Document:

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                                                                     EXHIBIT 4.1

                               [FACE OF SECURITY]

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A
NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND
ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES,

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN ARTICLE TWO OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

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THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS. THE HOLDER HEREOF,
BY PURCHASING THIS SECURITY, AGREES FOR THE BENEFIT OF RPM INTERNATIONAL INC.
THAT THIS SECURITY MAY NOT BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
PRIOR TO THE LATER OF (X) THE EXPIRATION OF THE HOLDING PERIOD APPLICABLE TO
SALES OF THE SECURITY EVIDENCED HEREBY UNDER RULE 144(K) UNDER THE SECURITIES
ACT (OR ANY SUCCESSOR PROVISION) OR (Y) THREE MONTHS AFTER SUCH HOLDER CEASES TO
BE AN "AFFILIATE" (WITHIN THE MEANING OF RULE 144 UNDER THE SECURITIES ACT) OF
RPM INTERNATIONAL INC., OTHER THAN (1) TO RPM INTERNATIONAL INC., (2) SO LONG AS
THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES
ACT ("RULE 144A") TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A, WHO PURCHASES THIS SECURITY
FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A
TRANSACTION MEETING THE REQUIREMENTS FOR RULE 144A, (3) IN AN OFFSHORE
TRANSACTION (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) IN ACCORDANCE
WITH REGULATION S UNDER THE SECURITIES ACT (4) PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 (IF AVAILABLE) UNDER
THE SECURITIES ACT OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES AND OTHER JURISDICTIONS. THE HOLDER
HEREOF, BY PURCHASING THIS SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT OF
RPM INTERNATIONAL INC. THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER OR (2) NOT
A U.S. PERSON AND IS OUTSIDE THE UNITED STATES WITHIN THE MEANING OF (OR AN
ACCOUNT SATISFYING THE REQUIREMENTS OF PARAGRAPH (k) (2) OF RULE 902 UNDER)
REGULATION S UNDER THE SECURITIES ACT. IN ANY CASE THE HOLDER HEREOF WILL NOT,
DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING TRANSACTION WITH REGARD TO THIS
SECURITY EXCEPT AS PERMITTED BY THE SECURITIES ACT.

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                             RPM INTERNATIONAL INC.
                           6.25% SENIOR NOTES DUE 2013

No. R-1                                                   CUSIP: 749685AL7
Issue Date: December 9, 2003                              ISIN: US749685AL74
Issue Price: $993.17 (for each $1,000 Principal Amount)

         RPM INTERNATIONAL INC. promises to pay to CEDE & CO. or registered
assigns, the principal sum of TWO HUNDRED MILLION DOLLARS ($200,000,000) on
December 15, 2013, and to pay interest thereon, as provided on the reverse
hereof, until the principal and any unpaid and accrued interest is paid or duly
provided for.

         Interest Payment Dates: June 15 and December 15, commencing June 15,
2004

         Regular Record Dates: June 1 and December 1

         The provisions on the back of this certificate are incorporated as if
set forth on the face hereof.

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         IN WITNESS WHEREOF, the Company has caused this Note to be duly
executed.

                                         RPM INTERNATIONAL INC.

                                         By:_______________________________
                                            Name:
                                            Title:

                                         By:_______________________________
                                            Name:
                                            Title:

Dated:

TRUSTEE'S CERTIFICATE OF AUTHENTICATION

THE BANK OF NEW YORK,
as Trustee, certifies that this is one of the Securities referred
to in the within-mentioned Indenture.

By: __________________________________
           Authorized Signatory

                                        4

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                              [REVERSE OF SECURITY]

                           6.25% SENIOR NOTES DUE 2013

1.       Interest.

         RPM International Inc., a Delaware corporation (the "Company"),
promises to pay interest on the Principal Amount of this Security at the rate
per annum shown above. The Company will pay interest (and Additional Interest,
if any) semi-annually in arrears on June 15 and December 15 of each year,
beginning June 15, 2004. Interest on the Securities will accrue from the most
recent Interest Payment Date to which interest has been paid or, if no interest
has been paid, from the Issue Date of this Security. Interest (and any
Additional Interest and Defaulted Interest, if any) will be computed on the
basis of a 360-day year composed of twelve 30-day months. The Company will pay
interest (and Additional Interest, if any) on the Securities (except Defaulted
Interest) to the person in whose name the Securities are registered at the close
of business on the June 1 or December 1 (each, a "Regular Record Date")
immediately preceding the relevant Interest Payment Date.

2.       Method of Payment.

         The Holder must surrender the Securities to a Paying Agent to collect
principal payments on the Securities. The Company will pay the principal and
interest (including Additional Interest and Defaulted Interest, if any, and the
Redemption Price, if applicable) on the Securities at the office or agency of
the Company maintained for such purpose, in money of the United States that at
the time of payment is legal tender for payment of public and private debts.
Until otherwise designated by the Company, the Company's office or agency
maintained for such purpose will be the Corporate Trust Office of the Trustee.

         In the case of a permanent Global Security, the Principal Amount of and
interest (including Additional Interest and Defaulted Interest), if any, on any
applicable payment date shall be paid by wire transfer in immediately available
funds in accordance with the written wire transfer instruction supplied by the
Holder from time to time to the Trustee and Paying Agent (if other than the
Trustee) at least two Business Days prior to the applicable Regular Record Date;
provided that any payment to the Depositary, with respect to that portion of
such permanent Global Security held for its account by Cede & Co. for the
purpose of permitting such party to credit the interest received by it in
respect of such permanent Global Security to the accounts of the beneficial
owners thereof, shall be paid by wire transfer in immediately available funds in
accordance with the wire transfer instruction supplied by the Depositary or its
nominee from time to time to the Trustee and Paying Agent (if other than the
Trustee). In the case of a Certificated Security, interest on any applicable
payment date will be paid by wire transfer of immediately available funds to the
accounts specified by the Holders thereof located in the United States if the
Trustee shall have received proper wire transfer instructions from such payee
not later than the related Regular Record Date or, if no account is specified,
by mailing a check to that Holder's registered address as reflected on the
register maintained by the Registrar.

3.       Paying Agent and Registrar.

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         Initially, The Bank of New York, a New York banking corporation (the
"Trustee"), will act as Paying Agent and Registrar. The Company may appoint and
change any Paying Agent, Registrar or co-registrar without notice, other than
notice to the Trustee except that the Company will maintain at least one Paying
Agent in the State of New York, City of New York, Borough of Manhattan, which
shall initially be an office or agency of the Trustee. The Company or any of its
Subsidiaries or any of their Affiliates may act as Paying Agent, Registrar or
co-registrar.

4.       Indenture.

         The Company issued the Securities pursuant to an Indenture dated as of
December 9, 2003 (the "Indenture") between the Company and the Trustee. The
terms of the Securities include those stated in the Indenture and those made
part of the Indenture by reference to the Trust Indenture Act of 1939, as in
effect from time to time (the "TIA"). The Securities are subject to all such
terms, which terms hereby are expressly incorporated by reference into this
Note, and Holders are referred to the Indenture and the TIA for a statement of
those terms.

         The Securities are general unsecured and unsubordinated obligations, of
the Company, unlimited as to Principal Amount, subject to the provisions of the
Indenture.

         Capitalized terms used herein and not defined herein have the meanings
ascribed thereto in the Indenture.

5.       Redemption at the Option of the Company.

         The Company may redeem the Securities for cash, in whole at any time or
in part from time to time, at any time prior to their Stated Maturity, at the
redemption price (the "Redemption Price") equal to the greater of:

                  (i)      100% of the Principal Amount of the Securities being
                           redeemed;

                  (ii)     the Make-Whole Amount for the Securities being
                           redeemed,

plus, in each case, accrued and unpaid interest on such Securities to, but
excluding, the Redemption Date. The Company will, however, pay the interest
installment due on any Interest Payment Date that occurs on or before a
Redemption Date to the Holders as of the close of business on the Regular Record
Date immediately preceding that Interest Payment Date.

6.       Notice of Redemption.

         In the event that the Company elects to redeem only a portion of the
Securities, the Securities to be redeemed shall be selected in accordance with
procedures of the Depositary, in the case of Global Securities, or by the
Trustee by such method as the Trustee deems to be fair and appropriate, in the
case of Securities held other than in the form of Global Securities, so long as
such method is not prohibited by the rules of any stock exchange on which the
Securities are then listed. Securities may be redeemed in part but only in
integral multiples of $1,000 of Principal Amount thereof.

                                        6

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         The Company shall give written notice of its intent to redeem the
Securities by first-class mail at least 30 days, but no more than 60 days, prior
to the applicable Redemption Date to Holders of Securities to be redeemed at
their addresses as set forth in the register for the Securities maintained by
the Registrar.

7.       Sinking Fund.

         No sinking fund is provided for the Securities.

8.       Defaulted Interest.

         Except as otherwise specified with respect to the Securities, any
Defaulted Interest on any Security shall forthwith cease to be payable to the
registered Holder thereof on the relevant Regular Record Date or accrual date,
as the case may be, and such Defaulted Interest shall be paid by the Company as
provided for in Section 10.02 of the Indenture.

9.       Denominations; Transfer; Exchange.

         The Securities are in fully registered form, without coupons, in
denominations of $1,000 of Principal Amount and integral multiples of $1,000.
The transfer of Securities may be registered and Securities may be exchanged as
provided in the Indenture. As a condition of transfer, the Registrar and the
Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents, and the Company and the Registrar may
require a Holder to pay any taxes and fees permitted by the Indenture.

         The Company shall not be required to make, and the Registrar need not
register, transfers or exchanges of Securities selected for redemption (except,
in the case of Securities to be redeemed in part, the portion thereof not to be
redeemed) or any Securities for a period of 15 days before the mailing of a
notice of redemption of Securities to be redeemed pursuant to Article 3 of the
Indenture.

10.      Persons Deemed Owners.

         The registered Holder of this Security may be treated as the owner of
this Security for all purposes.

11.      Unclaimed Money.

         The Trustee and the Paying Agent shall return to the Company upon
written request any money or securities held by them for the payment of any
amount with respect to the Securities that remains unclaimed for two years,
subject to applicable unclaimed property law. After return to the Company,
Holders entitled to the money or securities must look to the Company for payment
as general creditors unless an applicable abandoned property law designates
another person and the Trustee and the Paying Agent shall have no further
liability to the Holders with respect to such money or securities for that
period commencing after the return thereof.

                                        7

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12.      Amendment; Waiver.

         Subject to certain exceptions set forth in the Indenture, (a) the
Indenture or the Securities may be amended with the written consent of the
Holders of at least a majority in aggregate Principal Amount of the Securities
at the time outstanding and (b) certain Defaults may be waived with the written
consent of the Holders of a majority in aggregate Principal Amount of the
Securities at the time outstanding.

         Subject to certain exceptions set forth in the Indenture, without the
consent of any Holder, the Company and the Trustee may amend the Indenture or
the Securities (a) to cure any ambiguity, defect or inconsistency, or make any
other changes in the provisions of the Indenture which the Company and the
Trustee may deem necessary or desirable; provided that such amendment does not
materially and adversely affect rights of the Holders under the Indenture; (b)
to comply with Article 5 of the Indenture; (c) to evidence and provide for the
acceptance of appointment of a successor Trustee; (d) to make any change that
would provide for additional rights or benefits to the Holders or that does not
adversely affect the legal rights under the Indenture of any Holder; (e) to
comply with the requirements of the Commission in order to effect or maintain
the qualification of the Indenture under the TIA; (f) modify the restrictions
on, and procedures for, resale and other transfers of securities pursuant to
law, regulation or practice relating to the resale or transfer of restricted
securities generally; or (g) to make any change that does not adversely affect
the rights of any Holders under the Indenture.

13.      Defaults and Remedies.

         Under the Indenture, Events of Default include: (a) defaults in the
payment of the Principal Amount of or premium on any Security when the same
becomes due and payable at its Stated Maturity, upon redemption, upon
declaration or otherwise; (b) defaults in payment of any interest (including
Additional Interest and Defaulted Interest, if any) when the same becomes due
and payable, which default continues for 30 days or more; (c) failure by the
Company to comply with any of its agreements in the Security or the Indenture
(other than those referred to in clauses (a) and (b) above) and such failure
continues for at least 60 days after receipt by the Company of a Notice of
Default; (d)(i) defaults by the Company or its Subsidiary in the scheduled
payment of principal of any Indebtedness (after giving effect to any applicable
grace period) and the aggregate principal amount of such payment defaults at
such time exceeds $50,000,000, or (ii) defaults by the Company or any Subsidiary
under any Indebtedness, whether such Indebtedness now exists or is created
later, which default results in such Indebtedness being accelerated or declared
due and payable, and the aggregate principal amount of all Indebtedness so
accelerated or so declared due and payable, exceeds $50,000,000, and such
acceleration or declaration has not been rescinded or annulled within a period
of 10 days after receipt by the Company of a Notice of Default from the Trustee;
(e) the rendering of any final judgment or order for the payment of money in
excess of $50,000,000, either individually or in the aggregate (net of any
amounts to the extent that they are covered by insurance), against the Company
or any of its Subsidiaries and which shall not have been paid or discharged, and
there shall be any period of 60 consecutive days following the entry of the
final judgment or order that causes the aggregate amount for all such final
judgments or orders outstanding and not paid or discharged against the Company
or any of its Subsidiaries to exceed $50,000,000 during which a stay of
enforcement

                                        8

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of such final judgment or order, by reason of a pending appeal or otherwise,
shall not be in effect; and (f) certain events of bankruptcy, insolvency or
reorganization involving the Company.

         As set forth in the Indenture, a Default under clause (c) or (d)(ii) of
this paragraph 13 is not an Event of Default until the Trustee notifies the
Company, or the Holders of at least 25% in aggregate Principal Amount of the
Securities at the time outstanding notify the Company and the Trustee, of the
Default and the Company does not cure such Default (and such Default is not
waived) within the time specified in clause (c) or (d)(ii) above after actual
receipt of such notice. Any such notice must specify the Default, demand that it
be remedied and state that such notice is a "Notice of Default".

         If an Event of Default occurs and is continuing, the Trustee by written
notice to the Company, or the Holders of at least 25% in aggregate Principal
Amount of the Securities at the time outstanding by notice to the Company and
the Trustee, may declare the Principal Amount of the Securities and any accrued
and unpaid interest (including Additional Interest and Defaulted Interest, if
any) and premium, if any, through the date of declaration on all the Securities
to be immediately due and payable. Upon such a declaration, such Principal
Amount and such accrued and unpaid interest (including Additional Interest and
Defaulted Interest, if any) and premium, if any, shall be due and payable
immediately. Certain events of bankruptcy or insolvency are Events of Default
that would result in the Principal Amount of the Securities and any accrued and
unpaid interest on all the Securities (including Additional Interest and
Defaulted Interest, if any) and premium, if any, to become immediately due and
payable without any declaration or other act on the part of the Trustee or any
Holders. The Holders of a majority in aggregate Principal Amount of the
Securities at the time outstanding, by notice to the Trustee (and without notice
to any other Holder) may rescind an acceleration and its consequences if the
rescission would not conflict with any judgment or decree and if all existing
Events of Default have been cured or waived, other than the non-payment of the
Principal Amount of the Securities and any accrued and unpaid interest that have
become due solely as a result of acceleration, and if all amounts due to the
Trustee under Section 7.07 of the Indenture have been paid. No such rescission
shall affect any subsequent Default or impair any right consequent thereto.

         Holders may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives indemnity or security reasonably satisfactory
to it. Subject to certain limitations, Holders of a majority in aggregate
Principal Amount of the Securities at the time outstanding may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from
Holders notice of any continuing Default (except a Default in payment of amounts
specified in this clause 13(a) or 13(b) above) if it determines that withholding
notice is in their interests.

14.      Trustee Dealings with the Company.

         Subject to certain limitations imposed by the TIA, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

                                        9

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15.      No Recourse Against Others.

         A director, officer, employee, agent, representative, stockholder or
equity holder, as such, of the Company shall not have any liability for any
obligations of the Company under the Securities or the Indenture or for any
claim based on, in respect of or by reason of such obligations or their
creation. By accepting a Security, each Holder waives and releases all such
liability. The waiver and release are part of the consideration for the issue of
the Securities.

16.      Authentication.

         This Security shall not be valid until an authorized signatory of the
Trustee manually signs the Trustee's Certificate of Authentication on the other
side of this Security.

17.      Abbreviations.

         Customary abbreviations may be used in the name of a Holder or an
assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with right of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

18.      GOVERNING LAW.

         THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS
OF LAWS PRINCIPLES THEREOF.

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

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                  The Company will furnish to any Holder upon written request
and without charge a copy of the Indenture. Requests may be made to:

                  RPM International Inc.
                  P.O. Box 777
                  2628 Pearl Road
                  Medina, Ohio 44528
                  Attention:  General Counsel

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                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to:

________________________________________________________________________________
(Insert assignee's soc. sec. or tax ID no.)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(Print or type assignee's name, address and zip code)

and irrevocably appoint

___________________________________________ as agent to transfer this Security
on the books of the Company. The agent may substitute another to act for him.

________________________________________________________________________________

Date: _____________________

Your Signature:

________________________________________________________________________________
     (Sign exactly as your name appears on the other side of this Security)

                                       12Exhibit 10.1

                        ADMINISTRATIVE SERVICES AGREEMENT

     This Administrative Services Agreement (the "Agreement"), dated as of
December 20, 2002, by and between Laid Back Enterprises, Inc., an Oklahoma
corporation ("Laid Back") and LBE Transition, Inc., an Oklahoma corporation
("LBE") which as of the date of this agreement is a wholly owned subsidiary of
Laid Back.

                                    RECITALS:

     Laid Back desires to separate its businesses into independent companies.
Laid Back intends to split-off (the "Split-off") to certain of its shareholders
all of the outstanding capital stock of LBE at the date and time of such
Split-off (the "Split-off Date") in exchange for all or a portion of said
shareholders' shares in Laid Back, thereby terminating the parent-subsidiary
relationship that has existed between the two companies.

     The parties recognize that it will be necessary or advisable for each of
them to provide certain administrative and other services to the other on an
interim basis in order to facilitate their respective transitions into separate,
publicly owned companies.

     Therefore, in consideration of the mutual covenants and subject to the
terms and conditions contained herein, the parties agree as follows:

     1.   Performance of Services.

          (a) During such period as may be agreed to by the parties, LBE shall
     serve as the transfer agent for the common stock of Laid Back until an
     independent transfer agent is appointed.

          (b) To the extent necessary personnel and facilities are employed by
     and available to Laid Back and LBE, each of them agrees, from and after the
     Split-off date and for a transition period of up to three years following
     the Split-off date, to provide the other on an "as needed" basis with the
     following services:

               (1) Tax consultation and assistance with tax return preparation
          and audits. Any taxes due shall be paid in accordance with that Tax
          Sharing Agreement of even date herewith between the parties;

               (2) Assistance with the preparation of (i) periodic filings under
          the Securities Exchange Act of 1934 or with the National Association
          of Securities Dealers, Inc., (ii) reports to stockholders, and (iii)
          other external financial reports;

               (3) Design and implementation of internal audit procedures;

               (4) Coordination of independent audits by nonaffiliated auditors;

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Administrative Services Agreement                                    Page 1 of 5

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               (5) Consultation on cash management, financing and other treasury
          matters;

               (6) Insurance and risk management services involving
          administration, placement of insurance, and broker selection for past
          and future insurance and risk management programs; and

               (7) Such other services as may be mutually agreed upon between
          the parties.

          (c) Each party shall use its respective best efforts in providing the
     above services and, except for gross negligence or willful misconduct,
     shall not be responsible for the accuracy, completeness or timeliness of
     any advice or service or any return, report, filing or other document which
     it provides, prepares or assists in preparing. Notwithstanding the
     foregoing, neither party shall be obligated to provide the above services
     if that party determines in its reasonable judgment that providing such
     services would unreasonably interfere with the conduct of its own business
     activities. The parties shall cooperate in planning the scope and timing of
     services to be provided by each of them under this agreement so as to
     lessen or eliminate any such interference.

     2. Reimbursement. The parties agree to reimburse each other for services
rendered in accordance with an hourly fee schedule to be agreed upon from time
to time by the parties. The hourly fee schedule may provide different rates for
different categories of personnel. In addition, each party agrees to reimburse
the other for all out-of-pocket expenses incurred by the providing party in
connection with performing such services. The parties shall, on a periodic basis
to be agreed upon, but not less frequently than quarterly, submit to and
exchange with each other their respective statements of fees and expenses for
payment, accompanied by such supporting detail as the recipient of the statement
may reasonably request. Only the amount owed to one party for any period in
excess of the amount owed by that party for the same period need be paid.
Payment shall be due 30 days after date of the statement.

     3. Staffing Plans. Nothing contained in this Agreement shall preclude
either party from obtaining the above services from other providers. During the
term of this Agreement, each party shall use reasonable efforts to hire or train
personnel and, in its discretion, establish consulting relationships with third
parties, so that each party will, with the passage of time, increasingly be able
to perform or have performed all of the above services for itself. Each party
shall keep the other generally informed of its plans in this regard in order for
the other party to make any appropriate adjustments in its staffing and hiring
plans.

     4. Delivery of Records. As soon as is practicable after the Split-off date,
each party shall deliver to the other the originals of all certificates of
incorporation, bylaws, licenses, certificates, board of directors' meeting
minutes, stock certificates of their respective subsidiaries and all other
corporate records, documents and instruments of a permanent nature pertaining to
the other party which either of them may have in their possession in the
condition and order in which they then exist. Each party shall be permitted to
retain copies of such documents.

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Administrative Services Agreement                                    Page 2 of 5

<PAGE>

     5. Access to Properties and Records. Each party will provide the other, and
each of their respective officers, employees, representatives and agents full
access, during normal business hours, to any and all premises, properties,
books, records, data and other information relating to their respective
businesses, as well as to their respective employees, representatives and
agents, to acquire information for:

          (a) The formulation and completion of: (a) any tax returns or other
     forms or reports required to be filed by either party with any governmental
     agency; (b) any amended tax returns or requests for tax refunds; and (c)
     any tax audits or investigations;

          (b) The preparation and completion of any financial statements which
     require the inclusion of the other party's financial information;

          (c) All insurance and bond matters;

          (d) The defense or prosecution of any claims, lawsuits or proceedings,
     if any, in which either party as a separate corporation has liability or
     rights, contingent or otherwise; and

          (e) Such other purposes as may be required, provided such purposes
     shall be attributable to the corporate relationship that formerly existed
     between Laid Back and LBE, or for purposes related to the services provided
     pursuant to this Agreement or any other agreement entered into between Laid
     Back and LBE in connection with the Split-off.

     6. Records Retention. Each party shall retain all books, records, data and
other information relating to its business and operations for the longer of:

          (a) Seven years;

          (b) The time that party normally keeps its records based upon its past
     custom and practice; or

          (c) The time necessary to resolve any tax issue, claim, lawsuit,
     action or proceeding that is pending at the time such records would
     otherwise be destroyed, taking into account any statutes of limitation
     which may have been waived.

Each party shall annually provide the other with a list, prepared in reasonable
detail, of books, records, data and other information scheduled for destruction
in the ordinary course, provided that it shall not be necessary to include on
the list any records which would clearly have no relevance to the other party.
At the recipient's request, the other party shall retain any records so
designated for an additional 12 months, at which time such records may again be
listed as scheduled for destruction.

     7. Amendments. This Agreement may not be amended or revised except by a
written instrument signed by both parties to this Agreement.

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Administrative Services Agreement                                    Page 3 of 5

<PAGE>

     8. Waivers. The failure of any party to this Agreement at any time to
require strict performance by the other party to this Agreement of any provision
of this Agreement shall not waive or diminish such party's right to later demand
strict performance of that or any other provision of this Agreement.

     9. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Oklahoma.

     10. Notices. All notices and other communications shall be in writing and
shall be delivered by hand or mailed by registered or certified mail (return
receipt requested) to the parties at the following addresses (or such other
addresses for a party as shall be specified by like notices) and shall be deemed
given on the date on which such notice is received:

        To Laid Back:         4020 Will Rogers Parkway, Suite 300
                              Oklahoma City, Oklahoma 73108
                              Attn: Ronald Hurt

        To LBE:               4020 Will Rogers Parkway, Suite 700
                              Oklahoma City, Oklahoma 73108
                              Attn: Max Colclasure

     11. No Third Party Beneficiaries. This Agreement is solely for the benefit
of the parties to it and their respective affiliates and should not be deemed to
confer upon third parties any remedy, claim, reimbursement, cause of action or
other right in excess of those existing without reference to this Agreement.

     12. Successors and Assigns. This Agreement and the obligations and rights
incident hereto shall inure to the benefit of the successors and permitted
assigns of the parties to this Agreement.

     13. Relationship of Parties. Nothing contained in this Agreement shall be
deemed to constitute the appointment of either party as the agent of the other.

                                  * * * * * * *

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

Administrative Services Agreement                                    Page 4 of 5

<PAGE>

     In witness, the parties have executed this agreement as of the date first
above written.

"Laid Back"                             Laid Back Enterprises, Inc., an Oklahoma
                                        corporation

                                        By:  /s/  Ronald Hurt
                                           ------------------------------------
                                                  Ronald Hurt,
                                                  Executive Vice President

"LBE"                                   LBE Transition, Inc., an Oklahoma corpo-
                                        ration

                                        By:  /s/  Max Colclasure
                                           ------------------------------------
                                                  Max Colclasure, President

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

Administrative Services Agreement                                    Page 5 of 5

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