Document:

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                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

                   AMENDED & RESTATED STOCK PURCHASE AGREEMENT

                                     BETWEEN

                  FIDELITY NATIONAL INFORMATION SERVICES, INC.,

                        FIDELITY NATIONAL FINANCIAL, INC.

                                       AND

                           THE PURCHASERS NAMED HEREIN

                            DATED AS OF MARCH 8, 2005

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                            TABLE OF CONTENTS

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ARTICLE I         DEFINITIONS..............................................     3

      1.1         Certain Definitions......................................     3

      1.2         Construction.............................................    11

ARTICLE II        PURCHASE OF SHARES.......................................    11

      2.1         Purchase and Sale of the Shares..........................    12

      2.2         Closing Date.............................................    12

      2.3         Proceedings at Closing...................................    12

      2.4         Use of Proceeds..........................................    12

ARTICLE III       REPRESENTATIONS AND WARRANTIES OF PARENT.................    13

      3.1         Organization and Power...................................    13

      3.2         Authorization............................................    13

      3.3         Consents and Approvals...................................    13

      3.4         No Conflicts.............................................    14

      3.5         Broker's Fees............................................    14

      3.6         Capitalization...........................................    14

      3.7         Subsidiaries and Equity Investments; Joint Ventures......    15

      3.8         Authorization of Securities..............................    16

      3.9         Investment Company Act...................................    16

      3.10        Financial Statements.....................................    16

      3.11        Absence of Undisclosed Liabilities, Indebtedness.........    16

      3.12        Absence of Certain Changes...............................    17

      3.13        Litigation; Orders.......................................    17

      3.14        Compliance with Laws.....................................    17

      3.15        Permits..................................................    17

      3.16        Contracts................................................    18

      3.17        Intellectual Property....................................    18

      3.18        Affiliate Transactions...................................    20

      3.19        Assets and Properties....................................    20

      3.20        Insurance................................................    21
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                                TABLE OF CONTENTS
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      3.21        Tax Matters..............................................    21

      3.22        Employee Benefit Plans...................................    23

      3.23        Labor and Employment Matters.............................    27

      3.24        Real Property............................................    28

      3.25        Environmental Matters....................................    28

      3.26        Material Customers.......................................    29

      3.27        Corporate Records........................................    30

ARTICLE IV        REPRESENTATIONS AND WARRANTIES OF PURCHASERS.............    30

      4.1         Organization.............................................    30

      4.2         Authorization............................................    30

      4.3         Consents and Approvals...................................    31

      4.4         No Conflicts.............................................    31

      4.5         Brokers' Fees............................................    31

      4.6         Securities Law Matters; Valid Offering...................    31

      4.7         Sufficiency of Funds.....................................    31

ARTICLE V         COVENANTS................................................    31

      5.1         Access to Information....................................    32

      5.2         Conduct of the Business..................................    32

      5.3         Intercompany Agreements..................................    35

      5.4         All Reasonable Efforts; Further Assurances...............    36

      5.5         Approvals................................................    36

      5.6         Public Announcements.....................................    37

      5.7         Notification.............................................    37

      5.8         Exclusivity..............................................    38

      5.9         Confidentiality..........................................    38

      5.10        Transfer Taxes...........................................    38

      5.11        Financial Statements.....................................    38

      5.12        Non-Competition Agreements...............................    39

      5.13        New York State Title Insurance Subsidiary................    39
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      5.14        Certain Business in Certain Counties.....................    40

ARTICLE VI        CONDITIONS PRECEDENT TO CLOSING..........................    40

      6.1         Conditions Precedent to the Company's Obligations........    40

      6.2         Conditions Precedent to Purchasers' Obligations..........    42

ARTICLE VII       CLOSING DELIVERIES.......................................    45

      7.1         Items to Be Delivered by the Company.....................    45

      7.2         Items to Be Delivered by Purchasers......................    46

ARTICLE VIII      SURVIVAL AND INDEMNIFICATION.............................    46

      8.1         Survival of Representations, Warranties, and Covenants...    46

      8.2         Indemnification..........................................    46

      8.3         Deductible; Maximum Liability............................    48

      8.4         Definitions..............................................    49

      8.5         Procedures for Third-Party Claims........................    49

      8.6         Direct Claims............................................    50

      8.7         Sole Remedy..............................................    51

      8.8         Certain Other Matters....................................    51

ARTICLE IX        TERMINATION..............................................    51

      9.1         Termination..............................................    51

      9.2         Effect of Termination....................................    52

ARTICLE X         MISCELLANEOUS............................................    52

      10.1        Amendments...............................................    52

      10.2        Assignment...............................................    52

      10.3        Binding Effect...........................................    53

      10.4        Counterparts.............................................    53

      10.5        Entire Agreement.........................................    53

      10.6        Fees and Expenses........................................    53

      10.7        Governing Law............................................    54

      10.8        Headings.................................................    54

      10.9        Jurisdiction.............................................    54
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10.10       Notices..................................................    54

10.11       No Recourse..............................................    56

10.12       Severability.............................................    56

10.13       Specific Performance.....................................    56

10.14       Third-Party Beneficiaries................................    56

10.15       Waiver...................................................    56

10.16       Purchaser Obligations....................................    57
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SCHEDULES

A     Allocation of Purchase Price and Shares

EXHIBITS

A     Non-Competition and Non-Solicitation Agreement
B     Registration Rights Agreement
C     2005 Stock Incentive Plan
D     Stockholders Agreement
E     Financing Term Sheet
F     Management Agreements
G     Intentionally Left Blank
H     Form of Director Indemnification Agreement
I     Promissory Note

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                   AMENDED & RESTATED STOCK PURCHASE AGREEMENT

      THIS AMENDED & RESTATED STOCK PURCHASE AGREEMENT (this "Agreement") is
entered into as of March 8, 2005, among Fidelity National Information Services,
Inc., a Delaware corporation (the "Company"), Fidelity National Financial, Inc.,
a Delaware corporation ("Parent"), and each of the Persons listed on Schedule A
attached hereto (collectively, the "Purchasers").

      WHEREAS, certain of the parties hereto entered into that certain Stock
Purchase Agreement, dated as of December 23, 2004 (the "Initial Agreement");

      WHEREAS, the parties hereto desire to amend and restate the initial
Purchase Agreement in order to add (i) Evercore METC Capital Partners II L.P.
("Evercore"), and (ii) Banc of America Capital Investors, L.P. ("BACI") as
Purchasers, and to make certain other changes;

      WHEREAS, on the terms and subject to the conditions set forth herein, the
Company desires to issue and sell to each Purchaser, and each such Purchaser
desires to purchase and acquire from the Company, that number of shares of
common stock, par value $0.0001 per share ("Common Stock"), of the Company, set
forth opposite its name on Schedule A attached hereto.

      WHEREAS, Parent desires that the Company undertake such transactions.

      WHEREAS, the shares of Common Stock to be issued to the Purchasers
hereunder are referred to collectively as the "Shares."

      WHEREAS, prior to the consummation of the sale of the Shares (the
"Transaction"), the Company intends to declare and pay a dividend (the "Parent
Distribution") through distribution of a promissory note (attached hereto as
Exhibit I) from the Company to Parent in the amount of $2.7 billion (the "$2.7
Billion Note").

      WHEREAS, prior to the consummation of the Transaction, Parent may cause
the Company to be recapitalized in a transaction pursuant to which, the Company
will have borrowed up to $2.5 billion (the "Initial Financing") on terms
reasonably comparable to the terms set forth on the financing term sheet
attached hereto as Exhibit E (the "Financing Term Sheet") of which up to $2
billion will be paid by the Company to Parent in partial repayment of the $2.7
Billion Note and accrued interest thereon.

      WHEREAS, immediately prior to the consummation of the Transaction, Parent
may cause the Company to be recapitalized in a transaction pursuant to which,
immediately prior to the Closing, the Company will have borrowed up to a total
(including the Initial Financing) of $3.2 billion (together with the Initial
Financing, the "Financing") on terms reasonably comparable to the terms set
forth on the Financing Term Sheet, and a total of $2.7 billion, plus accrued
interest on the $2.7 Billion Note will have been paid by the Company to Parent
in full repayment of the $2.7 Billion Note and interest thereon.

      WHEREAS, in the event that the Initial Financing shall not have been
consummated prior to the time immediately prior to the consummation of the
Transaction, the Parent may cause the

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Company to be recapitalized in a transaction pursuant to which, immediately
prior to the Closing, the Company will have borrowed up to a total of $3.2
billion (and in such event, such borrowing will be deemed hereunder to be the
"Financing") on terms reasonably comparable to the terms set forth on the
Financing Term Sheet, and $2.7 billion, plus accrued interest on the $2.7
Billion Note, will be paid by the Company to Parent in full repayment of the
$2.7 Billion Note and interest thereon.

      WHEREAS, the Company will use the remaining proceeds from the Transaction
and the Financing in the manner set forth herein.

      NOW, THEREFORE, in consideration of the foregoing recitals and the
representations, warranties, covenants, and agreements herein contained, and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:

                                    ARTICLE I
                                   Definitions

      1.1   Certain Definitions. The following terms shall have the meanings set
forth below (and such meanings shall be equally applicable to both the singular
and plural form of the terms defined, as the context may require):

      "Affiliate" means, in respect of any Person, any other Person that is
directly or indirectly controlling, controlled by, or under common control with
such Person or any of its Subsidiaries, and the term "control" (including the
terms "controlled by" and "under common control with") means having, directly or
indirectly, the power to direct or cause the direction of the management and
policies of a Person, whether through ownership of voting securities or by
contract or otherwise.

      "Affiliated Group" has the meaning ascribed to it in Section 1504(a) of
the Code or any other provision of Law pursuant to which Taxes or Tax Returns
are or may be paid or filed on a consolidated, combined or unitary basis.

      "Amended Company Disclosure Letter" has the meaning ascribed to it in the
preamble to Article III.

      "Annual Combined Financial Statements" has the meaning ascribed to it in
Section 3.10.

      "BACI" has the meaning ascribed to it in the preamble to this Agreement.

      "Board of Directors" has the meaning ascribed to it in Section 6.2(h).

      "Business Day" means any day other than a Saturday, Sunday, or other day
on which banking institutions in the State of New York are authorized or
required by Law to close.

      "Business Restraint" has the meaning ascribed to it in Section 5.5(a).

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      "Capital Leases" means, in respect of any Person, leases of (or other
agreements conveying the right to use) any property (whether real, personal, or
mixed) by such Person as lessee that, in accordance with GAAP, either would be
required to be classified and accounted for as capital leases on a balance sheet
of such Person or otherwise be disclosed as such in a note to such balance
sheet.

      "Capital Stock" means, in respect of any Person, any shares or other
equivalents (however designated) of any class of corporate stock, partnership
interests, or membership interests in a limited liability company or any other
participations, rights, warrants, options, or other interests in the nature of
an equity interest in such Person, including preferred stock.

      "Closing" has the meaning ascribed to it in Section 2.2.

      "Closing Date" has the meaning ascribed to it in Section 2.2.

      "Code" means the Internal Revenue Code of 1986, as amended.

      "Common Stock" has the meaning ascribed to it in the recitals to this
Agreement.

      "Company" has the meaning ascribed to it in the preamble to this
Agreement.

      "Company Documents" has the meaning ascribed to it in Section 3.2.

      "Contractor" means all "preferred" agents, consultants, contractors, and
subcontractors, as tracked by the Company's Contractor Management Office, which
are involved in the development, support, customization, installation,
maintenance or modification of any Intellectual Property of the Company or its
Subsidiaries.

      "Contractor Agreement" means any written agreement between any Contractor
and the Company or its Subsidiaries.

      "Contracts" means oral or written contracts, agreements, indentures,
notes, bonds, loans, instruments, leases, commitments, or other equivalent
arrangements or commitments.

      "Copyrights" means unexpired registrations for copyrighted material duly
issued by the U.S. Copyright Office.

      "Corporate Services" has the meaning ascribed to it in Section 5.3.

      "CTI" has the meaning ascribed to it in Section 5.13(c).

      "Default" has the meaning ascribed to it in Section 3.4.

      "Defaulting Sponsor Group" has the meaning ascribed to it in Section 6.2.

      "DGCL" means the General Corporation Law of the State of Delaware.

                                       4
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      "Direct Claim" has the meaning ascribed to it in Section 8.5.

      "Director Indemnification Agreements" mean the indemnification agreements
to be entered into by the Company and each member of the Company's Board of
Directors, in substantially the form attached hereto as Exhibit H.

      "EBITDA" means the combined earnings of the Company and its Subsidiaries
before deduction for interest, income taxes, depreciation and amortization, with
each determined in accordance with GAAP applied consistent with the Company's
past practice.

      "Employee Benefit Plans" has the meaning ascribed to it in Section
3.22(a).

      "Encumbrance" means any security interest, lien, pledge, claim, charge,
encumbrance, right of first offer, right of first refusal, preemptive right,
mortgage, indenture, security agreement or other equivalent agreement,
arrangement, contract, commitment, understanding, or obligation, whether written
or oral, and whether or not relating in any way to credit or the borrowing of
money, other than as imposed by the Transaction Documents.

      "Environmental Costs and Liabilities" means, in respect of any Person, all
Liabilities, obligations, responsibilities, Remedial Actions, losses, damages,
punitive damages, consequential damages, treble damages, costs, and expenses
(including all reasonable fees, disbursements, and expenses of counsel, experts,
and consultants and costs of investigation and feasibility studies), fines,
penalties, sanctions, and interest incurred as a result of any claim or demand
by any other Person or in response to any violation of Environmental Law,
whether known or unknown, accrued or contingent, whether based in contract,
tort, implied or express warranty, strict liability, criminal or civil statute,
to the extent based upon, related to, or arising under or pursuant to any
Environmental Law, Environmental Permit, Order, or Contract with any
Governmental Entity or other Person, that relates to any environmental, health
or safety condition, violation of Environmental Law, or a Release or threatened
Release of Hazardous Materials.

      "Environmental Law" means any Law in any way relating to the protection of
human health and safety, the environment or natural resources, including the
Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C.
Section 9601 et seq.), the Hazardous Materials Transportation Act (49 U.S.C.
App. Section 1801 et seq.), the Resource Conservation and Recovery Act (42
U.S.C. Section 6901 et seq.), the Clean Water Act (33 U.S.C. Section 1251 et
seq.), the Clean Air Act (42 U.S.C. Section 7401 et seq.), the Toxic Substances
Control Act (15 U.S.C. Section 2601 et seq.), the Federal Insecticide,
Fungicide, and Rodenticide Act (7 U.S.C. Section 136 et seq.), and the
Occupational Safety and Health Act (29 U.S.C. Section 651 et seq.), as each has
been amended.

      "Environmental Permits" has the meaning ascribed to it in Section 3.25(a).

      "ERISA" has the meaning ascribed to it in Section 3.22(a).

      "ERISA Affiliate" has the meaning ascribed to it in Section 3.22(a).

      "Evercore" has the meaning ascribed to it in the preamble to this
Agreement.

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      "Exchange Act" means the Securities Exchange Act of 1934, as amended.

      "Filed SEC Reports" means the Registration Statement on Form S-1 dated May
26, 2004, as amended through the date hereof, as filed by the Company with the
SEC (but not including the information incorporated by reference therein).

      "Financial Statements" has the meaning ascribed to it in Section 3.10.

      "Financing" has the meaning ascribed to it in the recitals to this
Agreement.

      "Financing Term Sheet" has the meaning ascribed to it in the recitals to
this Agreement.

      "Foreign Plan" has the meaning ascribed to it in Section 3.22(q).

      "Form A Filing" has the meaning ascribed to it in Section 5.13(a).

      "GAAP" has the meaning ascribed to it in Section 3.10.

      "Governmental Entity" means any federal, state, or municipal court or
other governmental department, commission, board, bureau, agency, or
instrumentality, governmental or quasi-governmental, domestic or foreign.

      "Guaranty" shall mean any guaranty of the payment or performance of any
Indebtedness or other obligation and any other equivalent arrangement whereby
credit is extended to one obligor on the basis of any promise of another Person,
whether that promise is expressed in terms of an obligation to pay the
Indebtedness of such obligor, or to purchase an obligation owed by such obligor,
or to purchase goods and services from such obligor pursuant to a take or pay
contract, or to maintain the capital, working capital, solvency, or general
financial condition of such obligor, whether or not any such arrangement is
reflected on the balance sheet of such other Person or referred to in a note
thereto.

      "Hazardous Material" means any substance, material, or waste that is
regulated, classified, or otherwise characterized under or pursuant to any
Environmental Law as "hazardous," "toxic," "pollutant," "contaminant,"
"radioactive," or words of equivalent meaning or effect, including petroleum and
its by-products, asbestos, polychlorinated biphenyls, radon, mold, and urea
formaldehyde insulation.

      "HSR Act" has the meaning ascribed to it in Section 3.3.

      "Indebtedness" means, for any Person at the time of any determination,
without duplication, all obligations, contingent or otherwise, of such Person
that, in accordance with GAAP, should be classified upon the balance sheet of
such Person as indebtedness.

      "Indemnifiable Losses" has the meaning ascribed to it in Section 8.4.

      "Indemnitee" has the meaning ascribed to it in Section 8.4.

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      "Indemnitor" has the meaning ascribed to it in Section 8.4.

      "Indemnity Payment" has the meaning ascribed to it in Section 8.4.

      "Intercompany Agreements" has the meaning ascribed to it in Section 5.3.

      "Interim Balance Sheet" has the meaning ascribed to it in Section 3.10.

      "Interim Period" has the meaning ascribed to it in Section 5.13(c).

      "Intellectual Property" means Marks; Patents; Copyrights; internet domain
names that are registered with a domain name registrar; computer software;
databases; proprietary technology; trade secrets and other confidential
information; proprietary know-how; proprietary processes; formulae; algorithms;
customer lists; source codes; object codes; and, in respect of all of the
foregoing, related confidential data or information.

      "IRS" means the Internal Revenue Service and any governmental body or
agency succeeding to the functions thereof.

      "IT" has the meaning ascribed to it in Section 5.3.

      "Law" means the common law and all federal, state, local, and foreign
laws, rules and regulations, Orders, and other determinations of the United
States, any foreign country, or any domestic or foreign Governmental Entity.

      "Leased Real Property" has the meaning ascribed to it in Section 3.24(a).

      "Liabilities" means all Indebtedness, obligations, and other liabilities
(or contingencies that have not yet become liabilities) of a Person, whether
absolute, accrued, contingent (or based upon any contingency), known or unknown,
fixed or otherwise, or whether due or to become due.

      "LSI" has the meaning ascribed to it in Section 5.5(b).

      "Management Agreements" shall mean those Management Agreements to be
entered into at the Closing by and between the Company and each of THL Managers
V, LLC, TPG GenPar IV, L.P. and Evercore Advisors L.L.C., each in substantially
the form attached as Exhibit F.

      "Marks" means trademarks and service marks (whether registered or
unregistered), trade names and designs, together with all goodwill related to
the foregoing.

      "Material Adverse Effect" means any material adverse effect on: (A) the
business, liabilities, operations or financial position of the Company and its
Subsidiaries, taken as a whole, other than any such effect to the extent it
results from (i) changes in general economic, market or political conditions or
any acts of war or terrorism, (ii) matters generally affecting any of the
industries in which the Company or its Subsidiaries operate, (iii) matters
resulting from the execution, delivery, performance or announcement of any of
the Transaction Documents and the transactions contemplated hereby and thereby,
or (iv) the actions of any of the Purchasers, or (B)

                                       7
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the ability of the Company to perform any of its material obligations under any
of the Transaction Documents.

      "Material Contracts" has the meaning ascribed to it in Section 3.16.

      "Material Customers" has the meaning ascribed to it in Section 3.26(a).

      "Multiemployer Plan" has the meaning ascribed to it in Section 3.22(a).

      "Multiple Employer Plans" has the meaning ascribed to it in Section
3.22(a).

      "National Title" has the meaning ascribed to it in Section 5.13(a).

      "Non-Competition Agreement" shall mean that Non-Competition and
Non-Solicitation Agreement to be entered into at the Closing by and between the
Company and Parent, in substantially the form attached as Exhibit A.

      "Non-Disclosure Agreements" shall mean the Non-Disclosure Agreements, by
and among Parent, Bear Stearns Merchant Manager II, LLC, and certain of the
Purchasers or their affiliates, dated as of October 13, 2004.

      "NYSDI" has the meaning ascribed to it in Section 5.5(d).

      "Order" has the meaning ascribed to it in Section 3.4.

      "Owned Real Property" has the meaning ascribed to it in Section 3.24(a).

      "Parent" has the meaning ascribed to it in the preamble.

      "Parent Distribution" has the meaning ascribed to it in the recitals to
this Agreement.

      "Parent's Knowledge" means the actual knowledge of William P. Foley, II,
Al Stinson, Brent Bickett, Peter Sadowski, Tony Park, Dan Murphy, Roger Maloch,
Brian Hershkowitz, Eric Swenson, Todd Johnson, Michael Gravelle, Dan Scheuble,
Hugh Harris, Ernie Smith and Michael Sanchez.

      "Patents" means unexpired patents duly issued by the U.S. Patent and
Trademark Office.

      "PBGC" has the meaning ascribed to it in Section 3.22(d).

      "Permits" has the meaning ascribed to it in Section 3.15.

      "Permitted Encumbrances" means (i) Encumbrances for current Taxes not yet
due and payable, (ii) any materialmen's, mechanics, workmen's, repairmen's,
contractor's, warehousemen's, carrier's, supplier's, vendor's, or equivalent
Encumbrances if payment is not yet due on the underlying obligation, (iii) liens
reflected in the financial statements contained in the Filed SEC Reports, (iv)
statutory or common law liens to secure landlords, lessors, or renters

                                       8
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under leases or rental agreements confined to the premises rented, and (v)
deposits or pledges made in connection with, or to secure payment of, worker's
compensation, unemployment insurance, old age pension, or other social security
programs mandated under applicable laws.

      "Person" means any individual, partnership, limited partnership,
corporation, limited liability company, association, joint stock company, trust,
joint venture, unincorporated organization, or Governmental Entity.

      "Products" has the meaning ascribed to it in Section 3.17(g).

      "Purchase Price" has the meaning ascribed to it in Section 2.1.

      "Purchasers" has the meaning ascribed to it in the preamble to this
Agreement.

      "Purchasers Representatives" means, in the case of the Purchasers
affiliated with Thomas H. Lee Equity Fund V, L.P., Thomas M. Hagerty, and in the
case of the Purchasers affiliated with TPG Partners IV, L.P. and TPG Partners
III, L.P., Jonathan Coslet, and in case any individual set forth above is unable
to serve, such other person as a majority in interest of the Purchasers whom
such person represents shall designate as a successor. It is acknowledged by the
parties that any required consent of the Purchasers Representatives hereunder
shall require the consent of each of Thomas M. Hagerty and Jonathan Coslet and
their respective successors, as the case may be.

      "Purchaser Documents" has the meaning ascribed to it in Section 4.2.

      "Purchaser Material Adverse Effect" shall mean a material adverse effect
on the Purchasers' ability to consummate the transactions contemplated hereby.

      "Qualified Plans" has the meaning ascribed to it in Section 3.22(b).

      "Real Property" has the meaning ascribed to it in Section 3.24(a).

      "Registration Rights Agreement" shall mean that Registration Rights
Agreement to be entered into at the Closing by and among the Company, the
Purchasers and Parent, in substantially the form attached as Exhibit B.

      "Related Persons" has the meaning ascribed to it in Section 3.18.

      "Relationships" has the meaning ascribed to it in Section 5.3.

      "Release" means any release, spill, emission, leaking, pumping, injection,
deposit, disposal, discharge, dispersal, or leaching into the indoor or outdoor
environment, or into or out of any property.

      "Remedial Action" means all actions to (i) clean up, remove, treat, or in
any other way address any Hazardous Material, (ii) prevent the Release of any
Hazardous Material so it does not endanger or threaten to endanger public health
or welfare or the indoor or outdoor environment,

                                       9
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(iii) perform pre-remedial studies and investigations or post-remedial
monitoring and care, or (iv) correct a condition of noncompliance with
Environmental Laws.

      "Restraint" has the meaning ascribed to it in Section 6.1(d).

      "SEC" means the U.S. Securities and Exchange Commission and any
governmental body or agency succeeding to the functions thereof.

      "Securities Act" means the Securities Act of 1933, as amended.

      "Separation Agreements" has the meaning ascribed to it in Section 5.3.

      "Shares" has the meaning ascribed to it in the recitals to this Agreement.

      "Sponsor Group" shall mean either (i) Thomas H. Lee Equity Fund V, L.P.,
Thomas H. Lee Parallel Fund V, L.P., Thomas H. Lee Cayman Fund V, L.P., Thomas
H. Lee Investors Limited Partnership, Putnam Investments Holdings, LLC, Putnam
Investments Employees' Securities Company I, LLC, and Putnam Investments
Employees' Securities Company II, LLC, collectively, or (ii) TPG Partners III,
L.P., TPG Parallel III, L.P., TPG Investors III, L.P., FOF Partners III, L.P.,
FOF Partners III-B, L.P., TPG Dutch Parallel III, C.V. and TPG Partners IV,
L.P., collectively.

      "State Interim Period" has the meaning ascribed to it in Section 5.13(c).

      "Stock Incentive Plan" means the Company's 2005 Stock Incentive Plan, in
substantially the form attached as Exhibit C.

      "Stockholders Agreement" shall mean that Stockholders Agreement to be
entered into at the Closing by and among the Company, the Purchasers and Parent,
in substantially the form attached as Exhibit D.

      "Subsidiary" means, in respect of any Person, any Person in which such
first Person, directly or indirectly, beneficially owns more than 50% of either
the equity interest in, or the voting control of, such Person, whether or not
existing on the date hereof.

      "Tax Returns" means all returns, declarations, reports, estimates,
information returns and statements required to be filed or actually filed in
respect of any Taxes.

      "Taxes" means (i) all federal, state, local, or foreign taxes, charges,
fees, imposts, levies, or other assessments, including, all net income, gross
receipts, capital, sales, use, ad valorem, value added, transfer, franchise,
profits, inventory, capital stock, license, withholding, payroll, employment,
social security, unemployment, excise, severance, stamp, occupation, property,
and estimated taxes, customs duties, fees, assessments, and charges of any kind
whatsoever, (ii) all interest, penalties, fines, additions to tax, or additional
amounts imposed by any taxing authority in connection with any item described in
clause (i), and (iii) any liability in respect of any items described in clauses
(i) and/or (ii) payable by reason of contract, assumption, transferee liability,

                                       10
<PAGE>

operation of Law, Treasury Regulation Section 1.1502-6(a) (or any predecessor or
successor thereof or any analogous or similar provision of Law) or otherwise.

      "Third Party Claims" has the meaning ascribed to it in Section 8.3.

      "THL" means Thomas H. Lee Equity Fund V, L.P., Thomas H. Lee Parallel Fund
V, L.P., Thomas H. Lee Cayman Fund V, L.P., Thomas H. Lee Investors Limited
Partnership, Putnam Investments Holdings, LLC, Putnam Investments Employees'
Securities Company I, LLC, and Putnam Investments Employees' Securities Company
II, LLC, collectively.

      "Title Plant" has the meaning ascribed to it in Section 5.3.

      "TPG" means TPG Partners III, L.P., TPG Parallel III, L.P., TPG Investors
III, L.P., FOF Partners III, L.P., FOF Partners III-B, L.P., TPG Dutch Parallel
III, C.V. and TPG Partners IV, L.P., collectively.

      "Transaction" has the meaning ascribed to it in the recitals to this
Agreement.

      "Transaction Documents" means, collectively, this Agreement, the
Stockholders Agreement, the Registration Rights Agreement, the Intercompany
Agreements, the Non-Competition Agreement, the Management Agreements, the
Director Indemnification Agreements and each other document, instrument,
certificate, or agreement to be executed by the parties to effect the
transactions contemplated by this Agreement.

      "Unaudited Financial Statements" has the meaning ascribed to it in Section
3.10.

      1.2   Construction.

            (a)   All references to "Articles," "Sections," "Schedules," and
      "Exhibits" contained in this Agreement are, unless specifically indicated
      otherwise, references to articles, sections, schedules, or exhibits of or
      to this Agreement.

            (b)   As used in this Agreement, the following terms shall have the
      meanings indicated: (i) "day" means a calendar day; (ii) "U.S." or "United
      States" means the United States of America; (iii) "dollar" or "$" means
      lawful currency of the United States; (iv) "including" or "include" means
      "including without limitation"; and (v) references in this Agreement to
      specific Laws (such as the DGCL, the Code, and ERISA), or to specific
      sections or provisions of Laws, apply to the respective U.S. or state Laws
      that bear the names so specified and to any succeeding Law (which now has
      a new section number, code number or other designation that is different
      from that used herein and is in existence on the date hereof), section, or
      provision corresponding thereto and the rules and regulations promulgated
      thereunder.

                                       11
<PAGE>

                                   ARTICLE II
                               Purchase of Shares

      2.1   Purchase and Sale of the Shares. On the terms and subject to the
conditions set forth herein, on the Closing Date, the Company shall issue, sell,
and deliver to each Purchaser, and each Purchaser, severally and not jointly,
shall purchase and acquire from the Company, the number of Shares listed
opposite its name on Schedule A attached hereto for the consideration set forth
opposite such Purchaser's name on Schedule A attached hereto. The aggregate
consideration to be paid to the Company by the Purchasers for the Shares shall
be equal to Five Hundred Million Dollars ($500,000,000) (the "Purchase Price.")
The Purchase Price shall be paid by one or more wire transfers of immediately
available funds to the Company's account designated to the Purchasers in writing
no later than two (2) business days before the Closing.

      2.2   Closing Date. The closing of the Transaction (the "Closing") shall
take place at the offices of Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New
York, New York 10153, at 10:00 a.m., local time, as promptly as practicable
following the date on which all of the conditions contained in Article VI have
been satisfied or waived, as applicable, or at such other place, time, or date
as may be mutually agreed to in writing by Purchasers Representatives and the
Company. The date of the Closing is referred to herein as the "Closing Date."

      2.3   Proceedings at Closing. All actions to be taken and all documents to
be executed and delivered by the Company in connection with the consummation of
the transactions contemplated at the Closing shall be reasonably satisfactory in
form and substance to Purchasers Representatives and their counsel, and all
actions to be taken and all documents to be executed and delivered by Purchasers
in connection with the consummation of the transactions contemplated at the
Closing shall be reasonably satisfactory in form and substance to the Company
and its counsel. All actions to be taken and all documents to be executed and
delivered by all parties hereto at the Closing shall be deemed to have been
taken and executed and delivered simultaneously, and no action shall be deemed
taken nor any document executed or delivered until all have been taken,
executed, and delivered. At the Closing, (i) the Company shall deliver to
Purchasers the items in Section 7.1 and (ii) Purchasers shall deliver to the
Company the items described in Section 7.2.

      2.4   Use of Proceeds. The Company will use the proceeds received from the
Initial Financing and the Financing to (i) repay at or prior to the Closing, all
the Company's Indebtedness for borrowed money existing immediately prior to the
Initial Financing or the Financing, as the case may be (other than with respect
to Capital Leases), (ii) pay all expenses of the Company or its Subsidiaries
incurred in connection with the negotiation and consummation of the Initial
Financing and the Financing (including the associated fees of the lenders),
(iii) fund at least $30.0 million of additional cash to the Company's balance
sheet, and (iv) pay to Parent up to $2 billion of proceeds from the Initial
Financing and a total of $2.7 billion, plus accrued interest on the $2.7 Billion
Note, of proceeds from the Financing in full repayment of the $2.7 Billion Note
and interest thereon. The Company will use the proceeds received from the
Transaction to (i) repay all the Company's Indebtedness for borrowed money
existing immediately prior to the Closing (other than with respect to Capital
Leases and $2.8 billion of the Financing), and (ii) pay all expenses of the
Company and the Purchasers incurred in connection with the negotiation and
consummation of the Transaction at the Closing (including the amounts due under
Section 2(a) of the Management Agreements), and (iii) fund at least $40 million
of additional cash to the Company's balance sheet.

                                       12
<PAGE>

                                  ARTICLE III
                    Representations and Warranties of Parent

      Except as disclosed in (i) the Filed SEC Reports or (ii) the amended and
restated disclosure letter delivered by Parent to the Purchasers concurrently
with the execution of this Agreement (the "Amended Company Disclosure Letter)
(it being agreed, that any disclosure therein with respect to any particular
section of the Agreement shall not be deemed disclosure with respect to another
section of the Agreement and no disclosure in any SEC Filed Report shall be
deemed disclosed for purposes hereof, unless, in each case, the applicability of
such disclosure to the subject matter of such section is clear from a reasonable
reading of such disclosure or listing in such section), the Parent hereby makes
the following representations and warranties to the Purchasers, each of which
was true and correct as of the date of the Initial Agreement:

      3.1   Organization and Power. Parent, the Company and each of the
Company's Subsidiaries is a corporation duly incorporated, validly existing, and
in good standing under the Laws of the jurisdiction of its incorporation. The
Company and each of its Subsidiaries has the requisite corporate power and
authority to own, lease, or otherwise hold the assets and properties owned,
leased, or otherwise held by it and necessary to carry on its business as
presently conducted. The Company and each of its Subsidiaries is in good
standing and is duly qualified to conduct business as a foreign corporation in
each jurisdiction in which the nature of its business or the ownership of
property make such qualification necessary, except where the failure to be so
qualified would not reasonably be expected to have a Material Adverse Effect.

      3.2   Authorization. Each of Parent and the Company has the requisite
corporate power to execute and deliver this Agreement and each other Transaction
Document to be executed by it in connection with the consummation of the
transactions contemplated hereby (the "Company Documents") and to perform its
obligations hereunder and thereunder. The execution and delivery by the Company
and Parent of this Agreement and each Company Document to which it is a party
and the performance by each of them of its obligations hereunder and thereunder
have been (or at the time of execution will be) duly authorized by all necessary
corporate action on its part. This Agreement has been (and each Company Document
to which it is a party will be) duly executed and delivered by duly authorized
officers of each of the Company and Parent and, assuming the due execution and
delivery of this Agreement and each Company Document by the other party or
parties hereto or thereto, this Agreement and each Company Document to which it
is a party shall constitute valid and binding obligations of the Company and
Parent enforceable against the Company and Parent in accordance with their
respective terms, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium, or other equivalent Laws affecting the enforcement
of creditors' rights in general and subject to general principles of equity
(regardless of whether such enforceability is considered in a proceeding at law
or in equity).

      3.3   Consents and Approvals. Except as would not reasonably be expected
to have a Material Adverse Effect, no consent, approval, waiver, order, or
authorization of, or registration, declaration, or filing with, or notice to,
any Governmental Entity (including any consent, approval, waiver, or
authorization in respect of any Contract or Permit) is required to be obtained
or made by or in respect of Parent, the Company or any of the Company's
Subsidiaries in

                                       13
<PAGE>

connection with the execution and delivery of this Agreement or any Company
Document by the Company or Parent, the performance by the Company or Parent of
its obligations hereunder and thereunder or the consummation of the transactions
contemplated hereby or thereby, other than (i) if required, the filing of a Form
D with the SEC and any applicable state securities regulatory authorities, (ii)
the filing of premerger notification and report forms under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR
Act"), or (iii) any required filings or approvals with insurance authorities in
New York State.

      3.4   No Conflicts. The execution and delivery of this Agreement does not
(and of each Company Document will not), and neither the performance by the
Company or Parent of its obligations hereunder and thereunder, nor the
consummation of the Financing or the transactions contemplated hereby and
thereby, will, (i) conflict with the Certificate of Incorporation or bylaws of
the Company or Parent, as the case may be, (ii) except as would not reasonably
be expected to have a Material Adverse Effect, conflict with, result in any
violation of, constitute a default (with or without notice, lapse of time, or
both (a "Default")) under, or give rise to a right of termination, cancellation,
or acceleration of, or any obligation or to loss of a benefit under, any
Contract, or any contract or agreement that is material to the business, assets,
financial condition or results of operation of the Company and its Subsidiaries,
taken as a whole, (iii) violate, constitute a Default under, or cause the
forfeiture, impairment, non-renewal, revocation, or suspension of any Permit,
(iv) violate any citation, order, judgment, decree, writ, or injunction
("Order") of any Governmental Entity applicable to Parent, the Company or any of
the Company's Subsidiaries, (v) violate any Law applicable to Parent, the
Company or any of the Company's Subsidiaries, or (vi) except as would not
reasonably be expected to have a Material Adverse Effect, result in the creation
of any Encumbrance upon any of the assets or properties of Parent, the Company
or the Company's Subsidiaries.

      3.5   Broker's Fees. No agent, broker, finder, investment banker,
financial advisor, or other equivalent Person will be entitled to any fee,
commission, or other compensation in connection with the transactions
contemplated by this Agreement on the basis of any act or statement made or
alleged to have been made by the Company, Parent or any of their respective
Affiliates or Representatives, except for the fees and expenses of Stephens
Inc., which fees and expenses will be paid out of proceeds from this Transaction
in accordance with Section 2.4 hereof.

      3.6   Capitalization.

            (a)   The authorized Capital Stock of the Company consists of
      400,000,000 shares of Common Stock, of which 1,000 are issued and
      outstanding as of the date hereof. All of the issued and outstanding
      shares of Capital Stock of the Company are duly authorized, validly
      issued, fully paid, and nonassessable, and were not issued in violation of
      any preemptive rights or any federal or state securities Laws, and are
      owned beneficially and of record by Parent. Immediately after the Closing,
      but prior to the issuance of any shares of Common Stock under the Stock
      Incentive Plan, the Shares will constitute 25 % of the outstanding Common
      Stock of the Company on a fully diluted basis.

                                       14
<PAGE>

            (b)   There are no outstanding options, warrants, and other
      equivalent rights to purchase Capital Stock of the Company. There are (i)
      no authorized or outstanding securities, rights (preemptive or other),
      subscriptions, calls, commitments, warrants, options, or other agreements
      that give any Person the right to purchase, subscribe for, or otherwise
      receive or be issued Capital Stock of the Company or any security
      convertible into or exchangeable or exercisable for Capital Stock of the
      Company, (ii) no outstanding debt or equity securities of the Company that
      upon the conversion, exchange, or exercise thereof would require the
      issuance, sale, or transfer by the Company of any new or additional
      Capital Stock of the Company (or any other securities of the Company
      which, whether after notice, lapse of time, or payment of monies, are or
      would be convertible into or exchangeable or exercisable for Capital Stock
      of the Company), (iii) no agreements or commitments obligating the Company
      to repurchase, redeem, or otherwise acquire Capital Stock or other
      securities of the Company or its Subsidiaries, and (iv) no outstanding or
      authorized stock appreciation rights, phantom stock, stock rights, or
      other equity-based interests in respect of the Company. The Company has
      not issued any voting indebtedness.

            (c)   There is no proxy, stockholders agreement, voting trust, or
      other agreement or understanding to which the Company, Parent, or to
      Parent's Knowledge, any other Person, is a party or by which it is bound
      relating to the voting of any shares of Capital Stock of the Company.

      3.7   Subsidiaries and Equity Investments; Joint Ventures.

            (a)   Schedule 3.7 sets forth the name, jurisdiction of
      incorporation, and the Company's percentage ownership interest of Capital
      Stock for each direct and indirect Subsidiary of the Company. The Company
      does not, directly or indirectly, own any Capital Stock of any Person
      other than the Subsidiaries set forth on Schedule 3.7. The Company is not
      a direct or indirect participant in any material joint venture or other
      equivalent arrangement.

            (b)   The outstanding shares of Capital Stock of each Subsidiary of
      the Company are duly authorized, validly issued, fully paid, and
      non-assessable, have not been issued in violation of any preemptive
      rights, and are owned of record and beneficially, directly or indirectly,
      by the Company, free and clear of all Encumbrances.

            (c)   There are (i) no authorized or outstanding securities, rights
      (preemptive or other), subscriptions, calls, commitments, warrants,
      options, or other agreements that give any Person the right to purchase,
      subscribe for, or otherwise receive or be issued Capital Stock of any
      Subsidiary of the Company or any security convertible into or exchangeable
      or exercisable for Capital Stock of any Subsidiary of the Company, (ii) no
      outstanding debt or equity securities of the Company or its Subsidiaries
      that upon the conversion, exchange, or exercise thereof would require the
      issuance, sale, or transfer by the Company or its Subsidiaries of any new
      or additional Capital Stock of any Subsidiary of the Company (or any other
      securities, which, whether after notice,

                                       15
<PAGE>

      lapse of time, or payment of monies, are or would be convertible into or
      exchangeable or exercisable for Capital Stock of any Subsidiary of the
      Company), (iii) no agreements or commitments obligating any Subsidiary of
      the Company to repurchase, redeem, or otherwise acquire Capital Stock or
      other Securities of the Company or its Subsidiaries and (iv) no
      outstanding or authorized stock appreciation rights, phantom stock, stock
      rights, or stock based interests in respect of any Subsidiary of the
      Company. No Subsidiary of the Company has issued any voting indebtedness.

      3.8   Authorization of Securities. When issued in accordance with the
terms of this Agreement, the Shares will be duly authorized, validly issued,
fully paid and nonassessable, free and clear of all Encumbrances.

      3.9   Investment Company Act. The Company is not, and after giving effect
to the issuance of the Shares and the application of the proceeds thereof will
not be, an "investment company" within the meaning of Investment Company Act of
1940, as amended.

      3.10  Financial Statements. Prior to the date of the Initial Agreement,
the Company provided to TPG and THL (i) the annual combined balance sheets of
the Company and its Subsidiaries as of December 31, 2003 and 2002 and the
related combined statements of earnings, equity and comprehensive earnings and
cash flows for each of the years in the three-year period ended December 31,
2003 (the "Annual Combined Financial Statements"), together with the notes
thereto, and the draft report of KPMG LLP thereon which includes a legend
indicating that certain transactions would have to be completed before KPMG LLP
would be in a position to issue the draft report in final form, and (ii) the
unaudited combined balance sheet of the Company and its Subsidiaries as at June
30, 2004 reviewed by KPMG LLP (the "Interim Balance Sheet"), and the related
combined statements of earnings and cash flows, for the six (6) month period
then ended, the "Unaudited Financial Statements"). The Unaudited Financial
Statements, together with the Annual Combined Financial Statements are referred
to as the "Financial Statements". The Financial Statements have been prepared in
accordance with U.S. generally accepted accounting principles consistently
applied ("GAAP") and fairly present the combined financial condition, assets and
liabilities, results of operations, cash flows, and changes in equity and
comprehensive earnings of the Company and its Subsidiaries as of the dates, and
for the periods, indicated therein, subject in the case of the Unaudited
Financial Statements to lack of footnotes and a statement of changes in equity
and comprehensive earnings and normal year end adjustments that will not be
material. Since June 30, 2004, there has not been any change of the Company's
accounting principles, methods, or policies except as required by GAAP or as
would not reasonably be expected to have a Material Adverse Effect. The results
and accounts of the entities listed on disclosure Schedule 3.10 are included in
the Financial Statements, but have been excluded from the final formation of the
Company and its Subsidiaries and are therefore, not subject to the terms of this
Transaction.

      3.11  Absence of Undisclosed Liabilities, Indebtedness. The Company and
its Subsidiaries have no Liabilities that are required to be reflected in,
reserved against, or otherwise described in a balance sheet (or the notes
thereto) prepared in accordance with GAAP except (i) those Liabilities provided
for or reserved against in the Financial Statements (or set forth in the notes
thereto), (ii) Liabilities arising in the ordinary course of business consistent
with past

                                       16

<PAGE>

practice since June 30, 2004, and (iii) Liabilities under this Agreement.
Immediately after the Closing, other than the Indebtedness for borrowed money
incurred in connection with the Financing and other than with respect to Capital
Leases, neither the Company nor any of its Subsidiaries will have any
Indebtedness.

      3.12  Absence of Certain Changes. Except as set forth in the Unaudited
Financial Statements and except as contemplated by the Financing, since June 30,
2004, neither the Company nor any of its Subsidiaries has: (i) terminated or
suffered any material amendment of any Material Contract; (ii) suffered any
event or circumstance that has had or could reasonably be expected to have a
Material Adverse Effect; (iii) other than in the ordinary course of business
consistent with past practice, increased the salaries or other compensation of,
or made any advance or loan to, any of its current or former directors or
executive officers or made any increase in, or any addition to, other benefits
to which any of its current or former directors or executive officers may be
entitled; (iv) (other than the $2.7 Billion Note) declared, set aside, or paid
any dividend or made or agreed to make any other distribution or payment in
respect of its Capital Stock or redeemed, purchased, or otherwise acquired or
agreed to redeem, purchase, or acquire any of its Capital Stock or other
securities; (v) waived any right of material value to the Company or its
Subsidiaries; or (vi) incurred any Indebtedness (other than the $2.7 Billion
Note).

      3.13  Litigation; Orders. There is no claim or judicial or administrative
action, suit, proceeding, or investigation pending or, to Parent's Knowledge,
threatened (i) that questions the validity of this Agreement or any other
Transaction Document, the performance by the Company or Parent of the
obligations to be performed by it hereunder or thereunder or the consummation of
the transactions contemplated hereby or thereby, or (ii) except as would not
reasonably be expected to have a Material Adverse Effect, relating to the
business of the Company or any of its Subsidiaries (as now conducted or as
proposed to be conducted) or materially affecting the Company or any of its
Subsidiaries or any of their respective assets or properties. There is no
material Order of any Governmental Entity binding on the Company, any of its
Subsidiaries, or any of their respective assets or properties.

      3.14  Compliance with Laws. The Company and each of its Subsidiaries has
complied in all material respects with each Law and Order binding on it or on
any of its assets or properties and is not currently in material violation of
any such Law or Order, and there have been no notices or Orders of noncompliance
issued to the Company of any of its Subsidiaries under or in respect of any such
Law.

      3.15  Permits. The Company and each of its Subsidiaries owns, holds,
possesses, or lawfully uses in its business all approvals, authorizations,
certifications, franchises, licenses, permits, and equivalent authorities
("Permits") that are necessary for the conduct of their business as currently
conducted or the ownership and use of their assets or properties, in compliance
with all Laws, except for those Permits the failure to obtain or loss of which
would not reasonably be expected to have a Material Adverse Effect. Neither the
Company nor any of its Subsidiaries is in Default under, or has received any
notice of any claim of Default in respect of, any such Permits, except as would
not reasonably be expected to have a Material Adverse Effect. To Parent's
Knowledge, all such Permits are renewable by their respective terms in the
ordinary

                                       17

<PAGE>

course of business without the need to comply with any special qualification
procedures or to pay any amounts other than routine filing fees.

      3.16  Contracts. Schedule 3.16 sets forth all of the following Contracts
to which the Company or any of its Subsidiaries is a party or by which it is
bound (the "Material Contracts"): (i) Contracts with any labor union or
association representing any employee of the Company or any of its Subsidiaries;
(ii) Contracts for the sale of any of the assets of the Company or any of its
Subsidiaries other than in the ordinary course of business or for the grant to
any Person of any preferential rights to purchase any of their assets; (iii)
Contracts containing covenants of the Company or any of its Subsidiaries not to
compete in any line of business or with any Person in any geographical area;
(iv) Contracts granting any registration or similar right in respect of
securities of the Company or any of its Subsidiaries, and (v) Contracts pursuant
to which the Company or any of its Subsidiaries acquired the capital stock or
assets of another entity and which contain earn-out provisions relating to such
acquisition requiring the Company or any of its Subsidiaries to make payments in
the future in excess of $250,000 individually or $750,000 in the aggregate. All
of the Contracts to which the Company or any of its Subsidiaries is a party or
by which it is bound are in full force and effect and are the legal, valid, and
binding obligations of the Company and/or its Subsidiaries, enforceable against
them in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium, and equivalent Laws affecting creditors'
rights and remedies generally and subject, as to enforceability, to general
principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity). Neither the Company nor any of its Subsidiaries
is in default, except as would not reasonably be expected to have a Material
Adverse Effect, in any respect under any Contract of the Company and its
Subsidiaries, nor, to Parent's Knowledge, is any other party to any such
Contract in default thereunder in any respect.

      3.17  Intellectual Property.

            (a)   Schedule 3.17(a) sets forth an accurate and complete list of
      all material Patents, registered Marks, pending applications for
      registrations of any Marks, registered Copyrights, and pending
      applications for registration of Copyrights, owned or filed by the Company
      or any of its Subsidiaries.

            (b)   The Company or its Subsidiaries is the sole and exclusive
      owner of all right, title and interest in and to all of the Patents, the
      registered Marks, and each of the registered Copyrights and pending
      applications filed by the Company or its Subsidiary therefor, and each of
      the other Copyrights in any works of authorship prepared by or for the
      Company or its Subsidiary that resulted from or arose out of any work
      performed by or on behalf of the Company or by any employee, officer,
      consultant or contractor of any of them. To Parent's Knowledge and except
      as would not reasonably be expected to have a Material Adverse Effect, the
      Company and its Subsidiaries is the sole and exclusive owner of, or has
      valid and continuing rights to use, sell or license, as the case may be,
      all other Intellectual Property used, sold or licensed by the Company or
      its Subsidiaries in their businesses as presently conducted, free and
      clear of all Encumbrances.

                                       18

<PAGE>

            (c)   To Parent's Knowledge, and except as would not reasonably be
      expected to have a Material Adverse Effect, the Intellectual Property
      owned, used, practiced or otherwise commercially exploited by the Company
      or its Subsidiaries in connection with their businesses as presently
      conducted (the "Company Intellectual Property") do not constitute an
      unauthorized use or misappropriation of any Patent, Copyright, trade
      secret or other equivalent right, of any Person and do not infringe,
      constitute an unauthorized use of, or violate any other right of any
      Person. The Intellectual Property owned by or licensed to the Company or
      its Subsidiaries, or as to which the Company or its Subsidiaries otherwise
      possess valid and continuing rights for use, includes all of the material
      intellectual property rights necessary to enable the Company and its
      Subsidiaries to conduct their businesses in the manner in which such
      businesses are currently being conducted.

            (d)   Neither the Company, nor any of its Subsidiaries: (i) is a
      party to any suit, action or proceeding which involves a claim of
      infringement or misappropriation of any Patent, Copyright or trade secret
      right by the Company or any of its Subsidiaries against any third party;
      (ii) has provided written notice to any third party alleging infringement
      or misappropriation of the Company's and its Subsidiaries' Patents,
      Copyrights or trade secrets; (iii) is a party to any suit, action or
      proceeding which involves a claim of infringement or misappropriation of
      any Patent, Copyright or trade secret by a third party against the Company
      or any of its Subsidiaries; (iv) except as would not reasonably be
      expected to have a Material Adverse Effect, has received any written
      notice from any third party alleging infringement or misappropriation of
      such third party's Patents, Copyrights or trade secrets. To Parent's
      Knowledge and except as would not reasonably be expected to have a
      Material Adverse Effect, the manufacturing, marketing, licensing, use or
      sale of the products or the performance of the services offered by the
      Company and its Subsidiaries in the ordinary course of its respective
      businesses as presently conducted do not currently infringe, and have not
      infringed, upon any Patent, Copyright or trade secret right of any third
      party.

            (e)   No trade secret or any other non-public, proprietary
      information material to the Business as presently conducted has been
      authorized to be disclosed or, to Parent's Knowledge, has been actually
      disclosed by the Company or any of its Subsidiaries to any employee or any
      third party other than pursuant to a non-disclosure agreement or
      employment policy restricting the disclosure and use of such trade secret
      or non-public proprietary information. Except as would not reasonably be
      expected to have a Material Adverse Effect, the Company and its
      Subsidiaries have taken adequate security measures to protect the secrecy
      and confidentiality of all trade secrets and any other material
      confidential information of the Company and its Subsidiaries which
      measures are reasonable in the industry in which the Company and its
      Subsidiaries operate.

            (f)   The Company and its Subsidiaries have not received written
      notice from any current or prior officers, employees, or Contractors of
      the Company and its Subsidiaries claiming any ownership interest in any
      Company Intellectual Property as a

                                       19

<PAGE>

      result of having been involved in the development of such property while
      employed by or performing services for the Company or its Subsidiaries.

            (g)   Except as would not reasonably be expected to have a Material
      Adverse Effect, the Company's unmodified version of its material software
      that is marketed and licensed by the Company and its Subsidiaries to its
      customers (the "Products") conforms in all material respects with the
      documentation prepared, marketed and licensed by the Company in respect of
      such Products. Except as would not reasonably be expected to have a
      Material Adverse Effect: (i) there are no defects, malfunctions or
      nonconformities in the unmodified version of the Products that cause the
      unmodified version of the Products, as properly installed, not to perform
      the material functions for which they are intended, on the whole, as
      provided in the Company's documentation, and (ii) there are no errors in
      any documentation, specifications, manuals, and user guides associated
      with or used or produced in the development, maintenance or marketing of
      the Company Intellectual Property.

      3.18  Affiliate Transactions. Except as contemplated by the Intercompany
Agreements, and except for arrangements between the Parent or its Subsidiaries
(other than the Company and its Subsidiaries) on the one hand, and the Company
and its Subsidiaries on the other hand, which do not involve payments by any
party of more than $500,000 annually in the aggregate and which do not restrict
the ability of the Company and its Subsidiaries to engage in any line of
business in any geographic area, no stockholder, officer, or director of the
Company or any of its Subsidiaries, or to Parent's Knowledge, any member of his
or her immediate family, or any Person controlled by any of the foregoing
Persons (collectively, "Related Persons") (i) owes any amount to the Company or
any of its Subsidiaries nor does the Company or any of its Subsidiaries owe any
amount (other than employment compensation or benefits), or has it committed to
make any loan or extend or guarantee credit to or for the benefit of, any
Related Person, (ii) has made any claim or cause of action or any action, suit,
or proceeding whatsoever against the Company or any of its Subsidiaries, (iii)
to Parent's Knowledge, (other than through stock ownership in a public company)
has any direct or indirect ownership interest in, or is an officer, director,
employee, consultant, or agent of, any Person that has a business relationship
with the Company (or any of its Subsidiaries) or that competes with the Company
or any of its Subsidiaries, or (iv) owns, directly or indirectly, in whole or in
part, any real property, leasehold interests, or other property or any Permits,
the use of which is necessary for the conduct of the business of the Company or
its Subsidiaries as currently conducted and as proposed to be conducted. To the
Company's Knowledge, no Related Person has any direct or indirect (other than
through stock ownership in a public company) interest in any Contract to which
the Company or its Subsidiaries is a party or by which it is bound.

      3.19  Assets and Properties. The Company and each of its Subsidiaries has
good and marketable title to its assets and properties, and a valid leasehold
interest in leasehold estates, free and clear of all Encumbrances, other than
(i) Permitted Encumbrances and (ii) those that have arisen in the ordinary
course of business consistent with past practice and that do not materially
impair the ownership or use of such assets or properties. Such assets and
properties are in such operating condition and repair as is suitable for the
uses for which they are used in the business of the Company and its
Subsidiaries, are not subject to any condition which materially interferes

                                       20

<PAGE>

with the use thereof by the Company or its Subsidiaries, as the case may be,
and, together with rights under the Intercompany Agreements, constitute all
assets, properties, interests in properties and rights necessary to permit the
Company and its Subsidiaries to carry on their business after the Closing
substantially as conducted by the Company and its Subsidiaries prior thereto.

      3.20  Insurance. The Company and each of its Subsidiaries has in full
force and effect all insurance policies, with coverage, in customary amounts
(subject to reasonable deductibles), sufficient to provide adequate insurance
coverage for all of the assets and properties of the Company and its
Subsidiaries for all material risks in compliance with all applicable Laws,
Orders, and Permits. There are no pending claims against any such insurance
policy as to which the insurers have denied liability.

      3.21  Tax Matters.

            (a)   (i) All income, franchise and other material Tax Returns
      required to be filed by or with respect to the Company, any of its
      Subsidiaries or any Affiliated Group of which the Company or any of its
      Subsidiaries is or was a member have been properly prepared and duly and
      timely filed with the appropriate taxing authorities in all jurisdictions
      in which such Tax Returns are required to be filed (after giving effect to
      any valid extensions of time in which to make such filings); (ii) all
      amounts of Taxes due and payable by or with respect to the Company, any of
      its Subsidiaries or any Affiliated Group of which the Company or any of
      its Subsidiaries is or was a member for any periods prior to (A) the date
      of this Agreement have been fully and timely paid or accrued on the
      consolidated balance sheet of the Company and its Subsidiaries dated
      November 30, 2004 previously delivered by Parent to Purchasers and
      attached hereto as Schedule 3.21(a)(ii)(A), and (B) the last day of the
      month immediately preceding the Closing Date will have been fully and
      timely paid or accrued in the financial statements delivered to Purchasers
      pursuant to Section 5.11 (provided that such accruals are made consistent
      with past practice, in accordance with GAAP and reflect only Taxes
      properly allocable to the Company and its Subsidiaries (as opposed to
      those allocable to Parent and its Subsidiaries other than the Company and
      its Subsidiaries), unless being contested in good faith by the Company or
      its Subsidiaries (such contested matters and the exposure thereunder as of
      the date of the Initial Agreement are set forth on Schedule 3.21(a) and
      such contested matters arising after the date of the Initial Agreement and
      prior to the Closing Date shall be adequately reserved for in the
      financial statements delivered to Purchasers pursuant to Section 5.11);
      and (iii) with respect to any taxable period prior to the Closing Date for
      which (A) Tax Returns have not yet been filed, or (B) Taxes not yet due or
      owing, the Company and its Subsidiaries will have made due and sufficient
      current accruals for any such Taxes on the financial statements delivered
      to Purchasers pursuant to Section 5.11.

            (b)   The Company and each of its Subsidiaries have complied in all
      material respects with all applicable Laws relating to the payment and
      withholding of Taxes and have duly and timely withheld from employee
      salaries, wages, other compensation, and other amounts of Taxes and have
      paid over to the appropriate taxing authorities all

                                       21

<PAGE>

      amounts required to be so withheld and paid over for all periods
      (including portions thereof) ending on or prior to the Closing Date under
      all applicable Laws.

            (c)   The Company has delivered or made available to Purchasers true
      and complete copies of (i) all federal, state, local, and foreign income
      and franchise Tax Returns of the Company and each of its Subsidiaries (or,
      in the case of Tax Returns filed for an Affiliated Group, the portion of
      such consolidated Tax Returns relating to the Company and its
      subsidiaries) relating to the taxable periods since December 31, 2000, and
      (ii) any audit report issued within the last three years relating to Taxes
      due from or in respect of the Company or any of its Subsidiaries.

            (d)   To Parent's Knowledge, with respect to the Company and its
      Subsidiaries no claim has been made by a taxing authority in a
      jurisdiction where the Company or any of its Subsidiaries does not file a
      type of Tax Return such that it is or may be subject to that type of Tax
      in that jurisdiction.

            (e)   To Parent's Knowledge, with respect to the Company and its
      Subsidiaries, there are no current audits or investigations by any taxing
      authority in progress, nor has the Company or any of its Subsidiaries
      received written notice from any taxing authority that it intends to
      conduct such an audit or investigation. No agreement, waiver or other
      document or arrangement extending or having the effect of extending the
      period for assessment or collection of Taxes (including any applicable
      statute of limitation), has been executed or filed with the IRS or any
      other taxing authority by or on behalf of the Company or any of its
      Subsidiaries and no power of attorney in respect of any Tax matter is
      currently in force.

            (f)   Neither the Company, any of its Subsidiaries nor any other
      Person on any of their behalf has (i) agreed to or is required to make any
      adjustments pursuant to Section 481(a) of the Code or any similar
      provision of Law by reason of a change in accounting method initiated by
      the Company or any of its Subsidiaries or has any knowledge that the IRS
      or any other taxing authority has proposed any such adjustment or change
      in accounting method, or has any application pending with any taxing
      authority requesting permission for any changes in accounting methods that
      relate to the business or operations of the Company or any of its
      subsidiaries, or (ii) executed or entered into a closing agreement
      pursuant to Section 7121 of the Code or any predecessor provision thereof
      or any similar provision of Law in respect of the Company or any of its
      Subsidiaries.

            (g)   Neither the Company nor its Subsidiaries is a party to any tax
      sharing agreement or arrangement, or any other agreement relating to the
      allocation of responsibility for any Tax, pursuant to which it will have
      any obligation to make any payments after the Closing.

            (h)   There are no Encumbrances (other than Permitted Encumbrances)
      as a result of any unpaid Taxes upon any of the assets of the Company or
      its Subsidiaries.

                                       22

<PAGE>

            (i)   All distributions of shares by, or consisting of shares of,
      the Company, any of its Subsidiaries or any member of an Affiliated Group
      of which the Company or any of its Subsidiaries is or was a member,
      purporting to qualify for tax-free treatment under Section 355 of the Code
      so qualified. With respect to each distribution of shares purporting to
      qualify for tax-free treatment under Section 355 of the Code, neither the
      Company nor any of its Subsidiaries has constituted a "distributing
      corporation" or a "controlled corporation" (within the meaning of Section
      355(a)(1)(A) of the Code) in a distribution of shares qualifying for
      tax-free treatment under Section 355 of the Code (i) in the two (2) years
      prior to the date of the Initial Agreement in a distribution that
      constitutes part of a "plan" or "series of related transactions" (within
      the meaning of Section 355(e) of the Code) in conjunction with this
      acquisition or any other transaction (whether occurring before or after
      the Closing) or (ii) in a distribution that could otherwise constitute
      part of a "plan" or "series of related transactions" (within the meaning
      of Section 355(e) of the Code) in conjunction with this acquisition.

            (j)   Neither the Company nor any of its Subsidiaries has
      constituted a "U.S. real property holding company" within the meaning of
      Section 897(c)(2) of the Code at any time during the last five years.

            (k)   To Parent's knowledge, after due inquiry, neither the Company
      nor any of its Subsidiaries has engaged in any "reportable transaction"
      within the meaning of Treasury Regulation Section 1.6011-4.

            (l)   As of the date of the Initial Agreement, the Company and its
      Subsidiaries, in the aggregate, own intangible assets that are amortizable
      for federal income tax purposes with a tax basis equal to at least
      $1,000,000,000.

      3.22  Employee Benefit Plans.

            (a)   Schedule 3.22(a) sets forth a true and complete list of all
      "employee benefit plans" (as defined in Section 3(3) of the Employee
      Retirement Income Security Act of 1974, as amended ("ERISA")), and any
      employee benefit plans, agreements, arrangements, programs or payroll
      practices (including, without limitation, severance pay, vacation pay,
      company awards, salary continuation for disability, sick leave,
      retirement, deferred compensation, equity-based, bonus or other incentive
      compensation, stock purchase arrangements or policies, hospitalization,
      medical insurance, life insurance, and scholarship programs) maintained by
      the Company or any of its Subsidiaries or to which the Company or any of
      its Subsidiaries contributes or is obligated to contribute thereunder in
      respect of any current or former employee of the Company or any of its
      Subsidiaries or with respect to which the Company or any of its
      Subsidiaries could otherwise have any liability (contingent or otherwise),
      including any liability that results from the Company or any of its
      Subsidiaries being considered a single employer or under common control
      with any entity (whether incorporated or not) under Section 414(b), (c),
      (m) or (o) of the Code (an "ERISA Affiliate") (in each case, any of the
      foregoing, whether domestic or foreign, "Employee Benefit Plans"). The
      Amended Company Disclosure Letter identifies, in separate categories,
      Employee

                                       23

<PAGE>

      Benefit Plans that are (i) subject to Sections 4063 and 4064 of ERISA
      ("Multiple Employer Plans"), (ii) multiemployer plans (as defined in
      Section 4001(a)(3) of ERISA) ("Multiemployer Plans"), or (iii) "benefit
      plans" within the meaning of Section 5000(b)(1) of the Code providing
      continuing benefits after the termination of employment (other than as
      required by Section 4980B of the Code, Part 6 of Title I of ERISA or
      comparable state or local Laws and at the former employee's or his or her
      beneficiary's sole expense).

            (b)   Except as would not reasonably be expected to result in a
      Material Adverse Effect, each of the Employee Benefit Plans intended to
      qualify under Section 401 of the Code ("Qualified Plans") so qualify and
      the trusts maintained thereto are exempt from federal income taxation
      under Section 501 of the Code, and, to Parent's Knowledge, nothing has
      occurred in respect of the operation of any such plan that could cause the
      loss of such qualification or exemption or the imposition of any
      liability, penalty, or tax under ERISA or the Code.

            (c)   All contributions and premiums required by Law or by the terms
      of any Employee Benefit Plan have been timely made (without regard to any
      waivers granted in respect thereof) to any funds or trusts established
      thereunder or in connection therewith, and no accumulated funding
      deficiencies exist in any of such plans subject to Section 412 of the
      Code.

            (d)   The benefit liabilities (as defined in Section 4001(a)(16) of
      ERISA), of each of the Employee Benefit Plans subject to Title IV of ERISA
      using the actuarial assumptions that would be used by the Pension Benefit
      Guaranty Corporation (the "PBGC") in the event it terminated each such
      plan do not exceed the fair market value of the assets of each such plan.
      The liabilities of each Employee Benefit Plan that has been terminated or
      otherwise wound up, have been fully discharged in full compliance with
      applicable Law.

            (e)   During the 12-month period ending on the date of the Initial
      Agreement, no "reportable event" (as defined in Section 4043 of ERISA and
      the regulations thereunder) for which the 30-day reporting requirement has
      not been waived or extended has occurred with respect to any of the
      Employee Benefit Plans subject to Title IV of ERISA, nor has any event
      requiring notice to be provided under Section 4041(c)(3)(C) or 4063(a) of
      ERISA.

            (f)   There has been no violation of ERISA in respect of the filing
      of applicable returns, reports, documents, and notices regarding any of
      the Employee Benefit Plans with the Secretary of Labor or the Secretary of
      the Treasury or the furnishing of such notices or documents to the
      participants or beneficiaries of the Employee Benefit Plans that would
      reasonably be expected to result in a Material Adverse Effect.

            (g)   True and complete copies of the following documents, in
      respect of each of the Employee Benefit Plans that, after the Closing, the
      Company or any if its

                                       24

<PAGE>

      Subsidiaries will maintain, contribute to, or have any liability with
      respect to (as applicable), have been delivered to THL and TPG (i) any
      plans and related trust documents, and all amendments thereto, (ii) the
      most recent Forms 5500 for the past three years and schedules thereto,
      (iii) the most recent financial statements and actuarial valuations for
      the past three years, (iv) the most recent IRS determination letter, (v)
      the most recent summary plan descriptions (including letters or other
      documents updating such descriptions), and (vi) written descriptions of
      all material non-written agreements relating to such Employee Benefit
      Plans.

            (h)   There is no pending claim, action, suit, or proceeding that
      has been asserted or instituted against any Employee Benefit Plan , the
      assets of any such plans, the Company, any of its Subsidiaries, or the
      plan administrator or any fiduciary of the Employee Benefit Plans in
      respect of the operation of such plans (other than routine, uncontested
      benefit claims) and no Employee Benefit Plan is under audit or is the
      subject of any audit or investigation by any Governmental Entity, and
      there are no facts or circumstances that could form the basis for any such
      claim, action, suit, proceeding or audit, in each case, except to the
      extent it would not reasonably be expected to result in a Material Adverse
      Effect.

            (i)   Each of the Employee Benefit Plans has been maintained, in all
      material respects, in accordance with its terms and all provisions of
      applicable Law. All amendments and actions required to bring each of the
      Employee Benefit Plans into conformity in all material respects with all
      of the applicable provisions of ERISA and other applicable Laws have been
      made or taken except to the extent that such amendments or actions are not
      required by Law to be made or taken until a date after the Closing Date.
      Except to the extent it would not reasonably be expected to result in a
      Material Adverse Effect, neither the Company nor any of its Subsidiaries
      has incurred or reasonably expects to incur, either directly or indirectly
      (including as a result of an indemnification obligation), any liability
      under Title I or IV of ERISA or the penalty, excise tax or joint and
      several liability provisions of the Code or any foreign law or regulation
      relating to employee benefit plans (including, without limitation, Section
      406, 409, 502(i), 502(1), 4069 or 42 12(c) of ERISA, or Section 4971, 4975
      or 4976 of the Code), or under any agreement, instrument, statute, rule or
      legal requirement pursuant to or under which the Company or any of its
      Subsidiaries or any Employee Benefit Plan or Pension Plan has agreed to
      indemnify or is required to indemnify any person against liability
      incurred under, or for a violation or failure to satisfy the requirements
      of any such legal requirement, and to the knowledge of the Company, no
      event, transaction or condition has occurred, exists or is expected to
      occur which could result in any such liability to the Company or any of
      its Subsidiaries after the Closing.

            (j)   The Company, each of its Subsidiaries, and any ERISA Affiliate
      that maintains a "benefits plan" (within the meaning of Section 5000(b)(1)
      of ERISA) have complied with the notice and continuation requirements of
      Section 4980B of the Code or Part 6 of Title I of ERISA and the applicable
      regulations thereunder, except to the

                                       25

<PAGE>

      extent that failure to so comply would not reasonably be expected to
      result in a Material Adverse Effect.

            (k)   None of the Company, any of its Subsidiaries, any ERISA
      Affiliate or any organization to which any is a successor or parent
      corporation, has divested any business or entity maintaining or sponsoring
      a defined benefit pension plan having unfunded benefit liabilities (within
      the meaning of Section 4001(a)(18) of ERISA) or transferred any such plan
      to any Person other than the Company, any of its Subsidiaries, or any
      ERISA Affiliate during the five-year period ending on the Closing Date.

            (l)   To Parent's Knowledge, neither the Company nor any of its
      Subsidiaries nor any "party in interest" or "disqualified person" in
      respect of the Employee Benefit Plans has engaged in a "prohibited
      transaction" (within the meaning of Section 4975 of the Code or Section
      406 of ERISA) that would reasonably be expected to result in a Material
      Adverse Effect.

            (m)   None of the Company, any Subsidiary, or any ERISA Affiliate
      has terminated any Employee Benefit Plan subject to Title IV of ERISA, or
      incurred any outstanding liability under Section 4062 of ERISA to the PBGC
      or to a trustee appointed under Section 4042 of ERISA and no Person
      (including without limitation the Pension Benefit Guaranty Corporation)
      has instituted any proceeding to terminate any Employee Benefit Plan or
      Pension Plan or appoint a trustee to administer any such Employee Benefit
      Plan or Pension Plan, in each case, except to the extent it would not
      reasonably be expected to result in a Material Adverse Effect.

            (n)   Other than the granting of stock options pursuant to the Stock
      Incentive Plan, neither the execution and delivery of this Agreement nor
      the consummation of the transactions contemplated hereby will (i) result
      in any payment becoming due to any employee of Company or any of its
      Subsidiaries, (ii) increase any benefits otherwise payable under any
      Employee Benefit Plan or Pension Plan, or (iii) result in the acceleration
      of the time of payment, funding or vesting of any such benefits.

            (o)   No stock or other security issued by Company or any of its
      Subsidiaries forms or has formed a material part of the assets of any
      Employee Benefit Plan.

            (p)   There is no contract, agreement, plan or arrangement covering
      any Person that, individually or collectively, could give rise to the
      payment of any amount after the Closing Date by the Company or any
      Subsidiary that would not be deductible by the party making such payment
      by reason of Section 280G of the Code, or would constitute compensation in
      excess of the limitation set forth in Section 162(m) of the Code.

            (q)   Except to the extent it would not reasonably be expected to
      result in a Material Adverse Effect, each Foreign Plan, to the extent
      requiring qualification under any applicable governmental laws or
      authority, is so qualified. According to the

                                       26

<PAGE>

      actuarial assumptions and valuations most recently used for the purposes
      of funding each Foreign Plan (or, if the same has no such assumptions and
      valuations or is unfunded, according to actuarial assumptions and
      valuations in use by the PBGC on the date hereof), as of October 12, 2004
      the total amount or value of the funds available under each such Foreign
      Plan to pay benefits accrued thereunder or segregated in respect of such
      benefits, together with any reserve or accrual with respect thereto,
      exceeded the present value of all benefits (contingent or otherwise)
      accrued as of such date of all participants and past participants therein
      in respect of which the Company or any of its Subsidiaries has or would
      have after the Closing Date any obligation. For purposes hereof, the term
      "Foreign Plan" shall mean an Employee Benefit Plan with respect to current
      or former employees of the Company or any of its Subsidiaries employed
      outside the United States.

      3.23  Labor and Employment Matters.

            (a)   Except with respect to the Company's Kordoba Subsidiary,
      neither the Company nor any of its Subsidiaries is a party to any labor or
      collective bargaining agreement, and no employees of the Company or any of
      its Subsidiaries are represented by any labor organization. Within the
      preceding three years of the date of the Initial Agreement, there have
      been no material representation or certification proceedings, or petitions
      seeking a representation proceeding, pending or, to Parent's Knowledge,
      threatened to be brought or filed with the National Labor Relations Board
      or any other labor relations tribunal or authority. Within the preceding
      three years of the date of the Initial Agreement, to Parent's Knowledge,
      there have been no organizing activities involving the Company or any of
      its Subsidiaries in respect of any group of employees of Company or any of
      its Subsidiaries.

            (b)   There are no strikes, work stoppages, slowdowns, lockouts,
      material arbitrations, or material grievances or other material labor
      disputes pending or, to Parent's Knowledge, threatened against or
      involving the Company or any of its Subsidiaries.

            (c)   There are no material unfair labor practice charges,
      grievances or complaints pending or, to Parent's Knowledge, threatened by
      or on behalf of any employee or group of employees of the Company or its
      Subsidiaries. There are no complaints, charges, or claims against the
      Company or its Subsidiaries pending or, to Parent's Knowledge, threatened
      to be brought or filed with any Governmental Entity based on, arising out
      of, in connection with, or otherwise relating to the employment or
      termination of employment of any individual by the Company or its
      Subsidiaries.

            (d)   To Parent's Knowledge, as of the date of the Initial
      Agreement, no officer or key employee, or any group of key employees,
      intends to terminate his, her, or their employment with the Company or any
      of its Subsidiaries. The employment of each officer and U.S. employee of
      the Company and its Subsidiaries is terminable at the will of the Company
      or such Subsidiary, as the case may be. To Parent's Knowledge, no officer,
      employee, agent, or consultant of the Company or any of its

                                       27

<PAGE>

      Subsidiaries is in violation of any material term of any employment,
      consultant, non-disclosure, non-competition, confidentiality, or other
      equivalent agreement.

      3.24  Real Property.

            (a)   Schedule 3.24(a) sets forth a complete list of (i) the real
      property owned in fee by the Company or any of its Subsidiaries (the
      "Owned Real Property") and (ii) all real property leased by the Company or
      any of its Subsidiaries (the "Leased Real Property" and together with the
      Owned Real Property and all other rights or interests of the Company or
      its Subsidiaries in real property, the "Real Property"). None of the real
      property reflected in the Interim Balance Sheet has been disposed of and
      no real property has been acquired by the Company or any of its
      Subsidiaries since the date of the Interim Balance Sheet.

            (b)   The Company and each of its Subsidiaries has good and
      marketable title in fee simple to all Owned Real Property, and a valid
      leasehold interest in all Leased Real Property, in each case free and
      clear of all Encumbrances, except for Permitted Encumbrances.

            (c)   Each of the leases and subleases relating to the Leased Real
      Property is in full force and effect, there is no material default by the
      Company or any of its Subsidiaries or, to Parent's Knowledge, by the
      lessor under any such lease or sublease.

            (d)   The structures, plants, improvements, systems, and fixtures
      located on each parcel of Owned Real Property and, to Parent's Knowledge,
      Leased Real Property comply in all material respects with all Laws, and
      are in good operating condition and repair, ordinary wear and tear
      excepted. Each such parcel of Owned Real Property and, to Parent's
      Knowledge, Leased Real Property, conforms in all material respects with
      all covenants or restrictions of record and conforms with all applicable
      building codes and zoning requirements and there is not, to Parent's
      Knowledge, any proposed change in any such governmental or regulatory
      requirements or in any such zoning requirements.

      3.25  Environmental Matters. Except as would not reasonably be expected to
result in a Material Adverse Effect:

            (a)   The operations of the Company and each of its Subsidiaries are
      and have been in compliance with all applicable Environmental Laws,
      including obtaining, maintaining in good standing, and complying with all
      Permits required by Environmental Laws ("Environmental Permits"), and no
      action or proceeding is pending or, to Parent's Knowledge, threatened to
      revoke, modify, or terminate any such Environmental Permit, and, to
      Parent's Knowledge, no facts, circumstances, or conditions currently exist
      that could adversely affect such continued compliance with Environmental
      Laws and Environmental Permits or require currently unbudgeted capital
      expenditures to achieve or maintain such continued compliance with
      Environmental Laws and Environmental Permits.

                                       28

<PAGE>

            (b)   Neither the Company nor any of its Subsidiaries is the subject
      of any outstanding written Order or Contract with any Governmental Entity
      or other Person in respect of any (i) Environmental Laws, (ii) Remedial
      Action, or (iii) Release or threatened Release of a Hazardous Material.

            (c)   No claim has been made or is pending, or to Parent's
      Knowledge, threatened against the Company or any of its Subsidiaries
      alleging either or both that the Company or any of its Subsidiaries may be
      in violation of any Environmental Law or Environmental Permit or may have
      any Liability under any Environmental Law.

            (d)   No fact, circumstance, or condition exists in respect of the
      Company or any of its Subsidiaries or any property currently or formerly
      owned, operated, or leased by the Company or any of its Subsidiaries or
      any property to which the Company or any of its Subsidiaries arranged for
      the disposal or treatment of Hazardous Materials that could reasonably be
      expected to result in the Company or any Subsidiary incurring unbudgeted
      Environmental Costs and Liabilities.

            (e)   There is no investigation of the business, operations, or Real
      Property of the Company or any of its Subsidiaries or, to Parent's
      Knowledge, previously owned, operated, or leased property of the Company
      or its Subsidiaries pending or, to Parent's Knowledge, threatened that
      could lead to the imposition of any Environmental Costs and Liabilities or
      Encumbrances under any Environmental Law.

            (f)   To Parent's Knowledge, there is not located at any of the Real
      Property any (i) underground storage tanks, (ii) asbestos-containing
      material, or (iii) equipment containing polychlorinated biphenyls.

            (g)   The transactions contemplated by this Agreement do not trigger
      any requirements under any federal, state, local or foreign laws,
      statutes, codes, ordinances, rules, regulations or other legal
      requirements relating to the environment or natural resources which
      condition the transfer of assets, real estate or stock on the approval of
      or the need to notify a Governmental Entity having jurisdiction over the
      environment or natural resources, including, but not limited to the New
      Jersey Industrial Site Recovery Act and the Connecticut Transfer Act.

      3.26  Material Customers.

            (a)   The top ten (10) customers of the Company and its
      Subsidiaries, and annual revenues related to such customers for each of
      (i) the 2004 fiscal year as of October 31, 2004, and (ii) the fiscal year
      ended December 31, 2003, are listed by division of the Company on Schedule
      3.26(a) (the "Material Customers"). To Parent's Knowledge, no Material
      Customer of the Company or its Subsidiaries has given the Company or its
      Subsidiaries any written notice terminating, suspending, or reducing in
      any material respect, or specifying an intention to terminate, suspend, or
      reduce in any material respect in the future, or otherwise reflecting an
      adverse change in, the business relationship between such customer and the
      Company or its Subsidiaries, and there has

                                       29

<PAGE>

      not been any materially adverse change in the business relationship of the
      Company or its Subsidiaries with any such customer.

            (b)   Schedule 3.26(b) sets forth the names and annual revenues for
      each of (i) the 2004 fiscal year as of September 30, 2004, and (ii) the
      fiscal year ended December 31, 2003, of the Material Customers of the
      Company or any of its Subsidiaries which have cancelled or terminated
      their relationships with the Company during the twelve months prior to the
      date of this Agreement.

      3.27  Corporate Records. The Company has delivered or made available to
TPG and THL true and complete copies of its Certificate of Incorporation and
bylaws (in each case as amended to the date of the Initial Agreement). The
minute books previously made available to THL and TPG, of the Company and each
of its Subsidiaries contain complete and accurate records of all meetings and
accurately reflect all other corporate action of the stockholders and board of
directors (including committees thereof) of the Company and its Subsidiaries to
the date hereof, including all amendments and corrections.

                                   ARTICLE IV
                  Representations and Warranties of Purchasers

      Each of the Purchasers, severally as to itself only, and not jointly,
hereby makes the following representations and warranties to the Company, each
of which is true and correct as of the date of (i) the Initial Agreement with
respect to THL and TPG, and (ii) this Agreement with respect to Evercore and
BACI:

      4.1   Organization. Such Purchaser is a limited partnership, corporation
or a limited liability company duly formed, validly existing, and in good
standing under the Laws of the state of its incorporation or formation, as the
case may be.

      4.2   Authorization. Such Purchaser has the requisite partnership,
corporate or limited liability company power, as the case may be, to execute and
deliver this Agreement and each other Transaction Document to be executed by it
in connection with the consummation of the transactions contemplated hereby (the
"Purchaser Documents") and to perform its obligations hereunder and thereunder.
The execution and delivery by such Purchaser of this Agreement and each
Purchaser Document and the performance by it of its obligations hereunder and
thereunder have been (or at the time of execution will be) duly authorized by
all necessary partnership, corporate or limited liability company action, as the
case may be, on the part of such Purchaser. This Agreement has been (and each
Purchaser Document will be) duly executed and delivered by such Purchaser and,
assuming the due execution and delivery of this Agreement and each Purchaser
Document by the other party or parties hereto or thereto, constitutes or will
constitute a valid and binding obligation of such Purchaser enforceable against
such Purchaser in accordance with its terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium, or other equivalent Laws
affecting the enforcement of creditors' rights in general and subject to general
principles of equity (regardless of whether such enforceability is considered in
a proceeding at law or in equity).

                                       30

<PAGE>

      4.3   Consents and Approvals. Except as would not have a Purchaser
Material Adverse Effect, no consent, approval, waiver, order, or authorization
of, or registration, declaration, or filing with, or notice to, any Person or
Governmental Entity is required to be obtained or made by or in respect of, such
Purchaser in connection with the execution and delivery of this Agreement or any
Purchaser Document by such Purchaser, the performance by such Purchaser of its
obligations hereunder and thereunder, or the consummation of the transactions
contemplated hereby or thereby, other than the filing of premerger notification
and report forms under the HSR Act and any required filings with insurance
authorities in New York State.

      4.4   No Conflicts. Except as would not have a Purchaser Material Adverse
Effect, the execution and delivery of this Agreement does not (and each
Purchaser Document will not), and neither the performance by such Purchaser of
its obligations hereunder and thereunder, nor the consummation of the
transactions contemplated hereby and thereby, will (i) conflict with the
organizational and partnership documents of such Purchaser or (ii) violate any
Order of any Governmental Entity or Law applicable to such Purchaser.

      4.5   Brokers' Fees. Neither such Purchaser nor any Person acting on its
behalf has agreed to pay any commission, finder's or broker's fee, or equivalent
payment in connection with the transactions contemplated by this Agreement or
any matter related hereto to any Person for which the Company or any of its
Subsidiaries will be liable, except for the fees and expenses of Bear Stearns &
Co., Inc., which fees and expenses will be paid out of proceeds from this
Transaction in accordance with Section 2.4 hereof.

      4.6   Securities Law Matters; Valid Offering. Such Purchaser is acquiring
the Shares for investment for its own account, and not with a view to, or for
sale in connection with, any distribution thereof. Such Purchaser (either alone
or together with its advisors) has sufficient knowledge and experience in
financial and business matters so as to be capable of evaluating the merits and
risks of its investment in the Shares and is capable of bearing the economic
risks of such investment. Such Purchaser is an "accredited investor" as defined
in Rule 501(a) of Registration D under the Securities Act. Such Purchaser
understands and acknowledges that the Shares have not been registered under the
Securities Act, or the securities Laws of any state or foreign jurisdiction and,
unless so registered, may not be offered, sold, transferred, or otherwise
disposed of except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and any
applicable securities Laws of any state or foreign jurisdiction. THL further
represents and warrants to the Parent as to the matters set forth on Schedule
4.6(a). TPG further represents and warrants to the Parent as to the matters set
forth on Schedule 4.6(b). Evercore further represents and warrants to the Parent
that it is a Delaware limited partnership and is a "qualified institutional
buyer" as that term is defined in Rule 144A(a)(1). BACI further represents and
warrants to the Parent that it is a Delaware limited partnership and is a
"qualified institutional buyer" as that term is defined in Rule 144A(a)(1).

      4.7   Sufficiency of Funds. Such Purchaser will have at Closing sufficient
funds available to pay its portion of the Purchase Price, as set forth on
Schedule A attached hereto.

                                       31

<PAGE>

                                   ARTICLE V
                                   Covenants

      5.1   Access to Information. Between the date of the Initial Agreement and
the Closing Date, upon prior notice from the Purchasers Representatives to the
Company, the Company will afford to THL and TPG and their representatives
reasonable access during normal business hours to the employees, assets,
facilities, and the books and records of the Company and its Subsidiaries so as
to afford THL and TPG a full opportunity to make such review, examination, and
investigation of the Company and its Subsidiaries as THL and TPG may desire to
make. THL and TPG will be permitted to make extracts from or to make copies of
such books and records as may be reasonably necessary in connection therewith.
Prior to the Closing, the Company will (i) promptly furnish or cause to be
furnished to THL and TPG and their representatives such financial and operating
data and other information relating to the Company and its Subsidiaries as THL
and TPG or their representatives may reasonably request (including, at the
request of THL and TPG and so long as the such Purchasers execute all releases,
waivers and other agreements customary and reasonably requested by KPMG, the
work papers related to the audit of the Company's financial statements for the
year ended December 31, 2004), and (ii) instruct its officers and key employees
and its counsel and independent accountants to cooperate with THL and TPG and
their representatives in its investigation of the Company.

      5.2   Conduct of the Business.

            (a)   Except as approved by Purchasers Representatives in writing,
      between the date of the Initial Agreement and the Closing Date, the
      Company will, and will cause its Subsidiaries to, and Parent shall cause
      the Company and its Subsidiaries to (i) conduct the business of the
      Company and its Subsidiaries only in the ordinary course of business
      consistent with past practice, and (ii) use reasonable best efforts to
      cooperate with respect to and consummate the Financing.

            (b)   Between the date of the Initial Agreement and the Closing
      Date, without limiting the generality of Section 5.2(a), and except as
      otherwise expressly provided in this Agreement, without the prior written
      consent of the Purchasers Representatives, neither the Company nor any of
      its Subsidiaries will take any of the following actions, and Parent shall
      cause the Company and its Subsidiaries to refrain from taking any such
      actions:

                  (i)   make or incur any capital expenditure (including with
respect to internally developed and purchased software) that has not been
approved in writing or budgeted for prior to the date of the Initial Agreement
and, in either case, disclosed to THL and TPG prior to the date of the Initial
Agreement, and which are, in the aggregate, in excess of $50,000,000, provided,
that, if the Closing does not occur by April 1, 2005, such aggregate amount
shall be increased by $50,000,000;

                  (ii)  acquire, by merger or consolidation, or by purchase of,
or investments in, all or substantially all of the assets or stock of, any
business or any corporation, partnership, joint venture, limited liability
company, association or other business organization or division thereof (or
enter into any agreement other than any non-binding LOI with respect thereto) in
excess of $50,000,000 million prior to Closing in the aggregate; provided that,
if the

                                       32

<PAGE>

Closing does not occur by April 1, 2005, such aggregate amount shall be
increased by $50,000,000;

                  (iii) amend the certificate of incorporation or bylaws of the
Company or any of its Subsidiaries;

                  (iv)  other than in connection with the Financing, sell,
lease, encumber, transfer, or otherwise dispose of any properties or assets,
real, personal or mixed other than in the ordinary course of business consistent
with past practice; except that the scope of this covenant shall not include the
granting of Software licenses or the provision of services by the Company or any
Subsidiary;

                  (v)   other than in connection with the $2.7 Billion Note and
the Financing, create, incur, assume or guarantee any Indebtedness in excess of
$50,000,000 in the aggregate; provided that, if the Closing does not occur by
April 1, 2005, such aggregate amount shall be increased by $50,000,000 (provided
that any such Indebtedness incurred pursuant to this clause (v) shall be for the
purpose of effecting acquisitions);

                  (vi)  except as required in connection with the Financing and
the $2.7 Billion Note, prepay any of its Indebtedness or Capital Leases (other
than mandatory and regularly scheduled payments of principal and interest on
existing Capital Leases);

                  (vii) authorize or issue, or commit to authorize or issue any
equity securities or securities convertible into or exchangeable for any equity
securities of the Company or its Subsidiaries, or grant or issue any options,
warrants, rights, agreements or commitments with respect to the issuance of any
such equity securities;

                  (viii) enter into any contract or transaction between the
Company and any of its Subsidiaries on the one hand and any stockholder of the
Company or its Affiliates or any other Related Person on the other;

                  (ix)  (A) split, combine, or reclassify any shares of its
capital stock; (B) declare, set aside, or pay any dividend or make any other
distribution or payment (whether in cash, stock, or property or any combination
thereof) in respect of its capital stock or to its stockholders (other than (i)
with respect to Taxes properly allocated to the Company or its Subsidiaries and
arising in any period (or portion thereof) ending on or before the Closing Date,
(ii) amounts due related to intercompany payments or to fund intercompany
allocations by and among Parent and its Subsidiaries (other than the Company and
its Subsidiaries) and the Company and its Subsidiaries in a manner and amount
consistent with past practices and, with respect to Corporate Services only, in
amounts not to exceed $4,200,000 per month, or (iii) the Parent Distribution
(collectively, the "Excepted Payments")); (C) make any other actual,
constructive, or deemed distribution in respect of any shares of its capital
stock or otherwise make any payments (other than the Excepted Payments) to
stockholders in their capacity as such; or (D) redeem, repurchase, or otherwise
acquire any securities of the Company or any of its Subsidiaries;

                                       33

<PAGE>

                  (x)   waive any material rights under any Material Contract;

                  (xi)  fail to comply in any material respect with any Law
applicable to the Company or any of its Subsidiaries or their respective assets
or properties;

                  (xii) take any action, or knowingly omit to take any action,
that would or would reasonably be expected to result in any of the conditions to
the obligations of Purchasers set forth in Section 6.2 not being fully
satisfied;

                  (xiii) increase the rate of compensation of, or pay or agree
to pay any bonus or benefit to, its directors, officers or senior executives,
except as may be required by any existing plan, and except in the ordinary
course of business, consistent with past practice, as part of the Company's and
its Subsidiaries' annual merit cycle provided that, in no event shall any
bonuses be paid for services rendered in 2004 (or agreements to pay any such
bonuses be entered into) in excess of $55,000,000 in the aggregate;

                  (xiv) enter into, adopt or amend in any material respect any
written employment, severance or change of control agreement or, except as
required by law, adopt or modify any employee retention program or Employee
Benefit Plan, make any contributions to any Employee Benefit Plan not within the
ordinary course of business consistent with past practices, or take any action
that results in an acceleration of vesting or timing of any employee benefit
(other than by virtue of the existing terms thereof);

                  (xv)  enter into any covenants not to compete or any other
contracts or agreements which limit or restrict the ability of the Company or
its Subsidiaries to compete in any line of business in which they currently
operate other than such contracts or agreements entered into in the ordinary
course of business consistent with past practice;

                  (xvi) change any material election related to Taxes (unless
required by Law), settle or compromise any material Tax liability or agree to
any material adjustment of any Tax attribute, or fail to file any Tax Return
when due or fail to cause such Tax Returns when filed to be complete and
accurate in all material respects;

                  (xvii) accelerate receivables or delay payables in a manner
not consistent with past practice;

                  (xviii) adopt a plan of complete or partial liquidation,
dissolution, merger, consolidation, restructuring, recapitalization or other
reorganization of either of the Company or of any if its Subsidiaries or
otherwise sell all or substantially all of the assets of the Company or of its
Subsidiaries;

                  (xix) settle or compromise any pending claim, judicial or
administrative action, suit, proceeding or investigation for more than
$10,000,000 in the aggregate;

                                       34

<PAGE>

                  (xx)  make any change in any material method of accounting or
accounting practice or policy for tax or accounting purposes, other than those
required by GAAP or under applicable Law; or

                  (xxi) agree or commit to agree (in writing or otherwise) to do
any of the foregoing.

      5.3   Intercompany Agreements. Parent and the Company shall use their
reasonable best efforts to (a) identify all of the services that have been
historically provided by Parent to the Company or its Subsidiaries and all other
relationships between the Company or its Subsidiaries and Parent that are
necessary for the Company and its Subsidiaries to continue operating in a manner
that is substantially equivalent to the manner in which they have operated
during the twelve (12) months prior to this Agreement (the "Relationships"), (b)
identify all of the other relationships and agreements between the Company or
its Subsidiaries and Parent that are necessary for the separation of the Company
and its Subsidiaries from the Parent (the "Separation Agreements"), (c)
memorialize in various agreements (the "Intercompany Agreements") the terms and
conditions of each of the Relationships and services to be continued after the
Closing, and (d) enter into the Separation Agreements, in each case in
accordance with the provisions of this Section 5.3. The Relationships to be
covered by the Intercompany Agreements shall include, but shall not be limited
to, corporate services provided by Parent and its Subsidiaries to the Company
and its Subsidiaries (including, without limitation, payroll, employee benefits
and human resources, insurance, expense reimbursement and legal) ("Corporate
Services"), software licenses, information technology ("IT"), intellectual
property cross licenses, joint ownership and development, agency, starter
repository access, title plant maintenance and title plant access (collectively,
"Title Plant"), lease for space at the Company's headquarters, and tax
disaffiliation agreements (which tax disaffiliation agreements shall not alter
or amend any indemnification obligations of Parent under Section 8.2(a)(iii)).

      The Intercompany Agreements shall be negotiated between the Company and
Parent as promptly as practicable and prior to the Closing, and shall be in form
and substance reasonably satisfactory to the Parent, the Company and the
Purchasers Representatives. THL and TPG shall have the right to participate in
the negotiations of such Intercompany Agreements and each such party will
negotiate in good faith to complete the Intercompany Agreements as contemplated
by this Section 5.3. The Intercompany Agreements shall provide that the costs of
the Corporate Services to and from the Company shall be at each party's cost of
providing such services; provided that, in the case of the Corporate Services
provided to the Company, in no event shall the cost of such services per year
exceed the amounts set forth in that certain Corporate Services Agreement among
Parent and the Company entered into in connection with this Agreement. The costs
and fees of all other services and rights under the Intercompany Agreements
shall be at the fair market value thereof that would be obtainable from an
unaffiliated third party. The Parent will agree to provide the Corporate
Services (and unless earlier terminated by the Purchasers) to the Company at all
times prior to six months following the earlier to occur of (i) a Public
Offering, and (ii) a Sale of the Company (each as defined in the Stockholders'
Agreement). It is anticipated that any one Corporate Service may be terminated
without terminating any other Corporate Service under the relevant Agreement.
The initial term of the agency agreement shall be 10 years. The initial term of
the Title Plant agreement shall be 10 years. The initial term of
<PAGE>

the agreement pursuant to which the Company or one of its Subsidiaries will
provide IT services to Parent and its other Subsidiaries will be 5 years,
subject to a 2-year renewal at the option of Parent. The licensing to the
Company and its Subsidiaries of rights to the name "Fidelity" shall be on a
royalty-free basis, and for an initial 20-year term. Notwithstanding anything
herein to the contrary, the Company, Parent, THL and TPG will cooperate and use
reasonable best efforts to agree upon terms designed to facilitate the THL's and
TPG's objectives with respect to the extension or termination of any
Intercompany Agreement or portions thereof upon a Sale of the Company or a
Public Offering.

      5.4   All Reasonable Efforts; Further Assurances. Subject to the terms and
conditions hereof, each of the parties hereto shall use its reasonable best
efforts to take, or cause to be taken, all actions, and do, or cause to be done,
as promptly as practicable, all things necessary, proper, or advisable under
applicable Law to consummate and make effective as promptly as reasonably
practicable the transactions contemplated hereby, including, but not limited to,
obtaining all approvals, consents, waivers and authorizations set forth on
Schedule 6.2(g), executing the agreements in the forms set forth as Exhibits
hereto and consummating the Financing and the Parent Distribution. At and from
time to time after the Closing, at the request of any party hereto, the other
party shall execute and deliver such additional certificates, instruments, and
other documents and take such other actions as such party may reasonably request
in order to consummate the transactions contemplated by this Agreement.

      5.5   Approvals.

            (a)   Each party hereto shall proceed diligently and in good faith
      and shall use its reasonable best efforts to obtain, as promptly as
      practicable, (i) all authorizations, consents, orders and approvals of all
      Governmental Entities that may be or become necessary for such party's
      execution and delivery of, and the performance of its obligations pursuant
      to, this Agreement and the other Transaction Documents, including, without
      limitation, all authorizations or waivers required under the HSR Act and
      by the New York State Department of Insurance, and (ii) all approvals and
      consents required under all Contracts to which the Company or any of its
      Subsidiaries is a party to consummate the transactions contemplated
      hereby. Each party will cooperate fully (including, without limitation, by
      providing all information the other party reasonably requests) with the
      other parties in promptly seeking to obtain all such authorizations,
      consents, orders and approvals. Notwithstanding anything to the contrary
      in this Section 5.5, the Parent and the Company shall not be required to
      agree to (i) the divestiture (including through a licensing arrangement)
      by the Parent or any of the Parent's Subsidiaries (including the Company
      and its Subsidiaries) of any of their respective businesses, product lines
      or assets, or (ii) the imposition of any limitation on the ability of any
      of them to conduct their business or to own or exercise control of such
      assets, properties and stock (each, a "Business Restraint"). All filing
      fees required to be paid in connection with any filing under the HSR Act
      shall be expenses of the Purchasers paid in accordance with Section 2.4.
      Notwithstanding anything herein to the contrary, in obtaining any consent
      required hereunder, the Purchasers shall not be required to consent to any
      restrictions on or any other Business Restraint on their

                                       36
<PAGE>

      businesses or those of their Affiliates nor to modify any term of (i)
      their investment in the Company or (ii) the Transaction Documents in any
      material respect.

            (b)   The Company shall cause LSI Title Agency, Inc., an indirect
      wholly-owned subsidiary of the Company ("LSI"), to proceed diligently and
      in good faith and to use its reasonable best efforts to obtain as promptly
      as possible after Closing state licenses required to act as a title
      insurance and escrow agent in Nevada and Utah.

            (c)   Each party hereto shall promptly inform the other parties of
      any communication from any Governmental Entity regarding any of the
      transactions contemplated by this Agreement. If any party or Affiliate
      thereof receives a request for additional information or documentary
      material from any such Governmental Entity in respect of the transactions
      contemplated hereby, then such party will endeavor in good faith to make,
      or cause to be made, as soon as reasonably practicable and after
      consultation with the other parties, an appropriate response in compliance
      with such request.

            (d)   The covenants set forth in (i) Section 5.5(a) with respect to
      obtaining all necessary approvals from the New York State Department of
      Insurance ("NYSDI"), (ii) Section 5.5(b) with respect to state title agent
      licenses, and (iii) Section 5.5(c) as such Section relates to the NYSDI
      approval and state licenses shall continue in full force and effect after
      the Closing until such time as the Form A Filing is either approved or
      denied by the NYSDI or such state licenses are obtained or denied, as the
      case may be.

      5.6   Public Announcements. The Company and Parent, on the one hand, and
the Purchasers Representatives, on the other hand, will consult with each other
and will mutually agree (the agreement of each party not to be unreasonably
withheld) upon the content and timing of any press release or other public
statement in respect of the transactions contemplated hereby and the Company,
Parent and each Purchaser shall not issue any such press release or make any
such public statement prior to such consultation and agreement, except as may be
required by applicable Law or the rules or regulations of any exchange on which
a party or its Affiliates' securities are listed or quoted; provided, however,
that the Company and Parent, on the one hand, and the Purchasers
Representatives, on the other hand, will give prior notice to the other party of
the content and timing of any such press release or other public statement, and
provided, further, that BACI and Evercore shall each be permitted to disclose
the Transaction under the "Portfolio Section" of its website in a manner
substantially similar to the transactions currently described therein, and shall
be permitted to send an announcement of the Transaction to certain of its
contacts, provided that in each case the content of such disclosure shall be
approved by the Company prior to such disclosure, such consent not to be
unreasonably withheld.

      5.7   Notification. From the date of the Initial Agreement through the
Closing Date, the Company and Parent will notify each Purchaser of any change,
circumstance, condition, development, effect, event, fact, or result in respect
of the business, operations, financial condition, results of operations, assets
or liabilities, of the Company or its Subsidiaries that,

                                       37
<PAGE>

individually or in the aggregate, has resulted in or could reasonably be
expected to result in a Material Adverse Effect.

      5.8   Exclusivity. At all times prior to the termination of this Agreement
in accordance with the terms hereof, the Company and Parent shall not, and shall
cause their officers, directors, employees, agents, advisors and other
representatives not to, directly or indirectly:

            (a)   solicit offers for, respond to any unsolicited offers for,
      enter into or conduct any negotiations with any other Person in respect
      of, or consummate or enter into any agreement, arrangement or
      understanding in respect of, a (i) sale of any securities of the Company
      or any material assets of the Company (other than sales of the Company's
      products and services in the ordinary course of business) or (ii)
      recapitalization, restructuring, merger, consolidation or other business
      combination involving the Company; or

            (b)   disclose any non-public information relating to the business
      operations or affairs of the Company to any Person, afford any such other
      Person access to the books, records, information or assets of the Company,
      or otherwise assist or encourage any such other Person in connection with
      any proposed (i) acquisition of any securities or material assets of the
      Company (other than sales of the Company's products and services in the
      ordinary course of business) or (ii) recapitalization, restructuring,
      merger, consolidation or other business combination involving the Company.

      5.9   Confidentiality. Each party hereto agrees that such party will hold,
and will use all commercially reasonable efforts to cause its officers,
directors, members, managers, partners, employees, accountants, counsel,
consultants, advisors, financial sources, financial institutions, and agents
(the "Representatives") to hold, in confidence in accordance with the
Non-Disclosure Agreements all confidential information and documents received
from the other party hereto and the parties hereby agree that the Non-Disclosure
Agreements are not superseded and shall remain in effect pursuant to their
terms. By executing this Agreement, Evercore and BACI each expressly agree to be
bound by the terms of the Non-Disclosure Agreements to the same extent as THL
and TPG.

      5.10  Transfer Taxes. The Company shall pay all sales, use, transfer,
stamp, conveyance, value added, or other equivalent taxes, duties, excises, or
governmental charges imposed by any domestic or foreign taxing authority and all
recording and filing fees, notorial fees, and other equivalent costs in
connection with the issuance, sale or delivery of the Securities and shall
indemnify and hold harmless Purchasers without limitation as to time against any
and all liabilities in respect thereof.

      5.11  Financial Statements. (a) Between the date of the Initial Agreement
and the Closing Date, the Company shall deliver to the Purchasers
Representatives, (i) as soon as reasonably practicable in accordance with normal
practice after the end of each month, unaudited combined balance sheets of the
Company and its Subsidiaries as of the end of such month (commencing with the
delivery of such statements for the month of November, 2004) and combined
statements of income for such month and for the period commencing at the end of
the

                                       38
<PAGE>

previous fiscal year and ending with the end of such month, setting forth in
each case in comparative form the corresponding figures for the corresponding
period of the preceding fiscal year, all in reasonable detail (the "Monthly
Financials"), and (ii) promptly after they are available, the audited combined
balance sheet of the Company and its Subsidiaries at and for the fiscal year
ending December 31, 2004 and the related combined statements of income, cash
flows and stockholders' equity for the period then ending, together with the
report of KPMG LLP with respect thereto (the "2004 Statements"); (b) The 2004
Statements shall be prepared in accordance with GAAP, consistent with past
practices and shall fairly present the combined financial condition, assets and
liabilities, results of operations, cash flows, and changes in stockholders'
equity of the Company and its Subsidiaries as of the dates, and for the periods,
indicated therein; and (c) The Monthly Financials shall be prepared in
accordance with GAAP, consistent with past practices.

      5.12  Non-Competition Agreements. The Parent shall use reasonable best
efforts to obtain, in connection with option grants to such persons, amendments
to the existing non-competition agreements (or covenants, in those circumstance
where the non-compete is contained in an employment agreement) of each of Hugh
Harris, Ernie Smith, Michael Sanchez, Francis Sanchez, Gary Norcross and Roger
Leitner to cover not only Fidelity Information Services, Inc., but also Fidelity
National Information Services, Inc. and all of its Subsidiaries.

      5.13  New York State Title Insurance Subsidiary.

            (a)   In connection with the filing of a Form A with the NYSDI by
each of THL and TPG in connection with the Transaction (the "Form A Filing"),
the parties hereto acknowledge that on March 1, 2005, all outstanding equity
securities of National Title Insurance of New York, Inc., an indirect,
wholly-owned subsidiary of the Company ("National Title"), were transferred, in
the form of a dividend, to Parent for no consideration. Parent hereby agrees
that within two (2) business days after approval of the Form A Filing by the
NYSDI, it will transfer or contribute through the Company all outstanding equity
securities of National Title to LSI for no consideration, resulting in National
Title becoming an indirect wholly-owned subsidiary of the Company.

            (b)   Parent hereby agrees that until the earlier to occur of such
time as (i) the Form A Filing has been denied, and (ii) the Form A Filing has
been approved and National Title has become an indirect wholly-owned subsidiary
of the Company, it will cause National Title (A) not to make any distributions
to its shareholders, (B) to operate in the ordinary course of business
consistent with past practice, (C) not to encumber, pledge or transfer any of
the assets or securities of National Title, (D) not to authorize, issue, or
commit to issue any equity securities of National Title, or grant any options,
warrants or commitments with respect to such equity securities, (E) not to make
any loans to or payments on behalf of obligations of Parent or any of its
Subsidiaries (other than the Company and its Subsidiaries), and (F) not to enter
into any guarantees or other contingent obligations for the benefit of the
Parent or any of its Subsidiaries (other than the Company and its Subsidiaries).

            (c)   The parties agree that Chicago Title Insurance Company, LSI
Division ("CTI") will continue to conduct all title and escrow business in the
states of Connecticut and

                                       39
<PAGE>

Massachusetts at all times prior to the date on which the earlier to occur of
(i) the Form A Filing is approved by the NYSDI , or (ii) LSI is able to process
title and escrow business in such states through local law firms or other
properly licensed entities pursuant to written agreements satisfactory to the
Company (such period, the "Interim Period"). Following the Interim Period, CTI
will no longer conduct such title and escrow business and such business will be
moved to LSI. In addition, CTI will continue to conduct all title and escrow
business in Nevada and Utah (for each such line of business and each such state,
a "State Interim Period") until the earlier to occur of (A) LSI obtaining a
license to act as a title insurance agent or escrow agent, as applicable, in
such state, or (B) the Form A Filing is approved by the NYSDI, but only to the
extent National Title is licensed as a title insurance company or escrow agent,
as applicable, in such state. After the State Interim Period has expired for any
applicable state, CTI will no longer conduct such title agency or escrow
business, as applicable, and such business will be moved to LSI. At any time,
and only for such time, while CTI is conducting title agency and escrow business
in a particular state, the revenues generated from the conduct of such business
shall be retained by CTI. In the event that the Form A Filing is not approved by
the NYSDI within six (6) months following Closing, LSI will enter into written
"alliance agreements", in forms satisfactory to the Company, with local law
firms in Connecticut and Massachusetts, pursuant to which LSI will process the
title and escrow business in such states through such local law firms.

      5.14  Certain Business in Certain Counties. As of the Closing Date, LSI
will not have title plant access in the California Counties (as defined in
Schedule 3.10) and in each county in the State of Washington (together with the
California Counties, the "Affected Counties"). As a result thereof, CTI will
continue to conduct business (other than escrow) in the California Counties and
all business in the other Affected Counties until such time as Parent has
acquired or built title plants in each Affected County. Upon acquisition or
completion of a title plant in an Affected County by Parent or its subsidiaries,
LSI will obtain access to such title plant and the related business of CTI shall
be moved to LSI on terms no less favorable to LSI than the terms set forth in
title plant access agreements entered into as of the date hereof by and between
Parent and the Company. In connection with this arrangement, Parent and the
Company will enter into a license agreement, pursuant to which the Company shall
provide to Parent and its subsidiaries certain technology, products and services
that will assist and enable CTI to conduct the applicable businesses in the
Affected Counties (the "License Agreement"). The License Agreement shall be
deemed an Intercompany Agreement in accordance with Section 5.3. The combined
impact on the Financial Statements of (a) the continued conduct of the above
described business by CTI, and (b) the License Agreement is set forth on
Schedule 3.10.

                                   ARTICLE VI
                         Conditions Precedent to Closing

      6.1   Conditions Precedent to the Company's Obligations. The obligation of
the Company to consummate the issuance and sale of the Shares as contemplated
hereby on the Closing Date is subject to the satisfaction or waiver by the
Company of the following conditions:

            (a)   Accuracy of Representations and Warranties. The
      representations and warranties of the Purchasers contained herein shall be
      true and correct as of the date of

                                       40
<PAGE>

      (i) the Initial Agreement with respect to THL and TPG, and (ii) this
      Agreement with respect to Evercore and BACI, and as of the Closing with
      respect to all Purchasers, with the same effect as if made at and as of
      such time (except to the extent expressly made as of a date other than the
      date of this Agreement, in which case such representations and warranties
      shall be true and correct only as of such date), except where the failure
      of such representations and warranties to be so true and correct (without
      giving effect to any limitation as to "Purchaser Material Adverse Effect"
      qualifiers set forth therein) does not have, and would not reasonably be
      likely to have a Purchaser Material Adverse Effect. The representations
      and warranties contained in Section 4.6 shall be true and correct as of
      the date of (i) the Initial Agreement with respect to THL and TPG, and
      (ii) this Agreement with respect to Evercore and BACI, and as of the
      Closing with respect to all Purchasers, with the same effect as if made at
      and as of such time.

            (b)   Performance of Covenants. The Purchasers shall have performed
      and complied, in all material respects, with the covenants and provisions
      of this Agreement required to be performed or complied with by them
      between the date of the Initial Agreement and the Closing Date with
      respect to THL and TPG, and the date of this Agreement and the Closing
      Date with respect to Evercore and BACI.

            (c)   Closing Deliveries. The Purchasers shall have delivered to the
      Company each item set forth in Section 7.2 required to be delivered by the
      Purchasers on or before the Closing Date.

            (d)   Approvals. No judgment, order, decree, statute, law,
      ordinance, rule or regulation, entered, enacted, promulgated, enforced or
      issued by any court or other Governmental Entity of competent jurisdiction
      or other legal restraint or prohibition (collectively, "Restraints") shall
      be in effect, and there shall not be pending or threatened any suit,
      action or proceeding by any Governmental Entity (i) preventing the
      consummation of the transactions contemplated by the Transaction
      Documents, (ii) prohibiting or limiting the ownership or operation by the
      Company or the Parent and their respective Subsidiaries of any portion of
      the business or assets of the Company or the Parent and their respective
      Subsidiaries, or compelling the Company or the Parent and their respective
      Subsidiaries to dispose of or hold separate any portion of the business or
      assets of the Company or the Parent and their respective Subsidiaries, as
      a result of the transactions contemplated by the Transaction Documents or
      (iii) which otherwise would reasonably be likely to have a Material
      Adverse Effect.

            (e)   Litigation. No action, suit, or proceeding shall have been
      initiated or threatened with the probable or reasonably likely effect of
      enjoining or preventing the consummation of the transactions contemplated
      hereby or seeking damages on account thereof.

            (f)   HSR Act. All applicable waiting periods, if any, in respect of
      the transactions contemplated hereby under the HSR Act shall have expired
      or terminated.

                                       41
<PAGE>

            (g)   Financing. The Company shall have received the funds
      contemplated by, and on terms reasonably comparable to the terms set forth
      in the Financing Term Sheet attached hereto as Exhibit E, and the Parent
      Distribution shall have been made.

            (h)   Consents and Waivers. All approvals, authorizations, consents,
      and waivers of any Person or Governmental Entity set forth on Schedule
      6.1(h) that are required in connection with the execution and delivery of
      any Transaction Document, the performance of the parties of their
      obligations hereunder or thereunder, and the consummation of the
      transactions contemplated hereby and thereby shall have been duly obtained
      and effective prior to or as of the Closing Date.

            (i)   Minimum Purchase. The Company shall have received payment from
      the Purchasers of the aggregate Purchase Price.

      6.2   Conditions Precedent to Purchasers' Obligations. The obligation of
each Sponsor Group to consummate the transactions contemplated hereby shall be
contingent upon the other Sponsor Group simultaneously performing its
obligations hereunder. Notwithstanding anything to the contrary contained
herein, if a Sponsor Group does not perform its obligations under this Agreement
(the "Defaulting Sponsor Group"), the non-Defaulting Sponsor Group shall have
the right (but not the obligation) to (a) extend the Closing Date by 10 business
days, and (b) assume the obligations of such Defaulting Sponsor Group for its
own behalf, or the behalf of any of its Affiliates which is reasonably
satisfactory to the Company and Parent, provided that such Affiliates shall
enter into this Agreement and the other Purchaser Documents to which the
Defaulting Sponsor Group was or would have been a party. Evercore's and BACI's
obligations to consummate their respective purchase of Shares shall be
conditioned upon each Sponsor Group performing its obligations under this
Agreement. In addition, the obligation of each Purchaser to consummate the
purchase of the Shares from the Company as contemplated hereby is subject to the
satisfaction or waiver by such Purchaser on the Closing Date of the following
conditions:

            (a)   Accuracy of Representations and Warranties. The
      representations and warranties of Parent, after giving effect to the
      Amended Company Disclosure Letter, (i) contained in Article III, other
      than those referred to below in clause 6.2(a)(ii), shall be true and
      correct as of the date of the Initial Agreement and as of the Closing,
      with the same effect as if made at and as of such time (except to the
      extent expressly made as of a date other than the date of the Initial
      Agreement, in which case such representations and warranties shall be true
      and correct only as of such date), except where the failure of such
      representations and warranties to be so true and correct (without giving
      effect to any "Material Adverse Effect" qualifiers set forth therein) does
      not have, and would not reasonably be likely to have a Material Adverse
      Effect, and (ii) contained in each of Section 3.1, 3.2, 3.3, 3.6, 3.7,
      3.8, 3.9, 3.10, 3.11 and 3.21 (the "No MAE Reps") shall be true and
      correct in all material respects (without giving effect to any limitation
      as to "Material Adverse Effect" qualifiers set forth therein) as of the
      date of the Initial Agreement and as of the Closing, with the same effect
      as if made at and as of such time (except to the extent expressly made as
      of a date other than the

                                       42
<PAGE>

      date of the Initial Agreement, in which case such representations and
      warranties shall be true and correct only as of such date).

            (b)   Performance of Covenants. The Company and Parent shall have
      performed and complied, in all material respects, with the covenants and
      provisions of this Agreement required to be performed or complied with by
      them between the date of the Initial Agreement and the Closing Date.

            (c)   Approvals. No Restraints shall be in effect, and there shall
      not be pending or threatened any suit, action or proceeding by any
      Governmental Entity (i) preventing the consummation of the transactions
      contemplated by the Transaction Documents, (ii) except as contemplated by
      Section 5.13 hereof, prohibiting or limiting the ownership or operation by
      the Company and its Subsidiaries of any portion of the business or assets
      of the Company and its Subsidiaries or compelling the Company and its
      Subsidiaries to dispose of or hold separate any portion of the business or
      assets of the Company and its Subsidiaries as a result of the transactions
      contemplated by the Transaction Documents or (iii) which otherwise would
      reasonably be likely to have a Material Adverse Effect.

            (d)   Closing Deliveries. The Company and Parent shall have
      delivered to the Purchasers each item set forth in Section 7.1 required to
      be delivered by the Company or Parent on or before the Closing Date.

            (e)   Litigation. No action, suit, or proceeding shall have been
      initiated or threatened with the probable or reasonably likely effect of
      enjoining or preventing the consummation of the transactions contemplated
      hereby or seeking damages on account thereof.

            (f)   HSR Act. All applicable waiting periods, if any, in respect of
      the transactions contemplated hereby under the HSR Act shall have expired
      or terminated.

            (g)   Consents and Waivers. All approvals, authorizations, consents,
      and waivers of any Person or Governmental Entity set forth on Schedule
      6.2(g) that are required in connection with the execution and delivery of
      any Transaction Document, the performance of the Company of its
      obligations hereunder or thereunder, and the consummation of the
      transactions contemplated hereby and thereby shall have been duly obtained
      and effective prior to or as of the Closing Date.

            (h)   Board of Directors. Each of Thomas M. Hagerty, Seth Lawry,
      Jonathan Coslet and Marshall Haines shall have been duly nominated and
      elected to the Board of Directors of the Company ("Board of Directors"),
      and William P. Foley, II shall have been elected as Chairman of the Board
      of Directors.

            (i)   D&O Insurance. Purchasers shall have received evidence
      reasonably satisfactory to them that Parent has in place a directors' and
      officers' liability insurance policy for directors of Parent and its
      subsidiaries, with coverage of at least $125.0

                                       43
<PAGE>

      million of "Side A", "Side B" and "Side C" coverage, plus an additional
      $20.0 million of "Side A" coverage.

            (j)   Assignments. Parent shall have assigned to the Company, or one
      of its subsidiaries, as appropriate, the inventions referred to as "AQUA",
      "SCORE" and "ATOMS" and related patent applications with respect thereto
      and such assignments shall have been filed with the United States Patent
      and Trademark office ("USPTO"). Additionally, Parent shall have filed
      documentation with the USPTO indicating that the 24 registered trademarks
      and 3 trademark applications set forth on Annex 6.2(j) hereto (the "LSI
      Marks"), which are currently on file with the USPTO as owned by Lender's
      Service, Inc., are now owned by LSI Title Company, and setting forth
      accurate chain of title thereto.

            (k)   Intentionally Left Blank.

            (l)   Incentive Plan. The Company shall have adopted the 2005 Stock
      Incentive Plan, in substantially the form attached hereto as Exhibit C.
      Shares of the Company's Common Stock, representing 7.5% of the Company's
      outstanding Common Stock, on a fully diluted basis immediately after the
      Closing, shall have been reserved for issuance under such Plan.

            (m)   Financing; Repayment of Indebtedness. The Company shall have
      received the funds contemplated by, and on terms reasonably comparable to
      the terms set forth in the Financing Term Sheet, and the Purchasers shall
      have received evidence satisfactory to them that all of the Company's
      Indebtedness (other than with respect to Capital Leases and the Financing)
      shall have been repaid and all liens securing such Indebtedness shall have
      been released. Except as imposed by the Financing, there shall be no
      Encumbrances (other than Permitted Encumbrances) on any of the assets of
      the Company or its Subsidiaries on the Closing Date.

            (n)   Indemnification Agreements. The Company shall have entered
      into separate Indemnification Agreements between the Company and each
      director designated by the Purchasers, each substantially in the form of
      Exhibit H attached hereto.

            (o)   Cash Management Systems. The Company shall have established
      treasury and cash management systems and controls that are reasonably
      acceptable to Purchasers and separate and apart from those of Parent.

            (p)   Minimum Cash. The Company and its Subsidiaries shall have cash
      and cash equivalents (excluding cash held at Kordoba) of at least
      $120,000,000 after giving effect to the payment by the Company of the
      intercompany payable of $106.7 million reflected on Schedule 3.11 hereto
      (provided the Financing has occurred and including at least $70.0 million
      of proceeds funded to the balance sheet from the proceeds of the Financing
      and this Transaction), as certified by a Certificate on behalf of the
      Company delivered by the Chief Financial Officer of Parent. Such minimum
      amount will be

                                       44
<PAGE>

      adjusted downward to reflect the use of cash to make acquisitions that
      have been approved in advance by the Purchasers Representatives.

            (q)   EBITDA. Excluding any extraordinary items, including
      write-offs of intangibles, the Company's EBITDA for the year ended
      December 31, 2004 shall be at least $558.0 million, as certified by a
      Certificate on behalf of the Company delivered by the Chief Financial
      Officer of Parent.

            (r)   Permits. On or before the Closing Date, (i) LSI shall have
      obtained state licenses (i) to conduct its title insurance business in
      Oregon and Washington, and (ii) to conduct its escrow business in Arizona,
      Oregon and Washington.

                                  ARTICLE VII
                               Closing Deliveries

      7.1   Items to Be Delivered by the Company. At the Closing, each of the
Parent and the Company shall deliver to the Purchasers:

            (a)   Stock Certificates. One or more validly issued stock
      certificates to each Purchaser representing the Shares to be acquired by
      such Purchaser duly executed by the appropriate officers of the Company.

            (b)   Certified Charter. A certified copy of the Certificate of
      Incorporation (or equivalent operational document) of the Company,
      certified by the Secretary of State of Delaware, as of a date no earlier
      than ten (10) days prior to the Closing.

            (c)   Good Standing. A certificate of good standing of the Company
      issued by the Secretary of State of Delaware.

            (d)   Officer's Certificate. A certificate, dated as of the Closing
      Date, duly executed on behalf of each of Parent and the Company by the
      President and the Secretary of each of Parent and the Company certifying
      that the conditions set forth in Sections 6.2(a) and (b), have been fully
      satisfied.

            (e)   Independent Accountants' Review. The combined balance sheet of
      the Company and its Subsidiaries as of September 30, 2004 and the related
      statements of earnings, equity and comprehensive earnings and cash flows
      for the nine (9) month period then ended, including an Independent
      Accountants' Review Report issued by KPMG LLP in accordance with
      Statements on Standards for Accounting and Review Services issued by the
      American Institute of Certified Public Accountants (the "September
      Financials") shall have been delivered to Purchasers. The parties
      acknowledge and agree that the September Financials will not reflect (i)
      the business of LSI related to title agency and escrow services in
      Connecticut, Massachusetts, Nevada and Utah, or (ii) the business of
      National Title.

            (f)   Transaction Documents. Executed versions of each of the other
      Transaction Documents to which it is a party.

                                       45
<PAGE>

      7.2   Items to Be Delivered by Purchasers. At the Closing, each Purchaser
shall deliver to the Company:

            (a)   Purchase Price. Its respective portion of the Purchase Price
      in accordance with Section 2.2.

            (b)   Transaction Documents. Executed versions of each of the other
      Transaction Documents to which it is a party.

            (c)   Officer's Certificates. A certificate, dated as of the Closing
      Date, duly executed by such Purchaser certifying that the conditions set
      forth in Sections 6.1(a), and (b) have been fully satisfied with respect
      to such Purchaser.

                                  ARTICLE VIII
                          Survival and Indemnification

      8.1   Survival of Representations, Warranties, and Covenants.

            (a)   The representations and warranties of the Parent and the
      Purchasers contained in this Agreement and in any certificate delivered
      pursuant hereto shall survive until the date that is 45 days after receipt
      by the Purchasers of the consolidated audited financial statements of the
      Company and its Subsidiaries for the fiscal year ending December 31, 2005
      (provided, however, that representations and warranties made in Sections
      3.2, 3.5, 3.6, 3.7, 3.8, 3.21, the third sentence of 3.22(i), 4.2, 4.5 and
      4.6 shall survive until sixty (60) days after any applicable statute of
      limitations or indefinitely if no such statute of limitations is
      applicable). Any claim for indemnification in respect of any
      representation or warranty that is not asserted by notice given as herein
      provided relating thereto prior to the expiration of the specified period
      of survival shall not be pursued and is hereby irrevocably waived after
      the expiration of such period of survival. Any claim for an Indemnifiable
      Loss in respect of such a breach asserted within such period of survival
      as herein provided will be timely made for purposes hereof.

            (b)   Unless a specified period is set forth in this Agreement (in
      which event such specified period will control), the covenants in this
      Agreement will survive and remain in effect indefinitely.

      8.2   Indemnification.

            (a)   Parent shall indemnify, defend, and hold harmless the
      Purchasers, the Company and their Affiliates (provided however that the
      Parent shall not be obligated to indemnify, defend or hold harmless the
      Company and its Affiliates at any time after both THL and TPG no longer
      hold any of the Shares (including any equity securities into which such
      shares may subsequently be converted or exchanged into)) from and against
      any and all Indemnifiable Losses to the extent relating to, resulting
      from, or arising out of:

                                       46
<PAGE>

                  (i)   any breach of representation or warranty of Parent under
      this Agreement or any certificate delivered in connection herewith;

                  (ii)  any breach or nonfulfillment of any agreement or
      covenant of the Company or Parent under this Agreement;

                  (iii) any and all Taxes imposed on the Company or any of its
      Subsidiaries (A) for any taxable year or period (or portion thereof) that
      ends on or before the Closing Date (except, with respect to any particular
      Tax, to the extent the amount of such Tax has been (1) paid, (2) accrued
      on the consolidated balance sheet of the Company and its Subsidiaries
      dated November 30, 2004 previously delivered to Purchasers by Parent, (3)
      accrued in the financial statements delivered to Purchasers pursuant to
      Section 5.11 (the "Accruals") (provided that such Accruals are made
      consistent with past practice, in accordance with GAAP and reflect only
      Taxes properly allocable to the Company and its Subsidiaries (as opposed
      to FNF and its Subsidiaries, other than the Company and its Subsidiaries)
      and including any amounts distributed under clause (i) of 5.2(b)(ix) (B)
      to the extent such distributions exceed the amounts accrued on the
      November 30, 2004 or the Accruals, or (4) with respect to the period
      commencing the last day of the month immediately preceding the Closing
      Date through the Closing Date, Taxes incurred in the ordinary course of
      business of the Company and its Subsidiaries), and (B) under Treasury
      Regulation Section 1.1502-6(a) (or any similar provision of Law) by reason
      of being a member of any Affiliated Group on or before the Closing Date.
      Parent shall, unless prohibited by applicable Law, cause the Company and
      its Subsidiaries to close the taxable period of the Company and its
      Subsidiaries as of the close of business on the Closing Date. If
      applicable Law does not permit the Company or any of its Subsidiaries to
      close its taxable year on the Closing Date, the amount of such Taxes
      allocable to the portion of such period ending on the Closing Date shall
      (i) in the case of any Taxes based upon or related to income or gross
      receipts, be deemed equal to the amount which would be payable if the
      relevant taxable period ended on the Closing Date, and (ii) in the case of
      any Taxes other than Taxes based upon or related to income or gross
      receipts, be deemed to be the amount of such Taxes for the entire period
      multiplied by a fraction the numerator of which is the number of days in
      the portion of the period ending on the Closing Date and the denominator
      of which is the number of days in the entire period. Any allocation of
      income or deductions required to determine any Taxes relating to a such
      period shall be taken into account as though the relevant taxable period
      ended on the Closing Date and by means of a closing of the books and
      records of the Company or its Subsidiary, as applicable, as of the close
      of the Closing Date; provided that exemptions, allowances or deductions
      that are calculated on an annual basis (including, but not limited to,
      depreciation and amortization deductions) shall be allocated between the
      period ending on the Closing Date and the period after the Closing Date in
      proportion to the number of days in each such period.

                  (iv)  Title IV of ERISA solely as a result of the Company
      being or having been an ERISA Affiliate of Parent.

                                       47
<PAGE>

      Except with respect to actual and direct damage suffered by a Purchaser
(in which event any indemnification payment related thereto will be made to such
Purchaser, or at such Purchaser's election, to the Company), the Purchasers
Representatives shall determine, in their sole discretion, as to whether the
Company, the Purchasers, or any other party entitled to indemnification pursuant
to this Section 8.2(a) shall be the recipient of indemnification payments made
hereunder; provided, however, that in the event the Purchasers Representatives
determine that the Purchasers are to be the recipients of indemnification
payments pursuant to this Section 8.2(a), each Purchaser shall be entitled to
its pro rata share of such indemnification payments based on the number of
Shares purchased.

            (b)   Purchasers shall severally, but not jointly, indemnify,
      defend, and hold harmless the Company, the Parent and their Affiliates
      from and against any and all Indemnifiable Losses to the extent relating
      to, resulting from, or arising out of:

                  (i)   any breach of representation or warranty of such
      Purchaser under this Agreement or any certificate delivered in connection
      herewith; and

                  (ii)  any breach or nonfulfillment of any agreement or
      covenant of such Purchaser under this Agreement.

            (c)   For purposes of determining whether a breach of a
      representation and warranty has occurred and for purposes of determining
      the amount of any Indemnifiable Loss for all purposes under this Article
      VIII, each representation and warranty contained in this Agreement (other
      than the representation in Section 3.12(ii)) shall be read without regard
      to any materiality or Material Adverse Effect qualifier contained therein.

      8.3   Deductible; Maximum Liability. Neither Parent nor the Purchasers
shall be obligated to indemnify and hold harmless their respective Indemnitees
under Section 8.2(a)(i) or Section 8.2(b)(i) unless and until the aggregate
amount of all Indemnifiable Losses by the Indemnitees under such Section
8.2(a)(i) or Section 8.2(b)(i), as the case may be, exceeds $30.0 million for
all Indemnifiable Losses (the "Deductible"), at which point Parent or the
Purchasers, as the case may be, shall be liable to their respective Indemnitees
for the value of the Indemnitee's claims under Section 8.2(a)(i) or Section
8.2(b)(i), as the case may be, that is in excess of the Deductible, subject to
the limitations set forth in this Article VIII . The maximum aggregate liability
of each of Parent and the Purchasers (allocated pro rata on the basis of the
number of Shares purchased in the case of the Purchasers), as the case may be,
to their respective Indemnitees for any and all Indemnifiable Losses pursuant to
this Article VIII shall be $250.0 million (the "Cap"). Notwithstanding anything
to the contrary contained herein, neither the Deductible nor the Cap shall apply
with respect to Indemnifiable Losses to the extent relating to, resulting from,
or arising out of (x) any breach or nonfulfillment of any agreement or any
covenant contained in this Agreement, (y) any breach of representation or
warranty contained in any of Sections 3.2, 3.5, 3.6, 3.7, 3.8, 3.21, the third
sentence of 3.22(i), 4.2, 4.5 and 4.6, or any Indemnifiable Loss under Section
8.2(a)(iii); provided, however, that Parent shall not be obligated to indemnify
and hold harmless any Indemnitee hereunder for a breach of Section 3.21 or for
any Indemnifiable Loss relating to, resulting from, or arising out of clause (A)
of

                                       48
<PAGE>

Section 8.2(a)(iii), unless and until the aggregate amount of all such
Indemnifiable Losses under such Section 3.21 and Section 8.2(a)(iii) exceeds
$250,000 and then only to the extent of the Purchase Price, or (z) any
Indemnifiable Losses relating to, resulting from or arising out of ERISA matters
set forth in Section 8.2(a)(iv).

      8.4   Definitions. As used in this Agreement:

      (i)   "Indemnitee" means any person entitled to indemnification under this
Agreement;

      (ii)  "Indemnitor" means any person required to provide indemnification

under this Agreement;

      (iii) "Indemnifiable Losses" means any and all damages, losses,
liabilities, obligations, costs, and expenses, and any and all claims, demands,
actions, suits, proceedings, or investigations or appeals by any Person,
including the costs and expenses of any and all assessments, judgments,
settlements, and compromises relating thereto but not including attorneys' fees
and expenses in respect thereof and in respect of establishing the right to
indemnification hereunder; provided, however that any Indemnity Payment (x) made
to the Purchasers shall be prorated to reflect only the Purchasers' then
percentage ownership interest in the Company, and, shall in no event include any
special or punitive damages (unless in connection with a Third Party Claim), and
(y) shall be net of any (A) amounts actually recovered (after deducting related
costs and expenses) or recoverable by the Indemnitee for the Indemnifiable
Losses for which such Indemnity Payment is made under any insurance policy,
warranty or indemnity from any Person other than a party hereto, and (B) Tax
benefits actually realized by the Indemnitee in respect of any Indemnifiable
Losses for which such Indemnity Payment is made.

      (iv)  "Indemnity Payment" means any amount of Indemnifiable Losses
required to be paid pursuant to this Agreement; and

      (v)   "Third-Party Claim" means any claim, action, suit, or proceeding
made or brought by any person that is not a party to this Agreement or an
Affiliate of a party to this Agreement.

      8.5   Procedures for Third-Party Claims.

            (a)   If any Indemnitee receives notice of assertion or commencement
      of any Third-Party Claim against such Indemnitee in respect of which an
      Indemnitor may be obligated to provide indemnification under this
      Agreement, the Indemnitee shall give such Indemnitor reasonably prompt
      written notice (but in no event later than 30 days after becoming aware)
      thereof; provided, however, that no delay on the part of the Indemnitee in
      notifying any Indemnitor shall relieve the Indemnitor from any obligation
      hereunder unless (and then solely to the extent) the Indemnitor is
      actually prejudiced by such delay.

            (b)   Any Indemnitor will have the right to defend the Indemnitee
      against the Third-Party Claim with counsel of its choice reasonably
      satisfactory to the Indemnitee

                                       49
<PAGE>

      so long as (i) the Indemnitor notifies the Indemnitee in writing within
      thirty (30) days after the Indemnitee has given notice of the Third-Party
      Claim that the Indemnitor will indemnify the Indemnitee from and against
      any such Indemnifiable Losses, (ii) the Indemnitor provides the Indemnitee
      with evidence reasonably acceptable to the Indemnitee that the Indemnitor
      will have the financial resources to defend against the Third-Party Claim
      and, (iii) the Indemnitor conducts the defense of the Third-Party Claim
      actively and diligently; provided, that, in the event settlement of, or an
      adverse judgment in respect of, a Third-Party Claim, is likely, in the
      good faith judgment of a Purchaser who is an Indemnitee hereunder, to
      adversely affect the reputation or business of such Purchaser or its
      Affiliates, such Purchaser shall have the right to defend, at its expense,
      against such Third-Party Claim with the counsel of its choice. The
      Purchasers may also participate in defense of any other Third-Party Claim
      at their expense.

            (c)   So long as the Indemnitor is conducting the defense of the
      Third-Party Claim in accordance with Section 8.5(b), (i) the Indemnitee
      may retain separate co-counsel at its sole cost and expense and
      participate in the defense of the Third-Party Claim, (ii) the Indemnitee
      will not consent to the entry of any judgment or enter into any compromise
      or settlement in respect of the Third-Party Claim without the prior
      written consent of the Indemnitor (which consent will not be unreasonably
      conditioned, delayed, or withheld), and (iii) the Indemnitor will not
      consent to the entry of any judgment or enter into any compromise or
      settlement in respect of the Third-Party Claim without the prior written
      consent of the Indemnitee (which consent will not be unreasonably
      conditioned, delayed, or withheld); provided, however, that, in respect of
      clause (iii) above, the Indemnitee may condition such consent upon the
      delivery by the claimant or plaintiff to the Indemnitee of a duly executed
      unconditional release of the Indemnitee from all liability in respect of
      such Third-Party Claim.

            (d)   In the event any condition set forth in Section 8.5(b) is or
      becomes unsatisfied, however, (i) the Indemnitee may defend against, and
      consent to the entry of any judgment or enter into any settlement in
      respect of, the Third-Party Claim in any manner it reasonably may deem
      appropriate, provided that the Indemnitee will consult with and obtain the
      consent of the Indemnitor in connection therewith which shall not be
      unreasonably conditioned, delayed, or withheld, (ii) the Indemnitor will
      reimburse the Indemnitee promptly and periodically for the costs of
      defending against the Third-Party Claim (including reasonable attorneys'
      fees and expenses), and (iii) the Indemnitor will remain responsible for
      any Indemnifiable Losses the Indemnitee may suffer resulting from, arising
      out of, relating to, in the nature of, or caused by, the Third-Party Claim
      to the fullest extent provided in this Section 8.5.

      8.6   Direct Claims. The Indemnitor will have a period of thirty (30) days
within which to respond in writing to any claim by an Indemnitee on account of
an Indemnifiable Loss that does not result from a Third-Party Claim (a "Direct
Claim"). If the Indemnitor does not so respond within such 30 day period, the
Indemnitor will be deemed to have rejected such claim, in which event the
Indemnitee will be entitled to pursue such remedies as may be available to the

                                       50
<PAGE>

Indemnitee. In any case where the Purchasers are the Indemnitees, the Purchasers
may bring the claim on behalf of the Purchasers or the Company, in their sole
discretion.

      8.7   Sole Remedy. The parties hereto acknowledge and agree that, if the
Closing occurs, their sole and exclusive remedy following the Closing with
respect to any and all claims arising out of or related to the transactions
contemplated by this Agreement shall be pursuant to the provisions set forth in
this Article VIII; provided, however that nothing contained herein shall prevent
an Indemnitee from bringing a claim based on fraud.

      8.8   Certain Other Matters. Upon making any Indemnity Payment, Indemnitor
will, to the extent of such Indemnity Payment, be subrogated to all rights of
Indemnitee against any third person (other than an insurance company) in respect
of the Indemnifiable Loss to which the Indemnity Payment related; provided,
however, that (i) Indemnitor shall then be in compliance with its obligations
under this Agreement in respect of such Indemnifiable Loss and (ii) until
Indemnitee fully recovers its Indemnity Payment, any and all claims of the
Indemnitor against any such third person on account of such Indemnity Payment
will be subrogated and subordinated in right of payment to Indemnitee's rights
against such third person. Without limiting the generality or effect of any
other provision hereof, each such Indemnitee and Indemnitor will duly execute
upon request all instruments reasonably necessary to evidence and perfect the
above-described subrogation and subordination rights. Any Indemnity Payment
hereunder shall be treated as an adjustment to the applicable purchase price.

                                   ARTICLE IX
                                   Termination

      9.1   Termination. This Agreement may be terminated and the transactions
contemplated hereby abandoned at any time prior to the Closing:

            (a)   by the written agreement of Purchasers Representatives, on the
      one hand, and the Company, on the other hand;

            (b)   by Purchasers Representatives or the Company if there shall
      have been entered a final, non-appealable order or injunction by any
      Governmental Entity prohibiting or restraining the consummation of the
      transactions contemplated hereby or any material part hereof;

            (c)   by Parent, on the one hand, and the Purchasers
      Representatives, on the other hand, if a Purchaser (with respect to the
      Parent's termination right) or the Parent or the Company (with respect to
      the Purchasers Representatives right) shall have breached or failed to
      perform in any material respect any of its representations, warranties,
      covenants or other agreements contained in this Agreement, which breach or
      failure to perform (A) would give rise to the failure of a condition to
      the terminating party's obligations as set forth in Article VI, and (B)
      such breach or failure to perform is incapable of being or has not been
      cured by the breaching party within 20 calendar days after giving written
      notice to the breaching party of such breach or failure to perform;
      provided, however that with respect to any breach of the No MAE Reps, the
      Parent shall have the right for 10 business

                                       51
<PAGE>

      days following the receipt of notice from the Purchasers Representatives
      of their intent to terminate this Agreement pursuant to this section, to
      attempt to cure such breach prior to the Purchasers being deemed to have
      any right to terminate this Agreement pursuant to this section;

            (d)   by Parent and the Company if any Restraint having any of the
      effects set forth in Section 5.5 shall be in effect and shall have become
      final and nonappealable (provided that the right to terminate this
      Agreement under this Section 9.1(d) shall not be available to any party
      who has materially breached any representation or warranty or failed to
      fulfill any obligation under this Agreement);

            (e)   [Intentionally omitted];

            (f)   by Purchasers Representatives or Parent on or after May 31,
      2005, if the Closing has not occurred prior to such date; provided that
      the right to terminate this Agreement under this Section 9.1(f) shall not
      be available to any party who has materially breached any representation
      or warranty or failed to fulfill any obligation under this Agreement.

The party desiring to terminate this Agreement pursuant to Section 9.1(b),
9.1(c), 9.1(d) or 9.1(f) shall promptly give written notice of such termination
to the other party.

      9.2   Effect of Termination. Except for Section 5.6, 5.9 and this Section
9.2 and Article X which shall survive any termination of this Agreement, upon
the termination of this Agreement pursuant to Section 9.1, this Agreement shall
become null and void and of no further force and effect and all obligations of
the parties hereto shall terminate and there shall be no liability or obligation
of any party hereto; provided, however, that nothing herein shall relieve any
party hereto from liability for its default under or breach of any
representation, warranty, covenant, or agreement under this Agreement prior to
such termination.

                                    ARTICLE X
                                  Miscellaneous

      10.1  Amendments. This Agreement may be amended, modified, or supplemented
only pursuant to a written instrument making specific reference to this
Agreement and signed by each of THL, TPG, Parent and Company; provided, however,
that no such modification or amendment which adversely affects either Evercore
or BACI disproportionately to any other Purchaser shall be permitted without the
written consent of Evercore or BACI, as applicable.

      10.2  Assignment. This Agreement and the rights and obligations hereunder
shall not be assigned, delegated, or otherwise transferred (whether by operation
of law (other than a merger), by contract, or otherwise) without the prior
written consent of the Purchasers Representatives hereto; provided, however,
that any Purchaser may, without obtaining the prior written consent of any other
party, assign, delegate, or otherwise transfer its rights and obligations
hereunder to any Affiliate of such Purchaser so long as (i) such Affiliate joins
as a Purchaser party hereto, and (ii) such assignment, delegation or other
transfer does not affect the accuracy of the representations

                                       52
<PAGE>

and warranties provided in Section 4.6. Any attempted assignment, delegation, or
transfer in violation of this Section 10.2 shall be void and of no force or
effect.

      10.3  Binding Effect. Except as otherwise expressly provided herein, this
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and permitted assigns. In addition, all
decisions, elections or other actions expressly provided to the Purchasers
Representatives under this Agreement, when made, shall be binding on all other
Purchasers to the same extent such decisions, elections or other actions are
binding on THL and TPG.

      10.4  Counterparts. This Agreement may be executed in multiple
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 instrument.

      10.5  Entire Agreement. This Agreement (including the Schedules attached
hereto) and the Transaction Documents constitute the entire agreement of the
parties hereto in respect of the subject matter hereof and thereof, and
supersede all prior agreements or understandings, among the parties hereto,
including the Initial Agreement, in respect of the subject matter hereof and
thereof. Except for the representations and warranties expressly set forth in
this Agreement, neither the Company, Parent, any Purchaser nor any other Person
has made and does not hereby make any express or implied representations or
warranties of any nature.

      10.6  Fees and Expenses.

            (a)   The Company shall pay, out of the proceeds of the Purchase
      Price, all actual, reasonable and out-of-pocket expenses incurred by or on
      behalf of the Purchasers (including, without limitation, legal, accounting
      and investment banking fees and expenses) in connection with the
      preparation, negotiation, execution, delivery, and performance of this
      Agreement and each Transaction Document, including legal and financial
      diligence relating thereto but in no event in an amount in excess of $45
      million (inclusive of all amounts paid at Closing under Section 2(a) of
      the Management Agreements).

            (b)   The Company shall pay, out of the proceeds of the Purchase
      Price and the Transaction, all actual, reasonable and out-of-pocket
      expenses incurred by or on behalf of the Company and the Parent
      (including, without limitation, legal, accounting and investment banking
      fees and expenses) in connection with the preparation, negotiation,
      execution, delivery, and performance of this Agreement and each
      Transaction Document and the consummation of the transactions contemplated
      hereby and thereby but in no event in an amount in excess of $10 million.
      The Company shall pay, out of the proceeds of the Financing, all actual,
      reasonable and out of pocket expenses incurred by or on behalf of the
      Parent or the Company (including, without limitation, legal, accounting
      and investment banking fees, commitment fees and other bank costs, fee and
      expenses) in connection with the preparation, negotiation, execution,
      delivery, and performance of this Agreement and each Transaction

                                       53
<PAGE>

      Document, including legal and financial diligence relating thereto but in
      no event in an amount in excess of $50 million.

      10.7  Governing Law. This Agreement shall be enforced, governed, and
construed in all respects in accordance with the laws of the State of New York
applicable to contracts executed and performable solely in such state.

      10.8  Headings. The article and section headings of this Agreement are for
convenience of reference only and shall not be deemed to alter or affect the
meaning or interpretation of any provision hereof.

      10.9  Jurisdiction. The parties hereto agree that any action, suit, or
proceeding seeking to enforce any provision of, or based on any matter arising
out of or relating to, this Agreement or the transactions contemplated hereby
can only be brought in federal court sitting in the Southern District of New
York or, if such court does not have jurisdiction, any state court sitting in
the Borough of Manhattan, New York County, New York, and each of the parties
hereto hereby consents to the jurisdiction of such courts (and of the
appropriate appellate courts therefrom) in any such action, suit, or proceeding
and irrevocably waives, to the fullest extent permitted by Law, any objection
that it may now or hereafter have to the laying of the venue of any such action,
suit, or proceeding in any such court or that any such action, suit, or
proceeding that is brought in any such court has been brought in an inconvenient
forum.

      10.10 Notices. Any notice, demand, request, instruction, correspondence,
or other document required or permitted to be given hereunder by any party to
the other shall be in writing and delivered (i) in person, (ii) by a nationally
recognized overnight courier service requiring acknowledgment of receipt of
delivery, (iii) by United States certified mail, postage prepaid and return
receipt requested, or (iv) by facsimile, as follows:

      If to the Company, to:

      Fidelity National Information Services, Inc.
      601 Riverside Avenue
      Jacksonville, FL 32204
      Attention: Gregory S. Lane
      Facsimile No.: )904)357-1026

      If to Parent, to:

      Fidelity National Financial, Inc.
      601 Riverside Avenue
      Jacksonville, FL 32204
      Attention: Gregory S. Lane
      Facsimile No.: (904)357-1026
      If to a Purchaser, to:

      the addresses set forth on Schedule A

                                       54
<PAGE>

      with a copy to (which shall not constitute notice):

      Weil, Gotshal & Manges LLP
      100 Federal Street
      Boston, MA 02110
      Attention: James Westra
                 Marilyn French
      Facsimile No.: 617.772.8333

      and if to TPG Partners IV, L.P. or its affiliates, with a copy to
      (which shall not constitute notice):

      Cleary Gottlieb Steen & Hamilton LLP
      One Liberty Plaza
      New York, NY 10006
      Attention: David Leinwand
      Facsimile: (212) 225-3999

      and if to Evercore, with a copy to (which shall not constitute notice):

      Simpson Thacher & Bartlett LLP
      425 Lexington Avenue
      New York, NY 10017
      Attention: Alan Schwartz
      Facsimile: 212-455-2502

      and if to BACI, with a copy to (which shall not constitute notice):

      Kennedy Covington Lobdell & Hickman, L.L.P.
      Hearst Tower
      214 North Tryon Street, 47th Floor
      Charlotte, NC 28202
      Attention: T. Richard Giovannelli
      Facsimile: (704) 353-3184

      Notice shall be deemed given, received, and effective on: (i) if given by
personal delivery or courier service, the date of actual receipt by the
receiving party, or if delivery is refused on the date delivery was first
attempted; (ii) if given by certified mail, the third day after being so mailed
if posted with the United States Postal Service; and (iii) if given by
facsimile, the date on which the facsimile is transmitted if confirmed by
transmission report during the transmitter's normal business hours, or at the
beginning of the next business day after transmission if confirmed at any time
other than the transmitter's normal business hours. Any person entitled to
notice may change any address or facsimile number to which notice is to be given
to it by giving notice of such change of address or facsimile number as provided
in this Section 10.10. The

                                       55
<PAGE>

inability to deliver notice because of changed address or facsimile number of
which no notice was given shall be deemed to be receipt of the notice as of the
date such attempt was first made.

      10.11 No Recourse. Notwithstanding any provision of this Agreement to the
contrary, each party hereto agrees that absent fraud, willful misconduct or
intentional misrepresentation, neither it nor any person acting on its behalf
may assert any claim or cause of action against any officer, director,
stockholder, controlling person, manager, member, partner, employer, agent,
representative, or Affiliate of any other party nor their respective officers,
directors, stockholders, controlling persons, managers, members, partners,
employees, agents, or representatives in connection with, arising out of, or
relating to this Agreement, the Transaction Documents, or the transactions
contemplated hereby or thereby, in each case, except to the extent any such
Person is a party to such Transaction Document.

      10.12 Severability. If any provision of this Agreement or the application
of such provision to any person or circumstance shall be held (by a court of
competent jurisdiction) to be invalid, illegal, or unenforceable under the
applicable Law of any jurisdiction, (i) the remainder of this Agreement or the
application of such provision to other persons or circumstances or in other
jurisdictions shall not be affected thereby, and (ii) such invalid, illegal, or
unenforceable provision shall not affect the validity or enforceability of any
other provision of this Agreement.

      10.13 Specific Performance. The Parties hereby acknowledge and agree that
if any party fails to perform (i) under this Agreement prior to Closing or (ii)
under any covenants contained in Sections 5.5 and 5.13 following the Closing,
monetary damages alone may not be adequate to compensate the other parties for
their injuries. Each party shall, therefore, in addition to any other remedy
that may be available to them, be entitled to seek to obtain specific
performance of (i) this Agreement for failure to perform under this Agreement
prior to Closing and (ii) the covenants contained in Sections 5.5 and 5.13
following the Closing. If any action, suit, or proceeding is instituted by a
party to enforce this Agreement, the other parties hereby waive the defense that
there is an adequate remedy at law. In the event of a Default by a party that
results in the filing of an action for damages, specific performance, or other
remedies, the winning party shall be entitled to reimbursement by the defaulting
party of all reasonable attorneys' fees and expenses incurred by it.

      10.14 Third-Party Beneficiaries. Except as expressly provided in Article
VIII, nothing express or implied in this Agreement is intended or shall be
construed to confer upon or give any Person other than the parties hereto and
their respective permitted assigns any rights or remedies under or by reason of
this Agreement or the transactions contemplated hereby.

      10.15 Waiver. Except as otherwise expressly provided herein, the rights
and remedies provided for herein are cumulative and not exclusive of any right
or remedy that may be available to any party whether at law, in equity, or
otherwise. No delay, forbearance, or neglect by any party, whether in one or
more instances, in the exercise of any right, power, privilege, or remedy
hereunder or in the enforcement of any term or condition of this Agreement shall
constitute or be construed as a waiver thereof. No waiver of any provision
hereof, or consent required hereunder, or any consent or departure from this
Agreement, shall be valid or binding unless expressly and affirmatively made in
writing and duly executed by the party to be charged with such waiver. No

                                       56
<PAGE>

waiver shall constitute or be construed as a continuing waiver or a waiver in
respect of any subsequent breach or Default, either of equivalent or different
nature, unless expressly so stated in such writing.

      10.16 Purchaser Obligations. All obligations of the Purchasers contained
herein shall be several, not joint.

                  [Remainder of Page Intentionally Left Blank]

                                       57
<PAGE>

      IN WITNESS WHEREOF, the undersigned have executed this Stock Purchase
Agreement as of the date first above written.

                          FIDELITY NATIONAL INFORMATION SERVICES,
                          INC.

                          By: _____________________________________
                          Name: ___________________________________
                          Title:__________________________________

                          FIDELITY NATIONAL FINANCIAL, INC.

                          By: _____________________________________
                          Name: ___________________________________
                          Title:__________________________________

                          THOMAS H. LEE EQUITY FUND V, L.P.

                          By: THL Equity Advisors V, LLC, its general partners
                          By: Thomas H. Lee Partners, L.P., its sole member
                          By: Thomas H. Lee Advisors LLC, its general partner

                          By: __________________________________________Name:
                          Title: Managing Director

                                       58
<PAGE>

                          THOMAS H. LEE PARALLEL FUND V, L.P.

                          By: THL Equity Advisors V, LLC, its general partner
                          By: Thomas H. Lee Partners, L.P., its sole member
                          By: Thomas H. Lee Advisors LLC, its general partner

                          By: __________________________________________Name:
                          Title: Managing Director

                          THOMAS H. LEE CAYMAN FUND V, L.P.

                          By: THL Equity Advisors V, LLC, its general partner
                          By: Thomas H. Lee Partners, L.P., its sole member
                          By: Thomas H. Lee Advisors LLC, its general partner

                          By: __________________________________________Name:
                          Title: Managing Director

                          THOMAS H. LEE INVESTORS LIMITED PARTNERSHIP

                          By: THL Investment Management Corp., its general
                          partner

                          By:___________________________________________Name:
                          Title:

                          PUTNAM INVESTMENTS EMPLOYEES'
                          SECURITIES COMPANY I LLC

                          By: Putnam Investment Holdings, LLC, its managing
                          member
                          By: Putnam Investments, LLC, its managing member

                                       59
<PAGE>

                          By: __________________________________________Name:
                          Title:

                          PUTNAM INVESTMENTS EMPLOYEES'
                          SECURITIES COMPANY II LLC

                          By: Putnam Investment Holdings, LLC, its managing
                          member
                          By: Putnam Investments, LLC, its managing member

                          By: __________________________________________Name:
                          Title:

                                       60
<PAGE>

                          PUTNAM INVESTMENT HOLDINGS, LLC

                          By: Putnam Investments, LLC, its managing member

                          By: __________________________________________Name:
                          Title:

                          TPG PARTNERS IV, L.P.

                          By: TPG GenPar IV, L.P., its general partner
                          By: TPG Advisors IV, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                          TPG PARTNERS III, L.P.

                          By: TPG GenPar III, L.P., its general partner
                          By: TPG Advisors III, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                          TPG PARALLEL III, L.P.

                          By: TPG GenPar III, L.P., its general partner
                          By: TPG Advisors III, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                                       61
<PAGE>

                          TPG INVESTORS III, L.P.

                          By: TPG GenPar III, L.P., its general partner
                          By: TPG Advisors III, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                          FOF PARTNERS III, L.P.

                          By: TPG GenPar III, L.P., its general partner
                          By: TPG Advisors III, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                          FOF PARTNERS III-B, L.P.

                          By: TPG GenPar III, L.P., its general partner
                          By: TPG Advisors III, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                          TPG DUTCH PARALLEL III, C.V.
                          By: TPG GenPar Dutch, L.L.C., its general partner
                          By: TPG GenPar III, L.P., its general partner
                          By: TPG Advisors III, Inc., its general partner

                          By: __________________________________________Name:
                          Title:

                          EVERCORE METC CAPITAL PARTNERS II L.P.

                          By: Evercore Partners II L.L.C., its General Partner

                          By: __________________________________________
                              Name:
                              Title:
                                       62
<PAGE>

                          BANC OF AMERICA CAPITAL INVESTORS, L.P.

                          By: Banc of America Capital Management, L.P.,
                              its General Partner

                          By: BACM I GP, LLC,
                              its General Partner

                          By: __________________________________________
                              Name:
                              Title:

                                       63
<PAGE>

                                   SCHEDULE A
ALLOCATION AMONG THE PURCHASERS OF 50,000,000 SHARES OF COMMON STOCK OF THE
COMPANY

THL ENTITIES

<TABLE>
<CAPTION>
                                                                    NUMBER OF
             ENTITY                              CONSIDERATION        SHARES       PERCENTAGE
-------------------------------------------     ----------------    ----------     ----------
<S>                                             <C>                 <C>            <C>
Thomas H. Lee Equity Fund V, L.P.               $ 172,903,060.00    17,290,306      76.845804%
Thomas H. Lee Parallel Fund V, L.P.             $  44,861,410.00     4,486,141      19.938404%
Thomas H. Lee Equity (Cayman) Fund V,
L.P.                                            $   2,382,360.00       238,236       1.058827%
Putnam Investment Holdings, LLC                 $   1,354,990.00       135,499       0.602218%
Putnam Investments Employees' Securities
Company I LLC                                   $   1,164,370.00       116,437       0.517498%
Putnam Investments Employees' Securities
Company II LLC                                  $   1,039,620.00       103,962       0.462053%
Thomas H. Lee Investors Limited Partnership     $   1,294,190.00       129,419       0.575196%
                                                ----------------    ----------     ----------
THL ENTITIES IN TOTAL                           $ 225,000,000.00    22,500,000       100.0000%
                                                ----------------    ----------     ----------
</TABLE>

TPG ENTITIES

<TABLE>
<CAPTION>
        ENTITY                        CONSIDERATION      NUMBER OF SHARES     PERCENTAGE
----------------------------         ----------------    ----------------     ----------
<S>                                  <C>                 <C>                  <C>
TPG Partners IV, L.P.                $ 138,923,100.00     13,892,310.0000        61.7436%
TPG Partners III, L.P.               $  68,338,688.00      6,833,869.0000        30.3728%
TPG Parallel III, L.P.               $   8,925,228.00        892,523.0000         3.9668%
TPG Investors III, L.P.              $   4,501,478.00        450,148.0000         2.0007%
FOF Partners III, L.P.               $     108,285.00         10,828.0000         0.0481%
FOF Partners III-B, L.P.             $   2,406,710.00        240,671.0000         1.0696%
TPG Dutch Parallel III, C.V.         $   1,796,511.00        179,651.0000         0.7984%
                                     ----------------    ----------------     ----------
TPG ENTITIES IN TOTAL                $ 225,000,000.00     22,500,000.0000       100.0000%
                                     ----------------    ----------------     ----------
</TABLE>

EVERCORE

<TABLE>
<CAPTION>
         ENTITY              CONSIDERATION       NUMBER OF SHARES       PERCENTAGE
-----------------------      -------------       ----------------       ----------
<S>                          <C>                 <C>                    <C>
Evercore METC
Capital Partners II L.P.     $  30,000,000              3,000,000         100.0000%
</TABLE>

BACI

<TABLE>
<CAPTION>
         ENTITY              CONSIDERATION       NUMBER OF SHARES       PERCENTAGE
-----------------------      -------------       ----------------       ----------
<S>                          <C>                 <C>                    <C>
Banc of America              $  20,000,000              2,000,000         100.0000%
Capital Investors, L.P.
</TABLE>

TOTAL

<TABLE>
<CAPTION>
                                                 NUMBER OF
         ENTITY              CONSIDERATION        SHARES         PERCENTAGE
-----------------------      -------------       ----------      ----------
<S>                          <C>                 <C>             <C>
THL Entities                 $ 225,000,000       22,500,000         45.0000%
TPG Entities                 $ 225,000,000       22,500,000         45.0000%
Evercore                     $  30,000,000        3,000,000          6.0000%
BACI                         $  20,000,000        2,000,000          4.0000%
                             -------------       ----------      ----------
TOTAL                        $ 500,000,000       50,000,000        100.0000%
                             -------------       ----------      ----------
</TABLE>

<PAGE>

PURCHASER ADDRESSES:

           Thomas H. Lee Partners, L.P.
           100 Federal Street
           Boston, MA 02110
           Attention: Thomas Hagerty and Seth Lawry
           Telephone: (617) 227-1050
           Facsimile: (617) 227-3514

           Texas Pacific Group
           301 Commerce Street
           Suite 3300
           Fort Worth, TX 76102
           Attention: David Spuria
           Telephone: (817) 871-4000
           Facsimile: (817) 871-4088

           Evercore Partners
           55 East 52nd Street, 43rd Floor
           New York, NY 10055
           Attn: Neeraj Mital
           Telephone: (212) 857-3197
           Facsimile: (212) 857-3152

           Banc of America Capital Investors, L.P.
           Bank of America Corporate Center
           100 North Tryon Street, 25th Floor
           NC1-007-25-02
           Charlotte, NC 28255
           Attention: Robert L. Edwards, Jr.
           Facsimile: (704) 386-6432<PAGE>

                                                                    EXHIBIT 10.1

                            364-DAY CREDIT AGREEMENT

                           Dated as of March 11, 2005

      YORK INTERNATIONAL CORPORATION, a Delaware corporation (the "Borrower"),
the banks, financial institutions and other institutional lenders (the "Initial
Lenders") listed on the signature pages hereof, CITIBANK, N.A. ("Citibank"), as
the administrative agent (the "Agent") for the Lenders (as hereinafter defined),
JPMORGAN CHASE BANK, N.A., as syndication agent, FLEET NATIONAL BANK ("Fleet"),
BANK OF TOKYO MITSUBISHI TRUST COMPANY and NORDEA BANK FINLAND PLC, as
documentation agents, and CITIGROUP GLOBAL MARKETS INC. and J.P. MORGAN
SECURITIES INC., as joint lead arrangers and joint book managers, agree as
follows:

                                    ARTICLE I

                        DEFINITIONS AND ACCOUNTING TERMS

            SECTION 1.01. Certain Defined Terms. As used in this Agreement, the
following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined):

            "Advance" means a Revolving Credit Advance or a Competitive Bid
      Advance.

            "Affiliate" means, as to any Person, any other Person that, directly
      or indirectly, controls, is controlled by or is under common control with
      such Person or is a director or officer of such Person. For purposes of
      this definition, the term "control" (including the terms "controlling",
      "controlled by" and "under common control with") of a Person means the
      possession, direct or indirect, of the power to vote 20% or more of the
      Voting Stock of such Person or to direct or cause the direction of the
      management and policies of such Person, whether through the ownership of
      Voting Stock, by contract or otherwise.

            "Agent's Account" means the account of the Agent maintained by the
      Agent at Citibank at its office at 399 Park Avenue, New York, New York
      10043, Account No. 36852248, Attention: Bank Loan Syndications.

            "Applicable Lending Office" means, with respect to each Lender, such
      Lender's Domestic Lending Office in the case of a Base Rate Advance and
      such Lender's Eurodollar Lending Office in the case of a Eurodollar Rate
      Advance and, in the case of a Competitive Bid Advance, the office of such
      Lender notified by such Lender to the Agent as its Applicable Lending
      Office with respect to such Competitive Bid Advance.

            "Applicable Margin" means, as of any date (a) for Base Rate Advances
      prior to the Term Loan Conversion Date, 0.00% per annum and (b) for (i)
      Base Rate Advances on and after the Term Loan Conversion Date and (ii)
      Eurodollar Rate Advances, a percentage per annum determined by reference
      to the Public Debt Rating in effect on such date as set forth below:

<TABLE>
<CAPTION>
                          Applicable Margin for    Applicable Margin for     Applicable Margin for
                           Base Rate Advance On       Eurodollar Rate           Eurodollar Rate
                           and After the Term      Advances Prior to the     Advances On and After
Public Debt Rating           Loan Conversion       Term Loan Conversion          the Term Loan
   S&P/Moody's                    Date                     Date                 Conversion Date
------------------        ---------------------    ---------------------     ---------------------
<S>                       <C>                      <C>                       <C>
Level 1
A-or A3 or above                0.000%                    0.375%                   1.050%
</TABLE>

<PAGE>

<TABLE>
<S>                             <C>                       <C>                      <C>
Level 2
BBB+or Baa1                     0.000%                    0.525%                   1.250%
Level 3
BBB or Baa2                     0.000%                    0.625%                   1.375%
Level 4
BBB-and Baa3                    0.000%                    0.725%                   1.500%
Level 5
Lower than Level 4              0.250%                    1.250%                   2.750%
</TABLE>

            "Applicable Percentage" means, as of any date, a percentage per
      annum determined by reference to the Public Debt Rating in effect on such
      date as set forth below:

<TABLE>
<CAPTION>
Public Debt Rating                        Applicable
   S&P/Moody's                            Percentage
------------------                        ----------
<S>                                       <C>
Level 1
A-or A3 or above                            0.075%
Level 2
BBB+or Baa1                                 0.100%
Level 3
BBB or Baa2                                 0.125%
Level 4
BBB-and Baa3                                0.150%
Level 5
Lower than Level 4                          0.250%
</TABLE>

            "Applicable Utilization Fee" means, as of any date prior to the Term
      Loan Conversion Date that Usage exceeds 25% of the aggregate Revolving
      Credit Commitments, a percentage per annum determined by reference to the
      Public Debt Rating in effect on such date as set forth below:

<TABLE>
<CAPTION>
Public Debt Rating                        Applicable
   S&P/Moody's                          Utilization Fee
------------------                      ---------------
<S>                                     <C>
Level 1
A-or A3 or above                            0.100%
Level 2
BBB+or Baa1                                 0.125%
Level 3
BBB or Baa2                                 0.125%
Level 4
BBB-and Baa3                                0.125%
Level 5
Lower than Level 4                          0.250%
</TABLE>

            "Assignment and Acceptance" means an assignment and acceptance
      entered into by a Lender and an Eligible Assignee, and accepted by the
      Agent, in substantially the form of Exhibit C hereto.

            "Base Rate" means a fluctuating interest rate per annum in effect
      from time to time, which rate per annum shall at all times be equal to the
      highest of:

                                       2

<PAGE>

            (a) the rate of interest announced publicly by Citibank in New York,
      New York, from time to time, as Citibank's base rate;

            (b) the sum (adjusted to the nearest 1/4 of 1% or, if there is no
      nearest 1/4 of 1%, to the next higher 1/4 of 1%) of (i) 1/2 of 1% per
      annum, plus (ii) the rate obtained by dividing (A) the latest three-week
      moving average of secondary market morning offering rates in the United
      States for three-month certificates of deposit of major United States
      money market banks, such three-week moving average (adjusted to the basis
      of a year of 360 days) being determined weekly on each Monday (or, if such
      day is not a Business Day, on the next succeeding Business Day) for the
      three-week period ending on the previous Friday by Citibank on the basis
      of such rates reported by certificate of deposit dealers to and published
      by the Federal Reserve Bank of New York or, if such publication shall be
      suspended or terminated, on the basis of quotations for such rates
      received by Citibank from three New York certificate of deposit dealers of
      recognized standing selected by Citibank, by (B) a percentage equal to
      100% minus the average of the daily percentages specified during such
      three-week period by the Board of Governors of the Federal Reserve System
      (or any successor) for determining the maximum reserve requirement
      (including, but not limited to, any emergency, supplemental or other
      marginal reserve requirement) for Citibank with respect to liabilities
      consisting of or including (among other liabilities) three-month U.S.
      dollar non-personal time deposits in the United States, plus (iii) the
      average during such three-week period of the annual assessment rates
      estimated by Citibank for determining the then current annual assessment
      payable by Citibank to the Federal Deposit Insurance Corporation (or any
      successor) for insuring U.S. dollar deposits of Citibank in the United
      States; and

            (c) 1/2 of one percent per annum above the Federal Funds Rate.

      "Base Rate Advance" means a Revolving Credit Advance that bears interest
as provided in Section 2.07(a)(i).

      "Borrower Information" has the meaning specified in Section 8.08.

      "Borrowing" means a Revolving Credit Borrowing or a Competitive Bid
Borrowing.

      "Business Day" means a day of the year on which banks are not required or
authorized by law to close in New York City and, if the applicable Business Day
relates to any Eurodollar Rate Advances or LIBO Rate Advances, on which dealings
are carried on in the London interbank market.

      "Competitive Bid Advance" means an advance by a Lender to the Borrower as
part of a Competitive Bid Borrowing resulting from the competitive bidding
procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO
Rate Advance.

      "Competitive Bid Borrowing" means a borrowing consisting of simultaneous
Competitive Bid Advances from each of the Lenders whose offer to make one or
more Competitive Bid Advances as part of such borrowing has been accepted under
the competitive bidding procedure described in Section 2.03.

      "Competitive Bid Note" means a promissory note of the Borrower payable to
the order of any Lender, in substantially the form of Exhibit A-2 hereto,
evidencing the indebtedness of the Borrower to such Lender resulting from a
Competitive Bid Advance made by such Lender.

      "Consolidated" refers to the consolidation of accounts in accordance with
GAAP.

      "Convert", "Conversion" and "Converted" each refers to a conversion of
Revolving Credit Advances of one Type into Revolving Credit Advances of the
other Type pursuant to Section 2.08 or 2.09.

                                       3

<PAGE>

      "Covenant Debt" means the sum of, without duplication, (a) all items that,
in accordance with GAAP, would be classified as indebtedness on a Consolidated
balance sheet of the Borrower and its Subsidiaries, plus (b) Debt of the
Borrower and its Subsidiaries of the type described in clause (f) of the
definition of "Debt" and (c) the portion of any item that, in accordance with
GAAP, would be classified as indebtedness on a Consolidated balance sheet of any
Person that is guaranteed by the Borrower and its Subsidiaries.

      "Debt" of any Person means, without duplication, (a) all indebtedness of
such Person for borrowed money, (b) all obligations of such Person for the
deferred purchase price of property or services (other than trade payables
incurred in the ordinary course of such Person's business), (c) all obligations
of such Person evidenced by notes, bonds, debentures or other similar
instruments, (d) all obligations of such Person created or arising under any
conditional sale or other title retention agreement with respect to property
acquired by such Person (even though the rights and remedies of the seller or
lender under such agreement in the event of default are limited to repossession
or sale of such property), (e) all obligations of such Person as lessee under
leases that have been or should be, in accordance with GAAP, recorded as capital
leases, (f) the portion of the cash purchase price related to the purchase of
accounts receivable from such Person (including without limitation, in the case
of the Borrower, the cash proceeds received from time to time from the sale of
the Borrower's accounts receivable) that shall not have been recovered by the
purchaser thereof (excluding up to $75,000,000 of receivables owing by foreign
obligors that are sold by the Borrower and its Subsidiaries), (g) all
obligations, contingent or otherwise, of such Person in respect of acceptances,
letters of credit or similar extensions of credit, (h) all obligations of such
Person in respect of Hedge Agreements, (i) all Debt of others referred to in
clauses (a) through (h) above or clause (j) below and other payment obligations
guaranteed directly or indirectly in any manner by such Person, or in effect
guaranteed directly or indirectly by such Person through an agreement (1) to pay
or purchase such Debt or to advance or supply funds for the payment or purchase
of such Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or
to purchase or sell services, primarily for the purpose of enabling the debtor
to make payment of such Debt or to assure the holder of such Debt against loss,
(3) to supply funds to or in any other manner invest in the debtor (including
any agreement to pay for property or services irrespective of whether such
property is received or such services are rendered) or (4) otherwise to assure a
creditor against loss, and (j) all Debt referred to in clauses (a) through (i)
above secured by (or for which the holder of such Debt has an existing right,
contingent or otherwise, to be secured by) any Lien on property (including,
without limitation, accounts and contract rights) owned by such Person, even
though such Person has not assumed or become liable for the payment of such
Debt, the amount of such Debt being the lesser of the amount of the obligations
secured by such Lien and the fair market value of the assets subject to such
Lien.

      "Default" means any Event of Default or any event that would constitute an
Event of Default but for the requirement that notice be given or time elapse or
both.

      "Domestic Lending Office" means, with respect to any Lender, the office of
such Lender specified as its "Domestic Lending Office" opposite its name on
Schedule I hereto or in the Assignment and Acceptance pursuant to which it
became a Lender, or such other office of such Lender as such Lender may from
time to time specify to the Borrower and the Agent.

      "EBITDA" means, for any Person for any period, net income (or net loss)
plus the sum of (a) interest expense, (b) income tax expense, (c) depreciation
expense, (d) amortization expense, and (e) any extraordinary or non-recurring
losses (in the case of the Borrower and its Subsidiaries, inclusive of losses
related to Statement of Financial Accounting Standards No. 142 and No. 144 in an
aggregate amount not to exceed $350,000,000) minus any extraordinary or
non-recurring gains, for such period in each case determined for such Person in
accordance with GAAP.

      "Effective Date" has the meaning specified in Section 3.01.

                                       4

<PAGE>

      "Eligible Assignee" means (i) a Lender; (ii) an Affiliate of a Lender; or
(iii) any other Person approved by the Agent and, unless an Event of Default has
occurred and is continuing at the time any assignment is effected in accordance
with Section 8.07, the Borrower, such approval not to be unreasonably withheld
or delayed; provided, however, that neither the Borrower nor an Affiliate of the
Borrower shall qualify as an Eligible Assignee.

      "Environmental Action" means any action, suit, demand, demand letter,
claim, notice of non-compliance or violation, notice of liability or potential
liability, investigation, proceeding, consent order or consent agreement
relating in any way to any Environmental Law, Environmental Permit or Hazardous
Materials or arising from alleged injury or threat of injury to health, safety
or the environment, including, without limitation, (a) by any governmental or
regulatory authority for enforcement, cleanup, removal, response, remedial or
other actions or damages and (b) by any governmental or regulatory authority or
any third party for damages, contribution, indemnification, cost recovery,
compensation or injunctive relief.

      "Environmental Law" means any federal, state, local or foreign statute,
law, ordinance, rule, regulation, code, order, judgment, decree or judicial or
agency interpretation, policy or guidance relating to pollution or protection of
the environment, natural resources or, to the extent related to exposure to
Hazardous Materials, health or safety, including, without limitation, those
relating to the use, handling, transportation, treatment, storage, disposal,
release or discharge of Hazardous Materials.

      "Environmental Permit" means any permit, approval, identification number,
license or other authorization required under any Environmental Law.

      "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and the regulations promulgated and rulings issued
thereunder.

      "ERISA Affiliate" means any Person that for purposes of Title IV of ERISA
is a member of the Borrower's controlled group, or under common control with the
Borrower, within the meaning of Section 414 of the Internal Revenue Code.

      "ERISA Event" means (a) (i) the occurrence of a reportable event, within
the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day
notice requirement with respect to such event has been waived by the PBGC, or
(ii) the requirements of subsection (1) of Section 4043(b) of ERISA (without
regard to subsection (2) of such Section) are met with respect to a contributing
sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event
described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA
is reasonably expected to occur with respect to such Plan within the following
30 days; (b) the application for a minimum funding waiver with respect to a
Plan; (c) the provision by the administrator of any Plan of a notice of intent
to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any
such notice with respect to a plan amendment referred to in Section 4041(e) of
ERISA); (d) the cessation of operations at a facility of the Borrower or any
ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e)
the withdrawal by the Borrower or any ERISA Affiliate from a Multiple Employer
Plan during a plan year for which it was a substantial employer, as defined in
Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien
under Section 302(f) of ERISA shall have been met with respect to any Plan; (g)
the adoption of an amendment to a Plan requiring the provision of security to
such Plan pursuant to Section 307 of ERISA; or (h) the institution by the PBGC
of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the
occurrence of any event or condition described in Section 4042 of ERISA that
constitutes grounds for the termination of, or the appointment of a trustee to
administer, a Plan.

      "Eurocurrency Liabilities" has the meaning assigned to that term in
Regulation D of the Board of Governors of the Federal Reserve System, as in
effect from time to time.

                                       5

<PAGE>

      "Eurodollar Lending Office" means, with respect to any Lender, the office
of such Lender specified as its "Eurodollar Lending Office" opposite its name on
Schedule I hereto or in the Assignment and Acceptance pursuant to which it
became a Lender (or, if no such office is specified, its Domestic Lending
Office), or such other office of such Lender as such Lender may from time to
time specify to the Borrower and the Agent.

      "Eurodollar Rate" means, for any Interest Period for each Eurodollar Rate
Advance comprising part of the same Revolving Credit Borrowing, an interest rate
per annum equal to the rate per annum obtained by dividing (a) the rate per
annum (rounded upward to the nearest whole multiple of 1/16 of 1% per annum)
appearing on Telerate Markets Page 3750 (or any successor page) as the London
interbank offered rate for deposits in U.S. dollars at approximately 11:00 A.M.
(London time) two Business Days prior to the first day of such Interest Period
for a term comparable to such Interest Period or, if for any reason such rate is
not available, the average (rounded upward to the nearest whole multiple of 1/16
of 1% per annum, if such average is not such a multiple) of the rate per annum
at which deposits in U.S. dollars are offered by the principal office of each of
the Reference Banks in London, England to prime banks in the London interbank
market at 11:00 A.M. (London time) two Business Days before the first day of
such Interest Period in an amount substantially equal to such Reference Bank's
Eurodollar Rate Advance comprising part of such Revolving Credit Borrowing to be
outstanding during such Interest Period and for a period equal to such Interest
Period by (b) a percentage equal to 100% minus the Eurodollar Rate Reserve
Percentage for such Interest Period. If the Telerate Markets Page 3750 (or any
successor page) is unavailable, the Eurodollar Rate for any Interest Period for
each Eurodollar Rate Advance comprising part of the same Revolving Credit
Borrowing shall be determined by the Agent on the basis of applicable rates
furnished to and received by the Agent from the Reference Banks two Business
Days before the first day of such Interest Period, subject, however, to the
provisions of Section 2.08.

      "Eurodollar Rate Advance" means a Revolving Credit Advance that bears
interest as provided in Section 2.07(a)(ii).

      "Eurodollar Rate Reserve Percentage" for any Interest Period for all
Eurodollar Rate Advances or LIBO Rate Advances comprising part of the same
Borrowing means the reserve percentage, if any, applicable two Business Days
before the first day of such Interest Period under regulations issued from time
to time by the Board of Governors of the Federal Reserve System (or any
successor) for determining the maximum reserve requirement (including, without
limitation, any emergency, supplemental or other marginal reserve requirement)
for a member bank of the Federal Reserve System in New York City with respect to
liabilities or assets consisting of or including Eurocurrency Liabilities (or
with respect to any other category of liabilities that includes deposits by
reference to which the interest rate on Eurodollar Rate Advances or LIBO Rate
Advances is determined) having a term equal to such Interest Period.

      "Events of Default" has the meaning specified in Section 6.01.

      "Federal Funds Rate" means, for any period, a fluctuating interest rate
per annum equal for each day during such period to the weighted average of the
rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers, as published for such day (or,
if such day is not a Business Day, for the next preceding Business Day) by the
Federal Reserve Bank of New York, or, if such rate is not so published for any
day that is a Business Day, the average of the quotations for such day on such
transactions received by the Agent from three Federal funds brokers of
recognized standing selected by it.

      "Fixed Rate Advances" has the meaning specified in Section 2.03(a)(i).

      "Foreign Subsidiary" means any Subsidiary organized under the laws of a
jurisdiction other than the United States of America or any political
subdivision thereof.

      "GAAP" has the meaning specified in Section 1.03.

                                       6

<PAGE>

      "Hazardous Materials" means (a) petroleum and petroleum products,
byproducts or breakdown products, radioactive materials, asbestos-containing
materials and polychlorinated biphenyls and (b) any other chemicals, materials
or substances designated, classified or regulated as hazardous or toxic or as a
pollutant or contaminant under any Environmental Law.

      "Hedge Agreements" means interest rate swap, cap or collar agreements,
interest rate future or option contracts, currency swap agreements, currency
future or option contracts and other similar agreements.

      "Information Memorandum" means the information memorandum dated February
2005 used by the Agent in connection with the syndication of the Revolving
Credit Commitments, as supplemented by reports of the Borrower filed with the
Securities and Exchange Commission referenced in the information memorandum, by
reports filed by the Borrower with the Securities and Exchange Commission
subsequent to the date of the information memorandum but prior to March 1, 2005
and by the Borrower's 2004 fourth quarter and full year results announced on
February ________, 2005.

      "Interest Period" means, for each Eurodollar Rate Advance comprising part
of the same Revolving Credit Borrowing and each LIBO Rate Advance comprising
part of the same Competitive Bid Borrowing, the period commencing on the date of
such Eurodollar Rate Advance or LIBO Rate Advance or the date of the Conversion
of any Base Rate Advance into such Eurodollar Rate Advance and ending on the
last day of the period selected by the Borrower pursuant to the provisions below
and, thereafter, with respect to Eurodollar Rate Advances, each subsequent
period commencing on the last day of the immediately preceding Interest Period
and ending on the last day of the period selected by the Borrower pursuant to
the provisions below. The duration of each such Interest Period shall be one,
two, three or six months, and subject to clause (iii) of this definition, nine
or twelve months, as the Borrower may, upon notice received by the Agent not
later than 11:00 A.M. (New York City time) on the third Business Day prior to
the first day of such Interest Period, select; provided, however, that:

            (i) the Borrower may not select any Interest Period that ends after
      the Termination Date except that, if the Revolving Credit Advances have
      been converted to term loans pursuant to Section 2.06 prior to such
      selection, such Borrower may not select any Interest Period that ends
      after the Term Loan Maturity Date;

            (ii) Interest Periods commencing on the same date for Eurodollar
      Rate Advances comprising part of the same Revolving Credit Borrowing or
      for LIBO Rate Advances comprising part of the same Competitive Bid
      Borrowing shall be of the same duration;

            (iii) in the case of any such Revolving Credit Borrowing, the
      Borrower shall not be entitled to select an Interest Period having
      duration of nine or twelve months unless, by 2:00 P.M. (New York City
      time) on the third Business Day prior to the first day of such Interest
      Period, each Lender notifies the Administrative Agent that such Lender
      will be providing funding for such Revolving Credit Borrowing with such
      Interest Period (the failure of any Lender to so respond by such time
      being deemed for all purposes of this Agreement as an objection by such
      Lender to the requested duration of such Interest Period); provided that,
      if any or all of the Lenders object to the requested duration of such
      Interest Period, the duration of the Interest Period for such Revolving
      Credit Borrowing shall be one, two, three or six months, as specified by
      the Borrower requesting such Revolving Credit Borrowing in the applicable
      Notice of Revolving Credit Borrowing as the desired alternative to an
      Interest Period of nine or twelve months;

            (iv) whenever the last day of any Interest Period would otherwise
      occur on a day other than a Business Day, the last day of such Interest
      Period shall be extended to occur on the next succeeding Business Day,
      provided, however, that, if such extension would cause the last day of
      such Interest Period to occur in the next following calendar month, the
      last day of such Interest Period shall occur on the next preceding
      Business Day; and

                                       7

<PAGE>

            (v) whenever the first day of any Interest Period occurs on a day of
      an initial calendar month for which there is no numerically corresponding
      day in the calendar month that succeeds such initial calendar month by the
      number of months equal to the number of months in such Interest Period,
      such Interest Period shall end on the last Business Day of such succeeding
      calendar month.

      "Internal Revenue Code" means the Internal Revenue Code of 1986, as
amended from time to time, and the regulations promulgated and rulings issued
thereunder.

      "Interim Financial Statements" has the meaning specified in Section
4.01(e).

      "Lenders" means the Initial Lenders and each Person that shall become a
party hereto pursuant to Section 8.07.

      "LIBO Rate" means, for any Interest Period for all LIBO Rate Advances
comprising part of the same Competitive Bid Borrowing, an interest rate per
annum equal to the rate per annum obtained by dividing (a) the rate per annum
(rounded upward to the nearest whole multiple of 1/16 of 1% per annum) appearing
on Dow Jones Markets Telerate Page 3750 (or any successor page) as the London
interbank offered rate for deposits in U.S. dollars at approximately 11:00 A.M.
(London time) two Business Days prior to the first day of such Interest Period
for a term comparable to such Interest Period or, if for any reason such rate is
not available, the average (rounded upward to the nearest whole multiple of 1/16
of 1% per annum, if such average is not such a multiple) of the rate per annum
at which deposits in U.S. dollars offered by the principal office of each of the
Reference Banks in London, England to prime banks in the London interbank market
at 11:00 A.M. (London time) two Business Days before the first day of such
Interest Period in an amount substantially equal to the amount that would be the
Reference Banks' respective ratable shares of such Borrowing if such Borrowing
were to be a Revolving Credit Borrowing to be outstanding during such Interest
Period and for a period equal to such Interest Period by (b) a percentage equal
to 100% minus the Eurodollar Rate Reserve Percentage for such Interest Period.
If the Dow Jones Markets Telerate Page 3750 (or any successor page) is
unavailable, the LIBO Rate for any Interest Period for each LIBO Rate Advance
comprising part of the same Competitive Bid Borrowing shall be determined by the
Agent on the basis of applicable rates furnished to and received by the Agent
from the Reference Banks two Business Days before the first day of such Interest
Period, subject, however, to the provisions of Section 2.08.

      "LIBO Rate Advances" means a Competitive Bid Advance bearing interest
based on the LIBO Rate.

      "Lien" means any lien, security interest or other charge or encumbrance of
any kind, including, without limitation, the lien or retained security title of
a conditional vendor and any easement, right of way or other encumbrance on
title to real property; provided, however, that no transfer of assets that is
treated as a sale in accordance with GAAP shall be deemed to constitute a Lien
for purposes of this Agreement.

      "Loan Document" means this Agreement and the Notes (if any).

      "Material Adverse Change" means any material adverse change in the
business, condition (financial or otherwise), operations, performance or
properties of the Borrower or the Borrower and its Subsidiaries taken as a
whole.

      "Material Adverse Effect" means a material adverse effect on (a) the
business, condition (financial or otherwise), operations, performance or
properties of the Borrower or the Borrower and its Subsidiaries taken as a
whole, (b) the rights and remedies of the Agent or any Lender under this
Agreement or any Note or (c) the ability of the Borrower to perform its
obligations under this Agreement or any Note.

      "Moody's" means Moody's Investors Service, Inc.

                                       8

<PAGE>

      "Multiemployer Plan" means a multiemployer plan, as defined in Section
4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate is making or
accruing an obligation to make contributions, or has within any of the preceding
five plan years made or accrued an obligation to make contributions.

      "Multiple Employer Plan" means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the
Borrower or any ERISA Affiliate and at least one Person other than the Borrower
and the ERISA Affiliates or (b) was so maintained and in respect of which the
Borrower or any ERISA Affiliate could have liability under Section 4064 or 4069
of ERISA in the event such plan has been or were to be terminated.

      "Net Worth" means, on any date, all amounts which, in accordance with
GAAP, would be included under stockholders' equity on a Consolidated balance
sheet of the Borrower and its Subsidiaries at such date, adjusted to exclude (x)
accumulated foreign currency translation adjustments, (y) accumulated losses
related to Statement of Financial Accounting Standards No. 142 and No. 144 in an
aggregate amount not to exceed $350,000,000 and (z) accumulated losses related
to restructuring charges and operating expenses related to restructuring actions
in an amount not to exceed $103,000,000 taken not later than December 31, 2003,
of which not more than $50,000,000 shall be cash charges and expenses.

      "Note" means a Revolving Credit Note or a Competitive Bid Note.

      "Notice of Competitive Bid Borrowing" has the meaning specified in Section
2.03(a).

      "Notice of Revolving Credit Borrowing" has the meaning specified in
Section 2.02(a).

      "OFAC" means the U.S. Department of Treasury's Office of Foreign Assets
Control.

      "PBGC" means the Pension Benefit Guaranty Corporation (or any successor).

      "Permitted Liens" means such of the following as to which no enforcement,
collection, execution, levy or foreclosure proceeding shall have been commenced:
(a) Liens for taxes, assessments and governmental charges or levies to the
extent not required to be paid under Section 5.01(b) hereof; (b) Liens imposed
by law, such as materialmen's, mechanics', carriers', workmen's and repairmen's
Liens and other similar Liens arising in the ordinary course of business
securing obligations that are not overdue for a period of more than 60 days; (c)
pledges or deposits to secure obligations under workers' compensation laws or
similar legislation or to secure public or statutory obligations; (d) easements,
rights of way and other encumbrances on title to real property that do not
render title to the property encumbered thereby unmarketable or materially
adversely affect the use of such property for its present purposes and (e) Liens
securing performance of bids, trade contracts (other than for borrowed money),
leases, surety and appeal bonds, performance bonds and similar obligations
incurred in the ordinary course of business.

      "Person" means an individual, partnership, corporation (including a
business trust), joint stock company, trust, unincorporated association, joint
venture, limited liability company or other entity, or a government or any
political subdivision or agency thereof.

      "Plan" means a Single Employer Plan or a Multiple Employer Plan.

      "Public Debt Rating" means, as of any date, the rating that has been most
recently announced by either S&P or Moody's, as the case may be, for any class
of non-credit enhanced long-term senior unsecured debt issued by the Borrower
(and if either such rating agency has issued more than one such rating, the
lowest thereof). For purposes of the foregoing, (a) if only one of S&P and
Moody's shall have in effect a Public Debt Rating, the Applicable Margin, the
Applicable Percentage and the Applicable Utilization Fee shall be determined by
reference to the available rating; (b) if neither S&P nor Moody's shall have in
effect a Public Debt Rating, the Applicable Margin, the Applicable Percentage
and the Applicable Utilization Fee will be set in accordance with Level 5 under
the definition of "Applicable

                                       9

<PAGE>

      Margin", "Applicable Percentage" or "Applicable Utilization Fee", as the
      case may be; (c) if the ratings established by S&P and Moody's shall fall
      within different levels, the Applicable Margin, the Applicable Percentage
      and the Applicable Utilization Fee shall be based upon the higher rating
      unless such ratings differ by two or more levels, in which case the
      applicable level will be deemed to be one level above the lower of such
      levels; (d) if any rating established by S&P or Moody's shall be changed,
      such change shall be effective as of the date on which such change is
      first announced publicly by the rating agency making such change; and (e)
      if S&P or Moody's shall change the basis on which ratings are established,
      each reference to the Public Debt Rating announced by S&P or Moody's, as
      the case may be, shall refer to the then equivalent rating by S&P or
      Moody's, as the case may be.

            "Ratable Share" means, with respect to any Lender at any time, a
      fraction the numerator of which is such Lender's Revolving Credit
      Commitment at such time and the denominator of which is the Revolving
      Credit Facility at such time.

            "Reference Banks" means Citibank, JPMorgan Chase Bank, N.A. and
      Fleet.

            "Register" has the meaning specified in Section 8.07(d).

            "Required Lenders" means at any time Lenders owed at least a
      majority in interest of the then aggregate unpaid principal amount of the
      Revolving Credit Advances owing to Lenders, or, if no such principal
      amount is then outstanding, Lenders having at least a majority in interest
      of the Revolving Credit Commitments.

            "Revolving Credit Advance" means an advance by a Lender to the
      Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate
      Advance or a Eurodollar Rate Advance (each of which shall be a "Type" of
      Revolving Credit Advance).

            "Revolving Credit Borrowing" means a borrowing consisting of
      simultaneous Revolving Credit Advances of the same Type made by each of
      the Lenders pursuant to Section 2.01.

            "Revolving Credit Commitment" means as to any Lender (a) the amount
      set forth opposite such Lender's name on the signature pages hereof under
      the caption "Revolving Credit Commitment", or (b) if such Lender has
      entered into any Assignment and Acceptance, the amount set forth for such
      Lender in the Register maintained by the Agent pursuant to Section 8.07(d)
      as such Lender's "Revolving Credit Commitment", as such amount may be
      reduced pursuant to Section 2.05.

            "Revolving Credit Facility" means the aggregate of the Revolving
      Credit Commitments.

            "Revolving Credit Note" means a promissory note of the Borrower
      payable to the order of any Lender, delivered pursuant to a request made
      under Section 2.16 in substantially the form of Exhibit A-1 hereto,
      evidencing the aggregate indebtedness of the Borrower to such Lender
      resulting from the Revolving Credit Advances made by such Lender. "S&P"
      means Standard & Poor's, a division of The McGraw-Hill Companies, Inc.

            "Single Employer Plan" means a single employer plan, as defined in
      Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the
      Borrower or any ERISA Affiliate and no Person other than the Borrower and
      the ERISA Affiliates or (b) was so maintained and in respect of which the
      Borrower or any ERISA Affiliate could have liability under Section 4069 of
      ERISA in the event such plan has been or were to be terminated.

            "Subsidiary" of any Person means any corporation, partnership, joint
      venture, limited liability company, trust or estate of which (or in which)
      more than 50% of (a) the issued and outstanding capital

                                       10

<PAGE>

      stock having ordinary voting power to elect a majority of the Board of
      Directors of such corporation (irrespective of whether at the time capital
      stock of any other class or classes of such corporation shall or might
      have voting power upon the occurrence of any contingency), (b) the
      interest in the capital or profits of such limited liability company,
      partnership or joint venture or (c) the beneficial interest in such trust
      or estate is at the time directly or indirectly owned or controlled by
      such Person, by such Person and one or more of its other Subsidiaries or
      by one or more of such Person's other Subsidiaries.

            "Term Loan Conversion Date" means the Termination Date on which all
      Revolving Credit Advances outstanding on such date are converted into term
      loans pursuant to Section 2.06.

            "Term Loan Election" has the meaning specified in Section 2.06.

            "Term Loan Maturity Date" means the earlier of (a) the first
      anniversary of the Termination Date and (b) the date of termination in
      whole of the aggregate Commitments pursuant to Section 2.05 or 6.01.

            "Termination Date" means the earlier of March 10, 2006 and the date
      of termination in whole of the Revolving Credit Commitments pursuant to
      Section 2.05(a) or 6.01.

            "Unused Revolving Credit Commitment" means, with respect to any
      Lender at any time, (a) such Lender's Revolving Credit Commitment at such
      time minus (b) the sum of (i) the aggregate principal amount of all
      Revolving Credit Advances made by such Lender and outstanding at such time
      plus (ii) such Lender's Ratable Share of the aggregate principal amount of
      all Competitive Bid Advances outstanding at such time.

            "Usage" means, at any time the sum of the aggregate principal amount
      of the Advances then outstanding.

            "Voting Stock" means capital stock issued by a corporation, or
      equivalent interests in any other Person, the holders of which are
      ordinarily, in the absence of contingencies, entitled to vote for the
      election of directors (or persons performing similar functions) of such
      Person, even if the right so to vote has been suspended by the happening
      of such a contingency.

            SECTION 1.02. Computation of Time Periods. In this Agreement in the
computation of periods of time from a specified date to a later specified date,
the word "from" means "from and including" and the words "to" and "until" each
mean "to but excluding".

            SECTION 1.03. Accounting Terms. All accounting terms not
specifically defined herein shall be construed in accordance with generally
accepted accounting principles consistent with those applied in the preparation
of the financial statements of the Borrower as of December 31, 2001, as modified
by the Borrower's adoption of Statement of Financial Accounting Standards No.
142 and No. 144 ("GAAP").

                                   ARTICLE II

                        AMOUNTS AND TERMS OF THE ADVANCES

            SECTION 2.01. The Revolving Credit Advances. Each Lender severally
agrees, on the terms and conditions hereinafter set forth, to make Revolving
Credit Advances to the Borrower from time to time on any Business Day during the
period from the Effective Date until the Termination Date in an amount for each
Revolving Credit Advance not to exceed such Lender's Unused Revolving Credit
Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount of
$10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall
consist of Revolving Credit Advances of the same Type made on the same day by
the Lenders ratably according to their respective Revolving Credit Commitments.
Within the limits of each Lender's Unused Revolving Credit Commitment, the
Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.10
and reborrow under this Section 2.01(a).

                                       11

<PAGE>

            SECTION 2.02. Making the Revolving Credit Advances. (a) Each
Revolving Credit Borrowing shall be made on notice, given not later than (x)
11:00 A.M. (New York City time) on the third Business Day prior to the date of
the proposed Revolving Credit Borrowing in the case of a Revolving Credit
Borrowing consisting of Eurodollar Rate Advances or (y) 11:00 A.M. (New York
City time) on the date of the proposed Revolving Credit Borrowing in the case of
a Revolving Credit Borrowing consisting of Base Rate Advances, by the Borrower
to the Agent, which shall give to each Lender prompt notice thereof by
telecopier. Each such notice of a Revolving Credit Borrowing (a "Notice of
Revolving Credit Borrowing") shall be by telephone, confirmed immediately in
writing, or telecopier in substantially the form of Exhibit B-1 hereto,
specifying therein the requested (i) date of such Revolving Credit Borrowing,
(ii) Type of Advances comprising such Revolving Credit Borrowing, (iii)
aggregate amount of such Revolving Credit Borrowing, and (iv) in the case of a
Revolving Credit Borrowing consisting of Eurodollar Rate Advances, initial
Interest Period for each such Revolving Credit Advance. Each Lender shall,
before 12:00 noon (New York City time) on the date of such Revolving Credit
Borrowing make available for the account of its Applicable Lending Office to the
Agent at the Agent's Account, in same day funds, such Lender's ratable portion
of such Revolving Credit Borrowing. After the Agent's receipt of such funds and
upon fulfillment of the applicable conditions set forth in Article III, the
Agent will make such funds available to the Borrower at the Agent's address
referred to in Section 8.02.

            (b) Anything in subsection (a) above to the contrary
notwithstanding, (i) the Borrower may not select Eurodollar Rate Advances for
any Revolving Credit Borrowing if the aggregate amount of such Revolving Credit
Borrowing is less than $10,000,000 or if the obligation of the Lenders to make
Eurodollar Rate Advances shall then be suspended pursuant to Section 2.08 or
2.12 and (ii) the Eurodollar Rate Advances may not be outstanding as part of
more than ten separate Revolving Credit Borrowings.

            (c) Each Notice of Revolving Credit Borrowing shall be irrevocable
and binding on the Borrower. In the case of any Revolving Credit Borrowing that
the related Notice of Revolving Credit Borrowing specifies is to be comprised of
Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any
loss, cost or expense incurred by such Lender as a result of any failure to
fulfill on or before the date specified in such Notice of Revolving Credit
Borrowing for such Revolving Credit Borrowing the applicable conditions set
forth in Article III, including, without limitation, any loss (excluding loss of
anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by such Lender to fund the
Revolving Credit Advance to be made by such Lender as part of such Revolving
Credit Borrowing when such Revolving Credit Advance, as a result of such
failure, is not made on such date.

            (d) Unless the Agent shall have received notice from a Lender prior
to the date of any Revolving Credit Borrowing that such Lender will not make
available to the Agent such Lender's ratable portion of such Revolving Credit
Borrowing, the Agent may assume that such Lender has made such portion available
to the Agent on the date of such Revolving Credit Borrowing in accordance with
subsection (a) of this Section 2.02 and the Agent may, in reliance upon such
assumption, make available to the Borrower on such date a corresponding amount.
If and to the extent that such Lender shall not have so made such ratable
portion available to the Agent, such Lender and the Borrower severally agree to
repay to the Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to
the Borrower until the date such amount is repaid to the Agent, at (i) in the
case of the Borrower, the interest rate applicable at the time to Revolving
Credit Advances comprising such Revolving Credit Borrowing and (ii) in the case
of such Lender, the Federal Funds Rate. If such Lender shall repay to the Agent
such corresponding amount, such amount so repaid shall constitute such Lender's
Revolving Credit Advance as part of such Revolving Credit Borrowing for purposes
of this Agreement.

            (e) The failure of any Lender to make the Revolving Credit Advance
to be made by it as part of any Revolving Credit Borrowing shall not relieve any
other Lender of its obligation, if any, hereunder to make its Revolving Credit
Advance on the date of such Revolving Credit Borrowing, but no Lender shall be
responsible for the failure of any other Lender to make the Revolving Credit
Advance to be made by such other Lender on the date of any Revolving Credit
Borrowing.

            SECTION 2.03. The Competitive Bid Advances. (a) Each Lender
severally agrees that the Borrower may make Competitive Bid Borrowings under
this Section 2.03 from time to time on any Business Day during the period from
the date hereof until the date occurring 30 days prior to the Termination Date
in the manner

                                       12

<PAGE>

set forth below; provided that, following the making of each Competitive Bid
Borrowing, the aggregate Usage shall not exceed the Revolving Credit Facility.

            (i) The Borrower may request a Competitive Bid Borrowing under this
      Section 2.03 by delivering to the Agent, by telecopier, a notice of a
      Competitive Bid Borrowing (a "Notice of Competitive Bid Borrowing"), in
      substantially the form of Exhibit B-2 hereto, specifying therein the
      requested (v) date of such proposed Competitive Bid Borrowing, (w)
      aggregate amount of such proposed Competitive Bid Borrowing, (x) in the
      case of a Competitive Bid Borrowing consisting of LIBO Rate Advances,
      Interest Period, or in the case of a Competitive Bid Borrowing consisting
      of Fixed Rate Advances, maturity date for repayment of each Fixed Rate
      Advance to be made as part of such Competitive Bid Borrowing (which
      maturity date may not be earlier than the date occurring 7 days after the
      date of such Competitive Bid Borrowing or later than the earlier of (I)
      180 days after the date of such Competitive Bid Borrowing and (II) the
      Termination Date), (y) interest payment date or dates relating thereto,
      and (z) other terms (if any) to be applicable to such Competitive Bid
      Borrowing, not later than 10:00 A.M. (New York City time) (A) at least one
      Business Day prior to the date of the proposed Competitive Bid Borrowing,
      if the Borrower shall specify in the Notice of Competitive Bid Borrowing
      that the rates of interest to be offered by the Lenders shall be fixed
      rates per annum (the Advances comprising any such Competitive Bid
      Borrowing being referred to herein as "Fixed Rate Advances") and (B) at
      least four Business Days prior to the date of the proposed Competitive Bid
      Borrowing, if the Borrower shall instead specify in the Notice of
      Competitive Bid Borrowing that the Advances comprising such Competitive
      Bid Borrowing shall be LIBO Rate Advances. Each Notice of Competitive Bid
      Borrowing shall be irrevocable and binding on the Borrower. The Agent
      shall in turn promptly notify each Lender of each request for a
      Competitive Bid Borrowing received by it from the Borrower by sending such
      Lender a copy of the related Notice of Competitive Bid Borrowing.

            (ii) Each Lender may, if, in its sole discretion, it elects to do
      so, irrevocably offer to make one or more Competitive Bid Advances to the
      Borrower as part of such proposed Competitive Bid Borrowing at a rate or
      rates of interest specified by such Lender in its sole discretion, by
      notifying the Agent (which shall give prompt notice thereof to the
      Borrower), (A) before 9:30 A.M. (New York City time) on the date of such
      proposed Competitive Bid Borrowing, in the case of a Competitive Bid
      Borrowing consisting of Fixed Rate Advances and (B) before 10:00 A.M. (New
      York City time) three Business Days before the date of such proposed
      Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
      consisting of LIBO Rate Advances of the minimum amount and maximum amount
      of each Competitive Bid Advance which such Lender would be willing to make
      as part of such proposed Competitive Bid Borrowing (which amounts may,
      subject to the proviso to the first sentence of this Section 2.03(a),
      exceed such Lender's Revolving Credit Commitment, if any), the rate or
      rates of interest therefor and such Lender's Applicable Lending Office
      with respect to such Competitive Bid Advance; provided that if the Agent
      in its capacity as a Lender shall, in its sole discretion, elect to make
      any such offer, it shall notify the Borrower of such offer at least 30
      minutes before the time and on the date on which notice of such election
      is to be given to the Agent, by the other Lenders. If any Lender shall
      elect not to make such an offer, such Lender shall so notify the Agent
      before 10:00 A.M. (New York City time) on the date on which notice of such
      election is to be given to the Agent by the other Lenders, and such Lender
      shall not be obligated to, and shall not, make any Competitive Bid Advance
      as part of such Competitive Bid Borrowing; provided that the failure by
      any Lender to give such notice shall not cause such Lender to be obligated
      to make any Competitive Bid Advance as part of such proposed Competitive
      Bid Borrowing.

            (iii) The Borrower shall, in turn, (A) before 10:30 A.M. (New York
      City time) on the date of such proposed Competitive Bid Borrowing, in the
      case of a Competitive Bid Borrowing consisting of Fixed Rate Advances and
      (B) before 11:00 A.M. (New York City time) three Business Days before the
      date of such proposed Competitive Bid Borrowing, in the case of a
      Competitive Bid Borrowing consisting of LIBO Rate Advances, either:

                  (x) cancel such Competitive Bid Borrowing by giving the Agent
            notice to that effect, or

                                       13

<PAGE>

                  (y) accept one or more of the offers made by any Lender or
            Lenders pursuant to paragraph (ii) above, in its sole discretion, by
            giving notice to the Agent of the amount of each Competitive Bid
            Advance (which amount shall be equal to or greater than the minimum
            amount, and equal to or less than the maximum amount, notified to
            the Borrower by the Agent on behalf of such Lender for such
            Competitive Bid Advance pursuant to paragraph (ii) above) to be made
            by each Lender as part of such Competitive Bid Borrowing, and reject
            any remaining offers made by Lenders pursuant to paragraph (ii)
            above by giving the Agent notice to that effect. The Borrower shall
            accept the offers made by any Lender or Lenders to make Competitive
            Bid Advances in order of the lowest to the highest rates of interest
            offered by such Lenders. If two or more Lenders have offered the
            same interest rate, the amount to be borrowed at such interest rate
            will be allocated among such Lenders in proportion to the amount
            that each such Lender offered at such interest rate.

            (iv) If the Borrower notifies the Agent that such Competitive Bid
      Borrowing is cancelled pursuant to paragraph (iii)(x) above, the Agent
      shall give prompt notice thereof to the Lenders and such Competitive Bid
      Borrowing shall not be made.

            (v) If the Borrower accepts one or more of the offers made by any
      Lender or Lenders pursuant to paragraph (iii)(y) above, the Agent shall in
      turn promptly notify (A) each Lender that has made an offer as described
      in paragraph (ii) above, of the date and aggregate amount of such
      Competitive Bid Borrowing and whether or not any offer or offers made by
      such Lender pursuant to paragraph (ii) above have been accepted by the
      Borrower, (B) each Lender that is to make a Competitive Bid Advance as
      part of such Competitive Bid Borrowing, of the amount of each Competitive
      Bid Advance to be made by such Lender as part of such Competitive Bid
      Borrowing, and (C) each Lender that is to make a Competitive Bid Advance
      as part of such Competitive Bid Borrowing, upon receipt, that the Agent
      has received forms of documents appearing to fulfill the applicable
      conditions set forth in Article III. Each Lender that is to make a
      Competitive Bid Advance as part of such Competitive Bid Borrowing shall,
      before 12:00 noon (New York City time) on the date of such Competitive Bid
      Borrowing specified in the notice received from the Agent pursuant to
      clause (A) of the preceding sentence or any later time when such Lender
      shall have received notice from the Agent pursuant to clause (C) of the
      preceding sentence, make available for the account of its Applicable
      Lending Office to the Agent at the Agent's Account, in same day funds,
      such Lender's portion of such Competitive Bid Borrowing. Upon fulfillment
      of the applicable conditions set forth in Article III and after receipt by
      the Agent of such funds, the Agent will make such funds available to the
      Borrower at the Agent's address referred to in Section 8.02. Promptly
      after each Competitive Bid Borrowing the Agent will notify each Lender of
      the amount of the Competitive Bid Borrowing and the dates upon which such
      Competitive Bid Borrowing commenced and will terminate.

            (vi) If the Borrower notifies the Agent that it accepts one or more
      of the offers made by any Lender or Lenders pursuant to paragraph (iii)(y)
      above, such notice of acceptance shall be irrevocable and binding on the
      Borrower. The Borrower shall indemnify each Lender against any loss, cost
      or expense incurred by such Lender as a result of any failure to fulfill
      on or before the date specified in the related Notice of Competitive Bid
      Borrowing for such Competitive Bid Borrowing the applicable conditions set
      forth in Article III, including, without limitation, any loss (excluding
      loss of anticipated profits), cost or expense incurred by reason of the
      liquidation or reemployment of deposits or other funds acquired by such
      Lender to fund the Competitive Bid Advance to be made by such Lender as
      part of such Competitive Bid Borrowing when such Competitive Bid Advance,
      as a result of such failure, is not made on such date.

            (b) Each Competitive Bid Borrowing shall be in an aggregate amount
of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and,
following the making of each Competitive Bid Borrowing, the Borrower shall be in
compliance with the limitation set forth in the proviso to the first sentence of
subsection (a) above.

            (c) Within the limits and on the conditions set forth in this
Section 2.03, the Borrower may from time to time borrow under this Section 2.03,
repay or prepay pursuant to subsection (d) below, and reborrow

                                       14

<PAGE>

under this Section 2.03, provided that a Competitive Bid Borrowing shall not be
made within three Business Days of the date of any other Competitive Bid
Borrowing.

            (d) The Borrower shall repay to the Agent for the account of each
Lender that has made a Competitive Bid Advance, on the maturity date of each
Competitive Bid Advance (such maturity date being that specified by the Borrower
for repayment of such Competitive Bid Advance in the related Notice of
Competitive Bid Borrowing delivered pursuant to subsection (a)(i) above and
provided in the Competitive Bid Note evidencing such Competitive Bid Advance),
the then unpaid principal amount of such Competitive Bid Advance. The Borrower
shall have no right to prepay any principal amount of any Competitive Bid
Advance unless, and then only on the terms, specified by the Borrower for such
Competitive Bid Advance in the related Notice of Competitive Bid Borrowing
delivered pursuant to subsection (a)(i) above and set forth in the Competitive
Bid Note evidencing such Competitive Bid Advance.

            (e) The Borrower shall pay interest on the unpaid principal amount
of each Competitive Bid Advance from the date of such Competitive Bid Advance to
the date the principal amount of such Competitive Bid Advance is repaid in full,
at the rate of interest for such Competitive Bid Advance specified by the Lender
making such Competitive Bid Advance in its notice with respect thereto delivered
pursuant to subsection (a)(ii) above, payable on the interest payment date or
dates specified by the Borrower for such Competitive Bid Advance in the related
Notice of Competitive Bid Borrowing delivered pursuant to subsection (a)(i)
above, as provided in the Competitive Bid Note evidencing such Competitive Bid
Advance. Upon the occurrence and during the continuance of an Event of Default
under Section 6.01(a), the Borrower shall pay interest on the amount of unpaid
principal of and interest on each Competitive Bid Advance owing to a Lender,
payable in arrears on the date or dates interest is payable thereon, at a rate
per annum equal at all times to 2% per annum above the rate per annum required
to be paid on such Competitive Bid Advance under the terms of the Competitive
Bid Note evidencing such Competitive Bid Advance unless otherwise agreed in such
Competitive Bid Note.

            (f) The indebtedness of the Borrower resulting from each Competitive
Bid Advance made to the Borrower as part of a Competitive Bid Borrowing shall be
evidenced by a separate Competitive Bid Note of the Borrower payable to the
order of the Lender making such Competitive Bid Advance.

            SECTION 2.04. Fees. (a) Facility Fee. The Borrower agrees to pay to
the Agent for the account of each Lender a facility fee on the aggregate amount
of such Lender's Revolving Credit Commitment from the Effective Date in the case
of each Initial Lender and from the effective date specified in the Assignment
and Acceptance pursuant to which it became a Lender in the case of each other
Lender until the Termination Date at a rate per annum equal to the Applicable
Percentage in effect from time to time, payable in arrears quarterly on the last
day of each March, June, September and December, commencing March 31, 2005, and
on the Termination Date.

            (b) Agent's Fees. The Borrower shall pay to the Agent for its own
account such fees as may from time to time be agreed between the Borrower and
the Agent.

            SECTION 2.05. Termination or Reduction of the Commitments. (a)
Optional. The Borrower shall have the right, upon at least three Business Days'
notice to the Agent, to terminate in whole or permanently reduce ratably in part
the unused portions of the respective Unused Revolving Credit Commitments of the
Lenders, provided that each partial reduction shall be in the aggregate amount
of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

            (b) Mandatory. On the Termination Date and, if the Borrower has made
the Term Loan Election in accordance with Section 2.06 prior to such date, from
time to time thereafter upon each prepayment of the Revolving Credit Advances
pursuant to Section 2.10, the Commitments of the Lenders shall be automatically
and permanently reduced on a pro rata basis by an amount equal to the amount by
which (i) the aggregate Commitments immediately prior to such reduction exceeds
(ii) the aggregate unpaid principal amount of all Revolving Credit Advances
outstanding at such time.

            SECTION 2.06. Repayment of Revolving Credit Advances. The Borrower
shall, subject to the next succeeding sentence, repay to the Agent for the
ratable account of the Lenders on the Termination Date the

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<PAGE>

aggregate principal amount of the Revolving Credit Advances then outstanding.
The Borrower may, upon not less than 15 days' notice to the Agent, elect (the
"Term Loan Election") to convert all of the Revolving Credit Advances
outstanding on the Termination Date in effect at such time into term loans which
the Borrower shall repay in full ratably to the Lenders on the Term Loan
Maturity Date; provided that the conditions set forth in Section 3.02 have been
satisfied. All Revolving Credit Advances converted into term loans pursuant to
this Section 2.06 shall continue to constitute Revolving Credit Advances except
that the Borrower may not reborrow pursuant to Section 2.01 after all or any
portion of such Revolving Credit Advances have been prepaid pursuant to Section
2.10.

            SECTION 2.07. Interest on Revolving Credit Advances. (a) Scheduled
Interest. The Borrower shall pay interest on the unpaid principal amount of each
Revolving Credit Advance owing to each Lender from the date of such Revolving
Credit Advance until such principal amount shall be paid in full, at the
following rates per annum:

            (i) Base Rate Advances. During such periods as such Advance is a
      Base Rate Advance, a rate per annum equal at all times to the sum of (x)
      the Base Rate in effect from time to time plus (y) the Applicable Margin
      in effect from time to time plus (z) the Applicable Utilization Fee in
      effect from time to time, payable in arrears quarterly on the last day of
      each March, June, September and December during such periods and on the
      date such Base Rate Advance shall be Converted or paid in full.

            (ii) Eurodollar Rate Advances. During such periods as such Advance
      is a Eurodollar Rate Advance, a rate per annum equal at all times during
      each Interest Period for such Revolving Credit Advance to the sum of (x)
      the Eurodollar Rate for such Interest Period for such Revolving Credit
      Advance plus (y) the Applicable Margin in effect from time to time plus
      (z) the Applicable Utilization Fee in effect from time to time, payable in
      arrears on the last day of such Interest Period and, if such Interest
      Period has a duration of more than three months, on each day that occurs
      during such Interest Period every three months from the first day of such
      Interest Period and on the date such Eurodollar Rate Advance shall be
      Converted or paid in full.

            (b) Default Interest. Upon the occurrence and during the continuance
of an Event of Default under Section 6.01(a), the Agent may, and upon the
request of the Required Lenders shall, require the Borrower to pay interest
("Default Interest") on (i) the unpaid principal amount of each Revolving Credit
Advance owing to each Lender, payable in arrears on the dates referred to in
clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per
annum above the rate per annum required to be paid on such Revolving Credit
Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest
extent permitted by law, the amount of any interest, fee or other amount payable
hereunder that is not paid when due, from the date such amount shall be due
until such amount shall be paid in full, payable in arrears on the date such
amount shall be paid in full and on demand, at a rate per annum equal at all
times to 2% per annum above the rate per annum required to be paid on Base Rate
Advances pursuant to clause (a)(i) above, provided, however, that following
acceleration of the Advances pursuant to Section 6.01, Default Interest shall
accrue and be payable hereunder whether or not previously required by the Agent.

            SECTION 2.08. Interest Rate Determination. (a) Each Reference Bank
agrees to furnish to the Agent timely information for the purpose of determining
each Eurodollar Rate and each LIBO Rate. If any one or more of the Reference
Banks shall not furnish such timely information to the Agent for the purpose of
determining any such interest rate, the Agent shall determine such interest rate
on the basis of timely information furnished by the remaining Reference Banks.
The Agent shall give prompt notice to the Borrower and the Lenders of the
applicable interest rate determined by the Agent for purposes of Section
2.07(a)(i) or (ii), and the rate, if any, furnished by each Reference Bank for
the purpose of determining the interest rate under Section 2.07(a)(ii).

            (b) If, with respect to any Eurodollar Rate Advances, the Required
Lenders notify the Agent that the Eurodollar Rate for any Interest Period for
such Advances will not adequately reflect the cost to such Required Lenders of
making, funding or maintaining their respective Eurodollar Rate Advances for
such Interest Period, the Agent shall forthwith so notify the Borrower and the
Lenders, whereupon (i) each Eurodollar Rate Advance will automatically, on the
last day of the then existing Interest Period therefor, Convert into a Base Rate
Advance, and (ii) the obligation of the Lenders to make, or to Convert Revolving
Credit Advances into, Eurodollar

                                       16

<PAGE>

Rate Advances shall be suspended until the Agent shall notify the Borrower and
the Lenders that the circumstances causing such suspension no longer exist.

            (c) If the Borrower shall fail to select the duration of any
Interest Period for any Eurodollar Rate Advances in accordance with the
provisions contained in the definition of "Interest Period" in Section 1.01, the
Agent will forthwith so notify the Borrower and the Lenders and such Advances
will automatically, on the last day of the then existing Interest Period
therefor, Convert into Base Rate Advances.

            (d) On the date on which the aggregate unpaid principal amount of
Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment
or prepayment or otherwise, to less than $10,000,000, such Advances shall
automatically Convert into Base Rate Advances.

            (e) Upon the occurrence and during the continuance of any Event of
Default under Section 6.01(a), (i) each Eurodollar Rate Advance will
automatically, on the last day of the then existing Interest Period therefor,
Convert into a Base Rate Advance and (ii) the obligation of the Lenders to make,
or to Convert Advances into, Eurodollar Rate Advances shall be suspended.

            (f) If Telerate Markets Page 3750 is unavailable and fewer than two
Reference Banks furnish timely information to the Agent for determining the
Eurodollar Rate or LIBO Rate for any Eurodollar Rate Advances or LIBO Rate
Advances, as the case may be,

            (i) the Agent shall forthwith notify the Borrower and the Lenders
      that the interest rate cannot be determined for such Eurodollar Rate
      Advances or LIBO Rate Advances, as the case may be,

            (ii) with respect to Eurodollar Rate Advances, each such Advance
      will automatically, on the last day of the then existing Interest Period
      therefor, Convert into a Base Rate Advance (or if such Advance is then a
      Base Rate Advance, will continue as a Base Rate Advance), and

            (iii) the obligation of the Lenders to make Eurodollar Rate Advances
      or LIBO Rate Advances or to Convert Revolving Credit Advances into
      Eurodollar Rate Advances shall be suspended until the Agent shall notify
      the Borrower and the Lenders that the circumstances causing such
      suspension no longer exist.

            SECTION 2.09. Optional Conversion of Revolving Credit Advances. The
Borrower may on any Business Day, upon notice given to the Agent not later than
11:00 A.M. (New York City time) on the third Business Day prior to the date of
the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12,
Convert all Revolving Credit Advances of one Type comprising the same Borrowing
into Revolving Credit Advances of the other Type; provided, however, that any
Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made
only on the last day of an Interest Period for such Eurodollar Rate Advances,
any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in
an amount not less than the minimum amount specified in Section 2.02(b) and no
Conversion of any Revolving Credit Advances shall result in more separate
Revolving Credit Borrowings than permitted under Section 2.02(b). Each such
notice of a Conversion shall, within the restrictions specified above, specify
(i) the date of such Conversion, (ii) the Revolving Credit Advances to be
Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the
duration of the initial Interest Period for each such Advance. Each notice of
Conversion shall be irrevocable and binding on the Borrower.

            SECTION 2.10. Prepayments of Revolving Credit Advances. (a)
Optional. The Borrower may, upon notice at least three Business Days' prior to
the date of such prepayment, in the case of Eurodollar Rate Advances, and not
later than 11:00 A.M. (New York City time) on the date of such prepayment, in
the case of Base Rate Advances, to the Agent stating the proposed date and
aggregate principal amount of the prepayment, and if such notice is given, the
Borrower shall prepay the outstanding principal amount of the Revolving Credit
Advances comprising part of the same Revolving Credit Borrowing in whole or
ratably in part, together with accrued interest to the date of such prepayment
on the principal amount prepaid; provided, however, that (x) each partial
prepayment shall be in an aggregate principal amount of $10,000,000 or an
integral multiple of $1,000,000 in excess thereof

                                       17

<PAGE>

and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the
Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant
to Section 8.04(c).

            (b) Mandatory. The Borrower shall, on each Business Day, prepay an
aggregate principal amount of the Revolving Credit Advances comprising part of
the same Revolving Credit Borrowing equal to the amount by which the aggregate
principal amount of the Advances then outstanding exceeds the Revolving Credit
Facility on such Business Day.

            SECTION 2.11. Increased Costs. (a) If, due to either (i) the
introduction of or any change in or in the interpretation of any law or
regulation or (ii) the compliance with any guideline or request from any central
bank or other governmental authority (whether or not having the force of law),
there shall be any increase in the cost to any Lender of agreeing to make or
making, funding or maintaining Eurodollar Rate Advances or LIBO Rate Advances
(excluding for purposes of this Section 2.11 any such increased costs resulting
from (i) Taxes or Other Taxes (as to which Section 2.14 shall govern) and (ii)
changes in the basis of taxation of overall net income or overall gross income
by the United States or by the foreign jurisdiction or state under the laws of
which such Lender is organized or has its Applicable Lending Office or any
political subdivision thereof), then the Borrower shall from time to time, upon
demand by such Lender (with a copy of such demand to the Agent), pay to the
Agent for the account of such Lender additional amounts sufficient to compensate
such Lender for such increased cost; provided, however, that before making any
such demand, each Lender agrees to use reasonable efforts (consistent with its
internal policy and legal and regulatory restrictions) to designate a different
Applicable Lending Office if the making of such a designation would avoid the
need for, or reduce the amount of, such increased cost and would not, in the
reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.
A certificate as to the amount of such increased cost, submitted to the Borrower
and the Agent by such Lender, shall be conclusive and binding for all purposes,
absent manifest error.

            (b) If any Lender determines that compliance with any law or
regulation or any guideline or request from any central bank or other
governmental authority (whether or not having the force of law) affects or would
affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such
capital is increased by or based upon the existence of such Lender's commitment
to lend hereunder and other commitments of such type, then, upon demand by such
Lender (with a copy of such demand to the Agent), the Borrower shall pay to the
Agent for the account of such Lender, from time to time as specified by such
Lender, additional amounts sufficient to compensate such Lender or such
corporation in the light of such circumstances, to the extent that such Lender
reasonably determines such increase in capital to be allocable to the existence
of such Lender's commitment to lend hereunder. A certificate as to such amounts
submitted to the Borrower and the Agent by such Lender shall be conclusive and
binding for all purposes, absent manifest error.

            (c) Failure or delay on the part of any Lender to demand
compensation pursuant to this Section 2.11 shall not constitute a waiver of such
Lender's right to demand such compensation; provided that the Borrower shall not
be required to compensate such Lender pursuant to this Section for any increased
costs or reductions incurred more than 180 days prior to the date that such
Lender notifies the Borrower of the event giving rise to such increased costs or
reductions and of such Lender's intention to claim compensation therefor;
provided, further that, if the event giving rise to such increased costs or
reductions is retroactive, then the 180 day period referred to above shall be
extended to include the period of retroactive effect thereof.

            SECTION 2.12. Illegality. Notwithstanding any other provision of
this Agreement, if any Lender shall notify the Agent that the introduction of or
any change in or in the interpretation of any law or regulation makes it
unlawful, or any central bank or other governmental authority asserts that it is
unlawful, for any Lender or its Eurodollar Lending Office to perform its
obligations hereunder to make Eurodollar Rate Advances or LIBO Rate Advances or
to fund or maintain Eurodollar Rate Advances or LIBO Rate Advances hereunder,
(a) each Eurodollar Rate Advance or LIBO Rate Advance, as the case may be, will
automatically, at the end of the applicable Interest Period then in effect if
permitted and otherwise upon such demand, Convert into a Base Rate Advance or an
Advance that bears interest at the rate set forth in Section 2.07(a)(i), as the
case may be, and (b) the obligation of the Lenders to make Eurodollar Rate
Advances or LIBO Rate Advances or to Convert Revolving Credit Advances into
Eurodollar Rate Advances shall be suspended until the Agent shall notify the
Borrower and the Lenders that the circumstances causing such suspension no
longer exist; provided, however, that before making any such demand,

                                       18

<PAGE>

each Lender agrees to use reasonable efforts (consistent with its internal
policy and legal and regulatory restrictions) to designate a different
Eurocurrency Lending Office if the making of such a designation would allow such
Lender or its Eurocurrency Lending Office to continue to perform its obligations
to make Eurocurrency Rate Advances or to continue to fund or maintain
Eurocurrency Rate Advances and would not, in the judgment of such Lender, be
otherwise disadvantageous to such Lender.

            SECTION 2.13. Payments and Computations. (a) The Borrower shall make
each payment hereunder, irrespective of any right of counterclaim or set-off,
not later than 11:00 A.M. (New York City time) on the day when due in U.S.
dollars to the Agent at the Agent's Account in same day funds. The Agent will
promptly thereafter cause to be distributed like funds relating to the payment
of principal or interest or facility fees ratably (other than amounts payable
pursuant to Section 2.03, 2.11, 2.14 or 8.04(c)) to the Lenders for the account
of their respective Applicable Lending Offices, and like funds relating to the
payment of any other amount payable to any Lender to such Lender for the account
of its Applicable Lending Office, in each case to be applied in accordance with
the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance
and recording of the information contained therein in the Register pursuant to
Section 8.07(c), from and after the effective date specified in such Assignment
and Acceptance, the Agent shall make all payments hereunder and under the Notes
in respect of the interest assigned thereby to the Lender assignee thereunder,
and the parties to such Assignment and Acceptance shall make all appropriate
adjustments in such payments for periods prior to such effective date directly
between themselves.

            (b) All computations of interest based on the Base Rate shall be
made by the Agent on the basis of a year of 365 or 366 days, as the case may be,
and all computations of interest based on the Eurodollar Rate, the LIBO Rate or
the Federal Funds Rate or in respect of Fixed Rate Advances and of facility fees
shall be made by the Agent on the basis of a year of 360 days, in each case for
the actual number of days (including the first day but excluding the last day)
occurring in the period for which such interest or facility fees are payable.
Each determination by the Agent of an interest rate hereunder shall be
conclusive and binding for all purposes, absent manifest error.

            (c) Whenever any payment hereunder or under the Notes shall be
stated to be due on a day other than a Business Day, such payment shall be made
on the next succeeding Business Day, and such extension of time shall in such
case be included in the computation of payment of interest or facility fee, as
the case may be; provided, however, that, if such extension would cause payment
of interest on or principal of Eurodollar Rate Advances or LIBO Rate Advances to
be made in the next following calendar month, such payment shall be made on the
next preceding Business Day.

            (d) Unless the Agent shall have received notice from the Borrower
prior to the date on which any payment is due to the Lenders hereunder that the
Borrower will not make such payment in full, the Agent may assume that the
Borrower has made such payment in full to the Agent on such date and the Agent
may, in reliance upon such assumption, cause to be distributed to each Lender on
such due date an amount equal to the amount then due such Lender. If and to the
extent the Borrower shall not have so made such payment in full to the Agent,
each Lender shall repay to the Agent forthwith on demand such amount distributed
to such Lender together with interest thereon, for each day from the date such
amount is distributed to such Lender until the date such Lender repays such
amount to the Agent, at the Federal Funds Rate.

            SECTION 2.14. Taxes. (a) Any and all payments by the Borrower to or
for the account of any Lender or the Agent hereunder or under the Notes or any
other documents to be delivered hereunder shall be made, in accordance with
Section 2.13 or the applicable provisions of such other documents, free and
clear of and without deduction for any and all present or future withholding
taxes, including levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto, excluding, in the case of each Lender and the
Agent, taxes imposed on its overall net income, and franchise taxes imposed on
it in lieu of net income taxes, by the jurisdiction under the laws of which such
Lender or the Agent (as the case may be) is organized or any political
subdivision thereof and, in the case of each Lender, taxes imposed on its
overall net income, and franchise taxes imposed on it in lieu of net income
taxes, by the jurisdiction of such Lender's Applicable Lending Office or any
political subdivision thereof (all such non-excluded taxes, levies, imposts,
deductions, charges, withholdings and liabilities in respect of payments
hereunder or under the Notes being hereinafter referred to as "Taxes"). If the
Borrower shall be required by law to deduct any Taxes from or in respect of any
sum payable hereunder or under any Note or any other

                                       19

<PAGE>

documents to be delivered hereunder to any Lender or the Agent, (i) the sum
payable shall be increased as may be necessary so that after making all required
deductions (including deductions applicable to additional sums payable under
this Section 2.14) such Lender or the Agent (as the case may be) receives an
amount equal to the sum it would have received had no such deductions been made,
(ii) the Borrower shall make such deductions and (iii) the Borrower shall pay
the full amount deducted to the relevant taxation authority or other authority
in accordance with applicable law.

            (b) In addition, the Borrower shall pay any present or future stamp
or documentary taxes or any other excise or property taxes, charges or similar
levies that arise from any payment made hereunder or under the Notes or any
other documents to be delivered hereunder or from the execution, delivery or
registration of, performing under, or otherwise with respect to, this Agreement
or the Notes or any other documents to be delivered hereunder, but excluding all
other United States federal taxes other than withholding taxes (hereinafter
referred to as "Other Taxes").

            (c) The Borrower shall indemnify each Lender and the Agent for and
hold it harmless against the full amount of Taxes or Other Taxes (including,
without limitation, taxes of any kind imposed or asserted by any jurisdiction on
amounts payable under this Section 2.14) imposed on or paid by such Lender or
the Agent (as the case may be) and any liability (including penalties, interest
and expenses) arising therefrom or with respect thereto. This indemnification
shall be made within 30 days from the date such Lender or the Agent (as the case
may be) makes written demand therefor.

            (d) Within 30 days after the date of any payment of Taxes, the
Borrower shall furnish to the Agent, at its address referred to in Section 8.02,
the original or a certified copy of a receipt evidencing such payment to the
extent such a receipt is issued therefor, or other written proof of payment
thereof that is reasonably satisfactory to the Agent. In the case of any payment
hereunder or under the Notes or any other documents to be delivered hereunder by
or on behalf of the Borrower through an account or branch outside the United
States or by or on behalf of the Borrower by a payor that is not a United States
person, if the Borrower determines that no Taxes are payable in respect thereof,
the Borrower shall furnish, or shall cause such payor to furnish, to the Agent,
at such address, an opinion of counsel acceptable to the Agent stating that such
payment is exempt from Taxes. For purposes of this subsection (d) and subsection
(e), the terms "United States" and "United States person" shall have the
meanings specified in Section 7701 of the Internal Revenue Code.

            (e) Each Lender organized under the laws of a jurisdiction outside
the United States, on or prior to the date of its execution and delivery of this
Agreement in the case of each Initial Lender and on the date of the Assumption
Agreement or the Assignment and Acceptance pursuant to which it becomes a Lender
in the case of each other Lender, and from time to time thereafter as reasonably
requested in writing by the Borrower (but only so long as such Lender remains
lawfully able to do so), shall provide each of the Agent and the Borrower with
two original Internal Revenue Service forms W-8BEN or W-8ECI, as appropriate, or
any successor or other form prescribed by the Internal Revenue Service,
certifying that such Lender is exempt from or entitled to a reduced rate of
United States withholding tax on payments pursuant to this Agreement or the
Notes. If the form provided by a Lender at the time such Lender first becomes a
party to this Agreement indicates a United States interest withholding tax rate
in excess of zero, withholding tax at such rate shall be considered excluded
from Taxes unless and until such Lender provides the appropriate forms
certifying that a lesser rate applies, whereupon withholding tax at such lesser
rate only shall be considered excluded from Taxes for periods governed by such
form; provided, however, that, if at the date of the Assignment and Acceptance
pursuant to which a Lender assignee becomes a party to this Agreement, the
Lender assignor was entitled to payments under subsection (a) in respect of
United States withholding tax with respect to interest paid at such date, then,
to such extent, the term Taxes shall include (in addition to withholding taxes
that may be imposed in the future or other amounts otherwise includable in
Taxes) United States withholding tax, if any, applicable with respect to the
Lender assignee on such date. If any form or document referred to in this
subsection (e) requires the disclosure of information, other than information
necessary to compute the tax payable and information required on the date hereof
by Internal Revenue Service form W-8BEN or W-8ECI, that the Lender reasonably
considers to be confidential, the Lender shall give notice thereof to the
Borrower and shall not be obligated to include in such form or document such
confidential information.

                  (f) For any period with respect to which a Lender has failed
to provide the Borrower with the appropriate form, certificate or other document
described in Section 2.14(e) (other than if such failure is due to a

                                       20

<PAGE>

change in law, or in the interpretation or application thereof, occurring
subsequent to the date on which a form, certificate or other document originally
was required to be provided, or if such form, certificate or other document
otherwise is not required under subsection (e) above), such Lender shall not be
entitled to indemnification under Section 2.14(a) or (c) with respect to Taxes
imposed by the United States by reason of such failure; provided, however, that
should a Lender become subject to Taxes because of its failure to deliver a
form, certificate or other document required hereunder, the Borrower shall take
such steps as the Lender shall reasonably request to assist the Lender to
recover such Taxes.

            SECTION 2.15. Sharing of Payments, Etc. If any Lender shall obtain
any payment (whether voluntary, involuntary, through the exercise of any right
of set-off, or otherwise) on account of the Revolving Credit Advances owing to
it (other than pursuant to Section 2.11, 2.14 or 8.04(c)) in excess of its
ratable share of payments on account of the Revolving Credit Advances obtained
by all the Lenders, such Lender shall forthwith purchase from the other Lenders
such participations in the Revolving Credit Advances owing to them as shall be
necessary to cause such purchasing Lender to share the excess payment ratably
with each of them; provided, however, that if all or any portion of such excess
payment is thereafter recovered from such purchasing Lender, such purchase from
each Lender shall be rescinded and such Lender shall repay to the purchasing
Lender the purchase price to the extent of such recovery together with an amount
equal to such Lender's ratable share (according to the proportion of (i) the
amount of such Lender's required repayment to (ii) the total amount so recovered
from the purchasing Lender) of any interest or other amount paid or payable by
the purchasing Lender in respect of the total amount so recovered. The Borrower
agrees that any Lender so purchasing a participation from another Lender
pursuant to this Section 2.15 may, to the fullest extent permitted by law,
exercise all its rights of payment (including the right of set-off) with respect
to such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation.

            SECTION 2.16. Evidence of Debt. (a) Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the
indebtedness of the Borrower to such Lender resulting from each Revolving Credit
Advance owing to such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time
hereunder in respect of Revolving Credit Advances. The Borrower agrees that upon
notice by any Lender to the Borrower (with a copy of such notice to the Agent)
to the effect that a Revolving Credit Note is required or appropriate in order
for such Lender to evidence (whether for purposes of pledge, enforcement or
otherwise) the Revolving Credit Advances owing to, or to be made by, such
Lender, the Borrower shall promptly execute and deliver to such Lender a
Revolving Credit Note payable to the order of such Lender in a principal amount
up to the Revolving Credit Commitment of such Lender.

            (b) The Register maintained by the Agent pursuant to Section 8.07(d)
shall include a control account, and a subsidiary account for each Lender, in
which accounts (taken together) shall be recorded (i) the date and amount of
each Borrowing made hereunder, the Type of Advances comprising such Borrowing
and, if appropriate, the Interest Period applicable thereto, (ii) the terms of
each Assignment and Acceptance delivered to and accepted by it, (iii) the amount
of any principal or interest due and payable or to become due and payable from
the Borrower to each Lender hereunder and (iv) the amount of any sum received by
the Agent from the Borrower hereunder and each Lender's share thereof.

            (c) Entries made in good faith by the Agent in the Register pursuant
to subsection (b) above, and by each Lender in its account or accounts pursuant
to subsection (a) above, shall be prima facie evidence of the amount of
principal and interest due and payable or to become due and payable from the
Borrower to, in the case of the Register, each Lender and, in the case of such
account or accounts, such Lender, under this Agreement, absent manifest error;
provided, however, that the failure of the Agent or such Lender to make an
entry, or any finding that an entry is incorrect, in the Register or such
account or accounts shall not limit or otherwise affect the obligations of the
Borrower under this Agreement.

            SECTION 2.17. Use of Proceeds. The proceeds of the Advances shall be
available (and the Borrower agrees that it shall use such proceeds) solely for
general corporate purposes of the Borrower and its Subsidiaries.

                                   ARTICLE III

                                       21

<PAGE>

                     CONDITIONS TO EFFECTIVENESS AND LENDING

            SECTION 3.01. Conditions Precedent to Effectiveness of Sections 2.01
and 2.03. Sections 2.01 and 2.03 of this Agreement shall become effective on and
as of the first date (the "Effective Date") on which the following conditions
precedent have been satisfied:

            (a) There shall have occurred no Material Adverse Change since
      December 31, 2003, except as disclosed in the Interim Financial
      Statements.

            (b) There shall exist no action, suit, investigation, litigation or
      proceeding affecting the Borrower or any of its Subsidiaries pending or
      threatened before any court, governmental agency or arbitrator that (i)
      could be reasonably expected to have a Material Adverse Effect or (ii)
      purports to affect the legality, validity or enforceability of this
      Agreement or any Note or the consummation of the transactions contemplated
      hereby.

            (c) Nothing shall have come to the attention of the Lenders during
      the course of their due diligence investigation to lead them to believe
      that the Information Memorandum was or has become misleading, incorrect or
      incomplete in any material respect; without limiting the generality of the
      foregoing, the Lenders shall have been given such access to the
      management, records, books of account, contracts and properties of the
      Borrower and its Subsidiaries as they shall have requested.

            (d) All governmental and third party consents and approvals
      necessary in connection with the transactions contemplated hereby shall
      have been obtained (without the imposition of any conditions that are not
      acceptable to the Lenders) and shall remain in effect, and no law or
      regulation shall be applicable in the reasonable judgment of the Lenders
      that restrains, prevents or imposes materially adverse conditions upon the
      transactions contemplated hereby.

            (e) The Borrower shall have notified the Agent, who will promptly
      notify each Lender, in writing as to the proposed Effective Date.

            (f) The Borrower shall have paid all accrued fees and expenses of
      the Agent and the Lenders (including the accrued fees and expenses of
      counsel to the Agent).

            (g) On the Effective Date, the following statements shall be true
      and the Agent shall have received for the account of each Lender a
      certificate signed by a duly authorized officer of the Borrower, dated the
      Effective Date, stating that:

                  (i) The representations and warranties contained in Section
            4.01 are correct on and as of the Effective Date,

                  (ii) No event has occurred and is continuing that constitutes
            a Default, and

                  (iii) The Borrower has terminated the commitments of the
            lenders and repaid or prepaid in full all amounts outstanding under
            the 364-Day Revolving Credit Agreement dated as of March 12, 2004
            among the Borrower, the lenders parties thereto and Citibank, N.A.,
            as agent.

                  By execution of this Agreement, each of the Lenders that is a
            lender under the credit agreement referred to in clause (iii) above
            hereby waives the requirement set forth in Section 2.05 of such
            credit agreement of three business days' prior notice to the
            termination of their commitments thereunder.

            (h) The Agent shall have received on or before the Effective Date
      the following, each dated such day, in form and substance satisfactory to
      the Agent and (except for the Revolving Credit Notes) in sufficient copies
      for each Lender:

                                       22

<PAGE>

                  (i) The Revolving Credit Notes to the order of the Lenders to
            the extent requested by any Lender pursuant to Section 2.16.

                  (ii) Certified copies of the resolutions of the Board of
            Directors of the Borrower approving the Loan Documents, and of all
            documents evidencing other necessary corporate action and
            governmental approvals, if any, with respect to the Loan Documents.

                  (iii) A certificate of the Secretary or an Assistant Secretary
            of the Borrower certifying the names and true signatures of the
            officers of the Borrower authorized to sign the Loan Documents and
            the other documents to be delivered hereunder.

                  (iv) A favorable opinion of each of Jane G. Davis, Vice
            President, Secretary and General Counsel of the Borrower, and Miles
            & Stockbridge P.C., counsel for the Borrower, substantially in the
            form of Exhibit D-1 and Exhibit D-2 hereto, respectively, and as to
            such other matters as any Lender through the Agent may reasonably
            request.

                  (v) A favorable opinion of Shearman & Sterling LLP, counsel
            for the Agent, in form and substance satisfactory to the Agent.

            SECTION 3.02. Conditions Precedent to Each Revolving Credit
Borrowing and the Term Loan Conversion Date. The obligation of each Lender to
make a Revolving Credit Advance on the occasion of each Revolving Credit
Borrowing and the effectiveness of the Term Loan Election pursuant to Section
2.06 shall be subject to the conditions precedent that the Effective Date shall
have occurred and on the date of such Revolving Credit Borrowing or on the Term
Loan Conversion Date, as the case may be, (a) the following statements shall be
true (and each of the giving of the applicable Notice of Revolving Credit
Borrowing, notice of Term Loan Election and the acceptance by the Borrower of
the proceeds of such Revolving Credit Borrowing shall constitute a
representation and warranty by the Borrower that on the date of such Borrowing
or the Term Loan Conversion Date such statements are true):

            (i) the representations and warranties contained in Section 4.01
      (except, in the case of Revolving Credit Borrowings, the representations
      set forth in the last sentence of subsection (e) thereof and in subsection
      (f)(i) thereof) are correct on and as of such date, before and after
      giving effect to such Revolving Credit Borrowing and to the application of
      the proceeds therefrom or to the Term Loan Election, as the case may be,
      as though made on and as of such date, and

            (ii) no event has occurred and is continuing, or would result from
      such Revolving Credit Borrowing or from the application of the proceeds
      therefrom or from the effectiveness of the Term Loan Election, that
      constitutes a Default;

and (b) the Agent shall have received such other approvals, opinions or
documents as any Lender through the Agent may reasonably request.

            SECTION 3.03. Conditions Precedent to Each Competitive Bid
Borrowing. The obligation of each Lender that is to make a Competitive Bid
Advance on the occasion of a Competitive Bid Borrowing to make such Competitive
Bid Advance as part of such Competitive Bid Borrowing is subject to the
conditions precedent that (i) the Agent shall have received the written
confirmatory Notice of Competitive Bid Borrowing with respect thereto, (ii) on
or before the date of such Competitive Bid Borrowing, but prior to such
Competitive Bid Borrowing, the Agent shall have received a Competitive Bid Note
payable to the order of such Lender for each of the one or more Competitive Bid
Advances to be made by such Lender as part of such Competitive Bid Borrowing, in
a principal amount equal to the principal amount of the Competitive Bid Advance
to be evidenced thereby and otherwise on such terms as were agreed to for such
Competitive Bid Advance in accordance with Section 2.03, and (iii) on the date
of such Competitive Bid Borrowing the following statements shall be true (and
each of the giving of the applicable Notice of Competitive Bid Borrowing and the
acceptance by the Borrower of the proceeds of such Competitive Bid Borrowing
shall constitute a representation and warranty by the Borrower that on the date
of such Competitive Bid Borrowing such statements are true):

                                       23

<PAGE>

            (a) the representations and warranties contained in Section 4.01
      (except the representations set forth in the last sentence of subsection
      (e) thereof and in subsection (f)(i) thereof) are correct on and as of the
      date of such Competitive Bid Borrowing, before and after giving effect to
      such Competitive Bid Borrowing and to the application of the proceeds
      therefrom, as though made on and as of such date,

            (b) no event has occurred and is continuing, or would result from
      such Competitive Bid Borrowing or from the application of the proceeds
      therefrom, that constitutes a Default, and

            (c) no event has occurred and no circumstance exists as a result of
      which the information concerning the Borrower that has been provided to
      the Agent and each Lender by the Borrower in connection herewith would
      include an untrue statement of a material fact or omit to state any
      material fact or any fact necessary to make the statements contained
      therein, in the light of the circumstances under which they were made, not
      misleading.

            SECTION 3.04. Determinations Under Section 3.01. For purposes of
determining compliance with the conditions specified in Section 3.01, each
Lender shall be deemed to have consented to, approved or accepted or to be
satisfied with each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to the Lenders unless an officer
of the Agent responsible for the transactions contemplated by this Agreement
shall have received notice from such Lender prior to the date that the Borrower,
by notice to the Lenders, designates as the proposed Effective Date, specifying
its objection thereto. The Agent shall promptly notify the Lenders of the
occurrence of the Effective Date.

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

            SECTION 4.01. Representations and Warranties of the Borrower. The
Borrower represents and warrants as follows:

            (a) The Borrower is a corporation duly organized, validly existing
      and in good standing under the laws of the State of Delaware.

            (b) The execution, delivery and performance by the Borrower of the
      Loan Documents and the consummation of the transactions contemplated
      hereby, are within the Borrower's corporate powers, have been duly
      authorized by all necessary corporate action, and do not contravene (i)
      the Borrower's charter or by-laws or (ii) law or any contractual
      restriction binding on or affecting the Borrower.

            (c) No authorization or approval or other action by, and no notice
      to or filing with, any governmental authority or regulatory body or any
      other third party is required for the due execution, delivery and
      performance by the Borrower of the Loan Documents.

            (d) This Agreement has been, and each of the other Loan Documents
      when delivered hereunder will have been, duly executed and delivered by
      the Borrower. This Agreement is, and each of the other Loan Documents when
      delivered hereunder will be, the legal, valid and binding obligation of
      the Borrower enforceable against the Borrower in accordance with their
      respective terms, except as enforceability may be limited by applicable
      bankruptcy, insolvency, reorganization, moratorium or similar laws
      affecting the enforcement of creditors' rights generally and by general
      equitable principles (whether enforcement is sought by proceedings in
      equity or at law).

            (e) The Consolidated balance sheet of the Borrower and its
      Subsidiaries as at December 31, 2003, and the related Consolidated
      statements of income and cash flows of the Borrower and its Subsidiaries
      for the fiscal year then ended, accompanied by an opinion of KPMG LLP,
      independent public accountants, and the Consolidated balance sheet of the
      Borrower and its Subsidiaries as at September 30, 2004, and the related
      Consolidated statements of income and cash flows (together with said
      balance sheet,

                                       24

<PAGE>

      the "Interim Financial Statements") of the Borrower and its Subsidiaries
      for the nine months then ended, duly certified by the chief financial
      officer of the Borrower, copies of which have been furnished to each
      Lender, fairly present, subject, in the case of said balance sheet as at
      September 30, 2004, and said statements of income and cash flows for the
      nine months then ended, to year-end audit adjustments, the Consolidated
      financial condition of the Borrower and its Subsidiaries as at such dates
      and the Consolidated results of the operations of the Borrower and its
      Subsidiaries for the periods ended on such dates, all in accordance with
      generally accepted accounting principles consistently applied. Since
      December 31, 2003, there has been no Material Adverse Change, except as
      disclosed in the Interim Financial Statements.

            (f) There is no pending or, to the knowledge of the Borrower,
      threatened action, suit, investigation, litigation or proceeding,
      including, without limitation, any Environmental Action, affecting the
      Borrower or any of its Subsidiaries before any court, governmental agency
      or arbitrator that (i) could be reasonably expected to have a Material
      Adverse Effect or (ii) purports to affect the legality, validity or
      enforceability of this Agreement or any Note or the consummation of the
      transactions contemplated hereby.

            (g) The Borrower is not engaged in the business of extending credit
      for the purpose of purchasing or carrying margin stock (within the meaning
      of Regulation U issued by the Board of Governors of the Federal Reserve
      System), and no proceeds of any Advance will be used to purchase or carry
      any margin stock or to extend credit to others for the purpose of
      purchasing or carrying any margin stock.

            (h) The Borrower is not an "investment company", or a company
      "controlled" by an "investment company", within the meaning of the
      Investment Company Act of 1940, as amended.

                                    ARTICLE V
                            COVENANTS OF THE BORROWER

            SECTION 5.01. Affirmative Covenants. So long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, the Borrower
will:

            (a) Compliance with Laws, Etc. Comply, and cause each of its
      Subsidiaries to comply, in all material respects, with all applicable
      laws, rules, regulations and orders, such compliance to include, without
      limitation, compliance with ERISA and Environmental Laws.

            (b) Payment of Taxes, Etc. Pay and discharge, and cause each of its
      Subsidiaries to pay and discharge, before the same shall become
      delinquent, (i) all taxes, assessments and governmental charges or levies
      imposed upon it or upon its property and (ii) all lawful claims that, if
      unpaid, might by law become a Lien upon its property; provided, however,
      that neither the Borrower nor any of its Subsidiaries shall be required to
      pay or discharge any such tax, assessment, charge or claim that (i) does
      not singly or in the aggregate exceed $25,000,000 or (ii) is being
      contested in good faith and by proper proceedings and as to which
      appropriate reserves are being maintained, unless and until any Lien
      resulting therefrom attaches to its property and becomes enforceable
      against its other creditors.

            (c) Maintenance of Insurance. Maintain, and cause each of its
      Subsidiaries to maintain, insurance with responsible and reputable
      insurance companies or associations in such amounts and covering such
      risks as is usually carried by companies engaged in similar businesses and
      owning similar properties in the same general areas in which the Borrower
      or such Subsidiary operates.

            (d) Preservation of Corporate Existence, Etc. Preserve and maintain,
      and cause each of its Subsidiaries to preserve and maintain, its corporate
      existence, rights (charter and statutory) and franchises; provided,
      however, that (i) the Borrower and its Subsidiaries may consummate any
      transaction permitted under Section 5.02(b), (ii) any Subsidiary the
      aggregate book value of the assets of which is less than $65,000,000 will
      not be subject to this Section 5.01(d) and (iii) neither the Borrower nor
      any of its Subsidiaries shall be required to preserve any right or
      franchise or, in the case of any immaterial

                                       25

<PAGE>

      Subsidiary, its existence, if the Borrower or such Subsidiary shall
      determine that the preservation thereof is no longer desirable in the
      conduct of the business of the Borrower or such Subsidiary, as the case
      may be, and that the loss thereof is not disadvantageous in any material
      respect to the Borrower, such Subsidiary or the Lenders.

            (e) Visitation Rights. At any reasonable time and from time to time
      upon reasonable notice, permit the Agent or any of the Lenders or any
      agents or representatives thereof, to examine and make copies of and
      abstracts from the records and books of account of, and visit the
      properties of, the Borrower and any of its Subsidiaries, and to discuss
      the affairs, finances and accounts of the Borrower and any of its
      Subsidiaries with any of their officers or directors and with their
      independent certified public accountants.

            (f) Keeping of Books. Keep, and cause each of its Subsidiaries to
      keep, proper books of record and account, in which full and correct
      entries shall be made of all financial transactions and the assets and
      business of the Borrower and each such Subsidiary in accordance with
      generally accepted accounting principles in effect from time to time.

            (g) Maintenance of Properties, Etc. Maintain and preserve, and cause
      each of its Subsidiaries to maintain and preserve, all of its material
      properties that are used or useful in the conduct of its business in good
      working order and condition, ordinary wear and tear excepted.

            (h) Transactions with Affiliates. Conduct, and cause each of its
      Subsidiaries to conduct, all transactions otherwise permitted under this
      Agreement with any of their Affiliates (other than the Borrower and its
      Subsidiaries) on terms that are fair and reasonable and no less favorable
      to the Borrower or such Subsidiary than it would obtain in a comparable
      arm's-length transaction with a Person not an Affiliate, except for
      transactions with joint ventures in which the Borrower owns, directly or
      indirectly, an interest of at least 20%, which could not, singly or in the
      aggregate, reasonably be expected to have a Material Adverse Effect.

            (i) Reporting Requirements. Furnish to the Lenders:

                  (i) as soon as available and in any event within 45 days after
            the end of each of the first three quarters of each fiscal year of
            the Borrower, the Consolidated balance sheet of the Borrower and its
            Subsidiaries as of the end of such quarter and Consolidated
            statements of income and cash flows of the Borrower and its
            Subsidiaries for the period commencing at the end of the previous
            fiscal year and ending with the end of such quarter, duly certified
            (subject to year-end audit adjustments) by the chief financial
            officer or treasurer of the Borrower as having been prepared in
            accordance with generally accepted accounting principles and
            certificates of the chief financial officer or treasurer of the
            Borrower as to compliance with the terms of this Agreement and
            setting forth in reasonable detail the calculations necessary to
            demonstrate compliance with Section 5.03, provided that in the event
            of any change in generally accepted accounting principles used in
            the preparation of such financial statements, the Borrower shall
            also provide, if necessary for the determination of compliance with
            Section 5.03, a statement of reconciliation conforming such
            financial statements to GAAP;

                  (ii) as soon as available and in any event within 90 days
            after the end of each fiscal year of the Borrower, a copy of the
            annual audit report for such year for the Borrower and its
            Subsidiaries, containing the Consolidated balance sheet of the
            Borrower and its Subsidiaries as of the end of such fiscal year and
            Consolidated statements of income and cash flows of the Borrower and
            its Subsidiaries for such fiscal year, in each case accompanied by
            an opinion without a "going concern" or like qualification or
            exception, or qualification arising out of the scope of the audit,
            acceptable to the Required Lenders by KPMG LLP or other independent
            public accountants of nationally recognized standing and
            certificates of the chief financial officer or treasurer of the
            Borrower as to compliance with the terms of this Agreement and
            setting forth in reasonable detail the calculations necessary to
            demonstrate compliance with Section 5.03, provided that in the event

                                       26

<PAGE>

            of any change in generally accepted accounting principles used in
            the preparation of such financial statements, the Borrower shall
            also provide, if necessary for the determination of compliance with
            Section 5.03, a statement of reconciliation conforming such
            financial statements to GAAP;

                  (iii) as soon as possible and in any event within five days
            after the occurrence of each Default continuing on the date of such
            statement, a statement of the chief financial officer or treasurer
            of the Borrower setting forth details of such Default and the action
            that the Borrower has taken and proposes to take with respect
            thereto;

                  (iv) promptly after the sending or filing thereof, copies of
            all reports that the Borrower sends to any of its securityholders,
            and copies of all reports and registration statements that the
            Borrower or any Subsidiary files with the Securities and Exchange
            Commission;

                  (v) promptly after the commencement (or, if later, promptly
            after the Borrower becomes aware) thereof, notice of all actions and
            proceedings before any court, governmental agency or arbitrator
            affecting the Borrower or any of its Subsidiaries of the type
            described in Section 4.01(f);

                  (vi) promptly after the Borrower becomes aware thereof, notice
            of a development or event which could reasonably be expected to have
            a Material Adverse Effect; and

                  (vii) such other information respecting the Borrower or any of
            its Subsidiaries as any Lender through the Agent may from time to
            time reasonably request.

            (j) Change in Nature of Business. Continue, and cause its
      Subsidiaries to continue, to engage in business of the same general type
      as conducted by it and its Subsidiaries, taken as a whole, on the date
      hereof.

            SECTION 5.02. Negative Covenants. So long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, the Borrower
will not:

            (a) Liens, Etc. Create or suffer to exist, or permit any of its
      Subsidiaries to create or suffer to exist, any Lien on or with respect to
      any of its properties, whether now owned or hereafter acquired, or assign,
      or permit any of its Subsidiaries to assign, any right to receive income,
      other than:

                  (i) Permitted Liens and Liens on assets of Subsidiaries of the
            Borrower for the benefit of other Subsidiaries of the Borrower or
            for the benefit of the Borrower,

                  (ii) purchase money Liens upon or in any assets acquired or
            held by the Borrower or any Subsidiary in the ordinary course of
            business to secure the purchase price of such assets or to secure
            Debt incurred solely for the purpose of financing the acquisition of
            such assets, or Liens existing on such assets at the time of or
            substantially contemporaneously with its acquisition (other than any
            such Liens created in contemplation of such acquisition that were
            not incurred to finance the acquisition of such assets) or
            extensions, renewals or replacements of any of the foregoing for the
            same or a lesser amount, provided, however, that no such Lien shall
            extend to or cover any properties of any character other than the
            assets being acquired, and no such extension, renewal or replacement
            shall extend to or cover any properties not theretofore subject to
            the Lien being extended, renewed or replaced.

                  (iii) the Liens existing on the Effective Date and described
            on Schedule 5.02(a) hereto,

                  (iv) Liens on property of a Person existing at the time such
            Person is merged into or consolidated with the Borrower or any
            Subsidiary of the Borrower or becomes a Subsidiary of the

                                       27

<PAGE>

            Borrower; provided that such Liens were not created in contemplation
            of such merger, consolidation or acquisition and do not extend to
            any assets other than those of the Person so merged into or
            consolidated with the Borrower or such Subsidiary or acquired by the
            Borrower or such Subsidiary,

                  (v) the replacement, extension or renewal of any Lien
            permitted by clause (iii) or (iv) above upon or in the same property
            theretofore subject thereto or the replacement, extension or renewal
            (without increase in the amount or change in any direct or
            contingent obligor) of the Debt secured thereby,

                  (vi) Liens on any capital stock which is not Voting Stock, and
            on not more than 20% of the Voting Stock, of any Foreign Subsidiary
            securing Debt of the Borrower or any Foreign Subsidiary in an
            aggregate amount at any time outstanding for the Borrower and all
            Foreign Subsidiaries not to exceed 25% of Net Worth; and

                  (vii) Liens not otherwise permitted by this Section 5.02(a)
            securing obligations in an aggregate amount not to exceed 10% of Net
            Worth.

            (b) Mergers, Etc. Merge or consolidate with or into, or convey,
      transfer, lease or otherwise dispose of (whether in one transaction or in
      a series of transactions) all or substantially all of its assets (whether
      now owned or hereafter acquired) to, any Person, or permit any of its
      Subsidiaries to do so, except that (i) any Subsidiary of the Borrower may
      merge or consolidate with or into, or dispose of assets to, any other
      Subsidiary of the Borrower, (ii) any Subsidiary of the Borrower may merge
      into or dispose of assets to the Borrower and (iii) any Subsidiary of the
      Borrower may sell, lease, transfer or otherwise dispose of any or all of
      its assets in connection with an investment in a joint venture engaged in
      a business of the same general type as that engaged in by the Borrower and
      its Subsidiaries, provided, in each case, that no Default shall have
      occurred and be continuing at the time of such proposed transaction or
      would result therefrom and provided, further, that any Subsidiary of the
      Borrower the then aggregate book value of the assets of which is less than
      $65,000,000 shall not be subject to this Section 5.02(b).

            (c) Accounting Changes. Make or permit, or permit any of its
      Subsidiaries to make or permit, any change in accounting policies or
      reporting practices, except as required or permitted by generally accepted
      accounting principles.

            SECTION 5.03. Financial Covenants. So long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, the Borrower
will:

            (a) Interest Coverage Ratio. Maintain a ratio of Consolidated EBITDA
      of the Borrower and its Subsidiaries for the period of four fiscal
      quarters most recently ended to Consolidated interest expense of the
      Borrower and its Subsidiaries for that period as reported on the
      Consolidated statements of income (or comparable statement) of not less
      than 3.50 : 1.00

            (b) Covenant Debt to Capital. Maintain a ratio of Consolidated
      Covenant Debt to the sum of Consolidated Covenant Debt plus Net Worth of
      not greater than 0.50 : 1.00, measured as of the end of each fiscal
      quarter.

                                   ARTICLE VI

                                EVENTS OF DEFAULT

            SECTION 6.01. Events of Default. If any of the following events
("Events of Default") shall occur and be continuing:

                                       28

<PAGE>

            (a) The Borrower shall fail to pay any principal of any Advance when
      the same becomes due and payable; or the Borrower shall fail to pay any
      interest on any Advance or make any other payment of fees or other amounts
      payable under this Agreement or any Note within five Business Days after
      the same becomes due and payable; or

            (b) Any representation or warranty made by the Borrower herein or by
      the Borrower (or any of its officers) in connection with this Agreement
      shall prove to have been incorrect in any material respect when made; or

            (c) (i) The Borrower shall fail to perform or observe any term,
      covenant or agreement contained in Section 5.01(d), (e), (h) or (i), 5.02
      or 5.03, or (ii) the Borrower shall fail to perform or observe any other
      term, covenant or agreement contained in this Agreement on its part to be
      performed or observed if such failure shall remain unremedied for 30 days
      after written notice thereof shall have been given to the Borrower by the
      Agent or any Lender; or

            (d) The Borrower or any of its Subsidiaries shall fail to pay any
      principal of or premium or interest on any Debt that is outstanding in a
      principal or notional amount of at least $25,000,000 in the aggregate (but
      excluding Debt outstanding hereunder) of the Borrower or such Subsidiary
      (as the case may be), when the same becomes due and payable (whether by
      scheduled maturity, required prepayment, acceleration, demand or
      otherwise), and such failure shall continue after the applicable grace
      period, if any, specified in the agreement or instrument relating to such
      Debt; or any other event shall occur or condition shall exist under any
      agreement or instrument relating to any such Debt and shall continue after
      the applicable grace period, if any, specified in such agreement or
      instrument, if the effect of such event or condition is to accelerate, or
      to permit the acceleration of, the maturity of such Debt; or any such Debt
      shall be declared to be due and payable, or required to be prepaid or
      redeemed (other than by a regularly scheduled required prepayment or
      redemption), purchased or defeased, or an offer to prepay, redeem,
      purchase or defease such Debt shall be required to be made, in each case
      prior to the stated maturity thereof; or

            (e) The Borrower or any of its Subsidiaries shall generally not pay
      its debts as such debts become due, or shall admit in writing its
      inability to pay its debts generally, or shall make a general assignment
      for the benefit of creditors; or any proceeding shall be instituted by or
      against the Borrower or any of its Subsidiaries seeking to adjudicate it a
      bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
      arrangement, adjustment, protection, relief, or composition of it or its
      debts under any law relating to bankruptcy, insolvency or reorganization
      or relief of debtors, or seeking the entry of an order for relief or the
      appointment of a receiver, trustee, custodian or other similar official
      for it or for any substantial part of its property and, in the case of any
      such proceeding instituted against it (but not instituted by it), either
      such proceeding shall remain undismissed or unstayed for a period of 30
      days, or any of the actions sought in such proceeding (including, without
      limitation, the entry of an order for relief against, or the appointment
      of a receiver, trustee, custodian or other similar official for, it or for
      any substantial part of its property) shall occur; or the Borrower or any
      of its Subsidiaries shall take any corporate action to authorize any of
      the actions set forth above in this subsection (e); or

            (f) Judgments or orders for the payment of money in excess of
      $25,000,000 in the aggregate shall be rendered against the Borrower or any
      of its Subsidiaries and either (i) enforcement proceedings shall have been
      commenced by any creditor upon such judgment or order or (ii) there shall
      be any period of 10 consecutive days during which a stay of enforcement of
      such judgment or order, by reason of a pending appeal or otherwise, shall
      not be in effect; or

            (g) (i) Any Person or two or more Persons acting in concert shall
      have acquired beneficial ownership (within the meaning of Rule 13d-3 of
      the Securities and Exchange Commission under the Securities Exchange Act
      of 1934), directly or indirectly, of Voting Stock of the Borrower (or
      other securities convertible into such Voting Stock) representing 30% or
      more of the combined voting power of all Voting Stock of the Borrower; or
      (ii) during any period of up to 24 consecutive months, commencing

                                       29

<PAGE>

      before or after the date of this Agreement, individuals who at the
      beginning of such 24-month period were directors of the Borrower shall
      cease for any reason to constitute a majority of the board of directors of
      the Borrower (except to the extent that individuals who at the beginning
      of such 24-month period were replaced by individuals (x) elected by a
      majority of the remaining members of the board of directors of the
      Borrower or (y) nominated for election by a majority of the remaining
      members of the board of directors of the Borrower and thereafter elected
      as directors by the shareholders of the Borrower) or

            (i) The Borrower or any of its ERISA Affiliates shall incur, or, in
      the reasonable opinion of the Required Lenders, shall be reasonably likely
      to incur liability in excess of $25,000,000 in the aggregate as a result
      of one or more of the following: (i) the occurrence of any ERISA Event;
      (ii) the partial or complete withdrawal of the Borrower or any of its
      ERISA Affiliates from a Multiemployer Plan; or (iii) the reorganization or
      termination of a Multiemployer Plan;

then, and in any such event, the Agent (i) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrower, declare the
obligation of each Lender to make Advances to be terminated, whereupon the same
shall forthwith terminate, and (ii) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrower, declare the
Advances, all interest thereon and all other amounts payable under this
Agreement to be forthwith due and payable, whereupon the Advances, all such
interest and all such amounts shall become and be forthwith due and payable,
without presentment, demand, protest or further notice of any kind, all of which
are hereby expressly waived by the Borrower; provided, however, that in the
event of an actual or deemed entry of an order for relief with respect to the
Borrower under the Federal Bankruptcy Code, (A) the obligation of each Lender to
make Advances shall automatically be terminated and (B) the Advances, all such
interest and all such amounts shall automatically become and be due and payable,
without presentment, demand, protest or any notice of any kind, all of which are
hereby expressly waived by the Borrower.

                                   ARTICLE VII

                                    THE AGENT

            SECTION 7.01. Authorization and Action. Each Lender hereby appoints
and authorizes the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under this Agreement as are delegated to the
Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by
this Agreement (including, without limitation, enforcement or collection of the
Notes), the Agent shall not be required to exercise any discretion or take any
action, but shall be required to act or to refrain from acting (and shall be
fully protected in so acting or refraining from acting) upon the instructions of
the Required Lenders, and such instructions shall be binding upon all Lenders
and all holders of Notes; provided, however, that the Agent shall not be
required to take any action that exposes the Agent to personal liability or that
is contrary to this Agreement or applicable law. The Agent agrees to give to
each Lender prompt notice of each notice given to it by the Borrower pursuant to
the terms of this Agreement.

            SECTION 7.02. Agent's Reliance, Etc. Neither the Agent nor any of
its directors, officers, agents or employees shall be liable for any action
taken or omitted to be taken by it or them under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct.
Without limitation of the generality of the foregoing, the Agent: (i) may treat
the Lender that made any Advance as the holder of the Debt resulting therefrom
until the Agent receives and accepts an Assignment and Acceptance entered into
by such Lender, as assignor, and an Eligible Assignee, as assignee, as provided
in Section 8.07; (ii) may consult with legal counsel (including counsel for the
Borrower), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by
it in accordance with the advice of such counsel, accountants or experts; (iii)
makes no warranty or representation to any Lender and shall not be responsible
to any Lender for any statements, warranties or representations (whether written
or oral) made in or in connection with this Agreement; (iv) shall not have any
duty to ascertain or to inquire as to the performance, observance or
satisfaction of any of the terms, covenants or conditions of this Agreement on
the part of the Borrower or the existence at any time of any Default or to
inspect the property (including the books and records) of the Borrower; (v)
shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or
any other instrument or document furnished pursuant hereto; and (vi) shall

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incur no liability under or in respect of this Agreement by acting upon any
notice, consent, certificate or other instrument or writing (which may be by
telecopier or telegram) believed by it to be genuine and signed or sent by the
proper party or parties.

            SECTION 7.03. Citibank and Affiliates. With respect to its
Commitment, the Advances made by it and the Note issued to it, Citibank shall
have the same rights and powers under this Agreement as any other Lender and may
exercise the same as though it were not the Agent; and the term "Lender" or
"Lenders" shall, unless otherwise expressly indicated, include Citibank in its
individual capacity. Citibank and its Affiliates may accept deposits from, lend
money to, act as trustee under indentures of, accept investment banking
engagements from and generally engage in any kind of business with, the
Borrower, any of its Subsidiaries and any Person who may do business with or own
securities of the Borrower or any such Subsidiary, all as if Citibank were not
the Agent and without any duty to account therefor to the Lenders. The Agent
shall have no duty to disclose information obtained or received by it or any of
its Affiliates relating to the Borrower or its Subsidiaries to the extent such
information was obtained or received in any capacity other than as Agent.

            SECTION 7.04. Lender Credit Decision. Each Lender acknowledges that
it has, independently and without reliance upon the Agent or any other Lender
and based on the financial statements referred to in Section 4.01 and such other
documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender also
acknowledges that it will, independently and without reliance upon the Agent or
any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement.

            SECTION 7.05. Indemnification. Each Lender agrees to indemnify the
Agent (to the extent not reimbursed by the Borrower) from and against such
Lender's Ratable Share of any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any
kind or nature whatsoever that may be imposed on, incurred by, or asserted
against the Agent, in its capacity as such, in any way relating to or arising
out of this Agreement or any action taken or omitted by the Agent, in its
capacity as such, under this Agreement (collectively, the "Indemnified Costs"),
provided that no Lender shall be liable for any portion of the Indemnified Costs
resulting from the Agent's gross negligence or willful misconduct. Without
limitation of the foregoing, each Lender agrees to reimburse the Agent promptly
upon demand for such Lender's Ratable Share of any out-of-pocket expenses
(including reasonable counsel fees) incurred by the Agent in connection with the
preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of,
or legal advice in respect of rights or responsibilities under, this Agreement,
to the extent that the Agent is not reimbursed for such expenses by the
Borrower. In the case of any investigation, litigation or proceeding giving rise
to any Indemnified Costs, this Section 7.05 applies whether any such
investigation, litigation or proceeding is brought by the Agent, any Lender or a
third party.

            SECTION 7.06. Successor Agent. The Agent may resign at any time by
giving written notice thereof to the Lenders and the Borrower and may be removed
at any time with or without cause by the Required Lenders. Upon any such
resignation or removal, the Required Lenders shall have the right to appoint a
successor Agent. If no successor Agent shall have been so appointed by the
Required Lenders, and shall have accepted such appointment, within 30 days after
the retiring Agent's giving of notice of resignation or the Required Lenders'
removal of the retiring Agent, then the retiring Agent may, on behalf of the
Lenders, appoint a successor Agent, which shall be a commercial bank organized
under the laws of the United States of America or of any State thereof and
having a combined capital and surplus of at least $500,000,000. Upon the
acceptance of any appointment as Agent hereunder by a successor Agent, such
successor Agent shall thereupon succeed to and become vested with all the
rights, powers, discretion, privileges and duties of the retiring Agent, and the
retiring Agent shall be discharged from its duties and obligations under this
Agreement. After any retiring Agent's resignation or removal hereunder as Agent,
the provisions of this Article VII shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Agent under this Agreement.

            SECTION 7.07. Other Agents. Each Lender hereby acknowledges that
neither the syndication agent, any documentation agent nor any other Lender
designated as any "Agent" on the signature pages hereof (other than the Agent)
has any liability hereunder other than in its capacity as a Lender.

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<PAGE>

                                  ARTICLE VIII

                                  MISCELLANEOUS

            SECTION 8.01. Amendments, Etc. No amendment or waiver of any
provision of this Agreement or the Revolving Credit Notes, nor consent to any
departure by the Borrower therefrom, shall in any event be effective unless the
same shall be in writing and signed by the Required Lenders, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no amendment, waiver
or consent shall, unless in writing and signed by all the Lenders, do any of the
following: (a) waive any of the conditions specified in Section 3.01, (b)
increase the aggregate Revolving Credit Commitments of the Lenders, (c) reduce
the principal of, or interest on, the Revolving Credit Advances or any fees or
other amounts payable hereunder, (d) postpone any date fixed for any payment of
principal of, or interest on, the Revolving Credit Advances or any fees or other
amounts payable hereunder, (e) change the percentage of the Revolving Credit
Commitments or of the aggregate unpaid principal amount of the Revolving Credit
Advances, or the number of Lenders, that shall be required for the Lenders or
any of them to take any action hereunder or (f) amend this Section 8.01; and
provided further that no amendment, waiver or consent shall, unless in writing
and signed by the Agent in addition to the Lenders required above to take such
action, affect the rights or duties of the Agent under this Agreement or any
Note.

            SECTION 8.02. Notices, Etc. (a) All notices and other communications
provided for hereunder shall be either (x) in writing (including telecopier or
telegraphic communication) and mailed, telecopied, telegraphed or delivered or
(y) as and to the extent set forth in Section 8.02(b) and in the proviso to this
Section 8.02(a), if to the Borrower, at its address at 631 South Richland
Avenue, York, Pennsylvania 17403, Attention: Treasurer, Telephone: (717)
771-7438, Fax: (717) 771-6843; if to any Initial Lender, at its Domestic Lending
Office specified opposite its name on Schedule I hereto; if to any other Lender,
at its Domestic Lending Office specified in the Assignment and Acceptance
pursuant to which it became a Lender; and if to the Agent, at its address at Two
Penns Way, New Castle, Delaware 19720, Attention: Bank Loan Syndications
Department; or, as to the Borrower or the Agent, at such other address as shall
be designated by such party in a written notice to the other parties and, as to
each other party, at such other address as shall be designated by such party in
a written notice to the Borrower and the Agent, provided that materials required
to be delivered pursuant to Section 5.01(i)(i), (ii) or (iv) shall be delivered
to the Agent as specified in Section 8.02(b) or as otherwise specified to the
Borrower by the Agent. All such notices and communications shall, when mailed,
telecopied or telegraphed, be effective when deposited in the mails, telecopied
or delivered to the telegraph company, respectively, except that notices and
communications to the Agent pursuant to Article II, III or VII shall not be
effective until received by the Agent. Delivery by telecopier of an executed
counterpart of any amendment or waiver of any provision of this Agreement or the
Notes or of any Exhibit hereto to be executed and delivered hereunder shall be
effective as delivery of a manually executed counterpart thereof.

            (b) So long as Citibank or any of its Affiliates is the Agent,
materials required to be delivered pursuant to Section 5.01(i)(i), (ii) and (iv)
shall be delivered to the Agent in an electronic medium in a format acceptable
to the Agent and the Lenders by e-mail at oploanswebadmin@citigroup.com. The
Borrower agrees that the Agent may make such materials, as well as any other
written information, documents, instruments and other material relating to the
Borrower, any of its Subsidiaries or any other materials or matters relating to
this Agreement, the Notes or any of the transactions contemplated hereby
(collectively, the "Communications") available to the Lenders by posting such
notices on Intralinks or a substantially similar electronic system reasonably
approved by the Borrower (the "Platform"). The Borrower acknowledges that (i)
the distribution of material through an electronic medium is not necessarily
secure and that there are confidentiality and other risks associated with such
distribution, (ii) the Platform is provided "as is" and "as available" and (iii)
neither the Agent nor any of its Affiliates warrants the accuracy, adequacy or
completeness of the Communications or the Platform and each expressly disclaims
liability for errors or omissions in the Communications or the Platform. No
warranty of any kind, express, implied or statutory, including, without
limitation, any warranty of merchantability, fitness for a particular purpose,
non-infringement of third party rights or freedom from viruses or other code
defects, is made by the Agent or any of its Affiliates in connection with the
Platform.

            (c) Each Lender agrees that notice to it (as provided in the next
sentence) (a "Notice") specifying that any Communications have been posted to
the Platform shall constitute effective delivery of such

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<PAGE>

information, documents or other materials to such Lender for purposes of this
Agreement; provided that if requested by any Lender the Agent shall deliver a
copy of the Communications to such Lender by email or telecopier. Each Lender
agrees (i) to notify the Agent in writing of such Lender's e-mail address to
which a Notice may be sent by electronic transmission (including by electronic
communication) on or before the date such Lender becomes a party to this
Agreement (and from time to time thereafter to ensure that the Agent has on
record an effective e-mail address for such Lender) and (ii) that any Notice may
be sent to such e-mail address.

            SECTION 8.03. No Waiver; Remedies. No failure on the part of any
Lender or the Agent to exercise, and no delay in exercising, any right hereunder
or under any Note shall operate as a waiver thereof; nor shall any single or
partial exercise of any such right preclude any other or further exercise
thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law.

            SECTION 8.04. Costs and Expenses. (a) The Borrower agrees to pay on
demand all costs and expenses of the Agent in connection with the preparation,
execution, delivery, administration, modification and amendment of this
Agreement, the Notes and the other documents to be delivered hereunder,
including, without limitation, (A) all due diligence, syndication (including
printing, distribution and bank meetings), transportation, computer,
duplication, appraisal, consultant, and audit expenses and (B) the reasonable
fees and expenses of counsel for the Agent with respect thereto and with respect
to advising the Agent as to its rights and responsibilities under this
Agreement. The Borrower further agrees to pay on demand all costs and expenses
of the Agent and the Lenders, if any (including, without limitation, reasonable
counsel fees and expenses), in connection with the enforcement (whether through
negotiations, legal proceedings or otherwise) of this Agreement, the Notes and
the other documents to be delivered hereunder, including, without limitation,
reasonable fees and expenses of counsel for the Agent and each Lender in
connection with the enforcement of rights under this Section 8.04(a).

            (b) The Borrower agrees to indemnify and hold harmless the Agent and
each Lender and each of their Affiliates and their officers, directors,
employees, agents and advisors (each, an "Indemnified Party") from and against
any and all claims, damages, losses, liabilities and expenses (including,
without limitation, reasonable fees and expenses of counsel) incurred by or
asserted or awarded against any Indemnified Party, in each case arising out of
or in connection with or by reason of (including, without limitation, in
connection with any investigation, litigation or proceeding or preparation of a
defense in connection therewith) (i) the Notes, this Agreement, any of the
transactions contemplated herein or the actual or proposed use of the proceeds
of the Advances or (ii) the actual or alleged presence of Hazardous Materials on
any property of the Borrower or any of its Subsidiaries or any Environmental
Action relating in any way to the Borrower or any of its Subsidiaries, except to
the extent such claim, damage, loss, liability or expense is found by a court of
competent jurisdiction to have resulted from such Indemnified Party's gross
negligence or willful misconduct. In the case of an investigation, litigation or
other proceeding to which the indemnity in this Section 8.04(b) applies, such
indemnity shall be effective whether or not such investigation, litigation or
proceeding is brought by the Borrower, its directors, equityholders or creditors
or an Indemnified Party or any other Person, whether or not any Indemnified
Party is otherwise a party thereto and whether or not the transactions
contemplated hereby are consummated. The Borrower also agrees not to assert any
claim for special, indirect, consequential or punitive damages against the
Agent, any Lender, any of their Affiliates, or any of their respective
directors, officers, employees, attorneys and agents, on any theory of
liability, arising out of or otherwise relating to the Notes, this Agreement,
any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Advances. The Borrower further agrees to pay any civil penalty
or fine assessed by OFAC against the Agent or any Lender and all reasonable
costs and expenses (including, without limitation, reasonable counsel fees and
expenses) incurred in connection with the defense thereof, as a result of making
Advances or the acceptance of payments due under any Loan Document.

            (c) If any payment of principal of, or Conversion of, any Eurodollar
Rate Advance or LIBO Rate Advance is made by the Borrower to or for the account
of a Lender other than on the last day of the Interest Period for such Advance,
as a result of a payment or Conversion pursuant to Section 2.08(d) or (e), 2.10
or 2.12, acceleration of the maturity of the Notes pursuant to Section 6.01 or
for any other reason, or by an Eligible Assignee to a Lender other than on the
last day of the Interest Period for such Advance upon an assignment of rights
and obligations under this Agreement pursuant to Section 8.07 as a result of a
demand by the Borrower pursuant to Section 8.07(a), the Borrower shall, upon
demand by such Lender (with a copy of such demand to the Agent), pay to the
Agent for the account of such Lender any amounts required to compensate such
Lender for any additional losses, costs or expenses that it may reasonably incur
as a result of such payment or Conversion, including, without

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<PAGE>

limitation, any loss (excluding loss of anticipated profits), cost or expense
incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance.

            (d) Without prejudice to the survival of any other agreement of the
Borrower hereunder, the agreements and obligations of the Borrower contained in
Sections 2.11, 2.14 and 8.04 shall survive the payment in full of principal,
interest and all other amounts payable hereunder and under the Notes.

            SECTION 8.05. Right of Set-off. Upon (i) the occurrence and during
the continuance of any Event of Default and (ii) the making of the request or
the granting of the consent specified by Section 6.01 to authorize the Agent to
declare the Notes due and payable pursuant to the provisions of Section 6.01,
each Lender and each of its Affiliates is hereby authorized at any time and from
time to time, to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final) at
any time held and other indebtedness at any time owing by such Lender or such
Affiliate to or for the credit or the account of the Borrower against any and
all of the obligations of the Borrower now or hereafter existing under this
Agreement and the Note held by such Lender, whether or not such Lender shall
have made any demand under this Agreement or such Note and although such
obligations may be unmatured. Each Lender agrees promptly to notify the Borrower
after any such set-off and application, provided that the failure to give such
notice shall not affect the validity of such set-off and application. The rights
of each Lender and its Affiliates under this Section are in addition to other
rights and remedies (including, without limitation, other rights of set-off)
that such Lender and its Affiliates may have.

            SECTION 8.06. Binding Effect. This Agreement shall become effective
(other than Sections 2.01 and 2.03, which shall only become effective upon
satisfaction of the conditions precedent set forth in Section 3.01) when it
shall have been executed by the Borrower and the Agent and when the Agent shall
have been notified by each Initial Lender that such Initial Lender has executed
it and thereafter shall be binding upon and inure to the benefit of the
Borrower, the Agent and each Lender and their respective successors and assigns,
except that the Borrower shall not have the right to assign its rights hereunder
or any interest herein without the prior written consent of the Lenders.

            SECTION 8.07. Assignments and Participations. (a) Each Lender may
and, if demanded by the Borrower (following a demand by such Lender pursuant to
Section 2.11 or 2.14) upon at least five Business Days' notice to such Lender
and the Agent, will assign to one or more Persons all or a portion of its rights
and obligations under this Agreement (including, without limitation, all or a
portion of its Commitment, the Revolving Credit Advances owing to it and the
Revolving Credit Note or Notes held by it); provided, however, that (i) each
such assignment shall be of a constant, and not a varying, percentage of all
rights and obligations under this Agreement (other than any right to make
Competitive Bid Advances, Competitive Bid Advances owing to it and Competitive
Bid Notes), (ii) except in the case of an assignment to a Person that,
immediately prior to such assignment, was a Lender or an assignment of all of a
Lender's rights and obligations under this Agreement, the amount of the
Commitment of the assigning Lender being assigned pursuant to each such
assignment (determined as of the date of the Assignment and Acceptance with
respect to such assignment) shall in no event be less than $10,000,000 or an
integral multiple of $1,000,000 in excess thereof, (iii) each such assignment
shall be to an Eligible Assignee, (iv) each such assignment made as a result of
a demand by the Borrower pursuant to this Section 8.07(a) shall be arranged by
the Borrower after consultation with the Agent and shall be either an assignment
of all of the rights and obligations of the assigning Lender under this
Agreement or an assignment of a portion of such rights and obligations made
concurrently with another such assignment or other such assignments that
together cover all of the rights and obligations of the assigning Lender under
this Agreement, (v) no Lender shall be obligated to make any such assignment as
a result of a demand by the Borrower pursuant to this Section 8.07(a) unless and
until such Lender shall have received one or more payments from either the
Borrower or one or more Eligible Assignees in an aggregate amount at least equal
to the aggregate outstanding principal amount of the Advances owing to such
Lender, together with accrued interest thereon and any accrued fees to the date
of payment of such principal amount and all other amounts payable to such Lender
under this Agreement, and (vi) the parties to each such assignment shall execute
and deliver to the Agent, for its acceptance and recording in the Register, an
Assignment and Acceptance, together with any Revolving Credit Note subject to
such assignment and a processing and recordation fee of $3,500 payable by the
parties to each such assignment, provided, however, that in the case of each
assignment made as a result of a demand by the Borrower, such recordation fee
shall be payable by the Borrower except that no such recordation fee shall be
payable in the case of an assignment made at the request of the Borrower to an
Eligible

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<PAGE>

Assignee that is an existing Lender, and (vii) any Lender may, without the
approval of the Borrower and the Agent, assign all or a portion of its rights to
any of its Affiliates. Upon such execution, delivery, acceptance and recording,
from and after the effective date specified in each Assignment and Acceptance,
(x) the assignee thereunder shall be a party hereto and, to the extent that
rights and obligations hereunder have been assigned to it pursuant to such
Assignment and Acceptance, have the rights and obligations of a Lender hereunder
and (y) the Lender assignor thereunder shall, to the extent that rights and
obligations hereunder have been assigned by it pursuant to such Assignment and
Acceptance, relinquish its rights (other than its rights under Section 2.11,
2.14 and 8.04 to the extent any claim thereunder relates to an event arising
prior to such assignment) and be released from its obligations under this
Agreement (and, in the case of an Assignment and Acceptance covering all or the
remaining portion of an assigning Lender's rights and obligations under this
Agreement, such Lender shall cease to be a party hereto).

            (b) By executing and delivering an Assignment and Acceptance, the
Lender assignor thereunder and the assignee thereunder confirm to and agree with
each other and the other parties hereto as follows: (i) other than as provided
in such Assignment and Acceptance, such assigning Lender makes no representation
or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or
the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other instrument or document furnished pursuant
hereto; (ii) such assigning Lender makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the
Borrower or the performance or observance by the Borrower of any of its
obligations under this Agreement or any other instrument or document furnished
pursuant hereto; (iii) such assignee confirms that it has received a copy of
this Agreement, together with copies of the financial statements referred to in
Section 4.01 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such
Assignment and Acceptance; (iv) such assignee will, independently and without
reliance upon the Agent, such assigning Lender or any other Lender and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi)
such assignee appoints and authorizes the Agent to take such action as agent on
its behalf and to exercise such powers and discretion under this Agreement as
are delegated to the Agent by the terms hereof, together with such powers and
discretion as are reasonably incidental thereto; and (vii) such assignee agrees
that it will perform in accordance with their terms all of the obligations that
by the terms of this Agreement are required to be performed by it as a Lender.

            (c) Upon its receipt of an Assignment and Acceptance executed by an
assigning Lender and an assignee representing that it is an Eligible Assignee,
together with any Revolving Credit Note or Notes subject to such assignment, the
Agent shall, if such Assignment and Acceptance has been completed and is in
substantially the form of Exhibit C hereto, (i) accept such Assignment and
Acceptance, (ii) record the information contained therein in the Register and
(iii) give prompt notice thereof to the Borrower.

            (d) The Agent shall maintain at its address referred to in Section
8.02 a copy of each Assignment and Acceptance delivered to and accepted by it
and a register for the recordation of the names and addresses of the Lenders and
the Revolving Credit Commitment of, and principal amount of the Advances owing
to, each Lender from time to time (the "Register"). The entries in the Register
shall be conclusive and binding for all purposes, absent manifest error, and the
Borrower, the Agent and the Lenders may treat each Person whose name is recorded
in the Register as a Lender hereunder for all purposes of this Agreement. The
Register shall be available for inspection by the Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice.

            (e) Each Lender may sell participations to one or more banks or
other entities (other than the Borrower or any of its Affiliates) in or to all
or a portion of its rights and obligations under this Agreement (including,
without limitation, all or a portion of its Revolving Credit Commitment, the
Advances owing to it and any Note or Notes held by it); provided, however, that
(i) such Lender's obligations under this Agreement (including, without
limitation, its Revolving Credit Commitment to the Borrower hereunder) shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, (iii) such Lender shall
remain the holder of any such Note for all purposes of this Agreement, (iv) the
Borrower, the Agent and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender's rights and
obligations under this Agreement and (v) no participant under any such
participation shall have any right to approve any amendment or waiver of any
provision of this Agreement or any Note, or any

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<PAGE>

consent to any departure by the Borrower therefrom, except to the extent that
such amendment, waiver or consent would reduce the principal of, or interest on,
the Notes or any fees or other amounts payable hereunder, in each case to the
extent subject to such participation, or postpone any date fixed for any payment
of principal of, or interest on, the Notes or any fees or other amounts payable
hereunder, in each case to the extent subject to such participation.

            (f) Any Lender may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this Section
8.07, disclose to the assignee or participant or proposed assignee or
participant, any information relating to the Borrower furnished to such Lender
by or on behalf of the Borrower; provided that, prior to any such disclosure,
the assignee or participant or proposed assignee or participant shall agree to
preserve the confidentiality of any Borrower Information relating to the
Borrower received by it from such Lender.

            (g) Notwithstanding any other provision set forth in this Agreement,
any Lender may at any time create a security interest in all or any portion of
its rights under this Agreement (including, without limitation, the Advances
owing to it and any Note or Notes held by it) in favor of any Federal Reserve
Bank in accordance with Regulation A of the Board of Governors of the Federal
Reserve System.

            SECTION 8.08. Confidentiality. Neither the Agent nor any Lender may
disclose to any Person any information that the Borrower furnishes to the Agent
or any Lender in a writing designated as confidential or that is otherwise
specifically identified as being confidential (such information being referred
to collectively herein as the "Borrower Information"), except that each of the
Agent and each of the Lenders may disclose Borrower Information (i) to its and
its affiliates' employees, officers, directors, agents and advisors (it being
understood that the Persons to whom such disclosure is made will be informed of
the confidential nature of such Borrower Information and will expressly agree to
keep such Borrower Information confidential on substantially the same terms as
provided herein), (ii) to the extent requested by any regulatory authority,
(iii) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, (iv) to any other party to this Agreement,
(v) in connection with the exercise of any remedies hereunder or any suit,
action or proceeding relating to this Agreement or the enforcement of rights
hereunder, (vi) subject to an agreement containing provisions substantially the
same as those of this Section 8.08, to any assignee of or participant in, or any
prospective assignee of or participant in, any of its rights or obligations
under this Agreement, (vii) to the extent such Borrower Information (A) is or
becomes generally available to the public on a non-confidential basis other than
as a result of a breach of this Section 8.08 by the Agent or such Lender, or (B)
is or becomes available to the Agent or such Lender on a nonconfidential basis
from a source other than the Borrower and (viii) with the written consent of the
Borrower.

            SECTION 8.09. Governing Law. This Agreement and the Notes shall be
governed by, and construed in accordance with, the laws of the State of New
York.

            SECTION 8.10. Execution in Counterparts. This Agreement may be
executed in any number of counterparts and by different 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. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of a manually executed
counterpart of this Agreement.

            SECTION 8.11. Jurisdiction, Etc. (a) Each of the parties hereto
hereby irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of any New York State court or federal court of
the United States of America sitting in New York City, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this
Agreement or the Notes, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and
determined in any such New York State court or, to the extent permitted by law,
in such federal court. The Borrower hereby agrees that service of process in any
such action or proceeding brought in the any such New York State court or in
such federal court may be made by the mailing thereof by any parties hereto by
registered or certified mail, postage prepaid, to the Borrower at its address
specified pursuant to Section 8.02. Each of the parties hereto agrees that a
final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Nothing in this Agreement shall affect any right that any party
may otherwise have to bring any action or proceeding relating to this Agreement
or the Notes in the courts of any jurisdiction.

                                       36

<PAGE>

            (b) Each of the parties hereto irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any
objection that it may now or hereafter have to the laying of venue of any suit,
action or proceeding arising out of or relating to this Agreement or the Notes
in any New York State or federal court. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such
court.

            SECTION 8.12. Patriot Act. Each Lender hereby notifies each Borrower
that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the "Act"), it is required to
obtain, verify and record information that identifies each borrower, guarantor
or grantor hereunder, which information includes the name and address of each
borrower, guarantor or grantor hereunder and other information that will allow
such Lender to identify such borrower, guarantor or grantor hereunder in
accordance with the Act.

                                       37
<PAGE>

            SECTION 8.13. Waiver of Jury Trial. Each of the Borrower, the Agent
and the Lenders hereby irrevocably waives all right to trial by jury in any
action, proceeding or counterclaim (whether based on contract, tort or
otherwise) arising out of or relating to this Agreement or the Notes or the
actions of the Agent or any Lender in the negotiation, administration,
performance or enforcement thereof.

            IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed by their respective officers thereunto duly authorized, as of the
date first above written.

                                         YORK INTERNATIONAL CORPORATION

                                         By _______________________
                                            Title:

                                         CITIBANK, N.A.,
                                            as Administrative Agent

                                         By _______________________
                                            Title:

                                       38
<PAGE>

                              Administrative Agent

$20,000,000                              CITIBANK, N.A.

                                         By _______________________
                                            Name:
                                            Title:

                                Syndication Agent

$20,000,000                              JPMORGAN CHASE BANK, N.A.

                                         By _______________________
                                            Name:
                                            Title:

                             Co-Documentation Agents

$17,000,000                              BANK OF TOKYO-MITSUBISHI TRUST COMPANY

                                         By _______________________
                                            Name:
                                            Title:

$17,000,000                              BNP PARIBAS

                                         By _______________________
                                            Name:
                                            Title:

                                         By _______________________
                                            Name:
                                            Title:

$17,000,000                              FLEET NATIONAL BANK

                                         By _______________________
                                            Name:
                                            Title:

$17,000,000                              NORDEA BANK FINLAND PLC

                                         By _______________________
                                            Name:
                                            Title:

                                         By _______________________
                                            Name:
                                            Title:

                                       39
<PAGE>

                                     Lenders

$12,000,000                              BANK AUSTRIA CREDITANSTALT AG

                                         By _______________________
                                            Name:
                                            Title:

$12,000,000                              THE BANK OF NOVA SCOTIA

                                         By _______________________
                                            Name:
                                            Title:

$12,000,000                              DANSKE BANK A/S

                                         By _______________________
                                            Name:
                                            Title:

                                         By _______________________
                                            Name:
                                            Title:

$12,000,000                              ING BANK N.V.

                                         By _______________________
                                            Name:
                                            Title:

$12,000,000                              THE ROYAL BANK OF SCOTLAND PLC

                                         By _______________________
                                            Name:
                                            Title:

$12,000,000                              WACHOVIA BANK, NATIONAL ASSOCIATION

                                         By _______________________
                                            Name:
                                            Title:

$10,000,000                              THE BANK OF NEW YORK

                                         By _______________________
                                            Name:
                                            Title:

$10,000,000                              NATIONAL CITY BANK

                                         By _______________________
                                            Name:
                                            Title:

$200,000,000.00   Total of the Revolving Credit Commitments

                                       40
<PAGE>

                                                                      SCHEDULE I
                                                  YORK INTERNATIONAL CORPORATION
                                                        364-DAY CREDIT AGREEMENT
                                                      APPLICABLE LENDING OFFICES
<TABLE>
<CAPTION>

   Name of Initial Lender             Domestic Lending Office               Eurodollar Lending Office
   ----------------------             -----------------------               -------------------------
<S>                                <C>                                    <C>
Bank Austria Creditanstalt AG      A-1030 Vienna                          A-1030 Vienna
                                   Vordere Zollamtsstrasse 13             Vordere Zollamtsstrasse 13
                                   Austria                                Austria
                                   Attn: Inge Grienauer                   Attn: Inge Grienauer
                                   T: 43 (0) 50505-44222                  T: 43 (0) 50505-44222
                                   F: 43 (0) 50505-4934                   F: 43 (0) 50505-4934

The Bank of New York               1 Wall Street                          1 Wall Street
                                   New York, NY 10286                     New York, NY 10286
                                   Attn: Walter Parelli                   Attn: Walter Parelli
                                   T: 212 635-6820                        T: 212 635-6820
                                   F: 212 635-7978                        F: 212 635-7978

The Bank of Nova Scotia            One Liberty Plaza                      One Liberty Plaza
                                   New York, NY 10006                     New York, NY 10006
                                   Attn: David Mahmood                    Attn: David Mahmood
                                   T: 212 225-5149                        T: 212 225-5149
                                   F: 212 225-5254                        F: 212 225-5254

Bank of Tokyo-Mitsubishi Trust     BTM Information Services, Inc.         BTM Information Services, Inc.
Company                            c/o Bank of Tokyo-Mitsubishi Trust     c/o Bank of Tokyo-Mitsubishi Trust
                                   Company                                Company
                                   1251 Avenue of the Americas            1251 Avenue of the Americas
                                   12th Floor                             12th Floor
                                   New York, NY 10020                     New York, NY 10020
                                   Attn: Rolando Uy                       Attn: Rolando Uy
                                   T: 201 413-8570                        T: 201 413-8570
                                   F: 201 5213-2304                       F: 201 5213-2304

BNP Paribas                        787 Seventh Avenue                     787 Seventh Avenue
                                   New York, NY 10019                     New York, NY 10019
                                   Attn: Richard Pace                     Attn: Richard Pace
                                   T: 212 841-3266                        T: 212 841-3266
                                   F: 212 841-2745                        F: 212 841-2745

Citibank, N.A.                     Two Penns Way, Suite 200               Two Penns Way, Suite 200
                                   New Castle, DE 19720                   New Castle, DE 19720
                                   Attn:  Bilal Aman                      Attn: Bilal Aman
                                   T: 302 894-6013                        T: 302 894-6013
                                   F: 212 994-0961                        F: 212 994-0961

Danske Bank A/S                    Danske Bank, Holmens Kanal Branch      Danske Bank, Holmens Kanal Branch
                                   Holmens Kanal 2-12                     Holmens Kanal 2-12
                                   DK - 1092 Copenhagen K                 DK - 1092 Copenhagen K
                                   Denmark                                Denmark
                                   Attn: Loan Administration              Attn: Loan Administration
                                   T: 45 43 39 49 06/09                   T: 45 43 39 49 06/09
                                   F: 45 43 39 13 27/28                   F: 45 43 39 13 27/28

Fleet National Bank                100 Federal Street                     100 Federal Street
                                   Mail Stop: MA5-100-09-03               Mail Stop: MA5-100-09-03
                                   Boston, MA 02110                       Boston, MA 02110
                                   Attn: Nancy A. Craddock                Attn: Nancy A. Craddock
</TABLE>

<PAGE>

<TABLE>
<S>                                <C>                                    <C>
                                   T: 617 434-8129                        T: 617 434-8129
                                   F: 617 434-0601                        F: 617 434-0601
</TABLE>

                                       2
<PAGE>

<TABLE>
<S>                                <C>                                    <C>
ING Bank N.V.                      Weena 505                              Weena 505
                                   3013 AL Rotterdam                      3013 AL Rotterdam
                                   The Netherlands                        The Netherlands
                                   Attn. J. de Vos                        Attn. J. de Vos
                                   T: 31 10 4446854                       T: 31 10 4446854
                                   F: 31 10 4446783                       F: 31 10 4446783

JPMorgan Chase Bank                270 Park Avenue, 4th Floor             270 Park Avenue, 4th Floor
                                   New York, NY  10017                    New York, NY 10017
                                   Attn: Randolph Cates                   Attn: Randolph Cates
                                   T: 212 270-8997                        T: 212 270-8997
                                   F: 212 270-6637                        F: 212 270-6637

National City Bank                 One South Broad Street                 One South Broad Street
                                   14th Floor, Locator 01-5997            14th Floor, Locator 01-5997
                                   Philadelphia, PA 19107                 Philadelphia, PA 19107
                                   Attn: Manager                          Attn: Manager

Nordea Bank Finland plc            437 Madison Avenue                     437 Madison Avenue
                                   New York, NY 10022                     New York, NY 10022
                                   Attn: Henrik Steffensen                Attn: Henrik Steffensen
                                   T: 212 318-9306                        T: 212 318-9306
                                   F: 212 318-9318                        F: 212 318-9318

The Royal Bank of Scotland plc     101 Park Avenue                        101 Park Avenue
                                   New York, NY 10178                     New York, NY 10178
                                   Attn: Shiela Shaw                      Attn: Shiela Shaw
                                   T: 212-401-1406                        T: 212-401-1406
                                   F: 212-401-1336                        F: 212-401-1336

Wachovia Bank, National            201 S. College Street                  201 S. College Street
Association                        Charlotte, NC 28288                    Charlotte, NC 28288
                                   Attn: Sherry Richards                  Attn: Sherry Richards
                                   T: 704 715-1459                        T: 704 715-1459
                                   F: 704 374-2802                        F: 704 374-2802
</TABLE>

                                       3
<PAGE>

                                Schedule 5.02(a)

                                      Liens

      (i) The interest of lessors under various capital leases of computer and
other office equipment and other miscellaneous property and equipment with an
aggregate value of less than $15,000,000.

<PAGE>

                                                           EXHIBIT A-1 - FORM OF
                                                                REVOLVING CREDIT
                                                                 PROMISSORY NOTE

U.S.$__________                                    Dated:  __________, 200_

            FOR VALUE RECEIVED, the undersigned, YORK INTERNATIONAL CORPORATION,
a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of
_______________ (the "Lender") for the account of its Applicable Lending Office
on the later of the Termination Date and the date designated pursuant to Section
2.06 of the Credit Agreement (each as defined in the Credit Agreement referred
to below) the principal sum of U.S.$[amount of the Lender's Commitment in
figures] or, if less, the aggregate principal amount of the Revolving Credit
Advances made by the Lender to the Borrower pursuant to the 364-Day Credit
Agreement dated as of March 11, 2005 among the Borrower, the Lender and certain
other lenders parties thereto, and Citibank, N.A. as Agent for the Lender and
such other lenders (as amended or modified from time to time, the "Credit
Agreement"; the terms defined therein being used herein as therein defined)
outstanding on such date.

            The Borrower promises to pay interest on the unpaid principal amount
of each Revolving Credit Advance from the date of such Revolving Credit Advance
until such principal amount is paid in full, at such interest rates, and payable
at such times, as are specified in the Credit Agreement.

            Both principal and interest are payable in lawful money of the
United States of America to Citibank, as Agent, at 399 Park Avenue, New York,
New York 10043, in same day funds. Each Revolving Credit Advance owing to the
Lender by the Borrower pursuant to the Credit Agreement, and all payments made
on account of principal thereof, shall be recorded by the Lender and, prior to
any transfer hereof, endorsed on the grid attached hereto which is part of this
Promissory Note.

            This Promissory Note is one of the Revolving Credit Notes referred
to in, and is entitled to the benefits of, the Credit Agreement. The Credit
Agreement, among other things, (i) provides for the making of Revolving Credit
Advances by the Lender to the Borrower from time to time in an aggregate amount
not to exceed at any time outstanding the U.S. dollar amount first above
mentioned, the indebtedness of the Borrower resulting from each such Revolving
Credit Advance being evidenced by this Promissory Note and (ii) contains
provisions for acceleration of the maturity hereof upon the happening of certain
stated events and also for prepayments on account of principal hereof prior to
the maturity hereof upon the terms and conditions therein specified.

                                   YORK INTERNATIONAL CORPORATION

                                   By __________________________
                                      Title:

<PAGE>

                       ADVANCES AND PAYMENTS OF PRINCIPAL

<TABLE>
<CAPTION>
                                     AMOUNT OF
                AMOUNT OF         PRINCIPAL PAID       UNPAID PRINCIPAL        NOTATION
       DATE      ADVANCE            OR PREPAID             BALANCE             MADE BY
       ----     ---------         --------------       ----------------        --------
<S>             <C>               <C>                  <C>                     <C>
---------------------------------------------------------------------------------------
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---------------------------------------------------------------------------------------
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</TABLE>

                                       2
<PAGE>

                                                           EXHIBIT A-2 - FORM OF
                                                                 COMPETITIVE BID
                                                                 PROMISSORY NOTE

U.S.$____________                               Dated: ______________, 200_

            FOR VALUE RECEIVED, the undersigned, YORK INTERNATIONAL CORPORATION,
a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of
_________________________ (the "Lender") for the account of its Applicable
Lending Office (as defined in the 364-Day Credit Agreement dated as of March 11,
2005 among the Borrower, the Lender and certain other lenders parties thereto,
and Citibank, N.A., as Agent for the Lender and such other lenders (as amended
or modified from time to time, the "Credit Agreement"; the terms defined therein
being used herein as therein defined)), on _______________, 200_, the principal
amount of U.S.$_______________].

            The Borrower promises to pay interest on the unpaid principal amount
hereof from the date hereof until such principal amount is paid in full, at the
interest rate and payable on the interest payment date or dates provided below:

      Interest Rate: _____% per annum (calculated on the basis of a year of
      _____ days for the actual number of days elapsed).

            Both principal and interest are payable in lawful money of the
United States of America to Citibank, as agent, for the account of the Lender at
the office of Citibank, at _________________________ in same day funds.

            This Promissory Note is one of the Competitive Bid Notes referred to
in, and is entitled to the benefits of, the Credit Agreement. The Credit
Agreement, among other things, contains provisions for acceleration of the
maturity hereof upon the happening of certain stated events.

            The Borrower hereby waives presentment, demand, protest and notice
of any kind. No failure to exercise, and no delay in exercising, any rights
hereunder on the part of the holder hereof shall operate as a waiver of such
rights.

            This Promissory Note shall be governed by, and construed in
accordance with, the laws of the State of New York.

                                   YORK INTERNATIONAL CORPORATION

                                   By __________________________
                                      Title:

<PAGE>

                                                 EXHIBIT B-1 - FORM OF NOTICE OF
                                                      REVOLVING CREDIT BORROWING
Citibank, N.A., as Agent
  for the Lenders parties
  to the Credit Agreement
  referred to below
  Two Penns Way
  New Castle, Delaware 19720

                                     [Date]

                  Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

            The undersigned, York International Corporation, refers to the
364-Day Credit Agreement, dated as of March 11, 2005 (as amended or modified
from time to time, the "Credit Agreement", the terms defined therein being used
herein as therein defined), among the undersigned, certain Lenders parties
thereto and Citibank, N.A., as Agent for said Lenders, and hereby gives you
notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the
undersigned hereby requests a Revolving Credit Borrowing under the Credit
Agreement, and in that connection sets forth below the information relating to
such Revolving Credit Borrowing (the "Proposed Revolving Credit Borrowing") as
required by Section 2.02(a) of the Credit Agreement:

            (i) The Business Day of the Proposed Revolving Credit Borrowing is
      _______________, 200_.

            (ii) The Type of Advances comprising the Proposed Revolving Credit
      Borrowing is [Base Rate Advances] [Eurodollar Rate Advances].

            (iii) The aggregate amount of the Proposed Revolving Credit
      Borrowing is $______________.

            [(iv) The initial Interest Period for each Eurodollar Rate Advance
      made as part of the Proposed Revolving Credit Borrowing is _____
      month[s].]

            The undersigned hereby certifies that the following statements are
true on the date hereof, and will be true on the date of the Proposed Revolving
Credit Borrowing:

            (A) the representations and warranties contained in Section 4.01 of
      the Credit Agreement (except the representations set forth in the last
      sentence of subsection (e) thereof and in subsection (f) thereof (other
      than clause (ii) thereof)) are correct, before and after giving effect to
      the Proposed Revolving Credit Borrowing and to the application of the
      proceeds therefrom, as though made on and as of such date; and

            (B) no event has occurred and is continuing, or would result from
      such Proposed Revolving Credit Borrowing or from the application of the
      proceeds therefrom, that constitutes a Default.

                                   Very truly yours,

                                   YORK INTERNATIONAL CORPORATION

                                   By __________________________
                                      Title:.

<PAGE>

                                                 EXHIBIT B-2 - FORM OF NOTICE OF
                                                       COMPETITIVE BID BORROWING

Citibank, N.A., as Agent
  for the Lenders parties
  to the Credit Agreement
  referred to below
  Two Penns Way
  New Castle, Delaware 19720

                                     [Date]

                  Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

            The undersigned, York International Corporation, refers to the
      364-Day Credit Agreement, dated as of March 11, 2005 (as amended or
      modified from time to time, the "Credit Agreement", the terms defined
      therein being used herein as therein defined), among the undersigned,
      certain Lenders parties thereto and Citibank, N.A., as Agent for said
      Lenders, and hereby gives you notice, irrevocably, pursuant to Section
      2.03 of the Credit Agreement that the undersigned hereby requests a
      Competitive Bid Borrowing under the Credit Agreement, and in that
      connection sets forth the terms on which such Competitive Bid Borrowing
      (the "Proposed Competitive Bid Borrowing") is requested to be made:

      (A) Date of Competitive Bid Borrowing      ________________________
      (B) Amount of Competitive Bid Borrowing    ________________________
      (C) [Maturity Date] [Interest Period]      ________________________
      (D) Interest Rate Basis                    ________________________
      (E) Interest Payment Date(s)               ________________________
      (F) ___________________                    ________________________

            The undersigned hereby certifies that the following statements are
true on the date hereof, and will be true on the date of the Proposed
Competitive Bid Borrowing:

            (a) the representations and warranties contained in Section 4.01 of
      the Credit Agreement (except the representations set forth in the last
      sentence of subsection (e) thereof and in subsection (f) thereof (other
      than clause (ii) thereof)) are correct, before and after giving effect to
      the Proposed Competitive Bid Borrowing and to the application of the
      proceeds therefrom, as though made on and as of such date;

            (b) no event has occurred and is continuing, or would result from
      the Proposed Competitive Bid Borrowing or from the application of the
      proceeds therefrom, that constitutes a Default;

            (c) no event has occurred and no circumstance exists as a result of
      which the information concerning the undersigned that has been provided to
      the Agent and each Lender by the undersigned in connection with the Credit
      Agreement would include an untrue statement of a material fact or omit to
      state any material fact or any fact necessary to make the statements
      contained therein, in the light of the circumstances under which they were
      made, not misleading; and

            (d) the aggregate amount of the Proposed Competitive Bid Borrowing
      and all other Borrowings to be made on the same day under the Credit
      Agreement is within the aggregate amount of the unused Revolving Credit
      Commitments of the Lenders.

<PAGE>

            The undersigned hereby confirms that the Proposed Competitive Bid
Borrowing is to be made available to it in accordance with Section 2.03(a)(v) of
the Credit Agreement.

                                   Very truly yours,

                                   YORK INTERNATIONAL CORPORATION

                                   By __________________________
                                      Title:

                                       2
<PAGE>

                                                             EXHIBIT C - FORM OF
                                                       ASSIGNMENT AND ACCEPTANCE

            Reference is made to the 364-Day Credit Agreement dated as of March
11, 2005 (as amended or modified from time to time, the "Credit Agreement")
among York International Corporation, a Delaware corporation (the "Borrower"),
the Lenders (as defined in the Credit Agreement) and Citibank, N.A., as agent
for the Lenders (the "Agent"). Terms defined in the Credit Agreement are used
herein with the same meaning.

            The "Assignor" and the "Assignee" referred to on Schedule I hereto
agree as follows:

            1. The Assignor hereby sells and assigns to the Assignee, and the
Assignee hereby purchases and assumes from the Assignor, an interest in and to
the Assignor's rights and obligations under the Credit Agreement as of the date
hereof (other than in respect of Competitive Bid Advances and Competitive Bid
Notes) equal to the percentage interest specified on Schedule 1 hereto of all
outstanding rights and obligations under the Credit Agreement (other than in
respect of Competitive Bid Advances and Competitive Bid Notes). After giving
effect to such sale and assignment, the Assignee's Revolving Credit Commitment
and the amount of the Revolving Credit Advances owing to the Assignee will be as
set forth on Schedule 1 hereto.

            2. The Assignor (i) represents and warrants that it is the legal and
beneficial owner of the interest being assigned by it hereunder and that such
interest is free and clear of any adverse claim; (ii) makes no representation or
warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with the Credit Agreement
or the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Credit Agreement or any other instrument or document furnished
pursuant thereto; (iii) makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrower or the
performance or observance by the Borrower of any of its obligations under the
Credit Agreement or any other instrument or document furnished pursuant thereto;
and (iv) attaches the Revolving Credit Note, if any, held by the Assignor [and
requests that the Agent exchange such Revolving Credit Note for a new Revolving
Credit Note payable to the order of [the Assignee in an amount equal to the
Revolving Credit Commitment assumed by the Assignee pursuant hereto or new
Revolving Credit Notes payable to the order of the Assignee in an amount equal
to the Revolving Credit Commitment assumed by the Assignee pursuant hereto and]
the Assignor in an amount equal to the Revolving Credit Commitment retained by
the Assignor under the Credit Agreement, [respectively,] as specified on
Schedule 1 hereto.

            3. The Assignee (i) confirms that it has received a copy of the
Credit Agreement, together with copies of the financial statements referred to
in Section 4.01 thereof and such other documents and information as it has
deemed appropriate to make its own credit analysis and decision to enter into
this Assignment and Acceptance; (ii) agrees that it will, independently and
without reliance upon the Agent, the Assignor or any other Lender and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
the Credit Agreement; (iii) confirms that it is an Eligible Assignee; (iv)
appoints and authorizes the Agent to take such action as agent on its behalf and
to exercise such powers and discretion under the Credit Agreement as are
delegated to the Agent by the terms thereof, together with such powers and
discretion as are reasonably incidental thereto; (v) agrees that it will perform
in accordance with their terms all of the obligations that by the terms of the
Credit Agreement are required to be performed by it as a Lender; and (vi)
attaches any U.S. Internal Revenue Service forms required under Section 2.14 of
the Credit Agreement.

            4. Following the execution of this Assignment and Acceptance, it
will be delivered to the Agent for acceptance and recording by the Agent. The
effective date for this Assignment and Acceptance (the "Effective Date") shall
be the date of acceptance hereof by the Agent, unless otherwise specified on
Schedule 1 hereto.

            5. Upon such acceptance and recording by the Agent, as of the
Effective Date, (i) the Assignee shall be a party to the Credit Agreement and,
to the extent provided in this Assignment and Acceptance,

<PAGE>

have the rights and obligations of a Lender thereunder and (ii) the Assignor
shall, to the extent provided in this Assignment and Acceptance, relinquish its
rights and be released from its obligations under the Credit Agreement.

            6. Upon such acceptance and recording by the Agent, from and after
the Effective Date, the Agent shall make all payments under the Credit Agreement
and the Revolving Credit Notes in respect of the interest assigned hereby
(including, without limitation, all payments of principal, interest and facility
fees with respect thereto) to the Assignee. The Assignor and Assignee shall make
all appropriate adjustments in payments under the Credit Agreement and the
Revolving Credit Notes for periods prior to the Effective Date directly between
themselves.

            7. This Assignment and Acceptance shall be governed by, and
construed in accordance with, the laws of the State of New York.

            8. This Assignment and Acceptance may be executed in any number of
counterparts and by different 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. Delivery of an executed
counterpart of Schedule 1 to this Assignment and Acceptance by telecopier shall
be effective as delivery of a manually executed counterpart of this Assignment
and Acceptance.

            IN WITNESS WHEREOF, the Assignor and the Assignee have caused
Schedule 1 to this Assignment and Acceptance to be executed by their officers
thereunto duly authorized as of the date specified thereon.

                                       2
<PAGE>

                                   Schedule 1
                                       to
                            Assignment and Acceptance

Percentage interest assigned:                                   _______%

Assignee's Revolving Credit Commitment:                         $______

Aggregate outstanding principal amount of Revolving Credit      $______
Advances assigned:

Principal amount of Revolving Credit Note payable to Assignee:  $______

Principal amount of Revolving Credit Note payable to Assignor:  $______

Effective Date*:  _______________, 200_

                                        [NAME OF ASSIGNOR], as Assignor

                                        By __________________________
                                        Title:

                                        Dated:  _______________, 200_

                                        [NAME OF ASSIGNEE], as Assignee

                                        By __________________________
                                        Title:

                                        Dated:  _______________, 200_

                                        Domestic Lending Office:
                                              [Address]

                                        Eurodollar Lending Office:
                                              [Address]

----------------
*     This date should be no earlier than five Business Days after the delivery
      of this Assignment and Acceptance to the Agent.

                                       3
<PAGE>

Accepted [and Approved]** this
________ day of _________, 200_

CITIBANK, N.A., as Agent

By_____________________________
  Title:

[Approved this __________ day
of _______________, 200_

YORK INTERNATIONAL CORPORATION

By____________________________]*
  Title:

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

**    Required if the Assignee is an Eligible Assignee solely by reason of
      clauses (iii) of the definition of "Eligible Assignee".

*     Required if the Assignee is an Eligible Assignee solely by reason of
      clause (iii) of the definition of "Eligible Assignee".

                                       4
<PAGE>

                                                             EXHIBIT D - FORM OF
                                                              OPINION OF COUNSEL
                                                                FOR THE BORROWER

<PAGE>

                                                                  EXECUTION COPY

                                U.S. $200,000,000

                            364-DAY CREDIT AGREEMENT

                           Dated as of March 11, 2005

                                      Among

                         YORK INTERNATIONAL CORPORATION

                                   as Borrower

                                       and

                        THE INITIAL LENDERS NAMED HEREIN

                               as Initial Lenders

                                       and

                                 CITIBANK, N.A.

                             as Administrative Agent

                                       and

                            JPMORGAN CHASE BANK, N.A.

                              as Syndication Agent

                                       and

                              FLEET NATIONAL BANK,
                     BANK OF TOKYO MITSUBISHI TRUST COMPANY

                                       and

                             NORDEA BANK FINLAND PLC

                             as Documentation Agents

                                       and

                          CITIGROUP GLOBAL MARKETS INC.

                                       and

                           J.P. MORGAN SECURITIES INC.

                  as Joint Lead Arrangers and Joint Bookrunners

<PAGE>

                                TABLE OF CONTENTS
<TABLE>
<S>                                                                                             <C>
ARTICLE I

     SECTION 1.01.  Certain Defined Terms                                                        1

     SECTION 1.02.  Computation of Time Periods                                                 11

     SECTION 1.03.  Accounting Terms                                                            11

ARTICLE II

     SECTION 2.01.  The Revolving Credit Advances                                               11

     SECTION 2.02.  Making the Revolving Credit Advances                                        12

     SECTION 2.03.  The Competitive Bid Advances                                                12

     SECTION 2.04.  Fees                                                                        15

     SECTION 2.05.  Termination or Reduction of the Revolving Credit Commitments                15

     SECTION 2.06.  Repayment of Revolving Credit Advances                                      15

     SECTION 2.07.  Interest on Revolving Credit Advances                                       16

     SECTION 2.08.  Interest Rate Determination                                                 16

     SECTION 2.09.  Optional Conversion of Revolving Credit Advances                            17

     SECTION 2.10.  Prepayments of Revolving Credit Advances                                    17

     SECTION 2.11.  Increased Costs                                                             18

     SECTION 2.12.  Illegality                                                                  18

     SECTION 2.13.  Payments and Computations                                                   19

     SECTION 2.14.  Taxes                                                                       19

     SECTION 2.15.  Sharing of Payments, Etc.                                                   21

     SECTION 2.16.  Evidence of Debt                                                            21

     SECTION 2.17.  Use of Proceeds                                                             21

ARTICLE III

     SECTION 3.01.  Conditions Precedent to Effectiveness of Sections 2.01 and 2.03             22
</TABLE>

                                       i
<PAGE>

<TABLE>
<S>                                                                                             <C>
     SECTION 3.02.  Conditions Precedent to Each Revolving Credit Borrowing and
            the Term Loan Conversion Date                                                       23

     SECTION 3.03.  Conditions Precedent to Each Competitive Bid Borrowing                      23

     SECTION 3.04.  Determinations Under Section 3.01                                           24

ARTICLE IV

     SECTION 4.01.  Representations and Warranties of the Borrower                              24

ARTICLE V

     SECTION 5.01.  Affirmative Covenants                                                       25

     SECTION 5.02.  Negative Covenants                                                          27

     SECTION 5.03.  Financial Covenants                                                         28

ARTICLE VI

     SECTION 6.01.  Events of Default                                                           28

ARTICLE VII

     SECTION 7.01.  Authorization and Action                                                    30

     SECTION 7.02.  Agent's Reliance, Etc.                                                      30

     SECTION 7.03.  Citibank and Affiliates                                                     31

     SECTION 7.04.  Lender Credit Decision                                                      31

     SECTION 7.05.  Indemnification                                                             31

     SECTION 7.06.  Successor Agent                                                             31

     SECTION 7.07.  Other Agents                                                                31

ARTICLE VIII

     SECTION 8.01.  Amendments, Etc.                                                            32

     SECTION 8.02.  Notices, Etc.                                                               32

     SECTION 8.03.  No Waiver; Remedies                                                         33

     SECTION 8.04.  Costs and Expenses                                                          33

     SECTION 8.05.  Right of Set-off                                                            34
</TABLE>

                                       ii
<PAGE>

<TABLE>
<S>                                                                                             <C>
     SECTION 8.06.  Binding Effect                                                              34

     SECTION 8.07.  Assignments and Participations                                              34

     SECTION 8.08.  Confidentiality                                                             36

     SECTION 8.09.  Governing Law                                                               36

     SECTION 8.10.  Execution in Counterparts                                                   36

     SECTION 8.11.  Jurisdiction, Etc.                                                          36

     SECTION 8.12.  Patriot Act                                                                 37

     SECTION 8.13.  Waiver of Jury Trial                                                        38
</TABLE>

                                      iii
<PAGE>

Schedules

Schedule I - List of Applicable Lending Offices

Schedule 5.02(a) - Existing Liens

Exhibits

Exhibit A-1   -    Form of Revolving Credit Note

Exhibit A-2   -    Form of Competitive Bid Note

Exhibit B-1   -    Form of Notice of Revolving Credit Borrowing

Exhibit B-2   -    Form of Notice of Competitive Bid Borrowing

Exhibit C     -    Form of Assignment and Acceptance

Exhibit D     -    Form of Opinion of Counsel for the Borrower

                                       iv

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