Document:

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                                                                     EXHIBIT 4.4
                                                                  Conformed Copy

                         REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT dated November 2, 2001 (this
"Agreement") is entered into by and among Pennzoil-Quaker State Company, a
Delaware corporation (the "Company"), the Guarantors listed on Schedule 1 hereto
(the "Guarantors"), and J.P. Morgan Securities Inc., Deutsche Banc Alex. Brown
Inc., Salomon Smith Barney Inc. and Scotia Capital (USA) Inc. (collectively, the
"Initial Purchasers").

     The Company, the Guarantors and the Initial Purchasers are parties to a
Purchase Agreement dated October 29, 2001 (the "Purchase Agreement"), which
provides for the sale by the Company to the Initial Purchasers of $250,000,000
aggregate principal amount of the Company's 10% Senior Notes due 2008 (the
"Securities") which will be fully and unconditionally guaranteed on an unsecured
senior basis by each of the Guarantors.  As an inducement to the Initial
Purchasers to enter into the Purchase Agreement, the Company and the Guarantors
have agreed to provide to the Initial Purchasers and their direct and indirect
transferees the registration rights set forth in this Agreement.  The execution
and delivery of this Agreement is a condition to the closing under the Purchase
Agreement.

     In consideration of the foregoing, the parties hereto agree as follows:

1.  Definitions.

     As used in this Agreement, the following terms shall have the following
meanings:

     "Closing Date" shall mean the Closing Date as defined in the Purchase
Agreement.

     "Company" shall have the meaning set forth in the preamble and shall also
include the Company's successors.

     "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended
from time to time.

     "Exchange Dates" shall have the meaning set forth in Section 2(a)(ii)
hereof.

     "Exchange Offer" shall mean the exchange offer by the Company and the
Guarantors of Exchange Securities for Registrable Securities pursuant to Section
2(a) hereof.

     "Exchange Offer Registration" shall mean a registration under the
Securities Act effected pursuant to Section 2(a) hereof.
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     "Exchange Offer Registration Statement" shall mean an exchange offer
registration statement on Form S-4 (or, if applicable, on another appropriate
form) and all amendments and supplements to such registration statement, in each
case including the Prospectus contained therein, all exhibits thereto and any
document incorporated by reference therein.

     "Exchange Securities" shall mean senior notes issued by the Company and
guaranteed by the Guarantors under the Indenture containing terms identical to
the Securities (except that the Exchange Securities will not be subject to
restrictions on transfer or to any increase in annual interest rate for failure
to comply with this Agreement) and to be offered to Holders of Securities in
exchange for Securities pursuant to the Exchange Offer.

     "Guarantors" shall have the meaning set forth in the preamble and shall
also include any Guarantor's successors.

     "Holders" shall mean the Initial Purchasers, for so long as they own any
Registrable Securities, and each of their successors, assigns and direct and
indirect transferees who become owners of Registrable Securities under the
Indenture; provided that for purposes of Sections 4 and 5 of this Agreement, the
term "Holders" shall include Participating Broker-Dealers.

     "Initial Purchasers" shall have the meaning set forth in the preamble.

     "Indenture" shall mean the Indenture relating to the Securities dated as of
November 2, 2001 among the Company, the Guarantors and The Chase Manhattan Bank,
as trustee, and as the same may be amended from time to time in accordance with
the terms thereof.

     "Majority Holders" shall mean the Holders of a majority of the aggregate
principal amount of outstanding Registrable Securities; provided that whenever
the consent or approval of Holders of a specified percentage of Registrable
Securities is required hereunder, Registrable Securities owned directly or
indirectly by the Company shall not be counted in determining whether such
consent or approval was given by the Holders of such required percentage or
amount.

     "Participating Broker-Dealers" shall have the meaning set forth in Section
4(a) hereof.

     "Person" shall mean an individual, partnership, limited liability company,
corporation, trust or unincorporated organization, or a government or agency or
political subdivision thereof.

     "Purchase Agreement" shall have the meaning set forth in the preamble.

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     "Prospectus" shall mean the prospectus included in a Registration
Statement, including any preliminary prospectus, and any such prospectus as
amended or supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of the
Registrable Securities covered by a Shelf Registration Statement, and by all
other amendments and supplements to such prospectus, and in each case including
any document incorporated by reference therein.

     "Registrable Securities" shall mean the Securities; provided that the
Securities shall cease to be Registrable Securities (i) when a Registration
Statement with respect to such Securities has been declared effective under the
Securities Act and such Securities have been exchanged or disposed of pursuant
to such Registration Statement, (ii) when such Securities have been sold
pursuant to Rule 144(k) (or any similar provision then in force, but not Rule
144A) under the Securities Act or (iii) when such Securities cease to be
outstanding.

     "Registration Expenses" shall mean any and all expenses incident to
performance of or compliance by the Company and the Guarantors with this
Agreement, including without limitation:  (i) all SEC, stock exchange or
National Association of Securities Dealers, Inc. registration and filing fees,
(ii) all fees and expenses incurred in connection with compliance with state
securities or blue sky laws (including reasonable fees and disbursements of
counsel for any underwriters or Holders in connection with blue sky
qualification of any Exchange Securities or Registrable Securities), (iii) all
expenses of any Persons in preparing or assisting in preparing, word processing,
printing and distributing any Registration Statement, any Prospectus, any
amendments or supplements thereto, any underwriting agreements, securities sales
agreements and other documents relating to the performance of and compliance
with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements
relating to the qualification of the Indenture under applicable securities laws,
(vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees
and disbursements of counsel for the Company and the Guarantors and, in the case
of a Shelf Registration Statement, the fees and disbursements of one counsel for
the Holders (which counsel shall be selected by the Majority Holders and which
counsel may also be counsel for the Initial Purchasers) and (viii) the fees and
disbursements of the independent public accountants of the Company and the
Guarantors, including the expenses of any special audits or "comfort" letters
required by or incident to such performance and compliance, but excluding fees
and expenses of counsel to the underwriters (other than fees and expenses set
forth in clause (ii) above) or the Holders and underwriting discounts and
commissions and transfer taxes, if any, relating to the sale or disposition of
Registrable Securities by a Holder.

     "Registration Statement" shall mean any registration statement of the
Company and the Guarantors that covers any of the Exchange Securities or
Registrable Securities pursuant to the provisions of this Agreement and all
amendments and supplements to any such registration statement, including post-
effective amendments, in each case including the Prospectus contained therein,
all exhibits thereto and any document incorporated by reference therein.

     "SEC" shall mean the Securities and Exchange Commission.

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     "Securities Act" shall mean the Securities Act of 1933, as amended from
time to time.

     "Shelf Registration" shall mean a registration effected pursuant to Section
2(b) hereof.

     "Shelf Registration Statement" shall mean a "shelf" registration statement
of the Company and the Guarantors that covers all the Registrable Securities
(but no other securities unless approved by the Holders whose Registrable
Securities are covered by such Shelf Registration Statement) on an appropriate
form under Rule 415 under the Securities Act, or any similar rule that may be
adopted by the SEC, and all amendments and supplements to such registration
statement, including post-effective amendments, in each case including the
Prospectus contained therein, all exhibits thereto and any document incorporated
by reference therein.

     "Trust Indenture Act" shall have the meaning set forth in Section 3(l)
hereof.

     "Trustee" shall mean the trustee with respect to the Securities under the
Indenture.

     "Underwriter" shall have the meaning set forth in Section 3 hereof.

     "Underwritten Registration" or "Underwritten Offering" shall mean a
registration in which Registrable Securities are sold to an Underwriter for
reoffering to the public.

2.  Registration Under the Securities Act.

     (a) To the extent not prohibited by any applicable law or applicable
interpretations of the Staff of the SEC, the Company and the Guarantors shall
use their reasonable best efforts to (i) cause to be filed an Exchange Offer
Registration Statement covering an offer to the Holders to exchange all the
Registrable Securities for Exchange Securities and (ii) have such Registration
Statement remain effective until the closing of the Exchange Offer.  The Company
and the Guarantors shall commence the Exchange Offer promptly after the Exchange
Offer Registration Statement is declared effective by the SEC and shall use
their reasonable best efforts to complete the Exchange Offer not later than 60
days after such effective date.  The Company and the Guarantors shall commence
the Exchange Offer by mailing the related exchange offer Prospectus and
accompanying documents to each Holder stating, in addition to such other
disclosures as are required by applicable law:

     (i)   that the Exchange Offer is being made pursuant to this Agreement and
           that all Registrable Securities validly tendered will be accepted for
           exchange;

     (ii)  the dates of acceptance for exchange (which shall be a period of at
           least 20 business days from the date such notice is mailed) (the
           "Exchange Dates");

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     (iii) that any Registrable Security not tendered will remain outstanding
           and continue to accrue interest but will not retain any rights under
           this Agreement;

     (iv)  that Holders electing to have a Registrable Security exchanged
           pursuant to the Exchange Offer will be required to surrender such
           Registrable Security, together with the enclosed letters of
           transmittal, to the institution and at the address (located in the
           Borough of Manhattan, The City of New York) and in the manner
           specified in the notice, prior to the close of business on the last
           Exchange Date; and

     (v)   that Holders will be entitled to withdraw their election, not later
           than the close of business on the last Exchange Date, by sending to
           the institution and at the address (located in the Borough of
           Manhattan, The City of New York) specified in the notice, a telegram,
           telex, facsimile transmission or letter setting forth the name of
           such Holder, the principal amount of Registrable Securities delivered
           for exchange and a statement that such Holder is withdrawing its
           election to have such Securities exchanged.

     As soon as practicable after the last Exchange Date, the Company and the
Guarantors shall:

     (i)  accept for exchange Registrable Securities or portions thereof
          tendered and not validly withdrawn pursuant to the Exchange Offer; and

     (ii) deliver, or cause to be delivered, to the Trustee for cancellation all
          Registrable Securities or portions thereof so accepted for exchange by
          the Company and issue, and cause the Trustee to promptly authenticate
          and deliver to each Holder, Exchange Securities equal in principal
          amount to the principal amount of the Registrable Securities
          surrendered by such Holder.

     The Company and the Guarantors shall use their reasonable best efforts to
complete the Exchange Offer as provided above and shall comply with the
applicable requirements of the Securities Act, the Exchange Act and other
applicable laws and regulations in connection with the Exchange Offer.  The
Exchange Offer shall not be subject to any conditions, other than that the
Exchange Offer does not violate any applicable law or applicable interpretations
of the Staff of the SEC.  The Company shall inform the Initial Purchasers of the
names and addresses of the Holders to whom the Exchange Offer is made, and the
Initial Purchasers shall have the right, subject to applicable law, to contact
such Holders and otherwise facilitate the tender of Registrable Securities in
the Exchange Offer.

     (b) In the event that (i) the Company and the Guarantors determine that the
Exchange Offer Registration provided for in Section 2(a) above is not available
or may not be completed as soon as practicable after the last Exchange Date
because it would violate any applicable law or applicable interpretations of the
Staff of the SEC, (ii) the

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Exchange Offer is not, for any other reason, completed by May 2, 2002 or (iii)
the Exchange Offer has been completed and in the opinion of counsel for the
Initial Purchasers a Registration Statement must be filed and a Prospectus must
be delivered by the Initial Purchasers in connection with any offering or sale
of Registrable Securities, the Company and the Guarantors shall use their
reasonable best efforts to cause to be filed as soon as practicable after such
determination, date or notice of such opinion of counsel is given to the
Company, as the case may be, a Shelf Registration Statement providing for the
sale of all the Registrable Securities by the Holders thereof and to have such
Shelf Registration Statement declared effective by the SEC.

     In the event that the Company and the Guarantors are required to file a
Shelf Registration Statement solely as a result of the matters referred to in
clause (iii) of the preceding sentence, the Company and the Guarantors shall use
their reasonable best efforts to file and have declared effective by the SEC
both an Exchange Offer Registration Statement pursuant to Section 2(a) with
respect to all Registrable Securities and a Shelf Registration Statement (which
may be a combined Registration Statement with the Exchange Offer Registration
Statement) with respect to offers and sales of Registrable Securities held by
the Initial Purchasers after completion of the Exchange Offer.  The Company and
the Guarantors agree to use their reasonable best efforts to keep the Shelf
Registration Statement continuously effective until the expiration of the period
referred to in Rule 144(k) under the Securities Act with respect to the
Registrable Securities or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been
sold pursuant to the Shelf Registration Statement.  The Company and the
Guarantors further agree to supplement or amend the Shelf Registration Statement
and the related Prospectus if required by the rules, regulations or instructions
applicable to the registration form used by the Company for such Shelf
Registration Statement or by the Securities Act or by any other rules and
regulations thereunder for shelf registration or if reasonably requested by a
Holder of Registrable Securities with respect to information relating to such
Holder, and to use their reasonable best efforts to cause any such amendment to
become effective and such Shelf Registration Statement and Prospectus to become
usable as soon as thereafter practicable.  The Company and the Guarantors agree
to furnish to the Holders of Registrable Securities copies of any such
supplement or amendment promptly after its being used or filed with the SEC.

     (c) The Company and the Guarantors shall pay all Registration Expenses in
connection with the registration pursuant to Section 2(a) and Section 2(b)
hereof.  Each Holder shall pay all underwriting discounts and commissions and
transfer taxes, if any, relating to the sale or disposition of such Holder's
Registrable Securities pursuant to the Shelf Registration Statement.

     (d) An Exchange Offer Registration Statement pursuant to Section 2(a)
hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof will
not be deemed to have become effective unless it has been declared effective by
the SEC; provided that if, after it has been declared effective, the offering of
Registrable Securities pursuant to a Shelf Registration Statement is interfered
with by any stop order, injunction or other order or requirement of the SEC or
any court or other governmental or regulatory agency

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or body, such Registration Statement will be deemed not to have become effective
during the period of such interference until the offering of Registrable
Securities pursuant to such Registration Statement may legally resume.

     As provided in the Indenture, in the event that either the Exchange Offer
is not completed or the Shelf Registration Statement, if required hereby, is not
declared effective on or prior to May 2, 2002, the interest rate on the
Securities will be increased by 1.00% per annum until the Exchange Offer is
completed or the Shelf Registration Statement, if required hereby, is declared
effective by the SEC or the Securities become freely tradable under the
Securities Act.

     (e) Without limiting the remedies available to the Initial Purchasers and
the Holders, the Company and the Guarantors acknowledge that any failure by the
Company or the Guarantors to comply with their obligations under Section 2(a)
and Section 2(b) 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 and the
Guarantors' obligations under Section 2(a) and Section 2(b) hereof.

3.  Registration Procedures.

     In connection with their obligations pursuant to Section 2(a) and Section
2(b) hereof, the Company and the Guarantors shall as expeditiously as possible:

     (a) prepare and file with the SEC a Registration Statement on the
appropriate form under the Securities Act, which form (x) shall be selected by
the Company and the Guarantors, (y) shall, in the case of a Shelf Registration,
be available for the sale of the Registrable Securities by the selling Holders
thereof and (z) shall comply as to form in all material respects with the
requirements of the applicable form and include or incorporate by reference
where permitted all financial statements required by the SEC to be filed
therewith; and use their reasonable best efforts to cause such Registration
Statement to become effective and remain effective in accordance with Section 2
hereof;

     (b) prepare and file with the SEC such amendments and post-effective
amendments to each Registration Statement as may be necessary to keep such
Registration Statement effective for the applicable period and cause each
Prospectus to be supplemented by any required prospectus supplement and, as so
supplemented, to be filed pursuant to Rule 424 under the Securities Act; and
keep each Prospectus current during the period described in Section 4(3) of, and
Rule 174 under, the Securities Act that is applicable to transactions by brokers
or dealers with respect to the Registrable Securities or Exchange Securities;

     (c) in the case of a Shelf Registration, furnish to each Holder of
Registrable Securities, to counsel for the Initial Purchasers, to counsel for
such Holders and to each Underwriter of an Underwritten Offering of Registrable
Securities, if any, without charge, as many copies of each Prospectus, including
each preliminary Prospectus, and

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any amendment or supplement thereto and such other documents as such Holder or
Underwriter may reasonably request, in order to facilitate the sale or other
disposition of the Registrable Securities thereunder; and the Company and the
Guarantors consent to the use of such Prospectus and any amendment or supplement
thereto in accordance with applicable law by each of the selling Holders of
Registrable Securities and any such Underwriters in connection with the offering
and sale of the Registrable Securities covered by and in the manner described in
such Prospectus or any amendment or supplement thereto in accordance with
applicable law;

     (d) use their reasonable best efforts to register or qualify the
Registrable Securities under all applicable state securities or blue sky laws of
such jurisdictions as any Holder of Registrable Securities covered by a
Registration Statement shall reasonably request in writing by the time the
applicable Registration Statement is declared effective by the SEC; cooperate
with the Holders in connection with any filings required to be made with the
National Association of Securities Dealers, Inc.; and do any and all other acts
and things that may be reasonably necessary or advisable to enable each Holder
to complete the disposition in each such jurisdiction of the Registrable
Securities owned by such Holder; provided that neither the Company nor any
Guarantor shall be required to (i) qualify as a foreign corporation or as a
dealer in securities in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3(d), (ii) file any general consent to
service of process or (iii) subject itself to taxation in any such jurisdiction
if it is not so subject;

     (e) in the case of a Shelf Registration, notify each Holder of Registrable
Securities, counsel for such Holders and counsel for the Initial Purchasers
promptly and, if requested by any such Holder, confirm such advice in writing
(i) when a Registration Statement has become effective and when any post-
effective amendment thereto has been filed and becomes effective, (ii) of any
request by the SEC or any state securities authority for amendments and
supplements to a Registration Statement and Prospectus or for additional
information after the Registration Statement has become effective, (iii) of the
issuance by the SEC or any state securities authority of any stop order
suspending the effectiveness of a Registration Statement or the initiation of
any proceedings for that purpose, (iv) if, between the effective date of a
Registration Statement and the closing of any sale of Registrable Securities
covered thereby, the representations and warranties of the Company or any
Guarantor contained in any underwriting agreement, securities sales agreement or
other similar agreement, if any, relating to an offering of such Registrable
Securities cease to be true and correct in all material respects or if the
Company or any Guarantor receives any notification with respect to the
suspension of the qualification of the Registrable Securities for sale in any
jurisdiction or the initiation of any proceeding for such purpose, (v) of the
happening of any event during the period a Shelf Registration Statement is
effective that makes any statement made in such Registration Statement or the
related Prospectus untrue in any material respect or that requires the making of
any changes in such Registration Statement or Prospectus in order to make the
statements therein not misleading and (vi) of any determination by the Company
or any Guarantor that a post-effective amendment to a Registration Statement
would be appropriate;

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     (f) make every reasonable effort to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement at the earliest
possible moment and provide prompt notice to each Holder of the withdrawal of
any such order;

     (g) in the case of a Shelf Registration, furnish to each Holder of
Registrable Securities, without charge, at least one conformed copy of each
Registration Statement and any post-effective amendment thereto (without any
document incorporated therein by reference or exhibits thereto, unless requested
in writing);

     (h) in the case of a Shelf Registration, cooperate with the selling Holders
of Registrable Securities to facilitate the timely preparation and delivery of
certificates representing Registrable Securities to be sold and not bearing any
restrictive legends and enable such Registrable Securities to be in such
denominations and registered in such names (consistent with the provisions of
the Indenture) as the selling Holders may reasonably request at least two
business days prior to the closing of any sale of Registrable Securities;

     (i) in the case of a Shelf Registration, upon the occurrence of any event
contemplated by Section 3(e)(v) hereof, use their reasonable best efforts to
prepare and file with the SEC a supplement or post-effective amendment to a
Registration Statement or the related Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter
delivered to purchasers of the Registrable Securities, such Prospectus will not
contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; and the Company and the Guarantors
shall notify the Holders of Registrable Securities to suspend use of the
Prospectus as promptly as practicable after the occurrence of such an event, and
such Holders hereby agree to suspend use of the Prospectus until the Company and
the Guarantors have amended or supplemented the Prospectus to correct such
misstatement or omission;

     (j) a reasonable time prior to the filing of any Registration Statement,
any Prospectus, any amendment to a Registration Statement or amendment or
supplement to a Prospectus or of any document that is to be incorporated by
reference into a Registration Statement or a Prospectus after initial filing of
a Registration Statement, provide copies of such document to the Initial
Purchasers and their counsel (and, in the case of a Shelf Registration
Statement, to the Holders of Registrable Securities and their counsel) and make
such of the representatives of the Company and the Guarantors as shall be
reasonably requested by the Initial Purchasers or their counsel (and, in the
case of a Shelf Registration Statement, the Holders of Registrable Securities or
their counsel) available for discussion of such document; and the Company and
the Guarantors shall not at any time file or make any amendment to the
Registration Statement, any Prospectus or any amendment of or supplement to a
Registration Statement or a Prospectus or any document that is to be
incorporated by reference into a Registration Statement or a Prospectus, of
which the Initial Purchasers and their counsel (and, in the case of a Shelf
Registration Statement, the Holders of Registrable Securities and their counsel)
shall not have previously been advised and furnished a copy or to which the
Initial Purchasers or

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their counsel (and, in the case of a Shelf Registration Statement, the Holders
or their counsel) shall reasonably object;

     (k) obtain a CUSIP number for all Exchange Securities or Registrable
Securities, as the case may be, not later than the effective date of a
Registration Statement;

     (l) cause the Indenture to be qualified under the Trust Indenture Act of
1939, as amended (the "Trust Indenture Act"), in connection with the
registration of the Exchange Securities or Registrable Securities, as the case
may be; cooperate with the Trustee and the Holders to effect such changes to the
Indenture as may be required for the Indenture to be so qualified in accordance
with the terms of the Trust Indenture Act; and execute, and use their reasonable
best efforts to cause the Trustee to execute, all documents as may be required
to effect such changes and all other forms and documents required to be filed
with the SEC to enable the Indenture to be so qualified in a timely manner;

     (m) in the case of a Shelf Registration, make available for inspection by a
representative of the Holders of the Registrable Securities, any Underwriter
participating in any disposition pursuant to such Shelf Registration Statement,
and attorneys and accountants designated by a representative of the Holders, at
reasonable times and in a reasonable manner, all financial and other records,
pertinent documents and properties of the Company and the Guarantors, and cause
the respective officers, directors and employees of the Company and the
Guarantors to supply all information reasonably requested by any such
representative, Underwriter, attorney or accountant in connection with a Shelf
Registration Statement;

     (n) in the case of a Shelf Registration, use their reasonable best efforts
to cause all Registrable Securities to be listed on any securities exchange or
any automated quotation system on which similar securities issued or guaranteed
by the Company or any Guarantor are then listed if requested by the Majority
Holders, to the extent such Registrable Securities satisfy applicable listing
requirements;

     (o) if reasonably requested by any Holder of Registrable Securities covered
by a Registration Statement, promptly incorporate in a Prospectus supplement or
post-effective amendment such information with respect to such Holder as such
Holder reasonably requests to be included therein and make all required filings
of such Prospectus supplement or such post-effective amendment as soon as the
Company has received notification of the matters to be incorporated in such
filing; and

     (p) in the case of a Shelf Registration, enter into such customary
agreements and take all such other actions in connection therewith (including
those requested by the Holders of a majority of the Registrable Securities being
sold) in order to expedite or facilitate the disposition of such Registrable
Securities including, but not limited to, an Underwritten Offering and in such
connection, (i) to the extent possible, make such representations and warranties
to the Holders and any Underwriters of such Registrable Securities with respect
to the business of the Company and its subsidiaries, the

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Registration Statement, Prospectus and documents incorporated by reference or
deemed incorporated by reference, if any, in each case, in form, substance and
scope as are customarily made by issuers to underwriters in underwritten
offerings and confirm the same if and when requested, (ii) obtain opinions of
counsel to the Company and the Guarantors (which counsel and opinions, in form,
scope and substance, shall be reasonably satisfactory to the Holders and such
Underwriters and their respective counsel) addressed to each selling Holder and
Underwriter of Registrable Securities, covering the matters customarily covered
in opinions requested in underwritten offerings, (iii) obtain "comfort" letters
from the independent certified public accountants of the Company and the
Guarantors (and, if necessary, any other certified public accountant of any
subsidiary of the Company or any Guarantor, or of any business acquired by the
Company or any Guarantor for which financial statements and financial data are
or are required to be included in the Registration Statement) addressed to each
selling Holder and Underwriter of Registrable Securities, such letters to be in
customary form and covering matters of the type customarily covered in "comfort"
letters in connection with underwritten offerings and (iv) deliver such
documents and certificates as may be reasonably requested by the Holders of a
majority in principal amount of the Registrable Securities being sold or the
Underwriters, and which are customarily delivered in underwritten offerings, to
evidence the continued validity of the representations and warranties of the
Company and the Guarantors made pursuant to clause (i) above and to evidence
compliance with any customary conditions contained in an underwriting agreement.

     In the case of a Shelf Registration Statement, the Company may require each
Holder of Registrable Securities to furnish to the Company such information
regarding such Holder and the proposed distribution by such Holder of such
Registrable Securities as the Company and the Guarantors may from time to time
reasonably request in writing.

     In the case of a Shelf Registration Statement, each Holder of Registrable
Securities agrees that, upon receipt of any notice from the Company and the
Guarantors of the happening of any event of the kind described in Section
3(e)(v) hereof, such Holder will forthwith discontinue disposition of
Registrable Securities pursuant to a Registration Statement until such Holder's
receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 3(i) hereof and, if so directed by the Company and the Guarantors, such
Holder will deliver to the Company and the Guarantors all copies in its
possession, other than permanent file copies then in such Holder's possession,
of the Prospectus covering such Registrable Securities that is current at the
time of receipt of such notice.

     If the Company and the Guarantors shall give any such notice to suspend the
disposition of Registrable Securities pursuant to a Registration Statement, the
Company and the Guarantors shall extend the period during which the Registration
Statement shall be maintained effective pursuant to this Agreement by the number
of days during the period from and including the date of the giving of such
notice to and including the date when the Holders shall have received copies of
the supplemented or amended Prospectus necessary to resume such dispositions.
The Company and the Guarantors may give any such notice only twice during any
365-day period and any such suspensions shall not

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exceed 30 days for each suspension and there shall not be more than three
suspensions in effect during any 365-day period.

     The Holders of Registrable Securities covered by a Shelf Registration
Statement who desire to do so may sell such Registrable Securities in an
Underwritten Offering.  In any such Underwritten Offering, the investment banker
or investment bankers and manager or managers (the "Underwriters") that will
administer the offering will be selected by the Majority Holders of the
Registrable Securities included in such offering.

4.   Participation of Broker-Dealers in Exchange Offer.

     (a) The Staff of the SEC has taken the position that any broker-dealer that
receives Exchange Securities for its own account in the Exchange Offer in
exchange for Securities that were acquired by such broker-dealer as a result of
market-making or other trading activities (a "Participating Broker-Dealer") may
be deemed to be an "underwriter" within the meaning of the Securities Act and
must deliver a prospectus meeting the requirements of the Securities Act in
connection with any resale of such Exchange Securities.

     The Company and the Guarantors understand that it is the Staff's position
that if the Prospectus contained in the Exchange Offer Registration Statement
includes a plan of distribution containing a statement to the above effect and
the means by which Participating Broker-Dealers may resell the Exchange
Securities, without naming the Participating Broker-Dealers or specifying the
amount of Exchange Securities owned by them, such Prospectus may be delivered by
Participating Broker-Dealers to satisfy their prospectus delivery obligation
under the Securities Act in connection with resales of Exchange Securities for
their own accounts, so long as the Prospectus otherwise meets the requirements
of the Securities Act.

     (b) In light of the above, notwithstanding the other provisions of this
Agreement, the Company and the Guarantors agree that the provisions of this
Agreement as they relate to a Shelf Registration shall also apply to an Exchange
Offer Registration to the extent, and with such reasonable modifications thereto
as may be, reasonably requested by the Initial Purchasers or by one or more
Participating Broker-Dealers, in each case as provided in clause (ii) below, in
order to expedite or facilitate the disposition of any Exchange Securities by
Participating Broker-Dealers consistent with the positions of the Staff recited
in Section 4(a) above; provided that:

(i)  the Company and the Guarantors shall not be required to amend or supplement
     the Prospectus contained in the Exchange Offer Registration Statement, as
     would otherwise be contemplated by Section 3(i), for a period exceeding 180
     days after the last Exchange Date (as such period may be extended pursuant
     to the penultimate paragraph of Section 3 of this Agreement) and
     Participating Broker-Dealers shall not be authorized by the Company and the
     Guarantors to deliver and shall not deliver such Prospectus after such
     period in connection with the resales contemplated by this Section 4; and

                                       12
<PAGE>

(ii)  the application of the Shelf Registration procedures set forth in Section
      3 of this Agreement to an Exchange Offer Registration, to the extent not
      required by the positions of the Staff of the SEC or the Securities Act
      and the rules and regulations thereunder, will be in conformity with the
      reasonable request in writing to the Company by the Initial Purchasers or
      with the reasonable request in writing to the Company by one or more
      broker-dealers who certify to the Initial Purchasers, the Company and the
      Guarantors in writing that they anticipate that they will be Participating
      Broker-Dealers; and provided, further, that in connection with such
      application of the Shelf Registration procedures set forth in Section 3 to
      an Exchange Offer Registration, the Company and the Guarantors shall be
      obligated (x) to deal only with one entity representing the Participating
      Broker-Dealers, which shall be J.P. Morgan Securities Inc. unless it
      elects not to act as such representative, (y) to pay the fees and expenses
      of only one counsel representing the Participating Broker-Dealers, which
      shall be counsel to the Initial Purchasers unless such counsel elects not
      to so act and (z) to cause to be delivered only one, if any, "comfort"
      letter with respect to the Prospectus in the form existing on the last
      Exchange Date and with respect to each subsequent amendment or supplement,
      if any, effected during the period specified in clause (i) above.

     (c) The Initial Purchasers shall have no liability to the Company, any
Guarantor or any Holder with respect to any request that it may make pursuant to
Section 4(b) above.

5.  Indemnification and Contribution.

     (a) The Company and each Guarantor, jointly and severally, agree to
indemnify and hold harmless each Initial Purchaser and each Holder, their
respective affiliates and each Person, if any, who controls any Initial
Purchaser or any Holder within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act, from and against any and all losses, claims,
damages and liabilities (including, without limitation, legal fees and other
expenses incurred in connection with any suit, action or proceeding or any claim
asserted), joint or several, caused by any untrue statement or alleged untrue
statement of a material fact contained in any Registration Statement or any
Prospectus, or caused by any omission or alleged omission to state therein 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, except insofar as such losses, claims, damages or
liabilities are caused by any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with any
information relating to any Initial Purchaser or any Holder furnished to the
Company in writing through J.P. Morgan Securities Inc. or any selling Holder
expressly for use therein.  In connection with any Underwritten Offering
permitted by Section 3, the Company and the Guarantors will also indemnify the
Holders, if any, selling brokers, dealers and similar securities industry
professionals participating in the distribution, their respective affiliates and
each Person who controls such Persons (within the meaning of the Securities Act
and the Exchange Act) to the same extent as provided above with

                                       13
<PAGE>

respect to the indemnification of the Holders, if requested in connection with
any Registration Statement.

     (b) Each Holder agrees, severally and not jointly, to indemnify and hold
harmless the Company, the Guarantors, the Initial Purchasers and the other
selling Holders, their respective affiliates, the directors of the Company and
the Guarantors, each officer of the Company and the Guarantors who signed the
Registration Statement and each Person, if any, who controls the Company, the
Guarantors, any Initial Purchaser and any other selling Holder within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to
the same extent as the indemnity set forth in paragraph (a) above, but only with
respect to any losses, claims, damages or liabilities caused by any untrue
statement or omission or alleged untrue statement or omission made in reliance
upon and in conformity with any information relating to such Holder furnished to
the Company in writing by such Holder expressly for use in any Registration
Statement and any Prospectus.

     (c) If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any Person in respect of which indemnification may be sought pursuant to either
paragraph (a) or (b) above, such Person (the "Indemnified Person") shall
promptly notify the Person against whom such indemnification may be sought (the
"Indemnifying Person") in writing; provided that the failure to notify the
Indemnifying Person shall not relieve it from any liability that it may have
under this Section 5 except to the extent that it has been materially prejudiced
(through the forfeiture of substantive rights or defenses) by such failure; and
provided, further, that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have to an Indemnified Person
otherwise than under this Section 5.  If any such proceeding shall be brought or
asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5
that the Indemnifying Person may designate in such proceeding and shall pay the
fees and expenses of such counsel related to such proceeding.  In any such
proceeding, any Indemnified Person shall have the right to retain its own
counsel, but the fees and expenses of such counsel shall be at the expense of
such Indemnified Person unless (i) the Indemnifying Person and the Indemnified
Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person
has failed within a reasonable time to retain counsel reasonably satisfactory to
the Indemnified Person; (iii) the Indemnified Person shall have reasonably
concluded that there may be legal defenses available to it that are different
from or in addition to those available to the Indemnifying Person; or (iv) the
named parties in any such proceeding (including any impleaded parties) include
both the Indemnifying Person and the Indemnified Person and representation of
both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them.  It is understood and agreed that
the Indemnifying Person shall not, in connection with any proceeding or related
proceeding in the same jurisdiction, be liable for the fees and expenses of more
than one separate firm (in addition to any local counsel) for all Indemnified
Persons, and that all such fees and expenses shall be reimbursed as they are
incurred.  Any such separate firm (x) for any Initial Purchaser, its

                                       14
<PAGE>

affiliates and any control Persons of such Initial Purchaser shall be designated
in writing by J.P. Morgan Securities Inc., (y) for any Holder, its affiliates
and any control Persons of such Holder shall be designated in writing by the
Majority Holders and (z) in all other cases shall be designated in writing by
the Company. The Indemnifying Person shall not be liable for any settlement of
any proceeding effected without its written consent, but if settled with such
consent or if there be a final judgment for the plaintiff, the Indemnifying
Person agrees to indemnify each Indemnified Person from and against any loss or
liability by reason of such settlement or judgment. Notwithstanding the
foregoing sentence, if at any time an Indemnified Person shall have requested
that an Indemnifying Person reimburse the Indemnified Person for fees and
expenses of counsel as contemplated by this paragraph, the Indemnifying Person
shall be liable for any settlement of any proceeding effected without its
written consent if (i) such settlement is entered into more than 30 days after
receipt by the Indemnifying Person of such request and (ii) the Indemnifying
Person shall not have reimbursed the Indemnified Person in accordance with such
request prior to the date of such settlement. No Indemnifying Person shall,
without the written consent of the Indemnified Person, effect any settlement of
any pending or threatened proceeding in respect of which any Indemnified Person
is or could have been a party and indemnification could have been sought
hereunder by such Indemnified Person, unless such settlement (i) includes an
unconditional release of such Indemnified Person from all liability on claims
that are the subject matter of such proceeding and (ii) does not include any
statement as to or any admission of fault, culpability or a failure to act by or
on behalf of any Indemnified Person.

     (d) If the indemnification provided for in paragraphs (a) and (b) above is
unavailable to an Indemnified Person or insufficient in respect of any losses,
claims, damages or liabilities referred to therein, then each Indemnifying
Person under such paragraph, in lieu of indemnifying such Indemnified Person
thereunder, shall contribute to the amount paid or payable by such Indemnified
Person as a result of such losses, claims, damages or liabilities (i) in such
proportion as is appropriate to reflect the relative benefits received by the
Company and the Guarantors from the offering of the Securities, on the one hand,
and by the Holders from receiving Securities or Exchange Securities registered
under the Securities Act, on the other hand, or (ii) if the allocation provided
by 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)
but also the relative fault of the Company and the Guarantors on the one hand
and the Holders on the other in connection with the statements or omissions that
resulted in such losses, claims, damages or liabilities, as well as any other
relevant equitable considerations.  The relative fault of the Company and the
Guarantors on the one hand and the Holders on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company and the Guarantors or by the
Holders and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.

     (e) The Company, the Guarantors and the Holders agree that it would not be
just and equitable if contribution pursuant to this Section 5 were determined by
pro rata allocation (even if the Holders were treated as one entity for such
purpose) or by any

                                       15
<PAGE>

other method of allocation that does not take account of the equitable
considerations referred to in paragraph (d) above. The amount paid or payable by
an Indemnified Person as a result of the losses, claims, damages and liabilities
referred to in paragraph (d) above shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses incurred by such
Indemnified Person in connection with investigating or defending any such action
or claim. Notwithstanding the provisions of this Section 5, in no event shall a
Holder be required to contribute any amount in excess of the amount by which the
total price at which the Securities or Exchange Securities sold by such Holder
exceeds the amount of any damages that such Holder has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No Person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent
misrepresentation.

     (f) The remedies provided for in this Section 5 are not exclusive and shall
not limit any rights or remedies that may otherwise be available to any
Indemnified Person at law or in equity.

     (g) The indemnity and contribution provisions contained in this Section 5
shall remain operative and in full force and effect regardless of (i) any
termination of this Agreement, (ii) any investigation made by or on behalf of
the Initial Purchasers, any Holder or any Person controlling any Initial
Purchaser or any Holder, or by or on behalf of the Company, the Guarantors or
the officers or directors of or any Person controlling the Company or the
Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any sale
of Registrable Securities pursuant to a Shelf Registration Statement.

6.  Miscellaneous.

     (a) No Inconsistent Agreements.  The Company and the Guarantors represent,
warrant and agree that (i) 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 any other outstanding securities issued or guaranteed by the Company
or any Guarantor under any other agreement and (ii) neither the Company nor any
Guarantor has entered into, or on or after the date of this Agreement will enter
into, any agreement that is inconsistent with the rights granted to the Holders
of Registrable Securities in this Agreement or otherwise conflicts with the
provisions hereof.

     (b) Amendments and Waivers. The provisions of this Agreement, including the
provisions of this sentence, may not be amended, modified or supplemented, and
waivers or consents to departures from the provisions hereof may not be given
unless the Company and the Guarantors have obtained the written consent of
Holders of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement,
waiver or consent; provided that no amendment, modification, supplement, waiver
or consent to any departure from the provisions of Section 5 hereof shall be
effective as against any Holder of Registrable Securities unless consented to in
writing by such Holder.

                                       16
<PAGE>

     (c) Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand-delivery, registered first-class
mail, telex, telecopier, or any courier guaranteeing overnight delivery (i) if
to a Holder, at the most current address given by such Holder to the Company by
means of a notice given in accordance with the provisions of this Section 6(c),
which address initially is, with respect to the Initial Purchasers, the address
set forth in the Purchase Agreement; and (ii) if to the Company and the
Guarantors, initially at the Company's address set forth in the Purchase
Agreement and thereafter at such other address, notice of which is given in
accordance with the provisions of this Section 6(c). All such notices and
communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five business days after being deposited in the
mail, postage prepaid, if mailed; when answered back, if telexed; when receipt
is acknowledged, if telecopied; and on the next business day if timely delivered
to an air courier guaranteeing overnight delivery. Copies of all such notices,
demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee, at the address specified in the Indenture.

     (d) Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors, assigns and transferees of each of the
parties, including, without limitation and without the need for an express
assignment, subsequent Holders; provided that nothing herein shall be deemed to
permit any assignment, transfer or other disposition of Registrable Securities
in violation of the terms of the Purchase Agreement.  If any transferee of any
Holder shall acquire Registrable Securities in any manner, whether by operation
of law or otherwise, such Registrable Securities shall be held subject to all
the terms of this Agreement, and by taking and holding such Registrable
Securities such Person shall be conclusively deemed to have agreed to be bound
by and to perform all of the terms and provisions of this Agreement and such
Person shall be entitled to receive the benefits hereof.  The Initial Purchasers
(in their capacity as Initial Purchasers) shall have no liability or obligation
to the Company or the Guarantors with respect to any failure by a Holder to
comply with, or any breach by any Holder of, any of the obligations of such
Holder under this Agreement.

     (e) Purchases and Sales of Securities. The Company and the Guarantors shall
not, and shall use their reasonable best efforts to cause their affiliates (as
defined in Rule 405 under the Securities Act) not to, purchase and then resell
or otherwise transfer any Securities.

     (f) Third Party Beneficiaries.  Each Holder shall be a third party
beneficiary to the agreements made hereunder between the Company and the
Guarantors, 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 it deems
such enforcement necessary or advisable to protect its rights or the rights of
other Holders hereunder.

     (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.

                                       17
<PAGE>

     (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 the laws of the
State of New York.

     (j) Severability. In the event that 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.

                                       18
<PAGE>

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

                              PENNZOIL-QUAKER STATE COMPANY

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Group Vice President and
                              Chief Financial Officer

                              JIFFY LUBE INTERNATIONAL, INC.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              JIFFY LUBE INTERNATIONAL OF MARYLAND, INC.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              MEDO INDUSTRIES, INC.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              Q LUBE, INC.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              RAIN-X CORPORATION

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President
<PAGE>

                              BLUE CORAL, INC.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              BLUE CORAL-SLICK 50, INC.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              BLUE CORAL-SLICK 50, LTD.

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              PENNZOIL-QUAKER STATE
                              INTERNATIONAL CORPORATION

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              PENNZOIL-QUAKER STATE CANADA
                              HOLDING COMPANY

                              /s/  Thomas P. Kellagher
                              ------------------------
                              Thomas P. Kellagher
                              Vice President

                              PENNZOIL-QUAKER
                              STATE INVESTMENT COMPANY

                              /s/  Gilbert B. Warren
                              ----------------------
                              Gilbert B. Warren
                              President
<PAGE>

J.P. MORGAN SECURITIES INC.

For itself and on behalf of the
 several Initial Purchasers

/s/   Steven Tulip
------------------
Authorized Signatory
<PAGE>

                                                                      SCHEDULE 1

                                   GUARANTORS

Blue Coral, Inc.

Blue Coral-Slick 50, Inc.

Blue Coral -Slick 50, Ltd.

Jiffy Lube International, Inc.

Jiffy Lube International of Maryland, Inc.

Medo Industries, Inc.

Pennzoil-Quaker State Canada Holding Company

Pennzoil-Quaker State Investment Company

Pennzoil-Quaker State International Corporation

Q Lube, Inc.

Rain-X CorporationEXHIBIT 4

EXHIBIT 4.1

WARRANT AGREEMENT

between

UQM TECHNOLOGIES, INC.

and

COMPUTERSHARE INVESTOR SERVICES

Dated as of _______ __, 2002

This Agreement, dated as of _______ __, 2002, is between UQM Technologies, Inc., a
Colorado corporation (the "Company") and Computershare Investor Services, a
_________ corporation (the "Warrant Agent").

The Company, at or about the time that it is entering into this Agreement, proposes to
issue and sell to public investors shares of its common stock along with warrants. For
each five shares of common stock purchased in the offering, investors will receive a
warrant(a "Warrant") to purchase one share of common stock of the Company
("Common Stock"), subject to adjustment in certain circumstances, all on the
terms and conditions set forth in this Agreement. 

The Company wishes to retain the Warrant Agent to act on behalf of the Company, and the
Warrant Agent is willing so to act, in connection with the issuance, transfer, exchange
and replacement of the certificates evidencing the Warrants to be issued under this
Agreement (the "Warrant Certificates") and the exercise of the Warrants;

The Company and the Warrant Agent wish to enter into this Agreement to set forth the terms
and conditions of the Warrants and the rights of the holders thereof
("Warrantholders") and to set forth the respective rights and obligations of the
Company and the Warrant Agent. Each Warrantholder is an intended beneficiary of this
Agreement with respect to the rights of Warrantholders herein.

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set
forth, the parties hereto agree as follows:

Section 1. Appointment of Warrant Agent

The Company appoints the Warrant Agent to act as agent for the Company in accordance with
the instructions in this Agreement and the Warrant Agent accepts such appointment.

Section 2. Date, Denomination and Execution of Warrant Certificates

The Warrant Certificates (and the Form of Election to Purchase and the Form of Assignment
to be printed on the reverse thereof) shall be in registered form only and shall be
substantially of the tenor and purport recited in Exhibit A hereto, and may have such
letters, numbers or other marks of identification or designation and such legends,
summaries or endorsements printed, lithographed or engraved thereon as the Company may
deem appropriate and as are not inconsistent with the provisions of this Agreement, or as
may be required to comply with any law, or with any rule or regulation made pursuant
thereto, or with any rule or regulation of any stock exchange on which the Common Stock or
the Warrants may be listed or any automated quotation system, or to conform to usage. Each
Warrant Certificate shall entitle the registered holder thereof, subject to the provisions
of this Agreement and of the Warrant Certificate, to purchase, on or after ____________,
2002 and on or before the close of business on _________, 2004 (the " Expiration
Date"), one fully paid and non-assessable share of Common Stock for each Warrant
evidenced by such Warrant Certificate for $___. The exercise price of the Warrants (the
"Exercise Price") is subject to adjustments as provided in Section 6 hereof.
Each Warrant Certificate issued to the public as described in the recitals, above, shall
be dated _____________, 2002; each other Warrant Certificate shall be dated the date on
which the Warrant Agent receives valid issuance instructions from the Company or a
transferring holder of a Warrant Certificate or, if such instructions specify another
date, such other date.

For purposes of this Agreement, the term "close of business" on any given date
shall mean 5:00 p.m., New York time, on such date; provided, however, that if such date is
not a business day, it shall mean 5:00 p.m., New York time, on the next succeeding
business day. For purposes of this Agreement, the term "business day" shall mean
any day other than a Saturday, Sunday, or a day on which banking institutions in New York,
New York are authorized or obligated by law to be closed.

Each Warrant Certificate shall be executed on behalf of the Company by the Chairman of the
Board or its President or a Vice President, either manually or by facsimile signature
printed thereon, and have affixed thereto the Company's seal or a facsimile thereof which
shall be attested by the Secretary or an Assistant Secretary of the Company, either
manually or by facsimile signature. Each Warrant Certificate shall be manually
countersigned by the Warrant Agent and shall not be valid for any purpose unless so
countersigned. In case any officer of the Company who shall have signed any Warrant
Certificate shall cease to be such officer of the Company before countersignature by the
Warrant Agent and issue and delivery thereof by the Company, such Warrant Certificate,
nevertheless, may be countersigned by the Warrant Agent, issued and delivered with the
same force and effect as though the person who signed such Warrant Certificate had not
ceased to be such officer of the Company.

Section 3. Subsequent Issue of Warrant Certificates

Subsequent to their original issuance, no Warrant Certificates shall be reissued except
(i) Warrant Certificates issued upon transfer thereof in accordance with Section 4 hereof,
(ii) Warrant Certificates issued upon any combination, split-up or exchange of Warrant
Certificates pursuant to Section 4 hereof, (iii) Warrant Certificates issued in
replacement of mutilated, destroyed, lost or stolen Warrant Certificates pursuant to
Section 5 hereof, (iv) Warrant Certificates issued upon the partial exercise of Warrant
Certificates pursuant to Section 7 hereof, and (v) Warrant Certificates issued to reflect
any adjustment or change in the Exercise Price or the number or kind of shares purchasable
thereunder pursuant to Section 22 hereof. The Warrant Agent is hereby irrevocably
authorized to countersign and deliver, in accordance with the provisions of said Sections
4, 5, 7 and 22, the new Warrant Certificates required for purposes thereof, and the
Company, whenever required by the Warrant Agent, will supply the Warrant Agent with
Warrant Certificates duly executed on behalf of the Company for such purposes.

Section 4. Transfers and Exchanges of Warrant Certificates

The Warrant Agent will keep or cause to be kept books for registration of ownership and
transfer of the Warrant Certificates issued hereunder. Such registers shall show the names
and addresses of the respective holders of the Warrant Certificates and the kind and
number of Warrants evidenced by each such Warrant Certificate.

The Warrant Agent shall, from time to time, register the transfer of any outstanding
Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon
surrender of the Warrant Certificate evidencing such Warrants, with the Form of Assignment
duly filled in and executed with such signature guaranteed by a banking institution or
NASD member and such  supporting documentation as the Warrant Agent or the Company
may reasonably require, to the Warrant Agent at its stock transfer office in New York, New
York at any time on or before the Expiration Date of such Warrant, and upon payment to the
Warrant Agent for the account of the Company of an amount equal to any applicable transfer
tax. Payment of the amount of such tax may be made in cash, or by certified or official
bank check, payable in lawful money of the United States of America to the order of the
Company.

Upon receipt of a Warrant Certificate, with the Form of Assignment duly filled in and
executed, accompanied by payment of an amount equal to any applicable transfer tax, the
Warrant Agent shall promptly cancel the surrendered Warrant Certificate and countersign
and deliver to the transferee a new Warrant Certificate for the number of full Warrants,
transferred to such transferee; provided, however, that in case the registered holder of
any Warrant Certificate shall elect to transfer fewer than all of the Warrants evidenced
by such Warrant Certificate, the Warrant Agent in addition shall promptly countersign and
deliver to such registered holder a new Warrant Certificate or Certificates for the number
of full Warrants not so transferred.

Any Warrant Certificate or Certificates may be exchanged at the option of the holder
thereof for another Warrant Certificate or Certificates of different denominations, of
like tenor and representing in the aggregate the same kind and number of Warrants, upon
surrender of such Warrant Certificate or Certificates, with the Form of Assignment duly
filled in and executed, to the Warrant Agent, at any time or from time to time after the
close of business on the date hereof and prior to the close of business on the Expiration
Date relating to such Warrant. The Warrant Agent shall promptly cancel the surrendered
Warrant Certificate and deliver the new Warrant Certificate pursuant to the provisions of
this Section.

Section 5. Mutilated, Destroyed, Lost or Stolen Warrant Certificates

Upon receipt by the Company and the Warrant Agent of evidence reasonably satisfactory to
them of the loss, theft, destruction or mutilation of any Warrant Certificate, and in the
case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
them, and reimbursement to them of all reasonable expenses incidental thereto, and, in the
case of mutilation, upon surrender and cancellation of the Warrant Certificate, the
Warrant Agent shall countersign and deliver a new Warrant Certificate of like tenor for
the same kind and number of Warrants.

Section 6. Adjustments of Number and Kind of Shares Purchasable and Exercise Price

The number and kind of securities or other property purchasable upon exercise of a Warrant
shall be subject to adjustment from time to time upon the occurrence, after the date
hereof, of any of the following events:

A. In case the Company shall (1) pay a dividend in, or make a distribution of, shares of
capital stock on its outstanding Common Stock, (2) subdivide its outstanding shares of
Common Stock into a greater number of such shares or (3) combine its outstanding shares of
Common Stock into a smaller number of such shares, the total number of shares of Common
Stock purchasable upon the exercise of each Warrant outstanding immediately prior thereto
shall be adjusted so that the holder of any Warrant Certificate thereafter surrendered for
exercise shall be entitled to receive at the same aggregate Exercise Price the number of
shares of capital stock (of one or more classes) which such holder would have owned or
have been entitled to receive immediately following the happening of any of the events
described above had such Warrant been exercised in full immediately prior to the record
date with respect to such event. Any adjustment made pursuant to this Subsection shall, in
the case of a stock dividend or distribution, become effective as of the record date
therefor and, in the case of a subdivision or combination, be made as of the effective
date thereof. If, as a result of an adjustment made pursuant to this Subsection, the
holder of any Warrant Certificate thereafter surrendered for exercise shall become
entitled to receive shares of two or more classes of capital stock of the Company, the
Board of Directors of the Company (whose determination shall be conclusive and shall be
evidenced by a Board resolution filed with the Warrant Agent) shall determine the
allocation of the adjusted Exercise Price between or among shares of such classes of
capital stock.

B. In the event of a capital reorganization or a reclassification of the Common Stock
(except as provided in Subsection A. above or Subsection D. below), any Warrantholder,
upon exercise of Warrants, shall be entitled to receive, in substitution for the Common
Stock to which he would have become entitled upon exercise immediately prior to such
reorganization or reclassification, the shares (of any class or classes) or other
securities or property of the Company (or cash) that he would have been entitled to
receive at the same aggregate Exercise Price upon such reorganization or reclassification
if such Warrants had been exercised immediately prior to the record date with respect to
such event; and in any such case, appropriate provision (as determined by the Board of
Directors of the Company, whose determination shall be conclusive and shall be evidenced
by a certified Board resolution filed with the Warrant Agent) shall be made for the
application of this Section 6 with respect to the rights and interests thereafter of the
Warrantholders (including but not limited to the allocation of the Exercise Price between
or among shares of classes of capital stock), to the end that this Section 6 (including
the adjustments of the number of shares of Common Stock or other securities purchasable
and the Exercise Price thereof) shall thereafter be reflected, as nearly as reasonably
practicable, in all subsequent exercises of the Warrants for any shares or securities or
other property (or cash) thereafter deliverable upon the exercise of the Warrants. 

C. Whenever the number of shares of Common Stock or other securities purchasable upon
exercise of a Warrant is adjusted as provided in this Section 6, the Company will promptly
file with the Warrant Agent a certificate signed by a Chairman or co-Chairman of the Board
or the President or a Vice President of the Company and by the Treasurer or an Assistant
Treasurer or the Secretary or an Assistant Secretary of the Company setting forth the
number and kind of securities or other property purchasable upon exercise of a Warrant as
so adjusted, stating that such adjustments in the number or kind of shares or other
securities or property conform to the requirements of this Section 6, and setting forth a
brief statement of the facts accounting for such adjustments. Promptly after receipt of
such certificate, the Company, or the Warrant Agent at the Company's request, will
deliver, by first-class, postage prepaid mail, a brief summary thereof (to be supplied by
the Company) to the registered holders of the outstanding Warrant Certificates; provided,
however, that failure to file or to give any notice required under this Subsection, or any
defect therein, shall not affect the legality or validity of any such adjustments under
this Section 6; and provided, further, that, where appropriate, such notice may be given
in advance and included as part of the notice required to be given pursuant to Section 12
hereof.

D. In case of any consolidation of the Company with, or merger of the Company into,
another corporation (other than a consolidation or merger which does not result in any
reclassification or change of the outstanding Common Stock), or in case of any sale or
conveyance to another corporation of the property of the Company as an entirety or
substantially as an entirety, the corporation formed by such consolidation or merger or
the corporation which shall have acquired such assets, as the case may be, shall execute
and deliver to the Warrant Agent a supplemental warrant agreement providing that the
holder of each Warrant then outstanding shall have the right thereafter (until the
expiration of such Warrant) to receive, upon exercise of such Warrant, solely the kind and
amount of shares of stock and other securities and property (or cash) receivable upon such
consolidation, merger, sale or transfer by a holder of the number of shares of Common
Stock of the Company for which such Warrant might have been exercised immediately prior to
such consolidation, merger, sale or transfer. Such supplemental warrant agreement shall
provide for adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided in this Section. The above provision of this Subsection shall
similarly apply to successive consolidations, mergers, sales or transfers.

The Warrant Agent shall not be under any responsibility to determine the correctness of
any provision contained in any such supplemental warrant agreement relating to either the
kind or amount of shares of stock or securities or property (or cash) purchasable by
holders of Warrant Certificates upon the exercise of their Warrants after any such
consolidation, merger, sale or transfer or of any adjustment to be made with respect
thereto, but subject to the provisions of Section 20 hereof, may accept as conclusive
evidence of the correctness of any such provisions, and shall be protected in relying
upon, a certificate of a firm of independent certified public accountants (who may be the
accountants regularly employed by the Company) with respect thereto.

E. Irrespective of any adjustments in the number or kind of shares issuable upon exercise
of Warrants, Warrant Certificates theretofore or thereafter issued may continue to express
the same price and number and kind of shares as are stated in the similar Warrant
Certificates initially issuable pursuant to this Warrant Agreement.

F. The Company may retain a firm of independent public accountants of recognized standing,
which may be the firm regularly retained by the Company, selected by the Board of
Directors of the Company or the Executive Committee of said Board, and not disapproved by
the Warrant Agent, to make any computation required under this Section, and a certificate
signed by such firm shall, in the absence of fraud or gross negligence, be conclusive
evidence of the correctness of any computation made under this Section.

G. For the purpose of this Section, the term "Common Stock" shall mean (i) the
Common Stock or (ii) any other class of stock resulting from successive

changes or reclassifications of such Common Stock consisting solely of changes in par
value, or from par value to no par value, or from no par value to par value. In the event
that at any time as a result of an adjustment made pursuant to this Section, the holder of
any Warrant thereafter surrendered for exercise shall become entitled to receive any
shares of capital stock of the Company other than shares of Common Stock, thereafter the
number of such other shares so receivable upon exercise of any Warrant shall be subject to
adjustment from time to time in a manner and on terms as nearly equivalent as practicable
to the provisions with respect to the Common Stock contained in this Section, and all
other provisions of this Agreement, with respect to the Common Stock, shall apply on like
terms to any such other shares.

Section 7. Exercise of Warrants

The registered holder of any Warrant Certificate may exercise the Warrants evidenced
thereby, in whole at any time or in part from time to time at or prior to the close of
business, on the Expiration Date relating to such Warrant, subject to the provisions of
Section 9, at which time the Warrant Certificates shall be and become wholly void and of
no value. Warrants may be exercised by their holders as follows:

A. Exercise of Warrants shall be accomplished upon surrender of the Warrant Certificate
evidencing such Warrants, with the Form of Election to Purchase on the reverse side
thereof duly filled in and executed, to the Warrant Agent at its stock transfer office in
New York, New York, together with payment to the Company of the Exercise Price (as of the
date of such surrender) of the Warrants then being exercised and an amount equal to any
applicable transfer tax and, if requested by the Company, any other taxes or governmental
charges which the Company may be required by law to collect in respect of such exercise.
Payment of the Exercise Price and other amounts may be made by wire transfer of good
funds, or by certified or bank cashier's check, payable in lawful money of the United
States of America to the order of the Company. No adjustment shall be made for any cash
dividends, whether paid or declared, on any securities issuable upon exercise of a
Warrant.

B. Upon receipt of a Warrant Certificate, with the Form of Election to Purchase duly
filled in and executed, accompanied by payment of the Exercise Price of the Warrants being
exercised (and of an amount equal to any applicable taxes or government charges as
aforesaid), the Warrant Agent shall promptly request from the Transfer Agent with respect
to the securities to be issued and deliver to or upon the order of the registered holder
of such Warrant Certificate, in such name or names as such registered holder may
designate, a certificate or certificates for the number of full shares of the securities
to be purchased, together with cash made available by the Company pursuant to Section 8
hereof in respect of any fraction of a share of such securities otherwise issuable upon
such exercise. If the Warrant is then exercisable to purchase property other than
securities, the Warrant Agent shall take appropriate steps to cause such property to be
delivered to or upon the order of the registered holder of such Warrant Certificate. In
addition, if it is required by law and upon instruction by the Company, the Warrant Agent
will deliver to each Warrantholder a prospectus which complies with the provisions of
Section 9 of the Securities Act of 1933 and the Company agrees to supply Warrant Agent
with sufficient number of prospectuses to effectuate that purpose.

C. In case the registered holder of any Warrant Certificate shall exercise fewer than all
of the Warrants evidenced by such Warrant Certificate, the Warrant Agent shall promptly
countersign and deliver to the registered holder of such Warrant Certificate, or to his
duly authorized assigns, a new Warrant Certificate or Certificates evidencing the number
of Warrants that were not so exercised.

D. Each person in whose name any certificate for securities is issued upon the exercise of
Warrants shall for all purposes be deemed to have become the holder of record of the
securities represented thereby as of, and such certificate shall be dated, the date upon
which the Warrant Certificate was duly surrendered in proper form and payment of the
Exercise Price (and of any applicable taxes or other governmental charges) was made;
provided, however, that if the date of such surrender and payment is a date on which the
stock transfer books of the Company are closed, such person shall be deemed to have become
the record holder of such shares as of, and the certificate for such shares shall be
dated, the next succeeding business day on which the stock transfer books of the Company
are open (whether before, on or after the Expiration Date relating to such Warrant) and
the Warrant Agent shall be under no duty to deliver the certificate for such shares until
such date. The Company covenants and agrees that it shall not cause its stock transfer
books to be closed for a period of more than 20 consecutive business days except upon
consolidation, merger, sale of all or substantially all of its assets, dissolution or
liquidation or as otherwise provided by law.

Section 8. Fractional Interests

The Company shall not be required to issue any Warrant Certificate evidencing a fraction
of a Warrant or to issue fractions of shares of securities on the exercise of the
Warrants. If any fraction (calculated to the nearest one-hundredth) of a Warrant or a
share of securities would, except for the provisions of this Section, be issuable on the
exercise of any Warrant, the Company shall, at its option, either issue the required
fractional Warrant or share or purchase such fraction for an amount in cash equal to the
current value of such fraction computed on the basis of the closing market price (as
quoted on the Company's principal stock exchange) on the trading day immediately preceding
the day upon which such Warrant Certificate was surrendered for exercise in accordance
with Section 7 hereof.  If the Company's common stock is not quoted on a stock
exchange or in the National Association of Securities Dealers Automated Quotation System,
then the value shall be the highest bid price quoted for such day as reported by the
National Quotation Bureau pink sheets.  If there is no active public market, the
value shall be the fair market value thereof as reasonably determined in good faith by the
Board of Directors of the Company.  By accepting a Warrant Certificate, the holder
thereof expressly waives any right to receive a Warrant Certificate evidencing any
fraction of a Warrant or to receive any fractional share of securities upon exercise of a
Warrant, except as expressly provided in this Section 8.

Section 9. Reservation of Equity Securities

The Company covenants that it will at all times reserve and keep available, free from any
pre-emptive rights, out of its authorized and unissued equity securities, solely for the
purpose of issue upon exercise of the Warrants, such number of shares of equity securities
of the Company as shall then be issuable upon the exercise of all outstanding Warrants
("Equity Securities"). The Company covenants that all Equity Securities which
shall be so issuable shall, upon such issue, be duly authorized, validly issued, fully
paid and non-assessable.

The Company covenants that if any equity securities, required to be reserved for the
purpose of issue upon exercise of the Warrants hereunder, require registration with or
approval of any governmental authority under any federal or state law before such shares
may be issued upon exercise of Warrants, the Company will use all commercially reasonable
efforts to cause such securities to be duly registered, or approved, as the case may be,
and, to the extent practicable, take all such action in anticipation of and prior to the
exercise of the Warrants, including, without limitation, filing any and all post-effective
amendments to the Company's Registration Statement on Form S-3 (Registration No.
333-75520) necessary to permit a public offering of the securities underlying the Warrants
at any and all times during the term of this Agreement, provided, however, that in no
event shall such securities be issued, and the Company is authorized to refuse to honor
the exercise of any Warrant, if such exercise would result in the opinion of the Company's
Board of Directors, upon advice of counsel, in the violation of any law.

Section 10. Reduction of Exercise Price Below Par Value

Before taking any action that would cause an adjustment pursuant to Section 6 hereof
reducing the portion of the Exercise Price required to purchase one share of capital stock
below the then par value (if any) of a share of such capital stock, the Company will use
its best efforts to take any corporate action which, in the opinion of its counsel, may be
necessary in order that the Company may validly and legally issue fully paid and
non-assessable shares of such capital stock.

Section 11. Payment of Taxes

The Company covenants and agrees that it will pay when due and payable any and all federal
and state documentary stamp and other original issue taxes which may be payable in respect
of the original issuance of the Warrant Certificates, or any shares of Common Stock or
other securities upon the exercise of Warrants. The Company shall not, however, be
required (i) to pay any tax which may be payable in respect of any transfer involved in
the transfer and delivery of Warrant Certificates or the issuance or delivery of
certificates for Common Stock or other securities in a name other than that of the
registered holder of the Warrant Certificate surrendered for purchase or (ii) to issue or
deliver any certificate for shares of Common Stock or other securities upon the exercise
of any Warrant Certificate until any such tax shall have been paid, all such tax being
payable by the holder of such Warrant Certificate at the time of surrender.

Section 12. Notice of Certain Corporate Action

In case the Company after the date hereof shall propose (i) to offer to the holders of
Common Stock, generally, rights to subscribe to or purchase any additional shares of any
class of its capital stock, any evidences of its indebtedness or assets, or any other
rights or options or (ii) to effect any reclassification of Common Stock (other than a
reclassification involving merely the subdivision or combination of outstanding shares of
Common Stock) or any capital reorganization, or any consolidation or merger to which the
Company is a party and for which approval of any stockholders of the Company is required,
or any sale, transfer or other disposition of its property and assets substantially as an
entirety, or the liquidation, voluntary or involuntary dissolution or winding-up of the
Company, then, in each such case, the Company shall file with the Warrant Agent and the
Company, or the Warrant Agent on its behalf, shall mail (by first-class, postage prepaid
mail) to all registered holders of the Warrant Certificates notice of such proposed
action, which notice shall specify the date on which the books of the Company shall close
or a record be taken for such offer of rights or options, or the date on which such
reclassification, reorganization, consolidation, merger, sale, transfer, other
disposition, liquidation, voluntary or involuntary dissolution or winding-up shall take
place or commence, as the case may be, and which shall also specify any record date for
determination of holders of Common Stock entitled to vote thereon or participate therein
and shall set forth such facts with respect thereto as shall be reasonably necessary to
indicate any adjustments in the Exercise Price and the number or kind of shares or other
securities purchasable upon exercise of Warrants which will be required as a result of
such action. Such notice shall be filed and mailed in the case of any action covered by
clause (i) above, at least ten days prior to the record date for determining holders of
the Common Stock for purposes of such action or, if a record is not to be taken, the date
as of which the holders of shares of Common Stock of record are to be entitled to such
offering; and, in the case of any action covered by clause (ii) above, at least 20 days
prior to the earlier of the date on which such reclassification, reorganization,
consolidation, merger, sale, transfer, other disposition, liquidation, voluntary or
involuntary dissolution or winding-up is expected to become effective and the date on
which it is expected that holders of shares of Common Stock of record on such date shall
be entitled to exchange their shares for securities or other property deliverable upon
such reclassification, reorganization, consolidation, merger, sale, transfer, other
disposition, liquidation, voluntary or involuntary dissolution or winding-up.

Failure to give any such notice or any defect therein shall not affect the legality or
validity of any transaction listed in this Section 12.

Section 13. Disposition of Proceeds on Exercise of Warrant Certificates, etc.

The Warrant Agent shall account promptly to the Company with respect to Warrants exercised
and concurrently pay to the Company all moneys received by the Warrant Agent for the
purchase of securities or other property through the exercise of such Warrants.

The Warrant Agent shall keep copies of this Agreement available for inspection by
Warrantholders during normal business hours at its stock transfer office. Copies of this
Agreement may be obtained upon written request addressed to the Warrant Agent at its stock
transfer office in New York, New York.

Section 14. Warrantholder Not Deemed a Stockholder

No Warrantholder, as such, shall be entitled to vote, receive dividends or be deemed the
holder of Common Stock or any other securities of the Company which may at any time be
issuable on the exercise of the Warrants represented thereby for any purpose whatever, nor
shall anything contained herein or in any Warrant Certificate be construed to confer upon
any Warrantholder, as such, any of the rights of a stockholder of the Company or any right
to vote for the election of directors or upon any matter submitted to stockholders at any
meeting thereof, or to give or withhold consent to any corporate action (whether upon any
recapitalization, issuance of stock, reclassification of stock, change of par value or
change of stock to no par value, consolidation, merger, conveyance or otherwise), or to
receive notice of meetings or other actions affecting stockholders (except as provided in
Section 12 hereof), or to receive dividend or subscription rights, or otherwise, until
such Warrant Certificate shall have been exercised in accordance with the provisions
hereof and the receipt of the Exercise Price and any other amounts payable upon such
exercise by the Warrant Agent.

Section 15. Right of Action

All rights of action in respect to this Agreement are vested in the respective registered
holders of the Warrant Certificates; and any registered holder of any Warrant Certificate,
without the consent of the Warrant Agent or of any other holder of a Warrant Certificate,
may, in his own behalf for his own benefit, enforce, and may institute and maintain any
suit, action or proceeding against the Company suitable to enforce, or otherwise in
respect of, his right to exercise the Warrants evidenced by such Warrant Certificate, for
the purchase of shares of the Common Stock in the manner provided in the Warrant
Certificate and in this Agreement.

Section 16. Agreement of Holders of Warrant Certificates

Every holder of a Warrant Certificate by accepting the same consents and agrees with the
Company, the Warrant Agent and with every other holder of a Warrant Certificate that:

A. the Warrant Certificates are transferable on the registry books of the Warrant Agent
only upon the terms and conditions set forth in this Agreement;

and

B. the Company and the Warrant Agent may deem and treat the person in whose name the
Warrant Certificate is registered as the absolute owner of the Warrant (notwithstanding
any notation of ownership or other writing thereon made by anyone other than the Company
or the Warrant Agent) for all purposes whatever and neither the Company nor the Warrant
Agent shall be affected by any notice to the contrary.

Section 17. Cancellation of Warrant Certificates

In the event that the Company shall purchase or otherwise acquire any Warrant Certificate
or Certificates after the issuance thereof, such Warrant Certificate or Certificates shall
thereupon be delivered to the Warrant Agent and be canceled by it and retired. The Warrant
Agent shall also cancel any Warrant Certificate delivered to it for exercise, in whole or
in part, or delivered to it for transfer, split-up, combination or exchange. Warrant
Certificates so canceled shall be delivered by the Warrant Agent to the Company from time
to time, or disposed of in accordance with the instructions of the Company.

Section 18. Concerning the Warrant Agent

The Company agrees to pay to the Warrant Agent from time to time, on demand of the Warrant
Agent, reasonable compensation for all services rendered by it hereunder and also its
reasonable expenses, including counsel fees, and other disbursements incurred in the
administration and execution of this Agreement and the exercise and performance of its
duties hereunder. The Company also agrees to indemnify the Warrant Agent for, and to hold
it harmless against, any loss, liability or expense, incurred without gross negligence,
bad faith or willful misconduct on the part of the Warrant Agent, arising out of or in
connection with the acceptance and administration of this Agreement.

Section 19. Merger or Consolidation or Change of Name of Warrant Agent

Any corporation into which the Warrant Agent may be merged or with which it may be
consolidated, or any corporation resulting from any merger or consolidation to which the
Warrant Agent shall be a party, or any corporation succeeding to the corporate trust
business of the Warrant Agent, shall be the successor to the Warrant Agent hereunder
without the execution or filing of any paper or any further act on the part of any of the
parties hereto, provided that such corporation would be eligible for appointment as a
successor warrant agent under the provisions of Section 21 hereof. In case at the time
such successor to the Warrant Agent shall succeed to the agency created by this Agreement,
any of the Warrant Certificates shall have been countersigned but not delivered, any such
successor to the Warrant Agent may adopt the countersignature of the original Warrant
Agent and deliver such Warrant Certificates so countersigned; and in case at that time any
of the Warrant Certificates shall not have been countersigned, any successor to the
Warrant Agent may countersign such Warrant Certificates either in the name of the
predecessor Warrant Agent or in the name of the successor Warrant Agent; and in all such
cases such Warrant Certificates shall have the full force provided in the Warrant
Certificates and in this Agreement.

In case at any time the name of the Warrant Agent shall be changed and at such time any of
the Warrant Certificates shall have been countersigned but not delivered, the Warrant
Agent may adopt the countersignature under its prior name and deliver Warrant Certificates
so countersigned; and in case at that time any of the Warrant Certificates shall not have
been countersigned, the Warrant Agent may countersign such Warrant Certificates either in
its prior name or in its changed name; and in all such cases such Warrant Certificates
shall have the full force provided in the Warrant Certificates and in this Agreement.

Section 20. Duties of Warrant Agent

The Warrant Agent undertakes the duties and obligations imposed by this Agreement upon the
following terms and conditions, by all of which the Company and the holders of Warrant
Certificates, by their acceptance thereof, shall be bound:

A. The Warrant Agent may consult with counsel satisfactory to it (who may be counsel for
the Company), and the opinion of such counsel shall be full and complete authorization and
protection to the Warrant Agent as to any action taken, suffered or omitted by it in good
faith and in accordance with such opinion; provided, however, that the Warrant Agent shall
have exercised reasonable care in the selection of such counsel. Fees and expenses of such
counsel, to the extent reasonable, shall be paid by the Company. 

B. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall
deem it necessary or desirable that any fact or matter be proved or established by the
Company prior to taking or suffering any action hereunder, such fact or matter (unless
other evidence in respect thereof be herein specifically prescribed) may be deemed to be
conclusively proved and established by a certificate signed by a Chairman or co-Chairman
of the Board or the President or a Vice President or the Secretary of the Company and
delivered to the Warrant Agent; and such certificate shall be full authorization to the
Warrant Agent for any action taken or suffered in good faith by it under the provisions of
this Agreement in reliance upon such certificate.

C. The Warrant Agent shall be liable hereunder only for its own gross negligence, bad
faith or willful misconduct.

D. The Warrant Agent shall not be liable for or by reason of any of the statements of fact
or recitals contained in this Agreement or in the Warrant Certificates (except its
countersignature on the Warrant Certificates and such statements or recitals as describe
the Warrant Agent or action taken or to be taken by it) or be required to verify the same,
but all such statements and recitals are and shall be deemed to have been made by the
Company only.

E. The Warrant Agent shall not be under any responsibility in respect of the validity of
this Agreement or the execution and delivery hereof (except the due execution hereof by
the Warrant Agent) or in respect of the validity or execution of any Warrant Certificate
(except its countersignature thereof); nor shall it be responsible for any breach by the
Company of any covenant or condition contained in this Agreement or in any Warrant
Certificate; nor shall it be responsible for the making of any change in the number of
shares of Common Stock for which a Warrant is exercisable required under the provisions of
Section 6 or responsible for the manner, method or amount of any such change or the
ascertaining of the existence of facts that would require any such adjustment or change
(except with respect to the exercise of Warrant Certificates after actual notice of any
adjustment of the Exercise Price); nor shall it by any act hereunder be deemed to make any
representation or warranty as to the authorization or reservation of any shares of Common
Stock to be issued pursuant to this Agreement or any Warrant Certificate or as to whether
any shares of Common Stock will, when issued, be validly issued, fully paid and
non-assessable.

F. The Warrant Agent shall be under no obligation to institute any action, suit or legal
proceeding or take any other action likely to involve expense unless the Company or one or
more registered holders of Warrant Certificates shall furnish the Warrant Agent with
reasonable security and indemnity for any costs and expenses which may be incurred. All
rights of action under this Agreement or under any of the Warrants may be enforced by the
Warrant Agent without the possession of any of the Warrants or the production thereof at
any trial or other proceeding relative thereto, and any such action, suit or proceeding
instituted by the Warrant Agent shall be brought in its name as Warrant Agent, and any
recovery of judgment shall be for the ratable benefit of the registered holders of the
Warrant Certificates, as their respective rights or interests may appear.

G. The Warrant Agent and any stockholder, director, officer or employee of the Warrant
Agent may buy, sell or deal in any of the Warrants or other securities of the Company or
become pecuniarily interested in any transaction in which the Company may be interested,
or contract with or lend money to or otherwise act as fully and freely as though it were
not Warrant Agent under this Agreement. Nothing herein shall preclude the Warrant Agent
from acting in any other capacity for the Company or for any other legal entity.

H. The Warrant Agent is hereby authorized and directed to accept instructions with respect
to the performance of its duties hereunder from a Chairman or co-Chairman of the Board or
President or a Vice President or the Secretary or the Controller of the Company, and to
apply to such officers for advice or instructions in connection with the Warrant Agent's
duties, and it shall not be liable for any action taken or suffered or omitted by it in
good faith in accordance with instructions of any such officer.

I. The Warrant Agent will not be responsible for any failure of the Company to comply with
any of the covenants contained in this Agreement or in the Warrant Certificates to be
complied with by the Company.

J. The Warrant Agent may execute and exercise any of the rights or powers hereby vested in
it or perform any duty hereunder either itself or by or through its attorneys, agents or
employees and the Warrant Agent shall not be answerable or accountable for any act,
default, neglect or misconduct of any such attorneys, agents or employees or for any loss
to the Company resulting from such neglect or misconduct; provided, however, that
reasonable care shall have been exercised in the selection and continued employment of
such attorneys, agents and employees.

K. The Warrant Agent will not incur any liability or responsibility to the Company or to
any holder of any Warrant Certificate for any action taken, or any failure to take action,
in reliance on any notice, resolution, waiver, consent, order, certificate, or other
paper, document or instrument reasonably believed by the Warrant Agent to be genuine and
to have been signed, sent or presented by the proper party or parties.

L. The Warrant Agent will act hereunder solely as agent of the Company in a ministerial
capacity, and its duties will be determined solely by the provisions hereof. The Warrant
Agent will not be liable for anything which it may do or refrain from doing in connection
with this Agreement except for its own gross negligence, bad faith or willful conduct.

Section 21. Change of Warrant Agent

The Warrant Agent may resign and be discharged from its duties under this Agreement upon
30 days' prior notice in writing mailed, by registered or certified mail, to the Company.
The Company may remove the Warrant Agent or any successor warrant agent upon 30 days'
prior notice in writing, mailed to the Warrant Agent or successor warrant agent, as the
case may be, by registered or certified mail. If the Warrant Agent shall resign or be
removed or shall otherwise become incapable of acting, the Company shall appoint a
successor to the Warrant Agent and shall, within 15 days following such appointment, give
notice thereof in writing to each registered holder of the Warrant Certificates. If the
Company shall fail to make such appointment within a period of 15 days after giving notice
of such removal or after it has been notified in writing of such resignation or incapacity
by the resigning or incapacitated Warrant Agent, then the Company agrees to perform the
duties of the Warrant Agent hereunder until a successor Warrant Agent is appointed. After
appointment and execution of a copy of this Agreement in effect at that time, the
successor Warrant Agent shall be vested with the same powers, rights, duties and
responsibilities as if it had been originally named as Warrant Agent without further act
or deed; but the former Warrant Agent shall deliver and transfer to the successor Warrant
Agent, within a reasonable time, any property at the time held by it hereunder, and
execute and deliver any further assurance, conveyance, act or deed necessary for the
purpose. Failure to give any notice provided for in this Section, however, or any defect
therein shall not affect the legality or validity of the resignation or removal of the
Warrant Agent or the appointment of the successor warrant agent, as the case may be.

Section 22. Issuance of New Warrant Certificates

Notwithstanding any of the provisions of this Agreement or the several Warrant
Certificates to the contrary, the Company may, at its option, issue new Warrant
Certificates in such form as may be approved by its Board of Directors to reflect any
adjustment or change in the Exercise Price or the number or kind of shares purchasable
under the several Warrant Certificates made in accordance with the provisions of this
Agreement.

Section 23. Notices

Notice or demand pursuant to this Agreement to be given or made on the Company by the
Warrant Agent or by the registered holder of any Warrant Certificate shall be sufficiently
given or made if sent by first-class or registered mail, postage prepaid, addressed (until
another address is filed in writing by the Company with the Warrant Agent) as follows:

UQM Technologies, Inc.

425 Corporate Circle

Golden, CO  80401

Subject to the provisions of Section 21, any notice pursuant to this Agreement to be given
or made by the Company or by the holder of any Warrant Certificate to or on the Warrant
Agent shall be sufficiently given or made if sent by first-class or registered mail,
postage prepaid, addressed (until another address is filed in writing by the Warrant Agent
with the Company) as follows:

____________

____________

____________

____________

Any notice or demand authorized to be given or made to the registered holder of any
Warrant Certificate under this Agreement shall be sufficiently given or made if sent by
first-class or registered mail, postage prepaid, to the last address of such holder as it
shall appear on the registers maintained by the Warrant Agent.

Section 24. Modification of Agreement

The Warrant Agent may, without the consent or concurrence of the Warrantholders, by
supplemental agreement or otherwise, concur with the Company in making any changes or
corrections in this Agreement that the Warrant Agent shall have been advised by counsel
(who may be counsel for the Company) are necessary or desirable to cure any ambiguity or
to correct any defective or inconsistent provision or clerical omission or mistake or
manifest error herein contained, or to make any other provisions in regard to matters or
questions arising hereunder and which shall not be inconsistent with the provisions of the
Warrant Certificates and which shall not adversely affect the interests of the
Warrantholders. As of the date hereof, this Agreement contains the entire and only
agreement, understanding, representation, condition, warranty or covenant between the
parties hereto with respect to the matters herein, supersedes any and all other agreements
between the parties hereto relating to such matters, and may be modified or amended only
by a written agreement signed by both parties hereto pursuant to the authority granted by
the first sentence of this Section.

Section 25. Successors

All the covenants and provisions of this Agreement by or for the benefit of the Company or
the Warrant Agent shall bind and inure to the benefit of their respective successors and
assigns hereunder.

Section 26. Colorado Contract

This Agreement and each Warrant Certificate issued hereunder shall

be deemed to be a contract made under the laws of the State of Colorado and for all
purposes shall be construed in accordance with the laws of said State.

Section 27. Termination

This Agreement shall terminate as of the close of business on the Expiration Date, or such
earlier date upon which all Warrants shall have been exercised, except that the Warrant
Agent shall account to the Company as to all Warrants outstanding and all cash held by it
as of the close of business on the Expiration Date.

Section 28. Benefits of this Agreement

Nothing in this Agreement or in the Warrant Certificates shall be construed to give to any
person or corporation other than the Company, the Warrant Agent, and their respective
successors and assigns hereunder and the registered holders of the Warrant Certificates
any legal or equitable right, remedy or claim under this Agreement; but this Agreement
shall be for the sole and exclusive benefit of the Company, the Warrant Agent, their
respective successors and assigns hereunder and the registered holders of the Warrant
Certificates.

Section 29. Descriptive Headings

The descriptive headings of the several Sections of this Agreement are inserted for
convenience only and shall not control or affect the meaning or construction of any of the
provisions hereof.

Section 30. Counterparts

This Agreement may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute one and the same instrument.

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

UQM Technologies, Inc.

By:

   -----------------------------

Title:

--------------------------------

By:

   -----------------------------

Title:

                                                                       EXHIBIT
A

                VOID
AFTER 5 P.M. NEW YORK TIME ON _________, 2004

                        WARRANTS
TO PURCHASE COMMON STOCK

WA_____
                    _________
Warrants

UQM Technologies, Inc.

CUSIP ________________

THIS CERTIFIES THAT

or registered assigns, is the registered holder of the number of Warrants
("Warrants") set forth above. Each Warrant entitles the holder thereof to
purchase from UQM Technologies, Inc., a corporation incorporated under the laws of the
State of Colorado ("Company"), subject to the terms and

conditions set forth hereinafter and in the Warrant Agreement hereinafter more fully
described (the "Warrant Agreement") referred to, (A) at any time on or after
_________, 2002 and on or before the close of business on __________, 2004, one fully paid
and non-assessable share of Common Stock of the Company ("Common Stock") upon
presentation and surrender of this Warrant Certificate, with the instructions for the
registration and delivery of Common Stock filled in, at the stock transfer office in New
York, New York, of Computershare Investor Services, Warrant Agent of the Company
("Warrant Agent") or of its successor warrant agent or, if there be no successor
warrant agent, at the corporate offices of the Company, and upon payment of the Exercise
Price (as defined in the Warrant Agreement) and any applicable taxes paid either in cash,
or by certified or official bank check, payable in lawful money of the United States of
America to the order of the Company. The Exercise Price shall be $___. The exercise price
is subject to adjustment as set forth in the Warrant Agreement. The number and kind of
securities or other property for which the  Warrants are exercisable are subject to
further adjustment in certain events, such as mergers, splits, stock dividends,
recapitalizations, to prevent dilution. All Warrants not theretofore exercised will expire
on the Expiration Date.

This Warrant Certificate is subject to all of the terms, provisions and conditions of the
Warrant Agreement, dated as of __________, 2002 ("Warrant Agreement"), between
the Company and the Warrant Agent, to all of which terms, provisions and conditions the
registered holder of this Warrant Certificate consents by acceptance hereof. The Warrant
Agreement is incorporated herein by reference and made a part hereof and reference is made
to the Warrant Agreement for a full description of the rights, limitations of rights,
obligations, duties and immunities of the Warrant Agent, the Company and the holders of
the Warrant Certificates. Copies of the Warrant Agreement are available for inspection at
the stock transfer office of the Warrant Agent or may be obtained upon written request
addressed to the Company at UQM Technologies, Inc., 425 Corporate Circle, Golden, CO
  80401, Attention: Chief Financial Officer.

The Company shall not be required upon the exercise of the Warrants evidenced by this
Warrant Certificate to issue fractions of Warrants, Common Stock or other securities, but
shall make adjustment therefor in cash on the basis of the current market value of any
fractional interest as provided in the Warrant Agreement.

In certain cases, the sale of securities by the Company upon exercise of Warrants would
violate the securities laws of the United States, certain states thereof or other
jurisdictions. The Company has agreed to use all commercially reasonable efforts to cause
a registration statement to continue to be effective during the term of the Warrants with
respect to such sales under the Securities Act of 1933, and to take such action under the
laws of various states as may be required to cause the sale of securities upon exercise to
be lawful. However, the Company will not be required to honor the exercise of Warrants if,
in the opinion of the Board of Directors, upon advice of counsel, the sale of securities
upon such exercise would be unlawful.

This Warrant Certificate, with or without other Certificates, upon surrender to the
Warrant Agent, any successor warrant agent or, in the absence of any successor warrant
agent, at the corporate offices of the Company, may be exchanged for another Warrant
Certificate or Certificates evidencing in the aggregate the same number of Warrants as the
Warrant Certificate or Certificates so surrendered. If the Warrants evidenced by this
Warrant Certificate shall be exercised in part, the holder hereof shall be entitled to
receive upon surrender hereof another Warrant Certificate or Certificates evidencing the
number of Warrants not so exercised.

No holder of this Warrant Certificate, as such, shall be entitled to vote, receive
dividends or be deemed the holder of Common Stock or any other securities of the Company
which may at any time be issuable on the exercise hereof for any purpose whatever, nor
shall anything contained in the Warrant Agreement or herein be construed to confer upon
the holder of this Warrant Certificate, as such, any of the rights of a stockholder of the
Company or any right to vote for the election of directors or upon any matter submitted to
stockholders at any meeting thereof or give or withhold consent to any corporate action
(whether upon any matter submitted to stockholders at any meeting thereof, or give or
withhold consent to any merger, recapitalization, issuance of stock, reclassification of
stock, change of par value or change of stock to no par value, consolidation, conveyance
or otherwise) or to receive notice of meetings or other actions affecting stockholders
(except as provided in the Warrant Agreement) or to receive dividends or subscription
rights or otherwise until the Warrants evidenced by this Warrant Certificate shall have
been exercised and the Common Stock purchasable upon the exercise thereof shall have
become deliverable as provided in the Warrant Agreement.

If this Warrant Certificate shall be surrendered for exercise within any period during
which the transfer books for the Company's Common Stock or other class of stock
purchasable upon the exercise of the Warrants evidenced by this Warrant Certificate are
closed for any purpose, the Company shall not be required to make delivery of certificates
for shares purchasable upon such transfer until the date of the reopening of said transfer
books.

Every holder of this Warrant Certificate by accepting the same consents and agrees with
the Company, the Warrant Agent, and with every other holder of a Warrant Certificate that:

(a) this Warrant Certificate is transferable on the registry books of the Warrant Agent
only upon the terms and conditions set forth in the Warrant Agreement, and

(b) the Company and the Warrant Agent may deem and treat the person in whose name this
Warrant Certificate is registered as the absolute owner hereof (notwithstanding any
notation of ownership or other writing thereon made by anyone other than the Company or
the Warrant Agent) for all purposes whatever and neither the Company nor the Warrant Agent
shall be affected by any notice to the contrary. The Company shall not be required to
issue or deliver any certificate for shares of Common Stock or other securities upon the
exercise of Warrants evidenced by this Warrant Certificate until any tax which may be
payable in respect thereof by the holder of this Warrant Certificate pursuant to the
Warrant Agreement shall have been paid, such tax being payable by the holder of this
Warrant Certificate at the time of surrender.

This Warrant Certificate shall not be valid or obligatory for any purpose until it shall
have been countersigned by the Warrant Agent.

WITNESS the facsimile signatures of the proper officers of the Company and its corporate
seal.

Dated:  _____________

UQM Technologies, Inc.

By:

----------------------------------

Chief Executive Officer

Attest:

---------------------------------

Secretary

Countersigned

-------------------------------------

By:

   -------------------------

   Authorized Officer

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