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                                                                  EXHIBIT 10.62

                               HEXCEL CORPORATION

                      9.875% SENIOR SECURED NOTES DUE 2008

                                   ----------

                               PURCHASE AGREEMENT

                                                                   March 7, 2003

Goldman, Sachs & Co.,
Fleet Securities, Inc.
   As representatives of the several Purchasers
   named in Schedule I hereto,
c/o Goldman, Sachs & Co.,
85 Broad Street,
New York, New York 10004

Ladies and Gentlemen:

     Hexcel Corporation, a Delaware corporation (the "Company"), proposes,
subject to the terms and conditions stated herein, to issue and sell to the
Purchasers (the "Purchasers") an aggregate of $125,000,000 principal amount of
the Senior Secured Notes specified above (the "Securities") The Securities will
be unconditionally guaranteed as to the payment of principal, premium, if any,
and interest (the "Guarantees") by Clark-Schwebel Holding Corp., a Delaware
corporation, Clark-Schwebel Corporation, a Delaware corporation and Hexcel
Pottsville Corporation, a Delaware corporation (each a "Guarantor" and,
collectively, the "Guarantors"). Capitalized terms not defined herein shall have
the meanings assigned to them in the Offering Circular (as defined below).

     1.   Each of the Company and the Guarantors, jointly and severally,
represents and warrants to, and agrees with, each of the Purchasers that:

          (a) A preliminary offering circular, dated February 28, 2003 (the
     "Preliminary Offering Circular") and an offering circular, dated March 7,
     2003 (the "Offering Circular"), have been prepared in connection with the
     offering of the Securities. Any reference to the Preliminary Offering
     Circular or the Offering Circular, as the case may be, as amended or
     supplemented, as of any specified date, shall be deemed to include (i) any
     documents filed with the Commission pursuant to Section 13(a), 13(c) or
     15(d) of the Exchange Act after the date of the Preliminary Offering
     Circular or the Offering Circular, as the case may be, and prior to such
     specified date and (ii) any Additional Issuer Information (as defined in
     Section 5(g)) furnished by the Company prior to the completion of the
     distribution of the Securities; and all documents filed under the United
     States Securities Exchange Act of 1934, as amended (the "Exchange Act") and
     so deemed to be included in the Preliminary Offering Circular or the
     supplement thereto are hereinafter called the "Exchange Act Reports". The
     Exchange Act Reports, when they were or are filed with the Commission,
     conformed or will conform in all material respects to the applicable
     requirements of the Exchange Act and the applicable rules and regulations
     of the Commission thereunder. The Preliminary Offering Circular or the
     Offering Circular and any amendments or Offering Circular, as the case may
     be, or any amendment or

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     supplements thereto and the Exchange Act Reports did not and will not, as
     of their respective dates, contain an untrue statement of a material fact
     or omit to state a material fact necessary in order to make the statements
     therein, in the light of the circumstances under which they were made, not
     misleading; PROVIDED, HOWEVER, that this representation and warranty shall
     not apply to any statements or omissions made in reliance upon and in
     conformity with information furnished in writing to the Company by a
     Purchaser through Goldman, Sachs & Co. expressly for use therein;

          (b)      Neither the Company nor any of its significant subsidiaries
     within the meaning of Rule 1-02(w) of regulation S-X under the Securities
     Act (each individually, a "Subsidiary" and collectively, the
     "Subsidiaries") has sustained since the date of the latest audited
     financial statements included in the Offering Circular any material loss or
     interference with its business from fire, explosion, flood or other
     calamity, whether or not covered by insurance, or from any labor dispute or
     court or governmental action, order or decree, otherwise than as set forth
     or contemplated in the Offering Circular; and, since the respective dates
     as of which information is given in the Offering Circular, there has not
     been any material change in the capital stock or long-term debt of the
     Company or any of its Subsidiaries or any material adverse change or any
     development involving a prospective material adverse change, in or
     affecting the general affairs, management, financial position,
     stockholders' equity or results of operations of the Company or its
     Subsidiaries, taken as a whole, otherwise than as set forth or contemplated
     in the Offering Circular;

          (c)      The Company and its Subsidiaries have good and marketable
     title in fee simple to all real property owned by them and good and
     marketable title to all personal property owned by them, in each case free
     and clear of all liens, encumbrances and defects except in each case, (i)
     as are described in the Offering Circular, (ii) such liens and encumbrances
     created by or under the New Senior Credit Facility (as defined in the
     Offering Circular), or (iii) where such liens, encumbrances and defects
     would not have a material adverse effect on management, the condition
     (financial or other), business, properties or results of operations of the
     Company and its Subsidiaries, taken as a whole (a "Material Adverse
     Effect"); and any real property and buildings held under lease by the
     Company and its Subsidiaries are held by them under valid, subsisting and
     enforceable leases with such exceptions as do not interfere with the use
     made and proposed to be made of such property and buildings by the Company
     and its Subsidiaries except as (i) disclosed in the Offering Circular or
     (ii) such as do not have a Material Adverse Effect;

          (d)      The Company and its Subsidiaries have each been duly
     incorporated or formed, as the case may be, and are validly existing as a
     corporation, limited liability company or limited partnership, as the case
     may be, in good standing under the laws of its respective jurisdiction of
     incorporation or organization, as the case may be, with power and authority
     (corporate and other) to own their properties and conduct their business as
     described in the Offering Circular, and have been duly qualified as a
     foreign corporation, limited liability company or limited partnership, as
     the case may be, for the transaction of business and are in good standing
     under the laws of each other jurisdiction in which they own or lease
     properties or conduct any business so as to require such qualification,
     except where the failure to be so qualified would not have a Material
     Adverse Effect;

          (e)      The Company has an authorized capitalization as set forth in
     the Offering Circular, and all of the issued shares of capital stock of the
     Company have been duly and validly authorized and issued and are fully paid
     and non-assessable; and all of the issued shares of

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     capital stock of each Subsidiary of the Company have been duly and validly
     authorized and issued, are fully paid and non-assessable and (except for
     directors' qualifying shares and except as otherwise set forth in the
     Offering Circular) are owned directly or indirectly by the Company, free
     and clear of all liens, encumbrances, equities or claims (except pursuant
     to any joint venture agreements);

          (f)      The Securities have been duly authorized and, when issued and
     delivered pursuant to this Agreement and the indenture dated as of
     March 19, 2003 (the "Indenture") among the Company, the Guarantors and the
     Trustee, will have been duly executed, authenticated, issued and delivered
     and will constitute valid and legally binding obligations of the Company
     enforceable in accordance with their terms and entitled to the benefits
     provided by the Indenture under which they are to be issued (assuming
     authentication by the Trustee in accordance with the provisions of the
     Indenture); the Indenture has been duly authorized and the Indenture
     constitutes a valid and legally binding instrument of the Company and the
     Guarantors, enforceable in accordance with its terms (assuming due
     authorization, execution and delivery by the Trustee in accordance with the
     provisions of the Indenture), subject, as to enforcement, to bankruptcy,
     insolvency, reorganization and other laws of general applicability relating
     to or affecting creditors' rights and to general equity principles; and the
     Securities and the Indenture will be in substantially the form previously
     delivered to you;

          (g)      The Guarantees have been duly authorized by the Guarantors,
     and when executed and delivered pursuant to this Agreement and the
     Indenture, will constitute valid and legally binding obligations of the
     Guarantors entitled to the benefits provided by the Indenture, enforceable
     in accordance with their terms, subject, as to enforcement, to bankruptcy,
     insolvency, reorganization and other laws of general applicability relating
     to or affecting creditors' rights and to general equity principles;

          (h)      The exchange and registration rights agreement to be dated
     March 19, 2003, among the Company, the Guarantors and the Purchasers (the
     "Registration Rights Agreement") has been duly authorized by the Company
     and the Guarantors, and when executed and delivered by the Company and the
     Guarantors, will constitute the valid and legally binding obligation of the
     Company and the Guarantors, enforceable against the Company and the
     Guarantors in accordance with its terms, subject, as to enforcement, to
     bankruptcy, insolvency, reorganization and other laws of general
     applicability relating to or affecting creditors' rights and to general
     equity principles. Pursuant to the Registration Rights Agreement, the
     Company and the Guarantors will agree to file with the United States
     Securities and Exchange Commission (the "Commission"), under the
     circumstances set forth therein, (i) a registration statement under the
     Securities Act relating to another series of debt securities of the Company
     with terms substantially identical to the Securities (the "Exchange
     Securities") to be offered in exchange for the Securities (the "Exchange
     Offer"), and (ii) to the extent required by the Registration Rights
     Agreement, a shelf registration statement pursuant to Rule 415 of the
     Securities Act relating to the resale by certain holders of the Securities,
     and in each case, to use all commercially reasonable efforts to cause such
     registration statements to be declared effective;

          (i)      The Exchange Securities have been duly authorized for
     issuance by the Company, and when issued and authenticated in accordance
     with the terms of the Indenture (assuming authentication by the Trustee in
     accordance with the provisions of the Indenture) will be the valid and
     legally binding obligations of the Company, entitled to the benefits
     provided by the Indenture, enforceable in accordance with their terms,
     subject, as to enforcement, to

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     bankruptcy, insolvency, reorganization and other laws of general
     applicability relating to or affecting creditors' rights and to general
     equity principles;

          (j)      The guarantees of the Company's obligations under the
     Exchange Securities (the "Exchange Guarantees") to be offered in exchange
     for the Guarantees in the Exchange Offer have been duly authorized by the
     Guarantors, and when executed, authenticated, issued and delivered pursuant
     to this Agreement and the Indenture; will constitute valid and legally
     binding obligations of the Guarantors, entitled to the benefits provided by
     the Indenture, enforceable in accordance with their terms, subject, as to
     enforcement, to bankruptcy, insolvency, reorganization and other laws of
     general applicability relating to or affecting creditors' rights and to
     general equity principles;

          (k)      The Security Documents have each been duly authorized by the
     Company and the Guarantors (assuming the due authorization and execution by
     the other parties thereto) and when executed and delivered by the Company
     and the Guarantors, will constitute the valid and legally binding
     obligation of the Company and the Guarantors, enforceable against the
     Company and the Guarantors in accordance with their terms, subject, as to
     enforcement, to bankruptcy, insolvency, reorganization and other laws of
     general applicability relating to or affecting creditors' rights and to
     general equity principles;

          (l)      None of the transactions contemplated by this Agreement
     (including, without limitation, the use of the proceeds from the sale of
     the Securities) will violate or result in a violation of Section 7 of the
     Exchange Act, or any regulation promulgated thereunder, including, without
     limitation, Regulations T, U, and X of the Board of Governors of the
     Federal Reserve System;

          (m)      Prior to the date hereof, neither the Company, the Guarantors
     nor any of their affiliates have taken any action which is designed to or
     which has constituted or which might have been expected to cause or result
     in stabilization or manipulation of the price of any security of the
     Company or any Guarantor in connection with the offering of the Securities
     and the Guarantees;

          (n)      The issue and sale of the Securities and the Guarantees and
     the compliance by the Company and the Guarantors with all of the provisions
     of the Securities, the Guarantees, the Indenture, the Registration Rights
     Agreement, the Security Documents and this Agreement and the consummation
     of Financing Transactions and the transactions herein and therein
     contemplated will not conflict with or result in a breach or violation of
     (i) any of the terms or provisions of, or constitute a default under, any
     indenture, mortgage, deed of trust, loan agreement or other agreement or
     instrument to which the Company or any of its Subsidiaries is a party or by
     which the Company or any of its Subsidiaries is bound or to which any of
     the property or assets of the Company or any of its Subsidiaries is
     subject, (ii) any of the provisions of the Certificate of Incorporation,
     Certificate of Formation, Partnership Agreement or By-laws or other
     organizational documents, as applicable, of the Company or any of its
     Subsidiaries or (iii) any statute or any order, rule or regulation of any
     court or governmental agency or body having jurisdiction over the Company
     or any of its Subsidiaries or any of their properties, except, in the case
     of clauses (i) and (iii) above, for breaches or violations that would not
     have a Material Adverse Effect; nor will such action result in the
     imposition of a Lien on any assets of the Company or any of its
     Subsidiaries (except pursuant to the Security Documents or the New Senior
     Credit Facility) or result in the acceleration of any indebtedness of the
     Company or any of its Subsidiaries; and no consent, approval,
     authorization, order, registration or qualification of or with any such
     court or governmental agency or body is

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     required for the issue and sale of the Securities and the Guarantees or the
     consummation by the Company and the Guarantors of the Financing
     Transactions or the transactions contemplated by this Agreement, the
     Registration Rights Agreement, the Security Documents or the Indenture,
     except (i) those that have been obtained or made, (ii) for the filing of a
     registration statement by the Company with the Commission pursuant to the
     United States Securities Act of 1933, as amended (the "Act") pursuant to
     Section 5(j) hereof (iii) such consents, approvals, authorizations,
     registrations or qualifications as may be required under state securities
     or Blue Sky laws in connection with the purchase and distribution of the
     Securities by the Purchasers, (iv) such Exchange Act Reports as may be
     required to be filed after the consummation of the offering pursuant to the
     Company's periodic reporting requirements under Sections 13 and 15(d) of
     the Exchange Act and (v) consent of Brazilian regulatory agencies to the
     Financing Transactions. After consummation of the offering, the Financing
     Transactions and the transactions contemplated by the Securities, the
     Guarantees, the Indenture, the Security Documents and the Registration
     Rights Agreement, no Default or Event of Default will exist;

          (o)      Neither the Company nor any of its Subsidiaries is (i) in
     violation of its Certificate of Incorporation, Certificate of Formation,
     Partnership Agreement or By-laws or (ii) in default in the performance or
     observance of any material obligation, covenant or condition contained in
     any indenture, mortgage, deed of trust, loan agreement, lease or other
     agreement or instrument to which it is a party or by which it or any of its
     properties may be bound, except, in the case of clause (ii) above, for
     defaults that would not have a Material Adverse Effect;

          (p)      The statements set forth in the Offering Circular under the
     caption "Description of Notes," insofar as they purport to constitute a
     summary of the terms of the Securities, the Guarantees and the Security
     Documents, under the captions "Certain United States Federal Tax
     Consequences," "Description of Material Debt," "Equity Transactions," and
     under the caption "Plan of Distribution," insofar as they purport to
     describe the provisions of the laws documents referred to therein, are
     accurate, complete and fair in all material respects;

          (q)      Other than as set forth in the Offering Circular, there are
     no legal or governmental proceedings pending to which the Company or any of
     its Subsidiaries is a party or of which any property of the Company or any
     of its Subsidiaries is the subject which, if determined adversely to the
     Company or any of its Subsidiaries, would individually or in the aggregate
     have a material adverse effect on the current or future financial position,
     stockholders' equity or results of operations of the Company and its
     Subsidiaries; and, to the best of the Company's knowledge, no such
     proceedings are threatened or contemplated by governmental authorities or
     threatened by others;

          (r)      When the Securities and the Guarantees are issued and
     delivered pursuant to this Agreement, neither the Securities nor the
     Guarantees will be of the same class (within the meaning of Rule 144A under
     the Securities Act) as securities which are listed on a national securities
     exchange registered under Section 6 of the Exchange Act or quoted in a U.S.
     automated inter-dealer quotation system;

          (s)      The Company is subject to Section 13 or 15(d) of the Exchange
     Act;

          (t)      Neither the Company nor any of its Subsidiaries is or, after
     giving effect to the offering and sale of the Securities, will be an
     "investment company," as such term is defined in the United States
     Investment Company Act of 1940, as amended (the "Investment Company Act");

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          (u)      Neither the Company, the Guarantors nor any person acting on
     their behalf has offered or sold the Securities by means of any general
     solicitation or general advertising within the meaning of Rule 502(c) under
     the Act or, with respect to Securities sold outside the United States to
     non-U.S. persons (as defined in Rule 902 under the Act), by means of any
     directed selling efforts within the meaning of Rule 902 under the
     Securities Act and the Company, any affiliate of the Company and any person
     acting on its or their behalf has complied with and will implement the
     "offering restriction" within the meaning of such Rule 902;

          (v)      Within the preceding six months, none of the Company, the
     Guarantors or any other person acting on behalf of the Company or any
     Guarantor has offered or sold to any person any Securities or Guarantees,
     or any securities of the same or a similar class as the Securities or
     Guarantees, other than Securities or Guarantees offered or sold to the
     Purchasers hereunder. The Company and the Guarantors will take reasonable
     precautions designed to insure that any offer or sale, direct or indirect,
     in the United States or to any U.S. person (as defined in Rule 902 under
     the Act) of any Securities or Guarantees or any substantially similar
     security issued by the Company, within six months subsequent to the date on
     which the distribution of the Securities or the Guarantees has been
     completed (as notified to the Company by Goldman, Sachs & Co.), is made
     under restrictions and other circumstances reasonably designed not to
     affect the status of the offer and sale of the Securities and the
     Guarantees in the United States and to U.S. persons contemplated by this
     Agreement as transactions exempt from the registration provisions of the
     Securities Act;

          (w)      PricewaterhouseCoopers LLP, who have certified certain
     financial statements of the Company and its Subsidiaries, are independent
     public accountants as required by the Act and the rules and regulations of
     the Commission thereunder;

          (x)      Except as will be described in the Offering Circular,
     (i) neither the Company nor any of its Subsidiaries is in violation of any
     Federal, state, local or foreign statute, law, rule, regulation, ordinance,
     code, published policy or rule of common law or any published judicial or
     administrative interpretation thereof, including any judicial or
     administrative order, consent, decree or judgment, relating to pollution or
     protection of human health or the environment (including, without
     limitation, ambient air, surface water, groundwater, land surface or
     subsurface strata) including, without limitation, laws and regulations
     relating to the release or threatened release of chemicals, pollutants,
     contaminants, non-sanitary wastes, toxic substances, hazardous substances,
     petroleum or petroleum products (collectively, "Hazardous Materials") or to
     the manufacture, processing, distribution, use, treatment, storage,
     disposal, transport or handling of Hazardous Materials (collectively,
     "Environmental Laws"), which violation would individually or in the
     aggregate have a Material Adverse Effect (ii) the Company and its
     Subsidiaries have all material permits, authorizations and approvals
     required under any applicable Environmental Laws and are each in
     substantial compliance with their requirements, except where the failure to
     have such permit, authorization or approval would not individually or in
     the aggregate have a Material Adverse Effect, (iii) to the Company's
     knowledge there are no pending or threatened administrative, regulatory or
     judicial actions, suits, demands, demand letters, claims, liens, notices of
     noncompliance or violation, investigation or proceedings relating to any
     Environmental Laws against the Company or any of its Subsidiaries that
     would individually or in the aggregate have a Material Adverse Effect and
     (iv) there are no events or circumstances that might reasonably be expected
     to form the basis of an order for clean-up or remediation, or an action,
     suit or proceeding by any private party or governmental body or agency
     against or affecting the Company or any of its

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     Subsidiaries relating to Hazardous Materials or Environmental Laws that
     would individually or in the aggregate have a Material Adverse Effect;

          (y)      The Company and its Subsidiaries own, possess, are validly
     licensed under, or can acquire on reasonable terms, adequate patents,
     patent rights, licenses, inventions, copyrights, know-how (including trade
     secrets and other unpatented and/or unpatentable proprietary or
     confidential information, systems or procedures), trademarks, service
     marks, trade names or other intellectual property (collectively,
     "Intellectual Property") necessary to carry on the business as currently
     conducted except where the failure to own, possess or be licensed under
     would individually or in the aggregate have a Material Adverse Effect, and,
     except where individually or in the aggregate infringement, conflict,
     invalidity or uneforceabaility would not have a Material Adverse Effect,
     neither the Company nor any of its Subsidiaries has received any notice or
     otherwise has knowledge of (i) any infringement of or conflict with
     asserted rights of others with respect to any Intellectual Property owned
     by the Company or its Subsidiaries or (ii) any facts or circumstances which
     would render any Intellectual Property owned by Company invalid or
     unenforceable;

          (z)      The Company maintains title insurance for its domestic owned
     real property which is customary in coverage and amount;

          (aa)     The assumptions used in preparing the pro forma financial
     information included in the Offering Circular provide a reasonable basis
     for presenting the significant effects directly attributable to the
     transactions or events described therein, the related pro forma adjustments
     give appropriate effect to those assumptions, and the pro forma columns
     therein reflect the proper application of those adjustments to the
     corresponding historical financial statement amounts. The pro forma
     financial information included in the Offering Circular, has been properly
     compiled, and prepared in accordance with the applicable requirements of
     the Act and the rules and regulations of the Commission thereunder and
     includes all adjustments necessary to present fairly the pro forma
     financial position of the respective entity or entities presented therein
     at the respective dates indicated and the results of their operations for
     the respective periods specified;

          (bb)     The historical financial statements, including the notes
     thereto, and supporting schedules included in the Offering Circular present
     fairly the financial position of the Company and its consolidated
     subsidiaries and the other entities for which financial statements are
     included in the Offering Circular as of the dates indicated and condition
     and results of operations for the periods specified; said financial
     statements have been prepared in conformity with generally accepted
     accounting principles applied on a consistent basis throughout the periods
     involved; and the supporting schedules included in the Offering Circular
     present fairly the information required to be stated therein. The other
     financial and statistical information and data included in the Offering
     Circular present fairly the information included therein and have been
     prepared on a basis consistent with that of the financial statements
     included in the Offering Circular and the books and records of the
     respective entities presented therein;

          (cc)     The Company and each of its subsidiaries have accurately
     prepared and timely filed all Federal, state and other tax returns that are
     required to be filed by it and has paid or made provision for the payment
     of all taxes, assessments, governmental or other similar charges, including
     without limitation, all sales and use taxes and all taxes which the Company
     and each of its subsidiaries is obligated to withhold from amounts owing to
     employees, creditors and third parties, with respect to the periods covered
     by such tax returns (whether or

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     not such amounts are shown as due on any tax return) except where failure
     to prepare, file, pay or make provision for would not, individually or in
     the aggregate, have a Material Adverse Effect. No deficiency assessment
     with respect to a proposed adjustment of the Company's or any of its
     subsidiaries' Federal, state, or other taxes is pending or, to the best of
     the Company's knowledge, threatened, except where such deficiency
     assessment would, individually or in the aggregate, have a Material Adverse
     Effect. There is no material tax lien, whether imposed by any Federal,
     state, or other taxing authority, outstanding against the assets,
     properties or business of the Company or any of its subsidiaries;

          (dd)     No labor disturbance by the employees of the Company or any
     of its Subsidiaries exists or, to the best of the Company's knowledge, is
     imminent that would individually or in the aggregate have a Material
     Adverse Effect;

          (ee)     No "prohibited transaction" (as defined in Section 406 of the
     Employee Retirement Income Security Act of 1974, as amended, including the
     regulations and published interpretations thereunder ("ERISA"), or Section
     4975 of the Internal Revenue Code of 1986, as amended from time to time
     (the "Code")), or "accumulated funding deficiency" (as defined in Section
     302 of ERISA) or any of the events set forth in Section 4043(b) of ERISA
     (other than events with respect to which the 30-day notice requirement
     under Section 4043 of ERISA has been waived) has occurred with respect to
     any employee benefit plan maintained by the Company or any of its
     Subsidiaries; each employee benefit plan maintained by the Company or any
     of its Subsidiaries is in compliance in all material respects with
     applicable law, including ERISA and the Code; the Company has not incurred
     and does not expect to incur liability under Title IV of ERISA with respect
     to the termination of, or withdrawal from any "pension plan;" and each
     "pension plan" (as defined in ERISA) maintained by the Company or any of
     its Subsidiaries that is intended to be qualified under Section 401(a) of
     the Code is so qualified in all material respects and nothing has occurred,
     whether by action or by failure to act, which could reasonably be expected
     to cause the loss of such qualification;

          (ff)     Neither the Company nor any of its subsidiaries nor, to the
     Company's knowledge, any of its employees or agents has at any time during
     the last five years (i) made any unlawful contribution to any candidate for
     foreign office, or failed to disclose fully any contribution in violation
     of law or (ii) made any payment to any Federal or state governmental
     officer or official, or other person charged with similar public or
     quasi-public duties, other than payments required or permitted by the laws
     of the United States or any jurisdiction thereof;

          (gg)     The statistical and market-related data included in the
     Offering Circular are based on or derived from sources which the Company
     believes are reliable and accurate;

          (hh)     The New Senior Credit Facility has been duly authorized by
     the Company and, when executed and delivered by the Company and the
     Subsidiaries of the Company that are obligors thereunder, the New Senior
     Credit Facility will constitute a valid and legally binding instrument of
     the Company, enforceable against the Company in accordance with its terms,
     subject, as to enforcement, to bankruptcy, insolvency, reorganization and
     other laws of general applicability relating to or affecting creditors'
     rights and to general equity principles; and the New Senior Credit Facility
     will conform in all material respects to the descriptions thereof in the
     Offering Circular;

          (ii)     As of the Time of Delivery, the Company and the Guarantors
     will own the Collateral free and clear of all Liens, except for Permitted
     Liens, and subject to no prior Liens, except Permitted Prior Liens, and no
     financing statements in respect of any property or assets of the

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     Company or any Guarantor will be on file in favor of any person except a
     holder of a Permitted Lien, covering only property subject to such
     Permitted Lien;

          (jj)     When executed and delivered, the Security Documents will
     create valid and enforceable security interests in favor of the Joint
     Collateral Agent for the benefit of the Trustee on all property of the
     Company and the Guarantors, except Excluded Assets which security interests
     will secure the repayment of the Securities and the other obligations
     purported to be secured thereby and as of the Time of Delivery, and upon
     (i) filing of the UCC financing statements duly authorized by the Company
     and each Guarantor and specifically identified in the Pledge and Security
     Agreement or a schedule thereto and (ii) the recording of a valid trademark
     security agreement and a valid patent security agreement in the U.S. Patent
     and Trademark Office within three months of the date hereof, and the
     recording of a valid copyright security agreement in the U.S. Copyright
     Office within one (1) month of the date hereof, against the United States
     issued registrations and pending applications for trademarks, patents and
     copyrights, respectively, included in the Collateral, in each case in the
     form duly authorized, executed and delivered to the Joint Collateral Agent
     at the Time of Delivery by each of the Company and each applicable
     Guarantor such Lien will have been duly perfected as to all Collateral
     (except for those liens which are the subject of the covenant entitled
     "Failure to Deliver Security Documents; Increased Interest Rate" in the
     Offering Circular," and with respect to patents, copyrights and trademarks,
     to the extent such perfection may be achieved by filings made in the U.S.
     Patent and Trademark Office and U.S. Copyright Office); PROVIDED, HOWEVER,
     that the subsequent recordation of the trademark security agreement, patent
     security agreement and the copyright security agreement in the U.S. Patent
     and Trademark Office and U.S. Copyright Office, as applicable, may be
     necessary to perfect the security interest of the Joint Collateral Agent in
     issued registrations and applications for other United States Intellectual
     Property that are acquired by the Company and any Grantor after the date
     hereof; the registration of unregistered copyrights in the U.S. Copyright
     Office may be required in order to perfect the Joint Collateral Agent's
     lien therein; and the taking of actions outside the United States may be
     required in order to perfect the Joint Collateral Agent's lien in
     Intellectual Property included in the Collateral which is protected under
     non-U.S. law;

          (kk)     As of the Time of Delivery, the representations and
     warranties contained in the Security Documents will be true and correct in
     all material respects;

          (ll)     As of the Time of Delivery, the Liens will not be subject in
     priority to any other Liens, except Permitted Prior Liens; and

          (mm)     The Securities, the Guarantees, the Indenture, the
     Registration Rights Agreement and the Security Documents will conform in
     all material respects to the descriptions thereof in the Offering Circular.

     2.   Subject to the terms and conditions herein set forth, the Company and
the Guarantors agree to issue and sell to each of the Purchasers, and each of
the Purchasers agrees, severally and not jointly, to purchase from the Company
and the Guarantors, at a purchase price of 95.952% of the principal amount
thereof, the principal amount of Securities set forth opposite the name of such
Purchaser in Schedule I hereto (including the Guarantees thereof).

     3.   Upon the authorization by you of the release of the Securities and the
Guarantees, the several Purchasers propose to offer the Securities for sale upon
the terms and conditions set forth in this Agreement and the Offering Circular
and each Purchaser hereby represents and warrants to, and agrees with the
Company and the Guarantors that:

                                        9
<Page>

     (a)  It will offer and sell the Securities (i) inside the United States
only to persons who it reasonably believes are "qualified institutional buyers"
("QIBs") within the meaning of Rule 144A under the Act in transactions meeting
the requirements of Rule 144A and (ii) through its selling agents, outside the
United States, to non-U.S. persons in reliance on Regulation S under the Act;

     (b)  It is an Institutional Accredited Investor; and

     (c)  It will not offer or sell the Securities by any form of general
solicitation or general advertising, including but not limited to the methods
described in Rule 502(c) under the Act.

     4.   (a) The Securities to be purchased by each Purchaser hereunder will be
represented by one or more definitive global Securities in book-entry form which
will be deposited by or on behalf of the Company with The Depository Trust
Company ("DTC") or its designated custodian. The Company and the Guarantors will
deliver the Securities to Goldman, Sachs & Co., for the account of each
Purchaser, against payment by or on behalf of such Purchaser of the purchase
price therefor by wire transfer in immediately available funds, by causing DTC
to credit the Securities to the account of Goldman, Sachs & Co. at DTC. The
Company will cause the certificates representing the Securities and the
Guarantees to be made available to Goldman, Sachs & Co. for checking at least 24
hours prior to the Time of Delivery at the office of DTC or its designated
custodian (the "Designated Office"). The time and date of such delivery and
payment shall be 9:00 a.m., New York City time, on March 19, 2003, or at such
other time and date as Goldman, Sachs & Co. and the Company may agree upon in
writing. Such time and date are herein called the "Time of Delivery;" and

     (b)  The documents to be delivered at the Time of Delivery by or on behalf
of the parties hereto pursuant to Section 7 hereof, including the cross-receipt
for the Securities and any additional documents requested by the Purchasers
pursuant to Section 7(l) hereof, will be delivered at such time and date at the
offices of Skadden, Arps, Slate, Meagher & Flom LLP, 4 Times Square, New York,
New York 10036 (the "Closing Location"), and the Securities will be delivered at
the Designated Office, all at the Time of Delivery. A meeting will be held at
the Closing Location at 5:00 p.m., New York City time, on the New York Business
Day next preceding the Time of Delivery, at which meeting the final drafts of
the documents to be delivered pursuant to the preceding sentence will be
available for review by the parties hereto. For the purposes of this Section 4,
"New York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in New York are
generally authorized or obligated by law or executive order to close.

     5.   Each of the Company and the Guarantors, jointly and severally, agrees
with each of the Purchasers:

     (a)  To prepare the Offering Circular in a form approved by you; to make no
amendment or any supplement to the Offering Circular which shall be disapproved
by you promptly after reasonable notice thereof; and to furnish you with copies
thereof;

     (b)  Promptly from time to time to take such action as Goldman, Sachs & Co.
may reasonably request to qualify the Securities for offer or sale under the
securities laws of such jurisdictions as Goldman, Sachs & Co. may request and to
comply with such laws so as to permit the continuance of sales and dealings
therein in such jurisdictions for as long as may be necessary to facilitate
secondary transactions in the Securities PROVIDED that in connection therewith
neither of the Company or any of its Subsidiaries shall be required to qualify
as a foreign corporation or to file a general consent to service of process in
any jurisdiction;

     (c)  Promptly from time to time to take such action as you may reasonably
request to qualify the Securities for offering and sale under the securities
laws of such jurisdictions as you may request

                                       10
<Page>

and to comply with such laws so as to permit the continuance of sales and
dealings therein in such jurisdictions for as long as may be necessary to
complete the distribution of the Securities, PROVIDED that in connection
therewith neither the Company nor any of its Subsidiaries shall be required to
qualify as a foreign corporation or to file a general consent to service of
process in any jurisdiction;

     (d)  To furnish the Purchasers with copies of the Offering Circular and
each amendment or supplement thereto with the independent accountants' report(s)
in the Offering Circular, and any amendment or supplement containing amendments
to the financial statements covered by such report(s), signed by the
accountants, and additional written and electronic copies thereof in such
quantities as you may from time to time reasonably request, and if, at any time
prior to the expiration of nine months after the date of the Offering Circular,
any event shall have occurred as a result of which the Offering Circular as then
amended or supplemented would include an untrue statement of a material fact or
omit to state any material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made when such
Offering Circular is delivered, not misleading, or, if for any other reason it
shall be necessary or desirable during such same period to amend or supplement
the Offering Circular, to notify you and upon your request to prepare and
furnish without charge to each Purchaser and to any dealer in securities as many
written and electronic copies as you may from time to time reasonably request of
an amended Offering Circular or a supplement to the Offering Circular which will
correct such statement or omission or effect such compliance;

     (e)  During the period beginning from the date hereof and continuing until
the date six months after the Time of Delivery, not to offer, sell contract to
sell or otherwise dispose of, except as provided hereunder any securities of the
Company or any Guarantor that are substantially similar to the Securities or the
Guarantees;

     (f)  Not to be or become, at any time prior to the expiration of three
years after the Time of Delivery, an open-end investment company, unit
investment trust, closed-end investment company or face-amount certificate
company that is or is required to be registered under Section 8 of the
Investment Company Act;

     (g)  At any time when the Company is not subject to Section 13 or 15(d) of
the Exchange Act, for the benefit of holders from time to time of Securities, to
furnish at its expense, upon request, to holders of Securities and prospective
purchasers of securities information (the "Additional Issuer Information")
satisfying the requirements of subsection (d)(4)(i) of Rule 144A under the Act;

     (h)  To use its commercially reasonable efforts to cause the Securities to
be eligible for the PORTAL trading system of the National Association of
Securities Dealers, Inc.;

     (i)  During a period of three years from the date of the Offering Circular,
if not otherwise available on the Commission's Electronic Data Gathering,
Analysis, and Retrieval System or similar system, to furnish to the holders of
the Securities as soon as practicable after the end of each fiscal year an
annual report (including a balance sheet and statements of income, stockholders'
equity and cash flows of the Company and its consolidated subsidiaries certified
by independent public accountants) and, as soon as practicable after the end of
each of the first three quarters of each fiscal year (beginning with the fiscal
quarter ending after the date of the Offering Circular), to make available to
its stockholders consolidated summary financial information of the Company and
its subsidiaries for such quarter in reasonable detail;

     (j)  During a period of three years from the date of the Offering Circular,
to furnish to you, and for so long as Goldman, Sachs & Co. may offer to sell
Securities in secondary transactions to furnish to Goldman, Sachs & Co., copies
of all reports or other communications (financial or other)

                                       11
<Page>

furnished to stockholders of the Company or any of the Guarantors, and to
deliver to you (i) as soon as they are available, copies of any reports and
financial statements furnished to or filed with the Commission or any securities
exchange on which the Securities or any class of securities of the Company or
any of the Guarantors is listed; and (ii) such additional information concerning
the business and financial condition of the Company and the Guarantors as you
may from time to time reasonably request (such financial statements to be on a
consolidated basis to the extent the accounts of the Company and its
subsidiaries are consolidated in reports furnished to its stockholders generally
or to the Commission);

     (k)  The Company and the Guarantors shall file and use their best efforts
to cause to be declared or become effective under the Securities Act, on or
prior to 210 days after the Time of Delivery, a registration statement on Form
S-4 providing for the registration of the Exchange Securities and the Exchange
Guarantees, the exchange of the Securities for the Exchange Securities, all in a
manner which will permit persons who acquire the Exchange Securities to resell
the Exchange Securities pursuant to Section 4(1) of the Securities Act;

     (l)  To do and perform all things required to be done and performed under
the Securities, the Guarantees, Indenture, Registration Rights Agreement and
Security Documents prior to and after the Time of Delivery;

     (m)  To comply with all agreements set forth in the representation letters
of the Company to DTC relating to the approval of the Notes by DTC for "book
entry" transfer;

     (n)  To use the net proceeds received by it from the sale of the Securities
pursuant to this Agreement in the manner specified in the Offering Circular
under the caption "Use of Proceeds;" and

     (o)  To use its commercially reasonable efforts to deliver to the Trustee
after the Time of Delivery as-built surveys of the sites of the owned real
property or leasehold real property as set forth in the Letter of Proposal,
dated March 6, 2003, by and between the Company and Bock-Clark Corporation
(attached as Schedule II hereto), which surveys shall satisfy the requirements
set forth in the "Survey Requirements for Hexcel Corporation Project Surveys"
section of Schedule II.

     6.   Each of the Company and the Guarantors, jointly and severally,
covenants and agrees with the several Purchasers that the Company and the
Guarantors will pay or cause to be paid the following: (i) the fees,
disbursements and expenses of the Company's counsel and accountants in
connection with the issue of the Securities and the Guarantees and all other
expenses in connection with the preparation, printing and filing of the
Preliminary Offering Circular and the Offering Circular and any amendments and
supplements thereto and the mailing and delivering of copies thereof to the
Purchasers and dealers; (ii) the cost of printing or producing any Agreement
among Purchasers, this Agreement, the Indenture, the Registration Rights
Agreement, the Security Documents, the Blue Sky and Legal Investment Memoranda,
closing documents (including any compilations thereof) and any other documents
in connection with the offering, purchase, sale and delivery of the Securities;
(iii) all expenses in connection with the qualification of the Securities, the
Exchange Securities, the Guarantees and the Exchange Guarantees for offering and
sale under state securities laws as provided in Section 5(b) hereof, including
the fees and disbursements of counsel for the Purchasers in connection with such
qualification and in connection with the Blue Sky and legal investment surveys;
(iv) any fees charged by securities rating services for rating the Securities;
(v) the cost of preparing the Securities, the Exchange Securities, the
Guarantees and the Exchange Guarantees; (vi) the fees and expenses of the
Trustee and any agent of the Trustee and the fees and disbursements of counsel
for the Trustee and any collateral agent in connection with the Indenture, the
Security Documents, the Securities, the Exchange Securities, the Guarantees and
the Exchange Guarantees; (vii) any cost

                                       12
<Page>

incurred in connection with the designation of the Securities for trading in
PORTAL; and (viii) all other costs and expenses incident to the performance of
its obligations hereunder which are not otherwise specifically provided for in
this Section. It is understood, however, that, except as provided in this
Section, and Sections 8 and 11 hereof, the Purchasers will pay all of their own
costs and expenses, including the fees of their counsel, transfer taxes on
resale of any of the Securities by them, and any advertising expenses connected
with any offers they may make.

     7.   The obligations of the Purchasers and the Company (with respect only
to the satisfaction of the conditions contained in Section 7(m) hereof)
hereunder shall be subject, in their discretion, to the condition that all
representations and warranties and other statements of the Company and the
Guarantors herein are, at and as of the Time of Delivery, true and correct, the
condition that the Company and the Guarantors shall have performed all of their
obligations hereunder theretofore to be performed, and the following additional
conditions:

     (a)  Latham & Watkins LLP, counsel for the Purchasers, shall have furnished
to you such opinion or opinions, dated the Time of Delivery, with respect to
such matters you may reasonably request, and such counsel shall have received
such papers and information as they may reasonably request to enable them to
pass upon such matters;

     (b)  Skadden, Arps, Slate, Meagher & Flom LLP ("Skadden"), counsel for the
Company, shall have furnished to you their written opinion, dated the Time of
Delivery, in form and substance reasonably satisfactory to you and subject to
customary and appropriate assumptions and qualifications, to the effect that:

          (i)      The Company has been duly incorporated and is validly
     existing as a corporation, in good standing under the laws of the State of
     Delaware;

          (ii)     The Company has an authorized capitalization as set forth in
     the Offering Circular and the authorized capital stock of the Company
     conforms as to legal matters to the description thereof contained in the
     Offering Circular;

          (iii)    Each Guarantor of the Company has been duly incorporated and
     is validly existing as a corporation, in good standing under the laws of
     the State of Delaware;

          (iv)     This Agreement has been duly authorized, executed and
     delivered by the Company and the Guarantors;

          (v)      The Securities have been duly authorized and executed by the
     Company, and when issued, authenticated and delivered by the Company
     against payment therefor in accordance with the terms of the Purchase
     Agreement, the Securities will constitute valid and binding obligations of
     the Company entitled to the benefits provided by the Indenture and
     enforceable against the Company in accordance with their terms, subject, as
     to enforcement, to bankruptcy, insolvency, reorganization and other laws of
     general applicability relating to or affecting creditors' rights and to
     general equity principles;

          (vi)     The issuance of Exchange Securities have been duly authorized
     by the Company, and, when the Exchange Securities have been duly executed,
     authenticated, issued and delivered in exchange for the Securities in
     accordance with the terms of the Indenture, the Registration Rights
     Agreement and the Exchange Offer, the Exchange Securities will constitute
     valid and binding obligations of the Company entitled to the benefits of
     the Indenture and enforceable against the Company in accordance with their
     terms, subject, as to enforcement, to bankruptcy, insolvency,
     reorganization and other laws of general applicability relating to or
     affecting creditors' rights and to general equity principles;

                                       13
<Page>

          (vii)    The Guarantees have been duly authorized, executed and
     delivered by the Guarantors, and when the Securities are issued and
     delivered by the Company against payment therefor in accordance with the
     terms of the Purchase Agreement, the Guarantees will constitute valid and
     binding obligations of the Guarantors, enforceable against the Guarantors
     in accordance with their terms, subject, as to enforcement, to bankruptcy,
     insolvency, reorganization and other laws of general applicability relating
     to or affecting creditors' rights and to general equity principles;

          (viii)   The Exchange Guarantees have been duly authorized by the
     Guarantors, and, when the Exchange Guarantees have been duly executed,
     authenticated, issued and delivered in exchange for the Guarantees in
     accordance with the terms of the Indenture, the Registration Rights
     Agreement and the Exchange Offer, the Exchange Guarantees constitute valid
     and binding obligations of the Guarantors enforceable against the
     Guarantors in accordance with their terms, subject, as to enforcement, to
     bankruptcy, insolvency, reorganization and other laws of general
     applicability relating to or affecting creditors' rights and to general
     equity principles;

          (ix)     The Indenture has been duly authorized, executed and
     delivered by the Company and the Guarantors and constitutes a valid and
     binding agreement of the Company and the Guarantors, enforceable against
     the Company and the Guarantors in accordance with its terms subject, as to
     enforcement, to bankruptcy, insolvency, reorganization and other laws of
     general applicability relating to or affecting creditors' rights and to
     general equity principles;

          (x)      The Registration Rights Agreement has been duly authorized,
     executed and delivered by the Company and the Guarantors and constitutes a
     valid and binding agreement of the Company and the Guarantors, enforceable
     against the Company and the Guarantors in accordance with its terms,
     subject, as to enforcement, to bankruptcy, insolvency, reorganization and
     other laws of general applicability relating to or affecting creditors'
     rights and to general equity principles;

          (xi)     Each of the Security Documents has been duly authorized,
     executed and delivered by the Company and the Guarantors and each is a
     valid and binding instrument of the Company and the Guarantors, enforceable
     against the Company and the Guarantors in accordance with its respective
     terms subject, as to enforcement, to bankruptcy, insolvency, reorganization
     and other laws of general applicability relating to or affecting creditors'
     rights and to general equity principles;

          (xii)    Assuming the accuracy of the representations and warranties
     set forth in Sections 4.4 and 4.8 of each of the Stock Purchase Agreement,
     dated December 18, 2002, by and among the Company, GS Capital Partners
     2000, L.P., GS Capital Partners 2000 Offshore, L.P., GS Capital Partners
     2000 Employee Fund, L.P., GS Capital Partners 2000 GmbH & Co. Beteiligungs
     KG and the Stock Purchase Agreement, dated December 18, 2002, by and among
     the Company, Berkshire Investors LLC, Berkshire Fund V, Limited
     Partnership, Berkshire Fund VI Limited Partnership, Greenbriar Equity Fund,
     L.P. and Greenbriar Co-Investment Partners, L.P., the execution and
     delivery by the Company and the Guarantors of the Indenture, the
     Registration Rights Agreement, the Security Documents and this Agreement
     and the consummation by the Company and the Guarantors of the transactions
     contemplated thereby, including the issuance and sale of the Securities and
     the consummation of the Financing Transactions, will not (i) conflict with
     any of the provisions of the Certificate of Incorporation or By-laws or
     other organizational document of the Company or the Guarantors, (ii)
     constitute a violation of, or a breach or default under any agreement or
     instrument identified

                                       14
<Page>

     to Skadden by the Company as being material to the business or financial
     condition of the Company, or (iii) violate or conflict with, or result in
     any contravention of, any Applicable Law (as defined below);

          (xiii)   No Governmental Approval, which has not been obtained or
     taken and is not in full force and effect, is required to authorize, or is
     required in connection with, the Financing Transactions or the execution or
     delivery by the Company or the Guarantors of this Agreement, the Security
     Documents, the Registration Rights Agreement or the Indenture or for the
     consummation by the Company or the Guarantors of the transactions
     contemplated hereby and thereby (including for the issue and sale by the
     Company and the Guarantors of the Securities and the Guarantees);

          (xiv)    The statements set forth in the Offering Circular under the
     caption "Description of Notes;" insofar as they purport to constitute a
     summary of the terms of the Securities and the Security Documents, under
     the captions "Taxation," "Description of Material Debt," Equity
     Transactions," and under the caption "Plan of Distribution," insofar as
     they purport to describe the provisions of the laws and documents referred
     to therein, fairly summarize such provisions in all material respects;

          (xv)     Assuming (i) the accuracy of the representations and
     warranties of the Company and of you set forth in the Purchase Agreement,
     (ii) the due performance by the Company of the covenants and agreements set
     forth in the Purchase Agreement and the due performance by you of the
     covenants and agreements set forth in the Purchase Agreement, (iii) your
     compliance with the offering and transfer procedures and restrictions
     described in the Offering Circular, (iv) the accuracy of the
     representations and warranties made in accordance with the Purchase
     Agreement and the Offering Circular by purchasers to whom you initially
     resell the Securities and (v) that reasonable steps have been taken to
     ensure that purchasers to whom the Purchasers initially resell the
     Securities have been informed that the Purchasers may be relying on the
     exemption from the provisions of Section 5 of the Securities Act provided
     by Rule 144A in connection with such sales the offer, sale and delivery of
     the Securities to you in the manner contemplated by the Purchase Agreement
     and the Offering Circular and the initial resale of the Securities by you
     in the manner contemplated in the Offering Memorandum and the Purchase
     Agreement, do not require registration under the Securities Act, and the
     Indenture does not require qualification under the Trust Indenture Act, it
     being understood that we do not express any opinion as to any subsequent
     reoffer or resale of any Security;

          (xvi)    The Company is not an "investment company," as such term is
     defined in the Investment Company Act;

          (xvii)   The shares of capital stock of each of the Guarantors shown
     by the stock record books of the Guarantors as being issued and outstanding
     immediately prior to the date hereof are owned of record by the Company.
     Such shares have been duly authorized and are fully paid and nonassessable,
     and free and clear of any preemptive rights or any similar rights arising
     under such Guarantor's Certificate of Incorporation or By-laws or
     Applicable Law.

          (xviii)  Under the Uniform Commercial Code in effect in the State of
     New York (without regard to laws referenced in Section 9-201 thereof, the
     "New York UCC"), the provisions of the Security Agreement are effective to
     create a valid security interest in each of the Company's and each
     Guarantor's rights in the Collateral (as defined in the Security Agreement)
     to the extent the New York UCC governs a security interest in such
     collateral, in favor of the Joint

                                       15
<Page>

     Collateral Agent for the benefit of the Trustee to secure the Secured
     Obligations (as defined in the Security Agreement);

          (xix)    To the extent the Uniform Commercial Code in effect in the
     State of Delaware (without regard to laws referenced in Section 9-201
     thereof, the "Delaware UCC"), is applicable to the authorization of the
     Company's financing statement, pursuant to the provisions of the Security
     Agreement the Company has authorized the filing of the Company's financing
     statement for purposes of Section 9-509 of the Delaware UCC;

          (xx)     To the extent the Delaware UCC is applicable to the
     authorization of each Guarantor's financing statement, pursuant to the
     provisions of the Security Agreement, each Guarantor has authorized the
     filing of its respective financing statement for purposes of Section 9-509
     of the Delaware UCC;

          (xxi)    To the extent the Delaware UCC is applicable, the Company's
     financing statement includes not only all of the types of information
     required by Section 9-502(a) of the Delaware UCC but also the types of
     information without which the office of the Secretary of State of the State
     of Delaware (the "Filing Office"), may refuse to accept the Company's
     financing statement pursuant to Section 9-516 of the Delaware UCC;

          (xxii)   To the extent the Delaware UCC is applicable, each
     Guarantor's financing statement includes not only all of the types of
     information required by Section 9-502(a) of the Delaware UCC but also the
     types of information without which the Filing Office may refuse to accept
     such Guarantor's financing statement pursuant to Section 9-516 of the
     Delaware UCC;

          (xxiii)  To the extent the Delaware UCC is applicable, the security
     interest in favor of the Joint Collateral Agent for the benefit of the
     Trustee will be perfected in each of the Company's and each Guarantor's
     rights in all Collateral to the extent the Delaware UCC governs a security
     interest in such collateral, upon the later of the attachment of the
     security interest and the filing of each of the Company's financing
     statement and each Guarantor's financing statement in the Filing Office;
     provided, however, we express no opinion with respect to (i) money, (ii)
     deposit accounts, (iii) letter of credit rights, (iv) goods covered by a
     certificate of title statute, (v) as-extracted collateral, timber to be cut
     or (vi) any property subject to a statute, regulation or treaty of the
     United States whose requirements for a security interest's obtaining
     priority over the rights of a lien creditor with respect to the property
     preempt Section 9-310(a) of the Delaware UCC;

          (xxiv)   You will have asked whether the Company and each Guarantor
     are "registered organizations" as such term is defined in Section
     9-102(a)(70) of the Delaware UCC. Pursuant to Section 9-102(a)(70) of the
     Delaware UCC, a "registered organization" must be (i) organized solely
     under the laws of a single State (or the United States) and (ii) the State
     (or the United States) must maintain a public record showing the
     organization to have been organized. Pursuant to Section 103(c)(6) of the
     DGCL, the Secretary of State of the State of Delaware is required to
     maintain a public record showing the Company and each Guarantor have been
     organized. Based on our review of (i) a certified copy of a certificate of
     incorporation of the Company from the Secretary of State of the State of
     Delaware as to Company's existence in such state and (ii) a certified copy
     of a certificate of incorporation of each Guarantor from the Secretary of
     State of the State of Delaware as to each Guarantor's existence in such
     state and to the extent the Delaware UCC is applicable, the Company and
     each Guarantor are "registered organizations" under Section 9-102(a)(70) of
     the Delaware UCC and the DGCL. We will have assumed that neither the
     Company nor any Guarantor has

                                       16
<Page>

     filed a certificate of incorporation or any similar document under the laws
     of any jurisdiction other than the State of Delaware and that the internal
     affairs of the Company and each Guarantor are not otherwise subject to the
     laws of any other jurisdiction. We will call to your attention that to the
     extent that the internal affairs of the Company or any Guarantor are
     subject to regulation under the laws of another state, the State of
     Delaware may recognize such authority. See, e.g., McDermott Inc. v. Lewis,
     531 A.2d 206 (Del. 1987). Further, we will have assumed that neither the
     Company nor each Guarantor has or will file (A) any certificates of
     transfer, continuance or domestication, or any similar certificates in the
     State of Delaware pursuant to Sections 390(a) and 388(b)(1) of the DGCL or
     (B) any similar certificates in any jurisdiction other than the State of
     Delaware;

          (xxv)    To the extent that the federal trademark laws of the United
     States of America are applicable to security interests in trademarks, the
     provisions of the Intellectual Property Security Agreement together with
     the recordation of the Intellectual Property Security Agreement in the
     United States Patent and Trademark Office (the "PTO") against the U.S.
     registered trademarks and trademark applications set forth on the schedules
     thereto the "Trademarks") within three (3) months of the date thereof is
     effective to create a valid security interest in the Company's and each
     Guarantor's rights in such Trademarks in favor of the Joint Collateral
     Agent for the benefit of the Trustee to secure the Secured Obligations that
     is effective against subsequent purchasers of such Trademarks;

          (xxvi)   To the extent that the federal patent laws of the United
     States of America are applicable to security interests in patents, the
     provisions of the Intellectual Property Security Agreement together with
     the recordation of the Intellectual Property Security Agreement in the PTO
     against the U.S. patents and patent applications set forth on the schedules
     thereto (the "Patents") within three (3) months of the date thereof is
     effective to create a valid security interest in the Company's and each
     Guarantor's rights in such Patents in favor of the Joint Collateral Agent
     for the benefit of the Trustee to secure the Secured Obligations that is
     effective against subsequent purchasers and mortgagees of such Patents;

          (xxvii)  To the extent that the federal copyright laws of the United
     States of America are applicable to security interests in copyrights, the
     provisions of the Intellectual Property Security Agreement together with
     the recordation of the Intellectual Property Security Agreement in the
     United States Copyright Office against the U.S. registered copyrights set
     forth on the schedules thereto (the "Copyrights") within one (1) month of
     the date thereof is effective to create a valid security interest in the
     Company's and each Guarantor's rights in such Copyrights in favor of the
     Joint Collateral Agent for the benefit of the Trustee to secure the Secured
     Obligations that is effective against subsequent transferees of such
     Copyrights.

          (xxviii) The New Senior Credit Facility has been duly authorized by
     the Company and, when executed and delivered by the Company and the
     subsidiaries of the Company that are obligors thereunder, the New Senior
     Credit Facility will constitute a valid and binding agreement of the
     Company, enforceable against the Company in accordance with its terms,
     subject, as to enforcement, to bankruptcy, insolvency, reorganization and
     other laws of general applicability relating to or affecting creditors'
     rights and to general equity principles; and

          In addition, Skadden will state that it has participated in
     conferences with officers and other representatives of the Company, counsel
     for the Company, representatives of the independent accountants of the
     Company and you and your counsel at which the contents of

                                       17
<Page>

     the Offering Circular and related matters were discussed. Although we are
     not passing upon, and do not assume any responsibility for, the accuracy,
     completeness or fairness of the statements contained in the Offering
     Circular and have made no independent check or verification thereof, on the
     basis of the foregoing, no facts have come to our attention that have led
     us to believe that the Offering Circular, as of its date and as of the date
     hereof, contained or contains an untrue statement of a material fact or
     omitted or omits to state a material fact necessary in order to make the
     statements therein, in light of the circumstances under which they were
     made, not misleading, except that we express no opinion or belief with
     respect to the financial statements, schedules and other financial data
     included. For purposes of the foregoing, Skadden will note that the
     Offering Circular has been prepared in the context of a Rule 144A
     transaction and not as part of a registration statement under the
     Securities Act and does not contain all of the information that would be
     required in a registration statement under the Securities Act.

          For purposes of this Section 7, (A) "Governmental Approval" means any
     consent, approval, license, authorization or validation of, or filing,
     qualification or registration with, any Governmental Authority required to
     be made or obtained by the Company pursuant to Applicable Laws, other than
     any consent, approval, license, authorization, validation, filing,
     qualification or registration which may have become applicable as a result
     of the involvement of any other party (other than the Company) in the
     transactions contemplated by this Agreement, the Indenture, the
     Registration Rights Agreement, the Financing Transactions and the Security
     Documents or because of such parties' legal or regulatory status or because
     of any other facts specifically pertaining to such parties; (B)
     "Governmental Authorities" means any court, regulatory body, administrative
     agency or governmental body of the State of New York, the State of Delaware
     or the United States of America having jurisdiction over the Company under
     any laws of the State of New York, the Federal laws of the United States
     and the DGCL; and (C) "Applicable Laws" means the DGCL, those laws, rules
     and regulations of any court or governmental agency or body having
     jurisdiction over the Company or any of its Subsidiaries or any of their
     properties of the State of New York and the federal laws of the United
     States of America, in each case, which, in our experience, are normally
     applicable to transactions of the type contemplated by this Agreement, the
     Indenture, the Registration Rights Agreement, the Financing Transactions
     and the Security Documents (other than the United States federal securities
     laws, state and foreign securities or blue sky laws, antifraud laws, the
     New York UCC (as defined below) and the rules and regulations of the
     National Association of Securities Dealers, Inc.) without our having made
     any special investigation as to the applicability of any other law, rule or
     regulation.

     (c)  Ira Krakower, Senior Vice President, General Counsel and Secretary for
the Company, shall have furnished to you his written opinion, dated the Time of
Delivery, in form and substance reasonably satisfactory to you, to the effect
that:

          (i)      The Company and each of the Guarantors has power and
     authority (corporate and other) to own its properties and conduct its
     business as described in the Offering Circular;

          (ii)     The Company has an authorized capitalization as set forth in
     the Offering Circular, and all of the issued shares capital stock of the
     Company have been duly and validly authorized and issued and are fully paid
     and non-assessable;

          (iii)    All of the issued shares of capital stock of each Guarantor
     have been duly and validly authorized and issued, are fully paid and
     non-assessable, and (except for directors' qualifying shares and except as
     otherwise set forth in the Offering Circular) are owned directly

                                       18
<Page>

     or indirectly by the Company, free and clear of all liens, encumbrances or
     claims, except for creditor's rights in general to assert claims against
     the assets of the holder of such shares (such counsel being entitled to
     rely in respect of the opinion in this clause upon opinions of local
     counsel and in respect of matters of fact upon certificates of officers of
     the Company or each Guarantor, PROVIDED that such counsel shall state that
     they believe that both you and they are justified in relying upon such
     opinions and certificates);

          (iv)     The Company and each of the Guarantors has been duly
     qualified as a foreign corporation for the transaction of business and is
     in good standing under the laws of each other jurisdiction in which it owns
     or leases properties or conducts any business so as to require such
     qualification, except where the failure to so qualify or be in good
     standing would not result in a Material Adverse Effect (such counsel being
     entitled to rely in respect of the opinion in this clause upon opinions of
     local counsel and in respect of matters of fact upon certificates of
     officers of the Company and each of the Guarantors, PROVIDED that such
     counsel shall state that he believes that both you and he are justified in
     relying upon such opinions and certificates);

          (v)      To the best of such counsel's knowledge and other than as set
     forth in the Offering Circular, there are no legal or governmental
     proceedings pending to which the Company or any of its Subsidiaries is a
     party or of which any property of the Company or any of its Subsidiaries is
     the subject which, if determined adversely to the Company or any of its
     Subsidiaries, would individually or in the aggregate have a Material
     Adverse Effect on the current or future consolidated financial position,
     stockholders' equity or results of operations of the Company and its
     Subsidiaries; and, to the best of such counsel's knowledge, no such
     proceedings are threatened or contemplated by governmental authorities or
     threatened by others;

          (vi)     To the best of such counsel's knowledge, neither the Company
     nor any of its subsidiaries is (i) in violation of its Certificate of
     Incorporation, Certificate of Formation, Partnership Agreement or By-laws
     or other organizational documents or (ii) in default in the performance or
     observance of any obligation, covenant or condition contained in any
     indenture, mortgage, deed of trust, loan agreement, lease or other
     agreement or instrument to which it is a party or by which it or any of its
     properties may be bound;

          (vii)    All of the outstanding shares of capital stock of each of the
     Subsidiaries are owned of record by the Company. Such shares are also owned
     beneficially by the Company and are free and clear of all adverse claims,
     limitations on voting rights, options, and other encumbrances (other than
     those created pursuant to the Security Documents) and are duly authorized,
     validly issued, fully paid and nonassessable, except, where applicable, as
     provided by Section 630 of the New York Business Corporation Law as to the
     subsidiaries incorporated under the laws of New York;

          (vii)    Any and all documents filed by the Company since January 1,
     2002 with the Commission under the Exchange Act (other than the financial
     statements and related schedules therein, as to which such counsel need
     express no opinion), when they were filed with the Commission, complied as
     to form in all material respects with the requirements of the Exchange Act,
     and the rules and regulations of the Commission thereunder; and such
     counsel has no reason to believe that any of such documents, when they were
     so filed, contained an untrue statement of a material fact or omitted to
     state a material fact necessary in order to make the statements therein, in
     the light of the circumstances under which they were made when such
     documents were so filed, not misleading; and

                                       19
<Page>

          (viii)   Such counsel shall also state that, in the course of
     preparing the Offering Circular, he has considered the information set
     forth therein, and has participated in conferences with representatives and
     officers of the Company, including its independent public accountants,
     during the course of which the contents of the Offering Circular and
     related matters were discussed; and that, as a result of such consideration
     and participation, nothing has come to his attention which causes him to
     believe that the Offering Circular and any further amendments or
     supplements thereto made by the Company prior to the Time of Delivery
     (other than the financial statements, financial data and supporting
     schedules therein, as to which such counsel need express no opinion)
     contained as of its date or contains as of the Time of Delivery an untrue
     statement of a material fact or omitted or omits, as the case may be, to
     state a material fact necessary to make the statements therein, in the
     light of the circumstances under which they were made, not misleading.

     (d)  On the date of the Offering Circular prior to the execution of this
Agreement and also at the Time of Delivery, PricewaterhouseCoopers LLP shall
have furnished to you a letter or letters, dated the respective dates of
delivery thereof, in form and substance satisfactory to you;

     (e)  (i) Neither the Company nor any of its subsidiaries shall have
sustained since the date of the latest audited financial statements included in
the Offering Circular any loss or interference with its business from fire,
explosion, flood or other calamity, whether or not covered by insurance, or from
any labor dispute or court or governmental action, order or decree, otherwise
than as set forth or contemplated in the Offering Circular, and (ii) since the
respective dates as of which information is given in the Offering Circular there
shall not have been any change in the capital stock or long-term debt of the
Company or any of its subsidiaries or any change, or any development involving a
prospective change, in or affecting the general affairs, management, financial
position, stockholders' equity or results of operations of the Company and its
subsidiaries, otherwise than as set forth or contemplated in the Offering
Circular, the effect of which, in any such case described in clause (i) or (ii),
is in the judgment of the Purchasers so material and adverse as to make it
impracticable or inadvisable to proceed with the offering or the delivery of the
Securities being issued at the Time of Delivery on the terms and in the manner
contemplated in this Agreement and in the Offering Circular;

     (f)  On or after the date hereof (i) no downgrading shall have occurred in
the rating accorded the Company's debt securities by any "nationally recognized
statistical rating organization," as that term is defined by the Commission for
purposes of Rule 436(g)(2) under the Act, and (ii) no such organization shall
have publicly announced that it has under surveillance or review, with possible
negative implications, its rating of any of the Company's debt securities;

     (g)  On or after the date hereof there shall not have occurred any of the
following: (i) a suspension or material limitation in trading in securities
generally on the New York Stock Exchange; (ii) a suspension or material
limitation in trading in the Company's securities on the New York Stock
Exchange; (iii) a general moratorium on commercial banking activities declared
by either Federal or New York State authorities or a material disruption in
commercial banking or securities settlement or clearance services in the United
States; (iv) the outbreak or escalation of hostilities involving the United
States or the declaration by the United States of a national emergency or war;
or (v) the occurrence of any other calamity or crisis or any change in
financial, political or economic conditions in the United States or elsewhere,
if the effect of any such event specified in clause (iv) or (v) in the judgment
of the Purchasers makes it impracticable or inadvisable to proceed with the
public offering or the delivery of the Securities being issued at the Time of
Delivery on the terms and in the manner contemplated in the Offering Circular;

     (h)  The Securities have been designated for trading on PORTAL;

                                       20
<Page>

     (i)  The Trustee shall have received (with a copy for the Purchasers) on
the Time of Delivery of:

          (i)      appropriately completed copies, which have been duly
     authorized for filing by the appropriate Person, of Uniform Commercial Code
     financing statements naming the Company and each Guarantor as a debtor and
     the Trustee as the secured party, or other similar instruments or documents
     to be filed under the UCC of all jurisdictions as may be necessary or, in
     the reasonable opinion of the Trustee and its counsel, desirable to perfect
     the security interests of the Trustee pursuant to the Security Documents;

          (ii)     appropriately completed copies, which have been duly
     authorized for filing by the appropriate Person, of Uniform Commercial Code
     Form UCC-3 termination statements, if any, necessary to release all Liens
     (other than Permitted Liens) of any Person in any collateral described in
     the Security Documents previously granted by any Person;

          (iii)    certified copies of Uniform Commercial Code Requests for
     Information or Copies (Form UCC-11), or a similar search report certified
     by a party acceptable to the Trustee, dated a date reasonably near to the
     Time of Delivery, listing all effective financing statements which name the
     Company or any Guarantor (under its present name and any previous names) as
     the debtor, together with copies of such financing statements (none of
     which shall cover any collateral described in the Security Documents, other
     than any such financing statement which evidences a Permitted Prior Lien or
     to which a Uniform Commercial Code Form UCC-3 termination statement
     referred to in clause (ii) above has been delivered to the Trustee or the
     Joint Collateral Agent;

          (iv)     such other approvals, opinions, or documents as the Trustee
     may reasonably request in form and substance reasonably satisfactory to the
     Trustee; and

          (v)      the Trustee and its counsel shall be satisfied that (i) the
     Lien granted to the Trustee, for the benefit of the Secured Parties in the
     collateral described above is of the priority described in the Offering
     Circular; and (ii) no Lien exists on any of the collateral described above
     other than the Lien created in favor of the Trustee, for the benefit of the
     Secured Parties, pursuant the Security Documents;

     (j)  All Uniform Commercial Code financing statements or other similar
financing statements and Uniform Commercial Code Form UCC-3 termination
statements required pursuant to clause (h)(i) and (ii) above (collectively, the
"Filing Statements") shall have been delivered to CT Corporation System or
another similar filing service company acceptable to the Trustee (the "Filing
Agent");

     (k)  The Trustee shall have received evidence satisfactory to the Trustee
that the Trustee shall have "control" (within the meaning of Sections 8-106 and
9-106 of the UCC) over any securities accounts included in the Collateral and
"control" (within the meaning of Section 9-104 of the UCC) over the Asset Sale
Proceeds Account included in the Collateral;

     (l)  The Company and each of the Guarantors shall have furnished or caused
to be furnished to you at the Time of Delivery certificates of officers of the
Company and each Guarantor satisfactory to you as to the accuracy of the
representations and warranties of the Company herein at and as of such Time of
Delivery, as to the performance by the Company and each Guarantor of all of its
obligations hereunder and the Security Documents to be performed at or prior to
such Time of Delivery, as to the matters set forth in subsection (e) of this
Section and as to such other matters as you may reasonably request;

                                       21
<Page>

     (m)  The Company shall have consummated the Financing Transactions prior
to, or simultaneously with, the Time of Delivery on substantially the same terms
described in the Offering Circular and the Purchasers shall have received
counterparts, conformed as executed, of all documents relating to the Financing
Transactions as they deem reasonably necessary to evidence the consummation
thereof;

     (n)  The Company and Guarantors shall have delivered executed copies of the
Securities, the Guarantees, the Indenture, the Registration Rights Agreement and
the Security Documents to the Purchasers;

     (o)  On the Closing Date, each Mortgage will conform, as to legal matters,
in all material respects to the description thereof contained in the Offering
Circular.

     (p)  The Company shall have furnished or caused to be furnished to you and
the Trustee the following documentation relating to the Mortgages at the Time of
Delivery:

            (i)      an opinion (satisfactory to you and counsel for the
     Purchasers), dated the Time of Delivery, of counsel for the Company
     acceptable to you in each state in which the property encumbered by a
     Mortgage is located, to the effect that the relevant Mortgage has been duly
     authorized, executed and delivered by the Company and is a valid and
     binding agreement of the Company, enforceable against the Company in
     accordance with its terms except as (x) the enforceability thereof may be
     limited by bankruptcy, insolvency or similar laws affecting creditors'
     rights generally and (y) rights of acceleration and the availability of
     equitable remedies may be limited by equitable principles of general
     applicability; and

            (ii)     in respect of each Owned real property or leasehold real
     property contemplated to be mortgaged a mortgagee's title insurance policy
     (or policies) or marked up unconditional binder for such insurance. Each
     such policy shall (A) be in an amount not less than the outstanding
     principal amount of the indebtedness secured by such Mortgage that is
     reasonably allocable to such real property; (B) be issued at ordinary
     rates; (C) insure that the Mortgage insured thereby creates a valid first
     Lien on, and security interest in, such Owned real property or leasehold
     property contemplated to be mortgaged free and clear of all defects and
     encumbrances, except as disclosed therein; (D) name you and the Trustee for
     the benefit of the Secured Parties as the insured thereunder; (E) be in the
     form of ALTA Loan Policy - 1970 Form B (Amended October 17, 1970 and
     October 17, 1984) (or equivalent policies), if available; (F) contain such
     endorsements and affirmative coverage as you and the Trustee may reasonably
     request in form and substance acceptable to you and the Trustee, including,
     without limitation (to the extent applicable with respect to such Owned
     real property or leasehold property contemplated to be mortgaged and
     available in the jurisdiction in which such Owned real property or
     leasehold property contemplated to be mortgaged is located), the following:
     variable rate endorsement; survey endorsement; comprehensive endorsement;
     zoning; first loss, last dollar and tie-in endorsement; access coverage;
     separate tax parcel coverage; usury; doing business; subdivision; CLTA
     119.2 and CLTA 119.3 (for leased Real Estate, only); contiguity coverage;
     and such other endorsements as you and the Trustee shall reasonably require
     in order to provide insurance against specific risks identified by you and
     the Trustee in connection with such Owned real property or leasehold
     property, and (G) be issued by title companies reasonably satisfactory to
     you and the Trustee (including any such title companies acting as
     co-insurers or reinsurers, at the option of you and the Trustee). You and
     the Trustee shall have received evidence satisfactory to it that all
     premiums in respect of each such policy, all charges for mortgage recording
     tax, and all related expenses, if any, have been paid;

                                       22
<Page>

     (q)  You and the Trustee shall have received from the Company its existing
policies of flood insurance that cover parcels of improved real property that
are encumbered by any Mortgage and have improvements which are located in a
flood zone;

     (r)  You and the Trustee shall have received a copy of all recorded
documents referred to, or listed as exceptions to title in, the title policy or
policies referred to in clause (ii) above and a copy of all other material
documents affecting the Owned real property or leasehold property contemplated
to be mortgaged; and

     (s)  For a period of 180 days from the date of the Offering Circular, the
Company and its Subsidiaries will not, directly or indirectly, sell, offer to
sell, contract to sell, grant any option to purchase, issue any instrument
convertible into or exchangeable for, or otherwise transfer or dispose of (or
enter into any transaction or device which is designed to, or could be expected
to, result in the disposition in the future of), any debt securities of the
Company or any of its Subsidiaries in either the capital markets or the bank
loan markets, except (i) in exchange for the Exchange Securities in connection
with the Exchange Offer or (ii) with the prior consent of Goldman, Sachs & Co.

     8.   (a)      The Company and each Guarantor will, jointly and severally,
indemnify and hold harmless each Purchaser against any losses, claims, damages
or liabilities, joint or several, to which such Purchaser may become subject,
under the Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in any
Preliminary Offering Circular or the Offering Circular, or any amendment or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact necessary to make the statements
therein not misleading, and will reimburse each Purchaser for any legal or other
expenses reasonably incurred by such Purchaser in connection with investigating
or defending any such action or claim as such expenses are incurred; PROVIDED,
HOWEVER, that neither the Company nor any Guarantor shall be liable in any such
case to the extent that any such loss, claim, damage or liability arises out of
or is based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in any Preliminary Offering Circular or the Offering
Circular or any such amendment or supplement in reliance upon and in conformity
with written information furnished to the Company by any Purchaser through
Goldman, Sachs & Co. expressly for use therein;

     (b)  Each Purchaser will indemnify and hold harmless the Company and the
Guarantors against any losses, claims, damages or liabilities to which the
Company and any Guarantor may become subject, under the Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in any Preliminary Offering Circular or
the Offering Circular, or any amendment or supplement thereto, or arise out of
or are based upon the omission or alleged omission to state therein a material
fact or necessary to make the statements therein not misleading, in each case to
the extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in any Preliminary Offering
Circular or the Offering Circular or any such amendment or supplement in
reliance upon and in conformity with written information furnished to the
Company by such Purchaser through Goldman, Sachs & Co. expressly for use
therein; and will reimburse the Company and the Guarantors for any legal or
other expenses reasonably incurred by the Company and the Guarantors in
connection with investigating or defending any such action or claim as such
expenses are incurred;

     (c)  Promptly after receipt by an indemnified party under subsection (a) or
(b) above of notice of the commencement of any action, such indemnified party
shall, if a claim in respect thereof is to be made against the indemnifying
party under such subsection, notify the indemnifying party in writing of

                                       23
<Page>

the commencement thereof; but the omission so to notify the indemnifying party
shall not relieve it from any liability which it may have to any indemnified
party otherwise than under such subsection. In case any such action shall be
brought against any indemnified party and it shall notify the indemnifying party
of the commencement thereof, the indemnifying party shall be entitled to
participate therein and, to the extent that it shall wish, jointly with any
other indemnifying party similarly notified, to assume the defense thereof, with
counsel satisfactory to such indemnified party (who shall not, except with the
consent of the indemnified party, be counsel to the indemnifying party), and,
after notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof, the indemnifying party shall not be
liable to such indemnified party under such subsection for any legal expenses of
other counsel or any other expenses, in each case subsequently incurred by such
indemnified party, in connection with the defense thereof other than reasonable
costs of investigation. No indemnifying party shall, without the written consent
of the indemnified party, effect the settlement or compromise of, or consent to
the entry of any judgment with respect to, any pending or threatened action or
claim in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified party is an actual or potential party
to such action or claim) unless such settlement, compromise or judgment (i)
includes an unconditional release of the indemnified party from all liability
arising out of such action or claim and (ii) does not include a statement as to,
or an admission of, fault, culpability or a failure to act, by or on behalf of
any indemnified party;

     (d)  If the indemnification provided for in this Section 8 is unavailable
to or insufficient to hold harmless an indemnified party under subsection (a) or
(b) above in respect of any losses, claims, damages or liabilities (or actions
in respect thereof) referred to therein, then each indemnifying party 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 the relative benefits received
by the Company and the Guarantors on the one hand and the Purchasers on the
other from the offering of the Securities. If, however, the allocation provided
by the immediately preceding sentence is not permitted by applicable law or if
the indemnified party failed to give the notice required under subsection (c)
above, then each indemnifying party shall contribute to such amount paid or
payable by such indemnified party in such proportion as is appropriate to
reflect not only such relative benefits but also the relative fault of the
Company and the Guarantors on the one hand and the Purchasers on the other in
connection with the statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect thereof), as well as any
other relevant equitable considerations. The relative benefits received by the
Company and the Guarantors on the one hand and the Purchasers on the other shall
be deemed to be in the same proportion as the total net proceeds from the
offering (before deducting expenses) received by the Company and the Guarantors
bear to the total underwriting discounts and commissions received by the
Purchasers, in each case as set forth in the Offering Circular. The relative
fault shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company
and the Guarantors on the one hand or the Purchasers on the other and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The Company, the Guarantors and
the Purchasers agree that it would not be just and equitable if contribution
pursuant to this subsection (d) were determined by pro rata allocation (even if
the Purchasers were treated as one entity for such purpose) or by any other
method of allocation which does not take account of the equitable considerations
referred to above in this subsection (d). The amount paid or payable by an
indemnified party as a result of the losses, claims, damages or liabilities (or
actions in respect thereof) referred to above in this subsection (d) shall be
deemed to

                                       24
<Page>

include any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this subsection (d), no Purchaser shall be
required to contribute any amount in excess of the amount by which the total
price at which the Securities underwritten by it and distributed to investors
were offered to investors exceeds the amount of any damages which such Purchaser
has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. The Purchasers' obligations in this
subsection (d) to contribute are several in proportion to their respective
underwriting obligations and not joint; and

     (e)  The obligations of the Company and the Guarantors under this Section 8
shall be in addition to any liability which the Company and the Guarantors may
otherwise have and shall extend, upon the same terms and conditions, to each
person, if any, who controls any Purchaser within the meaning of the Act; and
the obligations of the Purchasers under this Section 8 shall be in addition to
any liability which the respective Purchasers may otherwise have and shall
extend, upon the same terms and conditions, to each officer and director of the
Company or any Guarantor and to each person, if any, who controls the Company or
any Guarantor within the meaning of the Act.

     9.   (a) If any Purchaser shall default in its obligation to purchase the
Securities which it has agreed to purchase hereunder, you may in your discretion
arrange for you or another party or other parties to purchase such Securities on
the terms contained herein. If within 36 hours after such default by any
Purchaser you do not arrange for the purchase of such Securities, then the
Company shall be entitled to a further period of 36 hours within which to
procure another party or other parties satisfactory to you to purchase such
Securities on such terms. In the event that, within the respective prescribed
periods, you notify the Company that you have so arranged for the purchase of
such Securities, or the Company notifies you that it has so arranged for the
purchase of such Securities, you or the Company shall have the right to postpone
the Time of Delivery for a period of not more than seven days, in order to
effect whatever changes may thereby be made necessary in the Offering Circular,
or in any other documents or arrangements, and the Company agrees to prepare
promptly any amendments to the Offering Circular which in your opinion may
thereby be made necessary. The term "Purchaser" as used in this Agreement shall
include any person substituted under this Section with like effect as if such
person had originally been a party to this Agreement with respect to such
Securities; and

     (b)  If, after giving effect to any arrangements for the purchase of the
Securities of a defaulting Purchaser or Purchasers by you and the Company as
provided in subsection (a) above, the aggregate principal amount of such
Securities which remains unpurchased does not exceed one-eleventh of the
aggregate principal amount of all the Securities, then the Company shall have
the right to require each non-defaulting Purchaser to purchase the principal
amount of Securities which such Purchaser agreed to purchase hereunder and, in
addition, to require each non-defaulting Purchaser to purchase its pro rata
share (based on the principal amount of Securities which such Purchaser agreed
to purchase hereunder) of the Securities of such defaulting Purchaser or
Purchasers for which such arrangements have not been made; but nothing herein
shall relieve a defaulting Purchaser from liability for its default;

     (c)  If, after giving effect to any arrangements for the purchase of the
Securities of a defaulting Purchaser or Purchasers by you and the Company as
provided in subsection (a) above, the aggregate principal amount of Securities
which remains unpurchased exceeds one-eleventh of the aggregate principal amount
of all the Securities, or if the Company shall not exercise the right described
in subsection (b) above to require non-defaulting Purchasers to purchase
Securities of a defaulting Purchaser or Purchasers, then this Agreement shall
thereupon terminate, without liability on

                                       25
<Page>

the part of any non-defaulting Purchaser or the Company, except for the expenses
to be borne by the Company and the Purchasers as provided in Section 6 hereof
and the indemnity and contribution agreements in Section 8 hereof; but nothing
herein shall relieve a defaulting Purchaser from liability for its default.

     10.  The respective indemnities, agreements, representations, warranties
and other statements of the Company, the Guarantors and the several Purchasers,
as set forth in this Agreement or made by or on behalf of them, respectively,
pursuant to this Agreement, shall remain in full force and effect, regardless of
any investigation (or any statement as to the results thereof) made by or on
behalf of any Purchaser or any controlling person of any Purchaser, or the
Company, the Guarantors or any officer or director or controlling person of the
Company or a Guarantor, and shall survive delivery of and payment for the
Securities.

     11.  If this Agreement shall be terminated pursuant to Section 9 hereof,
the Company shall not then be under any liability to any Purchaser except as
provided in Sections 6 and 8 hereof; but, if for any other reason, the
Securities are not delivered by or on behalf of the Company as provided herein,
the Company will reimburse the Purchasers through you for all out-of-pocket
expenses approved in writing by you, including fees and disbursements of
counsel, reasonably incurred by the Purchasers in making preparations for the
purchase, sale and delivery of the Securities, but the Company shall then be
under no further liability to any Purchaser except as provided in Sections 6 and
8 hereof.

     12.  In all dealings hereunder, you shall act on behalf of each of the
Purchasers, and the parties hereto shall be entitled to act and rely upon any
statement, request, notice or agreement on behalf of any Purchaser made or given
by you jointly or by Goldman, Sachs & Co. on behalf of you as the
representatives.

     All statements, requests, notices and agreements hereunder shall be in
writing, and if to the Purchasers shall be delivered or sent by mail, telex or
facsimile transmission to you as the representatives in care of Goldman, Sachs &
Co., 85 Broad Street, New York, New York 10004, Attention: Registration
Department; and if to the Company shall be delivered or sent by mail, telex or
facsimile transmission to the address of the Company set forth in the Offering
Circular, Attention: Secretary; PROVIDED, HOWEVER, that any notice to a
Purchaser pursuant to Section 8(c) hereof shall be delivered or sent by mail,
telex or facsimile transmission to such Purchaser at its address set forth in
its Purchasers' Questionnaire, or telex constituting such Questionnaire, which
address will be supplied to the Company by you upon request. Any such
statements, requests, notices or agreements shall take effect upon receipt
thereof.

     13.  This Agreement shall be binding upon, and inure solely to the benefit
of, the Purchasers, the Company, the Guarantors and, to the extent provided in
Sections 8 and 10 hereof, the officers and directors of the Company and the
Guarantors and each person who controls the Company, any Guarantor or any
Purchaser, and their respective heirs, executors, administrators, successors and
assigns, and no other person shall acquire or have any right under or by virtue
of this Agreement. No purchaser of any of the Securities from any Purchaser
shall be deemed a successor or assign by reason merely of such purchase.

     14.  Time shall be of the essence of this Agreement.

     15.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

                                       26
<Page>

     16.  This Agreement may be executed by any one or more of the parties
hereto in any number of counterparts, each of which shall be deemed to be an
original, but all such respective counterparts shall together constitute one and
the same instrument.

     17.  The Company is authorized, subject to applicable law, to disclose any
and all aspects of this potential transaction that are necessary to support any
U.S. Federal income tax benefits expected to be claimed with respect to such
transaction, and all materials of any kind (including tax opinions and other tax
analyses) related to those benefits, without the Purchasers imposing any
limitation of any kind.

                                       27
<Page>

     If the foregoing is in accordance with your understanding, please sign and
return to us five counterparts hereof, and upon the acceptance hereof by you, on
behalf of each of the Purchasers, this letter and such acceptance hereof shall
constitute a binding agreement between each of the Purchasers, the Company and
the Guarantors. It is understood that your acceptance of this letter on behalf
of each of the Purchasers is pursuant to the authority set forth in a form of
Agreement among Purchasers, the form of which shall be submitted to the Company
for examination upon request, but without warranty on your part as to the
authority of the signers thereof.

                                       Very truly yours,

                                       Hexcel Corporation

                                       By: /s/ David E. Berges
                                           ------------------------------------
                                           Name: David E. Berges
                                           Title: Chairman, President and CEO

                                       Clark-Schwebel Holding Corp.,

                                       By: /s/ Rodney P. Jenks, Jr.
                                           ------------------------------------
                                           Name: Rodney P. Jenks, Jr.
                                           Title: Vice President

                                       Clark-Schwebel Corporation

                                       By: /s/ Rodney P. Jenks, Jr.
                                           ------------------------------------
                                           Name: Rodney P. Jenks, Jr.
                                           Title: Vice President

                                       Hexcel Pottsville Corporation

                                       By: /s/ Rodney P. Jenks, Jr.
                                           ------------------------------------
                                           Name: Rodney P. Jenks, Jr.
                                           Title: Vice President

                                       28
<Page>

Accepted as of the date hereof:

Goldman, Sachs & Co.
Fleet Securities, Inc.

By:  /s/ Goldman, Sachs & Co.
     ----------------------------------
             (Goldman, Sachs & Co.)

                                       29<Page>

                                                                  EXHIBIT 10.63

                               HEXCEL CORPORATION

                      9.875% SENIOR SECURED NOTES DUE 2008

                      UNCONDITIONALLY GUARANTEED AS TO THE
                         PAYMENT OF PRINCIPAL, PREMIUM,
                             IF ANY, AND INTEREST BY

                          CLARK-SCHWEBEL HOLDING CORP.
                           CLARK-SCHWEBEL CORPORATION
                          HEXCEL POTTSVILLE CORPORATION
                            CS TECH-FAB HOLDING, INC.

                                   ----------

                   EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                                                                  March 19, 2003
Goldman, Sachs & Co.,
Fleet Securities, Inc.
c/o Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004

Ladies and Gentlemen:

     Hexcel Corporation, a Delaware corporation (the "Company"), proposes to
issue and sell to the Purchasers (as defined herein) upon the terms set forth in
the Purchase Agreement (as defined herein) its 9.875% Senior Secured Notes due
2008, which are unconditionally guaranteed by Clark-Schwebel Holding Corp., a
Delaware corporation, Hexcel Pottsville Corporation, a Delaware corporation and
CS Tech-Fab Holding, Inc., a Delaware corporation (together, the "Guarantors").
As an inducement to the Purchasers to enter into the Purchase Agreement and in
satisfaction of a condition to the obligations of the Purchasers thereunder, the
Company agrees with the Purchasers for the benefit of holders (as defined
herein) from time to time of the Registrable Securities (as defined herein) as
follows:

     1. CERTAIN DEFINITIONS. For purposes of this Exchange and Registration
Rights Agreement, the following terms shall have the following respective
meanings:

     "AFFILIATE" shall mean (i) any other person, directly or indirectly,
   controlling or controlled by or under direct or indirect common control with
   such specified person; or (ii) any other person who is a director or officer
   (A) of such specified person, (B) of any subsidiary of such specified person
   or (C) of any person described in clause (i). For the purposes of this
   definition, "control" when used with respect to any person means the power to
   direct the management and policies of such person, directly or indirectly,
   whether through the ownership of voting securities, by contract or otherwise.

<Page>

     "BASE INTEREST" shall mean the interest that would otherwise accrue on the
   Securities under the terms thereof and the Indenture, without giving effect
   to the provisions of this Agreement.

     The term "BROKER-DEALER" shall mean any broker or dealer registered with
   the Commission under the Exchange Act.

     "CLOSING DATE" shall mean the date on which the Securities are initially
   issued.

     "COMMISSION" shall mean the United States Securities and Exchange
   Commission, or any other federal agency at the time administering the
   Exchange Act or the Securities Act, whichever is the relevant statute for the
   particular purpose.

     "EFFECTIVE TIME," in the case of (i) an Exchange Registration, shall mean
   the time and date as of which the Commission declares the Exchange
   Registration Statement effective or as of which the Exchange Registration
   Statement otherwise becomes effective, (ii) a Shelf Registration, shall mean
   the time and date as of which the Commission declares the Shelf Registration
   Statement effective or as of which the Shelf Registration Statement otherwise
   becomes effective and (iii) a Market Making Shelf, shall mean the time and
   date as of which the Commission declares the Market Making Shelf Registration
   Statement effective or as of which the Market Making Shelf Registration
   Statement otherwise becomes effective.

     "ELECTING HOLDER" shall mean any holder of Registrable Securities that has
   returned a completed and signed Notice and Questionnaire to the Company in
   accordance with Section 3(d)(ii) or 3(d)(iii) hereof.

     "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934, or any
   successor thereto, as the same shall be amended from time to time.

     "EXCHANGE OFFER" shall have the meaning assigned thereto in Section 2(a)
   hereof.

     "EXCHANGE REGISTRATION" shall have the meaning assigned thereto in Section
   3(c) hereof.

     "EXCHANGE REGISTRATION STATEMENT" shall have the meaning assigned thereto
   in Section 2(a) hereof.

     "EXCHANGE SECURITIES" shall have the meaning assigned thereto in Section
   2(a) hereof.

     "GUARANTORS" shall have the meaning assigned thereto in the Indenture.

     The term "HOLDER" shall mean each of the Purchasers and other persons who
   acquire Registrable Securities from time to time (including any successors or
   assigns), in each case for so long as such person owns any Registrable
   Securities.

     "INDENTURE" shall mean the Indenture, dated as of March 19, 2003, between
   the Company, the Guarantors and Wells Fargo Bank Minnesota, National
   Association, as Trustee, as the same shall be amended from time to time.

     "MARKET MAKER" shall mean Goldman Sachs International, Goldman, Sachs &.
   Co. or any of their affiliates (other than the Company and its subsidiaries)
   involved in market making activities with respect to the Securities or
   Exchange Securities .

                                       2
<Page>

     "MARKET MAKING SHELF" shall have the meaning assigned thereto in Section
   2(b) hereof.

     "MARKET MAKING SHELF REGISTRATION STATEMENT" shall have the meaning
   assigned thereto in Section 2(b) hereof.

     "NOTICE AND QUESTIONNAIRE" means a Notice of Registration Statement and
   Selling Securityholder Questionnaire substantially in the form of Exhibit A
   hereto.

     The term "PERSON" shall mean a corporation, association, partnership,
   organization, business, individual, government or political subdivision
   thereof or governmental agency.

     "PURCHASE AGREEMENT" shall mean the Purchase Agreement, dated as of March
   7, 2003, between the Purchasers, the Guarantors and the Company relating to
   the Securities.

     "PURCHASERS" shall mean the Purchasers named in Schedule I to the Purchase
   Agreement.

     "REGISTRABLE SECURITIES" shall mean the Securities; PROVIDED, HOWEVER, that
   a Security shall cease to be a Registrable Security when (i) in the
   circumstances contemplated by Section 2(a) hereof, the Security has been
   exchanged for an Exchange Security in an Exchange Offer as contemplated in
   Section 2(a) hereof (provided that any Exchange Security that, pursuant to
   the last two sentences of Section 2(a), is included in a prospectus for use
   in connection with resales by broker-dealers shall be deemed to be a
   Registrable Security with respect to Sections 5, 6 and 9 until resale of such
   Registrable Security has been effected within the 180-day period referred to
   in Section 2(a)); (ii) in the circumstances contemplated by Section 2(b)
   hereof, a Shelf Registration Statement registering such Security under the
   Securities Act has been declared or becomes effective and such Security has
   been sold or otherwise transferred by the holder thereof pursuant to and in a
   manner contemplated by such effective Shelf Registration Statement; (iii)
   such Security is sold pursuant to Rule 144 under circumstances in which any
   legend borne by such Security relating to restrictions on transferability
   thereof, under the Securities Act or otherwise, is removed by the Company or
   pursuant to the Indenture; (iv) such Security is eligible to be sold pursuant
   to paragraph (k) of Rule 144; or (v) such Security shall cease to be
   Outstanding (as defined in the Indenture); PROVIDED, FURTHER that for
   purposes of clauses 3(d), 4, 5, 6, 8 and 9 hereof, Securities and Exchange
   Securities, insofar as they relate to the market making activities of the
   Market Maker, shall be deemed to be Registrable Securities.

     "REGISTRATION DEFAULT" shall have the meaning assigned thereto in Section
   2(c) hereof.

     "REGISTRATION EXPENSES" shall have the meaning assigned thereto in Section
   4 hereof.

     "RESALE PERIOD" shall have the meaning assigned thereto in Section 2(a)
   hereof.

     "RESTRICTED HOLDER" shall mean (i) a holder that is an affiliate of the
   Company within the meaning of Rule 405, (ii) a holder who acquires Exchange
   Securities outside the ordinary course of such holder's business, (iii) a
   holder who has arrangements or understandings with any person to participate
   in the Exchange Offer for the purpose of distributing Exchange Securities and
   (iv) a holder that is a broker-dealer, but only with respect to Exchange
   Securities received by such broker-dealer pursuant to an Exchange Offer in
   exchange for Registrable Securities acquired by the broker-dealer directly
   from the Company.

                                       3
<Page>

     "RULE 144," "RULE 405" AND "RULE 415" shall mean, in each case, such rule
   promulgated under the Securities Act (or any successor provision), as the
   same shall be amended from time to time.

     "SECURITIES" shall mean, collectively, the 9.875% Senior Secured Notes due
   2008 of the Company to be issued and sold to the Purchasers, and securities
   issued in exchange therefor or in lieu thereof pursuant to the Indenture.
   Each Security is entitled to the benefit of the guarantees provided for in
   the Indenture (the "Guarantees") and, unless the context otherwise requires,
   any reference herein to a "Security," an "Exchange Security" or a
   "Registrable Security" shall include a reference to the related Guarantees.

     "SECURITIES ACT" shall mean the Securities Act of 1933, or any successor
   thereto, as the same shall be amended from time to time.

     "SHELF REGISTRATION" shall have the meaning assigned thereto in Section
   2(b) hereof.

     "SHELF REGISTRATION STATEMENT" shall have the meaning assigned thereto in
   Section 2(b) hereof.

     "SPECIAL INTEREST" shall have the meaning assigned thereto in Section 2(d)
   hereof.

     "TRANSFER RESTRICTED SECURITIES" shall mean each note until (i) the date on
   which such note has been exchanged by a Person other than a broker-dealer for
   an Exchange Security in the Exchange Offer, (ii) following the exchange by a
   broker-dealer in the Exchange Offer of a note for an Exchange Security, the
   date on which such Exchange Security is sold to a purchaser who receives from
   such broker-dealer on or prior to the date of such sale a copy of the
   prospectus contained in the Exchange Registration Statement, (iii) the date
   on which such note has been effectively registered under the Securities Act
   and disposed of in accordance with the Shelf Registration Statement, or (iv)
   the date on which such note is distributed to the public pursuant to Rule 144
   under the Securities Act.

     "TRUST INDENTURE ACT" shall mean the Trust Indenture Act of 1939, or any
   successor thereto, and the rules, regulations and forms promulgated
   thereunder, all as the same shall be amended from time to time.

     Unless the context otherwise requires, any reference herein to a "Section"
or "clause" refers to a Section or clause, as the case may be, of this Exchange
and Registration Rights Agreement, and the words "herein," "hereof" and
"hereunder" and other words of similar import refer to this Exchange and
Registration Rights Agreement as a whole and not to any particular Section or
other subdivision.

         2. REGISTRATION UNDER THE SECURITIES ACT.

     (a) Except as set forth in Section 2(b) below, the Company and the
   Guarantors agree to file with the Commission under the Securities Act on or
   prior to 120 days after the Closing Date, a registration statement relating
   to an offer to exchange (such registration statement, the "Exchange
   Registration Statement", and such offer, the "Exchange Offer") any and all of
   the Securities for a like aggregate principal amount of debt securities
   issued by the Company and guaranteed by each of the Guarantors, which debt
   securities and guarantees are substantially identical to the Securities and
   the related Guarantees, respectively (and are entitled to the benefits of a
   trust indenture which is substantially identical to the Indenture or is the
   Indenture and which has been qualified under the Trust Indenture Act), except
   that they have been registered pursuant to an effective registration
   statement under the

                                       4
<Page>

   Securities Act and do not contain provisions for the additional interest
   contemplated in Section 2(d) below (such new debt securities hereinafter
   called "Exchange Securities"). The Company and the Guarantors will use their
   best efforts to have the Exchange Registration Statement declared effective
   by the Commission on or prior to 210 days after the Closing Date. The
   Exchange Offer will be registered under the Securities Act on the appropriate
   form and will comply with all applicable tender offer rules and regulations
   under the Exchange Act. Unless the Exchange Offer would not be permitted by
   applicable law or Commission policy, the Company and the Guarantors will
   commence the Exchange Offer and use their best efforts to issue on or prior
   to 60 business days, or longer, if required by the federal securities laws,
   after the date on which the Exchange Registration Statement was declared
   effective by the Commission, Exchange Securities in exchange for all notes
   tendered prior thereto in the Exchange Offer. The Exchange Offer will be
   deemed to have been "completed" only if the debt securities and related
   guarantees received by holders other than Restricted Holders in the Exchange
   Offer for Registrable Securities are, upon receipt, transferable by each such
   holder without restriction under the Securities Act and the Exchange Act and
   without material restrictions under the blue sky or securities laws of a
   substantial majority of the States of the United States of America. The
   Exchange Offer shall be deemed to have been completed upon the earlier to
   occur of (i) the Company having exchanged the Exchange Securities for all
   Outstanding Registrable Securities pursuant to the Exchange Offer and (ii)
   the Company having exchanged, pursuant to the Exchange Offer, Exchange
   Securities for all Registrable Securities that have been properly tendered
   and not withdrawn before the expiration of the Exchange Offer, which shall be
   on a date that is at least 30 days following the commencement of the Exchange
   Offer. The Company agrees (x) to include in the Exchange Registration
   Statement a prospectus for use in any resales by any holder of Exchange
   Securities that is a broker-dealer and (y) use its best efforts to keep such
   Exchange Registration Statement effective for a period (the "Resale Period")
   beginning when Exchange Securities are first issued in the Exchange Offer and
   ending upon the earlier of the expiration of the 180th day after the Exchange
   Offer has been completed or such time as such broker-dealers no longer own
   any Registrable Securities. With respect to such Exchange Registration
   Statement, such holders shall have the benefit of the rights of
   indemnification and contribution set forth in Sections 6(a), (c), (d) and (e)
   hereof.

     (b) (i) If the Company and the Guarantors are not required to file the
   Exchange Registration Statement or are not permitted to consummate the
   Exchange Offer because the Exchange Offer is not permitted by applicable law
   or Commission policy, (ii) the Exchange Offer has not been completed within
   270 days following the Closing Date or (iii) any holder of Transfer
   Restricted Securities notifies the Company prior to the 20th day following
   consummation of the Exchange Offer that (a) it is prohibited by law or
   Commission policy from participating in the Exchange Offer, (b) that it may
   not resell the Exchange Securities acquired by it in the Exchange Offer to
   the public without delivering a prospectus and the prospectus contained in
   the Exchange Registration Statement is not appropriate or available for such
   resales, or (c) that it is a broker-dealer and owns notes acquired directly
   from the Company or an Affiliate of the Company, the Company and the
   Guarantors shall, in lieu of (or, in the case of clause (iii), in addition
   to) conducting the Exchange Offer contemplated by Section 2(a), be obligated
   to file with the Commission on or prior to 90 days after such filing
   obligation arises, a "shelf" registration statement providing for the
   registration of, and the sale on a continuous or delayed basis by the holders
   of, all of the Registrable Securities, pursuant to Rule 415 or any similar
   rule that may be adopted by the Commission (such filing, the "Shelf
   Registration" and such registration statement, the "Shelf Registration
   Statement"). The Company and the Guarantors agree to use their best efforts
   (x) to cause the Shelf Registration Statement to be declared effective by the
   Commission on or prior to

                                       F-1
<Page>

   180 days after such obligation arises and to keep such Shelf Registration
   Statement continuously effective for a period ending on the earlier of the
   second anniversary of the Effective Time or such time as there are no longer
   any Registrable Securities Outstanding, PROVIDED, however, that no holder
   shall be entitled to be named as a selling securityholder in the Shelf
   Registration Statement or to use the prospectus forming a part thereof for
   resales of Registrable Securities unless such holder is an Electing Holder,
   and (y) after the Effective Time of the Shelf Registration Statement,
   promptly upon the request of any holder of Registrable Securities that is not
   then an Electing Holder, to take any action reasonably necessary to enable
   such holder to use the prospectus forming a part thereof for resales of
   Registrable Securities, including, without limitation, any action necessary
   to identify such holder as a selling securityholder in the Shelf Registration
   Statement, PROVIDED, HOWEVER, that nothing in this Clause (y) shall relieve
   any such holder of the obligation to return a completed and signed Notice and
   Questionnaire to the Company in accordance with Section 3(d)(iii) hereof. The
   Company and the Guarantors further agree to supplement or make amendments to
   the Shelf Registration Statement, as and when required by the rules,
   regulations or instructions applicable to the registration form used by the
   Company for such Shelf Registration Statement or by the Securities Act or
   rules and regulations thereunder for shelf registration, and the Company
   agrees to furnish to each Electing Holder copies of any such supplement or
   amendment prior to its being used or promptly following its filing with the
   Commission.

     (c) The Company and the Guarantors shall file under the Securities Act, on
   the date that the Exchange Registration Statement (or in lieu thereof, the
   Shelf Registration Statement) becomes or is declared effective, a "shelf"
   registration statement (which may be the Exchange Registration Statement or
   the Shelf Registration Statement if permitted by the rules and regulations of
   the Commission) in a form approved by the Market Maker, pursuant to Rule 415
   under the Securities Act or any similar rule that may be adopted by the
   Commission providing for the registration of, and the sale on a continuous or
   delayed basis in secondary transactions by the Market Maker of, the
   Securities (in the event of a Shelf Registration) or Exchange Securities (in
   the event of an Exchange Offer) (such filing, the "Market Making Shelf", and
   such registration statement, the "Market Making Shelf Registration
   Statement"). The Company agrees to use its commercially reasonable efforts to
   cause the Market Making Shelf Registration Statement to become or be declared
   effective on or prior to (i) the date the Exchange Offer is completed
   pursuant to clause 2(a) above or (ii) the date the Shelf Registration becomes
   or is declared effective pursuant to clause 2(b) above, and to keep such
   Market Making Shelf continuously effective for so long as the Market Maker
   may be required to deliver a prospectus in connection with secondary
   transactions in the Securities or the Exchange Securities. In the event that
   the Market Maker holds Securities at the time of the Exchange Offer, the
   Company agrees that the Market Making Shelf shall provide for the resale by
   the Market Maker of such Securities and the Company shall use its
   commercially reasonable efforts to keep the Market Making Shelf continuously
   effective until the Market Maker determines in its reasonable judgment that
   they are no longer required to deliver a prospectus in connection with the
   sale of such Securities. The Company further agrees to supplement or make
   amendments to the Market Making Shelf, as and when required by the rules,
   regulations or instructions applicable to the registration form used by the
   Company for such Market Making Shelf or by the Securities Act or rules and
   regulations thereunder for shelf registration, and the Company agrees to
   furnish to the Market Maker copies of any such supplement or amendment prior
   to its being used or promptly following its filing with the Commission.

     Notwithstanding the foregoing, the Company may suspend the offering and
   sale under the Market Making Shelf Registration Statement for a period or
   periods the Board of

                                       F-2
<Page>

   Directors and the Company reasonably determines to be necessary, but in any
   event not to exceed 120 days in aggregate each year during which the Market
   Making Shelf Registration Statement is required to be effective and usable
   hereunder (measured from the Effective Time of the Market Making Shelf
   Registration Statement to successive anniversaries thereof), if (A) (i) the
   Company or its subsidiaries shall be engaged in a material financing,
   acquisition, disposition, corporate reorganization, merger or other
   transaction or corporate development and (ii) the Board of Directors of the
   Company determines in good faith that disclosure of such transaction would
   not be in the interest of the Company or would have a material adverse effect
   on the consummation of such transaction, and (B) the Company notifies the
   Market Maker within five days after such Board of Directors makes the
   relevant determination set forth in sub-clause (A) of this clause 2(c).

     (d) In the event that (i) the Company and the Guarantors fail to file the
   Exchange Registration Statement, or the Shelf Registration Statement, if
   applicable, on or before the date specified for such filing pursuant to
   Section 2(a) or 2(b), respectively, or (ii) such Exchange Registration
   Statement or Shelf Registration Statement is not declared effective by the
   Commission on or prior to the date specified for such effectiveness (the
   "Effectiveness Target Date") pursuant to Section 2(a), 2(b) or 2(c),
   respectively, or (iii) the Company and the Guarantors fail to consummate the
   Exchange Offer within 30 business days of the Effectiveness Target Date with
   respect to the Exchange Registration Statement (if the Exchange Offer is then
   required to be made) or (iv) any Exchange Registration Statement or Shelf
   Registration Statement required by Section 2(a) or 2(b) hereof is declared
   effective but thereafter ceases to be effective or usable in connection with
   the resales of Transfer Restricted Securities during the periods specified
   herein (except as specifically permitted herein) without being succeeded
   immediately by an additional registration statement filed and declared
   effective (each such event referred to in clauses (i) through (iv), a
   "Registration Default" and each period during which a Registration Default
   has occurred and is continuing, a "Registration Default Period"), then the
   Company and the Guarantors will pay as liquidated damages for such
   Registration Default ("Special Interest") to each holder of notes, with
   respect to the first 90-day period immediately following the occurrence of
   the first Registration Default in an amount equal to $.05 per week per $1,000
   principal amount of notes held by such holder. The amount of the Special
   Interest will increase by an additional $.05 per week per $1,000 principal
   amount of notes with respect to each subsequent 90-day period until all
   Registration Defaults have been cured, up to a maximum amount of Special
   Interest for all Registration Defaults of $.20 per week per $1,000 principal
   amount of notes. All accrued Special Interest will be paid by the Company and
   the Guarantors on each Interest Payment Date to the Global Note Holder by
   wire transfer of immediately available funds or by federal funds check and to
   Holders of Certificated Notes by wire transfer to the accounts specified by
   them or by mailing checks to their registered addresses if no such accounts
   have been specified. On or immediately prior to the date of the cure of all
   Registration Defaults, the accrual of Special Interest will cease.

     (e) The Company shall also furnish or cause to be furnished to the Market
   Maker without charge at least one conformed copy of the Market Making
   Registration Statement and any post-effective amendment thereto and as many
   copies of the related prospectus and any amendment or supplement as the
   Market Maker may reasonably request.

     (f) The Company shall take, and shall cause the Guarantors to take, all
   actions necessary or advisable to be taken by it to ensure that the
   transactions contemplated herein are effected as so contemplated, including
   all actions necessary or desirable to register the Guarantee under the
   registration statement contemplated in Section 2(a) or 2(b) hereof, as
   applicable.

                                       F-3
<Page>

     3. REGISTRATION PROCEDURES.

        If the Company and the Guarantors file a registration statement pursuant
to Section 2(a), Section 2(b) or Section 2(c), the following provisions shall
apply:

     (a) At or before the Effective Time of the Exchange Offer, the Shelf
   Registration or the Market Making Shelf, as the case may be, the Company
   shall qualify the Indenture under the Trust Indenture Act of 1939.

     (b) In the event that such qualification would require the appointment of a
   new trustee under the Indenture, the Company shall appoint a new trustee
   thereunder pursuant to the applicable provisions of the Indenture.

     (c) In connection with the Company's and the Guarantors' obligations with
   respect to the registration of Exchange Securities as contemplated by Section
   2(a) (the "Exchange Registration"), if applicable, the Company and the
   Guarantors shall, as soon as practicable (or as otherwise specified):

             (i) prepare and file with the Commission on or prior to 120 days
         after the Closing Date, an Exchange Registration Statement on any form
         which may be utilized by the Company and which shall permit the
         Exchange Offer and resales of Exchange Securities by broker-dealers
         during the Resale Period to be effected as contemplated by Section
         2(a), and use its best efforts to cause such Exchange Registration
         Statement to become effective on or prior to 210 days after the Closing
         Date;

             (ii) as soon as practicable prepare and file with the Commission
         such amendments and supplements to such Exchange Registration Statement
         and the prospectus included therein as may be necessary to effect and
         maintain the effectiveness of such Exchange Registration Statement for
         the periods and purposes contemplated in Section 2(a) hereof and as may
         be required by the applicable rules and regulations of the Commission
         and the instructions applicable to the form of such Exchange
         Registration Statement, and promptly provide each broker-dealer holding
         Exchange Securities with such number of copies of the prospectus
         included therein (as then amended or supplemented), in conformity in
         all material respects with the requirements of the Securities Act and
         the Trust Indenture Act and the rules and regulations of the Commission
         thereunder, as such broker-dealer reasonably may request prior to the
         expiration of the Resale Period, for use in connection with resales of
         Exchange Securities;

             (iii) promptly notify each broker-dealer that has requested or
         received copies of the prospectus included in such registration
         statement, and confirm such advice in writing, (A) when such Exchange
         Registration Statement or the prospectus included therein or any
         prospectus amendment or supplement or post-effective amendment has been
         filed, and, with respect to such Exchange Registration Statement or any
         post-effective amendment, when the same has become effective, (B) of
         any comments relevant to the broker-dealer or of any request by the
         Commission for amendments or supplements to such Exchange Registration
         Statement or prospectus or for additional information, (C) of the
         issuance by the Commission of any stop order suspending the
         effectiveness of such Exchange Registration Statement or the initiation
         or threatening of any proceedings for that purpose, (D) if at any time
         the representations and warranties of the Company contemplated by
         Section 5 cease to be true and correct in all material respects, (E) of
         the receipt by

                                       F-4
<Page>

         the Company of any notification with respect to the suspension of the
         qualification of the Exchange Securities for sale in any jurisdiction
         or the initiation or threatening of any proceeding for such purpose, or
         (F) at any time during the Resale Period when a prospectus is required
         to be delivered under the Securities Act, that such Exchange
         Registration Statement, prospectus, prospectus amendment or supplement
         or post-effective amendment does not conform in all material respects
         to the applicable requirements of the Securities Act and the Trust
         Indenture Act and the rules and regulations of the Commission
         thereunder or contains an untrue statement of a material fact or omits
         to state any material fact required to be stated therein or necessary
         to make the statements therein not misleading in light of the
         circumstances then existing;

             (iv) in the event that the Company would be required, pursuant to
         Section 3(e)(iii)(F) above, to notify any broker-dealers holding
         Exchange Securities, without delay prepare and furnish to each such
         holder a reasonable number of copies of a prospectus supplemented or
         amended so that, as thereafter delivered to purchasers of such Exchange
         Securities during the Resale Period, such prospectus shall conform in
         all material respects to the applicable requirements of the Securities
         Act and the Trust Indenture Act and the rules and regulations of the
         Commission thereunder and shall not contain an untrue statement of a
         material fact or omit to state a material fact required to be stated
         therein or necessary to make the statements therein not misleading in
         light of the circumstances then existing;

             (v) use their best efforts to obtain the withdrawal of any order
         suspending the effectiveness of such Exchange Registration Statement or
         any post-effective amendment thereto at the earliest practicable date;

             (vi) use their commercially reasonable efforts to (A) register or
         qualify the Exchange Securities under the securities laws or blue sky
         laws of such jurisdictions as are contemplated by Section 2(a) no later
         than the commencement of the Exchange Offer, (B) keep such
         registrations or qualifications in effect and comply with such laws so
         as to permit the continuance of offers, sales and dealings therein in
         such jurisdictions until the expiration of the Resale Period and (C)
         take any and all other actions as may be reasonably necessary or
         advisable to enable each broker-dealer holding Exchange Securities to
         consummate the disposition thereof in such jurisdictions; PROVIDED,
         HOWEVER, that neither the Company nor any of its subsidiaries shall be
         required for any such purpose to (1) qualify as a foreign corporation
         in any jurisdiction wherein it would not otherwise be required to
         qualify but for the requirements of this Section 3(c)(vi), (2) consent
         to general service of process or subject itself to taxation in any such
         jurisdiction or (3) make any changes to its certificate of
         incorporation or by-laws or any agreement between it and its
         stockholders;

             (vii) use their commercially reasonable efforts to obtain the
         consent or approval of each governmental agency or authority, whether
         federal, state or local, which may be required to effect the Exchange
         Registration, the Exchange Offer and the offering and sale of Exchange
         Securities by broker-dealers during the Resale Period;

             (viii) provide a CUSIP number for all Exchange Securities, not
         later than the applicable Effective Time;

             (ix) comply with all applicable rules and regulations of the
         Commission, and make generally available to its securityholders as soon
         as practicable but no later

                                       F-5
<Page>

         than eighteen months after the effective date of such Exchange
         Registration Statement, an earning statement of the Company and its
         subsidiaries complying with Section 11(a) of the Securities Act
         (including, at the option of the Company, Rule 158 thereunder).

     (d) In connection with the Company's and the Guarantors' obligations with
   respect to the Shelf Registration, if applicable, and to the Market Making
   Shelf, the Company and the Guarantors shall use their commercially reasonable
   efforts to effect or cause the Shelf Registration Statement, if applicable,
   and the Market Making Shelf Registration Statement to permit the sales of the
   Registrable Securities by the Holders thereof, in the case of the Shelf
   Registration Statement and of Securities or Exchange Securities by the Market
   Maker in the case of a Market Making Shelf Registration Statement, in
   accordance with the intended method or methods of distribution thereof
   described in the Shelf Registration, if applicable, and in the Market Making
   Shelf. In connection therewith, the Company and the Guarantors shall, as soon
   as practicable (or as otherwise specified):

             (i) prepare and file with the Commission, within the time periods
         specified in Section 2(b) or 2(c), as applicable, a Shelf Registration
         Statement, if applicable, and a Market Making Shelf Registration
         Statement on any form which may be utilized by the Company and which
         shall register all of the Registrable Securities for resale by the
         holders thereof in accordance with such method or methods of
         disposition as may be specified by the Market Maker and such of the
         holders as, from time to time, may be Electing Holders and use their
         best efforts to cause such Shelf Registration Statement or Market
         Making Shelf Registration Statement to become effective as soon as
         practicable but in any case within the time periods specified in
         Section 2(b) or 2(c), as applicable;

             (ii) not less than 30 calendar days prior to the Effective Time of
         the Shelf Registration Statement, mail the Notice and Questionnaire to
         the holders of Registrable Securities; no holder shall be entitled to
         be named as a selling securityholder in the Shelf Registration
         Statement as of the Effective Time, and no holder shall be entitled to
         use the prospectus forming a part thereof for resales of Registrable
         Securities at any time, unless such holder has returned a completed and
         signed Notice and Questionnaire to the Company by the deadline for
         response set forth therein; PROVIDED, HOWEVER, holders of Registrable
         Securities shall have at least 28 calendar days from the date on which
         the Notice and Questionnaire is first mailed to such holders to return
         a completed and signed Notice and Questionnaire to the Company
         PROVIDED, FURTHER that this paragraph is not applicable to the Market
         Making Shelf;

             (iii) after the Effective Time of the Shelf Registration Statement,
         upon the request of any holder of Registrable Securities that is not
         then an Electing Holder, promptly send a Notice and Questionnaire to
         such holder; PROVIDED that the Company shall not be required to take
         any action to name such holder as a selling securityholder in the Shelf
         Registration Statement or to enable such holder to use the prospectus
         forming a part thereof for resales of Registrable Securities until such
         holder has returned a completed and signed Notice and Questionnaire to
         the Company PROVIDED, FURTHER that this paragraph is not applicable to
         the Market Making Shelf;

             (iv) as soon as practicable prepare and file with the Commission
         such amendments and supplements to such Shelf Registration Statement,
         if applicable, and such Market Making Shelf Registration Statement and
         the prospectus included

                                       F-6
<Page>

         therein, each in a form reasonably acceptable to the Market Maker, as
         may be necessary to effect and maintain the effectiveness of such Shelf
         Registration Statement or Market Making Shelf Registration Statement,
         as the case may be, for the period specified in Section 2(b) or Section
         2(c) hereof and as may be required by the applicable rules and
         regulations of the Commission and the instructions applicable to the
         form of such Shelf Registration Statement and such Market Making Shelf
         Registration Statement, and furnish to the Market Maker and the
         Electing Holders copies of any such supplement or amendment
         simultaneously with or prior to its being used or filed with the
         Commission;

             (v) comply with the provisions of the Securities Act with respect
         to the disposition of all of the Registrable Securities covered by such
         Shelf Registration Statement, if applicable, and such Market Making
         Shelf Registration Statement in accordance with the intended methods of
         disposition by the Electing Holders provided for in such Shelf
         Registration Statement or such Market Making Shelf Registration
         Statement;

             (vi) provide (A) the Market Maker, (B) the Electing Holders, (C)
         the underwriters (which term, for purposes of this Exchange and
         Registration Rights Agreement, shall include a person deemed to be an
         underwriter within the meaning of Section 2(a)(11) of the Securities
         Act), if any, thereof, (D) any sales or placement agent therefor, (E)
         counsel for any such underwriter or agent and (F) not more than one
         counsel for all the Electing Holders (which counsel shall be selected
         by Electing Holders of at least 50% in principal amount of the
         Registrable Securities held by Electing Holders and reasonably
         satisfactory to the Company) or one counsel for the Market Maker (which
         counsel shall be selected by the Market Maker and reasonably
         satisfactory to the Company) the reasonable opportunity to participate
         in the preparation of such Shelf Registration Statement, if applicable,
         and such Market Making Shelf Registration Statement, each prospectus
         included therein or filed with the Commission and each amendment or
         supplement thereto;

             (vii) for a reasonable period prior to the filing of such Shelf
         Registration Statement, if applicable, and such Market Making Shelf
         Registration Statement, and throughout the period specified in Section
         2(b) or Section 2(c), as applicable, make available at reasonable times
         at the Company's principal place of business or such other reasonable
         place for inspection by the persons referred to in Section 3(d)(vi) who
         shall certify in writing to the Company that they have a current
         intention to sell the Registrable Securities pursuant to the Shelf
         Registration or Market Making Shelf such financial and other
         information and books and records of the Company, and cause the
         officers, employees, counsel and independent certified public
         accountants of the Company to respond to such inquiries, as shall be
         reasonably necessary, in the judgment of the respective counsel
         referred to in such Section, to conduct a reasonable investigation
         within the meaning of Section 11 of the Securities Act; PROVIDED,
         HOWEVER, that each such party shall be required to maintain in
         confidence and not to disclose to any other person any information or
         records reasonably designated by the Company as being confidential,
         until such time as (A) such information becomes a matter of public
         record (whether by virtue of its inclusion in such registration
         statement or otherwise), or (B) such person shall be required so to
         disclose such information pursuant to a subpoena or order of any court
         or other governmental agency or body having jurisdiction over the
         matter (subject to the requirements of such order, and only after such
         person shall have given the Company prompt prior written notice of such
         requirement), or (C) such information is required, in the

                                       F-7
<Page>

         reasonable judgment of the Company, to be set forth in such Shelf
         Registration Statement, if applicable, and such Market Making Shelf
         Registration Statement or the prospectus included therein or in an
         amendment to such Shelf Registration Statement or an amendment or
         supplement to such prospectus in order that such Shelf Registration
         Statement, if applicable, and such Market Making Shelf Registration
         Statement, prospectus, amendment or supplement, as the case may be,
         complies with applicable requirements of the federal securities laws
         and the rules and regulations of the Commission and does not contain an
         untrue statement of a material fact or omit to state therein a material
         fact required to be stated therein or necessary to make the statements
         therein not misleading in light of the circumstances then existing;

             (viii) promptly notify the Market Maker, each of the Electing
         Holders, any sales or placement agent therefor and any underwriter
         thereof (which notification may be made through any managing
         underwriter that is a representative of such underwriter for such
         purpose) and confirm such advice in writing, (A) when such Shelf
         Registration Statement or such Market Making Shelf Registration
         Statement as applicable or the prospectus included therein or any
         prospectus amendment or supplement or post-effective amendment has been
         filed, and, with respect to such Shelf Registration Statement, if
         applicable, or such Market Making Shelf Registration Statement or any
         post-effective amendment, when the same has become effective, (B) of
         any comments relevant to the Market Maker or any request by the
         Commission for amendments or supplements to such Shelf Registration
         Statement, if applicable, or such Market Making Shelf Registration
         Statement or prospectus or for additional information, (C) of the
         issuance by the Commission of any stop order suspending the
         effectiveness of such Shelf Registration Statement or the initiation or
         threatening of any proceedings for that purpose, (D) if at any time the
         representations and warranties of the Company contemplated by Section
         3(d)(xvii) or Section 5 cease to be true and correct in all material
         respects, (E) of the receipt by the Company of any notification with
         respect to the suspension of the qualification of the Registrable
         Securities for sale in any jurisdiction or the initiation or
         threatening of any proceeding for such purpose, or (F) if at any time
         when a prospectus is required to be delivered under the Securities Act,
         that such Shelf Registration Statement, if applicable, such Market
         Making Shelf Registration Statement, prospectus amendment or supplement
         or post-effective amendment does not conform in all material respects
         to the applicable requirements of the Securities Act and the Trust
         Indenture Act and the rules and regulations of the Commission
         thereunder or contains an untrue statement of a material fact or omits
         to state any material fact required to be stated therein or necessary
         to make the statements therein not misleading in light of the
         circumstances then existing;

             (ix) use their commercially reasonable efforts to obtain the
         withdrawal of any order suspending the effectiveness of such
         registration statement or any post-effective amendment thereto at the
         earliest practicable date;

             (x) if requested by the Market Maker, any managing underwriter or
         underwriters, any placement or sales agent or any Electing Holder,
         promptly incorporate in a prospectus supplement or post-effective
         amendment such information as is required by the applicable rules and
         regulations of the Commission and as such Market Maker, managing
         underwriter or underwriters, such agent or such Electing Holder
         reasonably specifies should be included therein relating to the terms
         of the sale of such Registrable Securities, including information with
         respect to

                                       F-8
<Page>

         the principal amount of Registrable Securities being sold by such
         Market Maker, Electing Holder or agent or to any underwriters, the name
         and description of such Market Maker, Electing Holder, agent or
         underwriter, the offering price of such Registrable Securities and any
         discount, commission or other compensation payable in respect thereof,
         the purchase price being paid therefor by such underwriters and with
         respect to any other terms of the offering of the Registrable
         Securities to be sold by such Market Maker, Electing Holder or agent or
         to such underwriters; and make all required filings of such prospectus
         supplement or post-effective amendment promptly after notification of
         the matters to be incorporated in such prospectus supplement or
         post-effective amendment;

             (xi) furnish to the Market Maker, each Electing Holder, each
         placement or sales agent, if any, therefor, each underwriter, if any,
         thereof and the respective counsel referred to in Section 3(d)(vi) an
         executed copy (or, in the case of an Electing Holder, a conformed copy)
         of such Shelf Registration Statement, each such amendment and
         supplement thereto (in each case including all exhibits thereto (in the
         case of an Electing Holder of Registrable Securities, upon request) and
         documents incorporated by reference therein) and such number of copies
         of such Shelf Registration Statement (excluding exhibits thereto and
         documents incorporated by reference therein unless specifically so
         requested by such Market Maker, Electing Holder, agent or underwriter,
         as the case may be) and of the prospectus included in such Shelf
         Registration Statement, if applicable, and such Market Making Shelf
         Registration Statement (including each preliminary prospectus and any
         summary prospectus), in conformity in all material respects with the
         applicable requirements of the Securities Act and the Trust Indenture
         Act and the rules and regulations of the Commission thereunder, and
         such other documents, as such Market Maker, Electing Holder, agent, if
         any, and underwriter, if any, may reasonably request in order to
         facilitate the offering and disposition of the Registrable Securities
         by the Market Maker or such Registrable Securities owned by such
         Electing Holder, offered or sold by such agent or underwritten by such
         underwriter and to permit such Electing Holder, agent and underwriter
         to satisfy the prospectus delivery requirements of the Securities Act;
         and the Company hereby consents to the use of such prospectus
         (including such preliminary and summary prospectus) and any amendment
         or supplement thereto by the Market Maker and each such Electing Holder
         and by any such agent and underwriter, in each case in the form most
         recently provided to such person by the Company, in connection with the
         offering and sale of the Registrable Securities covered by the
         prospectus (including such preliminary and summary prospectus) or any
         supplement or amendment thereto;

             (xii) use commercially reasonable efforts to (A) register or
         qualify the Registrable Securities to be included in such Shelf
         Registration Statement, if applicable, and such Market Making Shelf
         Registration Statement under such securities laws or blue sky laws of
         such jurisdictions as the Market Maker or any Electing Holder and each
         placement or sales agent, if any, therefor and underwriter, if any,
         thereof shall reasonably request, (B) keep such registrations or
         qualifications in effect and comply with such laws so as to permit the
         continuance of offers, sales and dealings therein in such jurisdictions
         during the period the Shelf Registration is required to remain
         effective under Section 2(b) above or the period the Market Making
         Shelf Registration is required to remain effective under Section 2(c),
         as applicable, above and for so long as may be necessary to enable the
         Market Maker or any such Electing Holder, agent or underwriter to
         complete its distribution of Securities pursuant to such Shelf
         Registration Statement and (C) take any and all

                                       F-9
<Page>

         other actions as may be reasonably necessary or advisable to enable
         each such Electing Holder, agent, if any, and underwriter, if any, to
         consummate the disposition in such jurisdictions of such Registrable
         Securities; PROVIDED, HOWEVER, that neither the Company nor the
         Guarantors shall be required for any such purpose to (1) qualify as a
         foreign corporation in any jurisdiction wherein it would not otherwise
         be required to qualify but for the requirements of this Section
         3(d)(xii), (2) consent to general service of process or subject itself
         to taxation in any such jurisdiction or (3) make any changes to its
         certificate of incorporation or by-laws or any agreement between it and
         its stockholders;

             (xiii) use their commercially reasonable efforts to obtain and
         maintain the consent or approval of, and maintain the currency of any
         necessary filings with for so long as the Market Maker may be required
         to deliver a prospectus in connection with secondary transactions, each
         governmental agency or authority, whether federal, state or local,
         which may be required to effect the Shelf Registration or Market Making
         Shelf or the offering or sale in connection therewith or to enable the
         Market Maker to conduct market making activities and any selling holder
         or holders to offer, or to consummate the disposition of, their
         Registrable Securities;

             (xiv) Unless any Registrable Securities shall be in book-entry only
         form, cooperate with the Market Maker, Electing Holders and the
         managing underwriters, if any, to facilitate the timely preparation and
         delivery of certificates representing Registrable Securities to be
         sold, which certificates, if so required by any securities exchange
         upon which any Registrable Securities are listed, shall be penned,
         lithographed or engraved, or produced by any combination of such
         methods, on steel engraved borders, and which certificates shall not
         bear any restrictive legends; and, in the case of an underwritten
         offering, enable such Registrable Securities to be in such
         denominations and registered in such names as the managing underwriters
         may request at least two business days prior to any sale of the
         Registrable Securities;

             (xv) provide a CUSIP number for all Registrable Securities, not
         later than the applicable Effective Time;

             (xvi) enter into one or more underwriting agreements, engagement
         letters, agency agreements, "best efforts" underwriting agreements or
         similar agreements, as appropriate, including customary provisions
         relating to indemnification and contribution, and take such other
         actions in connection therewith as in the case of a Shelf Registration,
         any Electing Holders aggregating at least 50% in aggregate principal
         amount of the Registrable Securities at the time Outstanding;

             (xvii) whether or not an agreement of the type referred to in
         Section 3(d)(xvi) hereof is entered into and whether or not any portion
         of the offering contemplated by the Shelf Registration is an
         underwritten offering or is made through a placement or sales agent or
         any other entity, (A) make such representations and warranties to the
         Market Maker, Electing Holders and the placement or sales agent, if
         any, therefor and the underwriters, if any, thereof in form, substance
         and scope as are customarily made in connection with an offering of
         debt securities pursuant to any appropriate agreement or to a
         registration statement filed on the form applicable to the Shelf
         Registration, if applicable, and such Market Making Shelf Registration
         Statement; (B) obtain an opinion of counsel to the Company in customary
         form and covering such matters, of the type customarily covered by such
         an opinion, as the managing underwriters, if any, or as any Electing
         Holders of at least 50% in aggregate principal

                                      F-10
<Page>

         amount of the Registrable Securities at the time Outstanding or, in the
         case of a Market Making Shelf Registration, as the Market Maker, may
         reasonably request, addressed to the Market Maker, such Electing Holder
         or Electing Holders and the placement or sales agent, if any, therefor
         and the underwriters, if any, thereof and dated the effective date of
         such Shelf Registration Statement, if applicable, and such Market
         Making Shelf Registration Statement (and if such Shelf Registration
         Statement contemplates an underwritten offering of a part or all of the
         Registrable Securities, dated the date of the closing under the
         underwriting agreement relating thereto) (it being agreed that the
         matters to be covered by such opinion shall include those matters
         customarily delivered in a typical transaction); (C) obtain a "cold
         comfort" letter or letters from the independent certified public
         accountants of the Company addressed to the Market Maker, selling
         Electing Holders, the placement or sales agent, if any, therefor or the
         underwriters, if any, thereof, dated (i) the effective date of such
         Shelf Registration Statement, if applicable, and such Market Making
         Shelf Registration Statement and (ii) the effective date of any
         prospectus supplement to the prospectus included in such Shelf
         Registration Statement, if applicable, and such Market Making Shelf
         Registration Statement or post-effective amendment to such Shelf
         Registration Statement, if applicable, and such Market Making Shelf
         Registration Statement which includes unaudited or audited financial
         statements as of a date or for a period subsequent to that of the
         latest such statements included in such prospectus (and, if such Shelf
         Registration Statement contemplates an underwritten offering pursuant
         to any prospectus supplement to the prospectus included in such Shelf
         Registration Statement or post-effective amendment to such Shelf
         Registration Statement which includes unaudited or audited financial
         statements as of a date or for a period subsequent to that of the
         latest such statements included in such prospectus, dated the date of
         the closing under the underwriting agreement relating thereto), such
         letter or letters to be in customary form and covering such matters of
         the type customarily covered by letters of such type; (D) deliver such
         documents and certificates, including officers' certificates, as may be
         reasonably requested by the Market Maker or any Electing Holders of at
         least 50% in aggregate principal amount of the Registrable Securities
         at the time Outstanding or, in the case of a Market Making
         Registration, by the Market Maker and in either case, the placement or
         sales agent, if any, therefor and the managing underwriters, if any,
         thereof to evidence the accuracy of the representations and warranties
         made pursuant to clause (A) above or those contained in Section 5(a)
         hereof and the compliance with or satisfaction of any agreements or
         conditions contained in the underwriting agreement or other agreement
         entered into by the Company or the Guarantors; and (E) undertake such
         obligations relating to expense reimbursement, indemnification and
         contribution as are provided in Section 6 hereof;

             (xviii) notify in writing the Market Maker, each holder of
         Registrable Securities of any proposal by the Company to amend or waive
         any provision of this Exchange and Registration Rights Agreement
         pursuant to Section 9(h) hereof and of any amendment or waiver effected
         pursuant thereto, each of which notices shall contain the text of the
         amendment or waiver proposed or effected, as the case may be;

             (xix) in the event that any broker-dealer registered under the
         Exchange Act shall underwrite any Registrable Securities or participate
         as a member of an underwriting syndicate or selling group or "assist in
         the distribution" (within the meaning of the Conduct Rules (the
         "Conduct Rules) of the National Association of Securities Dealers, Inc.
         ("NASD") or any successor thereto, as amended from time to time)
         thereof, whether as a holder of such Registrable Securities or as an
         underwriter, a

                                      F-11
<Page>

         placement or sales agent or a broker or dealer in respect thereof, or
         otherwise, assist such broker-dealer in complying with the requirements
         of such Conduct Rules, including by (A) if such Conduct Rules shall so
         require, engaging a "qualified independent underwriter" (as defined in
         such Conduct Rules) to participate in the preparation of the Shelf
         Registration Statement relating to such Registrable Securities, to
         exercise usual standards of due diligence in respect thereto and, if
         any portion of the offering contemplated by such Shelf Registration
         Statement is an underwritten offering or is made through a placement or
         sales agent, to recommend the yield of such Registrable Securities, (B)
         indemnifying any such qualified independent underwriter to the extent
         of the indemnification of underwriters provided in Section 6 hereof (or
         to such other customary extent as may be requested by such
         underwriter), and (C) providing such information to such broker-dealer
         as may be required in order for such broker-dealer to comply with the
         requirements of the Conduct Rules; and

             (xx) comply with all applicable rules and regulations of the
         Commission, and make generally available to its securityholders as soon
         as practicable but in any event not later than eighteen months after
         the effective date of such Shelf Registration Statement and such Market
         Making Shelf Registration Statement, an earning statement of the
         Company and its subsidiaries complying with Section 11(a) of the
         Securities Act (including, at the option of the Company, Rule 158
         thereunder).

             (xxi) provide to the Market Maker all information provided to the
         Trustee or to holders as required by Section 4.03 of the Indenture;

             (xxii) if the Market Making Shelf Registration Statement is a Form
         S-1 Registration Statement, promptly upon its satisfying the
         eligibility criteria for use of Form S-3 under the Securities Act, the
         Company shall file a post-effective amendment to the Market Making
         Shelf Registration Statement to convert it from a Form S-1 to a Form
         S-3 registration statement; and

             (xxiii) use their commercially reasonable efforts to take all other
         steps necessary to effect or cause the Shelf Registration, if
         applicable, and the Market Making Shelf Registration Statement to
         permit the sale of the Registrable Securities by the Market Makers or
         Electing Holders thereof in accordance with the intended method or
         methods of distribution thereof described in the Shelf Registration
         Statement, if applicable, and the Market Making Shelf Registration
         Statement.

     (e) In the event that the Company would be required, pursuant to Section
   3(d)(viii)(F) above, to notify the Market Maker and Electing Holders, the
   placement or sales agent, if any, therefor and the managing underwriters, if
   any, thereof, the Company shall without delay prepare and furnish to each of
   the Electing Holders, to each placement or sales agent, if any, and to each
   such underwriter, if any, a reasonable number of copies of a prospectus
   supplemented or amended so that, as thereafter delivered to purchasers of
   Registrable Securities, such prospectus shall conform in all material
   respects to the applicable requirements of the Securities Act and the Trust
   Indenture Act and the rules and regulations of the Commission thereunder and
   shall not contain an untrue statement of a material fact or omit to state a
   material fact required to be stated therein or necessary to make the
   statements therein not misleading in light of the circumstances then
   existing. The Market Maker and each Electing Holder agrees that upon receipt
   of any notice from the Company pursuant to Section 3(d)(viii)(F) hereof, such
   Electing Holder shall forthwith discontinue the disposition of Registrable
   Securities pursuant to the Shelf Registration Statement, if applicable, and
   the Market Making Shelf Registration Statement applicable to such

                                      F-12
<Page>

   Registrable Securities until such Market Maker or Electing Holder shall have
   received copies of such amended or supplemented prospectus, and if so
   directed by the Company, such Market Maker or Electing Holder shall deliver
   to the Company (at the Company's expense) all copies, other than permanent
   file copies, then in such Market Maker's or Electing Holder's possession of
   the prospectus covering such Registrable Securities at the time of receipt of
   such notice.

     (f) With respect to the Market Making Shelf and in the event of a Shelf
   Registration, in addition to the information required to be provided by each
   Electing Holder in its Notice Questionnaire, the Company may require the
   Market Maker or such Electing Holder, as the case may be, to furnish to the
   Company such additional information regarding such Market Maker or Electing
   Holder and such Market Maker's or Electing Holder's intended method of
   distribution of Registrable Securities as may be required in order to comply
   with the Securities Act. The Market Maker and each such Electing Holder
   agrees to notify the Company without delay of any inaccuracy or change in
   information previously furnished by the Market Maker or such Electing Holder
   to the Company or of the occurrence of any event in either case as a result
   of which any prospectus relating to such Shelf Registration or Market Making
   Shelf contains or would contain an untrue statement of a material fact
   regarding such Electing Holder or such Electing Holder's intended method of
   disposition of such Registrable Securities or omits to state any material
   fact regarding the Market Maker or such Electing Holder or the Market Maker's
   or such Electing Holder's intended method of disposition of such Registrable
   Securities required to be stated therein or necessary to make the statements
   therein not misleading in light of the circumstances then existing, and
   promptly to furnish to the Company any additional information required to
   correct and update any previously furnished information or required so that
   such prospectus shall not contain, with respect to the Market Maker or such
   Electing Holder or the disposition of such Registrable Securities, an untrue
   statement of a material fact or omit to state a material fact required to be
   stated therein or necessary to make the statements therein not misleading in
   light of the circumstances then existing.

     (g) Until the expiration of two years after the Closing Date, the Company
   will not, and will not permit any of its "affiliates" (as defined in Rule
   144) to, resell any of the Securities that have been reacquired by any of
   them except pursuant to an effective registration statement under the
   Securities Act.

     4. REGISTRATION EXPENSES.

        The Company agrees to bear and to pay or cause to be paid promptly all
expenses incident to the Company's performance of or compliance with this
Exchange and Registration Rights Agreement, including (a) all Commission and any
NASD registration, filing and review fees and expenses including reasonable fees
and disbursements of one counsel for the placement or sales agent or
underwriters in connection with such registration, filing and review, (b) all
fees and expenses in connection with the qualification of the Securities for
offering and sale under the State securities and blue sky laws referred to in
Section 3(d)(xii) hereof and determination of their eligibility for investment
under the laws of such jurisdictions as the Market Maker, any managing
underwriters or the Electing Holders may designate, including any reasonable
fees and disbursements of one counsel each for the Market Maker (which counsel
shall be selected by the Market Maker and reasonably satisfactory to the
Company), the Electing Holders (which counsel shall be selected by the Electing
Holders of at least 50% in principal amount of the Registrable Securities held
by Electing Holders and reasonably satisfactory to the Company) and the
underwriters in connection with such qualification and determination, (c) all
expenses relating to the preparation, printing, production, distribution and

                                      F-13
<Page>

reproduction of each registration statement required to be filed hereunder, each
prospectus included therein or prepared for distribution pursuant hereto, each
amendment or supplement to the foregoing, the expenses of preparing the
Securities for delivery and the expenses of printing or producing any
underwriting agreements, agreements among underwriters, selling agreements and
blue sky or legal investment memoranda and all other documents in connection
with the offering, sale or delivery of Securities to be disposed of (including
certificates representing the Securities), (d) messenger, telephone and delivery
expenses relating to the offering, sale or delivery of Securities and the
preparation of documents referred in clause (c) above, (e) reasonable fees and
expenses of the Trustee under the Indenture, any agent of the Trustee and any
counsel for the Trustee and of any collateral agent or custodian, (f) internal
expenses (including all salaries and expenses of the Company's officers and
employees performing legal or accounting duties), (g) fees, disbursements and
expenses of counsel and independent certified public accountants of the Company
(including the expenses of any opinions or "cold comfort" letters required by or
incident to such performance and compliance), (h) reasonable fees, disbursements
and expenses of any "qualified independent underwriter" engaged pursuant to
Section 3(d)(xix) hereof, (i) reasonable fees, disbursements and expenses of one
counsel for the Market Maker or the Electing Holders retained in connection with
a Shelf Registration, as selected by the Market Maker, if applicable, otherwise
selected by Electing Holders of at least a majority in aggregate principal
amount of the Registrable Securities held by Electing Holders (which counsel
shall be reasonably satisfactory to the Company), (j) any fees charged by
securities rating services for rating the Securities, and (k) fees, expenses and
disbursements of any other persons, including special experts, retained by the
Company in connection with such registration (collectively, the "Registration
Expenses"). To the extent that any Registration Expenses are incurred, assumed
or paid by the Market Maker, any holder of Registrable Securities or any
placement or sales agent therefor or underwriter thereof, the Company shall
reimburse such person for the full amount of the Registration Expenses so
incurred, assumed or paid promptly after receipt of a written request therefor.
Notwithstanding the foregoing, the holders of the Registrable Securities being
registered shall pay all agency fees and commissions and underwriting discounts
and commissions attributable to the sale of such Registrable Securities and the
fees and disbursements of any counsel or other advisors or experts retained by
such holders (severally or jointly), other than the counsel and experts
specifically referred to above.

     5. REPRESENTATIONS AND WARRANTIES.

        The Company and each of the Guarantors represents and warrants to, and
agrees with, the Market Maker, each Purchaser and each of the holders from time
to time of Registrable Securities that:

     (a) Each registration statement covering Registrable Securities and each
   registration statement filed in connection with the Market Making Shelf and
   each prospectus (including any preliminary or summary prospectus) contained
   therein or furnished pursuant to Section 3(d) or Section 3(c) hereof and any
   further amendments or supplements to any such registration statement or
   prospectus, when it becomes effective or is filed with the Commission, as the
   case may be, and, in the case of an underwritten offering of Registrable
   Securities, at the time of the closing under the underwriting agreement
   relating thereto, will conform in all material respects to the requirements
   of the Securities Act and the Trust Indenture Act and the rules and
   regulations of the Commission thereunder and will not contain an untrue
   statement of a material fact or omit to state a material fact required to be
   stated therein or necessary to make the statements therein not misleading;
   and at all times subsequent to the Effective Time when a prospectus would be
   required to be delivered under the Securities Act, other than from (i) such
   time as a notice has been given to holders

                                      F-14
<Page>

   of Registrable Securities pursuant to Section 3(d)(viii)(F) or Section
   3(c)(iii)(F) hereof until (ii) such time as the Company furnishes an amended
   or supplemented prospectus pursuant to Section 3(e) or Section 3(c)(iv)
   hereof, each such registration statement, and each prospectus (including any
   summary prospectus) contained therein or furnished pursuant to Section 3(d)
   or Section 3(c) hereof, as then amended or supplemented, will conform in all
   material respects to the requirements of the Securities Act and the Trust
   Indenture Act and the rules and regulations of the Commission thereunder and
   will not contain an untrue statement of a material fact or omit to state a
   material fact required to be stated therein or necessary to make the
   statements therein not misleading in the light of the circumstances then
   existing; PROVIDED, HOWEVER, that this representation and warranty shall not
   apply to any statements or omissions made in reliance upon and in conformity
   with information furnished in writing to the Company by the Market Maker in a
   Market Making Shelf Registration Statement or a holder of Registrable
   Securities expressly for use therein.

     (b) Any documents incorporated by reference in any prospectus referred to
   in Section 5(a) hereof, when they become or became effective or are or were
   filed with the Commission, as the case may be, will conform or conformed in
   all material respects to the requirements of the Securities Act or the
   Exchange Act, as applicable, and none of such documents will contain or
   contained an untrue statement of a material fact or will omit or omitted to
   state a material fact required to be stated therein or necessary to make the
   statements therein not misleading; PROVIDED, HOWEVER, that this
   representation and warranty shall not apply to any statements or omissions
   made in reliance upon and in conformity with information furnished in writing
   to the Company by the Market Maker or a holder of Registrable Securities
   expressly for use therein.

     (c) The compliance by the Company with all of the provisions of this
   Exchange and Registration Rights Agreement and the consummation of the
   transactions herein contemplated will not conflict with or result in a breach
   of any of the terms or provisions of, or constitute a default under, (i) any
   indenture, mortgage, deed of trust, loan agreement or other agreement or
   instrument to which the Company or any subsidiary of the Company is a party
   or by which the Company or any subsidiary of the Company is bound or to which
   any of the property or assets of the Company or any subsidiary of the Company
   is subject, (ii) any of the provisions of the certificate of incorporation,
   as amended, or the by-laws of the Company or the Guarantors or (iii) any
   statute or any order, rule or regulation of any court or governmental agency
   or body having jurisdiction over the Company or any subsidiary of the Company
   or any of their properties, except, in the case of clauses (i) and (iii)
   above, for conflicts, breaches, violations or defaults which would not have a
   material adverse effect on management, the condition (financial or other),
   business, properties, or results of operations of the Company and its
   Subsidiaries, taken as a whole; and no consent, approval, authorization,
   order, registration or qualification of or with any such court or
   governmental agency or body is required for the consummation by the Company
   and the Guarantors of the transactions contemplated by this Exchange and
   Registration Rights Agreement, except (i) the registration under the
   Securities Act of the Securities, (ii) qualification of the Indenture under
   the Trust Indenture Act and (iii) such consents, approvals, authorizations,
   registrations or qualifications as may be required under State securities or
   blue sky laws in connection with the offering and distribution of the
   Securities.

     (d) This Exchange and Registration Rights Agreement has been duly
   authorized, executed and delivered by the Company.

     6. INDEMNIFICATION.

                                      F-15
<Page>

     (a) INDEMNIFICATION BY THE COMPANY AND EACH OF THE GUARANTORS. The Company
   and each of the Guarantors, jointly and severally, will indemnify and hold
   harmless each of the holders of Registrable Securities included in an
   Exchange Registration Statement, each of the Electing Holders of Registrable
   Securities included in a Shelf Registration Statement and the Market Maker,
   as holder of Securities or Exchange Securities included in a Market Making
   Shelf Registration Statement and each person who participates as a placement
   or sales agent or as an underwriter in any offering or sale of such
   Registrable Securities against any losses, claims, damages or liabilities,
   joint or several, to which such holder, agent or underwriter may become
   subject under the Securities Act or otherwise, insofar as such losses,
   claims, damages or liabilities (or actions in respect thereof) arise out of
   or are based upon an untrue statement or alleged untrue statement of a
   material fact contained in any Exchange Registration Statement or Shelf
   Registration Statement or Market Making Shelf Registration Statement, as the
   case may be, under which such Registrable Securities were registered under
   the Securities Act, or any preliminary, final or summary prospectus contained
   therein or furnished by the Company to any such holder, Electing Holder,
   agent or underwriter, or any amendment or supplement thereto, or arise out of
   or are based upon the omission or alleged omission to state therein a
   material fact required to be stated therein or necessary to make the
   statements therein not misleading, and will reimburse the Market Maker, such
   holder, such Electing Holder, such agent and such underwriter for any legal
   or other expenses reasonably incurred by them in connection with
   investigating or defending any such action or claim as such expenses are
   incurred; PROVIDED, HOWEVER, that neither the Company nor any of the
   Guarantors shall be liable to any such person in any such case to the extent
   that any such loss, claim, damage or liability arises out of or is based upon
   an untrue statement or alleged untrue statement or omission or alleged
   omission made in such registration statement, or preliminary, final or
   summary prospectus, or amendment or supplement thereto, in reliance upon and
   in conformity with written information furnished to the Company by such
   person expressly for use therein.

     (b) INDEMNIFICATION BY THE MARKET MAKERS, HOLDERS AND ANY AGENTS AND
   UNDERWRITERS. The Company may require, as a condition to including any
   Registrable Securities in any registration statement filed pursuant to
   Section 2(b) or Section 2(c) hereof and to entering into any underwriting
   agreement with respect thereto, that the Company shall have received an
   undertaking reasonably satisfactory to it from the Market Maker or the
   Electing Holder of such Registrable Securities and from each underwriter
   named in any such underwriting agreement, severally and not jointly, to (i)
   indemnify and hold harmless the Company, each of the Guarantors, and all
   other holders of Registrable Securities, against any losses, claims, damages
   or liabilities to which the Company, the Guarantors or such other holders of
   Registrable Securities may become subject, under the Securities Act or
   otherwise, insofar as such losses, claims, damages or liabilities (or actions
   in respect thereof) arise out of or are based upon an untrue statement or
   alleged untrue statement of a material fact contained in such registration
   statement, or any preliminary, final or summary prospectus contained therein
   or furnished by the Company to the Market Maker or any such Electing Holder,
   agent or underwriter, or any amendment or supplement thereto, or arise out of
   or are based upon the omission or alleged omission to state therein a
   material fact required to be stated therein or necessary to make the
   statements therein not misleading, 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 furnished to the Company by such Market Maker, if
   applicable, Electing Holder or underwriter expressly for use therein, and
   (ii) reimburse the Company and the Guarantors for any legal or other expenses
   reasonably incurred by the Company and the Guarantors in connection with
   investigating or defending any such action or claim as such expenses are
   incurred; PROVIDED, HOWEVER, that no such Electing Holder shall be required
   to undertake

                                      F-16
<Page>

   liability to any person under this Section 6(b) for any amounts in excess of
   the dollar amount of the proceeds to be received by such Electing Holder from
   the sale of such Electing Holder's Registrable Securities pursuant to such
   registration.

     (c) NOTICES OF CLAIMS, ETC. Promptly after receipt by an indemnified party
   under subsection (a) or (b) above of written notice of the commencement of
   any action, such indemnified party shall, if a claim in respect thereof is to
   be made against an indemnifying party pursuant to the indemnification
   provisions of or contemplated by this Section 6, notify such indemnifying
   party in writing of the commencement of such action; but the omission so to
   notify the indemnifying party shall not relieve it from any liability which
   it may have to any indemnified party otherwise than under the indemnification
   provisions of or contemplated by Section 6(a) or 6(b) hereof. In case any
   such action shall be brought against any indemnified party and it shall
   notify an indemnifying party of the commencement thereof, such indemnifying
   party shall be entitled to participate therein and, to the extent that it
   shall wish, jointly with any other indemnifying party similarly notified, to
   assume the defense thereof, with counsel reasonably satisfactory to such
   indemnified party (who shall not, except with the consent of the indemnified
   party, be counsel to the indemnifying party), and, after notice from the
   indemnifying party to such indemnified party of its election so to assume the
   defense thereof, such indemnifying party shall not be liable to such
   indemnified party for any legal expenses of other counsel or any other
   expenses, in each case subsequently incurred by such indemnified party, in
   connection with the defense thereof other than reasonable costs of
   investigation. In no event shall an indemnifying party be liable for fees and
   expenses of more than one counsel (in addition to any local counsel) separate
   from their own counsel for all indemnified parties in connection with any one
   action or separate but similar or related actions in the same jurisdiction
   arising out of the same general allegations or circumstances. No indemnifying
   party shall, without the written consent of the indemnified party, effect the
   settlement or compromise of, or consent to the entry of any judgment with
   respect to, any pending or threatened action or claim in respect of which
   indemnification or contribution may be sought hereunder (whether or not the
   indemnified party is an actual or potential party to such action or claim)
   unless such settlement, compromise or judgment (i) includes an unconditional
   release of the indemnified party from all liability arising out of such
   action or claim and (ii) does not include a statement as to or an admission
   of fault, culpability or a failure to act by or on behalf of any indemnified
   party.

     (d) CONTRIBUTION. If for any reason the indemnification provisions
   contemplated by Section 6(a) or Section 6(b) are unavailable to or
   insufficient to hold harmless an indemnified party in respect of any losses,
   claims, damages or liabilities (or actions in respect thereof) referred to
   therein, then each indemnifying party 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 the relative fault of the indemnifying party and the
   indemnified party in connection with the statements or omissions which
   resulted in such losses, claims, damages or liabilities (or actions in
   respect thereof), as well as any other relevant equitable considerations. The
   relative fault of such indemnifying party and indemnified party shall be
   determined by reference to, among other things, whether the untrue or alleged
   untrue statement of a material fact or omission or alleged omission to state
   a material fact relates to information supplied by such indemnifying party or
   by such indemnified party, and the parties' relative intent, knowledge,
   access to information and opportunity to correct or prevent such statement or
   omission. The parties hereto agree that it would not be just and equitable if
   contributions pursuant to this Section 6(d) were determined by pro rata
   allocation (even if the holders or any agents or underwriters or all of them
   were treated as one entity

                                      F-17
<Page>

   for such purpose) or by any other method of allocation which does not take
   account of the equitable considerations referred to in this Section 6(d). The
   amount paid or payable by an indemnified party as a result of the losses,
   claims, damages, or liabilities (or actions in respect thereof) referred to
   above shall be deemed to include any legal or other fees or expenses
   reasonably incurred by such indemnified party in connection with
   investigating or defending any such action or claim. Notwithstanding the
   provisions of this Section 6(d), (i) no holder shall be required to
   contribute any amount in excess of the amount by which the dollar amount of
   the proceeds received by such holder from the sale of any Registrable
   Securities (after deducting any fees, discounts and commissions applicable
   thereto) exceeds the amount of any damages which such holder has otherwise
   been required to pay by reason of such untrue or alleged untrue statement or
   omission or alleged omission, (ii) in the case of a Market Making Shelf
   Registration Statement relating to the sale by the Market Maker of
   Securities, Market Maker shall not be required to contribute any amount in
   excess of the amount by which the amount of the proceeds received by the
   Market Maker from the sale of any Registrable Securities (after deducting any
   fees, discounts and commissions applicable thereto) exceeds the amount of any
   damages which it has otherwise been required to pay by reason of such untrue
   or alleged untrue statement or omission or alleged omission and (iii) no
   underwriter shall be required to contribute any amount in excess of the
   amount by which the total price at which the Registrable Securities
   underwritten by it and distributed to the public were offered to the public
   exceeds the amount of any damages which such underwriter has otherwise been
   required to pay by reason of such untrue or alleged untrue statement or
   omission or alleged omission. No person guilty of fraudulent
   misrepresentation (within the meaning of Section 11(f) of the Securities Act)
   shall be entitled to contribution from any person who was not guilty of such
   fraudulent misrepresentation. The holders' and any underwriters' obligations
   in this Section 6(d) to contribute shall be several in proportion to the
   principal amount of Registrable Securities registered or underwritten, as the
   case may be, by them and not joint.

     (e) The obligations of the Company and each of the Guarantors under this
   Section 6 shall be in addition to any liability which the Company or the
   Guarantors may otherwise have and shall extend, upon the same terms and
   conditions, to each officer, director and partner of the Market Maker, each
   holder, agent and underwriter and each person, if any, who controls the
   Market Maker, any holder, agent or underwriter within the meaning of the
   Securities Act; and the obligations of the Market Maker, the holders and any
   agents or underwriters contemplated by this Section 6 shall be in addition to
   any liability which the respective holder, agent or underwriter may otherwise
   have and shall extend, upon the same terms and conditions, to each officer
   and director of the Company or the Guarantors (including any person who, with
   his consent, is named in any registration statement as about to become a
   director of the Company or the Guarantors) and to each person, if any, who
   controls the Company within the meaning of the Securities Act.

     7. UNDERWRITTEN OFFERINGS.

     (a) SELECTION OF UNDERWRITERS. If any of the Registrable Securities covered
   by the Shelf Registration are to be sold pursuant to an underwritten
   offering, the managing underwriter or underwriters thereof shall be
   designated by Electing Holders holding at least a majority in aggregate
   principal amount of the Registrable Securities to be included in such
   offering, provided that such designated managing underwriter or underwriters
   is or are reasonably acceptable to the Company.

     (b) PARTICIPATION BY HOLDERS. Each holder of Registrable Securities hereby
   agrees with each other such holder that no such holder may participate in any
   underwritten offering

                                      F-18
<Page>

   hereunder unless such holder (i) agrees to sell such holder's Registrable
   Securities on the basis provided in any underwriting arrangements approved by
   the persons entitled hereunder to approve such arrangements and (ii)
   completes and executes all questionnaires, powers of attorney, indemnities,
   underwriting agreements and other documents reasonably required under the
   terms of such underwriting arrangements.

     8. RULE 144.

        The Company covenants to the holders of Registrable Securities that to
the extent it shall be required to do so under the Exchange Act, the Company
shall timely file the reports required to be filed by it under the Exchange Act
or the Securities Act (including the reports under Section 13 and 15(d) of the
Exchange Act referred to in subparagraph (c)(1) of Rule 144 adopted by the
Commission under the Securities Act) and the rules and regulations adopted by
the Commission thereunder, and shall take such further action as any holder of
Registrable Securities may reasonably request, all to the extent required from
time to time to enable such holder to sell Registrable Securities without
registration under the Securities Act within the limitations of the exemption
provided by Rule 144 under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule or regulation hereafter adopted
by the Commission. Upon the reasonable request of any holder of Registrable
Securities in connection with that holder's sale pursuant to Rule 144, the
Company shall deliver to such holder a written statement as to whether it has
complied with such requirements.

     9. MISCELLANEOUS.

     (a) NO INCONSISTENT AGREEMENTS. The Company represents, warrants, covenants
   and agrees that it has not granted, and shall not grant, registration rights
   with respect to Registrable Securities or any other securities which would be
   inconsistent with the terms contained in this Exchange and Registration
   Rights Agreement.

     (b) SPECIFIC PERFORMANCE. The parties hereto acknowledge that there would
   be no adequate remedy at law if the Company fails to perform any of its
   obligations hereunder and that the Purchasers and the holders from time to
   time of the Registrable Securities may be irreparably harmed by any such
   failure, and accordingly agree that the Purchasers and such holders, in
   addition to any other remedy to which they may be entitled at law or in
   equity, shall be entitled to compel specific performance of the obligations
   of the Company under this Exchange and Registration Rights Agreement in
   accordance with the terms and conditions of this Exchange and Registration
   Rights Agreement, in any court of the United States or any State thereof
   having jurisdiction.

     (c) NOTICES. All notices, requests, claims, demands, waivers and other
   communications hereunder shall be in writing and shall be deemed to have been
   duly given when delivered by hand, if delivered personally or by courier, or
   three days after being deposited in the mail (registered or certified mail,
   postage prepaid, return receipt requested) as follows: If to the Company, to
   it at Two Stamford Plaza, 281 Tresser Boulevard, Stamford, Connecticut 06901,
   and if to a holder, to the address of such holder set forth in the security
   register or other records of the Company, or to such other address as the
   Company or any such holder may have furnished to the other in writing in
   accordance herewith, except that notices of change of address shall be
   effective only upon receipt.

     (d) PARTIES IN INTEREST. All the terms and provisions of this Exchange and
   Registration Rights Agreement shall be binding upon, shall inure to the
   benefit of and shall be enforceable by the parties hereto and the holders
   from time to time of the Registrable Securities and the respective successors
   and assigns of the parties hereto and such

                                      F-19
<Page>

   holders. In the event that any transferee of any holder of Registrable
   Securities shall acquire Registrable Securities, in any manner, whether by
   gift, bequest, purchase, operation of law or otherwise, such transferee
   shall, without any further writing or action of any kind, be deemed a
   beneficiary hereof for all purposes and such Registrable Securities shall be
   held subject to all of the terms of this Exchange and Registration Rights
   Agreement, and by taking and holding such Registrable Securities such
   transferee shall be entitled to receive the benefits of, and be conclusively
   deemed to have agreed to be bound by all of the applicable terms and
   provisions of this Exchange and Registration Rights Agreement. If the Company
   shall so request, any such successor, assign or transferee shall agree in
   writing to acquire and hold the Registrable Securities subject to all of the
   applicable terms hereof.

     (e) SURVIVAL. The respective indemnities, agreements, representations,
   warranties and each other provision set forth in this Exchange and
   Registration Rights Agreement or made pursuant hereto shall remain in full
   force and effect regardless of any investigation (or statement as to the
   results thereof) made by or on behalf of any holder of Registrable
   Securities, any director, officer or partner of such holder, any agent or
   underwriter or any director, officer or partner thereof, or any controlling
   person of any of the foregoing, and shall survive delivery of and payment for
   the Registrable Securities pursuant to the Purchase Agreement and the
   transfer and registration of Registrable Securities by such holder and the
   consummation of an Exchange Offer.

     (f) GOVERNING LAW. THIS EXCHANGE AND REGISTRATION RIGHTS AGREEMENT SHALL BE
   GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
   YORK.

     (g) HEADINGS. The descriptive headings of the several Sections and
   paragraphs of this Exchange and Registration Rights Agreement are inserted
   for convenience only, do not constitute a part of this Exchange and
   Registration Rights Agreement and shall not affect in any way the meaning or
   interpretation of this Exchange and Registration Rights Agreement.

     (h) ENTIRE AGREEMENT; AMENDMENTS. This Exchange and Registration Rights
   Agreement and the other writings referred to herein (including the Indenture
   and the form of Securities) or delivered pursuant hereto which form a part
   hereof contain the entire understanding of the parties with respect to its
   subject matter. This Exchange and Registration Rights Agreement supersedes
   all prior agreements and understandings between the parties with respect to
   its subject matter. This Exchange and Registration Rights Agreement may be
   amended and the observance of any term of this Exchange and Registration
   Rights Agreement may be waived (either generally or in a particular instance
   and either retroactively or prospectively) only by a written instrument duly
   executed by the Company and the holders of at least a majority in aggregate
   principal amount of the Registrable Securities at the time Outstanding
   PROVIDED, HOWEVER, that the provisions relating to the Market Making Shelf
   may only be amended by a written instrument duly executed by the Company and
   the Market Maker. Each holder of any Registrable Securities at the time or
   thereafter Outstanding shall be bound by any amendment or waiver effected
   pursuant to this Section 9(h), whether or not any notice, writing or marking
   indicating such amendment or waiver appears on such Registrable Securities or
   is delivered to such holder.

     (i) INSPECTION. For so long as this Exchange and Registration Rights
   Agreement shall be in effect, this Exchange and Registration Rights Agreement
   and a complete list of the names and addresses of all the holders of
   Registrable Securities shall be made available for inspection and copying on
   any business day by the Market Maker and any holder of Registrable Securities
   for proper purposes only (which shall include any purpose related to the
   rights of the holders of Registrable Securities under the Securities, the
   Indenture and

                                      F-20
<Page>

   this Agreement) at the offices of the Company at the address thereof set
   forth in Section 9(c) above and at the office of the Trustee under the
   Indenture.

     (j) COUNTERPARTS. This agreement may be executed by the parties in
   counterparts, each of which shall be deemed to be an original, but all such
   respective counterparts shall together constitute one and the same
   instrument.

                                      F-21
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     If the foregoing is in accordance with your understanding, please sign and
return to us five counterparts hereof, and upon the acceptance hereof by you, on
behalf of each of the Purchasers, this letter and such acceptance hereof shall
constitute a binding agreement between each of the Purchasers, each of the
Guarantors and the Company. It is understood that your acceptance of this letter
on behalf of each of the Purchasers is pursuant to the authority set forth in a
form of Agreement among Purchasers, the form of which shall be submitted to the
Company for examination upon request, but without warranty on your part as to
the authority of the signers thereof.

                                   Very truly yours,

                                   Hexcel Corporation

                                   By: /s/ Stephen C. Forsyth
                                       ---------------------------------------
                                       Name:  Stephen C. Forsyth
                                       Title: Executive Vice President
                                              and Chief Financial Officer

                                   Clark-Schwebel Holding Corp.

                                   By: /s/ Stephen C. Forsyth
                                       ---------------------------------------
                                       Name:  Stephen C. Forsyth
                                       Title: Vice President

                                   Clark-Schwebel Corporation

                                   By: /s/ Stephen C. Forsyth
                                       ---------------------------------------
                                       Name:  Stephen C. Forsyth
                                       Title: Vice President Finance and
                                              Treasurer

                                   Hexcel Pottsville Corporation

                                   By: /s/ Stephen C. Forsyth
                                       ---------------------------------------
                                       Name:  Stephen C. Forsyth
                                       Title: Vice President and Treasurer

                                   CS Tech-Fab Holding, Inc.

                                   By: /s/ Stephen C. Forsyth
                                       ---------------------------------------
                                       Name:  Stephen C. Forsyth
                                       Title: Vice President and Treasurer

Accepted as of the date hereof:
Goldman, Sachs & Co.
Fleet Securities, Inc.

By:  /s/ Goldman, Sachs & CO.
     --------------------------------
             (Goldman, Sachs & Co.)

                                      F-22

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