Document:

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                                                                    EXHIBIT 10.1

                  AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT

                                      among

                             MSX INTERNATIONAL, INC.

                                       and

                                ITS STOCKHOLDERS

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                                TABLE OF CONTENTS

                                                                            PAGE

ARTICLE 1      CERTAIN DEFINITIONS.............................................1

     1.1    Defined Terms......................................................1

ARTICLE 2      RESTRICTIONS ON TRANSFERS......................................13

     2.1    Restrictions Generally; Securities Act............................13

     2.2    Legend............................................................14

     2.3    Limitations on Repurchases, Dividends, Etc........................14

     2.4    Transfer Restrictions.............................................15

     2.5    Right of First Refusal............................................16

     2.6    Involuntary Transfers.............................................18

     2.7    Drag-Along Rights.................................................20

     2.8    Institutional Stockholders Accounting Determination...............22

     2.9    Institutional Stockholders Regulatory Problem.....................23

ARTICLE 3      RIGHTS OF INCLUSION............................................23

     3.1    Rights of Inclusion...............................................23

     3.2    Article III Sales.................................................24

ARTICLE 4      REPURCHASE OF SECURITIES.......................................25

     4.1    Sale Event........................................................25

     4.2    Purchase Price....................................................27

     4.3    Closing...........................................................28

     4.4    Postponement......................................................28

ARTICLE 5      CORPORATE GOVERNANCE...........................................29

     5.1    Board of Directors................................................29

     5.2    Removal...........................................................30

     5.3    Vacancies.........................................................31

     5.4    Special Approval Rights...........................................31

     5.5    Committees of the Board; Subsidiary Boards........................31

     5.6    Observer's Rights.................................................31

     5.7    Action by Written Consent of Stockholders.........................32

     5.8    Designation of Proxy..............................................32

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                                TABLE OF CONTENTS

                                  (CONTINUED)

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     5.9    Designation of Proxy in Favor of Court Square.....................32

ARTICLE 6      CERTAIN COVENANTS OF THE PARTIES...............................33

     6.1    Registration......................................................33

     6.2    Management Stockholders; Additional Stockholders..................33

     6.3    Stockholder List; Certain Notices.................................34

     6.4    Regulatory Compliance or Accounting Determination Cooperation.....34

     6.5    Purchaser Representatives.........................................35

     6.6    Confidentiality...................................................35

     6.7    Financial Reporting Covenants.....................................36

ARTICLE 7      MISCELLANEOUS..................................................36

     7.1    Governing Law.....................................................36

     7.2    Entire Agreement; Amendments......................................36

     7.3    Term..............................................................36

     7.4    Certain Actions...................................................37

     7.5    Inspection........................................................37

     7.6    Compliance with Regulations.......................................37

     7.7    Waiver............................................................37

     7.8    Successors and Assigns............................................37

     7.9    Remedies..........................................................38

     7.10   Income Tax Withholding; Taxes.....................................38

     7.11   Invalid Provisions................................................39

     7.12   Headings..........................................................39

     7.13   Further Assurances; Subsidiaries..................................39

     7.14   Gender............................................................39

     7.15   Counterparts......................................................39

     7.16   Payment...........................................................39

     7.17   Notices...........................................................40

     7.18   Service of Process................................................41

     7.19   Waiver of Jury Trial..............................................41

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                                TABLE OF CONTENTS

                                  (CONTINUED)

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     7.20   Waiver of Fiduciary Duties; Corporate Opportunity.................42

     7.21   Vesting of Certain Management Stock...............................43

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                  THIS AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT (this
"Agreement") effective as of November 28, 2000 by and among MSX INTERNATIONAL,
INC., a Delaware corporation (the "Company"), Court Square Capital Limited, a
Delaware corporation ("Court Square"), each of the individuals or entities whose
name appears on the signature pages hereto under the heading "Management Group"
(individually, a "Management Group Member" and, collectively, the "Management
Group"), each of the individuals or entities whose name appears on the signature
pages hereto under the heading "CVC Group" (individually, a "CVC Stockholder"
and, collectively, the "CVC Stockholders") and each of the other individuals
whose name appears on the signature pages hereto. Capitalized terms are used as
defined in Article I hereto.

                                    RECITALS

                  WHEREAS, certain of the Stockholders, certain former
stockholders of the Company and the Company entered into a Stockholders'
Agreement, dated as of January 3, 1997, as amended (the "Original Agreement") to
regulate certain aspects of their relationship and to provide for, among other
things, restrictions on the transfer or other disposition of securities of the
Company and matters relating to the corporate governance of the Company and its
Subsidiaries; and

                  WHEREAS, in connection with the transfer of shares of Common
Stock and Series A Preferred by MascoTech, Inc., a Delaware corporation, to
Court Square pursuant to a Stock Purchase Agreement, dated as of August 1, 2000,
by and between CVC and MascoTech, as amended, and the transfer of shares of
Common Stock and Series A Preferred by CVC to Court Square pursuant to a Stock
Purchase Agreement, dated as of November 28, 2000, by and between CVC and Court
Square, the Stockholders and the Company desire to amend and restate the
Original Agreement, all in accordance with Section 7.2 of the Original
Agreement.

                  NOW, THEREFORE, the parties hereto hereby agree as follows:

                                   ARTICLE 1

                               CERTAIN DEFINITIONS

         1.1      DEFINED TERMS.

                  (a) The following defined terms, when used in this Agreement,
have the respective meanings set forth below (such definitions to be equally
applicable to both singular and plural forms of the terms defined):

                  "Additional Management Stockholder" means an Additional
Stockholder who is an employee, officer or director of the Company or any of its
Subsidiaries.

                  "Additional Stockholder" means any Person (other than any
Institutional Stockholder or Management Stockholder), to whom the Company issues
Restricted Securities or Restricted Preferred Securities (or to whom Restricted
Securities or

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Restricted Preferred Securities have been transferred in such transferee's
capacity as a Company Designee under Section 4.1) after the Original Closing
Date other than pursuant to a public offering registered under the Securities
Act, in each case who has executed a Joinder Agreement as an Additional
Stockholder pursuant to Section 6.2, and its direct and indirect Permitted
Transferees, so long as any such Person shall hold Restricted Securities or
Restricted Preferred Securities.

                  "Affiliate" means, with respect to any Person, any other
Person that controls, is controlled by or is under common control with such
Person. For the purposes of this definition, "control" (including, with its
correlative meanings, the terms "controlling", "controlled by" and "under common
control with"), as applied to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and
policies of such Person, whether through the ownership of securities, by
contract or otherwise. For purposes of this Agreement, employees, officers and
directors of Court Square and its Affiliates shall be "Affiliates" of Court
Square.

                  "Associate" means, with respect to any Person, (i) any trust
or other estate in which such Person has a substantial beneficial interest or as
to which such Person serves as trustee or in a similar fiduciary capacity and
(ii) any relative or spouse of such Person, or any relative of such spouse, who
has the same home as such Person.

                  "Board" means the Board of Directors of the Company.

                  "Cause" means, with respect to a Management Stockholder or an
Additional Management Stockholder, (i) a material breach by such Management
Stockholder or Additional Management Stockholder of this Agreement or any
employment, non-compete or confidentiality agreement with the Company or any of
its Subsidiaries to which such person is a party (including without limitation
any Management Subscription Agreement) or (ii) the commission by such person of
a felony, a crime involving moral turpitude or any other willful act causing
material harm to the business, financial condition, standing or reputation of
the Company or any of its Subsidiaries.

                  "Certificate of Incorporation" means the Restated Certificate
of Incorporation of the Company, as amended and restated as of the date hereof
and as the same thereafter may be amended or restated from time to time.

                  "Citicorp" means Citicorp, a Delaware corporation, and any
successor in interest thereto (whether by merger, consolidation, sale of assets
or otherwise).

                  "Class A Common" means the Company's Class A Common Stock, par
value $.01 per share, consisting of five series of Class A Common Stock, the
Series A-1 Common Stock, the Series A-2 Common Stock, the Series A-3 Common
Stock, the Series A-4 Common Stock and, the Series I Common Stock, and any
securities into which such Class A Common shall have been changed or any
securities resulting from any reclassification or recapitalization of such Class
A Common.

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                  "Class B Common" means the Company's Class B Common Stock, par
value $.01 per share, consisting of five series of Class B Common Stock, the
Series B-1 Common Stock, the Series B-2 Common Stock, the Series B-3 Common
Stock, the Series B-4 and the Series II Common Stock, and any securities into
which such Class B Common shall have been changed or any securities resulting
from any reclassification or recapitalization of such Class B Common.

                  "Commission" means the Securities and Exchange Commission and
any other similar or successor agency of the federal government administering
the Securities Act or the Exchange Act.

                  "Common Stock" means the Class A Common, the Class B Common,
any securities into which such Class A Common or Class B Common shall have been
changed, and all other securities of any class or classes (however designated)
of the Company, the holders of which have the right, without limitation as to
amount, after payment on any securities entitled to a preference on dividends or
other distributions upon any dissolution, liquidation or winding-up, either to
all or to a share of the balance of payments upon such dissolution, liquidation
or winding-up.

                  "CVC" means Citicorp Venture Capital, Ltd., a New York
corporation.

                  "Date of Issuance" means, with respect to each share of Common
Stock or Series A Preferred or any Equity Equivalent, the date on which the
Company initially issues each such share of Common Stock or Series A Preferred
or grants such Equity Equivalent, as the case may be, and, in the case of
shares, regardless of the number of times the transfer of such share is made on
the stock records of the Company and regardless of the number of certificates
which may be issued to evidence such share and, in the case of Equity
Equivalents, regardless of the number of times such Equity Equivalent is
transferred.

                  "Debentures" means the Company's Junior Subordinated
Debentures issued or issuable in exchange for shares of the Restricted Preferred
Securities or in payment of interest on any such Junior Subordinated Debentures
(including Junior Subordinated Debentures so issued in payment of interest).

                  "Equity Equivalents" means any option, warrant or other
security exercisable, convertible or exchangeable for or into Common Stock.

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

                  "Fair Market Value" means (i) with respect to each share of
Series A Preferred as of a particular date, the fair market value thereof, as
determined in good faith by the Board of Directors acting by Institutional
Affirmative Board Vote (subject to the same qualification applicable to a
Significant Transaction under Section 5.4), and (ii) with respect to each share
of Common Stock as of a particular date, the average of the closing prices of
such Common Stock (A) on the New York Stock Exchange, Inc. on each of the thirty
(30) trading days next preceding such date or, (B) if such Common

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Stock is not then listed or admitted to trading on such exchange, on the
principal national securities exchange on which such Common Stock is listed or
admitted to trading, or (C) if such Common Stock is not then listed or admitted
to trading on any national securities exchange, on the Nasdaq National Market,
or (D) if such Common Stock is not then listed or admitted to trading on a
national securities exchange or quoted on the Nasdaq National Market, the
average of the closing bid and asked prices in the over-the-counter market as
furnished by any New York Stock Exchange member firm selected by the Board of
Directors or (E) if no such prices are available, the fair market value per
share as determined in good faith by the Board of Directors acting by
Institutional Affirmative Board Vote (subject to the same qualification
applicable to a Significant Transaction under Section 5.4).

                  "Fully-Diluted Basis" means, with respect to the calculation
of the number of shares of Common Stock, (i) all shares of Common Stock
outstanding at the time of determination and (ii) all shares of Common Stock
issuable upon the exercise, conversion or exchange of Equity Equivalents
outstanding at the time of determination; provided, however, that with respect
to any options, shares of Common Stock underlying stock options shall only be
included in the determination of Diluted Basis to the extent such options are
vested.

                  "Funded Debt" means, without duplication, with respect to any
Person (i) all indebtedness for borrowed money or for the deferred purchase
price of property, (ii) the face amount of all letters of credit, banker's
acceptances and other credit facilities issued for the account of such Person
and, without duplication, all drafts drawn thereunder, (iii) all indebtedness
secured by any Lien on any property owned by such Person, to the extent
attributable to such Person's interest in such property, even though such Person
has not assumed or become liable for the payment thereof, (iv) lease obligations
of such Person which, in accordance with generally accepted United States
accounting principles, consistently applied ("GAAP"), should be capitalized, (v)
obligations with respect to any conditional sale agreement or title retention
agreement and (vi) guarantees by such Person of the Funded Debt of another
Person; but excluding in each case trade and other accounts payable in the
ordinary course of business.

                  "Institutional Affirmative Board Vote" means the affirmative
vote of the number of directors as required by the Delaware Act which shall
include, unless the Institutional Stockholders have elected in writing not (or
are no longer entitled) to designate the Institutional Directors, at least one
director who is an officer or director of Court Square.

                  "Institutional Stockholders" means the CVC Stockholders, Court
Square and each of their respective direct and indirect Permitted Transferees,
so long as any such Person shall hold Restricted Securities or Restricted
Preferred Securities.

                  "Institutional Stockholder Subscription Agreement" means the
Institutional Stockholder Subscription Agreement dated as of January 3, 1997
between the Company and CVC.

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                  "Involuntary Transfer" means, with respect to Restricted
Securities or Restricted Preferred Securities of any Management Stockholder or
Additional Stockholder, any involuntary Transfer or Transfer by operation of law
of such Restricted Securities or Restricted Preferred Securities (other than to
a Permitted Transferee of such Stockholder) by or in which such Stockholder
shall be deprived or divested of any right, title or interest in or to such
Restricted Securities or Restricted Preferred Securities, including without
limitation by seizure under levy of attachment or execution, by foreclosure upon
a pledge, in connection with any voluntary or involuntary bankruptcy or other
court proceeding to a debtor in possession, trustee in bankruptcy or receiver or
other officer or agency, pursuant to any statute pertaining to escheat or
abandoned property, pursuant to a divorce or separation agreement or a final
decree of a court in a divorce action, upon or occasioned by the incompetence of
any such Stockholder and the Transfer in such event to a legal representative of
any such Stockholder; provided that "Involuntary Transfer" shall not include any
Transfer effected pursuant to the exercise by Institutional Stockholders of
Drag-Along Rights under Section 2.7 hereof, any Transfer effected pursuant to
Article IV hereof, any Transfer to the Company solely resulting from a
reclassification of the capital stock of the Company or a recapitalization of
the Company and any Transfer effected as a result of a merger of the Company
with or into any other Person.

                  "Joinder Agreement" means a Joinder Agreement substantially in
the form attached hereto as Exhibit A.

                  "Lien" means any lien, claim, option, charge, encumbrance,
security interest or other adverse claim of any kind.

                  "Management Note" means a promissory note (i) issued by the
Company pursuant to Section 4.2 in payment of the purchase price for shares of
Management Securities purchased pursuant to Section 4.1, (ii) bearing interest
at the rate of 12% per annum, compounded annually (subject to reduction as may
be required to preserve the deductibility of interest for tax purposes), (iii)
pursuant to which payments of principal and interest may be made only to the
extent permitted from time to time under any agreement evidencing Funded Debt of
the Company or any of its direct or indirect Subsidiaries, and (iv) subordinated
in right of payment to the Debentures and all other "Senior Indebtedness" as
defined in the Debentures.

                  "Management Securities" means all shares of Restricted
Securities and Restricted Preferred Securities issued to or acquired by
Management Stockholders and Additional Management Stockholders, unless otherwise
agreed between the Company and any Management Stockholder or Additional
Management Stockholder.

                  "Management Stockholders" means the Management Group and their
respective direct and indirect Permitted Transferees, so long as any such Person
shall hold Restricted Securities or Restricted Preferred Securities.

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                  "Management Subscription Agreement" means any Management
Subscription Agreement between the Company or any Subsidiary and either a member
of the Management Group or an Additional Management Stockholder.

                  "Original Closing Date" means January 3, 1997.

                  "Original Cost" means, as to each share of Common Stock
purchased or otherwise acquired (i) on the Original Closing Date, $40.00 and
(ii) after the Original Closing Date, the price paid (including the price at
which any Equity Equivalent was exercised) therefor, in each case appropriately
adjusted to reflect all stock splits, stock dividends, reclassification,
recapitalizations or other similar events affecting the Common Stock subsequent
to the date of purchase thereof.

                  "Original Ownership Level" means, with respect to the
Institutional Stockholders, the number of shares of Common Stock, on a Fully
Diluted Basis, subject to any stock splits, stock dividends or reclassifications
or other similar events, acquired by the Institutional Stockholders, on or prior
to the Original Closing Date.

                  "Original Ownership Level Ratio" means a fraction the
numerator of which is the number of shares of Common Stock acquired by the
Institutional Stockholders on or prior to the Original Closing Date and the
denominator of which is the number of shares of Common Stock issued and
outstanding as of the Original Closing Date, in each case on a Fully-Diluted
Basis and subject to any stock splits, stock dividends or reclassifications or
other similar events.

                  "Permitted Transferee" means:

                           (i)   with respect to any Stockholder who is a
         natural person, (A) the spouse or any lineal descendant (including by
         adoption and stepchildren) of such Stockholder, (B) any trust of which
         such Stockholder is the trustee and which is established solely for the
         benefit of any of the foregoing individuals and whose terms are not
         inconsistent with the terms of this Agreement, (D) the estate of such
         Stockholder established by reason of such Stockholder's death, or (E)
         any corporation, limited liability company or partnership, all of the
         interests of which are (or is) owned by one or more of the Persons
         identified in this subparagraph (i);

                           (ii)  with respect to the estate of any Stockholder
         or any trust to which such Stockholder has transferred Restricted
         Securities or Restricted Preferred Securities that meets the criteria
         set forth in clause (B) of subparagraph (i) above with respect to such
         Stockholder, any person having the relationship with respect to such
         Stockholder described in clause (A) of such subparagraph (i);

                           (iii) with respect to the Institutional Stockholders,
         (A) any Associate or Affiliate of any such Institutional Stockholder
         and any officer, director or employee of any Institutional Stockholder
         or such Associate or Affiliate, (B) any spouse or lineal descendant
         (including by adoption and stepchildren) of the officers, directors and
         employees referred to in clause (A) above, and any trust (where a
         majority in interest of the beneficiaries thereof are

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         any of the persons described in this clause (B) and in clause (A)
         above), corporations or partnerships (where a majority in interest of
         the stockholders or limited partners, or where the managing general
         partner, is one of more of the persons described in clause (A) above),
         (C) subject to the provisions of Section 2.8 (Institutional
         Stockholders Accounting Determination), and if, after taking
         commercially reasonable steps, with the cooperation of the Company,
         such Institutional Stockholder is unable to restructure its ownership
         of the Company's securities in a manner which avoids an Accounting
         Determination and which is not materially adverse to such Institutional
         Stockholders, upon the giving of notice to the Company that the
         Institutional Stockholders have determined that such Accounting
         Determination may not be avoided, then to any third party in an amount
         necessary to avoid such Accounting Determination, or (D) subject to the
         provisions of Section 2.9 (Institutional Stockholders Regulatory
         Problem) and if, after taking commercially reasonable steps, with the
         cooperation of the Company, such Institutional Stockholder is unable to
         restructure its ownership of the Company's securities in a manner which
         avoids a Regulatory Problem and which is not materially adverse to such
         Institutional Stockholder, upon the giving of notice to the Company
         that the Institutional Stockholders have determined that such
         Regulatory Problem may not be avoided then to any third party in an
         amount necessary to avoid such Regulatory Problem. For purposes of
         determining a "Permitted Transferee" under Article III of this
         Agreement, the term "Affiliate" shall include, without limitation, any
         limited partnership, limited liability company or other investment
         vehicle that is sponsored or managed (whether through the ownership of
         securities having a majority of the voting power, as a general partner
         or through the management of investments) by Citicorp or its Affiliates
         (defined without giving effect to this sentence) or present or former
         employees of Citicorp or its Affiliates.

                  "Person" or "person" means an individual, partnership,
corporation, trust, unincorporated organization, limited liability company or
partnership, joint venture, government (or agency or political subdivision
thereof) or any other entity of any kind.

                  "Pro Rata" means, with respect to one or more Stockholders (i)
as it relates to the Common Stock or Equity Equivalents, in proportion to the
number of shares of Common Stock on a Fully-Diluted Basis owned by such
Stockholder or Stockholders or which may be acquired by any Stockholder or
Stockholders, and (ii) as it relates to Series A Preferred, in proportion to the
number of shares of Series A Preferred, owned by such Stockholder or
Stockholders; provided, however, that for purposes of calculating an
Institutional Stockholder's holdings in accordance with the foregoing no effect
shall be given to a Transfer of any Common Stock or Series A Preferred to a
Miller Stockholder other than for purposes of Article III hereof.

                  "Qualifying Offering" means the consummation by the Company of
an underwritten primary or a secondary public offering (including by spin-off or
other transfer) of Common Stock pursuant to an effective registration statement
under the Securities Act, covering the distribution of the Common Stock (i)
which (taken together with all similar previous public offerings) raises at
least $50,000,000 of aggregate net

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proceeds to the Company (after underwriters' fees, commissions and discounts and
offering expenses) or (ii) as a result of which, at that time, at least 25% of
the Common Stock, on a Fully-Diluted Basis, has been sold (including through
dividend or spin-off) to the public.

                  "Registration Rights Agreement" means the Amended and Restated
Registration Rights Agreement, dated as of the date hereof, among the parties
thereto, as the same may be amended, modified or supplemented from time to time.

                  "Restricted Preferred Securities" means the Series A
Preferred.

                  "Restricted Securities" means the Common Stock, the Equity
Equivalents and any securities issued with respect thereto as a result of any
stock dividend, stock split, reclassification, recapitalization, reorganization,
merger, consolidation or similar event or upon the conversion, exchange or
exercise thereof.

                  "Rule 144 Transaction" means a transfer of Common Stock (A)
complying with Rule 144 under the Securities Act as such Rule is in effect on
the date of such transfer (but not including a sale other than pursuant to a
"brokers transaction" as defined in clauses (1) and (2) of paragraph (g) of such
Rule as in effect on the date hereof) and (B) occurring at a time when shares of
such Common Stock are registered pursuant to Section 12 of the Exchange Act (or
any successor to such Section).

                  "Sale of the Company" means the sale of the Company (whether
by merger, consolidation, recapitalization, reorganization, sale of securities,
sale of assets or otherwise) in one transaction or series of related
transactions to a Person or group (within the meaning of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended) of Persons (other than any
Institutional Stockholder, Management Stockholder or Additional Management
Stockholder) pursuant to which such Person or group of Persons (together with
its Affiliates) acquires (i) securities representing at least a majority of the
voting power of the Common Stock of the Company, assuming the conversion,
exchange or exercise of all securities convertible, exchangeable or exercisable
for or into voting securities, or (ii) all or substantially all of the Company's
assets on a consolidated basis.

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

                  "Series A-1 Common Stock" means the Company's Series A-1
Common Stock, par value $.01 per share, and any securities into which such
Series A-1 Common Stock shall have been changed or any securities resulting from
any reclassification or recapitalization of such Series A-1 Common Stock.

                  "Series A-2 Common Stock" means the Company's Series A-2
Common Stock, par value $.01 per share, and any securities into which such
Series A-2 Common Stock shall have been changed or any securities resulting from
any reclassification or recapitalization of such Series A-2 Common Stock.

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                  "Series A-3 Common Stock" means the Company's Series A-3
Common Stock, par value $.01 per share, and any securities into which such
Series A-3 Common Stock shall have been changed or any securities resulting from
any reclassification or recapitalization of such Series A-3 Common Stock.

                  "Series A-4 Common Stock" means the Company's Series A-4
Common Stock, par value $.01 per share, and any securities into which such
Series A-4 Common Stock shall have been changed or any securities resulting from
any reclassification or recapitalization of such Series A-4 Common Stock.

                  "Series A Preferred" means the Company's Series A Preferred
Stock, par value $.01 per share, and any securities (other than the Debentures)
into which such Series A Preferred shall have been changed or any securities
resulting from any reclassification or recapitalization of such Series A
Preferred.

                  "Series A Preferred Original Level Ratio" means a fraction the
numerator of which is the number of shares of Series A Preferred, acquired by
the Institutional Stockholders on or prior to the Original Closing Date and the
denominator of which is the number of shares of Series A Preferred issued and
outstanding as of the Original Closing Date, in each case subject to any stock
splits, stock dividends or reclassifications or other similar events.

                  "Series I Common Stock" means the Company's Series I Common
Stock, par value $.01 per share, and any securities into which such Series I
Common Stock shall have been changed or any security resulting from any
reclassification or recapitalization of such Series I Common Stock.

                  "Series II Common Stock" means the Company's Series II Common
Stock, par value $.01 per share, and any securities into which such Series II
Common Stock shall have been changed or any securities resulting from any
reclassification or recapitalization of such Series II Common Stock.

                  "Significant Subsidiaries" means those Subsidiaries of the
Company which constitute a "Significant Subsidiary" as defined in Regulation S-X
promulgated by the Commission under the Securities Act, as such Regulation is in
effect on the date hereof.

                  "Significant Transaction" means:

                           (i)   any merger, consolidation or other business
         combination of the Company or any of its Significant Subsidiaries with
         or into any Person (other than a wholly-owned Subsidiary) or any
         formation by the Company or any of its Significant Subsidiaries of any
         subsidiary which would, upon such formation, be a Significant
         Subsidiary;

                           (ii)  any sale, lease, transfer, exchange or other
         disposition by the Company or any of its Subsidiaries of assets having
         a book value in excess of

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         $2,500,000.00, in a single transaction or a series of related
         transactions, to or with any Person, other than sales of inventory in
         the ordinary course of business;

                           (iii) any amendment to or modification or repeal of
         any provision of the Certificate of Incorporation or the By-Laws of the
         Company or any Subsidiary thereof;

                           (iv)  any acquisition by the Company or any of its
         Subsidiaries of securities or assets, in a single transaction or a
         series of related transactions for consideration in excess of
         $2,500,000.00, other than (A) purchases of inventory in the ordinary
         course of business, (B) capital expenditures made in accordance with an
         annual budget approved by the Board, or (C) investments described on
         Exhibit B hereto;

                           (v)   any increase or reduction of the capital of the
         Company or any of its Subsidiaries or the creation of any additional
         class of capital stock of the Company or any of its Subsidiaries, or
         the issuance by the Company or any of its Subsidiaries of Equity
         Equivalents other than (A) the issuance of Common Stock upon the
         exercise or conversion of Equity Equivalents where the issuance of such
         Equity Equivalents has been approved by the Board in accordance with
         the provisions of this Agreement, (B) the issuance of Common Stock upon
         the conversion of any outstanding class of Common Stock, and (C) the
         issuance of Equity Equivalents and the issuance of Common Stock upon
         the exercise or conversion of such Equity Equivalents, each as provided
         in and in accordance with the Company's 2000 Stock Option Plan;

                           (vi)  the incurrence or guaranty after the Original
         Closing Date by the Company or any of its Subsidiaries of any material
         Funded Debt or any modification or amendment to any agreement governing
         the extension or guaranty thereof (including the issuance of Debentures
         but excluding any incurrence under the terms of the Debentures
         following their issuance or any agreement or instrument previously
         approved by the Board in accordance with the terms of this Agreement,
         including, without limitation, drawdowns on any previously approved
         revolving credit facility);

                           (vii) the dissolution of the Company (or any of its
         Significant Subsidiaries), the adoption of a plan of liquidation by the
         Company (or any of its Significant Subsidiaries), any action by the
         Company (or any of its Significant Subsidiaries) to commence any suit,
         case, proceeding or other action (A) under any existing or future law
         of any jurisdiction relating to bankruptcy, insolvency, reorganization
         or relief of debtors seeking to have an order for relief of debtors
         entered with respect to it, or seeking to adjudicate it a bankrupt or
         insolvent, or seeking reorganization, arrangement, adjustment,
         winding-up, liquidation, dissolution, composition or other relief with
         respect to it, or (B) seeking appointment of a receiver, trustee,
         custodian or other similar official for it or for all or any
         substantial part of its assets, or making a general assignment for the
         benefit of its creditors;

                                       10
<PAGE>   15

                           (viii) any increase, decrease or change in the
         compensation or benefits of the senior management of the Company or any
         of its Subsidiaries, or the issuance of any Management Note; and

                           (ix)   any transaction or dealing between the Company
         or any of its Subsidiaries, on the one hand, and one or more of its
         Stockholders (or any Affiliate of any Stockholder), on the other hand,
         not entered into in the ordinary course of business or on an
         arm's-length basis or which is material to the Company or any of its
         Subsidiaries, other than transactions undertaken by the Company in
         compliance with the provisions of this Agreement and the Registration
         Rights Agreement.

                  "Stockholders" means each of the Institutional Stockholders,
the Management Stockholders and the Additional Stockholders.

                  "Subscription Agreements" means, collectively, the
Institutional Stockholder Subscription Agreement and the Management Stockholder
Subscription Agreements.

                  "Subsidiary" means, with respect to any Person, any
corporation, partnership, limited liability company, association or other
business entity of which (i) if a corporation, a majority of the total voting
power of shares of stock entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof
is at the time owned or controlled, directly or indirectly, by that Person or
one or more of the other Subsidiaries of that Person or a combination thereof,
or (ii) if a partnership, limited liability company, association or other
business entity, a majority of the partnership or other similar ownership
interest thereof is at the time owned or controlled, directly or indirectly, by
that Person or one or more Subsidiaries of that Person or a combination thereof.
For purposes hereof, a Person or Persons shall be deemed to have a majority
ownership interest in a partnership, limited liability company, association or
other business entity if such Person or Persons shall be allocated a majority of
partnership, limited liability company, association or other business entity
gains or losses or shall be or control the managing director or general partner
of such partnership, limited liability company, association or other business
entity.

                  "Transfer" means, directly or indirectly, any sale, transfer,
assignment, grant of a participation in, gift, hypothecation, pledge or other
disposition of any securities or any interests therein or, as the context may
require, to sell, transfer, assign, grant a participation in, give as a gift,
hypothecate, pledge or otherwise dispose of any securities or any interests
therein; provided that the exercise, conversion or exchange of any Equity
Equivalent (including without limitation the right of the Company to exchange
shares of Series A Preferred for the Debentures) shall not be deemed a
"Transfer."

                                       11
<PAGE>   16

                  "Unvested Shares" shall mean, only with respect to each
Management Stockholder or Additional Management Stockholder, all Management
Securities other than Vested Shares.

                  "Vested Shares" means, unless otherwise provided in a separate
agreement between the Company and a Management Stockholder or Additional
Management Stockholder, only with respect to each Management Stockholder or
Additional Management Stockholder, that portion of Management Securities held by
such Person and by such Person's Permitted Transferees who hold such Management
Securities which are attributable to such Person which is the product of: (x)
the number of Management Securities acquired by such Management Stockholder or
Additional Management Stockholder on any Date of Issuance, and (y) the fraction
in which the numerator is the number of anniversaries that have elapsed after
such Date of Issuance and the denominator is five (5) provided, however, that in
the event such fraction is greater than one it shall be deemed to equal one; and
provided, further, that simultaneously with a Sale of the Company, all Unvested
Shares (other than Management Securities which are Equity Equivalents) shall
become Vested Shares.

                  (b)      Unless otherwise provided herein, all accounting
terms used in this Agreement shall be interpreted in accordance with generally
accepted accounting principles as in effect from time to time, applied on a
consistent basis.

                  (c)      The following terms, when used in this Agreement,
shall have the meanings defined for such terms in the Section set forth below
(such definitions to be equally applicable to both singular and plural forms of
the terms defined):

                  Term                                                 Section
                  ----                                                 -------

                  "Accounting Determination"                           2.8(a)
                  "Acquiror"                                           2.7(a)
                  "Agreement"                                          Preamble
                  "Article III Offer"                                  3.1(a)
                  "Buyer"                                              3.1(a)
                  "Company"                                            Preamble
                  "Company Designee"                                   4.1(c)
                  "Company Notice"                                     2.5(c)
                  "Court Square"                                       Preamble
                  "CVC Stockholder"                                    Preamble
                  "CVC Stockholders"                                   Preamble
                  "Disinterested Director                              5.1(a)
                  "Drag-Along Right"                                   2.7(a)
                  "Drag-Along Sale"                                    2.7(a)
                  "Employment Agreement"                               7.21
                  "Executive"                                          7.21
                  "Inclusion Notice"                                   3.1(a)
                  "Inclusion Right"                                    3.1(b)
                  "Institutional Director"                             5.1(a)

                                       12
<PAGE>   17

                  "Institutional Stockholder Notice"                   2.5(b)
                  "Involuntary Transfer Notice"                        2.6(a)
                  "Involuntary Transfer Purchase Notice"               2.6(b)
                  "Management Director"                                5.1(a)
                  "Management Group"                                   Preamble
                  "Management Group Member"                            Preamble
                  "Management Representative"                          5.8
                  "MascoTech"                                          Recitals
                  "Miller Management Subscription Agreement"           7.21
                  "Miller Stockholders"                                2.5(b)
                  "Nominating Committee"                               5.1(a)
                  "Notice of Intention"                                2.5(a)
                  "Observer"                                           5.7(a)
                  "Offered Securities"                                 2.5(a)
                  "Offerees"                                           3.1(a)
                  "Offer Price"                                        2.5(a)
                  "Prospective Buyer Notice"                           2.5(d)
                  "Prospective Buyers"                                 2.5(a)
                  "Purchase Notice"                                    4.1(c)
                  "Regulatory Problem"                                 6.4(c)
                  "Sale Event"                                         4.1(a)
                  "Sale Event Notice"                                  4.1(a)
                  "Sale Event Purchase Notice"                         4.1(b)
                  "Section 2.8 Notice"                                 2.8(a)
                  "Section 2.9 Notice"                                 2.9(a)
                  "Section 2.8 Securities"                             2.8(a)
                  "Section 2.9 Securities"                             2.9(a)
                  "Sellers"                                            4.1(c)
                  "Selling Stockholder"                                2.5(a)
                  "Subject Securities"                                 2.6(d)
                  "Third Anniversary"                                  7.21
                  "Third Party"                                        2.5(a)
                  "Transferor"                                         3.1(a)
                  "Transferor Shares"                                  3.1(a)

                                   ARTICLE 2

                            RESTRICTIONS ON TRANSFERS

         2.1      RESTRICTIONS GENERALLY; SECURITIES ACT.

                  (a)      Each Stockholder agrees that it will not, directly or
indirectly, Transfer any Restricted Securities or Restricted Preferred
Securities except in accordance with the terms of this Agreement. Any attempt to
Transfer or any purported Transfer of any Restricted Securities or Restricted
Preferred Securities not in accordance with the terms of this Agreement shall be
null and void and neither the Company nor any transfer

                                       13
<PAGE>   18

agent of such securities shall give any effect to such attempted Transfer in its
stock records.

                  (b)      Each Stockholder agrees that, in addition to the
other requirements set forth herein, the Registration Rights Agreement and in
each Stockholder's respective subscription agreement between such Stockholder
and the Company or a Subsidiary relating to Transfer, it will not Transfer any
Restricted Securities or Restricted Preferred Securities except (i) pursuant to
an effective registration statement under the Securities Act, or (ii) unless
such requirement is waived by the Company, upon receipt by the Company, at the
option of the Company, of either an opinion of counsel to the Stockholder (which
opinion and counsel are reasonably satisfactory to the Company) or of an opinion
of counsel to the Company, in each case to the effect that no registration
statement is required in connection with the Transfer because of the
availability of an exemption from registration under the Securities Act.

         2.2      LEGEND.

                  (a)      Each certificate representing Restricted Securities
or Restricted Preferred Securities shall be endorsed with the legends set forth
in Exhibit C hereto and such other legends as may be required by applicable
state securities laws.

                  (b)      Any certificate issued at any time in exchange or
substitution for any certificate bearing such legends (except a new certificate
issued upon the completion of a Transfer pursuant to a registered public
offering under the Securities Act and made in accordance with the Securities
Act) shall also bear such legends, unless, in the opinion of counsel to the
Company (with advice from counsel to the Company, as the Company may deem
appropriate), the Restricted Securities or Restricted Preferred Securities, as
the case may be, represented thereby are either no longer subject to the
provisions of this Agreement or the restrictions imposed under the Securities
Act or state securities laws, in which case the applicable legend (or legends)
may be removed.

         2.3      LIMITATIONS ON REPURCHASES, DIVIDENDS, ETC.

                  Each Stockholder understands that the Company has entered
into, or may from time to time enter into, certain financing agreements which do
or may contain prohibitions, restrictions and limitations, among other things,
on the ability of the Company to purchase any Restricted Securities and/or
Restricted Preferred Securities (whether pursuant to this Agreement or
otherwise), to pay dividends and to waive, modify or discharge any rights or
obligations under this Agreement. Each Stockholder (a) acknowledges that such
prohibitions, restrictions and limitations might prohibit the Company from
complying with repurchase or payment obligations under this Agreement and (b)
agrees that it shall not be entitled to exercise any remedy under Section 7.9 or
otherwise to enforce any such obligation at any time the Company is subject to
any such prohibition, restriction or limitation.

                                       14
<PAGE>   19

         2.4      TRANSFER RESTRICTIONS.

                  (a)      Each of the Management Stockholders and the
Additional Stockholders severally agrees that it will not Transfer any
Restricted Securities or Restricted Preferred Securities, except (i) to a
Permitted Transferee who shall have executed and delivered to the Company a
Joinder Agreement and thereby becomes a party to this Agreement; (ii) pursuant
to Section 2.6 (Involuntary Transfers); (iii) pursuant to 2.7 (Drag-Along
Rights); (iv) in accordance with Article III (Rights of Inclusion) in the
capacity of an Offeree or Transferor thereunder; (v) pursuant to Article IV
(Repurchase of Securities); (vi) in a registered public offering or in a Rule
144 Transaction; (vii) pursuant to Section 2.5 (Right of First Refusal); or
(viii) to the Company pursuant to a mandatory redemption of Restricted Preferred
Securities as may be provided for under the Certificate of Incorporation;
provided, however, that no Management Stockholder or Additional Management
Stockholder shall Transfer any Restricted Securities or Restricted Preferred
Securities pursuant to Section 2.5 for a period of five years following the
Original Closing Date, and provided, further, that no Management Stockholder or
Additional Management Stockholder shall transfer any Unvested Shares except (y)
to a Permitted Transferee who shall have executed and delivered to the Company a
Joinder Agreement and thereby becomes a party to this Agreement or (z) pursuant
to Section 2.6 (Involuntary Transfers), Section 2.7 (Drag-Along Rights) or
Article IV (Repurchase of Securities).

                  (b)      Each of the Institutional Stockholders severally
agrees that it will not Transfer any Restricted Securities or Restricted
Preferred Securities, except (i) to a Permitted Transferee, who shall have
executed and delivered to the Company a Joinder Agreement and thereby become a
party to this Agreement; (ii) pursuant to Section 2.7 (Drag-Along Rights); (iii)
pursuant to Section 2.8 (Institutional Stockholders Accounting Determination),
(iv) pursuant to Section 2.9 (Institutional Stockholders Regulatory Problem),
(v) in accordance with Article III (Rights of Inclusion) in the capacity of an
Offeree or Transferor thereunder; (vi) in a registered public offering or in a
Rule 144 Transaction; (vii) to the Company pursuant to a mandatory redemption of
Restricted Preferred Securities as may be provided for under the Certificate of
Incorporation; or (viii) in the case of a transfer to any limited partnership,
limited liability company or other investment vehicle that is sponsored or
managed (whether through the ownership of securities having a majority of the
voting power, as a general partner or through the management of investments) by
Citicorp or its Affiliates or present or former employees of Citicorp or its
Affiliates (with "Affiliates" to include for purposes of this clause (viii) the
entities described in this clause (viii)), as a Transferor without compliance
with the terms of Article III (Right of Inclusion) hereof.

                  (c)      Notwithstanding the provisions of Section 2.4(a) and
(b), Section 2.5 and Article III hereof, the Company, acting by Institutional
Affirmative Board Vote, and a Stockholder may agree for the Company or any of
its Subsidiaries to purchase any or all of the Restricted Securities or
Restricted Preferred Securities owned by such Stockholder at the Fair Market
Value thereof. The closing of any such Transfer of Restricted Securities or
Restricted Preferred Securities shall take place on such terms, on such date and
at such place as the Company and such Stockholder mutually agree. At the

                                       15
<PAGE>   20

closing of such purchase and sale, such Stockholder shall deliver certificates
evidencing the Restricted Securities or Restricted Preferred Securities being
sold duly endorsed, or accompanied by written instruments of Transfer in form
satisfactory to the Company, duly executed by such Stockholder, free and clear
of any Liens, against delivery of the purchase price therefor.

         2.5      RIGHT OF FIRST REFUSAL.

                  (a)      Except for Transfers permitted pursuant to Section
2.4(a), if pursuant to a written bona fide third party (a "Third Party") offer
any Management Stockholder or Additional Stockholder desires to Transfer any
Restricted Securities or Restricted Preferred Securities (such transferring
Management Stockholder or Additional Stockholder, a "Selling Stockholder" and
such securities proposed to be so Transferred, the "Offered Securities"), prior
to any Transfer it shall give written notice of the proposed Transfer (the
"Notice of Intention") to the Company and each of the Institutional Stockholders
(such parties other than the Company to whom notice is given, but excluding the
Selling Stockholder, the "Prospective Buyers"), specifying the type and number
of Offered Securities which such Selling Stockholder wishes to Transfer, the
proposed purchase price (the "Offer Price") therefor and all other material
terms and conditions of the proposed Transfer.

                  (b)      If the Selling Stockholder is Ralph L. Miller or any
of his Permitted Transferees (collectively, the "Miller Stockholders"), for a
period of thirty (30) days following its receipt of the Notice of Intention,
each of the Institutional Stockholders shall have the right to purchase all or
any portion of the Offered Securities at the Offer Price and on the other terms
specified in the Notice of Intention, up to such amount of Offered Securities so
that, upon such purchase, the Institutional Stockholders' Original Ownership
Level Ratio would be equal to 46.54%, calculated as if such purchase had been in
effect on the Original Closing Date and without giving effect to any Transfer of
Common Stock by the Institutional Stockholders other than to the Miller
Stockholders, exercisable by delivery of an irrevocable notice (the
"Institutional Stockholder Notice") to the Miller Stockholders, with a copy to
the Company and the other Prospective Buyers, specifying the number of Offered
Securities with respect to which each Institutional Stockholder is exercising
its option.

                  (c) (A)  For a period of thirty (30) days following its
receipt of the (x) Institutional Stockholder Notice or (y) the Notice of
Intention, if no Institutional Stock Notice of Intention may be given, or (B)
for a period of sixty (60) days following its receipt of the Notice of
Intention, if no Institutional Stockholder Notice is so received, but may be
given, the Company shall have the right to purchase (i) all or any portion of
the Offered Securities, if no Institutional Stockholder Notice is given but may
be, (ii) any portion of the Offered Securities which the Institutional
Stockholder has elected not to purchase, if an Institutional Stockholder Notice
has been given, or (iii) all or any portion of the Offered Securities, if no
Institutional Stockholder Notice may be given, in each case at the Offer Price
and on the other terms specified in the Notice of Intention, exercisable by
delivery of an irrevocable notice (the "Company Notice") to the Selling

                                       16
<PAGE>   21

Stockholder, with a copy to each of the Prospective Buyers, specifying the
number of Offered Securities with respect to which the Company is exercising its
option.

                  (d)      For a period of thirty (30) days following its
receipt of the Company Notice or, if no Company Notice is so received, for a
period of thirty (30) days following the last date on which such Company Notice
may have been given, each of the Prospective Buyers shall have the right to
purchase at the Offer Price and on the other terms specified in the Notice of
Intention addressed to it, any or all of the Offered Securities which neither
the Institutional Stockholder nor the Company has elected to purchase pursuant
to Sections 2.5(b) and (c), Pro Rata among the Prospective Buyers; provided,
however, that in the event any Prospective Buyer does not purchase any or all of
its Pro Rata portion of the Offered Securities, the other Prospective Buyers
shall have the right to purchase such portion, Pro Rata, until all of such
Offered Securities are purchased or until such other Prospective Buyers do not
desire to purchase any more Offered Securities. The right of the Prospective
Buyers pursuant to this Section 2.5(d) shall be exercisable by delivery of a
notice (the "Prospective Buyer Notice") setting forth the maximum number of
Offered Securities that such Prospective Buyer wishes to purchase, including any
number which would be allocated in the event any Prospective Buyer does not
purchase all of its Pro Rata share, to the Selling Stockholder, the Company and
the other Prospective Buyers and shall expire if unexercised within such 30-day
period.

                  (e)      Notwithstanding the foregoing provisions of this
Section 2.5, except for purchases pursuant to Section 2.5(b), unless the Selling
Stockholder shall have consented to the purchase of less than all of the Offered
Securities, neither the Company nor any Prospective Buyer may purchase any
Offered Securities unless all of the Offered Securities are to be purchased
(whether by the Company or the Prospective Buyers, or any combination thereof).

                  (f)      If all notices required to be given pursuant to this
Section 2.5 have been duly given, and the Company and the Prospective Buyers
determine not to exercise their respective options to purchase the Offered
Securities at the Offer Price and on the other terms specified in the Notice of
Intention or determine, with the consent of the Selling Stockholder, to exercise
their options to purchase less than all of the Offered Securities, then the
Selling Stockholder shall have the right, for a period of ninety (90) days from
the earlier of (i) the expiration of the last applicable option period pursuant
to this Section 2.5 or (ii) the date on which such Selling Stockholder receives
notice from the Company and the Prospective Buyers that they will not exercise
in whole or in part the options granted pursuant to this Section 2.5, to sell to
a third party the Offered Securities remaining unsold under this Section 2.5 at
a price not less than the Offer Price and on other terms which shall not be
materially more favorable to the Third Party in the aggregate than those terms
set forth in the Notice of Intention; provided that prior to any such Transfer
to a Third Party, such Third Party executes and delivers to the Company a
Joinder Agreement and thereby becomes a party to this Agreement.

                  (g)      The closing of any purchase and sale pursuant to this
Section 2.5 shall take place on such date, not later than fifteen (15) business
days after the later of (A)

                                       17
<PAGE>   22

delivery to the Selling Stockholder of (i) the Institutional Stockholders'
Notice, if applicable, (ii) the Company Notice or (iii) the Prospective Buyer
Notice and (B) if any of the foregoing notices are not given, the last date on
which such notice may be given, as the parties to such purchase and sale shall
select. At the closing of such purchase and sale, the Selling Stockholder shall
deliver certificates evidencing the Offered Securities being sold duly endorsed,
or accompanied by written instruments of Transfer in form satisfactory to the
purchasers thereof, duly executed by the Selling Stockholder, free and clear of
any Liens, against delivery of the Offer Price therefor.

         2.6      INVOLUNTARY TRANSFERS.

                  (a)      Upon the occurrence of any event which would cause
any Restricted Securities or Restricted Preferred Securities owned by a
Management Stockholder or an Additional Management Stockholder to be Transferred
by Involuntary Transfer, such Stockholder (or his or its legal representative or
successor) shall give the Company and the Institutional Stockholders written
notice thereof (the "Involuntary Transfer Notice") stating the terms of such
Involuntary Transfer, the identity of the transferee or proposed transferee, the
price or other consideration, if readily determinable, for which the Restricted
Securities or Restricted Preferred Securities are proposed to be or have been
Transferred and the number of Restricted Securities or Restricted Preferred
Securities which are the subject of such Transfer, and the Company shall provide
the Institutional Stockholders with copies of such notice.

                  (b)      If such Involuntary Transferee is with respect to a
Miller Stockholder, after its receipt of the Involuntary Transfer Notice or,
failing such receipt, after the Company otherwise obtains actual knowledge of
such a proposed or completed Involuntary Transfer and notifies the Institutional
Stockholders of the same, each of the Institutional Stockholders shall have the
right and option to purchase all or any portion of such Restricted Securities up
to such amount of such Restricted Securities so that, upon such purchase, the
Institutional Stockholders' Original Ownership Level Ratio would be equal to
46.54%, and (y) such Restricted Preferred Securities up to such amount of such
Restricted Preferred Securities so that, upon such purchase, the Institutional
Stockholders' Series A Preferred Original Ownership Level Ratio would be equal
to 50%, in each case calculated as if such purchase had been in effect on the
Original Closing Date and without giving effect to any Transfer of Restricted
Securities or Restricted Preferred Securities by an Institutional Stockholder
other than to a Miller Stockholder, which right shall be exercised by written
notice (the "Involuntary Transfer Purchase Notice") given by each of the
Institutional Stockholders to the transferor (or transferee following the
occurrence of any Involuntary Transfer) and to the Company within thirty (30)
days following the Institutional Stockholders' receipt of such notice.

                  (c)      After its receipt of the Involuntary Transfer Notice
or, failing such receipt, after the Company otherwise obtains actual knowledge
of such a proposed or completed Involuntary Transfer, subject to Section 2.6(b),
the Company shall have the right and option to purchase (or to have any designee
purchase) all or any portion of such Restricted Securities or Restricted
Preferred Securities, which right shall be exercised by written notice given by
the Company to the transferor (or transferee following the

                                       18
<PAGE>   23

occurrence of any Involuntary Transfer) and to the Institutional Stockholders
within thirty (30) days following the later of (i) the Company's receipt of the
Involuntary Transfer Notice or, failing such receipt, the Company's obtaining
actual knowledge of such proposed or completed Transfer, (ii) the date of such
Involuntary Transfer and (iii) the Company's receipt of the Involuntary Transfer
Purchase Notice, if applicable and given.

                  (d)      In the event that the Institutional Stockholders and
the Company elect not to purchase all of such Restricted Securities or
Restricted Preferred Securities pursuant to Sections 2.6 (b) and (c), then the
Company shall on or prior to the end of such thirty (30) day period, notify the
Institutional Stockholders thereof, such notice to identify the Securities not
purchased by the Institutional Stockholders and the Company pursuant to Sections
2.6(b) and (c) (the "Subject Securities"). For a period of thirty (30) days
after receipt of such notice from the Company, each of the Institutional
Stockholders shall have the irrevocable right to purchase any or all of the
Subject Securities, Pro Rata; provided, however, that in the event any
Institutional Stockholder does not purchase any or all of its Pro Rata portion
of the Subject Securities, the remaining Institutional Stockholders shall have
the right to purchase such portion pro rata as among themselves until all of the
Subject Securities are purchased or until such persons do not desire to purchase
any more Subject Securities. The right of the Institutional Stockholders to
purchase Subject Securities pursuant to this Section 2.6(d) shall be exercisable
by delivery of a notice to the transferor (or transferee following the
occurrence of any Involuntary Transfer) setting forth the maximum number of
Subject Securities that such person wishes to purchase including any number
which would be allocated in the event that any Institutional Stockholder does
not purchase all or any portion of its pro rata portion.

                  (e)      Any purchase pursuant to this Section 2.6 shall be at
the price and on the terms applicable to such Involuntary Transfer; provided,
however, that if the nature of the event giving rise to such Involuntary
Transfer is such that no readily determinable consideration is to be paid for or
assigned to the Transfer of the Restricted Securities or Restricted Preferred
Securities, the price to be paid by the Company or the Institutional
Stockholders, as the case may be, and the applicable terms shall be the purchase
price and terms applicable to a Sale Event pursuant to Section 4.2. The closing
of the purchase and sale of such Restricted Securities or Restricted Preferred
Securities pursuant to this Section 2.6 shall be held at the place and on the
date to be established by the Company and/or the Institutional Stockholders, as
the case may be, which in no event shall be less than ten (10) nor more than
forty-five (45) days from the date on which the Company and/or the Institutional
Stockholders, as the case may be, gives notice of its election to purchase such
Restricted Securities or Restricted Preferred Securities. At such closing, the
Stockholder (or his or its legal representative or successor) shall deliver the
certificates evidencing the Restricted Securities or Restricted Preferred
Securities to be purchased by the Company and/or the Institutional Stockholders,
as the case may be, as applicable, accompanied by stock powers, duly endorsed in
blank, or duly executed instruments of Transfer, and any other documents that
are necessary to Transfer to the Company and/or the Institutional Stockholders,
as the case may be, good title to such Restricted Securities or Restricted
Preferred Securities free and clear of all Liens and,

                                       19
<PAGE>   24

concurrently with such delivery, the Company and/or the Institutional
Stockholders, as the case may be, shall deliver to the transferor thereof the
full amount of the purchase price therefor.

                  (f)      Notwithstanding anything to the contrary contained
herein, in the event a purchase (or the payment of the purchase price) by the
Company pursuant to this Section 2.6 would violate or conflict with any statute,
rule, injunction, regulation, order, judgment or decree applicable to the
Company or any of its Subsidiaries or by which any of them or their respective
properties is bound or affected or would result in any breach of, or constitute
a change of control or a default (or an event which with notice or lapse of
time, or both, would become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, or result in the
creation of a Lien on any of the property or assets of the Company or any of its
Subsidiaries pursuant to any note, bond, mortgage, indenture, contract,
agreement, lease, license, franchise or other instrument or obligation to which
the Company or any of its Subsidiaries is a party or by which any of their
respective properties is bound or affected, with the prior written consent of
the Institutional Stockholders, the rights of the Company to purchase (or to
have any designee purchase) the Restricted Securities or Restricted Preferred
Securities of any Stockholder shall be suspended until the earlier of (i) the
date which falls thirty (30) days following such time as such prohibition first
lapses or is waived and no such default would be caused or (ii) the date which
is one hundred eighty (180) days after the date of the Involuntary Transfer. For
the purposes of this Section 2.6 (other than Section 2.6 (b) hereof) only, the
date of such lapse or waiver shall be deemed the date of the Involuntary
Transfer for purposes of the purchase and sale of Restricted Securities or
Restricted Preferred Securities pursuant to this Section 2.6. The Company shall
use its reasonable efforts to obtain a waiver of any such prohibition, but shall
not be obligated to incur any additional interest or other costs or charges or
to make any prepayment with respect to any indebtedness in connection with such
efforts.

                  (g)      Notwithstanding anything to the contrary contained in
this Section 2.6, any event giving rise to an Involuntary Transfer which is also
subject to the provisions of Article IV shall be governed by the provisions of
Article IV.

         2.7      DRAG-ALONG RIGHTS.

                  (a)      If the Institutional Stockholders (i) propose to
Transfer to a third party (which is not an Affiliate of any of the Institutional
Stockholders) (the "Acquiror") Restricted Securities or Restricted Preferred
Securities that include 51% or more of the shares of Common Stock or Series A
Preferred, as the case may be, owned by them in the aggregate on a Fully-Diluted
Basis, the Institutional Stockholders shall have the right to require the other
Stockholders to Transfer a corresponding percentage of their Restricted
Securities (determined on a class-by-class basis) or Restricted Preferred
Securities to such Acquiror on the same terms, or (ii) propose the Transfer of
50% or more of the assets or business (whether by merger, sale or otherwise) of
the Company to any such third party, the Institutional Stockholders shall in
each case have the right (a "Drag-Along Right") to require (x) the Stockholders
to take all action necessary or appropriate (including replacement of the
directors designated by such Stockholders) in order to

                                       20
<PAGE>   25

cause the Company to take all action necessary or appropriate to give effect to
such transaction and (y) the Stockholders to approve such transaction in their
capacity as stockholders of the Company (a transaction described in subparagraph
(i) or (ii), a "Drag-Along Sale"); provided, that upon the consummation of any
transaction resulting in a sale or transfer of all or substantially all of the
assets or business of the Company (whether by merger, sale or otherwise), the
Company will immediately distribute all of the net proceeds of such transaction
to the Stockholders in accordance with their respective rights and privileges.

                  (b)      In order to exercise a Drag-Along Right, the
Institutional Stockholders shall notify each other Stockholder, such notice to
set forth the terms and conditions of such proposed sale. Each such Stockholder
will take all actions reasonably requested by the Institutional Stockholders in
connection with the consummation of such sale, and within ten (10) business days
after the receipt of such notice (or such longer period of time as the
Institutional Stockholders shall designate in such notice), if such transaction
is structured as a sale of assets or a merger, such Stockholders shall approve
the transaction in their capacities as stockholders of the Company, and if such
transaction is a sale of Restricted Securities or Restricted Preferred
Securities, such Stockholders shall cause the applicable percentage of each
class of their respective Restricted Securities or Restricted Preferred
Securities to be sold to the Acquiror on the same terms and conditions and for
the same per share consideration as the Restricted Securities and Restricted
Preferred Securities being sold by the Institutional Stockholders; provided,
however, that if any of such Restricted Securities are Equity Equivalents, the
purchase price of such Equity Equivalents shall equal the aggregate price that
would be paid for the shares of Common Stock issuable upon the exercise,
exchange or conversion thereof minus the aggregate exercise, exchange or
conversion price under such Equity Equivalents for such shares of Common Stock
and if any Stockholders are given a choice as to the type or amount of
consideration to be received in respect of a specific security of the Company,
all Stockholders will be given the same choice. In furtherance of, and not in
limitation of the foregoing, in connection with a Drag-Along Sale, subject to
Section 2.7(c), each Stockholder will (i) raise no objections against the
Drag-Along Sale or the process pursuant to which it was arranged, (ii) waive any
appraisal, dissenter or similar rights under applicable law, and (iii) execute
all documents containing such terms and conditions as those executed by other
Stockholders as reasonably directed by the Institutional Stockholders.

                  (c)      Unless otherwise agreed in writing by any Stockholder
with respect to the obligations of such Stockholder, all contractual
indemnification and contribution payments required to be made by any Stockholder
in connection with any Drag-Along Sale shall be limited to payments made from
the proceeds of such Drag-Along Sale set aside in an escrow account or similar
arrangement, except with respect to indemnification or contribution payments
which arise from a misrepresentation or breach by such Stockholder with respect
to matters of title to such Stockholders' securities and valid authorization by
such Stockholder with respect to the Drag-Along Sale. The amount of proceeds
payable to each Stockholder so set aside in respect of any such indemnification
or contribution payments shall be proportionate to the amount of consideration
received or to be received by such Stockholder in relation to all

                                       21
<PAGE>   26

Stockholders. All Stockholders will bear their pro rata share of the costs and
expenses incurred in connection with a Drag-Along Sale to the extent such costs
are incurred for the benefit of all Stockholders and are not otherwise paid by
the Company or the purchaser and so long as such costs and expenses are
reimbursed solely out of the proceeds of such Drag-Along Sale. Costs incurred by
any Stockholder on its own behalf will not be shared by any other Stockholder.

         2.8      INSTITUTIONAL STOCKHOLDERS ACCOUNTING DETERMINATION.

                  (a)      If Court Square has made a good faith determination
following consultation with its independent accountants that (i) there is a
reasonable likelihood that it will be required to consolidate into the financial
statements of Citigroup and its consolidated Subsidiaries the balance sheet of
the Company and its consolidated Subsidiaries as a result of its holdings (or
the holdings of any other Institutional Stockholder) of Restricted Securities or
Restricted Preferred Securities and (ii) after taking all commercially
reasonable steps, Court Square, with the cooperation of the Company, is unable
to restructure its ownership (or the ownership of any other Institutional
Stockholder) of such securities in a manner which continues to avoid
consolidation accounting treatment and is not materially adverse to Court Square
(such determination, an "Accounting Determination") and that it needs to
Transfer certain of the Company's securities pursuant to (iii)(C) of the
definition of Permitted Transferee then Court Square may provide a notice to the
Company of such determination, such notice to provide a brief summary setting
forth an explanation of the basis for the determination and to indicate that it
is a notice under this Section 2.8 (a "Section 2.8 Notice") and the quantity of
the securities of the Company as is reasonably deemed necessary by the
Institutional Stockholders to be sold to avoid such accounting problem (the
"Section 2.8 Securities") and the price and the terms upon which such Section
2.8 Securities are proposed to be sold.

                  (b)      For a period of 180 days after the date of such
Section 2.8 Notice, the Institutional Stockholders may sell their holdings of
Section 2.8 Securities to a third party at a price and upon terms substantially
similar to those set forth in the Section 2.8 Notice; provided that if the
Institutional Stockholders provide the Company with notice that (i) a third
party has accepted such offer within such 180-day period, (ii) a definitive
agreement has been entered into providing for the sale of the Section 2.8
Securities to such third party, (iii) the closing of such sale was scheduled to
occur within such 180-day period, (iv) such closing has been delayed as a result
of an assertion by the Federal Trade Commission or United States Department of
Justice or other party that such sale will constitute a violation of antitrust
laws or as a result of the waiting period applicable to such sale under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, having not
expired as of the end of such 180-day period and (v) the sale is reasonably
likely to occur notwithstanding such delay in an additional period of 60-days
from the end of such 180-day period, then such 180-day period shall be extended
(once only) for a period of an additional 60-days to allow for such sale to be
consummated to such third party. Upon the acceptance of any such offer of the
Institutional Stockholders by a third party, the Institutional Stockholders
shall notify the Company thereof, such notice to provide details as to the
identity of the third party and the terms of such sale.

                                       22
<PAGE>   27
         2.9      INSTITUTIONAL STOCKHOLDERS REGULATORY PROBLEM.

                  (a)      If any Institutional Stockholder determines that it
needs to Transfer certain of the Company's securities pursuant to (iii)(D) of
the definition of Permitted Transferee then such Institutional Stockholder may
provide a notice to the Company of such determination, such notice to indicate
that it is a notice under this Section 2.9 (a "Section 2.9 Notice") and the
quantity of the securities of the Company as is reasonably deemed necessary by
such Institutional Stockholder to be sold to avoid such Regulatory Problem (as
defined herein) (the "Section 2.9 Securities") and the price and the terms upon
which such Section 2.9 Securities are proposed to be sold.

                  (b)      The Institutional Stockholders may, for a period of
180 days after the date of such Section 2.9 Notice, sell their holdings of
Section 2.9 Securities to a third party at a price and upon terms substantially
similar to those set forth in the Section 2.9 Notice; provided that if the
Institutional Stockholders provide the Company with notice that (i) a third
party has accepted such offer within such 180-day period, (ii) a definitive
agreement has been entered into providing for the sale of the Section 2.9
Securities to such third party, (iii) the closing of such sale was scheduled to
occur within such 180-day period, (iv) such closing has been delayed as a result
of an assertion by the Federal Trade Commission or United States Department of
Justice or other party that such sale will constitute a violation of antitrust
laws or as a result of the waiting period applicable to such sale under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, having not
expired as of the end of such 180-day period and (v) the sale is reasonably
likely to occur notwithstanding such delay in an additional period of 60-days
from the end of such 180-day period, then such 180-day period shall be extended
(once only) for a period of an additional 60-days to allow for such sale to be
consummated to such third party. Upon the acceptance of any such offer of the
Institutional Stockholders by a third party, the Institutional Stockholders
shall notify the Company thereof, such notice to provide details as to the
identity of the third party and the terms of such sale.

                                   ARTICLE 3

                               RIGHTS OF INCLUSION

         3.1      RIGHTS OF INCLUSION.

                  (a)      Except for any Transfer of Restricted Securities or
Restricted Preferred Securities pursuant to clauses (i), (ii) or (v) of Section
2.4(a) or clauses (i), (ii), (iii), (iv), (v) (in the capacity of a Transferor
or Offeree thereunder), (vi) or (vii) of Section 2.4(b), if

                           (i)   the Institutional Stockholders propose to
         Transfer, in one or more transactions, Restricted Securities
         representing more than twenty-five percent (25%) of the Restricted
         Securities on a Fully-Diluted Basis; provided, that this clause (I)
         shall apply only to the extent such Transfers otherwise subject to the
         Inclusion Right in the aggregate exceed such twenty-five percent (25%)
         threshold; or

                                       23
<PAGE>   28

                           (ii)  the Institutional Stockholders, the Additional
         Stockholders or the Management Stockholders propose to Transfer
         Restricted Preferred Securities;

in each case to any Person (the "Buyer") (the transferor under clause (I) or
(II), the "Transferor" and the securities proposed to be so transferred, the
"Transferor Shares"), then, as a condition to such Transfer, the Transferor
shall cause the Buyer to include an offer (the "Article III Offer") to each of
the Stockholders holding shares of the same class (and series) as the Transferor
Shares who are not Transferors (collectively, the "Offerees"), to sell to the
Buyer, at the option of each Offeree, that number of shares of the same class
(and series) of Restricted Securities (or Restricted Preferred Securities) as
the Transferor, determined in accordance with Section 3.1(b), on the same terms
and conditions as are applicable to the Transferor Shares. (For purposes of this
Section 3.1, shares of all classes and series of Common Stock together with
Equity Equivalents (on an as-if-converted basis), shall be deemed one and the
same class and series of Common Stock.) The Transferor shall provide a written
notice (the "Inclusion Notice") of the Article III Offer to each Offeree, which
may accept the Article III Offer by providing a written notice of acceptance of
the Article III Offer to the Transferor within thirty (30) days after delivery
of the Inclusion Notice.

                  (b)      Each Offeree shall have the right (an "Inclusion
Right") to sell pursuant to the Article III Offer a Pro Rata number of its
shares of Restricted Securities or Restricted Preferred Securities (as the case
may be) as is sold by the Transferor (to the extent the Transferor's securities
are subject to the Inclusion Right). Any Offeree which owns Equity Equivalents
may sell pursuant to the Article III Offer, in lieu of shares of Common Stock,
Equity Equivalents representing that number of shares of Common Stock which it
could sell pursuant to its Inclusion Right and the purchase price therefor shall
equal the aggregate price that would be paid for the shares of Common Stock
issuable upon the exercise, exchange or conversion thereof minus the aggregate
exercise, exchange or conversion price under such Equity Equivalent for such
shares of Common Stock.

         3.2      ARTICLE III SALES.

                  (a)      Upon its exercise of an Inclusion Right, each Offeree
shall, within a reasonable period prior to the closing of such Article III Sale,
deliver to the Transferor a certificate or certificates representing the shares
of Restricted Securities and/or Restricted Preferred Securities to be sold or
otherwise disposed of pursuant to the Article III Offer by such Offeree, free
and clear of all Liens, and a limited power-of-attorney authorizing the
Transferor to sell or otherwise dispose of such shares of Restricted Securities
and/or Restricted Preferred Securities pursuant to the terms of the Article III
Offer, provided, however, that in the event that the purchase and sale of
Restricted Securities or Restricted Preferred Securities contemplated by the
Article III Offer is not completed, such certificate(s) and power-of-attorney
shall be returned to the Offeree in accordance with Section 3.2(c) promptly upon
request by the Offeree.

                                       24
<PAGE>   29

                  (b)      The Transferor shall have until one hundred twenty
(120) days commencing on the expiration of the 30 day period following delivery
of the Inclusion Notice, in which to sell or otherwise dispose of, on behalf of
itself and the Offerees, up to the number of shares of Restricted Securities
and/or Restricted Preferred Securities covered by the Article III Offer (and the
number of Transferor Shares) to the Buyer. If all such shares are not sold to
the Buyer, the Transferor, at its option, may elect to sell on behalf of itself
and the Offerees such number of shares as the Buyer will purchase, Pro Rata
among the Transferee and each Offeree, as nearly as practicable. The material
terms of such sale, including, without limitation, price and form of
consideration, shall be as set forth in the Inclusion Notice. If at the end of
such 120-day period the Transferor has not completed the sale or other
disposition of all the Transferor Shares and all the Offerees' Restricted
Securities and/or Restricted Preferred Securities (if any) proposed to be sold
to the Buyer, the Transferor shall return to each of the Offerees its respective
certificates, if any, representing shares of Restricted Securities and/or
Restricted Preferred Securities which the Offerees delivered for sale or other
disposition pursuant to this Article III and which were not sold pursuant
thereto and the provisions of this Article III shall continue to be in effect.

                  (c)      Promptly after the consummation of the sale or other
disposition of the Transferor Shares and Restricted Securities and/or Restricted
Preferred Securities of the Offerees to the Buyer pursuant to the Article III
Offer, the Transferor shall notify the Offerees thereof, and the Buyer shall pay
to the Transferor and each of the Offerees their respective portions of the
sales price of the Restricted Securities and/or Restricted Preferred Securities
sold or otherwise disposed of pursuant thereto, and shall furnish such other
evidence of the completion of such sale or other disposition and the terms
thereof as may be reasonably requested by the Offerees.

                  (d)      Notwithstanding anything to the contrary contained in
this Article III, except for the Transferor's obligation to return to each
Offeree any certificates representing the Offerees' Restricted Securities or
Restricted Preferred Securities, there shall be no liability on the part of the
Transferor to any Stockholder in the event that the proposed sale pursuant to
this Article III is not consummated for whatever reason. Whether a sale of
Restricted Securities or Restricted Preferred Securities is effected pursuant to
this Article III by the Transferor is in the sole and absolute discretion of the
Transferor.

                                   ARTICLE 4

                            REPURCHASE OF SECURITIES

         4.1      SALE EVENT.

                  (a)      In the event that any Management Stockholder or any
Additional Management Stockholder shall cease to be employed by (or in the case
of any non-employee ceases to be a director of) the Company or any of its
Subsidiaries for any reason, including death, permanent disability, termination
for Cause or without Cause, voluntary termination, retirement or otherwise (such
cessation of employment or

                                       25
<PAGE>   30
directorship being referred to herein as a "Sale Event"), but in each case
subject to Section 4.4, such Management Stockholder (or his personal
representative) or such Additional Management Stockholder (or his personal
representative) shall promptly notify (the "Sale Event Notice") the Company and
the Institutional Stockholders of the applicable Sale Event.

                  (b)      If such Sale Event is with respect to a Miller
Stockholder, within ninety (90) days after the Institutional Stockholders'
receipt of the Sale Event Notice, each of the Institutional Stockholders may, at
its option, elect to purchase an amount of Management Securities as follows: (x)
if Restricted Securities, up to such amount so that, upon such purchase, the
Institutional Stockholders' Original Ownership Level Ratio would be equal to
46.54% and (y) if Restricted Preferred Securities, up to such amount so that,
upon such purchase, the Institutional Stockholders Series A Preferred Original
Ownership Level Ratio would be equal to 50%, in each case calculated as if such
purchase had been in effect on the Original Closing Date and without giving
effect to any Transfer of Restricted Securities or Restricted Preferred
Securities by an Institutional Stockholder other than to the Miller
Stockholders, exercisable by written notice (a "Sale Event Purchase Notice")
delivered to such Management Stockholder (or his personal representative) (with
copies thereof to the Company) and his respective Permitted Transferees who hold
Management Securities which are attributable to the Management Stockholder whose
employment or directorship has ceased (collectively, the "Sellers"). Upon the
giving of a Sale Event Purchase Notice, the Sellers shall be obligated to sell
to the Institutional Stockholders those Management Securities which are
designated in the Sale Event Purchase Notice; provided, however, that in the
event a Sale Event Notice is not given, a Sale Event Purchase Notice may in any
event be given at any time following a Sale Event. The time periods set forth
herein and in Sections 4.1(c) and (d) below shall be tolled for the duration of
any suspension period under Section 4.4 hereof and the remaining balance of any
such time period shall re-commence as of the end of any such suspension period.

                  (c)      Subject to Section 4.1(b), within ninety (90) days
after the later of the Company's receipt of the Sale Event Notice or the Sale
Event Purchase Notice, if applicable and given, the Company or, at the option of
the Company, any present or future employee or director of the Company or any of
its Subsidiaries who shall have been designated by the Board acting by an
Institutional Affirmative Board Vote (subject to the same qualification
applicable to a Significant Transaction under Section 5.4) (a "Company
Designee") may, at its option, elect to purchase the Securities described in the
next sentence of this Section 4.1(c), exercisable by written notice (a "Purchase
Notice") delivered to each of the Sellers (with a copy to the Institutional
Stockholders). Upon the giving of such notice, the Sellers shall be obligated to
sell to the Company or the Company Designee those Management Securities (whether
Vested Shares or Unvested Shares) of the Sellers which are designated in the
Purchase Notice (but in no event in an amount in excess of the total number of
Management Securities less any Management Securities that the Institutional
Stockholders have elected to purchase pursuant to Section 4.1(b)); provided,
however, that in the event a Sale Event Notice is not given, a Purchase Notice
(or notice from the Institutional Stockholders as described in Section 4.1(d))
may in any event be given at any time following a Sale Event.

                                       26
<PAGE>   31

                  (d)      To the extent the Company or any Company Designee
fails to deliver a Purchase Notice or otherwise does not purchase all of the
Management Securities then owned by the Sellers, the Institutional Stockholders
may, at their option, exercisable by written notice delivered to the Sellers
within fifteen (15) days after delivery of the Purchase Notice (or (x) one
hundred (100) days after the Sale Event Notice, if no Sale Event Purchase Notice
may be given by the Institutional Stockholders, or (y) one hundred ninety (190)
days after the Sale Event Notice, if a Sale Event Notice may be given, but no
Purchase Notice is given by Company or any Company Designee), on a Pro Rata
basis (and including on such Pro Rata basis with respect to the number of Vested
Shares or Unvested Shares purchasable by each such Person) purchase the
Management Securities not so purchased by the Institutional Stockholders and the
Company pursuant to Sections 4.1(b) and (c) which are designated in such written
notice from the Institutional Stockholders.

         4.2      PURCHASE PRICE. The purchase price for each share of
Management Securities to be purchased pursuant to Section 4.1 shall be as set
forth below (and such purchase price may be paid at the election of the Company
in cash or by a Management Note in an aggregate principal amount equal to such
purchase price):

                  (a)      as to each Vested Share (provided that the Sale Event
did not occur as a result of a termination for Cause), the Fair Market Value
thereof as of the date of the Sale Event,

                  (b)      as to each Unvested Share, and each Vested Share (if
the Sale Event occurred as a result of a termination for Cause), the lower of
(x) the Fair Market Value thereof as of the date of the Sale Event or (y) the
Original Cost thereof, and

                  (c)      as to each Restricted Preferred Security, the stated
value thereof together with accrued and unpaid dividends thereon as of the date
of the Sale Event.

Notwithstanding anything to the contrary contained herein, no provision of this
Agreement shall prevent or otherwise restrict the Board acting by an
Institutional Affirmative Board Vote (subject to the same qualification
applicable to a Significant Transaction under Section 5.4) from determining (in
its discretion) (i) that the Company will purchase Management Securities from
Management Stockholders or Additional Management Stockholders pursuant to
Section 4.1 at a price per share in excess of the purchase price specified in
this Section 4.2, (ii) that in connection with a retirement of a Management
Stockholder or Additional Management Stockholder at or after normal retirement
age all or any part of such Stockholder's Unvested Shares may be treated as
Vested Shares by the Company for purposes of this Section 4.2 or (iii) that a
Management Stockholder's or Additional Management Stockholder's Management
Securities may not be repurchased pursuant to this Article IV by the Company or
the Institutional Stockholders.

                                       27
<PAGE>   32

         4.3      CLOSING.

                  (a)      Subject to Section 4.4, the closing for all purchases
and sales of Management Securities provided for in this Article IV shall be held
at the principal executive offices of the Company at 10:00 a.m., local time, on
the 30th day after the determination of the purchase price in respect thereof
determined in accordance with Section 4.2 or at such other date and time as
shall have been designated by the Board (acting by an Institutional Affirmative
Board Vote (subject to the same qualification applicable to a Significant
Transaction under Section 5.4) and the Seller); provided, however, that if any
Seller who has become obligated to sell Management Securities is deceased on
such 30th day as aforesaid and such deceased person's personal representative
shall not have been appointed and qualified by such date, then unless otherwise
agreed to as provided above, the closing shall be postponed until the earlier of
(i) the 10th day after the appointment and qualification of such personal
representative and (ii) ninety (90) days following the death of such Seller.

                  (b)      All Management Securities to be sold pursuant to this
Article IV shall be delivered to the purchaser at the aforesaid closing free and
clear of all Liens. The purchaser will be entitled to receive customary
representations as to title, authority and capacity to sell and to require a
guaranteed signature of the Seller, as applicable. Each Seller hereby appoints
the Company as attorney-in-fact to transfer such Management Securities on the
books of the Company in the event of a sale pursuant to this Article IV. Such
Sellers shall take all such actions as the Company or any other purchaser shall
request as necessary to vest in the Company or any other purchaser at such
closing good title to such Management Securities, free and clear of all Liens.

         4.4      POSTPONEMENT. Notwithstanding anything to the contrary
contained herein, in the event a purchase (or the payment of the purchase price)
by the Company pursuant to this Article IV would:

                  (a)      violate or conflict with any statute, rule,
injunction, regulation, order, judgment or decree applicable to the Company or
any of its Subsidiaries or by which any of them or their respective properties
is bound or affected,

                  (b)      result in a change of control under, any breach of,
or constitute a default (or an event which with notice or lapse of time, or
both, would become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, or result in the
creation of a Lien on any of the property or assets of the Company or any of its
Subsidiaries pursuant to any note, bond, mortgage, indenture, contract,
agreement, lease, license, franchise or other instrument or obligation to which
the Company or any of its Subsidiaries is a party or by which any of their
respective properties is bound or affected or

                  (c)      in the judgment of the Board, jeopardize the
financial condition of the Company or otherwise have a material adverse effect
on the business, condition (financial or otherwise), results of operations or
assets or properties of the Company,

                                       28
<PAGE>   33

then, upon the delivery by the Company of notice of suspension under this
Section 4.4 to each of the Sellers, the rights of the Company to purchase the
Management Securities of the Sellers with respect to whom the Sale Event has
occurred pursuant to this Article IV shall be suspended until the earlier of, in
the case of clauses (a) or (b) above, the date which falls thirty (30) days
following such time as such prohibition first lapses or is waived and no such
default would be caused, and in the case of clause (c) above, the date which
falls thirty (30) days following such time as the Board determines that such
purchase (or payment of the purchase price) would no longer jeopardize the
financial condition of the Company or otherwise have a material adverse effect
on the business, condition (financial or otherwise), results of operations or
assets or properties of the Company. For the purposes of this Section 4.4 only,
the date determined under the preceding sentence shall be deemed to be the date
of the relevant Sale Event for purposes of the purchase and sale of Management
Securities pursuant to this Article IV.

                                   ARTICLE 5

                              CORPORATE GOVERNANCE

         5.1      BOARD OF DIRECTORS.

                  (a)      From and after the date hereof, each of the
Stockholders shall vote or cause to be voted all of its shares of voting Common
Stock (as described below), at any regular or special meeting of stockholders
called for the purpose of filling positions on the Board, or shall execute a
written consent in lieu of such a meeting of stockholders for the purpose of
filling positions on the Board, and shall take all actions necessary, to ensure
that the Board consists of no less than five (5) and no greater than seven (7)
members as follows:

                           (i)   no less than three (3) and no greater than four
         (4) individuals (individually, an "Institutional Director," and
         collectively, the "Institutional Directors") to be designated by the
         Institutional Stockholders for so long as they own Common Stock;
         provided, that, at any time, and from time to time, the Institutional
         Stockholders, in their sole discretion, may determine not to designate
         any or all of the Institutional Directors;

                           (ii)  one (1) individual (the "Management Director")
         to be designated by the Management Stockholders for so long as they own
         Management Securities who shall be the Chief Executive Officer of the
         Company or Chief Operating Officer of the Company, as the case may be;
         and

                           (iii) two (2) individuals (individually, a
         "Disinterested Director" and collectively, the "Disinterested
         Directors"), each of whom is not (A) an Affiliate, employee, director
         or agent of any Institutional Stockholder, (B) employed by the Company
         or any Subsidiary of the Company or (C) a Stockholder or an Affiliate
         of any Stockholder; provided, however, that any of the requirements
         contained in (A), (B) or (C) above may be waived with the written

                                       29
<PAGE>   34

         consent of the Institutional Stockholders. Such Disinterested Directors
         shall be designated by the Nominating Committee;

provided, however, that (x) effective as of the date hereof, the Board shall
consist of the individuals set forth on Exhibit D hereto in the categories shown
thereon and (y) the Stockholders shall cause the Institutional Directors, the
Disinterested Directors and the Management Director named thereon to be
designated and elected as directors. The Nominating Committee shall consist of
two (2) Institutional Directors and one (1) Disinterested Director
(collectively, the "Nominating Committee"), and upon the Closing the Nominating
Committee shall consist of the individuals set forth on Exhibit C hereto in the
categories shown thereon. The Nominating Committee shall act by majority vote,
provided that, if for any reason there shall be less than three (3) directors on
the Nominating Committee, it shall act by the unanimous vote of the remaining
director(s) on the Nominating Committee. In the event that the Institutional
Stockholders do not designate at least two of the Institutional Directors, the
Nominating Committee will select one (1) additional Disinterested Director who
shall serve on the Nominating Committee which will then consist of two (2)
Disinterested Directors.

                  (b)      If, prior to his election to the Board pursuant to
Section 5.1(a), any person shall be unable or unwilling to serve as a director
of the Company, the group of Stockholders or Nominating Committee who designated
such person shall be entitled to designate a replacement.

                  (c)      If at any time any Person designated as an
Institutional Director or any Disinterested Director is not then serving as a
director of the Company, upon the written request of the Institutional
Stockholders, the Stockholders shall promptly take all action necessary or
appropriate to elect individuals designated by the Institutional Stockholders
(in the case of any Institutional Director) and by the Nominating Committee (in
the case of any Disinterested Director) to serve as directors from and after the
time of such request.

         5.2      REMOVAL. If:

                  (a)      the Institutional Stockholders request that an
Institutional Director elected as a director be removed (with or without cause),
by written notice to the other Stockholders;

                  (b)      the Management Stockholders request that the
Management Director elected as a director be removed (with or without cause), by
written notice to the other Stockholders;

                  (c)      the Nominating Committee requests that a
Disinterested Director elected as a director be removed (with or without cause)
by written notice to the other Stockholders, or such director ceases to qualify
as a Disinterested Director; or

                  (d)      a Management Director ceases to qualify as a
Management Director;

                                       30
<PAGE>   35

then in each such case, such director shall be removed and each Stockholder
agrees to vote all shares of Common Stock owned by such Stockholder and other
securities over which such Stockholder has voting control to effect such removal
or to consent in writing to effect such removal upon such request

         5.3      VACANCIES. In the event that a vacancy is created on the Board
at any time by the death, disability, retirement, resignation or removal (with
or without cause) of a director, each Stockholder agrees to vote all shares of
Common Stock owned by such Stockholder and other securities over which such
Stockholder has voting control for the individual designated to fill such
vacancy by whichever of the Stockholders or Nominating Committee designated
and/or approved (pursuant to Section 5.1 hereof) the director whose death,
disability, retirement, resignation or removal (with or without cause) resulted
in such vacancy on the Board in the manner set forth in Section 5.1 hereof;
provided, however, that such other individual so designated may not previously
have been a director of the Company who was removed for cause from the Board.

         5.4      SPECIAL APPROVAL RIGHTS. In addition to any other action
requiring an Institutional Affirmative Board Vote, so long as the Institutional
Stockholders have the right to designate directors under Section 5.1(a), an
Institutional Affirmative Board Vote shall be required prior to the Company or
any of its Subsidiaries entering into a Significant Transaction.

         5.5      COMMITTEES OF THE BOARD; SUBSIDIARY BOARDS. For so long as the
Board shall be comprised of the individuals contemplated by Section 5.1, unless
otherwise agreed to in writing by the Institutional Stockholders, the
Stockholders shall take all action necessary or appropriate to cause the Company
to have a compensation and an audit committee of the Board.

         5.6      OBSERVER'S RIGHTS.

                  (a)      In the event the Institutional Stockholders elect not
to exercise, or are prohibited by applicable law from exercising, their rights
to designate the Institutional Directors, or once appointed, the Institutional
Stockholders desire to remove all of the Institutional Directors, the
Institutional Stockholders shall have the right to have one (1) individual
(each, an "Observer") attend any meeting of the Board or any committee thereof.
In addition, the Institutional Stockholders shall have the right to appoint an
Observer to the board of directors of any Subsidiary in lieu of designating a
director thereto as provided by Section 5.5.

                  (b)      An Observer shall not have the right to vote on any
matter presented to the Board of Directors or the board of directors of any
Subsidiary or any committee thereof. The Company shall give each Observer
written notice of each meeting thereof at the same time and in the same manner
as the members of the relevant Board or board of directors of any Subsidiary or
such committee thereof receive notice of such meetings, and the Company shall
permit each Observer to attend as an observer at all meetings thereof; provided,
however, that in the case of telephonic meetings, such

                                       31
<PAGE>   36

Observer need receive only actual notice thereof at the same time and in the
same manner as notice is given to the directors.

                  (c)      Each Observer shall be entitled to receive all
written materials and other information given to the directors in connection
with such meetings at the same time such materials and information are given to
the directors, and each Observer shall keep such materials and information
confidential. If the Company (or any Significant Subsidiary) proposes to take
any action by written consent in lieu of a meeting of its board of directors,
the Company (or such Significant Subsidiary) shall give written notice thereof
to each Observer prior to the effective date of such consent describing the
nature and substance of such action.

         5.7      ACTION BY WRITTEN CONSENT OF STOCKHOLDERS. The parties hereto
agree that whenever any action is proposed to be taken by Stockholders without a
meeting, the Stockholders proposing to act by such consent shall, or shall cause
the Company to, give the Institutional Stockholders at least seven (7) days'
prior written notice (or such shorter notice period as is agreed to in writing)
of such proposed action specifying the action to be taken and the purpose
thereof (such notice requirement shall be deemed satisfied by execution of such
consent by Institutional Stockholders which hold in the aggregate more than
fifty percent (50%) of the shares of Common Stock on a Fully-Diluted Basis held
by all Institutional Stockholders).

         5.8      DESIGNATION OF PROXY. In order to secure the performance of
the agreements set forth in the provisions of this Article V and in addition to
and not in lieu of Sections 5.1 through 5.3 hereof, each of the Management
Stockholders and Additional Management Stockholders hereby (i) grants to each of
the Chief Executive Officer of the Company and the Chief Financial Officer of
the Company, as the case may be, or any successor Chief Executive Officer of the
Company or Chief Financial Officer of the Company, as the case may be (the
"Management Representative"), an irrevocable proxy (which proxy is coupled with
an interest) to vote at any annual or special meeting of stockholders, or to
take action by written consent in lieu of such meeting with respect to, all of
the shares of Common Stock owned or held of record by such Management
Stockholder or Additional Management Stockholder solely for (a) the election of
directors designated in accordance with Section 5.1, (b) the removal of
directors in accordance with Section 5.2 and (c) the election of a director to
fill any vacancy on the Board in accordance with Section 5.3 and (ii) agrees to
enter into any agreement in the future necessary to effectuate the granting of
such proxy. Such proxy shall be in effect with respect to each share of Common
Stock owned or held of record by a Management Stockholder or Additional
Management Stockholder until such time as such Management Stockholder or
Additional Management Stockholder no longer owns or is the record holder of such
share.

         5.9      DESIGNATION OF PROXY IN FAVOR OF COURT SQUARE. Each of the
Institutional Stockholders hereby (i) grants to Court Square an irrevocable
proxy (which proxy is acknowledged by such Stockholder to be coupled with an
interest) to vote at any annual or special meeting of stockholders, or to take
action by written consent in lieu of such meeting with respect to, all of the
shares of Common Stock owned or held of record

                                       32
<PAGE>   37

by such Institutional Stockholder solely for (a) the election of directors
designated in accordance with Section 5.1, (b) the removal of directors in
accordance with Section 5.2 and (c) the election of a director to fill any
vacancy on the Board in accordance with Section 5.3 and (ii) agrees to enter
into any agreement in the future necessary to effectuate the granting of such
proxy. Such proxy shall be in effect with respect to each share of Common Stock
owned or held of record by an Institutional Stockholder until such time as such
Institutional Stockholder no longer owns or is the record holder of such share.

                                   ARTICLE 6

                        CERTAIN COVENANTS OF THE PARTIES

         6.1      REGISTRATION. In the event of a registration by the Company of
Common Stock under the Securities Act, each Stockholder shall, if requested by
the Institutional Stockholders, at a meeting convened for the purpose of
amending the Certificate of Incorporation and the By-laws of the Company, vote
(in each case as recommended by the Board by Institutional Affirmative Board
Vote):

                           (i)   to increase the authorized shares of any or all
         classes of the Company's Common Stock and if necessary or desirable,
         change the par value of any class or series of Common Stock or change
         the number of issued and outstanding shares of any class or series of
         Common Stock whether by stock split, stock dividend, reclassification,
         combination or the like; and

                           (ii)  to amend, modify or repeal provisions of the
         Certificate of Incorporation or By-laws of the Company (subject to the
         rights and privileges set forth in the terms of the Series A Preferred)
         to the extent such amendments, modifications or repeals are customary
         and reasonably necessary in order to facilitate such registration.

         6.2      MANAGEMENT STOCKHOLDERS; ADDITIONAL STOCKHOLDERS. The parties
hereto agree that as a condition precedent to the issuance by the Company of
shares of Common Stock, Series A Preferred or of Equity Equivalents (a) to any
employee or director of the Company or its Subsidiaries or (ii) to any Person
other than any such employee or director, any Institutional Stockholder, any
Management Stockholder or any Additional Management Stockholder, the Company
shall require such employee or director or other Person to execute and deliver
to the Company a Joinder Agreement and thereby enter into and become a party to
this Agreement. From and after such time, the term "Additional Management
Stockholder" shall be deemed to include such employees and directors and the
term "Additional Stockholder" shall be deemed to include such other Person.
Nothing contained herein nor the ownership of any Restricted Securities or
Restricted Preferred Securities shall confer upon any Management Stockholder or
Additional Management Stockholder the right to employment or to remain in the
employ of the Company or any of its Subsidiaries. Notwithstanding the foregoing,
to the extent approved by an Institutional Affirmative Board Vote and specified
in any Joinder Agreement (or amendment thereto) pursuant to which any employee
or director who is

                                       33
<PAGE>   38

deemed to be an Additional Management Stockholder may become a party hereto or
in any other writing between such Person and the Company, the provisions of this
Agreement may be varied to be more or less restrictive with respect to any
Additional Management Stockholder.

         6.3      STOCKHOLDER LIST; CERTAIN NOTICES. Upon the request of any
Institutional Stockholder, the Company shall deliver promptly to such
Institutional Stockholder a list setting forth the names of all Stockholders and
the number of shares of Common Stock and Equity Equivalents owned by each
Stockholder. In addition, the Company shall give each of the Institutional
Stockholders written notice of (a) the conversion of any shares of any class of
Common Stock or Equity Equivalents and (b) any record transfer of Restricted
Securities or Restricted Preferred Securities, setting forth the name of the
transferee and the number and type of Restricted Securities or Restricted
Preferred Securities being so transferred.

         6.4      REGULATORY COMPLIANCE OR ACCOUNTING DETERMINATION COOPERATION.

                  (a)      Before the Company redeems, purchases or otherwise
acquires, directly or indirectly, or converts or takes any action with respect
to the voting rights of, any shares of any class of its capital stock or any
securities convertible, exchangeable or exercisable for or into any shares of
any class of its capital stock, the Company will give written notice of such
pending action to the Institutional Stockholders. Upon the written request of
any Institutional Stockholder made within seven (7) days after its receipt of
any such notice, stating that after giving effect to such action such
Institutional Stockholder would have a Regulatory Problem (as defined below) or
an Accounting Determination, the Company will defer taking such action for such
period (not to extend beyond forty-five (45) days after such Institutional
Stockholder's receipt of the Company's original notice) as such Institutional
Stockholder requests to permit it and its Affiliates to reduce the quantity of
securities owned by them in order to avoid the Regulatory Problem or Accounting
Determination, as applicable. In the event the Company or any Institutional
Stockholder is precluded from taking any action under this Agreement within any
allotted period of time as a consequence of this Section, such period of time
shall be extended by the number of days during which the Company or such
Institutional Stockholder is precluded from acting.

                  (b)      In the event that any Institutional Stockholder
determines in its good faith reasonable judgment that it has a Regulatory
Problem (as defined below) or an Accounting Determination, as applicable, the
Company agrees to take all such actions as are reasonably requested by such
Institutional Stockholder in order to effectuate and facilitate any Transfer by
such Institutional Stockholder of any securities of the Company then held by
such Institutional Stockholder to any Person designated by such Institutional
Stockholder, it being understood that Transfers pursuant to this subsection
shall only be for that quantity of the securities of the Company as is
reasonably deemed necessary by such Institutional Stockholder to remedy such
Regulatory Problem or an Accounting Determination, as applicable, and that such
Transfer is to be at the expense of such Institutional Stockholder and be
subject to all other provisions of the Stockholders' Agreement.

                                       34
<PAGE>   39

                  (c)      For purposes of this Agreement, "Regulatory Problem"
means (i) the Institutional Stockholder's investment in the Common Stock exceeds
any limitation to which it is subject, or is otherwise not permitted, under any
law, rule or regulation of any governmental authority (including any position to
that effect taken by such governmental authority), or (ii) restrictions are
imposed on the Institutional Stockholder as a result of any law, regulation,
rule or directive (whether or not having the force of law) of any governmental
or regulatory authority which, in the reasonable judgment of the Institutional
Stockholder, make it illegal or unduly burdensome for the Institutional
Stockholder to continue to hold such Common Stock.

         6.5      PURCHASER REPRESENTATIVES. If the Company enters into any
negotiation or transaction involving the issuance of securities of another
Person to the Stockholders for which Rule 506 (or any similar rule then in
effect) promulgated under the Securities Act by the Commission may be available
with respect to such negotiation or transaction (including a merger,
consolidation or other reorganization) each Management Stockholder and
Additional Stockholder (if an individual) will, at the request of the Company,
appoint a purchaser representative (as such term is defined in Rule 501 under
the Securities Act) reasonably acceptable to the Company. If any such Management
Stockholder or Additional Stockholder appoints the purchaser representative
designated by the Company, the Company will pay the fees of such purchaser
representative, but if any such Management Stockholder or Additional Stockholder
declines to appoint the purchaser representative designated by the Company, such
Management Stockholder or Additional Stockholder will appoint, at his own
expense, another purchaser representative reasonably acceptable to the Company.

         6.6      CONFIDENTIALITY. Each Stockholder agrees to use only in a
manner consistent with its status as a Stockholder and not in furtherance of any
other unrelated business purpose, any information which it may receive from, or
at the direction of, the Company with respect to the financial condition,
business or operations of the Company or any Subsidiary, and to hold such
information in confidence, except for disclosures (a) to its lenders and to its
legal counsel, accountants, and other professional advisors, (b) as required by
law, regulation or legal process or the rules of any stock exchange, (c) in
accordance with the prior written consent of the Company, (d) to its Affiliates
and their directors, officers, employees and professional advisors and (e) to
any prospective purchaser of Restricted Securities, Preferred Restricted
Securities or Debentures which agrees to keep such information confidential. The
information subject to the restrictions set forth in this Section 6.7 shall not
include information which (i) becomes generally available to the public other
than as a result of a disclosure by any Stockholder, or any Affiliate thereof
(other than the Company or its Subsidiaries) or representatives, (ii) was
available to a Stockholder on a non-confidential basis prior to its disclosure
by the Company, a Subsidiary or their representatives or (iii) becomes available
to a Stockholder on a non-confidential basis from a source other than the
Company, a Subsidiary or their representatives provided, that such source is not
bound by a confidentiality agreement with the Company, a Subsidiary or their
representatives.

                                       35
<PAGE>   40

         6.7      FINANCIAL REPORTING COVENANTS. The Company agrees to comply
with the financial reporting requirements of the Company required by the
Subscription Agreements.

                                   ARTICLE 7

                                  MISCELLANEOUS

         7.1      GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without giving
effect to any choice of law or conflict of law provision or rule that would
cause the application of the laws of any jurisdiction other than the State of
New York, except to the extent that the General Corporation Law of the State of
Delaware applies as a result of the Company being incorporated in the State of
Delaware, in which case such General Corporation Law shall apply.

         7.2      ENTIRE AGREEMENT; AMENDMENTS. This Agreement (when read in
conjunction with the applicable Stockholder's subscription agreement)
constitutes the entire agreement of the parties with respect to the subject
matter hereof and this Agreement may be amended, modified or supplemented only
by a written instrument duly executed by the Company and the Institutional
Stockholders, except that (a) any amendment, modification or supplement that
materially, adversely and disproportionately affects the Management Stockholders
or the Additional Stockholders, as the case may be, as a group shall require the
consent of the Management Stockholders or the Additional Stockholders,
respectively, and (b) any amendment, modification or supplement that
disproportionately affects less than all of the Management Stockholders or the
Additional Stockholders, as the case may be, shall require the consent of the
Management Stockholders or the Additional Stockholders so affected. In the event
of an amendment, modification or supplement of this Agreement in accordance with
its terms, the Stockholders shall take all action necessary or appropriate,
within thirty (30) calendar days following such amendment, modification or
supplement, or as soon thereafter as is practicable, to cause the adoption of
any amendment to the Certificate of Incorporation and By-Laws of the Company
that may be required as a result of such amendment, modification or supplement
to this Agreement. The Stockholders hereby agree to vote their shares of
Restricted Securities and Restricted Preferred Securities to approve such
amendments to the Certificate of Incorporation and By-Laws of the Company.

         7.3      TERM. Except as provided below in this Section 7.3, this
Agreement shall automatically and without further action terminate upon the
earliest to occur of (i) a Qualifying Offering and (ii) a Sale of the Company;
provided that upon the occurrence of a Qualifying Offering and prior to the
occurrence of a Sale of the Company, the provisions of Article IV and Article
VII and the prohibition on transfer by any Management Stockholder or Additional
Management Stockholder of any Unvested Shares set forth in the second proviso to
Section 2.4(a) shall continue in full force and effect (together with related
definitions).

                                       36
<PAGE>   41

         7.4      CERTAIN ACTIONS. Unless otherwise expressly provided herein,
whenever any action is required under this Agreement by:

                  (a)      the Institutional Stockholders (as a group, as
opposed to the exercise by an Institutional Stockholder of its individual rights
hereunder), it shall be by the affirmative vote of the holders of Common Stock
representing more than fifty percent (50%) of the Common Stock on a
Fully-Diluted Basis then held by the Institutional Stockholders as a group or as
otherwise agreed in writing by the Institutional Stockholders as a group;

                  (b)      the Management Stockholders (and Additional
Management Stockholders), it shall be by the Management Representative; or

                  (c)      the Additional Stockholders (as a group, as opposed
to the exercise by an Additional Stockholder of its individual rights
hereunder), it shall be by the affirmative vote of the holders of Common Stock
representing more than fifty percent (50%) of the Common Stock on a
Fully-Diluted Basis then held by the Additional Stockholders as a group.

         7.5      INSPECTION. For so long as this Agreement shall remain in
effect, this Agreement shall be made available for inspection by any Stockholder
at the principal executive offices of the Company, except that the Company may
elect to maintain confidentiality over any portion of any exhibits, schedules or
annexes which show the stock ownership of any Management Stockholder or
Additional Management Stockholder.

         7.6      COMPLIANCE WITH REGULATIONS. Whenever a Stockholder is
entitled to purchase Restricted Securities or Restricted Preferred Securities
pursuant to the provisions of this Agreement, any closing time period specified
in such provision shall be tolled until any necessary governmental approval is
received, including without limitation approval under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended and the rules and regulations
promulgated thereunder; provided, that such tolling period shall not exceed
sixty (60) days.

         7.7      WAIVER. No waiver by any party of any term or condition of
this Agreement, in one or more instances, shall be valid unless in writing, and
no such waiver shall be deemed to be construed as a waiver of any subsequent
breach or default of the same or similar nature.

         7.8      SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided
herein, this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective heirs, personal representatives, successors
and permitted assigns (including without limitation transferees of Restricted
Securities and Restricted Preferred Securities); provided, however, that:

                  (a)      nothing contained herein shall be construed as
granting any Stockholder the right to Transfer any of its Restricted Securities
or Restricted Preferred Securities except in accordance with this Agreement,

                                       37
<PAGE>   42

                  (b)      any Third Party which acquires Restricted Securities
or Restricted Preferred Securities in accordance with Section 2.5 or Article III
shall be bound by the provisions of this Agreement as an Additional Stockholder
with respect to such Restricted Securities or Restricted Preferred Securities
whether or not such Third Party acquired such Restricted Securities or
Restricted Preferred Securities from an Institutional Stockholder, Management
Stockholder, Additional Management Stockholder or Additional Stockholder, except
that the provisions of Article IV shall not apply to the Restricted Securities
or Restricted Preferred Securities of such Third Party (unless such Third Party
is also an employee or director of the Company or any of its Subsidiaries),

                  (c)      none of the provisions of this Agreement shall apply
to any Transfer of Restricted Securities or Restricted Preferred Securities
subsequent to a Transfer pursuant to a registered public offering under the
Securities Act made in accordance with the Securities Act or in a Rule 144
Transaction, and

                  (d)      notwithstanding any Transfer of Restricted Securities
or Restricted Preferred Securities by an Institutional Stockholder, Management
Stockholder, Additional Management Stockholder or Additional Stockholder to
another Stockholder, only the provisions of this Agreement which are expressly
applicable to such transferee Stockholder of such Restricted Securities or
Restricted Preferred Securities shall be applicable to such Stockholder and to
the Restricted Securities or Restricted Preferred Securities in the hands of
such transferee Stockholder.

         7.9      REMEDIES. In the event of a breach by any party to this
Agreement of its obligations under this Agreement, any party injured by such
breach, in addition to being entitled to exercise all rights granted by law,
including recovery of damages and costs (including reasonable attorneys' fees),
will be entitled to specific performance of its rights under this Agreement. The
parties agree that the provisions of this Agreement shall be specifically
enforceable, it being agreed by the parties that the remedy at law, including
monetary damages, for breach of any such provision will be inadequate
compensation for any loss and that any defense in any action for specific
performance that a remedy at law would be adequate is waived. Such equitable
remedies and all other remedies are cumulative and not exclusive and shall be in
addition to any remedies which any party may have under this Agreement or
otherwise.

         7.10     INCOME TAX WITHHOLDING; TAXES.

                  (a)      Each Management Stockholder and Additional Management
Stockholder authorizes the Company to make any required withholding from such
Management Stockholder's or Additional Management Stockholder's compensation for
the payment of any and all income taxes and other sums that may be due any
governmental authority as a result of the receipt by the Management Stockholders
or the Additional Management Stockholders of compensation income under Section
83 of the Internal Revenue Code of 1986, as amended, or similar provisions of
state or local law, if required by applicable law, and agrees, if requested by
the Company, and in lieu of all or a portion of such withholding, to pay the
Company in a lump sum such amounts as the

                                       38
<PAGE>   43

Company may be required to remit to any governmental authority on behalf of the
Management Stockholder or the Additional Management Stockholder in respect of
any such taxes and other sums.

                  (b)      All transfer taxes due and owing on account of a
Transfer of Restricted Securities or Restricted Preferred Securities hereunder
shall be paid by the seller of such shares.

         7.11     INVALID PROVISIONS. If any provision of this Agreement is held
to be illegal, invalid or unenforceable under any present or future law, and if
the rights or obligations of any party hereto under this Agreement will not be
materially and adversely affected thereby, (a) such provision will be fully
severable, (b) this Agreement will be construed and enforced as if such illegal,
invalid or unenforceable provision had never comprised a part hereof, (c) the
remaining provisions of this Agreement will remain in full force and effect and
will not be affected by the illegal, invalid or unenforceable provision or by
its severance herefrom and (d) in lieu of such illegal, invalid or unenforceable
provision, there will be added automatically as a part of this Agreement a
legal, valid and enforceable provision as similar in terms to such illegal,
invalid or unenforceable provision as may be possible.

         7.12     HEADINGS. The headings used in this Agreement have been
inserted for convenience of reference only and do not define or limit the
provisions hereof.

         7.13     FURTHER ASSURANCES; SUBSIDIARIES. Each party hereto shall
cooperate and shall take such further action and shall execute and deliver such
further documents as may be reasonably requested by any other party in order to
carry out the provisions and purposes of this Agreement. Any provision herein
that by its terms requires a Subsidiary of the Company to take any action or
refrain from taking any action shall be interpreted to require the Company to
cause such Subsidiary to take such action or to refrain from taking such action,
respectively, to the fullest extent permitted by law.

         7.14     GENDER. Whenever the pronouns "he" or "his" are used herein
they shall also be deemed to mean "she" or "hers" or "it" or "its" whenever
applicable. Words in the singular shall be read and construed as though in the
plural and words in the plural shall be construed as though in the singular in
all cases where they would so apply.

         7.15     COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.

         7.16     PAYMENT. All payments hereunder shall be made in cash (or by
Management Note, as provided by Section 4.2 hereof), or by wire transfer of
immediately available funds, except that payments of amounts of less than
$500,000 may be by an official bank check.

                                       39
<PAGE>   44

         7.17     NOTICES.

                  (a)      All notices, requests and other communications
hereunder must be in writing and will be deemed to have been duly given only if
delivered personally against written receipt or by facsimile transmission or
mailed (by registered or certified mail, postage prepaid, return receipt
requested) or delivered by reputable overnight courier, fee prepaid to the
parties at the following addresses or facsimile numbers:

                           (i)      If to any Institutional Stockholder, to:

                                    Court Square Capital Limited
                                    399 Park Avenue - 14th Floor
                                    New York, New York 10043
                                    Facsimile No.:  212-888-2940
                                    Attn:  Michael A. Delaney

                                    with a copy to:

                                    Morgan, Lewis & Bockius LLP
                                    101 Park Avenue
                                    New York, New York 10178
                                    Facsimile No.:  212-309-6273
                                    Attn:  Philip H. Werner

                           (ii)     If to any Management Stockholder, to:

                                    MSX International, Inc.
                                    275 Rex Boulevard
                                    Auburn Hills, MI 48326
                                    Attn:  Chief Executive Officer

                                    with a copy to:

                                    MSX International, Inc.
                                    275 Rex Boulevard
                                    Auburn Hills, MI 48326
                                    Attn:  Chief Financial Officer

                                    and

                                    MSX International, Inc.
                                    275 Rex Boulevard
                                    Auburn Hills, MI 48326
                                    Attn: Vice President and General Counsel

                                       40
<PAGE>   45

                           (iii)    If to the Company, to:

                                    MSX International, Inc.
                                    275 Rex Boulevard
                                    Auburn Hills, MI 48326
                                    Attn:  Chief Executive Officer

                                    with copies to:

                                    Court Square Capital Limited
                                    399 Park Avenue - 14th Floor
                                    New York, New York 10043
                                    Facsimile No.:  212-888-2940
                                    Attn:  Michael A. Delaney

                                    and

                                    Morgan, Lewis & Bockius LLP
                                    101 Park Avenue
                                    New York, New York 10178
                                    Facsimile No.:  212-309-6273
                                    Attn:  Philip H. Werner

                           (iv)     If to any Additional Stockholder, to the
         address of such Person set forth in the stock records of the Company.

                  (b)      All such notices, requests and other communications
will be deemed delivered upon receipt. Any party from time to time may change
its address, facsimile number or other information for the purpose of notices to
that party by giving notice specifying such change to the other parties hereto
(subject to Section 7.4).

         7.18     SERVICE OF PROCESS. EACH OF THE PARTIES HERETO IRREVOCABLY
CONSENTS TO THE SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING BY THE MAILING OF
COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE PARTY AT
THE ADDRESS SPECIFIED IN THIS AGREEMENT, SUCH SERVICE TO BECOME EFFECTIVE
FIFTEEN (15) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL IN ANY WAY BE DEEMED
TO LIMIT THE ABILITY OF ANY PARTY HERETO TO SERVE ANY SUCH LEGAL PROCESS,
SUMMONS, NOTICES AND DOCUMENTS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW
OR TO OBTAIN JURISDICTION OVER OR TO BRING ACTIONS, SUITS OR PROCEEDINGS AGAINST
ANY OF THE OTHER PARTIES HERETO IN SUCH OTHER JURISDICTIONS, AND IN SUCH MANNER,
AS MAY BE PERMITTED BY ANY APPLICABLE LAW.

         7.19     WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES
ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF THIS AGREEMENT.

                                       41
<PAGE>   46

EACH OF THE PARTIES HERETO ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH
BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE REQUIRED OF SUCH PARTY. THE SCOPE OF
THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY
BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT,
INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY
CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH OF THE PARTIES
HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS
LEGAL COUNSEL, AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL
RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER
SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS
TO THIS AGREEMENT. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A
WRITTEN CONSENT TO A TRIAL BY THE COURT.

         7.20     WAIVER OF FIDUCIARY DUTIES; CORPORATE OPPORTUNITY.

                  (a)      INSTITUTIONAL STOCKHOLDERS AND THEIR RESPECTIVE
AFFILIATES SHALL HAVE NO DUTIES, COMMITMENTS, OBLIGATIONS OR COVENANTS,
EXPRESSED OR IMPLIED, OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT,
THE REGISTRATION RIGHTS AGREEMENT OR THE SUBSCRIPTION AGREEMENTS. EXCEPT AS SO
SET FORTH HEREIN AND THEREIN, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
THE INSTITUTIONAL STOCKHOLDERS SHALL NOT HAVE ANY FIDUCIARY OR SIMILAR DUTY, OR
ANY LIABILITY RELATING THERETO, TO THE COMPANY OR TO ANY OTHER STOCKHOLDERS (OR
ANY AFFILIATE OF THE COMPANY OR SUCH OTHER STOCKHOLDER) IN CONNECTION WITH THE
COMPANY OR THE COMPANY'S BUSINESS OR AFFAIRS, AND THE COMPANY, EACH STOCKHOLDER
AND EACH AFFILIATE OF SUCH STOCKHOLDER HEREBY WAIVES ANY CLAIM FOR BREACH OF
FIDUCIARY DUTY AGAINST ANY INSTITUTIONAL STOCKHOLDER OR ANY AFFILIATE OF ANY
INSTITUTIONAL STOCKHOLDER, AS THE CASE MAY BE, AND EACH STOCKHOLDER AGREES THAT
IT SHALL NOT TAKE ANY ACTION TO CAUSE THE COMPANY TO BRING ANY CLAIM FOR BREACH
OF FIDUCIARY DUTY AGAINST ANY INSTITUTIONAL STOCKHOLDER OR ANY AFFILIATE OF ANY
INSTITUTIONAL STOCKHOLDER, IN EACH CASE WITH RESPECT TO THE COMPANY OR THE
COMPANY'S BUSINESS OR AFFAIRS.

                  (b)      WITHOUT LIMITING THE GENERALITY OF 7.20(a) ABOVE, TO
THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DOCTRINE OF CORPORATE
OPPORTUNITY, OR ANY OTHER ANALOGOUS DOCTRINE, SHALL NOT APPLY WITH RESPECT TO
THE INSTITUTIONAL STOCKHOLDERS OR ANY OF THEIR RESPECTIVE AFFILIATES OR TO THE
COMPANY. IN PARTICULAR, (I) EACH INSTITUTIONAL STOCKHOLDER

                                       42
<PAGE>   47

SHALL HAVE THE RIGHT TO ENGAGE IN BUSINESS ACTIVITIES, WHETHER OR NOT IN
COMPETITION WITH THE COMPANY OR THE COMPANY'S BUSINESS ACTIVITIES, WITHOUT
CONSULTING ANY OTHER STOCKHOLDER AND (II) NO INSTITUTIONAL STOCKHOLDER OR ANY OF
ITS AFFILIATES SHALL HAVE ANY OBLIGATION TO ANY OTHER STOCKHOLDER WITH RESPECT
TO ANY OPPORTUNITY TO ACQUIRE PROPERTY OR MAKE INVESTMENTS AT ANY TIME.

                  7.21     VESTING OF CERTAIN MANAGEMENT STOCK. Notwithstanding
any other provision of this Agreement or the Management Subscription Agreement
between Ralph L. Miller (the "Executive") and the Company dated as of January 3,
1997 (the "Miller Management Subscription Agreement") which conditions vesting
of the Management Stock owned by Ralph L. Miller (the "Executive") upon the
continued employment of the Executive, should the Executive's Employment Period
(as defined in the Employment Agreement between the Executive and the Company,
dated as of November 12, 1996, as amended (the "Employment Agreement"))
terminate prior to the third anniversary of the Miller Management Subscription
Agreement (the "Third Anniversary") (unless terminated by the Company for
"cause" or by the Executive for "Good Reason", as such terms are defined in the
Employment Agreement), any unvested portion of the Management Stock issued to
the Executive on January 3, 1997 (being 3,000 shares of Class A Common Stock of
the Company, as adjusted to reflect all stock splits, stock dividends,
recapitalization or similar events affecting such shares subsequent to such
date) which would have vested during the period from the effective date of
termination through the Third Anniversary shall be deemed vested on the
effective date of termination of the Executive's employment. After the Third
Anniversary, vesting of such shares shall continue only if the Executive remains
employed by the Company or is otherwise eligible for vesting as stated in and
subject to the terms and conditions of this Agreement and Miller Management
Subscription Agreement.

                                       43
<PAGE>   48

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

                                    MSX INTERNATIONAL, INC.

                                    By:
                                       -----------------------------------------
                                       Name:  Frederick K. Minturn
                                       Title: Vice President

                                    COURT SQUARE CAPITAL LIMITED

                                    By:
                                       -----------------------------------------
                                       Name:  Michael A. Delaney
                                       Title: Vice President

                                    MANAGEMENT STOCKHOLDERS

                                    Billig Family Limited Partnership

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

                                    --------------------------------------------
                                    Frederick K. Minturn

                                    --------------------------------------------
                                    Thomas Stallkamp

                                    --------------------------------------------
                                     John W. Risk

<PAGE>   49

                                    Kyung Ae Bae and Ralph L. Miller, Trustees
                                    under Trust Agreement, dated October 16,
                                    1989, between Kyung Ae Bae, Settlor, and
                                    Kyung Ae Bae, Trustee

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

                                    CVC GROUP

                                    --------------------------------------------
                                    Richard M. Cashin

                                    Natasha Partnership

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

                                    63BR Partnership

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

                                    --------------------------------------------
                                    Noelle Doumar

                                    --------------------------------------------
                                    Michael A. Delaney

<PAGE>   50

                                    Alchemy, L.P.

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

                                    --------------------------------------------
                                    M. Saleem Muqaddam

                                    --------------------------------------------
                                    Joseph Silvestri

                                    --------------------------------------------
                                    David F. Thomas

                                    --------------------------------------------
                                    James A. Urry

                                    ADDITIONAL MANAGEMENT STOCKHOLDERS

                                    --------------------------------------------
                                    Roger Fridholm

                                    --------------------------------------------
                                    Kenneth Sommer

<PAGE>   51
                                                                       EXHIBIT A

                           Form of Joinder Agreement

MSX INTERNATIONAL, INC.
275 Rex Boulevard
Auburn Hills, MI 48326
Attention: Chief Executive Officer

Ladies & Gentlemen:

                  In consideration of the [transfer][issuance] to the
undersigned of [Describe security being transferred/issued] of MSX
INTERNATIONAL, INC., a Delaware corporation (the "Company"), the undersigned
[represents that it is a Permitted Transferee of [Insert name of transferor]
and]* agrees that, as of the date written below, [he] [she] [it] shall become a
party to[, and a Permitted Transferee as defined in,]* that certain Amended and
Restated Stockholders' Agreement effective as of November 28, 2000, as such
agreement may have been amended, supplemented or modified from time to time (the
"Agreement"), among the Company and the persons named therein, and [as a
Permitted Transferee shall be fully bound by, and subject to, all of the
covenants, terms and conditions of the Agreement that were applicable to the
undersigned's transferor,]* [shall be fully bound by, and subject to, the
covenants, terms and conditions of the Agreement as provided under Section 7.8
of the Agreement]** [shall be fully bound by, and subject to, all of the
covenants, terms and conditions of the Agreement,]*** as though an original
party thereto and shall be deemed a [Management Stockholder] [Additional
Stockholder] [Institutional Stockholder]**** for [all]* [solely for]** [all]***
purposes thereof.

                  Executed as of the       day of         ,      .

                                               SIGNATORY:_______________________
                                               Address:

                                               ACKNOWLEDGED AND ACCEPTED:
                                               MSX INTERNATIONAL, INC.

                                               By:______________________________
                                                  Name:
                                                  Title:

*        Include if signatory is a Permitted Transferee

**       Include if signatory is a Third Party

***      Include if signatory is an Additional Stockholder

**** Include if signatory is receiving securities from a Management Stockholder,
an Additional Stockholder or an Institutional Stockholder; if signatory is an
Additional Stockholder receiving securities issued by the Company insert
[Additional Stockholder]

<PAGE>   52
                                                                       EXHIBIT B

         (1)      Direct obligations of, or obligations the principal of and
interest on which are unconditionally guaranteed by, the United States of
America (or by any agency thereof to the extent such obligations are backed by
the full faith and credit of the United States of America), in each case
maturing within one year from the date of acquisition thereof;

         (2)      Investments in commercial paper maturing within 270 days from
the date of acquisition thereof and having, at such date of acquisition, the
highest credit rating obtainable from S&P or from Moody's;

         (3)      Investments in (i) certificates of deposit, banker's
acceptances and time deposits maturing within one year from the date of
acquisition thereof issued or guaranteed by or placed with, and money market
deposit accounts issued or offered by, any domestic office of any commercial
bank organized under the laws of the United States of America or any state
thereof that has a combined capital and surplus profits of not less than
$250,000,000 or (ii) Eurocurrency time deposits maturing within 360 days from
the date of acquisition thereof with any branch or office of any commercial bank
organized under the laws of a country that is a member of the Organization for
Economic Cooperation and Development, and comparable in credit quality to the
investments permitted under the preceding clause (i).

         (4)      Repurchase obligations with a term of not more than 30 days
for, and secured by, underlying securities of the types described in clause (1)
above entered into with a bank meeting the qualifications described in clause
(3) above;

         (5)      Investments in securities with maturities of six months or
less from the date of acquisition issued or fully guaranteed by any state,
commonwealth or territory of the United States of America, or by any political
subdivision or taxing authority thereof, and rated at least "A" by S&P or "A-1"
by Moody's;

         (6)      Investments in money market funds complying with the risk
limiting conditions of Rule 2a-7 (or any successor rule) of the Securities and
Exchange Commission under the Investment Company Act of 1940, as amended;

         (7)      In the case of any Foreign Subsidiary, investments comparable
in credit quality and tenor to those referred to above and customarily used by
corporations for cash management purposes in any jurisdiction outside the United
States of America.

         For purposes hereof,

         "Foreign Subsidiary" means any Subsidiary not incorporated or organized
under the laws of the United States of America, any state thereof or the
District of Columbia.

         "Subsidiary" means, with respect to any Person, any corporation,
partnership, association or other business entity (a) of which securities or
other ownership interests representing more than 50% of the equity or more than
50% of the ordinary voting power or more than 50% of the general partnership
interests are, at the time any determination is being made, owned, controlled or
held, or (b) that is, at the time any determination is made, otherwise
Controlled, by a Person or one or more subsidiaries of a Person or by a Person
and one or more subsidiaries of a Person, provided that the term "subsidiary,"
when used in respect of the Company or any of its Subsidiaries, shall not
include any foreign joint venture in which the Company or any such Subsidiary
owns less than or equal to 50% of the equity interest in such joint venture.

<PAGE>   53
                                                                       EXHIBIT C

                                     Legends

                  Shares of Restricted Securities and shares of Restricted
Preferred Securities shall bear the following legend:

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
THE AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT EFFECTIVE AS OF NOVEMBER 28,
2000 AMONG MSX INTERNATIONAL, INC. (THE "COMPANY") AND ITS STOCKHOLDERS AS MAY
BE AMENDED FROM TIME TO TIME, AND MAY NOT BE TRANSFERRED, SOLD, ASSIGNED,
PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF (A "TRANSFER") EXCEPT IN
ACCORDANCE WITH THE PROVISIONS THEREOF AND ANY TRANSFEREE OF THESE SECURITIES
SHALL BE SUBJECT TO THE TERMS OF SUCH AGREEMENT. COPIES OF THE STOCKHOLDERS'
AGREEMENT, AS AMENDED, ARE MAINTAINED WITH THE CORPORATE RECORDS OF THE COMPANY
AND ARE AVAILABLE FOR INSPECTION AT THE PRINCIPAL EXECUTIVE OFFICES OF THE
COMPANY.

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR STATE
SECURITIES LAWS, AND NO TRANSFER OF THESE SECURITIES MAY BE MADE EXCEPT (A)
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR (B) PURSUANT TO
AN EXEMPTION THEREFROM WITH RESPECT TO WHICH THE COMPANY MAY REQUIRE AN OPINION
OF COUNSEL FOR THE HOLDER THAT SUCH TRANSFER IS EXEMPT FROM THE REQUIREMENTS OF
THE ACT, AS PROVIDED BY THE TERMS OF THE STOCKHOLDERS' AGREEMENT DESCRIBED
ABOVE.

THE POWERS, DESIGNATIONS, PREFERENCES, AND RELATIVE PARTICIPATING, OPTIONAL OR
OTHER SPECIAL RIGHTS, AND THE QUALIFICATIONS, LIMITATIONS, OR RESTRICTIONS OF
SUCH PREFERENCES AND/OR RIGHTS OF EACH CLASS OR SERIES OF CAPITAL STOCK OF THE
COMPANY ARE SET FORTH IN THE CERTIFICATE OF INCORPORATION. THE CORPORATION WILL
FURNISH A COPY OF THE CERTIFICATE OF INCORPORATION TO THE HOLDER OF THIS
CERTIFICATE WITHOUT CHARGE UPON REQUEST.

<PAGE>   54
                                                                       EXHIBIT D

                               Board of Directors

                             Institutional Directors
                             Richard M. Cashin, Jr.
                               Michael A. Delaney
                                   Lee Gardner
                              Richard A. Manoogian

                               Management Director
                                Thomas Stallkamp

                             Disinterested Directors
                                   E.H. Billig
                                   David Cole<PAGE>   1
                                                                    EXHIBIT 10.2

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

                             MSX INTERNATIONAL, INC.

                              AMENDED AND RESTATED
                          REGISTRATION RIGHTS AGREEMENT

                                NOVEMBER 28, 2000

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

<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                 <C>                                                                                        <C>
RECITALS                                                                                                          1

ARTICLE I           DEFINITIONS                                                                                   1
         1.1        Defined Terms in Stockholders' Agreement                                                      1
         1.2        Definitions                                                                                   2
         1.3        Cross-References                                                                              3

ARTICLE II          DEMAND REGISTRATIONS                                                                          3
         2.1        Requests for Registration                                                                     3
         2.2        Long-Form Registrations                                                                       4
         2.3        Short-Form Registrations                                                                      4
         2.4        Effective Registration Statement                                                              5
         2.5        Priority on Demand Registrations                                                              5
         2.6        Selection of Underwriters                                                                     6
         2.7        Black-Out Rights and Postponement                                                             6

ARTICLE III         PIGGYBACK REGISTRATIONS                                                                       7
         3.1        Right to Piggyback                                                                            7
         3.2        Piggyback Expenses                                                                            7
         3.3        Priority on Primary Registrations                                                             7
         3.4        Priority on Secondary Registrations                                                           8

ARTICLE IV          HOLDBACK AGREEMENTS                                                                           9
         4.1        Holdback                                                                                      9
         4.2        Company Holdback                                                                              9

ARTICLE V           REGISTRATION PROCEDURES                                                                       9

ARTICLE VI          REGISTRATION EXPENSES                                                                        13
         6.1        Fees Generally                                                                               13
         6.2        Counsel Fees                                                                                 13

ARTICLE VII         UNDERWRITTEN OFFERINGS                                                                       14
         7.1        Demand Underwritten Offerings                                                                14
         7.2        Incidental Underwritten Offerings                                                            14

ARTICLE VIII        INDEMNIFICATION                                                                              15
         8.1        Indemnification by the Company                                                               15
         8.2        Indemnification by a Selling Stockholder                                                     16
</TABLE>

<PAGE>   3

<TABLE>
<S>                 <C>                                                                                          <C>
         8.3        Indemnification Procedure                                                                    17
         8.4        Underwriting Agreement                                                                       17
         8.5        Contribution                                                                                 18
         8.6        Periodic Payments                                                                            19

ARTICLE IX          RULE 144                                                                                     19

ARTICLE X           PARTICIPATION IN UNDERWRITTEN REGISTRATIONS                                                  19

ARTICLE XI          MISCELLANEOUS                                                                                20
         11.1       No Inconsistent Agreements                                                                   20
         11.2       Adjustments Affecting Registrable Securities                                                 20
         11.3       Specific Performance                                                                         20
         11.4       Actions Taken; Amendments and Waivers                                                        20
         11.5       Successors and Assigns                                                                       21
         11.6       Notices                                                                                      21
         11.7       Headings                                                                                     22
         11.8       Gender                                                                                       22
         11.9       Invalid Provisions                                                                           22
         11.10      Governing Law                                                                                23
         11.11      Service of Process                                                                           23
         11.12      Waiver of Jury Trial                                                                         23
         11.13      Counterparts                                                                                 24
</TABLE>

<PAGE>   4

                  AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this
"Agreement") effective November 28, 2000 by and among MSX International, Inc.,
a Delaware corporation (the "Company"), Court Square Capital Limited, a Delaware
corporation ("Court Square"), each of the individuals whose name appears on the
signature pages hereto under the heading "Management Group", and each of the
individuals whose name appears on the signature pages hereto under the heading
"CVC Group". Capitalized terms are used as defined in Article I hereto.

                                    RECITALS

                   WHEREAS, certain of the Stockholders, certain former
stockholders of the Company and the Company entered into a Registration Rights
Agreement, dated as of January 3, 1997 (the "Original Agreement"), to provide
certain registration rights to the parties thereto;

                  WHEREAS, in connection with the transfer of shares of Common
Stock and Series A Preferred by MascoTech, Inc., a Delaware corporation, to
Court Square pursuant to a Stock Purchase Agreement, dated as of August 1, 2000,
by and between CVC and MascoTech, as amended, and the transfer of shares of
Common Stock and Series A Preferred by CVC to Court Square pursuant to a Stock
Purchase Agreement, dated as of November 28, 2000, by and between CVC and Court
Square, the Stockholders and the Company desire to amend and restate the
Original Agreement, all in accordance with Section 11.4(b) of the Original
Agreement; and

                  WHEREAS, contemporaneously with the execution and delivery of
this Agreement, the parties hereto are executing and delivering an Amended and
Restated Stockholders' Agreement among the parties hereto and dated the date
hereof (as amended, modified or supplemented from time to time, the
"Stockholders' Agreement");

                  NOW THEREFORE, in connection with the Stockholders' Agreement
and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

                  I.1 DEFINED TERMS IN STOCKHOLDERS' AGREEMENT.

                  Unless otherwise defined herein, defined terms used in this
Agreement shall have the meanings set forth in the Stockholders' Agreement.

                                       1
<PAGE>   5
                  I.2 DEFINITIONS.

                  The following capitalized terms, when used in this Agreement,
have the respective meanings set forth below (such definitions to be equally
applicable to both singular and plural forms of the terms defined):

                  "Additional Management Stockholder" means an Additional
Stockholder who is an officer, director or employee of the Company or any of its
Subsidiaries.

                  "Additional Stockholder" means any person who has executed a
Joinder Agreement as an Additional Stockholder pursuant to Section 6.2 of the
Stockholders' Agreement, and its direct and indirect Permitted Transferees, so
long as any such Person shall hold Registrable Securities, and only to the
extent that (i) the Company has granted such person registration rights as a
Stockholder hereunder and (ii) such Person has executed a Registration Rights
Joinder Agreement.

                  "Initial Public Offering" means the first time a registration
statement filed under the Securities Act with the Commission respecting an
offering, whether primary or secondary, of Common Stock of the Company (or
securities convertible, exercisable or exchangeable for or into Common Stock of
the Company or rights to acquire Common Stock of the Company or such
securities), which is underwritten on a firmly committed basis, is declared
effective and the securities so registered are issued and sold.

                  "Institutional Stockholders" has the meaning provided in the
Stockholders' Agreement.

                  "Qualifying Offering" has the meaning provided in the
Stockholders' Agreement.

                  "Registrable Securities" means, at any time, the shares of
Class A Common (including all series thereof) and shares of Class B Common
(including all series thereof) then issued and outstanding or which are issuable
upon the conversion, exercise or exchange of Equity Equivalents (to the extent
then so convertible, exercisable or exchangeable) and any securities into which
such Class A Common or Class B Common shall have been changed or any securities
resulting from any reclassification or recapitalization of such Class A Common
or Class B Common; provided, that "Registrable Securities" shall not include any
shares of Class A Common or Class B Common obtained or transferred pursuant to
an effective registration statement under the Securities Act or in a Rule 144
Transaction, and provided, further, that "Registrable Securities" shall not
include any shares of Class A Common or Class B Common or other securities which
are held by a Person who is not a Stockholder.

                  "Registration Rights Joinder Agreement" means a Registration
Rights Joinder Agreement in the form attached hereto as Exhibit A.

                                       2
<PAGE>   6

                  "Required Institutional Stockholders" means, as of the date of
any determination thereof, Institutional Stockholders which hold Registrable
Securities representing at such time at least a majority (by number of shares)
of the Registrable Securities, on a Fully Diluted Basis, held by all
Institutional Stockholders.

                  "Stockholders" means the Institutional Stockholders, the
Management Stockholders, the Additional Stockholders and any transferee of any
of the foregoing persons who has acquired Registrable Securities in accordance
with the Stockholders' Agreement and who has executed a Registration Rights
Joinder Agreement.

                  I.3 CROSS-REFERENCES.

                  The following defined terms, when used in this Agreement,
shall have the meaning ascribed to them in the corresponding Sections of this
Agreement listed below:

                  "Black-Out Notice"                --        Section 2.7(a)
                  "Company"                         --        Preamble
                  "Court Square"                    --        Preamble
                  "Demand Registrations"            --        Section 2.1(a)
                  "Long-Form Registrations"         --        Section 2.1(b)
                  "Original Agreement"              --        Recitals
                  "Piggyback Holders"               --        Section 3.1
                  "Piggyback Registration"          --        Section 3.1
                  "Purchase Agreement"              --        Recitals
                  "Registration Expenses"           --        Section 6.1
                  "Requesting Investors"            --        Section 2.1(a)
                  "Short-Form Registrations"        --        Section 2.1(b)
                  "Stockholders' Agreement"         --        Recitals

                                   ARTICLE II
                              DEMAND REGISTRATIONS

                  II.1 REQUESTS FOR REGISTRATION.

                  (a) At any time after the date hereof, the Required
Institutional Stockholders (the "Requesting Investors") may request that the
Company effect a Qualifying Offering, and the Company shall use all reasonable
efforts to effect a Qualifying Offering within 90 days after its receipt of such
request. Within 10 days after its receipt of such request, the Company will give
written notice of such request to all other holders of Registrable Securities.
The Company will use all reasonable efforts to include in the Qualifying
Offering (i) all Registrable Securities which the Requesting Investors have
requested to be included therein and (ii) all other Registrable

                                       3
<PAGE>   7

Securities with respect to which the Company has received written requests for
inclusion therein by the Stockholders within thirty (30) days after the receipt
of the Company's notice, subject in each case to the provisions of Section 2.5.
The Company will pay all Registration Expenses in connection with a Qualifying
Offering requested in accordance with Section 2.1(a). All registrations
requested pursuant to this Section 2.1 are referred to herein as "Demand
Registrations."

                  (b) Subject to Sections 2.2, 2.3 and 2.7, at any time from and
after the date which is 91 days after the closing of an Initial Public Offering,
the Required Institutional Stockholders may request registration under the
Securities Act of all or part of their Registrable Securities (i) on Form S-1 or
S-2 or any similar long-form registration statement (any such registration, a
"Long-Form Registration"), and (ii) on Form S-3 or any similar short-form
registration statement (any such registration, a "Short-Form Registration"), if
the Company qualifies to use such short form. Within 10 days after its receipt
of any such request, the Company will give written notice of such request to all
other holders of Registrable Securities. Thereafter, the Company will use all
reasonable efforts to effect the registration under the Securities Act on the
form requested by the Requesting Investors, and to include in such registration,
(i) all Registrable Securities which the Requesting Investors have so requested
to be included therein and (ii) all other Registrable Securities with respect to
which the Company has received written requests for inclusion therein by the
Stockholders within thirty (30) days after their receipt of the Company's
notice, subject in each case to the provisions of Section 2.5.

                  (c) Any Requesting Investor which requests a Demand
Registration under this Article II may, at any time prior to the effective date
of the registration statement relating to such registration, revoke such request
by providing written notice to the Company; provided, however, that
notwithstanding such revocation, such Demand Registration shall be deemed a
request for purposes of Section 2.2 unless, after consultation with the Company
and any proposed underwriter, the Requesting Investor in good faith determines
that the Registrable Securities which it has requested to be registered would
not be sold pursuant to such Demand Registration within a reasonable amount of
time or at a price acceptable to such Requesting Investor.

                  (d) Any request for a Demand Registration pursuant to this
Article II shall specify the number of shares of Registrable Securities proposed
to be sold by the Requesting Investor and the intended method of disposition
thereof.

                  II.2 LONG-FORM REGISTRATIONS.

                  The Required Institutional Stockholders will be entitled to
request pursuant to this Article II up to three Long-Form Registrations. The
Company will pay all Registration Expenses in connection with any such Long-Form
Registrations. All Long-Form Registrations (unless otherwise requested by the
relevant Requesting Investor) shall be underwritten registrations.

                  II.3 SHORT-FORM REGISTRATIONS.

                                       4
<PAGE>   8

                  In addition to the Long-Form Registrations provided pursuant
to Section 2.2, the Required Institutional Stockholders will be entitled to
request an unlimited number of Short-Form Registrations in which the Company
will pay all Registration Expenses. Demand Registrations will be Short-Form
Registrations whenever the Company is qualified to use any applicable short
form. Once the Company has become subject to the reporting requirements of the
Exchange Act, the Company will use its reasonable best efforts to make
Short-Form Registrations available for the sale of Registrable Securities.

                  II.4 EFFECTIVE REGISTRATION STATEMENT.

                  No Demand Registration shall be deemed to have been effected
for purposes of Section 2.2:

                  (i) unless a registration statement with respect thereto has
                  become effective;

                  (ii) if, after it has become effective, any stop order,
                  injunction or other order or requirement of the Commission or
                  other governmental agency or court for any reason, affecting
                  any of the securities covered by such registration statement,
                  is issued or threatened by the Commission or other
                  governmental agency or court;

                  (iii) if the Company delivers a Black-Out Notice with respect
                  to such requested registration;

                  (iv) if the conditions to closing specified in the purchase
                  agreement or underwriting agreement entered into in connection
                  with such registration are not satisfied by reason of a
                  failure by or inability of the Company to satisfy any of such
                  conditions, or the occurrence of an event outside the
                  reasonable control of the relevant Requesting Investor;

                  (v) the revocation notice described in the proviso to Section
                  2.1(c) has been delivered by the Requesting Investor; or

                  (vi) if the Requesting Investor is not able to register and
                  sell at least ninety percent (90%) of the amount of
                  Registrable Securities which were requested to be included in
                  such registration;

provided that the Company will pay all Registration Expenses in connection with
any registration

                                       5
<PAGE>   9

if pursuant to this Section 2.4 the registration is deemed not to have been
effected.

                  II.5 PRIORITY ON DEMAND REGISTRATIONS.

                  (a) The Company will not include in any Demand Registration
any securities which are not Registrable Securities without the written consent
of the Required Institutional Stockholders.

                  (b) If the Requesting Investors and other holders of
Registrable Securities request Registrable Securities to be included in a Demand
Registration which is an underwritten offering and the managing underwriters
advise the Company in writing that in their opinion the number of Registrable
Securities requested to be included exceeds the number of Registrable Securities
which can be sold in such offering within a price range acceptable to the
Required Institutional Stockholders, the Company will include any securities to
be sold in such Demand Registration in the following order: (i) first, the
Registrable Securities owned by the Requesting Investors; (ii) second, the
Registrable Securities requested to be included in such registration by other
Stockholders, provided, that if the managing underwriters determine in good
faith that a lower number of Registrable Securities requested to be included by
other Stockholders should be included, then only that lower number of
Registrable Securities requested to be included by other Stockholders shall be
included in such registration, and such other Stockholders shall participate in
the registration pro rata based upon their total ownership, on a Fully Diluted
Basis, of Registrable Securities, provided, further, that if the managing
underwriters determine in good faith that a lower number of Registrable
Securities held by Management Stockholders and/or Additional Management
Stockholders than such pro rata portion should be included, then such lower
number shall be included and, as a result thereof, a greater number of
Registrable Securities owned by the other Stockholders may be sold; (iii) third,
the securities the Company proposes to sell and (iv) fourth, any securities
other than Registrable Securities to be sold by persons other than the Company
included pursuant to Section 2.5(a) hereof. Any Person other than Stockholders
including any securities in such registration pursuant to Article II hereof must
pay its share of the Registration Expenses as provided in Article VI hereof.

                  II.6 SELECTION OF UNDERWRITERS.

                  The Requesting Investors will have the right to select the
underwriters and the managing underwriter to administer any Demand Registration
(which underwriters and managing underwriter shall be reasonably acceptable to
the Company).

                  II.7 BLACK-OUT RIGHTS AND POSTPONEMENT.

                  (a) The Company shall not be required to provide a Demand
Registration if the Company, within the 90-day period preceding the date of a
request for a Demand Registration, has effected a registration of securities in
which the Requesting Investors were entitled to participate to the fullest
extent pursuant to Demand Registration rights under Article II

                                       6
<PAGE>   10

hereof or Piggyback Registration rights under Article III hereof.

                  (b) The Company may, upon written notice (a "Black-Out
Notice") to the Requesting Investor requesting a Demand Registration, require
such Requesting Investor to withdraw such Demand Registration upon the good
faith determination by the Company that such postponement is necessary (i) to
avoid disclosure of material non-public information or (ii) as a result of a
pending material financing or acquisition transaction, and in each case, the
Required Institutional Stockholders may not request another Demand Registration
for a period of up to sixty (60) days, as specified by the Company in such
Black-Out Notice. The Company may only give a Black-Out Notice where the giving
of such notice has been specifically approved by the Company's Board of
Directors which for so long as the Institutional Stockholders shall have the
right to designate directors pursuant to Section 5.1 of the Stockholders'
Agreement and they are exercising such right to designate, shall require an
Institutional Affirmative Board Vote. Upon receipt of a Black-Out Notice, the
Demand Registration shall be deemed to be rescinded and retracted and shall not
be counted as a Demand Registration for any purpose. The Company may not deliver
more than one Black-Out Notice in any twelve-month period.

                                   ARTICLE III
                             PIGGYBACK REGISTRATIONS

                  III.1 RIGHT TO PIGGYBACK.

                  Whenever the Company proposes (other than pursuant to a Demand
Registration or an Initial Public Offering (unless otherwise agreed by the
Company)) to register any of its equity securities under the Securities Act
(whether for the Company's own account (other than on Forms S-4 or S-8 or any
successor forms), or for the account of any other Person)(a "Piggyback
Registration"), the Company will give prompt written notice to all Institutional
Stockholders, Management Stockholders and Additional Stockholders (the
"Piggyback Holders") of its intention to effect such a registration, and such
notice shall offer the Piggyback Holders the opportunity to register on the same
terms and conditions such number of shares of Registrable Securities as such
Piggyback Holder may request. The Company will include in such registration all
Registrable Securities with respect to which the Company has received written
requests for inclusion therein within 30 days after the receipt by such
Piggyback Holder of the Company's notice, subject to the provisions of Sections
3.3 and 3.4.

                  III.2 PIGGYBACK EXPENSES.

                  The Registration Expenses of the holders of Registrable
Securities will be paid by the Company in all Piggyback Registrations.

                  III.3 PRIORITY ON PRIMARY REGISTRATIONS.

                                       7
<PAGE>   11
                  If a Piggyback Registration is an underwritten primary
registration on behalf of the Company, and the managing underwriters advise the
Company in writing that in their opinion the number of securities requested to
be included in such registration are such that the success of the offering would
be materially and adversely affected, the Company will include any securities to
be sold in such registration in the following order: (i) first, the securities
the Company proposes to sell, (ii) second, the Registrable Securities requested
to be included in such registration by the Piggyback Holders, provided that, if
the managing underwriters in good faith determine that a lower number of
Registrable Securities should be included, then the Company shall be required to
include in such registration only that lower number of Registrable Securities,
and the Piggyback Holders shall participate in the registration pro rata based
upon their total ownership, on a Fully Diluted Basis, of Registrable Securities,
provided, further, that if the managing underwriters determine in good faith
that a lower number of Registrable Securities held by Management Stockholders
and/or Additional Management Stockholders than such pro rata portion should be
included, then such lower number shall be included and, as a result thereof, a
greater number of Registrable Securities owned by the other Stockholders shall
be included and (iii) third, other securities requested to be included in such
registration.

                  III.4 PRIORITY ON SECONDARY REGISTRATIONS.

                  If a Piggyback Registration is an underwritten secondary
registration on behalf of holders of the Company's securities and the managing
underwriters advise the Company in writing that in their opinion the number of
securities requested to be included in such registration are such that the
success of the offering would be materially and adversely affected, the Company
will include any securities to be sold in such registration in the following
order: (i) first, the securities of such holders, (ii) second, the Registrable
Securities requested to be included in such registration by the Piggyback
Holders pursuant to Section 3.1 hereof, provided that, if the managing
underwriters in good faith determine that a lower number of Registrable
Securities should be included, then the Company shall be required to include in
such registration only that lower number of Registrable Securities, and the
Piggyback Holders shall participate in the registration pro rata based upon
their total ownership, on a Fully Diluted Basis, of Registrable Securities,
provided, further, that if the managing underwriters determine in good faith
that a lower number of Registrable Securities held by Management Stockholders
and/or Additional Management Stockholders than such pro rata portion should be
included, then such lower number shall be included and, as a result thereof, a
greater number of Registrable Securities owned by the other Stockholders may be
sold and (iii) third, other securities requested to be included in such
registration.

                                       8
<PAGE>   12
                                   ARTICLE IV
                               HOLDBACK AGREEMENTS

                  IV.1 HOLDBACK.

                  Each holder of Registrable Securities agrees not to effect any
public sale or distribution of Registrable Securities, or any securities
convertible, exchangeable or exercisable for or into such securities, during the
seven days prior to, and the 90-day period beginning on, the effective date of
an Initial Public Offering or any underwritten Demand Registration or any
underwritten Piggyback Registration in which such holder had an opportunity to
participate without cutback under Article III hereof (in each case except as
part of such underwritten registration), unless the managing underwriters of the
registered public offering otherwise agree.

                  IV.2 COMPANY HOLDBACK.

                  The Company agrees (i) not to effect any public sale or
distribution of its equity securities, or any securities convertible,
exchangeable or exercisable for or into such securities, during the fourteen
(14) days prior to, and during the 90-day period beginning on, the effective
date of any underwritten Demand Registration or any underwritten Piggyback
Registration in which holders of Registrable Securities are selling stockholders
(except as part of such underwritten registration or pursuant to registrations
on Forms S-4 or S-8 or any successor form), unless the managing underwriters of
such underwritten Demand Registration or underwritten Piggyback Registration
otherwise agree, and (ii) to use all reasonable efforts to cause each holder of
at least five percent (5%) (on a fully-diluted basis) of its equity securities
or any securities convertible, exchangeable or exercisable for or into such
securities, to agree not to effect any public sale or distribution of any such
securities during such period (except as part of such underwritten registration,
if otherwise permitted), unless the managing underwriters of such underwritten
Demand Registration or underwritten Piggyback Registration otherwise agree.

                                    ARTICLE V
                             REGISTRATION PROCEDURES

                  Whenever the Stockholders have requested that any Registrable
Securities be registered pursuant to this Agreement, the Company will use all
reasonable 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 Company will as expeditiously as possible (or, in the case
of clause (p) below, will not):

                  (a) prepare and file with the Commission a registration
statement with respect to such Registrable Securities (such registration
statement to include all information which the holders of the Registrable
Securities to be registered thereby shall reasonably request) and use all
reasonable efforts to cause such registration statement to become effective,
provided that as promptly as practicable before filing a registration statement
or prospectus or any amendments or supplements thereto, the Company will (i)
furnish to counsel selected by the holders of a majority

                                       9
<PAGE>   13

(by number of shares) of the Registrable Securities covered by such registration
statement copies of all such documents proposed to be filed, and the Company
shall not file any such documents to which such counsel shall have reasonably
objected on the grounds that such document does not comply in all material
respects with the requirements of the Securities Act, and (ii) notify each
holder of Registrable Securities covered by such registration statement of (x)
any request by the Commission to amend such registration statement or amend or
supplement any prospectus, or (y) any stop order issued or threatened by the
Commission, and take all reasonable actions required to prevent the entry of
such stop order or to remove it if entered;

                  (b) (i) 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 until all Registrable Securities covered by such Registration
Statement are sold in accordance with the intended plan of distribution set
forth in such Registration Statement and (ii) comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such
registration statement during such period in accordance with the intended
methods of disposition by the sellers thereof set forth in such registration
statement;

                  (c) furnish to each seller of Registrable Securities covered
by such registration statement, without change, such number of conformed copies
of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary
prospectus and, in each case, including all exhibits thereto and documents
incorporated by reference therein) and such other documents as such seller may
reasonably request in order to facilitate the disposition of the Registrable
Securities owned by such seller;

                  (d) use its best efforts to register or qualify such
Registrable Securities under such other securities or blue sky laws of such
jurisdictions as any seller thereof shall reasonably request, to keep such
registration or qualification in effect for so long as such registration
statement remains in effect and do any and all other acts and things which may
be reasonably necessary or advisable to enable such seller to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such
seller, provided, however, that the Company will not be required to (i) qualify
generally to do business in any jurisdiction where it would not otherwise be
required to qualify but for this clause (d), (ii) subject itself to taxation in
any such jurisdiction or (iii) consent to general service of process in any such
jurisdiction;

                  (e) furnish to each seller of Registrable Securities a signed
copy, addressed to such seller (and the underwriters, if any) of an opinion of
counsel for the Company or special counsel to the selling stockholders, dated
the effective date of such registration statement (and, if such registration
statement includes an underwritten public offering, dated the date of the
closing under the underwriting agreement), reasonably satisfactory in form and
substance to such seller, covering substantially the same matters with respect
to such registration statement (and the prospectus included therein) as are
customarily covered in opinions of issuer's counsel delivered

                                       10
<PAGE>   14

to the underwriters in underwritten public offerings, and such other legal
matters as the seller (or the underwriters, if any) may reasonably request;

                  (f) notify each seller of Registrable Securities, at a time
when a prospectus relating thereto is required to be delivered under the
Securities Act, of the occurrence of any event known to the Company as a result
of which the prospectus included in such registration statement, as then in
effect, contains an untrue statement of a material fact or omits to state any
fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances under which they were made, and, at
the request of any such seller, the Company will prepare and furnish such seller
a reasonable number of copies of a supplement to or an amendment of such
prospectus as may be necessary so that, as thereafter delivered to the
purchasers of such Registrable Securities, such prospectus shall not include an
untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading in
the light of the circumstances under which they were made and in the event the
Company shall give such notice, the Company shall extend the period during which
such registration statement shall be maintained effective by the number of days
during the period from and including the date of the giving of such notice to
such seller to the date when the Company made available to such seller an
appropriately amended or supplemented prospectus;

                  (g) cause all such Registrable Securities to be listed on each
securities exchange on which similar securities issued by the Company are then
listed and to enter into such customary agreements as may be required in
furtherance thereof, including without limitation listing applications and
indemnification agreements in customary form;

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

                  (i) enter into such customary arrangements and take all such
other actions as the holders of a majority (by number of shares) 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 without limitation use its best efforts to effect a stock
split or a combination of shares);

                  (j) make available for inspection by any seller of Registrable
Securities, any underwriter participating in any disposition pursuant to such
registration statement and any attorney, accountant or other agent retained by
any such seller or underwriter, all financial and other records, pertinent
corporate documents and properties of the Company, and cause the Company's
officers, directors, employees and independent accountants to supply all
information reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with such registration statement;

                                       11
<PAGE>   15

                  (k) subject to other provisions hereof, use all reasonable
efforts to cause such Registrable Securities covered by such registration
statement to be registered with or approved by such other governmental agencies
or authorities or self-regulatory organizations as may be necessary to enable
the sellers thereof to consummate the disposition of such Registrable
Securities;

                  (l) use all reasonable efforts to obtain a "comfort" letter,
dated the effective date of such registration statement (and, if such
registration includes an underwritten offering, dated the date of the closing
under the underwriting agreement), signed by the independent public accountants
who have certified the Company's financial statements, addressed to each seller,
and to the underwriters, if any, covering substantially the same matters with
respect to such registration statement (and the prospectus included therein) and
with respect to events subsequent to the date of such financial statements, as
are customarily covered in accountants' letters delivered to the underwriters in
underwritten public offerings of securities and such other financial matters as
such seller (or the underwriters, if any) may reasonably request;

                  (m) otherwise use all reasonable efforts to comply with all
applicable rules and regulations of the Commission and make available to its
security holders, in each case as soon as practicable, an earnings statement
covering a period of at least twelve months, beginning with the first month
after the effective date of the registration statement, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act;

                  (n) permit any holder of Registrable Securities, which holder,
in the sole judgment, exercised in good faith, of such holder might be deemed to
be a controlling person of the Company (within the meaning of the Securities Act
or the Exchange Act) to participate in the preparation of any registration
statement covering such holder's Registrable Securities and to include therein
material, furnished to the Company in writing, which in the reasonable judgment
of such holder should be included and which is reasonably acceptable to the
Company;

                  (o) use all reasonable efforts to obtain the lifting at the
earliest possible time of any stop order suspending the effectiveness of any
registration statement or of any order preventing or suspending the use of any
preliminary prospectus;

                  (p) at any time file or make any amendment to a registration
statement, or any amendment of or supplement to a prospectus (including
amendments of the documents incorporated by reference into the prospectus), of
which each seller of Registrable Securities or the managing underwriters shall
not have previously been advised and furnished a copy or to which the sellers of
Registrable Securities, the managing underwriters, or counsel for such sellers
or for the underwriters shall reasonably object;

                  (q) make such representations and warranties (subject to
appropriate disclosure schedule exceptions) to sellers of Registrable Securities
and the underwriters, if any,

                                       12
<PAGE>   16

in form, substance and scope as are customarily made by issuers to underwriters
and selling holders, as the case may be, in underwritten public offerings of
substantially the same type; and

                  (r) if any proposed registration statement refers to any
seller by name or otherwise as the holder of any securities of the Company then
(whether or not such seller is or might be deemed to be a controlling person of
the Company), (i) the Company shall be required at the request of such seller to
insert therein language, in form and substance reasonably satisfactory to such
seller, the Company and the managing underwriters, to the effect that the
holding by such seller of such securities is not to be construed as a
recommendation by such seller of the investment quality of the Company's
securities covered thereby and that such holding does not imply that such seller
will assist in meeting any future financial requirements of the Company, or (ii)
in the event that such reference to such seller by name or otherwise is not
required by the Securities Act, any similar Federal or state statute, or any
rule or regulation of any other regulatory body having jurisdiction over the
offering, then in force, the Company shall be required at the request of such
seller to delete the reference to such seller.

                                   ARTICLE VI
                              REGISTRATION EXPENSES

                  VI.1 FEES GENERALLY.

                  All expenses incident to the Company's performance of or
compliance with this Agreement, including without limitation internal expenses
(including without limitation 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, the expenses
and fees for listing the securities to be registered on each securities exchange
on which similar securities issued by the Company are then listed, all
registration and filing fees, fees and expenses of compliance with securities or
blue sky laws (including without limitation reasonable fees and disbursements of
counsel in connection with blue sky qualifications of the Registrable
Securities), printing expenses, messenger and delivery expenses, and fees and
disbursements of counsel for the Company and all independent certified public
accountants, underwriters (excluding discounts and commissions) and other
Persons retained by the Company (all such expenses being herein called
"Registration Expenses") shall be borne by the Company, except that each
Stockholder shall pay any underwriting fees, discounts or commissions
attributable to the sale of its Registrable Securities.

                  VI.2 COUNSEL FEES.

                  In connection with each Demand Registration, the Company will
reimburse the Requesting Investor for such Demand Registration for the
reasonable fees and disbursements of one counsel chosen by the relevant
Requesting Investor.

                                       13
<PAGE>   17

                                   ARTICLE VII
                             UNDERWRITTEN OFFERINGS

                  VII.1 DEMAND UNDERWRITTEN OFFERINGS.

                  If requested by the underwriters for any underwritten
offerings of Registrable Securities pursuant to a Demand Registration, the
Company will enter into an underwriting agreement with such underwriters for
such offering, such agreement to be satisfactory in substance and form to the
Requesting Investor requesting such Demand Registration and the underwriters,
and to contain such representations and warranties by the Company and such other
terms as are generally included in agreements of this type, including without
limitation indemnities customarily included in such agreements. The holders of
the Registrable Securities will cooperate in good faith with the Company in the
negotiation of the underwriting agreement. The holders of Registrable Securities
to be distributed by such underwriters may be parties to such underwriting
agreement and may, at their option, require that any or all of the
representations and warranties by, and the other agreements on the part of, the
Company to and for the benefit of such underwriters shall also be made to and
for the benefit of such holders of Registrable Securities and that any or all of
the conditions precedent to the obligations of such underwriters under such
underwriting agreement be conditions precedent to the obligations of such
holders of Registrable Securities. The Company shall cooperate with any such
holder of Registrable Securities in order to limit any representations or
warranties to, or agreements with, the Company or the underwriters to be made by
such holder only to those representations, warranties or agreements regarding
such holder, such holder's Registrable Securities and such holder's intended
method of distribution and any other representation required by applicable law.

                  VII.2 INCIDENTAL UNDERWRITTEN OFFERINGS.

                  If the Company at any time proposes to register any of its
securities under the Securities Act as contemplated by Article III of this
Agreement and such securities are to be distributed by or through one or more
underwriters, the Company will, if requested by any holder of Registrable
Securities as provided in Article III of this Agreement, arrange for such
underwriters to include all the Registrable Securities to be offered and sold by
such holder, subject to the limitations set forth in Article III hereof, among
the securities to be distributed by such underwriters. The holders of
Registrable Securities to be distributed by such underwriters shall be parties
to the underwriting agreement between the Company and such underwriters, and
may, at their option, require that any or all of the representations and
warranties by, and the other agreements on the part of, the Company to and for
the benefit of such underwriters shall also be made to and for the benefit of
such holders of Registrable Securities and that any or all of the conditions
precedent to the obligations of such underwriters under such underwriting
agreement be conditions precedent to the obligations of such holders of
Registrable Securities. The

                                       14
<PAGE>   18

Company shall cooperate with any such holder of Registrable Securities in order
to limit any representations or warranties to, or agreements with, the Company
or the underwriters to be made by such holder only to those representations,
warranties or agreements regarding such holder, such holder's Registrable
Securities and such holder's intended method of distribution and any other
representation required by applicable law.

                                  ARTICLE VIII
                                 INDEMNIFICATION

                  VIII.1 INDEMNIFICATION BY THE COMPANY.

                  The Company agrees to indemnify and hold harmless, to the
fullest extent permitted by law, each of the holders of any Registrable
Securities covered by such registration statement, each other Person, if any,
who controls such holder within the meaning of the Securities Act or the
Exchange Act, and each of their respective directors, general partners and
officers, as follows:

                  (i) against any and all loss, liability, claim, damage or
                  expense arising out of or based upon an untrue statement or
                  alleged untrue statement of a material fact contained in any
                  registration statement (or any amendment or supplement
                  thereto), including all documents incorporated therein by
                  reference, or in any preliminary prospectus or prospectus (or
                  any amendment or supplement thereto) or the omission or
                  alleged omission therefrom of a material fact required to be
                  stated therein or necessary to make the statements therein, in
                  light of the circumstances under which they were made, not
                  misleading;

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

                  (iii) against any and all expense incurred by them in
                  connection with investigating, preparing or defending against
                  any litigation, or investigation or proceeding by any
                  governmental agency or body, commenced or threatened, or any
                  claim whatsoever based upon any such untrue statement or
                  omission or any such alleged untrue

                                       15
<PAGE>   19

                  statement or omission, to the extent that any such expense is
                  not paid under clause (i) or (ii) above;

provided, that this indemnity does not apply to any loss, liability, claim,
damage or expense to the extent arising out of an untrue statement or alleged
untrue statement or omission or alleged omission made in reliance upon and in
conformity with written information furnished to the Company by or on behalf of
such holder expressly for use in the preparation of any registration statement
(or any amendment or supplement thereto), including all documents incorporated
therein by reference, or in any preliminary prospectus or prospectus (or any
amendment or supplement thereto); and provided, further, that the Company will
not be liable to any holder under the indemnity agreement in this Section 8.1,
with respect to any preliminary prospectus or the final prospectus or the final
prospectus as amended or supplemented, as the case may be, to the extent that
any such loss, liability, claim, damage or expense of such controlling Person or
holder results from the fact that such holder sold Registrable Securities to a
Person to whom there was not sent or given, at or prior to the written
confirmation of such sale, a copy of the final prospectus or of the final
prospectus as then amended or supplemented, whichever is most recent, if the
Company has previously and timely furnished copies thereof to such holder. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such holder or any such director, officer, general
partner, or other controlling person and shall survive the transfer of such
securities by such seller.

                  VIII.2 INDEMNIFICATION BY A SELLING STOCKHOLDER.

                  In connection with any registration statement in which a
holder of Registrable Securities is participating, each such holder agrees to
indemnify and hold harmless (in the same manner and to the same extent as set
forth in Section 8.1 of this Agreement), to the extent permitted by law, the
Company and its directors, officers and controlling Persons, and their
respective directors, officers and general partners, with respect to any
statement or alleged statement in or omission or alleged omission from such
registration statement, any preliminary, final or summary prospectus contained
therein, or any amendment or supplement thereto, if such statement or alleged
statement or omission or alleged omission was made in reliance upon and in
conformity with written information that relates only to such holder or the plan
of distribution that is expressly furnished to the Company by or on behalf of
such holder for use in the preparation of such registration statement,
preliminary, final or summary prospectus or amendment or supplement. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Company, or such holder, as the case may be, or any
of their respective directors, officers, controlling Persons or general partners
and shall survive the transfer of such securities by such holder. With respect
to each claim pursuant to this Section 8.2, each holder's maximum liability
under this Section shall be limited to an amount equal to the net proceeds
actually received by such holder (after deducting any underwriting discount and
expenses) from the sale of Registrable Securities being sold pursuant to such
registration statement or prospectus by such holder.

                                       16
<PAGE>   20

                  VIII.3 INDEMNIFICATION PROCEDURE.

                  Promptly after receipt by an indemnified party hereunder of
written notice of the commencement of any action or proceeding involving a claim
referred to in Section 8.1 or Section 8.2 of this Agreement, such indemnified
party will, if a claim in respect thereof is to be made against an indemnifying
party, give written notice to the latter of the commencement of such action;
provided that the failure of any indemnified party to give notice as provided
herein shall not relieve the indemnifying party of its obligations under Section
8.1 or Section 8.2 of this Agreement except to the extent that the indemnifying
party is actually prejudiced by such failure to give notice. In case any such
action is brought against an indemnified party, the indemnifying party will be
entitled to participate in and to assume the defense thereof, jointly with any
other indemnifying party similarly notified, to the extent that it may wish,
with counsel reasonably satisfactory to such indemnified party, and after notice
from the indemnifying party to such indemnified party of its election so to
assume the defense thereof, the indemnifying party will not be liable to such
indemnified party for any legal fees and expenses subsequently incurred by the
latter in connection with the defense thereof, unless in such indemnified
party's reasonable judgment an actual or potential conflict of interest between
such indemnified and indemnifying parties may exist in respect of such claim, in
which case the indemnifying party shall not be liable for the fees and expenses
of (i) more than one counsel (in addition to any local counsel) for all holders
of Registrable Securities, selected by a majority (by number of shares) of the
holders of Registrable Securities, or (ii) more than one counsel (in addition to
any local counsel) for the Company in connection with any one action or separate
but similar or related actions. An indemnifying party who is not entitled to
(pursuant to an immediately preceding sentence), 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 (in addition to any local counsel) for all parties indemnified
by such indemnifying party with respect to such claim, unless in the reasonable
judgment of any indemnified party an actual or potential conflict of interest
may exist between such indemnified party and any other of such indemnified
parties with respect to such claim, in which event the indemnifying party shall
be obligated to pay the fees and expenses of such additional counsel or
counsels. The indemnifying party will not, without the prior written consent of
each indemnified party, settle or compromise or consent to the entry of any
judgment in any pending or threatened claim, action, suit or proceeding in
respect of which indemnification may be sought hereunder (whether or not such
indemnified party or any Person who controls such indemnified party is a party
to such claim, action, suit or proceeding), unless such settlement, compromise
or consent includes an unconditional release of such indemnified party from all
liability arising out of such claim, action, suit or proceeding. Notwithstanding
anything to the contrary set forth herein, and without limiting any of the
rights set forth above, in any event any party will have the right to retain, at
its own expense, counsel with respect to the defense of a claim.

                  VIII.4 UNDERWRITING AGREEMENT.

                                       17
<PAGE>   21

                  The Company and each holder of Registrable Securities
requesting registration shall provide for the foregoing indemnity (with
appropriate modifications) in any underwriting agreement with respect to any
required registration or other qualification of securities under any Federal or
state law or regulation of any governmental authority.

                  VIII.5 CONTRIBUTION.

                  If the indemnification provided for in Sections 8.1 and 8.2 of
this Agreement is unavailable to hold harmless an indemnified party under such
Sections, then each indemnifying party shall contribute to the amount paid or
payable by such indemnified party as a result of the losses, claims, damages or
liabilities referred to in Section 8.1 or Section 8.2 of this Agreement in such
proportion as is appropriate to reflect the relative fault of the indemnifying
party on the one hand, and the indemnified party on the other, in connection
with statements or omissions which resulted in such losses, liabilities, claims,
damages or expenses, as well as any other relevant equitable considerations,
including without limitation the relative benefits received by each party from
the offering of the securities covered by such registration statement, the
parties' relative knowledge and access to information concerning the matter with
respect to which the claim was asserted and the opportunity to correct and
prevent any statement or omission. The relative fault shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the indemnifying party or the indemnified
party and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such untrue statements or omission. The
parties hereto agree that it would not be just and equitable if contributions
pursuant to this Section 8.5 were to be determined by pro rata or per capita
allocation (even if the underwriters were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the first and second sentences of this
Section 8.5. The amount paid by an indemnified party as a result of the losses,
claims, damages or liabilities referred to in the first sentence of this Section
8.5 shall be deemed to include any legal or other expenses reasonably incurred
by such indemnified party in connection with investigating or defending any
action or claim (which shall be limited as provided in Section 8.3 of this
Agreement if the indemnifying party has assumed the defense of any such action
in accordance with the provisions thereof) which is the subject of this Section
8.5. Promptly after receipt by an indemnified party under this Section 8.5 of
notice of the commencement of any action against such party in respect of which
a claim for contribution may be made against an indemnifying party under this
Section 8.5, such indemnified party shall notify the indemnifying party in
writing of the commencement thereof if the notice specified in Section 8.3 of
this Agreement has not been given with respect to such action; provided that the
omission to so notify the indemnifying party shall not relieve the indemnifying
party from any liability which it may otherwise have to any indemnified party
under this Section 8.5, except to the extent that the indemnifying party is
actually prejudiced by such failure to give notice. The Company and each holder
of Registrable Securities agrees with each other and the underwriters of the
Registrable Securities, if requested by such underwriters, that (i) the

                                       18
<PAGE>   22

underwriters' portion of such contribution shall not exceed the underwriting
discount and (ii) that the amount of such contribution shall not exceed an
amount equal to the net proceeds actually received by such indemnifying party
from the sale of Registrable Securities in the offering to which the losses,
liabilities, claims, damages or expenses of the indemnified parties relate. No
Person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

                  VIII.6 PERIODIC PAYMENTS.

                  The indemnification required by this Article VIII shall be
made by periodic payments of the amount thereof during the course of the
investigation or defense, as and when bills are received or expense, loss,
damage or liability is incurred.

                                   ARTICLE IX
                                    RULE 144

                  If the Company shall have filed a registration statement
pursuant to the requirements of Section 12 of the Exchange Act or a registration
statement pursuant to the requirements of the Securities Act, the Company
covenants that it will file the reports required to be filed by it under the
Securities Act and the Exchange Act (or, if the Company is not required to file
such reports, it will, upon the request of any holder of Registrable Securities,
make publicly available other information), and it will take such further action
as any holder of Registrable Securities may reasonably request, all to the
extent required from time to time to enable such holder to sell shares of
Registrable Securities without registration under the Securities Act in
compliance with (i) Rule 144 under the Securities Act, as such Rule may be
amended from time to time, or (ii) any similar rule or regulation hereafter
adopted by the Commission. Upon the request of any holder of Registrable
Securities, the Company will deliver to such holder a written statement as to
whether it has complied with such requirements.

                                    ARTICLE X
                   PARTICIPATION IN UNDERWRITTEN REGISTRATIONS

                  No Person may participate in any underwritten registration
hereunder unless such Person (i) 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 (ii) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting
agreements, escrow agreements and other documents reasonably required under the
terms of such underwriting arrangements and consistent with the provisions of
this Agreement.

                                       19
<PAGE>   23

                                   ARTICLE XI
                                  MISCELLANEOUS

                  XI.1 NO INCONSISTENT AGREEMENTS.

                  The Company will not hereafter enter into any agreement which
is inconsistent with, or would otherwise restrict the performance by the Company
of, its obligations hereunder.

                  XI.2 ADJUSTMENTS AFFECTING REGISTRABLE SECURITIES.

                  The Company will not take any action, or fail to take any
action which it may properly take, with respect to its securities which would
adversely affect the ability of the holders of Registrable Securities to include
Registrable Securities in a registration undertaken pursuant to this Agreement
or which, to the extent within its control, would adversely affect the
marketability of such Registrable Securities in any such registration (including
without limitation effecting a stock split or a combination of shares).

                  XI.3 SPECIFIC PERFORMANCE.

                  The parties hereto agree that irreparable damage would occur
in the event any provision of this Agreement was not performed in accordance
with the terms hereof and that the parties shall be entitled to specific
performance of the terms hereof, in addition to any other remedy at law or
equity; provided, however, that each of the parties agrees to provide other
parties with written notice at least two business days prior to filing any
motion or other pleading seeking a temporary restraining order, a temporary or
permanent injunction, specific performance, or any other equitable remedy and to
give other parties and their counsel a reasonable opportunity to attend and
participate in any judicial or administrative hearing or other proceeding held
to adjudicate or rule upon any such motion or pleading.

                  XI.4 ACTIONS TAKEN; AMENDMENTS AND WAIVERS.

                  (a) Whenever any action is required under this Agreement to be
taken by, or any vote or consent is required of,

                  (i) the Management Stockholders (and Additional Management
                  Stockholders) (as a group as opposed to the exercise by a
                  Management Stockholder or Additional Management Stockholder,
                  as the case may be, of his individual rights hereunder),
                  unless otherwise agreed by the Company and the Management
                  Stockholders and/or the Additional Management Stockholders,
                  such action, vote or consent shall be taken or in accordance
                  with the affirmative vote of the holders of a majority (by
                  number of shares) of the Registrable Securities held by

                                       20
<PAGE>   24

                  Management Stockholders and Additional Management
                  Stockholders; or

                  (ii) the Additional Stockholders (as a group as opposed to the
                  exercise by an Additional Stockholder of his individual rights
                  hereunder), unless otherwise agreed by the Company and the
                  Additional Stockholders, such action, vote or consent shall be
                  taken by or in accordance with the affirmative vote of the
                  holders of a majority (by number of shares) of the Registrable
                  Securities held by the Additional Stockholders.

                  (b) Except as otherwise provided herein, no modification,
amendment or waiver of any provision of this Agreement will be effective against
the Company or any holder of Registrable Securities, unless such modification,
amendment or waiver is approved in writing by the Company, the Required
Institutional Stockholders, and, in the event that the rights and obligations of
the Management Stockholders and/or the Additional Stockholders are adversely
affected thereby, the approval of the Management Stockholders and/or the
Additional Stockholders, as the case may be. The failure of any party to enforce
any of the provisions of this Agreement will in no way be construed as a waiver
of such provisions and will not affect the right of such party thereafter to
enforce each and every provision of this Agreement in accordance with its terms.

                  XI.5 SUCCESSORS AND ASSIGNS.

                  All covenants and agreements 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, 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, except to the extent reserved to or
by the transferor in connection with any such transfer; provided, that the
benefits of this Agreement shall inure to and be enforceable by any transferee
of Registrable Securities so long as such transferee shall have acquired such
securities in accordance with the terms of the Stockholders' Agreement and shall
have executed a Registration Rights Joinder Agreement.

                  XI.6     NOTICES.

                  (a) All notices, requests and other communications hereunder
must be in writing and will be deemed to have been duly given only if delivered
personally against written receipt or by facsimile transmission or mailed (by
registered or certified mail, return receipt requested) or by reputable
overnight courier, fee prepaid to the parties at the following addresses or
facsimile numbers:

                  (i)      If to any Institutional Stockholder, to:

                                       21
<PAGE>   25

                           Court Square Capital Limited
                           399 Park Avenue
                           New York, New York  10043
                           Facsimile No.:  212-888-2940
                           Attn:  Michael A. Delaney

                           with a copy to:

                           Morgan, Lewis & Bockius LLP
                           101 Park Avenue
                           New York, New York  10178
                           Facsimile No.:  212-309-6273
                           Attn:  Philip H. Werner

                  (ii)     If to any Management Stockholder, Additional
                           Management Stockholder or Additional Stockholder, to
                           the address of such Person set forth in the stock
                           records of the Company.

                  (b) All such notices, requests and other communications will
be deemed delivered upon receipt. Any party from time to time may change its
address, facsimile number or other information for the purpose of notices to
that party by giving notice specifying such change to the other parties hereto.

                  XI.7 HEADINGS.

                  The headings used in this Agreement have been inserted for
convenience of reference only and do not affect the provisions hereof.

                  XI.8 GENDER.

                  Whenever the pronouns "he" or "his" are used herein they shall
also be deemed to mean "she" or "hers" or "it" or "its" whenever applicable.
Words in the singular shall be read and construed as though in the plural and
words in the plural shall be construed as though in the singular in all cases
where they would so apply.

                  XI.9 INVALID PROVISIONS.

                  If any provision of this Agreement is held to be illegal,
invalid or unenforceable under any present or future law, and if the rights or
obligations of any party hereto under this Agreement will not be materially and
adversely affected thereby, (i) such provision will be fully severable, (ii)
this Agreement will be construed and enforced as if such illegal, invalid or
unenforceable provision had never comprised a part hereof, (iii) the remaining
provisions of this

                                       22
<PAGE>   26

Agreement will remain in full force and effect and will not be affected by the
illegal, invalid or unenforceable provision or by its severance herefrom and
(iv) in lieu of such illegal, invalid or unenforceable provision, there will be
added automatically as a part of this Agreement a legal, valid and enforceable
provision as similar in terms to such illegal, invalid or unenforceable
provision as may be possible.

                  XI.10 GOVERNING LAW.

                  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT
TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF NEW
YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF
ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK.

                  XI.11 SERVICE OF PROCESS.

                  EACH OF THE PARTIES HERETO IRREVOCABLY CONSENTS TO THE SERVICE
OF PROCESS IN ANY ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY
REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE PARTY AT THE ADDRESS
SPECIFIED IN THIS AGREEMENT, SUCH SERVICE TO BECOME EFFECTIVE FIFTEEN (15) DAYS
AFTER SUCH MAILING. NOTHING HEREIN SHALL IN ANY WAY BE DEEMED TO LIMIT THE
ABILITY OF ANY PARTY HERETO TO SERVE ANY SUCH LEGAL PROCESS, SUMMONS, NOTICES
AND DOCUMENTS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW OR TO OBTAIN
JURISDICTION OVER OR TO BRING ACTIONS, SUITS OR PROCEEDINGS AGAINST ANY OF THE
OTHER PARTIES HERETO IN SUCH OTHER JURISDICTIONS, AND IN SUCH MANNER, AS MAY BE
PERMITTED BY ANY APPLICABLE LAW.

                  XI.12 WAIVER OF JURY TRIAL.

                  EACH OF THE PARTIES HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS
TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF
THIS AGREEMENT. EACH OF THE PARTIES HERETO ALSO WAIVES ANY BOND OR SURETY OR
SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE REQUIRED OF SUCH
PARTY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND
ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT
MATTER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION, CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.
EACH OF THE PARTIES HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED
THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES
ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS

                                       23
<PAGE>   27

WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN
WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. IN THE EVENT OF LITIGATION, THIS
AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

                  XI.13 COUNTERPARTS.

                  This Agreement may be executed in any number of counterparts,
each of which will be deemed an original, but all of which together will
constitute one and the same instrument.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       24
<PAGE>   28

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

                                  MSX INTERNATIONAL, INC.

                                  By:
                                     -------------------------------------------
                                     Name:  Frederick K. Minturn
                                     Title: Executive Vice President

                                  COURT SQUARE CAPITAL LIMITED

                                  By:
                                     -------------------------------------------
                                     Name:  Michael A. Delaney
                                     Title: Vice President

                                  MANAGEMENT STOCKHOLDERS

                                  Billig Family Limited Partnership

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

                                  ----------------------------------------------
                                  Frederick K. Minturn

                                  ----------------------------------------------
                                  Thomas Stallkamp

                                  ----------------------------------------------
                                  John W. Risk

                                  Kyung Ae Bae and Ralph L. Miller, Trustees
                                  under Trust Agreement, dated October 16, 1989,
                                  between Kyung Ae Bae, Settlor, and Kyung Ae
                                  Bae, Trustee

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

                                  CVC GROUP

                                  ----------------------------------------------
                                  Richard M. Cashin

<PAGE>   29

                                  Natasha Partnership

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

                                  63BR Partnership

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

                                  ----------------------------------------------
                                  Noelle Doumar

                                  ----------------------------------------------
                                  Michael A. Delaney

                                  Alchemy, L.P.

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

                                  ----------------------------------------------
                                  M. Saleem Muqaddam

                                  ----------------------------------------------
                                  Joseph Silvestri

                                  ----------------------------------------------
                                  David F. Thomas

                                  ----------------------------------------------
                                  James A. Urry

                                  ADDITIONAL MANAGEMENT STOCKHOLDERS

                                  ----------------------------------------------
                                  Roger Fridholm

                                  ----------------------------------------------
                                  Kenneth Sommer

<PAGE>   30

                                                                       Exhibit A

                  Form of Registration Rights Joinder Agreement

MSX INTERNATIONAL, INC.
275 Rex Boulevard
Auburn Hills, MI 48326
Attention: Chief Executive Officer

Ladies & Gentlemen:

                  In consideration of the [TRANSFER][ISSUANCE] to the
undersigned of [DESCRIBE SECURITY BEING TRANSFERRED/ISSUED] of MSX
INTERNATIONAL, INC., a Delaware corporation (the "Company"), the undersigned
[REPRESENTS THAT IT IS A PERMITTED TRANSFEREE OF [INSERT NAME OF TRANSFEROR]
AND]* agrees that, as of the date written below, [HE][SHE][IT] shall become a
party to[, AND A PERMITTED TRANSFEREE AS DEFINED IN,]* that certain Amended and
Restated Registration Rights Agreement, effective as of November 28, 2000, as
such agreement may have been amended, supplemented or modified from time to time
(the "Agreement"), among the Company and the persons named therein, and [AS A
PERMITTED TRANSFEREE SHALL BE FULLY BOUND BY, AND SUBJECT TO, ALL OF THE
COVENANTS, TERMS AND CONDITIONS OF THE AGREEMENT THAT WERE APPLICABLE TO THE
UNDERSIGNED'S TRANSFEROR,]* [SHALL BE FULLY BOUND BY, AND SUBJECT TO, THE
COVENANTS, TERMS AND CONDITIONS OF THE AGREEMENT AS PROVIDED UNDER SECTION 11.5
OF THE AGREEMENT]** [SHALL BE FULLY BOUND BY, AND SUBJECT TO, ALL OF THE
COVENANTS, TERMS AND CONDITIONS OF THE AGREEMENT,]*** as though an original
party thereto and shall be deemed a [MANAGEMENT STOCKHOLDER] [ADDITIONAL
STOCKHOLDER] [INSTITUTIONAL STOCKHOLDER]**** for [ALL]* [SOLELY FOR]** [ALL]***
purposes thereof.

                  Executed as of the             day of              ,      .

                                     SIGNATORY:

                                     Address:

                                     ACKNOWLEDGED AND ACCEPTED:

                                     MSX INTERNATIONAL, INC.

                                     By:
                                          Name:
                                          Title:

*        Include if signatory is a Permitted Transferee
**       Include if signatory is a Third Party
***      Include if signatory is an Additional Stockholder
****     Include if signatory is receiving securities from a Management
         Stockholder, an Additional Stockholder or an Institutional Stockholder;
         if signatory is an Additional Stockholder receiving securities issued
         by the Company insert [Additional Stockholder]

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