Document:

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                             ACTIVANT SOLUTIONS INC.

                                  $120,000,000

                       Floating Rate Senior Notes due 2010

                   EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                                                                  March 30, 2005

J. P. MORGAN SECURITIES INC.
DEUTSCHE BANK SECURITIES INC.
c/o J.P. Morgan Securities Inc.
270 Park Avenue, 5th Floor
New York, New York  10017

Ladies and Gentlemen:

     Activant Solutions Inc., a Delaware corporation (the "Company"), proposes
to issue and sell to J.P. Morgan Securities Inc. (the "Representative") and
Deutsche Bank Securities Inc. (each an "Initial Purchaser", and together the
"Initial Purchasers"), upon the terms and subject to the conditions set forth in
a purchase agreement dated March 10, 2005 (the "Purchase Agreement") among the
Company, the Company's direct and indirect subsidiaries (the "Subsidiary
Guarantors") identified on the signature pages hereto (together with the
Company, the "Issuers") and the Initial Purchasers, $120,000,000 aggregate
principal amount of its Floating Rate Senior Notes due 2010 (the "Notes"). The
Notes will be guaranteed on an unsecured senior basis (the "Guarantees" and,
together with the Notes, the "Securities") by the Guarantors. Capitalized terms
used but not defined herein shall have the meanings given to such terms in the
Purchase Agreement.

     As an inducement to the Initial Purchasers to enter into the Purchase
Agreement and in satisfaction of a condition to the obligations of the Initial
Purchasers thereunder, the Issuers agree with the Initial Purchasers, for the
benefit of the holders (including the Initial Purchasers) of the Securities, the
Exchange Securities (as defined herein) and the Private Exchange Securities (as
defined herein) (collectively, the "Holders"), as follows:

     1. Registered Exchange Offer. The Issuers shall (i) use their reasonable
best efforts to prepare and, not later than 180 days following the date of
original issuance of the Securities (the "Issue Date"), file with the Commission
a registration statement (the "Exchange Offer Registration Statement") on an
appropriate form under the Securities Act with respect to a proposed offer to
the Holders of the Securities (the "Registered Exchange Offer") to issue and
deliver to such Holders, in exchange for the Securities, a like aggregate
principal amount of debt securities of the Company that are identical in all
material respects to the

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                                       -2-

Notes and are unconditionally guaranteed by the Guarantors (the "Exchange
Securities"), except that the Exchange Securities will not contain terms with
respect to transfer restrictions, (ii) use their reasonable best efforts to
cause the Exchange Offer Registration Statement to become effective under the
Securities Act no later than 270 days after the Issue Date and the Registered
Exchange Offer to be consummated no later than 300 days after the Issue Date and
(iii) keep the Exchange Offer Registration Statement effective for not less than
20 business days (or longer, if required by applicable law) after the date on
which notice of the Registered Exchange Offer is mailed to the Holders (such
period being called the "Exchange Offer Registration Period"). The Exchange
Securities will be issued under the Indenture or an indenture (the "Exchange
Securities Indenture") between the Company, the Guarantors party thereto and the
Trustee or such other bank or trust company that is reasonably satisfactory to
the Initial Purchasers, as trustee (the "Exchange Securities Trustee"), such
indenture to be identical in all material respects to the Indenture, except with
respect to the transfer restrictions relating to the Securities (as described
above).

     Upon the effectiveness of the Exchange Offer Registration Statement, the
Issuers shall as soon as practicable commence the Registered Exchange Offer, it
being the objective of such Registered Exchange Offer to enable each Holder
electing to exchange Securities for Exchange Securities (assuming that such
Holder (a) is not an affiliate (as defined in Rule 405 under the Securities Act)
of the Issuers or an Exchanging Dealer (as defined herein) not complying with
the requirements of the next sentence, (b) is not an Initial Purchaser holding
Securities that have, or that are reasonably likely to have, the status of an
unsold allotment in an initial distribution, (c) acquires the Exchange
Securities in the ordinary course of such Holder's business and (d) has no
arrangements or understandings with any person to participate in the
distribution of the Exchange Securities) and to trade such Exchange Securities
from and after their receipt without any limitations or restrictions under the
Securities Act and without material restrictions under the securities laws of
the several states of the United States. Each Issuer, each Initial Purchaser and
each Exchanging Dealer acknowledges that, pursuant to current interpretations by
the Commission's staff of Section 5 of the Securities Act, (i) each Holder that
is a broker-dealer electing to exchange Securities acquired for its own account
as a result of market-making activities or other trading activities for Exchange
Securities (an "Exchanging Dealer") is required to deliver a prospectus
containing substantially the information set forth in Annex A hereto on the
cover of such prospectus, in Annex B hereto in the "Exchange Offer Procedures"
and "Purpose of the Exchange Offer" sections of such prospectus, and in Annex C
hereto in the "Plan of Distribution" section of such prospectus in connection
with a sale of any such Exchange Securities received by such Exchanging Dealer
pursuant to the Registered Exchange Offer and (ii) if an Initial Purchaser
elects to sell Private Exchange Securities (as defined below) acquired in
exchange for Securities constituting any portion of an unsold allotment, it is
required to deliver a prospectus containing the information required by Items
507 and 508 of Regulation S-K under the Securities Act and the Exchange Act
("Regulation S-K"), as applicable, in connection with such sale.

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     Upon consummation of the Registered Exchange Offer in accordance with this
Section 1, the provisions of this Agreement shall continue to apply, mutatis
mutandis, solely with respect to Transfer Restricted Securities (as defined)
that are Private Exchange Securities, Exchange Securities as to which clause (v)
of the first paragraph of Section 2 is applicable and Exchange Securities held
by Exchanging Dealers, and the Issuers shall have no further obligations to
register Transfer Restricted Securities (other than Private Exchange Securities
and other than in respect of any Exchange Securities as to which clause (v) of
the first paragraph of Section 2 hereof applies) pursuant to Section 2 hereof.

     If, prior to the consummation of the Registered Exchange Offer, any Holder
holds any Securities acquired by it that have, or that are reasonably likely to
be determined to have, the status of an unsold allotment in an initial
distribution, or any Holder is not entitled to participate in the Registered
Exchange Offer, the Issuers shall, upon the request of any such Holder,
simultaneously with the delivery of the Exchange Securities in the Registered
Exchange Offer, issue and deliver to any such Holder, in exchange for the
Securities held by such Holder (the "Private Exchange"), a like aggregate
principal amount of debt securities of the Company and the Guarantors that are
identical in all material respects to the Exchange Securities (the "Private
Exchange Securities"), except with respect to the transfer restrictions relating
to such Private Exchange Securities. The Private Exchange Securities will be
issued under the same indenture as the Exchange Securities, and the Company
shall use its reasonable best efforts to cause the Private Exchange Securities
to bear the same CUSIP number as the Exchange Securities.

     In connection with the Registered Exchange Offer, the Issuers shall:

          (a) mail to each Holder a copy of the prospectus forming part of the
     Exchange Offer Registration Statement, together with an appropriate letter
     of transmittal and related documents;

          (b) keep the Registered Exchange Offer open for not less than 20
     business days (or longer, if required by applicable law) after the date on
     which notice of the Registered Exchange Offer is mailed to the Holders;

          (c) utilize the services of a depositary for the Registered Exchange
     Offer with an address in the Borough of Manhattan, The City of New York;

          (d) permit Holders to withdraw tendered Securities at any time prior
     to the close of business, New York City time, on the last business day on
     which the Registered Exchange Offer shall remain open; and

          (e) otherwise comply in all respects with all laws that are applicable
     to the Registered Exchange Offer.

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                                      -4-

     As soon as practicable after the close of the Registered Exchange Offer and
any Private Exchange, as the case may be, the Issuers shall:

          (a) accept for exchange all Securities tendered and not validly
     withdrawn pursuant to the Registered Exchange Offer and the Private
     Exchange Offer;

          (b) deliver to the Trustee for cancellation all Securities so accepted
     for exchange; and

          (c) cause the Trustee or the Exchange Securities Trustee, as the case
     may be, promptly to authenticate and deliver to each Holder, Exchange
     Securities or Private Exchange Securities, as the case may be, equal in
     principal amount to the Securities of such Holder so accepted for exchange.

     The Issuers shall use their reasonable best efforts to keep the Exchange
Offer Registration Statement effective and to amend and supplement the
prospectus contained therein in order to permit such prospectus to be used by
all persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided that the Issuers shall make
such prospectus and any amendment or supplement thereto available to any
broker-dealer for use in connection with any resale of any Exchange Securities
for a period of 90 days after the consummation of the Registered Exchange Offer.

     The Indenture or the Exchange Securities Indenture, as the case may be,
shall provide that the Securities, the Exchange Securities and the Private
Exchange Securities shall vote and consent together on all matters as one class
and that none of the Securities, the Exchange Securities or the Private Exchange
Securities will have the right to vote or consent as a separate class on any
matter.

     Interest on each Exchange Security and Private Exchange Security issued
pursuant to the Registered Exchange Offer and in the Private Exchange will
accrue from the last interest payment date on which interest was paid on the
Securities surrendered in exchange therefor or, if no interest has been paid on
the Securities, from the Issue Date.

     Each Holder participating in the Registered Exchange Offer shall be
required to represent to the Issuers that at the time of the consummation of the
Registered Exchange Offer (i) any Exchange Securities received by such Holder
will be acquired in the ordinary course of business, (ii) such Holder will have
no arrangements or understanding with any person to participate in the
distribution of the Securities or the Exchange Securities within the meaning of
the Securities Act and (iii) such Holder is not an affiliate (as defined in Rule
405 under the Securities Act) of any of the Issuers or, if it is such an
affiliate, such Holder will comply with the registration and prospectus delivery
requirements of the Securities Act to the extent applicable.

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                                      -5-

     Notwithstanding any other provisions hereof, each of the Issuers will
ensure that (i) any Exchange Offer Registration Statement and any amendment
thereto and any prospectus forming part thereof and any supplement thereto
complies in all material respects with the Securities Act and the rules and
regulations of the Commission thereunder, (ii) any Exchange Offer Registration
Statement and any amendment thereto does not, when it becomes effective, contain
an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein not misleading,
and (iii) any prospectus forming part of any Exchange Offer Registration
Statement, and any supplement to such prospectus, does not, as of the
consummation of the Registered Exchange Offer, include an untrue statement of a
material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading.

     2. Shelf Registration. If (i) because of any change in law or applicable
interpretations thereof by the Commission's staff the Issuers are not permitted
to effect the Registered Exchange Offer as contemplated by Section 1 hereof, or
(ii) any Securities validly tendered pursuant to the Registered Exchange Offer
are not exchanged for Exchange Securities within 300 days after the Issue Date,
or (iii) any Initial Purchaser so requests in writing within 180 days after the
Registered Exchange Offer with respect to Private Exchange Securities, or (iv)
any applicable law or interpretations do not permit any Holder to participate in
the Registered Exchange Offer, or (v) any Holder that participates in the
Registered Exchange Offer does not receive freely transferable Exchange
Securities in exchange for tendered Securities, or (vi) the Issuers so elect,
then the following provisions shall apply:

          (a) The Issuers shall use their reasonable best efforts to file as
     promptly as practicable (but in no event more than 180 days after so
     required or requested, in each case pursuant to this Section 2) with the
     Commission, and thereafter shall use their reasonable best efforts to cause
     to be declared effective, a shelf registration statement on an appropriate
     form under the Securities Act relating to the offer and sale of the
     Transfer Restricted Securities by the Holders thereof from time to time in
     accordance with the methods of distribution set forth in such registration
     statement (hereafter, a "Shelf Registration Statement" and, together with
     any Exchange Offer Registration Statement, a "Registration Statement");
     provided, however, that no Holder of Securities or Exchange Securities
     (other than the Initial Purchasers) shall be entitled to have Securities or
     Exchange Securities held by it covered by such Shelf Registration
     Statement, unless such Holder agrees in writing to be bound by all of the
     provisions of this Agreement applicable to such Holder.

          (b) The Issuers shall use their reasonable best efforts to keep the
     Shelf Registration Statement continuously effective in order to permit the
     prospectus forming part thereof to be used by Holders of Transfer
     Restricted Securities for a period ending on the earlier of two years from
     the Issue Date or the date on which all the

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                                      -6-

     Transfer Restricted Securities covered by the Shelf Registration
     Statement have been sold pursuant thereto (in any such case, such period
     being called the "Shelf Registration Period"). The Issuers shall be deemed
     not to have used their reasonable best efforts to keep the Shelf
     Registration Statement effective during the requisite period if they
     voluntarily take any action that would result in Holders of Transfer
     Restricted Securities covered thereby not being able to offer and sell such
     Transfer Restricted Securities during that period, unless such action is
     required by applicable law; provided, however, that the foregoing shall not
     apply to actions taken by the Issuers in good faith and for valid business
     reasons (not including avoidance of their obligations hereunder),
     including, without limitation, the acquisition or divestiture of assets, so
     long as the Issuers within 120 days thereafter comply with the requirements
     of Section 4(j) hereof. Any such period during which the Issuers fail to
     keep the Shelf Registration Statement effective and usable for offers and
     sales of Securities and Exchange Securities is referred to as a "Suspension
     Period." A Suspension Period shall commence on and include the date that
     the Issuers give notice that the Shelf Registration Statement is no longer
     effective or the prospectus included therein is no longer usable for offers
     and sales of Securities and Exchange Securities and shall end on the date
     when each Holder of Securities and Exchange Securities covered by such
     registration statement either receives the copies of the supplemented or
     amended prospectus contemplated by Section 4(j) hereof or is advised in
     writing by the Issuers that use of the prospectus may be resumed. If one or
     more Suspension Periods occur, the two-year period referenced above shall
     be extended by the aggregate of the number of days included in each
     Suspension Period.

          (c) Notwithstanding any other provisions hereof, the Issuers will
     ensure that (i) any Shelf Registration Statement and any amendment thereto
     and any prospectus forming part thereof and any supplement thereto complies
     in all material respects with the Securities Act and the rules and
     regulations of the Commission thereunder, (ii) any Shelf Registration
     Statement and any amendment thereto (in either case, other than with
     respect to information included therein in reliance upon or in conformity
     with written information furnished to the Issuers by or on behalf of any
     Holder specifically for use therein (the "Holders' Information")) does not
     contain an untrue statement of a material fact or omit to state a material
     fact required to be stated therein or necessary to make the statements
     therein not misleading and (iii) any prospectus forming part of any Shelf
     Registration Statement, and any supplement to such prospectus (in either
     case, other than with respect to Holders' Information), does not include an
     untrue statement of a material fact or omit to state a material fact
     necessary in order to make the statements therein, in the light of the
     circumstances under which they were made, not misleading.

     3. Liquidated Damages. (a) The parties hereto agree that the Holders of
Transfer Restricted Securities will suffer damages if the Issuers fail to
fulfill their obligations

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                                      -7-

under Section 1 or Section 2, as applicable, and that it would not be feasible
to ascertain the extent of such damages. Accordingly, if (i) the applicable
Registration Statement is not filed with the Commission on or prior to 180 days
after the Issue Date, (ii) the Exchange Offer Registration Statement or the
Shelf Registration Statement, as the case may be, is not declared effective
within 270 days after the Issue Date (or in the case of a Shelf Registration
Statement required to be filed in response to a change in law or the applicable
interpretations of the Commission's staff, if later, within 45 days after
publication of the change in law or interpretation), (iii) the Registered
Exchange Offer is not consummated on or prior to 300 days after the Issue Date
or (iv) the Shelf Registration Statement is filed and declared effective within
270 days after the Issue Date (or in the case of a Shelf Registration Statement
required to be filed in response to a change in law or the applicable
interpretations of the Commission's staff, if later, within 45 days after
publication of the change in law or interpretation) but shall thereafter cease
to be effective (at any time that the Issuers are obligated to maintain the
effectiveness thereof) without being succeeded within 60 days by an additional
Registration Statement filed and declared effective (each such event referred to
in clauses (i) through (iv), a "Registration Default"), the Company and the
Guarantors will, jointly and severally, be obligated to pay liquidated damages
to each Holder of Transfer Restricted Securities, during the period of one or
more such Registration Defaults, in an amount equal to $0.10 per week per $1,000
principal amount of Transfer Restricted Securities held by such Holder until (a)
the applicable Registration Statement is filed, (b) the Exchange Offer
Registration Statement is declared effective, (c) the Registered Exchange Offer
is consummated, (d) the Shelf Registration Statement is declared effective, (e)
the Shelf Registration Statement again becomes effective or (f) the Shelf
Registration Period shall have ended, as the case may be. Following the cure of
all Registration Defaults, the accrual of liquidated damages will cease. As used
herein, the term "Transfer Restricted Securities" means (i) each Security until
the date on which such Security has been exchanged for a freely transferable
Exchange Security in the Registered Exchange Offer, (ii) each Security or
Private Exchange Security until the date on which it has been effectively
registered under the Securities Act and disposed of in accordance with the Shelf
Registration Statement or (iii) each Security or Private Exchange Security until
the date on which it is distributed to the public pursuant to Rule 144 under the
Securities Act or is saleable pursuant to Rule 144(k) under the Securities Act.
Notwithstanding anything to the contrary in this Section 3(a), the Company and
the Guarantors shall not be required to pay liquidated damages to a Holder of
Transfer Restricted Securities if such Holder failed to comply with its
obligations to make the representations set forth in the second to last
paragraph of Section 1 or failed to provide the information required to be
provided by it, if any, pursuant to Section 4(n).

     (b) The Issuers shall notify the Trustee and the Paying Agent under the
Indenture immediately upon the happening of each and every Registration Default.
The Company and the Guarantors shall, jointly and severally, pay the liquidated
damages due on the Transfer Restricted Securities by depositing with the Paying
Agent (which may not be any of the Issuers for these purposes), in trust, for
the benefit of the Holders thereof, prior to

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10:00 a.m., New York City time, on the next interest payment date specified by
the Indenture and the Securities, sums sufficient to pay the liquidated damages
then due. The liquidated damages due shall be payable on each interest payment
date specified by the Indenture and the Securities to the Holder of record
entitled to receive the interest payment to be made on such date. Each
obligation to pay liquidated damages shall be deemed to accrue from and
including the date of the applicable Registration Default.

     (c) The parties hereto agree that the liquidated damages provided for in
this Section 3 constitute a reasonable estimate of and are intended to
constitute the sole damages that will be suffered by Holders of Transfer
Restricted Securities by reason of the failure of (i) the Shelf Registration
Statement or the Exchange Offer Registration Statement to be filed, (ii) the
Shelf Registration Statement to remain effective or (iii) the Exchange Offer
Registration Statement to be declared effective and the Registered Exchange
Offer to be consummated, in each case to the extent required by this Agreement.

     4. Registration Procedures. In connection with any Registration Statement,
the following provisions shall apply:

          (a) The Issuers shall (i) furnish to each Initial Purchaser, prior to
     the filing thereof with the Commission, a copy of the Registration
     Statement and each amendment thereof and each supplement, if any, to the
     prospectus included therein and shall use its reasonable best efforts to
     reflect in each such document, when so filed with the Commission, such
     comments as the Initial Purchasers may reasonably propose; (ii) if
     applicable, include the information set forth in Annex A hereto on the
     cover, in Annex B hereto in the "Exchange Offer Procedures" and "Purpose of
     the Exchange Offer" sections and in Annex C hereto in the "Plan of
     Distribution" section of the prospectus forming a part of the Exchange
     Offer Registration Statement, and include the information set forth in
     Annex D hereto in the Letter of Transmittal delivered pursuant to the
     Registered Exchange Offer; and (iii) if requested by an Initial Purchaser,
     include the information required by Items 507 or 508 of Regulation S-K, as
     applicable, in the prospectus forming a part of the Exchange Offer
     Registration Statement.

          (b) The Issuers shall advise each Initial Purchaser, each Exchanging
     Dealer and the Holders (if applicable) and, if requested by any such
     person, confirm such advice in writing (which advice pursuant to clauses
     (ii)-(v) hereof shall be accompanied by an instruction to suspend the use
     of the prospectus until the requisite changes have been made):

               (i) when any Registration Statement and any amendment thereto has
          been filed with the Commission and when such Registration Statement or
          any post-effective amendment thereto has become effective;

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                                      -9-

               (ii) of any request by the Commission for amendments or
          supplements to any Registration Statement or the prospectus included
          therein or for additional information;

               (iii) of the issuance by the Commission of any stop order
          suspending the effectiveness of any Registration Statement or the
          initiation of any proceedings for that purpose;

               (iv) of the receipt by the Issuers of any notification with
          respect to the suspension of the qualification of the Securities, the
          Exchange Securities or the Private Exchange Securities for sale in any
          jurisdiction or the initiation or threatening of any proceeding for
          such purpose; and

               (v) of the happening of any event that requires the making of any
          changes in any Registration Statement or the prospectus included
          therein in order that the statements therein are not misleading and do
          not omit to state a material fact required to be stated therein or
          necessary to make the statements therein not misleading.

          (c) The Issuers will make every reasonable effort to obtain the
     withdrawal at the earliest possible time of any order suspending the
     effectiveness of any Registration Statement.

          (d) The Issuers will furnish to each Holder of Transfer Restricted
     Securities included within the coverage of any Shelf Registration
     Statement, without charge, at least one conformed copy of such Shelf
     Registration Statement and any post-effective amendment thereto, including
     financial statements and schedules and, if any such Holder so requests in
     writing, all exhibits thereto (including those, if any, incorporated by
     reference).

          (e) The Issuers will, during the Shelf Registration Period, promptly
     deliver to each Holder of Transfer Restricted Securities included within
     the coverage of any Shelf Registration Statement, without charge, as many
     copies of the prospectus (including each preliminary prospectus) included
     in such Shelf Registration Statement and any amendment or supplement
     thereto as such Holder may reasonably request; and the Issuers consent to
     the use of such prospectus or any amendment or supplement thereto by each
     of the selling Holders of Transfer Restricted Securities in connection with
     the offer and sale of the Transfer Restricted Securities covered by such
     prospectus or any amendment or supplement thereto.

          (f) The Issuers will furnish to each Initial Purchaser and each
     Exchanging Dealer, and to any other Holder who so requests, without charge,
     at least one conformed copy of the Exchange Offer Registration Statement
     and any post-effective

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                                      -10-

     amendment thereto, including financial statements and schedules and, if an
     Initial Purchaser or any Exchanging Dealer or any such Holder so requests
     in writing, all exhibits thereto (including those, if any, incorporated by
     reference).

          (g) The Issuers will, during the Exchange Offer Registration Period or
     the Shelf Registration Period, as applicable, promptly deliver to each
     Initial Purchaser, each Exchanging Dealer and such other persons that are
     required to deliver a prospectus following the Registered Exchange Offer,
     without charge, as many copies of the final prospectus included in the
     Exchange Offer Registration Statement or the Shelf Registration Statement
     and any amendment or supplement thereto as the Initial Purchasers,
     Exchanging Dealer or other persons may reasonably request; and the Issuers
     consent to the use of such prospectus or any amendment or supplement
     thereto by the Initial Purchasers, any Exchanging Dealer or other persons,
     as applicable, as aforesaid.

          (h) Prior to the effective date of any Registration Statement, the
     Issuers will use their reasonable best efforts to register or qualify, or
     cooperate with the Holders of Securities, Exchange Securities or Private
     Exchange Securities included therein and their respective counsel in
     connection with the registration or qualification of, such Securities,
     Exchange Securities or Private Exchange Securities for offer and sale under
     the securities or blue sky laws of such jurisdictions as any such Holder
     reasonably requests in writing and do any and all other acts or things
     necessary or advisable to enable the offer and sale in such jurisdictions
     of the Securities, Exchange Securities or Private Exchange Securities
     covered by such Registration Statement; provided that the Issuers will not
     be required to qualify generally to do business in any --------
     jurisdiction where they are not then so qualified or to take any action
     which would subject them to general service of process or to taxation in
     any such jurisdiction where they are not then so subject.

          (i) The Issuers will cooperate with the Holders of Securities,
     Exchange Securities or Private Exchange Securities to facilitate the timely
     preparation and delivery of certificates representing Securities, Exchange
     Securities or Private Exchange Securities to be sold pursuant to any
     Registration Statement free of any restrictive legends and in such
     denominations and registered in such names as the Holders thereof may
     request in writing prior to sales of Securities, Exchange Securities or
     Private Exchange Securities pursuant to such Registration Statement.

          (j) If (i) any event contemplated by Section 4(b)(ii) through (v)
     occurs during the period for which the Issuers are required to maintain an
     effective Registration Statement, or (ii) any Suspension Period remains in
     effect more than 120 days after the occurrence thereof, the Issuers will
     promptly prepare and file with the Commission a post-effective amendment to
     the Registration Statement or a supplement to the related prospectus or
     file any other required document so that, as thereafter delivered to
     purchasers of the Securities, Exchange Securities or Private Exchange
     Securities from a

<PAGE>

                                      -11-

     Holder, the prospectus will not include an untrue statement of a material
     fact or omit to state a material fact necessary in order to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading.

          (k) Not later than the effective date of the applicable Registration
     Statement, the Issuers will provide a CUSIP number for the Securities, the
     Exchange Securities and the Private Exchange Securities, as the case may
     be, and provide the applicable trustee with printed certificates for the
     Securities, the Exchange Securities or the Private Exchange Securities, as
     the case may be, in a form eligible for deposit with The Depository Trust
     Company.

          (l) Each of the Issuers will comply with all applicable rules and
     regulations of the Commission and will make generally available to its
     security holders as soon as practicable after the effective date of the
     applicable Registration Statement an earnings statement satisfying the
     provisions of Section 11(a) of the Securities Act; provided that in no
     event shall such earnings statement be delivered later than 45 days after
     the end of a 12-month period (or 90 days, if such period is a fiscal year)
     beginning with the first month of such Issuer's first fiscal quarter
     commencing after the effective date of the applicable Registration
     Statement, which statement shall cover such 12-month period.

          (m) The Issuers will cause the Indenture or the Exchange Securities
     Indenture, as the case may be, to be qualified under the Trust Indenture
     Act as required by applicable law in a timely manner.

          (n) The Issuers may require each Holder of Transfer Restricted
     Securities to be registered pursuant to any Shelf Registration Statement to
     furnish to the Issuers such information concerning the Holder and the
     distribution of such Transfer Restricted Securities as the Issuers may from
     time to time reasonably require for inclusion in such Shelf Registration
     Statement, and the Issuers may exclude from such registration the Transfer
     Restricted Securities of any Holder that fails to furnish such information
     within a reasonable time after receiving such request.

          (o) In the case of a Shelf Registration Statement, each Holder of
     Transfer Restricted Securities to be registered pursuant thereto agrees by
     acquisition of such Transfer Restricted Securities that, upon receipt of
     any notice from the Issuers (i) of a Suspension Period under Section 2(b)
     hereof or (ii) pursuant to Section 4(b)(ii) through (v) hereof, such Holder
     will discontinue disposition of such Transfer Restricted Securities until
     such Holder's receipt of (x) notice that the Suspension Period has ended or
     (y) copies of the supplemental or amended prospectus contemplated by
     Section 4(j) hereof, as the case may be, or until advised in writing (the
     "Advice") by the Issuers that the use of the applicable prospectus may be
     resumed. If the Issuers shall give any notice under Section 4(b)(ii)
     through (v) during the period that the

<PAGE>
                                      -12-

     Issuers are required to maintain an effective Registration Statement (the
     "Effectiveness Period"), such Effectiveness Period shall be extended by the
     number of days during such period from and including the date of the giving
     of such notice to and including the date when each seller of Transfer
     Restricted Securities covered by such Registration Statement shall have
     received (x) the copies of the supplemental or amended prospectus
     contemplated by Section 4(j) (if an amended or supplemental prospectus is
     required) or (y) the Advice (if no amended or supplemental prospectus is
     required).

          (p) In the case of a Shelf Registration Statement, the Issuers shall
     enter into such customary agreements (including, if requested, an
     underwriting agreement in customary form) and take all such other action,
     if any, as Holders of a majority in aggregate principal amount of the
     Securities, Exchange Securities and Private Exchange Securities being sold
     or the managing underwriters (if any) shall reasonably request in order to
     facilitate any disposition of Securities, Exchange Securities or Private
     Exchange Securities pursuant to such Shelf Registration Statement.

          (q) In the case of a Shelf Registration Statement, the Issuers shall
     (i) make reasonably available for inspection by a representative of, and
     Special Counsel (as defined below) acting for, Holders of a majority in
     aggregate principal amount of the Securities, Exchange Securities and
     Private Exchange Securities being sold and any underwriter participating in
     any disposition of Securities, Exchange Securities or Private Exchange
     Securities pursuant to such Shelf Registration Statement, all relevant
     financial and other records, pertinent corporate documents and properties
     of the Issuers and their respective subsidiaries and (ii) use their
     reasonable best efforts to have their officers, directors, employees,
     accountants and counsel supply all relevant information reasonably
     requested by such representative, Special Counsel or any such underwriter
     (an "Inspector") in connection with such Shelf Registration Statement;
     provided that the Inspectors shall first agree in writing with the Company
     that any information that is reasonably designated by the Company as
     confidential at the time of delivery of such information shall be kept
     confidential by such persons and shall be used solely for the purposes of
     exercising rights under this Agreement, unless (i) disclosure of such
     information is required by court or administrative order or is necessary to
     respond to inquiries of regulatory authorities, (ii) disclosure of such
     information is required by law (including any disclosure requirements
     pursuant to federal securities laws in connection with the filing of any
     Registration Statement or the use of any prospectus referred to in this
     Agreement), (iii) such information becomes generally available to the
     public other than as a result of a disclosure or failure to safeguard by
     any such person, (iv) such information becomes available to any such person
     from a source other than the Issuers and such source is not bound by a
     confidentiality agreement or (v) such information relates to the U.S.
     federal income tax treatment or U.S. federal income tax structure of the
     Transactions or materials of any kind relating to such tax treatment or tax
     structure, including opinions or other tax analyses. Any

<PAGE>
                                      -13-

     person legally compelled to disclose any such confidential information made
     available for inspection shall provide the Company with prompt prior
     written notice of such requirement so that the Company may seek a
     protective order or other appropriate remedy.

          (r) In the case of a Shelf Registration Statement, the Issuers shall,
     if requested by Holders of a majority in aggregate principal amount of the
     Securities, Exchange Securities and Private Exchange Securities being sold,
     their Special Counsel or the managing underwriters (if any) in connection
     with such Shelf Registration Statement, use their reasonable best efforts
     to cause (i) their counsel to deliver an opinion relating to the Shelf
     Registration Statement and the Securities, Exchange Securities or Private
     Exchange Securities, as applicable, in customary form and (ii) their
     officers to execute and deliver all customary documents and certificates
     requested by Holders of a majority in aggregate principal amount of the
     Securities, Exchange Securities and Private Exchange Securities being sold,
     their Special Counsel or the managing underwriters (if any). In addition,
     in the case of a Shelf Registration Statement, the Issuers shall, if
     requested by Holders of a majority in aggregate principal amount of the
     Securities, Exchange Securities and Private Exchange Securities being sold,
     their Special Counsel, or the managing underwriters (if any) in connection
     with such Shelf Registration Statement, but only if the registration is an
     underwritten registration, use their reasonable best efforts to cause their
     independent public accountants to provide a comfort letter or letters in
     customary form, subject to receipt of appropriate documentation as
     contemplated, and only if permitted, by Statement of Auditing Standards No.
     72.

     5. Registration Expenses. The Issuers will, jointly and severally, bear all
expenses (other than any underwriters discounts or commissions in connection
with the distribution of the Securities, Exchange Securities or Private Exchange
Securities) incurred in connection with the performance of their obligations
under Sections 1, 2, 3 and 4 and the Issuers will, jointly and severally,
reimburse the Initial Purchasers and the Holders for the reasonable fees and
disbursements of one firm of attorneys (in addition to any local counsel) chosen
by the Holders of a majority in aggregate principal amount of the Securities,
the Exchange Securities and the Private Exchange Securities to be sold pursuant
to each Registration Statement (the "Special Counsel") acting for the Initial
Purchasers or Holders in connection therewith.

     6. Indemnification. (a) In the event of a Shelf Registration Statement or
in connection with any prospectus delivery pursuant to an Exchange Offer
Registration Statement by an Initial Purchaser or an Exchanging Dealer, as
applicable, the Issuers shall, jointly and severally, indemnify and hold
harmless each Holder (including, without limitation, each Initial Purchaser or
any Exchanging Dealer), its affiliates, each person who controls such Holder or
such affiliates within the meaning of the Securities Act or Exchange Act and
their respective officers, directors, employees, representatives and agents
(collectively referred to for purposes of this Section 6 and Section 7 as a
"Holder") from and against any loss, claim,

<PAGE>
                                      -14-

damage or liability, joint or several, or any action in respect thereof
(including, without limitation, any loss, claim, damage, liability or action
relating to purchases and sales of Securities, Exchange Securities or Private
Exchange Securities), to which that Holder may become subject, whether commenced
or threatened, under the Securities Act, the Exchange Act, any other federal or
state statutory law or regulation, at common law or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is based upon, (i)
any untrue statement or alleged untrue statement of a material fact contained in
any such Registration Statement or any prospectus forming part thereof or in any
amendment or supplement thereto or (ii) the 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, and shall, jointly and severally,
reimburse each Holder promptly upon demand for any legal or other expenses
reasonably incurred by that Holder in connection with investigating or defending
or preparing to defend against or appearing as a third party witness in
connection with any such loss, claim, damage, liability or action as such
expenses are incurred; provided, however, that the Issuers shall not be liable
in any such case to the extent that any such loss, claim, damage, liability or
action arises out of, or is based upon, an untrue statement or alleged untrue
statement in or omission or alleged omission from any of such documents in
reliance upon and in conformity with any Holders' Information; and provided
further, however, that with respect to any such untrue statement in or omission
from any related preliminary prospectus (as amended or supplemented) or, if
amended or supplemented, any related final prospectus (excluding the correcting
amendment or supplement), the indemnity agreement contained in this Section 6(a)
shall not inure to the benefit of any such Holder from whom the person asserting
any such loss, claim, damage, liability or action received Securities, Exchange
Securities or Private Exchange Securities to the extent that such loss, claim,
damage, liability or action of or with respect to such Holder results from the
fact that both (A) a copy of the final prospectus (together with any correcting
amendments or supplements) was not sent or given to such person at or prior to
the written confirmation of the sale of such Securities, Exchange Securities or
Private Exchange Securities to such person and (B) the untrue statement in or
omission from any related preliminary prospectus (as amended or supplemented)
or, if amended or supplemented, any related final prospectus (excluding the
correcting amendment or supplement) was corrected in the final prospectus or, if
applicable, an amendment or supplement thereto and the final prospectus (as
amended or supplemented) does not contain any other untrue statement or omission
or alleged untrue statement or omission of a material fact unless, in either
case, such failure to deliver the final prospectus was a result of
non-compliance by the Issuers with Sections 4(d), 4(f) or 4(g).

     (b) In the event of a Shelf Registration Statement, each Holder, severally
and not jointly, shall indemnify and hold harmless the Issuers, their respective
affiliates, each person who controls any such Issuer or any such affiliates
within the meaning of the Securities Act or Exchange Act and their respective
officers, directors, employees, representatives and agents (collectively
referred to for purposes of this Section 6(b) and 7 as the "Issuers"), from and
against any loss, claim, damage or liability, joint or several, or any action in
respect

<PAGE>
                                      -15-

thereof, to which the Issuers may become subject, whether commenced or
threatened, under the Securities Act, the Exchange Act, any other federal or
state statutory law or regulation, at common law or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is based upon, (i)
any untrue statement or alleged untrue statement of a material fact contained in
any such Registration Statement or any prospectus forming part thereof or in any
amendment or supplement thereto or (ii) the 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, but in each case only to the extent that
the untrue statement or alleged untrue statement or omission or alleged omission
was made in reliance upon and in conformity with any Holders' Information
furnished to the Issuers by such Holder, and shall reimburse the Issuers for any
legal or other expenses reasonably incurred by the Issuers in connection with
investigating or defending or preparing to defend against or appearing as a
third party witness in connection with any such loss, claim, damage, liability
or action as such expenses are incurred; provided, however, that no such Holder
shall be liable for any indemnity claims hereunder in excess of the amount of
net proceeds received by such Holder from the sale of Securities, Exchange
Securities or Private Exchange Securities pursuant to such Shelf Registration
Statement.

     (c) Promptly after receipt by an indemnified party under this Section 6 of
notice of any claim or the commencement of any action, the indemnified party
shall, if a claim in respect thereof is to be made against the indemnifying
party pursuant to Section 6(a) or 6(b), notify the indemnifying party in writing
of the claim or the commencement of that action; provided, however, that the
failure to notify the indemnifying party shall not relieve it from any liability
which it may have under this Section 6 except to the extent that it has been
materially prejudiced by such failure; and provided further, however, that the
failure to notify the indemnifying party shall not relieve it from any liability
which it may have to an indemnified party otherwise than under this Section 6.
If any such claim or action shall be brought against an indemnified party, and
it shall notify the indemnifying party thereof, the indemnifying party shall be
entitled to participate therein and, to the extent that it wishes, jointly with
any other similarly notified indemnifying party, to assume the defense thereof
with counsel reasonably satisfactory to the indemnified party. After notice from
the indemnifying party to the indemnified party of its election to assume the
defense of such claim or action, the indemnifying party shall not be liable to
the indemnified party under this Section 6 for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense
thereof other than the reasonable costs of investigation; provided, however,
that an indemnified party shall have the right to employ its own counsel in any
such action, but the fees, expenses and other charges of such counsel for the
indemnified party will be at the expense of such indemnified party unless (1)
the employment of counsel by the indemnified party has been authorized in
writing by the indemnifying party, (2) the indemnified party has reasonably
concluded (based upon advice of counsel to the indemnified party) that there may
be legal defenses available to it or other indemnified parties that are
different from or in addition to those available to the indemnifying party, (3)
a conflict or potential conflict exists (based
<PAGE>
                                      -16-

upon advice of counsel to the indemnified party) between the indemnified party
and the indemnifying party (in which case the indemnifying party will not have
the right to direct the defense of such action on behalf of the indemnified
party) or (4) the indemnifying party has not in fact employed counsel reasonably
satisfactory to the indemnified party to assume the defense of such action
within a reasonable time after receiving notice of the commencement of the
action, in each of which cases the reasonable fees, disbursements and other
charges of counsel will be at the expense of the indemnifying party or parties.
It is understood that the indemnifying party or parties shall not, in connection
with any proceeding or related proceedings in the same jurisdiction, be liable
for the reasonable fees, disbursements and other charges of more than one
separate firm of attorneys (in addition to any local counsel) at any one time
for all such indemnified party or parties. Any such separate firm (x) for an
Initial Purchaser, its affiliates, directors and officers and any person who
controls such Initial Purchaser shall be designated in writing by the
Representative, (y) for any Holder, its directors and officers and any person
who controls such Holder shall be designated in writing by the Holders of a
majority of the aggregate principal amount of the outstanding registrable
Securities and (z) in all other cases shall be designated in writing by the
Company. Each indemnified party, as a condition of the indemnity agreements
contained in Sections 6(a) and 6(b), shall use all reasonable efforts to
cooperate with the indemnifying party in the defense of any such action or
claim. No indemnifying party shall be liable for any settlement of any such
action effected without its written consent (which consent shall not be
unreasonably withheld), but if settled with its written consent or if there be a
final judgment for the plaintiff in any such action, the indemnifying party
agrees to indemnify and hold harmless any indemnified party from and against any
loss or liability by reason of such settlement or judgment. No indemnifying
party shall, without the prior written consent of the indemnified party (which
consent shall not be unreasonably withheld), effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or
could have been a party and indemnity could have been sought hereunder by such
indemnified party, unless such settlement (A) includes an unconditional release
of such indemnified party, in form and substance reasonably satisfactory to such
indemnified party, from all liability on claims that are the subject matter of
such proceeding and (B) 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 party.

     7. Contribution. If the indemnification provided for in Section 6 is
unavailable or insufficient to hold harmless an indemnified party under Section
6(a) or 6(b), then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified
party as a result of such loss, claim, damage or liability, or action in respect
thereof, (i) in such proportion as shall be appropriate to reflect the relative
benefits received by the Issuers from the offering and sale of the Securities,
on the one hand, and a Holder with respect to the sale by such Holder of
Securities, Exchange Securities or Private Exchange Securities, on the other, or
(ii) if the allocation provided by clause (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause (i) above but also the relative fault of
the Issuers

<PAGE>
                                      -17-

on the one hand and such Holder on the other with respect to the statements or
omissions that resulted in such loss, claim, damage or liability, or action in
respect thereof, as well as any other relevant equitable considerations. The
relative benefits received by the Issuers, on the one hand, and a Holder, on the
other, with respect to such offering and such sale shall be deemed to be in the
same proportion as the total net proceeds from the offering of the Securities
(before deducting expenses) received by or on behalf of the Issuers as set forth
in the table on the cover of the Offering Memorandum, on the one hand, bear to
the total proceeds received by such Holder with respect to its sale of
Securities, Exchange Securities or Private Exchange Securities, on the other.
The relative fault shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to the Issuers or
information supplied by the Issuers, on the one hand, or to any Holders'
Information supplied by such Holder, on the other, the intent of the parties and
their relative knowledge, access to information and opportunity to correct or
prevent such untrue statement or omission. The parties hereto agree that it
would not be just and equitable if contributions pursuant to this Section 7 were
to be determined by pro rata allocation or by any other method of allocation
that does not take into account the equitable considerations referred to herein.
The amount paid or payable by an indemnified party as a result of the loss,
claim, damage or liability, or action in respect thereof, referred to above in
this Section 7 shall be deemed to include, for purposes of this Section 7, any
legal or other expenses reasonably incurred by such indemnified party in
connection with investigating or defending or preparing to defend any such
action or claim. Notwithstanding the provisions of this Section 7, an
indemnifying party that is a Holder of Securities, Exchange Securities or
Private Exchange Securities shall not be required to contribute any amount in
excess of the amount by which the total price at which the Securities, Exchange
Securities or Private Exchange Securities sold by such indemnifying party to any
purchaser exceeds the amount of any damages which such indemnifying party has
otherwise paid or become liable to pay by reason of any 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.

     8. Rules 144 and 144A. Each of the Issuers shall use its commercially
reasonable best efforts to file the reports required to be filed by it under the
Securities Act and the Exchange Act in a timely manner and, if at any time such
Issuer is not required to file such reports, it will, upon the written request
of any Holder of Transfer Restricted Securities, make publicly available other
information for so long as necessary to permit sales of such Holder's securities
pursuant to Rules 144 and 144A. Each of the Issuers covenants that it will take
such further action as any Holder of Transfer Restricted Securities may
reasonably request, all to the extent required from time to time to enable such
Holder to sell Transfer Restricted Securities without registration under the
Securities Act within the limitation of the exemptions provided by Rules 144 and
144A (including, without limitation, the requirements of Rule 144A(d)(4)). Upon
the written request of any Holder of Transfer Restricted

<PAGE>
                                      -18-

Securities, each of the Issuers shall deliver to such Holder a written statement
as to whether it has complied with such requirements. Notwithstanding the
foregoing, nothing in this Section 8 shall be deemed to require any of the
Issuers to register any of its securities pursuant to the Exchange Act.

     9. Underwritten Registrations. If any of the Transfer Restricted Securities
covered by any Shelf Registration Statement are to be sold in an underwritten
offering, the investment banker or investment bankers and manager or managers
that will administer the offering will be selected by the Holders of a majority
in aggregate principal amount of such Transfer Restricted Securities included in
such offering, subject to the consent of the Issuers (which shall not be
unreasonably withheld or delayed), and such Holders shall be responsible for all
underwriting commissions and discounts in connection therewith.

     No person may participate in any underwritten registration hereunder unless
such person (i) agrees to sell such person's Transfer Restricted Securities on
the basis reasonably provided in any underwriting arrangements approved by the
persons entitled hereunder to approve such arrangements and (ii) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such
underwriting arrangements.

     10. Miscellaneous. (a) Amendments and Waivers. The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, unless the Issuers
have obtained the written consent of Holders of a majority in aggregate
principal amount of the Securities, the Exchange Securities and the Private
Exchange Securities, taken as a single class. Notwithstanding the foregoing, a
waiver or consent to depart from the provisions hereof with respect to a matter
that relates exclusively to the rights of Holders whose Securities, Exchange
Securities or Private Exchange Securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by Holders of a majority in aggregate
principal amount of the Securities, the Exchange Securities and the Private
Exchange Securities being sold by such Holders pursuant to such Registration
Statement.

     (b) Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand-delivery, first-class mail,
telecopier or air courier guaranteeing next-day delivery:

          (i) if to a Holder, at the most current address given by such Holder
     to the Issuers in accordance with the provisions of this Section 10(b),
     which address initially is, with respect to each Holder, the address of
     such Holder maintained by the Registrar under the Indenture, with a copy in
     like manner to J.P. Morgan Securities Inc.

<PAGE>
                                      -19-

          (ii) if to the Initial Purchasers, to them c/o the Representative at
     its address set forth in the Purchase Agreement; and

          (iii) if to the Issuers, initially at the address of the Company set
     forth in the Purchase Agreement.

     All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; one business day after
being delivered to a next-day air courier; five business days after being
deposited in the mail; and when receipt is acknowledged by the recipient's
telecopier machine, if sent by telecopier.

     (c) Successors and Assigns. This Agreement shall be binding upon the
Issuers and their successors and assigns.

     (d) Counterparts. This Agreement may be executed in any number of
counterparts (which may be delivered in original form or by telecopier) 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.

     (e) Definition of Terms. For purposes of this Agreement, (a) the term
"business day" means any day on which the New York Stock Exchange, Inc. is open
for trading, (b) the term "subsidiary" has the meaning set forth in Rule 405
under the Securities Act and (c) except where otherwise expressly provided, the
term "affiliate" has the meaning set forth in Rule 405 under the Securities Act.

     (f) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

     (g) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without regard to conflicts of
law provisions thereof to the extent the application of the laws of another
jurisdiction would be required thereby.

     (h) Remedies. In the event of a breach by the Issuers or by any Holder of
any of their obligations under this Agreement, each Holder or the Issuers, as
the case may be, in addition to being entitled to exercise all rights granted by
law, including recovery of damages (other than the recovery of damages for a
breach by the Issuers of their obligations under Sections 1 or 2 hereof for
which liquidated damages have been paid pursuant to Section 3 hereof), will be
entitled to specific performance of its rights under this Agreement. The Issuers
and each Holder agree that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of any of the provisions of
this Agreement and hereby further agree that, in the event of any action for
specific performance in respect of such breach, it shall waive the defense that
a remedy at law would be adequate.

<PAGE>
                                      -20-

     (i) No Inconsistent Agreements. The Issuers represent, warrant and agree
that (i) they have not entered into, and shall not, on or after the date of this
Agreement, enter into, any agreement that is inconsistent with the rights
granted to the Holders in this Agreement or otherwise conflicts with the
provisions hereof, (ii) they have not previously entered into any agreement
which remains in effect granting any registration rights with respect to any of
their debt securities to any person and (iii) without limiting the generality of
the foregoing, without the written consent of the Holders of a majority in
aggregate principal amount of the then outstanding Transfer Restricted
Securities, they shall not grant to any person the right to request any of the
Issuers to register any debt securities of such Issuer under the Securities Act
unless the rights so granted are not in conflict or inconsistent with the
provisions of this Agreement.

     (j) No Piggyback on Registrations. Neither the Issuers nor any of their
respective security holders (other than the Holders of Transfer Restricted
Securities in such capacity) shall have the right to include any securities of
the Issuers in any Shelf Registration or Registered Exchange Offer other than
Transfer Restricted Securities.

     (k) Severability. The remedies provided herein are cumulative and not
exclusive of any remedies provided by law. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their reasonable best efforts to find and employ an alternative
means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and
declared to be the intention of the parties that they would have executed the
remaining terms, provisions, covenants and restrictions without including any of
such that may be hereafter declared invalid, illegal, void or unenforceable.

                  [Remainder of page intentionally left blank]

<PAGE>

                                      -21-

     Please confirm that the foregoing correctly sets forth the agreement
between the Issuers and the Initial Purchasers.

                                           Very truly yours,

                                           ACTIVANT SOLUTIONS INC.

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

                                           TRIAD SYSTEMS FINANCIAL CORPORATION
                                           TRIAD DATA CORPORATION
                                           CCI/TRIAD GEM, INC.
                                           TRIAD SYSTEMS CORPORATION
                                           CCI/ARD, INC.

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

<PAGE>

                                      -22-

                                      [Exchange & Registration Rights Agreement]

Accepted by:

J.P. MORGAN SECURITIES INC.

     for itself and on behalf of the several
     Initial Purchasers listed on Schedule I hereto

     By:
        -------------------------------
            Authorized Signatory

<PAGE>

                                                                      SCHEDULE I
<TABLE>
<CAPTION>
                                               Aggregate Principal Interest
Initial Purchaser                             of Securities to be Purchased
-----------------                             -----------------------------
<S>                                        <C>
 J.P. Morgan Securities Inc.                          $ 60,000,000
 Deutsche Bank Securities Inc.                        $ 60,000,000
                                                      ------------
 Total                                                $120,000,000
                                                      ------------
</TABLE>

<PAGE>

                                                                         ANNEX A

     Each broker-dealer that receives Exchange Securities for its own account
pursuant to the Registered Exchange Offer must acknowledge that it will deliver
a prospectus in connection with any resale of such Exchange Securities. The
Letter of Transmittal states that by so acknowledging and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act. This Prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer
in connection with resales of Exchange Securities received in exchange for
Securities where such Securities were acquired by such broker-dealer as a result
of market-making activities or other trading activities. The Issuers have agreed
that, for a period of 90 days after the Expiration Date (as defined herein),
they will make this Prospectus available to any broker-dealer for use in
connection with any such resale. See "Plan of Distribution."

<PAGE>

                                                                         ANNEX B

     Each broker-dealer that receives Exchange Securities for its own account in
exchange for Securities, where such Securities were acquired by such
broker-dealer as a result of market-making activities or other trading
activities, must acknowledge that it will deliver a prospectus in connection
with any resale of such Exchange Securities. See "Plan of Distribution."

<PAGE>

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

     Each broker-dealer that receives Exchange Securities for its own account
pursuant to the Registered Exchange Offer must acknowledge that it will deliver
a prospectus in connection with any resale of such Exchange Securities. This
Prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of Exchange Securities received in
exchange for Securities where such Securities were acquired as a result of
market-making activities or other trading activities. The Issuers have agreed
that, for a period of 90 days after the Expiration Date, they will make this
prospectus, as amended or supplemented, available to any broker-dealer for use
in connection with any such resale. In addition, until [DATE], all dealers
effecting transactions in the Exchange Securities may be required to deliver a
prospectus.

     The Issuers will not receive any proceeds from any sale of Exchange
Securities by broker-dealers. Exchange Securities received by broker-dealers for
their own account pursuant to the Registered Exchange Offer may be sold from
time to time in one or more transactions in the over-the-counter market, in
negotiated transactions, through the writing of options on the Exchange
Securities or a combination of such methods of resale, at market prices
prevailing at the time of resale, at prices related to such prevailing market
prices or at negotiated prices. Any such resale may be made directly to
purchasers or to or through brokers or dealers who may receive compensation in
the form of commissions or concessions from any such broker-dealer or the
purchasers of any such Exchange Securities. Any broker-dealer that resells
Exchange Securities that were received by it for its own account pursuant to the
Registered Exchange Offer and any broker or dealer that participates in a
distribution of such Exchange Securities may be deemed to be an "underwriter"
within the meaning of the Securities Act and any profit on any such resale of
Exchange Securities and any commission or concessions received by any such
persons may be deemed to be underwriting compensation under the Securities Act.
The Letter of Transmittal states that, by acknowledging that it will deliver and
by delivering a prospectus, a broker-dealer will not be deemed to admit that it
is an "underwriter" within the meaning of the Securities Act.

     For a period of 90 days after the Expiration Date the Issuers will promptly
send additional copies of this Prospectus and any amendment or supplement to
this Prospectus to any broker-dealer that requests such documents in the Letter
of Transmittal. The Issuers have agreed to pay all expenses incident to the
Registered Exchange Offer (including the expenses of one counsel for the Holders
of the Securities) other than commissions or concessions of any broker-dealers
and will indemnify the Holders of the Securities (including any broker-dealers)
against certain liabilities, including liabilities under the Securities Act.

<PAGE>

                                                                         ANNEX D

          CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10
          ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR
          SUPPLEMENTS THERETO.

          Name:
               ---------------------------

          Address:
                  ------------------------

If the undersigned is not a broker-dealer, the undersigned represents that it is
not engaged in, and does not intend to engage in, a distribution of Exchange
Securities. If the undersigned is a broker-dealer that will receive Exchange
Securities for its own account in exchange for Securities that were acquired as
a result of market-making activities or other trading activities, it
acknowledges that it will deliver a prospectus in connection with any resale of
such Exchange Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.<PAGE>
                                                                  EXECUTION COPY

                             ACTIVANT SOLUTIONS INC.

                                  $120,000,000
                       Floating Rate Senior Notes due 2010

                               PURCHASE AGREEMENT

                                                                  March 10, 2005

J.P. MORGAN SECURITIES INC.
DEUTSCHE BANK SECURITIES INC.
c/o J.P. Morgan Securities Inc.
270 Park Avenue, 5th floor
New York, New York  10017

Ladies and Gentlemen:

     Activant Solutions Inc., a Delaware corporation (the "Company"), proposes,
subject to the terms and conditions stated herein, to issue and sell (the
"Offering") $120,000,000 aggregate principal amount of the Company's Floating
Rate Senior Notes due 2010 (the "Notes"). The Notes will be issued pursuant to
an indenture dated March 30, 2005 (the "Indenture") between the Company, the
Guarantors named therein and Wells Fargo Bank, N.A., as trustee (the "Trustee").
The Notes will initially be guaranteed on an unsecured senior basis (the
"Guarantees," and together with the Notes, the "Securities") by each of the
Company's direct and indirect subsidiaries (the "Subsidiaries") identified on
Schedule II hereto (collectively, the "Guarantors," and together with the
Company, the "Issuers". The Issuers hereby confirm their agreement with J.P.
Morgan Securities Inc. and Deutsche Bank Securities Inc. (each an "Initial
Purchaser", and together the "Initial Purchasers") concerning the purchase of
the Securities from the Issuers by the Initial Purchasers.

     The Securities will be offered and sold to the Initial Purchasers without
being registered under the Securities Act of 1933, as amended (the "Securities
Act"), in reliance upon exemptions therefrom. The Company has prepared a
preliminary offering memorandum dated February 25, 2005 (the "Preliminary
Offering Memorandum") and will prepare a final offering memorandum dated the
date hereof (the "Final Offering Memorandum") setting forth information
concerning the Company, the Guarantors and the Securities. Copies of the
Preliminary Offering Memorandum have been, and copies of the Final Offering
Memorandum will be, delivered by the Issuers to the Initial Purchasers pursuant
to the terms of this Agreement.

<PAGE>
                                      -2-

Any references herein to the Preliminary Offering Memorandum and the Final
Offering Memorandum shall be deemed to include all amendments and supplements
thereto and any documents incorporated by reference therein, unless otherwise
noted. The Issuers hereby confirm that they have authorized the use of the
Preliminary Offering Memorandum and the Final Offering Memorandum in connection
with the offering and resale of the Securities by the Initial Purchasers in
accordance with Section 2.

     Holders of the Notes (including the Initial Purchasers and their direct and
indirect transferees) will be entitled to the benefits of an Exchange and
Registration Rights Agreement substantially in the form attached hereto as Annex
A (the "Registration Rights Agreement"), pursuant to which the Company and the
Guarantors will agree to file with the Securities and Exchange Commission (the
"Commission") (i) a registration statement under the Securities Act (the
"Exchange Offer Registration Statement") registering an issue of senior notes of
the Company (the "Exchange Notes") and guarantees of the Guarantors (together
with the Exchange Notes, the "Exchange Securities") which are identical in all
material respects to the Notes and the Guarantees, respectively (except that the
Exchange Securities will not contain terms with respect to transfer
restrictions), and (ii) under certain circumstances, a shelf registration
statement pursuant to Rule 415 under the Securities Act (the "Shelf Registration
Statement").

     Concurrently with the closing of the Offering, the Company intends to:

          (i) purchase any and all of the outstanding capital stock of Speedware
     Corporation Inc. ("Speedware") tendered to the Company as of such date
     pursuant to an Offer to Purchase dated as of February 21, 2005 (the "Tender
     Offer"), as amended, supplemented and extended from time to time (the
     "Speedware Acquisition") and

          (ii) amend its existing senior credit facility dated as of June 27,
     2003 with JPMorgan Chase Bank, N.A., as administrative agent, and a
     syndicate of banking and financial institutions party thereto (the "Credit
     Facility") to permit the Speedware Acquisition and the transactions related
     thereto (the "Credit Agreement Amendment" and together with the Offering
     and the Speedware Acquisition, the "Transactions").

     The proceeds of the Offering will be used to fund a portion of the purchase
price necessary to purchase all of the issued and outstanding shares of capital
stock of Speedware and pay transaction fees and expenses.

     Capitalized terms used but not defined herein shall have the meanings given
to such terms in the Final Offering Memorandum.

     1. Representations, Warranties and Agreements of the Issuers. The Issuers
represent and warrant, jointly and severally, to, and agree with, the Initial
Purchasers on

<PAGE>
                                      -3-

the date hereof and the Closing Date (with respect to those made at the Closing
Date, after giving effect to the transactions contemplated by this Agreement)
that:

          (a) The Preliminary Offering Memorandum, as of its date did not, and
     the Final Offering Memorandum, as of its date and as of the Closing Date
     (as defined in Section 3), did not (or will not) contain any untrue
     statement of a material fact or omit to state a material fact necessary in
     order to make the statements therein, in the light of the circumstances
     under which they were made, not misleading; provided, however, that the
     Issuers make no representation or warranty as to information contained in
     or omitted from the Preliminary Offering Memorandum or the Final Offering
     Memorandum in reliance upon and in conformity with written information
     relating to the Initial Purchasers furnished to the Issuers by or on behalf
     of the Initial Purchasers specifically for use therein (the "Initial
     Purchasers' Information"). The parties hereto acknowledge and agree that,
     for all purposes of this Agreement, the Initial Purchasers' Information
     consists solely of the statements relating to the Initial Purchasers in the
     third paragraph, fifth and sixth sentences of the eighth paragraph, and
     tenth paragraph under the heading "Plan of distribution" in the Final
     Offering Memorandum.

          (b) The Preliminary Offering Memorandum as of its date contained, and
     the Final Offering Memorandum, as of its date and as of the Closing Date,
     contained and will contain all of the information that, if requested by a
     prospective purchaser of the Securities, would be required to be provided
     to such prospective purchaser pursuant to Rule 144A(d)(4) under the
     Securities Act.

          (c) Assuming the accuracy of the representations and warranties of the
     Initial Purchasers contained in Section 2 and their compliance with the
     agreements set forth herein, it is not necessary, in connection with the
     issuance and sale of the Securities to the Initial Purchasers and the
     offer, resale and delivery of the Securities by the Initial Purchasers in
     the manner contemplated by this Agreement and the Final Offering
     Memorandum, to register the Securities under the Securities Act or to
     qualify the Indenture under the Trust Indenture Act of 1939, as amended
     (the "Trust Indenture Act").

          (d) The Issuers and each of their respective subsidiaries have been
     duly organized and are validly existing as corporations in good standing
     under the laws of their respective jurisdictions of incorporation, are duly
     qualified to do business and are in good standing as foreign corporations
     in each jurisdiction in which their respective ownership or lease of
     property or the conduct of their respective businesses requires such
     qualification, and have all power and authority necessary to own or hold
     their respective properties and to conduct the businesses in which they are
     engaged, except where the failure to so qualify or have such power or
     authority would not, singularly or in the aggregate, have a material
     adverse effect on the condition (financial or

<PAGE>
                                      -4-

     otherwise), results of operations, business or prospects of the Issuers and
     their respective subsidiaries taken as a whole (a "Material Adverse
     Effect").

          (e) The authorized capital stock of the Company consists of 1,000
     shares of common stock, par value $.01 per share, and is owned by Activant
     Solutions Holdings Inc. ("Holding"). All of the outstanding shares of
     capital stock of each subsidiary of the Company have been duly and validly
     authorized and issued, are fully paid and non-assessable and are owned
     directly or indirectly by the Company, free and clear of any lien, charge,
     encumbrance, security interest, restriction upon voting or transfer or any
     other claim of any third party (other than liens and security interests
     created pursuant to the Credit Facility, the related guarantees and
     security documents or any document or agreements contemplated thereby, the
     Indenture or applicable law or as disclosed in the Support Agreement).

          (f) The Issuers have all requisite corporate power and authority to
     execute and deliver, to the extent each is a party thereto, this Agreement,
     the Indenture, the Registration Rights Agreement, the Credit Agreement
     Amendment, the support agreement dated January 24, 2005 among the Company,
     Activant Solutions Acquisition Co. Ltd. (the "Acquisition Co") and
     Speedware (the "Support Agreement"), the Securities and the Exchange
     Securities (collectively, the "Transaction Documents") and to perform their
     obligations hereunder and thereunder.

          (g) This Agreement has been duly authorized, executed and delivered by
     the Issuers.

          (h) The Registration Rights Agreement has been duly authorized by the
     Issuers, and, when duly executed and delivered in accordance with its terms
     by each of the parties thereto, will constitute a valid and legally binding
     agreement of the Issuers, enforceable against the Issuers in accordance
     with its terms, except (i) to the extent that such enforceability may be
     limited by applicable bankruptcy, insolvency, reorganization, moratorium
     and other similar laws affecting creditors' rights generally and by general
     equitable principles (whether considered in a proceeding in equity or at
     law) and (ii) to the extent that the enforceability of rights to
     indemnification and contribution thereunder may be limited by federal or
     state securities laws or regulations or the public policy underlying such
     laws or regulations.

          (i) The Indenture has been duly authorized by the Issuers, to the
     extent each is a party thereto, and, when duly executed and delivered in
     accordance with its terms by each of the parties thereto, will constitute a
     valid and legally binding agreement of the Issuers enforceable against the
     Issuers in accordance with its terms, except to the extent that such
     enforceability may be limited by applicable bankruptcy, insolvency,
     reorganization, moratorium and other similar laws affecting creditors'
     rights

<PAGE>
                                      -5-

     generally and by general equitable principles (whether considered in a
     proceeding in equity or at law).

          (j) The Notes have been duly authorized by the Company and, when duly
     executed, authenticated, issued and delivered as provided in the Indenture
     and paid for as provided herein, will be duly and validly issued and
     outstanding and will constitute valid and legally binding obligations of
     the Company entitled to the benefits of the Indenture and enforceable
     against the Company in accordance with their terms, except to the extent
     that such enforceability may be limited by applicable bankruptcy,
     insolvency, reorganization, moratorium and other similar laws affecting
     creditors' rights generally and by general equitable principles (whether
     considered in a proceeding in equity or at law).

          (k) The Guarantees have been duly authorized by each of the Guarantors
     and when duly executed and delivered as provided in the Indenture and when
     the Notes are paid for and delivered as provided herein, will be duly and
     validly issued and outstanding and will constitute valid and legally
     binding obligations of each Guarantor entitled to the benefits of the
     Indenture and enforceable against each such Guarantor in accordance with
     their terms, except to the extent that such enforceability may be limited
     by applicable bankruptcy, insolvency, reorganization, moratorium and other
     similar laws affecting creditors' rights generally and by general equitable
     principles (whether considered in a proceeding in equity or at law).

          (l) The Exchange Securities have been duly authorized by the Issuers
     to the extent each will be an obligor thereunder, and, when duly executed,
     authenticated, issued and delivered as provided in the Indenture and the
     Registration Rights Agreement, will be duly and validly issued and
     outstanding and will constitute valid and legally binding obligations of
     the Issuers entitled to the benefits of the Indenture and enforceable
     against the Issuers in accordance with their terms, except to the extent
     that such enforceability may be limited by applicable bankruptcy,
     insolvency, reorganization, moratorium and other similar laws affecting
     creditors' rights generally and by general equitable principles (whether
     considered in a proceeding in equity or at law).

          (m) The Credit Agreement Amendment has been duly authorized, executed
     and delivered by the Company and, when duly executed and delivered in
     accordance with its terms by each of the other parties thereto, will
     constitute a valid and legally binding agreement of the Company,
     enforceable against the Company in accordance with its terms, except to the
     extent that such enforceability may be limited by applicable bankruptcy,
     insolvency, reorganization, moratorium and other similar laws affecting
     creditors' rights generally and by general equitable principles (whether
     considered in a proceeding in equity or at law), other than set off
     provisions contained in the Credit Agreement.

<PAGE>
                                      -6-

          (n) The Support Agreement has been duly authorized by the Company and
     the Acquisition Co and constitutes a valid and legally binding agreement of
     the Company and Acquisition Co, enforceable against the Company and
     Acquisition Co in accordance with its terms, except (i) to the extent that
     such enforceability may be limited by applicable bankruptcy, insolvency,
     reorganization, moratorium and other similar laws affecting creditors'
     rights generally and by general equitable principles (whether considered in
     a proceeding in equity or at law) and (ii) to the extent that the
     enforceability of rights to indemnification and contribution thereunder may
     be limited by federal or state securities laws or regulations or the public
     policy underlying such laws or regulations.

          (o) The execution, delivery and performance by the Issuers and their
     respective subsidiaries of each of the Transaction Documents, to the extent
     each is a party thereto, the issuance, authentication, sale and delivery of
     the Securities by the Issuers and compliance by such Issuers with the terms
     thereof and the consummation by the Issuers and their respective
     subsidiaries, as applicable, of the transactions contemplated by the
     Transaction Documents do not and will not conflict with or result in a
     breach or violation of any of the terms or provisions of, or constitute a
     default under, or, except as permitted by the Transaction Documents, result
     in the creation or imposition of any lien, charge or encumbrance upon any
     property or assets of the Issuers or any of their respective subsidiaries
     pursuant to, any indenture, mortgage, deed of trust, loan agreement or
     other agreement or instrument to which the Issuers or any of their
     respective subsidiaries are parties or by which the Issuers or any of their
     respective subsidiaries are bound or to which any of the property or assets
     of the Issuers or any of their respective subsidiaries are subject, except
     for any such conflict, breach, violation, default, lien, charge or
     encumbrance that has been waived and except for any such conflict, breach,
     violation, default, lien, charge or encumbrance that could not, singly or
     in the aggregate, reasonably be expected to have a Material Adverse Effect
     or any material adverse effect on the ability of the Issuers to perform
     their respective obligations under the Transaction Documents; nor will such
     actions result in any violation of the provisions of the charter or bylaws
     of the Issuers or any of their respective subsidiaries or result in any
     violation of any statute or any order, rule or regulation of any court or
     arbitrator or governmental agency or body having jurisdiction over the
     Issuers or any of their respective subsidiaries or any of their properties
     or assets except such violation of any statute or any order, rule or
     regulation that could not, singly or in the aggregate, reasonably be
     expected to have a Material Adverse Effect; and, except for such consents,
     approvals, authorizations, registrations or qualifications which have been
     obtained or as may be required under (i) applicable Blue Sky or securities
     laws in connection with the purchase and resale of the Securities by the
     Initial Purchasers, (ii) the Trust Indenture Act in connection with the
     Exchange Securities or (iii) the Securities Act and state Blue Sky laws or
     securities laws in connection with the actions contemplated by the
     Registration Rights Agreement; no material consent, approval,

<PAGE>
                                      -7-

     authorization or order of, or filing or registration with, any such court
     or arbitrator or governmental agency or body is required for the execution,
     delivery and performance by the applicable Issuers of each of the
     Transaction Documents, the issuance, authentication, sale and delivery by
     the Issuers of the Securities and compliance by the Issuers with the terms
     thereof and the consummation by the Issuers of the transactions
     contemplated by the Transaction Documents, except for such consents,
     approvals, authorizations, filings, registrations or qualifications as may
     be required to be obtained or made under the Securities Act and applicable
     state securities laws as provided in the Registration Rights Agreement.

          (p) Each Transaction Document, to the extent described in the Final
     Offering Memorandum, will conform in all material respects to the
     description of such Transaction Document contained in the Final Offering
     Memorandum.

          (q) (i) Ernst & Young LLP are independent public accountants with
     respect to the Issuers and their respective subsidiaries within the meaning
     of Rule 101 of the Code of Professional Conduct of the American Institute
     of Certified Public Accountants ("AICPA") and its interpretations and
     rulings thereunder, (ii) the historical financial statements (including the
     related notes) contained in the Preliminary Offering Memorandum and the
     Final Offering Memorandum have been prepared in conformity with generally
     accepted accounting principles consistently applied throughout the periods
     covered thereby and fairly present, in all material respects, the financial
     condition and the results of operations of the entities purported to be
     covered thereby for the respective periods indicated except as otherwise
     disclosed therein and (iii) the assumptions underlying the pro forma
     financial information included in the Preliminary Offering Memorandum and
     the Final Offering Memorandum include all assumptions required to give
     effect to the transactions and events described in the notes thereto, are
     reasonable and are set forth in the Preliminary Offering Memorandum and the
     Final Offering Memorandum and the pro forma adjustments give proper effect
     to those assumptions and reflect the proper application of those
     adjustments to the applicable historical financial statements included in
     the Preliminary Offering Memorandum and the Final Offering Memorandum. The
     financial information contained in the Preliminary Offering Memorandum and
     the Final Offering Memorandum under the headings "Summary unaudited pro
     forma condensed combined financial and operating data," "Capitalization,"
     "Selected historical consolidated financial data of the Company" and
     "Management's discussion and analysis of financial condition and results of
     operations" is derived from the accounting records of the entities
     purported to be covered thereby and fairly present in all material respects
     the information purported to be shown thereby.

          (r) To the Company's knowledge, (i) KPMG LLP are independent public
     accountants with respect to Speedware and its respective subsidiaries
     within the

<PAGE>
                                      -8-

     meaning of the Code of Ethics of the Ordre des comptables agrees du Quebec
     and within the meaning of the Securities Act and the applicable rules and
     regulations thereunder and (ii) the historical financial statements of
     Speedware, including the notes thereto, as contained in the Preliminary
     Offering Memorandum and the Final Offering Memorandum were prepared in
     accordance with generally accepted accounting principles in Canada applied
     on a basis consistent with prior periods, except as noted therein, are
     correct in all material respects, are complete and present fairly the
     assets, liabilities (whether accrued, absolute, contingent or otherwise)
     and financial condition of Speedware and its subsidiaries on a consolidated
     basis as at the respective dates thereof and the results of operations of
     Speedware and its subsidiaries on a consolidated basis for the respective
     periods covered thereby.

          (s) There are no legal or governmental proceedings pending to which
     the Issuers or any of their respective subsidiaries is a party or of which
     any property or assets of the Issuers or any of their respective
     subsidiaries or affiliates is the subject which, singularly or in the
     aggregate, if determined adversely to the Issuers or any of their
     respective subsidiaries or affiliates, could reasonably be expected to have
     a Material Adverse Effect; and to the best knowledge of the Issuers no such
     proceedings are threatened or contemplated by governmental authorities or
     threatened by others.

          (t) No injunction, restraining order or order of any nature by any
     federal or state court of competent jurisdiction has been issued with
     respect to the Issuers or any of their respective subsidiaries which would
     prevent or suspend the issuance or sale of the Securities, the use of the
     Final Offering Memorandum in any jurisdiction or the consummation of the
     Tender Offer or any other transaction related thereto; no action, suit or
     proceeding is pending against or, to the best knowledge of the Issuers
     threatened against or affecting the Issuers or any of their respective
     subsidiaries before any court or arbitrator or any governmental agency,
     body or official, domestic or foreign, which could reasonably be expected
     to interfere with or adversely affect the issuance of the Securities or the
     consummation of the Tender Offer or any other transaction related thereto
     or in any manner draw into question the validity or enforceability of any
     of the Transaction Documents or any action taken or to be taken pursuant
     thereto.

          (u) None of the Issuers nor any of their respective subsidiaries is
     (i) in violation of its charter or bylaws, (ii) in default, and no event
     has occurred which, with notice or lapse of time or both, would constitute
     such a default, in the due performance or observance of any term, covenant
     or condition contained in any material indenture, mortgage, deed of trust,
     loan agreement or other material agreement or instrument to which it is a
     party or by which it is bound or to which any of its property or assets is
     subject which could reasonably be expected to have a Material Adverse
     Effect or (iii) in violation of any applicable law, ordinance, court
     decree, governmental rule or

<PAGE>
                                      -9-

     regulation to which it or its material property or assets may be subject
     which could reasonably be expected to have a Material Adverse Effect.

          (v) The Issuers and each of their respective subsidiaries possess all
     licenses, orders, certificates, authorizations, approvals and permits
     issued by, and have made all declarations, applications, reports,
     instruments, information and filings with, the appropriate federal, state
     or foreign regulatory agencies or bodies that are necessary or desirable
     for the ownership of their respective properties or the conduct of their
     respective businesses as described in the Final Offering Memorandum and
     such declarations, applications, reports, instruments, information and
     filings are true, correct and complete in all material respects, except
     where the failure to possess or make the same would not, singularly or in
     the aggregate, have a Material Adverse Effect, and neither any of the
     Issuers nor any of their respective subsidiaries has received notification
     of any revocation or modification of any such license, certificate,
     authorization or permit that is generally renewable in the ordinary course
     or has any reason to believe that any such license, certificate,
     authorization or permit will not be renewed in the ordinary course.

          (w) None of the Issuers or any of their respective subsidiaries
     (provided that the Issuers make no representation as to Speedware and its
     subsidiaries on the Closing Date) is an open-end investment company, unit
     investment trust or face-amount certificate company that is or is required
     to be registered under Section 8 of the United States Investment Company
     Act of 1940, as amended (the "Investment Company Act"), nor are any of them
     a closed-end investment company required to be registered, but not
     registered, thereunder; and none of the Issuers is and, after giving effect
     to the offering and sale of the Securities and the application of the
     proceeds thereof as described in the Final Offering Memorandum, none of the
     Issuers will be, an "investment company" as defined in the Investment
     Company Act.

          (x) The Issuers and each of their respective subsidiaries maintain a
     system of internal accounting controls sufficient to provide reasonable
     assurance that (i) transactions are executed in accordance with
     management's general or specific authorizations; (ii) transactions are
     recorded as necessary to permit preparation of financial statements in
     conformity with generally accepted accounting principles and to maintain
     asset accountability; (iii) access to assets is permitted only in
     accordance with management's general or specific authorization; and (iv)
     the recorded accountability for assets is compared with the existing assets
     at reasonable intervals and appropriate action is taken with respect to any
     differences.

          (y) The Issuers and each of their respective subsidiaries have
     insurance covering their respective properties, operations, personnel and
     businesses, which insurance is in amounts and insures against such losses
     and risks as are in the Issuers' opinion adequate to protect the Issuers
     and their respective subsidiaries and their

<PAGE>
                                      -10-

     respective businesses. None of the Issuers or any of their respective
     subsidiaries have received notice from any insurer or agent of such insurer
     that capital improvements or other expenditures are required or necessary
     to be made in order to continue such insurance.

          (z) The Issuers and each of their respective subsidiaries own or
     possess adequate rights to use all material patents, patent applications,
     trademarks, service marks, trade names, trademark registrations, service
     mark registrations, copyrights, licenses and know-how (including trade
     secrets and other unpatented and/or unpatentable proprietary or
     confidential information, systems or procedures) necessary for the conduct
     of their respective businesses as described in the Final Offering
     Memorandum; and the conduct of their respective businesses does not
     conflict in any material respect with, and the Issuers and their respective
     subsidiaries have not received any notice of any claim of conflict with,
     any such rights of others.

          (aa) The Issuers and each of their respective subsidiaries have good
     and marketable title in fee simple to, or have valid rights to lease or
     otherwise use, all items of real and personal property which are material
     to the business of the Issuers and their respective subsidiaries, taken as
     a whole, in each case free and clear of all liens, encumbrances and defects
     other than (i) liens and encumbrances granted pursuant to the Credit
     Facility and (ii) liens, encumbrances and defects that do not materially
     interfere with the use made and proposed to be made of such property by the
     Issuers and their respective subsidiaries or could not reasonably be
     expected to have a Material Adverse Effect.

          (bb) No labor disturbance by or dispute with the employees of the
     Issuers or any of their respective subsidiaries exists or, to the best
     knowledge of the Issuers is imminent, which could reasonably be expected to
     have a Material Adverse Effect.

          (cc) There has been no storage, generation, transportation, handling,
     treatment, disposal, discharge, emission or other release or threatened
     release of any kind of toxic or other wastes or other hazardous substances
     by, due to or caused by the Issuers or any of their respective subsidiaries
     (or, to the best knowledge of the Issuers, any other entity (including any
     predecessor) for whose acts or omissions the Issuers or any of their
     respective subsidiaries are or could reasonably be expected to be liable)
     upon any property now or previously owned or leased by the Issuers or any
     of their respective subsidiaries, or upon any other property, in violation
     of any statute or any ordinance, rule, regulation, order, judgment, decree
     or permit or which would, under any statute or any ordinance, rule
     (including rule of common law), regulation, order, judgment, decree or
     permit, give rise to any liability except for any violation or liability
     which would not have, singularly or in the aggregate with all such
     violations and liabilities, a Material Adverse Effect; and there has been
     no disposal, discharge, emission or other release of any kind onto such
     property or into the environment

<PAGE>
                                      -11-

     surrounding such property of any toxic or other wastes or other hazardous
     substances with respect to which the Issuers have knowledge, except for any
     such disposal, discharge, emission or other release of any kind which would
     not have, singularly or in the aggregate with all such disposal, discharge,
     emission and other release, a Material Adverse Effect.

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

          (ee) On the Closing Date, the Company and its subsidiaries taken as a
     whole (after giving effect to the Transactions), will be Solvent. As used
     in this paragraph, the term "Solvent" means, with respect to a particular
     date, that on such date (i) the present fair market value (or present fair
     saleable value) of the assets of the Company and its subsidiaries is not
     less than the total amount of the liabilities of the Company and its
     subsidiaries on their total existing debts and liabilities (including
     contingent liabilities); (ii) the Company and its subsidiaries are able to
     realize upon their assets and pay their debts and other liabilities,
     contingent obligations and commitments as they mature and become due in the
     normal course of business; (iii) assuming consummation of the issuance of
     the Securities as contemplated by this Agreement and the Final Offering
     Memorandum, the Company and its subsidiaries are not incurring debts or
     liabilities beyond their ability to pay as such debts and liabilities
     mature; (iv) the Company and its subsidiaries are not engaged in any
     business or transaction, and does not propose to engage in any business or
     transaction, for which their property would constitute unreasonably small
     capital after giving due consideration to the prevailing practice in the
     industry in which the Company is engaged; and (v) the Company and its
     subsidiaries are not otherwise insolvent under applicable federal or state
     laws.

<PAGE>
                                      -12-

          (ff) No holder of securities of the Issuers or any of their respective
     subsidiaries will be entitled to have such securities registered under the
     registration statements required to be filed by the Issuers pursuant to the
     Registration Rights Agreement, to the extent each is a party thereto, other
     than as expressly permitted thereby or that has been waived.

          (gg) No forward-looking statement (within the meaning of Section 27A
     of the Securities Act and Section 21E of the Exchange Act) contained in the
     Preliminary Offering Memorandum and the Final Offering Memorandum has been
     made or reaffirmed without a reasonable basis or has been disclosed other
     than in good faith.

          (hh) Nothing has come to the attention of the Company that has caused
     the Company to believe that the statistical and market-related data
     included in the Preliminary Offering Memorandum and the Final Offering
     Memorandum is not based on or derived from sources that are reliable and
     accurate in all material respects.

          (ii) None of the proceeds of the sale of the Securities will be used,
     directly or indirectly, for the purpose of purchasing or carrying any
     margin security, for the purpose of reducing or retiring any indebtedness
     which was originally incurred to purchase or carry any margin security or
     for any other purpose which might cause any of the Securities to be
     considered a "purpose credit" within the meanings of Regulation T, U or X
     of the Board of Governors of the Federal Reserve System.

          (jj) Except as disclosed in the Final Offering Memorandum, neither the
     Issuers nor any of their respective subsidiaries is a party to any contract
     agreement or understanding with any person that would give rise to a valid
     claim against the Issuers or the Initial Purchasers for a brokerage
     commission, finders' fee or like payment in connection with the offering
     and sale of the Securities.

          (kk) The Notes satisfy the eligibility requirements of Rule 144A(d)(3)
     under the Securities Act.

          (ll) Neither any of the Issuers nor any Affiliate (as defined in Rule
     501(b) of Regulation D under the Securities Act ("Regulation D")) has
     directly, or through any agent (provided that no representation is made as
     to the Initial Purchasers or any Person acting on its behalf): (i) sold,
     offered for sale, solicited offers to buy or otherwise negotiated in
     respect of any "security" (as defined in the Securities Act) which sale,
     offer, solicitation or negotiation is or will be integrated with the sale
     of the Securities in a manner that would require the registration under the
     Securities Act of the Securities or (ii) engaged in any form of general
     solicitation or general advertising (as those terms are used in Regulation
     D) in connection with the offering of the Securities.

<PAGE>
                                      -13-

          (mm) When the Securities are delivered pursuant to this Agreement,
     none of the Securities will be of the same class (within the meaning of
     Rule 144A under the Securities Act) as securities of the Issuers or any of
     their respective subsidiaries that are listed on a national securities
     exchange registered under Section 6 of the Exchange Act or that are quoted
     in a United States automated inter-dealer quotation system.

          (nn) None of the Issuers or any of their respective Affiliates (as
     defined in Rule 501(b) of Regulation D), nor any person acting on behalf of
     any of them (other than the Initial Purchasers) (i) has, within the
     six-month period prior to the date hereof, offered or sold in the United
     States or to any U.S. person (as such terms are defined in Regulation S
     under the Securities Act ("Regulation S")) the Securities or any security
     of the same class or series as the Securities (A) in the United States by
     means of any form of general solicitation or general advertising within the
     meaning of Rule 502(c) under the Securities Act or (B) with respect to any
     such securities sold in reliance on Rule 903 of Regulation S, by means of
     any directed selling efforts within the meaning of Rule 902(b) of
     Regulation S. The Issuers and their respective affiliates, and any person
     acting on behalf of any of them (other than the Initial Purchasers) have
     complied and will comply with the offering restrictions requirement of
     Regulation S. The Issuers have not entered and will not enter into any
     contractual arrangement with respect to the distribution of the Securities
     except for this Agreement and the Registration Rights Agreement, to the
     extent each is party thereto.

          (oo) Since December 31, 2004, except as set forth in the Final
     Offering Memorandum (i) both before and after giving effect to the
     Transactions, there has been no material adverse change or any development
     involving a prospective material adverse change in the condition, financial
     or otherwise, or in the earnings, business affairs, management or business
     prospects of the Issuers, whether or not arising in the ordinary course of
     business, (ii) none of the Issuers, nor any of their respective
     subsidiaries has incurred any liability or obligation, direct or indirect,
     absolute or contingent, other than in the ordinary course of business,
     which would, singly or in the aggregate, have a Material Adverse Effect,
     (iii)with the exception of the Support Agreement, neither any of the
     Issuers nor any of their respective subsidiaries has entered into any
     material transaction other than in the ordinary course of business and (iv)
     there has not been any change in the capital stock or long-term debt of any
     of the Issuers or any of their respective subsidiaries, or any dividend or
     distribution of any kind declared, paid or made by any of the Issuers or
     any of their respective subsidiaries on any class of its capital stock.

          2. Purchase and Resale of the Securities.

     (a) On the basis of the representations, warranties and agreements
contained herein, and subject to the terms and conditions set forth herein, the
Company agrees to issue and sell to the Initial Purchasers, and each of the
Initial Purchasers agrees, severally and

<PAGE>
                                      -14-

not jointly, to purchase from the Company, the aggregate principal amount of
Notes set forth opposite its name in Schedule 1 hereto at a purchase price equal
to 97.25% of the principal amount thereof. No Issuer shall be obligated to
deliver any of the Notes except upon payment for all of the Notes to be
purchased from the Issuers as provided herein.

     (b) The Initial Purchasers have advised the Issuers that they propose to
offer the Securities for resale upon the terms and subject to the conditions set
forth herein and in the Final Offering Memorandum. Each Initial Purchaser,
severally and not jointly, represents and warrants to, and agrees with, the
Issuers that (i) it is purchasing the Securities pursuant to a private sale
exemption from registration under the Securities Act, (ii) it has not solicited
offers for, or offered or sold, and will not solicit offers for, or offer or
sell, the Securities by means of any form of general solicitation or general
advertising within the meaning of Rule 502(c) of Regulation D or in any manner
involving a public offering within the meaning of Section 4(2) of the Securities
Act and (iii) it has solicited and will solicit offers for the Securities only
from, and has offered or sold and will offer, sell or deliver the Securities, as
part of its initial offering, only (A) within the United States to persons whom
it reasonably believes to be qualified institutional buyers ("Qualified
Institutional Buyers"), as defined in Rule 144A under the Securities Act ("Rule
144A"), or if any such person is buying for one or more institutional accounts
for which such person is acting as fiduciary or agent, only when such person has
represented to it that each such account is a Qualified Institutional Buyer to
whom notice has been given that such sale or delivery is being made in reliance
on Rule 144A and in each case, in transactions in accordance with Rule 144A and
(B) outside the United States to persons other than U.S. persons in reliance on
Regulation S.

     (c) In connection with the offer and sale of Securities in reliance on
Regulation S, each Initial Purchaser, severally and not jointly, represents,
warrants and agrees that:

          (i) The Securities have not been registered under the Securities Act
     and may not be offered or sold within the United States or to, or for the
     account or benefit of, U.S. persons except pursuant to an exemption from,
     or in transactions not subject to, the registration requirements of the
     Securities Act.

          (ii) The Initial Purchasers have offered and sold the Securities, and
     will offer and sell the Securities, (A) as part of their distribution at
     any time and (B) otherwise until 40 days after the later of the
     commencement of the offering of the Securities and the Closing Date, only
     in accordance with Regulation S or Rule 144A or any other available
     exemption from registration under the Securities Act.

          (iii) Neither of the Initial Purchasers nor any of their respective
     affiliates nor any other person acting on their behalf has engaged or will
     engage in any directed selling efforts (as defined in Regulation S) with
     respect to the Securities, and all such persons have complied and will
     comply with the offering restrictions requirement of Regulation S.

<PAGE>

                                      -15-

          (iv) At or prior to the confirmation of sale of any Securities sold in
     reliance on Regulation S, the Initial Purchasers will have sent to each
     distributor, dealer or other person receiving a selling concession, fee or
     other remuneration that purchases Securities from them during the
     restricted period a confirmation or notice to substantially the following
     effect:

          "The Securities covered hereby have not been registered under the U.S.
          Securities Act of 1933, as amended (the "Securities Act"), and may not
          be offered or sold within the United States or to, or for the account
          or benefit of, U.S. persons (i) as part of their distribution at any
          time or (ii) otherwise until 40 days after the later of the
          commencement of the offering of the Securities and the date of
          original issuance of the Securities, except in accordance with
          Regulation S or Rule 144A or any other available exemption from
          registration under the Securities Act. Terms used above have the
          meanings given to them by Regulation S."

          (v) The Initial Purchasers have not and will not enter into any
     contractual arrangement with any distributor with respect to the
     distribution of the Securities, except with their affiliates or with the
     prior written consent of the Issuers.

Terms used in this Section 2(c) have the meanings given to them by Regulation S.

     (d) Each Initial Purchaser, severally and not jointly, agrees that, prior
to or simultaneously with the confirmation of sale by such Initial Purchaser to
any purchaser of any of the Securities purchased by such Initial Purchaser from
the applicable Issuers pursuant hereto, such Initial Purchaser shall furnish to
that purchaser a copy of the Final Offering Memorandum (and any amendment or
supplement thereto that the Issuers shall have furnished to such Initial
Purchaser prior to the date of such confirmation of sale), but excluding any
document incorporated by reference therein. In addition to the foregoing, each
Initial Purchaser, severally and not jointly, acknowledges and agrees that the
Issuers and, for purposes of the opinions to be delivered to the Initial
Purchasers pursuant to Sections 5(d) and 5(e), counsel for the Issuers and for
the Initial Purchasers, respectively, may rely upon the accuracy of the
representations and warranties of each Initial Purchaser and their compliance
with their agreements contained in this Section 2, and each Initial Purchaser
hereby consents to such reliance.

     (e) The Issuers acknowledge and agree that each Initial Purchaser may sell
Securities to any affiliate of such Initial Purchaser and that any such
affiliate may sell Securities purchased by it to such Initial Purchaser.

     (f) Each Initial Purchaser, severally and not jointly, agrees that:

<PAGE>

                                      -16-

          (i) it has not offered or sold and, prior to the date six months after
     the Closing Date, will not offer or sell any Securities to persons in the
     United Kingdom except to persons whose ordinary activities involve them in
     acquiring, holding, managing or disposing of investments (as principal or
     agent) for the purposes of their businesses or otherwise in circumstances
     which have not resulted and will not result in an offer to the public in
     the United Kingdom within the meaning of the United Kingdom Public Offers
     of Securities Regulations 1995 (as amended);

          (ii) it has only communicated or caused to be communicated and will
     only communicate or cause to be communicated any invitation or inducement
     to engage in investment activity (within the meaning of Section 21 of the
     United Kingdom Financial Services and Markets Act 2000 (the "FSMA"))
     received by it in connection with the issue or sale of any Securities in
     circumstances in which Section 21(1) of the FSMA does not apply to the
     Issuers; and

          (iii) it has complied and will comply with all applicable provisions
     of the FSMA with respect to anything done by it in relation to the
     Securities in, from or otherwise involving the United Kingdom.

     3. Delivery of and Payment for the Securities. (a) Delivery of and payment
for the Securities shall be made at the offices of Weil, Gotshal & Manges LLP,
Dallas, Texas or at such other place as shall be agreed upon by the Initial
Purchasers and the Issuers, at 9:00 A.M., Dallas time, on March 30, 2005, or at
such other time or date, not later than seven full business days thereafter, as
shall be agreed upon by the Initial Purchasers and the Issuers (such date and
time of payment and delivery being referred to herein as the "Closing Date").

     (b) On the Closing Date, payment of the purchase price for the Securities
shall be made to the Company by wire or book-entry transfer of same-day funds to
such account or accounts as the Company shall specify prior to the Closing Date
or by such other means as the parties hereto shall agree prior to the Closing
Date against delivery to the Initial Purchasers of the certificates evidencing
the Securities. Time shall be of the essence, and delivery at the time and place
specified pursuant to this Agreement is a further condition of the obligations
of each Initial Purchaser hereunder. Upon delivery, the Securities shall be in
global form, registered in such names and in such denominations as the Initial
Purchasers shall have requested in writing not less than two full business days
prior to the Closing Date. The Issuers agree to make one or more global
certificates evidencing the Securities available for inspection by the Initial
Purchasers in New York, New York at least 24 hours prior to the Closing Date.

     4. Further Agreements of the Issuers. The Issuers, jointly and severally,
agree with each Initial Purchaser:

<PAGE>
                                      -17-

          (a) to advise the Initial Purchasers promptly and, if requested,
     confirm such advice in writing, of the happening of any event which makes
     any statement of a material fact made in the Preliminary Offering
     Memorandum or the Final Offering Memorandum untrue or which requires the
     making of any additions to or changes in the Preliminary Offering
     Memorandum or the Final Offering Memorandum (as amended or supplemented
     from time to time) in order to make the statements therein, in the light of
     the circumstances under which they were made, not misleading; to advise the
     Initial Purchasers promptly of any order preventing or suspending the use
     of the Preliminary Offering Memorandum or the Final Offering Memorandum, of
     any suspension of the qualification of the Securities for offering or sale
     in any jurisdiction and of the initiation or threatening of any proceeding
     for any such purpose; and to use their reasonable best efforts to prevent
     the issuance of any such order preventing or suspending the use of the
     Preliminary Offering Memorandum or the Final Offering Memorandum or
     suspending any such qualification and, if any such suspension is issued, to
     obtain the lifting thereof at the earliest possible time;

          (b) to furnish to the Initial Purchasers, without charge, as many
     copies of the Preliminary Offering Memorandum and the Final Offering
     Memorandum (and any amendments or supplements thereto) as may be reasonably
     requested; provided that, in the event of any amendment or supplement to
     the Final Offering Memorandum, the Initial Purchasers shall have been given
     a reasonable opportunity to comment thereon, and copies thereof shall have
     been delivered to the Initial Purchasers reasonably in advance of the
     Closing Date;

          (c) prior to making any amendment or supplement to the Preliminary
     Offering Memorandum or the Final Offering Memorandum, to furnish a copy
     thereof to the Initial Purchasers and counsel for the Initial Purchasers
     and not to effect any such amendment or supplement to which the Initial
     Purchasers shall reasonably object by notice to the Issuers after a
     reasonable period of review, which shall not be in any case longer than
     five business days after receipt of such copy;

          (d) if, at any time prior to completion of the initial resale of the
     Securities by the Initial Purchasers, any event shall occur or condition
     exist as a result of which it is necessary, in the opinion of counsel for
     the Initial Purchasers or counsel for the Issuers, to amend or supplement
     the Final Offering Memorandum in order that the Final Offering Memorandum
     will not include an untrue statement of a material fact or omit to state a
     material fact required to be stated therein necessary in order to make the
     statements therein, in the light of the circumstances existing at the time
     it is delivered to a purchaser, not misleading, or if it is necessary to
     amend or supplement the Final Offering Memorandum to comply with applicable
     law, to promptly prepare such amendment or supplement as may be necessary
     to correct such untrue statement or

<PAGE>
                                      -18-

     omission so that the Final Offering Memorandum, as so amended or
     supplemented, will comply with applicable law;

          (e) for so long as the Securities are outstanding and are "restricted
     securities" within the meaning of Rule 144(a)(3) under the Securities Act,
     to furnish to holders of the Securities and prospective purchasers of the
     Securities designated by such holders, upon request of such holders or such
     prospective purchasers, the information required to be delivered pursuant
     to Rule 144A(d)(4) under the Securities Act, unless the Company is then
     subject to and in compliance with Section 13 or 15(d) of the Exchange Act;

          (f) for a period of three years following the Closing Date, to furnish
     to the Initial Purchasers copies of any annual reports, quarterly reports
     and current reports filed by the Issuers with the Commission on Forms 10-K,
     10-Q and 8-K, or such other similar forms as may be designated by the
     Commission, and such other documents, reports and information as shall be
     furnished by the Issuers to the Trustee or to the holders of the Securities
     pursuant to the Indenture or the Exchange Act or any rule or regulation of
     the Commission thereunder; provided, however, that any reports or
     information accepted for filing by the Commission and readily available on
     the Internet shall be deemed to have been provided to the Initial
     Purchasers;

          (g) to use their reasonable best efforts to qualify the Securities for
     sale under the state securities or Blue Sky laws of such jurisdictions as
     the Initial Purchasers may reasonably designate and to continue such
     qualifications in effect for so long as required for the distribution of
     the Securities; provided, however, that the Issuers and their respective
     subsidiaries shall not be obligated to qualify as a foreign corporation in
     any jurisdiction where it is not then qualified or to take any action which
     would subject it to general service of process or to taxation in any such
     jurisdiction where it is not then so subject;

          (h) to use their reasonable best efforts to assist the Initial
     Purchasers in arranging for the Securities to be designated Private
     Offerings, Resales and Trading through Automated Linkages ("PORTAL") Market
     securities in accordance with the rules and regulations adopted by the
     National Association of Securities Dealers, Inc. ("NASD") relating to
     trading in the PORTAL Market and for the Securities to be eligible for
     clearance and settlement through The Depository Trust Company ("DTC");

          (i) not to, and to cause their affiliates not to, sell, offer for sale
     or solicit offers to buy or otherwise negotiate in respect of any security
     (as such term is defined in the Securities Act) which could be integrated
     with the sale of the Securities in a manner which would require
     registration of the Securities under the Securities Act;

<PAGE>
                                      -19-

          (j) except following the effectiveness of the Exchange Offer
     Registration Statement or the Shelf Registration Statement, as the case may
     be, not to, and to cause its affiliates (as such term is defined in Rule
     501(B) of Regulation D) not to, and not to authorize or knowingly permit
     any person acting on their behalf to, (i) solicit any offer to buy or offer
     to sell the Securities by means of any form of general solicitation or
     general advertising within the meaning of Regulation D or in any manner
     involving a public offering within the meaning of Section 4(2) of the
     Securities Act or (ii) engage in any directed selling efforts within the
     meaning of Regulation S, and all such persons will comply with the offering
     restrictions requirement of Regulation S; and not to offer, sell, contract
     to sell or otherwise dispose of, directly or indirectly, any securities
     under circumstances where such offer, sale, contract or disposition would
     cause the exemption afforded by Section 4(2) of the Securities Act to cease
     to be applicable to the offering and sale of the Securities as contemplated
     by this Agreement and the Final Offering Memorandum;

          (k) for a period of 90 days from the date hereof, not to offer for
     sale, sell, contract to sell or otherwise dispose of, directly or
     indirectly, or file a registration statement (except as required by the
     Registration Rights Agreement) for, or announce any offer, sale, contract
     for sale of or other disposition of any debt securities issued or
     guaranteed by the Issuers or any of their respective subsidiaries (other
     than the Securities or the Exchange Securities) without the prior written
     consent of J.P. Morgan Securities Inc. (which consent may not be
     unreasonably withheld);

          (l) until the earlier of (i) the date that all the Notes have either
     been exchanged or registered under a shelf registration statement in
     accordance with the terms of the Registration Rights Agreement and (ii) two
     years after the Closing Date, without the prior written consent of the
     Initial Purchasers, not to, and not permit any of their affiliates (as
     defined in Rule 144 under the Securities Act) to, resell any of the Notes
     that have been reacquired by them, except for Notes purchased by the
     Issuers or any of their affiliates and resold in a transaction registered
     under the Securities Act;

          (m) in connection with the offering of the Securities, until the
     Initial Purchasers shall have notified the Issuers of the completion of the
     resale of the Securities, not to, and to cause their affiliated purchasers
     (as defined in Regulation M under the Exchange Act), not to, either alone
     or with one or more other persons, bid for or purchase, for any account in
     which they or any of their affiliated purchasers have a beneficial
     interest, any Securities, or attempt to induce any person to purchase any
     Securities; and not to, and to cause their affiliated purchasers not to,
     make bids or purchase for the purpose of creating actual, or apparent,
     active trading in or of raising the price of the Securities;

<PAGE>
                                      -20-

          (n) if less than all of the capital stock of Speedware is acquired in
     the Tender Offer, to use their best efforts to acquire or cause to be
     acquired any untendered shares as promptly as practicable after the Closing
     Date;

          (o) not to take any action prior to the Closing Date which would
     require the Final Offering Memorandum to be amended or supplemented
     pursuant to Section 4(d); and

          (p) to apply the net proceeds from the sale of the Securities as set
     forth in the Final Offering Memorandum under the heading "Use of proceeds."

     5. Conditions to Closing. The obligations of the Initial Purchasers
hereunder are subject to the accuracy, on and as of the date hereof and the
Closing Date, of the representations and warranties of the Issuers contained
herein, to the accuracy of the statements of the Issuers and their officers made
in any certificates delivered pursuant hereto, to the performance by the Issuers
of their obligations hereunder, and to each of the following additional terms
and conditions:

          (a) The Final Offering Memorandum (and any amendments or supplements
     thereto) shall have been printed and copies distributed to the Initial
     Purchasers as promptly as practicable on or following the date of this
     Agreement or at such other date and time as to which the Initial Purchasers
     may designate; and no stop order suspending the sale of the Securities in
     any jurisdiction shall have been issued and no proceeding for that purpose
     shall have been commenced or shall be pending or threatened.

          (b) The Initial Purchasers shall not have discovered and disclosed to
     the Company on or prior to the Closing Date that the Final Offering
     Memorandum or any amendment or supplement thereto contains an untrue
     statement of a fact which is material or omits to state any fact which, in
     the opinion of counsel to the Initial Purchasers, is material and is
     necessary to make the statements therein not misleading.

          (c) All corporate proceedings and other legal matters incident to the
     authorization, form and validity of each of the Transaction Documents, the
     Preliminary Offering Memorandum and the Final Offering Memorandum, and all
     other legal matters relating to the Transaction Documents and the
     transactions contemplated thereby, shall be reasonably satisfactory in all
     material respects to the Initial Purchasers, and the Issuers shall have
     furnished to the Initial Purchasers all documents and information that they
     or their counsel may reasonably request to enable them to pass upon such
     matters, it being agreed that the form of the Support Agreement as executed
     is satisfactory to the Initial Purchasers.

<PAGE>
                                      -21-

          (d) Weil, Gotshal & Manges LLP shall have furnished to the Initial
     Purchasers their written opinion, as counsel for the Issuers, addressed to
     the Initial Purchasers and dated the Closing Date, substantially to the
     effect set forth in Annex B hereto.

          (e) The Initial Purchasers shall have received from Cahill Gordon &
     Reindel LLP, counsel for the Initial Purchasers, such opinion or opinions,
     dated the Closing Date, with respect to such matters as the Initial
     Purchasers may reasonably require, and the Issuers shall have furnished to
     such counsel such documents, certificates and information as they
     reasonably request for the purpose of enabling them to pass upon such
     matters.

          (f) With respect to the letters (the "Initial Letters") of Ernst &
     Young LLP and KPMG LLP delivered by each of them to the Initial Purchasers
     concurrently with the execution of this Agreement (which letters shall be
     in form and substance reasonably satisfactory to the Initial Purchasers and
     counsel for the Initial Purchasers), the Issuers shall have caused each of
     Ernst & Young LLP and KPMG LLP to furnish to the Initial Purchasers a
     letter (the "Bring-Down Letter") addressed to the Initial Purchasers and
     dated the Closing Date (i) confirming that they are independent public
     accountants with respect to the Company and its subsidiaries and Speedware
     and its subsidiaries, as the case may be, within the meaning of Rule 101 of
     the Code of Professional Conduct of the AICPA and its interpretations and
     rulings thereunder, (ii) stating, as of the date of the Bring-Down Letter
     (or, with respect to matters involving changes or developments since the
     respective dates as of which specified financial information is given in
     the Final Offering Memorandum, as of a date not more than two business days
     prior to the date of the Bring-Down Letter), that the conclusions and
     findings of such accountants with respect to the financial information and
     other matters covered by its Initial Letter are accurate and (iii)
     confirming in all material respects the conclusions and findings set forth
     in its Initial Letter.

          (g) Each of the Issuers shall have furnished to the Initial Purchasers
     a certificate, dated the Closing Date, of a senior executive officer of
     such Issuer (acting in his or her capacity as an officer of such Issuer and
     not as an individual) stating that (A) such officer has reviewed the Final
     Offering Memorandum, (B) in his or her opinion, the Final Offering
     Memorandum, as of its date, did not include any untrue statement of a
     material fact and did not omit to state a material fact necessary in order
     to make the statements therein, in the light of the circumstances under
     which they were made, not misleading, and since the date of the Final
     Offering Memorandum, no event has occurred which should have been set forth
     in a supplement or amendment to the Final Offering Memorandum so that the
     Final Offering Memorandum (as so amended or supplemented) would not include
     any untrue statement of a material fact and would not omit to state a
     material fact necessary in order to make the statements therein, in

<PAGE>
                                      -22-

     the light of the circumstances under which they were made, not misleading
     and (C) to the best of his or her knowledge, as of the Closing Date, the
     representations and warranties of such Issuer in this Agreement are true
     and correct in all material respects (it being agreed and understood that
     in making such representations and warranties on the Closing Date as to
     Speedware and its subsidiaries, the certificate may expressly state that
     the Issuers are making such representations and warranties in reliance on
     the representations and warranties made by Speedware to the Issuers and
     their affiliates in the Support Agreement), such Issuer has complied in all
     material respects with all agreements and satisfied in all material
     respects all conditions on its part to be performed or satisfied hereunder
     on or prior to the Closing Date in all material respects, and since the
     date hereof or subsequent to the date of the most recent financial
     statements of the Company contained in the Final Offering Memorandum, there
     has been no material adverse change in the financial position or results of
     operations of the Issuers, their respective subsidiaries and Speedware and
     its respective subsidiaries taken as a whole, or any material change, or
     any development including a prospective material change in or affecting the
     condition (financial or otherwise), results of operations, business or
     prospects of the Issuers, their respective subsidiaries and Speedware and
     its respective subsidiaries taken as a whole, except as set forth in the
     Final Offering Memorandum.

          (h) The Initial Purchasers shall have received on and as of the
     Closing Date satisfactory evidence of the good standing of the Company and
     its subsidiaries and Speedware and its subsidiaries in their respective
     jurisdictions of organization and, as applicable, their good standing in
     the jurisdictions listed on Schedule III hereto, in each case in writing or
     any standard form of telecommunication, from the appropriate governmental
     authorities of such jurisdictions.

          (i) The Initial Purchasers shall have received a counterpart of the
     Registration Rights Agreement which shall have been executed and delivered
     by a duly authorized officer of each Issuer.

          (j) The Indenture shall have been duly executed and delivered by the
     Issuers and the Trustee, the Notes shall have been duly executed and
     delivered by the Company and duly authenticated by the Trustee and the
     Guarantees shall have been duly executed and delivered by the Guarantors.

          (k) The Credit Agreement Amendment shall be in full force and effect.

          (l) The Support Agreement shall be in full force and effect.

          (m) The Company shall have received and accepted tenders representing
     not less than 66 2/3% of the outstanding capital stock of Speedware and
     shall purchase all shares of capital stock of Speedware validly tendered
     pursuant to the Tender Offer.

<PAGE>
                                      -23-

          (n) If any event shall have occurred that requires the Issuers under
     Section 4(d) to prepare an amendment or supplement to the Final Offering
     Memorandum, such amendment or supplement shall have been prepared, the
     Initial Purchasers shall have been given a reasonable opportunity to
     comment thereon, and copies thereof shall have been delivered to the
     Initial Purchasers reasonably in advance of the Closing Date.

          (o) There shall not have occurred any invalidation of Rule 144A under
     the Securities Act by any court or any withdrawal or proposed withdrawal of
     any rule or regulation under the Securities Act or the Exchange Act by the
     Commission or any amendment or proposed amendment thereof by the Commission
     which in the judgment of the Initial Purchasers would materially impair the
     ability of the Initial Purchasers to purchase, hold or effect resales of
     the Securities as contemplated hereby.

          (p) Other than as contemplated by the Transactions or the Final
     Offering Memorandum, since the dates (both before and after the
     Transactions) as of which information is given in the Final Offering
     Memorandum (exclusive of any amendment or supplement to the Final Offering
     Memorandum on or after the date of the Final Offering Memorandum), there
     shall not have been any change in the capital stock or long-term debt or
     any change, or any development involving a prospective change, in or
     affecting the condition (financial or otherwise), results of operations,
     business or prospects of the Issuers and their respective subsidiaries
     taken as a whole, the effect of which, in any such case described above,
     is, in the judgment of the Initial Purchasers, so material and adverse as
     to make it impracticable or inadvisable to proceed with the sale or
     delivery of the Securities on the terms and in the manner contemplated in
     the Final Offering Memorandum (exclusive of any amendment or supplement
     thereto).

          (q) No action shall have been taken and no statute, rule, regulation
     or order shall have been enacted, adopted or issued by any governmental
     agency or body which would, as of the Closing Date, prevent the issuance or
     sale of the Securities; and no injunction, restraining order or order of
     any other nature by any federal or state court of competent jurisdiction
     shall have been issued as of the Closing Date which would prevent the
     issuance, sale or resale of the Securities.

          (r) Subsequent to the execution and delivery of this Agreement (i) no
     downgrading shall have occurred in the ratings accorded the Securities or
     any of the Issuers' other debt securities or preferred stock by any
     "nationally recognized statistical rating organization," as such term is
     defined by the Commission for purposes of Rule 436(g)(2) of the rules and
     regulations of the Commission under the Securities Act and (ii) no such
     organization shall have publicly announced that it has under surveillance
     or review or changed its outlook with respect to its rating of the
     Securities or any of the Issuers' other debt securities or preferred stock
     (other than an announcement with positive implications of a possible
     upgrading).

<PAGE>

                                      -24-

          (s) Subsequent to the execution and delivery of this Agreement there
     shall not have occurred any of the following: (i) trading in securities
     generally on the New York Stock Exchange, the American Stock Exchange or
     the over-the-counter market shall have been suspended or limited, or
     minimum prices shall have been established on any such exchange or market
     by the Commission, by any such exchange or by any other regulatory body or
     governmental authority having jurisdiction, or trading in any securities of
     the Company on any exchange or in the over-the-counter market shall have
     been suspended or (ii) any moratorium on commercial banking activities
     shall have been declared by federal or New York state authorities or (iii)
     an outbreak or escalation of hostilities or a declaration by the United
     States of a national emergency or war or any calamity or crisis or (iv) a
     material adverse change in general economic, political or financial
     conditions (or the effect of international conditions on the financial
     markets in the United States shall be such) the effect of which, in the
     case of this clause (iv), is, in the judgment of the Initial Purchasers, so
     material and adverse as to make it impracticable or inadvisable to proceed
     with the offering, sale or the delivery of the Securities on the terms and
     in the manner contemplated by this Agreement and in the Final Offering
     Memorandum (exclusive of any amendment or supplement thereto).

     All opinions, letters, evidence and certificates mentioned above or
elsewhere in this Agreement shall be deemed to be in compliance with the
provisions hereof only if they are in form and substance reasonably satisfactory
to counsel for the Initial Purchasers.

     6. Termination. The obligations of the Initial Purchasers hereunder may be
terminated by the Initial Purchasers, in their absolute discretion, by notice
given to and received by the Issuers prior to delivery of and payment for the
Securities if, prior to that time, the event described in Section 5(m) shall not
have occurred and any of the events described in Sections 5(n), 5(o), 5(p),
5(q), 5(r) and 5(s) shall have occurred and be continuing. The obligations of
the Issuers hereunder may be terminated by the Company by notice given and
received by the Initial Purchasers prior to delivery of payment for the
Securities if, prior to that time, the event described in Section 5(m) shall not
have occurred.

     7. Reimbursement of Initial Purchasers' Expenses. If (a) this Agreement
shall have been terminated pursuant to Section 6, (b) the Issuers shall fail to
tender the Securities for delivery to the Initial Purchasers or (c) the Initial
Purchasers shall decline to purchase the Securities for any reason permitted
under this Agreement, the Issuers shall, jointly and severally, reimburse the
Initial Purchasers for such out-of-pocket expenses (including reasonable fees
and disbursements of counsel) as shall have been reasonably incurred by the
Initial Purchasers in connection with this Agreement and the proposed purchase
or resale of the Securities.

     8. Indemnification.

<PAGE>
                                      -25-

          (a) The Issuers shall, jointly and severally, indemnify and hold
     harmless the Initial Purchasers, their affiliates, their respective
     officers, directors, employees, representatives, partners and agents, and
     each person, if any, who controls either of the Initial Purchasers or any
     affiliate within the meaning of the Securities Act or the Exchange Act
     (collectively referred to for purposes of this Section 8(a) and Section 9
     as the Initial Purchasers), from and against any loss, claim, damage or
     liability, joint or several, or any action in respect thereof (including,
     without limitation, any loss, claim, damage, liability or action relating
     to purchases and sales of the Securities), to which the Initial Purchasers
     may become subject, whether commenced or threatened, under the Securities
     Act, the Exchange Act, any other federal or state statutory law or
     regulation, at common law or otherwise, insofar as such loss, claim,
     damage, liability or action arises out of, or is based upon, (i) any untrue
     statement or alleged untrue statement of a material fact contained in the
     Preliminary Offering Memorandum or the Final Offering Memorandum or in any
     amendment or supplement thereto or in any information provided by the
     Issuers pursuant to Section 4(d) or (ii) the omission or alleged omission
     to state therein a material fact necessary in order to make the statements
     therein, in the light of the circumstances under which they were made, not
     misleading, and shall reimburse the Initial Purchasers promptly upon demand
     for any legal or other expenses reasonably incurred by the Initial
     Purchasers in connection with investigating or defending or preparing to
     defend against or appearing as a third party witness in connection with any
     such loss, claim, damage, liability or action as such expenses are
     incurred; provided, however, that the Issuers shall not be liable in any
     such case to the extent that any such loss, claim, damage, liability or
     action arises out of, or is based upon, an untrue statement or alleged
     untrue statement in or omission or alleged omission from any of such
     documents in reliance upon and in conformity with any Initial Purchasers'
     Information; and provided, further, however, that with respect to any such
     untrue statement in or omission from the Preliminary Offering Memorandum or
     the Final Offering Memorandum, the indemnity agreement contained in this
     Section 8(a) shall not inure to the benefit of the Initial Purchasers to
     the extent that such sale to the person asserting any such loss, claim,
     damage, liability or action was an initial resale by the Initial Purchasers
     and any such loss, claim, damage, liability or action of or with respect to
     the Initial Purchasers results from the fact that both (A) to the extent
     required by applicable law a copy of the Final Offering Memorandum or any
     correcting amendments or supplements thereto, as applicable, but excluding
     the documents incorporated by reference therein, was not sent or given to
     such person at or prior to the written confirmation of the sale of such
     Securities to such person and (B) the untrue statement in or omission from
     the Preliminary Offering Memorandum or the Final Offering Memorandum, was
     corrected in the Final Offering Memorandum or an amendment or supplement to
     the Final Offering Memorandum and the Final Offering Memorandum (as amended
     or supplemented) does not contain any other untrue statement or omission or
     alleged untrue statement or omission of a material fact unless, in either
     case, such failure to deliver the Final Offering Memorandum (as

<PAGE>
                                      -26-

     amended or supplemented) was a result of non-compliance by the Issuers with
     Section 4(b).

          (b) Each Initial Purchaser, severally and not jointly, shall indemnify
     and hold harmless the Issuers, their affiliates, their respective officers,
     directors, employees, representatives, partners and agents, and each
     person, if any, who controls the Issuers or any such affiliate within the
     meaning of the Securities Act or the Exchange Act (collectively referred to
     for purposes of this Section 8(b) and Section 9 as the Issuers), from and
     against any loss, claim, damage or liability, joint or several, or any
     action in respect thereof, to which the Issuers may become subject, whether
     commenced or threatened, under the Securities Act, the Exchange Act, any
     other federal or state statutory law or regulation, at common law or
     otherwise, insofar as such loss, claim, damage, liability or action arises
     out of, or is based upon, (i) any untrue statement or alleged untrue
     statement of a material fact contained in the Preliminary Offering
     Memorandum or the Final Offering Memorandum or in any amendment or
     supplement thereto or (ii) the omission or alleged omission to state
     therein a material fact necessary in order to make the statements therein,
     in the light of the circumstances under which they were made, not
     misleading, but in each of clause (i) and (ii) of this Section 8(b) only to
     the extent that the untrue statement or alleged untrue statement or
     omission or alleged omission was made in reliance upon and in conformity
     with any Initial Purchaser's Information provided by such Initial
     Purchaser, and shall reimburse the Issuers for any legal or other expenses
     reasonably incurred by the Issuers in connection with investigating or
     defending or preparing to defend against or appearing as a third party
     witness in connection with any such loss, claim, damage, liability or
     action as such expenses are incurred.

          (c) Promptly after receipt by an indemnified party under this Section
     8 of notice of any claim or the commencement of any action, the indemnified
     party shall, if a claim in respect thereof is to be made against the
     indemnifying party pursuant to Section 8(a) or 8(b), notify the
     indemnifying party in writing of such claim or the commencement of such
     action; provided, however, that the failure to notify the indemnifying
     party shall not relieve it from any liability which it may have under this
     Section 8 except to the extent that the indemnifying party was otherwise
     unaware of such claim or the commencement of such action and it has been
     materially prejudiced (through the forfeiture of substantive rights or
     defenses) by such failure; and, provided further, however, that the failure
     to notify the indemnifying party shall not relieve it from any liability
     which it may have to an indemnified party otherwise than under this Section
     8. If any such claim or action shall be brought against an indemnified
     party, and it shall notify the indemnifying party thereof, the indemnifying
     party shall be entitled to participate therein and, to the extent that it
     wishes, jointly with any other similarly notified indemnifying party, to
     assume the defense thereof with counsel reasonably satisfactory to the
     indemnified party. After notice from the indemnifying party to

<PAGE>
                                      -27-

     the indemnified party of its election to assume the defense of such claim
     or action, the indemnifying party shall not be liable to the indemnified
     party under this Section 8 for any legal or other expenses subsequently
     incurred by the indemnified party in connection with the defense thereof
     other than reasonable costs of investigation; provided, however, that an
     indemnified party shall have the right to employ its own counsel in any
     such action, but the fees, expenses and other charges of such counsel for
     the indemnified party will be at the expense of such indemnified party
     unless (1) the employment of counsel by the indemnified party has been
     authorized in writing by the indemnifying party, (2) the indemnified party
     has reasonably concluded (based upon advice of counsel to the indemnified
     party) that there may be legal defenses available to it or other
     indemnified parties that are different from or in addition to those
     available to the indemnifying party, (3) a conflict or potential conflict
     exists (based upon advice of counsel to the indemnified party) between the
     indemnified party and the indemnifying party (in which case the
     indemnifying party will not have the right to direct the defense of such
     action on behalf of the indemnified party) or (4) the indemnifying party
     has not in fact employed counsel reasonably satisfactory to the indemnified
     party to assume the defense of such action within a reasonable time after
     receiving notice of the commencement of the action, in each of which cases
     the reasonable fees, disbursements and other charges of counsel will be at
     the expense of the indemnifying party or parties. It is understood that the
     indemnifying party or parties shall not, in connection with any proceeding
     or related proceedings in the same jurisdiction, be liable for the
     reasonable fees, disbursements and other charges of more than one separate
     firm of attorneys (in addition to any local counsel) at any one time for
     all such indemnified party or parties. Each indemnified party, as a
     condition of the indemnity agreements contained in Sections 8(a) and 8(b),
     shall use all reasonable efforts to cooperate with the indemnifying party
     in the defense of any such action or claim. No indemnifying party shall be
     liable for any settlement of any such action effected without its written
     consent (which consent shall not be unreasonably withheld), but if settled
     with its written consent or if there be a final judgment for the plaintiff
     in any such action, the indemnifying party agrees to indemnify and hold
     harmless any indemnified party from and against any loss or liability by
     reason of such settlement or judgment. No indemnifying party shall, without
     the prior written consent of the indemnified party (which consent shall not
     be unreasonably withheld), effect any settlement of any pending or
     threatened proceeding in respect of which any indemnified party is or could
     have been a party and indemnity could have been sought hereunder by such
     indemnified party unless such settlement includes an unconditional release
     of such indemnified party in form and substance satisfactory to such
     indemnified party from all liability on claims that are the subject matter
     of such proceeding.

     The obligations of the Issuers and the Initial Purchasers in this Section 8
and in Section 9 are in addition to any other liability that the Issuers or the
Initial Purchasers, as the

<PAGE>
                                      -28-

case may be, may otherwise have, including in respect of any breaches of
representations, warranties and agreements made herein by any such party.

     9. Contribution. If the indemnification provided for in Section 8 is
unavailable or insufficient to hold harmless an indemnified party under Section
8(a) or 8(b), then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified
party as a result of such loss, claim, damage or liability, or action in respect
thereof, (i) in such proportion as shall be appropriate to reflect the relative
benefits received by the Issuers on the one hand and the Initial Purchasers on
the other from the offering of the Securities or (ii) if the allocation provided
by clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Issuers on the one hand and the Initial
Purchasers on the other with respect to the statements or omissions that
resulted in such loss, claim, damage or liability, or action in respect thereof,
as well as any other relevant equitable considerations. The relative benefits
received by the Issuers on the one hand and the Initial Purchasers on the other
with respect to such offering shall be deemed to be in the same proportion as
the total net proceeds from the offering of the Securities purchased under this
Agreement (before deducting expenses) received by or on behalf of the Issuers,
on the one hand, and the total discounts and commissions received by the Initial
Purchasers with respect to the Securities purchased under this Agreement, on the
other, bear to the total gross proceeds from the sale of the Securities under
this Agreement. The relative fault shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact relates to the
Issuers or information supplied by the Issuers on the one hand or to any Initial
Purchasers' Information on the other, the intent of the parties and their
relative knowledge, access to information and opportunity to correct or prevent
such untrue statement or omission. The Issuers and the Initial Purchasers agree
that it would not be just and equitable if contributions pursuant to this
Section 9 were to be determined by pro rata allocation or by any other method of
allocation that does not take into account the equitable considerations referred
to herein. The amount paid or payable by an indemnified party as a result of the
loss, claim, damage or liability, or action in respect thereof, referred to
above in this Section 9 shall be deemed to include, for purposes of this Section
9, any legal or other expenses reasonably incurred by such indemnified party in
connection with investigating, preparing to defend or defending any such action
or claim. Notwithstanding the provisions of this Section 9, no Initial Purchaser
shall be required to contribute any amount in excess of the amount by which the
total discounts and commissions received by such Initial Purchaser with respect
to the Securities purchased by it under this Agreement exceeds the amount of any
damages which such Initial Purchaser has otherwise paid or become liable to pay
by reason of any 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.

<PAGE>
                                      -29-

          10. Defaulting Initial Purchaser.

          (a) If, on the Closing Date, any Initial Purchaser defaults on its
     obligation to purchase the Securities that it has agreed to purchase
     hereunder, the non-defaulting Initial Purchaser may in its discretion
     arrange for the purchase of such Securities by other persons satisfactory
     to the Issuers on the terms contained in this Agreement. If, within 36
     hours after any such default by any Initial Purchaser, the non-defaulting
     Initial Purchaser does not arrange for the purchase of such Securities,
     then the Issuers shall be entitled to a further period of 36 hours within
     which to procure other persons reasonable satisfactory to the
     non-defaulting Initial Purchaser to purchase such Securities on such terms.
     If other persons become obligated or agree to purchase the Securities of a
     defaulting Initial Purchaser, either the non-defaulting Initial Purchaser
     or the Issuers may postpone the Closing Date for up to five full business
     days in order to effect any changes that in the opinion of counsel for the
     Issuers or counsel for the Initial Purchasers may be necessary in the Final
     Offering Memorandum or in any other document or arrangement, and the
     Issuers agree to promptly prepare any amendment or supplement to the Final
     Offering Memorandum that effects any such changes. As used in this
     Agreement, the term "Initial Purchaser" includes, for all purposes of this
     Agreement unless the context otherwise requires, any person not listed in
     Schedule 1 hereto that, pursuant to this Section 10, purchases Securities
     that a defaulting Initial Purchaser agreed but failed to purchase.

          (b) If, after giving effect to any arrangements for the purchase of
     the Securities of a defaulting Initial Purchaser by the non-defaulting
     Initial Purchaser and the Issuers as provided in paragraph (a) above, the
     aggregate principal amount of such Securities that remains unpurchased does
     not exceed one-eleventh of the aggregate principal amount of all the
     Securities, then the Issuers shall have the right to require the
     non-defaulting Initial Purchaser to purchase the principal amount of
     Securities that such Initial Purchaser agreed to purchase hereunder plus
     such Initial Purchaser's pro rata share (based on the principal amount of
     Securities that such Initial Purchaser agreed to purchase hereunder) of the
     Securities of such defaulting Initial Purchaser for which such arrangements
     have not been made.

          (c) If, after giving effect to any arrangements for the purchase of
     the Securities of a defaulting Initial Purchaser by the non-defaulting
     Initial Purchaser and the Issuers as provided in paragraph (a) above, the
     aggregate principal amount of such Securities that remains unpurchased
     exceeds one-eleventh of the aggregate principal amount of all the
     Securities, or if the Issuers shall not exercise the right described in
     paragraph (b) above, then this Agreement shall terminate without liability
     on the part of the non-defaulting Initial Purchaser. Any termination of
     this Agreement pursuant to this Section 10 shall be without liability on
     the part of the Issuers, except that the Issuers will continue to be liable
     for the payment of expenses as set forth in Section 12

<PAGE>
                                      -30-

     hereof and except that the provisions of Section 7 hereof shall not
     terminate and shall remain in effect.

          (d) Nothing contained herein shall relieve a defaulting Initial
     Purchaser of any liability it may have to the Issuers or the non-defaulting
     Initial Purchaser for damages caused by its default.

     11. Persons Entitled to Benefit of Agreement. This Agreement shall inure to
the benefit of and be binding upon the Initial Purchasers and the Issuers and
their respective successors. This Agreement and the terms and provisions hereof
are for the sole benefit of only those persons, except as provided in Sections 8
and 9 with respect to affiliates, officers, directors, employees,
representatives, partners, agents and controlling persons of the Issuers and the
Initial Purchasers and affiliates of the Initial Purchasers and in Section 4(e)
with respect to holders and prospective purchasers of the Securities. Nothing in
this Agreement is intended or shall be construed to give any person, other than
the persons referred to in this Section 11, any legal or equitable right, remedy
or claim under or in respect of this Agreement or any provision contained
herein.

     12. Expenses. Whether or not the transactions contemplated by this
Agreement are consummated or this Agreement is terminated, the Issuers agree
with the Initial Purchasers to pay (a) the costs incident to the authorization,
issuance, sale, preparation and delivery of the Securities and any taxes payable
in that connection; (b) the costs incident to the preparation, printing and
distribution of the Preliminary Offering Memorandum and the Final Offering
Memorandum and any amendments or supplements thereto; (c) the costs of
reproducing and distributing each of the Transaction Documents; (d) the costs
incident to the preparation, printing and delivery of the certificates
evidencing the Securities, including stamp duties and transfer taxes, if any,
payable upon issuance of the Securities; (e) the fees and expenses of the
Issuers' counsel and independent accountants; (f) the fees and expenses of
qualifying the Securities under the securities laws of the several jurisdictions
as provided in Section 4(g) and of preparing, printing and distributing Blue Sky
Memoranda (including related fees and expenses of one counsel for the Initial
Purchasers in an amount not to exceed $10,000); (g) any fees charged by rating
agencies for rating the Securities; (h) the fees and expenses of the Trustee and
any paying agent (including related fees and expenses of any counsel to such
parties); (i) all expenses and application fees incurred in connection with the
application for the inclusion of the Securities on the PORTAL Market and the
approval of the Securities for book-entry transfer by DTC; and (j) all other
costs and expenses incident to the performance of the obligations of the Issuers
under this Agreement which are not otherwise specifically provided for in this
Section 12; provided, however, that except as provided in this Section 12 and
Section 7, the Initial Purchasers shall pay their own costs and expenses
(including the costs and expenses of their counsel).

     13. Survival. The respective indemnities, rights of contribution,
representations, warranties and agreements of the Issuers and the Initial
Purchasers contained in this

<PAGE>
                                      -31-

Agreement or any certificates delivered pursuant hereto made by or on behalf of
the Issuers or the Initial Purchasers pursuant to this Agreement shall survive
the delivery of and payment for the Securities and shall remain in full force
and effect, regardless of any termination or cancellation of this Agreement or
any investigation made by or on behalf of any of them.

     14. Notices, etc. All statements, requests, notices and agreements
hereunder shall be in writing, and:

          (a) if to the Initial Purchasers, shall be delivered or sent by mail
     or telecopy transmission to the Initial Purchasers c/o J.P. Morgan
     Securities Inc., 270 Park Avenue, New York, New York 10017, Attention:
     James P. Casey (telecopier no.: (212) 270-1063); or

          (b) if to the Issuers, shall be delivered or sent by mail or telecopy
     transmission to the address of the Issuers at Activant Solutions Inc., 804
     Las Cimas Parkway, Austin, Texas 78746, Attention: Greg Petersen
     (telecopier no: (512) 330-9273), with a copy to Hicks, Muse, Tate & Furst
     Incorporated, 200 Crescent Court, Suite 1600, Dallas, Texas 75201,
     Attention: Peter Brodsky (telecopier no: (214) 740-7888);

Any such statements, requests, notices or agreements shall take effect at the
time of receipt thereof. The Issuers shall be entitled to act and rely upon any
request, consent, notice or agreement given or made by the Initial Purchasers.

     15. Definition of Terms. For purposes of this Agreement, (a) the term
"business day" means any day on which the New York Stock Exchange, Inc. is open
for trading, (b) the term "subsidiary" has the meaning set forth in Rule 405
under the Securities Act and (c) except where otherwise expressly provided, the
term "affiliate" has the meaning set forth in Rule 405 under the Securities Act.

     16. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without regard to the
conflicts of law provisions thereof to the extent the application of the laws of
another jurisdiction would be required thereby.

     17. Counterparts. This Agreement may be executed in one or more
counterparts (which may include counterparts delivered by telecopier) and, if
executed in more than one counterpart, the executed counterparts shall each be
deemed to be an original, but all such counterparts shall together constitute
one and the same instrument.

     18. Amendments. No amendment or waiver of any provision of this Agreement,
nor any consent or approval to any departure therefrom, shall in any event be
effective unless the same shall be in writing and signed by the parties hereto.

<PAGE>
                                      -32-

     19. Headings. The headings herein are inserted for convenience of reference
only and are not intended to be part of, or to affect the meaning or
interpretation of, this Agreement.

                  [Remainder of page intentionally left blank]

<PAGE>

                                       S-1

     If the foregoing is in accordance with your understanding of our agreement,
kindly sign and return to us a counterpart hereof, whereupon this instrument
will become a binding agreement between the Issuers and the Initial Purchasers
in accordance with its terms.

                                             Very truly yours,

                                             ACTIVANT SOLUTIONS INC.

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

                                             TRIAD SYSTEMS FINANCIAL CORPORATION
                                             TRIAD DATA CORPORATION
                                             CCI/TRIAD GEM, INC.
                                             TRIAD SYSTEMS CORPORATION
                                             CCI/ARD, INC.

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

<PAGE>

                                      S-2

Accepted by:

J.P. MORGAN SECURITIES INC.

     for itself and on behalf of the several
     Initial Purchasers listed on Schedule I hereto

By:
    ---------------------------------------
            Authorized Signatory

<PAGE>

                                                                      SCHEDULE I

<TABLE>
<CAPTION>
                                                    Aggregate Principal Interest
     Initial Purchaser                             of Securities to be Purchased
     -----------------                             -----------------------------
<S>                                            <C>
     J.P. Morgan Securities Inc.                           $ 60,000,000
     Deutsche Bank Securities Inc.                         $ 60,000,000
                                                           ------------

     Total                                                 $120,000,000

</Table>

<PAGE>

                                                                     SCHEDULE II

Guarantors
-----------------------------------------------------------

Triad Systems Financial Corporation (CA)
Triad Data Corporation (CA)
CCI/Triad GEM, Inc. (TX)
Triad Systems Corporation (DE)
CCI/ARD, Inc. (DE)

<PAGE>

                                                                    SCHEDULE III

Applicable Jurisdiction for Good Standing Certificates
-----------------------------------------------------------

Illinois
North Carolina
California
Texas
Florida
New York
Minnesota
Pennsylvania
Ohio

<PAGE>
                                                                         ANNEX A

                     [Form of Registration Rights Agreement]

                                 [See attached]

<PAGE>

                                                                         ANNEX B

                 [Form of Opinion of Weil, Gotshal & Manges LLP]

                                 [See attached]

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