Document:

EX-10.15 AMENDED CREDIT & SECURITY AGREEMENT

 

Exhibit 10.15

AMENDMENT TO AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT

          THIS AMENDMENT (this “Amendment”) is entered into as of October 25, 2006, by and among:

     (a) Rock-Tenn Financial, Inc., a Delaware corporation (“Borrower”),

     (b) Rock-Tenn Converting Company, a Georgia corporation (“Converting”), as
initial Servicer (the Servicer together with Borrower, the “Loan Parties” and each,
a “Loan Party”),

     (c) Variable Funding Capital Company LLC, a Delaware limited liability company,
as assignee of Blue Ridge Asset Funding Corporation (“VFCC” or a “Conduit”), and
Wachovia Bank, National Association, in its capacity as liquidity provider to VFCC
(together with its successor, “Wachovia” and together with VFCC, the “VFCC Group” or
a “Conduit Group”),

     (d) Three Pillars Funding LLC, a Delaware limited liability company (“TPF” or a
“Conduit”), and SunTrust Bank, in its capacity as liquidity provider to TPF
(together with its successor, “SunTrust” and together with TPF, the “TPF Group” or a
“Conduit Group”),

     (e) Wachovia Bank, National Association, in its capacity as agent for the VFCC
Group (together with its successors and assigns in such capacity, the “VFCC Agent”
or a “Co-Agent”), and SunTrust Capital Markets, Inc., in its capacity as agent for
the TPF Group (together with its successors and assigns in such capacity, the “TPF
Agent” or a “Co-Agent”), and

     (f) Wachovia Bank, National Association, in it capacity as administrative agent
for the Lenders hereunder or any successor administrative agent hereunder (together
with its successors and assigns hereunder, the “Administrative Agent” and together
with the Co-Agents, the “Agents”),

with respect to that certain Amended and Restated Credit and Security Agreement dated as of October
26, 2005, by and among the parties (the “Existing Agreement”). The Existing Agreement as amended
hereby is sometimes hereinafter referred to as the “Agreement.”

          Unless otherwise indicated, capitalized terms used in this Amendment are used with the
meanings attributed thereto in the Existing Agreement.

WITNESSETH:

     WHEREAS, the parties wish to modify the Existing Agreement as hereinafter set
forth;

          NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained,
the parties hereto hereby agree as follows:

 

 

          1. Amendment to Existing Agreement. Subject to the terms and conditions hereinafter
set forth, the parties hereby agree as follows:

          1.1. All references in the Existing Agreement to “Blue Ridge Asset Funding Corporation” and to
“Blue Ridge” (whether alone or as part of another defined term) are hereby replaced with references
to “Variable Funding Capital Company LLC” and “VFCC”, respectively.

          1.2. Section 3.1 of the Existing Agreement is hereby amended and restated in its entirety to
read as follows:

     Section 3.1. CP Costs. Borrower shall pay CP Costs with respect to the
principal balance of the Loans from time to time outstanding.

          1.3. Section 14.5(b) of the Existing Agreement is hereby amended and restated in its entirety
to read as follows:

     (b) Each of the Lenders and each of the Agents shall maintain and shall cause
each of its officers, directors, employees, investors, potential investors, credit
enhancers, outside accountants, attorneys and other advisors to maintain the
confidentiality of any nonpublic information with respect to the Originators and
the Loan Parties, except that any of the foregoing may disclose such information
(i) to any party to this Agreement, (ii) to any provider of a surety, guaranty or
credit or liquidity enhancement to any Conduit, (iii) to the outside accountants,
attorneys and other advisors of any Person described in clause (i) or (ii) above,
(iv) to any prospective or actual assignee or participant of any of the Agents or
any Lender, (v) to any rating agency who rates the Commercial Paper, to any
Commercial Paper dealer, (vi) to any other entity organized for the purpose of
purchasing, or making loans secured by, financial assets for which Wachovia or
SunTrust (or one of their Affiliates) acts as the administrative agent and to any
officers, directors, employees, outside accountants and attorneys of each of the
foregoing, provided that each Person described in the foregoing clause (ii), (iii),
(iv), (v) or (vi) is informed of the confidential nature of such information and,
in the case of a Person described in clause (iv), agrees in writing to maintain the
confidentiality of such information in accordance with this Section 14.5(b); and
(vii) as required pursuant to any law, rule, regulation, direction, request or
order of any judicial, administrative or regulatory authority or proceedings
(whether or not having the force or effect of law). Notwithstanding the foregoing,
(x) each Conduit and its officers, directors, employees, investors, potential
investors, credit enhancers, outside accountants, attorneys and other advisors
shall be permitted to disclose Receivables performance information and details
concerning the structure of the facility contemplated hereby in summary form and in
a manner not identifying the Originators, the Borrower, the Servicer, the Parent,
or the Obligors to prospective investors in Commercial Paper issued by such
Conduit, and (y) the Conduits, the Agents and the Lenders shall have no obligation
of confidentiality in respect of
any information which may be generally available to the public or becomes
available to the public through no fault of theirs or their respective Affiliates.

2

 

          1.4. The following new definitions are hereby inserted in Exhibit I to the Existing Agreement
in their appropriate alphabetical order:

          “VFCC Commercial Paper Rate” means, for any CP Tranche Period of VFCC, a rate
per annum equal to the sum of (i) the rate or, if more than one rate, the weighted
average of the rates, determined by converting to an interest-bearing equivalent
rate per annum the discount rate (or rates) at which VFCC’s Related Commercial Paper
outstanding during such CP Tranche Period has been or may be sold by any placement
agent or commercial paper dealer selected by the VFCC Agent, plus (ii) the
commissions and charges charged by such placement agent or commercial paper dealer
with respect to such Related Commercial Paper, expressed as a percentage of the face
amount thereof and converted to an interest-bearing equivalent rate per annum.

          1.5. Each of the following definitions in the Existing Agreement is hereby amended and
restated in its entirety to read, respectively, as follows:

          “CP Costs” means:

          (A) for TPF, for each day, the sum of (i) discount or interest accrued on its
Related Commercial Paper at the TPF Commercial Paper Rate on such day, plus (ii) any
and all accrued commissions and fees of placement agents, dealers and issuing and
paying agents incurred in respect of such Related Commercial Paper for such day; and

          (B) for VFCC, for each day, the sum of (i) discount or interest accrued on its
Related Commercial Paper at the VFCC Commercial Paper Rate on such day, plus (ii)
any and all accrued commissions and fees of placement agents, dealers and issuing
and paying agents incurred in respect of such Related Commercial Paper for such day,
plus (iii) other costs associated with funding small or odd-lot amounts with respect
to all receivable purchase facilities which are funded by Pooled Commercial Paper
for such day.

          “Related Commercial Paper” means, for any period with respect to either
Conduit, any Commercial Paper of such Conduit issued or deemed issued for purposes
of financing or maintaining any Loan by such Conduit (including any discount, yield,
or interest thereon) outstanding on any day during such period.

          1.6.
The definition of “Pooled Commercial Paper” in Exhibit I to the Existing Agreement is
hereby deleted in its entirety.

          2. Condition Precedent. This Amendment shall become effective as of the date first
above written upon receipt by the Administrative Agent of a counterpart hereof duly executed by
each of the parties hereto.

3

 

          3. Miscellaneous.

          3.1. Except as expressly amended hereby, the Existing Agreement shall remain unaltered and in
full force and effect, and each of the parties hereby ratifies and confirms each of the Transaction
Documents to which it is a party.

          3.2. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS
OF THE STATE OF GEORGIA WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW.

          3.3. EACH OF THE COMPANIES HEREBY ACKNOWLEDGES AND AGREES THAT:

          3.3.1. IT IRREVOCABLY (i) SUBMITS TO THE NON-EXCLUSIVE JURISDICTION, FIRST, OF ANY
UNITED STATES FEDERAL COURT, AND SECOND, IF FEDERAL JURISDICTION IS NOT AVAILABLE, OF ANY
GEORGIA STATE COURT, IN EITHER CASE SITTING IN FULTON COUNTY, GEORGIA, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THE AGREEMENTS, AND (ii) WAIVES, TO THE FULLEST
EXTENT IT MAY EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF
AN ACTION OR PROCEEDING IN SUCH COURTS.

          3.3.2. TO THE EXTENT THAT IT HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM THE
JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE,
ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID TO EXECUTION, EXECUTION OR OTHERWISE) WITH
RESPECT TO ITSELF OR ITS PROPERTY, IT HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF
ITS OBLIGATIONS UNDER OR IN CONNECTION WITH THE EXISTING AGREEMENT (OR EXISTING AGREEMENTS)
TO WHICH IT IS A PARTY.

          3.4. This Amendment may be executed in any number of counterparts and by the different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same Amendment.

<Signature pages follow>

4

 

          IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above
written.

ROCK-TENN FINANCIAL, INC., as Borrower

	 	 	 	 	 
	By: 
	 	/s/ JUSTIN MARTORANA 	 	 
	 
	 	Name:  Justin Martorana	 	 
	 

	 	Title:    Treasurer	 	 

ROCK-TENN CONVERTING COMPANY, as Servicer

	 	 	 	 	 
	By: 
	 	/s/ GREGORY L. KING	 	 
	 
	 	Name:  Gregory L. King	 	 
	 
	 	Title:    VP, Treasurer, and Assistant Secretary	 	 

5

 

VARIABLE FUNDING CAPITAL COMPANY LLC

BY: WACHOVIA CAPITAL MARKETS, LLC, ITS ATTORNEY-IN-FACT

	 	 	 	 	 
	By:

	 	/s/ DOUGLAS R. WILSON, SR.
 

Name:  Douglas R. Wilson, Sr.
	 	 
	 

	 	Title:    Vice President	 	 

6

 

WACHOVIA BANK, NATIONAL ASSOCIATION, as Blue Ridge Agent, a Liquidity Bank and as
Administrative Agent

	 	 	 	 	 
	By: 
	 	/s/ ELIZABETH R. WAGNER	 	 
	 
	 	Name:  Elizabeth R. Wagner	 	 
	 
	 	Title:    Managing Director	 	 

7

 

THREE PILLARS FUNDING LLC

	 	 	 	 	 
	By: 
	 	/s/ DORIS J. HEARN	 	 
	 
	 	Name:  Doris J. Hearn	 	 
	 
	 	Title:    Vice President	 	 

8

 

SUNTRUST CAPITAL MARKETS, INC., as TPF Agent

	 	 	 	 	 
	By: 
	 	/s/ MICHAEL G. MAZA	 	 
	 
	 	Name:  Michael G. Maza	 	 
	 

	 	Title:    Managing Director	 	 

SUNTRUST BANK, as TPF Liquidity Bank

	 	 	 	 	 
	By: 
	 	/s/ STACY M. LEWIS	 	 
	 
	 	Name:  Stacy M. Lewis	 	 
	 
	 	Title:    Vice President	 	 

9<PAGE>

                                                                     Exhibit 4.1

                       THE GOODYEAR TIRE & RUBBER COMPANY

                       FLOATING RATE SENIOR NOTES DUE 2009
                          8.625% SENIOR NOTES DUE 2011

                               PURCHASE AGREEMENT

                                                               November 16, 2006

GOLDMAN, SACHS & CO.,
85 Broad Street,
New York, New York 10004.

Ladies and Gentlemen:

The Goodyear Tire & Rubber Company, an Ohio corporation (the "Company"),
proposes, subject to the terms and conditions stated herein, to issue and sell
to Goldman, Sachs & Co. (the "Purchaser") an aggregate of $500.0 million
principal amount of Floating Rate Senior Notes due 2009 (the "Floating Rate
Notes") and $500.0 million principal amount of 8.625% Senior Notes due 2011 (the
"Fixed Rate Notes" and, together with the Floating Rate Notes, the
"Securities"). The Securities will be issued pursuant to an indenture (the
"Indenture") to be dated as of November 21, 2006, among the Company, the
subsidiary guarantors signatory hereto (the "Subsidiary Guarantors") and Wells
Fargo Bank, N.A., as trustee (the "Trustee") and will be guaranteed on an
unsecured senior basis by each of the Subsidiary Guarantors (the "Guarantees").
Capitalized terms used but not defined herein shall have the meanings given to
such terms in the Pricing Circular (as defined below).

The sale of the Securities to the Purchaser will be made without registration
under the Securities Act of 1933, as amended (the "Securities Act"), in reliance
upon exemptions from the registration requirements of the Securities Act.

<PAGE>

1.   The Company and each of the Subsidiary Guarantors, jointly and severally,
     represent and warrant to, and agree with, the Purchaser that:

     (a)  A preliminary offering circular, dated November 16, 2006 (the
          "Preliminary Offering Circular") and an offering circular, dated
          November 16, 2006 (the "Offering Circular"), have been prepared in
          connection with the offering of the Securities. The Preliminary
          Offering Circular, as amended and supplemented immediately prior to
          the Applicable Time (as defined in Section 1(b)), is hereinafter
          referred to the "Pricing Circular". Any reference to the Preliminary
          Offering Circular, the Pricing Circular or the Offering Circular shall
          be deemed to refer to and include the Company's most recent Annual
          Report on Form 10-K and all subsequent documents filed with the United
          States Securities and Exchange Commission (the "Commission") pursuant
          to Section 13(a), 13(c) or 15(d) of the United States Securities
          Exchange Act of 1934, as amended (the "Exchange Act") (excluding
          information furnished under Item 2.02 or Item 7.01 of any current
          report on Form 8-K) on or prior to the date of such circular and any
          reference to the Preliminary Offering Circular or the Offering
          Circular, as the case may be, as amended or supplemented, as of any
          specified date, shall be deemed to include (i) any documents filed
          with the Commission pursuant to Section 13(a), 13(c) or 15(d) of the
          Exchange Act after the date of the Preliminary Offering Circular or
          the Offering Circular, as the case may be, and prior to such specified
          date (excluding information furnished under Item 2.02 or 7.01 of any
          current report on Form 8-K) and (ii) any Additional Issuer Information
          (as defined in Section 5(g)) furnished by the Company prior to the
          completion of the distribution of the Securities; and all documents
          filed under the Exchange Act and so deemed to be included in the
          Preliminary Offering Circular, the Pricing Circular or the Offering
          Circular, as the case may be, or any amendment or supplement thereto,
          are hereinafter called the "Exchange Act Reports". The Exchange Act
          Reports, when they were or are filed with the Commission, conformed or
          will conform in all material respects to the applicable requirements
          of the Exchange Act and the applicable rules and regulations of the
          Commission thereunder; and no such documents were filed with the
          Commission since the Commission's close of business on the business
          day immediately prior to the date of this Agreement and prior to the
          execution of this Agreement, except as set forth on Schedule I(a)
          hereof. The Preliminary Offering Circular or the Offering Circular and
          any amendments or supplements thereto and the Exchange Act Reports did
          not and will not, as of their respective dates, contain an untrue
          statement of a material fact or omit to state a material fact
          necessary in order to make the statements therein, in the light of the
          circumstances under which they were made, not misleading; provided,
          however, that this representation and warranty shall not apply to any
          statements or omissions made in reliance upon and in conformity with
          information furnished in writing to the Company by Goldman, Sachs &
          Co. expressly for use therein;

     (b)  For the purposes of this Agreement, the "Applicable Time" is 4:00 p.m.
          (Eastern time) on the date of this Agreement; the Pricing Circular as
          supplemented by the information set forth in Schedule II hereto, taken
          together (collectively, the "Pricing Disclosure Package") as of the
          Applicable Time, did not include any untrue statement of a material
          fact or omit to state any material fact necessary in order to make the
          statements therein, in the light of the circumstances under which they
          were made, not misleading; and each Company Supplemental Disclosure
          Document (as defined in Section 6(a)) listed on Schedule I(b) hereto
          does not conflict with the information contained in the Pricing
          Circular or the Offering Circular and each such Company Supplemental
          Disclosure Document, as supplemented by and taken together with the
          Pricing Disclosure Package as of the Applicable Time, did not

                                        2

<PAGE>

          include any untrue statement of a material fact or omit to state any
          material fact necessary in order to make the statements therein, in
          the light of the circumstances under which they were made, not
          misleading; provided, however, that this representation and warranty
          shall not apply to statements or omissions made in a Company
          Supplemental Disclosure Document in reliance upon and in conformity
          with information furnished in writing to the Company by Goldman, Sachs
          & Co. expressly for use therein;

     (c)  Neither the Company nor any of its subsidiaries has sustained since
          the date of the latest audited financial statements included in the
          Pricing Circular any loss or interference with its business that is
          material to the Company and its subsidiaries taken as a whole from
          fire, explosion, flood or other calamity, whether or not covered by
          insurance, or from any labor dispute or court or governmental action,
          order or decree, except as set forth or contemplated in the Pricing
          Circular; and, since the respective dates as of which information is
          given in the Pricing Circular, there has not been any change in the
          capital stock (other than issuances pursuant to equity incentive
          plans) or increase in long-term debt of the Company or any of its
          subsidiaries that is material to the Company and its subsidiaries
          taken as a whole, or any material adverse change, or any development
          that would reasonably be expected to result in a material adverse
          change, in or affecting the business, properties, financial position
          or results of operations of the Company and its subsidiaries taken as
          a whole, except as set forth or contemplated in the Pricing Circular.
          As used in this Agreement, a "subsidiary" of any person means any
          corporation, association, partnership or other business entity of
          which more than 50% of the total voting power of shares of capital
          stock or other interests (including partnership interests) entitled
          (without regard to the occurrence of any contingency) to vote in the
          election of directors, managers or trustees thereof is at the time
          owned or controlled, directly or indirectly, by: (i) such person, (ii)
          such person and one or more subsidiaries of such person or (iii) one
          or more subsidiaries of such person;

     (d)  The Company and its subsidiaries have good and marketable title in fee
          simple to all real property and good and marketable title to all
          personal property owned by them, in each case free and clear of all
          liens, encumbrances and defects except (i) such as are described in
          the Pricing Circular or (ii) such as do not materially affect the
          value of such property and do not interfere with the use made and
          proposed to be made of such property by the Company and its
          subsidiaries or (iii) such as could not reasonably be expected,
          individually or in the aggregate, to have a material adverse effect on
          the business, properties, financial position or results of operations
          of the Company and its subsidiaries taken as a whole or on the
          performance by the Company of its obligations under the Securities (a
          "Material Adverse Effect") or (iv) "Permitted Liens" as defined in the
          Indenture; and any real property and buildings held under lease by the
          Company and its subsidiaries are held by them under valid, subsisting
          and enforceable leases with such exceptions as are not material and do
          not interfere with the use made and proposed to be made of such
          property and buildings by the Company and its subsidiaries taken as a
          whole in any material respect;

     (e)  The Company and its subsidiaries own, license or otherwise possess
          adequate rights to use all material patents, patent applications,
          trademarks, service marks, trade names, trademark registrations,
          service mark registrations, copyrights, licenses and know-how
          (including trade secrets and other unpatented and/or unpatentable
          proprietary or confidential information, systems or procedures)
          necessary for the conduct of their respective businesses, except where
          the failure to own, license or otherwise possess such rights would not
          reasonably be expected to have a Material Adverse Effect; and the
          conduct of their respective businesses

                                        3

<PAGE>

          will not conflict in any respect with any such rights of others, and
          the Company and, to the best of the Company's knowledge, its
          subsidiaries, have not received written notice of any claim of
          infringement of or conflict with any such rights of others, except in
          each case such conflicts or infringements that, if adversely
          determined against the Company or any of its subsidiaries, would not
          reasonably be expected to have a Material Adverse Effect;

     (f)  The financial statements and the related notes thereto included in the
          Pricing Circular present fairly in all material respects the
          consolidated financial position of the Company and its consolidated
          subsidiaries as of the dates indicated and the results of their
          operations and the changes in their cash flows for the periods
          specified, in each case, on a consolidated basis; such financial
          statements have been prepared in conformity with United States
          generally accepted accounting principles applied on a consistent basis
          throughout the periods covered thereby; and the other financial
          information included in the Pricing Circular has been derived from the
          accounting records of the Company and its subsidiaries and presents
          fairly in all material respects the information shown thereby;

     (g)  Since the date of the latest audited financial statements of the
          Company included in the Pricing Circular, neither the Company nor any
          of its subsidiaries has entered into any transaction or agreement that
          is material to the Company and its subsidiaries taken as a whole or
          incurred any liability or obligation, direct or contingent, that is
          material to the Company and its subsidiaries taken as a whole, other
          than as set forth in the Pricing Circular;

     (h)  Each of the Company and the Subsidiary Guarantors has been duly
          organized and is validly existing and in good standing under the laws
          of their respective jurisdictions of organization, with all requisite
          power and authority (corporate and other) necessary to own its
          properties and conduct its business as described in the Pricing
          Circular, and has been duly qualified as a foreign corporation or
          limited liability company for the transaction of business and is in
          good standing under the laws of each other jurisdiction in which it
          owns or leases properties or conducts any business so as to require
          such qualification, or is subject to no liability or disability that
          is material to the Company and its subsidiaries taken as a whole by
          reason of the failure to be so qualified or in good standing in any
          such jurisdiction;

     (i)  The Company has an authorized capitalization as set forth in the
          Pricing Circular, and all of the issued shares of capital stock of the
          Company have been duly and validly authorized and issued and are fully
          paid and non-assessable; and all of the issued shares of capital stock
          or other equity interests of each significant subsidiary (for purposes
          of this Section, as defined in Rule 1-02 of Regulation S-X under the
          Exchange Act) of the Company have been duly and validly authorized and
          issued, are fully paid and non-assessable and (except for directors'
          qualifying shares and except as otherwise set forth in the Pricing
          Circular) the capital stock or other equity interests of each
          Subsidiary Guarantor and each significant subsidiary is owned directly
          or indirectly by the Company, free and clear of any lien, charge,
          encumbrance, security interest, restriction on voting or transfer or
          any other claim of any third party other than those which are
          "Permitted Liens" as defined in the Indenture. Except as described in
          the Pricing Circular, there are no outstanding subscriptions, rights,
          warrants, calls or options to acquire, or instruments convertible into
          or exchangeable for, or agreements or understandings with respect to
          the sale or issuance of, any shares of capital stock of or other
          equity or other ownership interest in the Company or any of its
          significant subsidiaries;

                                        4

<PAGE>

     (j)  Each of the Company and the Subsidiary Guarantors has full right,
          corporate or limited liability company power, as applicable, and
          authority to execute and deliver, as applicable, this Agreement, the
          Securities, the Indenture (including each Guarantee set forth
          therein), the Exchange Securities (as defined in the Indenture)
          (including the related guarantees) and the Registration Rights
          Agreements each dated as of the Time of Delivery among the Company,
          the Subsidiary Guarantors and the Purchaser (the "Registration Rights
          Agreements" and together with this Agreement, the Securities, the
          Exchange Securities (including the related guarantees) and the
          Indenture (including each Guarantee set forth therein), the
          "Transaction Documents") and to perform their respective obligations
          hereunder and thereunder; and all corporate or limited liability
          company action, as applicable, required to be taken for the due and
          proper authorization, execution and delivery of each of the
          Transaction Documents and the consummation of the transactions
          contemplated thereby has been duly and validly taken;

     (k)  The Indenture has been duly authorized by the Company and each of the
          Subsidiary Guarantors and, when duly executed and delivered in
          accordance with its terms by each of the parties thereto, will
          constitute a valid and legally binding agreement of the Company and
          each of the Subsidiary Guarantors enforceable against the Company and
          each of the Subsidiary Guarantors in accordance with its terms,
          subject, as to enforcement, to bankruptcy, insolvency, fraudulent
          transfer, reorganization, moratorium and other laws of general
          applicability relating to or affecting creditors' rights and to
          general equity principles regardless of whether considered in a
          proceeding in equity or at law (collectively, the "Enforceability
          Exceptions"), and as of the Time of Delivery, the Indenture will
          conform in all material respects to the requirements of the Trust
          Indenture Act of 1939, as amended (the "Trust Indenture Act") and the
          rules and regulations of the Commission applicable to an indenture
          qualified thereunder;

     (l)  The Securities have been duly authorized by the Company and, when duly
          executed, authenticated, issued and delivered as provided in the
          Indenture and paid for as provided herein, will be duly and validly
          issued and outstanding and will constitute valid and legally binding
          obligations of the Company enforceable against the Company in
          accordance with their terms, subject to the Enforceability Exceptions,
          and will be entitled to the benefits of the Indenture; and the
          Guarantees have been duly authorized by each of the Subsidiary
          Guarantors and, when the Securities have been duly executed,
          authenticated, issued and delivered as provided in the Indenture and
          paid for as provided herein, will be valid and legally binding
          obligations of each of the Subsidiary Guarantors, enforceable against
          each of the Subsidiary Guarantors in accordance with their terms,
          subject to the Enforceability Exceptions, and will be entitled to the
          benefits of the Indenture;

     (m)  As of the Time of Delivery, the Exchange Securities (including the
          related guarantees) will have been duly authorized by the Company and
          each of the Subsidiary Guarantors and, when duly executed,
          authenticated, issued and delivered in accordance with the Indenture
          and the Registration Rights Agreements, will be duly and validly
          issued and outstanding and will constitute valid and legally binding
          obligations of the Company, as issuer, and each of the Subsidiary
          Guarantors, as guarantor, enforceable against the Company and each of
          the Subsidiary Guarantors in accordance with their terms, subject to
          the Enforceability Exceptions, and will be entitled to the benefits of
          the Indenture;

     (n)  This Agreement has been duly authorized, executed and delivered by the
          Company and each of the Subsidiary Guarantors; and the Registration
          Rights Agreements have been duly

                                        5

<PAGE>

          authorized by the Company and each of the Subsidiary Guarantors and,
          when duly executed and delivered in accordance with their terms by
          each of the parties thereto, will constitute valid and legally binding
          agreements of the Company and each of the Subsidiary Guarantors
          enforceable against the Company and each of the Subsidiary Guarantors
          in accordance with their terms, subject to the Enforceability
          Exceptions, and except that rights to indemnity and contribution
          thereunder may be limited by applicable law and public policy. There
          are no other persons with registration rights or similar rights to
          have any securities of the Company or the Subsidiary Guarantors other
          than the Securities registered under a registration statement filed
          under the Securities Act;

     (o)  Each Transaction Document conforms in all material respects to the
          description thereof contained in the Pricing Circular and the Offering
          Circular;

     (p)  None of the transactions contemplated by this Agreement (including,
          without limitation, the use of the proceeds from the sale of the
          Securities as described in the Pricing Circular) will violate or
          result in a violation of Section 7 of the Exchange Act, or any
          regulation promulgated thereunder, including, without limitation,
          Regulations T, U, and X of the Board of Governors of the Federal
          Reserve System;

     (q)  Prior to the date hereof, neither the Company nor any of its
          affiliates (as defined in Rule 144 under the Securities Act) has taken
          any action which is designed to or which has constituted or which
          might have been expected to cause or result in stabilization or
          manipulation of the price of any security of the Company in connection
          with the offering of the Securities;

     (r)  The execution, delivery and performance by each of the Company and the
          Subsidiary Guarantors of each of the Transaction Documents to which it
          is a party, the issuance and sale of the Securities (including the
          Guarantees) and the compliance by each of the Company and the
          Subsidiary Guarantors with all of the provisions of the Transaction
          Documents, and the consummation of the transactions herein and therein
          contemplated will not (i) conflict with or result in a breach or
          violation of any of the terms or provisions of, or constitute a
          default under, any indenture, mortgage, deed of trust, loan agreement
          or other agreement or instrument to which the Company or any of its
          subsidiaries is a party or by which the Company or any of its
          subsidiaries is bound or to which any of the property or assets of the
          Company or any of its subsidiaries is subject, (ii) result in any
          violation of the provisions of the Certificate of Incorporation or
          By-laws of the Company or any of the Subsidiary Guarantors or (iii)
          result in any violation of any law or statute or any judgment, order,
          rule or regulation of any court or governmental agency or body having
          jurisdiction over the Company or any of its subsidiaries or any of
          their properties or assets, except, in the case of clauses (i) and
          (iii) above, for any such conflict, breach or violation that would
          not, individually or in the aggregate, reasonably be expected to have
          a Material Adverse Effect; and no consent, approval, authorization,
          order, registration or qualification of or with any such court or
          governmental agency or body is required for the issue and sale of the
          Securities or the consummation by the Company and the Subsidiary
          Guarantors of the transactions contemplated by the Transaction
          Documents, except for (i) such consents, approvals, authorizations,
          registrations or qualifications as may be required under state
          securities or Blue Sky laws in connection with the purchase and resale
          of the Securities by the Purchaser and (ii) the filing of a
          registration statement pursuant to the Securities Act by the Company
          with the Commission pursuant to the Registration Rights Agreements;

     (s)  Neither the Company nor any of its subsidiaries is (i) in violation of
          its Certificate of Incorporation or By-laws, (ii) in default in the
          performance or observance of any obligation,

                                        6

<PAGE>

          covenant or condition contained in any indenture, mortgage, deed of
          trust, loan agreement, lease or other agreement or instrument to which
          it is a party or by which it or any of its properties may be bound or
          (iii) in violation of any statute, law, rule, regulation, judgment,
          order or decree applicable to the Company or any of its subsidiaries
          of any court, regulatory body, administrative agency, governmental
          body, arbitrator or other authority having jurisdiction over the
          Company or such subsidiary or any of its properties, as applicable,
          except, in the case of clauses (ii) and (iii), for any default or
          violation that would not, individually or in the aggregate, reasonably
          be expected to have a Material Adverse Effect;

     (t)  The statements set forth in the Pricing Circular and the Offering
          Circular under the caption "Description of Notes", insofar as they
          purport to constitute a summary of the terms of the Securities and the
          Guarantees, and under the caption "Certain United States Federal
          Income Tax Considerations", insofar as they purport to describe the
          provisions of the laws and documents referred to therein, are
          accurate, complete and fair in all material respects;

     (u)  Other than as set forth in the Pricing Circular, there are no legal or
          governmental proceedings pending to which the Company or any of its
          subsidiaries is a party or to which any property of the Company or any
          of its subsidiaries is the subject, which would be required to be
          disclosed in the Company's Annual Report on Form 10-K if such report
          were filed on the date hereof; and, to the best of the Company's
          knowledge, no such proceedings are threatened or contemplated by
          governmental authorities or threatened by others;

     (v)  When the Securities are issued and delivered pursuant to this
          Agreement, the Securities will not be of the same class (within the
          meaning of Rule 144A under the Securities Act) as securities which are
          listed on a national securities exchange registered under Section 6 of
          the Exchange Act or quoted in a U.S. automated inter-dealer quotation
          system;

     (w)  The Company is subject to Section 13 or 15(d) of the Exchange Act;

     (x)  Neither the Company nor any of its subsidiaries is, and after giving
          effect to the offering and sale of the Securities, none of them will
          be an "investment company", as such term is defined in the United
          States Investment Company Act of 1940, as amended (the "Investment
          Company Act");

     (y)  Neither the Company, nor any person acting on its or their behalf
          (other than the Purchaser, or any persons acting on its behalf, as to
          which no representation is made), has (i) offered or sold the
          Securities by means of any general solicitation or general advertising
          within the meaning of Rule 502(c) under the Securities Act or (ii)
          engaged in any directed selling efforts within the meaning of
          Regulation S under the Securities Act ("Regulation S"), and all such
          persons have complied with the offering restrictions requirement of
          Regulation S;

     (z)  Within the preceding six months, neither the Company nor any other
          person acting on behalf of the Company has offered or sold to any
          person any Securities, or any securities of the same or a similar
          class as the Securities, other than Securities offered or sold to the
          Purchaser hereunder. The Company will take reasonable precautions
          designed to insure that any offer or sale, direct or indirect, in the
          United States or to any U.S. person (as defined in Rule 902 under the
          Securities Act) of any Securities or any substantially similar
          security issued by the Company, within six months subsequent to the
          date on which the distribution of the Securities has been completed
          (as notified to the Company by the Purchaser), is made under
          restrictions and other circumstances reasonably designed not to affect
          the status of the offer and sale of the Securities in the United
          States and to U.S. persons

                                        7

<PAGE>

          contemplated by this Agreement as transactions exempt from the
          registration provisions of the Securities Act;

     (aa) PricewaterhouseCoopers LLP, who have certified certain consolidated
          financial statements of the Company and its consolidated subsidiaries,
          are independent public accountants as required by the Securities Act
          and the rules and regulations of the Commission thereunder within the
          meaning of Rule 101 of the Code of Professional Conduct of the
          American Institute of Certified Public Accountants and its
          interpretations and rulings thereunder;

     (bb) The Company and its subsidiaries have paid all federal, state, local
          and foreign taxes (except for such taxes that are not yet delinquent
          or that are being contested in good faith and by proper proceedings)
          and filed all tax returns required to be paid or filed through the
          date hereof, except in each case where the failure to pay or file
          would not reasonably be expected to have a Material Adverse Effect;
          and except as otherwise disclosed in the Pricing Circular or as would
          not reasonably be expected to have a Material Adverse Effect, there is
          no tax deficiency that has been, or could reasonably be expected to
          be, asserted against the Company or any of its subsidiaries or any of
          their respective properties or assets;

     (cc) The Company and its subsidiaries possess all licenses, certificates,
          permits and other authorizations issued by, and have made all
          declarations and filings with, the appropriate federal, state, local
          or foreign governmental or regulatory authorities that are necessary
          for the ownership or lease of their respective properties or the
          conduct of their respective businesses as described in the Pricing
          Circular, except where the failure to possess or make the same would
          not, individually or in the aggregate, reasonably be expected to have
          a Material Adverse Effect; and except as described in the Pricing
          Circular or as would not reasonably be expected to have a Material
          Adverse Effect, neither the Company nor any of its subsidiaries has
          received written notice of any revocation or modification of any such
          license, certificate, permit or authorization or has any reason to
          believe that any such license, certificate, permit or authorization
          will not be renewed in the ordinary course;

     (dd) Except as described in the Pricing Circular, no labor disturbance by
          or dispute with employees of the Company or any of its subsidiaries
          exists or, to the best knowledge of the Company, is contemplated or
          threatened, in each case that would be reasonably expected to have a
          Material Adverse Effect;

     (ee) The Company and its subsidiaries (i) are in compliance with any and
          all applicable federal, state, local and foreign laws, rules,
          regulations, decisions and orders relating to the protection of human
          health and safety, the environment or hazardous or toxic substances or
          wastes, pollutants or contaminants (collectively, "Environmental
          Laws"); (ii) have received and are in compliance with all permits,
          licenses or other approvals required of them under applicable
          Environmental Laws to conduct their respective businesses; and (iii)
          have not received notice of any actual or potential liability for the
          investigation or remediation of any disposal or release of hazardous
          or toxic substances or wastes, pollutants or contaminants, except in
          any such case for any such failure to comply with, or failure to
          receive required permits, licenses or approvals, or liability, as
          would not, individually or in the aggregate, reasonably be expected to
          have a Material Adverse Effect;

     (ff) Except as would not reasonably be expected to have a Material Adverse
          Effect, each employee benefit plan, within the meaning of Section 3(3)
          of the Employee Retirement Income Security Act of 1974, as amended
          ("ERISA"), that is maintained, administered or contributed to by the
          Company or any of its affiliates for employees or former employees of

                                        8

<PAGE>

          the Company and its affiliates is in compliance in all material
          respects with its terms and the requirements of any applicable
          statutes, orders, rules and regulations, including but not limited to
          ERISA and the Internal Revenue Code of 1986, as amended (the "Code");
          no prohibited transaction, within the meaning of Section 406 of ERISA
          or Section 4975 of the Code, has occurred with respect to any such
          plan excluding transactions effected pursuant to a statutory or
          administrative exemption; and for each such plan that is subject to
          the funding rules of Section 412 of the Code or Section 302 of ERISA,
          except as set forth in the Pricing Circular, the fair market value of
          the assets of each such plan (excluding for these purposes accrued but
          unpaid contributions) exceeds the present value of all benefits
          accrued under such plan determined using reasonable actuarial
          assumptions, and no "accumulated funding deficiency" as defined in
          Section 412 of the Code has been incurred, whether or not waived;

     (gg) Except as would not reasonably be expected to have a Material Adverse
          Effect, the Company and its subsidiaries maintain systems of internal
          accounting controls sufficient to provide reasonable assurance that
          (i) transactions are executed in accordance with management's general
          or specific authorizations; (ii) transactions are recorded as
          necessary to permit preparation of financial statements in conformity
          with generally accepted accounting principles and to maintain asset
          accountability; (iii) access to assets is permitted only in accordance
          with management's general or specific authorization; and (iv) the
          recorded accountability for assets is compared with the existing
          assets at reasonable intervals and appropriate action is taken with
          respect to any differences;

     (hh) Other than as set forth in the Pricing Circular, since the date of the
          latest audited financial statements included in the Pricing Circular,
          there has been no change in the Company's internal control over
          financial reporting that has materially affected, or is reasonably
          likely to materially affect, the Company's internal control over
          financial reporting;

     (ii) The Company maintains disclosure controls and procedures (as such term
          is defined in Rule 13a-15(e) of the Exchange Act) that comply with the
          requirements of the Exchange Act; such disclosure controls and
          procedures have been designed to ensure that material information
          relating to the Company and its subsidiaries is made known to the
          Company's principal executive officer and principal financial officer
          by others within those entities; and such disclosure controls and
          procedures are effective; and

     (jj) Except as would not reasonably be expected to have a Material Adverse
          Effect, the Company and its subsidiaries have insurance covering their
          respective properties, operations, personnel and businesses, which
          insurance is in amounts and insures against such losses and risks as
          are customary among companies of established reputation engaged in the
          same or similar businesses and operating in the same or similar
          locations; and neither the Company nor, to the best of the Company's
          knowledge, any of the Company's subsidiaries, has (i) received written
          notice from any insurer or agent of such insurer that capital
          improvements or other expenditures are required or necessary to be
          made in order to continue such insurance or (ii) any reason to believe
          that it will not be able to renew its existing insurance coverage as
          and when such coverage expires or to obtain similar coverage at
          reasonable cost from similar insurers as may be necessary to continue
          its business;

     (kk) Except as would not reasonably be expected to have a Material Adverse
          Effect, neither the Company nor any of its subsidiaries nor, to the
          best knowledge of the Company, any director, officer, agent, employee
          or other person associated with or acting on behalf of the

                                        9

<PAGE>

          Company or any of its subsidiaries has (i) used any corporate funds
          for any unlawful contribution, gift, entertainment or other unlawful
          expense relating to political activity; (ii) made any direct or
          indirect unlawful payment to any foreign or domestic government
          official or employee from corporate funds; (iii) violated or is in
          violation of any provision of the Foreign Corrupt Practices Act of
          1977; or (iv) made any bribe, rebate, payoff, influence payment,
          kickback or other unlawful payment;

     (ll) On and immediately after the Time of Delivery, the Company (after
          giving effect to the issuance of the Securities and the other
          transactions related thereto as described in the Pricing Circular and
          the Offering Circular) will be Solvent. As used in this paragraph, the
          term "Solvent" means, with respect to a particular date, that on such
          date (i) the present fair market value (or present fair saleable
          value) of the assets of the Company is not less than the total amount
          required to pay the liabilities of the Company on its total existing
          debts and liabilities (including contingent liabilities) (which
          liabilities are calculated for purposes of this representation in the
          manner used in the preparation of the Company's consolidated financial
          statements) as they become absolute and matured; (ii) the Company is
          able to realize upon its assets and pay its debts and other
          liabilities, contingent obligations and commitments as they mature and
          become due in the normal course of business (assuming the ability to
          refinance existing obligations in the normal course of business);
          (iii) assuming consummation of the issuance of the Securities as
          contemplated by this Agreement, the Pricing Circular and the Offering
          Circular, the Company is not incurring debts or liabilities beyond its
          ability to pay as such debts and liabilities mature (assuming the
          ability to refinance existing obligations in the normal course of
          business); and (iv) the Company is not engaged in any business or
          transaction, and does not propose to engage in any business or
          transaction, for which its property would constitute unreasonably
          small capital after giving due consideration to the prevailing
          practice in the industry in which the Company is engaged;

     (mm) Neither the Company nor any of its affiliates (as defined in Rule
          501(b) of Regulation D of the Securities Act) has, directly or through
          any agent, sold, offered for sale, solicited offers to buy or
          otherwise negotiated in respect of, any security (as defined in the
          Securities Act), that is or will be integrated with the sale of the
          Securities in a manner that would require registration of the
          Securities under the Securities Act; and

     (nn) Assuming the accuracy of the representations and warranties of the
          Purchaser contained in Section 3 and its compliance with its
          agreements set forth therein, it is not necessary, in connection with
          the issuance and sale of the Securities to the Purchaser, the offer,
          resale and delivery of the Securities by the Purchaser in the manner
          contemplated by this Agreement and the Pricing Circular, to register
          the Securities under the Securities Act or to qualify the Indenture
          under the Trust Indenture Act.

2.   Subject to the terms and conditions herein set forth, the Company agrees to
     issue and sell to the Purchaser, and the Purchaser agrees to purchase from
     the Company, at a purchase price of 97.7% of the principal amount thereof,
     in the case of the Floating Rate Notes, and 98.7% of the principal amount
     thereof, in the case of the Fixed Rate Notes, in each case, plus accrued
     interest from November 21, 2006 to the Time of Delivery hereunder, the
     Securities.

3.   Upon the authorization by you of the release of the Securities, the
     Purchaser proposes to offer the Securities for sale upon the terms and
     conditions set forth in this Agreement and the Offering Circular and the
     Purchaser hereby represents and warrants to, and agrees with the Company
     that:

                                       10

<PAGE>

     (a)  It will offer and sell the Securities only to: (i) persons who it
          reasonably believes are "qualified institutional buyers" ("QIBs")
          within the meaning of Rule 144A under the Act in transactions meeting
          the requirements of Rule 144A or (ii) upon the terms and conditions
          set forth in Annex I to this Agreement;

     (b)  It is an Institutional Accredited Investor within the meaning of Rule
          501(a) under the Act;

     (c)  It will not offer or sell the Securities by any form of general
          solicitation or general advertising, including but not limited to the
          methods described in Rule 502(c) under the Act; and

     (d)  It acknowledges that the Securities have not been registered under the
          Securities Act and may not be sold within the United States except
          pursuant to an exemption from, or in a transaction not subject to, the
          registration requirements of the Securities Act.

4.   (a)  The Securities to be purchased by the Purchaser hereunder will be
          represented by one or more definitive global Securities in book-entry
          form which will be deposited by or on behalf of the Company with The
          Depository Trust Company ("DTC") or its designated custodian. The
          Company will deliver the Securities to Goldman, Sachs & Co. against
          payment by or on behalf of such Purchaser of the purchase price
          therefor by wire transfer in Federal (same day) funds, by causing DTC
          to credit the Securities to the account of Goldman, Sachs & Co. at
          DTC. The Company will cause the form of certificates representing the
          applicable Securities to be made available to Goldman, Sachs & Co. for
          checking at least twenty-four hours prior to the Time of Delivery at
          the office of DTC or its designated custodian (the "Designated
          Office"). The time and date of such delivery and payment shall be 9:30
          a.m., New York City time, on November 21, 2006 or such other time and
          date as Goldman, Sachs & Co. and the Company may agree upon in
          writing. Such time and date are herein called the "Time of Delivery".

     (b)  The documents to be delivered at the Time of Delivery by or on behalf
          of the parties hereto pursuant to Section 8 hereof, including the
          cross-receipt for the Securities and any additional documents
          requested by the Purchaser pursuant to Section 8(h) hereof, will be
          delivered at such time and date at the offices of Cravath, Swaine &
          Moore LLP, 825 Eighth Avenue, New York, NY 10019 (the "Closing
          Location"), and the Securities will be delivered at the Designated
          Office, all at the Time of Delivery.

5.   The Company and each of the Subsidiary Guarantors, jointly and severally,
     agree with the Purchaser:

     (a)  To prepare the Offering Circular in a form approved by you; to make no
          amendment or any supplement to the Offering Circular which shall be
          reasonably disapproved by you promptly after reasonable notice
          thereof; and to furnish you with copies thereof;

     (b)  Promptly from time to time to take such action as you may reasonably
          request to qualify the Securities for offering and sale under the
          securities laws of such jurisdictions as you may reasonably request
          and to comply with such laws so as to permit the continuance of sales
          and dealings therein in such jurisdictions for as long as may be
          necessary to complete the offering and resale of the Securities,
          provided that in connection therewith the Company shall not be
          required (i) to qualify as a foreign corporation, (ii) to file a
          general consent to service of process in any jurisdiction or (iii) to
          take any action that would subject itself to taxation in any
          jurisdiction if it is not otherwise so subject;

     (c)  To furnish the Purchaser with written and electronic copies of the
          Offering Circular and each amendment or supplement thereto in such
          quantities as you may from time to time

                                       11

<PAGE>

          reasonably request, and if, at any time prior to the earlier of (i)
          the expiration of nine months after the date of the Offering Circular
          and (ii) completion of the resale of the Securities by the Purchaser,
          any event shall have occurred as a result of which the Offering
          Circular as then amended or supplemented would include an untrue
          statement of a material fact or omit to state any material fact
          necessary in order to make the statements therein, in the light of the
          circumstances under which they were made when such Offering Circular
          is delivered, not misleading, or, if for any other reason it shall be
          necessary or desirable (as determined by the Company) during such same
          period to amend or supplement the Offering Circular, to notify you and
          upon your request to prepare and furnish without charge to each
          Purchaser and to any dealer in securities as many written and
          electronic copies as you may from time to time reasonably request of
          an amended Offering Circular or a supplement to the Offering Circular
          which will correct such statement or omission or effect such
          compliance;

     (d)  To advise the Purchaser promptly, and confirm such advice in writing,
          (i) of the issuance by any governmental or regulatory authority of any
          order preventing or suspending the use of the Offering Circular or the
          initiation or threatening of any proceeding for that purpose and (ii)
          of the receipt by the Company of any notice with respect to any
          suspension of the qualification of the Securities for offer and sale
          in any jurisdiction or the initiation or threatening of any proceeding
          for such purpose; and the Company will use its commercially reasonable
          efforts to prevent the issuance of any such order preventing or
          suspending the use of the Offering Circular or suspending any such
          qualification of the Securities and, if any such order is issued, will
          obtain as soon as possible the withdrawal thereof;

     (e)  During the period beginning from the date hereof and continuing until
          the date 90 days after the Time of Delivery, not to offer, sell,
          contract to sell or otherwise dispose of, except as provided hereunder
          any debt securities issued or guaranteed by the Company or any of the
          Subsidiary Guarantors that are substantially similar to the Securities
          without your prior written consent;

     (f)  Not to be or become, at any time prior to the expiration of two years
          after the Time of Delivery, an open-end investment company, unit
          investment trust, closed-end investment company or face-amount
          certificate company that is or is required to be registered under
          Section 8 of the Investment Company Act;

     (g)  So long as the Securities remain outstanding and are "restricted
          securities" within the meaning of Rule 144(a)(3) under the Securities
          Act, at any time when the Company is not subject to Section 13 or
          15(d) of the Exchange Act, for the benefit of holders from time to
          time of Securities, to furnish at its expense, upon request, to
          holders of Securities and prospective purchasers of Securities
          information (the "Additional Issuer Information") satisfying the
          requirements of subsection (d)(4)(i) of Rule 144A under the Act;

     (h)  If requested by you, to use its commercially reasonable efforts to
          cause the Securities to be eligible for THE PORTALsm trading system of
          the National Association of Securities Dealers, Inc. and for clearance
          and settlement through DTC;

     (i)  Except if such information is available on the website of either the
          Company or the Commission, to furnish to the holders of the Securities
          as soon as practicable after the end of each fiscal year an annual
          report (including a balance sheet and statements of income,
          stockholders' equity and cash flows of the Company and its
          consolidated subsidiaries certified by independent public accountants)
          and, as soon as practicable after the end of each of the first three
          quarters of each fiscal year (beginning with the fiscal quarter ending

                                       12

<PAGE>

          after the date of the Offering Circular), to make available to its
          shareholders consolidated unaudited summary financial information of
          the Company and its subsidiaries for such quarter in reasonable
          detail;

     (j)  During a period of two years from the date of the Offering Circular,
          to furnish to you copies of all reports or other communications
          (financial or other) furnished to shareholders of the Company, and to
          deliver to you (i) as soon as they are available, copies of any
          reports and financial statements furnished to or filed with the
          Commission or any securities exchange on which the Securities or any
          class of securities of the Company is listed; and (ii) such additional
          information concerning the business and financial condition of the
          Company as you may from time to time reasonably request (such
          financial statements to be on a consolidated basis to the extent the
          accounts of the Company and its subsidiaries are consolidated in
          reports furnished to its shareholders generally or to the Commission);

     (k)   During the period of two years after the Time of Delivery, not to,
           and not to permit any of its "affiliates" (as defined in Rule 144
           under the Securities Act) to, resell any of the Securities which
           constitute "restricted securities" under Rule 144 that have been
           reacquired by any of them, except for Securities purchased by the
           Company or any of its affiliates and resold in a transaction
           registered under the Securities Act;

     (l)  To use the net proceeds received by it from the sale of the Securities
          pursuant to this Agreement in the manner specified in the Pricing
          Circular under the caption "Use of Proceeds";

     (m)  To not, and not permit any of its affiliates (as defined in Rule
          501(b) of Regulation D) to, directly or through any agent, sell, offer
          for sale, solicit offers to buy or otherwise negotiate in respect of,
          any security (as defined in the Securities Act), that is or will be
          integrated with the sale of the Securities in a manner that would
          require registration of the Securities under the Securities Act;

     (n)  To not, and not permit any of its affiliates or any other person
          acting on its or their behalf (other than the Purchaser, as to which
          no covenant is given) (i) solicit offers for, or offer or sell, the
          Securities by means of any form of general solicitation or general
          advertising within the meaning of Rule 502(c) of Regulation D or in
          any manner involving a public offering within the meaning of Section
          4(2) of the Securities Act or (ii) engage in any directed selling
          efforts within the meaning of Regulation S, and all such persons will
          comply with the offering restrictions requirement of Regulation S; and

     (o)  To not take, directly or indirectly, any action designed to or that
          could reasonably be expected to cause or result in any stabilization
          or manipulation of the price of the Securities.

6.   (a)  The Company and each Subsidiary Guarantor, jointly and severally,
          represent and agree that, without the prior consent of Goldman, Sachs
          & Co., it has not made and will not make any offer relating to the
          Securities that, if the offering of the Securities contemplated by
          this Agreement were conducted as a public offering pursuant to a
          registration statement filed under the Act with the Commission, would
          constitute an "issuer free writing prospectus," as defined in Rule 433
          under the Act (any such offer is hereinafter referred to as a "Company
          Supplemental Disclosure Document");

     (b)  the Purchaser represents and agrees that, without the prior consent of
          the Company, other than one or more term sheets relating to the
          Securities containing customary information and conveyed to purchasers
          of securities, it has not made and will not make any offer relating to

                                       13

<PAGE>

          the Securities that, if the offering of the Securities contemplated by
          this Agreement were conducted as a public offering pursuant to a
          registration statement filed under the Act with the Commission, would
          constitute a "free writing prospectus," as defined in Rule 405 under
          the Act (any such offer (other than any such term sheets), is
          hereinafter referred to as a "Purchaser Supplemental Disclosure
          Document"); and

     (c)  any Company Supplemental Disclosure Document or Purchaser Supplemental
          Disclosure Document the use of which has been consented to by the
          Company and Goldman, Sachs & Co. is listed on Schedule I(b) hereto.

7.   The Company covenants and agrees with the Purchaser that the Company will
     pay or cause to be paid the following: (i) the fees, disbursements and
     expenses of the Company's counsel and accountants in connection with the
     issue of the Securities and all other expenses in connection with the
     preparation and printing of the Preliminary Offering Circular and the
     Offering Circular and any amendments and supplements thereto and the
     mailing and delivering of copies thereof to the Purchaser and dealers; (ii)
     the cost of printing or producing this Agreement, the Guarantees, the
     Registration Rights Agreements, the Indenture, the Blue Sky Memorandum,
     closing documents (including any compilations thereof) and any other
     documents in connection with the offering, purchase, sale and delivery of
     the Securities; (iii) all expenses in connection with the qualification of
     the Securities for offering and sale under state securities laws as
     provided in Section 5(b) hereof, including the fees and disbursements of
     counsel for the Purchaser in connection with such qualification and in
     connection with the Blue Sky and legal investment surveys; (iv) any fees
     charged by securities rating services for rating the Securities; (v) the
     cost of preparing the Securities; (vi) the fees and expenses of the Trustee
     and any agent of the Trustee and the fees and disbursements of counsel for
     the Trustee in connection with the Indenture and the Securities; (vii) any
     cost incurred in connection with the designation of the Securities for
     trading in PORTALsm and (viii) all other costs and expenses incident to the
     performance of its obligations hereunder which are not otherwise
     specifically provided for in this Section. It is understood, however, that,
     except as provided in this Section, and Sections 9 and 11 hereof, the
     Purchaser will pay all of its own costs and expenses, including the fees of
     its counsel, transfer taxes on resale of any of the Securities by the
     Purchaser, and any advertising expenses connected with any offers they may
     make.

8.   The obligations of the Purchaser hereunder shall be subject, in their
     discretion, to the condition that all representations and warranties and
     other statements of the Company and the Subsidiary Guarantors herein are,
     at and as of the Time of Delivery, true and correct, the condition that the
     Company and the Subsidiary Guarantors shall have performed all of their
     respective obligations hereunder theretofore to be performed, and the
     following additional conditions:

     (a)  Cravath, Swaine & Moore LLP, counsel for the Purchaser, shall have
          furnished to you such opinion or opinions, dated as of the Time of
          Delivery with respect to such matters as you may reasonably request,
          and such counsel shall have received such papers and information as
          they may reasonably request to enable them to pass upon such matters;

     (b)  C. Thomas Harvie, Esq., Senior Vice President, General Counsel and
          Secretary of the Company, Covington & Burling, counsel for the
          Company, and Fasken Martineau DuMoulin LLP, counsel for Goodyear
          Canada, Inc., shall have furnished to you their written opinion, dated
          as of the Time of Delivery in form and substance satisfactory to you,
          substantially in the forms set forth in Annex II hereto;

                                       14

<PAGE>

     (c)  On the date of the Offering Circular prior to the execution of this
          Agreement and also as of the Time of Delivery, PricewaterhouseCoopers
          LLP shall have furnished to you a letter or letters, dated the
          respective dates of delivery thereof, in form and substance
          satisfactory to you, substantially in the form set forth in Annex III
          hereto;

     (d)  (i) Neither the Company nor any of its subsidiaries shall have
          sustained since the date of the latest audited financial statements
          included in the Pricing Circular any loss or interference with the
          business of the Company and its subsidiaries taken as a whole from
          fire, explosion, flood or other calamity, whether or not covered by
          insurance, or from any labor dispute or court or governmental action,
          order or decree, otherwise than as set forth or contemplated in the
          Pricing Circular, and (ii) since the respective dates as of which
          information is given in the Pricing Circular there shall not have been
          any change in the capital stock (other than issuances pursuant to
          equity incentive plans) or increase in long-term debt of the Company
          or any of its subsidiaries that is material to the Company and its
          subsidiaries taken as a whole, or any change, or any development that
          would reasonably be expected to result in a change, in or affecting
          the business, properties, financial position or results of operations
          of the Company and its subsidiaries taken as a whole, otherwise than
          as set forth or contemplated in the Pricing Circular, the effect of
          which, in any such case described in clause (i) or (ii), is in the
          judgment of Goldman, Sachs & Co. so material and adverse as to make it
          impracticable or inadvisable to proceed with the offering or the
          delivery of the Securities on the terms and in the manner contemplated
          in this Agreement and in the Offering Circular;

     (e)  From immediately prior to the Applicable Time (i) no downgrading shall
          have occurred in the rating accorded the Company's debt securities by
          Moody's Investors Service, Inc. or Standard & Poor's Ratings Group,
          and (ii) neither Moody's Investors Service, Inc. or Standard & Poor's
          Ratings Group shall have publicly announced that it has under
          surveillance or review, with possible negative implications, its
          rating of any of the Company's debt securities;

     (f)  From immediately prior to the Applicable Time there shall not have
          occurred any of the following: (i) a suspension or material limitation
          in trading in securities generally on the New York Stock Exchange;
          (ii) a suspension or material limitation in trading in the Company's
          securities on the New York Stock Exchange; (iii) a general moratorium
          on commercial banking activities declared by either Federal or New
          York State authorities or a material disruption in commercial banking
          or securities settlement or clearance services in the United States;
          (iv) the outbreak or escalation of hostilities involving the United
          States or the declaration by the United States of a national emergency
          or war or (v) the occurrence of any other calamity or crisis or any
          change in financial, political or economic conditions in the United
          States or elsewhere, if the effect of any such event specified in
          clause (iv) or (v) in the judgment of Goldman, Sachs & Co. makes it
          impracticable or inadvisable to proceed with the offering or the
          delivery of the Securities on the terms and in the manner contemplated
          in the Offering Circular;

     (g)  The Securities have been designated for trading on PORTALsm;

     (h)  The Company shall have furnished or caused to be furnished to you as
          of the Time of Delivery the certificate of an officer of the Company
          reasonably satisfactory to you as to the accuracy of the
          representations and warranties of the Company and the Subsidiary
          Guarantors herein at and as of the Time of Delivery, as to the
          performance by the Company and the Subsidiary Guarantors of all of
          their respective obligations hereunder to be

                                       15

<PAGE>

          performed at or prior to the Time of Delivery, as to the matters set
          forth in subsections (d) and (e) of this Section and as to such other
          matters as you may reasonably request; and

     (i)  The Purchaser shall have received as of the Time of Delivery
          counterparts of the Registration Rights Agreements that shall have
          been executed and delivered by a duly authorized officer of the
          Company and each of the Subsidiary Guarantors.

9.   (a)  The Company and each of the Subsidiary Guarantors, jointly and
          severally, will indemnify and hold harmless the Purchaser against any
          losses, claims, damages or liabilities, joint or several, to which the
          Purchaser may become subject, under the Act or otherwise, insofar as
          such losses, claims, damages or liabilities (or actions in respect
          thereof) arise out of or are based upon an untrue statement or alleged
          untrue statement of a material fact contained in any Preliminary
          Offering Circular, the Pricing Circular, the Offering Circular, or any
          amendment or supplement thereto, or any Company Supplemental
          Disclosure Document, or arise out of or are based upon the omission or
          alleged omission to state therein a material fact necessary to make
          the statements therein not misleading, and will reimburse the
          Purchaser for any legal or other expenses reasonably incurred by the
          Purchaser in connection with investigating or defending any such
          action or claim as such expenses are incurred; provided, however, that
          the Company and each of the Subsidiary Guarantors shall not be liable
          in any such case to the extent that any such loss, claim, damage or
          liability arises out of or is based upon an untrue statement or
          alleged untrue statement or omission or alleged omission made in any
          Preliminary Offering Circular, the Pricing Circular, the Offering
          Circular or any such amendment or supplement, or any Company
          Supplemental Disclosure Document, in reliance upon and in conformity
          with written information furnished to the Company by the Purchaser
          through Goldman, Sachs & Co. expressly for use therein.

     (b)  The Purchaser will indemnify and hold harmless the Company and each of
          the Subsidiary Guarantors against any losses, claims, damages or
          liabilities to which the Company or any of the Subsidiary Guarantors
          may become subject, under the Act or otherwise, insofar as such
          losses, claims, damages or liabilities (or actions in respect thereof)
          arise out of or are based upon an untrue statement or alleged untrue
          statement of a material fact contained in any Preliminary Offering
          Circular, the Pricing Circular, the Offering Circular, or any
          amendment or supplement thereto, or any Company Supplemental
          Disclosure Document, or arise out of or are based upon the omission or
          alleged omission to state therein a material fact or necessary to make
          the statements therein not misleading, in each case to the extent, but
          only to the extent, that such untrue statement or alleged untrue
          statement or omission or alleged omission was made in any Preliminary
          Offering Circular, the Pricing Circular, the Offering Circular or any
          such amendment or supplement, or any Company Supplemental Disclosure
          Document in reliance upon and in conformity with written information
          furnished to the Company by the Purchaser expressly for use therein;
          and will reimburse the Company for any legal or other expenses
          reasonably incurred by the Company in connection with investigating or
          defending any such action or claim as such expenses are incurred.

     (c)  Promptly after receipt by an indemnified party under subsection (a) or
          (b) above of notice of the commencement of any action, such
          indemnified party shall, if a claim in respect thereof is to be made
          against the indemnifying party under such subsection, notify the
          indemnifying party in writing of the commencement thereof; but the
          omission so to notify the indemnifying party shall not relieve it from
          any liability which it may have to any indemnified party otherwise
          than under such subsection. In case any such action shall be brought
          against any indemnified party and it shall notify the indemnifying
          party of the commencement thereof, the

                                       16

<PAGE>

          indemnifying party shall be entitled to participate therein and, to
          the extent that it shall wish, jointly with any other indemnifying
          party similarly notified, to assume the defense thereof, with counsel
          satisfactory to such indemnified party (who shall not, except with the
          consent of the indemnified party, be counsel to the indemnifying
          party), and, after notice from the indemnifying party to such
          indemnified party of its election so to assume the defense thereof,
          the indemnifying party shall not be liable to such indemnified party
          under such subsection for any legal expenses of other counsel or any
          other expenses, in each case subsequently incurred by such indemnified
          party, in connection with the defense thereof other than reasonable
          costs of investigation. No indemnifying party shall, without the
          written consent of the indemnified party, effect the settlement or
          compromise of, or consent to the entry of any judgment with respect
          to, any pending or threatened action or claim in respect of which
          indemnification or contribution may be sought hereunder (whether or
          not the indemnified party is an actual or potential party to such
          action or claim) unless such settlement, compromise or judgment (i)
          includes an unconditional release of the indemnified party from all
          liability arising out of such action or claim and (ii) does not
          include a statement as to, or an admission of, fault, culpability or a
          failure to act, by or on behalf of any indemnified party.

     (d)  If the indemnification provided for in this Section 9 is unavailable
          to or insufficient to hold harmless an indemnified party under
          subsection (a) or (b) above in respect of any losses, claims, damages
          or liabilities (or actions in respect thereof) referred to therein,
          then each indemnifying party shall contribute to the amount paid or
          payable by such indemnified party as a result of such losses, claims,
          damages or liabilities (or actions in respect thereof) in such
          proportion as is appropriate to reflect the relative benefits received
          by the Company and the Subsidiary Guarantors on the one hand and the
          Purchaser on the other from the offering of the Securities. If,
          however, the allocation provided by the immediately preceding sentence
          is not permitted by applicable law or if the indemnified party failed
          to give the notice required under subsection (c) above, then each
          indemnifying party shall contribute to such amount paid or payable by
          such indemnified party in such proportion as is appropriate to reflect
          not only such relative benefits but also the relative fault of the
          Company and the Subsidiary Guarantors on the one hand and the
          Purchaser on the other in connection with the statements or omissions
          which resulted in such losses, claims, damages or liabilities (or
          actions in respect thereof), as well as any other relevant equitable
          considerations. The relative benefits received by the Company and the
          Subsidiary Guarantors on the one hand and the Purchaser on the other
          shall be deemed to be in the same proportion as the total net proceeds
          from the offering (before deducting expenses) received by the Company
          bear to the total underwriting discounts and commissions received by
          the Purchaser, in each case as set forth in the Offering Circular. The
          relative fault shall be determined by reference to, among other
          things, whether the untrue or alleged untrue statement of a material
          fact or the omission or alleged omission to state a material fact
          relates to information supplied by the Company and the Subsidiary
          Guarantors on the one hand or the Purchaser on the other and the
          parties' relative intent, knowledge, access to information and
          opportunity to correct or prevent such statement or omission. The
          Company, the Subsidiary Guarantors and the Purchaser agree that it
          would not be just and equitable if contribution pursuant to this
          subsection (d) were determined by pro rata allocation or by any other
          method of allocation which does not take account of the equitable
          considerations referred to above in this subsection (d). The amount
          paid or payable by an indemnified party as a result of the losses,
          claims, damages or liabilities (or actions in respect thereof)
          referred to above in this subsection (d) shall be deemed to include
          any legal or other expenses reasonably incurred

                                       17

<PAGE>

          by such indemnified party in connection with investigating or
          defending any such action or claim. Notwithstanding the provisions of
          this subsection (d), the Purchaser shall not be required to contribute
          any amount in excess of the amount by which the total price at which
          the Securities purchased by it and distributed to investors were
          offered to investors exceeds the amount of any damages which the
          Purchaser has otherwise been required to pay by reason of such untrue
          or alleged untrue statement or omission or alleged omission. No person
          guilty of fraudulent misrepresentation (within the meaning of Section
          11(f) of the Securities Act) shall be entitled to contribution from
          any person who was not guilty of fraudulent misrepresentation.

     (e)  The obligations of the Company and the Subsidiary Guarantors under
          this Section 9 shall be in addition to any liability which the Company
          and the Subsidiary Guarantors may otherwise have and shall extend,
          upon the same terms and conditions, to any affiliate of each Purchaser
          and each person, if any, who controls any Purchaser within the meaning
          of the Act; and the obligations of the Purchaser under this Section 9
          shall be in addition to any liability which the Purchaser may
          otherwise have and shall extend, upon the same terms and conditions,
          to each officer and director of the Company and the Subsidiary
          Guarantors and to each person, if any, who controls the Company within
          the meaning of the Act.

10.  The respective indemnities, agreements, representations, warranties and
     other statements of the Company, the Subsidiary Guarantors and the
     Purchaser, as set forth in this Agreement or made by or on behalf of them,
     respectively, pursuant to this Agreement, shall remain in full force and
     effect, regardless of any investigation (or any statement as to the results
     thereof) made by or on behalf of the Purchaser or any controlling person of
     the Purchaser, or the Company, or the Subsidiary Guarantors, or any officer
     or director or controlling person of the Company, or the Subsidiary
     Guarantors, and shall survive delivery of and payment for the Securities.

11.  If the Securities are not delivered by or on behalf of the Company as
     provided herein, the Company and the Subsidiary Guarantors will reimburse
     the Purchaser through you for all expenses approved in writing by you,
     including fees and disbursements of counsel, reasonably incurred by the
     Purchaser in making preparations for the purchase, sale and delivery of the
     Securities, but the Company and the Subsidiary Guarantors shall then be
     under no further liability to the Purchaser except as provided in Sections
     7 and 9 hereof.

All statements, requests, notices and agreements hereunder shall be in writing,
and if to the Purchaser shall be delivered or sent by mail, telex or facsimile
transmission to Goldman, Sachs & Co., One New York Plaza, 42nd Floor, New York,
New York 10004, Attention: Registration Department; and if to the Company shall
be delivered or sent by mail, telex or facsimile transmission to the address of
the Company set forth in the Offering Circular, Attention: Secretary; and if to
any Subsidiary Guarantor, shall be delivered or sent by mail, telex or facsimile
transmission care of the Company.

12.  This Agreement shall be binding upon, and inure solely to the benefit of,
     the Purchaser, the Company, the Subsidiary Guarantors and, to the extent
     provided in Sections 9 and 10 hereof, the officers and directors of the
     Company, the Subsidiary Guarantors and each person who controls the
     Company, the Subsidiary Guarantors or the Purchaser, and their respective
     heirs, executors, administrators, successors and assigns, and no other
     person shall acquire or have any right under or by virtue of this
     Agreement. No purchaser of any of the Securities from any Purchaser shall
     be deemed a successor or assign by reason merely of such purchase.

13.  The Company and each Subsidiary Guarantor acknowledges and agrees that (i)
     the purchase and sale of the Securities pursuant to this Agreement is an
     arm's-length commercial transaction

                                       18

<PAGE>

     between the Company and the Subsidiary Guarantors, on the one hand, and the
     Purchaser, on the other, (ii) in connection therewith and with the process
     leading to such transaction each Purchaser is acting solely as a principal
     and not the agent or fiduciary of the Company or any Subsidiary Guarantor,
     (iii) the Purchaser has not assumed an advisory or fiduciary responsibility
     in favor of the Company or any Subsidiary Guarantor with respect to the
     offering contemplated hereby or the process leading thereto (irrespective
     of whether such Purchaser has advised or is currently advising the Company
     or any Subsidiary Guarantor on other matters) or any other obligation to
     the Company or any Subsidiary Guarantor except the obligations expressly
     set forth in this Agreement and (iv) the Company and each Subsidiary
     Guarantor has consulted its own legal and financial advisors to the extent
     it deemed appropriate. The Company and each Subsidiary Guarantor agrees
     that it will not claim that the Purchaser, or any of them, has rendered
     advisory services of any nature or respect, or owes a fiduciary or similar
     duty to the Company or any Subsidiary Guarantor, in connection with such
     transaction or the process leading thereto.

14.  This Agreement supersedes all prior agreements and understandings (whether
     written or oral) between the Company, the Subsidiary Guarantors and the
     Purchaser, or any of them, with respect to the subject matter hereof.

15.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
     LAWS OF THE STATE OF NEW YORK.

16.  The Company, the Subsidiary Guarantors and the Purchaser hereby irrevocably
     waive, to the fullest extent permitted by applicable law, any and all right
     to trial by jury in any legal proceeding arising out of or relating to this
     Agreement or the transactions contemplated hereby.

17.  This Agreement may be executed by any one or more of the parties hereto in
     any number of counterparts, each of which shall be deemed to be an
     original, but all such respective counterparts shall together constitute
     one and the same instrument.

18.  Notwithstanding anything herein to the contrary, the Company (and the
     Company's employees, representatives, and other agents) are authorized to
     disclose to any and all persons, the tax treatment and tax structure of the
     potential transaction and all materials of any kind (including tax opinions
     and other tax analyses) provided to the Company relating to that treatment
     and structure, without the Purchaser imposing any limitation of any kind.
     However, any information relating to the tax treatment and tax structure
     shall remain confidential (and the foregoing sentence shall not apply) to
     the extent necessary to enable any person to comply with securities laws.
     For this purpose, "tax treatment" means U.S. federal and state income tax
     treatment, and "tax structure" is limited to any facts that may be relevant
     to that treatment.

If the foregoing is in accordance with your understanding, please sign and
return to us one for the Company and the Purchaser plus one for each counsel
counterparts hereof, and upon the acceptance hereof by you, on behalf of the
Purchaser, this letter and such acceptance hereof shall constitute a binding
agreement between the Purchaser, the Company and the Subsidiary Guarantors.

                                       19

<PAGE>

                                        Very truly yours,

                                        THE GOODYEAR TIRE & RUBBER COMPANY

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Senior Vice President,
                                               Business Development and
                                               Treasurer

                              [Purchase Agreement]

<PAGE>

                                        SUBSIDIARY GUARANTORS

                                        BELT CONCEPTS OF AMERICA, INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        CELERON CORPORATION

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                       COSMOFLEX, INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        DAPPER TIRE CO, INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                              [Purchase Agreement]

<PAGE>

                                        DIVESTED COMPANIES HOLDING COMPANY

                                        By: /s/ Ronald J. Carr
                                            ------------------------------------
                                        Name: Ronald J. Carr
                                        Title: Vice President

                                        By: /s/ Randall M. Loyd
                                            ------------------------------------
                                        Name: Randall M. Loyd
                                        Title: Vice President

                                        DIVESTED LITCHFIELD PARK PROPERTIES,
                                        INC.

                                        By: /s/ Ronald J. Carr
                                            ------------------------------------
                                        Name: Ronald J. Carr
                                        Title: Vice President

                                        By: /s/ Randall M. Loyd
                                            ------------------------------------
                                        Name: Randall M. Loyd
                                        Title: Vice President

                              [Purchase Agreement]

<PAGE>

                                        GOODYEAR CANADA INC.

                                        By: /s/ J. S. Coulter
                                            ------------------------------------
                                        Name: J. S. Coulter
                                        Title: President

                                        By: /s/ D. S. Hamilton
                                            ------------------------------------
                                        Name: D. S. Hamilton
                                        Title: Secretary

                                        GOODYEAR ENGINEERED PRODUCTS
                                        INTERNATIONAL INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        GOODYEAR ENGINEERED PRODUCTS THAILAND
                                        INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        GOODYEAR FARMS, INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                              [Purchase Agreement]

<PAGE>

                                        GOODYEAR INTERNATIONAL CORPORATION

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        GOODYEAR WESTERN HEMISPHERE CORPORATION

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        THE KELLY-SPRINGFIELD TIRE CORPORATION

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        WHEEL ASSEMBLIES INC.

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                                        WINGFOOT COMMERCIAL TIRE SYSTEMS, LLC

                                        By: /s/ Darren R. Wells
                                            ------------------------------------
                                        Name: Darren R. Wells
                                        Title: Vice President

                              [Purchase Agreement]

<PAGE>

                                        WINGFOOT VENTURES EIGHT INC.

                                        By: /s/ Randall M. Loyd
                                            ------------------------------------
                                        Name: Randall M. Loyd
                                        Title: Vice President

                              [Purchase Agreement]
<PAGE>

Accepted as of the date hereof:

GOLDMAN, SACHS & CO.

BY /s/ Goldman, Sachs & Co.
   ----------------------------------
   (Goldman, Sachs & Co.)

                              [Purchase Agreement]

<PAGE>

                                   SCHEDULE I

(a)  Additional Documents Incorporated by Reference: None.

(b)  Approved Supplemental Disclosure Documents: None.

<PAGE>

                                   SCHEDULE II

                              FLOATING RATE NOTES:

<TABLE>
<S>                          <C>      <C>
Issuer:                               Goodyear Tire & Rubber Company
Ratings:                              B2 / B-
Security:                             Senior Floating Rate Notes
Distribution:                         144A / Reg S with Registration Rights
Maturity:                             December 1, 2009
Face Amount:                          $500,000,000
Gross Proceeds:                       $495,000,000
Coupon:                               6mL + 375
Price:                                99.000%
Settlement Date:                      November 21, 2006.(T+3)
Accrued Interest:                     Flat
Interest Payment Dates:               June 1st and December 1st
                                      beginning June 1, 2007
Redemption:                           Callable for life at 100.00%
Sole Book Running Manager:            Goldman Sachs
Co-Managers                           BNP Paribas Securities Corp., Deutsche Bank Securities Inc.
Bond Identifiers:            144A:    CUSIP: 382550 AV 3
                                      ISIN:  US382550AV33
                             Reg S:   CUSIP: U38255 AL 6
                                      ISIN:  USU38255AL67

                                      FIXED RATE NOTES:

Issuer:                               Goodyear Tire & Rubber Company
Ratings:                              B2 / B-
Security:                             Senior Notes
Distribution:                         144A / Reg S with Registration Rights
Maturity:                             December 1, 2011
Face Amount:                          $500,000,000
Gross Proceeds:                       $500,000,000
Coupon:                               8.625%
Price:                                100.000%
Yield:                                8.625%
Settlement Date:                      November 21, 2006.(T+3)
Accrued Interest:                     Flat
</TABLE>

<PAGE>

<TABLE>
<S>                          <C>      <C>
Interest Payment Dates:               June 1st and December 1st
                                      beginning June 1, 2007
Redemption:                           Beginning December 1, 2009:
                                      December 1, 2009 104.313%
                                      December 1, 2010 102.156%
                                      December 1, 2011 100.000%
Equity Clawback:                      Prior to December 1, 2009 may redeem up to 35.00% at: 108.625%
Spread to Treasury:                   + 395
Reference Treasury:                   4.625% UST due 10/2011
Sole Book Running Manager:            Goldman Sachs
Co-Managers                           BNP Paribas Securities Corp., Deutsche Bank Securities Inc.
Bond Identifiers:            144A:    CUSIP: 382550 AW 1
                                      ISIN:  US382550AW16

                             Reg S:   CUSIP: U38255 AM 4
                                      ISIN:  USU38255AM41
</TABLE>

<PAGE>

                                                                         ANNEX I

(1)  The Securities have not been and will not be registered under the Act and
     may not be offered or sold within the United States or to, or for the
     account or benefit of, U.S. persons except in accordance with Regulation S
     under the Act or pursuant to an exemption from the registration
     requirements of the Act. The Purchaser represents that it has offered and
     sold the Securities, and will offer and sell the Securities (i) as part of
     their distribution at any time and (ii) otherwise until 40 days after the
     later of the commencement of the offering and the Time of Delivery, only in
     accordance with Rule 903 of Regulation S or Rule 144A under the Act.
     Accordingly, the Purchaser agrees that neither it, its affiliates nor any
     persons acting on its behalf has engaged or will engage in any directed
     selling efforts with respect to the Securities, and it and they have
     complied and will comply with the offering restrictions requirement of
     Regulation S. The Purchaser agrees that, at or prior to confirmation of
     sale of Securities (other than a sale pursuant to Rule 144A), it will have
     sent to each distributor, dealer or person receiving a selling concession,
     fee or other remuneration that purchases Securities from it during the
     restricted period a confirmation or notice to substantially the following
     effect:

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

     Terms used in this paragraph have the meanings given to them by Regulation
     S.

     The Purchaser further agrees that it has not entered and will not enter
     into any contractual arrangement with respect to the distribution or
     delivery of the Securities, except with its affiliates or with the prior
     written consent of the Company.

(2)  Notwithstanding the foregoing, Securities in registered form may be
     offered, sold and delivered by the Purchaser in the United States and to
     U.S. persons pursuant to Section 3 of this Agreement without delivery of
     the written statement required by paragraph (1) above.

(3)  The Purchaser agrees that it will not offer, sell or deliver any of the
     Securities in any jurisdiction outside the United States except under
     circumstances that will result in compliance with the applicable laws
     thereof, and that it will take at its own expense whatever action is
     required to permit its purchase and resale of the Securities in such
     jurisdictions. The Purchaser understands that no action has been taken to
     permit a public offering in any jurisdiction outside the United States
     where action would be required for such purpose.

<PAGE>

                                                                        ANNEX II

   [FORMS OF OPINION OF FASKEN MARTINEAU DUMOULIN LLP, C. THOMAS HARVIE, ESQ.,
                            AND COVINGTON & BURLING]

<PAGE>

                                                                       ANNEX III

                         [FORM OF COMFORT LETTER OF PWC]

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