Document:

<PAGE>

                                   ==========

                        SYBRON DENTAL SPECIALTIES, INC.,
                                    AS ISSUER

                           THE GUARANTORS PARTY HERETO

                                       AND

                            WILMINGTON TRUST COMPANY
                                   AS TRUSTEE

                                   ----------

                                    INDENTURE

                            DATED AS OF JUNE 6, 2002

                                   ----------

                    8 1/8% SENIOR SUBORDINATED NOTES DUE 2012

                                   ==========

<PAGE>

                              CROSS-REFERENCE TABLE

<Table>
<Caption>

Trust Indenture Act Section                       Indenture Section
---------------------------                       -----------------
<S>                                               <C>
310(a)(1)..................................              7.10

(a)(2).....................................              7.10

(a)(3).....................................              N.A.

(a)(4).....................................              N.A.

(a)(5).....................................              N.A.

(b)........................................           7.03, 7.08

(c)........................................              N.A.

311(a).....................................              7.03

(b)........................................              7.03

(c)........................................              N.A.

312(a).....................................             12.02

(b)........................................             12.02

(c)........................................             12.02

313(a).....................................              7.06

(b)........................................              N.A.

(c)........................................           7.05, 7.06

(d)........................................              7.06

314(a).....................................           4.20, 4.21

(b)........................................              N.A.

(c)(1).....................................             12.04

(c)(2).....................................             12.04

(c)(3).....................................              N.A.

(d)........................................              N.A.

(e)........................................             12.05

(f)........................................              N.A.

315(a).....................................              7.02

(b)........................................              7.02

(c)........................................              7.02

(d)........................................              7.02

(e)........................................              N.A.

316(a).....................................     2.05, 6.02, 6.04, 6.05

(b)........................................           6.06, 6.07

(c)........................................             12.02

317(a)(1)..................................              6.08

(a)(2).....................................              6.09

(b)........................................              2.03

318........................................             12.01
</Table>

N.A. means not applicable

                                       2
<PAGE>

                                    RECITALS

<Table>
<Caption>

                                     ARTICLE 1
                     DEFINITIONS AND INCORPORATION BY REFERENCE

<S>            <C>                                                              <C>
SECTION 1.01.  Definitions.......................................................2
SECTION 1.02.  Rules of Construction............................................27

                                     ARTICLE 2
                                     THE NOTES

SECTION 2.01.  Form, Dating and Denominations; Legends..........................27
SECTION 2.02.  Execution and Authentication; Exchange Notes;
         Additional Notes.......................................................29
SECTION 2.03.  Registrar, Paying Agent and Authenticating Agent; Paying
         Agent to Hold Money in Trust...........................................30
SECTION 2.04.  Replacement Notes................................................30
SECTION 2.05.  Outstanding Notes................................................31
SECTION 2.06.  Temporary Notes..................................................31
SECTION 2.07.  Cancellation.....................................................32
SECTION 2.08.  CUSIP and CINS Numbers...........................................32
SECTION 2.09.  Registration, Transfer and Exchange..............................32
SECTION 2.10.  Restrictions on Transfer and Exchange............................36
SECTION 2.11.  Temporary Offshore Global Notes..................................38

                                     ARTICLE 3
                           REDEMPTION; OFFER TO PURCHASE

SECTION 3.01.  Optional Redemption..............................................39
SECTION 3.02.  Redemption with Proceeds of Equity Offering......................39
SECTION 3.03.  Method and Effect of Redemption..................................39
SECTION 3.04.  Offer to Purchase................................................40

                                     ARTICLE 4
                                     COVENANTS

SECTION 4.01.  Payment of Notes.................................................43
SECTION 4.02.  Maintenance of Office or Agency..................................44
SECTION 4.03.  Existence........................................................44
SECTION 4.04.  Payment of Taxes and Other Claims................................44
SECTION 4.05.  Maintenance of Properties and Insurance..........................45
</Table>

                                       i

<PAGE>

<Table>

<S>            <C>                                                              <C>
SECTION 4.06.  Limitation on Debt and Disqualified or Preferred Stock...........45
SECTION 4.07.  Limitation on Restricted Payments................................48
SECTION 4.08.  Limitation on Liens..............................................51
SECTION 4.09.  Limitation on Sale and Leaseback Transactions....................52
SECTION 4.10.  Limitation on Dividend and Other Payment Restrictions
         Affecting Restricted Subsidiaries......................................52
SECTION 4.11.  Limitation on Sale or Issuance of Equity Interests of
         Restricted Subsidiaries................................................54
SECTION 4.12.  Guarantees by Restricted Subsidiaries............................54
SECTION 4.13.  Repurchase of Notes upon a Change of Control.....................55
SECTION 4.14.  Limitation on Asset Sales........................................55
SECTION 4.15.  Limitation on Accounts Receivable Facilities.....................56
SECTION 4.16.  Limitation on Transactions with Shareholders and Affiliates......56
SECTION 4.17.  Line of Business.................................................57
SECTION 4.18.  Designation of Restricted and Unrestricted Subsidiaries..........57
SECTION 4.19.  Anti-Layering....................................................59
SECTION 4.20.  Financial Reports................................................59
SECTION 4.21.  Reports to Trustee...............................................60

                                     ARTICLE 5
                      CONSOLIDATION, MERGER OR SALE OF ASSETS

SECTION 5.01.  Consolidation, Merger or Sale of Assets by the Company;
         No Lease of All or Substantially All Assets............................61
SECTION 5.02.  Consolidation, Merger or Sale of Assets by a Guarantor...........62

                                     ARTICLE 6
                                DEFAULT AND REMEDIES

SECTION 6.01.  Events of Default................................................63
SECTION 6.02.  Acceleration.....................................................65
SECTION 6.03.  Other Remedies...................................................65
SECTION 6.04.  Waiver of Past Defaults..........................................65
SECTION 6.05.  Control by Majority..............................................66
SECTION 6.06.  Limitation on Suits..............................................66
SECTION 6.07.  Rights of Holders to Receive Payment.............................66
SECTION 6.08.  Collection Suit by Trustee.......................................67
SECTION 6.09.  Trustee May File Proofs of Claim.................................67
SECTION 6.10.  Priorities.......................................................67
SECTION 6.11.  Restoration of Rights and Remedies...............................68
SECTION 6.12.  Undertaking for Costs............................................68
SECTION 6.13.  Rights and Remedies Cumulative...................................68
SECTION 6.14.  Delay or Omission Not Waiver.....................................68
</Table>

                                       ii

<PAGE>

<Table>

<S>            <C>                                                              <C>
SECTION 6.15.  Waiver of Stay, Extension or Usury Laws..........................68

                                     ARTICLE 7
                                    THE TRUSTEE

SECTION 7.01.  General..........................................................69
SECTION 7.02.  Certain Rights of Trustee........................................69
SECTION 7.03.  Individual Rights of Trustee.....................................70
SECTION 7.04.  Trustee's Disclaimer.............................................71
SECTION 7.05.  Notice of Default................................................71
SECTION 7.06.  Reports by Trustee to Holders....................................71
SECTION 7.07.  Compensation and Indemnity.......................................72
SECTION 7.08.  Replacement of Trustee...........................................72
SECTION 7.09.  Successor Trustee by Merger......................................73
SECTION 7.10.  Eligibility......................................................74
SECTION 7.11.  Money Held in Trust..............................................74

                                     ARTICLE 8
                              DEFEASANCE AND DISCHARGE

SECTION 8.01.  Discharge of Company's Obligations...............................74
SECTION 8.02.  Legal Defeasance.................................................75
SECTION 8.03.  Covenant Defeasance..............................................76
SECTION 8.04.  Application of Trust Money.......................................77
SECTION 8.05.  Repayment to Company.............................................77
SECTION 8.06.  Reinstatement....................................................77

                                     ARTICLE 9
                        AMENDMENTS, SUPPLEMENTS AND WAIVERS

SECTION 9.01.  Amendments Without Consent of Holders; Consent of Holders
         of Senior Debt Needed to Amend Subordination Provisions................77
SECTION 9.02.  Amendments With Consent of Holders...............................78
SECTION 9.03.  Effect of Consent................................................80
SECTION 9.04.  Trustee's Rights and Obligations.................................80
SECTION 9.05.  Conformity with Trust Indenture Act..............................80
SECTION 9.06.  Payments for Consents............................................80

                                     ARTICLE 10
                                   SUBORDINATION

SECTION 10.01.  Agreement to Subordinate........................................81
SECTION 10.02.  Liquidation, Dissolution, Bankruptcy............................81
</Table>

                                       iii

<PAGE>

<Table>

<S>            <C>                                                              <C>
SECTION 10.03.  Default on Designated Senior Debt...............................81
SECTION 10.04.  When Distribution Must Be Paid Over.............................82
SECTION 10.05.  Subrogation.....................................................82
SECTION 10.06.  Relative Rights; Subordination Not to Prevent Events of
         Default or Limit Right to Accelerate...................................83
SECTION 10.07.  Subordination May Not Be Impaired by Company....................83
SECTION 10.08.  Rights of Trustee...............................................83
SECTION 10.09.  Distributions and Notices to, and Notices and Consents by,
         Representatives of Holders of Senior Debt..............................83
SECTION 10.10.  Trust Moneys Not Subordinated; Payments in Permitted
         Junior Securities.........                                             83
SECTION 10.11.  Trustee Entitled to Rely........................................84
SECTION 10.12.  Trustee to Effectuate Subordination.............................84
SECTION 10.13.  Trustee Not Fiduciary for Holders of Senior Debt................84
SECTION 10.14.  Reliance by Holders of Senior Debt on Subordination
         Provisions; No Waiver..................................................84

                                     ARTICLE 11
                                     GUARANTEES

SECTION 11.01.  The Guarantees; Subordination...................................85
SECTION 11.02.  Guarantee Unconditional.........................................85
SECTION 11.03.  Discharge; Reinstatement........................................86
SECTION 11.04.  Waiver by the Guarantors........................................86
SECTION 11.05.  Subrogation and Contribution....................................87
SECTION 11.06.  Stay of Acceleration............................................87
SECTION 11.07.  Limitation on Amount of Guarantee...............................87
SECTION 11.08.  Execution and Delivery of Guarantee.............................87
SECTION 11.09.  Release of Guarantee............................................87

                                     ARTICLE 12
                                   MISCELLANEOUS

SECTION 12.01.  Trust Indenture Act of 1939.....................................88
SECTION 12.02.  Noteholder Communications; Noteholder Actions...................88
SECTION 12.03.  Notices.........................................................89
SECTION 12.04.  Certificate and Opinion as to Conditions Precedent..............90
SECTION 12.05.  Statements Required in Certificate or Opinion...................90
SECTION 12.06.  Payment Date Other Than a Business Day..........................91
SECTION 12.07.  Governing Law...................................................91
SECTION 12.08.  No Adverse Interpretation of Other Agreements...................91
SECTION 12.09.  Successors......................................................91
SECTION 12.10.  Duplicate Originals.............................................91
SECTION 12.11.  Separability....................................................91
</Table>

                                       iv

<PAGE>

<Table>

<S>            <C>                                                              <C>
SECTION 12.12.  Table of Contents and Headings..................................91
SECTION 12.13.  No Liability of Directors, Officers, Employees,
         Incorporators, Members and Stockholders................................91
</Table>

                                    EXHIBITS

EXHIBIT A           Form of Note
EXHIBIT B           Form of Supplemental Indenture
EXHIBIT C           Restricted Legend
EXHIBIT D           DTC Legend
EXHIBIT E           Regulation S Certificate
EXHIBIT F           Rule 144A Certificate
EXHIBIT G           Institutional Accredited Investor Certificate
EXHIBIT H           Certificate of Beneficial Ownership
EXHIBIT I           Temporary Offshore Global Note Legend

                                        v

<PAGE>

         INDENTURE, dated as of June 6, 2002, between SYBRON DENTAL SPECIALTIES,
INC., a Delaware corporation, as the Company, the Guarantors party hereto and
WILMINGTON TRUST COMPANY, a Delaware Banking Corporation, as Trustee.

                                    RECITALS

         The Company has duly authorized the execution and delivery of the
Indenture to provide for the issuance of up to $150,000,000 aggregate principal
amount of the Company's 8 1/8% Senior Subordinated Notes Due June 15, 2012, and,
if and when issued, any Additional Notes, together with any Exchange Notes
issued therefor as provided herein (the "NOTES"). All things necessary to make
the Indenture a valid agreement of the Company, in accordance with its terms,
have been done, and the Company has done all things necessary to make the Notes
(in the case of the Additional Notes, when duly authorized), when executed by
the Company and authenticated and delivered by the Trustee and duly issued by
the Company, the valid obligations of the Company as hereinafter provided.

         In addition, the Guarantors party hereto have duly authorized the
execution and delivery of the Indenture as guarantors of the Notes. All things
necessary to make the Indenture a valid agreement of each Guarantor, in
accordance with its terms, have been done, and each Guarantor has done all
things necessary to make the Note Guarantees, when the Notes are executed by the
Company and authenticated and delivered by the Trustee and duly issued by the
Company, the valid obligations of such Guarantor as hereinafter provided.

         This Indenture is subject to, and will be governed by, the provisions
of the Trust Indenture Act that are required to be a part of and govern
indentures qualified under the Trust Indenture Act.

                            THIS INDENTURE WITNESSETH

         For and in consideration of the premises and the purchase of the Notes
by the Holders thereof, the parties hereto covenant and agree, for the equal and
proportionate benefit of all Holders, as follows:

<PAGE>

                                    ARTICLE 1
                   DEFINITIONS AND INCORPORATION BY REFERENCE

         SECTION 1.01. Definitions.

         "ACQUIRED DEBT" means Debt of a Person existing at the time the Person
merges with or into or becomes a Restricted Subsidiary and not Incurred in
connection with, or in contemplation of, the Person merging with or into or
becoming a Restricted Subsidiary.

         "ADDITIONAL INTEREST" means additional interest owed to the Holders
pursuant to a Registration Rights Agreement.

         "ADDITIONAL NOTES" means any notes issued under the Indenture in
addition to the Original Notes, including any Exchange Notes issued in exchange
for such Additional Notes, having the same terms in all respects as the Original
Notes except that interest will accrue on the Additional Notes from the most
recent date to which interest has been paid on the Notes (other than Additional
Notes) or, if no interest has been paid, from the Issue Date.

         "AFFILIATE" means, with respect to any Person, any other Person
directly or indirectly controlling, controlled by, or under direct or indirect
common control with, such Person. For purposes of this definition, "control"
(including, with correlative meanings, the terms "controlling," "controlled by"
and "under common control with") with respect to any Person, means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise.36

         "AGENT" means any Registrar, Paying Agent or Authenticating Agent or
any other co-agent.

         "AGENT MEMBER" means a member of, or a participant in, the Depositary.

         "ASSET SALE" means any sale, lease, transfer or other disposition of
any assets by the Company or any Restricted Subsidiary, including by means of a
merger, consolidation or similar transaction or Sale and Leaseback Transaction
and including any sale or issuance of the Equity Interests of any Restricted
Subsidiary (each of the above referred to as a "disposition"), provided that the
following are not included in the definition of "Asset Sale":

                  (1) a disposition to the Company or a Wholly Owned Restricted
         Subsidiary, including the sale or issuance by the Company or any

                                        2
<PAGE>

         Restricted Subsidiary of any Equity Interests of any Restricted
         Subsidiary to the Company or any Wholly Owned Restricted Subsidiary;

                  (2) the disposition by the Company or any Restricted
         Subsidiary in the ordinary course of business of (i) cash and cash
         management and portfolio investments, (ii) inventory and other assets
         acquired and held for resale in the ordinary course of business, (iii)
         damaged, worn out or obsolete assets, or (iv) rights granted to others
         pursuant to leases or licenses;

                  (3) the sale or discount of accounts receivable arising in the
         ordinary course of business in connection with the compromise or
         collection thereof;

                  (4) a transaction covered by Sections 5.01 and 5.02 (other
         than Section 5.02(a)(iii)(C));

                  (5) a Restricted Payment permitted under Section 4.07 or a
         Permitted Investment;

                  (6) any disposition of accounts receivable to a Securitization
         Subsidiary in connection with a Permitted Receivables Financing; and

                  (7) dispositions of assets with an aggregate fair market value
         of less than $5.0 million in any 12-month period; provided that any
         disposition in a single transaction or series of related transactions
         with an aggregate fair market value of less than $100,000 shall be
         excluded.

         "ATTRIBUTABLE DEBT" means, in respect of a Sale and Leaseback
Transaction, the present value, discounted at the interest rate implicit in the
Sale and Leaseback Transaction, of the total obligations of the lessee for
rental payments during the remaining term of the lease in the Sale and Leaseback
Transaction.

         "AUTHENTICATING AGENT" refers to a Person engaged to authenticate the
Notes in the stead of the Trustee.

         "AVERAGE LIFE" means, with respect to any Debt, the quotient obtained
by dividing (i) the sum of the products of (x) the number of years from the date
of determination to the dates of each successive scheduled principal payment of
such Debt and (y) the amount of such principal payment by (ii) the sum of all
such principal payments.

                                       3
<PAGE>

         "BANKRUPTCY DEFAULT" has the meaning assigned to such term in Section
6.01.

         "BLOCKAGE NOTICE" has the meaning assigned to such term in Section
10.03.

         "BOARD OF DIRECTORS" means the board of directors or comparable
governing body of the Company, or any committee thereof duly authorized to act
on its behalf.

         "BOARD RESOLUTION" means a resolution duly adopted by the Board of
Directors which is certified by the Secretary or an Assistant Secretary of the
Company and remains in full force and effect as of the date of its
certification.

         "BUSINESS DAY" means any day except a Saturday, Sunday or other day on
which commercial banks in New York City or in the city where the Corporate Trust
Office of the Trustee is located are authorized by law to close.

         "CAPITAL LEASE" means, with respect to any Person, any lease of any
property which, in conformity with GAAP, is required to be capitalized on the
balance sheet of such Person.

         "CAPITAL STOCK" means, with respect to any Person, any and all shares
of stock of a corporation, partnership interests or other equivalent interests
(however designated, whether voting or non-voting) in such Person's equity,
entitling the holder to receive a share of the profits and losses, and a
distribution of assets, after liabilities, of such Person.

         "CASH EQUIVALENTS" means

                  (1) United States dollars, or money in other currencies
         received in the ordinary course of business,

                  (2) U.S. Government Obligations with maturities not exceeding
         one year from the date of acquisition,

                  (3) (i) demand deposits, (ii) time deposits and certificates
         of deposit with maturities of one year or less from the date of
         acquisition, (iii) bankers' acceptances with maturities not exceeding
         one year from the date of acquisition, and (iv) overnight bank
         deposits, in each case with any bank or trust company organized or
         licensed under the laws of the United States or any state thereof
         having capital, surplus and undivided profits in excess of $500 million
         whose short-term debt is rated "A-2" or higher by S&P or "P-2" or
         higher by Moody's,

                                       4
<PAGE>

                  (4) repurchase obligations with a term of not more than seven
         days for underlying securities of the type described in clauses (2) and
         (3) above entered into with any financial institution meeting the
         qualifications specified in clause (3) above,

                  (5) commercial paper rated at least P-1 by Moody's or A-1 by
         S&P and maturing within six months after the date of acquisition,

                  (6) money market funds at least 95% of the assets of which
         consist of investments of the type described in clauses (1) through (5)
         above and

                  (7) in case of a Foreign Restricted Subsidiary, substantially
         similar investments, of comparable credit quality, denominated in the
         currency of any jurisdiction in which such Person conducts business.

         "CERTIFICATE OF BENEFICIAL OWNERSHIP" means a certificate substantially
in the form of Exhibit H.

         "CERTIFICATED NOTE" means a Note in registered individual form without
interest coupons.

         "CHANGE OF CONTROL" means:

                  (1) the merger or consolidation of the Company with or into
         another Person or the merger of another Person with or into the
         Company, or the sale of all or substantially all the assets of the
         Company to another Person, unless holders of a majority of the
         aggregate voting power of the Voting Stock of the Company, immediately
         prior to such transaction, hold securities of the surviving or
         transferee corporation that represent, immediately after such
         transaction, at least a majority of the aggregate voting power of the
         Voting Stock of the surviving corporation;

                  (2) any "person" or "group" (as such terms are used for
         purposes of Sections 13(d) and 14(d) of the Exchange Act) is or becomes
         the "beneficial owner" (as such term is used in Rules 13d-3 under the
         Exchange Act), directly or indirectly, of more than 35% of the total
         voting power of the Voting Stock of the Company;

                  (3) individuals who on the Issue Date constituted the board of
         directors of the Company, together with any new directors whose
         election by the board of directors or whose nomination for election by
         the stockholders of the Company was approved by a majority of the
         directors

                                       5
<PAGE>

         then still in office who were either directors or whose election or
         nomination for election was previously so approved, cease for any
         reason to constitute a majority of the board of directors of the
         Company then in office; or

                  (4) the adoption of a plan relating to the liquidation or
         dissolution of the Company.

         "CLEARSTREAM" means Clearstream Banking SA and its successors.

         "CODE" means the Internal Revenue Code of 1986.

         "COMMISSION" means the Securities and Exchange Commission.

         "COMMON STOCK" means Capital Stock not entitled to any preference on
dividends or distributions, upon liquidation or otherwise.

         "COMPANY" means the party named as such in the first paragraph of the
Indenture or any successor obligor under the Indenture and the Notes pursuant to
Section 5.01.

         "CONSOLIDATED NET INCOME" means, for any period, the aggregate net
income (or loss) of the Company and its Restricted Subsidiaries for such period
determined on a consolidated basis in conformity with GAAP, provided that the
following (without duplication) will be excluded in computing Consolidated Net
Income:

                  (1) the net income (but not loss) of any Person that is not a
         Restricted Subsidiary, except to the extent of the lesser of

                           (x) the dividends or other distributions actually
                  paid in cash to the Company or any of its Restricted
                  Subsidiaries (subject to clause (3) below) by such Person
                  during such period, and

                           (y) the Company's pro rata share of such Person's net
                  income earned during such period;

                  (2) any net income (or loss) of any Person acquired in a
         pooling of interests transaction for any period prior to the date of
         such acquisition;

                  (3) the net income (but not loss) of any Restricted Subsidiary
         to the extent that the declaration or payment of dividends or similar
         distributions by such Restricted Subsidiary of such net income would
         not have been permitted for the relevant period by charter or by any
         agreement

                                       6
<PAGE>

         (other than an agreement permitted by clause (b)(6) of Section 4.10)
         instrument, judgment, decree, order, statute, rule or governmental
         regulation applicable to such Restricted Subsidiary;

                  (4) any net after-tax gains (but not losses) attributable to
         Asset Sales;

                  (5) any net after-tax extraordinary or non-recurring gains
         (but not losses); and

                  (6) the cumulative effect of a change in accounting
         principles.

         "CONSOLIDATED NET WORTH" means, at any date of determination, the
consolidated stockholder's equity of the Company and its Restricted
Subsidiaries, calculated excluding

                  (1) any amounts attributable to Disqualified Stock,

                  (2) treasury stock,

                  (3) all write-ups (other than write-ups resulting from foreign
         currency translations and write-ups of tangible assets of a going
         concern business made in accordance with GAAP as a result of the
         acquisition of such business) subsequent to the date of the Indenture
         in the book value of any asset, and

                  (4) the cumulative effect of a change in accounting
         principles.

         "CORPORATE TRUST OFFICE" means the office of the Trustee at which the
corporate trust business of the Trustee is principally administered, which at
the date of the Indenture is located at Rodney Square North, 1100 North Market
Street, Wilmington, Delaware 19890.

         "CREDIT AGREEMENT" means the credit agreement dated on or about the
Issue Date among the Company, the lenders party thereto and Credit Suisse First
Boston, as agent, together with any related documents (including any security
documents and guarantee agreements), as such agreement may be amended, amended
and restated, modified, supplemented, extended, renewed, refinanced or replaced
or substituted from time to time, provided that for purposes of the definition
of "Designated Senior Debt" there may be only a single Credit Agreement
designated as such by the Company at any time.

         "DEBT" means, with respect to any Person, without duplication,

                                       7
<PAGE>

                  (1) all indebtedness of such Person for borrowed money;

                  (2) all obligations of such Person evidenced by bonds,
         debentures, notes or other similar instruments;

                  (3) all obligations of such Person in respect of letters of
         credit, bankers' acceptances or other similar instruments;

                  (4) all obligations of such Person to pay the deferred and
         unpaid purchase price of property or services which are recorded as
         liabilities under GAAP, excluding trade payables arising in the
         ordinary course of business;

                  (5) all obligations of such Person as lessee under Capital
         Leases;

                  (6) all Debt of other Persons Guaranteed by such Person to the
         extent so Guaranteed;

                  (7) all Debt of other Persons secured by a Lien on any asset
         of such Person, whether or not such Debt is assumed by such Person; and

                  (8) all obligations of such Person under Hedging Agreements,
         net of related deferred tax assets.

The amount of Debt of any Person will be deemed to be:

                  (A) with respect to contingent obligations, the maximum
         liability upon the occurrence of the contingency giving rise to the
         obligation;

                  (B) with respect to Debt secured by a Lien on an asset of such
         Person but not otherwise the obligation, contingent or otherwise, of
         such Person, the lesser of (x) the fair market value of such asset on
         the date the Lien attached and (y) the amount of such Debt;

                  (C) with respect to any Debt issued with original issue
         discount, the face amount of such Debt less the remaining unamortized
         portion of the original issue discount of such Debt;

                  (D) with respect to any Hedging Agreement, the net amount
         payable if such Hedging Agreement terminated at that time due to
         default by such Person; and

                  (E) otherwise, the outstanding principal amount thereof.

                                       8
<PAGE>

         "DEFAULT" means any event that is, or after notice or passage of time
or both would be, an Event of Default.

         "DEPOSITARY" means the depositary of each Global Note, which will
initially be DTC.

         "DESIGNATED SENIOR DEBT" means (i) the Debt under the Credit Agreement
and (ii) any other Senior Debt which, at the date of determination, has an
aggregate principal amount outstanding of at least $25 million and is
specifically designated as "Designated Senior Debt" in the instrument governing
such Senior Debt and in an Officers' Certificate received by the Trustee.

         "DISQUALIFIED EQUITY INTERESTS" means Equity Interests that by their
terms or upon the happening of any event are

                  (1) required to be redeemed or redeemable at the option of the
         holder prior to the Stated Maturity of the Notes for consideration
         other than Qualified Equity Interests, or

                  (2) convertible at the option of the holder into Disqualified
         Equity Interests or exchangeable for Debt;

provided that Equity Interests will not constitute Disqualified Equity Interests
solely because of provisions giving holders thereof the right to require
repurchase or redemption upon an "asset sale" or "change of control" occurring
prior to the Stated Maturity of the Notes if those provisions

                  (A) are no more favorable to the holders than the provisions
         contained in Sections 4.13 and 4.14, and

                  (B) specifically state that repurchase or redemption pursuant
         thereto will not be required prior to the Company's repurchase of the
         Notes as required by the Indenture.

         "DISQUALIFIED STOCK" means Capital Stock constituting Disqualified
Equity Interests.

         "DTC" means The Depository Trust Company, a New York corporation, and
its successors.

         "DTC LEGEND" means the legend set forth in Exhibit D.

                                       9
<PAGE>

         "DOMESTIC RESTRICTED SUBSIDIARY" means any Restricted Subsidiary formed
under the laws of, or 50% or more of the assets of which are located in, the
United States of America or any jurisdiction thereof.

         "EBITDA" means, for any period, the sum of

                  (1) Consolidated Net Income, plus

                  (2) Fixed Charges, to the extent deducted in calculating
         Consolidated Net Income, plus

                  (3) to the extent deducted in calculating Consolidated Net
         Income and as determined on a consolidated basis for the Company and
         its Restricted Subsidiaries in conformity with GAAP:

                           (A) income taxes, other than income taxes or income
                  tax adjustments (whether positive or negative) attributable to
                  Asset Sales or extraordinary and non-recurring gains or
                  losses; and

                           (B) depreciation, amortization and all other non-cash
                  items reducing Consolidated Net Income (not including non-cash
                  charges in a period which reflect cash expenses paid or to be
                  paid in another period), less all non-cash items increasing
                  Consolidated Net Income;

         provided that, with respect to any Restricted Subsidiary, such items
         will be added only to the extent and in the same proportion that the
         relevant Restricted Subsidiary's net income was included in calculating
         Consolidated Net Income, plus

                  (4) net after-tax losses attributable to Asset Sales, and net
         after-tax extraordinary losses, to the extent reducing Consolidated Net
         Income.

         "EQUITY INTERESTS" means all Capital Stock and all warrants or options
with respect to, or other rights to purchase, Capital Stock, but excluding Debt
convertible into equity.

         "EQUITY OFFERING" means a primary offering, after the Issue Date, of
Qualified Stock of the Company other than an issuance registered on Form S-4 or
S-8 or any successor thereto or any issuance pursuant to employee benefit plans
or otherwise in compensation to officers, directors or employees.

         "EUROCLEAR" means Euroclear Bank S.A./N.V., and its successors or
assigns, as operator of the Euroclear System.

                                       10
<PAGE>

         "EVENT OF DEFAULT" has the meaning assigned to such term in Section
6.01.

         "EXCESS PROCEEDS" has the meaning assigned to such term in Section
4.14.

         "EXCHANGE ACT" means the Securities Exchange Act of 1934.

         "EXCHANGE NOTES" means the Notes of the Company issued pursuant to the
Indenture in exchange for, and in an aggregate principal amount equal to, the
Initial Notes or any Initial Additional Notes in compliance with the terms of a
Registration Rights Agreement and containing terms substantially identical to
the Initial Notes or any Initial Additional Notes (except that (i) such Exchange
Notes will be registered under the Securities Act and will not be subject to
transfer restrictions or bear the Restricted Legend, and (ii) the provisions
relating to Additional Interest (other than any Additional Interest accrued
through the date of issuance of such Exchange Notes) will be eliminated).

         "EXCHANGE OFFER" means an offer by the Company to the Holders of the
Initial Notes or any Initial Additional Notes to exchange outstanding Notes for
Exchange Notes, as provided for in a Registration Rights Agreement.

         "EXCHANGE OFFER REGISTRATION STATEMENT" means the Exchange Offer
Registration Statement as defined in a Registration Rights Agreement.

         "FIXED CHARGE COVERAGE RATIO" means, on any date (the "TRANSACTION
DATE"), the ratio of

                  (x) the aggregate amount of EBITDA for the four fiscal
         quarters immediately prior to the transaction date for which internal
         financial statements are available (the "REFERENCE PERIOD") to

                  (y) the aggregate Fixed Charges during such reference period.

         In making the foregoing calculation,

                  (1) pro forma effect will be given to any Debt, Disqualified
         Stock or Preferred Stock Incurred during or after the reference period
         to the extent the Debt is outstanding or is to be Incurred on the
         transaction date as if the Debt, Disqualified Stock or Preferred Stock
         had been Incurred on the first day of the reference period;

                  (2) pro forma calculations of interest on Debt bearing a
         floating interest rate will be made as if the rate in effect on the
         transaction date (taking into account any Hedging Agreement applicable
         to the Debt if the

                                       11
<PAGE>

         Hedging Agreement has a remaining term of at least 12 months) had been
         the applicable rate for the entire reference period;

                  (3) Fixed Charges related to any Debt, Disqualified Stock or
         Preferred Stock no longer outstanding or to be repaid or redeemed on
         the transaction date, except for Consolidated Interest Expense accrued
         during the reference period under a revolving credit to the extent of
         the commitment thereunder (or under any successor revolving credit) in
         effect on the transaction date, will be excluded;

                  (4) pro forma effect will be given to

                           (A) the creation, designation or redesignation of
                  Restricted and Unrestricted Subsidiaries,

                           (B) the acquisition or disposition of companies,
                  divisions or lines of businesses by the Company and its
                  Restricted Subsidiaries, including any acquisition or
                  disposition of a company, division or line of business since
                  the beginning of the reference period by a Person that became
                  a Restricted Subsidiary after the beginning of the reference
                  period, and

                           (C) the discontinuation of any discontinued
                  operations but, in the case of Fixed Charges, only to the
                  extent that the obligations giving rise to Fixed Charges will
                  not be obligations of the Company or any Restricted Subsidiary
                  following the transaction date

         that have occurred since the beginning of the reference period as if
         such events had occurred, and, in the case of any disposition, the
         proceeds thereof applied, on the first day of the reference period. To
         the extent that pro forma effect is to be given to an acquisition or
         disposition of a company, division or line of business, the pro forma
         calculation will be based upon the most recent four full fiscal
         quarters for which the relevant financial information is available.

         "FIXED CHARGES" means, for any period, the sum of

                  (1) Interest Expense for such period; and

                  (2) the product of

                           (x) cash and non-cash dividends paid, declared,
                  accrued or accumulated on any Disqualified or Preferred Stock
                  of the

                                       12
<PAGE>

                  Company or a Restricted Subsidiary, except for dividends
                  payable in the Company's Qualified Stock or paid to the
                  Company or to a Wholly Owned Restricted Subsidiary, and

                           (y) a fraction, the numerator of which is one and the
                  denominator of which is one minus the sum of the currently
                  effective combined Federal, state, local and foreign tax rate
                  applicable to the Company and its Restricted Subsidiaries

provided that Fixed Charges of a Restricted Subsidiary that is not a Wholly
Owned Restricted Subsidiary will be reduced in proportion to any proportional
reduction in respect of such Restricted Subsidiary's net income included in
calculating Consolidated Net Income.

         "FOREIGN RESTRICTED SUBSIDIARY" means any Restricted Subsidiary that is
not a Domestic Restricted Subsidiary.

         "GAAP" means generally accepted accounting principles in the United
States of America as in effect from time to time.

         "GLOBAL NOTE" means a Note in registered global form without interest
coupons.

         "GUARANTEE" means any obligation, contingent or otherwise, of any
Person directly or indirectly guaranteeing any Debt or other obligation of any
other Person and, without limiting the generality of the foregoing, any
obligation, direct or indirect, contingent or otherwise, of such Person (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such
Debt or other obligation of such other Person (whether arising by virtue of
partnership arrangements, or by agreement to keep-well, to purchase assets,
goods, securities or services, to take-or-pay, or to maintain financial
statement conditions or otherwise) or (ii) entered into for purposes of assuring
in any other manner the obligee of such Debt or other obligation of the payment
thereof or to protect such obligee against loss in respect thereof, in whole or
in part; provided that the term "Guarantee" does not include endorsements for
collection or deposit in the ordinary course of business. The term "Guarantee"
used as a verb has a corresponding meaning.

         "GUARANTOR" means (i) each Domestic Restricted Subsidiary of the
Company in existence on the Issue Date and (ii) each Domestic Restricted
Subsidiary that executes a supplemental indenture in the form of Exhibit B to
the Indenture providing for the guaranty of the payment of the Notes, or any
successor obligor under its Note Guaranty pursuant to Section 5.02, in each case
unless and until such Guarantor is released from its Note Guaranty pursuant to
the Indenture.

                                       13
<PAGE>

         "HEDGING AGREEMENT" means (i) any interest rate swap agreement,
interest rate cap agreement or other agreement designed to protect against
fluctuations in interest rates or (ii) any foreign exchange forward contract,
currency swap agreement or other agreement designed to protect against
fluctuations in foreign exchange rates.

         "HOLDER" or "NOTEHOLDER" means the registered holder of any Note.

         "INCUR" means, with respect to any Debt or Capital Stock, to incur,
create, issue, assume or Guarantee such Debt or Capital Stock. If any Person
becomes a Restricted Subsidiary on any date after the date of the Indenture
(including by redesignation of an Unrestricted Subsidiary or failure of an
Unrestricted Subsidiary to meet the qualifications necessary to remain an
Unrestricted Subsidiary), the Debt and Capital Stock of such Person outstanding
on such date will be deemed to have been Incurred by such Person on such date
for purposes of Section 4.06, but will not be considered the sale or issuance of
Equity Interests for purposes of Section 4.11 or 4.14. The accretion of original
issue discount or payment of interest in kind will not be considered an
Incurrence of Debt.

         "INDENTURE" means this indenture, as amended or supplemented from time
to time.

         "INITIAL ADDITIONAL NOTES" means Additional Notes issued in an offering
not registered under the Securities Act and any Notes issued in replacement
thereof, but not including any Exchange Notes issued in exchange therefor.

         "INITIAL NOTES" means the Notes issued on the Issue Date and any Notes
issued in replacement thereof, but not including any Exchange Notes issued in
exchange therefor.

         "INITIAL PURCHASERS" means the initial purchasers party to a purchase
agreement with the Company relating to the sale of the Initial Notes or Initial
Additional Notes by the Company.

         "INSTITUTIONAL ACCREDITED INVESTOR CERTIFICATE" means a certificate
substantially in the form of Exhibit G hereto.

         "INTEREST", in respect of the Notes, unless the context otherwise
requires, refers to interest and Additional Interest, if any.

         "INTEREST EXPENSE" means, for any period, the consolidated interest
expense of the Company and its Restricted Subsidiaries, plus, to the extent not
included in such consolidated interest expense, and to the extent incurred,
accrued or payable by the Company or its Restricted Subsidiaries, without
duplication,

                                       14
<PAGE>

(i) interest expense attributable to Sale and Leaseback Transactions, (ii)
amortization of debt discount and debt issuance costs but excluding amortization
of deferred financing charges incurred in respect of the Notes and the Credit
Agreement on or prior to the Issue Date, (iii) capitalized interest, (iv)
non-cash interest expense, (v) commissions, discounts and other fees and charges
owed with respect to letters of credit and bankers' acceptance financing, (vi)
net costs associated with Hedging Agreements (including the amortization of
fees), (vii) any premiums, fees, discounts, expenses and losses on the sale of
accounts receivable (and any amortization thereof) payable by the Company or any
Restricted Subsidiary in connection with a Permitted Receivables Financing, as
determined on a consolidated basis and in accordance with GAAP, and (viii) any
of the above expenses with respect to Debt of another Person Guaranteed by the
Company or any of its Restricted Subsidiaries.

         "INTEREST PAYMENT DATE" means June 15 and December 15 of each year,
commencing December 15, 2002.

         "INVESTMENT" means

                  (1) any direct or indirect advance, loan or other extension of
         credit to another Person,

                  (2) any capital contribution to another Person, by means of
         any transfer of cash or other property or in any other form,

                  (3) any purchase or acquisition of Equity Interests, bonds,
         notes or other Debt, or other instruments or securities issued by
         another Person, including the receipt of any of the above as
         consideration for the disposition of assets or rendering of services,
         or

                  (4) any Guarantee of any obligation of another Person.

         If the Company or any Restricted Subsidiary (x) sells or otherwise
disposes of any Equity Interests of any direct or indirect Restricted Subsidiary
so that, after giving effect to that sale or disposition, such Person is no
longer a Subsidiary of the Company, or (y) designates any Restricted Subsidiary
as an Unrestricted Subsidiary in accordance with Section 4.18, all remaining
Investments of the Company and the Restricted Subsidiaries in such Person shall
be deemed to have been made at such time.

         "ISSUE DATE" means the first date on which the Original Notes are
originally issued under the Indenture.

                                       15
<PAGE>

         "LIEN" means any mortgage, pledge, security interest, encumbrance, lien
or charge of any kind (including any conditional sale or other title retention
agreement or Capital Lease).

         "MOODY'S" means Moody's Investors Service, Inc. and its successors.

         "NET CASH PROCEEDS" means, with respect to any Asset Sale, the proceeds
of such Asset Sale in the form of cash (including (i) payments in respect of
deferred payment obligations to the extent corresponding to principal, but not
interest, when received in the form of cash, and (ii) proceeds from the
conversion of other consideration received when converted to cash), net of

                  (1) brokerage commissions and other fees and expenses related
         to such Asset Sale, including fees and expenses of counsel, accountants
         and investment bankers;

                  (2) provisions for taxes as a result of such Asset Sale taking
         into account the consolidated results of operations of the Company and
         its Restricted Subsidiaries;

                  (3) payments required to be made to holders of minority
         interests in Restricted Subsidiaries as a result of such Asset Sale or
         to repay Debt outstanding at the time of such Asset Sale that is
         secured by a Lien on the property or assets sold; and

                  (4) appropriate amounts to be provided as a reserve against
         liabilities associated with such Asset Sale, including pension and
         other post-employment benefit liabilities, liabilities related to
         environmental matters and indemnification obligations associated with
         such Asset Sale, with any subsequent reduction of the reserve other
         than by payments made and charged against the reserved amount to be
         deemed a receipt of cash.

         "NON-U.S. PERSON" means a Person that is not a U.S. person, as defined
in Regulation S.

         "NON-RECOURSE DEBT" means Debt as to which (i) neither the Company nor
any Restricted Subsidiary provides any Guarantee and (ii) no default thereunder
would, as such, constitute a default under any Debt of the Company or any
Restricted Subsidiary.

         "NOTES" has the meaning assigned to such term in the Recitals.

         "NOTE GUARANTEE" means the guaranty of the Notes by a Guarantor
pursuant to the Indenture.

                                       16
<PAGE>

         "OBLIGATIONS" means, with respect to any Debt, all obligations (whether
in existence on the Issue Date or arising afterwards, absolute or contingent,
direct or indirect) for or in respect of principal (when due, upon acceleration,
upon redemption, upon mandatory repayment or repurchase pursuant to a mandatory
offer to purchase, or otherwise), premium, interest, penalties, fees,
indemnification, reimbursement and other amounts payable and liabilities with
respect to such Debt, including all interest accrued or accruing after the
commencement of any bankruptcy, insolvency or reorganization or similar case or
proceeding at the contract rate (including, without limitation, any contract
rate applicable upon default) specified in the relevant documentation, whether
or not the claim for such interest is allowed as a claim in such case or
proceeding.

         "OFFER TO PURCHASE" has the meaning assigned to such term in Section
3.04.

         "OFFICER" means the chairman of the Board of Directors, the president
or chief executive officer, any vice president, the chief financial officer, the
treasurer or any assistant treasurer, or the secretary or any assistant
secretary, of the Company.

         "OFFICERS' CERTIFICATE" means a certificate signed in the name of the
Company (i) by the chairman of the Board of Directors, the president or chief
executive officer or a vice president and (ii) by the chief financial officer,
the treasurer or any assistant treasurer or the secretary or any assistant
secretary.

         "OFFSHORE GLOBAL NOTE" means a Global Note representing Notes issued
and sold pursuant to Regulation S.

         "OPINION OF COUNSEL" means a written opinion signed by legal counsel,
who may be an employee of or counsel to the Company, satisfactory to the
Trustee.

         "ORIGINAL NOTES" means the Initial Notes and any Exchange Notes issued
in exchange therefor.

         "PAYING AGENT" refers to a Person engaged to perform the obligations of
the Trustee in respect of payments made or funds held hereunder in respect of
the Notes.

         "PAYMENT BLOCKAGE PERIOD" has the meaning assigned to such term in
Section 10.03(b).

         "PAYMENT IN FULL" has the meaning assigned to such term in Section
10.02.

                                       17
<PAGE>

         "PAY THE NOTES" has the meaning assigned to such term in Section 10.03.

         "PERMANENT OFFSHORE GLOBAL NOTE" means an Offshore Global Note that
does not bear the Temporary Offshore Global Note Legend.

         "PERMITTED BANK DEBT" has the meaning assigned to such term in Section
4.06.

         "PERMITTED DEBT" has the meaning assigned to such term in Section 4.06.

         "PERMITTED BUSINESS" means any of the businesses in which the Company
and its Restricted Subsidiaries are engaged on the Issue Date or a reasonable
extension, development or expansion of the business in which the Company and its
Restricted Subsidiaries was engaged on the Issue Date, and any business
reasonably related, incidental, complementary or ancillary thereto.

         "PERMITTED INVESTMENTS" means:

                  (1) any Investment in the Company or in a Wholly Owned
         Restricted Subsidiary of the Company that is engaged in a Permitted
         Business;

                  (2) any Investment in Cash Equivalents;

                  (3) any Investment by the Company or any Subsidiary of the
         Company in a Person (including purchases of outstanding securities of
         such person), if as a result of such Investment,

                            (A) such Person becomes a Wholly Owned Restricted
                  Subsidiary of the Company engaged in a Permitted Business, or

                            (B) such Person is merged or consolidated with or
                  into, or transfers or conveys substantially all its assets to,
                  or is liquidated into, the Company or a Wholly Owned
                  Restricted Subsidiary engaged in a Permitted Business;

                  (4) Investments received as non-cash consideration in an Asset
         Sale made pursuant to and in compliance with Section 4.14;

                  (5) any Investment acquired solely in exchange for Qualified
         Stock of the Company;

                  (6) Hedging Agreements otherwise permitted under the
         Indenture;

                                       18
<PAGE>

                  (7) (i) receivables owing to the Company or any Restricted
         Subsidiary if created or acquired in the ordinary course of business,
         (ii) Cash Equivalents or other cash management investments or liquid or
         portfolio securities pledged as collateral pursuant to Section 4.08,
         (iii) endorsements for collection or deposit in the ordinary course of
         business, and (iv) securities, instruments or other obligations
         received in compromise or settlement of debts created in the ordinary
         course of business, or by reason of a composition or readjustment of
         debts or reorganization of another Person, or in satisfaction of claims
         or judgments;

                  (8) payroll, travel and other loans or advances to, or
         Guarantees issued to support the obligations of, officers and
         employees, in each case in the ordinary course of business, not in
         excess of $5.0 million outstanding at any time; and

                  (9) extensions of credit to customers and suppliers in the
         ordinary course of business;

                  (10) Investments in a Securitization Subsidiary that are
         necessary or desirable to effect a Permitted Receivables Financing; and

                  (11) other Investments in any Person having an aggregate fair
         market value (measured on the date each such Investment was made and
         without giving effect to subsequent changes in value) which, when taken
         together with all other Investments made pursuant to this clause (11)
         that are at the time outstanding (measured on the date each such
         Investment was made and without giving effect to subsequent changes in
         value), does not exceed $25.0 million.

         "PERMITTED JUNIOR SECURITIES" means, as to the Company or a Guarantor,
as the case may be, any securities of the Company or such Guarantor, as the case
may be, provided for by a plan of reorganization or readjustment authorized by
an order or decree of a court of competent jurisdiction in a reorganization
proceeding under any applicable bankruptcy law relating to the Company or such
Guarantor, as relevant, that

                  (1) constitute either Equity Interests or Debt of the Company
         or such Guarantor, as the case may be, subordinated in right of payment
         to all Securities issued in discharge of all claims of Senior Debt of
         the Company or such Guarantor, as relevant, to at least the same extent
         as the Notes are subordinated as provided in the Indenture,

                                       19
<PAGE>

                  (2) provide for interest or dividends at a rate per annum not
         exceeding 8 1/8%,

                  (3) are not entitled to the benefits of covenants or defaults
         materially more favorable to the holders of such securities than those
         then in effect with respect to the Notes, and

                  (4) do not provide for any maturity, mandatory redemption, or
         mandatory repayment or repurchase, upon the occurrence of any event or
         otherwise, prior to the date six months following the last Stated
         Maturity of Senior Debt of the Company or the Guarantor, as relevant,
         as modified by the plan of reorganization or readjustment or otherwise
         issued in discharge of all claims of Senior Debt pursuant to which such
         securities are issued.

         "PERMITTED LIENS" means

                  (1) Liens existing on the Issue Date;

                  (2) Liens securing the Notes or any Note Guaranties;

                  (3) Liens securing Obligations under or with respect to the
         Credit Agreement or any other Senior Debt of the Company or any
         Guarantor or any Debt of a Restricted Subsidiary that is not a
         Guarantor;

                  (4) pledges or deposits under worker's compensation laws,
         unemployment insurance laws or similar legislation, or good faith
         deposits in connection with bids, tenders, contracts or leases, or to
         secure public or statutory obligations, surety bonds, customs duties
         and the like, or for the payment of rent, in each case incurred in the
         ordinary course of business and not securing Debt;

                  (5) Liens imposed by law, such as carriers', vendors',
         warehousemen's and mechanics' liens, in each case for sums not yet due
         or being contested in good faith and by appropriate proceedings;

                  (6) Liens in respect of taxes and other governmental
         assessments and charges which are not yet due or which are being
         contested in good faith and by appropriate proceedings;

                  (7) Liens securing reimbursement obligations with respect to
         letters of credit that encumber documents and other property relating
         to such letters of credit and the proceeds thereof;

                                       20
<PAGE>

                  (8) minor survey exceptions, minor encumbrances, easements or
         reservations of, or rights of others for, licenses, rights of way,
         sewers, electric lines, telegraph and telephone lines and other similar
         purposes, or zoning or other restrictions as to the use of real
         property, not interfering in any material respect with the conduct of
         the business of the Company and its Restricted Subsidiaries;

                  (9) licenses or leases or subleases as licensor, lessor or
         sublessor of any of its property, including intellectual property, in
         the ordinary course of business;

                  (10) customary Liens in favor of trustees and escrow agents,
         and netting and setoff rights, banker's liens and the like in favor of
         financial institutions and counterparties to financial obligations and
         instruments, including Hedging Agreements;

                  (11) Liens on assets pursuant to merger agreements, stock or
         asset purchase agreements and similar agreements in respect of the
         disposition of such assets;

                  (12) options, put and call arrangements, rights of first
         refusal and similar rights relating to Investments in joint ventures,
         partnerships and the like;

                  (13) judgment liens, and Liens securing appeal bonds or
         letters of credit issued in support of or in lieu of appeal bonds, so
         long as no Event of Default then exists under Section 6.01(6);

                  (14) Liens incurred in the ordinary course of business not
         securing Debt and not in the aggregate materially detracting from the
         value of the properties or their use in the operation of the business
         of the Company and its Restricted Subsidiaries;

                  (15) Liens (including the interest of a lessor under a Capital
         Lease) on property that secure Debt Incurred for the purpose of
         financing all or any part of the purchase price or cost of construction
         or improvement of such property and which attach within 365 days after
         the date of such purchase or the completion of construction or
         improvement;

                  (16) Liens on property of a Person at the time such Person
         becomes a Restricted Subsidiary of the Company, provided such Liens
         were not created in contemplation thereof and do not extend to any
         other property of the Company or any Restricted Subsidiary;

                                       21
<PAGE>

                  (17) Liens on property at the time the Company or any of the
         Restricted Subsidiaries acquires such property, including any
         acquisition by means of a merger or consolidation with or into the
         Company or a Restricted Subsidiary of such Person, provided such Liens
         were not created in contemplation thereof and do not extend to any
         other property of the Company or any Restricted Subsidiary;

                  (18) Liens securing Debt or other obligations of the Company
         or a Restricted Subsidiary to the Company or a Wholly Owned Restricted
         Subsidiary;

                  (19) Liens securing Hedging Agreements so long as such Hedging
         Agreements relate to Debt that is, and is permitted to be under the
         Indenture, secured by a Lien on the same property securing such Hedging
         Agreements;

                  (20) any pledge of the Capital Stock of an Unrestricted
         Subsidiary to secure Debt of such Unrestricted Subsidiary, to the
         extent such pledge constitutes an Investment permitted under Section
         4.07;

                  (21) Liens on accounts receivable and proceeds thereof arising
         in connection with a Permitted Receivables Financing; and

                  (22) extensions, renewals or replacements of any Liens
         referred to in clauses (1), (2), (3), (15), (16), (17) or (21) in
         connection with the refinancing of the obligations secured thereby,
         provided that such Lien does not extend to any other property and,
         except as contemplated by the definition of "Permitted Refinancing
         Debt", the amount secured by such Lien is not increased.

         "PERMITTED RECEIVABLES FINANCING" means any receivables financing
facility or arrangement pursuant to which a Securitization Subsidiary purchases
or otherwise acquires accounts receivable of the Company or any Restricted
Subsidiaries and enters into a third party financing thereof on terms that the
Board of Directors has, in its good faith business judgement, concluded are
customary and market terms fair to the Company and its Restricted Subsidiaries.

         "PERMITTED REFINANCING DEBT" has the meaning assigned to such term in
Section 4.06.

         "PERSON" means an individual, a corporation, a partnership, a limited
liability company, an association, a trust or any other entity, including a
government or political subdivision or an agency or instrumentality thereof.

                                       22
<PAGE>

         "PREFERRED STOCK" means, with respect to any Person, any and all
Capital Stock which is preferred as to the payment of dividends or
distributions, upon liquidation or otherwise, over another class of Capital
Stock of such Person.

         "PRINCIPAL" of any Debt means the principal amount of such Debt (or if
such Debt was issued with original issue discount, the face amount of such Debt
less the remaining unamortized portion of the original issue discount of such
Debt), together with, unless the context otherwise indicates, any premium then
payable on such Debt.

         "QUALIFIED EQUITY INTERESTS" means all Equity Interests of a Person
other than Disqualified Equity Interests.

         "QUALIFIED STOCK" means all Capital Stock of a Person other than
Disqualified Stock.

         "REFINANCE" has the meaning assigned to such term in Section 4.06.

         "REGISTER" has the meaning assigned to such term in Section 2.09.

         "REGISTRAR" means a Person engaged to maintain the Register.

         "REGISTRATION RIGHTS AGREEMENT" means (i) the Registration Rights
Agreement dated on or about the Issue Date between the Company and the Initial
Purchasers party thereto with respect to the Initial Notes, and (ii) with
respect to any Additional Notes, any registration rights agreements between the
Company and the Initial Purchasers party thereto relating to rights given by the
Company to the purchasers of Additional Notes to register such Additional Notes
or exchange them for Notes registered under the Securities Act.

         "REGULAR RECORD DATE" for the interest payable on any Interest Payment
Date means the June 1 or December 1 (whether or not a Business Day) next
preceding such Interest Payment Date.

         "REGULATION S" means Regulation S under the Securities Act.

         "REGULATION S CERTIFICATE" means a certificate substantially in the
form of Exhibit E hereto.

         "RESTRICTED LEGEND" means the legend set forth in Exhibit C.

         "RESTRICTED PAYMENT" has the meaning assigned to such term in Section
4.07.

                                       23
<PAGE>

         "RESTRICTED PERIOD" means the relevant 40-day distribution compliance
period as defined in Regulation S.

         "RESTRICTED SUBSIDIARY" means any Subsidiary of the Company other than
an Unrestricted Subsidiary.

         "RULE 144A" means Rule 144A under the Securities Act.

         "RULE 144A CERTIFICATE" means (i) a certificate substantially in the
form of Exhibit F hereto or (ii) a written certification addressed to the
Company and the Trustee to the effect that the Person making such certification
(x) is acquiring such Note (or beneficial interest) for its own account or one
or more accounts with respect to which it exercises sole investment discretion
and that it and each such account is a qualified institutional buyer within the
meaning of Rule 144A, (y) is aware that the transfer to it or exchange, as
applicable, is being made in reliance upon the exemption from the provisions of
Section 5 of the Securities Act provided by Rule 144A, and (z) acknowledges that
it has received such information regarding the Company as it has requested
pursuant to Rule 144A(d)(4) or has determined not to request such information.

         "S&P" means Standard & Poor's Ratings Group, a division of McGraw Hill,
Inc. and its successors.

         "SALE AND LEASEBACK TRANSACTION" means, with respect to any Person, an
arrangement whereby such Person enters into a lease of property previously
transferred by such Person to the lessor.

         "SECURITIES ACT" means the Securities Act of 1933.

         "SECURITIZATION SUBSIDIARY" means a Subsidiary of the Company

                  (1) that is designated a "Securitization Subsidiary" by the
         Board of Directors in a resolution delivered to the Trustee,

                  (2) that does not engage in, and whose charter prohibits it
         from engaging in, any activities other than Permitted Receivables
         Financings and any activity necessary, incidental or related thereto,

                  (3) no portion of the Debt or any other obligation, contingent
         or otherwise, of which

                           (A) is Guaranteed by the Company or any Restricted
                  Subsidiary of the Company,

                                       24
<PAGE>

                           (B) is recourse to or obligates the Company or any
                  Restricted Subsidiary of the Company in any way, or

                           (C) subjects any property or asset of the Company or
                  any Restricted Subsidiary of the Company, directly or
                  indirectly, contingently or otherwise, to the satisfaction
                  thereof, and

                   (4) with respect to which neither the Company nor any
         Restricted Subsidiary of the Company has any obligation to Subscribe
         for additional Capital Stock or make any capital contribution or to
         maintain or preserve its financial condition or cause it to achieve
         certain levels of operating results,

other than, in respect of clauses (3) and (4), pursuant to customary
representations, warranties, covenants and indemnities entered into in
connection with a Permitted Receivables Financing.

         "SENIOR DEBT" of the Company or of a Guarantor, as the case may be,
means all Obligations with respect to Debt of the Company or such Guarantor, as
relevant, whether outstanding on the Issue Date or thereafter created, except
for Debt which, in the instrument creating or evidencing the same, is expressly
stated to be not senior in right of payment to the Notes or, in respect of such
Guarantor, its Note Guarantee; provided that Senior Debt does not include (i)
any obligation to the Company or any Subsidiary, (ii) trade payables or (iii)
any Debt Incurred in violation of the Indenture.

         "SHELF REGISTRATION STATEMENT" means the Shelf Registration Statement
as defined in a Registration Rights Agreement.

         "SIGNIFICANT RESTRICTED SUBSIDIARY" means any Restricted Subsidiary
that would be a "significant subsidiary" as defined in Article 1, Rule 1-02
(w)(1) or (2) of Regulation S-X promulgated under the Securities Act, as such
regulation is in effect on the date of the Indenture.

         "STATED MATURITY" means (i) with respect to any Debt, the date
specified as the fixed date on which the final installment of principal of such
Debt is due and payable or (ii) with respect to any scheduled installment of
principal of or interest on any Debt, the date specified as the fixed date on
which such installment is due and payable as set forth in the documentation
governing such Debt, not including any contingent obligation to repay, redeem or
repurchase prior to the regularly scheduled date for payment.

                                       25
<PAGE>

         "SUBORDINATED DEBT" means any Debt of the Company or any Guarantor
which is subordinated in right of payment to the Notes or the Note Guarantee, as
applicable, pursuant to a written agreement to that effect.

         "SUBSIDIARY" means with respect to any Person, any corporation,
association or other business entity of which more than 50% of the outstanding
Voting Stock is owned, directly or indirectly, by, or, in the case of a
partnership, the sole general partner or the managing partner or the only
general partners of which are, such Person and one or more Subsidiaries of such
Person (or a combination thereof). Unless otherwise specified, "Subsidiary"
means a Subsidiary of the Company.

         "TEMPORARY OFFSHORE GLOBAL NOTE" means an Offshore Global Note that
bears the Temporary Offshore Global Note Legend.

         "TEMPORARY OFFSHORE GLOBAL NOTE LEGEND" means the legend set forth in
Exhibit I.

         "TRUSTEE" means the party named as such in the first paragraph of the
Indenture or any successor trustee under the Indenture pursuant to Article 7.

         "TRUST INDENTURE ACT" means the Trust Indenture Act of 1939.

         "U.S. GLOBAL NOTE" means a Global Note that bears the Restricted Legend
representing Notes issued and sold pursuant to Rule 144A.

         "U.S. GOVERNMENT OBLIGATIONS" means obligations issued or directly and
fully guaranteed or insured by the United States of America or by any agent or
instrumentality thereof, provided that the full faith and credit of the United
States of America is pledged in support thereof.

         "UNRESTRICTED SUBSIDIARY" means (i) any Securitization Subsidiary and
(ii) any Subsidiary of the Company that at the time of determination has
previously been designated, and continues to be, an Unrestricted Subsidiary in
accordance with Section 4.18.

         "VOTING STOCK" means, with respect to any Person, Capital Stock of any
class or kind ordinarily having the power to vote for the election of directors,
managers or other voting members of the governing body of such Person.

         "WHOLLY OWNED" means, with respect to any Restricted Subsidiary, a
Restricted Subsidiary all of the outstanding Capital Stock of which (other than
any director's qualifying shares) is owned by the Company and one or more Wholly
Owned Restricted Subsidiaries (or a combination thereof).

                                       26
<PAGE>

         SECTION 1.02. Rules of Construction. Unless the context otherwise
requires or except as otherwise expressly provided,

                  (1) an accounting term not otherwise defined has the meaning
         assigned to it in accordance with GAAP;

                  (2) "herein," "hereof" and other words of similar import refer
         to the Indenture as a whole and not to any particular Section, Article
         or other subdivision;

                  (3) all references to Sections or Articles or Exhibits refer
         to Sections or Articles or Exhibits of or to the Indenture unless
         otherwise indicated;

                  (4) references to agreements or instruments, or to statutes or
         regulations, are to such agreements or instruments, or statutes or
         regulations, as amended from time to time (or to successor statutes and
         regulations); and

                  (5) in the event that a transaction meets the criteria of more
         than one category of permitted transactions or listed exceptions the
         Company may classify such transaction as it, in its sole discretion,
         determines.

                                    ARTICLE 2
                                    THE NOTES

         SECTION 2.01. Form, Dating and Denominations; Legends. (a) The Notes
and the Trustee's certificate of authentication will be substantially in the
form attached as Exhibit A. The terms and provisions contained in the form of
the Notes annexed as Exhibit A constitute, and are hereby expressly made, a part
of the Indenture. The Notes may have notations, legends or endorsements required
by law, rules of or agreements with national securities exchanges to which the
Company is subject, or usage. Each Note will be dated the date of its
authentication. The Notes will be issuable in denominations of $1,000 in
principal amount and any multiple of $1,000 in excess thereof.

                (b)(1) Except as otherwise provided in paragraph (c), Section
         2.10(b)(3), (b)(5), or (c) or Section 2.09(b)(4), each Initial Note or
         Initial Additional Note (other than a Permanent Offshore Note) will
         bear the Restricted Legend.

                                       27

<PAGE>

                   (2) Each Global Note, whether or not an Initial Note or
         Additional Note, will bear the DTC Legend.

                   (3) Each Temporary Offshore Global Note will bear the
         Temporary Offshore Global Note Legend.

                   (4) Initial Notes and Initial Additional Notes offered and
         sold in reliance on Regulation S will be issued as provided in Section
         2.11(a).

                   (5) Initial Notes and Initial Additional Notes offered and
         sold in reliance on any exception under the Securities Act other than
         Regulation S and Rule 144A will be issued, and upon the request of the
         Company to the Trustee, Initial Notes offered and sold in reliance on
         Rule 144A may be issued, in the form of Certificated Notes.

                   (6) Exchange Notes will be issued, subject to Section
         2.09(b), in the form of one or more Global Notes.

                (c)(1) If the Company determines (upon the advice of counsel and
         such other certifications and evidence as the Company may reasonably
         require, copies of which shall be delivered to the Trustee) that a Note
         is eligible for resale pursuant to Rule 144(k) under the Securities Act
         (or a successor provision) and that the Restricted Legend is no longer
         necessary or appropriate in order to ensure that subsequent transfers
         of the Note (or a beneficial interest therein) are effected in
         compliance with the Securities Act, or

                   (2) after an Initial Note or any Initial Additional Note is

                           (x) sold pursuant to an effective registration
                  statement under the Securities Act, pursuant to the
                  Registration Rights Agreement or otherwise, or (y) is validly
                  tendered for exchange into an Exchange Note pursuant to an
                  Exchange Offer

the Company shall instruct the Trustee to cancel the Note and issue to the
Holder thereof (or to its transferee) a new Note of like tenor and amount,
registered in the name of the Holder thereof (or its transferee), that does not
bear the Restricted Legend, and the Trustee will comply with such instruction.

         (d) By its acceptance of any Note bearing the Restricted Legend (or any
beneficial interest in such a Note), each Holder thereof and each owner of a
beneficial interest therein acknowledges the restrictions on transfer of such
Note (and any such beneficial interest) set forth in this Indenture and in the
Restricted

                                       28
<PAGE>

Legend and agrees that it will transfer such Note (and any such beneficial
interest) only in accordance with the Indenture and such legend.

         SECTION 2.02. Execution and Authentication; Exchange Notes; Additional
Notes. (a) An Officer shall execute the Notes for the Company by facsimile or
manual signature in the name and on behalf of the Company. If an Officer whose
signature is on a Note no longer holds that office at the time the Note is
authenticated, the Note will still be valid.

         (b) A Note will not be valid until the Trustee manually signs the
certificate of authentication on the Note, with the signature conclusive
evidence that the Note has been authenticated under the Indenture.

         (c) At any time and from time to time after the execution and delivery
of the Indenture, the Company may deliver Notes executed by the Company to the
Trustee for authentication. The Trustee will authenticate and deliver

                  (i) Initial Notes for original issue in the aggregate
         principal amount not to exceed $150,000,000,

                  (ii) Initial Additional Notes from time to time for original
         issue in aggregate principal amounts specified by the Company, and

                  (iii) Exchange Notes from time to time for issue in exchange
         for a like principal amount of Initial Notes or Initial Additional
         Notes

after the following conditions have been met:

                  (1) Receipt by the Trustee of an Officers' Certificate
         specifying

                           (A) the amount of Notes to be authenticated and the
                  date on which the Notes are to be authenticated,

                           (B) whether the Notes are to be Initial Notes or
                  Additional Notes or Exchange Notes,

                           (C) in the case of Initial Additional Notes, that the
                  issuance of such Notes does not contravene any provision of
                  Article 4,

                           (D) whether the Notes are to be issued as one or more
                  Global Notes or Certificated Notes, and

                                       29
<PAGE>

                           (E) other information the Company may determine to
                  include or the Trustee may reasonably request.

                  (2) In the case of Initial Additional Notes, receipt by the
         Trustee of an Opinion of Counsel confirming that the Holders of the
         outstanding Notes will be subject to federal income tax in the same
         amounts, in the same manner and at the same times as would have been
         the case if such Additional Notes were not issued.

                  (3) In the case of Exchange Notes, effectiveness of an
         Exchange Offer Registration Statement and consummation of the exchange
         offer thereunder (and receipt by the Trustee of an Officers'
         Certificate to that effect). Initial Notes or Initial Additional Notes
         exchanged for Exchange Notes will be cancelled by the Trustee.

         SECTION 2.03. Registrar, Paying Agent and Authenticating Agent; Paying
Agent to Hold Money in Trust. (a) The Company may appoint one or more Registrars
and one or more Paying Agents, and the Trustee may appoint an Authenticating
Agent, in which case each reference in the Indenture to the Trustee in respect
of the obligations of the Trustee to be performed by that Agent will be deemed
to be references to the Agent. The Company may act as Registrar or (except for
purposes of Article 8) Paying Agent. In each case the Company and the Trustee
will enter into an appropriate agreement with the Agent implementing the
provisions of the Indenture relating to the obligations of the Trustee to be
performed by the Agent and the related rights. The Company initially appoints
the Trustee as Registrar and Paying Agent.

         (b) The Company will require each Paying Agent other than the Trustee
to agree in writing that the Paying Agent will hold in trust for the benefit of
the Holders or the Trustee all money held by the Paying Agent for the payment of
principal of and interest on the Notes and will promptly notify the Trustee of
any default by the Company in making any such payment. The Company at any time
may require a Paying Agent to pay all money held by it to the Trustee and
account for any funds disbursed, and the Trustee may at any time during the
continuance of any payment default, upon written request to a Paying Agent,
require the Paying Agent to pay all money held by it to the Trustee and to
account for any funds disbursed. Upon doing so, the Paying Agent will have no
further liability for the money so paid over to the Trustee.

         SECTION 2.04. Replacement Notes. If a mutilated Note is surrendered to
the Trustee or if a Holder claims that its Note has been lost, destroyed or
wrongfully taken, the Company will issue and the Trustee will authenticate a
replacement Note of like tenor and principal amount and bearing a number not
contemporaneously outstanding. Every replacement Note is an additional

                                       30
<PAGE>

obligation of the Company and entitled to the benefits of the Indenture. If
required by the Trustee or the Company, a lost note affidavit and indemnity must
be furnished that is sufficient in the judgment of both the Trustee and the
Company to protect the Company and the Trustee from any loss they may suffer if
a Note is replaced. The Company may charge the Holder for the expenses of the
Company and the Trustee in replacing a Note. In case the mutilated, lost,
destroyed or wrongfully taken Note has become or is about to become due and
payable, the Company in its discretion may pay the Note instead of issuing a
replacement Note.

         SECTION 2.05. Outstanding Notes. (a) Notes outstanding at any time are
all Notes that have been authenticated by the Trustee except for

                  (1) Notes cancelled by the Trustee or delivered to it for
         cancellation;

                  (2) any Note which has been replaced pursuant to Section 2.04
         unless and until the Trustee and the Company receive proof satisfactory
         to them that the replaced Note is held by a bona fide purchaser; and

                  (3) on or after the maturity date or any redemption date or
         date for purchase of the Notes pursuant to an Offer to Purchase, those
         Notes payable or to be redeemed or purchased on that date for which the
         Trustee (or Paying Agent, other than the Company or an Affiliate of the
         Company) holds money sufficient to pay all amounts then due.

         (b) A Note does not cease to be outstanding because the Company or one
of its Affiliates holds the Note, provided that in determining whether the
Holders of the requisite principal amount of the outstanding Notes have given or
taken any request, demand, authorization, direction, notice, consent, waiver or
other action hereunder, Notes owned by the Company or any Affiliate of the
Company will be disregarded and deemed not to be outstanding (it being
understood that in determining whether the Trustee is protected in relying upon
any such request, demand, authorization, direction, notice, consent, waiver or
other action, only Notes which the Trustee knows to be so owned will be so
disregarded). Notes so owned which have been pledged in good faith may be
regarded as outstanding if the pledgee establishes to the satisfaction of the
Trustee the pledgee's right so to act with respect to such Notes and that the
pledgee is not the Company or any Affiliate of the Company.

         SECTION 2.06. Temporary Notes. Until definitive Notes are ready for
delivery, the Company may prepare and the Trustee will authenticate temporary
Notes. Temporary Notes will be substantially in the form of definitive Notes but
may have insertions, substitutions, omissions and other variations determined to

                                       31
<PAGE>

be appropriate by the Officer executing the temporary Notes, as evidenced by the
execution of the temporary Notes. If temporary Notes are issued, the Company
will cause definitive Notes to be prepared without unreasonable delay. After the
preparation of definitive Notes, the temporary Notes will be exchangeable for
definitive Notes upon surrender of the temporary Notes at the office or agency
of the Company designated for the purpose pursuant to Section 4.02, without
charge to the Holder. Upon surrender for cancellation of any temporary Notes the
Company will execute and the Trustee will authenticate and deliver in exchange
therefor a like principal amount of definitive Notes of authorized
denominations. Until so exchanged, the temporary Notes will be entitled to the
same benefits under the Indenture as definitive Notes.

         SECTION 2.07. Cancellation. The Company at any time may deliver to the
Trustee for cancellation any Notes previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever, and may
deliver to the Trustee for cancellation any Notes previously authenticated
hereunder which the Company has not issued and sold. The Company shall accompany
any written instructions for cancellation of any Notes with an Officers'
Certificate. Any Registrar or the Paying Agent will forward to the Trustee any
Notes surrendered to it for transfer, exchange or payment. The Trustee will
cancel all Notes surrendered for transfer, exchange, payment or cancellation and
dispose of them in accordance with its normal procedures or the written
instructions of the Company. The Company may not issue new Notes to replace
Notes it has paid in full or delivered to the Trustee for cancellation.

         SECTION 2.08. CUSIP and CINS Numbers. The Company in issuing the Notes
may use "CUSIP" and "CINS" numbers, and the Trustee will use CUSIP numbers or
CINS numbers in notices of redemption or exchange or in Offers to Purchase as a
convenience to Holders, the notice to state that no representation is made as to
the correctness of such numbers either as printed on the Notes or as contained
in any notice of redemption or exchange or Offer to Purchase. The Company will
promptly notify the Trustee of any change in the CUSIP or CINS numbers.

         SECTION 2.09. Registration, Transfer and Exchange. (a) The Notes will
be issued in registered form only, without coupons, and the Company shall cause
the Trustee to maintain a register (the "REGISTER") of the Notes, for
registering the record ownership of the Notes by the Holders and transfers and
exchanges of the Notes.

               (b)(1) Each Global Note will be registered in the name of the
         Depositary or its nominee and, so long as DTC is serving as the
         Depositary thereof, will bear the DTC Legend.

                                       32
<PAGE>

                  (2) Each Global Note will be delivered to the Trustee as
         custodian for the Depositary. Transfers of a Global Note (but not a
         beneficial interest therein) will be limited to transfers thereof in
         whole, but not in part, to the Depositary, its successors or their
         respective nominees, except (1) as set forth in Section 2.09(b)(4) and
         (2) transfers of portions thereof in the form of Certificated Notes may
         be made upon request of an Agent Member (for itself or on behalf of a
         beneficial owner) by written notice given to the Trustee by or on
         behalf of the Depositary in accordance with customary procedures of the
         Depositary and in compliance with this Section and Section 2.10.

                  (3) Agent Members will have no rights under the Indenture with
         respect to any Global Note held on their behalf by the Depositary, and
         the Depositary may be treated by the Company, the Trustee and any agent
         of the Company or the Trustee as the absolute owner and Holder of such
         Global Note for all purposes whatsoever. Notwithstanding the foregoing,
         the Depositary or its nominee may grant proxies and otherwise authorize
         any Person (including any Agent Member and any Person that holds a
         beneficial interest in a Global Note through an Agent Member) to take
         any action which a Holder is entitled to take under the Indenture or
         the Notes, and nothing herein will impair, as between the Depositary
         and its Agent Members, the operation of customary practices governing
         the exercise of the rights of a holder of any security.

                  (4) If (x) the Depositary notifies the Company that it is
         unwilling or unable to continue as Depositary for a Global Note and a
         successor depositary is not appointed by the Company within 90 days of
         the notice or (y) an Event of Default has occurred and is continuing
         and the Trustee has received a request from the Depositary, the Trustee
         will promptly exchange each beneficial interest in the Global Note for
         one or more Certificated Notes in authorized denominations having an
         equal aggregate principal amount registered in the name of the owner of
         such beneficial interest, as identified to the Trustee by the
         Depositary, and thereupon the Global Note will be deemed canceled. If
         such Note does not bear the Restricted Legend, then the Certificated
         Notes issued in exchange therefor will not bear the Restricted Legend.
         If such Note bears the Restricted Legend, then the Certificated Notes
         issued in exchange therefor will bear the Restricted Legend, provided
         that any Holder of any such Certificated Note issued in exchange for a
         beneficial interest in a Temporary Offshore Global Note will have the
         right upon presentation to the Trustee of a duly completed Certificate
         of Beneficial Ownership after the Restricted Period to exchange such
         Certificated Note for a Certificated Note of like tenor and amount that
         does not bear the Restricted Legend, registered in the name of such
         Holder.

                                       33
<PAGE>

         (c) Each Certificated Note will be registered in the name of the holder
thereof or its nominee.

         (d) A Holder may transfer a Note (or a beneficial interest therein) to
another Person or exchange a Note (or a beneficial interest therein) for another
Note or Notes of any authorized denomination by presenting to the Trustee a
written request therefor stating the name of the proposed transferee or
requesting such an exchange, accompanied by any certification, opinion or other
document required by Section 2.10. The Trustee will promptly register any
transfer or exchange that meets the requirements of this Section by noting the
same in the register maintained by the Trustee for the purpose; provided that

                  (x) no transfer or exchange will be effective until it is
         registered in such register and

                  (y) the Trustee will not be required (i) to issue, register
         the transfer of or exchange any Note for a period of 15 days before a
         selection of Notes to be redeemed or purchased pursuant to an Offer to
         Purchase, (ii) to register the transfer of or exchange any Note so
         selected for redemption or purchase in whole or in part, except, in the
         case of a partial redemption or purchase, that portion of any Note not
         being redeemed or purchased, or (iii) if a redemption or a purchase
         pursuant to an Offer to Purchase is to occur after a Regular Record
         Date but on or before the corresponding Interest Payment Date, to
         register the transfer of or exchange any Note on or after the Regular
         Record Date and before the date of redemption or purchase. Prior to the
         registration of any transfer, the Company, the Trustee and their agents
         will treat the Person in whose name the Note is registered as the owner
         and Holder thereof for all purposes (whether or not the Note is
         overdue), and will not be affected by notice to the contrary.

         From time to time the Company will execute and the Trustee will
authenticate additional Notes as necessary in order to permit the registration
of a transfer or exchange in accordance with this Section.

         No service charge will be imposed in connection with any transfer or
exchange of any Note, but the Company may require payment of a sum sufficient to
cover any transfer tax or similar governmental charge payable in connection
therewith (other than a transfer tax or other similar governmental charge
payable upon exchange pursuant to subsection (b)(4)).

                  (e) (1) Global Note to Global Note. If a beneficial interest
         in a Global Note is transferred or exchanged for a beneficial interest
         in another

                                       34
<PAGE>

         Global Note, the Trustee will (x) record a decrease in the principal
         amount of the Global Note being transferred or exchanged equal to the
         principal amount of such transfer or exchange and (y) record a like
         increase in the principal amount of the other Global Note. Any
         beneficial interest in one Global Note that is transferred to a Person
         who takes delivery in the form of an interest in another Global Note,
         or exchanged for an interest in another Global Note, will, upon
         transfer or exchange, cease to be an interest in such Global Note and
         become an interest in the other Global Note and, accordingly, will
         thereafter be subject to all transfer and exchange restrictions, if
         any, and other procedures applicable to beneficial interests in such
         other Global Note for as long as it remains such an interest.

                  (2) Global Note to Certificated Note. If a beneficial interest
         in a Global Note is transferred or exchanged for a Certificated Note,
         the Trustee will (x) record a decrease in the principal amount of such
         Global Note equal to the principal amount of such transfer or exchange
         and (y) deliver one or more new Certificated Notes in authorized
         denominations having an equal aggregate principal amount to the
         transferee (in the case of a transfer) or the owner of such beneficial
         interest (in the case of an exchange), registered in the name of such
         transferee or owner, as applicable.

                  (3) Certificated Note to Global Note. If a Certificated Note
         is transferred or exchanged for a beneficial interest in a Global Note,
         the Trustee will (x) cancel such Certificated Note, (y) record an
         increase in the principal amount of such Global Note equal to the
         principal amount of such transfer or exchange and (z) in the event that
         such transfer or exchange involves less than the entire principal
         amount of the canceled Certificated Note, deliver to the Holder thereof
         one or more new Certificated Notes in authorized denominations having
         an aggregate principal amount equal to the untransferred or unexchanged
         portion of the canceled Certificated Note, registered in the name of
         the Holder thereof.

                  (4) Certificated Note to Certificated Note. If a Certificated
         Note is transferred or exchanged for another Certificated Note, the
         Trustee will (x) cancel the Certificated Note being transferred or
         exchanged, (y) deliver one or more new Certificated Notes in authorized
         denominations having an aggregate principal amount equal to the
         principal amount of such transfer or exchange to the transferee (in the
         case of a transfer) or the Holder of the canceled Certificated Note (in
         the case of an exchange), registered in the name of such transferee or
         Holder, as applicable, and (z) if such transfer or exchange involves
         less than the entire principal amount of the canceled Certificated
         Note, deliver to the Holder thereof one or

                                       35
<PAGE>

         more Certificated Notes in authorized denominations having an aggregate
         principal amount equal to the untransferred or unexchanged portion of
         the canceled Certificated Note, registered in the name of the Holder
         thereof.

         SECTION 2.10. Restrictions on Transfer and Exchange. (a) The transfer
or exchange of any Note (or a beneficial interest therein) may only be made in
accordance with this Section and Section 2.09 and, in the case of a Global Note
(or a beneficial interest therein), the applicable rules and procedures of the
Depositary. The Trustee shall refuse to register any requested transfer or
exchange that does not comply with the preceding sentence.

         (b) Subject to paragraph (c), the transfer or exchange of any Note (or
a beneficial interest therein) of the type set forth in column A below for a
Note (or a beneficial interest therein) of the type set forth opposite in column
B below may only be made in compliance with the certification requirements (if
any) described in the clause of this paragraph set forth opposite in column C
below.

<Table>
<Caption>

       A                         B                           C
<S>                       <C>                               <C>
U.S. Global Note          U.S. Global Note                  (1)
U.S. Global Note          Offshore Global Note              (2)
U.S. Global Note          Certificated Note                 (3)
Offshore Global Note      U.S. Global Note                  (4)
Offshore Global Note      Offshore Global Note              (1)
Offshore Global Note      Certificated Note                 (5)
Certificated Note         U.S. Global Note                  (4)
Certificated Note         Offshore Global Note              (2)
Certificated Note         Certificated Note                 (3)
</Table>

                  (1) No certification is required.

                  (2) The Person requesting the transfer or exchange must
         deliver or cause to be delivered to the Trustee a duly completed
         Regulation S Certificate; provided that if the requested transfer or
         exchange is made by the Holder of a Certificated Note that does not
         bear the Restricted Legend, then no certification is required.

                  (3) The Person requesting the transfer or exchange must
         deliver or cause to be delivered to the Trustee (x) a duly completed
         Rule 144A Certificate, (y) a duly completed Regulation S Certificate or
         (z) a duly completed Institutional Accredited Investor Certificate,
         and/or an Opinion of Counsel and such other certifications and evidence
         as the Company may reasonably require in order to determine that the
         proposed transfer or exchange is being made in compliance with the
         Securities Act and any applicable securities laws of any state of the
         United States; provided that if

                                       36
<PAGE>

         the requested transfer or exchange is made by the Holder of a
         Certificated Note that does not bear the Restricted Legend, then no
         certification is required. In the event that (i) the requested transfer
         or exchange takes place after the Restricted Period and a duly
         completed Regulation S Certificate is delivered to the Trustee or (ii)
         a Certificated Note that does not bear the Restricted Legend is
         surrendered for transfer or exchange, upon transfer or exchange the
         Trustee will deliver a Certificated Note that does not bear the
         Restricted Legend.

                  (4) The Person requesting the transfer or exchange must
         deliver or cause to be delivered to the Trustee a duly completed Rule
         144A Certificate.

                  (5) Notwithstanding anything to the contrary contained herein,
         no such exchange is permitted if the requested exchange involves a
         beneficial interest in a Temporary Offshore Global Note. If the
         requested transfer involves a beneficial interest in a Temporary
         Offshore Global Note, the Person requesting the transfer must deliver
         or cause to be delivered to the Trustee (x) a duly completed Rule 144A
         Certificate or (y) a duly completed Institutional Accredited Investor
         Certificate and/or an Opinion of Counsel and such other certifications
         and evidence as the Company may reasonably require in order to
         determine that the proposed transfer is being made in compliance with
         the Securities Act and any applicable securities laws of any state of
         the United States. If the requested transfer or exchange involves a
         beneficial interest in a Permanent Offshore Global Note, no
         certification is required and the Trustee will deliver a Certificated
         Note that does not bear the Restricted Legend.

         (c) No certification is required in connection with any transfer of an
Exchange Note or exchange of any Note (or a beneficial interest therein)

                  (1) after such Note is eligible for resale pursuant to Rule
         144(k) under the Securities Act (or a successor provision); provided
         that the Company has provided the Trustee with an Officer's Certificate
         to that effect, and the Company may require from any Person requesting
         a transfer or exchange in reliance upon this clause (1) an opinion of
         counsel and any other reasonable certifications and evidence in order
         to support such certificate; or

               (2)(x) sold pursuant to an effective registration statement,
         pursuant to the Registration Rights Agreement or otherwise or (y) which
         is validly tendered for exchange into an Exchange Note pursuant to an
         Exchange Offer.

                                       37
<PAGE>

         Any Certificated Note delivered in reliance upon this paragraph will
not bear the Restricted Legend.

         (d) The Trustee will retain copies of all certificates, opinions and
other documents received in connection with the transfer or exchange of a Note
(or a beneficial interest therein), and the Company will have the right to
inspect and make copies thereof at any reasonable time upon written notice to
the Trustee.

         SECTION 2.11. Temporary Offshore Global Notes. (a) Each Note originally
sold by the Initial Purchasers in reliance upon Regulation S will be evidenced
by one or more Offshore Global Notes that bear the Temporary Offshore Global
Note Legend.

         (b) An owner of a beneficial interest in a Temporary Offshore Global
Note (or a Person acting on behalf of such an owner) may provide to the Trustee
(and the Trustee will accept) a duly completed Certificate of Beneficial
Ownership at any time after the Restricted Period (it being understood that the
Trustee will not accept any such certificate during the Restricted Period).
Promptly after acceptance of a Certificate of Beneficial Ownership with respect
to such a beneficial interest, the Trustee will cause such beneficial interest
to be exchanged for an equivalent beneficial interest in a Permanent Offshore
Global Note, and will (x) permanently reduce the principal amount of such
Temporary Offshore Global Note by the amount of such beneficial interest and (y)
increase the principal amount of such Permanent Offshore Global Note by the
amount of such beneficial interest.

         (c) Notwithstanding anything to the contrary contained herein,
beneficial interests in a Temporary Offshore Global Note may be held through the
Depositary only through Euroclear and Clearstream and their respective direct
and indirect participants.

         (d) Notwithstanding paragraph (b), if after the Restricted Period any
Initial Purchaser owns a beneficial interest in a Temporary Offshore Global
Note, such Initial Purchaser may, upon written request to the Trustee
accompanied by a certification as to its status as an Initial Purchaser,
exchange such beneficial interest for an equivalent beneficial interest in a
Permanent Offshore Global Note, and the Trustee will comply with such request
and will (x) permanently reduce the principal amount of such Temporary Offshore
Global Note by the amount of such beneficial interest and (y) increase the
principal amount of such Permanent Offshore Global Note by the amount of such
beneficial interest.

                                       38
<PAGE>

                                    ARTICLE 3
                          REDEMPTION; OFFER TO PURCHASE

         SECTION 3.01. Optional Redemption. At any time and from time to time on
or after June 15, 2007, the Company may redeem the Notes, in whole or in part,
at a redemption price equal to the percentage of principal amount set forth
below plus accrued and unpaid interest to the redemption date.

<Table>
<Caption>

            12-MONTH PERIOD COMMENCING
                      JUNE 15                       PERCENTAGE
                      IN YEAR
            --------------------------              ----------
            <S>                                     <C>
                 2007                                 104.063%
                 2008                                 102.708%
                 2009                                 101.354%
                 2010 and thereafter                  100.000%
</Table>

         SECTION 3.02. Redemption with Proceeds of Equity Offering. At any time
and from time to time prior to June 15, 2005, the Company may redeem Notes with
(in respect of the principal amount of such Notes) the net cash proceeds
received by the Company from any Equity Offering at a redemption price equal to
108.125% of the principal amount plus accrued and unpaid interest to the
redemption date, in an aggregate principal amount for all such redemptions not
to exceed 35% of the original aggregate principal amount of the Notes, including
Additional Notes, provided that

         (1) in each case the redemption takes place not later than 60 days
after the closing of the related Equity Offering, and

         (2) not less than $97.5 million principal amount of the Notes remains
outstanding immediately thereafter.

         SECTION 3.03. Method and Effect of Redemption. (a) If the Company
elects to redeem Notes, it must notify the Trustee of the redemption date and
the principal amount of Notes to be redeemed by delivering an Officers'
Certificate at least 60 days before the redemption date (unless a shorter period
is satisfactory to the Trustee). If fewer than all of the Notes are being
redeemed, the Officers' Certificate must also specify a record date not less
than 15 days after the date of the notice of redemption is given to the Trustee,
and the Trustee will select the Notes to be redeemed pro rata, by lot or by any
other method the Trustee in its sole discretion deems fair and appropriate, in
denominations of $1,000 principal amount and multiples thereof. The Trustee will
notify the Company promptly of the Notes or portions of Notes to be called for
redemption. Notice of redemption must be sent by the Company or at the Company's
written request, by the Trustee

                                       39
<PAGE>

in the name and at the expense of the Company, to Holders whose Notes are to be
redeemed at least 30 days but not more than 60 days before the redemption date.

         (b) The notice of redemption will identify the Notes to be redeemed and
will include or state the following:

                  (1) the redemption date;

                  (2) the redemption price, including the portion thereof
         representing any accrued interest;

                  (3) the place or places where Notes are to be surrendered for
         redemption;

                  (4) Notes called for redemption must be so surrendered in
         order to collect the redemption price;

                  (5) on the redemption date the redemption price will become
         due and payable on Notes called for redemption, and interest on Notes
         called for redemption will cease to accrue on and after the redemption
         date;

                  (6) if any Note is redeemed in part, on and after the
         redemption date, upon surrender of such Note, new Notes equal in
         principal amount to the unredeemed portion will be issued; and

                  (7) if any Note contains a CUSIP or CINS number, no
         representation is being made as to the correctness of the CUSIP or CINS
         number either as printed on the Notes or as contained in the notice of
         redemption and that the Holder should rely only on the other
         identification numbers printed on the Notes.

         (c) Once notice of redemption is sent to the Holders, Notes called for
redemption become due and payable at the redemption price on the redemption
date, and upon surrender of the Notes called for redemption, the Company shall
redeem such Notes at the redemption price. Commencing on the redemption date,
Notes redeemed will cease to accrue interest. Upon surrender of any Note
redeemed in part, the Holder will receive a new Note equal in principal amount
to the unredeemed portion of the surrendered Note.

         SECTION 3.04. Offer to Purchase. (a) An "OFFER TO PURCHASE" means an
offer by the Company to purchase Notes as required by the Indenture. An Offer to
Purchase must be made by written offer (the "OFFER") sent to the Holders. The
Company will notify the Trustee at least 15 days (or such shorter period as is
acceptable to the Trustee) prior to sending the offer to Holders of its
obligation to

                                       40
<PAGE>

make an Offer to Purchase, and the offer will be sent by the Company or, at the
Company's request, by the Trustee in the name and at the expense of the Company.

         (b) The offer must include or state the following as to the terms of
the Offer to Purchase:

                  (1) the provision of the Indenture pursuant to which the Offer
         to Purchase is being made;

                  (2) the aggregate principal amount of the outstanding Notes
         offered to be purchased by the Company pursuant to the Offer to
         Purchase (including, if less than 100%, the manner by which such amount
         has been determined pursuant to the Indenture) (the "PURCHASE AMOUNT");

                  (3) the purchase price, including the portion thereof
         representing accrued interest;

                  (4) an expiration date (the "EXPIRATION DATE") not less than
         30 days or more than 60 days after the date of the offer, and a
         settlement date for purchase (the "PURCHASE DATE") not more than five
         Business Days after the expiration date;

                  (5) information concerning the business of the Company and its
         Subsidiaries which the Company in good faith believes will enable the
         Holders to make an informed decision with respect to the Offer to
         Purchase, at a minimum to include

                           (A) the most recent annual and quarterly financial
                  statements and "Management's Discussion and Analysis of
                  Financial Condition and Results of Operations" for the
                  Company,

                           (B) a description of material developments in the
                  Company's business subsequent to the date of the latest of the
                  financial statements (including a description of the events
                  requiring the Company to make the Offer to Purchase), and

                           (C) if applicable, appropriate pro forma financial
                  information concerning the Offer to Purchase and the events
                  requiring the Company to make the Offer to Purchase;

                  (6) a Holder may tender all or any portion of its Notes,
         subject to the requirement that any portion of a Note tendered must be
         in a multiple of $1,000 principal amount;

                                       41
<PAGE>

                  (7) the place or places where Notes are to be surrendered for
         tender pursuant to the Offer to Purchase;

                  (8) each Holder electing to tender a Note pursuant to the
         offer will be required to surrender such Note at the place or places
         specified in the offer prior to the close of business on the expiration
         date (such Note being, if the Company or the Trustee so requires, duly
         endorsed or accompanied by a duly executed written instrument of
         transfer);

                  (9) interest on any Note not tendered, or tendered but not
         purchased by the Company pursuant to the Offer to Purchase, will
         continue to accrue;

                  (10) on the purchase date the purchase price will become due
         and payable on each Note accepted for purchase, and interest on Notes
         purchased will cease to accrue on and after the purchase date;

                  (11) Holders are entitled to withdraw Notes tendered by giving
         notice, which must be received by the Company or the Trustee not later
         than the close of business on the expiration date, setting forth the
         name of the Holder, the principal amount of the tendered Notes, the
         certificate number of the tendered Notes and a statement that the
         Holder is withdrawing all or a portion of the tender;

                  (12) (i) if Notes in an aggregate principal amount less than
         or equal to the purchase amount are duly tendered and not withdrawn
         pursuant to the Offer to Purchase, the Company will purchase all such
         Notes, and (ii) if the Offer to Purchase is for less than all of the
         outstanding Notes and Notes in an aggregate principal amount in excess
         of the purchase amount are tendered and not withdrawn pursuant to the
         offer, the Company will purchase Notes having an aggregate principal
         amount equal to the purchase amount on a pro rata basis, with
         adjustments so that only Notes in multiples of $1,000 principal amount
         will be purchased;

                  (13) if any Note is purchased in part, new Notes equal in
         principal amount to the unpurchased portion of the Note will be issued;
         and

                  (14) if any Note contains a CUSIP or CINS number, no
         representation is being made as to the correctness of the CUSIP or CINS
         number either as printed on the Notes or as contained in the offer and
         that the Holder should rely only on the other identification numbers
         printed on the Notes.

                                       42
<PAGE>

          (c) Prior to the purchase date, the Company will accept tendered Notes
for purchase as required by the Offer to Purchase and deliver to the Trustee all
Notes so accepted together with an Officers' Certificate specifying which Notes
have been accepted for purchase. On the purchase date the purchase price will
become due and payable on each Note accepted for purchase, and interest on Notes
purchased will cease to accrue on and after the purchase date. The Trustee will
promptly return to Holders any Notes not accepted for purchase and send to
Holders new Notes equal in principal amount to any unpurchased portion of any
Notes accepted for purchase in part.

          (d) The Company will comply with Rule 14e-1 under the Exchange Act and
all other applicable laws in making any Offer to Purchase, and the above
procedures will be deemed modified as necessary to permit such compliance.

                                    ARTICLE 4
                                    COVENANTS

         SECTION 4.01. Payment of Notes. (a) The Company agrees to pay the
principal of and interest on the Notes on the dates and in the manner provided
in the Notes and the Indenture. Not later than 9:00 A.M. (New York City time) on
the due date of any principal of or interest on any Notes, or any redemption or
purchase price of the Notes, the Company will deposit with the Trustee (or
Paying Agent) money in immediately available funds sufficient to pay such
amounts, provided that if the Company or any Affiliate of the Company is acting
as Paying Agent, it will, on or before each due date, segregate and hold in a
separate trust fund for the benefit of the Holders a sum of money sufficient to
pay such amounts until paid to such Holders or otherwise disposed of as provided
in the Indenture. In each case the Company will promptly notify the Trustee of
its compliance with this paragraph.

         (b) An installment of principal or interest will be considered paid on
the date due if the Trustee (or Paying Agent, other than the Company or any
Affiliate of the Company) holds on that date money designated for and sufficient
to pay the installment. If the Company or any Affiliate of the Company acts as
Paying Agent, an installment of principal or interest will be considered paid on
the due date only if paid to the Holders.

         (c) The Company agrees to pay interest on overdue principal, and
overdue installments of interest, at the rate per annum specified in the Notes.

         (d) Payments in respect of the Notes represented by the Global Notes
are to be made by wire transfer of immediately available funds to the accounts

                                       43
<PAGE>

specified by the Holders of the Global Notes. With respect to Certificated
Notes, the Company will make all payments by mailing a check to each Holder's
registered address provided that payment will be made by wire transfer of
immediately available funds to the accounts specified by each holder of at least
$1 million aggregate principal amount of notes in certificated form.

         SECTION 4.02. Maintenance of Office or Agency. The Company will
maintain in the Borough of Manhattan, the City of New York, an office or agency
where Notes may be surrendered for registration of transfer or exchange or for
presentation for payment and where notices and demands to or upon the Company in
respect of the Notes and the Indenture may be served. The Company hereby
initially designates the Corporate Trust Office of the Trustee as such office of
the Company. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any
time the Company fails to maintain any such required office or agency or fails
to furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served to the Trustee.

         The Company may also from time to time designate one or more other
offices or agencies where the Notes may be surrendered or presented for any of
such purposes and may from time to time rescind such designations. The Company
will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency.

         SECTION 4.03. Existence. The Company will do or cause to be done all
things necessary to preserve and keep in full force and effect its existence and
the existence of each of its Restricted Subsidiaries in accordance with their
respective organizational documents, and the material rights, licenses and
franchises of the Company and each Restricted Subsidiary, provided that the
Company is not required to preserve any such right, license or franchise, or the
existence of any Restricted Subsidiary, if the maintenance or preservation
thereof is no longer desirable in the conduct of the business of the Company and
its Restricted Subsidiaries taken as a whole; and provided further that this
Section does not prohibit any transaction otherwise permitted by Section 4.14,
5.01 or 5.02.

         SECTION 4.04. Payment of Taxes and Other Claims. The Company will pay
or discharge, and cause each of its Subsidiaries to pay or discharge before the
same become delinquent (i) all material taxes, assessments and governmental
charges levied or imposed upon the Company or any Subsidiary or its income or
profits or property, and (ii) all material lawful claims for labor, materials
and supplies that, if unpaid, might by law become a Lien upon the property of
the Company or any Subsidiary, other than any such tax, assessment, charge or
claim the amount, applicability or validity of which is being contested in good
faith by appropriate proceedings and for which adequate reserves have been
established.

                                       44
<PAGE>

         SECTION 4.05. Maintenance of Properties and Insurance. (a) The Company
will cause all properties used or useful in the conduct of its business or the
business of any of its Restricted Subsidiaries to be maintained and kept in good
condition, repair and working order as in the judgment of the Company may be
necessary so that the business of the Company and its Restricted Subsidiaries
may be properly and advantageously conducted at all times; provided that nothing
in this Section prevents the Company or any Restricted Subsidiary from
discontinuing the use, operation or maintenance of any of such properties or
disposing of any of them, if such discontinuance or disposal is, in the judgment
of the Company, desirable in the conduct of the business of the Company and its
Restricted Subsidiaries taken as a whole.

         (b) The Company will provide or cause to be provided, for itself and
its Restricted Subsidiaries, insurance (including appropriate self-insurance)
against loss or damage of the kinds customarily insured against by corporations
similarly situated and owning like properties, including, but not limited to,
products liability insurance and public liability insurance, with reputable
insurers, in such amounts, with such deductibles and by such methods as are
customary for corporations similarly situated in the industry in which the
Company and its Restricted Subsidiaries are then conducting business.

         SECTION 4.06. Limitation on Debt and Disqualified or Preferred Stock.
(a) The Company

                  (1) will not, and will not permit any of its Restricted
         Subsidiaries to, Incur any Debt; and

                  (2) will not, and will not permit any Restricted Subsidiary
         to, Incur any Disqualified Stock, and will not permit any of its
         Restricted Subsidiaries to Incur any Preferred Stock (other than
         Disqualified or Preferred Stock of Restricted Subsidiaries held by the
         Company or a Wholly-Owned Restricted Subsidiary, so long as it is so
         held);

provided that (A) the Company or any Guarantor may Incur Debt and the Company or
any Guarantor may Incur Disqualified Stock and any Guarantor may Incur Preferred
Stock if, on the date of the Incurrence, after giving effect to the Incurrence
and the receipt and application of the proceeds therefrom, the Fixed Charge
Coverage Ratio is not less than 2.25 to 1 and (B) any Foreign Restricted
Subsidiary may Incur Debt, Disqualified Stock or Preferred Stock if, on the date
of the Incurrence, after giving effect to the Incurrence and the receipt and
application of the proceeds therefrom, the Fixed Charge Coverage Ratio is not
less than 2.75 to 1.

                                       45
<PAGE>

         (b) Notwithstanding the foregoing, the Company and, to the extent
provided below, any Restricted Subsidiary may Incur the following ("PERMITTED
DEBT"):

                  (1) Debt ("PERMITTED BANK DEBT") of the Company or any
         Guarantor pursuant to the Credit Agreement, and Guarantees of such Debt
         by any Guarantor; provided that the aggregate principal amount at any
         time outstanding thereunder does not exceed the sum of (A) $200
         million, less any amount of such Debt permanently repaid as provided
         under Section 4.14 and (B) the greater of (i) $225 million and (ii) the
         sum of 85% of the book value of accounts receivable of the Company and
         its Restricted Subsidiaries and 50% of the book value of inventory of
         the Company and its Restricted Subsidiaries; provided, however, that
         the amount available to be Incurred in reliance upon this clause (1)
         shall be reduced by the amount of any outstanding Debt Incurred in
         reliance upon clause (10) below;

                  (2) Debt of the Company or any Restricted Subsidiary to the
         Company or any Wholly Owned Restricted Subsidiary so long as such Debt
         continues to be owed to the Company or a Wholly Owned Restricted
         Subsidiary and which is, if the obligor is the Company or a Guarantor,
         subordinated in right of payment to the Notes;

                  (3) Debt of the Company pursuant to the Notes (other than
         Additional Notes) and Debt of any Guarantor pursuant to a Note
         Guarantee of the Notes (including Additional Notes);

                  (4) Debt ("PERMITTED REFINANCING DEBT") constituting an
         extension or renewal of, replacement of, or substitution for, or issued
         in exchange for, or the net proceeds of which are used to repay,
         redeem, repurchase, refinance or refund, including by way of defeasance
         (all of the above, for purpose of this clause, "REFINANCE") then
         outstanding Debt in an amount not to exceed the principal amount of the
         Debt so refinanced, plus premiums, fees and expenses; provided that

                           (A) in case the Notes are refinanced in part or the
                  Debt to be refinanced is pari passu with the Notes, the new
                  Debt, by its terms or by the terms of any agreement or
                  instrument pursuant to which it is outstanding, is expressly
                  made pari passu with, or subordinate in right of payment to,
                  the remaining Notes,

                           (B) in case the Debt to be refinanced is subordinated
                  in right of payment to the Notes, the new Debt, by its terms
                  or by the terms of any agreement or instrument pursuant to
                  which it is

                                       46
<PAGE>

                  outstanding, is expressly made subordinate in right of payment
                  to the Notes at least to the extent that the Debt to be
                  refinanced is subordinated to the Notes,

                           (C) the new Debt does not have a Stated Maturity
                  prior to the Stated Maturity of the Debt to be refinanced, and
                  the Average Life of the new Debt is at least equal to the
                  remaining Average Life of the Debt to be refinanced,

                           (D) in no event may Debt of the Company or any
                  Guarantor be refinanced pursuant to this clause by means of
                  any Debt of any Restricted Subsidiary that is not a Guarantor,
                  and

                           (E) Debt Incurred pursuant to clauses (1), (2), (5),
                  (6), (10), (11) and (12) may not be refinanced pursuant to
                  this clause;

                  (5) Hedging Agreements of the Company or any Restricted
         Subsidiary relating to Debt permitted under the Indenture entered into
         in the ordinary course of business for the purpose of swapping fixed
         interest rates for floating interest rates or limiting risks associated
         with the business of the Company and its Restricted Subsidiaries and
         not for speculation;

                  (6) Debt of the Company or any Restricted Subsidiary with
         respect to letters of credit and bankers' acceptances issued in the
         ordinary course of business and not supporting Debt, including letters
         of credit supporting performance, surety or appeal bonds or
         indemnification, adjustment of purchase price or similar obligations
         incurred in connection with the acquisition or disposition of any
         business or assets;

                  (7) Acquired Debt, provided that after giving effect to the
         Incurrence thereof, the Company could Incur at least $1.00 of Debt
         under paragraph (a) above;

                  (8) Debt of the Company or any Restricted Subsidiary
         outstanding on the Issue Date (and, for purposes of clause (4) (E), not
         otherwise constituting Permitted Debt);

                  (9) Debt of the Company or any Restricted Subsidiary, which
         may include Capital Leases, Incurred on or after the Issue Date no
         later than 180 days after the date of purchase or completion of
         construction or improvement of real or personal property for the
         purpose of financing all or any part of the purchase price or cost of
         construction or improvement, provided that the principal amount of any
         Debt Incurred pursuant to this

                                       47
<PAGE>

         clause may not exceed (a) $15.0 million outstanding at any time less
         (b) the aggregate outstanding principal amount of Permitted Refinancing
         Debt Incurred to refinance Debt Incurred under this clause (9);

                  (10) Debt of Foreign Restricted Subsidiaries Incurred on or
         after the Issue Date in an aggregate principal amount not to exceed
         $30.0 million outstanding at any time;

                  (11) Guarantees by the Company or any Guarantor of any Debt of
         the Company or any Guarantor Incurred under any other clause of this
         covenant; and

                  (12) Debt of the Company or any Restricted Subsidiary not
         otherwise permitted in an aggregate principal amount at any time
         outstanding not to exceed $25.0 million.

         Each of the foregoing clauses (1) through (12) is independent and
Permitted Debt Incurred pursuant to one such clause will not, except as
specifically provided otherwise, be taken into consideration for purposes of
determining the amount of Permitted Debt that may be Incurred pursuant to
another clause.

         SECTION 4.07. Limitation on Restricted Payments. (a) The Company will
not, and will not permit any Restricted Subsidiary to, directly or indirectly
(the payments and other actions described in the following clauses being
collectively "RESTRICTED PAYMENTS"):

                  (i) declare or pay any dividend or make any distribution on
         its Equity Interests (other than dividends or distributions paid in the
         Company's Qualified Equity Interests) held by Persons other than the
         Company or any of its Wholly Owned Restricted Subsidiaries;

                  (ii) purchase, redeem or otherwise acquire or retire for value
         any Equity Interests of the Company or any Restricted Subsidiary held
         by Persons other than the Company or any of its Wholly Owned Restricted
         Subsidiaries;

                  (iii) repay, redeem, repurchase, defease or otherwise acquire
         or retire for value, or make any payment on or with respect to, any
         Debt pari passu with the Notes or Subordinated Debt except a payment of
         interest or principal at Stated Maturity and except as contemplated by
         Section 4.14; or

                  (iv) make any Investment other than a Permitted Investment;

                                       48
<PAGE>

unless, at the time of, and after giving effect to, the proposed Restricted
Payment:

                  (1) no Default has occurred and is continuing,

                  (2) the Company could Incur at least $1.00 of Debt under
         Section 4.06(a), and

                  (3) the aggregate amount expended for all Restricted Payments
         made on or after the Issue Date would not, subject to paragraph (c),
         exceed the sum of

                           (A) 50% of the aggregate amount of the Consolidated
                  Net Income (or, if the Consolidated Net Income is a loss,
                  minus 100% of the amount of the loss) accrued on a cumulative
                  basis during the period taken as one accounting period,
                  beginning on April 1, 2002 and ending on the last day of the
                  Company's most recently completed fiscal quarter for which
                  financial statements have been provided (or if not timely
                  provided, required to be provided) pursuant to the Indenture,
                  plus

                           (B) subject to paragraph (c), the aggregate net cash
                  proceeds received by the Company (other than from a
                  Subsidiary) after the Issue Date from the issuance and sale of
                  its Qualified Equity Interests, including by way of issuance
                  of its Disqualified Equity Interests or Debt to the extent
                  since converted into Qualified Equity Interests of the
                  Company, plus

                           (C) an amount equal to the sum, for all Unrestricted
                  Subsidiaries, of the following:

                                    (x) the cash return, after the Issue Date,
                           on Investments in an Unrestricted Subsidiary made
                           after the Issue Date pursuant to this paragraph (a)
                           as a result of any sale for cash, repayment,
                           redemption, liquidating distribution or other cash
                           realization (not included in Consolidated Net
                           Income), plus

                                    (y) the portion (proportionate to the
                           Company's equity interest in such Subsidiary) of the
                           fair market value of the assets less liabilities of
                           an Unrestricted Subsidiary at the time such
                           Unrestricted Subsidiary is designated a Restricted
                           Subsidiary,

                                       49
<PAGE>

                  not to exceed, in the case of any Unrestricted Subsidiary, the
                  amount of Investments made after the Issue Date by the Company
                  and its Restricted Subsidiaries in such Unrestricted
                  Subsidiary pursuant to this paragraph (a), plus

                           (D) the cash return, after the Issue Date, on any
                  other Investment made after the Issue Date pursuant to this
                  paragraph (a), as a result of any sale for cash, repayment,
                  redemption, liquidating distribution or other cash realization
                  (not included in Consolidated Net Income), not to exceed the
                  amount of such Investment so made.

         The amount expended in any Restricted Payment, if other than in cash,
will be deemed to be the fair market value of the relevant non-cash assets, as
determined in good faith by the Board of Directors, whose determination will be
conclusive and evidenced by a Board Resolution.

         (b) The foregoing will not prohibit:

                  (1) the payment of any dividend within 60 days after the date
         of declaration thereof if, at the date of declaration, such payment
         would comply with paragraph (a);

                  (2) dividends or distributions by a Restricted Subsidiary
         payable, on a pro rata basis or on a basis more favorable to the
         Company, to all holders of any class of Capital Stock of such
         Restricted Subsidiary a majority of which is held, directly or
         indirectly through Restricted Subsidiaries, by the Company;

                  (3) the repayment, redemption, repurchase, defeasance or other
         acquisition or retirement for value of Subordinated Debt with the
         proceeds of, or in exchange for, Permitted Refinancing Debt;

                  (4) the purchase, redemption or other acquisition or
         retirement for value of Equity Interests of the Company or any
         Restricted Subsidiary in exchange for, or out of the proceeds of a
         substantially concurrent offering of, Qualified Equity Interests of the
         Company;

                  (5) the repayment, redemption, repurchase, defeasance or other
         acquisition or retirement of Subordinated Debt of the Company in
         exchange for, or out of the proceeds of, a substantially concurrent
         offering of, Qualified Equity Interests of the Company;

                                       50
<PAGE>

                  (6) the purchase, redemption or other acquisition or
         retirement for value of Equity Interests of the Company held by
         officers, directors or employees or former officers, directors or
         employees (or their estates or beneficiaries under their estates), upon
         death, disability, retirement, severance or termination of employment
         or pursuant to any agreement under which the Equity Interests were
         issued; provided that the aggregate cash consideration paid therefor
         after the Issue Date does not exceed an aggregate amount of $10.0
         million;

                  (7) the repurchase of any Subordinated Debt at a purchase
         price not greater than 101% of the principal amount thereof in the
         event of (x) a change of control pursuant to a provision no more
         favorable to the holders thereof than the provision contained in
         Section 4.13 or (y) an Asset Sale pursuant to a provision no more
         favorable to the holders thereof than the provision contained in
         Section 4.14, provided that, in each case, prior to the repurchase the
         Company has made an Offer to Purchase and repurchased all Notes issued
         under the Indenture that were validly tendered for payment in
         connection with the Offer to Purchase;

                  (8) sales of accounts receivable to a Securitization
         Subsidiary as part of a Permitted Receivables Financing; and

                  (9) any other Restricted Payment which, together with all
         other Restricted Payments made pursuant to this clause (9) on or after
         the Issue Date, does not exceed $25.0 million

provided that, in the case of clauses (6) through (9) no Default has occurred
and is continuing or would occur as a result thereof.

         (c) Proceeds of the issuance of Qualified Equity Interests will be
included under clause (3) of paragraph (a) only to the extent they are not
applied as described in clause (4) or (5) of paragraph (b). Restricted Payments
permitted pursuant to clause (3), (4), (5) or (7) will not be included in making
the calculations under clause (3) of paragraph (a).

         SECTION 4.08. Limitation on Liens. The Company will not, and will not
permit any Restricted Subsidiary to, directly or indirectly, incur or permit to
exist any Lien of any nature whatsoever on any of its properties or assets,
whether owned at the Issue Date or thereafter acquired, to secure Debt or other
obligations that are pari passu with or subordinated in right of payment to the
Notes or the Note Guarantees other than Permitted Liens, without effectively
providing that the Notes are secured equally and ratably with (or, if the
obligation to be secured by the Lien is subordinated in right of payment to the
Notes or any Note Guaranty, prior to) the obligations so secured for so long as
such obligations are so secured.

                                       51
<PAGE>

         SECTION 4.09. Limitation on Sale and Leaseback Transactions. The
Company will not, and will not permit any Restricted Subsidiary to, enter into
any Sale and Leaseback Transaction with respect to any property or asset unless

                  (1) the Company or the Restricted Subsidiary would be entitled
         to

                           (A) Incur Debt in an amount equal to the Attributable
                  Debt with respect to such Sale and Leaseback Transaction
                  pursuant to Section 4.06, and

                           (B) create a Lien on such property or asset securing
                  such Attributable Debt without equally and ratably securing
                  the Notes pursuant to Section 4.08,

         in which case, the corresponding Debt and Lien will be deemed incurred
         pursuant to those provisions, and

                  (2) the Company complies with Section 4.14 in respect of such
         transaction.

         SECTION 4.10. Limitation on Dividend and Other Payment Restrictions
Affecting Restricted Subsidiaries. (a) Except as provided in paragraph (b), the
Company will not, and will not permit any Restricted Subsidiary to, create or
otherwise cause or permit to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any Restricted
Subsidiary to

                  (1) pay dividends or make any other distributions on any
         Equity Interests of the Restricted Subsidiary owned by the Company or
         any other Restricted Subsidiary,

                  (2) pay any Debt or other obligation owed to the Company or
         any other Restricted Subsidiary,

                  (3) make loans or advances to the Company or any other
         Restricted Subsidiary, or

                  (4) transfer any of its property or assets to the Company or
         any other Restricted Subsidiary.

         (b) The provisions of paragraph (a) do not apply to any encumbrances or
restrictions

                                       52
<PAGE>

                  (1) existing on the Issue Date in the Credit Agreement, the
         Indenture or any other agreements in effect on the Issue Date, and any
         extensions, renewals, replacements or refinancings of any of the
         foregoing; provided the encumbrances and restrictions in the extension,
         renewal, replacement or refinancing are, taken as a whole, no less
         favorable in any material respect to the Noteholders than the
         encumbrances or restrictions being extended, renewed, replaced or
         refinanced;

                  (2) existing under or by reason of applicable law;

                  (3) existing

                           (A) with respect to any Person, or to the property or
                  assets of any Person, at the time the Person is acquired by
                  the Company or any Restricted Subsidiary, or

                           (B) with respect to any Unrestricted Subsidiary at
                  the time it is designated or is deemed to become a Restricted
                  Subsidiary,

                  which encumbrances or restrictions (i) are not applicable to
                  any other Person or the property or assets of any other Person
                  and (ii) were not put in place in anticipation of such event,
                  and any extensions, renewals, replacements or refinancings of
                  any of the foregoing, provided the encumbrances and
                  restrictions in the extension, renewal, replacement or
                  refinancing are, taken as a whole, no less favorable in any
                  material respect to the Noteholders than the encumbrances or
                  restrictions being extended, renewed, replaced or refinanced;

                  (4) of the type described in clause (a)(4) arising or agreed
         to in the ordinary course of business (i) that restrict in a customary
         manner the subletting, assignment or transfer of any property or asset
         that is subject to a lease or license or (ii) by virtue of any Lien on,
         or agreement to transfer, option or similar right with respect to any
         property or assets of, the Company or any Restricted Subsidiary;

                  (5) with respect to a Restricted Subsidiary and imposed
         pursuant to an agreement that has been entered into for the sale or
         disposition of all or substantially all of the Capital Stock of, or
         property and assets of, the Restricted Subsidiary that is permitted by
         Sections 4.11 and 4.14;

                  (6) contained in the terms governing any Debt if (as
         determined in good faith by the Board of Directors) (i) the
         encumbrances or restrictions are ordinary and customary for a financing
         of that type and (ii)

                                       53
<PAGE>

         the encumbrances or restrictions either (x) would not, at the time
         agreed to, be expected to materially adversely affect the ability of
         the Company to make payments on the Notes or (y) in the case of any
         Permitted Refinancing Debt, are, taken as a whole, no less favorable in
         any material respect to the Noteholders than those contained in the
         agreements governing the Debt being refinanced; or

                  (7) required pursuant to clause (b)(2) under Section 4.06.

         SECTION 4.11. Limitation on Sale or Issuance of Equity Interests of
Restricted Subsidiaries. The Company will not, and will not permit any
Restricted Subsidiary to, directly or indirectly, sell or issue any Equity
Interests of a Restricted Subsidiary unless

                  (1) the sale or issuance is to the Company or a Wholly Owned
         Restricted Subsidiary,

                  (2) the sale or issuance is of Capital Stock representing
         directors' qualifying shares or Capital Stock required by applicable
         law to be held by a Person other than the Company or a Restricted
         Subsidiary,

                  (3) the sale or issuance is an Incurrence of Disqualified or
         Preferred Stock of a Restricted Subsidiary permitted by Section 4.06,
         or

                  (4) (i) if, after giving effect to the sale or issuance, the
         Restricted Subsidiary would no longer be a Restricted Subsidiary, all
         remaining Investments of the Company and the Restricted Subsidiaries in
         such Person (valued at an amount equal to the Company's remaining
         proportional share of the fair market value of such Person's assets
         less liabilities), if deemed made at that time, would be permitted
         under Section 4.07 and (ii) the Company complies with Section 4.14 with
         respect to the sale or issuance.

         SECTION 4.12. Guarantees by Restricted Subsidiaries. If the Company or
any of its Restricted Subsidiaries acquires or creates a Domestic Restricted
Subsidiary after the date of the Indenture, the new Restricted Subsidiary must
provide a Note Guarantee.

         A Restricted Subsidiary required to provide a Note Guarantee shall
execute a supplemental indenture in the form of Exhibit B, and deliver an
Opinion of Counsel to the Trustee to the effect that the supplemental indenture
has been duly authorized, executed and delivered by the Restricted Subsidiary
and constitutes a valid and binding obligation of the Restricted Subsidiary,
enforceable

                                       54
<PAGE>

against the Restricted Subsidiary in accordance with its terms (subject to
customary exceptions).

         SECTION 4.13. Repurchase of Notes upon a Change of Control. (a) Not
later than 30 days following a Change of Control, the Company will make an Offer
to Purchase all outstanding Notes at a purchase price equal to 101% of the
principal amount plus accrued interest to the date of purchase.

         SECTION 4.14. Limitation on Asset Sales. (a) The Company will not, and
will not permit any Restricted Subsidiary to, make any Asset Sale unless the
following conditions are met:

                  (1) The Asset Sale is for fair market value, as determined in
         good faith by the Board of Directors.

                  (2) At least 75% of the consideration consists of cash
         received at closing or of all or substantially all of the assets of a
         Permitted Business, or a majority of the Voting Stock of another Person
         that thereupon becomes a Restricted Subsidiary engaged in a Permitted
         Business, or long-term assets that are to be used in a Permitted
         Business. (For purposes of this clause (2), the assumption by the
         purchaser of Debt or other obligations (other than Subordinated Debt)
         of the Company or a Restricted Subsidiary pursuant to a customary
         novation agreement, and instruments or securities received from the
         purchaser that are promptly, but in any event within 30 days of the
         closing, converted by the Company to cash, to the extent of the cash
         actually so received, shall be considered cash received at closing.)

                  (3) Within 365 days after the receipt of any Net Cash Proceeds
         from an Asset Sale, the Net Cash Proceeds may be used

                           (A) to permanently repay Senior Debt of the Company
                  or a Guarantor or any Debt of a Restricted Subsidiary that is
                  not a Guarantor (and in the case of a revolving credit,
                  permanently reduce the commitment thereunder by such amount),
                  in each case owing to a Person other than the Company or any
                  Restricted Subsidiary, or

                           (B) to acquire all or substantially all of the assets
                  of a Permitted Business, or a majority of the Voting Stock of
                  another Person that thereupon becomes a Restricted Subsidiary
                  engaged in a Permitted Business, or to make capital
                  expenditures or otherwise acquire long-term assets that are to
                  be used in a Permitted Business.

                                       55
<PAGE>

                  (4) The Net Cash Proceeds of an Asset Sale not applied
         pursuant to clause (3) within 365 days of the Asset Sale constitute
         "EXCESS PROCEEDS." Excess Proceeds of less than $10.0 million will be
         carried forward and accumulated. When accumulated Excess Proceeds
         equals or exceeds $10.0 million, the Company must, within 30 days, make
         an Offer to Purchase Notes having a principal amount equal to

                           (A) accumulated Excess Proceeds, multiplied by

                           (B) a fraction (x) the numerator of which is equal to
                  the outstanding principal amount of the Notes and (y) the
                  denominator of which is equal to the outstanding principal
                  amount of the Notes and all pari passu Debt similarly required
                  to be repaid, redeemed or tendered for in connection with the
                  Asset Sale,

         rounded down to the nearest $1,000. The purchase price for the Notes
         will be 100% of the principal amount plus accrued interest to the date
         of purchase. Upon completion of the Offer to Purchase, Excess Proceeds
         will be reset at zero.

         SECTION 4.15. Limitation on Accounts Receivable Facilities. The Company
and its Restricted Subsidiaries may sell, transfer or otherwise dispose of
accounts receivable to a Securitization Subsidiary; provided that: (1) the sale,
transfer or other disposition is in connection with a Permitted Receivables
Financing; and (2) the aggregate consideration received in each such sale,
transfer or other disposition is at least equal to the fair market value of the
receivables sold.

         SECTION 4.16. Limitation on Transactions with Shareholders and
Affiliates. (a) The Company will not, and will not permit any Restricted
Subsidiary to, directly or indirectly, enter into, renew or extend any
transaction or arrangement (including, without limitation, the purchase, sale,
lease or exchange of property or assets, or the rendering of any service) with
(x) any holder, or any Affiliate of any holder, of 5% or more of any class of
Capital Stock of the Company or (y) any Affiliate of the Company or any
Restricted Subsidiary (a "RELATED PARTY TRANSACTION"), except upon fair and
reasonable terms no less favorable to the Company or the Restricted Subsidiary
than could be obtained in a comparable arm's-length transaction with a Person
that is not an Affiliate of the Company.

         (b) Any Related Party Transaction or series of Related Party
Transactions with an aggregate value in excess of $2.0 million must first be
approved by a majority of the Board of Directors who are disinterested in the

                                       56
<PAGE>

subject matter of the transaction pursuant to a Board Resolution delivered to
the Trustee. Prior to entering into any Related Party Transaction or series of
Related Party Transactions with an aggregate value in excess of $10.0 million,
the Company must in addition obtain and deliver to the Trustee a favorable
written opinion from a nationally recognized investment banking firm as to the
fairness of the transaction to the Company and its Restricted Subsidiaries from
a financial point of view.

         (c) The foregoing paragraphs do not apply to

                  (1) any transaction between the Company and any of its Wholly
         Owned Restricted Subsidiaries or between Wholly Owned Restricted
         Subsidiaries of the Company;

                  (2) the payment of reasonable and customary regular fees to
         directors of the Company who are not employees of the Company;

                  (3) any Restricted Payments of a type described in paragraphs
         (a)(i) and (a)(ii) under Section 4.07 if permitted by that covenant;

                  (4) transactions or payments pursuant to any employee, officer
         or director compensation or benefit plans or arrangements entered into
         in the ordinary course of business; and

                  (5) sales of accounts receivable to a Securitization
         Subsidiary as part of a Permitted Receivables Financing.

         SECTION 4.17. Line of Business. The Company will not, and will not
permit any of its Restricted Subsidiaries, to engage in any business other than
a Permitted Business, except to an extent that so doing would not be material to
the Company and its Restricted Subsidiaries, taken as a whole.

         SECTION 4.18. Designation of Restricted and Unrestricted Subsidiaries .
(a) The Board of Directors may designate any Subsidiary, including a newly
acquired or created Subsidiary, to be an Unrestricted Subsidiary if it meets the
following qualifications and the designation would not cause a Default.

                  (1) Such Subsidiary does not own any Capital Stock of the
         Company or any Restricted Subsidiary or hold any Debt of, or any Lien
         on any property of, the Company or any Restricted Subsidiary.

                  (2) At the time of designation, the designation would be
         permitted under Section 4.07.

                                       57
<PAGE>

                  (3) To the extent the Debt of the Subsidiary is not
         Non-Recourse Debt, any Guarantee or other credit support thereof by the
         Company or any Restricted Subsidiary is permitted under Sections 4.06
         and 4.07.

                  (4) The Subsidiary is not party to any transaction or
         arrangement with the Company or any Restricted Subsidiary that would
         not be permitted under Section 4.16.

                  (5) Neither the Company nor any Restricted Subsidiary has any
         obligation to subscribe for additional Equity Interests of the
         Subsidiary or to maintain or preserve its financial condition or cause
         it to achieve specified levels of operating results except to the
         extent permitted by Section 4.06 and 4.07.

Once so designated the Subsidiary will remain an Unrestricted Subsidiary,
subject to paragraph (b).

         (b)(1) A Subsidiary previously designated an Unrestricted Subsidiary
which at any time fails to meet the qualifications set forth in paragraph (a)
will be deemed to become at that time a Restricted Subsidiary, subject to the
consequences set forth in paragraph (d).

                  (2) The Board of Directors may designate an Unrestricted
         Subsidiary to be a Restricted Subsidiary if the designation would not
         cause a Default.

         (c) Upon a Restricted Subsidiary becoming an Unrestricted Subsidiary,

                  (1) all existing Investments of the Company and the Restricted
         Subsidiaries therein (valued at the Company's proportional share of the
         fair market value of its assets less liabilities) will be deemed made
         at that time;

                  (2) all existing Capital Stock or Debt of the Company or a
         Restricted Subsidiary held by it will be deemed Incurred at that time,
         and all Liens on property of the Company or a Restricted Subsidiary
         held by it will be deemed incurred at that time;

                  (3) all existing transactions between it and the Company or
         any Restricted Subsidiary will be deemed entered into at that time;

                  (4) it is released at that time from its Note Guaranty, if
         any; and

                                       58
<PAGE>

                  (5) it will cease to be subject to the provisions of the
         Indenture as a Restricted Subsidiary.

         (d) Upon an Unrestricted Subsidiary becoming, or being deemed to
become, a Restricted Subsidiary,

                  (1) all of its Debt and Disqualified or Preferred Stock will
         be deemed Incurred at that time for purposes of Section 4.06, but will
         not be considered the sale or issuance of Equity Interests for purposes
         of Section 4.11 or 4.14;

                  (2) Investments therein previously charged under Section 4.07
         will be credited thereunder;

                  (3) it may be required to issue a Note Guarantee of the Notes
         pursuant to 4.12; and

                  (4) it will thenceforward be subject to the provisions of the
         Indenture as a Restricted Subsidiary.

         (e) Any designation by the Board of Directors of a Subsidiary as a
Restricted Subsidiary or Unrestricted Subsidiary will be evidenced to the
Trustee by promptly filing with the Trustee a copy of the Board Resolution
giving effect to the designation and an Officers' Certificate certifying that
the designation complied with the foregoing provisions.

         SECTION 4.19. Anti-Layering. Neither the Company nor any Guarantor may
Incur Debt that is subordinate in right of payment to Senior Debt of the Company
or the Guarantor unless such Debt is pari passu with, or subordinated in right
of payment to, the Notes or the relevant Note Guarantee. This does not apply to
distinctions between categories of Debt that exist by reason of any Liens or
Guarantees securing or in favor of some but not all of such Debt.

         SECTION 4.20. Financial Reports. (a) Whether or not the Company is
subject to the reporting requirements of Section 13 or 15(d) of the Exchange
Act, the Company must provide or otherwise make available (including by way of
the Securities and Exchange Commission's "EDGAR" system) the Trustee and
Noteholders within the time periods specified in those sections with

                  (1) all quarterly and annual financial information that would
         be required to be contained in a filing with the Commission on Forms
         10-Q and 10-K if the Company were required to file such forms,
         including a "Management's Discussion and Analysis of Financial
         Condition and

                                       59
<PAGE>

         Results of Operations" and, with respect to annual information
         only, a report thereon by the Company's certified independent
         accountants, and

                  (2) all current reports that would be required to be filed
         with the Commission on Form 8-K if the Company were required to file
         such reports.

         In addition, whether or not required by the Commission, the Company
will, after the effectiveness of an Exchange Offer Registration Statement or
Shelf Registration Statement, if the Commission will accept the filing, file a
copy of all of the information and reports referred to in clauses (1) and (2)
with the Commission for public availability within the time periods specified in
the Commission's rules and regulations.

         (b) For so long as any of the Notes remain outstanding and constitute
"restricted securities" under Rule 144, the Company will furnish to the Holders
of the Notes and prospective investors, upon their request, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

         (c) All obligors on the Notes will comply with Section 314(a) of the
Trust Indenture Act.

         (d) Delivery of these reports and information to the Trustee is for
informational purposes only and the Trustee's receipt of them will not
constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers' Certificates).

         SECTION 4.21. Reports to Trustee. (a) The Company will deliver to the
Trustee within 120 days after the end of each fiscal year a certificate from the
principal executive, financial or accounting officer of the Company stating that
the officer has conducted or supervised a review of the activities of the
Company and its Restricted Subsidiaries and their performance under the
Indenture and that, based upon such review, the Company has fulfilled its
obligations hereunder or, if there has been a Default, specifying the Default
and its nature and status.

         (b) The Company will deliver to the Trustee, as soon as possible and in
any event within 30 days after the Company becomes aware of the occurrence of a
Default, an Officers' Certificate setting forth the details of the Default, and
the action which the Company proposes to take with respect thereto.

         (c) The Company will deliver to the Trustee within 120 days after the
end of each fiscal year of the Company a written statement by the Company's

                                       60
<PAGE>

independent public accountants stating whether, in connection with their audit
examination, any Default has come to their attention and, if a Default has come
to their attention, specifying the nature and period of the existence thereof.

         (d) The Company will notify the Trustee in writing when any Notes are
listed on any national securities exchange and of any delisting.

                                    ARTICLE 5
                     CONSOLIDATION, MERGER OR SALE OF ASSETS

         SECTION 5.01. Consolidation, Merger or Sale of Assets by the Company;
No Lease of All or Substantially All Assets. (a) The Company will not

                  (i) consolidate with or merge with or into any Person, or

                  (ii) sell, convey, transfer, or otherwise dispose of all or
         substantially all of its assets as an entirety or substantially an
         entirety, in one transaction or a series of related transactions, to
         any Person or

                  (iii) permit any Person to merge with or into the Company

         unless

                           (1) either (x) the Company is the continuing Person
                  or (y) the resulting, surviving or transferee Person is a
                  corporation organized and validly existing under the laws of
                  the United States of America or any jurisdiction thereof and
                  expressly assumes by supplemental indenture all of the
                  obligations of the Company under the Indenture and the Notes
                  and the Registration Rights Agreement;

                           (2) immediately after giving effect to the
                  transaction, no Default has occurred and is continuing;

                           (3) immediately after giving effect to the
                  transaction on a pro forma basis, the Company or the resulting
                  surviving or transferee Person could Incur at least $1.00 of
                  Debt under Section 4.06(a); and

                           (4) the Company delivers to the Trustee an Officers'
                  Certificate and an Opinion of Counsel, each stating that the

                                       61
<PAGE>

                  consolidation, merger or transfer and the supplemental
                  indenture (if any) comply with the Indenture;

provided that clauses (2) and (3) do not apply (i) to the consolidation or
merger of the Company with or into a Wholly Owned Restricted Subsidiary or the
consolidation or merger of a Wholly Owned Restricted Subsidiary with or into the
Company or (ii) if, in the good faith determination of the Board of Directors of
the Company, whose determination is evidenced by a Board Resolution, the sole
purpose of the transaction is to change the jurisdiction of incorporation of the
Company.

         (b) The Company shall not lease all or substantially all of its assets,
whether in one transaction or a series of transactions, to one or more other
Persons.

         (c) Upon the consummation of any transaction effected in accordance
with these provisions, if the Company is not the continuing Person, the
resulting, surviving or transferee Person will succeed to, and be substituted
for, and may exercise every right and power of, the Company under the Indenture
and the Notes with the same effect as if such successor Person had been named as
the Company in the Indenture. Upon such substitution, unless the successor is
one or more of the Company's Subsidiaries, the Company will be released from its
obligations under the Indenture and the Notes.

         SECTION 5.02. Consolidation, Merger or Sale of Assets by a Guarantor .
(a) No Guarantor may

                  (i) consolidate with or merge with or into any Person, or

                  (ii) sell, convey, transfer or dispose of, all or
         substantially all its assets as an entirety or substantially as an
         entirety, in one transaction or a series of related transactions, to
         any Person, or

                  (iii) permit any Person to merge with or into the Guarantor

         unless

                           (A) the other Person is the Company or any Wholly
                  Owned Restricted Subsidiary that is a Guarantor or becomes a
                  Guarantor concurrently with the transaction; or

                           (B) (1) either (x) the Guarantor is the continuing
                  Person or (y) the resulting, surviving or transferee Person

                                       62
<PAGE>

                  expressly assumes by supplemental indenture all of the
                  obligations of the Guarantor under its Note Guarantee; and

                                    (2) immediately after giving effect to the
                           transaction, no Default has occurred and is
                           continuing; or

                           (C) the transaction constitutes a sale or other
                  disposition (including by way of consolidation or merger) of
                  the Guarantor or the sale or disposition of all or
                  substantially all the assets of the Guarantor (in each case
                  other than to the Company or a Domestic Restricted Subsidiary)
                  otherwise permitted by the Indenture.

                                    ARTICLE 6
                              DEFAULT AND REMEDIES

         SECTION 6.01. Events of Default. An "EVENT OF DEFAULT" occurs if

                  (1) the Company defaults in the payment of the principal of
         any Note when the same becomes due and payable at maturity, upon
         acceleration or redemption, or otherwise (other than pursuant to an
         Offer to Purchase), whether or not the payment is prohibited by Article
         10;

                  (2) the Company defaults in the payment of interest (including
         any Additional Interest) on any Note when the same becomes due and
         payable, and the default continues for a period of 30 days, whether or
         not the payment is prohibited by Article 10;

                  (3) the Company fails to make an Offer to Purchase and
         thereafter accept and pay for Notes tendered when and as required
         pursuant to Section 4.13 or 4.14, or the Company or any Guarantor fails
         to comply with Section 5.01 or 5.02;

                  (4) the Company defaults in the performance of or breaches any
         other covenant or agreement of the Company in the Indenture or under
         the Notes and the default or breach continues for a period of 30
         consecutive days after written notice to the Company by the Trustee or
         to the Company and the Trustee by the Holders of 25% or more in
         aggregate principal amount of the Notes;

                  (5) there occurs with respect to any Debt of the Company, any
         Guarantor or any Significant Restricted Subsidiary having an
         outstanding principal amount of $10.0 million or more in the aggregate
         for all such

                                       63
<PAGE>

         Debt of all such Persons (i) an event of default that has caused the
         holder thereof to declare such Debt to be due and payable prior to its
         scheduled maturity or (ii) a failure to make a principal payment when
         due at the final scheduled maturity thereof and such defaulted payment
         is not made, waived or extended within the applicable grace period;

                  (6) one or more final judgments or orders for the payment of
         money are rendered against the Company, any Guarantor or any
         Significant Restricted Subsidiary and are not paid or discharged, and
         there is a period of 60 consecutive days following entry of the final
         judgment or order that causes the aggregate amount for all such final
         judgments or orders outstanding and not paid or discharged against all
         such Persons to exceed $10.0 million (in excess of amounts which the
         Company's insurance carriers have agreed to pay under applicable
         policies) during which a stay of enforcement, by reason of a pending
         appeal or otherwise, is not in effect;

                  (7) an involuntary case or other proceeding is commenced
         against the Company, any Guarantor or any Significant Restricted
         Subsidiary with respect to it or its debts under any bankruptcy,
         insolvency or other similar law now or hereafter in effect seeking the
         appointment of a trustee, receiver, liquidator, custodian or other
         similar official of it or any substantial part of its property, and
         such involuntary case or other proceeding remains undismissed and
         unstayed for a period of 60 days; or an order for relief is entered
         against the Company or any Restricted Subsidiary under the federal
         bankruptcy laws as now or hereafter in effect;

                  (8) the Company, any Guarantor or any Significant Restricted
         Subsidiary (i) commences a voluntary case under any applicable
         bankruptcy, insolvency or other similar law now or hereafter in effect,
         or consents to the entry of an order for relief in an involuntary case
         under any such law, (ii) consents to the appointment of or taking
         possession by a receiver, liquidator, assignee, custodian, trustee,
         sequestrator or similar official of the Company or any of its
         Restricted Subsidiaries or for all or substantially all of the property
         and assets of the Company or any of its Restricted Subsidiaries or
         (iii) effects any general assignment for the benefit of creditors (an
         event of default specified in clause (7) or (8) a "BANKRUPTCY
         DEFAULT"); or

                  (9) any Note Guarantee ceases to be in full force and effect,
         other than in accordance the terms of the Indenture, or a Guarantor
         denies or disaffirms its obligations under its Note Guarantee.

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         SECTION 6.02. Acceleration. (a) If an Event of Default, other than a
bankruptcy default with respect to the Company, occurs and is continuing under
the Indenture, the Trustee or the Holders of at least 25% in aggregate principal
amount of the Notes then outstanding, by written notice to the Company (and to
the Trustee if the notice is given by the Holders), may, and the Trustee at the
request of such Holders shall, declare the principal of and accrued interest on
the Notes to be immediately due and payable. Upon a declaration of acceleration,
such principal and interest will become due and payable upon the earlier to
occur of (x) the 10th day after notice thereof has been given to holders of
Designated Senior Debt and (y) the date on which all of the Designated Senior
Debt has been accelerated. If a bankruptcy default occurs with respect to the
Company, the principal of and accrued interest on the Notes then outstanding
will become immediately due and payable without any declaration or other act on
the part of the Trustee or any Holder. The Company or the Trustee will promptly
notify the holders of Designated Senior Debt of any declaration of acceleration
of the Notes.

         (b) The Holders of a majority in principal amount of the outstanding
Notes by written notice to the Company and to the Trustee may waive all past
defaults and rescind and annul a declaration of acceleration and its
consequences if

                  (1) all existing Events of Default, other than the nonpayment
         of the principal of, premium, if any, and interest on the Notes that
         have become due solely by the declaration of acceleration, have been
         cured or waived, and

                  (2) the rescission would not conflict with any judgment or
         decree of a court of competent jurisdiction.

         SECTION 6.03. Other Remedies. If an Event of Default occurs and is
continuing, the Trustee may pursue, in its own name or as trustee of an express
trust, any available remedy by proceeding at law or in equity to collect the
payment of principal of and interest on the Notes or to enforce the performance
of any provision of the Notes or the Indenture. The Trustee may maintain a
proceeding even if it does not possess any of the Notes or does not produce any
of them in the proceeding.

         SECTION 6.04. Waiver of Past Defaults. Except as otherwise provided in
Sections 6.02, 6.07 and 9.02, the Holders of a majority in principal amount of
the outstanding Notes may, by notice to the Trustee, waive an existing Default
and its consequences. Upon such waiver, the Default will cease to exist, and any
Event of Default arising therefrom will be deemed to have been cured, but no
such waiver will extend to any subsequent or other Default or impair any right
consequent thereon.

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         SECTION 6.05. Control by Majority. The Holders of a majority in
aggregate principal amount of the outstanding Notes may direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee
or exercising any trust or power conferred on the Trustee. However, the Trustee
may refuse to follow any direction that conflicts with law or the Indenture,
that may involve the Trustee in personal liability, or that the Trustee
determines in good faith may be unduly prejudicial to the rights of Holders of
Notes not joining in the giving of such direction, and may take any other action
it deems proper that is not inconsistent with any such direction received from
Holders of Notes.

         SECTION 6.06. Limitation on Suits. A Holder may not institute any
proceeding, judicial or otherwise, with respect to the Indenture or the Notes,
or for the appointment of a receiver or trustee, or for any other remedy under
the Indenture or the Notes, unless:

                  (1) the Holder has previously given to the Trustee written
         notice of a continuing Event of Default;

                  (2) Holders of at least 25% in aggregate principal amount of
         outstanding Notes have made written request to the Trustee to institute
         proceedings in respect of the Event of Default in its own name as
         Trustee under the Indenture;

                  (3) Holders have offered to the Trustee indemnity reasonably
         satisfactory to the Trustee against any costs, liabilities or expenses
         to be incurred in compliance with such request;

                  (4) the Trustee for 60 days after its receipt of such notice,
         request and offer of indemnity has failed to institute any such
         proceeding; and

                  (5) during such 60-day period, the Holders of a majority in
         aggregate principal amount of the outstanding Notes have not given the
         Trustee a direction that is inconsistent with such written request.

         SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding
anything to the contrary, the right of a Holder of a Note to receive payment of
principal of or interest on its Note on or after the Stated Maturities thereof,
or to bring suit for the enforcement of any such payment on or after such
respective dates, may not be impaired or affected without the consent of that
Holder.

         SECTION 6.08. Collection Suit by Trustee. If an Event of Default in
payment of principal or interest specified in clause (1) or (2) of Section 6.01
occurs and is continuing, the Trustee may recover judgment in its own name and
as trustee of an express trust for the whole amount of principal and accrued

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interest remaining unpaid, together with interest on overdue principal and
overdue installments of interest, in each case at the rate specified in the
Notes, and such further amount as is sufficient to cover the costs and expenses
of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel and any other amounts due
the Trustee hereunder.

         SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file
proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee (including any claim for the
compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, and any other amounts due the Trustee hereunder) and the Holders
allowed in any judicial proceedings relating to the Company or any Guarantor or
their respective creditors or property, and is entitled and empowered to
collect, receive and distribute any money, securities or other property payable
or deliverable upon conversion or exchange of the Notes or upon any such claims.
Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, if the Trustee consents to the
making of such payments directly to the Holders, to pay to the Trustee any
amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agent and counsel, and any other amounts due the
Trustee hereunder. Nothing in the Indenture will be deemed to empower the
Trustee to authorize or consent to, or accept or adopt on behalf of any Holder,
any plan of reorganization, arrangement, adjustment or composition affecting the
Notes or the rights of any Holder thereof, or to authorize the Trustee to vote
in respect of the claim of any Holder in any such proceeding.

         SECTION 6.10. Priorities. If the Trustee collects any money or any
other consideration pursuant to this Article, it shall pay out the money or
consideration in the following order:

                  First: to the Trustee for all amounts due hereunder;

                  Second: to Holders for amounts then due and unpaid for
         principal of and interest on the Notes, ratably, without preference or
         priority of any kind, according to the amounts due and payable on the
         Notes for principal and interest; and

                  Third: to the Company or as a court of competent jurisdiction
         may direct.

         The Trustee, upon written notice to the Company, may fix a record date
and payment date for any payment to Holders pursuant to this Section.

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         SECTION 6.11. Restoration of Rights and Remedies. If the Trustee or any
Holder has instituted a proceeding to enforce any right or remedy under the
Indenture and the proceeding has been discontinued or abandoned for any reason,
or has been determined adversely to the Trustee or to the Holder, then, subject
to any determination in the proceeding, the Company, any Guarantors, the Trustee
and the Holders will be restored severally and respectively to their former
positions hereunder and thereafter all rights and remedies of the Company, any
Guarantors, the Trustee and the Holders will continue as though no such
proceeding had been instituted.

         SECTION 6.12. Undertaking for Costs. In any suit for the enforcement of
any right or remedy under the Indenture or in any suit against the Trustee for
any action taken or omitted by it as Trustee, a court may require any party
litigant in such suit (other than the Trustee) to file an undertaking to pay the
costs of the suit, and the court may assess reasonable costs, including
reasonable attorneys fees, against any party litigant (other than the Trustee)
in the suit having due regard to the merits and good faith of the claims or
defenses made by the party litigant. This Section does not apply to a suit by a
Holder to enforce payment of principal of or interest on any Note on the
respective due dates, or a suit by Holders of more than 10% in principal amount
of the outstanding Notes.

         SECTION 6.13. Rights and Remedies Cumulative. No right or remedy
conferred or reserved to the Trustee or to the Holders under this Indenture is
intended to be exclusive of any other right or remedy, and all such rights and
remedies are, to the extent permitted by law, cumulative and in addition to
every other right and remedy hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or exercise of any right or remedy hereunder,
or otherwise, will not prevent the concurrent assertion or exercise of any other
right or remedy.

         SECTION 6.14. Delay or Omission Not Waiver. No delay or omission of the
Trustee or of any Holder to exercise any right or remedy accruing upon any Event
of Default will impair any such right or remedy or constitute a waiver of any
such Event of Default or an acquiescence therein. Every right and remedy given
by this Article or by law to the Trustee or to the Holders may be exercised from
time to time, and as often as may be deemed expedient, by the Trustee or by the
Holders, as the case may be.

         SECTION 6.15. Waiver of Stay, Extension or Usury Laws. The Company and
each Guarantor covenants, to the extent that it may lawfully do so, that it will
not at any time insist upon, or plead, or in any manner whatsoever claim or take
the benefit or advantage of, any stay or extension law or any usury law or other
law that would prohibit or forgive the Company or the Guarantor from paying all
or any portion of the principal of, or interest on the Notes as contemplated
herein,

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wherever enacted, now or at any time hereafter in force, or that may affect the
covenants or the performance of the Indenture. The Company and each Guarantor
hereby expressly waives, to the extent that it may lawfully do so, all benefit
or advantage of any such law and covenants that it will not hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer
and permit the execution of every such power as though no such law had been
enacted.

                                    ARTICLE 7
                                   THE TRUSTEE

         SECTION 7.01. General. (a) The duties and responsibilities of the
Trustee are as provided by the Trust Indenture Act and as set forth herein.
Whether or not expressly so provided, every provision of the Indenture relating
to the conduct or affecting the liability of or affording protection to the
Trustee is subject to this Article.

         (b) Except during the continuance of an Event of Default, the Trustee
need perform only those duties that are specifically set forth in the Indenture
and no others, and no implied covenants or obligations will be read into the
Indenture against the Trustee. In case an Event of Default has occurred and is
continuing, the Trustee shall exercise those rights and powers vested in it by
the Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his
own affairs.

         (c) No provision of the Indenture shall be construed to relieve the
Trustee from liability for its own negligent action, its own negligent failure
to act or its own willful misconduct.

         SECTION 7.02. Certain Rights of Trustee. Subject to Trust Indenture Act
Sections 315(a) through (d):

                  (1) In the absence of bad faith on its part, the Trustee may
         rely, and will be protected in acting or refraining from acting, upon
         any resolution, certificate, statement, instrument, opinion, report,
         notice, request, direction, consent, order, bond, debenture, note,
         other evidence of indebtedness or other paper or document believed by
         it to be genuine and to have been signed or presented by the proper
         Person. The Trustee need not investigate any fact or matter stated in
         the document, but, in the case of any document which is specifically
         required to be furnished to the Trustee pursuant to any provision
         hereof, the Trustee shall examine the document to determine whether it
         conforms to the requirements of the Indenture (but

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<PAGE>

         need not confirm or investigate the accuracy of mathematical
         calculations or other facts stated therein). The Trustee, in its
         discretion, may make further inquiry or investigation into such facts
         or matters as it sees fit.

                  (2) Before the Trustee acts or refrains from acting, it may
         require an Officers' Certificate or an Opinion of Counsel conforming to
         Section 12.05 and the Trustee will not be liable for any action it
         takes or omits to take in good faith in reliance on the certificate or
         opinion.

                  (3) The Trustee may act through its attorneys and agents and
         will not be responsible for the misconduct or negligence of any agent
         appointed with due care. The Trustee shall not be liable to any person,
         for special, indirect, consequential or punitive damages for any lost
         profits.

                  (4) The Trustee will be under no obligation to exercise any of
         the rights or powers vested in it by the Indenture at the request or
         direction of any of the Holders, unless such Holders have offered to
         the Trustee reasonable security or indemnity against the costs,
         expenses and liabilities that might be incurred by it in compliance
         with such request or direction. Any permissive right or power available
         to the Trustee under this Indenture shall not be construed to be a
         mandatory duty or obligation.

                  (5) The Trustee will not be liable for any action it takes or
         omits to take in good faith that it believes to be authorized or within
         its rights or powers or for any action it takes or omits to take in
         accordance with the direction of the Holders in accordance with Section
         6.05 relating to the time, method and place of conducting any
         proceeding for any remedy available to the Trustee, or exercising any
         trust or power conferred upon the Trustee, under the Indenture.

                  (6) The Trustee may consult with counsel, and the written
         advice of such counsel or any Opinion of Counsel will be full and
         complete authorization and protection in respect of any action taken,
         suffered or omitted by it hereunder in good faith and in reliance
         thereon.

                  (7) No provision of the Indenture will require the Trustee to
         expend or risk its own funds or otherwise incur any financial liability
         in the performance of its duties hereunder, or in the exercise of its
         rights or powers, unless it receives indemnity satisfactory to it
         against any loss, liability or expense. The Trustee shall not be
         required to give any bond or surety in respect of the performance of
         its powers and duties hereunder.

         SECTION 7.03. Individual Rights of Trustee. The Trustee, in its
individual or any other capacity, may become the owner or pledgee of Notes and
may

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otherwise deal with the Company or its Affiliates with the same rights it would
have if it were not the Trustee. Any Agent may do the same with like rights.
However, the Trustee is subject to Trust Indenture Act Sections 310(b) and 311.
For purposes of Trust Indenture Act Section 311(b)(4) and (6):

                  (a) "CASH TRANSACTION" means any transaction in which full
         payment for goods or securities sold is made within seven days after
         delivery of the goods or securities in currency or in checks or other
         orders drawn upon banks or bankers and payable upon demand; and

                  (b) "SELF-LIQUIDATING PAPER" means any draft, bill of
         exchange, acceptance or obligation which is made, drawn, negotiated or
         incurred for the purpose of financing the purchase, processing,
         manufacturing, shipment, storage or sale of goods, wares or merchandise
         and which is secured by documents evidencing title to, possession of,
         or a lien upon, the goods, wares or merchandise or the receivables or
         proceeds arising from the sale of the goods, wares or merchandise
         previously constituting the security, provided the security is received
         by the Trustee simultaneously with the creation of the creditor
         relationship arising from the making, drawing, negotiating or incurring
         of the draft, bill of exchange, acceptance or obligation.

         SECTION 7.04. Trustee's Disclaimer. The Trustee (i) makes no
representation as to the validity or adequacy of the Indenture or the Notes,
(ii) is not accountable for the Company's use or application of the proceeds
from the Notes and (iii) is not responsible for any statement in the Notes other
than its certificate of authentication.

         SECTION 7.05. Notice of Default. If any Default occurs and is
continuing and is known to the Trustee, the Trustee will send notice of the
Default to each Holder within 90 days after it occurs, unless the Default has
been cured; provided that, except in the case of a default in the payment of the
principal of or interest on any Note, the Trustee may withhold the notice if and
so long as the board of directors, the executive committee or a trust committee
of directors of the Trustee in good faith determines that withholding the notice
is in the interest of the Holders. The Trustee shall not be deemed to have
notice of any Default unless an officer of the Trustee has actual knowledge
thereof, or unless written notice of any event which is in fact such a Default
is received by the Trustee, and such notice references the Notes and this
Indenture. Notice to Holders under this Section will be given in the manner and
to the extent provided in Trust Indenture Act Section 313(c).

         SECTION 7.06. Reports by Trustee to Holders. Within 60 days after each
May 15, beginning with May 15, 2003, the Trustee will mail to each Holder, as

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provided in Trust Indenture Act Section 313(c), a brief report dated as of such
May 15, if required by Trust Indenture Act Section 313(a), and file such reports
with each stock exchange upon which its Notes are listed and with the Commission
as required by Trust Indenture Act Section 313(d).

         SECTION 7.07. Compensation and Indemnity. (a) The Company will pay the
Trustee compensation as agreed upon in writing for its services. The
compensation of the Trustee is not limited by any law on compensation of a
Trustee of an express trust. The Company will reimburse the Trustee upon request
for all reasonable out-of-pocket expenses, disbursements and advances incurred
or made by the Trustee, including the reasonable compensation and expenses of
the Trustee's agents and counsel.

         (b) The Company will indemnify the Trustee for, and hold it harmless
against, any loss or liability or expense incurred by it without negligence or
bad faith on its part arising out of or in connection with the acceptance or
administration of the Indenture and its duties under the Indenture and the
Notes, including the costs and expenses of defending itself against any claim or
liability and of complying with any process served upon it or any of its
officers in connection with the exercise or performance of any of its powers or
duties under the Indenture and the Notes.

         (c) To secure the Company's payment obligations in this Section, the
Trustee will have a lien prior to the Notes on all money or property held or
collected by the Trustee, in its capacity as Trustee, except money or property
held in trust to pay principal of, and interest on particular Notes.

         SECTION 7.08. Replacement of Trustee. (a) (1) The Trustee may resign at
any time by written notice to the Company.

                  (2) The Holders of a majority in principal amount of the
         outstanding Notes may remove the Trustee by written notice to the
         Trustee.

                  (3) If the Trustee is no longer eligible under Section 7.10 or
         in the circumstances described in Trust Indenture Act Section 310(b),
         any Holder that satisfies the requirements of Trust Indenture Act
         Section 310(b) may petition any court of competent jurisdiction for the
         removal of the Trustee and the appointment of a successor Trustee.

                  (4) The Company may remove the Trustee if: (i) the Trustee is
         no longer eligible under Section 7.10; (ii) the Trustee is adjudged a
         bankrupt or an insolvent; (iii) a receiver or other public officer
         takes

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         charge of the Trustee or its property; or (iv) the Trustee becomes
         incapable of acting.

A resignation or removal of the Trustee and appointment of a successor Trustee
will become effective only upon the successor Trustee's acceptance of
appointment as provided in this Section.

          (b) If the Trustee has been removed by the Holders, Holders of a
majority in principal amount of the Notes may appoint a successor Trustee with
the consent of the Company. Otherwise, if the Trustee resigns or is removed, or
if a vacancy exists in the office of Trustee for any reason, the Company will
promptly appoint a successor Trustee. If the successor Trustee does not deliver
its written acceptance within 30 days after the retiring Trustee resigns or is
removed, the retiring Trustee, the Company or the Holders of a majority in
principal amount of the outstanding Notes may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

          (c) Upon delivery by the successor Trustee of a written acceptance of
its appointment to the retiring Trustee and to the Company, (i) the retiring
Trustee will transfer all property held by it as Trustee to the successor
Trustee, subject to the lien provided for in Section 7.07, (ii) the resignation
or removal of the retiring Trustee will become effective, and (iii) the
successor Trustee will have all the rights, powers and duties of the Trustee
under the Indenture. Upon request of any successor Trustee, the Company will
execute any and all instruments for fully and vesting in and confirming to the
successor Trustee all such rights, powers and trusts. The Company will give
notice of any resignation and any removal of the Trustee and each appointment of
a successor Trustee to all Holders, and include in the notice the name of the
successor Trustee and the address of its Corporate Trust Office.

          (d) Notwithstanding replacement of the Trustee pursuant to this
Section, the Company's obligations under Section 7.07 will continue for the
benefit of the retiring Trustee.

          (e) The Trustee agrees to give the notices provided for in, and
otherwise comply with, Trust Indenture Act Section 310(b).

         SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates
with, merges or converts into, or transfers all or substantially all of its
corporate trust business to, another corporation or national banking
association, the resulting, surviving or transferee corporation or national
banking association without any further act will be the successor Trustee with
the same effect as if the successor Trustee had been named as the Trustee in the
Indenture.

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         SECTION 7.10. Eligibility. The Indenture must always have a Trustee
that satisfies the requirements of Trust Indenture Act Section 310(a) and has a
combined capital and surplus of at least $25,000,000 as set forth in its most
recent published annual report of condition.

         SECTION 7.11. Money Held in Trust. The Trustee will not be liable for
interest on any money received by it except as it may agree with the Company.
Money held in trust by the Trustee need not be segregated from other funds
except to the extent required by law and except for money held in trust under
Article 8.

                                    ARTICLE 8
                            DEFEASANCE AND DISCHARGE

         SECTION 8.01. Discharge of Company's Obligations. (a) Subject to
paragraph (b), the Company's obligations under the Notes and the Indenture, and
each Guarantor's obligations under its Note Guarantee, will terminate if:

                  (1) all Notes previously authenticated and delivered (other
         than (i) destroyed, lost or stolen Notes that have been replaced or
         (ii) Notes that are paid pursuant to Section 4.01 or (iii) Notes for
         whose payment money or U.S. Government Obligations have been held in
         trust and then repaid to the Company pursuant to Section 8.05) have
         been delivered to the Trustee for cancellation and the Company has paid
         all sums payable by it hereunder; or

                           (2)(A) the Notes mature within one year, or all of
                  them are to be called for redemption within one year under
                  arrangements satisfactory to the Trustee for giving the notice
                  of redemption,

                              (B) the Company irrevocably deposits in trust with
                  the Trustee, as trust funds solely for the benefit of the
                  Holders, money or U.S. Government Obligations or a combination
                  thereof sufficient, in the opinion of a nationally recognized
                  firm of independent public accountants expressed in a written
                  certificate delivered to the Trustee, without consideration of
                  any reinvestment, to pay principal of and interest on the
                  Notes to maturity or redemption, as the case may be, and to
                  pay all other sums payable by it hereunder,

                              (C) no Default has occurred and is continuing on
                  the date of the deposit,

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<PAGE>

                              (D) the deposit will not result in a breach or
                  violation of, or constitute a default under, the Indenture or
                  any other agreement or instrument to which the Company is a
                  party or by which it is bound, and

                              (E) the Company delivers to the Trustee an
                  Officers' Certificate and an Opinion of Counsel, in each case
                  stating that all conditions precedent provided for herein
                  relating to the satisfaction and discharge of the Indenture
                  have been complied with.

         (b) After satisfying the conditions in clause (a)(1), only the
Company's obligations under Section 7.07 will survive. After satisfying the
conditions in clause (a)(2), only the Company's obligations in Article 2 and
Sections 4.01, 4.02, 7.07, 7.08, 8.05 and 8.06 will survive. In either case, the
Trustee upon request will acknowledge in writing the discharge of the Company's
obligations under the Notes and the Indenture other than the surviving
obligations.

         SECTION 8.02. Legal Defeasance. After the 123rd day following the
deposit referred to in clause (1), the Company will be deemed to have paid and
will be discharged from its obligations in respect of the Notes and the
Indenture, other than its obligations in Article 2 and Sections 4.01, 4.02,
7.07, 7.08, 8.05 and 8.06, and each Guarantor's obligations under its Note
Guarantee will terminate, provided the following conditions have been satisfied:

                  (1) The Company has irrevocably deposited in trust with the
         Trustee, as trust funds solely for the benefit of the Holders, money or
         U.S. Government Obligations or a combination thereof sufficient, in the
         opinion of a nationally recognized firm of independent public
         accountants expressed in a written certificate thereof delivered to the
         Trustee, without consideration of any reinvestment, to pay principal of
         and interest on the Notes to maturity or redemption, as the case may
         be, provided that any redemption before maturity has been irrevocably
         provided for under arrangements satisfactory to the Trustee.

                  (2) No Default has occurred and is continuing on the date of
         the deposit or occurs at any time during the 123-day period following
         the deposit.

                  (3) The deposit will not result in a breach or violation of,
         or constitute a default under, the Indenture or any other agreement or
         instrument to which the Company is a party or by which it is bound.

                  (4) The Company has delivered to the Trustee

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<PAGE>

                           (A) either (x) a ruling received from the Internal
                  Revenue Service to the effect that the Holders will not
                  recognize income, gain or loss for federal income tax purposes
                  as a result of the defeasance and will be subject to federal
                  income tax on the same amount and in the same manner and at
                  the same times as would otherwise have been the case or (y) an
                  Opinion of Counsel, based on a change in law after the date of
                  the Indenture, to the same effect as the ruling described in
                  clause (x), and

                           (B) an Opinion of Counsel to the effect that (i) the
                  creation of the defeasance trust does not violate the
                  Investment Company Act of 1940, (ii) after the passage of 123
                  days following the deposit, the trust funds will not be
                  subject to the effect of Section 547 of the United States
                  Bankruptcy Code or Section 15 of the New York Debtor and
                  Creditor Law.

                  (5) The Company has delivered to the Trustee an Officers'
         Certificate and an Opinion of Counsel, in each case stating that all
         conditions precedent provided for herein relating to the defeasance
         have been complied with.

         Prior to the end of the 123-day period, none of the Company's
obligations under the Indenture will be discharged. Thereafter, the Trustee upon
request will acknowledge in writing the discharge of the Company's obligations
under the Notes and the Indenture except for the surviving obligations specified
above.

         SECTION 8.03. Covenant Defeasance. After the 123rd day following the
deposit referred to in clause (1), the Company's obligations set forth in
Sections 4.06 through 4.19, inclusive and clauses (2) and (3) of Section
5.01(a), and each Guarantor's obligations under its Note Guarantee, will
terminate, and clauses (3), (4), (5) and (9) of Section 6.01 will no longer
constitute Events of Default, provided the following conditions have been
satisfied:

                  (1) The Company has complied with clauses (1), (2), (3), 4(B),
         and (5) of Section 8.02; and

                  (2) the Company has delivered to the Trustee an Opinion of
         Counsel to the effect that the Holders will not recognize income, gain
         or loss for federal income tax purposes as a result of the defeasance
         and will be subject to federal income tax on the same amount and in the
         same manner and at the same times as would otherwise have been the
         case.

         Except as specifically stated above, none of the Company's obligations
under the Indenture will be discharged.

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<PAGE>

         SECTION 8.04. Application of Trust Money. Subject to Section 8.05, the
Trustee will hold in trust the money or U.S. Government Obligations deposited
with it pursuant to Section 8.01, 8.02 or 8.03, and apply the deposited money
and the proceeds from deposited U.S. Government Obligations to the payment of
principal of and interest on the Notes in accordance with the Notes and the
Indenture. Such money and U.S. Government Obligations need not be segregated
from other funds except to the extent required by law.

         SECTION 8.05. Repayment to Company. Subject to Sections 7.07, 8.01,
8.02 and 8.03, the Trustee will promptly pay to the Company upon request any
excess money held by the Trustee at any time and thereupon be relieved from all
liability with respect to such money. The Trustee will pay to the Company upon
request any money held for payment with respect to the Notes that remains
unclaimed for two years, provided that before making such payment the Trustee
may at the expense of the Company publish once in a newspaper of general
circulation in New York City, or send to each Holder entitled to such money,
notice that the money remains unclaimed and that after a date specified in the
notice (at least 30 days after the date of the publication or notice) any
remaining unclaimed balance of money will be repaid to the Company. After
payment to the Company, Holders entitled to such money must look solely to the
Company for payment, unless applicable law designates another Person, and all
liability of the Trustee with respect to such money will cease.

         SECTION 8.06. Reinstatement. If and for so long as the Trustee is
unable to apply any money or U.S. Government Obligations held in trust pursuant
to Section 8.01, 8.02 or 8.03 by reason of any legal proceeding or by reason of
any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, the Company's obligations
under the Indenture and the Notes will be reinstated as though no such deposit
in trust had been made. If the Company makes any payment of principal of or
interest on any Notes because of the reinstatement of its obligations, it will
be subrogated to the rights of the Holders of such Notes to receive such payment
from the money or U.S. Government Obligations held in trust.

                                    ARTICLE 9
                       AMENDMENTS, SUPPLEMENTS AND WAIVERS

         SECTION 9.01. Amendments Without Consent of Holders; Consent of Holders
of Senior Debt Needed to Amend Subordination Provisions. (a) The Company and the
Trustee may amend or supplement the Indenture or the Notes without notice to or
the consent of any Noteholder:

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<PAGE>

                  (1) to cure any ambiguity, defect or inconsistency in the
         Indenture or the Notes;

                  (2) to comply with Section 5.01 or 5.02;

                  (3) to comply with any requirements of the Commission in
         connection with the qualification of the Indenture under the Trust
         Indenture Act;

                  (4) to evidence and provide for the acceptance of an
         appointment hereunder by a successor Trustee;

                  (5) to provide for uncertificated Notes in addition to or in
         place of certificated Notes, provided that the uncertificated Notes are
         issued in registered form for purposes of Section 163(f) of the Code,
         or in a manner such that the uncertificated Notes are described in
         Section 163(f)(2)(B) of the Code;

                  (6) to provide for any Guarantee of the Notes, to secure the
         Notes or to confirm and evidence the release, termination or discharge
         of any Guarantee of or Lien securing the Notes when such release,
         termination or discharge is permitted by the Indenture;

                  (7) to provide for or confirm the issuance of Additional
         Notes;

                  (8) to make any change in Article 10 that would limit or
         terminate the benefits available to any holder of Senior Debt under
         Article 10; or

                  (9) to make any other change that does not materially and
         adversely affect the rights of any Holder.

         (b) An amendment may not effect any change that adversely affects the
rights of any holder of Senior Debt then outstanding under Article 10 unless
such holder of Senior Debt, or a representative for such holder, consents to
such change.

         SECTION 9.02. Amendments With Consent of Holders. (a) Except as
otherwise provided in Sections 6.02, 6.04 and 6.07 or paragraph (b), the Company
and the Trustee may amend the Indenture and the Notes with the written consent
of the Holders of a majority in principal amount of the outstanding Notes, and
the Holders of a majority in principal amount of the outstanding Notes by
written notice to the Trustee may waive future compliance by the Company with
any provision of the Indenture or the Notes, other than with respect to Section
7.07.

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<PAGE>

         (b) Notwithstanding the provisions of paragraph (a), without the
consent of each Holder affected, an amendment or waiver may not

                  (1) reduce the principal amount of or change the Stated
         Maturity of any installment of principal of any Note,

                  (2) reduce the rate of or change the Stated Maturity of any
         interest payment on any Note,

                  (3) reduce the amount payable upon the redemption of any Note
         or change the time of any mandatory redemption or, in respect of an
         optional redemption, the times at which any Note may be redeemed or,
         once notice of redemption has been given, the time at which it must
         thereupon be redeemed,

                  (4) after the time an Offer to Purchase is required to have
         been made, reduce the purchase amount or purchase price, or extend the
         latest expiration date or purchase date thereunder,

                  (5) make any Note payable in money other than that stated in
         the Note,

                  (6) impair the right of any Holder of Notes to receive any
         principal payment or interest payment on such Holder's Notes, on or
         after the Stated Maturity thereof, or to institute suit for the
         enforcement of any such payment,

                  (7) make any change in the percentage of the principal amount
         of the Notes required for amendments or waivers,

                  (8) modify or change any provision of the Indenture affecting
         the ranking of the Notes or any Note Guarantee in a manner adverse to
         the Holders of the Notes,

                  (9) make any change to Article 10 that would adversely affect
         the Noteholders or

                  (10) make any change in any Note Guarantee that would
         adversely affect the Noteholders.

         (c) It is not necessary for Noteholders to approve the particular form
of any proposed amendment, supplement or waiver, but is sufficient if their
consent approves the substance thereof.

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<PAGE>

         (d) An amendment, supplement or waiver under this Section will become
effective on receipt by the Trustee of written consents from the Holders of the
requisite percentage in principal amount of the outstanding Notes. After an
amendment, supplement or waiver under this Section becomes effective, the
Company will send to the Holders affected thereby a notice briefly describing
the amendment, supplement or waiver. The Company will send supplemental
indentures to Holders upon request. Any failure of the Company to send such
notice, or any defect therein, will not, however, in any way impair or affect
the validity of any such supplemental indenture or waiver.

         SECTION 9.03. Effect of Consent. (a) After an amendment, supplement or
waiver becomes effective, it will bind every Holder unless it is of the type
requiring the consent of each Holder affected. If the amendment, supplement or
waiver is of the type requiring the consent of each Holder affected, the
amendment, supplement or waiver will bind each Holder that has consented to it
and every subsequent Holder of a Note that evidences the same debt as the Note
of the consenting Holder.

         (b) If an amendment, supplement or waiver changes the terms of a Note,
the Trustee may require the Holder to deliver it to the Trustee so that the
Trustee may place an appropriate notation of the changed terms on the Note and
return it to the Holder, or exchange it for a new Note that reflects the changed
terms. The Trustee may also place an appropriate notation on any Note thereafter
authenticated. However, the effectiveness of the amendment, supplement or waiver
is not affected by any failure to annotate or exchange Notes in this fashion.

         SECTION 9.04. Trustee's Rights and Obligations. The Trustee is entitled
to receive, and will be fully protected in relying upon, an Opinion of Counsel
stating that the execution of any amendment, supplement or waiver authorized
pursuant to this Article is authorized or permitted by the Indenture. If the
Trustee has received such an Opinion of Counsel, it shall sign the amendment,
supplement or waiver so long as the same does not adversely affect the rights of
the Trustee. The Trustee may, but is not obligated to, execute any amendment,
supplement or waiver that affects the Trustee's own rights, duties or immunities
under the Indenture.

         SECTION 9.05. Conformity with Trust Indenture Act. Every amendment,
supplemental indenture or waiver executed pursuant to this Article shall conform
to the requirements of the Trust Indenture Act.

         SECTION 9.06. Payments for Consents. Neither the Company nor any of its
Subsidiaries or Affiliates may, directly or indirectly, pay or cause to be paid
any consideration, whether by way of interest, fee or otherwise, to any Holder
for or as an inducement to any consent, waiver or amendment of any of the terms
or

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provisions of the Indenture or the Notes unless such consideration is offered to
be paid or agreed to be paid to all Holders of the Notes that consent, waive or
agree to amend such term or provision within the time period set forth in the
solicitation documents relating to the consent, waiver or amendment.

                                   ARTICLE 10
                                  SUBORDINATION

         SECTION 10.01. Agreement to Subordinate. The Debt evidenced by the
Notes is subordinated in right of payment, to the extent and in the manner
provided in the Indenture, to the prior payment of all Senior Debt. The
subordination provisions are for the benefit of and enforceable by the holders
of Senior Debt.

         SECTION 10.02. Liquidation, Dissolution, Bankruptcy. Upon any payment
or distribution of the assets of the Company to creditors upon a total or
partial liquidation or a total or partial dissolution of the Company or in a
bankruptcy, reorganization, insolvency, receivership or similar proceeding
relating to the Company or its property:

                  (1) holders of Senior Debt are entitled to receive payment in
         full in cash of all Obligations in respect of Senior Debt, including
         all interest accrued or accruing on Senior Debt after the commencement
         of any bankruptcy, insolvency or reorganization or similar case or
         proceeding at the contract rate (including, without limitation, any
         contract rate applicable upon default) specified in the relevant
         documentation, whether or not the claim for the interest is allowed as
         a claim in the case or proceeding with respect to the Senior Debt (only
         such payment constituting "PAYMENT IN FULL") before Holders will be
         entitled to receive any payment of principal of or interest on the
         Notes; and

                  (2) until the Senior Debt is paid in full, any distribution to
         which Noteholders would be entitled but for these subordination
         provisions shall instead be made to holders of Senior Debt as their
         interests may appear.

         SECTION 10.03. Default on Designated Senior Debt. (a) The Company may
not pay the principal of or interest on the Notes or make any deposit pursuant
to Article 8 and shall not repurchase, redeem or otherwise retire any Notes
(collectively, "PAY THE NOTES") if at the time any Designated Senior Debt has
not been paid when due, whether at maturity, upon redemption or mandatory
repurchase, acceleration, or otherwise, and the default has not been cured or
waived.

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<PAGE>

         (b) During the continuance of any other default with respect to any
Designated Senior Debt pursuant to which the maturity thereof may be accelerated
immediately without further notice (except any notice that may be required to
effect acceleration) or upon the expiration of a grace period, the Company may
not pay the Notes for a period (a "PAYMENT BLOCKAGE PERIOD")

                  (1) commencing upon the receipt by the Company and the Trustee
         of written notice of default from the holders of any Designated Senior
         Debt specifying an election to effect a Payment Blockage Period (a
         "BLOCKAGE NOTICE") and

                  (2) ending 179 days thereafter (or earlier if the Payment
         Blockage Period is terminated (i) by written notice to the Trustee and
         the Company from the Person that gave the Blockage Notice, (ii) by
         repayment in full of such Designated Senior Debt or (iii) because the
         default giving rise to the Blockage Notice is no longer continuing).

Subject to the preceding paragraph, unless the holders of such Designated Senior
Debt have accelerated the maturity of such Designated Senior Debt, the Company
may resume payments on the Notes after the Payment Blockage Period.

         (c) Not more than one Blockage Notice may be given in any consecutive
360-day period, irrespective of the number of defaults with respect to
Designated Senior Debt during such period. No default which existed or was
continuing on the date of the commencement of any Payment Blockage Period with
respect to the Designated Senior Debt whose holders initiated the Payment
Blockage Period may be made the basis of the commencement of a subsequent
Payment Blockage Period by the holders of such Designated Senior Debt, whether
or not within a period of 360 consecutive days, unless the default has been
cured or waived for a period of not less than 90 consecutive days.

         SECTION 10.04. When Distribution Must Be Paid Over. If a payment or
other distribution is made to Noteholders that because of these subordination
provisions should not have been made to them, the Noteholders that receive the
distribution shall hold it in trust for holders of Senior Debt and pay it over
to them as their interests may appear.

         SECTION 10.05. Subrogation. A distribution made under these
subordination provisions to holders of Senior Debt which otherwise would have
been made to Noteholders is not, as between the Company and the Noteholders, a
payment by the Company on Senior Debt. After all Senior Debt is paid in full and
until the Notes are paid in full, Noteholders will be subrogated to the rights
of holders of Senior Debt to receive payments in respect of Senior Debt, which,
to

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<PAGE>

the extent received by Noteholders, do not constitute, as between the Company
and the Noteholders, payments by the Company on the Notes.

         SECTION 10.06. Relative Rights; Subordination Not to Prevent Events of
Default or Limit Right to Accelerate. These subordination provisions define the
relative rights of Noteholders and holders of Senior Debt and do not impair, as
between the Company and Noteholders, the obligation of the Company, which is
absolute and unconditional, to pay principal of and interest on the Notes in
accordance with their terms. The failure to make a payment pursuant to the Notes
by reason of these subordination provisions does not prevent the occurrence of a
Default, nor do these subordination provisions have any effect on the right of
the Noteholders or the Trustee to accelerate the maturity of the Notes upon an
Event of Default or prevent the Trustee or any Noteholder from exercising its
available remedies upon a Default, subject to the rights of holders of Senior
Debt to receive distributions otherwise payable to Noteholders.

         SECTION 10.07. Subordination May Not Be Impaired by Company. No right
of any holder of Senior Debt to enforce the subordination of the Notes will be
impaired by any act or failure to act by the Company or by its failure to comply
with the Indenture.

         SECTION 10.08. Rights of Trustee. (a) The Trustee may continue to make
payments on the Notes and will not be charged with knowledge of the existence of
facts that would prohibit the making of any such payments unless, not less than
two Business Days prior to the date of such payment, the Trustee receives notice
satisfactory to it from the Company or a holder of Senior Debt that payments may
not be made under this Article.

         (b) The Trustee in its individual or any other capacity may hold Senior
Debt with the same rights, including rights under this Article, it would have if
it were not Trustee. Nothing in this Article applies to claims of, or payments
to, the Trustee under or pursuant to Section 7.07.

         SECTION 10.09. Distributions and Notices to, and Notices and Consents
by, Representatives of Holders of Senior Debt. Whenever a distribution is to be
made or a notice given to holders of Senior Debt, the distribution may be made
and the notice given to their representative (if any). If there is a
representative acting for the holders of any Senior Debt pursuant to the
agreements governing such Senior Debt, notices or consents under the Indenture
from holders of such Senior Debt may be given only by their representative.

         SECTION 10.10. Trust Moneys Not Subordinated; Payments in Permitted
Junior Securities. Notwithstanding anything to the contrary,

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<PAGE>

                  (i) payments from money or U.S. Government Obligations held by
         the Trustee in trust under Article 8 (after passage of the 123-day
         period referred to therein, if relevant) and

                  (ii) distributions to Noteholders in the form of Permitted
         Junior Securities of the Company

are not subordinated to the prior payment of any Senior Debt or otherwise
subject to these subordination provisions, and none of the Noteholders will be
obligated to pay over any such payments or distributions to any holder of Senior
Debt.

         SECTION 10.11. Trustee Entitled to Rely. For the purpose of
ascertaining the outstanding amount of Senior Debt, the holders thereof, and all
other information relevant to making any payment or distribution to holders of
Senior Debt pursuant to this Article, the Trustee and the Noteholders are
entitled to rely upon an order or decree of a court of competent jurisdiction in
which any proceedings of the nature referred to in Section 10.02 are pending, a
certificate of the liquidating trustee or other Person making a payment or
distribution to the Trustee or to the Noteholders, or information provided by
the holders of Senior Debt. The Trustee may defer any payment or distribution
pending receipt of evidence or instructions satisfactory to it or a judicial
determination regarding the rights of parties to receive the payment or
distribution.

         SECTION 10.12. Trustee to Effectuate Subordination. Each Noteholder by
accepting a Note authorizes and directs the Trustee on behalf of the Noteholder
to take such action as may be necessary or appropriate to acknowledge or
effectuate the subordination between the Noteholders and the holders of Senior
Debt as provided in this Article and appoints the Trustee as attorney-in-fact
for any and all such purposes, including for the purpose of filing a claim in
any proceedings of the nature referred to in Section 10.02.

         SECTION 10.13. Trustee Not Fiduciary for Holders of Senior Debt. The
Trustee will not be deemed to owe any fiduciary duty to the holders of Senior
Debt and will not be liable to any such holders if it mistakenly pays over or
distributes to Noteholders, or to the Company or any other Person, any money or
assets to which holders of Senior Debt are entitled by virtue of this Article.

         SECTION 10.14. Reliance by Holders of Senior Debt on Subordination
Provisions; No Waiver. (a) Each Noteholder by accepting a Note acknowledges and
agrees that these subordination provisions are, and are intended to be, an
inducement and a consideration to each holder of Senior Debt, whether created or
acquired before or after the issuance of the Notes, to acquire or to hold such
Senior Debt, and each holder of Senior Debt will be deemed conclusively to have

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<PAGE>

relied on these subordination provisions in acquiring and holding such Senior
Debt.

         (b) The holders of Senior Debt may, at any time and from time to time,
without the consent of or notice to the Trustee or the Holders of the Notes,
without incurring any liability or responsibility to the Holders of the Notes,
and without impairing the rights of holders of Senior Debt under these
subordination provisions, do any of the following:

                  (1) change the manner, place or terms of payment or extend the
         time of payment of, or renew or alter, Senior Debt or any instrument
         evidencing the same or any agreement under which Senior Debt is
         outstanding or secured;

                  (2) sell, exchange, release or otherwise deal with any
         property pledged, mortgaged or otherwise securing Senior Debt;

                  (3) release any Person liable in any manner for the payment of
         Senior Debt; or

                  (4) exercise or refrain from exercising any rights against the
         Company and any other Person.

                                   ARTICLE 11
                                   GUARANTEES

         SECTION 11.01. The Guarantees; Subordination. Subject to the provisions
of this Article, each Guarantor hereby irrevocably and unconditionally
guarantees, jointly and severally, on an unsecured senior subordinated basis,
the full and punctual payment (whether at Stated Maturity, upon redemption,
purchase pursuant to an Offer to Purchase or acceleration, or otherwise) of the
principal of, premium, if any, and interest on, and all other amounts payable
under, each Note, and the full and punctual payment of all other amounts payable
by the Company under the Indenture. Upon failure by the Company to pay
punctually any such amount, each Guarantor shall forthwith on demand pay the
amount not so paid at the place and in the manner specified in the Indenture.
The obligations of each Guarantor under its Note Guarantee are junior and
subordinated in right of payment to the Senior Debt of such Guarantor in the
same manner and to the same extent as the Notes are subordinated to Senior Debt
of the Company.

         SECTION 11.02. Guarantee Unconditional. The obligations of each
Guarantor hereunder are unconditional and absolute and, without limiting the
generality of the foregoing, will not be released, discharged or otherwise
affected by

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<PAGE>

                  (1) any extension, renewal, settlement, compromise, waiver or
         release in respect of any obligation of the Company under the Indenture
         or any Note, by operation of law or otherwise;

                  (2) any modification or amendment of or supplement to the
         Indenture or any Note;

                  (3) any change in the corporate existence, structure or
         ownership of the Company, or any insolvency, bankruptcy, reorganization
         or other similar proceeding affecting the Company or its assets or any
         resulting release or discharge of any obligation of the Company
         contained in the Indenture or any Note;

                  (4) the existence of any claim, set-off or other rights which
         the Guarantor may have at any time against the Company, the Trustee or
         any other Person, whether in connection with the Indenture or any
         unrelated transactions, provided that nothing herein prevents the
         assertion of any such claim by separate suit or compulsory
         counterclaim;

                  (5) any invalidity or unenforceability relating to or against
         the Company for any reason of the Indenture or any Note, or any
         provision of applicable law or regulation purporting to prohibit the
         payment by the Company of the principal of or interest on any Note or
         any other amount payable by the Company under the Indenture; or

                  (6) any other act or omission to act or delay of any kind by
         the Company, the Trustee or any other Person or any other circumstance
         whatsoever which might, but for the provisions of this paragraph,
         constitute a legal or equitable discharge of or defense to such
         Guarantor's obligations hereunder.

         SECTION 11.03. Discharge; Reinstatement. Except as provided in Section
11.09, each Guarantor's obligations hereunder will remain in full force and
effect until the principal of, premium, if any, and interest on the Notes and
all other amounts payable by the Company under the Indenture have been paid in
full. If at any time any payment of the principal of, premium, if any, or
interest on any Note or any other amount payable by the Company under the
Indenture is rescinded or must be otherwise restored or returned upon the
insolvency, bankruptcy or reorganization of the Company or otherwise, each
Guarantor's obligations hereunder with respect to such payment will be
reinstated as though such payment had been due but not made at such time.

         SECTION 11.04. Waiver by the Guarantors. Each Guarantor irrevocably
waives acceptance hereof, presentment, demand, protest and any notice not

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<PAGE>

provided for herein, as well as any requirement that at any time any action be
taken by any Person against the Company or any other Person.

         SECTION 11.05. Subrogation and Contribution. Upon making any payment
with respect to any obligation of the Company under this Article, the Guarantor
making such payment will be subrogated to the rights of the payee against the
Company with respect to such obligation, provided that the Guarantor may not
enforce either any right of subrogation, or any right to receive payment in the
nature of contribution, or otherwise, from any other Guarantor, with respect to
such payment so long as any amount payable by the Company hereunder or under the
Notes remains unpaid.

         SECTION 11.06. Stay of Acceleration. If acceleration of the time for
payment of any amount payable by the Company under the Indenture or the Notes is
stayed upon the insolvency, bankruptcy or reorganization of the Company, all
such amounts otherwise subject to acceleration under the terms of the Indenture
are nonetheless payable by the Guarantors hereunder forthwith on demand by the
Trustee or the Holders.

         SECTION 11.07. Limitation on Amount of Guarantee. Notwithstanding
anything to the contrary in this Article, each Guarantor, and by its acceptance
of Notes, each Holder, hereby confirms that it is the intention of all such
parties that the Note Guarantee of such Guarantor not constitute a fraudulent
conveyance under applicable fraudulent conveyance provisions of the United
States Bankruptcy Code or any comparable provision of state law. To effectuate
that intention, the Trustee, the Holders and the Guarantors hereby irrevocably
agree that the obligations of each Guarantor under its Note Guarantee are
limited to the maximum amount that would not render the Guarantor's obligations
subject to avoidance under applicable fraudulent conveyance provisions of the
United States Bankruptcy Code or any comparable provision of state law.

         SECTION 11.08. Execution and Delivery of Guarantee. The execution by
each Guarantor of the Indenture (or a supplemental indenture in the form of
Exhibit B) evidences the Note Guarantee of such Guarantor, whether or not the
person signing as an officer of the Guarantor still holds that office at the
time of authentication of any Note. The delivery of any Note by the Trustee
after authentication constitutes due delivery of the Note Guarantee set forth in
the Indenture on behalf of each Guarantor.

         SECTION 11.09. Release of Guarantee. The Note Guarantee of a Guarantor
will terminate upon

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<PAGE>

                  (1) a sale or other disposition (including by way of
         consolidation or merger) of the Guarantor (other than to the Company or
         a Domestic Restricted Subsidiary) otherwise permitted by the Indenture,

                  (2) the designation in accordance with the Indenture of the
         Guarantor as an Unrestricted Subsidiary, or

                  (3) defeasance or discharge of the Notes, as provided in
         Article 8.

         Upon delivery by the Company to the Trustee of an Officers' Certificate
and an Opinion of Counsel to the foregoing effect, the Trustee will execute any
documents reasonably required in order to evidence the release of the Guarantor
from its obligations under its Note Guarantee.

                                   ARTICLE 12
                                  MISCELLANEOUS

         SECTION 12.01. Trust Indenture Act of 1939. The Indenture shall
incorporate and be governed by the provisions of the Trust Indenture Act that
are required to be part of and to govern indentures qualified under the Trust
Indenture Act.

         SECTION 12.02. Noteholder Communications; Noteholder Actions. (a) The
rights of Holders to communicate with other Holders with respect to the
Indenture or the Notes are as provided by the Trust Indenture Act, and the
Company and the Trustee shall comply with the requirements of Trust Indenture
Act Sections 312(a) and 312(b). Neither the Company nor the Trustee will be held
accountable by reason of any disclosure of information as to names and addresses
of Holders made pursuant to the Trust Indenture Act.

               (b)(1) Any request, demand, authorization, direction, notice,
         consent to amendment, supplement or waiver or other action provided by
         this Indenture to be given or taken by a Holder (an "ACT") may be
         evidenced by an instrument signed by the Holder delivered to the
         Trustee. The fact and date of the execution of the instrument, or the
         authority of the person executing it, may be proved in any manner that
         the Trustee deems sufficient.

                  (2) The Trustee may make reasonable rules for action by or at
         a meeting of Holders, which will be binding on all the Holders.

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<PAGE>

         (c) Any act by the Holder of any Note binds that Holder and every
subsequent Holder of a Note that evidences the same debt as the Note of the
acting Holder, even if no notation thereof appears on the Note. Subject to
paragraph (d), a Holder may revoke an act as to its Notes, but only if the
Trustee receives the notice of revocation before the date the amendment or
waiver or other consequence of the act becomes effective.

         (d) The Company may, but is not obligated to, fix a record date (which
need not be within the time limits otherwise prescribed by Trust Indenture Act
Section 316(c)) for the purpose of determining the Holders entitled to act with
respect to any amendment or waiver or in any other regard, except that during
the continuance of an Event of Default, only the Trustee may set a record date
as to notices of default, any declaration or acceleration or any other remedies
or other consequences of the Event of Default. If a record date is fixed, those
Persons that were Holders at such record date and only those Persons will be
entitled to act, or to revoke any previous act, whether or not those Persons
continue to be Holders after the record date. No act will be valid or effective
for more than 90 days after the record date.

         SECTION 12.03. Notices. (a) Any notice or communication to the Company
will be deemed given if in writing (i) when delivered in person or (ii) five
days after mailing when mailed by first class mail, or (iii) when sent by
facsimile transmission, with transmission confirmed. Notices or communications
to a Guarantor will be deemed given if given to the Company. Any notice to the
Trustee will be effective only upon receipt. In each case the notice or
communication should be addressed as follows:

         if to the Company:

                 SYBRON DENTAL SPECIALTIES, INC.
                 1717 West Collins Avenue
                 Orange, California 92876
                 Fax: (714) 516-7696

        if to the Trustee:

                 WILMINGTON TRUST COMPANY
                 Rodney Square North
                 1100 North Market Street
                 Wilmington, Delaware 19890
                 Fax: (302) 636 4140

         The Company or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications.

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<PAGE>

         (b) Except as otherwise expressly provided with respect to published
notices, any notice or communication to a Holder will be deemed given when
mailed to the Holder at its address as it appears on the Register by first class
mail or, as to any Global Note registered in the name of DTC or its nominee, as
agreed by the Company, the Trustee and DTC. Copies of any notice or
communication to a Holder, if given by the Company, will be mailed to the
Trustee at the same time. Defect in mailing a notice or communication to any
particular Holder will not affect its sufficiency with respect to other Holders.

         (c) Where the Indenture provides for notice, the notice may be waived
in writing by the Person entitled to receive such notice, either before or after
the event, and the waiver will be the equivalent of the notice. Waivers of
notice by Holders must be filed with the Trustee, but such filing is not a
condition precedent to the validity of any action taken in reliance upon such
waivers.

         SECTION 12.04. Certificate and Opinion as to Conditions Precedent .
Upon any request or application by the Company to the Trustee to take any action
under the Indenture, the Company will furnish to the Trustee:

                  (1) an Officers' Certificate stating that, in the opinion of
         the signers, all conditions precedent, if any, provided for in the
         Indenture relating to the proposed action have been complied with; and

                  (2) an Opinion of Counsel stating that all such conditions
         precedent have been complied with.

         SECTION 12.05. Statements Required in Certificate or Opinion. Each
certificate or opinion with respect to compliance with a condition or covenant
provided for in the Indenture must include:

                  (1) a statement that each Person signing the certificate or
         opinion has read the covenant or condition and the related definitions;

                  (2) a brief statement as to the nature and scope of the
         examination or investigation upon which the statement or opinion
         contained in the certificate or opinion is based;

                  (3) a statement that, in the opinion of each such Person, that
         Person has made such examination or investigation as is necessary to
         enable the Person to express an informed opinion as to whether or not
         such covenant or condition has been complied with; and

                  (4) a statement as to whether or not, in the opinion of each
         such Person, such condition or covenant has been complied with,
         provided that

                                       90
<PAGE>

         an Opinion of Counsel may rely on an Officers' Certificate or
         certificates of public officials with respect to matters of fact.

         SECTION 12.06. Payment Date Other Than a Business Day. If any payment
with respect to a payment of any principal of, premium, if any, or interest on
any Note (including any payment to be made on any date fixed for redemption or
purchase of any Note) is due on a day which is not a Business Day, then the
payment need not be made on such date, but may be made on the next Business Day
with the same force and effect as if made on such date, and no interest will
accrue for the intervening period.

         SECTION 12.07. Governing Law. The Indenture, including any Note
Guarantees, and the Notes shall be governed by, and construed in accordance
with, the laws of the State of New York.

         SECTION 12.08. No Adverse Interpretation of Other Agreements. The
Indenture may not be used to interpret another indenture or loan or debt
agreement of the Company or any Subsidiary of the Company, and no such indenture
or loan or debt agreement may be used to interpret the Indenture.

         SECTION 12.09. Successors. All agreements of the Company or any
Guarantor in the Indenture and the Notes will bind its successors. All
agreements of the Trustee in the Indenture will bind its successor.

         SECTION 12.10. Duplicate Originals. The parties may sign any number of
copies of the Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement.

         SECTION 12.11. Separability. In case any provision in the Indenture or
in the Notes is invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or
impaired thereby.

         SECTION 12.12. Table of Contents and Headings. The Table of Contents,
Cross-Reference Table and headings of the Articles and Sections of the Indenture
have been inserted for convenience of reference only, are not to be considered a
part of the Indenture and in no way modify or restrict any of the terms and
provisions of the Indenture.

         SECTION 12.13. No Liability of Directors, Officers, Employees,
Incorporators, Members and Stockholders. No director, officer, employee,
incorporator, member or stockholder of the Company or any Guarantor, as such,
will have any liability for any obligations of the Company or such Guarantor
under the Notes, any Note Guarantee or the Indenture or for any claim based on,

                                       91
<PAGE>

in respect of, or by reason of, such obligations. Each Holder of Notes by
accepting a Note waives and releases all such liability. The waiver and release
are part of the consideration for issuance of the Notes.

                                       92
<PAGE>

                                   SIGNATURES

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

                                    SYBRON DENTAL SPECIALTIES, INC.,
                                    as Issuer

                                    By: /s/ STEPHEN J. TOMASSI
                                        ----------------------------------------
                                        Name: Stephen J. Tomassi
                                        Title: Vice President, General Counsel
                                               and Secretary

                                    SYBRON DENTAL MANAGEMENT, INC.
                                    as Guarantor

                                    By: /s/ GREGORY D. WALLER
                                        ----------------------------------------
                                        Name: Gregory D. Waller
                                        Title: Treasurer

                                    LRS ACQUISITION CORP.
                                    as Guarantor

                                    By: /s/ WILLIAM P. CUMMING
                                        ----------------------------------------
                                        Name: William P. Cumming
                                        Title: Treasurer

                                    ORMCO CORPORATION
                                    as Guarantor

                                    By: /s/ WILLIAM P. CUMMING
                                        ----------------------------------------
                                        Name: William P. Cumming
                                        Title: Treasurer

                                    ALLESEE ORTHODONTIC APPLIANCES, INC.
                                    as Guarantor

                                    By: /s/ WILLIAM P. CUMMING
                                        ----------------------------------------
                                        Name: William P. Cumming
                                        Title: Treasurer

                                       93
<PAGE>

                                    KERR CORPORATION
                                    as Guarantor

                                    By: /s/ STEVEN DUNKERKEN
                                        ----------------------------------------
                                        Name: Steven Dunkerken
                                        Title: Treasurer

                                    METREX RESEARCH CORPORATION
                                    as Guarantor

                                    By: /s/ Kami Latimer
                                        ----------------------------------------
                                        Name: KAMI LATIMER
                                        Title: Secretary

                                    SYBRON CANADA HOLDINGS, INC.
                                    as Guarantor

                                    By: /s/ STEVEN DUNKERKEN
                                        ----------------------------------------
                                        Name: Steven Dunkerken
                                        Title: Treasurer

                                    PINNACLE PRODUCTS, INC.
                                    as Guarantor

                                    By: /s/ Peter Foster
                                        ----------------------------------------
                                        Name: PETER FOSTER
                                        Title: Secretary

                                    WILMINGTON TRUST COMPANY
                                    as Trustee

                                    By: /s/ Michael W. Diaz
                                        ----------------------------------------
                                        Name: MICHAEL W. DIAZ
                                        Title: Authorized Signer

                                       94
<PAGE>

                                                                       EXHIBIT A

                                 [FACE OF NOTE]

                         SYBRON DENTAL SPECIALTIES, INC.

                    8 1/8% Senior Subordinated Note Due 2012

                                                 [CUSIP]  [CINS]
                                                                 ---------------

No.                                                             $
                                                                 ---------------

         Sybron Dental Specialties, Inc. , a Delaware corporation (the
"COMPANY", which term includes any successor under the Indenture hereinafter
referred to), for value received, promises to pay to ____________________, or
its registered assigns, the principal sum of ____________ DOLLARS ($______) or
such other amount as indicated on the Schedule of Exchange of Notes attached
hereto on June 15, 2012.

         [Initial](1) Interest Rate:8 1/8% per annum.

         Interest Payment Dates: June 15 and December 15, commencing December
15, 2002.

         Regular Record Dates: June 1 and December 1.

         Reference is hereby made to the further provisions of this Note set
forth on the reverse hereof, which will for all purposes have the same effect as
if set forth at this place.

----------

         (1) For Initial Notes or Initial Additional Notes only.

                                      A-1
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Note to be signed
manually or by facsimile by its duly authorized officers.

Date:                                    SYBRON DENTAL SPECIALTIES, INC.

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

                                      A-2
<PAGE>

                (Form of Trustee's Certificate of Authentication)

         This is one of the 8 1/8% Senior Subordinated Notes Due 2012 described
in the Indenture referred to in this Note.

                                   WILMINGTON TRUST COMPANY, as Trustee

                                   By:
                                      ----------------------------------------
                                      Authorized Signatory

                                      A-3
<PAGE>

                             [REVERSE SIDE OF NOTE]

                         SYBRON DENTAL SPECIALTIES, INC.

                    8 1/8% Senior Subordinated Note Due 2012

1.       Principal and Interest.

         The Company promises to pay the principal of this Note on June 15,
2012.

         The Company promises to pay interest on the principal amount of this
Note on each interest payment date, as set forth on the face of this Note, at
the rate of 8 1/8% per annum [(subject to adjustment as provided below)].1

         Interest will be payable semiannually (to the holders of record of the
Notes at the close of business on the June 1 or December 1 immediately preceding
the interest payment date) on each interest payment date, commencing December
15, 2002.

         [The Holder of this Note is entitled to the benefits of the
Registration Rights Agreement, dated June 6, 2002, between the Company and the
Initial Purchasers named therein (the "REGISTRATION RIGHTS AGREEMENT"). In the
event that neither the Exchange Offer Registration Statement (as defined in the
Registration Rights Agreement) nor the Shelf Registration Statement (as defined
in the Registration Rights Agreement) is declared effective on or prior to the
date that is 180 days after the Issue Date (the "EFFECTIVENESS DEADLINE"), the
interest rate on this Note will increase by a rate of 0.25% per annum for the
first 90-day period increasing by an additional 0.25% per annum with respect to
each subsequent 90-day period up to a maximum of 0.50% per annum until the
Exchange Offer Registration Statement or the Shelf Registration Statement is
declared effective by the Commission. If the Exchange Offer Registration
Statement is declared effective but the Exchange Offer is not consummated on or
prior to the earlier to occur of 30 Business Days after the date of
effectiveness of the Exchange Offer Registration Statement or 30 days after the
Effectiveness Deadline, the interest rate on this Note will increase by a rate
of 0.25% per annum for the first 90-day period increasing by an additional 0.25%
per annum with respect to each subsequent 90-day period up to a maximum of 0.50%
per annum until the Exchange Offer is consummated. The interest rate on this
Note will not

----------

         (1) Include only for Initial Note or Initial Additional Note.

                                      A-4

<PAGE>

increase by more than 0.50% per annum notwithstanding the Company's failure to
meet more than one of these requirements.](2)

         Interest on this Note will accrue from the most recent date to which
interest has been paid on this Note [or the Note surrendered in exchange for
this Note](3) (or, if there is no existing default in the payment of interest
and if this Note is authenticated between a regular record date and the next
interest payment date, from such interest payment date) or, if no interest has
been paid, from [the Issue Date].(4) Interest will be computed in the basis of a
360-day year of twelve 30-day months.

         The Company will pay interest on overdue principal, premium, if any,
and interest at a rate per annum that is 2% in excess of 8 1/8%. Interest not
paid when due and any interest on principal, premium or interest not paid when
due will be paid to the Persons that are Holders on a special record date, which
will be the 15th day preceding the date fixed by the Company for the payment of
such interest, whether or not such day is a Business Day. At least 15 days
before a special record date, the Company will send to each Holder and to the
Trustee a notice that sets forth the special record date, the payment date and
the amount of interest to be paid.

2.       Indentures; Subordination; Note Guaranty.

         This is one of the Notes issued under an Indenture dated as of June 6,
2002 (as amended from time to time, the "INDENTURE"), among the Company, the
Guarantors party thereto and Wilmington Trust Company, as Trustee. Capitalized
terms used herein are used as defined in the Indenture unless otherwise
indicated. The terms of the Notes include those stated in the Indenture and
those made part of the Indenture by reference to the Trust Indenture Act. The
Notes are subject to all such terms, and Holders are referred to the Indenture
and the Trust Indenture Act for a statement of all such terms. To the extent
permitted by applicable law, in the event of any inconsistency between the terms
of this Note and the terms of the Indenture, the terms of the Indenture will
control.

         The Notes are general unsecured obligations of the Company. The
Indenture limits the original aggregate principal amount of the Notes to
$150,000,000, but Additional Notes may be issued pursuant to the Indenture, and
the originally issued Notes and all such Additional Notes vote together for all
purposes as a single class. This Note is subordinated as set forth in the
Indenture

----------

         (2) Include only for Initial Note or Initial Additional Note.

         (3) Include only for Exchange Note.

         (4) For Additional Notes, should be the date of their original issue.

                                      A-5
<PAGE>

to all Obligations in respect of Senior Debt (including all interest accrued or
accruing on Senior Debt after the commencement of any bankruptcy, insolvency or
reorganization or similar case or proceeding at the contract rate (including,
without limitation, any contract rate applicable upon default) specified in the
relevant documentation, whether or not the claim for the interest is allowed as
a claim in the case or proceeding with respect to the Senior Debt). This Note is
guarantied, on a subordinated basis, as set forth in the Indenture.

3.       Redemption and Repurchase; Discharge Prior to Redemption or Maturity.

         This Note is subject to optional redemption, and may be the subject of
an Offer to Purchase, as further described in the Indenture. There is no sinking
fund or mandatory redemption applicable to this Note.

         If the Company deposits with the Trustee money or U.S. Government
Obligations sufficient to pay the then outstanding principal of, premium, if
any, and accrued interest on the Notes to redemption or maturity, the Company
may in certain circumstances be discharged from the Indenture and the Notes or
may be discharged from certain of its obligations under certain provisions of
the Indenture.

4.       Registered Form; Denominations; Transfer; Exchange.

         The Notes are in registered form without coupons in denominations of
$1,000 principal amount and any multiple of $1,000 in excess thereof. A Holder
may register the transfer or exchange of Notes in accordance with the Indenture.
The Trustee may require a Holder to furnish appropriate endorsements and
transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. Pursuant to the Indenture, there are certain periods during which
the Trustee will not be required to issue, register the transfer of or exchange
any Note or certain portions of a Note.

5.       Defaults and Remedies.

         If an Event of Default, as defined in the Indenture, occurs and is
continuing, the Trustee or the Holders of at least 25% in principal amount of
the Notes may declare all the Notes to be due and payable. If a bankruptcy or
insolvency default with respect to the Company occurs and is continuing, the
Notes automatically become due and payable. Holders may not enforce the
Indenture or the Notes except as provided in the Indenture. The Trustee may
require indemnity satisfactory to it before it enforces the Indenture or the
Notes. Subject to certain limitations, Holders of a majority in principal amount
of the Notes then outstanding may direct the Trustee in its exercise of
remedies.

                                      A-6
<PAGE>

6.       Amendment and Waiver.

         Subject to certain exceptions, the Indenture and the Notes may be
amended, or default may be waived, with the consent of the Holders of a majority
in principal amount of the outstanding Notes. Without notice to or the consent
of any Holder, the Company and the Trustee may amend or supplement the Indenture
or the Notes to, among other things, cure any ambiguity, defect or inconsistency
if such amendment or supplement does not adversely affect the interests of the
Holders in any material respect.

7.       Authentication.

         This Note is not valid until the Trustee (or Authenticating Agent)
signs the certificate of authentication on the other side of this Note.

8.       Governing Law.

         This Note shall be governed by, and construed in accordance with, the
laws of the State of New York.

9.       Abbreviations.

         Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as
tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to Minors
Act).

         The Company will furnish a copy of the Indenture to any Holder upon
written request and without charge.

                                      A-7
<PAGE>

                            [FORM OF TRANSFER NOTICE]

         FOR VALUE RECEIVED the undersigned registered holder hereby sell(s),
assign(s) and transfer(s) unto

Insert Taxpayer Identification No.

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

--------------------------------------------------------------------------------
    Please print or typewrite name and address including zip code of assignee

--------------------------------------------------------------------------------
                   the within Note and all rights thereunder,
                 hereby irrevocably constituting and appointing

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

attorney to transfer said Note on the books of the Company with full power of
substitution in the premises.

                                      A-8
<PAGE>

[THE FOLLOWING PROVISION TO BE INCLUDED ON ALL CERTIFICATES BEARING A RESTRICTED
LEGEND]

         In connection with any transfer of this Note occurring prior to
______________, the undersigned confirms that such transfer is made without
utilizing any general solicitation or general advertising and further as
follows:

                                    Check One

[ ]      (1) This Note is being transferred to a "qualified institutional buyer"
in compliance with Rule 144A under the Securities Act of 1933, as amended and
certification in the form of Exhibit F to the Indenture is being furnished
herewith.

[ ]      (2) This Note is being transferred to a Non-U.S. Person in compliance
with the exemption from registration under the Securities Act of 1933, as
amended, provided by Regulation S thereunder, and certification in the form of
Exhibit E to the Indenture is being furnished herewith.

                                       or

[ ]      (3) This Note is being transferred other than in accordance with (1) or
(2) above and documents are being furnished which comply with the conditions of
transfer set forth in this Note and the Indenture.

         If none of the foregoing boxes is checked, the Trustee is not obligated
to register this Note in the name of any Person other than the Holder hereof
unless and until the conditions to any such transfer of registration set forth
herein and in the Indenture have been satisfied.

Date:
     ------------------------
                                                     --------------------------
                                                     Seller

                                                     By
                                                       ------------------------

                              NOTICE: The signature to this assignment must
                              correspond with the name as written upon the face
                              of the within-mentioned instrument in every
                              particular, without alteration or any change
                              whatsoever.

                                      A-9
<PAGE>

Signature Guarantee:(5)
                       ------------------------------------------

                           By
                              -----------------------------------
                           To be executed by an executive officer

----------

         (5) Signatures must be guaranteed by an "ELIGIBLE GUARANTOR
INSTITUTION" meeting the requirements of the Registrar, which requirements
include membership or participation in the Securities Transfer Association
Medallion Program ("STAMP") or such other "SIGNATURE GUARANTEE PROGRAM" as may
be determined by the Registrar in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934, as amended.

                                      A-10
<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

         If you wish to have all of this Note purchased by the Company pursuant
to Section 4.14 ("Limitation on Asset Sales") or Section 4.13 ("Repurchase of
Notes Upon a Change of Control") of the Indenture, check the box: 9

         If you wish to have a portion of this Note purchased by the Company
pursuant to Section 4.14 ("Limitation on Asset Sales") or Section 4.13
("Repurchase of Notes Upon a Change of Control") of the Indenture, state the
amount (in original principal amount) below:

                  $
                   --------------------.

Date:
     ----------------

Your Signature:
               ------------------------------------

(Sign exactly as your name appears on the other side of this Note)

Signature Guarantee:(1)
                       --------------------------------------

----------

         (1) Signatures must be guaranteed by an "ELIGIBLE GUARANTOR
INSTITUTION" meeting the requirements of the Trustee, which requirements include
membership or participation in the Securities Transfer Association Medallion
Program ("STAMP") or such other "SIGNATURE GUARANTEE PROGRAM" as may be
determined by the Trustee in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.

                                      A-11
<PAGE>

                        SCHEDULE OF EXCHANGES OF NOTES(1)

The following exchanges of a part of this Global Note for Physical Notes or a
part of another Global Note have been made:

<Table>
<Caption>

                                                                              PRINCIPAL AMOUNT OF
                      AMOUNT OF DECREASE        AMOUNT OF INCREASE             THIS GLOBAL NOTE                  SIGNATURE OF
                      IN PRINCIPAL AMOUNT       IN PRINCIPAL AMOUNT             FOLLOWING SUCH              AUTHORIZED OFFICER OF
  DATE OF EXCHANGE    OF THIS GLOBAL NOTE       OF THIS GLOBAL NOTE          DECREASE (OR INCREASE)                TRUSTEE
  ----------------    -------------------       -------------------          ----------------------         ---------------------
<S>                   <C>                       <C>                          <C>                            <C>

</Table>

----------

         (1) For Global Notes

                                      A-12
<PAGE>

                                                                       EXHIBIT B

                             SUPPLEMENTAL INDENTURE

                          dated as of           ,
                                      ----------  ----

                                      among

                         SYBRON DENTAL SPECIALTIES, INC.

                           The Guarantors Party Hereto

                                       and

                            WILMINGTON TRUST COMPANY,
                                   as Trustee

                                   ----------

                                     8 1/8%
                       Senior Subordinated Notes due 2012

<PAGE>

         THIS SUPPLEMENTAL INDENTURE (this "SUPPLEMENTAL INDENTURE"), entered
into as of __________, ____, among SYBRON DENTAL SPECIALTIES, INC., a Delaware
corporation (the "COMPANY"), [insert each Guarantor executing this Supplemental
Indenture and its jurisdiction of incorporation] (each an "UNDERSIGNED") and
WILMINGTON TRUST COMPANY, as trustee (the "TRUSTEE").

                                    RECITALS

         WHEREAS, the Company, the Guarantors party thereto and the Trustee
entered into the Indenture, dated as of June 6, 2002 (the "INDENTURE"), relating
to the Company's 8 1/8% Senior Subordinated Notes due 2012 (the "NOTES");

         WHEREAS, as a condition to the Trustee entering into the Indenture and
the purchase of the Notes by the Holders, the Company agreed pursuant to the
Indenture to cause any newly acquired or created Domestic Restricted
Subsidiaries to provide a Guarantee.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained and intending to be legally bound, the parties to this
Supplemental Indenture hereby agree as follows:

         SECTION 1. Capitalized terms used herein and not otherwise defined
herein are used as defined in the Indenture.

         SECTION 2. Each Undersigned, by its execution of this Supplemental
Indenture, agrees to be a Guarantor under the Indenture and to be bound by the
terms of the Indenture applicable to Guarantors, including, but not limited to,
Article 11 thereof.

         SECTION 3. This Supplemental Indenture shall be governed by and
construed in accordance with the laws of the State of New York.

         SECTION 4. This Supplemental Indenture may be signed in various
counterparts which together will constitute one and the same instrument.

         SECTION 5. This Supplemental Indenture is an amendment supplemental to
the Indenture and the Indenture and this Supplemental Indenture will henceforth
be read together.

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

                                      B-1
<PAGE>

                                    SYBRON DENTAL SPECIALTIES, INC.,
                                    as Issuer

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

                                    [GUARANTOR]

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

                                    WILMINGTON TRUST COMPANY,
                                    as Trustee

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

                                      B-2
<PAGE>

                                                                       EXHIBIT C

                                RESTRICTED LEGEND

         THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR
OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS
ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER

         (1) REPRESENTS THAT

                  (A) IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A "QUALIFIED
         INSTITUTIONAL BUYER" (WITHIN THE MEANING OF RULE 144A UNDER THE
         SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH
         RESPECT TO EACH SUCH ACCOUNT,

                  (B) IT IS AN INSTITUTIONAL "ACCREDITED INVESTOR" (WITHIN THE
         MEANING OF RULE 501(a) (1), (2), (3) OR (7) UNDER THE SECURITIES ACT)
         (AN "INSTITUTIONAL ACCREDITED INVESTOR") OR

                  (C) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION
         S UNDER THE SECURITIES ACT) AND

          (2) AGREES FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT OFFER,
SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN,
EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES AND ONLY

                  (A) TO THE COMPANY,

                  (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME
         EFFECTIVE UNDER THE SECURITIES ACT,

                  (C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE
         144A UNDER THE SECURITIES ACT,

                  (D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF
         REGULATION S UNDER THE SECURITIES ACT,

                                       C-1
<PAGE>

                  (E) IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000, TO AN
         INSTITUTIONAL ACCREDITED INVESTOR THAT, PRIOR TO SUCH TRANSFER,
         DELIVERS TO THE TRUSTEE A DULY COMPLETED AND SIGNED CERTIFICATE (THE
         FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) RELATING TO THE
         RESTRICTIONS ON TRANSFER OF THIS NOTE, OR

                  (F) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY
         RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM
         THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR
(2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE
OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE
REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(E) OR (F) ABOVE, THE COMPANY
RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS,
CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO
DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE
AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.

                                      C-2
<PAGE>

                                                                       EXHIBIT D

                                   DTC LEGEND

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE COMPANY OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN.

         TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE.

                                      D-1
<PAGE>

                                                                       EXHIBIT E

                            Regulation S Certificate

                                                                 ---------, ----

WILMINGTON TRUST COMPANY
Rodney Square South
1100 North Market Street
Wilmington, Delaware 19890

Attention: Corporate Trust Administration

         Re: Sybron Dental Specialties, Inc.
             8 1/8% Senior Subordinated
             Notes due 2012 (the "NOTES") Issued under the
             Indenture (the "INDENTURE") dated as of June 6, 2002
             relating to the Notes

Ladies and Gentlemen:

         Terms are used in this Certificate as used in Regulation S ("Regulation
S") under the Securities Act of 1933, as amended (the "Securities Act"), except
as otherwise stated herein.

         [CHECK A OR B AS APPLICABLE.]

         [ ] A. This Certificate relates to our proposed transfer of $____
                principal amount of Notes issued under the Indenture. We hereby
                certify as follows:

                  1. The offer and sale of the Notes was not and will not be
                     made to a person in the United States (unless such person
                     is excluded from the definition of "U.S. person" pursuant
                     to Rule 902(k)(2)(vi) or the account held by it for which
                     it is acting is excluded from the definition of "U.S.
                     person" pursuant to Rule 902(k)(2)(i) under the
                     circumstances described in Rule 902(h)(3)) and such offer
                     and sale was not and will not be specifically targeted at
                     an identifiable group of U.S. citizens abroad.

                  2. Unless the circumstances described in the parenthetical in
                     paragraph 1 above are applicable, either (a) at the time

                                      E-1
<PAGE>

                     the buy order was originated, the buyer was outside the
                     United States or we and any person acting on our behalf
                     reasonably believed that the buyer was outside the United
                     States or (b) the transaction was executed in, on or
                     through the facilities of a designated offshore securities
                     market, and neither we nor any person acting on our behalf
                     knows that the transaction was pre-arranged with a buyer in
                     the United States.

                  3. Neither we, any of our affiliates, nor any person acting on
                     our or their behalf has made any directed selling efforts
                     in the United States with respect to the Notes.

                  4. The proposed transfer of Notes is not part of a plan or
                     scheme to evade the registration requirements of the
                     Securities Act.

                  5. If we are a dealer or a person receiving a selling
                     concession, fee or other remuneration in respect of the
                     Notes, and the proposed transfer takes place during the
                     Restricted Period (as defined in the Indenture), or we are
                     an officer or director of the Company or an Initial
                     Purchaser (as defined in the Indenture), we certify that
                     the proposed transfer is being made in accordance with the
                     provisions of Rule 904(b) of Regulation S.

         [ ] B. This Certificate relates to our proposed exchange of $____
                principal amount of Notes issued under the Indenture for an
                equal principal amount of Notes to be held by us. We hereby
                certify as follows:

                  1. At the time the offer and sale of the Notes was made to us,
                     either (i) we were not in the United States or (ii) we were
                     excluded from the definition of "U.S. person" pursuant to
                     Rule 902(k)(2)(vi) or the account held by us for which we
                     were acting was excluded from the definition of "U.S.
                     person" pursuant to Rule 902(k)(2)(i) under the
                     circumstances described in Rule 902(h)(3); and we were not
                     a member of an identifiable group of U.S. citizens abroad.

                  2. Unless the circumstances described in paragraph 1(ii) above
                     are applicable, either (a) at the time our buy order was
                     originated, we were outside the United States or (b) the
                     transaction was executed in, on or through the facilities
                     of a designated offshore securities market and we did not
                     pre-arrange the transaction in the United States.

                                      E-2
<PAGE>

                  3. The proposed exchange of Notes is not part of a plan or
                     scheme to evade the registration requirements of the
                     Securities Act.

         You and the Company are entitled to rely upon this Certificate and are
irrevocably authorized to produce this Certificate or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

                                    Very truly yours,

                                    [NAME OF SELLER (FOR TRANSFERS)
                                             OR OWNER (FOR EXCHANGES)]

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

Date:
     --------------------------

                                      E-3
<PAGE>

                                                                       EXHIBIT F

                              Rule 144A Certificate

                                                                 ---------, ----

WILMINGTON TRUST COMPANY
Rodney Square South
1100 North Market Street
Wilmington, Delaware 19890

Attention: Corporate Trust Administration

         Re:  SYBRON DENTAL SPECIALTIES, INC.
              8 1/8% SENIOR SUBORDINATED
              Notes due 2012 (the "NOTES") Issued under the
              Indenture (the "INDENTURE") dated as of
              June 6, 2002 relating to the Notes

Ladies and Gentlemen:

         TO BE COMPLETED BY PURCHASER IF (1) ABOVE IS CHECKED.

         This Certificate relates to:

         [CHECK A OR B AS APPLICABLE.]

         [ ] A.  Our proposed purchase of $____ principal amount of Notes issued
                 under the Indenture.

         [ ] B.  Our proposed exchange of $____ principal amount of Notes issued
                 under the Indenture for an equal principal amount of Notes to
                 be held by us.

         We and, if applicable, each account for which we are acting in the
aggregate owned and invested more than $100,000,000 in securities of issuers
that are not affiliated with us (or such accounts, if applicable), as of
_________, 200_, which is a date on or since close of our most recent fiscal
year. We and, if applicable, each account for which we are acting, are a
qualified institutional buyer within the meaning of Rule 144A ("Rule 144A")
under the Securities Act of 1933, as amended (the "Securities Act"). If we are
acting on behalf of an account, we exercise sole investment discretion with
respect to such account. We are aware that the transfer of Notes to us, or such
exchange, as applicable, is being made in

                                      F-1
<PAGE>

reliance upon the exemption from the provisions of Section 5 of the Securities
Act provided by Rule 144A. Prior to the date of this Certificate we have
received such information regarding the Company as we have requested pursuant to
Rule 144A(d)(4) or have determined not to request such information.

         You and the Company are entitled to rely upon this Certificate and are
irrevocably authorized to produce this Certificate or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

                                    Very truly yours,

                                    [NAME OF PURCHASER (FOR
                                         TRANSFERS) OR OWNER (FOR
                                         EXCHANGES)]

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

Date:
     -------------------------

                                      F-2
<PAGE>

                                                                       EXHIBIT G

                Institutional Accredited Investor Certificate(1)

WILMINGTON TRUST COMPANY
Rodney Square South
1100 North Market Street
Wilmington, Delaware 19890

Attention: Corporate Trust Administration

         Re:  Sybron Dental Specialties, Inc.
              8 1/8% Senior Subordinated
              Notes due 2012 (the "NOTES") Issued under
              the Indenture (the "INDENTURE") dated as
              of June 6, 2002 relating to the Notes

Ladies and Gentlemen:

         This Certificate relates to:

         [CHECK A OR B AS APPLICABLE.]

         [ ]  A. Our proposed purchase of $____ principal amount of Notes issued
                 under the Indenture.

         [ ]  B. Our proposed exchange of $____ principal amount of Notes issued
                 under the Indenture for an equal principal amount of Notes to
                 be held by us.

         We hereby confirm that:

              1. We are an institutional "accredited investor" within the
                 meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities
                 Act of 1933, as amended (the "Securities Act") (an
                 "Institutional Accredited Investor").

              2. Any acquisition of Notes by us will be for our own account or
                 for the account of one or more other Institutional Accredited
                 Investors as to which we exercise sole investment discretion.

----------

         (1) REMINDER: DO NOT INCLUDE IN GLOBAL NOTES ONLY (BOOK-ENTRY) DEAL.

                                      G-1
<PAGE>

              3. We have such knowledge and experience in financial and business
                 matters that we are capable of evaluating the merits and risks
                 of an investment in the Notes and we and any accounts for which
                 we are acting are able to bear the economic risks of and an
                 entire loss of our or their investment in the Notes.

              4. We are not acquiring the Notes with a view to any distribution
                 thereof in a transaction that would violate the Securities Act
                 or the securities laws of any State of the United States or any
                 other applicable jurisdiction; provided that the disposition of
                 our property and the property of any accounts for which we are
                 acting as fiduciary will remain at all times within our and
                 their control.

              5. We acknowledge that the Notes have not been registered under
                 the Securities Act and that the Notes may not be offered or
                 sold within the United States or to or for the benefit of U.S.
                 persons except as set forth below.

              6. The principal amount of Notes to which this Certificate relates
                 is at least equal to $100,000.

         We agree for the benefit of the Company, on our own behalf and on
behalf of each account for which we are acting, that such Notes may be offered,
sold, pledged or otherwise transferred only in accordance with the Securities
Act and any applicable securities laws of any State of the United States and
only (a) to the Company, (b) pursuant to a registration statement which has
become effective under the Securities Act, (c) to a qualified institutional
buyer in compliance with Rule 144A under the Securities Act, (d) in an offshore
transaction in compliance with Rule 904 of Regulation S under the Securities
Act, (e) in a principal amount of not less than $100,000, to an Institutional
Accredited Investor that, prior to such transfer, delivers to the Trustee a duly
completed and signed certificate (the form of which may be obtained from the
Trustee) relating to the restrictions on transfer of the Notes or (f) pursuant
to an exemption from registration provided by Rule 144 under the Securities Act
or any other available exemption from the registration requirements of the
Securities Act.

         Prior to the registration of any transfer in accordance with (c) or (d)
above, we acknowledge that a duly completed and signed certificate (the form of
which may be obtained from the Trustee) must be delivered to the Trustee. Prior
to the registration of any transfer in accordance with (e) or (f) above, we
acknowledge that the Company reserves the right to require the delivery of such
legal opinions, certifications or other evidence as may reasonably be required
in order to determine that the proposed transfer is being made in compliance
with the

                                      G-2
<PAGE>

Securities Act and applicable state securities laws. We acknowledge that no
representation is made as to the availability of any Rule 144 exemption from the
registration requirements of the Securities Act.

         We understand that the Trustee will not be required to accept for
registration of transfer any Notes acquired by us, except upon presentation of
evidence satisfactory to the Company and the Trustee that the foregoing
restrictions on transfer have been complied with. We further understand that the
Notes acquired by us will be in the form of definitive physical certificates and
that such certificates will bear a legend reflecting the substance of the
preceding paragraph. We further agree to provide to any person acquiring any of
the Notes from us a notice advising such person that resales of the Notes are
restricted as stated herein and that certificates representing the Notes will
bear a legend to that effect.

         We agree to notify you promptly in writing if any of our
acknowledgments, representations or agreements herein ceases to be accurate and
complete.

         We represent to you that we have full power to make the foregoing
acknowledgments, representations and agreements on our own behalf and on behalf
of any account for which we are acting.

         You and the Company are entitled to rely upon this Certificate and are
irrevocably authorized to produce this Certificate or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

                                     Very truly yours,

                                     [NAME OF PURCHASER (FOR
                                          TRANSFERS) OR OWNER (FOR
                                          EXCHANGES)]

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

Date:
     -------------------------------

                                      G-3
<PAGE>

         Upon transfer, the Notes would be registered in the name of the new
beneficial owner as follows:

By:
   --------------------------------------

Date:
     ------------------------------------

Taxpayer ID number:
                   ----------------------

                                      G-4
<PAGE>

                                                                       EXHIBIT H

                   [COMPLETE FORM I OR FORM II AS APPLICABLE.]

                                    [FORM I]

                       Certificate of Beneficial Ownership

To:      WILMINGTON TRUST COMPANY
         Rodney Square South
         1100 North Market Street
         Wilmington, Delaware 19890

         Attention: Corporate Trust Administration OR

         [Euroclear Bank S.A./N.V., as operator of the Euroclear System] OR

         [Clearstream Banking SA]

         Re:      Sybron Dental Specialties, Inc.
                  8 1/8% Senior Subordinated
                  Notes due 2012 (the "NOTES") Issued under
                  the Indenture (the "INDENTURE") dated as
                  of June 6, 2002 relating to the Notes

Ladies and Gentlemen:

         We are the beneficial owner of $____ principal amount of Notes issued
under the Indenture and represented by a Temporary Offshore Global Note (as
defined in the Indenture).

         We hereby certify as follows:

         [CHECK A OR B AS APPLICABLE.]

         [ ] A. We are a non-U.S. person (within the meaning of Regulation S
                under the Securities Act of 1933, as amended).

         [ ] B. We are a U.S. person (within the meaning of Regulation S under
                the Securities Act of 1933, as amended) that purchased the Notes
                in a transaction that did not require registration under the
                Securities Act of 1933, as amended.

                                       H-1
<PAGE>

         You and the Company are entitled to rely upon this Certificate and are
irrevocably authorized to produce this Certificate or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

                                      Very truly yours,

                                      [NAME OF BENEFICIAL OWNER]

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

Date:
     -----------------------------

                                      H-2
<PAGE>

                                    [FORM II]

                       Certificate of Beneficial Ownership

To:      WILMINGTON TRUST COMPANY
         Rodney Square South
         1100 North Market Street
         Wilmington, Delaware 19890
         Attention: Corporate Trust Administration

Re:      Sybron Dental Specialties, Inc.
         8 1/8% Senior Subordinated
         Notes due 2012 (the "NOTES") Issued under
         the Indenture (the "INDENTURE") dated as
         of June 6, 2002 relating to the Notes

Ladies and Gentlemen:

         This is to certify that based solely on certifications we have received
in writing, by tested telex or by electronic transmission from member
organizations ("Member Organizations") appearing in our records as persons being
entitled to a portion of the principal amount of Notes represented by a
Temporary Offshore Global Note issued under the above-referenced Indenture, that
as of the date hereof, $____ principal amount of Notes represented by the
Temporary Offshore Global Note being submitted herewith for exchange is
beneficially owned by persons that are either (i) non-U.S. persons (within the
meaning of Regulation S under the Securities Act of 1933, as amended) or (ii)
U.S. persons that purchased the Notes in a transaction that did not require
registration under the Securities Act of 1933, as amended.

         We further certify that (i) we are not submitting herewith for exchange
any portion of such Temporary Offshore Global Note excepted in such Member
Organization certifications and (ii) as of the date hereof we have not received
any notification from any Member Organization to the effect that the statements
made by such Member Organization with respect to any portion of such Temporary
Offshore Global Note submitted herewith for exchange are no longer true and
cannot be relied upon as of the date hereof.

         You and the Company are entitled to rely upon this Certificate and are
irrevocably authorized to produce this Certificate or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

                                      H-3
<PAGE>

                                    Yours faithfully,

                                    [EUROCLEAR BANK S.A./N.V., as
                                         operator of the Euroclear System]

                                                OR

                                    [CLEARSTREAM BANKING SA]

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

Date:
     --------------------------

                                      H-4
<PAGE>

                                                                       EXHIBIT I

THIS NOTE IS A TEMPORARY GLOBAL NOTE. PRIOR TO THE EXPIRATION OF THE RESTRICTED
PERIOD APPLICABLE HERETO, BENEFICIAL INTERESTS HEREIN MAY NOT BE HELD BY ANY
PERSON OTHER THAN (1) A NON-U.S. PERSON OR (2) A U.S. PERSON THAT PURCHASED SUCH
INTEREST IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). BENEFICIAL INTERESTS HEREIN ARE NOT
EXCHANGEABLE FOR PHYSICAL NOTES OTHER THAN A PERMANENT GLOBAL NOTE IN ACCORDANCE
WITH THE TERMS OF THE INDENTURE. TERMS IN THIS LEGEND ARE USED AS USED IN
REGULATION S UNDER THE SECURITIES ACT.

                                       I-1<PAGE>
                                  $150,000,000

                         SYBRON DENTAL SPECIALTIES, INC.

                       SENIOR SUBORDINATED NOTES DUE 2012

                          REGISTRATION RIGHTS AGREEMENT

                                                                    June 6, 2002

Credit Suisse First Boston Corporation
Lehman Brothers Inc.
Goldman, Sachs & Co.
Robert W. Baird & Co. Incorporated
Credit Lyonnais Securities (USA) Inc
Fleet Securities, Inc.
Tokyo-Mitsubishi International plc,

c/o   Credit Suisse First Boston Corporation
      Eleven Madison Avenue
      New York, New York 10010-3629

Dear Sirs:

Sybron Dental Specialties, Inc., a Delaware corporation (the "ISSUER"), proposes
to issue and sell to Credit Suisse First Boston Corporation, Lehman Brothers
Inc., Goldman, Sachs & Co. and Robert W. Baird & Co. Incorporated, Credit
Lyonnais Securities (USA) Inc., Fleet Securities, Inc. and Tokyo-Mitsubishi
International plc (collectively, the "INITIAL PURCHASERS"), upon the terms set
forth in a purchase agreement of even date herewith (the "PURCHASE AGREEMENT"),
$150,000,000 aggregate principal amount of its Senior Subordinated Notes due
2012 (the "INITIAL SECURITIES") to be guaranteed by the subsidiaries of the
Company listed on Schedule I hereto (the "GUARANTORS" and, collectively with the
Issuer, the "COMPANY"). The Initial Securities will be issued pursuant to an
Indenture, dated as of June 6, 2002 (the "INDENTURE"), among the Company and ,
Wilmington Trust Company as trustee (the "TRUSTEE"). As an inducement to the
Initial Purchasers to enter into the Purchase Agreement, the Company agrees with
the Initial Purchasers, for the benefit of the Initial Purchasers and the
holders of the Securities (as defined below) (collectively the "HOLDERS"), as
follows:

         1. Registered Exchange Offer. Unless not permitted by applicable law
(after the Company has complied with the ultimate paragraph of this Section 1),
the Company shall prepare and, not later than 60 days (such 60th day being a
"FILING DEADLINE") after the date on which the Initial Purchasers purchase the
Initial Securities pursuant to the Purchase Agreement (the "CLOSING DATE"), file
with the Securities and Exchange Commission (the "COMMISSION") a registration
statement (the "EXCHANGE OFFER REGISTRATION STATEMENT") on an appropriate form
under the Securities Act of 1933, as amended (the "SECURITIES ACT"), with
respect to a proposed offer (the "REGISTERED EXCHANGE OFFER") to the Holders of
Transfer Restricted Securities (as defined in Section 6 hereof), who are not
prohibited by any law or policy of the Commission from participating in the
Registered Exchange Offer, to issue and deliver to such Holders, in exchange for
the Initial Securities, a like aggregate principal amount of debt securities of
the Company issued under the Indenture, identical in all material respects to
the Initial Securities (except that such debt securities shall not be subject to
the transfer restrictions and will not be entitled to registration rights) and
registered under the Securities Act (the "EXCHANGE SECURITIES"). The Company
shall use its best efforts to (i) cause such Exchange Offer Registration
Statement to become effective under the Securities Act within 150 days after

                                                                               1
<PAGE>

the Closing Date (such 150th day being an "EFFECTIVENESS DEADLINE") and (ii)
keep the Exchange Offer Registration Statement effective for not less than 30
days (or longer, if required by applicable law) after the date notice of the
Registered Exchange Offer is mailed to the Holders (such period being called the
"EXCHANGE OFFER REGISTRATION PERIOD").

         If the Company commences the Registered Exchange Offer, the Company (i)
will be entitled to consummate the Registered Exchange Offer 30 days after such
commencement (provided that the Company has accepted all the Initial Securities
theretofore validly tendered in accordance with the terms of the Registered
Exchange Offer) and (ii) will be required to consummate the Registered Exchange
Offer no later than 30 days after the Effectiveness Deadline (such 30th day
being the "CONSUMMATION DEADLINE").

         Following the declaration of the effectiveness of the Exchange Offer
Registration Statement, the Company shall promptly commence the Registered
Exchange Offer, it being the objective of such Registered Exchange Offer to
enable each Holder of Transfer Restricted Securities electing to exchange the
Initial Securities for Exchange Securities (assuming that such Holder is not an
affiliate of the Company within the meaning of the Securities Act, acquires the
Exchange Securities in the ordinary course of such Holder's business and has no
arrangements with any person to participate in the distribution of the Exchange
Securities and is not prohibited by any law or policy of the Commission from
participating in the Registered Exchange Offer) to trade such Exchange
Securities from and after their receipt without any limitations or restrictions
under the Securities Act and without material restrictions under the securities
laws of the several states of the United States.

         The Company acknowledges that, pursuant to current interpretations by
the Commission's staff of Section 5 of the Securities Act, in the absence of an
applicable exemption therefrom, (i) each Holder which is a broker-dealer
electing to exchange Initial Securities, acquired for its own account as a
result of market making activities or other trading activities, for Exchange
Securities (an "EXCHANGING DEALER"), is required to deliver a prospectus
containing the information set forth in (a) Annex A hereto on the cover, (b)
Annex B hereto in the "Exchange Offer Procedures" section and the "Purpose of
the Exchange Offer" section, and (c) Annex C hereto in the "Plan of
Distribution" section of such prospectus in connection with a sale of any such
Exchange Securities received by such Exchanging Dealer pursuant to the
Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell
Securities (as defined below) acquired in exchange for Initial Securities
constituting any portion of an unsold allotment, is required to deliver a
prospectus containing the information required by Items 507 or 508 of Regulation
S-K under the Securities Act, as applicable, in connection with such sale.

         The Company shall use its best efforts to keep the Exchange Offer
Registration Statement effective and to amend and supplement the prospectus
contained therein, in order to permit such prospectus to be lawfully delivered
by all persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided, however, that (i) in the
case where such prospectus and any amendment or supplement thereto must be
delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be
the lesser of 180 days and the period ending on the date on which all Exchanging
Dealers and the Initial Purchasers have sold all Exchange Securities held by
them (unless such period is extended pursuant to Section 3(j) below) and (ii)
the Company shall make such prospectus and any amendment or supplement thereto
available to any broker-dealer for use in connection with any resale of any
Exchange Securities for a period of not less than 180 days after the
consummation of the Registered Exchange Offer.

         If, upon consummation of the Registered Exchange Offer, any Initial
Purchaser holds Initial Securities acquired by it as part of its initial
distribution, the Company, simultaneously with the delivery of the Exchange
Securities pursuant to the Registered Exchange Offer, shall issue and deliver to
such Initial Purchaser upon the written request of such Initial Purchaser, in
exchange (the "PRIVATE EXCHANGE") for the Initial Securities held by such
Initial Purchaser, a like principal amount of debt securities of the Company
issued under the Indenture and identical in all material respects to the Initial
Securities (the "PRIVATE

                                                                               2
<PAGE>

EXCHANGE SECURITIES"). The Initial Securities, the Exchange Securities and the
Private Exchange Securities are herein collectively called the "SECURITIES."

         In connection with the Registered Exchange Offer, the Company shall:

                  (a) mail to each Holder a copy of the prospectus forming part
         of the Exchange Offer Registration Statement, together with an
         appropriate letter of transmittal and related documents;

                  (b) keep the Registered Exchange Offer open for not less than
         30 days (or longer, if required by applicable law) after the date
         notice thereof is mailed to the Holders;

                  (c) utilize the services of a depositary for the Registered
         Exchange Offer with an address in the Borough of Manhattan, The City of
         New York, which may be the Trustee or an affiliate of the Trustee;

                  (d) permit Holders to withdraw tendered Securities at any time
         prior to the close of business, New York time, on the last business day
         on which the Registered Exchange Offer shall remain open; and

                  (e) otherwise comply with all applicable laws.

         As soon as practicable after the close of the Registered Exchange Offer
or the Private Exchange, as the case may be, the Company shall:

                  (x) accept for exchange all the Securities validly tendered
         and not withdrawn pursuant to the Registered Exchange Offer and the
         Private Exchange;

                  (y) deliver to the Trustee for cancellation all the Initial
         Securities so accepted for exchange; and

                  (z) cause the Trustee to authenticate and deliver promptly to
         each Holder of the Initial Securities, Exchange Securities or Private
         Exchange Securities, as the case may be, equal in principal amount to
         the Initial Securities of such Holder so accepted for exchange.

         The Indenture will provide that the Exchange Securities will not be
subject to the transfer restrictions set forth in the Indenture and that all the
Securities will vote and consent together on all matters as one class and that
none of the Securities will have the right to vote or consent as a class
separate from one another on any matter.

         Interest on each Exchange Security and Private Exchange Security issued
pursuant to the Registered Exchange Offer and in the Private Exchange will
accrue from the last interest payment date on which interest was paid on the
Initial Securities surrendered in exchange therefor (unless issued after an
interest record date and prior to an interest payment date, in which case
interest shall accrue from such interest payment date) or, if no interest has
been paid on the Initial Securities, from the date of original issue of the
Initial Securities.

         Each Holder participating in the Registered Exchange Offer shall be
required to represent to the Company that at the time of the consummation of the
Registered Exchange Offer (i) any Exchange Securities received by such Holder
will be acquired in the ordinary course of business, (ii) such Holder will have
no arrangements or understanding with any person to participate in the
distribution of the Securities or the Exchange Securities within the meaning of
the Securities Act, (iii) such Holder is not an "affiliate," as defined in Rule
405 of the Securities Act, of the Company or if it is an affiliate, such Holder
will comply with the registration and prospectus delivery requirements of the
Securities Act to the extent applicable,

                                                                               3
<PAGE>

(iv) if such Holder is not a broker-dealer, that it is not engaged in, and does
not intend to engage in, the distribution of the Exchange Securities and (v) if
such Holder is a broker-dealer, that it will receive Exchange Securities for its
own account in exchange for Initial Securities that were acquired as a result of
market-making activities or other trading activities and that it will be
required to acknowledge that it will deliver a prospectus in connection with any
resale of such Exchange Securities.

         Notwithstanding any other provisions hereof, the Company will ensure
that (i) any Exchange Offer Registration Statement and any amendment thereto and
any prospectus forming part thereof and any supplement thereto complies in all
material respects with the Securities Act and the rules and regulations
thereunder, (ii) any Exchange Offer Registration Statement and any amendment
thereto does not, when it becomes effective, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading and (iii) any prospectus
forming part of any Exchange Offer Registration Statement, and any supplement to
such prospectus, does not include an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they
were made, not misleading.

         If following the date hereof there has been announced a change in
Commission policy with respect to exchange offers that in the reasonable opinion
of counsel to the Company raises a substantial question as to whether the
Registered Exchange Offer is permitted by applicable federal law, the Company
will seek a no-action letter or other favorable decision from the Commission
allowing the Company to consummate the Registered Exchange Offer. The Company
will pursue the issuance of such a decision to the Commission staff level. In
connection with the foregoing, the Company will take all such other actions as
may be requested by the Commission or otherwise required in connection with the
issuance of such decision, including without limitation (i) participating in
telephonic conferences with the Commission, (ii) delivering to the Commission
staff an analysis prepared by counsel to the Company setting forth the legal
bases, if any, upon which such counsel has concluded that the Registered
Exchange Offer should be permitted and (iii) diligently pursuing a resolution
(which need not be favorable) by the Commission staff.

         2. Shelf Registration. If, (i) because of any change in law or in
applicable interpretations thereof by the staff of the Commission, the Company
is not permitted to effect a Registered Exchange Offer, as contemplated by
Section 1 hereof, (ii) the Registered Exchange Offer is not consummated by the
180th day after the Closing Date, (iii) any Initial Purchaser so requests with
respect to the Initial Securities (or the Private Exchange Securities) not
eligible to be exchanged for Exchange Securities in the Registered Exchange
Offer and held by it following consummation of the Registered Exchange Offer or
(iv) any Holder (other than an Exchanging Dealer) is not eligible to participate
in the Registered Exchange Offer or, in the case of any Holder (other than an
Exchanging Dealer) that participates in the Registered Exchange Offer, such
Holder does not receive freely tradeable Exchange Securities on the date of the
exchange and any such Holder so requests, the Company shall take the following
actions (the date on which any of the conditions described in the foregoing
clauses (i) through (iv) occur, including in the case of clauses (iii) or (iv)
the receipt of the required notice, being a "TRIGGER DATE"):

                  (a) The Company shall promptly (but in no event more than 60
         days after the Trigger Date (such 60th day being a "FILING DEADLINE"))
         file with the Commission and thereafter use its best efforts to cause
         to be declared effective no later than 150 days after the Trigger Date
         (such 150th day being an "EFFECTIVENESS DEADLINE") a registration
         statement (the "SHELF REGISTRATION STATEMENT" and, together with the
         Exchange Offer Registration Statement, a "REGISTRATION STATEMENT") on
         an appropriate form under the Securities Act relating to the offer and
         sale of the Transfer Restricted Securities by the Holders thereof from
         time to time in accordance with the methods of distribution set forth
         in the Shelf Registration Statement and Rule 415 under the Securities
         Act (hereinafter, the "SHELF REGISTRATION"); provided, however, that no
         Holder (other than an Initial Purchaser) shall be entitled to have the
         Securities held by it covered by such Shelf

                                                                               4
<PAGE>

         Registration Statement unless such Holder agrees in writing to be bound
         by all the provisions of this Agreement applicable to such Holder.

                  (b) The Company shall use its best efforts to keep the Shelf
         Registration Statement continuously effective in order to permit the
         prospectus included therein to be lawfully delivered by the Holders of
         the relevant Securities, for a period of two years (or for such longer
         period if extended pursuant to Section 3(j) below) from the date of its
         effectiveness or such shorter period that will terminate when all the
         Securities covered by the Shelf Registration Statement (i) have been
         sold pursuant thereto or (ii) are no longer restricted securities (as
         defined in Rule 144 under the Securities Act, or any successor rule
         thereof). The Company shall be deemed not to have used its best efforts
         to keep the Shelf Registration Statement effective during the requisite
         period if it voluntarily takes any action that would result in Holders
         of Securities covered thereby not being able to offer and sell such
         Securities during that period, unless such action is required by
         applicable law.

                  (c) Notwithstanding any other provisions of this Agreement to
         the contrary, the Company shall cause the Shelf Registration Statement
         and the related prospectus and any amendment or supplement thereto, as
         of the effective date of the Shelf Registration Statement, amendment or
         supplement, (i) to comply in all material respects with the applicable
         requirements of the Securities Act and the rules and regulations of the
         Commission and (ii) not to contain any untrue statement of a material
         fact or omit to state a material fact required to be stated therein or
         necessary in order to make the statements therein, in light of the
         circumstances under which they were made, not misleading.

         3. Registration Procedures. In connection with any Shelf Registration
contemplated by Section 2 hereof and, to the extent applicable, any Registered
Exchange Offer contemplated by Section 1 hereof, the following provisions shall
apply:

                  (a) The Company shall (i) furnish to each Initial Purchaser,
         prior to the filing thereof with the Commission, a copy of the
         Registration Statement and each amendment thereof and each supplement,
         if any, to the prospectus included therein and, in the event that an
         Initial Purchaser is participating in the Registered Exchange Offer or
         the Shelf Registration Statement, the Company shall use its best
         efforts to reflect in each such document, when so filed with the
         Commission, such comments as such Initial Purchaser reasonably may
         propose; (ii) include the information set forth in Annex A hereto on
         the cover, in Annex B hereto in the "Exchange Offer Procedures" section
         and the "Purpose of the Exchange Offer" section and in Annex C hereto
         in the "Plan of Distribution" section of the prospectus forming a part
         of the Exchange Offer Registration Statement and include the
         information set forth in Annex D hereto in the Letter of Transmittal
         delivered pursuant to the Registered Exchange Offer; (iii) if requested
         by an Initial Purchaser, include the information required by Items 507
         or 508 of Regulation S-K under the Securities Act, as applicable, in
         the prospectus forming a part of the Exchange Offer Registration
         Statement; (iv) include within the prospectus contained in the Exchange
         Offer Registration Statement a section entitled "Plan of Distribution,"
         reasonably acceptable to the Initial Purchasers, which shall contain a
         summary statement of the positions taken or policies made by the staff
         of the Commission with respect to the potential "underwriter" status of
         any broker-dealer that is the beneficial owner (as defined in Rule
         13d-3 under the Securities Exchange Act of 1934, as amended (the
         "Exchange Act")) of Exchange Securities received by such broker-dealer
         in the Registered Exchange Offer (a "PARTICIPATING BROKER-DEALER"),
         whether such positions or policies have been publicly disseminated by
         the staff of the Commission or such positions or policies, in the
         reasonable judgment of the Initial Purchasers based upon advice of
         counsel (which may be in-house counsel), represent the prevailing views
         of the staff of the Commission; and (v) in the case of a Shelf
         Registration Statement, include the names of the Holders who propose to
         sell Securities pursuant to the Shelf Registration Statement as selling
         securityholders.

                                                                               5
<PAGE>

                  (b) The Company shall give written notice to the Initial
         Purchasers, the Holders of the Securities and any Participating
         Broker-Dealer from whom the Company has received prior written notice
         that it will be a Participating Broker-Dealer in the Registered
         Exchange Offer (which notice pursuant to clauses (ii)-(v) hereof shall
         be accompanied by an instruction to suspend the use of the prospectus
         until the requisite changes have been made):

                           (i) when the Registration Statement or any amendment
                  thereto has been filed with the Commission and when the
                  Registration Statement or any post-effective amendment thereto
                  has become effective;

                           (ii) of any request by the Commission for amendments
                  or supplements to the Registration Statement or the prospectus
                  included therein or for additional information;

                           (iii) of the issuance by the Commission of any stop
                  order suspending the effectiveness of the Registration
                  Statement or the initiation of any proceedings for that
                  purpose;

                           (iv) of the receipt by the Company or its legal
                  counsel of any notification with respect to the suspension of
                  the qualification of the Securities for sale in any
                  jurisdiction or the initiation or threatening of any
                  proceeding for such purpose; and

                           (v) of the happening of any event that requires the
                  Company to make changes in the Registration Statement or the
                  prospectus in order that the Registration Statement or the
                  prospectus do not contain an untrue statement of a material
                  fact nor omit to state a material fact required to be stated
                  therein or necessary to make the statements therein (in the
                  case of the prospectus, in light of the circumstances under
                  which they were made) not misleading.

                  (c) The Company shall make every reasonable effort to obtain
         the withdrawal at the earliest possible time, of any order suspending
         the effectiveness of the Registration Statement.

                  (d) The Company shall furnish to each Holder of Securities
         included within the coverage of the Shelf Registration, without charge,
         at least one copy of the Shelf Registration Statement and any
         post-effective amendment thereto, including financial statements and
         schedules, and, if the Holder so requests in writing, all exhibits
         thereto (including those, if any, incorporated by reference).

                  (e) The Company shall deliver to each Exchanging Dealer and
         each Initial Purchaser, and to any other Holder who so requests,
         without charge, at least one copy of the Exchange Offer Registration
         Statement and any post-effective amendment thereto, including financial
         statements and schedules, and, if any Initial Purchaser or any such
         Holder requests, all exhibits thereto (including those incorporated by
         reference).

                  (f) The Company shall, during the Shelf Registration Period,
         deliver to each Holder of Securities included within the coverage of
         the Shelf Registration, without charge, as many copies of the
         prospectus (including each preliminary prospectus) included in the
         Shelf Registration Statement and any amendment or supplement thereto as
         such person may reasonably request. The Company consents, subject to
         the provisions of this Agreement, to the use of the prospectus or any
         amendment or supplement thereto by each of the selling Holders of the
         Securities in connection with the offering and sale of the Securities
         covered by the prospectus, or any amendment or supplement thereto,
         included in the Shelf Registration Statement.

                                                                               6
<PAGE>

                  (g) The Company shall deliver to each Initial Purchaser, any
         Exchanging Dealer, any Participating Broker-Dealer and such other
         persons required to deliver a prospectus following the Registered
         Exchange Offer, without charge, as many copies of the final prospectus
         included in the Exchange Offer Registration Statement and any amendment
         or supplement thereto as such persons may reasonably request. The
         Company consents, subject to the provisions of this Agreement, to the
         use of the prospectus or any amendment or supplement thereto by any
         Initial Purchaser, if necessary, any Participating Broker-Dealer and
         such other persons required to deliver a prospectus following the
         Registered Exchange Offer in connection with the offering and sale of
         the Exchange Securities covered by the prospectus, or any amendment or
         supplement thereto, included in such Exchange Offer Registration
         Statement.

                  (h) Prior to any public offering of the Securities pursuant to
         any Registration Statement the Company shall register or qualify or
         cooperate with the Holders of the Securities included therein and their
         respective counsel in connection with the registration or qualification
         of the Securities for offer and sale under the securities or "blue sky"
         laws of such states of the United States as any Holder of the
         Securities reasonably requests in writing and do any and all other acts
         or things necessary or advisable to enable the offer and sale in such
         jurisdictions of the Securities covered by such Registration Statement;
         provided, however, that the Company shall not be required to (i)
         qualify generally to do business in any jurisdiction where it is not
         then so qualified or (ii) take any action which would subject it to
         general service of process or to taxation in any jurisdiction where it
         is not then so subject.

                  (i) The Company shall cooperate with the Holders of the
         Securities to facilitate the timely preparation and delivery of
         certificates representing the Securities to be sold pursuant to any
         Registration Statement free of any restrictive legends and in such
         denominations and registered in such names as the Holders may request a
         reasonable period of time prior to sales of the Securities pursuant to
         such Registration Statement.

                  (j) Upon the occurrence of any event contemplated by
         paragraphs (ii) through (v) of Section 3(b) above during the period for
         which the Company is required to maintain an effective Registration
         Statement, the Company shall promptly prepare and file a post-effective
         amendment to the Registration Statement or a supplement to the related
         prospectus and any other required document so that, as thereafter
         delivered to Holders of the Securities or purchasers of Securities, the
         prospectus will not contain an untrue statement of a material fact or
         omit to state any material fact required to be stated therein or
         necessary to make the statements therein, in light of the circumstances
         under which they were made, not misleading. If the Company notifies the
         Initial Purchasers, the Holders of the Securities and any known
         Participating Broker-Dealer in accordance with paragraphs (ii) through
         (v) of Section 3(b) above to suspend the use of the prospectus until
         the requisite changes to the prospectus have been made, then the
         Initial Purchasers, the Holders of the Securities and any such
         Participating Broker-Dealers shall suspend use of such prospectus, and
         the period of effectiveness of the Shelf Registration Statement
         provided for in Section 2(b) above and the Exchange Offer Registration
         Statement provided for in Section 1 above shall each be extended by the
         number of days from and including the date of the giving of such notice
         to and including the date when the Initial Purchasers, the Holders of
         the Securities and any known Participating Broker-Dealer shall have
         received such amended or supplemented prospectus pursuant to this
         Section 3(j).

                  (k) Not later than the effective date of the applicable
         Registration Statement, the Company will provide a CUSIP number for the
         Initial Securities, the Exchange Securities or the Private Exchange
         Securities, as the case may be, and provide the applicable trustee with
         printed certificates for the Initial Securities, the Exchange
         Securities or the Private Exchange Securities, as the case may be, in a
         form eligible for deposit with The Depository Trust Company.

                                                                               7
<PAGE>

                  (l) The Company will comply with all rules and regulations of
         the Commission to the extent and so long as they are applicable to the
         Registered Exchange Offer or the Shelf Registration and will make
         generally available to its security holders (or otherwise provide in
         accordance with Section 11(a) of the Securities Act) an earnings
         statement satisfying the provisions of Section 11(a) of the Securities
         Act, no later than 45 days after the end of a 12-month period (or 90
         days, if such period is a fiscal year) beginning with the first month
         of the Company's first fiscal quarter commencing after the effective
         date of the Registration Statement, which statement shall cover such
         12-month period.

                  (m) The Company shall cause the Indenture to be qualified
         under the Trust Indenture Act of 1939, as amended, in a timely manner
         and containing such changes, if any, as shall be necessary for such
         qualification. In the event that such qualification would require the
         appointment of a new trustee under the Indenture, the Company shall
         appoint a new trustee thereunder pursuant to the applicable provisions
         of the Indenture.

                  (n) The Company may require each Holder of Securities to be
         sold pursuant to the Shelf Registration Statement to furnish to the
         Company such information regarding the Holder and the distribution of
         the Securities as the Company may from time to time reasonably require
         for inclusion in the Shelf Registration Statement, and the Company may
         exclude from such registration the Securities of any Holder that
         unreasonably fails to furnish such information within a reasonable time
         after receiving such request.

                  (o) The Company shall enter into such customary agreements
         (including, if requested, an underwriting agreement in customary form)
         and take all such other action, if any, as any Holder of the Securities
         shall reasonably request in order to facilitate the disposition of the
         Securities pursuant to any Shelf Registration.

                  (p) In the case of any Shelf Registration, the Company shall
         (i) make reasonably available for inspection by the Holders of the
         Securities, any underwriter participating in any disposition pursuant
         to the Shelf Registration Statement and any attorney, accountant or
         other agent retained by the Holders of the Securities or any such
         underwriter all relevant financial and other records, pertinent
         corporate documents and properties of the Company and (ii) cause the
         Company's officers, directors, employees, accountants and auditors to
         supply all relevant information reasonably requested by the Holders of
         the Securities or any such underwriter, attorney, accountant or agent
         in connection with the Shelf Registration Statement, in each case, as
         shall be reasonably necessary to enable such persons, to conduct a
         reasonable investigation within the meaning of Section 11 of the
         Securities Act; provided, however, that the foregoing inspection and
         information gathering shall be coordinated on behalf of the Initial
         Purchasers by you and on behalf of the other parties, by one counsel
         designated by and on behalf of such other parties as described in
         Section 4 hereof.

                  (q) In the case of any Shelf Registration, the Company, if
         requested by any Holder of Securities covered thereby, shall cause (i)
         its counsel to deliver an opinion and updates thereof relating to the
         Securities in customary form addressed to such Holders and the managing
         underwriters, if any, thereof and dated, in the case of the initial
         opinion, the effective date of such Shelf Registration Statement (it
         being agreed that the matters to be covered by such opinion shall
         include, without limitation, the due incorporation and good standing of
         the Company and the valid existence of its material subsidiaries; the
         qualification of the Company and its material subsidiaries to transact
         business as foreign corporations in any U.S. jurisdiction in which such
         subsidiaries have material manufacturing, distribution or other
         facilities; the due authorization, execution and delivery of the
         relevant agreement of the type referred to in Section 3(o) hereof; the
         due authorization, execution, authentication and issuance, and the
         validity and enforceability, of the applicable Securities; the absence
         of material known legal or governmental proceedings involving

                                                                               8
<PAGE>

         the Company and its subsidiaries; the absence of governmental approvals
         required to be obtained in connection with the Shelf Registration
         Statement, the offering and sale of the applicable Securities, or any
         agreement of the type referred to in Section 3(o) hereof; the
         compliance as to form of such Shelf Registration Statement and any
         documents incorporated by reference therein and of the Indenture with
         the requirements of the Securities Act and the Trust Indenture Act,
         respectively; and, as of the date of the opinion and as of the
         effective date of the Shelf Registration Statement or most recent
         post-effective amendment thereto, as the case may be, the absence from
         such Shelf Registration Statement and the prospectus included therein,
         as then amended or supplemented, and from any documents incorporated by
         reference therein, of an untrue statement of a material fact or the
         omission to state therein a material fact required to be stated therein
         or necessary to make the statements therein not misleading (in the case
         of any such documents, in the light of the circumstances existing at
         the time that such documents were filed with the Commission under the
         Exchange Act); (ii) its officers to execute and deliver all customary
         documents and certificates and updates thereof requested by any
         underwriters of the applicable Securities and (iii) its independent
         public accountants and the independent public accountants with respect
         to any other entity for which financial information is provided in the
         Shelf Registration Statement to provide to the selling Holders of the
         applicable Securities and any underwriter therefor a comfort letter in
         customary form and covering matters of the type customarily covered in
         comfort letters in connection with primary underwritten offerings,
         subject to receipt of appropriate documentation as contemplated, and
         only if permitted, by Statement of Auditing Standards No. 72.

                  (r) In the case of the Registered Exchange Offer, if requested
         by any Initial Purchaser or any known Participating Broker-Dealer, the
         Company shall cause (i) its counsel to deliver to such Initial
         Purchaser or such Participating Broker-Dealer a signed opinion in the
         form set forth in Section 6(c)-(d) of the Purchase Agreement with such
         changes as are customary in connection with the preparation of a
         Registration Statement and (ii) its independent public accountants and
         the independent public accountants with respect to any other entity for
         which financial information is provided in the Registration Statement
         to deliver to such Initial Purchaser or such Participating
         Broker-Dealer a comfort letter, in customary form, meeting the
         requirements as to the substance thereof as set forth in Section 6(a)
         of the Purchase Agreement, with appropriate date changes.

                  (s) If a Registered Exchange Offer or a Private Exchange is to
         be consummated, upon delivery of the Initial Securities by Holders to
         the Company (or to such other Person as directed by the Company) in
         exchange for the Exchange Securities or the Private Exchange
         Securities, as the case may be, the Company shall mark, or caused to be
         marked, on the Initial Securities so exchanged that such Initial
         Securities are being canceled in exchange for the Exchange Securities
         or the Private Exchange Securities, as the case may be; in no event
         shall the Initial Securities be marked as paid or otherwise satisfied.

                  (t) The Company will use its best efforts to (a) if the
         Initial Securities have been rated prior to the initial sale of such
         Initial Securities, confirm such ratings will apply to the Securities
         covered by a Registration Statement, or (b) if the Initial Securities
         were not previously rated, cause the Securities covered by a
         Registration Statement to be rated with the appropriate rating
         agencies, if so requested by Holders of a majority in aggregate
         principal amount of Securities covered by such Registration Statement,
         or by the managing underwriters, if any.

                  (u) In the event that any broker-dealer registered under the
         Exchange Act shall underwrite any Securities or participate as a member
         of an underwriting syndicate or selling group or "assist in the
         distribution" (within the meaning of the Conduct Rules (the "RULES") of
         the National Association of Securities Dealers, Inc. ("NASD")) thereof,
         whether as a Holder of such Securities or as an underwriter, a
         placement or sales agent or a broker or dealer in respect thereof, or
         otherwise, the Company will assist such broker-dealer in complying with
         the requirements of such Rules, including, without limitation, by (i)
         if such Rules, including Rule 2720, shall so

                                                                               9
<PAGE>

         require, engaging a "qualified independent underwriter" (as defined in
         Rule 2720) to participate in the preparation of the Registration
         Statement relating to such Securities, to exercise usual standards of
         due diligence in respect thereto and, if any portion of the offering
         contemplated by such Registration Statement is an underwritten offering
         or is made through a placement or sales agent, to recommend the yield
         of such Securities, (ii) indemnifying any such qualified independent
         underwriter to the extent of the indemnification of underwriters
         provided in Section 5 hereof and (iii) providing such information to
         such broker-dealer as may be required in order for such broker-dealer
         to comply with the requirements of the Rules.

                  (v) The Company shall use its best efforts to take all other
         steps necessary to effect the registration of the Securities covered by
         a Registration Statement contemplated hereby.

         4. Registration Expenses. (a) All expenses incident to the Company's
performance of and compliance with this Agreement will be borne by the Company,
regardless of whether a Registration Statement is ever filed or becomes
effective, including without limitation;

                  (i) all registration and filing fees and expenses;

                  (ii) all fees and expenses of compliance with federal
         securities and, if required, state "blue sky" or securities laws;

                  (iii) all expenses of printing (including printing
         certificates for the Securities to be issued in the Registered Exchange
         Offer and the Private Exchange and printing of Prospectuses), messenger
         and delivery services and telephone;

                  (iv) all fees and disbursements of counsel for the Company;

                  (v) all application and filing fees, if any, in connection
         with listing the Exchange Securities on a national securities exchange
         or automated quotation system pursuant to the requirements hereof; and

                  (vi) all fees and disbursements of independent certified
         public accountants of the Company (including the expenses of any
         special audit and comfort letters required by or incident to such
         performance).

The Company will bear its internal expenses (including, without limitation, all
salaries and expenses of its officers and employees performing legal or
accounting duties), the expenses of any annual audit and the fees and expenses
of any person, including special experts, retained by the Company.

         (b) In connection with any Registration Statement required by this
Agreement, the Company will reimburse the Initial Purchasers and the Holders of
Transfer Restricted Securities who are tendering Initial Securities in the
Registered Exchange Offer and/or selling or reselling Securities pursuant to the
"Plan of Distribution" contained in the Exchange Offer Registration Statement or
the Shelf Registration Statement, as applicable, for the reasonable fees and
disbursements of not more than one counsel, who shall be Davis Polk & Wardwell
unless another firm shall be chosen by the Holders of a majority in principal
amount of the Transfer Restricted Securities for whose benefit such Registration
Statement is being prepared.

         5. Indemnification. (a) The Company agrees to indemnify and hold
harmless each Holder of the Securities, any Participating Broker-Dealer and each
person, if any, who controls such Holder or such Participating Broker-Dealer
within the meaning of the Securities Act or the Exchange Act (each Holder, any
Participating Broker-Dealer and such controlling persons are referred to
collectively as the "INDEMNIFIED PARTIES") from and against any losses, claims,
damages or liabilities, joint or several, or any actions in respect thereof
(including, but not limited to, any losses, claims, damages, liabilities or
actions relating to

                                                                              10
<PAGE>

purchases and sales of the Securities) to which each Indemnified Party may
become subject under the Securities Act, the Exchange Act or otherwise, insofar
as such losses, claims, damages, liabilities or actions arise out of or are
based upon any untrue statement or alleged untrue statement of a material fact
contained in a Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary prospectus relating to a Shelf
Registration, or arise out of, or are based upon, the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and shall reimburse, as
incurred, the Indemnified Parties for any legal or other expenses reasonably
incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action in respect thereof; provided, however, that
(i) the Company shall not be liable in any such case to the extent that such
loss, claim, damage or liability arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission made in a
Registration Statement or prospectus or in any amendment or supplement thereto
or in any preliminary prospectus relating to a Shelf Registration in reliance
upon and in conformity with written information pertaining to such Holder and
furnished to the Company by or on behalf of such Holder specifically for
inclusion therein and (ii) with respect to any untrue statement or omission or
alleged untrue statement or omission made in any preliminary prospectus relating
to a Shelf Registration Statement, the indemnity agreement contained in this
subsection (a) shall not inure to the benefit of any Holder or Participating
Broker-Dealer from whom the person asserting any such losses, claims, damages or
liabilities purchased the Securities concerned, to the extent that a prospectus
relating to such Securities was required to be delivered by such Holder or
Participating Broker-Dealer under the Securities Act in connection with such
purchase and any such loss, claim, damage or liability of such Holder or
Participating Broker-Dealer results from the fact that there was not sent or
given to such person, at or prior to the written confirmation of the sale of
such Securities to such person, a copy of the final prospectus if the Company
had previously furnished copies thereof to such Holder or Participating
Broker-Dealer; provided further, however, that this indemnity agreement will be
in addition to any liability which the Company may otherwise have to such
Indemnified Party. The Company shall also indemnify underwriters, their officers
and directors and each person who controls such underwriters within the meaning
of the Securities Act or the Exchange Act to the same extent as provided above
with respect to the indemnification of the Holders of the Securities if
requested by such Holders.

         (b) Each Holder of the Securities, severally and not jointly, will
indemnify and hold harmless the Company and each person, if any, who controls
the Company within the meaning of the Securities Act or the Exchange Act from
and against any losses, claims, damages or liabilities or any actions in respect
thereof, to which the Company or any such controlling person may become subject
under the Securities Act, the Exchange Act or otherwise, insofar as such losses,
claims, damages, liabilities or actions arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact contained in a
Registration Statement or prospectus or in any amendment or supplement thereto
or in any preliminary prospectus relating to a Shelf Registration, or arise out
of or are based upon the omission or alleged omission to state therein a
material fact necessary to make the statements therein not misleading, but in
each case only to the extent that the untrue statement or omission or alleged
untrue statement or omission was made in reliance upon and in conformity with
written information pertaining to such Holder and furnished to the Company by or
on behalf of such Holder specifically for inclusion therein; and, subject to the
limitation set forth immediately preceding this clause, shall reimburse, as
incurred, the Company for any legal or other expenses reasonably incurred by the
Company or any such controlling person in connection with investigating or
defending any loss, claim, damage, liability or action in respect thereof. This
indemnity agreement will be in addition to any liability which such Holder may
otherwise have to the Company or any of its controlling persons.

         (c) Promptly after receipt by an indemnified party under this Section 5
of notice of the commencement of any action or proceeding (including a
governmental investigation), such indemnified party will, if a claim in respect
thereof is to be made against the indemnifying party under this Section 5,
notify the indemnifying party of the commencement thereof; but the omission so
to notify the indemnifying party will not, in any event, relieve the
indemnifying party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraph (a) or (b) above. In case any
such action is

                                                                              11
<PAGE>

brought against any indemnified party, and it notifies the indemnifying party of
the commencement thereof, the indemnifying party will be entitled to participate
therein and, to the extent that it may wish, jointly with any other indemnifying
party similarly notified, to assume the defense thereof, with counsel reasonably
satisfactory to such indemnified party (who shall not, except with the consent
of the indemnified party, be counsel to the indemnifying party), and after
notice from the indemnifying party to such indemnified party of its election so
to assume the defense thereof the indemnifying party will not be liable to such
indemnified party under this Section 5 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such
indemnified party in connection with the defense thereof. No indemnifying party
shall, without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party unless such settlement includes an
unconditional release of such indemnified party from all liability on any claims
that are the subject matter of such action, and does not include a statement as
to or an admission of fault, culpability or a failure to act by or on behalf of
any indemnified party.

         (d) If the indemnification provided for in this Section 5 is
unavailable or insufficient to hold harmless an indemnified party under
subsections (a) or (b) above, then each indemnifying party shall contribute to
the amount paid or payable by such indemnified party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to in
subsection (a) or (b) above (i) in such proportion as is appropriate to reflect
the relative benefits received by the indemnifying party or parties on the one
hand and the indemnified party on the other from the exchange of the Securities,
pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by
the foregoing clause (i) is not permitted by applicable law, in such proportion
as is appropriate to reflect not only the relative benefits referred to in
clause (i) above but also the relative fault of the indemnifying party or
parties on the one hand and the indemnified party on the other in connection
with the statements or omissions that resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as any other relevant
equitable considerations. The relative fault of the parties shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company on the one hand or
such Holder or such other indemnified party, as the case may be, on the other,
and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The amount paid by
an indemnified party as a result of the losses, claims, damages or liabilities
referred to in the first sentence of this subsection (d) shall be deemed to
include any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any action or claim which is
the subject of this subsection (d). Notwithstanding any other provision of this
Section 5(d), the Holders of the Securities shall not be required to contribute
any amount in excess of the amount by which the net proceeds received by such
Holders from the sale of the Securities pursuant to a Registration Statement
exceeds the amount of damages which such Holders have otherwise been required to
pay by reason of such untrue or alleged untrue statement or omission or alleged
omission. No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation. For purposes
of this paragraph (d), each person, if any, who controls such indemnified party
within the meaning of the Securities Act or the Exchange Act shall have the same
rights to contribution as such indemnified party and each person, if any, who
controls the Company within the meaning of the Securities Act or the Exchange
Act shall have the same rights to contribution as the Company.

         (e) The agreements contained in this Section 5 shall survive the sale
of the Securities pursuant to a Registration Statement and shall remain in full
force and effect, regardless of any termination or cancellation of this
Agreement or any investigation made by or on behalf of any indemnified party.

         6. Additional Interest Under Certain Circumstances. (a) Additional
interest (the "ADDITIONAL INTEREST") with respect to the Securities shall be
assessed as follows if any of the following events occur (each such event in
clauses (i) through (iv) below being herein called a "REGISTRATION DEFAULT"):

                                                                              12
<PAGE>

         (i)      any Registration Statement required by this Agreement is not
                  filed with the Commission on or prior to the applicable Filing
                  Deadline;

         (ii)     any Registration Statement required by this Agreement is not
                  declared effective by the Commission on or prior to the
                  applicable Effectiveness Deadline;

         (iii)    the Registered Exchange Offer has not been consummated on or
                  prior to the Consummation Deadline; or

         (iv)     any Registration Statement required by this Agreement has been
                  declared effective by the Commission but (A) such Registration
                  Statement thereafter ceases to be effective or (B) such
                  Registration Statement or the related prospectus ceases to be
                  usable in connection with resales of Transfer Restricted
                  Securities during the periods specified herein because either
                  (1) any event occurs as a result of which the related
                  prospectus forming part of such Registration Statement would
                  include any untrue statement of a material fact or omit to
                  state any material fact necessary to make the statements
                  therein in the light of the circumstances under which they
                  were made not misleading, or (2) it shall be necessary to
                  amend such Registration Statement or supplement the related
                  prospectus, to comply with the Securities Act or the Exchange
                  Act or the respective rules thereunder.

Each of the foregoing will constitute a Registration Default whatever the reason
for any such event and whether it is voluntary or involuntary or is beyond the
control of the Company or pursuant to operation of law or as a result of any
action or inaction by the Commission .

         Additional Interest shall accrue on the Securities over and above the
interest set forth in the title of the Securities from and including the date on
which any such Registration Default shall occur to but excluding the date on
which all such Registration Defaults have been cured, at a rate of 0.25% per
annum (the "ADDITIONAL INTEREST RATE") for the first 90-day period immediately
following the occurrence of such Registration Default. The Additional Interest
Rate shall increase by an additional 0.25% per annum with respect to each
subsequent 90-day period until all Registration Defaults have been cured, up to
a maximum Additional Interest Rate of .50% per annum.

         (b) A Registration Default referred to in Section 6(a)(iv) hereof shall
be deemed not to have occurred and be continuing in relation to a Shelf
Registration Statement or the related prospectus if (i) such Registration
Default has occurred solely as a result of (x) the filing of a post-effective
amendment to such Shelf Registration Statement to incorporate annual audited
financial information with respect to the Company where such post-effective
amendment is not yet effective and needs to be declared effective to permit
Holders to use the related prospectus or (y) other material events, with respect
to the Company that would need to be described in such Shelf Registration
Statement or the related prospectus and (ii) in the case of clause (y), the
Company is proceeding promptly and in good faith to amend or supplement such
Shelf Registration Statement and related prospectus to describe such events;
provided, however, that in any case if such Registration Default occurs for a
continuous period in excess of 30 days, Additional Interest shall be payable in
accordance with the above paragraph from the day such Registration Default
occurs until such Registration Default is cured.

         (c) Any amounts of Additional Interest due pursuant to Section 6(a)
will be payable in cash on the regular interest payment dates with respect to
the Securities. The amount of Additional Interest will be determined by
multiplying the applicable Additional Interest Rate by the principal amount of
the Securities and further multiplied by a fraction, the numerator of which is
the number of days such Additional Interest Rate was applicable during such
period (determined on the basis of a 360-day year comprised of twelve 30-day
months), and the denominator of which is 360.

                                                                              13
<PAGE>

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

         7. Rules 144 and 144A. The Company shall use its best efforts to file
the reports required to be filed by it under the Securities Act and the Exchange
Act in a timely manner and, if at any time the Company is not required to file
such reports, it will, upon the request of any Holder of Securities, make
publicly available other information so long as necessary to permit sales of
their Transfer Restricted Securities pursuant to Rules 144 and 144A. The Company
covenants that it will take such further action as any Holder of Securities may
reasonably request, all to the extent required from time to time to enable such
Holder to sell Transfer Restricted Securities without registration under the
Securities Act within the limitation of the exemptions provided by Rules 144 and
144A (including the requirements of Rule 144A(d)(4)). The Company will provide a
copy of this Agreement to prospective purchasers of Initial Securities
identified to the Company by the Initial Purchasers upon request. Upon the
request of any Holder of Initial Securities, the Company shall deliver to such
Holder a written statement as to whether it has complied with such requirements.
Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to
require the Company to register any of its securities pursuant to the Exchange
Act.

         8. Underwritten Registrations. If any of the Transfer Restricted
Securities covered by any Shelf Registration are to be sold in an underwritten
offering, the investment banker or investment bankers and manager or managers
that will administer the offering ("MANAGING UNDERWRITERS") will be selected by
the Holders of a majority in aggregate principal amount of such Transfer
Restricted Securities to be included in such offering.

         No person may participate in any underwritten registration hereunder
unless such person (i) agrees to sell such person's Transfer Restricted
Securities on the basis reasonably provided in any underwriting arrangements
approved by the persons entitled hereunder to approve such arrangements and (ii)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms
of such underwriting arrangements.

                                                                              14
<PAGE>

         9. Miscellaneous.

         (a) Remedies. The Company acknowledges and agrees that any failure by
the Company to comply with its obligations under Section 1 and 2 hereof may
result in material irreparable injury to the Initial Purchasers or the Holders
for which there is no adequate remedy at law, that it will not be possible to
measure damages for such injuries precisely and that, in the event of any such
failure, the Initial Purchasers or any Holder may obtain such relief as may be
required to specifically enforce the Company's obligations under Sections 1 and
2 hereof. The Company further agrees to waive the defense in any action for
specific performance that a remedy at law would be adequate.

         (b) No Inconsistent Agreements. The Company will not on or after the
date of this Agreement enter into any agreement with respect to its securities
that is inconsistent with the rights granted to the Holders in this Agreement or
otherwise conflicts with the provisions hereof. The rights granted to the
Holders hereunder do not in any way conflict with and are not inconsistent with
the rights granted to the holders of the Company's securities under any
agreement in effect on the date hereof.

         (c) Amendments and Waivers. The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may not be given, except by the Company and the written
consent of the Holders of a majority in principal amount of the Securities
affected by such amendment, modification, supplement, waiver or consents.

         (d) Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand delivery, first-class mail,
facsimile transmission, or air courier which guarantees overnight delivery:

                  (1) if to a Holder of the Securities, at the most current
address given by such Holder to the Company.

                  (2) if to the Initial Purchasers;

                           Credit Suisse First Boston Corporation
                           Eleven Madison Avenue
                           New York, NY 10010-3629
                           Fax No.:  (212) 325-8278
                           Attention: Transactions Advisory Group

         with a copy to:

                           Davis Polk & Wardwell
                           450 Lexington Ave
                           New York, NY 10017
                           Fax No. (212) 450-3800
                           Attention: Richard D. Truesdell, Jr.

                  (3)      if to the Company, at its address as follows:

                           Sybron Dental Specialties, Inc.
                           1717 West Collins Ave.,
                           Orange, CA  92867
                           Attention:  General Counsel

                                                                              15
<PAGE>
         with a copy to:

                           Quarles & Brady LLP
                           411 East Wisconsin Avenue,
                           Milwaukee, Wisconsin  53202-4497
                           Attention:  Bruce C. Davidson

                  All such notices and communications shall be deemed to have
         been duly given: at the time delivered by hand, if personally
         delivered; three business days after being deposited in the mail,
         postage prepaid, if mailed; when receipt is acknowledged by recipient's
         facsimile machine operator, if sent by facsimile transmission; and on
         the day delivered, if sent by overnight air courier guaranteeing next
         day delivery.

         (e) Third Party Beneficiaries. The Holders shall be third party
beneficiaries to the agreements made hereunder between the Company, on the one
hand, and the Initial Purchasers, on the other hand, and shall have the right to
enforce such agreements directly to the extent they may deem such enforcement
necessary or advisable to protect their rights or the rights of Holders
hereunder.

         (f) Successors and Assigns. This Agreement shall be binding upon the
Company and its successors and assigns.

         (g) Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

         (h) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

         (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAWS.

         (j) Severability. If any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal
or unenforceable, the validity, legality and enforceability of any such
provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby.

         (k) Securities Held by the Company. Whenever the consent or approval of
Holders of a specified percentage of principal amount of Securities is required
hereunder, Securities held by the Company or its affiliates (other than
subsequent Holders of Securities if such subsequent Holders are deemed to be
affiliates solely by reason of their holdings of such Securities) shall not be
counted in determining whether such consent or approval was given by the Holders
of such required percentage.

         If the foregoing is in accordance with your understanding of our
agreement, please sign and return to the Issuer a counterpart hereof, whereupon
this instrument, along with all counterparts, will become a binding agreement
among the several Initial Purchasers, the Issuer and the Guarantors in
accordance with its terms.

                                        Very truly yours,

                                            SYBRON DENTAL SPECIALTIES, INC.

                                            By /s/ Stephen J. Tomassi
                                              ------------------------------
                                              Name: Stephen J. Tomassi
                                              Title: Vice President, General
                                                     Counsel and Secretary

                                                                              16
<PAGE>

                                            SYBRON DENTAL MANAGEMENT, INC.

                                            By /s/ GREGORY D. WALLER
                                              ------------------------------
                                              Name:   Gregory D. Waller
                                              Title:  Treasurer

                                            LRS ACQUISITION CORP.

                                            By /s/ WILLIAM P. CUMMING
                                              ------------------------------
                                              Name:   William P. Cumming
                                              Title:  Treasurer

                                            ORMCO CORPORATION

                                            By /s/ WILLIAM P. CUMMING
                                              ------------------------------
                                              Name:   William P. Cumming
                                              Title:  Treasurer

                                            ALLESEE ORTHODONTIC APPLIANCES, INC.

                                            By /s/ WILLIAM P. CUMMING
                                              ------------------------------
                                              Name:   William P. Cumming
                                              Title:  Treasurer

                                            KERR CORPORATION

                                            By /s/ STEVEN DUNKERKEN
                                              ------------------------------
                                              Name:   Steven Dunkerken
                                              Title:  Treasurer

                                            METREX RESEARCH CORPORATION

                                            By /s/ KAMI LATIMER
                                              ------------------------------
                                              Name:   Kami Latimer
                                              Title:  Secretary

                                            SYBRON CANADA HOLDINGS, INC.

                                            By /s/ STEVEN DUNKERKEN
                                              ------------------------------
                                              Name:   Steven Dunkerken
                                              Title:  Treasurer

                                            PINNACLE PRODUCTS, INC.

                                            By /s/ PETER L. FOSTER
                                              ------------------------------
                                              Name:   Peter L. Foster
                                              Title:  Secretary

                                                                              17
<PAGE>

The foregoing Purchase Agreement is hereby con- firmed and accepted as of the
date first above written.

     CREDIT SUISSE FIRST BOSTON CORPORATION

     LEHMAN BROTHERS INC.

     GOLDMAN, SACHS & CO.

     ROBERT W. BAIRD & CO. INCORPORATED

     CREDIT LYONNAIS SECURITIES (USA) INC

         Acting on behalf of themselves and as the Representatives of the
           several Purchasers.

     By  CREDIT SUISSE FIRST BOSTON CORPORATION

     By /s/ COLLEEN A. BURKE
       --------------------------------------
       Name:  Colleen A. Burke
       Title: Managing Director

                                                                              18
<PAGE>

                                   SCHEDULE I

<Table>
<Caption>

Subsidiary                                            Jurisdiction
----------                                            ------------
<S>                                                   <C>
Sybron Dental Management, Inc.                        Delaware
LRS Acquisition Corp.                                 Delaware
Ormco Corporation                                     Delaware
Allesee Orthodontic Appliances, Inc.                  Wisconsin
Kerr Corporation                                      Delaware
Metrex Research Corporation                           Wisconsin
Sybron Canada Holdings, Inc.                          Delaware
Pinnacle Products, Inc.                               Wisconsin
</Table>

                                                                              19
<PAGE>

                                                                         ANNEX A

         Each broker-dealer that receives Exchange Securities for its own
account pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such Exchange Securities. The Letter
of Transmittal states that by so acknowledging and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an "underwriter" within the
meaning of the Securities Act. This Prospectus, as it may be amended or
supplemented from time to time, may be used by a broker-dealer in connection
with resales of Exchange Securities received in exchange for Initial Securities
where such Initial Securities were acquired by such broker-dealer as a result of
market-making activities or other trading activities. The Company has agreed
that, for a period of 180 days after the Expiration Date (as defined herein), it
will make this Prospectus available to any broker-dealer for use in connection
with any such resale. See "Plan of Distribution."

                                                                              20
<PAGE>

                                                                         ANNEX B

         Each broker-dealer that receives Exchange Securities for its own
account in exchange for Initial Securities, where such Initial Securities were
acquired by such broker-dealer as a result of market-making activities or other
trading activities, must acknowledge that it will deliver a prospectus in
connection with any resale of such Exchange Securities. See "Plan of
Distribution."

                                                                              21

<PAGE>

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

         Each broker-dealer that receives Exchange Securities for its own
account pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such Exchange Securities. This
Prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of Exchange Securities received in
exchange for Initial Securities where such Initial Securities were acquired as a
result of market-making activities or other trading activities. The Company has
agreed that, for a period of 180 days after the Expiration Date, it will make
this prospectus, as amended or supplemented, available to any broker-dealer for
use in connection with any such resale. In addition, until              , 200_ ,
all dealers effecting transactions in the Exchange Securities may be required to
deliver a prospectus.

         The Company will not receive any proceeds from any sale of Exchange
Securities by broker-dealers. Exchange Securities received by broker-dealers for
their own account pursuant to the Exchange Offer may be sold from time to time
in one or more transactions in the over-the-counter market, in negotiated
transactions, through the writing of options on the Exchange Securities or a
combination of such methods of resale, at market prices prevailing at the time
of resale, at prices related to such prevailing market prices or negotiated
prices. Any such resale may be made directly to purchasers or to or through
brokers or dealers who may receive compensation in the form of commissions or
concessions from any such broker-dealer or the purchasers of any such Exchange
Securities. Any broker-dealer that resells Exchange Securities that were
received by it for its own account pursuant to the Exchange Offer and any broker
or dealer that participates in a distribution of such Exchange Securities may be
deemed to be an "underwriter" within the meaning of the Securities Act and any
profit on any such resale of Exchange Securities and any commission or
concessions received by any such persons may be deemed to be underwriting
compensation under the Securities Act. The Letter of Transmittal states that, by
acknowledging that it will deliver and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an "underwriter" within the
meaning of the Securities Act.

         For a period of 180 days after the Expiration Date the Company will
promptly send additional copies of this Prospectus and any amendment or
supplement to this Prospectus to any broker-dealer that requests such documents
in the Letter of Transmittal. The Company has agreed to pay all expenses
incident to the Exchange Offer (including the expenses of one counsel for the
Holders of the Securities) other than commissions or concessions of any brokers
or dealers and will indemnify the Holders of the Securities (including any
broker-dealers) against certain liabilities, including liabilities under the
Securities Act.

                                                                              22
<PAGE>

                                                                         ANNEX D

[ ] CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL
COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.

           Name:
                -----------------------------------------
           Address:
                   --------------------------------------

If the undersigned is not a broker-dealer, the undersigned represents that it is
not engaged in, and does not intend to engage in, a distribution of Exchange
Securities. If the undersigned is a broker-dealer that will receive Exchange
Securities for its own account in exchange for Initial Securities that were
acquired as a result of market-making activities or other trading activities, it
acknowledges that it will deliver a prospectus in connection with any resale of
such Exchange Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.

                                                                              23

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