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                                                                    EXHIBIT 4.10

                                PLEDGE AGREEMENT

                  THIS PLEDGE AGREEMENT (as amended, modified or supplemented
from time to time, this "Agreement"), dated as of March 25, 2004, is made by
each of the undersigned pledgors (each a "Pledgor" and, together with any other
entity that becomes a pledgor hereunder pursuant to Section 25 hereof, the
"Pledgors") to WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent
together with any successor Collateral Agent (the "Pledgee"), for the benefit of
the Secured Creditors (as defined below). Except as otherwise defined herein,
capitalized terms used herein and defined in the Credit Agreement (as defined
below) shall be used herein as therein defined.

                  WHEREAS, infoUSA Inc. (the "Borrower"), the financial
institutions from time to time party thereto in the capacity of a lender (in
such capacity, the "Lenders"), and Wells Fargo Bank, National Association, as
administrative agent (together with any successor Administrative Agent, the
"Administrative Agent"), have entered into a Credit Agreement, dated as of March
25, 2004 (as amended, modified or supplemented from time to time, the "Credit
Agreement"), providing for the making of Loans to, and the issuance of Letters
of Credit for the account of, the Borrower as contemplated therein (the Lenders,
the Administrative Agent, the Issuing Lender and the Pledgee are herein called
the "Lender Creditors");

                  WHEREAS, the Borrower may at any time and from time to time
enter into one or more Interest Rate Protection Agreements or Other Hedging
Agreements with one or more Lenders or any affiliate thereof (each such Lender
or affiliate, even if the respective Lender subsequently ceases to be a Lender
under the Credit Agreement for any reason, together with such Lender's or
affiliate's successors and assigns, if any, collectively, the "Other Creditors,"
and together with the Lender Creditors, the "Secured Creditors");

                  WHEREAS, pursuant to the Subsidiaries Guaranty, each
Subsidiary Guarantor has jointly and severally guaranteed to the Secured
Creditors the payment when due of all Guaranteed Obligations as described
therein;

                  WHEREAS, it is a condition to the making of Loans to, and the
issuance of Letters of Credit for the account of, the Borrower under the Credit
Agreement that each Pledgor shall have executed and delivered to the Pledgee
this Agreement; and

                  WHEREAS, each Pledgor desires to enter into this Agreement in
order to satisfy the condition described in the preceding paragraph;

                  NOW, THEREFORE, in consideration of the foregoing and other
benefits accruing to each Pledgor, the receipt and sufficiency of which are
hereby acknowledged, each Pledgor hereby makes the following representations and
warranties to the Pledgee for the benefit of the Secured Creditors and hereby
covenants and agrees with the Pledgee for the benefit of the Secured Creditors
as follows:

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                  1.       SECURITY FOR OBLIGATIONS. This Agreement is made by
each Pledgor for the benefit of the Secured Creditors to secure:

                  (i)      the full and prompt payment when due (whether at the
         stated maturity, by acceleration or otherwise) of all obligations and
         indebtedness (including, without limitation, indemnities, Fees and
         interest thereon) of such Pledgor to the Lender Creditors, whether now
         existing or hereafter incurred under, arising out of, or in connection
         with the Credit Agreement and the other Credit Documents to which such
         Pledgor is a party (including, in the case of each Pledgor which is a
         Subsidiary Guarantor, all such obligations and indebtedness of such
         Pledgor under the Subsidiaries Guaranty) and the due performance and
         compliance by such Pledgor with all of the terms, conditions and
         agreements contained in the Credit Agreement and in such other Credit
         Documents (all such obligations and liabilities under this clause (i),
         except to the extent consisting of obligations or indebtedness with
         respect to Interest Rate Protection Agreements or Other Hedging
         Agreements, being herein collectively called the "Credit Document
         Obligations");

                  (ii)     the full and prompt payment when due (whether at the
         stated maturity, by acceleration or otherwise) of all obligations and
         liabilities owing by such Pledgor to the Other Creditors under, or with
         respect to (including, in the case of each Pledgor which is a
         Subsidiary Guarantor, by reason of the Subsidiaries Guaranty), any
         Interest Rate Protection Agreement or Other Hedging Agreement, whether
         such Interest Rate Protection Agreement or Other Hedging Agreement is
         now in existence or hereafter arising, and the due performance and
         compliance by such Pledgor with all of the terms, conditions and
         agreements contained therein (all such obligations and liabilities
         described in this clause (ii) being herein collectively called the
         "Other Obligations");

                  (iii)    any and all sums advanced by the Pledgee in order to
         preserve the Collateral (as hereinafter defined) or preserve its
         security interest in the Collateral;

                  (iv)     in the event of any proceeding for the collection or
         enforcement of any indebtedness, obligations or liabilities of such
         Pledgor referred to in clauses (i) and (ii) above, after an Event of
         Default (which term to mean and include any Event of Default under, and
         as defined in, the Credit Agreement or any payment default by the
         Borrower under any Interest Rate Protection Agreement or Other Hedging
         Agreement and shall, in any event, include, without limitation, any
         payment default on any of the Obligations (as hereinafter defined))
         shall have occurred and be continuing, the reasonable expenses of
         retaking, holding, preparing for sale or lease, selling or otherwise
         disposing of or realizing on the Collateral, or of any exercise by the
         Pledgee of its rights hereunder, together with reasonable attorneys'
         fees and court costs; and

                  (v)      all amounts paid by any Secured Creditor as to which
         such Secured Creditor has the right to reimbursement under Section 11
         of this Agreement;

all such obligations, liabilities, sums and expenses set forth in clauses (i)
through (v) of this Section 1 being herein collectively called the
"Obligations," it being acknowledged and agreed

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that the "Obligations" shall include extensions of credit of the types described
above, whether outstanding on the date of this Agreement or extended from time
to time after the date of this Agreement.

                  2.       DEFINITIONS.

                  (a)      Unless otherwise defined herein, all capitalized
terms used herein and defined in the Credit Agreement shall be used herein as
therein defined. Reference to singular terms shall include the plural and vice
versa.

                  (b)      The following capitalized terms used herein shall
have the definitions specified below:

                  "Administrative Agent" has the meaning set forth in the
Recitals hereto.

                  "Adverse Claim" has the meaning given such term in Section
8-102(a)(1) of the UCC.

                  "Agreement" has the meaning set forth in the first paragraph
hereof.

                  "Certificated Security" has the meaning given such term in
Section 8-102(a)(4) of the UCC.

                  "Class" has the meaning set forth in Section 22 hereof.

                  "Clearing Corporation" has the meaning given such term in
Section 8-102(a)(5) of the UCC.

                  "Collateral" has the meaning set forth in Section 3.1 hereof.

                  "Collateral Accounts" means any and all accounts established
and maintained by the Pledgee in the name of any Pledgor to which Collateral may
be credited.

                  "Credit Agreement" has the meaning set forth in the Recitals
hereto.

                  "Credit Document Obligations" has the meaning set forth in
Section 1 hereof.

                  "Domestic Corporation" has the meaning set forth in the
definition of "Stock."

                  "Event of Default" has the meaning set forth in Section 1
hereof.

                  "Financial Asset" has the meaning given such term in Section
8-102(a)(9) of the UCC.

                  "Foreign Corporation" has the meaning set forth in the
definition of "Stock."

                  "Indemnitees" has the meaning set forth in Section 11 hereof.

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                  "Instrument" has the meaning given such term in Section
9-102(a)(47) of the UCC.

                  "Investment Property" has the meaning given such term in
Section 9-102(a)(49) of the UCC.

                  "Lender Creditors" has the meaning set forth in the Recitals
hereto.

                  "Lenders" has the meaning set forth in the Recitals hereto.

                  "Limited Liability Company Assets" means all assets, whether
tangible or intangible and whether real, personal or mixed (including, without
limitation, all limited liability company capital and interest in other limited
liability companies), at any time owned or represented by any Limited Liability
Company Interest.

                  "Limited Liability Company Interests" means the entire limited
liability company membership interest at any time owned by any Pledgor in any
limited liability company.

                  "Non-Voting Stock" means all capital stock which is not Voting
Stock.

                  "Notes" means all promissory notes from time to time issued
to, or held by, each Pledgor (including each Intercompany Note).

                  "Obligations" has the meaning set forth in Section 1 hereof.

                  "Other Creditors" has the meaning set forth in the Recitals
hereto.

                  "Other Obligations" has the meaning set forth in Section 1
hereof.

                  "Partnership Assets" means all assets, whether tangible or
intangible and whether real, personal or mixed (including, without limitation,
all partnership capital and interest in other partnerships), at any time owned
or represented by any Partnership Interest.

                  "Partnership Interest" means the entire general partnership
interest or limited partnership interest at any time owned by any Pledgor in any
general partnership or limited partnership.

                  "Pledged Notes" has the meaning set forth in Section 3.5
hereof.

                  "Pledgee" has the meaning set forth in the first paragraph
hereof.

                  "Pledgor" has the meaning set forth in the first paragraph
hereof.

                  "Proceeds" has the meaning given such term in Section
9-102(a)(64) of the UCC.

                  "Required Lenders" has the meaning given such term in the
Credit Agreement.

                  "Requisite Creditors" has the meaning set forth in Section 22
hereof.

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                  "Secured Creditors" has the meaning set forth in the Recitals
hereto.

                  "Secured Debt Agreements" has the meaning set forth in Section
5 hereof.

                  "Securities Account" has the meaning given such term in
Section 8-501(a) of the UCC.

                  "Securities Act" means the Securities Act of 1933, as amended,
as in effect from time to time.

                  "Security" and "Securities" has the meaning given such term in
Section 8-102(a)(15) of the UCC and shall in any event also include all Stock
and all Notes.

                  "Security Entitlement" has the meaning given such term in
Section 8-102(a)(17) of the UCC.

                  "Stock" means (x) with respect to corporations incorporated
under the laws of the United States or any State or territory thereof (each a
"Domestic Corporation"), all of the issued and outstanding shares of capital
stock of any corporation at any time owned by any Pledgor of any Domestic
Corporation and (y) with respect to corporations not Domestic Corporations (each
a "Foreign Corporation"), all of the issued and outstanding shares of capital
stock at any time owned by any Pledgor of any Foreign Corporation.

                  "Termination Date" has the meaning set forth in Section 20
hereof.

                  "UCC" means the Uniform Commercial Code as in effect in the
State of Minnesota from time to time; provided that all references herein to
specific sections or subsections of the UCC are references to such sections or
subsections, as the case may be, of the Uniform Commercial Code as in effect in
the State of Minnesota on the date hereof.

                  "Uncertificated Security" has the meaning given such term in
Section 8-102(a)(18) of the UCC.

                  "Voting Stock" means all classes of capital stock of any
Foreign Corporation entitled to vote.

                  3.       PLEDGE OF SECURITIES, ETC.

                  3.1      Pledge. To secure the Obligations now or hereafter
owed or to be performed by such Pledgor, each Pledgor does hereby grant, pledge
and assign to the Pledgee for the benefit of the Secured Creditors, and does
hereby create a continuing security interest in favor of the Pledgee for the
benefit of the Secured Creditors in, all of the right, title and interest in and
to the following, whether now existing or hereafter from time to time acquired
(collectively, the "Collateral"):

                  (a)      each of the Collateral Accounts, including any and
all assets of whatever type or kind deposited by such Pledgor in such Collateral
Account, whether now owned or

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hereafter acquired, existing or arising, including, without limitation, all
Financial Assets, Investment Property, moneys, checks, drafts, Instruments,
Securities or interests therein of any type or nature deposited or required by
the Credit Agreement or any other Secured Debt Agreement to be deposited in such
Collateral Account, and all investments and all certificates and other
Instruments (including depository receipts, if any) from time to time
representing or evidencing the same, and all dividends, interest, distributions,
cash and other property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of the foregoing;

                  (b)      all Securities owned by such Pledgor from time to
time and all options or warrants owned by such Pledgor from time to time to
purchase Securities;

                  (c)      all Limited Liability Company Interests owned by such
Pledgor from time to time and all of its right, title and interest in each
limited liability company to which each such interest relates, whether now
existing or hereafter acquired, including, without limitation:

                           (A)      all the capital thereof and its interest in
                  all profits, losses, Limited Liability Company Assets and
                  other distributions to which such Pledgor shall at any time be
                  entitled in respect of such Limited Liability Company
                  Interests;

                           (B)      all other payments due or to become due to
                  such Pledgor in respect of Limited Liability Company
                  Interests, whether under any limited liability company
                  agreement or otherwise, whether as contractual obligations,
                  damages, insurance proceeds or otherwise;

                           (C)      all of its claims, rights, powers,
                  privileges, authority, options, security interests, liens and
                  remedies, if any, under any limited liability company
                  agreement or operating agreement, or at law or otherwise in
                  respect of such Limited Liability Company Interests;

                           (D)      all present and future claims, if any, of
                  such Pledgor against any such limited liability company for
                  moneys loaned or advanced, for services rendered or otherwise;

                           (E)      all of such Pledgor's rights under any
                  limited liability company agreement or operating agreement or
                  at law to exercise and enforce every right, power, remedy,
                  authority, option and privilege of such Pledgor relating to
                  such Limited Liability Company Interests, including any power
                  to terminate, cancel or modify any limited liability company
                  agreement or operating agreement, to execute any instruments
                  and to take any and all other action on behalf of and in the
                  name of any of such Pledgor in respect of such Limited
                  Liability Company Interests and any such limited liability
                  company, to make determinations, to exercise any election
                  (including, but not limited to, election of remedies) or
                  option or to give or receive any notice, consent, amendment,
                  waiver or approval, together with full power and authority to
                  demand, receive, enforce, collect or receipt for any of the
                  foregoing or for any Limited Liability Company Asset, to
                  enforce or

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                  execute any checks, or other instruments or orders, to file
                  any claims and to take any action in connection with any of
                  the foregoing; and

                           (F)      all other property hereafter delivered in
                  substitution for or in addition to any of the foregoing, all
                  certificates and instruments representing or evidencing such
                  other property and all cash, securities, interest, dividends,
                  rights and other property at any time and from time to time
                  received, receivable or otherwise distributed in respect of or
                  in exchange for any or all thereof;

                  (d)      all Partnership Interests owned by such Pledgor from
time to time and all of its right, title and interest in each partnership to
which each such interest relates, whether now existing or hereafter acquired,
including, without limitation:

                           (A)      all the capital thereof and its interest in
                  all profits, losses, Partnership Assets and other
                  distributions to which such Pledgor shall at any time be
                  entitled in respect of such Partnership Interests;

                           (B)      all other payments due or to become due to
                  such Pledgor in respect of Partnership Interests, whether
                  under any partnership agreement or otherwise, whether as
                  contractual obligations, damages, insurance proceeds or
                  otherwise;

                           (C)      all of its claims, rights, powers,
                  privileges, authority, options, security interests, liens and
                  remedies, if any, under any partnership agreement or operating
                  agreement, or at law or otherwise in respect of such
                  Partnership Interests;

                           (D)      all present and future claims, if any, of
                  such Pledgor against any such partnership for moneys loaned or
                  advanced, for services rendered or otherwise;

                           (E)      all of such Pledgor's rights under any
                  partnership agreement or operating agreement or at law to
                  exercise and enforce every right, power, remedy, authority,
                  option and privilege of such Pledgor relating to such
                  Partnership Interests, including any power to terminate,
                  cancel or modify any partnership agreement or operating
                  agreement, to execute any instruments and to take any and all
                  other action on behalf of and in the name of any of such
                  Pledgor in respect of such Partnership Interests and any such
                  partnership, to make determinations, to exercise any election
                  (including, but not limited to, election of remedies) or
                  option or to give or receive any notice, consent, amendment,
                  waiver or approval, together with full power and authority to
                  demand, receive, enforce, collect or receipt for any of the
                  foregoing or for any Partnership Asset, to enforce or execute
                  any checks, or other instruments or orders, to file any claims
                  and to take any action in connection with any of the foregoing
                  and

                           (F)      all other property hereafter delivered in
                  substitution for or in addition to any of the foregoing, all
                  certificates and instruments representing or

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                  evidencing such other property and all cash, securities,
                  interest, dividends, rights and other property at any time and
                  from time to time received, receivable or otherwise
                  distributed in respect of or in exchange for any or all
                  thereof;

                  (e)      all Security Entitlements owned by such Pledgor from
time to time in any and all of the foregoing;

                  (f)      all Financial Assets and Investment Property owned by
such Pledgor from time to time; and

                  (g)      all Proceeds of any and all of the foregoing.

                  Notwithstanding anything to the contrary contained in this
Section 3.1, (x) except as otherwise provided in Section 9.13 of the Credit
Agreement, no Pledgor (to the extent that it is the Borrower or a Domestic
Subsidiary of the Borrower) shall be required at any time to pledge hereunder
more than 65% of the Voting Stock of any Foreign Corporation, and (y) each
Pledgor shall be required to pledge hereunder 100% of any Non-Voting Stock at
any time and from time to time acquired by such Pledgor of any Foreign
Corporation.

                  3.2      Procedures.

                  (a)      To the extent that any Pledgor at any time or from
time to time owns, acquires or obtains any right, title or interest in any
Collateral, such Collateral shall automatically (and without the taking of any
action by the respective Pledgor) be pledged pursuant to Section 3.1 of this
Agreement and, in addition thereto, such Pledgor shall (to the extent provided
below) take the following actions as set forth below (as promptly as practicable
and, in any event, within 10 days after it obtains such Collateral) for the
benefit of the Pledgee and the Secured Creditors:

                  (i)      with respect to a Certificated Security (other than a
         Certificated Security credited on the books of a Clearing Corporation),
         the respective Pledgor shall deliver such Certificated Security to the
         Pledgee, indorsed to the Pledgee or indorsed in blank;

                  (ii)     with respect to an Uncertificated Security (other
         than an Uncertificated Security credited on the books of a Clearing
         Corporation), the respective Pledgor shall cause the issuer of such
         Uncertificated Security (or, in the case of an issuer that is not a
         Subsidiary of such Pledgor, will use its best efforts to cause such
         issuer) to duly authorize and execute, and deliver to the Pledgee, an
         agreement for the benefit of the Pledgee and the Secured Creditors
         substantially in the form of Annex G hereto (appropriately completed to
         the reasonable satisfaction of the Pledgee and with such modifications,
         if any, as shall be reasonably satisfactory to the Pledgee) pursuant to
         which such issuer agrees to comply with any and all instructions
         originated by the Pledgee without further consent by the registered
         owner and not to comply with instructions regarding such Uncertificated
         Security (and any Partnership Interests and Limited Liability Company
         Interests issued by such issuer) originated by any other Person other
         than a court of competent jurisdiction;

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                  (iii)    with respect to a Certificated Security,
         Uncertificated Security, Partnership Interest or Limited Liability
         Company Interest credited on the books of a Clearing Corporation
         (including a Federal Reserve Bank, Participants Trust Company or The
         Depository Trust Company), the respective Pledgor shall promptly notify
         the Pledgee thereof and shall promptly take all actions required (i) to
         comply with the applicable rules of such Clearing Corporation and (ii)
         to perfect the security interest of the Pledgee under applicable law
         (including, in any event, under Sections 9-106(a) and (b), 9-312(a),
         9-314(c) and 8-106 (d) of the UCC). The Pledgor further agrees to take
         such actions as the Pledgee deems reasonably necessary or desirable to
         effect the foregoing;

                  (iv)     with respect to a Partnership Interest or a Limited
         Liability Company Interest (other than (x) a Partnership Interest or
         Limited Liability Interest credited on the books of a Clearing
         Corporation or (y) a Limited Liability Company Interest of an Inactive
         Subsidiary to the extent that same remains an "Inactive Subsidiary"),
         (1) if such Partnership Interest or Limited Liability Company Interest
         is represented by a certificate, the procedure set forth in Section
         3.2(a)(i) hereof, and (2) if such Partnership Interest or Limited
         Liability Company Interest is not represented by a certificate, the
         procedure set forth in Section 3.2(a)(ii) hereof;

                  (v)      with respect to any Note, delivery of such Note to
         the Pledgee, indorsed to the Pledgee or indorsed in blank;

                  (vi)     with respect to cash, (i) establishment by the
         Pledgee of a cash account in the name of such Pledgor over which the
         Pledgee shall have exclusive and absolute control and dominion (and no
         withdrawals or transfers may be made therefrom by any Person except
         with the prior written consent of the Pledgee) and (ii) deposit of such
         cash in such cash account;

                  (vii)    with respect to Collateral Accounts, the respective
         Pledgor shall cause each securities intermediary or deposit account
         bank to duly execute and deliver to the Pledgee an agreement for the
         benefit of the Pledgee and the Secured Creditors, substantially in the
         form of Annex H or I, as applicable (appropriately completed to the
         reasonable satisfaction of the Pledgee and with such modifications, if
         any, as shall be reasonably satisfactory to the Pledgee).

                  (b)      In addition to the actions required to be taken
pursuant to proceeding Section 3.2(a) hereof, each Pledgor shall take the
following additional actions with respect to the Securities and Collateral :

                  (i)      with respect to all Collateral of such Pledgor
         whereby or with respect to which the Pledgee may obtain "control"
         thereof within the meaning of Section 8-106 of the UCC (or under any
         provision of the UCC as same may be amended or supplemented from time
         to time, or under the laws of any relevant State other than the State
         of Minnesota), the respective Pledgor shall take all actions as may be
         reasonably requested from time to time by the Pledgee so that "control"
         of such Collateral is obtained and at all times held by the Pledgee;
         and

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                  (ii)     each Pledgor shall from time to time cause
         appropriate financing statements (on Form UCC-1 or other appropriate
         form) under the Uniform Commercial Code as in effect in the various
         relevant States, on form covering all Collateral hereunder (with the
         form of such financing statements to be satisfactory to the Pledgee),
         to be filed in the relevant filing offices so that at all times the
         Pledgee has a security interest in all Investment Property and other
         Collateral which is perfected by the filing of such financing
         statements (in each case to the maximum extent perfection by filing may
         be obtained under the laws of the relevant States, including, without
         limitation, Section 9-312(a) of the UCC).

                  3.3      Subsequently Acquired Collateral. If any Pledgor
shall acquire (by purchase, stock dividend or otherwise) any additional
Collateral at any time or from time to time after the date hereof, such
Collateral shall automatically (and without any further action being required to
be taken) be subject to the pledge and security interests created pursuant to
Section 3.1 hereof and, furthermore, the Pledgor will promptly thereafter take
(or cause to be taken) all action with respect to such Collateral in accordance
with the procedures set forth in Section 3.2 hereof, and will promptly
thereafter deliver to the Pledgee (i) a certificate executed by a principal
executive officer of such Pledgor describing such Collateral and certifying that
the same has been duly pledged in favor of the Pledgee (for the benefit of the
Secured Creditors) hereunder and (ii) supplements to Annexes A through F hereto
as are reasonably necessary to cause such annexes to be complete and accurate at
such time. Without limiting the foregoing, each Pledgor shall be required to
pledge hereunder any shares of stock at any time and from time to time after the
date hereof acquired by such Pledgor of any Foreign Corporation, provided that
(x) except as provided in Section 9.13 of the Credit Agreement, no Pledgor (to
the extent that it is the Borrower or a Domestic Subsidiary of the Borrower)
shall be required at any time to pledge hereunder more than 65% of the Voting
Stock of any Foreign Corporation and (y) each Pledgor shall be required to
pledge hereunder 100% of any Non-Voting Stock at any time and from time to time
acquired by such Pledgor of any Foreign Corporation.

                  3.4      Transfer Taxes. Each pledge of Collateral under
Section 3.1 or Section 3.3 hereof shall be accompanied by any transfer tax
stamps required in connection with the pledge of such Collateral.

                  3.5      Definition of Pledged Notes. All Notes at any time
pledged or required to be pledged hereunder are hereinafter called the "Pledged
Notes".

                  3.6      Certain Representations and Warranties Regarding the
Collateral. Each Pledgor represents and warrants that on the date hereof (i)
each Subsidiary of such Pledgor, and the direct ownership thereof, is listed in
Annex A hereto; (ii) the Stock (and any warrants or options to purchase Stock)
held by such Pledgor consists of the number and type of shares of the stock (or
warrants or options to purchase any stock) of the corporations as described in
Annex B hereto; (iii) such Stock constitutes that percentage of the issued and
outstanding capital stock of the issuing corporation as is set forth in Annex B
hereto; (iv) the Notes held by such Pledgor consist of the promissory notes
described in Annex C hereto where such Pledgor is listed as the lender; (v) the
Limited Liability Company Interests held by such Pledgor consist of the number
and type of interests of the Persons described in Annex D hereto; (vi) each such
Limited Liability

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Company Interest constitutes that percentage of the issued and outstanding
equity interest of the issuing Person as set forth in Annex D hereto; (vii) the
Partnership Interests held by such Pledgor consist of the number and type of
interests of the Persons described in Annex E hereto; (viii) each such
Partnership Interest constitutes that percentage or portion of the entire
partnership interest of the Partnership as set forth in Annex E hereto; (ix) the
Pledgor has complied with the respective procedure set forth in Section 3.2(a)
hereof with respect to each item of Collateral described in Annexes A through E
hereto; and (x) on the date hereof, such Pledgor owns no other Securities,
Limited Liability Company Interests or Partnership Interests.

                  4.       APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. If and
to the extent necessary to enable the Pledgee to perfect its security interest
in any of the Collateral or to exercise any of its remedies hereunder, the
Pledgee shall have the right to appoint one or more sub-agents for the purpose
of retaining physical possession of the Collateral, which may be held (in the
discretion of the Pledgee) in the name of the relevant Pledgor, endorsed or
assigned in blank or in favor of the Pledgee or any nominee or nominees of the
Pledgee or a sub-agent appointed by the Pledgee.

                  5.       VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and
until there shall have occurred and be continuing an Event of Default, each
Pledgor shall be entitled to exercise any and all voting and other consensual
rights pertaining to the Collateral owned by it, and to give consents, waivers
or ratifications in respect thereof; provided, that, in each case, no vote shall
be cast or any consent, waiver or ratification given or any action taken or
omitted to be taken which would violate or be inconsistent with any of the terms
of this Agreement, the Credit Agreement, any other Credit Document or any
Interest Rate Protection Agreement or Other Hedging Agreement (collectively, the
"Secured Debt Agreements"), or which would have the effect of impairing the
value of the Collateral or any part thereof or the position or interests of the
Pledgee or any other Secured Creditor in the Collateral. All such rights of each
Pledgor to vote and to give consents, waivers and ratifications shall cease in
case an Event of Default has occurred and is continuing, and Section 7 hereof
shall become applicable.

                  6.       DIVIDENDS AND OTHER DISTRIBUTIONS. Unless and until
there shall have occurred and be continuing an Event of Default, all cash
dividends, cash distributions, cash Proceeds and other cash amounts payable in
respect of the Collateral shall be paid to the respective Pledgor. The Pledgee
shall be entitled to receive directly, and to retain as part of the Collateral:

                  (i)      all other or additional stock, notes, limited
         liability company interests, partnership interests, instruments or
         other securities or property (including, but not limited to, cash
         dividends other than as set forth above) paid or distributed by way of
         dividend or otherwise in respect of the Collateral;

                  (ii)     all other or additional stock, notes, limited
         liability company interests, partnership interests, instruments or
         other securities or property (including, but not limited to, cash) paid
         or distributed in respect of the Collateral by way of stock-split,
         spin-off, split-up, reclassification, combination of shares or similar
         rearrangement; and

                                      -11-
<PAGE>

                  (iii)    all other or additional stock, notes, limited
         liability company interests, partnership interests, instruments or
         other securities or property (including, but not limited to, cash)
         which may be paid in respect of the Collateral by reason of any
         consolidation, merger, exchange of stock, conveyance of assets,
         liquidation or similar corporate reorganization.

Nothing contained in this Section 6 shall limit or restrict in any way the
Pledgee's right to receive proceeds of the Collateral in any form in accordance
with Section 3 of this Agreement. All dividends, distributions or other payments
which are received by any Pledgor contrary to the provisions of this Section 6
and Section 7 hereof shall be received in trust for the benefit of the Pledgee,
shall be segregated from other property or funds of such Pledgor and shall be
forthwith paid over to the Pledgee as Collateral in the same form as so received
(with any necessary endorsement).

                  7.       REMEDIES IN CASE OF DEFAULT OR EVENT OF DEFAULT. If
there shall have occurred and be continuing an Event of Default, then and in
every such case, the Pledgee shall be entitled to exercise all of the rights,
powers and remedies (whether vested in it by this Agreement, any other Secured
Debt Agreement or by law) for the protection and enforcement of its rights in
respect of the Collateral, and the Pledgee shall be entitled to exercise all the
rights and remedies of a secured party under the Uniform Commercial Code as in
effect in any relevant jurisdiction and also shall be entitled, without
limitation, to exercise the following rights, which each Pledgor hereby agrees
to be commercially reasonable:

                  (i)      to receive all amounts payable in respect of the
         Collateral otherwise payable under Section 6 hereof to the respective
         Pledgor;

                  (ii)     to transfer all or any part of the Collateral into
         the Pledgee's name or the name of its nominee or nominees;

                  (iii)    to accelerate any Pledged Note which may be
         accelerated in accordance with its terms, and take any other lawful
         action to collect upon any Pledged Note (including, without limitation,
         to make any demand for payment thereon);

                  (iv)     to vote all or any part of the Collateral (whether or
         not transferred into the name of the Pledgee) and give all consents,
         waivers and ratifications in respect of the Collateral and otherwise
         act with respect thereto as though it were the outright owner thereof
         (each Pledgor hereby irrevocably constituting and appointing the
         Pledgee the proxy and attorney-in-fact of such Pledgor, with full power
         of substitution to do so);

                  (v)      at any time and from time to time to sell, assign and
         deliver, or grant options to purchase, all or any part of the
         Collateral, or any interest therein, at any public or private sale,
         without demand of performance, advertisement or notice of intention to
         sell or of the time or place of sale or adjournment thereof or to
         redeem or otherwise (all of which are hereby waived by each Pledgor),
         for cash, on credit or for other property, for immediate or future
         delivery without any assumption of credit risk, and for such price or
         prices and on such terms as the Pledgee in its absolute discretion may
         determine,

                                      -12-
<PAGE>

         provided that at least 10 days' written notice of the time and place of
         any such sale shall be given to the respective Pledgor. The Pledgee
         shall not be obligated to make any such sale of Collateral regardless
         of whether any such notice of sale has theretofore been given. Each
         Pledgor hereby waives and releases to the fullest extent permitted by
         law any right or equity of redemption with respect to the Collateral,
         whether before or after sale hereunder, and all rights, if any, of
         marshalling the Collateral and any other security for the Obligations
         or otherwise. At any such sale, unless prohibited by applicable law,
         the Pledgee on behalf of the Secured Creditors may bid for and purchase
         all or any part of the Collateral so sold free from any such right or
         equity of redemption. Neither the Pledgee nor any other Secured
         Creditor shall be liable for failure to collect or realize upon any or
         all of the Collateral or for any delay in so doing nor shall any of
         them be under any obligation to take any action whatsoever with regard
         thereto; and

                  (vi)     to set-off any and all Collateral against any and all
         Obligations, and to withdraw any and all cash or other Collateral from
         any and all Collateral Accounts and to apply such cash and other
         Collateral to the payment of any and all Obligations.

The Pledgee shall not exercise any rights under Section 3 of any Securities
Account Control Agreement, executed and delivered pursuant to Section
3.2(a)(vii) of this Agreement, or under Section 2 of any Deposit Account Control
Agreement, executed and delivered pursuant to Section 3.2(a)(vii) of this
Agreement, unless an Event of Default shall exist.

                  8.       REMEDIES, CUMULATIVE, ETC. Each and every right,
power and remedy of the Pledgee provided for in this Agreement or in any other
Secured Debt Agreement, or now or hereafter existing at law or in equity or by
statute shall be cumulative and concurrent and shall be in addition to every
other such right, power or remedy. The exercise or beginning of the exercise by
the Pledgee or any other Secured Creditor of any one or more of the rights,
powers or remedies provided for in this Agreement or any other Secured Debt
Agreement or now or hereafter existing at law or in equity or by statute or
otherwise shall not preclude the simultaneous or later exercise by the Pledgee
or any other Secured Creditor of all such other rights, powers or remedies, and
no failure or delay on the part of the Pledgee or any other Secured Creditor to
exercise any such right, power or remedy shall operate as a waiver thereof. No
notice to or demand on any Pledgor in any case shall entitle it to any other or
further notice or demand in similar or other circumstances or constitute a
waiver of any of the rights of the Pledgee or any other Secured Creditor to any
other or further action in any circumstances without notice or demand. The
Secured Creditors agree that this Agreement may be enforced only by the action
of the Pledgee, in each case acting upon the instructions of the Required
Lenders (or, after the date on which all Credit Document Obligations have been
paid in full, the holders of at least the majority of the outstanding Other
Obligations) and that no other Secured Creditor shall have any right
individually to seek to enforce or to enforce this Agreement or to realize upon
the security to be granted hereby, it being understood and agreed that such
rights and remedies may be exercised by the Pledgee for the benefit of the
Secured Creditors upon the terms of this Agreement.

                  9.       APPLICATION OF PROCEEDS. All monies collected by the
Pledgee upon any sale or other disposition of the Collateral pursuant to the
terms of this Agreement,

                                      -13-
<PAGE>

together with all other monies received by the Pledgee hereunder, shall be
applied in the manner provided in the Security Agreement. It is understood and
agreed that the Pledgors shall remain jointly and severally liable to the extent
of any deficiency between the amount of the proceeds of the Collateral hereunder
and the aggregate amount of the Obligations.

                  10.      PURCHASERS OF COLLATERAL. Upon any sale of the
Collateral by the Pledgee hereunder (whether by virtue of the power of sale
herein granted, pursuant to judicial process or otherwise), the receipt of the
Pledgee or the officer making the sale shall be a sufficient discharge to the
purchaser or purchasers of the Collateral so sold, and such purchaser or
purchasers shall not be obligated to see to the application of any part of the
purchase money paid over to the Pledgee or such officer or be answerable in any
way for the misapplication or nonapplication thereof.

                  11.      INDEMNITY. Each Pledgor jointly and severally agrees
(i) to indemnify and hold harmless the Pledgee in such capacity and each other
Secured Creditor and their respective successors, assigns, employees, agents and
affiliates (individually an "Indemnitee," and collectively the "Indemnitees")
from and against any and all claims, demands, losses, judgments and liabilities
(including liabilities for penalties) of whatsoever kind or nature, and (ii) to
reimburse each Indemnitee for all reasonable costs and expenses, including
reasonable attorneys' fees, in each case growing out of or resulting from this
Agreement or the exercise by any Indemnitee of any right or remedy granted to it
hereunder or under any other Secured Debt Agreement (but excluding any claims,
demands, losses, judgments and liabilities or expenses to the extent incurred by
reason of gross negligence or willful misconduct of such Indemnitee). In no
event shall the Pledgee be liable, in the absence of gross negligence or willful
misconduct on its part, for any matter or thing in connection with this
Agreement other than to account for monies actually received by it in accordance
with the terms hereof. If and to the extent that the obligations of any Pledgor
under this Section 11 are unenforceable for any reason, such Pledgor hereby
agrees to make the maximum contribution to the payment and satisfaction of such
obligations which is permissible under applicable law.

                  12.      PLEDGEE NOT A PARTNER OR LIMITED LIABILITY COMPANY
MEMBER.

                  (a)      Nothing herein shall be construed to make the Pledgee
or any other Secured Creditor liable as a member of any limited liability
company or as a partner of any partnership and neither the Pledgee nor any other
Secured Creditor by virtue of this Agreement or otherwise (except as referred to
in the following sentence) shall have any of the duties, obligations or
liabilities of a member of any limited liability company or partnership. The
parties hereto expressly agree that, unless the Pledgee shall become the
absolute owner of Collateral consisting of a Limited Liability Company Interest
or Partnership Interest pursuant hereto, this Agreement shall not be construed
as creating a partnership or joint venture among the Pledgee, any other Secured
Creditor, any Pledgor and/or any other Person.

                  (b)      Except as provided in the last sentence of paragraph
(a) of this Section 12, the Pledgee, by accepting this Agreement, did not intend
to become a member of any limited liability company or a partner of any
partnership or otherwise be deemed to be a co-venturer with

                                      -14-
<PAGE>

respect to any Pledgor, any limited liability company, partnership and/or any
other Person either before or after an Event of Default shall have occurred. The
Pledgee shall have only those powers set forth herein and the Secured Creditors
shall assume none of the duties, obligations or liabilities of a member of any
limited liability company or as a partner of any partnership or any Pledgor
except as provided in the last sentence of paragraph (a) of this Section 12.

                  (c)      The Pledgee and the other Secured Creditors shall not
be obligated to perform or discharge any obligation of any Pledgor as a result
of the pledge hereby effected.

                  (d)      The acceptance by the Pledgee of this Agreement, with
all the rights, powers, privileges and authority so created, shall not at any
time or in any event obligate the Pledgee or any other Secured Creditor to
appear in or defend any action or proceeding relating to the Collateral to which
it is not a party, or to take any action hereunder or thereunder, or to expend
any money or incur any expenses or perform or discharge any obligation, duty or
liability under the Collateral.

                  13.      FURTHER ASSURANCES; POWER-OF-ATTORNEY.

                  (a)      Each Pledgor agrees that it will join with the
Pledgee in executing and, at such Pledgor's own expense, file and refile under
the Uniform Commercial Code or other applicable law such financing statements,
continuation statements and other documents in such offices as the Pledgee may
deem reasonably necessary and wherever required by law in order to perfect and
preserve the Pledgee's security interest in the Collateral and hereby authorizes
the Pledgee to file financing statements and amendments thereto relative to all
or any part of the Collateral without the signature of such Pledgor where
permitted by law, and agrees to do such further acts and things and to execute
and deliver to the Pledgee such additional conveyances, assignments, agreements
and instruments as the Pledgee may reasonably require or deem necessary to carry
into effect the purposes of this Agreement or to further assure and confirm unto
the Pledgee its rights, powers and remedies hereunder.

                  (b)      Each Pledgor hereby appoints the Pledgee such
Pledgor's attorney-in-fact, with full authority in the place and stead of such
Pledgor and in the name of such Pledgor or otherwise, to act from time to time
solely after the occurrence and during the continuance of an Event of Default in
the Pledgee's reasonable discretion to take any action and to execute any
instrument which the Pledgee may deem reasonably necessary or advisable to
accomplish the purposes of this Agreement.

                  14.      THE PLEDGEE AS AGENT. The Pledgee will hold in
accordance with this Agreement all items of the Collateral at any time received
under this Agreement. It is expressly understood and agreed by each Secured
Creditor that by accepting the benefits of this Agreement each such Secured
Creditor acknowledges and agrees that the obligations of the Pledgee as holder
of the Collateral and interests therein and with respect to the disposition
thereof, and otherwise under this Agreement, are only those expressly set forth
in this Agreement. The Pledgee shall act hereunder on the terms and conditions
set forth herein and in Article 12 of the Credit Agreement.

                                      -15-
<PAGE>

                  15.      TRANSFER BY THE PLEDGORS. No Pledgor will sell or
otherwise dispose of, grant any option with respect to, or mortgage, pledge or
otherwise encumber any of the Collateral or any interest therein (except as may
be permitted in accordance with the terms of the Credit Agreement).

                  16.      REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE
PLEDGORS.

                  (a)      Each Pledgor represents, warrants and covenants that:

                  (i)      it is the legal, beneficial and record owner of, and
         has good and marketable title to, all Collateral consisting of one or
         more Securities and that it has sufficient interest in all Collateral
         in which a security interest is purported to be created hereunder for
         such security interest to attach (subject, in each case, to no pledge,
         lien, mortgage, hypothecation, security interest, charge, option,
         Adverse Claim or other encumbrance whatsoever, except the liens and
         security interests created by this Agreement);

                  (ii)     it has full power, authority and legal right to
         pledge all the Collateral pledged by it pursuant to this Agreement;

                  (iii)    this Agreement has been duly authorized, executed and
         delivered by such Pledgor and constitutes a legal, valid and binding
         obligation of such Pledgor enforceable against such Pledgor in
         accordance with its terms, except to the extent that the enforceability
         thereof may be limited by applicable bankruptcy, insolvency,
         reorganization, moratorium or other similar laws generally affecting
         creditors' rights and by equitable principles (regardless of whether
         enforcement is sought in equity or at law);

                  (iv)     except to the extent already obtained or made, no
         consent of any other party (including, without limitation, any
         stockholder, partner, member or creditor of such Pledgor or any of its
         Subsidiaries) and no consent, license, permit, approval or
         authorization of, exemption by, notice or report to, or registration,
         filing or declaration with, any governmental authority is required to
         be obtained by such Pledgor in connection with (a) the execution,
         delivery or performance of this Agreement, (b) the validity or
         enforceability of this Agreement, (c) the perfection or enforceability
         of the Pledgee's security interest in the Collateral or (d) except for
         compliance with or as may be required by applicable securities laws,
         the exercise by the Pledgee of any of its rights or remedies provided
         herein;

                  (v)      the execution, delivery and performance of this
         Agreement will not violate any provision of any applicable law or
         regulation or of any order, judgment, writ, award or decree of any
         court, arbitrator or governmental authority, domestic or foreign,
         applicable to such Pledgor, or of the certificate of incorporation,
         operating agreement, limited liability company agreement, partnership
         agreement or by-laws of such Pledgor or of any securities issued by
         such Pledgor or any of its Subsidiaries, or of any mortgage, deed of
         trust, indenture, lease, loan agreement, credit agreement or other
         material contract, agreement or instrument or undertaking to which such
         Pledgor or any of its

                                      -16-
<PAGE>

         Subsidiaries is a party or which purports to be binding upon such
         Pledgor or any of its Subsidiaries or upon any of their respective
         assets and will not result in the creation or imposition of (or the
         obligation to create or impose) any lien or encumbrance on any of the
         assets of such Pledgor or any of its Subsidiaries except as
         contemplated by this Agreement;

                  (vi)     all of the Collateral (consisting of Securities,
         Limited Liability Company Interests or Partnership Interests) has been
         duly and validly issued and acquired, is fully paid and non-assessable
         and is subject to no options to purchase or similar rights;

                  (vii)    each of the Pledged Notes constituting an
         Intercompany Note constitutes, or when executed by the obligor thereof
         will constitute, the legal, valid and binding obligation of such
         obligor, enforceable in accordance with its terms, except to the extent
         that the enforceability thereof may be limited by applicable
         bankruptcy, insolvency, reorganization, moratorium or other similar
         laws generally affecting creditors' rights and by equitable principles
         (regardless of whether enforcement is sought in equity or at law); and

                  (viii)   the pledge and collateral assignment to, and
         possession by, the Pledgee of the Collateral consisting of Certificated
         Securities and Pledged Notes pursuant to this Agreement creates a valid
         and perfected first priority security interest in such Certificated
         Securities and Pledged Notes, and the proceeds thereof, subject to no
         prior Lien or encumbrance or to any agreement purporting to grant to
         any third party a Lien or encumbrance on the property or assets of such
         Pledgor which would include the Securities and the Pledgee is entitled
         to all the rights, priorities and benefits afforded by the UCC or other
         relevant law as enacted in any relevant jurisdiction to perfect
         security interests in respect of such Collateral; and

                  (ix)     "control" (as defined in Section 8-106 of the UCC)
         has been obtained by the Pledgee over all Collateral consisting of
         Securities (including Notes which are Securities) with respect to which
         such "control" may be obtained pursuant to Section 8-106 of the UCC.

                  (b)      Each Pledgor covenants and agrees that it will defend
the Pledgee's right, title and security interest in and to the Securities and
the proceeds thereof against the claims and demands of all persons whomsoever;
and each Pledgor covenants and agrees that it will have like title to and right
to pledge any other property at any time hereafter pledged to the Pledgee as
Collateral hereunder and will likewise defend the right thereto and security
interest therein of the Pledgee and the other Secured Creditors.

                  17.      CHIEF EXECUTIVE OFFICE; JURISDICTION OF ORGANIZATION
RECORDS. The full legal name and jurisdiction of organization of each Pledgor is
as set forth in Annex F hereto. The chief executive office of each Pledgor is
located at the address specified in Annex F hereto. No Pledgor will move its
chief executive office except to such new location as such Pledgor may establish
in accordance with the last sentence of this Section 17. The originals of all
documents in the possession of such Pledgor evidencing all Collateral, including
but not

                                      -17-
<PAGE>

limited to all Limited Liability Company Interests and Partnership Interests,
and the only original books of account and records of such Pledgor relating
thereto are, and will continue to be, kept at such chief executive office as
specified in Annex F hereto, or at such new locations as such Pledgor may
establish in accordance with the last sentence of this Section 17. All Limited
Liability Company Interests and Partnership Interests are, and will continue to
be, maintained at, and controlled and directed (including, without limitation,
for general accounting purposes) from, such chief executive office as specified
in Annex F hereto, or such new locations as such Pledgor may establish in
accordance with the last sentence of this Section 17. No Pledgor shall change
its chief executive office, name, form of organization from that of a
corporation or jurisdiction of organization until (i) it shall have given to the
Pledgee not less than 30 days' prior written notice of its intention so to do,
clearly describing the proposed changes and providing such other information in
connection therewith as the Pledgee may reasonably request and (ii) with respect
to such changes, it shall have taken all action, satisfactory to the Pledgee, to
maintain the security interest of the Collateral Agent in the Collateral
intended to be granted hereby at all times fully perfected and in full force and
effect. Promptly after establishing a new location for such offices in
accordance with the immediately preceding sentence, the respective Pledgor shall
deliver to the Pledgee a supplement to Annex F hereto so as to cause such Annex
F hereto to be complete and accurate.

                  18.      PLEDGORS' OBLIGATIONS ABSOLUTE, ETC. The obligations
of each Pledgor under this Agreement shall be absolute and unconditional and
shall remain in full force and effect without regard to, and shall not be
released, suspended, discharged, terminated or otherwise affected by, any
circumstance or occurrence whatsoever, including, without limitation: (i) any
renewal, extension, amendment or modification of or addition or supplement to or
deletion from any Secured Debt Agreement or any other instrument or agreement
referred to therein, or any assignment or transfer of any thereof; (ii) any
waiver, consent, extension, indulgence or other action or inaction under or in
respect of any such agreement or instrument including, without limitation, this
Agreement; (iii) any furnishing of any additional security to the Pledgee or its
assignee or any acceptance thereof or any release of any security by the Pledgee
or its assignee; (iv) any limitation on any party's liability or obligations
under any such instrument or agreement or any invalidity or unenforceability, in
whole or in part, of any such instrument or agreement or any term thereof; or
(v) any bankruptcy, insolvency, reorganization, composition, adjustment,
dissolution, liquidation or other like proceeding relating to any Pledgor or any
Subsidiary of any Pledgor, or any action taken with respect to this Agreement by
any trustee or receiver, or by any court, in any such proceeding, whether or not
such Pledgor shall have notice or knowledge of any of the foregoing.

                  19.      REGISTRATION, ETC.

                  (a)      If there shall have occurred and be continuing an
Event of Default then, and in every such case, upon receipt by any Pledgor from
the Pledgee of a written request or requests that such Pledgor cause any
registration, qualification or compliance under any Federal or state securities
law or laws to be effected with respect to all or any part of the Collateral
consisting of Securities, Limited Liability Company Interests or Partnership
Interests, such Pledgor as soon as practicable and at its expense will cause
such registration to be effected (and be kept effective) and will cause such
qualification and compliance to be declared effected (and

                                      -18-
<PAGE>

be kept effective) as may be so requested and as would permit or facilitate the
sale and distribution of such Collateral, including, without limitation,
registration under the Securities Act, as then in effect (or any similar statute
then in effect), appropriate qualifications under applicable blue sky or other
state securities laws and appropriate compliance with any other government
requirements, provided, that the Pledgee shall furnish to such Pledgor such
information regarding the Pledgee as such Pledgor may reasonably request in
writing and as shall be required in connection with any such registration,
qualification or compliance. Such Pledgor will cause the Pledgee to be kept
advised in writing as to the progress of each such registration, qualification
or compliance and as to the completion thereof, will furnish to the Pledgee such
number of prospectuses, offering circulars or other documents incident thereto
as the Pledgee from time to time may reasonably request, and will indemnify the
Pledgee, each other Secured Creditor and all others participating in the
distribution of such Collateral against all claims, losses, damages and
liabilities caused by any untrue statement (or alleged untrue statement) of a
material fact contained therein (or in any related registration statement,
notification or the like) or by any omission (or alleged omission) to state
therein (or in any related registration statement, notification or the like) a
material fact required to be stated therein or necessary to make the statements
therein not misleading, except insofar as the same may have been caused by an
untrue statement or omission based upon information furnished in writing to such
Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.

                  (b)      If at any time when the Pledgee shall determine to
exercise its right to sell all or any part of the Collateral consisting of
Securities, Limited Liability Company Interests or Partnership Interests
pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold
shall not, for any reason whatsoever, be effectively registered under the
Securities Act, as then in effect, the Pledgee may, in its sole and absolute
discretion, sell such Collateral, as the case may be, or part thereof by private
sale in such manner and under such circumstances as the Pledgee may deem
necessary or advisable in order that such sale may legally be effected without
such registration. Without limiting the generality of the foregoing, in any such
event the Pledgee, in its sole and absolute discretion (i) may proceed to make
such private sale notwithstanding that a registration statement for the purpose
of registering such Collateral or part thereof shall have been filed under such
Securities Act, (ii) may approach and negotiate with a single possible purchaser
to effect such sale, and (iii) may restrict such sale to a purchaser who will
represent and agree that such purchaser is purchasing for its own account, for
investment, and not with a view to the distribution or sale of such Collateral
or part thereof. In the event of any such sale, the Pledgee shall incur no
responsibility or liability for selling all or any part of the Collateral at a
price which the Pledgee, in its sole and absolute discretion, in good faith
deems reasonable under the circumstances, notwithstanding the possibility that a
substantially higher price might be realized if the sale were deferred until
after registration as aforesaid.

                  20.      TERMINATION; RELEASE.

                  (a)      After the Termination Date, this Agreement and the
security interest created hereby shall terminate (provided that all indemnities
set forth herein including, without limitation, in Section 11 hereof shall
survive any such termination), and the Pledgee, at the request and expense of
any Pledgor, will execute and deliver to such Pledgor a proper instrument or
instruments acknowledging the satisfaction and termination of this Agreement,
and will duly

                                      -19-
<PAGE>

assign, transfer and deliver to such Pledgor (without recourse and without any
representation or warranty) such of the Collateral as has not theretofore been
sold or otherwise applied or released pursuant to this Agreement, together with
any monies at the time held by the Pledgee or any of its sub-agents hereunder.
As used in this Agreement, "Termination Date" shall mean the date upon which the
Total Commitment and all Interest Rate Protection Agreements and Other Hedging
Agreements have been terminated, no Note under the Credit Agreement is
outstanding (and all Loans have been repaid in full), all Letters of Credit have
been terminated and all Obligations then due and payable have been paid in full.

                  (b)      In the event that any part of the Collateral is sold
in connection with a sale permitted by Section 10.2 of the Credit Agreement
(other than a sale to any Pledgor or any Subsidiary thereof) or is otherwise
released at the direction of the Required Lenders (or all Lenders if required by
Section 13.11 of the Credit Agreement) and the proceeds of such sale or sales or
from such release are applied in accordance with the provisions of the Credit
Agreement, to the extent required to be so applied, the Pledgee, at the request
and expense of any Pledgor, will duly assign, transfer and deliver to such
Pledgor (without recourse and without any representation or warranty) such of
the Collateral (and releases therefor) as is then being (or has been) so sold or
released and has not theretofore been released pursuant to this Agreement.

                  (c)      At any time that a Pledgor desires that the Pledgee
assign, transfer and deliver Collateral (and releases therefor) as provided in
Section 20(a) or (b) hereof, it shall deliver to the Pledgee a certificate
signed by a principal executive officer of such Pledgor stating that the release
of the respective Collateral is permitted pursuant to such Section 20(a) or (b).

                  (d)      The Pledgee shall have no liability whatsoever to any
other Secured Creditor as the result of any release of Collateral by it in
accordance with this Section 20.

                  21.      NOTICES, ETC. All such notices and communications
hereunder shall be sent or delivered by mail, telegraph, telex, telecopy, cable
or overnight courier service and all such notices and communications shall, when
mailed, telegraphed, telexed, telecopied, or cabled or sent by overnight
courier, be effective when deposited in the mails, delivered to the telegraph
company, cable company or overnight courier, as the case may be, or sent by
telex or telecopier and when mailed shall be effective three Business Days
following deposit in the mail with proper postage, except that notices and
communications to the Pledgee or any Pledgor shall not be effective until
received by the Pledgee or such Pledgor, as the case may be. All notices and
other communications shall be in writing and addressed as follows:

                  (a)      if to any Pledgor, at:

                  c/o infoUSA Inc.
                  5711 South 86th Circle
                  Omaha, Nebraska  68127
                  Attention: Chief Financial Officer
                  Telephone No.: (402) 593-4500
                  Telecopier No.: (402) 331-1505

                                      -20-
<PAGE>

                  (b)      if to the Pledgee, at:

                  Wells Fargo Bank, National Association
                  1740 Broadway
                  MAC: C7300-034
                  Denver, Colorado 80209
                  Attention:  Kevin Rapp
                  Telephone No.: (___) ___________
                  Telecopier No.: (___) ___________

                  (c)      if to any Lender Creditor, either (x) to the
Administrative Agent, at the address of the Administrative Agent specified in
the Credit Agreement or (y) at such address as such Lender Creditor shall have
specified in the Credit Agreement;

                  (d)      if to any Other Creditor at such address as such
Other Creditor shall have specified in writing to the Pledgors and the Pledgee;
or at such other address as shall have been furnished in writing by any Person
described above to the party required to give notice hereunder.

                  22.      WAIVER; AMENDMENT. None of the terms and conditions
of this Agreement may be changed, waived, modified or varied in any manner
whatsoever unless in writing duly signed by each Pledgor directly affected
thereby and the Pledgee (with the written consent of either (x) the Required
Lenders (or all of the Lenders to the extent required by Section 13.11 of the
Credit Agreement) at all times prior to the time on which all Credit Document
Obligations have been paid in full or (y) the holders of at least 50% of the
aggregate principal amount of the outstanding Other Obligations at all times
after the time on which all Credit Document Obligations have been paid in full);
provided, that any change, waiver, modification or variance affecting the rights
and benefits of a single Class (as defined below) of Secured Creditors (and not
all Secured Creditors in a like or similar manner) shall also require the
written consent of the Requisite Creditors (as defined below) of such affected
Class. For the purpose of this Agreement, the term "Class" shall mean each class
of Secured Creditors, i.e., whether (i) the Lender Creditors as holders of the
Credit Document Obligations or (ii) the Other Creditors as the holders of the
Other Obligations. For the purpose of this Agreement, the term "Requisite
Creditors" of any Class shall mean each of (i) with respect to the Credit
Document Obligations, the Required Lenders and (ii) with respect to the Other
Obligations, the holders of at least 50% of the aggregate principal amount of
the outstanding Other Obligations.

                  23.      MISCELLANEOUS. This Agreement shall be binding upon
the parties hereto and their respective successors and assigns and shall inure
to the benefit of and be enforceable by each of the parties hereto and its
successors and assigns, provided that no Pledgor may assign any of its rights or
obligations under this Agreement without the prior consent of the Collateral
Agent. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA. EACH PLEDGOR
IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION PROCEEDING OR
COUNTERCLAIM

                                      -21-
<PAGE>

ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY. The headings in this Agreement are for purposes of reference only and
shall not limit or define the meaning hereof. This Agreement may be executed in
any number of counterparts, each of which shall be an original, but all of which
shall constitute one instrument. In the event that any provision of this
Agreement shall prove to be invalid or unenforceable, such provision shall be
deemed to be severable from the other provisions of this Agreement which shall
remain binding on all parties hereto.

                  24.      RECOURSE. This Agreement is made with full recourse
to the Pledgors and pursuant to and upon all the representations, warranties,
covenants and agreements on the part of the Pledgors contained herein and in the
other Secured Debt Agreements and otherwise in writing in connection herewith or
therewith.

                  25.      ADDITIONAL PLEDGORS. It is understood and agreed that
any Subsidiary of the Borrower that is required to execute a counterpart of this
Agreement after the date hereof pursuant to the Credit Agreement shall become a
Pledgor hereunder by executing a counterpart hereof and delivering the same to
the Pledgee.

                                     * * * *

                                      -22-
<PAGE>

                  IN WITNESS WHEREOF, each Pledgor and the Pledgee have caused
this Agreement to be executed by their duly elected officers duly authorized as
of the date first above written.

                                    infoUSA INC., as a Pledgor

                                    By____________________________
                                    Name:_________________________
                                    Title: _______________________

                                    AMERICAN CHURCH LISTS, INC.,
                                    BJ HUNTER INFORMATION, INC.,
                                    CD-ROM TECHNOLOGIES, INC.,
                                    CITY DIRECTORIES, INC.,
                                    CLICKACTION INC.,
                                    DONNELLEY MARKETING, INC.,
                                    HILL-DONNELLY CORPORATION
                                    IDEXEC, INC.,
                                    INFOUSA MARKETING, INC.,
                                    LIST BAZAAR.COM, INC.,
                                    MARKADO, INC.,
                                    STRATEGIC INFORMATION MANAGEMENT, INC.,
                                    TGMVC CORPORATION,
                                    TRIPLEX DIRECT MARKETING CORP.,
                                    WALTER KARL, INC., and
                                    YESMAIL, INC.,
                                        each as a Pledgor

                                    By ___________________________
                                    Name:_________________________
                                    Title: _______________________

                                 Signature Page
                                       to
                                Pledge Agreement

<PAGE>

Accepted and Agreed to:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
  as Pledgee, Collateral Agent

By:_________________________________
Name:_______________________________
Title: _____________________________

                                 Signature Page
                                       to
                                Pledge Agreement

<PAGE>

                                                                         ANNEX A
                                                                              to
                                                                PLEDGE AGREEMENT

                              LIST OF SUBSIDIARIES

See Schedule 3 and 7 of the Disclosure Letter to the Credit Agreement.

<PAGE>

                                                                         ANNEX B
                                                                              to
                                                                PLEDGE AGREEMENT

                                  LIST OF STOCK

See Schedule 3 and 7 of the Disclosure Letter to the Credit Agreement, provided
that with respect to the common stock of BJ Hunter Information, Inc., only 65%
of such common stock is required to be pledged.

<PAGE>

                                                                         ANNEX C
                                                                              to
                                                                PLEDGE AGREEMENT

                                  LIST OF NOTES

Various members of senior management of the Borrower owe the Borrower pursuant
to promissory notes an aggregate of $325,000 (as of February 29, 2004) in
connection with the exercise of stock options to acquire common stock of the
Borrower.

<PAGE>

                                                                         ANNEX D
                                                                              to
                                                                PLEDGE AGREEMENT

                   LIST OF LIMITED LIABILITY COMPANY INTERESTS

None.

<PAGE>

                                                                         ANNEX E
                                                                              to
                                                                PLEDGE AGREEMENT

                          LIST OF PARTNERSHIP INTERESTS

None.

<PAGE>

                                                                         ANNEX F
                                                                              to
                                                                PLEDGE AGREEMENT

                      LIST OF JURISDICTIONS OF ORGANIZATION

See Annex A to the Security Agreement.

                         LIST OF CHIEF EXECUTIVE OFFICES

See Annex B to the Security Agreement.

<PAGE>

                                                                         ANNEX G
                                                                              to
                                                                PLEDGE AGREEMENT

    Form of Agreement Regarding Uncertificated Securities, Limited Liability
                   Company Interests and Partnership Interests

                  THIS AGREEMENT (as amended, modified or supplemented from time
to time, this "Agreement"), is dated as of _______ __, ____, among the
undersigned pledgor (the "Pledgor"), Wells Fargo Bank, National Association, not
in its individual capacity but solely as Collateral Agent (the "Pledgee"), and
__________, as the issuer of the Uncertificated Securities, Limited Liability
Company Interests and/or Partnership Interests (each as defined below) (the
"Issuer").

                                   WITNESSETH:

                  WHEREAS, the Pledgor, certain of its affiliates and the
Pledgee have entered into a Pledge Agreement, dated as of March __, 2004 (as
amended, amended and restated, modified or supplemented from time to time, the
"Pledge Agreement"), under which, among other things, in order to secure the
payment of the Obligations (as defined in the Pledge Agreement), the Pledgor
will pledge to the Pledgee for the benefit of the Secured Creditors (as defined
in the Pledge Agreement), and grant a security interest in favor of the Pledgee
for the benefit of the Secured Creditors in, all of the right, title and
interest of the Pledgor in and to any and all (1) "uncertificated securities"
(as defined in Section 8-102(a)(18) of the Uniform Commercial Code, as adopted
in the State of Minnesota) ("Uncertificated Securities"), (2) Partnership
Interests (as defined in the Pledge Agreement) and (3) Limited Liability Company
Interests (as defined in the Pledge Agreement), in each case issued from time to
time by the Issuer, whether now existing or hereafter from time to time acquired
by the Pledgor (with all of such Uncertificated Securities, Partnership
Interests and Limited Liability Company Interests being herein collectively
called the "Issuer Pledged Interests"); and

                  WHEREAS, the Pledgor desires the Issuer to enter into this
Agreement in order to perfect the security interest of the Pledgee under the
Pledge Agreement in the Issuer Pledged Interests, to vest in the Pledgee control
of the Issuer Pledge Interests and to provide for the rights of the parties
under this Agreement;

                  NOW THEREFORE, in consideration of the premises and the mutual
promises and agreements contained herein, and for other valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

                  1. The Pledgor hereby irrevocably authorizes and directs the
Issuer, and the Issuer hereby agrees, to comply with any and all instructions
and orders originated by the Pledgee (and its successors and assigns) regarding
any and all of the Issuer Pledged Interests without the

<PAGE>

further consent by the registered owner (including the Pledgor), and not to
comply with any instructions or orders regarding any or all of the Issuer
Pledged Interests originated by any person or entity other than the Pledgee (and
its successors and assigns) or a court of competent jurisdiction.

                  2. The Issuer hereby certifies that (i) no notice of any
security interest, lien or other encumbrance or claim affecting the Issuer
Pledged Interests (other than the security interest of the Pledgee) has been
received by it, and (ii) the security interest of the Pledgee in the Issuer
Pledged Interests has been registered in the books and records of the Issuer.

                  3. The Issuer hereby represents and warrants that (i) the
pledge by the Pledgor of, and the granting by the Pledgor of a security interest
in, the Issuer Pledged Interests to the Pledgee, for the benefit of the Secured
Creditors, does not violate the charter, by-laws, partnership agreement,
membership agreement or any other agreement governing the Issuer or the Issuer
Pledged Interests, and (ii) the Issuer Pledged Interests are fully paid and
nonassessable.

                  4. All notices, statements of accounts, reports, prospectuses,
financial statements and other communications to be sent to the Pledgor by the
Issuer in respect of the Issuer will also be sent to the Pledgee at the
following address:

                                    Wells Fargo Bank, National Association
                                    1740 Broadway
                                    MAC: C7300-034
                                    Denver, Colorado 80209
                                    Attention: Kevin Rapp
                                    Telephone No.: ____________
                                    Telecopier No.: ___________

                  5. Until the Pledgee shall have delivered written notice to
the Issuer that all of the Obligations have been paid in full and this Agreement
is terminated, the Issuer will, upon receiving notice from the Pledgee stating
that an "Event of Default" has occurred and is continuing, send any and all
redemptions, distributions, interest or other payments in respect of the Issuer
Pledged Interests from the Issuer for the account of the Pledgor only by wire
transfers to the following address:

                           _________________________
                           _________________________
                           _________________________
                           ABA No.: _________________________
                           Account in the Name of:  _________
                           Account No.:  ____________________

                  6. Except as expressly provided otherwise in Sections 4 and 5,
all notices, shall be sent or delivered by mail, telegraph, telex, telecopy,
cable or overnight courier service and all such notices and communications
shall, when mailed, telegraphed, telexed, telecopied, or cabled or sent by
overnight courier, be effective when deposited in the mails, delivered to the
telegraph

                                      G-2
<PAGE>

company, cable company or overnight courier, as the case may be, or sent by
telex or telecopier and when mailed shall be effective three Business Days
following deposit in the mail with proper postage, except that notices and
communications to the Pledgee, the Pledgor or the Issuer shall not be effective
until received by the Pledgee, the Pledgor or the Issuer, as the case may be.
All notices and other communications shall be in writing and addressed as
follows:

                  (a)      if to the Pledgor, at:

                           c/o infoUSA Inc.
                           5711 South 86th Circle
                           Omaha, Nebraska 68127
                           Attention: Chief Financial Officer
                           Tel: (402) 593-4500
                           Fax: (402) 331-1505

                  (b)      if to the Pledgee, at:

                           Wells Fargo Bank, National Association
                           1740 Broadway
                           MAC: C7300-034
                           Denver, Colorado 80209
                           Attention: Kevin Rapp
                           Telephone No.: _____________
                           Telecopier No.: _____________

                  (c)      if to the Issuer, at:
                           __________________________
                           __________________________
                           __________________________

or at such other address as shall have been furnished in writing by any Person
described above to the party required to give notice hereunder. As used in this
Section 6, "Business Day" means any day other than a Saturday, Sunday, or other
day in which banks in Minnesota are authorized to remain closed.

                  7. This Agreement shall be binding upon the successors and
assigns of the Pledgor and the Issuer and shall inure to the benefit of and be
enforceable by the Pledgee and its successors and assigns. This Agreement may be
executed in any number of counterparts, each of which shall be an original, but
all of which shall constitute one instrument. In the event that any provision of
this Agreement shall prove to be invalid or unenforceable, such provision shall
be deemed to be severable from the other provisions of this Agreement which
shall remain binding on all parties hereto. None of the terms and conditions of
this Agreement may be changed, waived, modified or varied in the manner
whatsoever except in writing signed by the Pledgee, the Issuer and the Pledgor.

                                      G-3
<PAGE>

                  8. This Agreement shall be governed by and construed in
accordance with the laws of the State of Minnesota, without regard to its
principles of conflict of laws.

                  IN WITNESS WHEREOF, the Pledgor, the Pledgee and the Issuer
have caused this Agreement to be executed by their duly elected officers duly
authorized as of the date first above written.

                                    [_______________________________],
                                         as Pledgor

                                    By________________________________________
                                      Name:
                                      Title:

                                    WELLS FARGO BANK, NATIONAL
                                    ASSOCIATION,
                                       not in its individual capacity but solely
                                       as Collateral Agent and Pledgee

                                    By________________________________________
                                      Name:
                                      Title:

                                    [________________________________],
                                         the Issuer

                                    By_________________________________________
                                      Name:
                                      Title:

                                      G-4
<PAGE>

                                                                         ANNEX H
                                                                              to
                                                                PLEDGE AGREEMENT

                      SECURITIES ACCOUNT CONTROL AGREEMENT

                  This Securities Account Control Agreement dated as of ________
___, 2004 (this "Agreement") is made among _______________________, a
_________________ (the "Debtor"), Wells Fargo Bank, National Association, as
collateral agent for the Secured Parties (the "Collateral Agent") and
________________________, in its capacity as a "securities intermediary" as
defined in Section 8-102 of the UCC (in such capacity, the "Securities
Intermediary"). Capitalized terms used but not defined herein shall have the
meaning assigned thereto in the Pledge Agreement, dated as of March __, 2004,
among the Debtor and the Collateral Agent (as amended, modified or supplemented
from time to time, the "Pledge Agreement"). All references herein to the "UCC"
shall mean the Uniform Commercial Code as in effect in the State of Minnesota.

         SECTION 1. ESTABLISHMENT OF SECURITIES ACCOUNT. The Securities
Intermediary hereby confirms and agrees that:

                  (a) The Securities Intermediary has established account number
         ______________ in the name "_____________" (such account and any
         successor account, the "Securities Account") and the Securities
         Intermediary shall not change the name or account number of the
         Securities Account without the prior written consent of the Collateral
         Agent;

                  (b) All securities or other property underlying any financial
         assets credited to the Securities Account shall be registered in the
         name of the Securities Intermediary, indorsed to the Securities
         Intermediary or in blank or credited to another securities account
         maintained in the name of the Securities Intermediary and in no case
         will any financial asset credited to the Securities Account be
         registered in the name of the Debtor, payable to the order of the
         Debtor or specially indorsed to the Debtor except to the extent the
         foregoing have been specially indorsed to the Securities Intermediary
         or in blank;

                  (c) All property delivered to the Securities Intermediary
         pursuant to the Pledge Agreement will be promptly credited to the
         Securities Account; and

                  (d) The Securities Account is a "securities account" within
         the meaning of Section 8-501 of the UCC.

         SECTION 2. "FINANCIAL ASSETS" ELECTION. The Securities Intermediary
hereby agrees that each item of property (including, without limitation, any
investment property, financial asset, security, instrument, general intangible
or cash) credited to the Securities Account shall be treated as a "financial
asset" within the meaning of Section 8-102(a)(9) of the UCC.

         SECTION 3. CONTROL OF THE SECURITIES ACCOUNT. If at any time the
Securities Intermediary shall receive any order from the Collateral Agent
directing transfer or redemption of any financial asset relating to the
Securities Account, the Securities Intermediary shall comply with such

                                       5
<PAGE>

entitlement order without further consent by the Debtor or any other person. The
Debtor is otherwise entitled to issue entitlement orders and if such orders
conflict with any entitlement order issued by the Collateral Agent, the
Securities Intermediary shall follow the orders issued by the Collateral Agent.

         SECTION 4. SUBORDINATION OF LIEN; WAIVER OF SET-OFF. In the event that
the Securities Intermediary has or subsequently obtains by agreement, by
operation of law or otherwise a security interest in the Securities Account or
any security entitlement credited thereto, the Securities Intermediary hereby
agrees that such security interest shall be subordinate to the security interest
of the Collateral Agent. The financial assets and other items deposited to the
Securities Account will not be subject to deduction, set-off, banker's lien, or
any other right in favor of any person other than the Collateral Agent (except
that the Securities Intermediary may set off (i) all amounts due to the
Securities Intermediary in respect of customary fees and expenses for the
routine maintenance and operation of the Securities Account and (ii) the face
amount of any checks which have been credited to such Securities Account but are
subsequently returned unpaid because of uncollected or insufficient funds).

         SECTION 5. CHOICE OF LAW. This Agreement and the Securities Account
shall each be governed by the laws of the State of Minnesota. Regardless of any
provision in any other agreement, for purposes of the UCC, Minnesota shall be
deemed to be the Securities Intermediary's jurisdiction (within the meaning of
Section 8-110 of the UCC) and the Securities Account (as well as the securities
entitlements related thereto) shall be governed by the laws of the State of
Minnesota.

         SECTION 6. CONFLICT WITH OTHER AGREEMENTS.

                  (a) In the event of any conflict between this Agreement (or
         any portion thereof) and any other agreement now existing or hereafter
         entered into, the terms of this Agreement shall prevail;

                  (b) No amendment or modification of this Agreement or waiver
         of any right hereunder shall be binding on any party hereto unless it
         is in writing and is signed by all of the parties hereto;

                  (c) The Securities Intermediary hereby confirms and agrees
         that:

                           (i) There are no other agreements entered into
                  between the Securities Intermediary and the Debtor with
                  respect to the Securities Account;

                           (ii) It has not entered into, and until the
                  termination of this Agreement, will not enter into, any
                  agreement with any other person relating to the Securities
                  Account and/or any financial assets credited thereto pursuant
                  to which it has agreed to comply with entitlement orders (as
                  defined in Section 8-102(a)(8) of the UCC) of such other
                  person; and

                           (iii) It has not entered into, and until the
                  termination of this Agreement, will not enter into, any
                  agreement with the Debtor or the Collateral Agent

                                       6
<PAGE>

                  purporting to limit or condition the obligation of the
                  Securities Intermediary to comply with entitlement orders as
                  set forth in Section 3 hereof.

         SECTION 7. ADVERSE CLAIMS. Except for the claims and interest of the
Collateral Agent and of the Debtor in the Securities Account, the Securities
Intermediary does not know of any claim to, or interest in, the Securities
Account or in any "financial asset" (as defined in Section 8-102(a) of the UCC)
credited thereto. If any person asserts any lien, encumbrance or adverse claim
(including any writ, garnishment, judgment, warrant of attachment, execution or
similar process) against the Securities Account or in any financial asset
carried therein, the Securities Intermediary will promptly notify the Collateral
Agent and the Debtor thereof.

         SECTION 8. MAINTENANCE OF SECURITIES ACCOUNT. In addition to, and not
in lieu of, the obligation of the Securities Intermediary to honor entitlement
orders as agreed in Section 3 hereof, the Securities Intermediary agrees to
maintain the Securities Account as follows:

                  (a) Notice of Sole Control. If at any time the Collateral
         Agent delivers to the Securities Intermediary a Notice of Sole Control
         in substantially the form set forth in Exhibit A hereto, the Securities
         Intermediary agrees that after receipt of such notice, it will take all
         instruction with respect to the Securities Account solely from the
         Collateral Agent.

                  (b) Voting Rights. Until such time as the Securities
         Intermediary receives a Notice of Sole Control pursuant to subsection
         (a) of this Section 8, the Debtor shall direct the Securities
         Intermediary with respect to the voting of any financial assets
         credited to the Securities Account.

                  (c) Permitted Investments. Until such time as the Securities
         Intermediary receives a Notice of Sole Control signed by the Collateral
         Agent, the Debtor shall direct the Securities Intermediary with respect
         to the selection of investments to be made for the Securities Account;
         provided, however, that the Securities Intermediary shall not honor any
         instruction to purchase any investments other than investments of a
         type described on Exhibit B hereto.

                  (d) Statements and Confirmations. The Securities Intermediary
         will promptly send copies of all statements, confirmations and other
         correspondence concerning the Securities Account and/or any financial
         assets credited thereto simultaneously to each of the Debtor and the
         Collateral Agent at the address for each set forth in Section 12 of
         this Agreement.

                  (e) Tax Reporting. All items of income, gain, expense and loss
         recognized in the Securities Account shall be reported to the Internal
         Revenue Service and all state and local taxing authorities under the
         name and taxpayer identification number of the Debtor.

         SECTION 9. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SECURITIES
INTERMEDIARY. The Securities Intermediary hereby makes the following
representations, warranties and covenants:

                                       7
<PAGE>

                  (a) The Securities Account has been established as set forth
         in Section I above and such Securities Account will be maintained in
         the manner set forth herein until termination of this Agreement; and

                  (b) This Agreement is the valid and legally binding
         obligations of the Securities Intermediary.

         SECTION 10. INDEMNIFICATION OF SECURITIES INTERMEDIARY. The Debtor and
the Collateral Agent hereby agree that (a) the Securities Intermediary is
released from any and all liabilities to the Debtor and the Collateral Agent
arising from the terms of this Agreement and the compliance of the Securities
Intermediary with the terms hereof, except to the extent that such liabilities
arise from the Securities Intermediary's negligence and (b) the Debtor, its
successors and assigns shall at all times indemnify and save harmless the
Securities Intermediary from and against any and all claims, actions and suits
of others arising out of the terms of this Agreement or the compliance of the
Securities Intermediary with the terms hereof, except to the extent that such
arises from the Securities Intermediary's negligence, and from and against any
and all liabilities, losses, damages, costs, charges, counsel fees and other
expenses of every nature and character arising by reason of the same, until the
termination of this Agreement.

         SECTION 11. SUCCESSORS; ASSIGNMENT. The terms of this Agreement shall
be binding upon, and shall inure to the benefit of, the parties hereto and their
respective corporate successors or heirs and personal representatives who obtain
such rights solely by operation of law. The Collateral Agent may assign its
rights hereunder only with the express written consent of the Securities
Intermediary and by sending written notice of such assignment to the Debtor.

         SECTION 12. NOTICES. Any notice, request or other communication
required or permitted to be given under this Agreement shall be in writing and
deemed to have been properly given when delivered in person, or when sent by
telecopy or other electronic means and electronic confirmation of error free
receipt is received or two (2) days after being sent by certified or registered
United States mail, return receipt requested, postage prepaid, addressed to the
party at the address set forth below.

         Debtor:                    c/o infoUSA Inc.
                                    5711 South 86th Circle
                                    Omaha, Nebraska 68127
                                    Attention: Chief Financial Officer
                                    Telephone: (402) 593-4500
                                    Telecopier: (402) 331-1505

         Collateral Agent:          Wells Fargo Bank, National Association
                                    1740 Broadway
                                    MAC C7300-034
                                    Denver, Colorado 80209
                                    Attention: Kevin Rapp
                                    Telecopier: _____________

                                       8
<PAGE>

         Financial Institution:     __________________________
                                   ___________________________
                                   ___________________________
                                   Attention: ________________
                                   Telecopier: _______________

Any party may change its address for notices in the manner set forth above.

         SECTION 13. TERMINATION. The obligations of the Securities Intermediary
to the Collateral Agent pursuant to this Agreement shall continue in effect
until the security interest of the Collateral Agent in the Securities Account
has been terminated pursuant to the terms of the Pledge Agreement and the
Collateral Agent has notified the Securities Intermediary of such termination in
writing. The Collateral Agent agrees to provide Notice of Termination in
substantially the form of Exhibit C hereto to the Securities Intermediary upon
the request of the Debtor on or after the termination of the Collateral Agent's
security interest in the Securities Account pursuant to the terms of the Pledge
Agreement. The termination of this Agreement shall not terminate the Securities
Account or alter the obligations of the Securities Intermediary to the Debtor
pursuant to any other agreement with respect to the Securities Account.

         SECTION 14. COUNTERPARTS. This Agreement may be executed in any number
of counterparts, all of which shall constitute one and the same instrument, and
any party hereto may execute this Agreement by signing and delivering one or
more counterparts.

                                       9
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Securities
Account Control Agreement to be executed as of the date first above written by
their respective officers thereunto duly authorized.

                                    _______________________________________

                                    By: ___________________________________
                                    Name: _________________________________
                                    Title:_________________________________

                                    ___________________________, as Securities
                                    Intermediary

                                    By: _____________________________________
                                    Name: ___________________________________
                                    Title:____________________________________

                                    WELLS FARGO BANK, NATIONAL ASSOCIATION, as
                                    Collateral Agent

                                    By: ________________________________
                                    Name: ______________________________
                                    Title:________________________________

<PAGE>

                                    EXHIBIT A

                     TO SECURITIES ACCOUNT CONTROL AGREEMENT

[Letterhead of Collateral Agent]

[Date]

[Name and Address of Financial Institution]

Attention:

Re: Notice of Sole Control

Ladies and Gentlemen:

         As referenced in the Securities Account Control Agreement dated as of
__________ __, 2004, among ____________________, you and the undersigned (a copy
of which is attached), we hereby give you notice of our sole control over
securities account number [ACCOUNT NUMBER] (the "Securities Account") and all
financial assets credited thereto. You are hereby instructed not to accept any
direction, instructions or entitlement orders with respect to the Securities
Account or the financial assets credited thereto from any person other than the
undersigned, unless otherwise ordered by a court of competent jurisdiction. You
are instructed to deliver a copy of this notice by facsimile transmission to
[NAME OF DEBTOR].

                                   Very truly yours,

                                   Wells Fargo Bank, National Association, as
                                   Collateral Agent

                                   By:__________________________________________

                                   Name:________________________________________

                                   Title:_______________________________________

cc: [NAME OF THE DEBTOR]

<PAGE>

                                    EXHIBIT B

                     TO SECURITIES ACCOUNT CONTROL AGREEMENT

Permitted Investments

<PAGE>

                                    EXHIBIT C

                     TO SECURITIES ACCOUNT CONTROL AGREEMENT

[Letterhead of the Collateral Agent]

[Date]

[Name and Address of Financial Institution]

Attention:

Re: Termination of Securities Account Control Agreement

         You are hereby notified that the Securities Account Control Agreement
dated as of ____________ among you, ___________________ (the "Debtor") and the
undersigned (a copy of which is attached) is terminated and you have no further
obligations to the undersigned pursuant to such Agreement. Notwithstanding any
previous instructions to you, you are hereby instructed to accept all future
directions with respect to [ACCOUNT NUMBER(S)] from the Debtor. This notice
terminates any obligations you may have to the undersigned with respect to such
account, however nothing contained in this notice shall alter any obligations
which you may otherwise owe to the Debtor pursuant to any other agreement.

         You are instructed to deliver a copy of this notice by facsimile
transmission to the Debtor.

                                   Very truly yours,

                                   Wells Fargo Bank, National Association., as
                                   Collateral Agent

                                   By:__________________________________________

                                   Name:________________________________________

                                   Title:_______________________________________

<PAGE>

                                                                         ANNEX I
                                                                              to
                                                                PLEDGE AGREEMENT

                        DEPOSIT ACCOUNT CONTROL AGREEMENT

         This Deposit Account Control Agreement dated as of March __, 2004 (this
"Agreement") is made among _________________ (the "Debtor"), Wells Fargo Bank,
National Association, as collateral agent for the Secured Parties (the
"Collateral Agent") and ____________________, in its capacity as a "bank" as
defined in Section 9-102 of the UCC (in such capacities, the "Financial
Institution"). Capitalized terms used but not defined herein shall have the
meaning assigned thereto in the Pledge Agreement, dated as of the date hereof,
among the Debtor and the Collateral Agent (as amended, modified or supplemented
from time to time, the "Pledge Agreement"). All references herein to the "UCC"
shall mean the Uniform Commercial Code as in effect in the State of Minnesota.

         SECTION 1. ESTABLISHMENT OF DEPOSIT ACCOUNT. The Financial Institution
hereby confirms and agrees that:

                  (a) The Financial Institution has established account number
         ________________ in the name "___________________" (such account and
         any successor account, the "Deposit Account") and the Financial
         Institution shall not change the name or account number of the Deposit
         Account without the prior written consent of the Collateral Agent; and

                  (b) The Deposit Account is a "deposit account" within the
         meaning of Section 9-102(a)(29) of the UCC.

         SECTION 2. CONTROL OF THE DEPOSIT ACCOUNT. If at any time the Financial
Institution shall receive any instructions originated by the Collateral Agent
directing the disposition of funds in the Deposit Account, the Financial
Institution shall comply with such instructions without further consent by the
Debtor or any other person. The Financial Institution hereby acknowledges that
for purposes of Section 9-309 of the Minnesota Uniform Commercial Code it has
received notice of the security interest of the Collateral Agent in the Deposit
Account and hereby acknowledges and consents to such lien.

         SECTION 3. SUBORDINATION OF LIEN; WAIVER OF SET-OFF. In the event that
the Financial Institution has or subsequently obtains by agreement, by operation
of law or otherwise a security interest in the Deposit Account or any funds
credited thereto, the Financial Institution hereby agrees that such security
interest shall be subordinate to the security interest of the Collateral Agent.
Money and other items credited to the Deposit Account will not be subject to
deduction, set-off, banker's lien, or any other right in favor of any person
other than the Collateral Agent (except that the Financial Institution may set
off (i) all amounts due to the Financial Institution in respect of customary
fees and expenses for the routine maintenance and operation of the Deposit
Account and (ii) the face amount of any checks which have been credited to such
Deposit Account but are subsequently returned unpaid because of uncollected or
insufficient funds).

<PAGE>

         SECTION 4. CHOICE OF LAW. This Agreement and the Deposit Account shall
each be governed by the laws of the State of Minnesota. Regardless of any
provision in any other agreement, for purposes of the UCC, Minnesota shall be
deemed to be the Financial Institution's jurisdiction (within the meaning of
Section 9-304 of the UCC) and the Deposit Account shall be governed by the laws
of the State of Minnesota.

         SECTION 5. CONFLICT WITH OTHER AGREEMENTS.

                  (a) In the event of any conflict between this Agreement (or
         any portion thereof) and any other agreement now existing or hereafter
         entered into, the terms of this Agreement shall prevail;

                  (b) No amendment or modification of this Agreement or waiver
         of any right hereunder shall be binding on any party hereto unless it
         is in writing and is signed by all of the parties hereto; and

                  (c) The Financial Institution hereby confirms and agrees that:

                           (i) There are no other agreements entered into
                  between the Financial Institution and the Debtor with respect
                  to the Deposit Account; and

                           (ii) It has not entered into, and until the
                  termination of this Agreement, will not enter into, any
                  agreement with any other person relating the Deposit Account
                  and/or any funds credited thereto pursuant to which it has
                  agreed to comply with instructions originated by such persons
                  as contemplated by Section 9-104 of the UCC.

         SECTION 6. ADVERSE CLAIMS. The Financial Institution does not know of
any liens, claims or encumbrances relating to the Deposit Account. If any person
asserts any lien, encumbrance or adverse claim (including any writ, garnishment,
judgment, warrant of attachment, execution or similar process) against the
Deposit Account, the Financial Institution will promptly notify the Collateral
Agent and the Debtor thereof.

         SECTION 7. MAINTENANCE OF DEPOSIT ACCOUNT. In addition to, and not in
lieu of, the obligation of the Financial Institution to honor instructions as
set forth in Section 2 hereof, the Financial Institution agrees to maintain the
Deposit Account as follows:

                  (a) STATEMENTS AND CONFIRMATIONS. The Financial Institution
         will promptly send copies of all statements, confirmations and other
         correspondence concerning the Deposit Account simultaneously to each of
         the Debtor and the Collateral Agent at the address for each set forth
         in Section 11 of this Agreement; and

                  (b) TAX REPORTING. All interest, if any, relating to the
         Deposit Account, shall be reported to the Internal Revenue Service and
         all state and local taxing authorities under the name and taxpayer
         identification number of the Debtor.

<PAGE>

         SECTION 8. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE FINANCIAL
INSTITUTION. The Financial Institution hereby makes the following
representations, warranties and covenants:

                  (a) The Deposit Account has been established as set forth in
         Section 1 and such Deposit Account will be maintained in the manner set
         forth herein until termination of this Agreement; and

                  (b) This Agreement is the valid and legally binding
         obligations of the Financial Institution.

         SECTION 9. INDEMNIFICATION OF FINANCIAL INSTITUTION. The Debtor and the
Collateral Agent hereby agree that (a) the Financial Institution is released
from any and all liabilities to the Debtor and the Collateral Agent arising from
the terms of this Agreement and the compliance of the Financial Institution with
the terms hereof, except to the extent that such liabilities arise from the
Financial Institution's negligence and (b) the Debtor, its successors and
assigns shall at all times indemnify and save harmless the Financial Institution
from and against any and all claims, actions and suits of others arising out of
the terms of this Agreement or the compliance of the Financial Institution with
the terms hereof, except to the extent that such arises from the Financial
Institution's negligence, and from and against any and all liabilities, losses,
damages, costs, charges, counsel fees and other expenses of every nature and
character arising by reason of the same, until the termination of this
Agreement.

         SECTION 10. SUCCESSORS; ASSIGNMENT. The terms of this Agreement shall
be binding upon, and shall inure to the benefit of, the parties hereto and their
respective corporate successors or heirs and personal representatives who obtain
such rights solely by operation of law. The Collateral Agent may assign its
rights hereunder only with the express written consent of the Financial
Institution and by sending written notice of such assignment to the Debtor.

         SECTION 11. NOTICES. Any notice, request or other communication
required or permitted to be given under this Agreement shall be in writing and
deemed to have been properly given when delivered in person, or when sent by
telecopy or other electronic means and electronic confirmation of error free
receipt is received or two (2) days after being sent by certified or registered
United States mail, return receipt requested, postage prepaid, addressed to the
party at the address set forth below.

         Debtor:                 infoUSA Inc.
                                 5711 S. 86th Circle
                                 Omaha, Nebraska 68127
                                 Attention: Chief Financial Officer
                                 Telecopier: (402) 592-4006

         Collateral Agent:       Wells Fargo Bank, National Association
                                 1740 Broadway
                                 MAC C7300-034
                                 Denver, Colorado 80209
                                 Attention: Kevin Rapp

<PAGE>

                                 Telecopier: _____________

         Financial Institution:  ____________________________
                                 ____________________________
                                 ____________________________
                                 Attention: _________________
                                 Telecopier: ________________

Any party may change its address for notices in the manner set forth above.

         SECTION 12. TERMINATION. The obligations of the Financial Institution
to the Collateral Agent pursuant to this Agreement shall continue in effect
until the security interest of the Collateral Agent in the Deposit Account has
been terminated pursuant to the terms of the Pledge Agreement and the Collateral
Agent has notified the Financial Institution of such termination in writing. The
Collateral Agent agrees to provide Notice of Termination in substantially the
form of Exhibit A hereto to the Financial Institution upon the request of the
Debtor on or after the termination of the Collateral Agent's security interest
in the Deposit Account pursuant to the terms of the Pledge Agreement. The
termination of this Agreement shall not terminate the Deposit Account or alter
the obligations of the Financial Institution to the Debtor pursuant to any other
agreement with respect to the Deposit Account.

         SECTION 13. COUNTERPARTS. This Agreement may be executed in any number
of counterparts, all of which shall constitute one and the same instrument, and
any party hereto may execute this Agreement by signing and delivering one or
more counterparts.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Deposit Account
Control Agreement to be executed as of the date first above written by their
respective officers thereunto duty authorized.

                                    ____________________________________________

                                    By: ________________________________________
                                    Name: ______________________________________
                                    Title:______________________________________

                                    ____________________________________________

                                    By: ________________________________________
                                    Name: ______________________________________
                                    Title:______________________________________

                                    WELLS FARGO BANK, NATIONAL ASSOCIATION, as
                                    Collateral Agent

                                    By: ________________________________________
                                    Name: ______________________________________
                                    Title: _____________________________________

<PAGE>

                                    EXHIBIT A

                      TO DEPOSIT ACCOUNT CONTROL AGREEMENT

[Letterhead of the Collateral Agent]

[Date]

[Name and Address of Financial Institution]

Attention:

Re: Termination of Deposit Account Control Agreement

         You are hereby notified that the Deposit Account Control Agreement
dated as of ____________, 2004 among ____________________ (the "Debtor"), you
and the undersigned (a copy of which is attached) is terminated and you have no
further obligations to the undersigned pursuant to such Agreement.
Notwithstanding any previous instructions to you, you are hereby instructed to
accept all future directions with respect to account number(s) from the Debtor.
This notice terminates any obligations you may have to the undersigned with
respect to such account, however nothing contained in this notice shall alter
any obligations which you may otherwise owe to the Debtor pursuant to any other
agreement.

         You are instructed to deliver a copy of this notice by facsimile
transmission to the Debtor.

                                    Very truly yours,

                                    Wells Fargo Bank, National Association, as
                                    Collateral Agent

                                    By:_________________________________________

                                    Name:_______________________________________

                                    Title:______________________________________

                                       I-2<PAGE>

                              SUBSIDIARIES GUARANTY

                  THIS SUBSIDIARIES GUARANTY, dated as of March 25, 2004 (as
amended, modified or supplemented from time to time, this "Guaranty"), is made
by each of the undersigned guarantors (each a "Guarantor," and together with any
other entity that becomes a guarantor hereunder pursuant to Section 26 hereof,
the "Guarantors"). Except as otherwise defined herein, capitalized terms used
herein and defined in the Credit Agreement (as defined below) shall be used
herein as therein defined.

                  WHEREAS, infoUSA Inc. (the "Borrower"), the financial
institutions from time to time party thereto in the capacity of a lender (in
such capacity, the "Lenders"), and Wells Fargo Bank, National Association, as
administrative agent (together with any successor administrative agent, the
"Administrative Agent"), have entered into a Credit Agreement, dated as of March
25, 2004 (as amended, modified, or supplemented from time to time, the "Credit
Agreement"), providing for the making of Loans to, and the issuance of Letters
of Credit for the account of, the Borrower as contemplated therein (the Lenders,
the Collateral Agent, the Issuing Lender and the Administrative Agent are herein
called the "Lender Creditors");

                  WHEREAS, the Borrower may at any time and from time to time
enter into one or more Interest Rate Protection Agreements or Other Hedging
Agreements with one or more Lenders or any affiliate thereof (each such Lender
or affiliate, even if the respective Lender subsequently ceases to be a Lender
under the Credit Agreement for any reason, together with such Lender's or
affiliate's successors and assigns, if any, collectively, the "Other Creditors,"
and together with the Lender Creditors, the "Secured Creditors");

                  WHEREAS, each Guarantor is a direct or indirect Subsidiary of
the Borrower;

                  WHEREAS, it is a condition to the making of Loans to, and the
issuance of Letters of Credit for the account of, the Borrower under the Credit
Agreement that each Guarantor shall have executed and delivered this Guaranty;
and

                  WHEREAS, each Guarantor will obtain benefits from the
incurrence of Loans to, and the issuance of Letters of Credit for the account
of, the Borrower under the Credit Agreement and the entering into by the
Borrower of Interest Rate Protection Agreements or Other Hedging Agreements and,
accordingly, desires to execute this Guaranty in order to satisfy the conditions
described in the preceding paragraph;

                  NOW, THEREFORE, in consideration of the foregoing and other
benefits accruing to each Guarantor, the receipt and sufficiency of which are
hereby acknowledged, each

<PAGE>

                  Guarantor hereby makes the following representations and
warranties to the Secured Creditors and hereby covenants and agrees with each
Secured Creditor as follows:

                  1.       Each Guarantor, jointly and severally, irrevocably,
absolutely and unconditionally guarantees: (i) to the Lender Creditors the full
and prompt payment when due (whether at the stated maturity, by acceleration or
otherwise) of (x) the principal of, premium, if any, and interest on the Notes
issued by, and the Loans made to, the Borrower under the Credit Agreement, and
all reimbursement obligations and Unpaid Drawings with respect to Letters of
Credit issued under the Credit Agreement and (y) all other obligations
(including obligations which, but for the automatic stay under Section 362(a) of
the Bankruptcy Code, would become due), liabilities and indebtedness owing by
the Borrower to the Lender Creditors under the Credit Agreement and any other
Credit Document to which the Borrower is a party (including, without limitation,
indemnities, Fees and interest thereon), whether now existing or hereafter
incurred under, arising out of or in connection with the Credit Agreement and
any such other Credit Document and the due performance and compliance by the
Borrower with all of the terms, conditions and agreements contained in all such
Credit Documents (all such principal, premium, interest, liabilities,
indebtedness and obligations being herein collectively called the "Credit
Document Obligations"); and (ii) to each Other Creditor the full and prompt
payment when due (whether at the stated maturity, by acceleration or otherwise)
of all obligations (including obligations which, but for the automatic stay
under Section 362(a) of the Bankruptcy Code, would become due), liabilities and
indebtedness owing by the Borrower under any Interest Rate Protection Agreement
and Other Hedging Agreement, whether now in existence or hereafter arising, and
the due performance and compliance by the Borrower with all of the terms,
conditions and agreements contained in the Interest Rate Protection Agreements
and Other Hedging Agreements (all such obligations, liabilities and indebtedness
being herein collectively called the "Other Obligations," and together with the
Credit Document Obligations, the "Guaranteed Obligations"). Each Guarantor
understands, agrees and confirms that the Secured Creditors may enforce this
Guaranty up to the full amount of the Guaranteed Obligations against such
Guarantor without proceeding against any other Guarantor, the Borrower, against
any security for the Guaranteed Obligations, or under any other guaranty
covering all or a portion of the Guaranteed Obligations.

                  2.       Additionally, each Guarantor, jointly and severally,
unconditionally, absolutely and irrevocably, guarantees the payment of any and
all Guaranteed Obligations whether or not due or payable by the Borrower upon
the occurrence in respect of the Borrower of any of the events specified in
Section 11.1(e) of the Credit Agreement, and unconditionally and irrevocably,
jointly and severally, promises to pay such Guaranteed Obligations to the
Secured Creditors, or order, on demand, in legal tender of the United States.
This Guaranty shall constitute a guaranty of payment, and not of collection.

                  3.       The liability of each Guarantor hereunder is primary,
absolute and unconditional and is exclusive and independent of any security for
or other guaranty of the indebtedness of the Borrower whether executed by such
Guarantor, any other

                                      -2-
<PAGE>

Guarantor, any other guarantor or by any other party, and the liability of each
Guarantor hereunder shall not be affected or impaired by any circumstance or
occurrence whatsoever, including, without limitation: (a) any direction as to
application of payment by the Borrower or by any other party, (b) any other
continuing or other guaranty, undertaking or maximum liability of a guarantor or
of any other party as to the Guaranteed Obligations, (c) any payment on or in
reduction of any such other guaranty or undertaking, (d) any dissolution,
termination or increase, decrease or change in personnel by the Borrower, (e)
any payment made to any Secured Creditor on the indebtedness which any Secured
Creditor repays the Borrower pursuant to court order in any bankruptcy,
reorganization, arrangement, moratorium or other debtor relief proceeding, and
each Guarantor waives any right to the deferral or modification of its
obligations hereunder by reason of any such proceeding, (f) any action or
inaction by the Secured Creditors as contemplated in Section 6 hereof or (g) any
invalidity, irregularity or unenforceability of all or any part of the
Guaranteed Obligations or of any security therefor.

                  4.       The obligations of each Guarantor hereunder are
independent of the obligations of any other Guarantor, any other guarantor or
the Borrower, and a separate action or actions may be brought and prosecuted
against each Guarantor whether or not action is brought against any other
Guarantor, any other guarantor or the Borrower and whether or not any other
Guarantor, any other guarantor or the Borrower be joined in any such action or
actions. Each Guarantor waives, to the fullest extent permitted by law, the
benefits of any statute of limitations affecting its liability hereunder or the
enforcement thereof. Any payment by the Borrower or other circumstance which
operates to toll any statute of limitations as to the Borrower shall operate to
toll the statute of limitations as to each Guarantor.

                  5.       Each Guarantor hereby waives notice of acceptance of
this Guaranty and notice of any liability to which it may apply, and waives
promptness, diligence, presentment, demand of payment, protest, notice of
dishonor or nonpayment of any such liabilities, suit or taking of other action
by the Administrative Agent or any other Secured Creditor against, and any other
notice to, any party liable thereon (including such Guarantor, any other
Guarantor, any other guarantor or the Borrower)

                  6.       Any Secured Creditor may at any time and from time to
time without the consent of, or notice to, any Guarantor, without incurring
responsibility to such Guarantor, without impairing or releasing the obligations
of such Guarantor hereunder, upon or without any terms or conditions and in
whole or in part:

                  (a)      change the manner, place or terms of payment of,
         and/or change, increase or extend the time of payment of, renew or
         alter, any of the Guaranteed Obligations (including any increase or
         decrease in the rate of interest thereon), any security therefor, or
         any liability incurred directly or indirectly in respect thereof, and
         the guaranty herein made shall apply to the Guaranteed Obligations as
         so changed, extended, renewed or altered;

                  (b)      take and hold security for the payment of the
         Guaranteed Obligations and sell, exchange, release, surrender, impair,
         realize upon or

                                      -3-
<PAGE>

         otherwise deal with in any manner and in any order any property by
         whomsoever at any time pledged or mortgaged to secure, or howsoever
         securing, the Guaranteed Obligations or any liabilities (including any
         of those hereunder) incurred directly or indirectly in respect thereof
         or hereof, and/or any offset thereagainst;

                  (c)      exercise or refrain from exercising any rights
         against the Borrower, any other Credit Party, any Subsidiary thereof or
         otherwise act or refrain from acting;

                  (d)      release or substitute any one or more endorsers,
         Guarantors, other guarantors, the Borrower or other obligors;

                  (e)      settle or compromise any of the Guaranteed
         Obligations, any security therefor or any liability (including any of
         those hereunder) incurred directly or indirectly in respect thereof or
         hereof, and may subordinate the payment of all or any part thereof to
         the payment of any liability (whether due or not) of the Borrower to
         creditors of the Borrower other than the Secured Creditors;

                  (f)      apply any sums by whomsoever paid or howsoever
         realized to any liability or liabilities of the Borrower to the Secured
         Creditors regardless of what liabilities of the Borrower remain unpaid;

                  (g)      consent to or waive any breach of, or any act,
         omission or default under, any of the Interest Rate Protection
         Agreements or Other Hedging Agreements, the Credit Documents or any of
         the instruments or agreements referred to therein, or otherwise amend,
         modify or supplement any of the Interest Rate Protection Agreements or
         Other Hedging Agreements, the Credit Documents or any of such other
         instruments or agreements;

                  (h)      act or fail to act in any manner referred to in this
         Guaranty which may deprive such Guarantor of its right to subrogation
         against the Borrower to recover full indemnity for any payments made
         pursuant to this Guaranty; and/or

                  (i)      take any other action which would, under otherwise
         applicable principles of common law, give rise to a legal or equitable
         discharge of such Guarantor from its liabilities under this Guaranty.

                  7.       This Guaranty is a continuing one and all liabilities
to which it applies or may apply under the terms hereof shall be conclusively
presumed to have been created in reliance hereon. No failure or delay on the
part of any Secured Creditor in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein expressly specified are cumulative and not
exclusive of any rights or remedies which any Secured Creditor would otherwise
have. No notice to or demand on any Guarantor in any case shall entitle such
Guarantor to any other further

                                      -4-
<PAGE>

notice or demand in similar or other circumstances or constitute a waiver of the
rights of any Secured Creditor to any other or further action in any
circumstances without notice or demand. It is not necessary for any Secured
Creditor to inquire into the capacity or powers of the Borrower or the officers,
directors, partners or agents acting or purporting to act on its behalf, and any
indebtedness made or created in reliance upon the professed exercise of such
powers shall be guaranteed hereunder.

                  8.       Any indebtedness of the Borrower now or hereafter
held by any Guarantor is hereby subordinated to the indebtedness of the Borrower
to the Secured Creditors, and such indebtedness of the Borrower to any
Guarantor, if the Administrative Agent or the Collateral Agent, after the
occurrence and during the continuance of an Event of Default, so requests, shall
be collected, enforced and received by such Guarantor as trustee for the Secured
Creditors and be paid over to the Secured Creditors on account of the
indebtedness of the Borrower to the Secured Creditors, but without affecting or
impairing in any manner the liability of such Guarantor under the other
provisions of this Guaranty. Without limiting the generality of the foregoing,
each Guarantor hereby agrees with the Secured Creditors that it will not
exercise any right of subrogation which it may at any time otherwise have as a
result of this Guaranty (whether contractual, under Section 509 of the
Bankruptcy Code or otherwise) until all Guaranteed Obligations have been
irrevocably paid in full in cash.

                  9.       (a)      Each Guarantor waives any right (except as
         shall be required by applicable law and cannot be waived) to require
         the Secured Creditors to: (i) proceed against the Borrower, any other
         Guarantor, any other guarantor of the Guaranteed Obligations or any
         other party; (ii) proceed against or exhaust any security held from the
         Borrower, any other Guarantor, any other guarantor of the Guaranteed
         Obligations or any other party; or (iii) pursue any other remedy in the
         Secured Creditors' power whatsoever. Each Guarantor waives any defense
         based on or arising out of any defense of the Borrower, any other
         Guarantor, any other guarantor of the Guaranteed Obligations or any
         other party other than payment in full of the Guaranteed Obligations,
         including, without limitation, any defense based on or arising out of
         the disability of the Borrower, any other Guarantor, any other
         guarantor of the Guaranteed Obligations or any other party, or the
         unenforceability of the Guaranteed Obligations or any part thereof from
         any cause, or the cessation from any cause of the liability of the
         Borrower other than payment in full of the Guaranteed Obligations. The
         Secured Creditors may, at their election, foreclose on any security
         held by the Administrative Agent, the Collateral Agent or the other
         Secured Creditors by one or more judicial or nonjudicial sales, whether
         or not every aspect of any such sale is commercially reasonable, or
         exercise any other right or remedy the Secured Creditors may have
         against the Borrower or any other party, or any security, without
         affecting or impairing in any way the liability of any Guarantor
         hereunder except to the extent the Guaranteed Obligations have been
         paid in full in cash. Each Guarantor waives any defense arising out of
         any such election by the Secured Creditors, even though such election
         operates to impair or extinguish any right of reimbursement or
         subrogation or other right or remedy of such Guarantor against the
         Borrower or any other party or any security.

                                      -5-
<PAGE>

                  (b)      Each Guarantor waives all presentments, demands for
         performance, protests and notices, including, without limitation,
         notices of nonperformance, notices of protest, notices of dishonor,
         notices of acceptance of this Guaranty, and notices of the existence,
         creation or incurring of new or additional indebtedness. Each Guarantor
         assumes all responsibility for being and keeping itself informed of the
         Borrower's financial condition and assets, and of all other
         circumstances bearing upon the risk of nonpayment of the Guaranteed
         Obligations and the nature, scope and extent of the risks which such
         Guarantor assumes and incurs hereunder, and agrees that the Secured
         Creditors shall have no duty to advise any Guarantor of information
         known to them regarding such circumstances or risks.

                  10.      The Secured Creditors agree that this Guaranty may be
enforced only by the action of the Administrative Agent or the Collateral Agent,
in each case acting upon the instructions of the Required Lenders (or, after the
date on which all Credit Document Obligations have been paid in full, the
holders of at least the majority of the outstanding Other Obligations) and that
no other Secured Creditors shall have any right individually to seek to enforce
or to enforce this Guaranty or to realize upon the security to be granted by the
Security Documents, it being understood and agreed that such rights and remedies
may be exercised by the Administrative Agent or the Collateral Agent or, after
all the Credit Document Obligations have been paid in full, by the holders of at
least a majority of the outstanding Other Obligations, as the case may be, for
the benefit of the Secured Creditors upon the terms of this Guaranty and the
Security Documents. The Secured Creditors further agree that this Guaranty may
not be enforced against any director, officer, employee, partner, member or
stockholder of any Guarantor (except to the extent such partner, member or
stockholder is also a Guarantor hereunder).

                  11.      In order to induce the Lenders to make Loans to, and
issue Letters of Credit for the account of, the Borrower pursuant to the Credit
Agreement, and in order to induce the Other Creditors to execute, deliver and
perform the Interest Rate Protection Agreements and Other Hedging Agreements,
each Guarantor represents, warrants and covenants that:

                  (a)      Such Guarantor (i) is a duly organized and validly
         existing corporation, partnership or limited liability company, as the
         case may be, in good standing under the laws of the jurisdiction of its
         organization, (ii) has the corporate, partnership or limited liability
         company, power and authority, as the case may be, to own its property
         and assets and to transact the business in which it is engaged and
         presently proposes to engage and (iii) is duly qualified and is
         authorized to do business and is in good standing in each jurisdiction
         where the conduct of its business requires such qualification except
         for failures to be so qualified which, individually or in the
         aggregate, could not reasonably be expected to have a Material Adverse
         Effect.

                  (b)      Such Guarantor has the corporate, partnership or
         limited liability company, power and authority, as the case may be, to
         execute, deliver and perform the terms and provisions of this Guaranty
         and each other Credit

                                      -6-
<PAGE>

         Document to which it is a party and has taken all necessary corporate,
         partnership or limited liability company, action, as the case may be,
         to authorize the execution, delivery and performance by it of this
         Guaranty and each such other Credit Document. Such Guarantor has duly
         executed and delivered this Guaranty and each other Credit Document to
         which it is a party, and this Guaranty and each such other Credit
         Document constitutes the legal, valid and binding obligation of such
         Guarantor enforceable in accordance with its terms, except to the
         extent that the enforceability hereof or thereof may be limited by
         applicable bankruptcy, insolvency, reorganization, moratorium or other
         similar laws generally affecting creditors' rights and by equitable
         principles (regardless of whether enforcement is sought in equity or at
         law).

                  (c)      Neither the execution, delivery or performance by
         such Guarantor of this Guaranty or any other Credit Document to which
         it is a party, nor compliance by it with the terms and provisions
         hereof and thereof, will (i) contravene any provision of any applicable
         law, statute, rule or regulation or any applicable order, writ,
         injunction or decree of any court or governmental instrumentality, (ii)
         conflict with or result in any breach of any of the terms, covenants,
         conditions or provisions of, or constitute a default under, or result
         in the creation or imposition of (or the obligation to create or
         impose) any Lien (except pursuant to the Security Documents) upon any
         of the property or assets of such Guarantor or any of its Subsidiaries
         pursuant to the terms of any indenture, mortgage, deed of trust, loan
         agreement, credit agreement, or any other material agreement, contract
         or instrument to which such Guarantor or any of its Subsidiaries is a
         party or by which it or any of its property or assets is bound or to
         which it may be subject or (iii) violate any provision of the
         certificate of incorporation or by-laws (or equivalent organizational
         documents) of such Guarantor or any of its Subsidiaries.

                  (d)      No order, consent, approval, license, authorization
         or validation of, or filing, recording or registration with (except as
         have been obtained or made) or exemption by, any governmental or public
         body or authority, or any subdivision thereof, is required to
         authorize, or is required for, (i) the execution, delivery and
         performance of this Guaranty by such Guarantor or any other Credit
         Document to which such Guarantor is a party or (ii) the legality,
         validity, binding effect or enforceability of this Guaranty or any
         other Credit Document to which such Guarantor is a party.

                  (e)      There are no actions, suits or proceedings pending
         or, to such Guarantor's knowledge, threatened (i) with respect to this
         Guaranty or any other Credit Document to which such Guarantor is a
         party or (ii) with respect to such Guarantor or any of its Subsidiaries
         that, either individually or in the aggregate, could reasonably be
         expected to have a Material Adverse Effect.

                  12.      Each Guarantor covenants and agrees that on and after
the Effective Date and until the termination of the Total Commitment and all
Interest Rate Protection Agreements and Other Hedging Agreements and until such
time as no Note or

                                      -7-
<PAGE>

Letter of Credit remains outstanding and all Guaranteed Obligations have been
paid in full, such Guarantor will comply, and will cause each of its
Subsidiaries to comply, with all of the applicable provisions, covenants and
agreements contained in Articles 9 and 10 of the Credit Agreement, and will
take, or will refrain from taking, as the case may be, all actions that are
necessary to be taken or not taken so that it is not in violation of any
provision, covenant or agreement contained in Articles 9 or 10 of the Credit
Agreement, and so that no Default or Event of Default, is caused by the actions
of such Guarantor or any of its Subsidiaries.

                  13.      The Guarantors hereby jointly and severally agree to
pay all reasonable out-of-pocket costs and expenses of each Secured Creditor in
connection with the enforcement of this Guaranty and of the Administrative Agent
in connection with any amendment, waiver or consent relating hereto (including
in each case, without limitation, the reasonable fees and disbursements of
counsel employed by each Secured Creditor).

                  14.      This Guaranty shall be binding upon each Guarantor
and its successors and assigns and shall inure to the benefit of the Secured
Creditors and their successors and assigns.

                  15.      Neither this Guaranty nor any provision hereof may be
changed, waived, discharged or terminated except with the written consent of
each Guarantor directly affected thereby and with the written consent of either
(x) the Required Lenders (or to the extent required by Section 13.11 of the
Credit Agreement, with the written consent of each Lender) at all times prior to
the time on which all Credit Document Obligations have been paid in full or (y)
the holders of at least a majority of the outstanding Other Obligations at all
times after the time on which all Credit Document Obligations have been paid in
full; provided, that any change, waiver, modification or variance affecting the
rights and benefits of a single Class (as defined below) of Secured Creditors
(and not all Secured Creditors in a like or similar manner) shall also require
the written consent of the Requisite Creditors (as defined below) of such Class
of Secured Creditors (it being understood that the addition or release of any
Guarantor hereunder shall not constitute a change, waiver, discharge or
termination affecting any Guarantor other than the Guarantor so added or
released). For the purpose of this Guaranty, the term "Class" shall mean each
class of Secured Creditors, i.e., whether (x) the Lender Creditors as holders of
the Credit Document Obligations or (y) the Other Creditors as the holders of the
Other Obligations. For the purpose of this Guaranty, the term "Requisite
Creditors" of any Class shall mean (x) with respect to the Credit Document
Obligations, the Required Lender (or to the extent required by Section 13.11 of
the Credit Agreement, each Lender) and (y) with respect to the Other
Obligations, the holders of at least a majority of all obligations outstanding
from time to time under the Interest Rate Protection or Other Hedging
Agreements.

                  16.      Each Guarantor acknowledges that an executed (or
conformed) copy of each of the Credit Documents and Interest Rate Protection
Agreements or Other Hedging Agreements has been made available to a senior
officer of such Guarantor and such officer is familiar with the contents
thereof.

                                      -8-
<PAGE>

                  17.      In addition to any rights now or hereafter granted
under applicable law and not by way of limitation of any such rights, upon the
occurrence and during the continuance of an Event of Default (such term to mean
and include any "Event of Default" as defined in the Credit Agreement or any
payment default under any Interest Rate Protection Agreement or Other Hedging
Agreement continuing after any applicable grace period), each Secured Creditor
is hereby authorized, at any time or from time to time, without notice to any
Guarantor or to any other Person, any such notice being expressly waived, to set
off and to appropriate and apply any and all deposits (general or special) and
any other indebtedness at any time held or owing by such Secured Creditor to or
for the credit or the account of such Guarantor, against and on account of the
obligations and liabilities of such Guarantor to such Secured Creditor under
this Guaranty, irrespective of whether or not such Secured Creditor shall have
made any demand hereunder and although said obligations, liabilities, deposits
or claims, or any of them, shall be contingent or un-matured.

                  18.      All notices, requests, demands or other
communications pursuant hereto shall be sent or delivered by mail, telegraph,
telex, telecopy, cable or overnight courier service and all such notices and
communications shall, when mailed, telegraphed, telexed, telecopied, or cabled
or sent by overnight courier, be effective when deposited in the mails,
delivered to the telegraph company, cable company or overnight courier, as the
case may be, or sent by telex or telecopier and when mailed shall be effective
three Business Days following deposit in the mail with proper postage, except
that notices and communications to the Administrative Agent or any Guarantor
shall not be effective until received by the Administrative Agent or such
Guarantor, as the case may be. All notices and other communications shall be in
writing and addressed to such party at (i) in the case of any Lender Creditor,
as provided in the Credit Agreement, (ii) in the case of any Guarantor, as
provided in the Security Agreement and (iii) in the case of any Other Creditor,
at such address as such Other Creditor shall have specified in writing to the
Guarantors; or in any case at such other address as any of the Persons listed
above may hereafter notify the others in writing.

                  19.      If claim is ever made upon any Secured Creditor for
repayment or recovery of any amount or amounts received in payment or on account
of any of the Guaranteed Obligations and any of the aforesaid payees repays all
or part of said amount by reason of (i) any judgment, decree or order of any
court or administrative body having jurisdiction over such payee or any of its
property or (ii) any settlement or compromise of any such claim effected by such
payee with any such claimant (including the Borrower) then and in such event
each Guarantor agrees that any such judgment, decree, order, settlement or
compromise shall be binding upon such Guarantor, notwithstanding any revocation
hereof or other instrument evidencing any liability of the Borrower, and such
Guarantor shall be and remain liable to the aforesaid payees hereunder for the
amount so repaid or recovered to the same extent as if such amount had never
originally been received by any such payee.

                  20.      (a)      THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS
         OF THE SECURED CREDITORS AND OF THE UNDERSIGNED HEREUNDER SHALL BE
         GOVERNED BY AND

                                      -9-
<PAGE>

         CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF MINNESOTA. Any
         legal action or proceeding with respect to this Guaranty or any other
         Credit Document to which any Guarantor is a party may be brought in the
         courts of the State of Minnesota or of the United States of America for
         the District of Minnesota, and, by execution and delivery of this
         Guaranty, each Guarantor hereby irrevocably accepts for itself and in
         respect of its property, generally and unconditionally, the
         jurisdiction of the aforesaid courts. Each Guarantor hereby further
         irrevocably waives any claim that any such court lacks personal
         jurisdiction over such Guarantor, and agrees not to plead or claim in
         any legal action or proceeding with respect to this Guaranty or any
         other Credit Document to which such Guarantor is a party brought in any
         of the aforesaid courts that any such court lacks personal jurisdiction
         over such Guarantor. Each Guarantor further irrevocably consents to the
         service of process out of any of the aforementioned courts in any such
         action or proceeding by the mailing of copies thereof by registered or
         certified mail, postage prepaid, to such Guarantor at its address set
         forth opposite its signature below, such service to become effective 30
         days after such mailing. Each Guarantor hereby irrevocably waives any
         objection to such service of process and further irrevocably waives and
         agrees not to plead or claim in any action or proceeding commenced
         hereunder or under any other Credit Document to which such Guarantor is
         a party that such service of process was in any way invalid or
         ineffective. Nothing herein shall affect the right of any of the
         Secured Creditors to serve process in any other manner permitted by law
         or to commence legal proceedings or otherwise proceed against each
         Guarantor in any other jurisdiction.

                  (b)      Each Guarantor hereby irrevocably waives (to the
         fullest extent permitted by applicable law) any objection which it may
         now or hereafter have to the laying of venue of any of the aforesaid
         actions or proceedings arising out of or in connection with this
         Guaranty or any other Credit Document to which such Guarantor is a
         party brought in the courts referred to in clause (a) above and hereby
         further irrevocably waives and agrees not to plead or claim in any such
         court that such action or proceeding brought in any such court has been
         brought in an inconvenient forum.

                  (c)      EACH GUARANTOR AND EACH SECURED CREDITOR (BY ITS
         ACCEPTANCE OF THE BENEFITS OF THIS GUARANTY) HEREBY IRREVOCABLY WAIVES
         ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
         ARISING OUT OF OR RELATING TO THIS GUARANTY, THE OTHER CREDIT DOCUMENTS
         TO WHICH SUCH GUARANTOR IS A PARTY OR THE TRANSACTIONS CONTEMPLATED
         HEREBY OR THEREBY.

                  21.      In the event that all of the capital stock of one or
more Guarantors is sold or otherwise disposed of or liquidated in compliance
with the requirements of Section 10.2 of the Credit Agreement (or such sale or
other disposition has been approved in writing by the Required Lenders (or all
Lenders if required by Section 13.11 of the Credit Agreement)) and the proceeds
of such sale, disposition or liquidation are

                                      -10-
<PAGE>

applied in accordance with the provisions of the Credit Agreement, to the extent
applicable, such Guarantor shall upon consummation of such sale or other
disposition (except to the extent that such sale or disposition is to the
Borrower or another Subsidiary thereof) be released from this Guaranty
automatically and without further action and this Guaranty shall, as to each
such Guarantor or Guarantors, terminate, and have no further force or effect (it
being understood and agreed that the sale of one or more Persons that own,
directly or indirectly, all of the capital stock of any Guarantor shall be
deemed to be a sale of such Guarantor for the purposes of this Section 21).

                  22.      At any time a payment in respect of the Guaranteed
Obligations is made under this Guaranty, the right of contribution of each
Guarantor against each other Guarantor shall be determined as provided in the
immediately following sentence, with the right of contribution of each Guarantor
to be revised and restated as of each date on which a payment (a "Relevant
Payment") is made on the Guaranteed Obligations under this Guaranty. At any time
that a Relevant Payment is made by a Guarantor that results in the aggregate
payments made by such Guarantor in respect of the Guaranteed Obligations to, and
including the date of the Relevant Payment exceeding such Guarantor's
Contribution Percentage (as defined below) of the aggregate payments made by all
Guarantors in respect of the Guaranteed Obligations to and including the date of
the Relevant Payment (such excess, the "Aggregate Excess Amount"), each such
Guarantor shall have a right of contribution against each other Guarantor who
has made payments in respect of the Guaranteed Obligations to and including the
date of the Relevant Payment in an aggregate amount less than such other
Guarantor's Contribution Percentage of the aggregate payments made to and
including the date of the Relevant Payment by all Guarantors in respect of the
Guaranteed Obligations (the aggregate amount of such deficit, the "Aggregate
Deficit Amount") in an amount equal to (x) a fraction the numerator of which is
the Aggregate Excess Amount of such Guarantor and the denominator of which is
the Aggregate Excess Amount of all Guarantors multiplied by (y) the Aggregate
Deficit Amount of such other Guarantor. A Guarantor's right of contribution
pursuant to the preceding sentences shall arise at the time of each computation,
subject to adjustment to the time of each computation; provided, that no
Guarantor may take any action to enforce such right until the Guaranteed
Obligations have been irrevocably paid in full in cash, it being expressly
recognized and agreed by all parties hereto that any Guarantor's right of
contribution arising pursuant to this Section 22 against any other Guarantor
shall be expressly junior and subordinate to such other Guarantor's obligations
and liabilities in respect of the Guaranteed Obligations and any other
obligations owing under this Guaranty. As used in this Section 22: (i) each
Guarantor's "Contribution Percentage" shall mean the percentage obtained by
dividing (x) the Adjusted Net Worth (as defined below) of such Guarantor by (y)
the aggregate Adjusted Net Worth of all Guarantors; (ii) the "Adjusted Net
Worth" of each Guarantor shall mean the greater of (x) the Net Worth (as defined
below) of such Guarantor and (y) zero; and (iii) the "Net Worth" of each
Guarantor shall mean the amount by which the fair salable value of such
Guarantor's assets on the date of any Relevant Payment exceeds its existing
debts and other liabilities (including contingent liabilities, but without
giving effect to any Guaranteed Obligations arising under this Guaranty) on such
date. All parties hereto recognize and agree that, except for any right of
contribution arising pursuant to this Section 22, each Guarantor who makes any
payment in respect of the

                                      -11-
<PAGE>

Guaranteed Obligations shall have no right of contribution or subrogation
against any other Guarantor in respect of such payment until all of the
Guaranteed Obligations have been irrevocably paid in full in cash. Each of the
Guarantors recognizes and acknowledges that the rights to contribution arising
hereunder shall constitute an asset in favor of the party entitled to such
contribution. In this connection, each Guarantor has the right to waive its
contribution right against any Guarantor to the extent that after giving effect
to such waiver such Guarantor would remain solvent, in the determination of the
Required Lenders.

                  23.      Each Guarantor and each Secured Creditor (by its
acceptance of the benefits of this Guaranty) hereby confirms that it is its
intention that this Guaranty not constitute a fraudulent transfer or conveyance
for purposes of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act of
any similar Federal or state law. To effectuate the foregoing intention, each
Guarantor and each Secured Creditor (by its acceptance of the benefits of this
Guaranty) hereby irrevocably agrees that the Guaranteed Obligations guaranteed
by such Guarantor shall be limited to such amount as will, after giving effect
to such maximum amount and all other (contingent or otherwise) liabilities of
such Guarantor that are relevant under such laws, and after giving effect to any
rights to contribution pursuant to any agreement providing for an equitable
contribution among such Guarantor and other Guarantors, result in the Guaranteed
Obligations of such Guarantor in respect of such maximum amount not constituting
a fraudulent transfer or conveyance.

                  24.      This Guaranty may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A set of counterparts
executed by all the parties hereto shall be lodged with the Guarantors and the
Administrative Agent.

                  25.      All payments made by any Guarantor hereunder will be
made without setoff, counterclaim or other defense and on the same basis as
payments are made by the Borrower under Sections 5.3 and 5.4 of the Credit
Agreement.

                  26.      It is understood and agreed that any Subsidiary of
the Borrower that is required to execute a counterpart of this Guaranty after
the date hereof pursuant to the Credit Agreement shall become a Guarantor
hereunder by executing a counterpart hereof and delivering the same to the
Administrative Agent.

                  27.      Each Guarantor has independently, and without
reliance on any information supplied by any Secured Creditor, taken, and will
continue to take, whatever steps it deems necessary to evaluate the financial
condition and affairs of the Borrower or any Collateral, and the Secured
Creditors shall have no duty to advise any Guarantor of information at any time
known to them regarding such financial condition or affairs or any Collateral.

                               [Signatures Follow]

                                      -12-
<PAGE>

                  IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to
be executed and delivered as of the date first above written.

                                    AMERICAN CHURCH LISTS, INC.,
                                    BJ HUNTER INFORMATION, INC.,
                                    CD-ROM TECHNOLOGIES, INC.,
                                    CITY DIRECTORIES, INC.,
                                    CLICKACTION INC.,
                                    DONNELLEY MARKETING, INC.,
                                    HILL-DONNELLY CORPORATION
                                    IDEXEC, INC.,
                                    INFOUSA MARKETING, INC.,
                                    LIST BAZAAR.COM, INC.,
                                    MARKADO, INC.,
                                    STRATEGIC INFORMATION MANAGEMENT, INC.,
                                    TGMVC CORPORATION,
                                    TRIPLEX DIRECT MARKETING CORP.,
                                    WALTER KARL, INC., and
                                    YESMAIL, INC.
                                        each as a Guarantor

                                    By_____________________________________
                                    Name:__________________________________
                                    Title: ________________________________

                                 Signature Page
                                       to
                              Subsidiaries Guaranty

<PAGE>

Accepted and Agreed to:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
  as Collateral Agent

By:_______________________________________
Name:_____________________________________
Title: ___________________________________

                                 Signature Page
                                       to
                              Subsidiaries Guaranty

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