Document:

<PAGE>

                                   EXHIBIT 10.38
                            INDEMNIFICATION AGREEMENT

         THIS INDEMNIFICATION AGREEMENT (the "Agreement") is made as of this
24th day of, January 2001, by and among THE PROFIT RECOVERY GROUP INTERNATIONAL,
INC., a Georgia corporation ("PRGX"), HOWARD SCHULTZ & ASSOCIATES INTERNATIONAL,
INC., a Texas corporation ("HSA-Texas"), HOWARD SCHULTZ, a Texas resident ("H.
Schultz"), ANDREW H. SCHULTZ, a Texas resident ("A. Schultz"), each of the
trusts identified on the signature pages hereto (collectively, the "Trusts" and
individually a "Trust") and H. SCHULTZ, as the Shareholders' representative
("Shareholders' Representative").

                                   WITNESSETH:

         WHEREAS, H. Schultz, A. Schultz and the Trust are the holders of a
majority of the outstanding equity of HSA-Texas;

         WHEREAS, H. Schultz is the holder of a majority of the outstanding
equity of HOWARD SCHULTZ & ASSOCIATES (ASIA) LIMITED, a Hong Kong corporation
("Asia"), and HS&A INTERNATIONAL PTE LTD., a Singapore corporation
("Singapore");

         WHEREAS, the Trust is the sole holder of the outstanding equity of
HOWARD SCHULTZ & ASSOCIATES (AUSTRALIA), INC., a Texas corporation ("Australia")
and HOWARD SCHULTZ & ASSOCIATES (CANADA), INC., a Texas corporation ("Canada");

         WHEREAS, in accordance with that certain Agreement and Plan of
Reorganization relating to the acquisition of assets of HSA-Texas (the "Asset
Agreement") dated as of August 3, 2001 by and among PRGX, HSA-Texas, H. Schultz,
A. Schultz and the Trust, PRGX has agreed to acquire substantially all of the
assets and certain of the liabilities of HSA-Texas for the consideration and
upon the terms and conditions set forth in the Asset Agreement; and

         WHEREAS, in accordance with that certain Agreement and Plan of
Reorganization relating to the acquisition of equity of Asia, Singapore,
Australia and Canada (the "Stock Agreement") dated as of August 3, 2001 by and
among PRGX, H. Schultz, A. Schultz, the Trust and L. Schultz, PRGX has agreed to
acquire substantially all of the outstanding equity of the following entities:
Asia, Singapore, Australia and Canada (collectively, Asia, Singapore, Australia
and Canada being the "Stock Companies"); and

         WHEREAS, in accordance with Article 7 of the Asset Agreement, (a)
HSA-Texas, H. Schultz, A. Schultz and the Trusts (other than the AHS Irrevocable
Trust), jointly and severally, have agreed, and the AHS Irrevocable Trust,
severally, has agreed, to indemnify and hold PRGX, and its subsidiaries,
affiliates, directors, officers, employees and agents (collectively, the "PRGX
Indemnified Parties"), harmless from and against all Section 7.1 Indemnified
Claims as defined therein and (b) PRGX has agreed to indemnify and hold
HSA-Texas, H. Schultz, A. Schultz, the Trust and the affiliates, directors,
officers, employees and agents of HSA-Texas, H. Schultz, A. Schultz, the Trust
(collectively, the "HSA-Texas Indemnified Parties") harmless from and against
all Section 7.2 Indemnified Claims as defined therein;

<PAGE>

         WHEREAS, in accordance with Article 6 of the Stock Agreement, (a) H.
Schultz and A. Schultz, jointly and severally (and prior to the Closing as
defined in the Stock Agreement, H. Schultz and A. Schultz, and the Stock
Companies, jointly and severally), have agreed to indemnify and hold the PRGX
Indemnified Parties, harmless from and against all Section 6.1 Indemnified
Claims as defined therein and (b) PRGX has agreed to indemnify and hold the
HSA-Texas Indemnified Parties harmless from and against all Section 6.2
Indemnified Claims as defined therein;

         WHEREAS, each of the parties to the Asset Agreement and the Stock
Agreement (collectively, the Asset Agreement and the Stock Agreement being the
"Acquisition Agreements") desires to set forth herein the procedures for
asserting and responding to claims for indemnification arising under the
Acquisition Agreements and set forth certain limitations on the indemnification
provided for in the Acquisition Agreements;

         WHEREAS, pursuant to Article 11.1 of the Asset Agreement and Article
VIII of the Stock Agreement, each shareholder of HSA-Texas party to the Asset
Agreement and each shareholder of the Stock Companies irrevocably appointed H.
Schultz, and any successor to H. Schultz appointed pursuant thereto (referred to
herein as the "Shareholders' Representative"), as the true and lawful agent and
attorney-in-fact of such Person with full power of substitution and with full
power and authority to act in the name, place and stead of such Person with
respect to certain matters, including the settling of all claims, matters,
disputes or disagreements under this Indemnification Agreement; and

         WHEREAS, as required by the Acquisition Agreements and as an inducement
to the consummation of the transactions contemplated in the Acquisition
Agreements, the parties hereto desire to set forth certain agreements regarding
indemnification under the Acquisition Agreements;

         WHEREAS, capitalized terms not otherwise defined herein (or with
respect to which there is no reference to the document in which such capitalized
term is defined) shall have the meanings assigned to them in the Asset
Agreement;

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

         1. PROCEDURES REGARDING INDEMNIFICATION.

         (a) Definitions. Each Person who has obligations to indemnify others
under either of the Acquisition Agreements is referred to herein in such
capacity as the "Indemnifying Party" and each Person who is entitled to be
indemnified under either of the Acquisition Agreements is referred to herein in
such capacity as the "Indemnified Party".

         (b) Procedure-Third Party Claims. Promptly after receipt by an
Indemnified Party of notice by a third party of any claim, complaint or the
commencement of any action or proceeding with any Governmental Entity with
respect to which such Indemnified Party may be entitled to receive payment from
the Indemnifying Party(ies) for any indemnified claims under either or both of
the Acquisition Agreements, such Indemnified Party shall notify the Indemnifying
Party of such claim or demand or of the commencement of such action or
proceeding and provide copies of all

                                      -2-

<PAGE>

pleadings and other documentation relating to such claim, demand, complaint,
action or proceeding; provided, however, that the failure so to notify the
Indemnifying Party shall relieve the Indemnifying Party from liability for such
claim only if, and only to the extent that, such failure to notify the
Indemnifying Party results in the forfeiture by the Indemnifying Party of
material rights and defenses otherwise available to the Indemnifying Party with
respect to such claim, demand, action or proceeding. The Indemnifying Party
shall have the right, upon written notice delivered to the Indemnified Party
within twenty (20) days thereafter, to assume the defense of such claim, demand,
action or proceeding, including the employment of counsel reasonably
satisfactory to the Indemnified Party and the payment of the fees and
disbursements of such counsel. In the event, however, that the Indemnifying
Party declines or fails to assume the defense of the claim, demand, action or
proceeding or to employ counsel reasonably satisfactory to the Indemnified
Party, in either case within such 20-day period, then such Indemnified Party may
employ legal counsel to represent or defend such Indemnified Party in any such
claim, demand, action or proceeding and the Indemnifying Party shall pay the
reasonable fees and disbursements of such legal counsel as incurred; provided,
however, that the Indemnifying Party shall not be required to pay the fees and
disbursements of more than one legal counsel for all Indemnified Parties in any
jurisdiction in any single claim, demand, action or proceeding. In any claim,
demand, action or proceeding with respect to which indemnification is being
sought hereunder, the Indemnified Party or the Indemnifying Party, whichever is
not assuming the defense thereof, shall have the right to participate in such
defense and to retain such party's own counsel at such party's own expense. The
Indemnifying Party or the Indemnified Party, as the case may be, shall at all
times use reasonable efforts to keep the other party(ies) reasonably apprised of
the status of the defense of any claim, demand, action or proceeding the defense
of which such party is maintaining, and to cooperate in good faith with each
other with respect to the defense of any such claim, demand, action or
proceeding.

         (c) Settlement of Third Party Claims. No Indemnified Party may settle
or compromise any claim, demand, action or proceeding or consent to the entry of
any judgment with respect to which indemnification is being sought hereunder
without the prior written consent of the Indemnifying Party, unless such
settlement, compromise or consent includes an unconditional release of the
Indemnifying Party from all liability arising out of such claim without payment
of consideration and without any adverse consequence whatsoever to the
Indemnifying Party of the type described below in clause (ii) of this Section
1(c). An Indemnifying Party may not, without the prior written consent of the
Indemnified Party, settle or compromise any claim, demand, action or proceeding
or consent to the entry of any judgment with respect to which indemnification is
being sought hereunder unless (i) the Indemnifying Party shall pay or cause to
be paid all amounts arising out of such settlement or judgment concurrently with
the effectiveness thereof; (ii) the terms or effect of the settlement shall not
encumber any of the assets of any Indemnified Party or any affiliate thereof, or
contain or result in any restriction, interference or condition that would apply
to such Indemnified Party or its affiliates or to the conduct of any of their
respective businesses; and (iii) shall obtain, as a condition of such
settlement, a complete and unconditional release of each Indemnified Party. If a
firm, written offer is made to settle any such third party claim, demand, action
or proceeding and the Indemnifying Party proposes to accept such settlement and
the Indemnified Party refuses to consent to such settlement, then: (A) the
Indemnifying Party shall be excused from, and the Indemnified Party shall be
solely responsible for, all further defense of such third party claim, demand,
action or proceeding; and (B) the maximum liability of the Indemnifying Party
relating to such third party claim, demand, action or proceeding shall be the
amount of the proposed settlement if the amount thereafter recovered from the
Indemnified Party

                                      -3-

<PAGE>

on such third party claim, demand, action or proceeding is greater than the
amount of the proposed settlement.

         (d) Procedure-Other Claims. In the event an Indemnified Party shall
claim a right to payment pursuant to either or both of the Acquisition
Agreements which does not involve a third party claim, demand, action or
proceeding, such Indemnified Party shall send written notice of such claim to
the Indemnifying Party(ies). Such notice shall specify the basis for such claim
and shall be accompanied by copies of relevant documentation relating to such
claim. As promptly as possible after the Indemnified Party has given such
notice, such Indemnified Party and the Indemnifying Party shall establish the
merits and the amount of such claim (by mutual agreement, litigation,
arbitration or otherwise) and within five (5) business days after the final
determination of the merits and amount of such claim, the Indemnifying Party
shall pay to the Indemnified Party immediately available funds in an amount
equal to such claim as determined hereunder.

         (e) The Shareholders' Representative shall in all events act under this
Agreement for each and all of HSA-Texas, H. Schultz and A. Schultz, and the
Trusts whether as an Indemnified Party or an Indemnifying Party, pursuant to the
authority given to the Shareholders' Representative under the applicable
sections of the Acquisition Agreements. PRGX and each of the PRGX Indemnified
Parties shall have the right to deal exclusively with the Shareholders'
Representative in respect of all matters relating to HSA-Texas, H. Schultz and
A. Schultz under this Agreement.

         2. PAYMENT OF INDEMNIFIED CLAIMS. The Shareholders' Representative
acting on behalf of each of HSA-Texas, H. Schultz and A. Schultz as indemnifying
parties (collectively, the "Schultz Indemnifying Parties") shall have the option
to pay any Section 7.1 Indemnified Claims, as defined in the Asset Agreement,
and any Section 6.1 Indemnified Claims, as defined in the Stock Agreement
(collectively, the Section 7.1 Indemnified Claims and the Section 6.1
Indemnified Claims being the "Schultz Indemnified Claims") either in cash or by
delivery of that number of shares of PRGX Common Stock equal to the amount of
such Schultz Indemnified Claim divided by the average closing sale price per
share of PRGX Common Stock as reported in The Wall Street Journal for the last
ten trading days immediately preceding the day such shares of PRGX Common Stock
are tendered to the PRGX Indemnified Parties in payment of such Schultz
Indemnified Claims.

         3. SURVIVAL. All representations and warranties contained in (a) the
Acquisition Agreements, (b) the HSA-Texas Transaction Documents and the PRGX
Transaction Documents, as defined in the Asset Agreement, and (c) the
Shareholders' Transaction Documents and the PRGX Transaction Documents, as
defined in the Stock Agreement, delivered at the Closing or made in writing in
connection herewith shall survive the execution and delivery of the Acquisition
Agreements and this Agreement, any examination by or on behalf of the party or
parties to whom they were made, the Closing and the completion of the
transactions contemplated herein for a period ending on that date (the "General
Expiration Date"), which is 60 days after the date of issuance of PRGX
independent auditor's report in respect of the second annual audited financial
statements issued after the Closing Date which include the Acquired Assets under
the Asset Agreement and the business of the Stock Companies in the financial
position and results of operation of PRGX and shall thereafter cease to be of
any force and effect, except for:

                                      -4-

<PAGE>
                  (i)      claims as to which notice has been given in
accordance with Section 1 hereof prior to the General Expiration Date and which
are pending on such General Expiration Date;

                  (ii)     claims based on the breach or nonfulfillment of
representations, warranties, covenants and agreements relating to (A) Taxes, (B)
Employee Benefit Plans, or (C) any litigation, arbitrations and mediations that
existed on or at any time prior to the Effective Date, each of which shall
survive until the end of the statute of limitations applicable to the underlying
claim for which indemnification is sought;

                  (iii)    claims based on the breach or nonfulfillment of
representations, warranties, covenants and agreements relating to compliance by
any of the Companies with applicable laws, orders, rules and regulations of all
Governmental Entities, each of which shall survive until the third anniversary
of the Closing Date; and

                  (iv)     representations and warranties with respect to
ownership of the capital stock of each Company, as defined in the Asset
Agreement, and of the Stock Companies, each of which shall survive without
expiration. All covenants and agreements contained in (A) the Acquisition
Agreements, (B) the HSA-Texas Transaction Documents and the PRGX Transaction
Documents, as defined in the Asset Agreement, and (C) the Shareholders'
Transaction Documents and the PRGX Transaction Documents, as defined in the
Stock Agreement shall survive the execution, delivery and closing of this
Acquisition Agreements and the consummation of the transactions contemplated
therein for a period ending on the General Expiration Date, provided that any
covenant which expressly specifies a period for performance shall survive until
the end of such specified period. In addition, notwithstanding anything to the
contrary contained herein or in the Acquisition Agreements, in the event of a
breach of a representation or warranty or failure to perform a covenant or
agreement by a party which constitutes civil fraud, the representation,
warranty, covenant or agreement shall survive the consummation of the
transactions contemplated in the Acquisition Agreements and continue in full
force and effect thereafter with respect to such fraud until the expiration of
the applicable statute of limitations for civil fraud.

         4. LIMITATIONS.

                  (a) Base Amount.

                           (i)      Notwithstanding anything to the contrary
contained herein or in the Acquisition Agreements, PRGX will not assert a claim
against any Schultz Indemnifying Party for indemnification pursuant to Section
7.1 of the Asset Agreement and/or pursuant to Section 6.1 of the Stock Agreement
until the total of all Section 7.1. Indemnified Claims under the Asset Agreement
and all Section 6.1 Indemnified Claims under the Stock Agreement equals or
exceeds in the aggregate $3,000,000 (the "Base Amount"), at which time, all
Section 7.1 Indemnified Claims under the Asset Agreement and Section 6.1
Indemnified Claims under the Stock Agreement, including the Base Amount, may be
claimed in full and, if indemnifiable under the Article 7 of the Asset Agreement
or Article 6 of the Stock Agreement, as the case may be, shall be indemnified in
full; provided however, PRGX shall have the right to be indemnified without
regard to such Base Amount for claims relating to or arising from (A) the
matters described in Section 7.1(c)-(j) of the Asset Agreement, except with
respect to claims under

                                      -5-

<PAGE>
Section 7.1(g) of the Asset Agreement, the deductible contained therein shall
apply; (B) Section 6.1(c)-(h) of the Stock Agreement, except with respect to
claims under Section 6.1(e) of the Stock Agreement, the deductible contained
therein shall apply; (C) claims in respect of payroll and other Tax liabilities;
(D) liabilities arising from breaches of representations and warranties
contained in Section 5.22 of the Asset Agreement; (E) compliance with Executive
Order 11246; (F) ownership of any equity interest in any Company; (G) existing
litigation, arbitrations, or mediations, and (H) claims based on noncompliance
by any of the Companies with applicable laws, orders, rules and regulations of
Governmental Entities.

                           (ii)     Notwithstanding anything to the contrary
contained herein or in the Acquisition Agreements, neither H. Schultz, A.
Schultz, the Trust, HSA-Texas shall assert any claim against PRGX for
indemnification pursuant to Section 7.2 of the Asset Agreement or Section 6.2 of
the Stock Agreement until the total of all Section 7.2 Indemnified Claims under
the Asset Agreement and all Section 6.2 Indemnified Claims under the Stock
Agreement equal or exceed the Base Amount, at which time all such Section 7.2
Indemnified Claims and Section 6.2 Indemnified Claims including the Base Amount
may be claimed in full and if indemnifiable under the respective Acquisition
Agreements and this Agreement shall be indemnified in full.

                  (b) Cap.

                           (i)      Notwithstanding anything to the contrary
contained herein or in the Acquisition Agreements, in no event will the Schultz
Indemnifying Parties be liable for aggregate Section 7.1 Indemnified Claims
under the Asset Agreement and Section 6.1 Indemnified Claims under the Stock
Agreement exceeding $53,300,000, being thirty-five percent (35%) the aggregate
amount of the Consideration under the Asset Agreement and the Consideration
under the Stock Agreement, with the shares of PRGX Common Stock constituting
such aggregate Considerations based on the PRGX Average Price as defined in the
Asset Agreement (the "Cap").

                           (ii)     Notwithstanding anything to the contrary
contained herein or in the Acquisition Agreements, in no event will PRGX be
liable for aggregate Section 7.2 Indemnified Claims under the Asset Agreement
and Section 6.2 Indemnified Claims under the Stock Agreement exceeding the Cap.

                  (c) Materiality. Notwithstanding anything in this Agreement or
the Acquisition Agreements to the contrary, for purposes of determining (i)
whether the PRGX Indemnified Parties have a Section 7.1 Indemnified Claim under
the Asset Agreement or a Section 6.1 Indemnified Claim under the Stock Agreement
against any of the Schultz Indemnifying Parties or (ii) whether the H. Schultz,
A. Schultz, the Trust or HSA-Texas have a Section 7.2 Indemnified Claim under
the Asset Agreement or a Section 6.2 Indemnified Claim under the Stock Agreement
against PRGX, all references to "material,""materiality," "Material Adverse
Effect," or words of similar meaning or import included in any representation,
warranty, covenant or agreement shall be completely disregarded, and such
representation, warranty, covenant or agreement shall be read as if the
applicable representation, warranty, covenant or agreement, as the case may be,
had been written without such words. It is the intention of the parties hereto
that the concept of materiality as a limitation in any such representation,
warranty, covenant or agreement is for the purpose of determining whether the
closing conditions under the Acquisition Agreements have been

                                      -6-

<PAGE>

fulfilled and met or whether the parties thereto have breached such
representation, warranty, covenant or agreement prior to Closing; however, such
words are not intended to limit the right of any PRGX Indemnified Party(ies) to
recover, or the amount of such recovery with respect to all claims, liabilities,
damages, losses, costs and expenses (including reasonable attorneys' fees and
costs of curing any breach of any representation, warranty, agreement or
covenant) incurred or suffered by any of them and arising out of any such
Section 7.1 Indemnified Claim or Section 7.2 Indemnified Claim under the Asset
Agreement or Section 6.1 Indemnified Claim or Section 6.2 Indemnified Claim
under the Stock Agreement, as the case may be.

         5. MISCELLANEOUS PROVISIONS.

                  (a)      Severability. If any provision of this Agreement is
prohibited by the laws of any jurisdiction as those laws apply to this
Agreement, that provision shall be ineffective to the extent of such prohibition
and/or shall be modified to conform with such laws, without invalidating the
remaining provisions hereto.

                  (b)      Amendment; Modification; Extension; Waiver.

                           (v)      This Agreement may be amended by the parties
hereto, by action taken or authorized by their respective Boards of Directors,
at any time before or after approval of the matters presented in connection with
the Acquisition by the shareholders of PRGX and HSA-Texas, but, after any such
approval, no amendment shall be made which by law or in accordance with the
rules of the NASDAQ Stock Market requires further approval by the PRGX
shareholders without such further approval; provided, however, this Agreement
may not be amended except by an instrument in writing signed on behalf of each
of the parties hereto.

                           (vi)     At any time prior to the Closing, the
parties may (a) extend the time for the performance of any of the obligations or
other acts of the other parties, (b) waive any inaccuracies in the
representations and warranties contained in this Agreement or in any document
delivered pursuant to this Agreement or (c) subject to the proviso of Section
9.2(g), waive compliance with any of the agreements or conditions contained in
this Agreement. Any such extension or waiver shall be valid only if set forth in
an instrument in writing signed by each of the parties hereto. No failure or
delay by any party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof nor shall any single or partial exercise thereof
preclude any other or further exercise thereof or the exercise of any other
right, power or privilege. The rights and remedies herein provided shall be
cumulative and not exclusive of any rights or remedies provided by law.

                  (c)      Assignment, Survival and Binding Agreement. This
Agreement, the other HSA-Texas Transaction Documents and the other PRGX
Transaction Documents (a) may not be assigned by PRGX on or prior to the Closing
without the prior written consent of HSA-Texas and Shareholders (except for an
assignment to a wholly owned subsidiary of PRGX, which may be made without the
prior consent of, but with notice to, HSA-Texas provided that, in such event,
the assignor shall remain obligated hereunder in the same manner as if such
assignment had not been effected); (b) may not be assigned by PRGX after the
Closing without the prior written consent of HSA-Texas and Shareholders'
Representative, except for (i) an assignment to an affiliate of PRGX, which may
be made without the prior consent of, but with notice to, HSA-

                                      -7-

<PAGE>

Texas and Shareholders' Representative; provided that, in such event, the
assignor shall remain obligated hereunder in the same manner as if such
assignment had not been effected and (ii) in the event of a merger,
consolidation, reorganization or similar transaction of PRGX with a Person where
such other Person is the surviving entity of such transaction, this Agreement
may be assigned by PRGX without the prior consent of, but with notice to,
HSA-Texas and Shareholders' Representative; and (c) may not be assigned by
HSA-Texas or Shareholders at any time, without the prior written consent of
PRGX. The terms and conditions of this Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, personal
representatives, successors and assigns. The parties hereto acknowledge that
PRGX intends to transfer and assign the Acquired Assets and the Assumed
Liabilities to PRGUSA, its wholly-owned subsidiary, as soon as practicable after
the Closing, whereupon all obligations of PRGX referred to herein with respect
to such Acquired Assets and Assumed Liabilities shall thereafter be deemed to be
primary obligations of PRGUSA, for which PRGX shall be secondarily liable, and
acknowledge that this sentence constitutes notice of such assignment.

                  (d)      Counterparts. This Agreement may be executed in two
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

                  (e)      Notices. All notices, requests, demands, claims or
other communications hereunder will be in writing and shall be deemed duly given
if personally delivered, sent by telefax, sent by a recognized overnight
delivery service which guarantees next-day delivery ("Overnight Delivery") or
mailed by certified mail, return receipt requested, postage prepaid and
addressed to the intended recipient, as set forth below:

If to any Schultz Indemnifying Party:    Shareholders' Representative
                                         Howard Schultz & Associates
                                         International, Inc.
                                         9924 LBJ Freeway
                                         Dallas, TX  75243
                                         Attention: Howard Schultz
                                         Telefax: (972) 690-7584

              with a copy to:            Malouf Lynch Jackson & Swinson
                                         600 Preston Commons East
                                         8115 Preston Road
                                         Dallas, TX 75225
                                         Attention: Curtis Swinson, Esq.
                                         Telefax: (214) 273-0567

              with a copy to:            Michael Glazer
                                         Howard Schultz & Associates
                                         International, Inc.
                                         9924 LBJ Freeway
                                         Dallas, TX 75243
                                         Telefax: (972) 690-7584

                                      -8-

<PAGE>

              If to PRGX or PRGX:        The Profit Recovery Group USA, Inc.
                                         2300 Windy Ridge Parkway
                                         Suite 100 North
                                         Atlanta, GA 30339-8426
                                         Attention: Clinton McKellar, Jr.
                                         Senior Vice President & General Counsel
                                         Telefax: (770) 779-3034

              with a copy to:            Arnall Golden Gregory LLP
                                         1201 West Peachtree Street, Suite 2800
                                         Atlanta, Georgia 30309-3400
                                         Attention: Jonathan Golden, Esq.
                                         Telefax: (404) 873-8701

or at such other address as any party hereto notifies the other parties hereof
in writing. The parties hereto agree that notices or other communications that
are sent in accordance herewith (i) by personal delivery or telefax, will be
deemed received on the day sent or on the first business day thereafter if not
sent on a business day (with written confirmation of receipt), (ii) by Overnight
Delivery, will be deemed received on the first business day immediately
following the date sent, and (iii) by certified U.S. Mail, return receipt
requested, will be deemed received three (3) business days immediately following
the date sent. For purposes of this Agreement, a "business day" is a day on
which U.S. national banks are open for business and shall not include a Saturday
or Sunday or legal holiday. Notwithstanding anything to the contrary in this
Agreement, no action shall be required of the parties hereto except on a
business day and in the event an action is required on a day which is not a
business day, such action shall be required to be performed on the next
succeeding day which is a business day.

                  (f)      Entire Agreement; No Third Party Beneficiaries.
Except for the Nondisclosure Agreement, which remains in full force and effect
in accordance with the terms thereof, and the Acquisition Agreements, this
Agreement constitutes the entire agreement and supersedes any and all other
prior agreements and undertakings, both written and oral, among the parties, or
any of them, with respect to the subject matter hereof and, except as otherwise
expressly provided herein, is not intended to confer upon any Person other than
PRGX, HSA-Texas, the Stock Companies, H. Schultz, A. Schultz and the Trust, any
rights or remedies hereunder.

                  (g)      Further Assurances. The parties to this Agreement
agree to execute and deliver, both before and after the closing, any additional
information or documents or agreements contemplated hereby and/or necessary or
appropriate to effect and consummate the transactions contemplated hereby.

                  (h)      Choice of Law. This Agreement and all documents
executed in connection therewith shall be governed by, and construed in
accordance with, the laws of the State of Georgia, regardless of the laws that
might otherwise govern under applicable principles of conflict of laws thereof.

                  (i)      Consent to Jurisdiction. Each of the parties hereto
(a) consents to submit itself to the personal jurisdiction of any federal court
located in the Northern District of Georgia

                                      -9-

<PAGE>

or, if there is not a basis for federal court jurisdiction, a Superior Court of
Cobb County, Georgia in the event any dispute arises out of this Agreement or
any of the transactions contemplated by this Agreement, (b) agrees that it will
not attempt to deny or defeat such personal jurisdiction by motion or other
request for leave from any such court, and (c) agrees that it will not bring any
action relating to this Agreement or any of the transactions contemplated by
this Agreement in any court other than a federal court sitting in the Northern
District of Georgia or a Cobb County Superior Court.

                  (j)      Dispute Resolution.

                           (i)      Financial Matters. Notwithstanding any
provision of this Agreement to the contrary, all disputes, controversies or
claims arising out of or relating to this Agreement or the transactions
contemplated hereby relating to financial matters shall be resolved by agreement
among the parties, or, if not so resolved within forty-five (45) days following
written notice of dispute given by either party hereto to the other, by
arbitration in accordance with Title 9 of the United States Code (the United
States Arbitration Act), the Commercial Arbitration Rules of the American
Arbitration Association, and its Optional Rules for Emergency Measures of
Protection (the "Optional Rules"), all as amended from time to time
(collectively, the "Rules") and the provisions of this Section; provided,
however, that the provisions of this Section shall prevail in the event of any
conflict with such Rules. The parties agree that they shall use their best
efforts to cause the matter to be presented to the arbitral tribunal as soon as
possible in light of the complexity of the dispute. The arbitral tribunal,
except as provided under the Optional Rules, shall consist of three neutral
arbitrators experienced in the industry related to the dispute, one of whom
shall be chosen by the claimant and one chosen by respondent, and the two so
chosen shall choose the third arbitrator who shall act as chairperson. The
parties shall be entitled to engage in discovery in connection with arbitration,
which discovery shall be conducted in accordance with Georgia rules of Civil
Procedure and Evidence. Additionally, there shall be no evidence by affidavit
allowed, and each party shall disclose a list of all documentary evidence to be
used, a list of all witnesses and experts to be called by the party at least
twenty (20) days prior to the arbitration hearing. The decision of a majority of
the arbitral tribunal with respect to the matters referred to them pursuant
hereto shall be final and binding upon the parties to the dispute, and
confirmation and enforcement thereof may be rendered thereon by any court having
jurisdiction upon application of any Person who is a party to the arbitration
proceeding. The arbitral tribunal shall assess fees, expenses, compensation, and
attorney's fees in the award as provided in the Rules. The arbitral tribunal
shall have no power or authority under this Agreement or otherwise to award or
provide for the award of punitive or consequential damages against any party.
Any arbitration shall be conducted in Atlanta, Georgia.

                           (ii)     Other Matters. Notwithstanding any provision
of this Agreement to the contrary, in respect of all disputes, controversies or
claims arising out of or relating to this Agreement or the transactions
contemplated relating to any matters other than financial matters the parties
may exercise any and all rights and remedies available at law or in equity.
Without limiting the generality of the foregoing, in the event of a breach or
threatened breach by any party hereto of any of its covenants or other
obligations hereunder, including, without limitation, the parties' respective
obligations to close the transactions contemplated hereby, each of the parties
hereby consents and agrees that the non-breaching party shall be entitled to an
injunction or similar equitable relief restraining the breaching party(s) from
committing or continuing any such breach or threatened breach or granting
specific performance of any act required to be

                                      -10-

<PAGE>

performed by the breaching party(s) under any such provision, without the
necessity of showing any actual damage or that money damages would not afford an
adequate remedy and without the necessity of posting any bond or other security.
The right of the non-breaching party to injunctive relief shall be in addition
to any and all other remedies available to it and shall not be construed to
prevent it from pursuing, either consecutively or concurrently, any and all
other legal or equitable remedies available to them including the recovery of
monetary damages.

                  (k)      Reliance. Each party hereto acknowledges and
represents (i) that this Agreement is executed without reliance on any
agreement, promise, statement, or representation by or on behalf of any person,
except as set forth specifically herein, in the Acquisition Agreements, the
HSA-Texas Transaction Documents or the PRGX Transaction Documents, as defined in
the Asset Agreement, or the Shareholders' Transaction Documents or the PRGX
Transaction Documents, as defined in the Stock Agreement, or referred to herein
or therein, (ii) that no person, and no agent or attorney of any person, has
made any promises, representations, or warranties whatsoever, whether expressed
or implied, which are not expressly contained herein, and (iii) that he or its
authorized officer has read this Agreement and is fully aware of its contents
and legal effect.

                  (l)      Marital Property Rights. The Persons signing in their
individual capacities below, whether as a party or as a spouse of a party,
acknowledge and agree that: (i) each is individually joining in and assenting to
this Agreement, (ii) each consents to and approves of the transactions
contemplated by this Agreement, and (iii) each intends individually to be
legally bound by this Agreement. Each such individual Person also acknowledges
that he or she will directly and personally benefit from the transactions
contemplated by this Agreement and the Acquisition Agreements to which such
individual or his or her spouse is a party, that such Person has had an
opportunity to review all such documents and consult with independent legal
counsel, and that PRGX is entering into this Agreement and the Acquisition
Agreements in reliance upon the agreements set forth in this paragraph.

                  (m)      Section Headings; Construction. The headings of
Sections in this Agreement are provided for convenience only and will not affect
its construction or interpretation. All references to "Section" or "Sections"
refer to the corresponding Section or Sections of this Agreement. All words used
in this Agreement will be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the word "including"
does not limit the preceding words or terms.

                  (n)      Obligations of HSA-Texas Stockholders.
Notwithstanding anything to the contrary contained herein, no stockholder of
HSA-Texas (including the Shareholders) nor any of the stockholders of the Stock
Companies shall have any obligations under this Agreement unless and until the
Required HSA-Texas Vote as required by the Asset Agreement has been obtained
from the HSA-Texas stockholders and the required affirmation of the vote of the
stockholders of the Stock Companies as required by the Stock Agreement has been
obtained from each of such stockholders after delivery to them of the Joint
Proxy Statement/Prospectus.

                         [Signatures begin on next page]

                                      -11-

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.

                                       PRGX:
                                       THE PROFIT RECOVERY GROUP
                                       INTERNATIONAL, INC.

                                       By: /s/ John M. Cook
                                          --------------------------------------
                                       Name:   John M. Cook
                                       Its: Chairman of the Board and CEO

                                       HSA-TEXAS:
                                       HOWARD SCHULTZ & ASSOCIATES
                                       INTERNATIONAL, INC.

                                       By: /s/ Howard Schultz
                                          --------------------------------------
                                       Name:   Howard Schultz
                                       Its: Chairman of the Board and CEO

                                       /s/ Howard Schultz
                                       -----------------------------------------
                                       Howard Schultz

                                       /s/ Leslie Schultz
                                       -----------------------------------------
                                       Leslie Schultz, signing solely for the
                                       purpose of acknowledging the provisions
                                       of Section 5(l) hereof

                                       /s/ Andrew H. Schultz
                                       -----------------------------------------
                                       Andrew H. Schultz

                                       /s/ Nicole Malkoff Schultz
                                       -----------------------------------------
                                       Nicole Malkoff Schultz, signing solely
                                       for the purpose of acknowledging the
                                       provisions of Section 5(l) hereof

                                       Andrew H. Schultz Irrevocable Trust
                                       u/a dated May 1, 1997

                                       By: /s/ Andrew H. Schultz
                                          --------------------------------------
                                          Andrew H. Schultz, Sole Trustee

                                      -12-

<PAGE>

                                          The Zachary Herman Schultz Trust
                                          u/a dated June 3, 1997

                                          By: /s/ Howard Schultz
                                             -----------------------------------
                                             Howard Schultz, Sole Trustee

                                          The Gabriella Schultz Trust
                                          u/a dated March 31, 1998

                                          By: /s/ Howard Schultz
                                             -----------------------------------
                                             Howard Schultz, Sole Trustee

                                          The Samuel Joel Schultz Trust
                                          u/a dated July 3, 2001

                                          By: /s/ Howard Schultz
                                             -----------------------------------
                                             Howard Schultz, Sole Trustee

                                          The HHS Charitable Lead Annuity Trust
                                          u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          The LVS Charitable Lead Annuity Trust
                                          u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          The Daniel Alan Schultz HHS (2001) GST
                                          Trust u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                      -13-

<PAGE>
                                          The Jaynie Schultz Romaner HHS (2001)
                                          GST Trust u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          The Andrew Harold Schultz HHS (2001)
                                          GST Trust u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          The Daniel Alan Schultz LVS (2001) GST
                                          Trust u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          The Jaynie Schultz Romaner LVS (2001)
                                          GST Trust u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          The Andrew Harold Schultz LVS (2001)
                                          GST Trust u/a dated April 5, 2001

                                          By: /s/ Harold Berman
                                             -----------------------------------
                                             Harold Berman, Sole Trustee

                                          SHAREHOLDERS' REPRESENTATIVE:

                                          /s/ Howard Schultz
                                          --------------------------------------
                                          Howard Schultz

                                      -14-<PAGE>
                                                                   EXHIBIT 10.41

                                PLEDGE AGREEMENT

         THIS PLEDGE AGREEMENT (this "Pledge Agreement") is entered into as of
December 31, 2001 among THE PROFIT RECOVERY GROUP USA, INC., a Georgia
corporation (the "Borrower"), THE PROFIT RECOVERY GROUP INTERNATIONAL, INC., a
Georgia corporation (the "Parent"), certain of the Domestic Subsidiaries of the
Parent (such Domestic Subsidiaries, together with the Parent, individually a
"Guarantor", and collectively the "Guarantors"; the Guarantors together with the
Borrower, individually a "Pledgor", and collectively the "Pledgors") and BANK OF
AMERICA, N.A., in its capacity as administrative agent (in such capacity, the
"Administrative Agent") for the lenders from time to time party to the Credit
Agreement described below (the "Lenders").

                                    RECITALS

         WHEREAS, pursuant to that certain Credit Agreement dated as of the date
hereof (as amended, modified, extended, renewed or replaced from time to time,
the "Credit Agreement") among the Borrower, the Guarantors, the Lenders and the
Administrative Agent, the Lenders have agreed to make Loans and issue Letters of
Credit upon the terms and subject to the conditions set forth therein; and

         WHEREAS, it is a condition precedent to the effectiveness of the Credit
Agreement and the obligations of the Lenders to make their respective Loans and
to issue Letters of Credit under the Credit Agreement that the Pledgors shall
have executed and delivered this Pledge Agreement to the Administrative Agent
for the ratable benefit of the Lenders.

         NOW, THEREFORE, in consideration of these premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

         1.       Definitions. Unless otherwise defined herein, capitalized
terms used herein shall have the meanings ascribed to such terms in the Credit
Agreement. In addition, the following terms, which are defined in the UCC as in
effect in the State of Georgia on the date hereof, are used herein as so
defined: Accession, Financial Asset, Proceeds and Security. For purposes of this
Pledge Agreement, the term "Lender" shall include any Affiliate of any Lender
which has entered into a Hedging Agreement with any Credit Party in connection
with the Loans.

         2.       Pledge and Grant of Security Interest. To secure the prompt
payment and performance in full when due, whether by lapse of time,
acceleration, mandatory prepayment or otherwise, of the Pledgor Obligations (as
defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the
Administrative Agent, for the benefit of the Lenders, and grants to the
Administrative Agent, for the benefit of the Lenders, a continuing security
interest in, and a right to set-off against, any and all right, title and
interest of such Pledgor in and to the following,

<PAGE>

whether now owned or existing or owned, acquired, or arising hereafter
(collectively, the "Pledged Collateral"):

                  (a)      Pledged Shares. (i) 100% (or, if less, the full
         amount owned by such Pledgor) of the issued and outstanding shares of
         capital stock owned by such Pledgor of each Domestic Subsidiary of such
         Pledgor set forth on Schedule 2(a) attached hereto and (ii) 66% of the
         issued and outstanding shares of each class of capital stock or other
         ownership interests entitled to vote (within the meaning of Treas. Reg.
         Section 1.956-2(c)(2)) ("Voting Equity") and 100% (or, if less, the
         full amount owned by such Pledgor) of the issued and outstanding shares
         of each class of capital stock or other ownership interests not
         entitled to vote (within the meaning of Treas. Reg. Section
         1.956-2(c)(2)) ("Non-Voting Equity") owned by such Pledgor of each
         Material Foreign Subsidiary set forth on Schedule 2(a) attached hereto,
         in each case together with the certificates (or other agreements or
         instruments), if any, representing such shares, and all options and
         other rights, contractual or otherwise, with respect thereto
         (collectively, together with the shares of capital stock described in
         Section 2(b) and 2(c) below, the "Pledged Shares"), including, but not
         limited to, the following:

                           (y)      all shares or securities representing a
                  dividend on any of the Pledged Shares, or representing a
                  distribution or return of capital upon or in respect of the
                  Pledged Shares, or resulting from a stock split, revision,
                  reclassification or other exchange therefor, and any
                  subscriptions, warrants, rights or options issued to the
                  holder of, or otherwise in respect of, the Pledged Shares; and

                           (z)      without affecting the obligations of the
                  Pledgors under any provision prohibiting such action hereunder
                  or under the Credit Agreement, in the event of any
                  consolidation or merger involving the issuer of any Pledged
                  Shares and in which such issuer is not the surviving
                  corporation, all shares of each class of the capital stock of
                  the successor corporation formed by or resulting from such
                  consolidation or merger.

                  (b)      Additional Shares. 100% (or, if less, the full amount
         owned by such Pledgor) of the issued and outstanding shares of capital
         stock owned by such Pledgor of any Person which hereafter becomes a
         Domestic Subsidiary of such Pledgor and 66% of the Voting Equity and
         100% (or, if less, the full amount owned by such Pledgor) of the
         Non-Voting Equity owned by such Pledgor of any Person which hereafter
         becomes a Material Foreign Subsidiary of such Pledgor, including,
         without limitation, the certificates (or other agreements or
         instruments) representing such shares.

                  (c)      Other Equity Interests. Any and all other capital
         stock, membership interests or other equity interests owned by such
         Pledgor in any Domestic Subsidiary or any Material Foreign Subsidiary
         of such Pledgor.

                                       2
<PAGE>

                  (d)      Accessions and Proceeds. All Accessions and Proceeds
         of the foregoing, however and whenever acquired and in whatever form.

         Without limiting the generality of the foregoing, it is hereby
specifically understood and agreed that a Pledgor may from time to time
hereafter deliver additional shares of stock to the Administrative Agent as
collateral security for the Pledgor Obligations. Upon delivery to the
Administrative Agent, such additional shares of stock shall be deemed to be part
of the Pledged Collateral of such Pledgor and shall be subject to the terms of
this Pledge Agreement whether or not Schedule 2(a) is amended to refer to such
additional shares.

         3.       Security for Pledgor Obligations. The security interest
created hereby in the Pledged Collateral of each Pledgor constitutes continuing
collateral security for all of the following, whether now existing or hereafter
incurred (the "Pledgor Obligations"):

                           (a)      In the case of the Borrower, the prompt
         performance and observance by the Borrower of all obligations of the
         Borrower under the Credit Agreement, the Notes, this Pledge Agreement
         and the other Credit Documents to which the Borrower is a party;

                           (b)      In the case of the Guarantors, the prompt
         performance and observance by such Guarantor of all obligations of such
         Guarantor under the Credit Agreement, this Pledge Agreement and the
         other Credit Documents to which such Guarantor is a party, including,
         without limitation, its guaranty obligations arising under Section 4 of
         the Credit Agreement; and

                           (c)      All other indebtedness, liabilities and
         obligations of any kind or nature, now existing or hereafter arising,
         owing from any Pledgor to any Lender or the Administrative Agent,
         howsoever evidenced, created, incurred or acquired, whether primary,
         secondary, direct, contingent, or joint and several, including, without
         limitation, all liabilities arising under any Hedging Agreement between
         any Credit Party and any Lender in connection with the Loans and all
         obligations and liabilities incurred in connection with collecting and
         enforcing the Pledgor Obligations.

         4.       Delivery of the Pledged Collateral. Each Pledgor hereby agrees
that:

                  (a)      Each Pledgor shall deliver to the Administrative
         Agent (i) simultaneously with or prior to the execution and delivery of
         this Pledge Agreement, all certificates representing the Pledged Shares
         of such Pledgor and (ii) promptly upon the receipt thereof by or on
         behalf of a Pledgor, all other certificates and instruments
         constituting Pledged Collateral of a Pledgor. Prior to delivery to the
         Administrative Agent, all such certificates and instruments
         constituting Pledged Collateral of a Pledgor shall be held in trust by
         such Pledgor for the benefit of the Administrative Agent pursuant
         hereto. All such certificates shall be delivered in suitable form for
         transfer by delivery or shall be accompanied by duly executed
         instruments of transfer or assignment in blank, substantially in the
         form provided in Exhibit 4(a) attached hereto.

                                       3
<PAGE>

                  (b)      Additional Securities. If such Pledgor shall receive
         by virtue of its being or having been the owner of any Pledged
         Collateral, any (i) stock certificate, including without limitation,
         any certificate representing a stock dividend or distribution in
         connection with any increase or reduction of capital, reclassification,
         merger, consolidation, sale of assets, combination of shares, stock
         splits, spin-off or split-off, promissory notes or other instruments;
         (ii) option or right, whether as an addition to, substitution for, or
         an exchange for, any Pledged Collateral or otherwise; (iii) dividends
         payable in securities; or (iv) distributions of securities in
         connection with a partial or total liquidation, dissolution or
         reduction of capital, capital surplus or paid-in surplus, then such
         Pledgor shall receive such stock certificate, instrument, option, right
         or distribution in trust for the benefit of the Administrative Agent,
         shall segregate it from such Pledgor's other property and shall deliver
         it forthwith to the Administrative Agent in the exact form received
         together with any necessary endorsement and/or appropriate stock power
         duly executed in blank, substantially in the form provided in Exhibit
         4(a), to be held by the Administrative Agent as Pledged Collateral and
         as further collateral security for the Pledgor Obligations.

                  (c)      Financing Statements. Each Pledgor shall authorize
         and deliver to the Administrative Agent such UCC or other applicable
         financing statements as may be reasonably requested by the
         Administrative Agent in order to perfect and protect the security
         interest created hereby in the Pledged Collateral of such Pledgor.

         5.       Representations and Warranties. Each Pledgor hereby represents
and warrants to the Administrative Agent, for the benefit of the Lenders, that
so long as any of the Pledgor Obligations remain outstanding or any Credit
Document or Hedging Agreement between any Credit Party and any Lender in
connection with the Loans is in effect or any Letter of Credit shall remain
outstanding, and until all of the Commitments shall have been terminated:

                  (a)      Authorization of Pledged Shares. The Pledged Shares
         are duly authorized and validly issued, are fully paid and
         nonassessable and are not subject to the preemptive rights of any
         Person. All other shares of stock constituting Pledged Collateral will
         be duly authorized and validly issued, fully paid and nonassessable and
         not subject to the preemptive rights of any Person.

                  (b)      Title. Each Pledgor has good and indefeasible title
         to the Pledged Collateral of such Pledgor and will at all times be the
         legal and beneficial owner of such Pledged Collateral free and clear of
         any Lien, other than Permitted Liens. There exists no "adverse claim"
         within the meaning of Section 8-102 of the Uniform Commercial Code as
         in effect in the State of Georgia (the "UCC") with respect to the
         Pledged Shares of such Pledgor.

                  (c)      Exercising of Rights. The exercise by the
         Administrative Agent of its rights and remedies hereunder will not
         violate any law or governmental regulation or any material contractual
         restriction binding on or affecting a Pledgor or any of its property.

                                       4
<PAGE>

                  (d)      Pledgor's Authority. No authorization, approval or
         action by, and no notice or filing with any Governmental Authority or
         with the issuer of any Pledged Shares is required either (i) for the
         pledge made by a Pledgor or for the granting of the security interest
         by a Pledgor pursuant to this Pledge Agreement (except as have already
         been obtained) or (ii) for the exercise by the Administrative Agent or
         the Lenders of their rights and remedies hereunder (except as may be
         required by laws affecting the offering and sale of securities).

                  (e)      Security Interest/Priority. This Pledge Agreement
         creates a valid security interest in favor of the Administrative Agent
         for the benefit of the Lenders, in the Pledged Collateral. The taking
         possession by the Administrative Agent of the certificates representing
         the Pledged Shares and all other certificates and instruments
         constituting Pledged Collateral will perfect and establish the first
         priority of the Administrative Agent's security interest in the Pledged
         Shares and, when properly perfected by filing or registration, in all
         other Pledged Collateral represented by such Pledged Shares and
         instruments securing the Pledgor Obligations. Except as set forth in
         this Section 5(e), no action is necessary to perfect or otherwise
         protect such security interest.

                  (f)      Partnership and Membership Interests. Except as
         previously disclosed to the Administrative Agent, none of the Pledged
         Shares consisting of partnership or limited liability company interests
         (i) is dealt in or traded on a securities exchange or in a securities
         market, (ii) by its terms expressly provides that it is a security
         governed by Article 8 of the UCC, (iii) is an investment company
         security, (iv) is held in a securities account or (v) constitutes a
         Security or a Financial Asset.

                  (g)      No Other Shares. No Pledgor owns any shares of stock
         other than as set forth on Schedule 2(a) attached hereto.

         6.       Covenants. Each Pledgor hereby covenants, that so long as any
of the Pledgor Obligations remain outstanding or any Credit Document or Hedging
Agreement between any Credit Party and any Lender in connection with the Loans
is in effect or any Letter of Credit shall remain outstanding, and until all of
the Commitments shall have been terminated, such Pledgor shall:

                  (a)      Books and Records. Mark its books and records (and
         shall cause the issuer of the Pledged Shares of such Pledgor to mark
         its books and records) to reflect the security interest granted to the
         Administrative Agent, for the benefit of the Lenders, pursuant to this
         Pledge Agreement.

                  (b)      Defense of Title. Warrant and defend title to and
         ownership of the Pledged Collateral of such Pledgor at its own expense
         against the claims and demands of all other parties claiming an
         interest therein, keep the Pledged Collateral free from all Liens,
         except for Permitted Liens, and not sell, exchange, transfer, assign,
         lease or

                                       5
<PAGE>

         otherwise dispose of Pledged Collateral of such Pledgor or any interest
         therein, except as permitted under the Credit Agreement and the other
         Credit Documents.

                  (c)      Further Assurances. Promptly execute and deliver at
         its expense all further instruments and documents and take all further
         action that may be reasonably necessary and desirable or that the
         Administrative Agent may reasonably request in order to (i) perfect and
         protect the security interest created hereby in the Pledged Collateral
         of such Pledgor (including without limitation any and all action
         necessary to reasonably satisfy the Administrative Agent that the
         Administrative Agent has obtained a first priority perfected security
         interest in any capital stock, membership interests or other equity
         interests); (ii) enable the Administrative Agent to exercise and
         enforce its rights and remedies hereunder in respect of the Pledged
         Collateral of such Pledgor; and (iii) otherwise effect the purposes of
         this Pledge Agreement, including, without limitation and if requested
         by the Administrative Agent, delivering to the Administrative Agent
         irrevocable proxies in respect of the Pledged Collateral of such
         Pledgor upon the occurrence of and during the continuation of an Event
         of Default.

                  (d)      Amendments. Not make or consent to any amendment or
         other modification or waiver with respect to any of the Pledged
         Collateral of such Pledgor or enter into any agreement or allow to
         exist any restriction with respect to any of the Pledged Collateral of
         such Pledgor other than pursuant hereto.

                  (e)      Compliance with Securities Laws. File all reports and
         other information now or hereafter required to be filed by such Pledgor
         with the United States Securities and Exchange Commission and any other
         state, federal or foreign agency in connection with the ownership of
         the Pledged Collateral of such Pledgor.

                  (f)      Issuance or Acquisition of Capital Stock. Not,
         without executing and delivering, or causing to be executed and
         delivered, to the Administrative Agent such agreements, documents and
         instruments as the Administrative Agent may reasonably require, issue
         or acquire any capital stock consisting of an interest in a partnership
         or a limited liability company that (i) is dealt in or traded on a
         securities exchange or in a securities market, (ii) by its terms
         expressly provides that it is a security governed by Article 8 of the
         UCC, (iii) is an investment company security, (iv) is held in a
         securities account or (v) constitutes a Security or a Financial Asset.

                  (g)      Authorization. Authorize the Administrative Agent to
         prepare and file such financing statements (including renewal
         statements), amendments and supplements or such other instruments as
         the Administrative Agent may from time to time reasonably deem
         necessary, appropriate or convenient in order to perfect and maintain
         the security interests granted hereunder in accordance with the UCC.

         7.       Advances by Lenders. On failure of any Pledgor to perform any
of the covenants and agreements contained herein, the Administrative Agent may,
at its sole option and in its sole discretion, perform the same and in so doing
may expend such sums as the Administrative Agent

                                       6
<PAGE>

may reasonably deem advisable in the performance thereof, including, without
limitation, the payment of any insurance premiums, the payment of any taxes, a
payment to obtain a release of a Lien or potential Lien, expenditures made in
defending against any adverse claim and all other expenditures which the
Administrative Agent or the Lenders may make for the protection of the security
hereof or which may be compelled to make by operation of law. All such sums and
amounts so expended shall be repayable by the Pledgors on a joint and several
basis promptly upon timely notice thereof and demand therefor, shall constitute
additional Pledgor Obligations and shall bear interest from the date said
amounts are expended at the default rate specified in Section 3.1 of the Credit
Agreement for Revolving Loans that are Base Rate Loans. No such performance of
any covenant or agreement by the Administrative Agent or the Lenders on behalf
of any Pledgor, and no such advance or expenditure therefor, shall relieve the
Pledgors of any default under the terms of this Pledge Agreement, the other
Credit Documents or any Hedging Agreement between any Credit Party and any
Lender in connection with the Loans. The Lenders may make any payment hereby
authorized in accordance with any bill, statement or estimate procured from the
appropriate public office or holder of the claim to be discharged without
inquiry into the accuracy of such bill, statement or estimate or into the
validity of any tax assessment, sale, forfeiture, tax lien, title or claim
except to the extent such payment is being contested in good faith by a Pledgor
in appropriate proceedings and against which adequate reserves are being
maintained in accordance with GAAP.

         8.       Events of Default. The occurrence of an event which under the
Credit Agreement would constitute an Event of Default shall be an Event of
Default hereunder (an "Event of Default").

         9.       Remedies.

                  (a)      General Remedies. Upon the occurrence of an Event of
         Default and during the continuation thereof, the Administrative Agent
         and the Lenders shall have, in respect of the Pledged Collateral of any
         Pledgor, in addition to the rights and remedies provided herein, in the
         Credit Documents, in any Hedging Agreement between any Credit Party and
         any Lender in connection with the Loans or by law, the rights and
         remedies of a secured party under the UCC or any other applicable law.

                  (b)      Sale of Pledged Collateral. Upon the occurrence of an
         Event of Default and during the continuation thereof, without limiting
         the generality of this Section and without notice, the Administrative
         Agent may, in its sole discretion, sell or otherwise dispose of or
         realize upon the Pledged Collateral, or any part thereof, in one or
         more parcels, at public or private sale, at any exchange or broker's
         board or elsewhere, at such price or prices and on such other terms as
         the Administrative Agent may deem commercially reasonable, for cash,
         credit or for future delivery or otherwise in accordance with
         applicable law. To the extent permitted by law, any Lender may in such
         event, bid for the purchase of such securities. Each Pledgor agrees
         that, to the extent notice of sale shall be required by law and has not
         been waived by such Pledgor, any requirement of reasonable notice shall
         be met if notice, specifying the place of any public sale or the time
         after which any private sale is to be made, is personally served on or
         mailed, postage prepaid, to such Pledgor, in accordance with the notice
         provisions of

                                       7
<PAGE>

         Section 11.1 of the Credit Agreement at least 10 days before the time
         of such sale. The Administrative Agent shall not be obligated to make
         any sale of Pledged Collateral of such Pledgor regardless of notice of
         sale having been given. The Administrative Agent may adjourn any public
         or private sale from time to time by announcement at the time and place
         fixed therefor, and such sale may, without further notice, be made at
         the time and place to which it was so adjourned.

                  (c)      Private Sale. Upon the occurrence of an Event of
         Default and during the continuation thereof, the Pledgors recognize
         that the Administrative Agent may deem it impracticable to effect a
         public sale of all or any part of the Pledged Shares or any of the
         securities constituting Pledged Collateral and that the Administrative
         Agent may, therefore, determine to make one or more private sales of
         any such securities to a restricted group of purchasers who will be
         obligated 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 Pledgor acknowledges that any such
         private sale may be at prices and on terms less favorable to the seller
         than the prices and other terms which might have been obtained at a
         public sale and, notwithstanding the foregoing, agrees that such
         private sale shall be deemed to have been made in a commercially
         reasonable manner and that the Administrative Agent shall have no
         obligation to delay sale of any such securities for the period of time
         necessary to permit the issuer of such securities to register such
         securities for public sale under the Securities Act of 1933. Each
         Pledgor further acknowledges and agrees that any offer to sell such
         securities which has been (i) publicly advertised on a bona fide basis
         in a newspaper or other publication of general circulation in the
         financial community of New York, New York (to the extent that such
         offer may be advertised without prior registration under the Securities
         Act of 1933), or (ii) made privately in the manner described above
         shall be deemed to involve a "public sale" under the UCC,
         notwithstanding that such sale may not constitute a "public offering"
         under the Securities Act of 1933, and the Administrative Agent may, in
         such event, bid for the purchase of such securities.

                  (d)      Retention of Pledged Collateral. In addition to the
         rights and remedies hereunder, upon the occurrence of an Event of
         Default, the Administrative Agent may, after providing the notices
         required by Sections 9-620 and 9-621 of the UCC or otherwise complying
         with the requirements of applicable law of the relevant jurisdiction,
         accept or retain all or any portion of the Pledged Collateral in
         satisfaction of the Pledgor Obligations. Unless and until the
         Administrative Agent shall have provided such notices, however, the
         Administrative Agent shall not be deemed to have accepted or retained
         any Pledged Collateral in satisfaction of any Pledgor Obligations for
         any reason.

                  (e)      Deficiency. In the event that the proceeds of any
         sale, collection or realization are insufficient to pay all amounts to
         which the Administrative Agent or the Lenders are legally entitled, the
         Pledgors shall be jointly and severally liable for the deficiency,
         together with interest thereon at the default rate specified in Section
         3.1 of the Credit Agreement for Revolving Loans that are Base Rate
         Loans, together with the costs of collection and the reasonable fees of
         any attorneys employed by the Administrative

                                       8
<PAGE>

         Agent to collect such deficiency. Any surplus remaining after the full
         payment and satisfaction of the Pledgor Obligations shall be returned
         to the Pledgors or to whomsoever a court of competent jurisdiction
         shall determine to be entitled thereto.

         10.      Rights of the Administrative Agent.

                  (a)      Power of Attorney. In addition to other powers of
         attorney contained herein, each Pledgor hereby designates and appoints
         the Administrative Agent, on behalf of the Lenders, and each of its
         designees or agents as attorney-in-fact of such Pledgor, irrevocably
         and with power of substitution, with authority to take any or all of
         the following actions upon the occurrence and during the continuance of
         an Event of Default:

                                    (i)      to demand, collect, settle,
                  compromise, adjust and give discharges and releases concerning
                  the Pledged Collateral of such Pledgor, all as the
                  Administrative Agent may reasonably determine;

                                    (ii)     to commence and prosecute any
                  actions at any court for the purposes of collecting any of the
                  Pledged Collateral of such Pledgor and enforcing any other
                  right in respect thereof;

                                    (iii)    to defend, settle or compromise any
                  action brought and, in connection therewith, give such
                  discharge or release as the Administrative Agent may deem
                  reasonably appropriate;

                                    (iv)     to pay or discharge taxes, liens,
                  security interests, or other encumbrances levied or placed on
                  or threatened against the Pledged Collateral of such Pledgor;

                                    (v)      to direct any parties liable for
                  any payment under any of the Pledged Collateral to make
                  payment of any and all monies due and to become due thereunder
                  directly to the Administrative Agent or as the Administrative
                  Agent shall direct;

                                    (vi)     to receive payment of and receipt
                  for any and all monies, claims, and other amounts due and to
                  become due at any time in respect of or arising out of any
                  Pledged Collateral of such Pledgor;

                                    (vii)    to sign and endorse any drafts,
                  assignments, proxies, stock powers, verifications, notices and
                  other documents relating to the Pledged Collateral of such
                  Pledgor;

                                    (viii)   to settle, compromise or adjust any
                  suit, action or proceeding described above and, in connection
                  therewith, to give such discharges or releases as the
                  Administrative Agent may deem reasonably appropriate;

                                       9
<PAGE>

                                    (ix)     to execute and deliver all
                  assignments, conveyances, statements, financing statements,
                  renewal financing statements, pledge agreements, affidavits,
                  notices and other agreements, instruments and documents that
                  the Administrative Agent may reasonably determine necessary in
                  order to perfect and maintain the security interests and liens
                  granted in this Pledge Agreement and in order to fully
                  consummate all of the transactions contemplated therein;

                                    (x)      to exchange any of the Pledged
                  Collateral of such Pledgor or other property upon any merger,
                  consolidation, reorganization, recapitalization or other
                  readjustment of the issuer thereof and, in connection
                  therewith, deposit any of the Pledged Collateral of such
                  Pledgor with any committee, depository, transfer agent,
                  registrar or other designated agency upon such terms as the
                  Administrative Agent may reasonably determine;

                                    (xi)     to vote for a shareholder
                  resolution, or to sign an instrument in writing, sanctioning
                  the transfer of any or all of the Pledged Shares of such
                  Pledgor into the name of the Administrative Agent or one or
                  more of the Lenders or into the name of any transferee to whom
                  the Pledged Shares of such Pledgor or any part thereof may be
                  sold pursuant to Section 9 hereof; and

                                    (xii)    to do and perform all such other
                  acts and things as the Administrative Agent may reasonably
                  deem to be necessary or proper in connection with the Pledged
                  Collateral of such Pledgor.

         This power of attorney is a power coupled with an interest and shall be
         irrevocable and in effect (i) for so long as any of the Pledgor
         Obligations remain outstanding, any Credit Document or any Hedging
         Agreement between any Credit Party and any Lender in connection with
         the Loans is in effect or any Letter of Credit shall remain outstanding
         and (ii) until all of the Commitments shall have been terminated. The
         Administrative Agent shall be under no duty to exercise or withhold the
         exercise of any of the rights, powers, privileges and options expressly
         or implicitly granted to the Administrative Agent in this Pledge
         Agreement, and shall not be liable for any failure to do so or any
         delay in doing so. The Administrative Agent shall not be liable for any
         act or omission or for any error of judgment or any mistake of fact or
         law in its individual capacity or its capacity as attorney-in-fact
         except acts or omissions resulting from its gross negligence or willful
         misconduct. This power of attorney is conferred on the Administrative
         Agent solely to protect, preserve and realize upon its security
         interest in Pledged Collateral.

                  (b)      Performance by the Administrative Agent of Pledgor's
         Obligations. If any Pledgor fails to perform any agreement or
         obligation contained herein, the Administrative Agent itself may
         perform, or cause performance of, such agreement or obligation, and the
         expenses of the Administrative Agent incurred in connection therewith
         shall be payable by the Pledgors on a joint and several basis pursuant
         to Section 26 hereof.

                                       10
<PAGE>

                  (c)      Assignment by the Administrative Agent. The
         Administrative Agent may from time to time assign the Pledgor
         Obligations and any portion thereof and/or the Pledged Collateral and
         any portion thereof, and the assignee shall be entitled to all of the
         rights and remedies of the Administrative Agent under this Pledge
         Agreement in relation thereto.

                  (d)      The Administrative Agent's Duty of Care. Other than
         the exercise of reasonable care to assure the safe custody of the
         Pledged Collateral while being held by the Administrative Agent
         hereunder, the Administrative Agent shall have no duty or liability to
         preserve rights pertaining thereto, it being understood and agreed that
         the Pledgors shall be responsible for preservation of all rights in the
         Pledged Collateral of such Pledgor, and the Administrative Agent shall
         be relieved of all responsibility for Pledged Collateral upon
         surrendering it or tendering the surrender of it to the Pledgors. The
         Administrative Agent shall be deemed to have exercised reasonable care
         in the custody and preservation of the Pledged Collateral in its
         possession if such Pledged Collateral is accorded treatment
         substantially equal to that which the Administrative Agent accords its
         own property, which shall be no less than the treatment employed by a
         reasonable and prudent agent in the industry, it being understood that
         the Administrative Agent shall not have responsibility for (i)
         ascertaining or taking action with respect to calls, conversions,
         exchanges, maturities, tenders or other matters relating to any Pledged
         Collateral, whether or not the Administrative Agent has or is deemed to
         have knowledge of such matters; or (ii) taking any necessary steps to
         preserve rights against any parties with respect to any Pledged
         Collateral.

                  (e)      Voting Rights in Respect of the Pledged Collateral.

                                    (i)      So long as no Event of Default
                  shall have occurred and be continuing, to the extent permitted
                  by law, each Pledgor may exercise any and all voting and other
                  consensual rights pertaining to the Pledged Collateral of such
                  Pledgor or any part thereof for any purpose not inconsistent
                  with the terms of this Pledge Agreement or the Credit
                  Agreement; and

                                    (ii)     Upon the occurrence and during the
                  continuance of an Event of Default, all rights of a Pledgor to
                  exercise the voting and other consensual rights which it would
                  otherwise be entitled to exercise pursuant to paragraph (i) of
                  this subsection shall cease and all such rights shall
                  thereupon become vested in the Administrative Agent which
                  shall then have the sole right to exercise such voting and
                  other consensual rights.

                  (f)      Dividend Rights in Respect of the Pledged Collateral.

                                       11
<PAGE>

                                    (i)      So long as no Event of Default
                  shall have occurred and be continuing and subject to Section
                  4(b) hereof, each Pledgor may receive and retain any and all
                  dividends (other than stock dividends and other dividends
                  constituting Pledged Collateral which are addressed
                  hereinabove) or interest paid in respect of the Pledged
                  Collateral to the extent they are allowed under the Credit
                  Agreement.

                                    (ii)     Upon the occurrence and during the
                  continuance of an Event of Default:

                                    (A)      all rights of a Pledgor to receive
                           the dividends and interest payments which it would
                           otherwise be authorized to receive and retain
                           pursuant to paragraph (i) of this subsection shall
                           cease and all such rights shall thereupon be vested
                           in the Administrative Agent, which shall then have
                           the sole right to receive and hold as Pledged
                           Collateral such dividends and interest payments; and

                                    (B)      all dividends and interest payments
                           which are received by a Pledgor contrary to the
                           provisions of paragraph (A) of this subsection shall
                           be received in trust for the benefit of the
                           Administrative Agent, shall be segregated from other
                           property or funds of such Pledgor, and shall be
                           forthwith paid over to the Administrative Agent as
                           Pledged Collateral in the exact form received, to be
                           held by the Administrative Agent as Pledged
                           Collateral and as further collateral security for the
                           Pledgor Obligations.

                  (g)      Release of Pledged Collateral. The Administrative
         Agent may release any of the Pledged Collateral from this Pledge
         Agreement or may substitute any of the Pledged Collateral for other
         Pledged Collateral without altering, varying or diminishing in any way
         the force, effect, lien, pledge or security interest of this Pledge
         Agreement as to any Pledged Collateral not expressly released or
         substituted, and this Pledge Agreement shall continue as a first
         priority lien on all Pledged Collateral not expressly released or
         substituted.

         11.      Rights of Required Lenders. All rights of the Administrative
Agent hereunder, if not exercised by the Administrative Agent, may be exercised
by the Required Lenders.

         12.      Application of Proceeds. Upon the occurrence and during the
continuance of an Event of Default, any payments in respect of the Pledgor
Obligations and any proceeds of any Pledged Collateral, when received by the
Administrative Agent or any of the Lenders in cash or its equivalent, will be
applied in reduction of the Pledgor Obligations in the order set forth in
Section 3.15(b) of the Credit Agreement, and each Pledgor irrevocably waives the
right to direct the application of such payments and proceeds and acknowledges
and agrees that the Administrative Agent shall have the continuing and exclusive
right to apply and reapply any and all such payments and proceeds in the
Administrative Agent's sole discretion, notwithstanding any entry to the
contrary upon any of its books and records.

                                       12
<PAGE>

         13.      Costs of Counsel. At all times hereafter, the Pledgors agree
to promptly pay upon demand any and all reasonable costs and expenses of (a) the
Administrative Agent or the Lenders, as required under Section 11.5 of the
Credit Agreement and (b) of the Administrative Agent as reasonably necessary to
protect the Pledged Collateral or to exercise any rights or remedies under this
Pledge Agreement or with respect to any Pledged Collateral. All of the foregoing
costs and expenses shall constitute Pledgor Obligations hereunder.

         14.      Continuing Agreement.

                  (a)      This Pledge Agreement shall be a continuing agreement
         in every respect and shall remain in full force and effect so long as
         any of the Pledgor Obligations remain outstanding or any Credit
         Document or Hedging Agreement between any Credit Party and any Lender
         in connection with the Loans is in effect or any Letter of Credit shall
         remain outstanding, and until all of the Commitments thereunder shall
         have terminated (other than any obligations with respect to the
         indemnities and the representations and warranties set forth in the
         Credit Documents). Upon such payment and termination, this Pledge
         Agreement shall be automatically terminated and the Administrative
         Agent and the Lenders shall, upon the request and at the expense of the
         Pledgors, forthwith promptly release all of its liens and security
         interests hereunder and shall execute and deliver all UCC termination
         statements and/or other documents reasonably requested by the Pledgors
         evidencing such termination. Notwithstanding the foregoing all releases
         and indemnities provided hereunder shall survive termination of this
         Pledge Agreement.

                  (b)      This Pledge Agreement shall continue to be effective
         or be automatically reinstated, as the case may be, if at any time
         payment, in whole or in part, of any of the Pledgor Obligations is
         rescinded or must otherwise be restored or returned by the
         Administrative Agent or any Lender as a preference, fraudulent
         conveyance or otherwise under any bankruptcy, insolvency or similar
         law, all as though such payment had not been made; provided that in the
         event payment of all or any part of the Pledgor Obligations is
         rescinded or must be restored or returned, all reasonable costs and
         expenses (including without limitation any reasonable legal fees and
         disbursements) incurred by the Administrative Agent or any Lender in
         defending and enforcing such reinstatement shall be deemed to be
         included as a part of the Pledgor Obligations.

         15.      Amendments; Waivers; Modifications. This Pledge Agreement and
the provisions hereof may not be amended, waived, modified, changed, discharged
or terminated except as set forth in Section 11.6 of the Credit Agreement.

         16.      Successors in Interest. This Pledge Agreement shall create a
continuing security interest in the Collateral and shall be binding upon each
Pledgor, its successors and assigns and shall inure, together with the rights
and remedies of the Administrative Agent and the Lenders hereunder, to the
benefit of the Administrative Agent and the Lenders and their successors and
permitted assigns; provided, however, that none of the Pledgors may assign its
rights or delegate its duties hereunder without the prior written consent of
each Lender or the Required Lenders, as

                                       13
<PAGE>

required by the Credit Agreement. To the fullest extent permitted by law, each
Pledgor hereby releases the Administrative Agent and each Lender, and its
successors and assigns, from any liability for any act or omission relating to
this Pledge Agreement or the Collateral, except as set forth in Section 10
hereof and except for any liability arising from the gross negligence or willful
misconduct of the Administrative Agent, or such Lender, or its officers,
employees or agents.

         17.      Notices. All notices required or permitted to be given under
this Pledge Agreement shall be in conformance with Section 11.1 of the Credit
Agreement.

         18.      Counterparts. This Pledge Agreement may be executed in any
number of counterparts, each of which where so executed and delivered shall be
an original, but all of which shall constitute one and the same instrument. It
shall not be necessary in making proof of this Pledge Agreement to produce or
account for more than one such counterpart.

         19.      Headings. The headings of the sections and subsections hereof
are provided for convenience only and shall not in any way affect the meaning or
construction of any provision of this Pledge Agreement.

         20.      Governing Law; Submission to Jurisdiction; Venue.

                  (a)      THIS PLEDGE AGREEMENT AND THE RIGHTS AND OBLIGATIONS
         OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND
         INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA. Any
         legal action or proceeding with respect to this Security Agreement may
         be brought in the courts of the State of Georgia, or of the United
         States for the Northern District of Georgia, Atlanta Division, and, by
         execution and delivery of this Security Agreement, each Pledgor hereby
         irrevocably accepts for itself and in respect of its property,
         generally and unconditionally, the jurisdiction of such courts. Each
         Pledgor further irrevocably consents to the service of process out of
         any of the aforementioned courts in any such action or proceeding by
         the mailing of copies thereof by registered or certified mail, postage
         prepaid, to it at the address for notices pursuant to Section 11.1 of
         the Credit Agreement, such service to become effective 3 Business Days
         after such mailing. Nothing herein shall affect the right of the
         Administrative Agent to serve process in any other manner permitted by
         law or to commence legal proceedings or to otherwise proceed against
         any Pledgor in any other jurisdiction.

                  (b)      Each Pledgor hereby irrevocably waives any objection
         which it may now or hereafter have to the laying of venue of any of the
         aforesaid actions or proceedings arising out of or in connection with
         this Pledge Agreement brought in the courts referred to in subsection
         (a) hereof and hereby further irrevocably waives and agrees not to
         plead or claim in any such court that any such action or proceeding
         brought in any such court has been brought in an inconvenient forum.

         21.      Waiver of Jury Trial. TO THE EXTENT PERMITTED BY APPLICABLE
LAW, EACH OF THE PARTIES TO THIS PLEDGE AGREEMENT HEREBY IRREVOCABLY

                                       14
<PAGE>

WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS PLEDGE AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

         22.      Severability. If any provision of this Pledge Agreement is
determined to be illegal, invalid or unenforceable, such provision shall be
fully severable and the remaining provisions shall remain in full force and
effect and shall be construed without giving effect to the illegal, invalid or
unenforceable provisions.

         23.      Entirety. This Pledge Agreement, the other Credit Documents
and any Hedging Agreement between any Credit Party and any Lender in connection
with the Loans represent the entire agreement of the parties hereto and thereto,
and supersede all prior agreements and understandings, oral or written, if any,
including any commitment letters or correspondence relating to the Credit
Documents, any Hedging Agreement between any Credit Party and any Lender in
connection with the Loans or the transactions contemplated herein and therein.

         24.      Survival. All representations and warranties of the Pledgors
hereunder shall survive the execution and delivery of this Pledge Agreement, the
other Credit Documents and any Hedging Agreement between any Credit Party and
any Lender in connection with the Loans, the delivery of the Notes and the
making of the Loans and the issuance of the Letters of Credit under the Credit
Agreement.

         25.      Other Security. To the extent that any of the Pledgor
Obligations are now or hereafter secured by property other than the Pledged
Collateral (including, without limitation, real and other personal property
owned by a Pledgor), or by a guarantee, endorsement or property of any other
Person, then the Administrative Agent and the Lenders shall have the right to
proceed against such other property, guarantee or endorsement upon the
occurrence of any Event of Default, and the Administrative Agent and the Lenders
have the right, in their sole discretion, to determine which rights, security,
liens, security interests or remedies the Administrative Agent and the Lenders
shall at any time pursue, relinquish, subordinate, modify or take with respect
thereto, without in any way modifying or affecting any of them or any of the
Administrative Agent's and the Lenders' rights or the Pledgor Obligations under
this Pledge Agreement, under any other of the Credit Documents or under any
Hedging Agreement between any Credit Party and any Lender in connection with the
Loans.

         26.      Joint and Several Obligations of Pledgors.

         (a)      Each of the Pledgors is accepting joint and several liability
hereunder in consideration of the financial accommodation to be provided by the
Lenders under the Credit Agreement, for the mutual benefit, directly and
indirectly, of each of the Pledgors and in consideration of the undertakings of
each of the Pledgors to accept joint and several liability for the obligations
of each of them.

         (b)      Each of the Pledgors jointly and severally hereby irrevocably
and unconditionally accepts, not merely as a surety but also as a co-debtor,
joint and several liability with the other

                                       15
<PAGE>

Pledgors with respect to the payment and performance of all of the Pledgor
Obligations arising under this Pledge Agreement, the other Credit Documents and
any Hedging Agreement between any Credit Party and any Lender in connection with
the Loans, it being the intention of the parties hereto that all the Pledgor
Obligations shall be the joint and several obligations of each of the Pledgors
without preferences or distinction among them.

         (c)      Notwithstanding any provision to the contrary contained herein
or in any other of the Credit Documents, to the extent the obligations of a
Guarantor shall be adjudicated to be invalid or unenforceable for any reason
(including, without limitation, because of any applicable state or federal law
relating to fraudulent conveyances or transfers), then the obligations of a
Guarantor under the Credit Documents shall be limited to an aggregate amount
equal to the largest amount that would not render such obligation subject to
avoidance under applicable law (whether federal or state and including, without
limitation, Section 548 of the Bankruptcy Code).

                  [remainder of page intentionally left blank]

                                       16
<PAGE>

         Each of the parties hereto has caused a counterpart of this Pledge
Agreement to be duly executed and delivered as of the date first above written.

BORROWER:                    THE PROFIT RECOVERY GROUP USA, INC.,
                             a Georgia corporation

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance,
                                     Chief Financial Officer and Treasurer

GUARANTORS:                  THE PROFIT RECOVERY GROUP INTERNATIONAL, INC.,
                             a Georgia corporation

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance,
                                     Chief Financial Officer and Treasurer

                             PRGFS, INC.,
                             PRGLS, INC.,
                             PRGRS, INC.,
                             each a Delaware corporation

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance

                             PRG ACQUISITION, INC.,
                             a Georgia corporation

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance

<PAGE>

GUARANTORS:                  THE PROFIT RECOVERY GROUP U.K., INC.,
                             THE PROFIT RECOVERY GROUP ASIA, INC.,
                             THE PROFIT RECOVERY GROUP CANADA, INC.,
                             THE PROFIT RECOVERY GROUP NEW ZEALAND, INC.,
                             THE PROFIT RECOVERY GROUP NETHERLANDS, INC.,
                             THE PROFIT RECOVERY GROUP BELGIUM, INC.,
                             THE PROFIT RECOVERY GROUP MEXICO, INC.,
                             THE PROFIT RECOVERY GROUP FRANCE, INC.,
                             THE PROFIT RECOVERY GROUP AUSTRALIA, INC.,
                             THE PROFIT RECOVERY GROUP GERMANY, INC.,
                             PRG INTERNATIONAL, INC.,
                             THE PROFIT RECOVERY GROUP SWITZERLAND, INC.,
                             THE PROFIT RECOVERY GROUP SOUTH AFRICA, INC.,
                             THE PROFIT RECOVERY GROUP SPAIN, INC.,
                             THE PROFIT RECOVERY GROUP ITALY, INC.,
                             THE PROFIT RECOVERY GROUP GREECE, INC.,
                             THE PROFIT RECOVERY GROUP PORTUGAL, INC.,
                             PAYMENT TECHNOLOGIES, INC.,
                             THE PROFIT RECOVERY GROUP COSTA RICA, INC.,
                             each a Georgia corporation

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance,
                                     Chief Financial Officer and Treasurer

                             PRG HOLDING CO. (FRANCE) NO. 1 LLC,
                             PRG HOLDING CO. (FRANCE) NO. 2 LLC,
                             each a Delaware limited liability company

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance,
                                     Chief Financial Officer and Treasurer

                             PRG USA, INC.,
                             PRG, INC.,
                             each a Georgia corporation

                             By:     /s/ Donald E. Ellis, Jr.
                                -------------------------------------------
                             Name:   Donald E. Ellis, Jr.
                             Title:  Executive Vice President - Finance,
                                     Chief Financial Officer and Treasurer

<PAGE>

Accepted and Agreed to as of the date first above written:

BANK OF AMERICA, N.A.,
in its capacity as the Administrative Agent

By:    /s/ Nancy S. Goldman
   ------------------------------------
Name:  Nancy S. Goldman
     ----------------------------------
Title: Senior Vice President
     ----------------------------------

<PAGE>

                                  Schedule 2(a)

                                       to

                                Pledge Agreement

                          dated as of December 31, 2001

                        in favor of Bank of America, N.A.

                             as Administrative Agent

                                  PLEDGED STOCK

PLEDGOR: THE PROFIT RECOVERY GROUP INTERNATIONAL, INC.

<TABLE>
<CAPTION>
                                           Number of           Certificate            Percentage
Name of Subsidiary                          Shares               Number                Ownership
------------------                          ------               ------                ---------
<S>                                        <C>                 <C>                    <C>

Payment Technologies, Inc.                    100                   1                     100

The Profit Recovery Group                     500                  11                     100
Asia, Inc.

The Profit Recovery Group                     100                   1                     100
Australia, Inc.

The Profit Recovery Group                     100                   2                     100
Belgium, Inc.

The Profit Recovery Group                     500                  11                     100
Canada, Inc.

The Profit Recovery Group                     100                   2                     100
Costa Rica, Inc.

The Profit Recovery Group                     500                  11                     100
France, Inc.

The Profit Recovery Group                     100                   1                     100
Germany, Inc.

The Profit Recovery Group                     100                   2                     100
Greece, Inc.

The Profit Recovery Group                     100                   1                     100
Italy, Inc.

The Profit Recovery Group                   1,000                  16                     100
Mexico, Inc.

The Profit Recovery Group                     100                   1                     100
Netherlands, Inc.

The Profit Recovery Group                     100                   1                     100
New Zealand, Inc.

The Profit Recovery Group                     100                   2                     100
Porhigal, Inc.
</TABLE>

<PAGE>

Pledgor: THE PROFIT RECOVERY GROUP INTERNATIONAL, INC. (continued)

<TABLE>
<CAPTION>
                                         Number of          Certificate             Percentage
Name of Subsidiary                        Shares               Number                Ownership
------------------                        ------               ------                ---------
<S>                                     <C>                 <C>                     <C>

The Proft Recovery Group                      100                  1                    100
South Africa, Inc.

The Profit Recovery Group                     100                  2                    100
Spain, Inc.

The Profit Recovery Group                     100                  1                    100
Switzerland, Inc.

The Profit Recovery Group                     500                 15                    100
UK, Inc.

The Proft Recovery Group                5,740,000                B40                    100
USA, Inc.

PRG International, Inc.                       100                  1                    100

PRG USA, Inc.                                 100                  1                    100

PRG, Inc.                                     100                  1                    100
</TABLE>

<PAGE>

PLEDGOR: THE PROFIT RECOVERY GROUP USA, INC.

<TABLE>
<CAPTION>
                                           Number of           Certificate            Percentage
Name of Subsidiary                          Shares               Number                Ownership
------------------                          ------               ------                ---------
<S>                                        <C>                 <C>                    <C>
PRGRS, Inc.                                  1,000                  1                     100
</TABLE>

PLEDGOR: PRGRS, INC.

<TABLE>
<CAPTION>
                                           Number of           Certificate            Percentage
Name of Subsidiary                          Shares               Number                Ownership
------------------                          ------               ------                ---------
<S>                                        <C>                 <C>                    <C>
PRGLS, Inc.                                  1,000                  1                     100
</TABLE>

PLEDGOR: PRG INTERNATIONAL, INC.

<TABLE>
<CAPTION>
                                           Number of           Certificate            Percentage
Name of Subsidiary                          Shares               Number                Ownership
------------------                          ------               ------                ---------
<S>                                        <C>                 <C>                    <C>

PRGFS, Inc.                                  1,000                  1                     100
</TABLE>

<PAGE>

                                  Exhibit 4(a)

                                       to

                                Pledge Agreement

                          dated as of December 31, 2001

                        in favor of Bank of America, N.A.

                             as Administrative Agent

                             Irrevocable Stock Power

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
to

the following shares of capital stock of            , a             corporation:
                                         -----------    -----------

               No. of Shares                      Certificate No.
               -------------                      ---------------

and irrevocably appoints __________________________________ its agent and
attorney-in-fact to transfer all or any part of such capital stock and to take
all necessary and appropriate action to effect any such transfer. The agent and
attorney-in-fact may substitute and appoint one or more persons to act for him.

                                           ---------------,
                                           a                corporation
                                             --------------

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

                                           Title:
                                              --------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]