Document:

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                       GUARANTEE AND COLLATERAL AGREEMENT

                                     made by

                               INAMED CORPORATION

                         and certain of its Subsidiaries

                                   in favor of

                           FIRST UNION NATIONAL BANK,
                             as Administrative Agent

                          Dated as of February 1, 2000

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                                TABLE OF CONTENTS

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SECTION 1.  DEFINED TERMS.................................................    1
     1.1  Definitions.....................................................    1
     1.2  Other Definitional Provisions...................................    5

SECTION 2.  GUARANTEE.....................................................    5
     2.1  Guarantee.......................................................    5
     2.2  Right of Contribution...........................................    5
     2.3  No Subrogation..................................................    6
     2.4  Amendments, etc. with respect to the Borrower Obligations.......    6
     2.5  Guarantee Absolute and Unconditional............................    6
     2.6  Reinstatement...................................................    7
     2.7  Payments........................................................    7

SECTION 3.  GRANT OF SECURITY INTEREST....................................    7

SECTION 4.  REPRESENTATIONS AND WARRANTIES................................    8
     4.1  Representations in Credit Agreement.............................    8
     4.2  Title; No Other Liens...........................................    8
     4.3  Perfected First Priority Liens..................................    9
     4.4  Chief Executive Office..........................................    9
     4.5  Inventory and Equipment.........................................    9
     4.6  Farm Products...................................................    9
     4.7  Investment Property.............................................    9
     4.8  Receivables.....................................................    9
     4.9  Intellectual Property...........................................    9

SECTION 5.  COVENANTS.....................................................   10
     5.1  Covenants in Credit Agreement...................................   10
     5.2  Delivery of Instruments, Certificated Securities
          and Chattel Paper...............................................   10
     5.3  Maintenance of Insurance........................................   10
     5.4  Payment of Obligations..........................................   11
     5.5  Maintenance of Perfected Security Interest;
          Further Documentation...........................................   11
     5.6  Changes in Locations, Name, etc.................................   11
     5.7  Notices.........................................................   12
     5.8  Investment Property.............................................   12
     5.9  Receivables.....................................................   13
     5.10  Intellectual Property..........................................   13

SECTION 6.  REMEDIAL PROVISIONS...........................................   14
     6.1  Certain Matters Relating to Receivables.........................   14
     6.2  Communications with Obligors; Grantors Remain Liable............   15
     6.3  Pledged Stock...................................................   15
     6.4  Proceeds to be Turned Over To Administrative Agent..............   16
     6.5  Application of Proceeds.........................................   16

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     6.6  Code and Other Remedies.........................................   17
     6.7  Registration Rights.............................................   17
     6.8  Waiver; Deficiency..............................................   18

SECTION 7.  THE ADMINISTRATIVE AGENT......................................   18
     7.1  Administrative Agent's Appointment as Attorney-in-Fact, etc.....   18
     7.2  Duty of Administrative Agent....................................   20
     7.3  Execution of Financing Statements...............................   20
     7.4  Authority of Administrative Agent...............................   20

SECTION 8.  MISCELLANEOUS.................................................   21
     8.1  Amendments in Writing...........................................   21
     8.2  Notices.........................................................   21
     8.3  No Waiver by Course of Conduct; Cumulative Remedies.............   21
     8.4  Enforcement Expenses; Indemnification...........................   21
     8.5  Successors and Assigns..........................................   21
     8.6  Set-Off.........................................................   22
     8.7  Counterparts....................................................   22
     8.8  Severability....................................................   22
     8.9  Section Headings................................................   22
     8.10  Integration....................................................   22
     8.11  GOVERNING LAW..................................................   22
     8.12  Submission To Jurisdiction; Waivers............................   22
     8.13  Acknowledgments................................................   23
     8.14  Additional Grantors............................................   23
     8.15  Releases.......................................................   23
     8.16  WAIVER OF JURY TRIAL...........................................   24

SCHEDULES

Schedule 1        Guarantor Notice Addresses
Schedule 2        Investment Property
Schedule 3        Perfection Matters
Schedule 4        Jurisdictions of Organization and Chief Executive Offices
Schedule 5        Inventory and Equipment Locations
Schedule 6        Intellectual Property

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          GUARANTEE AND COLLATERAL AGREEMENT, dated as of February 1, 2000, made
by each of the signatories hereto (together with any other entity that may
become a party hereto as provided herein, the "Grantors"), in favor of First
Union National Bank, as Administrative Agent (in such capacity, the
"Administrative Agent") for the banks and other financial institutions (the
"Lenders") from time to time parties to the Credit Agreement, dated as of
February 1, 2000 (as amended, supplemented or otherwise modified from time to
time, the "Credit Agreement"), among Inamed Corporation (the "Borrower"), the
Lenders, Bear Stearns Corporate Lending Inc., as Syndication Agent (in such
capacity, the "Syndication Agent"), Bear, Stearns & Co. Inc., as sole lead
arranger and sole book manager (the "Arranger") and the Administrative Agent.

                              W I T N E S S E T H:
                              - - - - - - - - - -

          WHEREAS, pursuant to the Credit Agreement, the Lenders have severally
agreed to make extensions of credit to the Borrower upon the terms and subject
to the conditions set forth therein;

          WHEREAS, the Borrower is a member of an affiliated group of companies
that includes each other Grantor;

          WHEREAS, the proceeds of the extensions of credit under the Credit
Agreement will be used in part to enable the Borrower to make valuable transfers
to one or more of the other Grantors in connection with the operation of their
respective businesses;

          WHEREAS, the Borrower and the other Grantors are engaged in related
businesses, and each Grantor will derive substantial direct and indirect benefit
from the making of the extensions of credit under the Credit Agreement; and

          WHEREAS, it is a condition precedent to the obligation of the Lenders
to make their respective extensions of credit to the Borrower under the Credit
Agreement that the Grantors shall have executed and delivered this Agreement to
the Administrative Agent for the ratable benefit of the Lenders;

          NOW, THEREFORE, in consideration of the premises and to induce the
Administrative Agent, the Syndication Agent and the Lenders to enter into the
Credit Agreement and to induce the Lenders to make their respective extensions
of credit to the Borrower thereunder, each Grantor hereby agrees with the
Administrative Agent, for the ratable benefit of the Lenders, as follows:

                              SECTION DEFINED TERMS

          1.1 Definitions. (a) Unless otherwise defined herein, terms defined in
the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement, and the following terms are used herein as defined in the
New York UCC: Accounts, Certificated Security, Chattel Paper, Documents,
Equipment, Farm Products, Goods, Instruments and Inventory.

          (b)  The following terms shall have the following meanings:
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          "Agreement": this Guarantee and Collateral Agreement, as the same may
     be amended, supplemented or otherwise modified from time to time.

          "Borrower Obligations": the collective reference to the unpaid
     principal of and interest on the Loans and Reimbursement Obligations and
     all other obligations and liabilities of the Borrower (including, without
     limitation, interest accruing at the then applicable rate provided in the
     Credit Agreement after the maturity of the Loans and Reimbursement
     Obligations and interest accruing at the then applicable rate provided in
     the Credit Agreement after the filing of any petition in bankruptcy, or the
     commencement of any insolvency, reorganization or like proceeding, relating
     to the Borrower, whether or not a claim for post-filing or post-petition
     interest is allowed in such proceeding) to any Agent or any Lender (or, in
     the case of any Lender Hedge Agreement, any Affiliate of any Lender),
     whether direct or indirect, absolute or contingent, due or to become due,
     or now existing or hereafter incurred, which may arise under, out of, or in
     connection with, the Credit Agreement, this Agreement, the other Loan
     Documents, any Letter of Credit, any Lender Hedge Agreement or any other
     document made, delivered or given in connection with any of the foregoing,
     in each case whether on account of principal, interest, reimbursement
     obligations, fees, indemnities, costs, expenses or otherwise (including,
     without limitation, all fees and disbursements of counsel to any Agent or
     to any Lender that are required to be paid by the Borrower pursuant to the
     terms of any of the foregoing agreements).

          "Collateral": as defined in Section 3.

          "Collateral Account": any collateral account established by the
     Administrative Agent as provided in Section 6.1 or 6.4.

          "Copyrights": (i) all copyrights arising under the laws of the United
     States, any other country or any political subdivision thereof, whether
     registered or unregistered and whether published or unpublished (including,
     without limitation, those listed in Schedule 6), all registrations and
     recordings thereof, and all applications in connection therewith,
     including, without limitation, all registrations, recordings and
     applications in the United States Copyright Office, and (ii) the right to
     obtain all renewals thereof.

          "Copyright Licenses": any written agreement naming any Grantor as
     licensor or licensee (including, without limitation, those listed in
     Schedule 6), granting any right under any Copyright, including, without
     limitation, the grant of rights to manufacture, distribute, exploit and
     sell materials derived from any Copyright.

          "Deposit Account": as defined in the Uniform Commercial Code of any
     applicable jurisdiction and, in any event, including, without limitation,
     any demand, time, savings, passbook or like account maintained with a
     depositary institution.

          "Foreign Subsidiary": any Subsidiary organized under the laws of any
     jurisdiction outside the United States of America.

          "Foreign Subsidiary Voting Stock": the voting Capital Stock of any
     Foreign Subsidiary.
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          "General Intangibles": all "general intangibles" as such term is
     defined in Section 9-106 of the New York UCC and, in any event, including,
     without limitation, with respect to any Grantor, all contracts, agreements,
     instruments and indentures in any form, and portions thereof, to which such
     Grantor is a party or under which such Grantor has any right, title or
     interest or to which such Grantor or any property of such Grantor is
     subject, as the same may from time to time be amended, supplemented or
     otherwise modified, including, without limitation, (i) all rights of such
     Grantor to receive moneys due and to become due to it thereunder or in
     connection therewith, (ii) all rights of such Grantor to damages arising
     thereunder and (iii) all rights of such Grantor to perform and to exercise
     all remedies thereunder, in each case to the extent the grant by such
     Grantor of a security interest pursuant to this Agreement in its right,
     title and interest in such contract, agreement, instrument or indenture is
     not prohibited by such contract, agreement, instrument or indenture without
     the consent of any other party thereto, would not give any other party to
     such contract, agreement, instrument or indenture the right to terminate
     its obligations thereunder, or is permitted with consent if all necessary
     consents to such grant of a security interest have been obtained from the
     other parties thereto (it being understood that the foregoing shall not be
     deemed to obligate such Grantor to obtain such consents); provided, that
     the foregoing limitation shall not affect, limit, restrict or impair the
     grant by such Grantor of a security interest pursuant to this Agreement in
     any Receivable or any money or other amounts due or to become due under any
     such contract, agreement, instrument or indenture.

          "Guarantor Obligations": with respect to any Guarantor, all
     obligations and liabilities of such Guarantor which may arise under or in
     connection with this Agreement (including, without limitation, Section 2)
     or any other Loan Document to which such Guarantor is a party, in each case
     whether on account of guarantee obligations, reimbursement obligations,
     fees, indemnities, costs, expenses or otherwise (including, without
     limitation, all fees and disbursements of counsel to any Agent or to any
     Lender that are required to be paid by such Guarantor pursuant to the terms
     of this Agreement or any other Loan Document).

          "Guarantors": the collective reference to each Grantor other than the
     Borrower.

          "Intellectual Property": the collective reference to all rights,
     priorities and privileges relating to intellectual property, whether
     arising under United States, multinational or foreign laws or otherwise,
     including, without limitation, the Copyrights, the Copyright Licenses, the
     Patents, the Patent Licenses, the Trademarks and the Trademark Licenses,
     and all rights to sue at law or in equity for any infringement or other
     impairment thereof, including the right to receive all proceeds and damages
     therefrom.

          "Intercompany Note": any promissory note evidencing loans made by any
     Grantor to the Borrower or any of its Subsidiaries.

          "Investment Property": the collective reference to (i) all "investment
     property" as such term is defined in Section 9-115 of the New York UCC
     (other than any Foreign Subsidiary Voting Stock excluded from the
     definition of "Pledged Stock") and (ii) whether or not constituting
     "investment property" as so defined, all Pledged Notes and all Pledged
     Stock.

          "Issuers": the collective reference to each issuer of any Investment
     Property.
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         "Lender Hedge Agreements": all interest rate swaps, caps or collar
     agreements or similar arrangements entered into by the Borrower with any
     Lender (or any Affiliate of any Lender) providing for protection against
     fluctuations in interest rates or currency exchange rates or the exchange
     of nominal interest obligations, either generally or under specific
     contingencies.

          "New York UCC": the Uniform Commercial Code as from time to time in
     effect in the State of New York.

          "Obligations": (i) in the case of the Borrower, the Borrower
     Obligations, and (ii) in the case of each Guarantor, its Guarantor
     Obligations.

          "Patents": (i) all letters patent of the United States, any other
     country or any political subdivision thereof, all reissues and extensions
     thereof and all goodwill associated therewith, including, without
     limitation, any of the foregoing referred to in Schedule 6, (ii) all
     applications for letters patent of the United States or any other country
     and all divisions, continuations and continuations-in-part thereof,
     including, without limitation, any of the foregoing referred to in Schedule
     6, and (iii) all rights to obtain any reissues or extensions of the
     foregoing.

          "Patent License": all agreements, whether written or oral, providing
     for the grant by or to any Grantor of any right to manufacture, use or sell
     any invention covered in whole or in part by a Patent, including, without
     limitation, any of the foregoing referred to in Schedule 6.

          "Pledged Notes": all promissory notes listed on Schedule 2, all
     Intercompany Notes at any time issued to any Grantor and all other
     promissory notes issued to or held by any Grantor (other than promissory
     notes issued in connection with extensions of trade credit by any Grantor
     in the ordinary course of business).

          "Pledged Stock": the shares of Capital Stock listed on Schedule 2,
     together with any other shares, stock certificates, options or rights of
     any nature whatsoever in respect of the Capital Stock of any Person that
     may be issued or granted to, or held by, any Grantor while this Agreement
     is in effect; provided that in no event shall more than 65% of the total
     outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary be
     required to be pledged hereunder.

          "Proceeds": all "proceeds" as such term is defined in Section 9-306(1)
     of the New York UCC and, in any event, shall include, without limitation,
     all dividends or other income from the Investment Property, collections
     thereon or distributions or payments with respect thereto.

          "Receivable": any right to payment for goods sold or leased or for
     services rendered, whether or not such right is evidenced by an Instrument
     or Chattel Paper and whether or not it has been earned by performance
     (including, without limitation, any Account).

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

          "Trademarks": (i) all trademarks, trade names, corporate names,
     company names, business names, fictitious business names, trade styles,
     service marks, logos and other source or business identifiers, and all
     goodwill associated therewith, now existing or hereafter adopted or
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                                                                               5

     acquired, all registrations and recordings thereof, and all applications in
     connection therewith, whether in the United States Patent and Trademark
     Office or in any similar office or agency of the United States, any State
     thereof or any other country or any political subdivision thereof, or
     otherwise, and all common-law rights related thereto, including, without
     limitation, any of the foregoing referred to in Schedule 6, and (ii) the
     right to obtain all renewals thereof.

          "Trademark License": any agreement, whether written or oral, providing
     for the grant by or to any Grantor of any right to use any Trademark,
     including, without limitation, any of the foregoing referred to in Schedule
     6.

          1.2  Other Definitional Provisions. (a) The words "hereof," "herein",
"hereto" and "hereunder" and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of
this Agreement, and Section and Schedule references are to this Agreement unless
otherwise specified.

          (b)  The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.

          (c)  Where the context requires, terms relating to the Collateral or
any part thereof, when used in relation to a Grantor, shall refer to such
Grantor's Collateral or the relevant part thereof.

                              SECTION 2. GUARANTEE

          2.1 Guarantee. (a) Each of the Guarantors hereby, jointly and
severally, unconditionally and irrevocably, guarantees to the Administrative
Agent, for the ratable benefit of the Lenders and their respective successors,
indorsees, transferees and assigns, the prompt and complete payment and
performance by the Borrower when due (whether at the stated maturity, by
acceleration or otherwise) of the Borrower Obligations.

          (b) Anything herein or in any other Loan Document to the contrary
notwithstanding, the maximum liability of each Guarantor hereunder and under the
other Loan Documents shall in no event exceed the amount which can be guaranteed
by such Guarantor under applicable federal and state laws relating to the
insolvency of debtors (after giving effect to the right of contribution
established in Section 2.2).

          (c) Each Guarantor agrees that the Borrower Obligations may at any
time and from time to time exceed the amount of the liability of such Guarantor
hereunder without impairing the guarantee contained in this Section 2 or
affecting the rights and remedies of the Administrative Agent or any Lender
hereunder.

          (d) The guarantee contained in this Section 2 shall remain in full
force and effect until all the Borrower Obligations and the obligations of each
Guarantor under the guarantee contained in this Section 2 shall have been
satisfied by payment in full, no Letter of Credit shall be outstanding and the
Commitments shall be terminated, notwithstanding that from time to time during
the term of the Credit Agreement the Borrower may be free from any Borrower
Obligations.
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          (e) No payment made by the Borrower, any of the Guarantors, any other
guarantor or any other Person or received or collected by the Administrative
Agent or any Lender from the Borrower, any of the Guarantors, any other
guarantor or any other Person by virtue of any action or proceeding or any
set-off or appropriation or application at any time or from time to time in
reduction of or in payment of the Borrower Obligations shall be deemed to
modify, reduce, release or otherwise affect the liability of any Guarantor
hereunder which shall, notwithstanding any such payment (other than any payment
made by such Guarantor in respect of the Borrower Obligations or any payment
received or collected from such Guarantor in respect of the Borrower
Obligations), remain liable for the Borrower Obligations up to the maximum
liability of such Guarantor hereunder until the Borrower Obligations are paid in
full, no Letter of Credit shall be outstanding and the Commitments are
terminated.

          2.2 Right of Contribution. Each Guarantor hereby agrees that to the
extent that a Guarantor shall have paid more than its proportionate share of any
payment made hereunder, such Guarantor shall be entitled to seek and receive
contribution from and against any other Guarantor hereunder which has not paid
its proportionate share of such payment. Each Guarantor's right of contribution
shall be subject to the terms and conditions of Section 2.3. The provisions of
this Section 2.2 shall in no respect limit the obligations and liabilities of
any Guarantor to the Administrative Agent and the Lenders, and each Guarantor
shall remain liable to the Administrative Agent and the Lenders for the full
amount guaranteed by such Guarantor hereunder.

          2.3 No Subrogation. Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by the
Administrative Agent or any Lender, no Guarantor shall be entitled to be
subrogated to any of the rights of the Administrative Agent or any Lender
against the Borrower or any other Guarantor or any collateral security or
guarantee or right of offset held by the Administrative Agent or any Lender for
the payment of the Borrower Obligations, nor shall any Guarantor seek or be
entitled to seek any contribution or reimbursement from the Borrower or any
other Guarantor in respect of payments made by such Guarantor hereunder, until
all amounts owing to the Administrative Agent and the Lenders by the Borrower on
account of the Borrower Obligations are paid in full, no Letter of Credit shall
be outstanding and the Commitments are terminated. If any amount shall be paid
to any Guarantor on account of such subrogation rights at any time when all of
the Borrower Obligations shall not have been paid in full, such amount shall be
held by such Guarantor in trust for the Administrative Agent and the Lenders,
segregated from other funds of such Guarantor, and shall, forthwith upon receipt
by such Guarantor, be turned over to the Administrative Agent in the exact form
received by such Guarantor (duly indorsed by such Guarantor to the
Administrative Agent, if required), to be applied against the Borrower
Obligations, whether matured or unmatured, in such order as the Administrative
Agent may determine.

          2.4 Amendments, etc. with respect to the Borrower Obligations. Each
Guarantor shall remain obligated hereunder notwithstanding that, without any
reservation of rights against any Guarantor and without notice to or further
assent by any Guarantor, any demand for payment of any of the Borrower
Obligations made by the Administrative Agent or any Lender may be rescinded by
the Administrative Agent or such Lender and any of the Borrower Obligations
continued, and the Borrower Obligations, or the liability of any other Person
upon or for any part thereof, or any collateral security or guarantee therefor
or right of offset with respect thereto, may, from time to time, in whole or in
part, be renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered or released by the Administrative Agent or any Lender, and the
Credit Agreement and the other Loan Documents and any other documents executed
and delivered in connection therewith may be amended, modified, supplemented or
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terminated, in whole or in part, as the Administrative Agent (or the Required
Lenders or all Lenders, as the case may be) may deem advisable from time to
time, and any collateral security, guarantee or right of offset at any time held
by the Administrative Agent or any Lender for the payment of the Borrower
Obligations may be sold, exchanged, waived, surrendered or released. Neither the
Administrative Agent nor any Lender shall have any obligation to protect,
secure, perfect or insure any Lien at any time held by it as security for the
Borrower Obligations or for the guarantee contained in this Section 2 or any
property subject thereto.

          2.5 Guarantee Absolute and Unconditional. Each Guarantor waives any
and all notice of the creation, renewal, extension or accrual of any of the
Borrower Obligations and notice of or proof of reliance by the Administrative
Agent or any Lender upon the guarantee contained in this Section 2 or acceptance
of the guarantee contained in this Section 2; the Borrower Obligations, and any
of them, shall conclusively be deemed to have been created, contracted or
incurred, or renewed, extended, amended or waived, in reliance upon the
guarantee contained in this Section 2; and all dealings between the Borrower and
any of the Guarantors, on the one hand, and the Administrative Agent and the
Lenders, on the other hand, likewise shall be conclusively presumed to have been
had or consummated in reliance upon the guarantee contained in this Section 2.
Each Guarantor waives diligence, presentment, protest, demand for payment and
notice of default or nonpayment to or upon the Borrower or any of the Guarantors
with respect to the Borrower Obligations. Each Guarantor understands and agrees
that the guarantee contained in this Section 2 shall be construed as a
continuing, absolute and unconditional guarantee of payment without regard to
(a) the validity or enforceability of the Credit Agreement or any other Loan
Document, any of the Borrower Obligations or any other collateral security
therefor or guarantee or right of offset with respect thereto at any time or
from time to time held by the Administrative Agent or any Lender, (b) any
defense, set-off or counterclaim (other than a defense of payment or
performance) which may at any time be available to or be asserted by the
Borrower or any other Person against the Administrative Agent or any Lender, or
(c) any other circumstance whatsoever (with or without notice to or knowledge of
the Borrower or such Guarantor) which constitutes, or might be construed to
constitute, an equitable or legal discharge of the Borrower for the Borrower
Obligations, or of such Guarantor under the guarantee contained in this Section
2, in bankruptcy or in any other instance. When making any demand hereunder or
otherwise pursuing its rights and remedies hereunder against any Guarantor, the
Administrative Agent or any Lender may, but shall be under no obligation to,
make a similar demand on or otherwise pursue such rights and remedies as it may
have against the Borrower, any other Guarantor or any other Person or against
any collateral security or guarantee for the Borrower Obligations or any right
of offset with respect thereto, and any failure by the Administrative Agent or
any Lender to make any such demand, to pursue such other rights or remedies or
to collect any payments from the Borrower, any other Guarantor or any other
Person or to realize upon any such collateral security or guarantee or to
exercise any such right of offset, or any release of the Borrower, any other
Guarantor or any other Person or any such collateral security, guarantee or
right of offset, shall not relieve any Guarantor of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether
express, implied or available as a matter of law, of the Administrative Agent or
any Lender against any Guarantor. For the purposes hereof "demand" shall include
the commencement and continuance of any legal proceedings.

          2.6 Reinstatement. The guarantee contained in this Section 2 shall
continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the Borrower Obligations is rescinded or
must otherwise be restored or returned by the Administrative Agent or any Lender
upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of
the Borrower or any Guarantor, or upon or as a result of the appointment of a
<PAGE>
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receiver, intervenor or conservator of, or trustee or similar officer for, the
Borrower or any Guarantor or any substantial part of its property, or otherwise,
all as though such payments had not been made.

          2.7 Payments. Each Guarantor hereby guarantees that payments hereunder
will be paid to the Administrative Agent without set-off or counterclaim in
Dollars at the office of the Administrative Agent specified in the Credit
Agreement.

                      SECTION 3. GRANT OF SECURITY INTEREST

          Each Grantor hereby assigns and transfers to the Administrative Agent,
and hereby grants to the Administrative Agent, for the ratable benefit of the
Lenders, a security interest in, all of the following property now owned or at
any time hereafter acquired by such Grantor or in which such Grantor now has or
at any time in the future may acquire any right, title or interest
(collectively, the "Collateral"), as collateral security for the prompt and
complete payment and performance when due (whether at the stated maturity, by
acceleration or otherwise) of such Grantor's Obligations,:

          (a) all Accounts;

          (b) all Chattel Paper;

          (c) all Deposit Accounts;

          (d) all Documents;

          (e) all Equipment;

          (f) all General Intangibles;

          (g) all Instruments;

          (h) all Intellectual Property;

          (i) all Inventory;

          (j) all Investment Property;

          (k) all Goods and other property not otherwise described above;

          (l) all books and records pertaining to the Collateral; and

          (m) to the extent not otherwise included, all Proceeds and products of
     any and all of the foregoing and all collateral security and guarantees
     given by any Person with respect to any of the foregoing;
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provided that any contracts or other agreements which require the consent of a
party other than the Borrower or Subsidiary thereof in order to pledge its
rights thereunder shall be excluded from the definition of "Collateral".

                    SECTION 4. REPRESENTATIONS AND WARRANTIES

          To induce the Administrative Agent and the Lenders to enter into the
Credit Agreement and to induce the Lenders to make their respective extensions
of credit to the Borrower thereunder, each Grantor hereby represents and
warrants to the Administrative Agent and each Lender that:

          4.1 Representations in Credit Agreement. In the case of each
Guarantor, the representations and warranties set forth in Sections 4.3, 4.4,
4.5, 4.6, 4.7, 4.8, 4.9, 4.10, 4.12, 4.14, 4.17, and 4.20 of the Credit
Agreement as they relate to such Guarantor or to the Loan Documents to which
such Guarantor is a party, each of which is hereby incorporated herein by
reference, are true and correct, and the Administrative Agent and each Lender
shall be entitled to rely on each of them as if they were fully set forth
herein; provided that each reference in each such representation and warranty to
the Borrower's knowledge shall, for the purposes of this Section 4.1, be deemed
to be a reference to such Guarantor's knowledge.

          4.2 Title; No Other Liens. Except for the security interest granted to
the Administrative Agent for the ratable benefit of the Lenders pursuant to this
Agreement and the other Liens permitted to exist on the Collateral by the Credit
Agreement, such Grantor owns each item of the Collateral free and clear of any
and all Liens or claims of others. No financing statement or other public notice
with respect to all or any part of the Collateral is on file or of record in any
public office, except such as have been filed in favor of the Administrative
Agent, for the ratable benefit of the Lenders, pursuant to this Agreement or as
are permitted by the Credit Agreement.

          4.3 Perfected First Priority Liens. The security interests granted
pursuant to this Agreement (a) upon completion of the filings and other actions
specified on Schedule 3 (which, in the case of all filings and other documents
referred to on said Schedule, have been delivered to the Administrative Agent in
completed and duly executed form) will constitute valid perfected security
interests in all of the Collateral in favor of the Administrative Agent, for the
ratable benefit of the Lenders, as collateral security for such Grantor's
Obligations, enforceable in accordance with the terms hereof against all
creditors of such Grantor and any Persons purporting to purchase any Collateral
from such Grantor and (b) are prior to all other Liens on the Collateral in
existence on the date hereof except for Liens permitted by the Credit Agreement
which have priority over the Liens on the Collateral.

          4.4 Chief Executive Office. On the date hereof, such Grantor's
jurisdiction of organization and the location of such Grantor's chief executive
office or sole place of business are specified on Schedule 4.

          4.5 Inventory and Equipment. On the date hereof, the Inventory and the
Equipment (other than mobile goods) are kept at the locations listed on Schedule
5.

          4.6 Farm Products. None of the Collateral constitutes, or is the
Proceeds of, Farm Products.
<PAGE>
                                                                              10

          4.7 Investment Property. (a) The shares of Pledged Stock pledged by
such Grantor hereunder constitute all the issued and outstanding shares of all
classes of the Capital Stock of each Issuer owned by such Grantor or, in the
case of Foreign Subsidiary Voting Stock, if less, 65% of the outstanding Foreign
Subsidiary Voting Stock of each relevant Issuer.

          (b) All the shares of the Pledged Stock have been duly and validly
issued and are fully paid and nonassessable.

          (c) Each of the Pledged Notes constitutes the legal, valid and binding
obligation of the obligor with respect thereto, enforceable in accordance with
its terms, subject to the effects of bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws relating to or
affecting creditors' rights generally, general equitable principles (whether
considered in a proceeding in equity or at law) and an implied covenant of good
faith and fair dealing.

          (d) Such Grantor is the record and beneficial owner of, and has good
and marketable title to, the Investment Property pledged by it hereunder, free
of any and all Liens or options in favor of, or claims of, any other Person,
except the security interest created by this Agreement or as permitted by the
Credit Agreement.

          4.8 Receivables. (a) No amount payable to such Grantor in excess of
$1,000 under or in connection with any Receivable is evidenced by any Instrument
which has not been delivered to the Administrative Agent.

          (b) None of the obligors on any Receivables is a Governmental
Authority.

          (c) The amounts represented by such Grantor to the Lenders from time
to time as owing to such Grantor in respect of the Receivables will at such
times be accurate.

          4.9 Intellectual Property. (a) Schedule 6 lists all Intellectual
Property owned by such Grantor in its own name on the date hereof.

          (b) On the date hereof, all material Intellectual Property of such
Grantor described on Schedule 6 is valid, subsisting, unexpired and enforceable,
has not been abandoned and does not infringe the intellectual property rights of
any other Person.

          (c) Except as set forth in Schedule 6, on the date hereof, none of the
Intellectual Property is the subject of any licensing or franchise agreement
pursuant to which such Grantor is the licensor or franchisor.

          (d) No holding, decision or judgment has been rendered by any
Governmental Authority which would limit, cancel or question the validity of, or
such Grantor's rights in, any Intellectual Property in any respect that could
reasonably be expected to have a Material Adverse Effect.

          (e) No action or proceeding is pending, or, to the knowledge of such
Grantor, threatened, on the date hereof (i) seeking to limit, cancel or question
the validity of any Intellectual Property or such Grantor's ownership interest
therein, or (ii) which, if adversely determined, would have a material adverse
effect on the value of any Intellectual Property.
<PAGE>
                                                                              11

                              SECTION 5. COVENANTS

          Each Grantor covenants and agrees with the Administrative Agent and
the Lenders that, from and after the date of this Agreement until the
Obligations shall have been paid in full, no Letter of Credit shall be
outstanding and the Commitments shall have terminated:

          5.1 Covenants in Credit Agreement. In the case of each Guarantor, such
Guarantor shall take, or shall refrain from taking, as the case may be, each
action that is necessary to be taken or not taken, as the case may be, so that
no Default or Event of Default is caused by the failure to take such action or
to refrain from taking such action by such Guarantor or any of its Subsidiaries.

          5.2 Delivery of Instruments and Certificated Securities. If an amount
in excess of $50,000 shall become payable under or in connection with any of the
Collateral and shall be or become evidenced by any Instrument or Certificated
Security, such Instrument or Certificated Security shall be immediately
delivered to the Administrative Agent, duly indorsed in a manner satisfactory to
the Administrative Agent, to be held as Collateral pursuant to this Agreement.

          5.3 Maintenance of Insurance. (a) Such Grantor will maintain, with
financially sound and reputable companies, insurance policies (i) insuring the
Inventory and Equipment against loss by fire, explosion, theft and such other
casualties as may be reasonably satisfactory to the Administrative Agent and
(ii) insuring such Grantor, the Administrative Agent and the Lenders against
liability for personal injury and property damage relating to such Inventory,
Equipment, such policies to be in such form and amounts and having such coverage
as may be reasonably satisfactory to the Administrative Agent and the Lenders.

          (b) All such insurance shall (i) provide that no cancellation,
material reduction in amount or material change in coverage thereof shall be
effective until at least 30 days after receipt by the Administrative Agent of
written notice thereof, (ii) name the Administrative Agent as insured party or
loss payee, (iii) if reasonably requested by the Administrative Agent, include a
breach of warranty clause and (iv) be reasonably satisfactory in all other
respects to the Administrative Agent.

          (c) The Borrower shall deliver to the Administrative Agent and the
Lenders a report of a reputable insurance broker with respect to such insurance
substantially concurrently with each delivery of the Borrower's audited annual
financial statements and such supplemental reports with respect thereto as the
Administrative Agent may from time to time reasonably request.

          5.4 Payment of Obligations. Such Grantor will pay and discharge or
otherwise satisfy at or before maturity or before they become delinquent, as the
case may be, all taxes, assessments and governmental charges or levies imposed
upon the Collateral or in respect of income or profits therefrom, as well as all
claims of any kind (including, without limitation, claims for labor, materials
and supplies) against or with respect to the Collateral, except that no such
charge need be paid if the amount or validity thereof is currently being
contested in good faith by appropriate proceedings, reserves in conformity with
GAAP with respect thereto have been provided on the books of such Grantor and
such proceedings could not reasonably be expected to result in the sale,
forfeiture or loss of any material portion of the Collateral or any interest
therein.
<PAGE>
                                                                              12

          5.5 Maintenance of Perfected Security Interest; Further Documentation.
(a) Such Grantor shall maintain the security interest created by this Agreement
as a perfected security interest having at least the priority described in
Section 4.2 and shall defend such security interest against the claims and
demands of all Persons whomsoever.

          (b) Such Grantor will furnish to the Administrative Agent and the
Lenders from time to time statements and schedules further identifying and
describing the assets and property of such Grantor and such other reports in
connection with the Collateral as the Administrative Agent may reasonably
request, all in reasonable detail.

          (c) At any time and from time to time, upon the written request of the
Administrative Agent, and at the sole expense of such Grantor, such Grantor will
promptly and duly execute and deliver, and have recorded, such further
instruments and documents and take such further actions as the Administrative
Agent may reasonably request for the purpose of obtaining or preserving the full
benefits of this Agreement and of the rights and powers herein granted,
including, without limitation, (i) the filing of any financing or continuation
statements under the Uniform Commercial Code (or other similar laws) in effect
in any jurisdiction with respect to the security interests created hereby and
(ii) in the case of Investment Property, Deposit Accounts and any other relevant
Collateral, taking any actions necessary to enable the Administrative Agent to
obtain "control" (within the meaning of the applicable Uniform Commercial Code)
with respect thereto.

          5.6 Changes in Locations, Name, etc. Such Grantor will not, except
upon 15 days' prior written notice to the Administrative Agent and delivery to
the Administrative Agent of (a) all additional executed financing statements and
other documents reasonably requested by the Administrative Agent to maintain the
validity, perfection and priority of the security interests provided for herein
and (b) if applicable, a written supplement to Schedule 5 showing any additional
location at which Inventory or Equipment shall be kept:

          (i) permit any of the Inventory or Equipment (other than Inventory and
     Equipment in transit between two locations listed on Schedule 5) to be kept
     at a location other than those listed on Schedule 5;

          (ii) change its jurisdiction of organization or the location of its
     chief executive office or sole place of business from that referred to in
     Section 4.4; or

          (iii) change its name, identity or corporate structure to such an
     extent that any financing statement filed by the Administrative Agent in
     connection with this Agreement would become misleading.

          5.7 Notices. Such Grantor will advise the Administrative Agent and the
Lenders promptly, in reasonable detail, of:

          (a) any Lien (other than security interests created hereby or Liens
     permitted under the Credit Agreement) on any of the Collateral which would
     adversely affect the ability of the Administrative Agent to exercise any of
     its remedies hereunder; and
<PAGE>
                                                                              13

          (b) of the occurrence of any other event which could reasonably be
     expected to have a material adverse effect on the aggregate value of the
     Collateral or on the security interests created hereby.

          5.8 Investment Property. (a) If such Grantor shall become entitled to
receive or shall receive any stock certificate (including, without limitation,
any certificate representing a stock dividend or a distribution in connection
with any reclassification, increase or reduction of capital or any certificate
issued in connection with any reorganization), option or rights in respect of
the Capital Stock of any Issuer, whether in addition to, in substitution of, as
a conversion of, or in exchange for, any shares of the Pledged Stock, or
otherwise in respect thereof, such Grantor shall accept the same as the agent of
the Administrative Agent and the Lenders, hold the same in trust for the
Administrative Agent and the Lenders and deliver the same forthwith to the
Administrative Agent in the exact form received, duly indorsed by such Grantor
to the Administrative Agent, if required, together with an undated stock power
covering such certificate duly executed in blank by such Grantor and with, if
the Administrative Agent so requests, signature guaranteed, to be held by the
Administrative Agent, subject to the terms hereof, as additional collateral
security for the Obligations subject to the 65% limitation for Foreign
Subsidiary Voting Stock. Any sums paid upon or in respect of the Investment
Property upon the liquidation or dissolution of any Issuer shall be paid over to
the Administrative Agent to be held by it hereunder as additional collateral
security for the Obligations, and in case any distribution of capital shall be
made on or in respect of the Investment Property or any property shall be
distributed upon or with respect to the Investment Property pursuant to the
recapitalization or reclassification of the capital of any Issuer or pursuant to
the reorganization thereof, the property so distributed shall, unless otherwise
subject to a perfected security interest in favor of the Administrative Agent,
be delivered to the Administrative Agent to be held by it hereunder as
additional collateral security for the Obligations. If any sums of money or
property so paid or distributed in respect of the Investment Property shall be
received by such Grantor, such Grantor shall, until such money or property is
paid or delivered to the Administrative Agent, hold such money or property in
trust for the Lenders, segregated from other funds of such Grantor, as
additional collateral security for the Obligations.

          (b) Without the prior written consent of the Administrative Agent,
such Grantor will not (i) vote to enable, or take any other action to permit,
any Issuer to issue any stock or other equity securities of any nature or to
issue any other securities convertible into or granting the right to purchase or
exchange for any stock or other equity securities of any nature of any Issuer
unless such issuance is made part of the Collateral (subject to the 65%
limitation for Foreign Subsidiary Voting Stock), (ii) sell, assign, transfer,
exchange, or otherwise dispose of, or grant any option with respect to, the
Investment Property or Proceeds thereof (except pursuant to a transaction
expressly permitted by the Credit Agreement), (iii) create, incur or permit to
exist any Lien or option in favor of, or any claim of any Person with respect
to, any of the Investment Property or Proceeds thereof, or any interest therein,
except for the security interests created by this Agreement or as permitted by
the Credit Agreement or (iv) enter into any agreement or undertaking restricting
the right or ability of such Grantor or the Administrative Agent to sell, assign
or transfer any of the Investment Property or Proceeds thereof.

          (c) In the case of each Grantor which is an Issuer, such Issuer agrees
that (i) it will be bound by the terms of this Agreement relating to the
Investment Property issued by it and will comply with such terms insofar as such
terms are applicable to it, (ii) it will notify the Administrative Agent
promptly in writing of the occurrence of any of the events described in Section
5.8(a) with respect to the Investment Property issued by it and (iii) the terms
of Sections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to
<PAGE>
                                                                              14

all actions that may be required of it pursuant to Section 6.3(c) or 6.7 with
respect to the Investment Property issued by it.

          5.9 Receivables. (a) Other than in the ordinary course of business
consistent with its past practice, such Grantor will not (i) grant any extension
of the time of payment of any Receivable, (ii) compromise or settle any
Receivable for less than the full amount thereof, (iii) release, wholly or
partially, any Person liable for the payment of any Receivable, (iv) allow any
credit or discount whatsoever on any Receivable or (v) amend, supplement or
modify any Receivable in any manner that could adversely affect the value
thereof.

          (b) Such Grantor will deliver to the Administrative Agent a copy of
each material demand, notice or document received by it that questions or calls
into doubt the validity or enforceability of more than 5% of the aggregate
amount of the then outstanding Receivables.

          5.10 Intellectual Property. (a) Such Grantor (either itself or through
licensees) will (i) continue to use each material Trademark on each and every
trademark class of goods applicable to its current line as reflected in its
current catalogs, brochures and price lists in order to maintain such Trademark
in full force free from any claim of abandonment for non-use unless in the good
faith judgment of such Grantor the use of such Trademark is no longer
commercially reasonable, (ii) maintain as in the past the quality of products
and services offered under such Trademark, (iii) use such Trademark with the
appropriate notice of registration and all other notices and legends required by
applicable Requirements of Law, (iv) not adopt or use any mark which is
confusingly similar or a colorable imitation of such Trademark unless the
Administrative Agent, for the ratable benefit of the Lenders, shall obtain a
perfected security interest in such mark pursuant to this Agreement, and (v) not
(and not permit any licensee or sublicensee thereof to) do any act or knowingly
omit to do any act whereby such Trademark may become invalidated or impaired in
any way.

          (b) Such Grantor (either itself or through licensees) will not do any
act, or omit to do any act, whereby any material Patent may become forfeited,
abandoned or dedicated to the public unless in the good faith judgment of such
Grantor the use of such Patent is no longer commercially reasonable.

          (c) Such Grantor (either itself or through licensees) (i) will employ
each material Copyright and (ii) will not (and will not permit any licensee or
sublicensee thereof to) do any act or knowingly omit to do any act whereby any
material portion of the Copyrights may become invalidated or otherwise impaired.
Such Grantor will not (either itself or through licensees) do any act whereby
any material portion of the Copyrights may fall into the public domain.

          (d) Such Grantor (either itself or through licensees) will not do any
act that knowingly uses any material Intellectual Property to infringe the
intellectual property rights of any other Person.

          (e) Such Grantor will notify the Administrative Agent and the Lenders
immediately if it knows, or has reason to know, that any application or
registration relating to any material Intellectual Property may become
forfeited, abandoned or dedicated to the public, or of any adverse determination
or development (including, without limitation, the institution of, or any such
determination or development in, any proceeding in the United States Patent and
Trademark Office, the United States Copyright Office or any court or tribunal in
any country) regarding such Grantor's ownership of, or the validity of, any
material Intellectual Property or such Grantor's right to register the same or
to own and maintain the same.
<PAGE>
                                                                              15

          (f) Whenever such Grantor, either by itself or through any agent,
employee, licensee or designee, shall file an application for the registration
of any Intellectual Property with the United States Patent and Trademark Office,
the United States Copyright Office or any similar office or agency in any other
country or any political subdivision thereof, such Grantor shall report such
filing to the Administrative Agent within five Business Days after the last day
of the fiscal quarter in which such filing occurs. Upon request of the
Administrative Agent, such Grantor shall execute and deliver, and have recorded,
any and all agreements, instruments, documents, and papers as the Administrative
Agent may request to evidence the Administrative Agent's and the Lenders'
security interest in any Copyright, Patent or Trademark and the goodwill and
general intangibles of such Grantor relating thereto or represented thereby.

          (g) Such Grantor will take all reasonable and necessary steps,
including, without limitation, in any proceeding before the United States Patent
and Trademark Office, the United States Copyright Office or any similar office
or agency in any other country or any political subdivision thereof, to maintain
and pursue each application (and to obtain the relevant registration) and to
maintain each registration of the material Intellectual Property, including,
without limitation, filing of applications for renewal, affidavits of use and
affidavits of incontestability.

          (h) In the event that any material Intellectual Property is infringed,
misappropriated or diluted by a third party, such Grantor shall (i) take such
actions as such Grantor shall reasonably deem appropriate under the
circumstances to protect such Intellectual Property and (ii) if such
Intellectual Property is of material economic value, promptly notify the
Administrative Agent after it learns thereof and sue for infringement,
misappropriation or dilution, to seek injunctive relief where appropriate and to
recover any and all damages for such infringement, misappropriation or dilution.

                         SECTION 6. REMEDIAL PROVISIONS

          6.1 Certain Matters Relating to Receivables. (a) The Administrative
Agent shall have the right to make test verifications of the Receivables in any
manner and through any medium that it reasonably considers advisable, and each
Grantor shall furnish all such assistance and information as the Administrative
Agent may require in connection with such test verifications. At any time and
from time to time, upon the Administrative Agent's request and at the expense of
the relevant Grantor, such Grantor shall cause independent public accountants or
others satisfactory to the Administrative Agent to furnish to the Administrative
Agent reports showing reconciliations, aging and test verifications of, and
trial balances for, the Receivables.

          (b) The Administrative Agent hereby authorizes each Grantor to collect
such Grantor's Receivables, subject to the Administrative Agent's direction and
control, and the Administrative Agent may curtail or terminate said authority at
any time after the occurrence and during the continuance of an Event of Default.
If required by the Administrative Agent at any time after the occurrence and
during the continuance of an Event of Default, any payments of Receivables, when
collected by any Grantor, (i) shall be forthwith (and, in any event, within two
Business Days) deposited by such Grantor in the exact form received, duly
indorsed by such Grantor to the Administrative Agent if required, in a
Collateral Account maintained under the sole dominion and control of the
Administrative Agent, subject to withdrawal by the Administrative Agent for the
account of the Lenders only as provided in Section 6.5, and (ii) until so turned
over, shall be held by such Grantor in trust for the Administrative Agent and
<PAGE>
                                                                              16

the Lenders, segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report identifying in
reasonable detail the nature and source of the payments included in the deposit.

          (c) At the Administrative Agent's request, each Grantor shall deliver
to the Administrative Agent all original and other documents evidencing, and
relating to, the agreements and transactions which gave rise to the Receivables,
including, without limitation, all original orders, invoices and shipping
receipts.

          6.2 Communications with Obligors; Grantors Remain Liable. (a) The
Administrative Agent in its own name or in the name of others may at any time
communicate with obligors under the Receivables to verify with them to the
Administrative Agent's satisfaction the existence, amount and terms of any
Receivables.

          (b) Upon the request of the Administrative Agent at any time after the
occurrence and during the continuance of an Event of Default, each Grantor shall
notify obligors on the Receivables that the Receivables have been assigned to
the Administrative Agent for the ratable benefit of the Lenders and that
payments in respect thereof shall be made directly to the Administrative Agent.

          (c) Anything herein to the contrary notwithstanding, each Grantor
shall remain liable under each of the Receivables to observe and perform all the
conditions and obligations to be observed and performed by it thereunder, all in
accordance with the terms of any agreement giving rise thereto. Neither the
Administrative Agent nor any Lender shall have any obligation or liability under
any Receivable (or any agreement giving rise thereto) by reason of or arising
out of this Agreement or the receipt by the Administrative Agent or any Lender
of any payment relating thereto, nor shall the Administrative Agent or any
Lender be obligated in any manner to perform any of the obligations of any
Grantor under or pursuant to any Receivable (or any agreement giving rise
thereto), to make any payment, to make any inquiry as to the nature or the
sufficiency of any payment received by it or as to the sufficiency of any
performance by any party thereunder, to present or file any claim, to take any
action to enforce any performance or to collect the payment of any amounts which
may have been assigned to it or to which it may be entitled at any time or
times.

          6.3 Pledged Stock. (a) Unless an Event of Default shall have occurred
and be continuing and the Administrative Agent shall have given notice to the
relevant Grantor of the Administrative Agent's intent to exercise its
corresponding rights pursuant to Section 6.3(b), each Grantor shall be permitted
to receive all cash dividends paid in respect of the Pledged Stock and all
payments made in respect of the Pledged Notes, in each case paid in the normal
course of business of the relevant Issuer and consistent with past practice, to
the extent permitted in the Credit Agreement, and to exercise all voting and
corporate rights with respect to the Investment Property; provided, however,
that no vote shall be cast or corporate right exercised or other action taken
which, in the Administrative Agent's reasonable judgment, would impair the
Collateral or which would be inconsistent with or result in any violation of any
provision of the Credit Agreement, this Agreement or any other Loan Document.

          (b) If an Event of Default shall occur and be continuing and the
Administrative Agent shall give notice of its intent to exercise such rights to
the relevant Grantor or Grantors, (i) the Administrative Agent shall have the
right to receive any and all cash dividends, payments or other Proceeds paid in
respect of the Investment Property and make application thereof to the
<PAGE>
                                                                              17

Obligations in such order as the Administrative Agent may determine, and (ii)
any or all of the Investment Property shall be registered in the name of the
Administrative Agent or its nominee, and the Administrative Agent or its nominee
may thereafter exercise (x) all voting, corporate and other rights pertaining to
such Investment Property at any meeting of shareholders of the relevant Issuer
or Issuers or otherwise and (y) any and all rights of conversion, exchange and
subscription and any other rights, privileges or options pertaining to such
Investment Property as if it were the absolute owner thereof (including, without
limitation, the right to exchange at its discretion any and all of the
Investment Property upon the merger, consolidation, reorganization,
recapitalization or other fundamental change in the corporate structure of any
Issuer, or upon the exercise by any Grantor or the Administrative Agent of any
right, privilege or option pertaining to such Investment Property, and in
connection therewith, the right to deposit and deliver any and all of the
Investment Property with any committee, depositary, transfer agent, registrar or
other designated agency upon such terms and conditions as the Administrative
Agent may determine), all without liability except to account for property
actually received by it, but the Administrative Agent shall have no duty to any
Grantor to exercise any such right, privilege or option and shall not be
responsible for any failure to do so or delay in so doing.

          (c) Each Grantor hereby authorizes and instructs each Issuer of any
Investment Property pledged by such Grantor hereunder to (i) comply with any
instruction received by it from the Administrative Agent in writing that (x)
states that an Event of Default has occurred and is continuing and (y) is
otherwise in accordance with the terms of this Agreement, without any other or
further instructions from such Grantor, and each Grantor agrees that each Issuer
shall be fully protected in so complying, and (ii) following an Event of
Default, pay any dividends or other payments with respect to the Investment
Property directly to the Administrative Agent.

          6.4 Proceeds to be Turned Over To Administrative Agent. In addition to
the rights of the Administrative Agent and the Lenders specified in Section 6.1
with respect to payments of Receivables, if an Event of Default shall occur and
be continuing, all Proceeds received by any Grantor consisting of cash, checks
and other near-cash items shall be held by such Grantor in trust for the
Administrative Agent and the Lenders, segregated from other funds of such
Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to
the Administrative Agent in the exact form received by such Grantor (duly
indorsed by such Grantor to the Administrative Agent, if required). All Proceeds
received by the Administrative Agent hereunder shall be held by the
Administrative Agent in a Collateral Account maintained under its sole dominion
and control. All Proceeds while held by the Administrative Agent in a Collateral
Account (or by such Grantor in trust for the Administrative Agent and the
Lenders) shall continue to be held as collateral security for all the
Obligations and shall not constitute payment thereof until applied as provided
in Section 6.5.

          6.5 Application of Proceeds. At such intervals as may be agreed upon
by the Borrower and the Administrative Agent, or, if an Event of Default shall
have occurred and be continuing, at any time at the Administrative Agent's
election, the Administrative Agent may apply all or any part of Proceeds
constituting Collateral, whether or not held in any Collateral Account and any
proceeds of the guarantee set forth in Section 2 in payment of the Obligations
in the following order:

          First, to pay incurred and unpaid fees and expenses of the Agents
     under the Loan Documents;
<PAGE>
                                                                              18

          Second, to the Administrative Agent, for application by it towards
     payment of amounts then due and owing and remaining unpaid in respect of
     the Obligations, pro rata among the Lenders according to the amounts of the
     Obligations then due and owing and remaining unpaid to the Lenders;

          Third, to the Administrative Agent, for application by it towards
     prepayment of the Obligations, pro rata among the Lenders according to the
     amounts of the Obligations then held by the Lenders; and

          Fourth, any balance of such proceeds remaining after the Obligations
     shall have ben paid in full, no Letters of Credit shall be outstanding and
     the Commitments shall have terminated shall be paid over to the Borrower or
     to whomsoever may be lawfully entitled to receive the same.

          6.6 Code and Other Remedies. If an Event of Default shall occur and be
continuing, the Administrative Agent, on behalf of the Lenders, may exercise, in
addition to all other rights and remedies granted to them in this Agreement and
in any other instrument or agreement securing, evidencing or relating to the
Obligations, all rights and remedies of a secured party under the New York UCC
or any other applicable law. Without limiting the generality of the foregoing,
the Administrative Agent, without demand of performance or other demand,
presentment, protest, advertisement or notice of any kind (except any notice
required by law referred to below) to or upon any Grantor or any other Person
(all and each of which demands, defenses, advertisements and notices are hereby
waived), may in such circumstances forthwith collect, receive, appropriate and
realize upon the Collateral, or any part thereof, and/or may forthwith sell,
lease, assign, give option or options to purchase, or otherwise dispose of and
deliver the Collateral or any part thereof (or contract to do any of the
foregoing), in one or more parcels at public or private sale or sales, at any
exchange, broker's board or office of the Administrative Agent or any Lender or
elsewhere upon such terms and conditions as it may deem advisable and at such
prices as it may deem best, for cash or on credit or for future delivery without
assumption of any credit risk. The Administrative Agent or any Lender shall have
the right upon any such public sale or sales, and, to the extent permitted by
law, upon any such private sale or sales, to purchase the whole or any part of
the Collateral so sold, free of any right or equity of redemption in any
Grantor, which right or equity is hereby waived and released. Each Grantor
further agrees, at the Administrative Agent's request, to assemble the
Collateral and make it available to the Administrative Agent at places which the
Administrative Agent shall reasonably select, whether at such Grantor's premises
or elsewhere. The Administrative Agent shall apply the net proceeds of any
action taken by it pursuant to this Section 6.6, after deducting all reasonable
costs and expenses of every kind incurred in connection therewith or incidental
to the care or safekeeping of any of the Collateral or in any way relating to
the Collateral or the rights of the Administrative Agent and the Lenders
hereunder, including, without limitation, reasonable attorneys' fees and
disbursements, to the payment in whole or in part of the Obligations, in such
order as the Administrative Agent may elect, and only after such application and
after the payment by the Administrative Agent of any other amount required by
any provision of law, including, without limitation, Section 9-504(1)(c) of the
New York UCC, need the Administrative Agent account for the surplus, if any, to
any Grantor. To the extent permitted by applicable law, each Grantor waives all
claims, damages and demands it may acquire against the Administrative Agent or
any Lender arising out of the exercise by them of any rights hereunder. If any
notice of a proposed sale or other disposition of Collateral shall be required
by law, such notice shall be deemed reasonable and proper if given at least 10
days before such sale or other disposition.
<PAGE>
                                                                              19

          6.7 Registration Rights. (a) If the Administrative Agent shall
determine to exercise its right to sell any or all of the Pledged Stock pursuant
to Section 6.6, and if in the opinion of the Administrative Agent it is
necessary or advisable to have the Pledged Stock, or that portion thereof to be
sold, registered under the provisions of the Securities Act, the relevant
Grantor will cause the Issuer thereof to (i) execute and deliver, and cause the
directors and officers of such Issuer to execute and deliver, all such
instruments and documents, and do or cause to be done all such other acts as may
be, in the opinion of the Administrative Agent, necessary or advisable to
register the Pledged Stock, or that portion thereof to be sold, under the
provisions of the Securities Act, (ii) use its best efforts to cause the
registration statement relating thereto to become effective and to remain
effective for a period of one year from the date of the first public offering of
the Pledged Stock, or that portion thereof to be sold, and (iii) make all
amendments thereto and/or to the related prospectus which, in the opinion of the
Administrative Agent, are necessary or advisable, all in conformity with the
requirements of the Securities Act and the rules and regulations of the
Securities and Exchange Commission applicable thereto. Each Grantor agrees to
cause such Issuer to comply with the provisions of the securities or "Blue Sky"
laws of any and all jurisdictions which the Administrative Agent shall designate
and to make available to its security holders, as soon as practicable, an
earnings statement (which need not be audited) which will satisfy the provisions
of Section 11(a) of the Securities Act.

          (b) Each Grantor recognizes that the Administrative Agent may be
unable to effect a public sale of any or all the Pledged Stock, by reason of
certain prohibitions contained in the Securities Act and applicable state
securities laws or otherwise, and may be compelled to resort to one or more
private sales thereof to a restricted group of purchasers which will be obliged
to agree, among other things, to acquire such securities for their own account
for investment and not with a view to the distribution or resale thereof. Each
Grantor acknowledges and agrees that any such private sale may result in prices
and other terms less favorable than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private sale shall be
deemed to have been made in a commercially reasonable manner. The Administrative
Agent shall be under no obligation to delay a sale of any of the Pledged Stock
for the period of time necessary to permit the Issuer thereof to register such
securities for public sale under the Securities Act, or under applicable state
securities laws, even if such Issuer would agree to do so.

          (c) Each Grantor agrees to use its best efforts to do or cause to be
done all such other acts as may be necessary to make such sale or sales of all
or any portion of the Pledged Stock pursuant to this Section 6.7 valid and
binding and in compliance with any and all other applicable Requirements of Law.
Each Grantor further agrees that a breach of any of the covenants contained in
this Section 6.7 will cause irreparable injury to the Administrative Agent and
the Lenders, that the Administrative Agent and the Lenders have no adequate
remedy at law in respect of such breach and, as a consequence, that each and
every covenant contained in this Section 6.7 shall be specifically enforceable
against such Grantor, and such Grantor hereby waives and agrees not to assert
any defenses against an action for specific performance of such covenants except
for a defense that no Event of Default has occurred under the Credit Agreement.

          6.8 Waiver; Deficiency. Each Grantor waives and agrees not to assert
any rights or privileges which it may acquire under Section 9-112 of the New
York UCC. Each Grantor shall remain liable for any deficiency if the proceeds of
any sale or other disposition of the Collateral are insufficient to pay its
Obligations and the fees and disbursements of any attorneys employed by the
Administrative Agent or any Lender to collect such deficiency.
<PAGE>
                                                                              20

                       SECTION 7. THE ADMINISTRATIVE AGENT

          7.1 Administrative Agent's Appointment as Attorney-in-Fact, etc. (a)
Each Grantor hereby irrevocably constitutes and appoints the Administrative
Agent and any officer or agent thereof, with full power of substitution, as its
true and lawful attorney-in-fact with full irrevocable power and authority in
the place and stead of such Grantor and in the name of such Grantor or in its
own name, for the purpose of carrying out the terms of this Agreement, to take
any and all appropriate action and to execute any and all documents and
instruments which may be necessary or desirable to accomplish the purposes of
this Agreement, and, without limiting the generality of the foregoing, each
Grantor hereby gives the Administrative Agent the power and right, on behalf of
such Grantor, without notice to or assent by such Grantor, to do any or all of
the following:

          (i) in the name of such Grantor or its own name, or otherwise, take
     possession of and indorse and collect any checks, drafts, notes,
     acceptances or other instruments for the payment of moneys due under any
     Receivable or with respect to any other Collateral and file any claim or
     take any other action or proceeding in any court of law or equity or
     otherwise deemed appropriate by the Administrative Agent for the purpose of
     collecting any and all such moneys due under any Receivable or with respect
     to any other Collateral whenever payable;

          (ii) in the case of any Intellectual Property, execute and deliver,
     and have recorded, any and all agreements, instruments, documents and
     papers as the Administrative Agent may request to evidence the
     Administrative Agent's and the Lenders' security interest in such
     Intellectual Property and the goodwill and general intangibles of such
     Grantor relating thereto or represented thereby;

          (iii) pay or discharge taxes and Liens levied or placed on or
     threatened against the Collateral, effect any repairs or any insurance
     called for by the terms of this Agreement and pay all or any part of the
     premiums therefor and the costs thereof;

          (iv) execute, in connection with any sale provided for in Section 6.6
     or 6.7, any indorsements, assignments or other instruments of conveyance or
     transfer with respect to the Collateral; and

          (v) (1) direct any party liable for any payment under any of the
     Collateral to make payment of any and all moneys due or to become due
     thereunder directly to the Administrative Agent or as the Administrative
     Agent shall direct; (2) ask or demand for, collect, and receive payment of
     and receipt for, any and all moneys, claims and other amounts due or to
     become due at any time in respect of or arising out of any Collateral; (3)
     sign and indorse any invoices, freight or express bills, bills of lading,
     storage or warehouse receipts, drafts against debtors, assignments,
     verifications, notices and other documents in connection with any of the
     Collateral; (4) commence and prosecute any suits, actions or proceedings at
     law or in equity in any court of competent jurisdiction to collect the
     Collateral or any portion thereof and to enforce any other right in respect
     of any Collateral; (5) defend any suit, action or proceeding brought
     against such Grantor with respect to any Collateral; (6) settle, compromise
     or adjust any such suit, action or proceeding and, in connection therewith,
     give such discharges or releases as the Administrative Agent may deem
     appropriate; (7) assign any Copyright, Patent or Trademark (along with the
<PAGE>
                                                                              21

     goodwill of the business to which any such Copyright, Patent or Trademark
     pertains), throughout the world for such term or terms, on such conditions,
     and in such manner, as the Administrative Agent shall in its sole
     discretion determine; and (8) generally, sell, transfer, pledge and make
     any agreement with respect to or otherwise deal with any of the Collateral
     as fully and completely as though the Administrative Agent were the
     absolute owner thereof for all purposes, and do, at the Administrative
     Agent's option and such Grantor's expense, at any time, or from time to
     time, all acts and things which the Administrative Agent deems necessary to
     protect, preserve or realize upon the Collateral and the Administrative
     Agent's and the Lenders' security interests therein and to effect the
     intent of this Agreement, all as fully and effectively as such Grantor
     might do.

          Anything in this Section 7.1(a) to the contrary notwithstanding, the
Administrative Agent agrees that it will not exercise any rights under the power
of attorney provided for in this Section 7.1(a) unless an Event of Default shall
have occurred and be continuing.

          (b) If any Grantor fails to perform or comply with any of its
agreements contained herein, the Administrative Agent, at its option, but
without any obligation so to do, may perform or comply, or otherwise cause
performance or compliance, with such agreement.

          (c) The expenses of the Administrative Agent incurred in connection
with actions undertaken as provided in this Section 7.1, together with interest
thereon at a rate per annum equal to the rate per annum at which interest would
then be payable on past due Base Rate Loans under the Credit Agreement, from the
date of payment by the Administrative Agent to the date reimbursed by the
relevant Grantor, shall be payable by such Grantor to the Administrative Agent
on demand.

          (d) Each Grantor hereby ratifies all that said attorneys shall
lawfully do or cause to be done by virtue hereof. All powers, authorizations and
agencies contained in this Agreement are coupled with an interest and are
irrevocable until this Agreement is terminated and the security interests
created hereby are released.

          7.2 Duty of Administrative Agent. The Administrative Agent's sole duty
with respect to the custody, safekeeping and physical preservation of the
Collateral in its possession, under Section 9-207 of the New York UCC or
otherwise, shall be to deal with it in the same manner as the Administrative
Agent deals with similar property for its own account. Neither the
Administrative Agent, any Lender nor any of their respective officers,
directors, employees or agents shall be liable for failure to demand, collect or
realize upon any of the Collateral or for any delay in doing so or shall be
under any obligation to sell or otherwise dispose of any Collateral upon the
request of any Grantor or any other Person or to take any other action
whatsoever with regard to the Collateral or any part thereof. The powers
conferred on the Administrative Agent and the Lenders hereunder are solely to
protect the Administrative Agent's and the Lenders' interests in the Collateral
and shall not impose any duty upon the Administrative Agent or any Lender to
exercise any such powers. The Administrative Agent and the Lenders shall be
accountable only for amounts that they actually receive as a result of the
exercise of such powers, and neither they nor any of their officers, directors,
employees or agents shall be responsible to any Grantor for any act or failure
to act hereunder, except for their own gross negligence or willful misconduct.

          7.3 Execution of Financing Statements. Pursuant to Section 9-402 of
the New York UCC and any other applicable law, each Grantor authorizes the
Administrative Agent to file or record financing statements and other filing or
recording documents or instruments with respect to the Collateral without the
<PAGE>
                                                                              22

signature of such Grantor in such form and in such offices as the Administrative
Agent determines appropriate to perfect the security interests of the
Administrative Agent under this Agreement. A photographic or other reproduction
of this Agreement shall be sufficient as a financing statement or other filing
or recording document or instrument for filing or recording in any jurisdiction.

          7.4 Authority of Administrative Agent. Each Grantor acknowledges that
the rights and responsibilities of the Administrative Agent under this Agreement
with respect to any action taken by the Administrative Agent or the exercise or
non-exercise by the Administrative Agent of any option, voting right, request,
judgment or other right or remedy provided for herein or resulting or arising
out of this Agreement shall, as between the Administrative Agent and the
Lenders, be governed by the Credit Agreement and by such other agreements with
respect thereto as may exist from time to time among them, but, as between the
Administrative Agent and the Grantors, the Administrative Agent shall be
conclusively presumed to be acting as agent for the Lenders with full and valid
authority so to act or refrain from acting, and no Grantor shall be under any
obligation, or entitlement, to make any inquiry respecting such authority.

                            SECTION 8. MISCELLANEOUS

          8.1 Amendments in Writing. None of the terms or provisions of this
Agreement may be waived, amended, supplemented or otherwise modified, nor may
any Subsidiary Guarantor or any Collateral be released, except in accordance
with subsection 10.1 of the Credit Agreement.

          8.2 Notices. All notices, requests and demands to or upon the
Administrative Agent or any Grantor hereunder shall be effected in the manner
provided for in subsection 10.2 of the Credit Agreement; provided that any such
notice, request or demand to or upon any Guarantor shall be addressed to such
Guarantor at its notice address set forth on Schedule 1.

          8.3 No Waiver by Course of Conduct; Cumulative Remedies. Neither the
Administrative Agent nor any Lender shall by any act (except by a written
instrument pursuant to Section 8.1), delay, indulgence, omission or otherwise be
deemed to have waived any right or remedy hereunder or to have acquiesced in any
Default or Event of Default. No failure to exercise, nor any delay in
exercising, on the part of the Administrative Agent or any Lender, any right,
power or privilege hereunder shall operate as a waiver thereof. No single or
partial exercise of any right, power or privilege hereunder shall preclude any
other or further exercise thereof or the exercise of any other right, power or
privilege. A waiver by the Administrative Agent or any Lender of any right or
remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Administrative Agent or such Lender would otherwise
have on any future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not exclusive of any
other rights or remedies provided by law.

          8.4 Enforcement Expenses; Indemnification. (a) Each Guarantor agrees
to pay or reimburse each Lender and the Administrative Agent for all its costs
and expenses incurred in collecting against such Guarantor under the guarantee
contained in Section 2 or otherwise enforcing or preserving any rights under
this Agreement and the other Loan Documents to which such Guarantor is a party,
including, without limitation, the fees and disbursements of counsel (including
the reasonable allocated fees and expenses of in-house counsel) to each Lender
and of counsel to the Administrative Agent.
<PAGE>
                                                                              23

          (b) Each Guarantor agrees to pay, and to save the Administrative Agent
and the Lenders harmless from, any and all liabilities with respect to, or
resulting from any delay in paying, any and all stamp, excise, sales or other
taxes which may be payable or determined to be payable with respect to any of
the Collateral or in connection with any of the transactions contemplated by
this Agreement.

          (c) Each Guarantor agrees to pay, and to save the Administrative Agent
and the Lenders harmless from, any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement to the extent the
Borrower would be required to do so pursuant to subsection 10.5 of the Credit
Agreement.

          (d) The agreements in this Section 8.4 shall survive repayment of the
Obligations and all other amounts payable under the Credit Agreement and the
other Loan Documents.

          8.5 Successors and Assigns. This Agreement shall be binding upon the
successors and assigns of each Grantor and shall inure to the benefit of the
Administrative Agent and the Lenders and their successors and assigns; provided
that no Grantor may assign, transfer or delegate any of its rights or
obligations under this Agreement without the prior written consent of the
Administrative Agent.

          8.6 Set-Off. Each Grantor hereby irrevocably authorizes the
Administrative Agent and each Lender at any time and from time to time while an
Event of Default shall have occurred and be continuing, without notice to such
Grantor or any other Grantor, any such notice being expressly waived by each
Grantor, to set-off and appropriate and apply any and all deposits (general or
special, time or demand, provisional or final), in any currency, and any other
credits, indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or
owing by the Administrative Agent or such Lender to or for the credit or the
account of such Grantor, or any part thereof in such amounts as the
Administrative Agent or such Lender may elect, against and on account of the
obligations and liabilities of such Grantor to the Administrative Agent or such
Lender hereunder and claims of every nature and description of the
Administrative Agent or such Lender against such Grantor, in any currency,
whether arising hereunder, under the Credit Agreement, any other Loan Document
or otherwise, as the Administrative Agent or such Lender may elect, whether or
not the Administrative Agent or any Lender has made any demand for payment and
although such obligations, liabilities and claims may be contingent or
unmatured. The Administrative Agent and each Lender shall notify such Grantor
promptly of any such set-off and the application made by the Administrative
Agent or such Lender of the proceeds thereof; provided that the failure to give
such notice shall not affect the validity of such set-off and application. The
rights of the Administrative Agent and each Lender under this Section 8.6 are in
addition to other rights and remedies (including, without limitation, other
rights of set-off) which the Administrative Agent or such Lender may have.

          8.7 Counterparts. This Agreement may be executed by one or more of the
parties to this Agreement on any number of separate counterparts (including by
telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

          8.8 Severability. Any provision of this Agreement which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
<PAGE>
                                                                              24

invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

          8.9 Section Headings. The Section headings used in this Agreement are
for convenience of reference only and are not to affect the construction hereof
or be taken into consideration in the interpretation hereof.

          8.10 Integration. This Agreement and the other Loan Documents
represent the agreement of the Grantors, the Administrative Agent and the
Lenders with respect to the subject matter hereof and thereof, and there are no
promises, undertakings, representations or warranties by the Administrative
Agent or any Lender relative to subject matter hereof and thereof not expressly
set forth or referred to herein or in the other Loan Documents.

          8.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          8.12 Submission To Jurisdiction; Waivers. Each Grantor hereby
irrevocably and unconditionally:

          (a) submits for itself and its property in any legal action or
     proceeding relating to this Agreement and the other Loan Documents to which
     it is a party, or for recognition and enforcement of any judgment in
     respect thereof, to the non-exclusive general jurisdiction of the Courts of
     the State of New York, the courts of the United States of America for the
     Southern District of New York, and appellate courts from any thereof;

          (b) consents that any such action or proceeding may be brought in such
     courts and waives any objection that it may now or hereafter have to the
     venue of any such action or proceeding in any such court or that such
     action or proceeding was brought in an inconvenient court and agrees not to
     plead or claim the same;

          (c) agrees that service of process in any such action or proceeding
     may be effected by mailing a copy thereof by registered or certified mail
     (or any substantially similar form of mail), postage prepaid, to such
     Grantor at its address referred to in Section 8.2 or at such other address
     of which the Administrative Agent shall have been notified pursuant
     thereto;

          (d) agrees that nothing herein shall affect the right to effect
     service of process in any other manner permitted by law or shall limit the
     right to sue in any other jurisdiction; and

          (e) waives, to the maximum extent not prohibited by law, any right it
     may have to claim or recover in any legal action or proceeding referred to
     in this Section any special, exemplary, punitive or consequential damages.
<PAGE>
                                                                              25

          8.13 Acknowledgments. Each Grantor hereby acknowledges that:

          (a) it has been advised by counsel in the negotiation, execution and
     delivery of this Agreement and the other Loan Documents to which it is a
     party;

          (b) neither the Administrative Agent nor any Lender has any fiduciary
     relationship with or duty to any Grantor arising out of or in connection
     with this Agreement or any of the other Loan Documents, and the
     relationship between the Grantors, on the one hand, and the Administrative
     Agent and Lenders, on the other hand, in connection herewith or therewith
     is solely that of debtor and creditor; and

          (c) no joint venture is created hereby or by the other Loan Documents
     or otherwise exists by virtue of the transactions contemplated hereby among
     the Lenders or among the Grantors and the Lenders.

          8.14 Additional Grantors. Each Subsidiary of the Borrower that is
required to become a party to this Agreement pursuant to subsection 6.10 of the
Credit Agreement shall become a Grantor for all purposes of this Agreement upon
execution and delivery by such Subsidiary of an Assumption Agreement in the form
of Annex 1 hereto.

          8.15 Releases. (a) At such time as the Loans, the Reimbursement
Obligations and the other Obligations (other than obligations under or in
respect of Lender Hedge Agreements) shall have been paid in full, the
Commitments have been terminated and no Letters of Credit shall be outstanding,
the Collateral shall be released from the Liens created hereby, and this
Agreement and all obligations (other than those expressly stated to survive such
termination) of the Administrative Agent and each Grantor hereunder shall
terminate, all without delivery of any instrument or performance of any act by
any party, and all rights to the Collateral shall revert to the Grantors. At the
request and sole expense of any Grantor following any such termination, the
Administrative Agent shall deliver to such Grantor any Collateral held by the
Administrative Agent hereunder, and execute and deliver to such Grantor such
documents as such Grantor shall reasonably request to evidence such termination.

          (b) If any of the Collateral shall be sold, transferred or otherwise
disposed of by any Grantor in a transaction permitted by the Credit Agreement,
then the Administrative Agent, at the request and sole expense of such Grantor,
shall execute and deliver to such Grantor all releases or other documents
reasonably necessary or desirable for the release of the Liens created hereby on
such Collateral. At the request and sole expense of the Borrower, a Subsidiary
Guarantor shall be released from its obligations hereunder in the event that all
the Capital Stock of such Subsidiary Guarantor shall be sold, transferred or
otherwise disposed of in a transaction permitted by the Credit Agreement;
provided that the Borrower shall have delivered to the Administrative Agent, at
least ten Business Days prior to the date of the proposed release, a written
request for release identifying the relevant Subsidiary Guarantor and the terms
of the sale or other disposition in reasonable detail, including the price
thereof and any expenses in connection therewith, together with a certification
by the Borrower stating that such transaction is in compliance with the Credit
Agreement and the other Loan Documents.

          8.16 WAIVER OF JURY TRIAL. EACH GRANTOR AND, BY ACCEPTANCE OF THE
BENEFITS HEREOF, EACH AGENT AND EACH LENDER HEREBY IRREVOCABLY AND
<PAGE>
                                                                              26

UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

                  [Remainder of Page Intentionally Left Blank]
<PAGE>
                                                                              27

          IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee
and Collateral Agreement to be duly executed and delivered as of the date first
above written.

                                        INAMED CORPORATION
                                        BIODERMIS CORPORATION
                                        BIOENTERICS CORPORATION
                                        BIOPLEXUS CORPORATION
                                        COLLAGEN AESTHETICS, INC.
                                        COLLAGEN AESTHETICS INTERNATIONAL, INC.
                                        CUI CORPORATION
                                        FLOWMATRIX CORPORATION
                                        INAMED DEVELOPMENT COMPANY
                                        INAMED INTERNATIONAL CORP.
                                        INAMED JAPAN, INC.
                                        MCGHAN MEDICAL CORPORATION
                                        MEDISYN TECHNOLOGIES CORPORATION

                                        By:  /s/ Ilan Reich
                                             -----------------------------------
                                             Name:  Ilan Reich
                                             Title:
<PAGE>
                                                                      Schedule 1

                         NOTICE ADDRESSES OF GUARANTORS
<PAGE>
                                                                      Schedule 2

                       DESCRIPTION OF INVESTMENT PROPERTY

PLEDGED STOCK:

     Issuer       Class of Stock   Stock Certificate No.     No. of Shares
----------------  --------------   ---------------------     -------------

PLEDGED NOTES:

     Issuer               Payee             Principal Amount
----------------     ---------------     ----------------------
<PAGE>
                                                                      Schedule 3

                            FILINGS AND OTHER ACTIONS
                     REQUIRED TO PERFECT SECURITY INTERESTS

                         Uniform Commercial Code Filings

          [List each office where a financing statement is to be filed]

                          Patent and Trademark Filings

                               [List all filings]

                      Actions with respect to Pledged Stock

                                  Other Actions

                      [Describe other actions to be taken]
<PAGE>
                                                                      Schedule 4

       LOCATION OF JURISDICTION OF ORGANIZATION AND CHIEF EXECUTIVE OFFICE

          Grantor                       Location
          -------                       --------
<PAGE>
                                                                      Schedule 5

                       LOCATION OF INVENTORY AND EQUIPMENT

          Grantor                       Location
          -------                       --------
<PAGE>
                                                                      Schedule 6

                        COPYRIGHTS AND COPYRIGHT LICENSES

                           PATENTS AND PATENT LICENSES

                        TRADEMARKS AND TRADEMARK LICENSES
<PAGE>
                           ACKNOWLEDGMENT AND CONSENT

          The undersigned hereby acknowledges receipt of a copy of the Guarantee
and Collateral Agreement dated as of February 1, 2000 (the "Agreement"), made by
the Grantors parties thereto for the benefit of First Union National Bank, as
Administrative Agent. The undersigned agrees for the benefit of the
Administrative Agent and the Lenders as follows:

          1. The undersigned will be bound by the terms of the Agreement and
     will comply with such terms insofar as such terms are applicable to the
     undersigned.

          2. The undersigned will notify the Administrative Agent promptly in
     writing of the occurrence of any of the events described in Section 5.8(a)
     of the Agreement.

          3. The terms of Sections 6.3(c) and 6.7 of the Agreement shall apply
     to it, mutatis mutandis, with respect to all actions that may be required
     of it pursuant to Section 6.3(c) or 6.7 of the Agreement.

                                        [NAME OF ISSUER]

                                        By:_____________________________________
                                           Name:
                                           Title:
<PAGE>
                                                                      Annex 1 to
                                              Guarantee and Collateral Agreement

          ASSUMPTION AGREEMENT, dated as of _______________, 200__, made by
______________________________, a ______________ corporation (the "Additional
Grantor"), in favor of First Union National Bank, as administrative agent (in
such capacity, the "Administrative Agent") for the banks and other financial
institutions (the "Lenders") parties to the Credit Agreement referred to below.
All capitalized terms not defined herein shall have the meaning ascribed to them
in such Credit Agreement.

                              W I T N E S S E T H :
                              - - - - - - - - - -

          WHEREAS, Inamed Corporation (the "Borrower"), the Lenders and the
Administrative Agent have entered into a Credit Agreement, dated as of February
1, 2000 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement");

          WHEREAS, in connection with the Credit Agreement, the Borrower and
certain of its Affiliates (other than the Additional Grantor) have entered into
the Guarantee and Collateral Agreement, dated as of January __, 2000 (as
amended, supplemented or otherwise modified from time to time, the "Guarantee
and Collateral Agreement") in favor of the Administrative Agent for the benefit
of the Lenders;

          WHEREAS, the Credit Agreement requires the Additional Grantor to
become a party to the Guarantee and Collateral Agreement; and

          WHEREAS, the Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee and Collateral
Agreement;

          NOW, THEREFORE, IT IS AGREED:

          1. Guarantee and Collateral Agreement. By executing and delivering
this Assumption Agreement, the Additional Grantor, as provided in Section 8.15
of the Guarantee and Collateral Agreement, hereby becomes a party to the
Guarantee and Collateral Agreement as a Grantor thereunder with the same force
and effect as if originally named therein as a Grantor and, without limiting the
generality of the foregoing, hereby expressly assumes all obligations and
liabilities of a Grantor thereunder. The information set forth in Annex 1-A
hereto is hereby added to the information set forth in the Schedules to the
Guarantee and Collateral Agreement. The Additional Grantor hereby represents and
warrants that each of the representations and warranties contained in Section 4
of the Guarantee and Collateral Agreement is true and correct on and as the date
hereof (after giving effect to this Assumption Agreement) as if made on and as
of such date.

          2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          IN WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first above written.

                                        [ADDITIONAL GRANTOR]

                                        By:_____________________________________
                                           Name:
                                           Title:
<PAGE>
                                                                    Annex 1-A to
                                                            Assumption Agreement

                            Supplement to Schedule 1

                            Supplement to Schedule 2

                            Supplement to Schedule 3

                            Supplement to Schedule 4

                            Supplement to Schedule 5

                            Supplement to Schedule 6

                            Supplement to Schedule 7CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THE SCHEDULES TO
              THIS AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL
               TREATMENT AND HAVE BEEN FILED SEPARATELY WITH THE
                      SECURITIES AND EXCHANGE COMMISSION.
                          ASTERISKS DENOTE OMISSIONS.

                           NETWORK SERVICES AGREEMENT

     This  NETWORK  SERVICES  AGREEMENT  (the  "Agreement")  is  effective as of
12:01  A.M.  February  _____,  2000  (the  "Effective  Date"),   between  SAVVIS
Communications  Corporation,  a  Missouri  corporation  ("SAVVIS"),  and  Bridge
Information Systems, Inc., a Missouri corporation ("Bridge").

                                    RECITALS

     A. Bridge is engaged in the business of collecting and distributing various
financial, news and other data.

     B.  SAVVIS is  engaged  in the  business  of  providing  Internet  Protocol
backbone and other data transport services.

     C. SAVVIS and certain of its  subsidiaries  have  acquired  from Bridge and
certain of its subsidiaries certain assets relating to the provision of Internet
Protocol  backbone  and other  data  transport  services,  and may in the future
acquire additional such assets from Bridge and certain of its subsidiaries,  all
pursuant to a Master  Establishment  and Transition  Agreement  between  SAVVIS'
corporate parent, SAVVIS Communications Corporation, a Delaware corporation, and
Bridge,  of  even  date  herewith  (the  "MASTER  ESTABLISHMENT  AND  TRANSITION
AGREEMENT").

     D. It is an obligation of the parties  under the Master  Establishment  and
Transition Agreement to cause this Network Services Agreement to be entered into
between  SAVVIS and Bridge,  pursuant to which  SAVVIS  shall  provide  Internet
Protocol backbone and other data transport services to Bridge.

     E. Together  with this  Agreement,  the parties  hereto are entering into a
Technical  Services  Agreement of even date  herewith (the  "TECHNICAL  SERVICES
AGREEMENT") and an Administrative  Services Agreement of even date herewith (the
"ADMINISTRATIVE  SERVICES  AGREEMENT"),  providing  for the provision of certain
services to SAVVIS by Bridge.  Certain  SAVVIS  Subsidiaries  and certain Bridge
Subsidiaries are entering into, and may in the future enter into, Local Transfer
Agreements, Local Network Services Agreements substantially in the

<PAGE>

form of Exhibit A hereto (the "LOCAL NETWORK  SERVICES  AGREEMENTS"),  Equipment
Collocation   Permits  (the   "EQUIPMENT   COLLOCATION   PERMITS"),   and  Local
Administrative Services Agreements.

     NOW, THEREFORE,  in consideration of the premises, and the mutual covenants
contained herein and of other good and valuable  consideration,  the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

1.   CONTRACT DOCUMENTS AND DEFINITIONS

      1.1.  This Agreement shall consist of this Network  Services  Agreement by
            and  between  SAVVIS  and  Bridge,  including  all  addenda  to this
            Agreement  entered  into in the  manner  set forth  herein  (each an
            "ADDENDUM" and collectively the "ADDENDA").  This Agreement shall be
            interpreted   wherever  possible  to  avoid  conflicts  between  the
            Sections  hereof and the Addenda,  provided  that if such a conflict
            shall arise, the Addenda shall control.

      1.2.  Whenever  it is  provided  in  this  Agreement  for a  matter  to be
            mutually  agreed upon by the parties and set forth in an Addendum to
            this Agreement, either party may initiate the process of determining
            such  matter by  submitting  a proposed  outline or contents of such
            Addendum  to the other  party.  Each party  shall  appoint a primary
            contact and a secondary contact for the completion of such Addendum,
            who shall be the  contact  points for every  issue  concerning  such
            Addendum  and who shall be informed of the  progress of the project.
            The  names of the  contacts  will be  exchanged  in  writing  by the
            parties. Using the contacts, the parties shall work together in good
            faith with such diligence as shall be commercially  reasonable under
            the circumstances to complete such Addendum, provided, however, that
            neither  party shall be  obligated  to enter into such an  Addendum.
            Upon the  completion  of such  Addendum,  it shall be set forth in a
            written document and executed by the parties and shall become a part
            of this Agreement and shall be deemed to be  incorporated  herein by
            reference.

      1.3.  Whenever used in this Agreement,  the words and phrases listed below
            shall have the  meanings  given below,  and all defined  terms shall
            include the plural as well as the singular. Unless otherwise stated,
            the words  "herein"0,  "hereunder"  and other similar words refer to
            this  Agreement as a whole and not to a particular  Section or other
            subdivision.  The  words  "included"  and  "including"  shall not be
            construed  as  terms  of  limitation.   Additional  definitions  are
            provided in Schedule 3.1 of this  Agreement.  Capitalized  terms not
            otherwise  defined have the  meanings  assigned to such terms in the
            Master Establishment and Transition Agreement.

            "ADDITIONAL  NETWORK  FACILITIES"  means any assets and contracts of
            SAVVIS for the  provision  of Internet  Protocol  backbone and other
            data transport services other than the Acquired Network Facilities.

                                        2
<PAGE>

               "AFFILIATE"  has the  meaning  set  forth  in Rule  12b-2  of the
               regulations  promulgated  under the  Securities  Exchange  Act of
               1934, as amended.

               "AGREEMENT  YEAR"  means a period of 12 months  beginning  on the
               Effective Date and each subsequent anniversary thereof.

               "AMERICAS"  means  North  America,   Central  America  and  South
               America,  including  the  Caribbean,  but  excluding  the  United
               States.

               "ASIA"  means  Australia,  China,  Hong Kong,  India,  Indonesia,
               Japan,  Korea,  Macau,   Malaysia,   New  Zealand,   Philippines,
               Singapore, Taiwan, and Thailand.

               "BRIDGE"  means  Bridge  Information  Systems,  Inc.,  a Missouri
               corporation, and its successors and assigns.

               "BRIDGE  SUBSIDIARIES"  has  the  meaning  assigned  to the  term
               "Seller  Subsidiaries" in the Master Establishment and Transition
               Agreement.

               "CONFIDENTIAL  INFORMATION" means all information  concerning the
               business of Bridge, SAVVIS or any third party doing business with
               either of them that may be obtained from any source (i) by SAVVIS
               by virtue of its  performance  under  this  Agreement  or (ii) by
               Bridge  by virtue of its use of the  Networks.  Such  information
               shall also include the terms of this Agreement (and  negotiations
               and  proposals  from one  party  to the  other  related  directly
               thereto),  network designs and design recommendations,  tools and
               programs, pricing, methods, processes,  financial data, software,
               research,  development,  strategic plans or related  information.
               All such  information  disclosed  prior to the  execution of this
               Agreement shall also be considered  Confidential  Information for
               purposes of this Agreement.  Confidential  Information  shall not
               include information that:

                    (a)  is already  rightfully  known to the receiving party at
                         the time it is obtained  by such  party,  free from any
                         obligation to keep such information confidential; or

                    (b)  is or becomes publicly known through no wrongful act of
                         the receiving party; or

                    (c)  is rightfully  received by the  receiving  party from a
                         third party without  restriction  and without breach of
                         this Agreement.

               "DISTRIBUTOR COUNTRY" means any country in which the products and
               services of Bridge and Bridge  Subsidiaries  are provided through
               third-party distributors.

               "EFFECTIVE DATE" means the date set forth in the Preamble of this
               Agreement.

                                       3
<PAGE>

               "EUROPE"  means  Austria,   Belgium,  Denmark,  Finland,  France,
               Germany,    Greece,   Hungary,    Ireland,   Italy,   Luxembourg,
               Netherlands,  Norway, Poland, Spain, Sweden, Switzerland,  Turkey
               and the United Kingdom.

               "EVENT OF DEFAULT BY SAVVIS"  has the  meaning  assigned  to such
               term in Section 7.1 of this Agreement.

               "INITIAL TERM" means a period of ten consecutive  Agreement Years
               beginning on the Effective Date.

               "INSTALLATION  SITE"  means  any  facility  of Bridge or a Bridge
               Subsidiary  or of  vendors  or  customers  of  Bridge or a Bridge
               Subsidiary at which one or more of the Networks is installed.

               "MARKET HOURS" means, with respect to any Installation  Site, the
               period  of time  beginning  two  hours  before  the time at which
               trading opens on the principal  securities  exchange or automated
               quotation  system  designated  by Bridge in writing  from time to
               time as being used by the purchasers and sellers of securities at
               such  Installation  Site,  and ending two hours after the time at
               which such trading ceases to be conducted.

               "MINIMUM ANNUAL COMMITMENT" has the meaning assigned to such term
               in Schedule 3.1 of this Agreement.

               "NETWORK" and "NETWORKS" have the meaning  assigned to such terms
               in Section 2.1 of this Agreement.

               "REPLACED  ROUTERS"  has the  meaning  assigned  to such  term in
               Section 2.7 of this Agreement.

               "QUALITY  OF  SERVICE  STANDARDS"  means  the  standards  for the
               performance  of the Networks  contained in Schedule 2.2 hereto or
               an Addendum to this Agreement.

               "SAVVIS"  means  SAVVIS  Communications  Corporation,  a Missouri
               corporation, and its successors and assigns.

               "SAVVIS  BACKBONE"  has the  meaning  set forth in  Schedule  3.1
               hereto.

               "SAVVIS  PARENT"  means  SAVVIS  Communications   Corporation,  a
               Delaware corporation.

               "SAVVIS SUBSIDIARIES" has the meaning assigned to the term "Buyer
               Subsidiaries"   in  the  Master   Establishment   and  Transition
               Agreement.

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

                                       4
<PAGE>

               "TELERATE" means Telerate Holdings, Inc., a Delaware corporation.

               "TELERATE  LOCAL  NETWORK  SERVICES  AGREEMENTS"  means the local
               network services  agreements between certain SAVVIS  Subsidiaries
               and certain Telerate  Subsidiaries,  substantially in the form of
               Exhibit A to the Telerate Network Services Agreement.

               "TELERATE NETWORK SERVICES  AGREEMENT" means the network services
               agreement   pursuant  to  which  SAVVIS  shall  provide  Internet
               Protocol backbone and other data transport  services to Telerate,
               substantially in the form of Exhibit B hereto.

               "TELERATE   SUBSIDIARIES"   means   the   direct   and   indirect
               subsidiaries  of Telerate which will be involved in the operation
               or ownership of the Acquired Network Facilities.

               "TRANSITION  PERIOD"  has the  meaning  assigned  to such term in
               Section 6.3 of this Agreement.

2.   THE NETWORKS AND QUALITY OF SERVICE STANDARDS

     2.1. SAVVIS agrees to use the Acquired Network Facilities to provide (or to
          cause the SAVVIS  Subsidiaries  to  provide)  to Bridge and the Bridge
          Subsidiaries the following  managed  packet-data  transport  networks,
          including the operation, management and maintenance thereof:

          (a)  a  global  office-automation   network,   providing  connectivity
               between the offices of Bridge (the "OA NETWORK"),

          (b)  a global data collection network (the "COLLECTION NETWORK") and

          (c)  a global data distribution network (the "DISTRIBUTION NETWORK"),

          which  shall be  referred  to in this  Agreement  collectively  as the
          "NETWORKS" and individually as a "NETWORK."

     2.2. Each Network  shall be  operated,  managed and  maintained  by SAVVIS.
          SAVVIS may, but shall not be obligated  to, use  facilities  of SAVVIS
          other than the Acquired Network  Facilities to provide all or any part
          of any Network.  Beginning on the first  anniversary  of the Effective
          Date and  thereafter,  each  Network  shall be  operated,  managed and
          maintained by SAVVIS according to the Quality of Service Standards set
          forth in Schedule  2.2 hereof,  and SAVVIS  shall be  responsible  for
          monitoring the performance of the Networks with respect to the Quality
          of Service  Standards and shall provide Bridge with monthly reports of
          such performance. If the Quality of Service Standards are not met with
          respect to a particular  Installation Site in any month,  Bridge shall
          be entitled to receive,  upon written request by Bridge within 30 days
          of its receipt of the performance report

                                       5
<PAGE>

          for such  Installation Site for such month, a credit in the amount set
          forth on Schedule 2.2 attached hereto, which amount shall be deemed to
          be one month's charges applicable to such Installation Site under this
          Agreement with respect to such month;  provided,  however, that Bridge
          shall not be entitled to such credit to the extent that the failure to
          meet  the  Quality  of  Service   Standards   with   respect  to  such
          Installation  Site is due to (i) an act or  omission  of  Bridge  or a
          Bridge  Subsidiary  or a vendor  or  customer  of  Bridge  or a Bridge
          Subsidiary  or (ii)  equipment  or  software  used by  Bridge  and not
          provided by SAVVIS.  Not more than one credit of one  month's  charges
          shall be given for a  particular  Installation  Site for a  particular
          month.  The  Quality  of  Service  Standards  shall  not  apply to the
          provision  of Local  Access  Facilities  in  countries  in  which  the
          products and services of Bridge and Bridge  Subsidiaries  are provided
          through third-party distributors.  For all purposes of this Agreement,
          including without  limitation the determination of an Event of Default
          by SAVVIS, the Quality of Service Standards applicable to a particular
          Installation Site in any month shall be deemed to have been met unless
          Bridge,  within 30 days of its receipt of the  performance  report for
          such Installation Site for such month, requests in writing a credit as
          set forth above with respect to such Installation Site for such month.

     2.3. SAVVIS  agrees  that,  for the  term of this  Agreement,  the  network
          operations  centers for the Networks  shall be managed by Bridge under
          the Technical Services Agreement; provided, however, that SAVVIS shall
          not be restricted  from  building,  managing and operating one or more
          network operations centers for such portions of the SAVVIS Backbone or
          other  operations  of SAVVIS that are not used to provide the Networks
          to Bridge.

     2.4. [Intentionally omitted.]

     2.5. Unless  otherwise  mutually  agreed  by  the  parties,  each  Addendum
          providing  for the provision of Additional  Network  Facilities  shall
          have a term of three years. Such Addendum may also include  provisions
          with respect to the level of redundancy to be provided and the Quality
          of Service Standards to apply to such Additional  Network  Facilities.
          In providing  Additional Network Facilities,  SAVVIS agrees to use its
          best  efforts to expedite  the  provisioning  of the circuits for such
          Additional  Network  Facilities in those  instances in which SAVVIS is
          responsible for provisioning such circuits.

     2.6. Throughout  the  term  of  this   Agreement,   SAVVIS  shall  use  its
          commercially  reasonable best efforts to continue to meet the requests
          of Bridge to enhance  the total  capacity,  geographic  extension  and
          performance quality of the Networks,  and to maintain its research and
          development  effort at a level  appropriate  to sustain the ability of
          Bridge to compete on the basis of the quality of the Networks.

     2.7. The  parties  acknowledge  that  SAVVIS  intends  to  replace  certain
          existing routers among the Acquired Network  Facilities (the "REPLACED
          ROUTERS") with new equipment  promptly after the Effective Date. It is
          the intention of the parties that

                                       6
<PAGE>

          the Replaced  Routers will be  re-deployed  at  Installation  Sites at
          which one or more 56 Kbps ports or 64 Kbps ports will be  provided  by
          SAVVIS using Additional Network Facilities as set forth in Section 3.1
          hereof. SAVVIS agrees to manage the use of its inventory of routers in
          order to  re-deploy  the  maximum  number of  Replaced  Routers  as is
          commercially reasonable. So long as Replaced Routers are available for
          re-deployment  during  the 18 months  following  the  Effective  Date,
          SAVVIS  agrees not to make any bulk  purchases of  additional  routers
          without  the  prior  written  consent  of  Bridge,  which  will not be
          unreasonably withheld.  Upon the expiration of 18 months following the
          Effective  Date,  the parties  shall  determine the number of Replaced
          Routers  that  the  parties   mutually  agree  are  likely  to  be  so
          re-deployed within the succeeding 12 months. All Replaced Routers that
          are not reasonably  likely to be so  re-deployed  within such 12-month
          period  shall be  purchased  from  SAVVIS  by  Bridge  at a price  per
          Replaced  Router  equal  to  the  average  net  book  value  as of the
          Effective  Date  of  all  routers  included  in the  Acquired  Network
          Facilities.

3.   RATES AND CHARGES

     3.1. Bridge  shall pay SAVVIS for the Networks  using the Acquired  Network
          Facilities and Additional  Network  Facilities  according to the rates
          and charges set forth in Schedule 3.1 hereof.

     3.2. The  parties  recognize  that  certain  savings  might be  obtained by
          consolidating  the multiple Local Access  Facilities that are provided
          at such building  locations on the  Effective  Date. In the event that
          SAVVIS  consolidates  the multiple  Local Access  Facilities at one or
          more of such  building  locations and obtains cost savings as a result
          thereof, the parties will mutually agree within 30 days following such
          consolidation  on the  manner in which  such  savings  shall be shared
          between  SAVVIS and Bridge.  Any  reduction  pursuant to this  Section
          shall not affect the Minimum Annual Commitment.

     3.3. For any Installation  Site to which SAVVIS is providing  services both
          under this Agreement and the Telerate Network Services Agreement,  the
          rates and  charges  applicable  to such  Installation  Site under this
          Agreement  shall be  one-half  of the rates  and  charges  that  would
          otherwise  be  applicable  to  such   Installation   Site  under  this
          Agreement.

4.   STRATEGIC ADVISORY COMMITTEE

     4.1. Within 30 days after the Effective Date,  SAVVIS and Bridge shall each
          appoint three senior executives to the "STRATEGIC ADVISORY COMMITTEE,"
          and one outside consultant shall be jointly appointed by both parties.
          Any  fees  and  expenses  of  such  outside  consultant   incurred  in
          connection with service on the Strategic  Advisory  Committee shall be
          shared  equally by SAVVIS and Bridge.  Each party shall have the right
          to change any or all of its  representatives on the Strategic Advisory
          Committee  upon  written  notice to the other  party.  A quorum of the

                                       7
<PAGE>

          Strategic Advisory  Committee shall consist of four members,  provided
          that at least two members  appointed  by each party are  present.  The
          Chair of the  Strategic  Advisory  Committee  shall be  designated  by
          Bridge from among the seven members of the Committee.

     4.2. The mission of the Strategic Advisory Committee shall be to review the
          performance of the Networks,  to serve as forum for the  consideration
          and  discussion  of  issues  raised by  either  SAVVIS or Bridge  with
          respect to the Networks,  and to discuss  issues related to the future
          development  of the data  transport  and  Internet  Protocol  backbone
          operations of SAVVIS in the context of the  relationship of SAVVIS and
          Bridge.

     4.3. The Strategic Advisory Committee shall meet with reasonable frequency,
          at the call of the Chair.

     4.4. The Strategic  Advisory  Committee shall have reasonable access to the
          Chief Executive  Officer and the Board of Directors of SAVVIS to raise
          areas of concern to the Committee under this Agreement.

     4.5. SAVVIS  agrees to use its  commercially  reasonable  best  efforts  to
          comply with the  recommendations  of the Strategic  Advisory Committee
          regarding performance issues arising under this Agreement.

5.   INVOICES

     5.1. The amounts due to SAVVIS from Bridge for the installation, operation,
          management and  maintenance of the Networks shall be billed monthly in
          advance.  All items on invoices not the subject of a bona fide dispute
          shall be payable by Bridge in United  States  currency  within 30 days
          from the date of receipt of the  invoice.  All  amounts not in dispute
          are  subject to  interest  charges of 1-1/2  percent  that will accrue
          daily on all amounts not paid within 30 days of the date of receipt of
          the invoice.

     5.2. At any time and from time to time,  Bridge may,  by written  notice to
          SAVVIS, have one or more Installation Sites removed from the Networks.
          Each monthly  invoice from SAVVIS to Bridge shall  reflect a reduction
          in the amount  charged to Bridge for the Networks  resulting  from any
          such removal of Installation  Sites.  In the case of any  Installation
          Site removed  from the Acquired  Network  Facilities,  such  reduction
          shall be the sum of:

          (a)  the actual cost of the Local  Access  Facilities  connecting  the
               Acquired Network Facilities to such Installation Site,  effective
               as of such  time as  SAVVIS  is no  longer  required  to pay such
               costs, and

          (b)  the amounts set forth on Schedule 5.2 attached hereto,  which are
               deemed to be one month's charges  applicable to such Installation
               Site under this

                                       8
<PAGE>

               Agreement  with respect to such month during the first  Agreement
               Year,  according to connection speed at such  Installation  Site,
               effective  as  of  such  time  as  such   Installation   Site  is
               disconnected from the Networks.

     5.3. Bridge  shall pay any  sales,  use,  federal  excise,  utility,  gross
          receipts,  state and local surcharges,  value added and similar taxes,
          charges  or  levies  lawfully  levied  by a  duly  constituted  taxing
          authority  against or upon the Networks.  In the  alternative,  Bridge
          shall provide SAVVIS with a certificate  evidencing Bridge's exemption
          from payment of or liability for such taxes. All other taxes,  charges
          or levies, including any ad valorem, income,  franchise,  privilege or
          occupation taxes of SAVVIS shall be paid by SAVVIS.

     5.4. Bona  fide  disputes  concerning  invoices  shall be  referred  to the
          parties' respective representatives who are authorized to resolve such
          matters.  Any amount to which  Bridge is  entitled  as a result of the
          resolution of a billing dispute shall be credited promptly to Bridge's
          account.  Any amount to which  SAVVIS is  entitled  as a result of the
          resolution of a billing dispute shall be paid promptly to SAVVIS.

     5.5. Against the  amounts  owed by Bridge to SAVVIS  under this  Agreement,
          Bridge  shall have the right to offset any  amounts  owed by SAVVIS to
          Bridge under this  Agreement,  the Technical  Services  Agreement,  or
          otherwise,  including without limitation any amounts paid by Bridge on
          behalf of SAVVIS under guarantees by Bridge of obligations of SAVVIS.

6.   TERM AND EXTENSIONS

     6.1. This Agreement shall commence on the Effective Date and shall continue
          in full force and effect for the  Initial  Term unless  terminated  or
          extended in accordance with the provisions hereof.

     6.2. The  term  of  this  Agreement  may be  extended  by  Bridge  for  one
          additional  five-year  period by giving SAVVIS written notice not less
          than one year before the scheduled expiration of the Initial Term.

     6.3. Upon  the  termination  of  this  Agreement  in  accordance  with  its
          scheduled  expiration or by Bridge  pursuant to Section 7, SAVVIS will
          continue to provide  the  Networks  in  accordance  with the terms and
          conditions  herein  (excluding  the Minimum Annual  Commitment)  for a
          period of up to five years  after the  effective  date of  termination
          (the "TRANSITION PERIOD").  During the Transition Period, Bridge shall
          pay  SAVVIS  for the use of the  Networks  at the rates in effect  for
          third party  customers of SAVVIS at the effective date of termination.
          If Bridge has not completely transitioned from its use of the Networks
          after the  Transition  Period,  SAVVIS will  provide  the  Networks at
          SAVVIS'  then  current  list  rates.  SAVVIS  and its  successor  will
          cooperate with Bridge until Bridge has completely  migrated to another
          provider.

                                       9
<PAGE>

7.   TERMINATION BY BRIDGE

     7.1. An "EVENT OF DEFAULT BY SAVVIS" shall be deemed to occur if:

          (a)  SAVVIS has failed to a material  degree to perform or comply with
               or has violated to a material degree any material representation,
               warranty,  term,  condition  or  obligation  of SAVVIS under this
               Agreement,  and  SAVVIS  has  failed  to  cure  such  failure  or
               violation  within 60 days after  receiving  notice  thereof  from
               Bridge; or

          (b)  SAVVIS   becomes  the  subject  of  a  voluntary  or  involuntary
               bankruptcy, insolvency, reorganization or liquidation proceeding,
               makes an assignment  for the benefit of  creditors,  or admits in
               writing its inability to pay debts when due; or

          (c)  an Event of Default by SAVVIS  occurs under the Telerate  Network
               Services Agreement.

     7.2. Bridge  shall  have the right to  terminate  this  Agreement,  with no
          liability  to SAVVIS  other  than for  charges  (less  any  applicable
          credits) for the Networks provided prior to such termination, if:

          (a)  Bridge provides  written notice to SAVVIS,  at any time after the
               ninth  anniversary of the Effective  Date, of Bridge's  intent to
               terminate,  such  termination  to be effective  not less than one
               year following the date of such notice; or

          (b)  Bridge provides 10 days written notice of its intent to terminate
               in the event that an Event of Default by SAVVIS occurs.

     7.3. For purposes of Section  7.1(a),  if the Quality of Service  Standards
          are not met with  respect  to a  particular  Installation  Site in any
          month,  SAVVIS  shall be deemed to have cured such  failure  within 60
          days if the Quality of Service  Standards are met with respect to such
          Installation  Site in the following month. A failure of the Quality of
          Service  Standards to be met shall not  constitute an Event of Default
          or give Bridge the right to  terminate  this  Agreement  to the extent
          that  such  failure  is due to (i) an act or  omission  of Bridge or a
          Bridge  Subsidiary  or a vendor  or  customer  of  Bridge  or a Bridge
          Subsidiary  or  (ii) equipment  or  software  used by  Bridge  and not
          provided by SAVVIS. The parties acknowledge and agree that the failure
          of the Quality of Service  Standards  to be met with respect to one or
          more  Installation  Sites  in one or more  months  may,  but  does not
          necessarily,  constitute  a failure by SAVVIS to a material  degree to
          perform or comply with,  or a violation  to a material  degree of, any
          material  representation,  warranty,  term, condition or obligation of
          SAVVIS under this Agreement.

                                       10
<PAGE>

     7.4. As  provided  in Section  2.2,  for all  purposes  of this  Agreement,
          including without  limitation the determination of an Event of Default
          by SAVVIS  under  this  Section,  the  Quality  of  Service  Standards
          applicable  to a  particular  Installation  Site in any month shall be
          deemed to have been met unless  Bridge,  within 30 days of its receipt
          of the performance  report for such  Installation Site for such month,
          requests in writing a credit as set forth in Section 2.2 with  respect
          to such Installation Site for such month.

8.   TERMINATION BY SAVVIS

     8.1. SAVVIS shall have the right to terminate this Agreement if:

          (a)  Bridge has failed to pay any invoice that is not the subject of a
               bona  fide  dispute  within  60 days of the  date on  which  such
               payment is due and SAVVIS has provided Bridge with written notice
               thereof,  provided  that Bridge shall have a further 30 days from
               the time it receives  such notice  from SAVVIS of  nonpayment  to
               cure any such default;

          (b)  SAVVIS provides 10 days written notice of its intent to terminate
               in the event that  Bridge has failed to perform or comply with or
               has  violated  any  material   representation,   warranty,  term,
               condition  or  obligation  of Bridge  under this  Agreement,  and
               Bridge has failed to cure such  failure  or  violation  within 60
               days after receiving notice thereof from SAVVIS;

          (c)  Bridge   becomes  the  subject  of  a  voluntary  or  involuntary
               bankruptcy, insolvency, reorganization or liquidation proceeding,
               makes an assignment  for the benefit of  creditors,  or admits in
               writing its inability to pay debts when due; or

          (d)  SAVVIS  becomes   entitled  to  terminate  the  Telerate  Network
               Services Agreement pursuant to the terms thereof.

     8.2. Notwithstanding  the provisions of Section 8.1(b) above,  SAVVIS shall
          not have the right to terminate  this  Agreement  under Section 8.1(b)
          solely for a failure by Bridge to perform or comply  with, a violation
          by  Bridge   of,  the   obligations   of  Bridge   under   Section  15
          (Confidentiality)  of this Agreement,  without prejudice,  however, to
          such rights as SAVVIS may have  pursuant  to such  Section and to such
          rights and  remedies  to which  SAVVIS may be  entitled,  at law or in
          equity,  as the result of an actual or threatened  breach by Bridge of
          such Section.

9.   ACCEPTANCE OF ADDITIONAL NETWORK FACILITIES

     9.1. Upon  the  installation  of  Additional   Network  Facilities  at  any
          Installation Site, SAVVIS shall conduct appropriate tests to establish
          that such  Additional  Network  Facilities  perform in accordance with
          mutually agreed upon acceptance criteria  ("ACCEPTANCE  CRITERIA") set
          forth in the applicable Addendum entered into

                                       11
<PAGE>

            pursuant to Section 2.4, and shall  promptly  inform  Bridge of such
            test  results.  If test  results  show that the  Additional  Network
            Facilities  are   performing  in  accordance   with  the  Acceptance
            Criteria,  Bridge shall be deemed to accept the  Additional  Network
            Facilities at the Installation Site immediately.

      9.2.  If SAVVIS' tests establish that newly installed  Additional  Network
            Facilities  at the  Installation  Site do not perform in  accordance
            with the mutually agreed upon Acceptance Criteria, then SAVVIS shall
            immediately  and  diligently  exert  its best  efforts  to bring the
            Additional   Network  Facilities  at  such  Installation  Site  into
            compliance.  SAVVIS shall not bill Bridge for the Additional Network
            Facilities  at such  Installation  Site until the test  results show
            that the Additional  Network Facilities are performing in accordance
            with the Acceptance Criteria.

      9.3.  Upon repair or restoration of any part of the Networks, SAVVIS shall
            conduct  appropriate tests to establish that the Networks perform in
            accordance with mutually  agreed upon Acceptance  Criteria and shall
            promptly inform Bridge of such test results.

10.   RIGHTS AND OBLIGATIONS OF BRIDGE

      10.1. SITE  PREPARATION.   For  the  installation  of  Additional  Network
            Facilities,  Bridge shall, at its own expense, provide all necessary
            preparations  of each  Installation  Site  in  accordance  with  the
            requirements to be mutually agreed upon by the parties and set forth
            in  an  Addendum  hereto,   including  inside  wiring,   demarcation
            extension  and rack mount  accessories.  Bridge  shall  ensure  that
            Bridge-provided  equipment is on-site by the scheduled  installation
            date.  If SAVVIS is  required  to  reschedule  the  installation  of
            Bridge-provided equipment because it is not on-site by the scheduled
            installation   date,   Bridge   shall  pay   SAVVIS  to   redispatch
            installation personnel.

     10.2.  PROPER USE OF NETWORKS.

            10.2.1.     Bridge  shall use any  equipment  provided  by SAVVIS in
                        connection  with the  Networks  in  accordance  with its
                        documentation,  which documentation shall be provided by
                        SAVVIS  at  no  additional   charge.   Unless  otherwise
                        provided herein,  upon the termination of this Agreement
                        Bridge shall surrender to SAVVIS the equipment  provided
                        by SAVVIS, in good working order, ordinary wear and tear
                        excepted.

            10.2.2.     Bridge  shall be  liable  for  damages  to the  Networks
                        caused by the negligence or willful acts or omissions of
                        Bridge's  officers,  employees,  agents,  contractors or
                        customers,  for loss  through  theft or vandalism of the
                        Networks at the  Installation  Site,  and for damages to
                        the Networks  caused by the use of equipment or supplies
                        not provided  hereunder or not  otherwise  authorized by
                        SAVVIS.

                                       12
<PAGE>

            10.2.3.     Bridge shall neither permit nor assist others to use the
                        Networks for any purpose  other than that for which they
                        are   intended,   nor  fail  to   maintain   a  suitable
                        environment   specified  by  SAVVIS  in  the  applicable
                        schedule,  nor alter,  tamper with, adjust or repair the
                        Networks. Any such alteration,  tampering, adjustment or
                        repair by Bridge shall relieve SAVVIS from any liability
                        or  obligation  hereunder  (including  any  warranty  or
                        indemnity  obligation) relating to the affected Network,
                        and Bridge shall be liable to SAVVIS for any  documented
                        direct  costs  incurred  by  SAVVIS  as a result of such
                        actions.

      10.3. ABUSE OR  FRAUDULENT  USE OF  NETWORKS.  Bridge  shall  not abuse or
            fraudulently   use  the   Networks  or  use  the  Networks  for  any
            unauthorized  or  illegal  purposes,  and shall  neither  permit nor
            assist others to do so, including but not limited to:

            (a)   obtaining or  attempting to obtain  service by any  fraudulent
                  means or device to avoid payment; or

            (b)   accessing,  altering or destroying any  information of another
                  party by any fraudulent  means or device,  or attempting to do
                  so; or

            (c)   using  the  Networks  so as to  interfere  with the use of the
                  SAVVIS network by other SAVVIS  customers or authorized  users
                  or in violation of law or in support of any unlawful act;

            (d)   using the  Networks  for voice  communications  over a private
                  network in jurisdictions where such use is not allowed; or

            (e)   using the  Networks in a manner  contrary  to or  inconsistent
                  with such  acceptable  use  policies  as SAVVIS  may adopt and
                  publish from time to time consistent with industry standards.

            Notwithstanding the provisions of Section 8, upon the breach of this
            Section  10.3 by Bridge,  SAVVIS  shall have the right to  terminate
            this  Agreement  with  respect  to  all  or  part  of  the  Networks
            immediately upon written notice to Bridge.

      10.4. COVENANT NOT TO COMPETE.

            10.4.1.     As an inducement to SAVVIS to enter into this Agreement,
                        which  Bridge  acknowledges  is of benefit to it, and in
                        consideration  of the  promises and  representations  of
                        SAVVIS under this Agreement, Bridge covenants and agrees
                        that during the term of this  Agreement and for a period
                        of five years thereafter,  neither Bridge nor any of its
                        successors  or assigns  will,  directly  or  indirectly,
                        engage  in, or have any  interest  in any other  person,
                        firm,  corporation  or  other  entity  engaged  in,  any
                        business  activities  anywhere in the world  competitive
                        with or similar or related to the packet-data  transport
                        network   services   provided   by  SAVVIS   under  this
                        Agreement;

                                       13
 <PAGE>

                        provided,  however,  that  (i)  Bridge  and  the  Bridge
                        Subsidiaries  shall be free to  continue to use the Call
                        Assets  and the  satellite  networks  currently  used by
                        Bridge,  until such Call  Assets or  satellite  networks
                        have been acquired by SAVVIS or the SAVVIS  Subsidiaries
                        pursuant  to the  Master  Establishment  and  Transition
                        Agreement, and (ii) Bridge shall be free to make passive
                        investments  in  securities  of  companies  that provide
                        network  services in competition  with SAVVIS which,  in
                        the case of any such security,  does not constitute more
                        than ten percent (10%) of the total  outstanding  amount
                        of such security.

            10.4.2.     If any court or tribunal of competent jurisdiction shall
                        refuse to enforce one or more of the  covenants  in this
                        Section 10.4 because the time limit  applicable  thereto
                        is deemed  unreasonable,  it is expressly understood and
                        agreed that such covenant or covenants shall not be void
                        but that for the purpose of such  proceedings  such time
                        limitation  shall be deemed to be  reduced to the extent
                        necessary to permit the  enforcement of such covenant or
                        covenants.

            10.4.3.     If any court or tribunal of competent jurisdiction shall
                        refuse to enforce  any or all of the  covenants  in this
                        Section  10.4  because,  taken  together,  they are more
                        extensive  (whether  as to  geographic  area,  scope  of
                        business or otherwise)  than is deemed to be reasonable,
                        it  is  expressly  understood  and  agreed  between  the
                        parties hereto that such covenant or covenants shall not
                        be void but that for the purpose of such proceedings the
                        restrictions contained therein (whether as to geographic
                        area, scope of business or otherwise) shall be deemed to
                        be  reduced  to  the  extent  necessary  to  permit  the
                        enforcement of such covenant or covenants.

            10.4.4.     Bridge  specifically  acknowledges  and agrees  that the
                        foregoing  covenants  are  commercially  reasonable  and
                        reasonably  necessary to protect the interests of SAVVIS
                        hereunder.  Bridge hereby  acknowledges  that SAVVIS and
                        its successors and assigns will suffer  irreparable  and
                        continuing  harm to the extent that any of the foregoing
                        covenants is breached and that legal  remedies  would be
                        inadequate in the event of any such breach.

11.   RIGHTS AND OBLIGATIONS OF SAVVIS

       11.1.  PROVISION  OF THE  NETWORKS.  SAVVIS shall  operate,  maintain and
              manage the Networks at the  Installation  Sites using the Acquired
              Network  Facilities  in  accordance  with the  Quality  of Service
              Standards and other terms of this Agreement, including all Addenda
              hereto.

       11.2.  REPRESENTATIONS AND WARRANTIES.

              11.2.1.[Intentionally omitted.]

                                       14
<PAGE>

              11.2.2.SAVVIS hereby represents and warrants that the terms hereof
                     do not conflict in any respect  whatsoever  with any SAVVIS
                     tariff on file with the Federal  Communications  Commission
                     or  other  regulatory  body.  If,  during  the term of this
                     Agreement,  SAVVIS  shall file a contract  specific  tariff
                     governing the Networks or any portion thereof,  such tariff
                     filing shall be  consistent  in all respects with the terms
                     of this  Agreement,  and SAVVIS  shall give  Bridge 10 days
                     advance  written  notice of making such a tariff filing and
                     of filing any subsequent modifications thereto.

              11.2.3.THE  FOREGOING   WARRANTIES   ARE  IN  LIEU  OF  ALL  OTHER
                     WARRANTIES,  EXPRESS  OR  IMPLIED,  INCLUDING  THE  IMPLIED
                     WARRANTIES OF MERCHANTABILITY  AND FITNESS FOR A PARTICULAR
                     PURPOSE.

       11.3.  So  long  as  Bridge  is  the  beneficial  owner  of  20%  of  the
              outstanding  voting  securities  of SAVVIS  Parent,  SAVVIS Parent
              shall not,  without the prior written consent of Bridge,  take any
              action or  otherwise  enter  into any  agreement,  arrangement  or
              understanding,   including  without  limitation  the  creation  or
              issuance of any class of stock or other security, or any agreement
              with any  shareholder of SAVVIS Parent,  the effect of which would
              be to provide any  shareholder of SAVVIS Parent with any voting or
              registration  rights superior to the voting or registration rights
              of Bridge, other than as required by law.

       11.4.  SAVVIS  acknowledges  that the  occurrence  of Event of Default by
              SAVVIS,  arising from either (i) a failure of the Networks to meet
              Quality of Service Standards or (ii) a total loss to Bridge of the
              use of the Networks,  could cause irreparable harm to Bridge,  the
              amount of which may be difficult to  determine,  thus  potentially
              making  any  remedy  at  law  or in  damages  inadequate.  SAVVIS,
              therefore, agrees that Bridge shall have the right to apply to any
              court of competent  jurisdiction  for  injunctive  relief upon the
              occurrence  of an Event of Default by SAVVIS or the  occurrence of
              an event which,  with the passage of time or the giving of notice,
              could  become  an Event of  Default  by  SAVVIS  and for any other
              appropriate  relief.  This right shall be in addition to any other
              remedy available to Bridge in law or equity. SAVVIS further agrees
              that, upon the occurrence of an Event of Default by SAVVIS, SAVVIS
              shall pay to Bridge,  as liquidated  damages and not as a penalty,
              an amount equal to the lesser of (a) the aggregate amounts paid by
              Bridge  to SAVVIS  under  this  Agreement  during  the six  months
              preceding  such  Event of  Default  by SAVVIS or (b)  $50,000,000;
              provided,  however,  that  Bridge may recover  liquidated  damages
              under this  Section  only for an Event of  Default by SAVVIS  that
              occurs  (i) prior to any  Event of  Default  by  SAVVIS  for which
              Bridge  or  Telerate  or any  Bridge  Subsidiary  or any  Telerate
              Subsidiary  has claimed  liquidated  damages under this Section or
              under the Telerate Network  Services  Agreement or under any Local
              Network  Services  Agreement or under any Telerate  Local  Network
              Services Agreement, or (ii) more than 36 months following the most
              recent Event of Default by SAVVIS

                                       15
<PAGE>

              for which  Bridge or  Telerate  or any  Bridge  Subsidiary  or any
              Telerate  Subsidiary  has claimed  liquidated  damages  under this
              Section or under the Telerate Network Services  Agreement or under
              any Local Network  Services  Agreement or under any Telerate Local
              Network Services Agreement.

12.    LIMITATIONS OF LIABILITY

       12.1.  Subject  to Section  11.4,  neither  party  shall be liable to the
              other for indirect, incidental, consequential, exemplary, reliance
              or special damages, including damages for lost profits, regardless
              of the form of action  whether in contract,  indemnity,  warranty,
              strict  liability or tort,  including  negligence of any kind with
              respect to the Networks or other conduct under this Agreement.

       12.2.  Nothing  contained  in this  Section  shall limit  either  party's
              liability to the other for (a) willful or intentional  misconduct,
              including  fraud,  or (b) injury or death,  or damage to  tangible
              real  or  tangible  personal  property  or the  environment,  when
              proximately  caused by SAVVIS' or Bridge's  negligence  or that of
              their  respective  agents,  subcontractors  or employees.  Nothing
              contained  in  this  Section  shall  limit  SAVVIS'   intellectual
              property   indemnification   obligations  under  Section  16.1  or
              Bridge's  indemnification  obligations with respect to a breach of
              Section 10.3.

13.    EQUIPMENT AND SOFTWARE NOT PROVIDED BY SAVVIS

       13.1.  SAVVIS shall not be responsible for the installation, operation or
              maintenance of equipment or software not provided by it under this
              Agreement, nor shall SAVVIS be responsible for the transmission or
              reception of  information by equipment or software not provided by
              SAVVIS  hereunder.  In the event that  Bridge  uses  equipment  or
              software not provided by SAVVIS hereunder in a manner that impairs
              Bridge's  use of the  Networks,  Bridge  shall not be excused from
              payment for such use and SAVVIS shall not be  responsible  for any
              failure of the  Networks to meet the Quality of Service  Standards
              resulting  from the use of such  equipment  or software by Bridge.
              Upon  notice  from  SAVVIS  that the  equipment  or  software  not
              provided by SAVVIS under this Agreement is causing or is likely to
              cause hazard,  interference or service  obstruction,  Bridge shall
              eliminate the likelihood of such hazard,  interference  or service
              obstruction.

       13.2.  Notwithstanding  the  foregoing,  SAVVIS  shall,  at no additional
              charge,  provide all  interface  specifications  for the  Networks
              reasonably requested by Bridge.  SAVVIS shall, upon the receipt of
              appropriate  specifications  from  Bridge,  inform  Bridge  of the
              compatibility  with the Networks of any equipment or software that
              Bridge proposes to use in connection  therewith,  the effects,  if
              any, of the use of such  equipment  or  software  on the  quality,
              operating  characteristics and efficiency of the Networks, and the
              effects, if any, of the Networks on the operating  characteristics
              and efficiency of any such equipment or software.

                                       16
<PAGE>

14.    PROPRIETARY RIGHTS; LICENSE

       14.1.  SAVVIS  hereby  grants to Bridge  and the  Bridge  Subsidiaries  a
              non-exclusive and non-transferable  license to use all programming
              and software  necessary for Bridge and the Bridge  Subsidiaries to
              use the  Networks.  Such  license is granted  for the term of this
              Agreement  for the sole purpose of enabling  Bridge and the Bridge
              Subsidiaries to use the Networks.

       14.2.  All title and property  rights  (including  intellectual  property
              rights) to the  Networks  (including  associated  programming  and
              software)  are and shall  remain  with  SAVVIS or the  third-party
              providers thereof to SAVVIS. Bridge shall not (except as permitted
              by  applicable  law)  attempt to  examine,  copy,  alter,  reverse
              engineer, decompile,  disassemble, tamper with or otherwise misuse
              the Networks, programming and software.

15.    CONFIDENTIALITY

       15.1.  During the term of this  Agreement  and for a period of five years
              from the date of its  expiration  or  termination  (including  all
              extensions  thereof),  each  party  agrees to  maintain  in strict
              confidence  all  Confidential  Information.  Neither  party shall,
              without  prior written  consent of the other party,  use the other
              party's  Confidential  Information  for any purpose other than for
              the performance of its duties and obligations, and the exercise of
              its rights, under this Agreement.  Each party shall use, and shall
              cause all authorized  recipients of the other party's Confidential
              Information  to use,  the same degree of care to protect the other
              party's  Confidential  Information  as it uses to protect  its own
              Confidential  Information,  but  in  any  event  not  less  than a
              reasonable degree of care.

       15.2.  Notwithstanding  Section  15.1,  either  party  may  disclose  the
              Confidential  Information of the other party to: (a) its employees
              and the  employees,  directors  and officers of its  Affiliates as
              necessary to implement this  Agreement;  (b) employees,  agents or
              representatives   of  the  other  party;   or  (c)  other  persons
              (including counsel, consultants, lessors or managers of facilities
              or  equipment  used by such  party)  in  need  of  access  to such
              information  for purposes  specifically  related to either party's
              responsibilities   under  this   Agreement,   provided   that  any
              disclosure of Confidential  Information  under clause (c) shall be
              made only  upon  prior  written  approval  of the other  party and
              subject to the  appropriate  assurances that the recipient of such
              information shall hold it in strict confidence.

       15.3.  Upon  the  request  of the  party  having  proprietary  rights  to
              Confidential   Information,   the  party  in  possession  of  such
              information  shall  promptly  return  it  (including  any  copies,
              extracts  and  summaries  thereof,  in  whatever  form and  medium
              recorded)  to the  requesting  party or,  with the  other  party's
              written  consent,  shall promptly destroy it and provide the other
              party with written certification of such destruction.

                                       17
<PAGE>

       15.4.  Either party may request in writing that the other party waive all
              or any portion of the requesting party's responsibilities relative
              to the other party's Confidential Information. Such waiver request
              shall  identify  the  affected  information  and the nature of the
              proposed waiver. The recipient of the request shall respond within
              a reasonable time and, if it determines,  in its sole  discretion,
              to grant the requested  waiver,  it will do so in writing over the
              signature of an employee authorized to grant such request.

       15.5.  Bridge   and   SAVVIS   acknowledge   that   any   disclosure   or
              misappropriation of Confidential  Information in violation of this
              Agreement could cause irreparable harm, the amount of which may be
              difficult to determine,  thus potentially making any remedy at law
              or in damages inadequate.  Each party, therefore,  agrees that the
              other  party  shall  have  the  right  to  apply  to any  court of
              competent  jurisdiction  for an order  restraining  any  breach or
              threatened  breach of this  Section and for any other  appropriate
              relief.  This  right  shall be in  addition  to any  other  remedy
              available in law or equity.

       15.6.  A party  requested  or  ordered  by a court or other  governmental
              authority of competent  jurisdiction  to disclose  another party's
              Confidential  Information  shall notify the other party in advance
              of any such  disclosure  and,  absent the other party's consent to
              such disclosure, use its best efforts to resist, and to assist the
              other  party in  resisting,  such  disclosure.  A party  providing
              another  party's  Confidential  Information  to a court  or  other
              governmental  authority  shall  use its best  efforts  to obtain a
              protective  order or comparable  assurance  that the  Confidential
              Information so provided will be held in confidence and not further
              disclosed to any other person, absent the owner's prior consent.

       15.7.  The provisions of Section 15.1 above shall not apply to reasonably
              necessary  disclosures in or in connection  with filings under any
              securities  laws,  regulatory  filings or  proceedings,  financial
              disclosures  which in the good faith  judgment  of the  disclosing
              party  are  required  by law,  disclosures  required  by  court or
              tribunal or competent  jurisdiction,  or  disclosures  that may be
              reasonably  necessary in connection with the sale of securities or
              the  performance  or  enforcement  of this Agreement or any of the
              obligations hereof; provided, however, that if the receiving party
              would  otherwise be required to refer to or describe any aspect of
              this  Agreement  in  any  of  the  preceding  circumstances,   the
              receiving  party  shall use its  reasonable  efforts  to take such
              steps  as are  available  under  such  circumstances  (such  as by
              providing  a  summary  or  synopsis)  to avoid  disclosure  of the
              financial terms and conditions of this Agreement.  Notwithstanding
              any provisions of this Agreement to the contrary, either party may
              disclose the terms and  conditions of this Agreement in the course
              of a due diligence review performed in connection with prospective
              debt  financing  or  equity  investment  by, or a sale to, a third
              party, so long as the persons conducting such due diligence review
              have agreed to maintain the confidentiality of such disclosure and
              not  to use  such  disclosure  for  any  purpose  other  such  due
              diligence review.

                                       18
<PAGE>

16.    INDEMNIFICATIONS

       16.1.  SAVVIS shall defend,  settle,  or otherwise manage at its own cost
              and  expense  any  claim or  action  against  Bridge or any of its
              directors,  officers,  employees  or assigns for actual or alleged
              infringement by the Networks of any patent, copyright,  trademark,
              trade  secret or  similar  proprietary  right of any third  party,
              except to the  extent  that such  actual or  alleged  infringement
              arises  from  (i)  such  actual  or  alleged  infringement  by the
              Acquired  Network  Facilities on or prior to the Effective Date or
              (ii) an act or  omission  of  Bridge or a Bridge  Subsidiary  or a
              vendor  or   customer  of  Bridge  or  a  Bridge   Subsidiary   or
              (iii) equipment  or  software  used by Bridge and not  provided by
              SAVVIS or (iv)  services or equipment  provided by or on behalf of
              Bridge under the Technical Services Agreement. Bridge shall notify
              SAVVIS  promptly  in  writing  of any such claim or suit and shall
              cooperate  with  SAVVIS  in a  reasonable  way to  facilitate  the
              settlement or defense thereof.  SAVVIS further agrees to indemnify
              and hold Bridge  harmless from and against any and all liabilities
              and damages  (whether  incurred as the result of a judicial decree
              or a settlement),  and the costs and expenses  associated with any
              claim or action of the type identified in this Section  (including
              reasonable attorneys' fees).

       16.2.  If, as a consequence of a claim or action of the kind described in
              Section  16.1,  SAVVIS'  or  Bridge's  use of all or  part  of any
              Network is  enjoined,  SAVVIS  shall,  at its option and  expense,
              either:  (a) procure  for Bridge the right to  continue  using the
              affected  Network;  (b) modify  such  Network  so  that  they  are
              non-infringing,  provided that such  modification  does not affect
              the  intended  use of the Network as  contemplated  hereunder.  If
              SAVVIS does not take any of the actions  described  in clauses (a)
              or (b),  then Bridge may  terminate  the affected  portion of such
              Network,  and SAVVIS  shall  refund to Bridge any prepaid  charges
              therefor.

       16.3.  Subject to Section 12,  Bridge  will  defend,  indemnify  and hold
              harmless  SAVVIS or any of its directors,  officers,  employees or
              assigns from and against all loss, liability,  damage and expense,
              including reasonable attorneys' fees, caused by:

              (a)    claims  for  libel,   slander,   invasion   of  privacy  or
                     infringement of copyright,  and invasion and/or  alteration
                     of private  records or data arising  from any  information,
                     data or messages  transmitted  over the Networks by Bridge;
                     and

              (b)    claims for  infringement of patents arising from the use by
                     Bridge of equipment and software, apparatus and systems not
                     provided hereunder in connection with the Networks; and

              (c)    the  violation  of  any  representations,   warranties  and
                     covenants made by Bridge in this Agreement.

                                       19
<PAGE>

              16.4.  Subject to Section 12,  SAVVIS will defend,  indemnify  and
                     hold  harmless  Bridge or any of its  directors,  officers,
                     employees or assigns from and against all loss,  liability,
                     damage and expense,  including reasonable  attorneys' fees,
                     caused by:

                     (a)    claims for  infringement of patents arising from the
                            use by SAVVIS of equipment and  software,  apparatus
                            and systems  not  provided  by SAVVIS  hereunder  in
                            connection   with  the  Networks   (other  than  any
                            Acquired Network Facilities); and

                     (b)    the violation of any representations, warranties and
                            covenants made by SAVVIS in this Agreement.

17.    DISPUTES

       17.1.  Except as expressly  provided in Schedule  4.1 of this  Agreement,
              the  resolution  of  any  and  all  disputes  arising  from  or in
              connection with this Agreement,  whether based on contract,  tort,
              statute or otherwise,  including  disputes over  arbitrability and
              disputes in connection  with claims by third persons  ("DISPUTES")
              shall be  exclusively  governed by and settled in accordance  with
              the  provisions  of this  Section  17.  The  foregoing  shall  not
              preclude  recourse to judicial  proceedings to obtain  injunctive,
              emergency or other  equitable  relief to enforce the provisions of
              this Agreement, including specific performance, and to decide such
              issues as are  required to be resolved in  determining  whether to
              grant such relief.  Resolution  of Disputes with respect to claims
              by third persons shall be deferred until any judicial  proceedings
              with respect thereto are concluded.

       17.2.  The  parties  hereby  agree to  submit  all  Disputes  to rules of
              arbitration  of  the  American  Arbitration  Association  and  the
              Missouri Uniform Arbitration Act (the "RULES") under the following
              provisions,  which  shall be final and binding  upon the  parties,
              their  successors and assigns,  and that the following  provisions
              constitute  a binding  arbitration  clause under  applicable  law.
              Either  party  may  serve  process  or  notice on the other in any
              arbitration or litigation in accordance with the notice provisions
              hereof.   The  parties  agree  not  to  disclose  any  information
              regarding any Dispute or the conduct of any arbitration hereunder,
              including  the existence of such Dispute or such  arbitration,  to
              any person or entity other than such employees or  representatives
              of such party as have a need to know.

       17.3.  Either  party may  commence  proceedings  hereunder by delivery of
              written notice  providing a reasonable  description of the Dispute
              to the  other,  including  a  reference  to  this  provision  (the
              "DISPUTE  NOTICE").  Either  party may initiate  arbitration  of a
              Dispute  by  delivery  of  a  demand  therefor  (the  "ARBITRATION
              DEMAND") to the other party not sooner than 60 calendar days after
              the  date  of  delivery  of the  Dispute  Notice  but at any  time
              thereafter.  The  arbitration  shall be  conducted  in St.  Louis,
              Missouri.

                                       20
<PAGE>

       17.4.  The  arbitration  shall be  conducted  by three  arbitrators  (the
              "ARBITRATORS"),  one of whom shall be selected  by Bridge,  one by
              SAVVIS, and the third by agreement of the other two not later than
              10 days after  appointment  of the first  two,  or,  failing  such
              agreement,  appointed  pursuant  to the  Rules.  If an  Arbitrator
              becomes  unable  to  serve,  a  successor  shall  be  selected  or
              appointed in the same manner in which the  predecessor  Arbitrator
              was appointed.

       17.5.  The arbitration shall be conducted  pursuant to such procedures as
              the  parties  may agree  or, in the  absence  of or  failing  such
              agreement,  pursuant to the Rules.  Notwithstanding the foregoing,
              each party  shall have the right to inspect  the books and records
              of the other  party that are  reasonably  related to the  Dispute,
              and each  party shall provide to the other,  reasonably in advance
              of any hearing,  copies of all documents  which such party intends
              to  present in such  hearing  and the names and  addresses  of all
              witnesses  whose  testimony  such party intends to present in such
              hearing.

       17.6.  All hearings shall be conducted on an expedited schedule,  and all
              proceedings shall be confidential. Either party may at its expense
              make a stenographic record thereof.

       17.7.  The  Arbitrators  shall  complete  all  hearings not later than 90
              calendar days after the Arbitrators' selection or appointment, and
              shall  make  a  final  award  not  later  than  30  calendar  days
              thereafter. The Arbitrators shall apportion all costs and expenses
              of the Arbitration,  including the Arbitrators'  fees and expenses
              of  experts  ("ARBITRATION  COSTS")  between  the  prevailing  and
              non-prevailing   parties   as  the   Arbitrators   deem  fair  and
              reasonable.  In circumstances where a Dispute has been asserted or
              defended  against on grounds that the Arbitrators  deem manifestly
              unreasonable,  the Arbitrators  may assess all  Arbitration  Costs
              against the non-prevailing  party and may include in the award the
              prevailing party's attorneys' fees and expenses in connection with
              any and all proceedings under this Section 17.

       17.8.  Either party may assert  appropriate  statutes of  limitation as a
              defense in arbitration;  provided, that upon delivery of a Dispute
              Notice  any  such  statute  shall  be  tolled  pending  resolution
              hereunder.

       17.9.  Pending the resolution of any dispute or controversy arising under
              this  Agreement,  the  parties  shall  continue  to perform  their
              respective   obligations   hereunder,   and   SAVVIS   shall   not
              discontinue,  disconnect  or in any other fashion cease to provide
              all or any  substantial  portion of the Networks to Bridge  unless
              otherwise  directed by Bridge.  This Section shall not apply where
              (a) Bridge is in default  under this  Agreement or (b) the dispute
              or controversy between the parties relates to harm to the Networks
              allegedly  caused by Bridge and Bridge does not immediately  cease
              and  desist  from  the  activity  giving  rise to the  dispute  or
              controversy.

                                       21
<PAGE>

18.    FORCE MAJEURE

       18.1.  In no event  shall  either  party be  liable  to the other for any
              failure to perform hereunder that is due to war, riots, embargoes,
              strikes or other  concerted  acts of workers  (whether  of a party
              hereto or of others), casualties, accidents or other causes to the
              extent  that  such  failure  and  the  consequences   thereof  are
              reasonably  beyond the control and without the fault or negligence
              of  the  party  claiming  excuse.   Each  party  shall,  with  the
              cooperation of the other party, use reasonable efforts to mitigate
              the extent of any failure to perform and the adverse  consequences
              thereof.

       18.2.  If SAVVIS  cannot  promptly  provide a suitable  temporary  SAVVIS
              alternative to all or part of a Network subject to an interruption
              in connection  with the  existence of a force  majeure  condition,
              Bridge may, at its option and at its own cost,  contract  with one
              or more third parties for the affected  portion of the Network for
              the shortest  commercially  available  period  likely to cover the
              reasonably expected duration of the interruption,  and may suspend
              SAVVIS' provision of such affected portion for such period. SAVVIS
              shall not charge  Bridge for the affected  portion thus  suspended
              during the period of suspension.  SAVVIS shall resume provision of
              the  suspended  portion  of the  Network  upon  the  later  of the
              termination or expiration of Bridge's legally binding  commitments
              under contracts with third parties for alternative services or the
              cessation or remedy of the force majeure condition.

       18.3.  In the event that a force  majeure  condition  shall  continue for
              more than 60 days,  Bridge may cancel the affected  portion of the
              Network  with no  further  liability  to  SAVVIS  other  than  for
              obligations  incurred with respect to such affected  portion prior
              to the occurrence of the force majeure condition.

       18.4.  The  consequences  arising from  existence and  continuation  of a
              force  majeure   condition,   including  without   limitation  any
              interruption  of the  Networks  and the  exercise by Bridge of its
              rights under this Section 18, shall be deemed not to  constitute a
              breach by either party hereto of any  representations,  warranties
              or covenants  hereunder  and shall not be grounds for the exercise
              of any remedies under this Agreement, including without limitation
              remedies  under  Section  2.2  or  Section  7,  other  than  those
              specified in this Section 18.

19.    GENERAL PROVISIONS

       19.1.  NO THIRD-PARTY BENEFICIARIES.  This Agreement shall not confer any
              rights  or  remedies  upon any  person or  entity  other  than the
              parties and their respective successors and permitted assigns.

       19.2.  ENTIRE AGREEMENT. This Agreement (including the documents referred
              to herein)  constitutes the entire  agreement  between the parties
              and supersedes any prior

                                       22
<PAGE>

              understandings,  agreements,  or representations by or between the
              parties, written or oral, to the extent they related in any way to
              the subject matter hereof.

       19.3.  SUCCESSION AND  ASSIGNMENT.  This Agreement  shall be binding upon
              and inure to the  benefit of the  parties  named  herein and their
              respective  successors and permitted assigns.  No party may assign
              either  this  Agreement  or  any  of  its  rights,  interests,  or
              obligations  hereunder  without the prior written  approval of the
              other party, which consent shall not be unreasonably withheld.

       19.4.  COUNTERPARTS.  This  Agreement  may be  executed  in  one or  more
              counterparts, each of which shall be deemed an original but all of
              which together will constitute one and the same instrument.

       19.5.  HEADINGS.  The Section  headings  contained in this  Agreement are
              inserted for convenience  only and shall not affect in any way the
              meaning or interpretation of this Agreement.

       19.6.  NOTICES.  All  notices,  requests,   demands,  claims,  and  other
              communications  hereunder will be in writing. Any notice, request,
              demand,  claim, or other  communication  hereunder shall be deemed
              duly  given if (and then two  business  days  after) it is sent by
              registered or certified mail,  return receipt  requested,  postage
              prepaid,  and  addressed  to the  intended  recipient as set forth
              below:

              If to Bridge:  Bridge Information Systems, Inc.
                             Three World Financial Center
                             New York, New York 10285
                             (212) 372-7195 (fax)
                             Attention:  Zachary Snow,
                                         Executive Vice President and
                                           General Counsel

              If to SAVVIS:  SAVVIS Communications Corporation
                             717 Office Parkway
                             St. Louis, Missouri 63141
                             (314) 468-7550 (fax)
                             Attention:  Steven M. Gallant,
                                         Vice President and General Counsel

              Any party may send any notice,  request,  demand,  claim, or other
              communication  hereunder to the intended  recipient at the address
              set  forth  above  using  any  other  means  (including   personal
              delivery,  expedited courier,  messenger service, telecopy, telex,
              ordinary mail, or electronic  mail), but no such notice,  request,
              demand, claim, or other communication shall be deemed to have been
              duly  given  unless  and  until it  actually  is  received  by the
              intended  recipient.  Any party may  change  the  address to which
              notices,  requests,  demands,  claims,  and  other

                                       23
<PAGE>

              communications  hereunder  are to be delivered by giving the other
              party notice in the manner herein set forth.

       19.7.  GOVERNING LAW. This  Agreement  shall be governed by and construed
              in  accordance  with the  domestic  laws of the State of  Missouri
              without  giving  effect to any choice or conflict of law provision
              or  rule   (whether   of  the  State  of  Missouri  or  any  other
              jurisdiction)  that would cause the application of the laws of any
              jurisdiction other than the State of Missouri.

       19.8.  AMENDMENTS  AND WAIVERS.  No  amendment  of any  provision of this
              Agreement  shall be valid  unless the same shall be in writing and
              signed  by  SAVVIS  and  Bridge.  No  waiver  by any  party of any
              default,  misrepresentation,  or breach of  warranty  or  covenant
              hereunder,  whether  intentional or not, shall be deemed to extend
              to any prior or subsequent default,  misrepresentation,  or breach
              of warranty or covenant  hereunder or affect in any way any rights
              arising by virtue of any prior or subsequent such occurrence.

       19.9.  SEVERABILITY.  Any term or  provision  of this  Agreement  that is
              invalid or  unenforceable  in any  situation  in any  jurisdiction
              shall not affect the validity or  enforceability  of the remaining
              terms and provisions  hereof or the validity or  enforceability of
              the offending  term or provision in any other  situation or in any
              other jurisdiction.

       19.10. EXPENSES.  Each  party  will  bear  its  own  costs  and  expenses
              (including  legal fees and expenses)  incurred in connection  with
              this Agreement and the transactions contemplated hereby.

       19.11. CONSTRUCTION.  Any  reference to any  federal,  state,  local,  or
              foreign  statute or law shall be deemed also to refer to all rules
              and  regulations  promulgated   thereunder,   unless  the  context
              requires  otherwise.  The word  "including"  shall mean  including
              without limitation.

       19.12. ADDENDA AND  SCHEDULES.  The Addenda and  Schedules  identified in
              this  Agreement  are  incorporated  herein by reference and made a
              part hereof.

       IN WITNESS WHEREOF,  the parties hereto have caused this Network Services
Agreement to be executed as of the date first above written.

       THIS  CONTRACT  CONTAINS  A BINDING  ARBITRATION  PROVISION  WHICH MAY BE
ENFORCED BY THE PARTIES.

                  SAVVIS COMMUNICATIONS CORPORATION

                  By____________________________________________________________
                  Name: Steven M. Gallant

                                       24
<PAGE>

                  Title: Vice President and General Counsel

                  BRIDGE INFORMATION SYSTEMS, INC.

                  By____________________________________________________________
                  Name: Daryl A. Rhodes
                  Title: Executive Vice President

                                       25
<PAGE>

                                  SCHEDULE 2.2
                          QUALITY OF SERVICE STANDARDS

1.       Starting  one year  from  the  Effective  Date,  the  Acquired  Network
         Facilities and Additional  Network Facilities that are connected to the
         St.  Louis  hub  where  Bridge  houses  the data  distributed  over the
         Distribution  Network (the "St.  Louis Hub") by fully  redundant  paths
         shall be covered by Quality of Service Standards  outlined below. These
         provisions shall be applicable to Installation  Sites performing within
         the bandwidth  limitations set forth in Section 7.2 of Schedule 3.1 or,
         with respect to the SAVVIS  Backbone,  to be agreed upon,  and shall be
         measured in performance relative to the St. Louis Hub.

2. For the SAVVIS Backbone  supporting the Collection  Network and  Distribution
   Network:

         (a)      There shall not be less than 99.99% availability to any SAVVIS
                  POP supporting Installation Sites during each one month period
                  during the Market Hours applicable to the POP connected to the
                  St. Louis Hub.

         (b)      The average  round-trip  terrestrial  latency period to SAVVIS
                  POP  locations  supporting   Installation  Sites  during  each
                  one-month period shall not exceed:

                  (i)     75 milliseconds within the United States,

                  (ii)    250 milliseconds to Australia,  Eastern Asia,  Europe,
                          and North America,

                  (iii)   425  milliseconds to all other areas,  including South
                          America, Middle East, Africa, New Zealand and India.

3.       For Installation Sites, network availability shall be measured in terms
         of server upstream  connectivity during Market Hours for each one-month
         period.  Resultant  availability to the Installation Sites shall be not
         less than 99.99% based on the following criteria:

         (a)      All server disconnects will be considered as potential network
                  outages.

         (b)      Disconnects  which are  attributed  to bandwidth  limitations,
                  process  failures,  and server faults will be eliminated  from
                  the sample population.

         (c)      Remaining  disconnects that reflect total outage conditions on
                  both  redundant  pieces of the network  shall be  considered a
                  network outage to the Installation  Site. The time duration of
                  the network outage shall be used to determine the availability
                  percentage.

3.       SAVVIS will continue to monitor  performance of the acquired  Bridge OA
         Network.  Performance  problems with specific OA sites will be resolved
         jointly by Bridge and SAVVIS.

                                       26

<PAGE>

4.    CREDIT AMOUNTS

       Amounts to be credited if the  Quality of Service  Standards  are not met
       with respect to a particular  Installation  Site in any month shall be as
       follows,  plus (other than in  Distributor  Countries) the actual charges
       for Installation Site Local Access Facilities, permanent virtual circuits
       or other means for connecting such Installation Site to the SAVVIS POP:

<TABLE>
<CAPTION>
            CONNECTION        MONTHLY          MONTHLY         MONTHLY           MONTHLY CREDIT
              SPEED           CREDIT           CREDIT          CREDIT             [DISTRIBUTOR
                          [UNITED STATES]     [EUROPE]         [ASIA]              COUNTRIES]
            <S>           <C>                 <C>              <C>               <C>
               T1               [*]              [*]            [*]                   [*]

               E1               [*]              [*]            [*]                   [*]

             256 Kbs            [*]              [*]            [*]                   [*]

             128 Kbs            [*]              [*]            [*]                   [*]

              64 Kbs            [*]              [*]            [*]                   [*]

              56 Kbs            [*]              [*]            [*]                   [*]

               ISDN             [*]              [*]            [*]                   [*]

</TABLE>

          CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THIS SCHEDULE
         PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAVE BEEN
         FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
                          ASTERISKS DENOTE OMISSIONS.

                                       27
<PAGE>

                                  SCHEDULE 3.1

                                     PRICING

1.     DEFINITIONS.

       1.1.   "BACKBONE LOCAL ACCESS  FACILITIES" means the local access line or
              other local  communications  circuit  provided by a local exchange
              carrier connecting long-haul circuits to a SAVVIS POP.

       1.2.   "INITIAL POP THRESHOLD  REVENUE" with respect to any  metropolitan
              area means an amount equal to 2.5 times the sum of:

              (a)    (i)    [*] if the POP is built by SAVVIS,

                     (ii)   [*] if the POP is leased to SAVVIS, plus

              (b)    the  actual  cost to  SAVVIS  of  extending  two  redundant
                     circuits of the SAVVIS  long-haul  circuits to a SAVVIS POP
                     in such metropolitan area, plus

              (c)    the  actual  cost  to  SAVVIS  for  Backbone  Local  Access
                     Facilities  connecting the two redundant long-haul circuits
                     to such SAVVIS POP, plus

              (d)    the  actual  cost to SAVVIS of  obtaining  collocation  and
                     power for such SAVVIS POP.

              1.3.   "INSTALLATION  SITE"  means  any  facility  of  Bridge or a
                     Bridge Subsidiary or of vendors or customers of Bridge or a
                     Bridge  Subsidiary  at which one or more of the Networks is
                     installed.

              1.4.   "INSTALLATION SITE LOCAL ACCESS FACILITIES" means the local
                     access line or other local communications  circuit provided
                     by a local exchange carrier connecting an Installation Site
                     to a SAVVIS POP.

              1.5.   "LOCAL  ACCESS  FACILITIES"  means the local access line or
                     other  local  communications  circuit  provided  by a local
                     exchange carrier.

              1.6.   "POP" means point-of-presence.

              1.7.   "SAVVIS   BACKBONE"   means  the  collection  of  long-haul
                     circuits,   Backbone  Local  Access  Facilities  and  POPS,
                     including  switching and routing equipment,  that are owned
                     by,  or  leased  to,  SAVVIS  providing  telecommunications
                     utilizing the Internet Protocol, excluding any Installation
                     Site Local Access Facilities.

<PAGE>

              1.8.   "SUBSEQUENT  POP  THRESHOLD  REVENUE"  with  respect to any
                     metropolitan  area  means an amount  equal to 2.5 times the
                     sum of:

                     (a)    (i)    [*] if the POP is built by SAVVIS, or

                            (ii)   [*] if the POP is leased by SAVVIS, plus

                     (b)    the  actual  cost to SAVVIS of  connecting  a second
                            switch to an  existing  switch in such  metropolitan
                            area by means of a DS3 circuit, plus

                     (c)    the actual cost to SAVVIS of  obtaining  collocation
                            and power for such second switch.

       1.9.   "POP SITE" means any Installation  Site that accesses a SAVVIS POP
              by means of Local Access Facilities.

       1.10.  "NON-POP SITE" means any Installation Site other than a POP Site.

2.     FIRST-YEAR PRICE FOR NETWORKS USING ACQUIRED NETWORK FACILITIES

       2.1.   For  the  first  Agreement  Year  in  the  Initial  Term  of  this
              Agreement, Bridge and the Bridge Subsidiaries shall pay SAVVIS and
              the  SAVVIS  Subsidiaries  for the  Networks  using  the  Acquired
              Network   Facilities  plus  the  Short-Term  Call  Assets  in  the
              aggregate amount determined as follows,  but in any event not less
              than [*] per month  from the  Effective  Date,  such  amount to be
              allocated  between this  Agreement and the Local Network  Services
              Agreements substantially in the form attached as Exhibit A hereto:

              (a)    The sum of:

                     (i)    the actual cost to Bridge of operating  the Networks
                            as of  October 31,  1999,  as set forth in  Schedule
                            3.1-A hereto; plus

                     (ii)   the   actual   cost  to  Bridge  of  the   employees
                            transferred  from Bridge to SAVVIS for the operation
                            of the  Networks,  determined  on the  basis  of the
                            actual salaries of such  employees,  as set forth in
                            Schedule  3.1-A  hereto,  plus  a  benefits  loading
                            factor to be mutually agreed upon;

                     (b)    less the actual cost to Bridge of backbone  circuits
                            and  associated  Backbone  Local  Access  Facilities
                            removed or replaced  subsequent to October 31, 1999,
                            and prior to the Effective Date;

                     (c)    plus, (i) with respect to the Distribution  Network,
                            the actual cost to SAVVIS as of the  Effective  Date
                            of backbone  circuits and associated  Backbone Local
                            Access added or  substituted  or used in part by any
                            party other than Bridge,  subsequent  to October 31,
                            1999, multiplied by the

                                       29
<PAGE>
                            oportionate  megabit reserved usage of such circuits
                            as ordered by Bridge under this  Agreement as of the
                            Effective Date, and further multiplied by [*]; or

                            (ii)   with  respect to the  Collection  Network and
                                   the OA Network,  the actual cost to SAVVIS as
                                   of the  Effective  Date of backbone  circuits
                                   and   associated    Backbone   Local   Access
                                   Facilities added or substituted subsequent to
                                   October 31, 1999,  and prior to the Effective
                                   Date, multiplied by [*];

                     (d)    plus the  actual  cost to Bridge  of the  additional
                            Installation  Site  Local  Access  Facilities  added
                            subsequent  to October  31,  1999,  and prior to the
                            Effective Date.

                     The  pricing  under the Local  Network  Services  Agreement
                     shall be as set forth in this  Schedule  3.1,  according to
                     the geographic  territory  applicable to such Local Network
                     Services   Agreement;   provided   that  the   pricing  for
                     Installation  Sites in Latin America and Installation Sites
                     connected to the  Networks by  satellite  shall be mutually
                     agreed upon  following  an analysis to be  conducted by the
                     parties of the costs pertaining to such Installation Sites.
                     Such pricing  shall be  determined  in a manner  reasonably
                     consistent with the pricing for other  Installation  Sites.
                     In the event that the parties are unable to reach agreement
                     on such pricing after  exercising  good faith efforts to do
                     so over a reasonable  period of time, such pricing shall be
                     determined  by  binding   arbitration  as  provided  below.
                     Charges  under each such Local Network  Services  Agreement
                     shall be billed locally, in local currency.

3.            FIRST-YEAR PRICES AT ADDITIONAL POP SITES

              3.1.   For the first  Agreement  Year in the Initial  Term of this
                     Agreement,  Bridge shall pay SAVVIS for the Networks  using
                     Additional  Network  Facilities  in the United  States,  as
                     follows:

                     (a)    [*] per month for each T1 port,  reflecting the cost
                            of equipment, hardware maintenance, the provision of
                            a diagnostic dial-up line, and the use of the SAVVIS
                            Backbone, plus

                     (b)    the  actual  charges  for  Installation  Site  Local
                            Access  Facilities,  permanent  virtual  circuits or
                            other means for connecting such Installation Site to
                            the SAVVIS POP, plus

                     (c)    the  actual  cost to  SAVVIS of  installing  at such
                            Installation  Site  the  equipment  referred  to  in
                            clause  (a)  and  the  connection   referred  to  in
                            clause (b).

                                       30
<PAGE>

       3.2.   For  the  first  Agreement  Year  in  the  Initial  Term  of  this
              Agreement,   Bridge  shall  pay  SAVVIS  for  the  Networks  using
              Additional Network Facilities in Europe, as follows:

              (a)    an amount per month to be determined on an individual  case
                     basis for each E1 port,  reflecting  the cost of equipment,
                     hardware  maintenance  and the  provision  of a  diagnostic
                     dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       3.3.   For  the  first  Agreement  Year  in  the  Initial  Term  of  this
              Agreement,   Bridge  shall  pay  SAVVIS  for  the  Networks  using
              Additional Network Facilities in Asia, as follows:

              (a)    an amount per month to be determined on an individual  case
                     basis for each E1 port,  reflecting  the cost of equipment,
                     hardware  maintenance  and the  provision  of a  diagnostic
                     dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       3.4.   In the event that Bridge wishes to attach any  additional  servers
              to a router having a single E1 port, or any fraction  thereof,  at
              any POP Site,  SAVVIS will provide such service at the rate of [*]
              per month for each such additional  server for the first Agreement
              Year in the Initial Term of this Agreement.

       3.5.   Following  the first  Agreement  Year in the Initial  Term of this
              Agreement, the rates and charges for the Networks using Additional
              Network  Facilities  at any new POP Site shall be mutually  agreed
              upon by the parties from time to time and set forth in an Addendum
              to this  Agreement  in the manner set forth in Section 1.2 of this
              Agreement and Section 9.1 of this Schedule. If the parties fail to
              reach  agreement on any such Addendum  prior to the  expiration of
              the  Addendum  then in  effect,  the  rates and  charges  shall be
              determined by binding arbitration as provided below.

                                       31
<PAGE>

4.     FIRST-YEAR PRICES FOR ADDITIONAL NON-POP SITES IN THE UNITED STATES

       4.1.   56 KBPS SITES. For the first Agreement Year in the Initial Term of
              this  Agreement,  Bridge shall pay SAVVIS for the  Networks  using
              Additional  Network  Facilities  at any  new  Non-POP  Site in the
              United States at which one or more 56 Kbps ports are provided,  as
              follows:

              (a)    [*] per month for each 56 Kbps port, reflecting the cost of
                     equipment,   hardware  maintenance,   the  provision  of  a
                     diagnostic   dial-up  line,  and  the  use  of  the  SAVVIS
                     Backbone, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       4.2.   128 KBPS SITES.  For the first  Agreement Year in the Initial Term
              of this Agreement,  Bridge shall pay SAVVIS for the Networks using
              Additional Network Facilities at any new Non-POP Site at which one
              or more 128 Kbps ports are provided, as follows:

              (a)    [*] per month for each 128 Kbps port,  reflecting  the cost
                     of  equipment,  hardware  maintenance,  the  provision of a
                     diagnostic   dial-up  line,  and  the  use  of  the  SAVVIS
                     Backbone, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       4.3.   256 KBPS SITES.  For the first  Agreement Year in the Initial Term
              of this Agreement,  Bridge shall pay SAVVIS for the Networks using
              Additional Network Facilities at any new Non-POP Site at which one
              or more 256 Kbps ports are provided, as follows:

              (a)    [*] per month for each 256 Kbps port,  reflecting  the cost
                     of  equipment,  hardware  maintenance,  the  provision of a
                     diagnostic   dial-up  line,  and  the  use  of  the  SAVVIS
                     Backbone, plus

                                       32
<PAGE>

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       4.4.   ISDN BACK-UP  LINE. In the event that Bridge wishes to use an ISDN
              back-up  line in lieu of full  redundancy  at any Non-POP  Site at
              which one or more 56 Kbps ports or 128 Kbps ports are  provided as
              Additional Network Facilities, SAVVIS will provide such service at
              the  following  rate for the first  Agreement  Year in the Initial
              Term of this Agreement:

              (a)    [*] per month for each ISDN  line,  reflecting  the cost of
                     equipment and the use of the SAVVIS Backbone, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,   permanent   virtual   circuits,   basic  rate
                     interface or other means for connecting  such  Installation
                     Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

5.     FIRST-YEAR PRICES FOR ADDITIONAL NON-POP SITES IN EUROPE

       5.1.   64 Kbps Sites. For the first Agreement Year in the Initial Term of
              this  Agreement,  Bridge shall pay SAVVIS for the  Networks  using
              Additional Network Facilities at any new Non-POP Site in Europe at
              which one or more 64 Kbps ports are provided, as follows:

              (a)    [*] per month ([*] per month in a Distributor  Country) for
                     each 64  Kbps  port,  reflecting  the  cost  of  equipment,
                     hardware  maintenance  and the  provision  of a  diagnostic
                     dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       5.2.   128 KBPS SITES.  For the first  Agreement Year in the Initial Term
              of this Agreement,  Bridge shall pay SAVVIS for the Networks using
              Additional Network

                                       33

<PAGE>

              Facilities  at any new Non-POP  Site at which one or more 128 Kbps
              ports are provided, as follows:

              (a)    [*] per month ([*] per month in a Distributor  Country) for
                     each  128 Kbps  port,  reflecting  the  cost of  equipment,
                     hardware  maintenance  and the  provision  of a  diagnostic
                     dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       5.3.   256 KBPS SITES.  For the first  Agreement Year in the Initial Term
              of this Agreement,  Bridge shall pay SAVVIS for the Networks using
              Additional Network Facilities at any new Non-POP Site at which one
              or more 256 Kbps ports are provided, as follows:

              (a)    an amount per month to be determined on an individual  case
                     basis  for  each  256  Kbps  port,  reflecting  the cost of
                     equipment,  hardware  maintenance  and the  provision  of a
                     diagnostic dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       5.4.   E1 SITES. For the first Agreement Year in the Initial Term of this
              Agreement,   Bridge  shall  pay  SAVVIS  for  the  Networks  using
              Additional Network Facilities at any new Non-POP Site at which one
              or more E1 ports are provided, as follows:

              (a)    [*] per month ([*] per month in a Distributor  Country) for
                     each E1 port,  reflecting  the cost of equipment,  hardware
                     maintenance and the provision of a diagnostic dial-up line,
                     plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

                                       34
<PAGE>

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       5.5.   ISDN BACK-UP  LINE. In the event that Bridge wishes to use an ISDN
              back-up  line in lieu of full  redundancy  at any Non-POP  Site at
              which one or more 64 Kbps ports or 128 Kbps ports are  provided as
              Additional Network Facilities, SAVVIS will provide such service at
              the  following  rate for the first  Agreement  Year in the Initial
              Term of this Agreement:

              (a)    [*] per month ([*] per month in a Distributor  Country) for
                     each ISDN line, reflecting the cost of equipment, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,   permanent   virtual   circuits,   basic  rate
                     interface or other means for connecting  such  Installation
                     Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

6.     FIRST-YEAR PRICES FOR ADDITIONAL NON-POP SITES IN ASIA

       6.1.   64 KBPS SITES. For the first Agreement Year in the Initial Term of
              this  Agreement,  Bridge shall pay SAVVIS for the  Networks  using
              Additional  Network  Facilities  at any  new  Non-POP  Site in the
              United States at which one or more 64 Kbps ports are provided,  as
              follows:

              (a)    [*] per month ([*] per month in a Distributor  Country) for
                     each 64  Kbps  port,  reflecting  the  cost  of  equipment,
                     hardware  maintenance  and the  provision  of a  diagnostic
                     dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       6.2.   128 KBPS SITES.  For the first  Agreement Year in the Initial Term
              of this Agreement,  Bridge shall pay SAVVIS for the Networks using
              Additional Network Facilities at any new Non-POP Site at which one
              or more 128 Kbps ports are provided, as follows:

                                       35
<PAGE>

              (a)    [*] per month ([*] per month in a Distributor  Country) for
                     each  128 Kbps  port,  reflecting  the  cost of  equipment,
                     hardware  maintenance  and the  provision  of a  diagnostic
                     dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       6.3.   256 KBPS SITES.  For the first  Agreement Year in the Initial Term
              of this Agreement,  Bridge shall pay SAVVIS for the Networks using
              Additional Network Facilities at any new Non-POP Site at which one
              or more 256 Kbps ports are provided, as follows:

              (a)    an amount per month to be determined on an individual  case
                     basis  for  each  256  Kbps  port,  reflecting  the cost of
                     equipment,  hardware  maintenance  and the  provision  of a
                     diagnostic dial-up line, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,  permanent  virtual circuits or other means for
                     connecting such Installation Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

       6.4.   ISDN BACK-UP  LINE. In the event that Bridge wishes to use an ISDN
              back-up  line in lieu of full  redundancy  at any Non-POP  Site at
              which one or more 56 Kbps ports or 128 Kbps ports are  provided as
              Additional Network Facilities, SAVVIS will provide such service at
              the  following  rate for the first  Agreement  Year in the Initial
              Term of this Agreement:

              (a)    [*] per month for each ISDN  line,  reflecting  the cost of
                     equipment and the use of the SAVVIS Backbone, plus

              (b)    the actual  charges  for  Installation  Site  Local  Access
                     Facilities,   permanent   virtual   circuits,   basic  rate
                     interface or other means for connecting  such  Installation
                     Site to the SAVVIS POP, plus

              (c)    the   actual   cost  to  SAVVIS  of   installing   at  such
                     Installation  Site the equipment  referred to in clause (a)
                     and the connection referred to in clause (b).

                                       36
<PAGE>

7.     REDUNDANCY AND BANDWIDTH USAGE

       7.1.   The amount due to SAVVIS from Bridge for  providing  the  Networks
              using Additional  Network  Facilities at any new Installation Site
              having  full  redundancy  will be two times the  amount  due under
              Sections  3.1,  3.2, 3.3, 4, 5 or 6 above with respect to a single
              port.

       7.2.   Bandwidth  usage of any port  provided  to Bridge by SAVVIS  under
              this Agreement, including both the Acquired Network Facilities and
              any Additional Network  Facilities,  shall not exceed 128 Kbps. In
              the event that Bridge wishes to obtain  bandwidth  usage in excess
              of 128 Kbps on any such port,  such usage shall be provided for in
              an  Addendum  hereto  mutually  agreed  upon by the parties in the
              manner set forth in Section 1.2 of the Agreement.

8.     CONVERSION TO POP SITES AND INSTALLATION OF SECOND SWITCH

       8.1.   In the  event  that the  aggregate  amount  that  would be paid by
              Bridge to SAVVIS with respect to Non-POP Sites specified by Bridge
              in a  metropolitan  area if such sites were converted to POP Sites
              equals or exceeds  the  Initial  POP  Threshold  Revenue per month
              applicable to such  metropolitan  area, then, upon written request
              from Bridge,  SAVVIS shall (i) install a switch in a SAVVIS POP in
              such  metropolitan  area  capable of being  accessed by means of a
              connection using only Installation  Site Local Access  Facilities,
              (ii) extend  the  SAVVIS  Backbone  to such  SAVVIS  POP  with two
              redundant  circuits,  and (iii) convert  such Non-POP Sites to POP
              Sites.

       8.2.   In the  event  that,  following  the  installation  by SAVVIS of a
              switch and the  conversion of Non-POP Sites to POP Sites  pursuant
              to Section 8.1 above,  the aggregate  amount that would be paid by
              Bridge to SAVVIS with  respect to  additional  Non-POP  Sites in a
              specified  metropolitan  area if such sites were  converted to POP
              Sites equals or exceeds the Subsequent  POP Threshold  Revenue per
              month  applicable to such  metropolitan  area,  then, upon written
              request from Bridge, SAVVIS shall (i) install a second switch in a
              SAVVIS POP in such  metropolitan area capable of being accessed by
              means of a connection  using only  Installation  Site Local Access
              Facilities,  (ii) connect  the two  switches by means of a circuit
              having appropriate  transmission  capacity, and (iii) convert such
              additional Non-POP Sites to POP Sites.

9.    DETERMINATION OF RATES AND CHARGES AFTER FIRST AGREEMENT YEAR

       9.1.   For each Agreement Year following the first Agreement Year of this
              Agreement,  the  rates  and  charges  for  the  Networks  and  any
              Additional Network Facilities shall be mutually agreed upon by the
              parties from time to time in an Addendum to this  Agreement in the
              manner set forth in Section 1.2 of this Agreement;  provided that,
              in Europe or Asia where the Additional  Network  Facilities charge
              does not include a Backbone component, the charge for any Backbone
              circuit in the

                                       37
<PAGE>

              Distribution Network that is not used exclusively for the carriage
              of Bridge traffic under this Agreement  shall be charged to Bridge
              according  to the actual cost to SAVVIS of such  backbone  circuit
              multiplied by the proportionate  megabit usage of such circuits by
              Bridge under this Agreement as of the Effective  Date, and further
              multiplied  by [*]. If the parties fail to reach  agreement on any
              such  Addendum  prior to the  expiration  of the Addendum  then in
              effect,  the rates and  charges  shall be  determined  by  binding
              arbitration, as follows:

       9.2.   The arbitration shall be conducted by a single arbitrator  jointly
              selected by the parties,  who shall be an attorney experienced and
              knowledgeable  in the tariffs  and  pricing of  telecommunications
              services (the "ARBITRATOR"). If the parties are unable to agree on
              the selection of the Arbitrator  within 30 days,  either party may
              apply to the United States District Court for the Eastern District
              of Missouri or to the Circuit  Court of St.  Louis  County for the
              appointment of the Arbitrator.

              (b)    Within 10 days following the appointment of the Arbitrator,
                     each party shall submit to the Arbitrator such party's best
                     and final  offer for the rates and  charges to be set forth
                     in such Addendum.

              (c)    The  Arbitrator  must  select the offer of one party or the
                     other as being closer to the Arbitrator's own assessment of
                     what  an  independent  vendor  would  charge  for  services
                     similar in nature and volume to those to be covered by such
                     Addendum (the "INDEPENDENT VENDOR PRICE").

              (d)    The decision of the  Arbitrator  shall be final and binding
                     on the parties and shall be  incorporated in this Agreement
                     as an Addendum hereto.

              (e)    Each  party  shall  bear its own  costs in  conducting  the
                     arbitration,  and the  non-prevailing  party  shall pay the
                     fees and expenses of the Arbitrator.

       9.3.   At the time any Addendum is entered into with respect to the rates
              and charges for any POP Site, the amount charged to Bridge for the
              T-1  ports at such  Installation  Site  shall be not more than the
              Independent   Vendor  Price  for  providing  such  ports  at  such
              Installation  Site,  as  mutually  agreed  by  the  parties  or as
              determined by the Arbitrator  under Sections 9.1 and 9.2,  reduced
              by [*] of the excess, if any, of the Independent  Vendor Price for
              providing  such ports over the actual cost to SAVVIS of  providing
              such ports at such Installation Site.

10.    MINIMUM ANNUAL COMMITMENT

       10.1.  If  the   aggregate   amounts   paid  by  Bridge  and  the  Bridge
              Subsidiaries  to  SAVVIS  and  the  SAVVIS  Subsidiaries  for  the
              Networks  hereunder for any Agreement Year during the Initial Term
              of this Agreement,  using not only the Acquired Network Facilities
              but also  any  Additional  Network  Facilities,  is less  than the
              Minimum Annual  Commitment (as defined below),  then the amount of
              such

                                       38
<PAGE>
              deficiency  shall be payable by Bridge to SAVVIS  upon the receipt
              by Bridge of an invoice therefor,  in accordance with Section 5 of
              the Agreement.

       10.2.  The "MINIMUM ANNUAL COMMITMENT" shall mean:

              (a)    With respect to the first Agreement Year during the Initial
                     Term,  the amount set forth in Section 2.1 of this Schedule
                     3.1;

              (b)    With  respect  to the  second  Agreement  Year  during  the
                     Initial  Term,  110% of the amount set forth in Section 2.1
                     of this Schedule 3.1;

              (c)    With respect to the third Agreement Year during the Initial
                     Term,  120% of the amount set forth in Section  2.1 of this
                     Schedule 3.1;

              (d)    With respect to the fourth, fifth and sixth Agreement Years
                     during  the  Initial  Term,  an amount  equal to 80% of the
                     total  amount  paid by Bridge and all  Bridge  Subsidiaries
                     during such Agreement Year to SAVVIS,  SAVVIS  Subsidiaries
                     and third parties for Internet  Protocol backbone and other
                     data transport services;

              (e)    With  respect  to the  seventh,  eighth,  ninth  and  tenth
                     Agreement Years during the Initial Term, an amount equal to
                     60% of the  total  amount  paid by  Bridge  and all  Bridge
                     Subsidiaries  during such Agreement Year to SAVVIS,  SAVVIS
                     Subsidiaries  and  third  parties  for  Internet   Protocol
                     backbone and other data transport services.

       10.3.  With respect to the fourth  Agreement Year and each Agreement Year
              thereafter,  SAVVIS shall have the right, at reasonable  times and
              on  reasonable  notice,  but not more often  than once  during any
              Agreement  Year,  to audit the books and records of Bridge and the
              Bridge Subsidiaries in order to determine the total amount paid by
              Bridge and the Bridge  Subsidiaries  during an  Agreement  Year to
              SAVVIS,   SAVVIS  Subsidiaries  and  third  parties  for  Internet
              Protocol backbone and other data transport  services.  Such audits
              may be conducted either by SAVVIS personnel or by outside auditors
              retained  by SAVVIS for such  purpose,  subject to the  consent of
              Bridge  to  such  outside   auditors,   such  consent  not  to  be
              unreasonably  withheld or delayed.  Such audits shall be conducted
              at the expense of SAVVIS,  including any additional cost to Bridge
              in obtaining the cooperation of Bridge's outside auditors that may
              be  required;  provided,  that if the actual  total amount paid by
              Bridge and the Bridge  Subsidiaries  during an  Agreement  Year to
              SAVVIS,   SAVVIS  Subsidiaries  and  third  parties  for  Internet
              Protocol backbone and other data transport  services is determined
              by such audit to be 105% or more of the amount  initially  claimed
              by Bridge with respect to such  Agreement  Year,  then the cost of
              such audit shall be borne by Bridge.

                                       39
<PAGE>

           CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THIS SCHEDULE
         PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAVE BEEN
          FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
                           ASTERISKS DENOTE OMISSIONS.

                                       40
 <PAGE>
                                 SCHEDULE 3.1-A

                               ACTUAL COST AMOUNTS

              1.     The  parties  agree  that  the  actual  cost to  Bridge  of
                     operating   the  Networks  as  of  October  31,  1999,   is
                     $__________________.

              2.     The  parties  agree that the  actual  cost to Bridge of the
                     employees   transferred  from  Bridge  to  SAVVIS  for  the
                     operation of the  Networks,  determined on the basis of the
                     actual salaries of such employees, is $_____________.

              3.     SAVVIS  shall have the right,  at  reasonable  times and on
                     reasonable notice, to audit the books and records of Bridge
                     in order to verify the  amounts set forth in  paragraphs  1
                     and 2 above. Such audits shall be conducted within 120 days
                     after the Effective  Date,  and may be conducted  either by
                     SAVVIS personnel or by outside auditors  retained by SAVVIS
                     for such purpose,  subject to the consent of Bridge to such
                     outside  auditors,  such  consent  not  to be  unreasonably
                     withheld or delayed.  Such audits shall be conducted at the
                     expense of SAVVIS,  including any additional cost to Bridge
                     in obtaining the cooperation of Bridge's  outside  auditors
                     that may be required.

                                       41
<PAGE>
                                  SCHEDULE 5.2

                        INSTALLATION SITE REMOVAL AMOUNTS

       Amounts by which each  monthly  invoice  from  SAVVIS to Bridge  shall be
       reduced  resulting  from the removal of a  particular  Installation  Site
       shall be as follows  during the first  Agreement  Year,  according to the
       connection  speed  at  such  Installation   Site,  plus  (other  than  in
       Distributor  Countries)  the actual charges for  Installation  Site Local
       Access  Facilities,   permanent  virtual  circuits  or  other  means  for
       connecting such Installation Site to the SAVVIS POP:
<TABLE>
<CAPTION>

       United States:

                               INSTALLATION SITES       INSTALLATION SITES
                                 EXISTING AS OF             ADDED AFTER
        CONNECTION SPEED       THE EFFECTIVE DATE       THE EFFECTIVE DATE
            <S>                     <C>                      <C>
               T1                     [*]                      [*]

             256 Kbs                  [*]                      [*]

             128 Kbs                  [*]                      [*]

              56 Kbs                  [*]                      [*]

               ISDN                   [*]                      [*]

<CAPTION>

         Europe:
                               INSTALLATION SITES       INSTALLATION SITES
                                     AS OF                  ADDED AFTER        DISTRIBUTOR
        CONNECTION SPEED       THE EFFECTIVE DATE       THE EFFECTIVE DATE       COUNTRY
            <S>                      <C>                      <C>                 <C>
             256 Kbs                  [*]                      [*]                 [*]

             128 Kbs                  [*]                      [*]                 [*]

              64 Kbs                  [*]                      [*]                 [*]

               ISDN                   [*]                      [*]                 [*]

                E1                    [*]                      [*]                 [*]

</TABLE>

                                       42
<PAGE>
<TABLE>
<CAPTION>

         Asia:

                               INSTALLATION SITES       INSTALLATION SITES
                                     AS OF                  ADDED AFTER        DISTRIBUTOR
        CONNECTION SPEED         EFFECTIVE DATE           EFFECTIVE DATE        COUNTRY
             <S>                      <C>                      <C>                 <C>
             256 Kbs                  [*]                      [*]                 [*]

             128 Kbs                  [*]                      [*]                 [*]

              64 Kbs                  [*]                      [*]                 [*]

               ISDN                   [*]                      [*]                 [*]

                E1                    [*]                      [*]                 [*]

</TABLE>

           CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THIS SCHEDULE
         PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAVE BEEN
          FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
                           ASTERISKS DENOTE OMISSIONS.

                                       43
<PAGE>
                                    EXHIBIT A
                          TO NETWORK SERVICES AGREEMENT

                                  FORM OF LOCAL
                           NETWORK SERVICES AGREEMENT

       This LOCAL NETWORK SERVICES  AGREEMENT (the  "Agreement") is effective as
of  ___________,  2000 (the "Effective  Date") between [local SAVVIS entity],  a
[limited liability company] incorporated under the laws of [country ] ("SAVVIS")
and [local  Bridge/Telerate  entity], a [limited liability company] incorporated
under the laws of [country] ("Customer").

                                    RECITALS

       A.  Customer is engaged in the business of  collecting  and  distributing
various financial, news and other data in [country] (the "JURISDICTION").

       B.  SAVVIS is engaged in the  business  of  providing  Internet  Protocol
backbone and other data transport services in the Jurisdiction.

       C. SAVVIS  Communications  and  [Bridge  Parent]/[Telerate  Parent]  have
entered into the Network  Services  Agreement  for the  provision and receipt of
similar services on a world-wide basis at the parent level as are being provided
and received by the parties to this Agreement within the Jurisdiction.

       D.  Together with this  Agreement,  SAVVIS is entering into certain other
agreements  with  Customer,  or  Affiliates  of the  Customer,  related to their
operations in the Jurisdiction,  including Local Transfer Agreements,  Equipment
Collocation Permits, and Local Administrative Services Agreements.

       NOW,  THEREFORE,  in  consideration  of  the  premises,  and  the  mutual
covenants  contained  herein and of other good and valuable  consideration,  the
receipt and  adequacy  of which are hereby  acknowledged,  the parties  agree as
follows:

1.     CONTRACT DOCUMENTS AND DEFINITIONS

       1.1.   This  Agreement  shall  consist  of this  Local  Network  Services
              Agreement  by and  between  SAVVIS  and  Customer,  including  all
              addenda  to this  Agreement  entered  into in the manner set forth
              herein (each an "ADDENDUM" and collectively  the "ADDENDA").  This
              Agreement  shall  be  interpreted   wherever   possible  to  avoid
              conflicts  between the Sections  hereof and the Addenda,  provided
              that if such a conflict shall arise, the Addenda shall control.

       1.2.   Whenever  it is  provided  in this  Agreement  for a matter  to be
              mutually  agreed  upon by the parties and set forth in an Addendum
              to this  Agreement,  either  party may  initiate  the  process  of
              determining such matter by submitting a proposed

                                       1
 <PAGE>

              outline or contents  of such  Addendum  to the other  party.  Each
              party shall appoint a primary contact and a secondary  contact for
              the completion of such  Addendum,  who shall be the contact points
              for every issue concerning such Addendum and who shall be informed
              of the progress of the project.  The names of the contacts will be
              exchanged  in  writing by the  parties.  Using the  contacts,  the
              parties shall work  together in good faith with such  diligence as
              shall  be  commercially  reasonable  under  the  circumstances  to
              complete  such  Addendum,  provided,  however,  that neither party
              shall  be  obligated  to enter  into  such an  Addendum.  Upon the
              completion  of such  Addendum,  it shall be set forth in a written
              document  and  executed by the parties and shall  become a part of
              this  Agreement and shall be deemed to be  incorporated  herein by
              reference.

       1.3.   Whenever  used in this  Agreement,  the words and  phrases  listed
              below shall have the meanings  given below,  and all defined terms
              shall include the plural as well as the singular. Unless otherwise
              stated,  the words  "herein",  "hereunder" and other similar words
              refer to this Agreement as a whole and not to a particular Section
              or other  subdivision.  The words "included" and "including" shall
              not be construed  as terms of  limitation.  Capitalized  terms not
              otherwise  defined herein have the meanings assigned to such terms
              in the Network Services Agreement.

              "ACQUIRED  NETWORK  FACILITIES" means the assets and contracts for
              the  provision  of  Internet  Protocol  backbone  and  other  data
              transport  services within the Jurisdiction to the extent acquired
              by  SAVVIS  pursuant  to  the  Local  Transfer  Agreement  between
              Customer, or Affiliates of the Customer, and SAVVIS.

              "ADDITIONAL  NETWORK FACILITIES" means any assets and contracts of
              SAVVIS for the provision of Internet  Protocol  backbone and other
              data   transport   services   other  than  the  Acquired   Network
              Facilities.

              "AFFILIATE"  has  the  meaning  set  forth  in Rule  12b-2  of the
              regulations promulgated under the Securities Exchange Act of 1934,
              as amended.

              "AGREEMENT  YEAR"  means a period  of 12 months  beginning  on the
              Effective Date and each subsequent anniversary thereof.

              ["BRIDGE  PARENT"  means  Bridge  Information  Systems,   Inc.,  a
              Missouri corporation, and its successors and assigns.]

              "CONFIDENTIAL  INFORMATION"  means all information  concerning the
              business of  Customer,  SAVVIS or any third  party doing  business
              with  either of them that may be  obtained  from any source (i) by
              SAVVIS  by virtue  of its  performance  under  this  Agreement  or
              (ii) by  Customer  by  virtue  of its  use of the  Networks.  Such
              information  shall also include the terms of this  Agreement  (and
              negotiations  and  proposals  from one party to the other  related
              directly  thereto),  network  designs and design  recommendations,
              tools and programs, pricing, methods,  processes,  financial data,
              software,  research,  development,   strategic  plans  or  related

                                       2
<PAGE>

              information. All such information disclosed prior to the execution
              of  this   Agreement   shall  also  be   considered   Confidential
              Information   for   purposes  of  this   Agreement.   Confidential
              Information shall not include information that:

                     (a)    is already  rightfully  known to the receiving party
                            at the time it is obtained by such party,  free from
                            any    obligation    to   keep   such    information
                            confidential; or

                     (b)    is or becomes publicly known through no wrongful act
                            of the receiving party; or

                     (c)    is rightfully received by the receiving party from a
                            third party without  restriction  and without breach
                            of this Agreement.

              "CUSTOMER"  means  [local  Bridge/Telerate   entity],  a  [limited
              liability company]  incorporated under the laws of [country],  and
              its successors and assigns.

              "EFFECTIVE  DATE" means the date set forth in the Preamble of this
              Agreement.

              "EVENT OF DEFAULT BY SAVVIS" has the meaning assigned to such term
              in Section 7.1 of this Agreement.

              "INITIAL TERM" means a period of ten  consecutive  Agreement Years
              beginning on the Effective Date.

              "INSTALLATION  SITE" means any  facility of Customer or of vendors
              or  customers  of Customer at which one or more of the Networks is
              installed.

              "LOCAL  EXCHANGE  CARRIER"  means  the  local   telecommunications
              provider(s)  from which SAVVIS leases the lines it makes available
              to Customer.

              "LOCAL  [TELERATE]/[BRIDGE]  NETWORK  SERVICES  AGREEMENT" means a
              local network  services  agreement  pursuant to which SAVVIS shall
              provide  Internet  Protocol  backbone  and  other  data  transport
              services to an  Affiliate  of  [Telerate  Parent]/[Bridge  Parent]
              operating in the Jurisdiction.

              "MARKET HOURS" means,  with respect to any Installation  Site, the
              period  of time  beginning  two  hours  before  the  time at which
              trading  opens on the principal  securities  exchange or automated
              quotation  system  designated  by Customer in writing from time to
              time as being used by the  purchasers and sellers of securities at
              such  Installation  Site,  and ending two hours  after the time at
              which such trading ceases to be conducted.

              "NETWORK" and "NETWORKS"  have the meaning  assigned to such terms
              in Section 2.1 of this Agreement.

                                       3
<PAGE>

              "NETWORK SERVICES  AGREEMENT" means the Network Services Agreement
              between  SAVVIS   Communications  and  [Bridge   Parent]/[Telerate
              Parent], effective as of _________, 2000.

              "POP" means point-of-presence.

              "QUALITY  OF  SERVICE  STANDARDS"  means  the  standards  for  the
              performance of the Networks contained in Schedule 2.2 hereto or an
              Addendum to this Agreement.

              "SAVVIS"  means  [local  SAVVIS  entity],   a  [limited  liability
              company]  incorporated  under  the  laws of  [country  ],  and its
              successors and assigns.

              "SAVVIS COMMUNICATIONS" means SAVVIS Communications Corporation, a
              Missouri corporation, its successors and assigns.

              "SECURITIES  EXCHANGE  ACT"  means the  United  States  Securities
              Exchange Act of 1934, as amended.

              "TAIL  CIRCUIT"  means  the  access  line or other  communications
              circuit from the SAVVIS POP to an Installation Site.

              ["TELERATE  PARENT"  means  Telerate  Holdings,  Inc.,  a Delaware
              corporation, and its successors and assigns.]

              "TRANSITION  PERIOD"  has the  meaning  assigned  to such  term in
              Section 6.3 of this Agreement.

2.     THE NETWORKS AND QUALITY OF SERVICE STANDARDS

       2.1.   SAVVIS agrees to use the Acquired Network Facilities to provide to
              Customer the following  managed  packet-data  transport  networks,
              including the operation, management and maintenance thereof:

              (a)    that portion of a global office-automation  network located
                     in the  Jurisdiction,  providing  connectivity  between the
                     offices of Customer, Bridge Parent and Affiliates of Bridge
                     Parent (the "OA NETWORK"),

              (b)    that portion of a global data collection network located in
                     the Jurisdiction (the "COLLECTION NETWORK") and

              (c)    that portion of a global data distribution  network located
                     in the Jurisdiction (the "DISTRIBUTION NETWORK"),

              which shall be referred to in this Agreement  collectively  as the
              "NETWORKS" and individually as a "NETWORK."

                                       4
<PAGE>

       2.2.   Each Network shall be operated,  managed and maintained by SAVVIS.
              SAVVIS  may,  but shall not be  obligated  to, use  facilities  of
              SAVVIS other than the Acquired  Network  Facilities to provide all
              or any part of any Network.  Beginning on the first anniversary of
              the Effective Date and thereafter, each Network shall be operated,
              managed  and  maintained  by SAVVIS  according  to the  Quality of
              Service  Standards  set forth in Schedule  2.2 hereof,  and SAVVIS
              shall  be  responsible  for  monitoring  the  performance  of  the
              Networks  with  respect to the  Quality of Service  Standards  and
              shall provide  Customer with monthly reports of such  performance.
              If the Quality of Service  Standards are not met with respect to a
              particular  Installation  Site in any  month,  Customer  shall  be
              entitled to receive,  upon written  request by Customer  within 30
              days  of  its   receipt  of  the   performance   report  for  such
              Installation Site for such month, a credit in the amount set forth
              on Schedule 2.2 attached  hereto,  which amount shall be deemed to
              be one month's charges  applicable to such Installation Site under
              this Agreement with respect to such month; provided, however, that
              Customer  shall not be  entitled to such credit to the extent that
              the failure to meet the Quality of Service  Standards with respect
              to  such  Installation  Site is due to (i) an act or  omission  of
              Customer or a vendor or customer of Customer or  (ii) equipment or
              software  used by Customer  and not  provided by SAVVIS.  Not more
              than one  credit  of one  month's  charges  shall  be given  for a
              particular  Installation  Site  for a  particular  month.  For all
              purposes  of this  Agreement,  including  without  limitation  the
              determination  of an Event of Default by  SAVVIS,  the  Quality of
              Service Standards applicable to a particular  Installation Site in
              any month shall be deemed to have been met unless Customer, within
              30  days  of  its  receipt  of the  performance  report  for  such
              Installation Site for such month,  requests in writing a credit as
              set forth above with  respect to such  Installation  Site for such
              month.

       2.3.   [Intentionally omitted.]

       2.4.   In providing  Additional Network Facilities,  SAVVIS agrees to use
              its best efforts to expedite the  provisioning of the circuits for
              such  Additional  Network  Facilities in those  instances in which
              SAVVIS is responsible for provisioning  such circuits,  and to use
              its  best  efforts  to  avoid  single  points  of  failure  in the
              engineering   design  of  such  Additional   Network   Facilities,
              consistent   with  the  level  of  redundancy   specified  in  the
              applicable Addendum.

       2.5.   Throughout  the  term  of this  Agreement,  SAVVIS  shall  use its
              reasonable  best  efforts  to  continue  to meet the  requests  of
              Customer to enhance the total capacity,  geographic  extension and
              performance quality of the Networks,  and to maintain its research
              and  development  effort at a level  appropriate  to  sustain  the
              ability of  Customer to compete on the basis of the quality of the
              Networks.

                                       5
<PAGE>

3.     RATES AND CHARGES

       3.1.   Customer  shall pay SAVVIS  for the  Networks  using the  Acquired
              Network Facilities and Additional Network Facilities  according to
              the rates and  charges  set forth in  Schedule  3.1 of the Network
              Services Agreement.

       3.2.   The parties  recognize  that certain  savings might be obtained by
              consolidating  the  multiple  Local  Access  Facilities  that  are
              provided at such building  locations on the Effective Date. In the
              event  that  SAVVIS   consolidates   the  multiple   Local  Access
              Facilities at one or more of such  building  locations and obtains
              cost savings as a result thereof,  the parties will mutually agree
              within 30 days following such consolidation on the manner in which
              such savings shall be shared as follows:

                     (a)    between  SAVVIS and Customer,  if only Customer uses
                            those consolidated Local Access Facilities; or

                     (b)    between  SAVVIS,   Customer  and  the  Affiliate  of
                            [Telerate Parent]/[Bridge Parent] that is a party to
                            the  Local   [Telerate]/[Bridge]   Network  Services
                            Agreement,  if both Customer and such  Affiliate use
                            those consolidated Local Access Facilities.

       3.3.   For any  Installation  Site to which SAVVIS is providing  services
              both under this Agreement and a Local [Telerate]/[Bridge]  Network
              Services  Agreement,  the rates  and  charges  applicable  to such
              Installation  Site under this  Agreement  shall be one-half of the
              rates and  charges  that would  otherwise  be  applicable  to such
              Installation Site under this Agreement.

4.     PROVISION OF TAIL CIRCUITS

       4.1.   SAVVIS shall use its reasonable  efforts to provide a Tail Circuit
              to Customer by  contracting  with the Local  Exchange  Carrier for
              access to the Tail  Circuit  and  causing  the Tail  Circuit to be
              operated,  managed,  and maintained as necessary to provide access
              thereto to  Customer.  SAVVIS  does not  guarantee  or warrant the
              performance  of the Tail Circuit or the  performance  by the Local
              Exchange  Carrier of its  obligations  under any contract  between
              SAVVIS  and  the  Local  Exchange  Carrier,  applicable  laws  and
              regulations, or standards of the industry.

       4.2.   Customer  shall  not use the Tail  Circuit  in any way that  might
              cause  SAVVIS to  violate  the terms and  conditions  under  which
              access to the Tail  Circuit  is  provided  by the  Local  Exchange
              Carrier,   whether  such  terms  and  conditions  be  contractual,
              regulatory, or other.

       4.3.   Customer  shall be  responsible  for only that  portion of SAVVIS'
              costs attributable to Customer's own access to and use of the Tail
              Circuit.  In the event that  SAVVIS  provides  access to any third
              party or parties,  Customer  and SAVVIS will

                                       6
<PAGE>

              follow the  procedure  set forth in Section  1.2 above in order to
              establish a mutually agreed upon method or formula for determining
              the  amount to be charged to  Customer,  generally  based on a pro
              rata allocation of SAVVIS' total costs among all its customers and
              other   relevant   considerations   and/or  fair  and   reasonable
              adjustments in light of the circumstances at that time.

5.     INVOICES

       5.1.   The  amounts  due to SAVVIS from  Customer  for the  installation,
              operation,  management  and  maintenance  of the Networks shall be
              billed  monthly in advance.  All items on invoices not the subject
              of a bona fide  dispute  shall be  payable  by  Customer  in legal
              currency of [jurisdiction] within 30 days from the date of receipt
              of the invoice. All amounts not in dispute are subject to interest
              charges of 1-1/2 percent that will accrue daily on all amounts not
              paid within 30 days of the date of receipt of the invoice.

       5.2.   At any time and from time to time, Customer may, by written notice
              to SAVVIS,  have one or more  Installation  Sites removed from the
              Networks.  Each  monthly  invoice  from SAVVIS to  Customer  shall
              reflect a  reduction  in the amount  charged to  Customer  for the
              Networks resulting from any such removal of Installation Sites. In
              the  case of any  Installation  Site  removed  from  the  Acquired
              Network Facilities, such reduction shall be the sum of:

                     (a)    the  actual  cost  of the  Local  Access  Facilities
                            connecting the Acquired  Network  Facilities to such
                            Installation  Site,  effective  as of  such  time as
                            SAVVIS is no longer required to pay such costs, and

                     (b)    the amounts set forth on Schedule 5.2 of the Network
                            Services  Agreement,  which  are  deemed  to be  one
                            month's charges applicable to such Installation Site
                            under  this  Agreement  with  respect  to such month
                            during the first  Agreement  Year,  according to the
                            geographic  location  and  connection  speed at such
                            Installation Site, effective as of such time as such
                            Installation Site is disconnected from the Networks.

       5.3.   Customer shall pay any sales, use, federal excise,  utility, gross
              receipts,  state and local  surcharges,  value  added and  similar
              taxes,  charges or levies  lawfully  levied by a duly  constituted
              taxing authority against or upon the Networks. In the alternative,
              Customer  shall  provide  SAVVIS  with  a  certificate  evidencing
              Customer's  exemption from payment of or liability for such taxes.
              All other  taxes,  charges or levies,  including  any ad  valorem,
              income,  franchise,  privilege or occupation taxes of SAVVIS shall
              be paid by SAVVIS.

       5.4.   Bona fide disputes  concerning  invoices  shall be referred to the
              parties' respective  representatives who are authorized to resolve
              such matters. Any amount to which Customer is entitled as a result
              of the resolution of a billing dispute shall be credited  promptly
              to Customer's account. Any amount to which SAVVIS is

                                       7
<PAGE>

              entitled as a result of the resolution of a billing  dispute shall
              be paid promptly to SAVVIS.

       5.5.   Against  the  amounts  owed  by  Customer  to  SAVVIS  under  this
              Agreement,  Customer  shall have the right to offset  any  amounts
              owed by SAVVIS to Customer  under this  Agreement,  or  otherwise,
              including without  limitation any amounts paid by Bridge Parent on
              behalf of SAVVIS under  guarantees by Bridge Parent of obligations
              of SAVVIS.

6.     TERM AND EXTENSIONS

       6.1.   This  Agreement  shall  commence on the  Effective  Date and shall
              continue  in full  force and effect for the  Initial  Term  unless
              terminated or extended in accordance with the provisions hereof.

       6.2.   The term of this  Agreement  may be extended  by Customer  for one
              additional  five-year  period by giving SAVVIS  written notice not
              less than one year before the scheduled  expiration of the Initial
              Term.

       6.3.   Upon the  termination  of this  Agreement in  accordance  with its
              scheduled  expiration or by Customer pursuant to Section 7, SAVVIS
              will continue to provide the Networks in accordance with the terms
              and conditions  herein  (excluding the Minimum Annual  Commitment)
              for a period  of up to five  years  after  the  effective  date of
              termination  (the  "TRANSITION  PERIOD").  During  the  Transition
              Period,  Customer  shall pay SAVVIS for the use of the Networks at
              the rates in  effect  at the  effective  date of  termination.  If
              Customer  has  not  completely  transitioned  from  its use of the
              Networks  after the  Transition  Period,  SAVVIS will  provide the
              Networks  at  SAVVIS'  then  current  list  rates.  SAVVIS and its
              successor   will   cooperate  with  Customer  until  Customer  has
              completely migrated to another provider.

       6.4.   The above provisions of this Section 6  notwithstanding,  the term
              of this  Agreement,  including  the Initial Term and any extension
              provided  under Section 6.2, and the  Transition  Period shall not
              extend  beyond the term or the  transition  period of the  Network
              Services Agreement.

7.     TERMINATION BY CUSTOMER

       7.1.   An "EVENT OF DEFAULT BY SAVVIS" shall be deemed to occur if:

              (a)    SAVVIS has failed to a material degree to perform or comply
                     with or has violated any material representation, warranty,
                     term,   condition  or   obligation  of  SAVVIS  under  this
                     Agreement,  and SAVVIS  has failed to cure such  failure or
                     violation  within 60 days after  receiving  notice  thereof
                     from Customer; or

                                       8
 <PAGE>

              (b)    SAVVIS  becomes the subject of a voluntary  or  involuntary
                     bankruptcy,   insolvency,   reorganization  or  liquidation
                     proceeding,   makes  an  assignment   for  the  benefit  of
                     creditors,  or admits in writing its inability to pay debts
                     when due; or

              (c)    an Event of  Default  by  SAVVIS  occurs  under  the  Local
                     [Telerate]/[Bridge]  Network  Services  Agreement or SAVVIS
                     Communications  defaults  under  the  terms of the  Network
                     Services Agreement.

       7.2.   Customer shall have the right to terminate this Agreement, with no
              liability  to SAVVIS other than for charges  (less any  applicable
              credits) for the Networks provided prior to such termination, if:

              (a)    Customer  provides  written  notice to SAVVIS,  at any time
                     after the  ninth  anniversary  of the  Effective  Date,  of
                     Customer's  intent to  terminate,  such  termination  to be
                     effective not less than one year following the date of such
                     notice; or

              (b)    Customer  provides 10 days written  notice of its intent to
                     terminate  in the event  that an Event of Default by SAVVIS
                     occurs.

       7.3.   For  purposes  of  Section  7.1(a),  if  the  Quality  of  Service
              Standards  are not met with respect to a  particular  Installation
              Site in any  month,  SAVVIS  shall be  deemed to have  cured  such
              failure within 60 days if the Quality of Service Standards are met
              with respect to such Installation Site in the following month. The
              parties  acknowledge  and agree that the failure of the Quality of
              Service   Standards  to  be  met  with  respect  to  one  or  more
              Installation  Sites  in one or  more  months  may,  but  does  not
              necessarily,  constitute a failure by SAVVIS to a material  degree
              to perform or comply with or a violation  to a material  degree of
              any  material   representation,   warranty,   term,  condition  or
              obligation of SAVVIS under this Agreement.

       7.4.   As provided in Section 2.2,  for all  purposes of this  Agreement,
              including  without  limitation  the  determination  of an Event of
              Default  by SAVVIS  under  this  Section,  the  Quality of Service
              Standards  applicable  to a  particular  Installation  Site in any
              month shall be deemed to have been met unless Customer,  within 30
              days  of  its   receipt  of  the   performance   report  for  such
              Installation Site for such month,  requests in writing a credit as
              set forth in Section 2.2 with  respect to such  Installation  Site
              for such month.

8.     TERMINATION BY SAVVIS

       8.1.   SAVVIS shall have the right to terminate this Agreement if:

                                       9
<PAGE>

              (a)    Customer  has  failed  to pay any  invoice  that is not the
                     subject of a bona fide  dispute  within 60 days of the date
                     on  which  such  payment  is due and  SAVVIS  has  provided
                     Customer  with  written  notice   thereof,   provided  that
                     Customer  shall  have a  further  30 days  from the time it
                     receives  such notice from SAVVIS of nonpayment to cure any
                     such default;

              (b)    SAVVIS  provides  10 days  written  notice of its intent to
                     terminate in the event that  Customer has failed to perform
                     or comply with or has violated any material representation,
                     warranty,  term,  condition or obligation of Customer under
                     this  Agreement,  and  Customer  has  failed  to cure  such
                     failure or violation  within 60 days after receiving notice
                     thereof from SAVVIS; or

              (c)    Customer  becomes the subject of a voluntary or involuntary
                     bankruptcy,   insolvency,   reorganization  or  liquidation
                     proceeding,   makes  an  assignment   for  the  benefit  of
                     creditors,  or admits in writing its inability to pay debts
                     when due; or

              (d)    SAVVIS   becomes    entitled   to   terminate   the   Local
                     [Telerate]/[Bridge]  Network  Services  Agreement or SAVVIS
                     Communications  becomes  entitled to terminate  the Network
                     Services Agreement.

       8.2.   Notwithstanding  the  provisions of Section  8.1(b) above,  SAVVIS
              shall not have the right to terminate this Agreement under Section
              8.1(b) solely for a failure by Customer to perform or comply with,
              a violation  by Customer  of, the  obligations  of Customer  under
              Section 15 (Confidentiality) of this Agreement, without prejudice,
              however,  to such  rights  as  SAVVIS  may have  pursuant  to such
              Section  and to such rights and  remedies  to which  SAVVIS may be
              entitled,  at law or in  equity,  as the  result  of an  actual or
              threatened breach by Customer of such Section.

9.     ACCEPTANCE OF ADDITIONAL NETWORK FACILITIES

       9.1.   Upon the  installation  of  Additional  Network  Facilities at any
              Installation  Site,  SAVVIS  shall  conduct  appropriate  tests to
              establish  that such  Additional  Network  Facilities  perform  in
              accordance   with  mutually   agreed  upon   acceptance   criteria
              ("ACCEPTANCE  CRITERIA")  set  forth  in the  applicable  Addendum
              entered into  pursuant to Section 2.4, and shall  promptly  inform
              Customer  of such  test  results.  If test  results  show that the
              Additional  Network  Facilities are performing in accordance  with
              the  Acceptance  Criteria,  Customer shall be deemed to accept the
              Additional   Network   Facilities   at   the   Installation   Site
              immediately.

       9.2.   If SAVVIS' tests establish that newly installed Additional Network
              Facilities at the  Installation  Site do not perform in accordance
              with the mutually  agreed upon  Acceptance  Criteria,  then SAVVIS
              shall  immediately and diligently  exert its best efforts to bring
              the Additional  Network  Facilities at such Installation Site into

                                       10
 <PAGE>

              compliance.  SAVVIS  shall not bill  Customer  for the  Additional
              Network  Facilities  at such  Installation  Site  until  the  test
              results show that the Additional Network Facilities are performing
              in accordance with the Acceptance Criteria.

       9.3.   Upon repair or  restoration  of any part of the  Networks,  SAVVIS
              shall  conduct  appropriate  tests to establish  that the Networks
              perform  in  accordance   with  mutually  agreed  upon  Acceptance
              Criteria and shall promptly inform Customer of such test results.

10.    RIGHTS AND OBLIGATIONS OF CUSTOMER

       10.1.  SITE  PREPARATION.  For the  installation  of  Additional  Network
              Facilities,  Customer  shall,  at its  own  expense,  provide  all
              necessary  preparations  of each  Installation  Site in accordance
              with the  requirements  to be mutually  agreed upon by the parties
              and set forth in an  Addendum  hereto,  including  inside  wiring,
              demarcation  extension and rack mount accessories.  Customer shall
              ensure  that   Customer-provided   equipment  is  on-site  by  the
              scheduled  installation  date. If SAVVIS is required to reschedule
              the installation of Customer-provided  equipment because it is not
              on-site by the scheduled  installation  date,  Customer  shall pay
              SAVVIS to redispatch installation personnel.

       10.2.  PROPER USE OF NETWORKS.

              10.2.1.Customer  shall  use any  equipment  provided  by SAVVIS in
                     connection   with  the  Networks  in  accordance  with  its
                     documentation,  which  documentation  shall be  provided by
                     SAVVIS at no additional  charge.  Unless otherwise provided
                     herein,  upon the  termination of this  Agreement  Customer
                     shall surrender to SAVVIS the equipment provided by SAVVIS,
                     in good working order, ordinary wear and tear excepted.

              10.2.2.Customer  shall  be  liable  for  damages  to the  Networks
                     caused by the  negligence  or willful  acts or omissions of
                     Customer's officers,  employees, agents or contractors, for
                     loss  through  theft or  vandalism  of the  Networks at the
                     Installation  Site, and for damages to the Networks  caused
                     by the use of equipment or supplies not provided  hereunder
                     or not otherwise authorized by SAVVIS.

              10.2.3.Customer  shall neither permit nor assist others to use the
                     Networks for any purpose other than that for which they are
                     intended,  nor  fail to  maintain  a  suitable  environment
                     specified by SAVVIS in the applicable schedule,  nor alter,
                     tamper  with,  adjust  or  repair  the  Networks.  Any such
                     alteration,  tampering,  adjustment  or repair by  Customer
                     shall  relieve  SAVVIS  from any  liability  or  obligation
                     hereunder (including any warranty or indemnity  obligation)
                     relating to the affected  Network,  and  Customer  shall be
                     liable to SAVVIS for any  documented  direct costs incurred
                     by SAVVIS as a result of such actions.

                                       11
<PAGE>

       10.3.  ABUSE OR FRAUDULENT USE OF NETWORKS. Customer shall neither permit
              nor assist others to abuse or fraudulently use the Networks, or to
              use  the  Networks  for  any  unauthorized  or  illegal  purposes,
              including:

              (a)    obtaining or attempting to obtain service by any fraudulent
                     means or device to avoid payment; or

              (b)    accessing,   altering  or  destroying  any  information  of
                     another  party  by  any  fraudulent  means  or  device,  or
                     attempting to do so; or

              (c)    using the Networks so as to  interfere  with the use of the
                     SAVVIS  network by other  SAVVIS  customers  or  authorized
                     users or in  violation of law or in support of any unlawful
                     act; or

              (d)    using the Networks for voice  communications over a private
                     network in jurisdictions where such use is not allowed.

              Notwithstanding  the  provisions  of Section 8, upon the breach of
              this  Section  10.3 by  Customer,  SAVVIS  shall have the right to
              terminate  this  Agreement  immediately  upon  written  notice  to
              Customer.

       10.4.  COVENANT NOT TO COMPETE.

              10.4.1.As an  inducement  to SAVVIS to enter into this  Agreement,
                     which  Customer  acknowledges  is of  benefit to it, and in
                     consideration of the promises and representations of SAVVIS
                     under this  Agreement,  Customer  covenants and agrees that
                     during the term of this  Agreement and for a period of five
                     years   thereafter,   neither   Customer  nor  any  of  its
                     successors or assigns will, directly or indirectly,  engage
                     in,  or  have  any  interest  in any  other  person,  firm,
                     corporation  or  other  entity  engaged  in,  any  business
                     activities  anywhere  in  the  world  competitive  with  or
                     similar  or related to the  packet-data  transport  network
                     services provided by SAVVIS under this Agreement; provided,
                     however, that (i) Customer shall be free to continue to use
                     the Call Assets and the satellite  networks  currently used
                     by Customer,  until such Call Assets or satellite  networks
                     have been  acquired  by SAVVIS,  SAVVIS  Communications  or
                     Affiliates  of  SAVVIS  Communications,  and (ii)  Customer
                     shall be free to make passive  investments in securities of
                     companies that provide network services in competition with
                     SAVVIS which,  in the case of any such  security,  does not
                     constitute  more  than  ten  percent  (10%)  of  the  total
                     outstanding amount of such security.

              10.4.2.If any court or tribunal of  competent  jurisdiction  shall
                     refuse  to  enforce  one or more of the  covenants  in this
                     Section 10.4 because the time limit  applicable  thereto is
                     deemed unreasonable,  it is expressly understood and agreed
                     that such covenant or covenants  shall not be void but that
                     for the

                                       12
<PAGE>

                     purpose of such  proceedings  such time limitation shall be
                     deemed to be reduced to the extent  necessary to permit the
                     enforcement of such covenant or covenants.

              10.4.3.If any court or tribunal of  competent  jurisdiction  shall
                     refuse  to  enforce  any or all of the  covenants  in  this
                     Section  10.4  because,  taken  together,   they  are  more
                     extensive (whether as to geographic area, scope of business
                     or  otherwise)  than  is  deemed  to be  reasonable,  it is
                     expressly  understood and agreed between the parties hereto
                     that such covenant or covenants  shall not be void but that
                     for  the  purpose  of  such  proceedings  the  restrictions
                     contained  therein (whether as to geographic area, scope of
                     business or otherwise) shall be deemed to be reduced to the
                     extent necessary to permit the enforcement of such covenant
                     or covenants.

              10.4.4.Customer  specifically  acknowledges  and  agrees  that the
                     foregoing   covenants  are   commercially   reasonable  and
                     reasonably  necessary  to protect the  interests  of SAVVIS
                     hereunder. Customer hereby acknowledges that SAVVIS and its
                     successors   and  assigns  will  suffer   irreparable   and
                     continuing  harm to the  extent  that any of the  foregoing
                     covenants  is  breached  and that legal  remedies  would be
                     inadequate in the event of any such breach.

11.    RIGHTS AND OBLIGATIONS OF SAVVIS

       11.1.  PROVISION  OF THE  NETWORKS.  SAVVIS shall  operate,  maintain and
              manage the Networks at the  Installation  Sites using the Acquired
              Network  Facilities  in  accordance  with the  Quality  of Service
              Standards and other terms of this Agreement, including all Addenda
              hereto.

       11.2.  REPRESENTATIONS AND WARRANTIES.

              11.2.1.[Intentionally omitted.]

              11.2.2.SAVVIS  hereby  represents  and  warrants  that  the  terms
                     hereof do not conflict in any respect  whatsoever  with any
                     SAVVIS  tariff  on file  with  the  Federal  Communications
                     Commission or other regulatory body. If, during the term of
                     this  Agreement,  SAVVIS  shall  file a  contract  specific
                     tariff governing the Networks or any portion thereof,  such
                     tariff  filing shall be consistent in all respects with the
                     terms of this Agreement,  and SAVVIS shall give Customer 10
                     days advance  written notice of making such a tariff filing
                     and of filing any subsequent modifications thereto.

              11.2.3.THE  FOREGOING   WARRANTIES   ARE  IN  LIEU  OF  ALL  OTHER
                     WARRANTIES,  EXPRESS  OR  IMPLIED,  INCLUDING  THE  IMPLIED
                     WARRANTIES OF MERCHANTABILITY  AND FITNESS FOR A PARTICULAR
                     PURPOSE.

                                       13
<PAGE>

       11.3.  SAVVIS  acknowledges  that the  occurrence  of Event of Default by
              SAVVIS,  arising from either (i) a failure of the Networks to meet
              Quality of Service  Standards  or (ii) a total loss to Customer of
              the use of the Networks, could cause irreparable harm to Customer,
              the  amount  of  which  may  be  difficult  to   determine,   thus
              potentially  making any  remedy at law or in  damages  inadequate.
              SAVVIS,  therefore,  agrees that Customer  shall have the right to
              apply to any court of competent jurisdiction for injunctive relief
              upon the  occurrence  of an  Event of  Default  by  SAVVIS  or the
              occurrence  of an event  which,  with the  passage  of time or the
              giving of notice,  could  become an Event of Default by SAVVIS and
              for any other appropriate  relief. This right shall be in addition
              to any other remedy available to Customer in law or equity. SAVVIS
              further agrees that, upon the occurrence of an Event of Default by
              SAVVIS,  SAVVIS shall pay to Customer,  as liquidated  damages and
              not as a  penalty,  an  amount  equal  to the  lesser  of (a)  the
              aggregate  amounts paid by Customer to SAVVIS under this Agreement
              during the six months preceding such Event of Default by SAVVIS or
              (b)  $50,000,000;  provided,  however,  that  Customer may recover
              liquidated damages under this Section only for an Event of Default
              by SAVVIS  that occurs (i) prior to any Event of Default by SAVVIS
              for which  Customer  or [Bridge  Parent]/[Telerate  Parent] or any
              customer   of  [Bridge   Parent]/[Telerate   Parent]  has  claimed
              liquidated  damages under this Section or under a Network Services
              Agreement  or  any  Local  [Telerate]/[Bridge]   Network  Services
              Agreement,  or (ii) more than 36 months  following the most recent
              Event  of  Default  by  SAVVIS  for  which   Customer  or  [Bridge
              Parent]/[Telerate    Parent]   or   any    customer   of   [Bridge
              Parent]/[Telerate  Parent] has claimed  liquidated  damages  under
              this  Section or under a Network  Services  Agreement or any Local
              [Telerate]/[Bridge] Network Services Agreement.

12.    LIMITATIONS OF LIABILITY

       12.1.  Subject  to Section  11.4,  neither  party  shall be liable to the
              other for indirect, incidental, consequential, exemplary, reliance
              or special damages, including damages for lost profits, regardless
              of the form of action  whether in contract,  indemnity,  warranty,
              strict  liability or tort,  including  negligence of any kind with
              respect to the Networks or other conduct under this Agreement.

       12.2.  Nothing  contained  in this  Section  shall limit  either  party's
              liability to the other for (a) willful or intentional  misconduct,
              including  fraud,  or (b) injury or death,  or damage to  tangible
              real  or  tangible  personal  property  or the  environment,  when
              proximately caused by SAVVIS' or Customer's  negligence or that of
              their  respective  agents,  subcontractors  or employees.  Nothing
              contained  in  this  Section  shall  limit  SAVVIS'   intellectual
              property   indemnification   obligations  under  Section  16.1  or
              Customer's indemnification obligations with respect to a breach of
              Section 10.3.

                                       14
 <PAGE>

13.    EQUIPMENT AND SOFTWARE NOT PROVIDED BY SAVVIS

       13.1.  SAVVIS shall not be responsible for the installation, operation or
              maintenance of equipment or software not provided by it under this
              Agreement, nor shall SAVVIS be responsible for the transmission or
              reception of  information by equipment or software not provided by
              SAVVIS  hereunder.  In the event that Customer  uses  equipment or
              software not provided by SAVVIS hereunder in a manner that impairs
              Customer's use of the Networks, Customer shall not be excused from
              payment for such use and SAVVIS shall not be  responsible  for any
              failure of the  Networks to meet the Quality of Service  Standards
              resulting  from the use of such equipment or software by Customer.
              Upon  notice  from  SAVVIS  that the  equipment  or  software  not
              provided by SAVVIS under this Agreement is causing or is likely to
              cause hazard, interference or service obstruction,  Customer shall
              eliminate the likelihood of such hazard,  interference  or service
              obstruction.

       13.2.  Notwithstanding  the  foregoing,  SAVVIS  shall,  at no additional
              charge,  provide all  interface  specifications  for the  Networks
              reasonably  requested by Customer.  SAVVIS shall, upon the receipt
              of appropriate  specifications  from Customer,  inform Customer of
              the  compatibility  with the Networks of any equipment or software
              that  Customer  proposes  to  use  in  connection  therewith,  the
              effects,  if any, of the use of such  equipment or software on the
              quality, operating characteristics and efficiency of the Networks,
              and  the  effects,  if  any,  of the  Networks  on  the  operating
              characteristics and efficiency of any such equipment or software.

14.    PROPRIETARY RIGHTS; LICENSE

       14.1.  SAVVIS   hereby   grants   to   Customer   a   non-exclusive   and
              non-transferable  license  to use  all  programming  and  software
              necessary  for  Customer  to use the  Networks.  Such  license  is
              granted  for the term of this  Agreement  for the sole  purpose of
              enabling Customer to use the Networks.

       14.2.  All title and property  rights  (including  intellectual  property
              rights) to the  Networks  (including  associated  programming  and
              software)  are and shall  remain  with  SAVVIS or the  third-party
              providers  thereof  to  SAVVIS.  Customer  shall  not  (except  as
              permitted  by  applicable  law) attempt to examine,  copy,  alter,
              reverse engineer, decompile, disassemble, tamper with or otherwise
              misuse the Networks, programming and software.

15.    CONFIDENTIALITY

       15.1.  During the term of this  Agreement  and for a period of five years
              from the date of its  expiration  or  termination  (including  all
              extensions  thereof),  each  party  agrees to  maintain  in strict
              confidence  all  Confidential  Information.  Neither  party shall,
              without  prior written  consent of the other party,  use the other
              party's  Confidential  Information  for any purpose other than for
              the performance of its duties and

                                       15
<PAGE>

              obligations, and the exercise of its rights, under this Agreement.
              Each party shall use, and shall cause all authorized recipients of
              the other party's Confidential Information to use, the same degree
              of care to protect the other party's  Confidential  Information as
              it uses to protect its own  Confidential  Information,  but in any
              event not less than a reasonable degree of care.

       15.2.  Notwithstanding  Section  15.1,  either  party  may  disclose  the
              Confidential  Information of the other party to: (a) its employees
              and the  employees,  directors  and officers of its  Affiliates as
              necessary to implement this  Agreement;  (b) employees,  agents or
              representatives   of  the  other  party;   or  (c)  other  persons
              (including counsel, consultants, lessors or managers of facilities
              or  equipment  used by such  party)  in  need  of  access  to such
              information  for purposes  specifically  related to either party's
              responsibilities   under  this   Agreement,   provided   that  any
              disclosure of Confidential  Information  under clause (c) shall be
              made only  upon  prior  written  approval  of the other  party and
              subject to the  appropriate  assurances that the recipient of such
              information shall hold it in strict confidence.

       15.3.  Upon  the  request  of the  party  having  proprietary  rights  to
              Confidential   Information,   the  party  in  possession  of  such
              information  shall  promptly  return  it  (including  any  copies,
              extracts  and  summaries  thereof,  in  whatever  form and  medium
              recorded)  to the  requesting  party or,  with the  other  party's
              written  consent,  shall promptly destroy it and provide the other
              party with written certification of such destruction.

       15.4.  Either party may request in writing that the other party waive all
              or any portion of the requesting party's responsibilities relative
              to the other party's Confidential Information. Such waiver request
              shall  identify  the  affected  information  and the nature of the
              proposed waiver. The recipient of the request shall respond within
              a reasonable time and, if it determines,  in its sole  discretion,
              to grant the requested  waiver,  it will do so in writing over the
              signature of an employee authorized to grant such request.

       15.5.  Customer   and  SAVVIS   acknowledge   that  any   disclosure   or
              misappropriation of Confidential  Information in violation of this
              Agreement could cause irreparable harm, the amount of which may be
              difficult to determine,  thus potentially making any remedy at law
              or in damages inadequate.  Each party, therefore,  agrees that the
              other  party  shall  have  the  right  to  apply  to any  court of
              competent  jurisdiction  for an order  restraining  any  breach or
              threatened  breach of this  Section and for any other  appropriate
              relief.  This  right  shall be in  addition  to any  other  remedy
              available in law or equity.

       15.6.  A party  requested  or  ordered  by a court or other  governmental
              authority of competent  jurisdiction  to disclose  another party's
              Confidential  Information  shall notify the other party in advance
              of any such  disclosure  and,  absent the other party's consent to
              such disclosure, use its best efforts to resist, and to assist the
              other  party in  resisting,  such  disclosure.  A party  providing
              another party's

                                       16
<PAGE>

              Confidential   Information  to  a  court  or  other   governmental
              authority shall use its best efforts to obtain a protective  order
              or  comparable  assurance  that the  Confidential  Information  so
              provided will be held in confidence  and not further  disclosed to
              any other person, absent the owner's prior consent.

       15.7.  The provisions of Section 15.1 above shall not apply to reasonably
              necessary  disclosures in or in connection  with filings under any
              securities  laws,  regulatory  filings or  proceedings,  financial
              disclosures  which in the good faith  judgment  of the  disclosing
              party  are  required  by law,  disclosures  required  by  court or
              tribunal or competent  jurisdiction,  or  disclosures  that may be
              reasonably  necessary in connection with the sale of securities or
              the  performance  or  enforcement  of this Agreement or any of the
              obligations hereof; provided, however, that if the receiving party
              would  otherwise be required to refer to or describe any aspect of
              this  Agreement  in  any  of  the  preceding  circumstances,   the
              receiving  party  shall use its  reasonable  efforts  to take such
              steps  as are  available  under  such  circumstances  (such  as by
              providing  a  summary  or  synopsis)  to avoid  disclosure  of the
              financial terms and conditions of this Agreement.  Notwithstanding
              any provisions of this Agreement to the contrary, either party may
              disclose the terms and  conditions of this Agreement in the course
              of a due diligence review performed in connection with prospective
              debt  financing  or  equity  investment  by, or a sale to, a third
              party, so long as the persons conducting such due diligence review
              have agreed to maintain the confidentiality of such disclosure and
              not  to use  such  disclosure  for  any  purpose  other  such  due
              diligence review.

16.    INDEMNIFICATIONS

       16.1.  SAVVIS shall defend,  settle,  or otherwise manage at its own cost
              and  expense  any claim or action  against  Customer or any of its
              directors,  officers,  employees  or assigns for actual or alleged
              infringement by the Networks of any patent, copyright,  trademark,
              trade  secret or  similar  proprietary  right of any third  party,
              except to the  extent  that such  actual or  alleged  infringement
              arises  from  (i)  such  actual  or  alleged  infringement  by the
              Acquired  Network  Facilities on the Effective Date or (ii) an act
              or  omission  of  Customer  or a vendor or customer of Customer or
              (iii) equipment  or software  used by Customer and not provided by
              SAVVIS.  Customer  shall notify SAVVIS  promptly in writing of any
              such claim or suit and shall cooperate with SAVVIS in a reasonable
              way to  facilitate  the  settlement  or  defense  thereof.  SAVVIS
              further  agrees to indemnify and hold  Customer  harmless from and
              against any and all liabilities and damages  (whether  incurred as
              the result of a judicial  decree or a  settlement),  and the costs
              and  expenses  associated  with any  claim or  action  of the type
              identified in this Section (including reasonable attorneys' fees).

       16.2.  If, as a consequence of a claim or action of the kind described in
              Section  16.1,  SAVVIS'  or  Customer's  use of all or part of any
              Network is  enjoined,  SAVVIS  shall,  at its option and  expense,
              either: (a) procure for Customer the right to

                                       17
 <PAGE>

              continue using the affected  Network;  (b) modify  such Network so
              that they are non-infringing, provided that such modification does
              not  affect  the  intended  use of  the  Network  as  contemplated
              hereunder. If SAVVIS does not take any of the actions described in
              clauses (a) or (b),  then  Customer  may  terminate  the  affected
              portion of such  Network,  and SAVVIS shall refund to Customer any
              prepaid charges therefor.

       16.3.  Subject to Section 12,  Customer  will defend,  indemnify and hold
              harmless  SAVVIS or any of its directors,  officers,  employees or
              assigns from and against all loss, liability,  damage and expense,
              including reasonable attorneys' fees, caused by:

              (a)    claims  for  libel,   slander,   invasion   of  privacy  or
                     infringement of copyright,  and invasion and/or  alteration
                     of private  records or data arising  from any  information,
                     data or messages transmitted over the Networks by Customer;

              (b)    claims for  infringement of patents arising from the use by
                     Customer of equipment and  software,  apparatus and systems
                     not provided hereunder in connection with the Networks; and

              (c)    the  violation  of  any  representations,   warranties  and
                     covenants made by Customer in this Agreement.

       16.4.  Subject to Section 12,  SAVVIS  will  defend,  indemnify  and hold
              harmless Customer or any of its directors,  officers, employees or
              assigns from and against all loss, liability,  damage and expense,
              including reasonable attorneys' fees, caused by:

              (a)    claims for  infringement of patents arising from the use by
                     SAVVIS of equipment and software, apparatus and systems not
                     provided  by  SAVVIS   hereunder  in  connection  with  the
                     Networks (other than any Acquired Network Facilities); and

              (b)    the  violation  of  any  representations,   warranties  and
                     covenants made by SAVVIS in this Agreement.

17.    DISPUTES

       17.1.  Except as expressly  provided in Schedule  4.1 of this  Agreement,
              the  resolution  of  any  and  all  disputes  arising  from  or in
              connection with this Agreement,  whether based on contract,  tort,
              statute or otherwise,  including  disputes over  arbitrability and
              disputes in connection  with claims by third persons  ("DISPUTES")
              shall be  exclusively  governed by and settled in accordance  with
              the  provisions  of this  Section  17.  The  foregoing  shall  not
              preclude  recourse to judicial  proceedings to obtain  injunctive,
              emergency or other  equitable  relief to enforce the provisions of
              this Agreement, including specific performance, and to decide such
              issues as are

                                       18
<PAGE>

              required  to be  resolved  in  determining  whether  to grant such
              relief.  Resolution  of Disputes  with  respect to claims by third
              persons  shall be deferred  until any  judicial  proceedings  with
              respect thereto are concluded.

       17.2.  The  parties  hereby  agree to  submit  all  Disputes  to rules of
              arbitration  of  the  American  Arbitration  Association  and  the
              Missouri Uniform Arbitration Act (the "RULES") under the following
              provisions,  which  shall be final and binding  upon the  parties,
              their  successors and assigns,  and that the following  provisions
              constitute  a binding  arbitration  clause under  applicable  law.
              Either  party  may  serve  process  or  notice on the other in any
              arbitration or litigation in accordance with the notice provisions
              hereof.   The  parties  agree  not  to  disclose  any  information
              regarding any Dispute or the conduct of any arbitration hereunder,
              including  the existence of such Dispute or such  arbitration,  to
              any person or entity other than such employees or  representatives
              of such party as have a need to know.

       17.3.  Either  party may  commence  proceedings  hereunder by delivery of
              written notice  providing a reasonable  description of the Dispute
              to the  other,  including  a  reference  to  this  provision  (the
              "DISPUTE  NOTICE").  Either  party may initiate  arbitration  of a
              Dispute  by  delivery  of  a  demand  therefor  (the  "ARBITRATION
              DEMAND") to the other party not sooner than 60 calendar days after
              the  date  of  delivery  of the  Dispute  Notice  but at any  time
              thereafter.  The  arbitration  shall be  conducted  in St.  Louis,
              Missouri.

       17.4.  The  arbitration  shall be  conducted  by three  arbitrators  (the
              "ARBITRATORS"),  one of whom shall be selected by Customer, one by
              SAVVIS, and the third by agreement of the other two not later than
              10 days after  appointment  of the first  two,  or,  failing  such
              agreement,  appointed  pursuant  to the  Rules.  If an  Arbitrator
              becomes  unable  to  serve,  a  successor  shall  be  selected  or
              appointed in the same manner in which the  predecessor  Arbitrator
              was appointed.

       17.5.  The arbitration shall be conducted  pursuant to such procedures as
              the  parties  may agree  or, in the  absence  of or  failing  such
              agreement,  pursuant to the Rules.  Notwithstanding the foregoing,
              each party  shall have the right to inspect  the books and records
              of the other  party that are  reasonably  related to the  Dispute,
              and each  party shall provide to the other,  reasonably in advance
              of any hearing,  copies of all documents  which such party intends
              to  present in such  hearing  and the names and  addresses  of all
              witnesses  whose  testimony  such party intends to present in such
              hearing.

       17.6.  All hearings shall be conducted on an expedited schedule,  and all
              proceedings shall be confidential. Either party may at its expense
              make a stenographic record thereof.

       17.7.  The  Arbitrators  shall  complete  all  hearings not later than 90
              calendar days after the Arbitrators' selection or appointment, and
              shall  make  a  final  award  not  later  than  30  calendar  days
              thereafter. The Arbitrators shall apportion all costs and expenses
              of the Arbitration,  including the Arbitrators'  fees and expenses
              of experts

                                       19
<PAGE>

              ("ARBITRATION  COSTS")  between the prevailing and  non-prevailing
              parties  as  the  Arbitrators   deem  fair  and   reasonable.   In
              circumstances  where a  Dispute  has  been  asserted  or  defended
              against  on  grounds   that  the   Arbitrators   deem   manifestly
              unreasonable,  the Arbitrators  may assess all  Arbitration  Costs
              against the non-prevailing  party and may include in the award the
              prevailing party's attorneys' fees and expenses in connection with
              any and all proceedings under this Section 17.

       17.8.  Either party may assert  appropriate  statutes of  limitation as a
              defense in arbitration;  provided, that upon delivery of a Dispute
              Notice  any  such  statute  shall  be  tolled  pending  resolution
              hereunder.

       17.9.  Pending the resolution of any dispute or controversy arising under
              this  Agreement,  the  parties  shall  continue  to perform  their
              respective   obligations   hereunder,   and   SAVVIS   shall   not
              discontinue,  disconnect  or in any other fashion cease to provide
              all or any substantial  portion of the Networks to Customer unless
              otherwise directed by Customer. This Section shall not apply where
              (a) Customer is in default under this Agreement or (b) the dispute
              or controversy between the parties relates to harm to the Networks
              allegedly  caused by Customer  and Customer  does not  immediately
              cease and desist from the  activity  giving rise to the dispute or
              controversy.

18.   FORCE MAJEURE

       18.1.  In no event  shall  either  party be  liable  to the other for any
              failure to perform hereunder that is due to war, riots, embargoes,
              strikes or other  concerted  acts of workers  (whether  of a party
              hereto or of others), casualties, accidents or other causes to the
              extent  that  such  failure  and  the  consequences   thereof  are
              reasonably  beyond the control and without the fault or negligence
              of  the  party  claiming  excuse.   Each  party  shall,  with  the
              cooperation of the other party, use reasonable efforts to mitigate
              the extent of any failure to perform and the adverse  consequences
              thereof.

       18.2.  If SAVVIS  cannot  promptly  provide a suitable  temporary  SAVVIS
              alternative to all or part of a Network subject to an interruption
              in connection  with the  existence of a force  majeure  condition,
              Customer may, at its option and at its own cost, contract with one
              or more third parties for the affected  portion of the Network for
              the shortest  commercially  available  period  likely to cover the
              reasonably expected duration of the interruption,  and may suspend
              SAVVIS' provision of such affected portion for such period. SAVVIS
              shall not charge Customer for the affected  portion thus suspended
              during the period of suspension.  SAVVIS shall resume provision of
              the  suspended  portion  of the  Network  upon  the  later  of the
              termination   or   expiration  of   Customer's   legally   binding
              commitments  under  contracts  with third parties for  alternative
              services  or  the   cessation  or  remedy  of  the  force  majeure
              condition.

                                       20
<PAGE>

       18.3.  In the event that a force  majeure  condition  shall  continue for
              more than 60 days, Customer may cancel the affected portion of the
              Network  with no  further  liability  to  SAVVIS  other  than  for
              obligations  incurred with respect to such affected  portion prior
              to the occurrence of the force majeure condition.

       18.4.  The  consequences  arising from  existence and  continuation  of a
              force  majeure   condition,   including  without   limitation  any
              interruption  of the  Networks and the exercise by Customer of its
              rights under this Section 18, shall be deemed not to  constitute a
              breach by either party hereto of any  representations,  warranties
              or covenants  hereunder  and shall not be grounds for the exercise
              of any remedies under this Agreement, including without limitation
              remedies  under  Section  2.2  or  Section  7,  other  than  those
              specified in this Section 18.

19.    GENERAL PROVISIONS

       19.1.  NO THIRD-PARTY BENEFICIARIES. [This Agreement shall not confer any
              rights  or  remedies  upon any  person or  entity  other  than the
              parties and their  respective  successors and permitted  assigns.]
              [Except as expressly  provided in this Agreement,  nothing in this
              Agreement will create or confer any rights or other benefits on or
              in  favor  of any  person  who is not a party  to  this  Agreement
              whether  pursuant to the Contracts  (Rights of Third Parties) Act,
              1999 or otherwise.]

       19.2.  ENTIRE AGREEMENT. This Agreement (including the documents referred
              to herein)  constitutes the entire  agreement  between the parties
              and   supersedes   any  prior   understandings,   agreements,   or
              representations by or between the parties, written or oral, to the
              extent they related in any way to the subject matter hereof.

       19.3.  SUCCESSION AND  ASSIGNMENT.  This Agreement  shall be binding upon
              and inure to the  benefit of the  parties  named  herein and their
              respective  successors and permitted assigns.  No party may assign
              either  this  Agreement  or  any  of  its  rights,  interests,  or
              obligations  hereunder  without the prior written  approval of the
              other party, which consent shall not be unreasonably withheld.

       19.4.  COUNTERPARTS.  This  Agreement  may be  executed  in  one or  more
              counterparts, each of which shall be deemed an original but all of
              which together will constitute one and the same instrument.

       19.5.  HEADINGS.  The Section  headings  contained in this  Agreement are
              inserted for convenience  only and shall not affect in any way the
              meaning or interpretation of this Agreement.

       19.6.  NOTICES.  All  notices,  requests,   demands,  claims,  and  other
              communications  hereunder will be in writing. Any notice, request,
              demand,  claim, or other  communication  hereunder shall be deemed
              duly  given if (and then two  business  days  after) it is sent by
              registered or certified mail,  return receipt  requested,  postage
              prepaid,  and  addressed  to the  intended  recipient as set forth
              below:

                                       21
<PAGE>

              If to Customer: Bridge Information Systems, Inc.
                              Three World Financial Center
                              New York, New York 10285
                              (212) 372-7195 (fax)
                              Attention: Zachary Snow,
                                         Executive Vice President and General
                                         Counsel

              If to SAVVIS:   SAVVIS Communications Corporation
                              717 Office Parkway
                              St. Louis, Missouri 63141
                              (314) 468-7550 (fax)
                              Attention: Steven M. Gallant,
                                         Vice President and General Counsel

              Any party may send any notice,  request,  demand,  claim, or other
              communication  hereunder to the intended  recipient at the address
              set  forth  above  using  any  other  means  (including   personal
              delivery,  expedited courier,  messenger service, telecopy, telex,
              ordinary mail, or electronic  mail), but no such notice,  request,
              demand, claim, or other communication shall be deemed to have been
              duly  given  unless  and  until it  actually  is  received  by the
              intended  recipient.  Any party may  change  the  address to which
              notices,  requests,  demands,  claims,  and  other  communications
              hereunder  are to be delivered by giving the other party notice in
              the manner herein set forth.

       19.7.  GOVERNING LAW. This  Agreement  shall be governed by and construed
              in  accordance  with the domestic laws of the State of Missouri in
              the United States of America,  without giving effect to any choice
              or  conflict  of law  provision  or rule  (whether of the State of
              Missouri  or  any  other   jurisdiction)   that  would  cause  the
              application of the laws of any  jurisdiction  other than the State
              of Missouri.

       19.8.  AMENDMENTS  AND WAIVERS.  No  amendment  of any  provision of this
              Agreement  shall be valid  unless the same shall be in writing and
              signed  by  SAVVIS  and  Customer.  No  waiver by any party of any
              default,  misrepresentation,  or breach of  warranty  or  covenant
              hereunder,  whether  intentional or not, shall be deemed to extend
              to any prior or subsequent default,  misrepresentation,  or breach
              of warranty or covenant  hereunder or affect in any way any rights
              arising by virtue of any prior or subsequent such occurrence.

       19.9.  SEVERABILITY.  Any term or  provision  of this  Agreement  that is
              invalid or  unenforceable  in any  situation  in any  jurisdiction
              shall not affect the validity or  enforceability  of the remaining
              terms and provisions  hereof or the validity or  enforceability of
              the offending  term or provision in any other  situation or in any
              other jurisdiction.

                                       22
<PAGE>

       19.10. EXPENSES.  Each  party  will  bear  its  own  costs  and  expenses
              (including  legal fees and expenses)  incurred in connection  with
              this Agreement and the transactions contemplated hereby.

       19.11. CONSTRUCTION.  Any  reference to any  federal,  state,  local,  or
              foreign  statute or law shall be deemed also to refer to all rules
              and  regulations  promulgated   thereunder,   unless  the  context
              requires  otherwise.  The word  "including"  shall mean  including
              without limitation.

       19.12. ADDENDA AND  SCHEDULES.  The Addenda and  Schedules  identified in
              this  Agreement  are  incorporated  herein by reference and made a
              part hereof.

         IN WITNESS  WHEREOF,  the  parties  hereto  have  caused  this  Network
Services Agreement to be executed as of the date first above written.

                  THIS CONTRACT CONTAINS A BINDING  ARBITRATION  PROVISION WHICH
MAY BE ENFORCED BY THE PARTIES.

                                            [local SAVVIS entity]
                                            ---------------------

                                            By
                                              ----------------------------------
                                            Name: Steven M. Gallant

                                            [local Bridge/Telerate entity].

                                            By
                                              ----------------------------------
                                            Name:
                                                 -------------------------------

                                       23
<PAGE>

                                  SCHEDULE 2.2
                          QUALITY OF SERVICE STANDARDS

1.       Starting  one year  from  the  Effective  Date,  the  Acquired  Network
         Facilities and Additional  Network Facilities that are connected to the
         St. Louis hub where [Bridge  Parent]/[Telerate  Parent] houses the data
         distributed  over the  Distribution  Network  (the "ST.  LOUIS HUB") by
         fully redundant paths shall be covered by Quality of Service  Standards
         outlined below.  These  provisions  shall be applicable to Installation
         Sites performing within the bandwidth  limitations set forth in Section
         7.2 of Schedule 3.1 to the Network Services  Agreement or, with respect
         to the SAVVIS  Backbone,  to be agreed  upon,  and shall be measured in
         performance relative to the St. Louis Hub.

2.       For  the  SAVVIS  Backbone   supporting  the  Collection   Network  and
         Distribution Network:

         (a)      There shall not be less than 99.99% availability to any SAVVIS
                  POP supporting Installation Sites during each one month period
                  during the Market Hours applicable to the POP connected to the
                  St. Louis Hub.

         (b)      The average  round-trip  terrestrial  latency period to SAVVIS
                  POP  locations  supporting   Installation  Sites  during  each
                  one-month period shall not exceed:

                  (i)     75 milliseconds within the United States,

                  (ii)    250 milliseconds to Australia,  Eastern Asia,  Europe,
                          and North America,

                  (iii)   425  milliseconds to all other areas,  including South
                          America, Middle East, Africa, New Zealand and India.

3.       For Installation Sites, network availability shall be measured in terms
         of server upstream  connectivity during Market Hours for each one-month
         period.  Resultant  availability to the Installation Sites shall be not
         less than 99.99% based on the following criteria:

         (a)      All server disconnects will be considered as potential network
                  outages.

         (b)      Disconnects  which are  attributed  to bandwidth  limitations,
                  process  failures,  and server faults will be eliminated  from
                  the sample population.

         (c)      Remaining  disconnects that reflect total outage conditions on
                  both  redundant  pieces of the network  shall be  considered a
                  network outage to the Installation  Site. The time duration of
                  the network outage shall be used to determine the availability
                  percentage.

3.       SAVVIS will continue to monitor performance of the acquired Customer OA
         Network.  Performance  problems with specific OA sites will be resolved
         jointly by Customer and SAVVIS.

                                       24
<PAGE>

4.       CREDIT AMOUNTS

         Amounts to be credited if the Quality of Service  Standards are not met
         with respect to a particular Installation Site in any month shall be as
         follows during the first  Agreement  Year,  according to the connection
         speed at such Installation Site:

                 CONNECTION    MONTHLY      MONTHLY     MONTHLY
                   SPEED       CREDIT       CREDIT       CREDIT
                              [EUROPE]      [ASIA]     [AMERICAS]

                     T1          [*]         [*]          [*]

                  256 KBS        [*]         [*]          [*]

                  128 KBS        [*]         [*]          [*]

                   64 KBS        [*]         [*]          [*]

                   56 KBS        [*]         [*]          [*]

                   ISDN          [*]         [*]          [*]

                     E1          [*]         [*]          [*]

     CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THIS SCHEDULE PURSUANT TO
            A REQUEST FOR CONFIDENTIAL TREATMENT AND HAVE BEEN FILED
             SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
                           ASTERISKS DENOTE OMISSIONS.

                                       25
<PAGE>

                                    EXHIBIT B
                          TO NETWORK SERVICES AGREEMENT
                          -----------------------------

                       TELERATE NETWORK SERVICES AGREEMENT

                           NETWORK SERVICES AGREEMENT

         This NETWORK  SERVICES  AGREEMENT (the  "AGREEMENT") is effective as of
___________________,  2000 (the "EFFECTIVE DATE"), between SAVVIS Communications
Corporation,  a Missouri corporation ("SAVVIS"),  and Telerate Holdings, Inc., a
Delaware corporation ("TELERATE").

                                    RECITALS

         A. Telerate is engaged in the business of collecting  and  distributing
various  financial,  news and other data. Bridge  Information  Systems,  Inc., a
Missouri corporation  ("BRIDGE") is the ultimate parent of Telerate, and is also
engaged in the business of collecting and distributing  various financial,  news
and other data.

         B. SAVVIS is engaged in the  business of  providing  Internet  Protocol
backbone and other data transport services.

         C. SAVVIS and certain of its subsidiaries have acquired from Bridge and
certain of its subsidiaries certain assets relating to the provision of Internet
Protocol  backbone  and other  data  transport  services,  and may in the future
acquire additional such assets from Bridge and certain of its subsidiaries,  all
pursuant to a Master  Establishment  and Transition  Agreement  between  SAVVIS'
corporate parent, SAVVIS Communications Corporation, a Delaware corporation, and
Bridge,  of  even  date  herewith  (the  "MASTER  ESTABLISHMENT  AND  TRANSITION
AGREEMENT").

         D.  It  is  an  obligation  of  Bridge  and  SAVVIS  under  the  Master
Establishment  and  Transition  Agreement to cause this  Agreement to be entered
into between SAVVIS and Telerate,  and the Bridge Network Services  Agreement to
be entered  into  between  SAVVIS and  Bridge,  pursuant to which  SAVVIS  shall
provide Internet Protocol backbone and other data transport services to Telerate
and Bridge.

         E. In conjunction  with this Agreement,  SAVVIS and Bridge are entering
into a  Technical  Services  Agreement  of even date  herewith  (the  "TECHNICAL
SERVICES  AGREEMENT")  and an  Administrative  Services  Agreement  of even date
herewith (the "ADMINISTRATIVE SERVICES AGREEMENT"),  providing for the provision
of certain services to SAVVIS by Bridge. Certain SAVVIS Subsidiaries and certain
Bridge  Subsidiaries  are entering into, and may in the future enter into, Local
Transfer Agreements, Local Network Services Agreements substantially in the form
of  Exhibit  A hereto  (the  "LOCAL  NETWORK  SERVICES  AGREEMENTS"),  Equipment
Collocation

                                       26
<PAGE>

Permits (the "EQUIPMENT COLLOCATION PERMITS"), and Local Administrative Services
Agreements.

         NOW,  THEREFORE,  in  consideration  of the  premises,  and the  mutual
covenants  contained  herein and of other good and valuable  consideration,  the
receipt and  adequacy  of which are hereby  acknowledged,  the parties  agree as
follows:

1.      CONTRACT DOCUMENTS AND DEFINITIONS

         1.1.  This Agreement shall consist of this Network  Services  Agreement
               by and between SAVVIS and Telerate, including all addenda to this
               Agreement  entered  into in the manner set forth  herein (each an
               "ADDENDUM" and collectively the "ADDENDA").  This Agreement shall
               be interpreted  wherever  possible to avoid conflicts between the
               Sections hereof and the Addenda, provided that if such a conflict
               shall arise, the Addenda shall control.

         1.2.  Whenever  it is  provided  in this  Agreement  for a matter to be
               mutually  agreed upon by the parties and set forth in an Addendum
               to this  Agreement,  either  party may  initiate  the  process of
               determining  such  matter by  submitting  a  proposed  outline or
               contents of such  Addendum to the other  party.  Each party shall
               appoint  a  primary  contact  and a  secondary  contact  for  the
               completion of such Addendum,  who shall be the contact points for
               every issue concerning such Addendum and who shall be informed of
               the  progress of the project.  The names of the contacts  will be
               exchanged  in writing by the  parties.  Using the  contacts,  the
               parties shall work together in good faith with such  diligence as
               shall be  commercially  reasonable  under  the  circumstances  to
               complete such  Addendum,  provided,  however,  that neither party
               shall be  obligated  to enter  into  such an  Addendum.  Upon the
               completion of such  Addendum,  it shall be set forth in a written
               document  and  executed by the parties and shall become a part of
               this Agreement and shall be deemed to be  incorporated  herein by
               reference.

         1.3.  Whenever  used in this  Agreement,  the words and phrases  listed
               below shall have the meanings given below,  and all defined terms
               shall  include  the  plural  as  well  as  the  singular.  Unless
               otherwise  stated,  the  words  "herein",  "hereunder"  and other
               similar  words  refer to this  Agreement  as a whole and not to a
               particular Section or other subdivision. The words "included" and
               "including"  shall  not be  construed  as  terms  of  limitation.
               Additional  definitions  are  provided  in  Schedule  3.1 of this
               Agreement.  Capitalized  terms  not  otherwise  defined  have the
               meanings  assigned to such terms in the Master  Establishment and
               Transition Agreement.

               "ADDITIONAL NETWORK FACILITIES" means any assets and contracts of
               SAVVIS for the provision of Internet  Protocol backbone and other
               data  transport   services   other  than  the  Acquired   Network
               Facilities.

                                       27
<PAGE>

               "AFFILIATE"  has the  meaning  set  forth  in Rule  12b-2  of the
               regulations  promulgated  under the  Securities  Exchange  Act of
               1934, as amended.

               "AGREEMENT  YEAR"  means a period of 12 months  beginning  on the
               Effective Date and each subsequent anniversary thereof.

               "AMERICAS"  means  North  America,   Central  America  and  South
               America,  including  the  Caribbean,  but  excluding  the  United
               States.

               "ASIA"  means  Australia,  China,  Hong Kong,  India,  Indonesia,
               Japan,  Korea,  Macau,   Malaysia,   New  Zealand,   Philippines,
               Singapore, Taiwan, and Thailand.

               "BRIDGE"  means  Bridge  Information  Systems,  Inc.,  a Missouri
               corporation, and its successors and assigns.

               "BRIDGE  LOCAL  NETWORK  SERVICES  AGREEMENTS"  means  the  local
               network services  agreements between certain SAVVIS  Subsidiaries
               and certain  Bridge  Subsidiaries,  as provided for in the Bridge
               Network Services Agreement.

               "BRIDGE NETWORK  SERVICES  AGREEMENT"  means the network services
               agreement   pursuant  to  which  SAVVIS  shall  provide  Internet
               Protocol backbone and other data transport services to Bridge.

               "BRIDGE  SUBSIDIARIES"  has  the  meaning  assigned  to the  term
               "Seller  Subsidiaries" in the Master Establishment and Transition
               Agreement.

               "CONFIDENTIAL  INFORMATION" means all information  concerning the
               business of  Telerate,  SAVVIS or any third party doing  business
               with either of them that may be  obtained  from any source (i) by
               SAVVIS by virtue of its performance  under this Agreement or (ii)
               by  Telerate  by  virtue  of  its  use  of  the  Networks.   Such
               information  shall also include the terms of this  Agreement (and
               negotiations  and  proposals  from one party to the other related
               directly  thereto),  network designs and design  recommendations,
               tools and programs, pricing, methods, processes,  financial data,
               software,  research,  development,  strategic  plans  or  related
               information.   All  such  information   disclosed  prior  to  the
               execution of this Agreement shall also be considered Confidential
               Information   for  purposes  of  this   Agreement.   Confidential
               Information shall not include information that:

                      (a)  is already rightfully known to the receiving party at
                           the time it is obtained by such party,  free from any
                           obligation to keep such information confidential; or

                      (b)  is or becomes  publicly known through no wrongful act
                           of the receiving party; or

                                       28
<PAGE>

                      (c)  is rightfully  received by the receiving party from a
                           third party without restriction and without breach of
                           this Agreement.

                  "DISTRIBUTOR  COUNTRY" means any country in which the products
                  and  services  of  Telerate  and  Telerate   Subsidiaries  are
                  provided through third-party distributors.

                  "EFFECTIVE  DATE" means the date set forth in the  Preamble of
                  this Agreement.

                  "EUROPE" means Austria,  Belgium,  Denmark,  Finland,  France,
                  Germany,   Greece,  Hungary,   Ireland,   Italy,   Luxembourg,
                  Netherlands,   Norway,  Poland,  Spain,  Sweden,  Switzerland,
                  Turkey and the United Kingdom.

                  "EVENT OF DEFAULT BY SAVVIS" has the meaning  assigned to such
                  term in Section 7.1 of this Agreement.

                  "INITIAL  TERM"  means a period of ten  consecutive  Agreement
                  Years beginning on the Effective Date.

                  "INSTALLATION  SITE"  means  any  facility  of  Telerate  or a
                  Telerate  Subsidiary or of vendors or customers of Telerate or
                  a Telerate  Subsidiary at which one or more of the Networks is
                  installed.

                  "MARKET HOURS" means,  with respect to any Installation  Site,
                  the  period of time  beginning  two hours  before  the time at
                  which trading opens on the  principal  securities  exchange or
                  automated  quotation system  designated by Telerate in writing
                  from time to time as being used by the  purchasers and sellers
                  of securities at such Installation  Site, and ending two hours
                  after the time at which such trading ceases to be conducted.

                  "MINIMUM ANNUAL  COMMITMENT" has the meaning  assigned to such
                  term in Schedule 3.1 of this Agreement.

                  "NETWORK"  AND  "NETWORKS"  have the meaning  assigned to such
                  terms in Section 2.1 of this Agreement.

                  "REPLACED  ROUTERS"  has the meaning  assigned to such term in
                  Section 2.7 of this Agreement.

                  "QUALITY OF SERVICE  STANDARDS"  means the  standards  for the
                  performance  of the Networks  contained in Schedule 2.2 hereto
                  or an Addendum to this Agreement.

                  "SAVVIS" means SAVVIS Communications  Corporation,  a Missouri
                  corporation, and its successors and assigns.

                  "SAVVIS BACKBONE" means those facilities that are owned by, or
                  leased to, SAVVIS providing  telecommunications  utilizing the
                  Internet Protocol.

                                       29
<PAGE>

                  "SAVVIS  PARENT" means SAVVIS  Communications  Corporation,  a
                  Delaware corporation.

                  "SAVVIS  SUBSIDIARIES"  has the  meaning  assigned to the term
                  "BUYER   SUBSIDIARIES"   in  the  Master   Establishment   and
                  Transition Agreement.

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

                  "TELERATE"   means   Telerate   Holdings,   Inc.,  a  Delaware
                  corporation.

                  "TELERATE   SUBSIDIARIES"   means  the  direct  and   indirect
                  subsidiaries  of  Telerate  which  will  be  involved  in  the
                  operation or ownership of the Acquired Network Facilities.

                  "TRANSITION  PERIOD" has the meaning  assigned to such term in
                  Section 6.3 of this Agreement.

2.       THE NETWORKS AND QUALITY OF SERVICE STANDARDS

         2.1.     SAVVIS  agrees  to use  the  Acquired  Network  Facilities  to
                  provide  (or to cause the SAVVIS  Subsidiaries  to provide) to
                  Telerate and the Telerate  Subsidiaries the following  managed
                  packet-data  transport  networks,   including  the  operation,
                  management and maintenance thereof:

                 (a)  a global office-automation network, providing connectivity
                      among  the  offices  of  Telerate   and  Bridge  (the  "OA
                      NETWORK"),

                 (b)  a  global  data   collection   network  (the   "COLLECTION
                      NETWORK") and

                 (c)  a global  data  distribution  network  (the  "DISTRIBUTION
                      NETWORK"),

                 which shall be referred to in this  Agreement  collectively  as
                 the "NETWORKS" and individually as a "NETWORK."

         2.2.    Each  Network  shall be  operated,  managed and  maintained  by
                 SAVVIS.  SAVVIS  may,  but  shall  not  be  obligated  to,  use
                 facilities of SAVVIS other than the Acquired Network Facilities
                 to provide  all or any part of any  Network.  Beginning  on the
                 first  anniversary of the Effective Date and  thereafter,  each
                 Network  shall be operated,  managed and  maintained  by SAVVIS
                 according  to the  Quality  of Service  Standards  set forth in
                 Schedule  2.2  hereof,  and  SAVVIS  shall be  responsible  for
                 monitoring the  performance of the Networks with respect to the
                 Quality of Service  Standards and shall  provide  Telerate with
                 monthly reports of such performance.  If the Quality of Service
                 Standards are not met with respect to a particular Installation
                 Site in any month,  Telerate shall be entitled to receive, upon
                 written  request by  Telerate  within 30 days of its receipt of
                 the  performance

                                       30
<PAGE>

                 report for such  Installation  Site for such month, a credit in
                 the amount set forth on Schedule  2.2  attached  hereto,  which
                 amount shall be deemed to be one month's charges  applicable to
                 such  Installation  Site under this  Agreement  with respect to
                 such  month;  provided,  however,  that  Telerate  shall not be
                 entitled  to such credit to the extent that the failure to meet
                 the  Quality  of  Service   Standards   with  respect  to  such
                 Installation  Site is due to (i) an act or omission of Telerate
                 or a Telerate Subsidiary or a vendor or customer of Telerate or
                 a Telerate  Subsidiary  or (ii)  equipment or software  used by
                 Telerate and not  provided by SAVVIS.  Not more than one credit
                 of  one  month's  charges  shall  be  given  for  a  particular
                 Installation  Site  for a  particular  month.  The  Quality  of
                 Service  Standards  shall not apply to the  provision  of Local
                 Access  Facilities  in  countries  in which  the  products  and
                 services of Telerate  and  Telerate  Subsidiaries  are provided
                 through  third-party  distributors.  For all  purposes  of this
                 Agreement, including without limitation the determination of an
                 Event of Default by SAVVIS,  the  Quality of Service  Standards
                 applicable to a particular Installation Site in any month shall
                 be deemed to have been met unless Bridge, within 30 days of its
                 receipt of the performance  report for such  Installation  Site
                 for such month, requests in writing a credit as set forth above
                 with respect to such Installation Site for such month.

         2.3.    SAVVIS agrees that, for the term of this Agreement, the network
                 operations  centers for the Networks shall be managed by Bridge
                 under the Technical Services Agreement; provided, however, that
                 SAVVIS  shall not be  restricted  from  building,  managing and
                 operating  one or more  network  operations  centers  for  such
                 portions of the SAVVIS  Backbone or other  operations of SAVVIS
                 that are not used to provide the Networks to Telerate.

         2.4.    [Intentionally omitted.]

         2.5.    Unless otherwise mutually agreed by the parties,  each Addendum
                 providing for the provision of  Additional  Network  Facilities
                 shall  have a term of  three  years.  Such  Addendum  may  also
                 include  provisions  with respect to the level of redundancy to
                 be provided  and the Quality of Service  Standards  to apply to
                 such Additional  Network  Facilities.  In providing  Additional
                 Network  Facilities,  SAVVIS  agrees to use its best efforts to
                 expedite the  provisioning  of the circuits for such Additional
                 Network  Facilities  in  those  instances  in which  SAVVIS  is
                 responsible for provisioning such circuits.

         2.6.    Throughout  the term of this  Agreement,  SAVVIS  shall use its
                 commercially  reasonable  best  efforts to continue to meet the
                 requests of Telerate to enhance the total capacity,  geographic
                 extension  and  performance  quality  of the  Networks,  and to
                 maintain  its  research  and  development  effort  at  a  level
                 appropriate  to sustain  the  ability of Telerate to compete on
                 the basis of the quality of the Networks.

         2.7.    The parties  acknowledge that SAVVIS intends to replace certain
                 existing  routers among the Acquired  Network  Facilities  (the
                 "REPLACED  ROUTERS")  with new  equipment  promptly  after  the
                 Effective  Date.  It is the  intention  of the parties that

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<PAGE>

                 the Replaced Routers will be re-deployed at Installation  Sites
                 at which  one or more 56 Kbps  ports or 64 Kbps  ports  will be
                 provided by SAVVIS using Additional  Network  Facilities as set
                 forth in Section 3.1 hereof. SAVVIS agrees to manage the use of
                 its  inventory  of routers in order to  re-deploy  the  maximum
                 number of Replaced  Routers as is commercially  reasonable.  So
                 long as Replaced Routers are available for re-deployment during
                 the 18 months  following the Effective Date,  SAVVIS agrees not
                 to make any bulk  purchases of additional  routers  without the
                 prior   written   consent  of  Telerate,   which  will  not  be
                 unreasonably  withheld.   Upon  the  expiration  of  18  months
                 following the Effective  Date, the parties shall  determine the
                 number of Replaced  Routers that the parties mutually agree are
                 likely to be so re-deployed within the succeeding 12 months.

3.      RATES AND CHARGES

         3.1.    Telerate  shall pay SAVVIS for the Networks  using the Acquired
                 Network Facilities and Additional Network Facilities  according
                 to the rates and charges set forth in Schedule 3.1 hereof.

         3.2.    The parties recognize that certain savings might be obtained by
                 consolidating  the multiple  Local Access  Facilities  that are
                 provided at such building  locations on the Effective  Date. In
                 the event that SAVVIS  consolidates  the multiple  Local Access
                 Facilities  at one or  more  of  such  building  locations  and
                 obtains  cost  savings as a result  thereof,  the parties  will
                 mutually agree within 30 days following such  consolidation  on
                 the manner in which such savings shall be shared between SAVVIS
                 and  Telerate,  if only Telerate or Telerate  Subsidiaries  use
                 those consolidated Local Access Facilities,  or between SAVVIS,
                 Telerate and Bridge, if both Telerate or Telerate  Subsidiaries
                 and Bridge or any subsidiaries of Bridge use those consolidated
                 Local Access Facilities. Any reduction pursuant to this Section
                 shall not affect the Minimum Annual Commitment.

         3.3.    For any Installation Site to which SAVVIS is providing services
                 both  under this  Agreement  and the  Bridge  Network  Services
                 Agreement,   the  rates   and   charges   applicable   to  such
                 Installation Site under this Agreement shall be one-half of the
                 rates and charges that would  otherwise be  applicable  to such
                 Installation Site under this Agreement.

4.      STRATEGIC ADVISORY COMMITTEE

         4.1.    According to the Bridge Network Services  Agreement,  within 30
                 days after the  Effective  Date,  SAVVIS  and Bridge  will each
                 appoint  three senior  executives  to the  "STRATEGIC  ADVISORY
                 COMMITTEE,"   and  one  outside   consultant  will  be  jointly
                 appointed by both parties.

         4.2.    The  mission of the  Strategic  Advisory  Committee  will be to
                 review the  performance of the Networks,  to serve as forum for
                 the  consideration  and  discussion  of issues raised by either
                 SAVVIS or Bridge with respect to the

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<PAGE>

                 Networks,   and  to  discuss   issues  related  to  the  future
                 development  of  the  data  transport  and  Internet   Protocol
                 backbone   operations   of  SAVVIS  in  the   context   of  the
                 relationship of SAVVIS, Telerate and Bridge.

5.      INVOICES

         5.1.    The amounts due to SAVVIS from  Telerate for the  installation,
                 operation,  management and maintenance of the Networks shall be
                 billed  monthly  in  advance.  All  items on  invoices  not the
                 subject of a bona fide dispute  shall be payable by Telerate in
                 United States  currency within 30 days from the date of receipt
                 of the  invoice.  All  amounts  not in dispute  are  subject to
                 interest charges of 1-1/2 percent that will accrue daily on all
                 amounts  not paid  within 30 days of the date of receipt of the
                 invoice.

         5.2.    At any time and from time to time,  Telerate  may,  by  written
                 notice to SAVVIS,  have one or more Installation  Sites removed
                 from the Networks. Each monthly invoice from SAVVIS to Telerate
                 shall reflect a reduction in the amount charged to Telerate for
                 the Networks  resulting  from any such removal of  Installation
                 Sites.  In the case of any  Installation  Site removed from the
                 Acquired  Network  Facilities,  such reduction shall be the sum
                 of:

                 (a)  the actual cost of the Local Access Facilities  connecting
                      the Acquired Network Facilities to such Installation Site,
                      effective as of such time as SAVVIS is no longer  required
                      to pay such costs, and

                 (b)  the  amounts set forth on Schedule  5.2  attached  hereto,
                      which are deemed to be one month's  charges  applicable to
                      such  Installation  Site under this Agreement with respect
                      to such month during the first Agreement  Year,  according
                      to connection speed at such Installation  Site,  effective
                      as of such time as such  Installation Site is disconnected
                      from the Networks.

         5.3.    Telerate shall pay any sales,  use,  federal  excise,  utility,
                 gross  receipts,  state and local  surcharges,  value added and
                 similar  taxes,  charges  or levies  lawfully  levied by a duly
                 constituted  taxing authority against or upon the Networks.  In
                 the   alternative,   Telerate   shall  provide  SAVVIS  with  a
                 certificate  evidencing Telerate's exemption from payment of or
                 liability for such taxes.  All other taxes,  charges or levies,
                 including  any ad  valorem,  income,  franchise,  privilege  or
                 occupation taxes of SAVVIS shall be paid by SAVVIS.

         5.4.    Bona fide disputes concerning invoices shall be referred to the
                 parties'  respective  representatives  who  are  authorized  to
                 resolve such matters.  Any amount to which Telerate is entitled
                 as a result of the  resolution  of a billing  dispute  shall be
                 credited  promptly to Telerate's  account.  Any amount to which
                 SAVVIS is entitled as a result of the  resolution  of a billing
                 dispute shall be paid promptly to SAVVIS.

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<PAGE>

         5.5.    Against  the  amounts  owed by  Telerate  to SAVVIS  under this
                 Agreement,  Telerate shall have the right to offset any amounts
                 owed by SAVVIS to Telerate  under this  Agreement,  and against
                 any amounts owed by SAVVIS to Bridge  under the Bridge  Network
                 Services  Agreement,   the  Technical  Services  Agreement,  or
                 otherwise,  including  without  limitation  any amounts paid by
                 Bridge  on  behalf  of  SAVVIS  under  guarantees  by Bridge of
                 obligations of SAVVIS.

6.      TERM AND EXTENSIONS

         6.1.    This  Agreement  shall commence on the Effective Date and shall
                 continue in full force and effect for the  Initial  Term unless
                 terminated  or  extended  in  accordance  with  the  provisions
                 hereof.

         6.2.    The term of this  Agreement may be extended by Telerate for one
                 additional five-year period by giving SAVVIS written notice not
                 less  than one year  before  the  scheduled  expiration  of the
                 Initial Term.

         6.3.    Upon the  termination of this Agreement in accordance  with its
                 scheduled  expiration  or by  Telerate  pursuant  to Section 7,
                 SAVVIS will continue to provide the Networks in accordance with
                 the terms and conditions  herein  (excluding the Minimum Annual
                 Commitment)  for a  period  of  up  to  five  years  after  the
                 effective date of termination (the "TRANSITION PERIOD"). During
                 the Transition Period, Telerate shall pay SAVVIS for the use of
                 the  Networks at the rates in effect for third party  customers
                 of SAVVIS at the effective date of termination. If Telerate has
                 not completely  transitioned from its use of the Networks after
                 the  Transition  Period,  SAVVIS will  provide the  Networks at
                 SAVVIS' then current list rates.  SAVVIS and its successor will
                 cooperate with Telerate until Telerate has completely  migrated
                 to another provider.

7.       TERMINATION BY TELERATE

         7.1.    An "EVENT OF DEFAULT BY SAVVIS" shall be deemed to occur if:

                 (a)  SAVVIS  has  failed to a  material  degree to  perform  or
                      comply  with or has  violated  to a  material  degree  any
                      material  representation,  warranty,  term,  condition  or
                      obligation of SAVVIS under this Agreement,  and SAVVIS has
                      failed to cure such  failure or  violation  within 60 days
                      after receiving notice thereof from Telerate; or

                 (b)  SAVVIS  becomes the subject of a voluntary or  involuntary
                      bankruptcy,  insolvency,   reorganization  or  liquidation
                      proceeding,   makes  an  assignment  for  the  benefit  of
                      creditors, or admits in writing its inability to pay debts
                      when due; or

                 (c)  an Event of  Default  by SAVVIS  occurs  under the  Bridge
                      Network Services Agreement.

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<PAGE>

         7.2.    Telerate shall have the right to terminate this Agreement, with
                 no  liability  to  SAVVIS  other  than for  charges  (less  any
                 applicable  credits)  for the Networks  provided  prior to such
                 termination, if:

                 (a)  Telerate  provides  written notice to SAVVIS,  at any time
                      after the ninth  anniversary  of the  Effective  Date,  of
                      Telerate's  intent to terminate,  such  termination  to be
                      effective  not less  than one year  following  the date of
                      such notice; or

                 (b)  Telerate  provides 10 days written notice of its intent to
                      terminate  in the event that an Event of Default by SAVVIS
                      occurs.

         7.3.    For  purposes  of  Section  7.1(a),  if the  Quality of Service
                 Standards are not met with respect to a particular Installation
                 Site in any  month,  SAVVIS  shall be deemed to have cured such
                 failure within 60 days if the Quality of Service  Standards are
                 met with  respect to such  Installation  Site in the  following
                 month. A failure of the Quality of Service  Standards to be met
                 shall not  constitute  an Event of Default or give Telerate the
                 right to  terminate  this  Agreement  to the  extent  that such
                 failure  is due to (i) an  act or  omission  of  Telerate  or a
                 Telerate  Subsidiary  or a vendor or  customer of Telerate or a
                 Telerate  Subsidiary  or (ii)  equipment  or  software  used by
                 Telerate  and not provided by SAVVIS.  The parties  acknowledge
                 and agree that the failure of the Quality of Service  Standards
                 to be met with respect to one or more Installation Sites in one
                 or more  months may,  but does not  necessarily,  constitute  a
                 failure  by SAVVIS to a  material  degree to  perform or comply
                 with,  or a  violation  to a material  degree of, any  material
                 representation,  warranty,  term,  condition or  obligation  of
                 SAVVIS under this Agreement.

         7.4.    As provided in Section 2.2, for all purposes of this Agreement,
                 including  without  limitation the determination of an Event of
                 Default by SAVVIS  under this  Section,  the Quality of Service
                 Standards  applicable to a particular  Installation Site in any
                 month shall be deemed to have been met unless Telerate,  within
                 30  days  of its  receipt  of the  performance  report  of such
                 Installation Site for such month,  requests in writing a credit
                 as set forth in Section 2.2 with  respect to such  Installation
                 Site for such month.

8.      TERMINATION BY SAVVIS

         8.1.    SAVVIS shall have the right to terminate this Agreement if:

                 (a)  Telerate  has  failed to pay any  invoice  that is not the
                      subject of a bona fide dispute  within 60 days of the date
                      on which  such  payment  is due and  SAVVIS  has  provided
                      Telerate  with  written  notice  thereof,   provided  that
                      Telerate  shall  have a  further  30 days from the time it
                      receives such notice from SAVVIS of nonpayment to cure any
                      such default;

                                       35
<PAGE>

                 (b)  SAVVIS  provides 10 days  written  notice of its intent to
                      terminate in the event that Telerate has failed to perform
                      or   comply   with   or   has    violated   any   material
                      representation, warranty, term, condition or obligation of
                      Telerate under this Agreement,  and Telerate has failed to
                      cure  such  failure  or  violation  within  60 days  after
                      receiving notice thereof from SAVVIS;

                 (c)  Telerate becomes the subject of a voluntary or involuntary
                      bankruptcy,  insolvency,   reorganization  or  liquidation
                      proceeding,   makes  an  assignment  for  the  benefit  of
                      creditors, or admits in writing its inability to pay debts
                      when due; or

                 (d)  SAVVIS  becomes  entitled to terminate the Bridge  Network
                      Services Agreement pursuant to the terms thereof.

         8.2.    Notwithstanding  the provisions of Section 8.1(b) above, SAVVIS
                 shall  not have the right to  terminate  this  Agreement  under
                 Section  8.1(b)  solely for a failure by Telerate to perform or
                 comply with, a violation  by Telerate  of, the  obligations  of
                 Telerate under Section 15  (Confidentiality) of this Agreement,
                 without prejudice,  however,  to such rights as SAVVIS may have
                 pursuant to such  Section  and to such  rights and  remedies to
                 which  SAVVIS  may be  entitled,  at law or in  equity,  as the
                 result of an actual or  threatened  breach by  Telerate of such
                 Section.

9.      ACCEPTANCE OF ADDITIONAL NETWORK FACILITIES

         9.1.    Upon the installation of Additional  Network  Facilities at any
                 Installation  Site,  SAVVIS shall conduct  appropriate tests to
                 establish that such Additional  Network  Facilities  perform in
                 accordance  with  mutually  agreed  upon  acceptance   criteria
                 ("ACCEPTANCE  CRITERIA") set forth in the  applicable  Addendum
                 entered into pursuant to Section 2.5, and shall promptly inform
                 Telerate of such test  results.  If test  results show that the
                 Additional Network Facilities are performing in accordance with
                 the Acceptance Criteria, Telerate shall be deemed to accept the
                 Additional   Network   Facilities  at  the  Installation   Site
                 immediately.

         9.2.    If SAVVIS'  tests  establish  that newly  installed  Additional
                 Network  Facilities at the Installation  Site do not perform in
                 accordance with the mutually  agreed upon Acceptance  Criteria,
                 then SAVVIS shall  immediately  and  diligently  exert its best
                 efforts  to bring the  Additional  Network  Facilities  at such
                 Installation  Site  into  compliance.  SAVVIS  shall  not  bill
                 Telerate  for  the  Additional   Network   Facilities  at  such
                 Installation   Site  until  the  test  results  show  that  the
                 Additional Network Facilities are performing in accordance with
                 the Acceptance Criteria.

         9.3.    Upon repair or restoration of any part of the Networks,  SAVVIS
                 shall conduct  appropriate tests to establish that the Networks
                 perform in  accordance  with  mutually  agreed upon  Acceptance
                 Criteria  and  shall  promptly  inform  Telerate  of such  test
                 results.

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<PAGE>

10.     RIGHTS AND OBLIGATIONS OF TELERATE

         10.1.   SITE  PREPARATION.  For the installation of Additional  Network
                 Facilities,  Telerate  shall,  at its own expense,  provide all
                 necessary  preparations of each Installation Site in accordance
                 with the requirements to be mutually agreed upon by the parties
                 and set forth in an Addendum  hereto,  including inside wiring,
                 demarcation  extension  and rack  mount  accessories.  Telerate
                 shall ensure that Telerate-provided equipment is on-site by the
                 scheduled   installation   date.   If  SAVVIS  is  required  to
                 reschedule  the  installation  of  Telerate-provided  equipment
                 because it is not on-site by the scheduled  installation  date,
                 Telerate shall pay SAVVIS to redispatch installation personnel.

         10.2.    PROPER USE OF NETWORKS.

                  10.2.1. Telerate shall use any equipment provided by SAVVIS in
                          connection  with the Networks in  accordance  with its
                          documentation,  which  documentation shall be provided
                          by SAVVIS at no additional  charge.  Unless  otherwise
                          provided   herein,   upon  the   termination  of  this
                          Agreement  Telerate  shall  surrender  to  SAVVIS  the
                          equipment  provided by SAVVIS,  in good working order,
                          ordinary wear and tear excepted.

                  10.2.2. Telerate  shall be liable for damages to the  Networks
                          caused by the  negligence or willful acts or omissions
                          of   Telerate's   officers,   employees,   agents   or
                          customers,  for loss through theft or vandalism of the
                          Networks at the Installation  Site, and for damages to
                          the  Networks  caused  by  the  use  of  equipment  or
                          supplies  not  provided  hereunder  or  not  otherwise
                          authorized by SAVVIS.

                  10.2.3. Telerate shall neither permit nor assist others to use
                          the Networks for any purpose other than that for which
                          they are  intended,  nor fail to  maintain  a suitable
                          environment  specified  by  SAVVIS  in the  applicable
                          schedule, nor alter, tamper with, adjust or repair the
                          Networks. Any such alteration,  tampering,  adjustment
                          or repair by Telerate  shall  relieve  SAVVIS from any
                          liability  or  obligation   hereunder  (including  any
                          warranty  or  indemnity  obligation)  relating  to the
                          affected  Network,  and  Telerate  shall be  liable to
                          SAVVIS for any  documented  direct  costs  incurred by
                          SAVVIS as a result of such actions.

         10.3.    ABUSE OR FRAUDULENT USE OF NETWORKS.  Telerate shall not abuse
                  or fraudulently use the Networks,  or use the Networks for any
                  unauthorized or illegal purposes, and shall neither permit nor
                  assist others to do so, including but not limited to:

                 (a)  obtaining  or   attempting   to  obtain   service  by  any
                      fraudulent means or device to avoid payment; or

                                       37
<PAGE>

                 (b)  accessing,  altering  or  destroying  any  information  of
                      another  party  by any  fraudulent  means  or  device,  or
                      attempting to do so; or

                 (c)  using the Networks so as to interfere  with the use of the
                      SAVVIS  network by other SAVVIS  customers  or  authorized
                      users or in violation of law or in support of any unlawful
                      act; or

                 (d)  using the Networks for voice communications over a private
                      network in jurisdictions where such use is not allowed; or

                 (e)  using the Networks in a manner contrary to or inconsistent
                      with such  acceptable use policies as SAVVIS may adopt and
                      publish  from  time  to  time   consistent  with  industry
                      standards.

                  Notwithstanding  the  provisions of Section 8, upon the breach
                  of this Section 10.3 by Telerate,  SAVVIS shall have the right
                  to terminate this Agreement with respect to all or part of the
                  Networks immediately upon written notice to Telerate.

10.4.   COVENANT NOT TO COMPETE.

         10.4.1. As an inducement to SAVVIS to enter into this Agreement,  which
                 Telerate acknowledges is of benefit to it, and in consideration
                 of the  promises  and  representations  of  SAVVIS  under  this
                 Agreement,  Telerate  covenants and agrees that during the term
                 of this  Agreement  and for a period of five years  thereafter,
                 neither  Telerate nor any of its  successors  or assigns  will,
                 directly or indirectly,  engage in, or have any interest in any
                 other person, firm, corporation or other entity engaged in, any
                 business  activities  anywhere in the world competitive with or
                 similar  or  related  to  the  packet-data   transport  network
                 services  provided by SAVVIS  under this  Agreement;  provided,
                 however,  that (i) Telerate and the Telerate Subsidiaries shall
                 be free to continue  to use the Call  Assets and the  satellite
                 networks currently used by Telerate,  until such Call Assets or
                 satellite  networks  have been acquired by SAVVIS or the SAVVIS
                 Subsidiaries   pursuant   to  the  Master   Establishment   and
                 Transition  Agreement,  and (ii) Telerate shall be free to make
                 passive  investments  in securities  of companies  that provide
                 network  services in competition with SAVVIS which, in the case
                 of any such security, does not constitute more than ten percent
                 (10%) of the total outstanding amount of such security.

         10.4.2. If any court or tribunal of competent jurisdiction shall refuse
                 to enforce one or more of the  covenants  in this  Section 10.4
                 because   the  time   limit   applicable   thereto   is  deemed
                 unreasonable,  it is expressly  understood and agreed that such
                 covenant  or  covenants  shall  not be void  but  that  for the
                 purpose  of such  proceedings  such  time  limitation  shall be
                 deemed to be  reduced  to the  extent  necessary  to permit the
                 enforcement of such covenant or covenants.

                                       38
<PAGE>

         10.4.3. If any court or tribunal of competent jurisdiction shall refuse
                 to enforce any or all of the  covenants  in this  Section  10.4
                 because, taken together, they are more extensive (whether as to
                 geographic area, scope of business or otherwise) than is deemed
                 to be reasonable, it is expressly understood and agreed between
                 the parties hereto that such covenant or covenants shall not be
                 void  but  that  for  the  purpose  of  such   proceedings  the
                 restrictions  contained therein (whether as to geographic area,
                 scope of business or  otherwise)  shall be deemed to be reduced
                 to the  extent  necessary  to permit  the  enforcement  of such
                 covenant or covenants.

         10.4.4. Telerate   specifically   acknowledges   and  agrees  that  the
                 foregoing covenants are commercially  reasonable and reasonably
                 necessary  to  protect  the  interests  of  SAVVIS   hereunder.
                 Telerate hereby acknowledges that SAVVIS and its successors and
                 assigns  will suffer  irreparable  and  continuing  harm to the
                 extent that any of the foregoing covenants is breached and that
                 legal  remedies  would be  inadequate  in the event of any such
                 breach.

11.     RIGHTS AND OBLIGATIONS OF SAVVIS

         11.1.   PROVISION OF THE NETWORKS.  SAVVIS shall operate,  maintain and
                 manage  the  Networks  at  the  Installation  Sites  using  the
                 Acquired  Network  Facilities in accordance with the Quality of
                 Service Standards and other terms of this Agreement,  including
                 all Addenda hereto.

11.2.   REPRESENTATIONS AND WARRANTIES.

         11.2.1. [Intentionally omitted.]

         11.2.2. SAVVIS hereby  represents and warrants that the terms hereof do
                 not conflict in any respect  whatsoever  with any SAVVIS tariff
                 on file with the  Federal  Communications  Commission  or other
                 regulatory body. If, during the term of this Agreement,  SAVVIS
                 shall file a contract specific tariff governing the Networks or
                 any portion thereof,  such tariff filing shall be consistent in
                 all respects with the terms of this Agreement, and SAVVIS shall
                 give Telerate 10 days advance  written  notice of making such a
                 tariff  filing  and  of  filing  any  subsequent  modifications
                 thereto.

         11.2.3. THE FOREGOING  WARRANTIES ARE IN LIEU OF ALL OTHER  WARRANTIES,
                 EXPRESS  OR  IMPLIED,   INCLUDING  THE  IMPLIED  WARRANTIES  OF
                 MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

         11.3.   So  long  as  Bridge  is  the  beneficial  owner  of 20% of the
                 outstanding  voting securities of SAVVIS Parent,  SAVVIS Parent
                 shall not,  without the prior written  consent of Bridge,  take
                 any action or otherwise  enter into any agreement,

                                       39
<PAGE>

                 arrangement or understanding,  including without limitation the
                 creation or  issuance of any class of stock or other  security,
                 or any agreement with any  shareholder  of SAVVIS  Parent,  the
                 effect of which would be to provide any  shareholder  of SAVVIS
                 Parent with any voting or  registration  rights superior to the
                 voting or registration rights of Bridge, other than as required
                 by law.

         11.4.   SAVVIS  acknowledges that the occurrence of Event of Default by
                 SAVVIS,  arising  from either (i) a failure of the  Networks to
                 meet  Quality  of  Service  Standards  or (ii) a total  loss to
                 Telerate of the use of the  Networks,  could cause  irreparable
                 harm to  Telerate,  the  amount  of which may be  difficult  to
                 determine,  thus  potentially  making  any  remedy at law or in
                 damages  inadequate.  SAVVIS,  therefore,  agrees that Telerate
                 shall  have  the  right to  apply  to any  court  of  competent
                 jurisdiction  for  injunctive  relief upon the occurrence of an
                 Event of Default by SAVVIS or the occurrence of an event which,
                 with the passage of time or the giving of notice,  could become
                 an Event of  Default  by SAVVIS  and for any other  appropriate
                 relief.  This right shall be in  addition  to any other  remedy
                 available to Telerate in law or equity.  SAVVIS  further agrees
                 that,  upon the  occurrence  of an Event of  Default by SAVVIS,
                 SAVVIS shall pay to Telerate,  as liquidated damages and not as
                 a penalty,  an amount equal to the lesser of (a) the  aggregate
                 amounts paid by Telerate to SAVVIS under this Agreement  during
                 the six months preceding such Event of Default by SAVVIS or (b)
                 $50,000,000;  provided,  however,  that  Telerate  may  recover
                 liquidated  damages  under  this  Section  only for an Event of
                 Default by SAVVIS that occurs (i) prior to any Event of Default
                 by  SAVVIS  for  which  Telerate  or  Bridge  or  any  Telerate
                 Subsidiary  or any Bridge  Subsidiary  has  claimed  liquidated
                 damages under this Section or under the Bridge Network Services
                 Agreement  or under any Local  Network  Services  Agreement  or
                 under any Bridge Local Network Services Agreement, or (ii) more
                 than 36 months  following  the most recent  Event of Default by
                 SAVVIS for which Telerate or Bridge or any Telerate  Subsidiary
                 or any Bridge Subsidiary has claimed  liquidated  damages under
                 this Section or under the Bridge Network Services  Agreement or
                 under  any  Local  Network  Services  Agreement  or  under  any
                 Telerate Local Network Services Agreement.

12.     LIMITATIONS OF LIABILITY

         12.1.   Subject to Section  11.4,  neither party shall be liable to the
                 other  for  indirect,  incidental,  consequential,   exemplary,
                 reliance  or  special  damages,   including  damages  for  lost
                 profits,  regardless of the form of action whether in contract,
                 indemnity,   warranty,  strict  liability  or  tort,  including
                 negligence  of any kind with  respect to the  Networks or other
                 conduct under this Agreement.

         12.2.   Nothing  contained in this Section  shall limit either  party's
                 liability   to  the  other  for  (a)  willful  or   intentional
                 misconduct,  including fraud, or (b) injury or death, or damage
                 to  tangible  real  or  tangible   personal   property  or  the
                 environment,  when proximately  caused by SAVVIS' or Telerate's
                 negligence or that of their

                                       40
<PAGE>

                 respective   agents,   subcontractors  or  employees.   Nothing
                 contained  in this  Section  shall limit  SAVVIS'  intellectual
                 property  indemnification  obligations  under  Section  16.1 or
                 Telerate's indemnification obligations with respect to a breach
                 of Section 10.3.

13.      EQUIPMENT AND SOFTWARE NOT PROVIDED BY SAVVIS

         13.1.   SAVVIS shall not be responsible for the installation, operation
                 or  maintenance  of  equipment  or software  not provided by it
                 under this  Agreement,  nor shall SAVVIS be responsible for the
                 transmission  or  reception  of  information  by  equipment  or
                 software  not provided by SAVVIS  hereunder.  In the event that
                 Telerate  uses  equipment  or software  not  provided by SAVVIS
                 hereunder  in a  manner  that  impairs  Telerate's  use  of the
                 Networks,  Telerate  shall not be excused from payment for such
                 use and SAVVIS shall not be responsible  for any failure of the
                 Networks  to meet the  Quality of Service  Standards  resulting
                 from the use of such  equipment or software by  Telerate.  Upon
                 notice from SAVVIS that the  equipment or software not provided
                 by SAVVIS under this Agreement is causing or is likely to cause
                 hazard,  interference  or service  obstruction,  Telerate shall
                 eliminate  the  likelihood  of  such  hazard,  interference  or
                 service obstruction.

         13.2.   Notwithstanding  the foregoing,  SAVVIS shall, at no additional
                 charge,  provide all interface  specifications for the Networks
                 reasonably  requested  by  Telerate.  SAVVIS  shall,  upon  the
                 receipt of appropriate  specifications  from  Telerate,  inform
                 Telerate  of  the  compatibility   with  the  Networks  of  any
                 equipment  or  software  that  Telerate   proposes  to  use  in
                 connection  therewith,  the effects, if any, of the use of such
                 equipment or software on the quality, operating characteristics
                 and efficiency of the Networks, and the effects, if any, of the
                 Networks on the operating characteristics and efficiency of any
                 such equipment or software.

14.      PROPRIETARY RIGHTS; LICENSE

         14.1.   SAVVIS hereby grants to Telerate and the Telerate  Subsidiaries
                 a  non-exclusive  and  non-transferable   license  to  use  all
                 programming  and  software   necessary  for  Telerate  and  the
                 Telerate  Subsidiaries  to use the  Networks.  Such  license is
                 granted for the term of this  Agreement for the sole purpose of
                 enabling  Telerate  and the  Telerate  Subsidiaries  to use the
                 Networks.

         14.2.   All title and property rights (including  intellectual property
                 rights) to the Networks (including  associated  programming and
                 software)  are and shall remain with SAVVIS or the  third-party
                 providers  thereof to  SAVVIS.  Telerate  shall not  (except as
                 permitted by applicable law) attempt to examine,  copy,  alter,
                 reverse  engineer,  decompile,   disassemble,  tamper  with  or
                 otherwise misuse the Networks, programming and software.

                                       41
<PAGE>

15.     CONFIDENTIALITY

         15.1.   During  the term of this  Agreement  and for a  period  of five
                 years from the date of its expiration or termination (including
                 all  extensions  thereof),  each party  agrees to  maintain  in
                 strict confidence all Confidential  Information.  Neither party
                 shall,  without prior written  consent of the other party,  use
                 the other  party's  Confidential  Information  for any  purpose
                 other than for the  performance of its duties and  obligations,
                 and the  exercise of its  rights,  under this  Agreement.  Each
                 party shall use, and shall cause all  authorized  recipients of
                 the other  party's  Confidential  Information  to use, the same
                 degree  of care  to  protect  the  other  party's  Confidential
                 Information  as  it  uses  to  protect  its  own   Confidential
                 Information, but in any event not less than a reasonable degree
                 of care.

         15.2.   Notwithstanding  Section  15.1,  either  party may disclose the
                 Confidential  Information  of  the  other  party  to:  (a)  its
                 employees  and the  employees,  directors  and  officers of its
                 Affiliates  as  necessary  to  implement  this  Agreement;  (b)
                 employees, agents or representatives of the other party; or (c)
                 other  persons  (including  counsel,  consultants,  lessors  or
                 managers of facilities or equipment used by such party) in need
                 of access to such information for purposes specifically related
                 to  either  party's   responsibilities  under  this  Agreement,
                 provided that any disclosure of Confidential  Information under
                 clause (c) shall be made only upon prior  written  approval  of
                 the other party and subject to the appropriate  assurances that
                 the  recipient  of such  information  shall  hold it in  strict
                 confidence.

         15.3.   Upon the  request  of the party  having  proprietary  rights to
                 Confidential  Information,  the  party  in  possession  of such
                 information  shall  promptly  return it (including  any copies,
                 extracts and  summaries  thereof,  in whatever  form and medium
                 recorded) to the  requesting  party or, with the other  party's
                 written  consent,  shall  promptly  destroy it and  provide the
                 other party with written certification of such destruction.

         15.4.   Either  party may request in writing that the other party waive
                 all or any portion of the requesting  party's  responsibilities
                 relative to the other party's  Confidential  Information.  Such
                 waiver request shall identify the affected  information and the
                 nature of the  proposed  waiver.  The  recipient of the request
                 shall respond  within a reasonable  time and, if it determines,
                 in its sole discretion,  to grant the requested waiver, it will
                 do so in writing over the  signature of an employee  authorized
                 to grant such request.

         15.5.   Telerate  and  SAVVIS   acknowledge   that  any  disclosure  or
                 misappropriation  of  Confidential  Information in violation of
                 this  Agreement  could cause  irreparable  harm,  the amount of
                 which may be difficult to determine,  thus  potentially  making
                 any  remedy  at  law  or in  damages  inadequate.  Each  party,
                 therefore,  agrees that the other party shall have the right to
                 apply  to any  court  of  competent  jurisdiction  for an order
                 restraining any breach or threatened breach of this Section and
                 for any

                                       42
<PAGE>

                 other  appropriate  relief.  This right shall be in addition to
                 any other remedy available in law or equity.

         15.6.   A party  requested or ordered by a court or other  governmental
                 authority of competent jurisdiction to disclose another party's
                 Confidential  Information  shall  notify  the  other  party  in
                 advance of any such  disclosure  and,  absent the other party's
                 consent to such disclosure, use its best efforts to resist, and
                 to assist the other  party in  resisting,  such  disclosure.  A
                 party providing another party's  Confidential  Information to a
                 court  or  other  governmental  authority  shall  use its  best
                 efforts to obtain a protective  order or  comparable  assurance
                 that the  Confidential  Information so provided will be held in
                 confidence  and not  further  disclosed  to any  other  person,
                 absent the owner's prior consent.

         15.7.   The  provisions  of  Section  15.1  above  shall  not  apply to
                 reasonably  necessary  disclosures  in  or in  connection  with
                 filings  under  any  securities  laws,  regulatory  filings  or
                 proceedings,  financial  disclosures  which in the  good  faith
                 judgment  of  the   disclosing   party  are  required  by  law,
                 disclosures   required  by  court  or  tribunal  or   competent
                 jurisdiction,  or disclosures that may be reasonably  necessary
                 in connection with the sale of securities or the performance or
                 enforcement of this Agreement or any of the obligations hereof;
                 provided,  however, that if the receiving party would otherwise
                 be  required  to  refer  to or  describe  any  aspect  of  this
                 Agreement in any of the preceding circumstances,  the receiving
                 party  shall use its  reasonable  efforts to take such steps as
                 are available under such circumstances  (such as by providing a
                 summary or synopsis) to avoid disclosure of the financial terms
                 and   conditions  of  this   Agreement.   Notwithstanding   any
                 provisions of this Agreement to the contrary,  either party may
                 disclose  the terms and  conditions  of this  Agreement  in the
                 course of a due diligence  review  performed in connection with
                 prospective  debt financing or equity  investment by, or a sale
                 to, a third party,  so long as the persons  conducting such due
                 diligence review have agreed to maintain the confidentiality of
                 such  disclosure and not to use such disclosure for any purpose
                 other such due diligence review.

16.      INDEMNIFICATIONS

         16.1.   SAVVIS shall  defend,  settle,  or otherwise  manage at its own
                 cost and expense any claim or action against Telerate or any of
                 its  directors,  officers,  employees  or assigns for actual or
                 alleged infringement by the Networks of any patent,  copyright,
                 trademark,  trade  secret or similar  proprietary  right of any
                 third  party,  except to the extent that such actual or alleged
                 infringement   arises   from  (i)  such   actual   or   alleged
                 infringement  by  the  Acquired   Network   Facilities  on  the
                 Effective  Date or (ii) an act or  omission  of  Telerate  or a
                 Telerate  Subsidiary  or a vendor or  customer of Telerate or a
                 Telerate  Subsidiary  or (iii)  equipment  or software  used by
                 Telerate  and  not  provided  by  SAVVIS  or (iv)  services  or
                 equipment  provided  by  or  on  behalf  of  Bridge  under  the
                 Technical  Services  Agreement.  Telerate  shall notify  SAVVIS
                 promptly  in  writing  of any  such  claim  or suit  and  shall
                 cooperate

                                       43
<PAGE>

                 with SAVVIS in a reasonable way to facilitate the settlement or
                 defense  thereof.  SAVVIS  further agrees to indemnify and hold
                 Telerate  harmless from and against any and all liabilities and
                 damages (whether incurred as the result of a judicial decree or
                 a settlement),  and the costs and expenses  associated with any
                 claim  or  action  of  the  type  identified  in  this  Section
                 (including reasonable attorneys' fees).

         16.2.   If, as a consequence of a claim or action of the kind described
                 in Section 16.1,  SAVVIS' or  Telerate's  use of all or part of
                 any  Network  is  enjoined,  SAVVIS  shall,  at its  option and
                 expense, either: (a) procure for Telerate the right to continue
                 using the  affected  Network;  (b) modify such  Network so that
                 they are  non-infringing,  provided that such modification does
                 not  affect the  intended  use of the  Network as  contemplated
                 hereunder. If SAVVIS does not take any of the actions described
                 in clauses (a) or (b), then Telerate may terminate the affected
                 portion of such  Network,  and SAVVIS  shall refund to Telerate
                 any prepaid charges therefor.

         16.3.   Subject to Section 12, Telerate will defend, indemnify and hold
                 harmless SAVVIS or any of its directors, officers, employees or
                 assigns  from and  against  all  loss,  liability,  damage  and
                 expense, including reasonable attorneys' fees, caused by:

                 (a)  claims  for  libel,   slander,   invasion  of  privacy  or
                      infringement of copyright,  and invasion and/or alteration
                      of private  records or data arising from any  information,
                      data  or  messages   transmitted   over  the  Networks  by
                      Telerate; and

                 (b)  claims for infringement of patents arising from the use by
                      Telerate of equipment and software,  apparatus and systems
                      not provided  hereunder in  connection  with the Networks;
                      and

                 (c)  the  violation  of  any  representations,  warranties  and
                      covenants made by Bridge in this Agreement.

         16.4.   Subject to Section 12,  SAVVIS will defend,  indemnify and hold
                 harmless Telerate or any of its directors,  officers, employees
                 or assigns  from and  against all loss,  liability,  damage and
                 expense, including reasonable attorneys' fees, caused by:

                 (a)  claims for infringement of patents arising from the use by
                      SAVVIS of equipment  and  software,  apparatus and systems
                      not provided by SAVVIS  hereunder in  connection  with the
                      Networks (other than any Acquired Network Facilities); and

                 (b)  the  violation  of  any  representations,  warranties  and
                      covenants made by SAVVIS in this Agreement.

                                       44
<PAGE>

17.      DISPUTES

         17.1.   Except as expressly provided in Schedule 4.1 of this Agreement,
                 the  resolution  of any and  all  disputes  arising  from or in
                 connection  with this  Agreement,  whether  based on  contract,
                 tort,   statute   or   otherwise,   including   disputes   over
                 arbitrability  and disputes in connection  with claims by third
                 persons  ("DISPUTES")  shall  be  exclusively  governed  by and
                 settled in accordance  with the  provisions of this Section 17.
                 The   foregoing   shall  not  preclude   recourse  to  judicial
                 proceedings to obtain injunctive,  emergency or other equitable
                 relief to enforce the provisions of this  Agreement,  including
                 specific performance, and to decide such issues as are required
                 to be resolved  in  determining  whether to grant such  relief.
                 Resolution  of Disputes with respect to claims by third persons
                 shall be deferred until any judicial  proceedings  with respect
                 thereto are concluded.

         17.2.   The  parties  hereby  agree to submit all  Disputes to rules of
                 arbitration  of the American  Arbitration  Association  and the
                 Missouri  Uniform  Arbitration  Act  (the  "RULES")  under  the
                 following provisions, which shall be final and binding upon the
                 parties,  their successors and assigns,  and that the following
                 provisions   constitute  a  binding  arbitration  clause  under
                 applicable law. Either party may serve process or notice on the
                 other in any  arbitration or litigation in accordance  with the
                 notice provisions hereof. The parties agree not to disclose any
                 information  regarding  any  Dispute  or  the  conduct  of  any
                 arbitration hereunder,  including the existence of such Dispute
                 or such  arbitration,  to any person or entity  other than such
                 employees  or  representatives  of such party as have a need to
                 know.

         17.3.   Either party may commence proceedings  hereunder by delivery of
                 written  notice  providing  a  reasonable  description  of  the
                 Dispute to the other,  including a reference to this  provision
                 (the "DISPUTE NOTICE").  Either party may initiate  arbitration
                 of a Dispute by delivery of a demand therefor (the "ARBITRATION
                 DEMAND") to the other  party not sooner  than 60 calendar  days
                 after the date of  delivery  of the  Dispute  Notice but at any
                 time  thereafter.  The  arbitration  shall be  conducted in St.
                 Louis, Missouri.

         17.4.   The arbitration  shall be conducted by three  arbitrators  (the
                 "ARBITRATORS"),  one of whom shall be selected by Telerate, one
                 by  SAVVIS,  and the  third by  agreement  of the other two not
                 later than 10 days  after  appointment  of the first  two,  or,
                 failing such agreement,  appointed pursuant to the Rules. If an
                 Arbitrator  becomes  unable  to  serve,  a  successor  shall be
                 selected  or   appointed  in  the  same  manner  in  which  the
                 predecessor Arbitrator was appointed.

17.5.             The arbitration shall be conducted pursuant to such procedures
                  as the parties may agree or, in the absence of or failing such
                  agreement,   pursuant  to  the  Rules.   Notwithstanding   the
                  foregoing,  each party  shall  have the right to  inspect  the
                  books and  records  of the  other  party  that are  reasonably
                  related to the  Dispute,  and each party shall  provide to the
                  other,  reasonably  in advance of any  hearing,  copies of all

                                       45
<PAGE>

                  documents  which such party intends to present in such hearing
                  and the names and addresses of all witnesses  whose  testimony
                  such party intends to present in such hearing.

         17.6.   All hearings shall be conducted on an expedited  schedule,  and
                 all proceedings shall be confidential.  Either party may at its
                 expense make a stenographic record thereof.

         17.7.   The  Arbitrators  shall complete all hearings not later than 90
                 calendar days after the Arbitrators'  selection or appointment,
                 and shall make a final  award not later than 30  calendar  days
                 thereafter.  The  Arbitrators  shall  apportion  all  costs and
                 expenses of the Arbitration,  including the  Arbitrators'  fees
                 and  expenses  of experts  ("ARBITRATION  COSTS")  between  the
                 prevailing and  non-prevailing  parties as the Arbitrators deem
                 fair and reasonable.  In circumstances where a Dispute has been
                 asserted or defended  against on grounds  that the  Arbitrators
                 deem  manifestly  unreasonable,  the Arbitrators may assess all
                 Arbitration  Costs  against  the  non-prevailing  party and may
                 include in the award the prevailing party's attorneys' fees and
                 expenses in connection with any and all proceedings  under this
                 Section 17.

         17.8.   Either party may assert appropriate statutes of limitation as a
                 defense  in  arbitration;  provided,  that upon  delivery  of a
                 Dispute  Notice  any  such  statute  shall  be  tolled  pending
                 resolution hereunder.

         17.9.   Pending the  resolution of any dispute or  controversy  arising
                 under this  Agreement,  the parties  shall  continue to perform
                 their respective  obligations  hereunder,  and SAVVIS shall not
                 discontinue,  disconnect  or in  any  other  fashion  cease  to
                 provide  all or any  substantial  portion  of the  Networks  to
                 Telerate  unless  otherwise  directed by Bridge.  This  Section
                 shall not apply  where (a)  Telerate  is in default  under this
                 Agreement or (b) the dispute or controversy between the parties
                 relates to harm to the  Networks  allegedly  caused by Telerate
                 and  Telerate  does not  immediately  cease and desist from the
                 activity giving rise to the dispute or controversy.

18.      FORCE MAJEURE

         18.1.   In no event shall  either  party be liable to the other for any
                 failure  to  perform  hereunder  that  is  due to  war,  riots,
                 embargoes,  strikes or other concerted acts of workers (whether
                 of a party hereto or of others), casualties, accidents or other
                 causes to the extent  that such  failure  and the  consequences
                 thereof are reasonably beyond the control and without the fault
                 or negligence of the party claiming  excuse.  Each party shall,
                 with the cooperation of the other party, use reasonable efforts
                 to  mitigate  the  extent of any  failure  to  perform  and the
                 adverse consequences thereof.

         18.2.   If SAVVIS cannot promptly  provide a suitable  temporary SAVVIS
                 alternative  to  all  or  part  of  a  Network  subject  to  an
                 interruption  in  connection  with  the  existence  of a  force
                 majeure  condition,  Telerate may, at its option and at its own
                 cost,  contract with one or more third parties for the affected
                 portion of the Network for

                                       46
<PAGE>

                 the shortest commercially  available period likely to cover the
                 reasonably  expected  duration  of the  interruption,  and  may
                 suspend  SAVVIS'  provision of such  affected  portion for such
                 period.  SAVVIS  shall not  charge  Telerate  for the  affected
                 portion thus suspended during the period of suspension.  SAVVIS
                 shall resume provision of the suspended  portion of the Network
                 upon the later of the  termination  or expiration of Telerate's
                 legally binding  commitments under contracts with third parties
                 for  alternative  services  or the  cessation  or remedy of the
                 force majeure condition.

         18.3.   In the event that a force majeure  condition shall continue for
                 more than 60 days,  Telerate may cancel the affected portion of
                 the Network with no further  liability to SAVVIS other than for
                 obligations  incurred  with  respect to such  affected  portion
                 prior to the occurrence of the force majeure condition.

         18.4.   The  consequences  arising from existence and continuation of a
                 force  majeure  condition,  including  without  limitation  any
                 interruption  of the  Networks  and the exercise by Telerate of
                 its  rights  under  this  Section  18,  shall be deemed  not to
                 constitute   a  breach   by   either   party   hereto   of  any
                 representations,  warranties  or covenants  hereunder and shall
                 not be grounds  for the  exercise  of any  remedies  under this
                 Agreement,  including without limitation remedies under Section
                 2.2 or Section 7, other than those  specified  in this  Section
                 18.

19.      GENERAL PROVISIONS

         19.1.   NO THIRD-PARTY  BENEFICIARIES.  This Agreement shall not confer
                 any rights or remedies upon any person or entity other than the
                 parties and their respective successors and permitted assigns.

         19.2.   ENTIRE  AGREEMENT.  This  Agreement  (including  the  documents
                 referred to herein)  constitutes the entire  agreement  between
                 the   parties   and   supersedes   any  prior   understandings,
                 agreements,  or  representations  by or  between  the  parties,
                 written or oral,  to the extent they  related in any way to the
                 subject matter hereof.

         19.3.   SUCCESSION AND ASSIGNMENT. This Agreement shall be binding upon
                 and inure to the benefit of the parties  named herein and their
                 respective  successors  and  permitted  assigns.  No party  may
                 assign either this  Agreement or any of its rights,  interests,
                 or obligations  hereunder without the prior written approval of
                 the  other  party,  which  consent  shall  not be  unreasonably
                 withheld.

         19.4.   COUNTERPARTS.  This  Agreement  may be  executed in one or more
                 counterparts, each of which shall be deemed an original but all
                 of which together will constitute one and the same instrument.

         19.5.   HEADINGS.  The Section headings contained in this Agreement are
                 inserted for  convenience  only and shall not affect in any way
                 the meaning or interpretation of this Agreement.

                                       47
<PAGE>

         19.6.   NOTICES.  All notices,  requests,  demands,  claims,  and other
                 communications  hereunder  will  be  in  writing.  Any  notice,
                 request,  demand, claim, or other communication hereunder shall
                 be deemed duly given if (and then two  business  days after) it
                 is  sent  by  registered  or  certified  mail,  return  receipt
                 requested,  postage  prepaid,  and  addressed  to the  intended
                 recipient as set forth below:

                 If to Telerate:  Bridge Information Systems, Inc.
                                  Three World Financial Center
                                  New York, New York 10285
                                 (212) 372-7195 (fax)
                                  Attention: Zachary Snow,
                                             Executive Vice President and
                                             General Counsel

                 If to SAVVIS:    SAVVIS Communications Corporation
                                  717 Office Parkway
                                  St. Louis, Missouri 63141
                                  (314) 468-7550 (fax)
                                  Attention:  Steven M. Gallant,
                                              Vice President and General Counsel

                 Any party may send any notice, request, demand, claim, or other
                 communication  hereunder  to  the  intended  recipient  at  the
                 address  set  forth  above  using any  other  means  (including
                 personal  delivery,   expedited  courier,   messenger  service,
                 telecopy,  telex,  ordinary mail, or electronic  mail),  but no
                 such notice,  request,  demand,  claim, or other  communication
                 shall be deemed to have been  duly  given  unless  and until it
                 actually is received by the intended  recipient.  Any party may
                 change the address to which notices, requests, demands, claims,
                 and  other  communications  hereunder  are to be  delivered  by
                 giving the other party notice in the manner herein set forth.

         19.7.   GOVERNING  LAW.  This  Agreement   shall  be  governed  by  and
                 construed in accordance  with the domestic laws of the State of
                 Missouri without giving effect to any choice or conflict of law
                 provision  or rule  (whether  of the State of  Missouri  or any
                 other  jurisdiction)  that would cause the  application  of the
                 laws of any jurisdiction other than the State of Missouri.

         19.8.   AMENDMENTS  AND WAIVERS.  No amendment of any provision of this
                 Agreement  shall be valid  unless  the same shall be in writing
                 and  signed by SAVVIS and  Telerate.  No waiver by any party of
                 any  default,  misrepresentation,  or  breach  of  warranty  or
                 covenant hereunder, whether intentional or not, shall be deemed
                 to    extend   to   any    prior   or    subsequent    default,
                 misrepresentation,  or breach of warranty or covenant hereunder
                 or affect in any way any rights  arising by virtue of any prior
                 or subsequent such occurrence.

                                       48
<PAGE>

         19.9.   SEVERABILITY.  Any term or provision of this  Agreement that is
                 invalid or  unenforceable  in any situation in any jurisdiction
                 shall  not  affect  the  validity  or   enforceability  of  the
                 remaining  terms  and  provisions  hereof  or the  validity  or
                 enforceability  of the offending term or provision in any other
                 situation or in any other jurisdiction.

         19.10.  EXPENSES.  Each  party  will bear its own  costs  and  expenses
                 (including legal fees and expenses) incurred in connection with
                 this Agreement and the transactions contemplated hereby.

         19.11.  CONSTRUCTION.  Any reference to any federal,  state,  local, or
                 foreign  statute  or law shall be  deemed  also to refer to all
                 rules  and  regulations  promulgated  thereunder,   unless  the
                 context requires  otherwise.  The word  "including"  shall mean
                 including without limitation.

         19.12.  ADDENDA AND SCHEDULES.  The Addenda and Schedules identified in
                 this Agreement are incorporated  herein by reference and made a
                 part hereof.

         IN WITNESS  WHEREOF,  the  parties  hereto  have  caused  this  Network
Services Agreement to be executed as of the date first above written.

                  THIS CONTRACT CONTAINS A BINDING  ARBITRATION  PROVISION WHICH
MAY BE ENFORCED BY THE PARTIES.

                                       SAVVIS COMMUNICATIONS CORPORATION

                                       By
                                         ---------------------------------------
                                       Name:    Steven M. Gallant
                                       Title: Vice President and General Counsel

                                       TELERATE HOLDINGS, INC.

                                       By
                                         ---------------------------------------
                                       Name: Richard R. Snape
                                       Title: Chief Operating Officer

                                       49
<PAGE>

             SCHEDULE 2.2 TO THE TELERATE NETWORK SERVICES AGREEMENT

                          QUALITY OF SERVICE STANDARDS

               [To be substantially in the form of Schedule 2.2 to
                     the Bridge Network Services Agreement]

                                       50
<PAGE>

             SCHEDULE 3.1 TO THE TELERATE NETWORK SERVICES AGREEMENT

                                     PRICING

               [To be substantially in the form of Schedule 3.1 to
                     the Bridge Network Services Agreement]

                                       51
<PAGE>
            SCHEDULE 3.1-A TO THE TELERATE NETWORK SERVICES AGREEMENT

              [To be substantially in the form of Schedule 3.1-A to
                     the Bridge Network Services Agreement]

<PAGE>

             SCHEDULE 5.2 TO THE TELERATE NETWORK SERVICES AGREEMENT

                        INSTALLATION SITE REMOVAL AMOUNTS

               [To be substantially in the form of Schedule 5.2 to
                     the Bridge Network Services Agreement]

                                       2
<PAGE>

              EXHIBIT A TO THE TELERATE NETWORK SERVICES AGREEMENT

                                  FORM OF LOCAL
                           NETWORK SERVICES AGREEMENT

         This LOCAL NETWORK SERVICES AGREEMENT (the "Agreement") is effective as
of  ___________,  2000 (the "Effective  Date") between [local SAVVIS entity],  a
[limited liability company] incorporated under the laws of [country ] ("SAVVIS")
and [local  Bridge/Telerate  entity], a [limited liability company] incorporated
under the laws of [country] ("Customer").

                                    RECITALS

         A. Customer is engaged in the business of collecting  and  distributing
various financial, news and other data in [country] (the "JURISDICTION").

         B. SAVVIS is engaged in the  business of  providing  Internet  Protocol
backbone and other data transport services in the Jurisdiction.

         C. SAVVIS  Communications  and [Bridge  Parent]/[Telerate  Parent] have
entered into the Network  Services  Agreement  for the  provision and receipt of
similar services on a world-wide basis at the parent level as are being provided
and received by the parties to this Agreement within the Jurisdiction.

         D.  Together with this  Agreement,  the SAVVIS is entering into certain
other agreements with Customer, or Affiliates of the Customer,  related to their
operations in the Jurisdiction,  including Local Transfer Agreements,  Equipment
Collocation Permits, and Local Administrative Services Agreements.

         NOW,  THEREFORE,  in  consideration  of the  premises,  and the  mutual
covenants  contained  herein and of other good and valuable  consideration,  the
receipt and  adequacy  of which are hereby  acknowledged,  the parties  agree as
follows:

1.       CONTRACT DOCUMENTS AND DEFINITIONS

         1.1.    This  Agreement  shall consist of this Local  Network  Services
                 Agreement by and between  SAVVIS and  Customer,  including  all
                 addenda to this Agreement  entered into in the manner set forth
                 herein (each an "ADDENDUM"  and  collectively  the  "ADDENDA").
                 This Agreement shall be interpreted  wherever possible to avoid
                 conflicts between the Sections hereof and the Addenda, provided
                 that if such a conflict shall arise, the Addenda shall control.

         1.2.    Whenever it is provided  in this  Agreement  for a matter to be
                 mutually  agreed  upon  by the  parties  and  set  forth  in an
                 Addendum  to this  Agreement,  either  party may  initiate  the
                 process of  determining  such matter by  submitting  a proposed
                 outline or contents of such  Addendum to the other party.  Each
                 party shall appoint

                                       3
<PAGE>

                 a primary contact and a secondary contact for the completion of
                 such Addendum,  who shall be the contact points for every issue
                 concerning  such  Addendum  and who  shall be  informed  of the
                 progress  of the  project.  The names of the  contacts  will be
                 exchanged in writing by the parties.  Using the  contacts,  the
                 parties shall work  together in good faith with such  diligence
                 as shall be commercially  reasonable under the circumstances to
                 complete such Addendum,  provided,  however, that neither party
                 shall be  obligated  to enter into such an  Addendum.  Upon the
                 completion of such Addendum, it shall be set forth in a written
                 document and executed by the parties and shall become a part of
                 this Agreement and shall be deemed to be incorporated herein by
                 reference.

         1.3.    Whenever used in this  Agreement,  the words and phrases listed
                 below  shall have the  meanings  given  below,  and all defined
                 terms shall include the plural as well as the singular.  Unless
                 otherwise  stated,  the words  "herein",  "hereunder" and other
                 similar  words refer to this  Agreement as a whole and not to a
                 particular Section or other  subdivision.  The words "included"
                 and "including"  shall not be construed as terms of limitation.
                 Capitalized   terms  not  otherwise  defined  herein  have  the
                 meanings  assigned  to  such  terms  in  the  Network  Services
                 Agreement.

                 "ACQUIRED  NETWORK  FACILITIES"  means the assets and contracts
                 for the provision of Internet  Protocol backbone and other data
                 transport  services  within  the  Jurisdiction  to  the  extent
                 acquired  by SAVVIS  pursuant to the Local  Transfer  Agreement
                 between Customer, or Affiliates of the Customer, and SAVVIS.

                 "ADDITIONAL  NETWORK FACILITIES" means any assets and contracts
                 of SAVVIS for the provision of Internet  Protocol  backbone and
                 other data transport  services other than the Acquired  Network
                 Facilities.

                 "AFFILIATE"  has the  meaning  set  forth in Rule  12b-2 of the
                 regulations  promulgated  under the Securities  Exchange Act of
                 1934, as amended.

                 "AGREEMENT  YEAR" means a period of 12 months  beginning on the
                 Effective Date and each subsequent anniversary thereof.

                 ["BRIDGE  PARENT"  means Bridge  Information  Systems,  Inc., a
                 Missouri corporation, and its successors and assigns.]

                 "CONFIDENTIAL INFORMATION" means all information concerning the
                 business of Customer,  SAVVIS or any third party doing business
                 with either of them that may be obtained from any source (i) by
                 SAVVIS by virtue of its  performance  under this  Agreement  or
                 (ii) by  Customer  by virtue of its use of the  Networks.  Such
                 information shall also include the terms of this Agreement (and
                 negotiations  and proposals from one party to the other related
                 directly thereto),  network designs and design recommendations,
                 tools and  programs,  pricing,  methods,  processes,  financial
                 data,  software,  research,  development,  strategic  plans  or
                 related  information.  All such information  disclosed prior to
                 the  execution of  this

                                       4
<PAGE>

                 Agreement shall also be considered Confidential Information for
                 purposes of this Agreement.  Confidential Information shall not
                 include information that:

                      (a)  is already rightfully known to the receiving party at
                           the time it is obtained by such party,  free from any
                           obligation to keep such information confidential; or

                      (b)  is or becomes  publicly known through no wrongful act
                           of the receiving party; or

                      (c)  is rightfully  received by the receiving party from a
                           third party without restriction and without breach of
                           this Agreement.

                 "CUSTOMER"  means [local  Bridge/Telerate  entity],  a [limited
                 liability  company]  incorporated  under the laws of [country],
                 and its successors and assigns.

                 "EFFECTIVE  DATE"  means the date set forth in the  Preamble of
                 this Agreement.

                 "EVENT OF DEFAULT BY SAVVIS" has the  meaning  assigned to such
                 term in Section 7.1 of this Agreement.

                 "INITIAL  TERM"  means a period  of ten  consecutive  Agreement
                 Years beginning on the Effective Date.

                 "INSTALLATION  SITE"  means  any  facility  of  Customer  or of
                 vendors or  customers  of  Customer at which one or more of the
                 Networks is installed.

                 "LOCAL  EXCHANGE  CARRIER"  means the local  telecommunications
                 provider(s)  from  which  SAVVIS  leases  the  lines  it  makes
                 available to Customer.

                 "LOCAL [TELERATE]/[BRIDGE]  NETWORK SERVICES AGREEMENT" means a
                 local network services agreement pursuant to which SAVVIS shall
                 provide  Internet  Protocol  backbone and other data  transport
                 services to an Affiliate of [Telerate  Parent]/[Bridge  Parent]
                 operating in the Jurisdiction.

                 "MARKET HOURS" means,  with respect to any  Installation  Site,
                 the period of time beginning two hours before the time at which
                 trading opens on the principal securities exchange or automated
                 quotation system designated by Customer in writing from time to
                 time as being used by the  purchasers and sellers of securities
                 at such Installation  Site, and ending two hours after the time
                 at which such trading ceases to be conducted.

                 "NETWORK"  and  "NETWORKS"  have the  meaning  assigned to such
                 terms in Section 2.1 of this Agreement.

                                       5
<PAGE>

                  "NETWORK  SERVICES   AGREEMENT"  means  the  Network  Services
                  Agreement   between   SAVVIS    Communications   and   [Bridge
                  Parent]/[Telerate Parent], effective as of _________, 2000.

                  "POP" means point-of-presence.

                   "QUALITY OF SERVICE  STANDARDS"  means the  standards for the
                  performance  of the Networks  contained in Schedule 2.2 hereto
                  or an Addendum to this Agreement.

                  "SAVVIS"  means [local SAVVIS  entity],  a [limited  liability
                  company]  incorporated  under the laws of  [country ], and its
                  successors and assigns.

                  "SAVVIS    COMMUNICATIONS"    means   SAVVIS    Communications
                  Corporation,  a  Missouri  corporation,   its  successors  and
                  assigns.

                  "SECURITIES  EXCHANGE ACT" means the United States  Securities
                  Exchange Act of 1934, as amended.

                  "TAIL CIRCUIT"  means the access line or other  communications
                  circuit from the SAVVIS POP to an Installation Site.

                  ["TELERATE PARENT" means Telerate  Holdings,  Inc., a Delaware
                  corporation, and its successors and assigns.]

                  "TRANSITION  PERIOD" has the meaning  assigned to such term in
                  Section 6.3 of this Agreement.

2.       THE NETWORKS AND QUALITY OF SERVICE STANDARDS

         2.1.     SAVVIS  agrees  to use  the  Acquired  Network  Facilities  to
                  provide  to  Customer  the   following   managed   packet-data
                  transport  networks,  including the operation,  management and
                  maintenance thereof:

                  (a)      that  portion of a global  office-automation  network
                           located in the Jurisdiction,  providing  connectivity
                           between the offices of  Customer,  Bridge  Parent and
                           Affiliates of Bridge Parent (the "OA NETWORK"),

                  (b)      that  portion  of a global  data  collection  network
                           located   in  the   Jurisdiction   (the   "COLLECTION
                           NETWORK") and

                  (c)      that  portion of a global data  distribution  network
                           located  in  the  Jurisdiction   (the   "DISTRIBUTION
                           NETWORK"),

                  which shall be referred to in this Agreement  collectively  as
                  the "NETWORKS" and individually as a "NETWORK."

                                       6
<PAGE>

         2.2.     Each Network  shall be  operated,  managed and  maintained  by
                  SAVVIS.  SAVVIS  may,  but  shall  not be  obligated  to,  use
                  facilities   of  SAVVIS  other  than  the   Acquired   Network
                  Facilities  to  provide  all  or  any  part  of  any  Network.
                  Beginning on the first  anniversary  of the Effective Date and
                  thereafter,  each  Network  shall  be  operated,  managed  and
                  maintained  by SAVVIS  according  to the  Quality  of  Service
                  Standards  set forth in Schedule 2.2 hereof,  and SAVVIS shall
                  be responsible  for monitoring the performance of the Networks
                  with  respect to the  Quality of Service  Standards  and shall
                  provide Customer with monthly reports of such performance.  If
                  the Quality of Service Standards are not met with respect to a
                  particular  Installation Site in any month,  Customer shall be
                  entitled to receive,  upon written  request by Customer within
                  30 days of its  receipt  of the  performance  report  for such
                  Installation  Site for such month,  a credit in the amount set
                  forth on Schedule 2.2 attached  hereto,  which amount shall be
                  deemed  to  be  one  month's   charges   applicable   to  such
                  Installation  Site under this  Agreement  with respect to such
                  month; provided,  however, that Customer shall not be entitled
                  to such  credit to the  extent  that the  failure  to meet the
                  Quality of Service Standards with respect to such Installation
                  Site is due to (i) an act or  omission of Customer or a vendor
                  or customer of Customer or (ii)  equipment or software used by
                  Customer and not provided by SAVVIS.  Not more than one credit
                  of  one  month's  charges  shall  be  given  for a  particular
                  Installation  Site for a particular month. For all purposes of
                  this Agreement, including without limitation the determination
                  of an Event of  Default  by  SAVVIS,  the  Quality  of Service
                  Standards applicable to a particular  Installation Site in any
                  month shall be deemed to have been met unless Customer, within
                  30 days of its  receipt  of the  performance  report  for such
                  Installation Site for such month, requests in writing a credit
                  as set forth above with respect to such  Installation Site for
                  such month.

         2.3.     [Intentionally omitted.]

         2.4.     In providing  Additional Network Facilities,  SAVVIS agrees to
                  use its best  efforts  to  expedite  the  provisioning  of the
                  circuits  for  such  Additional  Network  Facilities  in those
                  instances in which SAVVIS is responsible for provisioning such
                  circuits,  and to use its best efforts to avoid single  points
                  of  failure  in the  engineering  design  of  such  Additional
                  Network  Facilities,  consistent  with the level of redundancy
                  specified in the applicable Addendum.

         2.5.     Throughout  the term of this  Agreement,  SAVVIS shall use its
                  reasonable  best  efforts to continue to meet the  requests of
                  Customer to enhance the total capacity,  geographic  extension
                  and performance  quality of the Networks,  and to maintain its
                  research  and  development  effort at a level  appropriate  to
                  sustain the ability of Customer to compete on the basis of the
                  quality of the Networks.

                                       7
<PAGE>

3.       RATES AND CHARGES

         3.1.     Customer  shall pay SAVVIS for the Networks using the Acquired
                  Network Facilities and Additional Network Facilities according
                  to the rates and  charges  set  forth in  Schedule  3.1 of the
                  Network Services Agreement.

         3.2.     The parties  recognize that certain  savings might be obtained
                  by consolidating the multiple Local Access Facilities that are
                  provided at such building  locations on the Effective Date. In
                  the event that SAVVIS  consolidates  the multiple Local Access
                  Facilities  at one or  more  of such  building  locations  and
                  obtains  cost  savings as a result  thereof,  the parties will
                  mutually agree within 30 days following such  consolidation on
                  the manner in which such savings shall be shared as follows:

                          (a)  between  SAVVIS and  Customer,  if only  Customer
                               uses those  consolidated Local Access Facilities;
                               or

                          (b)  between  SAVVIS,  Customer  and the  Affiliate of
                               [Telerate Parent]/[Bridge Parent] that is a party
                               to the Local [Telerate]/[Bridge] Network Services
                               Agreement,  if both  Customer and such  Affiliate
                               use those consolidated Local Access Facilities.

         3.3.     For  any  Installation  Site  to  which  SAVVIS  is  providing
                  services    both   under   this    Agreement   and   a   Local
                  [Telerate]/[Bridge]  Network Services Agreement, the rates and
                  charges  applicable  to  such  Installation  Site  under  this
                  Agreement  shall be  one-half  of the rates and  charges  that
                  would otherwise be applicable to such  Installation Site under
                  this Agreement.

4.       PROVISION OF TAIL CIRCUITS

         4.1.     SAVVIS  shall use its  reasonable  efforts  to  provide a Tail
                  Circuit to Customer  by  contracting  with the Local  Exchange
                  Carrier  for access to the Tail  Circuit  and causing the Tail
                  Circuit to be operated,  managed,  and maintained as necessary
                  to  provide  access  thereto  to  Customer.  SAVVIS  does  not
                  guarantee  or warrant the  performance  of the Tail Circuit or
                  the   performance  by  the  Local  Exchange   Carrier  of  its
                  obligations  under any contract  between  SAVVIS and the Local
                  Exchange   Carrier,   applicable  laws  and  regulations,   or
                  standards of the industry.

         4.2.     Customer  shall not use the Tail Circuit in any way that might
                  cause SAVVIS to violate the terms and  conditions  under which
                  access to the Tail  Circuit is provided by the Local  Exchange
                  Carrier,  whether such terms and  conditions  be  contractual,
                  regulatory, or other.

         4.3.     Customer shall be responsible for only that portion of SAVVIS'
                  costs  attributable to Customer's own access to and use of the
                  Tail Circuit.  In the event that SAVVIS provides access to any
                  third  party or parties,  Customer  and SAVVIS will

                                       8
<PAGE>

                  follow the  procedure  set forth in Section 1.2 above in order
                  to  establish  a mutually  agreed  upon  method or formula for
                  determining  the amount to be charged to  Customer,  generally
                  based on a pro rata  allocation  of SAVVIS'  total costs among
                  all its customers  and other  relevant  considerations  and/or
                  fair and reasonable  adjustments in light of the circumstances
                  at that time.

5.       INVOICES

         5.1.     The amounts due to SAVVIS from Customer for the  installation,
                  operation, management and maintenance of the Networks shall be
                  billed  monthly  in  advance.  All items on  invoices  not the
                  subject of a bona fide dispute shall be payable by Customer in
                  legal currency of [jurisdiction]  within 30 days from the date
                  of receipt of the  invoice.  All  amounts  not in dispute  are
                  subject to interest  charges of 1-1/2 percent that will accrue
                  daily on all  amounts  not paid  within 30 days of the date of
                  receipt of the invoice.

         5.2.     At any time and from time to time,  Customer  may,  by written
                  notice to SAVVIS,  have one or more Installation Sites removed
                  from  the  Networks.  Each  monthly  invoice  from  SAVVIS  to
                  Customer  shall  reflect a reduction in the amount  charged to
                  Customer for the Networks  resulting  from any such removal of
                  Installation  Sites.  In the  case  of any  Installation  Site
                  removed from the Acquired Network  Facilities,  such reduction
                  shall be the sum of:

                  (a)      the  actual  cost  of  the  Local  Access  Facilities
                           connecting  the Acquired  Network  Facilities to such
                           Installation  Site,  effective  as of  such  time  as
                           SAVVIS is no longer required to pay such costs, and

                  (b)      the amounts set forth on Schedule  5.2 of the Network
                           Services  Agreement,  which  are  deemed  to  be  one
                           month's charges  applicable to such Installation Site
                           under  this  Agreement  with  respect  to such  month
                           during the first  Agreement  Year,  according  to the
                           geographic  location  and  connection  speed  at such
                           Installation Site,  effective as of such time as such
                           Installation Site is disconnected from the Networks.

         5.3.     Customer shall pay any sales,  use,  federal excise,  utility,
                  gross receipts,  state and local  surcharges,  value added and
                  similar  taxes,  charges or levies  lawfully  levied by a duly
                  constituted taxing authority against or upon the Networks.  In
                  the   alternative,   Customer  shall  provide  SAVVIS  with  a
                  certificate evidencing Customer's exemption from payment of or
                  liability for such taxes. All other taxes,  charges or levies,
                  including  any ad valorem,  income,  franchise,  privilege  or
                  occupation taxes of SAVVIS shall be paid by SAVVIS.

         5.4.     Bona fide disputes  concerning  invoices  shall be referred to
                  the parties' respective  representatives who are authorized to
                  resolve such matters. Any amount to which Customer is entitled
                  as a result of the  resolution  of a billing  dispute shall be
                  credited promptly to Customer's  account.  Any amount to which
                  SAVVIS is

                                       9
<PAGE>

                  entitled as a result of the  resolution  of a billing  dispute
                  shall be paid promptly to SAVVIS.

         5.5.     Against  the amounts  owed by  Customer  to SAVVIS  under this
                  Agreement, Customer shall have the right to offset any amounts
                  owed by SAVVIS to Customer under this Agreement, or otherwise,
                  including without limitation any amounts paid by Bridge Parent
                  on behalf  of  SAVVIS  under  guarantees  by Bridge  Parent of
                  obligations of SAVVIS.

6.       TERM AND EXTENSIONS

         6.1.     This Agreement  shall commence on the Effective Date and shall
                  continue in full force and effect for the Initial  Term unless
                  terminated  or  extended  in  accordance  with the  provisions
                  hereof.

         6.2.     The term of this Agreement may be extended by Customer for one
                  additional  five-year  period by giving SAVVIS  written notice
                  not less than one year before the scheduled  expiration of the
                  Initial Term.

         6.3.     Upon the  termination of this Agreement in accordance with its
                  scheduled  expiration  or by  Customer  pursuant to Section 7,
                  SAVVIS will  continue to provide  the  Networks in  accordance
                  with the terms and  conditions  herein  (excluding the Minimum
                  Annual  Commitment) for a period of up to five years after the
                  effective  date  of  termination  (the  "TRANSITION  PERIOD").
                  During the  Transition  Period,  Customer shall pay SAVVIS for
                  the  use of  the  Networks  at  the  rates  in  effect  at the
                  effective date of termination.  If Customer has not completely
                  transitioned from its use of the Networks after the Transition
                  Period,  SAVVIS  will  provide the  Networks  at SAVVIS'  then
                  current list rates.  SAVVIS and its successor  will  cooperate
                  with  Customer  until  Customer  has  completely  migrated  to
                  another provider.

         6.4.     The above  provisions of this Section 6  notwithstanding,  the
                  term of this  Agreement,  including  the Initial  Term and any
                  extension  provided  under  Section  6.2,  and the  Transition
                  Period  shall not  extend  beyond  the term or the  transition
                  period of the Network Services Agreement.

7.       TERMINATION BY CUSTOMER

         7.1.     An "EVENT OF DEFAULT BY SAVVIS" shall be deemed to occur if:

                  (a)      SAVVIS has failed to a material  degree to perform or
                           comply   with   or   has    violated   any   material
                           representation,    warranty,   term,   condition   or
                           obligation of SAVVIS under this Agreement, and SAVVIS
                           has failed to cure such failure or  violation  within
                           60 days after receiving notice thereof from Customer;
                           or

                                       10
<PAGE>

                  (b)      SAVVIS   becomes  the  subject  of  a  voluntary   or
                           involuntary bankruptcy, insolvency, reorganization or
                           liquidation  proceeding,  makes an assignment for the
                           benefit  of  creditors,  or  admits  in  writing  its
                           inability to pay debts when due; or

                  (c)      an Event of Default by SAVVIS  occurs under the Local
                           [Telerate]/[Bridge]  Network  Services  Agreement  or
                           SAVVIS Communications defaults under the terms of the
                           Network Services Agreement.

         7.2.     Customer  shall have the right to  terminate  this  Agreement,
                  with no liability  to SAVVIS other than for charges  (less any
                  applicable  credits) for the Networks  provided  prior to such
                  termination, if:

                  (a)      Customer  provides  written notice to SAVVIS,  at any
                           time  after the ninth  anniversary  of the  Effective
                           Date,  of  Customer's   intent  to  terminate,   such
                           termination  to be  effective  not less than one year
                           following the date of such notice; or

                  (b)      Customer  provides  10  days  written  notice  of its
                           intent to  terminate  in the  event  that an Event of
                           Default by SAVVIS occurs.

         7.3.     For  purposes  of Section  7.1(a),  if the  Quality of Service
                  Standards   are  not  met  with   respect   to  a   particular
                  Installation Site in any month, SAVVIS shall be deemed to have
                  cured such  failure  within 60 days if the  Quality of Service
                  Standards  are met with respect to such  Installation  Site in
                  the following  month.  The parties  acknowledge and agree that
                  the failure of the Quality of Service Standards to be met with
                  respect  to one or  more  Installation  Sites  in one or  more
                  months may, but does not necessarily,  constitute a failure by
                  SAVVIS to a material  degree to  perform  or comply  with or a
                  violation to a material degree of any material representation,
                  warranty,  term,  condition or obligation of SAVVIS under this
                  Agreement.

         7.4.     As  provided  in  Section   2.2,  for  all  purposes  of  this
                  Agreement,  including without  limitation the determination of
                  an Event of Default by SAVVIS under this Section,  the Quality
                  of Service Standards  applicable to a particular  Installation
                  Site in any month  shall be  deemed  to have  been met  unless
                  Customer,  within 30 days of its  receipt  of the  performance
                  report for such Installation Site for such month,  requests in
                  writing a credit as set forth in Section  2.2 with  respect to
                  such Installation Site for such month.

8.       TERMINATION BY SAVVIS

         8.1.     SAVVIS shall have the right to terminate this Agreement if:

                                       11
<PAGE>

                  (a)      Customer  has failed to pay any  invoice  that is not
                           the subject of a bona fide dispute  within 60 days of
                           the date on which such  payment is due and SAVVIS has
                           provided   Customer  with  written  notice   thereof,
                           provided that  Customer  shall have a further 30 days
                           from the time it receives  such notice from SAVVIS of
                           nonpayment to cure any such default;

                  (b)      SAVVIS  provides 10 days written notice of its intent
                           to terminate in the event that Customer has failed to
                           perform or comply with or has  violated  any material
                           representation,    warranty,   term,   condition   or
                           obligation  of  Customer  under this  Agreement,  and
                           Customer has failed to cure such failure or violation
                           within 60 days after  receiving  notice  thereof from
                           SAVVIS; or

                  (c)      Customer  becomes  the  subject  of  a  voluntary  or
                           involuntary bankruptcy, insolvency, reorganization or
                           liquidation  proceeding,  makes an assignment for the
                           benefit  of  creditors,  or  admits  in  writing  its
                           inability to pay debts when due; or

                  (d)      SAVVIS  becomes   entitled  to  terminate  the  Local
                           [Telerate]/[Bridge]  Network  Services  Agreement  or
                           SAVVIS  Communications  becomes entitled to terminate
                           the Network Services Agreement.

         8.2.     Notwithstanding the provisions of Section 8.1(b) above, SAVVIS
                  shall not have the right to  terminate  this  Agreement  under
                  Section  8.1(b) solely for a failure by Customer to perform or
                  comply with, a violation  by Customer of, the  obligations  of
                  Customer under Section 15 (Confidentiality) of this Agreement,
                  without prejudice,  however, to such rights as SAVVIS may have
                  pursuant to such  Section  and to such rights and  remedies to
                  which  SAVVIS may be  entitled,  at law or in  equity,  as the
                  result of an actual or  threatened  breach by Customer of such
                  Section.

9.       ACCEPTANCE OF ADDITIONAL NETWORK FACILITIES

         9.1.     Upon the installation of Additional  Network Facilities at any
                  Installation  Site, SAVVIS shall conduct  appropriate tests to
                  establish that such Additional  Network  Facilities perform in
                  accordance  with  mutually  agreed  upon  acceptance  criteria
                  ("Acceptance  Criteria") set forth in the applicable  Addendum
                  entered  into  pursuant  to Section  2.4,  and shall  promptly
                  inform  Customer of such test  results.  If test  results show
                  that the  Additional  Network  Facilities  are  performing  in
                  accordance  with the  Acceptance  Criteria,  Customer shall be
                  deemed to accept  the  Additional  Network  Facilities  at the
                  Installation Site immediately.

         9.2.     If SAVVIS' tests  establish  that newly  installed  Additional
                  Network  Facilities at the Installation Site do not perform in
                  accordance with the mutually agreed upon Acceptance  Criteria,
                  then SAVVIS shall  immediately  and diligently  exert its best
                  efforts to bring the  Additional  Network  Facilities  at such
                  Installation  Site  into

                                       12
<PAGE>

                  compliance.  SAVVIS shall not bill Customer for the Additional
                  Network  Facilities at such  Installation  Site until the test
                  results  show  that  the  Additional  Network  Facilities  are
                  performing in accordance with the Acceptance Criteria.

         9.3.     Upon repair or restoration of any part of the Networks, SAVVIS
                  shall conduct appropriate tests to establish that the Networks
                  perform in  accordance  with mutually  agreed upon  Acceptance
                  Criteria  and  shall  promptly  inform  Customer  of such test
                  results.

10.      RIGHTS AND OBLIGATIONS OF CUSTOMER

         10.1.    SITE PREPARATION.  For the installation of Additional  Network
                  Facilities,  Customer shall,  at its own expense,  provide all
                  necessary preparations of each Installation Site in accordance
                  with  the  requirements  to be  mutually  agreed  upon  by the
                  parties and set forth in an Addendum hereto,  including inside
                  wiring,  demarcation  extension  and rack  mount  accessories.
                  Customer  shall  ensure that  Customer-provided  equipment  is
                  on-site  by the  scheduled  installation  date.  If  SAVVIS is
                  required to reschedule the  installation of  Customer-provided
                  equipment   because  it  is  not  on-site  by  the   scheduled
                  installation  date,  Customer  shall pay SAVVIS to  redispatch
                  installation personnel.

         10.2.    PROPER USE OF NETWORKS.

                  10.2.1. Customer shall use any equipment provided by SAVVIS in
                          connection  with the Networks in  accordance  with its
                          documentation,  which  documentation shall be provided
                          by SAVVIS at no additional  charge.  Unless  otherwise
                          provided   herein,   upon  the   termination  of  this
                          Agreement  Customer  shall  surrender  to  SAVVIS  the
                          equipment  provided by SAVVIS,  in good working order,
                          ordinary wear and tear excepted.

                  10.2.2. Customer  shall be liable for damages to the  Networks
                          caused by the  negligence or willful acts or omissions
                          of   Customer's   officers,   employees,   agents   or
                          contractors,  for loss  through  theft or vandalism of
                          the Networks at the Installation Site, and for damages
                          to the  Networks  caused  by the use of  equipment  or
                          supplies  not  provided  hereunder  or  not  otherwise
                          authorized by SAVVIS.

                  10.2.3. Customer shall neither permit nor assist others to use
                          the Networks for any purpose other than that for which
                          they are  intended,  nor fail to  maintain  a suitable
                          environment  specified  by  SAVVIS  in the  applicable
                          schedule, nor alter, tamper with, adjust or repair the
                          Networks. Any such alteration,  tampering,  adjustment
                          or repair by Customer  shall  relieve  SAVVIS from any
                          liability  or  obligation   hereunder  (including  any
                          warranty  or  indemnity  obligation)  relating  to the
                          affected  Network,  and  Customer  shall be  liable to
                          SAVVIS for any  documented  direct  costs  incurred by
                          SAVVIS as a result of such actions.

                                       13
<PAGE>

         10.3.    ABUSE OR FRAUDULENT  USE OF NETWORKS.  Customer  shall neither
                  permit  nor  assist  others to abuse or  fraudulently  use the
                  Networks,  or to use  the  Networks  for any  unauthorized  or
                  illegal purposes, including:

                  (a)      obtaining  or  attempting  to obtain  service  by any
                           fraudulent means or device to avoid payment; or

                  (b)      accessing,  altering or destroying any information of
                           another party by any fraudulent  means or device,  or
                           attempting to do so; or

                  (c)      using the Networks so as to interfere with the use of
                           the  SAVVIS  network  by other  SAVVIS  customers  or
                           authorized users or in violation of law or in support
                           of any unlawful act; or

                  (d)      using the  Networks for voice  communications  over a
                           private  network in  jurisdictions  where such use is
                           not allowed.

                  Notwithstanding  the  provisions of Section 8, upon the breach
                  of this Section 10.3 by Customer,  SAVVIS shall have the right
                  to terminate this Agreement immediately upon written notice to
                  Customer.

         10.4.    COVENANT NOT TO COMPETE.

                  10.4.1.  As  an  inducement  to  SAVVIS  to  enter  into  this
                           Agreement,  which Customer acknowledges is of benefit
                           to it,  and in  consideration  of  the  promises  and
                           representations   of  SAVVIS  under  this  Agreement,
                           Customer covenants and agrees that during the term of
                           this  Agreement  and  for  a  period  of  five  years
                           thereafter,   neither   Customer   nor   any  of  its
                           successors or assigns will,  directly or  indirectly,
                           engage in, or have any interest in any other  person,
                           firm,  corporation  or other  entity  engaged in, any
                           business activities anywhere in the world competitive
                           with  or  similar  or  related  to  the   packet-data
                           transport  network services  provided by SAVVIS under
                           this Agreement;  provided, however, that (i) Customer
                           shall be free to  continue to use the Call Assets and
                           the satellite  networks  currently  used by Customer,
                           until such Call  Assets or  satellite  networks  have
                           been  acquired by SAVVIS,  SAVVIS  Communications  or
                           Affiliates   of  SAVVIS   Communications,   and  (ii)
                           Customer shall be free to make passive investments in
                           securities of companies that provide network services
                           in competition  with SAVVIS which, in the case of any
                           such  security,  does not  constitute  more  than ten
                           percent (10%) of the total outstanding amount of such
                           security.

                  10.4.2.  If any court or  tribunal of  competent  jurisdiction
                           shall refuse to enforce one or more of the  covenants
                           in  this   Section   10.4   because  the  time  limit
                           applicable  thereto  is  deemed  unreasonable,  it is
                           expressly understood and agreed that such covenant or
                           covenants  shall not be void but that for the

                                       14
<PAGE>

                           purpose  of such  proceedings  such  time  limitation
                           shall be deemed to be reduced to the extent necessary
                           to  permit  the   enforcement  of  such  covenant  or
                           covenants.

                  10.4.3.  If any court or  tribunal of  competent  jurisdiction
                           shall  refuse to enforce any or all of the  covenants
                           in this Section 10.4 because,  taken  together,  they
                           are more  extensive  (whether as to geographic  area,
                           scope of business or otherwise)  than is deemed to be
                           reasonable,  it is  expressly  understood  and agreed
                           between  the  parties  hereto  that such  covenant or
                           covenants  shall not be void but that for the purpose
                           of  such  proceedings  the   restrictions   contained
                           therein  (whether  as to  geographic  area,  scope of
                           business or otherwise)  shall be deemed to be reduced
                           to the extent  necessary to permit the enforcement of
                           such covenant or covenants.

                  10.4.4.  Customer  specifically  acknowledges  and agrees that
                           the foregoing  covenants are commercially  reasonable
                           and reasonably  necessary to protect the interests of
                           SAVVIS hereunder.  Customer hereby  acknowledges that
                           SAVVIS and its  successors  and  assigns  will suffer
                           irreparable  and  continuing  harm to the extent that
                           any of the  foregoing  covenants is breached and that
                           legal  remedies  would be  inadequate in the event of
                           any such breach.

11.      RIGHTS AND OBLIGATIONS OF SAVVIS

         11.1.    PROVISION OF THE NETWORKS.  SAVVIS shall operate, maintain and
                  manage  the  Networks  at the  Installation  Sites  using  the
                  Acquired Network  Facilities in accordance with the Quality of
                  Service Standards and other terms of this Agreement, including
                  all Addenda hereto.

         11.2.    REPRESENTATIONS AND WARRANTIES.

                  11.2.1.  [Intentionally Omitted.]

                  11.2.2.  SAVVIS hereby  represents and warrants that the terms
                           hereof do not conflict in any respect whatsoever with
                           any   SAVVIS   tariff  on  file   with  the   Federal
                           Communications  Commission or other  regulatory body.
                           If, during the term of this  Agreement,  SAVVIS shall
                           file  a  contract   specific  tariff   governing  the
                           Networks or any portion  thereof,  such tariff filing
                           shall be consistent in all respects with the terms of
                           this  Agreement,  and SAVVIS  shall give  Customer 10
                           days advance  written  notice of making such a tariff
                           filing  and of filing  any  subsequent  modifications
                           thereto.

                  11.2.3.  THE  FOREGOING  WARRANTIES  ARE IN LIEU OF ALL  OTHER
                           WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THE IMPLIED
                           WARRANTIES  OF  MERCHANTABILITY  AND  FITNESS  FOR  A
                           PARTICULAR PURPOSE.

                                       15
<PAGE>

                  11.3.    SAVVIS  acknowledges  that the occurrence of Event of
                           Default by SAVVIS,  arising from either (i) a failure
                           of the Networks to meet Quality of Service  Standards
                           or (ii) a total  loss to  Customer  of the use of the
                           Networks,  could cause  irreparable harm to Customer,
                           the amount of which may be  difficult  to  determine,
                           thus  potentially  making  any  remedy  at  law or in
                           damages inadequate.  SAVVIS,  therefore,  agrees that
                           Customer  shall  have the right to apply to any court
                           of competent  jurisdiction for injunctive relief upon
                           the  occurrence  of an Event of  Default by SAVVIS or
                           the occurrence of an event which, with the passage of
                           time or the giving of notice,  could  become an Event
                           of Default  by SAVVIS  and for any other  appropriate
                           relief.  This right shall be in addition to any other
                           remedy available to Customer in law or equity. SAVVIS
                           further agrees that,  upon the occurrence of an Event
                           of Default by SAVVIS,  SAVVIS  shall pay to Customer,
                           as liquidated damages and not as a penalty, an amount
                           equal to the lesser of (a) the aggregate amounts paid
                           by Customer to SAVVIS under this Agreement during the
                           six months  preceding such Event of Default by SAVVIS
                           or (b) $50,000,000;  provided, however, that Customer
                           may recover  liquidated  damages  under this  Section
                           only for an Event of  Default by SAVVIS  that  occurs
                           (i) prior to any Event of Default by SAVVIS for which
                           Customer or [Bridge  Parent]/[Telerate Parent] or any
                           customer  of [Bridge  Parent]/[Telerate  Parent]  has
                           claimed  liquidated  damages  under  this  Section or
                           under  a  Network  Services  Agreement  or any  Local
                           [Telerate]/[Bridge]  Network Services  Agreement,  or
                           (ii) more than 36 months  following  the most  recent
                           Event of  Default  by SAVVIS  for which  Customer  or
                           [Bridge  Parent]/[Telerate Parent] or any customer of
                           [Bridge   Parent]/[Telerate   Parent]   has   claimed
                           liquidated  damages  under  this  Section  or under a
                           Network    Services    Agreement    or   any    Local
                           [Telerate]/[Bridge] Network Services Agreement.

12.      LIMITATIONS OF LIABILITY

         12.1.    Subject to Section 11.4,  neither party shall be liable to the
                  other  for  indirect,  incidental,  consequential,  exemplary,
                  reliance  or  special  damages,  including  damages  for  lost
                  profits, regardless of the form of action whether in contract,
                  indemnity,  warranty,  strict  liability  or  tort,  including
                  negligence  of any kind with  respect to the Networks or other
                  conduct under this Agreement.

         12.2.    Nothing  contained in this Section shall limit either  party's
                  liability  to  the  other  for  (a)  willful  or   intentional
                  misconduct, including fraud, or (b) injury or death, or damage
                  to  tangible  real  or  tangible   personal  property  or  the
                  environment,  when proximately caused by SAVVIS' or Customer's
                  negligence or that of their respective agents,  subcontractors
                  or  employees.  Nothing  contained in this Section shall limit
                  SAVVIS'  intellectual  property  indemnification   obligations
                  under Section 16.1 or Customer's  indemnification  obligations
                  with respect to a breach of Section 10.3.

                                       16
<PAGE>

13.      EQUIPMENT AND SOFTWARE NOT PROVIDED BY SAVVIS

         13.1.    SAVVIS  shall  not  be  responsible   for  the   installation,
                  operation or maintenance of equipment or software not provided
                  by it under this  Agreement,  nor shall SAVVIS be  responsible
                  for the  transmission or reception of information by equipment
                  or software  not  provided by SAVVIS  hereunder.  In the event
                  that  Customer  uses  equipment  or software  not  provided by
                  SAVVIS  hereunder in a manner that impairs  Customer's  use of
                  the Networks,  Customer  shall not be excused from payment for
                  such use and SAVVIS shall not be  responsible  for any failure
                  of the  Networks  to meet the  Quality  of  Service  Standards
                  resulting  from  the  use of such  equipment  or  software  by
                  Customer.  Upon  notice  from  SAVVIS  that the  equipment  or
                  software  not  provided  by SAVVIS  under  this  Agreement  is
                  causing or is likely to cause hazard,  interference or service
                  obstruction,  Customer shall  eliminate the likelihood of such
                  hazard, interference or service obstruction.

13.2.             Notwithstanding the foregoing,  SAVVIS shall, at no additional
                  charge, provide all interface  specifications for the Networks
                  reasonably  requested  by  Customer.  SAVVIS  shall,  upon the
                  receipt of appropriate  specifications  from Customer,  inform
                  Customer  of  the  compatibility  with  the  Networks  of  any
                  equipment  or  software  that  Customer  proposes  to  use  in
                  connection therewith,  the effects, if any, of the use of such
                  equipment    or   software   on   the    quality,    operating
                  characteristics  and  efficiency  of  the  Networks,  and  the
                  effects,   if  any,   of  the   Networks   on  the   operating
                  characteristics  and  efficiency  of  any  such  equipment  or
                  software.

14.      PROPRIETARY RIGHTS; LICENSE

         14.1.    SAVVIS   hereby  grants  to  Customer  a   non-exclusive   and
                  non-transferable  license to use all  programming and software
                  necessary  for Customer to use the  Networks.  Such license is
                  granted for the term of this Agreement for the sole purpose of
                  enabling Customer to use the Networks.

         14.2.    All title and property rights (including intellectual property
                  rights) to the Networks (including associated  programming and
                  software) are and shall remain with SAVVIS or the  third-party
                  providers  thereof to SAVVIS.  Customer  shall not  (except as
                  permitted by applicable law) attempt to examine,  copy, alter,
                  reverse  engineer,  decompile,  disassemble,  tamper  with  or
                  otherwise misuse the Networks, programming and software.

15.      CONFIDENTIALITY

         15.1.    During  the term of this  Agreement  and for a period  of five
                  years  from  the  date  of  its   expiration  or   termination
                  (including  all  extensions  thereof),  each  party  agrees to
                  maintain in strict  confidence all  Confidential  Information.
                  Neither  party shall,  without  prior  written  consent of the
                  other party,  use the other party's  Confidential  Information
                  for any purpose other than for the  performance  of its duties

                                       17
<PAGE>

                  and  obligations,  and the exercise of its rights,  under this
                  Agreement.   Each  party  shall  use,   and  shall  cause  all
                  authorized   recipients  of  the  other  party's  Confidential
                  Information  to use,  the same  degree of care to protect  the
                  other party's  Confidential  Information as it uses to protect
                  its own  Confidential  Information,  but in any event not less
                  than a reasonable degree of care.

         15.2.    Notwithstanding  Section  15.1,  either party may disclose the
                  Confidential  Information  of the  other  party  to:  (a)  its
                  employees  and the  employees,  directors  and officers of its
                  Affiliates  as  necessary  to implement  this  Agreement;  (b)
                  employees,  agents or  representatives  of the other party; or
                  (c) other persons (including counsel, consultants,  lessors or
                  managers of  facilities  or  equipment  used by such party) in
                  need of access to such  information for purposes  specifically
                  related  to  either   party's   responsibilities   under  this
                  Agreement,   provided  that  any  disclosure  of  Confidential
                  Information  under  clause  (c) shall be made only upon  prior
                  written  approval  of  the  other  party  and  subject  to the
                  appropriate  assurances that the recipient of such information
                  shall hold it in strict confidence.

         15.3.    Upon the  request of the party  having  proprietary  rights to
                  Confidential  Information,  the  party in  possession  of such
                  information  shall  promptly  return it (including any copies,
                  extracts and  summaries  thereof,  in whatever form and medium
                  recorded) to the  requesting  party or, with the other party's
                  written  consent,  shall  promptly  destroy it and provide the
                  other party with written certification of such destruction.

         15.4.    Either party may request in writing that the other party waive
                  all or any portion of the requesting party's  responsibilities
                  relative to the other party's Confidential  Information.  Such
                  waiver request shall identify the affected information and the
                  nature of the proposed  waiver.  The  recipient of the request
                  shall respond within a reasonable  time and, if it determines,
                  in its sole discretion, to grant the requested waiver, it will
                  do so in writing over the signature of an employee  authorized
                  to grant such request.

         15.5.    Customer  and  SAVVIS   acknowledge  that  any  disclosure  or
                  misappropriation  of Confidential  Information in violation of
                  this  Agreement  could cause  irreparable  harm, the amount of
                  which may be difficult to determine,  thus potentially  making
                  any  remedy  at  law or in  damages  inadequate.  Each  party,
                  therefore, agrees that the other party shall have the right to
                  apply to any  court  of  competent  jurisdiction  for an order
                  restraining  any breach or  threatened  breach of this Section
                  and for any other appropriate  relief.  This right shall be in
                  addition to any other remedy available in law or equity.

         15.6.    A party requested or ordered by a court or other  governmental
                  authority  of  competent   jurisdiction  to  disclose  another
                  party's Confidential  Information shall notify the other party
                  in  advance  of any such  disclosure  and,  absent  the  other
                  party's  consent to such  disclosure,  use its best efforts to
                  resist,  and to assist  the  other  party in  resisting,  such
                  disclosure.  A party providing  another  party's

                                       18
<PAGE>

                  Confidential  Information  to a court  or  other  governmental
                  authority  shall use its best  efforts to obtain a  protective
                  order  or   comparable   assurance   that   the   Confidential
                  Information  so provided  will be held in  confidence  and not
                  further  disclosed  to any other  person,  absent the  owner's
                  prior consent.

         15.7.    The  provisions  of  Section  15.1  above  shall  not apply to
                  reasonably  necessary  disclosures  in or in  connection  with
                  filings  under any  securities  laws,  regulatory  filings  or
                  proceedings,  financial  disclosures  which in the good  faith
                  judgment  of  the  disclosing   party  are  required  by  law,
                  disclosures   required  by  court  or  tribunal  or  competent
                  jurisdiction,  or disclosures that may be reasonably necessary
                  in connection  with the sale of securities or the  performance
                  or  enforcement  of this  Agreement or any of the  obligations
                  hereof;  provided,  however, that if the receiving party would
                  otherwise  be required  to refer to or describe  any aspect of
                  this  Agreement  in any of the  preceding  circumstances,  the
                  receiving party shall use its reasonable  efforts to take such
                  steps as are available  under such  circumstances  (such as by
                  providing a summary or  synopsis) to avoid  disclosure  of the
                  financial    terms   and   conditions   of   this   Agreement.
                  Notwithstanding  any  provisions  of  this  Agreement  to  the
                  contrary,  either party may disclose the terms and  conditions
                  of this  Agreement  in the  course of a due  diligence  review
                  performed in connection  with  prospective  debt  financing or
                  equity  investment by, or a sale to, a third party, so long as
                  the persons  conducting such due diligence  review have agreed
                  to maintain the  confidentiality of such disclosure and not to
                  use such  disclosure  for any purpose other such due diligence
                  review.

16.      INDEMNIFICATIONS

         16.1.    SAVVIS shall defend,  settle,  or otherwise  manage at its own
                  cost and expense any claim or action  against  Customer or any
                  of its directors, officers, employees or assigns for actual or
                  alleged infringement by the Networks of any patent, copyright,
                  trademark,  trade secret or similar  proprietary  right of any
                  third party,  except to the extent that such actual or alleged
                  infringement   arises   from  (i)  such   actual  or   alleged
                  infringement  by  the  Acquired  Network   Facilities  on  the
                  Effective  Date or (ii) an act or  omission  of  Customer or a
                  vendor or customer of Customer or (iii)  equipment or software
                  used by Customer  and not provided by SAVVIS.  Customer  shall
                  notify  SAVVIS  promptly  in writing of any such claim or suit
                  and  shall  cooperate  with  SAVVIS  in a  reasonable  way  to
                  facilitate the settlement or defense  thereof.  SAVVIS further
                  agrees  to  indemnify  and  hold  Customer  harmless  from and
                  against any and all liabilities and damages (whether  incurred
                  as the result of a judicial  decree or a settlement),  and the
                  costs and expenses  associated with any claim or action of the
                  type   identified  in  this  Section   (including   reasonable
                  attorneys' fees).

         16.2.    If,  as a  consequence  of a  claim  or  action  of  the  kind
                  described in Section 16.1, SAVVIS' or Customer's use of all or
                  part of any Network is enjoined,  SAVVIS shall,  at its option
                  and  expense,  either:  (a) procure for  Customer the right to

                                       19
<PAGE>

                  continue using the affected  Network;  (b) modify such Network
                  so  that   they  are   non-infringing,   provided   that  such
                  modification  does not affect the  intended use of the Network
                  as contemplated  hereunder. If SAVVIS does not take any of the
                  actions  described  in clauses (a) or (b),  then  Customer may
                  terminate  the affected  portion of such  Network,  and SAVVIS
                  shall refund to Customer any prepaid charges therefor.

         16.3.    Subject to Section 12,  Customer  will defend,  indemnify  and
                  hold  harmless  SAVVIS  or  any of  its  directors,  officers,
                  employees  or assigns  from and against  all loss,  liability,
                  damage and  expense,  including  reasonable  attorneys'  fees,
                  caused by:

                  (a)      claims for  libel,  slander,  invasion  of privacy or
                           infringement   of  copyright,   and  invasion  and/or
                           alteration  of private  records or data  arising from
                           any  information,  data or messages  transmitted over
                           the Networks by Customer;

                  (b)      claims for  infringement  of patents arising from the
                           use by Customer of equipment and software,  apparatus
                           and systems not provided hereunder in connection with
                           the Networks; and

                  (c)      the violation of any representations,  warranties and
                           covenants made by Customer in this Agreement.

         16.4.    Subject to Section 12, SAVVIS will defend,  indemnify and hold
                  harmless Customer or any of its directors, officers, employees
                  or assigns  from and against all loss,  liability,  damage and
                  expense, including reasonable attorneys' fees, caused by:

                  (a)      claims for  infringement  of patents arising from the
                           use by SAVVIS of equipment  and  software,  apparatus
                           and  systems  not  provided  by SAVVIS  hereunder  in
                           connection with the Networks (other than any Acquired
                           Network Facilities); and

                  (b)      the violation of any representations,  warranties and
                           covenants made by SAVVIS in this Agreement.

17.      DISPUTES

         17.1.    Except  as   expressly   provided  in  Schedule  4.1  of  this
                  Agreement, the resolution of any and all disputes arising from
                  or  in  connection  with  this  Agreement,  whether  based  on
                  contract, tort, statute or otherwise,  including disputes over
                  arbitrability  and disputes in connection with claims by third
                  persons  ("DISPUTES")  shall be  exclusively  governed  by and
                  settled in accordance  with the provisions of this Section 17.
                  The  foregoing   shall  not  preclude   recourse  to  judicial
                  proceedings to obtain injunctive, emergency or other equitable
                  relief to enforce the provisions of this Agreement,  including
                  specific  performance,  and  to  decide  such  issues  as  are

                                       20
<PAGE>

                  required to be resolved in  determining  whether to grant such
                  relief. Resolution of Disputes with respect to claims by third
                  persons shall be deferred until any judicial  proceedings with
                  respect thereto are concluded.

         17.2.    The parties  hereby  agree to submit all  Disputes to rules of
                  arbitration of the American  Arbitration  Association  and the
                  Missouri  Uniform  Arbitration  Act (the  "RULES")  under  the
                  following  provisions,  which shall be final and binding  upon
                  the  parties,  their  successors  and  assigns,  and  that the
                  following  provisions  constitute a binding arbitration clause
                  under applicable law. Either party may serve process or notice
                  on the other in any  arbitration  or  litigation in accordance
                  with the notice  provisions  hereof.  The parties agree not to
                  disclose any information  regarding any Dispute or the conduct
                  of any arbitration hereunder,  including the existence of such
                  Dispute or such  arbitration,  to any  person or entity  other
                  than such employees or representatives of such party as have a
                  need to know.

         17.3.    Either party may commence proceedings hereunder by delivery of
                  written  notice  providing  a  reasonable  description  of the
                  Dispute to the other,  including a reference to this provision
                  (the "DISPUTE NOTICE").  Either party may initiate arbitration
                  of  a  Dispute  by   delivery  of  a  demand   therefor   (the
                  "ARBITRATION  DEMAND")  to the other  party not sooner than 60
                  calendar days after the date of delivery of the Dispute Notice
                  but at any time thereafter. The arbitration shall be conducted
                  in St. Louis, Missouri.

         17.4.    The arbitration  shall be conducted by three  arbitrators (the
                  "ARBITRATORS"), one of whom shall be selected by Customer, one
                  by  SAVVIS,  and the third by  agreement  of the other two not
                  later than 10 days  after  appointment  of the first two,  or,
                  failing such agreement, appointed pursuant to the Rules. If an
                  Arbitrator  becomes  unable to  serve,  a  successor  shall be
                  selected  or  appointed  in  the  same  manner  in  which  the
                  predecessor Arbitrator was appointed.

         17.5.    The arbitration shall be conducted pursuant to such procedures
                  as the parties may agree or, in the absence of or failing such
                  agreement,   pursuant  to  the  Rules.   Notwithstanding   the
                  foregoing,  each party  shall  have the right to  inspect  the
                  books and  records  of the  other  party  that are  reasonably
                  related to the  Dispute,  and each party shall  provide to the
                  other,  reasonably  in advance of any  hearing,  copies of all
                  documents  which such party intends to present in such hearing
                  and the names and addresses of all witnesses  whose  testimony
                  such party intends to present in such hearing.

         17.6.    All hearings shall be conducted on an expedited schedule,  and
                  all proceedings shall be confidential. Either party may at its
                  expense make a stenographic record thereof.

         17.7.    The Arbitrators  shall complete all hearings not later than 90
                  calendar days after the Arbitrators' selection or appointment,
                  and shall make a final award not later than 30  calendar  days
                  thereafter.  The  Arbitrators  shall  apportion  all costs and
                  expenses of the Arbitration,  including the Arbitrators'  fees
                  and  expenses  of experts

                                       21
<PAGE>

                  ("ARBITRATION    COSTS")    between   the    prevailing    and
                  non-prevailing  parties  as  the  Arbitrators  deem  fair  and
                  reasonable. In circumstances where a Dispute has been asserted
                  or  defended  against on  grounds  that the  Arbitrators  deem
                  manifestly  unreasonable,   the  Arbitrators  may  assess  all
                  Arbitration  Costs  against the  non-prevailing  party and may
                  include in the award the prevailing  party's  attorneys'  fees
                  and expenses in connection with any and all proceedings  under
                  this Section 17.

         17.8.    Either party may assert appropriate  statutes of limitation as
                  a defense in  arbitration;  provided,  that upon delivery of a
                  Dispute  Notice  any  such  statute  shall be  tolled  pending
                  resolution hereunder.

         17.9.    Pending the resolution of any dispute or  controversy  arising
                  under this  Agreement,  the parties shall  continue to perform
                  their respective obligations  hereunder,  and SAVVIS shall not
                  discontinue,  disconnect  or in any  other  fashion  cease  to
                  provide  all or any  substantial  portion of the  Networks  to
                  Customer unless otherwise  directed by Customer.  This Section
                  shall not apply where (a)  Customer  is in default  under this
                  Agreement  or (b)  the  dispute  or  controversy  between  the
                  parties  relates to harm to the Networks  allegedly  caused by
                  Customer and Customer  does not  immediately  cease and desist
                  from the activity giving rise to the dispute or controversy.

18.      FORCE MAJEURE

         18.1.    In no event shall  either party be liable to the other for any
                  failure  to  perform  hereunder  that  is due to  war,  riots,
                  embargoes, strikes or other concerted acts of workers (whether
                  of a party  hereto or of  others),  casualties,  accidents  or
                  other   causes  to  the  extent  that  such  failure  and  the
                  consequences  thereof  are  reasonably  beyond the control and
                  without the fault or negligence of the party claiming  excuse.
                  Each party shall, with the cooperation of the other party, use
                  reasonable  efforts to  mitigate  the extent of any failure to
                  perform and the adverse consequences thereof.

         18.2.    If SAVVIS cannot promptly provide a suitable  temporary SAVVIS
                  alternative  to  all  or  part  of a  Network  subject  to  an
                  interruption  in  connection  with  the  existence  of a force
                  majeure condition,  Customer may, at its option and at its own
                  cost, contract with one or more third parties for the affected
                  portion of the Network for the shortest commercially available
                  period likely to cover the reasonably expected duration of the
                  interruption,  and  may  suspend  SAVVIS'  provision  of  such
                  affected  portion  for such  period.  SAVVIS  shall not charge
                  Customer for the affected  portion thus  suspended  during the
                  period of  suspension.  SAVVIS shall  resume  provision of the
                  suspended  portion  of  the  Network  upon  the  later  of the
                  termination  or  expiration  of  Customer's   legally  binding
                  commitments under contracts with third parties for alternative
                  services  or the  cessation  or remedy  of the  force  majeure
                  condition.

                                       22
<PAGE>

         18.3.    In the event that a force majeure condition shall continue for
                  more than 60 days, Customer may cancel the affected portion of
                  the Network with no further liability to SAVVIS other than for
                  obligations  incurred  with respect to such  affected  portion
                  prior to the occurrence of the force majeure condition.

         18.4.    The consequences  arising from existence and continuation of a
                  force majeure  condition,  including  without  limitation  any
                  interruption  of the  Networks and the exercise by Customer of
                  its  rights  under  this  Section  18,  shall be deemed not to
                  constitute   a  breach   by   either   party   hereto  of  any
                  representations,  warranties or covenants  hereunder and shall
                  not be grounds  for the  exercise of any  remedies  under this
                  Agreement, including without limitation remedies under Section
                  2.2 or Section 7, other than those  specified  in this Section
                  18.

19.    GENERAL PROVISIONS

         19.1.    NO THIRD-PARTY BENEFICIARIES. [This Agreement shall not confer
                  any rights or  remedies  upon any person or entity  other than
                  the  parties and their  respective  successors  and  permitted
                  assigns.]  [Except as  expressly  provided in this  Agreement,
                  nothing in this  Agreement will create or confer any rights or
                  other benefits on or in favor of any person who is not a party
                  to this Agreement whether pursuant to the Contracts (Rights of
                  Third Parties) Act, 1999 or otherwise.]

         19.2.    ENTIRE  AGREEMENT.  This  Agreement  (including  the documents
                  referred to herein)  constitutes the entire agreement  between
                  the  parties   and   supersedes   any  prior   understandings,
                  agreements,  or  representations  by or between  the  parties,
                  written or oral,  to the extent they related in any way to the
                  subject matter hereof.

         19.3.    SUCCESSION AND  ASSIGNMENT.  This  Agreement  shall be binding
                  upon and inure to the benefit of the parties  named herein and
                  their respective  successors and permitted  assigns.  No party
                  may  assign  either  this  Agreement  or any  of  its  rights,
                  interests,  or obligations hereunder without the prior written
                  approval  of the  other  party,  which  consent  shall  not be
                  unreasonably withheld.

         19.4.    COUNTERPARTS.  This  Agreement  may be executed in one or more
                  counterparts,  each of which shall be deemed an  original  but
                  all of  which  together  will  constitute  one  and  the  same
                  instrument.

         19.5.    HEADINGS. The Section headings contained in this Agreement are
                  inserted for convenience  only and shall not affect in any way
                  the meaning or interpretation of this Agreement.

         19.6.    NOTICES.  All notices,  requests,  demands,  claims, and other
                  communications  hereunder  will  be in  writing.  Any  notice,
                  request, demand, claim, or other communication hereunder shall
                  be deemed duly given if (and then two business  days after) it
                  is  sent by  registered  or  certified  mail,  return  receipt
                  requested,  postage  prepaid,  and  addressed  to the intended
                  recipient as set forth below:

                                       23
<PAGE>

               If to Customer:  Bridge Information Systems, Inc.
                                Three World Financial Center
                                New York, New York 10285
                                (212) 372-7195 (fax)
                                Attention:  Zachary Snow,
                                            Executive Vice President and General
                                            Counsel

               If to SAVVIS:    SAVVIS Communications Corporation
                                717 Office Parkway
                                St. Louis, Missouri 63141
                                (314) 468-7550 (fax)
                                Attention:  Steven M. Gallant,
                                            Vice President and General Counsel

              Any party may send any notice,  request,  demand,  claim, or other
              communication  hereunder to the intended  recipient at the address
              set  forth  above  using  any  other  means  (including   personal
              delivery,  expedited courier,  messenger service, telecopy, telex,
              ordinary mail, or electronic  mail), but no such notice,  request,
              demand, claim, or other communication shall be deemed to have been
              duly  given  unless  and  until it  actually  is  received  by the
              intended  recipient.  Any party may  change  the  address to which
              notices,  requests,  demands,  claims,  and  other  communications
              hereunder  are to be delivered by giving the other party notice in
              the manner herein set forth.

       19.7.  GOVERNING LAW. This  Agreement  shall be governed by and construed
              in  accordance  with the domestic laws of the State of Missouri in
              the United States of America,  without giving effect to any choice
              or  conflict  of law  provision  or rule  (whether of the State of
              Missouri  or  any  other   jurisdiction)   that  would  cause  the
              application of the laws of any  jurisdiction  other than the State
              of Missouri.

       19.8.  AMENDMENTS  AND WAIVERS.  No  amendment  of any  provision of this
              Agreement  shall be valid  unless the same shall be in writing and
              signed  by  SAVVIS  and  Customer.  No  waiver by any party of any
              default,  misrepresentation,  or breach of  warranty  or  covenant
              hereunder,  whether  intentional or not, shall be deemed to extend
              to any prior or subsequent default,  misrepresentation,  or breach
              of warranty or covenant  hereunder or affect in any way any rights
              arising by virtue of any prior or subsequent such occurrence.

       19.9.  SEVERABILITY.  Any term or  provision  of this  Agreement  that is
              invalid or  unenforceable  in any  situation  in any  jurisdiction
              shall not affect the validity or  enforceability  of the remaining
              terms and provisions  hereof or the validity or  enforceability of
              the offending  term or provision in any other  situation or in any
              other jurisdiction.

                                       24
<PAGE>

       19.10. EXPENSES.  Each  party  will  bear  its  own  costs  and  expenses
              (including  legal fees and expenses)  incurred in connection  with
              this Agreement and the transactions contemplated hereby.

       19.11. CONSTRUCTION.  Any  reference to any  federal,  state,  local,  or
              foreign  statute or law shall be deemed also to refer to all rules
              and  regulations  promulgated   thereunder,   unless  the  context
              requires  otherwise.  The word  "including"  shall mean  including
              without limitation.

       19.12. ADDENDA AND  SCHEDULES.  The Addenda and  Schedules  identified in
              this  Agreement  are  incorporated  herein by reference and made a
              part hereof.

       IN WITNESS WHEREOF,  the parties hereto have caused this Network Services
Agreement to be executed as of the date first above written.

              THIS CONTRACT CONTAINS A BINDING  ARBITRATION  PROVISION WHICH MAY
BE ENFORCED BY THE PARTIES.

                                       [local SAVVIS entity]
                                       ---------------------

                                       By
                                          --------------------------------------
                                       Name: Steven M. Gallant

                                       [local Bridge/Telerate entity].
                                       -------------------------------

                                       By
                                          --------------------------------------
                                     Name:
                                           -------------------------------------
                                     Title:
                                           -------------------------------------

                                       25
<PAGE>

      SCHEDULE 2.2 TO EXHIBIT A OF THE TELERATE NETWORK SERVICES AGREEMENT

                          QUALITY OF SERVICE STANDARDS

          [To be substantially in the form of Schedule 2.2 to Exhibit A
                    of the Bridge Network Services Agreement]

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