Document:

EXHIBIT 10.1

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                      Multicurrency Credit Agreement

                                Dated as of

                               March 1, 2006

                                   Among

                     Jones Lang LaSalle Finance B.V.,

                       The Guarantors Party Hereto,

                          The Banks Party Hereto,

                               Harris N.A.,
                          as Administrative Agent

                               Harris N.A.,
                             as Lead Arranger,

                           Bank of America, N.A.

                                    and

                    LaSalle Bank National Association,
                         as Co-Syndication Agents,

                                    and

                       US Bank National Association,

                                    and

                          Royal Bank of Scotland,
                        as Co-Documentation Agents

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<TABLE>
<CAPTION>
                             TABLE OF CONTENTS

           (This Table of Contents is not part of the Agreement)

SECTION                    HEADING                                  PAGE
<S>         <C>            <C>                                      <C>
            Section 1.1.   Commitments . . . . . . . . . . . . . . .   1
            Section 1.2.   The Swingline.. . . . . . . . . . . . . .   1
            Section 1.3.   Letters of Credit . . . . . . . . . . . .   3
            Section 1.4.   Applicable Interest Rates . . . . . . . .   5
            Section 1.5.   Minimum Borrowing Amounts . . . . . . . .   7
            Section 1.6.   Manner of Borrowing Loans and
                           Designating Interest Rates Applicable
                           to Loans. . . . . . . . . . . . . . . . .   7
            Section 1.7.   Interest Periods. . . . . . . . . . . . .   9
            Section 1.8.   Maturity of Loans . . . . . . . . . . . .  10
            Section 1.9.   Prepayments . . . . . . . . . . . . . . .  10
            Section 1.10.  Default Rate. . . . . . . . . . . . . . .  11
            Section 1.11.  Noteless Agreement; Evidence of
                           Indebtedness. . . . . . . . . . . . . . .  11
            Section 1.12.  Funding Indemnity.. . . . . . . . . . . .  12
            Section 1.13.  Commitment Terminations . . . . . . . . .  13
            Section 1.14.  Substitution of Banks . . . . . . . . . .  13
            Section 1.15.  Increase in Commitments . . . . . . . . .  14

SECTION 2.  FEES           . . . . . . . . . . . . . . . . . . . . .  14
            Section 2.1.   Fees. . . . . . . . . . . . . . . . . . .  14

SECTION 3.  PLACE AND APPLICATION OF PAYMENTS. . . . . . . . . . . .  15
            Section 3.1.   Place and Application of Payments . . . .  15

SECTION 4.  DEFINITIONS; INTERPRETATION. . . . . . . . . . . . . . .  16
            Section 4.1.   Definitions . . . . . . . . . . . . . . .  16
            Section 4.2.   Interpretation. . . . . . . . . . . . . .  25
            Section 4.3.   Change in Accounting Principles . . . . .  25

SECTION 5.  REPRESENTATIONS AND WARRANTIES . . . . . . . . . . . . .  26
            Section 5.1.   Corporate Organization and Authority. . .  26
            Section 5.2.   Subsidiaries. . . . . . . . . . . . . . .  26
            Section 5.3.   Corporate Authority and Validity
                           of Obligations. . . . . . . . . . . . . .  26
            Section 5.4.   Financial Statements. . . . . . . . . . .  27
            Section 5.5.   No Litigation; No Labor Controversies . .  27
            Section 5.6.   Taxes . . . . . . . . . . . . . . . . . .  27
            Section 5.7.   Approvals . . . . . . . . . . . . . . . .  28
            Section 5.8.   ERISA . . . . . . . . . . . . . . . . . .  28
            Section 5.9.   Government Regulation . . . . . . . . . .  28
            Section 5.10.  Margin Stock. . . . . . . . . . . . . . .  28
            Section 5.11.  Licenses and Authorizations; Compliance
                           with Environmental and Health Laws. . . .  28
            Section 5.12.  Ownership of Property; Liens. . . . . . .  29
            Section 5.13.  No Burdensome Restrictions; Compliance
                           with Agreements . . . . . . . . . . . . .  29
            Section 5.14.  Accuracy of Information . . . . . . . . .  29

SECTION 6.  CONDITIONS PRECEDENT . . . . . . . . . . . . . . . . . .  29
            Section 6.1.   Initial Credit Event. . . . . . . . . . .  29
            Section 6.2.   All Credit Events . . . . . . . . . . . .  30

SECTION 7.  COVENANTS      . . . . . . . . . . . . . . . . . . . . .  31
            Section 7.1.   Corporate Existence; Subsidiaries . . . .  31
            Section 7.2.   Maintenance . . . . . . . . . . . . . . .  31
            Section 7.3.   Taxes . . . . . . . . . . . . . . . . . .  32
            Section 7.4.   ERISA . . . . . . . . . . . . . . . . . .  32
            Section 7.5.   Insurance . . . . . . . . . . . . . . . .  32

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SECTION                    HEADING                                  PAGE

            Section 7.6.   Financial Reports and Other Information .  32
            Section 7.7.   Bank Inspection Rights. . . . . . . . . .  33
            Section 7.8.   Conduct of Business . . . . . . . . . . .  33
            Section 7.9.   Liens . . . . . . . . . . . . . . . . . .  33
            Section 7.10.  Use of Proceeds; Regulation U . . . . . .  35
            Section 7.11.  Sales and Leasebacks. . . . . . . . . . .  35
            Section 7.12.  Mergers, Consolidations and
                           Sales of Assets . . . . . . . . . . . . .  35
            Section 7.13.  Use of Property and Facilities;
                           Environmental and Health and Safety Laws.  36
            Section 7.14.  Investments, Acquisitions, Loans,
                           Advances and Guaranties . . . . . . . . .  37
            Section 7.15.  Consolidated Net Worth. . . . . . . . . .  39
            Section 7.16.  Funded Debt to Adjusted EBITDA. . . . . .  39
            Section 7.17.  Interest Coverage Ratio . . . . . . . . .  39
            Section 7.18.  Dividends and Other Shareholder
                           Distributions . . . . . . . . . . . . . .  39
            Section 7.19.  Indebtedness. . . . . . . . . . . . . . .  39
            Section 7.20.  Transactions with Affiliates. . . . . . .  40
            Section 7.21.  Compliance with Laws. . . . . . . . . . .  40
            Section 7.22.  Additional Guarantors . . . . . . . . . .  40

SECTION 8.  EVENTS OF DEFAULT AND REMEDIES . . . . . . . . . . . . .  40
            Section 8.1.   Events of Default . . . . . . . . . . . .  40
            Section 8.2.   Non-Bankruptcy Defaults . . . . . . . . .  42
            Section 8.3.   Bankruptcy Defaults . . . . . . . . . . .  42
            Section 8.4.   Collateral for Undrawn Letters
                           of Credit . . . . . . . . . . . . . . . .  42
            Section 8.5.   Notice of Default . . . . . . . . . . . .  43
            Section 8.6.   Expenses. . . . . . . . . . . . . . . . .  43

SECTION 9.  CHANGE IN CIRCUMSTANCES. . . . . . . . . . . . . . . . .  43
            Section 9.1.   Change of Law . . . . . . . . . . . . . .  43
            Section 9.2.   Unavailability of Deposits or
                           Inability to Ascertain, or
                           Inadequacy of, LIBOR. . . . . . . . . . .  44
            Section 9.3.   Increased Cost and Reduced Return . . . .  44
            Section 9.4.   Lending Offices . . . . . . . . . . . . .  45
            Section 9.5.   Discretion of Bank as to Manner
                           of Funding. . . . . . . . . . . . . . . .  45

SECTION 10. THE ADMINISTRATIVE AGENT . . . . . . . . . . . . . . . .  45
            Section 10.1.  Appointment and Authorization
                           of Administrative Agent . . . . . . . . .  45
            Section 10.2.  Administrative Agent and
                           its Affiliates. . . . . . . . . . . . . .  46
            Section 10.3.  Action by Administrative Agent. . . . . .  46
            Section 10.4.  Consultation with Experts . . . . . . . .  46
            Section 10.5.  Liability of Administrative Agent;
                           Credit Decision . . . . . . . . . . . . .  46
            Section 10.6.  Indemnity . . . . . . . . . . . . . . . .  47
            Section 10.7.  Resignation of Administrative Agent
                           and Successor Agent . . . . . . . . . . .  47

SECTION 11. THE GUARANTEES . . . . . . . . . . . . . . . . . . . . .  48
            Section 11.1.  The Guarantees. . . . . . . . . . . . . .  48
            Section 11.2.  Guarantee Unconditional . . . . . . . . .  48
            Section 11.3.  Discharge Only Upon Payment in Full;
                           Reinstatement in Certain Circumstances. .  49
            Section 11.4.  Waivers . . . . . . . . . . . . . . . . .  49
            Section 11.5.  Limit on Recovery . . . . . . . . . . . .  49
            Section 11.6.  Stay of Acceleration. . . . . . . . . . .  49
            Section 11.7.  Benefit to Guarantors . . . . . . . . . .  50
            Section 11.8.  Guarantor Covenants . . . . . . . . . . .  50

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SECTION                    HEADING                                  PAGE

SECTION 12. MISCELLANEOUS  . . . . . . . . . . . . . . . . . . . . .  50
            Section 12.1.  Payments Free of Withholding Taxes. . . .  50
            Section 12.2.  No Waiver of Rights . . . . . . . . . . .  50
            Section 12.3.  Non-Business Day. . . . . . . . . . . . .  51
            Section 12.4.  Documentary Taxes . . . . . . . . . . . .  51
            Section 12.5.  Survival of Representations . . . . . . .  51
            Section 12.6.  Survival of Indemnities . . . . . . . . .  51
            Section 12.7.  Sharing of Set-Off. . . . . . . . . . . .  51
            Section 12.8.  Notices . . . . . . . . . . . . . . . . .  51
            Section 12.9.  Counterparts. . . . . . . . . . . . . . .  52
            Section 12.10. Successors and Assigns. . . . . . . . . .  52
            Section 12.11. Participants. . . . . . . . . . . . . . .  52
            Section 12.12. Assignment of Commitments by Banks. . . .  53
            Section 12.13. Amendments. . . . . . . . . . . . . . . .  53
            Section 12.14. Headings. . . . . . . . . . . . . . . . .  54
            Section 12.15. Legal Fees, Other Costs and
                           Indemnification . . . . . . . . . . . . .  54
            Section 12.16. Set Off . . . . . . . . . . . . . . . . .  54
            Section 12.17. Currency. . . . . . . . . . . . . . . . .  55
            Section 12.18. Entire Agreement. . . . . . . . . . . . .  55
            Section 12.19. Governing Law . . . . . . . . . . . . . .  55
            Section 12.20. Submission to Jurisdiction;
                           Waiver of Jury Trial. . . . . . . . . . .  55
            Section 12.21. Limitation of Liability . . . . . . . . .  56
            Section 12.22. Confidentiality . . . . . . . . . . . . .  56
            Section 12.23. Severability of Provisions. . . . . . . .  56
            Section 12.24. Excess Interest . . . . . . . . . . . . .  56
            Section 12.25. Construction. . . . . . . . . . . . . . .  57
            Section 12.26. Bank's Obligations Several. . . . . . . .  57
            Section 12.27. USA Patriot Act . . . . . . . . . . . . .  57

   Signature               . . . . . . . . . . . . . . . . . . . . . S-1
</TABLE>

<TABLE>
<CAPTION>
EXHIBITS
<S>               <C>
      A-1   -     Form of Note

      A-2   -     Form of Swingline Note

      B     -     Form of Compliance Certificate

      C     -     Form of Subsidiary Guarantee Agreement

      D     -     Commitment Amount Increase Request

      E     -     Assignment and Acceptance

SCHEDULE 1        Commitments

SCHEDULE 1.3      Existing Letters of Credit

SCHEDULE 5.2      Guarantors

SCHEDULE 7.14     Existing Investments
</TABLE>

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                      MULTICURRENCY CREDIT AGREEMENT

      This Multicurrency Credit Agreement, dated as of March 1, 2006, is
among Jones Lang LaSalle Finance B.V., a private company with limited
liability organized under the laws of The Netherlands (the "Borrower"), the
Guarantors (as hereinafter defined) party hereto, the lenders from time to
time party hereto (each a "Bank" and, collectively, the "Banks") and Harris
N.A., as Administrative Agent.

                           PRELIMINARY STATEMENT

      The Borrower has requested, and the Banks have agreed to extend,
certain credit facilities on the terms and conditions of this Agreement;

      Now, Therefore, in consideration of the mutual agreements contained
herein, and the other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows:

SECTION 1.  THE REVOLVING CREDIT.

      SECTION 1.1.  COMMITMENTS.  Subject to the terms and conditions
hereof, each Bank severally agrees to make a loan or loans (individually a
"Loan" and collectively "Loans") to the Borrower from time to time on a
revolving basis in U.S. Dollars and Alternative Currencies in an aggregate
outstanding Original Dollar Amount up to the amount of its Commitment
subject to any increases or reductions thereof pursuant to the terms
hereof, before the Termination Date.  The sum of the (i) aggregate Original
Dollar Amount of Loans, (ii) the aggregate Original Dollar Amount of
Swingline Loans, and (iii) the aggregate U.S. Dollar Equivalent of all L/C
Obligations at any time outstanding shall not exceed the Commitments in
effect at such time.  The sum of the aggregate Original Dollar Amount of
all Loans denominated in an Alternative Currency other than Euros or Pounds
Sterling at any time outstanding shall not exceed $100,000,000.  Each
Borrowing of Loans shall be made ratably from the Banks in proportion to
their respective Percentages.  As provided in Section 1.6(a) hereof, the
Borrower may elect that each Borrowing of Loans denominated in U.S. Dollars
be either Domestic Rate Loans or Eurocurrency Loans.  All Loans denominated
in an Alternative Currency shall be Eurocurrency Loans.  Loans may be
repaid and the principal amount thereof reborrowed before the Termination
Date, subject to all the terms and conditions hereof.

      SECTION 1.2.  THE SWINGLINE.

      (a)   SWINGLINE LOANS.  Subject to all of the terms and conditions
hereof, the Administrative Agent agrees to make loans in U.S. Dollars to
the Borrower ("Swingline Loans"), which shall not in the aggregate at any
time outstanding exceed the lesser of (i) the Swingline Commitment or
(ii) the difference between (x) the Commitments in effect at such time and
(y) the sum of the Original Dollar Amount of all Loans and the U.S. Dollar
Equivalent of the L/C Obligations outstanding at the time of computation.
The Swingline Commitment may be availed of by the Borrower from time to
time and borrowings thereunder may be repaid and used again during the
period ending on the day immediately preceding the Termination Date.

      (b)   MINIMUM BORROWING AMOUNT.  Each Swingline Loan shall be in an
amount not less than $100,000.

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      (c)   INTEREST ON SWINGLINE LOANS.  Each Swingline Loan shall bear
interest (computed on the basis of a year of 360 days and actual days
elapsed) for the Interest Period selected therefor at the Domestic Rate
plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by
the Administrative Agent to the Borrower which is the interest rate
determined in the Administrative Agent's discretion at which Administrative
Agent would be willing to make such Swingline Loan available to the
Borrower for such Interest Period (the rate so quoted for a given Interest
Period being herein referred to as the "Quoted Rate"), PROVIDED that if any
Swingline Loan is not paid when due (whether by lapse of time, acceleration
or otherwise) such Swingline Loan shall bear interest whether before or
after judgment, until payment in full thereof through the end of the
Interest Period then applicable thereto at the rate set forth in
Section 1.10 hereof.  Interest on each Swingline Loan shall be due and
payable on the last day of each Interest Period applicable thereto, and
interest after maturity (whether by lapse of time, acceleration or
otherwise) shall be due and payable upon demand.

      (d)   REQUESTS FOR SWINGLINE LOANS.  The Borrower shall give the
Administrative Agent prior notice (which may be written or oral) no later
than 12:00 noon (Chicago time) on the date upon which the Borrower requests
that any Swingline Loan be made, specifying in each case the amount and
date of such Swingline Loan and the Interest Period selected therefor.
Within thirty (30) minutes after receiving such notice, the Administrative
Agent shall quote the Quoted Rate for such Interest Period.  The Borrower
acknowledges and agrees that the interest rate quote is given for immediate
and irrevocable acceptance, and if the Borrower does not so immediately
accept the Quoted Rate for the full amount requested by the Borrower for
such Swingline Loan, the Quoted Rate shall be deemed immediately withdrawn
and such Swingline Loan shall be made at the rate per annum equal to the
Domestic Rate from time to time in effect PLUS the Applicable Margin for
Domestic Rate Loans.  Subject to all of the terms and conditions hereof,
the proceeds of such Swingline Loan shall be made available to the Borrower
on the date so requested at the offices of the Administrative Agent in
Chicago, Illinois.  Anything contained in the foregoing to the contrary
notwithstanding, (i) the obligation of the Administrative Agent to make
Swingline Loans shall be subject to all of the terms and conditions of this
Agreement and (ii) the Administrative Agent shall not be obligated to make
more than one Swingline Loan during any one day.

      (e)   REFUNDING LOANS.  In its sole and absolute discretion, the
Administrative Agent may at any time, on behalf of the Borrower (which
hereby irrevocably authorizes the Administrative Agent to act on its behalf
for such purpose), request each Bank to make a Loan in an amount equal to
such Bank's Percentage of the amount of the Swingline Loans outstanding on
the date such notice is given.  Borrowings of Loans under this
Section 1.2(e) shall initially constitute Domestic Rate Loans unless timely
notice is given pursuant to Section 1.6 hereof.  Unless any of the
conditions of Section 6 are not fulfilled on such date, each Bank shall
make the proceeds of its requested Loan available to the Administrative
Agent, in immediately available funds, at the principal office of the
Administrative Agent in Chicago, Illinois, before 12:00 noon (Chicago time)
on the Business Day following the day such notice is given.  The proceeds
of such Loans shall be immediately applied to repay the outstanding
Swingline Loans.

                                     2
<PAGE>
      (f)   PARTICIPATIONS.  If any Bank refuses or otherwise fails to make
a Loan when requested by the Administrative Agent pursuant to
Section 1.2(e) above (because the conditions in Section 6 are not satisfied
or otherwise), such Bank will, by the time and in the manner such Loan was
to have been funded to the Administrative Agent, purchase from the
Administrative Agent an undivided participating interest in the outstanding
Swingline Loans in an amount equal to its Percentage of the aggregate
principal amount of Swingline Loans that were to have been repaid with such
Loans.  Each Bank that so purchases a participation in a Swingline Loan
shall thereafter be entitled to receive its Percentage of each payment of
principal received on the Swingline Loan and of interest received thereon
accruing from the date such Bank funded to the Administrative Agent its
participation in such Swingline Loan.  The obligation of the Banks to the
Administrative Agent shall be absolute and unconditional and shall not be
affected or impaired by any Default or Event of Default which may then be
continuing hereunder.

      (g)   VOLUNTARY PREPAYMENT OF SWINGLINE LOANS.  The Borrower may not
voluntarily prepay any Swingline Loan bearing interest at the Quoted Rate
before the last day of its Interest Period.  The Borrower may voluntarily
prepay any Swingline Loan bearing interest computed by reference to the
Domestic Rate before the last day of its Interest Period at any time upon
notice delivered to the Administrative Agent by the Borrower no later than
12:00 noon (Chicago time) on the date of prepayment, such prepayment to be
made by the payment of the principal amount to be prepaid and accrued
interest thereon to the date fixed for prepayment.

      SECTION 1.3.  LETTERS OF CREDIT.

      (a)   GENERAL TERMS.  Subject to the terms and conditions hereof, as
part of the Revolving Credit the Administrative Agent shall issue standby
letters of credit (each a "Letter of Credit") for the account of the
Borrower or for the account of the Borrower and the Parent or one or more
of its Subsidiaries in Euros, Pound Sterling, Japanese Yen or U.S. Dollars
in the U.S. Dollar Equivalent of the aggregate undrawn face amount up to
the L/C Commitment, PROVIDED that the U.S. Dollar Equivalent of the
aggregate L/C Obligations at any time outstanding shall not exceed the
difference between the Commitments in effect at such time and the aggregate
Original Dollar Amount of Loans and Swingline Loans then outstanding.
Notwithstanding anything herein to the contrary, those certain letters of
credit issued for the account of the Borrower or the Parent by the
Administrative Agent and listed on Schedule 1.4 hereof (the "Existing
Letters of Credit") shall each constitute a "Letter of Credit" herein for
all purposes of this Agreement with the Borrower as the applicant therefor,
to the same extent, and with the same force and effect as if the Existing
Letters of Credit had been issued under this Agreement at the request of
the Borrower.  Each Letter of Credit shall be issued by the Administrative
Agent, but each Bank shall be obligated to reimburse the Administrative
Agent for its Percentage of the amount of each drawing thereunder and,
accordingly, the undrawn face amount of each Letter of Credit shall
constitute usage of the Commitment of each Bank PRO RATA in accordance with
each Bank's Percentage.

      (b)   APPLICATIONS.  At any time before the Termination Date, the
Administrative Agent shall, at the request of the Borrower, issue one or
more Letters of Credit, in a form satisfactory to the Administrative Agent,
with expiration dates no later than the Termination Date, in an aggregate
face amount as set forth above, upon the receipt of an application duly
executed by the Borrower and, if such Letter of Credit is for the account
of the Parent or one of its Subsidiaries, the Parent or such Subsidiary for
the relevant Letter of Credit in the form customarily prescribed by the
Administrative Agent for a standby letter of credit (each an
"Application").  Notwithstanding anything contained in any Application to
the contrary (i) the Borrower's obligation to pay fees in connection with
each Letter of Credit shall be as exclusively set forth in Section 2.1(b)
hereof, (ii) except during the continuance of an Event of Default, the
Administrative Agent will not call for the funding by the Borrower of any

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<PAGE>
amount under a Letter of Credit, or any other form of collateral security
for the Borrower's obligations in connection with such Letter of Credit,
before being presented with a drawing thereunder, and (iii) if the
Administrative Agent is not timely reimbursed for the amount of any drawing
under a Letter of Credit on the date such drawing is paid, the Borrower's
obligation to reimburse the Administrative Agent for the amount of such
drawing shall bear interest (which the Borrower hereby promises to pay)
from and after the date such drawing is paid at a rate per annum (i) if
such Letter of Credit is denominated in U.S. Dollars, equal to the sum of
2% PLUS the Domestic Rate from time to time in effect PLUS the Applicable
Margin for Domestic Rate Loans and (ii) if such Letter of Credit is
denominated in Euros, Japanese Yen or Pound Sterling, equal to the rate
established pursuant to Section 1.10(b) for Eurocurrency Loans denominated
in an Alternative Currency.  The Administrative Agent agrees to issue
amendments to the Letter(s) of Credit increasing the amount, or extending
the expiration date, thereof at the request of the Borrower subject to the
conditions of Section 6.2 and the other terms of this Section 1.3.

      (c)   THE REIMBURSEMENT OBLIGATIONS.  Subject to Section 1.3(b)
hereof, the obligation of the Borrower to reimburse the Administrative
Agent for all drawings under a Letter of Credit (a "Reimbursement
Obligation") shall be governed by the Application related to such Letter of
Credit, except that reimbursement of each drawing shall be made in
immediately available funds (i) if such Letter of Credit is denominated in
U.S. Dollars, at the Administrative Agent's principal office in Chicago,
Illinois and (ii) if such Letter of Credit is denominated in Euros,
Japanese Yen or Pound Sterling, to such local office as the Administrative
Agent has previously specified, in each case by no later than 12:00 noon
(local time) on the date when each drawing is paid or, if such drawing was
paid after 11:30 a.m. (local time), by the end of such day.  If the
Borrower does not make any such reimbursement payment on the date due and
the Participating Banks fund their participations therein in the manner set
forth in Section 1.3(d) below, then all payments thereafter received by the
Administrative Agent in discharge of any of the relevant Reimbursement
Obligations shall be distributed in accordance with Section 1.3(d) below.

      (d)   THE PARTICIPATING INTERESTS.  Each Bank (other than the Bank
then acting as Administrative Agent in issuing Letters of Credit) severally
agrees to purchase from the Administrative Agent, and the Administrative
Agent hereby agrees to sell to each such Bank (a "Participating Bank"), an
undivided percentage participating interest (a "Participating Interest"),
to the extent of its Percentage, in each Letter of Credit issued by, and
each Reimbursement Obligation owed to, the Administrative Agent.  Upon any
failure by the Borrower to pay any Reimbursement Obligation at the time
required on the date due, as set forth in Section 1.3(c) above, or if the
Administrative Agent is required at any time to return to the Borrower or
to a trustee, receiver, liquidator, custodian or other Person any portion
of any payment of any Reimbursement Obligation, each Participating Bank
shall, not later than the Business Day it receives a request from the
Administrative Agent to such effect, if such request is received before
1:00 p.m. (Chicago time), or not later than the following Business Day, if
such request is received after such time, pay to the Administrative Agent
an amount equal to its Percentage of such unpaid or recaptured
Reimbursement Obligation together with interest on such amount accrued from
the date the related payment was made by the Administrative Agent to the
date of such payment by such Participating Bank at a rate per annum equal
to (i) from the date the related payment was made by the Administrative
Agent to the date two (2) Business Days after payment by such Participating
Bank is due hereunder (a) if such Letter of Credit is denominated in U.S.
Dollars, the Federal Funds Rate for each day and (b) if such Letter of
Credit is denominated in Euros, Japanese Yen or Pound Sterling at the rate
of interest per annum as determined by the Administrative Agent at which
overnight or weekend deposits in the relevant currency for delivery of
immediately available and freely transferable funds are offered by the
Administrative Agent to major banks in the interbank market for each such

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day and (ii) from the date two (2) Business Days after the date such
payment is due from such Participating Bank to the date such payment is
made by such Participating Bank, (a) if such Letter of Credit is
denominated in U.S. Dollars, the Domestic Rate in effect for each such day
and (b) if such Letter of Credit is denominated in Euros, Japanese Yen or
Pound Sterling, the rate established by Section 1.10(b) for Eurocurrency
Loans denominated in such currency.  Each such Participating Bank shall
thereafter be entitled to receive its Percentage of each payment received
in respect of the relevant Reimbursement Obligation and of interest paid
thereon, with the Administrative Agent retaining its Percentage as a Bank
hereunder.

      The several obligations of the Participating Banks to the
Administrative Agent under this Section 1.3 shall be absolute, irrevocable
and unconditional under any and all circumstances whatsoever (except,
without limiting the Borrower's obligations under each Application, to the
extent the Borrower is relieved from its obligation to reimburse the
Administrative Agent for a drawing under a Letter of Credit because of the
Administrative Agent's gross negligence or willful misconduct in
determining that documents received under the Letter of Credit comply with
the terms thereof) and shall not be subject to any set-off, counterclaim or
defense to payment which any Participating Bank may have or have had
against the Borrower, the Administrative Agent, any other Bank or any other
Person whatsoever.  Without limiting the generality of the foregoing, such
obligations shall not be affected by any Default or Event of Default or by
any reduction or termination of any Commitment of any Bank, and each
payment by a Participating Bank under this Section 1.3 shall be made
without any offset, abatement, withholding or reduction whatsoever.  The
Administrative Agent shall be entitled to offset amounts received for the
account of a Bank under this Agreement against unpaid amounts due from such
Bank to the Administrative Agent hereunder (whether as fundings of
participations, indemnities or otherwise), but shall not be entitled to
offset against amounts owed to the Administrative Agent by any Bank arising
outside this Agreement.

      (e)   INDEMNIFICATION.  The Participating Banks shall, to the extent
of their respective Percentages, indemnify the Administrative Agent (to the
extent not reimbursed by the Borrower) against any cost, expense (including
reasonable counsel fees and disbursements), claim, demand, action, loss or
liability (except such as result from the Administrative Agent's gross
negligence or willful misconduct) that the Administrative Agent may suffer
or incur in connection with any Letter of Credit.  The obligations of the
Participating Banks under this Section 1.3(e) and all other parts of this
Section 1.3 shall survive termination of this Agreement and of all other
L/C Documents.

      SECTION 1.4.  APPLICABLE INTEREST RATES.

      (a)   DOMESTIC RATE LOANS.  Each Domestic Rate Loan made or
maintained by a Bank shall bear interest during each Interest Period it is
outstanding (computed on the basis of a year of 365 or 366 days, as
applicable, and actual days elapsed) on the unpaid principal amount thereof
from the date such Loan is advanced, continued or created by conversion
from a Eurocurrency Loan until maturity (whether by acceleration or
otherwise) at a rate per annum equal to the sum of the Applicable Margin
PLUS the Domestic Rate from time to time in effect, payable on the last day
of its Interest Period and at maturity (whether by acceleration or
otherwise).

      "Domestic Rate" means for any day the greater of:

            (i)   the rate of interest announced or otherwise established
      by the Administrative Agent from time to time as its prime commercial
      rate, or equivalent, as in effect on such day, with any change in the
      Domestic Rate resulting from a change in said prime commercial rate
      to be effective as of the date of the relevant change in said prime
      commercial rate (it being acknowledged and agreed that such rate may
      not be the Administrative Agent's best or lowest rate); and

                                     5
<PAGE>
            (ii)  the sum of (x) the rate determined by the Administrative
      Agent to be the average of the rates per annum (rounded upwards, if
      necessary, to the nearest one hundred-thousandth of a percentage
      point) at approximately 10:00 a.m. (Chicago time) (or as soon
      thereafter as is practicable) on such day (or, if such day is not a
      Business Day, on the immediately preceding Business Day) by two or
      more Federal Funds brokers selected by the Administrative Agent for
      sale to the Administrative Agent at face value of overnight Federal
      Funds in an amount comparable to the principal amount owed to the
      Banks for which such rate is being determined, PLUS (y) 1/2 of 1%
      (0.50%).

      (b)   EUROCURRENCY LOANS.  Each Eurocurrency Loan made or maintained
by a Bank shall bear interest during each Interest Period it is outstanding
(computed on the basis of a year of 360 days and actual days elapsed except
for Eurocurrency Loans denominated in Pounds Sterling which shall be
computed on the basis of a year of 365 days and actual days elapsed) on the
unpaid principal amount thereof from the date such Loan is advanced,
continued, or created by conversion from a Domestic Rate Loan until
maturity (whether by acceleration or otherwise) at a rate per annum equal
to the sum of the Applicable Margin PLUS the Adjusted LIBOR applicable for
such Interest Period, payable on the last day of the Interest Period and at
maturity (whether by acceleration or otherwise), and, if the applicable
Interest Period is longer than three months, on each day occurring every
three months after the commencement of such Interest Period.

      "Adjusted LIBOR" means, for any Borrowing of Eurocurrency Loans, a
rate per annum determined in accordance with the following formula:

      Adjusted LIBOR =               LIBOR
                        -----------------------------------
                        1 - Eurocurrency Reserve Percentage

      "LIBOR" means, for an Interest Period for a Borrowing of Eurocurrency
Loans, (a) the LIBOR Index Rate for such Interest Period, if such rate is
available, and (b) if the LIBOR Index Rate cannot be determined, the
average rate of interest per annum (rounded upwards, if necessary, to the
nearest one hundred-thousandth of a percentage point) at which deposits in
U.S. Dollars or the relevant Alternative Currency, as appropriate, in
immediately available funds are offered to the Administrative Agent at
11:00 a.m. (London, England time) two (2) Business Days before the
beginning of such Interest Period by major banks in the interbank
eurocurrency market for delivery on the first day of and for a period equal
to such Interest Period in an amount equal or comparable to the principal
amount of the Eurocurrency Loan scheduled to be made by the Administrative
Agent as part of such Borrowing.

      "LIBOR Index Rate" means, for any Interest Period, the rate per annum
(rounded upwards, if necessary, to the next higher one hundred-thousandth
of a percentage point) for deposits in U.S. Dollars or the relevant
Alternative Currency, as appropriate, for a period equal to such Interest
Period, which appears on the appropriate Telerate Page for such currency,
as of 11:00 a.m. (London, England time) on the day two (2) Business Days
before the commencement of such Interest Period.

      "Telerate Page" means the page designated on the Telerate Service (or
such other service as may be nominated by the British Bankers' Association
as the information vendor for the purpose of displaying British Bankers'
Association Interest Settlement Rates) for the applicable currency.

                                     6
<PAGE>
      "Eurocurrency Reserve Percentage" means, for any Borrowing of
Eurocurrency Loans, the daily average for the applicable Interest Period of
the maximum rate, expressed as a decimal, at which reserves (including,
without limitation, any supplemental, marginal and emergency reserves) are
imposed during such Interest Period by the Board of Governors of the
Federal Reserve System (or any successor) on "eurocurrency liabilities", as
defined in such Board's Regulation D (or in respect of any other category
of liabilities that includes deposits by reference to which the interest
rate on Eurocurrency Loans is determined or any category of extensions of
credit or other assets that include loans by non-United States offices of
any Bank to United States residents), subject to any amendments of such
reserve requirement by such Board or its successor, taking into account any
transitional adjustments thereto.  For purposes of this definition, the
Eurocurrency Loans shall be deemed to be "eurocurrency liabilities" as
defined in Regulation D without benefit or credit for any prorations,
exemptions or offsets under Regulation D.

      (c)   RATE DETERMINATIONS.  The Administrative Agent shall determine
each interest rate applicable to the Loans, and a reasonable determination
thereof by the Administrative Agent shall be conclusive and binding except
in the case of manifest error or willful misconduct.  The Original Dollar
Amount of each Eurocurrency Loan denominated in an Alternative Currency
shall be determined or redetermined, as applicable, effective as of the
first day of each Interest Period applicable to such Loan.

      SECTION 1.5.  MINIMUM BORROWING AMOUNTS.  Each Borrowing of Domestic
Rate Loans shall be in an amount not less than $1,000,000 and in integral
multiples of $100,000.  Each Borrowing of Eurocurrency Loans shall be in an
amount not less than an Original Dollar Amount of $3,000,000 and in
integral multiples of 100,000 units of the relevant currency as would have
the Original Dollar Amount most closely approximating $100,000 or an
integral multiple thereof.

      SECTION 1.6.  MANNER OF BORROWING LOANS AND DESIGNATING INTEREST
RATES APPLICABLE TO LOANS.

      (a)   NOTICE TO THE ADMINISTRATIVE AGENT.  The Borrower shall give
notice to the Administrative Agent by no later than (i) 12:00 noon (Chicago
time) at least four (4) Business Days before the date on which the Borrower
requests the Banks to advance a Borrowing of Eurocurrency Loans denominated
in an Alternative Currency, (ii) 12:00 noon (Chicago time) at least three
(3) Business Days before the date on which the Borrower requests the Banks
to advance a Borrowing of Eurocurrency Loans denominated in U.S. Dollars
and (iii) 12:00 noon (Chicago time) on the date on which the Borrower
requests the Banks to advance a Borrowing of Domestic Rate Loans.  The
Loans included in each Borrowing shall bear interest initially at the type
of rate specified in such notice of a new Borrowing.  Thereafter, the
Borrower may from time to time elect to change or continue the type of
interest rate borne by each Borrowing or, subject to the minimum amount
requirement for each outstanding Borrowing contained in Section 1.5 hereof,
a portion thereof, as follows:  (i) if such Borrowing is of Eurocurrency
Loans, on the last day of the Interest Period applicable thereto, the
Borrower may continue part or all of such Borrowing as Eurocurrency Loans
for an Interest Period or Interest Periods specified by the Borrower or, if
such Eurocurrency Loan is denominated in U.S. Dollars, convert part or all
of such Borrowing into Domestic Rate Loans, (ii) if such Borrowing is of
Domestic Rate Loans, on any Business Day, the Borrower may convert all or
part of such Borrowing into Eurocurrency Loans denominated in U.S. Dollars
for an Interest Period or Interest Periods specified by the Borrower.  The
Borrower shall give all such notices requesting the advance, continuation,
or conversion of a Borrowing to the Administrative Agent by telephone or
telecopy (which notice shall be irrevocable once given and, if by
telephone, shall be promptly confirmed in writing).  Notices of the
continuation of a Borrowing of Eurocurrency Loans denominated in U.S.
Dollars for an additional Interest Period or of the conversion of part or
all of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars into

                                     7
<PAGE>
Domestic Rate Loans or of Domestic Rate Loans into Eurocurrency Loans must
be given by no later than 12:00 noon (Chicago time) at least three (3)
Business Days before the date of the requested continuation or conversion.
Notices of the continuation of a Borrowing of Eurocurrency Loans
denominated in an Alternative Currency must be given no later than 12:00
noon (Chicago time) at least four (4) Business Days before the requested
continuation.  All such notices concerning the advance, continuation, or
conversion of a Borrowing shall specify the date of the requested advance,
continuation or conversion of a Borrowing (which shall be a Business Day),
the amount of the requested Borrowing to be advanced, continued, or
converted, the type of Loans to comprise such new, continued or converted
Borrowing and, if such Borrowing is to be comprised of Eurocurrency Loans,
the currency and Interest Period applicable thereto.  The Borrower agrees
that the Administrative Agent may rely on any such telecopy notice given by
any person it in good faith believes is an Authorized Representative
without the necessity of independent investigation, and in the event any
such notice by telephone conflicts with any written confirmation, such
telephonic notice shall govern if the Administrative Agent has acted in
reliance thereon.

      (b)   NOTICE TO THE BANKS.  The Administrative Agent shall give
prompt telephonic or telecopy notice to each Bank (which notice if by
telephone, shall be promptly confirmed in writing) of any notice from the
Borrower received pursuant to Section 1.6(a) above.  The Administrative
Agent shall give notice to the Borrower and each Bank by like means of the
interest rate applicable to each Borrowing of Eurocurrency Loans and, if
such Borrowing is denominated in an Alternative Currency, shall give notice
by such means to the Borrower and each Bank of the Original Dollar Amount
thereof.

      (c)   BORROWER'S FAILURE TO NOTIFY.  Any outstanding Borrowing of
Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be
continued for an additional Interest Period on the last day of its then
current Interest Period unless the Borrower has notified the Administrative
Agent within the period required by Section 1.6(a) that it intends to
convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies
the Administrative Agent within the period required by Section 1.9(a) that
it intends to prepay such Borrowing.  If the Borrower fails to give notice
pursuant to Section 1.6(a) above of the continuation or conversion of any
outstanding principal amount of a Borrowing of Eurocurrency Loans
denominated in U.S. Dollars before the last day of its then current
Interest Period within the period required by Section 1.6(a) and has not
notified the Administrative Agent within the period required by
Section 1.9(a) that it intends to prepay such Borrowing, such Borrowing
shall automatically be converted into a Borrowing of Domestic Rate Loans,
subject to Section 6.2 hereof.  If the Borrower fails to give notice
pursuant to Section 1.6(a) above of the continuation of any outstanding
principal amount of a Borrowing of Eurocurrency Loans denominated in an
Alternative Currency before the last day of its then current Interest
Period within the period required by Section 1.6(a) and has not notified
the Administrative Agent within the period required by Section 1.9(a) that
it intends to prepay such Borrowing, such Borrowing shall automatically be
continued as a Borrowing of Eurocurrency Loans in the same Alternative
Currency with an Interest Period of one month, subject to Section 6.2
hereof, including the application of Section 1.4 and of the restrictions
contained in the definition of Interest Period.

      (d)   DISBURSEMENT OF LOANS.  Not later than 11:00 a.m. (Chicago
time) on the date of any requested advance of a new Borrowing of
Eurocurrency Loans, and not later than 2:00 p.m. (Chicago time) on the date
of any requested advance of a new Borrowing of Domestic Rate Loans (other
than Domestic Rate Loans the proceeds of which are used to repay Swingline
Loans), subject to Section 6 hereof, each Bank shall make available its
Loan comprising part of such Borrowing in funds immediately available at
the principal office of the Administrative Agent in Chicago, Illinois,
except that if such Borrowing is denominated in an Alternative Currency
each Bank shall, subject to Section 1.4(c) and Section 6, make available
its Loan comprising part of such Borrowing at such office as the
Administrative Agent has previously specified in a notice to each Bank, in

                                     8
<PAGE>
such funds as are then customary for the settlement of international
transactions in such currency and no later than such local time as is
necessary for such funds to be received and transferred to the Borrower for
same day value on the date of the Borrowing.  The Administrative Agent
shall make available to the Borrower Loans denominated in U.S. Dollars at
the Administrative Agent's principal office in Chicago, Illinois and Loans
denominated in Alternative Currencies at such office as the Administrative
Agent has previously agreed to with the Borrower, in each case in the type
of funds received by the Administrative Agent from the Banks.

      (e)   ADMINISTRATIVE AGENT RELIANCE ON BANK FUNDING.  Unless the
Administrative Agent shall have been notified by a Bank before the date or,
in the case of a Borrowing of Domestic Rate Loans prior to 1:00 p.m.
(Chicago time) on the date, on which such Bank is scheduled to make payment
to the Administrative Agent of the proceeds of a Loan (which notice shall
be effective upon receipt) that such Bank does not intend to make such
payment, the Administrative Agent may assume that such Bank has made such
payment when due and the Administrative Agent may in reliance upon such
assumption (but shall not be required to) make available to the Borrower
the proceeds of the Loan to be made by such Bank and, if any Bank has not
in fact made such payment to the Administrative Agent, such Bank shall, on
demand, pay to the Administrative Agent the amount made available to the
Borrower attributable to such Bank together with interest thereon in
respect of each day during the period commencing on the date such amount
was made available to the Borrower and ending on (but excluding) the date
such Bank pays such amount to the Administrative Agent at a rate per annum
equal to (i) from the date the related advance was made by the
Administrative Agent to the date two (2) Business Days after payment by
such Bank is due hereunder, the Federal Funds Rate for each such day or, in
the case of a Loan denominated in an Alternative Currency, the cost to the
Administrative Agent of funding the amount it advanced to fund such Bank's
Loan, as determined by the Administrative Agent and (ii) from the date two
(2) Business Days after the date such payment is due from such Bank to the
date such payment is made by such Bank, the Domestic Rate in effect for
each such day or, in the case of a Loan denominated in an Alternative
Currency, the rate established by Section 1.10(b) for Eurocurrency Loans
denominated in such currency.  If such amount is not received from such
Bank by the Administrative Agent immediately upon demand, the Borrower
will, on demand, repay to the Administrative Agent the proceeds of the Loan
attributable to such Bank with interest thereon at a rate per annum equal
to the interest rate applicable to the relevant Loan, but without such
payment being considered a payment or prepayment of a Loan under
Section 1.12 hereof, so that the Borrower will have no liability under such
Section with respect to such payment.

      SECTION 1.7.  INTEREST PERIODS.  As provided in Section 1.2(d) and
1.6(a) hereof, at the time of each request to advance, continue, or create
by conversion a Borrowing of Eurocurrency Loans or Swingline Loans, as
applicable, the Borrower shall select an Interest Period applicable to such
Loans from among the available options.  The term "Interest Period" means
the period commencing on the date a Borrowing of Loans is advanced,
continued, or created by conversion and ending:  (a) in the case of
Domestic Rate Loans, on the last day of the calendar quarter in which such
Borrowing is advanced, continued, or created by conversion (or on the last
day of the following quarter if such Loan is advanced, continued or created
by conversion on the last day of a calendar quarter), (b) in the case of
Eurocurrency Loans, 1, 2, 3, 6, or, if available to all the Banks, 9 or 12
months thereafter, and (c) in the case of Swingline Loans, on the date, as
the Borrower may select, one to five days thereafter; PROVIDED, HOWEVER,
that:

            (a)   any Interest Period for a Borrowing of Loans consisting
      of Domestic Rate Loans that otherwise would end after the Termination
      Date shall end on the Termination Date;

                                     9
<PAGE>
            (b)   whenever the last day of any Interest Period would
      otherwise be a day that is not a Business Day, the last day of such
      Interest Period shall be extended to the next succeeding Business
      Day, PROVIDED that, if such extension would cause the last day of an
      Interest Period for a Borrowing of Eurocurrency Loans to occur in the
      following calendar month, the last day of such Interest Period shall
      be the immediately preceding Business Day; and

            (c)   for purposes of determining an Interest Period for a
      Borrowing of Eurocurrency Loans, a month means a period starting on
      one day in a calendar month and ending on the numerically
      corresponding day in the next calendar month; PROVIDED, HOWEVER, that
      if there is no numerically corresponding day in the month in which
      such an Interest Period is to end or if such an Interest Period
      begins on the last Business Day of a calendar month, then such
      Interest Period shall end on the last Business Day of the calendar
      month in which such Interest Period is to end.

      SECTION 1.8.  MATURITY OF LOANS.  Each Loan shall mature and become
due and payable by the Borrower on the Termination Date.  Each Swingline
Loan shall mature and become due and payable on the earlier of (i) the last
day of its Interest Period and (ii) the Termination Date.

      SECTION 1.9.  PREPAYMENTS.

      (a)   OPTIONAL.  The Borrower may prepay without premium or penalty
and in whole or in part (but, if in part, then:  (i) if such Borrowing is
of Domestic Rate Loans, in an amount not less than $500,000, (ii) if such
Borrowing is of Eurocurrency Loans denominated in U.S. Dollars, in an
amount not less than $1,000,000, (iii) if such Borrowing is denominated in
an Alternative Currency, an amount for which the U.S. Dollar Equivalent is
not less than $1,000,000 and (iv) in an amount such that the minimum amount
required for a Borrowing pursuant to Section 1.5 hereof remains
outstanding) any Borrowing of Eurocurrency Loans upon one Business Day's
prior notice to the Administrative Agent or, in the case of a Borrowing of
Domestic Rate Loans, notice delivered to the Administrative Agent no later
than 12:00 noon (Chicago time) on the date of prepayment, such prepayment
to be made by the payment of the principal amount to be prepaid and, in the
case of a prepayment of a Eurocurrency Loan, accrued interest thereon to
the date fixed for prepayment; PROVIDED that in the case of any such
prepayment of Eurocurrency Loans, such prepayment shall be accompanied by
amounts owing under Section 1.12 hereof; PROVIDED further that any amounts
not repaid on the date fixed for prepayment shall be converted (subject to
Sections 1.5 and 6.2 hereof) into a Borrowing of Domestic Rate Loans.  The
Administrative Agent will promptly advise each Bank of any such prepayment
notice it receives from the Borrower.

      (b)   MANDATORY.  (i) If on any March 31, June 30, September 30 or
December 31 occurring after the date hereof the sum of (a) the U.S. Dollar
Equivalent of all outstanding Loans hereunder, (b) the aggregate Original
Dollar Amount of all outstanding Swingline Loans hereunder, and (c) the
U.S. Dollar Equivalent of the L/C Obligations exceeds the Commitments as
then in effect, the Borrower shall immediately prepay Loans and, if
necessary, prefund L/C Obligations in an aggregate amount such that after
giving effect thereto the sum of (A) the U.S. Dollar Equivalent of all
outstanding Loans hereunder, (B) the aggregate Original Dollar Amount of
all outstanding Swingline Loans hereunder, and (C) the U.S. Dollar
Equivalent of the outstanding L/C Obligations is less than or equal to the
Commitments as then in effect.

      (ii)  The Borrower shall, on each date the Commitments are reduced
pursuant to Section 1.13 hereof, prepay the Loans and, if necessary,
prefund the L/C Obligations by the amount, if any, necessary to reduce the
sum of the aggregate Original Dollar Amount of Loans and U.S. Dollar
Equivalent of L/C Obligations then outstanding to the amount to which the
Commitments have been so reduced.

                                    10
<PAGE>
      SECTION 1.10.  DEFAULT RATE.  Notwithstanding anything to the
contrary contained herein, while any Event of Default exists or after
acceleration, the Borrower shall pay interest (after as well as before
entry of judgment thereon to the extent permitted by law) on the principal
amount of all Loans, Swingline Loans and Reimbursement Obligations, and
letter of credit fees from and including the date provided in this Section
1.10 until paid at a rate per annum equal to:

            (a)   for any Domestic Rate Loan, the sum of two percent (2%)
      PLUS the Domestic Rate from time to time in effect PLUS the
      Applicable Margin for Domestic Rate Loans;

            (b)   for any Eurocurrency Loan, the sum of two percent (2%)
      PLUS the rate of interest in effect thereon at the time of such
      default until the end of the Interest Period applicable thereto and,
      thereafter, if such Loan is denominated in U.S. Dollars, at a rate
      per annum equal to the sum of two percent (2%) PLUS the Domestic Rate
      from time to time in effect PLUS the Applicable Margin for Domestic
      Rate Loans or, if such Loan is denominated in an Alternative
      Currency, at a rate per annum equal to the sum of the Eurocurrency
      Margin, PLUS two percent (2%) PLUS the rate of interest per annum as
      determined by the Administrative Agent (rounded upwards, if
      necessary, to the next higher one hundred-thousandth of a percentage
      point) at which overnight or weekend deposits (or, if such amount due
      remains unpaid more than three Business Days, then for such other
      period of time not longer than one month as the Administrative Agent
      may elect in its absolute discretion) of the relevant Alternative
      Currency for delivery in immediately available and freely
      transferablefunds would be offered by the Administrative Agent to
      major banks in the interbank market upon request of such major banks
      for the applicable period as determined above and in an amount
      comparable to the unpaid principal amount of any such Eurocurrency
      Loan (or, if the Administrative Agent is not placing deposits in such
      currency in the interbank market, then the Administrative Agent's
      cost of funds in such currency for such period);

            (c)   for any Swingline Loan, the sum of 2% PLUS the rate of
      interest in effect thereon at the time of such default until the end
      of the Interest Period applicable thereto and, thereafter, at a rate
      per annum equal to 2% PLUS the Applicable Margin for Domestic Rate
      Loans PLUS the Domestic Rate from time to time in effect;

            (d)   for any Reimbursement Obligation, the sum of 2.0% PLUS
      the amounts due under Section 1.3 with respect to such Reimbursement
      Obligation; and

            (e)   for any Letter of Credit, the sum of 2.0% PLUS the letter
      of credit fee due under Section 2.1 with respect to such Letter of
      Credit.

PROVIDED, HOWEVER, that in the absence of acceleration, any adjustments
pursuant to this Section shall be made at the election of the
Administrative Agent, acting at the request or with the consent of the
Required Banks, with written notice to the Borrower.  While any Event of
Default exists or after acceleration, interest shall be paid on demand of
the Administrative Agent at the request or with the consent of the Required
Banks.

      SECTION 1.11.  NOTELESS AGREEMENT; EVIDENCE OF INDEBTEDNESS.

      (a)   Each Bank shall maintain in accordance with its usual practice
an account or accounts evidencing the indebtedness of the Borrower to such
Bank resulting from each Loan made by such Bank from time to time,
including the amounts of principal and interest payable and paid to such
Bank from time to time hereunder.

                                    11
<PAGE>
      (b)   The Administrative Agent shall also maintain accounts in which
it will record (i) the amount of each Loan made hereunder, the type thereof
and the Interest Period with respect thereto, (ii) the amount of any
principal or interest due and payable or to become due and payable from the
Borrower to each Bank hereunder and (c) the amount of any sum received by
the Administrative Agent hereunder from the Borrower and each Bank's share
thereof.

      (c)   The entries maintained in the accounts maintained pursuant to
paragraphs (a) and (b) above shall be PRIMA FACIE evidence of the existence
and amounts of the Obligations therein recorded; PROVIDED, HOWEVER, that
the failure of the Administrative Agent or any Bank to maintain such
accounts or any error therein shall not in any manner affect the obligation
of the Borrower to repay the Obligations in accordance with their terms.

      (d)   Any Bank may request that its Loans or Swingline Loans be
evidenced by a Note.  In such event, the Borrower shall prepare, execute
and deliver to such Bank a Note or Notes payable to the order of such Bank
in a form supplied by the Administrative Agent.  Thereafter, the Loans
evidenced by such Note or Notes and interest thereon shall at all times
(including after any assignment pursuant to Section 12.12) be represented
by one or more Notes payable to the order of the payee named therein or any
assignee pursuant to Section 12.12, except to the extent that any such Bank
or assignee subsequently returns any such Note for cancellation and
requests that such Loans once again be evidenced as described in
subsections (a) and (b) above.

      SECTION 1.12.  FUNDING INDEMNITY.  If any Bank shall incur any loss,
cost or expense (including, without limitation, any loss of profit, and any
loss, cost or expense incurred by reason of the liquidation or re-
employment of deposits or other funds acquired by such Bank to fund or
maintain any Eurocurrency Loan or Swingline Loan or the relending or
reinvesting of such deposits or amounts paid or prepaid to such Bank) as a
result of:

                  (a)   any payment, prepayment or conversion of a
            Eurocurrency Loan or Swingline Loan on a date other than the
            last day of its Interest Period,

                  (b)   any failure (because of a failure to meet the
            conditions of Section 6 or otherwise) by the Borrower to borrow
            or continue a Eurocurrency Loan or Swingline Loan, or to
            convert a Domestic Rate Loan into a Eurocurrency Loan, on the
            date specified in a notice given pursuant to Section 1.6(a) or
            established pursuant to Section 1.6(c) hereof,

                  (c)   any failure by the Borrower to make any
            payment of principal on any Eurocurrency Loan or Swingline Loan
            when due (whether by acceleration or otherwise), or

                  (d)   any acceleration of the maturity of a Eurocurrency
            Loan or Swingline Loan as a result of the occurrence of any
            Event of Default hereunder,

then, upon the demand of such Bank, the Borrower shall pay to such Bank
such amount as will reimburse such Bank for such loss, cost or expense.  If
any Bank makes such a claim for compensation, it shall provide to the
Borrower, with a copy to the Administrative Agent, a certificate executed
by an officer of such Bank setting forth the amount of such loss, cost or
expense in reasonable detail (including an explanation of the basis for and
the computation of such loss, cost or expense) and the amounts shown on
such certificate if reasonably calculated shall be conclusive absent
manifest error.

                                    12
<PAGE>
      SECTION 1.13.  COMMITMENT TERMINATIONS.

      (a)   The Borrower shall have the right at any time and from time to
time, upon five (5) Business Days' prior written notice to the
Administrative Agent, to terminate the Commitments without premium or
penalty, in whole or in part, any partial termination to be in an amount
not less than $5,000,000, PROVIDED that the Commitments may not be reduced
to an amount less than the sum of the Original Dollar Amount of all Loans
and Swingline Loans and the U.S. Dollar Equivalent of all L/C Obligations
then outstanding.  The Borrower shall have the right at any time and from
time to time, by notice to the Administrative Agent, to reduce or terminate
the L/C Commitment without premium or penalty, in whole or in part;
PROVIDED that the L/C Commitment may not be reduced to an amount less than
the U.S. Dollar Equivalent of all L/C Obligations then outstanding. The
Borrower shall have the right at any time and from time to time, by notice
to the Administrative Agent, to reduce or terminate the Swingline
Commitment without premium or penalty, in whole or in part; PROVIDED THAT
the Swingline Commitment may not be reduced to an amount less than the
aggregate principal amount of the Swingline Loans then outstanding.  Any
such termination of the L/C Commitment or the Swingline Commitment shall
not reduce the Commitments unless the Borrower elects to do so in the
manner provided above.

      (b)   The Administrative Agent shall give prompt notice to each Bank
pursuant to this Section 1.13 of any termination of Commitments. Any such
termination of Commitments (i) shall be allocated ratably among the Banks
in proportion to their respective Percentage and (ii) may not be
reinstated.  Any termination of the Commitments to an aggregate amount less
than the L/C Commitment then in effect shall reduce the L/C Commitment to
an amount equal to the Commitments.  Any termination of the Commitments to
an aggregate amount less than the Swingline Commitment then in effect shall
reduce the Swingline Commitment to an amount equal to the Commitments.

      SECTION 1.14.  SUBSTITUTION OF BANKS.  In the event (a) the Borrower
receives a claim from any Bank for compensation under Section 9.3 or 12.1
hereof, (b) the Borrower receives notice from any Bank of any illegality
pursuant to Section 10.1 hereof, (c) any Bank is in default in any material
respect with respect to its obligations under the Credit Documents, or
(d) a Bank fails to consent to an amendment or waiver requested under
Section 12.13 hereof at a time when the Required Banks have approved such
amendment or waiver (any such Bank referred to in clause (a), (b), (c), or
(d) above being hereinafter referred to as an "Affected Bank"), the
Borrower may, in addition to any other rights the Borrower may have
hereunder or under applicable law, require, at its expense, any such
Affected Bank to assign, at par PLUS accrued interest and fees, without
recourse, all of its interest, rights, and obligations hereunder (including
all of its Commitment and the Loans and participation interests in Letters
of Credit and Swingline Loans and other amounts at any time owing to it
hereunder and the other Loan Documents) to a commercial bank or other
financial institution specified by the Borrower, PROVIDED that (i) such
assignment shall not conflict with or violate any law, rule or regulation
or order of any court or other governmental authority, (ii) the Borrower
shall have received the written consent of the Administrative Agent, which
consent shall not be unreasonably withheld or delayed, to such assignment,
(iii) the Borrower shall have paid to the Affected Bank all monies
(together with amounts due such Affected Bank under Section 1.12 hereof as
if the Loans owing to it were prepaid rather than assigned) other than such
principal owing to it hereunder, and (iv) the assignment is entered into in
accordance with the other requirements of Section 12.12 hereof (provided
any assignment fees and reimbursable expenses due thereunder shall be paid
by the Borrower).

                                    13
<PAGE>
      SECTION 1.15.  INCREASE IN COMMITMENTS.  The Borrower may, on any
Business Day prior to the Termination Date, with the written consent of the
Administrative Agent (which consent shall not be unreasonably withheld or
delayed), increase the aggregate amount of the Commitments by delivering a
Commitment Amount Increase Request substantially in the form attached
hereto as Exhibit D or in such other form acceptable to the Administrative
Agent at least five (5) Business Days prior to the desired effective date
of such increase (the "Commitment Amount Increase") identifying an
additional Bank (or additional Commitments for existing Bank(s)) and the
amount of its Commitment (or additional amount of its Commitment(s));
PROVIDED, HOWEVER, that (i) any increase of the aggregate amount of the
Commitments to an amount in excess of $600,000,000 will require the
approval of all the Banks, (ii) any increase of the aggregate amount of the
Commitments shall be in an amount not less than $15,000,000, (iii) no
Default or Event of Default shall have occurred and be continuing at the
time of the request or  the effective date of the Commitment Amount
Increase and (iv) all representations and warranties contained in Section 6
hereof shall be true and correct at the time of such request and on the
effective date of such Commitment Amount Increase.  The effective date of
the Commitment Amount Increase shall be agreed upon by the Borrower and the
Administrative Agent.  Upon the effectiveness thereof, the new Bank(s) (or,
if applicable, existing Bank(s)) shall advance Loans in an amount
sufficient such that after giving effect to its Loans each Bank shall have
outstanding its Percentage of Loans.  It shall be a condition to such
effectiveness that (i) if any Eurocurrency Loans are outstanding on the
date of such effectiveness, such Eurocurrency Loans shall be deemed to be
prepaid on such date and the Borrower shall pay any amounts owing to the
Banks pursuant to Section 1.12 hereof and (ii) the Borrower shall not have
terminated any portion of the Commitments pursuant to Section 1.13 hereof.
The Borrower agrees to pay any reasonable expenses of the Administrative
Agent relating to any Commitment Amount Increase.  Promptly upon the
effectiveness of any Commitment Amount Increase, the Borrower, if requested
by any new Bank, shall execute and deliver new Notes to each requesting
Bank.  Notwithstanding anything herein to the contrary, no Bank shall have
any obligation to increase its Commitment and no Bank's Commitment shall be
increased without its consent thereto, and each Bank may at its option,
unconditionally and without cause, decline to increase its Commitment.

SECTION 2.  FEES.

      SECTION 2.1.  FEES.

      (a)   FACILITY FEE.  For the period from the Effective Date to and
including the Termination Date, the Borrower shall pay to the
Administrative Agent for the ratable account of the Banks in accordance
with their Percentages a facility fee (the "Facility Fee") on the average
daily Commitments at a rate of:  (i) 0.10% per annum for each day Level I
Status exists, (ii) 0.125% per annum for each day Level II Status exists,
(iii) 0.15% per annum for each day Level III Status exists, (iv) 0.175% per
annum for each day Level IV Status exists, and (v) 0.20% per annum for each
day Level V Status exists; PROVIDED that if any Bank continues to have
outstanding Loans, Swingline Loans or L/C Obligations (including
participations therein) after its Commitment terminates, then the Facility
Fee shall continue to accrue on the daily amount of such Bank's outstanding
Loans, Swingline Loans and L/C Obligations (including participations
therein).  Accrued Facility Fees shall be due and payable in arrears on
March 31, 2006, on the last day of each calendar quarter thereafter and on
the Termination Date, unless the Commitments are terminated in whole on an
earlier date, in which event the fee for the period to but not including
the date of such termination shall be paid in whole on the date of such
termination; PROVIDED that any Facility Fee accruing after the date the
Commitments terminate shall be payable on demand.

                                    14
<PAGE>
      (b)   LETTER OF CREDIT FEES.  On the date of issuance or extension,
or increase in the amount, of any Letter of Credit pursuant to Section 1.3
hereof, the Borrower shall pay to the Administrative Agent an issuance fee
equal to 0.125% of the face amount of (or of the increase in the face
amount of) such Letter of Credit.  Quarterly in arrears, on the last day of
each calendar quarter, commencing on March 31, 2006, the Borrower shall pay
to the Administrative Agent, for the ratable benefit of the Banks in
accordance with their Percentages, a letter of credit fee at a rate per
annum equal to the Applicable Margin for Eurocurrency Loans in effect
during each day of such quarter applied to the daily average U.S. Dollar
Equivalent of the face amount of Letters of Credit outstanding during such
quarter.

      (c)   ADMINISTRATIVE AGENT FEES.  The Borrower shall pay to the
Administrative Agent the fees agreed to between the Administrative Agent
and the Parent in a letter dated February 1, 2006 or as otherwise
subsequently agreed between them.

      (d)   FEE CALCULATIONS.  All fees payable under Section 2.1(a) and
(b) shall be computed on the basis of a year of 365 or 366 days, as
applicable, for the actual number of days elapsed.

SECTION 3.  PLACE AND APPLICATION OF PAYMENTS.

      SECTION 3.1.  PLACE AND APPLICATION OF PAYMENTS.  All payments of
principal of and interest on the Loans and the Reimbursement Obligations,
and of all other amounts payable by the Borrower under this Agreement,
shall be made by the Borrower to the Administrative Agent by no later than
12:00 Noon (Chicago time) on the due date thereof at the principal office
of the Administrative Agent in Chicago, Illinois (or such other location in
the State of Illinois as the Administrative Agent may designate to the
Borrower) or, if such payment is to be made in an Alternative Currency, no
later than 12:00 noon local time at the place of payment to such office as
the Administrative Agent has previously specified in a notice to the
Borrower for the benefit of the Person or Persons entitled thereto.  Any
payments received after such time shall be deemed to have been received by
the Administrative Agent on the next Business Day.  All such payments shall
be made (i) in U.S. Dollars, in immediately available funds at the place of
payment, or (ii) in the case of amounts payable hereunder in an Alternative
Currency, in such Alternative Currency in such funds then customary for the
settlement of international transactions in such currency, in each case
without setoff or counterclaim.  The Administrative Agent will promptly
thereafter cause to be distributed like funds relating to the payment of
principal or interest on Loans and on Reimbursement Obligations in which
the Banks have purchased Participating Interests or facility fees ratably
to the Banks and like funds relating to the payment of any other amount
payable to any Person to such Person, in each case to be applied in
accordance with the terms of this Agreement.  If the Administrative Agent
causes amounts to be distributed to the Banks in reliance upon the
assumption that the Borrower will make a scheduled payment and such
scheduled payment is not so made, each Bank shall, on demand, repay to the
Administrative Agent the amount distributed to such Bank together with
interest thereon in respect of each day during the period commencing on the
date such amount was distributed to such Bank and ending on (but excluding)
the date such Bank repays such amount to the Administrative Agent, at a
rate per annum equal to:  (i) from the date the distribution was made to
the date two (2) Business Days after payment by such Bank is due hereunder,
(x) if such scheduled payment was to be made in U.S. Dollars, the Federal
Funds Rate for each such day and (y) if such scheduled payment was to be
made in an Alternative Currency, the rate established by Section 1.10(b)
hereof for Eurocurrency Loans denominated in such currency and (ii) from
the date two (2) Business Days after the date such payment is due from such
Bank to the date such payment is made by such Bank, (x) if such scheduled
payment was to be made in U.S. Dollars, the Base Rate in effect for each
such day and (y) if such scheduled payment was to be made in an Alternative
Currency, the rate per annum established by Section 1.10(b) hereof for
Eurocurrency Loans denominated in such currency.

                                    15
<PAGE>
SECTION 4.  DEFINITIONS; INTERPRETATION.

      SECTION 4.1.  DEFINITIONS.  The following terms when used herein have
the following meanings:

      "Account" is defined in Section 8.4(b) hereof.

      "Acquisition" means any transaction, or any series of related
transactions, consummated after the Effective Date, by which the Parent or
any of its Subsidiaries (i) acquires any going business or all or
substantially all of the assets of any firm, corporation or division
thereof, whether through purchase of assets, merger or otherwise,
(ii) directly or indirectly acquires (in one transaction or as the most
recent transaction in a series of transactions) at least a majority (in
number of votes) of the securities of a corporation which have ordinary
voting power for the election of directors (other than securities having
such power only by reason of the happening of a contingency) or at least a
majority of the partnership interests of any partnership or (iii) merges,
consolidates or otherwise combines with another Person (other than a Person
that is a Subsidiary or the Parent) PROVIDED that the Parent or the
Subsidiary is the surviving entity.

      "Act"  is defined in Section 12.27 hereof.

      "Adjusted EBIT" means, for any period, Consolidated Net Income for
such period PLUS all amounts deducted in arriving at such Consolidated Net
Income for such period for (i) Interest Expense, (ii) federal, state and
local income tax expense, (iii) all non-cash contributions or accruals to
or with respect to deferred profit sharing or compensation, and (iv)
Permitted Adjustments; PROVIDED that any amounts added to Consolidated Net
Income pursuant to clause (iii) above for any period shall be deducted from
Consolidated Net Income for the period, if ever, in which such amounts are
paid in cash by the Parent or any of its Subsidiaries.

      "Adjusted EBITDA" means, for any period, Consolidated Net Income for
such period PLUS all amounts deducted in arriving at such Consolidated Net
Income for such period for (i) Interest Expense, (ii) federal, state and
local income tax expense, (iii) all amounts properly charged for
depreciation of fixed assets and amortization of intangible assets on the
books of the Parent and its Restricted Subsidiaries, (iv) all non-cash
contributions or accruals to or with respect to deferred profit sharing or
compensation, and (v) Permitted Adjustments; PROVIDED that any amounts
added to Consolidated Net Income pursuant to clause (iv) above for any
period shall be deducted from Consolidated Net Income for the period, if
ever, in which such amounts are paid in cash by the Parent or any of its
Subsidiaries.

      "Adjusted LIBOR" is defined in Section 1.4(b) hereof.

      "Administrative Agent" means Harris N.A. and any successor pursuant
to Section 10.7 hereof.

      "Administrative Questionnaire" means an administrative questionnaire
in a form supplied by the Administrative Agent.

      "Affected Bank" is defined in Section 1.14 hereof.

                                    16
<PAGE>
      "Affiliate" means, as to any Person, any other Person which directly
or indirectly controls, or is under common control with, or is controlled
by, such Person.  As used in this definition, "control" (including, with
their correlative meanings, "controlled by" and "under common control
with") means possession, directly or indirectly, of power to direct or
cause the direction of management or policies of a Person (whether through
ownership of securities or partnership or other ownership interests, by
contract or otherwise), PROVIDED that, in any event for purposes of this
definition:  (i) any Person which owns directly or indirectly 5% or more of
the securities having ordinary voting power for the election of directors
or other governing body of a corporation or 5% or more of the partnership
or other ownership interests of any other Person (other than as a limited
partner of such other Person) will be deemed to control such corporation or
other Person; and (ii) each director and executive officer of the Parent or
any Subsidiary shall be deemed an Affiliate of the Parent and each
Subsidiary.

      "Alternative Currency" means any of Australian Dollars, Canadian
Dollars, Euros, Hong Kong Dollars, Japanese Yen, New Zealand Dollars, Pound
Sterling, Singapore Dollars, and Swiss Francs, and any other currency
approved by all the Banks, in each case for so long as such currency is
readily available to all the Banks and is freely transferable and freely
convertible to U.S. Dollars and the Dow Jones Telerate Service or Reuters
Monitor Money Rates Service (or any successor to either) reports a LIBOR
for such currency for interest periods of one, two, three and six calendar
months; PROVIDED THAT if any Bank provides written notice to the Borrower
(with a copy to the Administrative Agent) that any currency control or
other exchange regulations are imposed in the country in which any such
Alternative Currency is issued and that in the reasonable opinion of such
Bank funding a Loan in such currency is impractical, then such currency
shall cease to be an Alternative Currency hereunder until such time as all
the Banks reinstate such country's currency as an Alternative Currency.

      "Applicable Margin" means, on any date for any Domestic Rate Loan or
Eurocurrency Loan the rate per annum set forth below, as in effect on such
date as determined pursuant to the provisions of the definition of Pricing
Date:

<TABLE>
<CAPTION>
                                                Domestic
      Level             Eurocurrency Loans      Rate Loans
      -----             ------------------      ----------
<S>                     <C>                     <C>
      Level I Status          0.45%                0%
      Level II Status         0.60%                0%
      Level III Status        0.70%                0%
      Level IV Status         0.90%                0%
      Level V Status          1.10%                0%
</TABLE>

; PROVIDED that from the Closing Date until the first Pricing Date the
Borrower shall be in Level I.

      "Application" is defined in Section 1.3(b) hereof.

      "Authorized Representative" means those persons shown on the list of
officers provided by the Borrower pursuant to Section 6.1(g) hereof, or on
any updated such list provided by the Parent to the Administrative Agent,
or any further or different officer of the Borrower so named by any
Authorized Representative of the Parent in a written notice to the
Administrative Agent.

      "Bank" is defined in the introductory paragraph of this Agreement and
includes the Administrative Agent in its capacity as issuer of Letters of
Credit and holder of L/C Obligations after giving effect to each
Participating Bank's interest therein.

      "Borrower" is defined in the introductory paragraph of this
Agreement.

                                    17
<PAGE>
      "Borrowing" means the total of Loans and Swingline Loans, as
applicable, of a single type advanced, continued for an additional Interest
Period, or converted from a different type into such type by the Banks on a
single date and for a single Interest Period.  Borrowings of Loans are made
and maintained ratably from each of the Banks according to their
Percentages.  Borrowings of Swingline Loans are made by the Administrative
Agent in accordance with the procedures set forth in Section 1.2 hereof.  A
Borrowing is "advanced" on the day Banks advance funds comprising such
Borrowing to the Borrower, is "continued" on the day a new Interest Period
for the same type of Loans commences for such Borrowing, and is "converted"
on the day such Borrowing is changed from one type of Loan to the other,
all as requested by the Borrower pursuant to Section 1.6(a).

      "Business Day" means any day other than a Saturday or Sunday on which
Banks are not authorized or required to close in Chicago, Illinois and, if
the applicable Business Day relates to the borrowing or payment of a
Eurocurrency Loan or a Letter of Credit denominated in an Alternative
Currency, on which banks are dealing in U.S. Dollar deposits or the
relevant Alternative Currency in the interbank market in London, England
and, if the applicable Business Day relates to the borrowing or payment of
a Eurocurrency Loan denominated in an Alternative Currency, on which banks
and foreign exchange markets are open for business in the city where
disbursements of or payments on such Loan are to be made and, if such
Alternative Currency is the Euro or any national currency of a nation that
is a member of the European Economic and Monetary Union, which is a TARGET
Settlement Day.

      "Capital Lease" means at any date any lease of Property which, in
accordance with GAAP, would be required to be capitalized on the balance
sheet of the lessee.

      "Capitalized Lease Obligations" means, for any Person, the amount of
such Person's liabilities under Capital Leases determined at any date in
accordance with GAAP.

      "Change of Control" means at any time:

                  (i)   the Parent ceases to be the ultimate "beneficial
      owner" (as defined in Rule 13d-3 under the Securities Exchange Act of
      1934, as amended (the "Exchange Act")) of at least 99% of the total
      voting power of the Voting Stock of the Borrower;

                  (ii)  any Person becomes the beneficial owner of
      securities of the Parent representing 30% or more of the then
      outstanding Voting Stock of the Parent; or

                  (iii) during any period of twenty-four consecutive months
      beginning after the Effective Date, individuals who at the beginning
      of such period constitute the Board of Directors of the Parent (the
      "Board"), together with any new director (other than a director
      designated by a person who has entered into an agreement with the
      Parent to effect a transaction described in clause (ii) of this
      Change of Control definition) whose election or nomination for
      election was approved by a vote of at least two-thirds of the
      directors then still in office who either were directors at the
      beginning of the period or whose election or nomination for election
      was previously so approved, cease for any reason to constitute a
      majority of the Board.

      For purposes of the definition of Change of Control, "Person" shall
have the meaning ascribed to such term in Section 3(a)(9) of the Exchange
Act as supplemented by Section 13(d)(3) of the Exchange Act; PROVIDED,
HOWEVER, that Person shall not include (i) the Parent or any Wholly-Owned
Subsidiary, or (ii) any Person who, as of the Effective Date, was the
beneficial owner of securities of the Parent representing 20% or more of
the combined voting power.

                                    18
<PAGE>
      "Code" means the Internal Revenue Code of 1986, as amended.

      "Commitment" means, as to any Bank, the obligation of such Bank to
make Loans and to participate in Swingline Loans and Letters of Credit
issued for the account of the Borrower hereunder in an aggregate principal
or face amount at any one time outstanding not to exceed the amount set
forth opposite such Bank's name under the heading "Commitment" on Schedule
1 attached hereto and made a part hereof, as the same may be reduced or
modified at any time or from time to time pursuant to the terms hereof.

      "Commitment Amount Increase" is defined in Section 1.15 hereof.

      "Compliance Certificate" means a certificate in the form of Exhibit B
hereto.

      "Consolidated Net Income" means, for any period, the net income (or
net loss) of the Parent and its Restricted Subsidiaries for such period
computed on a consolidated basis in accordance with GAAP, but excluding any
extraordinary profits or losses; PROVIDED THAT there shall be included in
such determination for such period all such amounts attributable to any
Person acquired pursuant to an Acquisition to the extent such Person is not
subsequently sold or otherwise disposed of (other than in a transaction
pursuant to which the business of such Person is retained by the Parent or
a Subsidiary of the Parent) during such period for the portion of such
period prior to such Acquisition.

      "Consolidated Net Worth" means, as of the date of any determination
thereof, the amount reflected as stockholders' equity upon a consolidated
balance sheet of the Parent and its Restricted Subsidiaries for such date
computed on a consolidated basis in accordance with GAAP.

      "Contractual Obligation" means, as to any Person, any provision of
any security issued by such Person or of any agreement, instrument or
undertaking to which such Person is a party or by which it or any of its
Property is bound.

      "Controlled Group" means all members of a controlled group of
corporations and all trades and businesses (whether or not incorporated)
under common control that, together with the Parent or any of its
Subsidiaries, are treated as a single employer under Section 414 of the
Code.

      "Credit Documents" means this Agreement, the Notes, the Applications,
the Letters of Credit and each Subsidiary Guarantee Agreement delivered to
the Administrative Agent pursuant to Section 7.23 hereof.

      "Credit Event" means the advancing of any Loan or Swingline Loan, the
continuation of or conversion into a Eurocurrency Loan denominated in an
Alternative Currency, or the issuance of, or extension of the expiration
date or increase in the amount of, any Letter of Credit.

      "Default" means any event or condition the occurrence of which would,
with the passage of time or the giving of notice, or both, constitute an
Event of Default.

      "Domestic Rate" is defined in Section 1.4(a) hereof.

      "Domestic Rate Loan" means a Loan bearing interest prior to maturity
at a rate specified in Section 1.4(a) hereof.

      "Effective Date" means the date hereof.

                                    19
<PAGE>
      "Environmental and Health Laws" means any and all federal, state,
local and foreign statutes, laws, regulations, ordinances, judgments,
permits and other governmental rules or restrictions relating to human
health, safety (including without limitation occupational safety and health
standards), or the environment or to emissions, discharges or releases of
pollutants, contaminants, hazardous or toxic substances, wastes or any
other controlled or regulated substance into the environment, including
without limitation ambient air, surface water, ground water or land, or
otherwise relating to the manufacture, processing, distribution, use,
treatment, storage, disposal, transport or handling of pollutants,
contaminants, hazardous or toxic substances, wastes or any other controlled
or regulated substance or the clean-up or other remediation thereof.

      "ERISA" is defined in Section 5.8 hereof.

      "Eurocurrency Loan" means a Loan bearing interest prior to maturity
at the rate specified in Section 1.4(b) hereof.

      "Eurocurrency Reserve Percentage" is defined in Section 1.4(b)
hereof.

      "Event of Default" means any of the events or circumstances specified
in Section 8.1 hereof.

      "Excess Interest" is defined in Section 12.24 hereof.

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

      "Facility Fee" is defined in Section 2.1 hereof.

      "Federal Funds Rate" means the fluctuating interest rate per annum
described in part (x) of clause (ii) of the definition of Domestic Rate in
Section 1.4(a) hereof.

      "GAAP" means, subject to Section 4.3 hereof, generally accepted
accounting principles as in effect on the Effective Date, applied by the
Parent and its Subsidiaries on a basis consistent with the preparation of
the Parent's financial statements furnished to the Banks as described in
Section 5.4 hereof.

      "Guarantor" means (i) the Parent, Jones Lang LaSalle Americas, Inc.,
a Maryland corporation, LaSalle Investment Management, Inc., a Maryland
corporation, Jones Lang LaSalle International, Inc., a Delaware
corporation, Jones Lang LaSalle Co-Investment, Inc., a Maryland
corporation, Jones Lang LaSalle Limited, a company organized under the laws
of England and Wales, Jones Lang LaSalle GmbH, a company organized under
the laws of Germany and (ii) any other Subsidiary of the Borrower
designated by the Borrower as a Guarantor as required by Section 7.23
hereof.

      "Guaranty" by any Person means (without duplication) all obligations
(other than endorsements in the ordinary course of business of negotiable
instruments for deposit or collection) of such Person guaranteeing or in
effect guaranteeing any Indebtedness, dividend or other financial
obligation (including, without limitation, limited or full recourse
obligations in connection with sales of receivables or any other Property)
of any other Person (the "primary obligor") in any manner, whether directly
or indirectly, including, without limitation, all obligations incurred
through an agreement, contingent or otherwise, by such Person:  (i) to
purchase such Indebtedness or obligation or any Property or assets
constituting security therefor, (ii) to advance or supply funds (x) for the
purchase or payment of such Indebtedness or obligation, or (y) to maintain
working capital or other balance sheet condition, or otherwise to advance
or make available funds for the purchase or payment of such Indebtedness or
obligation, or (iii) to lease property or to purchase Securities or other
property or services primarily for the purpose of assuring the owner of
such Indebtedness or obligation of the ability of the primary obligor to
make payment of the Indebtedness or obligation, or (iv) otherwise to assure

                                    20
<PAGE>
the owner of the Indebtedness or obligation of the primary obligor against
loss in respect thereof.  For the purpose of all computations made under
this Agreement, the amount of a Guaranty in respect of any obligation shall
be deemed to be equal to the maximum aggregate amount of such obligation at
the time the amount of the Guaranty is being determined or, if the Guaranty
is limited to less than the full amount of such obligation, the maximum
aggregate potential liability under the terms of the Guaranty at the time
the amount of the Guaranty is being determined.

      "Hazardous Material" means any substance or material which is
hazardous or toxic, and includes, without limitation, (a) asbestos,
polychlorinated biphenyls, dioxins and petroleum or its by-products or
derivatives (including crude oil or any fraction thereof) and (b) any other
material or substance classified or regulated as "hazardous" or "toxic"
pursuant to any Environmental and Health Law.

      "Indebtedness" means for any Person (without duplication),
(i) obligations of such Person for borrowed money, (ii) obligations of such
Person representing the deferred purchase price of property or services
other than accounts payable arising in the ordinary course of business on
terms customary in the trade, (iii) obligations of such Person evidenced by
notes, acceptances, or other instruments of such Person or pursuant to
letters of credit issued for such Person's account, (iv) obligations,
whether or not assumed, secured by Liens or payable out of the proceeds or
production from Property now or hereafter owned or acquired by such Person,
(v) Capitalized Lease Obligations of such Person, and (vi) obligations for
which such Person is obligated pursuant to a Guaranty.  For the sake of
clarity, performance guarantees (other than guarantees of the payment of
Indebtedness), performance and surety bonds and environmental, "bad boy"
and completion guarantees provided by the Borrower, the Parent, or any
Subsidiary, pension liabilities of the Parent or any Subsidiary and
indebtedness consolidated onto the books and records of the Parent for GAAP
purposes under either EITF 04-05 or Fin 46R which otherwise would not be
consolidated, shall not be considered as Indebtedness.

      "Interest Coverage Ratio" means as of the last day of any calendar
quarter the ratio of Adjusted EBIT for the four calendar quarters then
ended to Interest Expense for the same four calendar quarters then ended.

      "Interest Expense" means, for any period, the sum of all interest
charges of the Parent and its Restricted Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP.

      "Interest Period" is defined in Section 1.7 hereof.

      "Investment" is defined in Section 7.14 hereof.

      "L/C Commitment" means $100,000,000, as reduced pursuant to the terms
hereof.

      "L/C Documents" means the Letters of Credit, any draft or other
document presented in connection with a drawing thereunder, the
Applications and this Agreement.

      "L/C Obligations" means the aggregate U.S. Dollar Equivalent of the
undrawn face amounts of all outstanding Letters of Credit and all unpaid
Reimbursement Obligations.

      "Lending Office" is defined in Section 9.4 hereof.

      "Letter of Credit" is defined in Section 1.3(a) hereof.

      "Level I Status" exists at any date if, at such date, the Total
Funded Debt to Adjusted EBITDA Ratio is less than 1.00 to 1.00.

      "Level II Status" exists at any date if, at such date, Level I Status
does not exist and the Total Funded Debt to Adjusted EBITDA Ratio is less
than 1.50 to 1.00.

                                    21
<PAGE>
      "Level III Status" exists at any date if, at such date, neither
Level I Status nor Level II Status exists and the Total Funded Debt to
Adjusted EBITDA Ratio is less than 2.00 to 1.00.

      "Level IV Status" exists at any date if, at such date, neither
Level I Status, Level II Status nor Level III Status exists and the Total
Funded Debt to Adjusted EBITDA Ratio is less than 2.50 to 1.00.

      "Level V Status" exists at any date if, at such date, neither Level I
Status, Level II Status,  Level III Status nor Level IV Status exists.

      "LIBOR" is defined in Section 1.4(b) hereof.

      "Lien" means any interest in Property securing an obligation owed to
a Person other than the owner of the Property, whether such interest is
based on the common law, statute or contract, including, but not limited
to, the security interest lien arising from a mortgage, encumbrance,
pledge, conditional sale, security agreement or trust receipt, or a lease,
consignment or bailment for security purposes.  The term "Lien" shall also
include survey exceptions or encumbrances, easements or reservations, or
rights of others for rights-of-way, utilities and other similar purposes,
or zoning or other restrictions as to the use of real properties.  For the
purposes of this definition, a Person shall be deemed to be the owner of
any Property which it has acquired or holds subject to a conditional sale
agreement, Capital Lease or other arrangement pursuant to which title to
the Property has been retained by or vested in some other Person for
security purposes, and such retention of title shall constitute a "Lien."

      "Loan" is defined in Section 1.1 hereof and, as so defined, includes
a Domestic Rate Loan or Eurocurrency Loan, each of which is a "type" of
Loan hereunder.

      "Material Adverse Effect" means a material and adverse effect on the
business, operations, Property or financial or other condition of the
Parent and its Subsidiaries, taken as a whole.

      "Maximum Rate" is defined in Section 12.24 hereof.

      "Non-Real Estate Restricted Subsidiary" means a Restricted Subsidiary
which is not established solely for the purpose of making investments in
real estate and real estate related assets, including notes and other
securities, as permitted under Section 7.14(j) or Section 7.14(k) hereof.

      "Note" means any promissory note issued at the request of a Bank
pursuant to Section 1.11 in the form of Exhibit A-1 evidencing such Bank's
Loans or Exhibit A-2 evidencing such Bank's Swingline Loans.

      "Obligations" means all fees payable hereunder, all obligations of
the Borrower to pay principal or interest on Loans, Swingline Loans and L/C
Obligations, and all other payment obligations of the Borrower or any
Guarantor arising under or in relation to any Credit Document.

      "Original Dollar Amount" means the amount of any Obligation
denominated in U.S. Dollars and, in relation to any Loan denominated in an
Alternative Currency, the U.S. Dollar Equivalent of such Loan on the day it
is advanced or continued for an Interest Period.

      "Parent" means Jones Lang LaSalle Incorporated, a Maryland
corporation.

      "Participating Bank" is defined in Section 1.3(d) hereof.

      "Participating Interest" is defined in Section 1.3(d) hereof.

      "PBGC" is defined in Section 5.8 hereof.

                                    22
<PAGE>
      "Percentage" means, for each Bank, the percentage of the Commitments
represented by such Bank's Commitment or, if the Commitments have been
terminated, the percentage held by such Bank (including through
participation interests in L/C Obligations and Swingline Loans) of the
aggregate principal amount of all outstanding Obligations.

      "Permitted Adjustment" means, for any period, transition charges
incurred by the Parent or any Restricted Subsidiaries during such period
relating to the Acquisition by the Parent of all of the outstanding equity
of Spaulding and Slye LLC, a Delaware limited liability company, to the
extent such charges do not exceed $10,000,000 in the aggregate for all
periods.

      "Person" means an individual, partnership, corporation, limited
liability company, association, trust, unincorporated organization or any
other entity or organization, including a government or any agency or
political subdivision thereof.

      "Plan" means at any time an employee pension benefit plan covered by
Title IV of ERISA or subject to the minimum funding standards under
Section 412 of the Code that is either (i) maintained by a member of the
Controlled Group or (ii) maintained pursuant to a collective bargaining
agreement or any other arrangement under which more than one employer makes
contributions and to which a member of the Controlled Group is then making
or accruing an obligation to make contributions or has within the preceding
five plan years made contributions.

      "Pricing Date" means, for any fiscal quarter of the Parent ended
after the date hereof, the latest date by which the Parent is required to
deliver a Compliance Certificate for such fiscal quarter pursuant to
Section 7.6(b).  The Applicable Margin and Commitment Fee established on a
Pricing Date shall remain in effect until the next Pricing Date.  If the
Parent has not delivered a Compliance Certificate by the date such
Compliance Certificate is required to be delivered under Section 7.6(b),
Level V Status shall be deemed to exist from such required delivery date
until a Compliance Certificate is delivered before the next Pricing Date.
If the Parent subsequently delivers such a Compliance Certificate before
the next Pricing Date, the Applicable Margin and Commitment Fee established
by such late delivered Compliance Certificate shall take effect from the
date of delivery until the next Pricing Date.  In all other circumstances,
the Applicable Margin and Commitment Fee established by a Compliance
Certificate shall be in effect from the Pricing Date that occurs
immediately after the end of the Parent's fiscal quarter covered by such
Compliance Certificate until the next Pricing Date.

      "Property" means any interest in any kind of property or asset,
whether real, personal or mixed, or tangible or intangible, whether now
owned or hereafter acquired.

      "Quoted Rate" is defined in Section 1.2(c) hereof.

      "Reimbursement Obligation" is defined in Section 1.3(c) hereof.

      "Required Banks" means, as of the date of determination thereof,
Banks whose outstanding Loans and interest in Letters of Credit and Unused
Commitments constitute more than 51% of the sum of the total outstanding
Loans, interests in Letters of Credit, and Unused Commitments of the Banks.

      "Restricted Subsidiary" means any Subsidiary of the Parent other than
an Unrestricted Subsidiary.

      "Revaluation Date" means, with respect to any Letter of Credit
denominated in an Alternative Currency, (a) the date of issuance thereof,
(b) the date of each amendment thereto having the effect of increasing the
amount thereof, (c) the last day of each calendar month, and (d) each
additional date as the Administrative Agent or the Required Banks shall
specify.

                                    23
<PAGE>
      "Revolving Credit" means the credit facility for making Loans and
Swingline Loans and issuing Letters of Credit described in Sections 1.1,
1.2 and 1.3 hereof.

      "SEC" means the Securities and Exchange Commission.

      "Security" has the same meaning as in Section 2(l) of the Securities
Act of 1933, as amended.

      "Set-Off" is defined in Section 12.7 hereof.

      "Subordinated Indebtedness" means any Indebtedness which is
subordinated in right of payment to the prior payment of the Loans and
other Obligations, in a principal amount and pursuant to documentation,
containing interest rates, payment terms, maturities, amortization
schedules, covenants, defaults, remedies and other material terms in form
and substance satisfactory to the Banks.

      "Subsidiary" means a corporation, partnership or other entity that,
under GAAP, is included in the consolidated financial statements of the
Parent.

      "Subsidiary Guarantee Agreement" means a letter to the Administrative
Agent in the form of Exhibit C hereto executed by a Subsidiary whereby it
acknowledges it is party hereto as a Guarantor under Section 11 hereof.

      "Swingline Commitment" means $25,000,000 as the same may be reduced
from time to time pursuant to Section 1.13 hereof.

      "Swingline Loan" is defined in Section 1.2 hereof.

      "TARGET Settlement Day" means any day on which the Trans-European
Automated Real-Time Gross Settlement Express Transfer (TARGET) System is
open.

      "Termination Date" means March 1, 2011.

      "Total Funded Debt" means, at any time the same is to be determined,
the aggregate of all Indebtedness of the Parent and its Restricted
Subsidiaries determined without duplication on a consolidated basis MINUS
(i) the aggregate stated amount of performance letters of credit issued for
the account of the Parent or any Restricted Subsidiary other than any such
Letter of Credit issued hereunder and (ii) the aggregate principal amount
of debt for borrowed money owed by the Parent or any Restricted Subsidiary
under overdraft facilities but only to the extent of cash held by the
Parent and its Restricted Subsidiaries on a consolidated basis.

      "Total Funded Debt to Adjusted EBITDA Ratio" means as of the last day
of any calendar quarter the ratio of the Total Funded Debt as of such day
to Adjusted EBITDA for the four calendar quarters then ended.

      "Unfunded Vested Liabilities" means, with respect to any Plan at any
time, the amount (if any) by which (i) the present value of all vested
nonforfeitable accrued benefits under such Plan exceeds (ii) the fair
market value of all Plan assets allocable to such benefits, all determined
as of the then most recent valuation date for such Plan, but only to the
extent that such excess represents a potential liability of a member of the
Controlled Group to the PBGC or the Plan under Title IV of ERISA.

      "Unrestricted Subsidiary" means any Subsidiary of the Parent (other
than a Guarantor or the Borrower) which (i) is established for the sole
purpose of investing in real estate and real estate related assets
including notes and other securities and (ii) is designated by the Parent
(with prior written notice to the Administrative Agent) to be an
Unrestricted Subsidiary; PROVIDED THAT no Subsidiary may be an Unrestricted
Subsidiary for more than 180 days.

                                    24
<PAGE>
      "Unused Commitments" means, at any time, the difference between the
Commitments then in effect and the aggregate outstanding principal amount
of Loans and L/C Obligations.

      "U.S. Dollars" and "$" each means the lawful currency of the United
States of America.

      "U.S. Dollar Equivalent" means (a) the amount of any Obligation or
Letter of Credit denominated in U.S. Dollars, (b) in relation to any
Obligation or Letter of Credit denominated in an Alternative Currency, the
amount of U.S. Dollars which would be realized by converting an Alternative
Currency into U.S. Dollars at the exchange rate quoted to the
Administrative Agent, at approximately 11:00 a.m. (London time) three
Business Days prior (i) to the date on which a computation thereof is
required to be made and (ii) in the case of L/C Obligations, on any
Revaluation Date, in each case by major banks in the interbank foreign
exchange market for the purchase of U.S. Dollars for such Alternative
Currency.

      "Voting Stock" of any Person means capital stock of any class or
classes or other equity interests (however designated) having ordinary
voting power for the election of directors or similar governing body of
such Person, other than stock or other equity interests having such power
only by reason of the happening of a contingency.

      "Welfare Plan" means a "welfare plan", as defined in Section 3(1) of
ERISA.

      "Wholly-Owned" when used in connection with any Subsidiary of the
Parent means a Subsidiary of which all of the issued and outstanding shares
of stock or other equity interests (other than directors' qualifying shares
as required by law) shall be owned by the Parent and/or one or more of its
Wholly-Owned Subsidiaries.

      SECTION 4.2.  INTERPRETATION.  The foregoing definitions shall be
equally applicable to both the singular and plural forms of the terms
defined.  All references to times of day in this Agreement shall be
references to Chicago, Illinois time unless otherwise specifically
provided.  Where the character or amount of any asset or liability or item
of income or expense is required to be determined or any consolidation or
other accounting computation is required to be made for the purposes of
this Agreement, the same shall be done in accordance with GAAP, to the
extent applicable, except where such principles are inconsistent with the
specific provisions of this Agreement.

      SECTION 4.3.  CHANGE IN ACCOUNTING PRINCIPLES.  If, after the date of
this Agreement, there shall occur any change in GAAP from those used in the
preparation of the financial statements referred to in Section 7.6 hereof
and such change shall result in a material change in the method of
calculation of any financial covenant, standard or term found in this
Agreement, either the Borrower or the Required Banks may by notice to the
Banks and the Borrower, respectively, require that the Banks and the
Borrower negotiate in good faith to amend such covenants, standards, and
terms so as equitably to reflect such change in accounting principles, with
the desired result being that the criteria for evaluating the financial
condition of the Parent and its Subsidiaries shall be the same as if such
change had not been made.  No delay by the Borrower or the Required Banks
in requiring such negotiation shall limit their right to so require such a
negotiation at any time after such a change in accounting principles.
Until any such covenant, standard, or term is amended in accordance with
this Section 4.3, financial covenants shall be computed and determined in
accordance with GAAP without giving effect to the relevant change in
accounting principles.  Without limiting the generality of the foregoing,
the Borrower shall neither be deemed to be in compliance with any financial
covenant hereunder nor out of compliance with any financial covenant
hereunder if such state of compliance or noncompliance, as the case may be,
would not exist but for the occurrence of a change in accounting principles
after the date hereof.

                                    25
<PAGE>
SECTION 5.  REPRESENTATIONS AND WARRANTIES.

      Each of the Borrower and the Parent hereby represents and warrants to
each Bank as to itself and, where the following representations and
warranties apply to Subsidiaries, as to each of its Subsidiaries, as
follows:

      SECTION 5.1.  CORPORATE ORGANIZATION AND AUTHORITY.  The Parent is
duly organized and existing in good standing under the laws of the State of
Maryland; has all necessary corporate power to carry on its present
business; and is duly licensed or qualified and in good standing in each
jurisdiction in which the nature of the business transacted by it or the
nature of the Property owned or leased by it makes such licensing,
qualification or good standing necessary and in which the failure to be so
licensed, qualified or in good standing would reasonably be expected to
have a Material Adverse Effect.  The Borrower is duly incorporated and
existing under the laws of The Netherlands as a private company with
limited liability (a besloten vennootschap met beperkte aansprakelijkheid);
has all necessary corporate power to carry on its present business; and is
duly licensed or qualified and in good standing in each jurisdiction in
which the nature of the business transacted by it or the nature of the
Property owned or leased by it makes such licensing, qualification or good
standing necessary and in which the failure to be so licensed, qualified or
in good standing would reasonably be expected to have a Material Adverse
Effect.

      SECTION 5.2.  SUBSIDIARIES.  Schedule 5.2 (as updated from time to
time pursuant to Section 7.23) hereto identifies each Guarantor, the
jurisdiction of its organization, the percentage of issued and outstanding
shares of each class of its capital stock or equity interests, as the case
may be, owned by the Parent and the Subsidiaries and, if such percentage is
not 100% (excluding directors' qualifying shares as required by law), a
description of each class of its authorized capital stock and other equity
interests and the number of shares of each class issued and outstanding.
Except to the extent that would not reasonably be expected to have a
Material Adverse Effect, each Subsidiary is duly incorporated or formed and
existing in good standing as a corporation, limited partnership, limited
liability company or other entity under the laws of the jurisdiction of its
incorporation or formation, has all necessary corporate or other power to
carry on its present business, and is duly licensed or qualified and in
good standing in each jurisdiction in which the nature of the business
transacted by it or the nature of the Property owned or leased by it makes
such licensing or qualification necessary.  All of the issued and
outstanding shares of capital stock and other equity interests of each
Subsidiary are validly issued and outstanding and fully paid and, if such
Subsidiary is a corporation, nonassessable.  All such shares owned by the
Parent are owned beneficially, and of record, free of any Lien.

      SECTION 5.3.  CORPORATE AUTHORITY AND VALIDITY OF OBLIGATIONS.  The
Borrower has full power and authority to enter into this Agreement and the
other Credit Documents to which it is a party, to make the borrowings
herein provided for, to issue its Notes in evidence thereof, to apply for
the issuance of the Letters of Credit, and to perform all of its
obligations under the Credit Documents to which it is a party.  Each
Guarantor has full power and authority to enter into this Agreement as a
signatory hereto or pursuant to a Subsidiary Guarantee Agreement and to
perform all of its obligations hereunder.  Each Credit Document to which
the Borrower is a party has been duly authorized, executed and delivered by
the Borrower and constitutes valid and binding obligations of the Borrower
in accordance with its terms.  Each Credit Document to which a Guarantor is
a party has been duly authorized, executed and delivered by such Guarantor
and constitutes valid and binding obligations of such Guarantor in
accordance with its terms.  No Credit Document to which the Borrower is a
party, nor the performance or observance by the Borrower of any of the
matters or things therein provided for, contravenes any provision of law or

                                    26
<PAGE>
any provision of the articles of association ("statuten") of the Borrower
or (individually or in the aggregate) any material Contractual Obligation
of or binding upon the Borrower or any of its Properties or results in or
requires the creation or imposition of any Lien on any of the Properties or
revenues of the Borrower.  No Credit Document to which a Guarantor is a
party, nor the performance or observance by such Guarantor of any of the
matters or things therein provided for, contravenes any provision of law or
any charter or by-law provision of such Guarantor or (individually or in
the aggregate) any material Contractual Obligation of or binding upon such
Guarantor or any of its Properties or results in or requires the creation
or imposition of any Lien on any of the Properties or revenues of such
Guarantor.

      SECTION 5.4.  FINANCIAL STATEMENTS.  All financial statements
heretofore delivered to the Banks showing historical performance for each
of the Parent's fiscal years ending on or before December 31, 2004, have
been prepared in accordance with GAAP applied on a basis consistent, except
as otherwise noted therein, with that of the previous fiscal year.  Each of
such financial statements fairly presents on a consolidated basis the
financial condition of the Parent and its Subsidiaries as of the dates
thereof and the results of operations for the periods covered thereby.  The
Parent and its Subsidiaries had, as of the date of the relevant financial
statements no material contingent liabilities other than those disclosed in
such financial statements referred to in this Section 5.4 or in comments or
footnotes thereto, or in any report supplementary thereto, heretofore
furnished to the Banks.  Since December 31, 2004, there has been no
material adverse change which has not been disclosed to the Banks in the
business, operations, Property or financial or other condition, or business
prospects, of the Parent and its Subsidiaries on a consolidated basis.

      SECTION 5.5.  NO LITIGATION; NO LABOR CONTROVERSIES.

      (a)   Except as disclosed in the Parent's periodic current reports
filed with the SEC prior to the Effective Date, there is no litigation or
governmental proceeding pending, or to the knowledge of the Parent or any
Guarantor threatened, against the Parent or any Subsidiary which, if
adversely determined, would reasonably be expected (individually or in the
aggregate) to have a Material Adverse Effect.

      (b)   There are no labor controversies pending or, to the best
knowledge of the Borrower, Parent or any Guarantor, threatened against the
Parent or any Subsidiary which would reasonably be expected (insofar as the
Borrower or Parent may reasonably foresee) to have a Material Adverse
Effect.

      SECTION 5.6.  TAXES.  The Parent and its Subsidiaries have filed all
United States federal tax returns, and all other tax returns, required to
be filed and have paid all taxes due pursuant to such returns or pursuant
to any assessment received by the Parent or any Subsidiary, except such
taxes, if any, as are being contested in good faith and for which adequate
reserves have been provided.  No notices of tax liens have been filed and
no claims are being asserted concerning any such taxes, which liens or
claims are material to the financial condition of the Parent and its
Subsidiaries on a consolidated basis taken as a whole.  The charges,
accruals and reserves on the books of the Parent and its Subsidiaries for
any taxes or other governmental charges are adequate.

      SECTION 5.7.  APPROVALS.  No authorization, consent, license,
exemption, filing or registration with any court or governmental
department, agency or instrumentality, nor any approval or consent of the
stockholders of the Parent or any Subsidiary or from any other Person, is
necessary to the valid execution, delivery or performance by the Parent or
any Subsidiary of any Credit Document to which it is a party except for
such approvals and consents which have been obtained and are in full force
and effect.

                                    27
<PAGE>
      SECTION 5.8.  ERISA.  With respect to each Plan, the Parent and each
other member of the Controlled Group has fulfilled its obligations under
the minimum funding standards of and is in compliance in all material
respects with the Employee Retirement Income Security Act of 1974, as
amended ("ERISA"), and with the Code to the extent applicable to it and has
not incurred any liability to the Pension Benefit Guaranty Corporation
("PBGC") or a Plan under Title IV of ERISA other than a liability to the
PBGC for premiums under Section 4007 of ERISA.  Neither the Parent nor any
Subsidiary has any contingent liabilities for any post-retirement benefits
under a Welfare Plan, other than liability for continuation coverage
described in Part 6 of Title I of ERISA.

      SECTION 5.9.  GOVERNMENT REGULATION.  Neither the Parent nor any
Subsidiary is an "investment company" within the meaning of the Investment
Company Act of 1940, as amended, or to the extent a Subsidiary is an
"investment company," it is properly registered with the SEC.

      SECTION 5.10.  MARGIN STOCK.  Neither the Parent nor any Subsidiary
is engaged principally, or as one of its primary activities, in the
business of extending credit for the purpose of purchasing or carrying
margin stock ("margin stock" to have the same meaning herein as in
Regulation U of the Board of Governors of the Federal Reserve System).  The
Borrower will not use the proceeds of any Loan, Swingline Loan or Letter of
Credit in a manner that violates any provision of Regulation U or X of the
Board of Governors of the Federal Reserve System.  Margin stock (as
hereinabove defined) constitutes less than 25% of the assets of the Parent
and its Subsidiaries which are subject to any limitation on sale, pledge or
other restriction hereunder.

      SECTION 5.11.  LICENSES AND AUTHORIZATIONS; COMPLIANCE WITH ENVIRON-
MENTAL AND HEALTH LAWS.

      (a)   The Parent and each of its Subsidiaries has all necessary
licenses, permits and governmental authorizations to own and operate its
Properties and to carry on its business as currently conducted and
contemplated, except to the extent the failure to have such licenses,
permits or authorizations would not reasonably be expected to have a
Material Adverse Effect.

      (b)   To the best of the Borrower's and each Guarantor's knowledge,
the business and operations of the Parent and each Subsidiary comply in all
respects with all applicable Environmental and Health Laws, except where
the failure to so comply would not (individually or in the aggregate)
reasonably be expected to have a Material Adverse Effect.

      (c)   Neither the Parent nor any Subsidiary has given, nor is it
required to give, nor has it received, any notice, letter, citation, order,
warning, complaint, inquiry, claim or demand to or from any governmental
entity or in connection with any court proceeding with respect to a matter
which would reasonably be expected to have a Material Adverse Effect
claiming that:  (i) the Parent or any Subsidiary has violated, or is about
to violate, any Environmental and Health Law; (ii) there has been a
release, or there is a threat of release, of Hazardous Materials from the
Parent's or any Subsidiary's Property, facilities, equipment or vehicles;
(iii) the Parent or any Subsidiary may be or is liable, in whole or in
part, for the costs of cleaning up, remediating or responding to a release
of Hazardous Materials; or (iv) any of the Parent's or any Subsidiary's
property or assets are subject to a Lien in favor of any governmental
entity for any liability, costs or damages, under any Environmental and
Health Law arising from, or costs incurred by such governmental entity in
response to, a release of a Hazardous Materials.

                                    28
<PAGE>
      SECTION 5.12.  OWNERSHIP OF PROPERTY; LIENS.  The Parent and each
Subsidiary has good record and marketable title in fee simple to, or valid
leasehold interests in, all real property owned or leased by it, and good
title to or valid leasehold interests in all its other Property.  None of
the Parent's real property is subject to any Lien or Capitalized Lease
Obligation except as permitted in Section 7.9, and none of the Parent's or
any Restricted Subsidiary's other Property is subject to any Lien, except
as permitted in Section 7.9.

      SECTION 5.13.  NO BURDENSOME RESTRICTIONS; COMPLIANCE WITH
AGREEMENTS.  Neither the Parent nor any Subsidiary is (a) party or subject
to any law, regulation, rule or order, or any Contractual Obligation that
(individually or in the aggregate) would reasonably be expected to have a
Material Adverse Effect or (b) in default in the performance, observance or
fulfillment of any of the obligations, covenants or conditions contained in
any agreement to which it is a party, which default would reasonably be
expected to have a Material Adverse Effect.

      SECTION 5.14.  ACCURACY OF INFORMATION.  No information, exhibit or
report furnished by the Parent or Borrower to any Bank or the
Administrative Agent in connection with a Loan, Swingline Loan or Letter of
Credit or the negotiation of the Credit Documents contained any material
misstatement of fact or omitted to state any fact necessary to make the
statements contained therein not misleading, the Administrative Agent and
the Banks acknowledging that as to any projections furnished to the
Administrative Agent and the Banks, the Parent only represents that the
same were prepared on the basis of information and estimates the Parent
believed to be reasonable.

SECTION 6.  CONDITIONS PRECEDENT.

      The obligation of each Bank to advance, continue, or convert any Loan
or any Swingline Loan, or of the Administrative Agent to issue, extend the
expiration date (including by not giving notice of non-renewal) of or
increase the amount of any Letter of Credit, shall be subject to the
following conditions precedent:

      SECTION 6.1.  INITIAL CREDIT EVENT.  Before or concurrently with the
first Credit Event:

            (a)   The Administrative Agent shall have received this
      Agreement duly executed by Borrower, each Guarantor, each Terminating
      Bank, and each Bank;

            (b)   The Administrative Agent shall have received for each
      Bank in form and substance satisfactory to the Administrative Agent
      the favorable written opinion of (i) Mark J. Ohringer, Esquire,
      Global General Counsel to the Borrower and Guarantors,  (ii) Loyens &
      Loeff, Dutch counsel to the Borrower, (iii) Baker & McKenzie, English
      counsel to Jones Lang LaSalle Limited, and (iv) Lovells, German
      counsel to Jones Lang LaSalle GmbH;

            (c)   The Administrative Agent shall have received for each
      Bank copies of the notarial deed of incorporation (including the
      articles of association) of the Borrower, certified by a Dutch civil
      law notary to be true copies and an original extract of the
      commercial register of the chamber of commerce of Amsterdam relating
      to the Borrower;

            (d)   The Administrative Agent shall have received copies of
      the Certificate of Incorporation and bylaws (or equivalent) of each
      Guarantor, certified in each instance by its secretary or an
      assistant secretary (or its equivalent);

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            (e)   The Administrative Agent shall have received copies,
      certified by the secretary or assistant secretary (or its equivalent)
      of each Guarantor, of its board of directors' resolutions (or its
      equivalent) authorizing the execution of the Credit Documents to
      which it is a party;

            (f)   The Administrative Agent shall have received
      certificates, executed by the secretary or assistant secretary of
      each Guarantor, which shall identify by name and title and bear the
      signature of the partners or officers authorized to sign the Credit
      Documents to which it is a party;

            (g)   The Administrative Agent shall have received copies of
      the certificates of good standing for each Guarantor (dated no
      earlier than 30 days prior to the date hereof) from the office of the
      secretary of the state of its incorporation or organization;

            (h)   The Administrative Agent shall have received to the
      extent requested by any Bank, such Bank's duly executed Notes of the
      Borrower dated the date hereof and otherwise in compliance with the
      provisions of Section 1.11(d) hereof;

            (i)   The Administrative Agent shall have received for each
      Bank a list of the Borrower's Authorized Representatives;

            (j)   All legal matters incident to the execution and delivery
      of the Credit Documents shall be satisfactory to the Banks;

            (k)   The Administrative Agent and each Bank shall have
      received for each fiscal year of the Parent through the fiscal year
      ending December 31, 2010, a business plan showing in reasonable
      detail projected operating budgets, consolidated and consolidating
      revenues, expenses, and balance sheets on a quarter-by-quarter basis,
      such business plan to be in form and substance satisfactory to the
      Administrative Agent and each Bank and shall include a summary of all
      assumptions made in preparing such business plan; and

            (l)   The Amended and Restated Multicurrency Credit Agreement
      dated as of April 13, 2004 among the Borrower, the Guarantors party
      thereto, the Banks party thereto and Harris Trust and Savings Bank,
      as Administrative Agent shall have been terminated and all amounts
      payable thereunder shall have been paid with the proceeds of such
      initial Credit Event.

      Each Bank that is also a lender under the credit agreement referenced
in clause (l), by its execution hereof, hereby waives any requirement under
such agreement that the Borrower give prior notice of the termination of
the commitments thereunder, and agrees that such notice may be given on the
same day as such termination is to be effective.  In addition, as such
Banks constitute the "Required Banks" under such credit agreement, such
Banks and the Borrower agree that such credit agreement shall terminate and
all amounts payable thereunder shall be due and payable on the date hereof.

      SECTION 6.2.  ALL CREDIT EVENTS.  As of the time of each Credit Event
hereunder:

            (a)   In the case of a Borrowing, the Administrative Agent
      shall have received the notice required by Section 1.6 hereof (or, in
      the case of Swingline Loans, Section 1.2 hereof), in the case of the
      issuance of any Letter of Credit the Administrative Agent shall have
      received a duly completed Application for a Letter of Credit and, in
      the case of an extension or increase in the amount of a Letter of
      Credit, a written request therefor, in a form acceptable to the
      Administrative Agent;

                                    30
<PAGE>
            (b)   In the case of (i) a Borrowing of Loans or Swingline
      Loans that would increase the aggregate principal amount of Loans or
      Swingline Loans outstanding (after giving effect to concurrent
      repayment of Loans or Swingline Loans), (ii) a Borrowing of
      Eurocurrency Loans denominated in an Alternative Currency or (iii)
      the increase in or issuance of a Letter of Credit, each of the
      representations and warranties set forth in Section 5 hereof shall be
      and remain true and correct in all material respects as of said time,
      except that if any such representation or warranty relates solely to
      an earlier date it need only remain true as of such date, taking into
      account any amendments to such Section (including, without
      limitation, any amendments to the Schedules referenced therein) made
      after the date of this Agreement in accordance with the provision
      hereof;

            (c)   In the case of (i) a Borrowing of Loans or Swingline
      Loans that would increase the aggregate principal amount of Loans or
      Swingline Loans outstanding (after giving effect to concurrent
      repayment of Loans or Swingline Loans), (ii) a Borrowing of
      Eurocurrency Loans denominated in an Alternative Currency or (iii)
      the increase in or issuance of a Letter of Credit, no Default or
      Event of Default shall have occurred and be continuing or would occur
      as a result of such Credit Event; and

            (d)   Such Credit Event shall not violate any order, judgment
      or decree of any court or other authority or any provision of law or
      regulation applicable to the Administrative Agent or any Bank
      (including, without limitation, Regulation U of the Board of
      Governors of the Federal Reserve System).

      Each request for a Borrowing hereunder and each request for the
issuance of, increase in the amount of, or extension of the expiration date
of, a Letter of Credit shall be deemed to be a representation and warranty
by the Borrower on the date of such Credit Event as to the facts specified
in paragraphs (b) and (c) of this Section 6.2.

SECTION 7.  COVENANTS.

      Each of the Borrower and the Parent covenants and agrees that, so
long as any Note, Loan, Swingline Loan or L/C Obligation is outstanding
hereunder, or any Commitment is available to or in use by the Borrower
hereunder, except to the extent compliance in any case is waived in writing
by the Required Banks:

      SECTION 7.1.  CORPORATE EXISTENCE; SUBSIDIARIES.  The Parent shall,
and shall cause each of its Restricted Subsidiaries to, preserve and
maintain its existence, subject to the provisions of Section 7.12 hereof;
PROVIDED THAT the Parent shall not be required to preserve the existence of
any Restricted Subsidiary if the maintenance or preservation thereof, as
determined by the Board of Directors of the Parent, is no longer desirable
in the conduct of the business of the Parent and its Subsidiaries, taken as
a whole.

      SECTION 7.2.  MAINTENANCE.  The Parent will maintain, preserve and
keep its Property, necessary to the proper conduct of its business in
reasonably good repair, working order and condition and will from time to
time make all reasonably necessary repairs, renewals, replacements,
additions and betterments thereto so that at all times such plants,
properties and equipment shall be reasonably preserved and maintained, and
the Parent will cause each of its Subsidiaries to do so in respect of
Property owned or used by it; PROVIDED, HOWEVER, that nothing in this
Section 7.2 shall prevent the Parent or a Subsidiary from discontinuing the
operation or maintenance of any such Properties if such discontinuance
would not reasonably be expected to have a Material Adverse Effect.

                                    31
<PAGE>
      SECTION 7.3.  TAXES.  The Parent will duly pay and discharge, and
will cause each of its Subsidiaries duly to pay and discharge, all taxes,
assessments, and governmental charges or levies upon or against it or
against its Properties, in each case before the same becomes delinquent and
before penalties accrue thereon, unless and to the extent that the same is
being contested in good faith by appropriate proceedings and reserves in
conformity with GAAP have been provided therefor on the books of the
Parent.

      SECTION 7.4.  ERISA.  The Parent will, and will cause each of its
Subsidiaries to, promptly pay and discharge all obligations and liabilities
arising under ERISA of a character which if unpaid or unperformed might
result in the imposition of a Lien against any of its Property.  The Parent
will, and will cause each of its Subsidiaries to promptly notify the
Administrative Agent of (i) the occurrence of any reportable event (as
defined in ERISA) affecting a Plan, other than any such event of which the
PBGC has waived notice by regulation, (ii) receipt of any notice from PBGC
of its intention to seek termination of any  Plan or appointment of a
trustee therefor, (iii) its intention to terminate or withdraw from any
Plan, and (iv) the occurrence of any event affecting any Plan which could
result in the incurrence by the Parent or any of its Subsidiaries of any
material liability, fine or penalty, or any material increase in the
contingent liability of the Parent or any of its Subsidiaries under any
post-retirement Welfare Plan benefit.  The Administrative Agent will
promptly distribute to each Bank any notice it receives from the Parent
pursuant to this Section 7.4.

      SECTION 7.5.  INSURANCE.  The Parent will maintain, and will cause
each of its Subsidiaries to maintain, insurance with good and responsible
insurance companies, covering insurable Property owned by it with respect
to such risks as is consistent with sound business practice.  The Parent
will upon request of any Bank furnish to such Bank a summary setting forth
the nature and extent of the insurance maintained pursuant to this
Section 7.5.

      SECTION 7.6.  FINANCIAL REPORTS AND OTHER INFORMATION.

      (a)   The Parent will maintain a system of accounting in accordance
with GAAP and will furnish to the Banks and their respective duly
authorized representatives such information respecting the business and
financial condition of the Parent and its Subsidiaries as any Bank may
reasonably request; and without any request, the Parent will furnish each
of the following to each Bank:

            (i)   within 60 days after the end of each of the first three
      quarterly fiscal periods of the Parent, a copy of the Parent's Form
      10-Q Report filed with the SEC;

            (ii)  within 90 days after the end of each fiscal year of the
      Parent, a copy of the Parent's Form 10-K Report filed with the SEC,
      prepared by the Parent and containing or including as an exhibit
      thereto the Parent's financial statements for such fiscal year as
      certified by independent public accountants of recognized national
      standing selected by the Parent in accordance with GAAP with such
      accountants' unqualified opinion to the effect that the financial
      statements have been prepared in accordance with GAAP and present
      fairly in all material respects in accordance with GAAP the
      consolidated financial position of the Parent and its Subsidiaries as
      of the close of such fiscal year and the results of their operations
      and cash flows for the fiscal year then ended and that an examination
      of such accounts in connection with such financial statements has
      been made in accordance with generally accepted auditing standards
      and, accordingly, such examination included such tests of the
      accounting records and such other auditing procedures as were
      considered necessary in the circumstances;

                                    32
<PAGE>
            (iii) within the period provided in subsection (ii) above, the
      written statement of the accountants who certified the audit report
      thereby required that in the course of their audit they have obtained
      no knowledge of any Default or Event of Default with respect to
      Sections 7.11, 7.15, 7.16, and 7.17 or, if such accountants have
      obtained knowledge of any such Default or Event of Default, they
      shall disclose in such statement the nature and period of the
      existence thereof;

            (iv)  promptly after the sending or filing thereof, copies of
      all proxy statements, financial statements and reports the Parent
      sends to its shareholders, and copies of all other regular, periodic
      and special reports and all registration statements the Parent files
      with the SEC or any successor thereto, or with any national
      securities exchanges; and

            (v)   within 90 days after the beginning of each fiscal year of
      the Parent an operating budget for the Parent and its Subsidiaries
      for such fiscal year of the Parent.

      (b)   Each financial statement furnished to the Banks pursuant to
subsection (i) or (ii) of this Section 7.6 shall be accompanied by a
Compliance Certificate signed by the Parent's chief financial officer,
treasurer or controller showing the Parent's compliance with the covenants
set forth in Sections 7.14(k), 7.15, 7.16, and 7.17 hereof.

      (c)   The Parent will promptly (and in any event within three
Business Days after any of the President, chief executive officer, chief
financial officer, chief operating officer, treasurer, assistant treasurer,
or controller of the Parent has knowledge thereof) give notice to the
Administrative Agent:

            (i)   of the occurrence of any Change of Control, Default or
      Event of Default;

            (ii)  of any default or event of default under any Contractual
      Obligation of the Parent or any of its Subsidiaries, except for a
      default or event of default which is not reasonably expected to have
      a Material Adverse Effect;

            (iii) of the occurrence of an event or condition which would
      reasonably be expected to result in a Material Adverse Effect; and

            (iv)  of any litigation or governmental proceeding of the type
      described in Section 5.5 hereof.

      SECTION 7.7.  BANK INSPECTION RIGHTS.  Upon reasonable notice from
any Bank, the Parent will permit such Bank (and such Persons as any Bank
may designate) during normal business hours and under the Parent's
guidance, to visit and inspect any of the Property of the Parent or any of
its Subsidiaries, to examine all of their books of account, records,
reports and other papers, to make copies and extracts therefrom, and to
discuss their respective affairs, finances and accounts with their
respective officers, employees and, after the occurrence and during the
continuance of an Event of Default, independent public accountants.

      SECTION 7.8.  CONDUCT OF BUSINESS.  Neither the Parent nor any
Subsidiary will engage in any line of business if, as a result, the general
nature of the business of the Parent and its Subsidiaries taken as a whole
would be substantially changed from that conducted on the date hereof.

      SECTION 7.9.  LIENS.  The Parent will not, and will not permit any of
its Restricted Subsidiaries to, create, incur, permit to exist or to be
incurred any Lien of any kind on any Property owned by the Parent or any
Restricted Subsidiary; PROVIDED, HOWEVER, that this Section 7.9 shall not
apply to nor operate to prevent:

                                    33
<PAGE>
            (a)   Liens arising by operation of law in connection with
      worker's compensation, unemployment insurance, social security
      obligations, taxes, assessments, statutory obligations or other
      similar charges, good faith deposits, pledges or Liens in connection
      with bids, tenders, contracts or leases to which the Parent or any
      Subsidiary is a party (other than contracts for borrowed money), or
      other deposits required to be made in the ordinary course of
      business; PROVIDED that in each case the obligation secured is not
      overdue or, if overdue, is being contested in good faith by
      appropriate proceedings and for which reserves in conformity with
      GAAP have been provided on the books of the Parent;

            (b)   mechanics', workmen's, materialmen's, landlords',
      carriers' or other similar Liens arising in the ordinary course of
      business (or deposits to obtain the release of such Liens) securing
      obligations not due or, if due, being contested in good faith by
      appropriate proceedings and for which reserves in conformity with
      GAAP have been provided on the books of the Parent;

            (c)   Liens for taxes or assessments or other government
      charges or levies on the Parent or any Subsidiary of the Parent or
      their respective Properties, not yet due or delinquent, or which can
      thereafter be paid without penalty, or which are being contested in
      good faith by appropriate proceedings and for which reserves in
      conformity with GAAP have been provided on the books of the Parent;

            (d)   Liens arising out of judgments or awards against the
      Parent or any Subsidiary of the Parent, or in connection with surety
      or appeal bonds in connection with bonding such judgments or awards,
      the time for appeal from which or petition for rehearing of which
      shall not have expired or with respect to which the Parent or such
      Subsidiary shall be prosecuting an appeal or proceeding for review,
      and with respect to which it shall have obtained a stay of execution
      pending such appeal or proceeding for review; PROVIDED that the
      aggregate amount of liabilities (including interest and penalties, if
      any) of the Parent and its Subsidiaries secured by such Liens shall
      not exceed $5,000,000 at any one time outstanding;

            (e)   Survey exceptions or encumbrances, easements or
      reservations, or rights of others for rights-of-way, utilities and
      other similar purposes, or zoning or other restrictions as to the use
      of real properties which are necessary for the conduct of the
      activities of the Parent and any Subsidiary of the Parent or which
      customarily exist on properties of corporations engaged in similar
      activities and similarly situated and which do not in any event
      materially impair their use in the operation of the business of the
      Parent or any Subsidiary of the Parent;

            (f)   Liens on Property (not constituting Investments) of the
      Parent or any of its Subsidiaries created solely for the purpose of
      securing Indebtedness permitted by Section 7.19(h) hereof,
      representing or incurred to finance, refinance or refund the purchase
      price of Property, PROVIDED that no such Lien shall extend to or
      cover other Property of the Parent or such Subsidiary other than the
      respective Property so acquired, and the principal amount of
      Indebtedness secured by any such Lien shall at no time exceed the
      original purchase price of such Property; and

            (g)   Liens not otherwise permitted under this Section 7.9 on
      Property (other than (i) shares of stock in any Wholly-Owned
      Subsidiary and (ii) receivables, inventory and similar working
      capital assets) securing Indebtedness that, when combined with
      Capitalized Lease Obligations permitted under Section 7.11, is in an
      aggregate principal amount not exceeding $15,000,000 at any time
      outstanding.

                                    34
<PAGE>
      SECTION 7.10.  USE OF PROCEEDS; REGULATION U.  The proceeds of each
Borrowing, and the credit provided by Letters of Credit, will be used by
the Borrower, the Parent and the Parent's Subsidiaries for working capital,
repayment of other Indebtedness, and other general corporate purposes
including acquisitions of businesses and other investments permitted by
Section 7.14.  The Borrower will not use any part of the proceeds of any of
the Borrowings or of the Letters of Credit directly or indirectly to
purchase or carry any margin stock (as defined in Section 5.10 hereof) or
to extend credit to others for the purpose of purchasing or carrying any
such margin stock.

      SECTION 7.11.  SALES AND LEASEBACKS.  The Parent will not, nor will
it permit any Restricted Subsidiary to, enter into any arrangement with any
bank, insurance company or other lender or investor providing for the
leasing by the Parent or any Subsidiary of any Property theretofore owned
by it and which has been or is to be sold or transferred by such owner to
such lender or investor, except to the extent (i) the aggregate principal
amount of Capitalized Lease Obligations under such leases does not exceed
$15,000,000 at any time outstanding, (ii) the aggregate principal amount of
Capitalized Lease Obligations under such leases PLUS the outstanding
principal amount of Indebtedness secured by Liens permitted by Section
7.9(g) (and not separately permitted by other provisions of Section 7.9)
does not exceed $15,000,000 at any time outstanding; PROVIDED THAT the
foregoing shall not operate to prevent any such transaction between the
Parent and any Restricted Subsidiary or between any two Restricted
Subsidiaries to the extent such transaction would otherwise be permitted by
the terms hereof.

      SECTION 7.12.  MERGERS, CONSOLIDATIONS AND SALES OF ASSETS.  (a) The
Parent will not, and will not permit any of its Restricted Subsidiaries to,
(i) consolidate with or be a party to a merger with any other Person or
(ii) sell, lease or otherwise dispose of all or a "substantial part" of the
consolidated assets of the Parent and its Restricted Subsidiaries;
PROVIDED, HOWEVER, that:

            (1)   any Restricted Subsidiary of the Parent may merge or
      consolidate with or into or sell, lease or otherwise convey its
      assets to the Parent or any Restricted Subsidiary of which the Parent
      directly or indirectly holds at least the same percentage equity
      ownership or is entitled through ownership of interests,
      contractually or otherwise, to at least the same economic interest;
      PROVIDED THAT in any such merger or consolidation involving the
      Borrower, the Borrower or the Parent shall be the surviving or
      continuing corporation;

            (2)   The Parent and its Subsidiaries may dissolve or liquidate
      any Restricted Subsidiary of the Parent (other than the Borrower) or
      of such Subsidiary so long as all the assets of such dissolved or
      liquidated Restricted Subsidiary (i) were either investments in real
      estate, or real estate related assets, including notes and other
      securities all of which have been sold or (ii) are concurrently
      transferred to the Parent or any Restricted Subsidiary of which the
      Parent directly or indirectly holds at least the same percentage
      equity ownership or is entitled through ownership of interests,
      contractually or otherwise, to at least the same economic interest;
      PROVIDED THAT if any Guarantor (other than the Parent) is dissolved
      or liquidated all of such Guarantor's assets shall be concurrently
      transferred to the Borrower or another Guarantor;

            (3)   The Parent or any Restricted Subsidiary of the Parent may
      consolidate or merge with any other Person if the Borrower or such
      Restricted Subsidiary or, in the case of such a transaction involving
      the Borrower, the Parent or the Borrower is the surviving or
      continuing corporation and at the time of such consolidation or
      merger, and after giving effect thereto, no Default or Event of
      Default shall have occurred and be continuing;

                                    35
<PAGE>
            (4)   The Parent and its Subsidiaries may sell or otherwise
      dispose of any asset which, in the reasonable judgment of such
      Person, have become obsolete or worn out;

            (5)   The Parent and its Subsidiaries may sell Property to the
      extent permitted by Section 7.11;

            (6)   The Parent and its Subsidiaries may sell delinquent notes
      or accounts receivables in the ordinary course of business for
      purposes of collection only (and not for the purpose of any bulk sale
      or securitization); and

            (7)   The Parent and its Subsidiaries may in a fair market
      value transaction, sell or otherwise dispose of any direct or
      indirect Investment in real estate or real estate related assets,
      including notes and other securities;

As used in this Section 7.12(a), a sale, lease, transfer or disposition of
assets during any fiscal year shall be deemed to be of a "substantial part"
of the consolidated assets of the Parent and its Restricted Subsidiaries if
the net book value of such assets, when added to the net book value of all
other assets (not including dispositions of stock in Subsidiaries permitted
under Section 7.12(b) hereof) sold, leased, transferred or disposed of by
the Parent and its Restricted Subsidiaries during such fiscal year (other
than inventory in the ordinary course of business) exceeds 5% of the total
assets of the Parent and its Restricted Subsidiaries, determined on a
consolidated basis as of the last day of the immediately preceding fiscal
year.

      (b)   Except with respect to the syndication or other disposition of
Subsidiaries or interests in Subsidiaries through which direct or indirect
Investments in real estate or real estate related assets, including notes
and other securities, are made, the Parent will not sell, transfer or
otherwise dispose of, or permit any Restricted Subsidiary to issue, sell,
transfer or otherwise dispose of, any shares of stock of any class
(including as "stock" for purposes of this Section, any warrants, rights or
options to purchase or otherwise acquire stock or other Securities
exchangeable for or convertible into stock) of any Subsidiary, except to
the Parent or any Restricted Subsidiary of which the Parent directly or
indirectly holds at least the same percentage equity ownership or is
entitled through ownership of interests, contractually or otherwise, to at
least the same economic interest and except for the purpose of qualifying
directors.

      SECTION 7.13.  USE OF PROPERTY AND FACILITIES; ENVIRONMENTAL AND
HEALTH AND SAFETY LAWS.

      (a)   The Parent will, and will cause each of its Subsidiaries to,
comply in all material respects with the requirements of all Environmental
and Health Laws applicable to or pertaining to the Properties or business
operations of the Parent or any Subsidiary of the Parent to the extent
noncompliance would reasonably be expected to have a Material Adverse
Effect.  Without limiting the foregoing, the Parent will not, and will not
permit any Person to, except in accordance with applicable law, dispose of
any Hazardous Material into, onto or upon any real property owned or
operated by the Parent or any of its Subsidiaries if such disposal would
reasonably be expected to have a Material Adverse Effect.

      (b)   The Parent will promptly provide the Banks with copies of any
notice or other instrument of the type described in Section 5.11(c) hereof,
and in no event later than five (5) Business Days after the President,
chief executive officer, chief financial officer, chief operating officer,
treasurer, assistant treasurer or controller of the Parent receives such
notice or instrument.

                                    36
<PAGE>
      SECTION 7.14.  INVESTMENTS, ACQUISITIONS, LOANS, ADVANCES AND
GUARANTIES.  The Parent will not, nor will it permit any Subsidiary to,
directly or indirectly, make, retain or have outstanding any investments
(whether through purchase of stock or obligations or otherwise) in, or
loans or advances to, any other Person (other than the Parent or a
Subsidiary of the Parent), or acquire all or any substantial part of the
assets or business of any other Person (other than the Parent or a
Subsidiary of the Parent) or division thereof, or be or become liable as
endorser, guarantor, surety or otherwise (such as liability as a general
partner) for any debt, obligation or undertaking of any other Person (other
than the Parent or a Subsidiary of the Parent), or otherwise agree to
provide funds for payment of the obligations of another (other than the
Parent or a Subsidiary of the Parent), or supply funds thereto or invest
therein or otherwise assure a creditor of another (other than the Parent or
a Subsidiary of the Parent) against loss, or apply for or become liable to
the issuer of a letter of credit which supports an obligation of another
(other than the Parent or a Subsidiary of the Parent) (cumulatively, all of
the foregoing, being "Investments"); PROVIDED, HOWEVER, that the foregoing
provisions shall not apply to nor operate to prevent:

            (a)   investments in direct obligations of the United States of
      America or of any agency or instrumentality thereof whose obligations
      constitute full faith and credit obligations of the United States of
      America PROVIDED that any such obligation matures within one year
      from the date it is acquired by the Parent or Subsidiary;

            (b)   investments in commercial paper rated at least P-1 by
      Moody's Investors Service Inc. or A-1 by Standard & Poor's Ratings
      Services Group, a division of The McGraw-Hill Companies, Inc.
      maturing within one year of its date of issuance;

            (c)   demand deposit accounts maintained in the ordinary course
      of business;

            (d)   investments in certificates of deposit issued by and time
      deposits with any commercial bank (whether domestic or foreign)
      having capital and surplus of not less than $50,000,000 maturing
      within one year from the date of issuance thereof or in banker's
      acceptances endorsed by any Bank or other such commercial bank and
      maturing within six months of the date of acceptance;

            (e)   investments in certificates of deposit issued by and time
      deposits with any commercial bank (whether domestic or foreign)
      having capital and surplus in excess of $10,000,000 but less than
      $50,000,000, which deposits shall not exceed $500,000 in the
      aggregate;

            (f)   investments in repurchase obligations with a term of not
      more than seven (7) days for underlying securities of the types
      described in subsection (a) above entered into with any bank meeting
      the qualifications specified in subsection (d) above, PROVIDED all
      such agreements require physical delivery of the securities securing
      such repurchase agreement, except those delivered through the Federal
      Reserve Book Entry System;

            (g)   investments in money market funds that invest solely, and
      which are restricted by their respective charters to invest solely,
      in investments of the type described in the immediately preceding
      subsections (a), (b), (c) and (d) above;

            (h)   endorsements of negotiable instruments for collection in
      the ordinary course of business;

                                    37
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            (i)   Loans and advances to employees and relocation companies
      in the ordinary course of business not to exceed $20,000,000 in the
      aggregate at any one time outstanding, PROVIDED that loans and
      advances to new employees that are made in lieu of a signing bonus or
      similar compensation shall not be considered a loan or advance for
      purposes of this Section 7.14 so long as the terms of such loan or
      advance provide that such loan or advance may be forgiven and
      converted to compensation upon meeting certain performance objectives
      by such employee;

            (j)   Investments in existence on the date hereof and described
      on Schedule 7.14 hereof;

            (k)   Acquisitions or Investments in a line of business related
      to that of the Parent and its Subsidiaries and Investments and
      commitments to make Investments, including guarantees of such
      commitments and guarantees of the commitments of employees of the
      Parent or any Subsidiary, directly and indirectly through
      Subsidiaries and other Persons in real estate and real estate related
      assets, including notes and other securities, PROVIDED that (i) no
      Default or Event of Default exists or would exist after giving effect
      to such Acquisition or Investment, (ii) in the case of an
      Acquisition, (I) the Board of Directors or other governing body or
      the holders of 100% of the equity interests of such Person whose
      Property, or Voting Stock or other interests in which, are being so
      acquired has approved the terms of such Acquisition, and (II) the
      portion of the purchase price for any such Acquisition paid by the
      Parent or any Subsidiary in cash, including the aggregate principal
      amount of all liabilities assumed in connection with such
      Acquisitions, shall not exceed $50,000,000, and (iii) in the case of
      Investments not constituting Acquisitions, such Investment funded in
      cash together with all other Investments funded in cash not
      constituting Acquisitions (excluding up to $50,000,000 of Investments
      in the aggregate that are in the form of a Guaranty) permitted under
      this subsection (k) since the Effective Date reduced by the amount of
      proceeds of the disposition of all or any part of any Investments
      existing on the Effective Date or acquired thereafter does not exceed
      $250,000,000 in aggregate purchase price; PROVIDED that if the
      aggregate purchase price for any Investment by the Parent or any
      Subsidiary in any one Person exceeds $50,000,000 the Parent shall
      have received the prior written consent of the Required Banks; or

            (l)   Performance guarantees (other than guarantees of the
      payment of Indebtedness), performance and surety bonds and
      environmental, "bad boy" and completion guarantees provided by the
      Borrower, the Parent, or any Subsidiary.

      In determining the amount of Investments permitted under this Section
7.14, Investments shall always be taken at the original cost thereof
(regardless of any subsequent appreciation or depreciation therein), and
Investments in the form of loans and advances shall be taken at the
principal amount thereof then remaining unpaid, and Investments in the form
of guarantees (including liabilities as a general partner) shall be taken
at the lesser of (i) amount of obligations guaranteed and (ii) the fair
market value of all the assets of such guarantor or general partner.  A
change in the form of an Investment (e.g. from an interest as a limited
partner to making a direct loan to such limited partnership or a change in
the form of an entity from a limited partnership to a corporation) shall
not be regarded as a further Investment except to the extent the Parent or
any of its Subsidiaries invests any further money.

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      SECTION 7.15.  CONSOLIDATED NET WORTH.  The Parent will at all times
maintain a Consolidated Net Worth of not less than the Minimum Required
Amount.  For purposes of this section, the "Minimum Required Amount" shall
mean (i) $450,000,000 during the Annual Measurement Period commencing on
December 31, 2005, and (ii) during each Annual Measurement Period
thereafter, an amount equal to the sum of (x) the Minimum Required Amount
for the immediately preceding Annual Measurement Period plus (y) an amount
equal to 50% of the cumulative positive Consolidated Net Income earned in
the fiscal year completed during the immediately preceding Annual
Measurement Period (but without subtraction for any negative Consolidated
Net Income for any such fiscal year); PROVIDED, HOWEVER, in each case such
Minimum Required Amount shall increase on the date of the issuance of
capital securities (other than in connection with the Parent's Stock
Compensation Program, Employee Stock Purchase Plan, Stock Award and
Incentive Plan and any similar programs or plans) by the Parent by an
amount equal to 100% of the Net Cash Proceeds of such issuance.  As used
herein the term "Annual Measurement Period" shall mean each period
commencing on December 31 of a calendar year and ending on December 30 of
the immediately subsequent calendar year.

      SECTION 7.16.  FUNDED DEBT TO ADJUSTED EBITDA.  The Parent will as of
the last day of each calendar quarter maintain the Total Funded Debt to
Adjusted EBITDA Ratio at not more than 3.25 to 1.00.

      SECTION 7.17.  INTEREST COVERAGE RATIO.  The Parent will as of the
last day of each calendar quarter maintain an Interest Coverage Ratio of
not less than 2.50 to 1.00.

      SECTION 7.18.  DIVIDENDS AND OTHER SHAREHOLDER DISTRIBUTIONS.  The
Parent shall only declare or pay dividends or make a distribution (other
than dividends and distributions payable solely in its capital stock) of
any kind (including by redemption or purchase other than purchases of
outstanding capital stock in connection with the Parent's Stock
Compensation Program, Employee Stock Purchase Plan, Stock Award and
Incentive Plan and any similar programs or plans) on its outstanding
capital stock, if no Default or Event of Default exists prior to or would
result after giving effect to such action.

      SECTION 7.19.  INDEBTEDNESS.  The Parent will not, and will not
permit any of its Restricted Subsidiaries to, have outstanding at any time
any Indebtedness other than:

            (a)   The Obligations of the Borrower and Guarantors owing to
      the Banks and Administrative Agent hereunder;

            (b)   Indebtedness of (i) the Borrower to the Parent or any
      Subsidiary, (ii) any Subsidiary to the Parent or any other Subsidiary
      and (iii) the Parent to any Subsidiary;

            (c)   Capitalized Lease Obligations in an aggregate principal
      amount outstanding not to exceed $15,000,000 on any date of
      determination;

            (d)   Subordinated Indebtedness;

            (e)   Investments (as defined in Section 7.14) permitted
      pursuant to Section 7.14 in the form of Indebtedness;

            (f)   Guaranties by the Parent and its Subsidiaries of
      obligations of the Parent and its Subsidiaries which obligations are
      not prohibited under this Agreement;

            (g)   Indebtedness of non-U.S. domiciled Subsidiaries in an
      aggregate principal amount outstanding not to exceed the U.S. Dollar
      Equivalent of $50,000,000 on any date of determination; or

                                    39
<PAGE>
            (h)   Indebtedness not otherwise permitted by this Section 7.19
      of not more than $200,000,000 in aggregate principal amount
      outstanding on any date of determination for the Parent and its
      Restricted Subsidiaries.

      SECTION 7.20.  TRANSACTIONS WITH AFFILIATES.  The Parent will not,
and will not permit any of its Subsidiaries to, enter into or be a party to
any material transaction or arrangement (where "material" means material
for the Parent and its Subsidiaries taken as a whole) with any Affiliate of
such Person (other than the Parent or any of its Subsidiaries), including
without limitation, the purchase from, sale to or exchange of Property
with, any merger or consolidation with or into, or the rendering of any
service by or for, any Affiliate, except in the ordinary course of and
pursuant to the reasonable requirements of the Parent's or such
Subsidiary's business and upon fair and reasonable terms no less favorable
to the Parent or such Subsidiary than could be obtained in a comparable
arm's-length transaction with a Person other than an Affiliate.

      SECTION 7.21.  COMPLIANCE WITH LAWS.  Without limiting any of the
other covenants of the Parent in this Section 7, the Parent will, and will
cause each of its Subsidiaries to, conduct its business, and otherwise be,
in compliance with all applicable laws, regulations, ordinances and orders
of any governmental or judicial authorities; PROVIDED, HOWEVER, that
neither the Parent nor any Subsidiary of the Parent shall be required to
comply with any such law, regulation, ordinance or order if (x) it shall be
contesting such law, regulation, ordinance or order in good faith by
appropriate proceedings and reserves in conformity with GAAP have been
provided therefor on the books of the Parent or such Subsidiary, as the
case may be, or (y) the failure to comply therewith is not reasonably
expected to have, in the aggregate, a Material Adverse Effect.

      SECTION 7.22.  ADDITIONAL GUARANTORS.  If on the last day of the
calendar quarter ending March 31, 2006 and each calendar quarter ending
thereafter the total liabilities of the non-Guarantor Subsidiaries of the
Parent equal or exceed 35% of the book value of the total consolidated
assets of the Parent and its Subsidiaries, then the Parent will, within
fifteen (15) Business Days of the date on which the balance sheet for such
date is required to be delivered pursuant to Section 7.6(a)(i) or
Section 7.6(a)(ii), cause an additional Subsidiary or additional
Subsidiaries to become a Guarantor or Guarantors hereunder such that the
total liabilities of the non-Guarantor Subsidiaries of the Parent are less
than 35% of the book value of the total consolidated assets of the Parent
and its Subsidiaries.  Upon any such Subsidiary becoming a Guarantor
hereunder the Parent shall provide to the Administrative Agent an updated
Schedule 5.2.

SECTION 8.  EVENTS OF DEFAULT AND REMEDIES.

      SECTION 8.1.  EVENTS OF DEFAULT.  Any one or more of the following
shall constitute an Event of Default:

            (a)   default (x) in the payment when due of the principal
      amount of any Loan, Swingline Loan or of any Reimbursement Obligation
      or (y) for a period of three (3) days in the payment when due of
      interest or of any other Obligation;

            (b)   default by the Borrower, the Parent or any Subsidiary in
      the observance or performance of any covenant set forth in the first
      sentence of Section 7.1, Section 7.6(c), 7.9 through 7.12, or 7.14
      through 7.19 hereof;

            (c)   default by the Borrower, the Parent or any Subsidiary in
      the observance or performance of any provision hereof or of any other
      Credit Document not mentioned in (a) or (b) above, which is not
      remedied within thirty (30) days after notice thereof to the Parent
      by the Administrative Agent (acting at the request of any Bank);

                                    40
<PAGE>
            (d)   (i) failure to pay when due Indebtedness in an aggregate
      principal amount of $10,000,000 or more of the Borrower, Parent or
      any Subsidiary or (ii) default shall occur under one or more
      indentures, agreements or other instruments under which any
      Indebtedness of the Borrower, the Parent or any Subsidiary in an
      aggregate principal amount of $10,000,000 or more is outstanding and
      such default shall continue for a period of time sufficient to permit
      the holder or beneficiary of such Indebtedness or a trustee therefor
      to cause the acceleration of the maturity of any such Indebtedness or
      any mandatory unscheduled prepayment, purchase or funding thereof;

            (e)   any representation or warranty made herein or in any
      other Credit Document by the Borrower, the Parent or any Subsidiary,
      or in any statement or certificate furnished pursuant hereto or
      pursuant to any other Credit Document by the Borrower, the Parent or
      any Subsidiary, or in connection with any Credit Document, shall be
      untrue in any material respect as of the date of the issuance or
      making, or deemed making or issuance, thereof;

            (f)   the Borrower, the Parent or any Subsidiary shall (i) have
      entered involuntarily against it an order for relief under the United
      States Bankruptcy Code, as amended, or any analogous action is taken
      under any other applicable law relating to bankruptcy or insolvency,
      (ii) fail to pay, or admit in writing its inability to pay, its debts
      generally as they become due, (iii) make an assignment for the
      benefit of creditors, (iv) apply for, seek, consent to, or acquiesce
      in, the appointment of a receiver, custodian, trustee, examiner,
      liquidator or similar official for it or any substantial part of its
      Property, (v) institute any proceeding seeking to have entered
      against it an order for relief under the United States Bankruptcy
      Code, as amended, to adjudicate it insolvent, or seeking dissolution,
      winding up, liquidation, reorganization, arrangement, adjustment or
      composition of it or its debts under any law relating to bankruptcy,
      insolvency or reorganization or relief of debtors or fail within the
      time allowed therefor to file an answer or other pleading denying the
      material allegations of any such proceeding filed against it,
      (vi) take any corporate action (such as the passage by the board of
      directors of a resolution) in furtherance of any matter described in
      parts (i)-(v) above, or (vii) fail to contest in good faith any
      appointment or proceeding described in Section 8.1(g) hereof;

            (g)   a custodian, receiver, trustee, examiner, liquidator or
      similar official shall be appointed for the Borrower, the Parent or
      any Subsidiary or any substantial part of any of their Property, or a
      proceeding described in Section 8.1(f)(v) shall be instituted against
      the Borrower, the Parent or any Subsidiary, and such appointment
      continues undischarged or such proceeding continues undismissed or
      unstayed for a period of sixty (60) days;

            (h)   the Borrower, the Parent or any Subsidiary shall fail
      within thirty (30) days to pay, bond or otherwise discharge any
      judgment or order for the payment of money in excess of $5,000,000,
      which is not stayed on appeal or otherwise being appropriately
      contested in good faith in a manner that stays execution thereon;

            (i)   the Parent or any other member of the Controlled Group
      shall fail to pay when due an amount or amounts aggregating in excess
      of $5,000,000 which it shall have become liable to pay to the PBGC or
      to a Plan under Title IV of ERISA; or notice of intent to terminate a
      Plan or Plans having aggregate Unfunded Vested Liabilities in excess
      of $5,000,000 (collectively, a "Material Plan") shall be filed under
      Title IV of ERISA by the Parent or any Subsidiary or any other member
      of the Controlled Group, any plan administrator or any combination of
      the foregoing; or the PBGC shall institute proceedings under Title IV
      of ERISA to terminate or to cause a trustee to be appointed to
      administer any Material Plan or a proceeding shall be instituted by a

                                    41
<PAGE>
      fiduciary of any Material Plan against the Parent or any other member
      of the Controlled Group to enforce Section 515 or 4219(c)(5) of ERISA
      and such proceeding shall not have been dismissed within thirty (30)
      days thereafter; or a condition shall exist by reason of which the
      PBGC would be entitled to obtain a decree adjudicating that any
      Material Plan must be terminated;

            (j)   the Borrower, the Parent or any Subsidiary, or any Person
      acting on behalf of the Borrower, the Parent or a Subsidiary, or any
      governmental authority challenges the validity of any Credit Document
      or the Borrower's, the Parent's or a Subsidiary's obligations
      thereunder or any Credit Document ceases to be in full force and
      effect; or

            (k)   a Change of Control shall have occurred.

      SECTION 8.2.  NON-BANKRUPTCY DEFAULTS.  When any Event of Default
other than those described in subsections (f) or (g) of Section 8.1 hereof
has occurred and is continuing, the Administrative Agent shall, by written
notice to the Parent: (a) if so directed by the Required Banks, terminate
the remaining Commitments and all other obligations of the Banks hereunder
on the date stated in such notice (which may be the date thereof); (b) if
so directed by the Required Banks, declare the principal of and the accrued
interest on all outstanding Loans, Swingline Loans and all other amounts
due under the Credit Documents to be forthwith due and payable and
thereupon all outstanding Loans and Swingline Loans, including both
principal and interest thereon, shall be and become immediately due and
payable together with all other amounts payable under the Credit Documents
without further demand, presentment, protest or notice of any kind; and
(c) if so directed by the Required Banks, demand that the Borrower
immediately pay to the Administrative Agent, subject to Section 8.4, the
full amount then available for drawing under each or any Letter of Credit,
and the Borrower agrees to immediately make such payment and acknowledges
and agrees that the Banks would not have an adequate remedy at law for
failure by the Borrower to honor any such demand and that the
Administrative Agent, for the benefit of the Banks, shall have the right to
require the Borrower to specifically perform such undertaking whether or
not any drawings or other demands for payment have been made under any
Letter of Credit.  The Administrative Agent, after giving notice to the
Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also
promptly send a copy of such notice to the other Banks, but the failure to
do so shall not impair or annul the effect of such notice.

      SECTION 8.3.  BANKRUPTCY DEFAULTS.  When any Event of Default
described in subsections (f) or (g) of Section 8.1 hereof has occurred and
is continuing, then all outstanding Loans and Swingline Loans shall
immediately become due and payable together with all other amounts payable
under the Credit Documents without presentment, demand, protest or notice
of any kind, the obligation of the Banks to extend further credit pursuant
to any of the terms hereof shall immediately terminate and the Borrower
shall immediately pay to the Administrative Agent, subject to Section 8.4,
the full amount then available for drawing under all outstanding Letters of
Credit, the Borrower acknowledging that the Banks would not have an
adequate remedy at law for failure by the Borrower to honor any such demand
and that the Banks, and the Administrative Agent on their behalf, shall
have the right to require the Borrower to specifically perform such
undertaking whether or not any draws or other demands for payment have been
made under any of the Letters of Credit.

      SECTION 8.4.  COLLATERAL FOR UNDRAWN LETTERS OF CREDIT.

      (a)   If the payment or prepayment of the amount available for
drawing under any or all outstanding Letters of Credit is required under
Section 8.2 or 8.3 above, the Borrower shall forthwith pay the amount
required to be so prepaid, to be held by the Administrative Agent as
provided in subsection (b) below.

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<PAGE>
      (b)   All amounts prepaid pursuant to subsection (a) above shall be
held by the Administrative Agent in a separate collateral account (such
account, and the credit balances, properties and any investments from time
to time held therein, and any substitutions for such account, any
certificate of deposit or other instrument evidencing any of the foregoing
and all proceeds of and earnings on any of the foregoing being collectively
called the "Account") as security for, and for application by the
Administrative Agent (to the extent available) to, the reimbursement of any
payment under any Letter of Credit then or thereafter made by the
Administrative Agent, and to the payment of the unpaid balance of any Loans
and all other Obligations.  The Account shall be held in the name of and
subject to the exclusive dominion and control of the Administrative Agent
for the benefit of the Administrative Agent and the Banks.  The Borrower
hereby grants the Administrative Agent, for the benefit of the
Administrative Agent and the Banks, a Lien on the Account and all credit
balances and investments held therein.  If and when requested by the
Borrower, the Administrative Agent shall invest funds held in the Account
from time to time in direct obligations of, or obligations the principal of
and interest on which are unconditionally guaranteed by, the United States
of America with a remaining maturity of one year or less, PROVIDED that the
Administrative Agent is irrevocably authorized to sell investments held in
the Account when and as required to make payments out of the Account for
application to amounts due and owing from the Borrower to the
Administrative Agent or Banks; PROVIDED, HOWEVER, that if (i) the Borrower
shall have made payment of all Obligations, (ii) all relevant preference or
other disgorgement periods relating to the receipt of such payments have
passed, and (iii) no Letters of Credit, Commitments, Loans, Swingline Loans
or other Obligations remain outstanding hereunder, then the Administrative
Agent shall repay to the Borrower any remaining amounts held in the
Account.

      SECTION 8.5.  NOTICE OF DEFAULT.  The Administrative Agent shall give
notice to the Borrower under Section 8.1(c) hereof promptly upon being
requested to do so by any Bank and shall thereupon notify all the Banks
thereof.

      SECTION 8.6.  EXPENSES.  The Borrower agrees to pay to the
Administrative Agent and each Bank, and any other holder of any Note
outstanding hereunder, all expenses reasonably incurred or paid by the
Administrative Agent and such Bank or any such holder, including reasonable
attorneys' fees and court costs, in connection with any Default or Event of
Default by the Borrower hereunder or in connection with the enforcement of
any of the Credit Documents (including all such costs and expenses incurred
in connection with any proceeding under the United States Bankruptcy Code
involving the Parent or any of its Subsidiary as a debtor thereunder.

SECTION 9.  CHANGE IN CIRCUMSTANCES.

      SECTION 9.1.  CHANGE OF LAW.  Notwithstanding any other provisions of
this Agreement or any Note, if at any time after the date hereof any change
in applicable law or regulation or in the interpretation thereof makes it
unlawful for any Bank to make or continue to maintain Eurocurrency Loans or
to perform its obligations as contemplated hereby, such Bank shall promptly
give notice thereof to the Borrower and such Bank's obligations to make or
maintain Eurocurrency Loans under this Agreement shall terminate until it
is no longer unlawful for such Bank to make or maintain Eurocurrency Loans.

The Borrower shall prepay on demand the outstanding principal amount of any
such affected Eurocurrency Loans, together with all interest accrued
thereon at a rate per annum equal to the interest rate applicable to such
Loan; PROVIDED, HOWEVER, subject to all of the terms and conditions of this
Agreement, the Borrower may then elect to borrow the principal amount of
the affected Eurocurrency Loans from such Bank by means of Domestic Rate
Loans from such Bank, which Domestic Rate Loans shall not be made ratably
by the Banks but only from such affected Bank.

                                    43
<PAGE>
      SECTION 9.2.  UNAVAILABILITY OF DEPOSITS OR INABILITY TO ASCERTAIN,
OR INADEQUACY OF, LIBOR.  If on or prior to the first day of any Interest
Period for any Borrowing of Eurocurrency Loans:

      (a)   the Administrative Agent determines that deposits in U.S.
Dollars or the applicable Alternative Currency (in the applicable amounts)
are not being offered to it in the eurocurrency interbank market for such
Interest Period, or that by reason of circumstances affecting the interbank
eurocurrency market adequate and reasonable means do not exist for
ascertaining the applicable LIBOR, or

      (b)   the Required Banks reasonably determine and so advise the
Administrative Agent that LIBOR as reasonably determined by the
Administrative Agent will not adequately and fairly reflect the cost to
such Banks of funding their Eurocurrency Loans for such Interest Period,
then the Administrative Agent shall forthwith give notice thereof to the
Borrower and the Banks, whereupon until the Administrative Agent notifies
the Borrower that the circumstances giving rise to such suspension no
longer exist, the obligations of the Banks to make Eurocurrency Loans in
the currency so affected shall be suspended; PROVIDED that such suspension
shall have no effect on any Eurocurrency Loan then outstanding.

      SECTION 9.3.  INCREASED COST AND REDUCED RETURN.

      (a)   If, on or after the date hereof, the adoption of any applicable
law, rule or regulation, or any change therein, or any change in the
interpretation or administration thereof by any governmental authority,
central bank or comparable agency charged with the interpretation or
administration thereof, or compliance by any Bank (or its Lending Office)
with any request or directive (whether or not having the force of law but,
if not having the force of law, compliance with which is customary in the
relevant jurisdiction) of any such authority, central bank or comparable
agency:

            (i)   shall subject any Bank (or its Lending Office) to any
      tax, duty or other charge with respect to its Eurocurrency Loans, its
      Notes, its Letter(s) of Credit, or its participation in any thereof,
      any Reimbursement Obligations owed to it or its obligation to make
      Eurocurrency Loans, issue a Letter of Credit, or to participate
      therein, or shall change the basis of taxation of payments to any
      Bank (or its Lending Office) of the principal of or interest on its
      Eurocurrency Loans, Letter(s) of Credit, or participations therein or
      any other amounts due under this Agreement in respect of its
      Eurocurrency Loans, Letter(s) of Credit, or participations therein,
      any Reimbursement Obligations owed to it, or its obligation to make
      Eurocurrency Loans, issue a Letter of Credit, or acquire
      participations therein (except for changes in the rate of tax on the
      overall net income or profits of such Bank or its Lending Office
      imposed by the jurisdiction in which such Bank or its lending office
      is incorporated in which such Bank's principal executive office or
      Lending Office is located); or

            (ii)  shall impose, modify or deem applicable any reserve,
      special deposit, capital or similar requirement (including, without
      limitation, any such requirement imposed by the Board of Governors of
      the Federal Reserve System, but excluding with respect to any
      Eurocurrency Loans any such requirement included in an applicable
      Eurocurrency Reserve Percentage) against assets of, deposits with or
      for the account of, or credit extended by, any Bank (or its Lending
      Office) or shall impose on any Bank (or its Lending Office) or on the
      interbank market any other condition affecting its Eurocurrency
      Loans, its Notes, its Letter(s) of Credit, or its participation in
      any thereof, any Reimbursement Obligation owed to it, or its
      obligation to make Eurocurrency Loans, to issue a Letter of Credit,
      or to participate therein;

                                    44
<PAGE>
and the result of any of the foregoing is to increase the cost to such Bank
(or its Lending Office) of making or maintaining any Eurocurrency Loan,
issuing or maintaining a Letter of Credit, or participating therein, or to
reduce the amount of any sum received or receivable by such Bank (or its
Lending Office) under this Agreement or under its Notes with respect
thereto, by an amount deemed by such Bank to be material, then, within
fifteen (15) days after demand by such Bank (with a copy to the
Administrative Agent), the Borrower shall be obligated to pay to such Bank
such additional amount or amounts as will compensate such Bank for such
increased cost or reduction; PROVIDED, HOWEVER, that such Bank shall
promptly notify the Borrower of an event which might cause it to seek
compensation, and the Borrower shall be obligated to pay only such
compensation which is incurred or which arises after the date ninety (90)
days prior to the date such notice is given.  In the event any law, rule,
regulation or interpretation described above is revoked, declared invalid
or inapplicable or is otherwise rescinded, and as a result thereof a Bank
is determined to be entitled to a refund from the applicable authority for
any amount or amounts which were paid or reimbursed by the Borrower to such
Bank hereunder, such Bank shall refund such amount or amounts to the
Borrower without interest.

      (b)   Each Bank that determines to seek compensation under this
Section 9.3 shall notify the Borrower and the Administrative Agent of the
circumstances that entitle the Bank to such compensation pursuant to this
Section 9.3 and will designate a different Lending Office if such
designation will avoid the need for, or reduce the amount of, such
compensation and will not, in the reasonable judgment of such Bank, be
otherwise disadvantageous to such Bank.  A certificate of any Bank claiming
compensation under this Section 9.3 and setting forth the additional amount
or amounts to be paid to it hereunder shall be conclusive in the absence of
manifest error.  In determining such amount, such Bank may use any
reasonable averaging and attribution methods.

      SECTION 9.4.  LENDING OFFICES.  Each Bank may, at its option, elect
to make its Loans hereunder at the branch, office or affiliate specified on
the appropriate signature page hereof (each a "Lending Office") for each
type of Loan or Swingline Loans available hereunder or at such other of its
branches, offices or affiliates as it may from time to time elect and
designate in a written notice to the Borrower and the Administrative Agent.

      SECTION 9.5.  DISCRETION OF BANK AS TO MANNER OF FUNDING.
Notwithstanding any other provision of this Agreement, each Bank shall be
entitled to fund and maintain its funding of all or any part of its Loans
or Swingline Loans in any manner it sees fit, it being understood, however,
that for the purposes of this Agreement all determinations hereunder shall
be made as if each Bank had actually funded and maintained each
Eurocurrency Loan through the purchase of deposits of U.S. Dollars or the
applicable Alternative Currency in the eurocurrency interbank market having
a maturity corresponding to such Loan's Interest Period and bearing an
interest rate equal to LIBOR for such Interest Period.

SECTION 10.  THE ADMINISTRATIVE AGENT.

      SECTION 10.1.  APPOINTMENT AND AUTHORIZATION OF ADMINISTRATIVE AGENT.

Each Bank hereby appoints Harris N.A. as the Administrative Agent under the
Credit Documents and hereby authorizes the Administrative Agent to take
such action as Administrative Agent on its behalf and to exercise such
powers under the Credit Documents as are delegated to the Administrative
Agent by the terms thereof, together with such powers as are reasonably
incidental thereto.  The Banks expressly agree that the Administrative
Agent is not acting as a fiduciary of the Banks in respect of the Credit
Documents, the Borrower or otherwise except as expressly set forth herein,
and nothing herein or in any of the other Credit Documents shall result in
any duties or obligations on the Administrative Agent or any of the Banks
except as expressly set forth herein.

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<PAGE>
      SECTION 10.2.  ADMINISTRATIVE AGENT AND ITS AFFILIATES.  The
Administrative Agent shall have the same rights and powers under this
Agreement and the other Credit Documents as any other Bank and may exercise
or refrain from exercising the same as though it were not the
Administrative Agent, and the Administrative Agent and its affiliates may
accept deposits from, lend money to, and generally engage in any kind of
business with the Borrower or any Affiliate of the Borrower as if it were
not the Administrative Agent under the Credit Documents.  The term "Bank"
as used herein and in all other Credit Documents, unless the context
otherwise clearly requires, includes the Administrative Agent in its
individual capacity as a Bank.  References in Section 1 hereof to the
Administrative Agent's Loans, or to the amount owing to the Administrative
Agent for which an interest rate is being determined, refer to the
Administrative Agent in its individual capacity as a Bank.

      SECTION 10.3.  ACTION BY ADMINISTRATIVE AGENT.  If the Administrative
Agent receives from the Parent a written notice of an Event of Default
pursuant to Section 7.6(c) hereof, the Administrative Agent shall promptly
give each of the Banks written notice thereof.  The obligations of the
Administrative Agent under the Credit Documents are only those expressly
set forth therein.  Without limiting the generality of the foregoing, the
Administrative Agent shall not be required to take any action hereunder
with respect to any Default or Event of Default, except as expressly
provided in Sections 8.2 and 8.5.  In no event, however, shall the
Administrative Agent be required to take any action in violation of
applicable law or of any provision of any Credit Document, and the
Administrative Agent shall in all cases be fully justified in failing or
refusing to act hereunder or under any other Credit Document unless it
shall be first indemnified to its reasonable satisfaction by the Banks
against any and all costs, expense, and liability which may be incurred by
it by reason of taking or continuing to take any such action.  The
Administrative Agent shall be entitled to assume that no Default or Event
of Default exists unless notified to the contrary by a Bank, the Parent or
the Borrower.  In all cases in which this Agreement and the other Credit
Documents do not require the Administrative Agent to take certain actions,
the Administrative Agent shall be fully justified in using its discretion
in failing to take or in taking any action hereunder and thereunder.  Any
instructions of the Required Banks, or of any other group of Banks called
for under the specific provisions of the Credit Documents, in each case,
shall be binding upon all the Banks and the holders of the Obligations.

      SECTION 10.4.  CONSULTATION WITH EXPERTS.  The Administrative Agent
may consult with legal counsel, independent public accountants and other
experts selected by it and shall not be liable for any action taken or
omitted to be taken by it in good faith in accordance with the advice of
such counsel, accountants or experts.

      SECTION 10.5.  LIABILITY OF ADMINISTRATIVE AGENT; CREDIT DECISION.
Neither the Administrative Agent nor any of its directors, officers,
agents, or employees shall be liable for any action taken or not taken by
it in connection with the Credit Documents (i) with the consent or at the
request of the Required Banks or all of the Banks, as applicable, or
(ii) in the absence of its own gross negligence or willful misconduct.
Neither the Administrative Agent nor any of its directors, officers, agents
or employees shall be responsible for or have any duty to ascertain,
inquire into or verify (i) any statement, warranty or representation made
in connection with this Agreement, any other Credit Document or any Credit
Event; (ii) the performance or observance of any of the covenants or
agreements of the Borrower or any Guarantor contained herein or in any
other Credit Document; (iii) the satisfaction of any condition specified in
Section 6 hereof, except receipt of items required to be delivered to the
Administrative Agent; or (iv) the validity, effectiveness, genuineness,
enforceability, perfection, value, worth or collectibility hereof or of any
other Credit Document or of any other documents or writing furnished in
connection with any Credit Document; and the Administrative Agent makes no
representation of any kind or character with respect to any such matter
mentioned in this sentence.  The Administrative Agent may execute any of
its duties under any of the Credit Documents by or through employees,
agents, and attorneys-in-fact and shall not be answerable to the Banks, the

                                    46
<PAGE>
Borrower, or any Guarantor or any other Person for the default or
misconduct of any such agents or attorneys-in-fact selected with reasonable
care.  The Administrative Agent shall not incur any liability by acting in
reliance upon any notice, consent, certificate, other document or statement
(whether written or oral) reasonably believed by it to be genuine or to be
sent by the proper party or parties.  In particular and without limiting
any of the foregoing, the Administrative Agent shall have no responsibility
for confirming the accuracy of any Compliance Certificate or other document
or instrument received by it under the Credit Documents.  The
Administrative Agent may treat the payee of any Note as the holder thereof
until written notice of transfer shall have been filed with the
Administrative Agent signed by such payee in form satisfactory to the
Administrative Agent.  Each Bank acknowledges that it has independently and
without reliance on the Administrative Agent or any other Bank, and based
upon such information, investigations and inquiries as it deems
appropriate, made its own credit analysis and decision to extend credit to
the Borrower in the manner set forth in the Credit Documents.  It shall be
the responsibility of each Bank to keep itself informed as to the
creditworthiness of the Borrower and the Guarantors, and the Administrative
Agent shall have no liability to any Bank with respect thereto.

      SECTION 10.6.  INDEMNITY.  The Banks shall ratably, in accordance
with their respective Percentages, indemnify and hold the Administrative
Agent, and its directors, officers, employees, agents and representatives
harmless from and against any liabilities, losses, costs or expenses
suffered or incurred by it under any Credit Document or in connection with
the transactions contemplated thereby, regardless of when asserted or
arising, except to the extent they are promptly reimbursed for the same by
the Borrower and except to the extent that any event giving rise to a claim
was caused by the gross negligence or willful misconduct of the party
seeking to be indemnified.  The obligations of the Banks under this
Section 10.6 shall survive termination of this Agreement.  The
Administrative Agent shall be entitled to offset amounts received for the
account of a Bank under this Agreement against unpaid amounts due from such
Bank to the Administrative Agent hereunder (whether as fundings of
participations, indemnities or otherwise), but shall not be entitled to
offset against amounts owed to the Administrative Agent by any Bank arising
outside of this Agreement and the other Credit Documents.

      SECTION 10.7.  RESIGNATION OF ADMINISTRATIVE AGENT AND SUCCESSOR
ADMINISTRATIVE AGENT.  The Administrative Agent may resign at any time by
giving written notice thereof to the Banks and the Borrower.  Upon any such
resignation of the Administrative Agent, the Required Banks shall have the
right to appoint a successor Administrative Agent with the consent of the
Borrower; PROVIDED that the Borrower's consent shall not be required upon
the occurrence and during the continuance of an Event of Default.  If no
successor Administrative Agent shall have been so appointed by the Required
Banks, and shall have accepted such appointment, within thirty (30) days
after the retiring Administrative Agent's giving of notice of resignation,
then the retiring Administrative Agent may, on behalf of the Banks and with
the consent of the Borrower, appoint a successor Administrative Agent,
which shall be any Bank hereunder or any commercial bank organized under
the laws of the United States of America or of any State thereof and having
a combined capital and surplus of at least $200,000,000.  Upon the
acceptance of its appointment as the Administrative Agent hereunder, such
successor Administrative Agent shall thereupon succeed to and become vested
with all the rights and duties of the retiring or removed Administrative
Agent under the Credit Documents, and the retiring Administrative Agent
shall be discharged from its duties and obligations thereunder.  After any
retiring Administrative Agent's resignation hereunder as Administrative
Agent, the provisions of this Section 10 and all protective provisions of
the other Credit Documents shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent.

                                    47
<PAGE>
SECTION 11.  THE GUARANTEES.

      SECTION 11.1.  THE GUARANTEES.  To induce the Banks to provide the
credits described herein and in consideration of benefits expected to
accrue to each Guarantor by reason of the Commitments and for other good
and valuable consideration, receipt of which is hereby acknowledged, each
Guarantor hereby unconditionally and irrevocably guarantees jointly and
severally to the Administrative Agent, the Banks, and each other holder of
an Obligation, the due and punctual payment of all present and future
indebtedness of the Borrower evidenced by or arising out of the Credit
Documents, including, but not limited to, the due and punctual payment of
principal of and interest on the Notes and the due and punctual payment of
all other Obligations now or hereafter owed by the Borrower under the
Credit Documents as and when the same shall become due and payable, whether
at stated maturity, by acceleration or otherwise, according to the terms
hereof and thereof.  In case of failure by the Borrower or other obligor
punctually to pay any indebtedness or other Obligations guaranteed hereby,
each Guarantor hereby unconditionally agrees jointly and severally to make
such payment or to cause such payment to be made punctually as and when the
same shall become due and payable, whether at stated maturity, by
acceleration or otherwise, and as if such payment were made by the
Borrower.

      SECTION 11.2.  GUARANTEE UNCONDITIONAL.  The obligations of each
Guarantor as a guarantor under this Section 11 shall be unconditional and
absolute and, without limiting the generality of the foregoing, shall not
be released, discharged or otherwise affected by:

            (a)   any extension, renewal, settlement, compromise, waiver or
      release in respect of any obligation of the Borrower or of any other
      Guarantor under this Agreement or any other Credit Document or by
      operation of law or otherwise;

            (b)   any modification or amendment of or supplement to this
      Agreement or any other Credit Document;

            (c)   any change in the corporate existence, structure or
      ownership of, or any insolvency, bankruptcy, reorganization or other
      similar proceeding affecting, the Borrower, any other Guarantor, or
      any of their respective assets, or any resulting release or discharge
      of any obligation of the Borrower or of any other Guarantor contained
      in any Credit Document;

            (d)   the existence of any claim, set-off or other rights which
      the Guarantor may have at any time against the Administrative Agent,
      any Bank or any other Person, whether or not arising in connection
      herewith;

            (e)   any failure to assert, or any assertion of, any claim or
      demand or any exercise of, or failure to exercise, any rights or
      remedies against the Borrower, any other Guarantor or any other
      Person or Property;

            (f)   any application of any sums by whomsoever paid or
      howsoever realized to any obligation of the Borrower, regardless of
      what obligations of the Borrower remain unpaid;

            (g)   any invalidity or unenforceability relating to or against
      the Borrower or any other Guarantor for any reason of this Agreement
      or of any other Credit Document or any provision of applicable law or
      regulation purporting to prohibit the payment by the Borrower or any
      other Guarantor of the principal of or interest on any Note or any
      other amount payable by it under the Credit Documents; or

                                    48
<PAGE>
            (h)   any other act or omission to act or delay of any kind by
      the Administrative Agent, any Bank or any other Person or any other
      circumstance whatsoever that might, but for the provisions of this
      paragraph, constitute a legal or equitable discharge of the
      obligations of a Guarantor under this Section 11 or the Borrower
      under this Agreement.

      SECTION 11.3.  DISCHARGE ONLY UPON PAYMENT IN FULL; REINSTATEMENT IN
CERTAIN CIRCUMSTANCES.  Each Guarantor's obligations under this Section 11
shall remain in full force and effect until the Commitments are terminated
and the principal of and interest on the Notes and all other amounts
payable by the Borrower under this Agreement and all other Credit Documents
shall have been paid in full.  If at any time any payment of the principal
of or interest on any Note or any other amount payable by the Borrower
under the Credit Documents is rescinded or must be otherwise restored or
returned upon the insolvency, bankruptcy or reorganization of the Borrower
or of a Guarantor, or otherwise, each Guarantor's obligations under this
Section 11 with respect to such payment shall be reinstated at such time as
though such payment had become due but had not been made at such time.

      SECTION 11.4.  WAIVERS

      (a)   GENERAL.  Each Guarantor irrevocably waives acceptance hereof,
presentment, demand, protest and any notice not provided for herein, as
well as any requirement that at any time any action be taken by the
Administrative Agent, any Bank or any other Person against the Borrower,
another Guarantor or any other Person.

      (b)   SUBROGATION AND CONTRIBUTION.  Unless and until the Obligations
have been fully paid and satisfied and the Commitments have terminated,
each Guarantor hereby irrevocably waives any claim or other right it may
now or hereafter acquire against the Borrower or any other Guarantor that
arises from the existence, payment, performance or enforcement of such
Guarantor's obligations under this Section 11 or any other Credit Document,
including, without limitation, any right of subrogation, reimbursement,
exoneration, contribution, indemnification, or any right to participate in
any claim or remedy of the Administrative Agent, any Bank or any other
holder of an Obligation against the Borrower or any other Guarantor whether
or not such claim, remedy or right arises in equity or under contract,
statute or common law, including, without limitation, the right to take or
receive from the Borrower or any other Guarantor directly or indirectly, in
cash or other property or by set-off or in any other manner, payment or
security on account of such claim or other right.  If any amount shall be
paid to a Guarantor on account of such subrogation rights at any time prior
to the later of (x) the payment in full of the Obligations and all other
amounts payable by the Borrower hereunder and the other Credit Documents
and (y) the termination of the Commitments and expiration of all Letters of
Credit, such amount shall be held in trust for the benefit of the
Administrative Agent and the Banks (and their Affiliates) and shall
forthwith be paid to the Administrative Agent for the benefit of the Banks
(and their Affiliates) or be credited and applied upon the Obligations,
whether matured or unmatured, in accordance with the terms of this
Agreement.

      SECTION 11.5.  LIMIT ON RECOVERY.  Notwithstanding any other
provision hereof, the right to recovery of the holders of the Obligations
against each Guarantor under this Section 11 shall not exceed $1.00 less
than the lowest amount which would render such Guarantor's obligations
under this Section 11 void or voidable under applicable law, including
without limitation fraudulent conveyance law.

      SECTION 11.6.  STAY OF ACCELERATION.  If acceleration of the time for
payment of any amount payable by the Borrower under this Agreement or any
other Credit Document is stayed upon the insolvency, bankruptcy or
reorganization of the Borrower, all such amounts otherwise subject to
acceleration under the terms of this Agreement or the other Credit
Documents shall nonetheless be payable jointly and severally by the
Guarantors hereunder forthwith on demand by the Administrative Agent made
at the request of the Required Banks.

                                    49
<PAGE>
      SECTION 11.7.  BENEFIT TO GUARANTORS.  The Borrower and the
Guarantors are engaged in related businesses and integrated to such an
extent that the financial strength and flexibility of the Borrower has a
direct impact on the success of each Guarantor.  Each Guarantor will derive
substantial direct and indirect benefit from the extensions of credit
hereunder.

      SECTION 11.8.  GUARANTOR COVENANTS.  Each Guarantor shall take such
action as the Borrower is required by this Agreement to cause such
Guarantor to take, and shall refrain from taking such action as the
Borrower is required by this Agreement to prohibit such Guarantor from
taking.

SECTION 12.  MISCELLANEOUS.

      SECTION 12.1.  PAYMENTS FREE OF WITHHOLDING TAXES.  Except as
otherwise required by law, each payment by the Borrower and each Guarantor
under this Agreement or the other Credit Documents shall be made without
withholding for or on account of any present or future taxes (other than
overall net income taxes on the recipient) imposed by or within the
jurisdiction in which the Borrower or such Guarantor is domiciled, any
jurisdiction from which the Borrower or such Guarantor makes any payment,
or (in each case) any political subdivision or taxing authority thereof or
therein.  If any such withholding is so required, the Borrower or relevant
Guarantor shall make the withholding, pay the amount withheld to the
appropriate governmental authority before penalties attach thereto or
interest accrues thereon and forthwith pay such additional amount as may be
necessary to ensure that the net amount actually received by each Bank and
the Administrative Agent free and clear of such taxes (including such taxes
on such additional amount) is equal to the amount which that Bank or the
Administrative Agent (as the case may be) would have received had such
withholding not been made.  If the Administrative Agent or any Bank pays
any amount in respect of any such taxes, penalties or interest the Borrower
shall reimburse the Administrative Agent or that Bank for that payment on
demand in the currency in which such payment was made.  If the Borrower or
any Guarantor pays any such taxes, penalties or interest, it shall deliver
official tax receipts evidencing that payment or certified copies thereof
to the Bank or Administrative Agent on whose account such withholding was
made (with a copy to the Administrative Agent if not the recipient of the
original) on or before the thirtieth day after payment.  If any Bank or the
Administrative Agent determines it has received or been granted a credit
against or relief or remission for, or repayment of, any taxes paid or
payable by it because of any taxes, penalties or interest paid by the
Borrower or any Guarantor and evidenced by such a tax receipt, such Bank or
Administrative Agent shall, to the extent it can do so without prejudice to
the retention of the amount of such credit, relief, remission or repayment,
pay to the Borrower or such Guarantor as applicable, such amount as such
Bank or Administrative Agent determines is attributable to such deduction
or withholding and which will leave such Bank or Administrative Agent
(after such payment) in no better or worse position than it would have been
in if the Borrower had not been required to make such deduction or
withholding.  Nothing in this Agreement shall interfere with the right of
each Bank and the Administrative Agent to arrange its tax affairs in
whatever manner it thinks fit nor oblige any Bank or the Administrative
Agent to disclose any information relating to its tax affairs or any
computations in connection with  such taxes.

      SECTION 12.2.  NO WAIVER OF RIGHTS.  No delay or failure on the part
of the Administrative Agent or any Bank or on the part of the holder or
holders of any Note in the exercise of any power or right under any Credit
Document shall operate as a waiver thereof, nor as an acquiescence in any
default, nor shall any single or partial exercise thereof preclude any
other or further exercise of any other power or right.  The rights and
remedies hereunder of the Administrative Agent, the Banks and the holder or
holders of any Notes are cumulative to, and not exclusive of, any rights or
remedies which any of them would otherwise have.

                                    50
<PAGE>
      SECTION 12.3.  NON-BUSINESS DAY.  If any payment of principal or
interest on any Loan, Swingline Loan or of any other Obligation shall fall
due on a day which is not a Business Day, interest or fees (as applicable)
at the rate, if any, such Loan, Swingline Loan or other Obligation bears
for the period prior to maturity shall continue to accrue on such
Obligation from the stated due date thereof to but not including the next
succeeding Business Day, on which the same shall be payable.

      SECTION 12.4.  DOCUMENTARY TAXES.  The Borrower agrees that it will
pay any documentary, stamp or similar taxes payable in respect to any
Credit Document, including interest and penalties, in the event any such
taxes are assessed, irrespective of when such assessment is made and
whether or not any credit is then in use or available hereunder.

      SECTION 12.5.  SURVIVAL OF REPRESENTATIONS.  All representations and
warranties made herein or in certificates given pursuant hereto shall
survive the execution and delivery of this Agreement and the other Credit
Documents, and shall continue in full force and effect with respect to the
date as of which they were made as long as any credit is in use or
available hereunder.

      SECTION 12.6.  SURVIVAL OF INDEMNITIES.  All indemnities and all
other provisions relative to reimbursement to the Banks of amounts
sufficient to protect the yield of the Banks with respect to the Loans,
including, but not limited to, Section 1.12, Section 9.3 and Section 12.15
hereof, shall survive the termination of this Agreement and the other
Credit Documents and the payment of the Loans, Swingline Loans and all
other Obligations.

      SECTION 12.7.  SHARING OF SET-OFF.  Each Bank agrees with each other
Bank a party hereto that if such Bank shall receive and retain any payment,
whether by set-off or application of deposit balances or otherwise ("Set-
off"), on any of the Loans, Swingline Loans or Reimbursement Obligations in
excess of its ratable share of payments on all such obligations then
outstanding to the Banks, then such Bank shall purchase for cash at face
value, but without recourse, ratably from each of the other Banks such
amount of the Loans, Swingline Loans or Reimbursement Obligations, or
participations therein, held by each such other Banks (or interest therein)
as shall be necessary to cause such Bank to share such excess payment
ratably with all the other Banks; PROVIDED, HOWEVER, that if any such
purchase is made by any Bank, and if such excess payment or part thereof is
thereafter recovered from such purchasing Bank, the related purchases from
the other Banks shall be rescinded ratably and the purchase price restored
as to the portion of such excess payment so recovered, but without
interest.  For purposes of this Section 12.7, amounts owed to or recovered
by, the Administrative Agent in connection with Reimbursement Obligations
in which Banks have been required to fund their participation shall be
treated as amounts owed to or recovered by the Administrative Agent as a
Bank hereunder.

      SECTION 12.8.  NOTICES.  Except as otherwise specified herein, all
notices under the Credit Documents shall be in writing (including telecopy
or other electronic communication) and shall be given to a party hereunder
at its address or telecopier number set forth below or such other address
or telecopier number as such party may hereafter specify by notice to the
Administrative Agent and the Borrower, given by courier, by United States
certified or registered mail, or by other telecommunication device capable
of creating a written record of such notice and its receipt.  Notices under
the Credit Documents to the Banks and the Administrative Agent shall be
addressed to their respective addresses, telecopier or telephone numbers
set forth in its Administrative Questionnaire, and to the Borrower and the
Guarantors to:

                                    51
<PAGE>
      Jones Lang LaSalle Finance B.V.
      Kantoorgebouw Atrium
      Strawinskylaan 3103
      1077 ZX Amsterdam
      Attention:  Henk Teeuwisse
      Telecopy:  31 20 661 15 66
      Telephone:  31 20 540 54 05

with a copy to:

      Jones Lang LaSalle Incorporated
      200 East Randolph Street
      Chicago, Illinois  60601
      Attention:  Brian P. Hake
      Telecopy:  312-819-0027
      Telephone:  312-228-2522

with a copy of notices of Defaults and Events of Default to:

      Jones Lang LaSalle Finance B.V.
      c/o Jones Lang LaSalle Incorporated
      200 East Randolph Street
      Chicago, Illinois  60601
      Attention:  Mark J. Ohringer,
      Global General Counsel
      Telecopy:  312-228-2277
      Telephone:  312-228-2423

      Each such notice, request or other communication shall be effective
(i) if given by telecopier, when such telecopy is transmitted to the
telecopier number specified in this Section 12.8 or on the Administrative
Questionnaire and a confirmation of receipt of such telecopy has been
received by the sender, (ii) if given by courier, when delivered, (iii) if
given by mail, three business days after such communication is deposited in
the mail, registered with return receipt requested, addressed as aforesaid
or (iv) if given by any other means, when delivered at the addresses
specified in this Section 12.8 or on the Administrative Questionnaire;
PROVIDED THAT any notice given pursuant to Section 1 hereof shall be
effective only upon receipt.

      SECTION 12.9.  COUNTERPARTS.  This Agreement may be executed in any
number of counterpart signature pages, and by the different parties on
different counterparts, each of which when executed shall be deemed an
original but all such counterparts taken together shall constitute one and
the same instrument.

      SECTION 12.10.  SUCCESSORS AND ASSIGNS.  This Agreement shall be
binding upon the Borrower and the Guarantors and their successors and
assigns, and shall inure to the benefit of the Administrative Agent and
each of the Banks and the benefit of their respective successors and
assigns, including any subsequent holder of any Obligation.  The Borrower
and the Guarantors may not assign any of their rights or obligations under
any Credit Document without the written consent of all of the Banks.

      SECTION 12.11.  PARTICIPANTS.  Each Bank shall have the right at its
own cost to grant participations (to be evidenced by one or more agreements
or certificates of participation) in the Loans made and Reimbursement
Obligations and/or Commitments held by such Bank at any time and from time
to time to one or more other Persons; PROVIDED THAT no such participation
shall relieve any Bank of any of its obligations under this Agreement, and,
PROVIDED, FURTHER that no such participant shall have any rights under this
Agreement except as provided in this Section 12.11, and the Administrative
Agent shall have no obligation or responsibility to such participant.  Any
agreement pursuant to which such participation  is granted shall provide
that the granting Bank shall retain the sole right and responsibility to
enforce the obligations of the Borrower and Guarantors under this Agreement

                                    52
<PAGE>
and the other Credit Documents including, without limitation, the right to
approve any amendment, modification or waiver of any provision of the
Credit Documents, except that such agreement may provide that such Bank
will not agree to any modification, amendment or waiver of the Credit
Documents described in clauses (i) and (ii) of Section 12.13 hereof.  Any
party to which such a participation has been granted shall have the
benefits of Section 1.12 and Section 9.3 hereof.

      SECTION 12.12.  ASSIGNMENT OF COMMITMENTS BY BANKS.

      (a)   Each Bank shall have the right at any time, with the prior
written consent of the Administrative Agent and, so long as no Event of
Default shall have occurred and be continuing, the Borrower (which consent
of the Borrower shall not be unreasonably withheld or delayed), to assign,
transfer or negotiate all or any part of its rights and obligations under
the Credit Documents (including, without limitation, the indebtedness
evidenced by the Notes then held by such assigning Bank, together with an
equivalent percentage of its obligation to make Loans and participate in
Letters of Credit  and Swingline Loans) to one or more Persons, PROVIDED
THAT, (i) unless otherwise agreed to by the Administrative Agent, such
assignment shall be of a fixed percentage (and not by its terms of varying
percentage) of the assigning Bank's rights and obligations under the Credit
Documents; (ii) each such assignment is in an amount of at least $5,000,000
or the entire Commitment of such Bank; (iii) each such assignment shall be
evidenced by a written agreement (substantially in the form attached hereto
as Exhibit E or in such other form acceptable to the Administrative Agent)
executed by such assigning Bank, such assignee Bank or Banks, the
Administrative Agent and, if required as provided above, the Borrower,
which agreement shall specify in each instance the portion of the
Obligations which are to be assigned to the assignee Bank and the portion
of the Commitments of the assigning Bank to be assumed by the assignee
Bank; (iv) the assigning Bank shall pay to the Administrative Agent a
processing fee of $3,500 and any out-of-pocket attorneys' fees and expenses
incurred by the Administrative Agent in connection with any such assignment
agreement; and (v) neither the consent of the Borrower nor of the
Administrative Agent shall be required if the assignee is an Affiliate of
the assigning Bank.  Upon any such assignment, delivery to the
Administrative Agent and the Borrower of an executed copy of such
assignment agreement and the payment of the $3,500 processing fee to the
Administrative Agent, the assignee shall become a Bank hereunder, all
Loans, participations in Letters of Credit and Swingline Loans and the
Commitment it thereby holds shall be governed by all the terms and
conditions hereof and the Bank granting such assignment shall have its
Commitment, and its obligations and rights in connection therewith, reduced
by the amount of such assignment.  At the time of the assignment the
Borrower, if requested, shall execute and deliver to the assignor and/or
assignee new Notes.

      (b)   Any Bank may at any time, without the consent of the Borrower
or Administrative Agent, assign all or a portion of its rights under the
Credit Documents to a Federal Reserve Bank; PROVIDED, HOWEVER, that no such
assignment shall release the transferor Bank from its obligations hereunder
or cause such Federal Reserve Bank to become a "Bank" hereunder.

      SECTION 12.13.  AMENDMENTS.  Any provision of the Credit Documents
may be amended or waived if, but only if, such amendment or waiver is in
writing and is signed by (a) the Borrower, (b) the Required Banks, and
(c) if the rights or duties of the Administrative Agent are affected
thereby, the Administrative Agent; PROVIDED that:

            (i)   no amendment or waiver pursuant to this Section 12.13
      shall (A) increase or extend any Commitment of any Bank without the
      consent of such Bank or (B) reduce the amount of or postpone any
      fixed date for payment of any principal of or interest on any Loan,
      Swingline Loan or Reimbursement Obligation or of any fee payable
      hereunder without the consent of the Bank to which such payment is
      owing or which has committed to make such Loan, Swingline Loan or
      Letter of Credit (or participate therein) hereunder;

                                    53
<PAGE>
            (ii)  no amendment or waiver pursuant to this Section 12.13
      shall, unless signed by each Bank, change any provision of this
      Section 12.13, or the definitions of Termination Date or Required
      Banks, or affect the number of Banks required to take any action
      under the Credit Documents, or release any Guarantor (other than
      pursuant to the terms hereof) from its guaranty of any Obligations;
      and

            (iii) no amendment or waiver to Section 11 hereof shall be made
      without the consent of the Guarantor(s) affected thereby.

      SECTION 12.14.  HEADINGS.  Section headings used in this Agreement
are for reference only and shall not affect the construction of this
Agreement.

      SECTION 12.15.  LEGAL FEES, OTHER COSTS AND INDEMNIFICATION.  The
Borrower agrees to pay all reasonable costs and expenses of the
Administrative Agent in connection with the preparation and negotiation of
the Credit Documents, including without limitation, the reasonable fees and
disbursements of Chapman and Cutler LLP, counsel to the Administrative
Agent, in connection with the preparation and execution of the Credit
Documents, and any amendment, waiver or consent related hereto, whether or
not the transactions contemplated herein are consummated.  The Borrower
further agrees to indemnify each Bank, the Administrative Agent, and their
respective directors, officers and employees, against all losses, claims,
damages, penalties, judgments, liabilities and expenses (including, without
limitation, all expenses of litigation or preparation therefor, whether or
not the indemnified Person is a party thereto) which any of them may incur
or reasonably pay arising out of or relating to any Credit Document or any
of the transactions contemplated thereby or the direct or indirect
application or proposed application of the proceeds of any Loan, Swingline
Loan or Letter of Credit, other than those which arise from the gross
negligence or willful misconduct of the party claiming indemnification.
The Borrower, upon demand by the Administrative Agent or a Bank at any
time, shall reimburse the Administrative Agent or Bank for any reasonable
legal or other expenses incurred in connection with investigating or
defending against any of the foregoing except if the same is directly due
to the gross negligence or willful misconduct of the party to be
indemnified.

      SECTION 12.16.  SET OFF.  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 any Event of
Default, each Bank and each subsequent holder of any Obligation is hereby
authorized by the Borrower and each Guarantor at any time or from time to
time, without notice to the Borrower, to the Guarantors or to any other
Person, any such notice being hereby expressly waived, to set off and to
appropriate and to apply any and all deposits (general or special,
including, but not limited to, indebtedness evidenced by certificates of
deposit, whether matured or unmatured, but not including trust accounts or
other accounts of the Borrower or any Guarantor in a fiduciary capacity,
and in whatever currency denominated) and any other indebtedness at any
time held or owing by that Bank or that subsequent holder to or for the
credit or the account of the Borrower or any Guarantor, whether or not
matured, against and on account of the obligations and liabilities of the
Borrower or any Guarantor to that Bank or that subsequent holder under the
Credit Documents, including, but not limited to, all claims of any nature
or description arising out of or connected with the Credit Documents,
irrespective of whether or not (a) that Bank or that subsequent holder
shall have made any demand hereunder or (b) the principal of or the
interest on the Loans or Notes and other amounts due hereunder shall have
become due and payable pursuant to Section 8 and although said obligations
and liabilities, or any of them, may be contingent or unmatured.

                                    54
<PAGE>
      SECTION 12.17.  CURRENCY.  Each reference in this Agreement to U.S.
Dollars or to an Alternative Currency (the "relevant currency") is of the
essence.  To the fullest extent permitted by law, the obligation of the
Borrower and each Guarantor in respect of any amount due in the relevant
currency under this Agreement shall, notwithstanding any payment in any
other currency (whether pursuant to a judgment or otherwise), be discharged
only to the extent of the amount in the relevant currency that the Person
entitled to receive such payment may, in accordance with normal banking
procedures, purchase with the sum paid in such other currency (after any
premium and costs of exchange) on the Business Day immediately following
the day on which such Person receives such payment.  If the amount of the
relevant currency so purchased is less than the sum originally due to such
Person in the relevant currency, the Borrower or relevant Guarantor agrees,
as a separate obligation and notwithstanding any such judgment, to
indemnify such Person against such loss, and if the amount of the specified
currency so purchased exceeds the sum of (a) the amount originally due to
the relevant Person in the specified currency plus (b) any amounts shared
with other Banks as a result of allocations of such excess as a
disproportionate payment to such Person under Section 12.7 hereof, such
Person agrees to remit such excess to the Borrower.

      SECTION 12.18.  ENTIRE AGREEMENT.  The Credit Documents constitute
the entire understanding of the parties thereto with respect to the subject
matter thereof and any prior or contemporaneous agreements, whether written
or oral, with respect thereto are superseded thereby.

      SECTION 12.19.  GOVERNING LAW.  This Agreement and the other Credit
Documents, and the rights and duties of the parties hereto, shall be
construed and determined in accordance with the internal laws of the State
of Illinois.

      SECTION 12.20.  SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL.
The Borrower and each Guarantor hereby submits to the nonexclusive
jurisdiction of the United States District Court for the Northern District
of Illinois and of any Illinois State court sitting in the City of Chicago
for purposes of all legal proceedings arising out of or relating to this
Agreement, the other Credit Documents or the transactions contemplated
hereby or thereby.  The Borrower and each Guarantor irrevocably waives, to
the fullest extent permitted by law, any objection which it may now or
hereafter have to the laying of the venue of any such proceeding brought in
such a court and any claim that any such proceeding brought in such a court
has been brought in an inconvenient forum.  THE BORROWER, EACH GUARANTOR,
THE ADMINISTRATIVE AGENT, AND EACH BANK HEREBY IRREVOCABLY WAIVES ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO ANY CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY.
The Borrower and each Guarantor (other than the Parent) hereby irrevocably
designates, appoints and empowers the Parent as its designee, appointee and
agent to receive, accept and acknowledge for and on its behalf, and in
respect of its property, service of any and all legal process, summons,
notices and documents which may be served in any such action or proceeding.

If for any reason the Parent shall cease to be available to act as such,
the Borrower and each Guarantor (other than the Parent) agrees to designate
a new designee, appointee and agent in Chicago, Illinois on the terms and
for the purposes of this provision satisfactory to the Administrative Agent
under this Agreement.  The Borrower and 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 that service of
process was in any way invalid or ineffective.  Nothing herein shall affect
the right of the Administrative Agent, any Bank or the holder of any Note
to serve process in any other manner permitted by law or to commence legal
proceedings or otherwise proceed against the Borrower or any Guarantor in
any other jurisdiction.

                                    55
<PAGE>
      SECTION 12.21.  LIMITATION OF LIABILITY.  In addition to, and not in
limitation of, any limitation on liability provided by law or by any
contract, agreement, instrument or document, the liability of each
Guarantor that is a partnership shall be limited to the assets of such
Guarantor, and no present or future partner of any such Guarantor shall
have any personal liability under this Agreement, except if such partner is
itself a Guarantor or the Borrower.

      SECTION 12.22.  CONFIDENTIALITY.  Each Bank agrees to keep
confidential any confidential written information provided to it by or on
behalf of the Borrower or the Parent pursuant to or in connection with this
Agreement; PROVIDED THAT nothing herein shall prevent any Bank from
disclosing any such information (i) to the Administrative Agent or any
other Bank, (ii) to any participant or assignee or prospective participant
or assignee so long as such participant or assignee or prospective
participant or assignee agrees in writing to the requirement that such
information be kept confidential in the manner contemplated by this
Section 12.22, (iii) to its employees involved in the administration of
this Agreement, directors, attorneys, accountants and other professional
advisors (each of which shall be instructed to hold the same in
confidence), (iv) in response to the request or demand of any governmental
authority, (v) in response to any order of any court or other governmental
authority or as may otherwise be required pursuant to any law, regulation
or legal process, PROVIDED, HOWEVER, that such Bank, to the extent legally
permitted to do so, will use its best efforts to notify the Parent prior to
any disclosure of information contemplated by this subparagraph (v),
(vi) which has been publicly disclosed other than in breach of this
Agreement, or (vii) in connection with the exercise of any remedy hereunder
or under any Credit Document.

      SECTION 12.23.  SEVERABILITY OF PROVISIONS.  Any provision of any
Credit Document which is unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such unenforceability
without invalidating the remaining provisions hereof or affecting the
validity or enforceability of such provision in any other jurisdiction.
All rights, remedies and powers provided in this Agreement and the other
Credit Documents may be exercised only to the extent that the exercise
thereof does not violate any applicable mandatory provisions of law, and
all the provisions of this Agreement and other Credit Documents are
intended to be subject to all applicable mandatory provisions of law which
may be controlling and to be limited to the extent necessary so that they
will not render this Agreement or the other Credit Documents invalid or
unenforceable.

      SECTION 12.24.  EXCESS INTEREST.  Notwithstanding any provision to
the contrary contained herein or in any other Credit Document, no such
provision shall require the payment or permit the collection of any amount
of interest in excess of the maximum amount of interest permitted by
applicable law to be charged for the use or detention, or the forbearance
in the collection, of all or any portion of the Loans, Swingline Loans or
other obligations outstanding under this Agreement or any other Credit
Document ("Excess Interest").  If any Excess Interest is provided for, or
is adjudicated to be provided for, herein or in any other Credit Document,
then in such event (a) the provisions of this Section shall govern and
control, (b) neither the Borrower nor any guarantor or endorser shall be
obligated to pay any Excess Interest, (c) any Excess Interest that the
Administrative Agent or any Bank may have received hereunder shall, at the
option of the Administrative Agent, be (i) applied as a credit against the
then outstanding principal amount of Obligations hereunder and accrued and
unpaid interest thereon (not to exceed the maximum amount permitted by
applicable law), (ii) refunded to the Borrower, or (iii) any combination of
the foregoing, (d) the interest rate payable hereunder or under any other
Credit Document shall be automatically subject to reduction to the maximum
lawful contract rate allowed under applicable usury laws (the "Maximum
Rate"), and this Agreement and the other Credit Documents shall be deemed
to have been, and shall be, reformed and modified to reflect such reduction

                                    56
<PAGE>
in the relevant interest rate, and (e) neither the Borrower nor any
guarantor or endorser shall have any action against the Administrative
Agent or any Bank for any damages whatsoever arising out of the payment or
collection of any Excess Interest.  Notwithstanding the foregoing, if for
any period of time interest on any of Borrower's Obligations is calculated
at the Maximum Rate rather than the applicable rate under this Agreement,
and thereafter such applicable rate becomes less than the Maximum Rate, the
rate of interest payable on the Borrower's Obligations shall remain at the
Maximum Rate until the Banks have received the amount of interest which
such Banks would have received during such period on the Borrower's
Obligations had the rate of interest not been limited to the Maximum Rate
during such period.

      SECTION 12.25.  CONSTRUCTION.  NOTHING CONTAINED HEREIN SHALL BE
DEEMED OR CONSTRUED TO PERMIT ANY ACT OR OMISSION WHICH IS PROHIBITED BY
THE TERMS OF ANY CREDIT DOCUMENT, THE COVENANTS AND AGREEMENTS CONTAINED
HEREIN BEING IN ADDITION TO AND NOT IN SUBSTITUTION FOR THE COVENANTS AND
AGREEMENTS CONTAINED IN THE CREDIT DOCUMENTS.

      SECTION 12.26.  BANK'S OBLIGATIONS SEVERAL.  The obligations of the
Banks hereunder are several and not joint.  Nothing contained in this
Agreement and no action taken by the Banks pursuant hereto shall be deemed
to constitute the Banks a partnership, association, joint venture or other
entity.

      SECTION 12.27.  USA PATRIOT ACT.  Each Bank that is subject to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the "Act") hereby notifies the Borrower and
each Guarantor that pursuant to the requirements of the Act, it is required
to obtain, verify, and record information that identifies the Borrower and
each Guarantor, which information includes the name and address of the
Borrower and each Guarantor and other information that will allow such Bank
to identify the Borrower and each Guarantor in accordance with the Act.

                                    57
<PAGE>
      In Witness Whereof, the parties hereto have caused their duly
authorized officers to execute and deliver this Agreement as of the date
first above written.

                        JONES LANG LASALLE FINANCE B.V.

                        By /s/Brian P. Hake
                        Title Managing Director

                        JONES LANG LASALLE INCORPORATED,
                        as Guarantor

                        By    /s/Brian P. Hake
                        Title  Vice President and Treasurer

                        JONES LANG LASALLE CO-INVESTMENT, INC.,
                        as Guarantor

                        By   /s/Brian P. Hake
                        Title  Vice President and Treasurer

                        JONES LANG LASALLE INTERNATIONAL, INC.,
                        as Guarantor

                        By   /s/Brian P. Hake

                        Title  Vice President and Treasurer

                        LASALLE INVESTMENT MANAGEMENT, INC.,
                        as Guarantor

                        By  /s/Brian P. Hake

                        Title  Vice President and Treasurer

                                          [Multicurrency Credit Agreement]

                                    S-1
<PAGE>
                        JONES LANG LASALLE AMERICAS, INC.,
                        as Guarantor

                        By  /s/Brian P. Hake

                        Title  Vice President and Treasurer

                        JONES LANG LASALLE LIMITED, as Guarantor

                        By  /s/Brian P. Hake

                        Title  Attorney-in-fact

                        JONES LANG LASALLE GmbH, as Guarantor

                        By  /s/Brian P. Hake

                        Title  Attorney-in-fact

                                          [Multicurrency Credit Agreement]

                                    S-2
<PAGE>
                        HARRIS N.A., in its individual capacity
                        as a Bank and as Administrative Agent

                        By    /s/Virginia Neale
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-3
<PAGE>
                        BANK OF AMERICA, N.A.

                        By    /s/Adam M. Goettsche
                              ------------------------------

                        Title Senior Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-4
<PAGE>
                        LASALLE BANK NATIONAL ASSOCIATION

                        By    /s/Julie Anne Thick
                              ------------------------------

                        Title Senior Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-5
<PAGE>
                        ROYAL BANK OF SCOTLAND PLC

                        By    /s/Nigel Goddard
                              ------------------------------

                        Title Relationship Manager
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-6
<PAGE>
                        U.S. BANK NATIONAL ASSOCIATION

                        By    /s/R. Michael Newton
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-7
<PAGE>
                        BARCLAYS BANK PLC

                        By    /s/David Barton
                              ------------------------------

                        Title Associate Director
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-8
<PAGE>
                        FIFTH THIRD BANK (CHICAGO),
                        a Michigan banking corporation

                        By    /s/Joseph A. Wemhoff
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                    S-9
<PAGE>
                        NATIONAL CITY BANK OF THE MIDWEST

                        By    /s/James Kershner
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                   S-10
<PAGE>
                        PNC Bank, National Association

                        By    /s/Michael E. Smith
                              ------------------------------

                        Title Senior Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                   S-11
<PAGE>
                        WELLS FARGO BANK, N.A.

                        By    /s/Andrew Cavallari
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                   S-12
<PAGE>
                        HSBC BANK PLC

                        By    /s/Paul Saunders
                              ------------------------------

                        Title Global Relationship Manager
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                   S-13
<PAGE>
                        THE BANK OF NEW YORK

                        By    /s/Mark O'Connor
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                   S-14
<PAGE>
                        THE NORTHERN TRUST COMPANY

                        By    /s/Carol Conklin
                              ------------------------------

                        Title Vice President
                              ------------------------------

                                          [Multicurrency Credit Agreement]

                                   S-15
<PAGE>
                                EXHIBIT A-1

                                   NOTE

                                          ________________, _____

      For Value Received, the undersigned, Jones Lang LaSalle Finance B.V.,
a private company with limited liability organized under the laws of The
Netherlands (the "Borrower"), promises to pay to the order of
________________________ (the "Bank") on the Termination Date of the
hereinafter defined Credit Agreement, at the principal office of Harris
N.A., as Administrative Agent, in Chicago, Illinois, (or in the case of
Eurocurrency Loans denominated in an Alternative Currency, at such office
as the Administrative Agent has previously notified the Borrower) in the
currency of such Loan in accordance with Section 3.1 of the Credit
Agreement, the aggregate unpaid principal amount of all Loans made by the
Bank to the Borrower pursuant to the Credit Agreement, together with
interest on the principal amount of each Loan from time to time outstanding
hereunder at the rates, and payable in the manner and on the dates,
specified in the Credit Agreement.

      The Bank shall record on its books or records or on a schedule
attached to this Note, which is a part hereof, each Loan made by it
pursuant to the Credit Agreement, together with all payments of principal
and interest and the principal balances from time to time outstanding
hereon, whether the Loan is a Domestic Rate Loan or a Eurocurrency Loan,
the currency thereof and the interest rate and Interest Period applicable
thereto, PROVIDED that prior to the transfer of this Note all such amounts
shall be recorded on a schedule attached to this Note.  The record thereof,
whether shown on such books or records or on a schedule to this Note, shall
be PRIMA FACIE evidence of the same, PROVIDED, HOWEVER, that the failure of
the Bank to record any of the foregoing or any error in any such record
shall not limit or otherwise affect the obligation of the Borrower to repay
all Loans made to it pursuant to the Credit Agreement together with accrued
interest thereon.

      This Note is one of the Notes referred to in the Multicurrency Credit
Agreement dated as of March 1, 2006, among the Borrower, the Guarantors
party thereto, Harris N.A., as Administrative Agent, and the Banks party
thereto (as amended from time to time, the "Credit Agreement"), and this
Note and the holder hereof are entitled to all the benefits provided for
thereby or referred to therein, to which Credit Agreement reference is
hereby made for a statement thereof.  All defined terms used in this Note,
except terms otherwise defined herein, shall have the same meaning as in
the Credit Agreement.  This Note shall be governed by and construed in
accordance with the internal laws of the State of Illinois.

      Prepayments may be made hereon and this Note may be declared due
prior to the expressed maturity hereof, all in the events, on the terms and
in the manner as provided for in the Credit Agreement.

      The Borrower hereby waives demand, presentment, protest or notice of
any kind hereunder.

                              JONES LANG LASALLE FINANCE B.V.

                              By
                                    ------------------------------

                              Title
                                    ------------------------------

                                   A1-1
<PAGE>
                                EXHIBIT A-2

                              SWINGLINE NOTE

                                          ________________, _____

      For Value Received, the undersigned, Jones Lang LaSalle Finance B.V.,
a private company with limited liability organized under the laws of The
Netherlands (the "Borrower"), promises to pay to the order of
________________________ (the "Bank") on the earlier of (i) the last day of
its Interest Period and (ii) the Termination Date of the hereinafter
defined Credit Agreement, at the principal office of Harris N.A., as
Administrative Agent, in Chicago, Illinois, in the currency of such
Swingline Loan in accordance with Section 3.1 of the Credit Agreement, the
aggregate unpaid principal amount of all Swingline Loans made by the Bank
to the Borrower pursuant to the Credit Agreement, together with interest on
the principal amount of each Swingline Loan from time to time outstanding
hereunder at the rates, and payable in the manner and on the dates,
specified in the Credit Agreement.

      The Bank shall record on its books or records or on a schedule
attached to this Note, which is a part hereof, each Swingline Loan made by
it pursuant to the Credit Agreement, together with all payments of
principal and interest and the principal balances from time to time
outstanding hereon, whether the Loan is a Domestic Rate Loan or a Quoted
Rate Loan and the interest rate and Interest Period applicable thereto,
PROVIDED that prior to the transfer of this Note all such amounts shall be
recorded on a schedule attached to this Note.  The record thereof, whether
shown on such books or records or on a schedule to this Note, shall be
PRIMA FACIE evidence of the same, PROVIDED, HOWEVER, that the failure of
the Bank to record any of the foregoing or any error in any such record
shall not limit or otherwise affect the obligation of the Borrower to repay
all Swingline Loans made to it pursuant to the Credit Agreement together
with accrued interest thereon.

      This Swingline Note is one of the Notes referred to in the
Multicurrency Credit Agreement dated as of March 1, 2006, among the
Borrower, the Guarantors party thereto, Harris N.A., as Administrative
Agent, and the Banks party thereto (as amended from time to time, the
"Credit Agreement"), and this Swingline Note and the holder hereof are
entitled to all the benefits provided for thereby or referred to therein,
to which Credit Agreement reference is hereby made for a statement thereof.

All defined terms used in this Swingline Note, except terms otherwise
defined herein, shall have the same meaning as in the Credit Agreement.
This Swingline Note shall be governed by and construed in accordance with
the internal laws of the State of Illinois.

      Prepayments may be made hereon and this Swingline Note may be
declared due prior to the expressed maturity hereof, all in the events, on
the terms and in the manner as provided for in the Credit Agreement.

      The Borrower hereby waives demand, presentment, protest or notice of
any kind hereunder.

                              JONES LANG LASALLE FINANCE B.V.

                              By
                                    ------------------------------

                              Title
                                    ------------------------------

                                   A2-1
<PAGE>
                                 EXHIBIT B

                          COMPLIANCE CERTIFICATE

      This Compliance Certificate is furnished to Harris N.A., as
Administrative Agent, pursuant to the Multicurrency Credit Agreement (the
"Credit Agreement") dated as of March 1, 2006, by and among Jones Lang
LaSalle Finance B.V., the Banks signatory thereto and Harris N.A. as
Administrative Agent.  Unless otherwise defined herein, the terms used in
this Compliance Certificate have the meanings ascribed thereto in the
Credit Agreement.

      The undersigned hereby certifies that:

            1.    I am the duly elected or appointed ________________ of
      Jones Lang LaSalle Incorporated;

            2.    I have reviewed the terms of the Credit Agreement and I
      have made, or have caused to be made under my supervision, a detailed
      review of the transactions and conditions of Jones Lang LaSalle
      Incorporated and its Subsidiaries during the accounting period
      covered by the attached financial statements;

            3.    The examinations described in paragraph 2 did not
      disclose, and I have no knowledge of, the existence of any condition
      or event which constitutes a Default or an Event of Default during or
      at the end of the accounting period covered by the attached financial
      statements or as of the date of this Certificate, except as set forth
      below; and

            4.    The representations and warranties contained in Section 5
      of the Credit Agreement are true and correct in all material respects
      as though made on the date hereof (other than those made solely as of
      an earlier date, which need only remain true as of such date), taking
      into account any amendments to such Section (including without
      limitation any amendments to the Schedules referenced therein) made
      after the date of the Credit Agreement in accordance with its
      provisions.

            5.    Schedule 1 attached hereto sets forth financial data and
      computations evidencing compliance with certain covenants of the
      Credit Agreement, all of which data and computations are true,
      complete and correct.  All computations are made in accordance with
      the terms of the Credit Agreement.

      Described below are the exceptions, if any, to paragraph 3 by
listing, in detail, the nature of the condition or event, the period during
which it has existed and the action which the Parent has taken, is taking,
or proposes to take with respect to each such condition or event:

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

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

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

      The foregoing certifications, together with the computations set
forth in Schedule 1 hereto and the financial statements delivered with this
Certificate in support hereof, are made and delivered this __________ day
of _____________, _____.

                              __________________________________

                                    B-1
<PAGE>
                 SCHEDULE I TO THE COMPLIANCE CERTIFICATE

      Schedule of Compliance, as of the _________ day of _____________,
_____, with the Sections of the Agreement set forth below:

<TABLE>
<CAPTION>
<S>   <C>   <C>                           <C>                <C>
1.    SECTION 7.14(K) (INVESTMENTS)

      A.    Investments acquired since the Effective Date    $____________

                  NAME                    AMOUNT
                  ----                    ------

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

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

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

      B.    The portion of Investments listed in Section 1A $____________
            that have been disposed of

                  NAME                    AMOUNT
                  ----                    ------

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

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

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

      C.    Line 1A minus Line 1B                           $____________
            (must not exceed $250,000,000)

      D.    The Borrower is in compliance                   Yes/No

2.    SECTION 7.15 (CONSOLIDATED NET WORTH)

      A.    Total stockholder's equity of the Parent        $____________
            and its Restricted Subsidiaries

            (must be equal to or greater than $___________)

      B.    The Borrower is in compliance                   Yes/No

3.    SECTION 7.16 (TOTAL FUNDED DEBT TO ADJUSTED EBITDA)

      A.    Total Funded Debt of the Parent and its         $____________
            Restricted Subsidiaries

      B.    Net Income  $____________

      C.    Amounts deducted in arriving at
            Net Income in respect of

            (i)   Interest Expense                          $____________

            (ii)  federal, state and local                  $____________
                  income taxes

                                     1
<PAGE>
            (iii) depreciation of fixed assets              $____________
                  and amortization of intangible
                  assets

            (iv)  non-cash contributions and                $____________
                  accruals to deferred profit
                  sharing or compensation plans

            (v)   Permitted Adjustments                     $____________

      D.    Sum of Lines 3B, 3C(i), 3C(ii), 3C(iii), 3C(iv) $____________
            and 3C(v) ("Adjusted EBITDA")

      E.    Ratio of Line 3A to Line 3D (not to exceed      ______ to 1.00
            3.25 to 1.00)

      F.    The Borrower is in compliance                   Yes/No

4.    SECTION 7.17 (INTEREST COVERAGE RATIO)

      A.    Adjusted EBIT (Line 3D above)                   $____________

      B.    Interest Expense                                $____________

      C.    Ratio of Line 4A to Line 4B                     ______ to 1.00
            (must be greater than or
            equal to 2.50 to 1.00)

      D.    The Borrower is in compliance                   Yes/No
</TABLE>

                                     2
<PAGE>
                                 EXHIBIT C

                      SUBSIDIARY GUARANTEE AGREEMENT

                                                _______________, ____

Harris N.A., as Administrative
Agent for the Banks party to
the Multicurrency Credit Agreement
dated as of March 1, 2006 among
Jones Lang LaSalle Finance B.V.,
certain Guarantors, such Banks
and such Administrative Agent
(the "Credit Agreement")

Dear Sirs:

      Reference is made to the Credit Agreement described above.  Terms not
defined herein which are defined in the Credit Agreement shall have for the
purposes hereof the meaning provided therein.

      The undersigned, [name of Subsidiary Guarantor], a [jurisdiction of
incorporation] corporation, hereby elects to be a "Guarantor" for all
purposes of the Credit Agreement, effective from the date hereof.  The
undersigned confirms that the representations and warranties set forth in
Section 5 of the Credit Agreement are true and correct as to the
undersigned as of the date hereof.

      Without limiting the generality of the foregoing, the undersigned
hereby agrees to perform all the obligations of a Guarantor under, and to
be bound in all respects by the terms of, the Credit Agreement, including
without limitations Section 11 thereof, to the same extent and with the
same force and effect as if the undersigned were a direct signatory
thereto.

      This Agreement shall be construed in accordance with and governed by
the internal laws of the State of Illinois.

                                    Very truly yours,

                                    [Name of Subsidiary Guarantor]

                                    By
                                          ------------------------------

                                    Name
                                          ------------------------------

                                    Title
                                          ------------------------------

                                    C-1
<PAGE>
                                 EXHIBIT D

                    COMMITMENT AMOUNT INCREASE REQUEST

To:   Harris N.A., as Administrative Agent for the Banks parties to the
      Credit Agreement dated as of March 1, 2006 (as extended, renewed,
      amended or restated from time to time, the "Credit Agreement"), among
      Jones Lang LaSalle Finance B.V., the Guarantors party thereto,
      certain Banks which are signatories thereto, and Harris N.A.,
      as Administrative Agent

Ladies and Gentlemen:

      The undersigned, Jones Lang LaSalle Finance B.V. (the "Borrower")
hereby refers to the Credit Agreement and requests that the Administrative
Agent consent to an increase in the aggregate Commitments (the "Commitment
Amount Increase"), in accordance with Section 1.15 of the Credit Agreement,
to be effected by [an increase in the Commitment of [name of existing Bank]
[the addition of [name of new Bank] (the "New Bank") as a Bank under the
terms of the Credit Agreement].  Capitalized terms used herein without
definition shall have the same meanings herein as such terms have in the
Credit Agreement.

      After giving effect to such Commitment Amount Increase, the
Commitment of the [Bank] [New Bank] shall be $_____________.

                  [Include paragraphs 1-3 for a New Bank]

      1.    The New Bank hereby confirms that it has received a copy of the
Credit Documents and the exhibits related thereto, together with copies of
the documents which were required to be delivered under the Credit
Agreement as a condition to the making of the Loans and other extensions of
credit thereunder.  The New Bank acknowledges and agrees that it has made
and will continue to make, independently and without reliance upon the
Administrative Agent or any other Bank and based on such documents and
information as it has deemed appropriate, its own credit analysis and
decisions relating to the Credit Agreement.  The New Bank further
acknowledges and agrees that the Administrative Agent has not made any
representations or warranties about the credit worthiness of the Borrower
or any other party to the Credit Agreement or any other Credit Document or
with respect to the legality, validity, sufficiency or enforceability of
the Credit Agreement or any other Credit Document or the value of any
security therefor.

      2.    Except as otherwise provided in the Credit Agreement, effective
as of the date of acceptance hereof by the Administrative Agent, the New
Bank (i) shall be deemed automatically to have become a party to the Credit
Agreement and have all the rights and obligations of a "Bank" under the
Credit Agreement as if it were an original signatory thereto and
(ii) agrees to be bound by the terms and conditions set forth in the Credit
Agreement as if it were an original signatory thereto.

      3.    The New Bank hereby confirms that its administrative details
are set forth in its Administrative Questionnaire.

      THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER,
AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF ILLINOIS.

                                    D-1
<PAGE>
      The Commitment Amount Increase shall be effective when the executed
consent of the Administrative Agent is received or otherwise in accordance
with Section 1.15 of the Credit Agreement, but not in any case prior to
___________________, ____.  It shall be a condition to the effectiveness of
the Commitment Amount Increase that all expenses referred to in
Section 1.15 of the Credit Agreement shall have been paid.

      The Borrower hereby certifies that no Default or Event of Default has
occurred and is continuing.

      Please indicate the Administrative Agent's consent to such Commitment
Amount Increase by signing the enclosed copy of this letter in the space
provided below.

                                    Very truly yours,

                                    JONES LANG LASALLE FINANCE B.V.

                                    By
                                          ------------------------------

                                    Name
                                          ------------------------------

                                    Title
                                          ------------------------------

                                    [New or existing Bank Increasing
                                    Commitments]

                                    By
                                          ------------------------------

                                    Name
                                          ------------------------------

                                    Title
                                          ------------------------------

                                    D-2
<PAGE>
                                 Exhibit E

                         Assignment and Acceptance

                                    Dated _____________, _____

      Reference is made to the Credit Agreement dated as of March 1, 2006
(the "Credit Agreement") among Jones Lang LaSalle Finance B.V., the
Guarantors from time to time party thereto, the Banks from time to time
party thereto, and Harris N.A., as Administrative Agent for the Banks (the
"Administrative Agent").  Terms defined in the Credit Agreement are used
herein with the same meaning.

      ______________________________________________________ (the
"Assignor") and _________________________ (the "Assignee") agree as
follows:

            1.    The Assignor hereby sells and assigns to the Assignee,
      and the Assignee hereby purchases and assumes from the Assignor, the
      amount and specified percentage interest shown on Schedule 1 hereto
      of the Assignor's rights and obligations under the Credit Agreement
      as of the Effective Date (as defined below), including, without
      limitation, such percentage interest in the Assignor's Commitment as
      in effect on the Effective Date and the Loans, if any, owing to the
      Assignor on the Effective Date and the Assignor's Percentage of any
      outstanding L/C Obligations and Swingline Loans.

            2.    The Assignor (i) represents and warrants that it is the
      legal and beneficial owner of the interest being assigned by it
      hereunder and that such interest is free and clear of any adverse
      claim, lien, or encumbrance of any kind; (ii) makes no representation
      or warranty and assumes no responsibility with respect to any
      statements, warranties or representations made in or in connection
      with the Credit Agreement or the execution, legality, validity,
      enforceability, genuineness, sufficiency or value of the Credit
      Agreement or any other instrument or document furnished pursuant
      thereto; and (iii) makes no representation or warranty and assumes no
      responsibility with respect to the financial condition of the
      Borrower, Parent or any Subsidiary or the performance or observance
      by the Borrower, Parent or any Subsidiary of any of their respective
      obligations under the Credit Agreement or any other instrument or
      document furnished pursuant thereto.

            3.    The Assignee (i) confirms that it has received a copy of
      the Credit Agreement, together with copies of the most recent
      financial statements delivered to the Banks pursuant to Section 7.6
      (a) and (b) thereof and such other documents and information as it
      has deemed appropriate to make its own credit analysis and decision
      to enter into this Assignment and Acceptance; (ii) agrees that it
      will, independently and without reliance upon the Administrative
      Agent, the Assignor or any other Bank and based on such documents and
      information as it shall deem appropriate at the time, continue to
      make its own credit decisions in taking or not taking action under
      the Credit Agreement; (iii) appoints and authorizes the
      Administrative Agent to take such action as Administrative Agent on
      its behalf and to exercise such powers under the Credit Agreement and
      the other Credit Documents as are delegated to the Administrative
      Agent by the terms thereof, together with such powers as are
      reasonably incidental thereto; (iv) agrees that it will perform in
      accordance with their terms all of the obligations which by the terms
      of the Credit Agreement are required to be performed by it as a Bank;
      and (v) specifies as its lending office (and address for notices) the
      offices set forth beneath its name on the signature pages hereof.

                                    E-1
<PAGE>
            4.    As consideration for the assignment and sale contemplated
      in Annex 1 hereof, the Assignee shall pay to the Assignor on the
      Effective Date in Federal funds the amount agreed upon between them.
      It is understood that commitment and/or letter of credit fees accrued
      to the Effective Date with respect to the interest assigned hereby
      are for the account of the Assignor and such fees accruing from and
      including the date hereof are for the account of the Assignee.  Each
      of the Assignor and the Assignee hereby agrees that if it receives
      any amount under the Credit Agreement which is for the account of the
      other party hereto, it shall receive the same for the account of such
      other party to the extent of such other party's interest therein and
      shall promptly pay the same to such other party.

            5.    The effective date for this Assignment and Acceptance
      shall be ___________ (the "Effective Date").  Following the execution
      of this Assignment and Acceptance, it will be delivered to the
      Administrative Agent for acceptance and recording by the
      Administrative Agent and, if required, the Borrower.

            6.    Upon such acceptance and recording, as of the Effective
      Date, (i) the Assignee shall be a party to the Credit Agreement and,
      to the extent provided in this Assignment and Acceptance, have the
      rights and obligations of a Bank thereunder and (ii) the Assignor
      shall, to the extent provided in this Assignment and Acceptance,
      relinquish its rights and be released from its obligations under the
      Credit Agreement.

            7.    Upon such acceptance and recording, from and after the
      Effective Date, the Administrative Agent shall make all payments
      under the Credit Agreement in respect of the interest assigned hereby
      (including, without limitation, all payments of principal, interest
      and commitment fees with respect thereto) to the Assignee.  The
      Assignor and Assignee shall make all appropriate adjustments in
      payments under the Credit Agreement for periods prior to the
      Effective Date directly between themselves.

            8.    This Assignment and Acceptance shall be governed by, and
      construed in accordance with, the laws of the State of Illinois.

                                    E-2
<PAGE>
                                    [Assignor Bank]

                                    By
                                          ------------------------------

                                    Name
                                          ------------------------------

                                    Title
                                          ------------------------------

                                    [Assignee Bank]

                                    By
                                          ------------------------------

                                    Name
                                          ------------------------------

                                    Title
                                          ------------------------------

Lending office (and address for notices):

Accepted and consented this
____ day of _____________

JONES LANG LASALLE FINANCE B.V.

By
      ------------------------------

Name
      ------------------------------

Title
      ------------------------------

Accepted and consented to by the Administrative
Agent and L/C Issuer this ___ day of ________

HARRIS N.A., as
Administrative Agent and L/C Issuer

By
      ------------------------------

Name
      ------------------------------

Title
      ------------------------------

                                    E-3
<PAGE>
<TABLE>
<CAPTION>
                                  ANNEX I

                       TO ASSIGNMENT AND ACCEPTANCE

<S>                <C>              <C>            <C>          <C>
PRINCIPAL                           CURRENCY OF    INTEREST     MATURITY
AMOUNT             TYPE OF LOAN         LOAN         RATE         RATE
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                SCHEDULE 1

Commitments

<S>                                                          <C>
NAME OF BANK                                                  COMMITMENT

Harris N.A.                                                  $55,000,000

Bank of America, N.A                                         $50,000,000

LaSalle Bank National Association                            $50,000,000

Royal Bank of Scotland PLC                                   $50,000,000

U.S. Bank National Association                               $45,000,000

Barclays Bank PLC                                            $35,000,000

Fifth Third Bank (Chicago), a Michigan
    banking corporation                                      $35,000,000

National City Bank of the Midwest                            $35,000,000

PNC Bank, National Association                               $25,000,000

Wells Fargo Bank, N.A.                                       $25,000,000

HSBC Bank PLC                                                $15,000,000

The Bank of New York                                         $15,000,000

The Northern Trust Company                                   $15,000,000
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                               SCHEDULE 1.3

                        EXISTING LETTERS OF CREDIT

<S>           <C>                           <C>        <C>       <C>
NUMBER        BENEFICIARY                      AMOUNT  CURRENCY  MATURITY

HACH19955os   Hong Kong and
              Shanghai Banking              1,000,000       USD  07/06/06

HACH19961oS   The Hong Kond and
              Shanghai Banking                250,000       USD  08/06/06

HACH19945OS   Hong Kong and
              Shanghai Banking                250,000       USD  06/01/06

HACH19947oS   LaSalle Investment
              Management                    3,000,000       EUR  09/08/06

HACH20375oS   The Travelers
              Indemnity Company            2,050,000.       USD  12/31/06

HACH63612oS   Federal Insurance Company     4,140,000       USD  01/01/07

HACH77471oS   LaSalle Beheer B.V.           1,500,000       EUR  06/24/06

HACH77155oS   Orchid Insurance Limited      2,716,500       USD  06/23/06

HACH82817oS   Wells Reit-Chicago
              Center-Chicago                  800,000       USD  03/31/06

HACH91142oS   Orchid Insurance Limited        235,000       GBP  12/15/06

HACH81129oS   Orchid Insurance Limited      1,630,000       USD  12/15/06

HACH94209oS   Orchid Insurance Limited        950,000       GBP  01/25/07
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                               SCHEDULE 5.2

                                GUARANTORS

<S>                               <C>                     <C>
                                  JURISDICTION OF         PERCENTAGE
NAME                                INCORPORATION          OWNERSHIP

Jones Lang LaSalle Incorporated       Maryland                N/A

Jones Lang LaSalle Americas, Inc.     Maryland               100%

LaSalle Investment Management, Inc.   Maryland               100%

Jones Lang LaSalle International,
  Inc.                                Delaware               100%

Jones Lang LaSalle Co-Investment,
  Inc.                                Maryland               100%

Jones Lang LaSalle Limited             England               100%

Jones Lang LaSalle GmbH                Germany               100%
</TABLE>

<PAGE>
                               SCHEDULE 7.14

                           EXISTING INVESTMENTSEXHIBIT 10.2

                     MEMBERSHIP INTEREST PURCHASE AGREEMENT

                                 BY AND BETWEEN

                        JONES LANG LASALLE INCORPORATED,

                       SPAULDING & SLYE ACQUISITION CORP.

                                      AND

                        SPAULDING AND SLYE PARTNERS LLC

                                  RELATING TO

                             SPAULDING AND SLYE LLC

                          DATED AS OF NOVEMBER 26, 2005

<PAGE>
<TABLE>
<CAPTION>
                                        TABLE OF CONTENTS
                                        -----------------

ARTICLE                                                                                      PAGE
-------                                                                                      ----
<S>                                                                                          <C>

ARTICLE I  DEFINITIONS AND CONSTRUCTION . . . . . . . . . . . . . . . . . . . . . . . . . .     1
     1.1     Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     1
     1.2     Knowledge. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    10
     1.3     Construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    10

ARTICLE II  SALE AND PURCHASE OF MEMBERSHIP INTERESTS; CLOSING. . . . . . . . . . . . . . .    10
     2.1     Sale and Purchase of the Membership Interests. . . . . . . . . . . . . . . . .    10
     2.2     Total Consideration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    10
     2.3     [Intentionally omitted]. . . . . . . . . . . . . . . . . . . . . . . . . . . .    14
     2.4     Payment Plan; Right of Inspection. . . . . . . . . . . . . . . . . . . . . . .    14
     2.5     Closing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    14
     2.6     Allocation of Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . .    15

ARTICLE III  CLOSING DATE BALANCE SHEET; OWNERSHIP OF
      CERTAIN ASSETS AND LIABILITIES. . . . . . . . . . . . . . . . . . . . . . . . . . . .    16
     3.1     Closing Date Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . .    16
     3.2     Dispute Resolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    17
     3.3     Reconciliation of Closing Date Liabilities . . . . . . . . . . . . . . . . . .    18

ARTICLE IV  SELLER'S REPRESENTATIONS AND WARRANTIES REGARDING
       SELLER AND ITS AFFILIATES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    18
     4.1     Due Organization and Standing; Records . . . . . . . . . . . . . . . . . . . .    19
     4.2     Authority; Execution and Delivery; Enforceability. . . . . . . . . . . . . . .    19
     4.3     No Conflicts; Consents . . . . . . . . . . . . . . . . . . . . . . . . . . . .    19
     4.4     Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    20
     4.5     Ownership of Membership Interests. . . . . . . . . . . . . . . . . . . . . . .    20
     4.6     Project Finance Documents. . . . . . . . . . . . . . . . . . . . . . . . . . .    20

ARTICLE V  SELLER'S REPRESENTATIONS AND WARRANTIES
      REGARDING THE COMPANY AND ITS SUBSIDIARIES. . . . . . . . . . . . . . . . . . . . . .    20
     5.1     Due Organization, Standing and Power . . . . . . . . . . . . . . . . . . . . .    21
     5.2     Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    21
     5.3     Capitalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    22
     5.4     Financial Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . .    22
     5.5     Absence of Undisclosed Liabilities . . . . . . . . . . . . . . . . . . . . . .    23
     5.6     Ordinary Course; No Material Adverse Change. . . . . . . . . . . . . . . . . .    23
     5.7     Accounts Receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    23
     5.8     Material Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    23
     5.9     Books and Records. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    25
     5.10    Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    26
     5.11    Permits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    26
     5.12    Real Property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    26
     5.13    Environmental Matters. . . . . . . . . . . . . . . . . . . . . . . . . . . . .    26

                                        i
<PAGE>
     5.14    Compliance with Governmental Requirements. . . . . . . . . . . . . . . . . . .    27
     5.15    Employment Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    28
     5.16    Employee Benefits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    29
     5.17    Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    30
     5.18    Accounts Payable and Other Accrued Expenses. . . . . . . . . . . . . . . . . .    31
     5.19    Prohibited Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    32
     5.20    Absence of Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    32
     5.21    Major Clients. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    33
     5.22    Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    34
     5.23    Bank Accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    34
     5.24    Affiliate and Associate Transactions . . . . . . . . . . . . . . . . . . . . .    34
     5.25    No Claims. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    35
     5.26    No Finder. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    35
     5.27    Title to and Sufficiency of Assets . . . . . . . . . . . . . . . . . . . . . .    35
     5.28    Tangible Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    35
     5.29    Computer System. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    35
     5.30    Construction and Development Contracts . . . . . . . . . . . . . . . . . . . .    36
     5.31    Government Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    37
     5.32    [RESERVED] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    37
     5.33    [RESERVED] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    37
     5.34    Warranty Eligibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    37
     5.35    Information Accurate and Complete; Reliance. . . . . . . . . . . . . . . . . .    38

ARTICLE VI  REPRESENTATIONS AND WARRANTIES OF JLL AND
      PURCHASER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    38
     6.1     Due Organization and Standing. . . . . . . . . . . . . . . . . . . . . . . . .    38
     6.2     Authority; Execution and Delivery; Enforceability. . . . . . . . . . . . . . .    38
     6.3     No Conflicts; Consents . . . . . . . . . . . . . . . . . . . . . . . . . . . .    38
     6.4     No Finder. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    39
     6.5     Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    39

ARTICLE VII  COVENANTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    39
     7.1     Access to Information; Confidentiality . . . . . . . . . . . . . . . . . . . .    39
     7.2     Pre Closing Restrictions on Conduct of Business. . . . . . . . . . . . . . . .    41
     7.3     Compliance with Law. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    44
     7.4     Certain Employee Matters . . . . . . . . . . . . . . . . . . . . . . . . . . .    44
     7.5     Notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    44
     7.6     Consents, Filings and Authorizations; Efforts to Consummate. . . . . . . . . .    44
     7.7     Public Announcements . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    44
     7.8     Non-Competition. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    45
     7.9     Resignation and General Release. . . . . . . . . . . . . . . . . . . . . . . .    46
     7.10    No Inconsistent Action . . . . . . . . . . . . . . . . . . . . . . . . . . . .    46
     7.11    Maintenance of Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . .    46
     7.12    Limited Liability Company Operating Agreement of the Company after the Closing    46
     7.13    [Intentionally Omitted]. . . . . . . . . . . . . . . . . . . . . . . . . . . .    46
     7.14    Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    46

                                       ii
<PAGE>
     7.15    Project Finance Consents . . . . . . . . . . . . . . . . . . . . . . . . . . .    46
     7.16    Certain Excluded Liabilities . . . . . . . . . . . . . . . . . . . . . . . . .    47
     7.17    Broker of Record . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    47
     7.18    Current Service Contracts. . . . . . . . . . . . . . . . . . . . . . . . . . .    47
     7.19    S&S Construction Assignment of Shares. . . . . . . . . . . . . . . . . . . . .    48
     7.20    No Solicitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    48
     7.21    Use of Name. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    48

ARTICLE VIII  CONDITIONS TO CLOSING . . . . . . . . . . . . . . . . . . . . . . . . . . . .    49
     8.1     Conditions to Purchaser's Obligations. . . . . . . . . . . . . . . . . . . . .    49
     8.2     Conditions to Seller's Obligations . . . . . . . . . . . . . . . . . . . . . .    52

ARTICLE IX  INDEMNIFICATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    53
     9.1     Indemnification by Seller. . . . . . . . . . . . . . . . . . . . . . . . . . .    53
     9.2     Indemnification by JLL and Purchaser . . . . . . . . . . . . . . . . . . . . .    54
     9.3     Calculation of Losses; Limitation; Exclusive Remedy. . . . . . . . . . . . . .    54
     9.4     Indemnification Procedures . . . . . . . . . . . . . . . . . . . . . . . . . .    55
     9.5     Termination of Indemnification Obligations . . . . . . . . . . . . . . . . . .    56
     9.6     Payment of Losses; Indemnification Limitation. . . . . . . . . . . . . . . . .    57
     9.7     Right of Offset; Escrow. . . . . . . . . . . . . . . . . . . . . . . . . . . .    57
     9.8     Consequential Damages, etc . . . . . . . . . . . . . . . . . . . . . . . . . .    58

ARTICLE X  TAX MATTERS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    58
     10.1    Tax Period Ending on or Before the Closing Date. . . . . . . . . . . . . . . .    58
     10.2    Tax Periods Beginning Before and Ending After the Closing Date . . . . . . . .    58
     10.3    Preparation of Tax Returns at Direction of Seller. . . . . . . . . . . . . . .    59
     10.4    Cooperation on Tax Matters . . . . . . . . . . . . . . . . . . . . . . . . . .    59
     10.5    Certain Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    60

ARTICLE XI  TERMINATION; EFFECT OF TERMINATION. . . . . . . . . . . . . . . . . . . . . . .    60
     11.1    Termination. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    60
     11.2    Effect of Termination. . . . . . . . . . . . . . . . . . . . . . . . . . . . .    61

ARTICLE XII  MISCELLANEOUS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    61
     12.1    Waivers and Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . .    61
     12.2    Governing Law; Jurisdiction and Venue. . . . . . . . . . . . . . . . . . . . .    61
     12.3    Assignment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    61
     12.4    No Third-Party Beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . .    62
     12.5    Successors and Assigns . . . . . . . . . . . . . . . . . . . . . . . . . . . .    62
     12.6    Entire Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    62
     12.7    Notices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    62
     12.8    Severability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    63
     12.9    Titles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    63
     12.10   Delays or Omissions; Cumulative Nature of Remedies . . . . . . . . . . . . . .    63
     12.11   Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    63
     12.12   Waiver of Trial by Jury. . . . . . . . . . . . . . . . . . . . . . . . . . . .    63
     12.13   Further Assurances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    63
</TABLE>

                                      iii
<PAGE>
                                    SCHEDULES
                                    ---------

     Disclosure Schedule with respect to the matters to be disclosed pursuant to
Sections 4.3, 4.6 and 5.1 through 5.35 of this Agreement.

Schedule  1.2          Knowledge
Schedule  3.1          Certain  Liabilities
Schedule  6.3          Purchaser  Consents
Schedule  7.2          Permitted  Changes
Schedule  7.8          Permitted  Activities
Schedule  7.16         Excluded  Liabilities
Schedule  8.1(b)       Consent  and  Waivers
Schedule  8.1(h)       Employment  Agreements

                                       iv
<PAGE>
                                    EXHIBITS
                                    --------

Exhibit A             Description  of  Business
Exhibit B             LLC  Agreement
Exhibit C             General  Release
Exhibit D             Trademark  License  Agreement
Exhibit E             Employment  Agreement

                                        v
<PAGE>
                     MEMBERSHIP INTEREST PURCHASE AGREEMENT
                     --------------------------------------

     THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (this "AGREEMENT"), dated as of
November  26,  2005,  is  made by and between JONES LANG LASALLE INCORPORATED, a
Maryland  corporation  ("JLL"),  SPAULDING  AND  SLYE  PARTNERS  LLC, a Delaware
limited  liability  company,  with  its  principal  offices located at 255 State
Street, Boston, Massachusetts 02109 ("SELLER"), and SPAULDING & SLYE ACQUISITION
CORP.,  a  Delaware  corporation, with its principal offices located at 200 East
Randolph  Drive,  Chicago,  Illinois  60601  ("PURCHASER").  JLL,  Seller  and
Purchaser  are  sometimes referred to individually as a "Party" and collectively
as  the  "Parties."

                                R E C I T A L S:
                                - - - - - - - --

     A.     Seller owns one hundred percent (100%) of the outstanding membership
interests  (the  "MEMBERSHIP  INTERESTS")  in Spaulding and Slye LLC, a Delaware
limited  liability  company  (the  "COMPANY");  and

     B.     Seller  desires  to  sell  the Membership Interests to Purchaser and
Purchaser  desires  to  purchase  the  Membership Interests from Seller, for the
consideration and upon the terms and subject to the conditions set forth in this
Agreement;  and

     C.     JLL owns, directly or indirectly, 100% of the issued and outstanding
shares  of  the  capital  stock  of  Purchaser.

                                A G R E E M E N T
                                - - - - - - - - -

     In  consideration  of the foregoing and the mutual covenants and agreements
contained  in  this  Agreement,  and  intending  to be legally bound hereby, the
Parties  hereby  agree  as  follows:

                                    ARTICLE I
                                    ---------

                          DEFINITIONS AND CONSTRUCTION
                          ----------------------------

     1.1     DEFINITIONS.  In  addition  to  the terms defined elsewhere in this
             -----------
Agreement,  the  following  words and phrases shall have the following meanings:

     "1060 FORMS" has the meaning specified in Section 2.6(d).
                                               --------------

     "ACCOUNT" means the account of Seller referred to in Section 2.2(a) hereof.
                                                          --------------

     "AFFILIATE"  means,  with  respect  to any Person, any individual or entity
that,  directly  or indirectly, through one or more intermediaries, controls, is
controlled  by  or  is  under  common control with such Person.  As used in this
definition,  "control"  means  the direct or indirect ownership of fifty percent
(50%)  or more of the outstanding capital stock or other equity interests having
ordinary  voting  power.

<PAGE>
     "AGREEMENT"  has  the  meaning specified in the Preamble to this Agreement.

     "ALTERNATE  ACCOUNTING  FIRM"  has  the  meaning  specified  in Section 3.2
                                                                     -----------
hereof.

     "APPLICABLE  LAW"  shall  mean  all  laws  of  any  Governmental Authority,
including  without  limitation  federal  and  state  securities  laws, Tax laws,
ordinances, judgments, decrees, injunctions, writs and orders or like actions of
any  Governmental  Authority and rules and regulations of any federal, regional,
state,  county,  municipal or other Governmental Authority, which are applicable
to  the  Company,  any  Subsidiary  or  any  specified  Person.

     "BALANCE SHEET" has the meaning set forth in Section 5.4 hereof.
                                                  -----------

     "BALANCE  SHEET  DATE"  has  the  meaning  set forth in Section 5.4 hereof.
                                                             -----------

     "BALANCE  SHEET  ITEMS"  has  the  meaning specified in Section 3.1 hereof.
                                                             -----------

     "BASKET" has the meaning set forth in Section 9.6 hereof.
                                           -----------

     "BENEFIT  PLAN"  means any employee benefit plan, program, policy, contract
(whether  or  not  written)  or arrangement, including any pension or retirement
plan,  deferred  compensation  plan, vacation pay plan, stock option plan, bonus
plan, change in control agreement or plan, stock purchase plan, hospitalization,
disability  or  other insurance plan, or severance, retention or termination pay
plan  or  policy,  maintained,  sponsored, or contributed to by the Company with
respect  to which the Company has any liability whether contingent or otherwise.

     "BUSINESS"  means  the  business  of the Company and its Subsidiaries as is
more  particularly  described  on  Exhibit  A  attached  hereto.
                                   ----------

     "BUSINESS  DAY"  means any day other than Saturday, Sunday and any day that
in  the  State  of  Illinois  is  a  legal  holiday  or  a  day on which banking
institutions  are  permitted  to  be  closed.

     "CERCLA"  means the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980 as amended by the Superfund Amendments and Reauthorization
Act of 1986, or as otherwise amended or reformed from time to time.

     "CERCLIS" means the Comprehensive Environmental Response, Compensation, and
Liability  Information  System.

     "CLOSING"  means  the  closing  of  the sale and purchase of the Membership
Interests.

     "CLOSING  DATE"  means  the  later  of (i) January 3, 2006, or (ii) or such
other  date  as the Parties may mutually agree upon, provided, however, that the
Closing  shall  be deemed effective for all purposes hereunder at the opening of
business  on  January  1,  2006.

     "CLOSING  DATE  BALANCE  SHEET"  has  the  meaning specified in Section 3.1
                                                                     -----------
hereof.

     "CLOSING DATE LIABILITIES" has the meaning specified in Section 3.1 hereof.
                                                             -----------

                                        2
<PAGE>
     "CLOSING  DATE  PURCHASE  PRICE"  means  One  Hundred Fifty Million Dollars
($150,000,000).

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

     "COMPANY" has the meaning specified in the Recitals hereto.

     "COMPANY  DEBT"  means,  whether  or  not reflected on the Balance Sheet or
Latest  Balance Sheet, all indebtedness of the Company or any Subsidiary owed to
financial  institutions  or  other  Persons,  all  preferred  equity  and  all
liabilities  under  capitalized  leases  of  the Company or any Subsidiary under
GAAP,  including,  without  limitation,  the aggregate amount of all outstanding
principal,  all  accrued  interest  and  dividends,  all  paid  but  unamortized
origination  expense  and  any  unpaid fees and expenses, premiums, penalties or
other  amounts  (including  losses,  costs,  penalties  and expenses, if any, of
lenders  and  other parties to Contracts relating to the foregoing items arising
from  the  payment  or  prepayment of such items) payable in connection with the
payment  or repayment at or after the Closing of any of the foregoing; provided,
however,  that  in  no  event  shall a lease of real property constitute Company
Debt.

     "COMPANY LEASES" has the meaning specified in Section 5.12(b) hereof.
                                                   ---------------

     "COMPANY  MATERIAL  ADVERSE EFFECT" shall mean any material adverse change,
event,  circumstance  or  development,  other  than  a Company Permitted Adverse
Effect,  with  respect  to,  or  material  adverse  effect on, (i) the business,
assets,  liabilities, capitalization, condition (financial or other), or results
of  operations  of  the Company and the Subsidiaries, taken as a whole, (ii) the
ability  of  Purchaser  to  operate  the business of the Company and each of the
Subsidiaries,  taken as a whole, immediately after the Closing, substantially in
the  manner  as  such business was operated by the Company and the Subsidiaries,
taken  as a whole, immediately prior to the Closing or (iii) Seller's ability to
consummate the transactions contemplated by this Agreement. For the avoidance of
doubt,  the parties agree that, other than in connection with the definitions of
Company  Material  Adverse  Effect  set  forth  above,  the  terms  "material,"
"materially"  or  "materiality"  as used in this Agreement with an initial lower
case  "m"  shall  have their respective customary and ordinary meanings, without
regard  to  the  meaning  ascribed  to  Company  Material  Adverse  Effect.

     "COMPANY  PERMITTED ADVERSE EFFECT" shall mean any material adverse change,
event,  circumstance  or  development  arising  out  of  (a)  changes in general
economic  or political conditions or the financing or capital markets in general
or  changes  in  currency exchange rates, (b) changes in laws or interpretations
thereof  by  any Governmental Authority or changes in accounting requirements or
principles,  (c)  changes affecting generally the industries or markets in which
the  Company  and  the  Subsidiaries  conduct  business  which  do  not  have  a
disproportionate  impact  on the Company and the Subsidiaries, taken as a whole,
(d)  the  consummation  of the transactions contemplated hereby, (e) any natural
disaster,  sabotage,  military  action  or  war (whether or not declared) or any
escalation  or  worsening thereof, (f) any action required to be taken under any
law  or  order  or  any  existing  agreement  by which the Company or any of the
Subsidiaries  (or  any of their respective properties) is bound, provided that a
true,  correct  and  complete  copy  of  each  such  existing agreement has been
delivered  to Purchaser prior to the date hereof, or (g) the public announcement
of  this  Agreement, the pendency of the transactions contemplated hereby or the
performance  by  Seller  or  the  Company  of  their  obligations  hereunder.

                                        3
<PAGE>
     "COMPANY'S  RECORD  BOOKS" has the meaning specified in Section 5.9 hereof.
                                                             -----------

     "COMPANY  SPONSORED BENEFIT PLAN" has the meaning specified in Section 5.16
                                                                    ------------
hereof.

     "COMPUTER  SYSTEM"  means, collectively, all computer hardware and software
and  related  materials  used  by  the  Company.

     "CONFIDENTIAL  INFORMATION"  has  the  meaning  specified in Section 7.1(c)
                                                                  --------------
hereof.

     "CONFIDENTIAL  INFORMATION  MEMORANDUM"  means the Confidential Information
Memorandum  respecting  the  Company  and its Subsidiaries prepared by Covington
Associates.

     "CONFIDENTIALITY  AGREEMENT"  has  the  meaning specified in Section 7.1(b)
                                                                  --------------
hereof.

     "CONSTRUCTION  CONTRACT"  has the meaning specified in Section 5.30 hereof.
                                                            ------------

     "CONTRACT"  means  any  contract,  lease,  binding commitment, sales order,
purchase  order, agreement, indenture, mortgage, note, bond, warrant, instrument
or  license,  whether  written  or  oral.

     "CT&T" has the meaning specified in Section 9.7(c) hereof.
                                         --------------

     "DOLLARS" means the currency of the United States of America.

     "ENVIRONMENTAL CLAIM" means any claim, liability, investigation, litigation
or  administrative proceeding, whether pending or threatened pursuant to written
or  oral  notification,  or  any  judgment  or  order  relating to any Hazardous
Materials  asserted  or  threatened  pursuant  to  written  or oral notification
against  the  Company or any Subsidiary or any event giving rise to liability of
the  Company  or  any Subsidiary under any Environmental Law with respect to any
property  now  or  previously  owned  or  leased  by  the  Company or any of its
Subsidiaries  or  in  any  other  manner  relating  to,  or  arising  from or in
connection  with  the  conduct  of  the  Business  of  the Company or any of its
Subsidiaries.

     "ENVIRONMENTAL LAWS" means all applicable federal, state, local and foreign
statutes,  rules  regulations,  ordinances (including, without limitation, those
specified  in  the definition of Hazardous Materials) codes, decrees, judgments,
directives,  orders  and  other provisions that have the force or effect of law,
all  judicial  and  administrative  orders and determinations (including consent
orders  and  agreements  with  Governmental  Authorities),  and  all  common law
concerning public health and safety, pollution or protection of the environment,
natural  resources  or  worker health and safety, including, without limitation,
those  related  to  the  manufacture,  presence,  use,  production,  generation,
handling,  transportation, treatment, storage, disposal, distribution, labeling,
testing,  processing, discharge, Release, threatened Release, control or cleanup
of  Hazardous  Materials.

                                        4
<PAGE>
     "ERISA"  means  the  Employee  Retirement  Income  Security Act of 1974, as
amended.

     "ERISA  AFFILIATE" means with respect to any Person, any corporation, trade
or  business which, together with such Person, is a member of a controlled group
of  corporations  or  a  group  of trades or business under common control or is
otherwise  treated as a single employer under section 414(b), (c), (m) or (o) of
the  Code.

     "ESCROW"  has  the  meaning  specified  in  Section  2.5  hereof.
                                                 ------------

     "ESCROWEE"  has  the  meaning  specified  in  Section  2.5  hereof.
                                                   ------------

     "EXCLUDED  LIABILITIES"  has  the meaning specified in Section 7.16 hereof.
                                                            ------------

     "FABS"  means  "Financial  Business  Solutions".  FABS schedule contractors
provide services such as financial management, budget formulation, execution and
monitoring,  accounting,  financial  audits,  etc.

     "GAAP"  means  United  States  generally  accepted  accounting  principles.

     "GOVERNMENT  CONTRACT"  has  the  meaning specified in Section 5.31 hereof.
                                                            ------------

     "GOVERNMENTAL  AUTHORITY"  means  any  federal,  state,  local  or  foreign
government  administrative  agency,  governmental commission, department, board,
bureau,  agency  or  instrumentality, court, tribunal, administrative law judge,
arbitrator  or arbitral body or other governmental authority or instrumentality,
domestic  or  foreign.

     "GOVERNMENTAL REQUIREMENTS" means, as of the date of determination thereof,
all  Applicable Laws or similar forms of decision of any Governmental Authority.

     "GSA" has the meaning specified in Section 5.31 hereof.
                                        ------------

     "HAZARDOUS  MATERIALS"  means  hazardous  wastes,  hazardous  substances,
hazardous  constituents,  toxic substances or related materials, whether solids,
liquids  or  gases  including  but  not limited to substances defined as "PCBs,"
"hazardous  wastes,"  "hazardous  substances," "toxic substances," "pollutants,"
"contaminants,"  "radioactive  materials,"  "petroleum," "petroleum substances,"
asbestos,  asbestos-containing  material,  urea  formaldehyde  or materials that
contain it, or other similar designations in, or otherwise subject to regulation
under, CERCLA,; the Toxic Substance Control Act ("TSCA"), 15 U.S.C. Sec. 2601 et
seq.;  the Resource Conservation and Recovery Act ("RCRA"), 42 U.S.C. Sec. 9601;
the  Clean  Water  Act  ("CWA"),  33 U.S.C. Sec. 1251 et seq.; the Safe Drinking
Water Act, 42 U.S.C.Sec. 300f et seq.; the Clean Air Act ("CAA"), 42 U.S.C. Sec.
7401  et seq.; the Atomic Energy Act of 1954, as amended, 42 U.S.C. Sec. 2011 et
seq.;  the  Hazardous Materials Transportation Act ("HMTA"), 49 U.S.C. Sec. 5201
et  seq.;  or under any other Environmental Law that defines the same or similar
terms;  and  in  the  plans,  rules, regulations or ordinances adopted, or other
criteria,  guidance  and guidelines promulgated and/or published pursuant to the
preceding  laws or other similar laws, regulations, rules or ordinances, and any
other  substances,  constituents  or wastes subject to environmental regulations
under  any  Applicable  Law.

                                        5
<PAGE>
     "HSR  ACT"  means the Hart Scott Rodino Antitrust Improvements Act of 1976,
as  amended.

     "INDEMNIFIED  PARTY"  has  the  meaning specified in Section 9.4(a) hereof.
                                                          --------------

     "INDEMNIFYING  PARTY"  has  the meaning specified in Section 9.4(a) hereof.
                                                          --------------

     "INITIAL  RESOLUTION  PERIOD"  has  the  meaning  specified  in Section 3.1
                                                                     -----------
hereof.

     "IRS" means the United States Internal Revenue Service.

     "JLL" has the meaning specified in the Preamble to this Agreement.

     "JLL  MATERIAL  ADVERSE  EFFECT"  shall  mean  any material adverse change,
event,  circumstance  or development, other than a JLL Permitted Adverse Effect,
with  respect  to,  or  material  adverse  effect  on, (i) the business, assets,
liabilities,  capitalization,  condition  (financial  or  other),  or results of
operations  of JLL and its subsidiaries, taken as a whole or (ii) the ability of
Purchaser  or JLL to consummate the transactions contemplated by this Agreement.
For  the  avoidance  of  doubt, the parties agree that, other than in connection
with  the  definition  of JLL Material Adverse Effect set forth above, the terms
"material",  "materially"  or  "materiality"  as  used in this Agreement with an
initial  lower  case  "m"  shall  have  their  respective customary and ordinary
meanings, without regard to the meaning ascribed to JLL Material Adverse Effect.

     "JLL  PERMITTED  ADVERSE  EFFECT"  shall  mean any material adverse change,
event,  circumstance  or  development  arising  out  of  (a)  changes in general
economic  or political conditions or the financing or capital markets in general
or  changes  in  currency exchange rates, (b) changes in laws or interpretations
thereof  by  any Governmental Authority or changes in accounting requirements or
principles,  (c)  changes affecting generally the industries or markets in which
JLL  conducts  business  which do not have a disproportionate impact on JLL, (d)
the  consummation  of  the  transactions  contemplated  hereby,  (e) any natural
disaster,  sabotage,  military  action  or  war (whether or not declared) or any
escalation  or  worsening thereof, (f) any action required to be taken under any
law  or  order  or  any  existing  agreement  by  which Purchaser (or any of its
properties)  is  bound,  or  (g)  the public announcement of this Agreement, the
pendency  of  the  transactions contemplated hereby or the performance by JLL or
Purchaser  of  their  obligations  hereunder.

     "KEY  EMPLOYEE  LIST"  has  the  meaning  specified in Section 5.15 hereof.
                                                            ------------

     "LATEST  BALANCE  SHEET"  has  the meaning specified in Section 5.4 hereof.
                                                             -----------

     "LATEST  BALANCE  SHEET  DATE"  has  the  meaning  specified in Section 5.4
                                                                     -----------
hereof.

     "LATEST  FINANCIAL  STATEMENTS"  has  the  meaning specified in Section 5.4
                                                                     -----------
hereof.

     "LIABILITY"  means  any  liability  or  obligation  of  any kind, nature or
description  (whether  known or unknown, whether asserted or unasserted, whether
absolute  or  contingent,  whether  accrued  or unaccrued, whether liquidated or
unliquidated,  and whether due or to become due), including, without limitation,
any  liability  for  Taxes.

                                        6
<PAGE>
     "LIEN"  means any mortgage, deed of trust, lien, security interest, pledge,
hypothecation,  charge,  claim,  restriction,  or encumbrance of any kind or any
preference,  priority,  or  other  agreement  for  security  or  preferential
arrangement  of any kind or nature whatsoever (including any conditional sale or
title  retention  agreement).

     "LLC  AGREEMENT"  has  the  meaning  specified  in  Section  2.4(a).
                                                         ---------------

     "LOSSES"  means  collectively,  all  losses,  Liabilities, charges, claims,
demands,  penalties, fines, costs, fees, amounts paid (i) in settlement, or (ii)
to  cure,  or  (iii)  to  obtain  waiver  of,  defaults,  damages  and  expenses
(including, without limitation, reasonable legal fees and expenses, court costs,
reasonable  costs  of  investigation  and  costs  of  appeal).

     "MAJOR  CLIENTS"  has  the  meaning  specified  in  Section  5.21  hereof.
                                                         -------------

     "MAS"  has  the  meaning  specified  in  Section  5.31  hereof.
                                              -------------

     "MATERIAL  CONTRACTS"  means  contracts of the Company and its Subsidiaries
described  in  Section  5.8(a).
               ---------------

     "MEMBERSHIP  INTERESTS"  has  the meaning specified in the Recitals hereto.

     "MOBIS"  means  "Mission  Oriented  Business  Integrated  Services."  MOBIS
schedule  contractors  provide  services  such  as  consulting, studies surveys,
training  services,  facilitation  services,  etc.

     "NET  CASH  COLLECTIONS  OF  ANY  CLOSING DATE ACCOUNTS RECEIVABLE" has the
meaning  specified  in  Section  3.3(a)  hereof.
                        ---------------

     "NOTICE"  means  notification  in  either  written,  electronic  or, to the
Knowledge  of  Seller,  oral  form.

     "OBJECTION NOTICE" has the meaning specified in Section 3.1 hereof.
                                                     -----------

     "OBJECTION PERIOD" has the meaning specified in Section 3.1 hereof.
                                                     -----------

     "ORDINARY  COURSE  OF  BUSINESS"  means  the conduct of the Business of the
Company  and  each  of  its  Subsidiaries  in  the ordinary and normal course of
day-to-day  operations  consistent  with  past  practices  and not requiring the
approval  or  consent  of  the  member  of the Company or the members of Seller.

     "PARTY"  and  "PARTIES" have the meanings specified in the Preamble to this
Agreement.

     "PERMITS"  means  any  certificates,  licenses,  permits,  authorizations,
consents,  waivers, or approvals required to be issued or granted to the Company
or  any  of  its Subsidiaries by Governmental Authorities in connection with the
operation  of the Business of the Company or such Subsidiary as such Business is
presently  conducted.

                                        7
<PAGE>
     "PERMITTED  LIENS"  means  (a)  mechanics',  carriers',  workmen's,
warehousemen's,  repairmen's  or other like Liens arising in the Ordinary Course
of  Business  from amounts which are not yet due and payable and which would not
individually  or  in  the  aggregate have a Material Adverse Effect or which are
being  contested, with bond, in appropriate proceedings; (b) Liens arising under
any  original  purchase  price  conditional sales contracts and equipment leases
with  third  parties  entered into in the Ordinary Course of Business; (c) Liens
for  Taxes  and  other governmental obligations not yet due and payable or which
hereafter  may  be  paid  without  penalty  or which are being contested in good
faith; and (d) other minor imperfections of title, restrictions or encumbrances,
if  any,  which  do  not impair the ownership, operation or continued use of the
specific  assets  to  which  they  relate.

     "PERSON"  means  any  natural  person,  corporation,  firm,  joint venture,
partnership,  limited liability company, association, enterprise, trust or other
entity  or  organization  or  any  Governmental  Authority.

     "PRE-CLOSING  PERIOD"  means any Tax period ending on or before the Closing
Date  and, in the case of a Tax period that begins on or before the Closing Date
and  ends  after  the  Closing  Date,  the  portion  of  such period through and
including  the  Closing  Date.

     "PROCEEDING"  means any action, arbitration, audit, hearing, investigation,
litigation,  suit  (whether  civil,  criminal,  administrative, investigative or
informal)  commenced,  brought,  conducted,  or  heard by or before or otherwise
involving  any  governmental  authority,  agency,  instrumentality,  court  or
arbitrator.

     "PROHIBITED  TRANSACTION"  has  the  meaning set forth in ERISA Sec.406 and
Code  Sec.4975.

     "PROJECT  FINANCE  AGREEMENTS"  has  the  meaning  specified in Section 4.6
                                                                     -----------
hereof.

     "PROJECT  FINANCE  DOCUMENTS"  has  the  meaning  specified  in Section 4.6
                                                                     -----------
hereof.

     "PROJECT  FINANCE  GUARANTIES"  has  the  meaning  specified in Section 4.6
                                                                     -----------
hereof.

     "PROJECT  LENDERS"  has  the  meaning  specified in Section 7.15(a) hereof.
                                                         ---------------

     "PROJECT  LENDERS'  CONSENTS"  has the meaning specified in Section 7.15(a)
                                                                 ---------------
hereof.

     "PURCHASER"  has  the  meaning specified in the Preamble to this Agreement.

     "RECEIVABLES"  means  the  accounts  receivable and notes receivable of the
Company  and  each  Subsidiary.

     "RECONCILIATION  DATE"  has  the  meaning  specified in Section 3.1 hereof.
                                                             -----------

                                        8
<PAGE>
     "RELEASE"  means  any spilling, leaking, emitting, discharging, depositing,
escaping, leaching, emanating, crumbling, dumping, pumping or other releasing or
allowing  to  escape  into  or  through  the environment, whether intentional or
unintentional,  sudden,  immediate  or  over  an  extended  period  of  time.

     "REVIEWING PARTY" has the meaning specified in Section 3.2 hereof.
                                                    -----------

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

     "SELLER" has the meaning specified in the Preamble to this Agreement.

     "SUBSIDIARIES"  means  S&S  Boston Construction LP, a Massachusetts limited
partnership,  Spaulding  and  Slye  Construction  LP,  a  Massachusetts  limited
partnership,  S&S  PR  One LLC, a Delaware limited liability company, S&S PR Two
LLC,  a  Delaware  limited  liability company, S&S Colliers International Puerto
Rico,  a  Puerto  Rico general partnership and Spaulding & Slye Federal Services
LLC,  a  Delaware  limited  liability  company  and,  for all purposes hereunder
including  the  representations  and warranties of Seller set forth in Article V
below  and  the  indemnification  provisions  of  Article  IX  below,  the  term
"Subsidiary"  or  "Subsidiaries"  shall  be deemed to include Spaulding and Slye
Construction  Company,  Inc.,  a Massachusetts corporation ("S&S Construction").

     "TAX"  means  (i)  any tax or other similar assessment or charge (including
any  tax imposed under Subtitle A of the Code and any net income, alternative or
add-on  minimum  tax,  gross income, gross receipts, sales, use, intangibles, ad
valorem,  value added, transfer, franchise, profits, license, withholding tax on
amounts  paid,  payroll,  social  security  (or  similar),  employment,  excise,
severance, stamp, capital stock, occupation, property, environmental or windfall
profit  tax,  premium,  customs, duty or other tax), together with any interest,
penalty, addition to tax or other additional amount, in each case imposed by any
Governmental  Authority, (ii) any liability for the payment of any amount of the
type  described in clause (i) above as a result of a Person being a member of an
affiliated,  consolidated or combined group with any other entity at any time on
or  prior  to  the  Closing  Date  or  as a result of any tax sharing or similar
agreement  and  (iii) any liability of any Person with respect to the payment of
any  amount of the type described in clause (i) or (ii) above as a result of any
express  or  implied  obligation  of  such Person to indemnify any other Person.

     "TAX  AUTHORITY"  means  any  branch,  office,  department,  agency,
instrumentality,  court,  tribunal, officer, employee, designee, representative,
or  other  Person  that  is acting for, on behalf or as a part of any foreign or
domestic government (or any political subdivision thereof) that is engaged in or
has  any  power, duty, responsibility or obligation relating to the legislation,
promulgation,  interpretation,  enforcement, regulation, monitoring, supervision
or  collection  of  or  any  other  activity  relating to any Tax or Tax Return.

     "TAX  PROCEEDING"  means  any  audit,  examination,  review,  assessment or
reassessment,  refund  claim,  litigation  or  other  administrative or judicial
proceeding  or  other  similar action by a Tax Authority relating to any Tax for
which  the Company or any Subsidiary is (or is asserted to be) or may be liable.

                                        9
<PAGE>
     "TAX  PURCHASE  PRICE"  has the meaning specified in Section 2.6(a) hereto.
                                                          --------------

     "TAX  RETURN"  means  any  return, election, declaration, report, schedule,
information  return, document, information, opinion, statement, or any amendment
to any of the foregoing (including without limitation any consolidated, combined
or  unitary  return) submitted or required to be submitted to any Tax Authority.

     "TERRITORY"  means the greater Boston, Massachusetts metropolitan area, the
greater  Washington,  D.C.  metropolitan area (including Virginia and Maryland),
Connecticut  and  Puerto  Rico.

     "THIRD  PARTY  CLAIM"  has  the meaning specified in Section 9.4(a) hereof.
                                                          --------------

     "TOTAL  CASH"  has  the  meaning  specified  in  Section  3.3(a)  hereof.
                                                      ---------------

     1.2     KNOWLEDGE.  Whenever  any  representation  or  warranty  of  Seller
             ---------
contained  in  this  Agreement  or  in  any  schedule, exhibit or other document
delivered  in  connection with this Agreement is qualified to the "Knowledge" of
Seller,  such qualification means the actual knowledge of any of the individuals
listed  on  Schedule  1.2  hereto, after making due inquiry of the Person at the
            -------------
Company  or  either  of its Subsidiaries having primary operating responsibility
for  the  subject  matter  of  the  representation  and  warranty  in  question.

     1.3     CONSTRUCTION.  Unless  otherwise  indicated,  (i)  defined  terms
             ------------
include  the  plural  as  well  as  the  singular; (ii) any agreement defined or
referred to herein includes each amendment, modification and supplement thereto;
(iii)  a reference to any law or Regulation includes any amendment, modification
or  successor  thereto;  (iv)  accounting  terms  not otherwise defined have the
meanings  assigned  to them by GAAP; and (v) the words "include," "includes" and
"including" are not limiting and are deemed to be followed by the words "without
limitation"  whether  or  not  in  fact  followed by such words or words of like
import.

                                   ARTICLE II
                                   ----------

               SALE AND PURCHASE OF MEMBERSHIP INTERESTS; CLOSING
               --------------------------------------------------

     2.1     SALE  AND  PURCHASE  OF  THE  MEMBERSHIP INTERESTS.  Subject to the
             --------------------------------------------------
terms  and  conditions  of  this  Agreement,  at the Closing on the Closing Date
Seller  will transfer, sell and assign the Membership Interests to Purchaser and
Purchaser  will  purchase  the  Membership  Interests  from  Seller.

     2.2     TOTAL  CONSIDERATION.  The  total  consideration for the Membership
             --------------------
Interests  shall  be  the  aggregate of the Closing Date Purchase Price plus the
aggregate  amount of the deferred payments which are made by Purchaser to Seller
pursuant  to  Section 2.2(b) below, plus any contingent payment which is made by
              --------------
Purchaser  to  Seller  pursuant  to  Section  2.2(c)  below.
                                     ---------------

          (a)     CLOSING  DATE  PURCHASE  PRICE.  On  the  Closing  Date and in
                  ------------------------------
     connection  with the consummation of the Closing Purchaser or JLL shall pay
     to  Seller  the Closing Date Purchase Price by wire transfer of immediately
     available funds to an account of Seller designated in writing by Seller and
     delivered  to  Purchaser  at least two (2) Business Days before the Closing
     Date  (the  "ACCOUNT").

                                       10
<PAGE>
          (b)     DEFERRED  PAYMENTS.  Subject  to the provisions of Section 9.7
                  ------------------                                 -----------
     below, on January 2, 2008 (or if that date shall not be a Business Day such
     payment  shall  be  made  on  the  immediately  succeeding  Business  Day),
     Purchaser  or  JLL shall pay to Seller Twenty Million Dollars ($20,000,000)
     and  on December 31, 2008 (or if that date shall not be a Business Day such
     payment shall be made on the immediately preceding Business Day), Purchaser
     shall  pay  to Seller Fifteen Million Dollars ($15,000,000) in each case by
     wire  transfer  of  immediately  available  funds  to  the  Account.

          (c)     EARN  OUT  PAYMENT.
                  ------------------

               (i)     EARN OUT DEFINITIONS.  The following definitions shall be
                       --------------------
          applicable for purposes of determining the amount, if any, of the earn
          out  payment  which  may  be  payable  to  Seller  hereunder:

               "BUSINESS  OPERATIONS"  means  that  portion  of  the  business
          operations  of  Jones  Lang  LaSalle  Americas,  Inc.  ("Americas")
          (exclusive  of  business  operations  of  the  Company  and any of its
          Subsidiaries)  which  are  managed  directly or indirectly by Seller's
          Management  and  which  consists  of  Americas' Markets and investment
          sales  within  the  greater  Washington  D.C.  and  Boston  markets.

               "EARN-OUT  ELIGIBLE REVENUE" means the excess, if any, of Revenue
          over  Steady  State  Revenue.

               "EARN-OUT MULTIPLIER" means Minimum Earn-out Shortfall divided by
          $35,000,000  rounded  to  three  decimal  places.

               "EARN-OUT"  shall  mean  the  lesser  of  $35,000,000 or Earn-out
          Eligible  Revenue  divided  by  the  Earn-out  Multiplier

               "MARKETS"  means  agency  leasing,  transaction  execution
          representing  tenants (exclusive of any revenue allocated or earned by
          Americas'  public  institution  business in connection with or arising
          from  said  activities),  property management, project and development
          services  except  services  provided  in  conjunction  with reimbursed
          corporate  accounts.

               "MINIMUM EARN-OUT SHORTFALL" means Pro Forma Revenue minus Steady
          State  Revenue.

               "PRO  FORMA  REVENUE" shall mean the sum of (a) $329,452,000 plus
          (b)  Revenue  from  Purchaser.

               "REVENUE"  shall  mean  the  sum  of  (a)  revenue  recognized in
          accordance  with  GAAP  during the period beginning on January 1, 2006
          and  ending  at  the  close  of  business  on  December  31, 2008 (the
          "Earn-Out  Period")  generated  from the operations of the Business by
          the  Company  and  its  Subsidiaries  (reference  the  Confidential
          Information Memorandum) plus (b) revenue recognized in accordance with
          GAAP  generated  during  the  Earn-Out  Period  from  the  Business
          Operations.

                                       11
<PAGE>
               "REVENUE  FROM PURCHASER" shall mean the amount of 2006 projected
          revenue  from  the  Business  Operations  as  shall  be agreed upon in
          writing by Purchaser and Seller's Management prior to the Closing Date
          on  the  basis of Americas' final 2006 operational plan recommended by
          Americas'  management  to  its  board of directors; provided, however,
                                                              --------  --------
          that  Revenue from Purchaser for the Earn-Out Period shall not be more
          than  15%  greater  or  lesser  than  $70,200,000.

               "SELLER'S  MANAGEMENT" shall mean David McGarry and Peter Bailey.

               "STEADY  STATE  REVENUE"  shall  mean the sum of (a) $259,500,000
          plus  (b)  Revenue  from  Purchaser.

               (ii)     EXAMPLE.  For the avoidance of doubt, by way of example,
                        -------
          and  as an illustration of the Parties' intent (and using hypothetical
          numbers)  of  the earn out calculation, the following is an example of
          the  manner  in  which the earn out calculation shall be made upon the
          completion  of  the  Earn  Out  Period.

               If  the  amounts  defined  at  Closing  are:
               -------------------------------------------
               Steady  State  Revenue  =  $329,700,000
               Pro  Forma  Revenue  =  $399,652,000

               Then:
               -----
               Minimum  Earn-out  Shortfall  =  $69,952,000
               Earn-out  Multiplier  =  1.999

               And  if the amounts calculated at the end of Earn-out Period are:
               ----------------------------------------------------------------
               Revenue  =  $375,000,000  (assumption  for  this  example)
               Earn-out  Eligible  Revenue  =  $45,300,000  ($375,000,000  minus
          $329,700,000)

               Then:
               -----
               Earn-out  =  $22,661,331($45,300,000  divided  by  1.999)

               (iii)     ANNUAL  CALCULATION.  On  or  before  March 1, 2007 and
                         -------------------
          March 1, 2008, Purchaser shall deliver to Seller a written calculation
          of  Purchaser's  determination  of Revenue for calendar years 2006 and
          2007,  respectively.  Seller  shall have a period of ten (10) Business
          Days  after  receipt of Purchaser's calculation within which to object
          in  writing  to  Purchaser  with  respect  to the calculation so made,
          specifying in detail the basis of any objection. The resolution of any
          dispute  regarding the earn out payment shall be conducted in the same
          manner  as  is specified for the resolution of disputes in Section 3.2
          hereof.  If Seller shall fail to deliver a written objection notice to
          Purchaser  within  such  ten (10) Business Day period then Purchaser's
          calculations respecting the earn out shall be deemed final and binding
          upon  the  parties  without  further  recourse.

                                       12
<PAGE>
               (iv)     FINAL  CALCULATION.  On  or  before  March  1,  2009,
                        ------------------
          Purchaser shall deliver to Seller a written calculation of Purchaser's
          determination  of  (A) Revenue for calendar year 2008, and (B) whether
          any  earn  out  payment is due and payable to Seller hereunder and, if
          such  payment  is  due and payable, the amount thereof. In calculating
          whether any earn-out payment is due to Seller, Purchaser's calculation
          shall  reflect  the  amount  of  Revenue  for 2006 and 2007 determined
          pursuant to clause (iii) above. Seller shall have a period of ten (10)
          Business Days after receipt of Purchaser's calculation within which to
          object  in  writing  to  Purchaser  with respect to the calculation so
          made,  specifying in detail the basis of any objection. The resolution
          of  any  dispute  regarding the earn out payment shall be conducted in
          the  same  manner  as  is  specified for the resolution of disputes in
          Section  3.2  hereof.  If  Seller  shall  fail  to  deliver  a written
          objection notice to Purchaser within such ten (10) Business Day period
          then  Purchaser's calculations respecting the earn out shall be deemed
          final  and  binding  upon  the  parties  without  further  recourse.

               (v)     PAYMENT.  Subject to the provisions of Section 9.7 below,
                       -------                                -----------
          any  amount  payable  to  Seller  with respect to the earn out payment
          shall  be  made  by  Purchaser  or JLL by wire transfer of immediately
          available funds to the Account within five (5) Business Days after the
          expiration  of the ten (10) Business Day period referred to in Section
          2.2(c)(iv)  above  (where  there  has been no timely objection made by
          Seller),  or  within  five (5) Business Days after the date upon which
          any  dispute with respect thereto has been finally and fully resolved.
          In  no  event shall Purchaser or JLL be obligated to make any earn out
          payment  in  excess  of  Thirty  Five  Million  Dollars ($35,000,000).

               (vi)     ACCESS  TO  RECORDS.  Without limiting the generality of
                        -------------------
          any  other  provision  of  this  Agreement  at  Seller's sole cost and
          expense,  Purchaser  shall  give  Seller  and  its  agents  and
          representatives  (including accountants) access to Purchaser's records
          during  normal  business  hours  and  after  receipt by Purchaser of a
          written  request  by  Seller for access not less than two (2) Business
          Days  prior  to  the  date  upon  which  such  access is requested and
          Purchaser  shall  make  records  stored  in electronic form reasonably
          available  to  Seller  and  its agents and representatives during such
          period  of access, in each instance solely for any purpose relevant to
          the  calculations  or  processes  referred  to in this Section 2.2(c).

               (vii)     MANAGEMENT; CONTROL; ACCOUNTING; CAPITALIZATION.  It is
                         -----------------------------------------------
          understood  that,  subject  to  the  terms of any employment agreement
          between  Americas  or  any  of  its Affiliates and members of Seller's
          Management,  Seller's Management shall have management responsibility,
          for  the  duration  of  the  earn-out  period, for the activities that
          relate  to  the  generation of revenue upon which the earn out payment
          calculation  is based, including (A) the operations of the Company and
          its  Subsidiaries  which  consist of the Business and (B) the Business
          Operations.  For  purposes  of  calculating  Revenue  and  allocating
          revenues  among  revenue-generators,  the  Parties  shall  use  the
          accounting  and  allocation methods and principles used by the Company
          prior  to  the  Closing  Date.  All  revenue of Americas from existing
          corporate  accounts  of  the  Company  and  its  Subsidiaries shall be
          allocated  to  and constitute Revenue provided such Revenue is derived
                                                --------
          from  the  Business  Operations.  Seller's  Management will manage the
          Business and the Business Operations in conformity and compliance with
          the practices, policies, procedures, manuals and required approvals of
          Americas, and Americas shall provide adequate operating capital to the
          Company  after the Closing Date consistent with Americas' strategy and
          comparable  policies  of  providing  operating  capital  to  its other
          business  operations.

                                       13
<PAGE>
     2.3     [INTENTIONALLY  OMITTED].

     2.4     PAYMENT  PLAN;  RIGHT  OF  INSPECTION.
             -------------------------------------

          (a)     PAYMENT  PLAN.  Seller hereby agrees that (i) the Closing Date
                  -------------
     Purchase  Price  shall  be  distributed  by  Seller  in accordance with the
     Amended  and  Restated Limited Liability Company Agreement of the Seller, a
     form  of  which  is attached hereto as Exhibit B (the "LLC AGREEMENT"), and
                                            ---------
     (ii)  the  deferred  payments  payable  by  Purchaser to Seller pursuant to
     Section  2.2(b)  and  the  earn-out  payment payable by Purchaser to Seller
     ---------------
     pursuant  to  Section  2.2(c) above shall be distributed in accordance with
                   ---------------
     the  LLC  Agreement. Contemporaneously with the execution of this Agreement
     the  LLC  Agreement  shall  be  executed  by  all  of  the parties thereto.
     Following  the  date  hereof,  Seller  shall not amend the LLC Agreement to
     accelerate the payment to any individual of any amount that Seller received
     from  Purchaser  pursuant  to  this  Agreement.

          (b)     RIGHT  OF  INSPECTION.  Once  within each six (6) month period
                  ---------------------
     following  the  Closing  Date,  Purchaser  or its authorized representative
     shall  be  entitled  at  all times during normal business hours to inspect,
     copy  and make extracts of the books and records of the Seller to determine
     whether  the  distributions  made  by  Seller  prior  to  the  date of such
     inspection  were  made  in  compliance with the LLC Agreement. In the event
     such  inspection  shall  reveal  any violation of Section 2.4(a) above then
                                                       --------------
     Seller  shall promptly reimburse Purchaser for the fees, costs and expenses
     paid  or  incurred  by  Purchaser  of  the  Company in connection with said
     inspection.

     2.5     CLOSING.  The  Closing  shall  be  effectuated (other than the wire
             -------
transfer of the Closing Date Purchase Price by Purchaser or JLL) through a joint
order  escrow  (the  "ESCROW") established by the Parties at Bank of New York in
Chicago,  Illinois  ("ESCROWEE").  The  escrow  agreement  respecting the Escrow
shall  be  entered  into by the Parties on or before December 15, 2005 in a form
that  is  reasonably acceptable to the Parties.  The fees, costs and expenses of
the  Escrowee  shall  be  borne  equally  by  Purchaser  and  Seller.

                                       14
<PAGE>
     2.6  ALLOCATION OF PURCHASE PRICE.
          ----------------------------

          (a)     The Parties acknowledge that, for federal income tax purposes,
     the purchase of the Membership Interests will be treated as the purchase of
     the  assets  held by the Company as of the Closing. Accordingly, as soon as
     practicable  following  the  Reconciliation  Date, Seller shall prepare and
     deliver  to  Purchaser  for  its  approval  an  allocation  schedule  (the
     "ALLOCATION  SCHEDULE")  allocating  the  Closing  Date  Purchase  Price as
     adjusted  pursuant  to Section 3.3 hereof and as increased by the amount of
                            -----------
     any  liabilities  of  the  Company  as  of  the  Closing to the extent such
     liabilities  are  recognized as liabilities for federal income Tax purposes
     (the  "TAX  PURCHASE  PRICE") among (i) the assets of the Company as of the
     Closing  Date,  and  (ii) the covenant contained in Section 7.7 hereof. The
                                                         -----------
     Allocation  Schedule  shall  be prepared in accordance with the rules under
     Section  1060  of  the  Code  and  the  Treasury  Regulations  promulgated
     thereunder.

          (b)     Purchaser  shall  deliver  to  Seller, within thirty (30) days
     after  delivery of the Allocation Schedule, either a notice indicating that
     Purchaser accepts such schedule or a statement setting forth its objections
     to  such  schedule  and  providing  an  explanation  of  those items on the
     schedule to which it objects and its reasons for so objecting. If Purchaser
     delivers  to  Seller a notice accepting Seller's Allocation Schedule, or if
     Purchaser  does not deliver a written objection within such thirty (30) day
     period, then, effective as of either the date of delivery of such notice of
     acceptance  or  as  of  the close of business on such thirtieth (30th) day,
     Seller's  Allocation  Schedule  shall  be  deemed  to  be  the  accepted by
     Purchaser.  If  Purchaser  timely  delivers  a  notice  objecting  to  the
     Allocation  Schedule as provided above, Purchaser and Seller shall use good
     faith  efforts  to  resolve such objections. If Purchaser and Seller cannot
     resolve  such  objections  within  sixty  (60) days following the date that
     Purchaser  notified  Seller  of  the  objection,  then Purchaser and Seller
     resolve  the  dispute  in  the  manner set forth in Section 3.2 hereof. The
                                                         -----------
     Reviewing  Party shall prepare the Allocation Schedule by (i) accepting all
     allocations contained in the Allocation Schedule as prepared by Seller with
     respect to which Purchaser did not object in its notice and (ii) allocating
     amounts  to  those  items  with respect to which Purchaser did object based
     upon  its  determination of the fair value of such items. The determination
     of  the  Reviewing  Party  shall  be  final  and  binding  on  all Parties.

          (c)     The  Parties  agree  that,  in  addition  to any other amounts
     agreed upon by the Parties as allocable to the goodwill of the Company, all
     amounts payable pursuant to Section 2.2(c) hereof shall be allocated to the
                                 --------------
     goodwill  of  the  Company.

          (d)     The  Parties  agree  to act in accordance with the allocations
     contained  in  the  Allocation  Schedule  (as  accepted  by Purchaser or as
     determined  by  the  Reviewing  Party)  and  Section  2.6(c)  hereof in any
                                                  ---------------
     relevant Tax Returns or filings (including any forms or reports required to
     be  filed  pursuant  to  Section 1060 of the Code, the Treasury Regulations
     promulgated  thereunder  or  any provisions of local, state and foreign law
     ("1060  Forms")), and to cooperate in the preparation of any 1060 Forms and
     to file such 1060 Forms in the manner required by applicable law.

                                       15
<PAGE>
                                   ARTICLE III
                                   -----------

                      CLOSING DATE BALANCE SHEET; OWNERSHIP
                        OF CERTAIN ASSETS AND LIABILITIES

     3.1     CLOSING  DATE  BALANCE SHEET.  Not less than one hundred and eighty
             ----------------------------
(180)  days immediately following the Closing Date Seller shall deliver or cause
to  be  delivered to Purchaser a true, correct and complete consolidated balance
sheet  of  the  Company  and  its  Subsidiaries  as  at the close of business on
December  31,  2005  which has been duly audited by the firm of certified public
accountants  regularly engaged by the Company, which includes a determination of
those  liabilities identified in Schedule 3.1 hereto and which is accompanied by
                                 ------------
an  unqualified  opinion  of such accounting firm that the Closing Balance Sheet
has  been prepared in accordance with GAAP (except with respect to the inclusion
of  those  identified in Schedule 3.1 hereto) consistently applied and utilizing
                         ------------
the same assumptions, procedures and methods as were utilized in the preparation
of  the Balance Sheet, setting forth each of the Company's and the Subsidiaries'
Company Debt, cash and cash equivalents, and Receivables (Company Debt, cash and
cash  equivalents,  and  Receivables  collectively referred to as "BALANCE SHEET
ITEMS") as of the close of business on December 31, 2005 (said balance sheet and
the  footnotes  thereto  being  referred  to herein as the "CLOSING DATE BALANCE
SHEET").  In  addition,  although  they  would  not  formally  be  reflected  as
liabilities  on  the  Closing  Balance  Sheet  under  GAAP, for purposes of this
Agreement  the  Closing  Date Balance Sheet shall include within the liabilities
section  those certain liabilities of the Company or a Subsidiary which are more
particularly identified on Schedule 3.1 hereto (the liabilities reflected on the
                           ------------
Closing  Date Balance Sheet, combined with the liabilities reflected on Schedule
                                                                        --------
3.1  hereto  are  hereafter  collectively  referred  to  as  the  "CLOSING  DATE
---
LIABILITIES").  The  aggregate  Accounts  Receivable  of  the  Company  and  the
Subsidiaries  reflected  on  the  Closing  Date  Balance  Sheet  are hereinafter
referred  to  as  the  "CLOSING  DATE ACCOUNTS RECEIVABLE."  The fees, costs and
expenses  of  such  audited  balance  sheet shall be borne by Seller.  Purchaser
shall  have  a period of thirty (30) days (the "OBJECTION PERIOD") after receipt
of the Closing Date Balance Sheet from Seller in which to provide written notice
to  Seller  of any objections thereto (the "OBJECTION NOTICE"), setting forth in
reasonable  detail  the  specific  item  of the calculation of the Balance Sheet
Items  or  other  items  or matters to which each such objection relates and the
specific  basis for each such objection.  The Closing Date Balance Sheet and the
resulting  Balance  Sheet  Items or other items or matters shall be deemed to be
accepted by Purchaser, and shall become final and binding on the parties, on the
later  of  (i)  the  expiration of the Objection Period without the filing of an
Objection  Notice or (ii) the date on which all objections have been resolved by
the  parties  or  the  Reviewing  Party and payment has been made, to the extent
required  under  Section  3.3  below  (the "RECONCILIATION DATE").  If Purchaser
                 ------------
gives  any such Objection Notice within the Objection Period, then Purchaser and
Seller shall attempt in good faith to resolve any dispute concerning the item(s)
subject  to  such  Objection Notice.  If Purchaser and Seller do not resolve all
disputes  arising  in connection with the calculation of the Balance Sheet Items
and/or  relating to the Closing Date Balance Sheet within thirty (30) days after
the  date  of delivery of the Objection Notice, which thirty (30) day period may
be extended by written agreement of Seller and Purchaser (such period, as it may
be extended, the "INITIAL RESOLUTION PERIOD"), such dispute shall be resolved in
accordance  with  the  procedures  set  forth  in  Section  3.2  below.
                                                   ------------

                                       16
<PAGE>
     3.2     DISPUTE  RESOLUTION.  If Seller and Purchaser have not been able to
             -------------------
resolve  a dispute within the Initial Resolution Period, either party may submit
such  dispute  to,  and  such  dispute  shall  be  resolved  fully,  finally and
exclusively  through  the  use of the Chicago, Illinois office of an independent
accounting  firm reasonably designated by Purchaser and reasonably acceptable to
the  Company.  If  the independent accounting firm so selected is not willing to
serve  as  an  independent  accounting  firm  for  this  purpose,  then  another
independent  international  accounting  firm  (the  "ALTERNATE ACCOUNTING FIRM")
shall  be selected to serve as such by mutual agreement of Seller and Purchaser.
If  Purchaser  and Seller cannot mutually agree on the identity of the Alternate
Accounting  Firm  within  fifteen  (15) days following expiration of the Initial
Resolution  Period, such dispute shall be resolved fully and finally in Chicago,
Illinois  by  an  arbitrator  with  significant  accounting  experience selected
pursuant to, and an arbitration governed by, the Commercial Arbitration Rules of
the  American  Arbitration  Association  (the  Alternate  Accounting Firm or the
arbitrator so selected is referred to below as "REVIEWING PARTY").  The fees and
expenses  of  the  independent  accounting  firm  so  selected,  the  Alternate
Accounting  Firm  or  the  Reviewing  Party  incurred  in the resolution of such
dispute  shall  be  borne by the parties in such proportion as is appropriate to
reflect  the  relative  benefits  received  by  Purchaser  and  Seller  from the
resolution of the dispute.  For example, if Purchaser challenges the calculation
of the Balance Sheet Items in the Closing Date Balance Sheet by an amount of One
Hundred  Thousand  Dollars  ($100,000),  but the Reviewing Party determines that
Purchaser  has  a  valid claim for only Forty Thousand Dollars ($40,000), Seller
shall  bear  forty percent (40%) of the fees and expenses of the Reviewing Party
and  the  Purchaser  shall  bear  the  other  sixty percent 60% of such fees and
expenses.  Any  arbitration proceeding shall be commenced within sixty (60) days
of  the  date  of  delivery  of the Objection Notice.  The Reviewing Party shall
determine (and written notice thereof shall be given to Purchaser and Seller) as
promptly  as practicable, but in any event within thirty (30) days following the
date  on  which  the  Closing  Date  Balance Sheet is delivered to the Reviewing
Party,  based  solely  on  written  submissions detailing the disputed items and
forwarded  to  it,  (x) whether the Closing Date Balance Sheet and the resulting
Balance Sheet Items were prepared in accordance with the terms of this Agreement
or,  alternatively, (y) only with respect to the disputed items submitted to the
Reviewing  Party,  whether  and to what extent (if any) the Closing Date Balance
Sheet  and/or  the  resulting  Balance  Sheet  Items  or  other  items  require
adjustment.  The  Reviewing  Party  shall  provide  a  written  explanation  in
reasonable  detail  of  each  such  required  adjustment,  including  the  basis
therefor.  All  negotiations  pursuant  to  this Section 3.2 shall be treated as
                                                 -----------
compromise  and  settlement negotiations for purposes of Rule 408 of the Federal
Rules  of Evidence and comparable state rules of evidence, and all negotiations,
submissions  to  the  Reviewing  Party,  and  arbitration proceedings under this
Section  3.2  shall be treated as confidential information.  The Reviewing Party
------------
shall  be  bound  by  a  mutually  agreeable  confidentiality  agreement.  The
procedures of this Section 3.2 are exclusive and, except as set forth below, the
                   -----------
determination  of the Reviewing Party shall be final and binding on the parties.
The decision rendered pursuant to this Section 3.2 may be filed as a judgment in
                                       -----------
any court of competent jurisdiction.  Either party may seek specific enforcement
or  take other necessary legal action to enforce any decision under this Section
                                                                         -------
3.2.  The  other party's only defense to such a request for specific enforcement
---
or other legal action shall be fraud by or on the part of the Reviewing Party or
obvious  mathematical  miscalculation.

                                       17
<PAGE>
     3.3     RECONCILIATION  OF  CLOSING  DATE  LIABILITIES.  Within  ten  (10)
             ----------------------------------------------
Business  Days  after  the  Closing  Date  Balance  Sheet  has been finalized in
accordance  with  Section 3.1 and Section 3.2 above, the Parties shall reconcile
                  -----------     -----------
the  Closing  Date  Liabilities  as  follows:

          (a)     if  the  Closing  Date Liabilities exceed the aggregate of the
     cash  and cash equivalents of the Company and the Subsidiaries at the close
     of  business  on December 31, 2005, plus the aggregate Net Cash Collections
     of  Closing  Date  Accounts  Receivable of the Company and the Subsidiaries
     from  January  1,  2006  through  the  day  immediately  preceding  the
     Reconciliation  Date  ("TOTAL  CASH"), Seller shall pay Purchaser an amount
     equal  to said excess by wire transfer of immediately available funds to an
     account  of  Purchaser  designated  in  writing to Seller by Purchaser. The
     Company  and  the  Subsidiaries  shall  retain any uncollected Closing Date
     Accounts Receivable in existence on the Reconciliation Date and shall remit
     to  Seller  on  or before the twentieth (20th) day of each month thereafter
     all Net Cash Collections of Any Closing Date Accounts Receivable which were
     received  by  the  Company  or  any  of the Subsidiaries as collected funds
     during  the  immediately  preceding  month.  For  purposes hereof, NET CASH
     COLLECTIONS  OF  ANY  CLOSING  DATE ACCOUNTS RECEIVABLE of the Company or a
     Subsidiary  shall mean gross collections minus the fees, costs and expenses
     paid  or  payable  to  a  third  party  with  respect  to such collected or
     partially  collected  account  receivable;  or

          (b)     if  the  Total  Cash  exceeds  the  Closing  Date Liabilities,
     Purchaser  or  JLL  shall pay Seller an amount equal to said excess by wire
     transfer of immediately available funds to the Account. The Company and the
     Subsidiaries  shall retain any uncollected Closing Date Accounts Receivable
     in  existence  on  the  Reconciliation Date and shall remit any collections
     thereof  to  Seller  in  the  manner  provided for in Section 3.3(a) above.
                                                           -------------

          (c)     Seller  shall  pay  directly,  when  due,  any fees, costs and
     expenses  which shall become due and payable to any third party on or after
     the  Reconciliation  Date in connection with or arising from any efforts to
     collect  any  Closing  Date Accounts Receivable. From and after the Closing
     Date,  Purchaser  and  its  Affiliates  shall  not cause the Company or the
     Subsidiaries to incur any fees, costs and expenses which are payable to any
     third  party  in  connection  with  any efforts to collect any Closing Date
     Accounts Receivables unless Seller shall have consented thereto in writing.

                                   ARTICLE IV
                                   ----------

                     SELLER'S REPRESENTATIONS AND WARRANTIES
                       REGARDING SELLER AND ITS AFFILIATES
                       -----------------------------------

     Seller  represents  and  warrants  to JLL and Purchaser that, except as set
forth  in  the  Disclosure Schedule, the statements contained in this Article IV
are  true  and  correct  as  of  the date of this Agreement and will be true and
correct as of the Closing as though made as of the Closing, except to the extent
such  representations  and  warranties  are specifically made as of a particular
date (in which case such representations and warranties will be true and correct
as  of  such  date).  The  Disclosure Schedule shall be arranged in sections and
subsections  corresponding to the numbered and lettered sections and subsections
contained  in  this Article IV.  The disclosures in any section or subsection of
the Disclosure Schedule shall qualify the corresponding section or subsection in
this  Article  IV  and  such  other  sections  or  subsections  to  the  extent
specifically  cross  referenced  by  section  number of the Disclosure Schedule.

                                       18
<PAGE>
     4.1     DUE  ORGANIZATION  AND  STANDING;  RECORDS.  Seller  is  a  limited
             ------------------------------------------
liability company which is duly organized, validly existing and in good standing
under  the  laws  of  the  State of Delaware.  Seller has delivered to Purchaser
true, accurate and complete copies of the certificate of formation and operating
agreement  of  Seller.

     4.2     AUTHORITY; EXECUTION AND DELIVERY; ENFORCEABILITY.  Seller has full
             -------------------------------------------------
limited  liability  company  power  and  authority  to  execute and deliver this
Agreement  and each other transaction document to which Seller is a party and to
consummate  the transactions contemplated hereby and thereby.  The execution and
delivery  by  Seller  of  this  Agreement and each other transaction document to
which  Seller  is  a  party  and  the consummation by Seller of the transactions
contemplated  hereby  and  thereby  have  been  duly authorized by all necessary
limited  liability  company  action  on  the  part  of  Seller.  Seller has duly
executed  and  delivered  this Agreement, and each other transaction document to
which  Seller  is  a  party, when executed and delivered by Seller, will be duly
executed  and  delivered  by Seller.  This Agreement constitutes, and each other
transaction  document  to  which  Seller  is  a  party,  when  duly executed and
delivered  by  Seller, shall constitute, the legal, valid and binding obligation
of  Seller,  enforceable  against Seller in accordance with its terms, except as
the  enforceability  thereof  may  be  limited  by  bankruptcy,  insolvency,
reorganization,  moratorium  and  other  similar laws now or hereafter in effect
relating  to  creditors'  rights  and  by  general  principles  of  equity.

     4.3     NO  CONFLICTS;  CONSENTS.  The  execution and delivery by Seller of
             ------------------------
this  Agreement  and each other transaction document to which Seller is a party,
the  consummation  by Seller of the transactions contemplated hereby and thereby
and  compliance  by Seller with the terms hereof and thereof do not and will not
conflict  with, or result in any violation of or default (with or without notice
or  lapse  of  time,  or  both)  under,  or give rise to a right of termination,
cancellation  or acceleration of any obligation or to loss of a material benefit
under,  or  result  in  the  creation  of any Lien upon the Membership Interests
under, any provision of (i) the organizational documents of Seller,  the Company
or  any of its Subsidiaries; (ii) any contract, agreement or instrument to which
Seller  is  a party or by which its properties or assets is subject to or bound;
(iii)  any  contract, agreement or instrument to which the Company or any of its
Subsidiaries is a party or by which any of their properties or assets is subject
to  or bound; or (iv) any injunction, judgment, order, ruling, charge, or decree
applicable  to  Seller, the Company or any of its Subsidiaries, their respective
assets,  or  any Applicable Law, other than, in the case of clause (ii) or (iii)
above,  any  such  items  disclosed  on  Section 4.3 of the Disclosure Schedule.
Except  as  disclosed  on Section 4.3 of the Disclosure Schedule and except with
respect to the required filing under the HSR Act, no consent, approval, license,
order  or  authorization  of,  or  registration, declaration or filing with, any
Governmental Authority or any other Person is required to be obtained or made by
or  with respect to Seller, the Company or any of its Subsidiaries in connection
with  Seller's  execution  and delivery of this Agreement or the consummation by
Seller  of the transactions contemplated hereby.  This Section does not apply to
the  Project  Finance  Agreements,  or  consents, approvals, licenses, orders or
authorizations  of,  or  registrations,  declarations  or  filings in connection
therewith,  all  of  which  are  the  subject  of  separate  provisions  of this
Agreement.

                                       19
<PAGE>
     4.4     LITIGATION.  There  is no action, suit or proceeding pending or, to
             ----------
the  Knowledge  of Seller, threatened against Seller that questions the validity
of  this Agreement or any other transaction document to which Seller is a party,
or  the  right  of  Seller to enter into this Agreement or any other transaction
document  to  which  Seller  is  a  party,  or  to  consummate  the transactions
contemplated  hereby  or  thereby.

     4.5     OWNERSHIP OF MEMBERSHIP INTERESTS.  Seller has good and valid legal
             ---------------------------------
and  beneficial  title to the Membership Interests, free and clear of all Liens.
Seller  is  not  a  party  to  or  bound  by  any  options,  calls, contracts or
commitments of any character relating to any issued or unissued interests in the
Company  or  any  other  debt  or  equity security issued or to be issued by the
Company,  including  any agreement, instrument or understanding, order or decree
that  would restrict the transfer by Seller of the Membership Interests pursuant
to this Agreement.  There are no voting trusts, proxies or other agreements with
respect  to  the  voting  of the Membership Interests.  There are no outstanding
capital  contribution obligations with respect to the Membership Interests.  The
Membership  Interests  are  not  registered  under  the  Securities  Act  or any
applicable  blue  sky  or state securities laws and were not required, under the
circumstances in which they were issued to Seller, to be so registered.

     4.6     PROJECT  FINANCE  DOCUMENTS.  Neither  Seller  nor  any  of  its
             ---------------------------
Affiliates (a) is in default under any of those certain loan agreements or other
arrangements  (the  "PROJECT  FINANCE  AGREEMENTS")  under which the Company has
provided  guaranties  (the  "PROJECT  FINANCE GUARANTIES" and, together with the
Project  Finance  Agreements,  the  "PROJECT  FINANCE  DOCUMENTS")  as  are more
specifically  set  forth on Section 4.6 of the Disclosure Schedule, and there is
no  material  breach  or  default on the part of Seller or any of its Affiliates
that,  with  notice  or lapse of time, or both, would constitute a default under
any  of  the  Project  Finance  Documents  or  give any other party any right to
terminate, cancel, accelerate or modify any of the Project Finance Documents, or
(b)  has  received Notice that any party to any of the Project Finance Documents
intends  to  terminate,  cancel, accelerate or modify any of the Project Finance
Documents.  The  Seller  has  delivered to Purchaser true and complete copies of
all  Project  Finance  Documents pursuant to which the Company or any Subsidiary
has  or  may  have  direct  liability  to  any third party, and all such Project
Finance  Documents  are identified on Section 4.6(b) of the Disclosure Schedule.
Except  as  disclosed  on Section 4.6 of the Disclosure Schedule, as of the date
hereof,  none  of the Project Finance Documents have been amended or modified in
any manner since the date on which copies of such Project Finance Documents were
provided  or  made  available  to  Purchaser.

                                    ARTICLE V
                                    ---------

                     SELLER'S REPRESENTATIONS AND WARRANTIES
                   REGARDING THE COMPANY AND ITS SUBSIDIARIES
                   ------------------------------------------

     Seller  represents  and  warrants  to JLL and Purchaser that, except as set
forth in the Disclosure Schedule, the statements contained in this Article V are
true  and  correct as of the date of this Agreement and will be true and correct
as  of  the  Closing as though made as of the Closing, except to the extent such
representations and warranties are specifically made as of a particular date (in
which  case  such  representations and warranties will be true and correct as of
such  date).  The  Disclosure  Schedule  shall  be  arranged  in  sections  and
subsections  corresponding to the numbered and lettered sections and subsections
contained  in  this  Article V.  The disclosures in any section or subsection of
the Disclosure Schedule shall qualify the corresponding section or subsection in
this Article V and such other sections or subsections to the extent specifically
cross  referenced  by  section  number  of  the  Disclosure  Schedule.

                                       20
<PAGE>
     5.1     DUE  ORGANIZATION,  STANDING  AND  POWER.  The Company is a limited
             ----------------------------------------
liability  company  duly  organized, validly existing and in good standing under
the  laws of the State of Delaware.  Each of the Subsidiaries is duly organized,
validly  existing and in good standing under the laws of the jurisdiction of its
formation  or  organization as is more particularly identified in the definition
of  "Subsidiaries"  set  forth  herein.  The  Company has full limited liability
company  power  and  authority,  and each of the Subsidiaries has full power and
authority  as  a  limited  partnership  (for those Subsidiaries that are limited
partnerships) or as a limited liability company (for those Subsidiaries that are
limited  liability  companies)  and as a general partnership (for the Subsidiary
that  is  a  general  partnership),  and  possesses all governmental franchises,
licenses,  Permits,  authorizations and approvals necessary to enable it to own,
lease  or  otherwise  hold  its  respective assets and to conduct its respective
Business  as  presently conducted.  The Company is duly qualified to do business
as  a  foreign  limited  liability  company and each of its Subsidiaries is duly
qualified  to  do business as a foreign limited partnership in each jurisdiction
set  forth  on Section 5.1 of the Disclosure Schedule, which constitute the only
jurisdictions  where the character of the assets held by it or the nature of its
business  make  such  qualification  necessary for it to conduct the Business as
currently conducted by it, except where the failure to be so qualified would not
reasonably  be  expected  to  have  a  Company  Material  Adverse  Effect.

     5.2     SUBSIDIARIES.
             ------------

          (a)     Except as set forth on Section 5.2 of the Disclosure Schedule,
     the  Company  holds  of  record and owns beneficially a ninety nine percent
     (99%)  limited  partnership  interest of each of S&S Boston Construction LP
     and  Spaulding  &  Slye  Construction  LP  and a one hundred percent (100%)
     equity  ownership  interest of each other Subsidiary, free and clear of any
     Liens  other  than  Permitted Liens and any restrictions on transfer (other
     than  restrictions  under  the  Securities  Act and state securities laws).
     There  are no outstanding or authorized options, warrants, purchase rights,
     subscription rights, conversion rights, exchange rights, or other contracts
     or  commitments  that  could  require  the  Company  to  sell, transfer, or
     otherwise  dispose  of  any  ownership  or  equity  interests in any of its
     Subsidiaries  or  that  could  require  any  Subsidiary  to issue, sell, or
     otherwise  cause  to  become outstanding any of its own ownership or equity
     interests.  There  are  no  outstanding  equity  appreciation,  profit
     participation,  or similar rights with respect to any Subsidiary. There are
     no  authorized  options,  warrants,  purchase  rights,  pre-emptive rights,
     subscription  rights,  exchange  rights,  conversion rights, commitments or
     agreements  for  the  purchase  or  acquisition  of any ownership or equity
     interests  in,  or other securities of, any Subsidiary. There are no voting
     trusts,  proxies, or other agreements or understandings with respect to the
     voting of any ownership or equity interests of any Subsidiary.

                                       21
<PAGE>
          (b)     Except  as  sent  forth  on  Section  5.2  of  the  Disclosure
     Schedule,  no  Subsidiary  is a party to, or otherwise subject to any legal
     restriction  or any agreement restricting the ability of such Subsidiary to
     pay  dividends  out  of  profits or make any other similar distributions of
     profits  to  any  owner of ownership of equity interests of such Subsidiary
     and,  except  as  set  forth  on Section 5.2(c) of the Disclosure Schedule,
     neither  the  Company  nor  any  Subsidiary owns any equity interest in any
     Other  Person

          (c)     The  Company has, no subsidiaries other than the Subsidiaries.

     5.3  CAPITALIZATION.
          --------------

          (a)     The  Membership  Interests  constitute  all  of the issued and
     outstanding  membership  interests  of  the  Company, all of which are held
     beneficially  and  of  record  by  Seller.

          (b)     Except  for the rights granted to Purchaser by this Agreement,
     there  are no outstanding or authorized options, warrants, purchase rights,
     pre-emptive  rights,  subscription  rights,  exchange  rights,  conversion
     rights,  commitments  or  agreements  (contingent  or  otherwise)  for  the
     purchase or acquisition of any membership interests in, or other securities
     of,  the  Company.  There  are  no  outstanding  or  authorized  equity
     appreciation,  profit  participation, or similar rights with respect to the
     Company.

     5.4     FINANCIAL  INFORMATION.  The  audited consolidated balance sheet of
             ----------------------
the Company and its Subsidiaries as at December 31, 2004 (said December 31, 2004
balance  sheet  being referred to herein as the "BALANCE SHEET" and December 31,
2004  being  referred  to  herein  as  the "BALANCE SHEET DATE") and the related
consolidated  statements  of  operations,  cash flows and members' equity of the
Company  and  partners  equity  of its Subsidiaries for the twelve-month periods
ended  on the respective dates of such balance sheet, a copy of each of which is
attached  hereto as Section 5.4 of the Disclosure Schedule:  (a) fairly present,
in  all  material  respects,  the  financial  condition  of  the Company and its
Subsidiaries  as  of the respective dates of such balance sheets and the results
of their operations and cash flows for the periods covered by such statements of
operation;  and  (b)  have  been  prepared  in accordance with GAAP consistently
applied  and  utilizing  the  same  assumptions,  procedures and methods as were
utilized  in  the preparation of the financial statements of the Company and the
Subsidiaries  as  at December 31, 2003 and for the twelve (12) month period then
ended.  The  unaudited  consolidated  balance  sheet  of  the  Company  and  its
Subsidiaries  at September 30, 2005 (said balance sheet being referred to herein
as the "LATEST BALANCE SHEET" and September 30, 2005 being referred to herein as
the  "LATEST  BALANCE  SHEET  DATE")  and  the  related  unaudited  consolidated
statements  of  operations,  cash  flows  and  members equity of the Company and
partners  equity  of  its Subsidiaries for the comparable nine-month period then
ended  (the  "LATEST FINANCIAL STATEMENTS"), a copy of each of which is attached
hereto  as  Section 5.4B of the Disclosure Schedule:  (c) fairly present, in all
material  respects,  the financial condition of the Company and its Subsidiaries
and  the  results  of their operations and cash flows as of the date and for the
period  then  ended;  and  (d)  have  been  prepared  in  accordance  with  GAAP
consistently  applied and utilizing the same assumptions, procedures and methods
as  were  utilized in the preparation of the financial statements of the Company
and  the  Subsidiaries  as  at  December  31, 2004 and for the twelve (12) month
period  then ended, except that they do not contain all the footnote disclosures
required  by  GAAP  and  except  for  normal  year-end  audit  adjustments.  All
Liabilities  of  the Company and its Subsidiaries at the Balance Sheet Date, are
reported  in  the  Balance  Sheet  to  the  extent  required  by  GAAP.

                                       22
<PAGE>
     5.5     ABSENCE  OF UNDISCLOSED LIABILITIES.  The Company does not have any
             -----------------------------------
Liabilities  (whether  accrued,  absolute,  contingent,  accrued  or  otherwise,
whether  due  or  to  become  due  and  regardless of by whom asserted) that are
required  by  GAAP  to  be  disclosed  on  a  balance  sheet  other than (i) the
Liabilities  disclosed  on  Section  5.5  of  the  Disclosure  Schedule;  (ii)
Liabilities  under  any  of  the transaction documents to which the Company is a
party;  (iii) Liabilities reflected in the Latest Financial Statements; and (iv)
Liabilities  reflected  in  the  Closing Date Balance Sheet.  Section 5.5 of the
Disclosure  Schedule  includes a description of any Liabilities required by GAAP
to  be  disclosed  on  a  balance  sheet or in the notes thereto, other than (a)
Liabilities  under  any  of  the transaction documents to which the Company is a
party;  (b)  Liabilities  reflected  in the Latest Financial Statements; and (c)
Liabilities reflected in the Closing Date Balance Sheet.

     5.6     ORDINARY  COURSE;  NO  MATERIAL  ADVERSE  CHANGE.  Since January 1,
             ------------------------------------------------
1999,  neither  the Company nor any of its Subsidiaries has engaged in any other
business  other  than  its  respective Business.  The respective Business of the
Company  and  its  Subsidiaries  has  been  conducted  in the Ordinary Course of
Business  since  the  Balance  Sheet  Date.  Except  as  set forth in the Latest
Financial  Statements or as set forth on Section 5.6 of the Disclosure Schedule,
neither  the  Company  nor  any  of its Subsidiaries have suffered any change in
their  respective  Business,  operations,  condition (financial or otherwise) or
prospects  subsequent  to  the  Balance  Sheet Date which individually or in the
aggregate  would  reasonably  be  expected  to  have  a Company Material Adverse
Effect.

     5.7     ACCOUNTS  RECEIVABLE.  The  accounts  receivable of the Company and
             --------------------
its  Subsidiaries  as  of  the  Latest  Balance  Sheet  Date represent bona fide
indebtedness  incurred by account debtors that, to the Seller's Knowledge, arose
in the Ordinary Course of Business of the Company and its Subsidiaries.

     5.8     MATERIAL  CONTRACTS.
             -------------------

          (a)     Section  5.8(a)  of  the  Disclosure  Schedule  sets  forth an
     accurate  and  complete  list  of the following Contracts pertaining to the
     Business  to  which the Company or any of the Subsidiaries is a party or by
     which any of their respective assets is bound as of the date hereof:

               (i)     any  Contract  other than a Construction Contract as that
          term  is  defined  in  Section 5.30 below having an aggregate value in
                                 ------------
          excess  of  Five  Hundred  Thousand  ($500,000)  or  that is otherwise
          material  and is not terminable on notice of thirty (30) days or less;

                                       23
<PAGE>
               (ii)     any  Contract  with  any  employee,  officer, manager or
          director of the Company or any Subsidiary having an aggregate value in
          excess  of  Two  Hundred  and  Fifty  Thousand  Dollars  ($250,000);

               (iii)     any  consulting  agreement having an aggregate value in
          excess  of  Two  Hundred  and  Fifty  Thousand  Dollars  ($250,000);

               (iv)     any  trust  indenture,  mortgage,  promissory note, loan
          agreement  or  other  Contract  relating to the borrowing of funds, an
          extension of credit or financing or the pledging of assets, other than
          trade  payables  incurred  in  the  ordinary  course  of  business;

               (v)     any  Contract  limiting the freedom of the Company or any
          Subsidiary  to  engage  in any line of business or to compete with any
          other  Person,  or  any  confidentiality,  secrecy  or  non-disclosure
          Contract  not  made  in  the  ordinary  course  of  business;

               (vi)     bonds or any agreement of support or indemnification of,
          or  any  similar  commitment  with  respect to, the liabilities of any
          other  Person  in  an  amount  in  excess  of  One  Million  Dollars
          ($1,000,000)  in  the  aggregate,  or  any  agreement  of  guarantee,
          assumption  or  endorsement of, or any similar commitment with respect
          to the liabilities of any Person, other than endorsement of checks and
          customer  agreements  made  in each case in the ordinary course of the
          Business  and  consistent  with  past  practice;

               (vii)     any  Contract  providing  for  a  joint  venture  or
          partnership  with  any  other  Person;

               (viii)     any  collective  bargaining  agreement  with any labor
          union  or  representative  of  employees;

               (ix)     any  Contract  with a sales representative, distributor,
          dealer,  broker,  sales  agency,  advertising  agency  or other Person
          engaged  in  sales,  distributing  or  promotional  activities, or any
          Contract  to  act  as  one  of  the foregoing on behalf of any Person;

               (x)     any "take or pay" Contract (which requires the Company or
          any  Subsidiary  to  pay for goods or services whether or not accepted
          from  a  supplier);

               (xi)     any  derivative  and/or  hedging  Contract;

               (xii)     any  Contract with any Governmental Authority having an
          aggregate  value  in  excess  of  Five  Hundred  Thousand  ($500,000);

               (xiii)     any  power of attorney or agency agreement pursuant to
          which  a Person other than an authorized representative of the Company
          or  a  Subsidiary  is granted the authority to act for or on behalf of
          the  Company  or such Subsidiary, or the Company or such Subsidiary is
          granted  the  authority  to  act  for  or  on  behalf  of  any Person;

                                       24
<PAGE>
               (xiv)     any  Contract relating to the Computer System having an
          aggregate  value  in  excess of Two Hundred and Fifty Thousand Dollars
          ($250,000);

               (xv)     any  Contract  for  capital improvements or expenditures
          having  an aggregate value in excess of Two Hundred and Fifty Thousand
          Dollars  ($250,000);

               (xvi)     leases  (as  lessor  or  lessee)  of  real  or personal
          property  requiring  an  annual  payment  in excess of Two Hundred and
          Fifty  Thousand  Dollars  ($250,000);

               (xvii)     any  Contract  or  commitment relating to political or
          charitable  contributions  or  donations;  and

               (xviii)     any  Contract  or  arrangement  involving  any
          restrictions  with  respect  to the geographical area of operations or
          scope  or  type  of  business  of  the  Company  or  any  Subsidiary.

          (b)     Except  as  set  forth  on  Section  5.8(b)  of the Disclosure
     Schedule:  (i)  all  of the Material Contracts are in full force and effect
     and constitute the legal, valid and binding obligations of the Company or a
     Subsidiary,  as  the  case  may  be,  and, to Seller's Knowledge, the other
     parties thereto; (ii) all of the Material Contracts are enforceable against
     the  Company or a Subsidiary and, to Seller's Knowledge, against each other
     party  thereto  in  accordance  with their respective terms, except as such
     enforceability  may  be  limited  by  applicable  bankruptcy,  insolvency,
     moratorium,  reorganization  or  similar  laws  affecting  the  rights  of
     creditors  generally  and  by  equitable limitations on the availability of
     specific  remedies;  (iii)  neither the Company nor any of its Subsidiaries
     (a)  is  in default under any Material Contract, and to Seller's Knowledge,
     there  is  no  material  breach  on  the  part of the Company or any of its
     Subsidiaries  that, with notice or lapse of time, or both, would constitute
     a  default under any Material Contract or give any other party any right to
     terminate,  cancel,  accelerate  or  modify  any Material Contract, (b) has
     received  Notice  that any party to any Material Contract intends to cancel
     or  terminate  any of these Contracts or to exercise or not to exercise any
     renewal or extension options or rights under any Material Contract, and (c)
     has  waived or failed to exercise any material renewal or extension options
     or  rights under any Material Contract. Complete and accurate copies of all
     Material Contracts have been delivered to the Purchaser by the Company and,
     with  respect  to  Construction  Contracts,  have  been  delivered  or made
     available  to  the  Purchaser  by  the  Company.

     5.9     BOOKS  AND  RECORDS.  The  books  of  account, minute books, equity
             -------------------
ownership  record books and other files, data and records of the Company and its
Subsidiaries including tax records (collectively, the "COMPANY'S RECORD BOOKS"),
true  copies  of  which  have  been  provided  or  made  available to Purchaser,
accurately  reflect  in all material respects the assets, liabilities, business,
financial  condition,  and  results  of  operations  of  the  Company  or  such
Subsidiary,  and  have  been  maintained  in  accordance  with good business and
bookkeeping  practices  and  Applicable  Law.

                                       25
<PAGE>
     5.10     LEGAL  PROCEEDINGS.  Except  as  set  forth in Section 5.10 of the
              ------------------
Disclosure  Schedule,  there  are no Proceedings pending or, to the Knowledge of
Seller,  threatened  in  any  court  or before or by any Governmental Authority,
arbitrator,  board or authority against or affecting the Company, any Subsidiary
or  any of the assets of any of the foregoing involving any claim in any amount.

     5.11     PERMITS.  Each  Permit is in full force and effect, is final, and,
              -------
based on current regulations, is not subject to appeal or judicial, governmental
or other review.  The consummation of the transactions contemplated hereby shall
not  affect  the  effectiveness  of  any  such  Permit.  The  Company  and  its
Subsidiaries  have or possess all Permits, except for those the absence of which
have  not  had  and  would not reasonably be expected to have a Company Material
Adverse  Effect.

     5.12     REAL  PROPERTY.
              --------------

          (a)     Neither  the Company nor any of its Subsidiaries owns any real
     property.

          (b)     Section  5.12 of the Disclosure Schedule sets forth a complete
     and  accurate  list  as  of the date of this Agreement of all real property
     leased,  subleased or licensed by the Company or any of its Subsidiaries as
     lessee,  sublessee  or  licensee  (collectively  "COMPANY  LEASES") and the
     location  of  the premises. Neither the Company nor any of its Subsidiaries
     nor,  to  Seller's  Knowledge,  any  other party to any Company Lease is in
     material  default  under  any of the Company Leases. Except as set forth in
     Section 5.12 of the Disclosure Schedule, neither the Company nor any of its
     Subsidiaries leases, subleases or licenses as lessor, sublessor or licensor
     any  real  property  to  any person. The Company has delivered to the Buyer
     complete  and  accurate  copies  of  all  Company  Leases.

     5.13     ENVIRONMENTAL  MATTERS.
              ----------------------

          (a)     The  Company  and  each  of its Subsidiaries has complied with
     applicable  Environmental  Laws  in  connection  with  the  conduct  of its
     respective  business.  To  Seller's  Knowledge, the properties currently or
     previously  owned,  leased  or  operated  by  the  Company  or  any  of its
     Subsidiaries other than in its capacity as a manager of a property which is
     owned by an unaffiliated third party (including soils, groundwater, surface
     water,  buildings  or  other  structures)  are  not  contaminated  with any
     Hazardous  Materials in an amount or concentration (i) that would give rise
     to  an obligation to act or disclose that condition under any Environmental
     Law,  except  to  the  extent  that  such contamination has previously been
     disclosed  to  the  appropriate  Governmental  Authority  and  addressed in
     satisfaction  with  applicable  Environmental Laws, or (ii) that reasonably
     would  be  expected  to  give rise to any liability or obligation under any
     Environmental  Law.  Neither  the  Company  nor any of its Subsidiaries has
     received  a written notice, demand, information request, suit or claim that
     (x)  it  is  or  may be subject to any liability for any Hazardous Material
     disposal  or  (y)  contamination  in  violation  of  any  Environmental Law
     requires  any further action by the Company or a Subsidiary or has not been
     remediated  or  otherwise  addressed  in compliance with Environmental Law.
     Neither  the Company nor any of its Subsidiaries has released any Hazardous
     Material  into  the environment except in the normal course of its business
     and  in  compliance  with Environmental Law. Neither the Company nor any of
     its  Subsidiaries  has  received  or  is  subject to any orders, decrees or
     injunctions  by  any  Governmental  Entity  addressing  liability under any
     Environmental  Law,  except  insofar as the matter has been resolved by the
     Company  in  compliance with Environmental Law. Neither the Company nor any
     of  its  Subsidiaries  has  managed  or  otherwise been responsible for any
     residential property that had lead paint or asbestos on or in the property,
     other  than  those  that  have  been  remediated  or otherwise addressed in
     compliance  with  Environmental  Law.  Neither  Company  nor  any  of  its
     Subsidiaries  has received any notice, complaint, request for compensation,
     demand,  information  request, suit or claim related to injury from, or the
     presence,  of  any  Hazardous  Material,  including but not limited to lead
     paint,  asbestos,  mold,  or indoor air pollutants, except those which have
     been  satisfied  or addressed in accordance with Environmental Law. Neither
     the  Company  nor  any  of  its  Subsidiaries  has  received any demand for
     environmental  indemnification  from  any  lender  or  participant  in  any
     project.  None  of  the  construction or construction management activities
     undertaken  by  the  Company  or  any  of its subsidiaries have exacerbated
     pre-existing  conditions  relating  to Hazardous Materials in a manner that
     reasonably  would be expected to give rise to liability under Environmental
     Law.

                                       26
<PAGE>
          (b)     There  are  no pending and there have been no past, and/or, to
     the  Knowledge  of  Seller, threatened (x) Environmental Claims or requests
     for  information  received by the Company or any Subsidiary with respect to
     any alleged violation of any Environmental Law; or (y) Environmental Claims
     or  requests  for  information  received  by  the Company or any Subsidiary
     regarding  potential  liability  under  any Environmental Law, in each case
     which have not been satisfied or addressed in accordance with Environmental
     Law.

          (c)     The  Company  and  each  Subsidiary  has been issued and is in
     material  compliance  with  all  Permits  relating to environmental matters
     which are necessary or desirable for their respective businesses.

          (d)     The parties agree that the only representations and warranties
     of  Seller,  the  Company,  and  any Subsidiary in this Agreement as to any
     environmental  matters  or any other obligation or liability, including any
     obligation  under  any  environmental  indemnity, with respect to Hazardous
     Materials or materials of environmental concern are those contained in this
     Section  5.13.  Without limiting the generality of the foregoing, Purchaser
     specifically acknowledges that the representations and warranties contained
     in Sections 5.10 and 5.14 do not relate to environmental matters.

     5.14     COMPLIANCE  WITH  GOVERNMENTAL  REQUIREMENTS.  Neither the Company
              --------------------------------------------
nor  any  Subsidiary  has (i) violated any Governmental Requirements and no such
violation  has  been alleged pursuant to Notice from any Governmental Authority;
(ii)  failed  to  file  in  a  timely  manner  all  reports, documents and other
materials  required  to  be filed by it with any Governmental Authority (and the
information  contained  in each of such filings is true, correct and complete in
all  material  respects);  or  (iii)  failed to retain all records and documents
required  to  be  retained  by  it  pursuant  to  any  Governmental Requirement.

                                       27
<PAGE>
     5.15     EMPLOYMENT  MATTERS.  Prior  to the execution and delivery of this
              -------------------
Agreement,  the  Company  has  delivered  or made available to Purchaser a true,
complete  and accurate list (the "KEY EMPLOYEE LIST") as of a recent date of the
names,  titles,  current  status  (active  or  on  leave  of  absence),  annual
compensation  and  all  bonuses  and  similar  payments  made for the year ended
December  31,  2004 for each Person who is a director, manager, officer or other
employee  of  the  Company  or  any of the Subsidiaries on the date hereof whose
annual  compensation  exceeded  Two  Hundred Thousand Dollars ($200,000) for the
year  ended  December  31,  2004.    Except  as disclosed on Section 5.15 of the
Disclosure  Schedule:  (a)  there is no, and during the past two years there has
been  no,  labor strike, picketing, slow-down, work stoppage or grievance filing
or  proceeding  actually  pending  or,  to  the  Knowledge of Seller, threatened
against  or  involving  the  Company  or  any Subsidiary; and (b) as of the date
hereof  neither  the  Company nor any Subsidiary has received Notice that any of
the  employees  listed  on  the  Key  Employee  List  intends  to  terminate his
employment  with  the  Company or any Subsidiary or would not be willing to work
for  Purchaser.  Except as set forth in Section 5.15 of the Disclosure Schedule,
no  employee  is  represented  by  a  union,  labor  organization  or collective
bargaining  unit  certified  by  the  National  Labor  Relations Board ("NLRB").
Within  the  five  (5)  year  period prior to the date hereof, no representation
election petition has been filed by any employee (in his capacity as an employee
of  the  Company  or  any  Subsidiary)  or is pending with the NLRB and no union
organizing  campaign  involving  or  affecting  any employee has occurred, is in
progress  or  is  threatened.  Within the five (5) year period prior to the date
hereof, no NLRB unfair labor practice charge (or litigation alleging such claim)
has  been filed or threatened or is presently pending against the Company or any
Subsidiary  relating  to  an employee.  Within the five (5) year period prior to
the  date  hereof,  no  grievance  or  arbitration  demand, whether or not filed
pursuant  to  a collective bargaining contract, with respect to an  employee has
been  filed  or  threatened or is pending against the Company or any Subsidiary.
Except  as  set forth in Section 5.15 of the Disclosure Schedule, no employee of
the  Company or any Subsidiary has any contractual right to continued employment
with,  or  retention  by,  the  Company or any Subsidiary.  The Company and each
Subsidiary  has  complied and is in compliance in all material respects with all
laws  relating to labor and employment practices, including all laws relating to
terms  and  conditions  of  employment,  wages,  hours,  collective  bargaining,
workers'  compensation,  occupational  safety  and  health,  equal  employment
opportunity and immigration, and is not, and has not previously been, engaged in
any  unfair  labor  or  unlawful  employment  practice.  Except  as set forth in
Section  5.15  of  the  Disclosure  Schedule,  there is no agreement, written or
otherwise,  between  any  employee  of  the  Company  or any Subsidiary whereby,
pursuant  to the terms of such agreement, the Company or such Subsidiary, as the
case  may  be, shall incur or suffer any liability for severance, termination or
other payments to any such employee by virtue of the execution of this Agreement
or  any  other  transaction  document  and  the  consummation of any transaction
contemplated  hereby  or  thereby.

                                       28
<PAGE>
     5.16     EMPLOYEE  BENEFITS.  Section  5.16  of  the  Disclosure  Schedule
              ------------------
contains  a  complete list, as of the date hereof, of each Benefit Plan.  Except
as  set  forth  on Section 5.16 of the Disclosure Schedule, the Company and each
Subsidiary  has provided or made available to Purchaser true and complete copies
of each Benefit Plan sponsored or maintained by the Company or any Subsidiary or
in  which  the  Company  or  any Subsidiary participates and with respect to any
Benefit  Plan  that  is  sponsored  by the Company or any Subsidiary (a "COMPANY
SPONSORED  BENEFIT  PLAN")  all  contracts  relating  thereto, or to the funding
thereof,  including,  without  limitation,  all  trust  agreements,  insurance
contracts,  administration  contracts,  investment  management  agreements,
subscription  and participation agreements and recordkeeping agreements, each as
in effect on the date hereof.  In the case of any Company Sponsored Benefit Plan
that  is  not  in written form, the Purchaser has been supplied with an accurate
written  description  of such Company Sponsored Benefit Plan as in effect on the
date  hereof.  A  true  and  correct  copy  of  the  most  recent annual report,
actuarial  report,  accountant's  opinion  of  the  plan's financial statements,
summary  plan description and Internal Revenue Service determination letter with
respect  to  each  Company Sponsored Benefit Plan, to the extent applicable, has
been  supplied  to  the  Purchaser,  and  there  have been no materially adverse
changes  in  the financial condition in the respective plans from that stated in
the  annual  reports  and  actuarial  reports  supplied.

     Except as disclosed on Section 5.16 of the Disclosure Schedule:

          (a)     All  Benefit  Plans  have  been maintained and administered in
     form  and  in  operation  in all material respects in accordance with their
     terms  and  with all applicable requirements of law (including, in the case
     of  any  Benefit  Plan  which  is  an  employee  pension  benefit plan, the
     requirements  of  sections  401(a)  and  501(a) of the Code), and no notice
     issued  by  any  Governmental  Authority  questioning  or  challenging such
     compliance  has  been received by the Company or any Subsidiary and, to the
     Knowledge  of  Seller,  no  event  has  occurred  which could reasonably be
     expected  to  cause  any  Benefit  Plan  to  fail  to  comply  with  such
     requirements.

          (b)     Each  Benefit  Plan  which is an employee pension benefit plan
     intended to qualify under Code section 401(a) is the subject of a favorable
     determination letter issued by the IRS with respect to the qualified status
     of  such plan under section 401(a) of the Code and the tax-exempt status of
     any trust which forms a part of such plan under section 501(a) of the Code;
     all  amendments  to  any  such plan for which the remedial amendment period
     (within  the  meaning  of  section  401(b)  of  the  Code  and  applicable
     regulations)  has  expired  are  covered  by  a favorable IRS determination
     letter.

          (c)     None  of  the  assets  of  any  Benefit  Plan  are invested in
     employer  securities  or  employer  real  property.

          (d)     There have been no Prohibited Transactions with respect to any
     Benefit  Plan and neither the Company nor any Subsidiary has engaged in any
     Prohibited  Transaction.

                                       29
<PAGE>
          (e)     There  have  been  no  acts or omissions by the Company or any
     Subsidiary  or any of its respective ERISA Affiliates which have given rise
     to fines, penalties, taxes or related charges under section 502 of ERISA or
     Chapters  43,  47,  68  or  100  of  the  Code for which the Company or any
     Subsidiary  may  be  liable.

          (f)     None  of the payments contemplated by the Benefit Plans would,
     with  respect  to  any  employees  of the Company or any Subsidiary, in the
     aggregate, constitute excess parachute payments (as defined in section 280G
     of the Code (without regard to subsection (b)(4) thereof)).

          (g)     There  are  no  actions,  suits  or claims (other than routine
     claims  for  benefits)  pending  or, to the Knowledge of Seller, threatened
     involving  any  Benefit Plan or the assets thereof and no facts exist which
     could  give  rise  to any such actions, suits or claims (other than routine
     claims  for  benefits).

          (h)     With  respect  to any Benefit Plan that is subject to Title IV
     of  ERISA:  (i) there has been no reportable event (as described in section
     4043  of  ERISA); (ii) no steps have been taken to terminate any such plan;
     (iii)  there  has been no withdrawal (within the meaning of section 4063 of
     ERISA)  of  a  "substantial  employer" (as defined in section 4001(a)(2) of
     ERISA);  and (iv) no event or condition has occurred which would reasonably
     be  expected  to  constitute  grounds  under  section 4042 of ERISA for the
     termination of or the appointment of a trustee to administer any such plan.

          (i)     Neither  the  Company  nor any Subsidiary has any liability or
     contingent  liability  for  providing, under any Benefit Plan or otherwise,
     any  post-retirement  medical  or  life  insurance  benefits,  other  than
     statutory  liability  for providing group health plan continuation coverage
     under  Part  6  of  Title  I  of  ERISA  and  section  4980B of the Code or
     applicable  state  law.

          (j)     There  has  been  no  act  or  omission  that would impair the
     ability  of  the  Company  or  any Subsidiary (or any successor thereto) to
     unilaterally  amend  or  terminate  any Benefit Plan, subject to compliance
     with applicable law or the provisions of such Benefit Plan.

          (k)     Neither  the Company nor any Subsidiary contributes to, or has
     contributed to, has any liability, contingent or otherwise, with respect to
     a  "multiemployer plan", as such term is defined in section 3(37) of ERISA.

     5.17     TAXES.  Except  as  set  forth  on  Section 5.17 of the Disclosure
              -----
Schedule:

          (a)     the  Company  and  its  Subsidiaries  have (i) duly and timely
     filed  or caused to be filed with each relevant Tax Authority each material
     Tax  Return  that  they  were required to file, and each such Tax Return is
     true,  correct  and complete in all material respects, (ii) duly and timely
     paid  in  full or caused to be paid in full, all Taxes due and payable, and
     no tax liens other than Permitted Liens, have been filed and no claims have
     been  asserted  in  writing  against  the  Company or any Subsidiary or any
     properties  of  the  Company  or  any Subsidiary that have not been paid or
     resolved,  and  (iii)  has properly accrued on the books and records of the
     Company  and  its  Subsidiaries in accordance with GAAP a provision for the
     payment  of  all Taxes due or claimed to be due or for which the Company or
     any  of  its  Subsidiaries  otherwise  is  or  may  be  liable;

                                       30
<PAGE>
          (b)     neither  the Company nor any of its Subsidiaries has requested
     an  extension of time within which to file any Tax Return in respect of any
     Tax  period  which  has  not  since  been  filed;

          (c)     each  of  the Company and its Subsidiaries has complied in all
     respects  with  all  applicable laws relating to the payment, collection or
     withholding  of  any  Tax,  and  the  remittance thereof to any and all Tax
     Authorities,  including, but not limited to, Code sections 1441, 1442, 1445
     and  3402;

          (d)     none  of  the  Company nor any of its Subsidiaries is, or ever
     has been, a Party to any Tax allocation, Tax indemnification or Tax sharing
     contract  or  agreement;

          (e)     no  Tax  Proceeding  has  occurred  within the three (3) years
     prior  to  the date of this Agreement or is pending, or proposed in writing
     with  respect to any Tax, the payment, collection or withholding of any Tax
     or  any  Tax  Return  filed  by  or  on behalf of the Company or any of its
     Subsidiaries;

          (f)     none  of  the  Tax  Returns  of  the  Company  or  any  of its
     Subsidiaries  is  under  audit;

          (g)     the Company is a disregarded entity for all federal, state and
     local  income  tax  purposes;

          (h)     each  Subsidiary  is  classified  as  a  partnership  for  all
     federal,  state  and  local  income  tax  purposes;

          (i)     there  is  no  power of attorney in effect relating to any Tax
     for  which  the  Company  or  any  of its Subsidiaries is or may be liable;

          (j)     no  jurisdiction  where the Company or any of its Subsidiaries
     does  not  file  a  Tax  Return  has asserted in writing any claim that the
     Company  or  any  of  its Subsidiaries is required to file a Tax Return for
     such  jurisdiction;

          (k)     the  Company  and  its  Subsidiaries  have  made  available to
     Purchaser (i) a true, correct and complete copy of each material Tax Return
     filed  by  or  on  behalf  of  the  Company  or any Subsidiary prior to the
     Closing,  together  with  all underlying work papers and analyses, and (ii)
     all  audit  reports,  closing  agreements,  rulings,  or  technical  advice
     memoranda  relating  to  any  Tax  for  which  the  Company  or  any of its
     Subsidiaries  is  or  may  be  liable.

     5.18     ACCOUNTS PAYABLE AND OTHER ACCRUED EXPENSES.  The accounts payable
              -------------------------------------------
and other accrued expenses included among the Liabilities of the Company and its
Subsidiaries  represent  bona  fide  obligations incurred by the Company and its
Subsidiaries, which arose in the Ordinary Course of Business.

                                       31
<PAGE>
     5.19     PROHIBITED  PAYMENTS.  To  the  Knowledge  of  Seller, neither the
              --------------------
Company  nor  any  officer  or employee, or other person acting on behalf of the
Company  has  used  any  of  the  Company's  funds  for  unlawful contributions,
payments, gifts, or entertainment, or made any unlawful expenditures relating to
political  activity  to  governmental  officials  (U.S. or foreign) or others or
established  or  maintained  any  unlawful  or  unrecorded funds in violation of
Section  30A  of the Exchange Act (assuming the applicability of such section to
Seller).

     5.20     ABSENCE OF CHANGES.  Except as contemplated hereby or reflected in
              ------------------
the  Latest  Balance  Sheet  or  set  forth  on  Section  5.20 of the Disclosure
Schedule, since the Latest Balance Sheet Date there has not been:

          (a)     any  damage to or destruction or loss in excess of One Hundred
     Thousand  Dollars  ($100,000)  in  the aggregate of the assets, properties,
     rights  or  interests of the Company or any of its Subsidiaries used in its
     respective Business, whether or not covered by insurance;

          (b)     increases  in  the salary, bonus or other compensation payable
     to  any  current  or  former  officer, employee, manager or director of the
     Company or any Subsidiary other than in the Ordinary Course of Business;

          (c)     any  hiring of any employees, except in the ordinary course of
     business  and  consistent  with  past  practice;

          (d)     any  adoption,  grant,  extension  or  increase to the rate or
     terms  of  any  bonus,  insurance,  pension or other employee benefit plan,
     payment or arrangement made to, for, or with any manager or employee or any
     other  benefits  payable in any other form by the Company or any Subsidiary
     except  increases  required  by  Applicable  Law;

          (e)     any  entry  into,  modification or termination of any Contract
     involving  a  total  remaining  commitment of at least One Hundred Thousand
     Dollars  ($100,000)  other  than  in  the  Ordinary  Course of Business, or
     receipt of notice of termination of any Material Contract;

          (f)     any  increase in the aggregate indebtedness for borrowed money
     or  any  increase  in purchase commitments or other Liabilities incurred by
     the  Company  or any of its Subsidiaries, nor has the Company or any of its
     Subsidiaries  issued or assumed, guaranteed or endorsed any debt securities
     or otherwise as an accommodation become responsible for, the obligations of
     any  other  Person,  nor  has  there  been  any  change  in  any assumption
     underlying,  or  method  of calculating, any bad debt, contingency or other
     reserve,  except  for  liabilities, commitments and obligations incurred in
     the  Ordinary  Course  of  Business;

          (g)     any Lien created on any of the assets of the Company or any of
     its  Subsidiaries  other  than  Permitted  Liens;

                                       32
<PAGE>
          (h)     any sale, assignment, transfer or other disposition or license
     of  any  assets  of  the Company or any of its Subsidiaries, other than the
     sale,  assignment,  transfer  or other disposition of obsolete equipment in
     the  Ordinary  Course  of  Business;

          (i)     any  acquisition  or  lease  of  any  assets  valued,  in  the
     aggregate, in excess of One Hundred Thousand Dollars ($100,000), other than
     in  the  Ordinary  Course  of  Business;

          (j)     any  amendment, termination or waiver by the Company or any of
     its Subsidiaries of any right of substantial value belonging to it;

          (k)     any  amendment  of  the  certificate of formation or operating
     agreement of the Company or any of its Subsidiaries;

          (l)     any discussions, negotiations or agreement with respect to any
     collective  bargaining  agreement  or  union  representation  of any of the
     Company's  employees;

          (m)     any  capital  expenditure  or  commitment  for  a  capital
     expenditure  by  the Company or any of its Subsidiaries not fully paid for;

          (n)     any  powers of attorney granted (other than powers of attorney
     granted  in  the Ordinary Course of Business with respect to Tax matters or
     powers granted for the sole purpose of executing the documents contemplated
     by  this  Agreement);

          (o)     any merger or consolidation with, or purchase of all or a part
     of  the  assets  of,  or  other  acquisition  of  any  business  or  any
     proprietorship,  firm,  association,  partnership,  corporation  or  other
     business  organization  or  division  thereof;

          (p)     any change in any methods of accounting or accounting practice
     other  than  those  required  by  changes  in  GAAP;

          (q)     any  transaction  entered  into  of any kind with any officer,
     director,  manager  or  member  of  the Company or any of its Subsidiaries;

          (r)     any  agreement by the Company or any of its Subsidiaries to do
     any  of  the  foregoing;  or

          (s)     a  Company  Material  Adverse  Effect.

     5.21     MAJOR CLIENTS.  Section 5.21 of the Disclosure Schedule sets forth
              -------------
a  list  of  the  twenty (20) largest clients of the Company in terms of revenue
during  the 2004 calendar year and through September 30, 2005 (collectively, the
"MAJOR  CLIENTS")  showing  the  total revenue received in such period from each
such  client.  Except  to the extent set forth in Section 5.21 of the Disclosure
Schedule,  since  January 1, 2005, there has not been any claim made against the
Company or any Subsidiary by any Major Client involving in excess of One Hundred
Thousand Dollars ($100,000).  No Major Client has given Notice to the Company or
any  Subsidiary  that  any  such  Major Client intends to reduce the revenues it
provides  to  the  Company  or  any  Subsidiary  and neither the Company nor any
Subsidiary has received any Notice of termination or non-renewal of any contract
in  excess  of  One  Hundred  Thousand  Dollars ($100,000) with any of its Major
Clients.  True,  correct  and complete copies of all such dispute or termination
Notices  (or  a  written  description of any oral dispute or termination Notice)
have  been  delivered  to  Purchaser  prior  to  the  date  hereof.

                                       33
<PAGE>
     5.22     INSURANCE.  Section  5.22  of  the  Disclosure Schedule sets forth
              ---------
each  insurance  policy  (specifying  the insurer, the type of insurance and the
policy  number)  maintained  by  the  Company  and  its  Subsidiaries  on  their
respective  properties,  assets,  products,  Business  or  personnel.  True  and
complete  copies  of  the  most recent inspection reports, if any, received from
insurance  underwriters  as to the condition of the properties and assets owned,
leased,  occupied or operated by the Company and its Subsidiaries or the conduct
of their business have been delivered to Purchaser.  Neither the Company nor any
of its Subsidiaries is in default with respect to any provision contained in any
insurance  policy  nor has the Company or any of its Subsidiaries failed to give
any  notice  or  present  any claim under any insurance policy in due and timely
fashion.  All  premiums  under such policies are current.  None of the insurance
policies  will  terminate  or lapse as a result of the transactions contemplated
hereunder,  nor  will  any  such policy expire, lapse or terminate within ninety
(90)  days  after  the  Closing Date, except as set forth on Section 5.22 of the
Disclosure  Schedule.  True  and  complete  copies of all liability and casualty
insurance  policies  of  the  Company and its Subsidiaries, which were in effect
immediately  prior  to  November  1,  2005,  and  insurance binders for recently
renewed  policies  have  heretofore  been  delivered  or  made  available to the
Purchaser.

     5.23     BANK  ACCOUNTS.  Section  5.23  of  the  Disclosure  Schedule sets
              --------------
forth:  (a)  the  name  of  each  bank  in  which  the  Company  or  any  of its
Subsidiaries  has  an  account  or safe deposit box, the account numbers and the
names  of  all persons authorized to draw thereon or to have access thereto; and
(b)  the  name  of  each  person,  corporation,  firm,  association  or business
organization,  entity  or  enterprise  holding  a  general  or  special power of
attorney  from the Company or any of its Subsidiaries and a summary of the terms
thereof.

     5.24     AFFILIATE  AND  ASSOCIATE  TRANSACTIONS.  Except  as  set forth on
              ---------------------------------------
Section  5.24  of  the  Disclosure  Schedule, neither the Company nor any of its
Subsidiaries  has  any  loan  or  advance  outstanding  to  any member, manager,
officer,  or employee and no officer, member, employee or manager of the Company
nor  any  of  its  Subsidiaries  or  any  Affiliate of any such officer, member,
employee  or  manager  has,  either  directly  or  indirectly:

          (a)     an  equity or debt interest in any Person which purchases from
     or  sells  or furnishes to the Company or any of its Subsidiaries any goods
     or  services or otherwise does business with the Company or any Subsidiary;
     or

          (b)     a beneficial interest in any contract, commitment or agreement
     to  which  the Company or any of its Subsidiaries is a Party or under which
     the  Company  or  any of its Subsidiaries is obligated or bound or to which
     the  property  of  the  Company  or any of its Subsidiaries may be subject,
     other  than contracts, commitments or agreements between the Company or any
     of  its  Subsidiaries  and  such  persons in their capacities as employees,
     officers  or directors of the Company or any of its Subsidiaries; provided,
     however, that such representation and warranty in clauses (a) and (b) above
     shall  not  apply  to  the  ownership, as a passive investment, by any such
     employee, officer, director, or Affiliate, of less than one percent (1%) of
     a  class of securities listed for trading on a national securities exchange
     or  publicly  traded  in  the  over-the-counter  market.

                                       34
<PAGE>
     5.25     NO  CLAIMS.  Except as set forth on Section 5.25 of the Disclosure
              ----------
Schedule,  to  Seller's  Knowledge,  neither  Seller,  any  of  its members, nor
Seller's  manager  has  directly  or  indirectly, any claims, actions, causes of
action,  demands,  damages,  or losses, whether at law or in equity, in tort, by
contract  or  under  Applicable  law,  against  the  Company  or  any  of  its
Subsidiaries.

     5.26     NO  FINDER.  Except  for  Covington  Associates  LLC  in  Boston,
              ----------
Massachusetts,  neither  the Seller nor the Company or any Subsidiary has agreed
to pay to any broker, finder, investment banker or any other Person a brokerage,
finder's or other fee or commission in connection with this Agreement, any other
transaction document or the consummation of any of the transactions contemplated
hereby  and  thereby.

     5.27     TITLE  TO  AND  SUFFICIENCY  OF  ASSETS.  Except  as  set forth on
              ---------------------------------------
Section  5.27  of  the  Disclosure  Schedule,  the  Company  and  each  of  the
Subsidiaries has good and marketable title to, or a valid leasehold interest in,
all tangible personal property and intangible assets used by it in the operation
of  the  Business  as presently conducted, free and clear of any Lien other than
Permitted  Liens.  Such  assets constitute all the assets, properties and rights
that  are currently used in connection with the conduct of the Business as it is
presently conducted and has been conducted since December 31, 2004.

     5.28     TANGIBLE  ASSETS.  All of the material tangible assets used in the
              ----------------
conduct  of  the  Business, which constitute personal property of the Company or
any  Subsidiary,  whether owned or leased by the Company or such Subsidiary, are
in  good  operating  condition and repair (with the exception of normal wear and
tear).  Contemporaneously  with  the  execution  and delivery of this Agreement,
Seller  has  delivered  to  Purchaser  a depreciation schedule as of October 31,
2005,  listing the material tangible operating assets of the Company and each of
the  Subsidiaries, which schedule is true, correct and complete as of such date.
Except  as set forth on Section 5.28 of the Disclosure Schedule, the Company and
each  of the Subsidiaries owns all such tangible operating assets free and clear
of  all  Liens  other  than  Permitted  Liens.

     5.29     COMPUTER  SYSTEM.  Except  as  disclosed  in  Section  5.29 of the
              ----------------
Disclosure  Schedule, the software included in the Computer System is either (i)
owned  by the Company or a Subsidiary free and clear or any and all Liens except
Permitted  Liens,  or  (ii) used by the Company or such Subsidiary pursuant to a
fully-paid  license granted to the Company or such Subsidiary by the third party
pursuant to the terms of such license.  The Company and each of the Subsidiaries
owns  or  has  valid licenses to use the Computer System, including all software
comprising  a  part  thereof,  and  there  are  no defects in the same that have
materially  interrupted the Company's or such Subsidiary's operations within the
past  twelve (12) months.  Except as disclosed in Section 5.29 of the Disclosure
Schedule,  no  such  license shall terminate or become terminable as a result of
the  transaction contemplated herein.  The use of the Computer System (including
any  software modifications) by the Company and each of the Subsidiaries has not
violated  or infringed upon the rights of any third parties, and the sale of the
Membership  Interests  to  Purchaser  will  not result in the termination of any
maintenance,  service  or support agreement relating to any part of the Computer
System  or  any  reduction  in the services provided to the Business, warranties
available  to the Business or rights of the Business thereunder as same apply to
each  of  the  Company  and  each  of  the  Subsidiaries.

                                       35
<PAGE>
     5.30     CONSTRUCTION  AND  DEVELOPMENT  CONTRACTS.  Section  5.30  of  the
              -----------------------------------------   -------------
Disclosure  Schedule contains a complete list of each contract pursuant to which
the  Company  or  any  of  its  Subsidiaries acts as manager of the construction
and/or  development  of  commercial,  industrial  or  residential  real  estate
properties  (each,  a "CONSTRUCTION CONTRACT").  The Company and each Subsidiary
has  delivered  to  Purchaser  true  and  complete  copies  of each Construction
Contract  in excess of One Million Dollars ($1,000,000).  Except as set forth on
Section  5.30  of  the  Disclosure  Schedule.
-------------

          (a)     to  the  Knowledge  of  the  Seller,  there  is  no  fact  or
     circumstance  existing involving a "fixed price" or "lump sum" Construction
     Contract  with  respect  to  which  it  is  reasonably foreseeable that the
     aggregate  cost  of  the  work  to  be  performed  by  the  Company or such
     Subsidiary thereunder shall exceed such fixed price or lump sum;

          (b)     with  respect  to  any  Construction Contract where payment is
     made  to  the  Company  or  any  Subsidiary on a "percentage of completion"
     basis, neither the Company nor any such Subsidiary has received any payment
     which  is  in excess of the portion of the payment to which it was entitled
     on the basis of the work performed under such Construction Contract;

          (c)     all  work  performed under each Construction Contract has been
     in  conformity with the plans, drawings and specifications for such work as
     same  may  have  been  modified  pursuant  to  duly  executed change orders
     respecting  such  work,  and  is  free  of  defect;

          (d)     the  standard warranty provided by the Company or a Subsidiary
     under  any  Construction  Contract  is  set forth on Section 5.30(d) of the
                                                          ---------------
     Disclosure  Schedule and, except as is set forth in said Section 5.30(d) of
                                                              ---------------
     the  Disclosure Schedule, neither the Company nor any Subsidiary has either
     extended  the time period of such warranty beyond the time period reflected
     in  said standard warranty or provided for any greater financial benefit to
     the  beneficiary  of  said  warranty  than is provided for in said standard
     warranty;

          (e)     all  warranty  work  for  which  a claim has been made under a
     Construction  Contract prior to the date hereof has been duly performed and
     paid for in full by the Company or such Subsidiary, as the case may be; and

          (f)     true,  correct  and  complete  copies  of  all  manufacturers
     warranties  or  other  warranties in excess of One Hundred Thousand Dollars
     ($100,000)  provided  to the Company or a Subsidiary in connection with any
     work  performed,  or  product  or  service  provided  pursuant  to the work
     contemplated  by  a  Construction  Contract,  including  operating  and
     maintenance  manuals  and  other  documentation  that  is  essential to the
     preservation of rights to assert a warranty claim thereunder, are kept with
     the records of the Company or Subsidiary which is responsible for such work
     and  are available for inspection by the Purchaser, and neither the Company
     nor  any  Subsidiary has taken any action or omitted to take any action the
     effect  of  which  is  to limit, diminish or terminate any such warranty or
     increase  the  costs  and  expenses  of the Company or such Subsidiary as a
     result  thereof.

                                       36
<PAGE>
     5.31     GOVERNMENT  CONTRACTS.  Section  5.31  of  the Disclosure Schedule
              ---------------------   -------------
hereto  contains a complete list, as of the date hereof, of each Contract having
an  aggregate  value  in  excess  of  Five  Hundred  Thousand Dollars ($500,000)
pertaining to the Business, between the Company or any Subsidiary and the United
States  government  and/or  its  agencies  (each, a "GOVERNMENT CONTRACT").  The
Company and each Subsidiary has provided or made available to Purchaser true and
complete  copies  of  each  Government Contract. Except as set forth on Schedule
5.31:

          (a)     Neither  the  Company nor any of its Subsidiaries has pending,
     as  of  the  date  hereof,  any written bid, offer, or proposal for any new
     Government  Contract  submitted  in  response to a request for proposals or
     other  formal  solicitation  issued  by the United States government or any
     agency  thereof,  which  shall  not  be  deemed  to  include  any  pending
     modification,  extension,  exercise  of  options,  or  task order under any
     previously  awarded  Government  Contract;

          (b)     With  respect  to  Government  Contracts  under  the  General
     Services  Administration  ("GSA")  Multiple  Award  Schedule  ("MAS"):

               (i)     Under  its  FABS and MOBIS schedule contracts, as well as
          any  other GSA/MAS contracts, the Company and each of its Subsidiaries
          is  substantially  compliant  with  the applicable requirements of the
          following  clauses and provisions, to the extent they are incorporated
          therein:  (1) Price Reductions clause, GSAR 552.238-75 (May 2004); (2)
          Industrial  Funding  Fee  and  Sales Reporting clause, GSAR 552.238-74
          (Jul  2004); and (3) Contract Price List clause, I-FSS-600 (Jul 2004);
          and

               (ii)     Under  its FABS and MOBIS schedule contracts, as well as
          any  other GSA/MAS contracts, the Company and each of its Subsidiaries
          contract  invoices  submitted  to  the  United  States  government for
          payment,  to  the  extent  such  payments  are  based upon labor hours
          incurred,  accurately  reflect  the  number  of  labor  hours actually
          incurred  by its personnel, and those personnel satisfy the credential
          requirements  for  the  applicable  labor  categories.

     5.32     [RESERVED]
              ----------

     5.33     [RESERVED]
              ----------

     5.34     WARRANTY  ELIGIBILITY.  The  Company  and each of its Subsidiaries
              ---------------------
has  complied  in  all material respects with all applicable requirements of any
and  all  warranties  for  products  or  systems  owned  by  the Company or such
Subsidiary  such  that  it is eligible for full warranty coverage to the fullest
extent  available.

                                       37
<PAGE>
     5.35     INFORMATION ACCURATE AND COMPLETE; RELIANCE.  Without limiting the
              -------------------------------------------
specific  language  of  any  other  representation  or  warranty  herein,  all
information  furnished  to Purchaser in this Agreement, in exhibits or schedules
attached hereto, or otherwise delivered to Purchaser is accurate and complete in
all material respects, includes all material facts required to be stated therein
and  does  not  contain  any  untrue  statement  of  a material fact or omit any
material  fact  necessary  to  make  the  statements  therein  not  misleading.
Notwithstanding  any  right of Purchaser fully to investigate the affairs of the
Company  and each of the Subsidiaries and notwithstanding any knowledge of facts
determined  or determinable by Purchaser pursuant to such investigation or right
of investigation, Purchaser has the right to rely fully upon the representations
and  warranties  of  Seller  contained  herein, in the exhibits or the schedules
hereto  or  in  any other document delivered in connection with the transactions
contemplated  hereby.

                                   ARTICLE VI
                                   ----------

               REPRESENTATIONS AND WARRANTIES OF JLL AND PURCHASER
               ---------------------------------------------------

     Each  of  JLL  and  Purchaser  makes  the  following  representations  and
warranties  to  Seller,  each  of  which  is true and correct on the date hereof
(except  where  specifically provided otherwise) and will be true and correct on
the  Closing  Date,  as  though  then  made, and each of which shall survive the
Closing Date and the transactions contemplated hereby to the extent set forth in
Section  9.6  hereof:
------------

     6.1     DUE  ORGANIZATION  AND  STANDING.  Each  of  JLL and Purchaser is a
             --------------------------------
corporation duly organized, validly existing and in good standing under the laws
of  the  State  of  Maryland.

     6.2     AUTHORITY; EXECUTION AND DELIVERY; ENFORCEABILITY.  Each of JLL and
             -------------------------------------------------
Purchaser  has  full  corporate  power and authority to execute and deliver this
Agreement  and each other transaction document to which Seller is a party and to
consummate  the transactions contemplated hereby.  The execution and delivery by
JLL and Purchaser of this Agreement and each other transaction document to which
JLL  and  Purchaser  is a party and the consummation by JLL and Purchaser of the
transactions  contemplated  hereby  and thereby have been duly authorized by all
necessary  corporate  action  on the part of JLL and Purchaser.  Each of JLL and
Purchaser  has  duly executed and delivered this Agreement and will duly execute
and  deliver  each  other  transaction  document to which JLL and Purchaser is a
party.  This Agreement constitutes, and each other transaction document to which
JLL  and  Purchaser  is  a  party,  when  duly executed and delivered by JLL and
Purchaser,  shall constitute, the legal, valid and binding obligation of JLL and
Purchaser,  enforceable  against JLL and Purchaser in accordance with its terms,
except  as  the enforceability thereof may be limited by bankruptcy, insolvency,
reorganization,  moratorium  and  other  similar laws now or hereafter in effect
relating to creditors' rights and by general principles of equity.

     6.3     NO  CONFLICTS;  CONSENTS.  The  execution  and  delivery by JLL and
             ------------------------
Purchaser of this Agreement and each other transaction document to which JLL and
Purchaser  is a party, the consummation by JLL and Purchaser of the transactions
contemplated  hereby  and  thereby  and compliance by JLL and Purchaser with the
terms  hereof and thereof do not conflict with, or result in any violation of or
default  (with  or without notice or lapse of time, or both) under, or give rise
to  a right of termination, cancellation or acceleration of any obligation or to
loss  of a material benefit under or result in the creation of any Lien upon any
of  the properties or assets of JLL or Purchaser under, any provision of (i) the
organizational  documents  of  JLL or Purchaser, (ii) any contract, agreement or
instrument  to which JLL or Purchaser or any of their subsidiaries is a party or
by  which  any  of  their  respective properties or assets is bound or (iii) any
judgment, order or decree or laws applicable to JLL or Purchaser or any of their
subsidiaries  or  their respective properties or assets, other than, in the case
of  clause  (ii)  above,  any  such  items disclosed on Schedule 6.3.  Except as
                                                        ------------
disclosed  on  Schedule 6.3 and except with respect to the required filing under
               ------------
the  HSR Act and any filings required under federal or state securities laws, no
consent,  approval, license, permit, order or authorization of, or registration,
declaration  or  filing  with, any Governmental Authority or any other Person is
required to be obtained or made by or with respect to JLL or Purchaser or any of
their  subsidiaries in connection with JLL's and Purchaser's execution, delivery
and performance of this Agreement or the consummation by JLL or Purchaser of the
transactions  contemplated  hereby  or  the  conduct  by JLL or Purchaser of the
business  following  the Closing as conducted on the date hereof, other than any
such items which if not obtained or made, individually or in the aggregate, have
not  had  and  could  not  reasonably be expected to have a JLL Material Adverse
Effect.

                                       38
<PAGE>
     6.4     NO  FINDER.  Neither  JLL  nor  Purchaser  has agreed to pay to any
             ----------
broker,  finder,  investment banker or any other Person a brokerage, finder's or
other fee or commission in connection with this Agreement, any other transaction
document  or  the  transactions  contemplated  hereby  and  thereby.

     6.5     LITIGATION.  There  is no action, suit or proceeding pending or, to
             ----------
the  knowledge  of Purchaser, threatened against JLL or Purchaser that questions
the validity of this Agreement or any other transaction document to which JLL or
Purchaser  is  a  party  or  the  right  of  JLL or Purchaser to enter into such
agreements  or  to  consummate  the transactions contemplated hereby or thereby.

                                   ARTICLE VII
                                   -----------

                                    COVENANTS
                                    ---------

     7.1  ACCESS TO INFORMATION; CONFIDENTIALITY.
          --------------------------------------

          (a)     Seller hereby covenants and agrees that during the period from
     the  date  of  this  Agreement  to the Closing Date, Seller shall cause the
     Company  and  each  of  the  Subsidiaries  to  (a)  give  Purchaser and its
     authorized  representatives  reasonable  access  to  all  books,  records,
     personnel,  offices  and other facilities and properties of the Company and
     the  Subsidiaries  and  the  Company's accountants, (b) permit Purchaser to
     make  such  copies, inspections and investigations thereof as Purchaser may
     reasonably  request  and  (c)  furnish  Purchaser  with  such financial and
     operating  data  and  other information with respect to the Company and the
     Subsidiaries  and  the  Business  of  each of them as Purchaser or any such
     authorized  representative  may  from  time  to  time  reasonably  request;
     provided,  however,  that  the  foregoing shall be conducted at Purchaser's
     --------   -------
     expense  under  the  supervision  of the personnel of the Company in such a
     manner  as  to  maintain  the  confidentiality  of  this  Agreement and the
     transactions contemplated hereby and not to interfere unreasonably with the
     normal  operation  of  the  Business.

                                       39
<PAGE>
          (b)     Purchaser and JLL acknowledge that the information provided to
     Purchaser  and  JLL  and  their  representatives  in  connection  with  the
     transactions  contemplated  hereby  is  subject  to,  and Purchaser and JLL
     shall,  and  shall  cause  their  representatives to, fully comply with the
     provisions  of,  that  certain  Confidentiality  Agreement,  dated  as  of
     September  12,  2005,  between  an  Affiliate  of Purchaser and Seller (the
     "CONFIDENTIALITY AGREEMENT"), the terms of which are incorporated herein by
     this  reference. Upon the Closing, the obligations of Purchaser's Affiliate
     pursuant  to  the Confidentiality Agreement shall terminate with respect to
     information  concerning  the  Company.

          (c)     From  and  after  the  Closing  Date,  except  to  the  extent
     expressly  required  by  applicable  law  or court order, Seller shall, and
     shall cause its Affiliates to, keep secret and confidential and not use for
     its  own benefit or use or authorize the use thereof for the benefit of any
     other  Person all Confidential Information (as such term is defined in this
     Section).  For  purposes  of  this  Section  7.1(c), the term "CONFIDENTIAL
                                         ---------------
     INFORMATION"  means  information  regarding  the  Company  and  each of its
     Subsidiaries which relates to or arises from the conduct of the Business of
     the  Company or such Subsidiary, as the case may be, or any portion thereof
     and  is confidential or proprietary, whether or not it is expressly stamped
     or  identified  as  being  confidential,  including  the  following:  (1)
     information regarding the Company's and each of its Subsidiaries' Business,
     operations,  assets,  liabilities  or  financial condition; (2) information
     regarding  the  Company's  and  each  of  its Subsidiaries' pricing, sales,
     merchandising,  marketing,  capital  expenditures,  costs,  joint ventures,
     business  alliances, purchasing or manufacturing; (3) information regarding
     the  Company's  and  each  of  its  Subsidiaries'  employees  or  sales
     representatives,  including  their identities, responsibilities, competence
     and  compensation;  (4)  customer  lists or other information regarding the
     Company's  and  each of its Subsidiaries' current or prospective customers,
     including  information  regarding  their  identities,  contact  persons and
     purchasing  patterns;  (5)  information regarding the Company's and each of
     its  Subsidiaries'  current or prospective vendors, suppliers, distributors
     or  other  business  partners;  (6)  forecasts,  projections,  budgets  and
     business  plans  regarding  the  Company  and each of its Subsidiaries; (7)
     information  regarding  the Company's and each of its Subsidiaries' planned
     or  pending  acquisitions, divestitures or other business combinations; (8)
     the  Company's  and each of its Subsidiaries' trade secrets and proprietary
     information;  (9)  technical  information,  patent  disclosures  and
     applications,  copyright  applications,  sketches,  drawings,  blueprints,
     models,  know-how,  discoveries,  inventions,  improvements,  techniques,
     processes,  business  methods,  equipment,  algorithms,  software programs,
     software  source  documents  and  formulae,  in  each  case  regarding  the
     Company's  and  each  of  its  Subsidiaries'  current,  future  or proposed
     products  or  services  (including information concerning the Company's and
     each  of its Subsidiaries' research, experimental work, development, design
     details  and  specifications,  and engineering); and (10) the Company's and
     each of its Subsidiaries' website designs, website content, proposed domain
     names,  and  data  bases.  "Confidential  Information"  shall not, however,
     include (A) information which Seller or any of its Affiliates receives from
     a  third  party with the legal right to disclose it to Seller or any of its
     Affiliates,  (B)  information  disclosed  in  judicial  or  administrative
     proceedings  to  the  extent  Seller  or  any  of its Affiliates is legally
     compelled  to disclose such information; provided, however, that the Seller
                                              --------  -------
     or  its  Affiliate,  as the case may be, shall have (i) used its reasonable
     efforts to keep from disclosing such information, (ii) provided the Company
     or  its  Subsidiary,  as the case may be, with prompt notice of the request
     for  such  information  before  disclosure  of  such information, and (iii)
     afforded  the  Company  or  such  Subsidiary,  as  the  case  may  be,  the
     opportunity  to  obtain  an appropriate protective order or other assurance
     (and cooperated with the Company or such Subsidiary, as the case may be, in
     obtaining such order and/or assurance), satisfactory to the Company or such
     Subsidiary,  as  the  case  may  be,  of  confidential  treatment  of  such
     information  before  Seller or its Affiliate, as the case may be, discloses
     such  information,  or  (C)  information that is generally available to the
     public;  provided,  however,  that  information  shall  not  be  considered
     generally  available to the public if it is made public by Seller or any of
     its  Affiliates in violation of this Section 7.1(c) or by a third party who
                                          --------------
     has no lawful right to disclose the information or who does so in violation
     of  any contractual, legal or fiduciary obligation to the Company or any of
     its  Subsidiaries.  For  the  avoidance  of doubt, notwithstanding anything
     herein  to  the  contrary,  the  parties  agree that, because Purchaser has
     entered  into, or will enter into, separate confidentiality agreements with
     the individuals whose activities Purchaser wishes to restrict, this Section
                                                                         -------
     7.1  applies  only  to  entities  and  not  to  any  natural  persons.
     ---

                                       40
<PAGE>
     7.2  PRE CLOSING RESTRICTIONS ON CONDUCT OF BUSINESS.
          -----------------------------------------------

          (a)     From  the  date  hereof  through  the  Closing Date, except as
     contemplated  by  this  Agreement or described on Schedule 7.2, the Company
                                                       ------------
     and  each of the Subsidiaries shall, and Seller shall cause the Company and
     each  of the Subsidiaries to, operate only in the ordinary and usual course
     of  business  consistent  with  past  practice  and  shall use commercially
     reasonable efforts to preserve the good will and current relationships with
     clients,  customers, suppliers, employees and other Persons material to the
     operation  of  the  Business  of  each  of  them.

          (b)     Without  limiting  the  generality  of  Section 7.2(a), Seller
                                                          --------------
     hereby  covenants  and  agrees that during the period from the date of this
     Agreement to the Closing Date, except (i) as otherwise contemplated by this
     Agreement,  (ii)  as  set  forth  on  Schedule  7.2 or (iii) with the prior
                                           -------------
     written  consent  of  Purchaser  (which  consent  shall not be unreasonably
     withheld  or  delayed), Seller shall not, to the extent of its authority so
     to  do,  cause  or  permit  the  Company  or  any  of  its Subsidiaries to:

               (i)     sell,  license  or  dispose  of  any  of  its  material
          properties  or  assets  other than in the Ordinary Course of Business;

                                       41
<PAGE>
               (ii)     acquire  or  lease any assets other than in the Ordinary
          Course  of  Business;

               (iii)     make  any  loans, advances (other than advances made in
          the  Ordinary  Course  of  Business)  or  capital contributions to, or
          investments  in,  any  other  Person, except in the Ordinary Course of
          Business  and  except  for  capital  contributions  in accordance with
          existing  commitments;

               (iv)     make  any  change  in  any  of  its  present  accounting
          methods,  systems,  policies,  principles  or practices, including its
          manner  or timing of collecting accounts receivable or paying accounts
          payable,  except  as  required  by  changes  in  GAAP;

               (v)     make  or  authorize any capital expenditures in excess of
          Fifty  Thousand  Dollars  ($50,000)  in  the  aggregate as to all such
          expenditures;

               (vi)     settle  or  compromise  any  material  Tax  Liability;

               (vii)     incur  any  indebtedness  for borrowed money, issue any
          debt  securities,  assume, guarantee or endorse the obligations of any
          third party or mortgage or create any Liens other than Permitted Liens
          on  any  of  its  properties  or  assets,  or  modify  any  existing
          indebtedness,  debt  securities  or  guarantees;

               (viii)     amend  its  certificate  of  formation,  articles  of
          organization,  operating agreement or partnership agreement (whichever
          is  applicable) except for the amendments which have been reflected in
          the  Limited  Liability  Company  Agreement  of the Seller attached as
          Exhibit  B  hereto;
          ----------

               (ix)     enter  into  a  Contract  involving  a  total  remaining
          commitment  of  Five Hundred Thousand Dollars ($500,000), or terminate
          or  amend  in any material respect any Material Contract other than in
          the  Ordinary Course of Business, or fail to notify Purchaser upon the
          receipt  of  notice  of  termination  of  any  Material  Contract;

               (x)     change  its  equity  structure;

               (xi)     make any dividend or distribution to Seller or any other
          Affiliate  of  the  Company;

               (xii)     acquire or agree to acquire by merging or consolidating
          with  or  by purchasing the stock or other equity of, or a substantial
          portion  of  the  assets  of,  or by any other manner, any business or
          entity  or  otherwise  acquire  or  agree  to  acquire  any  assets;

               (xiii)     knowingly  take  any  action  that  would cause any of
          Seller's  representations and warranties set forth in Article V hereof
                                                                ---------
          to  become  untrue  in  any  material  respect;

                                       42
<PAGE>
               (xiv)     fail  to notify Purchaser in the event that the Company
          or  any  Subsidiary  receives  notice that any Major Client intends to
          reduce  its revenues to the Company or such Subsidiary in any material
          respect;

               (xv)     enter  into  any  Contract with any member, stockholder,
          manager,  director,  officer  or  employee  of  Seller, the Company or
          Subsidiary  or with any of the respective Affiliates of such Person or
          any  Contract with any Affiliate of the Company with a value in excess
          of  Five  Hundred Thousand Dollars ($500,000) (it being understood and
          agreed  that any Contract with any such Affiliate with a value of Five
          Hundred  Thousand  Dollars ($500,000) or less may only be entered into
          in  the  Ordinary  Course  of  Business);

               (xvi)     waive,  release  or  cancel any material claims against
          third  parties  or  material  debts  owing  to  the  Company;

               (xvii)     enter  into  any written employment agreement with any
          employee  or  increase in any material respect the compensation of any
          manager  or  employee;

               (xviii)     enter  into  any  agreement  with  respect  to  any
          collective  bargaining  agreement;

               (xix)     adopt,  grant,  extend or increase the rate or terms of
          any  bonus, insurance, pension or other employee benefit plan, payment
          or  arrangement  made  to, for, or with any manager or employee or any
          other  benefits  payable  in  any  other  form  by  the Company or any
          Subsidiary  or  otherwise amend any Benefit Plan, except to the extent
          required  by  Applicable  Law;

               (xx)     take  or  omit to take any action the effect of which is
          to  cause  the  Company  to  be  taxed  as  a  corporation;

               (xxi)     change  or  permit  any change in the classification of
          the  Company  or any Subsidiary for any federal, state or local income
          tax  purposes;

               (xxii)     permit the creation of any Lien other than a Permitted
          Lien  upon  any  of  its  assets;  or

               (xxiii)     agree  to  take  any  of  the  foregoing  actions.

          (c)     Without  limiting the generality of Section 7.2(a), during the
                                                      --------------
     period  from  the date of this Agreement to the Closing Date, except as set
     forth  on  Schedule 7.2 or as expressly permitted by this Agreement, Seller
                ------------
     shall  cause  the  Company and each of the Subsidiaries to (i) maintain its
     books,  accounts and records in the usual, regular and ordinary manner, and
     on  a  basis  consistent  with  GAAP,  and (ii) duly comply in all material
     respects  with  applicable  laws.

          (d)     Any  Contract  which  requires  the  prior  written consent of
     Purchaser  pursuant to Section 7.2(b) and which is entered into or incurred
                            --------------
     with the prior written consent of Purchaser shall be deemed included on the
     appropriate  schedules to this Agreement. Either party shall have the right
     to  update the schedules to include any such Contract. Any Contract entered
     into  or  incurred  in violation of Section 7.2(b) shall not be included on
                                         --------------
     any  of  the  schedules  to  this  Agreement  absent the written consent of
     Purchaser.

                                       43
<PAGE>
     7.3     COMPLIANCE  WITH  LAW.  Each Party shall comply with all Applicable
             ---------------------
Law  and  cooperate  to  obtain  any  Permit  transfers  and/or  approvals  of
Governmental  Authorities  required  for the valid and effective consummation of
the  transactions  contemplated  hereby.

     7.4     CERTAIN EMPLOYEE MATTERS.  From the date hereof through the Closing
             ------------------------
Date,  Seller shall notify Purchaser promptly if any individual named on the Key
Employee  List gives notice to the Company that such person intends to terminate
his  employment with the Company or any Subsidiary or is not willing to work for
Purchaser.

     7.5     NOTICE.  From  and  after  the date hereof through the Closing Date
             ------
each  Party shall promptly notify the other Party in writing upon the occurrence
or the nonoccurrence of any event of which such Party has actual knowledge which
does  then,  or  which  upon  the passing of time or the giving of notice would,
constitute a material breach of or default under, or render misleading or untrue
in  any  material  respect,  any agreement, covenant, representation or warranty
made  by  such  Party  in  this  Agreement.

     7.6     CONSENTS,  FILINGS  AND  AUTHORIZATIONS; EFFORTS TO CONSUMMATE.  As
             --------------------------------------------------------------
promptly  as  practicable  after  the  date  hereof,  the Parties shall make all
filings  and  submissions  under such laws as are applicable to them or to their
respective  Affiliates  and  as  may  be  required  for  the consummation of the
transactions  contemplated  by  this  Agreement.  The Parties shall consult with
each  other prior to any such filing, and no Party shall make any such filing or
submission  to  which  another  Party  reasonably  objects in writing.  All such
filings  shall  comply  in  form  and  content  in  all  material  respects with
applicable laws.  No agreement that could have a negative impact on the Business
will be made by Seller or the Company with any third party to obtain any consent
or approval to the transactions contemplated hereby, except in accordance with a
plan  previously  agreed  to in writing by Purchaser and none of Purchaser, JLL,
the  Company  or any Subsidiary shall be required to make any payment or provide
any  goods or services as a condition to obtaining such consent.  Subject to the
terms  and  conditions  herein, each Party shall use its commercially reasonable
efforts  to  take or cause to be taken all actions and to do or cause to be done
all  things  necessary, proper or advisable:  (a) to cause the conditions to the
obligations  of each Party to consummate the transactions contemplated hereby to
be  satisfied  as  soon  as reasonably practicable and (b) under Applicable Law,
Permits  and  orders,  to  consummate  and  make  effective  the  transactions
contemplated  hereby  as soon as reasonably practicable, including obtaining all
consents  required  in  connection  with  such  Party's  consummation  of  the
transactions  contemplated  hereby.

     7.7     PUBLIC ANNOUNCEMENTS.  Prior to the Closing, and in connection with
             --------------------
the  initial  announcement  of the consummation of the Closing, the Parties will
consult  with  each other before issuing, and provide each other the opportunity
to  review,  comment  upon  and  concur  with, any press release or other public
statements  with respect to the transactions contemplated by this Agreement, and
shall  not  issue any such press release or make any such public statement prior
to  such  consultation,  except  as  may  be required by applicable law or court
process.

                                       44
<PAGE>
     7.8     NON-COMPETITION.
             ---------------

          (a)     In order to induce Purchaser to enter into this Agreement, and
     subject  to the exceptions set forth herein, Seller expressly covenants and
     agrees  that,  for  a  period  of five (5) years from and after the Closing
     Date,  (i) neither Seller nor any of its Affiliates shall without the prior
     express  written  consent of Purchaser (A) own, manage, operate or control,
     either  within  or  outside  the  Territory,  any  business,  individual,
     partnership,  firm,  corporation or other entity which is engaged, directly
     or  indirectly, in the Business of the Company or any Subsidiary within the
     Territory  or  (B)  interfere  or  attempt  to  interfere with any business
     relationship between any third party and Purchaser or any of its Affiliates
     in  connection with Purchaser's or its Affiliates' engaging in the Business
     of  the  Company  or any Subsidiary within the Territory including, without
     limitation,  the  solicitation or acceptance of any work or engagement from
     any  Person or any Affiliate of such Person who was a client of the Company
     or  any  Subsidiary  within  the  eighteen  (18)  month  period immediately
     preceding  the  Closing  Date,  or  (ii)  solicit or encourage any officer,
     employee,  consultant  or  agent  employed  or  exclusively retained by the
     Company  or  any  Subsidiary  on  the  Closing  Date to leave the employ or
     exclusive  retention of the Company or such Subsidiary, as the case may be,
     other than through a general solicitation that does not specifically target
     employees  or  consultants  of  the  Company  or  any Subsidiary; provided,
                                                                       --------
     however, that nothing in this Section 7.8 shall limit, prohibit or restrict
     -------                       -----------
     Seller  or  any  of  its Affiliates from carrying out any of the activities
     listed  on  Schedule  7.8  hereto  or  from owning, directly or indirectly,
                 -------------
     solely  as  an  investment,  publicly-traded  securities of an entity which
     engages  in the Business if Seller and its Affiliates do not, collectively,
     own  more than five percent (5%) of any class of securities of such entity.
     For  the  avoidance  of  doubt,  notwithstanding  anything  herein  to  the
     contrary,  the  parties  agree that, because Purchaser has entered into, or
     will enter into, separate employment agreements (containing non-competition
     agreements)  with  the  individuals  whose  activities  Purchaser wishes to
     restrict,  this Section 7.8 applies only to entities and not to any natural
                     -----------
     persons.

          (b)     Seller  and Purchaser expressly agree that the remedies at law
     for  any breach of the provisions of this Section 7.8 may be inadequate and
     that,  in addition to any other remedies that Purchaser may have, Purchaser
     shall be entitled to seek temporary and permanent injunctive relief without
     the necessity of proving actual damages or posting bond. To the extent that
     any  part  of this Section 7.8 may be invalid, illegal or unenforceable for
                        -----------
     any  reason,  it  is  intended  that  such part shall be enforceable to the
     extent  that  a  court  of competent jurisdiction shall determine that such
     part,  if  more  limited  in scope, would have been enforceable. Seller and
     Purchaser acknowledge that Purchaser would not enter into this Agreement or
     acquire  the Membership Interests unless Seller agreed to the provisions of
     this  Section  7.8.
           ------------

                                       45
<PAGE>
     7.9     RESIGNATION  AND  GENERAL  RELEASE.  Seller  agrees  that  it shall
             ----------------------------------
deposit  into  the Escrow prior to the Closing Date a resignation and release in
the form attached as Exhibit C hereto, duly executed by Seller and Spaulding and
                     ---------
Slye  Holdings,  LLC.

     7.10     NO  INCONSISTENT  ACTION.  No  Party  shall  take  any  action (a)
              ------------------------
inconsistent  with its obligations under this Agreement or (b) that would hinder
or  delay  the  consummation of the transactions contemplated by this Agreement.
Seller  and  Purchaser  shall use commercially reasonable efforts to cause to be
satisfied  prior to the Closing Date the conditions set forth in Section 8.1 and
                                                                 -----------
Section  8.2  hereof,  respectively.
------------

     7.11     MAINTENANCE  OF  INSURANCE.  The  Company  and  each  of  the
              --------------------------
Subsidiaries  shall  maintain  insurance  comparable  to  its existing insurance
coverage  through  the  Closing  Date,  and shall not allow any breach, default,
termination or cancellation of such insurance policies or agreements to occur or
exist without curing the same within the applicable cure period.  From and after
the  Closing  Date  Seller, at its sole cost and expense, shall bear the cost of
any tail coverage respecting the policy of insurance currently in effect for the
benefit  of the officers, directors, members and managers of the Company and its
Subsidiaries  or  a  substitute policy which provides comparable benefits to the
insurance  in  force at the date hereof.  Purchaser shall not permit the Company
or  any  Subsidiary  to  cancel any policy of insurance which is in force on the
Closing  Date prior to the expiration of the current term of said policy without
the  prior  written  consent  of  the  Seller.

     7.12     LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF THE COMPANY AFTER
              ------------------------------------------------------------------
THE  CLOSING.  During  the  six  (6)  year  period  following  the Closing Date,
------------
Purchaser shall cause the Company's operating agreement to contain provisions no
less  favorable  with  respect  to  indemnification, advancement of expenses and
exculpation  of  present  and  former  managers,  members, agents, directors and
officers  of  the  Company and its Subsidiaries than are presently in effect for
such  persons  under  the  Company's  operating  agreement in effect at the date
hereof.

     7.13     [INTENTIONALLY  OMITTED].
              ------------------------

     7.14     EXPENSES.  Seller  shall  be solely responsible for the payment of
              --------
all  fees,  costs and expenses of Covington Associates in Boston, Massachusetts,
and  none  of  such fees, costs or expenses shall be charged to, or paid by, the
Company  or  any  Subsidiary.  Except as otherwise specifically provided in this
Agreement,  each  Party  shall bear its own expenses incurred in connection with
the  negotiations,  preparation,  execution  and  performance of the transaction
documents,  its  due  diligence  investigation  and  the  consummation  of  the
transaction contemplated hereby, including all fees and expenses of such Party's
representatives  and  none  of such expenses shall be charged to or borne by the
Company  or  any  Subsidiary.

     7.15     PROJECT  FINANCE  CONSENTS.

          (a)     Seller  hereby covenants and agrees that, prior to the Closing
     Date,  it  will:

               (i)     cooperate,  and  shall cause its Affiliates to cooperate,
          with  Purchaser  and  the  Company  and to utilize its best efforts to
          obtain  those  consents,  waivers  or  amendments  ("PROJECT  LENDERS'
          CONSENTS")  from the various lender parties ("PROJECT LENDERS") to the
          Project  Finance  Guaranties  (A)  listed  on Schedule 8.1(b) attached
                                                        ---------------
          hereto  and  (B)  identified  pursuant to paragraph 7.15(a)(ii) below,
          which  have an obligation of Five Million Dollars ($5,000,000) or more
          under  the  Project  Finance  Documents;  and

                                       46
<PAGE>
               (ii)     with  JLL,  use  its  best efforts to review each of the
          Project  Finance  Documents not listed on Schedule 8.1(b) and with JLL
                                                    ---------------
          mutually  determine  whether a consent is required under that document
          to  consummate  the  transaction  contemplated  by  this Agreement. In
          addition,  Seller  and  JLL  hereby  covenant  to  consider  each such
          document,  in  light  of their experience (or similar experience) with
          the  other  parties  to  the  document  and  all  other  circumstances
          applicable  to  the relevant project, in determining whether a consent
          is  reasonably  advisable  and obtainable prior to the Closing. Seller
          shall  use  commercially  reasonable  efforts  to  obtain  the Project
          Finance  Consents  identified pursuant to this paragraph 7.15 (b), and
          not  otherwise  required  pursuant  to paragraph 7.15(a), prior to the
          Closing  Date  and shall cooperate reasonably with Purchaser after the
          Closing Date to help Purchaser obtain any Project Finance Consent that
          is  not  obtained  prior  to  the  Closing  Date.

          (b)     JLL  hereby  covenants  and  agrees  that  it  will  cooperate
     reasonably  with  Seller to obtain (or minimize the cost of obtaining) such
     consents,  waivers  and amendments, including (i) working with its contacts
     at institutions that are members of its bank group or (ii) capitalizing (or
     agreeing  to  capitalize)  the  Company after the Closing at an appropriate
     level.

          (c)     Seller  agrees  that  it  shall  pay all costs and expenses in
     connection with obtaining the Project Lenders' Consents, including, without
     limitation,  any  fees  charged  by the Project Lenders with respect to the
     Project  Finance Guaranties for the processing of the Company's request for
     such  Project  Lender  Consents.

     7.16     CERTAIN  EXCLUDED  LIABILITIES.  Prior to the Closing Date, Seller
              ------------------------------
shall  cause  the  Company  or  its Subsidiaries, as the case may be, to assign,
transfer  and convey to Seller, and Seller shall accept from the Company or such
Subsidiary, all obligations and liabilities identified on Schedule 7.16 attached
                                                          -------------
hereto  (the  "EXCLUDED  LIABILITIES").

     7.17     BROKER  OF  RECORD.  Within  twenty  (20)  Business Days after the
              ------------------
Closing  Date, Purchaser shall cause an individual other than Peter Bailey to be
registered  as  "broker  of  record"  for  the  Company.

     7.18     CURRENT  SERVICE  CONTRACTS.  For  three  years  after the Closing
              ---------------------------
Date,  Seller,  in its capacity as partner or member of any of its subsidiaries,
shall  not take any action to authorize or approve the termination without cause
of  any  Current Service Contract, except to the extent that any such action may
be  necessary  or  appropriate  to  satisfy  the fiduciary duties or contractual
obligations  of Seller or its subsidiaries.  The term "Current Service Contract"
means  any  service contract now existing between (x) a subsidiary of Seller and
(y) the Company and any of its Subsidiaries.  For purposes of this Section 7.18,
                                                                   ------------
neither  the  Company  nor  any  of  its  Subsidiaries  shall  be  deemed  to be
subsidiaries  of  Seller.

                                       47
<PAGE>
     7.19     S&S  CONSTRUCTION ASSIGNMENT OF SHARES.  Prior to the Closing Date
              --------------------------------------
Seller  shall  cause  certificates  evidencing one hundred percent (100%) of the
issued  and  outstanding  shares  of  capital  stock  of  S&S Construction to be
deposited into the Escrow, duly endorsed for transfer to an entity designated by
Purchaser  at  least  three  (3)  Business  Days  before  the  Closing Date, and
transferring  and assigning such shares to said entity free and clear of any and
all Liens.  Seller shall also cause to be deposited into the Escrow prior to the
Closing  Date  a  document  which  is  dated  as of the Closing Date and is duly
executed  by  each  of  the  shareholders of S&S Construction in which each such
shareholder  acknowledges  and agrees that the shares are being assigned without
any  obligations of the Company or any Subsidiary to make any payment or provide
any  other  consideration  therefor.  Seller  hereby  acknowledges  that,  as it
relates  to  the  shares  being  so  assigned  and  transferred,  Seller  makes
representations  and warranties substantially in the form of the representations
and warranties set forth in Section 4.5 above (conformed to the fact that shares
are  being  transferred).

     7.20     NO  SOLICITATION.
              ----------------

          (a)     From  and after the date of this Agreement through the Closing
     Date, Seller shall not, directly or indirectly through any member, officer,
     director,  employee,  representative  or  agent of Seller or the Company or
     otherwise:  (i)  solicit, initiate, or encourage any inquiries or proposals
     that  constitute, or could reasonably be expected to lead to, a proposal or
     offer  for  a  merger,  consolidation,  share  or equity exchange, business
     combination,  sale  of  all or substantially all assets, sale of membership
     interests  or  similar  transactions  involving  the  Company or any of the
     Subsidiaries  other  than  the  transactions contemplated by this Agreement
     (any  of  the  foregoing inquiries or proposals an "ACQUISITION PROPOSAL");
     (ii)  engage  or  participate in negotiations or discussions concerning, or
     provide  any non-public information to any person or entity relating to any
     Acquisition  Proposal;  or  (iii)  agree to, enter into, accept, approve or
     recommend  any  Acquisition  Proposal.

          (b)     Seller  shall  notify Purchaser immediately (and no later than
     24  hours)  after  receipt  by  Seller  or  the  Company (or its respective
     advisors)  of  any  Acquisition  Proposal  or  any  request  for  nonpublic
     information in connection with an Acquisition Proposal or for access to the
     properties, books or records of the Company or any Subsidiary by any person
     or entity that informs Seller or the Company that it is considering making,
     or  has made, an Acquisition Proposal. Such notice shall be made orally and
     in  writing  and  shall  indicate  in reasonable detail the identity of the
     offeror  and the terms and conditions of such proposal, inquiry or contact.

     7.21     USE  OF  NAME.
              -------------

          (a)     On  or before the Closing Date, Seller shall cause Spaulding &
     Slye  Holdings,  Inc.  or  the  then  registered  holder  of the trademark,
     "Spaulding & Slye" ("the "Trademark") to transfer and assign to the Company
     all right, title and interest in and to the Trademark free and clear of any
     and all Liens, and free and clear of any obligation upon the Company or any
     of  the  Subsidiaries  to make any payment therefor or with respect thereto
     after  the  Closing Date. Seller shall deposit into the Escrow prior to the
     Closing  Date  a  true,  correct and complete copy of the assignment of the
     Trademark  to  the  Company, indicating that such assignment was duly filed
     with  the  United  States  Patent  and  Trademark  Office.

                                       48
<PAGE>
          (b)     Within  three  (3)  Business  Days  after  the  Closing  Date,
     Purchaser  shall  cause  the  Company to execute and deliver to Seller, and
     Seller  shall  execute  and  deliver  to  Purchaser,  a  Trademark  License
     Agreement  respecting  the  Trademark  in the form of Exhibit D hereto (the
                                                           ----------
     "LICENSE  AGREEMENT").

          (c)     From  and  after  the  Closing  Date,  neither  Seller nor any
     Affiliate of Seller shall use the name, Spaulding & Slye, or any derivation
     thereof  for  any  purpose  whatsoever  except  as  such  use  is expressly
     permitted  by  the  License  Agreement.

                                  ARTICLE VIII
                                  ------------

                              CONDITIONS TO CLOSING
                              ---------------------

     8.1     CONDITIONS  TO  PURCHASER'S  OBLIGATIONS.  The  obligations  of
             ----------------------------------------
Purchaser to purchase the Membership Interests at the Closing are subject to the
fulfillment,  on  or prior to the Closing Date, of the following conditions, any
of which may be waived by Purchaser in its sole discretion:

          (a)     REPRESENTATIONS  AND  WARRANTIES  CORRECT;  PERFORMANCE  OF
                  -----------------------------------------------------------
     OBLIGATIONS.  All  representations  and  warranties  made by Seller in this
     -----------
     Agreement shall be true and correct when made and shall be true and correct
     in all material respects on the Closing Date with the same force and effect
     as if they had been made as of the Closing Date (except where they speak to
     a different date). Seller shall have performed in all material respects all
     obligations and conditions under this Agreement required to be performed or
     observed  by Seller on or prior to the Closing Date. The Parties agree that
     the  Closing of the transaction contemplated by this Agreement shall not in
     any  manner  whatsoever  constitute a waiver or release by Purchaser of any
     claims  for  Losses  suffered  or  incurred  as  a  result of any breach of
     representation  or  warranty  by  Seller,  or failure of performance of any
     obligations  or  conditions  by  Seller  and  Purchaser,  subject  to  the
     provisions of Article IX below, shall have the unrestricted right to pursue
     and  enforce all rights and remedies with respect thereto after the Closing
     Date.

          (b)     CONSENTS  AND  WAIVERS.  Seller,  the  Company and each of the
                  ----------------------
     Subsidiaries  shall  have obtained and deposited into the Escrow all of the
     consents and waivers, and shall have given all the notices (copies of which
     shall  be  deposited  into  the  Escrow)  more  specifically  identified in
     Schedule  8.1(b)  attached  hereto.
     ----------------

          (c)     NO  INJUNCTION OR RESTRAINTS.  No temporary restraining order,
                  ----------------------------
     preliminary or permanent injunction or other legal restraint or prohibition
     preventing  or  materially  restricting or altering the consummation of the
     transactions  contemplated  by this Agreement shall be in effect, and there
     shall  not  be  any  pending action by or before any Governmental Authority
     challenging  or  seeking to restrain or prohibit in any material respect or
     materially  alter the consummation of the transactions contemplated by this
     Agreement  or  seeking  to  obtain  any  damages from any of the Parties in
     connection with the transactions contemplated by this Agreement.

                                       49
<PAGE>
          (d)     CHANGES  IN  GOVERNMENTAL  REGULATION.  There shall not be any
                  -------------------------------------
     action  taken by any Governmental Authority, or any Governmental Regulation
     changed,  enacted,  enforced  or  deemed  applicable  by  any  Governmental
     Authority  to  the Company, its Subsidiaries or the Purchaser (solely as it
     relates to Purchaser's ownership of the Membership Interests or the conduct
     of  any  Business  of  the  Company or any of the Subsidiaries) which would
     reasonably  be  expected  to  have  a  Company  Material  Adverse  Effect.

          (e)     LOSSES.  There shall have been no casualty losses or damage to
                  ------
     any  property  of  the  Company  or  any  Subsidiary since the date of this
     Agreement  (other than (i) reasonable and normal wear and tear and (ii) any
     damage  or  casualty  loss which has been repaired or replaced prior to the
     Closing  or for which repair or replacement has been commenced and proceeds
     from  insurance  or  otherwise  have been or shall be made available to the
     Company  or such Subsidiary as reasonably necessary to complete such repair
     or  replacement))  that,  together  or  aggregated  with  other such losses
     occurring  since such date, exceeds a total value of Fifty Thousand Dollars
     ($50,000).

          (f)     NO  COMPANY  MATERIAL  ADVERSE  EFFECT.  No  Company  Material
                  --------------------------------------
     Adverse  Effect  shall  have  occurred  which has not been remedied or with
     respect  to which remediation has not been commenced to the satisfaction of
     the Purchaser in its sole and absolute discretion.

          (g)     DOCUMENTS.  All  documents and instruments delivered by Seller
                  ---------
     shall be reasonably satisfactory in substance and form to Purchaser and its
     counsel,  and  Purchaser  and  its  counsel  shall  have  received all such
     counterpart  originals  or  certified  or other copies of such documents as
     they  may  reasonably  request.

          (h)     EMPLOYMENT  AGREEMENTS.  Each  Person  identified  on Schedule
                  ----------------------                                --------
     8.1(h)  shall  have  executed  and  deposited into the Escrow an Employment
     ------
     Agreement  substantially  in  the  form  of  Exhibit E(i), Exhibit E(ii) or
                                                  ------------ --------------
     Exhibit  E(iii),  as  the  case may be, attached hereto; provided, however,
     ---------------                                          --------  -------
     that  if  any  Person  listed  on  Schedule 8.1(h) is unable to execute and
                                        ---------------
     deliver  such  Employment  Agreement  as a result of such Person's death or
     permanent  and  total disability, such event shall not constitute a failure
     of  this  closing  condition.

          (i)     HSR  ACT.  The  waiting  period  under  the HSR Act shall have
                  --------
     expired and no request for additional information shall be pending.

                                       50
<PAGE>
          (j)     SELLER  CLOSING  AGREEMENTS.  Seller,  the  Company  or  a
                  ---------------------------
     Subsidiary,  whichever  is applicable, shall have deposited into the Escrow
     the  following  transaction  documents:

               (i)     An  assignment  of  membership  interest duly executed in
          blank  by  Seller;

               (ii)     An  officer's  certificate  signed  by a duly authorized
          officer  of  Seller  and  certifying  as  to  the  satisfaction of the
          conditions  set  forth  in  Section  8.1(a)  hereof;
                                      ---------------

               (iii)     A  certificate  signed  by  the  Manager  of  Seller
          certifying as to the incumbency and signature of the representative of
          Seller  executing  this  Agreement  and  any other documents signed by
          Seller  pursuant  to  this  Agreement;

               (iv)     The  certificate  of  formation  of  the Company and all
          amendments  thereto,  certified by the Delaware Secretary of State and
          the  articles  of  incorporation,  certificate  of  formation or other
          organizational  document,  and  all amendments thereto, filed with any
          Governmental  Authority  with respect to each Subsidiary, certified by
          the  Secretary  of State or other appropriate governmental official of
          the  jurisdiction  in  which  such Subsidiary was formed or organized;

               (v)     The  books  of  account,  minute  books, equity ownership
          record  books  and  other  records of the Company and its Subsidiaries
          (which  shall  be  made available to Purchaser outside of the Escrow);

               (vi)     A  certificate of good standing for each Subsidiary from
          the  Secretary  of State or other appropriate governmental official of
          the  jurisdiction  in  which  such Subsidiary was formed or organized,
          dated  within seven (7) days of the Closing Date, certifying that each
          Subsidiary is in good standing in such jurisdiction, and a certificate
          of good standing from each other jurisdiction where such Subsidiary is
          qualified  to  do  business;

               (vii)     A  certificate  of  good  standing  from  the  Delaware
          Secretary  of  State, dated within seven (7) days of the Closing Date,
          certifying  that  the  Company  is  in  good  standing in the State of
          Delaware,  and  a  certificate  of  good  standing  from  each  other
          jurisdiction  where  such the Company is qualified to do business; and

               (viii)     Uniform  Commercial  Code,  judgment  and  tax  lien
          searches  of the Seller, the Company and each Subsidiary, dated within
          seven  (7) days prior to the Closing Date, confirming that the Seller,
          Company  and  each  Subsidiary, respectively, owns its assets free and
          clear  of  any  Liens  except  Permitted  Liens.

          (k)     LEGAL  OPINION.  Seller  shall  cause to be deposited into the
                  --------------
     Escrow  an  opinion  of  Seller's  counsel with respect to the transactions
     contemplated  hereby in a form which is reasonably acceptable to Purchaser.

                                       51
<PAGE>
          (l)     670  ALBANY  STREET.  Either  (i)  the  construction  loan
                  -------------------
     respecting the property located at 670 Albany Street, Boston, Massachusetts
     shall  have  been  repaid  in  full,  the  permanent  loan  which  has been
     substituted  therefore shall not have a guarantee of principal repayment by
     the  Company  or  any  Subsidiary,  and a copy of the original note for the
     construction  loan  and lender's release of the construction loan guarantee
     each  marked,  "Paid," "Released" or "Satisfied," shall have been deposited
     into the Escrow, or (ii) Seller shall have deposited into the Escrow a duly
     executed  and  dated  certificate  from  an officer of Bank of America, the
     construction  lender,  verifying that said guarantee of principal repayment
     has  been  reduced  to  ten  percent (10%) of the Forty Six Million Dollars
     ($46,000,000)  of  principal  repayment  obligation.

          (m)     RELEASE  OF  EXCLUDED  LIABILITIES.  Seller shall deposit into
                  ----------------------------------
     the  Escrow  evidence to the effect that: (i) Seller has caused the Company
     or  its Subsidiaries, as the case may be, to assign, transfer and convey to
     Seller;  and  (ii) Seller has accepted from the Company or such Subsidiary,
     the  Excluded  Liabilities.

     8.2     CONDITIONS  TO  SELLER'S OBLIGATIONS.  The obligations of Seller to
             ------------------------------------
sell  and  deliver  the  Membership  Interests at the Closing are subject to the
fulfillment,  on  or prior to the Closing Date, of the following conditions, any
of  which  may  be  waived  by  Seller  in  its  sole  discretion:

          (a)     REPRESENTATIONS  AND  WARRANTIES  CORRECT;  PERFORMANCE  OF
                  -----------------------------------------------------------
     OBLIGATIONS.  All  representations and warranties made by JLL and Purchaser
     -----------
     in this Agreement shall be true and correct when made and shall be true and
     correct  on  the Closing Date with the same force and effect as if they had
     been  made  as  of the Closing Date. JLL and Purchaser shall have performed
     all  obligations and conditions herein required to be performed or observed
     by  JLL and Purchaser under this Agreement on or prior to the Closing Date.

          (b)     CONSENTS  AND  WAIVERS.  JLL and Purchaser shall have obtained
                  ----------------------
     all  of  the consents and waivers, and given all the notices, as and to the
     extent required in connection with the items disclosed on Schedule 6.3.
                                                               ------------

          (c)     NO  INJUNCTION OR RESTRAINTS.  No temporary restraining order,
                  ----------------------------
     preliminary or permanent injunction or other legal restraint or prohibition
     preventing  or  materially  restricting or altering the consummation of the
     transactions  contemplated  by  this Agreement shall be in effect and there
     shall  not  be  any  pending  action  by  or before any Governmental Entity
     challenging  or  seeking to restrain or prohibit in any material respect or
     materially  alter the consummation of the transactions contemplated by this
     Agreement  or  seeking  to  obtain  any  damages from any of the Parties in
     connection with the transactions contemplated by this Agreement.

          (d)     NO  JLL  MATERIAL  ADVERSE  EFFECT.  No  JLL  Material Adverse
                  ----------------------------------
     Effect  shall  have occurred which has not been remedied or with respect to
     which  remediation has not been commenced to the satisfaction of the Seller
     in  its  sole  and  absolute  discretion.

                                       52
<PAGE>
          (e)     DOCUMENTS.  All documents and instruments delivered by JLL and
                  ---------
     Purchaser  shall be reasonably satisfactory in substance and form to Seller
     and  its  counsel,  and Seller and its counsel shall have received all such
     counterpart  originals  or  certified  or other copies of such documents as
     they  may  reasonably  request.

          (f)     HSR  ACT.  The  waiting  period  under  the HSR Act shall have
                  --------
     expired and no request for additional information shall be pending.

          (g)     PURCHASER  CLOSING AGREEMENTS.  Purchaser shall have deposited
                  -----------------------------
     into the Escrow the following transaction documents:

               (i)     Officer's  certificates  signed  by  a  duly  authorized
          officer  of JLL and Purchaser and certifying as to the satisfaction of
          the  conditions  set  forth  in  Section  8.2(a)  hereof;

               (ii)     Certificates  signed by a duly authorized officer of JLL
          and  Purchaser  certifying  as  to the incumbency and signature of the
          representatives  of JLL and Purchaser executing this Agreement and any
          other documents signed by JLL and Purchaser pursuant to this Agreement
          and as to the adoption of the resolutions authorizing the transactions
          contemplated  hereby  and  thereby;

               (iii)     The  certificates of incorporation of JLL and Purchaser
          and  all  amendments thereto, duly certified by the Secretary of State
          of  the  State of Delaware, dated within seven (7) days of the Closing
          Date;  and

               (iv)     Certificates  of  good  standing  from  the Secretary of
          State  of  the  State  of Delaware, dated within seven (7) days of the
          Closing  Date,  certifying  that  each of JLL and Purchaser is in good
          standing  in the State of Delaware, and a certificate of good standing
          from  each  other  jurisdiction  where  Purchaser  is  qualified to do
          business.

          (h)     LEGAL OPINION.  Purchaser shall cause to be deposited into the
                  -------------
     Escrow  an  opinion  of  counsel  to  JLL and Purchaser with respect to the
     transactions  contemplated  hereby in a form which is reasonably acceptable
     to  Seller.

                                   ARTICLE IX
                                   ----------

                                 INDEMNIFICATION
                                 ---------------

     9.1     INDEMNIFICATION BY SELLER.  Subject to the limitations set forth in
             -------------------------
Section  9.6,  Seller  shall and hereby does indemnify each of JLL and Purchaser
------------
against,  and  hold them harmless from, and agree to defend against, any and all
Losses suffered or sustained by Purchaser (either directly or as a result of any
Loss suffered or sustained by each of JLL and the Company or any Subsidiary) and
arising  from,  in  connection  with,  or  otherwise  with  respect  to:

          (a)     any  breach  of  any  representation  or  warranty  of  Seller
     contained  in  this Agreement or in any other transaction document to which
     Seller  is  a  party;

                                       53
<PAGE>
          (b)     any breach of any covenant or agreement of Seller contained in
     this  Agreement  or  in any other transaction document to which Seller is a
     party;

          (c)     the  imposition  of  any Tax against the Company or any of its
     Subsidiaries,  Seller  or  Affiliates of Seller for any Pre-Closing Period,
     including, without limitation, Taxes of a Person other than the Company and
     its Subsidiaries for which JLL, Purchaser, the Company or any Subsidiary is
     responsible  (i)  under  Applicable Law; (ii) as a transferee or successor;
     (iii)  by  contract; or (iv) otherwise, but only to the extent any such Tax
     liability is the responsibility of Seller pursuant to Article XI;
                                                           ----------

          (d)     any  litigation  described  on  Schedule  5.10;  and
                                                  --------------

          (e)     the  Project  Finance  Documents.

     9.2     INDEMNIFICATION  BY  JLL  AND PURCHASER.  Each of JLL and Purchaser
             ---------------------------------------
shall  and  hereby does jointly and severally indemnify Seller against, and hold
it  harmless  from  and  agree to defend against, any and all Losses suffered or
sustained  by  Seller  and  arising  from,  in connection with or otherwise with
respect  to:

          (a)     any  breach  of  any  representation  or  warranty  of  JLL or
     Purchaser  contained in this Agreement or in any other transaction document
     to  which  JLL  or  Purchaser  is  a  party;

          (b)     any  breach  of  any covenant or agreement of JLL or Purchaser
     contained  in  this Agreement or in any other transaction document to which
     JLL  or  Purchaser  is  a  party;  and

          (c)     any  Losses  resulting  from the imposition of any Tax against
     the Company, any Subsidiary, Purchaser or Affiliates of Purchaser except to
     the extent Seller is liable for such Taxes pursuant to Article XI.
                                                            ----------

     9.3     CALCULATION  OF  LOSSES;  LIMITATION;  EXCLUSIVE  REMEDY.
             --------------------------------------------------------

          (a)     The  amount  of any Loss for which indemnification is provided
     under this Article IX shall be net of any amounts actually recovered by the
                ----------
     Indemnified  Party  under  insurance policies with respect to such Loss and
     shall  be (i) increased to take account of any net Tax cost incurred by the
     Indemnified  Party arising from the receipt of indemnity payments hereunder
     (grossed  up for such increase) and (ii) reduced to take account of any net
     Tax  benefit  realized by the Indemnified Party arising from the incurrence
     or  payment  of  any  such Loss and the present discounted value of any Tax
     benefit  to be realized in the future (for example if expensed payments are
     recharacterized  as capital expenditures). The Tax Cost (or Tax benefit) of
     the  Indemnified Party shall be the positive (or negative) difference equal
     to  (x)  the  Tax  payable by the Indemnified party taking into account all
     items  arising  from the receipt of any indemnity payment hereunder and the
     incurrence or payment of any indemnified Loss, minus (y) the Tax payable by
     the Indemnified Party without taking into account any item arising from the
     receipt  of  any  indemnity payment herein and the incurrence or payment of
     any  indemnified  Loss.

                                       54
<PAGE>
          (b)     The  remedies  set  forth in this Article IX shall be the sole
     and  exclusive  remedies of the Parties for any and all Losses sustained or
     incurred  by  them in connection with this Agreement, any other transaction
     document  and the transactions contemplated hereby and thereby, except with
     respect  to  fraudulent  misrepresentations  (for  which  the Parties shall
     retain all remedies at law or in equity in addition to the remedies of this
     Article  IX).
     -----------

     9.4     INDEMNIFICATION  PROCEDURES.
             ---------------------------

          (a)     In  order  for  a  Party  (in  such capacity, the "Indemnified
     Party")  to  be  entitled  to  any  indemnification provided for under this
     Agreement  in  respect  of, arising out of or involving a claim made by any
     Person  against  the  Indemnified  Party  (a  "Third  Party  Claim"),  such
     Indemnified  Party  must  notify  the  Party  from which indemnification is
     sought (in such capacity, the "Indemnifying Party") in writing of the Third
     Party Claim promptly following receipt by such Indemnified Party of written
     notice  of  the  Third Party Claim; provided, however, that failure to give
     such  notification  shall not affect the indemnification provided hereunder
     except  to  the  extent the Indemnifying Party shall have been actually and
     materially  prejudiced  as  a  result  of  such  failure.  Thereafter,  the
     Indemnified  Party  shall  deliver  to  the  Indemnifying  Party,  promptly
     following  the  Indemnified  Party's receipt thereof, copies of all notices
     and  documents  (including  court papers) received by the Indemnified Party
     relating  to  the  Third  Party  Claim  and  not  also  addressed  to  the
     Indemnifying  Party.

          (b)     If  a  Third Party Claim is made against an Indemnified Party,
     the  Indemnifying  Party  shall  be  entitled to participate in the defense
     thereof  and,  if it so chooses, to assume the defense thereof with counsel
     selected  by  the  Indemnifying  Party;  provided  that such counsel is not
     reasonably  objected  to  by  the  Indemnified  Party.  In  the  event  the
     Indemnifying  Party  duly  elects  to  assume  the defense of a Third Party
     Claim,  the Indemnifying Party shall not be liable to the Indemnified Party
     for  any  legal  expenses subsequently incurred by the Indemnified Party in
     connection  with  the defense thereof unless (i) the Indemnifying Party has
     failed  to promptly assume the defense of a Third Party Claim after receipt
     of  notice of the commencement thereof or (ii) there are defenses available
     to  the Indemnifying Party and the Indemnified Party which are sufficiently
     disparate and several such that continued representation by one counsel (or
     legal  firm) of both the Indemnifying Party and the Indemnified Party would
     materially  prejudice  the  assertion  or  prosecution  of such defenses or
     otherwise  result  in  a  conflict  of  interest  for  such counsel. If the
     Indemnifying  Party  assumes such defense, the Indemnified Party shall have
     the  right  to participate in the defense thereof and to employ counsel, at
     its  own  expense,  separate  from the counsel employed by the Indemnifying
     Party,  it  being understood that the Indemnifying Party shall control such
     defense.  If  the Indemnifying Party chooses to defend or prosecute a Third
     Party  Claim,  the  Indemnified  Party  shall  cooperate  in the defense or
     prosecution thereof. Such cooperation shall include the retention and (upon
     the  Indemnifying  Party's request) the provision to the Indemnifying Party
     of records and information that are reasonably relevant to such Third Party
     Claim  and  making  employees  available  on a mutually convenient basis to
     provide  additional  information  and  explanation of any material provided
     hereunder.  Whether  or not the Indemnifying Party assumes the defense of a
     Third Party Claim, the Indemnified Party shall not admit any liability with
     respect  to,  or  settle,  compromise  or discharge, such Third Party Claim
     without the Indemnifying Party's prior written consent (which consent shall
     not be unreasonably withheld or delayed). If the Indemnifying Party assumes
     the  defense  of  a Third Party Claim, the Indemnified Party shall agree to
     any  settlement,  compromise  or  discharge of a Third Party Claim that the
     Indemnifying  Party  may  recommend  and  that  by  its terms obligates the
     Indemnifying  Party  to  pay the full amount of the liability in connection
     with  such  Third  Party  Claim  (subject  to  reduction  pursuant  to such
     settlement),  which releases the Indemnified Party completely in connection
     with  such  Third Party Claim and that would not otherwise adversely affect
     the  Indemnified  Party.  Notwithstanding  the  foregoing, the Indemnifying
     Party  shall not be entitled to assume the defense of any Third Party Claim
     (and  shall  be liable for the fees and expenses of one counsel incurred by
     the  Indemnified  Party  in  defending such Third Party Claim) if the Third
     Party  Claim seeks an order, injunction or other equitable relief or relief
     for  other  than  money  damages  against  the  Indemnified  Party that the
     Indemnified  Party reasonably determines, after conferring with its outside
     counsel,  cannot  be separated from any related claim for money damages. If
     such  equitable relief or other relief portion of the Third Party Claim can
     be  so  separated from that for money damages, the Indemnifying Party shall
     be entitled to assume the defense of the portion relating to money damages.

                                       55
<PAGE>
          (c)     In  the  event  any  Indemnified  Party has a claim against an
     Indemnifying  Party  hereunder  that  does  not involve a Third Party Claim
     being  asserted  against  or  sought  to be collected from such Indemnified
     Party,  the  Indemnified  Party  shall  deliver  notice  of such claim with
     reasonable  promptness  to  the  Indemnifying  Party.  The  failure  by any
     Indemnified Party so to notify the Indemnifying Party shall not relieve the
     Indemnifying  Party from any liability that it may have to such Indemnified
     Party  hereunder,  except  to  the  extent  that  the  Indemnifying  Party
     demonstrates  that  it  has been materially prejudiced by such failure. The
     Indemnifying Party and the Indemnified Party shall proceed in good faith to
     negotiate  a  resolution  of  such  dispute  and,  if  not resolved through
     negotiations  within ten (10) Business Days after such dispute shall arise,
     such  dispute  shall  be  resolved by litigation in an appropriate court of
     competent  jurisdiction.

     9.5     TERMINATION  OF  INDEMNIFICATION  OBLIGATIONS.  Covenants  and
             ---------------------------------------------
agreements  of  JLL, Purchaser and Seller hereunder shall survive the Closing on
the Closing Date without limitation.  Except as is provided for below and except
with  respect  to  fraud,  the  indemnification  obligations pursuant to Section
                                                                         -------
9.1(a)  and  Section  9.2(a)  hereof shall terminate on the date which is thirty
------       ---------------
(30)  days  after  the  third  (3rd)  anniversary of the Closing Date; provided,
                                                                       --------
however,  that such indemnification obligations shall not terminate with respect
to  any item as to which the Indemnified Party shall have, before the expiration
of  such  period,  previously  made a claim by delivering a notice of such claim
(stating  in  reasonable  detail  the  basis  of  such  facts  or  claim) to the
Indemnifying  Party in accordance with Section 9.4 hereof and, provided further,
                                       -----------             -------- -------
that:  (i)  the  indemnification  obligations  set  forth in Sections 9.1(a) and
                                                             ---------------
9.2(a)  hereof shall continue indefinitely and shall not terminate for breach of
     -
representations  and  warranties  set forth in Sections 4.1, 4.2, 4.5, 5.1, 5.2,
                                               ---------------------------------
5.3, 6.1, and 6.2 hereof; (ii) the indemnification obligations for breach of the
-----------------
representations  and  warranties set forth in Sections 5.14, 5.16 or 5.17 hereof
                                              ---------------------------
shall  continue  until  the  expiration of any period after which the applicable
statute  of  limitations  would  bar  claims  by  third  parties  for  which
indemnification  would  otherwise  be  available  for  breach  of the referenced
representations  or under the above referenced indemnification provisions; (iii)
the  indemnification obligations in Sections 9.1(c) and 9.2(c) shall continue to
                                    ---------------     ------
the  extent set forth in Article X; and (iv) the indemnification obligations set
                         ---------
forth  in  Section  9.1(e) hereof shall continue for so long as Purchaser or the
           ---------------
Company,  or  their  Affiliates,  remains  liable  under  the  Project  Finance
Documents.

                                       56
<PAGE>
     9.6     PAYMENT  OF  LOSSES;  INDEMNIFICATION LIMITATION.  To the extent an
             ------------------------------------------------
Indemnified Party is entitled to indemnification for Losses under Section 9.1 or
                                                                  -----------
Section  9.2  hereof,  the  Indemnifying Party shall pay the aggregate amount of
------------
such  Losses  to  the  Indemnified  Party  within  fifteen  (15)  days after the
Indemnifying Party has agreed that it is obligated to pay indemnification or the
date  on  which  an  order  from  a court of competent jurisdiction requiring an
Indemnifying  Party  to  pay indemnification has become final and nonappealable.
Except  as is provided for below, neither Purchaser nor JLL shall be entitled to
indemnification  for  any  Losses  pursuant  to  Section 9.1(a) above unless the
                                                 --------------
aggregate  amount  of  Losses sustained by Purchaser and JLL exceeds Two Million
Two  Hundred  Thousand  Dollars  ($2,200,000.00)  (the "BASKET") in which event,
subject  to  any  limitation  upon  liability set forth below, JLL and Purchaser
shall  be  entitled  to  recover  all  Losses in excess of the Basket, provided,
                                                                       --------
however,  that  any  Losses (i) relating to fraud or (ii) which are in excess of
-------
One Million Dollars ($1,000,000.00) in connection with any separate claim by JLL
or  Purchaser  for  indemnification hereunder, shall be ineligible for inclusion
within  the  Basket.  Except  as  is  provided  for below, in no event shall the
indemnification  obligation  of  Seller  under Section 9.1(a), (c), (d), and (e)
                                               --------------  ---  ---      ---
above  exceed  the  sum  of Fifty Million Dollars ($50,000,000.00) except in the
case  of fraud in which event there shall be no limitation upon the liability of
Seller  hereunder.  Any  materiality  qualification  contained  in Article IV or
                                                                   ----------
Article V shall not be taken into account in determining the aggregate amount of
---------
the  Indemnified  Party's Losses.  For the avoidance of doubt, there is only one
Basket,  and  Purchaser  and JLL are only entitled to recover $1 for every $1 of
Loss.

     9.7     RIGHT  OF  OFFSET;  ESCROW.
             --------------------------

          (a)     Purchaser  shall  have  a  direct  right of offset against any
     payments  owing  to  Seller  to  the  extent  Purchaser  is  entitled  to
     indemnification  pursuant  to  this Article IX; provided, however, that the
                                                     --------  -------
     right of offset shall not be deemed an election of remedies or an exclusive
     remedy and Purchaser shall continue to have the right to seek any remedy at
     law, in equity or otherwise as it deems necessary or appropriate.

          (b)     In  the  event  Purchaser  exercises  its  right  of  offset
     hereunder,  Purchaser  promptly shall give written notice thereof to Seller
     (setting forth in reasonable detail the nature and scope of such claim). If
     Seller fails to deliver a written objection to Purchaser's claim within ten
     (10)  Business  Days  after  the date of Purchaser's notice to Seller, such
     claim  shall  be  deemed  fully resolved in favor of Purchaser and shall be
     deemed final and binding on the parties without further recourse. Purchaser
     shall have the right of offset to the extent of any payment owing to Seller
     hereunder;  provided,  however,  that Purchaser shall retain such claim and
                 --------   -------
     may  pursue  other  remedies at law or in equity or otherwise to the extent
     the  amount  set  off  shall  be inadequate to satisfy Purchaser's claim in
     full.

                                       57
<PAGE>
          (c)     In  the event Seller shall timely object to Purchaser's notice
     pursuant  to Section 9.7(b) above, then Purchaser shall deposit the payment
                  --------------
     with  respect to which the set off is asserted into a joint order escrow at
     Chicago  Title  & Trust Company in Chicago, Illinois (the "CT&T") pending a
     determination  of  such  claim  by  a  court  of  competent jurisdiction as
     provided  for  in Section 12.2 below or the settlement of such claim by the
                       ------------
     parties.  The fees, costs and expenses of CT&T respecting such escrow shall
     be  borne  equally  by  Purchaser  and  Seller.  Purchaser and Seller shall
     promptly  execute  and  deliver  to  each other CT&T's standard joint order
     escrow  agreement.

     9.8     CONSEQUENTIAL  DAMAGES,  ETC..  In  no  event  shall  Seller  be
             -----------------------------
responsible or liable for any Losses or other amounts under this Article IX that
are  consequential  in  the  nature  of  lost  profits,  special  or punitive or
otherwise  not  actual  damages; provided, however, that the foregoing exclusion
                                 --------  -------
shall  not  apply  to  Losses  incurred  in  any  Third  Party  Action  that are
consequential,  special or punitive or otherwise not actual damages.  Each Party
shall  (and  shall cause its Affiliates to) use reasonable commercial efforts to
pursue  all legal rights and remedies available in order to minimize the Damages
for  which  indemnification  is  provided  to it under this Article IX including
making  available  to  the  Indemnifying  Party copies of all relevant insurance
policies  and  warranties and the ability to enforce rights owned or held by the
Indemnified  Party.

                                    ARTICLE X
                                    ---------

                                   TAX MATTERS
                                   -----------

     The  following  provisions shall govern the allocation of responsibility as
between Purchaser and Seller for certain tax matters following the Closing Date:

     10.1     TAX  PERIOD ENDING ON OR BEFORE THE CLOSING DATE.  Purchaser shall
              ------------------------------------------------
prepare  or  cause  to be prepared and file or cause to be filed all Tax Returns
for  the  Company and its Subsidiaries for all periods ending on or prior to the
Closing  Date  which  are  filed  after  the Closing Date, other than income Tax
Returns  with  respect  to periods for which a consolidated, unitary or combined
income  Tax  Return of Seller will include the operations of the Company and its
Subsidiaries.  Seller shall reimburse Purchaser for Taxes of the Company and its
Subsidiaries with respect to such periods within fifteen (15) days after payment
by  Purchaser  or  the  Company and its Subsidiaries of such Taxes to the extent
Seller  does  not  retain in the Company sufficient cash to pay such Taxes or to
the extent such Taxes are not reflected in the reserve for Tax Liability (rather
than  any  reserve  for deferred Taxes established to reflect timing differences
between  book  and  Tax  income)  shown on the face of the Latest Balance Sheet.

     10.2     TAX  PERIODS  BEGINNING  BEFORE AND ENDING AFTER THE CLOSING DATE.
              -----------------------------------------------------------------
Purchaser  shall  prepare  or cause to be prepared and file or cause to be filed
any  Tax Returns of the Company and its Subsidiaries for Tax periods which begin
before  the  Closing  Date  and end after the Closing Date.  Seller shall pay to
Purchaser  within  fifteen (15) days after the date on which Taxes are paid with
respect  to  such  periods  an  amount  equal to the portion of such Taxes which
relates  to the portion of such Taxable period ending on the Closing Date to the
extent  Seller  does not retain in the Company sufficient cash to pay such Taxes
or  to  the extent such Taxes are not reflected in the reserve for Tax Liability
(rather  than  any  reserve  for  deferred  Taxes  established to reflect timing
differences between book and Tax income) shown on the face of the Latest Balance
Sheet.  For  purposes of this Section, in the case of any Taxes that are imposed
on a periodic basis and are payable for a Taxable period that includes (but does
not  end  on)  the  Closing  Date,  the portion of such Tax which relates to the
portion  of such Taxable period ending on the Closing Date shall (a) in the case
of  any  Taxes  other than Taxes based upon or related to income or receipts, be
deemed  to be the amount of such Tax for the entire Taxable period multiplied by
a  fraction  the  numerator of which is the number of days in the Taxable period
ending in the Closing Date and the denominator of which is the number of days in
the  entire Taxable period, and (b) in the case of any Tax based upon or related
to  income  or  receipts be deemed equal to the amount which would be payable if
the  relevant Taxable period ended on the Closing Date.  Any credits relating to
a  Taxable  period  that  begins before and ends after the Closing Date shall be
taken  into  account  as though the relevant Taxable period ended on the Closing
Date.  All  determinations necessary to give effect to the foregoing allocations
shall  be made in a manner consistent with prior practice of the Company and its
Subsidiaries.

                                       58
<PAGE>
     10.3     PREPARATION OF TAX RETURNS AT DIRECTION OF SELLER.  Any Tax Return
              -------------------------------------------------
to  be  prepared and filed by Purchaser for taxable periods beginning before the
Closing  Date  shall  be  prepared  on a basis consistent with the last previous
similar  Tax  Return.  Purchaser  shall consult with Seller concerning each such
Tax  Return and, subject to the immediately preceding sentence, report all items
with  respect  to  the  portion  of  the  period  ending  on the Closing Date in
accordance  with  the  instructions  of  Seller.  Notwithstanding  the foregoing
provisions  of this Section 10.3, Purchaser shall not be required to prepare any
                    ------------
Tax  Returns  or  report  any  items to the extent such preparation or reporting
would  result  in a material risk of the imposition of penalties or additions to
Tax on Purchaser or any Affiliate thereof, as reasonably determined by Purchaser
in  consultation  with  its  Tax advisors.  Purchaser shall cause the Company to
provide Seller with a copy of each such proposed Tax Return (and such additional
information  regarding such Tax Return as may reasonably be requested by Seller)
at  least 30 days prior to the filing of such Tax Return, except that (i) in the
case  of  a  Tax  Return relating to a monthly taxable period, the copy shall be
provided  to  the  Indemnification Representatives at least 10 days prior to the
filing  of  such  Tax  Return and (ii) in the case of a Tax Return due within 90
days  following  the  Closing Date, the copy shall be provided to Seller in such
shorter  period  of time prior to filing as Purchaser shall reasonably determine
to  be  practicable.

     10.4     COOPERATION  ON  TAX  MATTERS.
              ------------------------------

          (a)     Purchaser,  the  Company and its Subsidiaries and Seller shall
     cooperate  fully,  as  and  to the extent reasonably requested by the other
     Party,  in  connection  with  the  filing  of  Tax Returns pursuant to this
     Section  and  any  audit,  litigation  or  other proceeding with respect to
     Taxes.  Such  cooperation  shall  include the retention and (upon the other
     Party's  request)  the  provision  of  records  and  information  which are
     reasonably  relevant  to any such audit, litigation or other proceeding and
     making  employees  available  on  a  mutually  convenient  basis to provide
     additional  information and explanation of any material provided hereunder.
     The  Company, its Subsidiaries and Seller agree (A) to retain copies of all
     books  and records with respect to Tax matters pertinent to the Company and
     its  Subsidiaries  relating  to  any  taxable  period  beginning before the
     Closing  Date  until  the expiration of the statute of limitations (and, to
     the  extent notified by Purchaser or Seller, any extensions thereof) of the
     respective taxable periods, and to abide by all record retention agreements
     entered  into  with  any  taxing authority, and (B) to give the other Party
     reasonable  written  notice prior to transferring, destroying or discarding
     any such books and records and, if the other Party so requests, the Company
     and  its  Subsidiaries or Seller, as the case may be, shall allow the other
     Party  to  take  possession  of  such  books  and  records.

                                       59
<PAGE>
          (b)     Purchaser and Seller further agree, upon request, to use their
     best  efforts  to  obtain  any  certificate  or  other  document  from  any
     governmental authority or any other Person as may be necessary to mitigate,
     reduce  or  eliminate  any  Tax  that  could be imposed (including, but not
     limited to, with respect to the transactions contemplated hereby).

     10.5     CERTAIN  TAXES.  All  transfer,  documentary,  sales,  use, stamp,
              --------------
registration  and  other  such  Taxes  (including  any  penalties  and interest)
incurred  in  connection  with  consummation of the transactions contemplated by
this Agreement, shall be paid when due by whichever of Purchaser or Seller ("the
"PAYING  PARTY")  is  liable therefor under applicable law, and the Paying Party
will  file all necessary Tax Returns and other documentation with respect to all
such  Taxes and, if required by applicable law, the other of Purchaser or Seller
(the  "OTHER  PARTY")  will,  and  will  cause  its  Affiliates  to, join in the
execution  of  any  such  Tax  Returns and other documentation.  The Other Party
shall  reimburse  the  Paying  Party in the amount of fifty percent (50%) of all
such  Taxes  paid  by the Paying Party and fifty percent (50%) of all reasonable
expenses  incurred  by  the  Paying Party in connection with the preparation and
filing  of  all  such  Tax Returns and other documentation described above.  The
Other Party shall pay such reimbursement to the Paying Party within fifteen (15)
days  after  the  delivery by the Paying Party to the Other Party of evidence of
the  payment  by  the  Paying  Party  of  such  Taxes  and  expenses.

                                   ARTICLE XI
                                   ----------

                       TERMINATION; EFFECT OF TERMINATION
                       ----------------------------------

     11.1     TERMINATION.  This  Agreement  may  be  terminated:
              -----------

          (a)     By Seller upon written notice to Purchaser if Seller is not in
     material  breach  of its obligations under this Agreement and (i) there has
     been  a  material  breach  of  any  representation,  warranty,  covenant or
     agreement  contained  in  this  Agreement on the part of Purchaser and such
     breach  shall  not  have  been cured in all material respects within thirty
     (30)  days  of  receipt by Purchaser of written notice of such breach which
     sets  forth a detailed description of such alleged breach or (ii) Purchaser
     fails  to  consummate  the  transactions contemplated hereby on the Closing
     Date  if all conditions set forth in Section 8.1 hereof have been satisfied
                                          -----------
     or  waived  as  of  such  date;

                                       60
<PAGE>
          (b)     By Purchaser upon written notice to Seller if Purchaser is not
     in  material  breach  of its obligations under this Agreement and (i) there
     has  been  a  material  breach of any representation, warranty, covenant or
     agreement contained in this Agreement on the part of Seller and such breach
     shall  not have been cured in all material respects within thirty (30) days
     of  receipt  by  Seller of written notice of such breach which sets forth a
     detailed  description  of  such  alleged  breach;  or  (ii) Seller fails to
     consummate  the transactions contemplated hereby on the Closing Date if all
     conditions set forth in Section 8.2 hereof have been satisfied or waived as
                             -----------
     of  such  date;

          (c)     By any Party if the Closing Date has not occurred on or before
     January  15,  2006, for reasons other than the failure of the Party seeking
     termination  to  comply  in full with its obligations under this Agreement;

          (d)     By Purchaser, in the event a Company Material Adverse Effect
     has  occurred;

          (e)     By Seller, in the event a JLL Material Adverse Effect has
     occurred;  or

          (f)     By  mutual  consent  of  the  Parties.

     11.2     EFFECT  OF  TERMINATION.  In  the event of the termination of this
              -----------------------
Agreement  by Seller pursuant to Section 11.1(a) hereof or by Purchaser pursuant
                                ----------------
to  Section 11.1(b) hereof, the Parties shall be entitled to pursue all remedies
    ---------------
as  may  be  available  to  them  at  law  or  in  equity.  In  the event of the
termination  of  this  Agreement  pursuant  to Section 11.1(c), Section 11.1(d),
                                               ---------------  ---------------
Section  11.1(e)  or  Section  11.1(e)  hereof,  neither  Party  shall  have any
    ------------      ----------------
liability to the other Party as a result of such termination.  In the event that
a  condition  precedent  to  a  Party's obligation is not met, nothing contained
herein  shall be deemed to require any Party to terminate this Agreement, rather
than  to  waive  such  condition  precedent  and  proceed  with the transactions
contemplated  hereby.

                                   ARTICLE XII
                                   -----------

                                  MISCELLANEOUS
                                  -------------

     12.1     WAIVERS  AND  AMENDMENTS.  Any  amendment  or modification to this
              ------------------------
Agreement  or  the  rights  of  either  Party  shall  be  made only by a written
agreement  signed  by  both  Parties.

     12.2     GOVERNING  LAW;  JURISDICTION  AND VENUE.  This Agreement shall be
              ----------------------------------------
governed in all respects by the laws of the State of Delaware, without regard to
principles  of  choice  of  law.  The Parties hereby submit to the non-exclusive
jurisdiction  of the federal district courts sitting in Illinois and to venue in
the  Federal  District  Court  for  the  Northern  District  of  Illinois.

     12.3     ASSIGNMENT.  Except  as  provided  for  in  Section 12.5 below, no
              ----------                                  ------------
Party  shall  assign,  transfer or convey this Agreement or any of its rights or
obligations  hereunder  without  the  prior written consent of the other Parties
hereto, which consent may not be unreasonably withheld or delayed.

                                       61
<PAGE>
     12.4     NO  THIRD-PARTY  BENEFICIARIES.  This  Agreement  is  for the sole
              ------------------------------
benefit of the Parties and their permitted assigns, and nothing herein expressed
or  implied  shall give or be construed to give to any other Person any legal or
equitable  rights  hereunder.

     12.5     SUCCESSORS  AND  ASSIGNS.  Except  as otherwise expressly provided
              ------------------------
herein,  the  provisions of this Agreement shall inure to the benefit of, and be
binding  upon,  the successors and assigns of the Parties.  Purchaser shall have
the  right  to assign this Agreement and the rights and obligations of Purchaser
hereunder  to  any  Affiliate  of  Purchaser.

     12.6     ENTIRE  AGREEMENT.  This  Agreement  (including  the schedules and
              -----------------
exhibits  hereto which are an integral part hereof) and the other agreements and
documents  to  be  delivered pursuant hereto constitute the entire understanding
and  agreement  between the Parties with regard to the subject matter hereof and
thereof  and supersede all prior or contemporaneous understandings or agreements
between  the  Parties,  whether  written  or  oral, with respect to such subject
matter.

     12.7     NOTICES. All notices or other communications required or permitted
              -------
to  be  given  under  this  Agreement  shall  be  in  writing  and shall be hand
delivered, sent via United States registered or certified mail, postage prepaid,
sent  by  facsimile  (with  a  copy  sent by U.S. mail), or sent via a reputable
overnight  courier  service  to  a Party at the address for such Party set forth
below  (or  at such other address as such Party shall specify by notice given in
accordance  with  the  requirements  of  this  Section  12.7):
                                               -------------

     If to Seller:                    Spaulding and Slye Partners LLC
                                      255  State  Street
                                      Boston,  Massachusetts  02109
                                      Attn:  Peter  A.  Bailey
                                      Fax:  (617) 531-4282

     With a copy to:                  Robert  Tuchmann,  Esq.
                                      Wilmer Cutler Pickering Hale and Dorr LLP
                                      60 State Street
                                      Boston, MA  02109
                                      Fax:  (617) 526-5000

     If to JLL or Purchaser, to:      Jones  Lang  LaSalle  Incorporated  and
                                      Spaulding  &  Slye  Acquisition  Corp.
                                      200  East  Randolph  Street
                                      Chicago,  Illinois  60602
                                      Attn:  General  Counsel
                                      Fax:  (312)  228-2277

                                       62
<PAGE>
     With a copy to:                  Stephen  A.  Landsman,  Esq.
                                      DLA  Piper  Rudnick  Gray  Cary  US  LLP
                                      203  North  LaSalle  Street,  Suite  1900
                                      Chicago,  Illinois  60601
                                      Fax:  (312)  630-6330

     All  notices duly given in accordance with the requirements of this Section
                                                                         -------
12.7  shall  be  deemed  given when delivered by hand, three Business Days after
----
deposit  in  the United States mail, on the date of receipt if sent by facsimile
or  one  Business  Day  after  deposit in the case of overnight courier service.

     12.8     SEVERABILITY.  In  the  event that any provision of this Agreement
              ------------
shall  be  found  by a court of competent jurisdiction to be invalid, illegal or
unenforceable,  the  validity,  legality  and  enforceability  of  the remaining
provisions  of  this  Agreement  shall  not  in  any way be affected or impaired
thereby.

     12.9     TITLES.  The titles of the articles and sections of this Agreement
              ------
are for convenience of reference only and are not to be considered in construing
this  Agreement.

     12.10     DELAYS  OR OMISSIONS; CUMULATIVE NATURE OF REMEDIES.  No delay or
               ---------------------------------------------------
omission  to  exercise  any  right,  power or remedy accruing to any Party shall
impair  any such right, power or remedy of such Party, nor shall it be construed
to  be  a  waiver  of,  or  acquiescence  in,  any  breach or default under this
Agreement  or  any  similar breach or default thereafter occurring.  No delay or
omission  to  exercise any right, power or remedy or waiver of any single breach
or  default  shall  be  deemed  a  waiver of any other right, power or remedy or
breach  or default theretofore or thereafter occurring.  All remedies of Seller,
JLL,  and  Purchaser,  whether  under  this  Agreement or available at law or in
equity,  shall  be  cumulative  and  not  alternative.

     12.11     COUNTERPARTS.  This  Agreement  may  be  executed  in two or more
               ------------
counterparts,  and  by the Parties on separate counterparts, each of which shall
be  an  original,  but  all  of  which together shall constitute one instrument.

     12.12     WAIVER  OF  TRIAL BY JURY.  Each of the Parties hereby knowingly,
               --------------------------
voluntarily and intentionally waives the right it may have to a trial by jury in
respect  of any litigation based upon, or arising out of, under or in connection
with  this  Agreement.

     12.13     FURTHER  ASSURANCES.  Upon  the  request of any Party, each other
               -------------------
Party  shall,  on  and  after  the  Closing  Date,  execute  and  deliver to the
requesting  Party  such other documents, further releases, assignments and other
instruments  as  may  be  required  or  deemed reasonably necessary to effect or
evidence  the  transfer  and assignment to Purchaser of the Membership Interests
and  to  otherwise  carry  out  the  purposes  of  this  Agreement.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       63
<PAGE>
     IN  WITNESS  WHEREOF,  the  Parties  have  caused this Agreement to be duly
executed  and  delivered by their duly authorized representatives as of the date
first  written  above.

                                        JONES LANG LASALLE INCORPORATED

                                        By:  /s/ Lauralee E. Martin
                                             Name: Lauralee E. Martin
                                             Title:  COO/CFO

                                        SPAULDING & SLYE ACQUISITION CORP.

                                        By:  /s/ Lauralee E. Martin
                                             Name:  Lauralee E. Martin
                                             Title:  COO/CFO

                                        SPAULDING AND SLYE PARTNERS LLC

                                        By:  Spaulding and Slye Holdings, LLC,
                                             Sole Manager

                                        By:  /s/ Peter A. Bailey
                                             Name:  Peter A. Bailey

                                       64

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