Document:

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                                                                   EXHIBIT 10.58

                   UNCONDITIONAL UNLIMITED CONTINUING GUARANTY

         FOR VALUE RECEIVED and in consideration of credit given or to be given,
and of other financial accommodations afforded or to be afforded to BEASLEY FOOD
SERVICE, INC. (hereinafter referred to as "Borrower"), pursuant to that certain
Credit Agreement of even date and other credit and collateral documents
(hereinafter collectively referred to as "Loan Documents") executed or to be
executed by and between the Borrower and OLD NATIONAL BANK (hereinafter referred
to as "Bank"), the receipt and sufficiency of which consideration are hereby
acknowledged, and as an inducement to the Bank to extend such financial
accommodations to the Borrower, SYNDICATED FOOD SERVICE INTERNATIONAL, INC.
(hereinafter referred to as "Guarantor"), hereby guaranties the full payment,
when due, whether by acceleration or otherwise, of any and all indebtedness
which now exists or may hereafter accrue or arise in any manner from or on
behalf of the Borrower to the Bank and the performance of any and all
obligations and liabilities of the Borrower, or any of them, to the Bank from
whatever source or origin and whenever arising, whether direct, indirect or
contingent, whether on open account, evidenced by an instrument or otherwise,
including without limitation all renewals, extensions and future advances,
together with interest at the rate provided in the note, notes, or other
documents evidencing such indebtedness, together with all costs, expenses and
attorneys' fees (the above-described obligations and the liabilities in addition
to any other liabilities or obligations of the Borrower and Guarantor to Bank
which may arise in any manner are hereinafter referred to as "Liabilities"), all
without relief from valuation and appraisement laws.

         If the Borrower fails to pay or perform all or any part of the
Liabilities when due, then immediately upon demand by Bank, the Guarantor will
pay the amount due and perform the obligations of the Borrower in connection
therewith as if such amount and obligations constituted the direct and primary
debts and obligations of the Guarantor. The Bank shall not be required to make
any demand upon or pursue or exhaust any of its rights or remedies against the
Borrower or others, including without limitation other guarantors, with respect
to the payment or performance of any of the Liabilities or to pursue or exhaust
any of its rights or remedies with respect to any collateral held by the Bank.

         This Guaranty shall be and remain a continuing, unlimited
unconditional, and absolute guaranty. This Guaranty shall remain fully
enforceable irrespective of any defenses which the Borrower may assert on the
underlying Liabilities, including but not limited to failure of consideration,
breach of warranty, statute of frauds, statute of limitations, accord and
satisfaction and usury.

         This Guaranty shall continue in force with respect to the Guarantor
until the Bank receives written notice of the Guarantor's election not to
guaranty any new Liabilities arising after receipt of such notice. Any such
notice shall not in any way affect or limit either (i) the promise of the
Guarantor giving such notice to pay all Liabilities existing at the time such
notice is received by the Bank or (ii) the promises, obligations and
undertakings of the remaining guarantors, if any, with respect to any
Liabilities, including, "without limitation, those arising after the date of
such notice. Regardless of when a renewal or extension of pre-termination
Liabilities occurs (with or without adjustment of interest rate or other terms),
the Liabilities shall be deemed to have been incurred prior to the termination
to the extent of the renewal or extension and to be fully covered and included
within this Guaranty.

         The Guarantor waives (a) notice to the Guarantor or the Borrower or
other guarantors of (i) acceptance of this Guaranty by the Bank, (ii) the
Borrower incurring additional Liabilities, and (iii) the amount of the
Liabilities at any time outstanding; (b) presentment for payment, demand,
protest, notice to the Guarantor, the other guarantors or the Borrower of
dishonor, nonpayment, default and non-performance with respect to any of the
Liabilities; (c) the right to require proration among the Guarantor and other
guarantors; (d) any and all rights to require the Bank to marshall assets of the
Borrower or any

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other guarantor or other party providing any security for the Liabilities; (e)
any defense which the Borrower or other guarantors may have against the Bank
other than payment; (f) all defenses given to sureties or guarantors at law or
in equity other than payment; and (g) all errors and omissions in connection
with the Bank's administration of the Liabilities, except actions or inactions
which amount to fraud, bad faith or willful and wanton misconduct. All remedies
or actions by the Bank for payment or fulfillment of the Liabilities are
cumulative and the pursuit of one shall not preclude the exercise of any other
rights or remedies.

         The Guarantor hereby grants to the Bank full power, in its uncontrolled
discretion and without notice to the Guarantor, the other guarantors, or the
Borrower, to deal in any manner with the Liabilities including, without
limitation, the following powers: (a) to modify or otherwise change any terms of
the Liabilities, or the rate of interest thereon, or to grant any extension or
renewal thereof, and any other indulgence with respect thereto, and to effect
any release, compromise, or settlement with respect thereto; (b) to forbear from
enforcing payment or any term of the Liabilities; or (c) to release any other
guarantor or surety of the Liabilities. The obligations of the Guarantor
hereunder shall not be released, discharged, or in any way affected, nor shall
the Guarantor have any rights or recourse against the Bank by reason of any
action the Bank may take, omit to take, or delay in taking under the foregoing
powers. The obligations of Guarantor under this Guaranty shall be the joint and
several obligations of Guarantor and any other guarantors (now existing or
hereafter arising) of the obligations of the Borrower to the Bank.

         Without limiting the foregoing waivers by the Guarantor of right to
notice, and without obligating the Bank to follow the following procedure if
demand is made after the occurrence of an Event of Default (as defined in the
Loan Documents), the Bank may at any time demand payment from the Guarantor by
mailing to the Guarantor written demand therefor addressed to any address of the
Guarantor in the Bank's records, and in the manner provided for in the, Loan
Documents, and the Guarantor agrees that the sending of such written demand as
herein provided shall be a sufficient demand for payment hereunder.

         Whenever possible, each provision of this Guaranty shall be interpreted
in such a manner as to be effective and valid under applicable law, but if such
provision 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 remaining provisions of this or
any related agreement or instrument.

         Notwithstanding any other terms or conditions set forth in this
Guaranty until the Liabilities are unconditionally paid in full or otherwise
satisfied, the Guarantor waives the right to assert any claim or other right
which it might now have or hereafter acquire against the Borrower or any other
person that is primarily or contingently liable on the Liabilities that arise
from the existence or performance of the Guarantor's obligations under this
Guaranty, including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution, indemnification, any right to
participate in any claim or remedy of the Bank against the Borrower or any
collateral security therefore which the Bank now has or hereafter acquires;
whether or not such claim, remedy or right arises in equity, or under contract,
statute or common law.

         The Guarantor represents to and for the benefit of the Bank, upon which
the Bank is entitled to rely and the Guarantor acknowledges that the Bank is
relying, that (i) the Guarantor is a corporation duly organized and existing
under the laws of the State of Florida, (ii) the execution, delivery and
performance hereof will not violate any law or any material contract, agreement
or understanding which is binding on the Guarantor, (iii) this Guaranty is the
valid and binding obligation of the Guarantor, enforceable in accordance with
its terms, and (iv) the financial statements of Guarantor provided to the Bank
are true,

                                       -2-

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accurate and complete, have been prepared on a consistent basis, and fairly
present the financial position of the Guarantor as of the date thereof.
Guarantor and Bank acknowledge that this Guaranty is made and give in connection
with the Loan Documents and documents under another loan agreement between Bank
and an affiliate of Guarantor.

         The Guarantor agrees to provide annual current financial statements on
or before March 31 of each year while the Liabilities are outstanding and such
delivery shall constitute confirmation of the representations, warranties and
agreements contained herein as of the date of each delivery. The Guarantor
acknowledges that (i) it is capable of and responsible for obtaining information
on and keeping informed as to all aspects of the Borrower's business, including
without limitation its financial affairs and business prospects, and the status
of the Liabilities from time to time and (ii) the Bank has no responsibility to
so inform the Guarantor.

         The Guarantor acknowledges that separate guaranties may be given in
connection with the Liabilities and this Guaranty shall not be modified,
amended, limited (other than in accordance with the terms hereof), or
extinguished if one or more of the terms of the other guaranty agreements differ
from those of this Guaranty or are subsequently amended, modified, limited, or
extinguished. The execution of this Guaranty shall not affect the validity or
enforceability of any existing guaranties, which guaranties shall remain in full
force and effect. All obligations hereunder shall continue, notwithstanding the
incapacity or lack of authority of the other guarantors, and any failure by the
Bank to file, pursue or enforce a claim against any of the other guarantors, or
any waiver, release, consent or other accommodation given or provided to any of
the other guarantors, shall not operate to release the Guarantor or other
guarantors from liability hereunder, or limit the rights of the Bank against the
Guarantor or any other guarantor. The failure of any other person to sign this
Guaranty or any other guaranty shall not release or affect the liability of the
signer hereof. The Loan Documents have been submitted to the Guarantor for
examination, and the Guarantor acknowledges that, by execution of this Guaranty,
it has approved the Loan Documents.

         This writing is intended by the parties hereto as a final expression of
this Guaranty and is also intended as a complete and exclusive statement of the
terms of that agreement. No course of dealing, course of performance or trade
usage, and no parol evidence of any nature, shall be used to supplement or
modify any terms hereof.

         The Guarantor further agrees that, to the extent that the Borrower
makes a payment or payments to the Bank, or the Bank receives any proceeds of
collateral, which payment or payments or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside or otherwise
is required to be repaid to the Borrower, its estate, trustee, receiver or any
other party, including, without limitation, under any bankruptcy law, state or
federal law, common law or equitable cause, then to the extent of such payment
or repayment, the Liabilities or part thereof which has been paid, reduced or
satisfied by such amount shall be reinstated and continued in full force and
effect as of the date such initial payment, reduction or satisfaction occurred.
The Guarantor shall defend and indemnify the Bank from any claim or loss under
this paragraph including the Bank's attorney's and paralegal's fees and expenses
and other expenses in the defense of any such action or suit.

         The Guarantor agrees that the Guarantor's responsibility under this
Guaranty to pay to the Bank the Liabilities and any payments thereof repaid as
preferences shall not be extinguished or modified by any release of the Borrower
or other party primarily liable on the Liabilities, whether by voluntary
release, settlement of a bankruptcy proceeding, settlement of the contested
matter in a bankruptcy, settlement of litigation, settlement of a claim not yet
resulting in litigation, settlement of a preference

                                       -3-
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claim or otherwise. In all events the responsibility of the Guarantor to pay the
Bank and the Bank's right to recover from the Guarantor the full amount of the
Liabilities shall extend until Bank has received actual payment in full in cash
of and performance of all of the Liabilities, without regard to any modification
or a release thereof, and shall continue until such payment, by the passage of
time and the Statute of Limitations, cannot be recovered by the Borrower, the
Borrower as debtor in possession, a trustee in bankruptcy of the Borrower or any
other person or organization.

         This Guaranty shall extend to and bind the successors and assigns of
the Guarantor. This Guaranty shall inure to the benefit of all affiliates,
transferees, assignees and/or endorsees of the Bank of any part or parts or all
of the Liabilities and of the Bank's successors and assigns.

         THE VALIDITY OF THIS GUARANTY, ITS CONSTRUCTION, INTERPRETATION AND
ENFORCEMENT AND THE RIGHTS OF THE PARTIES HERETO SHALL BE DETERMINED UNDER,
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF
INDIANA, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. GUARANTOR AGREES THAT
ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS GUARANTY SHALL BE
TRIED AND LITIGATED ONLY IN THE STATE COURTS LOCATED IN THE COUNTY OF MONROE,
STATE OF INDIANA, OR THE FEDERAL COURTS WHOSE VENUE INCLUDES THE COUNTY OF
MONROE, STATE OF INDIANA. GUARANTOR WAIVES, TO THE EXTENT PERMITTED UNDER
APPLICABLE LAW, THE RIGHT TO A TRIAL BY JURY AND ANY RIGHT GUARANTOR MAY HAVE TO
ASSERT THE DOCTRINE OF "FORUM NON CONVENIENS" OR TO OBJECT TO VENUE TO THE
EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS PARAGRAPH.

         IN WITNESS WHEREOF, the undersigned, as the authorized officer of the
Guarantor, has executed this Unconditional Unlimited Continuing Guaranty
effective as of this 27th day of February, 2003.

                                       SYNDICATED FOOD SERVICE
                                       INTERNATIONAL, INC.
                                       ("Guarantor")

                                       By: /s/ Thomas P. Tanis, Jr.
                                           -------------------------------------
                                           Thomas P. Tanis, Jr., Chief Executive
                                           Officer

                                       ACCEPTED:

                                       OLD NATIONAL BANK
                                       ("Bank")

                                       By: /s/ Jovita S. VanDerSnick
                                           -------------------------------------
                                           Jovita S. VanDerSnick, Vice President

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                                                                   EXHIBIT 10.59

                               SECURITY AGREEMENT

         SECURITY AGREEMENT, dated as of February 27, 2003, between BEASLEY FOOD
SERVICE, INC., a Delaware corporation (the "Company"), and OLD NATIONAL BANK, a
national banking association (the "Lender").

         WHEREAS, the Company has entered into a Credit Agreement dated as of
even date (as amended and in effect from time to time, the "Credit Agreement"),
with the Lender, pursuant to which the Lender, subject to the terms and
conditions contained therein, is to make loans or otherwise to extend credit to
the Company; and

         WHEREAS, it is a condition precedent to the Lender's making any loans
or otherwise extending credit to the Company under the Credit Agreement that the
Company execute and deliver to the Lender a security agreement in substantially
the form hereof, and

         WHEREAS, the Company wishes to grant security interests in favor of the
Lender as herein provided;

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

         1.       DEFINITIONS. All capitalized terms used herein without
definitions shall have the respective meanings provided therefor in the Credit
Agreement. The term "State", as used herein, means the State of Indiana. All
terms defined in the Uniform Commercial Code of the State and used herein shall
have the same definitions herein as specified therein. However, if a term is
defined in Article 9 of the Uniform Commercial Code of the State differently
than in another Article of the Uniform Commercial Code of the State, the term
has the meaning specified in Article 9.1 The term "Obligations", as used herein,
means all of the indebtedness, obligations and liabilities of the Company to the
Lender, individually or collectively, whether direct or indirect, joint or
several, absolute or contingent, due or to become due, now existing or hereafter
arising under or in respect of the Credit Agreement, any promissory notes,
guaranties or other instruments or agreements executed and delivered pursuant
thereto or in connection therewith or this Agreement, and the term "Event of
Default", as used herein, means the failure of the Company to pay or perform any
of the Obligations as and when due to be paid or performed under the terms of
the Credit Agreement.

         2.       GRANT OF SECURITY INTEREST. The Company hereby grants to the
Lender, to secure the payment and performance in full of all of the Obligations,
a security interest in and so pledges and assigns to the Lender the following
properties, assets and rights of the Company, wherever located, whether now
owned or hereafter acquired or arising, and all proceeds and products thereof
(all of the same being hereinafter called the "Collateral"): all personal and
fixture property of every kind and nature including without limitation all goods
(including inventory, equipment and any accessions thereto), instruments
(including promissory notes), documents, accounts (including health-care
insurance receivables), chattel paper (whether tangible or electronic), deposit
accounts, letter-of-credit rights (whether or not the letter of credit is
evidenced by a writing), commercial tort claims, securities and all other
investment property, supporting obligations, any other contract rights or rights
to the payment of money, insurance claims and proceeds, tort claims, and all
general intangibles including, without limitation, all payment intangibles,
patents, patent applications, trademarks, trademark applications, trade names,
copyrights, copyright

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applications, software, engineering drawings, service marks, customer lists,
goodwill, and all licenses, permits, agreements of any kind or nature pursuant
to which the Company possesses, uses or has authority to possess or use property
(whether tangible or intangible) of others or others possess, use or have
authority to possess or use property (whether tangible or intangible) of the
Company, and all recorded data of any kind or nature, regardless of the medium
of recording including, without limitation, all software, writings, plans,
specifications and schematics. The Lender acknowledges that the attachment of
its security interest in any commercial tort claim as original collateral's
subject to the Company's compliance with Section 4.7 hereof.

         3.       AUTHORIZATION TO FILE FINANCING STATEMENTS. The Company hereby
irrevocably authorizes the Lender at any time and from time to time to file in
any Uniform Commercial Code jurisdiction any initial financing statements and
amendments thereto that (a) indicate the Collateral (i) as all assets of the
Company or words of similar effect, regardless of whether any particular asset
comprised in the Collateral falls within the scope of Article 9 of the Uniform
Commercial Code of the State 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 Uniform Commercial Code of the State for
the sufficiency or filing office acceptance of any financing statement or
amendment, including (i) whether the Company is an organization, the type of
organization and any organization identification number issued to the Company
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. The
Company agrees to furnish any such information to the Lender promptly upon
request. The Company also ratifies its authorization for the Lender to have
filed in any Uniform Commercial Code Jurisdiction any like initial financing
statements or amendments thereto if filed prior to the date hereof.

         4.       OTHER ACTIONS. Further to insure the attachment, perfection
and first priority of, and the ability of the Lender to enforce, the Lender's
security interest in the Collateral, the Company agrees, in each case at the
Company's own expense, to take the following actions with respect to the
following Collateral:

                  4.1.     PROMISSORY NOTES AND TANGIBLE CHATTEL PAPER. If the
                           Company shall at any time hold or acquire any
                           promissory notes or tangible chattel paper, the
                           Company shall forthwith endorse, assign and deliver
                           the same to the Lender, accompanied by such
                           instruments of transfer or assignment duly executed
                           in blank as the Lender may from time to time specify.

                  4.2.     DEPOSIT ACCOUNTS. For each deposit account that the
                           Company at any time opens or maintains, the Company
                           shall, at the Lender's request and option, pursuant
                           to an agreement in form and substance satisfactory to
                           the Lender, either (a) cause the depositary bank to
                           agree to comply at any time with instructions from
                           the Lender to such depositary bank time directing the
                           disposition of funds from time to time credited to
                           such deposit account, without further consent of the
                           Company, or (b) arrange for the Lender to become the
                           customer of the depositary bank with respect to the
                           deposit account, with the Company being permitted,
                           only with the consent of the Lender, to exercise
                           rights to withdraw funds from such deposit account.
                           The Lender agrees with the Company that the Lender
                           shall not give any such instructions or withhold any
                           withdrawal rights from the Company, unless an Event
                           of Default has occurred and is continuing, or, after
                           giving effect to any withdrawal not otherwise
                           permitted by the Loan Documents,

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                           would occur. The provisions of this paragraph shall
                           not apply to (i) any deposit account for which the
                           Company, the depositary bank and the Lender have
                           entered into a cash collateral agreement specially
                           negotiated among the Company, the depositary bank and
                           the Lender for the specific purpose set forth
                           therein, (ii) deposit accounts for which the Lender
                           is the depositary and (iii) deposit accounts
                           specially and exclusively used for payroll, payroll
                           taxes and other employee wage and benefit payments to
                           or for the benefit of the Company's salaried
                           employees.

                  4.3.     INVESTMENT PROPERTY. If the Company shall at any time
                           hold or acquire any certificated securities, the
                           Company shall forthwith endorse, assign and deliver
                           the same to the Lender, accompanied by such
                           instruments of transfer or assignment duly executed
                           in blank as the Lender may from time to time specify.
                           If any securities now or hereafter acquired by the
                           Company are uncertificated and are issued to the
                           Company or its nominee directly by the issuer
                           thereof, the Company shall immediately notify the
                           Lender thereof and, at the Lender's request and
                           option, pursuant to an agreement in form and
                           substance satisfactory to the Lender, either (a)
                           cause the issuer to agree to comply with instructions
                           from the Lender as to such securities, without
                           further consent of the Company or such nominee, or
                           (b) arrange for the Lender to become the registered
                           owner of the securities. If any securities, whether
                           certificated or uncertificated, or other investment
                           property now or hereafter acquired by the Company are
                           held by the Company or its nominee through a
                           securities intermediary or commodity intermediary,
                           the Company shall immediately notify the Lender
                           thereof and, at the Lender's request and option,
                           pursuant to an agreement in form and substance
                           satisfactory to the Lender, either (1) cause such
                           securities intermediary or (as the case may be)
                           commodity intermediary to agree to comply with
                           entitlement orders or other instructions from the
                           Lender to such securities intermediary as to such
                           securities or other investment property, or (as the
                           case may be) to apply any value distributed on
                           account of any commodity contract as directed by the
                           Lender to such commodity intermediary, in each case
                           without further consent of the Company or such
                           nominee, or (ii) in the case of financial assets or
                           other investment property held through a securities
                           intermediary, arrange for the Lender to become the
                           entitlement holder with respect to such investment
                           property, with the Company being permitted, only with
                           the consent of the Lender, to exercise rights to
                           withdraw or otherwise deal with such investment
                           property. The Lender agrees with the Company that the
                           Lender shall not give any such entitlement orders or
                           instructions or directions to any such issuer,
                           securities intermediary or commodity intermediary,
                           and shall not withhold its consent to the exercise of
                           any withdrawal or dealing rights by the Company,
                           unless an Event of Default has occurred and is
                           continuing, or, after giving effect to any such
                           investment and withdrawal rights not otherwise
                           permitted by the Loan Documents, would occur. The
                           provisions of this paragraph shall not apply to any
                           financial assets credited to a securities account for
                           which the Lender is the securities intermediary.

                  4.4.     COLLATERAL IN THE POSSESSION OF A BAILEE. If any
                           goods are at any time in the possession of a bailee,
                           the Company shall promptly notify the Lender thereof
                           and, if requested by the Lender, shall promptly
                           obtain an acknowledgment from

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                           the bailee, in form and substance satisfactory to the
                           Lender, that the bailee holds such Collateral for the
                           benefit of the Lender and shall act upon the
                           instructions of the Lender, without the further
                           consent of the Company. The Lender agrees with the
                           Company that the Lender shall not give any such
                           instructions unless an Event of Default has occurred
                           and is continuing or would occur after taking into
                           account any action by the Company with respect to the
                           bailee.

                  4.5.     ELECTRONIC CHATTEL PAPER AND TRANSFERABLE RECORDS. If
                           the Company at any time holds or acquires an interest
                           in any electronic chattel paper or any "transferable
                           record," as that term is defined in Section 201 of
                           the federal Electronic Signatures in Global and
                           National Commerce Act, or in Section 16 of the
                           Uniform Electronic Transactions Act as in effect in
                           any relevant jurisdiction, the Company shall promptly
                           notify the Lender thereof and, at the request of the
                           Lender, shall take such action as the Lender may
                           reasonably request to vest in the Lender control,
                           under Section 9-105 of the Uniform Commercial Code,
                           of such electronic chattel paper or control under
                           Section 201 of the federal Electronic Signatures in
                           Global and National Commerce Act or, as the case may
                           be, Section 16 of the Uniform Electronic Transactions
                           Act, as so in effect in such Jurisdiction, of such
                           transferable record. The Lender agrees with the
                           Company that the Lender will arrange, pursuant to
                           procedures satisfactory to the Lender and so long as
                           such procedures will not result in the Lender's loss
                           of control, for the Company to make alterations to
                           the electronic chattel paper or transferable record
                           permitted under UCC Section 9-105 or, as the case may
                           be, Section 201 of the federal Electronic Signatures
                           in Global and National Commerce Act or Section 16 of
                           the Uniform Electronic Transactions Act for a party
                           in control to make without loss of control, unless an
                           Event of Default has occurred and is continuing or
                           would occur after taking into account any action by
                           the Company with respect to such electronic chattel
                           paper or transferable record.

                  4.6.     LETTER-OF-CREDIT RIGHTS. If the Company is at any
                           time a beneficiary under a letter of credit now or
                           hereafter issued in favor of the Company, the Company
                           shall promptly notify the Lender thereof and, at the
                           request and option of the Lender, the Company shall,
                           pursuant to an agreement in form and substance
                           satisfactory to the Lender, either (i) arrange for
                           the issuer and any confirmer of such letter of credit
                           to consent to an assignment to the Lender of the
                           proceeds of any drawing under the letter of credit or
                           (ii) arrange for the Lender to become the transferee
                           beneficiary of the letter of credit, with the Lender
                           agreeing, in each case, that the proceeds of any
                           drawing under the letter to credit are to be applied
                           as provided in the Credit Agreement.

                  4.7.     COMMERCIAL TORT CLAIMS. If the Company shall at any
                           time hold or acquire a commercial tort claim, the
                           Company shall immediately notify the Lender in a
                           writing signed by the Company of the brief details
                           thereof and grant to the Lender in such writing a
                           security interest therein and in the proceeds
                           thereof, all upon the terms of this Agreement, with
                           such writing to be in form and substance satisfactory
                           to the Lender.

                  4.8.     OTHER ACTIONS AS TO ANY AND AIL COLLATERAL. The
                           Company further agrees to take any other action
                           reasonably requested by the Lender to insure the
                           attachment,

                                       4
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                           perfection and first priority of, and the ability of
                           the Lender to enforce, the Lender's security interest
                           in any and all of the Collateral including, without
                           limitation, (a) executing, delivering and, where
                           appropriate, filing financing statements and
                           amendments relating thereto under the Uniform
                           Commercial Code, to the extent, if any, that the
                           Company's signature thereon is required therefor, (b)
                           causing the Lender's name to be noted as secured
                           party on any certificate of title for a titled good
                           if such notation is a condition to attachment,
                           perfection or priority of, or ability of the Lender
                           to enforce, the Lender's security interest in such
                           Collateral, (c) complying with any provision of any
                           statute, regulation or treaty of the United States as
                           to any Collateral if compliance with such provision
                           is a condition to attachment, perfection or priority
                           of, or ability of the Lender to enforce, the Lender's
                           security interest in such Collateral, (d) obtaining
                           governmental and other third party consents and
                           approvals, including without limitation any consent
                           of any licensor, lessor or other person obligated on
                           Collateral, (e) obtaining waivers from mortgagees and
                           landlords in form and substance satisfactory to the
                           Lender and (f) taking all actions required by any
                           earlier versions of the Uniform Commercial Code or by
                           other law, as applicable in any relevant Uniform
                           Commercial Code jurisdiction, or by other law as
                           applicable in any foreign jurisdiction.

         5.       RELATION TO OTHER SECURITY DOCUMENTS. The provisions of this
Agreement supplement the provisions of any real estate mortgage or deed of trust
granted by the Company to the Lender and securing the payment or performance of
any of the Obligations. Nothing contained in any such real estate mortgage or
deed of trust shall derogate from any of the rights or remedies of the Lender
hereunder. In addition, the provisions of this Agreement shall he read and
construed with the other Security Documents indicated below in the manner so
indicated.

         6.       REPRESENTATIONS AND WARRANTIES CONCERNING COMPANY'S LEGAL
STATUS. The Company has previously delivered to the Lender a certificate signed
by the Company and entitled "Perfection Certificate" (the "Perfection
Certificate") in substantially the form attached hereto as APPENDIX I. The
Company represents and warrants to the Lender as follows: (a) the Company's
exact legal name is that indicated on the Perfection Certificate and on the
signature page hereof, (b) the Company is an organization of the type and
organized in the jurisdiction set forth in the Perfection Certificate, (c) the
Perfection Certificate accurately sets forth the Company's organizational
identification number or accurately states that the Company has none, (d) the
Perfection Certificate accurately sets forth the Company's place of business or,
if more than one, its chief executive office as well as the Company's mailing
address if different and (e) all other information set forth on the Perfection
Certificate pertaining to the Company is accurate and complete.

         7.       COVENANTS CONCERNING COMPANY'S LEGAL STATUS. The Company
covenants with the Lender as follows: (a) without providing at least 30 days
prior written notice to the Lender, the Company will not change its name, its
place of business or, if more than one, chief executive office, or its mailing
address or organizational identification number if it has one, (b) if the
Company does not have an organizational identification number and later obtains
one, the Company shall forthwith notify the Lender of such organizational
identification number, and (c) the Company will not change its type of
organization, jurisdiction of organization or other legal structure.

         8.       REPRESENTATIONS AND WARRANTIES CONCERNING COLLATERAL, ETC. The
Company further represents and warrants to the Lender as follows: (a) the
Company is the owner of or has other rights in or

                                       5
<PAGE>

power to transfer the Collateral, free from any adverse lien, security interest
or other encumbrance, except for the security interest created by this Agreement
and other liens permitted by the Credit Agreement, (b) none of the Collateral
constitutes, or is the proceeds of, "farm products" as defined in Section
9-102(a)(34) of the Uniform Commercial Code of the State, (c) none of the
account debtors or other persons obligated on any of the Collateral is a
governmental authority subject to the Federal Assignment of Claims Act or like
federal, state or local statute or rule in respect of such Collateral, (d) the
Company holds no commercial tort claim except as indicated on the Perfection
Certificate, and (e) the Company has at all times operated its business in
compliance with all applicable provisions of the federal Fair Labor Standards
Act, as amended, and with all applicable provisions of federal, state and local
statutes and ordinances dealing with the control, shipment, storage or disposal
of hazardous materials or substances and (f) all other information set forth on
the Perfection Certificate pertaining to the Collateral is accurate and
complete.

         9.       COVENANTS CONCERNING COLLATERAL, ETC. The Company further
covenants with the Lender as follows: (a) the Collateral, to the extent not
delivered to the Lender pursuant to Section 4 hereof, will be kept at those
locations listed on the Perfection Certificate and the Company will not remove
the Collateral from such locations, without providing at least 30 days prior
written notice to the Lender, (b) except for the security interest herein
granted and liens permitted by the Credit Agreement, the Company shall be the
owner of or have other rights in the Collateral free from any lien, security
interest or other encumbrance, and the Company shall defend the same against all
claims and demands of all persons at any time claiming the same or any interests
therein adverse to the Lender, (c) the Company shall not pledge, mortgage or
create, or suffer to exist a security interest in the Collateral in favor of any
person other than the Lender except for liens permitted by the Credit Agreement,
(d) the Company will keep the Collateral in good order and repair and will not
use the same in violation of law or any policy of insurance thereon, (e) as
provided in the Credit Agreement, the Company will permit the Lender, or its
designee, to inspect the Collateral at any reasonable time, wherever located,
(f) the Company will pay promptly when due all taxes, assessments, governmental
charges and levies upon the Collateral or incurred in connection with the use or
operation of such Collateral or incurred in connection with this Agreement, (g)
the Company will continue to operate, its business in compliance with all
applicable provisions of the federal Fair Labor Standards Act, as amended, and
with all applicable provisions of federal, state and local statutes and
ordinances dealing with the control, shipment, storage or disposal of hazardous
materials or substances, and (h) the Company will not sell or otherwise dispose,
or offer to sell or otherwise dispose, of the Collateral or any interest therein
except for (i) sales of inventory in the ordinary course of business and (ii) so
long as no Event of Default has occurred and is continuing, sales or other
dispositions of obsolescent items of equipment in the ordinary course of
business consistent with past practices.

         10.      INSURANCE.

                  10.1.    MAINTENANCE OF INSURANCE. The Company will maintain
                           with financially sound and reputable insurers
                           insurance with respect to its properties and business
                           against such casualties and contingencies as shall be
                           in accordance with general practices of businesses
                           engaged in similar activities in similar geographic
                           areas. Such insurance shall be in such minimum
                           amounts that the Company will not be deemed a
                           coinsurer under applicable insurance laws,
                           regulations and policies and otherwise shall be in
                           such amounts, contain such terms, be in such forms
                           and be for such periods as may be reasonably
                           satisfactory to the Lender. In addition, all such
                           insurance shall be payable to the Lender as loss
                           payee. Without limiting the foregoing, the Company
                           will (i) keep all of its physical property insured
                           with casualty or physical hazard insurance on an "all
                           risks" basis, with broad form

                                       6
<PAGE>

                           flood and earthquake coverages and electronic data
                           processing coverage, with a full replacement cost
                           endorsement and an "agreed amount" clause in an
                           amount equal to 100% of the full replacement cost of
                           such property, (ii) maintain all such workers'
                           compensation or similar insurance as may be required
                           by law and (iii) maintain, in amounts and with
                           deductibles equal to those generally maintained by
                           businesses engaged in similar activities in similar
                           geographic areas, general public liability insurance
                           against claims of bodily injury, death or property
                           damage occurring, on, in or about the properties of
                           the Company; business interruption insurance; and
                           product liability insurance.

                  10.2.    INSURANCE PROCEEDS. The proceeds of any casualty
                           insurance in respect of any casualty loss of any of
                           the Collateral shall, subject to the rights, if any,
                           of other parties with a prior interest in the
                           property covered thereby, (i) so long as no Default
                           or Event of Default has occurred and is continuing
                           and to the extent that the amount of such proceeds is
                           less than $10,000.00, be disbursed to the Company for
                           direct application by the Company solely to the
                           repair or replacement of the Company's property so
                           damaged or destroyed and (ii) in all other
                           circumstances, be held by the Lender as cash
                           collateral for the Obligations. The Lender may, at
                           its sole option, disburse from time to time all or
                           any part of such proceeds so held as cash collateral,
                           upon such terms and conditions as the Lender may
                           reasonably prescribe, for direct application by the
                           Company solely to the repair or replacement of the
                           Company's property so damaged or destroyed, or the
                           Lender may apply all or any part of such proceeds to
                           the Obligations.

                  10.3.    NOTICE OF CANCELLATION, ETC. All policies of
                           insurance shall provide for at least thirty (30) days
                           prior written cancellation notice to the Lender. In
                           the event of failure by the Company to provide and
                           maintain insurance as herein provided, the Lender
                           may, at its option, provide such insurance and charge
                           the amount thereof to the Company. The Company shall
                           furnish the Lender with certificates of insurance and
                           policies evidencing compliance with the foregoing
                           insurance provision.

         11.      COLLATERAL PROTECTION EXPENSES: PRESERVATION OF COLLATERAL.

                  11.1.    EXPENSES INCURRED BY LENDER. In its discretion, the
                           Lender may discharge taxes and other encumbrances at
                           any time levied or placed on any of the Collateral,
                           make repairs thereto and pay any necessary filing
                           fees or, if the debtor fails to do so, insurance
                           premiums. The Company agrees to reimburse the Lender
                           on demand for any and all expenditures so made. The
                           Lender shall have no obligation to the Company to
                           make any such expenditures, nor shall the making
                           thereof relieve the Company of any default.

                  11.2.    LENDER'S OBLIGATIONS AND DUTIES. Anything herein to
                           the contrary notwithstanding, the Company shall
                           remain liable under each contract or agreement
                           comprised in the Collateral to be observed or
                           performed by the Company thereunder. The Lender shall
                           not have any obligation or liability under any such
                           contract or agreement by reason of or arising out of
                           this Agreement or the receipt by the Lender of any
                           payment relating to any of the Collateral, nor shall
                           the Lender be obligated in any manner to perform any
                           of the obligations of

                                       7
<PAGE>

                           the Company under or pursuant to any such contract or
                           agreement, to make inquiry as to the nature or
                           sufficiency of any payment received by the Lender in
                           respect of the Collateral or as to the sufficiency of
                           any performance by any party under any such contract
                           or agreement, to present or file any claim, to take
                           any action to enforce any performance or to collect
                           the payment of any amounts which may have been
                           assigned to the Lender or to which the Lender may be
                           entitled at any time or times. The Lender's sole duty
                           with respect to the custody, safe keeping and
                           physical preservation of the Collateral in its
                           possession, under Section 9.1-207 of the Uniform
                           Commercial Code of the State or otherwise, shall be
                           to deal with such Collateral in the same manner as
                           the Lender deals with similar property for its own
                           account.

         12.      SECURITIES AND DEPOSITS. The Lender may at any time following
and during the continuance of a Default and Event of Default, at its option,
transfer to itself or any nominee any securities constituting Collateral,
receive any income thereon and hold such income as additional Collateral or
apply to the Obligations. Whether or not any Obligations are due, the Lender
may, following and during the continuance of a Default and Event of Default
demand, sue for, collect, or make any settlement or compromise which it deems
desirable with respect to the Collateral. Regardless of the adequacy of
Collateral or any other security for the Obligations, any deposits or other sums
at any time credited by or due from the Lender to the Company may at any time be
applied to or set off against any of the Obligations then due and owing.

         13.      NOTIFICATION TO ACCOUNT DEBTORS AND OTHER PERSONS OBLIGATED ON
COLLATERAL. If an Event of Default shall have occurred and be continuing, the
Company shall, at the request of the Lender, notify account debtors and other
persons obligated on any of the Collateral of the security interest of the
Lender in any account, chattel paper, general intangible, instrument or other
Collateral and that payment thereof is to be made directly to the Lender or to
any financial institution designated by the Lender as the Lender's agent
therefor, and the Lender may itself, if a Default or an Event of Default shall
have occurred and be continuing, without notice to or demand upon the Company,
so notify account debtors and other persons obligated on Collateral. After the
making of such a request or the giving of any such notification, the Company
shall hold any proceeds of collection of accounts, chattel paper, general
intangibles, instruments and other Collateral received by the Company as trustee
for the Lender without commingling the same with other funds of the Company and
shall turn the same over to the Lender in the identical form received, together
with any necessary endorsements or assignments. The Lender shall apply the
proceeds of collection of accounts, chattel paper, general intangibles,
instruments and other Collateral received by the Lender to the Obligations, such
proceeds to be immediately entered after final payment in cash or other
immediately available funds of the items giving rise to them.

         14.      POWER OF ATTORNEY.

                  14.1.    APPOINTMENT AND POWERS OF LENDER. The Company hereby
                           irrevocably constitutes and appoints the Lender and
                           any officer or agent thereof, with full power of
                           substitution, as its true and lawful
                           attorneys-in-fact with full irrevocable power and
                           authority in the place and stead of the Company or in
                           the Lender's own name, for the purpose of carrying
                           out the terms of this Agreement, to take any and all
                           appropriate action and to execute any and all
                           documents and instruments that may be necessary or
                           desirable to accomplish the purposes of this
                           Agreement and, without limiting the generality of the
                           foregoing, hereby gives

                                       8
<PAGE>

                           said attorneys the power and right, on behalf of the
                           Company, without notice to or assent by the Company,
                           to do the following:

                           (a)      upon the occurrence and during the
                                    continuance of an Event of Default,
                                    generally to sell, transfer, pledge, make
                                    any agreement with respect to or otherwise
                                    deal with any of the Collateral in such
                                    manner as is consistent with the Uniform
                                    Commercial Code of the State and as fully
                                    and completely as though the Lender were the
                                    absolute owner thereof for all purposes, and
                                    to do at the Company's expense, at any time,
                                    or from time to time, all acts and things
                                    which the Lender deems necessary to protect,
                                    preserve or realize upon the Collateral and
                                    the Lender's security interest therein, in
                                    order to effect the intent of this
                                    Agreement, all as folly and effectively as
                                    the Company might do, including, without
                                    limitation, (i) the filing and prosecuting
                                    of registration and transfer applications
                                    with the appropriate federal or local
                                    agencies or authorities with respect to
                                    trademarks, copyrights and patentable
                                    inventions and processes, (ii) upon written
                                    notice to the Company, the exercise of
                                    voting rights with respect to voting
                                    securities, which rights may be exercised,
                                    if the Lender so elects, with a view to
                                    causing the liquidation in a commercially
                                    reasonable manner of assets of the issuer of
                                    any such securities and (iii) the execution,
                                    delivery and recording, in connection with
                                    any sale or other disposition of any
                                    Collateral, of the endorsements, assignments
                                    or other instruments of conveyance or
                                    transfer with respect to such Collateral;
                                    and

                           (b)      to the extent that the Company's
                                    authorization given in Section 3 above is
                                    not sufficient, to file such financing
                                    statements with respect hereto, with or
                                    without the Company's signature, or a
                                    photocopy of this Agreement in substitution
                                    for a financing statement, as the Lender may
                                    deem appropriate and to execute in the
                                    Company's name such financing statements and
                                    amendments thereto and continuation
                                    statements which may require the Company's
                                    signature.

                  14.2.    RATIFICATION BY COMPANY. To the extent permitted by
                           law, the Company hereby ratifies all that said
                           attorneys shall lawfully do or cause to be done by
                           virtue hereof. This power of attorney is a power
                           coupled with an interest and shall be irrevocable.

                  14.3.    No DUTY ON LENDER. The powers conferred on the Lender
                           hereunder are solely to protect its interests in the
                           Collateral and shall not impose any duty upon it to
                           exercise any such powers. The Lender shall be
                           accountable only for the amounts that it actually
                           receives as a result of the exercise of such powers
                           and neither it nor any of its officers, directors,
                           employees or agents shall be responsible to the
                           Company for any act or failure to act, except for the
                           Lender's own gross negligence or willful misconduct.

         15.      REMEDIES. If an Event of Default shall have occurred and be
continuing, the Lender may, without notice to or demand upon the Company,
declare this Agreement to be in default, and the Lender shall thereafter have in
any jurisdiction in which enforcement hereof is sought, in addition to all

                                       9
<PAGE>

other rights and remedies, the rights and remedies of a secured party under the
Uniform Commercial Code of the State or of any jurisdiction in which Collateral
is located, including, without limitation, the right to take possession of the
Collateral, and for that purpose the Lender may, so far as the Company can give
authority therefor, enter upon any premises on which the Collateral may be
situated and remove the same therefrom. The Lender may in its discretion require
the Company to assemble all or any part of the Collateral at such location or
locations within the jurisdictions of the Company's principal office(s) or at
such other locations as the Lender may reasonably designate. Unless the
Collateral is perishable or threatens to decline speedily in value or is of a
type customarily sold on a recognized market, the Lender shall give to the
Company at least five Business Days prior written notice of the time and place
of any public sale of Collateral or of the time after which any private sale or
any other intended disposition is to be made. The Company hereby acknowledges
that five Business Days prior written notice of such sale or sales shall be
reasonable notice. In addition, the Company waives any and all rights that it
may have to a judicial hearing in advance of the enforcement of any of the
Lender's rights hereunder, including, without limitation, its right following an
Event of Default to take immediate possession of the Collateral and to exercise
its rights with respect thereto.

         16.      STANDARDS FOR EXERCISING REMEDIES. To the extent that
applicable law imposes duties on the Lender to exercise remedies in a
commercially reasonable manner, the Company acknowledges and agrees that it is
not commercially unreasonable for the Lender (a) to fall to incur expenses
reasonably deemed significant by the Lender to prepare Collateral for
disposition or otherwise to complete raw material or work in process into
finished goods or other finished products for disposition, (b) 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, (c) to fall to exercise collection remedies against account debtors
or other persons obligated on Collateral or to remove liens or encumbrances on
or any adverse claims against Collateral, (d) 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, (e) to
advertise dispositions of Collateral through publications or media of general
circulation, whether or not the Collateral is of a specialized nature, (f) to
contact other persons, whether or not in the same business as the Company, for
expressions of interest in acquiring all or any portion of the Collateral, (g)
to hire one or more professional auctioneers to assist in the disposition of
Collateral, whether or not the collateral is of a specialized nature, (h) to
dispose of Collateral by utilizing Internet sites that provide for the auction
of assets of the types included in the Collateral or that have the reasonable
capability of doing so, or that match buyers and sellers of assets, (i) to
dispose of assets in wholesale rather than retail markets, (j) to disclaim
disposition warranties, (k) to purchase insurance or credit enhancements to
insure the Lender against risks of loss, collection or disposition of Collateral
or to provide to the Lender a guaranteed return from the collection or
disposition of Collateral, or (l) to the extent deemed appropriate by the
Lender, to obtain the services of other brokers, investment bankers, consultants
and other professionals to assist the Lender in the collection or disposition of
any of the Collateral. The Company acknowledges that the purpose of this Section
16 is to provide non-exhaustive indications of what actions or omissions by the
Lender would not be commercially unreasonable in the Lender's exercise of
remedies against the Collateral and that other actions or omissions by the
Lender shall not be deemed commercially unreasonable solely on account of not
being indicated in this Section 16. Without limitation upon the foregoing,
nothing contained in this Section 16 shall be construed to grant any rights to
the Company or to impose any duties on the Lender that would not have been
granted or imposed by this Agreement or by applicable law in the absence of this
Section 16.

         17.      NO WAIVER BY LENDER, ETC. The Lender shall not be deemed to
have waived any of its rights upon or under the Obligations or the Collateral
unless such waiver shall be in writing and signed by

                                       10
<PAGE>

the Lender. No delay or omission on the part of the Lender in exercising any
right shall operate as a waiver of such right or any other right: A waiver on
any one occasion shall not be construed as a bar to or waiver of any right on
any future occasion. All rights and remedies of the Lender with respect to the
Obligations or the Collateral, whether evidenced hereby or by any other
instrument or papers, shall be cumulative and may be exercised singularly,
alternatively, successively or concurrently at such time or at such times as the
Lender deems expedient.

         18.      SURETYSHIP WAIVERS BY COMPANY. The Company waives demand,
notice, protest, notice of acceptance of this Agreement, notice of loans made,
credit extended, Collateral received or delivered or other action taken in
reliance hereon and all other demands and notices of any description. With
respect to both the Obligations and the Collateral, the Company assents to any
extension or postponement of the time of payment or any other indulgence, to any
substitution, exchange or release of or failure to perfect any security interest
in any Collateral, to the addition or release of any party or person primarily
or secondarily liable, to the acceptance of partial payment thereon and the
settlement, compromising or adjusting of any thereof, all in such manner and at
such time or times as the Lender may deem advisable. The Lender shall have no
duty as to the collection or protection of the Collateral or any income thereon,
nor as to the preservation of rights against prior parties, nor as to the
preservation of any rights pertaining thereto beyond the safe custody thereof as
set forth in Section 11.2. The Company further waives any and all other
suretyship defenses.

         19.      MARSHALLING. The Lender shall not be required to marshal any
present or future collateral security (including but not limited to this
Agreement and the Collateral) for, or other assurances of payment of, the
Obligations or any of them or to resort to such collateral security or other
assurances of payment in any particular order, and all of its rights hereunder
and in respect of such collateral security and other assurances of payment shall
be cumulative and in addition to all other rights, however existing or arising.
To the extent that it lawfully may, the Company hereby agrees that it will not
invoke any law relating to the marshalling of collateral which might cause delay
in or impede the enforcement of the Lender's rights under this Agreement or
under any other instrument creating or evidencing any of the Obligations or
under which any of the Obligations is outstanding or by which any of the
Obligations is secured or payment thereof is otherwise assured, and, to the
extent that it lawfully may, the Company hereby irrevocably waives the benefits
of all such laws.

         20.      PROCEEDS OF DISPOSITIONS; EXPENSES. The Company shall pay to
the Lender on demand any and all expenses, including reasonable attorneys' fees
and disbursements, incurred or paid by the Lender in protecting, preserving or
enforcing the Lender's rights under or in respect of any of the Obligations or
any of the Collateral. After deducting all of said expenses, the residue of any
proceeds of collection or sale of the Obligations or Collateral shall, to the
extent actually received in cash, be applied to the payment of the Obligations
in such order or preference as the Lender may determine, proper allowance and
provision being made for any Obligations not then due. Upon the final payment
and satisfaction in full of all of the Obligations and after making any payments
required by Sections 9- 608(a)(1)(C) or 9615(a)(3) of the Uniform Commercial
Code of the State, any excess shall be returned to the Company, and the Company
shall remain liable for any deficiency in the payment of the Obligations.

         21.      OVERDUE AMOUNTS. Until paid, all amounts due and payable by
the Company hereunder shall be a debt secured by the Collateral and shall bear,
whether before or after judgment, interest at the rate of interest for overdue
principal set forth in the Credit Agreement.

         22.      GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT IS
INTENDED TO TAKE EFFECT AS A SEALED INSTRUMENT AND SHALL BE GOVERNED BY, AND

                                       11
<PAGE>

CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE. The Company agrees that any
suit for the enforcement of this Agreement may be brought in the courts of the
State or any federal court sitting therein and consents to the non-exclusive
Jurisdiction of such court and to service of process in any such suit being made
upon the Company by mail at the address specified in the Credit Agreement. The
Company hereby waives any objection that it may now or hereafter have to the
venue of any such suit or any such court or that such suit is brought in an
inconvenient court.

         23.      WAIVER OF JURY TRIAL. THE COMPANY WAIVES ITS RIGHT TO A JURY
TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN
CONNECTION WITH THIS AGREEMENT, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE
PERFORMANCE OF ANY SUCH RIGHTS OR OBLIGATIONS. Except as prohibited by law, the
Company waives any right which it may have to claim or recover in any litigation
referred to in the preceding sentence any special, exemplary, punitive or
consequential damages or any damages other than, or in addition to, actual
damages. The Company (1) certifies that neither the Lender nor any
representative, agent or attorney of the Lender has represented, expressly or
otherwise, that the Lender would not, in the event of litigation, seek to
enforce the foregoing waivers and (ii) acknowledges that, in entering into the
Credit Agreement and the other Loan Documents to which the Lender is a party,
the Lender is relying upon, among other things, the waivers and certifications
contained in this Section 23.

         24.      MISCELLANEOUS. The headings of each section of this Agreement
are for convenience only and shall not define or limit the provisions thereof.
This Agreement and all rights and obligations hereunder shall be binding upon
the Company and its respective successors and assigns, and shall inure to the
benefit of the Lender and its successors and assigns. If any term of this
Agreement shall be held to be invalid, illegal or unenforceable, the validity of
all other terms hereof shall in no way be affected thereby, and this Agreement
shall be construed and be enforceable as if such invalid, illegal or
unenforceable term had not been included herein. The Company acknowledges
receipt of a copy of this Agreement,

         IN WITNESS WHEREOF, intending to be legally bound, the Company has
caused this Agreement to be duly executed as of the date first above written.

                                           BEASLEY FOOD SERVICE, INC.

                                           By: /s/ Charles A. Beasley
                                               ---------------------------------
                                               Charles A. Beasley, President

Accepted:

OLD NATIONAL BANK

By: /s/ Jovita S. VanDerSnick
   ------------------------------------
   Jovita S. VanDerSnick, Vice President

                                       12
<PAGE>

STATE OF INDIANA               )
                               ) SS:
COUNTY OF MARION               )

         Before me, a Notary Public in and for said County and State, personally
appeared Charles A. Beasley, the President of Beasley Food Service, Inc., a
Delaware corporation, who, having been duly sworn, acknowledged the execution of
the foregoing Security Agreement for and on behalf of such corporation as such
officer and stated that all representations therein contained are true.

         WITNESS my hand and Notarial Seal this 27th day of February, 2003.

                                                       /s/ BRADLEY S. FUSON
                                                       -------------------------
                                                       Notary Public

                                                       _________________________
                                                       Notary Public (Printed)

My Commission Expires:                                 My County of Residence:

                                                       _________________________

           BRADLEY S. FUSON, Notary Public
[SEAL]  My Commission Expires: August 28, 2006
             Residing in Hamilton County

                                       13
<PAGE>

                                   APPENDIX I

                             PERFECTION CERTIFICATE

         The undersigned, the President OF BEASLEY FOOD SERVICE, INC. (the
"Company"), hereby certify, with reference to a certain Security Agreement dated
as of February 27, 2003 (terms defined in such Security Agreement having the
same meanings herein as specified therein), between the Company and OLD NATIONAL
BANK (the "Lender"), to the Lender as follows:

         1.       NAME. The exact legal name of the Company as that name appears
on its Certificate of Incorporation is as follows:

         2.       OTHER IDENTIFYING FACTORS.

                  (a)      The following is the mailing address of the Company:

                           4863 West Vernal Pike
                           Bloomington, Indiana 47404

                  (b)      If different from its mailing address, the Company's
                           place of business or, if more than one, its chief
                           executive office is located at the following address:

                           Address         County                  State

                  (c)      The following is the type of organization of the
                           Company:

                           Corporation

                  (d)      The following is the Jurisdiction of the Company's
                           organization:

                           Delaware

                  (e)      The following is the Company's state issued
                           organizational identification number [state "None"
                           if the state does not issue such a number]:

                                       14
<PAGE>

         3.       OTHER NAMES, ETC.

                  (a)      The following is a list of all other names (including
                           trade names or similar appellations) used by the
                           Company, or any other business or organization to
                           which the Company became the successor by merger,
                           consolidation, acquisition, change in form, nature or
                           jurisdiction of organization or otherwise, now or at
                           any time during the past five years:

                  (b)      Attached hereto as Schedule 3 is the information
                           required in Section 2 for any other business or
                           organization to which the Company became the
                           successor by merger, consolidation, acquisition,
                           change in form, nature or Jurisdiction of
                           organization or otherwise, now or at any time during
                           the past five years:

         4.       OTHER CURRENT LOCATIONS.

                  (a)      The following are all other locations in the United
                           States of America in which the Company maintains any
                           books or records relating to any of the Collateral
                           consisting of accounts, instruments, chattel paper,
                           general intangibles or mobile goods:

                           Address         County               State

                  (b)      The following are all other places of business of the
                           Company in the United States of America:

                           Address         County               State

                                       15
<PAGE>

                  (c)      The following are all other locations in the United
                           States of America where any of the Collateral
                           consisting of inventory or equipment is located:

                           Address         County               State

                  (d)      The following are the names and addresses of all
                           persons or entities other than the Company, such as
                           lessees, consignees, warehousemen or purchasers of
                           chattel paper, which have possession or are intended
                           to have possession of any of the Collateral
                           consisting of instruments, chattel paper, inventory
                           or equipment:

                           Name         Mailing Address    County      State

         5.       PRIOR LOCATIONS.

                  (a)      Set forth below is the information required by
                           Sections 4(a) or (b) with respect to each location or
                           place of business previously maintained by the
                           Company at any time during the past five years in a
                           state in which the Company has previously maintained
                           a location or place of business at any time during
                           the past four months:

                           Address         County               State

                  (b)      Set forth below is the information required by
                           Section 4(c) or (d) with respect to each other
                           location at which, or other person or entity with
                           which, any of the Collateral consisting of inventory
                           or equipment has been previously held at any time
                           during the past twelve months:

                           Name        Address            County      State

                                       16
<PAGE>

         6.       FIXTURES. Attached hereto as Schedule 6 is the information
required by UCC Section 9.1-502(b) or former UCC Section 9.1-402(5) of each
state in which any of the Collateral consisting of fixtures are or are to be
located and the name and address of each real estate recording office where a
mortgage on the real estate on which such fixtures are or are to be located
would be recorded.

         IN WITNESS WHEREOF, the undersigned has hereunto signed this
Certificate on February 27, 2003.

                                           _____________________________________
                                           Charles A. Beasley, President

                                       17
<PAGE>

                                   SCHEDULE 3

                                   TRADENAMES

                                       18
<PAGE>

                                   SCHEDULE 6

                         REAL ESTATE LEGAL DESCRIPTIONS

                                       19

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