07 hereof, that, by their terms, survive the
satisfaction and discharge of this Indenture.

Section 12.02     Application of Trust Money.

      Subject to the provisions of Section 8.06, all money deposited with the
Trustee pursuant to Section 12.01 shall be held in trust and applied by it, in
accordance with the provisions of the Notes and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its
own Paying Agent) as the Trustee may determine, to the Persons entitled thereto,
of the principal (and premium, if any) and interest for whose payment such money
has been deposited with the Trustee; but such money need not be segregated from
other funds except to the extent required by law.

      If the Trustee or Paying Agent is unable to apply any money or Government
Securities in accordance with Section 12.01 by reason of any legal proceeding or
by reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, the Company's
and any Guarantor's obligations under this Indenture and the Notes shall be
revived and reinstated as though no deposit had occurred pursuant to Section
12.01; provided that if the Company has made any payment of principal of,
premium, if any, or interest on any Notes because of the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of
such Notes to receive such payment from the money or Government Securities held
by the Trustee or Paying Agent.

                                 ARTICLE 13.
                                MISCELLANEOUS

Section 13.01     Trust Indenture Act Controls.

      If any provision of this Indenture limits, qualifies or conflicts with the
duties imposed by TIA Section 318(c), the imposed duties will control.

                                       77
<PAGE>
Section 13.02     Notices.

      Any notice or communication by the Company, any Guarantor or the Trustee
to the others is duly given if in writing and delivered in Person or mailed by
first class mail (registered or certified, return receipt requested), telex,
telecopier or overnight air courier guaranteeing next day delivery, to the
others' address:

      If to the Company and/or any Guarantor:

      Block Communications, Inc.
      541 N. Superior Street
      Toledo, Ohio 43660
      Telecopier No.:  (419) 241-4215
      Attention:  Gary Blair

      With a copy to:

      Fritz Byers, Esquire
      824 Spritzer Building
      Toledo, OH [43660]
      Telecopier No.: (419) 241-4215

      and

      Reed Smith LLP
      435 Sixth Avenue
      Pittsburgh, Pennsylvania 15219
      Telecopier No.:  (412) 288-3063
      Attention:  Nelson Winter, Esquire

      If to the Trustee:

      Wells Fargo Bank Minnesota,
      National Association
      213 Court St., Suite 902
      Middletown, Connecticut 06457
      Telecopier No.:  (860) 704-6219
      Attention:  Frank McDonald

      The Company, any Guarantor or the Trustee, by notice to the others may
designate additional or different addresses for subsequent notices or
communications.

      All notices and communications (other than those sent to Holders) will be
deemed to have been duly given: at the time delivered by hand, if personally
delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; when answered back, if telexed; when receipt acknowledged,
if telecopied; and the next Business Day after timely delivery to the courier,
if sent by overnight air courier guaranteeing next day delivery.

      Any notice or communication to a Holder will be mailed by first class
mail, certified or registered, return receipt requested, or by overnight air
courier guaranteeing next day delivery to its address shown on the register kept
by the Registrar. Any notice or communication will also be so mailed

                                       78
<PAGE>
to any Person described in TIA Section 313(c), to the extent required by the
TIA. Failure to mail a notice or communication to a Holder or any defect in it
will not affect its sufficiency with respect to other Holders.

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

      If the Company mails a notice or communication to Holders, it will mail a
copy to the Trustee and each Agent at the same time.

Section 13.03     Communication by Holders of Notes with Other Holders of Notes.

      Holders may communicate pursuant to TIA Section 312(b) with other Holders
with respect to their rights under this Indenture or the Notes. The Company, the
Trustee, the Registrar and anyone else shall have the protection of TIA Section
312(c).

Section 13.04     Certificate and Opinion as to Conditions Precedent.

      Upon any request or application by the Company to the Trustee to take any
action under this Indenture, the Company shall furnish to the Trustee:

            (1) an Officers' Certificate in form and substance reasonably
      satisfactory to the Trustee (which must include the statements set forth
      in Section 13.05 hereof) stating that, in the opinion of the signers, all
      conditions precedent and covenants, if any, provided for in this Indenture
      relating to the proposed action have been satisfied; and

            (2) an Opinion of Counsel in form and substance reasonably
      satisfactory to the Trustee (which must include the statements set forth
      in Section 13.05 hereof) stating that, in the opinion of such counsel, all
      such conditions precedent and covenants have been satisfied.

Section 13.05     Statements Required in Certificate or Opinion.

      Each certificate or opinion with respect to compliance with a condition or
covenant provided for in this Indenture (other than a certificate provided
pursuant to TIA Section 314(a)(4)) must comply with the provisions of TIA
Section 314(e) and must include:

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

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

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

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

Section 13.06     Rules by Trustee and Agents.

      The Trustee may make reasonable rules for action by or at a meeting of
Holders. The Registrar or Paying Agent may make reasonable rules and set
reasonable requirements for its functions.

                                       79
<PAGE>
Section 13.07     No Personal Liability of Directors, Officers, Employees and
Stockholders.

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

Section 13.08     Governing Law.

      THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO
CONSTRUE THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

Section 13.09     No Adverse Interpretation of Other Agreements.

      This Indenture may not be used to interpret any other indenture, loan or
debt agreement of the Company or its Subsidiaries or of any other Person. Any
such indenture, loan or debt agreement may not be used to interpret this
Indenture.

Section 13.10     Successors.

      All agreements of the Company in this Indenture and the Notes will bind
its successors. All agreements of the Trustee in this Indenture will bind its
successors. All agreements of each Guarantor in this Indenture will bind its
successors, except as otherwise provided in Section 11.05.

Section 13.11     Severability.

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

Section 13.12     Counterpart Originals.

      The parties may sign any number of copies of this Indenture. Each signed
copy will be an original, but all of them together represent the same agreement.

Section 13.13     Table of Contents, Headings, etc.

      The Table of Contents, Cross-Reference Table and Headings of the Articles
and Sections of this Indenture have been inserted for convenience of reference
only, are not to be considered a part of this Indenture and will in no way
modify or restrict any of the terms or provisions hereof.

                        [Signatures on following page]

                                       80
<PAGE>
                                  SIGNATURES

Dated as of April 18, 2002
                                    BLOCK COMMUNICATIONS, INC.

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

                                    ACCESS TOLEDO, LTD.

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

                                    BUCKEYE CABLEVISION, INC.

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

                                    BUCKEYE TELESYSTEM, INC.

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

                                    CARS HOLDING, INC.

                                    --------------------------------------------
                                    Name:
                                    Title:
<PAGE>
                                    COMMUNITY COMMUNICATION SERVICES, INC.

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

                                    CORPORATE PROTECTION SERVICES, INC.

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

                                    ERIE COUNTY CABLEVISION, INC.

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

                                    IDAHO INDEPENDENT TELEVISION, INC.

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

                                    INDEPENDENCE TELEVISION COMPANY

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

                                    LIMA COMMUNICATION CORPORATION

                                    --------------------------------------------
                                    Name:
                                    Title:
<PAGE>
                                    METRO FIBER & CABLE CONSTRUCTION COMPANY

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

                                    MONROE CABLEVISION, INC.

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

                                    Title:

                                    PG PUBLISHING COMPANY

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

                                    TOLEDO AREA TELECOMMUNICATIONS SERVICES,INC.

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

                                    WLFI-TV-INC.

                                    --------------------------------------------
                                    Name:
                                    Title:
<PAGE>
                                    WELLS FARGO BANK MINNESOTA, NATIONAL
                                    NATIONAL ASSOCIATION

                                    By:
                                        --------------------------------------
                                        Name:
                                        Title:
<PAGE>
                                  SCHEDULE I

                            SCHEDULE OF GUARANTORS

      The following schedule lists each Guarantor under this Indenture as of the
date of this Indenture:

      Access Toledo, Ltd., an Ohio limited liability corporation
      Buckeye Cablevision, Inc., an Ohio corporation
      Buckeye TeleSystem, Inc., an Ohio corporation
      CARS Holding, Inc., an Ohio corporation
      Community Communication Services, Inc., an Ohio corporation
      Corporate Protection Services, Inc., an Ohio corporation
      Erie County Cablevision, Inc., an Ohio corporation
      Idaho Independent Television, Inc., an Idaho corporation
      Independence Television Company, a Pennsylvania corporation
      Lima Communications Corporation, an Ohio corporation
      Metro Fiber & Cable Construction Company, an Ohio corporation
      Monroe Cablevision, Inc., a Michigan corporation
      PG Publishing Company, a Pennsylvania corporation
      Toledo Area Telecommunications Services, Inc., an Ohio corporation
      WLFI-TV, Inc., an Indiana corporation
<PAGE>
                                                                    EXHIBIT A1

                                [Face of Note]

                                                         CUSIP/CINS ____________

         _____% [Series A] [Series B] Senior Subordinated Notes due 2009

No. ___                                                            $____________

                          BLOCK COMMUNICATIONS, INC.

promises to pay to CEDE & CO.

or registered assigns,

the principal sum of ___________________________________________________________

Dollars on _____________, 20___.

Interest Payment Dates:  ____________ and ____________

Record Dates:  ____________ and ____________

Dated:  _______________, 2002

                                    BLOCK COMMUNICATIONS, INC.

                                    By: ______________________________________
                                        Name:
                                        Title:

                                    By: ______________________________________
                                        Name:
                                        Title:

This is one of the Notes referred to in the within-mentioned Indenture:

WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION,
  as Trustee

By: ______________________________________
        Authorized Signatory

                                      A1-1
<PAGE>
                                [Back of Note]

         ___% [Series A] [Series B] Senior Subordinated Notes due 2009

[Insert the Global Note Legend, if applicable pursuant to the provisions of
the Indenture]

[Insert the Private Placement Legend, if applicable pursuant to the
provisions of the Indenture]

      Capitalized terms used herein have the meanings assigned to them in the
Indenture referred to below unless otherwise indicated.

            (1) INTEREST. Block Communications, Inc., an Ohio corporation (the
      "Company"), promises to pay interest on the principal amount of this Note
      at ___% per annum from April _____, 2002 until maturity and shall pay the
      Additional Interest, if any, payable pursuant to Section 5 of the
      Registration Rights Agreement referred to below. The Company will pay
      interest and Additional Interest, if any, semi-annually in arrears on
      _____ and _____ of each year, or if any such day is not a Business Day, on
      the next succeeding Business Day (each, an "Interest Payment Date").
      Interest on the Notes will accrue from the most recent date to which
      interest has been paid or, if no interest has been paid, from the date of
      issuance; provided that if there is no existing Default in the payment of
      interest, and if this Note is authenticated between a record date referred
      to on the face hereof and the next succeeding Interest Payment Date,
      interest shall accrue from such next succeeding Interest Payment Date;
      provided, further, that the first Interest Payment Date shall be _____,
      2002. The Company will pay interest (including post-petition interest in
      any proceeding under any Bankruptcy Law) on overdue principal and premium,
      if any, from time to time on demand at a rate that is 1% per annum in
      excess of the rate then in effect; it will pay interest (including
      post-petition interest in any proceeding under any Bankruptcy Law) on
      overdue installments of interest and Additional Interest, if any, (without
      regard to any applicable grace periods) from time to time on demand at the
      same rate to the extent lawful. Interest will be computed on the basis of
      a 360-day year of twelve 30-day months.

            (2) METHOD OF PAYMENT. The Company will pay interest on the Notes
      (except defaulted interest) and Additional Interest, if any, to the
      Persons who are registered Holders of Notes at the close of business on
      the ______ or ______ next preceding the Interest Payment Date, even if
      such Notes are canceled after such record date and on or before such
      Interest Payment Date, except as provided in Section 2.12 of the Indenture
      with respect to defaulted interest. The Notes will be payable as to
      principal, premium and Additional Interest, if any, and interest at the
      office or agency of the Company maintained for such purpose within the
      City and State of New York, or, at the option of the Company, payment of
      interest and Additional Interest, if any, may be made by check mailed to
      the Holders at their addresses set forth in the register of Holders;
      provided that payment by wire transfer of immediately available funds will
      be required with respect to principal of and interest, premium and
      Additional Interest, if any, on, all Global Notes and all other Notes the
      Holders of which will have provided wire transfer instructions to the
      Company or the Paying Agent. Such payment will be in such coin or currency
      of the United States of America as at the time of payment is legal tender
      for payment of public and private debts.

            (3)   PAYING AGENT AND REGISTRAR.  Initially, Wells Fargo Bank
      Minnesota, National Association, the Trustee under the Indenture, will
      act as Paying Agent and Registrar.  The Company may change any Paying
      Agent or Registrar without notice to any Holder.  The Company or any of
      its Subsidiaries may act in any such capacity.

            (4) INDENTURE. The Company issued the Notes under an Indenture dated
      as of April ___, 2002 (the "Indenture") among the Company, the Guarantors
      and the Trustee. The terms of the

                                      A1-2
<PAGE>
      Notes include those stated in the Indenture and those made part of the
      Indenture by reference to the Trust Indenture Act of 1939, as amended (15
      U.S. Code Sections 77aaa-77bbbb). The Notes are subject to all such
      terms, and Holders are referred to the Indenture and such Act for a
      statement of such terms. To the extent any provision of this Note
      conflicts with the express provisions of the Indenture, the provisions of
      the Indenture shall govern and be controlling.

            (5)   OPTIONAL REDEMPTION.

            (a) At any time prior to ____, 2005, the Company may on any one or
      more occasions redeem up to 35% of the aggregate principal amount of Notes
      issued under the Indenture at a redemption price of % of the principal
      amount thereof, plus accrued and unpaid interest and Additional Interest
      to the redemption date, with the net cash proceeds of one or more
      Qualified Equity Offerings, provided that:

                  (i) at least 65% of the aggregate principal amount of Notes
            issued under the Indenture remains outstanding immediately after the
            occurrence of such redemption (excluding Notes held by the Company
            and its Subsidiaries); and

                  (ii) the redemption occurs within 45 days of the date of the
            closing of such Qualified Equity Offering.

            Except pursuant to the preceding paragraph, the Notes may not be
      redeemed at the option of the Company prior to ______,2006.

            (b) After _______,2006, the Company may redeem all or a part of the
      Notes upon not less than 30 nor more than 60 days' notice, at the
      redemption prices (expressed as percentages of principal amount) set forth
      below plus accrued and unpaid interest, and Additional Interest, if any,
      thereon, to the applicable redemption date, if redeemed during the
      twelve-month period beginning on to _______ of the years indicated below:

<TABLE>
<CAPTION>
      Year                                                      Percentage
      ----                                                      ----------

<S>                                                             <C>
      2006....................................................          %
      2007....................................................          %
      2008 and thereafter.....................................   100.000%
</TABLE>

            (c) Any redemption pursuant to Section 3.07 of the Indenture shall
      be made in accordance with the provisions of Sections 3.01 through 3.06 of
      the Indenture.

            (6)   MANDATORY REDEMPTION.

      The Company is not required to make mandatory redemption or sinking fund
payments with respect to the Notes.

            (7)   REPURCHASE AT OPTION OF HOLDER.

                  (a) If there is a Change of Control, the Company will be
      required to make an offer (a "Change of Control Offer") to repurchase all
      or any part (equal to $1,000 or an integral multiple thereof) of each
      Holder's Notes at a purchase price equal to 101% of the aggregate
      principal amount thereof plus accrued and unpaid interest and Additional
      Interest thereon, if any, to the date of purchase (the "Change of Control
      Payment"). Within 10 days following any Change of Control, the Company
      will mail a notice to each Holder setting forth the procedures governing
      the Change of Control Offer as required by the Indenture.

                                      A1-3
<PAGE>
                  (b) If the Company or a Subsidiary consummates any Asset
      Sales, within five days of each date on which the aggregate amount of
      Excess Proceeds exceeds $10 million, the Company will commence an offer to
      all Holders of Notes and all holders of other Indebtedness that is pari
      passu with the Notes containing provisions similar to those set forth in
      the Indenture with respect to offers to purchase or redeem with the
      proceeds of sales of assets (an "Asset Sale Offer") pursuant to Section
      3.09 of the Indenture to purchase the maximum principal amount of Notes
      (including Additional Notes) and other pari passu Indebtedness that may be
      purchased out of the Excess Proceeds at an offer price in cash in an
      amount equal to 100% of the principal amount thereof plus accrued and
      unpaid interest and Additional Interest thereon, if any, to the date fixed
      for the closing of such offer in accordance with the procedures set forth
      in the Indenture. To the extent that the aggregate amount of Notes
      (including Additional Notes, if any) and other pari passu Indebtedness
      tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds,
      the Company may use such deficiency for any purpose not otherwise
      prohibited by the Indenture. If the aggregate principal amount of Notes
      and other pari passu Indebtedness surrendered by holders thereof exceeds
      the amount of Excess Proceeds, the Trustee shall select the Notes and
      other pari passu Indebtedness to be purchased on a pro rata basis. Holders
      of Notes that are the subject of an offer to purchase will receive an
      Asset Sale Offer from the Company prior to any related purchase date and
      may elect to have such Notes purchased by completing the form entitled
      "Option of Holder to Elect Purchase" on the reverse of the Notes.

            (8) NOTICE OF REDEMPTION. Notice of redemption will be mailed at
      least 30 days but not more than 60 days before the redemption date to each
      Holder whose Notes are to be redeemed at its registered address. Notes in
      denominations larger than $1,000 may be redeemed in part but only in whole
      multiples of $1,000, unless all of the Notes held by a Holder are to be
      redeemed. On and after the redemption date interest ceases to accrue on
      Notes or portions thereof called for redemption.

            (9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered
      form without coupons in denominations of $1,000 and integral multiples of
      $1,000. The transfer of Notes may be registered and Notes may be exchanged
      as provided in the Indenture. The Registrar and the Trustee may require a
      Holder, among other things, to furnish appropriate endorsements and
      transfer documents and the Company may require a Holder to pay any taxes
      and fees required by law or permitted by the Indenture. The Company need
      not exchange or register the transfer of any Note or portion of a Note
      selected for redemption, except for the unredeemed portion of any Note
      being redeemed in part. Also, the Company need not exchange or register
      the transfer of any Notes for a period of 15 days before a selection of
      Notes to be redeemed or during the period between a record date and the
      corresponding Interest Payment Date.

            (10)  PERSONS DEEMED OWNERS.  The registered Holder of a Note may
      be treated as its owner for all purposes.

            (11) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain
      exceptions, the Indenture, the Subsidiary Guarantees or the Notes may be
      amended or supplemented with the consent of the Holders of at least a
      majority in principal amount of the then outstanding Notes (including
      Additional Notes, if any) voting as a single class, and any existing
      default or compliance with any provision of the Indenture, the Subsidiary
      Guarantees or the Notes may be waived with the consent of the Holders of a
      majority in principal amount of the then outstanding Notes (including
      Additional Notes, if any), voting as a single class. Without the consent
      of any Holder of a Note, the Indenture, the Subsidiary Guarantees or the
      Notes may be amended or supplemented to cure any ambiguity, defect or
      inconsistency, to provide for uncertificated Notes in addition to or in
      place of certificated Notes, to provide for the assumption of the
      Company's or any Guarantor's obligations to Holders of the Notes in case
      of a merger or consolidation or sale of all or substantially all of the
      Company's assets, to make any change that would provide any

                                      A1-4
<PAGE>
      additional rights or benefits to the Holders of the Notes or that does not
      adversely affect the legal rights under the Indenture of any such Holder,
      to comply with the requirements of the Commission in order to effect or
      maintain the qualification of the Indenture under the Trust Indenture Act
      to provide for the issuance of Additional Notes in accordance with the
      limitations set forth in the Indenture, or to allow any Guarantor to
      execute a supplemental indenture to the Indenture and/or a Subsidiary
      Guarantee with respect to the Notes.

            (12) DEFAULTS AND REMEDIES. Events of Default include: (i) default
      for 30 days in the payment when due of interest on, or Additional Interest
      with respect to, the Notes whether or not prohibited by the subordination
      provisions of the Indenture; (ii) default in payment when due of the
      principal of, or premium, if any, on the Notes, whether or not prohibited
      by the subordination provisions of the Indenture; (iii) failure by the
      Company or any of its Restricted Subsidiaries to comply with the
      provisions of Section 4.15; (iv) failure by the Company or any of its
      Restricted Subsidiaries for 30 days after notice from the Trustee or
      Holders of at least 25% in principal amount of the Notes to comply with
      the provisions of 4.07, 4.09 or 4.10 hereof; (v) failure by the Company or
      any of its Restricted Subsidiaries for 60 days after notice from the
      Trustee or Holders of at least 25% in principal amount of the Notes to
      comply with any of the other agreements in the Indenture; (vi) default
      under any mortgage, indenture or instrument under which there may be
      issued or by which there may be secured or evidenced any Indebtedness for
      money borrowed by the Company or any of its Restricted Subsidiaries (or
      the payment of which is guaranteed by the Company or any of its Restricted
      Subsidiaries) whether such Indebtedness or guarantee now exists, or is
      created after the date of this Indenture, if that default (A) is caused by
      a failure to pay principal of such Indebtedness at the final stated
      maturity thereof or (B) results in the acceleration of such Indebtedness
      prior to its express maturity; (vii) failure by the Company or any of its
      Restricted Subsidiaries to pay final judgments aggregating in excess of
      $5.0 million not covered by insurance, which judgments are not paid,
      discharged or stayed for a period of 60 days; (viii) except as permitted
      by the Indenture, any Subsidiary Guarantee shall be held in any judicial
      proceeding to be unenforceable or invalid or shall cease for any reason to
      be in full force and effect or any Guarantor, or any Person acting on
      behalf of any Guarantor, shall deny or disaffirm its obligations under its
      Subsidiary Guarantee; and (ix) certain events of bankruptcy or insolvency
      described in the Indenture with respect to the Company or any of its
      Restricted Subsidiaries. If any Event of Default occurs and is continuing,
      the Trustee or the Holders of at least 25% in principal amount of the then
      outstanding Notes may declare all the Notes to be due and payable.
      Notwithstanding the foregoing, in the case of an Event of Default arising
      from certain events of bankruptcy or insolvency, with respect to the
      Company, all outstanding Notes will become due and payable without further
      action or notice. Holders may not enforce the Indenture or the Notes
      except as provided in the Indenture. Subject to certain limitations,
      Holders of a majority in principal amount of the then outstanding Notes
      may direct the Trustee in its exercise of any trust or power. The Trustee
      may withhold from Holders of the Notes notice of any continuing Default or
      Event of Default if it determines that withholding notice is in their
      interest. The Holders of a majority in aggregate principal amount of the
      Notes then outstanding by notice to the Trustee may on behalf of the
      Holders of all of the Notes waive any existing Default or Event of Default
      and its consequences under the Indenture except a continuing Default or
      Event of Default in the payment of interest on, or the principal of, the
      Notes. The Company is required to deliver to the Trustee annually a
      statement regarding compliance with the Indenture, and the Company is
      required upon becoming aware of any Default or Event of Default, to
      deliver to the Trustee a statement specifying such Default or Event of
      Default.

            (13) SUBORDINATION. Payment of principal, interest and premium and
      Additional Interest, if any, on the Notes is subordinated to the prior
      payment of Senior Debt on the terms provided in the Indenture.

                                      A1-5
<PAGE>
            (14) TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual
      or any other capacity, may make loans to, accept deposits from, and
      perform services for the Company or its Affiliates, and may otherwise deal
      with the Company or its Affiliates, as if it were not the Trustee.

            (15) NO RECOURSE AGAINST OTHERS. A director, officer, employee,
      incorporator or stockholder, of the Company or any of the Guarantors, as
      such, will not have any liability for any obligations of the Company or
      such Guarantor under the Notes, the Subsidiary Guarantees or the Indenture
      or for any claim based on, in respect of, or by reason of, such
      obligations or their creation. Each Holder by accepting a Note waives and
      releases all such liability. The waiver and release are part of the
      consideration for the issuance of the Notes.

            (16)  AUTHENTICATION.  This Note will not be valid until
      authenticated by the manual signature of the Trustee or an
      authenticating agent.

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

            (18) ADDITIONAL RIGHTS OF HOLDERS OF RESTRICTED GLOBAL NOTES AND
      RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders
      of Notes under the Indenture, Holders of Restricted Global Notes and
      Restricted Definitive Notes will have all the rights set forth in the A/B
      Exchange Registration Rights Agreement dated as of April ___, 2002, among
      the Company, the Guarantors and the other parties named on the signature
      pages thereof, or, in the case of Additional Notes, Holders of Restricted
      Global Notes and Restricted Definitive Notes will have the rights set
      forth in one or more registration rights agreements, if any, among the
      Company, the Guarantors and the other parties thereto, relating to rights
      given by the Company and the Guarantors to the purchasers of any
      Additional Notes (collectively, the "Registration Rights Agreement").

            (19) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the
      Committee on Uniform Security Identification Procedures, the Company has
      caused CUSIP numbers to be printed on the Notes and the Trustee may use
      CUSIP numbers in notices of redemption as a convenience to Holders. No
      representation is made as to the accuracy of such numbers either as
      printed on the Notes or as contained in any notice of redemption and
      reliance may be placed only on the other identification numbers placed
      thereon.

      The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement.
Requests may be made to:

Block Communications, Inc.
541 N. Superior Street
Toledo, Ohio 43660
Attention:  Trustee

                                      A1-6
<PAGE>
                               ASSIGNMENT FORM

      To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to:
                                               -------------------------------
                                                (Insert assignee's legal name)

--------------------------------------------------------------------------------
                (Insert assignee's soc. sec. or tax I.D. no.)
--------------------------------------------------------------------------------

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

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

--------------------------------------------------------------------------------
            (Print or type assignee's name, address and zip code)

and irrevocably appoint
                        ------------------------------------------------------
to transfer this Note on the books of the Company.  The agent may substitute
another to act for him.

Date:
      ------------------
                              Your Signature:
                                             -----------------------------------
                                         (Sign exactly as your name appears on
                                                        the face of this Note)

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

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).

                                      A1-1
<PAGE>
                      OPTION OF HOLDER TO ELECT PURCHASE

      If you want to elect to have this Note purchased by the Company pursuant
to Section 4.10 or 4.15 of the Indenture, check the appropriate box below:

                    --Section 4.10               --Section 4.15

      If you want to elect to have only part of the Note purchased by the
Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the
amount you elect to have purchased:

                               $---------------

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

                                    Your Signature:
                                                  ------------------------------
                                         (Sign exactly as your name appears on
                                                        the face of this Note)

                                    Tax Identification No.:
                                                           ---------------------

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

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).

                                      A1-1
<PAGE>
            SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE*

      The following exchanges of a part of this Global Note for an interest in
another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been
made:

<TABLE>
<CAPTION>
                       Amount of          Amount of          Principal
                      decrease in        increase in          Amount          Signature of
                       Principal          Principal       of this Global       authorized
                        Amount             Amount         Note following       officer of
                    of this Global     of this Global     such decrease        Trustee or
Date of Exchange        Note               Note           (or increase)        Custodian

<S>                 <C>                <C>                <C>                 <C>

</TABLE>

*    This schedule should be included only if the Note is issued in global form.

                                      A1-1
<PAGE>
                                                                      EXHIBIT A2

                 [Face of Regulation S Temporary Global Note]

                                                           CUSIP/CINS __________

        _____% [Series A] [Series B] Senior Subordinated Notes due 2009

No. ___                                                            $__________

                          BLOCK COMMUNICATIONS, INC.

promises to pay to CEDE & CO.

or registered assigns,

the principal sum of ___________________________________________________________

Dollars on _______________, 20___.

Interest Payment Dates:  ____________ and ____________

Record Dates:  ____________ and ____________

Dated:  _______________, 2002

                                    BLOCK COMMUNICATIONS, INC.

                                    By: ________________________________________
                                        Name:
                                        Title:

                                    By: ________________________________________
                                        Name:
                                        Title:

This is one of the Notes referred to in the within-mentioned Indenture:

WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION,
 as Trustee

By: _______________________________
        Authorized Signatory

                                      A2-1
<PAGE>
                 [Back of Regulation S Temporary Global Note]
        ____% [Series A] [Series B] Senior Subordinated Notes due 2009

THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE
BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED
TO RECEIVE PAYMENT OF INTEREST HEREON.

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS
GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF BLOCK COMMUNICATIONS,
INC.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR
ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT
FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE
"SECURITIES ACT"), AND THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION
THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF
THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5
OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS
SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) IN THE UNITED STATES
TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL
BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE THE UNITED STATES IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (III)
PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE) OR (IV) PURSUANT TO AN

                                      A2-2
<PAGE>
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I)
THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF
THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
REQUIRED TO, NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE
RESTRICTIONS REFERRED TO IN (A) ABOVE.

            Capitalized terms used herein have the meanings assigned to them in
the Indenture referred to below unless otherwise indicated.

            (1) INTEREST. Block Communications, Inc., an Ohio corporation (the
      "Company"), promises to pay interest on the principal amount of this Note
      at % per annum from April , 2002 until maturity and shall pay the
      Additional Interest, if any, payable pursuant to Section 5 of the
      Registration Rights Agreement referred to below. The Company will pay
      interest and Additional Interest, if any, semi-annually in arrears on
      ______ and ______ of each year, or if any such day is not a Business Day,
      on the next succeeding Business Day (each, an "Interest Payment Date").
      Interest on the Notes will accrue from the most recent date to which
      interest has been paid or, if no interest has been paid, from the date of
      issuance; provided that if there is no existing Default in the payment of
      interest, and if this Note is authenticated between a record date referred
      to on the face hereof and the next succeeding Interest Payment Date,
      interest shall accrue from such next succeeding Interest Payment Date;
      provided, further, that the first Interest Payment Date shall be ______,
      2002. The Company will pay interest (including post-petition interest in
      any proceeding under any Bankruptcy Law) on overdue principal and premium,
      if any, from time to time on demand at a rate that is 1% per annum in
      excess of the rate then in effect; it will pay interest (including
      post-petition interest in any proceeding under any Bankruptcy Law) on
      overdue installments of interest and Additional Interest, if any, (without
      regard to any applicable grace periods) from time to time on demand at the
      same rate to the extent lawful. Interest will be computed on the basis of
      a 360-day year of twelve 30-day months.

      Until this Regulation S Temporary Global Note is exchanged for one or more
      Regulation S Permanent Global Notes, the Holder hereof shall not be
      entitled to receive payments of interest hereon; until so exchanged in
      full, this Regulation S Temporary Global Note shall in all other respects
      be entitled to the same benefits as other Notes under the Indenture.

            (2) METHOD OF PAYMENT. The Company will pay interest on the Notes
      (except defaulted interest) and Additional Interest, if any, to the
      Persons who are registered Holders of Notes at the close of business on
      ______ or ______ next preceding the Interest Payment Date, even if such
      Notes are canceled after such record date and on or before such Interest
      Payment Date, except as provided in Section 2.12 of the Indenture with
      respect to defaulted interest. The Notes will be payable as to principal,
      premium, interest and Additional Interest, if any, at the office or agency
      of the Company maintained for such purpose within the City and State of
      New York, or, at the option of the Company, payment of interest and
      Additional Interest, if any, may be made by check mailed to the Holders at
      their addresses set forth in the register of Holders; provided that
      payment by wire transfer of immediately available funds will be required
      with respect to principal of and interest, premium and Additional
      Interest, if any, on, all Global Notes and all other Notes the Holders of
      which will have provided wire transfer instructions to the Company or the
      Paying Agent. Such payment will be in such coin or currency of the United
      States of America as at the time of payment is legal tender for payment of
      public and private debts.

            (3)   PAYING AGENT AND REGISTRAR.  Initially, Wells Fargo Bank
      Minnesota, National Association, the Trustee under the Indenture, will
      act as Paying Agent and Registrar.  The Company may change any Paying
      Agent or Registrar without notice to any Holder.  The Company or any of
      its Subsidiaries may act in any such capacity.

                                      A2-3
<PAGE>
            (4) INDENTURE. The Company issued the Notes under an Indenture dated
      as of April , 2002 (the "Indenture") among the Company, the Guarantors and
      the Trustee. The terms of the Notes include those stated in the Indenture
      and those made part of the Indenture by reference to the Trust Indenture
      Act of 1939, as amended (15 U.S. Code Sections 77aaa-77bbbb). The
      Notes are subject to all such terms, and Holders are referred to the
      Indenture and such Act for a statement of such terms. To the extent any
      provision of this Note conflicts with the express provisions of the
      Indenture, the provisions of the Indenture shall govern and be
      controlling.

            (5)   OPTIONAL REDEMPTION.

            (a) At any time prior to ______, 2005, the Company may on any one or
      more occasions redeem up to 35% of the aggregate principal amount of Notes
      issued under the Indenture at a redemption price of ______% of the
      principal amount thereof, plus accrued and unpaid interest and Additional
      Interest to the redemption date, with the net cash proceeds of one or more
      Qualified Equity Offerings, provided that:

                  (i) at least 65% of the aggregate principal amount of Notes
            issued under the Indenture remains outstanding immediately after the
            occurrence of such redemption (excluding Notes held by the Company
            and its Subsidiaries); and

                  (ii) the redemption occurs within 45 days of the date of the
            closing of such Qualified Equity Offering.

            Except pursuant to the preceding paragraph, the Notes may not be
      redeemed at the option of the Company prior to ______, 2006.

            (b) After ______, 2006, the Company may redeem all or a part of the
      Notes upon not less than 30 nor more than 60 days' notice, at the
      redemption prices (expressed as percentages of principal amount) set forth
      below plus accrued and unpaid interest, and Additional Interest, if any,
      thereon, to the applicable redemption date, if redeemed during the
      twelve-month period beginning on ______ of the years indicated below:

<TABLE>
<CAPTION>
      Year                                                      Percentage
      ____                                                      __________
<S>                                                             <C>
      2006....................................................          %
      2007....................................................          %
      2008 and thereafter.....................................   100.000%
</TABLE>

            (c) Any redemption pursuant to Section 3.07 of the Indenture shall
      be made in accordance with the provisions of Sections 3.01 through 3.06 of
      the Indenture.

            (6)   MANDATORY REDEMPTION.

      The Company is not required to make mandatory redemption or sinking fund
payments with respect to the Notes.

            (7)   REPURCHASE AT OPTION OF HOLDER..

                  (a) If there is a Change of Control, the Company will be
      required to make an offer (a "Change of Control Offer") to repurchase all
      or any part (equal to $1,000 or an integral multiple thereof) of each
      Holder's Notes at a purchase price equal to 101% of the aggregate
      principal amount thereof plus accrued and unpaid interest and Additional
      Interest, if any, thereon, if any, to the date of purchase ( the "Change
      of Control Payment"). Within 10 days following any Change of Control, the
      Company will mail a notice to each Holder setting forth the procedures
      governing the Change of Control Offer as required by the Indenture.

                                      A2-4
<PAGE>
                  (b) If the Company or a Subsidiary consummates any Asset
      Sales, within five days of each date on which the aggregate amount of
      Excess Proceeds exceeds $10 million, the Company will commence an offer to
      all Holders of Notes and all holders of other Indebtedness that is pari
      passu with the Notes containing provisions similar to those set forth in
      the Indenture with respect to offers to purchase or redeem with the
      proceeds of sales of assets (an "Asset Sale Offer") pursuant to Section
      3.09 of the Indenture to purchase the maximum principal amount of Notes
      (including Additional Notes) and other pari passu Indebtedness that may be
      purchased out of the Excess Proceeds at an offer price in cash in an
      amount equal to 100% of the principal amount thereof plus accrued and
      unpaid interest and Additional Interest thereon, if any, to the date fixed
      for the closing of such offer in accordance with the procedures set forth
      in the Indenture. To the extent that the aggregate amount of Notes
      (including Additional Notes, if any) and other pari passu Indebtedness
      tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds,
      the Company may use such deficiency for any purpose not otherwise
      prohibited by the Indenture. If the aggregate principal amount of Notes
      and other pari passu Indebtedness surrendered by holders thereof exceeds
      the amount of Excess Proceeds, the Trustee shall select the Notes and
      other pari passu Indebtedness to be purchased on a pro rata basis. Holders
      of Notes that are the subject of an offer to purchase will receive an
      Asset Sale Offer from the Company prior to any related purchase date and
      may elect to have such Notes purchased by completing the form entitled
      "Option of Holder to Elect Purchase" on the reverse of the Notes.

            (8) NOTICE OF REDEMPTION. Notice of redemption will be mailed at
      least 30 days but not more than 60 days before the redemption date to each
      Holder whose Notes are to be redeemed at its registered address. Notes in
      denominations larger than $1,000 may be redeemed in part but only in whole
      multiples of $1,000, unless all of the Notes held by a Holder are to be
      redeemed. On and after the redemption date interest ceases to accrue on
      Notes or portions thereof called for redemption.

            (9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered
      form without coupons in denominations of $1,000 and integral multiples of
      $1,000. The transfer of Notes may be registered and Notes may be exchanged
      as provided in the Indenture. The Registrar and the Trustee may require a
      Holder, among other things, to furnish appropriate endorsements and
      transfer documents and the Company may require a Holder to pay any taxes
      and fees required by law or permitted by the Indenture. The Company need
      not exchange or register the transfer of any Note or portion of a Note
      selected for redemption, except for the unredeemed portion of any Note
      being redeemed in part. Also, the Company need not exchange or register
      the transfer of any Notes for a period of 15 days before a selection of
      Notes to be redeemed or during the period between a record date and the
      corresponding Interest Payment Date.

      This Regulation S Temporary Global Note is exchangeable in whole or in
      part for one or more Global Notes only (i) on or after the termination of
      the 40-day restricted period (as defined in Regulation S) and (ii) upon
      presentation of certificates (accompanied by an Opinion of Counsel, if
      applicable) required by Article 2 of the Indenture. Upon exchange of this
      Regulation S Temporary Global Note for one or more Global Notes, the
      Trustee shall cancel this Regulation S Temporary Global Note.

            (10)  PERSONS DEEMED OWNERS.  The registered Holder of a Note may
      be treated as its owner for all purposes.

            (11) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain
      exceptions, the Indenture, the Subsidiary Guarantees or the Notes may be
      amended or supplemented with the consent of the Holders of at least a
      majority in principal amount of the then outstanding Notes (including
      Additional Notes, if any) voting as a single class, and any existing
      default or compliance with any provision of the Indenture, the Subsidiary
      Guarantees or the Notes may be

                                      A2-5
<PAGE>
      waived with the consent of the Holders of a majority in principal amount
      of the then outstanding Notes (including Additional Notes, if any), voting
      as a single class. Without the consent of any Holder of a Note, the
      Indenture, the Subsidiary Guarantees or the Notes may be amended or
      supplemented to cure any ambiguity, defect or inconsistency, to provide
      for uncertificated Notes in addition to or in place of certificated Notes,
      to provide for the assumption of the Company's or any Guarantor's
      obligations to Holders of the Notes in case of a merger or consolidation
      or sale of all or substantially all of the Company's assets, to make any
      change that would provide any additional rights or benefits to the Holders
      of the Notes or that does not adversely affect the legal rights under the
      Indenture of any such Holder, to comply with the requirements of the
      Commission in order to effect or maintain the qualification of the
      Indenture under the Trust Indenture Act to provide for the issuance of
      Additional Notes in accordance with the limitations set forth in the
      Indenture, or to allow any Guarantor to execute a supplemental indenture
      to the Indenture and/or a Subsidiary Guarantee with respect to the Notes.

            (12) DEFAULTS AND REMEDIES. Events of Default include: (i) default
      for 30 days in the payment when due of interest on, or Additional Interest
      with respect to, the Notes whether or not prohibited by the subordination
      provisions of the Indenture; (ii) default in payment when due of the
      principal of, or premium, if any, on the Notes, whether or not prohibited
      by the subordination provisions of the Indenture; (iii) failure by the
      Company or any of its Restricted Subsidiaries to comply with the
      provisions of Section 4.15; (iv) failure by the Company or any of its
      Restricted Subsidiaries for 30 days after notice from the Trustee or
      Holders of at least 25% in principal amount of the Notes to comply with
      the provisions of 4.07, 4.09 or 4.10 hereof; (v) failure by the Company or
      any of its Restricted Subsidiaries for 60 days after notice from the
      Trustee or Holders of at least 25% in principal amount of the Notes to
      comply with any of the other agreements in the Indenture; (vi) default
      under any mortgage, indenture or instrument under which there may be
      issued or by which there may be secured or evidenced any Indebtedness for
      money borrowed by the Company or any of its Restricted Subsidiaries (or
      the payment of which is guaranteed by the Company or any of its Restricted
      Subsidiaries) whether such Indebtedness or guarantee now exists, or is
      created after the date of the Indenture, if that default (A) is caused by
      a failure to pay principal of such Indebtedness at the final stated
      maturity thereof or (B) results in the acceleration of such Indebtedness
      prior to its express maturity; (vii) failure by the Company or any of its
      Restricted Subsidiaries to pay final judgments aggregating in excess of
      $5.0 million not covered by insurance, which judgments are not paid,
      discharged or stayed for a period of 60 days; (viii) except as permitted
      by the Indenture, any Subsidiary Guarantee shall be held in any judicial
      proceeding to be unenforceable or invalid or shall cease for any reason to
      be in full force and effect or any Guarantor, or any Person acting on
      behalf of any Guarantor, shall deny or disaffirm its obligations under its
      Subsidiary Guarantee; and (ix) certain events of bankruptcy or insolvency
      described in the Indenture with respect to the Company or any of its
      Restricted Subsidiaries. If any Event of Default occurs and is continuing,
      the Trustee or the Holders of at least 25% in principal amount of the then
      outstanding Notes may declare all the Notes to be due and payable.
      Notwithstanding the foregoing, in the case of an Event of Default arising
      from certain events of bankruptcy or insolvency, with respect to the
      Company, all outstanding Notes will become due and payable without further
      action or notice. Holders may not enforce the Indenture or the Notes
      except as provided in the Indenture. Subject to certain limitations,
      Holders of a majority in principal amount of the then outstanding Notes
      may direct the Trustee in its exercise of any trust or power. The Trustee
      may withhold from Holders of the Notes notice of any continuing Default or
      Event of Default if it determines that withholding notice is in their
      interest. The Holders of a majority in aggregate principal amount of the
      Notes then outstanding by notice to the Trustee may on behalf of the
      Holders of all of the Notes waive any existing Default or Event of Default
      and its consequences under the Indenture except a continuing Default or
      Event of Default in the payment of interest on, or the principal of, the
      Notes. The Company is required to deliver to the Trustee annually a
      statement regarding compliance with the Indenture, and the

                                      A2-6
<PAGE>
      Company is required upon becoming aware of any Default or Event of
      Default, to deliver to the Trustee a statement specifying such Default or
      Event of Default.

            (13) SUBORDINATION. Payment of principal, interest and premium and
      Additional Interest, if any, on the Notes is subordinated to the prior
      payment of Senior Debt on the terms provided in the Indenture.

            (14) TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual
      or any other capacity, may make loans to, accept deposits from, and
      perform services for the Company or its Affiliates, and may otherwise deal
      with the Company or its Affiliates, as if it were not the Trustee.

            (15) NO RECOURSE AGAINST OTHERS. A director, officer, employee,
      incorporator or stockholder, of the Company or any of the Guarantors, as
      such, will not have any liability for any obligations of the Company or
      such Guarantor under the Notes, the Subsidiary Guarantees or the Indenture
      or for any claim based on, in respect of, or by reason of, such
      obligations or their creation. Each Holder by accepting a Note waives and
      releases all such liability. The waiver and release are part of the
      consideration for the issuance of the Notes.

            (16)  AUTHENTICATION.  This Note will not be valid until
      authenticated by the manual signature of the Trustee or an
      authenticating agent.

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

            (18) ADDITIONAL RIGHTS OF HOLDERS OF RESTRICTED GLOBAL NOTES AND
      RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders
      of Notes under the Indenture, Holders of Restricted Global Notes and
      Restricted Definitive Notes will have all the rights set forth in the A/B
      Exchange Registration Rights Agreement dated as of April  , 2002, among
      the Company, the Guarantors and the other parties named on the signature
      pages thereof, or, in the case of Additional Notes, Holders of Restricted
      Global Notes and Restricted Definitive Notes will have the rights set
      forth in one or more registration rights agreements, if any, among the
      Company, the Guarantors and the other parties thereto, relating to rights
      given by the Company and the Guarantors to the purchasers of any
      Additional Notes (collectively, the "Registration Rights Agreement").

            (19) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the
      Committee on Uniform Security Identification Procedures, the Company has
      caused CUSIP numbers to be printed on the Notes and the Trustee may use
      CUSIP numbers in notices of redemption as a convenience to Holders. No
      representation is made as to the accuracy of such numbers either as
      printed on the Notes or as contained in any notice of redemption and
      reliance may be placed only on the other identification numbers placed
      thereon.

      The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement.
Requests may be made to:

Block Communications, Inc.
541 N. Superior Street
Toledo, Ohio 43660
Attention:  Treasurer

                                      A2-7
<PAGE>
                               ASSIGNMENT FORM

      To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to: __________________________________
                                         (Insert assignee's legal name)

________________________________________________________________________________
                (Insert assignee's soc. sec. or tax I.D. no.)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
            (Print or type assignee's name, address and zip code)

and irrevocably appoint ________________________________________________________
to transfer this Note on the books of the Company.  The agent may substitute
another to act for him.

Date:  _______________

                                    Your Signature:_____________________________
                                         (Sign exactly as your name appears on
                                                        the face of this Note)

Signature Guarantee*:  _________________________

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).
<PAGE>
                      OPTION OF HOLDER TO ELECT PURCHASE

      If you want to elect to have this Note purchased by the Company pursuant
to Section 4.10 or 4.15 of the Indenture, check the appropriate box below:

                    --Section 4.10         --Section 4.15

      If you want to elect to have only part of the Note purchased by the
Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the
amount you elect to have purchased:

                               $---------------

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

                                    Your Signature:
                                                     -------------------------
                                         (Sign exactly as your name appears on
                                                        the face of this Note)

                                    Tax Identification No.:
                                                             -----------------

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

*    Participant in a recognized Signature Guarantee Medallion Program (or other
     signature guarantor acceptable to the Trustee).
<PAGE>
         SCHEDULE OF EXCHANGES OF REGULATION S TEMPORARY GLOBAL NOTE

      The following exchanges of a part of this Regulation S Temporary Global
Note for an interest in another Global Note, or of other Restricted Global Notes
for an interest in this Regulation S Temporary Global Note, have been made:

<TABLE>
<CAPTION>

                       Amount of          Amount of          Principal
                      decrease in        increase in          Amount       Signature of
                       Principal          Principal       of this Global    authorized
                        Amount             Amount         Note following    officer of
                    of this Global     of this Global     such decrease     Trustee or
Date of Exchange         Note                Note          (or increase)     Custodian
----------------    --------------     --------------     --------------    -----------
<S>                 <C>                <C>                <C>               <C>

</TABLE>
<PAGE>
                                                                       EXHIBIT B

                       FORM OF CERTIFICATE OF TRANSFER

Block Communications, Inc.
541 N. Superior Street
Toledo, Ohio 43660

[Registrar address block]

      Re:  ____% Senior Subordinated Notes due 2009

      Reference is hereby made to the Indenture, dated as of April   , 2002 (the
"Indenture"), among Block Communications, Inc., as issuer (the "Company"), the
Guarantors named on the signature pages thereto and Wells Fargo Bank Minnesota,
National Association, as trustee. Capitalized terms used but not defined herein
shall have the meanings given to them in the Indenture.

      ___________________, (the "Transferor") owns and proposes to transfer the
Note[s] or interest in such Note[s] specified in Annex A hereto, in the
principal amount of $___________ in such Note[s] or interests (the "Transfer"),
to ___________________________ (the "Transferee"), as further specified in Annex
A hereto. In connection with the Transfer, the Transferor hereby certifies that:

                            [CHECK ALL THAT APPLY]

      1. / / CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
THE 144A GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO RULE 144A. The Transfer is
being effected pursuant to and in accordance with Rule 144A under the Securities
Act of 1933, as amended (the "Securities Act"), and, accordingly, the Transferor
hereby further certifies that the beneficial interest or Definitive Note is
being transferred to a Person that the Transferor reasonably believed and
believes is purchasing the beneficial interest or Definitive Note for its own
account, or for one or more accounts with respect to which such Person exercises
sole investment discretion, and such Person and each such account is a
"qualified institutional buyer" within the meaning of Rule 144A in a transaction
meeting the requirements of Rule 144A and such Transfer is in compliance with
any applicable blue sky securities laws of any state of the United States. Upon
consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the 144A Global Note and/or the Definitive Note and in the
Indenture and the Securities Act.

      2. / / CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
THE TEMPORARY REGULATION S GLOBAL NOTE, THE REGULATION S GLOBAL NOTE OR A
DEFINITIVE NOTE PURSUANT TO REGULATION S. The Transfer is being effected
pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act
and, accordingly, the Transferor hereby further certifies that (i) the Transfer
is not being made to a Person in the United States and (x) at the time the buy
order was originated, the Transferee was outside the United States or such
Transferor and any Person acting on its behalf reasonably believed and believes
that the Transferee was outside the United States or (y) the transaction was
executed in, on or through the facilities of a designated offshore securities
market and neither such Transferor nor any Person acting on its behalf knows
that the transaction was prearranged with a buyer in the United States, (ii) no
directed selling efforts have been made in contravention of the requirements of
Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the
transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act and (iv) if the proposed transfer is being
made prior to the expiration of the Restricted Period, the transfer is not being
made to a U.S. Person or for the account or benefit of a U.S. Person (other than
an Initial Purchasers). Upon consummation of the proposed transfer in accordance
with the terms of the Indenture, the transferred

                                      B-1
<PAGE>
beneficial interest or Definitive Note will be subject to the restrictions on
Transfer enumerated in the Private Placement Legend printed on the Regulation S
Global Note, the Temporary Regulation S Global Note and/or the Definitive Note
and in the Indenture and the Securities Act.

      3. / / CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL
INTEREST IN THE IAI GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO ANY PROVISION
OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S. The Transfer is
being effected in compliance with the transfer restrictions applicable to
beneficial interests in Restricted Global Notes and Restricted Definitive Notes
and pursuant to and in accordance with the Securities Act and any applicable
blue sky securities laws of any state of the United States, and accordingly the
Transferor hereby further certifies that (check one):

             (a) / / such Transfer is being effected pursuant to and in
        accordance with Rule 144 under the Securities Act;

                                      or

             (b) / / such Transfer is being effected to the Company or a
        subsidiary thereof;

                                      or

             (c) / / such Transfer is being effected pursuant to an effective
        registration statement under the Securities Act and in compliance with
        the prospectus delivery requirements of the Securities Act;

                                      or

             (d) / / such Transfer is being effected to an Institutional
         Accredited Investor and pursuant to an exemption from the registration
         requirements of the Securities Act other than Rule 144A, Rule 144 or
         Rule 904, and the Transferor hereby further certifies that it has not
         engaged in any general solicitation within the meaning of Regulation D
         under the Securities Act and the Transfer complies with the transfer
         restrictions applicable to beneficial interests in a Restricted Global
         Note or Restricted Definitive Notes and the requirements of the
         exemption claimed, which certification is supported by (1) a
         certificate executed by the Transferee in the form of Exhibit D to the
         Indenture and (2) an Opinion of Counsel provided by the Transferor or
         the Transferee (a copy of which the Transferor has attached to this
         certification), to the effect that such Transfer is in compliance with
         the Securities Act. Upon consummation of the proposed transfer in
         accordance with the terms of the Indenture, the transferred beneficial
         interest or Definitive Note will be subject to the restrictions on
         transfer enumerated in the Private Placement Legend printed on the IAI
         Global Note and/or the Definitive Notes and in the Indenture and the
         Securities Act.

      4. / / CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
AN UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED DEFINITIVE NOTE.

      (a) / / CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The Transfer is
being effected pursuant to and in accordance with Rule 144 under the Securities
Act and in compliance with the transfer restrictions contained in the Indenture
and any applicable blue sky securities laws of any state of the United States
and (ii) the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with
the terms of the Indenture, the transferred beneficial interest or Definitive
Note will no longer be subject to the restrictions on transfer enumerated in the
Private Placement Legend printed on the Restricted Global Notes, on Restricted
Definitive Notes and in the Indenture.

                                      B-2
<PAGE>
      (b) / / CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is
being effected pursuant to and in accordance with Rule 903 or Rule 904 under the
Securities Act and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any state of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note will no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global
Notes, on Restricted Definitive Notes and in the Indenture.

      (c) / / CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer
is being effected pursuant to and in compliance with an exemption from the
registration requirements of the Securities Act other than Rule 144, Rule 903 or
Rule 904 and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any State of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note will not be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture.

      This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.

                                    -----------------------------------------
                                             [Insert Name of Transferor]

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

Dated:
       -----------------------

                                      B-3
<PAGE>
                      ANNEX A TO CERTIFICATE OF TRANSFER

      1.    The Transferor owns and proposes to transfer the following:

                          [CHECK ONE OF (a) OR (b)]

                                    (a) / / a beneficial interest in the:

                   (i)    / / 144A Global Note (CUSIP _________), or

                   (ii)   / / Regulation S Global Note (CUSIP _________), or

                   (iii)  / / IAI Global Note (CUSIP _________); or

                (b) / /  a Restricted Definitive Note.

      2.    After the Transfer the Transferee will hold:

                                 [CHECK ONE]

                (a) / /  a beneficial interest in the:

                   (i)    / / 144A Global Note (CUSIP _________), or

                   (ii)   / / Regulation S Global Note (CUSIP _________), or

                   (iii)  / / IAI Global Note (CUSIP _________); or

                   (iv)   / / Unrestricted Global Note (CUSIP _________); or

                (b) / /  a Restricted Definitive Note; or

                (c) / /  an Unrestricted Definitive Note,

                in accordance with the terms of the Indenture.
<PAGE>
                                                                       EXHIBIT C

                       FORM OF CERTIFICATE OF EXCHANGE

Block Communications, Inc.
541 N. Superior Street
Toledo, Ohio 43660

[Registrar address block]

      Re:  ____% Senior Subordinated Notes due 2009

                            (CUSIP _______________)

      Reference is hereby made to the Indenture, dated as of April , 2002 (the
"Indenture"), among Block Communications, Inc., as issuer (the "Company"), the
Guarantors named on the signature pages thereto and Wells Fargo Bank Minnesota,
National Association, as trustee. Capitalized terms used but not defined herein
shall have the meanings given to them in the Indenture.

      __________________________, (the "Owner") owns and proposes to exchange
the Note[s] or interest in such Note[s] specified herein, in the principal
amount of $____________ in such Note[s] or interests (the "Exchange"). In
connection with the Exchange, the Owner hereby certifies that:

      1.    EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS
IN A RESTRICTED GLOBAL NOTE FOR UNRESTRICTED DEFINITIVE NOTES OR BENEFICIAL
INTERESTS IN AN UNRESTRICTED GLOBAL NOTE

      (a) / / CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection
with the Exchange of the Owner's beneficial interest in a Restricted Global Note
for a beneficial interest in an Unrestricted Global Note in an equal principal
amount, the Owner hereby certifies (i) the beneficial interest is being acquired
for the Owner's own account without transfer, (ii) such Exchange has been
effected in compliance with the transfer restrictions applicable to the Global
Notes and pursuant to and in accordance with the Securities Act of 1933, as
amended (the "Securities Act"), (iii) the restrictions on transfer contained in
the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act and (iv) the beneficial interest in
an Unrestricted Global Note is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States.

      (b) / / CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO UNRESTRICTED DEFINITIVE NOTE. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for an Unrestricted
Definitive Note, the Owner hereby certifies (i) the Definitive Note is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to the
Restricted Global Notes and pursuant to and in accordance with the Securities
Act, (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act and (iv) the Definitive Note is being acquired in compliance
with any applicable blue sky securities laws of any state of the United States.

      (c) / / CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Owner's Exchange
of a Restricted Definitive Note for a beneficial interest in an Unrestricted
Global Note, the Owner hereby certifies (i) the beneficial interest is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to
Restricted Definitive Notes and pursuant to and in accordance with the
Securities Act, (iii) the restrictions on transfer contained in the Indenture
and the

                                      C-1
<PAGE>
Private Placement Legend are not required in order to maintain compliance with
the Securities Act and (iv) the beneficial interest is being acquired in
compliance with any applicable blue sky securities laws of any state of the
United States.

      (d) / / CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO
UNRESTRICTED DEFINITIVE NOTE. In connection with the Owner's Exchange of a
Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby
certifies (i) the Unrestricted Definitive Note is being acquired for the Owner's
own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to Restricted Definitive Notes and
pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act and (iv) the
Unrestricted Definitive Note is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States.

      2.    EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS
IN RESTRICTED GLOBAL NOTES FOR RESTRICTED DEFINITIVE NOTES OR BENEFICIAL
INTERESTS IN RESTRICTED GLOBAL NOTES

      (a) / / CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO RESTRICTED DEFINITIVE NOTE. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for a Restricted
Definitive Note with an equal principal amount, the Owner hereby certifies that
the Restricted Definitive Note is being acquired for the Owner's own account
without transfer. Upon consummation of the proposed Exchange in accordance with
the terms of the Indenture, the Restricted Definitive Note issued will continue
to be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Definitive Note and in the Indenture
and the Securities Act.

      (b) / / CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN A RESTRICTED GLOBAL NOTE. In connection with the Exchange of the
Owner's Restricted Definitive Note for a beneficial interest in the [CHECK ONE]
144A Global Note, Regulation S Global Note, / / IAI Global Note with an equal
principal amount, the Owner hereby certifies (i) the beneficial interest is
being acquired for the Owner's own account without transfer and (ii) such
Exchange has been effected in compliance with the transfer restrictions
applicable to the Restricted Global Notes and pursuant to and in accordance with
the Securities Act, and in compliance with any applicable blue sky securities
laws of any state of the United States. Upon consummation of the proposed
Exchange in accordance with the terms of the Indenture, the beneficial interest
issued will be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the relevant Restricted Global Note and in the
Indenture and the Securities Act.

      This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.

                                    ------------------------------------------
                                               [Insert Name of Transferor]

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

Dated:
      --------------------------

                                      C-2
<PAGE>
                                                                       EXHIBIT C
                           FORM OF CERTIFICATE FROM
                 ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

Block Communications, Inc.
541 N. Superior Street
Toledo, Ohio 43660

[Registrar address block]

      Re:  ____% Senior Subordinated Notes due 2009

      Reference is hereby made to the Indenture, dated as of April __, 2002 (the
"Indenture"), among Block Communications, Inc., as issuer (the "Company"), the
guarantors named on the signature pages thereto and Wells Fargo Bank Minnesota,
National Association, as trustee. Capitalized terms used but not defined herein
shall have the meanings given to them in the Indenture.

      In connection with our proposed purchase of $____________ aggregate
principal amount of:

      (a) / /   a beneficial interest in a Global Note, or

      (b) / /   a Definitive Note,

      we confirm that:

      1. We understand that any subsequent transfer of the Notes or any interest
therein is subject to certain restrictions and conditions set forth in the
Indenture and the undersigned agrees to be bound by, and not to resell, pledge
or otherwise transfer the Notes or any interest therein except in compliance
with, such restrictions and conditions and the Securities Act of 1933, as
amended (the "Securities Act").

      2. We understand that the offer and sale of the Notes have not been
registered under the Securities Act, and that the Notes and any interest therein
may not be offered or sold except as permitted in the following sentence. We
agree, on our own behalf and on behalf of any accounts for which we are acting
as hereinafter stated, that if we should sell the Notes or any interest therein,
we will do so only (A) to the Company or any subsidiary thereof, (B) in
accordance with Rule 144A under the Securities Act to a "qualified institutional
buyer" (as defined therein), (C) to an institutional "accredited investor" (as
defined below) that, prior to such transfer, furnishes (or has furnished on its
behalf by a U.S. broker-dealer) to you and to the Company a signed letter
substantially in the form of this letter and an Opinion of Counsel in form
reasonably acceptable to the Company to the effect that such transfer is in
compliance with the Securities Act, (D) outside the United States in accordance
with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the
provisions of Rule 144(k) under the Securities Act or (F) pursuant to an
effective registration statement under the Securities Act, and we further agree
to provide to any Person purchasing the Definitive Note or beneficial interest
in a Global Note from us in a transaction meeting the requirements of clauses
(A) through (E) of this paragraph a notice advising such purchaser that resales
thereof are restricted as stated herein.

                                      C-1
<PAGE>
                                                                       EXHIBIT C

      3. We understand that, on any proposed resale of the Notes or beneficial
interest therein, we will be required to furnish to you and the Company such
certifications, legal opinions and other information as you and the Company may
reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the Notes purchased by us will bear a
legend to the foregoing effect.

      4. We are an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of our investment in the Notes, and we and
any accounts for which we are acting are each able to bear the economic risk of
our or its investment.

      5. We are acquiring the Notes or beneficial interest therein purchased by
us for our own account or for one or more accounts (each of which is an
institutional "accredited investor") as to each of which we exercise sole
investment discretion.

      You and the Company are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with
respect to the matters covered hereby.

                                    ------------------------------------------
                                            [Insert Name of Accredited Investor]

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

Dated:
      ----------------------

                                      C-1
<PAGE>
                                                                       EXHIBIT C

                        FORM OF NOTATION OF GUARANTEE

      For value received, each Guarantor (which term includes any successor
Person under the Indenture) has, jointly and severally, unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the
provisions in the Indenture dated as of April , 2002 (the "Indenture") among
Block Communications, Inc., (the "Company"), the Guarantors listed on Schedule I
thereto and Wells Fargo Bank Minnesota, National Association, as trustee (the
"Trustee"), (a) the due and punctual payment of the principal of, premium and
Additional Interest, if any, and interest on the Notes (as defined in the
Indenture), whether at maturity, by acceleration, redemption or otherwise, the
due and punctual payment of interest on overdue principal of and interest on the
Notes, if any, if lawful, and the due and punctual performance of all other
obligations of the Company to the Holders or the Trustee all in accordance with
the terms of the Indenture and (b) in case of any extension of time of payment
or renewal of any Notes or any of such other obligations, that the same will be
promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at stated maturity, by acceleration or otherwise.
The obligations of the Guarantors to the Holders of Notes and to the Trustee
pursuant to the Subsidiary Guarantee and the Indenture are expressly set forth
in Article 11 of the Indenture and reference is hereby made to the Indenture for
the precise terms of the Subsidiary Guarantee. Each Holder of a Note, by
accepting the same, (a) agrees to and shall be bound by such provisions, (b)
authorizes and directs the Trustee, on behalf of such Holder, to take such
action as may be necessary or appropriate to effectuate the subordination as
provided in the Indenture and (c) appoints the Trustee attorney-in-fact of such
Holder for such purpose; provided, however, that the Indebtedness evidenced by
this Subsidiary Guarantee shall cease to be so subordinated and subject in right
of payment upon any defeasance of this Note in accordance with the provisions of
the Indenture.

                                    [NAME OF GUARANTOR(S)]

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

                                      C-1
<PAGE>
                                                                       EXHIBIT F

                        FORM OF SUPPLEMENTAL INDENTURE
                   TO BE DELIVERED BY SUBSEQUENT GUARANTORS

      SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of
________________, 200__, among __________________ (the "Guaranteeing
Subsidiary"), a subsidiary of Block Communications, Inc. (or its permitted
successor), an Ohio corporation (the "Company"), the Company, the other
Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank
Minnesota, National Association, as trustee under the indenture referred to
below (the "Trustee").

                             W I T N E S S E T H

      WHEREAS, the Company has heretofore executed and delivered to the Trustee
an indenture (the "Indenture"), dated as of April __, 2002 providing for the
issuance of an aggregate principal amount of up to $__________ of __% Senior
Subordinated Notes due 2009 (the "Notes");

      WHEREAS, the Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally
guarantee all of the Company's Obligations under the Notes and the Indenture on
the terms and conditions set forth herein (the "Subsidiary Guarantee"); and

      WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.

      NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the
equal and ratable benefit of the Holders of the Notes as follows:

      1.    CAPITALIZED TERMS.  Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.

      2.    AGREEMENT TO GUARANTEE.  The Guaranteeing Subsidiary hereby
agrees as follows:

                  (a) Along with all Guarantors named in the Indenture, to
            jointly and severally Guarantee to each Holder of a Note
            authenticated and delivered by the Trustee and to the Trustee and
            its successors and assigns, the Notes or the obligations of the
            Company hereunder or thereunder, that:

                  (i) the principal of, and premium and Additional Interest, if
            any, and interest on the Notes will be promptly paid in full when
            due, whether at maturity, by acceleration, redemption or otherwise,
            and interest on the overdue principal of and interest on the Notes,
            if any, if lawful, and all other obligations of the Company to the
            Holders or the Trustee hereunder or thereunder will be promptly paid
            in full or performed, all in accordance with the terms hereof and
            thereof; and

                  (ii) in case of any extension of time of payment or renewal of
            any Notes or any of such other obligations, that same will be
            promptly paid in full when due or performed in accordance with the
            terms of the extension or renewal, whether at stated maturity, by
            acceleration or otherwise. Failing payment when due of any amount so
            guaranteed or any performance so guaranteed for whatever reason, the
            Guarantors shall be jointly and severally obligated to pay the same
            immediately.

                                      F-1
<PAGE>
                  (b) The obligations hereunder shall be unconditional,
            irrespective of the validity, regularity or enforceability of the
            Notes or the Indenture, the absence of any action to enforce the
            same, any waiver or consent by any Holder of the Notes with respect
            to any provisions hereof or thereof, the recovery of any judgment
            against the Company, any action to enforce the same or any other
            circumstance which might otherwise constitute a legal or equitable
            discharge or defense of a Guarantor.

                  (c) The following is hereby waived: diligence, presentment,
            demand of payment, filing of claims with a court in the event of
            insolvency or bankruptcy of the Company, any right to require a
            proceeding first against the Company, protest, notice and all
            demands whatsoever.

                  (d) This Subsidiary Guarantee shall not be discharged except
            by complete performance of the obligations contained in the Notes
            and the Indenture, and the Guaranteeing Subsidiary accepts all
            obligations of a Guarantor under the Indenture.

                  (e) If any Holder or the Trustee is required by any court or
            otherwise to return to the Company, the Guarantors, or any
            custodian, trustee, liquidator or other similar official acting in
            relation to either the Company or the Guarantors, any amount paid by
            either to the Trustee or such Holder, this Subsidiary Guarantee, to
            the extent theretofore discharged, shall be reinstated in full force
            and effect.

                  (f) The Guaranteeing Subsidiary shall not be entitled to any
            right of subrogation in relation to the Holders in respect of any
            obligations guaranteed hereby until payment in full of all
            obligations guaranteed hereby.

                  (g) As between the Guarantors, on the one hand, and the
            Holders and the Trustee, on the other hand, (x) the maturity of the
            obligations guaranteed hereby may be accelerated as provided in
            Article 6 of the Indenture for the purposes of this Subsidiary
            Guarantee, notwithstanding any stay, injunction or other prohibition
            preventing such acceleration in respect of the obligations
            guaranteed hereby, and (y) in the event of any declaration of
            acceleration of such obligations as provided in Article 6 of the
            Indenture, such obligations (whether or not due and payable) shall
            forthwith become due and payable by the Guarantors for the purpose
            of this Subsidiary Guarantee.

                  (h) The Guarantors shall have the right to seek contribution
            from any non-paying Guarantor so long as the exercise of such right
            does not impair the rights of the Holders under the Subsidiary
            Guarantee.

                  (i) Pursuant to Section 11.02 of the Indenture, after giving
            effect to any maximum amount and all other contingent and fixed
            liabilities that are relevant under any applicable Bankruptcy or
            fraudulent conveyance laws, and after giving effect to any
            collections from, rights to receive contribution from or payments
            made by or on behalf of any other Guarantor in respect of the
            obligations of such other Guarantor under Article 11 of the
            Indenture, this new Subsidiary Guarantee shall be limited to the
            maximum amount permissible such that the obligations of such
            Guarantor under this Subsidiary Guarantee will not constitute a
            fraudulent transfer or conveyance.

      3.    EXECUTION AND DELIVERY.  Each Guaranteeing Subsidiary agrees that
the Subsidiary Guarantees shall remain in full force and effect
notwithstanding any failure to endorse on each Note a notation of such
Subsidiary Guarantee.

      4.    GUARANTEEING SUBSIDIARY MAY CONSOLIDATE, ETC. ON CERTAIN TERMS.

                                      F-2
<PAGE>
                  (a) The Guaranteeing Subsidiary may not sell or otherwise
            dispose of all substantially all of its assets to, or consolidate
            with or merge with or into (whether or not such Guarantor is the
            surviving Person) another Person, other than the Company or another
            Guarantor unless:

                  (i)   immediately after giving effect to such transaction,
            no Default or Event of Default exists; and

                  (ii) if the Person acquiring the property in any such sale or
            disposition or the Person formed by or surviving any such
            consolidation or merger is a Restricted Subsidiary immediately
            following such transaction, such Person assumes all the obligations
            of that Guaranteeing Subsidiary under this Supplemental Indenture,
            its Subsidiary Guarantee and the Registration Rights Agreement
            pursuant to a supplemental indenture satisfactory to the Trustee.

                  (b) In case of any such consolidation, merger, sale or
            conveyance and upon the assumption by the successor Person, by
            supplemental indenture, executed and delivered to the Trustee and
            satisfactory in form to the Trustee, of the Subsidiary Guarantee
            endorsed upon the Notes and the due and punctual performance of all
            of the covenants and conditions of the Indenture to be performed by
            the Guarantor, such successor Person shall succeed to and be
            substituted for the Guarantor with the same effect as if it had been
            named herein as a Guarantor. Such successor Person thereupon may
            cause to be signed any or all of the Subsidiary Guarantees to be
            endorsed upon all of the Notes issuable under the Indenture which
            theretofore shall not have been signed by the Company and delivered
            to the Trustee. All the Subsidiary Guarantees so issued shall in all
            respects have the same legal rank and benefit under the Indenture as
            the Subsidiary Guarantees theretofore and thereafter issued in
            accordance with the terms of the Indenture as though all of such
            Subsidiary Guarantees had been issued at the date of the execution
            hereof.

                  (c) Except as set forth in Articles 4 and 5 of the Indenture,
            and notwithstanding clauses (a) and (b) above, nothing contained in
            the Indenture or in any of the Notes shall prevent any consolidation
            or merger of a Guarantor with or into the Company or another
            Guarantor, or shall prevent any sale or conveyance of the property
            of a Guarantor as an entirety or substantially as an entirety to the
            Company or another Guarantor.

      5.    RELEASES.

                  (a) In the event of any sale or other disposition of all or
            substantially all of the assets of any Guarantor, by way of merger,
            consolidation or otherwise, or a sale or other disposition of all of
            the capital stock of any Guarantor, in each case to a Person that is
            not (either before or after giving effect to such transaction) a
            Restricted Subsidiary of the Company, then such Guarantor (in the
            event of a sale or other disposition, by way of merger,
            consolidation or otherwise, of all of the capital stock of such
            Guarantor) or the corporation acquiring the property (in the event
            of a sale or other disposition of all or substantially all of the
            assets of such Guarantor) will be released and relieved of any
            obligations under its Subsidiary Guarantee; provided that the Net
            Proceeds of such sale or other disposition are applied in accordance
            with the applicable provisions of the Indenture, including without
            limitation Section 4.10 of the Indenture. Upon delivery by the
            Company to the Trustee of an Officers' Certificate and an Opinion of
            Counsel to the effect that such sale or other disposition was made
            by the Company in accordance with the provisions of the Indenture,
            including without limitation Section 4.10 of the

                                      F-3
<PAGE>
            Indenture, the Trustee shall execute any documents reasonably
            required in order to evidence the release of any Guarantor from its
            obligations under its Subsidiary Guarantee.

                  (b) Any Guarantor not released from its obligations under its
            Subsidiary Guarantee shall remain liable for the full amount of
            principal of and interest on the Notes and for the other obligations
            of any Guarantor under the Indenture as provided in Article 11 of
            the Indenture.

      6. SUBORDINATION. The Obligations of each Guaranteeing Subsidiary under
its Subsidiary Guarantee pursuant to this Supplemental Indenture will be junior
and subordinated to the Senior Debt of such Guaranteeing Subsidiary on the same
basis as the Notes are junior and subordinated to Senior Debt of the Company.
For the purposes of the foregoing sentence, the Trustee and the Holders will
have the right to receive and/or retain payments by any of the Guaranteeing
Subsidiaries only at such times as they may receive and/or retain payments in
respect of the Notes pursuant to the Indenture, including Article 10 thereof.

      7. NO RECOURSE AGAINST OTHERS. No director, officer, employee,
incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such,
shall have any liability for any obligations of the Company or any Guaranteeing
Subsidiary under the Notes, any Subsidiary Guarantees, the Indenture or this
Supplemental Indenture or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder of the Notes by accepting a
Note waives and releases all such liability. The waiver and release are part of
the consideration for issuance of the Notes. Such waiver may not be effective to
waive liabilities under the federal securities laws and it is the view of the
Commission that such a waiver is against public policy.

      8. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

      9.    COUNTERPARTS.  The parties may sign any number of copies of this
Supplemental Indenture.  Each signed copy shall be an original, but all of
them together represent the same agreement.

      10.   EFFECT OF HEADINGS.  The Section headings herein are for
convenience only and shall not affect the construction hereof.

      11.   THE TRUSTEE.  The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or in respect of the recitals contained herein,
all of which recitals are made solely by the Guaranteeing Subsidiary and the
Company.

                                      F-4
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed and attested, all as of the date first above
written.

      Dated:  _______________, 20___

                                    [GUARANTEEING SUBSIDIARY]

                                    By:  _______________________________
                                    Name:
                                    Title:

                                    BLOCK COMMUNICATIONS, INC.

                                    By:  _______________________________
                                    Name:
                                    Title:

                                    [EXISTING GUARANTORS]

                                    By:  _______________________________
                                    Name:
                                    Title:

                                    WELLS FARGO BANK MINNESOTA, NATIONAL
                                    ASSOCIATION,
                                    as Trustee

                                    By:  _______________________________
                                        Authorized Signatory

                                      F-5<PAGE>
                                                                     EXHIBIT 4.2

                           Block Communications, Inc.

                                       and

                               Access Toledo, Ltd.
                            Buckeye Cablevision, Inc.
                            Buckeye Telesystem, Inc.
                               CARS Holding, Inc.
                     Community Communications Services, Inc.
                       Corporate Protection Services, Inc.
                          Erie County Cablevision, Inc.
                       Idaho Independent Television, Inc.
                         Independence Television Company
                         Lima Communications Corporation
                    Metro Fiber & Cable Construction Company
                            Monroe Cablevision, Inc.
                              PG Publishing Company
                  Toledo Area Telecommunications Services, Inc.
                                  WLFI-TV, Inc.
                                  as Guarantors

                                  $175,000,000

                    9.25% Senior Subordinated Notes due 2009

                               Purchase Agreement

                              dated April 11, 2002

                         Banc of America Securities LLC
                             Fleet Securities, Inc.
                            Comerica Securities, Inc.
                            NatCity Investments, Inc.
                             BMO Nesbitt Burns Corp.
<PAGE>
                                Table of Contents

<TABLE>
<S>                                                                          <C>
SECTION 1.  Representations and Warranties................................    2
SECTION 2.  Purchase, Sale and Delivery of the Securities.................   15
SECTION 3.  Additional Covenants..........................................   16
SECTION 4.  Payment of Expenses...........................................   19
SECTION 5.  Conditions of the Obligations of the Initial Purchasers.......   19
SECTION 6.  Reimbursement of Initial Purchasers' Expenses.................   22
SECTION 7.  Offer, Sale and Resale Procedures.............................   22
SECTION 8.  Indemnification...............................................   23
SECTION 9.  Contribution..................................................   26
SECTION 10. Termination of this Agreement.................................   27
SECTION 11. Representations and Indemnities to Survive Delivery...........   28
SECTION 12. Notices.......................................................   28
SECTION 13. Successors....................................................   29
SECTION 14. Partial Unenforceability......................................   29
SECTION 15. Governing Law Provisions......................................   29
SECTION 16. Default of One or More of the Several Initial Purchasers......   30
SECTION 17. General Provisions............................................   30
</TABLE>
<PAGE>
                               Purchase Agreement

                                                                  April 11, 2002

BANC OF AMERICA SECURITIES LLC
 As Representative of the Initial Purchasers
 named in Schedule A hereto
c/o BANC OF AMERICA SECURITIES LLC
9 West 57th Street
New York, New York 10019

Ladies and Gentlemen:

            Introductory. Block Communications, Inc., an Ohio corporation (the
"Company"), proposes to issue and sell to the several Initial Purchasers named
in Schedule A (the "Initial Purchasers"), acting severally and not jointly, the
respective amounts set forth in such Schedule A of a $175,000,000 aggregate
principal amount of the Company's 9.25% Senior Subordinated Notes due 2009 (the
"Notes"). Banc of America Securities LLC has agreed to act as the representative
of the several Initial Purchasers in connection with the offering and sale of
the Notes.

            The Notes will be issued pursuant to an indenture, dated as of April
18, 2002 (the "Indenture"), among the Company, the Guarantors (as defined below)
and Wells Fargo Bank Minnesota, National Association, as trustee (the
"Trustee"). Notes issued in book-entry form will be issued in the name of Cede &
Co., as nominee of The Depository Trust Company (the "Depositary").

            The holders of the Notes will be entitled to the benefits of a
registration rights agreement, to be dated as of April 18, 2002 (the
"Registration Rights Agreement"), among the Company, the Guarantors and the
Initial Purchasers, pursuant to which the Company will agree to file, within 90
days of the Closing Date, a registration statement with the Commission (as
defined below) registering the Exchange Securities (as defined below) under the
Securities Act (as defined below).

            The payment of principal of, premium and Additional Interest (as
defined in the Indenture), if any, and interest on the Notes and the Exchange
Notes (as defined below) will be fully and unconditionally guaranteed on a
senior subordinated basis, jointly and severally, by (i) Access Toledo, Ltd.,
Buckeye Cablevision, Inc., Buckeye Telesystem, Inc., CARS Holding, Inc.,
Community Communications Services, Inc., Corporate Protection Services, Inc.,
Erie County Cablevision, Inc., Idaho Independent Television, Inc., Independence
Television Company, Lima Communications Corporation, Metro Fiber & Cable
Construction Company, Monroe Cablevision, Inc., PG Publishing Company, Toledo
Area Telecommunications Services, Inc. and WLFI-TV, Inc. and (ii) any subsidiary
of the Company formed or acquired after the Closing Date that executes an
additional guarantee in accordance with the terms of the Indenture, and their
respective successors and assigns (collectively, the "Guarantors"), pursuant to
their guarantees (the "Guarantees"). The Notes and the Guarantees, a notation of
which is attached thereto, are herein collectively referred to as the
"Securities;" and the Exchange Notes and the Exchange Guarantees
<PAGE>
(as defined below) attached thereto are herein collectively referred to as the
"Exchange Securities."

            The Company understands that the Initial Purchasers propose to make
an offering of the Securities on the terms and in the manner set forth herein
and in the Offering Memorandum (as defined below) and agrees that the Initial
Purchasers may resell, subject to the conditions set forth herein, all or a
portion of the Securities to purchasers (the "Subsequent Purchasers") at any
time after the date of this Agreement. The Securities are to be offered and sold
to or through the Initial Purchasers without being registered with the
Securities and Exchange Commission (the "Commission") under the Securities Act
of 1933 (as amended, the "Securities Act," which term, as used herein, includes
the rules and regulations of the Commission promulgated thereunder), in reliance
upon exemptions therefrom. The terms of the Securities and the Indenture will
require that investors that acquire Securities expressly agree that Securities
may only be resold or otherwise transferred, after the date hereof, if such
Securities are registered for sale under the Securities Act or if an exemption
from the registration requirements of the Securities Act is available (including
the exemptions afforded by Rule 144A ("Rule 144A") or Regulation S ("Regulation
S") thereunder).

            The Company has prepared and delivered to each Initial Purchaser
copies of a Preliminary Offering Memorandum, dated March 28, 2002 (the
"Preliminary Offering Memorandum"), and has prepared and will deliver to each
Initial Purchaser, copies of the Offering Memorandum, dated April 11, 2002,
describing the terms of the Securities, each for use by such Initial Purchaser
in connection with its solicitation of offers to purchase the Securities. As
used herein, the "Offering Memorandum" shall mean, with respect to any date or
time referred to in this Agreement, the Company's Offering Memorandum, dated
April 11, 2002, including amendments or supplements thereto and any exhibits
thereto, in the most recent form that has been prepared and delivered by the
Company to the Initial Purchasers in connection with their solicitation of
offers to purchase Securities. Further, any reference to the Preliminary
Offering Memorandum or the Offering Memorandum shall be deemed to refer to and
include any Additional Issuer Information (as defined in Section 3) furnished by
the Company prior to the completion of the distribution of the Securities.

            The Company hereby confirms its agreements with the Initial
Purchasers as follows:

SECTION 1. Representations and Warranties. The Company and each of the
Guarantors, jointly and severally, hereby represent and warrant as of the date
hereof to each Initial Purchaser as follows:

      (a)   No Registration Required. Subject to compliance by the Initial
      Purchasers with the representations and warranties set forth in Section 2
      hereof and with the procedures set forth in Section 7 hereof, it is not
      necessary in connection with the offer, sale and delivery of the
      Securities to the Initial Purchasers and to each Subsequent Purchaser in
      the manner contemplated by this Agreement and the Offering Memorandum to
      register the Securities under the Securities Act or, until such time as
      the Exchange Securities are issued pursuant to an effective registration
      statement, to qualify the Indenture under the Trust Indenture Act of 1939
      (the "Trust Indenture Act," which term, as used herein, includes the rules
      and regulations of the Commission promulgated thereunder).

      (b)   No Integration of Offerings or General Solicitation. The Company and
      the Guarantors have not, directly or indirectly, solicited any offer to
      buy or offered to sell,

                                       2
<PAGE>
      and will not, directly or indirectly, solicit any offer to buy or offer to
      sell, in the United States or to any United States citizen or resident,
      any security which is or would be integrated with the sale of the
      Securities in a manner that would require the Securities to be registered
      under the Securities Act. None of the Company, the Guarantors, their
      respective affiliates (as such term is defined in Rule 501 under the
      Securities Act (each, an "Affiliate"), or any person acting on its or
      their respective behalf (other than the Initial Purchasers, as to whom the
      Company and the Guarantors make no representation or warranty) 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 Securities Act. With respect to those Securities sold
      in reliance upon Regulation S, none of the Company, the Guarantors, their
      Affiliates or any person acting on its or their behalf (other than the
      Initial Purchasers, as to whom the Company and the Guarantors make no
      representation or warranty) has engaged or will engage in any directed
      selling efforts within the meaning of Regulation S and (ii) each of the
      Company, the Guarantors and their Affiliates and any person acting on its
      or their behalf (other than the Initial Purchasers, as to whom the Company
      and the Guarantors make no representation or warranty) has complied and
      will comply with the offering restrictions set forth in Regulation S.

      (c)   Eligibility for Resale under Rule 144A. The Securities are eligible
      for resale pursuant to Rule 144A and will not be, at the Closing Date, of
      the same class as securities listed on a national securities exchange
      registered under Section 6 of the Exchange Act or quoted in a U.S.
      automated interdealer quotation system.

      (d)   The Offering Memorandum. The Offering Memorandum does not, and at
      the Closing Date will not, include an untrue statement of a material fact
      or 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; provided that this representation, warranty and agreement
      shall not apply to statements in or omissions from the Offering Memorandum
      made in reliance upon and in conformity with information furnished to the
      Company in writing by any Initial Purchaser through Banc of America
      Securities LLC expressly for use in the Offering Memorandum, it being
      understood and agreed that such information consists only of the
      information described in Section 8(b) hereof. Each of the Preliminary
      Offering Memorandum and the Offering Memorandum, as of its date, contains
      all the information specified in, and meeting the requirements of, Rule
      144A. Neither the Company nor any Guarantor has distributed or will
      distribute, prior to the later of the Closing Date and the completion of
      the Initial Purchasers' distribution of the Securities, any offering
      material in connection with the offering and sale of the Securities other
      than the Preliminary Offering Memorandum or the Offering Memorandum.

      (e)   The Purchase Agreement. This Agreement has been duly authorized,
      executed and delivered by, and is a valid and binding agreement of, the
      Company and each of the Guarantors, enforceable against the Company and
      the Guarantors in accordance with its terms, except as rights to
      indemnification hereunder may be limited by applicable law and except as
      the enforcement hereof may be limited by bankruptcy, insolvency,
      reorganization, moratorium or other similar laws relating to or affecting
      the rights and remedies of creditors or by general equitable principles
      and except as rights to indemnification may be limited by applicable law.

                                       3
<PAGE>
      (f)   The Registration Rights Agreement. The Registration Rights Agreement
      has been duly authorized by the Company and the Guarantors and at the
      Closing Date, will be duly authorized, executed and delivered by, and will
      be a valid and binding agreement of, the Company and each of the
      Guarantors, enforceable against the Company and the Guarantors in
      accordance with its terms, except as the enforcement thereof may be
      limited by bankruptcy, insolvency, reorganization, moratorium or other
      similar laws relating to or affecting the rights and remedies of creditors
      or by general equitable principles and except as rights to indemnification
      may be limited by applicable law. Pursuant to the Registration Rights
      Agreement, the Company will agree to file with the Commission, under the
      circumstances set forth therein, a registration statement under the
      Securities Act relating to another series of debt securities of the
      Company with terms substantially identical to the Notes and the Guarantees
      (the "Exchange Notes" and the "Exchange Guarantees") to be offered in
      exchange for the Notes and the Guarantees (the "Exchange Offer") and (ii)
      to the extent required by the Registration Rights Agreement, a shelf
      registration statement pursuant to Rule 415 of the Securities Act relating
      to the resale by certain holders of the Notes, and in each case, to use
      its best efforts to cause such registration statements to be declared
      effective.

      (g)   Authorization of the Securities and the Exchange Securities. (i) The
      Notes to be purchased by the Initial Purchasers from the Company will be
      in the form contemplated by the Indenture, have been duly authorized for
      issuance and sale pursuant to this Agreement and the Indenture and, at the
      Closing Date, will have been duly executed by the Company and, when
      authenticated in the manner provided for in the Indenture and delivered
      against payment of the purchase price therefor, will constitute valid and
      binding agreements 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 or other
      similar laws relating to or affecting the rights and remedies of creditors
      or by general equitable principles, and will be entitled to the benefits
      of the Indenture. (ii) The Exchange Notes have been duly and validly
      authorized for issuance by the Company, and when issued and authenticated
      in accordance with the terms of the Indenture, the Registration Rights
      Agreement and the Exchange Offer, 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, or similar laws
      relating to or affecting enforcement of the rights and remedies of
      creditors or by general principles of equity and will be entitled to the
      benefits of the Indenture. (iii) The Guarantees of the Notes will be in
      the respective forms contemplated by the Indenture, have been duly
      authorized for issuance and sale pursuant to this Agreement and the
      Indenture and, at the Closing Date, will have been duly executed by each
      of the Guarantors and, when the Notes have been authenticated in the
      manner provided for in the Indenture and delivered against payment of the
      purchase price therefor, the Guarantees will constitute valid and binding
      agreements of the Guarantors, enforceable against the Guarantors in
      accordance with their terms, except as the enforcement thereof may be
      limited by bankruptcy, insolvency, reorganization, moratorium or other
      similar laws relating to or affecting the rights and remedies of creditors
      or by general equitable principles and will be entitled to the benefits of
      the Indenture. (iv) The Exchange Guarantees have been duly authorized for
      issuance by the Guarantors and, when the Exchange Notes have been
      authenticated in the manner provided for in the Indenture and delivered in
      exchange for the Notes pursuant to the Exchange Offer, will constitute
      valid and binding agreements of the Guarantors, enforceable against the
      Guarantors in accordance with their terms, except as the

                                       4
<PAGE>
      enforcement thereof may be limited by bankruptcy, insolvency,
      reorganization, moratorium or other similar laws relating to or affecting
      the rights and remedies of creditors or by general equitable principles
      and will be entitled to the benefits of the Indenture.

      (h)   Authorization of the Indenture. The Indenture has been duly
      authorized by the Company and the Guarantors and, at the Closing Date,
      will have been duly executed and delivered by the Company and the
      Guarantors and will constitute a valid and binding agreement of the
      Company and the Guarantors, enforceable against the Company and the
      Guarantors in accordance with its terms, except as the enforcement thereof
      may be limited by bankruptcy, insolvency, reorganization, moratorium or
      other similar laws relating to or affecting the rights and remedies of
      creditors or by general equitable principles.

      (i)   Description of the Securities and the Indenture. The Notes, the
      Exchange Notes, the Guarantees, the Exchange Guarantees and the Indenture
      will conform in all material respects to the respective statements
      relating thereto contained in the Offering Memorandum.

      (j)   No Material Adverse Change. Except as otherwise disclosed in the
      Offering Memorandum, subsequent to the respective dates as of which
      information is given in the Offering Memorandum: (i) there has been no
      material adverse change, in the condition, financial or otherwise, or in
      the earnings, business, operations or prospects, whether or not arising
      from transactions in the ordinary course of business, of the Company, the
      Guarantors and their respective subsidiaries, (any such change is called a
      "Material Adverse Change"); (ii) none of the Company, the Guarantors or
      their respective subsidiaries has incurred any material liability or
      obligation, indirect, direct or contingent, not in the ordinary course of
      business nor entered into any material transaction or agreement not in the
      ordinary course of business; and (iii) there has been no (A) dividend or
      distribution of any kind declared, paid or made by the Company or, except
      for dividends paid to the Company or any Guarantor, the Guarantors or any
      of their respective subsidiaries on any class of capital stock or (B)
      repurchase or redemption by the Company, the Guarantors or any of their
      respective subsidiaries of any class of capital stock.

      (k)   Independent Accountants. Ernst & Young LLP, who have expressed their
      opinion with respect to the financial statements (which term as used in
      this Agreement includes the related notes thereto) included in the
      Offering Memorandum, are independent public or certified public
      accountants within the meaning of Regulation S-X under the Securities Act
      and the Exchange Act.

      (l)   Preparation of the Financial Statements. The financial statements,
      together with the related schedules and notes, included in the Offering
      Memorandum present fairly the consolidated financial position of the
      Company and its consolidated subsidiaries as of and at the dates indicated
      and the results of their operations and cash flows for the periods
      specified. Such financial statements have been prepared in conformity with
      generally accepted accounting principles as applied in the United States,
      applied on a consistent basis throughout the periods involved, except as
      may be expressly stated in the related notes thereto. The financial data
      set forth in the Offering Memorandum under the captions "Offering
      Memorandum Summary--Summary Consolidated Financial Data" and "Selected
      Consolidated Financial Data" fairly present the information set forth

                                       5
<PAGE>
      therein on a basis consistent with that of the audited financial
      statements contained in the Offering Memorandum.

      (m)   Incorporation and Good Standing of the Company, the Guarantors and
      their Subsidiaries. Each of the Company, the Guarantors and their
      respective subsidiaries has been duly incorporated or formed and is
      validly existing as a corporation, limited liability company or
      partnership in good standing under the laws of the jurisdiction of its
      incorporation or formation and has corporate, limited liability company or
      partnership power and authority to own, lease and operate its properties
      and to conduct its business as described in the Offering Memorandum and,
      in the case of the Company and the Guarantors, to enter into and perform
      their respective obligations under each of this Agreement, the
      Registration Rights Agreement, the Securities, the Exchange Securities and
      the Indenture. Each of the Company, the Guarantors and their respective
      subsidiaries is duly qualified as a foreign corporation, limited liability
      company or partnership 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 for such jurisdictions where the failure to so qualify or to be in
      good standing would not, individually or in the aggregate, result in a
      Material Adverse Change. Except as set forth in the Offering Memorandum,
      all of the issued and outstanding capital stock, membership interests or
      partnership interests of the Company's and the Guarantors' subsidiaries
      have been duly authorized and validly issued, are fully paid and
      nonassessable and are owned by the Company and the Guarantors, directly or
      through their subsidiaries, free and clear of any security interest,
      mortgage, pledge, lien, encumbrance or claim other than those securing the
      Company's obligations under the Senior Credit Facilities, Revolving Credit
      Facility and Senior Notes (each as defined below). The Company does not
      own or control, directly or indirectly, any corporation, association or
      other entity other than the subsidiaries listed in Schedule C hereto.

      (n)   Capitalization and Other Capital Stock Matters. At December 31,
      2001, on a consolidated basis, after giving pro forma effect to the
      issuance and sale of the Securities pursuant hereto, the Company would
      have an authorized and outstanding capitalization as set forth in the
      Offering Memorandum under the caption "Capitalization" (other than for
      subsequent issuances of capital stock, if any, pursuant to employee
      benefit plans described in the Offering Memorandum or upon exercise of
      outstanding options described in the Offering Memorandum).

      (o)   Non-Contravention of Existing Instruments; No Further Authorizations
      or Approvals Required. Neither the Company, any of the Guarantors nor any
      of their respective subsidiaries is in violation of its charter or by-laws
      or is in default (or, with the giving of notice or lapse of time, would be
      in default) ("Default") under any indenture, mortgage, loan or credit
      agreement, note, contract, franchise, lease or other instrument to which
      the Company, any of the Guarantors or any of their respective subsidiaries
      is a party or by which it or any of them may be bound (including, without
      limitation, the Company's (i) senior credit facilities, including a term
      loan in the amount of $75.0 million, which matures on December 31, 2006,
      and a revolving credit loan, with outstanding borrowings of $92.5 million
      as of December 31, 2001 and which matures on December 31, 2006 (the
      "Senior Credit Facilities"); (ii) revolving credit facility, with no
      outstanding borrowings as of December 31, 2001 and which matures on June
      30, 2002 (the "Revolving Credit Facility"); and (iii) five series of
      senior notes, with an aggregate principal amount outstanding as of
      December 31, 2001 of $67.5 million and which have

                                       6
<PAGE>
      maturities ranging from August 1, 2003 to December 12, 2006 (such notes,
      the "Senior Notes")) or to which any of the property or assets of the
      Company, the Guarantors or any of their respective subsidiaries is subject
      (each, an "Existing Instrument"), except for such Defaults as would not,
      individually or in the aggregate, result in a Material Adverse Change. The
      Company's and each of the Guarantors' execution, delivery and performance
      of this Agreement, the Registration Rights Agreement and the Indenture,
      and the issuance and delivery of the Securities (including the Guarantees
      endorsed thereon) or the Exchange Securities (including the Exchange
      Guarantees endorsed thereon), and consummation of the transactions
      contemplated hereby and thereby and by the Offering Memorandum (i) will
      not result in any violation of the provisions of the charter or by-laws of
      the Company, (ii) will not conflict with or constitute a breach of, or
      Default or a Debt Repayment Triggering 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, any of the Guarantors or any
      of their respective subsidiaries pursuant to, or require the consent of
      any other party to, any Existing Instrument, except for such conflicts,
      breaches, Defaults, liens, charges or encumbrances as would not,
      individually or in the aggregate, result in a Material Adverse Change and
      (iii) will not result in any violation of any law, administrative
      regulation or administrative or court decree applicable to the Company,
      any of the Guarantors or any of their respective subsidiaries. No consent,
      approval, authorization or other order of, or registration or filing with,
      any court or other governmental or regulatory authority or agency, is
      required for the Company's or any of the Guarantors' execution, delivery
      and performance of this Agreement, the Registration Rights Agreement, or
      the Indenture, or the issuance and delivery of the Securities (including
      the Guarantees endorsed thereon) or the Exchange Securities (including the
      Exchange Guarantees endorsed thereon), or consummation of the transactions
      contemplated hereby and thereby and by the Offering Memorandum, except (1)
      such as have been obtained or made by the Company or by any of the
      Guarantors and are in full force and effect, (2) such as may be required
      by applicable state securities or blue sky laws and (3) such as may be
      required by federal and state securities laws with respect to the
      Company's and any of the Guarantors' obligations under the Registration
      Rights Agreement. As used herein, a "Debt Repayment Triggering Event"
      means any event or condition which gives, or with the giving of notice or
      lapse of time would give, 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, any of the Guarantors or any
      of their respective subsidiaries.

      (p)   No Material Actions or Proceedings. Except as otherwise disclosed in
      the Offering Memorandum, there are no legal or governmental actions, suits
      or proceedings pending or, to the best of the Company's or any of the
      Guarantors' knowledge, threatened against or affecting the Company, any of
      the Guarantors or any of their respective subsidiaries, which has as the
      subject thereof any property owned or leased by the Company, any of the
      Guarantors or any of their respective subsidiaries, where in any such case
      there is a reasonable possibility that such action, suit or proceeding
      might be determined adversely to the Company, any of the Guarantors or any
      of their respective subsidiaries and any such action, suit or proceeding,
      if so determined adversely, would reasonably be expected to result in a
      Material Adverse Change or adversely affect the consummation of the
      transactions contemplated by this Agreement. Except as otherwise disclosed
      in the Offering Memorandum, no material labor dispute with the employees
      of the Company, any of the Guarantors or any of their respective
      subsidiaries exists or, to the best of the Company's or any of the
      Guarantors' knowledge, is threatened or imminent.

                                       7
<PAGE>
      (q)   Intellectual Property Rights. The Company, the Guarantors and their
      respective subsidiaries own or possess sufficient trademarks, trade names,
      patent rights, copyrights, licenses, approvals, trade secrets and other
      similar rights (collectively, "Intellectual Property Rights") reasonably
      necessary to conduct their respective businesses as now conducted; and the
      expected expiration of any of such Intellectual Property Rights would not
      result in a Material Adverse Change. Neither the Company, any of the
      Guarantors nor any of their respective subsidiaries has received any
      notice of infringement or conflict with asserted Intellectual Property
      Rights of others, which infringement or conflict, if the subject of an
      unfavorable decision, would result in a Material Adverse Change.

      (r)   All Necessary Permits, etc. The Company, the Guarantors and their
      respective subsidiaries possess such valid and current certificates,
      authorizations, franchises or permits issued by the appropriate state,
      federal or foreign regulatory agencies or bodies necessary to conduct
      their respective businesses, and except as otherwise disclosed in the
      Offering Memorandum, neither the Company, any of the Guarantors nor any of
      their respective subsidiaries has received any notice of proceedings
      relating to the revocation or modification of, or non-compliance with, any
      such certificate, authorization or permit which, singly or in the
      aggregate, if the subject of an unfavorable decision, ruling or finding,
      could result in a Material Adverse Change.

      (s)   FCC Licenses.

            (i)   The Company and each of the Guarantors hold such validly
issued Federal Communications Commission (the "FCC") licenses and authorizations
as are necessary to operate their respective television stations, which are
listed on Schedule B (each a "Station" and collectively, the "Stations"), as
they are currently operated (collectively, the "FCC Licenses"), and each such
FCC License is in full force and effect. The FCC Licenses of the Company and
each Guarantor are listed on Schedule B, and each of such FCC Licenses has the
expiration date indicated on Schedule B.

            (ii)  Neither the Company nor any Guarantor has knowledge of any
condition imposed by the FCC as part of any FCC License, which condition is
neither set forth on the face thereof as issued by the FCC nor contained in the
rules and regulations of the FCC applicable generally to stations of the type,
nature, class or location of the Station in question. Except as otherwise
disclosed in the Offering Memorandum, each Station has been and is being
operated in all material respects in accordance with the terms and conditions of
the FCC Licenses applicable to it and the rules and regulations of the FCC and
the Communications Act of 1934, as amended (the "Communications Act").

            (iii) Except as otherwise disclosed in the Offering Memorandum, no
proceedings are pending or to the Company's knowledge, are threatened which may
result in the revocation, modification, non-renewal or suspension of any of the
FCC Licenses, the denial of any pending applications, the issuance of any cease
and desist order or the imposition of any fines, forfeitures or other
administrative actions by the FCC with respect to any Station or its operation,
other than any matters which, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Change and proceedings
affecting the television broadcasting industry in general.

            (iv)  All reports, applications and other documents required to be
filed by the Company or any such Guarantor with the FCC with respect to the
Stations have been timely filed, and all such reports, applications and
documents are true, correct and complete in all

                                       8
<PAGE>
respects, except where the failure to make such timely filing or any inaccuracy
therein could not reasonably be expected to result in a Material Adverse Change,
and except as otherwise disclosed in the Offering Memorandum, neither the
Company nor any of the Guarantors has knowledge of any matters that could
reasonably be expected to result in the suspension or revocation of or the
refusal to renew any of the FCC Licenses or the imposition on the Company or any
Guarantor of any material fines or forfeitures by the FCC, or which could
reasonably be expected to result in the revocation, rescission, reversal or
modification of any Station's authorization to operate as currently authorized
under the Communications Act and the policies, rules and regulations of the FCC.

      (t)   No Citations. There are no unsatisfied or otherwise outstanding
      citations issued by the FCC with respect to any Station or its operations.

      (u)   Condition of Stations. All of the material properties, equipment and
      systems of the Company and the Guarantors and the Stations owned and/or
      operated by them are, and all material properties, equipment and systems
      to be added in connection with any contemplated Station expansion or
      construction will be, in condition which is sufficient for the operation
      thereof in accordance with past practice of the Station in question and
      except as otherwise disclosed in the Offering Memorandum, are and will be
      in compliance with all applicable standards, rules or requirements imposed
      by (a) any governmental agency or authority including without limitation
      the FCC and (b) any FCC License, in each case except where such
      noncompliance would not reasonably be expected to result in a Material
      Adverse Change.

      (v)   No Material Actions or Proceedings by FCC. Other than as set forth
      in the Offering Memorandum (including those matters referred to therein
      relating to general rulemakings and similar matters relating generally to
      the cable television industry) and except with respect to general
      rulemakings and similar matters relating generally to the cable television
      industry, (i) there are no actions, suits, proceedings, inquiries or
      investigations by the FCC pending or threatened in writing against or
      affecting the Company, any of its subsidiaries or any System, which, if
      determined adversely to the Company or any of its subsidiaries, would
      individually or in the aggregate result in a Material Adverse Change; and
      (ii) to the Company's knowledge, there is no reasonable basis for any such
      action, suit, proceeding or investigation, which, if determined adversely
      to the Company or any of its subsidiaries, would individually or in the
      aggregate result in a Material Adverse Change.

      (w)   FCC Authorizations. Except with respect to matters that would not,
      individually or in the aggregate, result in a Material Adverse Change, (i)
      the Company and its subsidiaries have made all material filings,
      recordings and registrations with, and possess all validations or
      exemptions, approvals, orders, authorizations, consents, licenses,
      certificates and permits from, the FCC and other federal, state and local
      regulatory or governmental bodies and authorities or any subdivision
      thereof, including, without limitation, cable television franchises and
      cable antenna relay service, broadcast auxiliary, earth station, business
      radio, microwave or special safety radio service licenses issued by the
      FCC (collectively, the "FCC Authorizations") necessary or appropriate to
      own, operate and construct the cable communication systems that are now
      owned or managed by them (the "Systems") or otherwise for the operation of
      their businesses and are not in violation of any thereof; (ii) all such
      FCC Authorizations are in full force and effect, and no event has occurred
      that permits, or after notice or lapse of time could permit, the
      revocation, termination or modification of any FCC Authorization which is

                                       9
<PAGE>
      necessary or appropriate to own, operate and construct the Systems or
      otherwise for the operation of any such business; (iii) neither the
      Company nor any of its subsidiaries is in breach or violation of, or in
      default under, any duty or obligation required by any of the terms,
      conditions or provisions of the Communications Act, or any FCC rule,
      regulation or policy applicable to the operation of any portion of any of
      the Systems; (iv) neither the Company nor any of its subsidiaries, is in
      violation of any duty or obligation required by state or local laws, or
      local rules or regulations applicable to the operation of any portion of
      any of the Systems; (v) there is not pending or, to the knowledge of the
      Company or any of its subsidiaries, threatened, any action by the FCC or
      state or local regulatory authority to modify, revoke, cancel, suspend or
      refuse to renew any FCC Authorization; (vi) other than as described in the
      Offering Memorandum, there is not now issued or outstanding or, to the
      knowledge of the Company or any of its subsidiaries, threatened, any
      notice of any hearing, material violation or material complaint against
      the Company or any of its subsidiaries, with respect to the operation of
      any portion of the Systems and none of the Company or its subsidiaries has
      any knowledge that any person intends to contest renewal of any material
      FCC Authorization.

      (x)   Programming Agreements. (i) Except as otherwise disclosed in the
      Offering Memorandum, (A) the Company and its subsidiaries have entered
      into, or have rights under, all required programming agreements
      (including, without limitation, all agreements under which the Company and
      its subsidiaries are accorded retransmission rights relating to
      programming that the Systems provide to their customers) that are material
      to the conduct of their business as described in the Offering Memorandum;
      and (B) all such material agreements are in full force and effect and none
      of the Company, any of its subsidiaries or any of their affiliates has
      received any written notice of revocation or material modifications of
      such material agreements; and (ii) (A) with respect to each television
      station that has notified the Company or its subsidiary that such
      station's respective consent is required to carry such station on the
      Systems, either the Company or the subsidiary has obtained such consent or
      has ceased carrying such station; (B) all such agreements grant the
      Company or one of its subsidiaries retransmission consent; and (C) all
      such agreements are in full force and effect, and no event has occurred
      that permits, or after notice or lapse of time could permit, the
      revocation, termination or material modification of any such agreement,
      except where the failure of such agreements to be in full force and effect
      or such revocation would not, in either case, individually or in the
      aggregate, result in a Material Adverse Change.

      (y)   Operation of the Systems. Except for matters that would not,
      individually or in the aggregate, result in a Material Adverse Change, (i)
      all registration statements and all other documents (including but not
      limited to annual reports) required by the FCC in connection with the
      operation of the Systems have been filed with the FCC; (ii) all
      frequencies within the restricted aeronautical and navigational bands
      (i.e., 108-136 MHz and 225-400 MHz) which are currently being used in
      connection with the operation of the Systems have been authorized for such
      use by the FCC; (iii) each of the Systems subject to Equal Employment
      Opportunity Commission ("EEO") compliance certification by the FCC has
      been certified by the FCC for annual EEO compliance during the time such
      Systems have been owned by the Company or its subsidiaries; and (iv) all
      towers associated with the Systems are in compliance with the rules and
      regulations of the United States Federal Aviation Administration.

      (z)   Copyright Compliance. Except for matters that would not,
      individually or in the aggregate, result in a Material Adverse Change, (i)
      all statements of accounts and any

                                       10
<PAGE>
      other filings that are required under Section 111 of the United States
      Copyright Act of 1976, as amended, in connection with the retransmission
      of any broadcast television and radio signals on the Systems have been
      timely filed with the United States Copyright Office and indicated royalty
      payments have been made for each System for each accounting period during
      which such Systems have been owned or managed by the Company or its
      subsidiaries; (ii) none of the Company, any of its subsidiaries or any
      System has received any inquiry or request from the United States
      Copyright Office or from any other party challenging or questioning any
      such statements of account or royalty payments; and (iii) no claim of
      copyright infringement has been made or threatened in writing against the
      Company, any of its subsidiaries or any System.

      (aa)  Compliance with Communications Act or FCC. Neither the execution and
      delivery of this Agreement nor the consummation of the transactions
      contemplated hereby or by the Offering Memorandum under "Use of Proceeds,"
      nor compliance with the terms, conditions and provisions hereof and
      thereof by the Company or its subsidiaries, will conflict with the
      Communications Act or the rules, regulations or policies of the FCC
      thereunder, or will cause any suspension, revocation, impairment,
      forfeiture, nonrenewal or termination of any material license, permit,
      franchise, certificate, consent, authorization, designation, declaration,
      filing, registration or qualification.

      (bb)  Title to Properties. The Company, the Guarantors and their
      respective subsidiaries have good and marketable title to all the
      properties and assets reflected as owned in the financial statements
      contained in the Offering Memorandum, in each case free and clear of any
      security interests, mortgages, liens, encumbrances, equities, claims and
      other defects, except such as do not materially and adversely affect the
      value of such property and do not materially interfere with the use made
      or proposed to be made of such property by the Company, the Guarantors or
      their respective subsidiaries and except for liens permitted by the
      Indenture. The real property, improvements, equipment and personal
      property held under lease by the Company, the Guarantors or any of their
      subsidiaries are held under valid and enforceable leases, with such
      exceptions as are not material and do not materially interfere with the
      use made or proposed to be made of such real property, improvements,
      equipment or personal property by the Company, the Guarantors or their
      respective subsidiaries.

      (cc)  Tax Law Compliance. Except to the extent that any such failures
      would not, individually or in the aggregate, result in a Material Adverse
      Change, the Company, the Guarantors and each of their respective
      subsidiaries have filed all necessary federal, state and foreign income
      and franchise tax returns and have paid all taxes required to be paid by
      any of them and, if due and payable, any related or similar assessment,
      fine or penalty levied against any of them except as may be being
      contested in good faith and by appropriate proceedings. The Company has
      made adequate charges, accruals and reserves in the applicable financial
      statements contained in the Offering Memorandum in respect of all federal,
      state and foreign income and franchise taxes for all periods as to which
      the tax liability of the Company or any of its consolidated subsidiaries
      has not been finally determined.

      (dd)  Company Not an "Investment Company". The Company has been advised of
      the rules and requirements under the Investment Company Act of 1940, as
      amended (the "Investment Company Act"). The Company is not, and after
      receipt of payment for the Securities will not be, an "investment company"
      within the meaning of Investment

                                       11
<PAGE>
      Company Act and will conduct its business in a manner so that it will not
      become subject to the Investment Company Act.

      (ee)  Insurance. The Company, the Guarantors and each of their respective
      subsidiaries are insured by recognized, financially sound institutions
      with policies in such amounts and with such deductibles and covering such
      risks as are generally deemed adequate and customary for their businesses
      including, but not limited to, policies covering real and personal
      property owned or leased by the Company, the Guarantors and their
      respective subsidiaries against theft, damage, destruction, acts of
      vandalism and earthquakes. Except as set forth in the Offering Memorandum,
      each of the Company and its subsidiaries has no knowledge that it will not
      be able (i) to renew its existing insurance coverage as and when such
      policies expire or (ii) to obtain comparable coverage from similar
      institutions as may be necessary or appropriate to conduct its business as
      now conducted and at a cost that would not result in a Material Adverse
      Change.

      (ff)  No Price Stabilization or Manipulation. Neither the Company, the
      Guarantors nor their respective subsidiaries have taken nor will take,
      directly or indirectly, any action designed to or that might be reasonably
      expected to cause or result in stabilization or manipulation of the price
      of any security of the Company to facilitate the sale or resale of the
      Securities.

      (gg)  Accounting System. The Company and each of the Guarantors maintain a
      system of accounting controls sufficient to provide reasonable assurances
      that (i) transactions are executed in accordance with management's general
      or specific authorization; (ii) transactions are recorded as necessary to
      permit preparation of financial statements in conformity with generally
      accepted accounting principles as applied in the United States and to
      maintain accountability for assets; (iii) access to assets is permitted
      only in accordance with management's general or specific authorization;
      and (iv) the recorded accountability for assets is compared with existing
      assets at reasonable intervals and appropriate action is taken with
      respect to any differences.

      (hh)  Compliance with Environmental Laws. Except as would not,
      individually or in the aggregate, result in a Material Adverse Change (i)
      neither the Company, the Guarantors nor their respective subsidiaries are
      in violation of any federal, state, local or foreign law or regulation
      relating to pollution or protection of human health or 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 emissions, discharges,
      releases or threatened releases of chemicals, pollutants, contaminants,
      wastes, toxic substances, hazardous substances, petroleum and petroleum
      products (collectively, "Materials of Environmental Concern"), or
      otherwise relating to the manufacture, processing, distribution, use,
      treatment, storage, disposal, transport or handling of Materials of
      Environmental Concern (collectively, "Environmental Laws"), which
      violation includes, but is not limited to, noncompliance with any permits
      or other governmental authorizations required for the operation of the
      respective businesses of the Company, the Guarantors or their respective
      subsidiaries under applicable Environmental Laws, or noncompliance with
      the terms and conditions thereof, nor has the Company, the Guarantors or
      their respective subsidiaries received any written communication from a
      governmental authority that alleges that the Company, any of the
      Guarantors or any of their respective subsidiaries is in violation of any
      Environmental Law; (ii) there is no claim, action or cause of action filed
      with a court

                                       12
<PAGE>
      or governmental authority, no investigation with respect to which the
      Company or the Guarantors have received written notice, and no written
      notice by any person or entity alleging potential liability for
      investigatory costs, cleanup costs, governmental responses costs, natural
      resources damages, property damages, personal injuries, attorneys' fees or
      penalties arising out of, based on or resulting from the presence, or
      release into the environment, of any Material of Environmental Concern at
      any location owned, leased or operated by the Company, any of the
      Guarantors or their respective subsidiaries, now or in the past
      (collectively, "Environmental Claims"), pending or, to the best of the
      Company's or any of the Guarantors' knowledge, threatened against the
      Company, any of the Guarantors or any of their respective subsidiaries or
      any person or entity whose liability for any Environmental Claim the
      Company, any of the Guarantors or their respective subsidiaries has
      retained or assumed either contractually or by operation of law; and (iii)
      to the best of the Company's or any of the Guarantors' knowledge, there
      are no past or present actions, activities, circumstances, conditions,
      events or incidents, including, without limitation, the release, emission,
      discharge, presence or disposal of any Material of Environmental Concern,
      that reasonably could result in a violation of any Environmental Law or
      form the basis of a potential Environmental Claim against the Company, any
      of the Guarantors or any of their respective subsidiaries or against any
      person or entity whose liability for any Environmental Claim the Company,
      any of the Guarantors or their respective subsidiaries has retained or
      assumed either contractually or by operation of law.

      (ii)  ERISA Compliance. The Company, the Guarantors and their respective
      subsidiaries and any "employee benefit plan" (as defined under the
      Employee Retirement Income Security Act of 1974, as amended, and the
      regulations and published interpretations thereunder (collectively,
      "ERISA")) established or maintained by the Company, the Guarantors, their
      respective subsidiaries or their "ERISA Affiliates" (as defined below) are
      in compliance in all material respects with ERISA. "ERISA Affiliate"
      means, with respect to the Company, the Guarantors or their respective
      subsidiaries, any member of any group of organizations described in
      Sections 414 (b), (c), (m) or (o) of the Internal Revenue Code of 1986, as
      amended, and the regulations and published interpretations thereunder (the
      "Code") of which the Company, the Guarantors, or any of their respective
      subsidiaries is a member. No "reportable event" (as defined under ERISA)
      has occurred or is reasonably expected to occur with respect to any
      "employee benefit plan" established or maintained by the Company, the
      Guarantors, their respective subsidiaries or any of their ERISA
      Affiliates. Neither the Company, the Guarantors, any of their respective
      subsidiaries nor any of their ERISA Affiliates has incurred or reasonably
      expects to incur any liability under Title IV of ERISA, other than for the
      payment of premiums under Section 4007 of ERISA, with respect to
      termination of, or withdrawal from, any "employee benefit plan" or (ii)
      Sections 412, 4971, 4975 or 4980B of the Code. Each "employee benefit
      plan" established or maintained by the Company, the Guarantors, their
      respective subsidiaries or any of their ERISA Affiliates that is intended
      to be qualified under Section 401 of the Code has received a favorable
      determination of such qualification from the Internal Revenue Service, or
      currently has an application for such determination on file, and nothing
      has occurred, whether by action or failure to act, which would cause the
      loss of such qualification.

      (jj)  No Default in Senior Indebtedness. No event of default exists under
      any contract, indenture, mortgage, loan agreement, note, lease or other
      agreement or instrument constituting senior indebtedness of the Company or
      any of the Guarantors.

                                       13
<PAGE>
      (kk)  Regulation S compliance. The Company, the Guarantors and their
      respective affiliates and all persons acting on their behalf (other than
      the Initial Purchasers, as to whom the Company and the Guarantors make no
      representation) have complied with and will comply with the offering
      restrictions requirements of Regulation S in connection with the offering
      of the Securities outside the United States and, in connection therewith,
      the Offering Memorandum will contain the disclosure required by Rule 902.

      (ll)  Compliance with Regulation S Restriction Period. The Securities sold
      in reliance on Regulation S will be represented upon issuance by a
      temporary global security that may not be exchanged for definitive
      securities until the expiration of the 40-day restricted period referred
      to in Rule 903 of the Securities Act and only upon certification of
      beneficial ownership of such Securities by non-U.S. persons or U.S.
      persons who purchased such Securities in transactions that were exempt
      from the registration requirements of the Securities Act.

SECTION 2. Purchase, Sale and Delivery of the Securities.

      (a)   The Securities. On the basis of the representations, warranties and
      agreements herein contained, and upon the terms but subject to the
      conditions herein set forth, the Company agrees to issue and sell to the
      several Initial Purchasers, severally and not jointly, all of the
      Securities and the Initial Purchasers agree, severally and not jointly, to
      purchase from the Company the aggregate principal amount of Securities set
      forth opposite their names on Schedule A, at a purchase price of 97.00% of
      the principal amount thereof payable on the Closing Date.

      (b)   The Closing Date. Delivery of certificates for the Securities in
      definitive form to be purchased by the Initial Purchasers and payment
      therefor shall be made at the offices of Latham & Watkins, 885 Third
      Avenue, New York, New York 10022 (or such other place as may be agreed to
      by the Company and the Initial Purchasers) at 9:00 a.m. New York City
      time, on April 18, 2002, or such other time and date as the Initial
      Purchasers shall designate by notice to the Company (the time and date of
      such closing are called the "Closing Date").

      (c)   Delivery of the Securities. The Company shall deliver, or cause to
      be delivered, to Banc of America Securities LLC for the accounts of the
      several Initial Purchasers certificates for the Securities at the Closing
      Date against the irrevocable release of a wire transfer of immediately
      available funds for the amount of the purchase price therefor. The
      certificates for the Securities shall be in such denominations and
      registered in the name of Cede & Co., as nominee of the Depositary, and
      shall be made available for inspection on the business day preceding the
      Closing Date at a location in New York City, as the Initial Purchasers may
      designate. Time shall be of the essence, and delivery at the time and
      place specified in this Agreement is a further condition to the
      obligations of the Initial Purchasers.

      (d)   Delivery of Offering Memorandum to the Initial Purchasers. Not later
      than 12:00 p.m. on the second business day following the date of this
      Agreement, the Company shall deliver or cause to be delivered copies of
      the Offering Memorandum in such quantities and at such places as the
      Initial Purchasers shall reasonably request.

      (e)   Initial Purchasers as Qualified Institutional Buyers. Each Initial
      Purchaser severally and not jointly represents and warrants to, and agrees
      with, the Company that

                                       14
<PAGE>
      it is a "qualified institutional buyer" within the meaning of Rule 144A (a
      "Qualified Institutional Buyer").

      (f)   Resale of Securities. Each Initial Purchaser severally and not
      jointly represents and warrants to, and agrees with, the Company that such
      Initial Purchaser will make offers of the Securities purchased hereunder
      on the terms set forth in the Offering Memorandum solely (i) to persons
      whom such Initial Purchaser reasonably believes to be a Qualified
      Institutional Buyer and (ii) to persons permitted to purchase securities
      in offshore transactions in reliance upon Regulation S under the
      Securities Act (such persons specified in clauses (i) and (ii) are the
      Subsequent Purchasers referred to herein).

SECTION 3. Additional Covenants. The Company and each of the Guarantors, jointly
and severally, further covenant and agree with each Initial Purchaser as
follows:

      (a)   Initial Purchasers' Review of Proposed Amendments and Supplements.
      Prior to amending or supplementing the Offering Memorandum, the Company
      shall furnish to the Initial Purchasers for review a copy of each such
      proposed amendment or supplement, and the Company shall not use any such
      proposed amendment or supplement to which the Initial Purchasers
      reasonably object.

      (b)   Amendments and Supplements to the Offering Memorandum and Other
      Securities Act Matters. If, prior to the completion of the placement of
      the Securities by the Initial Purchasers with the Subsequent Purchasers
      but not later than the date of the consummation of the Exchange Offer, any
      event shall occur or condition exist as a result of which the Offering
      Memorandum shall include any untrue statement of a material fact or 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, or if in the opinion of the Initial Purchasers or counsel for
      the Initial Purchasers, it is otherwise necessary to amend or supplement
      the Offering Memorandum to comply with law, the Company and each of the
      Guarantors agree to promptly prepare (subject to Section 3 hereof) and
      furnish, at their own expense to the Initial Purchasers, amendments or
      supplements to the Offering Memorandum so that the statements in the
      Offering Memorandum as so amended or supplemented will not include such
      statement or omission or so that the Offering Memorandum, as amended or
      supplemented, will comply with law.

            Following the consummation of the Exchange Offer or the
      effectiveness of an applicable shelf registration statement and for so
      long as the Securities are outstanding, if, in the reasonable judgment of
      the Initial Purchasers, the Initial Purchasers or any of their affiliates
      (as such term is defined in the rules and regulations under the Securities
      Act) are required to deliver a prospectus in connection with sales of, or
      market-making activities with respect to, such securities, because they
      are or may be deemed an "Affiliate" of the Company, as such term is used
      under Rule 144 under the Securities Act, to periodically amend the
      applicable registration statement so that the information contained
      therein complies with the requirements of Section 10 of the Securities
      Act, to amend the applicable registration statement or supplement the
      related prospectus or the documents incorporated therein when necessary to
      reflect any material changes in the information provided therein so that
      the registration statement and the prospectus will not contain any untrue
      statement of a material fact or omit to state any material fact necessary
      in order to make the statements therein, in the light of the circumstances
      under which they were made, not misleading and to provide the Initial
      Purchasers with copies of each amendment or

                                       15
<PAGE>
      supplement filed and such other documents as the Initial Purchasers may
      reasonably request.

            The Company and each of the Guarantors hereby expressly acknowledge
      that the indemnification and contribution provisions of Sections 8 and 9
      hereof are specifically applicable and relate to each offering memorandum,
      registration statement, prospectus, amendment or supplement referred to in
      this Section 3.

      (c)   Copies of the Offering Memorandum. The Company agrees to furnish the
      Initial Purchasers, without charge, as many copies of the Offering
      Memorandum and any amendments and supplements thereto as they shall have
      reasonably requested.

      (d)   Blue Sky Compliance. The Company and each of the Guarantors shall
      cooperate with the Initial Purchasers and counsel for the Initial
      Purchasers to qualify or register the Securities for sale under (or obtain
      exemptions from the application of) the Blue Sky or state securities laws
      of those jurisdictions designated by the Initial Purchasers, shall comply
      with such laws and shall continue such qualifications, registrations and
      exemptions in effect so long as required for the distribution of the
      Securities. Each of the Company and the Guarantors shall not be required
      to qualify as a foreign corporation or to take any action that would
      subject it to general service of process in any such jurisdiction where it
      is not presently qualified or where it would be subject to taxation as a
      foreign corporation. The Company and each of the Guarantors will advise
      the Initial Purchasers promptly of the suspension of the qualification or
      registration of (or any such exemption relating to) the Securities for
      offering, sale or trading in any jurisdiction or any initiation or threat
      of any proceeding for any such purpose, and in the event of the issuance
      of any order suspending such qualification, registration or exemption, the
      Company and each of the Guarantors shall use their best efforts to obtain
      the withdrawal thereof at the earliest possible moment.

      (e)   Use of Proceeds. The Company shall apply the net proceeds from the
      sale of the Securities sold by it in the manner described under the
      caption "Use of Proceeds" in the Offering Memorandum.

      (f)   The Depositary. The Company and each of the Guarantors will
      cooperate with the Initial Purchasers and use their best efforts to permit
      the Securities to be eligible for clearance and settlement through the
      facilities of the Depositary.

      (g)   Additional Issuer Information. At any time when the Company is not
      subject to Section 13 or 15 of the Exchange Act, for the benefit of
      holders and beneficial owners from time to time of Securities, the Company
      shall furnish, at its expense, upon request, to holders and beneficial
      owners of Securities and prospective purchasers of Securities information
      ("Additional Issuer Information") satisfying the requirements of
      subsection (d)(4) of Rule 144A.

      (h)   Agreement Not To Offer or Sell Additional Securities. During the
      period of 180 days following the date of the Offering Memorandum, the
      Company and each of the Guarantors will not, without the prior written
      consent of Banc of America Securities LLC, directly or indirectly, issue,
      sell, offer to sell, grant any option for the sale of, any securities
      similar to the Notes, or any securities convertible into or exchangeable
      for the Notes or any such similar securities, except for the Notes sold to
      the Initial Purchasers pursuant to this Purchase Agreement.

                                       16
<PAGE>
      (i)   Future Reports to the Initial Purchasers. For so long as any
      Securities or Exchange Securities remain outstanding, the Company and the
      Guarantors will furnish to Banc of America Securities LLC (i) as soon as
      practicable after the end of each fiscal year, copies of the Annual Report
      of the Company containing the balance sheet of the Company and the
      Guarantors as of the close of such fiscal year and statements of income,
      stockholders' equity and cash flows for the year then ended and the
      opinion thereon of the Company's independent public or certified public
      accountants; and (ii) as soon as available, copies of any report or
      communication of the Company or the Guarantors mailed generally to holders
      of its debt (including the holders of the Securities).

      (j)   No Integration. The Company and each of the Guarantors agree that
      they will not and will cause their respective Affiliates not to make any
      offer or sale of securities of the Company of any class if, as a result of
      the doctrine of "integration" referred to in Rule 502 under the Securities
      Act, such offer or sale would render invalid (for the purpose of (i) the
      sale of the Securities by the Company to the Initial Purchasers, (ii) the
      resale of the Securities by the Initial Purchasers to Subsequent
      Purchasers or (iii) the resale of the Securities by such Subsequent
      Purchasers to others) the exemption from the registration requirements of
      the Securities Act provided by Section 4 thereof or by Rule 144A or by
      Regulation S thereunder or otherwise.

      (k)   Legended Securities. Each certificate for a Note will bear the
      legend contained in "Notice to Investors" in the Offering Memorandum for
      the time period and upon the other terms stated in the Offering
      Memorandum.

      (l)   PORTAL. The Company and each of the Guarantors will use their best
      efforts to cause such Notes to be eligible for the National Association of
      Securities Dealers, Inc. PORTAL market (the "PORTAL market").

            Banc of America Securities LLC, on behalf of the several Initial
Purchasers, may, in its sole discretion, waive in writing the performance by the
Company and each of the Guarantors of any one or more of the foregoing covenants
or extend the time for their performance.

SECTION 4. Payment of Expenses. The Company agrees to pay (i) all costs, fees
and expenses incurred in connection with the performance of its obligations
hereunder and in connection with the transactions contemplated hereby, including
without limitation all expenses incident to the issuance and delivery of the
Securities (including all printing and engraving costs), (ii) all necessary
issue, transfer and other stamp taxes in connection with the issuance and sale
of the Securities to the Initial Purchasers, (iii) all fees and expenses of the
Company's and the Guarantors' counsel, independent public or certified public
accountants and other advisors, (iv) all costs and expenses incurred in
connection with the preparation, printing, filing, shipping and distribution of
the Preliminary Offering Memorandum and the Offering Memorandum (including
financial statements and exhibits), and all amendments and supplements thereto,
this Agreement, the Registration Rights Agreement, the Indenture, and the Notes
and the Guarantees, (v) all filing fees, attorneys' fees and expenses incurred
by the Company or the Initial Purchasers in connection with qualifying or
registering (or obtaining exemptions from the qualification or registration of)
all or any part of the Securities for offer and sale under the Blue Sky laws
and, if requested by the Initial Purchasers, preparing and printing a "Blue Sky
Survey" or memorandum, and any supplements thereto, advising the Initial
Purchasers of such qualifications, registrations and exemptions, (vi) the fees
and expenses of the Trustee, including the fees and disbursements of counsel for
the Trustee in connection with the Indenture, the

                                       17
<PAGE>
Securities and the Exchange Securities, (vii) any fees payable in connection
with the rating of the Securities or the Exchange Securities with the ratings
agencies and the listing of the Securities with the PORTAL market and (viii) all
fees and expenses (including reasonable fees and expenses of counsel) of the
Company and the Guarantors in connection with approval of the Securities by DTC
for "book-entry" transfer, and the performance by the Company and the Guarantors
of their respective other obligations under this Agreement. Except as provided
in this Section 4, Section 6, Section 8 and Section 9 hereof, the Initial
Purchasers shall pay their own expenses, including the fees and disbursements of
their counsel.

SECTION 5. Conditions of the Obligations of the Initial Purchasers. The
obligations of the several Initial Purchasers to purchase and pay for the
Securities as provided herein on the Closing Date shall be subject to the
accuracy of the representations and warranties on the part of the Company and
the Guarantors set forth in Section 1 hereof as of the date hereof and as of the
Closing Date as though then made and to the timely performance by the Company
and each of the Guarantors of their respective covenants and other obligations
hereunder, and to each of the following additional conditions:

      (a)   Accountants' Comfort Letter. On the date hereof, the Initial
      Purchasers shall have received from Ernst & Young LLP, independent public
      or certified public accountants for the Company, a letter dated the date
      hereof addressed to the Initial Purchasers, in form and substance
      satisfactory to the Initial Purchasers, containing statements and
      information of the type ordinarily included in accountant's "comfort
      letters" to Initial Purchasers, delivered according to Statement of
      Auditing Standards Nos. 72 and 76 (or any successor bulletins), with
      respect to the audited and unaudited financial statements and certain
      financial information contained in the Registration Statement and the
      Offering Memorandum.

      (b)   No Material Adverse Change or Ratings Agency Change. For the period
      from and after the date of this Agreement and prior to the Closing Date:

            (i)   in the judgment of the Initial Purchasers there shall not have
occurred any Material Adverse Change or any development that could reasonably be
expected to result in a Material Adverse Change; and

            (ii)  there shall not have occurred any downgrading, nor shall any
notice have been given of any intended or potential downgrading or of any review
for a possible change that does not indicate the direction of the possible
change, in the rating accorded any securities of the Company or any of its
subsidiaries by any "nationally recognized statistical rating organization" as
such term is defined for purposes of Rule 436 under the Securities Act.

      (c)   Opinion of Counsel for the Company. On the Closing Date the Initial
      Purchasers shall have received the favorable opinion of Reed Smith LLP,
      counsel for the Company, dated as of such Closing Date, the form of which
      is attached as Exhibit A.

      (d)   Opinion of General Counsel for the Company. On the Closing Date the
      Initial Purchasers shall have received an opinion of Fritz Byers, Esquire,
      general counsel for the Company dated as of such Closing Date, the form of
      which is attached as Exhibit B.

      (e)   Opinion of Counsel for the Initial Purchasers. On the Closing Date
      the Initial Purchasers shall have received the favorable opinion of Latham
      & Watkins, counsel for

                                       18
<PAGE>
      the Initial Purchasers, dated as of such Closing Date, with respect to
      such matters as may be reasonably requested by the Initial Purchasers.

      (f)   Officers' Certificate. On the Closing Date the Initial Purchasers
      shall have received a written certificate executed by the Chairman of the
      Board, Chief Executive Officer or President of the Company and each of the
      Guarantors and the Chief Financial Officer or Chief Accounting Officer of
      the Company and each of the Guarantors, dated as of the Closing Date, to
      the effect set forth in subsection b (ii) of this Section 5, and further
      to the effect that:

            (i)   for the period from and after the date of this Agreement and
prior to the Closing Date there has not occurred any Material Adverse Change;

            (ii)  the representations and warranties of the Company and each of
the Guarantors set forth in Section 1 of this Agreement are true and correct
with the same force and effect as though expressly made on and as of the Closing
Date; and

            (iii) the Company and each of the Guarantors has complied with all
the agreements and satisfied all the conditions on its part to be performed or
satisfied at or prior to the Closing Date.

      (g)   Bring-down Comfort Letter. On the Closing Date the Initial
      Purchasers shall have received from Ernst & Young LLP, independent public
      or certified public accountants for the Company, a letter dated such date,
      in form and substance satisfactory to the Initial Purchasers, to the
      effect that they reaffirm the statements made in the letter furnished by
      them pursuant to subsection of this Section 5, except that the specified
      date referred to therein for the carrying out of procedures shall be no
      more than three business days prior to the Closing Date.

      (h)   PORTAL Listing. At the Closing Date the Notes shall have been
      designated for trading on the PORTAL market.

      (i)   Registration Rights Agreement. The Company and each of the
      Guarantors shall have entered into the Registration Rights Agreement and
      the Initial Purchasers shall have received executed counterparts thereof.

      (j)   Indenture. The Company and each of the Guarantors shall have entered
      into the Indenture and the Initial Purchasers shall have received executed
      counterparts thereof.

      (k)   Notice of Redemption. On the Closing Date, the Senior Notes shall
      have been fully repaid and retired and all obligations thereunder shall
      have been satisfied in full and evidence reasonably satisfactory to the
      Initial Purchasers of the same shall have been delivered to the Initial
      Purchasers.

      (l)   Interest Swap Agreements. On or before the Closing Date, the Company
      shall have effectively terminated its interest swap agreements relating to
      its senior credit facilities or it shall have entered into interest
      hedging arrangements reasonably satisfactory to Banc of America Securities
      LLC.

                                       19
<PAGE>
      (m)   Additional Documents. On or before the Closing Date, the Initial
      Purchasers and counsel for the Initial Purchasers shall have received such
      information, documents and opinions as they may reasonably require for the
      purposes of enabling them to pass upon the issuance and sale of the
      Securities as contemplated herein, or in order to evidence the accuracy of
      any of the representations and warranties, or the satisfaction of any of
      the conditions or agreements, herein contained.

            If any condition specified in this Section 5 is not satisfied when
and as required to be satisfied, this Agreement may be terminated by the Initial
Purchasers by notice to the Company at any time on or prior to the Closing Date,
which termination shall be without liability on the part of any party to any
other party, except that Section 4, Section 6, Section 8 and Section 9 shall at
all times be effective and shall survive such termination.

SECTION 6. Reimbursement of Initial Purchasers' Expenses. If this Agreement is
terminated by the Initial Purchasers pursuant to Section 5, or if the sale to
the Initial Purchasers of the Securities on the Closing Date is not consummated
because of any refusal, inability or failure on the part of the Company or the
Guarantors to perform any agreement herein or to comply with any provision
hereof, the Company and the Guarantors agree, jointly and severally, to
reimburse the Initial Purchasers (or such Initial Purchasers as have terminated
this Agreement with respect to themselves), severally, upon demand for all
out-of-pocket expenses that shall have been reasonably incurred by the Initial
Purchasers in connection with the proposed purchase and the offering and sale of
the Securities, including but not limited to fees and disbursements of counsel,
printing expenses, travel expenses, postage, facsimile and telephone charges.

SECTION 7. Offer, Sale and Resale Procedures. Each of the Initial Purchasers, on
the one hand, and the Company and each of the Guarantors, on the other hand,
hereby establish and agree to observe the following procedures in connection
with the offer and sale of the Securities:

      (a)   Offers and sales of the Securities will be made only by the Initial
      Purchasers or Affiliates thereof qualified to do so in the jurisdictions
      in which such offers or sales are made. Each such offer or sale shall only
      be made to persons whom the offeror or seller reasonably believes to be
      qualified institutional buyers (as defined in Rule 144A under the
      Securities Act) or non-U.S. persons outside the United States to whom the
      offeror or seller reasonably believes offers and sales of the Securities
      may be made in reliance upon Regulation S under the Securities Act, upon
      the terms and conditions set forth in Annex I hereto, which Annex I is
      hereby expressly made a part hereof.

      (b)   The Securities will be offered by approaching prospective Subsequent
      Purchasers on an individual basis. No general solicitation or general
      advertising (within the meaning of Rule 502 under the Securities Act) will
      be used in the United States in connection with the offering of the
      Securities.

      (c)   Upon original issuance by the Company, and until such time as the
      same is no longer required under the applicable requirements of the
      Securities Act, the Securities (and all securities issued in exchange
      therefor or in substitution thereof, other than the Exchange Securities)
      shall bear the following legend:

                  "THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS
            ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER
            SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
            (THE "SECURITIES ACT"), AND THE SECURITY EVIDENCED

                                       20
<PAGE>
            HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
            ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.
            EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED
            THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS
            OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.
            THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT
            OF THE ISSUER THAT

                        (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE
                  TRANSFERRED ONLY:

                              (i) (a) TO A PERSON WHO IS A QUALIFIED
                        INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
                        SECURITIES ACT) IN A TRANSACTION MEETING THE
                        REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING
                        THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT,
                        (c) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A
                        TRANSACTION MEETING THE REQUIREMENTS OF RULE 904 UNDER
                        THE SECURITIES ACT, (d) TO AN INSTITUTIONAL "ACCREDITED
                        INVESTOR" (AS DEFINED IN RULE 501(a)(1), (2),(3) OR (7)
                        OF THE SECURITIES ACT (AN "INSTITUTIONAL ACCREDITED
                        INVESTOR")) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE
                        TRUSTEE A SIGNED LETTER CONTAINING CERTAIN
                        REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE
                        OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN
                        RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS
                        THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE
                        ISSUER THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE
                        SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER
                        EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
                        SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF
                        THE ISSUER SO REQUESTS),

                              (ii) TO THE ISSUER, OR

                              (iii) PURSUANT TO AN EFFECTIVE REGISTRATION
                        STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY
                        APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
                        STATES OR ANY OTHER APPLICABLE JURISDICTION AND

                        (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
                  REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY
                  EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A)
                  ABOVE."

            Following the sale of the Securities by the Initial Purchasers to
      Subsequent Purchasers pursuant to the terms hereof, the Initial Purchasers
      shall not be liable or responsible to the Company for any losses, damages
      or liabilities suffered or incurred by the Company, including any losses,
      damages or liabilities under the Securities Act, arising from or relating
      to any resale or transfer of any Security.

                                       21
<PAGE>
SECTION 8. Indemnification.

      (a)   Indemnification of the Initial Purchasers. The Company and each of
      the Guarantors, jointly and severally, agree to indemnify and hold
      harmless each Initial Purchaser, its directors, officers and employees,
      and each person, if any, who controls any Initial Purchaser within the
      meaning of the Securities Act and the Exchange Act against any loss,
      claim, damage, liability or expense, as incurred, to which such Initial
      Purchaser or such controlling person may become subject, under the
      Securities Act, the Exchange Act or other federal or state statutory law
      or regulation, or at common law or otherwise (including in settlement of
      any litigation, if such settlement is effected with the written consent of
      the Company), insofar as such loss, claim, damage, liability or expense
      (or actions in respect thereof as contemplated below) arises out of or is
      based upon (i) any untrue statement or alleged untrue statement of a
      material fact contained in the Preliminary Offering Memorandum or the
      Offering Memorandum (or any amendment or supplement thereto), or the
      omission or alleged omission therefrom of a material fact necessary in
      order to make the statements therein, in the light of the circumstances
      under which they were made, not misleading; or (ii) upon any failure of
      the Company or any of the Guarantors to perform its obligations hereunder
      or under law; or (iii) any act or failure to act or any alleged act or
      failure to act by any Initial Purchaser in connection with, or relating in
      any manner to, the offering contemplated hereby, and which is included as
      part of or referred to in any loss, claim, damage, liability or action
      arising out of or based upon any matter covered by clause (i) above,
      provided that the Company and each of the Guarantors shall not be liable
      under this clause (iii) to the extent that a court of competent
      jurisdiction shall have determined by a final judgment that such loss,
      claim, damage, liability or action resulted directly from any such acts or
      failures to act undertaken or omitted to be taken by any Initial Purchaser
      through its gross negligence or willful misconduct; and to reimburse each
      Initial Purchaser and each such controlling person for reasonable expenses
      (including the fees and disbursements of counsel chosen by Banc of America
      Securities LLC) as such expenses are reasonably incurred by such Initial
      Purchaser or such controlling person in connection with investigating,
      defending, settling, compromising or paying any such loss, claim, damage,
      liability, expense or action; provided, however, that the foregoing
      indemnity agreement shall not apply to any loss, claim, damage, liability
      or expense to the extent, but only to the extent, arising out of or based
      upon any untrue statement or alleged untrue statement or omission or
      alleged omission made in reliance upon and in conformity with written
      information furnished to the Company or any of the Guarantors by the
      Initial Purchasers expressly for use in any Preliminary Offering
      Memorandum or the Offering Memorandum (or any amendment or supplement
      thereto) it being understood and agreed that such information consists
      only of the information described as such in subsection (b) below. The
      indemnity agreement set forth in this Section 8 shall be in addition to
      any liabilities that the Company or any of the Guarantors may otherwise
      have.

      (b)   Indemnification of the Company, the Guarantors, their Directors and
      Officers. Each Initial Purchaser agrees, severally and not jointly, to
      indemnify and hold harmless the Company, each of the Guarantors and each
      of their respective directors, officers and employees and each person, if
      any, who controls the Company or any of the Guarantors within the meaning
      of the Securities Act or the Exchange Act, against any loss, claim,
      damage, liability or expense, as incurred, to which the Company, any of
      the Guarantors or any such director, or controlling person may become
      subject, under the Securities Act, the Exchange Act, or other federal or
      state statutory law or regulation, or at common law or otherwise
      (including in settlement of any litigation, if such settlement is effected
      with

                                       22
<PAGE>
      the written consent of such Initial Purchaser), insofar as such loss,
      claim, damage, liability or expense (or actions in respect thereof as
      contemplated below) arises out of or is based upon any untrue or alleged
      untrue statement of a material fact contained in any Preliminary Offering
      Memorandum or the Offering Memorandum (or any amendment or supplement
      thereto), or arises out of or is 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, in each case to
      the extent, but only to the extent, that such untrue statement or alleged
      untrue statement or omission or alleged omission was made in any
      Preliminary Offering Memorandum or the Offering Memorandum (or any
      amendment or supplement thereto), in reliance upon and in conformity with
      written information furnished to the Company or any of the Guarantors by
      the Initial Purchasers expressly for use therein; and to reimburse the
      Company, any of the Guarantors or any such director or controlling person
      for any legal and other expenses reasonably incurred by the Company, any
      of the Guarantors or any such director or controlling person in connection
      with investigating, defending, settling, compromising or paying any such
      loss, claim, damage, liability, expense or action. The Company and each of
      the Guarantors hereby acknowledge that the only information that the
      Initial Purchasers have furnished to the Company and each of the
      Guarantors expressly for use in any Preliminary Offering Memorandum or the
      Offering Memorandum (or any amendment or supplement thereto) are the
      statements set forth (i) in the fifth paragraph on page (ii), (ii) in the
      fourth sentence under the caption "Risk Factors - If an active trading
      market does not develop for those notes, you may not be able to resell
      them," and (iii) under the first and third sentence of the third
      paragraph, the second sentence of the fourth paragraph and the fifth
      paragraph under the caption "Plan of Distribution;" and the Initial
      Purchasers confirm that such statements are correct. The indemnity
      agreement set forth in this Section 8 shall be in addition to any
      liabilities that each Initial Purchaser may otherwise have.

      (c)   Notifications and Other Indemnification Procedures. 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 an indemnifying party under this
      Section 8, notify the indemnifying party in writing of the commencement
      thereof, but the omission so to notify the indemnifying party will not
      relieve it from any liability which it may have to any indemnified party
      to the extent it is not prejudiced as a proximate result of such failure.
      In case any such action is brought against any indemnified party and such
      indemnified party seeks or intends to seek indemnity from an indemnifying
      party, the indemnifying party will be entitled to participate in and, to
      the extent that it shall elect, jointly with all other indemnifying
      parties similarly notified, by written notice delivered to the indemnified
      party promptly after receiving the aforesaid notice from such indemnified
      party, to assume the defense thereof with counsel reasonably satisfactory
      to such indemnified party; provided, however, if the defendants in any
      such action include both the indemnified party and the indemnifying party
      and the indemnified party shall have reasonably concluded that a conflict
      may arise between the positions of the indemnifying party and the
      indemnified party in conducting the defense of any such action or 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, the indemnified party or parties shall have the right
      to select one separate counsel (together with local counsel) to assume
      such legal defenses and to otherwise participate in the defense of such
      action on behalf of such indemnified party or parties. Upon receipt of
      notice from the indemnifying party to such indemnified party of such
      indemnifying party's election so to assume the defense of such action and
      approval by the indemnified party of counsel, the indemnifying party will
      not

                                       23
<PAGE>
      be liable to such indemnified party under this Section 8 for any legal or
      other expenses subsequently incurred by such indemnified party in
      connection with the defense thereof unless (i) the indemnified party shall
      have employed separate counsel in accordance with the proviso to the next
      preceding sentence (it being understood, however, that the indemnifying
      party shall not be liable for the expenses of more than one separate
      counsel (together with local counsel), approved by the indemnifying party
      (Banc of America Securities LLC in the case of Section 8 and Section 9),
      representing the indemnified parties who are parties to such action) or
      (ii) 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 commencement of the action, in each of
      which cases the fees and expenses of counsel shall be at the expense of
      the indemnifying party.

      (d)   Settlements. The indemnifying party under this Section 8 shall not
      be liable for any settlement of any proceeding effected without its
      written consent, but if settled with such consent or if there be a final
      judgment for the plaintiff, the indemnifying party agrees to indemnify the
      indemnified party against any loss, claim, damage, liability or expense by
      reason of such settlement or judgment. Notwithstanding the foregoing
      sentence, if at any time an indemnified party shall have requested an
      indemnifying party to reimburse the indemnified party for fees and
      expenses of counsel as contemplated by Section 8 hereof, the indemnifying
      party agrees that it shall be liable for any settlement of any proceeding
      effected without its written consent if (i) such settlement is entered
      into more than 30 days after receipt by such indemnifying party of the
      aforesaid request and (ii) such indemnifying party shall not have
      reimbursed the indemnified party in accordance with such request prior to
      the date of such settlement. No indemnifying party shall, without the
      prior written consent of the indemnified party, effect any settlement,
      compromise or consent to the entry of judgment in any pending or
      threatened action, suit or proceeding in respect of which any indemnified
      party is or could have been a party and indemnity was or could have been
      sought hereunder by such indemnified party, unless such settlement,
      compromise or consent includes an unconditional release of such
      indemnified party from all liability on claims that are the subject matter
      of such action, suit or proceeding.

SECTION 9. Contribution.

            If the indemnification provided for in Section 8 is for any reason
held to be unavailable to or otherwise insufficient to hold harmless an
indemnified party in respect of any losses, claims, damages, liabilities or
expenses referred to therein, then each indemnifying party shall contribute to
the aggregate amount paid or payable by such indemnified party, as incurred, as
a result of any losses, claims, damages, liabilities or expenses referred to
therein (i) in such proportion as is appropriate to reflect the relative
benefits received by the Company and each of 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) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Company and each of the Guarantors, on
the one hand, and the Initial Purchasers, on the other hand, in connection with
the statements or omissions or inaccuracies in the representations and
warranties herein which resulted in such losses, claims, damages, liabilities or
expenses, as well as any other relevant equitable considerations. The relative
benefits received by the Company and each of 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

                                       24
<PAGE>
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 each of the Guarantors, and the total discount received by the
Initial Purchasers bear to the aggregate initial offering price of the
Securities. The relative fault of the Company and each of 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 or any such inaccurate or alleged inaccurate representation or warranty
relates to information supplied by the Company and each of the Guarantors, on
the one hand, or the Initial Purchasers, on the other hand, and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

            The amount paid or payable by a party as a result of the losses,
claims, damages, liabilities and expenses referred to above shall be deemed to
include, subject to the limitations set forth in Section 8, any legal or other
fees or expenses reasonably incurred by such party in connection with
investigating or defending any action or claim. The provisions set forth in
Section 8 with respect to notice of commencement of any action shall apply if a
claim for contribution is to be made under this Section 9; provided, however,
that no additional notice shall be required with respect to any action for which
notice has been given under Section 8 for purposes of indemnification.

            The Company, each of the Guarantors and the Initial Purchasers agree
that it would not be just and equitable if contribution pursuant to this Section
9 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 in this
Section 9.

            Notwithstanding the provisions of this Section 9, no Initial
Purchaser shall be required to contribute any amount in excess of the discount
received by such Initial Purchaser in connection with the Securities distributed
by it. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11 of the Securities Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation. The Initial
Purchasers' obligations to contribute pursuant to this Section 9 are several,
and not joint, in proportion to their respective commitments as set forth
opposite their names in Schedule A. For purposes of this Section 9, each
director, officer and employee of an Initial Purchaser and each person, if any,
who controls an Initial Purchaser within the meaning of the Securities Act and
the Exchange Act shall have the same rights to contribution as such Initial
Purchaser, and each director of the Company and any of the Guarantors, and each
person, if any, who controls the Company and each of the Guarantors with the
meaning of the Securities Act and the Exchange Act shall have the same rights to
contribution as the Company.

SECTION 10. Termination of this Agreement. Prior to the Closing Date, this
Agreement may be terminated by the Initial Purchasers by notice given to the
Company if at any time (i) trading in securities generally on either the Nasdaq
Stock Market or the New York Stock Exchange shall have been suspended or
limited, or minimum or maximum prices shall have been generally established on
any of such stock exchanges by the Commission or the NASD; (ii) a general
banking moratorium shall have been declared by any of federal, New York, Ohio or
California authorities; (iii) there shall have occurred any outbreak or
escalation of national or international hostilities or any crisis or calamity,
or any change in the United States or international financial markets, or any
substantial change or development involving a prospective substantial change in
United States' or international political, financial or economic conditions, as
in the judgment of the Initial Purchasers is material and adverse and makes it
impracticable to market the Securities

                                       25
<PAGE>
in the manner and on the terms described in the Offering Memorandum or to
enforce contracts for the sale of securities; (iv) in the judgment of the
Initial Purchasers there shall have occurred any Material Adverse Change; or (v)
the Company, the Guarantors or their respective subsidiaries shall have
sustained a loss by strike, fire, flood, earthquake, accident or other calamity
of such character as in the judgment of the Initial Purchasers may interfere
materially with the conduct of the business and operations of the Company and
the Guarantors or their respective subsidiaries regardless of whether or not
such loss shall have been insured. Any termination pursuant to this Section 10
shall be without liability on the part of the Company and the Guarantors to any
Initial Purchaser, except that the Company and the Guarantors shall be obligated
to reimburse the expenses of the Initial Purchasers pursuant to Sections 4 and 6
hereof, of any Initial Purchaser to the Company, or of any party hereto to any
other party except that the provisions of Section 8 and Section 9 shall at all
times be effective and shall survive such termination.

SECTION 11. Representations and Indemnities to Survive Delivery. The respective
indemnities, agreements, representations, warranties and other statements of the
Company, of each of the Guarantors, of their respective officers and of the
several Initial Purchasers set forth in or made pursuant to this Agreement will
remain in full force and effect, regardless of any investigation made by or on
behalf of any Initial Purchaser or the Company or any of the Guarantors or their
respective partners, officers or directors or any controlling person, as the
case may be, and will survive delivery of and payment for the Securities sold
hereunder and, in the case of Section 8 or 9 only, any termination of this
Agreement.

SECTION 12. Notices. All communications hereunder shall be in writing and shall
be mailed, hand delivered or telecopied and confirmed to the parties hereto as
follows:

If to the Initial Purchasers:

      Banc of America Securities LLC
      9 West 57th Street, 31st Floor
      New York, New York 10019

      Facsimile:  (212) 583-8324
      Attention:  Dan Kelly

   with a copy to:

      Latham & Watkins
      885 Third Avenue
      New York, New York 10022

      Facsimile: (212) 751-4864
      Attention:  Gregory A. Ezring, Esq.

                                       26
<PAGE>
If to the Company or the Guarantors:

      Block Communications, Inc.
      541 N. Superior Street
      Toledo, Ohio 43660

      Facsimile:  (419) 724-6167
      Attention:  Gary Blair

with copies to:

      Fritz Byers, Esq.
      824 Spritzer Building
      Toledo, OH [43660]

      Facsimile: (419) 241-4215

      Reed Smith LLP
      435 Sixth Avenue
      Pittsburgh, PA 15219

      Facsimile: (412)  288-3063
      Attention:  Nelson Winter, Esq.

Any party hereto may change the address for receipt of communications by giving
written notice to the others.

SECTION 13. Successors. This Agreement will inure to the benefit of and be
binding upon the parties hereto, including any substitute Initial Purchasers
pursuant to Section 16 hereof, and to the benefit of the employees, officers and
directors and controlling persons referred to in Section 8 and Section 9, and in
each case their respective successors, and no other person will have any right
or obligation hereunder. The term "successors" shall not include any purchaser
of the Securities as such from any of the Initial Purchasers merely by reason of
such purchase.

SECTION 14. Partial Unenforceability. The invalidity or unenforceability of any
Section, paragraph or provision of this Agreement shall not affect the validity
or enforceability of any other Section, paragraph or provision hereof. If any
Section, paragraph or provision of this Agreement is for any reason determined
to be invalid or unenforceable, there shall be deemed to be made such minor
changes (and only such minor changes) as are necessary to make it valid and
enforceable.

SECTION 15. Governing Law Provisions. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK
APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE.

      (a)   Consent to Jurisdiction. Any legal suit, action or proceeding
      arising out of or based upon this Agreement or the transactions
      contemplated hereby ("Related Proceedings") may be instituted in the
      federal courts of the United States of America located in the City and
      County of New York or the courts of the State of New York in

                                       27
<PAGE>
      each case located in the City and County of New York (collectively, the
      "Specified Courts"), and each party irrevocably submits to the
      non-exclusive jurisdiction of such courts in any such suit, action or
      proceeding. Service of any process, summons, notice or document by mail to
      such party's address set forth above shall be effective service of process
      for any suit, action or other proceeding brought in any such court. The
      parties irrevocably and unconditionally waive any objection to the laying
      of venue of any suit, action or other proceeding in the Specified Courts
      and irrevocably and unconditionally waive and agree not to plead or claim
      in any such court that any such suit, action or other proceeding brought
      in any such court has been brought in an inconvenient forum.

SECTION 16. Default of One or More of the Several Initial Purchasers. If any one
or more of the several Initial Purchasers shall fail or refuse to purchase
Securities that it or they have agreed to purchase hereunder on the Closing
Date, and the aggregate number of Securities which such defaulting Initial
Purchaser or Initial Purchasers agreed but failed or refused to purchase does
not exceed 10% of the aggregate number of the Securities to be purchased on such
date, the other Initial Purchasers shall be obligated, severally, in the
proportions that the number of Securities set forth opposite their respective
names on Schedule A bears to the aggregate number of Securities set forth
opposite the names of all such non-defaulting Initial Purchasers, or in such
other proportions as may be specified by the Initial Purchasers with the consent
of the non-defaulting Initial Purchasers, to purchase the Securities which such
defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused
to purchase on such date. If any one or more of the Initial Purchasers shall
fail or refuse to purchase Securities and the aggregate number of Securities
with respect to which such default occurs exceeds 10% of the aggregate number of
Securities to be purchased on the Closing Date, and arrangements satisfactory to
the Initial Purchasers and the Company for the purchase of such Securities are
not made within 48 hours after such default, this Agreement shall terminate
without liability of any party to any other party except that the provisions of
Section 4, Section 6, Section 8 and Section 9 shall at all times be effective
and shall survive such termination. In any such case either the Initial
Purchasers or the Company shall have the right to postpone the Closing Date, as
the case may be, but in no event for longer than seven days in order that the
required changes, if any, to the Offering Memorandum or any other documents or
arrangements may be effected.

            As used in this Agreement, the term "Initial Purchaser" shall be
deemed to include any person substituted for a defaulting Initial Purchaser
under this Section 16. Any action taken under this Section 16 shall not relieve
any defaulting Initial Purchaser from liability in respect of any default of
such Initial Purchaser under this Agreement.

SECTION 17. General Provisions. This Agreement constitutes the entire agreement
of the parties to this Agreement and supersedes all prior written or oral and
all contemporaneous oral agreements, understandings and negotiations with
respect to the subject matter hereof. This Agreement may be executed in two or
more counterparts, each one of which shall be an original, with the same effect
as if the signatures thereto and hereto were upon the same instrument. This
Agreement may not be amended or modified unless in writing by all of the parties
hereto, and no condition herein (express or implied) may be waived unless waived
in writing by each party whom the condition is meant to benefit[; provided,
however, the Company may waive any condition on behalf of itself and the
Guarantors, on the one hand, and Banc of America Securities LLC may waive any
condition on behalf of itself and the several Initial Purchasers, on the other
hand]. The Table of Contents and the section headings herein are for the
convenience of the parties only and shall not affect the construction or
interpretation of this Agreement.

                                       28
<PAGE>
            If the foregoing is in accordance with your understanding of our
agreement, kindly sign and return to the Company the enclosed copies hereof,
whereupon this instrument, along with all counterparts hereof, shall become a
binding agreement in accordance with its terms.

                                       29
<PAGE>
                                    Very truly yours,

                                    BLOCK COMMUNICATIONS, INC.

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

                                    ACCESS TOLEDO, LTD.

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

                                    BUCKEYE CABLEVISION, INC.

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

                                    BUCKEYE TELESYSTEM, INC.

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

                                    CARS HOLDING, INC.

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

                                       30
<PAGE>
                                    COMMUNITY COMMUNICATIONS SERVICES, INC.

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

                                    CORPORATE PROTECTION SERVICES, INC.

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

                                    ERIE COUNTY CABLEVISION, INC.

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

                                    IDAHO INDEPENDENT TELEVISION, INC.

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

                                    INDEPENDENCE TELEVISION COMPANY

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

                                       31
<PAGE>
                                    LIMA COMMUNICATIONS CORPORATION

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

                                    METRO FIBER & CABLE CONSTRUCTION COMPANY

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

                                    MONROE CABLEVISION, INC.

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

                                    PG PUBLISHING COMPANY

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

                                    TOLEDO AREA TELECOMMUNICATIONS
                                    SERVICES, INC.

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

                                       32
<PAGE>
                                    WLFI-TV, INC.

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

                                       33
<PAGE>
            The foregoing Purchase Agreement is hereby confirmed and accepted by
the Initial Purchasers as of the date first above written.

BANC OF AMERICA SECURITIES LLC
FLEET SECURITIES, INC.
COMERICA SECURITIES, INC.
NATCITY INVESTMENTS, INC.
BMO NESBITT BURNS CORP.

By: Banc of America Securities LLC,
as representative of the Initial Purchasers named on Schedule A hereto

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

                                       34
<PAGE>
                                   SCHEDULE A

<TABLE>
<CAPTION>
                                                             Aggregate
                                                             Principal
                                                             Amount of
                                                           Securities to
Initial Purchasers                                         be Purchased
<S>                                                        <C>
Banc of America Securities LLC .......................     $ 127,750,000
Fleet Securities, Inc.................................       15, 750,000
Comerica Securities, Inc..............................        10,500,000
NatCity Investments, Inc..............................        10,500,000
BMO Nesbitt Burns Corp................................        10,500,000

      Total...........................................     $ 175,000,000
</TABLE>
<PAGE>
                                   Schedule B

<TABLE>
<CAPTION>
Television   Channel                                           FCC License
Station      Number    Market                                  Expiration Date
----------   ------    ------                                  ----------------
<S>          <C>       <C>                                     <C>
WDRB         41        Louisville, KY                          August 1, 2005
WFTE         58        Louisville, KY                          August 1, 2005
WAND         17        Champaign-Springfield and Decatur, IL   December 1, 2005
KTRV         12        Boise, ID                               February 1, 2005
WLIO         35        Lima, OH                                October 1, 2005
</TABLE>
<PAGE>
                                   Schedule C

Access Toledo, Ltd.
Buckeye Cablevision, Inc.
Buckeye Telesystem, Inc.
CARS Holding, Inc.
Community Communications Services, Inc.
Corporate Protection Services, Inc.
Erie County Cablevision, Inc.
Idaho Independent Television, Inc.
Independence Television Company
Lima Communications Corporation
Metro Fiber & Cable Construction Company
Monroe Cablevision, Inc.
PG Publishing Company
Toledo Area Telecommunications Services, Inc.
WAND (TV) Partnership
WLFI-TV, Inc.
<PAGE>
                                                                         ANNEX I

Resale Pursuant to Regulation S or Rule 144A. Each Initial Purchaser understands
that:

            Such Initial Purchaser agrees that it has not offered or sold and
will not offer or sell the Securities in the United States or to, or for the
benefit or account of, a U.S. person (other than a distributor), in each case,
as defined in Rule 902 under the Securities Act (i) as part of its distribution
at any time and (ii) otherwise until 40 days after the later of the commencement
of the offering of the Securities pursuant hereto and the Closing Date, other
than in accordance with Regulation S of the Securities Act or another exemption
from the registration requirements of the Securities Act. Such Initial Purchaser
agrees that, during such 40-day restricted period, it will not cause any
advertisement with respect to the Securities (including any "tombstone"
advertisement) to be published in any newspaper or periodical or posted in any
public place and will not use any offering materials or documents in connection
with offers and sales of the Securities, except such advertisements, offering
materials or documents as permitted by and include the statements required by
Regulation S.

            Such Initial Purchaser agrees that, at or prior to confirmation of a
sale of Securities by it to any distributor, dealer or person receiving a
selling concession, fee or other remuneration during the 40-day restricted
period referred to in Rule 903 under the Securities Act, it will send to such
distributor, dealer or person receiving a selling concession, fee or other
remuneration 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, as amended (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 your 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 under the Securities Act (or Rule 144A or to Institutional
      Accredited Investors in transactions that are exempt from the registration
      requirements of the Securities Act), and in connection with any subsequent
      sale by you of the Notes covered hereby in reliance on Regulation S during
      the period referred to above to any distributor, dealer or person
      receiving a selling concession, fee or other remuneration, you must
      deliver a notice to substantially the foregoing effect. Terms used above
      have the meanings assigned to them in Regulation S."

            Such Initial Purchaser agrees that the Securities offered and sold
in reliance on Regulation S will be represented upon issuance by a global
security that may not be exchanged for definitive securities until the
expiration of the 40-day restricted period referred to in Rule 903 of the
Securities Act and only upon certification of beneficial ownership of such
Securities by non-U.S. persons or U.S. persons who purchased such Securities in
transactions that were exempt from the registration requirements of the
Securities Act.

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