Document:

2900 Semiconductor Drive
Santa Clara, CA 95052-8090
408 721 5000 Tel

                                                                August __, 2002

Mr. Duane Oto
563 Dawn Drive
Sunnyvale, California 94087

Dear Mr. Oto:

     This addendum to your Employment Agreement ("Addendum") supplements certain
provisions of the Option and  Agreement  and Plan of Merger  entered into by and
among National Semiconductor Corporation  ("National"),  Nintai Acquisition Sub,
Inc. DigitalQuake,  Inc.  ("DigitalQuake"),  Paul A. Lessard and Michael G. Fung
dated as of February 8, 2002, as amended as of the date hereof,  and as same may
be  subsequently  amended from time to time (the "Merger  Agreement")  solely as
such provisions relate to National and each Principal Employee as an employee of
National.  Capitalized  terms used in this letter have the meanings  assigned to
them in the Merger Agreement.

     1.   Section 3.5 of the Merger Agreement provides that you will receive the
          second installment payment and the third installment payment due under
          the Merger  Agreement  with respect to your  DigitalQuake  Options and
          DigitalQuake  Common  Stock in cash.  This  Addendum  supplements  the
          Merger Agreement to give you the option to receive all or a portion of
          the  second  and third  installment  payments  in cash or in shares of
          National  Common  Stock  as set  forth  below.  As  used  herein,  the
          "National  Common  Stock" means the common  stock,  par value $.50 per
          share, of National.

          (a)  You may elect to receive all or a part of the second  installment
               payment in cash or shares of National  Common Stock by delivering
               notice of such election to National in the form  attached  hereto
               as Exhibit A and in the  manner set forth for  notices in Section
               14.3 of the Merger  Agreement  (an  "Election  Notice")  at least
               fifteen  (15) but no more than  thirty  (30) days prior to August
               24,  2003,  provided  you  have  been  continuously  employed  by
               National in its Displays  Group from the  Effective  Time through
               August 24,  2003.  Such notice  shall  specify the portion of the
               second  installment to be paid in cash and the portion to be paid
               in shares of NSC Common  Stock.  The number of shares of National
               Common Stock shall be  determined  in  accordance  with Section 3
               below; and
<PAGE>

          (b)  You may elect to receive  all or a part of the third  installment
               payment in cash or shares of National  Common Stock by delivering
               notice of such  election to National an Election  Notice at least
               fifteen  (15) but no more than  thirty  (30) days prior to August
               29,  2004,  provided  you  have  been  continuously  employed  by
               National in its Displays  Group  through  August 29,  2004.  Such
               notice shall specify the portion of the third  installment  to be
               paid in cash and the  portion  to be paid in shares of NSC Common
               Stock.  The number of shares of  National  Common  Stock shall be
               determined in accordance with Section 3 below.

     2.   The form of the Election Notice is attached hereto as Exhibit A If you
          do not provide an Election  Notice under Section 1(a) or Section 1(b),
          you  will  be  deemed  to  have  elected  to  receive  the  applicable
          installment payment entirely in cash.

     3.   The number of shares of National Common Stock to be issued to you upon
          your  election  to  receive  all or a portion  of the  second or third
          installment payment in shares of National Common Stock shall equal the
          quotient  of (x)  the  dollar  amount  of the  applicable  installment
          payment  payable to you which you have  elected to receive in National
          Common  Stock on the  Election  Notice form divided by (y) the opening
          price of the  National  Common Stock as reported on the New York Stock
          Exchange  Composite  Tape on the Closing Date (or if there shall be no
          trading on such date, then on the first subsequent date on which there
          is  trading).  In the event  National  changes the number of shares of
          National  Common Stock issued and  outstanding  as a result of a stock
          split, stock dividend or similar recapitalization with respect to such
          stock and the record date  therefor (in the case of a stock  dividend)
          or the effective date thereof (in the case of a stock split or similar
          recapitalization  for which a record date is not established) shall be
          prior to August  29,  2004,  the number of shares of  National  Common
          Stock issuable pursuant to Section 1(a) or Section 1(b) above shall be
          proportionately adjusted. National shall file a registration statement
          with the U.S.  Securities and Exchange Commission on Form S-8 or other
          appropriate  form with respect to the shares of National  Common Stock
          issuable pursuant to this letter prior to August 24, 2003.

     4.   Your  right to  receive  the  second  installment  payment  and  third
          installment  payment in whole or in part in shares of National  Common
          Stock is contingent upon your being continuously  employed by National
          in its Display Group from the Effective  Time through  August 24, 2003
          and  through   August  29,  2004,   respectively.   Accordingly,   you
          acknowledge   that  your  right  to  receive   the  second  and  third
          installment  payment in whole or in part in shares of National  Common
          Stock,  with the number of shares to be  determined  by reference to a
          fixed  and  determined  price,  is a  benefit  to which  you would not
          otherwise  be  entitled  if you had not become an employee of National
          upon  the  completion  of  the  merger   contemplated  by  the  Merger
          Agreement.
<PAGE>

     5.   All of the  shares of  National  Common  Stock  issuable  pursuant  to
          Section 1(a) or Section 1(b) above will be validly issued,  fully paid
          and nonassessable and free of and not subject to any preemptive rights
          or rights of first refusal created by statute or by National's  Second
          Restated  Certificate  of  Incorporation,  as amended,  or Amended and
          Restated Bylaws upon their issuance pursuant to this Addendum.

     6.   You  understand  that you may suffer adverse tax  consequences  in the
          event  you  elect  to  receive  all or part  of the  second  or  third
          installment payments in shares of National Common Stock. You represent
          that you have consulted with any tax consultants you deem advisable in
          connection with your option to exercise such election and that you are
          not relying on National for any tax advice.

<PAGE>

Please sign below to confirm your agreement with the items set forth above.

                                            Very truly yours,

                                            NATIONAL SEMICONDUCTOR CORPORATION

                                            By:  //S// D A HANDORF

ACCEPTED AND AGREED TO AS OF
8/26/02:
--------

//S// DUANE OTO
---------------
Duane Oto

<PAGE>

                                    Exhibit A

       NOTICE OF ELECTION TO RECEIVE INSTALLMENT PAYMENT IN CASH OR STOCK

To:     National Semiconductor Corporation

From:   Duane Oto

Re:     Election to Receive Installment Payment in Cash or Stock

     Pursuant to the Option and Agreement and Plan of Merger entered into by and
among National Semiconductor Corporation  ("National"),  Nintai Acquisition Sub,
Inc. and  DigitalQuake,  Inc.  ("DigitalQuake"),  Paul A. Lessard and Michael G.
Fung dated as of February 8, 2002 as amended  (the "Merger  Agreement")  and the
Addendum to the Employment Agreement dated August ___, 2002 between National and
the  undersigned,  notice is hereby given that the undersigned  hereby elects to
receive the installment  payment set forth below  contemplated by Section 3.5 of
the Merger Agreement in the form set forth below:.

Check as applicable:

         _____  Second Installment Payment

         _____  Third Installment Payment

Form of Payment

         _____  All in cash, payable by check or wire transfer

         _____  All in shares of National Common Stock

         _____  A combination of cash and National Common Stock,  with $________
                to be paid in cash and  $_________  to be paid in shares  of
                National Common Stock

Dated: ______________

                                          ________________________________
                                          Duane OtoAmendment No. 2 to Syndicated 364-day Facility

Execution Copy

 

AMENDMENT NO. 2 TO FIVE-YEAR CREDIT AGREEMENT

       
THIS AMENDMENT NO. 2 TO FIVE-YEAR CREDIT AGREEMENT  (this"Amendment"),
dated as of August 9, 2002, is entered into by and among AUTOZONE, INC.,
a Nevada corporation (the "Borrower"), the Lenders identified on
the signature pages hereto and BANK OF AMERICA, N.A., as Administrative
Agent for the Lenders (in such capacity, the "Administrative Agent"). 
Terms used but not otherwise defined herein shall have the meanings provided
in the Amended Credit Agreement referred to below.

W I T N E S S E T H:

       
WHEREAS, pursuant to a Five-Year Credit Agreement dated as of May 23,
2000 (as amended by that certain Amendment No. 1 to Five-Year Credit Agreement
dated as of May 22, 2001 and as further modified or amended from time to
time, the "Credit Agreement") among the Borrower, the Lenders party
thereto and the Administrative Agent, the Lenders have extended commitments
to make a revolving credit facility available to the Borrower; and

       
WHEREAS, the Borrower, the Required Lenders and the Administrative
Agent have agreed to amend the Credit Agreement as set forth herein;

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

PART I

DEFINITIONS

       
SUBPART 1.    1.    Certain Definitions. 
Unless otherwise defined herein or the context otherwise requires, the
following terms used in this Amendment, including its preamble and recitals,
have the following meanings:

 

              
"Amended Credit Agreement" means the Credit Agreement as amended
hereby.

 

             
"Amendment No. 2 Effective Date" as defined in Subpart 3.1.

PART II

AMENDMENTS TO CREDIT AGREEMENT

       
Effective on (and subject to the occurrence of) the Amendment No. 2 Effective
Date, the Credit Agreement shall be amended in accordance with this Part
II.  Except as so amended, the Credit Agreement shall continue
in full force and effect.

       
SUBPART 2.1.  Amendment to Section 1.1.  Section 1.1 of
the Credit Agreement is hereby amended by inserting the following new definitions
in alphabetical order:

       
(a)  "Amendment No. 2 Effective Date" means August 9, 2002.

       
(b)  "Cash Collateralize" means the pledge and deposit with
or delivery to the Administrative Agent, for the benefit of the respective
L/C Issuers and the Lenders, as collateral for the L/C Obligations, cash
or deposit account balances pursuant to documentation in form and substance
satisfactory to the Administrative Agent and the respective L/C Issuers
(which documents are hereby consented to by the Lenders).  The terms
"Cash Collateralized", "Cash Collateral", "Cash Collateralization" and
"Cash Collateralizes" shall have corresponding meanings.  The Borrower
hereby grants the Administrative Agent, for the benefit of the respective
L/C Issuer and the Lenders, a Lien on all such cash and deposit account
balances.  Cash collateral shall be maintained in blocked, non-interest
bearing deposit accounts of the Administrative Agent.  Notwithstanding
the foregoing if, upon the termination of the Commitments and an acceleration
of the Borrower's obligations pursuant to Section 8.2, a Letter of Credit
may for any reason remain outstanding and partially or wholly undrawn,
the cash collateral required pursuant to Section 2.4(g) may instead, at
the option of the Administrative Agent, be held in a blocked, non-interest
bearing deposit account of the respective L/C Issuer.

 

        (c)  "Existing Letters
of Credit" means the letters of credit outstanding on the Amendment
No. 2 Effective Date and identified on Schedule 2.4.

       
(d)  "L/C Advance" means, with respect to each Lender, such
Lender's participation in any L/C Borrowing in accordance with its Commitment
Percentage.

 

        (e)  "L/C Borrowing"
means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced
as a Revolving Loan.

       
(f)  "L/C Credit Extension" means, with respect to any Letter
of Credit, the issuance thereof or extension of the expiry date thereof,
or the renewal or increase of the amount thereof.

       
(g)  "L/C Documents" means, with respect to any Letter of Credit,
such Letter of Credit, any amendments thereto, any documents delivered
in connection therewith, any application therefor, and any agreements,
instruments, guarantees or other documents (whether general in application
or applicable only to such Letter of Credit) governing or providing for
(i) the rights and obligations of the parties concerned or at risk or (ii)
any collateral security for such obligations.

       
(h)  "L/C Issuer" means (i) SunTrust Bank, Bank of America,
or, with the consent of the Borrower and the Administrative Agent, any
other Lender that has agreed to act as the successor primary issuer of
Letters of Credit, (ii) with respect to any outstanding Letter of Credit,
the Lender that issued (in its capacity as an L/C Issuer hereunder) such
Letter of Credit and (iii) with respect to any Letter of Credit requested
hereunder, the L/C Issuer that has agreed to issue such Letter of Credit
hereunder.

       
(i)  "L/C Issuer Fees" shall have the meaning assigned to such
term in Section 3.5(d)(ii).

 

        (j)  "L/C Obligations"
means, at any time, the sum of (i) the maximum amount which is, or at any
time thereafter may become, available to be drawn under Letters of Credit
then outstanding, assuming compliance with all requirements for drawings
referred to in such Letters of Credit
plus (ii) the aggregate amount
of all drawings under Letters of Credit and honored by any L/C Issuer but
not theretofore reimbursed, including all L/C Borrowings.

       
(k)  "Letter of Credit" means any letter of credit issued hereunder
and shall include the Existing Letters of Credit.  A Letter of Credit
may be a commercial letter of credit or a standby letter of credit.

       
(l)  "Letter of Credit Application" means an application and
agreement for the issuance or amendment of a letter of credit in the form
from time to time in use by an L/C Issuer.

       
(m)  "Letter of Credit Expiration Date" means the day that
is thirty days prior to the Termination Date (or, if such day is not a
Business Day, the next preceding Business Day).

       
(n)  "Letter of Credit Fee" shall have the meaning assigned
to such term in Section 3.5(d)(i).

       
(o)  "Letter of Credit Sublimit" means an amount equal to the
lesser of the Revolving Committed Amount and $75,000,000.  The Letter
of Credit Sublimit is part of, and not in addition to, the Revolving Committed
Amount.

       
(p)  "SunTrust" means SunTrust Bank and its successors.

       
SUBPART 2.2.  Further Amendments to Section 1.1.  Section
1.1 of the Credit Agreement is hereby further amended by replacing in their
entirety the definitions set forth below with the following:

       
(a)"Applicable Percentage" means, for purposes of calculating the
applicable interest rate for any day for any Revolving Loan, the applicable
rate of the Facility Fee for any day for purposes of Section 3.5(a), the
applicable rate of the Utilization Fee for any day for the purposes of
Section 3.5(c), or the applicable rate of the Letter of Credit Fee for
any day for the purposes of 3.5(d)(i), the appropriate applicable percentage
set forth on Schedule 1.1.  The Applicable Percentages shall
be determined and adjusted on the following dates (each a "Calculation
Date"):

       
(i)  where the Borrower has a senior unsecured (non-credit enhanced)
long term debt rating from S&P and/or Moody's, five (5) Business Days
after receipt of notice by the Administrative Agent of a change in any
such debt rating, based on such debt rating(s); and

 

        (ii)  where the Borrower
previously had a senior unsecured (non-credit enhanced) long term debt
rating from S&P and/or Moody's, but either or both of S&P and Moody's
withdraws its rating such that the Borrower's senior unsecured (non-credit
enhanced) long term debt no longer is rated by either S&P or Moody's,
five (5) Business Days after receipt by the Administrative Agent of notice
of the withdrawal of the last to exist of such previous debt ratings, based
on Pricing Level V until the earlier of (A) such time as S&P and/or
Moody's provides another rating for such debt of the Borrower or (B) the
Required Lenders have agreed to an alternative pricing grid or other method
for determining Pricing Levels pursuant to an effective amendment to this
Credit Agreement.

               
The Applicable Percentage shall be effective from a Calculation Date until
the next such Calculation Date.  The Administrative Agent shall determine
the appropriate Applicable Percentages promptly upon receipt of the notices
and information necessary to make such determination and shall promptly
notify the Borrower and the Lenders of any change thereof.  Such determinations
by the Administrative Agent shall be conclusive absent manifest error.

 

        (b)  "Commitment"
means (i) with respect to each Lender, the Revolving Commitment of such
Lender, (ii) with respect to the Swingline Lender, the Swingline Commitment,
and (iii) with respect to any L/C Issuer, the commitment to issue, extend
and/or amend Letters of Credit under the Letter of Credit Sublimit."

       
(c)  "Credit Documents" means a collective reference to this
Credit Agreement, the Notes, the L/C Documents (except that L/C Documents
shall not constitute Credit Documents for purposes of Section 10.6), the
Administrative Agent's Fee Letter and all other related agreements and
documents issued or delivered hereunder or thereunder or pursuant hereto
or thereto.

       
(d)  "Loan" or "Loans"  means the Revolving Loans,
the Competitive Loans, the Swingline Loans (or any Swingline Loan bearing
interest at the Base Rate or the Quoted Rate and referred to as a Base
Rate Loan or a Quoted Rate Swingline Loan) and, to the extent applicable,
the L/C Borrowings, individually or collectively, as appropriate.

       
(e)  "Revolving Commitment" means, with respect to each Lender,
the commitment of such Lender in an aggregate principal amount at any time
outstanding not to exceed the amount set forth opposite such Lender's name
on Schedule 2.1(a) (as such amount may be reduced or increased from
time to time in accordance with the provisions of this Credit Agreement),
(i) to make Revolving Loans in accordance with the provisions of Section
2.1(a), (ii) to purchase participation interests in Letters of Credit in
accordance with the provisions of Section 2.4(c), and (iii) to purchase
participation interests in the Swingline Loans in accordance with the provisions
of Section 2.3(b)(iii).

       
SUBPART 2.3.  Amendment to Section 2.1(a)(ii).  Section
2.1(a)(ii) of the Credit Agreement is hereby amended in its entirety by
the following:

"(ii)
with regard to the Lenders collectively, the sum of the aggregate principal
amount of outstanding Revolving Loans plus the aggregate principal
amount of outstanding Competitive Loans plus the aggregate principal
amount of outstanding Swingline Loans plus the L/C Obligations outstanding
shall not at any time exceed the Revolving Committed Amount."

       
SUBPART 2.4.  Amendment to Section 2.2(a)(ii). Section 2.2(a)(ii)
of the Credit Agreement is hereby amended in its entirety by the following:

"(ii)
the sum of the aggregate principal amount of outstanding Revolving Loans
plus
the aggregate principal amount of outstanding Competitive Loans
plus
the aggregate principal amount of outstanding Swingline Loans
plus
the L/C Obligations outstanding shall not at any time exceed the Revolving
Committed Amount."

       
SUBPART 2.5  Amendment to Section 2.2(i). Section 2.2(i) of
the Credit Agreement is hereby amended in its entirety by the following:

"Limitation
on Number of Competitive Loans.  The Borrower shall not request
a Competitive Loan if, assuming the maximum amount of Competitive Loans
so requested is borrowed as of the date of such request, the sum of the
aggregate principal amount of outstanding Revolving Loans plus the
aggregate principal amount of outstanding Competitive Loans plus
the aggregate principal amount of outstanding Swingline Loans plus
the L/C Obligations outstanding would exceed the aggregate Revolving Committed
Amount."

       
SUBPART 2.6  Amendment to Section 2.3(a)(ii).  Section
2.3(a)(ii) of the Credit Agreement is hereby amended in its entirety by
the following:

"(ii)
the sum of the aggregate principal amount of outstanding Revolving Loans
plus
the aggregate principal amount of outstanding Competitive Loans
plus
the aggregate principal amount of outstanding Swingline Loans
plus
the L/C Obligations outstanding shall not at any time exceed the Revolving
Committed Amount."

       
SUBPART 2.7  Amendment to Section 2.  Section 2 of the
Credit Agreement is hereby amended by inserting the following as a new
Section 2.4 in appropriate numerical order:

        2.4  Letters
of Credit.

       
(a)        The Letter of Credit Commitment.

       
(i)  Subject to the terms and conditions set forth herein, (A) each
L/C Issuer agrees, in reliance upon the agreements of the other Lenders
set forth in this Section 2.4, (1) from time to time on any Business Day
during the period from the Closing Date until the Letter of Credit Expiration
Date, to issue a requested Letter of Credit for the account of the Borrower,
and to amend or renew a Letter of Credit previously issued by such L/C
Issuer, in accordance with subsection (b) below, and (2) to honor drafts
under any Letter of Credit such L/C Issuer has issued; and (B) the Lenders
severally agree to participate in Letters of Credit issued for the account
of the Borrower; provided that no L/C Issuer shall be obligated
to make any L/C Credit Extension with respect to any Letter of Credit,
and no Lender shall be obligated to participate in any Letter of Credit,
to the extent that, as of the date of such L/C Credit Extension, (x) the
sum of the aggregate principal amount of outstanding Revolving Loans plus
the aggregate principal amount of outstanding Swingline Loans plus
the aggregate principal amount of the Competitive Loans plus L/C
Obligations outstanding shall exceed the Revolving Committed Amount or
(y) the L/C Obligations would exceed the Letter of Credit Sublimit. 
Within the foregoing limits, and subject to the terms and conditions hereof,
the Borrower's ability to obtain Letters of Credit shall be fully revolving,
and accordingly the Borrower may, during the foregoing period, obtain Letters
of Credit to replace Letters of Credit that have expired or that have been
drawn upon and reimbursed.  All Existing Letters of Credit shall be
deemed to have been issued pursuant hereto, and from and after the Amendment
No. 2 Effective Date shall be subject to and governed by the terms and
conditions hereof.

 

        (ii)  No L/C Issuer
shall be under any obligation to issue any Letter of Credit if:

       
(A)  any order, judgment or decree of any Governmental Authority or
arbitrator shall by its terms purport to enjoin or restrain such L/C Issuer
from issuing such Letter of Credit, or any law applicable to such L/C Issuer
or any request or directive (whether or not having the force of law) from
any Governmental Authority with jurisdiction over such L/C Issuer shall
prohibit, or request that such L/C Issuer refrain from, the issuance of
letters of credit generally or such Letter of Credit in particular or shall
impose upon such L/C Issuer with respect to such Letter of Credit any restriction,
reserve or capital requirement (for which such L/C Issuer is not otherwise
compensated hereunder) not in effect on the Amendment No. 2 Effective Date,
or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense
which was not applicable on the Amendment No. 2 Effective Date and which
such L/C Issuer in good faith deems material to it;

 

        (B)  the expiry date
of such requested Letter of Credit would occur more than eighteen months
after the date of issuance or last renewal, unless the Required Lenders
have approved such expiry date;

 

       (C)  the expiry date of such
requested Letter of Credit would occur after the Letter of Credit Expiration
Date, unless all the Lenders have approved such expiry date (pursuant to
additional documentation in form and substance satisfactory to the Administrative
Agent and the applicable L/C Issuer); or

 

       (D)  such Letter of Credit
is in a face amount less than $100,000, in the case of a commercial Letter
of Credit, or $100,000, in the case of a standby Letter of Credit, or is
to be denominated in a currency other than Dollars.

       
(iii)  No L/C Issuer shall be under any obligation to amend any Letter
of Credit if (A) such L/C Issuer would have no obligation at such time
to issue such Letter of Credit in its amended form under the terms hereof,
or (B) the beneficiary of such Letter of Credit does not accept the proposed
amendment to such Letter of Credit.

       
(b)  Procedures for Issuance and Amendment of Letters of Credit;
Auto-Renewal Letters of Credit.

       
(i)  Each Letter of Credit shall be issued or amended, as the case
may be, upon the request of the Borrower delivered to an L/C Issuer (with
a copy to the Administrative Agent) in the form of a Letter of Credit Application,
appropriately completed and signed by a Financial Officer of the Borrower. 
Such L/C Application must be received by such L/C Issuer and the Administrative
Agent not later than 11:00 A.M. (Charlotte, North Carolina time) at least
three Business Days prior to the proposed issuance date or date of amendment,
as the case may be.  In the case of a request for an initial issuance
of a Letter of Credit, such Letter of Credit Application shall specify
in form and detail satisfactory to such L/C Issuer: (A) the proposed issuance
date of the requested Letter of Credit (which shall be a Business Day);
(B) the amount thereof; (C) the expiry date thereof; (D) the name and address
of the beneficiary thereof; (E) the documents to be presented by such beneficiary
in case of any drawing thereunder; (F) the full text of any certificate
to be presented by such beneficiary in case of any drawing thereunder;
and (G) such other matters as such L/C Issuer may require.  In the
case of a request for an amendment of any outstanding Letter of Credit,
such Letter of Credit Application shall specify in form and detail satisfactory
to the applicable L/C Issuer (A) the Letter of Credit to be amended; (B)
the proposed date of amendment thereof (which shall be a Business Day);
(C) the nature of the proposed amendment; and (D) such other matters as
such L/C Issuer may require.

       
(ii)  Promptly after receipt of any Letter of Credit Application,
the L/C Issuer receiving such Letter of Credit Application will confirm
with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit Application from the
Borrower and, if not, such L/C Issuer will provide the Administrative Agent
with a copy thereof.  Upon receipt by such L/C Issuer of confirmation
from the Administrative Agent that the requested issuance or amendment
is permitted in accordance with the terms hereof (such confirmation shall
be provided to such L/C Issuer no later than the next Business Day following
the Administrative Agent's receipt of a copy of such Letter of Credit Application),
then, subject to the terms and conditions hereof, such L/C Issuer shall,
on the requested date, issue a Letter of Credit for the account of the
Borrower or enter into the applicable amendment, as the case may be, in
each case in accordance with such L/C Issuer's usual and customary business
practices.  Immediately upon the issuance of each Letter of Credit,
each Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the issuing L/C Issuer a risk participation in
such Letter of Credit in an amount equal to the product of such Lender's
Commitment Percentage
times the amount of such Letter of Credit.

 

        (iii)  If the Borrower
so requests in any applicable Letter of Credit Application, any L/C Issuer
may, in its sole and absolute discretion, agree to issue a Letter of Credit
that has automatic renewal provisions (each, an "Auto-Renewal Letter
of Credit");
provided that any such Auto-Renewal Letter of Credit
must permit such L/C Issuer to prevent any such renewal at least once in
each twelve-month period (commencing with the date of issuance of such
Letter of Credit) by giving prior notice to the beneficiary thereof not
later than a day (the "Nonrenewal Notice Date") in each such twelve-month
period to be agreed upon at the time such Letter of Credit is issued. 
Unless otherwise directed by such L/C Issuer, the Borrower shall not be
required to make a specific request to such L/C Issuer for any such renewal. 
Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall
be deemed to have authorized (but may not require) such L/C Issuer to permit
the renewal of such Letter of Credit at any time to an expiry date not
later than the Letter of Credit Expiration Date;
provided, however,
that such L/C Issuer shall not permit any such renewal if (A) such L/C
Issuer would have no obligation at such time to issue such Letter of Credit
in its renewed form under the terms hereof, or (B) it has received notice
(which may be by telephone or in writing) on or before the day that is
two Business Days before the Nonrenewal Notice Date (1) from the Administrative
Agent that the Required Lenders have elected not to permit such renewal
or (2) from the Administrative Agent, any Lender or the Borrower that one
or more of the applicable conditions specified in Section 4.2 is not then
satisfied.  No L/C Issuer shall be under any obligation to permit
the renewal of an Auto-Renewal Letter of Credit if such L/C Issuer would
have no obligation at such time to issue such Letter of Credit under the
terms of this Section 2.4.

 

       (iv)  Promptly after its
delivery of any Letter of Credit or any amendment to a Letter of Credit
to an advising bank with respect thereto or to the beneficiary thereof,
each L/C Issuer will also deliver to the Borrower and the Administrative
Agent a true and complete copy of such Letter of Credit or amendment. 
On the Business Day that is three Business Days prior to the last Business
Day of each March, June, September and December, each L/C Issuer will deliver
to the Administrative Agent a report of all outstanding Letters of Credit
issued, delivered, extended and/or amended by such L/C Issuer for the current
calendar quarter (or portion thereof), with an estimate of any activity
that is expected to occur during the remainder of such calendar quarter. 
The Administrative Agent shall maintain at one of its offices in Charlotte,
North Carolina a register for the recordation of the identity of the principal
amount, type and undrawn amount of each Letter of Credit outstanding hereunder,
the names and addresses of each beneficiary thereunder and the L/C Advances
of the Lenders pursuant to the terms hereof from time to time (the "L/C
Register").

       
(c)  Drawings and Reimbursements; Funding of Participations.

       
(i)  Upon receipt from the beneficiary of any Letter of Credit of
any notice of a drawing under such Letter of Credit, the applicable L/C
Issuer shall notify the Borrower and the Administrative Agent thereof. 
Not later than 11:00 A.M. (Charlotte, North Carolina time) on the date
of any payment by such L/C Issuer under a Letter of Credit (each such date,
an "Honor Date"), the Borrower shall reimburse such L/C Issuer through
the Administrative Agent in an amount equal to the amount of such drawing
(it being understood that such reimbursement may be accomplished pursuant
to the application of funds held in a cash collateral account in accordance
with the documentation governing such account).  If the Borrower fails
to so reimburse such L/C Issuer through the Administrative Agent by such
time, such L/C Issuer shall, prior to 11:30 A.M. (Charlotte, North Carolina
time) on such date, so notify the Administrative Agent and the Administrative
Agent shall promptly notify each Lender of the Honor Date, the amount of
the unreimbursed drawing (the "Unreimbursed Amount"), and such Lender's
Commitment Percentage thereof.  In such event, the Borrower shall
be deemed to have requested a Base Rate Loan to be disbursed on the Honor
Date in an amount equal to the Unreimbursed Amount, without regard to the
minimum and multiples specified in Section 2.1(b)(ii) for the principal
amount of Base Rate Loans, but subject to the amount of the unutilized
portion of the Revolving Committed Amount and the conditions set forth
in Section 4.2 (other than the delivery of a Notice of Borrowing). 
Any notice given by any L/C Issuer or the Administrative Agent pursuant
to this Section 2.4(c)(i) may be given by telephone if immediately confirmed
in writing; provided that the lack of such an immediate confirmation
shall not affect the conclusiveness or binding effect of such notice.

 

        (ii)  Each Lender (including
the Lender acting as L/C Issuer) shall upon any notice pursuant to Section
2.4(c)(i) make funds available to the Administrative Agent for the account
of the issuing L/C Issuer in an amount equal to its Commitment Percentage
of the Unreimbursed Amount not later than 1:00 p.m. (Charlotte, North Carolina
time) on the Business Day specified in such notice by the Administrative
Agent, whereupon, subject to the provisions of Section 2.4(c)(iii),
each Lender that so makes funds available shall be deemed to have made
a Base Rate Loan to the Borrower in such amount.  The Administrative
Agent shall remit the funds so received to such L/C Issuer.

 

       (iii)  With respect to any
Unreimbursed Amount that is not fully refinanced by a Base Rate Loan because
the conditions set forth in Section 4.2 cannot be satisfied or for any
other reason, the Borrower shall be deemed to have incurred from the applicable
L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that
is not so refinanced, which L/C Borrowing shall be due and payable on demand
(together with interest) and shall bear interest at the default rate as
set forth in Section 3.1.  In such event, the applicable L/C Issuer
shall promptly notify the Administrative Agent, who in turn will promptly
notify each Lender, and each Lender (including the Lender acting as L/C
Issuer) that has not made funds available to such L/C Issuer pursuant to
Section 2.4(c)(ii) shall, promptly upon any such notice, make funds available
to the Administrative Agent for the account of such L/C Issuer in an amount
equal to its Commitment Percentage of such L/C Borrowing, whereupon each
Lender that so makes funds available shall be deemed to have made payment
in respect of its participation in such L/C Borrowing and such payment
shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.4.  Likewise, to the
extent a Lender has already made funds available pursuant to Section 2.4(c)(ii)
in respect of any Unreimbursed Amount and such Unreimbursed Amount may
not be refinanced by a Base Rate Loan because the conditions set forth
in Section 4.2 cannot be satisfied or for any other reason, the funds made
available by such Lender pursuant to Section 2.4(c)(ii) in respect of such
Unreimbursed Amount shall be deemed payment in respect of its participation
in the related L/C Borrowing and such payment shall constitute an L/C Advance
from such Lender in satisfaction of its participation obligation under
this Section 2.4.  The Administrative Agent shall remit the funds
so received to the applicable L/C Issuer.

 

       (iv)  Until each Lender funds
its Loan or L/C Advance pursuant to this Section 2.4(c) to reimburse the
issuing L/C Issuer for any amount drawn under any Letter of Credit, interest
in respect of such Lender's Commitment Percentage of such amount shall
be solely for the account of such L/C Issuer.

 

        (v)  Each Lender's
obligation to make Base Rate Loans or L/C Advances to reimburse an L/C
Issuer for amounts drawn under Letters of Credit, as contemplated by this
Section 2.4(c), shall be absolute and unconditional and shall not be affected
by any circumstance, including, without limitation, (A) any set-off, counterclaim,
recoupment, defense or other right which such Lender may have against any
L/C Issuer, the Borrower or any other Person for any reason whatsoever;
(B) the occurrence or continuance of a Default or Event of Default, or
(C) any other occurrence, event or condition, whether or not similar to
any of the foregoing; provided,
however, that each Lender's
obligation to make Base Rate Loans pursuant to this Section 2.4(c) is subject
to the conditions set forth in Section 4.2 (other than delivery by the
Borrower of a Notice of Borrowing).  Any such reimbursement shall
not relieve or otherwise impair the obligation of the Borrower to reimburse
any L/C Issuer for the amount of any payment made by such L/C Issuer under
any Letter of Credit, together with interest as provided herein.

 

        (vi)  If any Lender
fails to make available to the Administrative Agent for the account of
any L/C Issuer any amount required to be paid by such Lender pursuant to
the foregoing provisions of this Section 2.4(c) by the time specified in
Section 2.4(c)(ii), such L/C Issuer shall be entitled (acting through the
Administrative Agent) to recover from such Lender, on demand, such amount
with interest thereon for the period from the date such payment is required
to the date on which such payment is immediately available to such L/C
Issuer at a rate per annum equal to the Federal Funds Rate from time to
time in effect.  A certificate of such L/C Issuer submitted (through
the Administrative Agent) to any Lender with respect to any amounts owing
under this clause (vi) shall be conclusive absent manifest error.

 

       (vii)  With respect to any
payment in respect of a Letter of Credit, each Lender (including the Lender
acting as L/C Issuer) agrees to act in accordance with the ratable sharing
of payments provisions set forth in Section 3.13.

       
(d)  Repayment of Participations.

       
(i)  At any time after any L/C Issuer has made a payment under any
Letter of Credit and has received from any Lender such Lender's L/C Advance
in respect of such payment in accordance with Section 2.4(c), if the Administrative
Agent receives for the account of such L/C Issuer any payment related to
such Letter of Credit (whether directly from the Borrower or otherwise,
including proceeds of Cash Collateral applied thereto by the Administrative
Agent), or any payment of interest thereon, the Administrative Agent will
distribute to such Lender its Commitment Percentage thereof in the same
funds as those received by the Administrative Agent.

 

        (ii)  If any payment
received by the Administrative Agent for the account of any L/C Issuer
pursuant to Section 2.4(c)(i) is required to be returned, each Lender shall
pay to the Administrative Agent for the account of such L/C Issuer its
Commitment Percentage thereof on demand of the Administrative Agent, plus
interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the Federal Funds
Rate from time to time in effect.

       
(e)  Obligations Absolute. In the absence of gross negligence
or willful misconduct and subject to Section 2.4(h) regarding the applicability
of "ISP98" and "UCP", the obligation of the Borrower to reimburse the applicable
L/C Issuer for each drawing under each Letter of Credit, and to repay each
L/C Borrowing and each drawing under a Letter of Credit that is refinanced
by a Base Rate Loan, shall be absolute, unconditional and irrevocable,
and shall be paid strictly in accordance with the terms of this Credit
Agreement under all circumstances, including the following:

       
(i)  any lack of validity or enforceability of such Letter of Credit,
this Credit Agreement, or any other agreement or instrument relating thereto;

 

        (ii)  the existence
of any claim, counterclaim, set-off, defense or other right that the Borrower
may have at any time against any beneficiary or any transferee of such
Letter of Credit (or any Person for whom any such beneficiary or any such
transferee may be acting), any L/C Issuer or any other Person, whether
in connection with this Credit Agreement, the transactions contemplated
hereby or by such Letter of Credit or any agreement or instrument relating
thereto, or any unrelated transaction;

       
(iii)  any draft, demand, certificate or other document presented
under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate
in any respect; or any loss or delay in the transmission or otherwise of
any document required in order to make a drawing under such Letter of Credit;

       
(iv)  any payment by any L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that appears on its face to be in
order but that nevertheless does not strictly comply with the terms of
such Letter of Credit; or any payment made by any L/C Issuer under such
Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator,
receiver or other representative of or successor to any beneficiary or
any transferee of such Letter of Credit, including any arising in connection
with any proceeding under any debtor relief law; or

       
(v)  any other circumstance or happening whatsoever, whether or not
similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, the
Borrower.

       
The Borrower shall promptly examine a copy of each Letter of Credit and
each amendment thereto that is delivered to it and, in the event of any
claim of noncompliance with the Borrower's instructions or other irregularity,
the Borrower will immediately notify the applicable L/C Issuer.  The
Borrower shall be conclusively deemed to have waived any such claim against
the applicable L/C Issuer and its correspondents unless such notice is
given as aforesaid.

 

        (f)  Role of L/C
Issuers.  Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the applicable L/C Issuers shall not
have any responsibility to obtain any document (other than any sight draft,
certificates and documents expressly required by the Letter of Credit)
or to ascertain or inquire as to the validity or accuracy of any such document
or the authority of the Person executing or delivering any such document. 
No L/C Issuer nor any Affiliate thereof nor any of the respective correspondents,
participants or assignees of any L/C Issuer shall be liable to any Lender
for (i) any action taken or omitted in connection herewith at the request
or with the approval of the Lenders or the Required Lenders, as applicable;
(ii) any action taken or omitted in the absence of gross negligence or
willful misconduct; or (iii) the due execution, effectiveness, validity
or enforceability of any document or instrument related to any Letter of
Credit or Letter of Credit Application.  The Borrower hereby assumes
all risks of the acts or omissions of any beneficiary or transferee with
respect to its use of any Letter of Credit (other than the presentation
of any sight draft, certificates and documents expressly required by the
Letter of Credit); provided,
however, that this assumption
is not intended to, and shall not, preclude the Borrower's pursuing such
rights and remedies as it may have against the beneficiary or transferee
at law or under any other agreement. No L/C Issuer nor any Affiliate thereof,
nor any of the respective correspondents, participants or assignees of
any L/C Issuer, shall be liable or responsible for any of the matters described
in clauses (i) through (v) of Section 2.4(e);
provided, however,
that anything in such clauses to the contrary notwithstanding, the Borrower
may have a claim against an L/C Issuer, and such L/C Issuer may be liable
to the Borrower, to the extent, but only to the extent, of any direct,
as opposed to consequential or exemplary, damages suffered by the Borrower
which the Borrower proves were caused by such L/C Issuer's willful misconduct
or gross negligence or such L/C Issuer's willful failure to pay under any
Letter of Credit after the presentation to it by the beneficiary of a sight
draft and certificate(s) strictly complying with the terms and conditions
of a Letter of Credit.  In furtherance and not in limitation of the
foregoing, any L/C Issuer may accept documents that appear on their face
to be in order, without responsibility for further investigation, regardless
of any notice or information to the contrary, and such L/C Issuer shall
not be responsible for the validity or sufficiency of any instrument transferring
or assigning or purporting to transfer or assign a Letter of Credit or
the rights or benefits thereunder or proceeds thereof, in whole or in part,
which may prove to be invalid or ineffective for any reason.

 

       (g)  Cash Collateral.

       
(i)  Upon the request of the Administrative Agent, (x) if an L/C Issuer
has honored any full or partial drawing request under any Letter of Credit
and such drawing has resulted in an L/C Borrowing, or (y) if, as of (I)
the Letter of Credit Expiration Date or (II) a termination of the Commitments
and an acceleration of the Borrower's obligations pursuant to Section 8.2,
any Letter of Credit may for any reason remain outstanding and partially
or wholly undrawn, the Borrower shall immediately repay the then outstanding
amount of all L/C Borrowings and/or Cash Collateralize the then outstanding
amount of all L/C Obligations, as applicable (in an amount equal to such
outstanding amount determined as of the date of such L/C Borrowing, the
Letter of Credit Expiration Date or date of termination of the Commitments
and acceleration of the Borrower's obligations pursuant to Section 8.2,
as the case may be, such amount to be applied in the manner set forth in
Section 3.3(b)(iv)).

 

        (ii)  Upon the (x)
termination or expiration of any Letter of Credit, the Administrative Agent
shall return and release the Borrower the amounts Cash Collateralized equal
to the L/C Obligation associated with the terminated or expired Letter
of Credit (but only to the extent that all remaining L/C Obligations that
are then required to be Cash Collateralized under this Credit Agreement
are full Cash Collateralized) or (y) payment in full in cash of all of
the obligations owed under this Credit Agreement, the termination or cancellation
of all Letters of Credit issued hereunder, and the termination of all commitments
hereunder, the pledge, Lien and security interest granted hereby shall
terminate and al rights to the amounts Cash Collateralized shall revert
to the Borrower.  Upon any such termination, the Administrative Agent
will, at the Borrower's expense, execute and deliver to the Borrower such
documents as it shall reasonably request to evidence such termination.

       
(h)  Applicability of ISP98 and UCP.  Unless otherwise
expressly agreed by each L/C Issuer and the Borrower when a Letter of Credit
is issued (including any such agreement applicable to an Existing Letter
of Credit), (i) the rules of the "International Standby Practices 1998"
published by the Institute of International Banking Law & Practice
(or such later version thereof as may be in effect at the time of issuance)
shall apply to each standby Letter of Credit, and (ii) the rules of the
Uniform Customs and Practice for Documentary Credits, as most recently
published by the International Chamber of Commerce (the "ICC") at
the time of issuance (including the ICC decision published by the Commission
on Banking Technique and Practice on April 6, 1998 regarding the European
single currency (euro)) shall apply to each commercial Letter of Credit.

 

        (i)  Conflict with
Letter of Credit Application.  In the event of any conflict between
the terms hereof and the terms of any Letter of Credit Application, the
terms hereof shall control.

 

       (j)  Assignments. 
Each Lender may assign all or a portion of its rights and obligations of
participation in the Letters of Credit issued hereunder in accordance with
the terms and conditions for such assignments as set forth in Section 10.3(b). 
If at any time Bank of America or such other L/C Issuer assigns all of
its Commitment and Loans pursuant to Section 10.3(b), Bank of America or
such L/C Issuer may, upon thirty (30) days' notice to the Borrower and
the Lenders, resign as an L/C Issuer.  In the event of any such resignation
of an L/C Issuer, the Borrower shall be entitled to appoint from among
the Lenders a successor L/C Issuer hereunder;
provided,
however,
that no failure by the Borrower to appoint any such successor shall affect
the resignation of any L/C Issuer.  Each of Bank of America, SunTrust
and such other L/C Issuer shall retain all the rights and obligations of
an L/C Issuer hereunder with respect to all Letters of Credit outstanding
as of the effective date of its resignation as an L/C Issuer and all L/C
Obligations with respect thereto (including the right to require the Lenders
to make Base Rate Loans or fund participations in Letters of Credit pursuant
to Section 2.4(c)).

 

       (k)  Amendment. 
Notwithstanding anything in Section 10.6 to the contrary, no provision
of this Section 2.4 may be amended without the consent of any L/C Issuer
directly affected thereby.

       
(l)  Responsibility of L/C Issuer for Causing the Letter of Credit
Sublimit To Be Exceeded.  If any L/C Issuer (i) issues or amends
a Letter of Credit without confirming with the Administrative Agent that
the requested issuance or amendment is permitted in accordance with the
terms hereof as is required pursuant to Section 2.4(b)(ii) (or in disregard
of the information conveyed by the Administrative Agent in response to
such confirmation request) or (ii) fails to provide the Administrative
Agent with a proper reporting of any activity with respect to Letters of
Credit issued or requested of such L/C Issuer during the current calendar
quarter as is required pursuant to Section 2.4(b)(iv), and the result of
such action or inaction is to cause, at any time, (A) the outstanding L/C
Obligations to exceed the Letter of Credit Sublimit or (B) the sum of the
aggregate principal amount of outstanding Revolving Loans plus the
aggregate principal amount of outstanding Competitive Loans plus
the aggregate principal amount of outstanding Swingline Loans plus
the L/C Obligations outstanding to exceed the Revolving Committed Amount,
then such L/C Issuer shall be solely responsible for collecting payment
for unreimbursed draws thereunder from the Borrower, and the Lenders shall
not be required to participate in the L/C Obligations relating thereto.

       
SUBPART 2.8.  Amendment to Section 3.3(b).  Section 3.3(b)
of the Credit Agreement is hereby amended in its entirety by the following:

               
(b)  Mandatory Prepayments.

       
(i)  Commitment Limitation.  If at any time, the sum of
the aggregate principal amount of outstanding Revolving Loans plus
the aggregate principal amount of outstanding Competitive Loans plus
L/C Obligations outstanding plus the aggregate principal amount
of outstanding Swingline Loans shall exceed the Revolving Committed Amount,
the Borrower promises to immediately prepay Loans and/or Cash Collateralize
undrawn L/C Obligations in an amount sufficient to eliminate such excess
(such payments to be applied as set forth in clause (iv) below).

       
(ii)  Debt and Equity Issuances.  During any period in
which the Borrower has a senior unsecured (non-credit enhanced) long term
debt rating from S&P of below BBB- and a senior unsecured (non-credit
enhanced) long term debt rating from Moody's of below Baa3, immediately
upon receipt by the Borrower or any Subsidiary of proceeds from any Debt
or Equity Issuance (as defined below) the Borrower shall cause 50% of the
net cash proceeds of such Debt or Equity Issuance to be applied as follows:

       
(A)  to prepay the principal amount of any borrowings outstanding
under the Facilities and/or (after all Loans have been repaid) Cash Collateralize
outstanding L/C Obligations, with such prepayment applied pro rata to the
Facilities and/or L/C Obligations (based on outstanding commitments thereunder)
to the extent of outstanding borrowings under each Facility (it being understood
that the aggregate amount of prepayments required to be made by the Borrower
under both Facilities shall not exceed 50% of the net cash proceeds of
such Debt or Equity Issuance); and

 

        (B)  to permanently
reduce on a Dollar for Dollar basis commitments outstanding under the Facilities
(regardless of whether there are any outstanding borrowings being prepaid),
with such reductions applied pro rata to the Facilities (based on outstanding
commitments thereunder) to the extent of outstanding commitments under
each Facility (it being understood that the aggregate amount of commitment
reductions required to be made by the Borrower under both Facilities shall
not exceed 50% of the net cash proceeds of such Debt or Equity Issuance
and that a commitment reduction under a Facility shall reduce the individual
commitments of the lenders under such facility on a pro rata basis).

Any
payment made pursuant to this Section 3.3(b)(ii) shall be applied as set
forth in clause (iv) below and shall be accompanied by interest on the
principal amount prepaid through the date of prepayment.  For purposes
hereof, "Debt or Equity Issuance" means the issuance by the Borrower
or any of its Subsidiaries (to a Person other than the Borrower or any
of its Subsidiaries) of (I) any Indebtedness for borrowed money in the
form of publicly issued or privately placed bonds or other debt securities
with a maturity of three years or greater or (II) any shares of capital
stock or other equity securities (other than shares of capital stock issued
by the Borrower or any of its Subsidiaries in connection with the exercise
of stock options).

       
(iii)  Letter of Credit Sublimit.  If at any time, the
sum of the aggregate principal amount of L/C Obligations shall exceed the
Letter of Credit Sublimit, the Borrower shall immediately repay L/C Borrowings
and, within seven (7) days, Cash Collateralize undrawn L/C Obligations
in an amount sufficient to eliminate such excess (such payments to be applied
as set forth in clause (iv) below).  It is understood that if the
Borrower is able to eliminate such excess within the seven-day grace period
through the reduction of L/C Obligations, then no Cash Collateralization
shall be required by the Borrower under this clause (iii).

 

        (iv)  Application
of Mandatory Prepayments.  All amounts required to be paid pursuant
to this Section 3.3(b) (as well as amount required to be paid pursuant
to Section 2.4(g)(i)) shall be applied as follows: (A) with respect to
all amounts paid pursuant to Section 3.3(b)(i) or Section 3.3(b)(ii), to
(I) Swingline Loans, (II) L/C Borrowings that have not been reimbursed
through L/C Advances, (III) L/C Advances and Revolving Loans, (IV) Competitive
Loans and (V) Cash Collateralize undrawn L/C Obligations and (B)  
with respect to all amounts paid pursuant to Section 3.3(b)(iii), to (I)
L/C Borrowings that have not been reimbursed through L/C Advances, (II)
L/C Advances and (III) Cash Collateralize undrawn L/C Obligations. 
Within the parameters of the applications set forth above, payments shall
be applied first to Base Rate Loans and then to Eurodollar Loans in direct
order of Interest Period maturities.  All payments under this Section
3.3(b) shall be subject to Section 3.11, but otherwise without premium
or penalty, and shall be accompanied by interest on the principal amount
paid through the date of payment.

       
SUBPART 2.9.  Amendment to Section 3.4(a).  Section 3.4(a)
of the Credit Agreement is hereby amended by inserting the following after
the words "Competitive Loans plus":

"L/C Obligations outstanding
plus"

       
SUBPART 2.10.  Amendment to Section 3.4(c).  Section 3.4(c)
of the Credit Agreement is hereby amended by inserting the following immediately
after the words "the Lenders" in the first sentence of Section 3.4(c):

",
the commitment of any L/C Issuer to issue Letters of Credit under the Letter
of Credit Sublimit"

       
SUBPART 2.11.  Amendment to Section 3.5(c).  Section 3.5(c)
of the Credit Agreement is hereby amended by inserting the following immediately
after the words "all outstanding Loans" and the words "all Loans outstanding"
in the first sentence of Section 3.5(c):

",
plus
all L/C Obligations outstanding,"

       
SUBPART 2.12.  Amendment to Section 3.5.  Section 3.5
of the Credit Agreement is hereby amended by inserting the following Section
3.5(d) immediately after Section 3.5(c) found therein:

(d)
Letter
of Credit Fees.

       
(i)  Letter of Credit Fee.  In consideration of the issuance
of Letters of Credit hereunder, the Borrower promises to pay to the Administrative
Agent for the account of each Lender a fee (the "Letter of Credit Fee")
on such Lender's Commitment Percentage of the average daily maximum amount
available to be drawn under each Letter of Credit computed at a per annum
rate for each day from the date of issuance to the date of expiration equal
to the Applicable Percentage for Eurodollar Loans and Letter of Credit
Fee.  The Letter of Credit Fee will be payable quarterly in arrears
on the last Business Day of each March, June, September and December for
the immediately preceding quarter (or a portion thereof).

 

        (ii)  L/C Issuer
Fees.  In addition to the Letter of Credit Fee payable pursuant
to clause (i) above, the Borrower promises to pay to each L/C Issuer for
its own account without sharing by the other Lenders (A) a letter of credit
fronting fee as negotiated between the Borrower and such L/C Issuer on
the average daily maximum amount available to be drawn under each Letter
of Credit issued by such L/C Issuer computed at the per annum rate for
each day from the date of issuance to the date of expiration and (B) such
other customary charges from time to time of such L/C Issuer with respect
to the issuance, amendment, transfer, administration, cancellation and
conversion of, and drawings under, and other processing fees, and other
standard costs and charges, of such L/C Issuer relating to such Letters
of Credit as from time to time in effect, due and payable on demand therefor
by such L/C Issuer (collectively, the "L/C Issuer Fees").

       
SUBPART 2.13.  Amendment to Section 3.14(b).  Section
3.14(b) of the Credit Agreement is amended in its entirety by the following:

       
(b)  Allocation of Payments After Event of Default. Notwithstanding
any other provisions of this Credit Agreement to the contrary, after the
occurrence and during the continuance of an Event of Default, all amounts
collected or received by the Administrative Agent or any Lender on account
of the Loans, L/C Obligations, Fees or any other amounts outstanding under
any of the Credit Documents shall be paid over or delivered as follows:

       
FIRST, to the payment of all reasonable out-of-pocket costs and expenses
(including without limitation reasonable attorneys' fees) of the Administrative
Agent in connection with enforcing the rights of the Lenders under the
Credit Documents;

 

        SECOND, to payment of any
fees owed to the Administrative Agent;

 

       THIRD, to the payment of all reasonable
out-of-pocket costs and expenses (including without limitation, reasonable
attorneys' fees) of each of the Lenders in connection with enforcing its
rights under the Credit Documents or otherwise with respect to amounts
owing to such Lender;

 

       FOURTH, to the payment of accrued
fees and interest;

       
FIFTH, to the payment of the outstanding principal amount of the Loans
(including, without limitation, the payment or cash collateralization of
the outstanding L/C Obligations);

       
SIXTH, to all other amounts and other obligations which shall have become
due and payable under the Credit Documents or otherwise and not repaid
pursuant to clauses "FIRST" through "FIFTH" above; and

       
SEVENTH, to the payment of the surplus, if any, to whomever may be lawfully
entitled to receive such surplus.

       
In carrying out the foregoing, (i) amounts received shall be applied in
the numerical order provided until exhausted prior to application to the
next succeeding category; (ii) each of the Lenders shall receive an amount
equal to its pro rata share (based on the proportion that the then outstanding
Loans held by such Lender bears to the aggregate then outstanding Loans)
of amounts available to be applied pursuant to clauses "THIRD", "FOURTH",
"FIFTH" and "SIXTH" above; and (iii) to the extent that any amounts available
for distribution pursuant to clause "FIRST" above are attributable to the
issued but undrawn amount of outstanding Letters of Credit, such amounts
shall be Cash Collateralized by the Administrative Agent and applied (A)
first, to reimburse the applicable L/C Issuers from time to time for any
drawings under such Letters of Credit and (B) then, following the expiration
of all Letters of Credit, to all other obligations of the types described
in clauses "THIRD" and "SIXTH" above in the manner provided in this Section
3.14(b).

       
SUBPART 2.14.  Amendment to Section 4.2.  Section 4.2
of the Credit Agreement is hereby amended by inserting the following after
the parenthetical found in the first sentence of Section 4.2:

",
and of any L/C Issuer to issue a Letter of Credit hereunder,"

       
SUBPART 2.15.  Amendments to Sections 4.2(a) and (e). 
Each of Sections 4.2(a) and (e) of the Credit Agreement is hereby amended
in its entirety with the following, as applicable:

       
"(a)  The Borrower shall have delivered (A) in the case of any Revolving
Loan to the Administrative Agent, an appropriate Notice of Borrowing or
Notice of Extension/Conversion, (B) in the case of any Swingline Loan to
the Administrative Agent, an appropriate Notice of Borrowing or Notice
of Extension/Conversion or (C) in the case of any Letter of Credit, to
the applicable L/C Issuer an appropriate request for issuance (with a copy
to the Administrative Agent) in accordance with the provisions of Section
2.4(b);"

 

        "(e)  Immediately after
giving effect to the making of such Loan (and the application of the proceeds
thereof) or the issuance of such Letter of Credit, as applicable, the sum
of the aggregate principal amount of outstanding Revolving Loans plus
the aggregate principal amount of outstanding Competitive Loans plus
the aggregate principal amount of outstanding Swingline Loans plus
the L/C Obligations outstanding shall not exceed the Revolving Committed
Amount."

       
SUBPART 2.16.  Amendment to Section 5.13.  Section 5.13
of the Credit Agreement is hereby amended by inserting the following after
the last sentence found therein:

       
"The Letters of Credit shall be used only for or in connection with obligations
relating to transactions entered into by the Borrower in the ordinary course
of business."

       
SUBPART 2.17.  Amendment to Section 8.1.  Section 8.1
of the Credit Agreement is hereby amended inserting the following new Section
8.1(i):

      
(i)  Letters of Credit.  The Borrower shall (i) default
in the payment when due of any reimbursement obligations arising from drawings
under Letters of Credit (it being understood that such payment may be accomplished
pursuant to the application of proceeds from a new Base Rate Loan made
in accordance with the provisions of Section 2.4(c) or pursuant to the
application of funds held in a cash collateral account) or (ii) default,
and such defaults shall continue for five (5) or more Business Days, in
the payment when due of any interest on any reimbursement obligations arising
from drawings under Letters of Credit."

       
SUBPART 2.18.  Amendment to Section 8.2.  Section 8.2
of the Credit Agreement is hereby amended by adding the following new Section
8.2(d) and subsequent language immediately following 8.2(c) found therein:

       
"(d)  Cash Collateral.  Direct the Borrower to pay (and
the Borrower agrees that upon receipt of such notice, or upon the occurrence
of an Event of Default under Section 8.1(d), it will immediately pay) to
the Administrative Agent additional cash, to be held by the Administrative
Agent (or as otherwise specified in the definition of "Cash Collateralize"),
for the benefit of the Lenders, in a cash collateral account as additional
security for the L/C Obligations in respect of subsequent drawings under
all then outstanding Letters of Credit in an amount equal to the maximum
aggregate amount which may be drawn under all Letters of Credits then outstanding.

 

Notwithstanding the foregoing, if an Event of Default specified in
Section 8.1(d) shall occur, then the Commitments shall automatically terminate
and all Loans, reimbursement obligations arising from drawings under Letters
of Credit, all accrued interest in respect thereof, all accrued and unpaid
Fees and other indebtedness or obligations owing to the Administrative
Agent and/or any of the Lenders hereunder in respect thereof automatically
shall immediately become due and payable without the giving of any notice
or other action by the Administrative Agent or the Lenders."

       
SUBPART 2.19.  Amendment to Section 9.1.  Section 9.1
of the Credit Agreement is hereby amended by inserting an "(a)" before
the words "Each Lender" in the first paragraph therein, and adding the
following new Section 9.1(b) immediately following Section 9.1(a):

       
(b)  Each L/C Issuer shall act on behalf of the Lenders with respect
to any Letters of Credit issued by it and the documents associated therewith
until such time (and except for so long) as the Administrative Agent may
agree at the request of the Required Lenders to act for such L/C Issuer
with respect thereto; provided, however, that such L/C Issuer
shall have all of the benefits and immunities (i) provided to the Administrative
Agent in this Section 9 with respect to any acts taken or omissions suffered
by such L/C Issuer in connection with Letters of Credit issued by it or
proposed to be issued by it and the application and agreements for letters
of credit pertaining to the Letters of Credit as fully as if the term "Administrative
Agent" as used in this Section 9 included such L/C Issuer with respect
to such acts or omissions, and (ii) as additionally provided herein with
respect to such L/C Issuer.

       
SUBPART 2.20.  Amendment to Section 9.8.  Section 9.8
of the Credit Agreement is hereby amended in its entirety with the following:

9.8

Administrative Agent in its Individual Capacity.

       
"Bank of America, each other L/C Issuer and their respective Affiliates
may make loans to, issue letters of credit for the account of, accept deposits
from, acquire equity interests in and generally engage in any kind of banking,
trust, financial advisory, underwriting or other business with each of
the Borrower and its respective Affiliates as though Bank of America were
not the Administrative Agent or such L/C Issuer were not an L/C Issuer
hereunder, as applicable, and without notice to or consent of the Lenders. 
The Lenders acknowledge that, pursuant to such activities, Bank of America,
each L/C Issuer and their respective Affiliates may receive information
regarding the Borrower or its Affiliates (including information that may
be subject to confidentiality obligations in favor of the Borrower or such
Affiliate) and acknowledge that neither the Administrative Agent nor such
L/C Issuer shall be under any obligation to provide such information to
them.  With respect to its Loans or any Letter of Credit issued by
it, Bank of America or such other L/C Issuer, as applicable, shall have
the same rights and powers under the Credit Agreement as any other Lender
and may exercise such rights and powers as though it were not the Administrative
Agent or an L/C Issuer, and the terms "Lender" and "Lenders" include Bank
of America or such other L/C Issuer, as applicable, in its individual capacity."

       
SUBPART 2.21  Amendment to Section 10.1.  Section 10.1
of the Credit Agreement is amended to include the following information:

For Letter
of Credit Applications:

 

For Bank of America, as L/C Issuer:

Bank
of America, N.A.

Attn:
Sandra Leon

Trade
Finance - Standby Letters of Credit

Mail
Code: CA9-703-19-23

333 South
Beaudry Street

Los Angeles,
CA 90071

Telephone: 
(213) 345-6632

Telecopy: 
(213) 345-6694

 

with copy to:

Bank
of America, N.A.

Attn: 
Jeff Khamsivone

CA4-706-05-09

1850
Gateway Blvd.

Concord,
CA  94520

Telephone: 
(925) 675-8432

Telecopy: 
(888) 969-2451

 

For SunTrust, as L/C Issuer:

 

SunTrust Bank

Attn: 
Letter of Credit Department

25 Park
Place, 16th Floor

MC-3706

Atlanta,
Georgia  30303

Telecopy: 
404-588-8129

 

with a copy to:

SunTrust
Bank

Attn: 
Bryan W. Ford, Director

6410
Poplar Avenue; Ste 320

Memphis,
TN  38119

Telecopy: 
901-766-7565

Bank
of America, N.A.

Attn: 
Jeff Khamsivone

CA4-706-05-09

1850
Gateway Blvd.

Concord,
CA  94520

Telephone: 
(925) 675-8432

Telecopy: 
(888) 969-2451

       
SUBPART 2.22.  Amendment to Schedules.  Schedule 1.1 ("Applicable
Percentage") and Schedule 10.3(b) ("Form of Assignment and Acceptance")
are hereby amended in their entirety by the new Schedule 1.1 and Schedule
10.3(b) attached hereto.

       
SUBPART 2.23.  Further Amendment to Schedules.  The Schedules
are hereby amended by including therein the new Schedule 2.4 "Existing
Letters of Credit" attached hereto.

PART III

CONDITIONS TO EFFECTIVENESS

       
SUBPART 3.1.  Amendment No. 2 Effective Date.  This Amendment
shall be and become effective as of the date hereof (the "Amendment
No. 2 Effective Date") when all of the conditions set forth below in
this Part III shall have been satisfied.

       
SUBPART 3.2.  Execution of Counterparts of Amendment. 
The Administrative Agent shall have received counterparts (or other evidence
of execution, including telephonic message, satisfactory to the Administrative
Agent) of this Amendment, which collectively shall have been duly executed
on behalf of each of the Borrower, the Administrative Agent, Bank of America,
N.A., as an L/C Issuer, SunTrust Bank, as an L/C Issuer, and the Required
Lenders.

       
SUBPART 3.3.  Legal Details, Etc.  The Administrative
Agent, for the benefit of the Lenders, and its counsel shall have received,
and be satisfied with, any supporting documentation as the Agent may reasonably
request as of the Amendment No. 2 Effective Date.

PART IV

MISCELLANEOUS

       
SUBPART 4.1.  Cross-References.  References in this Amendment
to any Part or Subpart are, unless otherwise specified, to such Part or
Subpart of this Amendment.

       
SUBPART 4.2.  Instrument Pursuant to Credit Agreement. 
This Amendment is a Credit Document executed pursuant to the Credit Agreement
and shall (unless otherwise expressly indicated therein) be construed,
administered and applied in accordance with the terms and provisions of
the Amended Credit Agreement.

       
SUBPART 4.3.  References in Other Credit Documents.  At
such time as this Amendment shall become effective pursuant to the terms
of Subpart 3.1, all references in the Credit Documents to the "Credit
Agreement" shall be deemed to refer to the Credit Agreement as amended
by this Amendment.

       
SUBPART 4.4.  Representations and Warranties.  The Borrower
hereby represents and warrants that:

       
(a)  It has taken all necessary action to authorize the execution,
delivery and performance of this Amendment.

 

        (b)  This Amendment
has been duly executed and delivered by the Borrower and constitutes the
Borrower's legal, valid and binding obligations, enforceable in accordance
with its terms, except as such enforceability may be subject to (i) bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium
or similar laws affecting creditors' rights generally and (ii) general
principles of equity (regardless of whether such enforceability is considered
in a proceeding at law or in equity).

       
(c)  No consent, approval, authorization or order of, or filing, registration
or qualification with, any court or governmental authority or third party
is required in connection with the execution, delivery or performance by
the Borrower of this Amendment.

       
(d)  The representations and warranties set forth in Section 5 of
the Amended Credit Agreement are, subject to the limitations set forth
therein, true and correct in all material respects as of the Amendment
No. 2 Effective Date (except for those which expressly relate to an earlier
date).

       
(e)  Subsequent to the execution and delivery of this Amendment and
after giving effect hereto, no Default or Event of Default exists under
the Amended Credit Agreement or any of the other Credit Documents.

       
(f)  All of the provisions of the Credit Documents, except as amended
hereby, are in full force and effect.

       
SUBPART 4.5.  No Other Changes.  Except as expressly modified
and amended in this Amendment, all the terms, provisions and conditions
of the Credit Documents shall remain unchanged and shall continue in full
force and effect.

 

     
SUBPART 4.6.  Counterparts/Telecopy.  This Amendment may
be executed by the parties hereto in several counterparts, each of which
shall be deemed to be an original and all of which shall constitute together
but one and the same agreement.  Delivery of an executed counterpart
by telecopy shall be effective as an original and shall constitute a representation
that an original will be delivered.

       
SUBPART 4.7.  Governing Law. THIS AMENDMENT SHALL BE DEEMED
TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE
OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF.

       
SUBPART 4.8.  Successors and Assigns.  This Amendment
shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns.

       
SUBPART 4.9.  ENTIRETY. THIS AMENDMENT, THE AMENDED CREDIT
AGREEMENT AND THE OTHER CREDIT DOCUMENTS EMBODY THE ENTIRE AGREEMENT BETWEEN
THE PARTIES AND SUPERSEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS, IF ANY,
RELATING TO THE SUBJECT MATTER HEREOF.  THESE CREDIT DOCUMENTS REPRESENT
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES.

[Signature
pages follow]

 

 

       
This Amendment No. 2 to Five-Year Credit Agreement is executed as of the
day and year first written above.

BORROWER:                                                
AUTOZONE, INC.,

                                                                           
a Nevada corporation

                                                                           
By:  /s/ Michael Archbold

                                                                           
Name:    Michael Archbold

                                                                           
Title:    SVP & CFO

                                                                           
By:  /s/ Harry L. Goldsmith

                                                                           
Name:  Harry L. Goldsmith

                                                                           
Title:  Sr. Vice President, Secretary & General Counsel

ADMINISTRATIVE
AGENT:                    

BANK OF AMERICA, N.A.,

                                                                         
in its capacity as Administrative Agent

 
                                                                           
By:  /s/ David Price

                                                                           
Name:  David Price

                                                                           
Title:  Vice President

LENDERS:                                                       
BANK OF AMERICA, N.A.,

                                                                           
in its capacity as an L/C Issuer and as a Lender

 
                                                                           
By:  /s/ Dan M. Kilian

                                                                           
Name:  Dan M. Kilian

                                                                           
Title:  Managing Director

                                                                           
SUNTRUST BANK,

                                                                           
in its capacity as an L/C Issuer and as a Lender

 

                                                                           
By:  /s/  Bryan W. Ford

                                                                           
Name:  Bryan W. Ford

                                                                           
Title:  Director

 

                                                                         
JP MORGAN CHASE BANK

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Barry K. Bergman

                                                                        
Name: Barry K. Bergman

                                                                        
Title:  Vice President

                                                                         
Bank One, NA

 

                                                                        
By:  /s/  Catherine A. Muszynski

                                                                        
Name: Catherine A. Muszynski

                                                                        
Title:  Director

                                                                         
FLEET NATIONAL BANK

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Alexis Griffin

                                                                        
Name: Alexis Griffin

                                                                        
Title:  Vice President

                                                                       
THE BANK OF NEW YORK

 

                                                                       
By:  /s/  David C. Judge

                                                                       
Name: David C. Judge

                                                                       
Title:  Senior Vice President

                                                                         
CITIBANK, N.A.
 

                                                                        
By:  /s/  Robert J. Kane

                                                                        
Name: Robert J. Kane              
__

                                                                        
Title:  Director

                                                                         

US BANK NATIONAL ASSOCIATION

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Amanda Smith

                                                                         
Name: Amanda Smith

                                                                         
Title:  Assistant Vice President

                                                                         

HIBERNIA NATIONAL BANK

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Michael R. Geissler

                                                                         
Name: Michael R. Geissler

                                                                         
Title:  Vice President

                                                                         
MIZUHO CORPORATE BANK, LTD.

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  James W. Masters

                                                                         
Name: James W. Masters

                                                                         
Title:  Senior Vice President

                                                                         
KEYBANK NATIONAL ASSOCIATION

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Thomas J. Purcell

                                                                         
Name: Thomas J. Purcell

                                                                         
Title:  Senior Vice President

                                                                         
MERRILL LYNCH BANK USA

                                                                          
[name of Lender]

 

                                                                        
By:  /s/  D. Kevin Imlay

                                                                        
Name: D. Kevin Imlay

                                                                        
Title:  Senior Credit Officer

                                                                         
NATIONAL CITY BANK

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  James C. Ritchie

                                                                        
Name: James C. Ritchie

                                                                        
Title:  Vice President

                                                                         

UNION BANK OF CALIFORNIA, N.A.

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Theresa L. Rocha

                                                                        
Name: Theresa L. Rocha

                                                                        
Title:  Vice President

                                                                         

UNION PLANTERS NATIONAL BANK

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Craig E. Gardella

                                                                        
Name: Craig E. Gardella

                                                                        
Title:  Senior Vice President

                                                                         
WACHOVIA BANK, NATIONAL ASSOCIATION

                                                                           
[name of Lender]

 

                                                                        
By:  /s/  Anthony D. Braxton

                                                                        
Name: Anthony D. Braxton

                                                                        
Title:  Director

 

Schedule 1.1
APPLICABLE PERCENTAGE

 

 

 

 

	

 

Pricing

Level

	

 

S&P/Moody's

Rating

	
Applicable Margin

for

Eurodollar Loans

and

Letter of Credit Fee
	
Applicable Margin

for

Base Rate Loans
	
Applicable Percentage

for

Facility Fee
	
Applicable Percentage

for

Utilization Premium

	
Level
I

	
A-/A3
or above

	
37.5 bps
	
0
	
12.5 bps
	
12.5 bps

	
Level
II

	
BBB+/Baa1

	
47.5 bps
	
0
	
15.0 bps
	
12.5 bps

	
Level
III

	
BBB/Baa2 

	
57.5 bps
	
0
	
17.5 bps
	
25.0 bps

	
Level
IV

	
BBB-/Baa3

	
87.5 bps
	
0
	
25.0 bps
	
25.0 bps

	
Level
V

	
BB+/Ba1
or below 

	
117.5 bps
	
0
	
32.5 bps
	
25.0 bps

The
Applicable Percentage shall be based on the applicable Pricing Level corresponding
to the Rating(s) then in effect.  In the event of a Split Rating,
the applicable Pricing Level shall be based on the higher Rating. In the
event of a Double Split Rating, the applicable Pricing Level shall be based
on the Pricing Level which is one above that corresponding to the lower
Rating.  If no Rating exists, the applicable Pricing Level shall be
based on Pricing Level V until the earlier of (A) such time as S&P
and/or Moody's provides another Rating or (B) the Required Lenders have
agreed to an alternative pricing grid or other method for determining Pricing
Levels pursuant to an effective amendment to this Credit Agreement.

As
used herein:

       
"Rating" means the senior unsecured (non-credit enhanced) long term
debt rating of the Borrower, as published by S&P and/or Moody's.

 

        "Split Rating" means
the ratings of S&P and Moody's would indicate different Pricing Levels,
but the Pricing Levels are not more than one Pricing Level apart.

 

        "Double Split Rating"
means the ratings of S&P and Moody's would indicate different Pricing
Levels, but the Pricing Levels are two or more Pricing Levels apart.

 

Schedule 2.4

EXISTING LETTERS OF CREDIT

	
L/C #
	
Amount
	
Beneficiary
	
Expiration

Date
	
Evergreen Provision

	
F400392
	
$ 22,300,000.00

	
Employer's Insurance of Wausau

	
9/1/02
	
Yes

	
F400439
	
$   1,250,000.00

	
Lumberman's Mutual Caualty Co.

	
6/30/03
	
Yes

	
F400446
	
$      277,778.00

	
Inland Realty Holding Company, Inc.

	
5/28/03
	
Yes

	 	 	 	 	 
	
Total

	
$  23,827,778.00

	 	 	 

 

Schedule 10.3(b)
FORM OF

ASSIGNMENT AND ACCEPTANCE

THIS
ASSIGNMENT AND ACCEPTANCE dated as of _______________, 200_ is entered
into between ________________ ("Assignor") and ____________________
("Assignee").

       
Reference is made to the Five-Year Credit Agreement dated as of May 23,
2000, as amended and modified from time to time thereafter (the "Credit
Agreement") among AutoZone, Inc., the Lenders party thereto, Bank of
America, N.A., as Administrative Agent and The Chase Manhattan Bank, as
Syndication Agent.  Terms defined in the Credit Agreement are used
herein with the same meanings.

       
1.        The Assignor hereby sells
and assigns, without recourse, to the Assignee, and the Assignee hereby
purchases and assumes from the Assignor, effective as of the Effective
Date set forth below, the interests set forth below (the "Assigned Interest")
in the Assignor's rights and obligations under the Credit Agreement, including,
without limitation, the interests set forth below in the Commitments and
outstanding Loans of the Assignor on the effective date of the assignment
designated below (the "Effective Date"), together with unpaid Fees
accrued on the assigned Commitments to the Effective Date and unpaid interest
accrued on the assigned Loans to the Effective Date.  Each of the
Assignor and the Assignee hereby makes and agrees to be bound by all the
representations, warranties and agreements set forth in Section 10.3(b)
of the Credit Agreement, a copy of which has been received by the Assignee. 
From and after the Effective Date (i) the Assignee, if it is not already
a Lender under the Credit Agreement, shall be a party to and be bound by
the provisions of the Credit Agreement and, to the extent of the interests
purchased and assumed by the Assignee under this Assignment and Acceptance,
have the rights and obligations of a Lender thereunder and (ii) the Assignor
shall, to the extent of the interests sold and assigned by the Assignor
under this Assignment and Acceptance, relinquish its rights and be released
from its obligations under the Credit Agreement.

       
2.        This Assignment and Acceptance
shall be governed by and construed in accordance with the laws of the State
of New York.

       
3.        Terms of Assignment

       
(a)        Date of Assignment:

       
(b)        Legal Name of Assignor:

       
(c)        Legal Name of Assignee:

       
(d)        Effective Date of Assignment:

       
(e)        Revolving Commitment of Assignee

                   
after giving effect to this

                   
Assignment and Acceptance as

                   
of the Effective Date                                                           
$_________________

 

        (f)       
Revolving Commitment of Assignor

                   
after giving effect to this

                   
Assignment and Acceptance as

                   
of the Effective Date                                                               
$_________________

       
(g)        Commitment Percentage of
Assignee

                   
after giving effect to this

                   
Assignment and Acceptance

                   
as of the Effective Date

                   
(set forth to at least 8 decimals)                                                                               
%

       
(h)        Commitment Percentage of
Assignor

                   
after giving effect to this

                   
Assignment and Acceptance

                   
as of the Effective Date

                   
(set forth to at least 8 decimals)                                                                               
%

       4.       
This Assignment and Acceptance shall be effective only upon consent of
the Borrower and the Administrative Agent, if applicable, delivery to the
Administrative Agent of this Assignment and Acceptance together with the
transfer fee payable pursuant to Section 10.3(b) in connection herewith
and recordation in the Register pursuant to Section 10.3(b) of the terms
hereof.

       5.       
This Assignment and Acceptance 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 Assignment and Acceptance to produce
or account for more than one such counterpart.

The terms
set forth above

are hereby
agreed to:

 

____________________, as Assignor

By:

Name:

Title:

_____________________,
as Assignee

By:

Name:

Title:

Notice address of Assignee:

                       
<<Assignee>>

                       
__________________________

                       
__________________________

                       
Attn:______________________

                       
Telephone:  (___) ________

                       
Telecopy:  (___) ________

Consented to and Accepted:

BANK OF AMERICA,
N.A., as

Administrative
Agent

 

By: _________________________________

       
Title:

Consented to:

BANK OF AMERICA,
N.A., as

an L/C Issuer

 

By: _________________________________

        Title:

Consented to:

SUNTRUST BANK, as

an L/C Issuer

 

By: _________________________________

       
Title:

[Consented to:

AUTOZONE, INC.

By: _________________________________

       
Title:]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]