Document:

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                                                                   EXHIBIT 10.14

                             NOTE AND LOAN AGREEMENT

Farm Credit

--------------------------------------------------------------------------------
Loan No.   Date         Amends Noted Dated  Assn. Br. No. Repayment Plan
  2473831    02/28/2002                           716-00  PRINCIPAL AND INTEREST

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      For value received, the undersigned ("Borrower", whether one or more)
      jointly and severally, promise to pay to FARM CREDIT OF NESS CITY, FCLA
      ("Lender") at Lender's offices, or to its order, the principal sum of ONE
      HUNDRED TWENTY THOUSAND AND NO/100 dollars ($120,000.00), with a beginning
      interest rate at 5.00% per annum starting UPON DISBURSEMENT on the
      unmatured principal, principal and interest payable as follows:

         DUE IN 5 CONSECUTIVE ANNUAL INSTALLMENTS ON THE 1ST DAY OF EACH MARCH
         AS FOLLOWS:

                  4 INSTALLMENTS OF PRINCIPAL AND INTEREST, IN THE AMOUNT OF
                  $27,716.98 EACH, THE FIRST DUE MARCH 1, 2003;

      and a final installment consisting of all unpaid principal balance of the
      indebtedness, and all accrued interest thereon shall be due and payable on
      March 1, 2007,

      PROVIDED, however, (1) if the period from the date of disbursement or
      conversion of the principal sum to the date of the initial installment is
      more or less than the regular installment period, the amount may be
      increased or decreased, so as to reflect interest actually accruing for
      that period, or (2) when any different rate of interest is established as
      provided below, the amount of each subsequent installment shall be
      increased or decreased to reflect the increase or decrease in the interest
      rate, but the due date of the increased or decreased installment shall
      remain as provided above, or (3) if any advance payment is made, it shall
      not operate to reduce the dollar amount of the payments evidenced by this
      Note and Loan Agreement, except as Lender may determine at its sole
      option.

/ /   If checked, this Note and Loan Agreement amends a note dated _____________
      and supersedes it to the extent the terms and conditions are inconsistent
      with this Note and Loan Agreement.

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                        INTEREST RATE AND PAYMENT CHANGES

      DIFFERENTIAL VARIABLE RATE. The interest rate on this Note and Loan
      Agreement shall be according to Lender's Differential Variable Interest
      Rate policy. Lender has the right, from time to time, to establish
      different rates of interest, either higher or lower than that stated
      above. The new rates shall apply to the unmatured principal and shall
      remain in effect until different rates are established by the Lender's
      Board of Directors.

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                                   PREPAYMENT

/ /   REINVESTMENT FEE REQUIRED FOR PREPAYMENT. If checked, Borrower agrees to
      pay a reinvestment fee as defined in the attached Prepayment Addendum.

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/X/   LATE PAYMENT PENALTY. If checked, Borrower agrees to pay a late payment
      penalty of 2% ABOVE THE BILLING RATE ON INSTALLMENTS NOT PAID IN FULL
      WITHIN 10 DAYS OF THE SCHEDULED PAYMENT DATE; AND CONTINUING UNTIL THE
      LOAN IS BROUGHT CURRENT on all payments of: (1) principal and interest not
      paid when due; and (2) other payments including insurance, taxes, etc. not
      paid when due if Lender advances to make the payments.

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                                  TYPE OF LOAN

        /X/ Agricultural          / / Rural Home Loan          / / Other

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      SECURITY. This Note and Loan Agreement is secured by a mortgage, deed of
      trust or security agreement dated FEBRUARY 28, 2002 covering certain real
      estate and/or personal property.

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/X/   SPECIAL CONDITIONS. If checked, in addition to the STANDARD CONDITIONS
      Borrower agrees to the following special conditions: "BORROWER AGREES TO
      SUBMIT TO THE LENDER AN ANNUAL VERIFIED BALANCE SHEET AND INCOME STATEMENT
      ON OR BEFORE MARCH 1, 2003, AND ON EACH ANNIVERSARY DATE THEREAFTER.
      FAILURE TO DO SO MAY RESULT IN A PENALTY OF .01 PERCENT OF THE OUTSTANDING
      PRINCIPAL BALANCE OR $100.00, WHICHEVER IS GREATER, WHICH MAY BE ADDED TO
      THE OUTSTANDING PRINCIPAL BALANCE."

                              ADDITIONAL PROVISIONS

      THIS WRITTEN CREDIT AGREEMENT IS THE FINAL EXPRESSION OF THE AGREEMENT
      BETWEEN BORROWER AND LENDER AND MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY
      PRIOR OR CONTEMPORANEOUS ORAL CREDIT AGREEMENT BETWEEN THE BORROWER AND
      THE LENDER. THE PARTIES AFFIRM THAT NO UNWRITTEN ORAL CREDIT AGREEMENT
      EXISTS BETWEEN THEM. I agree to the terms of the Note and acknowledge
      receiving a copy.

         WESTERN PLAINS ENERGY, LLC, A KANSAS LIMITED LIABILITY COMPANY

By: /S/ JEFF TORLUEMKE, CEO            Lender  FARM  CREDIT OF NESS CITY, FLCA
   ----------------------------------        -----------------------------------
   JEFF TORLUEMKE, CHIEF EXECUTIVE
   OFFICER

By: /S/ RICHARD L. STERRETT, CFO
   ----------------------------------  ------------------------------------
   RICHARD L. STERRETT, CHIEF          (Lender must sign if Borrower or
   FINANCIAL OFFICER                    security is in Kansas)

/S/ JEFF TORLUEMKE                     By /S/ DENNIS MCNINCH
-------------------------------------  ----------------------------------------
JEFF TORLUEMKE                         DENNIS MCNINCH, VICE PRESIDENT-LENDING

S/ RICHARD L. STERRETT
-------------------------------------
RICHARD L. STERRETT

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                               STANDARD CONDITIONS

While this loan agreement is in effect Borrower will: (1) at Lender's request,
furnish information to Lender relating to Borrower's business and financial
affairs and permit Lender to examine Borrower's books and records; (2) maintain
all other loans with Lender in a current status; (3) allow Lender to inspect and
appraise Lender's collateral; (4) utilize loan proceeds as provided in the
PURPOSE section of this agreement; (5) promptly notify Lender of any potential
material adverse change in financial condition or any possible default under
this or any other loan agreement with this Lender or with any other lender; (6)
execute all other documents as Lender may lawfully require in connection with
this loan; (7) comply with all terms and conditions of all other documents
executed in connection with this loan; (8) at Lender's request, submit an annual
verified balance sheet and income statement as of Borrower's fiscal year end.

ADDITIONAL COLLATERAL. LENDER MAY REQUEST ADDITIONAL COLLATERAL FOR THIS LOAN
FROM TIME TO TIME IN ACCORDANCE WITH APPLICABLE FEDERAL LAW, INCLUDING, WITHOUT
LIMITATION, REQUESTS FOR A SECURITY INTEREST IN LENDER'S "INSTALLMENT FUND" AND
"RESERVE FUND" PROGRAMS. BORROWER AGREES TO DELIVER ADDITIONAL COLLATERAL AS
LENDER MAY, IN GOOD FAITH, REQUEST.

STOCK

         Purchase, Lien and Conversion. Stock purchase and conversion shall be
         according to the terms, conditions and designations outlined in
         applicable federal law governing the Farm Credit System, regulations of
         the Farm Credit Administration and Lender's bylaws. Borrower
         acknowledges: (1) that the principal sum of this Note and Loan
         Agreement includes any sums borrowed to purchase the maximum amount
         of stock; (2) Lender has a first lien on Borrower's stock; and, (3)
         that stock retirement will be in accordance with applicable law,
         regulations and Lender's bylaws governing retirement.

         Default. In the event of default on this loan, Borrower agrees that
         Lender may retire stock, not to exceed par value or face amount, and
         apply the proceeds to principal and/or interest according to applicable
         law, regulations and Lender's bylaws in effect at the time of
         retirement.

         Risk. If book value of stock is ever less than par value or face amount
         or if Lender's capital becomes impaired, stock may be subject to risk
         of impairment and Lender may retire stock according to applicable
         federal law, regulations and Lender's bylaws. This in no way affects
         Borrower's obligation to repay its loan in full, including any amounts
         borrowed to purchase stock.

DISCLOSURE CONSENT. By signing, Borrower agrees that Lender may disclose
financial information to any consumer reporting agency and/or other Farm Credit
System institutions. The association may verify all information Borrower
discloses; it may also check credit, financial, employment, and income records
of the Borrower, and if either a partnership or joint venture of its members,
and of each guarantor; the association may also answer inquires about its credit
experience with the Borrower.

DEFAULT. Borrower is in default of this Note and Loan Agreement under the
following circumstances: (1) Borrower fails to repay principal or interest as
set forth in this Note and Loan Agreement; (2) Borrower materially breaches any
term, condition or representation in any document in connection with this loan
or in connection with any other loan of this, or any other Lender; (3) if any of
Borrower's representations to this, or any other, lender in connection with any
loan prove to be materially false; (4) Lender determines, in its sole
discretion, that Borrower is unable to repay the indebtedness or Lender
otherwise deems itself insecure; (5) Borrower fails to use loan proceeds as set
forth in the PURPOSE section of this Note and Loan Agreement; (6) if, solely in
Lender's judgment, borrower has experienced a material adverse change in
financial condition; (7) death, dissolution, termination of existence,
insolvency, business failure, petition for or appointment of a receiver,
assignment for the benefit of creditors by, or commencement of any proceeding
under any bankruptcy or insolvency law by or against Borrower, or any guarantor,
endorser, or surety for Borrower.

         Remedies. On default and acceleration, Lender may exercise all legal
         rights and remedies including, but not limited to, right and remedies
         stated in mortgages and security agreements. Exercise of any right or
         remedy shall not exclude exercise of any other right or remedy. The
         mortgage, deed of trust or security agreement provides that advances
         made by Lender shall become a part of the debt evidenced by this Note,
         and also states additional conditions under which the entire debt may
         be accelerated and become immediately due and will be subject to
         interest and default interest.

         Default Interest and Acceleration. In the event of default the interest
         rate shall be 2% above the then existing billing rate. On Borrower's
         default, and at Lender's option, all unpaid principal, including
         amounts advanced for taxes, insurance, etc., interest and default
         interest, shall become immediately due and payable without notice or
         demand by Lender. Lender may continue to charge interest, and default
         interest, on the accelerated amount.

         Waiver. Any delay or omission by Lender in exercising a right or remedy
         shall not waive that right or remedy or any other right or remedy. Any
         explicit waiver of default by Lender must be in writing and signed by
         Lender. No waiver of default by Lender shall operate as a waiver of any
         other default or of the same default on a future occasion.

LEGAL FEES. If this loan is placed in the hands of an attorney for collection or
to protect or enforce any of Lender's rights in bankruptcy or otherwise, Lender
may collect its attorney fees, court costs and other expenses as provided by
applicable law. If allowed by law, all of these expenditures by Lender shall be
secured by security for this loan and shall become principal under this loan.
These expenses shall be immediately payable and shall bear interest as provided
in the INTEREST RATE AND PAYMENT CHANGES paragraph of this Note and Loan
Agreement. Lender shall solely determine the propriety of paying these expenses
and Borrower shall have no action against Lender for payment under this
paragraph.

EVIDENCE. Lender's records shall be prima facie evidence of the balance owing
Lender and Borrower shall bear the burden of showing any fault or error.

WAIVER OF DEMAND. Borrower, and any endorser, surety or guarantor of this Note
and Loan Agreement, severally waive presentment for payment, demand, notice of
nonpayment, protest and notice of protest, and diligence in enforcing payment of
this Note.

RELEASE AND EXTENSION. Borrower, and any endorser, surety or guarantor of this
Note and Loan Agreement, severally agree that Lender may at any time, without
notice, release all or any part of the security for this Note and Loan Agreement
(including all or any part of the premises covered by the referenced mortgage or
deed of trust); grant extensions, deferments, renewals or reamortizations of any
part of the debt evidenced by this Note and Loan Agreement, and release from
personal liability any one or more of the parties who are or may become liable
for this debt; all without affecting the personal liability of any other party.

SAVINGS CLAUSE. If any provisions of this Note and Loan Agreement are found to
be invalid or unenforceable, they shall no longer be considered to be a part of
this Note and Loan Agreement. The remaining provisions shall be valid and
enforceable.

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AGENCY APPOINTMENT. Each Borrower appoints every other Borrower as his or her
agent for purposes of the obligations of this loan. Borrower acknowledges that
Lender may conduct transactions with any borrower as if it were conducting
transactions with all borrowers. This authority shall continue until Borrower
revokes or terminates it by giving written notice to Lender.

INCORPORATION BY REFERENCE. This Note and Loan Agreement includes all
amendments, supplements and modifications to it, and also incorporates by
reference the terms of all assignment, instruments, documents, other writings or
written agreements between Borrower and Lender, including without limitation,
applications, loan commitments, notes and security documents.

MERGER. This Note and Loan Agreement supersedes all prior oral negotiations,
representations, and promises which are merged into this writing. This Note and
Loan Agreement, and any amendments, modifications or extensions to it,
constitutes the entire agreement between Borrower and Lender.

BORROWER'S GUARANTEES. By signing, Borrower warrants that Borrower has legal
authority to enter into this transaction, that the terms and conditions of this
contract do not contravene the terms and conditions of any other contract(s) of
the Borrower, that Borrower's representations in connection with this loan are
true and accurate, and that Borrower is not involved in, or has any expectations
of involvement in, any legal action that might impair Borrower's financial
condition or ability to continue business.

CAPTIONS. Captions used in this Note and Loan Agreement are inserted only as a
matter of convenience and for reference, and in no way define, limit or describe
the scope or intent of any term or provisions.

APPLICABLE LAW. Enforcement of this Note and Loan Agreement and the mortgage,
deed of trust or security agreement shall be governed by federal laws to the
extent applicable, and shall otherwise be governed by the laws of the state in
which the mortgage real estate or personal property is located.

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FARM CREDIT SERVICES
Disbursement Statement

Borrower's Name  WESTERN PLAINS ENERGY, LLC  Loan Class 15  Assn. Br. No. 716-00
                 --------------------------             --                ------

Address          PO BOX 340                  Loan No. 2473831
                                                      -------

City, State, Zip  QUINTER          KS       67752           Seg Loan No.
                  ------------------------------------                   -------

1.  Loan amount                                                $     120,000.00
                                                                ----------------
2.  Withheld to purchase 200 shares of association stock      -$       1,000.00
                                                                ----------------
3.  Loan fee withheld   Assn. $             FCB $             -$
                               -------------     -------------  ----------------
4.  Amount withheld for refinance (Less stock credit, if used):

Loan No. Total Amount Due  Less Stock Credit   Net Amount Withheld

         $               - $               = $
--------   -------------     -------------     --------------------
         $               - $               = $
--------   -------------     -------------     --------------------
         $               - $               = $
--------   -------------     -------------     --------------------

5.  Proceeds deficit (Collect from borrowers):               - $
                                                                ----------------
6.  Net loan proceeds                                        + $

7.  Association record of initial disbursements              = $     119,000.00
                                                                ----------------

    Draft No.   Payee/Purpose                               Amount

     30155      WESTERN PLAINS ENERGY, LLC                  119,000.00
                A KANSAS LIMITED LIABILITY                  ----------
                COMPANY/OPERATING EXPENSE

8.  Amount of initial disbursements                          - $     119,000.00
                                                                ----------------
9.  Undisbursed loan proceeds:                               = $           0.00
                                                                ----------------

10. Additional deposit by borrower in the amount of $ __________ payable to
_________________________ for ______________________ (purpose)

11. Interest rate at time of disbursement                5.00000%
                                                         -------
12. Date interest begins (loan close date)               03/05/2002
                                                         ----------

13. I hereby authorize the FARM CREDIT OF NESS CITY, FLCA to disburse funds as
    itemized above.

/S/ JEFF TORLUEMKE
-----------------------------------------   ------------------------------------
JEFF TORLUEMKE Borrower's Signature                 Borrower's Signature

/S/ RICHARD L. STERRETT
-----------------------------------------   ------------------------------------
RICHARD L. STERRETT  Borrower's Signature           Borrower's Signature

-----------------------------------------   ------------------------------------
                     Borrower's Signature           Borrower's Signature

14. I certify that all closing requirements on the above loan have been met and
    the proceeds have been disbursed to, and for the benefit of, the persons
    entitled as shown above:

                                           /S/ DENNIS MCNINCH
                                           -------------------------------------
                                           DENNIS MCNINCH  Association Signature

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                  ATTACHMENT TO MORTGAGE AND SECURITY AGREEMENT

                                LOAN NO. 2473831

                           WESTERN PLAINS ENERGY, INC.
                       A KANSAS LIMITED LIABILITY COMPANY

A TRACT OF LAND LOCATED IN THE SOUTH HALF (S/2) OF SECTION ONE (1), TOWNSHIP
ELEVEN (11) SOUTH, RANGE THIRTY-ONE (31) WEST OF THE SIXTH PRINCIPAL MERIDIAN,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION, THENCE, ON AN ASSUMED BEARING
OF N00(Degree)18'21"W, ALONG THE WEST LINE OF SAID SECTION, A DISTANCE OF ONE
THOUSAND EIGHT HUNDRED SEVENTY-FIVE AND FIFTY-FIVE HUNDREDTHS (1875.55) FEET TO
THE SOUTH RIGHT-OF-WAY BOUNDARY OF THE UNION PACIFIC RAILROAD, THENCE
N88(Degree)48'41"E, ALONG SAID RAILROAD RIGHT-OF-WAY, FOR A DISTANCE OF TWO
HUNDRED NINETY-NINE AND EIGHTY-THREE HUNDREDTHS (299.83) FEET, THENCE
EAST-NORTHEASTERLY, ALONG SAID RAILROAD RIGHT-OF-WAY, ON A CIRCULAR CURVE TO THE
LEFT (ARC ANGLE = 01(Degree)16'41" LT; RADIUS = 17304.17 FT.; LONG CHORD BEARING
= N88(Degree)11'07"E), FOR A DISTANCE OF THREE HUNDRED EIGHTY-FIVE AND
NINETY-NINE HUNDREDTHS (385.99) FEET THENCE N87(Degree)32'00"E, ALONG SAID
RIGHT-OF-WAY, FOR A DISTANCE OF TWO THOUSAND FOUR HUNDRED TWELVE AND
EIGHTY-THREE HUNDREDTHS (2412.83) FEET, THENCE S00(Degree)08'11"E FOR A DISTANCE
OF ONE THOUSAND NINE HUNDRED NINETY-SEVEN AND SEVENTY-FIVE HUNDREDTHS (1997.75)
FEET TO THE SOUTH LINE OF SAID SECTION, THENCE S89(Degree)59'55"W, ALONG THE
SOUTH LINE OF SAID SECTION, FOR A DISTANCE OF THREE THOUSAND NINETY AND NINETY
HUNDREDTHS (3090.90) FEET TO THE POINT OF BEGINNING CONTAINING 137.21 ACRES,
SAID TRACT BEING SUBJECT TO COUNTY ROAD RIGHT-OF-WAY ALONG ITS WEST AND SOUTH
BOUNDARIES.

"TOGETHER WITH ALL WATER RIGHTS AND ALL WELLS AND EQUIPMENT USED FOR THE
IRRIGATION OF SAID LAND INCLUDING, BUT NOT LIMITED TO WELL NO. 1, PERMIT NO.
14027, PRIORITY DATE NOVEMBER 6, 1967, AT A PUMPING RATE NOT TO EXCEED 475 GPM
TO IRRIGATE A MAXIMUM OF 147 ACRES; ALSO WELL NO. 2, PERMIT NO 14027, PRIORITY
DATE NOVEMBER 6, 1967, AT A PUMPING RATE NOT TO EXCEED 475 GPM TO IRRIGATE A
MAXIMUM OF 147 ACRES, AND A SECURITY INTEREST IN ALL WELLS, PUMPS, MOTORS,
EQUIPMENT, AND SPRINKLER SYSTEMS USED FOR IRRIGATION OF THE LAND DESCRIBED ABOVE
INCLUDING ALL FUTURE ADDITIONS TO, REPLACEMENT OF, OR SUBSTITUTIONS FOR."

<Page>

                                                     WESTERN PLAINS ENERGY, LLC,

                         MORTGAGE AND SECURITY AGREEMENT
                          (With Future Advance Clause)

Farm Credit

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

Loan No.  2473831

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

DATE:

         THIS MORTGAGE is made on this 28TH day of FEBRUARY, 2002.

PARTIES:

         The parties to this mortgage are:

         WESTERN PLAINS ENERGY, LLC, A KANSAS LIMITED LIABILITY COMPANY

hereafter called MORTGAGOR, whether one or more, and FARM CREDIT OF NESS CITY,
FLCA, 114 W MAIN, PO BOX 457, NESS CITY, KS 67560-0457, hereafter called the
MORTGAGEE.

PROPERTY MORTGAGED.

         MORTGAGOR, in consideration of money loaned, as described in this
instrument, by the MORTGAGEE, does by this instrument mortgage to the MORTGAGEE
all of the following real estate situated in the County of GOVE and State of
KANSAS described as follows:

                                 SEE ATTACHMENT

                                       STATE OF KANSAS, GOVE COUNTY SS
                                       Filed for record this 1 day of April A.D.
                                       2002 at 8:00 o'clock A.M. and duly
                                       recorded in Book 138 of - Page 947-951
                                       Cristy S. Tuttle Register of Deeds
                                       Fee $14.00
                                       Corrine Christensen

Containing 137 acres, more or less.

Subject to existing easements, rights of way, and mineral interests or mineral
leases owned by third parties under valid reservations or conveyances now of
record; but including the following property, whether or not owned by MORTGAGOR
on the date of this mortgage or acquired by MORTGAGOR after the date of this
mortgage, or whether now or hereafter located on or appurtenant to the real
estate described above:

         All improvements of any kind and character; all equipment and fixtures;
         all easements, rights of way and reversionary rights; all privileges,
         hereditaments and appurtenances; all water, irrigation and drainage
         rights; and all abstracts or other evidence of title;

all of which shall be considered a part of the property securing the repayment
of the loan described in this instrument.

AMOUNT AND TERMS.

         The MORTGAGOR has made a promissory note payable to the order of
MORTGAGEE. The promissory note is dated FEBRUARY 28, 2002. The mortgage secures
to the MORTGAGEE the payment of $120,000.00 of the original principal sum and is
payable with interest as shown in the promissory note and if not sooner paid,
shall be due and payable in full on MARCH 1, 2007 subject to extensions thereof.
The promissory note states the interest rates on the principal sum, and may also
provide for future changes in the interest rate. The principal sum consists of
the original principal sum and substitutions and renewals thereof, and may
consist of additional principal advances not to exceed $0.00, as evidenced by
the MORTGAGOR's notes and bearing interest as provided in said notes. The
mortgage secures the repayment of the principal sum with interest, and any
additional indebtedness arising under the terms and conditions of this mortgage.

<Page>

PROMISES BY MORTGAGOR.
MORTGAGOR promises as follows:

1. TITLE. To be the owner of fee simple title to the real estate described
above, and to be the owner of unconditional title to all other property which
secures repayment of this mortgage; to have a good right to mortgage said
property; that all property is free and clear of all liens and encumbrances; and
to guarantee and defend title to all property which is the subject of this
mortgage against the lawful claims or demands of all persons not parties to this
agreement, except: (attach schedule, if applicable).

2. USE OF LOAN PROCEEDS. To use the proceeds from the loan secured by this
mortgage solely for the purposes stated by MORTGAGOR in MORTGAGOR's loan
application.

3. PAYMENT. To pay when due all payments as set out in the note secured by this
mortgage.

4. TAXES AND ASSESSMENTS. To pay when due all taxes and assessments lawfully
levied or assessed against the property mortgaged by this instrument, and also
to pay all lawful claims, liens, judgments or encumbrances which may be or
become prior to this mortgage.

5. INSURANCE AND ITS PROCEEDS. To insure the buildings and improvements now on,
or which may be placed on, the real estate described above, and to keep such
buildings and improvements insured against such hazards and in such amounts as
the MORTGAGEE may require. The policy of insurance shall contain a loss-payable
clause in favor of the MORTGAGEE, as its interest may appear. If there is a
loss, and if the payments on the note secured by this mortgage are current and
if there is no violation of the terms of this mortgage by MORTGAGOR, any sums
received by the MORTGAGEE for loss under the policy may be used to pay for
reconstruction of the destroyed buildings or improvements; if not so applied, or
if there is a violation of the terms of this mortgage by MORTGAGOR, then, at the
MORTGAGEE'S option, any sums received by the MORTGAGEE may be applied in payment
of matured debt, or as extra payments on unmatured debt in the manner provided
for in the promissory note secured by this mortgage.

6. COMPLIANCE WITH LAWS; REPAIR, WASTE, REMOVAL. To comply with all laws,
ordinances, regulations, covenants, conditions and restrictions which affect the
security; to keep the security in good condition and repair at all times; not to
commit or permit waste of, or nuisance on, the security, nor to permit
unreasonable depreciation of the physical condition or value of the security
through erosion, insufficient water supply, inadequate or improper drainage or
irrigation, or any other cause; or, unless written consent of the MORTGAGEE is
first obtained, not to cut or remove, or permit the cutting or removal of,
growing timber, except for domestic purposes; nor to remove or permit removal of
any improvements, except for appropriate replacement.

7. REIMBURSEMENT OF COSTS AND EXPENSES TO MORTGAGEE. To promptly reimburse the
MORTGAGEE for all costs and expenses which the MORTGAGEE may incur in any suit
to foreclose this mortgage, or in any suit in which the MORTGAGEE may be obliged
to defend or protect its lien under bankruptcy laws or other laws, or any of the
other rights it may have under this mortgage, including all abstract fees, all
court costs, a reasonable attorney's fee where allowed by law, and all other
expenses. Any expenses so incurred by the MORTGAGEE shall be secured by this
mortgage, may be included in any decree of foreclosure, and may be added as
advances to the loan balance when paid, as provided in the section labeled
"ADVANCES" below.

8. LIFE AND/OR DISABILITY INSURANCE; APPLICATION OF PROCEEDS. To obtain and
maintain life and/or disability insurance in such amount as the MORTGAGEE may
require in its loan commitment or in any later loan servicing agreement between
MORTGAGOR and MORTGAGEE. The insurance policy will provide that all insurance
proceeds are to be fully payable to the MORTGAGEE. All such proceeds shall be
applied, first, to the payment of any matured indebtedness due the MORTGAGEE,
and, secondly, toward payment of the unmatured principal amount due the
MORTGAGEE. Any insurance proceeds remaining after full satisfaction of the
MORTGAGEE'S debt shall be forwarded to such person as MORTGAGOR may have
designated in the insurance policy, or, if a person is not designated, to
MORTGAGOR or to MORTGAGOR'S successors in interest, and the MORTGAGEE shall be
held harmless in, and incur no liability for so doing.

ENVIRONMENTAL REPRESENTATIONS, WARRANTIES, COVENANTS, AND INDEMNITIES

         With respect to the property, Mortgagor has complied, is in compliance,
and will at all times comply in all respects with all applicable laws (whether
statutory, common law or otherwise), rules, regulations, orders, permits,
licenses, ordinances, judgments, or decrees of all governmental authorities
(whether federal, state, local or otherwise), including, without limitation, all
laws regarding public health or welfare, environmental protection, water and air
pollution, composition of product, underground storage tanks, toxic substances,
hazardous wastes,

<Page>

hazardous substances, hazardous materials, waste or used oil, asbestos,
occupational health and safety, nuisances, trespass, and negligence.

1. RIGHT OF INSPECTION. The Mortgagor hereby grants, and will cause any tenants
to grant to Mortgagee, its agents, attorneys, employees, consultants,
contractors, successors and assigns, an irrevocable license and authorization,
upon reasonable notice, to enter upon and inspect the Property and facilities
thereon, and perform such tests, including without limitation, subsurface
testing, soils and groundwater testing, and other tests which may physically
invade the Property thereon, as the Mortgagee, in its sole discretion,
determines is necessary to protect its security interest, provided however, that
under no circumstances shall the Mortgagee be obligated to perform such
inspections or tests.

2. INDEMNITY. Mortgagor agrees to indemnify and hold Mortgagee, its directors,
employees, agents, and its successors and assigns, harmless from and against any
and all claims, losses, damages, liabilities, fines, penalties, charges,
judgments, administrative orders, remedial action requirements, enforcement
actions of any kind, and all costs and expenses incurred in connection therewith
(including, but not limited to, attorney's fees and expenses, including all
attorneys fees and expenses incurred by Mortgagee in enforcing this indemnity),
arising directly or indirectly, in whole or in part, out of any failure of
Mortgagor to comply with the environmental representations, warranties and
covenants contained herein.

3. CONTINUATION OF REPRESENTATIONS, WARRANTIES, COVENANTS AND INDEMNITIES.
Mortgagor's representations, warranties, covenants and indemnities contained
herein shall survive the occurrence of any event whatsoever, including without
limitation, the satisfaction of the promissory note secured hereby, the
reconveyance or foreclosure of this mortgage, the acceptance by Mortgagee of a
deed in lieu of foreclosure, or any transfer or abandonment of the property.

ASSIGNMENT OF MINERAL INCOME AND DAMAGES.

         To provide for payment of the debt secured by this mortgage, MORTGAGOR
hereby assigns to the MORTGAGEE all sums of money which are now due or hereafter
may become due to MORTGAGOR for claims, injury or damage to the security from
any cause, and also all sums which are now due or hereafter may become due to
MORTGAGOR as rents, royalties, bonuses or delay rentals under any oil, gas or
other mineral lease now existing, or hereafter entered into by MORTGAGOR on the
real estate described above. To assign payment of these sums to the MORTGAGEE,
MORTGAGOR agrees to execute and deliver to the MORTGAGEE any further instruments
which the MORTGAGEE may require, at the MORTGAGEE'S option, sums paid to it by
virtue of this assignment may be released by the MORTGAGEE to MORTGAGOR, and
release of any such sums shall not prevent the MORTGAGEE from receiving payment
of any other sums under this assignment. If not released by the MORTGAGEE to
MORTGAGOR, such sums may be applied to pay any matured debt owing to the
MORTGAGEE, or, if no matured debt exists, such sums may be applied as advance
payment of principal, according to the provisions of the promissory note
described above. Release of this mortgage of record shall automatically
terminate the MORTGAGEE'S right to receive any further sums under this
assignment.

WATER RIGHTS.

         The MORTGAGOR shall abide by all the statutes, rules, and regulations
of any and all state and local authorities having jurisdiction over the use and
distribution of water or water resources, and further covenants and agrees not
to transfer, sell or assign or relinquish the water rights now held or hereafter
acquired covering the above described property without the written consent of
the MORTGAGEE.

ADVANCES.

         In the event MORTGAGOR does not pay when due any costs incurred for
abstracting, surveys, title curative work and recording fees which are to be
paid by MORTGAGOR as provided for in the application or commitment for this
loan, or in the event MORTGAGOR does not pay when due any taxes, or lawful
liens, judgments, assessments or other charges which MORTGAGOR promises by the
terms of this mortgage to pay, or in the event MORTGAGOR does not maintain
insurance as provided for in this mortgage, the MORTGAGEE may make such payments
or provide such insurance, and each payment which the MORTGAGEE makes on any of
these items shall become a part of the debt secured by this mortgage and be
added onto MORTGAGOR'S loan; however, any sum so paid by the MORTGAGEE shall
immediately be payable by MORTGAGOR and shall bear interest from the date the
MORTGAGEE advances such sums until the date MORTGAGOR pays them, as provided for
in the promissory note described above. The MORTGAGEE shall be the sole judge of
the legality, necessity or propriety of making any such payment of providing any
such insurance, and shall be held harmless in, and incur no liability for so
doing.

<Page>

SECURITY AGREEMENT.

         In the absence of a separate security agreement entered into by
MORTGAGOR and MORTGAGEE, this mortgage shall constitute and shall be a security
agreement pursuant to the Uniform Commercial Code with respect to any goods,
fixtures, equipment, appliances or articles of personal property specified above
or described in a separate schedule attached hereto (hereinafter collectively
referred to in this paragraph as "personal property") which are a part of the
Property and which, under applicable law, are or may be subject to a security
interest pursuant to the Uniform Commercial Code, and MORTGAGOR hereby grants
MORTGAGEE a security interest in said personal property. MORTGAGOR agrees to
execute and deliver from time to time financing statements covering said
personal property in such form as MORTGAGEE may require to perfect its security
interest therein. Upon MORTGAGOR'S breach of any covenant or agreement contained
in this mortgage, including but not limited to MORTGAGOR'S covenants to pay when
due all sums secured by the mortgage. MORTGAGEE shall have all the remedies of a
secured party under the Uniform Commercial Code and, at MORTGAGEE'S option, may
also invoke the remedies provided in this mortgage with respect to the personal
property secured hereby.

BREACH OF PROMISES IN THIS AGREEMENT;  ACCELERATION OF DEBT.

         In the event MORTGAGOR does not comply with any of the promises
contained in this mortgage, or does not do any of the acts which MORTGAGOR
agrees to do under the terms of this mortgage, or in the event MORTGAGOR makes
an assignment for the benefit of his creditors, or if a petition for or
appointment of a receiver or trustee to take charge of the MORTGAGOR'S property
occurs, or if any proceedings are commenced which might result in loss or
reduction of the uses and enjoyment of the security for this loan, or if at any
time the MORTGAGEE shall deem itself insecure, then the MORTGAGEE may declare a
default and the debt secured by this mortgage shall immediately become fully due
and payable and bear interest as provided for in the promissory note described
above and this mortgage shall become immediately subject to foreclosure. The
MORTGAGEE may, however, at its sole option and without notice, waive such
acceleration, but no waiver shall prevent the MORTGAGEE from again accelerating
the debt based on a later breach of the promises contained in this mortgage.

CHANGE OF OWNERSHIP.

         In the event of a change of ownership of the property securing this
loan, the MORTGAGEE may declare a default and the debt secured by this mortgage
shall become immediately due and payable and bear interest as provided for in
the promissory note described above and this mortgage shall become immediately
subject to foreclosure unless the MORTGAGEE has given its written consent before
such change, or unless the change was the direct result of the death of
MORTGAGOR. "Change of Ownership" means a voluntary or involuntary transfer of
title to the security, or any part of it or interest in it, and includes any
change in the entity structure, control, operation or ownership which would make
MORTGAGOR ineligible to borrow from the MORTGAGEE. Regardless of whether a
change of ownership appears as a matter of public record, the MORTGAGEE will
have 60 days from the date of receiving a written notice of change of ownership
to accelerate the debt and if the MORTGAGEE does not do so within this 60 days
its right to accelerate the debt shall expire.

RIGHT TO ENTER UNOCCUPIED PREMISES IN TIME OF EMERGENCY AND MAKE REPAIRS;
ADVANCES FOR REPAIR.

         If this mortgage is subject to foreclosure, and if the property
mortgaged herein reasonably appears unoccupied to the MORTGAGEE, and if the
MORTGAGEE determines that an emergency exists, the MORTGAGEE may go on the
property for the sole purpose of repairing, preserving or protecting its
security without becoming a mortgagee-in-possession. Any advances made for these
purposes shall become a part of the debt secured by this mortgage, and shall
become immediately due and payable in the same way as other advances are dealt
with, above. The MORTGAGEE shall be held harmless in, and incur no liability for
doing the things provided for in this paragraph, and shall be the sole judge of
the necessity or propriety of so doing.

CONDEMNATION OR CONVEYANCE IN LIEU OF CONDEMNATION.

         The proceeds of any award, compensation or claim for damages, direct or
consequential, in connection with any condemnation or other taking of the
property mortgaged herein, or any part of it, or for a conveyance in lieu of
condemnation, are hereby assigned and shall be paid to the MORTGAGEE. Any money
so received may, at the option of the MORTGAGEE, be applied, in part or in
total, on the debt secured by this mortgage, whether due or not, and any money
not so applied will be returned to MORTGAGOR.

FORECLOSURE: ENTITLEMENT TO ABSTRACTS, RECEIVERSHIP, RENTS AND PROFITS.

         In the event this mortgage is foreclosed, the MORTGAGEE shall be
entitled to all abstracts and other evidences of title, to have a receiver
appointed by the Court to take possession of the security to collect rents and
profits, and all amounts so collected shall be applied, under the direction of
the Court, to the expenses of the receivership, and to payment of any judgment
rendered or any amount secured by this mortgage.

<Page>

MORTGAGEE'S RIGHTS IN LOAN SERVICING.

         The MORTGAGEE shall have the right, at any time and without notice, to
release all or any part of the security, to grant extensions, deferrals,
renewals or reamortizations of all or any part of the debt secured by this
mortgage, and to release from personal liability any party now or hereafter
personally liable for repayment of the debt secured by this mortgage, all
without affecting the provisions or priority of this mortgage or the security
which remains or the personal liability of any party not specifically released
from personal liability.

WAIVER OF ELECTION, STAY, VALUATION AND HOMESTEAD, OF REDEMPTION RIGHTS WHERE
ALLOWED BY LAW, AND OF THE BENEFIT OF ALL APPRAISEMENT LAWS.

         MORTGAGOR, by signing this mortgage, waives notice of election to
declare the debt due, and also waives the benefit of all stay, valuation and
homestead laws. Where permitted by law, MORTGAGOR also waives all rights of
redemption as to any corporation or partnership which may succeed to MORTGAGOR'S
interest in the security, and, if MORTGAGOR is a corporation or partnership,
waives its own rights of redemption. MORTGAGOR also waives, where permitted by
law, the benefit of all appraisement laws at the option of the MORTGAGEE, which
option is to be exercised no later than at the time of judgment in
foreclosure.

THE PROMISES AND AGREEMENTS CONTAINED IN THIS MORTGAGE SHALL BE BINDING ON THE
HEIRS, EXECUTORS, ADMINISTRATORS, SUCCESSORS AND ASSIGNS OF ALL PARTIES TO THIS
MORTGAGE.

         WESTERN PLAINS ENERGY, LLC, A Kansas Limited Liability Company

By:      /s/ JEFF TORLUEMKE, CEO
   -------------------------------------------- --------------------------------
     JEFF TORLUEMKE, CHIEF EXECUTIVE OFFICER

By:      /s/ RICHARD L. STERRETT, CFO
   -------------------------------------------- --------------------------------
   RICHARD L. STERRETT, CHIEF FINANCIAL OFFICER

         /s/ JEFF TORLUEMKE
----------------------------------------------- --------------------------------
         JEFF TORLUEMKE

         /s/ RICHARD L. STERRETT
----------------------------------------------- --------------------------------
         RICHARD L. STERRETT

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

                                 ACKNOWLEDGMENT

STATE OF KANSAS                      )
                                     ) SS.
COUNTY OF GOVE                       )

         This instrument was acknowledged before me this 1ST day of MARCH, 2002,
by Jeff Torluemke, Chief Executive Officer of Western Plains Energy, LLC, A
Kansas Limited Liability Company, on behalf of the Company; Richard L. Sterrett,
Chief Financial Officer of Western Plains Energy, LLC, a Kansas Limited
Liability Company, on behalf of the Company.

                                  /S/ DENNIS MCNINCH
                            ----------------------------------------------------
                            DENNIS MCNINCH                     Notary Public

My commission (appointment) expires:        August 21st, 2005
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Exhibit 4.2    
  

AMENDED AND RESTATED

REGISTRATION, STOCKHOLDERS' AND JOINDER AGREEMENT  

        THIS AMENDED AND RESTATED REGISTRATION, STOCKHOLDERS' AND JOINDER AGREEMENT (this "Agreement"), dated as of
August 31, 2001, is by and among CollegisEduprise, Inc., a Delaware corporation (successor by merger to Technology Specialists, Inc., a Pennsylvania corporation, and f/k/a
COLLEGIS, Inc.) (the "Corporation"), the existing parties to the Original Registration Agreement (as defined below) signatories hereto
(collectively, the "Investors"), and the other stockholders of the Corporation identified on the signature pages hereto as "Former Eduprise Investors"
(collectively, the "Former Eduprise Investors") who, by execution of this Agreement, are consenting to be joined to and bound by the Original
Registration Agreement, as amended and restated hereby. 

RECITALS  

        A.    The
Corporation, together with certain other stockholders of the Corporation, are parties to that certain Registration Agreement dated April 11, 1996 (as
heretofore amended, restated, modified or otherwise supplemented, the "Original Registration Agreement"), pursuant to which they have been granted
certain registration rights with respect to securities of the Corporation. 

        B.    The
Investors, the owners of at least a majority of the Registrable Securities, desire to amend and restate the Original Registration Agreement in accordance with the
terms thereof. 

        C.
Pursuant to that certain Stock Purchase Agreement dated as of August 9, 2001 by and among the Corporation, Eduprise, Inc., a Delaware corporation
("Eduprise"), the Former Eduprise Investors and the other parties thereto (as in effect from time to time, the "Stock Purchase
Agreement"), the Former Eduprise Investors have agreed to exchange their shares of capital stock of Eduprise for shares of common stock, par value $.01 per share of the
Corporation, in accordance with the terms and conditions set forth therein. 

        D.
It is a condition to the closing of the transactions contemplated under the Stock Purchase Agreement that certain of the Former Eduprise Investors join as parties to the Original
Registration Agreement. 

        E.
The Former Eduprise Investors, by their execution of this Agreement, desire to evidence their consent to be joined to and bound by the terms of the Original Registration Agreement, as
amended and restated by this Agreement. 

        F.
Certain capitalized terms used herein without definition are used as defined in the Original Registration Agreement. 

AGREEMENTS  

        In consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 

        1.    Definitions.    In addition to the capitalized terms defined elsewhere in this Agreement, the following
capitalized terms shall have the following meanings when used in this Agreement: 

        "Board" means the Board of Directors of the Corporation. 

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        "Change of Control" means any (i) sale, transfer, issuance or redemption or series of sales, transfers, issuances or redemptions
(or any combination thereof) of shares of the Corporation's capital stock by the holders thereof or the Corporation which results in any person or entity or group of affiliated persons or entities
(other than the owners of the Corporation's capital stock (on a fully diluted basis)
immediately prior to any such transaction or series of transactions or their (x) spouses and/or descendants, any trust or similar entity all of the beneficiaries of which are, or a corporation,
partnership or limited liability company, all of the shareholders, partners or members of which are, the transferor or the transferor's spouse and (y) with respect to any transferor which is a
limited liability company, a corporation or a partnership, any Affiliate of such transferor, including in the case of a limited liability company, any member thereof) owning capital stock of the
Corporation possessing the voting power under ordinary circumstances (without regard to any agreements among holders of capital stock of the Corporation regarding the election of the Corporation's
Board of Directors) to elect a majority of the Corporation's Board of Directors or (ii) sale of all or substantially all of the assets of the Corporation. 

        "Chase Warrant Agreement means that certain Warrant Agreement dated as of April 11, 1996 between the Corporation and Chase
Manhattan Bank (as successor-by-merger to Chemical Bank), as amended or modified from time to time. 

        "Commission" means the Securities and Exchange Commission. 

        "Common Stock" shall mean common stock, par value $.01 per share, of the Corporation. 

        "Corporation" shall have the meaning ascribed to such term in the Recitals. 

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

        "Former Eduprise Investors" As defined in the Recitals hereto. 

        "Frontenac Entities" means both Frontenac Masters VII Limited Partnership and Frontenac VII Limited Partnership or either of them. 

        "Holders" means (i) the holders of Registrable Securities who are parties to this Agreement or (ii) successors or assigns or
subsequent holders contemplated by Section 16. 

        "Investors" As defined in the Recitals hereto. 

        "Investors' Shares" means, at any time, the following shares held by the Investors, the Former Eduprise Investors or, upon exercise of the
rights of the Warrant Holders under the applicable Warrant Agreement held by the relevant Warrant Holder (i) any shares of Common Stock then outstanding; (ii) any shares of Common Stock
then outstanding which were issued as, or were issued directly or indirectly upon the conversion or exercise of other securities issued as, a dividend or other distribution with respect to or in
replacement of Investors' Shares; and (iii) any shares of Common Stock then issuable directly or indirectly upon the conversion or exercise of other securities which were issued as a dividend
or other distribution with respect to or in replacement of Investors' Shares; provided, however, that Investors' Shares shall not include any shares of
Common Stock the sale of which has been registered pursuant to the Securities Act or sold to the public pursuant to Rule 144 promulgated by the Commission under the Securities Act or which may
then be sold pursuant to subsection (k) of said Rule 144. For purposes of this Agreement, a Person will be deemed to be a holder of Investors' Shares whenever such Person holds a
security exercisable for or convertible into such Investors' Shares, whether or not such exercise or conversion has actually been effected. 

        "IPO" means the Corporation's first underwritten public offering of shares of Common Stock pursuant to a registration statement filed with
the Commission. 

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        "Lock Up Period" has the meaning ascribed to such term in Section 5(b). 

        "Person" means a natural person, a partnership, a corporation, a limited liability company, an association, a joint stock company, a
trust, a joint venture, an unincorporated organization or other entity, or a governmental entity or any department, agency or political subdivision thereof. 

        "Piggyback Registration" has the meaning ascribed to such term in Section 4(a). 

        "Piper Warrant Agreement" means that certain Stock Purchase Warrant for the benefit of U.S. Bancorp Piper Jaffray Inc. dated
January 28, 2000, as amended or modified from time to time. 

        "Registrable Securities" means, collectively, the Investors' Shares, and, upon exercise of the rights of the Warrant Holders under the
applicable Warrant Agreements, the Warrant Shares. 

        "Registration" means a Piggyback Registration. 

        "Registration Expenses" has the meaning ascribed to such term in Section 7. 

        "Requested Demand Shares" has the meaning ascribed to such term in Section 3(c). 

        "Requested Piggyback Shares" has the meaning ascribed to such term in Section 4(b). 

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

        "Stock Purchase Agreement" has the meaning ascribed to such term in the Recitals hereto. 

        "Subsidiary" means any Person of which securities or other ownership interests representing more than fifty percent (50%) of the ordinary
voting power or equity of such Person (or such Person's general partners if such Person is a limited partnership) are, at the time as of which any determination is being made, owned or controlled by
the Corporation or one or more Subsidiaries of the Corporation or by the Corporation and one or more Subsidiaries of the Corporation. 

        "Warrant" or "Warrants" means those certain warrants issued pursuant to (i) the Chase Warrant Agreement and (ii) the Piper
Warrant Agreement. 

        "Warrant Agreements" means, collectively, the Chase Warrant Agreement and the Piper Warrant Agreement. 

        "Warrant Holders" means, collectively, the holders of the Warrants. 

        "Warrant Shares" means, at any time, the following shares held by the Warrant Holders: (i) any shares of Common Stock then
outstanding; (ii) any shares of Common Stock then outstanding which were issued as, or were issued directly or indirectly upon the conversion or exercise of other securities issued as, a
dividend or other distribution with respect to or in replacement of Warrant Shares; and (iii) any shares of Common Stock then issuable directly or indirectly upon the conversion or exercise of
other securities which were issued as a dividend or other distribution with respect to or in replacement of Warrant Shares; provided, however, that
Warrant Shares shall not include any shares of Common Stock the sale of which has been registered pursuant to the Securities Act or sold to the public pursuant to Rule 144 promulgated by the
Commission under the Securities Act or which may then be sold pursuant to subsection (k) of said Rule 144. For purposes of this Agreement, a Person will be deemed to be a Holder of
Warrant Shares whenever such Person holds a security exercisable or convertible into such Warrant Shares, whether or not such exercise or conversion has actually been effected. 

3

 

        2.    Board of Directors.    

        (a)  From
and after the date hereof until the earlier of (i) the closing of the IPO and (ii) a Change in Control, each Holder shall vote all of its Investors'
Shares and any other voting securities of the Corporation over which such Holder has voting control and agrees to take all action necessary including, without limitation, the execution of written
consents, the calling of special meetings, the removal of directors, the filling of vacancies on the Board, the waiving of notice and the attending of meetings, so as to cause the Board to all times
include as members the following persons: 

	(A)
	one
individual designated by the Frontenac Entities, so long as the Frontenac Entities and their Affiliates collectively own at least 80% of the Investors' Shares owned by the
Frontenac Entities and their Affiliates on the date hereof (subject to adjustment for stock splits and the like);

	(B)
	one
individual designated by Robert E. King, so long as Robert E. King and his Affiliates own at least 80% of the shares of stock of the Corporation owned by Robert E. King and his
Affiliates on the date hereof (subject to adjustment for stock splits and the like); and

	(C)
	one
individual designated by Kenneth G. Pigott, so long as Kenneth G. Pigott and his Affiliates shall continue to own at least 80% of the shares of stock of the Corporation owned by
Kenneth G. Pigott and his Affiliates on the date hereof (subject to adjustment for stock splits and the like). 

        (b)  So
long as it shall own no less that 700,000 shares of the Common Stock (subject to adjustment for stock splits and the like), J.P. Morgan Partners (23A SBIC), LLC
("J.P. Morgan") shall have the right (but not the obligation) to nominate a director of the Corporation, which director shall be a senior professional
of JP Morgan reasonably acceptable to the Board. Upon such nomination, the Holders shall take all necessary actions (i) to amend the by-laws of the Corporation, if necessary, to
accommodate an additional director, and (ii) to elect the nominee of JPMorgan. 

        (c)  The
removal from the Board (with or without cause) of any designated director shall be at the written request of the Holder designating such director, but only upon such
written request and under no other circumstances. 

        (d)  In
the event that any designated director ceases to serve as a member of the Board during his or her term of office, the resulting vacancy shall be filled by a
representative designated by the Holder designating such departing director. In the event of any other vacancy on the Board, such vacancy shall be filled by the existing members of the Board. 

        (e)  No
Holder shall take any action in a manner which is inconsistent with the provisions of this Section 2. 

        3.    Demand Registrations.    

        (a)  Requests for Registration. Subject to Section 3(b), at any time
commencing six (6) months after the effective date of the IPO, the Holder or Holders of 30% or more of the Investors' Shares (the "Threshold
Securities") may request registration under the Securities Act of all or part of such Investors' Shares (a "Demand
Registration"). Within ten days after receipt of any request pursuant to this Section 3(a), the Corporation shall give
written notice of such request to all other Holders of Investors' Shares and will, subject to Section 3(c), include in such registration all
Investors' Shares with respect to which the Corporation has received written requests for inclusion therein within 15 days after delivery of such notice. 

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        (b)  Limits on the Number of Demand Registrations. There may not be more than one (1) Demand Registration pursuant to
this Section 3. A registration will not count as a Demand Registration hereunder (i) until it has become effective and (ii) unless
the Holders of Investors' Shares requested to be included in such Demand Registration are able to register and sell at least 50% of the Investors' Shares requested to be included in such registration;  provided,
however, that in any event the Corporation will pay all Registration Expenses in connection with any registration initiated as a Demand
Registration requested hereunder. Notwithstanding the foregoing, a requested registration may be rescinded by written notice to the Corporation by the Holder or Holders of a majority of the Investors'
Shares proposed to be issued pursuant to such request not later than twenty (20) business days prior to the filing of a registration statement with the Commission. A requested registration
which is rescinded in accordance with the immediately preceding sentence shall not count as a registration statement initiated pursuant to this  Section 3 for purposes of paragraph (a) above.

        (c)    Priority on Demand Registrations.    In a Demand Registration, neither the Corporation nor any holder of
securities of the Corporation other than a Holder of Investors' Shares shall have registration rights that are senior or equal to the rights provided for in this  Section 3. If a Demand Registration
is an underwritten public offering and the underwriters managing such offering advise the Corporation in
writing that in their good faith opinion the inclusion of the aggregate number of Investors' Shares requested to be included in such registration (the "Requested Demand
Shares") would materially adversely affect the offering and sales (including pricing) of all such securities, the Corporation will only include in such registration the number
of Requested Demand Shares which in the opinion of
such managing underwriters can be sold in such registration without materially reducing the price of such shares in the offering, with the total of any reductions in the number of Requested Demand
Shares to be included to be allocated on a pro rata basis among the demanding Holder or Holders based upon the number of Requested Demand Shares the
Holder or Holders have requested to be included in such registration. 

        (d)    Restrictions on Registrations.    The Corporation may postpone for a reasonable period not to exceed
90 days the filing or the effectiveness of a registration statement for a Demand Registration if the Board reasonably determines in good faith that such filing would require a disclosure of a
material fact that would have a material adverse effect on the Corporation or any plan by the Corporation or any of its Subsidiaries to engage in any acquisition of assets (other than in the ordinary
course of business) or any merger, consolidation, tender offer or other significant transaction; provided, however, that the Corporation may not utilize
this right more than once in any twelve-month period. In addition to, but notwithstanding the foregoing, the Corporation shall not be required to effect a Demand Registration during the period
starting with the sixty (60) days prior to the Corporation's good faith estimate of the date of filing of, and ending on a date one-hundred-eighty (180) days following the
effective date of, a registration initiated by the Corporation subject to and in compliance with Section 4 below, provided the Corporation is
actively employing in good faith all commercially reasonable best efforts to cause such registration statement to become effective and, in any event, prior to any other securities requested to be sold
by any other stockholder of the Corporation. 

        4.    Piggyback Registrations.    

        (a)    Right to Piggyback.    Whenever securities of the Corporation are to be registered under the Securities Act
(other than pursuant to a registration statement on Form S-4 or Form S-8) and the registration form to be used may be used for the registration of Registrable
Securities (a "Piggyback Registration"), the Corporation will give prompt written notice to all Holders of Registrable Securities of its intention to
effect such a registration and, will include in such registration, subject to the provisions of Section 4(b), all Registrable Securities with
respect to 

5

 

which the Corporation has received written requests for inclusion therein from Holders thereof within 20 calendar days after the Corporation's notice has been given. 

        (b)    Priority on Piggyback Registrations.    If a Piggyback Registration is a primary underwritten registration on
behalf of the Corporation, and the managing underwriters advise the Corporation in writing that in their good faith opinion the aggregate number of securities requested to be included in such
registration pursuant to Section 4(a) (the "Requested Piggyback Shares") would materially
adversely affect the offering, the Corporation will include in such registration (i) first, any securities the Corporation proposes to sell,
(ii) second, the Requested Piggyback Shares, with any reductions in the number of Requested Piggyback Shares actually included in such
registration to be reduced pro rata among the Holders thereof on the basis of the number of Registrable Securities owned by such Holders. 

        (c)    Other Registrations.    If the Corporation has previously filed a registration statement which includes
Registrable Securities pursuant to this Section 4, and if such previous registration has not been withdrawn or abandoned, the Corporation will
not file or cause to be effected any other registration of any of its equity securities or securities convertible or exchangeable into or exercisable for its equity securities under the Securities Act
(except on Form S-4 or Form S-8), whether on its own behalf or at the request of any holder or holders of such securities, until a period of 90 days has
elapsed from the effective date of such previous registration. 

        5.    Holdback Agreements.    

        (a)  Each
of the Holders agrees not to effect any public sale (including any public sale under Rule 144 under the Securities Act) of equity securities of the
Corporation, or any securities convertible into or exchangeable or exercisable for such securities, during a Lock Up Period (as defined below) in connection with any underwritten public offering,
unless the underwriters managing the underwritten public offering otherwise agree. 

        (b)  The
Corporation agrees (i) to cause each holder which purchases from the Corporation at least 1% (on a fully-diluted basis) of its equity securities, or any
securities convertible into or exchangeable or exercisable for such securities, at any time after the date of this Agreement (other than in a registered public offering) to agree not to effect any
public sale (including any public sale under Rule 144 under the Securities Act) of any such securities during the Lock Up Period (except as part of such underwritten registration, if otherwise
permitted), unless the underwriters managing the underwritten public offering otherwise agree and (ii) if requested by the underwriters managing the underwritten public offering, to use its
reasonable best efforts to cause each other holder of its equity securities, or any securities convertible into or exchangeable or exercisable for such securities, purchased from the Corporation at
any time (other than in a underwritten public offering) to agree not to effect any public sale (including any public sale under Rule 144 under the Securities Act) of any such securities during
the Lock Up Period (except as part of such underwritten registration, if otherwise permitted), unless the underwriters managing the underwritten public offering otherwise agree. The  "Lock Up Period"
shall be for a customary period requested by such managing underwriters which shall not exceed 180 days from the effective date
of such Piggyback Registration. 

        (c)  Nothing
herein shall prevent a Holder that is (i) a limited liability company from making a distribution of Registrable Securities to its members, (ii) a
partnership from making a distribution of Registrable Securities to its partners, (iii) a trust from making a distribution of Registrable Securities to its beneficiaries or (iv) a
corporation from making a distribution of Registrable Securities to its shareholders; provided that the transferees of such Registrable Securities agree
in writing to be bound by the provisions of this Agreement to the extent the transferor would be so bound. 

6

 

        6.    Registration Procedures.    Subject to Section 4,
whenever the Holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to the terms of this Agreement, the Corporation will use commercially reasonable
best efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto the Corporation will as
expeditiously as possible: 

        (a)  prepare
and file with the Commission a registration statement on the appropriate form (which in the case of a registration statement on any form other than
Form S-1, including Form S-2 and Form S-3, shall be filed within 60 days after receipt of the requisite request for registration) with
respect to such Registrable Securities and use its best efforts to cause such registration statement to become effective as soon as practicable after such filing and to remain effective for the period
of distribution contemplated thereby not to exceed a period of 120 days or such longer period as the Corporation may agree upon; 

        (b)  prepare
and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary
to keep such registration statement effective for the period specified in clause (a) and to comply with the provisions of the Securities Act with respect to the disposition of all securities
covered by such registration statement until such time as the Registrable Securities registered thereunder have been disposed of in accordance with the intended methods of disposition by the sellers
thereof set forth in such registration statement not to exceed a period of 120 days; 

        (c)  furnish
to each seller of such Registrable Securities and the underwriters of the securities being registered such number of copies of the prospectus included in such
registration statement (including each preliminary prospectus) and such other documents as such seller or underwriters may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by such seller or the sale of such securities by such underwriters; 

        (d)  use
its best efforts to register or qualify such Registrable Securities under such other securities laws of such jurisdictions as any seller reasonably requests and do
any and all other acts and things which may be necessary or desirable to enable such seller to consummate the public sale or other disposition in such jurisdictions of the Registrable Securities owned
by such seller; provided, however, that the Corporation will not be required to (i) qualify generally to do business as a foreign corporation in
any jurisdiction where it would not otherwise be required to qualify but for this subparagraph or (ii) consent to general service of process in any such jurisdiction; 

        (e)  cause
all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Corporation are then listed; 

        (f)    provide
a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement; 

        (g)  enter
into such customary agreements (including underwriting agreements containing customary provisions including, without limitation, representations and warranties and
delivery of an opinion of counsel) and take all such other actions as the Holder or Holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in
order to expedite or facilitate the disposition of such Registrable Securities (including, but not limited to, effecting a stock split or a combination of shares); 

        (h)  make
available for inspection by each seller of such Registrable Securities, any underwriter participating in any disposition pursuant to such registration statement,
and any attorney, accountant or other agent designated by any such seller or underwriter, all financial and other records, pertinent corporate documents and properties of the Corporation, and cause
the Corporation's officers, directors, employees and independent accountants to supply all information 

7

 

reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; 

        (i)    notify
each seller of such Registrable Securities, promptly after it shall receive notice thereof, of the time when such registration statement has become effective or a
supplement to any prospectus forming a part of such registration statement has been filed; 

        (j)    notify
each seller of such Registrable Securities of any request by the Commission for the amending or supplementing of such registration statement or prospectus or for
additional information; 

        (k)  prepare
and file with the Commission, promptly upon the request of any seller of such Registrable Securities, any amendments or supplements to such registration
statement or prospectus which, in the opinion of counsel selected by the Holders of a majority of the Registrable Securities, is required under the Securities Act or the rules and regulations
thereunder in connection with the distribution of Registrable Securities by such seller; 

        (l)    prepare
and promptly file with the Commission and promptly notify each seller of such Registrable Securities of the filing of such amendment or supplement to such
registration statement or prospectus as may be necessary to correct any statements or omissions if, at the time when a prospectus relating to such securities is required to be delivered under the
Securities Act, any event shall have occurred as the result of which, or upon the Corporation becoming otherwise aware that, any such prospectus or any other prospectus as then in effect includes an
untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances then existing not misleading and, at the request of
any seller of Registrable Securities, prepare and furnish to such seller a reasonable number of copies of the amended or supplemental prospectus as may be necessary so that, as thereafter delivered to
investors of such securities under the registration statement, such prospectus shall not include an untrue statement of a material fact or a misstatement
of a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 

        (m)  advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the
Commission suspending the effectiveness of such registration statement or the initiation or threatening of any proceeding for such purpose and promptly use all commercially reasonable best efforts to
prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued; 

        (n)  at
the request of any underwriter of such Registrable Securities in connection with an underwritten public offering, furnish on the date or dates provided for in the
underwriting agreement: (i) an opinion of counsel, addressed to the underwriters, in form and substance satisfactory to such underwriters, and (ii) a letter or letters from the
independent certified public accountants of the Corporation, addressed to the underwriters in form and substance satisfactory to such underwriters, in which letters such accountants shall state,
without limiting the generality of the foregoing, that they are independent certified public accountants within the meaning of the Securities Act and that in the opinion of such accountants the
financial statements and other financial data of the Corporation included in the registration statement, the prospectus, or any amendment or supplement thereto comply in all material respects with the
applicable accounting requirements of the Securities Act; 

        (o)  cooperate
and assist in any filings required to be made with the National Association of Securities Dealers, Inc. (the  "NASD") and in the performance of any due diligence investigation of the seller of such
Registrable Securities (including any "qualified independent
underwriter" that is required to be retained in accordance with the rules and regulations of the NASD); and 

8

  

        (p)  otherwise
use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and make available to its security holders,
as soon as reasonably practicable, but not later than 18 months after the effective date of the registration statement, an earnings statement covering the period of at least twelve months,
beginning with the first fiscal quarter beginning after the effective date of the registration statement, which earnings statement shall satisfy the provision of Section 11(a) of the Securities
Act and Rule 158 thereunder. 

        7.    Registration Expenses.    All expenses incident to the Corporation's performance of or compliance with this
Agreement, including, but not limited to, all registration and filing fees, fees and expenses of compliance with federal, state and foreign securities laws, printing expenses, messenger and delivery
expenses, fees and disbursements of counsel for the Corporation and its independent certified public accountants, underwriters (excluding discounts and commissions attributable to the Registrable
Securities included in such registration) and other Persons retained by the Corporation and reasonable fees and disbursements of one (1) counsel for the sellers of such Registrable Securities
(all such expenses being herein called "Registration Expenses"), will be borne by the Corporation. In addition, the Corporation will pay its internal
expenses (including, but not limited to, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the
expense of any liability insurance obtained by the Corporation, reasonable fees and expenses (including reasonable counsel fees and expenses) incurred in connection with complying with state
securities or "Blue Sky" laws and the expenses and fees for listing the securities to be registered on each securities exchange. 

        8.    Indemnification.    

        (a)  The
Corporation agrees to indemnify, to the fullest extent permitted by law, each seller of Registrable Securities, its officers and directors, any underwriter (as
defined in the Securities Act) and each Person who controls such seller or underwriter (within the meaning of the Securities Act or the Exchange Act) against all losses, claims, damages, liabilities
and expenses (including, but not limited to, attorneys' fees except as limited by Section 8(c)) caused by (i) any untrue or alleged untrue
statement of a material fact contained in any registration statement, any prospectus or preliminary prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as the same are made in reliance upon and in conformity with specific information
furnished in writing to the Corporation by such seller expressly for use therein or (ii) any violation or alleged violation of applicable federal or state securities or "Blue Sky" laws or any
rule or regulation promulgated thereunder in connection with the lawful sale of Registrable Securities. The reimbursements required by this  Section 8(a) will be made by periodic payments during the
course of the investigation or defense, as and when bills are received or expenses
incurred. 

        (b)  In
connection with any registration statement in which a seller of Registrable Securities is participating, each such seller will furnish to the Corporation in writing
such specific information relating solely to such seller as the Corporation reasonably requests specifically for use in such registration statement or prospectus and, to the fullest extent permitted
by law, will indemnify the Corporation, its directors and officers, each underwriter (if any) and each Person who controls the Corporation or such underwriter (within the meaning of the Securities Act
or the Exchange Act) against any losses, claims, damages, liabilities and expenses (including, but not limited to, attorneys' fees except as limited by  Section 8(c)) resulting from any untrue
statement of a material fact contained in the registration statement, prospectus or preliminary
prospectus or any amendment thereof or supplement thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the
extent that such untrue statement or omission is made in reliance upon and in conformity with specific written 

9

 

information provided by such seller expressly for use therein; provided that the obligation to indemnify will be several, not joint and several, among
such sellers of Registrable Securities, and the liability of each such seller of Registrable Securities will be limited to the proportion that (A) the net proceeds received by such seller from
the sale of Registrable Securities pursuant to such registration statement bears to (B) the total net proceeds received by all sellers of Registrable Securities pursuant to such registration
statement, but in any event limited to the net proceeds received by such seller from the sale of Registrable Securities pursuant to such registration statement. Each seller of Registrable Securities
shall not be liable for amounts paid in settlement of any loss, claim, damage, liability or action if such settlement is effected without the consent of such seller, which consent shall not be
unreasonably withheld. 

        (c)  Any
Person entitled to indemnification hereunder will (i) use reasonable best efforts to give prompt written notice to the indemnifying party of any claim with
respect to which it seeks indemnification and (ii) unless in such indemnified party's reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with
respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, however, that an indemnified party
(together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel (in addition to local counsel) with the fees
and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would, in the reasonable opinion of the indemnified
party, be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure of any Person
entitled to indemnification hereunder to give such notice to the indemnifying party shall not constitute a waiver of, or a defense of the indemnifying party to, such Person's right to indemnification
hereunder unless such failure has a material adverse effect upon the indemnifying party's ability to defend said action. If such defense is assumed, the indemnifying party will not be subject to any
liability for any settlement made by the indemnified party without its consent (which consent will not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the
reasonable judgment of any indemnified party representation by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between any
indemnified party and any other party represented by such counsel in such proceeding. 

        (d)  If
the indemnification provided for in this Agreement is for any reason held by a court of competent jurisdiction to be unavailable to an indemnified party in respect of
any claims referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall contribute to the amount paid or payable by such indemnified party as a
result of such claims (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party and the indemnified party, 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 indemnifying party and the indemnified party in connection with the action or inaction which resulted in such claims, as well as any other relevant equitable considerations.
In connection with any registration of the Corporation's securities, the relative benefits received by the indemnifying party and the indemnified party shall be deemed to be in the same respective
proportions that the net proceeds from the offering (before deducting expenses) received by the indemnifying party and the indemnified party, in each case as set forth in the table on the cover page
of the applicable prospectus, bear to the aggregate public offering price of the securities so offered. The relative fault of the indemnifying party and the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the 

10

 

omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or the indemnified party and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. 

        (e)  The
indemnification provided for under this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party
or any officer, director or controlling Person of such indemnified party and will survive the transfer of securities. The Corporation also agrees to make such provisions as are reasonably requested by
any indemnified party for contribution to such party in the event the Corporation's indemnification is unavailable for any reason. 

        9.    Compliance with Rule 144 and Rule 144A.    Subject to  Section 4, at any time and from time to time after
(a) the Corporation registers a class of securities under Section 12 of the
Exchange Act, or (b) the expiration of 90 days following the close of business on the earlier of such date as the Corporation commences to file reports under Section 13 or
Section 15(d) of the Exchange Act, then at the request of any Holder who proposes to sell securities in compliance with Rule 144 promulgated by the Commission, the Corporation will
(i) forthwith furnish to such holder a written statement of compliance with the filing requirements of the Commission as set forth in Rule 144 as such rule may be amended from time to
time and (ii) make available to the public and such Holders such information as will enable such Holders to make sales pursuant to Rule 144. Unless the Corporation is subject to
Section 13 or Section 15(d) of the Exchange Act, the Corporation will provide to any Holder of Registrable Securities and to any prospective purchaser of Registrable Securities under
Rule 144A promulgated by the Commission, the information described in Rule 144A(d)(4) promulgated by the Commission. 

        10.    Current Public Information.    At all times after the Corporation has filed a registration statement with the
Commission pursuant to the requirements of either the Securities Act or the Exchange Act, the Corporation will file in a timely manner all reports and other documents required to be filed by it under
the Securities Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder and will take such further action as any holder or holders of Investors' Shares
may reasonably request, all to the extent required to enable such holders to sell Investors' Shares pursuant to a registration statement on Form S-2 or S-3 or any
similar registration form hereafter adopted by the Commission. Upon request, the Corporation shall deliver to any holder of Investor Shares a written statement as to whether it has complied with such
requirements. 

        11.    Underwritten Registrations.    No Person may participate in any registration hereunder which is underwritten
unless such Person (a) agrees to sell such Person's securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such
arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting
arrangements. 

        12.    No Inconsistent Agreements.    The Corporation will not hereafter enter into any agreement with respect to its
securities which is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement. 

        13.    Adjustments Affecting Registrable Securities.    The Corporation will not take any action, or permit any change
to occur, with respect to its securities which would adversely affect the ability of the Holders to include such Registrable Securities in a registration undertaken pursuant to this Agreement or which
would adversely affect the marketability of such Registrable Securities in any such registration (including, but not limited to, effecting a stock split or a combination of shares) but will at all
times in good faith assist in carrying out all of the provisions of this Agreement and in the taking of all such action as may be necessary or appropriate in order to protect the registration rights
pursuant to this Agreement of the Holders against impairment. 

11

 

        14.    Remedies.    Any Person having rights under any provision of this Agreement will be entitled to enforce such
rights specifically, to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. 

        15.    Amendments and Waivers.    Except as otherwise expressly provided herein, the provisions of this Agreement may
be amended or waived at any time only by the written agreement of the Corporation and the Holders of at least a majority of the Registrable Securities. Any waiver, permit, consent or approval of any
kind or character on the part of any such Holders of any provision or condition of this Agreement must be made in writing and shall be effective only to the extent specifically set forth in writing.
Any amendment or waiver effected in accordance with this paragraph shall be binding upon each Holder of Registrable Securities and the Corporation. Each Holder acknowledges that by operation of this
paragraph the Holders of at least a majority of the Registrable Securities, acting in conjunction with the Corporation, will have the right and power to diminish or eliminate all rights pursuant to
this Agreement. 

        16.    Successors and Assigns.    Except as otherwise expressly provided herein, all covenants and agreements
contained in this Agreement by or on behalf of any of the parties hereto will bind and inure to the benefit of the respective successors and assigns of the parties hereto, whether so expressed or not.
In addition and whether or not any express assignment has been made, the provisions of this Agreement which are for the benefit of purchasers or holders of Registrable Securities are also for the
benefit of, and enforceable by, any subsequent holder of Registrable Securities who consents in writing to be bound by this Agreement. 

        17.    Final Agreement.    This Agreement constitutes the final agreement of the parties concerning the matters
referred to herein, and supersedes all prior agreements and understandings. 

        18.    Severability.    Whenever possible, each provision of this Agreement will be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent
of such prohibition or invalidity, without invalidating the remainder of this Agreement. 

        19.    Descriptive Headings.    The descriptive headings of this Agreement are inserted for convenience of reference
only and do not constitute a part of and shall not be utilized in interpreting this Agreement. 

        20.    Notices.    Any notices required or permitted to be sent hereunder shall be delivered personally, sent by
United States mail, certified mail, return receipt requested, with postage prepaid, or delivered by reputable overnight courier service, with all charges prepaid, to the following addresses, or such
other addresses as shall be given by notice delivered hereunder, and shall be deemed to have been given upon delivery, if delivered personally, three business days after mailing, if mailed as provided
above, or one business day after delivery to the courier, if delivered by overnight courier service as provided above: 

If
to the Holders, to the addresses set forth in the stock record books of the Corporation. 

If
to the Corporation, to: 

CollegisEduprise, Inc.

2300 Maitland Center Parkway

Suite 340

Maitland, Florida 32751

Attention: Chief Financial Officer 

12

 

With
a copy to: 

Winston &
Strawn

35 West Wacker Drive

Chicago, Illinois 60601

Attention: Stanford J. Goldblatt 

        21.    Governing Law.    The validity, meaning and effect of this Agreement shall be determined in accordance with the
laws of the State of Delaware without regard to the conflict of laws provisions thereof. 

        22.    Counterparts.    This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed an original, and such counterparts together shall constitute one instrument. Each party shall receive a duplicate original of the counterpart copy or copies executed by
it and the Corporation. Transmission by facsimile of an executed counterpart of this Agreement shall constitute due and sufficient delivery of this Agreement. 

        23.    Joinder.    Each of the Former Eduprise Investors signatory hereto, by their execution of this Agreement and
without any further action on the part thereof, hereby consent to be bound by the terms of the Original Registration Agreement, as amended and restated hereby. 

        24.    Amendment and Restatement.    This Agreement amends and restates in its entirety the Original Registration
Agreement and, upon the effectiveness of this Agreement, the terms and provisions of the Original Registration Agreement shall be superseded hereby. In furtherance of and without limiting the
foregoing, from and after the date hereof, the terms, conditions and covenants governing the Original Registration Agreement shall be solely as set forth in this Agreement. 

        25.    SBIC Matters.    

        (a)  Each
Holder agrees to cooperate with the Corporation in all reasonable respects in complying with the terms and provisions of that certain letter agreement between the
Corporation and J.P. Morgan dated the date hereof, a copy of which is attached hereto as Exhibit A, regarding regulatory matters (the
"Regulatory Sideletter"), including without limitation, voting to approve amending the Corporation's
Amended and Restated Certificate of Incorporation, the Corporation's by-laws or this Agreement in a manner reasonably acceptable to the Holders and J.P. Morgan or any Affiliate of J.P.
Morgan entitled to make such request pursuant to the Regulatory Sideletter in order to cure a Regulatory Problem (as defined in the Regulatory Sideletter). Anything contained in this Section 25
to the contrary notwithstanding, no Holder shall be required or have any obligation under this Section 25 to take any action that would adversely affect in any material respect such Holder's
rights or benefits under this Agreement or as a stockholder of the Corporation. 

        (b)  The
Corporation and each Stockholder agree not to amend or waive the voting or other provisions of the Corporation's Amended and Restated Certificate of Incorporation,
the Corporation's by-laws or this Agreement if such amendment or waiver would cause J.P. Morgan or any Affiliates to have a Regulatory Problem (as defined in the Regulatory Sideletter).
J.P. Morgan agrees to notify the Corporation as to whether or not it would have a Regulatory Problem promptly after J.P. Morgan has notice of such proposed amendment or waiver. 

[signature
page follows] 

13

        This Amended and Restated Registration, Stockholders' and Joinder Agreement has been executed by the undersigned as of the date first set forth above. 

	Corporation:	 	COLLEGISEDUPRISE, INC.
	

 	
 	

By:	
 	

	 	 	Its:	 	

	
Investors:	
 	

TSI INVESTMENT COMPANY I, L.L.C.
	

 	
 	

By:	
 	

	 	 	Its:	 	

	

 	
 	

TSI INVESTMENT COMPANY II, L.L.C.
	

 	
 	

By:	
 	

	 	 	Its:	 	

	

 	
 	

CHASE MANHATTAN BANK

(as successor-by-merger to Chemical Bank)
	

 	
 	

By:	
 	

	 	 	Its:	 	

	
Former Eduprise Investors:	
 	

ARENA CAPITAL INVESTMENT FUND
	

 	
 	

By:	
 	

Arena Equity Partners, LLC
	
	 	Its:	 	General Partner
	JOHN A. CANNING	 	 	 	 
	

 	
 	

By:	
 	

	
	 	Its:	 	

	ROBERT E. KING	 	 	 	 
	

	
 	

FRONTENAC MASTERS VII LIMITED
	KENNETH G. PIGOTT	 	    PARTNERSHIP
	

	
 	

By:	
 	

Frontenac Company VII L.L.C.
	MARK MAROSTICA	 	Its:	 	General Partner
	

	
 	

By:	
 	

	JOHN JACOBS	 	Its:	 	

	

	
 	

FRONTENAC VII LIMITED PARTNERSHIP
	ROBERT PETERSON	 	 	 	 
	

	
 	

By:	
 	

Frontenac Company VII L.L.C.
	PETER BENNETT	 	Its:	 	General Partner
	

	
 	

By:	
 	

	ROBERT BRUCE KIERNAT	 	Its:	 	

	

	
 	

U.S. BANCORP PIPER JAFFRAY INC.
	FARIS CHESLEY	 	 	 	 
	

 	
 	

By:	
 	

	 	 	Its:	 	

	

 	
 	

J.P. MORGAN PARTNERS (23A SBIC), LLC
	

 	
 	

By:	
 	

J.P. Morgan Partners (23A SBIC Manager), Inc.
	 	 	Its:	 	Managing Member
	

 	
 	

By:	
 	

	 	 	Its:	 	

	

 	
 	

LEARNING TREE INTERNATIONAL, INC.
	

 	
 	

By:	
 	

	 	 	Its:	 	

	

 	
 	

EDU, L.L.C.
	

 	
 	

By:	
 	

	 	 	Its:	 	

QuickLinks

Exhibit 4.2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]