Document:

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                                                                    EXHIBIT 10.2

             FIRST AMENDMENT TO CREDIT AGREEMENT; FIRST AMENDMENT TO
       U.S. SUBSIDIARIES GUARANTY; FIRST AMENDMENT TO FOREIGN SUBSIDIARIES
       GUARANTY; FIRST AMENDMENT TO INTERCOMPANY SUBORDINATION AGREEMENT;
                  AND FIRST AMENDMENT TO CAPITAL CALL AGREEMENT

                  FIRST AMENDMENT TO CREDIT AGREEMENT; FIRST AMENDMENT TO U.S.
SUBSIDIARIES GUARANTY; FIRST AMENDMENT TO FOREIGN SUBSIDIARIES GUARANTY; FIRST
AMENDMENT TO INTERCOMPANY SUBORDINATION AGREEMENT; AND FIRST AMENDMENT TO
CAPITAL CALL AGREEMENT (collectively, this "Amendment"), dated as of May 29,
2003, among DHM HOLDING COMPANY, INC., a Delaware corporation ("Holdings"), DOLE
FOOD COMPANY, INC., a Delaware corporation (the "U.S. Borrower"), SOLVEST LTD.,
a corporation organized under the laws of Bermuda (the "Bermuda Borrower" and,
together with the U.S. Borrower, the "Borrowers"), certain Subsidiaries of
Holdings party to the U.S. Subsidiaries Guaranty, the Foreign Subsidiaries
Guaranty and the Intercompany Subordination Agreement, David H. Murdock,
individually (in such capacity, "DHM"), and as trustee for the Murdock Trust
referred to in the Capital Call Agreement (in such capacity, the "Murdock
Trustee"), the Lenders from time to time party to the Credit Agreement, DEUTSCHE
BANK AG NEW YORK BRANCH, as Administrative Agent (in such capacity, the
"Administrative Agent"), THE BANK OF NOVA SCOTIA and BANC OF AMERICA SECURITIES
LLC, as Co-Syndication Agents (in such capacity, each, a "Co-Syndication Agent"
and, collectively, the "Co-Syndication Agents"), FLEET NATIONAL BANK and SOCIETE
GENERALE, as Co-Documentation Agents (in such capacity, each, a
"Co-Documentation Agent" and, collectively, the "Co-Documentation Agents") and
DEUTSCHE BANK SECURITIES INC., THE BANK OF NOVA SCOTIA AND BANC OF AMERICA
SECURITIES LLC, as Joint Lead Arrangers and Book Runners (in such capacity, each
a "Joint Lead Arranger" and, collectively, the "Joint Lead Arrangers"). All
capitalized terms used herein and not otherwise defined shall have the
respective meanings provided such terms in the Credit Agreement.

                                   WITNESSETH:

                  WHEREAS, Holdings, the Borrowers, the Lenders, the Agents and
the Joint Lead Arrangers are parties to a Credit Agreement, dated as of March
28, 2003 (as amended, modified or supplemented from time to time to, but not
including, the date hereof, the "Credit Agreement");

                  WHEREAS, Holdings, the Borrowers, various Domestic
Subsidiaries of Holdings and the Administrative Agent are parties to a U.S.
Subsidiaries Guaranty, dated as of March 28, 2003 (as amended, modified or
supplemented from time to time to, but not including, the date hereof, the "U.S.
Subsidiaries Guaranty");

                  WHEREAS, Holdings, the Borrowers, various Foreign Subsidiaries
of Holdings and the Administrative Agent are parties to a Foreign Subsidiaries
Guaranty, dated as of March 28, 2003 (as amended, modified or supplemented from
time to time to, but not including, the date hereof, the "Foreign Subsidiaries
Guaranty");

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                  WHEREAS, Holdings, the Borrowers, various Subsidiaries of
Holdings and the Collateral Agent are parties to an Intercompany Subordination
Agreement, dated as of March 28, 2003 (as amended, modified or supplemented from
time to time to, but not including, the date hereof, the "Intercompany
Subordination Agreement");

                  WHEREAS, DHM, the Murdock Trustee, Holdings and the
Administrative Agent are parties to a Capital Call Agreement, dated as of March
28, 2003 (as amended, modified or supplemented from time to time to, but not
including, the date hereof, the "Capital Call Agreement"); and

                  WHEREAS, subject to the terms and conditions of this
Amendment, the parties hereto wish to amend the Credit Agreement, the U.S.
Subsidiaries Guaranty, the Foreign Subsidiaries Guaranty, the Intercompany
Subordination Agreement and the Capital Call Agreement, and to enter into
certain agreements relating to the Credit Agreement, in each case as herein
provided;

                  NOW, THEREFORE, it is agreed:

I. Amendments and Agreements Relating to Credit Agreement.

                  1. Section 1.01(c) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
1.01(c) in lieu thereof:

                  "(c) Multicurrency Facility Revolving Loans. Subject to and
         upon the terms and conditions set forth herein, each Multicurrency
         Facility RL Lender severally agrees to make, at any time and from time
         to time on or after the Initial Borrowing Date and prior to the
         Revolving Loan Maturity Date, (I) a revolving loan or revolving loans
         to the U.S. Borrower (each, a "U.S. Borrower Multicurrency Facility
         Revolving Loan" and, collectively, the "U.S. Borrower Multicurrency
         Facility Revolving Loans") and (II) a revolving loan or revolving loans
         to the Bermuda Borrower (each, a "Bermuda Borrower Multicurrency
         Facility Revolving Loan" and, collectively, the "Bermuda Borrower
         Multicurrency Facility Revolving Loans" and with the revolving loans
         made to the U.S. Borrower or the Bermuda Borrower pursuant to this
         Section 1.01(c) being each called a "Multicurrency Facility Revolving
         Loan"), which Multicurrency Facility Revolving Loans:

                           (i) shall (subject to Section 1.14) be made and
                  maintained in the respective Available Currency elected by the
                  U.S. Borrower or the Bermuda Borrower, as the case may be;

                           (ii) except as hereafter provided, shall, at the
                  option of the U.S. Borrower or the Bermuda Borrower, be
                  incurred and maintained as, and/or converted into, one or more
                  Borrowings of Base Rate Loans, Eurodollar Loans or Euro
                  Denominated Revolving Loans, provided that (A) except as
                  otherwise specifically provided in Section 1.10(b), all
                  Multicurrency Facility Revolving Loans made as part of the
                  same Borrowing shall at all times consist of Multicurrency
                  Facility Revolving Loans of the same Type, and (B) unless the
                  Administrative Agent has determined that the Syndication Date
                  has occurred (at

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                  which time this clause (B) shall no longer be applicable), (1)
                  no more than three Borrowings of Multicurrency Facility
                  Revolving Loans to be maintained as Eurodollar Loans may be
                  incurred prior to the 90th day after the Initial Borrowing
                  Date (or, if later, the last day of the Interest Period
                  applicable to the third Borrowing of Eurodollar Loans referred
                  to below), each of which Borrowings of Eurodollar Loans may
                  only have an Interest Period of one month, and the first of
                  which Borrowings may only be made on the same date as the
                  initial Borrowing of Tranche A Term Loans that are maintained
                  as Eurodollar Loans, the second of which Borrowings may only
                  be made on the last day of the Interest Period of the first
                  such Borrowing and the third of which Borrowings may only be
                  made on the last day of the Interest Period of the second such
                  Borrowing and (2) all Borrowings of Euro Denominated Revolving
                  Loans shall have Interest Periods of one week;

                           (iii) may be repaid and reborrowed in accordance with
                  the provisions hereof;

                           (iv) shall not be made (and shall not be required to
                  be made) by any Multicurrency Facility RL Lender in any
                  instance where the incurrence thereof (after giving effect to
                  the use of the proceeds thereof on the date of the incurrence
                  thereof to repay any amounts theretofore outstanding pursuant
                  to this Agreement) would cause the Individual Multicurrency
                  Facility RL Exposure of such Multicurrency Facility RL Lender
                  to exceed the amount of its Multicurrency Facility Revolving
                  Loan Commitment at such time;

                           (v) shall not be made (and shall not be required to
                  be made) by any Multicurrency Facility RL Lender if the making
                  of same would cause the Aggregate Multicurrency Facility RL
                  Exposure (after giving effect to the use of the proceeds
                  thereof on the date of the incurrence thereof to repay any
                  amounts theretofore outstanding pursuant to this Agreement) to
                  exceed the Total Multicurrency Facility Revolving Loan
                  Commitment as then in effect; and

                           (vi) in the case of any Borrowing of U.S. Borrower
                  Multicurrency Facility Revolving Loans, shall not be made (and
                  shall not be required to be made) by any Multicurrency
                  Facility RL Lender if the making of same would cause the
                  Aggregate U.S. Borrower Multicurrency Facility RL Exposure
                  (after giving effect to the use of the proceeds thereof on the
                  date of the incurrence thereof to repay any amounts
                  theretofore outstanding pursuant to this Agreement) to exceed
                  $50,000,000;

         provided, that each Multicurrency Facility Revolving Loan made to the
         Bermuda Borrower prior to the First Amendment Effective Date, and
         outstanding on the First Amendment Effective Date, shall be deemed to
         be a Bermuda Borrower Multicurrency Facility Revolving Loan for all
         purposes of this Agreement and the other Credit Documents following the
         First Amendment Effective Date. The Bermuda Borrower shall have no
         liability with respect to any U.S. Borrower Multicurrency Facility
         Revolving

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         Loans which may be extended to, and which shall constitute obligations
         of, the U.S. Borrower.".

                  2. Section 1.01(e) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
1.01(e) in lieu thereof:

                  "(e) Multicurrency Facility Swingline Loans. Subject to and
         upon the terms and conditions set forth herein, the Swingline Lender
         agrees to make, at any time and from time to time on or after the
         Initial Borrowing Date and prior to the Swingline Expiry Date, (I) a
         revolving loan or revolving loans to the U.S. Borrower (each, a "U.S.
         Borrower Multicurrency Facility Swingline Loan" and, collectively, the
         "U.S. Borrower Multicurrency Facility Swingline Loans") and (II) a
         revolving loan or revolving loans to the Bermuda Borrower (each, a
         "Bermuda Borrower Multicurrency Facility Swingline Loan" and,
         collectively, the "Bermuda Borrower Multicurrency Facility Swingline
         Loans" and with the revolving loans made to the U.S. Borrower or the
         Bermuda Borrower pursuant to this Section 1.01(e) being each called a
         "Multicurrency Facility Swingline Loan"), which Multicurrency Facility
         Swingline Loans:

                           (i) shall (subject to Section 1.14) be made and
                  maintained in the respective Available Currency elected by the
                  U.S. Borrower or the Bermuda Borrower, as the case may be;

                           (ii) shall be made and maintained as Base Rate Loans
                  or Euro Denominated Swingline Loans;

                           (iii) may be repaid and reborrowed in accordance with
                  the provisions hereof;

                           (iv) shall not be made (and shall not be required to
                  be made) if the making of same would cause the Aggregate
                  Multicurrency Facility RL Exposure (after giving effect to the
                  use of the proceeds thereof on the date of the incurrence
                  thereof to repay any amounts theretofore outstanding pursuant
                  to this Agreement) to exceed the Total Multicurrency Facility
                  Revolving Loan Commitment at such time;

                           (v) shall not exceed in aggregate principal amount at
                  any time outstanding (taking the Dollar Equivalents of all
                  amounts in Euros), when added to the aggregate principal
                  amount of Dollar Facility Swingline Loans then outstanding,
                  the Maximum Swingline Amount; and

                           (vi) in the case of any Borrowing of U.S. Borrower
                  Multicurrency Facility Swingline Loans, shall not be made (and
                  shall not be required to be made) if the making of same would
                  cause the Aggregate U.S. Borrower Dollar Facility RL Exposure
                  (after giving effect to the use of the proceeds thereof on the
                  date of the incurrence thereof to repay any amounts
                  theretofore outstanding pursuant to this Agreement) to exceed
                  $50,000,000;

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         provided, that each Multicurrency Facility Swingline Loan made to the
         Bermuda Borrower prior to the First Amendment Effective Date, and
         outstanding on the First Amendment Effective Date, shall be deemed to
         be a Bermuda Borrower Multicurrency Facility Swingline Loan for all
         purposes of this Agreement and the other Credit Documents following the
         First Amendment Effective Date. Notwithstanding anything to the
         contrary contained in this Section 1.01(e), (x) the Swingline Lender
         shall not be obligated to make any Multicurrency Facility Swingline
         Loans at a time when a Lender Default exists with respect to any
         Multicurrency Facility RL Lender unless the Swingline Lender has
         entered into arrangements satisfactory to it to eliminate the Swingline
         Lender's risk with respect to the Defaulting Lender's or Defaulting
         Lenders' refunding obligations (through the requirement that Mandatory
         Multicurrency Facility RL Borrowings be made from time to time) in
         respect of such Multicurrency Facility Swingline Loans, including by
         cash collateralizing (in the relevant currency or currencies) such
         Defaulting Lender's or Defaulting Lenders' Multicurrency Facility RL
         Percentages of the outstanding Multicurrency Facility Swingline Loans
         and (y) the Swingline Lender shall not make any Multicurrency Facility
         Swingline Loan after it has received written notice from any Credit
         Agreement Party, the Required Lenders stating that a Default or an
         Event of Default exists and is continuing until such time as the
         Swingline Lender shall have received written notice (A) of rescission
         of all such notices from the party or parties originally delivering
         such notice or notices or (B) of the waiver of such Default or Event of
         Default by the Required Lenders. The Bermuda Borrower shall have no
         liability with respect to any U.S. Borrower Multicurrency Facility
         Swingline Loans which may be extended to, and shall constitute
         obligations of, the U.S. Borrower.".

                  3. Section 1.01(g) of the Credit Agreement is hereby amended
by deleting the first sentence of said Section in its entirety and inserting the
following new sentence in lieu thereof:

         "On any Business Day, the Swingline Lender may, in its sole discretion,
         give notice to the Multicurrency Facility RL Lenders that the
         outstanding U.S. Borrower Multicurrency Facility Swingline Loans or
         Bermuda Borrower Multicurrency Facility Swingline Loans in a given
         Available Currency shall be funded with a Borrowing of U.S. Borrower
         Multicurrency Facility Revolving Loans or Bermuda Borrower
         Multicurrency Facility Revolving Loans, as the case may be, in such
         Available Currency (provided that (x) such notice shall be deemed to
         have been automatically given upon the occurrence of a Default or an
         Event of Default under Section 10.05 or upon the exercise of any of the
         remedies provided in the last paragraph of Section 10 and (y) if a
         Sharing Event shall have occurred, all such Multicurrency Facility
         Swingline Loans shall be denominated in Dollars in accordance with the
         provisions of Section 1.14, and refunded through a Mandatory
         Multicurrency Facility RL Borrowing denominated in Dollars as provided
         below), in which case a Borrowing of U.S. Borrower Multicurrency
         Facility Revolving Loans or Bermuda Borrower Multicurrency Facility
         Revolving Loans, as the case may be, denominated in the respective
         Available Currency (subject to the provisions of clause (y) of the
         immediately preceding parenthetical sentence) (each such Borrowing, a
         "Mandatory Multicurrency Facility RL Borrowing") shall be made on the
         third succeeding Business Day by all Multicurrency Facility RL Lenders
         pro rata based on

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         each such Multicurrency Facility RL Lender's Multicurrency Facility RL
         Percentage and the proceeds thereof shall be applied directly to the
         Swingline Lender to repay the Swingline Lender for such outstanding
         Multicurrency Facility Swingline Loans. Each Multicurrency Facility RL
         Lender hereby irrevocably agrees to make U.S. Borrower Multicurrency
         Facility Revolving Loans (in the case of a refunding of U.S. Borrower
         Multicurrency Facility Swingline Loans) and Bermuda Borrower
         Multicurrency Facility Revolving Loans (in the case of a refunding of
         Bermuda Borrower Multicurrency Facility Swingline Loans) in the
         relevant Available Currency upon three Business Days' notice pursuant
         to each Mandatory Multicurrency Facility RL Borrowing in the amount and
         in the manner specified in the preceding sentence and on the date
         specified in writing by the Swingline Lender notwithstanding (i) that
         the amount of the Mandatory Multicurrency Facility RL Borrowing may not
         comply with the minimum amount for Borrowings otherwise required
         hereunder, (ii) whether any conditions specified in Sections 6A and 6B
         are then satisfied, (iii) whether a Default or an Event of Default then
         exists, (iv) the date of such Mandatory Multicurrency Facility RL
         Borrowing, (v) the amount of the Total Multicurrency Facility Revolving
         Loan Commitment at such time and (vi) the amount of the Multicurrency
         Facility Revolving Loan Commitment of such Multicurrency Facility RL
         Lender at such time.".

                  4. Section 1.03(a) of the Credit Agreement is hereby amended
by deleting clause (iii) of said Section in its entirety and inserting the
following new clause (iii) in lieu thereof:

         "(iii) whether the respective Borrowing shall consist of Tranche A Term
         Loans, Tranche B Term Loans, U.S. Borrower Multicurrency Facility
         Revolving Loans, Bermuda Borrower Multicurrency Facility Revolving
         Loans, U.S. Borrower Dollar Facility Revolving Loans or Bermuda
         Borrower Dollar Facility Revolving Loans,".

                  5. Section 1.03(b) of the Credit Agreement is hereby amended
by deleting clause (C) of said Section in its entirety and inserting the
following new clause (C) in lieu thereof:

         "(C) whether the respective Swingline Loans shall constitute U.S.
         Borrower Multicurrency Facility Swingline Loans, Bermuda Borrower
         Multicurrency Facility Swingline Loans, U.S. Borrower Dollar Facility
         Swingline Loans or Bermuda Borrower Dollar Facility Swingline Loans.".

                  6. Section 1.05(a) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
1.05(a) in lieu thereof:

         "(a) Subject to the provisions of Section 1.05(m), the Bermuda
         Borrower's (in the case of Tranche B Term Loans, Bermuda Borrower
         Multicurrency Facility Revolving Loans, Bermuda Borrower Multicurrency
         Facility Swingline Loans, Bermuda Borrower Dollar Facility Revolving
         Loans and Bermuda Borrower Dollar Facility Swingline Loans) and the
         U.S. Borrower's (in the case of Tranche A Term Loans, U.S. Borrower
         Multicurrency Facility Revolving Loans, U.S. Borrower Multicurrency
         Facility Swingline Loans, U.S. Borrower Dollar Facility Revolving Loans
         and U.S. Borrower Dollar Facility Swingline

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         Loans) obligation to pay the principal of, and interest on, the Loans
         made by each Lender shall be evidenced (i) if Tranche A Term Loans, by
         a promissory note duly executed and delivered by the U.S. Borrower
         substantially in the form of Exhibit B-1 with blanks appropriately
         completed in conformity herewith (each, a "Tranche A Term Note" and,
         collectively, the "Tranche A Term Notes"), (ii) if Tranche B Term
         Loans, by a promissory note duly executed and delivered by the Bermuda
         Borrower substantially in the form of Exhibit B-2 with blanks
         appropriately completed in conformity herewith (each, a "Tranche B Term
         Note" and, collectively, the "Tranche B Term Notes"), (iii) if U.S.
         Borrower Multicurrency Facility Revolving Loans, by a promissory note
         duly executed and delivered by the U.S. Borrower substantially in the
         form of Exhibit B-3A, with blanks appropriately completed in conformity
         herewith (each, a "U.S. Borrower Multicurrency Facility Revolving Note"
         and, collectively, the "U.S. Borrower Multicurrency Facility Revolving
         Notes"), (iv) if Bermuda Borrower Multicurrency Facility Revolving
         Loans, by a promissory note duly executed and delivered by the Bermuda
         Borrower substantially in the form of Exhibit B-3B, with blanks
         appropriately completed in conformity herewith (each, a "Bermuda
         Borrower Multicurrency Facility Revolving Note" and, collectively, the
         "Bermuda Borrower Multicurrency Facility Revolving Notes"), (v) if U.S.
         Borrower Dollar Facility Revolving Loans, by a promissory note duly
         executed and delivered by the U.S. Borrower substantially in the form
         of Exhibit B-4, with blanks appropriately completed in conformity
         herewith (each, a "U.S. Borrower Dollar Facility Revolving Note" and,
         collectively, the "U.S. Borrower Dollar Facility Revolving Notes"),
         (vi) if Bermuda Borrower Dollar Facility Revolving Loans, by a
         promissory note duly executed and delivered by the Bermuda Borrower
         substantially in the form of Exhibit B-5, with blanks appropriately
         completed in conformity herewith (each, a "Bermuda Borrower Dollar
         Facility Revolving Note" and, collectively, the "Bermuda Borrower
         Dollar Facility Revolving Notes"), (vii) if U.S. Borrower Multicurrency
         Facility Swingline Loans, by a promissory note duly executed and
         delivered by the U.S. Borrower substantially in the form of Exhibit
         B-6A, with blanks appropriately completed in conformity herewith (the
         "U.S. Borrower Multicurrency Facility Swingline Note"), (viii) if
         Bermuda Borrower Multicurrency Facility Swingline Loans, by a
         promissory note duly executed and delivered by the Bermuda Borrower
         substantially in the form of Exhibit B-6B, with blanks appropriately
         completed in conformity herewith (the "Bermuda Borrower Multicurrency
         Facility Swingline Note"), (ix) if U.S. Borrower Dollar Facility
         Swingline Loans, by a promissory note duly executed and delivered by
         the U.S. Borrower substantially in the form of Exhibit B-7, with blanks
         appropriately completed in conformity herewith (the "U.S. Borrower
         Dollar Facility Swingline Note"), and (x) if Bermuda Borrower Dollar
         Facility Swingline Loans, by a promissory note duly executed and
         delivered by the Bermuda Borrower substantially in the form of Exhibit
         B-8, with blanks appropriately completed in conformity herewith (the
         "Bermuda Borrower Dollar Facility Swingline Note").".

                  7. Section 1.05(d) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
1.05(d) in lieu thereof:

                  "(d) The U.S. Borrower Multicurrency Facility Revolving Note
         issued to each Multicurrency Facility RL Lender shall (i) be executed
         by the U.S. Borrower, (ii) be payable to the order of such
         Multicurrency Facility RL Lender (or an affiliate designated

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         by such Multicurrency Facility RL Lender) or its registered assigns and
         be dated the First Amendment Effective Date (or, if issued thereafter,
         the date of issuance thereof), (iii) be in a stated principal amount
         (expressed in Dollars) equal to the Multicurrency Facility Revolving
         Loan Commitment of such Multicurrency Facility RL Lender on the date of
         issuance thereof (or, if issued after the termination of such
         Multicurrency Facility Revolving Loan Commitment, in an amount equal to
         the Individual U.S. Borrower Multicurrency Facility RL Exposure of the
         respective Multicurrency Facility RL Lender), provided that if, because
         of fluctuations in exchange rates after the date of issuance thereof,
         the U.S. Borrower Multicurrency Facility Revolving Note of any
         Multicurrency Facility RL Lender would not be at least as great as the
         outstanding principal amount (taking the Dollar Equivalent of all Euro
         Denominated Loans evidenced thereby) of the U.S. Borrower Multicurrency
         Facility Revolving Loans made by such Multicurrency Facility RL Lender
         at any time outstanding, the respective Multicurrency Facility RL
         Lender may request (and in such case the U.S. Borrower shall promptly
         execute and deliver) a new U.S. Borrower Multicurrency Facility
         Revolving Note in an amount equal to the aggregate principal amount
         (taking the Dollar Equivalent of all Euro Denominated Loans evidenced
         thereby) of the U.S. Borrower Multicurrency Facility Revolving Loans of
         such Multicurrency Facility RL Lender outstanding on the date of the
         issuance of such new U.S. Borrower Multicurrency Facility Revolving
         Note, (iv) with respect to each U.S. Borrower Multicurrency Facility
         Revolving Loan evidenced thereby, be payable in the respective
         Available Currency in which such U.S. Borrower Multicurrency Facility
         Revolving Loan was made, provided that the obligations with respect to
         each Euro Denominated Loan evidenced thereby shall be subject to
         conversion into Dollar Denominated Loans as provided in (and in the
         circumstances contemplated by) Section 1.14, (v) mature on the
         Revolving Loan Maturity Date, (vi) bear interest as provided in the
         appropriate clauses of Section 1.08 in respect of the U.S. Borrower
         Multicurrency Facility Revolving Loans evidenced thereby from time to
         time, (vii) be subject to voluntary prepayment as provided in Section
         4.01 and mandatory repayment as provided in Section 4.02 and (viii) be
         entitled to the benefits of this Agreement and the other Credit
         Documents.".

                  8. Section 1.05(k) of the Credit Agreement is hereby amended
by deleting the text "preceding clause (j)" appearing in the third sentence of
said Section and inserting the text "preceding clause (l)" in lieu thereof.

                  9. Section 1.05 of the Credit Agreement is hereby further
amended by (i) deleting sub-section (g) of said Section in its entirety, (ii)
redesignating sub-sections (e), (f), (h), (i), (j) and (k) as sub-sections (f),
(g), (j), (k), (l) and (m), respectively and (iii) inserting the following new
sub-sections (e), (h) and (i), in alphabetical order, in said Section:

                  "(e) The Bermuda Borrower Multicurrency Facility Revolving
         Note issued to each Multicurrency Facility RL Lender shall (i) be
         executed by the Bermuda Borrower, (ii) be payable to the order of such
         Multicurrency Facility RL Lender (or an affiliate designated by such
         Multicurrency Facility RL Lender) or its registered assigns and be
         dated the Initial Borrowing Date (or, if issued thereafter, the date of
         issuance thereof), (iii) be in a stated principal amount (expressed in
         Dollars) equal to the Multicurrency Facility Revolving Loan Commitment
         of such Multicurrency Facility RL Lender on the

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<PAGE>

         date of issuance thereof (or, if issued after the termination of such
         Multicurrency Facility Revolving Loan Commitment, in an amount equal to
         the Individual Bermuda Borrower Multicurrency Facility RL Exposure of
         the respective Multicurrency Facility RL Lender), provided that if,
         because of fluctuations in exchange rates after the date of issuance
         thereof, the Bermuda Borrower Multicurrency Facility Revolving Note of
         any Multicurrency Facility RL Lender would not be at least as great as
         the outstanding principal amount (taking the Dollar Equivalent of all
         Euro Denominated Loans evidenced thereby) of the Bermuda Borrower
         Multicurrency Facility Revolving Loans made by such Multicurrency
         Facility RL Lender at any time outstanding, the respective
         Multicurrency Facility RL Lender may request (and in such case the
         Bermuda Borrower shall promptly execute and deliver) a new Bermuda
         Borrower Multicurrency Facility Revolving Note in an amount equal to
         the aggregate principal amount (taking the Dollar Equivalent of all
         Euro Denominated Loans evidenced thereby) of the Bermuda Borrower
         Multicurrency Facility Revolving Loans of such Multicurrency Facility
         RL Lender outstanding on the date of the issuance of such new Bermuda
         Borrower Multicurrency Facility Revolving Note, (iv) with respect to
         each Bermuda Borrower Multicurrency Facility Revolving Loan evidenced
         thereby, be payable in the respective Available Currency in which such
         Bermuda Borrower Multicurrency Facility Revolving Loan was made,
         provided that the obligations with respect to each Euro Denominated
         Loan evidenced thereby shall be subject to conversion into Dollar
         Denominated Loans as provided in (and in the circumstances contemplated
         by) Section 1.14, (v) mature on the Revolving Loan Maturity Date, (vi)
         bear interest as provided in the appropriate clauses of Section 1.08 in
         respect of the Bermuda Borrower Multicurrency Facility Revolving Loans
         evidenced thereby from time to time, (vii) be subject to voluntary
         prepayment as provided in Section 4.01 and mandatory repayment as
         provided in Section 4.02 and (viii) be entitled to the benefits of this
         Agreement and the other Credit Documents; provided that each
         "Multicurrency Facility Revolving Note" issued by the Bermuda Borrower
         prior to the First Amendment Effective Date shall be deemed to be a
         "Bermuda Borrower Multicurrency Facility Revolving Note" for all
         purposes of this Agreement and the other Credit Documents following the
         First Amendment Effective Date.";

                  "(h) The U.S. Borrower Multicurrency Facility Swingline Note
         issued to the Swingline Lender shall (i) be executed by the U.S.
         Borrower, (ii) be payable to the order of the Swingline Lender and be
         dated the First Amendment Effective Date (or, if issued thereafter, the
         date of the issuance thereof), (iii) be in a stated principal amount
         (expressed in Dollars) equal to the Maximum Swingline Amount, provided
         that if, because of fluctuations in exchange rates after the date of
         issuance thereof, the U.S. Borrower Multicurrency Facility Swingline
         Note would not be at least as great as the outstanding principal amount
         (taking the Dollar Equivalent of all U.S. Borrower Multicurrency
         Facility Swingline Loans denominated in Euros) of U.S. Borrower
         Multicurrency Facility Swingline Loans at any time outstanding, the
         Swingline Lender may request that the U.S. Borrower (and in such case
         the U.S. Borrower shall) promptly execute and deliver a new U.S.
         Borrower Multicurrency Facility Swingline Note in an amount equal to
         the aggregate principal amount (taking the Dollar Equivalent of all
         U.S. Borrower Multicurrency Facility Swingline Loans outstanding in
         Euros) of U.S. Borrower Multicurrency Facility Swingline Loans
         outstanding, (iv) be payable with respect to each U.S. Borrower
         Multicurrency Facility Swingline Loan in the respective

                                      -9-
<PAGE>

         Available Currency in which such U.S. Borrower Multicurrency Facility
         Swingline Loan was made, provided that the obligations evidenced by the
         U.S. Borrower Multicurrency Facility Swingline Note with respect to
         U.S. Borrower Multicurrency Facility Swingline Loans incurred in Euros
         shall be subject to conversion into Dollar Denominated Loans as
         provided in (and in the circumstances contemplated by) Section 1.14,
         (v) mature on the Swingline Expiry Date, (vi) bear interest as provided
         in the appropriate clause of Section 1.08 in respect of the U.S.
         Borrower Multicurrency Facility Swingline Loans evidenced thereby from
         time to time, (vii) be subject to voluntary prepayment as provided in
         Section 4.01 and mandatory repayment as provided in Section 4.02 and
         (viii) be entitled to the benefits of this Agreement and the other
         Credit Documents."; and

                  "(i) The Bermuda Borrower Multicurrency Facility Swingline
         Note issued to the Swingline Lender shall (i) be executed by the
         Bermuda Borrower, (ii) be payable to the order of the Swingline Lender
         and be dated the Initial Borrowing Date (or, if issued thereafter, the
         date of the issuance thereof), (iii) be in a stated principal amount
         (expressed in Dollars) equal to the Maximum Swingline Amount, provided
         that if, because of fluctuations in exchange rates after the date of
         issuance thereof, the Bermuda Borrower Multicurrency Facility Swingline
         Note would not be at least as great as the outstanding principal amount
         (taking the Dollar Equivalent of all Bermuda Borrower Multicurrency
         Facility Swingline Loans denominated in Euros) of Bermuda Borrower
         Multicurrency Facility Swingline Loans at any time outstanding, the
         Swingline Lender may request that the Bermuda Borrower (and in such
         case the Bermuda Borrower shall) promptly execute and deliver a new
         Bermuda Borrower Multicurrency Facility Swingline Note in an amount
         equal to the aggregate principal amount (taking the Dollar Equivalent
         of all Bermuda Borrower Multicurrency Facility Swingline Loans
         outstanding in Euros) of Bermuda Borrower Multicurrency Facility
         Swingline Loans outstanding, (iv) be payable with respect to each
         Bermuda Borrower Multicurrency Facility Swingline Loan in the
         respective Available Currency in which such Bermuda Borrower
         Multicurrency Facility Swingline Loan was made, provided that the
         obligations evidenced by the Bermuda Borrower Multicurrency Facility
         Swingline Note with respect to Bermuda Borrower Multicurrency Facility
         Swingline Loans incurred in Euros shall be subject to conversion into
         Dollar Denominated Loans as provided in (and in the circumstances
         contemplated by) Section 1.14, (v) mature on the Swingline Expiry Date,
         (vi) bear interest as provided in the appropriate clause of Section
         1.08 in respect of the Bermuda Borrower Multicurrency Facility
         Swingline Loans evidenced thereby from time to time, (vii) be subject
         to voluntary prepayment as provided in Section 4.01 and mandatory
         repayment as provided in Section 4.02 and (viii) be entitled to the
         benefits of this Agreement and the other Credit Documents; provided
         that the "Multicurrency Facility Swingline Note" issued by the Bermuda
         Borrower prior to the First Amendment Effective Date shall be deemed to
         be the "Bermuda Borrower Multicurrency Facility Swingline Note" for all
         purposes of this Agreement and the other Credit Documents following the
         First Amendment Effective Date.".

                  10. Section 1.07 of the Credit Agreement is hereby amended by
deleting the text contained in the first parenthetical in said Section and
inserting the following text in lieu thereof:

                                      -10-
<PAGE>

         "including U.S. Borrower Multicurrency Facility Revolving Loans,
         Bermuda Borrower Multicurrency Facility Revolving Loans and Mandatory
         Multicurrency Facility RL Borrowings".

                  11. Section 1.08(a) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
1.08(a) in lieu thereof:

         "(a) The U.S. Borrower hereby agrees to pay (in the case of Tranche A
         Term Loans, U.S. Borrower Multicurrency Facility Revolving Loans, U.S.
         Borrower Multicurrency Facility Swingline Loans and U.S. Borrower
         Dollar Facility Revolving Loans, in each case maintained as Base Rate
         Loans, and U.S. Borrower Dollar Facility Swingline Loans (including any
         Euro Denominated Loan made to the U.S. Borrower and converted into a
         Dollar Denominated Loan pursuant to Section 1.14)) and the Bermuda
         Borrower hereby agrees to pay (in the case of Tranche B Term Loans,
         Bermuda Borrower Multicurrency Facility Revolving Loans, Bermuda
         Borrower Multicurrency Facility Swingline Loans and Bermuda Borrower
         Dollar Facility Revolving Loans, in each case maintained as Base Rate
         Loans, and Bermuda Borrower Dollar Facility Swingline Loans (including
         any Euro Denominated Loan made to the Bermuda Borrower and converted
         into a Dollar Denominated Loan pursuant to Section 1.14)), interest in
         respect of the unpaid principal amount of each Base Rate Loan made to
         it from the date the proceeds thereof are made available to it (or, in
         the case of a conversion of any Euro Denominated Loan into a Dollar
         Denominated Loan pursuant to Section 1.14, from the date of the
         conversion of such Loan) until the earlier of (i) the maturity (whether
         by acceleration or otherwise) of such Base Rate Loan and (ii) the
         conversion of such Base Rate Loan to a Eurodollar Loan pursuant to
         Section 1.06, at a rate per annum which shall be equal to the sum of
         the Base Rate in effect from time to time during the period such Base
         Rate Loan is outstanding plus the relevant Applicable Margin as in
         effect from time to time.".

                  12. Section 1.08(b) of the Credit Agreement is hereby amended
by (i) inserting the text ", U.S. Borrower Multicurrency Facility Revolving
Loans" immediately following the text "Tranche A Term Loans" appearing in the
first parenthetical in said Section and (ii) inserting the text "Bermuda
Borrower" immediately following the text "Tranche B Term Loans," appearing in
the second parenthetical in said Section.

                  13. Section 1.08(c) of the Credit Agreement is hereby amended
by deleting the text "The Bermuda Borrower" appearing in said Section and
inserting the text "Each Borrower" in lieu thereof.

                  14. Section 1.08(d) of the Credit Agreement is hereby amended
by deleting the text "The Bermuda Borrower" appearing in said Section and
inserting the text "Each Borrower" in lieu thereof.

                  15. Section 1.09 of the Credit Agreement is hereby amended by
(i) deleting the text "(x) in the case of a Eurodollar Loan, a one, two, three
or six-month period" appearing in said Section and inserting the text "(x) in
the case of a Eurodollar Loan, a one, two, three or six-month period or, to the
extent agreed to by all Lenders required to make Loans under the respective
Tranche, a nine or twelve-month period" in lieu thereof, (ii) deleting the first
instance

                                      -11-
<PAGE>

of the text "the Bermuda Borrower" appearing in the penultimate sentence of said
Section and inserting the text "the U.S. Borrower or the Bermuda Borrower, as
applicable" in lieu thereof, (iii) deleting the second instance of the text "the
Bermuda Borrower" appearing in the penultimate sentence of said Section and
inserting the text "the relevant Borrower" in lieu thereof, (iv) deleting the
text "the respective Borrower" appearing in the last sentence of said Section
and inserting the text "the U.S. Borrower or the Bermuda Borrower, as
applicable," in lieu thereof and (v) deleting the text "such Borrower" appearing
in the last sentence of said Section and inserting the text "the relevant
Borrower" in lieu thereof.

                  16. Section 1.10(a) of the Credit Agreement is hereby amended
by deleting clause (z) of said Section in its entirety and inserting the
following new clause (z) in lieu thereof:

         "(z) in the case of clause (iv) above, Euro Denominated Loans
         (exclusive of any such Euro Denominated Loans which have theretofore
         been funded) shall no longer be available until such time as the
         Administrative Agent notifies the respective Borrower or Borrowers and
         the Lenders that the circumstances giving rise to such notice by the
         Administrative Agent no longer exist, and any Notice of Borrowing or
         notice pursuant to Section 1.03(b)(i) given by the respective Borrower
         or Borrowers with respect to such Euro Denominated Loans which have not
         been incurred shall be deemed rescinded by such Borrower or
         Borrowers.".

                  17. Section 1.10(b) of the Credit Agreement is hereby amended
by deleting the text "the Bermuda Borrower" appearing in clause (i) of the
proviso of said Section and inserting the text "the U.S. Borrower or the Bermuda
Borrower, as the case may be," in lieu thereof.

                  18. Section 1.10(d) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
1.10(d) in lieu thereof:

                  "(d) In the event that any Lender shall in good faith
         determine (which determination shall, absent manifest error, be final
         and conclusive and binding on all parties hereto) at any time that such
         Lender is required to maintain reserves (including, without limitation,
         any marginal, emergency, supplemental, special or other reserves
         required by applicable law) which have been established by any Federal,
         state, local or foreign court or governmental agency, authority,
         instrumentality or regulatory body with jurisdiction over such Lender
         (including any branch, Affiliate or funding office thereof) in respect
         of any Euro Denominated Loans or any category of liabilities which
         includes deposits by reference to which the interest rate on any Euro
         Denominated Loan is determined or any category of extensions of credit
         or other assets which includes loans by a non-United States office of
         any Lender to non-United States residents, then, unless such reserves
         are included in the calculation of the interest rate applicable to such
         Euro Denominated Loans or in Section 1.10(a)(ii), such Lender shall
         promptly notify Holdings, the U.S. Borrower and/or the Bermuda Borrower
         in writing specifying the additional amounts required to indemnify such
         Lender against the cost of maintaining such reserves (such written
         notice to provide in reasonable detail a computation of such additional
         amounts) and the U.S. Borrower (in the case of U.S. Borrower
         Multicurrency Facility Revolving Loans and U.S. Borrower Multicurrency
         Facility Swingline Loans owing by it and, in

                                      -12-
<PAGE>

         each case, denominated in Euros) shall pay, and the Bermuda Borrower
         (in the case of Bermuda Borrower Multicurrency Facility Revolving Loans
         and Bermuda Borrower Multicurrency Facility Swingline Loans owing by it
         and, in each case, denominated in Euros) shall pay, to such Lender such
         specified amounts as additional interest at the time that the U.S.
         Borrower or the Bermuda Borrower is otherwise required to pay interest
         in respect of such Euro Denominated Loan or, if later, on written
         demand therefor by such Lender.".

                  19. Section 2A.01(a) of the Credit Agreement is hereby amended
by deleting the text contained in the last five sentences of said Section and
inserting the following text in lieu thereof:

         "All Multicurrency Facility Letters of Credit shall be denominated in
         Dollars or Euros and shall be issued for the account of the U.S.
         Borrower or the Bermuda Borrower. All Dollar Facility Letters of Credit
         shall be denominated in Dollars and shall be issued for the account of
         the U.S. Borrower or the Bermuda Borrower. Each Multicurrency Facility
         Letter of Credit shall constitute either a U.S. Borrower Multicurrency
         Facility Letter of Credit or a Bermuda Borrower Multicurrency Facility
         Letter of Credit. Each Dollar Facility Letter of Credit shall
         constitute either a U.S. Borrower Dollar Facility Letter of Credit or a
         Bermuda Borrower Dollar Facility Letter of Credit. The Bermuda Borrower
         shall have no liability with respect to any U.S. Borrower Multicurrency
         Facility Letter of Credit or any U.S. Borrower Dollar Facility Letter
         of Credit which may be issued to the U.S. Borrower.".

                  20. Section 2A.01(b) of the Credit Agreement is hereby amended
by deleting the text "(viii)" appearing in clause (ii) of said Section and
inserting the text "(ix)" in lieu thereof.

                  21. Section 2A.01(c) of the Credit Agreement is hereby amended
by (i) redesignating clauses (vi), (vii), (viii) and (ix) of said Section as
clauses (vii), (viii), (ix) and (x), respectively and (ii) inserting the
following new clause (vi) immediately following clause (v) of said Section:

         "(vi) no U.S. Borrower Multicurrency Facility Letter of Credit shall be
         issued at any time when the Aggregate U.S. Borrower Multicurrency
         Facility RL Exposure exceeds (or would after giving effect to such
         issuance exceed) $50,000,000,".

                  22. Section 2A.01(d) of the Credit Agreement is hereby amended
by deleting clause (x) of the second sentence of said Section and inserting the
following new clause (x) in lieu thereof:

         "(x) if denominated in Euros, constitute a "Bermuda Borrower
         Multicurrency Facility Letter of Credit" for all purposes of this
         Agreement, issued, for purposes of Section 2A.04(a), on the Initial
         Borrowing Date and".

                  23. Section 2A.03(a) of the Credit Agreement is hereby amended
by inserting the text "U.S. Borrower Multicurrency Facility Letter of Credit, a
Bermuda Borrower"

                                      -13-
<PAGE>

immediately following the text "the requested Letter of Credit shall constitute
a" appearing in said Section.

                  24. Section 2A.05(a) of the Credit Agreement is hereby amended
by (i) inserting the text "Multicurrency Facility Letters of Credit and U.S.
Borrower" immediately following the text "in the case of U.S. Borrower"
appearing in the first parenthetical in the first sentence of said Section and
(ii) inserting the text "Bermuda Borrower" immediately following the text "in
the case of" appearing in the second parenthetical in the first sentence of said
Section.

                  25. Section 2A.05(b) of the Credit Agreement is hereby amended
by (i) inserting the text "Multicurrency Facility Letters of Credit and U.S.
Borrower" immediately following the text "with respect to U.S. Borrower"
appearing in the first parenthetical in the first sentence of said Section and
(ii) inserting the text "Bermuda Borrower" immediately following the text "with
respect to" appearing in the second parenthetical in the first sentence of said
Section.

                  26. Section 2B.01(a) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
2B.01(a) in lieu thereof:

                  "(a) Subject to and upon the terms and conditions herein set
         forth, a Borrower may request a Bank Guaranty Issuer, at any time and
         from time to time on and after the Initial Borrowing Date and prior to
         the tenth Business Day preceding the Revolving Loan Maturity Date, to
         issue, for the account of the U.S. Borrower (in the case of requests
         made by it) or the account of the Bermuda Borrower (in the case of
         requests made by it) and for the benefit of any holder (or any trustee,
         agent or other similar representative for any such holders) of B/G
         Supportable Indebtedness of the respective Account Party or any of its
         or their Wholly-Owned Subsidiaries, a bank guaranty in a form
         customarily used by such Bank Guaranty Issuer or in such other form as
         has been approved by such Bank Guaranty Issuer (each such bank
         guaranty, a "Bank Guaranty" and collectively, the "Bank Guaranties") in
         support of such B/G Supportable Indebtedness (it being understood and
         agreed that (i) the form of Bank Guaranties shall be subject to the
         respective Bank Guaranty Issuer's internal policies and procedures for
         the issuance of bank guaranties and to applicable local law
         restrictions and regulations and (ii) each Bank Guaranty Issuer may
         request the respective Account Party to accept such Bank Guaranty
         Issuer's general business conditions specifically applicable to its
         bank guaranty business prior to the issuance of any Bank Guaranty).
         Each Bank Guaranty shall constitute a utilization of the Multicurrency
         Facility Revolving Loan Commitments and shall, subject to the
         provisions of Section 1.14 if a Sharing Event occurs, be participated
         in (as more fully described in following Section 2B.04(a)) by the
         Multicurrency Facility RL Lenders in accordance with their respective
         Multicurrency Facility RL Percentages. All Bank Guaranties shall be
         denominated in Dollars or Euros and shall expressly provide the maximum
         amount that may be paid thereunder. Each Bank Guaranty shall constitute
         either a U.S. Borrower Bank Guaranty or a Bermuda Borrower Bank
         Guaranty. The Bermuda Borrower shall have no liability with respect to
         any U.S. Borrower Bank Guaranty which may be issued to the U.S.
         Borrower.".

                                      -14-
<PAGE>

                  27. Section 2B.01(b) of the Credit Agreement is hereby amended
by (i) deleting the text "the Bermuda Borrower" appearing in the first paragraph
of said Section and inserting the text "the U.S. Borrower or the Bermuda
Borrower, as the case may be," in lieu thereof, (ii) deleting the text "(viii)"
appearing in clause (ii) of said Section and inserting the text "(vii)" in lieu
thereof and (iii) deleting the text "the Bermuda Borrower" appearing in clause
(iii) of said Section and inserting the text "respective Account Party" in lieu
thereof.

                  28. Section 2B.01(c) of the Credit Agreement is hereby amended
by deleting each instance of the text "the Bermuda Borrower" appearing in
clauses (iii) and (iv) of said Section and inserting the text "the respective
Account Party" in lieu thereof.

                  29. Section 2B.01(c) of the Credit Agreement is hereby further
amended by (i) redesignating clauses (iii), (iv), (v) and (vi) of said Section
as clauses (iv), (v), (vi) and (vii), respectively and (ii) inserting the
following new clause (iii) immediately following clause (ii) of said Section:

         "(iii) no U.S. Borrower Bank Guaranty shall be issued at any time when
         the Aggregate U.S. Borrower Multicurrency Facility RL Exposure exceeds
         (or would after giving effect to such issuance exceed) $50,000,000,".

                  30. Section 2B.01(d) of the Credit Agreement is hereby amended
by deleting the text "shall constitute a "Bank Guaranty" for all purposes"
appearing in said Section and inserting the text "shall constitute a "Bermuda
Borrower Bank Guaranty" for all purposes" in lieu thereof.

                  31. Section 2B.03(a) of the Credit Agreement is hereby amended
by (i) deleting the text "Whenever the Bermuda Borrower desires" appearing in
the first sentence of said Section and inserting the text "Whenever an Account
Party desires" in lieu thereof, (ii) deleting the text "the Bermuda Borrower
shall give" appearing in the first sentence of said Section and inserting the
text "such Account Party shall give" in lieu thereof and (iii) inserting the
text "whether the requested Bank Guaranty shall constitute a U.S. Borrower Bank
Guaranty or a Bermuda Borrower Bank Guaranty and" immediately after the text
"including without limitation" appearing in said Section.

                  32. Section 2B.03(b) of the Credit Agreement is hereby amended
deleting each instance of the text "the Bermuda Borrower" appearing in said
Section and inserting the text "the U.S. Borrower or the Bermuda Borrower, as
the case may be," in lieu thereof.

                  33. Section 2B.04(a) of the Credit Agreement is hereby amended
by deleting the text "the Bermuda Borrower" appearing in the first sentence of
said Section and inserting the text "the respective Account Party" in lieu
thereof.

                  34. Section 2B.04(b) of the Credit Agreement is hereby amended
by deleting the text "the Bermuda Borrower" appearing in said Section and
inserting the text "the respective Account Party" in lieu thereof.

                                      -15-
<PAGE>
                  35. Section 2B.04(c) of the Credit Agreement is hereby amended
by deleting each instance of the text "the Bermuda Borrower" appearing said
Section and inserting the text "the respective Account Party" in lieu thereof.

                  36. Section 2B.04(e) of the Credit Agreement is hereby amended
by deleting the text "the Bermuda Borrower" appearing in said Section and
inserting the text "the respective Account Party" in lieu thereof.

                  37. Section 2B.05(a) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
2B.05(a) in lieu thereof:

                  "(a) The U.S. Borrower hereby agrees (in the case of U.S.
         Borrower Bank Guaranties) and the Bermuda Borrower hereby agrees (in
         the case of Bermuda Borrower Bank Guaranties) to reimburse the
         respective Bank Guaranty Issuer, by making payment in Dollars (in the
         case of all Dollar Denominated Bank Guaranties or, after a Sharing
         Event, all Bank Guaranties) or Euros (in the case of Euro Denominated
         Bank Guaranties at any time prior to a Sharing Event) to the
         Administrative Agent in immediately available funds at the Payment
         Office (or by making the payment directly to such Bank Guaranty Issuer
         at such location as may otherwise have been agreed upon by the
         respective Account Party and such Bank Guaranty Issuer), for any
         payment or disbursement (in the case of any such payment or
         disbursement under any Euro Denominated Bank Guaranty which is unpaid
         on the date of the occurrence of a Sharing Event, or which payments or
         disbursements are made thereafter, taking the Dollar Equivalent of the
         amount of the respective payment or disbursement made in Euros as such
         Dollar Equivalent is determined on the first date upon which the
         respective Sharing Event occurs or, if later, the date upon which the
         respective payment or disbursement is made) made by such Bank Guaranty
         Issuer under any Bank Guaranty issued by it (each such amount so paid
         until reimbursed, an "Unreimbursed Payment"), not later than the third
         Business Day after the Administrative Agent or the Bank Guaranty Issuer
         notifies the respective Account Party of such payment or disbursement,
         with interest on the amount so paid or disbursed by such Bank Guaranty
         Issuer, to the extent not reimbursed prior to 1:00 P.M. (New York
         time), on the date of such payment or disbursement, from and including
         the date paid or disbursed to but excluding the date such Bank Guaranty
         Issuer is reimbursed by the respective Account Party therefor at a rate
         per annum which shall be (x) in the case of Euro Denominated Bank
         Guaranties for periods occurring prior to the occurrence of a Sharing
         Event, the Overnight Euro Rate in effect from time to time plus the
         Applicable Margin for Euro Denominated Revolving Loans as in effect
         from time to time plus any Mandatory Costs and (y) in the case of
         amounts owing in Dollars after the occurrence of a Sharing Event, the
         Base Rate in effect from time to time plus the Applicable Margin for
         Multicurrency Facility Revolving Loans maintained as Base Rate Loans,
         in each case as in effect from time to time, provided, however, to the
         extent such amounts are not reimbursed prior to 1:00 P.M. (New York
         time) on the third Business Day following notice to the respective
         Account Party by the Administrative Agent or the respective Bank
         Guaranty Issuer of such payment or disbursement, interest shall
         thereafter accrue on the amounts so paid or disbursed by such Bank
         Guaranty Issuer (and until reimbursed by the respective Account Party)
         at a rate per annum which shall be (x) in the case of Euro Denominated
         Bank Guaranties for periods occurring prior to the

                                      -16-
<PAGE>
         occurrence of a Sharing Event, the Overnight Euro Rate in effect from
         time to time plus the Applicable Margin for Euro Denominated Revolving
         Loans as in effect from time to time plus any Mandatory Costs plus 2%
         and (y) in the case of amounts owing in Dollars after the occurrence of
         a Sharing Event, the Base Rate in effect from time to time plus the
         Applicable Margin for Multicurrency Facility Revolving Loans maintained
         as Base Rate Loans as in effect from time to time plus 2%, in each such
         case, with interest to be payable on demand, provided further, that it
         is understood and agreed, however, that the notices referred to above
         in this clause (a) and in the immediately preceding proviso shall not
         be required to be given if a Default or an Event of Default under
         Section 10.05 shall have occurred and be continuing (in which case the
         Unreimbursed Payments shall be due and payable immediately without
         presentment, demand, protest or notice of any kind (all of which are
         hereby waived by each Credit Party) and shall bear interest at the rate
         provided in the foregoing proviso on and after the third Business Day
         following the respective Bank Guaranty Payment). The respective Bank
         Guaranty Issuer shall give the respective Account Party prompt notice
         of each Bank Guaranty Payment under any Bank Guaranty, provided that
         the failure to give, or any delay in giving, any such notice shall in
         no way affect, impair or diminish the respective Account Party's
         obligations under this Agreement.".

                  38. Section 2B.05(b) of the Credit Agreement is hereby amended
by deleting said Section in its entirety and inserting the following new Section
2B.05(b) in lieu thereof:

                  "(b) The obligations of the U.S. Borrower (in the case of U.S.
         Borrower Bank Guaranties) and the Bermuda Borrower (in the case of
         Bermuda Borrower Bank Guaranties) under this Section 2B.05 to reimburse
         the respective Bank Guaranty Issuer with respect to Unreimbursed
         Payments (including, in each case, interest thereon) shall be absolute
         and unconditional under any and all circumstances and irrespective of
         any setoff, counterclaim or defense to payment which the respective
         Account Party may have or have had against any Lender (including in its
         capacity as Bank Guaranty Issuer or as B/G Participant), including,
         without limitation, any defense based upon the failure of any payment
         under a Bank Guaranty (each, a "Bank Guaranty Payment") to conform to
         the terms of such Bank Guaranty or any nonapplication or misapplication
         by the beneficiary of the proceeds of such Bank Guaranty Payment, the
         respective Bank Guaranty Issuer's only obligation to the respective
         Account Party being to confirm that any documents required to be
         delivered under such Bank Guaranty appear to have been delivered and
         that they appear to substantially comply on their face with
         requirements of such Bank Guaranty; provided, however, that no Account
         Party shall be obligated to reimburse any Bank Guaranty Issuer for any
         wrongful payment made by such Bank Guaranty Issuer under a Bank
         Guaranty issued by it as a result of deliberate acts or omissions
         constituting willful misconduct or gross negligence on the part of such
         Bank Guaranty Issuer (as determined by a court of competent
         jurisdiction in a final and non-appealable decision). Any action taken
         or omitted to be taken by any Bank Guaranty Issuer under or in
         connection with any Bank Guaranty shall not create for such Bank
         Guaranty Issuer any resulting liability to any Account Party unless
         such action is taken or admitted to be taken with gross negligence or
         willful misconduct (as determined by a court of competent jurisdiction
         in a final and non-appealable decision).".

                                      -17-
<PAGE>

                  39. Section 2B.06 of the Credit Agreement is hereby amended by
deleting said Section in its entirety and inserting the following new Section
2B.06 in lieu thereof:

                  "2B.06 Increased Costs. If after the Effective Date, any Bank
         Guaranty Issuer or any B/G Participant determines in good faith that
         the adoption or effectiveness after the Effective Date of any
         applicable law, rule or regulation, order, guideline or request or any
         change therein, or any change after the Effective Date in the
         interpretation or administration thereof by any governmental authority,
         central bank or comparable agency charged with the interpretation or
         administration thereof, or compliance by any Bank Guaranty Issuer or
         any B/G Participant with any request or directive (whether or not
         having the force of law) by any such authority, central bank or
         comparable agency shall either (i) impose, modify or make applicable
         any reserve, deposit, capital adequacy or similar requirement against
         Bank Guaranties issued by such Bank Guaranty Issuer or such B/G
         Participant's participation therein, or (ii) impose on any Bank
         Guaranty Issuer or any B/G Participant any other conditions directly or
         indirectly affecting this Agreement, any Bank Guaranty or such B/G
         Participant's participation therein; and the result of any of the
         foregoing is to increase the cost to such Bank Guaranty Issuer or such
         B/G Participant of issuing, maintaining or participating in any Bank
         Guaranty, or to reduce the amount of any sum received or receivable by
         such Bank Guaranty Issuer or such B/G Participant hereunder or reduce
         the rate of return on its capital with respect to Bank Guaranties,
         then, upon written demand to the U.S. Borrower or the Bermuda Borrower,
         as the case may be, by such Bank Guaranty Issuer or such B/G
         Participant (a copy of which notice shall be sent by such Bank Guaranty
         Issuer or such B/G Participant to the Administrative Agent),
         accompanied by the certificate described in the last sentence of this
         Section 2B.06, the U.S. Borrower or the Bermuda Borrower, as the case
         may be, shall pay to such Bank Guaranty Issuer or such B/G Participant
         for such increased cost or reduction. A certificate submitted to the
         relevant Account Party by such Bank Guaranty Issuer or such B/G
         Participant, as the case may be (a copy of which certificate shall be
         sent by such Bank Guaranty Issuer or such B/G Participant to the
         Administrative Agent), setting forth in reasonable detail the basis for
         the determination of such additional amount or amounts necessary to
         compensate such Bank Guaranty Issuer or such B/G Participant as
         aforesaid shall be final and conclusive and binding on such Account
         Party absent manifest error, although the failure to deliver any such
         certificate shall not release or diminish such Account Party's
         obligations to pay additional amounts pursuant to this Section 2B.06
         upon subsequent receipt of such certificate.".

                  40. Section 2B.07 of the Credit Agreement is hereby amended by
deleting said Section in its entirety and inserting the following new Section
2B.07 in lieu thereof:

                  "2B.07 Cash Collateralization. No later than the date
         occurring ten Business Days prior to the Revolving Loan Maturity Date,
         the U.S. Borrower or the Bermuda Borrower, as the case may be, shall
         either (i) terminate each Bank Guaranty issued to it without an expiry
         date (and cause each such terminated Bank Guaranty to be surrendered
         for termination to the respective Bank Guaranty Issuer) or (ii) enter
         into cash collateral arrangements with each Bank Guaranty Issuer which
         shall have issued a Bank Guaranty to it without an expiry date on terms
         satisfactory to such Bank Guaranty Issuer and the Administrative Agent,
         with the U.S. Borrower or the Bermuda Borrower, as the case may

                                      -18-
<PAGE>

         be, depositing cash and/or Cash Equivalents (in the respective currency
         or currencies of the respective Bank Guaranties, and in such amounts as
         will fully cash collateralize the maximum future payments that could be
         made under the respective Bank Guaranties) pursuant to such cash
         collateral arrangements to be held as security for all Bank Guaranty
         Outstandings of the U.S. Borrower or the Bermuda Borrower, as the case
         may be, in respect of such Bank Guaranties."

                  41. Section 3.01(a) of the Credit Agreement is hereby amended
by deleting the text "The Bermuda Borrower agrees" appearing in clause (x) of
said Section and inserting the text "The Borrowers jointly and severally agree"
in lieu thereof.

                  42. Section 3.01(b) of the Credit Agreement is hereby amended
by deleting the first sentence of said Section and inserting the following new
sentence in lieu thereof:

         "(w) The U.S. Borrower agrees to pay to the Administrative Agent for
         distribution to each Multicurrency Facility RL Lender (or, after
         Sharing Event has occurred, each RL Lender) (based on their respective
         L/C Participation Percentages as from time to time in effect in the
         outstanding U.S. Borrower Multicurrency Facility Letters of Credit) in
         Dollars (or, in the case of Euro Denominated Letters of Credit, for
         periods prior to the occurrence of a Sharing Event, in Euros) a fee in
         respect of each U.S. Borrower Multicurrency Facility Letter of Credit
         issued hereunder, (x) the Bermuda Borrower agrees to pay to the
         Administrative Agent for distribution to each Multicurrency Facility RL
         Lender (or, after Sharing Event has occurred, each RL Lender) (based on
         their respective L/C Participation Percentages as from time to time in
         effect in the outstanding Bermuda Borrower Multicurrency Facility
         Letters of Credit) in Dollars (or, in the case of Euro Denominated
         Letters of Credit, for periods prior to the occurrence of a Sharing
         Event, in Euros) a fee in respect of each Bermuda Borrower
         Multicurrency Facility Letter of Credit issued hereunder, (y) the U.S.
         Borrower agrees to pay to the Administrative Agent for distribution to
         each Dollar Facility RL Lender (or, after Sharing Event has occurred,
         each RL Lender) (based on their respective L/C Participation
         Percentages in the outstanding U.S. Borrower Dollar Facility Letters of
         Credit) in Dollars a fee in respect of each U.S. Borrower Dollar
         Facility Letter of Credit issued hereunder and (z) the Bermuda Borrower
         agrees to pay to the Administrative Agent for distribution to each
         Dollar Facility RL Lender (or, after Sharing Event has occurred, each
         RL Lender) (based on their respective L/C Participation Percentages in
         the outstanding Bermuda Borrower Dollar Facility Letters of Credit) in
         Dollars a fee in respect of each Bermuda Borrower Dollar Facility
         Letter of Credit issued hereunder (with all fees payable as described
         in this clause (b) being herein referred to as "Letter of Credit
         Fees"), in each case, for the period from and including the date of
         issuance of such Letter of Credit through the termination of such
         Letter of Credit, computed at a rate per annum equal to the Applicable
         Margin for Multicurrency Facility Revolving Loans (in the case of
         determinations pursuant to preceding clauses (w) and (x)) or Dollar
         Facility Revolving Loans (in the case of determination pursuant to
         preceding clauses (y) and (z)), in either case maintained as Euro Rate
         Loans, as in effect from time to time, on (i) the daily Stated Amount
         of such Letter of Credit (in the case of a Dollar Denominated Letter of
         Credit and, for periods occurring after a Sharing Event, for all
         Letters of Credit) and (ii) the daily Euro L/C Stated Amount of such
         Letter of Credit (in the case of a Euro

                                      -19-
<PAGE>

         Denominated Letter of Credit for all periods prior to the occurrence of
         a Sharing Event).".

                  43. Section 3.01(c) of the Credit Agreement is hereby amended
by inserting the text "to it" immediately following the text "in respect of each
Letter of Credit issued" appearing in the first sentence of said Section.

                  44. Section 3.01(e) of the Credit Agreement is hereby amended
by deleting the first sentence of said Section in its entirety and inserting the
following new sentence in lieu thereof:

         "(x) The U.S. Borrower agrees to pay to the Administrative Agent for
         distribution to each Multicurrency Facility RL Lender (or, after
         Sharing Event has occurred, each RL Lender) (based on their respective
         B/G Participation Percentages as from time to time in effect in the
         outstanding U.S. Borrower Bank Guaranties) in Dollars (or, in the case
         of Euro Denominated Bank Guaranties, for periods prior to the
         occurrence of a Sharing Event, in Euros) a fee in respect of each U.S.
         Borrower Bank Guaranty issued hereunder and (y) the Bermuda Borrower
         agrees to pay to the Administrative Agent for distribution to each
         Multicurrency Facility RL Lender (or, after Sharing Event has occurred,
         each RL Lender) (based on their respective B/G Participation
         Percentages as from time to time in effect in the outstanding Bermuda
         Borrower Bank Guaranties) in Dollars (or, in the case of Euro
         Denominated Bank Guaranties, for periods prior to the occurrence of a
         Sharing Event, in Euros) a fee in respect of each Bermuda Borrower Bank
         Guaranty issued hereunder (with all fees payable as described in this
         clause (e) being herein referred to as "Bank Guaranty Fees"), in each
         case, for the period from and including the date of issuance of such
         Bank Guaranty through the termination of such Bank Guaranty, computed
         at a rate per annum equal to the Applicable Margin for Multicurrency
         Facility Revolving Loans maintained as Euro Rate Loans, as in effect
         from time to time, on (i) the daily Face Amount of such Bank Guaranty
         (in the case of a Dollar Denominated Bank Guaranty and, for periods
         occurring after a Sharing Event, for all Bank Guaranties) and (ii) the
         daily Euro B/G Face Amount of such Bank Guaranty (in the case of a Euro
         Denominated Bank Guaranty for all periods prior to the occurrence of a
         Sharing Event).".

                  45. Section 3.01(f) of the Credit Agreement is hereby amended
by (i) deleting the text "The Bermuda Borrower" appearing in said Section and
inserting the text "Each Account Party" in lieu thereof and (ii) inserting the
text "to it" immediately following the text "each Bank Guaranty issued"
appearing in the first sentence of said Section.

                  46. Section 3.01(g) of the Credit Agreement is hereby amended
by deleting the text "The Bermuda Borrower" appearing in said Section and
inserting the text "The respective Account Party" in lieu thereof.

                  47. Section 4.01 is hereby amended by deleting clause (i) of
said Section in its entirety and inserting the following new clause (i) in lieu
thereof:

                  "(i) an Authorized Officer of such Borrower shall give the
         Administrative Agent at its Notice Office written notice (or telephonic
         notice promptly confirmed in

                                      -20-
<PAGE>

         writing) of its intent to prepay the Loans, whether such Loans are
         Tranche A Term Loans, Tranche B Term Loans, U.S. Borrower Multicurrency
         Facility Revolving Loans, Bermuda Borrower Multicurrency Facility
         Revolving Loans, U.S. Borrower Dollar Facility Revolving Loans, Bermuda
         Borrower Dollar Facility Revolving Loans, U.S. Borrower Multicurrency
         Facility Swingline Loans, Bermuda Borrower Multicurrency Facility
         Swingline Loans, U.S. Borrower Dollar Facility Swingline Loans and/or
         Bermuda Borrower Dollar Facility Swingline Loans, the amount and
         currency (or currencies) of the Loans to be prepaid, the Types of Loans
         to be repaid and, in the case of Euro Rate Loans (other than Swingline
         Loans), the specific Borrowing or Borrowings pursuant to which made,
         which notice shall be given by the Authorized Officer of such Borrower
         (x) prior to 2:00 P.M. (New York time) at least one Business Day prior
         to the date of such prepayment in the case of Loans maintained as Base
         Rate Loans (other than Dollar Facility Swingline Loans), (y) the date
         of such prepayment in the case of Swingline Loans, provided such notice
         is given prior to 10:00 A.M. (New York time) and (z) prior to 10:00
         A.M. (New York time) at least three Business Days prior to the date of
         such prepayment in the case of Euro Rate Loans (other than Euro
         Denominated Swingline Loans) and shall, except in the case of Swingline
         Loans, be promptly transmitted by the Administrative Agent to each of
         the Lenders;".

                  48. Section 4.01(ii) is hereby amended by deleting each
instance of the text "the Bermuda Borrower" appearing in said Section and
inserting the text "such Borrower" in lieu thereof.

                  49. Section 4.01(v) of the Credit Agreement is hereby amended
by deleting the text "(x) at any time prior to the satisfaction in full of the
obligations of the U.S. Borrower and its Subsidiaries to effect Contemplated
Asset Sales pursuant to Section 8.22, in inverse order of maturity (based upon
the then remaining principal amounts of the Scheduled Repayments of such Tranche
of Term Loans after giving effect to all prior reductions thereto) and (y) at
any time thereafter," appearing in said Section.

                  50. Section 4.02(a)(i) of the Credit Agreement is hereby
amended by deleting said Section in its entirety and inserting the following new
Section 4.02(a)(i) in lieu thereof:

         "(a) (i) If on any date the Aggregate Multicurrency Facility RL
         Exposure exceeds the Total Multicurrency Facility Revolving Loan
         Commitment as then in effect, the U.S. Borrower shall prepay on such
         date the principal of outstanding U.S. Borrower Multicurrency Facility
         Revolving Loans and/or U.S. Borrower Multicurrency Facility Swingline
         Loans, and/or the Bermuda Borrower shall prepay on such date the
         principal of outstanding Bermuda Borrower Multicurrency Facility
         Revolving Loans and/or Bermuda Borrower Multicurrency Facility
         Swingline Loans, in an amount (in the case of payments made with
         respect to Euro Denominated Loans, taking the Dollar Equivalent of the
         amounts paid in Euros in which payments on such Loans are owing) equal
         to such excess (with such repayment of Multicurrency Facility Revolving
         Loans and Multicurrency Facility Swingline Loans to be allocated among
         U.S. Borrower Multicurrency Facility Revolving Loans, U.S. Borrower
         Multicurrency Facility Swingline Loans, Bermuda Borrower Multicurrency
         Facility Revolving Loans and Bermuda Borrower Multicurrency Facility
         Swingline Loans as the Borrowers may elect). If, after giving effect to
         the

                                      -21-
<PAGE>

         prepayment of all outstanding Multicurrency Facility Swingline Loans
         and Multicurrency Facility Revolving Loans, the aggregate amount of the
         Multicurrency Facility Letter of Credit Outstandings and Bank Guaranty
         Outstandings exceeds the Total Multicurrency Facility Revolving Loan
         Commitment as then in effect, the U.S. Borrower agrees (as to U.S.
         Borrower Multicurrency Facility Letters of Credit and U.S. Borrower
         Bank Guaranties), and the Bermuda Borrower agrees (as to Bermuda
         Borrower Multicurrency Facility Letters of Credit and Bermuda Borrower
         Bank Guaranties), to pay to the Administrative Agent at the Payment
         Office on such date an amount of cash or Cash Equivalents (in Dollars
         or in the respective currencies in which the Multicurrency Facility
         Letter of Credit Outstandings or Bank Guaranty Outstandings are
         denominated) equal to the amount of such excess (up to a maximum amount
         equal to (x) in the case of the U.S. Borrower, the Multicurrency
         Facility Letter of Credit Outstandings with respect to U.S. Borrower
         Multicurrency Facility Letters of Credit and the Bank Guaranty
         Outstandings with respect to U.S. Borrower Bank Guaranties at such time
         and (y) in the case of the Bermuda Borrower, the Multicurrency Facility
         Letter of Credit Outstandings with respect to Bermuda Borrower
         Multicurrency Facility Letters of Credit and the Bank Guaranty
         Outstandings with respect to Bermuda Borrower Bank Guaranties at such
         time), such cash or Cash Equivalents to be held as security for all
         obligations of the U.S. Borrower or the Bermuda Borrower, as the case
         may be, hereunder in a cash collateral account to be established by the
         Administrative Agent.".

                  51. Section 4.02(c) of the Credit Agreement is hereby amended
by (i) deleting the text "8.22" appearing in the subclause (x) of the first
parenthetical in the first proviso of said Section and inserting the text
"9.02(xviii)" in lieu thereof, (ii) inserting the text ", New 2010 Senior Notes
Documents" immediately following the text "New Senior Notes Documents" appearing
in the second sentence of said Section, (iii) inserting the text ", New 2010
Senior Notes" immediately following the text "so long as the New Senior Notes"
appearing in the second sentence of said Section and (iv) inserting the text ",
New 2010 Senior Notes" immediately following the text "prepayment of New Senior
Notes" appearing in the second sentence of said Section.

                  52. Section 4.02(h)(IV) of the Credit Agreement is hereby
amended by deleting the text "(x) at any time prior to the satisfaction in full
of the obligations of the U.S. Borrower and its Subsidiaries to effect
Contemplated Asset Sales pursuant to Section 8.22, to reduce the then remaining
Scheduled Repayments of the respective Tranche of Term Loans in inverse order of
maturity (based upon the then remaining principal amounts of the Scheduled
Repayments of such Tranche of Term Loans after giving effect to all prior
reductions thereto) and (y) at any time thereafter," appearing in said Section.

                  53. Section 6A.01 of the Credit Agreement is hereby amended by
deleting the text "$50,000,000" appearing in said Section and inserting the text
"$75,000,000" in lieu thereof.

                  54. Section 7.03 of the Credit Agreement is hereby amended by
inserting the text "the New 2010 Senior Notes Indenture," immediately following
the text "the New Senior Notes Indenture," appearing in the third parenthetical
in said Section.

                                      -22-
<PAGE>

                  55. Section 7.05(c) of the Credit Agreement is hereby amended
by deleting the first sentence of said Section in its entirety and inserting the
following new sentence in lieu thereof:

         "At the time of each Credit Event occurring on or after the Initial
         Borrowing Date, the aggregate value of all Margin Stock (other than
         treasury stock) owned by Holdings and its Subsidiaries (for such
         purpose, using the initial purchase price paid by Holdings or such
         Subsidiary for the respective shares of Margin Stock) does not exceed
         $5,000,000.".

                  56. Section 7.26(a) of the Credit Agreement is hereby amended
by (i) inserting the text ", the New 2010 Senior Notes Documents" immediately
following the text "New Senior Notes Documents" appearing in said Section and
(ii) inserting the text ", the New 2010 Senior Notes" immediately following the
text "holders of the New Senior Notes" appearing in said Section.

                  57. Section 8.01(a) of the Credit Agreement is hereby amended
by deleting the text of said Section in its entirety and inserting the text
"[Intentionally deleted]." in lieu thereof.

                  58. Section 8.01(e) of the Credit Agreement is hereby amended
by deleting the text "Sections 8.01(a), (b) and (c)" appearing in said Section
and inserting the text "Sections 8.01(b) and (c)" in lieu thereof.

                  59. Section 8.01(f) of the Credit Agreement is hereby amended
by inserting the text ", New 2010 Senior Notes Document" immediately following
the text "any New Senior Notes Document" appearing in said Section.

                  60. Section 8.10 of the Credit Agreement is hereby amended by
inserting the text "and the Bermuda Partnership" immediately after the text
"Bermuda Borrower" appearing in the parenthetical in said Section.

                  61. Section 8.11(a) of the Credit Agreement is hereby amended
by (i) deleting the text "Fair Market Value in excess of $2,500,000" appearing
in the first sentence of said Section and inserting the text "value (for such
purpose, using the initial purchase price paid by such Person for such Real
Property) in excess of $10,000,000" in lieu thereof and (ii) inserting the
following proviso before the period at the end of the first sentence of said
Section:

         "; provided however that if the aggregate value of all Second-Tier
         Material Real Properties (for such purpose, using the initial purchase
         price paid by such Person for the respective Second-Tier Material Real
         Property) acquired by such Persons after the Initial Borrowing Date
         which are not then covered by Mortgages or Foreign Security Agreements,
         as appropriate, equals or exceeds $20,000,000, each Credit Agreement
         Party and each Subsidiary Guarantor shall grant to the Collateral Agent
         security interests and mortgages in all such Second-Tier Material Real
         Properties owned by any such Person which are not then covered by
         Mortgages or Foreign Security Agreements, as appropriate (and not just
         those required to reduce the aggregate value of all Second-Tier
         Material Real Properties (determined as provided above) at such time
         below $20,000,000)".

                                      -23-
<PAGE>

                  62. Section 8.11(g) of the Credit Agreement is hereby amended
by (i) inserting the text "(x)" immediately following the text "provided that,"
appearing in the parenthetical in clause (x) of the second sentence of said
Section and (ii) inserting the text "and (y) in the case of a newly-formed
Subsidiary organized in (i) a Qualified Non-U.S. Jurisdiction or (ii) a
Non-Qualified Jurisdiction in which an existing Foreign Subsidiary Guarantor is
organized, to defer the execution and delivery of Security Documents (but not
counterparts of the Foreign Subsidiaries Guaranty or the Intercompany
Subordination Agreement) if the gross book value of its assets (determined as of
the last day of the calendar month then last ended) is less than $10,000,000,
until (and only until) the aggregate gross book value of all newly-formed
Subsidiaries which have not executed Security Documents in reliance on this
proviso (determined as of the last day of the calendar month then last ended)
exceeds $20,000,000, at which time all such excluded Subsidiaries (and not just
those Subsidiaries required to reduce the aggregate gross book value of such
excluded Subsidiaries to below $20,000,000) shall execute the required Security
Documents" at the end of the parenthetical in clause (x) of the second sentence
of said Section.

                  63. Section 8.17 of the Credit Agreement is hereby amended by
deleting the text of said Section in its entirety and inserting the text
"[Intentionally deleted]." in lieu thereof.

                  64. Section 8.22 of the Credit Agreement is hereby amended by
deleting the text of said Section in its entirety and inserting the text
"[Intentionally deleted]." in lieu thereof.

                  65. Section 8.23 of the Credit Agreement is hereby amended by
deleting the text of said Section in its entirety and inserting the following
new text in lieu thereof:

         "Each Credit Agreement Party shall take all actions so that at all
         times the aggregate value of all Margin Stock (other than treasury
         stock) owned by Holdings and its Subsidiaries (for such purpose, using
         the initial purchase price paid by Holdings or such Subsidiary for the
         respective shares of Margin Stock) shall not exceed $5,000,000. So long
         as the aggregate value of Margin Stock (other than treasury stock)
         owned by Holdings and its Subsidiaries (determined as provided in the
         preceding sentence) does not exceed $5,000,000, all Margin Stock at any
         time owned by Holdings and its Subsidiaries shall not constitute
         Collateral and no security interest shall be granted therein pursuant
         to any Credit Document. Without excusing any violation of the first
         sentence of this Section 8.23, if at any time the aggregate value of
         all Margin Stock (other than treasury stock) owned by Holdings and its
         Subsidiaries (determined as provided in the first sentence of this
         Section 8.23) exceeds $5,000,000, then (x) all Margin Stock owned by
         the Credit Parties (except to the extent constituting Excluded
         Collateral) shall be pledged, and delivered for pledge, pursuant to the
         relevant Security Documents and (y) the U.S. Borrower shall execute and
         deliver to the Lenders appropriate completed forms (including, without
         limitation, Forms G-3 and U-1, as appropriate) establishing compliance
         with the Margin Regulations. If at any time any Margin Stock is
         required to be pledged as a result of the provisions of the immediately
         preceding sentence, repayments of outstanding Obligations shall be
         required to be made, and subsequent Credit Events shall only be
         permitted, in compliance with the applicable provisions of the Margin
         Regulations.".

                                      -24-
<PAGE>

                  66. Section 9.02(v) of the Credit Agreement is hereby amended
by deleting the text "$50,000,000" appearing in said Section and inserting the
text "$100,000,000" in lieu thereof.

                  67. Section 9.04(xvi) of the Credit Agreement is hereby
amended by (i) deleting the word "and" appearing at the end of clause (III) of
said Section and inserting a comma in lieu thereof and (ii) inserting the text
"and (V) unsecured Indebtedness of the U.S Borrower incurred under the New 2010
Senior Notes and the New 2010 Senior Notes Indenture and of the U.S. Subsidiary
Guarantors (and so long as same remain U.S. Subsidiary Guarantors) under
subordinated guarantees of the obligations of the U.S. Borrower provided under
the New 2010 Senior Notes Documents to which they are a party, in an aggregate
principal amount not to exceed $400,000,000 (less the amount of any repayments
of principal thereof), so long as (A) such Indebtedness is incurred in
accordance with the requirements of the definition of New 2010 Senior Notes and
(B) promptly following the incurrence thereof, Net Cash Proceeds of such
Indebtedness shall have been applied to repay Term Loans (and/or reduce the
Total Revolving Loan Commitment) in accordance with the requirements of Sections
4.02(d), (h) and (i)" immediately preceding the semicolon at the end of said
Section.

                  68. Section 9.05(i) of the Credit Agreement is hereby amended
by deleting the text "$50,000,000" appearing in said Section and inserting the
text "$75,000,000" in lieu thereof.

                  69. Section 9.05(vi) of the Credit Agreement is hereby amended
by deleting the text "$100,000,000" appearing in clause (II) of the proviso of
said Section and inserting the text "$150,000,000" in lieu thereof.

                  70. Section 9.05(viii) of the Credit Agreement is hereby
amended by deleting the text "$100,000,000" appearing in clause (I) of the
proviso of said Section and inserting the text "$150,000,000" in lieu thereof.

                  71. Section 9.05 of the Credit Agreement is hereby further
amended by (i) deleting the word "and" appearing at the end of clause (xix) of
said Section, (ii) inserting the text "and succeeding clause (xxi) of this
Section" immediately after the text "(xix)" appearing in clause (xx) of said
Section, (iii) deleting the period at the end of clause (xx) of said Section and
inserting the text "; and" in lieu thereof and (iv) inserting the following new
clause (xxi) at the end of said Section:

                  "(xxi) the Bermuda Borrower may make intercompany loans
         (solely with the proceeds of Bermuda Multicurrency Facility Revolving
         Loans) to a Foreign Subsidiary which is not a Qualified Non-U.S.
         Obligor but which has (I) entered into a guaranty of the full amount of
         Bermuda Borrower Multicurrency Facility Revolving Loans incurred to
         fund the intercompany loans made by the Bermuda Borrower to the
         respective Foreign Subsidiary (plus accrued interest thereon), (II)
         entered into Foreign Security Documents (covering all or substantially
         all of its assets and consistent with the criteria described in Section
         5.15, 5.17 and 5.18(b) for Foreign Security Documents entered into on
         the Initial Borrowing Date) securing its obligations under such
         guaranty, (III) an intercompany loan agreement, in each case in form
         and substance satisfactory to the Administrative Agent and (IV) taken
         all action in connection with the foregoing as would have been required
         to

                                      -25-
<PAGE>

         be taken by such entity if same had been a Foreign Subsidiary Guarantor
         on the Initial Borrowing Date; provided however that any guaranty to be
         entered into pursuant to preceding subclause (I) (x) shall not be
         subject to a net worth or similar limitation, and (y) may be subject to
         customary insolvency, corporate benefit, financial capability or
         similar limitations or rules acceptable to the Administrative Agent.".

                  72. Section 9.13 of the Credit Agreement is hereby amended by
deleting said Section in its entirety and inserting the following new Section
9.13 in lieu thereof:

                  "9.13 Bank Debt Leverage Ratio. Holdings will not permit the
         Bank Debt Leverage Ratio at any time during a period set forth below to
         be greater than the ratio set forth opposite such period below:

<Table>
<Caption>
                  Period                                                                  Ratio
<S>                                                                                       <C>
                  First Amendment Effective Date to and including the day prior           1.35:1.00
                  to the last day of the 2nd Fiscal Quarter of Fiscal Year 2003

                  Last Day of the 2nd Fiscal Quarter of Fiscal Year 2003 to and           1.25:1.0
                  including the day occurring prior to the last day of the 1st
                  Fiscal Quarter of Fiscal Year 2004

                  Last Day of the 1st Fiscal Quarter of Fiscal Year 2004 to and           1.15:1.0
                  including the day occurring prior to the last day of 3rd
                  Fiscal Quarter of Fiscal Year 2004

                  Last Day of the 3rd Fiscal Quarter of Fiscal Year 2004 to and           1.10:1.0
                  including the day occurring prior to the last day of the 1st
                  Fiscal Quarter of Fiscal Year 2005

                  Last Day of the 1st Fiscal Quarter of Fiscal Year 2005                  1.00:1.0
                  and thereafter
</Table>

         Notwithstanding anything to the contrary contained in the table set
         forth above, at any time from November 1 to and including the last day
         of the 1st Fiscal Quarter of each Fiscal Year, the Bank Debt Leverage
         Ratio as otherwise set forth in the table above for the applicable
         period shall be adjusted by increasing the ratio by 0.25 (for example,
         for the period from November 1, 2003 to and including the day prior to
         the last day of the 1st Fiscal Quarter of Fiscal Year 2004, the Bank
         Debt Leverage Ratio would be increased from 1.25:1.00 to 1.50:1.00).
         All determinations of the Bank Debt Leverage Ratio for purposes of this
         Section 9.13 shall include Consolidated EBITDA as calculated on a Pro
         Forma Basis to give effect to all Permitted Acquisitions and
         Significant Asset Sales, if any, effected during (but not after) the
         respective Test Period for which Consolidated EBITDA is being
         determined; provided that for purposes of making determinations of
         compliance with this Section 9.13 pursuant to Section 8.15(a), the Bank
         Debt Leverage

                                      -26-
<PAGE>

         Ratio shall be calculated on a Pro Forma Basis as otherwise required by
         the definition of Pro Forma Basis contained herein."

                  73. Section 9.14(a)(i) of the Credit Agreement is hereby
amended by (i) inserting the text "any New 2010 Senior Notes," immediately
following the text "any New Senior Notes," in the first place such text appears
in said Section, (ii) inserting the text "(v) the New 2010 Senior Notes may be
exchanged for New 2010 Exchange Senior Notes in accordance with the requirements
of the respective definitions thereof and the relevant provisions of this
Agreement," immediately following the text "provided that" appearing in said
Section and (iii) inserting the text ", New 2010 Senior Notes" immediately
following the text "redeem New Senior Notes" appearing in said Section.

                  74. Section 9.14(a)(ii) of the Credit Agreement is hereby
amended by inserting the text ", any New 2010 Senior Notes Document" immediately
following the text "any New Senior Notes Document" appearing in said Section.

                  75. Section 9.14(b) of the Credit Agreement is hereby amended
by inserting the text ", the New 2010 Senior Notes Documents" immediately
following the text "the New Senior Notes Documents" appearing in said Section.

                  76. Section 9.16 of the Credit Agreement is hereby amended by
(i) redesignating clauses (ix) and (x) of said Section as clauses (x) and (xi),
respectively, and (ii) inserting the text "(ix) the New 2010 Senior Notes
Documents;" immediately following clause (viii) of said Section.

                  77. Section 9.17(a) of the Credit Agreement is hereby amended
by (i) inserting the text "(x)" immediately following the text "provided that,"
appearing in the proviso at the end of said Section and (ii) inserting the
following text before the period at the end of said Section:

         "and (y) in the case of a newly-formed Wholly-Owned Subsidiary of the
         U.S. Borrower organized in (i) a Qualified Non-U.S. Jurisdiction or
         (ii) a Non-Qualified Jurisdiction in which an existing Foreign
         Subsidiary Guarantor is organized, the actions described in clauses
         (D), (E) and (F) and applicable to such Wholly-Owned Subsidiary, shall
         not be required to be taken by such Wholly-Owned Subsidiary if the
         gross book value of its assets (determined as of the last day of the
         calendar month then last ended) is less than $10,000,000, until (and
         only until) the aggregate gross book value of all Wholly-Owned
         Subsidiaries which have not taken the actions described in clauses (D),
         (E) and (F) and applicable to such Wholly-Owned Subsidiaries in
         reliance on this proviso (determined as of the last day of the calendar
         month then last ended) exceeds $20,000,000, at which time all such
         excluded Wholly-Owned Subsidiaries (and not just those Wholly-Owned
         Subsidiaries required to reduce the aggregate gross book value of such
         excluded Wholly-Owned Subsidiaries to below $20,000,000) shall take the
         actions described in clauses (D), (E) and (F) and applicable to such
         Wholly-Owned Subsidiaries.".

                  78. Section 10.02 of the Credit Agreement is hereby amended by
deleting the text of such Section in its entirety and inserting the following
new text in lieu thereof:

                                      -27-
<PAGE>

         "(a) Any representation, warranty or statement made or deemed made by
         any Credit Party herein or in any other Credit Document (other than a
         Foreign Security Document) or in any statement or certificate delivered
         pursuant hereto or thereto shall prove to be untrue in any material
         respect on the date as of which made or deemed made, (b) any
         representation, warranty or statement which is qualified by a
         materiality standard of any kind and is made or deemed made by any
         Foreign Credit Party in any Foreign Security Document or in any
         statement or certificate delivered pursuant to any Foreign Security
         Document shall prove to be untrue in any material respect on the date
         as of which made or deemed made and (c) any material representation,
         warranty or statement which is not qualified by a materiality standard
         of any kind and is made or deemed made by any Foreign Credit Party in
         any Foreign Security Document or in any statement or certificate
         delivered pursuant to any Foreign Security Document shall prove to be
         untrue in any material respect on the date as of which made or deemed
         made; or".

                  79. Section 10.03 of the Credit Agreement is hereby amended by
deleting the text ", 8.22" appearing in said Section.

                  80. Section 10.07 of the Credit Agreement is hereby amended by
(i) deleting the text "$5,000,000" appearing in said Section and inserting the
text "$10,000,000" in lieu thereof, (ii) deleting the word "and" appearing prior
to the text "(ii)" in the proviso of said Section and (iii) inserting the
following text prior to the text "; or" appearing at the end of said Section:

          "and (iii) in the case of any default described in clause (b) above in
         the due performance or observance of any covenant or agreement
         contained in any Foreign Security Document that is not (directly or
         indirectly) related to the perfection or enforceability of a Lien on
         Collateral, such default shall not give rise to an Event of Default
         until such default shall continue unremedied for a period of at least
         15 days after notice to the defaulting party by the Administrative
         Agent, the Collateral Agent or the Required Lenders".

                  81. The final paragraph of Section 10 of the Credit Agreement
is hereby amended by (i) inserting the text "Bermuda Borrower" immediately
following the text "(x) the aggregate Stated Amount of all" appearing in clause
(v) of said Section and (ii) deleting clause (vi) of said Section and inserting
the following new clause (vi) in lieu thereof:

         "(vi) direct the U.S. Borrower to pay (and the U.S. Borrower agrees
         that upon receipt of such notice, or upon the occurrence of an Event of
         Default specified in Section 10.05 with respect to either Borrower, it
         will pay) to the Administrative Agent at the Payment Office such
         additional amount of cash (in the respective currencies in which such
         Letters of Credit are denominated), to be held as security by the
         Administrative Agent, as is equal to sum of (x) the aggregate Stated
         Amount of all U.S. Borrower Multicurrency Facility Letters of Credit
         then outstanding, (y) the aggregate Stated Amount of all U.S. Borrower
         Dollar Facility Letters of Credit then outstanding and (z) the
         aggregate Face Amount of all U.S. Borrower Bank Guaranties then
         outstanding;".

                                      -28-
<PAGE>

                  82. The definition of "Account Party" appearing in Section 11
of the Credit Agreement is hereby amended by inserting the text ", with respect
to Letters of Credit or Bank Guaranties," immediately following the text "shall
mean" appearing in said definition.

                  83. The definition of "Applicable Margin" appearing in Section
11 of the Credit Agreement is hereby amended by deleting the text "Section
8.01(a) or (b)" appearing in the proviso of the third sentence of said
definition and inserting the text "Section 8.01(b) or (c)" in lieu thereof.

                  84. The definition of "Applicable Prepayment Percentage"
appearing in Section 11 of the Credit Agreement is hereby amended by (i)
deleting the text "the Credit Agreement Parties shall have satisfied all of
their obligations pursuant to Section 8.22, (iii)" appearing in said definition,
(ii) redesignating clauses (iv) and (v) of said definition as clauses (iii) and
(iv), respectively, and (iii) inserting the text ", New 2010 Senior Notes"
immediately following the text "redeem New Senior Notes" appearing in said
definition.

                  85. The definition of "Asset Sale" appearing in Section 11 of
the Credit Agreement is hereby amended by deleting the text "$5,000,000"
appearing in said definition and inserting the text "$10,000,000" in lieu
thereof.

                  86. The definition of "Bank Guaranty Issuer" appearing in
Section 11 of the Credit Agreement is hereby amended by deleting the text "the
Bermuda Borrower" appearing in said definition and inserting the text "the U.S.
Borrower or the Bermuda Borrower" in lieu thereof.

                  87. The definition of "Change of Control" appearing in Section
11 of the Credit Agreement is hereby amended by inserting the text "any New 2010
Senior Notes Documents," immediately following the text "any New Senior Notes
Documents," appearing in said definition.

                  88. The definition of "B/G Supportable Indebtedness" appearing
in Section 11 of the Credit Agreement is hereby amended by deleting said
definition in its entirety.

                  89. The definition of "Documents" appearing in Section 11 of
the Credit Agreement is hereby amended by (i) deleting the word "and" appearing
at the end of clause (viii) of said definition and inserting a comma in lieu
thereof and (ii) inserting the text "and (x) the New 2010 Senior Notes
Documents" immediately preceding the period at the end of said definition.

                  90. The definition of "Individual Multicurrency Facility RL
Exposure" is hereby amended by deleting the text "made to the Bermuda Borrower
and" appearing in (i) the parenthetical in clause (I) of said definition and
(ii) the parenthetical in clause (III) of said definition.

                  91. The definition of "Multicurrency Facility Letter of
Credit" appearing in Section 11 of the Credit Agreement is hereby amended by (i)
inserting the text "U.S. Borrower or the" immediately following the text "issued
to the" appearing in said definition and (ii)

                                      -29-
<PAGE>

deleting the text "by the Bermuda Borrower" appearing in said definition and
inserting the text "by the respective Borrower" in lieu thereof.

                  92. The definition of "Note" appearing in Section 11 of the
Credit Agreement is hereby amended by deleting said definition in its entirety
and inserting the following new definition in lieu thereof:

                  "Note" shall mean each Tranche A Term Note, each Tranche B
         Term Note, each U.S. Borrower Multicurrency Facility Revolving Note,
         each Bermuda Borrower Multicurrency Facility Revolving Note, the U.S.
         Borrower Multicurrency Facility Swingline Note, the Bermuda Borrower
         Multicurrency Facility Swingline Note, each U.S. Borrower Dollar
         Facility Revolving Note, each Bermuda Borrower Dollar Facility
         Revolving Note, the U.S. Borrower Dollar Facility Swingline Note and
         the Bermuda Borrower Dollar Facility Swingline Note.

                  93. The definition of "Permitted Installment Note" appearing
in Section 11 of the Credit Agreement is hereby amended by deleting clause (ii)
of said definition in its entirety and redesignating clause (iii) of said
definition as clause (ii) thereof.

                  94. The definition of "Restricted Subsidiary" appearing in
Section 11 of the Credit Agreement is hereby amended by inserting the text
"(without giving effect to any termination thereof)" immediately after the text
"New Senior Notes Indenture as in effect on the Initial Borrowing Date"
appearing in said definition.

                  95. The definition of "Tranche" appearing in Section 11 of the
Credit Agreement is hereby amended by deleting said definition in its entirety
and inserting the following new definition in lieu thereof:

                  "Tranche" shall mean the respective facilities and commitments
         utilized in making Loans hereunder, with there being ten separate
         Tranches (i.e., Tranche A Term Loans, Tranche B Term Loans, U.S.
         Borrower Multicurrency Facility Revolving Loans, Bermuda Borrower
         Multicurrency Facility Revolving Loans, U.S. Borrower Multicurrency
         Facility Swingline Loans, Bermuda Borrower Multicurrency Facility
         Swingline Loans, U.S. Borrower Dollar Facility Revolving Loans, Bermuda
         Borrower Dollar Facility Revolving Loans, U.S. Borrower Dollar Facility
         Swingline Loans and Bermuda Borrower Dollar Facility Swingline Loans);
         provided that for purposes of the definition of "Supermajority
         Lenders", "Majority Lenders" and Section 13.12(a), there shall be
         deemed to be four separate Tranches (i.e., Tranche A Term Loans,
         Tranche B Term Loans, Multicurrency Facility Revolving Loans and Dollar
         Facility Revolving Loans).

                  96. The definition of "U.S. Borrower Guaranteed Obligations"
appearing in Section 11 of the Credit Agreement is hereby amended by deleting
clause (i) of said definition in its entirety and inserting the following new
clause (i) in lieu thereof:

         "(i) the principal and interest on each Tranche B Term Note, each
         Bermuda Borrower Multicurrency Facility Revolving Note, the Bermuda
         Borrower Multicurrency Facility Swingline Note, each Bermuda Borrower
         Dollar Facility Revolving Note and the

                                      -30-
<PAGE>

         Bermuda Borrower Dollar Facility Swingline Note issued by the Bermuda
         Borrower to each Lender, and each Tranche B Term Loan, each Bermuda
         Borrower Multicurrency Facility Revolving Loan, each Bermuda Borrower
         Multicurrency Facility Swingline Loan, each Bermuda Borrower Dollar
         Facility Revolving Loan and each Bermuda Borrower Dollar Facility
         Swingline Loan made, under this Agreement, all reimbursement
         obligations and Unpaid Drawings with respect to each Letter of Credit
         issued for the account of the Bermuda Borrower and all reimbursement
         obligations and Unreimbursed Payments with respect to each Bermuda
         Borrower Bank Guaranty, together with all the other obligations
         (including obligations which, but for the automatic stay under Section
         362(a) of the Bankruptcy Code, would become due) and liabilities
         (including, without limitation, indemnities, fees and interest thereon)
         of the Bermuda Borrower to each Lender, each Agent, each Issuing
         Lender, each Bank Guaranty Issuer and the Collateral Agent now existing
         or hereafter incurred under, arising out of or in connection with this
         Agreement or any other Credit Document and the due performance and
         compliance by the Bermuda Borrower with all the terms, conditions and
         agreements contained in the Credit Documents to which it is a party
         and".

                  97. Section 11 of the Credit Agreement is hereby further
amended by (i) deleting the definitions of "B/G Supportable Indebtedness",
"Foreign Subsidiaries Guaranty" and "Retained Excess Cash Flow Amount" appearing
in said Section and (ii) inserting the following new definitions in appropriate
alphabetical order:

                  "Aggregate U.S. Borrower Multicurrency Facility RL Exposure"
         at any time shall mean the sum of (i) the aggregate principal amount of
         all U.S. Borrower Multicurrency Facility Revolving Loans then
         outstanding (for this purpose, using the Dollar Equivalent of each such
         U.S. Borrower Multicurrency Facility Revolving Loan denominated in
         Euros), (ii) the aggregate amount of all U.S. Borrower Multicurrency
         Facility Letter of Credit Outstandings (using the Dollar Equivalent of
         all amounts expressed in Euros) at such time, (iii) the aggregate
         principal amount of all U.S. Borrower Multicurrency Facility Swingline
         Loans then outstanding (for this purpose, using the Dollar Equivalent
         of each such U.S. Borrower Multicurrency Swingline Loan denominated in
         Euros) and (iv) the aggregate amount of all U.S. Borrower Bank Guaranty
         Outstandings (using the Dollar Equivalent of all amounts expressed in
         Euros) at such time.

                  "Bank Guaranty Payment" shall have the meaning provided in
         Section 2B.05.

                  "Bermuda Borrower Bank Guaranty" shall mean each Bank Guaranty
         (which may be denominated in Dollars or Euros) issued for the account
         of the Bermuda Borrower pursuant to Section 2B.01 and designated as
         such by the Bermuda Borrower in the respective Bank Guaranty Request;
         provided that each "Bank Guaranty" issued for the account of the
         Bermuda Borrower prior to the First Amendment Effective Date shall be
         deemed to be a "Bermuda Borrower Bank Guaranty" for all purposes of
         this Agreement and the other Credit Documents following the First
         Amendment Effective Date.

                  "Bermuda Borrower Multicurrency Facility Letter of Credit"
         shall mean each Multicurrency Facility Letter of Credit (which may be
         denominated in Dollars or Euros)

                                      -31-
<PAGE>

         issued for the account of the Bermuda Borrower pursuant to Section
         2A.01 and designated as such by the Bermuda Borrower in the respective
         Letter of Credit Request; provided that each "Multicurrency Facility
         Letter of Credit" issued for the account of the Bermuda Borrower prior
         to the First Amendment Effective Date shall be deemed to be a "Bermuda
         Borrower Multicurrency Facility Letter of Credit" for all purposes of
         this Agreement and the other Credit Documents following the First
         Amendment Effective Date.

                  "Bermuda Borrower Multicurrency Facility Revolving Loan" shall
         have the meaning provided in Section 1.01(c).

                  "Bermuda Borrower Multicurrency Facility Revolving Note" shall
         have the meaning provided in Section 1.05(a).

                  "Bermuda Borrower Multicurrency Facility Swingline Loan" shall
         have the meaning provided in Section 1.01(e).

                  "Bermuda Borrower Multicurrency Facility Swingline Note" shall
         have the meaning provided in Section 1.05(a).

                  "B/G Participant" shall have the meaning provided in Section
         2B.04(a).

                  "B/G Supportable Indebtedness" shall mean (i) obligations of
         the U.S. Borrower or its Wholly-Owned Subsidiaries (or, in the case of
         any Existing Bank Guaranty, any Foreign Subsidiary of the U.S.
         Borrower) incurred in the ordinary course of business owing to taxing
         authorities, custom authorities or with respect to import and/or export
         licenses and (ii) such other obligations of the U.S. Borrower or its
         Wholly-Owned Subsidiaries as are reasonably acceptable to the
         Administrative Agent and the respective Bank Guaranty Issuer and
         otherwise permitted to exist pursuant to the terms of this Agreement.

                  "First Amendment" shall mean the First Amendment to this
         Agreement, dated as of May 29, 2003.

                  "First Amendment Effective Date" shall have the meaning
         provided in the First Amendment.

                  "Foreign Subsidiaries Guaranty" shall have the meaning
         provided in Section 5.14(b) and shall include any counterpart thereof
         and any other similar guaranty executed and delivered by any Foreign
         Subsidiary of Holdings pursuant to Section 8.11, 9.05(xxi) or 9.17.

                  "Individual Bermuda Borrower Multicurrency Facility RL
         Exposure" of any Multicurrency Facility RL Lender shall mean, at any
         time, the sum of (I) the aggregate principal amount of all Bermuda
         Borrower Multicurrency Facility Revolving Loans made by such
         Multicurrency Facility RL Lender and then outstanding (for this
         purpose, using the Dollar Equivalent of the principal amount of all
         Euro Denominated Revolving Loans made to the Bermuda Borrower and then
         outstanding), (II) such Multicurrency Facility

                                      -32-
<PAGE>

         RL Lender's L/C Participation Percentage in each then outstanding
         Bermuda Borrower Multicurrency Facility Letter of Credit multiplied by
         the sum of the Stated Amount of the respective Bermuda Borrower
         Multicurrency Facility Letter of Credit and any Unpaid Drawings
         relating thereto (for this purpose, using the Dollar Equivalent of any
         amounts expressed in Euros), (III) such Multicurrency Facility RL
         Lender's Multicurrency Facility RL Percentage multiplied by the
         aggregate principal amount of outstanding Bermuda Borrower
         Multicurrency Facility Swingline Loans (for this purpose, using the
         Dollar Equivalent of the principal amount of Euro Denominated Swingline
         Loans made to the Bermuda Borrower and then outstanding) and (IV) such
         Multicurrency Facility RL Lender's B/G Participation Percentage in each
         then outstanding Bermuda Borrower Bank Guaranty multiplied by the sum
         of the Face Amount of the respective Bermuda Borrower Bank Guaranty and
         any Unreimbursed Payments relating thereto (for this purpose, using the
         Dollar Equivalent of any amounts expressed in Euros).

                  "Individual U.S. Borrower Multicurrency Facility RL Exposure"
         of any Multicurrency Facility RL Lender shall mean, at any time, the
         sum of (I) the aggregate principal amount of all U.S. Borrower
         Multicurrency Facility Revolving Loans made by such Multicurrency
         Facility RL Lender and then outstanding (for this purpose, using the
         Dollar Equivalent of the principal amount of all Euro Denominated
         Revolving Loans made to the U.S. Borrower and then outstanding), (II)
         such Multicurrency Facility RL Lender's L/C Participation Percentage in
         each then outstanding U.S. Borrower Multicurrency Facility Letter of
         Credit multiplied by the sum of the Stated Amount of the respective
         U.S. Borrower Multicurrency Facility Letter of Credit and any Unpaid
         Drawings relating thereto (for this purpose, using the Dollar
         Equivalent of any amounts expressed in Euros), (III) such Multicurrency
         Facility RL Lender's Multicurrency Facility RL Percentage multiplied by
         the aggregate principal amount of outstanding U.S. Borrower
         Multicurrency Facility Swingline Loans (for this purpose, using the
         Dollar Equivalent of the principal amount of Euro Denominated Swingline
         Loans made to the U.S. Borrower and then outstanding) and (IV) such
         Multicurrency Facility RL Lender's B/G Participation Percentage in each
         then outstanding U.S. Borrower Bank Guaranty multiplied by the sum of
         the Face Amount of the respective U.S. Borrower Bank Guaranty and any
         Unreimbursed Payments relating thereto (for this purpose, using the
         Dollar Equivalent of any amounts expressed in Euros).

                  "New 2010 Exchange Senior Notes" shall mean New 2010 Senior
         Notes which are substantially identical securities to the New 2010
         Senior Notes issued on or prior to the First Amendment Effective Date,
         which New 2010 Exchange Senior Notes shall be issued pursuant to a
         registered exchange offer or private exchange offer for the New 2010
         Senior Notes and pursuant to the New 2010 Senior Notes Indenture. In no
         event will the issuance of any New 2010 Exchange Senior Notes increase
         the aggregate principal amount of New 2010 Senior Notes then
         outstanding or otherwise result in an increase in an interest rate
         applicable to the New 2010 Senior Notes.

                  "New 2010 Senior Notes" shall mean Indebtedness of the U.S.
         Borrower evidenced by senior notes, so long as (a) such Indebtedness
         has a final maturity no earlier than the seventh anniversary of the
         date of the incurrence of such Indebtedness and no required
         amortizations prior to such date, (b) such Indebtedness does not add
         guarantors,

                                      -33-
<PAGE>

         obligors or security from that which applies to the New Senior Notes,
         (c) the guaranties of such senior notes shall be subject to the same
         (or, from the perspective of the Lenders, more favorable) subordination
         provisions as applied to the guaranties of the New Senior Notes, (d)
         all other terms of such Indebtedness (including, without limitation,
         with respect to amortization, redemption provisions, maturities,
         covenants, defaults and remedies), are identical to those applicable to
         the New Senior Notes, and (e) the Net Cash Proceeds from the incurrence
         of such Indebtedness shall have been applied to repay Loans (and/or
         reduce the Total Revolving Loan Commitment) in accordance with the
         requirements of Sections 4.02(d), (h) and (i), as such Indebtedness is
         in effect on the First Amendment Effective Date and as the same may be
         amended, modified or supplemented from time to time in accordance with
         the terms hereof and thereof. As used herein, the term "New 2010 Senior
         Notes" shall include any New 2010 Exchange Senior Notes issued pursuant
         to the New 2010 Senior Notes Indenture in exchange for theretofore
         outstanding New 2010 Senior Notes, as contemplated by the Offering
         Memorandum, dated May 29, 2003, and the definition of New 2010 Exchange
         Senior Notes.

                  "New 2010 Senior Notes Documents" shall mean the New 2010
         Senior Notes, the New 2010 Senior Notes Indenture and all other
         documents executed and delivered with respect to the New 2010 Senior
         Notes or New 2010 Senior Notes Indenture, as in effect on the First
         Amendment Effective Date and as the same may be amended, modified or
         supplemented from time to time in accordance with the terms hereof and
         thereof.

                  "New 2010 Senior Notes Indenture" shall mean the Indenture,
         dated as of May 29 2003, among the U.S. Borrower, any U.S. Subsidiary
         Guarantors from time to time party thereto and the trustee therefor, as
         in effect on the First Amendment Effective Date and as the same may be
         amended, modified or supplemented from time to time in accordance with
         the terms hereof and thereof.

                  "Second-Tier Material Real Property" of any Person, shall mean
         any fee-owned (or equivalent) Real Property acquired by such Person
         after the Initial Borrowing Date with a value (determined using the
         initial purchase price paid by such Person for such Real Property)
         greater than $2,500,000 but less than or equal to $10,000,000.

                  "U.S. Borrower Bank Guaranty" shall mean each Bank Guaranty
         (which may be denominated in Dollars or Euros) issued for the account
         of the U.S. Borrower pursuant to Section 2B.01 and designated as such
         by the U.S. Borrower in the respective Bank Guaranty Request.

                  "U.S. Borrower Bank Guaranty Outstandings" shall mean, at any
         time, the sum of (i) the aggregate Face Amount of all outstanding U.S.
         Borrower Bank Guaranties which have not terminated at such time and
         (ii) the aggregate amount of all Unreimbursed Payments (taking the
         Dollar Equivalent of any amounts owed in Euros) in respect of all U.S.
         Borrower Bank Guaranties at such time.

                  "U.S. Borrower Multicurrency Facility Letter of Credit" shall
         mean each Multicurrency Facility Letter of Credit (which may be
         denominated in Dollars or Euros)

                                      -34-
<PAGE>

         issued for the account of the U.S. Borrower pursuant to Section 2A.01
         and designated as such by the U.S. Borrower in the respective Letter of
         Credit Request.

                  "U.S. Borrower Multicurrency Facility Letter of Credit
         Outstandings" shall mean, at any time, the sum of (i) the aggregate
         Stated Amount of all outstanding U.S. Borrower Multicurrency Facility
         Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings
         (taking the Dollar Equivalent of all amounts payable in Euros) in
         respect of all U.S. Borrower Multicurrency Facility Letters of Credit.

                  "U.S. Borrower Multicurrency Facility Revolving Loan" shall
         have the meaning provided in Section 1.01(c).

                  "U.S. Borrower Multicurrency Facility Revolving Note" shall
         have the meaning provided in Section 1.05(a).

                  "U.S. Borrower Multicurrency Facility Swingline Loan" shall
         have the meaning provided in Section 1.01(e).

                  "U.S. Borrower Multicurrency Facility Swingline Note" shall
         have the meaning provided in Section 1.05(a).

                  98. Section 13.04(a) of the Credit Agreement is hereby amended
by deleting the text "Section 8.22 or" appearing in said Section.

                  99. Section 13.12(a) of the Credit Agreement is hereby amended
by deleting the text "Section 8.22 or" appearing in said Section.

                  100. Notwithstanding anything to the contrary contained in the
Credit Agreement or in any Foreign Security Document, the Lenders hereby agree
that (i) if the gross book value of the receivables of Foreign Credit Parties
organized under the laws of a given jurisdiction which does not permit (or
recognize) the creation of a floating charge over receivables exceeds
$15,000,000 in the aggregate for such Foreign Credit Parties organized in such
jurisdiction (determined as of the last day of the calendar month then last
ended), such Foreign Credit Parties shall remain obligated to take all actions
required by the respective Foreign Security Documents (including providing
informational updates to the Collateral Agent (or its representative)) to ensure
that the security interest of the Collateral Agent in the receivables of such
Foreign Credit Parties remains fully perfected and enforceable, in each case, on
the last day of each calendar month, (ii) if the gross book value of the
receivables of Foreign Credit Parties organized under the laws of a given
jurisdiction which does not permit (or recognize) the creation of a floating
charge over receivables is less than or equal to $15,000,000 in the aggregate
for such Foreign Credit Parties organized in such jurisdiction (determined as of
the last day of the calendar month then last ended), such Foreign Credit Parties
shall be obligated to take all actions required by the respective Foreign
Security Documents (including providing informational updates to the Collateral
Agent (or its representative)) to ensure that the security interest of the
Collateral Agent in the receivables of such Foreign Credit Parties remains fully
perfected and enforceable, in each case, on the last day of each calendar
quarter and (iii) if the gross book value of the receivables of Foreign Credit
Parties organized under the laws of a given jurisdiction which does not permit
(or recognize) the creation of a floating charge over

                                      -35-
<PAGE>

receivables is less than $1,000,000 in the aggregate for such Foreign Credit
Parties organized in such jurisdiction (determined as of the last day of the
calendar month then last ended), such Foreign Credit Parties shall not be
obligated to take the actions required to ensure that the security interest of
the Collateral Agent in such receivables remains fully perfected and
enforceable.

                  101. Notwithstanding anything to the contrary contained in the
Credit Agreement or in any Foreign Security Document, the Lenders hereby agree
that (i) if the gross book value of the inventory of Foreign Credit Parties
organized under the laws of a given jurisdiction which does not permit (or
recognize) the creation of a floating charge over inventory exceeds $15,000,000
in the aggregate for such Foreign Credit Parties organized in such jurisdiction
(determined as of the last day of the calendar month then last ended), such
Foreign Credit Parties shall remain obligated to take all actions required by
the respective Foreign Security Documents (including providing informational
updates to the Collateral Agent (or its representative)) to ensure that the
security interest of the Collateral Agent in the inventory of such Foreign
Credit Parties remains fully perfected and enforceable, in each case, on the
last day of each calendar month, (ii) if the gross book value of the inventory
of Foreign Credit Parties organized under the laws of a given jurisdiction which
does not permit (or recognize) the creation of a floating charge over inventory
is less than or equal to $15,000,000 in the aggregate for such Foreign Credit
Parties organized in such jurisdiction (determined as of the last day of the
calendar month then last ended), such Foreign Credit Parties shall be obligated
to take all actions required by the respective Foreign Security Documents
(including providing informational updates to the Collateral Agent (or its
representative)) to ensure that the security interest of the Collateral Agent in
the inventory of such Foreign Credit Parties remains fully perfected and
enforceable, in each case, on the last day of each calendar quarter and (iii) if
the gross book value of the inventory of Foreign Credit Parties organized under
the laws of a given jurisdiction which does not permit (or recognize) the
creation of a floating charge over inventory is less than $1,000,000 in the
aggregate for such Foreign Credit Parties organized in such jurisdiction
(determined as of the last day of the calendar month then last ended), such
Foreign Credit Parties shall not be obligated to take the actions required to
ensure that the security interest of the Collateral Agent in such inventory
remains fully perfected and enforceable.

                  102. Notwithstanding anything to the contrary contained in the
Credit Agreement or in any Foreign Security Document, the Lenders hereby agree
that Foreign Credit Parties organized under the laws of a given jurisdiction
which does not permit (or recognize) the creation of a floating charge over
equipment shall be obligated to take all actions required by the respective
Foreign Security Documents (including providing informational updates to the
Collateral Agent (or its representative)) to ensure that the security interest
of the Collateral Agent in the equipment of such Foreign Credit Parties remains
fully perfected and enforceable, in each case, on the last day of each calendar
quarter (rather than on the last day of each calendar month or as otherwise
required by said Foreign Security Documents).

                  103. Schedule XI of the Credit Agreement is hereby amended by
deleting said Schedule in its entirety and replacing same with new Schedule XI
attached hereto.

                  104. Schedule XIV of the Credit Agreement is hereby amended by
deleting said Schedule in its entirety and replacing same with new Schedule XIV
attached hereto.

                                      -36-
<PAGE>

                  105. Exhibit A-1 to the Credit Agreement is hereby amended by
deleting same in its entirety and inserting in lieu thereof a new Exhibit A-1 in
the form of Exhibit A-1 attached hereto.

                  106. Exhibit A-2 to the Credit Agreement is hereby amended by
deleting same in its entirety and inserting in lieu thereof a new Exhibit A-2 in
the form of Exhibit A-2 attached hereto.

                  107. Exhibit B-3 to the Credit Agreement is hereby amended by
deleting same in its entirety.

                  108. The Credit Agreement is hereby further amended by adding
Exhibit B-3A thereto in the form of Exhibit B-3A attached hereto.

                  109. The Credit Agreement is hereby further amended by adding
Exhibit B-3B thereto in the form of Exhibit B-3B attached hereto.

                  110. The Credit Agreement is hereby further amended by adding
Exhibit B-6A thereto in the form of Exhibit B-6A attached hereto.

                  111. Exhibit B-6 to the Credit Agreement is hereby amended by
deleting same in its entirety.

                  112. The Credit Agreement is hereby further amended by adding
Exhibit B-6B thereto in the form of Exhibit B-6B attached hereto.

                  113. Exhibit C-1 to the Credit Agreement is hereby amended by
deleting same in its entirety and inserting in lieu thereof a new Exhibit C-1 in
the form of Exhibit C-1 attached hereto.

                  114. Exhibit C-2 to the Credit Agreement is hereby amended by
deleting same in its entirety and inserting in lieu thereof a new Exhibit C-2 in
the form of Exhibit C-2 attached hereto.

                  115. Exhibit K to the Credit Agreement is hereby amended by
deleting same in its entirety and inserting in lieu thereof a new Exhibit K in
the form of Exhibit K attached hereto.

II. Amendments to U.S. Subsidiaries Guaranty.

                  1. The first recital of the U.S. Subsidiaries Guaranty is
hereby amended by deleting the text "Bank Guaranties for the account of the
Bermuda Borrower" appearing in said recital and inserting the text "Bank
Guaranties for the respective accounts of the Borrowers" in lieu thereof.

                  2. The fourth recital of the U.S. Subsidiaries Guaranty is
hereby amended by deleting the text "Bank Guaranties for the account of the
Bermuda Borrower" appearing in said

                                      -37-
<PAGE>

recital and inserting the text "Bank Guaranties for the respective accounts of
the Borrowers" in lieu thereof.

                  3. The fifth recital of the U.S. Subsidiaries Guaranty is
hereby amended by deleting each instance of the text "Bank Guaranties for the
account of the Bermuda Borrower" appearing in said recital and inserting the
text "Bank Guaranties for the respective accounts of the Borrowers" in lieu
thereof.

                  4. Section 12 of the U.S. Subsidiaries Guaranty is hereby
amended by deleting the text "the account of the Bermuda Borrower" appearing in
the first paragraph of said Section and inserting the text "the respective
accounts of the Borrowers" in lieu thereof.

III. Amendment to Foreign Subsidiaries Guaranty.

                  1. Section 1 of the Foreign Subsidiaries Guaranty is hereby
amended by deleting the text "with respect to Bank Guaranties" appearing in
clause (x) of said Section and inserting the text "with respect to Bank
Guaranties issued for the account of the Bermuda Borrower" in lieu thereof.

                  2. Section 17 of the Foreign Subsidiaries Guaranty is hereby
amended by (i) inserting the text "(I)" immediately after the text "it being
understood that" in the first place such text appears in said Section, (ii)
inserting the text " and (II) any modification to Section 24 to add additional
guaranty limitations in respect of an additional Guarantor hereunder, in either
case," immediately prior to the text "shall not constitute" in the first place
such text appears in said Section and (iii) deleting the text "(or to the extent
required by Section 13.12 of the Credit Agreement, with the written consent of
each Lender)" in the first place such text appears in said Section and inserting
the text "(or (A) to the extent required by Section 13.12 of the Credit
Agreement, with the written consent of each Lender, or (B) to the extent
permitted by Section 13.12 of the Credit Agreement, the Administrative Agent)"
in lieu thereof.

IV. Amendments to Intercompany Subordination Agreement.

                  1. The thirteenth recital of the Intercompany Subordination
Agreement is hereby amended by inserting the text ", the New 2010 Senior Notes
Documents" immediately following the text "the Credit Agreement" appearing in
said recital.

                  2. The recitals of the Intercompany Subordination Agreement
are hereby further amended by inserting the following new recitals immediately
following the eleventh recital thereof:

                  "WHEREAS, pursuant to the New 2010 Senior Notes Indenture, the
         U.S. Borrower has issued the New 2010 Senior Notes in aggregate
         principal amount of $400,000,000 (with the holders from time to time of
         such New 2010 Senior Notes being herein called the "New 2010 Senior
         Noteholders") pursuant to the New 2010 Senior Notes Indenture;

                  WHEREAS, certain U.S. Subsidiary Guarantors have guaranteed
         the repayment in full of the New 2010 Senior Notes pursuant to the New
         2010 Senior Notes Indenture;"

                                      -38-
<PAGE>

                  3. The definition of "Senior Creditors" appearing in Section 7
of the Intercompany Subordination Agreement is hereby amended by (i) deleting
the word "and" appearing immediately following the text "the Existing Senior
Noteholders" and inserting a comma in lieu thereof and (ii) inserting the text
"and the New 2010 Senior Noteholders" immediately following the text "the New
Senior Noteholders" appearing in said definition.

                  4. The definition of "Senior Indebtedness" appearing in
Section 7 of the Intercompany Subordination Agreement is hereby amended by (i)
deleting the text "Credit Agreement Party" in each place such text appears in
clauses (iii), (iv) and (v) of said definition and inserting the text "U.S.
Credit Party" in lieu thereof (ii) deleting the word "and" appearing at the end
of clause (iv) of said definition, (iii) deleting the period appearing at the
end of clause (v) of said definition and inserting the text "; and" in lieu
thereof and (iv) inserting the following new clause (vi) at the end of said
definition:

                  "(vi) all Obligations (including Obligations which, but for
         the automatic stay under Section 362(a) of the Bankruptcy Code, would
         become due) and liabilities of each U.S. Credit Party to the New 2010
         Senior Noteholders, now existing or hereafter incurred under, arising
         out of or in connection with any New 2010 Senior Notes Documents
         (including, without limitation, all such obligations and liabilities
         under any guarantees relating thereto) and the due performance and
         compliance by each such U.S. Credit Party with the terms of each such
         New 2010 Senior Notes Document (all such obligations and liabilities
         under this clause (vi) being herein collectively called the "New 2010
         Senior Note Obligations").".

V. Amendments to Capital Call Agreement.

                  1. The recitals of the Capital Call Agreement are hereby
amended by inserting the following new recital immediately following the fourth
recital thereof:

                  "WHEREAS, the U.S. Borrower has issued $400,000,000 in
         aggregate principal amount of New 2010 Senior Notes (with the holders
         from time to time of such New 2010 Senior Notes being herein called the
         "New 2010 Senior Noteholders") pursuant to the New 2010 Senior Notes
         Indenture;".

                  2. The seventh recital of the Capital Call Agreement is hereby
amended by (i) deleting the word "and" appearing immediately following the text
"under the Credit Agreement" and inserting a comma in lieu thereof and (ii)
inserting the text "and the issuance of New 2010 Senior Notes to the New 2010
Senior Noteholders pursuant to the New 2010 Senior Notes Indenture" immediately
following the text "the New Senior Notes Indenture" appearing in said recital.

                  3. The definition of "Capital Call Amount" appearing in
Section 1 of the Capital Call Agreement is hereby deleted in its entirety and
the following new definition is inserted in lieu thereof:

                  "Capital Call Amount" shall mean (i) in the case of a Capital
         Call Event described in clause (i) of the definition thereof, that
         amount which is required to achieve

                                      -39-
<PAGE>

         compliance with a maximum Leverage Ratio of 4.65:1.0 as at the last day
         of the Test Period ended on the last day of the 1st Fiscal Quarter of
         Fiscal Year 2004 (as determined on a Pro Forma Basis, after giving
         effect to the repayment of Loans with the proceeds of the respective
         Capital Call required pursuant to Section 4.02(e) of the Credit
         Agreement), and (ii) in the case of a Capital Call Event described in
         clause (ii) of the definition thereof, the Maximum Capital Call Amount
         in effect at the time of the occurrence of such Capital Call Event;
         provided that in no event shall (x) the Capital Call Amount in respect
         of any Capital Call Event exceed the Maximum Capital Call Amount as
         same is in effect on the date of the occurrence of the respective
         Capital Call Event or (y) the aggregate amount of Investments pursuant
         to all Capital Calls under this Agreement exceed $50,000,000.

                  4. The definition of "Capital Call Event" appearing in Section
1 of the Capital Call Agreement is hereby deleted in its entirety and the
following new definition is inserted in lieu thereof:

                  "Capital Call Event" shall mean the occurrence of any of the
         following: (i) Holdings' failure to achieve a Leverage Ratio of
         4.65:1.0 (or less) as at the last day of the Test Period ended on the
         last day of the 1st Fiscal Quarter of Fiscal Year 2004 and (ii)
         Holdings' failure to deliver a Capital Call Officer's Certificate on
         the date of the required delivery of the financial statements in
         respect of the 1st Fiscal Quarter of Fiscal Year 2004 pursuant to
         Section 8.01(b) of the Credit Agreement.

                  5. The definition of "Capital Call Officer's Certificate"
appearing in Section 1 of the Capital Call Agreement is hereby deleted in its
entirety and the following new definition is inserted in lieu thereof:

                  "Capital Call Officer's Certificate" shall mean an officer's
         certificate of the Chief Financial Officer of Holdings, which officer's
         certificate shall (i) be delivered to the Administrative Agent and the
         Lenders on the date of the required delivery of the financial
         statements in respect of the 1st Fiscal Quarter of Fiscal Year 2004
         pursuant to (and within the time frames specified in) Section 8.01(b)
         of the Credit Agreement, (ii) set forth the Consolidated Indebtedness
         and Consolidated EBITDA of Holdings as at the last day of, or for, the
         Test Period ending on the last day of the 1st Fiscal Quarter of Fiscal
         Year 2004, (iii) set forth in reasonable detail the calculations
         required to establish that Holdings achieved a Leverage Ratio of
         4.65:1.0 (or less) as at the last day of the Test Period ended on the
         last day of the 1st Fiscal Quarter of Fiscal Year 2004, and (iv)
         otherwise be in form and substance satisfactory to the Administrative
         Agent.

                  6. The definition of "First Compliance Date" appearing in
Section 1 of the Capital Call Agreement is hereby deleted in its entirety.

                  7. The definition of "Senior Noteholders" appearing in Section
1 of the Capital Call Agreement is hereby amended by inserting the text ", the
New 2010 Senior Noteholders" immediately following the text "the Existing 2013
Senior Noteholders" appearing in said definition.

                                      -40-
<PAGE>

                  8. Section 1 of the Capital Call Agreement is hereby further
amended by inserting the following new definitions in appropriate alphabetical
order:

                  "New 2010 Senior Noteholders" shall have the meaning provided
in the recitals to this Agreement.

                  "Compliance Date" shall mean the earlier to occur of (i) that
         date on which Holdings shall have delivered a Capital Call Officer's
         Certificate demonstrating compliance with a Leverage Ratio of 4.65:1.0
         as at the last day of the Test Period ended on the last day of the 1st
         Fiscal Quarter of Fiscal Year 2004 and (ii) that date upon which
         Murdock shall have funded a Capital Call in an amount equal to the
         required Capital Call Amount pursuant to, and in accordance with the
         requirements of, Section 2(a) as a result of a Capital Call Event of
         the type described in clause (i) of the definition thereof.

                  9. Section 2(a) of the Capital Call Agreement is hereby
amended by (i) deleting the comma appearing at the end of clause (w) of said
Section and inserting the word "and" in lieu thereof, (ii) deleting the text
"the date upon which Holdings shall deliver a Capital Call Officer's Certificate
in respect of the 1st Fiscal Quarter of Fiscal Year 2005 which indicates that a
Capital Call Event described in clause (ii) of the definition thereof shall have
occurred, (y) the date any Capital Call Event described in clause (iii) of the
definition hereof shall have occurred, and (z)" appearing in said Section, (iii)
deleting the text "clause (iv)" appearing in said Section and inserting the text
"clause (ii)" in lieu thereof and (iv) inserting the text "the New 2010 Senior
Notes Documents," immediately following the text "the New Senior Notes
Documents," appearing in clause (ii) of the first proviso of said Section.

                  10. Section 8 of the Capital Call Agreement is hereby amended
by deleting the word "and" appearing immediately following the text "the Credit
Agreement" in said Section and inserting a comma in lieu thereof and (ii)
inserting the text "and the New 2010 Senior Noteholders to enter into the New
2010 Senior Notes Indenture," immediately following the text "the New Senior
Notes Indenture" appearing in said Section.

                  11. Section 13 of the Capital Call Agreement is hereby amended
by (i) deleting each instance of the text "First Compliance Date" in said
Section and inserting the text "Compliance Date" in lieu thereof and (ii)
deleting the fourth sentence of said Section in its entirety and inserting the
following new sentence in lieu thereof:

                  "Except as provided in the immediately preceding sentence,
         neither Murdock nor Holdings may assign any of their respective rights
         or obligations hereunder without the consent of the Administrative
         Agent (acting with the consent of each of the Lenders) and, at all
         times prior to the Compliance Date, (i) the consent of the trustee
         under the New Senior Notes Indenture (acting with the consent of the
         New Senior Noteholders holding a majority of the outstanding principal
         amount of the New Senior Notes), (ii) the consent of the trustee under
         the New 2010 Senior Notes Indenture (acting with the consent of the New
         2010 Senior Noteholders holding a majority of the outstanding principal
         amount of the New 2010 Senior Notes) and (iii) the consent of the
         trustee under the Existing 2009 Senior Notes Indenture, the trustee
         under the Existing 2013 Senior Notes Indenture and the trustee under
         the New Senior Notes Indenture (in the case of this clause (iii),
         acting

                                      -41-
<PAGE>

         with the consent of the holders of a majority of the aggregate
         principal amount of the Existing 2009 Senior Notes, the Existing 2013
         Senior Notes and the New Senior Notes, as a single class) (with the
         consents described in preceding clauses (i), (ii) and (iii) being
         herein called the "Requisite Senior Noteholder Consents").".

                  12. Section 14 of the Capital Call Agreement is hereby amended
by deleting the text "First Compliance Date" in said Section and inserting the
text "Compliance Date" in lieu thereof.

                  13. Section 16 of the Capital Call Agreement is hereby amended
by (i) deleting the text "First Compliance Date" in said Section and inserting
the text "Compliance Date" in lieu thereof, (ii) deleting the word "and"
appearing at the end of clause (ii) of said Section and inserting a comma in
lieu thereof and (iii) inserting the text "and (iv) all New 2010 Senior Notes
and all other amounts owing under the New 2010 Senior Notes Documents (other
than obligations in respect of indemnities not yet claimed) have been repaid in
full" immediately preceding the period at the end said Section.

VI. Miscellaneous Provisions.

                  1. In order to induce the Lenders to enter into this
Amendment, each Credit Agreement Party hereby represents and warrants that:

                  (a) no Default or Event of Default exists as of the First
         Amendment Effective Date, both immediately before and immediately after
         giving effect thereto; and

                  (b) all of the representations and warranties contained in the
         Credit Agreement and the other Credit Documents are true and correct in
         all material respects on the First Amendment Effective Date both
         immediately before and immediately after giving effect thereto, with
         the same effect as though such representations and warranties had been
         made on and as of the First Amendment Effective Date (it being
         understood that any representation or warranty made as of a specific
         date shall be true and correct in all material respects as of such
         specific date).

                  2. This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement, the U.S. Subsidiaries Guaranty, the Foreign Subsidiaries
Guaranty, the Intercompany Subordination Agreement, the Capital Call Agreement
or any other Credit Document.

                  3. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with Holdings and the Administrative Agent.

                    4. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.

                                      -42-
<PAGE>

                  5. This Amendment shall become effective on the date (the
"First Amendment Effective Date") when each of the following conditions shall
have been satisfied; provided that the First Amendment Effective Date may occur
concurrently with the last of such conditions to be satisfied:

                  (i) each Credit Agreement Party, each Lender, each party to
         the Capital Call Agreement, each U.S. Subsidiary Guarantor party to the
         U.S. Subsidiaries Guaranty, each Foreign Subsidiary Guarantor party to
         the Foreign Subsidiaries Guaranty and each Party (as defined in the
         Intercompany Subordination Agreement) party to the Intercompany
         Subordination Agreement shall have signed a counterpart hereof (whether
         the same or different counterparts) and shall have delivered (including
         by way of facsimile transmission) the same to the Administrative Agent
         at its Notice Office;

                  (ii) Holdings and the Borrowers shall have paid to the
         Administrative Agent and the Lenders all fees, costs and expenses
         (including legal fees and expenses, but excluding (x) legal fees and
         expenses not invoiced to Holdings and the Borrowers by the date two
         days prior to the First Amendment Effective Date and (y) the Amendment
         Fee referred to in Section 6 below) payable to the Administrative Agent
         and the Lenders to the extent then due;

                  (iii) the New 2010 Senior Notes shall have been issued
         generating gross cash proceeds of at least $400.0 million, all of which
         shall have been applied to repay Loans in accordance with the
         requirements of the Credit Agreement (as amended hereby); and

                  (iv) the Administrative Agent shall have received from Paul,
         Hastings, Janofsky and Walker LLP, special New York counsel to the
         Credit Parties, an opinion addressed to each Agent, the Collateral
         Agent and each of the Banks and dated the First Amendment Effective
         Date, which opinion shall be required to contain an opinion as to (x)
         due authorization, execution and delivery of this Amendment by Holdings
         and the U.S. Borrower and (y) no conflict with the New 2010 Senior
         Notes Indenture, the New Senior Notes Indenture, the Existing 2009
         Senior Notes Indenture and the Existing 2013 Senior Notes Indenture)
         and shall be in form and substance reasonably satisfactory to the
         Administrative Agent;

provided however that in the event that any Foreign Subsidiary (other than the
Bermuda Borrower) fails to execute this Amendment on the date that all of the
other conditions set forth in this Section 5 shall have been satisfied, this
Amendment shall nevertheless be deemed to have become effective (except for
Parts III and IV hereof) and the First Amendment Effective Date shall be deemed
to have occurred, provided that the Credit Agreement Parties shall cause each
such Foreign Subsidiary which has not so executed this Amendment on such date to
execute and deliver its signature page hereto within 30 calendar days following
the First Amendment Effective Date, at which time the provisions of Parts III
and IV hereof shall become effective (the "Delayed Effective Time").

                  6. The Borrowers hereby covenant and agree (on a joint and
several basis) that, so long as the First Amendment Effective Date occurs, they
shall pay (in U.S. Dollars) to each Lender which executes and delivers to the
Administrative Agent (or its designee) a

                                      -43-
<PAGE>

counterpart hereof by 5:00 P.M. (New York City time) on May 27, 2003, a
non-refundable cash fee (the "Amendment Fee") in an amount equal to 37.5 basis
points (0.375%) on an amount equal to the sum of (i) the aggregate principal
amount of all Term Loans of such Lender outstanding on the First Amendment
Effective Date (after giving effect to the repayment of Term Loans of such
Lender on such date with the Net Cash Proceeds from the issuance of the New 2010
Senior Notes) plus (ii) the Revolving Loan Commitment of such Lender as in
effect on the First Amendment Effective Date (after giving effect to the
reduction of the Total Revolving Loan Commitment on such date with the Net Cash
Proceeds from the issuance of the New 2010 Senior Notes). The Amendment Fee
shall not be subject to counterclaim or set-off, or be otherwise affected by,
any claim or dispute relating to any other matter. The Amendment Fee shall be
paid by the Borrowers to the Administrative Agent for distribution to the
relevant Lenders not later than the second Business Day following the First
Amendment Effective Date.

                  7. From and after the First Amendment Effective Date or the
Delayed Effective Time, as the case may be, all references in the Credit
Agreement and each of the other Credit Documents to the Credit Agreement, the
U.S. Subsidiaries Guaranty, the Foreign Subsidiaries Guaranty, the Intercompany
Subordination Agreement and the Capital Call Agreement shall be deemed to be
references to the Credit Agreement, the Intercompany Subordination Agreement or
the Capital Call Agreement, as the case may be, as modified hereby on First
Amendment Effective Date or the Delayed Effective Time, as the case may be.

                                      * * *

                                      -44-
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have caused their duly
authorized officers to execute and deliver this Amendment as of the date first
above written.

                                        DHM HOLDING COMPANY, INC.,
                                             as a Guarantor and a Party

                                        By   /s/ Richard J. Dahl
                                             -----------------------------------
                                             Name:  Richard J. Dahl
                                             Title: Vice President, Chief
                                                    Financial Officer and
                                                    Assistant Secretary

                                        DOLE FOOD COMPANY, INC.,
                                             as a Borrower and a Party

                                        By   /s/ Richard J. Dahl
                                             -----------------------------------
                                             Name:  Richard J. Dahl
                                             Title: Vice President and Chief
                                                    Financial Officer

                                        SOLVEST, LTD.,
                                             a Borrower and a Party

                                        By   /s/ Beth Potillo
                                             -----------------------------------
                                             Name:  Beth Potillo
                                             Title: Vice President and Treasurer

                                        DAVID H. MURDOCK,
                                             Individually and as trustee for
                                             the David H. Murdock Living Trust

                                        By   /s/ David H. Murdock
                                             -----------------------------------

<PAGE>
                                        AG 1970, INC.
                                        AG 1971, INC.
                                        AG 1972, INC.
                                        ALYSSUM CORPORATION
                                        BANANERA ANTILLANA (COLOMBIA), INC.
                                        BARCLAY HOLLANDER CORPORATION
                                        BLUE ANTHURIUM, INC.
                                        BUD ANTLE, INC.
                                        CALAZO CORPORATION
                                        CALICAHOMES, INC.
                                        CALIFORNIA POLARIS, INC.
                                        CERULEAN, INC.
                                        CLOVIS CITRUS ASSOCIATION
                                        COOL ADVANTAGE, INC.
                                        COOL CARE, INC.
                                        DELPHINIUM CORPORATION
                                        DIVERSIFIED IMPORTS CO.
                                        DNW SERVICES COMPANY
                                        DOLE ABPIK, INC.
                                        DOLE ARIZONA DRIED FRUIT AND NUT COMPANY
                                        DOLE ASSETS, INC.
                                        DOLE CARROT COMPANY
                                        DOLE CITRUS
                                        DOLE DF&N, INC.
                                        DOLE DIVERSIFIED, INC.
                                        DOLE DRIED FRUIT AND NUT COMPANY
                                        DOLE EUROPE COMPANY
                                        DOLE FARMING, INC.
                                        DOLE FOOD FLIGHT OPERATIONS. INC.
                                        DOLE FRESH FLOWERS, INC.
                                        DOLE FRESH FRUIT COMPANY
                                        DOLE FRESH VEGETABLES, INC.
                                        DOLE HOLDINGS, INC.
                                        DOLE LAND COMPANY, INC.
                                        DOLE LOGISTICS SERVICES, INC.
                                        DOLE NORTHWEST, INC.
                                        DOLE OCEAN CARGO EXPRESS, INC.
                                        DOLE OCEAN LINER EXPRESS, INC.
                                        DOLE ORLAND, INC.
                                        DOLE PACKAGED FOODS CORPORATION
                                        DOLE SUNFRESH EXPRESS, INC.
                                        DOLE VISAGE, INC.
                                        E.T. WALL COMPANY
                                        EARLIBEST ORANGE ASSOCIATION, INC.
                                        FALLBROOK CITRUS COMPANY, INC.

<PAGE>
                                        FLOWERNET, INC.
                                        IKON CORPORATION
                                        LA PETITE D'AGEN, INC.
                                        LINDERO HEADQUARTERS COMPANY, INC.
                                        LINDERO PROPERTY, INC.
                                        M K DEVELOPMENT, INC.
                                        MALAGA COMPANY, INC.
                                        MUSCAT, INC.
                                        OAHU TRANSPORT COMPANY, LIMITED
                                        OCEAN VIEW PRODUCE COMPANY
                                        PACIFIC COAST TRUCK COMPANY
                                        PAN-ALASKA FISHERIES, INC.
                                        PRAIRIE VISTA, INC.
                                        RENAISSANCE CAPITAL CORPORATION
                                        ROYAL PACKING, CO.
                                        SAW GRASS TRANSPORT, INC.
                                        STANDARD FRUIT AND STEAMSHIP COMPANY
                                        STANDARD FRUIT COMPANY
                                        SUN COUNTRY PRODUCE, INC.
                                        SUN GIANT, INC.
                                        VELTMAN TERMINAL CO.
                                        WAHIAWA WATER COMPANY, INC.
                                        WAIALUA SUGAR COMPANY, INC.
                                        WEST FOODS, INC.
                                        ZANTE CURRANT, INC.

                                             By Richard Dahl,
                                             on behalf of each of the above
                                             Domestic Subsidiaries

                                        By   /s/ Richard J. Dahl
                                             -----------------------------------
                                             Title: Authorized Officer

                                        MIRADERO FISHING CO., INC.

                                        By   /s/ Beth Potillo
                                             -----------------------------------
                                             Name:  Beth Potillo
                                             Title: Treasurer

<PAGE>
                                        ACTIVIDADES AGRICOLAS, S.A.

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

                                        AEROFUMIGACION CENTROAMERICANA, S.A.

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

                                        AGOURA LIMITED

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

                                        AGRICOLA CALIFORNIA, LTDA.

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

                                        AGRICOLA EUFEMIA LTDA.

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

<PAGE>

                                        AGRICOLA PENCAHUE LTDA.

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

                                        AGRICOLA PUNITAQUI LTDA.

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

                                        AGRICOLA RAUQUEN LTDA.

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

                                        AGRICOLA SANTA INES, S.A.

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

                                        AGROINDUSTRIA DEL CARIBE, S.A.

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

<PAGE>
                                        AGROINDUSTRIAL ALMA VERDE, S.A.

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

                                        AGROINDUSTRIAL PINAS DEL BOSQUE, S.A.

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

                                        AGROPECUARIA RIO JIMENEZ, S.A.

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

                                        AGROPECUARIA SAN GABRIEL LTDA.

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

                                        AGROPECUARIA SAN PEDRO LTDA.

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

<PAGE>
                                        AGROVERDE S.A.

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

                                        ALMACENES ATALANTA, S.A.

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

                                        ALPPHA SIDERAL, S.A.

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

                                        ASHFORD COMPANY, LTD.

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

                                        BALTIME LIMITED

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

<PAGE>
                                        BANA LTDA.

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

                                        BANANACORP, S.A.

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

                                        BANANERA EL PORVENIR, S.A.

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

                                        BANANERA LA PAZ, S.A.

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

                                        BANANERA RIO MAME, S.A.

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

<PAGE>

                                        BANAPLUS, INC.

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

                                        BANCUBER, S.A.

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

                                        BETINO, S.A.

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

                                        BIENES Y SERVICIOS S DE R L DE CV

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

                                        BIENES Y VALORES, S.A.

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

<PAGE>
                                        BRUNETTI S.A.

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

                                        CARTONES SAN FERNANDO, S.A.

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

                                        CASTLE & COOKE WORLDWIDE, LTD.

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

                                        COMPANIA AGRICOLA EL PROGRESO, S.A.

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

                                        COMPANIA AGRICOLA INDUSTRIAL
                                             CEIBENA, S.A.

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

<PAGE>
                                        COMPANIA AGRICOLA MAZAPAN, S.A.

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

                                        COMPANIA AGROPECUARIA EL PORVENIR, S.A.

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

                                        COMPANIA BANANERA DEBA, S.A.

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

                                        COMPANIA BANANERA DEL SAN RAFAEL, S.A.

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

                                        COMPANIA BANANERA EL ENCANTO, S.A.

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

<PAGE>
                                        COMPANIA EXPORTADORA DE PRODUCTOS
                                             AGRICOLAS S.C.A.

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

                                        COMPANIA FINANCIERA DE COSTA RICA, S.A.

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

                                        COMPANIA FRUTOS DE LA TIERRA, S.A.

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

                                        COMPANIA NAVIERA AGMARESA, S.A.

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

                                        CLINICAS MEDICAS DEL AGUAN, S.A.

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

<PAGE>
                                        COMERCIAL INDUSTRIAL ECUATORIANA, S.A.

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

                                        COMERCIALIZACIONES SUNMEX MEXICANA,
                                             S.A. DE C.V.

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

                                        COMERCIALIZADORA E IMPORTADORA VINA DEL
                                             MAR, S.A.

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

                                        COORDINADORA DE SERVICIOS DE
                                             TRANSPORTE, S.A.

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

                                        COPDEBAN S.A.C.

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

<PAGE>
                                        DESARROLLO BANANERO LA ESPERANZA, S.A.

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

                                        DESARROLLO MELONERO DEL GOLFO, S.A.

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

                                        DESARROLLOS URBANOS LA CEIBA, S.A.

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

                                        DFC FOODS, INC.

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

                                        DISTRIBUIDORA DE PRODUCTOS DIVERSOS,
                                             S.A.

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

<PAGE>
                                        DIVERSIFICADOS DE COSTA RICA DICORI,
                                             S.A.

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

                                        DOLE ASIA, LTD.

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

                                        DOLE CHILE S.A.

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

                                        DOLE CHINA LIMITED

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

                                        DOLE COMERCIALIZACION

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

<PAGE>
                                        DOLE DE VENEZUELA, S.A.

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

                                        DOLE DEUTSCHLAND
                                             BETEILIGUNGSGESELLSCHAFT MBH

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

                                        DOLE DEUTSCHLAND GMBH

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

                                        DOLE BRASIL, LTDA.

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

                                        DOLE EUROPE S.A.S.

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

<PAGE>
                                        DOLE EUROPE B.V.

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

                                        DOLE FOOD ESPANA, S.A.

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

                                        DOLE FOODS OF CANADA, LTD.

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

                                        DOLE FOREIGN HOLDINGS, LTD.

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

                                        DOLE FRANCE, S.A.

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

<PAGE>
                                        DOLE FRESH FRUIT EUROPE OHG

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

                                        DOLE FRESH FRUIT HELLAS

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

                                        DOLE FRESH FRUIT INTERNATIONAL LIMITED

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

                                        DOLE FRESH FRUIT MED GIDA URUNLERI
                                             TICAET A.S.

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

                                        DOLE HOLLAND B.V.

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

<PAGE>
                                        DOLE HONG KONG LTD.

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

                                        DOLE INTERNATIONAL, LTD.

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

                                        DOLE ITALIA SPA

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

                                        KABUSHIKI KAISHA DOLE

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

                                        DOLE KOREA, LTD.

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

<PAGE>
                                        MEXICOTEC, S.A. DE C.V.

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

                                        DOLE NEW ZEALAND LTD.

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

                                        DOLE PACKAGED FOODS EUROPESAS

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

                                        DOLE PACIFIC GENERAL SERVICES, LTD.

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

                                        DOLE PHILIPPINES, INC.

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

<PAGE>
                                        DOLE POLAND SP.ZO.O

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

                                        QINGDAO DOLE FOOD CO, LTD.

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

                                        DOLE SHANGHAI CO. LTD.

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

                                        DOLE SHARED SERVICES, LIMITED

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

                                        DOLE SOUTH AFRICA

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

<PAGE>
                                        DOLE THOMSEN S.A.

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

                                        DOLE U.K. LIMITED

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

                                        EMBALAJES STANDARD, S.A.

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

                                        ENERGUA S.A. SUCURSALI HONDURAS

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

                                        ENERGUA S.A.

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

<PAGE>
                                        EQUIPO PESADO S.A.

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

                                        ESTIBADORES GOLFITENOS

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

                                        FABRICA DE MANTECA & JABON
                                             ATLANTIDA, S.A.

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

                                        FRATELLI ISELLA S.R.L.

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

                                        FRIOCONT, S.A.

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

<PAGE>
                                        FRUIT CARE SERVICES

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

                                        FRUTBAN, S.A.

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

                                        GRANELCONT, S.A.

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

                                        GUAYAMI, S.A.

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

                                        HACIENDA LA ROSALIA, S.A.

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

<PAGE>
                                        HOSPITAL COYOLES, S.A.

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

                                        INTERFRUIT COMPANY, LIMITED

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

                                        INVERSIONES AGRICA, S.A.

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

                                        INVERSIONES DEL AGRO, C.A.

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

                                        INVERSIONES DEL PACIFICO S.A.

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

<PAGE>
                                        COMPANIA INVERSIONES MEDICAS NACIONALE
                                             S.A.

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

                                        INVERSIONES ORIHUECA LTDA.

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

                                        INVERSIONES Y VALORES DE
                                             MONTECRISTO, S.A.

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

                                        LA FIORITA SRL

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

                                        LA PERLA, S.A.

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

<PAGE>
                                        LABORATORIOS Y SERVICIOS DE
                                             MERISTEMOS, S.A.

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

                                        MAGAZZINI FRIGORIFERI DI SANTA PALOMBA

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

                                        MAHELE, LIMITED

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

                                        MANUFACTURAS DE CARTON, S.A.

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

                                        MEGABANANA, S.A.

                                        By
                                             -----------------------------------
                                             Name:
                                             Title:
<PAGE>

                                        MODUMOLL, S.A.

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

                                        MULTISERVICIOS, S.A.

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

                                        NAPORTEC, S.A.

                                        PAUL KEMPOWSKI GMBH & CO. KG

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

                                        PEMATIN S.A.

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

                                        PESCASEROLI S.A.

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

<PAGE>
                                        PINA ANTILLANA, S.A.

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

                                        PLASTICOS, S.A.

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

                                        PRODUCTORA AGRICOLA DE ATLANTIDA, S.A.

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

                                        PRODUCTORA CARTONERA, S.A.

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

                                        PRODUCTOS DEL LITORAL, S.A.

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

<PAGE>
                                        PROPOLISA, S.A.

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

                                        REDAMAWAL, S.A.

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

                                        REEFERSHIP MARINE SERVICES, LTD

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

                                        ROXANA FARMS, S.A.

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

                                        SERVICIOS ADUANALES BANADOLE

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

<PAGE>
                                        SERVICIOS E INVESTEGACIONES AEREAS, SA

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

                                        SERVICIOS HONDORENOS DE AGRICULTURA Y
                                             RECURSOS

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

                                        SERVICIOS TECHNICIOS PORTUARIOS S.A.

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

                                        SHANGHI DOLE YANHAI FOOD CO. LTD.

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

                                        SIEMBRANUEVA, S.A.

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

<PAGE>
                                        CI AGRICOLA EL CASTILLO LTDA.

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

                                        CI AGRICOLA GUACARI LTDA.

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

                                        ALTALANOS TECHNOLOGY, INC.

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

                                        AMERICAFLOR LTDA.

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

                                        ASPEN INTERNATIONAL, INC.

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

<PAGE>
                                        BLUEWATER INDUSTRIES LIMITED

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

                                        BOGOR CAPITAL LIMITED

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

                                        BROOK INVESTMENT LIMITED

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

                                        CARDANZ TECHNOLOGIES CORP.

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

                                        COLOMBIAN CARNATIONS LTDA.

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

<PAGE>
                                        COMERCIALIZADORA CARIBBEAN LTDA.

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

                                        CULTIVOS DEL CARIBE LTDA.

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

                                        CULTIVOS SAN NICOLAS LTDA.

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

                                        FLORAMERICA INVESTMENTS LTD.

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

                                        FLORAMERICA LTDA.

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

<PAGE>
                                        FLORES ALTAMIRA LTDA.

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

                                        FLORES DE EXPORTACION LTDA.

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

                                        FLORES LA FRAGANCIA LTDA.

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

                                        FLORES LAS PALMAS LTDA.

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

                                        FLORES LUCITANIA, S. DE R.L. DE C.V.

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

<PAGE>
                                        FLORES MITAD DEL MUNDO LTDA

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

                                        FLORES PRIMAVERA LTDA.

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

                                        INVERSIONES COMERTEX, S.A.

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

                                        JARDINES DE COLOMBIA LTDA.

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

                                        JARDINES DE VALLE LTDA.

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

<PAGE>
                                        JOROKO INTERTRADE LTD.

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

                                        LIVERPOOL INTERNATIONAL, S.A.

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

                                        MARSELLA INTERNATIONAL CORP.

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

                                        MILANO TRADING CORPORATION

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

                                        MONACO INVESTMENT CORP

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

<PAGE>
                                        NEWENT TRADING, INC.

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

                                        NOIR VENTURES CORP.

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

                                        NORWICK TECHNOLOGIES CORP.

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

                                        OLYMPIA FLOWERS LTDA.

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

                                        OPAL RESOURCES, LTD.

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

<PAGE>
                                        POLAR TRADING CORP.

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

                                        PORCELAIN FLOWERS LTDA.

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

                                        RIVERWOOD MANAGEMENT COMPANY INC.

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

                                        SANTA MONICA FLOWERS LTDA.

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

                                        SPLENDOR FLOWERS LTDA.

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

<PAGE>
                                        SOCIEDAD AGROPECUARINA PIMOCHA C.A.

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

                                        SOGAS, S.A.

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

                                        SOLAMERICA, LTD.

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

                                        SOLEIL HOLDING FRANCE S.A.

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

                                        STANDARD FRUIT CO. (BERMUDA)

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

<PAGE>
                                        STANDARD FRUIT COMPANY DE
                                             COSTA RICA S.A.

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

                                        STANDARD FRUIT DE GUATEMALA S.A.

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

                                        STANDARD FRUIT DE HONDURAS, S.A.

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

                                        STANDARD FRUIT, S.A. (ARGENTINA)

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

                                        TALLERES Y LLANTAS S.A.

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

<PAGE>
                                        TENICAS BALTIME DE COLOMBIA S.A.

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

                                        TECNICOS Y ELECTRICITAS S.A.

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

                                        THAI AMERICAN FOOD CO., LTD.

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

                                        TINADI, S.A.

                                        TRANSPORTES POR MAR S.A.

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

                                        TRANSTRADING OVERSEAS, LTD

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

<PAGE>
                                        TROPICAL NAVIGATION (MALTA) LIMITED

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

                                        TROPICAL SHIPPING ITALIANA, T.S.I.

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

                                        UBESAIR, S.A.

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

                                        UNION DE BANANEROS ECUATORIANOS, S.A.

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

                                        VERENIGDE BANANEN HANDLELAREB N.V.
                                        By
                                             -----------------------------------
                                             Name:
                                             Title:

<PAGE>
                                        VIGILANCIA Y SEGIRIDAD, S.A.

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

                                        VIUDA DE SABATE, S.A.

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

                                        ZANPOTI, S.A.

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

                                        CAMARILLO LIMITED

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

                                        MENDOCINO LIMITED

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

<PAGE>
                                        FLORES SAN JOAQUIN LTDA.

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

                                        ESTIBADORES DEL TROPICO

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

                                        INTEROCEAN FINANCIAL MANAGEMENT
                                             CORPORATION

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

                                        INVERSIONISTA FORTUNA S.A.

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

                                        INVERSIONISTA FORTUNA S.A.

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

<PAGE>
                                        INVERSIONISTA ZARATI, S.A.

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

                                        BENVUE INTERNATIONAL, INC.

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

                                        BLOCK INVESTMENTS, INC.

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

                                        DOLE AVIATION

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

                                        DOLE FRESH FRUIT INTERNATIONAL, INC.

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

<PAGE>
                                        OPERACIONES TROPICALES, S.A.

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

                                        PRELL CORPORATION

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

                                        SINGLE TREE CORPORATION

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

                                        COMERCIAL AGROFLOR S. DE R.L.

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

                                        DELTA TREE ENTERPRISES S. DE R.L.

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

<PAGE>
                                        FLOWER INTERNATIONAL, S. DE R.L.

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

                                        GALANA INTERNACIONAL, S. DE R.L.

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

                                        IMPORTADORA Y EXPORTADORA
                                             NOPAL, S. DE R.L.

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

                                        IMPORTADORA Y EXPORTADORA
                                             ROVEGO, S. DE R.L.

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

                                        INVERSIONES CROWN, S. DE R.L.

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

<PAGE>
                                        INVERSIONES FLORICOLA S. DE R.L.

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

                                        NICOLLE INTERNATIONAL, S. DE R.L.

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

                                        PEYTON FLOWERS, S. DE R.L.

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

                                        TRIPLEJAY INVESTMENT CORP, S.A.

                                        By
                                             -----------------------------------
                                             Name:
                                             Title:
<PAGE>
                                  DEUTSCHE BANK AG NEW YORK BRANCH,
                                       Individually, and as Administrative Agent

                                  By   /s/ Scottye Lindsey
                                       -----------------------------------------
                                       Name:    Scottye Lindsey
                                       Title:   Vice President

                                  By   /s/ Gregory Shefrin
                                       -----------------------------------------
                                       Name:    Gregory Shefrin
                                       Title:   Director

                                  THE BANK OF NOVA SCOTIA,
                                       Individually, as Co-Syndication Agent and
                                       as Joint Lead Arranger

                                  By   /s/ M. Van Otterloo
                                       -----------------------------------------
                                       Name:    M. Van Otterloo
                                       Title:   Managing Director

                                  BANC OF AMERICA SECURITIES LLC,
                                       Individually, as Co-Syndication Agent and
                                       as Joint Lead Arranger

                                  By   /s/ James Jeffries
                                       -----------------------------------------
                                       Name:    James Jeffries
                                       Title:   Principal

                                  FLEET NATIONAL BANK,
                                       Individually, and as Co-Documentation
                                       Agent

                                  By   /s/ Robert W. MacElhiney
                                       -----------------------------------------
                                       Name:    Robert W. MacElhiney
                                       Title:   Director

<PAGE>
                                  SOCIETE GENERALE,
                                       Individually, and as Co-Documentation
                                       Agent

                                  By   /s/ Wayne Hosang
                                       -----------------------------------------
                                       Name:    G. Wayne Hosang
                                       Title:   Vice President

                                  BANK OF AMERICA. N.A.

                                  By   /s/ William F. Sweeney
                                       -----------------------------------------
                                       Name:    William F. Sweeney
                                       Title:   Managing Director

                                  COBANK, ACB

                                  By   /s/ S. Richard Dill
                                       -----------------------------------------
                                       Name:    S. Richard Dill
                                       Title:   Vice President

                                  COOPERATIVE CENTRALE RAFFEISEN-BOERENLEENBANK
                                       B.A, "RABOBANK INTERNATIONAL", NEW YORK
                                       BRANCH

                                  By   /s/ Bradford F. Scott
                                       -----------------------------------------
                                       Name:    Bradford F. Scott
                                       Title:   Executive Director

                                  By   /s/ Ian Reece
                                       -----------------------------------------
                                       Name:    Ian Reece
                                       Title:   Managing Director

                                  HARRIS TRUST AND SAVINGS BANK

                                  By   /s/ Leili Ghazi
                                       -----------------------------------------
                                       Name:    Leili Ghazi
                                       Title:   Vice President

<PAGE>
                                  FORTIS CAPITAL CORP.

                                  By   /s/ John O'Connor
                                       -----------------------------------------
                                       Name:    John O'Connor
                                       Title:   Managing Director

                                  By   /s/ Stephen Suo
                                       -----------------------------------------
                                       Name:    Stephen Suo
                                       Title:   Assistant Vice President

                                  THE GOVERNOR AND COMPANY OF
                                       THE BANK OF IRELAND

                                  By   /s/ Tom Hayes
                                       -----------------------------------------
                                       Name:    Tom Hayes
                                       Title:   Head of Acquisition Finance

                                  BANK OF HAWAII

                                  By   /s/ John McKenna
                                       -----------------------------------------
                                       Name:    John McKenna
                                       Title:   Vice President

                                  UNITED OVERSEAS BANK LIMITED,
                                      NEW YORK AGENCY

                                  By   /s/ Kwong Yew Wong
                                       -----------------------------------------
                                       Name:    Kwong Yew Wong
                                       Title:   Agent & General Manager

                                  By   /s/ Philip Cheong
                                       -----------------------------------------
                                       Name:    Philip Cheong
                                       Title:   VP & Deputy General Manager

<PAGE>
                                  BANK HAPOALIM B.M

                                  By   /s/ Helen H. Gateson
                                       -----------------------------------------
                                       Name:    Helen H. Gateson
                                       Title:   Vice President

                                  By   /s/ Laura Anne Raffa
                                       -----------------------------------------
                                       Name:    Laura Anne Raffa
                                       Title:   Senior Vice President &
                                                Corporate Manager

                                  ERSTE BANK

                                  By   /s/ Paul Judicke
                                       -----------------------------------------
                                       Name:    Paul Judicke
                                       Title:   Vice President
                                                Erste Bank New York Branch

                                  By   /s/ Bryan J. Lynch
                                       -----------------------------------------
                                       Name:    Bryan J. Lynch
                                       Title:   First Vice President

                                  NATEXIS BANQUES POPULAIRES

                                  By   /s/ Anne Ulrich
                                       -----------------------------------------
                                       Name:    Anne Ulrich
                                       Title:   Vice President

                                  By   /s/ Pieter J. van Tulder
                                       -----------------------------------------
                                       Name:    Pieter J. van Tulder
                                       Title:   Vice President and Manager
                                                Multinational Group

<PAGE>
                                  FARM CREDIT WEST, PCA

                                  By   /s/ Mark D. Littlefield
                                       -----------------------------------------
                                       Name:    Mark D. Littlefield
                                       Title:   Senior Vice President

                                  GREENSTONE FARM CREDIT SERVICES, ACA/FLCA

                                  By   /s/ Alfred S. Compton, Jr.
                                       -----------------------------------------
                                       Name:    Alfred S. Compton, Jr.
                                       Title:   Vice President/Senior Lending
                                                Officer

                                  PINEHURST TRADING, INC.

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name: Ann E. Morris
                                       Title:  Assistant Vice President

                                  AGFIRST FARM CREDIT BANK

                                  By   /s/ John W. Burnside, Jr.
                                       -----------------------------------------
                                       Name:    John W. Burnside, Jr.
                                       Title:   Vice President

                                  LANDMARK CDO LTD

                                       By  Aladdin Asset Management LLC

                                  By   /s/ Thomas Eggenschwiler
                                       -----------------------------------------
                                       Name:    Thomas Eggenschwiler
                                       Title:   Vice President

<PAGE>
                                  LANDMARK II CDO LTD
                                       By  Aladdin Asset Management LLC

                                  By   /s/ Thomas Eggenschwiler
                                       -----------------------------------------
                                       Name:    Thomas Eggenschwiler
                                       Title:   Vice President

                                  NEW ALLIANCE GLOBAL CDO, LIMITED
                                       By:  Alliance Capital Management L,P.,
                                            as Sub-advisor

                                       By:  Alliance Capital Management
                                            Corporation, as General Partner

                                  By   /s/ Joel Serebransky
                                       -----------------------------------------
                                       Name:    Joel Serebransky
                                       Title:   Senior Vice President

                                  CENTURION CDO II, LTD.

                                       By:  American Express Asset Management
                                            Group Inc. as Collateral Manager

                                  By   /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:    Leanne Stavrakis
                                       Title:   Director - Operations

                                  CENTURION CDO VI, LTD.

                                       By:  American Express Asset Management
                                            Group Inc. as Collateral Manager

                                  By   /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:    Leanne Stavrakis
                                       Title:   Director - Operations

<PAGE>
                                  SEQUIIS - CENTURION V, LTD.

                                       By:  American Express Asset Management
                                            Group Inc. as Collateral Manager

                                  By   /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:    Leanne Stavrakis
                                       Title:   Director - Operations

                                  AMERICAN EXPRESS CERTIFICATE COMPANY
                                       By:  American Express Asset Management
                                            Group Inc. as Collateral Manager

                                  By   /s/ Yvonne E. Stevens
                                       -----------------------------------------
                                       Name:    Yvonne E. Stevens
                                       Title:   Senior Managing Director

                                  IDB LIFE INSURANCE COMPANY

                                       By:  American Express Asset Management
                                            Group Inc. as Collateral Manager

                                  By   /s/ Yvonne E. Stevens
                                       -----------------------------------------
                                       Name:    Yvonne E. Stevens
                                       Title:   Senior Managing Director

                                  KZH CYPRESSTREE-1 LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

                                  KZH ING-2 LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

<PAGE>
                                  KZH STERLING LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

                                  AMMC CDO I, LIMITED

                                       By:  American Money Management Corp.,
                                            as Collateral Manager

                                  By   /s/ David P. Meyer
                                       -----------------------------------------
                                       Name:    David P. Meyer
                                       Title:   Vice President

                                  AMMC CDO II, LIMITED

                                       By:  American Money Management Corp.,
                                            as Collateral Manager

                                  By   /s/ David P. Meyer
                                       -----------------------------------------
                                       Name:    David P. Meyer
                                       Title:   Vice President

                                  ANTARES CAPITAL CORPORATION

                                  By   /s/ David Mahon
                                       -----------------------------------------
                                       Name:    David Mahon
                                       Title:   Director

<PAGE>
                                  ARES V CLO LTD.
                                       By:  Ares CLO Management V, L.P.
                                            Investment Manager
                                       By:  Ares CLO GP V, LLC
                                            Its Managing Member

                                  By   /s/ Seth B. Brufsky
                                       -----------------------------------------
                                       Name:    Seth B. Brufsky
                                       Title:   Vice President

                                  ARES VII CLO LTD.
                                       By:  Ares CLO Management VII, L.P.
                                            Investment Manager
                                       By:  Ares CLO GP VII, LLC
                                            Its General Partner

                                  By   /s/ Seth B. Brufsky
                                       -----------------------------------------
                                       Name:    Seth B. Brufsky
                                       Title:   Vice President

                                  VENTURE CDO 2002, LIMITED
                                       By its investment advisor, Barclays
                                       Capital Asset Management Limited,

                                       By its sub-advisor, Barclays Bank PLC,
                                       New York Branch

                                  By   /s/ Martin F. Davey
                                       -----------------------------------------
                                       Name:    Martin F. Davey
                                       Title:   Director

                                  VENTURE II CDO 2002, LIMITED
                                       By its investment advisor, Barclays
                                       Bank PLC, New York Branch

                                  By   /s/ Martin F. Davey
                                       -----------------------------------------
                                       Name:    Martin F. Davey
                                       Title:   Director

<PAGE>
                                  BAVARIA TRR CORPORATION

                                  By   /s/ Lori Gebron
                                       -----------------------------------------
                                       Name:    Lori Gebron
                                       Title:   Vice President

                                  BAYERISCHE HYPO- UND VEREINSBANK AG,
                                       NEW YORK BRANCH

                                  By   /s/ David E. Kells
                                       -----------------------------------------
                                       Name:    David E. Kells
                                       Title:   Director

                                  By   /s/ Martha G. Martinez
                                       -----------------------------------------
                                       Name:    Martha G. Martinez
                                       Title:   Associate Director

                                  BANK OF MONTREAL

                                  By   /s/ Sadhana Valia
                                       -----------------------------------------
                                       Name:    Sadhana Valia
                                       Title:   Managing Director

                                  BLACK DIAMOND CLO 1998-1, LTD.

                                  By   /s/ Alan Corkish
                                       -----------------------------------------
                                       Name:    Alan Corkish
                                       Title:   Director

                                  BLACK DIAMOND CLO 2000-1, LTD.

                                  By   /s/ Alan Corkish
                                       -----------------------------------------
                                       Name:    Alan Corkish
                                       Title:   Director

<PAGE>
                                  MAGNETITE ASSET INVESTORS, LLC
                                  MAGNETITE ASSET INVESTORS III, LLC
                                  MAGNETITE IV CLO, LIMITED
                                  MAGNETITE V CLO, LIMITED
                                  BLACKROCK SENIOR LOAN TRUST
                                  SENIOR LOAN FUND
                                  TITANIUM CBO I, LIMITED

                                  By   /s/ M. Williams
                                       -----------------------------------------
                                       Name:    M. Williams
                                       Title:   Managing Director

                                  CARLYLE HIGH YIELD PARTNERS, L.P.

                                  By   /s/ Linda Pace
                                       -----------------------------------------
                                       Name:    Linda Pace
                                       Title:   Principal

                                  CARLYLE HIGH YIELD PARTNERS II, LTD.

                                  By   /s/ Linda Pace
                                       -----------------------------------------
                                       Name:    Linda Pace
                                       Title:   Principal

                                  CARLYLE HIGH YIELD PARTNERS III, LTD.

                                  By   /s/ Linda Pace
                                       -----------------------------------------
                                       Name:    Linda Pace
                                       Title:   Principal

                                  CARLYLE HIGH YIELD PARTNERS IV, LTD.

                                  By   /s/ Linda Pace
                                       -----------------------------------------
                                       Name:    Linda Pace
                                       Title:   Principal

<PAGE>
                                  STANWICH LOAN FUNDING LLC

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Assistant Vice President

                                  TRUMBULL THC, LTD.

                                  By   /s/ Stacey Malek
                                       -----------------------------------------
                                       Name:    Stacey Malek
                                       Title:   Attorney In Fact

                                  CITADEL HILL 2000 LTD.

                                  By   /s/ Nicholas Karristos
                                       -----------------------------------------
                                       Name:   Nicholas A. Karristos
                                       Title:  Authorized Signatory

                                  CITIGROUP FINANCIAL PRODUCTS INC.,
                                       as Assignee

                                  By   /s/ Shawn Bernet
                                       -----------------------------------------
                                       Name:    Shawn Bernet
                                       Title:   Assistant Vice President

                                  WINGED FOOT FUNDING TRUST

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Authorized Agent

<PAGE>
                                  JUPITER LOAN FUNDING LLC

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Assistant Vice President

                                  CONTINENTAL ASSURANCE COMPANY ON BEHALF OF
                                       ITS SEPARATE ACCOUNT (E)

                                  By   /s/ Marilou R. McGirr
                                       -----------------------------------------
                                       Name:    Marilou R. McGirr
                                       Title:   Vice President

                                  CONTINENTAL CASUALTY COMPANY

                                  By   /s/ Marilou R. McGirr
                                       -----------------------------------------
                                       Name:    Marilou R. McGirr
                                       Title:   Vice President

                                  COOKSMILL

                                  By   /s/ John R.M. Campbell
                                       -----------------------------------------
                                       Name:    John R.M. Campbell
                                       Title:   Authorized Signatory

                                  ATRIUM CDO

                                  By   /s/ John G. Popp
                                       -----------------------------------------
                                       Name:    John G. Popp
                                       Title:   Authorized Signatory

<PAGE>
                                  CSAM FUNDING I

                                  By   /s/ John G. Popp
                                       -----------------------------------------
                                       Name:    John G. Popp
                                       Title:   Authorized Signatory

                                  CSAM FUNDING II

                                  By   /s/ John G. Popp
                                       -----------------------------------------
                                       Name:    John G. Popp
                                       Title:   Authorized Signatory

                                  CSAM FUNDING III

                                  By   /s/ John G. Popp
                                       -----------------------------------------
                                       Name:    John G. Popp
                                       Title:   Authorized Signatory

                                  HEWETT'S ISLAND CDO, LTD

                                  By  /s/ Peter M. Campo
                                      ------------------------------------------
                                       Name:    Peter M. Campo, CFA
                                       Title:   Principal

                                  EAST WEST BANK

                                  By   /s/ Nancy A. Moore
                                       -----------------------------------------
                                       Name:    Nancy A. Moore
                                       Title:   Senior Vice President

<PAGE>
                                  FIRST DOMINION FUNDING I

                                  By   /s/ John G. Popp
                                       -----------------------------------------
                                       Name:    John G. Popp
                                       Title:   Authorized Signatory

                                  FIRST DOMINION FUNDING II

                                  By   /s/ John G. Popp
                                       -----------------------------------------
                                       Name:    John G. Popp
                                       Title:   Authorized Signatory

                                  FLAGSHIP CLO II
                                       By:  Flagship Capital Management, Inc.

                                  By   /s/ Eric S. Meyer
                                       -----------------------------------------
                                       Name:    Eric S. Meyer
                                       Title:   Director

                                  FLAGSHIP CLO 2000 - 1
                                       By:  Flagship Capital Management, Inc.

                                  By   /s/ Eric S. Meyer
                                       -----------------------------------------
                                       Name:    Eric S. Meyer
                                       Title:   Director

                                  SEMINOLE FUNDING LLC

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Assistant Vice President

<PAGE>
                                  FRANKLIN FLOATING RATE TRUST

                                  By   /s/ Richard D'Addario
                                       -----------------------------------------
                                       Name:    Richard D'Addario
                                       Title:   Senior Vice President

                                  FRANKLIN FLOATING RATE MASTER SERIES

                                  By   /s/ Richard D'Addario
                                       -----------------------------------------
                                       Name:    Richard D'Addario
                                       Title:   Senior Vice President

                                  FRANKLIN FLOATING RATE DAILY

                                       ACCESS FUND

                                  By   /s/ Richard D'Addario
                                       -----------------------------------------
                                       Name:    Richard D'Addario
                                       Title:   Senior Vice President

                                  FRANKLIN CLO II, LIMITED

                                  By   /s/ Richard D'Addario
                                       -----------------------------------------
                                       Name:    Richard D'Addario
                                       Title:   Vice President

                                  FRANKLIN CLO III, LIMITED

                                  By   /s/ Richard D'Addario
                                       -----------------------------------------
                                       Name:    Richard D'Addario
                                       Title:   Vice President

<PAGE>
                                  FRANKLIN CLO IV, LIMITED

                                  By   /s/ Richard D'Addario
                                       -----------------------------------------
                                       Name:    Richard D'Addario
                                       Title:   Vice President

                                  GENERAL ELECTRIC CAPITAL CORPORATION

                                  By   /s/ W. Jerome McDermott
                                       -----------------------------------------
                                       Name:    W. Jerome McDermott
                                       Title:   Duly Authorized Signatory

                                  GOLDENTREE LOAN OPPORTUNITIES I, LP
                                       By:  GoldenTree Asset Management, LP

                                  By   /s/ Frederick S. Haddad
                                       -----------------------------------------
                                       Name:    Frederick S. Haddad

                                  GOLDENTREE LOAN OPPORTUNITIES II, LP
                                       By:  GoldenTree Asset Management, LP

                                  By   /s/ Frederick S. Haddad
                                       -----------------------------------------
                                       Name:    Frederick S. Haddad

                                  GSCP GEMINI FUND LIMITED
                                       By:  GSCP (NJ), L.P., as Collateral
                                            Manager
                                       By:  GSCP (NJ), INC., its General Partner

                                  By   /s/ Tom Inglesby
                                       -----------------------------------------
                                       Name: Tom Inglesby
                                       Title:  Managing Director
<PAGE>
                                  GULF STREAM - COMPASS CLO 2002-I, LTD
                                       By Gulf Stream Asset Management LLC

                                  By   /s/ Barry K. Love
                                       -----------------------------------------
                                       Name:    Barry K. Love
                                       Title:   Chief Credit Officer

                                  HAMILTON FLOATING RATE FUND, LLC

                                  By   /s/ Dean Stephan
                                       -----------------------------------------
                                       Name:    Dean Stephan
                                       Title:   Managing Director

                                  IKB CAPITAL CORPORATION

                                  By   /s/ Wolfgang Boeker
                                       -----------------------------------------
                                       Name:    Wolfgang Boeker
                                       Title:   Senior Vice President

                                  INDOSUEZ CAPITAL FUNDING VI, LIMITED
                                       By:  Indosuez Capital as Collateral
                                            Manager

                                  By  /s/ Charles Kobayashi
                                      ------------------------------------------
                                       Name:    Charles Kobayashi
                                       Title:   Principal and Portfolio Manager

                                  RIVIERA FUNDING LLC

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Assistant Vice President

<PAGE>
                                  ENDURANCE CLO I, LTD.
                                       c/o ING Capital Advisors LLC,
                                           as Collateral Manager

                                  By   /s/ Cheryl A. Wasilewski
                                       -----------------------------------------
                                       Name:    Cheryl Wasilewski
                                       Title:   Vice President

                                  ARCHIMEDES FUNDING IV (CAYMAN), LTD.
                                       By:  ING Capital Advisors LLC,
                                            as Collateral Manager

                                  By   /s/ Cheryl A. Wasilewski
                                       -----------------------------------------
                                       Name:    Cheryl Wasilewski
                                       Title:   Vice President

                                  NEMEAN CLO, LTD.
                                       By:  ING Capital Advisors LLC,
                                           as Collateral Manager

                                  By   /s/ Cheryl A. Wasilewski
                                       -----------------------------------------
                                       Name:    Cheryl Wasilewski
                                       Title:   Vice President

                                  BALANCED HIGH-YIELD FUND II, LTD.
                                       By:  ING Capital Advisors LLC,
                                           as Collateral Manager

                                  By   /s/ Cheryl A. Wasilewski
                                       -----------------------------------------
                                       Name:    Cheryl Wasilewski
                                       Title:   Vice President

                                  SEQUILS-ING I (HBDGM), LTD.
                                       By:  ING Capital Advisors LLC,
                                           as Collateral Manager

                                  By   /s/ Cheryl A. Wasilewski
                                       -----------------------------------------
                                       Name:    Cheryl Wasilewski
                                       Title:   Vice President

<PAGE>
                                  ORYX CLO, LTD.
                                       By:  ING Capital Advisors LLC,
                                            as Collateral Manager

                                  By   /s/ Cheryl Wasilewski
                                       -----------------------------------------
                                       Name:    Cheryl Wasilewski
                                       Title:   Vice President

                                  AERIES FINANCE-II LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Sub-Managing Agent

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  AMARA-I FINANCE, LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Financial Manager

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  AMARA 2 FINANCE, LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Financial Manager

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

<PAGE>
                                  AVALON CAPITAL LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Portfolio Advisor

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  AVALON CAPITAL LTD. 2
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Portfolio Advisor

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  OASIS COLLATERALIZED HIGH INCOME
                                       PORTFOLIOS-1, LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Subadvisor

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  CHARTER VIEW PORTFOLIO
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Investment Advisor

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

<PAGE>
                                  DIVERSIFIED CREDIT PORTFOLIO LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Investment Advisor

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  AIM FLOATING RATE FUND
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Attorney in fact

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  INVESCO CBO 2000-1 LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Portfolio Advisor

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  INVESCO EUROPEAN CDO I S.A.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Collateral Manager

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

<PAGE>
                                  SEQUILS-LIBERTY, LTD.
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Collateral Manager

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  SARATOGA CLO I, LIMITED
                                       By:  INVESCO Senior Secured Management,
                                            Inc. as Asset Manager

                                  By   /s/ Anne M. McCarthy
                                       -----------------------------------------
                                       Name:    Anne M. McCarthy
                                       Title:   Authorized Signatory

                                  JACKSON NATIONAL LIFE INSURANCE COMPANY
                                       By:  PPM America, Inc., as
                                            Attorney-in-fact

                                  By   /s/ David C. Wagner
                                       -----------------------------------------
                                       Name:    David C. Wagner
                                       Title:   Managing Director

                                  WHITNEY PRIVATE DEBT FUND, L.P.

                                  By   /s/ Kevin J. Corley
                                       -----------------------------------------
                                       Name:    Kevin J. Corley
                                       Title:   Authorized Signatory

<PAGE>
                                  LONGHORN CDO III, LTD
                                       By:  Merrill Lynch Investment Managers,
                                            L.P., As Investment Advisor

                                  By   /s/ Matt Wallack
                                       -----------------------------------------
                                       Name:    Matt Wallack
                                       Title:   Authorized Signatory

                                  MERRILL LYNCH CAPITAL,
                                       a subsidiary of
                                       Merrill Lynch Business Financial
                                       Services, Inc.

                                  By   /s/ Sheila C. Weimer
                                       -----------------------------------------
                                       Name:    Sheila C. Weimer
                                       Title:   Vice President

                                  MORGAN STANLEY PRIME INCOME TRUST

                                  By   /s/ Sheila A. Finnerty
                                       -----------------------------------------
                                       Name:    Sheila A. Finnerty
                                       Title:   Executive Director

                                  MORGAN STANLEY SENIOR FUNDING, INC.

                                  By   /s/ James Morgan
                                       -----------------------------------------
                                       Name:    James Morgan
                                       Title:   Vice President

                                  NATIONWIDE MUTUAL INSURANCE COMPANY

                                  By   /s/ Thomas S. Leggett
                                       -----------------------------------------
                                       Name:    Thomas S. Leggett
                                       Title:   Associate Vice President -
                                                Public Bonds

<PAGE>
                                  ELF FUNDING TRUST III
                                       By:  New York Life Investment Management
                                            LLC, as attorney-in-fact

                                  By   /s/ Robert H. Dial
                                       -----------------------------------------
                                       Name:    Robert H. Dial
                                       Title:   Director

                                  NEW YORK LIFE INSURANCE AND ANNUITY
                                       CORPORATION
                                       By:  New York Life Investment Management
                                            LLC, its Investment Manager

                                  By   /s/ Robert H. Dial
                                       -----------------------------------------
                                       Name:    Robert H. Dial
                                       Title:   Director

                                  CLYDESDALE CLO 2003-1, LTD.
                                       By:  Nomura Corporate Research and Asset
                                            Management Inc., as Investment
                                            Adviser

                                  By   /s/ Elizabeth MacLean
                                       -----------------------------------------
                                       Name:    Elizabeth MacLean
                                       Title:   Director

                                  CLYDESDALE CLO 2001-1, LTD.
                                       By:  Nomura Corporate Research and Asset
                                            Management Inc., as Collateral
                                            Manager

                                  By   /s/ Elizabeth MacLean
                                       -----------------------------------------
                                       Name:    Elizabeth MacLean
                                       Title:   Director

                                  NOMURA BOND AND LOAN FUND
                                       By:  UFJ Trust Company of New York as
                                            Trustee

<PAGE>
                                       By:  Nomura Corporate Research and Asset
                                            Management Inc., Attorney In Fact

                                  By   /s/ Elizabeth MacLean
                                       -----------------------------------------
                                       Name:    Elizabeth MacLean
                                       Title:   Director

                                  OAK HILL SECURITIES FUND, L.P.
                                       By:  Oak Hill Securities GenPar, L.P.
                                            Its General Partner

                                       By:  Oak Hill Securities MGP, Inc.,
                                            Its General Partner

                                  By   /s/ Scott D. Krase
                                       -----------------------------------------
                                       Name:    Scott D. Krase
                                       Title:   Authorized Signatory

                                  OAK HILL SECURITIES FUND II, L.P.
                                       By:  Oak Hill Securities GenPar II, L.P.
                                            Its General Partner

                                       By:  Oak Hill Securities MGP II, Inc.,
                                            Its General Partner

                                  By   /s/ Scott D. Krase
                                       -----------------------------------------
                                       Name:    Scott D. Krase
                                       Title:   Authorized Signatory

                                  OAK HILL CREDIT PARTNERS I, LIMITED
                                       By:  Oak Hill CLO Management I, LLC
                                            as Investment Manager

                                  By   /s/ Scott D. Krase
                                       -----------------------------------------
                                       Name:    Scott D. Krase
                                       Title:   Authorized Signatory

<PAGE>
                                  OAK HILL CREDIT PARTNERS II, LIMITED
                                       By:  Oak Hill CLO Management II, LLC
                                            as Investment Manager

                                  By   /s/ Scott D. Krase
                                       -----------------------------------------
                                       Name:    Scott D. Krase
                                       Title:   Authorized Signatory

                                  OCTAGON INVESTMENT PARTNERS II, LLC
                                       By:  Octagon Credit Investors, LLC
                                           as sub-investment manager

                                  By   /s/ Andrew D. Gordon
                                       -----------------------------------------
                                       Name:    Andrew D. Gordon
                                       Title:   Portfolio Manager

                                  OCTAGON INVESTMENT PARTNERS III, LTD.
                                       By:  Octagon Credit Investors, LLC
                                           as Portfolio Manager

                                  By   /s/ Andrew D. Gordon
                                       -----------------------------------------
                                       Name:    Andrew D. Gordon
                                       Title:   Portfolio Manager

                                  OCTAGON INVESTMENT PARTNERS IV, LTD.
                                       By:  Octagon Credit Investors, LLC
                                           as collateral manager

                                  By   /s/ Andrew D. Gordon
                                       -----------------------------------------
                                       Name:    Andrew D. Gordon
                                       Title:   Portfolio Manager

<PAGE>
                                  OCTAGON INVESTMENT PARTNERS V, LTD.
                                       By:  Octagon Credit Investors, LLC
                                            as Portfolio Manager

                                  By   /s/ Andrew D. Gordon
                                       -----------------------------------------
                                       Name:    Andrew D. Gordon
                                       Title:   Portfolio Manager

                                  HARBOURVIEW CLO IV, LTD.,

                                  By   /s/ Bill Campbell
                                       -----------------------------------------
                                       Name:    Bill Campbell
                                       Title:   Manager

                                  HARBOURVIEW CLO V, LTD.,

                                  By   /s/ Bill Campbell
                                       -----------------------------------------
                                       Name:    Bill Campbell
                                       Title:   Manager

                                  OPPENHEIMER SENIOR FLOATING RATE FUND,

                                  By   /s/ Bill Campbell
                                       -----------------------------------------
                                       Name:    Bill Campbell
                                       Title:   Manager

                                  ORIX FINANCE CORP. I

                                  By  /s/  Sheppard H.C. Davis, Jr.
                                      ------------------------------------------
                                       Name:    Sheppard H.C. Davis, Jr.
                                       Title:   Authorized Representative

<PAGE>
                                  PPM SHADOW CREEK FUNDING LLC

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Assistant Vice President

                                  PPM SPYGLASS FUNDING TRUST

                                  By   /s/ Ann E. Morris
                                       -----------------------------------------
                                       Name:    Ann E. Morris
                                       Title:   Authorized Agent

                                  PRINCIPAL LIFE INSURANCE COMPANY
                                       By:  Principal Global Investors, LLC
                                           a Delaware limited liability company,
                                           its authorized signatory

                                  By   /s/ Jon C. Heiny
                                       -----------------------------------------
                                       Name:    Jon C. Heiny, Counsel

                                  By   /s/ James C. Fifield
                                       -----------------------------------------
                                       Name:    James C. Fifield, Counsel

                                  PROMETHEUS INVESTMENT FUNDING NO. 1 LTD.
                                       By:  HVB Credit Advisors LLC

                                  By   /s/ Charles P. Strause
                                       -----------------------------------------
                                       Name:    Charles P. Strause
                                       Title:   Associate Director

                                  By   /s/ Thomas R. Mowatt
                                       -----------------------------------------
                                       Name:    Thomas Mowatt
                                       Title:   Director

<PAGE>
                                  PROMETHEUS INVESTMENT FUNDING NO. 2 LTD.
                                       By:  HVB Credit Advisors LLC

                                  By   /s/ Charles P. Strause
                                       -----------------------------------------
                                       Name:    Charles P. Strause
                                       Title:   Associate Director

                                  By   /s/ Thomas R. Mowatt
                                       -----------------------------------------
                                       Name:    Thomas Mowatt
                                       Title:   Director

                                  DRYDEN III LEVERAGED LOAN CDO 2002
                                       By:  Prudential Investment Management,
                                            Inc., As Collateral Manager

                                  By   /s/ Jill Baum
                                       -----------------------------------------
                                       Name:    Jill Baum
                                       Title:   Vice President

                                  THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
                                       By:  Prudential Investment Management,
                                            Inc., As Investment Advisor

                                  By   /s/ Jill Baum
                                       -----------------------------------------
                                       Name:    Jill Baum
                                       Title:   Vice President

                                  PUTNAM HIGH YIELD TRUST

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

<PAGE>
                                  PUTNAM HIGH YIELD ADVANTAGE FUND

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

                                  PUTNAM MASTER INCOME TRUST

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

                                  PUTNAM MASTER INTERMEDIATE INCOME TRUST

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

                                   PUTNAM PREMIER INCOME TRUST

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

                                  PUTNAM VARIABLE TRUST - PVT HIGH YIELD FUND

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

<PAGE>
                                  PUTNAM DIVERSIFIED INCOME TRUST

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

                                  PUTNAM VARIABLE TRUST - PVT DIVERSIFIED
                                       INCOME FUND

                                  By   /s/ Beth Mazor
                                       -----------------------------------------
                                       By:      Beth Mazor
                                       Title:   Vice President

                                  SEQUILS-GLACE BAY, LTD.
                                       By:  Royal Bank of Canada
                                            as Collateral Manager

                                  By   /s/ Melissa Marano
                                       -----------------------------------------
                                       Name:    Melissa Marano
                                       Title:   Partner

                                  GALAXY CLO 2003-1 LTD.
                                       By:  CIBC Inc., as Agent

                                  By   /s/ John Livingston
                                       -----------------------------------------
                                       Name:    John Livingston
                                       Title:   Authorized Signatory

                                  KZH RIVERSIDE LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

<PAGE>
                                  KZH SOLEIL LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

                                  KZH SOLEIL-2 LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

                                  KZH WATERSIDE LLC

                                  By   /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:    Dorian Herrera
                                       Title:   Authorized Agent

                                  SEABOARD CLO 2000 LTD.
                                       By:  ORIX Capital Markets, LLC
                                           Its Collateral Manager

                                  By   /s/ Sheppard H.C. Davis, Jr.
                                       -----------------------------------------
                                       Name:    Sheppard H.C. Davis, Jr.
                                       Title:   Managing Director

                                  SENECA CBO III, LIMITED
                                       By:  Seneca Capital Management LLC
                                            as Portfolio Manager for Seneca CBO
                                            III, Limited

                                  By   /s/ Warren H. Goodrich
                                       -----------------------------------------
                                       Name:    Warren H. Goodrich
                                       Title:   Authorized Officer/Analyst

<PAGE>
                                  SENECA CBO IV, LIMITED
                                       By:  Seneca Capital Management LLC
                                            as Portfolio Manager for Seneca
                                            CBO IV, Limited

                                  By   /s/ Warren H. Goodrich
                                       -----------------------------------------
                                       Name:    Warren H. Goodrich
                                       Title:   Authorized Officer/Analyst

                                  SUNAMERICA LIFE INSURANCE COMPANY

                                  By   /s/ Julie Bothamley
                                       -----------------------------------------
                                       Name:    Julie Bothamley
                                       Title:   Vice President

                                  GALAXY CLO 1999-1, LTD.

                                  By   /s/ Julie Bothamley
                                       -----------------------------------------
                                       Name:    Julie Bothamley
                                       Title:   Vice President

                                  STANFIELD ARBITRAGE CDO, LTD.
                                       By:  Stanfield Capital Partners LLC
                                            As its Collateral Manager

                                  By   /s/ Christopher A. Bondy
                                       -----------------------------------------
                                       Name:    Christopher A. Bondy
                                       Title:   Partner

                                  WINDSOR LAON FUNDING, LIMITED
                                       By:  Stanfield Capital Partners LLC
                                            As its Investment Manager

                                  By   /s/ Christopher A. Bondy
                                       -----------------------------------------
                                       Name:    Christopher A. Bondy
                                       Title:   Partner

<PAGE>
                                  STANFIELD QUATTRO CDO, LTD.
                                       By:  Stanfield Capital Partners LLC
                                            As its Collateral Manager

                                  By   /s/ Christopher A. Bondy
                                       -----------------------------------------
                                       Name:    Christopher A. Bondy
                                       Title:   Partner

                                  HAMILTON CDO, LTD.
                                       By:  Stanfield Capital Partners LLC
                                            As its Collateral Manager

                                  By   /s/ Christopher A. Bondy
                                       -----------------------------------------
                                       Name:    Christopher A. Bondy
                                       Title:   Partner

                                  STANFIELD CARRERA CDO, LTD.
                                       By:  Stanfield Capital Partners LLC
                                            As its Collateral Manager

                                  By   /s/ Christopher A. Bondy
                                       -----------------------------------------
                                       Name:    Christopher A. Bondy
                                       Title:   Partner

                                  SUNAMERICA SENIOR FLOATING RATE FUND INC.
                                       By:  Stanfield Capital Partners LLC
                                            As subadvisor

                                  By   /s/ Christopher A. Bondy
                                       -----------------------------------------
                                       Name:    Christopher A. Bondy
                                       Title:   Partner

<PAGE>
                                  TORONTO DOMINION (NEW YORK), INC.

                                  By   /s/ Stacey Malek
                                       -----------------------------------------
                                       Name:    Stacey Malek
                                       Title:   Vice President

                                  TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

                                  By   /s/ John Bailey
                                       -----------------------------------------
                                       Name:    John Bailey
                                       Title:   Vice President

                                  VAN KAMPEN SENIOR INCOME TRUST
                                       By:  Van Kampen Investment Advisory Corp.

                                  By   /s/ Brad Langs
                                       -----------------------------------------
                                       Name:    Brad Langs
                                       Title:   Executive Director

                                  VAN KAMPEN CLO II, LIMITED
                                       By:  Van Kampen Investment Advisory Corp.
                                           As Collateral Manager

                                  By   /s/ Brad Langs
                                       -----------------------------------------
                                       Name:    Brad Langs
                                       Title:   Executive Director

                                  VAN KAMPEN PRIME RATE INCOME TRUST
                                       By:  Van Kampen Investment Advisory Corp.

                                  By   /s/ Brad Langs
                                       -----------------------------------------
                                       Name:    Brad Langs
                                       Title:   Executive Director

<PAGE>
                                  VAN KAMPEN SENIOR FLOATING RATE FUND
                                       By:  Van Kampen Investment Advisory Corp.

                                  By   /s/ Brad Langs
                                       -----------------------------------------
                                       Name:    Brad Langs
                                       Title:   Executive Director

                                  WACHOVIA BANK, N.A.

                                  By   /s/ Stephen R. Kramer
                                       -----------------------------------------
                                       Name:    Stephen R. Kramer
                                       Title:   Assistant Vice President
<PAGE>

                                                                     Exhibit A-1

                           FORM OF NOTICE OF BORROWING

Deutsche Bank AG New York Branch, as Administrative Agent
  (the "Administrative Agent") for the Lenders
  party to the Credit Agreement referred to below
31 West 52nd Street
New York, New York  10019
Attention:  Helaine Griffin-Williams

Ladies and Gentlemen:

                  The undersigned, [Dole Food Company, Inc.](1) [Solvest,
Ltd.](2) (the "Borrower"), refers to the Credit Agreement, dated as of March 28,
2003 (as amended, restated, modified and/or supplemented from time to time, the
"Credit Agreement", the terms defined therein being used herein as therein
defined), among DHM Holding Company, Inc. ("Holdings"), the Borrower, [Dole Food
Company, Inc.] [Solvest, Ltd.], the lenders from time to time party thereto, The
Bank of Nova Scotia and Banc of America Securities LLC, as Co-Syndication
Agents, Fleet National Bank and Societe Generale, as Co-Documentation Agents,
Deutsche Bank Securities Inc., The Bank of Nova Scotia and Banc of America
Securities LLC, as Joint Lead Arrangers and Book Runners, and you, as
Administrative Agent, and hereby gives you notice, irrevocably, pursuant to
Section 1.03(a) of the Credit Agreement, that the undersigned hereby requests a
Borrowing under the Credit Agreement, and in that connection sets forth below
the information relating to such Borrowing (the "Proposed Borrowing") as
required by Section 1.03(a) of the Credit Agreement:

                  (i) The Business Day of the Proposed Borrowing is [______ __,
         _____].

                  (ii) The Proposed Borrowing shall consist of [Tranche A Term
         Loans] [Tranche B Term Loans] [U.S. Borrower Multicurrency Facility
         Revolving Loans] [Bermuda Borrower Multicurrency Facility Revolving
         Loans] [U.S. Borrower Dollar Facility Revolving Loans] [Bermuda
         Borrower Dollar Facility Revolving Loans] [U.S. Borrower

(1)      To be included for a Proposed Borrowing of Tranche A Term Loans, U.S.
         Borrower Multicurrency Facility Revolving Loans, U.S. Borrower
         Multicurrency Facility Swingline Loans, U.S. Borrower Dollar Facility
         Revolving Loans or U.S. Borrower Dollar Facility Swingline Loans.

(2)      To be included for a Proposed Borrowing of Tranche B Term Loans,
         Bermuda Borrower Multicurrency Facility Revolving Loans, Bermuda
         Borrower Multicurrency Facility Swingline Loans, Bermuda Borrower
         Dollar Facility Revolving Loans or Bermuda Borrower Dollar Facility
         Swingline Loans.

<PAGE>
                                                                     Exhibit A-1
                                                                          Page 2

         Multicurrency Facility Swingline Loans] [Bermuda Borrower Multicurrency
         Facility Swingline Loans] [U.S. Borrower Dollar Facility Swingline
         Loans] [Bermuda Borrower Dollar Facility Swingline Loans].

                  (iii) The aggregate principal amount of the Proposed Borrowing
         is [__________].(3)

                  (iv) The Loans to be made pursuant to the Proposed Borrowing
         shall be initially maintained as [Base Rate Loans] [Eurodollar Loans]
         [Euro Denominated Revolving Loans] [Euro Denominated Swingline
         Loans].(4)

                  [(v) The initial Interest Period for the Proposed Borrowing is
         [one week] [one month] [two months] [three months] [six months] [,
         subject to availability to all Lender which are required to make Loans
         of the respective Tranche, [[nine] [twelve] months], and if such
         Interest Period is unavailable [specify alternate desired]].](5)

                  (vi) The location and number of the Borrower's account to
         which funds are to be disbursed is:

(3)      Stated in the relevant Available Currency.

(4)      To be included for each Proposed Borrowing; provided that (i) Euro
         Denominated Revolving Loans may only be selected for Proposed
         Borrowings of Multicurrency Facility Revolving Loans, (ii) Euro
         Denominated Swingline Loans may only be selected for Proposed
         Borrowings of Multicurrency Facility Swingline Loans, and (iii) each
         Proposed Borrowing of U.S. Borrower Dollar Facility Swingline Loans and
         Bermuda Borrower Dollar Facility Swingline Loans may only be maintained
         Base Rate Loans.

(5)      To be included for a Proposed Borrowing of Euro Rate Loans (other than
         Euro Denominated Swingline Loans). Unless the Syndication Date has
         theretofore occurred, (i) prior to the 90th day after the Initial
         Borrowing Date (or, if later, the last day of the third month following
         the initial Borrowing of such Euro Rate Loans), Term Loans and
         Revolving Loans to be maintained as Eurodollar Loans may be incurred no
         earlier than the third Business Day, and no later than the fifth
         Business Day, after the Initial Borrowing Date and on each one month
         anniversary of the initial date of Borrowing of such Eurodollar Loans
         and (ii) prior to the 90th day after the Initial Borrowing Date, an
         Interest Period of one-week must be selected for a Proposed Borrowing
         of Euro Denominated Revolving Loans. An Interest Period of one-week may
         only be selected in the case of a Borrowing of Multicurrency Facility
         Revolving Loans denominated in Euros. Interest Periods of nine and
         twelve months may only be selected in the case of a Borrowing of
         Eurodollar Loans and if such Interest Period is available to all the
         Lenders.

<PAGE>

                                                                     Exhibit A-1
                                                                          Page 3

                         Bank Name:[     ]
                         ABA#:[     ]
                         A/C Name: [     ]
                         A/C#: [    ]

         The undersigned hereby certify(ies) that the following statements are
true on the date hereof, and will be true on the date of the Proposed Borrowing:

                  (A) the representations and warranties contained in the Credit
         Agreement or the other Credit Documents are and will be true and
         correct in all material respects, before and after giving effect to the
         Proposed Borrowing and to the application of the proceeds thereof, as
         though made on such date, unless stated to relate to a specific earlier
         date, in which case such representations and warranties shall be true
         and correct in all material respects as of such earlier date; and

                  (B) no Default or Event of Default has occurred and is
         continuing, or would result from such Proposed Borrowing or from the
         application of the proceeds thereof, in each case immediately after
         giving effect thereto.

                                                 Very truly yours,

                                                 [DOLE FOOD COMPANY, INC.]

                                                 [SOLVEST, LTD.]

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

<PAGE>

                                                                     EXHIBIT A-2
                        NOTICE OF CONVERSION/CONTINUATION

                                                                          [Date]

Deutsche Bank AG New York Branch, as Administrative Agent for the Lenders party
    to the Credit Agreement referred to below
31 West 52nd Street
New York, New York 10019

Attention: Helaine Griffin-Williams

Ladies and Gentlemen:

                  The undersigned, [Dole Food Company, Inc.] [Solvest, Ltd.]
(the "Borrower"), refers to the Credit Agreement, dated as of March 28, 2003 (as
amended, modified, restated and/or supplemented from time to time, the "Credit
Agreement," the terms defined therein being used herein as therein defined),
among DHM Holding Company, Inc., Dole Food Company, Inc., Solvest, Ltd., the
lenders from time to time party thereto (the "Lenders"), and you, as
Administrative Agent for such Lenders, and hereby give you notice, irrevocably,
pursuant to Section [1.06] [1.09] of the Credit Agreement, that the undersigned
hereby requests to [convert] [continue] the Borrowing of [Tranche A Term Loans]
[Tranche B Term Loans] [Revolving Loans] referred to below, and in that
connection sets forth below the information relating to such [conversion]
[continuation] (the "Proposed [Conversion] [Continuation]") as required by
Section [1.06] [1.09] of the Credit Agreement:

                  (i) The Proposed [Conversion] [Continuation] relates to the
Borrowing of [Tranche A Term Loans] [Tranche B Term Loans] [U.S. Borrower Dollar
Facility Revolving Loans] [Bermuda Borrower Dollar Facility Revolving Loans]
[U.S. Borrower Multicurrency Facility Revolving Loans] [Bermuda Borrower
Multicurrency Facility Revolving Loans] denominated in [Dollars] [Euros]]
originally made on _____ __, 20__ (the "Outstanding Borrowing") in the principal
amount of ________(1) and currently maintained as a Borrowing of [Base Rate
Loans] [Eurodollar Loans with an Interest Period ending on _____ __, ____] [Euro
Rate Loans with an Interest Period ending on _____ __, ____].

(1)      State in the applicable currency.

<PAGE>
                                                                     Exhibit A-2
                                                                          Page 2

                  (ii) The Business Day of the Proposed [Conversion]
[Continuation] is ____________.(2)

                  (iii) The Outstanding Borrowing shall be [continued as a
Borrowing of Eurodollar Loans with an Interest Period of _______] [continued as
a Borrowing of Euro Denominated Revolving Loans with an Interest Period of _____
] [converted into a Borrowing of [Base Rate Loans] [Eurodollar Loans with an
Interest Period of ___]].(3)

                  [The undersigned hereby certifies that no Default or Event of
Default has occurred and is continuing on the date hereof or will have occurred
and be continuing on the date of the Proposed [Conversion] [Continuation].](4)

                                   Very truly yours,

                                   [DOLE FOOD COMPANY, INC.]
                                   [SOLVEST, LTD.]

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

(2)      Shall be a Business Day at least three Business Days after the date
         hereof, provided that such notice shall be deemed to have been given on
         a certain day only if given before 12:00 Noon (New York time) on such
         day.

(3)      In the event that either (x) only a portion of the Outstanding
         Borrowing is to be so converted or continued or (y) the Outstanding
         Borrowing is to be divided into separate Borrowings with different
         Interest Periods, the Borrower should make appropriate modifications to
         this clause to reflect same.

(4)      In the case of a Proposed Conversion or Continuation, insert this
         sentence only in the event that the conversion is from a Base Rate Loan
         to a Eurodollar Loan or in the case of a continuation of a Eurodollar
         Loan. Until Administrative Agent has determined that the Syndication
         Date has occurred, outstanding Euro Denominated Revolving Loans may be
         only be maintained as a Euro Rate Loan with a one month Interest
         Period.

<PAGE>

                                                                    EXHIBIT B-3A

           FORM OF U.S. BORROWER MULTICURRENCY FACILITY REVOLVING NOTE

$____________                                                 New York, New York
                                                              ___________, _____

                  FOR VALUE RECEIVED, DOLE FOOD COMPANY, INC., a Delaware
corporation (the "U.S. Borrower"), hereby promises to pay to the order of
________ or its registered assigns (the "Lender"), in lawful money of the United
States of America (or, in the case of Euro Denominated Revolving Loans (as
defined in the Agreement referred to below) evidenced hereby, Euros (as defined
in the Agreement) except to the extent payments are otherwise required to be
made in Dollars in accordance with the provisions of Section 1.14 of the
Agreement) in immediately available funds, at the Payment Office (as defined in
the Agreement) on the Revolving Loan Maturity Date (as defined in the Agreement)
the principal sum of __________ DOLLARS ($_____) or, if less, the unpaid
principal amount of all U.S. Borrower Multicurrency Facility Revolving Loans (as
defined in the Agreement) made by the Lender pursuant to the Agreement, provided
that, notwithstanding the fact that the principal amount of this Note is
denominated in Dollars, to the extent provided in the Agreement, all payments
hereunder with respect to Euro Denominated Revolving Loans evidenced hereby
shall be made in Euros (except to the extent otherwise provided by Section 1.14
of the Agreement), whether or not the Dollar Equivalent (as defined in the
Agreement) of such amounts, when added to the outstanding principal amount of
the Dollar Denominated Revolving Loans (as defined in the Agreement) evidenced
hereby, would exceed the stated principal amount of this Note.

                  The U.S. Borrower also promises to pay interest on the unpaid
principal amount of each U.S. Borrower Multicurrency Facility Revolving Loan
made by the Lender in like money at said office from the date hereof until paid
at the rates and at the times provided in Section 1.08 of the Agreement. All
payments pursuant to this Note shall be made in accordance with the requirements
of Sections 4.03 and 4.04 of the Agreement.

                  This Note is one of the U.S. Borrower Multicurrency Facility
Revolving Notes referred to in the Credit Agreement, dated as of March 28, 2003
(as amended, restated, modified and/or supplemented from time to time, the
"Agreement"), among DHM Holding Company, Inc., the U.S. Borrower, Solvest, Ltd.,
the lenders from time to time party thereto (including the Lender), Deutsche
Bank AG New York Branch, as Administrative Agent, The Bank of Nova Scotia and
Banc of America Securities LLC, as Co-Syndication Agents, Fleet National Bank
and Societe Generale, as Co-Documentation Agents, and Deutsche Bank Securities
Inc., The Bank of Nova Scotia and Banc of America Securities LLC, as Joint Lead
Arrangers and Book Runners, and is entitled to the benefits thereof and of the
other Credit Documents (as defined in the Agreement). This Note is secured by
the Security Documents (as defined in the Agreement) and is entitled to the
benefits of the Guaranties (as defined in the Agreement). This Note is subject
to voluntary prepayment and mandatory repayment prior to the Revolving Loan
Maturity Date, in whole or in part, as provided in the Agreement.

<PAGE>

                                                                    Exhibit B-3A
                                                                          Page 2

                  In case an Event of Default (as defined in the Agreement)
shall occur and be continuing, the principal of and accrued interest on this
Note may be declared to be due and payable in the manner and with the effect
provided in the Agreement.

                  The U.S. Borrower hereby waives presentment, demand, protest
or notice of any kind in connection with this Note.

                  THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                                                  DOLE FOOD COMPANY, INC.

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

<PAGE>

                                                                    EXHIBIT B-3B

         FORM OF BERMUDA BORROWER MULTICURRENCY FACILITY REVOLVING NOTE

$                                                             New York, New York
 ___________                                                  ____________, ____

                  FOR VALUE RECEIVED, SOLVEST, LTD., a corporation organized
under the laws of Bermuda (the "Bermuda Borrower"), hereby promises to pay to
the order of ________ or its registered assigns (the "Lender"), in lawful money
of the United States of America (or, in the case of Euro Denominated Revolving
Loans (as defined in the Agreement referred to below) evidenced hereby, Euros
(as defined in the Agreement) except to the extent payments are otherwise
required to be made in Dollars in accordance with the provisions of Section 1.14
of the Agreement) in immediately available funds, at the Payment Office (as
defined in the Agreement) on the Revolving Loan Maturity Date (as defined in the
Agreement) the principal sum of __________ DOLLARS ($_____) or, if less, the
unpaid principal amount of all Bermuda Borrower Multicurrency Facility Revolving
Loans (as defined in the Agreement) made by the Lender pursuant to the
Agreement, provided that, notwithstanding the fact that the principal amount of
this Note is denominated in Dollars, to the extent provided in the Agreement,
all payments hereunder with respect to Euro Denominated Revolving Loans
evidenced hereby shall be made in Euros (except to the extent otherwise provided
by Section 1.14 of the Agreement), whether or not the Dollar Equivalent (as
defined in the Agreement) of such amounts, when added to the outstanding
principal amount of the Dollar Denominated Revolving Loans (as defined in the
Agreement) evidenced hereby, would exceed the stated principal amount of this
Note.

                  The Bermuda Borrower also promises to pay interest on the
unpaid principal amount of each Bermuda Borrower Multicurrency Facility
Revolving Loan made by the Lender in like money at said office from the date
hereof until paid at the rates and at the times provided in Section 1.08 of the
Agreement. All payments pursuant to this Note shall be made in accordance with
the requirements of Sections 4.03 and 4.04 of the Agreement.

                  This Note is one of the Bermuda Borrower Multicurrency
Facility Revolving Notes referred to in the Credit Agreement, dated as of March
28, 2003 (as amended, restated, modified and/or supplemented from time to time,
the "Agreement"), among DHM Holding Company, Inc., Dole Food Company, Inc., the
Bermuda Borrower, the lenders from time to time party thereto (including the
Lender), Deutsche Bank AG New York Branch, as Administrative Agent, The Bank of
Nova Scotia and Banc of America Securities LLC, as Co-Syndication Agents, Fleet
National Bank and Societe Generale, as Co-Documentation Agents, and Deutsche
Bank Securities Inc., The Bank of Nova Scotia and Banc of America Securities
LLC, as Joint Lead Arrangers and Book Runners, and is entitled to the benefits
thereof and of the other Credit Documents (as defined in the Agreement). This
Note is secured by the Security Documents (as defined in the Agreement) and is
entitled to the benefits of the Guaranties (as defined in the Agreement). This
Note is subject to voluntary prepayment and mandatory repayment prior to the
Revolving Loan Maturity Date, in whole or in part, as provided in the Agreement.

<PAGE>

                                                                    Exhibit B-3B
                                                                          Page 2

                  In case an Event of Default (as defined in the Agreement)
shall occur and be continuing, the principal of and accrued interest on this
Note may be declared to be due and payable in the manner and with the effect
provided in the Agreement.

                  The Bermuda Borrower hereby waives presentment, demand,
protest or notice of any kind in connection with this Note.

                  THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                                               SOLVEST, LTD.

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

<PAGE>

                                                                    EXHIBIT B-6A

           FORM OF U.S. BORROWER MULTICURRENCY FACILITY SWINGLINE NOTE

$__________________                                           New York, New York
                                                              ___________, _____

                  FOR VALUE RECEIVED, DOLE FOOD COMPANY, INC., a Delaware
corporation (the "U.S. Borrower"), hereby promises to pay to the order of
DEUTSCHE BANK AG NEW YORK BRANCH or its registered assigns (the "Lender"), in
lawful money of the United States of America (or, in the case of Euro
Denominated Swingline Loans (as defined in the Agreement referred to below)
evidenced hereby, in Euros (as defined in the Agreement) except to the extent
payments are otherwise required to be made in Dollars in accordance with the
provisions of Section 1.14 of the Agreement) in immediately available funds, at
the Payment Office (as defined in the Agreement) on the Swingline Expiry Date
(as defined in the Agreement) the principal sum of ____________ DOLLARS ($_____)
or, if less, the unpaid principal amount of all U.S. Borrower Multicurrency
Facility Swingline Loans (as defined in the Agreement) made by the Lender
pursuant to the Agreement, provided that, notwithstanding the fact that the
principal amount of this Note is denominated in Dollars, to the extent provided
in the Agreement, all payments hereunder with respect to Euro Denominated
Swingline Loans evidenced hereby shall be made in Euros (except to the extent
otherwise provided by Section 1.14 of the Agreement), whether or not the Dollar
Equivalent (as defined in the Agreement) of such amounts, when added to the
outstanding principal amount of the Dollar Denominated Swingline Loans (as
defined in the Agreement) evidenced hereby, would exceed the stated principal
amount of this Note.

                  The U.S. Borrower also promises to pay interest on the unpaid
principal amount of each U.S. Borrower Multicurrency Facility Swingline Loan
made by the Lender in like money at said office from the date hereof until paid
at the rates and at the times provided in Section 1.08 of the Agreement. All
payments pursuant to this Note shall be made in accordance with the requirements
of Sections 4.03 and 4.04 of the Agreement.

                  This Note is the U.S. Borrower Multicurrency Facility
Swingline Note referred to in the Credit Agreement, dated as of March 28, 2003
(as amended, restated, modified and/or supplemented from time to time, the
"Agreement"), among DHM Holding Company, Inc., the U.S. Borrower, Solvest, Ltd.,
the lenders from time to time party thereto (including the Lender), Deutsche
Bank AG New York Branch, as Administrative Agent, The Bank of Nova Scotia and
Banc of America Securities LLC, as Co-Syndication Agents, Fleet National Bank
and Societe Generale, as Co-Documentation Agents, and Deutsche Bank Securities
Inc., The Bank of Nova Scotia and Banc of America Securities LLC, as Joint Lead
Arrangers and Book Runners, and is entitled to the benefits thereof and of the
other Credit Documents (as defined in the Agreement). This Note is secured by
the Security Documents (as defined in the Agreement) and is entitled to the
benefits of the Guaranties (as defined in the Agreement). This Note is subject
to voluntary prepayment and mandatory repayment prior to the Swingline Expiry
Date, in whole or in part, as provided in the Agreement.

<PAGE>

                                                                    Exhibit B-6A
                                                                          Page 2

                  In case an Event of Default (as defined in the Agreement)
shall occur and be continuing, the principal of and accrued interest on this
Note may be declared to be due and payable in the manner and with the effect
provided in the Agreement.

                  The U.S. Borrower hereby waives presentment, demand, protest
or notice of any kind in connection with this Note.

                  THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                                          DOLE FOOD COMPANY, INC.

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

<PAGE>

                                                                    EXHIBIT B-6B

         FORM OF BERMUDA BORROWER MULTICURRENCY FACILITY SWINGLINE NOTE

$____________                                                 New York, New York
                                                              ___________, _____

                  FOR VALUE RECEIVED, SOLVEST, LTD., a corporation organized
under the laws of Bermuda (the "Bermuda Borrower"), hereby promises to pay to
the order of DEUTSCHE BANK AG NEW YORK BRANCH or its registered assigns (the
"Lender"), in lawful money of the United States of America (or, in the case of
Euro Denominated Swingline Loans (as defined in the Agreement referred to below)
evidenced hereby, in Euros (as defined in the Agreement) except to the extent
payments are otherwise required to be made in Dollars in accordance with the
provisions of Section 1.14 of the Agreement) in immediately available funds, at
the Payment Office (as defined in the Agreement) on the Swingline Expiry Date
(as defined in the Agreement) the principal sum of ____________ DOLLARS ($_____)
or, if less, the unpaid principal amount of all Bermuda Borrower Multicurrency
Facility Swingline Loans (as defined in the Agreement) made by the Lender
pursuant to the Agreement, provided that, notwithstanding the fact that the
principal amount of this Note is denominated in Dollars, to the extent provided
in the Agreement, all payments hereunder with respect to Euro Denominated
Swingline Loans evidenced hereby shall be made in Euros (except to the extent
otherwise provided by Section 1.14 of the Agreement), whether or not the Dollar
Equivalent (as defined in the Agreement) of such amounts, when added to the
outstanding principal amount of the Dollar Denominated Swingline Loans (as
defined in the Agreement) evidenced hereby, would exceed the stated principal
amount of this Note.

                  The Bermuda Borrower also promises to pay interest on the
unpaid principal amount of each Bermuda Borrower Multicurrency Facility
Swingline Loan made by the Lender in like money at said office from the date
hereof until paid at the rates and at the times provided in Section 1.08 of the
Agreement. All payments pursuant to this Note shall be made in accordance with
the requirements of Sections 4.03 and 4.04 of the Agreement.

                  This Note is the Bermuda Borrower Multicurrency Facility
Swingline Note referred to in the Credit Agreement, dated as of March 28, 2003
(as amended, restated, modified and/or supplemented from time to time, the
"Agreement"), among DHM Holding Company, Inc., Dole Food Company, Inc., the
Bermuda Borrower, the lenders from time to time party thereto (including the
Lender), Deutsche Bank AG New York Branch, as Administrative Agent, The Bank of
Nova Scotia and Banc of America Securities LLC, as Co-Syndication Agents, Fleet
National Bank and Societe Generale, as Co-Documentation Agents, and Deutsche
Bank Securities Inc., The Bank of Nova Scotia and Banc of America Securities
LLC, as Joint Lead Arrangers and Book Runners, and is entitled to the benefits
thereof and of the other Credit Documents (as defined in the Agreement). This
Note is secured by the Security Documents (as defined in the Agreement) and is
entitled to the benefits of the Guaranties (as defined in the Agreement). This
Note is subject to voluntary prepayment and mandatory repayment prior to the
Swingline Expiry Date, in whole or in part, as provided in the Agreement.

<PAGE>

                                                                    Exhibit B-6B
                                                                          Page 2

                  In case an Event of Default (as defined in the Agreement)
shall occur and be continuing, the principal of and accrued interest on this
Note may be declared to be due and payable in the manner and with the effect
provided in the Agreement.

                  The Bermuda Borrower hereby waives presentment, demand,
protest or notice of any kind in connection with this Note.

                  THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                                            SOLVEST, LTD.

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

<PAGE>
                                                                     EXHIBIT C-1

                            LETTER OF CREDIT REQUEST

No.  (1)          Dated      (2)

Deutsche Bank AG New York Branch, [as Issuing Lender and] as Administrative
    Agent under the Credit Agreement, dated as of March 28, 2003, among DHM
    Holding Company, Inc., Dole Food Company, Inc., Solvest, Ltd., the lenders
    from time to time party thereto (the "Lenders"), Deutsche Bank AG New York
    Branch, as Administrative Agent, The Bank of Nova Scotia and Banc of America
    Securities LLC, as Co-Syndication Agents, Fleet National Bank and Societe
    Generale, as Co-Documentation Agents, and Deutsche Bank Securities Inc., The
    Bank of Nova Scotia and Banc of America Securities LLC, as Joint Lead
    Arrangers and Book Runners (as amended, restated, modified and/or
    supplemented from time to time, the "Credit Agreement")
31 West 52nd Street
New York, New York  10019
Attention: Marco Orlando

[[____________________, as Issuing Lender
under the Credit Agreement

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

--------------------
                    ](3)
--------------------

Dear Sirs:

                  Pursuant to Section 2A.03 of the Credit Agreement, we hereby
request that the Issuing Lender referred to above issue a [Trade] [Standby]
Letter of Credit for the account of the

(1)      Letter of Credit Request Number.

(2)      Date of Letter of Credit Request.

(3)      Insert name and address of Issuing Lender in the case of a Letter of
         Credit Request to any Issuing Lender other than Deutsche Bank AG New
         York Branch.

<PAGE>

                                                                     Exhibit C-1
                                                                          Page 2

undersigned on (4) (the "Date of Issuance") in the aggregate Stated Amount of
(5). The requested Letter of Credit shall be denominated in (6) and shall be a
[U.S. Borrower Multicurrency] [Bermuda Borrower Multicurrency] [U.S. Borrower
Dollar] [Bermuda Borrower Dollar](7) Facility Letter of Credit for all purposes
of the Credit Agreement.

                  For purposes of this Letter of Credit Request, unless
otherwise defined herein, all capitalized terms used herein which are defined in
the Credit Agreement shall have the respective meaning provided therein.

                  The beneficiary of the requested Letter of Credit will be (8),
and such Letter of Credit will be in support of (9) and will have a stated
expiration date of (10).

                  We hereby certify that:

(4)      Date of Issuance which shall be (x) a Business Day and (y) at least 3
         Business Days from the date hereof (or such shorter period as may be
         acceptable to the respective Issuing Lender in any given case).

(5)      Insert aggregate initial Stated Amount of Letter of Credit (in the
         Available Currency specified in footnote 6) which shall not be less
         than (x) in the case of a Dollar Denominated Letter of Credit,
         [$100,000] and (y) in the case of a Euro Denominated Letter of Credit,
         [E100,000] (or, in each case, such lesser amount as is acceptable
         to the respective Issuing Lender).

(6)      Insert applicable Available Currency.

(7)      Each requested Letter of Credit shall constitute either a U.S. Borrower
         Multicurrency Facility Letter of Credit, a Bermuda Borrower
         Multicurrency Facility Letter of Credit, a U.S. Borrower Dollar
         Facility Letter of Credit or a Bermuda Borrower Dollar Facility Letter
         of Credit, provided that (x) Multicurrency Facility Letters of Credit
         shall be made available in Dollars or Euros and shall be issued for the
         account of the U.S. Borrower or the Bermuda Borrower and (y) Dollar
         Facility Letters of Credit shall be made available only in Dollars and
         shall be issued for the account of the U.S. Borrower or the Bermuda
         Borrower.

(8)      Insert name and address of beneficiary.

(9)      Insert description of L/C Supportable Indebtedness (in the case of
         Standby Letters of Credit) and insert description of permitted trade
         obligations (in the case of Trade Letters of Credit).

(10)     Insert the last date upon which drafts may be presented which may not
         be later than (i) in the case of Standby Letters of Credit, the earlier
         of (x) 12 months after the Date of Issuance and (y) the fifth Business
         Day preceding the Revolving Loan Maturity Date and (ii) in the case of
         Trade Letters of Credit, the earlier of (x) 180 days after the Date of
         Issuance and (y) 30 days prior to the Revolving Loan Maturity Date.

<PAGE>
                                                                     Exhibit C-1
                                                                          Page 3

                  (1) The representations and warranties contained in the Credit
Agreement and in the other Credit Documents are and will be true and correct in
all material respects on the Date of Issuance, both before and after giving
effect to the issuance of the Letter of Credit requested hereby (it being
understood and agreed that any representation or warranty which by its terms is
made as of a specified date shall be required to be true and correct in all
material respects only as of such specified date).

                  (2) No Default or Event of Default has occurred and is
continuing nor, after giving effect to the issuance of the Letter of Credit
requested hereby, would such a Default or an Event of Default occur.

                  Copies of all documentation with respect to the supported
transaction are attached hereto.

                                    [DOLE FOOD COMPANY, INC.]

                                    [SOLVEST, LTD.]

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

<PAGE>
                                                                     Exhibit C-2

                              BANK GUARANTY REQUEST

No.  (1)          Dated      (2)

Deutsche Bank AG New York Branch, [as Bank Guaranty Issuer and] as
    Administrative Agent under the Credit Agreement, dated as of March 28, 2003,
    among DHM Holding Company, Inc., Dole Food Company, Inc., Solvest, Ltd., the
    lenders from time to time party thereto (the "Lenders"), Deutsche Bank AG
    New York Branch, as Administrative Agent, The Bank of Nova Scotia and Banc
    of America Securities LLC, as Co-Syndication Agents, Fleet National Bank and
    Societe Generale, as Co-Documentation Agents, and Deutsche Bank Securities
    Inc., The Bank of Nova Scotia and Banc of America Securities LLC, as Joint
    Lead Arrangers and Book Runners (as amended, restated, modified and/or
    supplemented from time to time, the "Credit Agreement")
31 West 52nd Street
New York, New York  10019
Attention: Marco Orlando

[[____________________, as Bank Guaranty Issuer
under the Credit Agreement

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

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

____________________](3)

Dear Sirs:

(1)  Bank Guaranty Request Number.

(2)  Date of Bank Guaranty Request.

(3)  Insert name and address of Bank Guaranty Issuer in the case of a Bank
     Guaranty Request to any Bank Guaranty Issuer other than Deutsche Bank AG
     New York Branch.

<PAGE>

                                                                     Exhibit C-2
                                                                          Page 2

                  Pursuant to Section 2B.03 of the Credit Agreement, we hereby
request that the Bank Guaranty Issuer referred to above issue a Bank Guaranty
for the account of the undersigned on (4) (the "Date of Issuance") in the
aggregate Face Amount of (5). The requested Bank Guaranty shall be denominated
in (6) and shall be a [U.S. Borrower] [Bermuda Borrower]7 Bank Guaranty for all
purposes of the Credit Agreement.

                  For purposes of this Bank Guaranty Request, unless otherwise
defined herein, all capitalized terms used herein which are defined in the
Credit Agreement shall have the respective meaning provided therein.

                  The beneficiary of the requested Bank Guaranty will be (8),
and such Bank Guaranty will be in support of (9) and will have a stated
expiration date of (10).

                  We hereby certify that:

                  (1) The representations and warranties contained in the Credit
Agreement and in the other Credit Documents are and will be true and correct in
all material respects on the Date of Issuance, both before and after giving
effect to the issuance of the Bank Guaranty requested hereby (it being
understood and agreed that any representation or warranty which by its terms is
made as of a specified date shall be required to be true and correct in all
material respects only as of such specified date).

(4)  Date of Issuance which shall be (x) a Business Day and (y) at least 3
     Business Days from the date hereof (or such shorter period as may be
     acceptable to the respective Bank Guaranty Issuer in any given case).

(5)  Insert aggregate initial Face Amount of Bank Guaranty (in the Available
     Currency specified in footnote 6) which shall not be less than (x) in the
     case of a Dollar Denominated Bank Guaranty, $250,000 and (y) in the case of
     a Euro Denominated Bank Guaranty, E250,000 (or, in each case, such lesser
     amount as is acceptable to the respective Bank Guaranty Issuer).

(6)  Insert applicable Available Currency.

(7)  Each requested Bank Guaranty shall constitute either a U.S. Borrower Bank
     Guaranty (if issued for the account of the U.S. Borrower) or a Bermuda
     Borrower Bank Guaranty (if issued for the account of the Bermuda Borrower).

(8)  Insert name and address of beneficiary.

(9)  Insert description of B/G Supportable Indebtedness.

(10) Insert the last date upon which drafts may be presented which may not be
     later than, the earlier of (x) 12 months after the Date of Issuance and (y)
     the fifth Business Day preceding the Revolving Loan Maturity Date.

<PAGE>

                                                                     Exhibit C-2
                                                                          Page 3

                  (2) No Default or Event of Default has occurred and is
continuing nor, after giving effect to the issuance of the Bank Guaranty
requested hereby, would such a Default or an Event of Default occur.

                  Copies of all documentation with respect to the supported
transaction are attached hereto.

                                            [DOLE FOOD COMPANY, INC.]

                                            [SOLVEST, LTD.]

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

<PAGE>
                                                                       EXHIBIT K

                               FORM OF ASSIGNMENT
                                       AND
                             ASSUMPTION AGREEMENT(1)

                  This Assignment and Assumption Agreement (this "Assignment"),
is dated as of the Effective Date set forth below and is entered into by and
between [the][each] Assignor identified in item [1][2] below ([the] [each, an]
"Assignor") and [the] [each] Assignee identified in item 2 below ([the] [each,
an] "Assignee"). [It is understood and agreed that the rights and obligations of
such [Assignees][and Assignors] hereunder are several and not joint.]
Capitalized terms used herein but not defined herein shall have the meanings
given to them in the Credit Agreement identified below (as amended, restated,
supplemented and/or otherwise modified from time to time, the "Credit
Agreement"). The Standard Terms and Conditions for Assignment and Assumption
Agreement set forth in Annex 1 hereto (the "Standard Terms and Conditions") are
hereby agreed to and incorporated herein by reference and made a part of this
Assignment as if set forth herein in full.

                  For an agreed consideration, [the][each] Assignor hereby
irrevocably sells and assigns to [the] [each] Assignee, and [the] [each]
Assignee hereby irrevocably purchases and assumes from [the][each] Assignor,
subject to and in accordance with the Standard Terms and Conditions and the
Credit Agreement, as of the Effective Date inserted by the Administrative Agent
as contemplated below, the interest in and to all of [the][each] Assignor's
rights and obligations under the Credit Agreement and any other documents or
instruments delivered pursuant thereto that represents the amount and percentage
interest identified below of all of the [respective] Assignor's outstanding
rights and obligations under the respective Tranches identified below
(including, to the extent included in any such Tranches, Letters of Credit, Bank
Guaranties and Swingline Loans) ([the] [each, an] "Assigned Interest"). [Each]
[Such] sale and assignment is without recourse to [the][any] Assignor and,
except as expressly provided in this Assignment, without representation or
warranty by [the][any] Assignor.

[1.  Assignor:
                            -----------------------------------

2.   Assignee:                                                 ](2)
                            -----------------------------------

[1][3]. Credit Agreement:   Credit Agreement, dated as of March 28, 2003, among
                            DHM Holding Company, Inc. ("Holdings"), Dole Food
                            Company, Inc. (the "U.S. Borrower"), Solvest, Ltd.
                            (the "Bermuda Borrower"),

(1)    This Form of Assignment and Assumption Agreement should be used by
       Lenders for an assignment to a single Assignee or to funds managed by the
       same or related investment managers.

(2)    If the form is used for a single Assignor and Assignee, items 1 and 2
       should list the Assignor and the Assignee, respectively. In the case of
       an assignment to funds managed by the same or related investment
       managers, or an assignment by multiple Assignors, the Assignors and the
       Assignee(s) should be listed in the table under bracketed item 2 below.

<PAGE>

                                                                       Exhibit K
                                                                          Page 2

                            the lenders from time to time party thereto,
                            Deutsche Bank AG New York Branch, as Administrative
                            Agent, The Bank of Nova Scotia and Banc of America
                            Securities LLC, as Co-Syndication Agents, Fleet
                            National Bank and Societe Generale, as
                            Co-Documentation Agents, and Deutsche Bank
                            Securities Inc., The Bank of Nova Scotia and Banc of
                            America Securities LLC, as Joint Lead Arrangers and
                            Book Runners.

[2.  Assigned Interest:(3)

<Table>
<Caption>
                                               Aggregate Amount of            Amount of
                                             Commitment/Loans under        Commitment/Loans      Percentage of Assigned
                                Tranche        Relevant Tranche            under Relevant       Commitment/Loans under
Assignor         Assignee     Assigned(4)       for all Lenders            Tranche Assigned        Relevant Tranche(5)
--------         --------     -----------    ----------------------        ----------------     -----------------------
<S>            <C>            <C>            <C>                           <C>                  <C>

[Name of         [Name of
Assignor]       Assignee]                           __________                 __________                __________%

[Name of         [Name of
Assignor]       Assignee]                           __________                 __________                __________%]
</Table>

(3)    Insert this chart if this Form of Assignment and Assumption Agreement is
       being used for assignments to funds managed by the same or related
       investment managers or for an assignment by multiple Assignors. Insert
       additional rows as needed.

(4)    For complex multi-tranche assignments a separate chart for each tranche
       should be used for ease of reference.

(5)    Set forth, to at least 9 decimals, as a percentage of the
       Commitment/Loans of all Lenders thereunder for the respective Tranche.

<PAGE>

                                                                       Exhibit K
                                                                          Page 3

[4.      Assigned Interest:(6)

<Table>
<Caption>
                              Aggregate Amount of
                                Commitment/Loans                Amount of           Percentage of Assigned
                                under Relevant           Commitment/Loans under     Commitment/Loans under
Tranche Assigned           Tranche for all Lenders     Relevant Tranche Assigned      Relevant Tranche(7)
----------------           -----------------------     -------------------------    ----------------------
<S>                        <C>                         <C>                          <C>

Tranche A Term Loans           $______________              $______________             %______________

Tranche B Term Loans           $______________              $______________             %______________

Multicurrency Facility         $______________              $______________             %______________
Revolving Loan Commitment

Dollar Facility Revolving      $______________              $______________             %______________
Loan Commitment
</Table>

Effective Date ___________, ____, 200__.

ASSIGNOR[S] INFORMATION                 ASSIGNEE[S] INFORMATION

Payment Instructions:                   Payment Instructions:
                      ---------------                      ------------------

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

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

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

                      Reference:                           Reference:
                                ------                               ---------

Notice Instructions:                    Notice Instructions:
                      ---------------                      ------------------

(6)    Insert this chart if this Form of Assignment and Assumption Agreement is
       being used by a single Assignor for an assignment to a single Assignee.

(7)    Set forth, to at least 9 decimals, as a percentage of the
       Commitment/Loans of all Lenders thereunder.

<PAGE>

                                                                       Exhibit K
                                                                          Page 4

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

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

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

                      Reference:                           Reference:
                                -----                                --------

The terms set forth in this Assignment are hereby agreed to:

ASSIGNOR                                    ASSIGNEE
[NAME OF ASSIGNOR]                          [NAME OF ASSIGNEE](8)

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

(8)    Add additional signature blocks, as needed, if this Form of Assignment
       and Assumption Agreement is being used by funds managed by the same or
       related investment managers.

<PAGE>

                                                                       Exhibit K
                                                                          Page 5

[Consented to and](9) Accepted:

DEUTSCHE BANK AG NEW YORK BRANCH,
     as Administrative Agent

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

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

[DOLE FOOD COMPANY, INC.

By:
    -------------------------------
    Name:
    Title:](10)

[[NAME OF EACH CHILEAN GUARANTOR]

By:
    -------------------------------
    Name:
    Title:](11)

[[NAME OF EACH ISSUING LENDER],
as an Issuing Lender

(9)    Insert only if assignment is being made to an Eligible Transferee
       pursuant to Section 13.04(b)(y) of the Credit Agreement.

(10)   Insert only if (i) no Event of Default or Default is then in existence,
       (ii) the assignment is being made to an Eligible Transferee pursuant to
       13.04(b)(y) of the Credit Agreement and (iii) assignment is not being
       made prior to the Syndication Date and as part of the primary syndication
       of the Loans and Commitments.

(11)   Insert only if (i) an assignment of Multicurrency Facility Revolving Loan
       Commitments, (ii) no Event of Default or Default is then in existence,
       (iii) the assignment is being made to an Eligible Transferee pursuant to
       13.04(b)(y) of the Credit Agreement and (iv) assignment is not being made
       prior to the Syndication Date and as part of the primary syndication of
       the Loans and Commitments.

<PAGE>

                                                                       Exhibit K
                                                                          Page 6

By:
    -------------------------------
    Name:
    Title:](12)

[DEUTSCHE BANK AG NEW YORK BRANCH,
as Swingline Lender

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

By:
    -------------------------------
    Name:
    Title:](13)

[[NAME OF EACH BANK GUARANTY ISSUER],
as a Bank Guaranty Issuer

By:
    -------------------------------
    Name:
    Title:](14)

(12)   Insert for any assignment of a Revolving Loan Commitment pursuant to
       clause (x) or (y) of Section 13.04(b) of the Credit Agreement. The
       consent of each Issuing Lender shall not be unreasonably withheld or
       delayed.

(13)   Insert for any assignment of a Revolving Loan Commitment pursuant to
       clause (x) or (y) of Section 13.04(b) of the Credit Agreement. The
       consent of the Swingline Lender shall not be unreasonably withheld or
       delayed.

(14)   Insert for any assignment of a Multicurrency Facility Revolving Loan
       Commitment pursuant to clause (x) or (y) of Section 13.04(b) of the
       Credit Agreement. The consent of each Bank Guaranty Issuer shall not be
       unreasonably withheld or delayed.

<PAGE>
                                                                         ANNEX I
                                                                              TO
                                                                       EXHIBIT K

                             DOLE FOOD COMPANY, INC.
                                  SOLVEST, LTD.

                                CREDIT AGREEMENT

                  STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT
                            AND ASSUMPTION AGREEMENT

                  1. Representations and Warranties.

                  1.1. Assignor. [The] [Each] Assignor (a) represents and
warrants that (i) it is the legal and beneficial owner of [the] [its] Assigned
Interest, (ii) [the] [its] Assigned Interest is free and clear of any lien,
encumbrance or other adverse claim and (iii) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and
to consummate the transactions contemplated hereby; and (b) assumes no
responsibility with respect to (i) any statements, warranties or representations
made in or in connection with any Credit Document, (ii) the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement, any other Credit Document or any other instrument or document
delivered pursuant thereto (other than this Assignment) or any collateral
thereunder, (iii) the financial condition of Holdings, any of its Subsidiaries
or affiliates or any other Person obligated in respect of any Credit Document or
(iv) the performance or observance by Holdings, any of its Subsidiaries or
affiliates or any other Person of any of their respective obligations under any
Credit Document.

                  1.2. Assignee. [The] [Each] Assignee (a) represents and
warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and to consummate the
transactions contemplated hereby and to become a Lender under the Credit
Agreement, (ii) confirms that it is (A) a Lender, (B) a parent company and/or an
affiliate of [the] [an] Assignor which is at least 50% owned by [the] [an]
Assignor or its parent company, (C) a fund that invests in bank loans and is
managed by the same investment advisor as a Lender or by an affiliate of such
investment advisor or (D) an Eligible Transferee under Section 13.04(b) of the
Credit Agreement; (iii) from and after the Effective Date, it shall be bound by
the provisions of the Credit Agreement and, to the extent of the Assigned
Interest, shall have the obligations of a Lender thereunder, (iv) it has
received a copy of the Credit Agreement, together with copies of the most recent
financial statements delivered pursuant to Section 8.01 thereof, as applicable,
and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Assignment and to
purchase the Assigned Interest on the basis of which it has made such analysis
and decision and (v) if it is organized under the laws of a jurisdiction outside
the United States, attached to this Assignment is any tax documentation required
to be delivered by it pursuant to the terms of the Credit Agreement, duly
completed and executed by [the] [each such] Assignee; (b) agrees that it will,
independently and without reliance upon the Administrative Agent, [the][each]
Assignor, or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Credit Agreement; (c) appoints and
authorizes each of the Administrative Agent, the Co-Syndication Agents, the
Co-Documentation Agents and the Collateral Agent to take such action as agent on
its behalf and to exercise such powers under the Credit Agreement and the other
Credit

<PAGE>
                                                                         Annex I
                                                                    to Exhibit K
                                                                          Page 2

Documents as are delegated to or otherwise conferred upon the
Administrative Agent, the Co-Syndication Agents, the Co-Documentation Agents or
the Collateral Agent, as the case may be, by the terms thereof, together with
such powers as are reasonably incidental thereto; and (d) agrees that it will
perform in accordance with their terms all of the obligations which by the terms
of the Credit Documents are required to be performed by it as a Lender.

                  2. Payment. From and after the Effective Date, the
Administrative Agent shall make all payments in respect of [the] [each] Assigned
Interest (including payments of principal, interest, fees, commissions and other
amounts) to [the][each] Assignor for amounts which have accrued to but excluding
the Effective Date and to [the] [each] Assignee for amounts which have accrued
from and after the Effective Date.

                  3. Upon the delivery of a fully executed original hereof to
the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a
party to the Credit Agreement and, to the extent provided in this Assignment and
Assumption Agreement, have the rights and obligations of a Lender thereunder and
under the other Credit Documents and (ii) the Assignor shall, to the extent
provided in this Assignment and Assumption Agreement, relinquish its rights and
be released from its obligations under the Credit Agreement and the other Credit
Documents.

                  4. General Provisions. This Assignment shall be binding upon,
and inure to the benefit of, the parties hereto and their respective successors
and assigns. This Assignment may be executed in any number of counterparts,
which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment by telecopy shall be
effective as delivery of a manually executed counterpart of the Assignment. THIS
ASSIGNMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK (INCLUDING, WITHOUT LIMITATION, SECTION 5.1401
OF THE GENERAL OBLIGATIONS LAW).

                                      * * *<PAGE>
                                                                    EXHIBIT 4.10

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

                          REGISTRATION RIGHTS AGREEMENT

                            Dated as of May 29, 2003

                                      Among

                             DOLE FOOD COMPANY, INC.

                                       and

                           THE GUARANTORS NAMED HEREIN

                                   as Issuers,

                                       and

                         DEUTSCHE BANK SECURITIES INC.,
                         BANC OF AMERICA SECURITIES LLC,
                           SCOTIA CAPITAL (USA) INC.,
                             FLEET SECURITIES, INC.,
                              GOLDMAN, SACHS & CO.

                                       and

                        SG COWEN SECURITIES CORPORATION,
                              as Initial Purchasers

                          7-1/4% Senior Notes due 2010

--------------------------------------------------------------------------------
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                       Page
                                                                                                       ----
<S>  <C>                                                                                               <C>
1.   Definitions..........................................................................................1

2.   Exchange Offer.......................................................................................5

3.   Shelf Registration...................................................................................9

4.   Additional Interest.................................................................................11

5.   Registration Procedures.............................................................................13

6.   Registration Expenses...............................................................................22

7.   Indemnification and Contribution....................................................................23

8.   Rules 144 and 144A..................................................................................27

9.   Underwritten Registrations..........................................................................27

10.  Miscellaneous.......................................................................................28
</TABLE>

                                      -i-
<PAGE>
                          REGISTRATION RIGHTS AGREEMENT

                  This Registration Rights Agreement (this "Agreement") is dated
as of May 29, 2003, among DOLE FOOD COMPANY, INC., a Delaware corporation (the
"Company"), the subsidiaries of the Company listed on Schedule 1 hereto
(collectively, and together with any entity that in the future executes a
supplemental indenture pursuant to which such entity agrees to guarantee the
Notes (as hereinafter defined), the "Guarantors," and together with the Company,
the "Issuers") and DEUTSCHE BANK SECURITIES INC., BANC OF AMERICA SECURITIES
LLC, SCOTIA CAPITAL (USA) INC., FLEET SECURITIES, INC., GOLDMAN, SACHS & CO. and
SG COWEN SECURITIES CORPORATION as initial purchasers (the "Initial
Purchasers").

                  This Agreement is entered into in connection with the Purchase
Agreement by and among the Issuers and the Initial Purchasers, dated as of May
14, 2003 (the "Purchase Agreement"), which provides for, among other things, the
sale by the Company to the Initial Purchasers of $400,000,000 aggregate
principal amount of the Company's 7-1/4% Senior Notes due 2010 (the "Notes")
guaranteed on an unsecured senior subordinated basis by the Guarantors (the
"Guarantees"). In order to induce the Initial Purchasers to enter into the
Purchase Agreement, the Issuers have agreed to provide the registration rights
set forth in this Agreement for the benefit of the Initial Purchasers and any
subsequent holder or holders of the Notes. The execution and delivery of this
Agreement is a condition to the Initial Purchasers' obligation to purchase the
Notes under the Purchase Agreement.

                  The parties hereby agree as follows:

         1.       Definitions

                  As used in this Agreement, the following terms shall have the
following meanings:

                  Additional Interest:  See Section 4(a) hereof.

                  Advice:  See the last paragraph of Section 5 hereof.

                  Agreement:  See the introductory paragraphs hereto.

                  Applicable Period:  See Section 2(b) hereof.

                  Business Day: Any day that is not a Saturday, Sunday or a day
on which banking institutions in New York are authorized or required by law to
be closed.

                  Company:  See the introductory paragraphs hereto.
<PAGE>
                                      -2-

         Effectiveness Date: With respect to (i) the Exchange Offer Registration
Statement, the 180th day after the Issue Date and (ii) any Shelf Registration
Statement, the 90th day after the Filing Date with respect thereto; provided,
however, that if the Effectiveness Date would otherwise fall on a day that is
not a Business Day, then the Effectiveness Date shall be the next succeeding
Business Day.

         Effectiveness Period: See Section 3(a) hereof.

         Event Date: See Section 4(b) hereof.

         Exchange Act: The Securities Exchange Act of 1934, as amended, and the
rules and regulations of the SEC promulgated thereunder.

         Exchange Notes: See Section 2(a) hereof.

         Exchange Offer: See Section 2(a) hereof.

         Exchange Offer Registration Statement: See Section 2(a) hereof.

         Filing Date: (A) If no Registration Statement has been filed by the
Company pursuant to this Agreement, the 90th day after the Issue Date; and (B)
in any other case (which may be applicable notwithstanding the consummation of
the Exchange Offer), the 90th day after the delivery of a Shelf Notice as
required pursuant to Section 2(c) hereof; provided, however, that if the Filing
Date would otherwise fall on a day that is not a Business Day, then the Filing
Date shall be the next succeeding Business Day.

         Guarantees: See the introductory paragraphs hereto.

         Guarantors: See the introductory paragraphs hereto.

         Holder: Any holder of a Registrable Note or Registrable Notes.

         Indenture: The Indenture, dated as of May 29, 2003, by and among the
Company, the Guarantors, and Wells Fargo Bank, National Association, as Trustee,
pursuant to which the Notes are being issued, as amended or supplemented from
time to time in accordance with the terms thereof.

         Information: See Section 5(o) hereof.

         Initial Purchasers: See the introductory paragraphs hereto.

         Initial Shelf Registration: See Section 3(a) hereof.
<PAGE>
                                      -3-

         Inspectors: See Section 5(o) hereof.

         Issue Date: May 29, 2003, the date of original issuance of the Notes.

         Issuers: See the introductory paragraphs hereto.

         NASD: See Section 5(s) hereof.

         Notes: See the introductory paragraphs hereto.

         Participant: See Section 7(a) hereof.

         Participating Broker-Dealer: See Section 2(b) hereof.

         Person: An individual, trustee, corporation, partnership, limited
liability company, joint stock company, trust, unincorporated association,
union, business association, firm or other legal entity.

         Private Exchange: See Section 2(b) hereof.

         Private Exchange Notes: See Section 2(b) hereof.

         Prospectus: The prospectus included in any Registration Statement
(including, without limitation, any prospectus subject to completion and a
prospectus that includes any information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A
under the Securities Act and any term sheet filed pursuant to Rule 434 under the
Securities Act), as amended or supplemented by any prospectus supplement, and
all other amendments and supplements to the Prospectus, including post-effective
amendments, and all material incorporated by reference or deemed to be
incorporated by reference in such Prospectus.

         Purchase Agreement: See the introductory paragraphs hereof.

         Records: See Section 5(o) hereof.

         Registrable Notes: Each Note (and the related Guarantees) upon its
original issuance and at all times subsequent thereto, each Exchange Note (and
the related Guarantees) as to which Section 2(c)(iv) hereof is applicable upon
original issuance and at all times subsequent thereto and each Private Exchange
Note (and the related Guarantees) upon original issuance thereof and at all
times subsequent thereto, until, in each case, the earliest to occur of (i) a
Registration Statement (other than, with respect to any Exchange Note as to
which Section 2(c)(iv) hereof is applicable, the Exchange Offer Registration
Statement) covering such Note, Exchange Note or Private Exchange Note has been
declared effective by the SEC and
<PAGE>
                                      -4-

such Note, Exchange Note or such Private Exchange Note (and the related
Guarantees), as the case may be, has been disposed of in accordance with such
effective Registration Statement, (ii) such Note has been exchanged pursuant to
the Exchange Offer for an Exchange Note or Exchange Notes (and the related
Guarantees) that may be resold without restriction under state and federal
securities laws, (iii) such Note, Exchange Note or Private Exchange Note (and
the related Guarantees), as the case may be, ceases to be outstanding for
purposes of the Indenture or (iv) such Note, Exchange Note or Private Exchange
Note (and the related Guarantees), as the case may be, may be resold without
restriction pursuant to Rule 144(k) (as amended or replaced) under the
Securities Act.

         Registration Statement: Any registration statement of the Company that
covers any of the Notes, the Exchange Notes or the Private Exchange Notes (and
the related Guarantees) filed with the SEC under the Securities Act, including
the Prospectus, amendments and supplements to such registration statement,
including post-effective amendments, all exhibits, and all material incorporated
by reference or deemed to be incorporated by reference in such registration
statement.

         Rule 144: Rule 144 under the Securities Act.

         Rule 144A: Rule 144A under the Securities Act.

         Rule 405: Rule 405 under the Securities Act.

         Rule 415: Rule 415 under the Securities Act.

         Rule 424: Rule 424 under the Securities Act.

         SEC: The U.S. Securities and Exchange Commission.

         Securities Act: The Securities Act of 1933, as amended, and the rules
and regulations of the SEC promulgated thereunder.

         Shelf Notice: See Section 2(c) hereof.

         Shelf Registration: See Section 3(b) hereof.

         Shelf Registration Statement: Any Registration Statement relating to a
Shelf Registration.

         Shelf Suspension Period: See Section 3(a) hereof.

         Subsequent Shelf Registration: See Section 3(b) hereof.
<PAGE>
                                      -5-

                  TIA: The Trust Indenture Act of 1939, as amended.

                  Trustee: The trustee under the Indenture and the trustee (if
any) under any indenture governing the Exchange Notes and Private Exchange Notes
(and the related Guarantees).

                  Underwritten registration or underwritten offering: A
registration in which securities of the Company are sold to an underwriter for
reoffering to the public.

                  Except as otherwise specifically provided, all references in
this Agreement to acts, laws, statutes, rules, regulations, releases, forms,
no-action letters and other regulatory requirements (collectively, "Regulatory
Requirements") shall be deemed to refer also to any amendments thereto and all
subsequent Regulatory Requirements adopted as a replacement thereto having
substantially the same effect therewith; provided that Rule 144 shall not be
deemed to amend or replace Rule 144A.

         2.       Exchange Offer

                  (a) Unless the Exchange Offer would violate applicable law or
any applicable interpretation of the staff of the SEC, the Issuers shall use
their respective reasonable best efforts to file with the SEC, no later than the
Filing Date, a Registration Statement (the "Exchange Offer Registration
Statement") on an appropriate registration form with respect to a registered
offer (the "Exchange Offer") to exchange any and all of the Registrable Notes
for a like aggregate principal amount of debt securities of the Company (the
"Exchange Notes"), guaranteed on an unsecured senior subordinated basis by the
Guarantors, that are identical in all material respects to the Notes, except
that (i) the Exchange Notes shall contain no restrictive legend thereon and (ii)
interest thereon shall accrue from the last date on which interest was paid on
the Notes or, if no such interest has been paid, from the Issue Date, and which
are entitled to the benefits of the Indenture or a trust indenture which is
identical in all material respects to the Indenture (other than such changes to
the Indenture or any such identical trust indenture as are necessary to comply
with the TIA) and which, in either case, has been qualified under the TIA. The
Exchange Offer shall comply in all material respects with all applicable tender
offer rules and regulations under the Exchange Act and other applicable laws.
The Issuers shall (x) use their respective reasonable best efforts to cause the
Exchange Offer Registration Statement to be declared effective under the
Securities Act on or before the Effectiveness Date; (y) keep the Exchange Offer
open for at least 30 days (or longer if required by applicable law) after the
date that notice of the Exchange Offer is mailed to Holders; and (z) consummate
the Exchange Offer on or prior to the 210th day following the Issue Date;
provided, however, that if such 210th day would otherwise fall on a day that is
not a Business Day, then such Exchange Offer must be consummated not later than
the next succeeding Business Day.
<PAGE>
                                      -6-

         Each Holder (including, without limitation, each Participating
Broker-Dealer) who participates in the Exchange Offer will be required to
represent to the Issuers in writing (which may be contained in the applicable
letter of transmittal) that: (i) any Exchange Notes acquired in exchange for
Registrable Notes tendered are being acquired in the ordinary course of business
of the Person receiving such Exchange Notes, whether or not such recipient is
such Holder itself; (ii) at the time of the commencement or consummation of the
Exchange Offer neither such Holder nor, to the actual knowledge of such Holder,
any other Person receiving Exchange Notes from such Holder has an arrangement or
understanding with any Person to participate in the "distribution" (within the
meaning of the Securities Act) of the Exchange Notes in violation of the
provisions of the Securities Act; (iii) neither the Holder nor, to the actual
knowledge of such Holder, any other Person receiving Exchange Notes from such
Holder is an "affiliate" (as defined in Rule 405) of the Company or, if it is an
affiliate of the Company, it will comply with the registration and prospectus
delivery requirements of the Securities Act to the extent applicable and will
provide information to be included in the Shelf Registration Statement in
accordance with Section 5 hereof in order to have their Notes included in the
Shelf Registration Statement and benefit from the provisions regarding
Additional Interest in Section 4 hereof; (iv) neither such Holder nor, to the
actual knowledge of such Holder, any other Person receiving Exchange Notes from
such Holder is engaging in or intends to engage in a distribution of the
Exchange Notes; and (v) if such Holder is a Participating Broker-Dealer, such
Holder has acquired the Registrable Notes as a result of market-making
activities or other trading activities and that it will comply with the
applicable provisions of the Securities Act (including, but not limited to, the
prospectus delivery requirements thereunder) in connection with any resale of
the Exchange Notes.

         Upon consummation of the Exchange Offer in accordance with this Section
2, the provisions of this Agreement shall continue to apply, mutatis mutandis,
solely with respect to Registrable Notes that are Private Exchange Notes,
Exchange Notes as to which Section 2(c)(iv) is applicable and Exchange Notes
held by Participating Broker-Dealers, and the Company shall have no further
obligation to register Registrable Notes (other than Private Exchange Notes and
Exchange Notes as to which clause 2(c)(iv) hereof applies) pursuant to Section 3
hereof.

         No securities other than the Exchange Notes shall be included in the
Exchange Offer Registration Statement.

         (b) The Issuers shall include within the Prospectus contained in the
Exchange Offer Registration Statement a section entitled "Plan of Distribution,"
reasonably acceptable to the Initial Purchasers, which shall contain a summary
statement of the positions taken or policies made by the staff of the SEC with
respect to the potential "underwriter" status of any broker-dealer that is the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act) of Exchange
Notes received by such broker-dealer in the Exchange Offer (a
<PAGE>
                                      -7-

"Participating Broker-Dealer"), whether such positions or policies have been
publicly disseminated by the staff of the SEC or such positions or policies
represent the prevailing views of the staff of the SEC. Such "Plan of
Distribution" section shall also expressly permit, to the extent permitted by
applicable policies and regulations of the SEC, the use of the Prospectus by all
Persons subject to the prospectus delivery requirements of the Securities Act,
including, to the extent permitted by applicable policies and regulations of the
SEC, all Participating Broker-Dealers, and include a statement describing the
means by which Participating Broker-Dealers may resell the Exchange Notes in
compliance with the Securities Act.

                  The Issuers shall use their respective reasonable best efforts
to keep the Exchange Offer Registration Statement effective and to amend and
supplement the Prospectus contained therein in order to permit such Prospectus
to be lawfully delivered by all Persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as is necessary to
comply with applicable law in connection with any resale of the Exchange Notes;
provided, however, that such period shall not be required to exceed 90 days or
such longer period if extended pursuant to the last paragraph of Section 5
hereof (the "Applicable Period").

                  If, prior to consummation of the Exchange Offer, the Initial
Purchasers hold any Notes acquired by them that have the status of an unsold
allotment in the initial distribution, the Issuers, upon the request of the
Initial Purchasers, shall simultaneously with the delivery of the Exchange Notes
issue and deliver to the Initial Purchasers, in exchange (the "Private
Exchange") for such Notes held by any such Holder, a like principal amount of
notes (the "Private Exchange Notes") of the Company, guaranteed by the
Guarantors, that are identical in all material respects to the Exchange Notes
except for the placement of a restrictive legend on such Private Exchange Notes.
The Private Exchange Notes shall be issued pursuant to the same indenture as the
Exchange Notes and bear the same CUSIP number as the Exchange Notes if permitted
by the CUSIP Service Bureau.

                  In connection with the Exchange Offer, the Issuers shall:

                  (1) mail, or cause to be mailed, to each Holder of record
         entitled to participate in the Exchange Offer a copy of the Prospectus
         forming part of the Exchange Offer Registration Statement, together
         with an appropriate letter of transmittal and related documents;

                  (2) use their respective reasonable best efforts to keep the
         Exchange Offer open for not less than 30 days after the date that
         notice of the Exchange Offer is mailed to Holders (or longer if
         required by applicable law);

                  (3) utilize the services of a depositary for the Exchange
         Offer with an address in the Borough of Manhattan, The City of New
         York;
<PAGE>
                                      -8-

                  (4) permit Holders to withdraw tendered Notes at any time
         prior to the close of business, New York time, on the last Business Day
         on which the Exchange Offer remains open; and

                  (5) otherwise comply in all material respects with all
         applicable laws, rules and regulations.

                  As soon as practicable after the close of the Exchange Offer
and the Private Exchange, if any, the Issuers shall:

                  (1) accept for exchange all Registrable Notes validly tendered
         and not validly withdrawn pursuant to the Exchange Offer and the
         Private Exchange, if any;

                  (2) deliver to the Trustee for cancellation all Registrable
         Notes so accepted for exchange; and

                  (3) cause the Trustee to authenticate and deliver promptly to
         each Holder of Notes, Exchange Notes or Private Exchange Notes, as the
         case may be, equal in principal amount to the Notes of such Holder so
         accepted for exchange; provided that, in the case of any Notes held in
         global form by a depositary, authentication and delivery to such
         depositary of one or more replacement Notes in global form in an
         equivalent principal amount thereto for the account of such Holders in
         accordance with the Indenture shall satisfy such authentication and
         delivery requirement.

                  The Exchange Offer and the Private Exchange shall not be
subject to any conditions, other than that (i) the Exchange Offer or Private
Exchange, as the case may be, does not violate applicable law or any applicable
interpretation of the staff of the SEC; (ii) no action or proceeding shall have
been instituted or threatened in any court or by any governmental agency which
might materially impair the ability of the Issuers to proceed with the Exchange
Offer or the Private Exchange, and no material adverse development shall have
occurred in any existing action or proceeding with respect to the Issuers; and
(iii) all governmental approvals shall have been obtained, which approvals the
Issuers deem necessary for the consummation of the Exchange Offer or Private
Exchange.

                  The Exchange Notes and the Private Exchange Notes shall be
issued under (i) the Indenture or (ii) an indenture identical in all material
respects to the Indenture, with such changes as are necessary to comply with any
requirements of the SEC to effect or maintain the qualification thereof under
the TIA, and which, in either case, has been qualified under the TIA or is
exempt from such qualification and shall provide that the Exchange Notes shall
not be subject to the transfer restrictions set forth in the Indenture. The
Indenture or such indenture shall provide that the Exchange Notes, the Private
Exchange Notes and the Notes shall vote and consent together on all matters as
one class and that none of the Exchange
<PAGE>
                                      -9-

Notes, the Private Exchange Notes or the Notes will have the right to vote or
consent as a separate class on any matter.

                  (c) If, (i) because of any change in law or in currently
prevailing interpretations of the staff of the SEC, the Issuers are not
permitted to effect the Exchange Offer, (ii) the Exchange Offer is not
consummated within 210 days of the Issue Date; provided, however, that if such
210th day would otherwise fall on a day that is not a Business Day, then such
Exchange Offer must be consummated not later than the next succeeding Business
Day, (iii) the Initial Purchasers or any other holder of Private Exchange Notes
so requests in writing to the Company at any time after the consummation of the
Exchange Offer, or (iv) in the case of any Holder that participates in the
Exchange Offer, such Holder does not receive Exchange Notes on the date of the
exchange that may be sold without restriction under state and federal securities
laws (other than due solely to the status of such Holder as an affiliate of the
Company within the meaning of the Securities Act) and so notifies the Company
within 60 days after the consummation of the Exchange Offer, in the case of each
of clauses (i) to and including (iv) of this sentence, then the Issuers shall
promptly deliver to the Holders and the Trustee written notice thereof (the
"Shelf Notice") and shall file a Shelf Registration pursuant to Section 3
hereof.

         3.       Shelf Registration

                  If at any time a Shelf Notice is delivered as contemplated by
Section 2(c) hereof, then:

                  (a) Shelf Registration. The Issuers shall as promptly as
         practicable file with the SEC a Registration Statement for an offering
         to be made on a continuous basis pursuant to Rule 415 covering all of
         the Registrable Notes (the "Initial Shelf Registration"). The Issuers
         shall use their respective reasonable best efforts to file with the SEC
         the Initial Shelf Registration on or prior to the applicable Filing
         Date. The Initial Shelf Registration shall be on Form S-1 or another
         appropriate form (as reasonably determined by the Issuers) permitting
         registration of such Registrable Notes for resale by Holders in the
         manner or manners designated by them (including, without limitation,
         one or more underwritten offerings). The Issuers shall not permit any
         securities other than the Registrable Notes to be included in the
         Initial Shelf Registration or any Subsequent Shelf Registration (as
         defined below).

                  The Issuers shall use their respective reasonable best efforts
         to cause the Shelf Registration to be declared effective under the
         Securities Act on or prior to the Effectiveness Date and to keep the
         Initial Shelf Registration continuously effective under the Securities
         Act until the date that is two years from the Issue Date or such
         shorter period ending when all Registrable Notes covered by the Initial
         Shelf Registration have been sold in the manner set forth and as
         contemplated in the Initial Shelf Regis-

<PAGE>
                                      -10-

         tration or, if applicable, a Subsequent Shelf Registration (the
         "Effectiveness Period"); provided, however, that the Effectiveness
         Period in respect of the Initial Shelf Registration shall be extended
         to the extent required to permit dealers to comply with the applicable
         prospectus delivery requirements of Rule 174 under the Securities Act
         and as otherwise provided herein and shall be subject to reduction to
         the extent that the applicable provisions of Rule 144(k) are amended or
         revised to reduce the two year holding period set forth therein.
         Notwithstanding anything to the contrary in this Agreement, at any
         time, the Company may delay the filing of any Initial Shelf
         Registration Statement or delay or suspend the effectiveness thereof,
         for a reasonable period of time, but not in excess of an aggregate of
         60 days in any calendar year (a "Shelf Suspension Period"), if the
         Board of Directors of the Company determines reasonably and in good
         faith that the filing of any such Initial Shelf Registration Statement
         or the continuing effectiveness thereof would require the disclosure of
         non-public material information that, in the reasonable judgment of the
         Board of Directors of the Company, would be detrimental to the Company
         if so disclosed or would otherwise materially adversely affect a
         financing, acquisition, disposition, merger or other material
         transaction.

                  (b) Withdrawal of Stop Orders; Subsequent Shelf Registrations.
         If the Initial Shelf Registration or any Subsequent Shelf Registration
         ceases to be effective for any reason at any time during the
         Effectiveness Period (other than because of the sale of all of the
         Notes registered thereunder), the Issuers shall use their respective
         reasonable best efforts to obtain the prompt withdrawal of any order
         suspending the effectiveness thereof, and in any event shall within 30
         days of such cessation of effectiveness amend such Shelf Registration
         Statement in a manner to obtain the withdrawal of the order suspending
         the effectiveness thereof, or file an additional Shelf Registration
         Statement pursuant to Rule 415 covering all of the Registrable Notes
         covered by and not sold under the Initial Shelf Registration or an
         earlier Subsequent Shelf Registration (each, a "Subsequent Shelf
         Registration"). If a Subsequent Shelf Registration is filed, the
         Issuers shall use their respective reasonable best efforts to cause the
         Subsequent Shelf Registration to be declared effective under the
         Securities Act as soon as practicable after such filing and to keep
         such subsequent Shelf Registration continuously effective for a period
         equal to the number of days in the Effectiveness Period less the
         aggregate number of days during which the Initial Shelf Registration or
         any Subsequent Shelf Registration was previously continuously
         effective. As used herein the term "Shelf Registration" means the
         Initial Shelf Registration and any Subsequent Shelf Registration.

                  (c) Supplements and Amendments. The Issuers shall promptly
         supplement and amend the Shelf Registration if required by the rules,
         regulations or instructions applicable to the registration form used
         for such Shelf Registration, if required by the
<PAGE>
                                      -11-

         Securities Act, or if reasonably requested by the Holders of a majority
         in aggregate principal amount of the Registrable Notes (or their
         counsel) covered by such Registration Statement with respect to the
         information included therein with respect to one or more of such
         Holders, or by any underwriter of such Registrable Notes with respect
         to the information included therein with respect to such underwriter.

         4.       Additional Interest

                  (a) The Issuers and the Initial Purchasers agree that the
Holders will suffer damages if the Issuers fail to fulfill their obligations
under Section 2 or Section 3 hereof and that it would not be feasible to
ascertain the extent of such damages with precision. Accordingly, the Issuers
agree to pay, jointly and severally, as liquidated damages, additional interest
on the Notes ("Additional Interest") under the circumstances and to the extent
set forth below (each of which shall be given independent effect):

                  (i) if (A) neither the Exchange Offer Registration Statement
         nor the Initial Shelf Registration has been filed on or prior to the
         Filing Date applicable thereto or (B) notwithstanding that the Issuers
         have consummated or will consummate the Exchange Offer, the Issuers are
         required to file a Shelf Registration and such Shelf Registration is
         not filed on or prior to the Filing Date applicable thereto, then,
         commencing on the day after any such Filing Date, Additional Interest
         shall accrue on the principal amount of the Notes at a rate of 0.50%
         per annum for the first 90 days immediately following such applicable
         Filing Date, and such Additional Interest rate shall increase by an
         additional 0.50% per annum at the beginning of the immediately
         following 90-day period; or

                  (ii) if (A) neither the Exchange Offer Registration Statement
         nor the Initial Shelf Registration is declared effective by the SEC on
         or prior to the Effectiveness Date applicable thereto or (B)
         notwithstanding that the Issuers have consummated or will consummate
         the Exchange Offer, the Issuers are required to file a Shelf
         Registration and such Shelf Registration is not declared effective by
         the SEC on or prior to the Effectiveness Date applicable to such Shelf
         Registration, then, commencing on the day after such Effectiveness
         Date, Additional Interest shall accrue on the principal amount of the
         Notes at a rate of 0.50% per annum for the first 90 days immediately
         following the day after such Effectiveness Date, and such Additional
         Interest rate shall increase by an additional 0.50% per annum at the
         beginning of the immediately following 90-day period; or

                  (iii) if (A) the Issuers have not exchanged Exchange Notes for
         all Notes validly tendered in accordance with the terms of the Exchange
         Offer on or prior to the 210th day after the Issue Date; provided,
         however, that if such 210th day would otherwise fall on a day that is
         not a Business Day, then such Exchange Offer must be con-
<PAGE>
                                      -12-

         summated not later than the next succeeding Business Day' or (B) if
         applicable, a Shelf Registration has been declared effective and such
         Shelf Registration ceases to be effective at any time during the
         Effectiveness Period, then Additional Interest shall accrue on the
         principal amount of the Notes at a rate of 0.50% per annum for the
         first 90 days commencing on the (x) 211th day after the Issue Date, in
         the case of (A) above, or (y) the day such Shelf Registration ceases to
         be effective in the case of (B) above, and such Additional Interest
         rate shall increase by an additional 0.50% per annum at the beginning
         of the immediately following 90-day period;

provided, however, that the Additional Interest rate on the Notes may not accrue
under more than one of the foregoing clauses (i) - (iii) at any one time and at
no time shall the aggregate amount of Additional Interest accruing exceed in the
aggregate 1.0% per annum; provided, further, however, that (1) upon the filing
of the applicable Exchange Offer Registration Statement or the applicable Shelf
Registration as required hereunder (in the case of clause (i) above of this
Section 4), (2) upon the effectiveness of the Exchange Offer Registration
Statement or the applicable Shelf Registration Statement as required hereunder
(in the case of clause (ii) of this Section 4), or (3) upon the exchange of the
Exchange Notes for all Notes tendered (in the case of clause (iii)(A) of this
Section 4), or upon the effectiveness of the applicable Shelf Registration
Statement which had ceased to remain effective (in the case of (iii)(B) of this
Section 4), Additional Interest on the Notes in respect of which such events
relate as a result of such clause (or the relevant subclause thereof), as the
case may be, shall cease to accrue. Notwithstanding any other provision of this
Section 4, the Issuer shall not be obligated to pay Additional Interest provided
in Sections 4(a)(i)(B), 4(a)(ii)(B) or 4(a)(iii)(B) during a Shelf Suspension
Period permitted by Section 3(a) hereof.

                  (b) The Issuers shall notify the Trustee within one Business
Day after each and every date on which an event occurs in respect of which
Additional Interest is required to be paid (an "Event Date"). Any amounts of
Additional Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of this Section
4 will be payable in cash semiannually on each June 15 and December 15 (to the
holders of record on the June 1 and December 1 immediately preceding such
dates), commencing with the first such date occurring after any such Additional
Interest commences to accrue. The amount of Additional Interest will be
determined by multiplying the applicable Additional Interest rate by the
principal amount of the Registrable Notes, multiplied by a fraction, the
numerator of which is the number of days such Additional Interest rate was
applicable during such period (determined on the basis of a 360 day year
comprised of twelve 30 day months and, in the case of a partial month, the
actual number of days elapsed), and the denominator of which is 360.
<PAGE>
                                      -13-

         5.       Registration Procedures

                  In connection with the filing of any Registration Statement
pursuant to Section 2 or 3 hereof, the Issuers shall effect such registrations
to permit the sale of the securities covered thereby in accordance with the
intended method or methods of disposition thereof, and pursuant thereto and in
connection with any Registration Statement filed by the Company hereunder each
of the Issuers shall:

                  (a) Prepare and file with the SEC prior to the applicable
         Filing Date a Registration Statement or Registration Statements as
         prescribed by Section 2 or 3 hereof, and use their respective
         reasonable best efforts to cause each such Registration Statement to
         become effective and remain effective as provided herein; provided,
         however, that if (1) such filing is pursuant to Section 3 hereof or (2)
         a Prospectus contained in the Exchange Offer Registration Statement
         filed pursuant to Section 2 hereof is required to be delivered under
         the Securities Act by any Participating Broker-Dealer who seeks to sell
         Exchange Notes during the Applicable Period relating thereto from whom
         the Company has received prior written notice that it will be a
         Participating Broker-Dealer in the Exchange Offer, before filing any
         Registration Statement or Prospectus or any amendments or supplements
         thereto, the Issuers shall furnish to and afford the Holders of the
         Registrable Notes covered by such Registration Statement (with respect
         to a Registration Statement filed pursuant to Section 3 hereof) or each
         such Participating Broker-Dealer (with respect to any such Registration
         Statement), as the case may be, their counsel and the managing
         underwriters, if any, a reasonable opportunity to review copies of all
         such documents (including copies of any documents to be incorporated by
         reference therein and all exhibits thereto) proposed to be filed (in
         each case at least five business days prior to such filing). The
         Issuers shall not file any Registration Statement or Prospectus or any
         amendments or supplements thereto if the Holders of a majority in
         aggregate principal amount of the Registrable Notes covered by such
         Registration Statement, their counsel, or the managing underwriters, if
         any, shall reasonably object on a timely basis.

                  (b) Prepare and file with the SEC such amendments and
         post-effective amendments to each Shelf Registration Statement or
         Exchange Offer Registration Statement, as the case may be, as may be
         necessary to keep such Registration Statement continuously effective
         for the Effectiveness Period, the Applicable Period or until
         consummation of the Exchange Offer, as the case may be; cause the
         related Prospectus to be supplemented by any Prospectus supplement
         required by applicable law, and as so supplemented to be filed pursuant
         to Rule 424; and comply in all material respects with the provisions of
         the Securities Act and the Exchange Act applicable to it with respect
         to the disposition of all securities covered by such Registration
         Statement as so amended or in such Prospectus as so supplemented and
         with respect to the sub-
<PAGE>
                                      -14-

         sequent resale of any securities being sold by an Participating
         Broker-Dealer covered by any such Prospectus. The Company shall be
         deemed not to have used its reasonable best efforts to keep a
         Registration Statement effective if the Company voluntarily takes any
         action that would result in selling Holders of the Registrable Notes
         covered thereby or Participating Broker-Dealers seeking to sell
         Exchange Notes not being able to sell such Registrable Notes or such
         Exchange Notes during that period unless such action is required by
         applicable law or permitted by this Agreement.

                  (c) If (1) a Shelf Registration is filed pursuant to Section 3
         hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Notes during the Applicable
         Period relating thereto from whom the Company has received written
         notice that it will be a Participating Broker-Dealer in the Exchange
         Offer, notify the selling Holders of Registrable Notes (with respect to
         a Registration Statement filed pursuant to Section 3 hereof), or each
         such Participating Broker-Dealer (with respect to any such Registration
         Statement), as the case may be, their counsel and the managing
         underwriters, if any, as promptly as possible, and, if requested by any
         such Person, confirm such notice in writing, (i) when a Prospectus or
         any Prospectus supplement or post-effective amendment has been filed,
         and, with respect to a Registration Statement or any post-effective
         amendment, when the same has become effective under the Securities Act
         (including in such notice a written statement that any Holder may, upon
         request, obtain, at the sole expense of the Company, one conformed copy
         of such Registration Statement or post-effective amendment including
         financial statements and schedules, documents incorporated or deemed to
         be incorporated by reference and exhibits), (ii) of the issuance by the
         SEC of any stop order suspending the effectiveness of a Registration
         Statement or of any order preventing or suspending the use of any
         preliminary prospectus or the initiation of any proceedings for that
         purpose, (iii) if at any time when a prospectus is required by the
         Securities Act to be delivered in connection with sales of the
         Registrable Notes or resales of Exchange Notes by Participating
         Broker-Dealers the representations and warranties of the Issuers
         contained in any agreement (including any underwriting agreement)
         contemplated by Section 5(n) hereof cease to be true and correct in all
         material respects, (iv) of the receipt by any Issuer of any
         notification with respect to the suspension of the qualification or
         exemption from qualification of a Registration Statement or any of the
         Registrable Notes or the Exchange Notes to be sold by any Participating
         Broker-Dealer for offer or sale in any jurisdiction, or the initiation
         or threatening of any proceeding for such purpose, (v) of the happening
         of any event, the existence of any condition or any information
         becoming known that makes any statement made in such Registration
         Statement or related Prospectus or any document incorporated or deemed
         to be incorporated therein by reference untrue in any material respect
         or that requires the making of any changes in or
<PAGE>
                                      -15-

         amendments or supplements to such Registration Statement, Prospectus or
         documents so that, in the case of the Registration Statement, it will
         not contain any untrue statement of a material fact or omit to state
         any material fact required to be stated therein or necessary to make
         the statements therein not misleading, and that in the case of the
         Prospectus, it will not contain any untrue statement of a material fact
         or omit to state any material fact required to be stated therein or
         necessary to make the statements therein, in the light of the
         circumstances under which they were made, not misleading, and (vi) of
         the Issuers' determination that a post-effective amendment to a
         Registration Statement would be appropriate.

                  (d) Use their respective reasonable best efforts to prevent
         the issuance of any order suspending the effectiveness of a
         Registration Statement or of any order preventing or suspending the use
         of a Prospectus or suspending the qualification (or exemption from
         qualification) of any of the Registrable Notes or the Exchange Notes to
         be sold by any Participating Broker-Dealer, for sale in any
         jurisdiction, and, if any such order is issued, to use their respective
         reasonable best efforts to obtain the withdrawal of any such order at
         the earliest practicable moment.

                  (e) If a Shelf Registration is filed pursuant to Section 3 and
         if requested during the Effectiveness Period by the managing
         underwriter or underwriters (if any), the Holders of a majority in
         aggregate principal amount of the Registrable Notes being sold in
         connection with an underwritten offering or any Participating
         Broker-Dealer, (i) as promptly as practicable incorporate in a
         prospectus supplement or post-effective amendment such information as
         the managing underwriter or underwriters (if any), such Holders, any
         Participating Broker-Dealer or counsel for any of them reasonably
         request to be included therein, (ii) make all required filings of such
         prospectus supplement or such post-effective amendment as soon as
         practicable after the Company has received notification of the matters
         to be incorporated in such prospectus supplement or post-effective
         amendment, and (iii) supplement or make amendments to such Registration
         Statement; provided, however, that the Issuers shall not be required to
         take any action hereunder that would, in the opinion of counsel to the
         Issuers, violate applicable laws.

                  (f) If (1) a Shelf Registration is filed pursuant to Section 3
         hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Notes during the Applicable
         Period, furnish to each selling Holder of Registrable Notes (with
         respect to a Registration Statement filed pursuant to Section 3 hereof)
         and to each such Participating Broker-Dealer who so requests (with
         respect to any such Registration Statement) and to their respective
         counsel and each managing underwriter, if any, at the sole expense of
         the
<PAGE>
                                      -16-

         Company, one conformed copy of the Registration Statement or
         Registration Statements and each post-effective amendment thereto,
         including financial statements and schedules, and, if requested, all
         documents incorporated or deemed to be incorporated therein by
         reference and all exhibits.

                  (g) If (1) a Shelf Registration is filed pursuant to Section 3
         hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Notes during the Applicable
         Period, deliver to each selling Holder of Registrable Notes (with
         respect to a Registration Statement filed pursuant to Section 3
         hereof), or each such Participating Broker-Dealer (with respect to any
         such Registration Statement), as the case may be, their respective
         counsel, and the underwriters, if any, at the sole expense of the
         Company, as many copies of the Prospectus or Prospectuses (including
         each form of preliminary prospectus) and each amendment or supplement
         thereto and any documents incorporated by reference therein as such
         Persons may reasonably request; and, subject to the last paragraph of
         this Section 5, the Issuers hereby consent to the use (other than
         during any Shelf Suspension Period) of such Prospectus and each
         amendment or supplement thereto by each of the selling Holders of
         Registrable Notes or each such Participating Broker-Dealer, as the case
         may be, and the underwriters or agents, if any, and dealers, if any, in
         connection with the offering and sale of the Registrable Notes covered
         by, or the sale by Participating Broker-Dealers of the Exchange Notes
         pursuant to, such Prospectus and any amendment or supplement thereto.

                  (h) Prior to any public offering of Registrable Notes or any
         delivery of a Prospectus contained in the Exchange Offer Registration
         Statement by any Participating Broker-Dealer who seeks to sell Exchange
         Notes during the Applicable Period, use their respective reasonable
         best efforts to register or qualify, and to cooperate with the selling
         Holders of Registrable Notes or each such Participating Broker-Dealer,
         as the case may be, the managing underwriter or underwriters, if any,
         and their respective counsel in connection with the registration or
         qualification (or exemption from such registration or qualification) of
         such Registrable Notes for offer and sale under the securities or Blue
         Sky laws of such jurisdictions within the United States as any selling
         Holder, Participating Broker-Dealer, or the managing underwriter or
         underwriters reasonably request in writing; provided, however, that
         where Exchange Notes held by Participating Broker-Dealers or
         Registrable Notes are offered other than through an underwritten
         offering, the Issuers agree to cause their counsel to perform Blue Sky
         investigations and file registrations and qualifications required to be
         filed pursuant to this Section 5(h), keep each such registration or
         qualification (or exemption therefrom) effective during the period such
         Registration Statement is required to be kept effective and do any and
         all other acts or things reasonably necessary or advisable to enable
         the
<PAGE>
                                      -17-

         disposition in such jurisdictions of the Exchange Notes held by
         Participating Broker-Dealers or the Registrable Notes covered by the
         applicable Registration Statement; provided, however, that no Issuer
         shall be required to (A) qualify generally to do business in any
         jurisdiction where it is not then so qualified, (B) take any action
         that would subject it to general service of process in any such
         jurisdiction where it is not then so subject or (C) subject itself to
         taxation in excess of a nominal dollar amount in any such jurisdiction
         where it is not then so subject.

                  (i) If a Shelf Registration is filed pursuant to Section 3
         hereof, cooperate with the selling Holders of Registrable Notes and the
         managing underwriter or underwriters, if any, to facilitate the timely
         preparation and delivery of certificates representing Registrable Notes
         to be sold, which certificates shall not bear any restrictive legends
         and shall be in a form eligible for deposit with The Depository Trust
         Company; and enable such Registrable Notes to be in such denominations
         (subject to applicable requirements contained in the Indenture) and
         registered in such names as the managing underwriter or underwriters,
         if any, or Holders may request.

                  (j) Use their respective reasonable best efforts to cause the
         Registrable Notes covered by the Registration Statement to be
         registered with or approved by such other governmental agencies or
         authorities as may be necessary to enable the seller or sellers thereof
         or the underwriter or underwriters, if any, to consummate the
         disposition of such Registrable Notes, except as may be required solely
         as a consequence of the nature of such selling Holder's business, in
         which case the Issuers will cooperate in all reasonable respects with
         the filing of such Registration Statement and the granting of such
         approvals.

                  (k) If (1) a Shelf Registration is filed pursuant to Section 3
         hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Notes during the Applicable
         Period, upon the occurrence of any event contemplated by paragraph
         5(c)(v) or 5(c)(vi) hereof, as promptly as practicable prepare and
         (subject to Section 5(a) hereof) file with the SEC, at the sole expense
         of the Company, a supplement or post-effective amendment to the
         Registration Statement or a supplement to the related Prospectus or any
         document incorporated or deemed to be incorporated therein by
         reference, or file any other required document so that, as thereafter
         delivered to the purchasers of the Registrable Notes being sold
         thereunder (with respect to a Registration Statement filed pursuant to
         Section 3 hereof) or to the purchasers of the Exchange Notes to whom
         such Prospectus will be delivered by a Participating Broker-Dealer
         (with respect to any such Registration Statement), any such Prospectus
         will not contain an untrue statement of a material fact or omit to
         state a material fact required to be stated therein or necessary to
         make
<PAGE>
                                      -18-

         the statements therein, in the light of the circumstances under which
         they were made, not misleading.

                  (l) Use their respective reasonable best efforts to cause the
         Registrable Notes covered by a Registration Statement or the Exchange
         Notes, as the case may be, to be rated with the appropriate rating
         agencies, if so requested by the Holders of a majority in aggregate
         principal amount of Registrable Notes covered by such Registration
         Statement or the Exchange Notes, as the case may be, or the managing
         underwriter or underwriters, if any.

                  (m) Prior to the effective date of the first Registration
         Statement relating to the Registrable Notes, (i) provide the Trustee
         with certificates for the Registrable Notes in a form eligible for
         deposit with The Depository Trust Company and (ii) provide a CUSIP
         number for the Registrable Notes.

                  (n) In connection with any underwritten offering of
         Registrable Notes pursuant to a Shelf Registration, enter into an
         underwriting agreement as is customary in underwritten offerings of
         debt securities similar to the Notes, and take all such other actions
         as are reasonably requested by the managing underwriter or underwriters
         in order to expedite or facilitate the registration or the disposition
         of such Registrable Notes and, in such connection, (i) make such
         representations and warranties to, and covenants with, the underwriters
         with respect to the business of the Issuers (including any acquired
         business, properties or entity, if applicable), and the Registration
         Statement, Prospectus and documents, if any, incorporated or deemed to
         be incorporated by reference therein, in each case, as are customarily
         made by issuers to underwriters in underwritten offerings of debt
         securities similar to the Notes, and confirm the same in writing if and
         when requested; (ii) obtain the written opinions of counsel to the
         Issuers, and written updates thereof in form, scope and substance
         reasonably satisfactory to the managing underwriter or underwriters,
         addressed to the underwriters covering the matters customarily covered
         in opinions reasonably requested in underwritten offerings; (iii)
         obtain "cold comfort" letters and updates thereof in form, scope and
         substance reasonably satisfactory to the managing underwriter or
         underwriters from the independent certified public accountants of the
         Issuers (and, if necessary, any other independent certified public
         accountants of the Issuers, or of any business acquired by the Issuers,
         for which financial statements and financial data are, or are required
         to be, included or incorporated by reference in the Registration
         Statement), addressed to each of the underwriters, such letters to be
         in customary form and covering matters of the type customarily covered
         in "cold comfort" letters in connection with underwritten offerings of
         debt securities similar to the Notes; and (iv) if an underwriting
         agreement is entered into, the same shall contain indemnification
         provisions and procedures no less favorable to the sellers and
         underwriters, if any, than those set forth in Section 7 hereof
<PAGE>
                                      -19-

         (or such other provisions and procedures reasonably acceptable to
         Holders of a majority in aggregate principal amount of Registrable
         Notes covered by such Registration Statement and the managing
         underwriter or underwriters or agents, if any). The above shall be done
         at each closing under such underwriting agreement, or as and to the
         extent required thereunder.

                  (o) If (1) a Shelf Registration is filed pursuant to Section 3
         hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Notes during the Applicable
         Period, make available for inspection by any Initial Purchaser, any
         selling Holder of such Registrable Notes being sold (with respect to a
         Registration Statement filed pursuant to Section 3 hereof), or each
         such Participating Broker-Dealer, as the case may be, any underwriter
         participating in any such disposition of Registrable Notes, if any, and
         any attorney, accountant or other agent retained by any such selling
         Holder or each such Participating Broker-Dealer (with respect to any
         such Registration Statement), as the case may be, or underwriter (any
         such Initial Purchasers, Holders, Participating Broker-Dealers,
         underwriters, attorneys, accountants or agents, collectively, the
         "Inspectors"), upon written request, at the offices where normally
         kept, during reasonable business hours, all pertinent financial and
         other records, pertinent corporate documents and instruments of the
         Company and subsidiaries of the Company (collectively, the "Records"),
         as shall be reasonably necessary to enable them to exercise any
         applicable due diligence responsibilities, and cause the officers,
         directors and employees of the Company and any of its subsidiaries to
         supply all information ("Information") reasonably requested by any such
         Inspector in connection with such due diligence responsibilities. Each
         Inspector shall agree in writing that it will keep the Records and
         Information confidential and that it will not disclose any of the
         Records or Information that the Company determines, in good faith, to
         be confidential and notifies the Inspectors in writing are confidential
         unless (i) the disclosure of such Records or Information is necessary
         to avoid or correct a misstatement or omission in such Registration
         Statement or Prospectus, (ii) the release of such Records or
         Information is ordered pursuant to a subpoena or other order from a
         court of competent jurisdiction, (iii) disclosure of such Records or
         Information is necessary or advisable, in the opinion of counsel for
         any Inspector, in connection with any action, claim, suit or
         proceeding, directly or indirectly, involving or potentially involving
         such Inspector and arising out of, based upon, relating to, or
         involving this Agreement or the Purchase Agreement, or any transactions
         contemplated hereby or thereby or arising hereunder or thereunder, or
         (iv) the information in such Records or Information has been made
         generally available to the public other than by an Inspector or an
         "affiliate" (as defined in Rule 405) thereof; provided, however, that
         prior notice shall be provided as soon as practicable to the Company of
         the potential disclosure of any information by such Inspector pursuant
         to
<PAGE>
                                      -20-

         clauses (i) or (ii) of this sentence to permit the Company to obtain a
         protective order (or waive the provisions of this paragraph (o)) and
         that such Inspector shall take such actions as are reasonably necessary
         to protect the confidentiality of such information (if practicable) to
         the extent such action is otherwise not inconsistent with, an
         impairment of or in derogation of the rights and interests of the
         Holder or any Inspector.

                  (p) Provide an indenture trustee for the Registrable Notes or
         the Exchange Notes, as the case may be, and cause the Indenture or the
         trust indenture provided for in Section 2(a) hereof, as the case may
         be, to be qualified under the TIA not later than the effective date of
         the first Registration Statement relating to the Registrable Notes; and
         in connection therewith, cooperate with the trustee under any such
         indenture and the Holders of the Registrable Notes, to effect such
         changes (if any) to such indenture as may be required for such
         indenture to be so qualified in accordance with the terms of the TIA;
         and execute, and use their respective reasonable best efforts to cause
         such trustee to execute, all documents as may be required to effect
         such changes, and all other forms and documents required to be filed
         with the SEC to enable such indenture to be so qualified in a timely
         manner.

                  (q) Comply in all material respects with all applicable rules
         and regulations of the SEC and make generally available to its
         securityholders with regard to any applicable Registration Statement, a
         consolidated earning statement satisfying the provisions of Section
         11(a) of the Securities Act and Rule 158 thereunder (or any similar
         rule promulgated under the Securities Act) no later than 45 days after
         the end of any fiscal quarter (or 90 days after the end of any 12-month
         period if such period is a fiscal year) (i) commencing at the end of
         any fiscal quarter in which Registrable Notes are sold to underwriters
         in a firm commitment or best efforts underwritten offering and (ii) if
         not sold to underwriters in such an offering, commencing on the first
         day of the first fiscal quarter of the Company, after the effective
         date of a Registration Statement, which statements shall cover said
         12-month periods.

                  (r) Upon consummation of the Exchange Offer or a Private
         Exchange, if requested by the Holders of a majority in principal amount
         of the Notes, obtain an opinion of counsel to the Issuers, in a form
         customary for underwritten transactions, addressed to the Trustee for
         the benefit of all Holders of Registrable Notes participating in the
         Exchange Offer or the Private Exchange, as the case may be, that the
         Exchange Notes or Private Exchange Notes, as the case may be, the
         related guarantee and the related indenture constitute legal, valid and
         binding obligations of the Issuers, enforceable against the Issuers in
         accordance with their respective terms, subject to customary exceptions
         and qualifications. If the Exchange Offer or a Private Exchange is to
         be consummated, upon delivery of the Registrable Notes by Holders to
         the Company (or to such other Person as directed by the Company), in
         exchange for the Exchange Notes
<PAGE>
                                      -21-

         or the Private Exchange Notes, as the case may be, the Issuers shall
         mark, or cause to be marked, on such Registrable Notes that such
         Registrable Notes are being cancelled in exchange for the Exchange
         Notes or the Private Exchange Notes, as the case may be; in no event
         shall such Registrable Notes be marked as paid or otherwise satisfied.

                  (s) Cooperate with each seller of Registrable Notes covered by
         any Registration Statement and each underwriter, if any, participating
         in the disposition of such Registrable Notes and their respective
         counsel in connection with any filings required to be made with the
         National Association of Securities Dealers, Inc. (the "NASD").

                  (t) Use their respective reasonable best efforts to take all
         other steps necessary to effect the registration of the Exchange Notes
         and/or Registrable Notes covered by a Registration Statement
         contemplated hereby.

                  The Company may require each seller of Registrable Notes as to
which any registration is being effected to furnish to the Company such
information regarding such seller and the distribution of such Registrable Notes
as the Company may, from time to time, reasonably request. The Company may
exclude from such registration the Registrable Notes of any seller so long as
such seller fails to furnish such information within a reasonable time after
receiving such request and the failure to include any such seller shall not be
deemed to be a default hereunder. Each seller as to which any Shelf Registration
is being effected agrees to furnish promptly to the Company all information
required to be disclosed in order to make the information previously furnished
to the Company by such seller not materially misleading.

                  If any such Registration Statement refers to any Holder by
name or otherwise as the holder of any securities of any Issuer, then such
Holder shall have the right to require (i) the insertion therein of language, in
form and substance reasonably satisfactory to such Holder, to the effect that
the holding by such Holder of such securities is not to be construed as a
recommendation by such Holder of the investment quality of the securities
covered thereby and that such holding does not imply that such Holder will
assist in meeting any future financial requirements of the Issuers, or (ii) in
the event that such reference to such Holder by name or otherwise is not
required by the Securities Act or any similar federal statute then in force, the
deletion of the reference to such Holder in any amendment or supplement to the
Registration Statement filed or prepared subsequent to the time that such
reference ceases to be required.

                  Each Holder of Registrable Notes and each Participating
Broker-Dealer agrees by its acquisition of such Registrable Notes or Exchange
Notes to be sold by such Participating Broker-Dealer, as the case may be, that,
upon actual receipt of any notice from the Company of a Shelf Suspension Period
or the happening of any event of the kind described in Section 5(c)(ii),
5(c)(iv), 5(c)(v), or 5(c)(vi) hereof, such Holder will forthwith discontinue
disposition of such Registrable Notes covered by such Registration Statement or
Prospectus or Ex-
<PAGE>
                                      -22-

change Notes to be sold by such Holder or Participating Broker-Dealer, as the
case may be, until the end of such Shelf Suspension Period or such Holder's or
Participating Broker-Dealer's receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 5(k) hereof, or until it is advised
in writing (the "Advice") by the Company that the use of the applicable
Prospectus may be resumed, and has received copies of any amendments or
supplements thereto. In the event that the Issuers shall give any such notice,
each of the Applicable Period and the Effectiveness Period shall be extended by
the number of days during such periods from and including the date of the giving
of such notice to and including the date when each seller of Registrable Notes
covered by such Registration Statement or Exchange Notes to be sold by such
Participating Broker-Dealer, as the case may be, shall have received (x) the
copies of the supplemented or amended Prospectus contemplated by Section 5(k)
hereof or (y) the Advice.

         6.       Registration Expenses

                  All fees and expenses incident to the performance of or
compliance with this Agreement by the Issuers shall be borne by the Company,
whether or not the Exchange Offer Registration Statement or any Shelf
Registration Statement is filed or becomes effective or the Exchange Offer is
consummated, including, without limitation, (i) all registration and filing fees
(including, without limitation, (A) fees with respect to filings required to be
made with the NASD in connection with an underwritten offering and (B) fees and
expenses of compliance with state securities or Blue Sky laws (including,
without limitation, reasonable fees and disbursements of counsel in connection
with Blue Sky qualifications of the Registrable Notes or Exchange Notes and
determination of the eligibility of the Registrable Notes or Exchange Notes for
investment under the laws of such jurisdictions (x) where the holders of
Registrable Notes are located, in the case of the Exchange Notes, or (y) as
provided in Section 5(h) hereof, in the case of Registrable Notes or Exchange
Notes to be sold by a Participating Broker-Dealer during the Applicable
Period)), (ii) printing expenses, including, without limitation, expenses of
printing certificates for Registrable Notes or Exchange Notes in a form eligible
for deposit with The Depository Trust Company and of printing prospectuses if
the printing of prospectuses is requested by the managing underwriter or
underwriters, if any, by the Holders of a majority in aggregate principal amount
of the Registrable Notes included in any Registration Statement or in respect of
Registrable Notes or Exchange Notes to be sold by any Participating
Broker-Dealer during the Applicable Period, as the case may be, (iii) messenger,
telephone and delivery expenses, (iv) fees and disbursements of counsel for the
Issuers and, in the case of a Shelf Registration, reasonable fees and
disbursements of one special counsel for all of the sellers of Registrable Notes
(exclusive of any counsel retained pursuant to Section 7 hereof), (v) fees and
disbursements of all independent certified public accountants referred to in
Section 5(n)(iii) hereof (including, without limitation, the expenses of any
"cold comfort" letters required by or incident to such performance), (vi)
Securities Act liability insurance, if the Issuers desire such insurance, (vii)
fees and expenses of all other Persons retained by the
<PAGE>
                                      -23-

Issuers, (viii) internal expenses of the Issuers (including, without limitation,
all salaries and expenses of officers and employees of the Issuers performing
legal or accounting duties), (ix) the expense of any annual audit, (x) any fees
and expenses incurred in connection with the listing of the securities to be
registered on any securities exchange, and the obtaining of a rating of the
securities, in each case, if applicable and (xi) the expenses relating to
printing, word processing and distributing all Registration Statements,
underwriting agreements, indentures and any other documents necessary in order
to comply with this Agreement. Notwithstanding the foregoing or anything to the
contrary in this Agreement, each Holder shall pay all underwriting discounts and
commissions of any underwriters with respect to any Registrable Notes sold by or
on behalf of it.

                  7. Indemnification and Contribution. (a) Each of the Issuers
agree jointly and severally, to indemnify and hold harmless each Holder of
Registrable Notes and each Participating Broker-Dealer selling Exchange Notes
during the Applicable Period, and each Person, if any, who controls such Person
or its affiliates within the meaning of Section 15 of the Act or Section 20 of
the Exchange Act (each, a "Participant") against any losses, claims, damages or
liabilities to which any Participant may become subject under the Securities
Act, the Exchange Act or otherwise, insofar as any such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon:

                  (i) any untrue statement or alleged untrue statement made by
         any Issuer contained in any application or any other document or any
         amendment or supplement thereto executed by any Issuer based upon
         written information furnished by or on behalf of any Issuer filed in
         any jurisdiction in order to qualify the Notes under the securities or
         "Blue Sky" laws thereof or filed with the SEC or any securities
         association or securities exchange (each, an "Application");

                  (ii) any untrue statement or alleged untrue statement of any
         material fact contained in any Registration Statement (or any amendment
         thereto) or Prospectus (as amended or supplemented if any of the
         Issuers shall have furnished any amendments or supplements thereto) or
         any preliminary prospectus; or

                  (iii) the omission or alleged omission to state, in any
         Registration Statement (or any amendment thereto) or Prospectus (as
         amended or supplemented if any of the Issuers shall have furnished any
         amendments or supplements thereto) or any preliminary prospectus or any
         Application or any other document or any amendment or supplement
         thereto, a material fact required to be stated therein or necessary to
         make the statements therein not misleading;

                  and will reimburse, as incurred, the Participant for any legal
or other expenses incurred by the Participant in connection with investigating,
defending against or appearing as a third-party witness in connection with any
such loss, claim, damage, liability or action; pro-
<PAGE>
                                      -24-

vided, however, none of the Issuers will be liable in any such case to the
extent that any such loss, claim, damage, or liability arises out of or is based
upon any untrue statement or alleged untrue statement or omission or alleged
omission made in any Registration Statement (or any amendment thereto) or
Prospectus (as amended or supplemented if any of the Issuers shall have
furnished any amendments or supplements thereto) or any preliminary prospectus
or Application or any amendment or supplement thereto in reliance upon and in
conformity with information relating to any Participant furnished to the Issuers
by such Participant specifically for use therein and provided, further, that
with respect to any untrue statement or omission or alleged untrue statement or
omission made in the prospectus, or any amendment or supplement thereto, or any
preliminary prospectus relating to a Shelf Registration Statement, the indemnity
contained in this Section 7 shall not inure to the benefit of any Participant
from whom the Person asserting any such loss, claim, damage or liability
purchased the Notes concerned to the extent that a prospectus relating to such
Notes was required to be delivered to such Person, and there was not given or
sent to such Person, at or prior to the written confirmation of the sale of such
Notes to such Person, a copy of the final prospectus (in the case of any such
preliminary prospectus) or a prospectus supplement (in any other case) if the
Company had previously furnished copies thereof to such Participant, and such
untrue statement or omission or alleged untrue statement or omission was
corrected in such final prospectus or prospectus amendment or supplement. The
indemnity provided for in this Section 7 will be in addition to any liability
that the Issuers may otherwise have to the indemnified parties. The Issuers
shall not be liable under this Section 7 for any settlement of any claim or
action effected without their prior written consent, which shall not be
unreasonably withheld.

                  (b) Each Participant, severally and not jointly, agrees to
indemnify and hold harmless the Issuers, their directors, their officers and
each person, if any, who controls the Issuers within the meaning of Section 15
of the Act or Section 20 of the Exchange Act against any losses, claims, damages
or liabilities to which the Issuers or any such director, officer or controlling
person may become subject under the Act, the Exchange Act or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof)
arise out of or are based upon (i) any untrue statement or alleged untrue
statement of any material fact contained in any Registration Statement or
Prospectus, any amendment or supplement thereto, or any preliminary prospectus,
or (ii) the omission or the alleged omission to state therein a material fact
necessary to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in
conformity with written information concerning such Participant, furnished to
the Issuers by the Participant, specifically for use therein; and subject to the
limitation set forth immediately preceding this clause, will reimburse, as
incurred, any reasonable legal or other expenses incurred by the Issuers or any
such director, officer or controlling person in connection with investigating or
defending against or appearing as a third party witness in connection with any
such loss, claim, damage, liability or action in respect thereof. The indemnity
provided for in this Section 7 will be in addition to
<PAGE>
                                      -25-

any liability that the Participants may otherwise have to the indemnified
parties. The Participants shall not be liable under this Section 7 for any
settlement of any claim or action effected without their consent, which shall
not be unreasonably withheld. The Issuers shall not, without the prior written
consent of such Participant, effect any settlement or compromise of any pending
or threatened proceeding in respect of which such Participant is or could have
been a party, or indemnity could have been sought hereunder by such Participant,
unless such settlement (A) includes an unconditional written release of such
Participant, in form and substance reasonably satisfactory to such Participant,
from all liability on claims that are the subject matter of such proceeding and
(B) does not include any statement as to an admission of fault, culpability or
failure to act by or on behalf of such Participant.

                  (c) Promptly after receipt by an indemnified party under this
Section 7 of notice of the commencement of any action for which such indemnified
party is entitled to indemnification under this Section 7, such indemnified
party will, if a claim in respect thereof is to be made against the indemnifying
party under this Section 7, notify the indemnifying party of the commencement
thereof in writing; but the omission to so notify the indemnifying party (i)
will not relieve it from any liability under paragraph (a) or (b) above unless
and to the extent such failure results in the forfeiture by the indemnifying
party of substantial rights and defenses and (ii) will not, in any event,
relieve the indemnifying party from any obligations to any indemnified party
other than the indemnification obligation provided in paragraphs (a) and (b)
above. In case any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the indemnifying
party will be entitled to participate therein and, to the extent that it may
wish, jointly with any other indemnifying party similarly notified, to assume
the defense thereof, with counsel reasonably satisfactory to such indemnified
party; provided, however, that if (i) the use of counsel chosen by the
indemnifying party to represent the indemnified party would present such counsel
with a conflict of interest, (ii) the defendants in any such action include both
the indemnified party and the indemnifying party and the indemnified party shall
have been advised by counsel that there may be one or more legal defenses
available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party, or (iii) the
indemnifying party shall not have employed counsel reasonably satisfactory to
the indemnified party to represent the indemnified party within a reasonable
time after receipt by the indemnifying party of notice of the institution of
such action, then, in each such case, the indemnifying party shall not have the
right to direct the defense of such action on behalf of such indemnified party
or parties and such indemnified party or parties shall have the right to select
separate counsel to defend such action on behalf of such indemnified party or
parties. After notice from the indemnifying party to such indemnified party of
its election so to assume the defense thereof and approval by such indemnified
party of counsel appointed to defend such action, the indemnifying party will
not be liable to such indemnified party under this Section 7 for any legal or
other expenses, other than reasonable costs of investigation, subsequently
incurred by such indemnified party in connection with the defense thereof,
unless (i) the indemnified party shall
<PAGE>
                                      -26-

have employed separate counsel in accordance with the proviso to the immediately
preceding sentence (it being understood, however, that in connection with such
action the indemnifying party shall not be liable for the expenses of more than
one separate counsel (in addition to local counsel) in any one action or
separate but substantially similar actions in the same jurisdiction arising out
of the same general allegations or circumstances, designated by Participants who
sold a majority in interest of the Registrable Notes and Exchange Notes sold by
all such Participants in the case of paragraph (a) of this Section 7 or the
Issuers in the case of paragraph (b) of this Section 7, representing the
indemnified parties under such paragraph (a) or paragraph (b), as the case may
be, who are parties to such action or actions) or (ii) the indemnifying party
has authorized in writing the employment of counsel for the indemnified party at
the expense of the indemnifying party. All fees and expenses reimbursed pursuant
to this paragraph (c) shall be reimbursed as they are incurred. After such
notice from the indemnifying party to such indemnified party, the indemnifying
party will not be liable for the costs and expenses of any settlement of such
action effected by such indemnified party without the prior written consent of
the indemnifying party (which consent shall not be unreasonably withheld),
unless such indemnified party waived in writing its rights under this Section 7,
in which case the indemnified party may effect such a settlement without such
consent.

                  (d) In circumstances in which the indemnity agreement provided
for in the preceding paragraphs of this Section 7 is unavailable to, or
insufficient to hold harmless, an indemnified party in respect of any losses,
claims, damages or liabilities (or actions in respect thereof), each
indemnifying party, in order to provide for just and equitable contribution,
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages or liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect (i) the relative
benefits received by the indemnifying party or parties on the one hand and the
indemnified party on the other from the offering of the Notes or (ii) if the
allocation provided by the foregoing clause (i) is not permitted by applicable
law, not only such relative benefits but also the relative fault of the
indemnifying party or parties on the one hand and the indemnified party on the
other in connection with the statements or omissions or alleged statements or
omissions that resulted in such losses, claims, damages or liabilities (or
actions in respect thereof). The relative benefits received by the Company on
the one hand and such Participant on the other shall be deemed to be in the same
proportion as the total proceeds from the offering (before deducting expenses)
of the Notes received by the Company bear to the total net profit received by
such Participant in connection with the sale of the Notes. The relative fault of
the parties shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company
on the one hand, or the Participants on the other, the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission or alleged statement or omission, and any other equitable
considerations appropriate in the circumstances. The parties agree that it would
not be equitable if the amount of such contribution
<PAGE>
                                      -27-

were determined by pro rata or per capita allocation or by any other method of
allocation that does not take into account the equitable considerations referred
to in the first sentence of this paragraph (d). Notwithstanding any other
provision of this paragraph (d), no Participant shall be obligated to make
contributions hereunder that in the aggregate exceed the total net profit
received by such Participant in connection with the sale of the Notes, less the
aggregate amount of any damages that such Participant has otherwise been
required to pay by reason of the untrue or alleged untrue statements or the
omissions or alleged omissions to state a material fact, and no person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this paragraph (d), each person,
if any, who controls a Participant within the meaning of Section 15 of the Act
or Section 20 of the Exchange Act shall have the same rights to contribution as
the Participants, and each director of the Issuers, each officer of the Issuers
and each person, if any, who controls the Issuers within the meaning of Section
15 of the Act or Section 20 of the Exchange Act, shall have the same rights to
contribution as the Issuers.

         8.       Rules 144 and 144A

                  The Issuers covenant and agree that they will file the reports
required to be filed by them under the Securities Act and the Exchange Act and
the rules and regulations adopted by the SEC thereunder in a timely manner in
accordance with the requirements of the Securities Act and the Exchange Act and,
if at any time the Company or any Guarantor is not required to file such
reports, the Company or such Guarantor, as the case may be, will, upon the
request of any Holder or beneficial owner of Registrable Notes, make available
such information necessary to permit sales pursuant to Rule 144A. The Issuers
further covenant and agree, for so long as any Registrable Notes remain
outstanding that they will take such further action as any Holder of Registrable
Notes may reasonably request, all to the extent required from time to time to
enable such holder to sell Registrable Notes without registration under the
Securities Act within the limitation of the exemptions provided by Rule 144(k)
under the Securities Act and Rule 144A.

         9.       Underwritten Registrations

                  If any of the Registrable Notes covered by any Shelf
Registration are to be sold in an underwritten offering, the investment banker
or investment bankers and manager or managers that will manage the offering will
be selected by the Holders of a majority in aggregate principal amount of such
Registrable Notes included in such offering and shall be reasonably acceptable
to the Company.

                  No Holder of Registrable Notes may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell such
Holder's Registrable Notes on the basis provided in any underwriting
arrangements approved by the Persons entitled hereunder
<PAGE>
                                      -28-

to approve such arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements.

         10.      Miscellaneous

                  (a) No Inconsistent Agreements. None of the Issuers has, as of
the date hereof, and none of the Issuers shall, after the date of this
Agreement, enter into any agreement with respect to any of its securities that
is inconsistent with the rights granted to the Holders of Registrable Notes in
this Agreement or otherwise conflicts with the provisions hereof. The rights
granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of the Issuers' other issued
and outstanding securities under any such agreements. None of the Issuers will
enter into any agreement with respect to any of their securities that will grant
to any Person piggy-back registration rights with respect to any Registration
Statement.

                  (b) Adjustments Affecting Registrable Notes. The Issuers shall
not, directly or indirectly, take any action with respect to the Registrable
Notes as a class that would adversely affect the ability of the Holders of
Registrable Notes to include such Registrable Notes in a registration undertaken
pursuant to this Agreement.

                  (c) Amendments and Waivers. The provisions of this Agreement
may not be amended, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, otherwise than with the
prior written consent of (I) the Issuers, and (II)(A) the Holders of not less
than a majority in aggregate principal amount of the then outstanding
Registrable Notes and (B) in circumstances that would adversely affect the
Participating Broker-Dealers, the Participating Broker-Dealers holding not less
than a majority in aggregate principal amount of the Exchange Notes held by all
Participating Broker-Dealers; provided, however, that Section 7 and this Section
10(c) may not be amended, modified or supplemented without the prior written
consent of each Holder and each Participating Broker-Dealer (including any
person who was a Holder or Participating Broker-Dealer of Registrable Notes or
Exchange Notes, as the case may be, disposed of pursuant to any Registration
Statement) affected by any such amendment, modification or supplement.
Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of
Holders of Registrable Notes whose securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect, impair,
limit or compromise the rights of other Holders of Registrable Notes may be
given by Holders of at least a majority in aggregate principal amount of the
Registrable Notes being sold pursuant to such Registration Statement.

                  (d) Notices. All notices and other communications (including,
without limitation, any notices or other communications to the Trustee) provided
for or permitted here-
<PAGE>
                                      -29-

under shall be made in writing by hand-delivery, registered first-class mail,
next-day air courier or facsimile:

                  (i) if to a Holder of the Registrable Notes or any
         Participating Broker-Dealer, at the most current address of such Holder
         or Participating Broker-Dealer, as the case may be, set forth on the
         records of the registrar under the Indenture, with a copy in like
         manner to the Initial Purchasers as follows:

                          Deutsche Bank Securities Inc.
                          60 Wall Street
                          New York, New York  10019
                          Facsimile No.:  (212) [   ]-[    ]
                          Attention:  Corporate Finance Department

                          with a copy to:

                          Cahill Gordon & Reindel llp
                          80 Pine Street
                          New York, New York  10005
                          Facsimile No.:  (212) 269-5420
                          Attention:  John A. Tripodoro, Esq.

                  (ii) if to the Initial Purchasers, at the address specified in
         Section 10(d)(i);

                  (iii) if to the Issuers, at the address as follows:

                          Dole Food Company, Inc.
                          One Dole Drive
                          Westlake Village, CA 91362
                          Facsimile No.:
                          Attention:  C. Michael Carter, Esq.

                          with a copy to:

                          Paul, Hastings, Janofsky & Walker LLP
                          695 Town Center Drive
                          Costa Mesa, CA 92626
                          Facsimile No.:
                          Attention:  Peter Tennyson, Esq.

                  All such notices and communications shall be deemed to have
been duly given: when delivered by hand, if personally delivered; five Business
Days after being deposited in
<PAGE>
                                      -30-

the mail, postage prepaid, if mailed; one Business Day after being timely
delivered to a next-day air courier; and upon written confirmation, if sent by
facsimile.

                  Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee at
the address and in the manner specified in such Indenture.

                  (e) Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors and assigns of each of the parties
hereto, the Holders and the Participating Broker-Dealers; provided, however,
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Notes in violation of the terms of the Purchase
Agreement or the Indenture.

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

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

                  (H) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO
CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW THAT WOULD REQUIRE THE APPLICATION OF
ANY OTHER LAW.

                  (i) Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

                  (j) Notes Held by the Issuers or Their Affiliates. Whenever
the consent or approval of Holders of a specified percentage of Registrable
Notes is required hereunder, Registrable Notes held by the Issuers or their
affiliates (as such term is defined in Rule 405 under
<PAGE>
                                      -31-

the Securities Act) shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage.

                  (k) Third-Party Beneficiaries. Holders of Registrable Notes
and Participating Broker-Dealers are intended third-party beneficiaries of this
Agreement, and this Agreement may be enforced by such Persons.

                  (l) Entire Agreement. This Agreement, together with the
Purchase Agreement and the Indenture, is intended by the parties as a final and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein and therein and any and all prior
oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders
on the one hand and the Issuers on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof are
merged herein and replaced hereby.
<PAGE>
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

                              DOLE FOOD COMPANY, INC.

                              By:     /s/ Richard J. Dahl
                                     ----------------------------------
                                     Name:  Richard J. Dahl
                                     Title: Vice President and Chief Financial
                                            Officer

                              THE GUARANTORS NAMED IN SCHEDULE 1 ATTACHED HERETO

                              By:     /s/ Richard J. Dahl
                                     ----------------------------------
                                     Name:  Richard J. Dahl
                                     Title: Vice President

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

DEUTSCHE BANK SECURITIES INC.

By:     /s/ Jeff Ogden
       -----------------------------
       Name: Jeff Odgen
       Title:   Managing Director

By:     /s/ David J. Hannery
       -----------------------------
       Name: David J. Hannery
       Title:   Managing Director

BANC OF AMERICA SECURITIES LLC

By:     /s/ James G. Rose, Jr.
       -----------------------------
       Name: James G. Rose, Jr.
       Title:   Managing Director
<PAGE>
SCOTIA CAPITAL (USA) INC.

By:     /s/ Greg Wojnarski
       -----------------------------
       Name: Greg Wojnarski
       Title:   Managing Director

FLEET SECURITIES, INC.

By:     /s/ Christopher K. Wall
       -----------------------------
       Name: Christopher K. Wall
       Title:   Vice President

GOLDMAN, SACHS & CO.

By:     /s/ Goldman, Sachs & Co.
       -----------------------------
       (GOLDMAN, SACHS & CO.)

SG COWEN SECURITIES CORPORATION

By:     /s/ Neil R. Parekh
       -----------------------------
       Name: Neil R. Parekh

                                      -2-
<PAGE>
                                                                      SCHEDULE 1

                                   Guarantors

<TABLE>
<CAPTION>
                                                                                                                  DOLE'S
                                                                                      JURISDICTION OF           OWNERSHIP
                                    COMPANY                                             ORGANIZATION                %
                                    -------                                             ------------            ---------
<S>                                                                                   <C>                       <C>
Calazo Corporation                                                                        Arizona                  100%
AG 1970, Inc.                                                                            California                100%
AG 1971, Inc.                                                                            California                100%
AG 1972, Inc.                                                                            California                100%
Alyssum Corporation                                                                      California                100%
Barclay Hollander Corporation                                                            California                100%
Bud Antle, Inc.                                                                          California                100%
Calicahomes, Inc.                                                                        California                100%
California Polaris, Inc.                                                                 California                100%
Dole ABPIK, Inc.                                                                         California                100%
Dole Arizona Dried Fruit and Nut Company                                                 California                100%
Dole Carrot Company                                                                      California                100%
Dole Citrus                                                                              California                100%
Dole DF&N, Inc.                                                                          California                100%
Dole Dried Fruit and Nut Company, a California General Partnership                       California                100%
Dole Farming, Inc.                                                                       California                100%
Dole Fresh Vegetables, Inc.                                                              California                100%
Dole Orland, Inc.                                                                        California                100%
Dole Visage, Inc.                                                                        California                100%
E. T. Wall Company                                                                       California                100%
Earlibest Orange Association, Inc.                                                       California                100%
Fallbrook Citrus Company, Inc.                                                           California                100%
Lindero Headquarters Company, Inc.                                                       California                100%
Lindero Property, Inc.                                                                   California                100%
Oceanview Produce Company                                                                California                100%
Prairie Vista, Inc.                                                                      California                100%
Royal Packing Co.                                                                        California                100%
Veltman Terminal Co.                                                                     California                100%
Bananera Antillana (Colombia), Inc.                                                       Delaware                 100%
Clovis Citrus Association                                                                 Delaware                 100%
Delphinium Corporation                                                                    Delaware                 100%
Dole Europe Company                                                                       Delaware                 100%
Dole Foods Flight Operations, Inc.                                                        Delaware                 100%
Dole Fresh Flowers, Inc.                                                                  Delaware                 100%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S>                                                                                   <C>                       <C>
Dole Northwest, Inc.                                                                      Delaware                 100%
Dole Sunfresh Express, Inc.                                                               Delaware                 100%
Standard Fruit and Steamship Company                                                      Delaware                 100%
Standard Fruit Company                                                                    Delaware                 100%
Sun Country Produce, Inc.                                                                 Delaware                 100%
West Foods, Inc.                                                                          Delaware                 100%
Cool Advantage, Inc.                                                                      Florida                  100%
Cool Care, Inc.                                                                           Florida                  100%
Flowernet Inc.                                                                            Florida                  100%
Saw Grass Transport, Inc.                                                                 Florida                  100%
Blue Anthurium, Inc.                                                                       Hawaii                  100%
Cerulean, Inc.                                                                             Hawaii                  100%
Dole Diversified, Inc.                                                                     Hawaii                  100%
Dole Land Company, Inc.                                                                    Hawaii                  100%
Dole Packaged Foods Corporation                                                            Hawaii                  100%
La Petite d'Agen, Inc.                                                                     Hawaii                  100%
MK Development, Inc.                                                                       Hawaii                  100%
Malaga Company, Inc.                                                                       Hawaii                  100%
Muscat, Inc.                                                                               Hawaii                  100%
Oahu Transport Company, Limited                                                            Hawaii                  100%
Wahiawa Water Company, Inc.                                                                Hawaii                  100%
Waialua Sugar Company, Inc.                                                                Hawaii                  100%
Zante Currant, Inc.                                                                        Hawaii                  100%
Diversified Imports Co.                                                                    Nevada                  100%
Dole Assets, Inc.                                                                          Nevada                  100%
Dole Fresh Fruit Company                                                                   Nevada                  100%
Dole Holdings, Inc.                                                                        Nevada                  100%
Dole Logistics Services, Inc.                                                              Nevada                  100%
Dole Ocean Cargo Express, Inc. (DOCE)                                                      Nevada                  100%
Dole Ocean Liner Express, Inc.                                                             Nevada                  100%
Renaissance Capital Corporation                                                            Nevada                  100%
Sun Giant, Inc.                                                                            Nevada                  100%
DNW Services Company                                                                     Washington                100%
Pacific Coast Truck Company                                                              Washington                100%
Pan-Alaska Fisheries, Inc.                                                               Washington                100%
</TABLE>

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