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                                                                   EXHIBIT 10.49

                               SECURITY AGREEMENT

          SECURITY AGREEMENT, dated as of May 30, 2002, among ROLLER BEARING
COMPANY OF AMERICA, INC., a Delaware corporation ("BORROWER"), the other Credit
Parties signatory hereto (each "Guarantor" collectively "Guarantors", Borrower
and each Guarantor are sometimes collectively referred to herein as "Grantors"
and individually as a "Grantor"), and GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation, individually and in its capacity as Agent for Lenders.

                              W I T N E S S E T H:

          WHEREAS, pursuant to that certain Credit Agreement dated as of the
date hereof by and among Grantors, Agent and Lenders (including all annexes,
exhibits and schedules thereto, and as from time to time amended, restated,
supplemented or otherwise modified, the "CREDIT AGREEMENT"), Lenders have agreed
to make the Loans and to incur Letter of Credit Obligations on behalf of
Borrower;

          WHEREAS, the Guarantors have guaranteed the Obligations of Borrower
under the Credit Agreement and will benefit directly from the Loans and
financial accommodations provided thereunder; and

          WHEREAS, in order to induce Agent and Lenders to enter into the Credit
Agreement and other Loan Documents and to induce Lenders to make the Loans and
to incur Letter of Credit Obligations as provided for in the Credit Agreement,
Grantors have agreed to grant a continuing Lien on the Collateral (as
hereinafter defined) to secure the Obligations;

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

     1.   DEFINED TERMS.

          a.   All capitalized terms used but not otherwise defined herein have
the meanings given to them in the Credit Agreement or in ANNEX A thereto. All
other terms contained in this Security Agreement, unless the context indicates
otherwise, have the meanings provided for by the Code to the extent the same are
used or defined therein.

          b.   "Uniform Commercial Code jurisdiction" means any jurisdiction
that has adopted all or substantially all of Article 9 as contained in the 2000
Official Text of the Uniform Commercial Code, as recommended by the National
Conference of Commissioners on Uniform State Laws and the American Law
Institute, together with any subsequent amendments or modifications to the
Official Text.

     2.   GRANT OF LIEN.

          a.   To secure the prompt and complete payment, performance and
observance of all of the Obligations, each Grantor hereby grants, assigns,
conveys, mortgages, pledges, hypothecates and transfers to Agent, for itself and
the benefit of Lenders, a Lien upon all of its

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right, title and interest in, to and under all personal property and other
assets, whether now owned by or owing to, or hereafter acquired by or arising in
favor of such Grantor (including under any trade names, styles or derivations
thereof), and whether owned or consigned by or to, or leased from or to, such
Grantor, and regardless of where located (all of which being hereinafter
collectively referred to as the "Collateral"), including:

               (i)    all Accounts;

               (ii)   all Chattel Paper;

               (iii)  all Documents;

               (iv)   all General Intangibles (including payment intangibles and
                      Software);

               (v)    all Goods (including Inventory, Equipment and Fixtures);

               (vi)   all Instruments;

               (vii)  all Investment Property;

               (viii) all Deposit Accounts, of any Grantor, including all
                      Blocked Accounts, Concentration Accounts, Disbursement
                      Accounts, and all other bank accounts and all deposits
                      therein;

               (ix)   all money, cash or cash equivalents of any Grantor;

               (x)    all Supporting Obligations and Letter-of-Credit Rights of
                      any Grantor; and

               (xi)   to the extent not otherwise included, all Proceeds, tort
                      claims, insurance claims and other rights to payments not
                      otherwise included in the foregoing and products of the
                      foregoing and all accessions to, substitutions and
                      replacements for, and rents and profits of, each of the
                      foregoing.

          b.   In addition, to secure the prompt and complete payment,
performance and observance of the Obligations and in order to induce Agent and
Lenders as aforesaid, each Grantor hereby grants to Agent, for itself and the
benefit of Lenders, a right of setoff against the property of such Grantor held
by Agent or any Lender, consisting of property described above in SECTION 2(a)
now or hereafter in the possession or custody of or in transit to Agent or any
Lender, for any purpose, including safe keeping, collection or pledge, for the
account of such Grantor, or as to which such Grantor may have any right or
power.

     3.   AGENT'S AND LENDERS' RIGHTS: LIMITATIONS ON AGENT'S AND LENDERS'
OBLIGATIONS.

          a.   It is expressly agreed by Grantors that, anything herein to the
contrary notwithstanding, each Grantor shall remain liable under each of its
Contracts and each of its

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Licenses to observe and perform all the conditions and obligations to be
observed and performed by it thereunder. Neither Agent nor any Lender shall have
any obligation or liability under any Contract or License by reason of or
arising out of this Security Agreement or the granting herein of a Lien thereon
or the receipt by Agent or any Lender of any payment relating to any Contract or
License pursuant hereto. Neither Agent nor any Lender shall be required or
obligated in any manner to perform or fulfill any of the obligations of any
Grantor under or pursuant to any Contract or License, or to make any payment, or
to make any inquiry as to the nature or the sufficiency of any payment received
by it or the sufficiency of any performance by any party under any Contract or
License, or to present or file any claims, or to take any action to collect or
enforce any performance or the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time or times.

          b.   Agent may at any time after an Event of Default has occurred and
is continuing without prior notice to any Grantor, notify Account Debtors and
other Persons obligated on the Collateral that Agent has a security interest
therein, and that payments shall be made directly to Agent. Furthermore, if
Agent determines that Account Debtors' contra-accounts or set-off rights may
cause an Event of Default or Borrowing Availability to be less than zero, Agent
may notify Account Debtors that Agent has a security interest therein, and that
payments shall be made directly to Agent. In such circumstances and upon the
request of Agent, each Grantor shall so notify Account Debtors and other Persons
obligated on Collateral. Once any such notice has been given to any Account
Debtor or other Person obligated on the Collateral, the affected Grantor shall
not give any contrary instructions to such Account Debtor or other Person
without Agent's prior written consent.

          c.   Agent may at any time in Agent's own name, in the name of a
nominee of Agent or in the name of any Grantor communicate (by mail, telephone,
facsimile or otherwise) with Account Debtors, parties to Contracts and obligors
in respect of Instruments to verify with such Persons, to Agent's satisfaction,
the existence, amount terms of, and any other matter relating to, Accounts,
Instruments, Chattel Paper and/or payment intangibles. If an Event of Default
shall have occurred and be continuing, each Grantor, at its own expense, shall
cause the independent certified public accountants then engaged by such Grantor
to prepare and deliver to Agent and each Lender at any time and from time to
time promptly upon Agent's reasonable request the following reports with respect
to each Grantor: (i) a reconciliation of all Accounts; (ii) an aging of all
Accounts; (iii) trial balances; and (iv) a test verification of such Accounts as
Agent may reasonably request. Each Grantor, at its own expense, shall deliver to
Agent the results of each physical verification, if any, which such Grantor may
in its discretion have made, or caused any other Person to have made on its
behalf, of all or any portion of its Inventory.

     4.   REPRESENTATIONS AND WARRANTIES. Each Grantor represents and warrants
that:

          a.   Each Grantor has rights in and the power to transfer each item of
the Collateral upon which it purports to grant a Lien hereunder free and clear
of any and all Liens other than Permitted Encumbrances.

          b.   No effective security agreement, financing statement, equivalent
security or Lien instrument or continuation statement covering all or any part
of the Collateral is on file or of record in any public office, except such as
may have been filed (i) by any Grantor in favor

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of Agent pursuant to this Security Agreement or the other Loan Documents, and
(ii) in connection with any other Permitted Encumbrances.

          c.   This Security Agreement is effective to create a valid and
continuing Lien on and, upon the filing of the appropriate financing statements
listed on SCHEDULE I hereto, a perfected Lien in favor of Agent, for itself and
the benefit of Lenders, on the Collateral with respect to which a Lien may be
perfected by filing pursuant to the Code. Such Lien is prior to all other Liens,
except Permitted Encumbrances, and is enforceable as such as against any and all
creditors of Grantor (other than beneficiaries of the Permitted Encumbrances).

          d.   SCHEDULE II-A hereto lists all Instruments, Letter of Credit
Rights and Chattel Paper of each Grantor. All action by any Grantor necessary or
desirable to protect and perfect the Lien of Agent on each item set forth on
SCHEDULE II-B (including the delivery of all originals thereof to Agent and the
legending of all Chattel Paper as required by SECTION 5(b) hereof) has been duly
taken. The Lien of Agent, for the benefit of Agent and Lenders, on the
Collateral listed on SCHEDULE II-B hereto is prior to all other Liens, except
Permitted Encumbrances, and is enforceable as such against any and all creditors
of Grantor (other than beneficiaries of the Permitted Encumbrances)..

          e.   Each Grantor's name as it appears in official filings in the
state of its incorporation or other organization, the type of entity of each
Grantor (including corporation, partnership, limited partnership or limited
liability company), organizational identification number issued by each
Grantor's state of incorporation or organization or a statement that no such
number has been issued, each Grantor's state of organization or incorporation,
the location of each Grantor's chief executive office, principal place of
business, offices, all warehouses and premises where Collateral is stored or
located, and the locations of its books and records concerning the Collateral
are set forth on SCHEDULE III-A, SCHEDULE III-B, SCHEDULE III-C, SCHEDULE III-D,
SCHEDULE III-E, SCHEDULE III-F, SCHEDULE III-G, or SCHEDULE III-H, respectively,
hereto. Each Grantor has only one state of incorporation or organization.

          f.   With respect to the Accounts, except as specifically disclosed
(x) in the most recent Collateral Report delivered to Agent, or (y) in writing
to Agent, (i) they represent bona fide sales of Inventory or rendering of
services to Account Debtors in the ordinary course of each Grantor's business
and are not evidenced by a judgment, Instrument or Chattel Paper; (ii) there are
no setoffs, claims or disputes existing or asserted with respect thereto and no
Grantor has made any agreement with any Account Debtor for any extension of time
for the payment thereof, any compromise or settlement for less than the full
amount thereof, any release of any Account Debtor from liability therefor, or
any deduction therefrom except a discount or allowance allowed by such Grantor
in the ordinary course of its business for prompt payment and disclosed to
Agent; (iii) to each Grantor's knowledge, there are no facts, events or
occurrences which in any way impair the validity or enforceability thereof or
could reasonably be expected to reduce the amount payable thereunder as shown on
any Grantor's books and records and any invoices, statements and Collateral
Reports delivered to Agent and Lenders with respect thereto; (iv) no Grantor has
received any notice of proceedings or actions which are threatened or pending
against any Account Debtor which might result in any adverse change in such
Account Debtor's financial condition; and (v) no Grantor has knowledge that any
Account Debtor is unable generally to pay its debts as they become due. Further
with respect to the

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Accounts (x) the amounts shown on all invoices, statements and Collateral
Reports which may be delivered to the Agent with respect thereto are actually
and absolutely owing to such Grantor as indicated thereon and are not in any way
contingent; (y) no payments have been or shall be made thereon except payments
immediately delivered to the applicable Blocked Accounts or the Agent as
required pursuant to the terms of ANNEX C to the Credit Agreement; and (z) to
each Grantor's knowledge, all Account Debtors have the capacity to contract.

          g.   With respect to any Inventory scheduled or listed on the most
recent Collateral Report delivered to Agent, (i) such Inventory is located at
one of the applicable Grantor's locations set forth on SCHEDULE III-A, SCHEDULE
III-B, SCHEDULE III-C, SCHEDULE III-D, SCHEDULE III-E, SCHEDULE III-F, SCHEDULE
III-G, or SCHEDULE III-H hereto, as applicable, (ii) no such Inventory is now,
or shall at any time or times hereafter be stored at any other location without
except (A) locations added in connection with a Permitted Acquisition, or (B)
otherwise with Agent's prior consent, and if Agent gives such consent, each
applicable Grantor will concurrently therewith obtain, to the extent required by
the Credit Agreement, bailee, landlord and mortgagee agreements in form
reasonably acceptable to Agent, (iii) the applicable Grantor has good,
indefeasible and merchantable title to such Inventory and such Inventory is not
subject to any Lien or security interest or document whatsoever except for the
Lien granted to Agent, for the benefit of Agent and Lenders, and except for
Permitted Encumbrances, (iv) except as specifically disclosed in the most recent
Collateral Report delivered to Agent, such Inventory is Eligible Inventory of
good and merchantable quality, free from any material defects, (v) such
Inventory is not subject to any licensing, patent, royalty, trademark, trade
name or copyright agreements with any third parties which would require any
consent of any third party upon sale or disposition of that Inventory or the
payment of any monies to any third party upon such sale or other disposition,
and (vi) the completion of manufacture, sale or other disposition of such
Inventory by Agent following an Event of Default shall not require the consent
of any Person and shall not constitute a breach or default under any contract or
agreement to which any Grantor is a party or to which such Inventory is subject.

          h.   No Grantor has any interest in, or title to, any Patent,
Trademark or Copyright except as set forth in SCHEDULE IV-A, SCHEDULE IV-B, or
SCHEDULE IV-C hereto. This Security Agreement is effective to create a valid and
continuing Lien on and, upon timely filing of the Copyright Security Agreements
with the United States Copyright Office and timely filing of the Patent Security
Agreements and the Trademark Security Agreements with the United State Patent
and Trademark Office, perfected Liens in favor of Agent on each Grantor' s
Patents, Trademarks and Copyrights and such perfected Liens are enforceable as
such as against any and all creditors of any Grantor.

     5.   COVENANTS. Each Grantor covenants and agrees with Agent, for the
benefit of Agent and Lenders, that from and after the date of this Security
Agreement and until the Termination Date:

          a.   FURTHER ASSURANCES: PLEDGE OF INSTRUMENTS; CHATTEL PAPER.

               (i)    At any time and from time to time, upon the written
                      request of Agent and at the sole expense of Grantors, each
                      Grantor shall promptly and duly execute and deliver any
                      and all such further

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                      instruments and documents and take such further actions as
                      Agent may reasonably deem desirable to obtain the full
                      benefits of this Security Agreement and of the rights and
                      powers herein granted, including (A) using commercially
                      reasonable efforts to secure all consents and approvals
                      necessary or appropriate for the assignment to or for the
                      benefit of Agent of any License or Contract held by such
                      Grantor and to enforce the security interests granted
                      hereunder; and (B) filing any financing or continuation
                      statements under the Code with respect to the Liens
                      granted hereunder or under any other Loan Document as to
                      those jurisdictions that are not Uniform Commercial Code
                      jurisdictions.

               (ii)   If requested by Agent, each Grantor shall deliver to Agent
                      all Collateral consisting of negotiable Documents,
                      certificated securities, Chattel Paper and Instruments (in
                      each case, accompanied by stock powers, allonges or other
                      instruments of transfer executed in blank) promptly after
                      such Credit Party receives the same.

               (iii)  Each Grantor shall, in accordance with the terms of the
                      Credit Agreement, obtain or use commercially reasonable
                      efforts to obtain waivers or subordinations of Liens from
                      landlords and mortgagees, and each Credit Party shall in
                      all instances obtain signed acknowledgements of Agent's
                      Liens from bailees having possession of any Grantor's
                      Goods that they hold for the benefit of Agent.

               (iv)   Each Grantor that is or becomes the beneficiary of a
                      letter of credit shall promptly, and in any event within
                      two (2) Business Days after becoming a beneficiary, notify
                      Agent thereof and enter into a tri-party agreement with
                      Agent and the issuer and/or confirmation bank with respect
                      to Letter-of-Credit Rights assigning such Letter-of-Credit
                      Rights to Agent and directing all payments thereunder to
                      the Collection Account, all in form and substance
                      reasonably satisfactory to Agent.

               (v)    If requested by Agent, each Grantor shall take all steps
                      necessary to grant the Agent control of all electronic
                      chattel paper in accordance with the Code and all
                      "transferable records" as defined in each of the Uniform
                      Electronic Transactions Act and the Electronic Signatures
                      in Global and National Commerce Act.

               (vi)   Each Grantor hereby irrevocably authorizes the Agent at
                      any time and from time to time to file in any filing
                      office in any Uniform Commercial Code jurisdiction any
                      initial financing statements and amendments thereto that
                      (a) indicate the Collateral (i) as all assets of such
                      Grantor or words of similar effect, regardless of whether

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                      any particular asset comprised in the Collateral falls
                      within the scope of Article 9 of the Code or such
                      jurisdiction, or (ii) as being of an equal or lesser scope
                      or with greater detail, and (b) contain any other
                      information required by part 5 of Article 9 of the Code
                      for the sufficiency or filing office acceptance of any
                      financing statement or amendment, including (i) whether
                      such Grantor is an organization, the type of organization
                      and any organization identification number issued to such
                      Grantor, and (ii) in the case of a financing statement
                      filed as a fixture filing or indicating Collateral as
                      as-extracted collateral or timber to be cut, a sufficient
                      description of real property to which the Collateral
                      relates. Each Grantor agrees to furnish any such
                      information to the Agent promptly upon request. Each
                      Grantor also ratifies its authorization for the Agent to
                      have filed in any Uniform Commercial Code jurisdiction any
                      initial financing statements or amendments thereto if
                      filed prior to the date hereof.

          b.   MAINTENANCE OF RECORDS. Grantors shall keep and maintain, at
their own cost and expense, satisfactory and complete records of the Collateral,
including a record of any and all payments received and any and all credits
granted with respect to the Collateral and all other dealings with the
Collateral. Grantors shall mark their books and records pertaining to the
Collateral to evidence this Security Agreement and the Liens granted hereby. If
any Grantor retains possession of any Chattel Paper or Instruments with Agent's
consent, such Chattel Paper and Instruments shall be marked with the following
legend: "This writing and the obligations evidenced or secured hereby are
subject to the security interest of General Electric Capital Corporation, as
Agent, for the benefit of Agent and certain Lenders."

          c.   COVENANTS REGARDING PATENT, TRADEMARK AND COPYRIGHT COLLATERAL.

               (i)    Grantors shall notify Agent immediately if they know or
                      have reason to know that any application or registration
                      relating to any Patent, Trademark or Copyright (now or
                      hereafter existing) that is material to the conduct of its
                      business may become abandoned or dedicated, or of any
                      adverse determination or development (including the
                      institution of, or any such determination or development
                      in, any proceeding in the United States Patent and
                      Trademark Office, the United States Copyright Office or
                      any court) regarding any Grantor's ownership of any
                      Patent, Trademark or Copyright that is material to the
                      conduct of its business, its right to register the same,
                      or to keep and maintain the same.

               (ii)   In no event shall any Grantor, either itself or through
                      any agent, employee, licensee or designee, file an
                      application for the registration of any Patent, Trademark
                      or Copyright with the United States Patent and Trademark
                      Office, the United States Copyright Office or any similar
                      office or agency without giving Agent prior

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                      written notice thereof, and, upon request of Agent,
                      Grantor shall execute and deliver any and all Patent
                      Security Agreements, Copyright Security Agreements or
                      Trademark Security Agreements as Agent may request to
                      evidence Agent's Lien on such Patent, Trademark or
                      Copyright, and the General Intangibles of such Grantor
                      relating thereto or represented thereby.

               (iii)  Grantors shall take all actions necessary or requested by
                      Agent to maintain and pursue each application, to obtain
                      the relevant registration and to maintain the registration
                      of each of the Patents, Trademarks and Copyrights (now or
                      hereafter existing), including the filing of applications
                      for renewal, affidavits of use, affidavits of
                      non-contestability and opposition and interference and
                      cancellation proceedings, unless the applicable Grantor
                      shall determine that such Patent, Trademark or Copyright
                      is not material to the conduct of its business.

               (iv)   In the event that a Grantor becomes aware of any of the
                      Patent, Trademark or Copyright Collateral is infringed
                      upon, or misappropriated or diluted by a third party, such
                      Grantor shall notify Agent of the same and, unless such
                      Patent, Trademark or Copyright Collateral is not material
                      to the conduct of its business or as otherwise consented
                      by Agent, shall enter into a supplement to this Security
                      Agreement granting to Agent a Lien on a commercial tort
                      claim (as defined in the Code) related thereto. Such
                      Grantor shall, unless such Grantor shall reasonably
                      determine that such Patent, Trademark or Copyright
                      Collateral is not material to the conduct of its business,
                      promptly sue for infringement, misappropriation or
                      dilution and to recover any and all damages for such
                      infringement, misappropriation or dilution, and shall take
                      such other actions as Agent shall deem appropriate under
                      the circumstances to protect such Patent, Trademark or
                      Copyright Collateral.

          d.   INDEMNIFICATION. In any suit, proceeding or action brought by
Agent or any Lender relating to any Collateral for any sum owing with respect
thereto or to enforce any rights or claims with respect thereto, each Grantor
will save, indemnify and keep Agent and Lenders harmless from and against all
expense (including reasonable attorneys' fees and expenses), loss or damage
suffered by reason of any defense, setoff, counterclaim, recoupment or reduction
of liability whatsoever of the Account Debtor or other Person obligated on the
Collateral, arising out of a breach by any Grantor of any obligation thereunder
or arising out of any other agreement, indebtedness or liability at any time
owing to, or in favor of, such obligor or its successors from such Grantor,
except in the case of Agent or any Lender, to the extent such expense, loss, or
damage is attributable solely to the gross negligence or willful misconduct of
Agent or such Lender as finally determined by a court of competent jurisdiction.
All such obligations of Grantors shall be and remain enforceable against and
only against Grantors and shall not be enforceable against Agent or any Lender.

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          e.   LIMITATION ON LIENS ON COLLATERAL. No Grantor will create, permit
or suffer to exist, and each Grantor will defend the Collateral against, and
take such other action as is necessary to remove, any Lien on the Collateral
except Permitted Encumbrances, and will defend the right, title and interest of
Agent and Lenders in and to any of such Grantor's rights under the Collateral
against the claims and demands of all Persons whomsoever (other than the
beneficiaries of the Permitted Encumbrances.

          f.   NOTICES. Each Grantor will advise Agent promptly, in reasonable
detail, of any Lien (other than Permitted Encumbrances) or claim made or
asserted against any of the Collateral of which such Grantor is aware.

          g.   GOOD STANDING CERTIFICATES. If requested by Agent, but not more
frequently than once during each calendar quarter, each Grantor shall provide to
Agent a certificate of good standing from its state of incorporation or
organization.

          h.   NO REINCORPORATION. Without limiting the prohibitions on mergers
involving the Grantors contained in the Credit Agreement, no Grantor shall
reincorporate or reorganize itself under the laws of any jurisdiction other than
the jurisdiction in which it is incorporated or organized as of the date hereof
without the prior written consent of Agent.

          i.   TERMINATIONS; AMENDMENTS NOT AUTHORIZED. Each Grantor
acknowledges that it is not authorized to file any financing statement or
amendment or termination statement with respect to any financing statement
evidencing a Lien granted hereunder without the prior written consent of Agent
and agrees that it will not do so without the prior written consent of Agent,
subject to such Grantor's rights under Section 9-509(d)(2) of the Code.

          j.   AUTHORIZED TERMINATIONS. Agent will promptly deliver to each
Grantor for filing or authorize each Grantor to prepare and file termination
statements and releases in accordance with SECTION 11.2(e) of the Credit
Agreement.

     6.   AGENT'S APPOINTMENT AS ATTORNEY-IN-FACT.

          On the Closing Date each Grantor shall execute and deliver to Agent a
power of attorney (the "POWER OF ATTORNEY") substantially in the form attached
hereto as Exhibit A. The power of attorney granted pursuant to the Power of
Attorney is a power coupled with an interest and shall be irrevocable until the
Termination Date. The powers conferred on Agent, for the benefit of Agent and
Lenders, under the Power of Attorney are solely to protect Agent's interests
(for the benefit of Agent and Lenders) in the Collateral and shall not impose
any duty upon Agent or any Lender to exercise any such powers. Agent agrees that
(a) except for the powers granted in clause (h) of the Power of Attorney, it
shall not exercise any power or authority granted under the Power of Attorney
unless an Event of Default has occurred and is continuing, and (b) Agent shall
account for any moneys received by Agent in respect of any foreclosure on or
disposition of Collateral pursuant to the Power of Attorney provided that none
of Agent or any Lender shall have any duty as to any Collateral, and Agent and
Lenders shall be accountable only for amounts that they actually receive as a
result of the exercise of such powers. NONE OF AGENT, LENDERS OR THEIR
RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES
SHALL BE RESPONSIBLE TO ANY

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GRANTOR FOR ANY ACT OR FAILURE TO ACT UNDER ANY POWER OF ATTORNEY OR OTHERWISE,
EXCEPT IN RESPECT OF DAMAGES ATTRIBUTABLE SOLELY TO THEIR OWN GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT
JURISDICTION, NOR FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL
DAMAGES.

     7.   REMEDIES: RIGHTS UPON DEFAULT.

          a.   In addition to all other rights and remedies granted to it under
this Security Agreement, the Credit Agreement, the other Loan Documents and
under any other instrument or agreement securing, evidencing or relating to any
of the Obligations, if any Event of Default shall have occurred and be
continuing, Agent may exercise all rights and remedies of a secured party under
the Code. Without limiting the generality of the foregoing, each Grantor
expressly agrees that in any such event Agent, without demand of performance or
other demand, advertisement or notice of any kind (except the notice specified
below of time and place of public or private sale) to or upon such Grantor or
any other Person (all and each of which demands, advertisements and notices are
hereby expressly waived to the maximum extent permitted by the Code and other
applicable law), may forthwith enter upon the premises of such Grantor where any
Collateral is located through self-help, without judicial process, without first
obtaining a final judgment or giving such Grantor or any other Person notice and
opportunity for a hearing on Agent's claim or action and may collect, receive,
assemble, process, appropriate and realize upon the Collateral, or any part
thereof, and may forthwith sell, lease, license, assign, give an option or
options to purchase, or sell or otherwise dispose of and deliver said Collateral
(or contract to do so), or any part thereof, in one or more parcels at a public
or private sale or sales, at any exchange at such prices as it may deem
acceptable, for cash or on credit or for future delivery without assumption of
any credit risk. Agent or any Lender shall have the right upon any such public
sale or sales and, to the extent permitted by law, upon any such private sale or
sales, to purchase for the benefit of Agent and Lenders, the whole or any part
of said Collateral so sold, free of any right or equity of redemption, which
equity of redemption each Grantor hereby releases. Such sales may be adjourned
and continued from time to time with or without notice. Agent shall have the
right to conduct such sales on any Grantor's premises or elsewhere and shall
have the right to use any Grantor's premises without charge for such time or
times as Agent deems necessary or advisable.

          If any Event of Default shall have occurred and be continuing, each
Grantor further agrees, at Agent's request, to assemble the Collateral and make
it available to Agent at a place or places designated by Agent which are
reasonably convenient to Agent and such Grantor, whether at such Grantor's
premises or elsewhere. Until Agent is able to effect a sale, lease, or other
disposition of Collateral, Agent shall have the right to hold or use Collateral,
or any part thereof, to the extent that it deems appropriate for the purpose of
preserving Collateral or its value or for any other purpose deemed appropriate
by Agent. Agent shall have no obligation to any Grantor to maintain or preserve
the rights of such Grantor as against third parties with respect to Collateral
while Collateral is in the possession of Agent. Agent may, if it so elects, seek
the appointment of a receiver or keeper to take possession of Collateral and to
enforce any of Agent's remedies (for the benefit of Agent and Lenders), with
respect to such appointment without prior notice or hearing as to such
appointment. Agent shall apply the net proceeds of any such collection,
recovery, receipt, appropriation, realization or sale to the Obligations as

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provided in the Credit Agreement, and only after so paying over such net
proceeds, and after the payment by Agent of any other amount required by any
provision of law, need Agent account for the surplus, if any, to any Grantor. To
the maximum extent permitted by applicable law, each Grantor waives all claims,
damages, and demands against Agent or any Lender arising out of the
repossession, retention or sale of the Collateral except such as arise solely
out of the gross negligence or willful misconduct of Agent or such Lender as
finally determined by a court of competent jurisdiction. Each Grantor agrees
that ten (10) days prior notice by Agent of the time and place of any public
sale or of the time after which a private sale may take place is reasonable
notification of such matters. Grantors shall remain liable for any deficiency if
the proceeds of any sale or disposition of the Collateral are insufficient to
pay all Obligations, including any attorneys' fees and other expenses incurred
by Agent or any Lender to collect such deficiency.

          b.   Except as otherwise specifically provided herein, each Grantor
hereby waives presentment, demand, protest or any notice (to the maximum extent
permitted by applicable law) of any kind in connection with this Security
Agreement or any Collateral.

          c.   To the extent that applicable law imposes duties on the Agent to
exercise remedies in a commercially reasonable manner, each Grantor acknowledges
and agrees that it is not commercially unreasonable for the Agent (i) to fail to
incur expenses reasonably deemed significant by the Agent to prepare Collateral
for disposition or otherwise to complete raw material or work in process into
finished goods or other finished products for disposition, (ii) to fail to
obtain third party consents for access to Collateral to be disposed of, or to
obtain or, if not required by other law, to fail to obtain governmental or third
party consents for the collection or disposition of Collateral to be collected
or disposed of, (iii) to fail to exercise collection remedies against Account
Debtors or other Persons obligated on Collateral or to remove Liens on or any
adverse claims against Collateral, (iv) to exercise collection remedies against
Account Debtors and other Persons obligated on Collateral directly or through
the use of collection agencies and other collection specialists, (v) to
advertise dispositions of Collateral through publications or media of general
circulation, whether or not the Collateral is of a specialized nature, (vi) to
contact other Persons, whether or not in the same business as the Grantor, for
expressions of interest in acquiring all or any portion of such Collateral,
(vii) to hire one or more professional auctioneers to assist in the disposition
of Collateral, whether or not the Collateral is of a specialized nature, (viii)
to dispose of assets in wholesale rather than retail markets, (ix) to disclaim
disposition warranties, such as title, possession or quiet enjoyment, (x) to
purchase insurance or credit enhancements to insure the Agent against risks of
loss, collection or disposition of Collateral or to provide to the Agent a
guaranteed return from the collection or disposition of Collateral, or (xi) to
the extent deemed appropriate by the Agent, to obtain the services of other
brokers, investment bankers, consultants and other professionals to assist the
Agent in the collection or disposition of any of the Collateral. Each Grantor
acknowledges that the purpose of this Section 7(c) is to provide non-exhaustive
indications of what actions or omissions by the Agent would not be commercially
unreasonable in the Agent's exercise of remedies against the Collateral and that
other actions or omissions by the Agent shall not be deemed commercially
unreasonable solely on account of not being indicated in this Section 7(c).
Without limitation upon the foregoing, nothing contained in this Section 7(c)
shall be construed to grant any rights to any Grantor or to impose any duties on
Agent that would not have been granted or imposed by this Security Agreement or
by applicable law in the absence of this Section 7(c).

                                       11
<Page>

          d.   Neither the Agent nor the Lenders shall be required to make any
demand upon, or pursue or exhaust any of their rights or remedies against, any
Grantor, any other obligor, guarantor, pledgor or any other Person with respect
to the payment of the Obligations or to pursue or exhaust any of their rights or
remedies with respect to any Collateral therefor or any direct or indirect
guarantee thereof. Neither the Agent nor the Lenders shall be required to
marshal the Collateral or any guarantee of the Obligations or to resort to the
Collateral or any such guarantee in any particular order, and all of its and
their rights hereunder or under any other Loan Document shall be cumulative. To
the extent it may lawfully do so, each Grantor absolutely and irrevocably waives
and relinquishes the benefit and advantage of, and covenants not to assert
against the Agent or any Lender, any valuation, stay, appraisement, extension,
redemption or similar laws and any and all rights or defenses it may have as a
surety now or hereafter existing which, but for this provision, might be
applicable to the sale of any Collateral made under the judgment, order or
decree of any court, or privately under the power of sale conferred by this
Security Agreement, or otherwise.

     8.   GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL. For the
purpose of enabling Agent to exercise rights and remedies under SECTION 7 hereof
(including, without limiting the terms of SECTION 7 hereof, in order to take
possession of, hold, preserve, process, assemble, prepare for sale, market for
sale, sell or otherwise dispose of Collateral) at such time and for so long as
Agent shall be lawfully entitled to exercise such rights and remedies, each
Grantor hereby grants to Agent, for the benefit of Agent and Lenders, a
nonexclusive license (exercisable without payment of royalty or other
compensation to such Grantor) to use, license or sublicense any intellectual
property now owned or hereafter acquired by such Grantor, and wherever the same
may be located, and including in such license access to all media in which any
of the licensed items may be recorded or stored and to all computer software and
programs used for the compilation or printout thereof.

     9.   LIMITATION ON AGENT'S AND LENDERS' DUTY IN RESPECT OF COLLATERAL.
Agent and each Lender shall use reasonable care with respect to the Collateral
in its possession or under its control. Neither Agent nor any Lender shall have
any other duty as to any Collateral in its possession or control or in the
possession or control of any Agent or nominee of Agent or such Lender, or any
income thereon or as to the preservation of rights against prior parties or any
other rights pertaining thereto.

     10.  REINSTATEMENT. This Security Agreement shall remain in full force and
effect and continue to be effective should any petition be filed by or against
any Grantor for liquidation or reorganization, should any Grantor become
insolvent or make an assignment for the benefit of any Creditor or Creditors or
should a receiver or trustee be appointed for all or any significant part of any
Grantor's assets, and shall continue to be effective or be reinstated, as the
case may be, if at any time payment and performance of the Obligations, or any
part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee of the Obligations,
whether as a "voidable preference," "fraudulent conveyance," or otherwise, all
as though such payment or performance had not been made. In the event that any
payment, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall be reinstated and deemed reduced only by such amount paid and
not so rescinded, reduced, restored or returned.

                                       12
<Page>

     11.  NOTICES. Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other
communication shall or may be given to or served upon any of the parties by any
other party, or whenever any of the parties desires to give and serve upon any
other party any communication with respect to this Security Agreement, each such
notice, demand, request, consent, approval, declaration or other communication
shall be in writing and shall be given in the manner, and deemed received, as
provided for in the Credit Agreement.

     12.  SEVERABILITY. Whenever possible, each provision of this Security
Agreement shall be interpreted in a manner as to be effective and valid under
applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity without invalidating
the remainder of such provision or the remaining provisions of this Security
Agreement. This Security Agreement is to be read, construed and applied together
with the Credit Agreement and the other Loan Documents which, taken together,
set forth the complete understanding and agreement of Agent, Lenders and
Grantors with respect to the matters referred to herein and therein.

     13.  NO WAIVER; CUMULATIVE REMEDIES. Neither Agent nor any Lender shall by
any act, delay, omission or otherwise be deemed to have waived any of its rights
or remedies hereunder, and no waiver shall be valid unless in writing, signed by
Agent and then only to the extent therein set forth. A waiver by Agent of any
right or remedy hereunder on any one occasion shall not be construed as a bar to
any right or remedy which Agent would otherwise have had on any future occasion.
No failure to exercise nor any delay in exercising on the part of Agent or any
Lender, any right, power or privilege hereunder, shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power or
privilege hereunder preclude any other or future exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies
hereunder provided are cumulative and may be exercised singly or concurrently,
and are not exclusive of any rights and remedies provided by law. None of the
terms or provisions of this security agreement may be waived, altered, modified
or amended except by an instrument in writing, duly executed by Agent and
Grantors.

     14.  LIMITATION BY LAW. All rights, remedies and powers provided in this
Security Agreement may be exercised only to the extent that the exercise thereof
does not violate any applicable provision of law, and all the provisions of this
Security Agreement are intended to be subject to all applicable mandatory
provisions of law that may be controlling and to be limited to the extent
necessary so that they shall not render this Security Agreement invalid,
unenforceable, in whole or in part, or not entitled to be recorded, registered
or filed under the provisions of any applicable law.

     15.  TERMINATION OF THIS SECURITY AGREEMENT. Subject to SECTION 10 hereof,
this Security Agreement shall terminate upon the Termination Date.

     16.  SUCCESSORS AND ASSIGNS. This Security Agreement and all Obligations of
Grantors hereunder shall be binding upon the successors and assigns of each
Grantor (including any debtor-in-possession on behalf of such Grantor) and
shall, together with the rights and remedies of Agent, for the benefit of Agent
and Lenders, hereunder, inure to the benefit of Agent and

                                       13
<Page>

Lenders, all future holders of any instrument evidencing any of the Obligations
and their respective successors and assigns. No sales of participations, other
sales, assignments, transfers or other dispositions of any agreement governing
or instrument evidencing the Obligations or any portion thereof or interest
therein shall in any manner impair the Lien granted to Agent, for the benefit of
Agent and Lenders, hereunder. No Grantor may assign, sell, hypothecate or
otherwise transfer any interest in or Obligation under this Security Agreement.

     17.  COUNTERPARTS. This Security Agreement may be authenticated in any
number of separate counterparts, each of which shall collectively and separately
constitute one agreement. This Security Agreement may be authenticated by manual
signature, facsimile or, if approved in writing by Agent, electronic means, all
of which shall be equally valid.

     18.  GOVERNING LAW. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN ANY OF THE
LOAN DOCUMENTS, IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, THIS SECURITY AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER
SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE,
AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. EACH GRANTOR HEREBY
CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN NEW YORK COUNTY,
CITY OF NEW YORK, NEW YORK, SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND
DETERMINE ANY CLAIMS OR DISPUTES BETWEEN GRANTORS, AGENT AND LENDERS PERTAINING
TO THIS SECURITY AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY MATTER
ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY OF THE OTHER LOAN
DOCUMENTS, PROVIDED, THAT AGENT, LENDERS AND GRANTORS ACKNOWLEDGE THAT ANY
APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF NEW
YORK COUNTY, AND, PROVIDED, FURTHER, NOTHING IN THIS AGREEMENT SHALL BE DEEMED
OR OPERATE TO PRECLUDE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN
ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR
THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF
AGENT. EACH GRANTOR EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH
JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH GRANTOR
HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL
JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE
GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH
COURT. EACH GRANTOR HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND
OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH
SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED
MAIL ADDRESSED TO SUCH GRANTOR AT THE ADDRESS SET FORTH ON ANNEX I TO THE CREDIT
AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF
ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S. MAILS, PROPER
POSTAGE PREPAID.

                                       14
<Page>

     19.  WAIVER OF JURY TRIAL. Because disputes arising in connection with
complex financial transactions are most quickly and economically resolved by an
experienced and expert person and the parties wish applicable state and federal
laws to apply (rather than arbitration rules), the parties desire that disputes
arising hereunder or relating hereto be resolved by a judge applying such
applicable laws. Therefore, to achieve the best combination of the benefits of
the judicial system and of arbitration, the parties hereto waive all right to
trial by jury in any action, suit or proceeding brought to resolve any dispute,
whether sounding in contract, tort, or otherwise, among Agent, Lenders, and
Grantors arising out of, connected with, related to, or incidental to the
relationship established in connection with, this Security Agreement or any of
the other loan documents or the transactions related hereto or thereto.

     20.  SECTION TITLES. The Section titles contained in this Security
Agreement are and shall be without substantive meaning or content of any kind
whatsoever and are not a part of the Agreement between the parties hereto.

     21.  NO STRICT CONSTRUCTION. The parties hereto have participated jointly
in the negotiation and drafting of this Security Agreement. In the event an
ambiguity or question of intent or interpretation arises, this Security
Agreement shall be construed as if drafted jointly by the parties hereto and no
presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any provisions of this Security Agreement.

     22.  ADVICE OF COUNSEL. Each of the parties represents to each other party
hereto that it has discussed this Security Agreement and, specifically, the
provisions of SECTION 18 and SECTION 19, with its counsel.

     23.  BENEFIT OF LENDERS. All Liens granted or contemplated hereby shall be
for the benefit of Agent, individually, and Lenders, and all proceeds or
payments realized from Collateral in accordance herewith shall be applied to the
Obligations in accordance with the terms of the Credit Agreement.

                                       15
<Page>

          IN WITNESS WHEREOF, each of the parties hereto has caused this
Security Agreement to be executed and delivered by its duly authorized officer
as of the date first set forth above.

                                        GENERAL ELECTRIC CAPITAL
                                        CORPORATION, as Agent

                                        By: /s/ John Goodwin
                                           -------------------------------------
                                              Duly Authorized Signatory

                                        ROLLER BEARING COMPANY OF AMERICA,
                                        INC., AS BORROWER

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                                        INDUSTRIAL TECTONICS BEARINGS
                                        CORPORATION, as Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                                        RBC NICE BEARINGS INC., as Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                   [Signature Page to the Security Agreement]

<Page>

                                        BREMEN BEARINGS, INC., as Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                                        TYSON BEARING COMPANY, INC., as Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                                        RBC LINEAR PRECISION PRODUCTS, INC., as
                                        Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                                        MILLER BEARING COMPANY, INC., as Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                                        RBC OKLAHOMA, INC., as Grantor

                                        By: /s/ Anthony S. Cavalieri
                                           -------------------------------------
                                        Name: Anthony S. Cavalieri
                                             -----------------------------------
                                        Title: Chief Financial Officer
                                              ----------------------------------

                   [Signature Page to the Security Agreement]

<Page>

                                   SCHEDULE I
                                       to
                               SECURITY AGREEMENT

                              FILING JURISDICTIONS

<Page>

                                   SCHEDULE II
                                       to
                               SECURITY AGREEMENT

                                   INSTRUMENTS
                                  CHATTEL PAPER
                                       AND
                             LETTER OF CREDIT RIGHTS

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-A
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
         AND RECORDS CONCERNING ROLLER BEARING COMPANY OF AMERICA, INC.
                               ("RBC") COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization of RBC:

V.     Chief Executive Office and principal place of business of RBC:

VI.    Corporate Offices of RBC:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-B
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
        AND RECORDS CONCERNING INDUSTRIAL TECTONICS BEARINGS CORPORATION
                            ("INDUSTRIAL") COLLATERAL

I.     Grantor's official name:
                                  -----------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of Industrial:

VI.    Corporate Offices of Industrial:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-C
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
              AND RECORDS CONCERNING RBC NICE BEARINGS, INC. ("RBC
                                NICE")COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of RBC Nice

VI.    Corporate Offices of RBC Nice:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-D
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
       AND RECORDS CONCERNING BREMEN BEARINGS, INC. ("BREMEN") COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of Bremen:

VI.    Corporate Offices of Bremen:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-E
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
          AND RECORDS CONCERNING TYSON BEARING COMPANY, INC. ("TYSON")
                                   COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of Tyson:

VI.    Corporate Offices of Tyson:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-F
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
         AND RECORDS CONCERNING RBC LINEAR PRODUCTS, INC. ("RBC LINEAR")
                                   COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of RBC Linear:

VI.    Corporate Offices of RBC Linear:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-G
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
         AND RECORDS CONCERNING MILLER BEARING COMPANY, INC. ("MILLER")
                                   COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of Miller:

VI.    Corporate Offices of Miller:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                 SCHEDULE III-H
                                       to
                               SECURITY AGREEMENT

                  SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL
           AND RECORDS CONCERNING RBC OKLAHOMA, INC. ("RBC OKLAHOMA")
                                   COLLATERAL

I.     Grantor's official name:
                                  -------------------------

II.    Type of entity (e.g. corporation, partnership, business trust, limited
       partnership, limited liability company):

III.   Organizational identification number issued by Grantor's state of
       incorporation or organization or a statement that no such number has been
       issued:

IV.    State or Incorporation or Organization:

V.     Chief Executive Office and principal place of business of RBC Oklahoma:

VI.    Corporate Offices of RBC Oklahoma:

VII.   Warehouses:

VIII.  Other Premises at which Collateral is Stored or Located:

IX.    Locations of Records Concerning Collateral:

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                  SCHEDULE IV-A
                                       to
                               SECURITY AGREEMENT

                       PATENTS, TRADEMARKS AND COPYRIGHTS

        RBC                                                 INDUSTRIAL

                          [TO BE COMPLETED BY GRANTORS]

<Page>

                                  SCHEDULE IV-B
                                       to
                               SECURITY AGREEMENT

                       PATENTS, TRADEMARKS AND COPYRIGHTS

        RBC NICE                     BREMEN                      TYSON

<Page>

                                  SCHEDULE IV-C
                                       to
                               SECURITY AGREEMENT

                       PATENTS, TRADEMARKS AND COPYRIGHTS

        RBC LINEAR                   MILLER                  RBC OKLAHOMA

<Page>

                                    EXHIBIT A

                                POWER OF ATTORNEY

          This Power of Attorney is executed and delivered by
______________________, a _____________________ corporation ("Grantor") to
General Electric Capital Corporation, a Delaware corporation (hereinafter
referred to as "Attorney"), as Agent for the benefit of Agent and Lenders, under
a Credit Agreement and a Security Agreement, both dated as of May ____, 2002,
and other related documents (the "Loan Documents"). No person to whom this Power
of Attorney is presented, as authority for Attorney to take any action or
actions contemplated hereby, shall be required to inquire into or seek
confirmation from Grantor as to the authority of Attorney to take any action
described below, or as to the existence of or fulfillment of any condition to
this Power of Attorney, which is intended to grant to Attorney unconditionally
the authority to take and perform the actions contemplated herein, and Grantor
irrevocable waives any right to commence any suit or action, in law or equity,
against any person or entity which acts in reliance upon or acknowledges the
authority granted under this Power of Attorney. The power of attorney granted
hereby is coupled with an interest, and may not be revoked or canceled by
Grantor without Attorney' s written consent.

          Grantor hereby irrevocably constitutes and appoints Attorney (and all
officers, employees or Agents designated by Attorney), with full power of
substitution, as Grantor's true and lawful attorney-in-fact with full
irrevocable power and authority in the place and stead of Grantor and in the
name of Grantor or in its own name, from time to time in Attorney's discretion,
to take any and all appropriate action and to execute and deliver any and all
documents and instruments which may be necessary or desirable to accomplish the
purposes of the Loan Documents and, without limiting the generality of the
foregoing, Grantor hereby grants to Attorney the power and right, on behalf of
Grantor, without notice to or assent by Grantor, and at any time, to do the
following: (a) change the mailing address of Grantor, open a post office box on
behalf of Grantor, open mail for Grantor, and ask, demand, collect, give
acquittances and receipts for, take possession of, endorse any invoices, freight
or express bills, bills of lading, storage or warehouse receipts, drafts against
debtors, assignments, verifications, and notices in connection with any property
of Grantor; (b) effect any repairs to any asset of Grantor, or continue or
obtain any insurance and pay all or any part of the premiums therefor and costs
thereof, and make, settle and adjust all claims under such policies of
insurance, and make all determinations and decisions with respect to such
policies; (c) pay or discharge any taxes, liens, security interests, or other
encumbrances levied or placed on or threatened against Grantor or its property;
(d) defend any suit, action or proceeding brought against Grantor if Grantor
does not defend such suit, action or proceeding or if Attorney believes that
Grantor is not pursuing such defense in a manner that will maximize the recovery
to Attorney, and settle, compromise or adjust any suit, action, or proceeding
described above and, in connection therewith, give such discharges or releases
as Attorney may deem appropriate; (e) file or prosecute any claim, litigation,
suit or proceeding in any court of competent jurisdiction or before any
arbitrator, or take any other action otherwise deemed appropriate by Attorney
for the purpose of collecting any and all such moneys due to Grantor whenever
payable and to enforce any other right in respect of Grantor's property; (f)
cause the certified public accountants then engaged by Grantor to

<Page>

prepare and deliver to Attorney at any time and from time to time, promptly upon
Attorney's request, the following reports: (1) a reconciliation of all accounts,
(2) an aging of all accounts, (3) trial balances, (4) test verifications of such
accounts as Attorney may request, and (5) the results of each physical
verification of inventory; (g) communicate in its own name with any party to any
Contract with regard to the assignment of the right, title and interest of such
Grantor in and under the Contracts and other matters relating thereto; (h) to
file such financing statements with respect to the Security Agreement, with or
without Grantor's signature, or to file a photocopy of the Security Agreement in
substitution for a financing statement, as the Agent may deem appropriate and to
execute in Grantor's name such financing statements and amendments thereto and
continuation statements which may require the Grantor's signature; and (i)
execute, in connection with any sale provided for in any Loan Document, any
endorsements, assignments or other instruments of conveyance or transfer with
respect to the Collateral and to otherwise direct such sale or resale, all as
though Attorney were the absolute owner of the property of Grantor for all
purposes, and to do, at Attorney's option and Grantor's expense, at any time or
from time to time, all acts and other things that Attorney reasonably deems
necessary to perfect, preserve, or realize upon Grantor's property or assets and
Attorney's Liens thereon, all as fully and effectively as Grantor might do.
Grantor hereby ratifies, to the extent permitted by law, all that said Attorney
shall lawfully do or cause to be done by virtue hereof.

          IN WITNESS WHEREOF, this Power of Attorney is executed by Grantor, and
Grantor has caused its seal to be affixed pursuant to the authority of its board
of directors this _____________ day of May, 2002.

                                     [               GRANTOR                 ]
                                      ---------------------------------------

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

                            NOTARY PUBLIC CERTIFICATE

          On this _____ day of May, 2002, [officer's name] who is personally
known to me appeared before me in his/her capacity as the [title] of [Grantor]
("Grantor") and executed on behalf of Grantor the Power of Attorney in favor of
General Electric Capital Corporation to which this Certificate is attached.

                                        ----------------------------------------
                                        Notary Public<Page>

                                                                   EXHIBIT 10.50

                                PLEDGE AGREEMENT

          This PLEDGE AGREEMENT, dated as of May 30, 2002 (together with all
amendments, if any, from time to time hereto, this "AGREEMENT") between ROLLER
BEARING COMPANY OF AMERICA, INC., a Delaware corporation (the "PLEDGOR"), and
GENERAL ELECTRIC CAPITAL CORPORATION, in its capacity as Agent for Lenders
("Agent").

                              W I T N E S S E T H:

          WHEREAS, pursuant to that certain Credit Agreement dated as of the
date hereof by and among Pledgor, the Persons named therein as Credit Parties,
Agent and the Persons signatory thereto from time to time as Lenders (including
all annexes, exhibits and schedules thereto, and as from time to time amended,
restated, supplemented or otherwise modified (the "CREDIT AGREEMENT") the
Lenders have agreed to make Loans to, and incur Letter of Credit Obligations for
the benefit of, Borrower;

          WHEREAS, Pledgor is the record and beneficial owner of the shares of
Stock listed in Part A of SCHEDULE I hereto and the owner of the promissory
notes and instruments listed in Part B of SCHEDULE I hereto;

          WHEREAS, Pledgor benefits from the credit facilities made available to
Borrower under the Credit Agreement;

          WHEREAS, in order to induce Agent and Lenders to make the Loans and to
incur the Letter of Credit Obligations as provided for in the Credit Agreement,
Pledgor has agreed to pledge the Pledged Collateral to Agent in accordance
herewith;

          NOW, THEREFORE, in consideration of the premises and the covenants
hereinafter contained and to induce Lenders to make Loans and to incur Letter of
Credit Obligations under the Credit Agreement, it is agreed as follows:

     1.   DEFINITIONS. Unless otherwise defined herein, terms defined in the
Credit Agreement are used herein as therein defined, and the following shall
have (unless otherwise provided elsewhere in this Agreement) the following
respective meanings (such meanings being equally applicable to both the singular
and plural form of the terms defined):

          "BANKRUPTCY CODE" means title 11, United States Code, as amended from
time to time, and any successor statute thereto.

          "PLEDGED COLLATERAL" has the meaning assigned to such term in SECTION
2 hereof.

          "PLEDGED ENTITY" means an issuer of Pledged Shares or Pledged
Indebtedness.

          "PLEDGED INDEBTEDNESS" means the Indebtedness evidenced by promissory
notes and instruments listed on Part B of SCHEDULE I hereto;

<Page>

          "PLEDGED SHARES" means those shares of Stock listed on Part A of
SCHEDULE I hereto.

          "SECURED OBLIGATIONS" has the meaning assigned to such term in SECTION
3 hereof.

     2.   PLEDGE. Pledgor hereby pledges to Agent, and grants to Agent for
itself and the ratable benefit of Lenders, a first priority security interest in
all of the following (collectively, the "PLEDGED COLLATERAL"):

          a.   the Pledged Shares and the certificates representing the Pledged
Shares, and all dividends, distributions, cash, instruments and other property
or proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of the Pledged Shares; and

          b.   such portion, as determined by Agent as provided in SECTION 6(d)
below, of any additional shares of Stock of a Pledged Entity from time to time
acquired by Pledgor in any manner (which shares of Stock shall be deemed to be
part of the Pledged Shares), and the certificates representing such additional
shares, and all dividends, distributions, cash, instruments and other property
or proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such Stock; and

          c.   the Pledged Indebtedness and the promissory notes or instruments
evidencing the Pledged Indebtedness, and all interest, cash, instruments and
other property and assets from time to time received, receivable or otherwise
distributed in respect of the Pledged Indebtedness; and

          d.   all additional Indebtedness arising after the date hereof and
owing to Pledgor and evidenced by promissory notes or other instruments,
together with such promissory notes and instruments, and all interest, cash,
instruments and other property and assets from time to time received, receivable
or otherwise distributed in respect of that Pledged Indebtedness.

     3.   SECURITY FOR OBLIGATIONS. This Agreement secures, and the Pledged
Collateral is security for, the prompt payment in full when due, whether at
stated maturity, by acceleration or otherwise, and performance of all
Obligations (collectively, the "SECURED OBLIGATIONS").

     4.   DELIVERY OF PLEDGED COLLATERAL. All certificates and all promissory
notes and instruments evidencing the Pledged Collateral shall be delivered to
and held by or on behalf of Agent, for itself and the ratable benefit of
Lenders, pursuant hereto. All Pledged Shares shall be accompanied by duly
executed instruments of transfer or assignment in blank, all in form and
substance satisfactory to Agent and all promissory notes or other instruments
evidencing the Pledged Indebtedness shall be endorsed by Pledgor.

     5.   REPRESENTATIONS AND WARRANTIES. Pledgor represents and warrants to
Agent that:

          a.   Pledgor is, and at the time of delivery of the Pledged Shares to
Agent will be, the sole holder of record and the sole beneficial owner of such
Stock free and clear of any Lien thereon or affecting the title thereto, except
for any Lien created by the Loan Documents; Pledgor is and at the time of
delivery of the Pledged Indebtedness to Agent will be, the sole

                                       2
<Page>

owner of such Pledged Indebtedness free and clear of any Lien thereon or
affecting title thereto, except for any Lien created by the Loan Documents;

          b.   All of the Pledged Shares have been duly authorized, validly
issued and are fully paid and non-assessable; the Pledge Indebtedness has been
duly authorized, authenticated or issued and delivered by, and is the legal,
valid and binding obligations of, the Pledged Entity issuing such Pledged
Indebtedness, and no such Pledged Entity is in default thereunder.

          c.   Pledgor has the power and requisite authority to pledge, assign,
transfer, deliver, deposit and set over the Pledged as provided herein.

          d.   All of the Pledged Shares are presently owned by Pledgor, and are
presently represented by the certificates listed on Part A of SCHEDULE I hereto.
As of the date hereof, there are no existing options, warrants, calls or
commitments of any character whatsoever relating to the Pledged Shares;

          e.   No consent, approval, authorization or other order or other
action by, and no notice to or filing with, any Governmental Authority or any
other Person is required (i) for the pledge by Pledgor of the Pledged Collateral
pursuant to this Agreement or for the execution, delivery or performance of this
Agreement by Pledgor, or (ii) for the exercise by Agent of (A) the voting or
other rights provided for in this Agreement or (B) the remedies in respect of
the Pledged Collateral pursuant to this Agreement, except as may be required by
the Code or laws affecting the offering and sale of securities generally;

          f.   The pledge, assignment and delivery of the Pledged Collateral
pursuant to this Agreement will create a valid first priority Lien on and a
first priority perfected security interest in favor of the Agent for its benefit
and the ratable benefit of Lenders in the Pledged Collateral in accordance with
Section 2, securing the payment of the Secured Obligations, subject to no other
Lien;

          g.   This Agreement has been duly authorized, executed and delivered
by Pledgor and constitutes a legal, valid and binding obligation of Pledgor
enforceable against Pledgor in accordance with its terms;

          h.   The Pledged Shares constitute 100% of the issued and outstanding
shares of Stock of the Pledgor's Domestic Subsidiaries and [100%/66%] of the
Stock of RBC Schaublin Holding S.A. and RBC Mexico S. DE R.L. DE C.V..

          i.   Except as disclosed on Part B of SCHEDULE I, none of the Pledged
Indebtedness is subordinated in right of payment to other Indebtedness (except
for the Secured Obligations) or subject to the terms of an indenture.

          The representations and warranties set forth in this SECTION 5 shall
survive the execution and delivery of this Agreement.

     6.   COVENANTS. Pledgor covenants and agrees that until the Termination
Date:

                                       3
<Page>

          a.   Without the prior written consent of Agent, Pledgor will not
sell, assign, transfer, pledge, or otherwise encumber any of its rights in or to
the Pledged Collateral, or any unpaid dividends, interest or other distributions
or payments with respect to the Pledged Collateral or grant a Lien in the
Pledged Collateral, unless otherwise expressly permitted by the Credit
Agreement;

          b.   Pledgor will, at its expense, promptly execute, acknowledge and
deliver all such instruments and take all such actions as Agent from time to
time may reasonably request in order to ensure to Agent and Lenders the benefits
of the Liens in and to the Pledged Collateral intended to be created by this
Agreement, including the filing of any necessary Code financing statements,
which may be filed by Agent with or (to the extent permitted by law) without the
signature of Pledgor, and will cooperate with Agent, at Pledgor's expense, in
obtaining all necessary approvals and making all necessary filings under
federal, state, local or foreign law in connection with such Liens or any sale
or transfer of the Pledged Collateral in accordance with Section 8;

          c.   Pledgor has and will defend the title to the Pledged Collateral
and the Liens of Agent in the Pledged Collateral against the claim of any Person
and will maintain and preserve such Liens; and

          d.   Pledgor will, upon obtaining ownership of any additional Stock or
promissory notes or instruments of a Pledged Entity or Stock or promissory notes
or instruments otherwise required to be pledged to Agent pursuant to any of the
Loan Documents, which Stock, notes or instruments are not already Pledged
Collateral, promptly (and in any event within three (3) Business Days) deliver
to Agent a Pledge Amendment, duly executed by Pledgor, in substantially the form
of SCHEDULE II hereto (a "PLEDGE AMENDMENT") in respect of any such additional
Stock, notes or instruments, pursuant to which Pledgor shall pledge to Agent all
of such additional Stock, notes and instruments. Pledgor hereby authorizes Agent
to attach each Pledge Amendment to this Agreement and agrees that all Pledged
Shares and Pledged Indebtedness listed on any Pledge Amendment delivered to
Agent shall for all purposes hereunder be considered Pledged Collateral.

     7.   PLEDGOR'S RIGHTS. As long as no Default or Event of Default shall
have occurred and be continuing and until written notice shall be given to
Pledgor in accordance with SECTION 8(a) hereof:

          a.   Pledgor shall have the right, from time to time, to vote and give
consents with respect to the Pledged Collateral, or any part thereof; PROVIDED,
HOWEVER, that no vote shall be cast, and no consent shall be given or action
taken, which would have the effect of impairing the position or interest of
Agent in respect of the Pledged Collateral or which would authorize, effect or
consent to (unless and to the extent expressly permitted by the Credit
Agreement):

               (i)    the dissolution or liquidation, in whole or in part, of a
                      Pledged Entity;

               (ii)   the consolidation or merger of a Pledged Entity with any
                      other Person;

                                       4
<Page>

               (iii)  the sale, disposition or encumbrance of all or
                      substantially all of the assets of a Pledged Entity,
                      except for Liens in favor of Agent;

               (iv)   the issuance of any additional shares of its Stock to any
                      Person other than Pledgor (and if to Pledgor, only so long
                      as such additional shares are upon issuance promptly
                      pledged to Agent); or

               (v)    the alteration of the voting rights with respect to the
                      Stock of a Pledged Entity; and

          b.   (i)    Pledgor shall be entitled, from time to time, to collect
and receive for its own use all cash dividends and interest paid in respect of
the Pledged Shares and Pledged Indebtedness to the extent not in violation of
the Credit Agreement OTHER THAN any and all: (A) dividends and other
distributions paid or payable in cash in respect of any Pledged Shares in
connection with a partial or total liquidation or dissolution or in connection
with a reduction of capital, capital surplus or paid-in capital of a Pledged
Entity; and (B) cash paid, payable or otherwise distributed, in respect of
principal of, or in redemption of, or in exchange for, any Pledged Collateral;
PROVIDED, HOWEVER, that until actually paid all rights to such distributions
shall remain subject to the Lien created by this Agreement; and

               (ii)   All dividends and other payments (other than such cash
dividends and interest as are permitted to be paid to Pledgor in accordance with
CLAUSE (i) above) and all other distributions in respect of any of the Pledged
Shares or Pledged Indebtedness, whenever paid or made, shall be delivered to
Agent to hold as Pledged Collateral and shall, if received by Pledgor, be
received in trust for the benefit of Agent, be segregated from the other
property or funds of Pledgor, and be forthwith delivered to Agent as Pledged
Collateral in the same form as so received (with any necessary indorsement).

     8.   Defaults and Remedies; Proxy.

          a.   Upon the occurrence of an Event of Default and during the
continuation of such Event of Default, and concurrently with written notice to
Pledgor, Agent (personally or through an agent) is hereby authorized and
empowered to transfer and register in its name or in the name of its nominee the
whole or any part of the Pledged Collateral, to exchange certificates or
instruments representing or evidencing Pledged Collateral for certificates or
instruments of smaller or larger denominations, to exercise the voting and all
other rights as a holder with respect thereto, to collect and receive all cash
dividends, interest, principal and other distributions made thereon, to sell in
one or more sales after ten (10) days' notice of the time and place of any
public sale or of the time at which a private sale is to take place (which
notice Pledgor agrees is commercially reasonable) the whole or any part of the
Pledged Collateral and to otherwise act with respect to the Pledged Collateral
as though Agent was the outright owner thereof. Any sale shall be made at public
or private sale at Agent's place of business, or at any place to be named in the
notice of sale, either for cash or upon credit or for future delivery at such
price as Agent may deem fair, and Agent may be the purchaser of the whole or any
part of the Pledged Collateral so sold and hold the same thereafter in its own
right free from any claim of Pledgor or any right of redemption. Each sale shall
be made to the highest bidder, but Agent reserves the right to reject any and
all bids at such sale which, in its discretion, it shall deem

                                       5
<Page>

inadequate. Demands of performance, except as otherwise herein specifically
provided for, notices of sale, advertisements and the presence of property at
sale are hereby waived and any sale hereunder may be conducted by an auctioneer
or any officer or agent of Agent. PLEDGOR HEREBY IRREVOCABLY CONSTITUTES AND
APPOINTS AGENT AS THE PROXY AND ATTORNEY-IN-FACT OF PLEDGOR WITH RESPECT TO THE
PLEDGED COLLATERAL, INCLUDING THE RIGHT TO VOTE THE PLEDGED SHARES, WITH FULL
POWER OF SUBSTITUTION TO DO SO. THE APPOINTMENT OF AGENT AS PROXY AND
ATTORNEY-IN-FACT IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE
TERMINATION DATE. IN ADDITION TO THE RIGHT TO VOTE THE PLEDGED SHARES, THE
APPOINTMENT OF AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL INCLUDE THE RIGHT TO
EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF
THE PLEDGED SHARES WOULD BE ENTITLED (INCLUDING GIVING OR WITHHOLDING WRITTEN
CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND VOTING AT
SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE
NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF ANY PLEDGED SHARES ON THE
RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF THE
PLEDGED SHARES OR ANY OFFICER OR AGENT THEREOF), UPON THE OCCURRENCE OF AN EVENT
OF DEFAULT. NOTWITHSTANDING THE FOREGOING, AGENT SHALL NOT HAVE ANY DUTY TO
EXERCISE ANY SUCH RIGHT OR TO PRESERVE THE SAME AND SHALL NOT BE LIABLE FOR ANY
FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO.

          b.   If, at the original time or times appointed for the sale of the
whole or any part of the Pledged Collateral, the highest bid, if there be but
one sale, shall be inadequate to discharge in full all the Secured Obligations,
or if the Pledged Collateral be offered for sale in lots, if at any of such
sales, the highest bid for the lot offered for sale would indicate to Agent, in
its discretion, that the proceeds of the sales of the whole of the Pledged
Collateral would be unlikely to be sufficient to discharge all the Secured
Obligations, Agent may, on one or more occasions and in its discretion, postpone
any of said sales by public announcement at the time of sale or the time of
previous postponement of sale, and no other notice of such postponement or
postponements of sale need be given, any other notice being hereby waived;
PROVIDED, HOWEVER, that any sale or sales made after such postponement shall be
after ten (10) days' notice to Pledgor.

          c.   If, at any time when Agent shall determine to exercise its right
to sell the whole or any part of the Pledged Collateral hereunder, such Pledged
Collateral or the part thereof to be sold shall not, for any reason whatsoever,
be effectively registered under [the Securities Act of 1933, as amended (or any
similar statute then in effect) (the "Act"), Agent may, in its discretion
(subject only to applicable requirements of law), sell such Pledged Collateral
or part thereof by private sale in such manner and under such circumstances as
Agent may deem necessary or advisable, but subject to the other requirements of
this SECTION 8, and shall not be required to effect such registration or to
cause the same to be effected. Without limiting the generality of the foregoing,
in any such event, Agent in its discretion (x) may, in accordance with
applicable securities laws, proceed to make such private sale notwithstanding
that a registration statement for the purpose of registering such Pledged
Collateral or part thereof could be or shall

                                       6
<Page>

have been filed under said Act (or similar statute), (y) may approach and
negotiate with a single possible purchaser to effect such sale, and (z) may
restrict such sale to a purchaser who is an accredited investor under the Act
and who will represent and agree that such purchaser is purchasing for its own
account, for investment and not with a view to the distribution or sale of such
Pledged Collateral or any part thereof. In addition to a private sale as
provided above in this SECTION 8, if any of the Pledged Collateral shall not be
freely distributable to the public without registration under the Act (or
similar statute) at the time of any proposed sale pursuant to this SECTION 8,
then Agent shall not be required to effect such registration or cause the same
to be effected but, in its discretion (subject only to applicable requirements
of law), may require that any sale hereunder (including a sale at auction) be
conducted subject to restrictions:

               (i)    as to the financial sophistication and ability of any
                      Person permitted to bid or purchase at any such sale;

               (ii)   as to the content of legends to be placed upon any
                      certificates representing the Pledged Collateral sold in
                      such sale, including restrictions on future transfer
                      thereof;

               (iii)  as to the representations required to be made by each
                      Person bidding or purchasing at such sale relating to that
                      Person's access to financial information about Pledgor and
                      such Person's intentions as to the holding of the Pledged
                      Collateral so sold for investment for its own account and
                      not with a view to the distribution thereof; and

               (iv)   as to such other matters as Agent may, in its discretion,
                      deem necessary or appropriate in order that such sale
                      (notwithstanding any failure so to register) may be
                      effected in compliance with the Bankruptcy Code and other
                      laws affecting the enforcement of creditors' rights and
                      the Act and all applicable state securities laws.

          d.   Pledgor recognizes that Agent may be unable to effect a public
sale of any or all the Pledged Collateral and may be compelled to resort to one
or more private sales thereof in accordance with CLAUSE (c) above. Pledgor also
acknowledges that any such private sale may result in prices and other terms
less favorable to the seller than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private sale shall not
be deemed to have been made in a commercially unreasonable manner solely by
virtue of such sale being private. Agent shall be under no obligation to delay a
sale of any of the Pledged Collateral for the period of time necessary to permit
the Pledged Entity to register such securities for public sale under the Act, or
under applicable state securities laws, even if Pledgor and the Pledged Entity
would agree to do so.

          e.   Pledgor agrees to the maximum extent permitted by applicable law
that following the occurrence and during the continuance of an Event of Default
it will not at any time plead, claim or take the benefit of any appraisal,
valuation, stay, extension, moratorium or redemption law now or hereafter in
force in order to prevent or delay the enforcement of this Agreement, or the
absolute sale of the whole or any part of the Pledged Collateral or the

                                        7
<Page>

possession thereof by any purchaser at any sale hereunder, and Pledgor waives
the benefit of all such laws to the extent it lawfully may do so. Pledgor agrees
that it will not interfere with any right, power and remedy of Agent provided
for in this Agreement or now or hereafter existing at law or in equity or by
statute or otherwise, or the exercise or beginning of the exercise by Agent of
any one or more of such rights, powers or remedies. No failure or delay on the
part of Agent to exercise any such right, power or remedy and no notice or
demand which may be given to or made upon Pledgor by Agent with respect to any
such remedies shall operate as a waiver thereof, or limit or impair Agent's
right to take any action or to exercise any power or remedy hereunder, without
notice or demand, or prejudice its rights as against Pledgor in any respect.

          f.   Pledgor further agrees that a breach of any of the covenants
contained in this SECTION 8 will cause irreparable injury to Agent, that Agent
shall have no adequate remedy at law in respect of such breach and, as a
consequence, agrees that each and every covenant contained in this SECTION 8
shall be specifically enforceable against Pledgor, and Pledgor hereby waives and
agrees not to assert any defenses against an action for specific performance of
such covenants except for a defense that the Secured Obligations are not then
due and payable in accordance with the agreements and instruments governing and
evidencing such obligations.

     9.   WAIVER. No delay on Agent's part in exercising any power of sale,
Lien, option or other right hereunder, and no notice or demand which may be
given to or made upon Pledgor by Agent with respect to any power of sale, Lien,
option or other right hereunder, shall constitute a waiver thereof, or limit or
impair Agent's right to take any action or to exercise any power of sale, Lien,
option, or any other right hereunder, without notice or demand, or prejudice
Agent's rights as against Pledgor in any respect.

     10.  ASSIGNMENT. Agent may assign, indorse or transfer any instrument
evidencing all or any part of the Secured Obligations as provided in, and in
accordance with, the Credit Agreement, and the holder of such instrument shall
be entitled to the benefits of this Agreement.

     11.  TERMINATION. Immediately following the Termination Date, Agent shall
deliver to Pledgor the Pledged Collateral pledged by Pledgor at the time subject
to this Agreement and all instruments of assignment executed in connection
therewith, free and clear of the Liens hereof and, except as otherwise provided
herein or therein, all of Pledgor's Obligations hereunder or under the other
Loan Documents shall at such time terminate.

     12.  LIEN ABSOLUTE. All rights of Agent hereunder, and all Obligations of
Pledgor hereunder, shall be absolute and unconditional irrespective of:

          a.   any lack of validity or enforceability of the Credit Agreement,
any other Loan Document or any other agreement or instrument governing or
evidencing any Secured Obligations;

          b.   any change in the time, manner or place of payment of, or in any
other term of, all or any part of the Secured Obligations, or any other
amendment or waiver of or any consent to any departure from the Credit
Agreement, any other Loan Document or any other agreement or instrument
governing or evidencing any Secured Obligations;

                                        8
<Page>

          c.   any exchange, release or non-perfection of any other Collateral,
or any release or amendment or waiver of or consent to departure from any
guaranty, for all or any of the Secured Obligations;

          d.   the insolvency of any Credit Party; or

          e.   any other circumstance which might otherwise constitute a defense
available to, or a discharge of, Pledgor.

     13.  RELEASE. Pledgor consents and agrees that Agent may at any time, or
from time to time, in its discretion:

          a.   renew, extend or change the time of payment, and/or the manner,
place or terms of payment of all or any part of the Secured Obligations; and

          b.   exchange, release and/or surrender all or any of the Collateral
(including the Pledged Collateral), or any part thereof, by whomsoever
deposited, which is now or may hereafter be held by Agent in connection with all
or any of the Secured Obligations; all in such manner and upon such terms as
Agent may deem proper, and without notice to or further assent from Pledgor, it
being hereby agreed that Pledgor shall be and remain bound upon this Agreement,
irrespective of the value or condition of any of the Collateral, and
notwithstanding any such change, exchange, settlement, compromise, surrender,
release, renewal or extension, and notwithstanding also that the Secured
Obligations may, at any time, exceed the aggregate principal amount thereof set
forth in the Credit Agreement, or any other agreement governing any Secured
Obligations. Pledgor hereby waives notice of acceptance of this Agreement, and
also presentment, demand, protest and notice of dishonor of any and all of the
Secured Obligations, and promptness in commencing suit against any party hereto
or liable hereon, and in giving any notice to or of making any claim or demand
hereunder upon Pledgor. No act or omission of any kind on Agent's part shall in
any event affect or impair this Agreement.

     14.  REINSTATEMENT. This Agreement shall remain in full force and effect
and continue to be effective should any petition be filed by or against Pledgor
or any Pledged Entity for liquidation or reorganization, should Pledgor or any
Pledged Entity become insolvent or make an assignment for the benefit of
creditors or should a receiver or trustee be appointed for all or any
significant part of Pledgor's or a Pledged Entity's assets, and shall continue
to be effective or be reinstated, as the case may be, if at any time payment and
performance of the Secured Obligations, or any part thereof, is, pursuant to
applicable law, rescinded or reduced in amount, or must otherwise be restored or
returned by any obligee of the Secured Obligations, whether as a "voidable
preference", "fraudulent conveyance", or otherwise, all as though such payment
or performance had not been made. In the event that any payment, or any part
thereof, is rescinded, reduced, restored or returned, the Secured Obligations
shall be reinstated and deemed reduced only by such amount paid and not so
rescinded, reduced, restored or returned.

     15.  Miscellaneous.

          a.   Agent may execute any of its duties hereunder by or through
agents or employees and shall be entitled to advice of counsel concerning all
matters pertaining to its duties hereunder.

                                        9
<Page>

          b.  Pledgor agrees to promptly reimburse Agent for actual out-of-
pocket expenses, including, without limitation, reasonable counsel fees,
incurred by Agent in connection with the administration and enforcement of this
Agreement.

          c.   Neither Agent, nor any of its respective officers, directors,
employees, agents or counsel shall be liable for any action lawfully taken or
omitted to be taken by it or them hereunder or in connection herewith, except
for its or their own gross negligence or willful misconduct as finally
determined by a court of competent jurisdiction.

          d.   THIS AGREEMENT SHALL BE BINDING UPON PLEDGOR AND ITS SUCCESSORS
AND ASSIGNS (INCLUDING A DEBTOR-IN-POSSESSION ON BEHALF OF PLEDGOR), AND SHALL
INURE TO THE BENEFIT OF, AND BE ENFORCEABLE BY, AGENT AND ITS SUCCESSORS AND
ASSIGNS, AND SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND
PERFORMED IN THAT STATE, AND NONE OF THE TERMS OR PROVISIONS OF THIS AGREEMENT
MAY BE WAIVED, ALTERED, MODIFIED OR AMENDED EXCEPT IN WRITING DULY SIGNED FOR
AND ON BEHALF OF AGENT AND PLEDGOR.

     16.  SEVERABILITY. If for any reason any provision or provisions hereof are
determined to be invalid and contrary to any existing or future law, such
invalidity shall not impair the operation of or effect those portions of this
Agreement which are valid.

     17.  NOTICES. Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other
communication shall or may be given to or served upon any of the parties by any
other party, or whenever any of the parties desires to give or serve upon any
other a communication with respect to this Agreement, each such notice, demand,
request, consent, approval, declaration or other communication shall be in
writing and either shall be delivered in person or sent by registered or
certified mail, return receipt requested, with proper postage prepaid, or by
facsimile transmission and confirmed by delivery of a copy by personal delivery
or United States mail as otherwise provided herein:

          a.   If to Agent, at:

               General Electric Capital Corporation
               100 California Street, 10th Floor
               San Francisco, CA  94111
               Attention:    John Goodwin and Neel Morey
               Facsimile:    (415) 277-7443

               With copies to:

               Latham & Watkins
               5800 Sears Tower
               Chicago, Illinois 60606
               Attention: David Crumbaugh
               Fax No.: 312-993-9767

                                       10
<Page>

               and

               General Electric Capital Corporation
               500 W. Monroe Street, 16th Floor
               Chicago, IL  60661
               Attention:    Andrew Packer
               Facsimile:    (312) 441-6876

               If to Pledgor, at:

               Roller Bearing Company of America, Inc.
               60 Round Hill Road
               Fairfield, Connecticut 06430
               Attention:  Chief Executive Officer
               Fax No.: 203-256-0775

               With copies to:

               McDermott, Will & Emery
               50 Rockefeller Plaza
               New York, New York 10020
               Attention:  C. David Goldman, Esq.
               Fax No.: 212-547-5444

or at such other address as may be substituted by notice given as herein
provided. The giving of any notice required hereunder may be waived in writing
by the party entitled to receive such notice. Every notice, demand, request,
consent, approval, declaration or other communication hereunder shall be deemed
to have been duly served, given or delivered (a) upon the earlier of actual
receipt and three (3) Business Days after deposit in the United States Mail,
registered or certified mail, return receipt requested, with proper postage
prepaid, (b) upon transmission, when sent by telecopy or other similar facsimile
transmission (with such telecopy or facsimile promptly confirmed by delivery of
a copy by personal delivery or United States Mail as otherwise provided in this
SECTION 17, (c) one (1) Business Day after deposit with a reputable overnight
courier with all charges prepaid, or (d) when delivered, if hand-delivered by
messenger. Failure or delay in delivering copies of any notice, demand, request,
consent, approval, declaration or other communication to the persons designated
above to receive copies shall in no way adversely affect the effectiveness of
such notice, demand, request, consent, approval, declaration or other
communication.

     18.  SECTION TITLES. The Section titles contained in this Agreement are and
shall be without substantive meaning or content of any kind whatsoever and are
not a part of the Agreement between the parties hereto.

     19.  COUNTERPARTS. This Agreement may be executed in any number of
counterparts, which shall, collectively and separately, constitute one
agreement.

                                       11
<Page>

     20.  BENEFIT OF LENDERS. All Security Interests granted or contemplated
hereby shall be for the benefit of Agent and Lenders, and all proceeds or
payments realized from the Pledged Collateral in accordance herewith shall be
applied to the Obligations in accordance with the terms of the Credit Agreement.

                            [signature page follows]

                                       12
<Page>

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed as of the date first written above.

                                         ROLLER BEARING COMPANY OF AMERICA, INC.

                                         By: /s/ Anthony S. Cavalieri
                                            ------------------------------
                                         Name: Anthony S. Cavalieri
                                              ----------------------------
                                         Title: Chief Financial Officer
                                               ---------------------------

                                         GENERAL ELECTRIC CAPITAL CORPORATION

                                         By: /s/ John Goodwin
                                            ------------------------------
                                         Name: John Goodwin
                                              ----------------------------
                                         Its Duly Authorized Signatory

                                       13
<Page>

                                   SCHEDULE I

                                     PART A

                                 PLEDGED SHARES

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
Pledged Entity                         Class             Stock Certificate          Number                  Percentage of
                                       of Stock          Number(s)                  of Shares               Outstanding Shares
------------------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>               <C>                        <C>                     <C>
RBC Oklahoma, Inc.                                                                                                 100%
------------------------------------------------------------------------------------------------------------------------------------
RBC Nice Bearings, Inc.                                                                                            100%
------------------------------------------------------------------------------------------------------------------------------------
RBC Linear Precision Products, Inc.                                                                                100%
------------------------------------------------------------------------------------------------------------------------------------
Bremen Bearings, Inc.                                                                                              100%
------------------------------------------------------------------------------------------------------------------------------------
Industrial Tectonics Bearings                                                                                      100%
Corporation
------------------------------------------------------------------------------------------------------------------------------------
Miller Bearing Company, Inc.                                                                                       100%
------------------------------------------------------------------------------------------------------------------------------------
Tyson Bearing Company, Inc.                                                                                        100%
------------------------------------------------------------------------------------------------------------------------------------
RBC Schaublin Holding SA                                                                                    [100%] [66%]
------------------------------------------------------------------------------------------------------------------------------------
RBC Mexico, S.DE R.L. DE C.V.                                                                               [100%] [66%]
------------------------------------------------------------------------------------------------------------------------------------
</Table>

                                     PART B

                              PLEDGED INDEBTEDNESS

                                       14
<Page>

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------------
Pledged Entity                           Initial                       Issue Date              Maturity Date        Interest Rate
                                         Principal Amount
------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>                           <C>                     <C>                  <C>
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
-
</Table>

                                       15

<Page>

                                   SCHEDULE II

                                PLEDGE AMENDMENT

          This Pledge Amendment, dated ________________, ___ is delivered
pursuant to SECTION 6(d) of the Pledge Agreement referred to below. All defined
terms herein shall have the meanings ascribed thereto or incorporated by
reference in the Pledge Agreement. The undersigned hereby certifies that the
representations and warranties in SECTION 5 of the Pledge Agreement are and
continue to be true and correct, both as to the promissory notes, instruments
and shares pledged prior to this Pledge Amendment and as to the promissory
notes, instruments and shares pledged pursuant to this Pledge Amendment. The
undersigned further agrees that this Pledge Amendment may be attached to that
certain Pledge Agreement, dated May __, 2002, between undersigned, as Pledgor,
and General Electric Capital Corporation, as Agent for Lenders, (the "Pledge
Agreement") and that the Pledged Shares and Pledged Indebtedness listed on this
Pledge Amendment shall be and become a part of the Pledged Collateral referred
to in said Pledge Agreement and shall secure all Secured Obligations referred to
in said Pledge Agreement. The undersigned acknowledges that any promissory
notes, instruments or shares not included in the Pledged Collateral at the
discretion of Agent may not otherwise be pledged by Pledgor to any other Person
or otherwise used as security for any obligations other than the Secured
Obligations.

                                         ROLLER BEARING COMPANY OF AMERICA, INC.

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

<Table>
<Caption>
-------------------------------------------------------------------------------------------------------------------------------
Name and                                                              Class            Certificate          Number
Address of Pledgor                           Pledged Entity           of Stock         Number(s)            of Shares
-------------------------------------------------------------------------------------------------------------------------------
<S>                                          <C>                      <C>              <C>                  <C>
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
</Table>

<Table>
<Caption>
-------------------------------------------------------------------------------------------------------------------------------
Pledged Entity                       Initial
                                     Principal Amount             Issue Date              Maturity Date        Interest Rate
-------------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>                          <C>                     <C>                  <C>
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
</Table>

                                       16

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